The Standard Announces Increased Issue Limits

Please note: The Standard has also announced several important changes including changes in FPO processing and occupation class ratings.

Increased Issue Limits

Effective immediately, maximum issue limits have increased for The Protector+SM and The ProtectorSM individual disability income insurance. All eligible benefit amounts are subject to Issue and Participation limits.

* The Protector is available in California only.

Transition Rules

Pending Business

Pending IDI applications for The Protector+ or The Protector that are in underwriting or have been recently issued, but not yet placed, may be eligible for the increased benefit amounts as a result of these changes. Please contact your Customer Management Specialist.

Policies Already in Force

Policies delivered to the insured on or after 2/4/10 may be exchanged for a policy with the higher benefit amounts by request. The last date to initiate the request for exchange to receive the higher benefit amounts is 4/4/10. Producers whose cases were delivered to the insured before 2/4/10 or those that fall after the 4/4/10 notification deadline must submit a new fully underwritten application in order to receive the new benefit amounts. For more information or to initiate such a change, please contact your Customer Management Specialist.

Any increase in benefit amounts to either pending or in force polices require underwriter approval.

Illustrating the changes

Please download Software Update 243.

Please give us a call with any questions or visit our website and request a quote or chat with us live from our website!