Protector+® provides a flexible set of benefits for a wide range of occupations.
Included With Every Standard Protector+ Disability Insurance Policy
Presumptive Total Disability Benefit
The Standard will presume the insured is eligible for the total disability benefit if an injury or illness results in loss of speech, hearing, sight or the use of two limbs, as defined by the policy.
Total Disability Benefit
The Standard will pay benefits to insureds who cannot work in their regular occupations because of a total disability, as defined by the policy.
Waiver of Premium Benefit
The Standard will waive all premiums due under the policy while disability or recovery benefits are payable.
If the insured participates in a rehabilitation program to prepare for returning to full-time work, Standard will pay for part or all of the costs.
Continuous Disability Provisions
Recurrent periods of disability from the same cause or causes are considered one period of continuous disability if they are separated by a recovery period of less than 12 months (six months in some states).
The Standard will pay a survivor benefit for up to three months beyond the date of the insured’s death, if the insured dies while disability or recovery benefits are payable.
Cosmetic or Transplant Surgery Benefit
The Standard will pay a monthly benefit if the insured is disabled more than six months after the policy’s effective date from a sickness caused by cosmetic or transplant surgery.
Riders And Endorsements
Residual Disability Rider1
The Standard will pay a residual disability benefit if the insured loses at least 20 percent of his or her income while he or she returns to work, meaning the insured is only able to perform some of the regular duties, or can perform all of the duties less effectively or only part of the time.
Future Purchase Option
As the insureds advance in their careers, their income will likely increase. This option allows them to purchase increases in their coverage once per year without medical evidence of insurability.
This rider locks in premium rates as long as the premiums are paid by the end of each grace period.
Own Occupation Rider
This rider changes the definition of disability so that the insured may be eligible for benefits if disabled in his or her regular occupation, but earning income from another occupation.
Indexed Cost of Living Rider
With this rider, the monthly benefit will increase by up to 3 or 6 percent annually while your client remains disabled, based on changes in the Consumer Price Index.
Catastrophic Disability Rider
The Standard will pay an additional monthly benefit if the insured suffers a catastrophic disability that prevents him from performing normal daily activities without assistance, as defined by the policy.
Supplemental Social Insurance Rider
This rider pays a benefit while the insured is disabled and not receiving any legislated benefits. The benefit amount will be offset by any legislated benefits that are payable.
DISABILITY INSURANCE QUOTES1 This feature is included in the base policy in California as the Partial Disability rider.
This is only a brief summary of the features and riders available in the policy. This is not a contract. Any coverage issued is subject to the terms of the policy. Some policy provisions may vary by state. Optional riders are subject to underwriting and reinsurance availability. Additional optional riders may increase premiums. Some riders may not be available in all states. A medical exam may be required when you apply for a policy.
Some products and riders may not be available in all states and some policy provisions may vary by state. The policy has exclusions and limitations and terms under which the policy may be continued or discontinued. For costs and complete details of coverage, please contact your insurance representative or The Standard.
The Standard is a marketing name for StanCorp Financial Group, Inc. and subsidiaries. Insurance products are offered by Standard Insurance Company of Portland, Oregon in all states except New York, where insurance products are offered by The Standard Life Insurance Company of New York of White Plains, New York. Product features and availability vary by state and company, and are solely the responsibility of each subsidiary.