Individual Disability Insurance The Standard’s IDI Online Reference Product Guide Revised 1/1/17 Standard Insurance Company The Standard Life Insurance Company of New York Standard Insurance Company is licensed to issue insurance in all states except New York. The Standard Life Insurance Company of New York is licensed to issue insurance only in the state of New York. 2 Back to index Text in green indicates changes published on 1/1/17. Please note the addition 3 of the Platinum Advantage and Medical and Health Occupations sections. Links To Index Occ Class List Individual Disability Income Insurance Platinum Advantage .............................................................................................5 Aca - Arm Protector PlatinumSM........................................................................................... 12 Art - Bai Protector EssentialSM .......................................................................................... 17 Issue and Participation Limits ........................................................................ 21 Bak - Bui Guaranteed Standard Issue Disability Income Insurance ....................................... 24 Bul - Cle Business Overhead ProtectorSM Disability Insurance .............................................. 27 Clo - Con Business Equity ProtectorSM Buy/Sell Funding Disability Insurance ....................... 32 Con - Del Premium Discounts .................................................................................................. 39 Den - Edi Business Owner Rewards ........................................................................................ 42 Applications ............................................................................................................. 44 Edu - Eng Underwriting Guidelines Esc - Fin Medical Underwriting, Medical and Nonmedical Requirements .................. 45 Fin - Gol TeleApps................................................................................................................45 Build .............................................................................................................. 47 Gol - Int Simplified Underwriting ................................................................................ 48 Modified Offers ............................................................................................. 49 Inv - Liq Policy Effective Dates .............................................................................................. 50 Liq - Man Premium Payment and Calculation.......................................................................... 51 Man - Min Reinstating Lapsed Policies ..................................................................................... 52 Min - Off Taxation of Benefits ................................................................................................. 53 Off - Pit Income Documentation ............................................................................................ 55 Pla - Ran Occupation Classifications Rea - Sal Overview ....................................................................................................... 56 Students and New Professionals ......................................................... 57 Sal - Spe Government Employees ....................................................................... 59 Entertainment Industry ......................................................................... 60 Spo - Tra Agriculture ............................................................................................. 62 Insurance Producers, Financial Advisors, Financial Planners ............. 62 Tra - Zoo Working in the Home or Residence ...................................................... 63 MEDICAL Occupation Classifications List .................................................................... 64 Medical and Health Occupations ......................................................... 85 This product guide is not a contract and is intended as a general reference tool only. It provides only a brief summary of generic contract provisions and does not reflect exact contract language. Policy and rider provisions, and availability of certain products, benefits and riders, may vary by state. FOR PRODUCER USE ONLY. NOT FOR USE WITH CONSUMERS. 4 Back to index 5 Platinum Advantage Individual Disability Income Insurance Included in the Platinum Advantage Policy* Optional Riders • Regular Occupation Definition of Disability • Residual Disability Benefit Rider • Guaranteed Renewable Policy - Basic • Family Care Benefit - Enhanced • Total Disability Benefit - Short-Term • Presumptive Total Disability Benefit • Noncancelable Policy Rider • Rehabilitation Benefit • Indexed Cost of Living Benefit Rider (ICOL) • Survivor Benefit • Catastrophic Disability Benefit Rider (CAT) • Premium Waiver Benefit • Own Occupation Rider • Choice of Benefit Periods • Student Loan Benefit Rider Riders Included at No Cost, When Eligible • Benefit Increase Rider (BIR) • Automatic Increase Benefit Rider (AIB) All benefits and riders are subject to the following considerations, which may result in the benefit or rider not being issued: eligibility, the underwriting evaluation, underwriting considerations and reinsurance availability. Adding optional riders may increase policy premium. * Please note: Platinum Advantage is not yet available in CA, CT, DC, DE, FL, MT, ND, NY or SD. Benefit Overview If You Cannot Work in Your Regular Occupation When the Presumptive Disability Benefit Applies Platinum Advantage’s definition of total disability You will be presumed to be totally disabled if, while provides for payment of the full monthly benefit in the the policy is in force, you suffer an injury or sickness event you are disabled in your regular occupation. that results in total and permanent loss of any of the Regular occupation means the occupation(s) in which following: speech, hearing in both ears not restorable you are regularly engaged at the time your disability by hearing aids, sight in both eyes after reasonable begins. If you are a physician or dentist who has limited efforts are made to correct your vision using the most your practice to a specialty recognized by the American advanced medically acceptable procedures and Board of Medical Specialties, the American Osteopathic devices available, or the use of both hands, both feet, or Association Bureau of Osteopathic Specialists or one hand and one foot. the American Dental Association, we will deem that specialty to be your regular occupation. Benefits When You Participate in a Rehabilitation Program When the Total Disability Benefit Applies If you participate in a voluntary rehabilitation program Under Platinum Advantage, you are considered totally to help you prepare for your return to full-time work, The disabled if due to your injury or sickness, you are unable Standard will pay the reasonable costs of the program to perform the substantial and material duties of your if: regular occupation, you are not engaged in any other job or occupation for wage or profit, and you are under • you have accepted the terms and objectives of the regular care of a physician appropriate for your the program, and injury or sickness. The physician’s care requirement • The Standard has approved the program and may be waived when The Standard‡ receives written determined it meets the mutually agreed-upon proof that further care would not benefit you. objectives. ‡The Standard is a marketing name for StanCorp Financial Group, Inc. and subsidiaries. Insurance products are offered by Standard Insurance Company of Portland, Ore. in all states except New York, where insurance products are offered by The Standard Life Insurance Company of New York of White Plains, N.Y. Back to index 6 Platinum Advantage Overview Monthly Coverage Maximum Participation Benefit Waiting Occupation 2 Benefit Periods Periods Maximum With group Available Riders 3 4 Classes Issue from With other Minimum Available Available LTD from Issue (days) The Standard carriers’ other carriers IDI and/or coverage The Standard1 5A, 4A $20,000 $30,000 $35,000 5P, 4P, 4S $17,000 $25,000 $30,000 2 Years, 5 Years, AIB, BIR, ICOL, 10 Years, To- 3A $15,000 $25,000 $25,000 Noncan, Own Occ, Age-65 and $1,000. 3P, 3D $15,000 $25,000 $30,000 Residual (Basic, To-Age-67 60, 90, 180 BIR minimum Enhanced or Short- and 365 issue is $200. 2A $10,000 $10,000 $15,000 Term), CAT and 2P $15,000 $25,000 $25,000 Student Loan 2 Years and A, B $8,000 $8,000 $10,000 5 Years Issue Ages 18 - 64 1 When LTD is employer-paid, it may net a higher participation amount than that published. 2 All benefits and riders are subject to the following considerations, which may result in the benefit or rider not being issued: the underwriting considerations and reinsurance availability. Occupation class restrictions may apply. Please see rider descriptions for availability. Adding optional riders may increase policy premium. 3 2 years issued to age 64, 5 years issued to age 60, 10 years issued to age 55, and To-Age-65 and To-Age-67 issued to age 60. 4 The waiting period must be satisfied within the total number of consecutive days which equals: two times the waiting period for waiting periods of 180 days or less; or one and one half times the waiting period if longer than 180 days. Premiums Waived While Receiving Disability Benefits while disability benefits are payable. This benefit is not Premiums due under the policy while disability benefits available in all states. are payable