- What is The Standard?
- How does The Standard work?
- How much does The Standard cost?
- The Standard features
- Who is The Standard best for?
- Who shouldn’t use The Standard?
- Pros & cons
- The Standard vs. competitors
- The bottom line
What is The Standard?
How does The Standard work?
How much does The Standard cost?
The Standard features
Individual disability insurance coverage
- An automatic increase benefit rider and benefit increase rider that allows your insurance benefit to increase along with your salary. This ensures that the coverage from your insurance policy is aligned with your current salary.
- The guaranteed renewable feature, which means that as long as you pay your premium on time, The Standard cannot change your policy.
- The rehabilitation benefit, which covers the cost of a rehabilitation program that is approved by The Standard if you need it to return to work sooner after an injury or illness.
- The survivor benefit, which states that if you pass away while you’re receiving disability benefits, your beneficiary will receive a benefit that is equal to three times your policy’s basic monthly benefit.
- An optional residual disability rider, which will replace a portion of your lost income if you become disabled but you’re still able to work in some capacity. You can choose a residual rider that works best for you based on your profession and your income.
- An optional student loan rider, which states that the Standard will reimburse a portion or all of your student loan payments if you become totally disabled and cannot work.
Flexible access to funds
Personalized customer service
Who is The Standard best for?
People who want additional income protection
People planning for retirement
Who shouldn’t use The Standard?
People looking for individual medical plans
People looking for other retirement accounts
Pros & cons
- The Platinum Advantage disability income insurance includes a Family Care Benefit. In addition to receiving coverage if you’re unable to work due to your own disability, you can receive coverage if you lose work and income while caring for a sick family member.
- The Standard’s annuities offer flexible access to your funds. While other companies may charge a fee to withdraw funds during the surrender-charge period, The Standard offers ways to do so without paying a penalty.
- Most of The Standard’s plans are group plans. This means that you can only enroll in them if they are offered by your employer.
- The Standard doesn’t offer insurance quotes for individuals on its website. To talk about policies and pricing, you have to speak with one of The Standard’s agents.
The Standard vs. competitors
|Company||Products offered||Employer-sponsored plans?||How to contact|
|The Standard||Disability income protection, annuities||Yes||Online form, by phone|
|Moody Insurance Agency||Medical insurance, dental insurance, vision insurance, life insurance, accidental death and dismemberment insurance, disability insurance, disability income insurance, long-term care insurance, retirement products||Yes||Online form, by phone, or by email|
|Reliance Standard Life Insurance Company||Annuities||Yes||By phone numbers or email addresses as provided on the website|
Moody Insurance Agency
Reliance Standard Life Insurance Company
Is The Standard BBB accredited?
Do you need to provide medical records for disability insurance?
What is an elimination period?
The bottom line
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