What is included

• Up to $3000 monthly benefit.
• Noncancelable* and Residual Disability Riders available to all occupation classes.
• Catastrophic Disability Rider** available if there is a 1:1 benefit ratio.
• Own Occupation Riders available to those who would normally qualify.
• Supplemental Social Insurance (SSI) Rider.
• Future Purchase Option (FPO) Rider (subject to the conditions under Guidelines below).
• Available to ages 18-60.
• Available to all occupation classes.
• All waiting and benefit periods available.
• Discounts for associations and multi-life cases.

* Not available for occupation classes A and B for The Protector.^SM
** Not available for The Protector.^SM

 

The key to Simplified Underwriting is a fully completed, accurate application

Disability insurance underwriting can be a simple process when broken down to these basic components:

• Fill out the application completely, including the financial questions.
• Keep a realistic goal for the result.

Guidelines

1. In order to initiate the Simplified Underwriting process, Old Fashioned Underwriting must be indicated on the Producer Information Report in the application.
2. Old Fashioned Underwriting is available only with Traditional Applications (written). No TeleApps.
3. Available for new IDI business only (no contract changes).
4. Maximum issue limit is $3,000 including SSI and FPO.
5. Maximum participation limit is $5,000 of fully underwritten coverage with all carriers.
6. All benefits applied for are subject to minimum annual income requirements and currently published issue and participation limits.
7. If an applicant is offered modified, rated, postponed or declined coverage under this program, the applicant may elect to have carrier obtain additional requirements to allow for the possibility of a better offer for coverage. In this event, the original offer for coverage will no longer be available regardless of the outcome of additional underwriting.
8. Material MIB findings may require further underwriting.
9. Business owners must be in business for a minimum of one year. Business Owner Upgrade or Earned Income Enhancer are not available.
10. Indexed Cost of Living Rider is not available.
11. FPO Rider
    1. The FPO Rider is available if the sum of all in force and applied for IDI benefits together with FPO adheres to guidelines 4 and 5 above.
       
       Example A
       If the base benefit is $2,000 of existing IDI with any carrier,  then $2,000 Simplified Underwriting IDI plus $1,000 FPO is available.
       
       Example B
       There is $3,000 existing IDI with any carrier, including The Standard, and $2,000 Simplified Underwriting IDI is applied for, then no FPO is available. Participation limit is met.
    2. FPO is not available to individuals older than 45.
    3. FPO issued in conjunction with Old Fashioned Underwriting is subject to financial verification at the time the option is requested.
12. Simplified Underwriting is not available to those who have been rated, modified, postponed, declined or issued non-medical individual disability coverage (including guarantee standard issue) by any company, in the past ten years.