Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance > Health Insurance

New individual disability plan includes behavioral health benefits

Your article was successfully shared with the contacts you provided.

Standard Insurance Company says it’s including strong mental disorder and substance abuse benefits as part of the base policy for a new individual disability insurance product.

The base policy of the new Platinum Advantage policy also offers a family care benefit, for policyholders who need to take time away from work to care for a spouse, parent or child with a serious health problem, according to Standard.

Standard says it believes the family care benefit may appeal to consumers “in the sandwich generation,” or those who have both children at home and parents who need hands-on care.

Related: Brokers look to combat ACA with disability sales  

Standard is a unit of Portland, Oregon-based StanCorp Financial Group, Inc.

Meiji Yasuda Life Insurance Co., a Tokyo-based company, acquired StanCorp in March 2016.

The menu of optional riders available with the company’s new disability product includes a noncancelable policy rider, an own-occupation definition benefit rider and a catastrophic disability rider.


Standard Tries Caregiver Benefits

Disability insurers go after younger prospects 

We’re on Facebook, are you?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.