Updated: Simplified
Underwriting Criteria

Simplified Underwriting makes the IDI underwriting process easier for clients, for our sales partners and for The Standard. With Simplified Underwriting, applicants don’t have to provide medical labs or proof of their income — as long as the application meets certain criteria.

To encourage greater use of the Simplified Underwriting program, The Standard has eased the criteria so more applicants can qualify.

• The Standard has increased IDI participation limits to $10,000 for all applicants age 18-50. This means the combined maximum benefit, when taking into account other IDI the applicant may have in place, can be up to $10,000. This is an increase of $4,000 for applicants 45 or younger, and $7,000 for applicants 46-50.   
• The Standard has removed the income-documentation requirement for the Benefit Increase Rider. Before, the applicant had to provide proof of income to add the BIR to a Platinum Advantage policy. The Standard no longer needs income documentation to add the BIR when using Simplified Underwriting.

With these changes, more of your clients can qualify for Simplified Underwriting! You can see these changes in the updated The Standard’s IDI Online Reference Product Guide  and Simplified Underwriting flyer.