The Standard Announces The Following Updates
Effective May 1st:
$8,000 New-in-Practice Limits for All MDs and DOs
The New-in-Practice limits for all MDs and DOs will increase from $7,500 to $8,000. For physician (MD and DO) fellows and final-year residents, limits will increase from $5,000 to $8,000. New medical professionals experience rapid and significant income growth within a short time. These increased limits have been expanded for fellows and final-year residents, allowing them to purchase higher amounts earlier in their career.
| Medical Professional |
Previous Amount |
New Amount |
| New in Practice |
$7,500 |
$8,000 |
| Fellows |
$5,000 |
$8,000 |
| Resident, final year |
$5,000 |
$8,000 |
| Resident, all other years |
$5,000 |
No change |
Occupation Class Upgrades
The Standard has made several updates for banking and real estate occupations, including new 5A criteria in both categories. And many of these new 5A occupations are eligible for our 20% Preferred Occupation Discount, helping you grow your white-collar sales.
Additionally, allergists, immunologists and pulmonologists have also been upgraded to our top 5P medical occupation class. See the tables below for more details on updates.
| Occupation |
Previous Class |
New Class |
| Executives in real estate development, investment and property management with earnings $300,000-plus* |
4A |
5A |
| Mortgage bankers and financial analysts earning $200,000-plus* |
4A |
5A |
| Escrow officers and loan officers earning $200,000-plus* |
3A |
5A |
| Economists without Ph.D. |
4A |
5A |
* 3A and 4A income requirements have been updated for certain occupations within these industries.
Upgrades to 5P Occupations
| Occupation |
Platinum Advantage – Previous Class |
Platinum Advantage – New Class |
Business Equity Protector – New Class |
Business Overhead Protector – New Class |
| Allergist |
4P |
5P |
5A |
5A |
| Immunologist |
4P |
5P |
5A |
5A |
| Pulmonologist |
4P |
5P |
5A |
5A |
Click here for Transition Rules
For more information, please refer to
Standard's IDI Reference Guide.
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