11984pp

The Need for Individual Disability Income Insurance A presentation for employers and employees about the impact of disability

Introduction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Financial Strength Ratings for Standard Insurance Company ,[object Object],[object Object],[object Object],[object Object],All rankings are current as of August 2006.

Your Earnings Potential up to Age 65 ,[object Object],[object Object],[object Object],[object Object],Your Annual Earnings (Assumes annual earnings remain constant to age 65.) Your income is your most valuable asset!

If you already have group LTD coverage, additional coverage from The Protector+ can offer significant benefits A typical LTD plan will only replace up to 60% of your take-home salary, potentially reducing it by as much as 45% * After-tax benefits assume 25% tax rate. Just like a regular paycheck, benefits from employer-provided Group LTD plans are generally taxable. 100% 60% 40% 20% 0% 80% Gross Net Salary Group LTD Benefit Gross vs. Net Income (gross less taxes) *

When is Two Better Than One? The Protector+ Can Offer Benefits in Addition to LTD 1. This is a hypothetical situation only. Benefits may vary by individual. Amounts illustrated may not be available. The Protector+ is an individual disability insurance policy issued by The Standard (Policy Form B152) 2. Gross less taxes. After-tax benefits assume 25% tax rate. Percentage of Working Paycheck Group LTD Benefits The Protector+ Benefits 1 Working Paycheck 2 2 2

Protect your dreams ,[object Object],Sick and Broke by Elizabeth Warren, The Washington Post, February 9, 2005, p. A23

Important information you need to know ,[object Object],

Current disability trends ,[object Object],Between 1987 and 1999 deaths from these serious health conditions decreased while disabilities from the same health conditions increased dramatically. + + + + +

How long … *Duration of disability is measured from the start of disability to (at most) age 65. can you expect to be away from work as a result of a long-term disability? … not weeks, not months, but years.

Current causes of disability ,[object Object],Breakdown of diagnoses for The Standard’s disability claims from 1/1/05 to 12/31/05 The conditions listed above do not establish disability. Each claim is evaluated on its own merits and according to the terms of the policy.

Three Aspects of Disability ,[object Object],[object Object],Policy Form No. B152. This is a general description only and is not specific policy language. Contract provisions and availability of certain benefits and riders may vary by state.

Three Aspects of Disability ,[object Object],[object Object],[object Object],[object Object],Policy Form No, B152. This is a general description only and is not specific policy language. Contract provisions and availability of certain benefits and riders may vary by state.

Three Aspects of Disability ,[object Object],[object Object],[object Object],[object Object],Policy Form No. B152. This is a general description only and is not specific policy language. Contract provisions and availability of certain benefits and riders may vary by state.

Benefits of The Protector+ SM ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The policy discussed in this presentation has exclusions and limitations and terms under which the policy may be continued in force or discontinued. For costs and complete details of coverage, contact your Standard Insurance Company representative or The Standard at 800.247.6888. Policy Form No. B152.

Policy Definition of Total Disability/Totally Disabled ,[object Object],[object Object],[object Object],[object Object],This is generic language only. Actual contract provisions and availability of certain benefits and riders may vary by state. Policy Form No. B152. This is not a contract.

Optional Riders ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Actual contract language and availability of certain benefits and riders may vary by state. Riders are available at extra cost. This is not a contract. Policy Form No. B152.

Residual Disability Rider ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],This is generic language only. Actual contract provisions and availability of certain benefits and riders may vary by state. Riders are available at extra cost. This is not a contract. Policy Form No. B152.

Indexed Cost of Living Rider ,[object Object],[object Object],[object Object],This is generic language only. Actual contract provisions and availability of certain benefits and riders may vary by state. Riders are available at extra cost. This is not a contract. Policy Form No. B152.

Supplemental Social Insurance Rider ,[object Object],[object Object],[object Object],This is generic language only. Actual contract provisions and availability of certain benefits and riders may vary by state. Riders are available at extra cost. This is not a contract. Policy Form No. B152.

Future Purchase Option Rider ,[object Object],[object Object],* Increase purchases are allowed only on policy anniversaries falling on or before the rider’s expiration date. This is generic language only. Actual contract provisions and availability of certain benefits and riders may vary by state. Riders are available at extra cost. This is not a contract. Policy Form No. B152.

Noncancelable Rider ,[object Object],[object Object],[object Object],This is generic language only. Actual contract provisions and availability of certain benefits and riders may vary by state. Riders are available at extra cost. This is not a contract. Policy Form No. B152.

Own Occupation Rider ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Not available for all occupation classes This is generic language only. Actual contract provisions and availability of certain benefits and riders may vary by state. Riders are available at extra cost. This is not a contract. Policy Form No. B152.

Mental Disorder/Substance Abuse Limitation ,[object Object],[object Object],This is generic language only. Actual contract provisions and availability of certain benefits and riders may vary by state. Riders are available at extra cost. This is not a contract. Policy Form No. B152.

Catastrophic Disability Benefit Rider ,[object Object],[object Object],This is generic language only. Actual contract provisions and availability of certain benefits and riders may vary by state. Riders are available at extra cost. This is not a contract. Policy Form No. B152.

Exclusions from Coverage ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],This is a general description only and is not specific policy language. Contract provisions and availability of certain benefits and riders may vary by state. This is not a contract. Policy Form No. B152

Exclusions from Coverage (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],This is a general description only and is not specific policy language. Contract provisions and availability of certain benefits and riders may vary by state. This is not a contract. Policy Form No. B152

Miscellaneous Policy Provisions ,[object Object],[object Object],[object Object],[object Object],This is a general description only and is not specific policy language. Contract provisions and availability of certain benefits and riders may vary by state. This is not a contract. Policy Form No. B152

[object Object],[object Object],[object Object],[object Object],[object Object],Aspects of Typical Employer-Provided Group LTD Insurance *except for coverage provided by COBRA

The Protector+ Highlights ,[object Object],[object Object],[object Object],[object Object],[object Object],1 Assumes a Supplemental Social Insurance Rider is not issued 2 Subject to our underwriting practices and limits 3 Benefits are generally tax-free if premium is paid by employee and not reimbursed by employer. See your tax advisor for advice specific to your situation For specific costs and further details of coverage, including exclusions, any reductions or limitations and the terms under which the policy may be continued in force, see your agent or write to Standard Insurance Company at 1100 SW Sixth Avenue, Portland, OR 97204. Policy Form B152

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