The Standard’s Student Loan Rider is now available for more occupations. Starting June 27, the rider will be available to any clients in occupation classes 5A, 5P, 4A, 4P, 4S, 3A, 3P or 3D.
The monthly benefit options will also be more flexible. Applicants can choose a monthly student loan benefit as low as $100, as high as $2,500 for physicians and dentists, and as high as $1,500 for occupation classes 5A, 4A and 3A.
More details on the updates:
- 5A, 4A and 3A occupation classes will be eligible for a minimum of $100 and a maximum of $1,500 monthly in student loan benefits.
- 5P, 4P, 4S, 3P and 3D occupation classes will be eligible for a minimum of $100 and a maximum of $2,500 monthly in student loan benefits.
Advisors may request to add or change the Student Loan Rider for applications in process, approved policies pending delivery and active policies with effective dates on or after May 27, 2018. Requests must be made by July 13, 2018. Click here to see the full transition rules.
Contact Truluma for more information.