Life insurance through The Standard offers peace of mind by providing financial protection to your loved ones in case of your death.
If you have family members who depend on you for financial support, this benefit can protect them and help them through an otherwise difficult time of loss.
We provide basic life and accidental death & dismemberment (AD&D) insurance coverage of 1.5 times your base salary, up to a maximum of $1,000,000, at no cost to you. With AD&D, a percentage of your benefit is payable to you in case of a severe injury as a result of a covered accident. The percent of benefit depends on the severity of the injury. These benefits reduce by 25% at age 70 and 50% at age 75.
View additional life insurance information below and estimate your needs using this tool from The Standard.
You may buy more life insurance coverage through payroll deductions. If you buy coverage for yourself, you may also buy coverage for your dependents (if applicable). Estimate your needs using this tool from The Standard.
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For Yourself |
For Your Spouse |
For Your Child(ren) |
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Choose 1x or 2x times your base salary up to a maximum of $1,000,000. The Guaranteed Issue amount is $550,000. As with basic life insurance, your benefit reduces by 25% at age 70 and 50% at age 75. |
Choose one of these options:
The Guaranteed Issue amount is $50,000. |
Elect $10,000 for children between age 6 months and age 19 (26 if full-time student). A reduced benefit is payable for children less than six months old |
It is important to review and update your beneficiaries annually in addition to during life events such as marriage, birth of a child, death, etc. Complete the steps outlined in the checklist below to ensure that your loved ones are taken care of in the case of your death, an already difficult time.
401(k) and ESOP
Company Paid / Voluntary Life Insurance
Health Savings Account
Applicable to individuals enrolled in Anthem’s HSA
SMP’s partnership with The Standard does more than protect your family from financial hardship after a loss. From planning for life’s big decisions to accessing support during travel or times of crisis, you have a range of services and resources designed to support you and your family every step of the way. Visit standard.com/mytoolkit to explore additional resources available to you.
Contacts and Resources
If your life and AD&D coverage ends because your employment is terminated or membership in an eligible class is terminated, you can convert to an individual policy. You must apply for the conversion policy and pay the first premium payment within 31 days after your group coverage ends.
Evidence of Insurability
Evidence of Insurability (EOI) is a medical questionnaire to decide whether an applicant will be approved for coverage. If enrolling in supplemental life coverage, The Standard may need EOI before some or all of your coverage is effective.
You will have to answer health questions if:
Legal Notice
The general information contained in this summary does not address all requirements of the Plans and complete information is contained in the office Plan documents. If this summary differs from the terms and provisions of the official Plan documents, the official Plan documents will govern and control. The applicable Plan documents govern the determination of your benefit, and no communication, oral or written, shall alter your benefit. Standard Motor Products reserves the right to amend, suspend or terminate its Plans at any time, in whole or in part. Participation in these Plans is not an offer or guarantee of employment. Review these Required Notices for information about your rights and protections, privacy, and more.