General Announcement

Online Accounts Have Another Layer of Security

Wednesday, January 31, 2018

You'll Be Asked to Update Contact Information and Security Settings

At The Standard, we take information security seriously. We’ve recently begun enhancing our online security system to provide you even more protection against fraud, unauthorized account access and identity theft.

What’s Changed?

Enhancements include a new login page and updating login passwords to meet new requirements.

What’s Next?

You'll be asked to complete the following when you log in:

  • Update your login password to meet the new password requirements (if you haven’t done so already)
  • Provide a valid email address and phone number (if not already on file)
  • Validate your email address by clicking the link sent to address on file (if your address has been on file more than two years)
  • Set up an added layer of security — called two-step verification — which is the best way to keep your account secure. It can protect your account even if someone learns your password.
    • In addition to your name and password, you’ll enter a code that we send to you to verify your access to your account.
    • You will choose how you want to receive that code: by text, phone or email.
    • And, you can choose when we ask for the code — either every time you log in or only when you log in from an unrecognized device.

Need Assistance? We’re Here to Help!

As always, we’re here to help you. If you have questions, please contact us.

 

IRS Announces Indexed Limits for 2017

Thursday, October 27, 2016

The IRS indexed dollar limits to qualified retirement plans for 2017 are provided in the table below. This update is provided for informational purposes and is not intended as legal advice.

ItemIRC Reference2016 Limit2017 Limit
401(k) and 403(b) Employee Deferral Limit1402(g)(1)$18,000$18,000
457 Employee Deferral Limit457(e)(15)$18,000$18,000
Catch-up Contribution2414(v)(2)(B)(i)$6,000$6,000
Defined Contribution Dollar Limit415(c)(1)(A)$53,000$54,000
Defined Benefit Dollar Limit415(b)(1)(A)$210,000$215,000
Compensation Limit3401(a)(17); 404(l)$265,000$270,000
Highly Compensated Employee Income Limit4414(q)(1)(B)$120,000$120,000
Key Employee Officer416(i)(1)(A)(i)$170,000$175,000
Social Security Taxable Wage Base $118,500$127,200

1 Employee deferrals to all 401(k) and 403(b) plans must be aggregated for purposes of this limit. A lower limit applies to SIMPLE plans.

2 Available to employees age 50 or older during the calendar year. A lower limit applies to SIMPLE plans.

3 All compensation from a single employer (including all members of a controlled group) must be aggregated for purposes of this limit.

4 For the 2017 plan year, an employee who earns more than $120,000 in 2016 is an HCE. For the 2018 plan year, an employee who earns more than $120,000 in 2017 is an HCE.

 

More Information

View the flyer for partners and plan sponsors.

View the flyer for distribution to participants.

 

Declared State of Emergency: Illinois

Tuesday, January 5, 2016

Alexander, Calhoun, Cass, Christian, Clinton, Cumberland, Douglas, Iroquois, Jackson, Jersey, Lawrence, Madison, Marion, Menard, Monroe, Morgan, Moultrie, Pike, Randolph, Richland, Sangamon, St. Clair and Vermilion Counties

The Standard acknowledges the declared state of emergency in Illinois, and we will provide an additional 60 days for insureds to respond, transmit funds (including premium payments), or perform an act that otherwise would have been required in the month of December 2015 as it relates to time limits imposed under insurance policies, notices or provisions of law. As a result, The Standard will not cancel or nonrenew a policy or contract of insurance between December 29, 2015 and February 29, 2016. The Standard will re-issue any notice, including notices of cancellation or nonrenewal that was originally issued on or after December 29, 2015. These notices cannot be re-issued before February 29, 2016, and any re-issued notice of cancellation or nonrenewal must comply with Illinois law, including advance notice requirements before effecting cancellation or nonrenewal of coverage.

Illinois consumers can work with the Department of Insurance for filing a complaint regarding any disaster-related dispute or issue. Consumers can call the Department's toll-free complaint hotline at 1-866-445-5364, or file a complaint online at mc.insurance.illinois.gov/messagecenter.nsf.

 

IRS Announces Indexed Limits for 2016

Wednesday, October 21, 2015

The IRS indexed dollar limits to qualified retirement plans for 2016 are provided in the table below. This update is provided for informational purposes to The Standard's retirement plan clients and partners and is not intended as legal advice.

Item IRC Reference 2015 Limit 2016 Limit
401(k) and 403(b) Employee Deferral Limit1 402(g)(1) $18,000 $18,000
457 Employee Deferral Limit 457(e)(15) $18,000 $18,000
Catch-up Contribution2 414(v)(2)(B)(i) $6,000 $6,000
Defined Contribution Dollar Limit 415(c)(1)(A) $53,000 $53,000
Defined Benefit Dollar Limit 415(b)(1)(A) $210,000 $210,000
Compensation Limit3 401(a)(17); 404(l) $265,000 $265,000
Highly Compensated Employee Income Limit4 414(q)(1)(B) $120,000 $120,000
Key Employee Officer 416(i)(1)(A)(i) $170,000 $170,000
Social Security Taxable Wage Base   $118,500 $118,500

1 Employee deferrals to all 401(k) and 403(b) plans must be aggregated for purposes of this limit. A lower limit applies to SIMPLE plans.

2 Available to employees age 50 or older during the calendar year. A lower limit applies to SIMPLE plans.

3 All compensation from a single employer (including all members of a controlled group) must be aggregated for purposes of this limit.

4 For the 2016 plan year, an employee who earns more than $120,000 in 2015 is an HCE. For the 2017 plan year, an employee who earns more than $120,000 in 2016 is an HCE.

 

More Information

View the flyer for partners and plan sponsors.

View the flyer for distribution to participants.

 

StanCorp Financial Group, Inc. Announces Agreement to Be Acquired by Meiji Yasuda Life Insurance Company. Will Become Primary Partner in the U.S. No Changes Anticipated to Our Products, Services or Focus on You

Friday, July 24, 2015

StanCorp Financial Group, Inc. announces agreement to be acquired by Meiji Yasuda Life Insurance Company to become their primary partner in the U.S. There are no anticipated changes to our products, services or focus on you. For more information, please read the full press release.

Also view these documents under Announcements on our Investor Relations website:

  • Investor Presentation
  • StanCorp Factsheet
  • Announcement FAQs
  • Joint Press Release

 

Annuities Rate Announcement For July 1, 2015

Wednesday, July 1, 2015

Index-Rate Annuities : Single Premium : Index Rate Caps

  $15,000 $100,000 Surrender Charges Notes
Index Select Annuity 5 3.50% 4.00% 7,6,5,4,2% MVA During Surrender
Index Select Annuity 7 3.75% 4.25% 7,6,5,4,3,2,1% MVA During Surrender
Index Select Annuity 10 4.00% 4.50% 8,7,6,5,4,3,2,1,0.9% 9-Year Surrender Period
10-Year MVA Period
Index Select Annuity Fixed Interest Account Crediting Rate 1.75%
Index Growth Annuity 5 2.25% 2.75% 8,7,6,4,2%  
Index Growth Annuity 7 2.50% 3.00% 9,8,7,6,5,4,2%  
Index Growth Annuity Fixed Interest Account Crediting Rate 1.00%

 

Fixed-Rate Annuities : Single Premium : Crediting Rates

  $15,000 $100,000 Surrender Charges Notes
Secured Rate Annuity 1
Bailout Years 2-5
Bailout Year 6
2.50% 
1.50% 
1.00%
2.60% 
1.60% 
1.00%
7,7,7,6,5,3% 1.00% First-Year Bonus
Secured Rate Annuity 5 1.50% 1.60% 9,8,7,6,5%  
Secured Rate Annuity 6 1.70% 1.80% 9,8,7,6,5,4%  
  $15,000 $100,000 Surrender Charges Notes
First Rate Annuity 7 3.80% 3.90% 9,8,7,6,5,4,2% 2.00% First-Year Bonus
  $15,000 $100,000 Surrender Charges Notes
Focused Growth Annuity 5 2.40% 2.50% 8,7,6,5,4% MVA During Surrender
Focused Growth Annuity 6 2.50% 2.60% 8,7,6,5,4,3% MVA During Surrender
Focused Growth Annuity 7 2.55% 2.65% 8,7,6,5,4,3,2% MVA During Surrender
Focused Growth Annuity 10 3.00% 3.10% 8,7,6,5,4,3,2,1,0.9% 9-Year Surrender Period
10-Year MVA Period
  $15,000 $100,000 Surrender Charges Notes
Advantage Growth Annuity 5 3.30% 3.40% 7%, 6%, 5%, 4%, 2% 2.00% First-Year Bonus
Advantage Growth Annuity 7 3.55% 3.65% 7%, 6%, 5%, 4%, 3%, 2%, 1% 2.00% First-Year Bonus

 

Fixed-Rate Annuities : Flexible Premium : Crediting Rates

  $5,000 $100,000 Surrender Charges Notes
Principal Growth Annuity 5
Bailout Years 2-5
2.20% 
1.20%
2.30%
1.30%
8,7,6,4,2% 1.00% First-Year Bonus on Each Deposit
Principal Growth Annuity 7
Bailout Years 2-7
2.35% 
1.35%
2.45% 
1.45%
9,8,7,6,5,4,2% 1.00% First-Year Bonus on Each Deposit
Principal Growth Annuity 9
Bailout Years 2-9
2.45% 
1.45%
2.55%
1.55%
9,8,7,6,5,4,3,2,1% 1.00% First-Year Bonus on Each Deposit
  $600/Annual Surrender Charges Notes
Flexible Premium Deferred Annuity 2.00% 9,8,7,6,5,4,3,2,1%  

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1.00%

Current TSA Loan Rate 3.93%

Rate Change

Update 362 for July 1, 2015 rates and approvals. Use Code 070115 for Illustrations. Rates effective July 1, 2015 and subject to change without notice. The 45-day rate lock applies only to initial crediting and cap rates.

Annuities Rate Announcement For June 1, 2015

Monday, June 1, 2015

Index-Rate Annuities : Single Premium : Index Rate Caps

  $15,000 $100,000 Surrender Charges Notes
Index Select Annuity 5 3.50% 4.00% 7,6,5,4,2% MVA During Surrender
Index Select Annuity 7 3.75% 4.25% 7,6,5,4,3,2,1% MVA During Surrender
Index Select Annuity 10 4.00% 4.50% 8,7,6,5,4,3,2,1,0.9% 9-Year Surrender Period
10-Year MVA Period
Index Select Annuity Fixed Interest Account Crediting Rate 1.75%
Index Growth Annuity 5 2.25% 2.75% 8,7,6,4,2%  
Index Growth Annuity 7 2.50% 3.00% 9,8,7,6,5,4,2%  
Index Growth Annuity Fixed Interest Account Crediting Rate 1.00%

 

Fixed-Rate Annuities : Single Premium : Crediting Rates

  $15,000 $100,000 Surrender Charges Notes
Secured Rate Annuity 1
Bailout Years 2-5
Bailout Year 6
2.50% 
1.50% 
1.00%
2.60% 
1.60% 
1.00%
7,7,7,6,5,3% 1.00% First-Year Bonus
Secured Rate Annuity 5 1.50% 1.60% 9,8,7,6,5%  
Secured Rate Annuity 6 1.70% 1.80% 9,8,7,6,5,4%  
  $15,000 $100,000 Surrender Charges Notes
First Rate Annuity 7 3.80% 3.90% 9,8,7,6,5,4,2% 2.00% First-Year Bonus
  $15,000 $100,000 Surrender Charges Notes
Focused Growth Annuity 5 2.25% 2.35% 8,7,6,5,4% MVA During Surrender
Focused Growth Annuity 6 2.40% 2.50% 8,7,6,5,4,3% MVA During Surrender
Focused Growth Annuity 7 2.50% 2.60% 8,7,6,5,4,3,2% MVA During Surrender
Focused Growth Annuity 10 3.00% 3.10% 8,7,6,5,4,3,2,1,0.9% 9-Year Surrender Period
10-Year MVA Period
  $15,000 $100,000 Surrender Charges Notes
Advantage Growth Annuity 5 3.30% 3.40% 7%, 6%, 5%, 4%, 2% 2.00% First-Year Bonus
Advantage Growth Annuity 7 3.55% 3.65% 7%, 6%, 5%, 4%, 3%, 2%, 1% 2.00% First-Year Bonus

 

Fixed-Rate Annuities : Flexible Premium : Crediting Rates

  $5,000 $100,000 Surrender Charges Notes
Principal Growth Annuity 5
Bailout Years 2-5
2.20% 
1.20%
2.30%
1.30%
8,7,6,4,2% 1.00% First-Year Bonus on Each Deposit
Principal Growth Annuity 7
Bailout Years 2-7
2.35% 
1.35%
2.45% 
1.45%
9,8,7,6,5,4,2% 1.00% First-Year Bonus on Each Deposit
Principal Growth Annuity 9
Bailout Years 2-9
2.45% 
1.45%
2.55%
1.55%
9,8,7,6,5,4,3,2,1% 1.00% First-Year Bonus on Each Deposit
  $600/Annual Surrender Charges Notes
Flexible Premium Deferred Annuity 2.00% 9,8,7,6,5,4,3,2,1%  

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1.00%

Current TSA Loan Rate 3.93%

Rate Change

Update 361 for June 1, 2015 rates and approvals. Use Code 060115 for Illustrations. Rates effective June 1, 2015 and subject to change without notice. The 45-day rate lock applies only to initial crediting and cap rates.