General Announcement

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.

Click here for more details around each of these steps.

Need Assistance? We’re Here to Help!

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

 

News Category: 
Monday, November 6, 2017

 

2

Update Password

3

Set Up 2-Step Verification

If you haven’t changed your password in a while, you will be asked to update your password to meet new security requirements when logging in. A password strength meter and list of requirements will guide you through this process.

Why Are We Doing This?

At The Standard, we take information security seriously.  This is part of a series of online security enhancements that will provide you even more protection against fraud, unauthorized account access and identity theft.

What You Can Expect Going Forward

Updating your account now allows The Standard to streamline future security features starting later this year. Watch for more information as the year progresses.

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

 

News Category: 
Saturday, October 21, 2017

We have a new look to our login page. This is the first in a series of online security enhancements we will be rolling out over the next few months.

Previous Login Page

New Login Page

Why Are We Doing This?

These security updates to our online systems will provide you even more protection against fraud, unauthorized account access and identity theft. They’re part of our ongoing effort to keep your account with us as secure as possible.

What You Can Expect Going Forward

  • Watch for more updates as the year progresses.
  • There will be times when you’ll be asked to make sure your personal information is up to date. We’ll notify you if you need to take any action at that time.

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

 

News Category: 
Thursday, October 19, 2017

The IRS indexed dollar limits to qualified retirement plans for 2018 are provided in the table below. This update is provided for informational purposes and is not intended as legal advice.

ItemIRC Reference2017 Limit2018 Limit
401(k) and 403(b) Employee Deferral Limit1402(g)(1)$18,000$18,500
457 Employee Deferral Limit457(e)(15)$18,000$18,500
Catch-up Contribution2414(v)(2)(B)(i)$6,000$6,000
Defined Contribution Dollar Limit415(c)(1)(A)$54,000$55,000
Defined Benefit Dollar Limit415(b)(1)(A)$215,000$220,000
Compensation Limit3401(a)(17); 404(l)$270,000$275,000
Highly Compensated Employee Income Limit4414(q)(1)(B)$120,000$120,000
Key Employee Officer416(i)(1)(A)(i)$175,000$175,000
Social Security Taxable Wage Base $127,200$128,4005

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 2018 plan year, an employee who earns more than $120,000 in 2017 is an HCE. For the 2019 plan year, an employee who earns more than $120,000 in 2018 is an HCE.

5 The Social Security Administration changed the 2018 taxable wage base amount from $128,700 to $128,400 on Nov. 27, 2017.

 

More Information

View the flyer for partners and plan sponsors.

View the flyer for distribution to participants.

 

News Category: 
Monday, September 11, 2017

With Hurricane Irma impacting customers in Florida and neighboring states and Hurricane Harvey continuing to impact our customers in Texas, we recognize that many people may be struggling to cope.

We’re taking immediate actions to ensure that our customers and their employees are supported and covered.

For Our Customers

The Standard is modifying some of its operating procedures to give our customers the time they need to recover. As a result, the following changes are effective immediately: 

  • No lapse notices will be issued to affected customers: We will not issue any lapse notices for at least the next 60 days. We'll also work with our customers to extend the typical grace period for payment when appropriate.
  • Additional claims administration support: We'll partner with our customers to help administer their claims. The Standard will help affected customers by extending dates for back-up documentation and create special payment arrangements as necessary.
  • Onsite Trauma Support: Our Employee Assistance partner, Morneau Shepell, is providing onsite trauma support services for both EAP and non-EAP customers (at the EAP rate). If you would like to learn more about this service, contact your account manager at the number below or Morneau Shepell directly at 888.293.6948.

For help contacting your account manager, call 800.633.8575.

For Employees

We want to do everything we can to help make sure you receive your claim payment as quickly as possible, even if services are disrupted in your area. We also want to remind you of additional resources available to you and your family that can help you through this event.  Here’s what we’re doing:

  • Paying claims: We will work with customers who need our help by using alternate payment methods until disaster-related interruptions to postal and other services are resolved.
  • Providing additional support services: Your group benefits from The Standard may include these helpful services: Employee Assistance Program, Health Advocacy Solutions, Travel Assistance and our Life Services Toolkit.

You can receive help accessing your EAP services by calling 888.293.6948.

Crisis Support Line Now Open

We know our customers — and our communities — are in need of additional emotional support during this time so we’ve launched a Crisis Support Line to help them. It’s available to anyone who needs professional emotional support and/or a referral to community resources. 

The Crisis Support Line is open 24/7 and can be reached by calling 877.757.7587.

We're Here to Help You Focus On What Matters Most

We want you to know that The Standard cares about helping you recover from this unprecedented event. That’s why we’re here — to give you the peace of mind that you're covered. 

 

Friday, July 21, 2017

Charitable giving can be a strong employee engagement tool. Read how The Standard and its employees are supporting community organizations in the Employee Benefit News article, Charitable Giving Builds Strong Ties Between Employer, Community.

 

Thursday, July 20, 2017

Cook, Kane, Lake and McHenry Counties

The Standard acknowledges the flooding disaster in Illinois, and we will implement the following measures immediately.

We will withdraw any cancellation or nonrenewal notice issued on or after July 12, 2017, on any in-force policy issued to an affected policyholder. In addition, we will not issue any new cancellation or nonrenewal notices to affected policyholders until Sept. 30, 2017, or a later time if deemed reasonable.

We will grant affected policyholders an extension of any and all policy provisions or other requirements that impose a time limit for an insured or claimant to perform any act, including the submission of a claim or proof of loss, reporting of information, submission of bills or payment of funds. Such extension shall be for a minimum of 60 days from the last date allowed or required under the terms of the contract or allowed or required by the insurer, or longer if deemed reasonable.

We will consider exceptions to policy or contract requirements, or to other rating or underwriting rules not otherwise listed herein, when such contractual requirements or rating or underwriting rules are not met as a result of this disaster.

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.

 

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.

 

News Category: 
Tuesday, February 16, 2016

The Standard is mentioned as one of the carriers in the Employee Benefit Adviser article, “Top 10 STD Carriers in the Large-Group Market” (accessed Feb. 16, 2016). Revealed in descending order, the listing is based on Form 5500 Schedule A reporting data on premiums as of Dec. 31, 2015.

 

News Category: 
Friday, January 29, 2016

The Standard is mentioned as one of the carriers in the Employee Benefit Adviser article, “Top Grossing LTD Carriers in the Large-Group Market” (accessed Jan. 29, 2016). The listing is based on Form 5500 Schedule A reporting data on premiums as of Dec. 31, 2015.

 

News Category: 
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.

 

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.

 

News Category: 
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

 

Thursday, October 23, 2014

The IRS indexed dollar limits to qualified retirement plans for 2015 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 2014 Limit 2015 Limit
401(k) and 403(b) Employee Deferral Limit1 402(g)(1) $17,500 $18,000
457 Employee Deferral Limit 457(e)(15) $17,500 $18,000
Catch-up Contribution2 414(v)(2)(B)(i) $5,500 $6,000
Defined Contribution Dollar Limit 415(c)(1)(A) $52,000 $53,000
Defined Benefit Dollar Limit 415(b)(1)(A) $210,000 $210,000
Compensation Limit3 401(a)(17); 404(l) $260,000 $265,000
Highly Compensated Employee Income Limit4 414(q)(1)(B) $115,000 $120,000
Key Employee Officer 416(i)(1)(A)(i) $170,000 $170,000
Social Security Taxable Wage Base   $117,000 $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 2015 plan year, an employee who earns more than $115,000 in 2014 is an HCE. For the 2016 plan year, an employee who earns more than $120,000 in 2015 is an HCE.

 

More Information

View the flyer for partners and plan sponsors.

View the flyer for distribution to participants.

 

News Category: 
Friday, September 26, 2014

A new vulnerability, dubbed Shellshock, was recently discovered in computer networks and websites that rely on the Unix and Linux operating systems.

Company servers began receiving patches against the Shellshock vulnerability on Sept. 25, and we are applying additional patches as they become available. We continue to work with our business partners and other hosted service providers to obtain assurances that they are properly patched. While our systems are secure and fully operational, we'll continue to monitor this still-developing situation and respond promptly to ensure the safety of our systems and customer information.

 

News Category: 
Thursday, April 10, 2014

Media sources have reported on a major vulnerability in the encryption technology used by millions of websites, dubbed "Heartbleed."

Applications hosted and managed by The Standard containing customer information, including PlanNet and Personal Savings Center, have been reviewed by security experts and are not at risk. The Standard is working with its business partners and other hosted services to obtain the same assurances.

 

News Category: 
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.

News Category: 
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.

News Category: 
Wednesday, April 1, 2015

Index-Rate Annuities : Single Premium : Index Rate Caps

  $15,000 $100,000 Surrender Charges Notes
Index Select Annuity 5 3.00% 3.50% 7,6,5,4,2% MVA During Surrender
Index Select Annuity 7 3.25% 4.00% 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 2.00% 2.40% 8,7,6,4,2%  
Index Growth Annuity 7 2.25% 2.75% 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 2.10% 2.20% 8,7,6,5,4% MVA During Surrender
Focused Growth Annuity 6 2.30% 2.40% 8,7,6,5,4,3% MVA During Surrender
Focused Growth Annuity 7 2.40% 2.50% 8,7,6,5,4,3,2% MVA During Surrender
Focused Growth Annuity 10 2.65% 2.75% 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 359 for April 1, 2015 rates and approvals. Use Code 040115 for Illustrations. Rates effective April 1, 2015 and subject to change without notice. The 45-day rate lock applies only to initial crediting and cap rates.

News Category: 
Sunday, March 1, 2015

Index-Rate Annuities : Single Premium : Index Rate Caps

  $15,000 $100,000 Surrender Charges Notes
Index Select Annuity 5 3.50% 3.75% 7,6,5,4,2% MVA During Surrender
Index Select Annuity 7 3.50% 4.50% 7,6,5,4,3,2,1% MVA During Surrender
Index Select Annuity 10 4.40% 5.00% 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 3.00% 3.50% 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
2.65% 
1.65% 
1.00%
2.75% 
1.75% 
1.00%
7,7,7,6,5,3% 1.00% First-Year Bonus
Secured Rate Annuity 5 1.70% 1.8% 9,8,7,6,5%  
Secured Rate Annuity 6 1.85% 1.95% 9,8,7,6,5,4%  
  $15,000 $100,000 Surrender Charges Notes
First Rate Annuity 7 4.00% 4.10% 9,8,7,6,5,4,2% 2.00% First-Year Bonus
  $15,000 $100,000 Surrender Charges Notes
Focused Growth Annuity 5 2.15% 2.25% 8,7,6,5,4% MVA During Surrender
Focused Growth Annuity 6 2.35% 2.45% 8,7,6,5,4,3% MVA During Surrender
Focused Growth Annuity 7 2.45% 2.55% 8,7,6,5,4,3,2% MVA During Surrender
Focused Growth Annuity 10 2.90% 3.00% 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 3.45% 3.55% 7%, 6%, 5%, 4%, 2% 2.00% First-Year Bonus
Advantage Growth Annuity 7 3.70% 3.80% 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
2.40% 
1.40%
2.50%
1.50%
8,7,6,4,2% 1.00% First-Year Bonus on Each Deposit
Principal Growth Annuity 7
Bailout Years 2-7
2.55% 
1.55%
2.65% 
1.65%
9,8,7,6,5,4,2% 1.00% First-Year Bonus on Each Deposit
Principal Growth Annuity 9
Bailout Years 2-9
2.65% 
1.65%
2.75%
1.75%
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 2.15% 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 4.28%

Rate Change

Update 357 for March 1, 2015 rates and approvals. Use Code 030115 for Illustrations. Rates effective March 1, 2015 and subject to change without notice. The 45-day rate lock applies only to initial crediting and cap rates.

News Category: 
Sunday, February 1, 2015

Index-Rate Annuities : Single Premium : Index Rate Caps

  $15,000 $100,000 Surrender Charges Notes
Index Select Annuity 5 3.30% 3.60% 7,6,5,4,2% MVA During Surrender
Index Select Annuity 7 3.40% 4.00% 7,6,5,4,3,2,1% MVA During Surrender
Index Select Annuity 10 4.25% 4.60% 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 2.10% 2.60% 8,7,6,4,2%  
Index Growth Annuity 7 2.90% 3.35% 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
2.55% 
1.55% 
1.00%
2.65% 
1.65% 
1.00%
7,7,7,6,5,3% 1.00% First-Year Bonus
Secured Rate Annuity 5 1.55% 1.65% 9,8,7,6,5%  
Secured Rate Annuity 6 1.75% 1.85% 9,8,7,6,5,4%  
  $15,000 $100,000 Surrender Charges Notes
First Rate Annuity 7 3.85% 3.95% 9,8,7,6,5,4,2% 2.00% First-Year Bonus
  $15,000 $100,000 Surrender Charges Notes
Focused Growth Annuity 5 2.05% 2.15% 8,7,6,5,4% MVA During Surrender
Focused Growth Annuity 6 2.25% 2.35% 8,7,6,5,4,3% MVA During Surrender
Focused Growth Annuity 7 2.40% 2.50% 8,7,6,5,4,3,2% MVA During Surrender
Focused Growth Annuity 10 2.80% 2.90% 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 3.60% 3.70% 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
2.30% 
1.30%
2.40%
1.40%
8,7,6,4,2% 1.00% First-Year Bonus on Each Deposit
Principal Growth Annuity 7
Bailout Years 2-7
2.45% 
1.45%
2.55% 
1.55%
9,8,7,6,5,4,2% 1.00% First-Year Bonus on Each Deposit
Principal Growth Annuity 9
Bailout Years 2-9
2.55% 
1.55%
2.65%
1.65%
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 2.05% 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 4.28%

Rate Change

Update 356 for February 1, 2015 rates and approvals. Use Code 123114 for Illustrations. Rates effective February 1, 2015 and subject to change without notice. The 45-day rate lock applies only to initial crediting and cap rates.

News Category: 
Tuesday, July 1, 2014

Index-Rate Annuities : Single Premium : Index Rate Caps

  $15,000 $100,000 Surrender Charges Notes
Index Select Annuity 5 3.75% 4.75% 7,6,5,4,2% MVA During Surrender
Index Select Annuity 7 4.15% 5.00% 7,6,5,4,3,2,1% MVA During Surrender
Index Select Annuity 10 5.05% 5.30% 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 2.20% 3.00% 8,7,6,4,2%  
Index Growth Annuity 7 3.25% 4.00% 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
2.65% 

1.65% 

1.00%
2.75% 

1.75% 

1.00%
7,7,7,6,5,3% 1.00% First-Year Bonus
Secured Rate Annuity 5 1.65% 1.75% 9,8,7,6,5%  
Secured Rate Annuity 6 1.9% 2.00% 9,8,7,6,5,4%  
  $15,000 $100,000 Surrender Charges Notes
First Rate Annuity 7 4.00% 4.10% 9,8,7,6,5,4,2% 2.00% First-Year Bonus
  $15,000 $100,000 Surrender Charges Notes
Focused Growth Annuity 5 2.20% 2.30% 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 2.60% 2.70% 8,7,6,5,4,3,2% MVA During Surrender
Focused Growth Annuity 10 2.80% 2.90% 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 3.45% 3.55% 7%, 6%, 5%, 4%, 2% 2.00% First-Year Bonus
Advantage Growth Annuity 7 3.85% 3.95% 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
2.40% 

1.40%
2.50%

1.50%
8,7,6,4,2% 1.00% First-Year Bonus on Each Deposit
Principal Growth Annuity 7

Bailout Years 2-7
2.55% 

1.55%
2.65% 

1.65%
9,8,7,6,5,4,2% 1.00% First-Year Bonus on Each Deposit
Principal Growth Annuity 9

Bailout Years 2-9
2.65% 

1.65%
2.75%

1.75%
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 2.15% 9,8,7,6,5,4,3,2,1%  

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1%

Current TSA Loan Rate 4.38%

Rate Change

Update 344 for July 1, 2014 rates and approvals. Use Code 070114 for Illustrations. Rates effective July 1, 2014 and subject to change without notice. The 45-day rate lock applies only to initial crediting and cap rates.

News Category: 
Thursday, May 1, 2014

Index-Rate Annuities : Single Premium : Index Rate Caps

  $15,000 $100,000 Surrender Charges Notes
Index Growth Annuity 5 2.00% 2.25% 8,7,6,4,2%  
Index Growth Annuity 7 2.50% 3.00% 9,8,7,6,5,4,2%  
Index Select Annuity 5 3.20% 3.80% 7,6,5,4,2% MVA During Surrender
Index Select Annuity 7 3.45% 4.10% 7,6,5,4,3,2,1% MVA During Surrender
Index Select Annuity 10 4.65% 5.20% 8,7,6,5,4,3,2,1,0.9% 9-Year Surrender Period
10-Year MVA Period
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
2.40% 
1.40% 
1.00%
2.50% 
1.50% 
1.00%
7,7,7,6,5,3% 1.00% First-Year Bonus
Secured Rate Annuity 5 1.35% 1.45% 9,8,7,6,5%  
Secured Rate Annuity 6 1.65% 1.75% 9,8,7,6,5,4%  
  $15,000 $100,000 Surrender Charges Notes
First Rate Annuity 7 3.75% 3.85% 9,8,7,6,5,4,2% 2.00% First-Year Bonus
  $15,000 $100,000 Surrender Charges Notes
Focused Growth Annuity 5 1.90% 2.00% 8,7,6,5,4% MVA During Surrender
Focused Growth Annuity 6 2.20% 2.30% 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 2.75% 2.85% 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 3.20% 3.30% 7%, 6%, 5%, 4%, 2% 2.00% First-Year Bonus
Advantage Growth Annuity 7 3.65% 3.75% 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
2.10% 
1.10%
2.20%
1.30%
8,7,6,4,2% 1.00% First-Year Bonus on Each Deposit
Principal Growth Annuity 7
Bailout Years 2-7
2.30% 
1.30%
2.40% 
1.40%
9,8,7,6,5,4,2% 1.00% First-Year Bonus on Each Deposit
Principal Growth Annuity 9
Bailout Years 2-9
2.40% 
1.40%
2.50%
1.50%
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 1.95% 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 4.68%

Rate Change

Update 343 for May 1, 2014 rates and approvals. Use Code 050114 for Illustrations. Rates effective May 1, 2014 and subject to change without notice. The 45-day rate lock applies only to initial crediting and cap rates.

News Category: 
Tuesday, April 1, 2014

 

Index-Rate Annuities : Single Premium : Index Rate Caps

  $15,000 $100,000 Surrender Charges Notes
Index Growth Annuity 5 2.00% 2.30% 8,7,6,4,2%  
Index Growth Annuity 7 2.65% 3.05% 9,8,7,6,5,4,2%  
Index Select Annuity 5 3.50% 4.10% 7,6,5,4,2% MVA During Surrender
Index Select Annuity 7 3.70% 4.35% 7,6,5,4,3,2,1% MVA During Surrender
Index Select Annuity 10 5.25% 5.75% 8,7,6,5,4,3,2,1,0.9% 9-Year Surrender Period
10-Year MVA Period
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% 
1.45% 
1.00%
2.60% 
1.60% 
1.00%
7,7,7,6,5,3% 1.00% First-Year Bonus
Secured Rate Annuity 5 1.45% 1.55% 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 3.85% 3.95% 9,8,7,6,5,4,2% 2.00% First-Year Bonus
  $15,000 $100,000 Surrender Charges Notes
Focused Growth Annuity 5 2.00% 2.10% 8,7,6,5,4% MVA During Surrender
Focused Growth Annuity 6 2.30% 2.40% 8,7,6,5,4,3% MVA During Surrender
Focused Growth Annuity 7 2.65% 2.75% 8,7,6,5,4,3,2% MVA During Surrender
Focused Growth Annuity 10 2.95% 3.05% 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 3.75% 3.85% 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
2.40% 
1.20%
2.50% 
1.50%
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%

Current TSA Loan Rate 4.62%

Rate Change

Update 341 for April 1, 2014 rates and approvals. Use Code 010114 for Illustrations. Rates effective April 1, 2014 and subject to change without notice. The 45-day rate lock applies only to initial crediting and cap rates.

News Category: 
Saturday, February 22, 2014

The next generation of standard.com has launched, bringing faster, more intuitive navigation and a mobile-friendly design.

Explore The Enhancements

In addition to the friendlier look and feel, you may have also noticed the following enhancements:

Fast, Intuitive Navigation

The Log In button is now more prominently displayed in the upper-right corner, and enhanced menus help you find and navigate to information on the site more quickly.

Mobile-friendly Design

The site now adapts to the size of your screen so that it's always easy to read and navigate, whether it's viewed on a smart phone, tablet or computer.

Tailored Experience

On your first visit, a welcome screen helps you easily tailor your experience based on your relationship with The Standard. The site remembers this relationship for future visits and allows you to change your setting at any time.

Still Haven't Found What You're Looking For?

The information and functionality you found on the previous site are still available; however, many pages have new addresses, which may make your existing bookmarks obsolete.

Use the updated menus or improved Search function to quickly find the information you want, and remember to update your bookmarks accordingly.

 

News Category: 
Monday, January 13, 2014

Standard Insurance Company now offers three additional benefits to California employers to address the needs of severely disabled employees. Offered as optional enhancements to Group Long Term Disability (LTD) coverage, these benefits provide additional protection when employees need it most.

Assisted Living Benefit

The Assisted Living Benefit provides added income to employees with severe disabilities. Employers may choose to increase income replacement to 80 percent of insured predisability earnings, subject to the lesser of the plan maximum or $5,000. The additional benefits paid are not reduced by deductible income.

Housing Assistance Benefit

For an employee who is unable to work due to disability, it can be particularly challenging to pay the mortgage or rent. Under the Housing Assistance Benefit, employees with severe disabilities will receive an additional 25 percent of insured predisability earnings in addition to their LTD benefit, subject to the lesser of the plan maximum or $5,000.

Lifetime Security Benefit

Employees with disabilities often struggle to adequately save for retirement. The Standard offers the Lifetime Security Benefit to help address this gap by extending LTD benefits beyond the regular Maximum Benefit Period for the severely disabled.

The Lifetime Security Benefit may be offered in conjunction with either the Assisted Living Benefit or the Housing Assistance Benefit.

Qualifications

These additional benefits are available to an eligible employee who is receiving LTD benefits and is suffering from a condition that meets one of the following requirements and is expected to last 90 days or more:

  • The employee has been confined to a nursing home or residential care facility for 30 days,1 or
  • The employee requires substantial supervision for health or safety due to severe cognitive impairment

The Standard’s additional benefits for the severely disabled provide employers a way to support their employees, offering protection at a time when they need it most.

1 Actual period of time may be shorter or longer depending on plan design.

News Category: 
Thursday, October 18, 2012

IRS Announces Indexed Limits For 2013

The IRS indexed dollar limits to qualified retirement plans for 2013 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 2012 Limit 2013 Limit
401(k) and 403(b) Employee Deferral Limit1 402(g)(1) $17,000 $17,500
457 Employee Deferral Limit 457(e)(15) $17,000 $17,500
Catch-up Contribution2 414(v)(2)(B)(i) $5,500 $5,500
Defined Contribution Dollar Limit 415(c)(1)(A) $50,000 $51,000
Defined Benefit Dollar Limit 415(b)(1)(A) $200,000 $205,000
Compensation Limit3 401(a)(17); 404(l) $250,000 $255,000
Highly Compensated Employee Income Limit4 414(q)(1)(B) $115,000 $115,000
Key Employee Officer 416(i)(1)(A)(i) $165,000 $165,000
Social Security Taxable Wage Base   $110,100 $113,700

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 2013 plan year, an employee who earned more than $115,000 in 2012 is an HCE. For the 2014 plan year, an employee who earns more than $115,000 in 2013 is an HCE.

 

More Information

View the flyer for partners and plan sponsors.

View the flyer for distribution to participants.

 

News Category: 
Tuesday, December 31, 2013

Index-Rate Annuities : Single Premium : Index Rate Caps

 $15,000$100,000Surrender ChargesNotes
Index Growth Annuity 52.00%2.30%8,7,6,4,2% 
Index Growth Annuity 72.65%3.05%9,8,7,6,5,4,2% 
Index Select Annuity 53.50%4.10%7,6,5,4,2%MVA During Surrender
Index Select Annuity 73.70%4.35%7,6,5,4,3,2,1%MVA During Surrender
Index Select Annuity 105.25%5.00%8,7,6,5,4,3,2,1,0.9%9-Year Surrender Period
10-Year MVA Period
Fixed Interest Account Crediting Rate1.00% 

 

Fixed-Rate Annuities : Single Premium : Crediting Rates

 $15,000$100,000Surrender ChargesNotes
Secured Rate Annuity 1
Bailout Years 2-5
Bailout Year 6
2.65% 
1.65% 
1.00%
2.75% 
1.75% 
1.00%
7,7,7,6,5,3%1.00% First-Year Bonus
Secured Rate Annuity 51.65%1.75%9,8,7,6,5% 
Secured Rate Annuity 61.85%1.95%9,8,7,6,5,4% 
 $15,000$100,000Surrender ChargesNotes
First Rate Annuity 74.00%4.10%9,8,7,6,5,4,2%2.00% First-Year Bonus
 $15,000$100,000Surrender ChargesNotes
Focused Growth Annuity 52.40%2.50%8,7,6,5,4%MVA During Surrender
Focused Growth Annuity 62.45%2.55%8,7,6,5,4,3%MVA During Surrender
Focused Growth Annuity 72.65%2.75%8,7,6,5,4,3,2%MVA During Surrender
Focused Growth Annuity 102.80%2.90%8,7,6,5,4,3,2,1,0.9%9-Year Surrender Period
10-Year MVA Period
 $15,000$100,000Surrender ChargesNotes
Advantage Growth Annuity 53.50%3.60%7%, 6%, 5%, 4%, 2%2.00% First-Year Bonus
Advantage Growth Annuity 73.85%3.60%7%, 6%, 5%, 4%, 3%, 2%, 1%2.00% First-Year Bonus

 

Fixed-Rate Annuities : Flexible Premium : Crediting Rates

 $5,000$100,000Surrender ChargesNotes
Principal Growth Annuity 5
Bailout Years 2-5
2.40% 
1.40%
2.50%
1.50%
8,7,6,4,2%1.00% First-Year Bonus on Each Deposit
Principal Growth Annuity 7
Bailout Years 2-7
2.55% 
1.55%
2.65% 
1.65%
9,8,7,6,5,4,2%1.00% First-Year Bonus on Each Deposit
Principal Growth Annuity 9
Bailout Years 2-9
2.65% 
1.65%
2.75%
1.75%
9,8,7,6,5,4,3,2,1%1.00% First-Year Bonus on Each Deposit
 $600/AnnualSurrender ChargesNotes
Flexible Premium Deferred Annuity2.20%9,8,7,6,5,4,3,2,1% 

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1%

Current TSA Loan Rate 4.23%

Rate Change

Update 334 for January 1, 2014 rates and approvals. Use Code 011014 for Illustrations. Rates effective January 1, 2014 and subject to change without notice. The 45-day rate lock applies only to initial crediting and cap rates.

News Category: 
Monday, December 2, 2013

Annuities Rate Announcement For December 2, 2013

INDEX-RATE ANNUITIES : SINGLE PREMIUM : RATE CAPS
 $15,000$100,000
Index Growth Annuity 52.00%2.30%
Index Growth Annuity 72.65%3.05%
Index Select Annuity 53.50%4.10%
Index Select Annuity 73.70%4.35%
Index Select Annuity 104.75%5.00%
Fixed Interest Account Crediting Rate1.00% 
FIXED-RATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
 $15,000$100,000
Secured Rate Annuity 1*2.50%2.60%
Secured Rate Annuity 51.45%1.55%
Secured Rate Annuity 61.70%1.80%
 $15,000$100,000
First Rate Annuity 7*3.85%3.95%
 $15,000$100,000
Focused Growth Annuity 52.15%2.25%
Focused Growth Annuity 62.30%2.40%
Focused Growth Annuity 72.65%2.75%
Focused Growth Annuity 102.80%2.90%
 $15,000$100,000
Advantage Growth Annuity 53.30%3.40%
Advantage Growth Annuity 73.75%3.85%
FIXED-RATE ANNUITIES : FLEXIBLE PREMIUM : CREDITING RATES
 $5,000$100,000
Principal Growth Annuity 5*2.20%2.30%
Principal Growth Annuity 7*2.40%2.50%
Principal Growth Annuity 9*2.45%2.55%
 $600 initial annual 
Flexible Premium Deferred Annuity2.00% 
IMMEDIATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
Tailored Income Annuity and Stable Income Annuity
  • Rate Change
  • Use code 120213 for illustrations.
  • Get 332 for December 2, 2013 rates and approvals.

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1.00%

Current TSA Loan Rate 4.89%

* The SRA 1 credits 1.00% bonus in the first year of deposit.
  The FRA 7 credits 2.00% bonus in the first year of deposit.
  The PGA 5, 7 and 9 credit 1.00% bonus in the first year of deposit.

“Standard & Poor’s 500” and “S&P 500®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Standard Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product.

Products of Standard Insurance Company. Policies # SRA, SRA-B, SPDA, SPDA-IA, FPDA and SPIA. The FGA includes an MVA. Product availability varies by state. The Life Income Commutation feature is not available in PA, TX or WA. The nursing home waiver is not available in MA. State specific conditions apply to the terminal condition waiver.

Rates effective December 2, 2013 and subject to change without notice. Product Availability varies by state.

 

News Category: 
Thursday, October 31, 2013

The IRS indexed dollar limits to qualified retirement plans for 2014 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 2013 Limit 2014 Limit
401(k) and 403(b) Employee Deferral Limit1 402(g)(1) $17,500 $17,500
457 Employee Deferral Limit 457(e)(15) $17,500 $17,500
Catch-up Contribution2 414(v)(2)(B)(i) $5,500 $5,500
Defined Contribution Dollar Limit 415(c)(1)(A) $51,000 $52,000
Defined Benefit Dollar Limit 415(b)(1)(A) $205,000 $210,000
Compensation Limit3 401(a)(17); 404(l) $255,000 $260,000
Highly Compensated Employee Income Limit4 414(q)(1)(B) $115,000 $115,000
Key Employee Officer 416(i)(1)(A)(i) $165,000 $170,000
Social Security Taxable Wage Base   $113,700 $117,000

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 2014 plan year, an employee who earns more than $115,000 in 2013 is an HCE. For the 2015 plan year, an employee who earns more than $115,000 in 2014 is an HCE.

 

More Information

View the flyer for partners and plan sponsors.

View the flyer for distribution to participants.

 

News Category: 
Friday, November 30, 2012

 

INDEX-RATE ANNUITIES : SINGLE PREMIUM : RATE CAPS
 $15,000$100,000
Index Growth Annuity 52.00%2.55%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Index Growth Annuity 72.00%2.35%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Fixed Interest Account Crediting Rate1.50% 
FIXED-RATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
 $15,000$100,000
Secured Rate Annuity 1*2.30%2.40%
Secured Rate Annuity 51.30%1.40%
Secured Rate Annuity 61.50%1.60%
 $15,000$100,000
First Rate Annuity 7*3.60%3.70%
 $15,000$100,000
Focused Growth Annuity 51.65%1.75%
Focused Growth Annuity 62.15%2.25%
Focused Growth Annuity 72.15%2.25%
Focused Growth Annuity 102.60%2.70%
 $15,000$100,000
Advantage Growth Annuity 53.10%3.20%
Advantage Growth Annuity 73.40%3.50%
FIXED-RATE ANNUITIES : FLEXIBLE PREMIUM : CREDITING RATES
 $5,000$100,000
Principal Growth Annuity 5*2.10%2.20%
Principal Growth Annuity 7*2.20%2.30%
Principal Growth Annuity 9*2.30%2.40%
 $600 initial annual 
Flexible Premium Deferred Annuity1.85% 
IMMEDIATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
Tailored Income Annuity and Stable Income Annuity
  • Rate Change
  • Use code 110112 for illustrations.
  • Get 309 for December 1, 2012 rates and approvals.

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1.00%

Current TSA Loan Rate 4.09%

* The SRA 1 credits 1.00% bonus in the first year of deposit.
  The FRA 7 credits 2.00% bonus in the first year of deposit.
  The PGA 5, 7 and 9 credit 1.00% bonus in the first year of deposit.

“Standard & Poor’s 500” and “S&P 500®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Standard Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product.

Products of Standard Insurance Company. Policies # SRA, SRA-B, SPDA, SPDA-IA, FPDA and SPIA. The FGA includes an MVA. Product availability varies by state. The Life Income Commutation feature is not available in PA, TX or WA. The nursing home waiver is not available in MA. State specific conditions apply to the terminal condition waiver.

Rates effective December 1, 2012 and subject to change without notice. Product Availability varies by state.

 

News Category: 
Wednesday, October 31, 2012

 

INDEX-RATE ANNUITIES : SINGLE PREMIUM : RATE CAPS
 $15,000$100,000
Index Growth Annuity 52.00%2.55%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Index Growth Annuity 72.00%2.35%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Fixed Interest Account Crediting Rate1.50% 
FIXED-RATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
 $15,000$100,000
Secured Rate Annuity 1*2.30%2.40%
Secured Rate Annuity 51.30%1.40%
Secured Rate Annuity 61.50%1.60%
 $15,000$100,000
First Rate Annuity 7*3.60%3.70%
 $15,000$100,000
Focused Growth Annuity 51.65%1.75%
Focused Growth Annuity 62.15%2.25%
Focused Growth Annuity 72.15%2.25%
Focused Growth Annuity 102.60%2.70%
 $15,000$100,000
Advantage Growth Annuity 53.10%3.20%
Advantage Growth Annuity 73.40%3.50%
FIXED-RATE ANNUITIES : FLEXIBLE PREMIUM : CREDITING RATES
 $5,000$100,000
Principal Growth Annuity 5*2.10%2.20%
Principal Growth Annuity 7*2.20%2.30%
Principal Growth Annuity 9*2.30%2.40%
 $600 initial annual 
Flexible Premium Deferred Annuity1.85% 
IMMEDIATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
Tailored Income Annuity and Stable Income Annuity
  • Rate Change
  • Use code 110112 for illustrations.
  • Get 307 for November 1, 2012 rates and approvals.

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1.00%

Current TSA Loan Rate 4.09%

* The SRA 1 credits 1.00% bonus in the first year of deposit.
  The FRA 7 credits 2.00% bonus in the first year of deposit.
  The PGA 5, 7 and 9 credit 1.00% bonus in the first year of deposit.

“Standard & Poor’s 500” and “S&P 500®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Standard Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product.

Products of Standard Insurance Company. Policies # SRA, SRA-B, SPDA, SPDA-IA, FPDA and SPIA. The FGA includes an MVA. Product availability varies by state. The Life Income Commutation feature is not available in PA, TX or WA. The nursing home waiver is not available in MA. State specific conditions apply to the terminal condition waiver.

Rates effective November 1, 2012 and subject to change without notice. Product Availability varies by state.

 

News Category: 
Friday, August 31, 2012

 

INDEX-RATE ANNUITIES : SINGLE PREMIUM : RATE CAPS
 $15,000$100,000
Index Growth Annuity 52.00%2.55%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Index Growth Annuity 72.00%2.35%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Fixed Interest Account Crediting Rate1.50% 
FIXED-RATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
 $15,000$100,000
Secured Rate Annuity 1*2.25%2.35%
Secured Rate Annuity 51.25%1.35%
Secured Rate Annuity 61.45%1.55%
 $15,000$100,000
First Rate Annuity 7*3.55%3.65%
 $15,000$100,000
Focused Growth Annuity 51.60%1.70%
Focused Growth Annuity 62.00%2.10%
Focused Growth Annuity 72.10%2.20%
Focused Growth Annuity 102.40%2.50%
 $15,000$100,000
Advantage Growth Annuity 53.05%3.15%
Advantage Growth Annuity 73.35%3.45%
FIXED-RATE ANNUITIES : FLEXIBLE PREMIUM : CREDITING RATES
 $5,000$100,000
Principal Growth Annuity 5*2.05%2.15%
Principal Growth Annuity 7*2.15%2.25%
Principal Growth Annuity 9*2.25%2.35%
 $600 initial annual 
Flexible Premium Deferred Annuity1.80% 
IMMEDIATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
Tailored Income Annuity and Stable Income Annuity
  • Rate Change
  • Use code 090412 for illustrations.
  • Get 305 for September 4, 2012 rates and approvals.

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1.00%

Current TSA Loan Rate 4.33%

* The SRA 1 credits 1.00% bonus in the first year of deposit.
  The FRA 7 credits 2.00% bonus in the first year of deposit.
  The PGA 5, 7 and 9 credit 1.00% bonus in the first year of deposit.

“Standard & Poor’s 500” and “S&P 500®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Standard Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product.

Products of Standard Insurance Company. Policies # SRA, SRA-B, SPDA, SPDA-IA, FPDA and SPIA. The FGA includes an MVA. Product availability varies by state. The Life Income Commutation feature is not available in PA, TX or WA. The nursing home waiver is not available in MA. State specific conditions apply to the terminal condition waiver.

Rates effective September 4, 2012 and subject to change without notice. Product Availability varies by state.

 

News Category: 
Wednesday, August 1, 2012

Effective August 1, 2012


Index-Rate Annuities : Single Premium : Index Rate Caps

 $15,000$100,000Surrender ChargesNotes
Index Growth Annuity 5
Bailout Years 2-5
2.00%
0.00%
2.00%
0.00%
8,7,6,4,2% 
Index Growth Annuity 7
Bailout Years 2-7
2.00%
0.00%
2.35%
0.35%
9,8,7,6,5,4,2% 
Index Select Annuity 5
 
2.70% 3.30% 7,6,5,4,2%MVA During Surrender
Index Select Annuity 7
 
2.90% 3.45% 7,6,5,4,3,2,1%MVA During Surrender
Fixed Interest Account Crediting Rate1.50% 

Fixed-Rate Annuities : Single Premium : Crediting Rates

 $15,000$100,000Surrender ChargesNotes
Secured Rate Annuity 1
Bailout Years 2-5
Bailout Year 6
2.20%
1.20%
1.00%
2.30%
1.30%
1.00%
7,7,7,6,5,3%1.00% First-Year Bonus
Secured Rate Annuity 51.20% 1.30% 9,8,7,6,5% 
Secured Rate Annuity 61.40% 1.50% 9,8,7,6,5,4% 
 $15,000$100,000Surrender ChargesNotes
First Rate Annuity 73.50% 3.60% 9,8,7,6,5,4,2%2.00% First-Year Bonus
 $15,000$100,000Surrender ChargesNotes
Focused Growth Annuity 51.50% 1.60% 8,7,6,5,4%MVA During Surrender
Focused Growth Annuity 61.90% 2.00% 8,7,6,5,4,3%MVA During Surrender
Focused Growth Annuity 72.00% 2.10% 8,7,6,5,4,3,2%MVA During Surrender
Focused Growth Annuity 102.30% 2.40% 8,7,6,5,4,3,2,1,0.9%9-Year Surrender Period
10-Year MVA Period
 $15,000$100,000Surrender ChargesNotes
Advantage Growth Annuity 53.00% 3.10% 7%, 6%, 5%, 4%, 2%2.00% First-Year Bonus
Advantage Growth Annuity 73.30%
 
3.40% 7%, 6%, 5%, 4%, 3%, 2%, 1%2.00% First-Year Bonus

Fixed-Rate Annuities : Flexible Premium : Crediting Rates

 $5,000$100,000Surrender ChargesNotes
Principal Growth Annuity 5
Bailout Years 2-5
2.00%
1.00%
2.10%
1.10%
8,7,6,4,2%1.00% First-Year Bonus on Each Deposit
Principal Growth Annuity 7
Bailout Years 2-7
2.10%
1.10%
2.20%
1.20%
9,8,7,6,5,4,2%1.00% First-Year Bonus on Each Deposit
Principal Growth Annuity 9
Bailout Years 2-9
2.20%
1.20%
2.30%
1.30%
9,8,7,6,5,4,3,2,1%1.00% First-Year Bonus on Each Deposit
 $600/Annual Surrender ChargesNotes
Flexible Premium Deferred Annuity1.70%  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 4.33%

Rate Change

Update 304 for August 1, 2012 rates and approvals. Use Code 080112 for Illustrations.

Rates effective August 1, 2012 and subject to change without notice. The 45-day rate lock applies only to initial crediting and cap rates.

 

News Category: 
Thursday, May 31, 2012

 

INDEX-RATE ANNUITIES : SINGLE PREMIUM : RATE CAPS
 $15,000$100,000
Index Growth Annuity 52.00%2.55%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Index Growth Annuity 72.25%2.85%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Fixed Interest Account Crediting Rate1.70% 
FIXED-RATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
 $15,000$100,000
Secured Rate Annuity 1*2.35%2.45%
Secured Rate Annuity 51.30%1.40%
Secured Rate Annuity 61.55%1.65%
 $15,000$100,000
First Rate Annuity 7*3.65%3.75%
 $15,000$100,000
Focused Growth Annuity 51.70%1.80%
Focused Growth Annuity 62.10%2.20%
Focused Growth Annuity 72.20%2.30%
Focused Growth Annuity 102.30%2.40%
 $15,000$100,000
Advantage Growth Annuity 53.35%3.45%
Advantage Growth Annuity 73.50%3.60%
FIXED-RATE ANNUITIES : FLEXIBLE PREMIUM : CREDITING RATES
 $5,000$100,000
Principal Growth Annuity 5*2.05%2.15%
Principal Growth Annuity 7*2.20%2.30%
Principal Growth Annuity 9*2.30%2.40%
 $600 initial annual 
Flexible Premium Deferred Annuity1.85% 
IMMEDIATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
Tailored Income Annuity and Stable Income Annuity
  • Rate Change
  • Use code 060112 for illustrations.
  • Get 301 for June 1, 2012 rates and approvals.

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1.00%

Current TSA Loan Rate 4.42%

* The SRA 1 credits 1.00% bonus in the first year of deposit.
  The FRA 7 credits 2.00% bonus in the first year of deposit.
  The PGA 5, 7 and 9 credit 1.00% bonus in the first year of deposit.

“Standard & Poor’s 500” and “S&P 500®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Standard Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product.

Products of Standard Insurance Company. Policies # SRA, SRA-B, SPDA, SPDA-IA, FPDA and SPIA. The FGA includes an MVA. Product availability varies by state. The Life Income Commutation feature is not available in PA, TX or WA. The nursing home waiver is not available in MA. State specific conditions apply to the terminal condition waiver.

Rates effective June 1, 2012 and subject to change without notice. Product Availability varies by state.

 

News Category: 
Monday, March 26, 2012

 

INDEX-RATE ANNUITIES : SINGLE PREMIUM : RATE CAPS
 $15,000$100,000
Index Growth Annuity 52.00%[an error occurred while processing this directive]
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Index Growth Annuity 72.75%3.35%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Fixed Interest Account Crediting Rate1.70% 
FIXED-RATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
 $15,000$100,000
Secured Rate Annuity 1*2.50%2.60%
Secured Rate Annuity 51.45%1.55%
Secured Rate Annuity 61.75%1.85%
 $15,000$100,000
First Rate Annuity 7*3.85%3.95%
 $15,000$100,000
Focused Growth Annuity 52.00%2.10%
Focused Growth Annuity 62.40%2.50%
Focused Growth Annuity 72.50%2.60%
Focused Growth Annuity 102.60%2.70%
 $15,000$100,000
Advantage Growth Annuity 53.65%3.75%
Advantage Growth Annuity 73.80%3.90%
FIXED-RATE ANNUITIES : FLEXIBLE PREMIUM : CREDITING RATES
 $5,000$100,000
Principal Growth Annuity 5*2.25%2.35%
Principal Growth Annuity 7*2.40%2.50%
Principal Growth Annuity 9*2.50%2.60%
 $600 initial annual 
Flexible Premium Deferred Annuity2.00% 
IMMEDIATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
Tailored Income Annuity and Stable Income Annuity
  • Rate Change
  • Use code 032612 for illustrations.
  • Get 296 for March 26, 2012 rates and approvals.

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1.00%

Current TSA Loan Rate 4.39%

* The SRA 1 credits 1.00% bonus in the first year of deposit.
  The FRA 7 credits 2.00% bonus in the first year of deposit.
  The PGA 5, 7 and 9 credit 1.00% bonus in the first year of deposit.

“Standard & Poor’s 500” and “S&P 500®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Standard Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product.

Products of Standard Insurance Company. Policies # SRA, SRA-B, SPDA, SPDA-IA, FPDA and SPIA. The FGA includes an MVA. Product availability varies by state. The Life Income Commutation feature is not available in PA, TX or WA. The nursing home waiver is not available in MA. State specific conditions apply to the terminal condition waiver.

Rates effective March 26, 2012 and subject to change without notice. Product Availability varies by state.

 

News Category: 
Friday, March 16, 2012

The Standard now offers advisors more customized retirement plan solutions for their clients. After listening to feedback from the advisor community, The Standard has responded with a more flexible service offering in which advisors can now choose from a broader suite of services to select those services that best complement their practices and mitigate their risks.

"The heart of our support has always been a service offering that allows us to adjust what we provide based on each advisor's capabilities," said Dan Hall, vice president of Retirement Plan Sales. "We believe this produces an alliance that complements the expertise that advisors bring to their clients while ensuring that the plan and its participants have access to a full range of services."

Advisors who partner with The Standard have the power to design a customized retirement plan solution that works to address each client's unique needs. This begins with The Standard's essential plan services, which include recordkeeping and online tools, as well as employee services, including a participant call center, quarterly newsletter and enrollment communication materials.

Advisors can then select which additional services, if any, they want to provide to each client and which services they would like The Standard to handle. Advisors can choose from the following menu of services:

  • Recordkeeping and financial services — Advisors can choose the appropriate investment platform for their plans. Both the Net Asset Value (NAV) open-architecture and group annuity platforms offer nonproprietary mutual funds and full fee transparency.
  • Administration — The Standard can support advisors with a full range of administrative services, including plan document preparation and amendment, Form 5500 preparation and compliance testing. When providing full-service administration, Standard Retirement Services can assume ERISA 3(16) fiduciary responsibility for certain key aspects of plan administration.
  • Investment Advice — StanCorp Investment Advisers, Inc., can provide ERISA 3(21) and 3(38) plan-level advice for investment selection, monitoring and removal.
  • Participant Services — The Standard can support retirement readiness by conducting enrollment meetings and ongoing participant communication and education. In addition, advisors can offer The Standard's Mainspring ManagedSM account service.
  • Plan Consulting — The Standard's local relationship managers can either work directly with employers or support advisors in the ongoing review of the plan's operations, regular communications highlighting issues of importance to the plan, periodic evaluations of the plan's success in meeting goals, and recommendations for enhancements or changes to the plan.

"We realize that employers look to their advisors when it comes to choices for their retirement plans," Hall said. "Advisors can look to The Standard and our flexible service offering for customized solutions that maximize the value that they can offer their clients and help employees reach retirement readiness."

 

News Category: 
Friday, March 16, 2012

The Standard is expanding its annuity product portfolio with the new Index Select Annuity (ISA), a single premium indexed deferred annuity. With the highest interest rate cap offered by The Standard, the ISA is designed for individuals looking for an annuity to maximize their earnings potential while minimizing their risk.

ISA policyholders can choose from a five- or seven-year surrender-charge period and are able to allocate funds between an index interest account and a fixed interest account. The portion of funds allocated to the index interest account will be credited a rate based on the performance of the Standard & Poor's 500 index up to the stated index rate cap and will not lose any value if the S&P 500® goes down.

The portion of funds allocated to the fixed interest account will be credited an interest rate that is guaranteed for one year. After that guarantee period, the contract will receive renewal rates based on the current interest rate environment.

"The ISA is an exciting addition to our product lineup and was designed to offer policyholders an ideal combination of growth potential, safety and tax deferral," said Rich Lane, director of Individual Annuity Sales and Marketing. "We believe the ISA is a great choice for disciplined savers who want to benefit from an index annuity with the highest cap rate available at The Standard."

Basing the index interest account's crediting rate on the performance of the Standard & Poor's 500 index allows policyholders to benefit from the growth of the index and, at the same time, be protected from market downturns. In addition, the annual index term design credits gains in the index at the end of each 12-month period, avoiding excessively long waits for index crediting. The earnings are then locked into the index interest account value and will not be reduced in the event of negative index performance in the future.

 

News Category: 
Thursday, March 15, 2012

Washington Rule 284-17-605 prohibits the misleading use of producers' senior-specific certifications and other professional designations in the advertising and sale of life insurance and annuities. The new rule adopts standards of determining when use of a senior-specific certification or designation is prohibited, and it provides guidance on whether an organization issuing a designation is qualified to do so. The rule follows the NAIC's Model Regulation on the Use of Senior-Specific Certifications and Professional Designations in the Sale of Life Insurance and Annuities.

View Approved Professional Designations For Use In Sales Of Individual Annuities

 

News Category: 
Thursday, March 1, 2012

The Standard has launched our Index Select Annuity 5 and 7 (ISA), a single premium deferred index annuity. The ISA is an exciting addition to our product lineup and was designed to offer policyholders an ideal combination of growth potential, safety and tax deferral. We believe the ISA is a great choice for disciplined savers who want to benefit from an index annuity with the highest cap rate available at The Standard.

The ISA is available now in all states except CA, CT and DE.1 We're working diligently to garner approval in those three remaining states. 

Explore the ISA 5 and 7

 

1 The Standard does not offer annuity products in New York.

 

News Category: 
Wednesday, February 29, 2012

 

INDEX-RATE ANNUITIES : SINGLE PREMIUM : RATE CAPS

 $15,000$100,000
Index Growth Annuity 52.00%2.05%
 2.10% w/Principal Guarantee2.80% w/Principal Guarantee
Index Growth Annuity 72.00%2.05%
 2.25% w/Principal Guarantee2.90% w/Principal Guarantee
Fixed Interest Account Crediting Rate1.70% 
FIXED-RATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
 $15,000$100,000
Secured Rate Annuity 1*2.25%2.35%
Secured Rate Annuity 51.20%1.30%
Secured Rate Annuity 61.50%1.60%
 $15,000$100,000
First Rate Annuity 7*3.60%3.70%
 $15,000$100,000
Focused Growth Annuity 51.75%1.85%
Focused Growth Annuity 62.25%2.35%
Focused Growth Annuity 72.25%2.35%
Focused Growth Annuity 102.35%2.45%
 $15,000$100,000
Advantage Growth Annuity 53.50%3.60%
Advantage Growth Annuity 73.60%3.65%
FIXED-RATE ANNUITIES : FLEXIBLE PREMIUM : CREDITING RATES
 $5,000$100,000
Principal Growth Annuity 5*2.00%2.10%
Principal Growth Annuity 7*2.15%2.25%
Principal Growth Annuity 9*2.25%2.35%
 $600 initial annual 
Flexible Premium Deferred Annuity1.75% 
IMMEDIATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
Tailored Income Annuity and Stable Income Annuity
  • Rate Change
  • Use code 030112 for illustrations.
  • Get 295 for March 1, 2012 rates and approvals.

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1.00%

Current TSA Loan Rate 4.39%

* The SRA 1 credits 1.00% bonus in the first year of deposit.
  The FRA 7 credits 2.00% bonus in the first year of deposit.
  The PGA 5, 7 and 9 credit 1.00% bonus in the first year of deposit.

“Standard & Poor’s 500” and “S&P 500®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Standard Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product.

Products of Standard Insurance Company. Policies # SRA, SRA-B, SPDA, SPDA-IA, FPDA and SPIA. The FGA includes an MVA. Product availability varies by state. The Life Income Commutation feature is not available in PA, TX or WA. The nursing home waiver is not available in MA. State specific conditions apply to the terminal condition waiver.

Rates effective March 1, 2012 and subject to change without notice. Product Availability varies by state.

 

News Category: 
Tuesday, February 28, 2012

Is your annuity provider adding value to the service you provide your clients and helping you stand apart from the competition as an exceptional financial advisor?

In a recent issue of California Broker magazine, The Standard's Rich Lane examines four key qualities that can help you answer that question.

Read the full article >

 

News Category: 
Tuesday, February 14, 2012

 

INDEX-RATE ANNUITIES : SINGLE PREMIUM : RATE CAPS
 $15,000$100,000
Index Growth Annuity 52.00%2.05%
 2.10% w/Principal Guarantee2.80% w/Principal Guarantee
Index Growth Annuity 72.00%2.05%
 2.25% w/Principal Guarantee2.90% w/Principal Guarantee
Fixed Interest Account Crediting Rate1.70% 
FIXED-RATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
 $15,000$100,000
Secured Rate Annuity 1*2.25%2.35%
Secured Rate Annuity 51.20%1.30%
Secured Rate Annuity 61.50%1.60%
 $15,000$100,000
First Rate Annuity 7*3.60%3.70%
 $15,000$100,000
Focused Growth Annuity 51.75%1.85%
Focused Growth Annuity 62.25%2.35%
Focused Growth Annuity 72.25%2.35%
Focused Growth Annuity 102.35%2.45%
 $15,000$100,000
Advantage Growth Annuity 5Sales SuspendedSales Suspended
Advantage Growth Annuity 73.55%3.65%
FIXED-RATE ANNUITIES : FLEXIBLE PREMIUM : CREDITING RATES
 $5,000$100,000
Principal Growth Annuity 5*Sales SuspendedSales Suspended
Principal Growth Annuity 7*Sales SuspendedSales Suspended
Principal Growth Annuity 9*Sales SuspendedSales Suspended
 $600 initial annual 
Flexible Premium Deferred Annuity1.75% 
IMMEDIATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
Tailored Income Annuity and Stable Income Annuity
  • Rate Change
  • Use code 021512 for illustrations.
  • Get 294 for February 15, 2012 rates and approvals.

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1.00%

Current TSA Loan Rate 4.39%

* The SRA 1 credits 1.00% bonus in the first year of deposit.
  The FRA 7 credits 2.00% bonus in the first year of deposit.
  The PGA 5, 7 and 9 credit 1.00% bonus in the first year of deposit.

“Standard & Poor’s 500” and “S&P 500®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Standard Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product.

Products of Standard Insurance Company. Policies # SRA, SRA-B, SPDA, SPDA-IA, FPDA and SPIA. The FGA includes an MVA. Product availability varies by state. The Life Income Commutation feature is not available in PA, TX or WA. The nursing home waiver is not available in MA. State specific conditions apply to the terminal condition waiver.

Rates effective February 15, 2012 and subject to change without notice. Product Availability varies by state.

 

News Category: 
Monday, November 19, 2012

In a recent article for Employee Benefit Adviser, representatives from leading group disability companies shared their perspectives on the current economic climate's effect on disability claims, trends in return-to-work benefits and the outlook for benefit plans in 2013.

Insights from Michael Klachefsky, national practice leader for The Standard's Workplace PossibilitiesSM program, are featured.

Read the full article, "Group DI: The Carriers' Take."

 

News Category: 
Monday, July 2, 2012

The latest updates to the retirement plan online services include co-branding, new settings for viewing retirement account statements and a cleaner visual design.

Display Your Logo And Custom Message

You can now co-brand Personal Savings Center and PlanNet® with your organization’s logo. In addition, you can also prominently display a custom message on PSC’s Overview screen for any length of time you specify – a useful feature for announcing plan changes to your participants.

To add a logo or message, please contact your account manager at The Standard.

Paperless Statement Option For Participants

Participants can select an electronic “paperless” option for receiving their quarterly account statements. Participants who choose this option will receive an email each quarter notifying them as soon as their statements are ready to view online.

Participants can change this setting at any time on the Account Statements page in PSC.

Statement Viewing Options for Mainspring Managed Participants

If your plan offers Mainspring Managed, employees using this service can grant you and your plan’s authorized PlanNet users permission to view their account statements online. By default, managed account statements are not viewable by third parties.

Participants can change this setting at any time on the Account Statements page in PSC.

Design Improvements

We’ve made several design enhancements throughout PSC and PlanNet that improve the organization and readability of plan information and improve load times.

 

News Category: 
Friday, March 16, 2012

The Standard has enhanced its core retirement plan services with significant, new fiduciary protection services. The company can now act as an ERISA 3(16) fiduciary in performing certain plan administrative duties on behalf of plan sponsors who delegate these tasks. These duties can include required compliance testing, plan eligibility notifications, approval of participant loans and distributions, and delivery of required participant notifications and disclosures.

"Plan sponsors must take on considerable administrative responsibilities in order to comply with ERISA regulations," said Dan Hall, vice president of Retirement Plan Sales. "By leveraging our internal expertise and resources, we are able to take on a significant amount of plan sponsors' administrative burden while better supplementing the offerings of plan advisors."

To further complement the needs of advisors and their clients, StanCorp Investment Advisers, Inc., can now take on ERISA 3(38) fiduciary responsibility for the removal and replacement of investments at the plan level. This expanded layer of protection adds to The Standard's existing fiduciary capabilities, which include acting as an ERISA 3(21) fiduciary for the selection and ongoing monitoring of the investments offered in a plan sponsor's retirement plan and acting as an ERISA 3(38) fiduciary for participants who are enrolled in Mainspring ManagedSM, the company's goal-based savings and investment planning and advice service.

"We recognize that many advisors provide some level of investment fiduciary services as part of their offerings to plan sponsors, while others do not provide such services," Hall said. "Our fiduciary services are intended to complement the unique value proposition and service delivery model that each advisor brings to the table. Advisors can choose to use all, some or none of our fiduciary services as they determine what is most appropriate for a particular client's plan. This approach gives advisors maximum flexibility to deliver the right level of fiduciary protection to their clients."

In addition, the three-level fiduciary protection services under ERISA 3(16), 3(21), and 3(38) will be available to plan sponsors of any size.

"We designed our fiduciary offering to be cost effective for all employers, especially for those with smaller plans who have not traditionally had access to this level of fiduciary protection," Hall said. "When you also consider that The Standard does not outsource any of this fiduciary responsibility to a third party, we believe that our fiduciary services offer a very compelling value to advisors and sponsors."

 

News Category: 
Wednesday, February 8, 2012

The Standard re-launched its Workplace PossibilitiesSM website, workplacepossibilities.com, to provide a more comprehensive resource for human resources professionals to discover innovative ways to prevent and manage absence and disability in the workplace. The newly-designed site expands on the early success of the Workplace Possibilities blog.

Read the details in the news release.

News Category: 
Wednesday, October 31, 2012

Insurance customers who have been affected by Hurricane Sandy are encouraged to call The Standard's dedicated response team at:

877.276.6616
Monday through Friday
8:00 a.m. to 5:00 p.m. Pacific Time

The Standard is committed to helping affected customers with flexible options for premium payments and delivery of insurance benefits.

 

News Category: 
Wednesday, October 10, 2012

The Standard is offering its group disability and life insurance customers online interactive educational modules to help employees better understand their available life and disability insurance in a simplified way.

"The modules are designed to offer employees a go-to benefits resource that aims to help overcome enrollment barriers and help employees make the right decision during enrollment," said John Jones, assistant vice president, E-Business with The Standard. "During times when contributory coverages are playing a larger role in employers' benefits offerings, it is critical to find fresh, engaging ways to educate and assist employees."

The modules are customizable and tailored to the benefits and features of the employer's insurance policy. For instance, employees can learn the basics of how their specific policy works, how to estimate their needs and select appropriate coverage, and how to enroll. This approach gives employees an opportunity to take full advantage of their benefits. Other key features include:

  • Calculator tools that help motivate individuals to apply for coverage and protect their long-term finances
  • An intuitive step-by-step guide through the life and disability benefits decision-making process
  • A direct link to the employer's enrollment website or form
  • Engaging voiceovers and video animations

"For businesses with remote locations or a small number of employees, this tool allows employers an easy, yet effective, way to walk through enrollment materials when an on-site option is not feasible," Jones said. "This approach allows us to deliver relevant, consistent information about benefits in a cost-effective and simplified manner for our customers' employees."

 

News Category: 
Wednesday, October 3, 2012

The Standard, a proud member of the Council for Disability Awareness (CDA), has joined forces with other CDA member companies to support the Defend Your Income movement. This educational program unites consumers, advisors, employers and insurers in the fight to protect the incomes of working Americans from the financial risks of serious illness or injury.

Social Security Administration information reveals that more than one in four people entering America's workforce will suffer an income-interrupting disability at some point during their working years.1 Yet, despite the potentially catastrophic financial impact of a disability, a recent CDA study indicates that most Americans severely underestimate their risk of becoming disabled.2 What's more, the vast majority of workers — more than two-thirds — do not have the benefit of private long-term disability insurance.1

"Today's working Americans face financial challenges that many are unprepared to weather, should they experience a disabling disease or injury," said Dan McMillan, vice president of The Standard's Insurance Services Group and CDA board member. "Worse yet, many younger workers think they will never experience a disability and do not take the steps to protect their critical ability to earn an income."

The Defend Your Income movement features an engaging, interactive online home where visitors can train in a martial arts dojo and learn about the diseases and injuries that threaten their income. More importantly, they can find out how to fend off these threats.

"The Defend Your Income movement combines an entertaining web experience with information designed to enable individuals — particularly those just entering the workforce — to take the important steps necessary to preserve their ability to earn an income," McMillan said.

About Defend Your Income
Defend Your Income is a movement designed to unite consumers, advisors, employers and insurers in the fight to protect the incomes of working Americans from the financial risk caused by illness and injury. Sponsored by the Council for Disability Awareness and its member companies, this integrated communications campaign features a highly engaging Defend Your Income website complete with interactive games, quizzes and calculators. The program's goal is to raise awareness about what can threaten anyone's ability to earn an income — and how they can protect themselves. Join forces at www.DefendYourIncome.org; follow @IncomeDefender on Twitter; and like us on Facebook at www.facebook.com/DefendYourIncome.

About the Council for Disability Awareness
The Council for Disability Awareness is a nonprofit organization dedicated to helping the American workforce become aware of the likelihood of disability and its financial consequences. The CDA engages in communications, research and educational activities that provide information and helpful resources to wage earners, their families, the media, employers, financial advisors, consultants and others who are concerned about disability and the impact it can have on wage earners and their families.

 

1 Social Security Administration, Fact Sheet, March 18, 2011.
2 Council for Disability Awareness, 2011 Advisor Disability Awareness Study.

 

News Category: 
Friday, August 24, 2012

The Standard Charitable Foundation, Standard Insurance Company, and its employees and retirees together awarded more than $2.6 million across the nation last year to nonprofits. Giving focused on nonprofit organizations that share the company's emphasis on education, disability and empowerment, cultural development and healthy communities.

Through the company's matching gift program, employees and retirees donated to more than 780 nonprofits in communities where employees and customers of The Standard live and work. The Standard's employees also volunteered thousands of hours in their communities on company-donated time.

"In 2011, employees of The Standard continued rolling up their sleeves to lend a hand in the communities where we live and work," said Greg Ness, chairman, president and CEO of The Standard. "A company is a reflection of the values and passions of those who work there, and I'm very proud to be surrounded by coworkers who remain dedicated to our tradition of community support."

The Standard's 2011 Report to the Community outlines the company's philanthropic giving and highlights The Standard's employee volunteer and sustainability programs.

Below are a few highlights from the report:

  • The Standard's Volunteer Expo, held annually in Portland and Cincinnati, connects regional nonprofit organizations with employees and other members of the community, helping them find volunteer opportunities that match their skills and interests.
  • A partnership between Portland's De La Salle High School and The Standard provided paid work study, career and life skills opportunities for 28 students working one day each week at The Standard during the school year.
  • Blanchet House, a Portland-based nonprofit serving more than 800 meals daily to those in need since 1952, received a $50,000 grant over two years from The Standard Charitable Foundation to support construction of a new building.

View our Report to the Community.

Since 2006, The Standard Charitable Foundation, The Standard and its employees and retirees have contributed more than $12.5 million in grants and social investments. Read additional information about corporate community involvement.

 

Wednesday, August 15, 2012

For the third straight year, a team of 12 U.S. service members who were severely injured during the conflicts in Iraq and Afghanistan will compete in Oregon's iconic 2012 Hood to Coast Relay race. Team Warfighter Sports is the only team of wounded military to participate in Hood to Coast. This year's team brings 12 all new participants, with a wide range of disabilities including amputation, spinal cord injury, nerve and muscle damage, visual impairment and traumatic brain injury. The team is sponsored by The Standard, in partnership with Disabled Sports USA (DSUSA).

In an inspiring feat of resilience and courage, they'll take on the world-famous, 197-mile Hood to Coast Relay. Armed with the latest technology and the support of their teammates, Team Warfighter Sports will compete against more than 12,000 other runners in a grueling race that starts at Timberline Lodge on the slopes of Mt. Hood and finishes at the city of Seaside on the Oregon coast.

"These individuals' ability not only to compete, but to excel, in an event as competitive and challenging as Hood to Coast is truly inspiring," said Greg Ness, chairman, president and CEO of The Standard. "We're excited to partner again this year with DSUSA, whose mission of providing rehabilitation and opportunity for wounded warriors mirrors The Standard's values."

Disabled Sports USA's Warfighter Sports program is a schedule of events that help military members with permanent disabilities train for and challenge themselves in extreme and endurance sports, as well as other recreational sports and competitions.

"We're pleased to partner with The Standard again in 2012 and bring a new team of warriors back to this one-of-a-kind event," said Kirk Bauer, executive director of Disabled Sports USA and a disabled Vietnam veteran. "Through rehabilitation sports programs, DSUSA has served thousands of severely injured service members from Iraq and Afghanistan who are now yearning for an opportunity to test their skills to the extreme, as they did in the military. Our Warfighter Sports program provides this — helping them to not just survive their injuries, but to thrive and achieve personal and professional success."

About The Standard

The Standard is a leading provider of financial products and services, including group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and vision insurance, absence management services, retirement plans products and services, individual annuities and investment advice. For more information about The Standard, visit www.standard.com.

The Standard is the marketing name for StanCorp Financial Group, Inc. and its subsidiaries: Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Mortgage Investors, Inc., StanCorp Investment Advisers, Inc., StanCorp Real Estate, LLC, and StanCorp Equities, Inc.

About Warfighter Sports

Warfighter Sports, a program of Disabled Sports USA, offers sports rehabilitation for severely wounded warriors in military hospitals and communities across the U.S. through a nationwide network of more than 100 community-based chapters. Since 1967, Disabled Sports USA has proudly served wounded warriors, including those injured in the Iraq and Afghanistan conflicts, offering more than 30 winter and summer sports at more than 100 events each year. Warfighter Sports rebuilds lives through sports by improving self-confidence, promoting independence and uniting families through shared healthy activities.

Contributions cover all expenses for participation, including individualized adaptive instruction, adaptive sports equipment, transportation, lodging and meals for the warrior and a family member. Since 2003, more than 6,000 of the most severely wounded and their families have been served, including those with amputations, traumatic brain injury, spinal cord injury, visual impairments and significant nerve and muscle damage. For more information, visit www.warfightersports.org.

 

Tuesday, August 14, 2012

StanCorp Financial Group (SFG) is aware of individuals circulating fraudulent email correspondence directing the recipient to apply for a job online or to apply for modifications to an existing home loan.  SFG has no affiliation with the individuals or group perpetrating this fraudulent activity. If you receive such a solicitation, we advise you neither to respond nor to provide any personal information to the sender. 

Learn how you can prevent insurance fraud.

 

News Category: 
Monday, August 13, 2012

On Thursday, September 6, 2012, The Standard's Volunteer Expo returns to Pioneer Courthouse Square. Now in its fourth year, the Volunteer Expo is the largest event of its kind in Oregon. This special event in the heart of downtown Portland connects 125 regional nonprofit organizations with thousands of Portlanders eager to make a difference in their community.

Representatives from a wide range of community-based organizations will be on hand to showcase their volunteer and advocacy opportunities so that attendees can find service and donation opportunities that match their skills and interests — ranging from one-time projects to longer-term commitments. In order to support growing interest from the nonprofit sector, the community and The Standard's 2,100 downtown employees, this event is free and open to the public.

"Hosting the Volunteer Expo four years in a row has been an incredible experience for The Standard and its employees, and based on the feedback from the nonprofit participants it makes a real difference in the community," said Greg Ness, chairman, president and CEO of The Standard. "Nonprofits have an invaluable impact on the community and on the lives of others. Volunteers and donors allow under-funded organizations to provide programs and services that would otherwise have to be reduced or eliminated. The Volunteer Expo creates opportunities for involvement and support at every level."

In partnership with New Avenues for Youth, Ben & Jerry's PartnerShop Scoop Shop is offering a free scoop of ice cream to attendees who connect with five or more nonprofits at the Expo. Just grab a Connect Card at the event and collect stamps on it as you visit the nonprofit booths. Those who collect at least five stamps can redeem them for one free scoop of Ben & Jerry's ice cream!

The 2012 Volunteer Expo takes place Thursday, September 6, 2012, from 11:00 a.m. to 2:00 p.m. at Pioneer Courthouse Square, 701 SW Sixth Avenue. The event is open to the public and free of charge.

 

Tuesday, July 10, 2012

From StanCorp Investment Advisers

After a relatively complacent first quarter of 2012, market volatility returned in the second. Global growth appears to be slowing again, not only in Europe as expected, but in the U.S. and China as well. April and May saw equity markets drop. We then recovered much of the losses during a very eventful June, which saw the Supreme Court decision on health care and yet another European "solution," set against a backdrop of brutally hot conditions throughout much of the Midwest and Eastern U.S.

Health Care Reform

Justice Roberts surprised everyone by siding with the liberal Supreme Court Justices to uphold most provisions of the Patient Protection and Affordable Care Act in late June. Of course Mitt Romney has promised to issue an executive order to temporarily exempt states in some fashion if he is elected. But political posturing aside, absent a complete Republican domination in November, it appears that the law will stand. The U.S. market's reaction was initially unfavorable when the ruling was heard. The Dow Jones Industrial Average was down 160 points shortly after the announcement. However, by the end of the day the decision didn't seem to dramatically affect the market one way or another, as most of the losses were eventually recovered.

While the ruling did not have a large effect on the market as a whole, it seemed to affect individual sectors and industries. Within the health care sector, the big winners were the hospital companies, which are now likely to get some reimbursement for the uninsured costs that they have had to previously write off. Medicaid can be a notoriously bad payer, with some estimates that hospitals recover only eight cents on the dollar for claims. However, eight cents is certainly an improvement from zero, which is basically what they receive for the uninsured now.

In the long term, the health care sector should benefit now that the decision has been made. Regardless of the ultimate costs and benefits, markets hate uncertainty and the health care landscape has been anything but certain for the past few years.

Europe

European leaders surprised the market on the last day of the month with an unexpected consensus on a new plan to rescue banks, relieve debt-burdened governments and restore investor confidence. The leaders agreed to pump money directly into stricken banks and let some countries tap into rescue money without submitting to stringent austerity requirements.

There was also agreement to work toward further economic union for European governments. As usual, the details were scarce. It is not clear how much sovereignty these troubled countries would be willing to give up in order to keep the money flowing. It is also questionable how long Germany will want to keep the money flowing without having some control over how it is spent. One thing that is clear: it will continue to be expensive. Seven euro countries are currently in recession and unemployment in the euro zone is approximately 11 percent overall.

Despite these long-term questions, markets were temporarily pleased with the latest European plan. After the announcement, the cost for Spain to borrow money on the bond market fell by more than half a percentage point, to 6.34 percent. Equity markets throughout the world had one of their best days of the year. The Dow Jones Industrial Average rose by 277 points and commodities surged. The price of oil increased $7.27 per barrel to $84.96, a gain of 9.4 percent, the biggest for oil since March 2009.

U.S. Economy

After a relatively strong stretch between December 2011 and February 2012, U.S. employers slowed their hiring, creating far fewer jobs in March, April and May than the previous three months. The headline unemployment rate ticked back up slightly to 8.2 percent.

It is hard for employers to justify hiring when U.S. economic growth continues to be sluggish. The final Gross Domestic Product (GDP) reading came in at 1.9 percent for the first quarter and is expected to be near that level for the second quarter as well.

But there have been some signs of life so far this year. Consumer spending has been fairly solid, although it seems to have been mostly funded by borrowing and reduced savings. Corporate earnings have done well, buoyed by lower input costs for both manufacturing (cheap natural gas) and financials (cheap money).

Although it is hard to directly link the sluggish economy to the near record heat that much of the country is experiencing, weather can have unpredictable effects on economic growth. The lack of winter snowfall combined with very limited spring precipitation has left Midwest soil severely dry. The drought in the Midwest is certainly affecting local economies as farmers struggle with very low crop yields for this time of the year. The net result is that some food commodity prices have surged. As of this writing, corn prices are at a record high $7.99 per bushel.

Aside from the potential multibillion-dollar problem that U.S. farmers face, the unrelenting heat may have finally put a floor under natural gas prices. Increased utility usage has caused gas prices to rise roughly 50 percent in the last few months. Natural gas is currently trading at roughly $3 per million BTU, which is still very low by historical measures.

Oil

Oil prices have been under pressure for the last three months, amid increased concerns about global growth. Demand has slowed at a time when supply has increased. U.S. inventories as of June 22 stood at 387,166 million barrels, significantly above what is normally expected at this time of the year. Summer is generally considered the peak season, with usage not dropping until early fall.

On the demand side, China has slowed manufacturing and export growth, and much of Europe is in recession. The U.S. is also not immune. The U.S. Energy Information Administration (EIA) estimates that total first-quarter U.S. liquid fuels consumption was down 3.7 percent from the prior year, likely due to a combination of higher prices and a relatively warm winter. For the rest of this year and in 2013, EIA expects a moderate increase of 1.2 percent and 0.6 percent respectively in liquid fuels consumption.

On the supply side, new sources have been coming online. In the U.S., we have increased production through additional drilling projects as well as nontraditional shale drilling efforts. Internationally, Libyan oil is flowing again and Saudi Arabia is producing at the high end of their range.

The delicate supply/demand balance that is working to keep oil prices in check right now is likely a short-term phenomenon. The EIA forecast as of June 25 calls for oil prices to be back over $100 per barrel by 2013.

Markets

 

Equity markets lost ground in the second quarter, as global growth concerns returned. U.S. large companies, as represented by the S&P 500 Index, lost 2.75 percent for the quarter but are still up 9.49 percent for the year. Real estate, as measured by the Wilshire REIT Index, had a good quarter to continue a good year, up 3.71 percent for the quarter and 14.90 percent year-to-date. Other growth assets have not fared as well: The MSCI EAFE, MSCI Emerging Markets, and DJ UBS Commodity Indexes were down 7.13 percent, 8.89 percent, and 4.55 percent respectively for the quarter.

Global concerns have benefited fixed income. The Barclays Capital Aggregate Bond Index, which represents the U.S. corporate bond universe, increased by 2.06 percent for the quarter and is up 2.37 percent for the year. The Barclays U.S. Inflation Linked Bond Index did even better, up 3.15 percent for the quarter and 4.04 percent for the year.

Outlook

Overall, the markets did not have a good quarter, but most are still showing solid gains for the first half of the year. However, we continue to remain cautious for the near-term future. Lower oil prices should help the U.S. economy in the short term, but markets will likely remain fragile and subject to periodic shocks. One potential shock is the upcoming "fiscal cliff," the $4 trillion of tax increases and automatic spending cuts that could be triggered by the end of the year. Europe still has shock potential as well. The sovereign debt crisis may have been put to rest temporarily, but the underlying problems will ultimately resurface.

Index Definitions

BarCap US Aggregate Bond Index TR – The U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS. The U.S. Aggregate rolls up into other Barclays Capital flagship indices such as the multi-currency Global Aggregate Index and the U.S. Universal Index, which includes high yield and emerging markets debt. The U.S. Aggregate Index was created in 1986, with index history backfilled to Jan. 1, 1976.

BarCap Global Aggregate Ex US Index TR Hedged USD – The Global Aggregate Index provides a broad-based measure of the global investment grade fixed-rate debt markets. The Global Aggregate Index contains three major components: the U.S. Aggregate (USD 300mn), the Pan-European Aggregate (EUR 300mn), and the Asian-Pacific Aggregate Index (JPY 35bn). In addition to securities from these three benchmarks (94.0 percent of the overall Global Aggregate market value as of Dec. 31, 2010), the Global Aggregate Index includes Global Treasury, Eurodollar (USD 300mn), Euro-Yen (JPY 25bn), Canadian (USD 300mn equivalent), and Investment Grade 144A (USD 300mn) index-eligible securities not already in the three regional aggregate indices. The Global Aggregate Index family includes a wide range of standard and customized subindices by liquidity constraint, sector, quality and maturity. A component of the Multiverse Index, the Global Aggregate Index was created in 1999, with index history backfilled to Jan. 1, 1990.

BarCap Global Inflation Linked Index TR Hedged USD – The Global Inflation-Linked Index (Series-L) includes securities which offer the potential for protection against inflation as their cash flows are linked to an underlying inflation index. All securities included in the index have to be issued by an investment-grade rated sovereign in its local currency. The list of eligible currencies is the same set of currencies eligible for inclusion in the Global Aggregate Index. The Global Inflation-Linked Index (Series-L) represents a standalone multi-currency index exposed to the real yield curve for each relevant currency. As such, the index does not contribute to the Global Aggregate Index. The Global Inflation-Linked Index (Series-L) was created on Oct. 31, 1997.

S&P 500 TR – A market capitalization-weighted index of 500 widely held stocks often used as a proxy for the stock market. It measures the movement of the largest issues. Standard & Poor's chooses the member companies for the 500 based on market size, liquidity and industry group representation. Included are the stocks of industrial, financial, utility and transportation companies. Since mid-1989, this composition has been more flexible and the number of issues in each sector has varied. The returns presented for the S&P 500 are total returns, including the reinvestment of dividends each month.

MSCI EAFE – The MSCI EAFE® Index (Europe, Australasia, Far East) is a free float-adjusted market capitalization index that is designed to measure developed market equity performance, excluding the U.S. and Canada. As of April 2002, the MSCI EAFE Index consisted of the following 21 developed market country indices: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.

MSCI EM USD – The MSCI EMF (Emerging Markets Free) Index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets. As of April 2002, the MSCI EMF Index consisted of the following 26 emerging market country indices: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Korea, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, Turkey and Venezuela.

DJ UBS Commodity TR USD – (Dow Jones-UBS Commodity IndexSM and Dow Jones-UBS Commodity Index Total ReturnSM) The DJ-UBSCISM family includes both the DJ-UBSCISM, which is calculated on an excess return basis, and the DJ-UBSCITRSM, a total return index based on the DJ-UBSCISM. The former reflects the return of underlying commodity futures price movements only, while the latter reflects the return on fully collateralized positions in the underlying commodity futures.

Wilshire US REIT TR – Introduced in 1991, the Wilshire REIT index is intended as a broad measure of the performance of publicly traded real estate equity. The index is market-capitalization weighted of publicly traded real estate securities, such as Real Estate Investment Trusts (REIT), Real Estate Operating Companies (REOC), and partnerships. The index is composed of companies whose charter is the equity ownership and operation of commercial real estate.

 

News Category: 
Wednesday, June 6, 2012

Barron's magazine lists The Standard as part of its recommended picks for The 50 Top Annuities. The Standard’s Focused Growth Annuity 5 ranked second in the category of Best in Class for Deferred Payment, Fixed Annuity with 5-Year Rate Guarantee.

"The Barron's article highlights that The Standard is manufacturing fixed annuities that have great consumer value for those looking for a conservative and safe place to invest their money," said Rich Lane, director of Individual Annuities Sales and Marketing. "Like the rest of the company, Individual Annuities' success is based on the founding principles of The Standard and the solid financials of our bond and mortgage portfolio."

Read the article, "Top 50 Annuities."

 

News Category: 
Thursday, March 22, 2012

The Standard has launched two enhanced retirement plan websites to provide advisors, employers and participants with a more informative and intuitive online experience. The two websites are: PlanNet®, a retirement plan management resource for advisors and employers, and Personal Savings Center, a financial savings and management tool for participants.

These online tools have been upgraded based on direct user feedback. PlanNet enhancements include improved navigation for quicker access to popular plan management tools, along with more prominent displays of key plan information, such as plan investment balances and participant activity. Similar enhancements have been made to Personal Savings Center, providing easier access to investment management tools and more prominent displays of key account information, such as current balance, investment return, contribution history and loan activity.

In addition, both websites have increased their use of graphics to help deliver key data and educational information in a more compelling and easier-to-understand format.

"These upgrades are a direct result of our strong collaboration with plan advisors and their clients," said Harley Spring, vice president of Plan Services. "As a result of their feedback, our customers' online experiences are now more intuitive and streamlined, making it easier to quickly access the most important information."

The Standard also recently enhanced its participant statements and enrollment communication materials. "Our high commitment to service has led to our ongoing and significant investments in the tools and resources necessary to help employees reach retirement readiness," Spring added. "We continually listen to advisors and employers to make sure we are delivering on our promises and adding long-term value to our partnerships."

Read more details about PlanNet.

Get more information about Personal Savings Center.

 

News Category: 
Tuesday, February 14, 2012

The Standard is focusing on the future by hosting three Blink® electric vehicle (EV) charging stations in a downtown Portland parking garage that serves employees and the public. The project is part of a federal study by the U.S. Department of Energy called The EV Project and is paid for in part by a public-private partnership that is managed by ECOtality.

Read more in the news release.

 

Thursday, August 1, 2013

 

INDEX-RATE ANNUITIES : SINGLE PREMIUM : RATE CAPS
 $15,000$100,000
Index Growth Annuity 52.05%2.30%
Index Growth Annuity 72.80%3.05%
Index Select Annuity 53.50%4.10%
Index Select Annuity 73.70%4.35%
Index Select Annuity 104.75%5.00%
Fixed Interest Account Crediting Rate1.00% 
FIXED-RATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
 $15,000$100,000
Secured Rate Annuity 1*2.65%2.75%
Secured Rate Annuity 51.65%1.75%
Secured Rate Annuity 61.85%1.95%
 $15,000$100,000
First Rate Annuity 7*4.00%4.10%
 $15,000$100,000
Focused Growth Annuity 52.40%2.50%
Focused Growth Annuity 62.45%2.55%
Focused Growth Annuity 72.65%2.75%
Focused Growth Annuity 102.80%2.90%
 $15,000$100,000
Advantage Growth Annuity 53.50%3.60%
Advantage Growth Annuity 73.85%3.95%
FIXED-RATE ANNUITIES : FLEXIBLE PREMIUM : CREDITING RATES
 $5,000$100,000
Principal Growth Annuity 5*2.40%2.50%
Principal Growth Annuity 7*2.55%2.65%
Principal Growth Annuity 9*2.65%2.75%
 $600 initial annual 
Flexible Premium Deferred Annuity2.20% 
IMMEDIATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
Tailored Income Annuity and Stable Income Annuity
  • Rate Change
  • Use code 080113 for illustrations.
  • Get 327 for August 1, 2013 rates and approvals.

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1.00%

Current TSA Loan Rate 4.23%

* The SRA 1 credits 1.00% bonus in the first year of deposit.
  The FRA 7 credits 2.00% bonus in the first year of deposit.
  The PGA 5, 7 and 9 credit 1.00% bonus in the first year of deposit.

“Standard & Poor’s 500” and “S&P 500®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Standard Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product.

Products of Standard Insurance Company. Policies # SRA, SRA-B, SPDA, SPDA-IA, FPDA and SPIA. The FGA includes an MVA. Product availability varies by state. The Life Income Commutation feature is not available in PA, TX or WA. The nursing home waiver is not available in MA. State specific conditions apply to the terminal condition waiver.

Rates effective August 1, 2013 and subject to change without notice. Product Availability varies by state.

 

News Category: 
Monday, May 20, 2013

The Need Is Urgent – The Payoff Is Productivity

May is Disability Insurance Awareness Month (DIAM). It's time to focus on helping employers understand the value of disability insurance. Not only can it protect your clients' workforce, disability insurance may also help their bottom line. Below are key facts and opportunities to share with your clients.

1. The Need: Most American Workers' Incomes Are Not Protected

About 100 million American workers are without private disability income insurance. And almost 70 percent of workers in the private sector have no private long-term disability insurance.1 That means there's a huge unmet need and untapped market for group disability insurance.

2. The Demand: Workers Value Their Ability To Earn An Income

In a recent survey, 90 percent of wage earners rated their "ability to earn an income" as "valuable" or "very valuable" in helping them achieve long-term financial security. Wage earners perceive their ability to earn an income as even more valuable than retirement savings, medical insurance, personal possessions, other forms of savings or their homes.2

Once employers realize how highly employees rank their ability to earn an income, they can better understand how much employees value income protection. Adding short term and long term disability insurance can enhance their employees’ sense of security and the value of their benefits package.

3. The Odds: Disabilities Are More Common Than People Think

The latest statistics from the Social Security Administration and the Council For Disability Awareness (CDA) show the odds of disability are higher than most people think:

  • Just over 1 in 4 of today's 20 year olds will become disabled before they retire.3
  • 64 percent of wage earners believe they have a 2 percent or less chance of being disabled for three months or more during their working career.4 The actual odds of becoming disabled for a worker entering the workforce today are about 25 percent.5
  • More than 37 million Americans are classified as disabled; about 12 percent of the total population. More than 50 percent of those disabled Americans are in their working years, from 18-64.6
  • The average group long term disability claim lasts 34.6 months.7

4. The Cost: Absent Employees Affect The Bottom Line

A recent Kronos/Mercer study showed that the combined total costs for incidental and extended absences, including disability, add up to 8.7 percent of payroll.8 This figure is more than half the cost of healthcare, which was measured at 13.6 percent of payroll.9 To break it down further, the total combined cost of extended disability absences equals 2.9 percent of payroll.10

To help employers understand the true cost of short term and long term disability absences, you can share these numbers, as well as a series of Productivity Insights created by The Standard that explores the issues.

5. The Solution: Using STD And LTD To Enhance Productivity

By offering disability insurance, even on a voluntary basis, employers have the opportunity to partner with a carrier with expertise in disability management. At The Standard, disability insurance is not an add-on, it's what we do. As part of our disability insurance plans, even small employers can take advantage of our expertise in claims management and helping employees on disability return to work.

For larger employers (1,000 or more covered lives), we offer our industry-leading Workplace PossibilitiesSM program, which places an on-site consultant at the worksite to partner with the HR team to proactively help keep employees at work or assist them in returning sooner. That can have a positive effect on productivity, profits and employees' lives.

More Reasons To Recommend Disability Insurance

Along with flexible plan designs that allow you to tailor coverage to your clients' needs and budgets, The Standard offers value-added features and services. For more reasons to recommend group disability insurance to your clients, visit our website:

 

1 Social Security Administration Fact Sheet, Feb. 7, 2013

2 Council for Disability Awareness, 2010 Consumer Disability Awareness Study

3 Social Security Administration Fact Sheet, Feb. 7, 2013

4 Council for Disability Awareness, Disability Statistics: http://www.disabilitycanhappen.org/chances_disability/disability_stats.asp

5 Social Security Administration Fact Sheet, Feb. 7, 2013

6 U.S. Census Bureau, American Community Survey, 2011

7 Gen Re, U.S. Group Disability Rate & Risk Management Survey 2012, based on claims closed in 2011

8 Survey on the Total Financial Impact of Employee Absence, Mercer, 2010. Available at: http://solutions.kronos.com/forms/q1-11-mlt-wnr-workforcecom-cost-of-absence-wp (Accessed April 17, 2013)

9 Mercer, National Survey of Employer-Sponsored Health Plans, 2009

10 Survey on the Total Financial Impact of Employee Absence, Mercer, 2010. Available at: http://solutions.kronos.com/forms/q1-11-mlt-wnr-workforcecom-cost-of-absence-wp (Accessed April 17, 2013)

 

 

News Category: 
Wednesday, May 1, 2013

 

INDEX-RATE ANNUITIES : SINGLE PREMIUM : RATE CAPS
 $15,000$100,000
Index Growth Annuity 52.00%2.00%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Index Growth Annuity 72.00%2.40%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Fixed Interest Account Crediting Rate1.50% 
FIXED-RATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
 $15,000$100,000
Secured Rate Annuity 1*2.20%2.30%
Secured Rate Annuity 51.15%1.25%
Secured Rate Annuity 61.45%1.55%
 $15,000$100,000
First Rate Annuity 7*3.55%3.65%
 $15,000$100,000
Focused Growth Annuity 51.45%1.55%
Focused Growth Annuity 62.05%2.15%
Focused Growth Annuity 72.10%2.20%
Focused Growth Annuity 102.45%2.55%
 $15,000$100,000
Advantage Growth Annuity 53.00%3.10%
Advantage Growth Annuity 73.45%3.55%
FIXED-RATE ANNUITIES : FLEXIBLE PREMIUM : CREDITING RATES
 $5,000$100,000
Principal Growth Annuity 5*2.00%2.10%
Principal Growth Annuity 7*2.10%2.20%
Principal Growth Annuity 9*2.20%2.30%
 $600 initial annual 
Flexible Premium Deferred Annuity1.70% 
IMMEDIATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
Tailored Income Annuity and Stable Income Annuity
  • Rate Change
  • Use code 050113 for illustrations.
  • Get 318 for May 1, 2013 rates and approvals.

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1.00%

Current TSA Loan Rate 4.27%

* The SRA 1 credits 1.00% bonus in the first year of deposit.
  The FRA 7 credits 2.00% bonus in the first year of deposit.
  The PGA 5, 7 and 9 credit 1.00% bonus in the first year of deposit.

“Standard & Poor’s 500” and “S&P 500®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Standard Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product.

Products of Standard Insurance Company. Policies # SRA, SRA-B, SPDA, SPDA-IA, FPDA and SPIA. The FGA includes an MVA. Product availability varies by state. The Life Income Commutation feature is not available in PA, TX or WA. The nursing home waiver is not available in MA. State specific conditions apply to the terminal condition waiver.

Rates effective May 1, 2013 and subject to change without notice. Product Availability varies by state.

 

News Category: 
Monday, April 29, 2013

       Brokers have a new opportunity to provide clients with robust income protection

Protector PlatinumSM, the flagship individual disability income (IDI) insurance product from The Standard Life Insurance Company of New York ("The Standard"), is now available in New York. Particularly well-suited for the high-income professional industries in New York, Protector Platinum provides comprehensive, competitively priced income protection.1

"The tri-state region of Connecticut, New Jersey and New York has some of the highest household incomes in the nation, making it a prime market for brokers to expand their IDI sales," says Steve Brady, second vice president, individual disability insurance sales at The Standard. "There are abundant opportunities to sell to high-income professionals in New York."

With the addition of Protector Platinum, The Standard's portfolio is uniquely suited to top-tier private employers and their high-earning employees. Serving policyholders in New York since 2000, The Standard also offers group short- and long-term disability, life, dental, vision and disability benefits law insurance and related products.

"Many high-income earning professionals may not be covered under a long-term disability (LTD) policy or may have income that exceeds the protection offered by an LTD policy," Brady said. "In those policies, maximum monthly benefits could only protect income up to $15,000 a month and might not cover bonuses or incentive pay, which can be a significant portion of their annual income."

Successful selling to this market is rooted in educating clients about the value of premier coverage and the benefits policyowners receive in addition to income protection.

Protector Platinum contracts in New York include:

  • Full benefits for the first six months of partial disability
  • Own occupation definition of disability for all occupations
  • Recovery benefit
  • Medical and legal specialty protection
  • Automatic increase benefit

The availability of Protector Platinum in New York also provides an opportunity for brokers to sell on a guarantee issue (GI) basis. Although Protector Platinum is available on an individually underwritten basis, brokers can now quote multistate GI cases for employers who have employees based in New York.

 

1 This policy provides disability income insurance only. It does not provide basic hospital, basic medical or major medical insurance as defined by the New York State Insurance Department. The expected benefit ratio is at least 55% for individual coverage and at least 60% for franchise and guarantee issue coverage. This ratio is the portion of future premiums, which The Standard expects to return as benefits when averaged over all people with the applicable policy.

The Protector Platinum policy has exclusions and limitations and terms under which the policy may be continued in force or discontinued. For complete costs and coverage details, please contact your insurance representative or The Standard at 800.378.6057.

 

News Category: 
Friday, April 5, 2013

In a recent article for LifeHealthPro.com, John West, director of product management for The Standard, outlines the key ways to help clients understand the need for electronic enrollment technology. Implementation of automation technology could potentially assist in increasing enrollment and contributing to customer retention.

Read the LifeHealthPro.com article by John West, "7 Ways To Ease The Adoption Of Enrollment Technology," (March 26, 2013).

 

Sunday, March 31, 2013

 

INDEX-RATE ANNUITIES : SINGLE PREMIUM : RATE CAPS
 $15,000$100,000
Index Growth Annuity 52.00%2.00%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Index Growth Annuity 72.00%2.40%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Fixed Interest Account Crediting Rate1.50% 
FIXED-RATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
 $15,000$100,000
Secured Rate Annuity 1*2.30%2.40%
Secured Rate Annuity 51.25%1.35%
Secured Rate Annuity 61.55%1.65%
 $15,000$100,000
First Rate Annuity 7*3.65%3.75%
 $15,000$100,000
Focused Growth Annuity 51.55%1.65%
Focused Growth Annuity 62.15%2.25%
Focused Growth Annuity 72.20%2.30%
Focused Growth Annuity 102.55%2.65%
 $15,000$100,000
Advantage Growth Annuity 53.10%3.20%
Advantage Growth Annuity 73.55%3.65%
FIXED-RATE ANNUITIES : FLEXIBLE PREMIUM : CREDITING RATES
 $5,000$100,000
Principal Growth Annuity 5*2.00%2.10%
Principal Growth Annuity 7*2.20%2.30%
Principal Growth Annuity 9*2.30%2.40%
 $600 initial annual 
Flexible Premium Deferred Annuity1.80% 
IMMEDIATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
Tailored Income Annuity and Stable Income Annuity
  • Rate Change
  • Use code 040113 for illustrations.
  • Get 316 for April 1, 2013 rates and approvals.

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1.00%

Current TSA Loan Rate 4.27%

* The SRA 1 credits 1.00% bonus in the first year of deposit.
  The FRA 7 credits 2.00% bonus in the first year of deposit.
  The PGA 5, 7 and 9 credit 1.00% bonus in the first year of deposit.

“Standard & Poor’s 500” and “S&P 500®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Standard Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product.

Products of Standard Insurance Company. Policies # SRA, SRA-B, SPDA, SPDA-IA, FPDA and SPIA. The FGA includes an MVA. Product availability varies by state. The Life Income Commutation feature is not available in PA, TX or WA. The nursing home waiver is not available in MA. State specific conditions apply to the terminal condition waiver.

Rates effective April 1, 2013 and subject to change without notice. Product Availability varies by state.

 

News Category: 
Tuesday, March 12, 2013

     New product in The Protector SeriesSM competitively priced, attractive to middle-income workers

A new disability insurance offering from The Standard provides brokers with the opportunity to reach a largely untapped market. The Standard announced the launch of its newest Individual Disability Income (IDI) insurance product, Protector EssentialSM, which is designed to meet the income protection needs of middle-income earners.

"There are certain professions that are often underserved by the disability insurance market," said Steve Brady, second vice president, Individual Disability Insurance Sales at The Standard. "With many workers' savings depleted by the Great Recession, they often don't have the reserves to withstand a disruption in their annual income. There is a real opportunity here to get a quality product to those who need it."

The primary market for Protector Essential includes individuals making $75,000 or less annually, including occupations such as hairstylists, electricians or administrative assistants, and medical occupations such as physical therapists, dental hygienists and registered nurses.

"Protector Essential provides access to income protection for first-time IDI buyers and price-sensitive customers, a market need based on input from master general agents and producers," Brady said. "Customers electing Protector Essential receive The Standard's superior claims service and expertise as well as the company's commitment to a quality individual disability insurance product."

Now available in 27 states, Protector Essential includes the following features:

  • Guaranteed renewable
  • Regular Occupation coverage to the maximum benefit period for all occupation classes
  • No limitation on coverage for mental disorder and/or substance abuse
  • Rehabilitation Benefit
  • Residual Disability Benefit
  • Lump Sum Recovery Benefit
  • Ability to customize coverage with optional riders including Cost of Living and Catastrophic Disability Benefit

A Future Purchase Option will be available by the third quarter of this year.

To begin quoting Protector Essential or writing individual disability income insurance policies with The Standard, producers can contact getinfo@standard.com or 800.992.4446 for more information.

The Protector Essential policy has exclusions and limitations and terms under which the policy may be continued in force or discontinued. Some policy provisions and available riders may vary by state. Optional riders are subject to underwriting and reinsurance availability, and may increase premiums. For complete cost and coverage details, please contact your insurance representative or The Standard at 800.247.6888.

 

News Category: 
Thursday, February 28, 2013

 

INDEX-RATE ANNUITIES : SINGLE PREMIUM : RATE CAPS
 $15,000$100,000
Index Growth Annuity 52.00%2.55%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Index Growth Annuity 72.75%3.40%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Fixed Interest Account Crediting Rate1.50% 
FIXED-RATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
 $15,000$100,000
Secured Rate Annuity 1*2.45%2.55%
Secured Rate Annuity 51.40%1.50%
Secured Rate Annuity 61.70%1.80%
 $15,000$100,000
First Rate Annuity 7*3.80%3.90%
 $15,000$100,000
Focused Growth Annuity 51.70%1.80%
Focused Growth Annuity 62.30%2.40%
Focused Growth Annuity 72.35%2.45%
Focused Growth Annuity 102.70%2.80%
 $15,000$100,000
Advantage Growth Annuity 53.25%3.35%
Advantage Growth Annuity 73.70%3.80%
FIXED-RATE ANNUITIES : FLEXIBLE PREMIUM : CREDITING RATES
 $5,000$100,000
Principal Growth Annuity 5*2.15%2.25%
Principal Growth Annuity 7*2.35%2.45%
Principal Growth Annuity 9*2.45%2.55%
 $600 initial annual 
Flexible Premium Deferred Annuity1.95% 
IMMEDIATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
Tailored Income Annuity and Stable Income Annuity
  • Rate Change
  • Use code 030113 for illustrations.
  • Get 312 for March 1, 2013 rates and approvals.

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1.00%

Current TSA Loan Rate 3.92%

* The SRA 1 credits 1.00% bonus in the first year of deposit.
  The FRA 7 credits 2.00% bonus in the first year of deposit.
  The PGA 5, 7 and 9 credit 1.00% bonus in the first year of deposit.

“Standard & Poor’s 500” and “S&P 500®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Standard Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product.

Products of Standard Insurance Company. Policies # SRA, SRA-B, SPDA, SPDA-IA, FPDA and SPIA. The FGA includes an MVA. Product availability varies by state. The Life Income Commutation feature is not available in PA, TX or WA. The nursing home waiver is not available in MA. State specific conditions apply to the terminal condition waiver.

Rates effective March 1, 2013 and subject to change without notice. Product Availability varies by state.

 

News Category: 
Tuesday, January 22, 2013

 

INDEX-RATE ANNUITIES : SINGLE PREMIUM : RATE CAPS
 $15,000$100,000
Index Growth Annuity 52.00%2.55%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Index Growth Annuity 72.00%2.00%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Fixed Interest Account Crediting Rate1.50% 
FIXED-RATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
 $15,000$100,000
Secured Rate Annuity 1*2.30%2.40%
Secured Rate Annuity 51.25%1.35%
Secured Rate Annuity 61.55%1.65%
 $15,000$100,000
First Rate Annuity 7*3.65%3.75%
 $15,000$100,000
Focused Growth Annuity 51.55%1.65%
Focused Growth Annuity 62.10%2.20%
Focused Growth Annuity 72.15%2.25%
Focused Growth Annuity 102.50%2.60%
 $15,000$100,000
Advantage Growth Annuity 53.10%3.20%
Advantage Growth Annuity 73.50%3.60%
FIXED-RATE ANNUITIES : FLEXIBLE PREMIUM : CREDITING RATES
 $5,000$100,000
Principal Growth Annuity 5*2.00%2.10%
Principal Growth Annuity 7*2.20%2.30%
Principal Growth Annuity 9*2.25%2.35%
 $600 initial annual 
Flexible Premium Deferred Annuity1.80% 
IMMEDIATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
Tailored Income Annuity and Stable Income Annuity
  • Rate Change
  • Use code 012213 for illustrations.
  • Get 311 for January 22, 2013 rates and approvals.

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1.00%

Current TSA Loan Rate 3.92%

* The SRA 1 credits 1.00% bonus in the first year of deposit.
  The FRA 7 credits 2.00% bonus in the first year of deposit.
  The PGA 5, 7 and 9 credit 1.00% bonus in the first year of deposit.

“Standard & Poor’s 500” and “S&P 500®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Standard Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product.

Products of Standard Insurance Company. Policies # SRA, SRA-B, SPDA, SPDA-IA, FPDA and SPIA. The FGA includes an MVA. Product availability varies by state. The Life Income Commutation feature is not available in PA, TX or WA. The nursing home waiver is not available in MA. State specific conditions apply to the terminal condition waiver.

Rates effective January 22, 2013 and subject to change without notice. Product Availability varies by state.

 

News Category: 
Tuesday, January 1, 2013

 

INDEX-RATE ANNUITIES : SINGLE PREMIUM : RATE CAPS

 $15,000$100,000
Index Growth Annuity 52.00%2.55%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Index Growth Annuity 72.00%2.00%
 [an error occurred while processing this directive] w/Principal Guarantee[an error occurred while processing this directive] w/Principal Guarantee
Fixed Interest Account Crediting Rate1.50% 
FIXED-RATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
 $15,000$100,000
Secured Rate Annuity 1*2.15%2.25%
Secured Rate Annuity 51.10%1.20%
Secured Rate Annuity 61.40%1.50%
 $15,000$100,000
First Rate Annuity 7*3.50%3.60%
 $15,000$100,000
Focused Growth Annuity 51.40%1.50%
Focused Growth Annuity 61.95%2.05%
Focused Growth Annuity 72.00%2.10%
Focused Growth Annuity 102.50%2.60%
 $15,000$100,000
Advantage Growth Annuity 53.00%3.10%
Advantage Growth Annuity 73.35%3.45%
FIXED-RATE ANNUITIES : FLEXIBLE PREMIUM : CREDITING RATES
 $5,000$100,000
Principal Growth Annuity 5*2.00%2.10%
Principal Growth Annuity 7*2.05%2.15%
Principal Growth Annuity 9*2.15%2.25%
 $600 initial annual 
Flexible Premium Deferred Annuity1.65% 
IMMEDIATE ANNUITIES : SINGLE PREMIUM : CREDITING RATES
Tailored Income Annuity and Stable Income Annuity
  • Rate Change
  • Use code 010113 for illustrations.
  • Get 310 for January 1, 2013 rates and approvals.

 

Minimum Contract Guarantee Rate 1.00%

Fixed-Interest Minimum Guaranteed Rate 1.00%

Current TSA Loan Rate 3.92%

* The SRA 1 credits 1.00% bonus in the first year of deposit.
  The FRA 7 credits 2.00% bonus in the first year of deposit.
  The PGA 5, 7 and 9 credit 1.00% bonus in the first year of deposit.

“Standard & Poor’s 500” and “S&P 500®” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Standard Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product.

Products of Standard Insurance Company. Policies # SRA, SRA-B, SPDA, SPDA-IA, FPDA and SPIA. The FGA includes an MVA. Product availability varies by state. The Life Income Commutation feature is not available in PA, TX or WA. The nursing home waiver is not available in MA. State specific conditions apply to the terminal condition waiver.

Rates effective January 1, 2013 and subject to change without notice. Product Availability varies by state.

 

News Category: 
Tuesday, June 4, 2013

     PolicyLinkSM Dental + Vision Plan combines premium products into one affordable offering

Small-business owners interested in providing employees quality dental and vision insurance benefits without incurring the expenses of administering two plans can now offer PolicyLinkSM Dental + Vision Plan, the newest product from The Standard. PolicyLink Dental + Vision Plan combines two valued employee benefits, dental and vision, into a single, affordable plan.

"For many small businesses, dental and vision benefits are in a second tier of offerings," said Griff Bailey, second vice president, Dental, at The Standard. "Most will offer health benefits first, and add ancillary dental and vision benefits once they're able. PolicyLink Dental + Vision Plan makes these products more accessible to small-business owners, allowing them to provide dental and vision insurance with minimal extra cost and enjoy streamlined administration."

PolicyLink Dental + Vision Plan allows employers to choose their benefits offerings from The Standard's eligible dental products and determine a plan maximum. Within that overall plan maximum, employers can designate an amount for their vision maximum benefit from four options: $150, $200, $300 and $350.

This provides employees with a flexible approach to managing their care. If an employee doesn't require vision care this year, he or she will have the full plan maximum available for dental care. If he or she were to use only a portion of the allotted vision care amount, the remaining money could be put toward dental care.

"Small businesses face a constant struggle, balancing the pressures of running an organization with the need to offer robust benefits to attract qualified employees," Bailey said. "Recent LIMRA data suggests only 25 percent of small businesses offer dental plans, while only 21 percent offer vision.1 Producers can offer PolicyLink Dental + Vision Plan as a solution for clients with tight budgets and limited resources."

To learn more about PolicyLink Dental + Vision Plan, call the Employee Benefits Sales and Service Office for your area at 800.633.8575.

This policy has exclusions, limitations, reductions of benefits, and terms under which the policy may be continued in force or terminated. Please contact The Standard for additional information, including costs and complete details of coverage.

 

1 LIMRA Study Finds Less than Half of Small Businesses Offer Employee Benefits. LIMRA website. 2013. Available at: http://www.limra.com/Posts/PR/News_Releases/LIMRA_Study_Finds_Less_than_Half_of_Small_Businesses_Offer_Employee_Benefits.aspx. Accessed May 28, 2013.

 

News Category: 
Tuesday, March 5, 2013

The average net worth for an American employee has fallen significantly in the last 10 years. This decrease is contributing to changing workplace demographics and an increased need for group disability insurance and related services, such as absence management, according to recent industry analysis by The Standard.

"The recession, along with higher health care costs and a multigenerational workforce, is creating a unique situation for employers," said Alex Dumont, assistant vice president, product marketing at The Standard. "Lower employee net worth has made it necessary for baby boomers to have a longer employment tenure to recoup money lost during the Great Recession. This is affecting the upward trajectory of Generation X and millennials and will shift the current cost structure under which employers are operating."

As many baby boomers are forced to delay retirement, they are inadvertently creating a workplace with higher likelihood of serious illness or injury. This can strain employer health care costs. Research shows that the cost of health care claims increases every 10 years for men beginning at age 45 and for women beginning at age 35.1

To keep baby boomers productive and reduce the likelihood of a disability leave, it is increasingly important to have return-to-work, stay-at-work and wellness programs available.

Younger age groups are facing their own financial challenges, often doing more with less. Their personal wealth is suffering for many reasons, including slowed upward movement and increased family responsibilities – such as caring for children and aging parents.

"We've seen the cost of caring for children and aging parents rise over the last 10 years, placing a significant financial burden on Generation X and millennials," Dumont said. "These generations – sometimes referred to as the 'sandwich generation' – are more likely to use family and medical leave benefits to care for family members. They are not afraid to use these benefits, especially since they can't always afford to pay for family care services."

To help employers manage costs associated with family medical leave, The Standard suggests providing workers with more flexibility, including options for where and when they complete their work. In addition, a comprehensive absence management program available through an employer's disability provider is helpful for tracking utilization of family medical leave to ensure the leaves are managed correctly, reducing the burden on HR staff.

To learn more about disability programs, including Workplace PossibilitiesSM from The Standard, and best practices for managing employee absence and disability, visit www.workplacepossibilities.com.

 

1 The Center on Aging & Work at Boston College. June 2007. Does Health Insurance Affect the Employment of Older Workers? Accessed January 23, 2013.

 

News Category: 
Wednesday, June 12, 2013

The Standard Charitable Foundation, The Standard, and its employees and retirees together contributed more than $2.4 million across the nation last year to nonprofits. Giving focused on nonprofit organizations that share the company's emphasis on education, disability and empowerment, cultural development and healthy communities.

Through the company's matching gift program, employees and retirees donated to nearly 1,000 nonprofits in communities where employees and customers of The Standard live and work. The Standard's employees also volunteered thousands of hours in their communities on company-donated time.

"In 2012, employees of The Standard donated their time, expertise and money to nonprofit organizations that help children learn and grow, feed and house those who face barriers to success, improve our environment and support the arts," said Greg Ness, chairman, president and CEO of The Standard.

The Standard's 2012 Report to the Community outlines the company's philanthropic giving and highlights The Standard's employee volunteer and sustainability efforts. Below are a few highlights from the report:

  • The Standard's Volunteer Expo, held annually in Portland and Cincinnati, connects regional nonprofit organizations with employees and other members of the community, helping them find volunteer opportunities that match their skills and interests.
  • The Standard supported Junior Achievement's Finance Park, a mobile, mini-city with 16 "businesses" created to provide a relevant, high-impact personal financial literacy program for middle and high school students. Charitable support from The Standard ensures this resource travels across Oregon and Southwest Washington giving young people the opportunity to learn about protecting their income with insurance and other tools.
  • A 2009 fire destroyed Dougy Center, a national nonprofit organization that provides help for children, teens, young adults and their families who are grieving a death. A $25,000 grant from The Standard helped the Center to rebuild and reopen.

View the 2012 Report to the Community. Since 2006, The Standard Charitable Foundation, The Standard and its employees and retirees have contributed nearly $15 million in grants and social investments. See additional information about corporate community involvement.

 

Tuesday, April 9, 2013

     Leadership build day kicks off a partnership providing homes for two families in need

On Thursday, April 11, 2013, at the Orchards Project in southeast Portland, The Standard will launch a partnership with Habitat for Humanity to build new homes for two families in need. In celebration of the partnership, Greg Ness, chairman, president and CEO of The Standard, will be joined by more than 30 members of The Standard's leadership team who will spend the day working at the SE Portland build site. Ness and his colleagues will strap on tool belts, swing hammers and raise the first wall.

"Habitat for Humanity provides a unique community benefit, helping those in need by engaging them in the hands-on construction of their future homes together with community volunteers," said Greg Ness. "At The Standard, we place high value on building healthy and sustainable communities, and we are proud to offer the financial support and employee volunteers necessary to build new homes with two families."

From April through October 2013, The Standard will encourage its more than 2,250 Oregon employees to participate in the build. As an additional incentive, employees will receive eight hours of paid time off to participate in the project.

"Thanks to the volunteer hours and donations provided by The Standard and its employees, we're creating a decent, affordable place to live for two families who desperately need it," said Steve Messinetti, president and CEO of Habitat for Humanity Portland/Metro East. "With the generous support of companies like The Standard, we can continue building the community we want to live in; the community where everyone has a safe place to call home."

Habitat for Humanity is also the beneficiary of The Standard's 2013 Jeans Day program, which gives employees the opportunity to wear jeans to work on Fridays in exchange for a donation of $100 to a nonprofit organization chosen annually by The Standard. Through the Jeans Day program and a dollar-for-dollar match by The Standard, more than $175,000 has been raised for Habitat for Humanity to support construction of the homes.

For more information about community involvement at The Standard, visit www.standard.com/community.

 

Tuesday, March 26, 2013

     Employee participation was a record-breaking 51 percent, up ten percent from 2011

During the 2012 Employee Giving Campaign, current and retired employees at The Standard pledged more than $870,000 benefiting more than 1,127 nonprofit organizations. After a dollar-for-dollar match by The Standard, total nonprofit contributions from the 2012 campaign will exceed $1.7 million.

Employee participation was a record-breaking 51 percent compared with 41 percent in 2011. These contributions, which are in addition to The Standard's regular corporate giving, are distributed to nonprofit organizations during 2013.

Habitat for Humanity is the beneficiary of The Standard's innovative Jeans Day program. The program encourages employees of The Standard to give $100 to Habitat for Humanity in exchange for the right to wear jeans to work on Fridays during 2013. The Standard matches these donations dollar-for-dollar, providing employees with an added incentive to give.

"The Standard's annual employee giving campaign continues to reflect the depth of our employees' commitment to supporting nonprofits and ultimately the well-being of their communities," said Greg Ness, chairman, president and chief executive officer of The Standard. "More employees than ever are participating, and through their remarkable generosity they are helping hundreds of nonprofit organizations serve the communities in which we work and live," Ness added.

More than 1,500 current and retired employees pledged support during the campaign.

The following are among the many organizations receiving support (figures cited include pledges by employees and retirees and the dollar-for-dollar match by The Standard):

 

Portland Habitat for Humanity/Metro East$154,000
Oregon Food Bank$70,000
Work for Art$50,000
Mercy Corps$37,000
Oregon Humane Society$36,000
Oregon Public Broadcasting$32,000
Lake Oswego School District Foundation$25,000
University of Oregon Foundation$22,000
The Standard Charitable Foundation$19,000
Lewis & Clark College$16,000

 

For more information about community involvement at The Standard, visit www.standard.com/community.

 

Thursday, October 10, 2013

Health care reform and the Affordable Care Act (ACA) will change the face of medical coverage for many Americans over the next several years. But contrary to some of the misconceptions that exist, there's no reason to make any changes to your dental or vision plans.

To help make sure you have the facts about dental and vision coverage in relation to the ACA, we've dispelled six common myths.

Myths And Misconceptions About Health Care Reform

MythEmployers must purchase dental benefits through a health insurance exchange.
FactEmployers are not required to purchase dental benefits through an exchange.

 

MythEmployers are required to purchase adult and child dental and vision benefits.
FactEmployers do not have to purchase any dental or vision benefits in or out of an exchange.

 

MythAnyone purchasing medical coverage through an exchange must purchase pediatric dental and vision benefits.
FactEmployers and individual consumers are not required to purchase any pediatric or adult dental benefits in an exchange. Depending on the state, employers and individual consumers may purchase pediatric dental benefits from stand-alone dental carriers or packaged with medical coverage in or out of an exchange. Pediatric vision coverage will be embedded in the medical plan.

 

MythPurchasing a medical plan that includes dental benefits is cheaper than purchasing separate medical and dental plans.
Fact

Combining medical and dental benefits in one insurance policy could mean a large combined deductible. In that case, children's non preventive dental expenses are not covered until the medical deductible is satisfied.

Today, about 98 percent of Americans with dental coverage have a dental benefit policy separate from their medical policy.* Most medical plans with pediatric dental and vision benefits do not include adult coverage.

*National Association of Dental Plans, "Offering Dental Benefits in Health Exchanges: A Roadmap for Federal and State Policymakers," September 2011.

 

MythEmployers with fewer than 25 eligible employees may receive tax credits when they provide dental coverage.
FactEmployers do not have to purchase dental coverage to get tax credits. Employer tax credits are based on medical coverage and are only available when purchasing in an exchange, and only in 2014 and 2015.

 

MythEmployees who are at or under 400 percent of the federal poverty level* will receive a health care subsidy (premium tax credit).
Fact

Employees of small employers (50 or fewer employees) who purchase benefits in the SHOP exchange will not receive premium tax credits.

Only individuals who purchase benefits in the public individual exchange can obtain premium tax credits to help with medical premiums.

*Poverty levels are defined by the federal government, and then determined by each state.

 

Myth Vs. Fact Illustration

Help your colleagues understand the facts about health care reform by downloading and sharing this illustration.

(Click to view full-size image)

 

News Category: 
Tuesday, September 10, 2013

StanCorp Financial Group, Inc. today announced strategic changes in its executive leadership team.

Jim Harbolt has been named vice president of Asset Management and will assume leadership of the Asset Management segment, which includes retirement plans, individual annuities and StanCorp Investment Advisers. Harbolt was previously co-leader of the Insurance Services segment.

Dan McMillan has been named vice president of Employee Benefits, and will assume leadership of this business. McMillan was previously co-leader of the Insurance Services segment, which included employee benefits and the individual disability segment.

Katherine Durham, vice president of Corporate Marketing and Communications will assume responsibility for the individual disability insurance business along with her current duties.

Scott Hibbs has been appointed vice president and chief investment officer. In addition to his current responsibilities overseeing commercial mortgage loan investments, Hibbs will lead the fixed income investment team and will oversee the investment strategies for StanCorp, including optimizing investment performance within the Company's asset liability management program. Hibbs was previously vice president of Asset Management.

"We are fortunate to have very strong leaders at StanCorp and these changes are an important part of our executive development process," said Greg Ness, chairman, president and chief executive officer. "We have a philosophy of creating opportunities to broaden our leaders' skills and expertise across the Company and to deepen their management perspective. This is how we grow leaders at StanCorp."