Standard Insurance Company Unveils New Advice Service for Retirement Plan Participants
PORTLAND, Ore., March 23 /PRNewswire/ — Standard Insurance Company (”The Standard”), a subsidiary of StanCorp Financial Group, Inc. (NYSE: SFG), has created a new retirement savings tool, Portfolio Progression, for retirement plan participants.
Portfolio Progression creates a personal investment strategy based on a participant’s individual risk tolerance and target retirement age. The service automatically transitions the participant’s retirement portfolio to increasingly conservative allocations between the date of enrollment in the service and the target retirement age. A questionnaire completed by each participant helps determine which of six asset allocations — ranging from very conservative to very aggressive — to choose as a starting portfolio.
“Portfolio Progression is the logical evolution of the age-targeted funds that are popular in today’s marketplace,” said Chris Dugan, manager of retirement plans marketing. “For investors who want a true ‘do-it-for-me’ investment strategy, this is an effective solution. It’s easy, it’s personal, and it’s long term.”
The Portfolio Progression service relies on StanCorp Investment Advisers to manage the fund selection for each portfolio allocation. Enrolling is designed to take only 10 to 15 minutes. There is no fee to use the service.
About The Standard
StanCorp Financial Group, Inc. (”StanCorp”) (NYSE: SFG) through its subsidiaries marketed as The Standard — Standard Insurance Company, The Standard Life Insurance Company of New York, StanCorp Investment Advisers, StanCorp Equities, Inc., StanCorp Trust Company and StanCorp Mortgage Investors — is a leading provider of financial products and services. The Standard serves approximately 7.4 million customers nationwide as of December 31, 2005, with group and individual disability insurance, group life and dental insurance, retirement products and services and investment advice. Founded in 1906 as Oregon Life Insurance Company, The Standard is celebrating 100 years of helping people achieve financial security. For more information about The Standard visit www.standard.com.
Disclosure
Information in this news release includes certain statements related to projected growth and future events. These statements are “forward-looking” statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Because such statements are subject to risks and uncertainties, actual results in future periods may differ materially from those expressed or implied by such forward-looking statements. See StanCorp’s 2005 annual report on Form 10-K and most recent Form 10-Q filed with the Securities and Exchange Commission for a description of the types of uncertainties and risks that may affect actual results.
03/23/2006
CONTACT:
Product Information,
Chris Dugan, Manager, Retirement Plans Marketing,
503-321-7551, or cdugan@standard.com,
or
Corporate Information,
Tiana Tozer,
Public Relations Specialist,
503-321-7051, or ttozer@standard.com,
or
Investor Relations and Financial Media,
Jeff Hallin, Second Vice President, Investor Relations and Financial Planning,
503-321-6127, or jhallin@standard.com
Web site: http://www.standard.com