Standard Insurance Company Introduces Preferred Professional Long Term Disability (LTD) Coverage to Maximize Income Protection for Physician Groups
Tuesday, December 5th, 2006PORTLAND, Ore., May 2 /PRNewswire/ — Standard Insurance Company (”The Standard”), a subsidiary of StanCorp Financial Group, Inc. (NYSE: SFG) announces Preferred Professional Long Term Disability (LTD) coverage for physician groups, designed for the income protection needs of highly- compensated professionals.
Preferred Professional coverage includes options to increase benefit amounts, provide additional benefit coverage, extend benefits duration and add an Own Specialty definition of disability for physicians. A robust Employee Assistance Program is automatically included for groups of 15 - 2,500 employees and a dedicated claims team for professional groups provides expert service.
“Physicians make a significant career investment,” said Jane Hood, vice president of Employee Benefits Marketing. “Preferred Professional coverage offers them the most sought-after group LTD features and benefits, with options they can use to shape a plan that serves their unique financial needs.”
Additional benefit options include: Pension Contribution Benefit, Employer Income Protection Benefit, Dependent Education Benefit, and Family Care Expenses Adjustment. Preferred Professional coverage is for groups of 15 or more; Standard Select coverage is offered for small physician groups of 2 - 15 members.
About StanCorp Financial Group, Inc.
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 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 http://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.
Investor Relations and Financial Media
Jeff Hallin
Telephone: (971) 321-6127
E-mail: jhallin@standard.com
Corporate Information
Tiana Tozer
Telephone: (971) 321-7051
E-mail: ttozer@standard.com
Web site: http://www.stancorpfinancial.com