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Last updated June 15, 2009
Founded in 1906 by German immigrant Leo Samuel, The Standard Insurance Company has expanded to provide coverage for over 8.5 million people. The Standard is a leading provider of financial services and products such as individual disability insurance, dental insurance, retirement plans, annuities and group life insurance.
The Standard Insurance Company, also branded as “The Standard” is an American insurance and financial company. It’s a subsidiary of StanCorp Financial Group, headquartered in Portland, Oregon.
The Standard had 8.5 million individual customers (as of June 30, 2008) in the United States and more than 30,000 employers with group and individual disability insurance, AD&D and dental insurance, retirement plans products and services and individual annuities. The company is licensed in 49 states and Washington, DC. In New York, it has Standard Life Insurance Company of New York.
The company’s assets total about $14.5 billion (March 31, 2009) with a December 2005 revenue of roughly $2.1 billion.
One of The Stanford Insurance Company’s primary lines is group life insurance. This type of insurance provides protection for a limited amount of time in return for a specific premium. It can be extended but the premium will increase.
Contact The Standard at:
Standard Insurance Company 1100 SW Sixth Ave. Portland, OR 97204 Telephone: (800) 247-6888
Sources: “Life Insurance,” The Standard web site, 2009; “Financial Strength,” The Standard web site, 2009; “Standard Insurance Company,” Wikipedia, 2009