Portland, Ore.--BUSINESS WIRE--Jul. 22, 2009-- Standard Insurance Company (“The Standard”), a subsidiary of StanCorp Financial Group, Inc. (NYSE: SFG), announced today the launch of Your Choice Group Voluntary Long Term Disability (LTD) insurance. Available in most states, Your Choice offers employees traditional LTD features combined with certain Short Term Disability (STD) features. This flexible product allows employees to choose the coverage and features that best meet their personal income-protection needs.
“Your Choice is an affordable way for employers to help employees protect their income, their lifestyles and their families,” said Luce Giroux, Second Vice President of Product Management. “It’s a win for everyone. For the employer, administration is simplified since one plan can meet all of their employees’ disability needs. For the employee, it’s all about choice.”
With Your Choice coverage, employees can select the features that they feel best match their personal income-protection needs. These choices include three available Maximum Benefit Period options, six available accident/sickness Benefit Waiting Periods and Monthly Benefit Amounts that can be selected in $100 increments.
In addition to its many other wide-ranging income-protection features, for groups with 10 to 2,499 insured employees, Your Choice includes a confidential Employee Assistance Program (EAP) provided through an arrangement with Horizon Behavioral Services, Inc. The EAP helps employees and their families address problems such as stress and anxiety, financial and legal concerns, alcohol and drug abuse and child or elder care.
About StanCorp Financial Group, Inc.
StanCorp Financial Group, Inc., through its subsidiaries marketed as The Standard--Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, StanCorp Mortgage Investors, StanCorp Investment Advisers, StanCorp Real Estate and StanCorp Equities--is a leading provider of financial products and services. StanCorp’s subsidiaries serve approximately 8.3 million customers nationwide as of June 30, 2009, with group and individual disability insurance, group life, AD&D and dental insurance, retirement plans products and services, individual annuities and investment advice. For more information about StanCorp Financial Group, Inc., visit www.stancorpfinancial.com. SOURCE: StanCorp Financial Group, Inc.