Standard Insurance Company (“The Standard”),
a subsidiary of StanCorp Financial Group, Inc. (NYSE: SFG), has
introduced a web-based tool that streamlines the benefits enrollment
process and reduces the administrative burden on employers.
Designed to maximize enrollment and minimize work for employers, the
online tool provides employers with a convenient, secure and automated
enrollment solution. To make the process as easy as possible, The
Standard handles the initial setup and creates a tailored enrollment
process for each employee based on individual eligibility. Employers can
use the tool’s robust billing and reporting
options to get the information they need in real time.
“Conducting enrollments and administering
benefit plans can be a burden for many employers,”
said Jane E. Hood, vice president of Employee Benefits Marketing. “The
Standard has a solution. Our secure, flexible, web-based tool simplifies
the enrollment process for both employers and employees.”
The online tool guides employees through the online enrollment process,
providing comparison tools to help them make informed decisions. In
addition, employers can manage annual and new-hire enrollments and
life-change events, as well as view current and historical eligibility
data. The new tool will be available to customers through tailored
microsites.
About The Standard
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 Equities, StanCorp Real Estate, and StanCorp Trust Company–is
a leading provider of financial products and services. StanCorp’s
subsidiaries serve approximately 8.5 million customers nationwide as of
June 30, 2008, 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.
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 latest 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.
Standard Insurance Company
Bob Speltz, 971-321-3162
bspeltz@standard.com
