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Standard Insurance Company, also branded as The Standard, is an American insurance and financial company which is a subsidiary of StanCorp Financial Group, headquartered in Portland, Oregon. On July 23, 2015, Meiji Yasuda , a Japanese mutual insurance group, made an offer to purchase Stancorp Financial for $5 billion.
The company was founded in Oregon in 1906. [2] On February 24, Leo Samuel founded the Oregon Life Insurance Company. [3] In 1946 the company name was changed to Standard Insurance Company. [2] Then in 1962, the company moved its headquarters into the newly constructed Standard Plaza building. [4]
The Standard Introduces Protector Essential ℠ Individual Disability Income Insurance New product in The Protector Series ℠ competitively priced, attractive to middle-income workers PORTLAND ...
The Standard Promotes David Payne to Vice President Short Term Disability, Absence Management and Contact Center Operations PORTLAND, Ore.--(BUSINESS WIRE)-- Standard Insurance Company ("The ...
The Standard Recognizes Daniel Steenerson with Top National Disability Insurance Leadership Award PORTLAND, Ore.--(BUSINESS WIRE)-- Standard Insurance Company ("The Standard") has honored Daniel C ...
High-limit disability insurance is designed to keep individual disability benefits at 65% of income regardless of income level. Coverage is typically issued supplemental to standard coverage. With high-limit disability insurance, benefits can be anywhere from an additional $2,000 to $100,000 per month.
Total Permanent Disability (TPD) is a phrase used in the insurance industry and in law. Generally speaking, it means that because of a sickness or injury , a person is unable to work in their own or any occupation for which they are suited by training , education , or experience .
Group disability insurance, provided by employers or associations, normally offers standardized income replacement to members unable to perform job functions due to injury or illness. Benefits are consistent across all members, underwritten without medical examination, with generally shorter waiting periods and potentially lower costs.