CORRECTING and REPLACING The Standard Launches All In One Disability Insurance

Comprehensive Coverage Combines Short and Long Term Disability

PORTLAND, Ore.--(BUSINESS WIRE)--Headline of release should read: The Standard Launches All In One Disability Insurance (sted The Standard Launches All In One Disability Insurance Comprehensive). Subheadline of release should read: Comprehensive Coverage Combines Short and Long Term Disability (sted Coverage Combines Short and Long Term Disability).

“Employers have the flexibility of choosing employer-paid or employee-paid plans, as well as options to tailor the coverage to the specific needs of their employees. Employees will find that the coverage is easy to understand and that enrollment is simple.”

The corrected release reads:

THE STANDARD LAUNCHES ALL IN ONE DISABILITY INSURANCE

Comprehensive Coverage Combines Short and Long Term Disability

Standard Insurance Company (“The Standard”), a subsidiary of StanCorp Financial Group, Inc. (NYSE: SFG), announced today the launch of All In One Disability Insurance. With today’s rising expenses, smaller staffs and shrinking budgets, it’s more important than ever for employers to find a cost-effective, time-saving employee benefits plan. Available in most states, All In One Disability combines group Short Term and Long Term Disability coverage in one simplified package. This gives employers the convenience of administering one plan instead of two while helping their employees protect their incomes when partially or totally disabled.

“All In One Disability allows employers to offer robust disability benefits while easing their administrative burden,” said Luce Giroux, Second Vice President of Product Management. “Employers have the flexibility of choosing employer-paid or employee-paid plans, as well as options to tailor the coverage to the specific needs of their employees. Employees will find that the coverage is easy to understand and that enrollment is simple.”

All In One Disability also includes the following features:

• An Own Occupation definition that includes a more refined “own job” period, which is based on a claimant’s particular job with their employer
• 90-Day Preexisting Condition waiver: Benefits payable up to 90 days even if the disability was caused by a preexisting condition
• Available to any employer with 10 or more employees

To help facilitate employees’ return to work, All In One Disability offers a Rehabilitation Plan Provision to help with expenses such as job searching, training, education and family care. A Reasonable Accommodation Expense Benefit is also included to reimburse employers for worksite modifications made on behalf of disabled employees.

For groups with 10 to 2,499 insured employees, All In One Disability includes a confidential Employee Assistance Program (EAP) provided through an arrangement with Horizon Health. 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 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 Real Estate and StanCorp Equities – is a leading provider of financial products and services. StanCorp's subsidiaries serve approximately 8.1 million customers nationwide as of December 31, 2009, with group and individual disability insurance, group life, AD&D, vision and dental insurance, retirement plans products and services, individual annuities and investment advice. For more information about The Standard, visit www.standard.com.