The Standard Introduces Three Flexible Vision Insurance Plans

PORTLAND, Ore., June 23 /PRNewswire-FirstCall/ -- Standard Insurance Company ("The Standard"), a subsidiary of StanCorp Financial Group, Inc. (NYSE: SFG), introduces new vision insurance products for employers with as few as 10 employees. With the addition of this new product line, The Standard now provides employers with the opportunity to offer their employees group short term disability, long term disability, life, dental and vision insurance from a single carrier.

"Vision care helps keep employees healthy and productive. And as one of the most popular employee benefits, vision insurance can help employers attract and retain valuable employees," said Jane E. Hood, vice president of Employee Benefits Marketing. "With our new vision plans, employers can select from three distinct offerings that help them meet their specific budgetary and benefits needs."

Available on both an employer-paid and voluntary basis, The Standard's vision plans contain a variety of provisions that will help employees save money on vision-care services. Each plan can be designed to fit the needs of a diverse workforce and each is backed by The Standard's commitment to providing excellent customer service.

The three new plans are:

Balanced Care Vision(SM) Plan I Employees receive preferred pricing on a variety of vision-care services when they select providers from the VSP nationwide network. Services include LASIK and Photorefractive Keratectomy (better known as PRK).

Balanced Care Vision(SM) Plan II

This plan provides discounts through EyeMed's national network of vision- care providers. The EyeMed network includes some of the largest optical retailers in the U.S., including LensCrafters(R), Sears Optical(R), Target Optical(R), JCPenney Optical and most Pearle Vision(SM) locations.

Balanced Care Vision(SM) Plan III

This flexible plan takes the guesswork out of vision care. The benefits are the same for employees no matter which vision-care provider they choose.

    Features of The Standard's Group Vision Plans
    -- All three plans are available on an employer-paid or voluntary basis
    -- Low participation requirement (10 employees)
    -- Toll-free customer-service numbers and an interactive voice response
       system make it convenient to reach The Standard
    -- Complete COBRA administration is available to free employers from
       administrative headaches

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 8.6 million customers nationwide as of March 31, 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 The Standard, visit its website at http://www.standard.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 with the Securities and Exchange Commission for a description of the types of uncertainties and risks that may affect actual results.

SOURCE The Standard