PORTLAND, Ore.--(BUSINESS WIRE)--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.
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.
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