Everything You Need to Know About Standard Insurance begins with understanding who they are and what they offer. The Standard is a reputable insurance provider known for its range of financial protection services, including life insurance, disability insurance, and retirement planning solutions. With over a century of experience, The Standard has built a solid reputation for stability, reliability, and personalized service.
What sets The Standard Insurance apart is its commitment to helping individuals and businesses prepare for the future. Whether you’re looking for long-term disability coverage, group insurance plans, or individual life insurance policies, The Standard offers customizable options to fit various needs. Their strong financial ratings and client-focused approach make them a popular choice for both personal and corporate insurance solutions.
This guide covers everything you need to know about The Standard Insurance—from the types of policies available to the claims process and customer service experience. We’ll also explore how The Standard compares to other insurance companies and help you determine whether it’s the right fit for your financial goals.
What Is Standard Insurance?
Standard Insurance, also known as The Standard, is a trusted provider of insurance and financial services designed to help individuals, families, and businesses protect their futures. The company specializes in life insurance, disability insurance, and retirement solutions, offering comprehensive plans tailored to meet various needs.
What makes The Standard unique is its commitment to personalized service and long-term financial security. Their solutions are built to provide peace of mind, whether it’s through income protection during illness or planning for a secure retirement. With competitive rates and strong customer support, The Standard stands out in the insurance market.
History and Background of The Standard
The Standard Insurance Company was founded in 1906 and has since grown into one of the most respected insurance providers in the United States. Headquartered in Portland, Oregon, it operates under its parent company, StanCorp Financial Group, offering over a century of financial stability and service.
With a strong foundation in ethical business practices and customer-first values, The Standard has maintained high financial strength ratings from agencies like A.M. Best and Moody’s. Its longstanding history reflects a deep commitment to helping clients navigate life’s uncertainties through reliable insurance solutions.
Types of Insurance Offered by The Standard
The Standard offers a diverse portfolio of insurance products, catering to both individuals and businesses. Key offerings include life insurance, disability insurance, accidental death and dismemberment (AD&D), and dental and vision insurance in some markets.
For businesses, The Standard provides group insurance plans and employee benefits designed to support workforce well-being and retention. Their product lineup is designed to ensure comprehensive coverage that adapts to different life stages and financial goals, making them a flexible choice for insurance needs.
Life Insurance Plans from The Standard
The Standard provides multiple life insurance options, including term life, whole life, and universal life insurance. These policies are designed to help individuals protect their families financially in the event of an unexpected death, offering both peace of mind and customizable features.
With flexible policy terms and optional riders like accelerated death benefits, The Standard ensures that clients can tailor coverage to match their specific needs. Their life insurance plans are known for their affordability, clarity, and focus on long-term value, making them a strong choice for financial protection.
Disability Insurance Options Explained
The Standard offers both short-term and long-term disability insurance, designed to provide income protection when illness or injury prevents you from working. These plans help cover daily expenses like rent, utilities, and groceries while you recover, ensuring financial stability during challenging times.
Their disability policies can be purchased individually or through employer-sponsored plans, with customizable benefits, waiting periods, and coverage durations. With a reputation for fast claims processing and compassionate customer care, The Standard is a reliable partner for managing life’s unexpected health challenges.
Retirement and Annuity Solutions by The Standard
To help clients prepare for a financially secure retirement, The Standard offers retirement plans and annuities tailored to both individuals and businesses. Their products include fixed, indexed, and immediate annuities, providing guaranteed income streams for retirement years.
The company also partners with employers to manage 401(k) plans and other retirement savings vehicles. With a focus on long-term planning and dependable returns, The Standard helps clients build and protect their financial future, ensuring peace of mind in retirement.
How The Standard Supports Employee Benefits
The Standard is a trusted provider of employee benefits solutions, offering a broad range of group insurance options such as life, disability, dental, and vision coverage. Their services are designed to support employee well-being and promote workplace satisfaction and retention.
They also provide absence management services, helping employers handle employee leaves in compliance with federal and state laws. Through flexible benefit structures and seamless integration with HR systems, The Standard helps businesses build strong, supportive workplace cultures.
Business Insurance Services from The Standard
The Standard offers insurance solutions tailored to small and mid-sized businesses, including group life and disability insurance, accidental death coverage, and business owner protection. These plans are designed to attract top talent and safeguard company operations.
With scalable plans and expert guidance, The Standard helps businesses of all sizes manage risk and support their employees. Their commitment to personalized service and reliable protection makes them a valuable partner for long-term business success.
Comparing The Standard to Other Major Insurers
When compared to other major insurance providers like MetLife, Prudential, and Guardian, The Standard stands out for its strong focus on disability and life insurance, along with excellent customer service. While it may not offer the broadest product portfolio, its specialized approach ensures high-quality coverage in its core areas.
Unlike some larger insurers, The Standard is known for personalized attention and simplified policy options. While others may dominate in auto or home insurance, The Standard focuses on what it does best—financial protection and retirement planning—making it a solid choice for clients seeking expert guidance and reliable support.
How to File a Claim with The Standard
Filing a claim with The Standard is a straightforward process designed for ease and efficiency. Policyholders can start their claim online, by phone, or by submitting the appropriate forms via mail or fax, depending on the policy type.
Once submitted, claims are reviewed promptly, and a dedicated representative is assigned to guide claimants through the process. The company is praised for its transparent communication and timely payments, especially for disability and life insurance benefits.
Pros and Cons of Choosing The Standard Insurance
- Strong focus on life and disability 1 insurance
- Excellent customer service and claim support
- High financial strength ratings
- Customized benefits for businesses and individuals
- Limited product range (no auto or homeowners insurance)
- Not as widely recognized as larger insurers like State Farm or Allstate
- May not offer the lowest premiums in every category
Customer Reviews and Ratings for The Standard
Customer reviews of The Standard are generally positive, with many praising the company for its reliable claims processing and responsive support staff. Policyholders appreciate the straightforward communication and personalized attention they receive, especially during stressful times like medical leave or family loss.
Third-party ratings also reflect strong performance. The Standard holds high marks from agencies like A.M. Best and Moody’s, indicating financial stability and trustworthiness. While some users mention premium costs as slightly higher, most feel the value and peace of mind are worth it.
Conclusion
The Standard Insurance stands out as a reliable and customer-focused provider of life, disability, and retirement solutions. With over a century of experience and a strong financial foundation, it has built a reputation for offering dependable protection and personalized service. Whether you’re planning for your family’s future, protecting your income, or providing employee benefits, The Standard offers flexible options that cater to a wide range of needs.
While it may not offer as many insurance types as some competitors, its expertise in core areas makes it a top choice for individuals and businesses seeking specialized coverage. By focusing on what it does best—financial protection and long-term planning—The Standard delivers peace of mind and long-term value. If you’re looking for an insurer that combines reliability, customer care, and a proven track record, The Standard Insurance is well worth considering.