PORTLAND, Ore.–(BUSINESS WIRE)–Standard Insurance Company (“The Standard”) announced today that Rich Lane has been promoted to second vice president of Individual Annuities sales and marketing.

Lane, who has more than 20 years of experience in the fixed annuity industry, joined The Standard in 2004 as director of Individual Annuities Sales and Marketing. Under his leadership, the Individual Annuities business line has grown substantially. Lane’s responsibilities include product and distribution development for 80 marketing organizations, banks and broker/dealers. Prior to joining The Standard, Lane was an annuity wholesaler at Fidelity & Guaranty Life.

“At The Standard, we are looking to leverage the company’s investment expertise to continue to grow Individual Annuity sales and provide superb value to customers. Both the quality and longevity of Rich’s leadership have been and remain crucial to our success,” said Chris Conklin, vice president of Individual Annuities at The Standard.

Lane earned his bachelor’s degree in science at Portland State University.

About The Standard

The Standard is a leading provider of financial products and services, including group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and vision insurance, absence management services, retirement plans products and services and individual annuities. For more information about The Standard, visit www.standard.com.

The Standard is the marketing name for StanCorp Financial Group, Inc., and its subsidiaries: Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Mortgage Investors, Inc., StanCorp Investment Advisers, Inc., StanCorp Real Estate, LLC, and StanCorp Equities, Inc.