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The company was founded in Oregon in 1906. [2] On February 24, Leo Samuel founded the Oregon Life Insurance Company. [3] In 1946 the company name was changed to Standard Insurance Company. [2] Then in 1962, the company moved its headquarters into the newly constructed Standard Plaza building. [4]
It is licensed in 49 states and Washington, DC. In New York it has Standard Life Insurance Company of New York. The average loan-to-value ratio on new loans was 64 percent in 2008. Standard Insurance Company has maintained an “A” rating or higher from A.M. Best Company since 1928. Assets $14.56 billion (March 31, 2009). 3,400 employees in 2008.
The Standard Expands Index Select Annuity Lineup Nine-year surrender-charge period now available PORTLAND, Ore.--(BUSINESS WIRE)-- Standard Insurance Company ("The Standard") is expanding the ...
The company sold more fixed index annuities than any other provider in 2023, with over $1.1 billion in sales, according to a ranking by LIMRA, the largest life insurance trade association in the U.S.
An investor should consider the financial strength of the insurance company that writes annuity contracts. Major insolvencies have occurred at least 62 times since the conspicuous collapse of the Executive Life Insurance Company in 1991. Insurance company defaults are governed by state law. The laws are, however, broadly similar in most states.
Think of a fixed annuity as a contract between you and the insurance company, bank or other financial institution. You pay the insurer a lump sum, or a series of payments.
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