Industry News

The Standard Promotes Mark MacGillivray

Mark MacGillivray has been promoted to director of Financial Institutions. He’ll be working with our teams to proactively seek out new broker-dealers and banks for the Individual Annuities business line at The Standard.

The Standard Adds an Index Annuity

Reprinted with permission from ThinkAdvisor.

The Standard’s enhanced Index Annuity emphasizes transparency. In contrast to complex annuity designs in the market, the enhanced ISA offers consumers a simpler way to grow and protect their assets.

Moody's Investor Services has increased Standard Insurance Company's financial strength rating from A2 to A1. The ratings are based on the company's strong competitive position in the U.S. group Life and Disability insurance markets, good capitalization and strong financial resources of its ultimate parent.

The Standard announced that Ben Wacker has been named assistant vice president and Individual Annuities actuary. In his new role, Wacker leads the Individual Annuities actuarial team at The Standard. “Ben brings a great blend of actuarial expertise and entrepreneurial experience,” said Chris Conklin, vice president of Individual Annuities at The Standard.

We are thrilled to announce that Barron's recently listed The Standard's Focused Growth Annuity 5 as one of the Best Annuities Designed for Asset Accumulation in this year's annual The 50 Best Annuities: Guaranteed Income for Life. Learn more about our best-selling product, the Focused Growth Annuity series.

The Standard will be sending a cover letter and sales contract amendment to each producer licensed to sell annuities with us, in anticipation of the DOL rule going into partial effect as of June 9, 2017. The amendment is meant to be kept with your records.