COVID-19 Accommodations for Annuities

Dear Business Partners,

As The Standard continues navigating the challenges of COVID-19, we are making some changes to our processes to make it easier for you to do business with us. Starting now through June 1, 2020, we are implementing these accommodations:

  • Paperwork — The Standard will accept photocopies of:
    • New annuity business applications and all supplemental forms
    • 1035 Exchange requests and IRA transfers (with the assumption other carriers will accept copies)
    • Withdrawal and distribution requests
    • Death claim processing forms
    • Policy administration forms such as address change and beneficiary change requests
  • Signature — If you cannot get a client signature in person, we will accept a:
    • Photograph of the completed form with the client’s signature
    • Photocopy or photograph of the client’s state-issued ID included with the unsigned required forms
  • Paperwork submission — To expedite the processing of all work, submit paperwork to:
  • Notary waiver — We are temporarily waiving the requirement for the POA affidavit to be notarized.
    • Signature for the Agent/Attorney in Fact on the affidavit is still required and subject to the signature accommodations mentioned previously. All state-required execution formalities on the POA document itself will still be enforced.
  • Contract PDFs — Effective Monday, March 23, we will email PDF copies of new business contracts to both the client and the agent if we have confirmed email addresses. We will also mail a hardcopy contract. Our goal is to make it as easy as possible for you to communicate with your clients and deliver their new contract in whatever way makes the most sense for each individual situation.
    • To ensure we have an accurate email address for your client, please include it in a cover letter with the application.

Our team is here to support you and we will continue to monitor and adjust our processes as appropriate. Our employees work from multiple locations across the U.S. and we have ample work-from-home capacity and time zone coverage. Despite external factors, our focus has not changed — we continue to provide the best possible experience for our customers.

If you have questions, please contact the Sales team at 800.378.4578 or our Customer Service team at 800.247.6888.

Thank you for your partnership and your business.

Chris Beaulieu
VP Individual Annuities & Investments
The Standard

The Standard is a marketing name for StanCorp Financial Group, Inc. and subsidiaries. Insurance products are offered by Standard Insurance Company of Portland, Oregon in all states except New York. Product features and availability vary by state and are solely the responsibility of Standard Insurance Company.

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