The Standard Promotes David Payne to Vice President of Employee Benefits

PORTLAND, Ore.--(BUSINESS WIRE)--Standard Insurance Company (The Standard) announced today that David Payne has been promoted to vice president of Employee Benefits effective Jan. 1. In his new role, he has executive responsibility for all aspects of the group insurance business including claims services, customer support, premium administration, Sales, Actuarial, Underwriting, Producer Services and the Contact Center.

“For more than a decade, David has championed our culture that is focused on taking care of customers. He has been integral in shaping our current employee benefits strategy, and I have great confidence in David’s ability to lead the organization,” said Dan McMillan, president and chief operating officer at The Standard.

Payne joined The Standard in 2009 as assistant vice president of Contact Center Operations. He has held a succession of leadership positions with increasing responsibilities. In 2012 he was promoted to vice president of Short Term Disability, Absence Management and Contact Center Operations. He most recently held the position of vice president of Employee Benefit Services.

Prior to joining The Standard, Payne held professional roles at Limited Brands Companies and GE Financial Assurance.

Payne earned a Bachelor of Arts degree in management and finance from Lynchburg College. He received a Master of Business Administration from Averett University in Virginia.

About The Standard

The Standard is a family of companies dedicated to helping customers achieve financial well-being and peace of mind. In business since 1906, we are a leading provider of financial protection products and services for employers and individuals. Our products include group and individual disability insurance, group life, dental and vision insurance, voluntary (employee-paid) benefits, absence management services, and retirement plans and annuities for employers and individuals. For more information about The Standard, visit www.standard.com or follow us on Facebook, Twitter or LinkedIn.

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, LLC, StanCorp Investment Advisers, Inc., StanCorp Real Estate, LLC, and StanCorp Equities, Inc.