StanCorp Financial Group, Inc. (“The Standard”) has announced the closing of the acquisition of the Life & Disability business from Elevance Health in accordance with the terms of the agreement reported on March 28, 2023. The agreement includes a 10-year distribution partnership whereby The Standard’s products and services will be made available to Elevance Health customers. The transaction combines the deep expertise of two leading employee benefits providers who share a commitment to customer service. The combined life and disability benefits businesses will operate under The Standard brand and include the Elevance Health Life & Disability employees and operations.
Read the full article: The Standard Closes Acquisition of Life & Disability Business from Elevance Health, Enters Distribution Partnership //
Source: https://www.businesswire.com/news/home/20240401583092/en/The-Standard-Closes-Acquisition-of-Life-Disability-Business-from-Elevance-Health-Enters-Distribution-Partnership