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March 2023

Elevance Health Negotiates the Sale of Life and Disability Business to The Standard

United States - Indiana | United States - Oregon

A Faegre Drinker team represented Elevance Health in negotiating the sale of its life and disability business to StanCorp Financial Group, Inc. (The Standard), a family of companies dedicated to helping customers achieve financial well-being and peace of mind. The companies will also enter into a product distribution partnership.

​The distribution agreement will partner The Standard's sales team with Elevance Health's medical sales team, bringing a trusted life and disability partner to Elevance Health customers for group life, short- and long-term disability and accidental death and dismemberment insurance products, as well as paid family leave and absence management services.

Headquartered in Indianapolis​, Elevance Health is an industry leader in health solutions that serves customers through a diverse portfolio of medical, digital, pharmacy, behavioral, clinical and complex care solutions.

Read the full press release for more information on the deal.

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