Standard Adds Online Loan Features

June 6, 2003 ( - Standard Insurance Company has added the ability to model and initiate loans on its Personal Savings Center Web site for retirement plan participants.

The Portland, Oregon-based firm notes that by using the Personal Savings Center at , participants can learn:

  • the loan amount for which they will qualify based on plan limitations,
  • the loan interest rate,
  • the plan’s loan policy and
  • the size of their payments.

Participants in plans that have loan provisions may also apply for loans online. Once participants fill out the application, their requests are sent electronically to The Standard for processing.

The Standard offers plan sponsors access to investment options from 17 mutual fund family alliances, on a full-service or recordkeeping only basis.