PORTLAND, Ore.--(BUSINESS WIRE)-- Standard Insurance Company ("The Standard") announced today that Rich Lane has been promoted to second vice president of Individual Annuities sales and marketing.

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Rich Lane, second vice president of Individual Annuity Sales and Marketing at The Standard. (Photo: Business Wire)

Lane, who has more than 20 years of experience in the fixed annuity industry, joined The Standard in 2004 as director of Individual Annuities Sales and Marketing. Under his leadership, the Individual Annuities business line has grown substantially. Lane’s responsibilities include product and distribution development for 80 marketing organizations, banks and broker/dealers. Prior to joining The Standard, Lane was an annuity wholesaler at Fidelity & Guaranty Life.

“At The Standard, we are looking to leverage the company’s investment expertise to continue to grow Individual Annuity sales and provide superb value to customers. Both the quality and longevity of Rich’s leadership have been and remain crucial to our success,” said Chris Conklin, vice president of Individual Annuities at The Standard.

Lane earned his bachelor’s degree in science at Portland State University.

About The Standard

The Standard is a leading provider of financial products and services, including group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and vision insurance, absence management services, retirement plans products and services and individual annuities. For more information about The Standard, visit www.standard.com.

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

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The Standard

Bob Speltz, 971-321-3162

Senior Director, Public Affairs

[email protected]

Source: The Standard

CEDAR RAPIDS — A Cedar Rapids man is accused of theft and insurance fraud after investigators said he submitted life insurance claims for three children whose deaths could not be substantiated.

Thompson Nagbe Jr., 37, made two fraudulent life insurance claims on policies he enrolled in through his employer, according to a Linn County criminal complaint.

Nagbe initiated a claim May 6, 2024, for death benefits for his daughter, Comfort Nagbe, who he said died in a motorcycle accident in Liberia, according to the fraud bureau of the Iowa Department of Insurance and Financial Services. The $30,000 claim was approved and paid to Nagbe one month later.

Then, on June 10, 2025, Nagbe submitted claims for the deaths of his twin children, Gifty and Victor Nagbe, who — according to Nagbe — died in a motor vehicle accident.

An investigation determined those death claims were fraudulent, and death benefits were not paid, according to the criminal complaint.

A subsequent investigation concluded that Nagbe submitted fraudulent death certificates for all three children, and none of the deaths could be verified. Also, investigators said Nagbe made numerous inconsistent statements to a fraud investigator regarding the circumstances of the children's deaths.

Nagbe faces charges of first-degree theft, a Class C felony, and two counts of insurance fraud-presenting false information, Class D felonies. A $20,000 surety bond was posted Thursday for Nagbe's release from the Linn County Jail, according to court records.

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