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SMC PROMOTES TWO TOP EXECUTIVES

 INDIANAPOLIS, June 16 /PRNewswire/ -- Raymond J. Ohlson, CLU, has been named president of Standard Life Insurance Company of Indiana ("Standard Life"), a wholly owned subsidiary of Standard Management Corporation ("SMC") (NASDAQ: SMAN) and Edward T. Stahl, named director of corporate development for the insurance holding company.
 The announcement was made by Ronald D. Hunter, chairman of the board and CEO of SMC.
 The promotions were described by Hunter as pivotal moves in positioning the corporation for achieving its next phase of growth. "The promotions of Ohlson and Stahl are evidence of Standard Management Corporation's strong commitment to the life insurance industry as well as to the shareholders of the corporation," he said.
 Ohlson has been president and director of Standard Marketing Corporation, a subsidiary of SMC, since August 1991. He will continue in that capacity. Stahl will continue his duties in SMC as executive vice president and secretary as well as assume the new activities in corporate development.
 Ohlson, who entered the life insurance business in 1971, has an extensive background in administration, management and marketing. He earned his Charter Life Underwriters designation in 1980, and he is a Life Member of the Million Dollar Round Table.
 Stahl had been president and chief operations officer of Standard Life since 1988. He earned his Fellow of Life Management designation in 1981 and is a member of several insurance associations.
 The announcement of the two promotions came on the heels of a recent release by the corporation announcing that Standard Life had received an initial letter rating of "B" (Good) from A.M. Best Company in financial size category Class V.
 -0- 6/16/93
 /CONTACT: Norman W. Wilkens of Standard Advertising, Inc., 317-574-5220, for Standard Management Corporation/
 (SMAN)


CO: Standard Management Corporation ST: Indiana IN: INS SU: PER

BM -- CL004 -- 2498 06/16/93 09:29 EDT
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Publication:PR Newswire
Date:Jun 16, 1993
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