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STANDARD LIFE REPORTS INCREASE IN SALES FOR FIRST QUARTER

 INDIANAPOLIS, April 18 /PRNewswire/ -- Standard Life Insurance Company of Indiana ("Standard Life"), a wholly owned subsidiary of Standard Management Corporation ("SSMC") (NASDAQ: SMAN), announced today continuing record premiums received from sales of flexible premium deferred annuities and other investment products (which are not included in revenues) of approximately $14 million for the quarter ended March 31, 1994, as compared to $7.6 million for the same period ended March 31, 1993.
 Annuity and life insurance products are distributed through Standard Marketing Corporation, a wholly owned subsidiary of SMC.
 The announcement was made today by Raymond J. Ohlson, CLU, president of Standard Life. Mr. Ohlson stated, "This marks the eighth straight quarter in which Standard Life has improved its sales and achieved record premiums. We believe this first quarter result will position Standard Life well for continuing record advancements for the remainder of the year."
 -0- 4/18/94
 /CONTACT: Norman W. Wilkens, Public Relations for Standard


Management, 317-574-5221/
 (SMAN)


CO: Standard Life Insurance Company; Standard Management Corporation ST: Indiana IN: INS SU: SLS

SM -- CL012 -- 6982 04/18/94 10:21 EDT
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Publication:PR Newswire
Date:Apr 18, 1994
Words:182
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