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STANDARD LIFE SETS SALES RECORD

 INDIANAPOLIS, Sept. 9 /PRNewswire/ -- Standard Life Insurance Company of Indiana ("Standard Life"), a wholly owned subsidiary of Standard Management Corporation (NASDAQ: SMAN), announced today record revenues through annuity sales (which are not included in revenues) in the amount of $5.1 million for the month of August 1993.
 Annuity revenues year-to-date, distributed through Standard Marketing Corporation, the national marketing arm for Standard Life, are in excess of $26 million.
 The announcement was made by Raymond J. Ohlson, CLU, president of Standard Life. In making the announcement, Ohlson stated that the record-breaking results year-to-date are a direct commitment of the ever- growing sales force and public understanding of the need for savings products.
 -0- 9/9/93
 /CONTACT: Jenny Nash of Standard Management, 317-574-5222/
 (SMAN)


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

KL -- CL004 -- 0182 09/09/93 09:34 EDT
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Publication:PR Newswire
Date:Sep 9, 1993
Words:142
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