Our History

Standard Life has a rich history of innovation and growth that can be traced back through its lineage to the 1930s.



  • On July 15, 1933, The Hospital Service Company was chartered in Oklahoma
  • The charter was groundbreaking as it was the first hospitalization charter granted in Oklahoma and one of the first in the world
  • The Hospital Service Company became The Hospital Mutual Company and later The Hospital Insurance Company, initially selling only basic group hospitalization coverage with designated hospitals. Later surgical, accidental death, income protection and a comprehensive health policy were added, and finally accident coverage for individuals and groups.


  • Hospital Mutual Inc. converted to an Old Line Legal Reserve company and took the name Standard Life and Accident Insurance Company
  • Standard Life expanded its business beyond the state of Oklahoma with a strong presence in the Midwest, southeast and western states. The company also owned several major subsidiary companies, including Standard Title Insurance Company and National Guaranty Insurance Company.


Leonard H. Savage succeeds the late W.R. Emerson as president and expands into the life insurance market


  • Standard Life pioneers credit insurance that is new to the industry
  • A few years later it is first to introduce long-term disability and life insurance on property mortgage and tax-protected retirement plans for self-employed persons through insurance

This is one of the first prototype plans to be approved by the IRS for use in the amended Keogh Act


The Company experienced steady growth expanding its operating territories. The Company is licensed in AL, AZ, AR, CO, FL, HI, ID, IL, IN, IA, KS, KY, LA, MN, MS, MO, MT, NE, NV, NM, ND, OH, OK, SD, TN, TX, UT, WA and WY


  • Insurance is the largest industry in Oklahoma with more than 1,000 insurance companies licensed to do business in the state Standard Life is 20 years old and number one in domestic insurance companies with assets of over $55 million
  • The Company places more than $3.2 million into the Oklahoma economy


  • December 12, 1968: Standard Life reaches $1 billion of life insurance in force

"Achieving $1 billion of life insurance in force places Standard Life among the nation's leaders in life insurance," Joe B. Hunt, OK Insurance Commissioner, 1968.

"We set our goal for 1968, and we reached it, thanks to the faith and dedication of you here in the Home Office and to the agents who represent us in the field...We've done some pioneering in new phases of insurance since we were chartered in 1948. We will be doing more." Leonard H. Savage, President 1948-1973, Standard Life and Accident Insurance Company.

  • Progression of growth in the Company
    • 1950: $5.5 million in force
    • 1961: $452 million in force
    • 1967: $852 million in force
    • 1968: $1 billion in force
  • Standard Life is licensed in 32 states offering: group coverage program, credit insurance, mortgage protection plans, participating and non-participating life insurance, whole and term life insurance, endowment plans and annuities.

Medical insurance products include: medical expense, plans for pre-existing conditions, medicare supplements, special accident coverage, hospitalization and disability


  • April 1969: Philip L. Savage is promoted to Executive Vice President of Standard Life    


  • Leonard H. Savage is elected as Chairman of the Board and CEO of Standard Life, and turns over the reins to his son, Philip
  • At the age of 35, Philip L. Savage succeeds his father, Leonard Savage, as President of Standard Life

"Our future is bright. I expect the Company to continue to grow and prosper. Our progress will come through diligence to the fundamentals of good business-the right products, at the right price; good service in all areas of endeavor, and constant attention to the cost of doing business." Philip L. Savage, President 1973-1976, Standard Life and Accident Insurance Company.    


  • Standard Life refocuses and eliminates its group insurance business due to competition from managed care providers
  • June 1976: Standard Life is purchased by American National Insurance Company and becomes a member of the American National family of companies
  • Orson Clay is named President of Standard Life and Accident


January 1998: Standard Life relocates its operations to Texas installing the Home Office in Galveston and the marketing division in League City


Standard Life refocuses production to become a leader in the senior product market


Standard Life is among the first companies in the U.S. to introduce critical illness insurance to its line of products


Standard Life reenters the group market with limited medical, cancer, and critical illness insurance


Standard Life enhances its Worksite product line with the addition of accident and short-term disability insurance


Standard Life has a strong history of commitment to integrity, agent support, excellence in product offerings
and customer service. The Company is built on a foundation of caring professionals who understand the needs
and aspirations of our policyholders. We pledge to maintain this commitment and keep abreast of trends in
today's growing and diversified population in order to provide our current and potential policyholders with the
most innovation and effective products in the market.