Exhibit 10.1

June 15, 2008

StanCorp Financial Group, Inc.

1100 SW Sixth Avenue

Portland, OR 97204

Ladies and Gentlemen:

Reference is made to (a) that certain Credit Agreement dated as of June 15, 2006
among Stancorp Financial Group, Inc. (the “Borrower”), the lenders party thereto
(each a “Lender” and collectively, the “Lenders”), Wells Fargo Bank, National
Association, as administrative agent for the Lenders (the “Administrative
Agent”), and U.S. Bank National Association, as syndication agent for the
Lenders (the “Credit Agreement”), (b) the Borrower’s request to extend the
Revolving Loan Commitment Termination Date to June 15, 2013 (the “Extension
Request”). Capitalized terms not otherwise defined herein shall have the meaning
ascribed thereto in the Credit Agreement.

Please be advised that attached hereto are the consents of each Lender that has
approved the Extension Request (the “Extending Lenders”). Please note that the
consent of The Bank of New York only includes an approval of the extension for
$25 million of its $35 million commitment.

Accordingly, as of the date hereof the Revolving Loan Commitments (and the
Revolving Loan Commitment Termination Date) of the Extending Lenders, as and to
the extent described above, shall be extended to June 15, 2013.

[signature page follows]

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Very truly yours, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative
Agent

/s/ Beth McGinnis

By:   Beth McGinnis Title:   Senior Vice President

 

Agreed and accepted as of the date first set forth above. STANCORP FINANCIAL
GROUP, INC.

/s/ Floyd F. Chadee

By:   Floyd F. Chadee Title:   Senior Vice President and Chief Financial Officer

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STANCORP FINANCIAL GROUP, INC.

Officer’s Certificate

The undersigned certifies that he is Senior Vice President and Chief Financial
Officer of StanCorp Financial Group, Inc., an Oregon corporation (the
“Company”), and that as such, the undersigned is duly authorized to execute and
deliver this Certificate on behalf of the Company in connection with the Credit
Agreement (the “Credit Agreement”) dated as of June 15, 2006 by and among the
Company, the lenders listed on the signature pages thereof, Wells Fargo Bank,
National Association, and U.S. Bank National Association, and further certifies
as follows:

(1) All of the representations and warranties contained in Section 5 of the
Credit Agreement and the other Loan Documents are true and correct as of the
date hereof, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they are true and correct
as of such earlier date.

(2) No Potential Event of Default or Event of Default exists.

It is understood and acknowledged that the undersigned is executing this
Certificate not in such person’s individual capacity, but solely in such
person’s capacity as an officer of the Company, and is without any personal
liability as to the matters contained in this Certificate. All capitalized terms
used herein and not otherwise defined herein shall have the meanings ascribed to
such terms in the Credit Agreement.

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In Witness Whereof, I have affixed my signature hereto this 15th day of June,
2008.

 

STANCORP FINANCIAL GROUP, INC. By:   /s/ Floyd F. Chadee

Printed Name:   Floyd F. Chadee Title:   Senior Vice President and Chief
Financial Officer

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May 28, 2008

Reference is made to (a) that certain Credit Agreement dated as of June 15, 2006
among Stancorp Financial Group, Inc. (the “Borrower”), the lenders party
thereto, Wells Fargo Bank, National Association, as Administrative Agent, and
U.S. Bank National Association, as Syndication Agent (the “Credit Agreement”),
and (b) the Borrower’s request to extend the Revolving Loan Commitment
Termination Date to June 15, 2013 (the “Extension Request”). Capitalized terms
not otherwise defined herein shall have the meaning ascribed thereto in the
Credit Agreement.

The undersigned hereby consents to the Extension Request in accordance with the
terms of Section 2.11 of the Credit Agreement.

 

Very truly yours, WELLS FARGO BANK, NATIONAL ASSOCIATION

/s/ Beth McGinnis

By:   Beth McGinnis Title:   Senior Vice President

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May 28, 2008

Reference is made to (a) that certain Credit Agreement dated as of June 15, 2006
among Stancorp Financial Group, Inc. (the “Borrower”), the lenders party
thereto, Wells Fargo Bank, National Association, as Administrative Agent, and
U.S. Bank National Association, as Syndication Agent (the “Credit Agreement”),
and (b) the Borrower’s request to extend the Revolving Loan Commitment
Termination Date to June 15, 2013 (the “Extension Request”). Capitalized terms
not otherwise defined herein shall have the meaning ascribed thereto in the
Credit Agreement.

The undersigned hereby consents to the Extension Request in accordance with the
terms of Section 2.11 of the Credit Agreement.

 

Very truly yours, U.S. BANK NATIONAL ASSOCIATION

/s/ Kurban H. Merchant

By:   Kurban H. Merchant Title:   Vice President

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May 28, 2008

Reference is made to (a) that certain Credit Agreement dated as of June 15, 2006
among Stancorp Financial Group, Inc. (the “Borrower”), the lenders party
thereto, Wells Fargo Bank, National Association, as Administrative Agent, and
U.S. Bank National Association, as Syndication Agent (the “Credit Agreement”),
and (b) the Borrower’s request to extend the Revolving Loan Commitment
Termination Date to June 15, 2013 (the “Extension Request”). Capitalized terms
not otherwise defined herein shall have the meaning ascribed thereto in the
Credit Agreement.

The undersigned hereby consents to the Extension Request with respect to $25
million of our $35 million Revolving Loan Commitment in accordance with the
terms of Section 2.11 of the Credit Agreement.

 

Very truly yours, THE BANK OF NEW YORK

/s/ Jeffrey R. Dickson

By:   Jeffrey R. Dickson Title:   Vice President

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May 27, 2008

Reference is made to (a) that certain Credit Agreement dated as of June 15, 2006
among Stancorp Financial Group, Inc. (the “Borrower”), the lenders party
thereto, Wells Fargo Bank, National Association, as Administrative Agent, and
U.S. Bank National Association, as Syndication Agent (the “Credit Agreement”),
and (b) the Borrower’s request to extend the Revolving Loan Commitment
Termination Date to June 15, 2013 (the “Extension Request”). Capitalized terms
not otherwise defined herein shall have the meaning ascribed thereto in the
Credit Agreement.

The undersigned hereby consents to the Extension Request in accordance with the
terms of Section 2.11 of the Credit Agreement.

 

Very truly yours, THE NORTHERN TRUST COMPANY

/s/ Michael Kingsley

By:   Michael Kingsley Title:   Vice President

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May 28, 2008

Reference is made to (a) that certain Credit Agreement dated as of June 15, 2006
among Stancorp Financial Group, Inc. (the “Borrower”), the lenders party
thereto, Wells Fargo Bank, National Association, as Administrative Agent, and
U.S. Bank National Association, as Syndication Agent (the “Credit Agreement”),
and (b) the Borrower’s request to extend the Revolving Loan Commitment
Termination Date to June 15, 2013 (the “Extension Request”). Capitalized terms
not otherwise defined herein shall have the meaning ascribed thereto in the
Credit Agreement.

The undersigned hereby consents to the Extension Request in accordance with the
terms of Section 2.11 of the Credit Agreement.

 

Very truly yours, WILLIAM STREET COMMITMENT CORPORATION (Recourse only to the
assets of William Street Commitment Corporation),

/s/ Mark Walton

By:   Mark Walton Title:   Assistant Vice President