Exhibit 10.9

FORM OF STANCORP FINANCIAL GROUP, INC.

2002 STOCK INCENTIVE PLAN

NON-STATUTORY STOCK OPTION AGREEMENT

THIS AGREEMENT is made between StanCorp Financial Group, Inc., an Oregon
corporation (the “Company”), and                      (the “Optionee”), pursuant
to the Company’s 2002 Stock Incentive Plan (the “Plan”). The Company and the
Optionee agree as follows:

 

1. The Company hereby grants to the Optionee on the terms and conditions of this
Agreement, the right and option (the “Option”) to purchase all or any part of
             shares (the “Shares”) of the Company’s common stock at a purchase
price of $             per share. The Option is not intended to be an incentive
stock option, as defined in Section 422 of the Internal Revenue Code of 1986, as
amended, and therefore is a Non-Statutory Stock Option.

 

2. The terms and conditions of the Plan, a copy of which is attached hereto, are
hereby incorporated into and made a part of this Agreement.

 

3. The Vesting Reference Date for this Option is             . Until this Option
expires or is earlier terminated as provided in the Plan, the Option may be
exercised from time to time to purchase shares as to which it has become
exercisable. This Option shall become exercisable in four equal installments on
the first four anniversaries of the Vesting Reference Date.

 

4. The Grant Date for this Option is             .Unless earlier terminated as
provided in the Plan, this Option shall continue in effect for ten (10) years
from the Grant Date, and therefore shall expire if not exercised on or before
            .

 

5. The Option may not be assigned or transferred by the Optionee, either
voluntarily or by operation of law, except by will or by the laws of descent and
distribution of the state or country of the Optionee’s domicile at the time of
death.

 

6. No rights or privileges of a stockholder in the Company are conferred by
reason of the granting of this Option. Optionee will not become a stockholder in
the Company with respect to the Shares unless and until the Option has been
properly exercised and the option price fully paid with respect to the portion
of the Option exercised.

 

7. This Agreement, together with the Plan, constitutes the complete and entire
agreement concerning this Option between the parties.

Grant Type:                            

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The parties have executed this Agreement in duplicate as of the Grant Date.

STANCORP FINANCIAL GROUP, INC.

 

By:    

ACCEPTANCE AND ACKNOWLEDGMENT

 

Dated:                 Home address         Optionee’s signature     City,
State, Zip       Print name    

Please return one signed original to Human Resources, P2B, no later than
                .