AUL Updates Term Life Insurance Product
AUL Updates Term Life Insurance Product
INDIANAPOLIS, April 11, 2008
American United Life Insurance Company®, a OneAmerica company has released a new and improved term life insurance product, American Protector Plus, to strengthen its competitive position in the insurance and financial services marketplace.
The new product features the addition of a second smoking class (preferred), along with generally reduced rates at most ages. A new 30-year term has been added to the current offerings of 10, 15 and 20-year terms, with the option to convert to a permanent policy without having to prove insurability.
“Producers will find American Protector Plus to be a very flexible product that offers competitive pricing and more options for producers to meet the needs of their clients,” said Mark Wilkerson, senior vice president, AUL.
American Protector Plus is the first of four insurance product updates slated for the companies of OneAmerica in 2008 as required by the 2001 CSO (Commissioners Standard Ordinary) tables. Enhancements to universal life, limited pay whole life and variable universal life insurance products will follow throughout the year.
About AUL
American United Life Insurance Company® (AUL), a OneAmerica company, is focused on providing a strong portfolio of products for individuals, families and small businesses. AUL utilizes a national network of experienced professionals specializing in an extensive menu of financial products, including life insurance, annuities and employee benefits. The company helps consumers plan for tomorrow by creating, leveraging and protecting their financial futures.
About OneAmerica
OneAmerica Financial Partners, Inc., is headquartered in Indianapolis, IN. The companies of OneAmerica® can trace their solid foundations back more than 125 years in the insurance and financial services marketplace.
OneAmerica’s nationwide network of companies offers a variety of products to serve the financial needs of their policyholders and other clients. These products include retirement plans, products and services; individual life insurance, annuities, long-term care solutions and employee benefits. The goal of OneAmerica is to blend the strengths of each company to achieve greater collective results.
The products of the OneAmerica companies are distributed through a network of employees, agents, brokers, and other distribution sources that are committed to maximizing value to our policyholders by helping them plan to meet their financial goals.
We deliver on our promises when customers need us most.
*Subject to medical underwriting. American Protector Plus T2000, Waiver of Premium Disability Rider LR-1C, Children’s Benefit Rider LR-114 and all features and riders are subject to state availability.