AUL debuts stable value investment option
Contact:
Beth King, APR, Media Relations Manager
(317) 285-4168 or beth.king@oneamerica.com
For Immediate Release:
Indianapolis (April 5, 2010) – In response to market feedback from financial professionals, the management of American United Life Insurance Company® (AUL) today launched the AUL Stable Value Account for select AUL participants.
According to the Stable Value Investment Association, stable value funds are a core investment in defined contribution employee benefit plans. Nationally, there is approximately $642 billion invested in stable value assets in more than 167,000 defined contribution plans. Stable value funds provide principal preservation and stability in both principal and earned interest, with the flexibility and certainty of money market funds and benefit-responsive characteristic. This means participants can transact at contract value, earning both principal plus accrued interest.
“We’re pleased to offer this investment option to our participants,” said Bill Yoerger, senior vice president of AUL Retirement Services. “By combining the safety of a money market account with guaranteed returns, participants have a powerful way to invest confidently with a company that is financially strong and who has high ratings and conservative management.”
With the AUL Stable Value Account, guaranteed interest is earned and backed by AUL’s general account assets and subject to the claims paying ability of AUL. Participants also can transfer money into and out of the account without any restrictions.
About AUL Retirement Services
American United Life Insurance Company® (AUL) is the founding member of OneAmerica® and offers a wide range of products and services for retirement plans of individuals and employers. As a leader in the retirement services industry, AUL provides local service through a national network of experienced professionals focusing on the 401(k), 403(b) and 457 markets.
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 uses a national network of experienced professionals utilizing an extensive menu of financial products, including life insurance, annuities and employee benefit plan products. The company helps consumers plan for tomorrow by helping to protect 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 130 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 plan 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 increasing value to our policyholders by helping them plan to meet their financial goals.
Tax qualified retirement plans from American United Life Insurance Company (AUL) are funded by an AUL group annuity contract. While a participant in an annuity contract may benefit from additional investment and annuity related benefits under the annuity contract, any tax deferral is provided by the plan and not the annuity contract.
Registered group variable annuity contracts issued by AUL are distributed by OneAmerica Securities, Inc., Member FINRA, SIPC, a Registered Investment Advisor, 433 N. Capitol Ave., Indianapolis, IN 46204, (877) 285-3863, which is a wholly owned subsidiary of AUL.
Variable products are sold by prospectus. Both the product prospectus and underlying fund prospectuses can be obtained from your investment professional or by writing to 433 N. Capital Ave., Indianapolis, IN 46204, 1-877-285-3863. Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. The product prospectus and underlying fund prospectus contain this and other important information. Read the prospectuses carefully before investing.
The AUL Stable Value Account discussed here is available to participants under retirement plans serviced by American United Life Insurance Company® (AUL) through a separate account under an AUL group variable annuity contract. Contributions under a retirement plan purchase units of the AUL separate account, which in turns purchases shares of the underlying AUL Stable Value Account. Contributions are not directly invested into the AUL Stable Value Account.
The information discussed here will provide a basic understanding of the objectives, investment philosophy, and general characteristics of the fund. There can be differences between the costs, fees, and performance of the fund and the investment option within the AUL group variable annuity.
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