OneAmerica^® Company Enters Deferred Compensation Market Introducing Executive Privilege – a turnkey retirement supplement for select employees.

OneAmerica® Company Enters Deferred Compensation Market Introducing Executive Privilege - a turnkey retirement supplement for select employees.

Indianapolis -- July 23, 2005

Recognizing the enormous potential in the non-qualified benefits market for small- and mid-sized companies, American United Life Insurance Company? (AUL) a OneAmerica company, is launching Executive Privilege, a deferred compensation program targeted to help reward, motivate and retain top managers and executives.

When it comes to important life events such as retirement, Executive Privilege gives selected executives a way to set aside more tax-deferred money than they are able to contribute to a traditional qualified plan. Designed to be especially attractive for small- to mid-sized companies, Executive Privilege contains all the design attributes and communication capabilities of programs available to the largest companies.

"We've designed Executive Privilege to be very flexible, which should be especially appealing to smaller companies," said John Westerman, director of enterprise business development. "Plans can be designed to accommodate deferral of salary, bonuses, commissions or any combination. Participants may allocate their deferrals between retirement income needs and specific life event distributions such as meeting educational costs. And Executive Privilege can stand alone or work in conjunction with an existing qualified plan." Executive Privilege is offered by AUL in cooperation with Atlanta-based Magner.Network, a leading third party administrator in deferred compensation plans. Magner.Network provides complete plan design, a prototype plan document, implementation and administrative services via Web-based technology. Funding is available through tax-advantaged life insurance issued by AUL.

For more information call 877-446-4285.