Individual Universal Life Insurance
Optimum Accumulator
Issued and underwritten by Pioneer Mutual Life Insurance Company (PML), a stock subsidiary of American United Insurance Holding Company
If you're looking for a fixed-interest life insurance product with flexibility, this may be a great fit. Numerous riders and benefits are available. Contact a PML financial professional for more information. Policy form number series 2900 may not be available in all states.
American Accumulator
Issued and underwritten by American United Life Insurance Company® (AUL)
An American Accumulator flexible premium variable universal life (FPVUL) insurance policy can help with college funding, retirement and estate preservation planning. Select from several flexible options. Contact an AUL financial professional for more information. Policy form number series FPVUL may not be available in all states.
Registered variable universal life insurance (VUL) policies issued by American United Life Insurance Company® (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.
VUL policies are sold by prospectus. Both the product prospectus and underlying fund prospectuses can be obtained from your investment professional or by writing to the issuing insurance company. 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 as investing involves risk including the potential loss of principal.
As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure these strategies and products are suitable for your long-term life insurance needs. You should weigh your objectives, time horizon and risk tolerance as well as any associated costs before investing. Also, be aware that market volatility can lead to the possibility of the need for additional premium in your policy. Variable life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, underlying fund charges and expenses, and additional charges for riders that customize a policy to fit your individual needs.
A life insurance policy issued after June 21, 1998, may be classified as a “modified endowment contract” (MEC) if the cumulative premiums paid during the first seven years (7-pay test) at any time exceed the total of the “net level premiums” for the same period.
If a policy is classified as a MEC, all withdrawals (including loans, surrenders and distributions) will be taxed as current income, until all of the policy earnings have been taxed. There is an additional 10% penalty tax if the owner is under age 59-1/2 at the time of withdrawal, unless the payments are due to disability or are annuity type payments.
Partial policy withdrawals may be taxable. Surrender proceeds or outstanding policy loans may be taxable as gains at the surrender of the contract. Policy withdrawals or policy loans may be taxable as gains when they are taken from a policy that is a Modified Endowment Contract.
All guarantees are subject to the claims paying ability of AUL.
Before investing, understand life insurance products are not insured by the FDIC, NCUSIF, or any other federal government agency, and are not deposits or obligations of, guaranteed by, or insured by the depository institution where offered or any of its affiliates. VUL policies may lose value and are subject to investment risk, including the possible loss of principal.
