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Preparing for retirement. And the unexpected. 

If your financial strategy allows for some risk, consider a variable universal life insurance (VUL) policy. In simplest terms, VUL is a life insurance product that allows you to invest its cash value in the stock market. That means you have a chance for greater returns, but it also means more risk.


Like all life insurance, a variable universal life insurance policy can help your loved ones meet their financial needs in the event of your death. It could be a good fit for you if you’re looking for a way to maximize growth potential in a tax-deferred policy.

How it works

Your financial professional can walk you through all the details. But basically here’s what you should know about VULs:

  • A typical whole life policy offers a guaranteed, though modest, rate of return. A variable universal life insurance policy offers a chance to earn greater returns, but it comes with the risk associated with the stock market.
  • Depending on your financial goals, you can use the cash value during your lifetime, or leave it to your loved ones. Either way, it’s usually tax-free.
  • The policy acts as a retirement savings tool that offers a death benefit should you pass away prematurely. 
  • Your premium payments and investment options can be adjusted over time to align with your changing priorities and goals.

Why it's popular

A VUL policy isn’t for everyone. But it could be right for you if you’re looking for:

  • A way to adjust premiums to fit your changing budget.

  • More say in how your money is invested.

  • A policy with the potential for higher growth.

Where to start

Learn more about variable life insurance — and other insurance options — by talking to your financial professional.

Products issued and underwritten by American United Life Insurance Company® (AUL), Indianapolis, IN, a OneAmerica company and registered variable products distributed by OneAmerica Securities, Inc., a Registered Investment Advisor, Member FINRA, SIPC. Form number series ICC21 VUL21. Not available in all states or may vary by state. Not available in CA, NY, & SD.


The life insurance policy describes coverage under the policy, exclusions and limitations, what you must do to keep your policy in force, and what would cause your policy to be discontinued. Please contact your licensed agent or OneAmerica for more information, costs, and complete details on coverage in order to help you determine if the policy is suitable for your needs.


Variable investment options are subject to market risk which includes the potential loss of principal. Withdrawals and loans from a life insurance policy reduce the death benefit and cash value, may increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.


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 One American Square, Indianapolis, IN 46282, 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.


Neither the companies of OneAmerica, nor their representatives provide tax or legal advice. For answers to specific questions and before making any decisions, please consult a qualified attorney or tax advisor.

All guarantees and benefits of the insurance policy are subject to the claims-paying ability of the issuing insurance company. They are not backed by the broker-dealer and/or insurance agency selling the policy, or any affiliates of those entities other than the issuing company affiliates, and none makes any representations or guarantees regarding the claims-paying ability of the issuer.


Not a deposit – Not FDIC-Insured – May go down in value – Not insured by any federal government agency – Not guaranteed by any bank or savings associations.