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Affordable coverage for a greater sense of certainty

Term life insurance offers protection in a simple, straightforward way. You pay a monthly premium and, in return, your loved ones receive a guaranteed payment if you pass away.

Unlike a whole life policy, term life isn’t an asset that grows wealth over time. However, it is an affordable way to make sure your family isn’t burdened with debt if you’re not around. Simply choose from a defined “term” (or coverage period) that works for your needs.

How it works

You don’t have to spend much to get started, and your financial professional will walk you through the details. In the meantime, here are the basics:

  • Choose a “term” that fits your needs. We offer 10-, 15-, 20- and 30-year periods.
  • Your premiums can remain the same for the life of the policy.
  • Your death benefit will not decrease during your selected term period if the policy is active.
  • While there is no cash value associated with term life insurance, the death benefit proceeds paid to your heirs are typically tax-free.

Why it's popular

Term life insurance offers a “safety net” to protect the people you love most. People appreciate a policy like this because:

  • It’s a cost-effective way to ensure loved ones won’t be left burdened with a mortgage, car loan or other debt.

  • We offer ways to convert term life policies into whole life policies that do grow in cash value.

  • Term life insurance can be used to make sure your loved ones can afford to remain in the family home, take family vacations or attend the college you had wanted for them.

We have tools to help you learn more about term life — and other insurance options, visit our Insurance 101 page.

Ready to talk about term life — and other insurance options — we can connect you with a financial professional.

OneAmerica Financial is the marketing name for the companies of OneAmerica Financial.


Products issued and underwritten by American United Life Insurance Company® (AUL), Indianapolis, IN, a OneAmerica Financial company. OneAmerica Term form number T2330 and OneAmerica Premier Term form number T2300. Not available in all states or may vary by state.