Employers Can Now Offer Prepackaged Options for Life and Disability Products with OneAmerica®

American United Life Insurance Company^® (AUL), a OneAmerica company, recently introduced Defined Options, a new life and disability concept modeled after the leveled, prepackaged health care exchange options brought to market under the Patient Protection and Affordable Care Act. A tiered concept offered by AUL simplifies the benefit selection process for employees and offers more options and flexibility for employers.

“Defined Options allows employers to choose the products and levels of coverage that make sense for their employees,” said Jim McGovern, vice president, AUL Employee Benefits. “Employees can also more easily choose the type and level of coverage they need and afford.”

Defined Options combines lines of coverage for short- and long- term voluntary disability and term insurance into packages so employees only need to make one choice for group life and disability products.

Employers can offer up to three packages at Bronze, Silver and Gold levels and choose up to four lines of voluntary coverage for each. They can also offer their customized Defined Options packages in addition to traditional employer-paid lines of coverage.

“Health care reform is changing the way people select their benefits,” said McGovern. “Employees expect their company to provide all of their benefit information in the same simple, understandable way as it has been presented on the health care exchanges. Offering packages of coverage pre-selected by the employer simplifies the options and decision-making for employees.”

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About AUL Employee Benefits
American United Life Insurance Company^® (AUL) is the founding member of OneAmerica^® and offers a strong portfolio of products for employee benefit plans, including group life and disability insurance, as well as access to employee and travel assistance programs through other providers. AUL provides value beyond today through financial strength, mutual insurance holding company values, innovative group voluntary insurance products and tools, and quality service from local representatives, service professionals and claims specialists.

About OneAmerica
OneAmerica Financial Partners, Inc. headquartered in Indianapolis, Ind., has companies that can trace their solid foundations back more than 135 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 benefit plan products. 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 prepare to meet their financial goals.