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Participant-Focused RTI Surgical Earns Prestigious Signature Award
Indianapolis June 22, 2018
Plan Sponsor Council of America recognition is latest for client-focused OneAmerica®
Florida-based RTI Surgical, a publicly traded global surgical implant maker, was nationally honored for implementing an educational retirement plan which boosted participation by its employees. RTI earned a First Place Signature Award in the ‘Increasing Participation/Small Company’ category from the Plan Sponsor Council of America (PSCA) at their 71st Annual National Conference. PSCA, which provides resources to help Fortune 500 and small businesses with their 401(k), 403(b) and profit sharing more...
OneAmerica® Adds New Limited-Pay Whole Life Insurance Product
Indianapolis May 31, 2018
New product includes rider to prevent unintentional lapse
OneAmerica® has launched a new whole life insurance product that provides an opportunity to help the insured build strong cash values for their long-term goals, while also providing protection against unintentional policy lapse. The new Whole Life Select offers a Loan Interest Rate Limitation Rider, one of the industry’s only provisions to help prevent unintentional lapse of the policy due to loans and loan interest on the policy. Whole Life Select also has five premium-payment options more...
OneAmerica Responds to Industry Desire for Guaranteed Income
Indianapolis May 10, 2018
OnePension plan design brings innovative options to retirement plan sponsors
OneAmerica® today unveiled an innovative type of profit-sharing retirement plan design that leverages its company legacy by allowing participants to annuitize their account balance when they retire, providing them with the option of guaranteed income for life. Known as OnePension, this plan design helps satisfy the industry demand for guaranteed lifetime income. It’s an innovative option that removes the administrative hassles, costs, and inflexibility associated with a traditional defined more...
2017 Financials Set Record Highs for OneAmerica®
Indianapolis April 24, 2018
Strong capital position combined with robust sales in all divisions to drive growth
OneAmerica® today announced that 2017 was another record-breaking year of growth, marked by all-time highs in revenues, assets under administration and sales. “In 2017, we delivered $5.8 billion in promises paid to customers as we maintained our extraordinary financial strength, which will allow us to meet countless future commitments,” said Scott Davison, OneAmerica chairman, president and CEO. “And we’ve taken our service and capabilities to the next level, investing millions of dollars in more...
OneAmerica Speed-to-Market Solutions Fill a Large Need for Small Businesses
Indianapolis March 26, 2018
Demand to fill disability, group life gap for groups with two to 99 employees illustrates opportunity for brokers
Buoyed by the tremendous response to a unique, hassle-free implementation of group disability and life insurance coverage, OneAmerica® is expanding awareness of its Small Business Solutions (SBS) for groups with two to 99 employees. SBS is available in a variety of options as either voluntary (through payroll deduction), or as an employer-funded benefit. For brokers, SBS capitalizes on an often overlooked need in the market, delivering ease of service for small businesses with limited more...
OneAmerica Recognized as 2017 DC Survey Standout
Indianapolis March 19, 2018
Pension Risk Transfer growth second-highest among competitors
Results from the PLANSPONSOR magazine 2017 Annual Defined Contribution (DC) Survey, announced today, showcase the strength of OneAmerica® as a recordkeeper in multiple asset markets. OneAmerica received 46 Best in Class Awards in a competition that recognizes high levels of service, as rated by plan sponsors in the retirement services industry. OneAmerica was listed as a DC Survey Standout in two of the six asset–based markets, receiving 'Gold' (first place) in the 'Small B' market (>$25MM - more...
Annuities underutilized for tax-free LTC benefits, data suggests
Indianapolis March 15, 2018
New guide aims to educate consumers and financial professionals on options
About 18 percent of all U.S. households own a deferred annuity, estimates the LIMRA Secure Retirement Institute, yet data suggest many annuities will never be activated for monthly income, leaving potential tax consequences for beneficiaries. Many of these individuals can benefit by learning more about exchanges under Internal Revenue Code section 1035 of the Federal Tax Law, which can offer tax benefits for beneficiaries as well as provide tax-free long-term care (LTC) benefits, should they more...
OneAmerica, Mesirow Financial Announce Rollout of 3(38) Flex
Indianapolis October 16, 2017
Latest fiduciary support option created as result of client demand
In collaboration with Mesirow Financial Investment Management, Inc., OneAmerica® announced today announced the debut of 3(38) Flex as an option for retirement plan sponsors to ease their fiduciary burden while allowing clients to retain their preferred fund choices. “Because we understand the importance of selecting investments that are appropriate for each retirement plan, we’re again expanding our services to help financial professionals and plan sponsors offer a quality retirement plan for more...
Standard and Poor’s Affirms AA- Ratings of OneAmerica Companies
Indianapolis October 10, 2017
Financial strength rating reflects stable outlook
Standard & Poor’s (S&P) has affirmed its AA- rating of OneAmerica® and its life insurance companies—American United Life Insurance Company® (AUL) and The State Life Insurance Company® (State Life)—and maintained its stable outlook. The AA- rating is the fourth highest of 22 possible ratings. “We continue to build on our 140-year history, with the consistency of our financial strength and stability as again affirmed by Standard & Poor’s AA- rating,” said OneAmerica Chairman, President and CEO, more...
Survey: Majority of Americans Believe Health Insurance or Medicare Will Pay For Long-Term Care
Indianapolis September 28, 2017
Results show need for more education
More than half of Americans – 55 percent – mistakenly believe health insurance or Medicare will pay for assistance with daily living due to illness or injury for an extended period of time. A recent survey1 conducted online by Harris Poll on behalf of OneAmerica® asked adults how they would pay for assistance with daily living due to illness or injury, either in-home or in a care facility, for an extended period of time (i.e., longer than 90 days). More than half (55%) said they’d use Medicare more...