OneAmerica® introduces Pension Risk Transfer buy-out product

American United Life Insurance Company^® (AUL), a OneAmerica company, today announced Pension Risk Transfer, a Single Premium Group Annuity (SPGA) guaranteed buy-out product that allows plan sponsors to transfer pension risk to AUL.

The Pension Risk Transfer offered by AUL includes recordkeeping of individual employee data and tax withholding and reporting administrative services and is supported by professionals with extensive experience in defined benefit administration. Enrolled actuaries and compliance attorneys are also available for consultation.

“As we enter this market, we are looking to the future,” said Andy Wilkinson, vice president at the companies of OneAmerica. “We anticipate more and more plan sponsors will look to remove pension risk, and our financial strength and experience give us the capability to help them meet their goals.”

Pension Risk Transfer provides the strength of AUL’s guarantee directly to participants for the life of their benefit.

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About AUL
American United Life Insurance Company^® (AUL) is the founding member of OneAmerica^® and is focused on providing a strong portfolio of products for individuals, families and businesses. AUL provides local service through a national network of experienced professionals utilizing an extensive menu of financial products, including retirement plan products and services, life insurance, annuities and employee benefit plan products. The company helps consumers prepare for tomorrow by helping to protect their financial futures.

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 financial services marketplace.