OneAmerica® Introduces Secure Income Stream Annuity

OneAmerica® announces the launch of American United Life Insurance Company® (AUL)’s Secure Income Stream Annuity, a flexible deferred income annuity designed to provide consumers with a guaranteed income for their lifetime. The Secure Income Stream Annuity can be a flexible and valuable addition to a personal retirement portfolio.

“Consumers are in various stages and have different goals when preparing for retirement. Some may not have an employer-sponsored pension while others may need to rebuild their income or protect against outliving their money,” said Patrick M. Foley, president, Individual Life & Financial Services for the OneAmerica companies. “With Secure Income Stream, our financial professionals can help consumers put an income strategy in motion and address their retirement goals with confidence.”

Guaranteed income from Secure Income Stream is possible because payments into the contract are reserved to address long-term income goals. Building future income starts with an initial payment of $5,000, with an option to make additional payments of at least $1,000 until 60 days prior to the income start date. The only distributions are income payments, which can start as early as 13 months after the contract date, or may be distributed to loved ones at the annuitant’s death.

This new annuity also offers the ability to customize a guaranteed income strategy. Consumers can select from a variety of income options and choose how often income payments are disbursed (monthly, quarterly or annually) among other features.

“In preparing for retirement, many consumers focus on accumulating assets but aren’t quite sure how they can make their money last for their lifetime,” said Foley. “With Secure Income Stream, consumers will know the exact amount of income they will receive and that it’s guaranteed for their lifetime.”

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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.

OneAmerica’s nationwide network of companies offers a variety of products to serve the financial needs of their policyholders and other customers. 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 nationwide network of employees, agents, brokers and other distribution sources that are committed to increasing value to policyholders by helping them prepare to meet their financial goals.

We deliver on our promises when customers need us most.

Follow OneAmerica on Twitter at @OneAmericaNews.

All guarantees are subject to the claims paying ability of AUL. Secure Income Stream Personal Income Annuity LA33 may not be available in all states.