OneAmerica® marks 2014 success for Pension Risk Transfer buy-out product

In its inaugural year, Pension Risk Transfer, a Single Premium Group Annuity guaranteed buy-out product that allows plan sponsors to transfer pension liabilities to OneAmerica, exceeded its first year expectations, ending the year at $51 million in sales premium.

“We’re extremely pleased with last year’s successful outcome,” said Andy Wilkinson, vice president for the companies of OneAmerica. “With our financial strength, commitment to service, and strong investment performance, we expect our sales to grow even more in 2015.”

The Pension Risk Transfer product is offered by OneAmerica and includes administrative services supported by professionals with extensive experience in defined benefit administration.

This new offering expands the company’s ability to serve retirement plan clients. As an example, the Kentucky Hospital Association recently terminated their plan and transferred its pension liabilities to OneAmerica after utilizing its defined benefit actuarial services for the last 41 years.

“Knowing that we were working with OneAmerica gave me great comfort in knowing that things were going to be handled right,” said Carol Walters, vice president of education and administration for the Kentucky Hospital Association. “I knew that it would be a seamless transition, which it was, and that our retirees would get the attention that we would want them to get.”

Nationally recognized in retirement plan administration, OneAmerica has more than $16 billion in defined contribution assets under administration and boasts an A+ (Superior) rating, the second highest of 16, from A.M. Best Co. and an AA- rating, the fourth highest of 22, from Standard & Poor’s.

“We’ve also built strong relationships with financial professionals and consultants who specialize in the pension risk market,” Wilkinson said. “Serving clients through trusted advisors is core to our vision and is essential to our success.”

OneAmerica is the marketing name for American United Life Insurance Company® (AUL). Products are issued and underwritten by AUL.

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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.

The OneAmerica companies offer a variety of products and services to serve the financial needs of their policyholders and customers. These products include retirement plan products and trust and record-keeping services; individual life insurance, annuities, asset based long-term care solutions and employee benefit plan products.

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. To learn more about our products, services and the companies of OneAmerica, visit www.OneAmerica.com/companies, the OneAmerica Newsroom or follow @OneAmericaNews on Twitter.