OneAmerica® Takes Flagship Life Coverage to the Workplace

OneAmerica^® is now offering its flagship individual whole life coverage to employees at the worksite issued by American United Life Insurance Company® (AUL), a OneAmerica company. With guaranteed issue underwriting, Legacy offers permanent life protection with features that employees would not be able to secure on their own.

“Life insurance is one of the most widely offered and much-needed employee benefits,” said Jim McGovern, vice president, AUL Employee Benefits. “Legacy combines the life protection individuals and families need—but too often don’t secure on their own—with cash value that can grow and be there for them in the future.”

In addition to providing a guaranteed death benefit, premiums that never increase and cash value growth, employees can potentially earn dividends with Legacy.

“Whole life insurance is about providing long-term financial protection,” said McGovern. “Since Legacy is purchased individually, the policy follows the employee in future jobs or in retirement.”

Offering coverage in the workplace makes it more accessible to the estimated three in 10 American households with no life insuranceⁱ and helps address one of employers’ top concerns: employees’ financial well-being.ⁱⁱ

“With Legacy, employers can offer financial education materials, the convenience of enrollment at work and the ease of payroll deduction,” said McGovern. “Employees can also appreciate that their employer has selected an individually-owned whole life policy from a carrier that has been meeting commitments to clients for more than 135 years.”

Designed to be flexible, Legacy coverage is also available to a spouse and children with or without employee purchase, chronic and terminal illness riders are standard, and employees can borrow against cash value for emergencies.

“Group benefit meetings are held at the worksite so employees can learn about the product, understand its benefits and features and confidently make informed decisions for their family,” said McGovern.

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ⁱ LIMRA Facts, Life Insurance Awareness Month, 2012
ⁱⁱ AON Hewitt

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.

AUL Legacy policy form #L-59 and all riders are subject to state availability. All guarantees are subject to the claims paying ability of AUL. Dividends are not guaranteed.

Note: If a life insurance policy lapses with loans outstanding, the loan amount becomes subject immediately to federal income tax, and if the insured is under age 59½, they may be subject to an additional 10% tax penalty.