The American United Life Insurance Company:
Learn before you Buy...
The American United Life Insurance Company is an AM Best A+ rated Indiana based US Life Insurance Company. They are owned and managed by OneAmerica Group and have between $1.5 and $2.0 Billion in adjusted policyholders' surplus (PHS). They are most famous for their Whole Life Insurance Product.
The American United Life Insurance Company and OneAmerica:
OneAmerica owns and operates the American United Life Insurance Company as well as a few other insurers that are tied in together. This well rated financial conglomerate is based in Indianapolis and has a terrific whole life insurance product.
American United Life Insurance Company / OneAmerica Contact Information:
OneAmerica Financial Partners and
Insurer Physical Address: PO Box 368 Indianapolis IN 46206
Insurer Phone Number: 317-285-1877
Insurance Fax Number: 317-285-1979 (OA) and 317-285-5114 (Am United)
Insurer Website: oneamerica .com
Insurer NAIC Number: 60895
CEO of Insurer: Mr. James Scott Davidson
Other Key Executives: Mr. Jeff Malicki - Chief Agency Officer
Mr. John Charles Mason - Director
About American United Life Insurance Company:
American United Life Insurance Company is part of the OneAmerica Financial Partners and OneAmerica Group. Other divisions / insurers within this group include: American United Mutual Holding Partners, Pioneer Mutual Life Insurance Company, and State Life Insurance Company. Some of these entities are insurers and some are holding companies.
The History of this Insurer:
American United / OneAmerica is based in Indianapolis Indiana and the company dates back to the 1870s. The company originally was founded by Knights of Phythias around 1877. The company has had numerous names changes including the adaptation of the American Central Life Insurance Company.
The company now includes both The American United Life Insurance Company and the Pioneer Mutual Life Insurance Company.
The OneAmerica name was founded about the year 2000.
American United Life Insurance Company Financial Strength Ratings (FSR):
The American United Life Insurance company has an excellent financial strength rating by AM Best of A+. The State Life Insurance Company also has an AM Best A+ rating. An A+ AM Best FSR is considered the second best available. The best available is A++. For the purposes of most types of insurance we believe that A++ and A+ are acceptable for most forms of life insurance.
Standard and Poor's is another rating agency and they rate both American United Life Insurance company and the State Life Insurance Company as AA-.
American United Life Insurance Company Products:
American United / One America offers numerous insurance products. These insurance products include: Life Insurance, Annuities, Long Term Care Insurance, Workplace Benefit and Retirement plans.
American United Life - Whole Life Product:
This company offers whole life insurance products that are available to those wanting a permanent life insurance product to last for "throughout your entire life." The American United Life plan policy offers "non-guaranteed dividends." Consumers that build up cash value can have potentially take out loans against that value.
They offer payment length options from five years to your entire life. The shorter duration policy payment plans would likely be considered limited pay life insurance.
Their signature whole life insurance product is the Legacy 121 non guaranteed dividend whole life policy.
American United Life - Term Life:
This renewable term product is available, generally, for those between the ages of 18 to 80. And according to their website, the renewable feature may be available for existing customers up to "age 95."
These policies are often convertible, meaning that you can transition this product to a whole life insurance product at another time.
American United Life - Annuities:
American United offers has a fixed annuity option. Annuities are complex financial instruments and not the focus of this website. Consumers are advised to fully understand any annuity product before they purchase them. Annuities are loosely grouped with life insurance products but are not really a true life insurance product.
American United Life - Long Term Care Options:
The State Life Insurance Company, an affiliated One America company offers Long Term care options combined with either a life insurance product or an annuity.
These policies are typically distinct and different than standard long term care policies.
As previously stated they offer living benefit type options with some of their life insurance products such as their Legacy 121 product. A few of their life insurance riders include "Living Benefits Rider." Living Benefits Riders allow for a limited early pay out of the death benefit in the event of a terminal diagnosis of the insured.
The whole life insurance policy also allows for a Paid Up Additions Rider which allows insured to purchase additional whole life insurance using their non guaranteed policy dividend.
There may be other riders that are available with a given insurance contract.
Conclusion about this Insurer:
Thank you for reading our article about this important life insurer. At this time we present this information as a service to consumers and we are not affiliated to sell or service this company's products. Should you have any questions, please feel free to contact us directly: sales @ marindependent.com
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