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OneAmerica Launches Two New Term Products

New Term Options Give More Choices for Protection

OneAmerica Term, Premier Term Can Help Meet Protection Gap

INDIANAPOLIS – (February 28, 2019) OneAmerica® has launched two new term life insurance products designed to offer more flexibility for protection. Both OneAmerica Term and OneAmerica Premier Term offer guaranteed level premiums and death benefits over the term period, with four term options to choose from. In addition, OneAmerica Premier Term offers conversion options for permanent protection with whole life or whole life with long-term care (LTC) protection.

“With these new products, we’re expanding options for people to match their life insurance coverage to their needs and their overall financial strategy,” said Chris Coudret, vice president of strategy and business development, Individual Life and Financial Services, OneAmerica. “Some people know they won’t have a need for insurance beyond the term period, while others know they’ll at least want to consider a whole life option down the road. With OneAmerica Term and Premier Term, policyholders can be sure they’re paying for the appropriate coverage for their needs.”

Term insurance is an affordable way for families and business owners to cover financial commitments for a specified period of time. According to LIMRA[1], four in 10 households don’t own life insurance coverage.

$100,000 to $1 Million Face Amounts

OneAmerica Term and OneAmerica Premier Term are available for 10-, 15-, 20- and 30-year terms, with face amounts from $100,000 to $1 million. OneAmerica Premier Riders offer additional coverage options, including covering all children for one price, waiver of premium for disability, and living needs benefit.

expanding options for people to match their life insurance coverage to their needs and their overall financial strategy...

“Financial professionals know term life insurance can help meet a variety of needs for their client,” Coudret said. “We’ve designed our term offerings to be easy to understand and explain to clients, with clear benefits and guarantees.”

Annual statements sent to policyholders will help clients keep track of their benefits and premiums, providing up-to-date information on the part that term life protection plays in their overall financial strategy.

OneAmerica Term and Premier Term are available now in all states except New York and California. To learn more about OneAmerica company products or to find a financial professional, visit www.oneamerica.com.

 

 

 

[1] “Facts from LIMRA/Life Insurance Awareness Month.” LIMRA, September 2018.
About OneAmerica®
A national leader in the insurance and financial services marketplace for more than 140 years, the companies of OneAmerica have helped customers build and protect their financial futures. OneAmerica offers a variety of products and services to serve the financial needs of their policyholders and customers. These products include retirement plan products and recordkeeping services, individual life insurance, annuities, asset-based long-term care solutions and employee benefit plan products. Products are issued and underwritten by the companies of OneAmerica and distributed through a nationwide network of employees, agents, brokers and other sources who are committed to providing value to our customers. To learn more about our products, services and the companies of OneAmerica, visit OneAmerica.com/companies.
OneAmerica® is the marketing name for the companies of OneAmerica. Products issued and underwritten by American United Life Insurance Company® (AUL), Indianapolis, IN, a OneAmerica company. Form series: T2020 and T2022. Not available in all states or may vary by state.