American United Life Insurance Company – Everything You Need to Know

When it comes to financial planning, life insurance is an essential aspect of securing your future. In the vast sea of insurance companies, American United Life Insurance Company is a reliable and reputable option.

History of American United Life Insurance Company

American United Life Insurance Company (AUL for short) was founded in 1877 in Indianapolis, Indiana. Since then, it has established itself as a prominent life insurance provider in the United States.

In 1997, AUL became a member of OneAmerica Financial Partners, Inc., a mutual organization that offers a range of financial services, including retirement plans, employee benefits, and asset management.

Despite its significant growth, AUL has always maintained its commitment to providing personalized and high-quality services to its policyholders.

Types of Insurance Policies Offered by American United Life Insurance Company

AUL offers a variety of life insurance policies tailored to meet different needs and budgets. Here are some of the insurance policies offered by American United Life Insurance Company:

Policy Type
Description
Term Life Insurance
AUL’s term life insurance policy provides coverage for a specified period, typically ranging from 10 to 30 years. Premiums are fixed during the term, making it a budget-friendly option.
Universal Life Insurance
Universal life insurance offers flexibility in terms of premiums and death benefits. Policyholders can adjust their premium payments and coverage amounts as per their changing needs.
Whole Life Insurance
Whole life insurance provides coverage for the entire lifetime of the policyholder. This type of policy also builds cash value over time, which can be borrowed against or withdrawn.

FAQs About American United Life Insurance Company

What is OneAmerica Financial Partners, Inc.?

OneAmerica Financial Partners, Inc. is a mutual organization that offers a range of financial services, including retirement plans, employee benefits, and asset management. It is the parent company of American United Life Insurance Company.

How can I purchase an insurance policy from AUL?

You can purchase an insurance policy from AUL through a financial advisor or broker. You can also contact the company directly to learn more about their policies.

Is AUL a reputable insurance company?

Yes, AUL has a strong reputation as a reliable and trustworthy insurance provider. It has been in business for over 140 years and is backed by OneAmerica Financial Partners, Inc.

What happens if I miss a premium payment?

If you miss a premium payment, your policy may lapse, which means you will lose your insurance coverage. However, AUL offers a grace period during which you can make your payment and reinstate your policy.

Can I borrow against the cash value of my policy?

Yes, if you have a whole life insurance policy, you can borrow against the cash value. However, you will need to pay back the loan with interest, and if you fail to do so, your death benefit may be reduced.

Conclusion

American United Life Insurance Company is a trusted and established insurance provider that offers a range of policies to meet different needs and budgets. With its commitment to personalized service and financial stability, AUL is an excellent choice for anyone looking to secure their future.