Life Insurance

What You Need When You Need It

Life insurance is a way for you to address financial goals while you’re alive as well as a way for your loved ones to have financial security after you’re gone. Setting or evaluating financial goals can help you determine what life insurance product is suitable for you. The companies of OneAmerica^® can help you locate a financial professional who can help.

Whole Life

Seeking a flexible life insurance policy that can address your individual needs from personal, to family to charitable giving? Get lifetime coverage at a guaranteed cost while potentially earning non-guaranteed dividends and having access to the policy’s cash value.

Term Life

Choose affordable life insurance coverage for a temporary amount of time to help you protect those time-boxed assets such as your home mortgage. You have the option to renew your term policy; however, there is no cash value component.

Dividends are not guaranteed, past performance is not indicative of future results, and actual results may vary. Withdrawals and loans from a life insurance policy reduce the death benefit and cash value, may increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

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Long Term Care

Innovative Alternatives to Long-Term Care Insurance

You want to live out the last days of your life as comfortably and with as much dignity as possible. Whether you prefer home health care or living in a nursing home, preparation can reduce the expense and burden of long-term care on your loved ones.

The State Life Insurance Company, a OneAmerica^® company, offers specific products, based on life insurance and annuities, which can provide long-term care benefits if care is needed. If you never need care, your asset passes to the next generation and becomes part of your legacy — making asset-based long-term care an innovative alternative to traditional long-term care insurance.

Contact your insurance agent/producer today to find out more about these exciting products.

Life Insurance with Long-Term Care Benefits

Discover life insurance that can give you options. Use it during your lifetime to help pay for care in your home, care in a facility, or other long-term care services. If you don’t need care, you can access the cash value during your life or make the death benefit part of your financial legacy.

Annuities with Long-Term Care Benefits

Invest in a fixed annuity to efficiently use the assets you have earmarked for long-term care. Use the annuity’s value to cover your first few years of care, then protect yourself beyond that with an optional coverage extension*. Access to the long-term care benefits can even be income tax-free.

*Option at additional cost

Annuities

A Tax-deferred Investment for Future Income

An annuity is a long-term, tax-deferred insurance contract or investment designed for retirement. It allows you to create a fixed stream of income during your retirement through a process called annuitization. When you are ready, during retirement or for other needs, an annuity can become an income stream. To learn more, you'll want to discuss with a financial professional.

Fixed Annuities

Fixed annuities provide a fixed rate of return based on the terms of your contract. They have less risk because your premium is protected from any potential loss and they also come with guarantees which depend on the financial strength of the issuing company.

Notes:

An annuity is a long-term, tax-deferred investment designed for retirement that will fluctuate in value. It allows you to create a fixed or variable stream of income through a process called annuitization. If you decide to take your money out early, you may face fees called surrender charges. Plus, if you're not yet 59½, you may also have to pay an additional 10 percent tax penalty on top of ordinary income taxes. You should also know that an annuity contains guarantees and protections that are subject to the issuing insurance company’s ability to pay for them. An annuity is a contract between you and an insurance company.

Products and financial services provided by American United Life Insurance Company^®, a OneAmerica^® company.

All guarantees are subject to the claims-paying ability of the issuing insurance company.

Provided content is for overview and informational purposes only and is not intended as tax, legal fiduciary or investment advice.

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