American United or American United Life Insurance Company is the founding member of mutual organization OneAmerica. The company is well known for providing life insurance, annuities, retirement offerings, and employee benefits products for businesses, families, and individuals.
Among its financial highlights, the company counts on total assets of $28 billion with a total surplus of $1.2 billion in 2018.
American United got established in 1877
In 1877, with the efforts of Knights of Pythias a life insurance program got started under the name United Mutual Life Insurance Program. Soon it came under merge with American Central Life Insurance Company to form American United Life in 1936.
It also formed a strategic alliance with the State Life Insurance Company in 1994 and the Pioneer Mutual Life Insurance Company in 1998. Now it is under OneAmerica Financial Partners, Inc. since 2000.
What do they offer in products?
American United is focused on selling out life insurance policies for individuals, families and small
businesses. Among life insurance products they offer term, universal and whole life insurance with fixed annuities.
They also work on retirement planning policies offering a wide range of products by considering 401(k), 403(b) and 457 markets.
Aside on their employee benefit programs, they have a disability, voluntary and traditional group life insurance on the list.
They also provide travel and employee assistance programs through other providers with access to FMLA administration.
Talking about registered variable annuity products then it is totally under distribution control of OneAmerica Securities, Inc. whereas the group annuity contracts are issued by American United.
Is the company legitimate?
Yes, the company is legitimate and is working under the marketing name OneAmerica. It is authorized and licensed to carry out life insurance business in every state of the United States except New York.
They work and provide superior services to their customers through a national network of experienced professionals. Their financial strength can be on count considering their ratings by financial institutions like A.M. Best and Standard & Poor's.
American United has got the AA- from Standard & Poor's which is the fourth highest of 22 possible ratings in September 2018 and A+ from A.M. Best which is the second-highest of 16 possible ratings in July 2018.
These above-mentioned ratings reflect the paying ability of American United Life Insurance Company subject to market risks.
Why American United?
The company has the vision to deliver services to its customers knowing what they exactly need in the situation. They go for long-term care and help customers when its time to retire.
They focus on keeping their promises and get through the customer's financial and personal goals.
What's on the board?
The American workers want life insurance as an employee benefit according to a survey by OneAmerica in August 2019.