OneAmerica Financial Review [2025 Update]

Finding the right tools to grow and protect your wealth – and those you love

About OneAmerica Financial

Making sure that you have the right financial tools in place can be somewhat tricky. While there are countless “gurus” on television, print, and social media who tout various options and opportunities, in many cases, what they’re advertising is made to sound like a “one-size-fits-all” answer.

But the truth is that there is no such thing!

Prior to purchasing any financial or insurance offering, it is essential that you understand both how and why it could be a good fit for you. It can also help you know what to anticipate in the short- and long-term time horizon.

OneAmerica is a national provider of insurance and financial services with a track record that extends more than 140 years. The organization is one of the fastest growing life insurance companies in the United States.

This entity offers high-quality financial and insurance products that can help individuals, families, and companies reach their goals and protect their financial futures. The company’s core offerings include life insurance, annuities, long-term care solutions, and employee benefit plan options.

OneAmerica Companies and Affiliates

OneAmerica includes a family of financial and insurance companies. As a mutual organization, OneAmerica has no shareholders. This means that its top priority is to serve its clients and policyholders.

Affiliate Company	Primary Focus
American United Life Insurance Company (AUL)	Founding member of OneAmerica; offers life insurance, annuities, employee benefits, and retirement solutions
The State Life Insurance Company	Specializes in asset-based long-term care products
OneAmerica Retirement Services LLC	Defined contribution retirement savings options with customized planning solutions
McCready and Keene, Inc.	Actuarial and retirement benefits consulting firm
OneAmerica Securities, Inc.	Full-service broker/dealer and registered investment advisor (RIA)
Pioneer Mutual Life Insurance Company	Offers fixed universal life insurance options
OneAmerica Asset Management, LLC	Registered investment advisor providing advisory services to select clients
AUL Reinsurance Management Services, LLC	Full-service reinsurance management operation

All of these affiliated entities make up the OneAmerica family, and they provide diversity in the products and services they offer.

Financial Strength and Ratings

While putting insurance protection in place is a key component of most any financial and retirement plan, it is also critical to determine whether or not the underlying carrier is strong and stable financially, and that it has a good reputation for paying out it’s policyholders’ claims.

As a financially secure mutual insurance holding company, OneAmerica maintains strong financial ratings and stability. The company has a track record of more than 140 years and, as a mutual company, is more focused on its policyholders since it has no stockholders to cater to.

Rating Agency	Rating	Classification
A.M. Best	A+ (Superior)	Superior ability to meet ongoing obligations
S&P Global	AA- (Stable)	Very strong financial security
Fitch Ratings	A- (Stable)	Strong financial position
Better Business Bureau	A+	Highest BBB rating; accredited since 1991

Further, even though dividends are not guaranteed, many mutual insurance carriers will share these funds with their clients (versus building up wealth for shareholders). It is estimated that OneAmerica paid out more than $27 million to its policyholders in 2022.

2025 Innovations & Updates

Asset Care® 2024 Launch

In January 2024, OneAmerica launched Asset Care 2024, an enhanced asset-based long-term care product with several key improvements:

• Expanded Caregiver Benefits: Improved benefits for informal and in-home caregivers
• Enhanced Inflation Protection: More inflation protection options to guard against rising care costs
• Simplified Benefit Periods: Easier-to-understand benefit period choices
• Improved Pricing: Better value for customers seeking long-term care protection
• Caregiver Support: Additional resources for caregivers and flexible solutions for evolving care needs

Customer Experience Enhancements

OneAmerica has strengthened its focus on customer service with initiatives including:

• Care Benefit Concierge Teams: Specialized support for long-term care clients
• People-First Approach: Emphasis on compassionate service and personalized support
• Digital Service Tools: Enhanced online resources for policy management

Products and Services

OneAmerica services both consumers and businesses. Not everyone’s needs and objectives are the same. So, offering a variety of financial vehicles can ensure that more customers get what they need. In addition, customers’ needs can change over time, as people and companies change. With that in mind, OneAmerica can also grow along with its clients.

Life Insurance

OneAmerica offers a comprehensive range of life insurance products through its affiliated companies:

• Term Life Insurance: Temporary coverage for specific time periods
• Whole Life Insurance: Permanent coverage with guaranteed cash value growth and potential dividends
• Universal Life Insurance: Flexible premium permanent life insurance
• Variable Life Insurance: Permanent coverage with investment options

The reasons why people purchase life insurance coverage can vary a great deal, so having a comprehensive suite of coverage options can help consumers to find a plan that is a good fit for them.

Annuities

Annuities can offer a steady, reliable stream of income in retirement – and depending on the payout option that you choose, you could count on this cash flow for a specific amount of time, or for the remainder of your lifetime, regardless of how long that may be.

There are numerous options when it comes to annuities:

• Fixed Annuities: The fixed annuities provided through OneAmerica are less risky than others (such as variable annuities, where you could end up losing your principal and previous gains). Fixed annuities do not lose principal value in any type of stock market or economic environment. They can also provide you with a fixed rate of return and growth that takes place tax-deferred.
• Variable Annuities: Offer potential for higher returns with market-based investment options
• Immediate Annuities: Begin providing income payments shortly after purchase

Asset-Based Long-Term Care

Because people are living longer today than they did several decades ago, the need for long-term care services is growing rapidly. But this type of care is expensive, regardless of whether it is received in a facility or at an individual’s home.

Securities

The financial professionals who are affiliated with OneAmerica can help you to identify your short- and long-term investment needs. Prior to doing so, though, they will closely review your specific circumstances and goals. Just some of the security-based products that are available through OneAmerica representatives include:

• Mutual funds
• General securities
• Unit investment trusts (UITs)
• Variable annuities
• Variable life insurance (VUL)

In addition, you can prepare your finances for the future through OneAmerica’s pension services, college financial planning, estate preservation strategies, and cash management accounts.

Business Services

OneAmerica also works with companies of all sizes to give their employees access to financial and insurance services. The company serves businesses through the offering of:

• Workplace benefit plans – Workplace benefit plans can comprise a wide array of investment and protection strategies, such as disability and life insurance, as well as savings plans.
• Workplace retirement plans – The workplace retirement plans that are offered via OneAmerica can be customized using various investment and savings options.
• Group Life Insurance – Life insurance through a group plan may be paid for in full or in part by an employer that offers it. The benefit from these plans is paid out to one or more named beneficiaries, and it is typically received income tax free.
• Accidental Death & Dismemberment Plans (AD&D) – If death or dismemberment occurs as the result of an accident, a covered employee or their beneficiary will receive additional funds through an AD&D policy.
• Group Disability Insurance – If an employee becomes ill or injured and is not able to work and earn an income, disability insurance can help.
• Other Value-Added Solutions – Other services for employees can also be offered through OneAmerica, including travel assistance and employee assistance programs.

Products of Special Note

While OneAmerica and its affiliated companies offer a long list of products and services, there are some offerings that may be particularly beneficial to those who are planning for the future.

Whole Life Insurance Through American United Life

The dividend paying whole life insurance coverage that is offered through OneAmerica affiliate American United Life Insurance Company provides lifetime coverage and cash value build-up that will not be reduced, even in a significant market or economic downturn. In addition, the premium on these whole life insurance policies is locked in and will not increase.

American United Life Insurance Company whole life insurance policies are also eligible for dividend payments, which can further increase the gains in the whole life insurance cash value (although they are not guaranteed). The cash also grows tax-deferred, meaning that there is no tax due on the gain unless or until these funds are withdrawn.

Whole life insurance can offer a type of “cushion” to other market-sensitive items in consumers’ retirement plans. This is because the cash value in whole life insurance is not correlated with stock market performance.

Hybrid Long-Term Care Protection with State Life Insurance Company

Over time, many consumers have purchased stand-alone long-term care insurance coverage. But, while these financial vehicles can help with paying the cost of a care need, if the insured never needs these types of services, then the premium will go unused.

This is why “hybrid” long-term care alternatives can provide a more flexible way to plan. Hybrid financial and insurance products offer different ways to use the benefits in the policy.

For instance, a plan that offers both a life insurance death benefit and a long-term care rider can be used to pay for care if it is needed. But if care is not required, the insured’s beneficiary(ies) can still obtain a benefit from the plan.

The State Life Insurance Company, which is an affiliated OneAmerica company, offers several hybrid long-term care payment options. These include:

• The Asset-Care product line: The Asset-Care products use the guarantees of life insurance to provide future protection to an insured’s loved ones. These plans are available using either single or multiple premium payments.
• Annuity Care: The Annuity Care products offer different options that combine annuities with long-term care coverage benefits. If some or all of the funds in the plan are not used for a care need, they can instead be paid out as an income stream through the annuity.

Contact Information

Department	Contact Information
Main Customer Service	1-800-537-6442 (Individual Customer Care Center)
Retirement Plans (Letter)	1-800-249-6269 (Mon–Fri, 8am–10pm ET)
Retirement Plans (Number)	1-800-858-3829 (Mon–Fri, 8am–10pm ET)
Email	Retirement.Services@oneamerica.com
Corporate Address	One American Square Indianapolis, IN 46282
Website	www.oneamerica.com

Conclusion

If you are seeking ways to grow and protect wealth, one or more of the product options from OneAmerica may be viable solutions for you. But because your objectives, time frame, and risk tolerance can differ from other investors and retirees, it is recommended that you first discuss your goals with an insurance specialist who can help you narrow down which – if any – of these products are right for you.

At Insurance and Estates, our mission is to ensure that our clients grow and protect wealth, and in turn, the people and things that are most important to them. We offer a variety of savings, income, and protection vehicles – and we can assist you with coordinating a plan that works for your specific needs. We also provide our clients with guidance and support every step of the way. This means that we are here to help as you move through various life changes.