Products and financial services provided by the companies of OneAmerica®

I-24010

Your journey to financial securityusing life insurance

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You began your journey along life’s long road as a newborn. In the years since, you’ve played many roles -- some major, some minor. While your early years may not remain in your memory bank, you no doubt uttered words like “mine!” and “no!” when something important was taken from you.

Your actions showed you wanted to protect and keep the treasures you cared about most.

Your life’s journey since then has been full of joys, memories, goals and challenges. Perhaps you’re single, a spouse, parent, business owner or soon-to-be retiree.

How life insurance works

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LIFEINSURANCECOMPANY

Benefits you can use, including cash value you can access as needed

Proceeds your beneficiary can use ashe or she wants — generally free of federal and state income taxes

Duringlifetime

At death

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Stages of your life’s journeyNo matter where you are in your journey, you may ask yourself:• What’s important to me? • What are my goals? • How can I achieve my goals?• How can I prepare now for the

unknown challenges ahead?

You might feel anxious when you think about your strategy for the future. The good news is existing products and services can help you address your current and long-term goals.

Life insurance exploredFirst let’s establish a foundation by defining life insurance. Life insurance is an agreement between you and the life insurance company. It’s a promise that when you die, your loved ones will receive money. You make payments to the life insurance company in exchange for financial protection.

When determining if a life insurance product is suitable for you, consider the associated costs and your long-term goals.

Benefits at deathLife insurance is an asset. As long as the policy is active at the insured’s death, a benefit transfers to the beneficiaries (i.e., the individuals you assign to receive policy proceeds). This transfer generally is free of federal and state income taxes.

Benefits during your lifetimeLife insurance can provide more than just a death benefit. Many life insurance products offer optional riders for additional protection during your lifetime. One benefit allows you to continue your coverage at no cost if you become disabled.

Cash value is a feature of whole life and universal life insurance. The cash value can grow over time, and you can borrow from it to address financial needs. The carrier deducts any outstanding loans from the benefits before distributing proceeds to your beneficiaries.

Note: Each optional rider has an additional cost. Benefits have different long-term advantages. In some circumstances, the cost of an option may exceed the actual benefit paid for the option. If you borrow from the cash value of a whole life or universal life insurance policy and decide not to repay the amount, the insurance company will deduct the outstanding loan from the death benefit and distribute the proceeds to your beneficiaries. Unpaid policy loans and withdrawals reduce the cash value and death benefit. Loans outstanding at policy lapse or surrender cause immediate taxation on contract gains. The loan interest is higher than the base policy accumulation rate.

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Roles in life’s journeyWhether you’re starting a career or enjoying your open adventure, you can

find life insurance options that fit.

Starting out

Beginning a career

“ I want to make good decisions, but I’m just getting started.”

Life insurance helps you build financial protection while you’re able. If you wait to purchase life insurance, you risk an adverse change in health — which can result in increased cost or inability to qualify for coverage. Since your marital status, financial obligations and health may change, it’s a good idea to obtain coverage now.

Established

Using your career to build and protect wealth

for the future

“ I’ve reached my career peak. Now I really need to prepare for the future for myself and my loved ones.”

When setting goals, you typically consider your family’s livelihood. Life insurance helps you build value that can protect your family’s goals and help you reach them. Many life insurance products also offer the option to purchase additional protection you can use during your lifetime.

Growing

Building a career and discovering

financial security

“ I love my career. I’m just not sure what to do with my money.”

Life insurance can provide financial resources for your loved ones if something happens to you. Do you share a mortgage or rely on a dual family income? Life insurance can protect against loss of income so your loved ones may maintain their lifestyle after you’re gone.

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Shifting gears

Preparing to enjoy what you’ve earned

“ I have a fulfilling life, but I want to move toward retirement.”

You can build value in a cash value accumulating life insurance policy to add security during your retirement. You can continue to enjoy life and feel confident that you have a policy in place to protect your financial future. Your cash value is guaranteed and can help provide access to money when it is needed.

Open adventure

Enjoying what you’ve earned and addressing

the unforeseen

“ I want to continue enjoying life, but I worry about the financial what-ifs.”

You can address unexpected expenses in a life insurance policy that accumulates cash value. Perhaps the children aren’t completely financially independent, you eventually require long-term care or your parents need financial assistance. Life insurance can put you in good position to provide stability to allow you to work towards retirement-income goals and potential expenses.

Legacy

Leaving resources for loved ones to

pursue their goals

“ I worry that my loved ones may have problems reaching their goals if something happens to me.”

Life insurance allows you to leave a legacy to your loved ones in the form of a benefit paid at your death. You can apply for a life insurance amount that may sufficiently address your loved one’s financial goals for the future.

Although the future has uncertainties, you can pass down what you’ve learned and earned.

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What life insurance offers you

GuaranteesOne form of life insurance has guarantees regardless of market fluctuations. Based on the product you select and as long as you make required payments, you can receive certain guarantees.

The companies of OneAmerica provide three life insurance solutions with guarantees.

1. Whole life insurance offers you:

• Guaranteed cash value you can use for any reason during the life of the policy.

• Level cost for the base policy guaranteed to never increase — regardless of market conditions.

• Potential to earn dividends (a return of the cost you paid based on the year-to-year experience of the insurance company) you can use however you choose.

2. Term life insurance offers you:

• Guaranteed level cost for the initial time period (10, 15, 20 or 30 years) and then an annual cost increase.

• Low initial cost compared to other types of life insurance.

• Pure financial protection with no cash value.• A privilege to move all or part of your term

insurance to permanent coverage. You can convert to permanent insurance that accumulates cash value you can use as you want. A change in your health since you first purchased your policy cannot prevent you from obtaining permanent insurance.

3. Universal life insurance offers you:

• A guaranteed interest rate.• Flexible payments so you can pay more or less

premium as needed to suit your budget.• Adjustable coverage so you can increase or

decrease your life insurance — or switch to a different option — as your situation changes.

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

Life insurance can provide more than just a death benefit. Many life insurance solutions offer benefits you can use during your lifetime.

Each type of life insurance has features to help you protect your future.

Whether you seek guaranteed cash value or adjustable coverage, you can find

a suitable option to address your goals.

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How life insurance can address your goals

0% 20%10% 30% 50%40% 60%

Final expenses

To pay off mortgage

Income replacement

Transfer wealth

Estate taxes or estate bills

College funding

Funds for education

Relative bought it for me

Tax savings

Business purposes

Charitable gift

116101920325378

51%

26%

24%

24%

14%

10%

9%

8%

8%

5%

4%

Percentage of consumers

Source: LIMRA’s 2015 Insurance Barometer Study, April 2015 update, page 13Note: Percent mentioning, multiple responses possible

Top reasons consumers choose life insurance

When you consider your journey and your future, know that life insurance can address multiple goals — including your personal life plans — at an affordable cost.

As part of your financial strategy, life insurance can place you in a favorable position. It helps you build value, protect the people and things you love and leave a legacy.

Life insurance can address multiple goals. See how a policy can be a good fit for you.

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Finding a suitable life insurance option

Life insurance features from the companies of OneAmerica Whole life Term life Universal life

Issuing company American United Life Insurance Company®

American United Life Insurance Company®

Pioneer Mutual Life Insurance Company®

Coverage duration Until age 100 or later To age 95 Until age 100 or later

Cost • Initially higher than term cost• Level and can be more cost

effective than term because the whole life cost cannot increase

• Typically higher than universal life

• Initially lower than universal life and whole life

• Level for the initial time period (10, 15, 20 or 30 years) and then the cost increases every year

• Flexible• Initially higher than term insurance• Typically lower than whole

life cost

Coverage Level base coverage for the life of the policy

Level base coverage for the life of the policy

• Flexible — can increase or decrease within certain guidelines

• Multiple options that determine the amount available

Cash value Guaranteed cash value accumulates tax-deferred

None Accumulates tax-deferred with a guaranteed minimum interest rate

Dividends Potential to earn dividends None expected None expected

Advantage • Coverage for a lifetime as long as required payments are made

• Anticipated dividends

Generally has the highest coverage for the lowest cost during the initial time period

• Flexibility• Coverage for a lifetime as long

as payments are greater than the cost of insurance

Life insurance options can provide value along your life’s journey. In the chart below,

you’ll see factors to evaluate as you choose life insurance to support your goals.

Which type of coverage is most suitable for you?Whole life insurance may make sense for you if you:• Want to pay a premium amount that will

never increase.• Seek lifetime coverage.• Want to accumulate guaranteed cash values

you can use at any time for any reason.• Look to receive dividends when the insurance

company has favorable results.

Term insurance may make sense for you if you:• Just started a family.• Manage your household on a tight budget.• Want life insurance coverage only for a specific

time period, such as to cover expenses for your children’s college years if something happens to you.

• Anticipate you will later want lifetime coverage.

Universal life insurance may make sense for you if you:• Want flexibility.• Anticipate times when you can submit additional

payments or when money may be tight.• Seek lifetime coverage.

Your financial professional understands your concerns and is prepared to help you determine which coverage is most suitable for your goals.

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A knowledgeable financial professional can help you:• Determine the type and amount of life insurance

you need in your situation• Understand product features• Customize a policy to address your goals• Identify ways you can pay for coverage

Soon you can have a strategy in place to support your journey to financial freedom.

NoteDividends are not guaranteed.

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

Some changes to the death-benefit option on a universal life insurance policy require you to apply for coverage by answering questions about your current health. Coverage totals are subject to minimum and maximum amounts.

The concepts for life insurance uses were derived under current tax laws. Any future tax law changes may adversely affect the effectiveness of these concepts.

When discussing loans or withdrawals, it is important to determine if the policy is a modified endowment content, or MEC. If the policy is a MEC, then any distributions

taken from the policy will generally be taxable to the extent there is gain in the contract and subject to a 10% tax penalty if the policyowner has not yet attained age 59 1/2.

If a life insurance policy lapses with loans outstanding, the loan amount becomes subject to federal income tax to the extent there is a gain in the contract. In addition, outstanding loans at death will reduce the death benefit of the policy.

The journey to financial security begins with a single step. Congratulations on beginning yours!

Start your journey!Life insurance can be an important part of your overall financial strategy. You can use life

insurance to address your financial goals now and into your future.

The companies of OneAmerica®One American Square, P.O. Box 368Indianapolis, IN 46206-0368 (317) 285-1111www.oneamerica.com

© 2015 OneAmerica Financial Partners, Inc. All rights reserved. OneAmerica® and the OneAmerica banner are all registered trademarks of OneAmerica Financial Partners, Inc.

The companies of OneAmerica®: American United Life Insurance Company®, The State Life Insurance Company®, OneAmerica Retirement Services LLC, McCready and Keene, Inc., OneAmerica Securities, Inc. and Pioneer Mutual Life Insurance Company®, which is a stock subsidiary of American United Mutual Insurance Holding Company

About OneAmerica OneAmerica Financial Partners, Inc., headquartered in Indianapolis, Ind., has companies that can trace their solid foundations back more than 135 years in the financial services marketplace.

The OneAmerica companies offer a variety of products and services to serve the financial needs of their policyholders and customers. These products include retirement plan products and record-keeping services; individual life insurance, annuities, asset-based long-term care solutions and employee benefit plan products.

The products of the OneAmerica companies are distributed through a nationwide network of employees, agents, brokers and other distribution sources that are committed to increasing value to policyholders by helping them prepare to meet their financial goals. To learn more about our products, services and the companies of OneAmerica, visit oneamerica.com/companies.

Note: OneAmerica is the marketing name of the companies of OneAmerica. Products and financial services are issued and underwritten by the companies of OneAmerica.

I-24010 08/20/15