Introduction
American United Life Insurance Company (AUL) is a well-established insurance provider in the United States. With a history dating back to 1877, AUL has been offering a wide range of insurance products and services to individuals and businesses. In this article, we will delve deeper into the company’s history, products, and reputation in the insurance industry.
History and Background
AUL was founded in 1877 as the German Mutual Aid Society, catering primarily to German immigrants in the Midwest. Over the years, the company expanded its offerings and changed its name to American Central Life Insurance Company in 1900. In 1931, it merged with United Life Insurance Company, forming American United Life Insurance Company.
The company continued to grow and adapt to the changing insurance landscape. In 1997, AUL became a member of the OneAmerica Financial Partners, Inc. family of companies, which further strengthened its position in the industry. Today, AUL operates as a subsidiary of OneAmerica, providing insurance solutions to individuals, families, and businesses across the nation.
Insurance Products and Services
AUL offers a comprehensive range of insurance products and services to meet the diverse needs of its customers. These include:
Life Insurance: AUL provides various life insurance options, including term life insurance, whole life insurance, and universal life insurance. These policies offer financial protection to beneficiaries in the event of the policyholder’s death.
Retirement Solutions: AUL offers retirement savings and investment products, such as annuities and individual retirement accounts (IRAs). These products help individuals plan for a financially secure retirement.
Employee Benefits: AUL provides group insurance plans and employee benefits solutions to businesses of all sizes. These offerings include group life insurance, disability insurance, dental and vision coverage, and more.
Asset-Based Long-Term Care: AUL offers asset-based long-term care insurance, which combines life insurance with long-term care benefits. This product provides individuals with financial protection against the high costs of long-term care services.
Reputation and Financial Strength
AUL has built a strong reputation in the insurance industry for its financial stability and commitment to customer satisfaction. The company has consistently received high ratings from independent rating agencies, such as A.M. Best and Standard & Poor’s. These ratings reflect AUL’s strong financial position and its ability to meet policyholder obligations.
AUL’s focus on customer service and personalized insurance solutions has also contributed to its positive reputation. The company strives to understand its customers’ unique needs and provides tailored insurance solutions to meet those needs effectively.
Conclusion
American United Life Insurance Company (AUL) has a long-standing history in the insurance industry, offering a wide range of insurance products and services. With a strong reputation for financial stability and customer satisfaction, AUL continues to be a trusted choice for individuals and businesses seeking reliable insurance solutions.
References
– OneAmerica Financial Partners, Inc.: www.oneamerica.com
– A.M. Best Ratings: www.ambest.com
– Standard & Poor’s Ratings: www.standardandpoors.com
