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From Golden Rule Financial Services to OneAmerica(R)

Copyright:PR Newswire
Source:PR Newswire
Wordcount:540

INDIANAPOLIS, Feb. 23 /PRNewswire/ -- More than one year after The State Life Insurance Company(R), a OneAmerica company, purchased the Financial Services division of Golden Rule, the benefits from the acquisition are very apparent. With sustained sales, phenomenal employee retention and the successful release of Care Solutions (a suite of life insurance and annuity products with long-term care benefits) in 22 states, company leadership has stated that this transition has been the smoothest in OneAmerica's history.

When State Life closed on the sale of Golden Rule's Financial Services division (GRFS), it was the largest acquisition ever for the OneAmerica enterprise. One year ago, nearly 100 employees moved from Golden Rule's headquarters on Indianapolis' northwest side into the OneAmerica Tower in downtown Indianapolis.

"We not only acquired the most competitive portfolio of long-term care solutions and its assets, we also inherited the extraordinary employees behind this innovative product line," said Dayton Molendorp, OneAmerica President and CEO. "This addition to the OneAmerica family is one that has added significant value to our policyholders while aligning with our strategic growth plans."

This success is a direct result of the careful and comprehensive planning of a group who devoted much of their time and energy to integrating the new team. "We had it set up so that all GRFS employees had to do was drive to a different building," said Joe Pearson, OneAmerica vice president, strategic initiatives.

For GRFS employees, the benefit of coming to State Life is more evident every day. "Because of the incredible support structure at OneAmerica, we're better positioned to grow our business," said Richard Merrill, President of State Life. "We're taking full advantage of the remarkable administration, systems and investment experience available to us."

More exciting milestones are expected in 2007. Among the most critical is continuing the momentum of releasing Care Solutions in additional states. Plans are also in place to hire more sales staff to pursue new and exciting opportunities.

About State Life

With the acquisition of Golden Rule Financial Services (GRFS) division in October 2005, The State Life Insurance Company(R) is now the exclusive wholesaler of the Care Solutions portfolio, including: Asset-Care(R) (life- based LTC), Annuity Care(R) (annuity-based LTC), ImmediateCare(R) (immediate annuity for individuals currently receiving long-term care) and Legacy Care(R) (senior-focused deferred annuity). These products are still issued through Golden Rule in states where the State Life portfolio has not yet received state approval.

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About OneAmerica

OneAmerica Financial Partners, Inc., is headquartered in Indianapolis, IN. The companies of OneAmerica can trace their solid foundations back more than 125 years in the insurance and financial services marketplace.

OneAmerica's nationwide network of companies offers a variety of products to serve the financial needs of their policyholders and other clients. These products include retirement plans, products and services; individual life insurance, annuities, long-term care solutions and employee benefits. The goal of OneAmerica is to blend the strengths of each company to achieve greater collective results.

The products of the OneAmerica companies are distributed through a network of employees, agents, brokers, and other distribution sources who are committed to maximizing value to our policyholders by helping them plan to meet their financial goals.


    Contact: Jessica Mace
    Phone: 317.285.4168
    Email: Jessica.mace@oneamerica.com

SOURCE OneAmerica

CONTACT: Jessica Mace of OneAmerica, +1-317-285-4168, Jessica.mace@oneamerica.com



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