Here’s a rundown on the changes of keenest interest to insurance advisors...
INDIANAPOLIS (July 15, 2014) — American United Life Insurance Company® (AUL), a OneAmerica company, successfully completed its first pension liability settlement guaranteeing benefits for pensioners. The process was managed by the plan sponsor’s Pension Risk Transfer advisor, Dietrich & Associates, Inc.
“The Dietrich team helped us secure our first new Pension Risk Transfer client, and we welcome the opportunity to demonstrate a competitive advantage in this growing market,” said Andy Wilkinson, vice president for the companies of OneAmerica. “Our Pension Risk Transfer product offers a win-win for participants and plan sponsors. Participants can enjoy a guarantee for the life of their benefit backed by our companies’ solid financial strength. Plan sponsors can benefit from our extensive experience in defined benefit administration.”
The companies of OneAmerica re-introduced its pension risk transfer offering<http://distribution.mymediainfo.com/lists/lt.php?id=fB8LBFRQDVAEAU8MWgdVA09WVFcIBAM%3D> earlier this year.
“We are pleased to be involved with OneAmerica’s re-entrance into this market,” said Geoff Dietrich, managing director of Dietrich & Associates, Inc. “Their financial strength combined with proven expertise in defined benefits recordkeeping, reporting and administration make OneAmerica a strong contender in this emerging market.”