Fixed Life and Variable Life Insurance Sound Basis

As your personal situations change (e.g., marriage, birth of a child, job promotions, retirement, relocation, etc.), so will your life insurance needs.  Care should be taken to ensure these products are suitable for your long-term life insurance needs.  You should weigh your objectives, time horizon and risk tolerance as well as any  associated costs before making a purchase of investing.

Fixed and variable life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, underlying fund charges and expenses, and additonal charges for riders that cusomize a policy to fit your individual needs.  Investing involves risk, which includes the ptoential loss of principal. 

Universal Life Insurance

Universal life insurance is a form of insurance that can provide life-long protection for you and security for your beneficiaries. In any cash value policy, there are some common features:

• You can cancel or surrender a policy in whole or part and receive cash in a lump sum equal to the current cash value, which increases as you pay premiums. Please read AUL's VUL disclaimer regarding variable universal life policies.
• If you need to stop paying premiums, you can use the cash value to pay premiums and continue your current insurance protection for a specified time.
• You may be able to borrow from the policy, using your cash value as collateral. You must repay the loan with interest or your beneficiaries will receive a smaller death benefit.
   

Universal life gives you the flexibility, after payment of your first premium, to pay premiums at any time in any amount, subject to certain minimums and maximums. You can also reduce or increase the death benefit more easily than with a whole life policy.

Variable Universal Life (VUL)

OneAmerica Securities, Inc., is a full-service broker/dealer and registered investment advisor. They are dedicated to providing the affiliated registered representatives of the OneAmerica Financial Partners, Inc., family with the tools to help fulfill their clients' needs for products, services and advice.

To learn more about OneAmerica Securities, Inc., please follow this link or you can click our investment links to learn more about how we work with these investment tools to create a strong financial plan for you.