OneAmerica announces the launch of American United Life Insurance Company® (AUL)’s Secure Income Stream Annuity, a flexible deferred income annuity designed to provide consumers with a guaranteed lifetime income. The Secure Income Stream Annuity can be a flexible and valuable addition to a personal retirement portfolio.
Guaranteed income from Secure Income Stream is possible because payments into the contract are reserved to address long-term income goals. Building future income starts with an initial payment of $5,000, with an option to make additional payments of at least $1,000 until 60 days prior to the income start date. Distributions are limited to income payments, which can start as early as 13 months after the contract date, or may be distributed to loved ones at the annuitant’s death.
This new annuity also offers the ability to customize a guaranteed income strategy. Consumers can select from a variety of income options and choose how often income payments are disbursed (monthly, quarterly or annually) among other features.
For more information about OneAmerica, visit their NAPA Partner Corner page here.
