Solid agent productivity and recruiting drive AUL sales growth to outpace industry
Record number of career agents in place at AUL in 2010; distribution network up 31 percent
Contact:
Jim Gavin, Media Relations Manager
(317) 285-4168 or jim.gavin@oneamerica.com
For Immediate Release:
Indianapolis (May 17, 2011) – American United Life Insurance Company® (AUL), a OneAmerica company, announced today total 2010 sales for its Individual Division rose 27 percent over 2009, the previous record year. Robust nationwide recruiting of career agents over the past two years, including a 31 percent increase in 2010, drives the growth of the company.
“Agents are coming to AUL because they like our financial strength, stable ratings, competitive product line up and commitment to practice development,” said Mark Wilkerson, senior vice president of AUL’s Individual Division. “They know that AUL is where they can get the support they need to be successful in building a business and helping clients prepare for their financial futures. This support is the result of our ongoing dedication to training, education and development when many other companies are wavering in their commitment in these areas.”
Over the past two years combined, AUL has doubled its number of general agents. In 2010, these new practices contributed to a 55 percent increase in sales of individual life insurance products, more than five times the industry growth rate.* AUL continues to maintain stable financial strength ratings including last week’s upgrade by A.M. Best Co. to A+ (Superior), this in an environment where other companies in the industry have experienced downgrades over the past two years.
“Our commitment to financial strength and providing long-term value helps our agents deliver on the promises they make to their clients,” said Dayton Molendorp, chairman, president and CEO of OneAmerica. “Professionals throughout the industry are discovering our value proposition and they want to be a part of it.”
* (Source: LIMRA individual life insurance sales in the U.S. 2010 participant report, March 2011)
About AUL
American United Life Insurance Company® (AUL) is the founding member of OneAmerica® and is focused on providing a strong portfolio of products for individuals, families and small businesses. AUL uses a national network of experienced professionals utilizing an extensive menu of financial products, including life insurance, annuities and employee benefit plan products. The company helps consumers prepare for tomorrow by helping to protect their financial futures.
About OneAmerica
OneAmerica Financial Partners, Inc. is headquartered in Indianapolis, IN. The companies of OneAmerica® can trace their solid foundations back more than 130 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 plan products and services; individual life insurance, annuities, long-term care solutions and employee benefit plan products. 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 that are committed to increasing value to our policyholders by helping them prepare to meet their financial goals.
We deliver on our promises when customers need us most.
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