Is One America a Good Insurance Company?
Over 100 Carriers to Quote From. Here are a few of them!
Is One America a good insurance company? At Diversified Insurance Brokers, we work with over 100 top-rated carriers to help retirees and pre-retirees protect their assets, secure guaranteed income, and prepare for long-term care needs. OneAmerica, also known as American United Life Insurance Company, is widely recognized for its financial strength and innovative long-term care (LTC) solutions. They are a leader in hybrid life insurance and annuity products that include LTC benefits, helping clients protect both income and legacy while covering future care expenses.
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About OneAmerica
Founded in 1877, OneAmerica has built a legacy of stability and client-focused innovation. They specialize in hybrid products that blend life insurance or annuities with LTC coverage, providing tax-efficient ways to fund future care without sacrificing flexibility. This approach ensures that if LTC is never needed, the policy’s death benefit or annuity value can still go to beneficiaries.
Popular OneAmerica Products
- Asset Care: A hybrid life insurance policy that provides LTC benefits for individuals or couples, with lifetime benefit options.
- Annuity Care: A fixed annuity designed to fund LTC needs, with tax advantages for qualified withdrawals.
- Indexed Annuity Care: Combines indexed growth potential with LTC coverage for added flexibility.
Who OneAmerica Is a Good Fit For
- Retirees concerned about covering long-term care expenses.
- Couples wanting shared LTC benefits under one policy.
- Individuals seeking to leverage existing assets for tax-free LTC benefits.
- Those who want lifetime LTC coverage without premium increases.
Pros of OneAmerica
- Lifetime long-term care coverage options available.
- Hybrid designs ensure benefits are never “use it or lose it.”
- Strong financial ratings and long-standing reputation.
- Available for both single and joint coverage.
Considerations
- Premiums for lifetime benefit options can be higher than short-term plans.
- Primarily focused on LTC—fewer traditional life-only or annuity-only products.
Our Take
OneAmerica stands out as one of the most respected names in the long-term care insurance market. Their hybrid approach gives retirees flexibility, value, and peace of mind—ensuring that your assets are protected whether or not LTC is ever needed. At Diversified Insurance Brokers, we consider OneAmerica an excellent choice for those seeking dependable, tax-efficient ways to address one of retirement’s biggest risks.
FAQs: Is OneAmerica a Good Insurance Company?
What financial strength ratings does OneAmerica have?
OneAmerica Financial companies hold an A+ (Superior) rating from A.M. Best and a AA- insurer financial strength rating from S&P Global for their life insurance operations, both with stable outlooks. These are strong ratings, signifying excellent ability to meet policy and claims obligations.
How long has OneAmerica been in business?
OneAmerica has been operating for over 145 years. Its component companies, such as American United Life (AUL), have maintained strong ratings for decades, reflecting long-term stability.
What kind of products does OneAmerica offer?
OneAmerica offers a wide range of financial and insurance products, including life insurance, annuities, hybrid long-term care products, retirement plans, employee benefits, and life/long-term care combo policies.
What are some strengths of OneAmerica?
Strengths include excellent financial ratings (A+ / AA-), a mutual, customer-focused structure, consistent growth, significant benefit payments to policyholders, and a long track record of stability.
Are there any complaints or drawbacks to be aware of?
Some customers report delays or difficulties with claims and distribution payments (such as retirement plan withdrawals), as well as occasional service or communication issues. Product availability and features can vary by state.
Disclaimer: Ratings and customer experience can vary by state and over time. This information is educational—not legal, tax, or insurance advice.
