American United Life Insurance Co., a OneAmerica company, has announced the release of a new term life insurance product. Called American Protector Plus, the policy is the first of four products OneAmerica companies will be updating and improving in 2008.

The new product has added a second smoking class, preferred, and has reduced rates at most ages. The company also has added a 30-year term, which complements the existing 10-, 15- and 20-year terms. It offers the ability to convert to a permanent policy at the end of the term, without providing proof of insurability.