American United Life Insurance Company has started offering a stable value investment option in retirement plans that the company services.
Called the AUL Stable Value Account, the option is being made available to participants in retirement plans serviced by AUL through a separate account under an AUL group variable annuity.
According to the Indianapolis company, contributions under a retirement plan purchase units of the AUL separate account, which in turn purchases shares of the underlying AUL Stable Value Account. Contributions are not directly invested into the AUL Stable Value Account, the company says.
Guaranteed interest in the stable value account is earned and backed by AUL’s general account assets and subject to the claims-paying ability of AUL, the company says. Participants can transfer money into and out of the account without restrictions, it says.
AUL is a member company of OneAmerica Financial Partners, Inc., Indianapolis.