The Individual Division at American United Life Insurance Company (AUL), a OneAmerica company, Indianapolis, has launched a new product called the Enhanced Blended Insurance Rider to assist in building assets during challenging times.
The Enhanced Blended Insurance Rider allows both rider premiums and dividends to purchase one-year term insurance and paid-up additions equal to a specified amount of coverage for policyholders who qualify.
The minimum specified amount of Enhanced Blended Insurance Rider coverage is $25,000, and the maximum is three times the base policy face amount. The policyholder also has the option of adding the Waiver of Premium – Disability rider, which will waive premiums if the primary insured becomes disabled.