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Pioneer Life Review

Pioneer Life Ratings and Company Information

Company Rating:
Best Insurance Reports: 06933
Best Rating: A

Type of Insurance Company: Life Insurance

Name of Parent Company:
OneAmerica Group

Company Overview:
Company History: American United Mutual Insurance Holding company is the ultimate parent company of, Indiana based, OneAmerica Financial Partners, Inc and its subsidiary Pioneer Mutual Life Insurance Company, based in Fargo, North Dakota. The mutual holding company structure was created in 2000 and Pioneer was merged into the mutual holding company in 2002. OneAmerica has three principal business units: Retirement Services (60% of premium income), Individual Operations (25%) and Group Operations (15%). Pioneer's primary product is universal life which it sells through 450 Personal Producing General Agents. Other subsidiaries sell variable universal life and tax deferred retirement plans through sales offices, brokers, registered representatives and general agencies. Group products are sold throgh agents, brokers, regional representatives and worksite sales.

Principle Sales Methods: The business units are: Retirement Services (60% of premium income), Individual Operations (25%) and Group Operations (15%). Pioneer's primary product is universal life which it sells through 450 Personal Producing General Agents. Other subsidiaries sell variable universal life and tax deferred retirement plans through sales offices, brokers, registered representatives and general agencies. Group products are sold through agents, brokers, regional representatives and worksite sales.

Life Annuity Business: Pioneer's primary product is universal life. Universal life accounts for one-half of first year direct life premium for the Individual Operations business. California (20%) of direct premium, Minnesota (12%) and North Dakota (10%) are the major states for Pioneer.

Company Financial Status:
Assets & Premiums: American United Mutual Insurance Holding company, the ultimate parent company of OneAmerica Financial Partners, Inc and its subsidiary Pioneer Mutual Life Insurance Company had revenues of $1.1 billion in 2006 and total assets of $18.5 billion at year end 2006.

Lines of Insurance:
Life

States licensed to sell insurance in:
AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NM, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV, WI, WY

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