- AUL Named Preferred Carrier for Group Life and Disability Business -

Lafayette, Ind. – Oct. 8, 2008 – The Lafayette Life Insurance Company announced today its decision to discontinue offering group life and disability insurance in order to sharpen its focus on its core lines of business. Lafayette Life has arranged with American United Life Insurance Company® (AUL), a OneAmerica® company, with headquarters in Indianapolis, Indiana, to be the preferred carrier for most of its existing group insurance policyholders.

“This step allows us to apply all our resources and efforts to growing our very successful core lines of business – individual life insurance and annuities, group annuities, and retirement services,” said Lafayette Life Chief Executive Officer, Jerry B. Stillwell. “The group life and disability insurance business, where we have a very small presence, is extremely competitive and outside our major areas of concentration. AUL’s long history of excellence in the group insurance business and its high industry ratings make it an ideal provider for these customers. Our arrangements with AUL will allow for a smooth transition of coverage for nearly all of Lafayette Life’s group insurance policyholders, to another strong Indiana insurance company.”

Approximately 30 Lafayette Life associates working in its Group Division in Lafayette and other states will be affected starting in December 2008. “While this decision is definitely the right decision for our company, any decision that impacts even one associate is a difficult one to make,” said Lafayette Life Senior Vice President and Chief Operating Officer, William F. Olds. “We greatly value the contribution these associates have made to the Company. We consider everyone here a member of the family. We will continue our efforts to minimize the number of colleagues who have to leave us and do our best to provide the rest with help in finding new employment in Lafayette, Indianapolis, or other locations.”

“We are coordinating internally to offer these colleagues positions in other areas of our company. In addition, we have arranged for AUL to give these associates an opportunity to explore positions at its headquarters in Indianapolis. We have also retained a Lafayette employment recruiter to assist our associates in placement with other employers in the community. And our parent company, Western & Southern Financial Group®, stands ready to assist with employment as well,” Lafayette Life’s Vice President of Human Resources, Kim Meyer added.

Lafayette Life will be working closely with its brokers, policyholders and AUL to offer policyholders an opportunity to apply for group insurance coverage with AUL and transition the group insurance policies to AUL by year-end. “The opportunity to serve these policyholders underscores our commitment to growing our group life and disability insurance business and delivering best-in-class products and services to our clients,” said Len Cavallaro, Vice President – Employee Benefits Division of AUL.

“Lafayette Life’s group insurance policyholders will enhance AUL’s strong presence in the employee benefits market where AUL offers an excellent portfolio of group insurance products and services available to individuals through a national network of experienced professionals,” said Len Cavallaro of AUL.

About The Lafayette Life Insurance Company
The Lafayette Life Insurance Company provides life insurance and annuity products to individuals and small businesses through multiple distribution channels. The individual product portfolio includes whole life, senior age whole life, term life, universal life, immediate annuities, and indexed universal life and annuities. Lafayette Life serves small to medium-sized businesses by offering qualified plan products and administrative services. Lafayette Life is a 103 year-old company and is licensed in 48 states and the District of Columbia. Lafayette Life, a member of Western & Southern Financial Group, is rated A++ Superior by A.M. Best for financial strength (highest of 16 ratings; held since June 2006), AA+ Very Strong by Standard & Poor’s (second highest of 21 ratings; held since August 2005), AA+ Very Strong by Fitch (second highest of 21 ratings; held since June 2005), and has a Comdex Ranking of 98 out of 100.

About Western & Southern Financial Group
Western & Southern Financial Group® (Western & Southern) is a Cincinnati-based diversified family of financial services companies with assets owned, managed and under our care in excess of $47 billion. A Fortune 500 company, Western & Southern has received A.M. Best’s highest rating of A++ Superior for financial strength, Standard & Poor’s AA+ rating (one of the 10 highest rated life insurance groups in the world) and is consistently recognized by Moody’s and Fitch for financial strength and sound management. With a heritage dating to 1888, the group’s affiliates include The Western and Southern Life Insurance Company, Western-Southern Life Assurance Company, Capital Analysts Incorporated,1, 2 Columbus Life Insurance Company, Eagle Realty Group, LLC, Fort Washington Investment Advisors, Inc.,1 Fort Washington Savings Company,3 IFS Financial Services, Inc., Integrity Life Insurance Company, The Lafayette Life Insurance Company, National Integrity Life Insurance Company, Todd Investment Advisors, Inc.,1 Touchstone Advisors, Inc.,1 and Touchstone Securities, Inc.2 For more information, visit www.westernsouthern.com. Western & Southern is the title sponsor of the Western & Southern Financial Group Masters and Women’s Open tennis tournaments.

1 A registered investment advisor.
2 A registered broker-dealer and member FINRA/SIPC.
3 Member FDIC.
Ratings refer to the financial strength of the insurance company and not to the safety, stability or performance of any investment product.

About AUL
American United Life Insurance Company® (AUL), a OneAmerica® company, is focused on providing a strong portfolio of products for individuals, families and small businesses. AUL utilizes a national network of experienced professionals specializing in an extensive menu of financial products, including life insurance, annuities and employee benefits. The company helps consumers plan for tomorrow by creating, leveraging and protecting their financial futures.

About AUL Employee Benefits
American United Life Insurance Company® (AUL) is the founding member of OneAmerica® and offers a strong portfolio of products for employee benefit plans, including group life, disability and medical stop loss insurance, as well as access to dental and vision insurance, and employee assistance programs through other providers. AUL provides value beyond today through financial strength, mutual holding company values, innovative voluntary group insurance products and tools, and quality service from local representatives, service professionals and claims specialists.

About OneAmerica
OneAmerica Financial Partners, Inc., is headquartered in Indianapolis, IN. The companies of OneAmerica® can trace their solid foundations back more than 130 years in the insurance and financial services marketplace.

OneAmerica’s nationwide network of companies offers a variety of products to serve the financial needs of their policyholders and other clients. These products include retirement plans, products and services; individual life insurance, annuities, long-term care solutions and employee benefits. The goal of OneAmerica is to blend the strengths of each company to achieve greater collective results.

The products of the OneAmerica companies are distributed through a network of employees, agents, brokers and other distribution sources that are committed to maximizing value to our policyholders by helping them plan to meet their financial goals.

We deliver on our promises when customers need us most.

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