SELECT POINT PLUS BONUS PROGRAM
Sales Disclosure for a Flexible Premium Deferred Variable Annuity Policy FPIVA99
and Bonus Program or applicable state variation offered by American United Life
Insurance Company(R), PO Box 368, Indianapolis, IN 46206
Flexible Premium Deferred Variable Annuity
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Explanation of Program
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Select Point Plus permits you to receive a 4% bonus on all qualifying premium
amounts deposited into an AUL Flexible Premium Select Point I, II or III
contract. A minimum initial deposit of $10,000 is required to have the 4% bonus
applied upon the end of the right to examine period. (10 days in most states,
but longer if required by state law). A 4% bonus will be applied at the end of
the first contract year for subsequent deposits received with an effective date
during the first contract year.
Should I return the contract during the Right to Examine period, I understand
that AUL will refund the account value. The account value will not include the
bonus. (AUL will refund the premium paid in those states where required by law.
A refund of premiums will not include the bonus.)
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Summary of Policy Features
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>> Mortality and Expense Risk and Rider Charges
Yrs. 1-10 Yrs. 11+
Select Point I 1.00% .90%
Select Point II 1.15% 1.05%
Select Point III 1.15% 1.05%
Enhanced DB Rider Charge .15% .15%
Total Select Point III Charge 1.30% 1.20%
>> Annual Contract Fee -- Lesser of 2% or $30 per policy year; waived for all
accounts with an account value in excess of $50,000.
>> Select Point I offers a standard death benefit
>> Select Point II offers 12% free annual withdrawal of account value, Critical
Care Waiver of Withdrawal Charges, Standard Death Benefit
>> Select Point III offers 12% free annual withdrawal of account value, Critical
Care Waiver of Withdrawal Charges, Enhanced Death Benefit
>> Withdrawals in excess of 12% (for Select Point II, III contracts) of the
account value in a given policy year are subject to the following schedule of
withdrawal charges. All withdrawals from Select Point I are subject to the
following schedule.
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
---------------------------- ------- -------- -------- ------- -------- -------- ------- -------- -------- ------- --------
Policy Year 1 2 3 4 5 6 7 8 9 10 11+
---------------------------- ------- -------- -------- ------- -------- -------- ------- -------- -------- ------- --------
Withdrawal Charge % 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0%
---------------------------- ------- -------- -------- ------- -------- -------- ------- -------- -------- ------- --------
</TABLE>
>> Dollar Cost Averaging - Allows you deposit premiums in AUL's Money Market
Investment Account and then transfer a specified dollar amount on a regular
basis into one or more Other Investment Accounts.
>> Portfolio Rebalancing - Automatically adjusts your Investment Account
balances to be consistent with the allocation most recently requested.
SelectPoint Policy Descriptions
>> Standard Death Benefit: Pays the greater of the account value or premiums
paid, adjusted for withdrawals upon the death of the annuitant. The bonus paid
under this program would not be deducted from the death benefit payable.
>> Enhanced Death Benefit: Pays the greater of premiums paid or the highest
account value on any contract anniversary prior to age 86, less prior
withdrawals. The bonus paid under this program would not be deducted from the
death benefit payable.
>> Critical Care Waiver of Withdrawal Charges: All withdrawal charges will be
waived if the policyholder requires long-term care, is confined to a hospital or
has a terminal illness.
The policy features and descriptions are intended to be a summary. Please refer
to the prospectus for details regarding the SelectPoint plans. For a current
SelectPoint variable annuity prospectus containing more complete information
including charges and expenses call AUL at (800) 863-9354. Please read the
prospectus carefully before you invest or send money.
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Applicant's Statement
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I, the undersigned Applicant, acknowledge that I have read and understand the
above summary and prospectus provided and believe the SelectPoint Plus variable
annuity is a suitable product for my financial needs.
<TABLE>
<S> <C> <C> <C>
_____________________________________ ________________________________________
Applicant's Signature Date Joint Owner's Signature Date
_____________________________________ ________________________________________
Agent's Signature Date Agent Name (PLEASE PRINT) Date
________________ ________________
Agent Code Agency Code
</TABLE>
This form must accompany the SelectPoint variable annuity application or a bonus
will not be applied to the SelectPoint contract.
