A premium whole life insurance policy that combines guaranteed protection with high growth

Low cost products are available from Ohio National

Indexed whole life insurance offers the stability and guarantees of a regular life – but with a greater benefit

Great news for buyers looking for protection and asset growth through market-based returns and equity protection

CINCINNATI, Sept. 06, 2022 (GLOBE NEWSWIRE) — In the life insurance industry, something new comes along only once in a while. Game changers are rare, and this is one of them. Ohio National Financial Services, Inc. proudly announcing the first and only life insurance policy to allow for whole life insurance, offering what no other life policy can: guaranteed protection, stability and index-based growth.

Whole life written from Ohio National offers a lifetime death benefit and income guarantee, as well as fixed premiums regardless of changes in health. These things have helped generations of people with laws in all aspects of the industry. With the new indexed life, customers can get the same guarantees – plus the opportunity to grow the value of the money in line with stock market indexes like the S&P 500® and the Russell 2000®. Dividends instead of indexed options offer greater growth opportunities, but because the funds are not directly invested in the market, there is no risk of loss due to the market.

Cash value can be acquired during the life of the policy, often on a tax-advantaged basis, for almost any purpose, from increasing retirement savings to starting a business.

“Our new lifetime product is very important to Ohio National and the financial professionals who sell our products,” said Karl Kreunen, vice president of product marketing. “We are pleased to provide them with a unique tool to help their clients achieve their financial goals.”

“This is something financial professionals can’t find anywhere else,” added Pat McEvoy, senior vice president of life distribution and marketing. “We’re eager to help them build customer relationships and build their businesses and add life to their programs.”

Ohio National’s debut indexed whole life product, Prestige Indexed 10 Pay, has 10 years of fixed payments and is currently available through independent financial professionals in all states except CA and NY. More business information about financial professionals is available at iwl4life.com.

Indexed whole life insurance is offered by the Ohio National Life Assurance Corporation. Guarantees depend on the skill of the provider. Policies, policy features and passenger availability vary from country to country. The provider is not licensed to do business in NY. Indexed whole life insurance is not available in CA.

An indexed whole life plan offers a number of interest-related options. Interest is calculated based on the market movement, according to the caps used, the spread and the number of participation. The cost of the policy may still be lower due to the deduction of insurance costs and fees.

Cash value can be obtained on a tax-advantaged basis through legal credits and deductions. If policy loans are taken and the policy is terminated, taxable events may occur. Withdrawals (partial contributions) and loans from life insurance policies that are converted to modified policies may be taxable at the time of the withdrawal or loan and, if taken before age 59½, a 10% federal interest rate may apply. Withdrawals and loans reduce both the death benefit and the cost of the annuity.

The S&P 500® Index is developed by S&P Dow Jones Indices LLC (“SPDJI”), and is licensed for use by Ohio National Life Assurance Corporation. Standard & Poor’s® , S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these marks are licensed for use by SPDJI and licensed for certain purposes by the Ohio National Life Assurance Corporation.

Ohio National Life Assurance Corporation’s Prestige written whole life insurance is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their affiliates, and none of such parties make any representation regarding any investment in such products. nor is it responsible for any errors, omissions, or distortions in the S&P 500® Index.

The Russell 2000® Index is an equity index that measures the performance of the 2,000 small companies in the Russell 3000® Index, made up of 3,000 of the largest US stocks. The Russell 2000® is built to provide a comprehensive and unbiased barometer and is updated annually to ensure that large stocks do not affect the performance and performance of the smaller true index.

Russell 2000® is a trademark of Russell Investments and is licensed for use by Ohio National Life Assurance Corporation. The product is not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding investing in the product.

About the Ohio National

Since 1909, Ohio National has been committed to helping individuals, families and businesses protect what matters most. Through our network of financial professionals in 49 states (all but New York), the District of Columbia and Puerto Rico and through affiliated businesses in South America, we provide insurance that helps policyholders achieve financial security and independence. As of December 31, 2021, its affiliated companies have total assets under management of $40.8 billion. Products are provided by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation. Recognized as a Leader in Workplace Equity by Ellequate. Please visit ohionational.com for more information and the latest industry updates, contact Ohio National at LinkedIn, Facebook and YouTube.

Contact: John Diether
513.794.6073
john_diether@ohionational.com