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May 26, 2005
Ohio National Adds Low Guaranteed Premium Whole Life Insurance Product to Portfolio

Cincinnati -- Ohio National is strengthening its already competitive whole life insurance lineup with the addition of its new, low, level-premium whole life insurance product, Prestige Value.

Prestige Value offers a low, level premium in addition to strong guaranteed cash values. This whole life insurance product adapts well to the needs of both personal and business clients.

Targeted toward clients who are seeking affordable permanent life insurance protection, key features of Prestige Value include:

  • Low, level-premium structure: Up to a 40 percent decrease from Ohio National’s previous lowest premium, whole life insurance product.
  • Premium, death benefit and cash value guarantees: Clients have peace of mind that their premium, death benefit and cash value amounts for the policy are guaranteed, despite the unpredictability of financial markets
  • Strong dividend history: Although dividends are not guaranteed, Ohio National has a very strong history of paying dividends on participating whole life insurance policies.
  • Optional riders: Optional features and benefits can be added to Prestige Value to customize protection including: Waiver of Premium for Total Disability Rider and Additional Term Life Insurance Rider on both primary and additional insureds.
  • Tax-free death benefits: Under current tax law, death benefits of an insurance policy are generally income-tax free to the beneficiary.

“Whole life insurance – and Prestige Value – is for the consumer interested in guarantees at a low price,” says D. Gates Smith, CLU, ChFC, Executive Vice President, Agency and Group Distribution. “This policy says, ‘We promise to pay.’ In a world where there is so much uncertainty, this has a lot of appeal. The consumer pays an agreed-upon premium, and we ‘promise to pay.’ Promises of other life insurance products may depend on interest rates, cost of insurance or market volatility, so the guarantees of whole life insurance are very attractive.”

Prestige Value is the latest of several additions and enhancements to Ohio National’s strong-selling life insurance product line. Over the past 10 years, life insurance sales for the company have more than tripled, reaching $80 million of first-year premiums in 2004. Ohio National’s variety of competitive life insurance and annuity products are marketed through independent agents, security brokerage firms, banks and major wire houses.

Tracing its corporate origins to 1909, Ohio National today markets a variety of insurance and financial products through more than 30,000 representatives in 47 states (all except Alaska, Hawaii and New York), the District of Columbia, Puerto Rico and through subsidiary operations in Santiago, Chile. As of December 31, 2004, its affiliated companies had $19 billion of total assets under management. Voted one of the  "25 Best Medium-Sized Companies to Work for in America" (June 2004) by the Great Place to Work Institute, Ohio National has more than 750 corporate headquarters associates. Visit www.ohionational.com  for more information.

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513.794.6254 (office) or 513.508.9436 (mobile)


 
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©2014 Ohio National Financial Services, Inc.
Product Issuers: The Ohio National Life Insurance Company
and Ohio National Life Assurance Corporation
Registered Products Distributed by: Ohio National Equities, Inc.
Member FINRA
One Financial Way | Cincinnati, Ohio 45242
513.794.6100