National - Life Insurance
National is committed to building long-term relationships
with Ohio National customers and to providing them with financial
solutions as their needs change over time."Life changes.
We'll be there. ®"
National Financial Services, through its affiliated insurance
companies (The Ohio National Life Insurance Company and Ohio
National Life Assurance Corporation), markets a variety of
insurance and financial products in 47 states (all except
Alaska, Hawaii and New York), the District of Columbia and
Puerto Rico, including:
disability income insurance
and retirement products and services
National Financial Services is the marketplace name for the
affiliated companies of The Ohio National Life Insurance Company,
headquartered in Cincinnati, Ohio. Originally founded as a
stock company in 1909, Ohio National converted to mutual company
status in 1959. In 1998, Ohio National reorganized as a mutual
insurance holding company. The mutual insurance holding company
is Ohio National Mutual Holdings, Inc.; the intermediate holding
company is Ohio National Financial Services, Inc.
Ohio National Life Insurance Company (ONLIC), a wholly
owned stock subsidiary
National Life Assurance Corporation (ONLAC), a wholly
owned stock subsidiary of ONLIC
National Equities, Inc., a wholesale broker-dealer
O.N. Equity Sales Company, a retail broker-dealer
National Investments, Inc., investment adviser to Ohio
National Fund, Inc., and ONE Fund, Inc.
billion of total assets under management (as of 12/31/00)
billion in total statutory revenue (including premiums,
investment income and deposits)(as of 12/31/00)
(Superior)": A.M. Best Company (based on financial
strength and operating performance)
Fitch (for claims-paying ability)
Standard & Poor's (for financial strength)
Ohio National - Four Types of Life Insurance
insurance provides a monetary benefit for beneficiaries in
the event of the insured person's death. While this is the
primary purpose of life insurance, it offers other valuable
advantages, including the tax-free internal buildup of cash
National issues four types of life insurance: term life insurance,
which, in most states, is protected from the claims of creditors;
participating whole life insurance (also known as permanent
life insurance); universal life insurance; and variable universal
life insurance. Term life insurance provides a death benefit
if the insured dies during the policy period. Whole life,
universal life and variable universal life insurance feature
both a death benefit and cash value, which is usually available
through loans against the policy.
Ohio National - Term Life Insurance
can you protect your family and/or business in the event that
something happens to you? It comes down to three little words
-- term life insurance. Term life insurance is usually the
most cost-effective option for getting the most life insurance
protection for your money. It provides life insurance protection
for a fixed period of time, usually 10, 15 or 20 years. Term
life insurance pays a death benefit if you die during the
term of your policy; however, unlike other types of life insurance,
the policy does not build any cash value.
Would You Need Term Life Insurance?
these 10 possible uses for your term life insurance death
your family's immediate financial concerns at a lower
and maintain your family's standard of living.
a valuable emergency fund for unforeseen expenses when
your family needs it most.
any short-term debt, such as credit cards, that has accumulated
over time to give your family a "clean financial
that your family can pay the monthly mortgage.
your children's education.
off any outstanding personal and business loans.
a buy-sell agreement for a start-up business to provide
for an orderly change of business ownership.
current permanent life insurance coverage until more can
high death benefits at a lower cost, providing the flexibility
to convert to permanent coverage over time.
National know you're looking for a reliable company offering
the most affordable term insurance policy available to protect
you and your family. When you choose one of Ohio National's
term insurance products, you're getting high-quality life
insurance at a very low price. You'll find that Ohio National
FlexTerm Series of insurance products are among the most competitive
you choose Ohio National's FlexTerm insurance, you're assured
level premiums for 10, 15 or 20 years depending on
which policy you choose. Your low FlexTerm premiums are
guaranteed to remain the same during the first 10, 15
or 20 years of your policy depending on which policy you
premium rates. FlexTerm is an affordable way to obtain
term insurance to protect you, your family or business.
Ohio National know you'll find that FlexTerm offers the
insurance you need for a very competitive price.
death benefit. Your FlexTerm death benefit remains
the same during the term of your policy regardless of
your health or age (up to age 99), as long as you pay
the required premiums when due.
rating classifications. FlexTerm offers four rating
classes for non-smokers. In fact, 20 percent of healthy,
non-rated, non-smoker applicants should qualify for and
benefit from Ohio National's best rating class - Super
Preferred Non-smoker - featuring Ohio National's lowest
rates available. Ohio National have two classifications
with competitive rates for smokers, too.
privilege. With FlexTerm, it's easy to convert to
a permanent life insurance policy*. If, during the initial
level premium period (not past age 70) you want to convert
your policy to a permanent life plan, you may do so. No
medical exams or agent visits are required to make the
switch. Simply fill out a brief request form and pay the
premium for the new policy.
with current and guaranteed renewal rates for those who
may not qualify. After the initial level premium period
of 10, 15 or 20 years expires, you may apply to requalify
for a new level, competitive premium for any period available
at that time, subject to insurability. For those who cannot
requalify, the policy offers yearly renewal rates to age
term policy to age 99. As long as you pay your premiums
when due, your FlexTerm term policy stays with you, regardless
of your health or age (up to age 99). No additional medical
exam will be required. Premiums increase annually after
10, 15 or 20 years at rates on a current basis.
Ohio National - Whole Life Insurance
you're concerned about getting the most permanent protection
for the lowest possible premium, early- or long-term cash
value, or cash flow at retirement, Ohio National have got
a participating whole life insurance policy* to protect your
family or your business.
National protection products emphasize the death benefit at
the lowest possible premium.
Protector Whole Life (LPWL) -- provides the lowest
level premium in their whole life portfolio. When price
is the overriding issue, this policy is the best choice.
Protector Excel (XPXL) -- has a slightly higher premium
than the LPWL, but is slightly lower in net cost. This
product is most effective if you're focused on net cost,
but want to avoid the higher premiums of cash value products.
National cash value products offer enhanced cash value for
a premium only moderately higher than the protection products.
Protector Whole Life (VPWL) -- provides the lowest
net cost in Ohio National's whole life portfolio. If net
cost (assets in minus assets out) is the key issue, this
product is for you.
Equity Builder (XEB) -- provides a significantly higher
guaranteed cash value in year two than any other product
in our whole life portfolio. If early cash value is a
concern to you, this is your product of choice.
National cash flow products are designed to maximize cash
value accumulation at an affordable and competitive premium.
Value Plan (EVP) -- offers the strongest current cash
value to death benefit ratio. It's intended to generate
a significant amount of cash value beginning at age 65.
Protector Life (SPL) -- provides high cash value in
later years due to its combination of a strong dividend
stream** and preferred loan rider. This product is especially
targeted for people with special health considerations.
Ohio National Universal Life Insurance
universal life insurance, you get a set amount of coverage
with tax-free cash value accumulation based on interest rates.
You can increase or decrease your coverage or premium payments
as your needs and situations change. You also control the
cash value accumulation through the amount and timing of your
affordable policy offering lifetime protection will satisfy
a variety of financial security needs.
LP - An emphasis on sound pricing and long-term performance
makes Ohio National's Virtus LP very effective in a variety
of financial security needs. When price is key, this product
is the best choice.
Ohio National Variable Universal Life Insurance
primary difference between universal life and variable universal
life insurance is that variable universal life insurance offers
you the opportunity to invest the policy's cash value among
a variety of investment portfolios whose performance will
vary. These portfolios may be invested in stocks, bonds or
money market instruments, or a combination. Therefore, the
cash value earns a rate of return that fluctuates with market
activity and is not guaranteed.
Would You Need Variable Universal Life Insurance?
universal life insurance unites all the features that you
want in a life insurance policy:
broad choice of investment portfolios.
ability to make policy loans.
to transfer between investment portfolios without incurring
a taxable gain.
benefit which bypasses probate.
National's best performing VUL product, Vari-Vest Asset Builder
choices - how much insurance
protection you receive
choices - how you access your
choices - how you incorporate optional benefits
choices - where you invest your
choices - how you invest your
Vari-Vest Asset Builder, you have access to top-name investment
managers, such as RS Investment Management, Janus, Goldman
Sachs, Founders, and Strong, which cover a variety of asset
categories and subaccounts. Ohio National believe their lineup
gives you some of the finest choices of managers and funds
in the industry.