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 Cheapest Life Insurance USA

Ohio National - Life Insurance

About Ohio National

Ohio 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. ®"

Comprehensive Product Portfolio

Ohio 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:

  • Individual life insurance
  • Individual disability income insurance
  • Individual annuities
  • Pension and retirement products and services
  • Broker-dealer services
  • Company Background

Ohio 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.

Principal Subsidiaries

  • The Ohio National Life Insurance Company (ONLIC), a wholly owned stock subsidiary
  • Ohio National Life Assurance Corporation (ONLAC), a wholly owned stock subsidiary of ONLIC
  • Ohio National Equities, Inc., a wholesale broker-dealer
  • The O.N. Equity Sales Company, a retail broker-dealer
  • Ohio National Investments, Inc., investment adviser to Ohio National Fund, Inc., and ONE Fund, Inc.

Financial Highlights

  • $9.3 billion of total assets under management (as of 12/31/00)
  • $1.8 billion in total statutory revenue (including premiums, investment income and deposits)(as of 12/31/00)


  • "A+ (Superior)": A.M. Best Company (based on financial strength and operating performance)
  • "AA": Fitch (for claims-paying ability)
  • "AA": Standard & Poor's (for financial strength)
  • "A1": Moody's

Ohio National - Four Types of Life Insurance

Life 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 value.

Ohio 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

How 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.

Why Would You Need Term Life Insurance?

Consider these 10 possible uses for your term life insurance death benefit:

  • Cover your family's immediate financial concerns at a lower out-of-pocket expense.
  • Protect and maintain your family's standard of living.
  • Create a valuable emergency fund for unforeseen expenses when your family needs it most.
  • Clear any short-term debt, such as credit cards, that has accumulated over time to give your family a "clean financial slate."
  • Ensure that your family can pay the monthly mortgage.
  • Safeguard your children's education.
  • Pay off any outstanding personal and business loans.
  • Fund a buy-sell agreement for a start-up business to provide for an orderly change of business ownership.
  • Supplement current permanent life insurance coverage until more can be purchased.
  • Ensure high death benefits at a lower cost, providing the flexibility to convert to permanent coverage over time.

Ohio 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 available.

When you choose Ohio National's FlexTerm insurance, you're assured of:

  • Guaranteed 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 choose.
  • Competitive 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.
  • Guaranteed 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.
  • Six 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.
  • Conversion 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.
  • Re-entry 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 99.
  • Renewable 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

Whether 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.

Protection Products

Ohio National protection products emphasize the death benefit at the lowest possible premium.

  • Lifetime 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.
  • Executive 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.

Cash Value Products

Ohio National cash value products offer enhanced cash value for a premium only moderately higher than the protection products.

  • Value 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.
  • Executive 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.

Cash Flow Products

Ohio National cash flow products are designed to maximize cash value accumulation at an affordable and competitive premium.

  • Executive 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.
  • Security 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

With 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 premium payments.

An affordable policy offering lifetime protection will satisfy a variety of financial security needs.

Virtus 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

The 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.

Why Would You Need Variable Universal Life Insurance?

Variable universal life insurance unites all the features that you want in a life insurance policy:

  • flexible premiums.
  • adjustable death benefit.
  • tax-free cash accumulation.
  • a broad choice of investment portfolios.
  • the ability to make policy loans.
  • ability to transfer between investment portfolios without incurring a taxable gain.
  • death benefit which bypasses probate.

Ohio National's best performing VUL product, Vari-Vest Asset Builder offers:

  • Protection choices - how much insurance protection you receive
  • Liquidity choices - how you access your money
  • Benefit choices - how you incorporate optional benefits
  • Investment choices - where you invest your cash values
  • Management choices - how you invest your cash values

With 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.



One Financial Way,
OH 45242

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