In the realm of financial security, Ohio National Life Insurance emerges as a beacon of stability and innovation. With a rich heritage spanning over a century, the company has solidified its position as a trusted partner for individuals and families seeking to protect their futures. Guided by its unwavering commitment to financial well-being, Ohio National continues to redefine the boundaries of the life insurance industry, offering an unparalleled suite of tailored solutions that cater to the ever-evolving needs of its clientele.
Ohio National’s comprehensive portfolio encompasses a diverse range of life insurance products, meticulously designed to provide peace of mind and financial security. From traditional term life insurance to innovative universal life and whole life policies, the company’s offerings are tailored to meet the specific financial goals and risk tolerance of each individual. Additionally, Ohio National’s suite of annuity products provides a solid foundation for retirement planning, offering options that can help individuals accumulate wealth on a tax-advantaged basis while generating a steady stream of income in their golden years.
The company’s unwavering commitment to excellence is reflected in its exceptional customer service and support. Ohio National’s team of dedicated professionals is renowned for their expertise and personalized approach, ensuring that every customer receives the guidance and support they need to make informed decisions about their financial future. Whether navigating the complexities of life insurance policies or exploring retirement planning options, Ohio National’s representatives are always available to provide personalized advice and tailored solutions that empower individuals to achieve their financial aspirations.
History and Evolution of Ohio National Life Insurance
The Early Years (1909-1945)
Ohio National Life Insurance Company was founded in 1909 in Cincinnati, Ohio, by Albert Bettinger, a former Ohio state insurance commissioner. The company initially focused on providing life insurance to individuals and families in the Midwest. During this early period, Ohio National grew steadily, expanding its product offerings and establishing a reputation for financial stability.
The Post-World War II Era (1945-1980)
After World War II, Ohio National experienced significant growth and expansion. The company expanded its geographic reach beyond the Midwest, establishing operations in other states and regions. It also diversified its product portfolio, introducing new products such as health insurance, annuities, and retirement plans.
During this period, Ohio National played a pivotal role in the development of the life insurance industry. The company was an early adopter of new technologies, such as electronic data processing and variable annuities. It also became known for its innovative marketing campaigns and customer-focused service.
The Modern Era (1980-Present)
In the modern era, Ohio National continued to grow and evolve, adapting to changing market conditions and the needs of its customers. The company expanded its international operations, establishing a presence in Canada, the United Kingdom, and other countries.
Ohio National also invested heavily in technology, upgrading its systems and infrastructure to improve efficiency and customer service. The company introduced new products and services, such as online account management and mobile apps.
Today, Ohio National Life Insurance Company is a leading provider of life insurance, annuities, and retirement plans. The company has a strong financial foundation and a commitment to providing its customers with high-quality products and services.
Key Milestones in Ohio National’s History
| Year | Milestone |
|---|---|
| 1909 | Ohio National Life Insurance Company is founded. |
| 1945 | The company expands beyond the Midwest. |
| 1960 | Ohio National introduces variable annuities. |
| 1980 | The company establishes international operations. |
| 2000 | Ohio National upgrades its technology systems. |
| 2010 | The company introduces online account management. |
| 2020 | Ohio National celebrates its 111th anniversary. |
Product Offerings: Term, Whole, and Universal Life Insurance
Ohio National Life Insurance offers a range of comprehensive life insurance policies to meet the diverse needs of individuals and families. Their product offerings include term life insurance, designed for temporary coverage, whole life insurance, providing permanent protection with cash value accumulation, and universal life insurance, offering flexible premium payments and a cash value account.
Term Life Insurance: Affordable Protection for a Specific Period
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Provides temporary life insurance coverage for a predetermined period, such as 10, 20, or 30 years.
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Premiums are typically lower compared to whole life insurance, making term life insurance an affordable option for individuals seeking protection on a budget.
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Upon the expiration of the term, policyholders can renew their coverage, convert it to a permanent life insurance policy, or let it lapse.
Whole Life Insurance: Long-Term Coverage with Cash Value Accumulation
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Provides permanent life insurance protection throughout the policyholder’s lifetime.
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Includes a cash value account that grows on a tax-deferred basis, offering a potential source of savings and retirement income.
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Premiums are typically higher than term life insurance, but the cash value accumulation can offset the higher costs over time.
Universal Life Insurance: Flexible Coverage with Cash Value Options
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Offers flexible premiums and death benefit adjustments, allowing policyholders to tailor their coverage to their changing needs.
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Includes a cash value account that can be used for various purposes, such as saving for retirement, education, or emergencies.
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Policyholders have the option to adjust their premiums and death benefit to meet their financial circumstances.
Additional Product Features and Benefits
In addition to these core product offerings, Ohio National Life Insurance also provides a range of additional features and benefits, including:
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- Riders for additional coverage, such as accidental death and dismemberment or long-term care
- Living benefits, such as accelerated death benefits for terminal illness or chronic conditions
- Policy loans and withdrawals from the cash value account (with potential tax implications)
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It’s crucial to consult with a financial professional or licensed insurance representative to determine the most suitable life insurance policy for your specific needs and financial situation.
| Feature | Term Life | Whole Life | Universal Life |
|—|—|—|—|
| Coverage Period | Temporary | Permanent | Flexible |
| Premiums | Lower | Higher | Flexible |
| Cash Value | No | Yes | Yes |
| Flexibility | Limited | None | High |
| Riders and Benefits | Available | Available | Available |
Claim Filing Process
The Ohio National Life Insurance claim filing process is straightforward and designed to provide timely and efficient assistance. Here’s a detailed guide to help you navigate the process:
1. Report the Claim
Immediately contact Ohio National Life Insurance at 1-800-221-0965 to report the claim. Be prepared to provide basic information about the policyholder and the circumstances of the claim.
2. Submit the Required Documents
Gather all necessary supporting documents, including the policy number, death certificate (for death claims), medical records (for disability claims), and any other relevant documentation. Submit these documents to Ohio National Life Insurance through their online portal or by mail.
3. Review and Assessment
Ohio National Life Insurance will review your claim and the supporting documents. They may request additional information or schedule a medical examination if necessary.
4. Claim Processing
Once all necessary information is gathered, Ohio National Life Insurance will process the claim and determine the benefits payable. This process typically takes around 30 days, but it may vary depending on the complexity of the claim.
5. Payment Issuance
Upon approval, Ohio National Life Insurance will issue the claim payment to the designated beneficiary or the policyholder, depending on the type of claim.
6. Disputed Claims
If you disagree with the claim decision, you can request a review by contacting Ohio National Life Insurance’s Claims Department.
7. Additional Information
The Ohio National Life Insurance website provides a comprehensive guide to the claim filing process, including downloadable forms and a secure online portal for submitting documents.
8. Helpful Tips
To ensure a smooth claim filing process:
- Notify Ohio National Life Insurance promptly about the claim.
- Gather all necessary supporting documents and submit them accurately.
- Be prepared to provide additional information if requested.
- Understand the claim review process and timelines.
Customer Service
Ohio National Life Insurance prides itself on providing exceptional customer service. Here are some key aspects to note:
1. Dedicated Representatives
Ohio National Life Insurance assigns dedicated representatives to policyholders who can assist with queries, provide guidance, and resolve concerns.
2. Multiple Contact Channels
Customers can reach a representative through phone, email, or the online chat feature on the Ohio National Life Insurance website.
3. Business Hours
Customer service representatives are available during business hours, Monday through Friday.
4. Online Account Access
Policyholders can access their account online to view policy details, make payments, and submit inquiries.
5. Feedback and Satisfaction Surveys
Ohio National Life Insurance regularly collects customer feedback and conducts satisfaction surveys to identify areas for improvement and enhance customer experience.
6. Financial Strength and Stability
Ohio National Life Insurance has consistently received high ratings from independent rating agencies, demonstrating its financial strength and stability.
7. Community Involvement
Ohio National Life Insurance actively supports local communities through charitable initiatives and volunteer programs.
8. Awards and Recognitions
Ohio National Life Insurance has received numerous awards and recognitions for its customer service, financial performance, and industry leadership.
9. Customer Testimonials
Positive customer testimonials and reviews highlight Ohio National Life Insurance’s commitment to providing excellent service.
Ohio National’s Life Insurance Policyholder Benefits
Customized Coverage Options
Ohio National offers a range of life insurance policies tailored to individual needs, including term life, whole life, and universal life insurance. Each policy type provides varying levels of coverage and flexibility.
Financial Strength
Ohio National is a financially stable company with a long-standing track record of fulfilling its obligations to policyholders. Its financial strength ratings from independent agencies demonstrate its ability to meet claims and protect policyholders’ investments.
Dividend Payments
Whole and universal life insurance policies from Ohio National may offer dividends, which are periodic payments that can be used to reduce premiums or accumulate cash value. These dividends are not guaranteed, but they have been paid consistently in the past.
Cash Value Accumulation
Whole and universal life insurance policies from Ohio National accumulate cash value over time, providing a potential source of tax-deferred savings. This cash value can be borrowed against or withdrawn for various purposes.
Living Benefits
Some Ohio National life insurance policies include riders that provide living benefits, such as coverage for long-term care or chronic illnesses. These benefits can offer financial support when facing unexpected medical expenses.
Estate Planning
Life insurance from Ohio National can be an effective tool for estate planning, providing funds to cover estate taxes or provide a financial legacy for beneficiaries.
Policyholder Service
Ohio National emphasizes excellent customer service, offering dedicated support representatives and online tools to help policyholders manage their policies and access information.
Agent Network
Ohio National’s network of licensed agents provides personalized guidance and support throughout the life insurance process, from policy selection to ongoing management.
Additional Benefits
Ohio National offers a variety of additional benefits to policyholders, including:
- Accidental Death Benefit: Provides additional coverage in the event of an accidental death.
- Waiver of Premium Rider: Waives premium payments in the event of a disability.
- Spouse Insurance Rider: Covers the spouse under the same policy, with simplified underwriting.
Group Life and Disability Insurance
Ohio National also offers group life and disability insurance plans for employers and organizations. These plans provide coverage for employees and members, offering financial protection and peace of mind.
Understanding Ohio National Life Insurance Dividends
1. What are Ohio National Life Insurance Dividends?
Ohio National Life Insurance dividends are payments made to policyholders from the company’s surplus funds. These funds are generated by the company’s excess profits, which are shared with policyholders who have participating policies.
2. Why does Ohio National Life pay dividends?
Ohio National Life pays dividends as a way to reward policyholders for their loyalty and to share the company’s success. Dividends are not guaranteed, but they are paid out consistently to policyholders who maintain their policies.
3. How are Ohio National Life dividends calculated?
Ohio National Life dividends are calculated based on a number of factors, including the company’s financial performance, the mortality experience of its policyholders, and the interest rates on its investments.
4. When are Ohio National Life dividends paid out?
Ohio National Life dividends are typically paid out annually. The amount of the dividend will vary from year to year, depending on the factors mentioned above.
5. How can I use Ohio National Life dividends?
Ohio National Life dividends can be used in a number of ways, including:
Purchasing additional insurance coverage
Paying your policy premiums
Receiving a cash payout
Investing the dividends for growth
6. What are the tax implications of Ohio National Life dividends?
Ohio National Life dividends are generally considered to be tax-free income. However, there are some exceptions to this rule. Consult your tax advisor to learn more about the tax implications of Ohio National Life dividends.
7. Should I expect to receive Ohio National Life dividends?
Whether or not you will receive Ohio National Life dividends depends on a number of factors, including the type of policy you have and the company’s financial performance. However, dividends have been paid out consistently to policyholders who have maintained their policies.
8. What happens if I don’t receive Ohio National Life dividends?
If you do not receive Ohio National Life dividends, it is important to contact the company to inquire about the reason. There may be a simple explanation, such as a change in your policy or a mistake in the calculation of your dividends.
9. What are the benefits of Ohio National Life dividends?
There are a number of benefits to receiving Ohio National Life dividends, including:
Increased cash flow
Reduced insurance costs
Increased investment returns
Tax-free income
10. Are there any risks associated with Ohio National Life dividends?
There are no guarantees that Ohio National Life will continue to pay dividends in the future. However, the company has a long history of paying dividends to policyholders, and it is financially sound.
11. How can I learn more about Ohio National Life dividends?
You can learn more about Ohio National Life dividends by contacting the company or by visiting its website. You can also speak with an insurance agent who can answer your questions and help you determine if Ohio National Life is the right insurance company for you.
| Type of policy | Dividend payout |
|---|---|
| Whole life | Annual |
| Term life | Not typically paid |
| Universal life | Variable, based on the performance of the underlying investments |
Ohio National’s Role in the Life Insurance Industry
Ohio National Life Insurance Company (ONL) is a prominent player in the life insurance industry, offering a wide range of insurance products to individuals, families, and businesses.
Corporate History and Timeline
Founded in 1909 in Cincinnati, Ohio, ONL has established a strong financial foundation over the past century. The company’s key milestones include:
| Year | Event |
|---|---|
| 1909 | Founded as Ohio National Life Insurance Company |
| 1950 | Expanded into the group insurance market |
| 1970 | Became a publicly traded company |
| 1990 | Acquired Provident Life and Accident Insurance Company |
| 2000 | Expanded into the retirement market |
Product Offerings
ONL provides a comprehensive suite of life insurance products, catering to various needs and financial goals. These products include:
- Term life insurance
- Permanent life insurance
- Indexed universal life insurance
- Variable universal life insurance
- Whole life insurance
Financial Strength and Ratings
ONL maintains a strong financial position, as evidenced by its high ratings from leading credit agencies. The company has received the following ratings:
| Rating Agency | Rating |
|---|---|
| A.M. Best | A+ |
| Standard & Poor’s | AA- |
| Moody’s Investors Service | Aa3 |
Market Presence and Distribution
ONL operates in all 50 states and the District of Columbia, serving individuals, families, and businesses through a broad network of independent agents and brokers.
Industry Involvement and Awards
ONL is an active member of the American Council of Life Insurers (ACLI) and the National Association of Insurance Commissioners (NAIC). The company has also been recognized for its excellence in the industry through various awards, including:
- Ward’s 50 Top Performers
- Forbes Best Employers for Women
- Great Place to Work for Diversity
Corporate Social Responsibility
ONL is committed to giving back to the communities it serves. The company supports various charitable organizations focused on health and wellness, education, and economic development.
Dedicated to Customer Service and Financial Security
ONL prioritizes providing exceptional customer service and ensuring financial security for its policyholders. The company has a team of experienced agents and representatives available to assist with insurance needs and provide ongoing support.
Continuous Innovation and Growth
ONL remains committed to innovation and growth in the life insurance industry. The company continuously evaluates and introduces new products and services to meet the evolving needs of its customers.
Innovation in the Life Insurance Industry
ONL has been recognized for its innovative approaches in the life insurance space, including:
- Developing advanced underwriting tools
- Introducing digital platforms for policy management
- Partnering with technology companies to enhance customer experiences
Commitment to Ethical Standards
ONL adheres to the highest ethical standards in all aspects of its business. The company is committed to integrity, transparency, and fairness in its dealings with agents, customers, and the broader community.
Conclusion
Ohio National Life Insurance Company is a reputable and well-established provider of life insurance products. With its strong financial foundation, comprehensive product offerings, and commitment to customer service, ONL continues to play a significant role in the life insurance industry.
Ohio National Life Insurance: Stability and Peace of Mind
A Legacy of Strength and Stability
Ohio National Life Insurance has been a trusted provider of financial security for over a century, offering a wide range of insurance products to individuals, families, and businesses. Founded in 1909, the company has weathered economic downturns and industry changes, maintaining a strong financial foundation throughout its history.
Financial Ratings and Recognition
Ohio National’s financial stability is backed by strong ratings from independent agencies. The company has consistently earned high ratings for its claims-paying ability and overall financial strength from organizations such as AM Best, Standard & Poor’s, and Moody’s.
Commitment to Customer Service
Ohio National values its customers and strives to provide exceptional service. The company has a dedicated team of licensed agents and customer service representatives who are knowledgeable and responsive to policyholders’ needs. They offer personalized assistance and guidance, ensuring that customers understand and maximize their coverage.
Personalized Insurance Solutions
Ohio National offers a comprehensive portfolio of insurance products to meet the unique needs of its customers. These include life insurance, disability insurance, long-term care insurance, and annuities. The company’s agents work closely with clients to assess their individual circumstances and recommend the most appropriate coverage options.
Financial Planning and Education
Ohio National recognizes the importance of financial planning. The company provides a range of resources and support to help its customers manage their finances effectively. These include online tools, educational materials, and access to financial advisors who can assist with retirement planning, estate planning, and other financial goals.
Community Involvement
Ohio National is committed to giving back to the communities it serves. The company supports various charitable organizations and volunteer initiatives that focus on health, education, and community development.
Digital Innovation
Ohio National embraces digital technology to enhance the customer experience. The company offers online account management tools, mobile apps, and automated underwriting processes to make it easier for customers to access their policies, make payments, and receive support.
Investment Options
Ohio National’s annuities offer a range of investment options that allow customers to choose the level of risk and return that aligns with their financial goals. These options include fixed annuities, variable annuities, and index-linked annuities.
Long-Term Care Planning
Ohio National provides long-term care insurance to protect customers against the financial burden of future healthcare expenses. These policies offer benefits that can be used to cover costs associated with nursing home care, assisted living, and in-home care.
Disability Insurance
Ohio National offers disability insurance that provides financial protection in the event that a person becomes unable to work due to an illness or injury. These policies provide income replacement benefits to help cover living expenses and reduce financial stress during periods of disability.
Coverage for Businesses
Ohio National also offers a range of insurance products specifically designed for businesses, including life insurance, health insurance, and disability insurance. These policies help protect businesses and their employees from financial risks and ensure continuity of operations.
| Rating Agency | Rating |
|---|---|
| AM Best | A (Excellent) |
| Standard & Poor’s | AA- (Very Strong) |
| Moody’s | Aa3 (Moderate) |
Ohio National Life Insurance: A Trusted Partner
A Century of Service and Stability
Established in 1909, Ohio National Life Insurance Company has been providing financial security for generations of families. With a steadfast commitment to their policyholders, Ohio National has consistently earned high ratings for financial strength and stability.
Comprehensive Coverage Options
Ohio National offers a wide range of life insurance policies tailored to various needs and budgets. Their offerings include:
- Term life insurance: Provides affordable coverage for a specific period (e.g., 10, 20, or 30 years)
- Whole life insurance: Provides lifelong coverage with a cash value component that grows over time
- Universal life insurance: Offers flexible coverage and premium options, allowing policyholders to adjust their coverage as their needs change
- Variable life insurance: Provides the potential for higher returns but also carries market risk
Financial Expertise and Support
Ohio National employs a team of experienced financial professionals dedicated to helping policyholders make informed decisions. Their advisors provide personalized guidance and support throughout the life of the policy.
Innovative Products and Features
Ohio National continuously innovates to meet the evolving needs of their customers. They offer a range of specialized products and features, such as:
- Paid-up additions: Additional coverage purchased with dividends without requiring further premiums
- Living benefits: Riders providing coverage for certain chronic or terminal illnesses
- Optional riders: Enhancements like accidental death and dismemberment coverage or child term riders
Commitment to Community
Ohio National recognizes the importance of giving back to the community. They support various charitable initiatives and volunteer programs, fostering a spirit of social responsibility.
Strong Financial Performance
Ohio National has consistently maintained strong financial performance, earning high ratings from independent rating agencies:
| Rating Agency | Rating |
|---|---|
| AM Best | A+ (Excellent) |
| Standard & Poor’s | A+ (Strong) |
| Moody’s Investors Service | A1 (Good) |
Personalized Customer Service
Ohio National values exceptional customer service. They strive to provide their policyholders with prompt and courteous assistance, responding efficiently to inquiries and resolving issues seamlessly.
Online Tools and Resources
Ohio National’s website offers a comprehensive suite of online tools and resources for policyholders. These tools include:
- Policy management portal: Accessing policy information, paying premiums, and viewing statements
- Financial planning calculators: Estimating insurance needs, retirement savings, and other financial goals
- Educational articles and videos: Providing guidance on life insurance, estate planning, and financial literacy
Dedicated to the Future
Ohio National is committed to the well-being of its policyholders and the community at large. They invest in research and innovation, ensuring that they continue to provide exceptional financial services for generations to come.
Basic Life Insurance
Ohio National offers a range of basic life insurance policies to meet various needs:
- Term Life Insurance: Provides coverage for a specific period, typically 10, 15, 20, or 30 years. Offers affordable premiums and is suitable for temporary needs.
- Whole Life Insurance: Guarantees coverage for your entire life, as long as premiums are paid. Builds cash value over time, accessible through loans or withdrawals.
- Universal Life Insurance: Offers flexibility to adjust premiums and death benefits. Cash value component earns interest and can be used as a savings tool.
Supplemental Life Insurance
Ohio National offers additional coverage options to enhance your basic policy:
- Accidental Death and Dismemberment (AD&D) Rider: Provides protection against death or dismemberment due to accidents.
- Waiver of Premium Rider: Waives premiums in case of disability, ensuring continuous coverage.
- Return of Premium Rider: Refunds a portion or all of your premiums at the end of the policy term if no claims are made.
Riders and Enhancements
Ohio National offers a variety of riders and enhancements to customize your coverage:
- Children’s Term Rider: Provides coverage for your dependent children at affordable rates.
- Guaranteed Insurability Rider: Allows you to purchase additional coverage at guaranteed rates without medical underwriting.
- Living Benefits Rider: Provides access to a portion of your death benefit while living if diagnosed with a critical or terminal illness.
Income Replacement Life Insurance
Ohio National’s income replacement life insurance policies provide monthly payments to your beneficiaries in case of your death:
- Term Income Life Insurance: Provides income payments for a specific period, typically 10, 15, or 20 years.
- Whole Income Life Insurance: Guarantees income payments for your entire life or until the age of 100.
Universal Life Coverage Options
Ohio National’s universal life insurance policies offer flexibility and customization:
- Variable Universal Life Insurance (VUL): Cash value is invested in subaccounts, providing growth potential.
- Indexed Universal Life Insurance (IUL): Cash value is indexed to a stock market index, offering potential for higher returns.
Guaranteed Acceptance Life Insurance
Ohio National offers guaranteed acceptance life insurance policies for individuals with limited medical history:
- Simplified Issue Term Life Insurance: No medical exam required, but coverage is limited and premiums may be higher.
- Guaranteed Issue Life Insurance: No medical questions asked, but coverage amounts are typically lower.
Business Life Insurance
Ohio National provides life insurance solutions for businesses:
- Key Person Life Insurance: Protects the financial stability of a business in case of the death of a key employee.
- Buy-Sell Agreements: Ensures the smooth transfer of ownership in case of a business partner’s death.
Group Life Insurance Plans
Ohio National offers life insurance plans for employees through their employers:
- Basic Group Term Life Insurance: Provides affordable coverage to employees.
- Supplemental Group Life Insurance: Enhances basic coverage with additional benefits.
- Voluntary Group Life Insurance: Allows employees to purchase additional coverage at their own expense.
Burial and Funeral Planning
Ohio National offers burial and funeral planning services through partnerships with funeral homes:
| Service | Description |
|---|---|
| Funeral Planning | Helps families plan and finance funerals, including budgeting and selecting arrangements. |
| Prepaid Burial | Pays for funeral expenses in advance through a trust fund, locking in current costs. |
Financial Planning Services
Ohio National offers comprehensive financial planning services:
- Retirement Planning: Develops strategies to save for and secure your retirement.
- Estate Planning: Preserves and distributes your assets according to your wishes.
- Education Funding: Helps you save and invest for your children’s education.
Ohio National Life Insurance: Tailored to Your Needs
Flexible Coverage Options
Ohio National offers a wide range of coverage options to meet your specific needs, including:
– Term life insurance: Provides coverage for a specific period
– Whole life insurance: Provides lifelong coverage
– Universal life insurance: Offers a combination of permanent and term coverage
– Variable life insurance: Invests your premiums in a separate account, potential for growth
– Indexed universal life insurance: Premiums are tied to an index, potential for growth
Customized Riders and Endorsements
Enhance your policy with optional riders and endorsements to address unique needs, such as:
– Accidental death benefit: Provides additional coverage in case of accidental death
– Waiver of premium rider: Prevents policy lapse if you become disabled
– Long-term care rider: Helps cover long-term care expenses
Competitive Premiums and Dividends
Ohio National prides itself on offering competitive premiums and potential dividends to policyholders. Dividends are not guaranteed, but they can provide additional savings or reduce premiums.
Strong Financial Foundation
Ohio National is a financially strong company with a long history of stability and growth. It has received consistently high ratings from independent rating agencies, including an A+ (Superior) from AM Best.
Personalized Service and Support
Ohio National provides highly personalized service and support through a network of experienced agents and customer service representatives. They can help you navigate the policy selection process and provide ongoing assistance.
Comprehensive Annuity Offerings
In addition to life insurance, Ohio National offers a range of annuity products to help you save for retirement or supplement your income. These include:
– Fixed annuities: Provide a guaranteed interest rate and principal protection
– Variable annuities: Invest your premiums in a separate account, potential for growth
– Indexed annuities: Linked to an index, potential for growth with downside protection
Coverage for a Wide Range of Individuals
Ohio National offers coverage to meet the unique needs of individuals and families, including:
– Individuals: Coverage for single adults and individuals without dependents
– Families: Coverage for parents, spouses, and children
– Business owners: Coverage for key employees and business succession planning
Tailor-Made Policies for Specific Industries
Ohio National understands the unique needs of specific industries and offers tailor-made policies for:
– Healthcare professionals
– Educators
– Attorneys
– Public employees
Simplified Underwriting Process
Ohio National offers simplified underwriting options for certain coverage amounts to make the application process faster and easier.
Advanced Technology and Tools
Ohio National provides access to advanced technology and tools to help you manage your policy online and track your progress toward financial goals.
Social Responsibility and Community Involvement
Ohio National is committed to social responsibility and actively supports various charities and community organizations.
| Product | Type | Features |
|---|---|---|
| Term Life | Temporary coverage | Affordable premiums, no cash value |
| Whole Life | Permanent coverage | Cash value accumulation, guaranteed death benefit |
| Universal Life | Flexible coverage and premiums | Cash value accumulation, potential for growth |
| Variable Life | Investment-based coverage | Potential for growth with higher risk |
| Indexed Universal Life | Coverage linked to an index | Potential for growth with downside protection |
Meeting Evolving Needs
In today’s rapidly changing world, individuals and families face a multitude of evolving needs. Ohio National Life Insurance Company has been a pillar of stability and support, adapting to these evolving needs for over 100 years.
Financial Security
Ohio National understands the importance of financial security for individuals and families. Their life insurance policies provide peace of mind, knowing that loved ones will be financially protected in the event of an unforeseen event.
Health and Wellness
Ohio National recognizes the growing focus on health and wellness. They offer competitive health insurance policies that provide comprehensive coverage for medical expenses, ensuring that individuals and families have access to the care they need.
Retirement Planning
Ohio National’s annuity and retirement planning products help individuals and families plan for a secure financial future. Their annuities provide steady income streams during retirement, ensuring financial stability throughout this life stage.
Investing for Tomorrow
Ohio National’s investment options allow individuals and families to grow their wealth for the future. Their experienced investment professionals offer a diverse range of products to meet various risk profiles and financial goals.
Customer Service Excellence
Ohio National is committed to providing exceptional customer service. Their dedicated team of representatives is available 24/7 to assist with policy inquiries, claims processing, and any other support needs.
Financial Strength and Stability
Ohio National has a long-standing history of financial strength and stability. The company has consistently received high ratings from independent rating agencies, demonstrating their ability to meet their financial obligations to policyholders.
A Commitment to Innovation
Ohio National continuously innovates to meet the evolving needs of its customers. They invest in new technologies and product development to ensure that they remain at the forefront of the insurance industry.
Community Involvement
Ohio National is actively involved in community outreach and support. They partner with local organizations and charities to give back to the communities they serve.
A Longstanding Legacy of Service
Ohio National has been providing financial protection and support to individuals and families for over 100 years. Their unwavering commitment to customer satisfaction and community involvement has made them a trusted partner for generations.
Subsection 27: Detailed Breakdown of Financial Products
Ohio National offers a comprehensive suite of financial products to meet the diverse needs of individuals and families. These include:
Life Insurance Policies
Ohio National’s life insurance policies provide financial protection in the event of an untimely death. Their policy options include:
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| Term Life Insurance |
|---|
| Provides coverage for a specific period of time, typically 10, 20, or 30 years. |
| Whole Life Insurance |
| Provides lifelong coverage and accumulates a cash value component that grows over time. |
| Universal Life Insurance |
| Offers flexible coverage and premium payments, with a cash value component that grows based on market performance. |
| Variable Life Insurance |
| Provides coverage with the potential for variable cash value growth based on the performance of underlying investments. |
Health Insurance Policies
Ohio National’s health insurance policies provide comprehensive coverage for medical expenses. Their policies include:
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| Individual Health Insurance |
|---|
| Provides health insurance coverage for individuals and families who are not eligible for group health plans through their employer. |
| Group Health Insurance |
| Provides health insurance coverage for employees and their dependents through employer-sponsored plans. |
| Dental Insurance |
| Provides coverage for dental expenses, including preventive care, fillings, and major procedures. |
| Vision Insurance |
| Provides coverage for vision expenses, including eye exams, glasses, and contact lenses. |
Annuity and Retirement Planning Products
Ohio National’s annuity and retirement planning products provide income streams and financial security during retirement. Their products include:
–
| Fixed Annuities |
|---|
| Provide a guaranteed rate of return and can be used to accumulate savings for retirement. |
| Variable Annuities |
| Offer the potential for higher returns, but also carry market risk. |
| Immediate Annuities |
| Provide an immediate stream of income in exchange for a lump sum investment. |
| IRA Accounts |
| Provide tax-advantaged retirement savings accounts with various investment options. |
Investment Options
Ohio National’s investment options allow individuals and families to grow their wealth for the future. Their offerings include:
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| Mutual Funds |
|---|
| Provide diversification and professional investment management in a single fund. |
| Exchange-Traded Funds (ETFs) |
| Offer low-cost, diversified investments that track various market indices. |
| Managed Accounts |
| Provide personalized investment portfolios managed by experienced professionals. |
Ohio National’s Life Insurance: Protecting Your Financial Future
Ohio National: A Reliable Provider for Life Insurance
When seeking comprehensive life insurance coverage, Ohio National stands out as a reputable choice. With a proven track record and a commitment to financial stability, they provide an array of life insurance plans meticulously crafted to meet the evolving needs of individuals and families.
Understanding Life Insurance
Life insurance acts as a safety net, ensuring financial security for your loved ones in the unfortunate event of your passing. It provides a lump sum payout to designated beneficiaries, helping them navigate the financial burdens associated with your absence.
Ohio National’s Life Insurance Products
Ohio National offers a diverse range of life insurance products tailored to cater to various needs and financial objectives. Their portfolio includes:
- Term Life Insurance: Affordable coverage with a fixed period, providing protection for a predetermined duration.
- Whole Life Insurance: Permanent coverage that lasts throughout your lifetime, accumulating cash value and providing a death benefit.
- Universal Life Insurance: Flexible coverage with customizable premiums and cash value accumulation, allowing for adjustments based on your changing needs.
Benefits of Ohio National’s Life Insurance
Choosing Ohio National for your life insurance needs comes with a host of benefits:
- Financial Security: Ohio National’s life insurance policies provide a safety net for your loved ones, ensuring they have the financial means to cover expenses and maintain their standard of living in your absence.
- Flexibility: Ohio National offers a range of policies to accommodate your specific needs and budget, allowing you to tailor your coverage to your unique circumstances.
- Dependability: With over a century of experience, Ohio National boasts a solid track record and financial stability, ensuring the fulfillment of its insurance obligations.
- Customer Service: Ohio National prides itself on providing exceptional customer service, offering personalized advice and support to guide you through the insurance process.
Types of Life Insurance Riders
Ohio National’s life insurance policies can be enhanced with various riders to tailor the coverage to specific needs:
- Accident Rider: Provides additional coverage in the event of an accidental death.
- Waiver of Premium Rider: Waives premium payments if you become disabled.
- Children’s Rider: Extends coverage to minor children, ensuring their financial well-being.
Coverage Options and Premiums
Ohio National offers a range of coverage options and premiums to fit your financial situation. Your age, health, and coverage amount will influence the premium rates. Consult with an Ohio National representative for personalized quotes and guidance.
Applying for Ohio National Life Insurance
Applying for Ohio National life insurance is a straightforward process:
- Contact an Ohio National agent or visit their website.
- Provide personal and health information.
- Select the desired coverage amount and policy type.
- Submit the application and undergo a medical examination if necessary.
- Report the claim promptly to Ohio National.
- Provide necessary documentation and proof of death.
- Ohio National will review the claim and make a coverage decision.
- Once approved, the death benefit will be paid to the designated beneficiaries.
- Financial security: Provides a guaranteed death benefit, ensuring that your loved ones receive a financial cushion in your absence.
- Tax-advantaged growth: Policies accumulate cash value on a tax-deferred basis, allowing your savings to grow faster over time.
- Estate liquidity: Life insurance proceeds provide a source of funds to cover estate taxes, legal expenses, and other costs, preserving your legacy assets.
- Control over distribution: You can designate beneficiaries and specify how the death benefit will be distributed, ensuring that your wishes are honored.
- Flexibility: Policies can be customized to meet your specific needs, including adjustable coverage amounts and premium payment options.
- Riders and options: Additional coverage options, such as long-term care riders and chronic illness riders, can provide further protection and flexibility.
- Financial strength and stability: Ohio National is financially strong and has consistently earned high ratings from independent agencies, ensuring the longevity and reliability of its policies.
- Age and health: Your age and overall health will impact the premium rates and available coverage options.
- Financial goals: Determine the amount of financial support you wish to provide your beneficiaries and how the policy aligns with your overall financial plan.
- Tax implications: Consider the tax consequences of different policy types and how they will affect your legacy goals.
- Financial Security: Guarantees financial protection for your loved ones in case of your untimely demise.
- Peace of Mind: Provides a sense of security, knowing that your family will be taken care of.
- Tax Benefits: Life insurance death benefits are typically tax-free, providing a tax-advantaged inheritance.
- Affordable Premiums: Ohio National offers competitive premiums to ensure that life insurance is accessible.
- Professional Service: Dedicated agents provide personalized guidance and support throughout the policy’s lifetime.
- Waiver of Premium Rider: Waives premiums in case of disability.
- Child Term Rider: Provides coverage for your children.
- Accelerated Death Benefit Rider: Provides access to a portion of the death benefit if you are diagnosed with a terminal illness.
- Guaranteed Insurability Rider: Allows you to purchase additional coverage without underwriting in the future.
- Term Life Insurance: Provides essential coverage for a specific duration, offering financial protection at an affordable cost.
- Whole Life Insurance: Permanent coverage with a guaranteed cash value that accumulates over time, providing lifelong protection and cash value growth potential.
- Universal Life Insurance: Adjustable coverage with flexible premium payments and cash value accumulation features.
- Variable Life Insurance: Coverage linked to investment performance, offering potential for higher returns and customization.
- Riders and Endorsements: Customizable options to personalize your coverage, such as accidental death benefits or living benefits riders.
- Online Policy Management: Convenient access to your policy information and management tools through our secure online platform.
- Customer Care Support: Dedicated support team available to answer any questions or provide assistance whenever you need it.
- 112+ years of experience: Over a century of serving clients and delivering peace of mind.
- $46 billion in assets: Financial strength to ensure the fulfillment of our obligations.
- 98% customer satisfaction rate: A testament to our unwavering dedication to client satisfaction.
- A+ rating from A.M. Best: A reputable rating agency’s recognition of our financial stability and reliability.
- Millions of lives protected: Empowering individuals and families with financial security and a brighter future.
- Top-rated life insurance company: Consistently recognized for our exceptional products and services.
Claim Process
In the unfortunate event of a claim, Ohio National has a streamlined and compassionate claims process:
Financial Strength and Ratings
Ohio National is renowned for its financial strength and has received consistently high ratings from leading independent agencies:
| Rating Agency | Rating |
|---|---|
| A.M. Best | A+ (Superior) |
| Fitch Ratings | A+ (Strong) |
| Moody’s Investors Service | A1 (Excellent) |
Additional Resources
For further information and guidance, consider these resources:
Ohio National’s Life Insurance for Legacy Creation
Understanding Legacy Planning
Legacy planning involves designing strategies to preserve and pass on your assets and values to future generations. Life insurance plays a crucial role in effective legacy creation, providing financial protection and flexibility.
Ohio National: A Trusted Provider
Ohio National has been a respected life insurance provider for over 100 years, offering a range of products tailored to estate planning needs. Their policies are designed to protect and grow your wealth, while minimizing tax burdens and ensuring the distribution of assets as per your wishes.
Benefits of Using Ohio National Life Insurance for Legacy Creation
Ohio National’s life insurance policies offer numerous advantages for legacy planning, including:
Additional Attributes of Ohio National Life Insurance
Ohio National’s life insurance policies also offer additional features that enhance their value for legacy creation:
How to Select the Right Policy
Choosing the right life insurance policy for legacy creation requires careful consideration of several factors:
Case Study: Using Ohio National Life Insurance to Create a Legacy
John, age 50, wanted to ensure his family’s financial security and preserve his business for future generations. He purchased a $1 million whole life insurance policy from Ohio National. The cash value component of the policy grew tax-deferred, providing John with a financial resource during his lifetime. Upon his passing, the death benefit provided his children with funds to pay estate taxes and inherit the family business debt-free, fulfilling John’s legacy of protecting and growing his wealth.
Conclusion
Ohio National’s life insurance products offer a reliable and flexible solution for creating a legacy that protects your family’s financial well-being and ensures the preservation of your assets for future generations. By carefully selecting a policy that meets your specific goals and needs, you can leverage the power of life insurance to leave a lasting impact on your loved ones.
Ohio National’s Life Insurance: A Foundation for Financial Security
Understanding Life Insurance: A Guardian for Your Loved Ones
Life insurance provides a financial safety net for your family in the event of your unexpected passing. It offers peace of mind knowing that your loved ones will be protected financially when they need it most.
Ohio National Life Insurance: A Legacy of Dependability
Ohio National has been a trusted name in life insurance for over a century. With its unwavering commitment to financial stability and customer satisfaction, the company has become a pillar in the insurance industry.
The Cornerstones of Ohio National’s Life Insurance
1. Comprehensive Coverage for All Life Stages
Ohio National offers a range of life insurance products designed to meet the evolving needs of individuals and families at different life stages.
2. Tailored Policies for Your Unique Situation
With Ohio National, you can customize your life insurance policy to align with your specific circumstances, ensuring optimal protection for your loved ones.
3. Flexible Premium Options
Ohio National understands that financial flexibility is crucial. Their flexible premium options allow you to choose a payment schedule that fits your budget.
4. Guaranteed Death Benefit: A Promise Fulfilled
Ohio National guarantees the payment of a death benefit upon your passing, ensuring that your family receives the financial support they need.
5. Cash Value Accumulation: A Dual-Purpose Asset
Certain policies from Ohio National offer a cash value component that grows over time. This cash value can be used for various financial needs or as a supplement to retirement income.
6. Accelerated Death Benefit: Support During Critical Times
Ohio National’s accelerated death benefit allows you to access a portion of your death benefit while you’re still living if you’re diagnosed with a terminal illness or need long-term care.
7. Rider Options for Enhanced Protection
Ohio National offers riders that enhance your life insurance policy, such as accidental death and dismemberment coverage and waiver of premium in case of disability.
8. Experienced Agents: Your Guiding Light
Ohio National’s experienced agents provide personalized guidance and support, helping you navigate the complexities of life insurance and find the right coverage for your needs.
9. Financial Stability: A Pillar of Trust
Ohio National’s strong financial foundation ensures that it can fulfill its promises to policyholders, providing peace of mind and unwavering protection.
10. Commitment to Customer Service
Ohio National prides itself on its exceptional customer service, offering responsive support and building long-lasting relationships with its clients.
37. Life Insurance Protection: A Breakdown of Key Features
| Feature | Description |
|---|---|
| Death Benefit | A guaranteed sum of money paid to your beneficiaries upon your death. |
| Cash Value | A cash value component that grows over time and can be used for various financial needs. |
| Accelerated Death Benefit | Allows you to access a portion of your death benefit while you’re living if you’re diagnosed with a terminal illness or need long-term care. |
| Riders | Optional enhancements that provide additional coverage, such as accidental death and dismemberment coverage. |
| Premium | The amount you pay periodically to maintain your life insurance coverage. |
| Policy Term | The period of time during which your life insurance coverage is active. |
| Beneficiaries | The individuals or entities designated to receive the death benefit. |
Ohio National’s Life Insurance: Peace of Mind for You and Your Loved Ones
Why Life Insurance?
Life insurance is an essential financial tool that provides peace of mind by ensuring the financial security of your loved ones in the event of your unexpected passing. It can replace lost income, cover final expenses, and preserve your family’s lifestyle.
Ohio National Life Insurance
Ohio National Life Insurance Company is a reputable insurer with a long-standing commitment to providing comprehensive life insurance solutions. With a focus on financial stability and customer service, Ohio National offers a range of policies to meet your specific needs.
Term Life Insurance
Term life insurance provides coverage for a specified period, such as 10, 20, or 30 years. It is an affordable option that provides essential protection during your working years.
Whole Life Insurance
Whole life insurance offers lifelong coverage and includes a cash value component that grows over time. The cash value can be borrowed against or withdrawn for various purposes.
Universal Life Insurance
Universal life insurance offers flexible coverage and premium payments. The death benefit and cash value accumulation can be adjusted based on your changing needs.
Variable Universal Life Insurance
Variable universal life insurance combines the flexibility of universal life insurance with the potential for higher returns. The cash value is invested in sub-accounts that offer various investment options.
Benefits of Ohio National Life Insurance
Choosing Ohio National Life Insurance offers numerous benefits, including:
Policy Options
Ohio National offers a comprehensive range of life insurance policies to cater to diverse needs and budgets. Here is a summary of key policy features:
| Policy Type | Coverage Type | Premiums | Cash Value |
|---|---|---|---|
| Term Life | Temporary | Fixed | No |
| Whole Life | Lifelong | Fixed | Yes |
| Universal Life | Flexible | Adjustable | Yes |
| Variable Universal Life | Flexible | Adjustable | Yes |
Riders and Enhancements
Ohio National offers a variety of riders and enhancements to customize your policy and address specific needs. These include:
Financial Strength and Stability
Ohio National Life Insurance Company has a strong financial foundation, consistently earning high ratings from independent rating agencies. This financial stability ensures the timely payment of claims and the longevity of your policy.
Exceptional Customer Service
Ohio National is committed to providing exceptional customer service. Dedicated agents are available to assist you with every step of the process, from policy selection to claims filing.
Conclusion
Ohio National Life Insurance offers a comprehensive range of life insurance solutions to provide peace of mind for you and your loved ones. With competitive premiums, flexible options, and exceptional customer service, Ohio National is the trusted choice for protecting your family’s financial future.
Ohio National’s Life Insurance: Protecting Your Dreams and Aspirations
Safeguarding Your Financial Future
Ohio National’s comprehensive life insurance policies provide the financial protection you need to shield your family and loved ones from unexpected events. Our policies offer a wide range of coverage options to suit your specific needs and budget.
Coverage that Grows with You
Ohio National understands that your life insurance needs can change over time. That’s why we offer policies with flexible riders that allow you to adjust your coverage as your circumstances evolve. Whether you’re getting married, welcoming a child, or retiring, we have you covered.
Simplified Underwriting Process
Applying for life insurance can be a hassle. Ohio National streamlines the process with our simplified underwriting process. In many cases, you can get approved without a medical exam, saving you time and stress.
Award-Winning Customer Service
Ohio National is committed to providing exceptional customer service. Our team of licensed agents is available to answer your questions, provide guidance, and ensure that you have the right coverage for your needs.
Whole Life Insurance: A Lifetime of Protection
Ohio National’s whole life insurance policies provide you with lifelong coverage and a guaranteed death benefit. With these policies, you can rest assured that your family will be financially secure no matter what the future holds.
Term Life Insurance: Affordable Protection for a Specified Time Period
Term life insurance offers affordable coverage for a specific time period, typically ranging from 10 to 30 years. These policies are ideal for individuals who need temporary coverage, such as paying off a mortgage or covering educational expenses.
Variable Life Insurance: Potential for Growth and Income
Variable life insurance combines the protection of life insurance with the potential for investment growth. These policies offer a variety of investment options, allowing you to customize your coverage to match your risk tolerance and financial goals.
Universal Life Insurance: Flexible Coverage with Cash Value Growth
Universal life insurance provides flexible coverage options with a cash value component that can grow tax-deferred. This cash value can be used to supplement your retirement income or cover other expenses.
Indexed Universal Life Insurance: Growth Potential Linked to the Market
Indexed universal life insurance policies offer the potential for growth linked to the performance of a market index. These policies combine the protection of life insurance with the potential for appreciation in the underlying investments.
Additional Features and Benefits
Ohio National’s life insurance policies come with a variety of optional riders to enhance your coverage and provide additional protection. Some popular riders include:
| Rider | Description |
|---|---|
| Return of Premium Rider | Refunds the premiums you’ve paid if you live to a certain age. |
| Accidental Death Benefit Rider | Provides an additional death benefit if you die from an accident. |
| Waiver of Premium Rider | Waives your premium payments if you become totally disabled. |
| Guaranteed Insurability Rider | Allows you to increase your coverage amount without additional medical underwriting, often at specific milestones. |
Ohio National’s life insurance policies are designed to provide you with peace of mind and financial security for you and your loved ones. With a wide range of coverage options and exceptional customer service, we’re here to help you protect your dreams and aspirations.
Ohio National’s Life Insurance: Ensuring a brighter tomorrow
About Ohio National Life Insurance
Ohio National, founded in 1909, is a renowned financial services organization with a rich history of providing innovative and tailored solutions to its clients. Backed by decades of experience and a commitment to excellence, Ohio National offers a comprehensive range of life insurance products designed to cater to diverse needs and life stages.
Tailored to Your Needs
Ohio National understands that every individual has unique life insurance requirements. Our policies are meticulously developed to align with your specific needs and financial objectives, ensuring a secure and brighter future for you and your loved ones. Our experienced agents work closely with you to design a customized plan that seamlessly fits into your life’s journey.
Peace of Mind for the Future
Life insurance serves as a cornerstone of any robust financial plan, offering peace of mind and financial protection against unforeseen circumstances. Ohio National’s life insurance policies safeguard your family’s well-being, providing them with financial stability and the assurance of continuity in the event of an unexpected event.
Comprehensive Coverage Options
Ohio National’s diverse portfolio of life insurance products offers a spectrum of coverage options tailored to specific needs and preferences. From term life insurance with flexible coverage durations to permanent life insurance with premium accumulation features, our policies provide the flexibility and customization necessary to meet your evolving needs.
Financial Stability and Reliability
Ohio National is a financially sound and stable organization, with an unwavering commitment to fulfilling its obligations to policyholders. Our unwavering financial strength provides peace of mind, ensuring that your coverage will be there when you need it most.
Award-Winning Service
Ohio National takes pride in delivering exceptional customer service, consistently earning accolades and recognition for our dedication to client satisfaction. Our team of dedicated professionals is committed to providing personalized support and guidance throughout your life insurance journey.
The Power of Choice
With Ohio National, you have the flexibility to choose from a vast array of life insurance products, including:
Personalized Planning for Your Future
Our team of licensed insurance professionals collaborates with you to develop a comprehensive life insurance plan that aligns seamlessly with your financial goals and life stage. We consider your unique circumstances, risk tolerance, and future aspirations to craft a tailored solution that empowers you to live confidently and securely.
Additional Perks and Benefits
In addition to our comprehensive life insurance coverage, Ohio National offers a range of value-added perks and benefits to enhance your overall experience:
45. The Power of Numbers
Ohio National’s commitment to providing superior life insurance solutions is reflected in our impressive numbers:
Making a Difference in the Community
Ohio National is deeply committed to making a positive impact in the communities we serve. Through corporate social responsibility initiatives and employee volunteerism, we actively engage in initiatives that enhance the lives of others and create a brighter future for all.
Ohio National Life Insurance: A Comprehensive Overview
Ohio National Life Insurance is a financially secure provider of life insurance and annuities with over a century of experience. The company is known for its reliable service, flexible product offerings, and commitment to customer satisfaction.
Ohio National’s life insurance policies include term, whole, and universal life insurance, providing coverage options to meet various financial needs. These policies offer financial protection for families, businesses, and individuals, helping them secure their financial future.
In addition to life insurance, Ohio National also offers a range of annuity products, which are designed to provide a steady stream of income during retirement. The company’s annuity options include fixed, variable, and indexed annuities, allowing customers to tailor their investment strategy to their risk tolerance and financial goals.
People Also Ask About Ohio National Life Insurance
What is Ohio National’s financial rating?
Ohio National maintains strong financial ratings from independent agencies, including an “A+” (Excellent) rating from A.M. Best.
Are Ohio National’s policies affordable?
Ohio National offers competitive rates on its life insurance and annuity products. The company works with licensed insurance agents to provide personalized quotes based on factors such as age, health, and coverage needs.
How do I file a claim with Ohio National?
Claims can be filed online, by phone, or by mail. Ohio National’s claims process is designed to be efficient and hassle-free.