{"id":15161,"date":"2019-06-10T13:03:00","date_gmt":"2019-06-10T17:03:00","guid":{"rendered":"https:\/\/insurancenewsnet.com\/?post_type=oarticle&p=4162528"},"modified":"2019-06-10T13:03:00","modified_gmt":"2019-06-10T17:03:00","slug":"ohio-national-introduces-new-death-benefit-options","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/06\/10\/ohio-national-introduces-new-death-benefit-options\/","title":{"rendered":"Ohio National Introduces New Death Benefit Options"},"content":{"rendered":"\n
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Clients looking for secure lifetime protection and excellent value for death benefit protection have two new options with Ohio National\u2019s enhanced lifetime pay whole life products.<\/p>\n

\u201cPrestige Value IV and Prestige 100 II provide an excellent foundation of long-term protection,\u201d said Christopher Calabro, CLU, ChFC, Ohio National senior vice president career agency distribution and marketing. \u201cClients can choose between one of the lowest priced participating whole life policies in the industry, which offers strong guaranteed1<\/sup> cash value growth supported by mid- and long-term dividends, or one that provides richer long-term cash value and dividend potential. These products are strong on their own, but can have flexibility added through an array of riders.\u201d<\/p>\n

Both products can accept premium payments to, and endow at, age 100. The earlier endowment age helps contribute to both products\u2019 improved long-term cash and death benefit values, based on current assumptions, that peak around a client’s life expectancy.<\/p>\n

Financial professionals have the flexibility to customize a policy to meet their client\u2019s needs with a suite of three paid-up-additions (PUA) riders, which features an enhanced Flexible PUA Rider (FPUAR). These riders allow clients to pay an additional premium into their policy above the base, up to approved underwritten limits, to receive additional paid-up whole life coverage. The PUA riders can also help improve the products\u2019 abilities to build and distribute cash value or reduce the policyholder\u2019s length or amount of premium payments on a non-guaranteed basis.<\/p>\n

Policyholders, including those with variable incomes or business owners, will have greater control over their premiums when they experience changes in their financial resources with the FPUAR. With its improved flexibility, four unscheduled premium payments can be made in any policy year for policyholders to reach their maximum allowable premium. Policyholders also have two years from the issue date to pay the maximum amount of flexible premium into the policy. Then, going forward, their maximum FPUAR premium will be based on the highest amount paid in any of the last five policy years.<\/p>\n

\u201cBy customizing these policies with riders, they can become versatile accumulation and distribution vehicles to help provide rich living benefits,\u201d said Karl Kreunen, CLU, Ohio National vice president, product marketing. \u201cWith these lifetime pay whole life products, our competitive limited pay whole life, universal life, indexed universal life, variable universal life, term life and individual disability income insurance products create one of the most robust portfolios in the industry.\u201d<\/p>\n

Prestige Value IV and Prestige 100 II feature a lineup of living benefits, including the Accelerated Benefits Rider (ABR), which gives clients early access to a portion of the policy’s death benefit in the event of a terminal or chronic illness. And, since both products are designed to have stronger long-term cash and death benefit values, policyholders may also see an improvement in the maximum benefit that can be accelerated in the years they are most likely to need the protections an ABR provides.2 <\/sup><\/p>\n

More information can be found at prestigeforlife.com<\/a>.<\/p>\n

Products issued by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation. Registered products distributed by Ohio National Equities, Inc., Member FINRA. Product, product features and rider availability vary by state.<\/p>\n

About Ohio National Financial Services<\/strong>
Since 1909, Ohio National has been committed to helping individuals, families and businesses protect what matters most. Through our network of financial professionals across 49 states (all except New York), the District of Columbia and Puerto Rico and through affiliated operations in South America, we provide the insurance products that help our policyholders achieve financial security and independence.  As of December 31, 2018, its affiliated companies have $39.3 billion total assets under management. Products are issued by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation. Please visit ohionational.com<\/a> for more information and for the latest company updates, connect with Ohio National on LinkedIn, Facebook, Twitter and Instagram.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

Read the original article at insurancenewsnet.com <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

GlobeNewswire Clients looking for secure lifetime protection and excellent value for death benefit protection have two new options with Ohio National\u2019s enhanced lifetime pay whole life products. \u201cPrestige Value IV and Prestige 100 II...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/15161"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=15161"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/15161\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=15161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=15161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=15161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}