Ohio National Adds Whole Life Product
January 8, 2019 by Allison Bell
Ohio National Financial Services is trying to regain its footing by adding a 20-pay whole life policy, the Prestige 20-pay policy.
The Cincinnati-based company said earlier this week that it has also updated the Prestige 10-Pay II and Prestige Max III policies.
All three policies give the purchaser the ability to get a paid-up policy by making a limited number of payments.
In recent years, Ohio National has been a major issuer of variable annuities. This summer, the company announced it was addressing concerns about exposure to variable annuity guarantee risk by ending the sale of new variable annuity contracts, eliminating 300 variable annuity-related jobs, focusing more on the sale of life insurance and disability insurance, and changing annuity agent compensation arrangements.
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