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Annuity FYI's Featured Variable Annuity, Ohio National's ONcore Value, Now Available with Even Better Living Benefit Rider
Annuity FYI (www.annuityfyi.com) has announced that its Featured Variable Annuity -- Ohio National's ONcore Value --- is even better now. All of Ohio National's ONcore Variable Annuities now offer a new and improved GMIB rider called the Guaranteed Minimum Income Benefit Plus With Annual Reset Rider (GMIB Plus AR) with up to 6% dollar-for-dollar annual withdrawals. Like Ohio National's previous GMIB rider, the new GMIB Plus AR guarantees the greater of total purchase payments accumulated at 6%, or your highest contract anniversary value (both adjusted for withdrawals), whichever is greater. But with the new GMIB Plus AR, if your contract value increases, you can lock in the higher contract value on each contract anniversary and earn the 6% compounding on the new, higher value. This is the least expensive variable annuity we've found that offers a living income benefit with annual reset, lets you earn a guaranteed rate based on a higher contract anniversary value, and contains a guaranteed roll-up death benefit. We've always thought that the living income benefit and death benefit are second to none in the industry, and now Ohio National has made it even better with the GMIB Plus AR. For example, take a hypothetical $100,000 investment that at the end of year 5 had grown to $154,000 and at the end of year 10 to $155,000, an average rate of return over 10 years of just under 4.5%. Ohio National's previous GMIB would have guaranteed $179,084 - 6% per year over 10 years, regardless of market performance. With the new GMIB Plus AR, the investor could reset at year 5, and earn 6% per year off of $154,000 for a year-10 Guaranteed Income Base of over $206,000 (assuming no withdrawals). Rider charge at reset may be higher than original rate. In the above example where the investor resets at the end of year 5 and has a Guaranteed Income Base of over $206,000 at year 10, at that time the investor could take out $1,030 per month without touching the $206,000, which could be annuitized in the future, even if the contract value dropped to as low as $5,000. For investors who need current income, up to 6% dollar-for-dollar annual withdrawals are available immediately. The annual fee for the GMIB Plus AR is 0.70% of the Guaranteed Income Base at contract anniversary. ABOUT ANNUITY FYI Annuity FYI is a free resource for learning about, comparing, and selecting the best annuity products on the market. Annuity FYI regularly reviews the fixed and variable annuities on the market (approximately 15,000 of them) and presents on AnnuityFYI.com those that are most competitive and worthy of investment consideration. Annuity FYI also makes Annuity Experts available to individual investors and financial professionals toll-free to answer questions about annuities at 877 520-2800. Annuity FYI reminds investors that variable annuities, and some fixed annuities, are generally considered long term investments, sold by prospectus only, and available from your financial professional. Before investing or sending money, investors should carefully consider the investment objectives, risks, charges and expenses of the variable annuity (and certain fixed annuities) and its underlying investment options. The current contract prospectus and underlying fund prospectuses provide this and other important information and should be read carefully. Contact Annuity FYI at 877 520-2800 for a free, no-obligation investor's kit, which includes a current prospectus. ONcore variable annuities are issued by The Ohio National Life Insurance Company and distributed by Ohio National Equities, Inc., Member NASD/SIPC. CONTACT For more information, please contact Annuity FYI / Burgess Wever toll-free at 877 520-2800. Variable annuities are sold by prospectuses, which contain more complete information including fees, contingent deferred sales charges and other costs that may apply. Contact your registered representative or visit http://fundinfo.ohionational.com to obtain current prospectuses. Please read the product and fund prospectuses carefully before you invest or send money. Investors should consider the investment objectives, strategies, risk factors, charges and expenses of the underlying variable portfolios carefully before investing. The fund prospectus contains this and other information about the underlying variable portfolios. Early withdrawals or surrenders may be subject to surrender charges (contingent deferred sales charges). Withdrawals may also be subject to ordinary income tax and, if taken prior to age 59 1/2, a 10 percent federal tax penalty may apply. For tax purposes only, withdrawals will come first from any gain in the contract. Federal and state tax laws in this area are complex and subject to change. Consult your personal tax adviser on all tax matters. Withdrawals may reduce the death benefit, cash surrender value and any living benefit amount. Guarantees based upon the claims-paying ability of The Ohio National Life Insurance Company. Guarantees do not apply to the investment performance or account value of the underlying variable portfolios. Variable annuities are long-term investment vehicles designed to accumulate money on a tax-deferred basis for retirement purposes. Upon retirement, variable annuities may pay out an income stream of a series of payments or a lump sum. If you die during the accumulation or payout phase, your beneficiary may be eligible to receive any remaining contract value. Product, product features and rider availability vary by state. Issuer not licensed to conduct business and products not distributed in AK, HI, or NY. |
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