| Choice Classic | Choice Legacy | Foundation Plus | |
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Type |
Single Premium Deferred Annuity; Non-Registered |
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Current Interest Rate Guarantee Periods |
1, 3, or 6 year interest rate guarantee, banded by amount |
1, 3, or 6 year interest rate guarantee, banded by amount |
1, 3, or 6 year interest rate guarantee enhanced 1-yr rate guar. annual increasing 6-yr rate, banded by amount |
|
Interest Rate Bands |
$50,000 & over $10,000 - $49,999 $5,000 - $9,999 |
$50,000 & over $10,000 – $49,999 $5,000 – $9,999 |
$50,000 & over $10,000 – $49,999 $5,000 – $9,999 $2,000 – $4,999 |
|
Guaranteed Minimum Interest Rate |
3% |
3% |
2% (most states) |
|
Minimum Purchase Payments |
$5,000 |
$5,000 |
$2,000 |
|
Issue Ages |
0-80 |
81-90 |
0-80 81-85 (reduced comp) |
|
Contract Charge |
None |
None |
None |
|
Contingent Deferred Sales Charge |
8 years: 8-7-6-5-4-3-2-1%, then 0 |
6 years: 6-5-5-4-3-2%, then 0 |
6 years: 6-6-6-6-5-3-0% |
|
Free Withdrawal |
10% of the contract value as of the beginning of the contract year; no 1-yr wait; min. w/d is $300; contract value must remain at or above $2,000 |
10% of the contract value as of the beginning of the contract year; no 1-yr wait; min. w/d is $300; contract value must remain at or above $2,000 |
10% of the contract value as of the beginning of the contract year; no 1-yr wait; min. w/d is $300; contract value must remain at or above $2,000 |
|
Bail-Out Provision |
Applies if renewal rate is more than 1% less than the prior year's rate. |
N/A |
N/A |
|
GEB/GEB Plus Death Benefit Riders
Provide an additional death benefit based on contract earnings at annuitant's death. |
N/A |
N/A |
GEB: 25% of Earnings Cost: 70 & Under, 15 bps Cost: 71-75, 30 bps GEB Plus: 40% of Earnings Cost: 70 & Under, 30 bps Cost: 71-75, 60 bps Max. benefit: $1 mil. per life |
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Nursing Home Benefit |
Yes |
No |
Yes |
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Markets |
Non-Qualified, IRA Rollover, CD Alternative, Qualified Plan Distribution |
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Fixed Annuity Application |
6499 (state variations may apply) |
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Choice Classic Client Sheet |
1701 |
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Choice Legacy Client Sheet |
1704 |
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Foundation Plus Brochure |
3660-ON |
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Foundation Plus Client Sheet |
1765 |
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Foundation Plus Rate Card |
3661-ON |
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Fixed Annuity Client Brochure (Save Wisely, Retire Well) |
1708 |
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Choice Annuities issued by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation. Foundation Plus Annuities issued by The Ohio National Life Insurance Company. Product, product features and rider availability vary by state. Guarantees are based upon the claims-paying ability of the issuer. Companies not licensed to conduct business in AK, HI and NY.
For Representative Use Only. Not for user with the general public.
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Ohio National is not affiliated with, nor does it endorse or sponsor, any particular prospecting, marketing or selling system.