| Product Highlights | Premier | Value | Xtra | Lite |
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GEB Plus Rider |
Annual Cost: As percent of variable account value at contract anniversary. Ages 70 and under: 30 bps; Ages 71-75: 60 bps. Pays a percentage of the gain in the contract as a death benefit. Benefit: 40% of earnings. Maximum Benefit: 100% of purchase payments, up to $1 million per life. Can be added at issue; cannot be dropped. |
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GEB Rider |
Annual Cost: As percent of variable account value at contract anniversary. Ages 70 and under: 15 bps; Ages 71-75: 30 bps. Pays a percentage of the gain in the contract as a death benefit. Benefit: 25% of earnings. Maximum Benefit: 50% of purchase payments, up to $1 million per life. Can be added at issue; cannot be dropped. |
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Death Benefit |
Greater of: contract value or purchase payments reduced for withdrawals. Three-Year Step-Up: stops accum. at attained age 90. |
Greater of: contract value or purchase payments reduced for withdrawals. Six-Year Step-Up: stops accum. at attained age 90. |
Greater of: contract value (less any credits within 12 months) or purchase payments reduced for withdrawals. Eight-Year Step-Up: stops accum. at attained age 90. |
Greater of: contract value or purchase payments reduced for withdrawals. |
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Annual Step-Up Death Benefit Rider |
Issued through age 75. Stops accum. at contract anniversary after age 85 Cost: 10 bps. |
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Withdrawals |
Up to 10% of the contract value may be withdrawn without surrender charge with maximum of 14 withdrawals $300 minimum; contract value cannot drop below $5,000. |
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Fees |
1.40 M&E / $30 annual maintenance fee waived if account value / premium is $50,000 or more. |
.90 M&E / $30 annual maintenance fee waived if account value / premium is $50,000 or more. |
1.40 M&E / $30 annual maintenance fee waived if account value / premium is $50,000 or more. |
1.4 M&E / $30 annual maintenance fee waived if account value / premium is $50,000 or more. |
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Surrender Charge |
% of purchase payments or amount withdrawn, whichever is less: 6-6-5-4-2-1 |
% of purchase payments or amount withdrawn, whichever is less: 6-6-6-5-3-2 |
% of purchase payments or amount withdrawn, whichever is less: 9-8-7-6-5-4-2-1 |
% of purchase payments or amount withdrawn, whichever is less: 7-7-7 |
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Nursing Home Benefit |
Available for issue through age 80. (N/A in NJ) |
N/A |
Available for issue through age 80. (N/A in MA and NJ) |
Available for issue through age 80. (N/A in MA and NJ) |
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Issue Ages |
0-80 for annuitant (81-85 with restrictions); maximum issue age 80 in NJ. |
0-80 for annuitant (81-85 with restrictions); maximum issue age 80 in NJ. |
0-80 for annuitant. |
0-80 for annuitant (81-85 with restrictions). |
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Enhanced Fixed Rate Dollar Cost Averaging (DCA) |
Yes; six-month and 12-month accounts. |
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NOTE: This material is a general (not comprehensive) description of Variable life insurance policies and Variable Annuities issued by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation. It is not part of any policy or contract. The terms of any specific policy or contract are controlling. For more detailed information, please see the Prospectuses and brochures on specific coverage containing a description of riders, particular benefits, limitations and exclusions. ONCORE Variable 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. Guarantees do not apply to the account value or investment performance of the underlying variable portfolios. Variable products distributed by Ohio National Equities, Inc. Member NASD/SIPC. Issuer not licensed to conduct business in AK, HI and NY. ONCORE Variable Annuities can only be sold by Registered Representatives. For Broker/Dealer Use Only. Not for use with the general public.
Ohio National is not affiliated with, nor does it endorse or sponsor, any particular prospecting, marketing or selling system.