SECTION IV: INVESTMENTS

Selecting Variable Annuities

Ohio National offers the ONcore Series of Variable Annuities with five different Variable Annuity product options to choose from, including Premier, Lite, Value, Xtra and Flex. See the ONcore Product Matrix (Form 8537) for details.

For more information on annuities and current riders, contact ONESCO Marketing or Ohio National.

Pricing

Variable Annuities have different types of fees that may apply, such as surrender charges, mortality and expense charges and administrative fees. A surrender charge may apply if investors withdraw money earlier than the time allowed as defined by the insurance company. Mortality and expense risk charges pay the insurance company for the risk it is assuming under the contract. It can also be used to pay the company's cost of selling the variable annuity. Administrative fees may be deducted from the contract to cover expenses such as recordkeeping.

In addition to these basic fees, investors will also be subject to the expenses of the underlying sub-accounts to which they choose to allocate their purchase payments. Because these fees can have a direct impact on the investor's overall rate of return, investors need to familiarize themselves with the fees they have to pay when purchasing a variable annuity. Detailed fee information can be found in the variable annuity's prospectus, which must be delivered to investors.

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Ohio National is not affiliated with, nor does it endorse or sponsor, any particular prospecting, marketing or selling system.

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