SECTION IV: INVESTMENTS

Selecting Variable Universal Life Insurance

Ohio National has sales material on our Variable Universal Life product prepared for your use to present to your customers. Keep in mind that sales materials must be accompanied by a current prospectus. Ohio National offers two Variable Universal Life Insurance products including the Growth Prospective VUL and the Vari-Vest Survivor.

1. Growth Prospective VUL: Designed for a customer looking for both life insurance protection as well as growth potential. It is best suited for a customer with long-term goals in mind who believes in the ability of securities to build wealth over time. Growth Prospective VUL offers customers flexibility and control allowing them to choose their premium levels, investment options and amount of death benefit.
2. Vari-Vest Survivor: A variable universal second-to-die life insurance policy that is a universal life policy providing a death benefit to the customer, which offers premium flexibility based on the customer's needs and gives the customer control over their own investment selections. This policy insures two people and proceeds are paid at the second of the two deaths.

Pricing

All Variable Universal Life Insurance policies have fees or charges, which might include a premium charge, a cost of insurance charge, a mortality and expense risk charge, a monthly expense charge and underlying mutual fund expenses. In addition, there may be a surrender charge if a customer withdraws money earlier than the time allowed as defined by the insurance contract. Because these fees can have a direct impact on a customer's overall rate of return, customers need to familiarize themselves with the fees they have to pay when purchasing a variable universal life insurance policy. Detailed fee information can be found in the VUL's prospectus, which must be delivered to investors.

Performance

The performance of a Variable Universal Life Insurance policy will depend on the overall rates of return of the underlying investment options that the investor chose. The specific insurance company can provide performance reports on the portfolio underlying an investor's VUL.

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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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