Ohio National Financial Services, Annuities

Annuities are accessible. Because there are no IRS-imposed contribution limits, people can invest as much or as little as they chose in annuities (unless qualified) – no matter what their income levels. And, this money grows on a tax-deferred basis until the accumulated earnings are distributed – usually at retirement.

Moreover, unlike other tax-deferred investments during the accumulation phase, annuities' tax-deferred earnings are not counted in determining a person's income taxes on Social Security benefits. At the same time, while annuitants cannot outlive their guaranteed benefits, properly structured estate plans and annuity contract beneficiary designations can:

Avoid probate;

Protect assets held in trust from mismanagement by a parent or guardian

Continue benefits to the annuitant's heirs, thus making annuities effective multi-generational planning vehicles.

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