Policy Cancellations and Refunds
Free-Look for Persons Over Age 60: In many states, every policy of individual life insurance and annuity contract delivered or issued to a senior citizen age 60 or over shall have a notice stating that the policy may be returned by the owner for cancellation within 30 days.
During the 30-day cancellation period, the premium for a Variable Annuity may be invested only in fixed-income investments and money-market funds, unless the investor specifically directs that the premium be invested in the variable subaccounts underlying the Variable Annuity contract.
Back to Top | Next
Ohio National is not affiliated with, nor does it endorse or sponsor, any particular prospecting, marketing or selling system.
