Advisers are compensated for their work by commissions earned on the financial products used to fund qualified retirement plans. Ohio National's commission table for the Advantage Series group annuity contracts is both flexible and competitive. There are a variety of commission options available, based on differing surrender periods, contribution and trail commission arrangements. This variety gives advisers the ability to offer clients a contract with a commission and contract charge arrangement tailored to their needs that at the same time properly compensates the financial professional for his or her services.
Every case is different. The financial professional and client need to analyze several factors in deciding which commission arrangement best fits the client and financial professional, including:
- Level of service expected by the client;
- Stability of the client's company;
- Surrender period;
- Importance of contribution and/or trail commissions; and
- Whether or not the first year contribution includes substantial one-time plan rollovers.
The financial professional's commission level will also affect the client's contract charges. Contact your Retirement Plan Wholesaler or the Retirement Plan Services Sales and Marketing Team for a copy of Ohio National's group variable annuity commission schedule.
