In addition, insurers selling variable annuities must provide prospective buyers with a contract overview, called an annuity prospectus. This helps customers understand the details, costs and available benefits of variable annuity contracts. The purpose of an annuity prospectus is to help consumers make an informed decision regarding the purchase of a variable annuity. Fixed annuities prospectuses are less common, and detailed information is usually provided to consumers in other formats.

A variable annuity prospectus usually includes optional riders that can be purchased with the contract, plus fees and other expenses charged to the contract holder, investment options, and financial highlights such as the total funds allocated to each investment option and their past performance. Also typically included are instructions for withdrawing and moving funds between investment options.

Back to Top | Next

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

72