FE Companies Rate Increase.

[VolAgent]

Make sure you note that Ohio National has two term products for each period...the last time I checked, the less expensive one is not convertible to all of their permanent products (including their whole life).

Still great pricing on the "plus" product though...

Ohio National will gladly tell you the base version is only convertible to a crappy current assumption UL. And they will tell you it is crappy and it only exists to allow conversions from the base term plan.

They will also be glad to tell you why you should sell the plus product and that it is convertible to any permanent product offered at that time.

ONFS is not shy about wanting to sell term and convert it and they are very open that they want to see it converted to anything. They aren't picky, UL, VUL or WL, take your pick. Since they don't offer GUL, they don't care.

 

[0b1kanobee]

Ohio National will gladly tell you the base version is only convertible to a crappy current assumption UL. And they will tell you it is crappy and it only exists to allow conversions from the base term plan.

They will also be glad to tell you why you should sell the plus product and that it is convertible to any permanent product offered at that time.

ONFS is not shy about wanting to sell term and convert it and they are very open that they want to see it converted to anything. They aren't picky, UL, VUL or WL, take your pick. Since they don't offer GUL, they don't care.

Midland National's term is convertible for the first 5 years and they will apply the premiums paid towards the permanent policy. Does ON have a time limit? With MN I don't recall if after 5 years they still can convert but if they can I don't think the premiums paid still go toward the permanent policy.

Also with ON, do you know if they ever came out wit the chronic and critical illness and if they did, is it good on a term product too or just for permanent policies?

 

[WinoBlues]

Midland National's term is convertible for the first 5 years and they will apply the premiums paid towards the permanent policy. Does ON have a time limit? With MN I don't recall if after 5 years they still can convert but if they can I don't think the premiums paid still go toward the permanent policy.

Also with ON, do you know if they ever came out wit the chronic and critical illness and if they did, is it good on a term product too or just for permanent policies?

ONL's plan that has the conversion credit is the Recap Term

 

[VolAgent]

ONL's plan that has the conversion credit is the Recap Term

As I recall, there is one year conversion credit on the plus plan as well. The Recap will give up to 10 years of conversion credits I believe?

I don't recall any critical or chronic illness rider, but then I'm not much into them so I just may not have noticed.

 

[WinoBlues]

As I recall, there is one year conversion credit on the plus plan as well. The Recap will give up to 10 years of conversion credits I believe?

I don't recall any critical or chronic illness rider, but then I'm not much into them so I just may not have noticed.

Larry Tew would be the one with the info. I think they are rolling it out with marketing meetings around the country.