Ohio National leaving the Annuity & Retirement Plan business

Sep 6, 2018

  1. scagnt83
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    scagnt83 Worldwide Expert of Everything

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    That is mainly directed towards not having a LTC Rider like Mass and Guardian. If you dont, you better have super strong CV and super customizable features.... like Penn does.

    There is nothing that ON does better than any other WL carrier... other than hand out declines because of much stricter UW. They dont have higher CV, or better Dividends, or longer Dividend history, or better financials, or unique features. Penn has 1 single WL policy, and it can do everything... ON felt the need to have like 4 or 5 different policies... and none were stellar. I stopped dealing with them years ago. Penn, Mass, and Guardian are my go to WL carriers.

    ON has a very strong DI policy now. But I wont be selling it now they have screwed over agents and their families.
     
  2. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    DHK, Nov 25, 2018
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  3. Golfnut2112
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    Your right. I got contracted with Penn Mutual which would never have crossed my mind if not for the actions of Ohio National. Penn seems like a very good company and I am starting to use them regularly.
     
  4. scagnt83
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  5. scagnt83
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    scagnt83 Worldwide Expert of Everything

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    They have an excellent WL and IUL and very good customer service in my experience.

    Their Term will be more expensive than ON... so LFG and Midland are good substitutes if you want convertibility... AG for value focused clients. And AG's GUL rocks. With those 4 in your bag, you wont miss ON one bit.
     
  6. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    I doubt Ohio National would ever enter the foray of true LTC - particularly after leaving the annuity market now.
     
    DHK, Nov 25, 2018
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  7. Golfnut2112
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    Thanks I already have Lincoln I will check out AG and midland
     
  8. AboutThatLife
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    AG as in AIG?
     
  9. scagnt83
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    scagnt83 Worldwide Expert of Everything

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    LTC Riders are not even close to the same actuarially as Traditional LTC Insurance. More and more carriers are taking the permanent reauirement off their chronic Riders. It's the wave of the future in insuring for LTC risk.
     
  10. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    DHK, Nov 25, 2018
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