Thoughts on Ohio National?

Nov 30, 2018

  1. Mac1958
    Offline

    Mac1958 Guru

    Posts:
    260
    Likes Received:
    3
    Given their recent, um, "issues" with their variable annuities, payouts, and upcoming class action lawsuits, I'm wondering whether there's any reason to be concerned about their core whole life products.

    I like their performance and their non-direct recognition feature, and neither NYL nor MassMutual are terribly independent-friendly.

    Do you feel that ONL is solid going forward, and/or what company might make the best Plan B?
    .
     
    Mac1958, Nov 30, 2018
    #1
  2. DHK
    Offline

    DHK "YOU CAN'T HANDLE THE TRUTH!"

    Posts:
    7,609
    Likes Received:
    1,367
    State:
    California
    https://insurance-forums.com/commun...g-the-annuity-retirement-plan-business.95200/

    PennMutual was a prominent company mentioned in the thread above.

    I do feel that Ohio National may be solid, but as John Savage said: "All you have in an interview is trust. Once violated, you have nothing." Ohio National violated its trust by backing out of a compensation agreement with those who sell their products (aside from career agents). And successful agents have long-term memories.
     
    DHK, Nov 30, 2018
    #2
  3. pfg1
    Offline

    pfg1 Guru

    Posts:
    1,269
    Likes Received:
    99
    State:
    Virginia
    I feel like they are a solid company. Not a fan of what they did, but I think they are smart to focus on what they are good at. Life and disability. According to their top producer (privately), they ain't going anywhere. Of course none of us has a crystal ball.

    I second Penn as an alternative if you don't like ONL.
     
    pfg1, Nov 30, 2018
    #3
  4. DayTimer
    Offline

    DayTimer Guru

    Posts:
    1,091
    Likes Received:
    1,708
    State:
    Pennsylvania
    There is no reason Ohio National should be supported by any independent agent. Let them sink or swim on the backs of their career agents imho. Their behavior would be no different than a defendant who took a plea deal acting as a double agent and feeding information from the prosecutors investigation to the defendants former partner in crime.
     
    DayTimer, Nov 30, 2018
    #4
  5. scagnt83
    Offline

    scagnt83 Worldwide Expert of Everything

    Posts:
    6,931
    Likes Received:
    444
    State:
    South Carolina
    I think your avatar sums up Ohio National very nicely.

    MassMutual will deal with Independents all day long. You can contract direct with them. Same with Guardian. Penn mutual has one of the best whole lifes on the market and it blows Ohio National away. Again, you can contract direct with them and they are very indy friendly.
     
    scagnt83, Nov 30, 2018
    #5
  6. WinoBlues
    Offline

    WinoBlues Guru

    Posts:
    18,563
    Likes Received:
    1,584
    State:
    California
    They are a solid Life company still. IMO. However, They have a captive company mentality again IMO.
     
  7. Mac1958
    Offline

    Mac1958 Guru

    Posts:
    260
    Likes Received:
    3
    Good stuff guys, thank you.
     
    Mac1958, Dec 2, 2018
    #7
Loading...