Is Ohio National a Good Insurance Company?
Is Ohio National a good insurance company? For retirees and pre-retirees evaluating annuities for secure growth and lifetime income, Ohio National (now operating as ONICO/Ohio National Life Insurance Company entities) is often on the shortlist. At Diversified Insurance Brokers, we help clients compare Ohio National’s fixed and fixed indexed annuities against alternatives across 75+ carriers—so you see where the guarantees, income potential, and liquidity features are strongest for your situation.
Compare Ohio National vs. Other Annuity Carriers
View current fixed & fixed indexed annuity options, then request a personalized illustration.
Lifetime Income Calculator
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Company Snapshot & Focus
- Category: U.S.-regulated life insurer offering annuities and life insurance solutions for retirement income and asset protection.
- Core strengths: Principal protection, tax-deferred growth, and optional lifetime income riders on select annuities.
- Use cases: Complementing Social Security and pensions, replacing bond exposure, laddering for rate diversification, and pairing with inflation-aware income strategies.
Where Ohio National Can Fit in a Retirement Plan
Clients often consider Ohio National alongside other carriers when they want bond-like stability with better guarantees than many traditional fixed income options. Fixed annuities can serve as a conservative core holding; fixed indexed annuities add measured upside without market-loss risk—useful if you’re exploring how FIAs work and whether a GLWB could deliver lifetime income for one or two lives.
Popular Product Themes (Examples)
- Multi-Year Guaranteed Annuities (MYGAs): CD-style, multi-year fixed rates for predictable growth, tax deferral, and simple terms.
- Fixed Indexed Annuities (FIAs): Principal protection with index crediting (caps, participation, spreads) and optional income riders—see FIA basics and income-focused FIA options.
- Income Riders (GLWBs): Turn savings into guaranteed paychecks you can’t outlive; compare to SPIAs and DIAs to decide which structure aligns with your start date and liquidity needs.
Pros & Potential Trade-Offs
Pros
- Principal protection and tax-deferred compounding.
- MYGA simplicity for savers shifting from CDs/treasuries.
- FIA designs with measured upside; optional GLWBs for lifetime income.
- Useful in laddering strategies to diversify term and rate risk.
- Can coordinate with Social Security timing to build a stable income floor.
Potential Trade-Offs
- Surrender periods limit early liquidity; charges and MVAs may apply—review surrender & MVA rules.
- Indexed crediting adds complexity; actual credits vary by caps/participation rates—see crediting methods.
- Rider fees reduce accumulation; weigh GLWB costs vs. guaranteed payouts.
Who Might Consider Ohio National
- Savers replacing bonds with fixed annuities for predictable growth and tax deferral.
- Pre-retirees planning a future income date and evaluating lifetime income riders.
- Retirees coordinating benefits with portfolio withdrawal rules to mitigate sequence-of-returns risk.
Planning Example
A 64-year-old couple allocates part of their IRA to a FIA with a joint-life GLWB. They defer income for two years while claiming delayed Social Security at 66+. The annuity establishes a durable income floor, their remaining portfolio stays growth-oriented, and they preserve optionality for Roth conversion windows. If inflation is a concern, they evaluate inflation features or step-up crediting options.
How It Compares
We routinely benchmark Ohio National against multiple competitors to find the most favorable combination of guarantees, caps/pars, liquidity, and rider pricing. Sometimes Ohio National wins on structure or availability; other times another carrier’s crediting terms or income factors are stronger. The key is to compare your age, state, and timeline across a curated short list—not just headline rates. Start with today’s current annuity rates and then request a side-by-side illustration pack.
See Your Guaranteed Income Options
We’ll compare Ohio National with 75+ carriers and deliver a personalized income plan.
Additional Resources (Internal Guides)
- How a Fixed Indexed Annuity Works
- What Is a GLWB?
- Laddering Annuities
- Tax-Deferred Annuity Strategies
- Index Crediting Methods Explained
- Surrender Charges & MVA
- Social Security & Annuities
Ready for Exact Numbers?
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Related Pages
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FAQs: Is Ohio National a Good Insurance Company?
Is Ohio National financially strong enough for long-term annuity guarantees?
Ohio National is a long-standing U.S. life insurer. We always verify the current insurer financial strength ratings and specific issuing entity before placement to ensure your guarantees are backed appropriately.
What types of annuities does Ohio National offer?
Primarily fixed and fixed indexed annuities (and riders) focused on principal protection, tax-deferred growth, and options for guaranteed lifetime income.
How do Ohio National annuities compare to other carriers?
They’re competitive in select terms and rider combinations, but the best carrier depends on your age, state, timeline, desired liquidity, and whether you prioritize higher income factors or stronger accumulation caps/pars.
Can I use an IRA or 401(k) to purchase an Ohio National annuity?
Yes—qualified assets are commonly used. We’ll also show how your annuity income interacts with RMDs and Social Security timing.
What are the liquidity rules and surrender charges?
Contracts include surrender periods and may include market value adjustments (MVAs). Most allow limited penalty-free withdrawals. We’ll review exact terms and alternatives if you need more flexibility.
Do income riders have fees?
Often yes. GLWBs can carry ongoing fees that reduce accumulation values. We model rider costs versus guaranteed income to determine value for your case.
How do I know if Ohio National is right for me?
Request a side-by-side comparison. We’ll benchmark Ohio National against multiple carriers and present compliant illustrations tailored to your goals and state availability.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
