Fixed index annuity review and rates

ONdex Annuity 7

Ohio National is pleased to introduce the ONdex Annuity, a single premium fixed indexed annuity product designed for clients who are: 
  • At or nearing retirement 
  • Concerned about market losses and sudden swings 
  • Looking for a growth opportunity higher than CDs and other fixed investments on the assets they can’t afford to lose 
Available in states: AL, AZ, AR, CA, CO, CT, DE, DC, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.25% Fixed
1-Year Russell 2000 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
6.8% Cap
1-Year Barclays Global Trailblazer PTP Participation Rate
Point to Point
Annual
100% Participation
3-Year Barclays Global Trailblazer PTP Participation Rate
Point to Point
Triennial
130% Participation
1-Year S&P 500 PTP Higher Cap with 50% Participation Rate
Point to Point
Annual
50% Participation
9.75% Cap
1-Year S&P 500 PTP Cap with 100% Participation Rate
Point to Point
Annual
100% Participation
7.35% Cap
1-Year Fixed Account
Fixed
3.55% Fixed
1-Year Russell 2000 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
7.8% Cap
1-Year Barclays Global Trailblazer PTP Participation Rate
Point to Point
Annual
115% Participation
3-Year Barclays Global Trailblazer PTP Participation Rate
Point to Point
Triennial
150% Participation
1-Year S&P 500 PTP Higher Cap with 50% Participation Rate
Point to Point
Annual
50% Participation
10.75% Cap
1-Year S&P 500 PTP Cap with 100% Participation Rate
Point to Point
Annual
100% Participation
8% Cap

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 8% 7% 6% 5% 4% 3%

Riders

Name Inbuilt Fee
ONdex Ion GLWB Rider (Age: 50-59) No 1.15% annually (2.50% max)
ONdex Ion GLWB Rider (Age: 60-69) No 0.95% annually (2.50% max)
ONdex Ion GLWB Rider (Age: 70-80) No 0.75% annually (2.50% max)
The Ohio National Life Insurance Company
Founded: 1909
A.M. Best: A
Fitch: A-
S&P: A
Moody's: A3
Carrier details
Free withdrawal
10%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
$15,000
Types of funds
Non-Qualified, 401k, IRA, IRA Transfer, Inherited IRA, and TSP