Term Life Insurance

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Company/Policy Information

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Ohio National Life Assurance Corporation

One Financial Way
Cincinnati, OH 45242

Ohio National Financial Services is the marketplace name for the affiliated company of Ohio National Life Assurance Corporation, headquartered in Cincinnati, Ohio. Originally founded as a stock company in 1909, Ohio National converted to mutual company status in 1959. In 1998, Ohio National reorganized as a mutual insurance holding company. The mutual insurance holding company is Ohio National Mutual Holdings, Inc.; the intermediate holding company is Ohio National Financial Services, Inc. Ohio National has nearly $18 billion of total assets under management; and total statutory revenue, including all premiums, investment income and deposits, grew to $ 3.2 billion, an increase of 37.7 percent over 2002.

Ohio National Life Assurance Corporation is rated:

A+ Superior by A.M. Best Company, 2nd highest of 16 ratings for financial strength and operating performance to meet ongoing obligations to policyholders (as of 01/13/2005)
A1 Good by Moody's, 5th highest of 21 ratings for financial strength (as of 10/04/1996)
These ratings are opinions of the rating agencies and are not warranties of the company’s ability to perform its financial obligations. Policy Description Term

Policy Description Term

Guaranteed level premium for 10, 15 or 20- years, annually increasing premiums to age 99. Form 92-TR-1 or state variations thereof.

Conversion Feature

Conversion is available with conversion credit during the initial premium paying period of 10, 15 or 20 years up to age 70. The policy may be converted to Virtus CV.

Available Options

Spousal Discount
Not Available

Children's Insurance Option (Additional Cost)
Children Level Term Life Insurance provides term life insurance on the dependents (children) of the basic policy insured. The issue age for the dependents is 15 days to one day prior to their 21st birthday; and the option is available when the insured is between 18 and 50 years of age. Ohio National will issue 1 to 25 units. Each unit costs $5.10 per year regardless of the number of children covered. One unit provides each child with $1000 of term life insurance expiring on the day before the child's 25th birthday or the policy anniversary nearest the insured's 65th birthday, if earlier. Availability varies by state

Accelerated Death Benefit
(Lifetime Advantage Rider)Allows for payment of an accelerated death benefit to terminally ill insureds. Available upon request and at no charge. Rider may be added at any time. Availability varies by state.

Waiver of Premium Option (Additional Cost)
Provides for continuation of insurance protection, without payment of premiums, during a period of total disability. Issue ages 18-55. Availability varies by state.

Accidental Death Benefit Option (Additional Cost)
Provides for payment of an additional death benefit amount if the insured's death is due to accidental bodily injury within 180 days from the date of the accidental injury. Benefit is available for issue ages 18-60. Benefit expires at age 70. Availability varies by state.