This is the least expensive variable annuity we’ve found that offers a living income benefit and contains a guaranteed roll-up death benefit
NEW YORK (PRWEB) April 3, 2006
Annuity FYI, a consumer resource for learning about and comparing annuity products, has named Ohio National’s ONcore Value with the 6 percent dollar-for-dollar Guaranteed Minimum Income Benefit (GMIB) living benefit rider as its Featured Variable Annuity.
“This is the least expensive variable annuity we’ve found that offers a living income benefit and contains a guaranteed roll-up death benefit,” said Thomas Hamlin, CEO of Burgess Wever, Annuity FYI’s parent company. “And the living income benefit and death benefit are second to none in the industry.”
The GMIB allows investors to participate in the market while providing the comfort of monthly payments through optional systematic withdrawals. The GMIB provides income protection by guaranteeing a minimum 6 percent growth rate on the investment (for investors under the age of 75), regardless of market performance as an income benefit. It also provides downside protection in a declining market by locking in the highest contract anniversary date value, allowing investors to capture and preserve any actual investment growth when the annuity is converted to monthly income. Ohio National’s Value has a low 0.90 percent Mortality and Risk and Administrative (MEA) charge.
“For investors who do not need current income, the 6 percent guarantee will compound until income payments are taken,” said Hamlin. “For example, a $100,000 investment is guaranteed to grow to $179,084 in 10 years, assuming no withdrawals, and irrespective of market performance. At that time, the investor could take out $895 per month without touching the $179,084, which could be annuitized in the future, even if the account value dropped to as low as $5,000.”
ABOUT ANNUITY FYI
Annuity FYI is a free resource for learning about, comparing, and selecting the best annuity products on the market. Annuity FYI regularly reviews the fixed and variable annuities on the market (approximately 15,000 of them) and presents on AnnuityFYI.com those that are most competitive and worthy of investment consideration. Annuity FYI also makes Annuity Experts available to individual investors and financial professionals toll-free to answer questions about annuities at 877 520-2800. Annuity FYI reminds investors that variable annuities, and some fixed annuities, are generally considered long term investments, sold by prospectus only, and available from your financial professional. Before investing or sending money, investors should carefully consider the investment objectives, risks, charges and expenses of the variable annuity (and certain fixed annuities) and its underlying investment options. The current contract prospectus and underlying fund prospectuses, which are contained in the same document, provide this and other important information and should be read carefully. Contact Annuity FYI at 877 520-2800 for a free, no-obligation investor’s kit, which includes a current prospectus.
ONcore variable annuities are issued by The Ohio National Life Insurance Company and distributed by Ohio National Equities, Inc., Member NASD/SIPC.
For more information, please contact Sarah Blackmon at Annuity FYI / Burgess Wever toll-free at 877 520-2800.
# # #