Trade’s first listed complete life insurance coverage product

Groundbreaking product solely accessible from Ohio Nationwide

Listed complete life insurance coverage affords the steadiness and ensures of conventional complete life — however with index-based development alternatives

New product best for customers on the lookout for safety and asset development via market-based returns with accompanying draw back safety

CINCINNATI, Sept. 06, 2022 (GLOBE NEWSWIRE) — Within the life insurance coverage business, one thing completely new comes alongside solely as soon as in a terrific whereas. Sport changers are uncommon, and that is certainly one of them. Ohio Nationwide Monetary Companies, Inc. proudly proclaims the primary and solely listed complete life insurance coverage product, offering what no different life coverage can: assured safety, stability and index-based development potential.

Listed complete life from Ohio Nationwide gives a lifelong demise profit and money accumulation assure, together with fastened premiums no matter modifications in well being. These options have served generations of policyholders within the firm’s conventional complete life merchandise. With new listed complete life, clients can get related ensures — plus the chance to develop money worth in relation to inventory market indexes such because the S&P 500® and Russell 2000®. Listed-based allocation choices supply vital development potential, however as a result of funds will not be invested straight available in the market, there is no such thing as a threat of loss due solely to market efficiency.

The money worth may be accessed through the insured’s lifetime, typically on a tax-preferred foundation, for nearly any function, from supplementing retirement earnings to beginning a enterprise.

“Our new listed complete life product is a crucial breakthrough for Ohio Nationwide and the monetary professionals who promote our merchandise,” mentioned Karl Kreunen, vice chairman of product advertising and marketing. “We’re thrilled to supply them a novel software to assist their shoppers attain their monetary objectives.”

“This product is one thing monetary professionals can’t discover wherever else,” added Pat McEvoy, senior vice chairman of life distribution and gross sales. “We’re keen about serving to them develop shopper relationships and construct their companies with the addition of listed complete life to their portfolios.”

Ohio Nationwide’s debut listed complete life product, Status Listed 10 Pay, options 10 years of fastened premium funds and is at the moment accessible via impartial monetary professionals in all states besides CA and NY. Product advertising and marketing data for monetary professionals is accessible at iwl4life.com.

^{Listed complete life insurance coverage is issued by Ohio Nationwide Life Assurance Company. Ensures are based mostly upon the claims-paying means of the issuer. Coverage, coverage options and rider availability differ by state. Issuer not licensed to conduct enterprise in NY. Listed complete life insurance coverage not accessible in CA.}

^{The listed complete life coverage affords a number of index-linked curiosity choices. Curiosity is calculated based mostly on the motion of market indexes, topic to relevant caps, spreads and participation charges. The money worth of the coverage should decline because of the deduction of value of insurance coverage and expense expenses.}

^{Money worth could also be accessed on a tax-preferred foundation via coverage loans and withdrawals. If coverage loans are taken and the coverage lapses, a taxable occasion could happen. Withdrawals (partial surrenders) and loans from life insurance coverage insurance policies labeled as modified endowment contracts could also be topic to tax on the time the withdrawal or mortgage is taken and, if taken previous to age 59½, a ten% federal tax penalty could apply. Withdrawals and loans scale back the demise profit and money give up worth.}

^{The S&P 500® Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed to be used by Ohio Nationwide Life Assurance Company. Customary & Poor’s® , S&P® and S&P 500® are registered logos of Customary & Poor’s Monetary Companies LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these logos have been licensed to be used by SPDJI and sublicensed for sure functions by Ohio Nationwide Life Assurance Company.}

^{Ohio Nationwide Life Assurance Company‘s Status listed complete life insurance coverage shouldn’t be sponsored, endorsed, bought or promoted by SPDJI, Dow Jones, S&P, their respective associates, and none of such events make any illustration concerning the advisability of investing in such product(s) nor have they got any legal responsibility for any errors, omissions, or interruptions of the S&P 500® Index.}

^{Russell 2000® Index is an fairness index that measures the efficiency of the two,000 smallest corporations within the Russell 3000® Index, which is made up of three,000 of the most important U.S. shares. The Russell 2000® is constructed to supply a complete and unbiased small-cap barometer and is totally reconstituted yearly to make sure bigger shares don’t have an effect on the efficiency and traits of the true small-cap index.}

^{The Russell 2000® is a trademark of Russell Investments and has been licensed to be used by Ohio Nationwide Life Assurance Company. The product shouldn’t be sponsored, endorsed, bought or promoted by Russell Investments and Russell Investments makes no illustration concerning the advisability of investing within the product.}

About Ohio Nationwide

Since 1909, Ohio Nationwide has been dedicated to serving to people, households and companies defend what issues most. By our community of economic professionals throughout 49 states (all besides New York), the District of Columbia and Puerto Rico and thru affiliated operations in South America, we offer the insurance coverage merchandise that assist our policyholders obtain monetary safety and independence. As of December 31, 2021, its affiliated corporations have $40.8 billion complete property underneath administration. Merchandise are issued by The Ohio Nationwide Life Insurance coverage Firm and Ohio Nationwide Life Assurance Company. Acknowledged as a Chief in Office Fairness by Ellequate. Please discover ohionational.com for extra data and for the newest firm updates, join with Ohio Nationwide on LinkedIn, Fb and YouTube.

Contact: John Diether
513.794.6073
[email protected]