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new products New Fixed Indexed Annuity Launched

Ohio National Financial Services recently introduced a new fixed- indexed annuity designed to help customers reach their long-term retirement goals.

The ONdex fixed indexed annuity, which joins the company’s annuities and retirement product portfolios, provides customers the opportunity to accumulate assets by earning tax-deferred interest, subject to limitations, based in part upon the performance of a pricing index.

The ONdex fixed indexed annuity can be a good fit for someone who is retired or close to retirement age because it provides growth opportunities without the risk of losing principal from market downturns, according to the company. It may be a good option for customers looking for a fixed income alternative.

“It is a strong addition to our annuity line of business, offering additional product breadth for accumulation and retirement planning, and is ideal for those with a conservative risk tolerance,” said Michael J. DeWeirdt, CFA, FRM, Ohio National’s senior vice president, annuities strategic business.

Highlights of the new fixed-indexed annuity include:

• Participation in market appreciation

• Two versions for clients with different retirement time horizons and liquidity needs

• A contractual minimum interest rate guarantee that ensures the contract’s value never decreases as a result of losses an index may experience

The choice of three quality indices

For more information, visit www.ohionational.com

By Frank C. Bearden, Ph.D., CLU, ChFC

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