Ohio National Exits the Annuity Business
Ohio National Mutual Holdings, Inc. (ONMH) announced in September 2018 that it will cease offering annuities and retirement plans (group annuities), and will focus its business efforts on its “core” businesses of individual life and disability insurance. This comes after Ohio National’s offer earlier this year whereby certain variable annuity policyholders had the opportunity to transition from their variable annuity products to indexed annuities.