Ohio National Financial Services is adding two new products to its whole life insurance line.
The Cincinnati-based company is introducing the Prestige Value IV and Prestige 100 II policies.
(Related: Ohio National Adds Whole Life Product)
Both products can accept premium payments up until the insureds turn 100.
Consumers can add a flexible paid-up addition rider. A policyholder who adds that rider can make up to four unscheduled premium payments in any policy year, to reach the maximum allowable premium amount, Ohio National says.
A purchaser will have two years from the issue date to pay the maximum amount of flexible premium into the policy.
Ohio National writes the whole life policies through The Ohio National Life Insurance Co. and Ohio National Life Assurance Corp.
— Read Ohio National Executive to Lead MIB, on ThinkAdvisor.