Ohio National 2019 Dividend
We were expecting some companies to start announcing an increase in dividend rates as interest rates have bounced from all-time lows.
However, it doesn’t look like Ohio National had positive effects from the rate increases.
Here is the announcement:
We are very pleased to announce that the Ohio National dividend interest rate factor effective January 1, 2019 for participating whole life policies issued on or after August 1, 1998 (the “open block”) will remain unchanged at 5.40 percent.
Also effective January 1, 2019, the dividend interest rate factor for participating whole life policies issued prior to August 1, 1998 (the “closed block”)1 will remain unchanged at 4.75 percent.
The unchanged 2019 dividend scales reflect our commitment to provide high value life insurance products to our participating policyholders.
We estimate that the 2019 scale will pay out more than $100 million in dividends to our policyholders, our highest level ever.
While dividends are not guaranteed, paying dividends is one of the most visible ways we deliver on our commitment. We have paid dividends each year since 1924.
Ohio National Whole Life Review
You can read our full review of Ohio National Whole Life Insurance
The fact that Ohio National only maintained their dividend doesn’t look good for the performance of their whole life product.
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