Ohio National offers new round of variable annuity buyouts

October 30, 2018 by Greg Iacurci

Ohio National Financial Services Inc. is offering buyouts to some variable-annuity customers, a move that some industy experts believe is related to a recent announcement that it would be cutting advisers’ trail commissions by the end of the year.

Around Nov. 12, Ohio National will begin offering clients the ability to surrender some variable annuities sold with a “guaranteed minimum income benefit” rider, according to a filing with the Securities and Exchange Commission.

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Originally Posted at InvestmentNews on October 29, 2018 by Greg Iacurci.