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Ohio National Files Exchange Program Targeting Vintage GMIBs

Steven D. McDonnell

Over the past five years we have seen a number of insurers offer incentives to clients to cash out of their variable annuity benefits as a risk reduction measure. However late last week Ohio National filed something we hadn’t seen before: a program that will encourage clients to trade in their variable annuity with a living benefit for a fixed-index annuity – also with a living benefit...

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