Replacing Employer-Sponsored Life Insurance Plan with Ohio National Financial Services

See Our Reviews

By James Tobin, CFP®

Critical Takeaways

  • A.M. Best Rating :  A+
  • Term And Whole Life Offered
  • Highly Rated Permanent Products
  • Term Pricing Inconvenient To Compare

Bequest Mutual Rating


Please note Workers Bequest Life Insurance is not in any way affiliated with Ohio National Life Insurance. This article is our personal review of the term life insurance product offered through ONL as well as alternatives. If you are looking to contact Ohio National Life Insurance directly, call them at (800) 366-6654. If you are looking for a lost policy try the NAIC policy locator service.

ONL  Carrier Specifics

Policy Options

Term, Universal Life, Whole Life

Term Lengths





A+ - A.M. Best


NY Unavailable


Ultra Competitive

Customer Service

Issue Age


Min. Coverage


No Exam Option


Expert Review Of Ohio National Life Insurance Company

Jim Tobin promo

Reviewed by

Jim Tobin, CFP®

Why you can trust this review

At Workers Bequest life Insurance we value our editorial independence. We keep our reviews strictly factual so you can use them to make informed decisions. Life insurance carriers referred to on this site do not approve reviews. 

Ohio National Life Insurance is a member of the Ohio National financial services family.

This review will address company history, financial ratings, and the positives and negatives of Ohio National Life Insurance Company.

Additionally, unlike many Ohio National life Insurance reviews, it will address some specific  situations where it may make more sense to go outside the ONL family of products.

We expect that you will be able to understand what Insurance Police provides the best value for you, especially when choosing a better insurance plan compared to an Employer-Sponsored plan.

Ohio National Life Insurance Company History

Ohio National Life Insurance was formed in 1909 and has since gone on to become a successful enterprise valued at billions of dollars. The company collected over $562M in premiums in the United States, which is surprisingly below 1% of the general market.

Although the company does offer term life insurance products, ONL’s primary offerings are its whole life insurance products, which are its most popular policies.

It has been able to achieve a similar level of success with its annuity products as well.

The company offers convertible term insurance policies, which allow customers to convert their policies into whole life insurance policies. As a result, the pricing terms for its term life insurance policies are surprisingly competitive.

Ohio National Life Insurance Company Ratings

ONL has been awarded excellent ratings for the financial stability of its products, indicating that it is capable of financing all its obligations without any issues. It has received the following ratings from these agencies:

  • ONL has a Comdex score of 87/100
  • ONL has been awarded an A1 or Excellent rating by Moody’s.
  • ONL has been awarded an A+ or Strong rating by S&P Ratings.
  • ONL has been awarded an A+ or Superior rating by A.M. Best.

Ohio National Life Term Insurance 

ONL offers many traditional term life insurance policies whose term periods range between 10, 15, and 20 years respectively. The benefits are also similar to that of the products offered by the best life insurance companies.

The company’s ‘flex’ term insurance policies enjoy certain conversion privileges, which allow these policies to be converted into the permanent insurance products offered by ONL. However, the terms for such conversion may vary from policy to policy.

Although most insurance carriers do allow conversions, ONL has set itself apart by allowing customers to opt into an industry-leading whole life insurance product, which is a rarity.’

Other ONL Products

Apart from its term life products, you can also purchase ONL’s flagship whole life insurance and universal life insurance products.

The company has a reliable dividend history and is reputed for its flexible PUA riders (Paid Up Addition). As a matter of fact, the company’s whole life products offer benefits that are at par to those offered by leading whole life insurance carriers.

The company also offers traditional and indexed universal life insurance and annuity products as well.

Ohio National Life Insurance Term Rates and Quotes

You can purchase ONL’s insurance products either through independent brokers or from the company’s agents.

Since most independent brokers don’t yet offer ONL products, the only way to obtain a reliable insurance quote is by using the Ohio National Life Insurance website where you can contact a company agent.

After you’ve been issued a quote, you can use our nifty quote tool available on this website and weigh it against quotes issued by major insurance carriers.

Are Ohio National Life Insurance Rates Competitive?

While their rates are mostly on the lower side, not all their policies have similar terms.

Since ONL premium quotes cannot be gathered from an insurance comparison quote tool, it’s difficult to make an accurate comparison.

However, our experience tells us that firms that don’t reveal their insurance premium details in public are often not the price leaders of the market.

Price busters such as Lincoln, Protective, and Banner Life are less expensive. An impaired risk insurance carrier like Prudential will only cost a bit more than the aforementioned companies.

Cases where Ohio National is not a great choice

Although you may find ONL’s rates to be highly competitive compared to other carriers in most cases, you should also remember that different insurance carriers have different risk appetites for certain health conditions.

It’s highly unlikely that ONL’s policies offer competitive premium prices for all health conditions.’

If you’re suffering from a specific health condition, consider consulting an independent agent who can help you find the insurance carrier with the best terms, policies, and rates for your needs.

But if you’re also using ONL’s services for other purposes, you may be able to derive more benefits by keeping your insurance instruments under one company.

Ohio National Suicide Exclusions

The US has a 2-year suicide exclusion clause for life insurance policies, though this may be reduced to 1 year in certain states.   

Ohio National Insurance Customer Service

The National Association of Insurance Commissioners reports a 2018 complaint index of .00 for ONL. This is well below the national average of 1 percent.

Additionally, while Ohio National Life Insurance is not rated by JD Power & Assoc., it has a BBB rating of A+.

Ohio National Life Insurance Contact Info:

Address: One Financial Way
Cincinnati, OH 45242

Phone:(800) 366-6654


The Ohio National Life Insurance Review Final Verdict

Is Ohio National Life Insurance Company right for you?It really all depends on your situation.

 If you have notable health impairment(s), you will likely be better suited by shopping around on the open market where it is convenient to make apples to apple comparisons. 

Moreover, having the use of an independent expert who can send your application to a carrier that is likely to view you in the best possible light has value that Ohio National  can't offer.

However, if you happy with other services being being provided by Ohio National  and in good health, it may be convenient to keep things "in house".

Finally, we are glad about the efforts you've made on checking out for a better upgrade for your Employer Sponsored Life Insurance Plan and finally decided on Workers Bequest. We are committed to a totally transparent process (we'll even share our computer screen with you if you'd like), and making the application process as painless as possible.

Simply give us a call or send us an email so we can get you started. If you have any questions, We'd also like to hear them.

The Time to get covered is now!...

See Just How Easy Buying Life Insurance Can Be....

Compare Accurate Life Insurance Rates In Just Seconds.