Ohio National Life Insurance Company Review 2020

by Jim Tobin, CFP

Company Highlights

  • A.M. Best Rating :  A+
  • Term and Whole Life Offered
  • Highly Rated Permanent Products  
  • Term Pricing Inconvenient to Compare
oHIO nATIONAL LIFE INSURANCE REVIEWS

Life Insurance Help Desk Rating

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  it will address some specific  situations where it may make more sense to go outside the ONL family of products. 

The goal is to make sure that you get the policy that provides you the most value.

Ohio National Life Insurance Company History

Founded in 1909  Ohio National Life Insurance has grown to be part of a multi- Billion dollar enterprise. Ohio National Life Insurance itself, accounts for approximately $562,000,000 a year in US premiums or less than 1 % of the overall market.  

While the carrier offers term life insurance (the focus of this site), ONL's   primary focus in the life insurance market has been whole life insurance. 

The success in the cash value life insurance world has evolved into annuity sales as well.

That said, Ohio National l understands that convertible term insurance is inventory for whole life conversions and prices term accordingly.

Ohio National Life Insurance Company Ratings


 Ohio National Life Insurance received strong ratings for financial stability. This indicates that the company is in strong position to meet its obligations going forward.  


  1. A.M. Best Company:  ONL Insurance rating given by A.M. Best was an A+ (Superior).
  2. Moody's Ratings:  ONLInsurance  rating given by Moody's was an A1 (Excellent). 
  3. S&P Ratings- ONL Insurance rating given by Moody's was an A+ (Strong).
  4. Comdex Score- 87/100

Ohio National Life Term Insurance 

Ohio National  offers traditional term life insurance. The policies offered are 10,15, and 20  year terms like many of the best life insurance companies.   

Ohio National  "flex" term policies have conversion privileges to Ohio National Life Insurance permanent products. Note that conversion privileges are policy specific.

While most carriers offer conversions, Ohio National is a little special in that the conversion is to a market leading whole life product. 

Other ONL Products

In addition to it's term life insurance product, Ohio National Life Insurance also offers  Universal life insurance and it's flagship whole life insurance products

Ohio National  is known for flexible paid up addition (PUA) riders and strong dividend history. In fact Ohio National  whole life product is often compared favorably to the best known whole life carriers in the marketplace.  

Additionally, Ohio National offers both indexed and traditional universal life products and is a participant in the annuity marketplace.

Ohio National Life Insurance Term Rates and Quotes

Ohio National Life Insurance  markets it's products through ONL agents and through some Independent brokers.  

Because ONL Life Insurance is not carried by most independents at this time , you can go to the the Ohio National  Life Insurance site and contact an agent to get a quote.

Once you obtain a quote, you can  compare with the major carriers quotes that are available by using the convenient quote tool on this site.   

Are Ohio National Life Insurance rates competitive?

Generally yes....but not always.

Probably not the answer you were looking for, I know. It is however, the truth. 

Because Ohio National  Life Insurance is often not available in comparison quoters, it is difficult to make apples to apples comparisons.  

While it has been our experience that companies (even good ones like ONL), that are not conveniently comparable with other carriers are seldom the price leaders. 

Price busters, like Banner Life, Protective and Lincoln are likely to be  less expensive. Whereas impaired risk carriers like Prudential may be a little  more.

Cases where Ohio National is not a great choice

While ONL may be competitive with major carriers for many (even most) circumstances,  the fact remains that different carriers have differing appetites for specific health risks. 

Is Ohio National Life Insurance competitive on all of them? Not likely. 

If you have a specific condition, you are best off speaking with an independent agent to find out which carrier will give you the best chance to get approved at a great rate.  

That being said, if you are using Ohio National Life Insurance for other financial services, like annuities,  it may make sense to keep everything in house.   

Ohio National Suicide Exclusions

The 2 year suicide clause that is part of all life insurance policies in the United States, is the same. (Note that a few states use a 1 year exclusion)  

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

Web:https://www.ohionational.com

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".  

Thank you for choosing the Life Insurance Help Desk to shop for life insurance.

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James P. Tobin, CFP