By The Ohio National Life Insurance Company has announced her plans to pay their policyholders dividends of $100 million in 2021. This is almost the same with what they will be paying their policyholders in 2020.
In a press release, the President and COO of Ohio National stated that the current low interest rate’s impact on dividends given adjusted investment returns that are now present in the broader market.
Ohio National Life Insurance Company is a mutual insurance company headquartered in Cincinnati, Ohio, United States. Ohio National offers life insurance and disability income insurance policies designed to help you, your family and your business achieve your financial goals.
ALSO READ:
- Aon announces funding the world’s largest capacity for intellectual property insurance policy
- Chubb Appoints Tim Stapleton as the New Executive Vice President of Financial Lines
- Chubb Estimates $1.4 Billion in Q2 Global Losses Due to the Coronavirus Pandemic
- Australia Private Health Insurance Review Finds Reforms Failed and Industry in a ‘Death Spiral’
The 2021 Ohio National New Dividend Interest Rate
4.70% is Ohio National’s 2021 new dividend interest rate for open block of whole life business while their new dividend interest rate for the closed block is 4.00%.
When compared to the dividend interest rate of 2020, there’s a clear decline of 5.20% for the open block and 4.50% for the closed block.
Ohio National Insurance has continued its legacy of paying dividends for the 97th consecutive year.
