Unisex Rates with Principal are Going, Going, Gone!

Principal has made a major announcement regarding changes to the Principal Individual Disability Income insurance product (HH750) effective January 1, 2021. Gender-specific rates will be used for fully underwritten multi-life cases for healthcare-related occupation. This includes physicians, dentists, veterinarians, optometrists, and all other healthcare-related occupations. Guaranteed Standard Issue (GSI) cases will continue to be based[…]

Application Process for Long-Term Disability Insurance

Protecting your lifestyle starts with protecting your income. Disability insurance provides a solid foundation for your financial future by providing you income when you’re unable to work due to an illness or injury. Disability Insurance is more complex than other types of insurance. We recommend requesting quotes from an independent broker, who will be able[…]

Disability Insurance Product Changes

Massachusetts Unisex Rate Changes – Effective 1/1/2020 The Massachusetts Legislature passed Bill H.482, banning sex discrimination in disability insurance. This Bill will go into effect January 1, 2020. On average, women pay 23.5% more than men for disability insurance. Most insurance companies will be required to change their guidelines and will offer unisex rates for[…]

Rating Action: Moody’s downgrades Ohio National’s ratings; outlook remains negative

May 3, 2019 – Moody’s Investors Service (“Moody’s”) has downgraded the senior debt rating of Ohio National Financial Services, Inc. (Ohio National) to Baa3 from Baa2 as well as the insurance financial strength (IFS) ratings of its core subsidiaries, Ohio National Life Insurance Co. (ONLIC) and Ohio National Life Assurance Corporation (ONLAC) to A3 from A2.[…]