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Indexed Universal Life

Virtus IUL II

What makes an IUL competitive? It’s not as simple as comparing illustrated cash values.

It’s easy to illustrate higher returns in an indexed universal life (IUL) product if you pass more risk and expense onto your policyholder. But that’s never how Ohio National has defined product value. We stay true to our mutual principles with Virtus IUL II — an IUL that balances strong accumulation potential with robust protection, and charges among the lowest expenses in the industry.

Virtus IUL II offers:

  • Four diverse Index Accounts and a competitive Fixed Account
  • Guaranteed 30 basis point bonus interest crediting starting policy year 11
  • Low fees and expenses, which help the product perform well in different environments
  • A true 0% floor on Index Accounts
  • Up to a 20-year No Lapse Guarantee
  • Minimum 2% Account Value True-Up starting policy year 6

Flexibility through two loans options:

  • Indexed loans allow cash value to remain in in the index accounts, which may earn higher interest than the loan's variable interest rate charges
  • Standard loans have guaranteed "wash loan" provision starting in policy year 11
  • Can switch between loan options as frequently as every 12 months

Other features and riders

  • Accelerated Benefit Rider (ABR)
  • Overloan Protection Rider
  • Automatic Transfer/Dollar Cost Averaging
  • Guaranteed Purchase Option (GPO) Rider
  • Waiver of Premium for Total Disability (WPD) Rider (5-year Own Occupation)
  • Children’s Term Life Insurance Rider
  • Additional Insured Term Rider


Indexed universal life insurance is issued by Ohio National Life Assurance Corporation. Product, product features, and rider availability vary by state. Guarantees are based on the claims paying ability of the issuer. Issuer not licensed to conduct business in NY.