Choose Portfolio Options

Ohio National’s retirement plan products offer a selection of many diversified and professionally managed variable portfolios. To help you diversify, several asset allocation strategies are available, including an allocation process allowing you to select and diversify among individual portfolios and/or easy-to-use target-date portfolios and risk-based asset allocation portfolios that are already diversified for you. The portfolio options that are selected should reflect your personal financial objectives and risk tolerance.

Selecting Your Own Asset Allocation
Before selecting portfolios, first complete the Risk Profile Questionnaire to assist you in determining your comfort level with fluctuations in the value of your investments. Total up the points for all questions and your score will indicate your investor profile as:

Conservative, Moderately Conservative, Balanced, Moderately Aggressive or Aggressive.

* Not available in all products. Please contact your local Ohio National financial professional for information on availability.

American Century Investment Services, Inc. has entered into an agreement with the Lance Armstrong Foundation (LAF) for rights to use the LIVESTRONG name. LIVESTRONG is a trademark of the Lance Armstrong Foundation. For more information about the Foundation, visit www.livestrong.org.

American Century Asset Allocation Portfolios, Inc.’s LIVESTRONG Portfolios are managed by American Century Investment Management, Inc.

The performance of the portfolios is dependent on the performance of their underlying American Century funds, and will assume the risks associated with these funds. The risks will vary according to each portfolio’s asset allocation, and a fund with a later target date is expected to be more volatile than one with an earlier target date. Diversification does not assure a profit or protect against a loss in a declining market.

©2008 American Century Proprietary Holdings, Inc. All rights reserved. The American Century Investments logo, American Century and American Century Investments are service marks of American Century Proprietary Holdings, Inc.

Ibbotson ETF Allocation Series Portfolios are subadvised by ALPS Advisers, Inc. and distributed by ALPS Distributors, Inc.

When the Ibbotson® ETF asset allocation portfolios invest in underlying ETFs, each will indirectly bear its proportionate share of any fees and expenses payable directly by the underlying ETF. Therefore, the portfolios will incur higher expenses, many of which may be duplicative. In addition, the market price of the underlying ETF's shares may trade above or below its net asset value and an active trading market for an underlying ETF's shares may not develop or be maintained.

The Portfolio allocates investments among multiple ETF asset classes including: U.S.equity, fixed income, real estate and international ETFs. The stocks of smaller companies may be subject to above-average market-price fluctuations. There are specific risks associated with international investing, such as currency fluctuations, foreign taxation, differences in financial reporting practices and rapid changes in political and economic conditions. Real estate investments may be subject to specific risks, such as risks related to general and local economic conditions and risks related to individual properties. Fixed income securities are subject to interest rate risk, prepayment risk and market risk.

Asset allocation does not ensure a profit or protect against loss in a declining market.

Group variable annuities are issued by The Ohio National Life Insurance Company. Product availability varies by state. Issuer not licensed to conduct business and products not distributed in AK, HI or NY.

With respect to non-registered group variable annuities, your representative can provide you with a participant disclosure form for more complete information about the contract.

Group variable annuities are long-term investment vehicles designed to accumulate money on a tax-deferred basis for retirement purposes. Premature distributions may be subject to withdrawal charges or a market value adjustment. Distributions may also be subject to ordinary income tax and, if taken prior to age 59½, a 10 percent federal tax penalty may apply. Upon retirement, group variable annuities may pay out an income stream of a series of payments or a lump sum. If you die during the accumulation or payout phase, your beneficiary may be eligible to receive any remaining account value.

There is no additional tax-deferral benefit for annuities purchased in a tax-qualified plan, which is already afforded tax-deferred status. An annuity should only be purchased in a qualified plan if you value some of the other features of the annuity and are willing to incur any additional costs associated with the annuity.

As with any investment, investing in variable portfolios involves risk, including possible loss of principal.