Guaranteed Lifetime Withdrawal Benefit Rider

Income You Can’t Outlivewith 8% Annual Growth Opportunities Available

NOT A DEPOSIT NOT FDIC INSURED NOT GUARANTEED BY ANY BANKNOT INSURED BY ANY GOVERNMENT AGENCY MAY LOSE VALUE

Plan Accumulate Access

ProtectSafeguard your investment and guarantee your

payments.

ProtectSafeguard your investment and guarantee your

payments.

Guarantees are based upon the claims-paying ability of The Ohio National Life Insurance Company, and do not apply to the investment performance or account value of the underlying variable portfolios.

Protecting Your Income Now and Later

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If you’re like many investors, making sure you have enough money to enjoy your retirement, not just survive it, is one of your primary concerns.

But with traditional pensions vanishing, a Social Security system in jeopardy, extreme market volatility and people living in retirement for thirty years or more, figuring out how to protect your retirement income to ensure it will last throughout your entire retirement can be a daunting task.

YouR SoLution: include an optional Guaranteed Lifetime Withdrawal Benefit Rider with your oncore variable annuity.

NOT A DEPOSIT NOT FDIC INSUREDNOT GUARANTEED BY ANY BANK MAY LOSE VALUE

NOT INSURED BY ANY GOVERNMENT AGENCY

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Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider Highlights

Single and Joint Life Versions

Guarantees income for the rest of your life or for your life and the life of your spouse

8% Annual Growth Opportunities

Guaranteed 8% increase each year in which no withdrawals are taken

200% Credit Opportunity

Guaranteed to double first year purchase payments if no withdrawals have been taken as of the tenth anniversary

Guaranteed Withdrawals

Guaranteed ability to withdraw a set percentage of your rider’s withdrawal base each year based on your age at the time of your first withdrawal or subsequent to a reset.*

Age Income %

59½- 64 4%

65-74 5%

75-79 5.5%

80-84 6%

85+ 6.5%

* Annuitant’s age for the single life version or the age of the Youngest Participating Spouse for the joint life version

GLWB Base: This is the amount used to determine your annual withdrawals. It is equal to the greater of your Annual Credit GLWB Base or Step-Up GLWB Base. This is also referred to as your withdrawal base. NOTE: Your GLWB Base is not available as a cash option at any time.

Step-Up GLWB Base: This base captures any gains in your contract on each anniversary if your then-current Contract Value exceeds your then-current GLWB Base.

Annual Credit GLWB Base: If no withdrawals have occurred within the last 12 months, the Annual Credit GLWB Base equals your current GLWB Base increased by 8% of your Annual Credit Calculation Base. The Annual Credit Calculation Base equals your GLWB Base as of the beginning of the Annual Credit Period (see next page) adjusted for any purchase payments or excess withdrawals.

8% Annual Credit: Provides for an 8% simple interest credit to your GLWB Base for each of the first ten years the GLWB is in effect, provided you take no withdrawals. This is also referred to as an 8% increase.

Annual Credit Period: This is the period during which you’re eligible to receive an additional 8% credit to your withdrawal base for each year in which you don’t take any withdrawals. The initial Annual Credit Period begins when the Rider is issued, and lasts until the Rider’s 10th anniversary. If your GLWB Base is increased to your Step-Up GLWB Base on an anniversary, you’ll start a new Annual Credit Period.

Maximum Annual Withdrawal: This is the amount you may withdraw each year without reducing your benefit base. Equals a percentage of your current GLWB Base. Withdrawals within a contract year that exceed this amount will negatively impact your GLWB Base and future withdrawals. Also referred to as your allowed withdrawal amount.

Key Definitions

Key Benefits of the GLWB Rider

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8% Annual Growth Opportunitiesn For each of the first ten years in which you don’t take

any withdrawals, Ohio National will add 8% of your original purchase payments to your withdrawal base. This amounts to a $40,000 credit each year in the example to the right.

n You’re eligible for the 8% annual credit even if you’ve taken withdrawals in previous years, so you can start or stop withdrawals as your income needs demand.

200% Deferral Creditn If you don’t take any withdrawals, on the rider’s tenth

anniversary we’ll double your total first-year purchase payments.

n We’ll also add in any additional purchase payments you’ve made in years 2 through 10, and the 8% credits received on those purchase payments. If that total is higher than your current withdrawal base, including any annual credits you received, it will become your new withdrawal base.

Lifetime Protectionn If your Contract Value is ever reduced to $0, as long

as it isn’t reduced to $0 by an excess withdrawal, you’ll continue to receive income for the rest of your life.

n In the example at the right at age 72, you’d receive lifetime payments of $50,000 (5% of your $1,000,000 withdrawal base amount) annually.

n If your Contract Value is higher than your withdrawal base on an anniversary, your withdrawal base will step up to the higher amount, capturing your contract gains. In the example to the right, you didn’t take a withdrawal in the first year, so you’d be eligible for an 8% increase, and your withdrawal base would increase to $540,000. However, your Contract Value is over $546,000, so your withdrawal base would step up to this higher amount instead.

n Each time you get a Step-Up, you’ll start a new ten-year period for 8% annual increase opportunities. Your 8% growth will be based on the new, higher amount. For example, at age 64, your 8% increase is equal to $43,699 annually, or 8 percent of the stepped-up with-drawal base amount of $546,232. The two amounts added together become your new withdrawal base amount of $589,931.

n After starting withdrawals, if you receive a step-up, the amount you can withdraw each year will auto-matically increase. When you begin withdrawals, you receive $32,956 annually, which is equal to the 5% you’re able to withdraw from your $659,113 withdrawal base. The step-ups at ages 68 and 69 in-crease the amounts of your 5% annual withdrawals to $33,414 and $34,772 respectively.

n If your withdrawal base steps up after you’ve entered a higher withdrawal age bracket, withdrawals will be based on the higher percentage. When your with-drawal base steps up to $724,628, you’re 76 and, thanks to the step-up, allowed to withdraw 5.5% of the withdrawal base instead. This works out to $39,855 each year.

Guaranteed Lifetime Withdrawal Benefit Growth

Annual Step-up Contract Gains

Income means: (1) during the accumulation phase, the amount you withdraw from your annuity in a contract year (2) during the annuitization phase, the amount you receive in annuity payments each year.

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(This example assumes no withdrawals)

Charts assume ONcore Value variable annuity issued for a 60-year old male annuitant. Assume no dollar-cost averaging or additional purchase payments made. The Contract Values shown are at the beginning of the contract year and have been reduced by 0.95% GLWB Rider (Single Life) charges, 0.90% Mortality and Expense Risk and Administration Expense Charges (M&E Charges) and the weighted average underlying fund operating expenses as of the last fiscal year of 0.96% (Portfolio Expenses), but do not include a $30 Annual Contract Administration Charge for Contract Values less than $50,000. Net returns may vary in conjunction with fluctuating Contract Value and rider benefit base amounts. These hypothetical illustrations may not be used to predict or project investment results.

* Withdrawals are assumed to take place at the end of each contract year. The GLWB Base is not available as a cash option at any time.

the two charts on

this page illustrate

how the GLWB Rider

Withdrawal Base will

increase not only

in an up market

(bottom), but also in

a down market (top).

Contract Value Contract Value with hypothetical 0.00% gross average annual growth (-2.81% net)

Hypothetical overall average rate of return (9.84% gross, 7.03% net)

Withdrawal Base

8% Annual CreditStep-Up Annual Withdrawal*

1,000,000

800,000

600,000

400,000

200,000

Age 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77

$500,000 InitialPurchase Payment

$546,232$589,931

$659,113 $668,284$695,432 $724,628

$32,956begin 5% withdrawal

$33,4145% withdrawal

$39,855begin 5.5%withdrawal

$34,7725% withdrawal

1,000,000

800,000

600,000

400,000

200,000

Age

Contract Value 200% Deferral CreditWithdrawal Base 8% Annual Credit

$500,000 InitialPurchase Payment

$1,000,000

63 64 65 66 67 68 69 70 71 72

$540,000$580,000

$860,000

8% annual grow

th

Spousal ProtectionThe GLWB Riders can be purchased as protection for the annuitant, or the annuitant and a spouse. The GLWB Rider (Joint Life) is available to two participating spouses who are legally married at the time the rider is added. The two participating spouses must be either joint owners and one must be the annuitant, or one participating spouse must be the owner and annuitant and the other must be the sole beneficiary.

With joint protection, you and your spouse will be able to make annual withdrawals up to your allowed annual withdrawal amount, based upon the age of the younger spouse. Upon your death, your spouse will become the sole annuitant, and will be able to continue the contract with the GLWB Rider. The withdrawal base at that time will be equal to the greater of the current Contract Value or withdrawal base.

If you choose the single life version, your spouse must be the sole beneficiary to continue the contract and Rider. Under the GLWB Rider (Single Life), if you die before you begin taking withdrawals, your spouse’s withdrawal base will be equal to the greater of the current Contract Value or withdrawal base. However, if you die after you have begun taking withdrawals, your spouse’s withdrawal base will be equal to the current Contract Value. In either situation, your spouse can elect to receive the current death benefit amount instead of continuing the contract and Rider.

Please note that legally married same-sex couples and civil union partners may encounter adverse tax consequences as a result of withdrawals or other transactions upon the death of the first spouse or partner. Consult with your tax adviser before purchasing this Rider, especially the joint life version, which may be inappropriate and/or unavailable for legally married same-sex couples or civil union partners.

Additional Benefits and information

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Required Minimum Distribution (RMD) WithdrawalsIf you’re using a qualified investment such as an IRA to fund your ONcore variable annuity, it may be necessary to take withdrawals known as RMDs from your variable annuity when you reach 70½. As long as the youngest participating spouse is at least 59½, you’ll be able to take your RMD amount based on this contract without negatively affecting your withdrawal base, even if this amount exceeds the amount you’d be allowed to withdraw annually under other circumstances.

The RMD amount based on your ONcore contract will not be calculated until December 31 of each calendar year. As a result, you will not be eligible to receive RMD treatment under this Rider for the remainder of the first calendar year in which the Rider is purchased. Under such circumstances, any RMD withdrawals taken exceeding the MAW Amount for the then-current contract year would be considered excess withdrawals and negatively affect the GLWB Base. Therefore, if you are required to take a RMD in the current calendar year, you may wish to do so before purchasing this Rider.

Optional Death Benefit FlexibilityThe GLWB Riders may be purchased in conjunction with either the Premium Protection, Premium Protection Plus or Annual Step-Up Death Benefit Riders. Please see your prospectus or contact your Registered Representative for additional information.

Guaranteed Lifetime Withdrawal Benefit (GLWB) Riders

to have guaranteed access to lifetime withdrawals

the ability to take advantage of market gains to outpace inflation

You need:

Either Rider provides, subject to certain conditions, a guaranteed amount that can be withdrawn each Contract Year, regardless of Contract Value, until the earlier of the Annuitant’s death or the Rider’s termination. The Guaranteed Lifetime Withdrawal Benefit will be paid even if receipt of the benefit would reduce the Contract Value below the minimum amount required to keep the contract effective.

Excess withdrawals will reduce the GLWB Base by the greater of a pro-rata reduction or the amount of the excess withdrawal.

Feesn Single Life: 0.95% of the Guaranteed Lifetime

Withdrawal Benefit Base at contract anniversary

n Joint Life: 1.20% of the Guaranteed Lifetime Withdrawal Benefit Base at contract anniversary

Credits n 8% Annual Credits available

n 200% Deferral Credit available if no withdrawals are taken during the first ten years

Investment OptionsWhile you hold the GLWB Rider, your purchase payments must be allocated to one of the following:

n One of the currently-eligible Asset Allocation Models; or

n To individual variable portfolios, in accordance with the percentage restrictions as designated.

In addition to the options above, you may allocate your purchase payments to one of our DCA accounts (if available), from which they will be transferred in accordance with one of the options listed above.

If you allocate your purchase payments to individual portfolios, each quarter we will automatically rebalance the amount in each variable portfolio based on your rebalance instructions. Similarly, if you allocate your purchase payments to an Asset Allocation Model, the contract values in each Model will be rebalanced quarterly to maintain the mix of investments established for the chosen Model.

Riders at a Glance

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The annual expense for the entire ONcore Variable Annuities product line (without optional added benefits) ranges from 0.65% to 1.70%. Product availability varies by broker/dealer. See individual product prospectuses for specific per-product fees. Rider fees are deducted on each contract anniversary.

This material is intended to be a summary of the Guaranteed Lifetime Withdrawal Benefit Riders available with an ONcore variable annuity. It is not comprehensive. This brochure must be preceded or accompanied by prospectuses and the ONcore Variable Annuity Sales Brochure (Form 9201).

Variable annuities are sold by prospectuses, which contain more complete information including fees, surrender charges and other costs that may apply. As with any investment, investing in variable portfolios involves risk, including possible loss of principal. Past performance is not a guarantee of future results.

Contact your registered representative or visit www.ohionational.com/fundinfo to obtain current prospectuses. Please read the product and fund prospectuses carefully before you invest or send money. Investors should consider the investment objectives, strategies, risk factors and charges and expenses of the underlying variable portfolios carefully before investing. The fund prospectus contains this and other information about the underlying variable portfolios.

Early withdrawals or surrenders may be subject to surrender charges (contingent deferred sales charges). Withdrawals are also subject to ordinary income tax and, if taken prior to age 59½, a 10 percent federal tax penalty may apply. For tax purposes only, withdrawals will come first from any gain in the contract. Federal and state tax laws in this area are complex and subject to change. Consult your personal tax adviser on all tax matters. Withdrawals may reduce the death benefit, cash surrender value and any living benefit amount.

Guarantees based upon the claims-paying ability of The Ohio National Life Insurance Company. Guarantees do not apply to the investment performance or account value of the underlying variable portfolios.

Variable annuities are long-term investment vehicles designed to accumulate money on a tax-deferred basis for retirement purposes. Upon retirement, 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 contract value.

Issuer:The Ohio National Life Insurance CompanyOne Financial WayCincinnati, Ohio 45242Telephone: 513.794.6100

Distributor:Ohio National Equities, Inc.Member FINRAOne Financial WayCincinnati, Ohio 45242Telephone: 513.794.6100

Form 9203 1-11

© 2010 Ohio National Financial Services, Inc. CWA 110012

Product, product features and rider availability vary by state. Issuer not licensed to conduct business and products not distributed in AK, HI or NY.

There is no additional tax-deferral benefit for contracts purchased in an IRA or other tax-qualified plan because these are already afforded tax-deferred status. An annuity should only be purchased in an IRA or 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.

The GLWB Base is used solely for the purpose of calculating GLWB payments. It does not provide a contract value or guarantee performance of any investment option.

If there is a substantial age difference between the two participating spouses, you should carefully consider whether the Joint Life GLWB Rider is an appropriate choice due to higher Rider fees for the Joint Life version of the Rider and the possibility of a longer waiting period before withdrawals under the Rider can begin.

Please note that legally married same-sex couples and civil union partners may encounter adverse tax consequences as a result of withdrawals or other transactions upon the death of the first spouse or partner. Consult with your tax adviser before purchasing this Rider, especially the joint life version, which may be inappropriate and/or unavailable for legally married same-sex couples or civil union partners.

NOT A DEPOSIT NOT FDIC INSURED NOT GUARANTEED BY ANY BANKNOT INSURED BY ANY GOVERNMENT AGENCY MAY LOSE VALUE