Ohio National Trailing Commissions Litigation

Texas Financial Advisor Sues Ohio National over Compensation Breach

Income Solutions Wealth Management advisor Lance Browning, a financial advisor from Whitehouse, TX recently filed a federal class action suit stating that Ohio National Life refuses to pay future trail commissions on a number of annuity contracts he sold.

In Browning’s lawsuit, he stated that,

“Ohio National is unlawfully trying to change the rules after the game has already started. Ohio National has issued billions of dollars’ worth of variable annuity policies with guaranteed income benefit riders… While Ohio National has the right to discontinue future sales of the annuities, it may not unilaterally terminate its obligation to pay trailing commissions on existing annuities.”

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