With universal life insurance coverage, you can provide a lasting death benefit to your dependents while the possibility of earning cash value. Universal life insurance coverage has the benefits of a fixed interest rate and a guarantee that lasts as long as your premiums are paid, your life insurance will cover you for the rest of your life – as long as premiums are paid.
Universal life insurance products Products may not be available in all states.
• Nationwide YourLife® No-Lapse Guarantee UL • Nationwide YourLife® SUL II • Nationwide YourLife® Current Assumption UL • Nationwide YourLife® Single Premium UL
Advantages and disadvantages A universal life insurance policy has the flexibility to adapt to your shifting needs. It's more transparent than other types of fixed life (life insurance that doesn't invest in the stock market) because you can watch your account value rise if it earns interest and fall if policy charges and fees are deducted. Your policy 's death benefits may also go down if loans are not paid back. Your policy's cash value receives interest based on your existing interest rate, and these increases are tax-deferred. You can access the value of your account in cash almost anytime.
As your personal situations shift (i.e. marriage, career promotion or birth of a child), so will your life insurance needs. Take care to ensure universal life insurance is suitable for your long-term needs. You should weigh any additional costs before making a purchase.
However, universal life insurance also puts additional obligations on you — you are responsible for making the insurance coverage changes that are best for you, and you take on the risks of investment and mortality.
Life insurance has charges and rates associated with it that include costs of insurance that vary based upon the insured individual's gender, health and age, and has additional charges for riders that customize a policy to accommodate your individual needs.
Guarantees and protections are subject to Nationwide's claims-paying ability. Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.
FLW-0136AO
Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the institution • Not insured by any federal government agency • May lose value
1Assumes contract qualifies as life insurance under Internal Revenue Code (IRC) Section 7702. Most distributions are taxed on a first-in/first-out basis as long as the contract remains in force and meets the non-MEC (Modified Endowment Contract) definitions of IRC Section 7702A. Loans and partial surrenders from a MEC will generally be taxable, and if taken prior to age 59½, may be subject to a 10% tax penalty. Loans and partial surrenders will reduce cash value and any death benefits payable.
Product, coverage, discounts, insurance terms, definitions and other descriptions are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in your individual insurance contracts, policies, and/or declaration pages from Nationwide-affiliated underwriting companies, which are controlling. Such products, coverages, terms and discounts may vary by state and exclusions may apply. Terms and Conditions
Life insurance policies can be sold on an individual, or "ordinary," basis or to groups such as employees and associations. Accident and health insurance includes medical expense, disability income and long-term care.
State Trivia
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Securities offered through Nationwide Securities, LLC P.O. Box 183137, Columbus, OH 43218, (888) 753-7364. A Registered Investment Advisor. Member FINRA, SIPC. DBA Nationwide Advisory Services, Inc. in AR, FL, IL, WV. DBA Nationwide Advisory Services in MA, NY, OK. Representative of Nationwide Life Insurance Company, affiliated companies and other companies
Registered Representatives may only conduct business with residents of the states in which they are properly licensed and/or registered. Please note that not all of the products and services that may be mentioned are available in every state.
