I Want to Add Life Insurance to My Portfolio of Financial Products

When you’re building your portfolio, you may not think about adding a life insurance policy. But it’s not too late. Life insurance can be a valuable addition with many benefits.

Its features include:

Liquidity of the death benefit - Since your death benefit will be paid in cash when you pass away, it’s a liquid asset that can be accessed quickly by your beneficiaries.

Easy distribution - It can be split among any number of heirs.

Predictable value - Since some types of life insurance earn cash value on a predetermined schedule, you can predict the value of your policy at any future date.

Stability – When life insurance is a guaranteed product, the value of the death benefit isn’t affected by the economy or changes in the stock market

Tax advantages - Cash values in a life insurance policy grow tax deferred, and beneficiaries receive the death benefit income tax free (and estate tax free, too, if properly structured).

Keep in mind that only permanent insurance policies are considered assets, since they are the only policies that have cash value.

Talk to your insurance professional about whether life insurance would make sense as a part of your portfolio.

Keep in mind that as your life changes (for example, marriage, birth of a child or a job promotion), so will your life insurance needs. Make sure your life insurance policy suits your long-term needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges including costs of insurance that vary based on the insured's gender, heath and age. There are additional charges for riders that customize a policy to fit your individual needs.

Guarantees are subject to the claims-paying ability of the issuing insurance company. Specific premium requirements must be met to be eligible for death benefit guarantees. Please see the contract for details.

Neither the company nor its representatives give legal or tax advice.  Please consult your attorney or tax advisor for answers to specific questions.

Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.

NFW-2121AO