Whole Life Insurance

With fixed-level premiums and conservative accumulation, it’s easy to understand how your policy works and there’s no worry that it’ll lose value.

Want to learn more?

• 5-minute Guide to Whole Life Insurance (PDF)
• How much do I need?
• Choosing a beneficiary
• Fees and charges

Whole life advantages and disadvantages

There are a number of reasons to consider buying whole life insurance. It's easy to understand. The payments are the same every month. And some whole life policies can be paid up after a certain number of years. Because your policy earns a fixed rate of interest, it's easy to predict the growth of your cash value over time.

Its uniformity means that whole life insurance isn't very flexible. Meaning, you can't customize it however you like. But, for dependable and predictable life insurance coverage, whole life insurance may be a good option. 

Keep in mind that as your life changes (e.g., marriage, birth of a child or a job promotion), so will your life insurance needs. Make sure this type of product suits your long-term needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges include 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.

Nationwide^®whole life insurance products

• Nationwide YourLife Whole^SM Life

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Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the institution • Not insured by any federal government agency • May lose value

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.

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