Nationwide YourLife^® Current Assumption UL

Overview

Nationwide YourLife^® Current Assumption UL offers permanent protection with conservative growth potential.

Target market

This product was designed for people between the ages of 40 and 55, seeking competitively priced life insurance protection that can also offer some growth potential.

Key features

• Income tax-free death benefit to beneficiaries, even estate tax-free if properly structured
• Tax-deferred cash value growth at a guaranteed minimum interest crediting rate and no stock market risk

Sales idea

Multi-task with life insurance

Product literature/support materials

Client brochure

Product details

Minimum Specified Amount: $25,000 for standard; $100,000 for Preferred and Preferred Plus

Surrender charges: 20-year declining

Fees:

• Current premium charges:
  • If specified amount is less than $100K − 10% in years 1-5; 8% in years 6-15; 5% in years 16+
  • If specified amount is $100K+ − 8% in years 1-5; 5% in years 6+
• Monthly administrative charges: If specified amount is less than $50K − $10 in all years, if 50K+ − $10 in years 1-10, $5 in years 11+
• Monthly cost of insurance is based on the insureds’ individual characteristics

Riders

• Accelerated Death Benefit rider
• Accidental Death Benefit rider
• Children’s Term Insurance rider
• Long-term Care rider (not available in all states)
• Overloan Lapse Protection rider
• Premium Waiver rider
• Spouse rider
• Surrender Value Enhancement Benefit
• Waiver of Monthly Deductions rider

Get started

For more information or to make a case, contact your Nationwide^® wholesaler at 1-800-321-6064.

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

Nationwide and Nationwide YourLife are service marks of Nationwide Mutual Insurance Company.