Nationwide YourLife No-Lapse Guarantee SUL II is a survivorship universal life product that is designed to help your clients with their wealth transfer and estate planning needs.
This product is generally a good fit for couples or business partners ages 60 to 75 with a high or ultra-high net worth. The product was designed for competitive pricing in lifetime and 10-pay scenarios.
YourLife NLG SUL II offers a streamlined way to solve complex needs such as reducing estate taxes, dividing assets fairly with multiple marriages, planning for business continuation and more.
Product Literature/Support Materials
Minimum specified amount: $250,000
Surrender charge period: 18 years
- Premium charge currently 30% and guaranteed not to exceed 60%
- Administrative charge is a per-thousand of specified amount charge that vies by the younger issue age and band
- Monthly cost of insurance is based on the insureds’ individual characteristics