Overview
Nationwide YourLife® No-Lapse Guarantee UL is a flexible solution offering permanent death benefit protection.
Target market
This product is designed for people between the ages of 45 − 70 who may be risk-averse, and are looking for competitively priced permanent life insurance to pass on a legacy.
Key features
- NLGUL is most competitive at ages 45-70 for level pays, especially at $500,000+
- Competitively priced guarantees are available to whatever age you choose
- 10% to 50% of the total specified amount can be issued as Supplemental Coverage, helping clients get the coverage they need at a reasonable price
- Automated Premium Monitor helps policyholders manage the policy to keep it in force (available at no additional cost)
Product literature/support materials
Product details
Minimum Specified Amount: $100,000
Surrender charge period: 20 years
Fees:
- Premium charge currently between 20 and 26.25% depending on specified amount and supplemental coverage; guaranteed not to exceed 50 − 52.5% depending on supplemental coverage
- Administration charge is currently $10/month to age 120; guaranteed not to exceed $20/month
- Monthly per thousand charge and monthly cost of insurance charge vary by specified amount, issue age, attained age, sex, and underwriting class
Riders
- Accelerated Death Benefit rider
- Accidental Death Benefit rider
- Children’s Term Insurance rider
- Long-term care rider
- Spouse rider
- Waiver of Monthly Deduction rider
Riders may not be available in all states and may be known by other names.
Get started
For more information or to make a case, contact your Nationwide® wholesaler at 1-800-321-6064.
