Nationwide YourLife® Protection VUL
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Nationwide YourLife® Protection VUL

Overview

Nationwide YourLife® Protection Variable Universal Life (VUL) protects your client’s family with a flexible death benefit guarantee and provides upside market potential your clients can use later on.

Target market

Nationwide YourLife Protection VUL may be a good option for people between the ages of 30 and 50 who are looking for a guaranteed death benefit and upside market potential. Guarantees are subject to the claims-paying ability of the issuing insurance company, and do not apply to the investment performance or safety of the underlying investment options.

Key features

  • Competitive premiums on a policy with accumulation potential and living benefits
  • Customizable and flexible death benefit guarantee protection with the Extended Death Benefit Guarantee rider, available for an additional charge
  • Advance payment premium offers a great discount on the cumulative premium requirement for those wanting to pay up the Extended Death Benefit Guarantee rider in 10 years or less
  • Nationally known investment managers

Investment options

We offer a wide variety of investment options across a broad spectrum of asset classes and styles, including multiple asset allocation funds.

Product literature/support materials

Product details

Minimum specified amount: $100,000

Surrender charge period: 14 years for ages 0 − 49 and 12 years for ages 50+.

Fees:

  • Premium charges (including sales charges):
    YourLife Protection Table
  • Monthly administrative charge: currently $20 in year 1 and $5 in years 2+ (in NY, $9 all years); guaranteed not to exceed $20 in year 1 and $10 in years 2+ (in NY, $9 all years)
  • Monthly per thousand charge: Duration of charge is seven years for issue ages 0 − 39 and five years for issue ages 40+
  • Current: $0.15 − $0.20 (based on issue age) on first $250,000 of base specified amount plus $0.05 on excess
  • Guaranteed: $0.20 on first $250,000 of base specified amount plus $0.10 on excess
  • In New York, current: $0.08 − $0.20 (based on issue age) on first $250,000 of base specified amount, plus $0.05 − $0.08 on excess (based on issue age)
  • In New York, guaranteed: $0.08 − $0.20 (based on issue age) on first $250,000 of base specified amount, plus $0.08 − $0.10 on excess (based on issue age)
  • Monthly cost of insurance: Varies by age, sex, duration, total specified amount, smoking status and rating
  • Mortality and expense charge:
    • Current
      • Years 1 − 15: 0.80% up to $250,000 of cash value, 0.30% above $250,000 of cash value
      • Years 16+: 0.30% up to $250,000 of cash value, 0.20% above $250,000 of cash value
    • Guaranteed
      • Years 1 − 15: 0.80% of cash value
      • Years 16+: 0.30% of cash value

Get started

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

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