Overview
We designed Nationwide YourLife Single Premium UL to be simpler, guaranteed life insurance protection that allows clients to transfer income tax-free wealth to their beneficiaries. It offers competitive cash value growth and living benefits.
Target market
This product is targeted towards conservative individuals looking for a simpler, guaranteed life insurance product with attractive, guaranteed cash value growth and benefits they can use during their lifetime.
Key features
- Greater simplicity − simplified underwriting and application process
- Living benefits that offer help when you need it
- Owner-directed settlement options to give you more control
Sales idea
Product literature/support materials
Product details
- Surrender charge period: 10 years
- No loads, fees or monthly deductions after attained age 120
- Monthly per-thousand charge:
- Current: For ages 35 − 50, $0.30 in years 1 − 15 and $0.00 thereafter; for ages 51 − 80, $0.30 in years 1 – 10 and $0.00 thereafter (includes sales charge)
- Guaranteed: $0.30 in all years (includes sales charge)
- No administration charge
- Cost of insurance charge varies by issue age and duration, gender, premium class and specified amount
- No premium charge currently, and guaranteed not to exceed 5%
Riders
Get started
For more information or to make a case, contact your Nationwide wholesaler at 1-800-321-6064.
Nationwide, Underten and Nationwide YourLife are service marks of Nationwide Mutual Insurance Company.
