Overview
Nationwide YourLife® Survivorship VUL is a policy underwritten for two lives that provides death benefit protection and the potential for cash value accumulation.
Target market
Nationwide YourLife Survivorship VUL is designed for affluent and high-net-worth clients ages 50 − 70 seeking competitively priced death benefit protection, flexible death benefit guarantees and cash value accumulation potential. Protections and guarantees are subject to the claims-paying ability of the issuing insurance company.
Key features
- Competitive pricing
- Flexible and attractive death benefit guarantee
- Table share program on both lives
- Owner-directed settlement options
Investment options
We offer a wide variety of investment options across a broad spectrum of asset classes and styles, including multiple asset allocation funds. These funds are only available as a part of this life insurance product and cannot be invested in separately.
Product literature/support materials
Product details
- Minimum specified amount: $100,000
- Surrender charge period: 15 years
- Fees:
- Premium load charge: 8.0% up to target and 5.0% on excess of target in years 1 − 15; 6.0% up to target and 5% on excess of target in years 16+
- Monthly administrative charge: $15 per month in years 1 - 15, $5 per month in years 16+ ($9 in all years in NY)
- Monthly per-thousand charge: A 15-year charge based on the base policy specified amount and both insureds’ age and sex
- 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, 0.50% above
- Years 16 − 20: 0.50% of cash value
- Years 21+: 0
- Guaranteed
- Years 1 − 15: 0.80% of cash value
- Years 16 − 20: 0.50% of cash value
- Years 21+: 0.30% of cash value
- Current
Get started
For more information or to make a case, contact your Nationwide® wholesaler at 1-800-321-6064.
