Overview
Next Generation Corporate Variable Universal Life is a life insurance product that is highly customizable for use with business clients to informally fund executive benefit plans for their key employees.
Target market
Business clients who need help attracting, rewarding and retaining key people. These businesses are interested in corporate-owned life insurance (COLI) where the premium loads and asset-based charges can be customized to meet their needs.
Key features
- Guaranteed and simplified issue underwriting, where applicable
- Customizable premium loads and asset-based charges
- Cash value enhancement benefit
- No surrender charges for full surrenders
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 details
We offer several, highly customizable charge structures that you can choose from that will determine how to allocate policy charges over the life of the policy, based on the needs of your clients.
Riders
- Supplemental Insurance rider
- Change of Insured Rider
Get started
For more information, contact your Nationwide wholesaler or Nationwide Business Solutions Group at 1-877-351-8808.
