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Keep in mind that investing involves market risk, including possible loss of principal. As your personal situations change (i.e. marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure these strategies and products are suitable for your long-term life insurance needs. You should weigh your objectives, time horizon and risk tolerance as well as any associated costs before investing.
Also, be aware that market volatility can lead to the possibility of the need for additional premium in your policy. Variable life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, underlying fund charges and expenses, and additional charges for riders that customize a policy to fit your individual needs. The statements made above assume the policy remains in force, it isn't a modified endowment contract and the policy qualifies as life insurance under Internal Revenue Code, Section 7702. Outstanding loans and partial surrenders will reduce death benefits and may result in additional premiums to avoid a lapse. If the policy lapses, loans and partial surrenders in excess of basis will be subject to ordinary income tax.
All guarantees and protections are subject to Nationwide Life Insurance Company’s ability to pay claims.
Keep in mind that neither Nationwide nor its representatives give legal or tax advice, so you may want to discuss your specific situation with your attorney or tax advisor.