Life insurance
Why choose Nationwide life insurance?
Choose Nationwide life insurance for guidance, stable premiums and a payout that can help support your loved ones.
Help navigating the process
We can help answer questions about life insurance, including how much coverage you may need and which type may fit your needs best.
Lock in a rate that stays the same
Once your policy is in place, a later health change will not increase your rate.
Protect your loved ones with a direct payout
Life insurance can help provide money directly to your beneficiaries so they can cover expenses and move forward with less financial stress.
Term life: Affordable coverage for when you need it most
What is it?
Term life provides income replacement for a 10- or 20-year term. For a 30-year term, check out Guaranteed Level Term.
Who’s it for?
Those with loved ones (including pets) who depend on them financially and those with financial obligations such as a mortgage or small business loan may find it useful.
Permanent life: Coverage for life, plus savings that grows over time
What is it?
Lifetime coverage with an insurance payout and cash access. Types include whole, universal, indexed universal and variable universal.
Who’s it for?
Anyone who wants coverage and an investment option in one package. The coverage never expires as long as the premiums are paid.
Long-term care: Funds to care for you in your later years
What is it?
Insurance for covering care at home, community living and facility care in your elder years.
Who’s it for?
People who are concerned about potential long-term care costs and who would like more choice, control and flexibility over their future.
Life insurance resources
If you are married or have dependents, your family can benefit from you having a life insurance policy. It helps ensure you can take care of them, even after you’re gone.
Life insurance is typically used to:
- Replace your income, if needed
- Pay off major debts
- Cover other expenses (like childcare, college and final expenses)
You can also use life insurance to:
- Build wealth for future generations
- Cover long-term care costs
To estimate the right amount of life insurance you’ll need, it’s important to consider all the ways you plan to use it and their individual costs. Add the total amount needed. Then, subtract savings and any existing coverage. If your goal is income replacement for a set term, you can use our coverage calculator to find an amount that best fits your needs.
It depends on the type of life insurance you get.
Term life insurance costs less than Permanent life insurance, which includes whole, universal, or variable universal policies and requires a conversation with a professional.
Costs are also affected by other factors, including your:
- Age
- Sex
- Health
While you can get life insurance at any age, rates tend to go up as you grow older. You may be able to lock in a lower rate if you start earlier in life.
Contact your financial professional to learn more