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Nationwide launches industry-leading securities-backed lending cost comparison tool

The tool is the first of its kind in the industry, building on the way Nationwide offers simplicity in the securities-backed lending space with streamlined, fully digital end-to-end solutions.

Columbus, OH — Securities-backed lending (SBL) sales have grown by 40% over the last three years1. With the surge in sales, financial professionals are seeking more training and marketing support to help clients understand how to access liquidity by leveraging their investment portfolio as collateral. Nationwide’s launch of a simple, innovative cost comparison calculator helps demonstrate the value of SBL as a solution to both financial professionals and their clients.

The calculator provides quick side-by-side comparisons for financial professionals looking to guide clients to smart solutions for cash, whether they are seeking a way to pay for an unexpected expense, a business opportunity or a personal goal. After inputting the dollar amount needed and a few details regarding tax filing status and adjusted gross income (AGI), the calculator illustrates three possible scenarios: liquidating assets, a home equity line of credit (HELOC) and a securities-backed line of credit (SBLOC). The tool breaks down which option is the most efficient and provides the most cost savings and includes a free, client-friendly, printable and savable report.

“This tool is the first of its kind in the industry, and we’re thrilled to be offering it to all financial professionals in the market,” said Debra Griffin, vice president of Nationwide SBL. “Nationwide is known for delivering industry-leading education and training, and our calculator is just another example of how we’re supporting our financial professionals by helping them simplify complex topics to meet their clients’ needs and provide additional value to the relationship.”

Nationwide Smart CreditSM, a securities-backed line of credit, allows customers to avoid negative tax consequences when they need cash2, making the product a strategic alternative to liquidating assets, which could trigger capital gains taxes2. Smart Credit’s competitive minimum line amount of $25,000 opens access to more people looking to leverage this solution.

Smart Credit offers simplicity in the SBL space with a streamlined, fully digital end-to-end solution, eliminating the lengthy process and paperwork typically associated with SBL products. Smart Credit also delivers faster speed to loan, with line requests processed in as little as hours or days versus weeks. The capital cost comparison calculator further simplifies the process with a quick and easy way to evaluate options when clients need to tap into the value of their investment portfolio.   

Financial professionals can access Nationwide’s cost comparison calculator by visiting https://nationwidefinancial.com/capital-cost-comparison/sbl-form. Financial professionals interested in Nationwide Smart Credit can contact the sales team at 1-888-543-9122, smartcreditsales@nationwide.com or by visiting www.nationwidefinancial.com/smartcredit.

About Nationwide

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities, mutual funds and ETFs; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com. Follow us on Facebook and Twitter.

Nationwide, the Nationwide N and Eagle, Nationwide is on your side and Nationwide Smart Credit are service marks of Nationwide Mutual Insurance Company. © 2022 Nationwide

1 Supernova TechnologyTM 2019-2022

2 Please consult your tax advisor for any tax implications.