Nationwide Introduces Two New Variable Universal Life Insurance Products

Columbus, OH - Nationwide announced today they are offering two new variable universal life (VUL) products, the Nationwide VUL Accumulator and the Nationwide VUL Protector, designed to help advisors address their clients’ various needs.

The Nationwide VUL Accumulator is for clients between the ages of 30 and 55 who are seeking death benefit protection as well as growth potential to supplement their retirement income.

The Nationwide VUL Protector is for clients between the ages of 30 and 60 who are seeking a death benefit guarantee and cash value growth potential. It includes Nationwide’s Extended No-lapse Guarantee Rider (ENLG) with a guarantee to age 90 or to age 120.

“Variable universal life insurance provides advisors with an option that can help their clients meet a variety of needs,” said Eric Henderson, senior vice president of Nationwide’s annuity and life insurance businesses. “Whether it’s taking care of loved ones, providing supplemental retirement income, covering long-term care costs or aiding in estate or legacy planning, products like these can be a valuable solution based on clients’ specific circumstances.”

Both the Nationwide VUL Accumulator and the Nationwide VUL Protector offer Nationwide’s new lineup of 70 high-quality investment options with a weighted average fund expense of just 0.67%. Forty-six percent of the investment lineup have a 4-star or 5-star Morningstar® rating¹ and 41% of the lineup are asset allocation options. They also include two indexed interest strategies: the S&P 500® Annual Point-to-Point and Multi-Index Monthly Average.

Both products come with the Nationwide VUL Rewards Program^SM, a guaranteed benefit applied when the client satisfies a net accumulated premium test on designated testing dates, as well as 20-year initial guarantee, which applies to the Additional Term Rider when it is added to the policy.

The Extended No-Lapse Guarantee is an optional rider available with the Nationwide VUL Protector. It automatically includes Nationwide’s Automated Premium Monitor to notify advisors and their clients if the guarantee is at risk of going off track.

Both products will also offer the Nationwide Long Term Care Rider II, which provides coverage for informal care (such as care from family members or friends), more payout benefit options (2%, 3% and 4%) and discounted rate for couples.²

[1] Ratings may change at anytime.
[2] In states where the new Nationwide LTC Rider II is not yet approved, our original LTC rider is available for both new VUL products. Limitations and exclusions apply. Costs for long-term care vary by person, and there is no guarantee the rider will cover all long-term care costs.

Guarantees are subject to the claims-paying ability of Nationwide Insurance.

Variable products are sold by prospectus. Carefully consider the investment objectives, risks, charges and expenses. The product and underlying fund prospectuses contain this and other important information. Investors should read them carefully before investing.

To request a product prospectus starting August 14, 2017, please call 1-800-321-6064 or go online to prospectus.nationwide.com/VULProtector or prospectus.nationwide.com/VULAccumulator.

As your clients’ personal situations change (e.g., marriage, birth of a child or job promotion), so will their life insurance needs. Take care to ensure this product is suitable for their long-term life insurance needs. They should weigh any associated costs before making a purchase. Life insurance has fees and charges that varywith sex, health, age and smoking status. Riders that customize a policy to fit individual needs usually carry an additional charge.

The “S&P 500” and Dow Jones Industrial Average are products of S&P Dow Jones Indices LLC (“SPDJI”), and have been licensed for use by Nationwide Life Insurance Company and Nationwide Life and Annuity Insurance Company (“Licensee”). Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); DJIA®, The Dow®, Dow Jones® and Dow Jones Industrial Average are trademarks of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Licensee. Licensee’s products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or their respective affiliates, and none of such parties makes any representation regardingthe advisability of investing in such products nor do they have any liability for any errors, omissions or interruptions of the S&P 500 and/or Dow Jones Industrial Average.

To receive the Nationwide VUL Rewards Program benefit in Nationwide VUL Protector, net premium payments (all premium paid minus any loans or partial surrenders) must satisfy an accumulated premium test on designated dates. If the test is satisfied at the start of policy year 21, the policy’s base and Additional Term rider cost of insurance rates will be reduced by 25%. The test is applied each month in policy years 21 to 35 to give clients more opportunities to qualify for the rate reduction. If the test is satisfied at the start of policy year 35, testing will continue using the test amount as of that date. If not, testing will end and no further reduction will be given. If policy changes are made, the accumulated premium test amount may change. The Nationwide VUL Rewards program is available only if death benefit option 1 is elected at the time of policy issue and never changed.

To receive the Nationwide VUL Rewards Program benefit in Nationwide VUL Accumulator, net premium payments (all premium paid minus any loans or partial surrenders) must satisfy an accumulated premium test at the start of policy year 16; earlier for issue ages 51 or older. The required amount is set at policy issue and may change if policy changes are made. Once the requirement is met, the benefit is applied monthly at an annual rate of 0.40% from then on — as long as the policy is in force. The credit is calculated by multiplying the accumulated value, minus any indebtedness, on the date of calculation by the monthly rate; the credit will be added to the fixed interest rate strategy’s accumulated value.Life insurance products are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.