Nationwide’s Institutional Life Insurance team celebrates 30 years of protecting businesses
- Nationwide’s Institutional Life Insurance (ILI) business is celebrating 30 years of serving companies with corporate-owned and bank-owned life insurance solutions, supporting more than 1,100 organizations nationwide.
- More than 60,000 institutional life insurance policies are in force, reflecting ILI’s long-standing focus on client service, retention and industry expertise.
- ILI’s team of more than 50 specialists provides end-to-end support, from underwriting and implementation to ongoing case management, helping deliver long-term value for clients and financial professionals.
For three decades, Nationwide’s Institutional Life Insurance (ILI) team has provided innovative solutions and exceptional service to businesses. As ILI celebrates its 30th year as a leader in the institutional life insurance market, the organization is reflecting on a legacy built on expertise, strong client relationships and a commitment to delivering value for businesses and financial professionals alike.
The ILI team provides corporate-owned life insurance (COLI) and bank-owned life insurance (BOLI) products to businesses across the country, serving more than 1,100 organizations, including many Fortune 1000 companies. COLI and BOLI policies are lesser-known types of life insurance policies that help businesses informally fund employee benefits and cover the expenses associated with replacing insured employees. Companies purchase, own and serve as the beneficiary of COLI policies, just as banks do with BOLI policies.
“For 30 years, Nationwide has remained steadfastly committed to the institutional life insurance market, continuing to invest in this space rather than moving in and out of the market as conditions shift,” said Jessica Dowdy, president of Nationwide Institutional Life Insurance. “With more than 60,000 institutional life insurance policies in force, we understand the value of strong partnerships with financial professionals and the trust their clients place in us. As a modern mutual, Nationwide is uniquely positioned to put customers at the center of every decision, creating a level of alignment, stability and trust that sets us apart from many competitors. Our team is committed to supporting partners and clients through every stage of the process, from evaluating options and pricing products to providing ongoing service after a policy is issued.”
That commitment is backed by a team of more than 50 experienced institutional life insurance specialists who understand the unique needs of businesses and financial professionals. Their focus on service and long-term relationships has helped ILI build an impressive track record of client retention. In fact, the organization continues to serve its first business client from 30 years ago.
A key driver of ILI’s success is its end-to-end service model. From initial sales support and specialized underwriting to policy implementation and ongoing case management, the team partners closely with clients throughout the life of every policy. This comprehensive approach helps ensure a seamless experience and meaningful long-term value.
“Thirty years is an important milestone, but what truly sets us apart is our people,” Dowdy said. “ILI is made up of dedicated industry specialists who are passionate about helping clients succeed. We’re proud of what we’ve accomplished together and remain committed to delivering the expertise, service and solutions our clients rely on today and in the future.”
Visit https://www.nationwide.com/financial-professionals/products/institutional-life/business-life/ for more information and resources on ILI and institutional life insurance.
CLM-1297AO
09/2026