New variable universal life product has flexible solutions for long-term goals
Nationwide VUL Protector II offers guaranteed protection with cash value growth potential
Columbus, OH – Nationwide recently announced a new variable universal life (VUL) product that offers a flexible solution for long-term financial goals with guaranteed death benefit protection, plus cash value growth potential for your family’s future.
Nationwide VUL Protector II features improved guaranteed pricing, an Extended No-Lapse Guarantee (ENLG) Rider with a guarantee to age 120, and a new ENLG Advantage program that offers a meaningful discount on single premiums in exchange for participation in the program. The product also offers a guaranteed Nationwide VUL Rewards Program, which reduces the cost of insurance rates by 25% when clients meet a net accumulated premium test.
“Nationwide VUL Protector II is designed to provide clients with confidence in their life insurance coverage, regardless of market conditions or changes in their personal situations,” said Chuck Bremer, vice president of product development for Nationwide’s Life Insurance business. “Clients can benefit from the growth potential of a best-in-class investment lineup, while also enjoying the protection of a lifetime guarantee and a reduced cost of insurance.”
The product also offers the optional Long-Term Care Rider II that provides a flexible monthly cash benefit for long-term care expenses, a Nationwide Caregiver Advocate service, and Living Access Benefits for terminal, critical, and chronic illnesses.
“Life insurance is not a one-size-fits-all solution and that’s why we created a product that allows clients to customize their coverage and investment options, while also providing them with access to valuable resources and support,” Bremer added.
Nationwide is one of the leading providers of life insurance in the U.S. Nationwide VUL Protector II is available for purchase through financial professionals. For more information, visit https://www.nationwide.com/personal/insurance/life/variable/vul-protector-ii/.
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 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 and mutual funds; excess & surplus, specialty and surety; and pet, motorcycle and boat insurance.
For more information, visit www.nationwide.com.
This material is not a recommendation to buy or sell a financial product or to adopt an investment strategy. Investors should discuss their specific situation with their financial professional.
This information is general in nature and is not intended to be tax, legal, accounting or other professional advice. The information provided is based on current laws, which are subject to change at any time, and has not been endorsed by any government agency.
Nationwide Investment Services Corporation (NISC), member FINRA, Columbus, OH. Nationwide Retirement Institute is a division of NISC.
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