It's easy to understand how your whole life insurance policy works with fixed-level premiums and conservative accumulation. And most importantly, you don't have to worry it'll lose its value.
Advantages and disadvantages Keep in mind that as your life changes (for example, marriage, birth of a child or a job promotion), so will your life insurance needs. Make sure your whole life insurance policy fits your future needs. You should consider any associated costs before making a purchase. Life insurance has fees and charges, include costs of insurance, which vary based on the insured's gender, heath and age. There are additional charges for riders that customize a policy to fit your individual needs.
There are many reasons to consider purchasing whole life insurance. It's simple to understand. The payments are consistent month to month. And some whole life policies can be completely paid for after a certain number of years. Because your policy earns a fixed rate of interest, it's easy to foresee the growth of your investment over time.
Its uniformity means that this type of life insurance isn't very flexible. Meaning, you can't customize it however you like. But, for dependable and predictable life insurance coverage, whole life insurance may be a good option.
Nationwide whole life insurance products
• Nationwide YourLife®WL
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Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the institution • Not insured by any federal government agency • May lose value
Guarantees and protections are subject to Nationwide's claims-paying ability. Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.
FLW-0137AO
Product, coverage, discounts, insurance terms, definitions and other descriptions are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in your individual insurance contracts, policies, and/or declaration pages from Nationwide-affiliated underwriting companies, which are controlling. Such products, coverages, terms and discounts may vary by state and exclusions may apply. Terms and Conditions
Securities offered through Nationwide Securities, LLC P.O. Box 183137, Columbus, OH 43218, (888) 753-7364. A Registered Investment Advisor. Member FINRA, SIPC. DBA Nationwide Advisory Services, Inc. in AR, FL, IL, WV. DBA Nationwide Advisory Services in MA, NY, OK. Representative of Nationwide Life Insurance Company, affiliated companies and other companies
Registered Representatives may only conduct business with residents of the states in which they are properly licensed and/or registered. Please note that not all of the products and services that may be mentioned are available in every state.
