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Life Insurance Protection With a Fixed Rate of Interest
Whole life is the most common type of permanent life insurance. With whole life insurance, your premium payments remain the same over the life of the policy. You can choose how often you’d like to make premium payments, too – annually, semiannually, quarterly or monthly.
Some whole life policies can be paid up after a certain number of years. When you purchase a policy, you’ll know how the cash value will grow over the life of your policy.
Nationwide whole life insurance
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Advantages and disadvantages of whole life insurance
There are a number of reasons to consider buying whole life insurance. It’s easy to understand. The payments are the same every 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 predict the growth of your cash value over time.
Whole life insurance is designed for the long-term, so before purchasing, be sure to think about your ability to make premium payments consistently over the life of the policy. While it’s predictable, whole life insurance isn’t very flexible. You can’t customize it. But, because it’s so predictable and dependable, whole life insurance may be a good option for you.
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. You should weigh any associated costs before making a purchase. Life insurance has fees and charges including costs of insurance that vary based on the insured person’s gender, health and age. There are additional charges for riders that customize a policy to fit your individual needs.
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Guarantees and protections are subject to Nationwide’s claims-paying ability.
How to Choose a Beneficiary
Learn what you should consider before you make this important choice.
Why Buy Life Insurance?
Discover some of the ways life insurance can help protect you and your family.
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This material is not a recommendation to buy, sell, hold, or rollover any asset, adopt an investment strategy, retain a specific investment manager or use a particular account type. It does not take into account the specific investment objectives, tax and financial condition or particular needs of any specific person. Investors should work with their financial professional to discuss their specific situation.
Life and annuity products are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Company, Columbus, Ohio. The general distributor for variable products is Nationwide Investment Services Corporation, member FINRA. The Nationwide Retirement Institute is a division of NISC. Nationwide Funds distributed by Nationwide Fund Distributors, LLC, Member FINRA, Columbus, OH. Nationwide Life Insurance Company, Nationwide Life and Annuity Company, Nationwide Investment Services Corporation, and Nationwide Fund Distributors are separate but affiliated companies.
The Nationwide Group Retirement Series includes unregistered group fixed and variable annuities issued by Nationwide Life Insurance Company. It also includes trust programs and trust services offered by Nationwide Trust Company, a division of Nationwide Bank ® .
Nationwide, the Nationwide N and Eagle, The Nationwide Retirement Institute, Nationwide is on your side and Nationwide Funds Group are service marks of Nationwide Mutual Insurance Company. Let’s Face it Together is a service mark of Nationwide Life Insurance Company.
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