Target market

Nationwide YourLife Current Assumption UL was designed for people between the ages of 40 and 55, seeking competitively priced life insurance protection that can also offer some growth potential.

Product details

• Minimum specified amount: $25,000 for standard; $100,000 for Preferred and Preferred Plus
• Surrender charges: 20-year declining
• Fees:
  • Current premium charges:
    • If specified amount is less than $100K – 10% in years 1-5; 8% in years 6-15; 5% in years 16+
    • If specified amount is $100K+ – 8% in years 1-5; 5% in years 6+
  • Monthly administrative charges: If specified amount is less than $50K – $10 in all years, if 50K+ – $10 in years 1-10, $5 in years 11+
  • Monthly cost of insurance is based on the insureds' individual characteristics

Key features

• Income tax-free death benefit to beneficiaries, even estate tax-free if properly structured
• Tax-deferred cash value growth at a guaranteed minimum interest crediting rate and no stock market risk