Target market

Nationwide Marathon Performance VUL - Protection is designed for investors seeking guaranteed death benefit protection for estate planning and wealth transfer.

Product details

• Typical funding patterns: Level to endow
• Issue ages and risk classes: (age nearest birthday)
  • Select Preferred Plus Nontobacco: 18 - 75
  • Select Preferred Nontobacco: 18 - 75
  • Nontobacco: 0 - 85
  • Preferred Tobacco: 18 - 75
  • Tobacco: 18 - 85
• Minimum specified amount: $100,000
• Initial no-lapse guarantee:
  • Issue ages 0-69: Lesser of 10 years or to age 75
  • Issue ages 70+: 5 years
• Maturity:
  • Insured attained age 120
  • The Maturity Extension Provision automatically applies unless the policyowner chooses to receive the maturity proceeds (i.e., the cash surrender value) instead.
• Maturity extension provision: Provides for extension of insurance coverage from attained age 120 until the date of the insured's death.
• Death benefit options:
  • Option 1: Level
  • Option 2: Increasing
  • Option 3: Return of premium
• Transfers/exchanges:
  • Tax-free exchanges available between variable investment options
  • Dollar cost averaging available from money market, bond or fixed income accounts
  • Some variable investment options will be subject to short-term trading fees; the money market account is not subject to a short-term trading fee
• Investment options:
  • More than 90 investment options from nationally known money managers
  • Packaged asset allocation services
• Monthly administrative charge: Deducted monthly
  • Current: $20 per month in the first policy year; $5 per month thereafter
  • Guaranteed: $20 per month in the first policy year; $10 per month thereafter
• Per $1,000 charge: Deducted monthly based upon specified amount
  • Current: Duration of the charge is seven years for issue ages 0 to 39 and five years for 40+.

  Issue Age	First $250,000	Excess
  0-35	$0.13	$0.03
  36-39	$0.14	$0.03
  40-50	$0.15	$0.04
  51-55	$0.16	$0.04
  56-60	$0.17	$0.04
  61-70	$0.19	$0.04
  71+	$0.20	$0.05

  • Guaranteed: $0.20 per thousand on the first $250,000 of base specified amount plus $0.10 per thousand on any excess. The duration of the charge is seven years for issue ages 0 to 39 and five years for issue ages 40+.
• Mortality & expense charge: An annualized charge deducted monthly
  • Current:
    • Years 1 to 15: 0.80% on the first $250,000 of variable cash value; 0.30% on any excess
    • Years 16+: 0.30% of the first $250,000 of variable cash value; 0.20% on any excess
  • Guaranteed:
    • Years 1 to 15: 0.80% of variable cash value
    • Years 16+: 0.30% of variable cash value
• Premium load: Deducted from each premium payment
  • Current:
    • Years 1 to 5: 9% up to target; 5% on any excess
    • Years 6 to 15: 7% up to target; 5% on any excess
    • Years 16+: 5%
  • Guaranteed:
    • Years 1 to 5: 10%
    • Years 6. to 15: 8%
    • Years 16+: 5%
• Cost of insurance: Varies by issue age, specified amount, duration, sex, risk class and death benefit option
• Loan interest rate charged: 4.5% (current and guaranteed)
• Loan interest rate credited:
  • Current interest rate credited:
    • Policy years 1 to 10: 3.0%,
    • Policy years 11 to 20: 3.5%
    • Policy years 21+: 4.0%
  • Guaranteed interest rate credited: 3.0% (all years)
• Withdrawals/partial surrenders:
  • Available after the first year
  • Minimum: $200
  • Maximum: Limited to 10% of the cash surrender value in years 2 through 10; thereafter, the greater of the cash value less $500 or an amount equal to three monthly deductions
  • Policy cannot be reduced below the required policy minimum and must continue to qualify as life insurance
• Surrender charge: The initial charge varies by sex, age, specified amount and underwriting classification. The charge reduces by the following schedule over the remaining years as a percentage of the initial surrender charge.

Policy Year	Issue Age 0-49	Issue Age 50+
1	100%	100%
2	100%	100%
3	100%	92.5%
4	95%	85%
5	87.5%	77.5%
6	80%	70%
7	72.5%	60%
8	65%	50%
9	57.5%	40%
10	50%	30%
11	40%	20%
12	30%	10%
13	20%	0%
14	10%
15	0%

View the prospectus. (pdf)