Target market
Nationwide Marathon VUL Ultra is designed for investment-minded clients, ages 30 to 60, who are looking for the protection of life insurance and the potential for cash value accumulation which can be accessed for tax-advantaged income.
Key features
- Designed for growth potential: The Nationwide Marathon VUL Ultra features a wide variety of rigorously evaluated variable investment options. The fund lineup offers low-cost options, asset allocation strategies and provides access to some of the leading money managers in the marketplace.
- Indexed interest strategies with guarantees: Three strategies that allow for growth potential, while providing downside protection, based on one or more of the following stock indexes: the S&P 500®, the NASDAQ-100® and the Dow Jones Industrial Average®.
- Nationwide VUL Rewards Program®: A guaranteed benefit applied when the client satisfies a net accumulated premium test on designated testing dates
- Eligible policies will receive a 0.40% interest rate bonus to the policy's cash value
- Annualized credit begins on the 11th anniversary for all issue ages
- The credit is guaranteed as long as the policy is in force, even if the client starts to access the policy's cash value for income
- Built-in policy management features - at no extra charge:
- Automated Income Monitor (AIM) helps your clients set up and manage withdrawals for income
- Dollar cost averaging and enhanced dollar cost averaging
- Automatic notification for death benefit option 2 to 1 switch
- Nationwide VUL Rewards Program premium monitor reports status of satisfying the net accumulated premium test
View the prospectus. (pdf)
Annual/Semiannual reports
Product details
- Minimum specified amount: $100,000
- Surrender charge period: 10-year declining schedule
- Fees:
- Premium charge (including sales charges):
- Current: 6% in all years
- Guaranteed: 10% in all years
- Monthly administration fee:
- Current: $10 in all years
- Guaranteed: $20 in all years
- Monthly per thousand charge:
- Varies by sex, underwriting classification, segment band, issue age and death benefit option.
- The current per thousand charge will be assessed for 10 policy years, as measured from the policy date for the initial base specified amount and from the effective date of any increase in the specified amount.
- Monthly cost of insurance:
- Varies by age, sex, duration, total specified amount, tobacco use and rating.
- Percent of sub-account value charge:
- Current: 0%
- Guaranteed: 0.50% annually in all years