Target market
Nationwide VUL Protector may be a good option for people between the ages of 30 and 60 with an investment mindset who are seeking a guaranteed death benefit and upside market potential.
Product details
- Minimum specified amount: $100,000
- Surrender charge period: 15-year schedule for issue ages 0 to 65; declines down to 10 years for ages 70 and above.
- Fees:
- Premium charge (including sales charges):
- Current: 6% All Policy Years
- Guaranteed: 10% All Policy Years
- Monthly Administrative Charge — for all policy years attained to age 120: Current: $10 and Guaranteed: $20
- Monthly Per Thousand Charge:
- Banded structure like the cost of insurance (COI) rates. Base segment charge will vary by sex, current underwriting classification, segment band, issue age, and death benefit option and band as determined by the total specified amount (base + Additional Term Rider).
- Decreasing a segment of coverage will not decrease the monthly Per Thousand Charge.
- The Additional Term Rider will have its own Per Thousand Charge that will be assessed for 7 policy years.
- Current: Assessed for 15 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.
- Guaranteed: Assessed for all policy years, as measured from the Policy Date for the initial base Specified Amount and from the effective date of any increase in the base Specified Amount.
- Monthly COI: Varies by issue age and duration, gender, risk class, net amount at risk, and any substandard rating.
Key features
- Cost effective and flexible premium payments with an Extended No-Lapse Guarantee available to age 120.
- Nationwide Long-Term Care (LTC) Rider II is available in some states (in states where the Nationwide Long-Term Care Rider II is not yet approved, our original Long-Term Care Rider is available).
- Strong investment line-up with many nationally-known fund managers, and many asset allocation and low-cost options.
- Two indexed interest strategy options.
- Nationwide VUL Rewards ProgramSM which reduces the base and Additional Term Rider Cost of Insurance rate by 25% starting in years 21 onward; guaranteed as long as eligibility requirements are met (see "Conditional Reduction of the Cost of Insurance Rate" in the product prospectus).
- Many policy management services including Automated Premium Monitor (APM) and Automatic 2 to 1 Switch death benefit notification.
View the prospectus. (pdf)
Annual/Semiannual reports