What is a Nationwide YourLife No-Lapse Guarantee universal life insurance policy?
Nationwide YourLife ULtimate is a competitively priced, low-maintenance universal life policy that offers permanent life insurance protection. There are a number of riders you can add to customize it to meet your specific needs. Riders usually have an additional fee, not all riders are available in all states and some even have different names in different states. What are the benefits? With Nationwide YourLife No-Lapse Guarantee UL you can: • Replace income with a tax-free death benefit • Pass wealth to children, grandchildren or charitable organizations • Cover estate taxes, estate settlements fees and medical bills • Help maintain financial independence through access to cash • Set up a buy-sell agreement to protect your business • Establish a Charitable Remainder Trust Keep in mind that taking money from your policy will immediately reduce the cash value and death benefit, and can lead to the need for additional premiums to be added into the policy in the future. Want to learn more
