Universal Life

Universal Life is a combination of life insurance protection and tax-deferred accumulation of cash values. Universal Life provides affordable death benefit protection with the safety of additional Guarantees. While you maintain the flexibility to vary premiums, and death benefit amounts and the ability to draw on cash values if needed, universal life does not involve the ups and downs of equity markets.

–UL 100 is an affordable, flexible universal life insurance policy that can provide protection for life. With the guaranteed death benefit rider, you can be sure that the policy will be there for your loved ones and business associates when it's needed most.

Product Features:
  • Permanent life coverage
  • No lapse protection through age 100
  • Guaranteed interest rate1
  • Guaranteed cost of insurance
  • Guaranteed maximum charges
  • Tax-deferred growth
  • Income tax-free death benefit
  • Tax-free access to policy values*
  • Partial withdrawals2
  • Policy loans

Riders Available (may require additional cost):
  • Guaranteed Death Benefit Rider3
  • Accelerated Death Benefit3,5
  • The ProvCare Series of Riders
  • Change of Insured Rider3, 5
  • Disability Waiver of Monthly Deductions Rider3
  • Disability Waiver of Premium Rider3
  • Children's Term Rider3
  • Other Insured Term3, 4
  • Maturity Extension Rider5
  • Additional Insurance Benefit Rider3, 4


* Tax-free access to policy account value is possible through withdrawals up to the cost basis of the life insurance policy and loans thereafter, based on current tax laws and assuming the individual policy remains in force and is not a "modified endowment contract" under IRC Section 7702A. Keep in mind that some of these tax advantages do not apply to Modified Endowment Contracts (MECs). A MEC policy is created when payments have violated the IRS premium limitations. Therefore, any distributions from a MEC policy will be income taxable and may be subject to the 10% penalty for withdrawals before age 591/2 . Policy loans and withdrawals will reduce a policy's death benefit and net cash surrender value.

New money interest crediting method. Interest rate bonus of .75% beginning in year 11 if current credited rate is greater than guaranteed rate. Minimum guaranteed interest rate is 4%.
2. Accessing the policy account value may involve some charges and/or tax implications.
3. Only available at time of policy issue.
4. May not be available with Guaranteed Death Benefit Rider.
5. These riders do not require an additional cost.

UL 100 is issued by Nationwide Life Insurance Company of America and Nationwide Life and Annuity Company of America, which is not licensed in NY. UL 100 and its riders may not be available in all states. Please check with your Nationwide Financial Network Representative.

Although internal policy charges, such as the cost of insurance charges, are generally at current lower rates than the maximum stated within the policy, all policy charges are guaranteed not to exceed certain amounts, as specified in the policy.

Securities and Investment Advisory services offered through Registered Representatives and Investment Adviser Representatives of 1717 Capital Management Company, A Registered Investment Adviser. Member FINRA (formerly NASD), SIPC. A Nationwide Financial company. Insurance Representatives of Nationwide Life Insurance Company of America and/or Nationwide Life and Annuity Company of America, which is not licensed in New York.

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