| Variable Universal Life Variable Universal Life insurance (VUL) differs from other long-term financial alternatives in that it combines the security of a death benefit and tax advantages of life insurance with the growth potential of equity investing.* This mix of insurance protection and investment options offers a way to help accumulate assets, preserve those assets from current taxes and eventually transfer them intact to your heirs. A VUL policy combines a variety of benefits into one tax-advantaged vehicle:
Policy account values are not guaranteed and will increase or decrease daily depending on the investment results of the chosen subaccounts. Options Premier is a flexible premium adjustable variable life insurance policy that has the flexibility to help you to accumulate capital, protect your family or business, or distribute your assets. It allows you to allocate the policy account value among a variety of subaccounts and a guaranteed account, including bond, money market, domestic equity, and international equity. Each subaccount has its own investment strategy, so you can choose how your money is invested. Product Features:
Riders Available (may require additional cost):
5. These riders do not require an additional cost. 6. Tax-free access to policy account 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 7702 A. 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 become taxable and may be subject to the 10% penalty for withdrawls before age 59 1/2. Policy loans and withdrawals will reduce a policy's death benefit and net cash surrender value. 7. 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. 8. Dollar Cost Averaging (DCA) does not guarantee a profit or remove the risk of a loss in a declining market. DCA involves a continuous investment in securities regardless of fluctuating price levels of such securities. An investor should consider his/her financial ability to continue participating in a Dollar Cost Averaging Plan during periods of low price levels. 9. Only available at time of policy issue. Options Premier and its riders may not be available in all states. Variable products are issued by Nationwide Life Insurance Company of America and Nationwide Life and Annuity Company of America, which is not licensed in New York and other companies. To obtain a current Options Premier and associated insurance products funds' prospectuses, please contact your local Nationwide Financial Network Representative. The prospectuses contain more complete information, including charges and expenses, which should be read carefully before investing or sending money. |
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. © 2008 Nationwide Financial Network. Nationwide is a federally registered service mark of Nationwide Mutual Insurance Company. All Rights Reserved.
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