Thinking about your own mortality isn’t easy, but sooner or later we all have to plan for the inevitable. You already know that life insurance can protect your loved ones or business from the financial consequences of your death. But, did you know that certain types of life insurance may do more?
Take a look at some types of life insurance and consider how they may fit into your financial plan.
Variable Life ties the cash value of your policy to the performance of financial markets
Universal Life offers long-term protection, predictable accumulation and access to your accumulated cash value (keep in mind that the death benefit will be reduced by any outstanding loan balance or partial surrender amount)
Whole Life provides protection and a cash value
Term Life protects for a set length of time
COLI is life insurance designed for institutional buyers
Next steps
You aren’t in this alone. Contact your Nationwide ® agent today to discuss your specific needs. Don’t have an investment professional? Learn more about what an investment professional can do for you and how to choose an investment professional.
Guarantees and protections are subject to the claims-paying ability of the issuing insurance company. Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.
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