Protect What's Important With Life Insurance From Nationwide

In today’s financial environment, it’s important to know that there are some things you don’t have to worry about. Life insurance can be the foundation of financial security for you and your family. It can be the base upon which other insurance and investment decisions are built.

Choosing life insurance

Which type of life insurance?

Different life situations call for different types of life insurance. Think about these things when you choose term, universal variable and whole life.

Planning for long-term care costs

If you’re concerned about paying for long-term care, learn how life insurance solutions may help.

4 Types of Life Insurance

Find the right insurance for your situation. Compare term, whole, universal and variable universal life insurance.

Getting the right coverage

How much life insurance is enough?

Here are a few things to consider before you put a number on your policy.

Working with a professional

Find out how working with an investment professional can help.

Using your insurance

Taking care of loved ones

Life insurance death benefits help provide for the future financial needs of loved ones. If you are the beneficiary of a Nationwide policy, let us help you get started.

How Do I Choose a Life Insurance Product?

The concept of life insurance is actually pretty simple: Pay today to protect your loved ones when you're gone tomorrow.

But with so many types of life insurance out there, it can be hard to choose the right one for your situation. We can help you with this big decision.

How Much Life Insurance Do You Need?

Use our tool to find the right amount for your budget and your peace of mind.

Coverage and features to consider when choosing life insurance

Basic protection − Do you need life insurance just to provide financial support to your survivors if you die unexpectedly? Term insurance generally provides coverage at a lower cost than other types of insurance and can cover a specific length of time.

Market participation and cash value − If you need insurance protection for the long term, want the potential to build cash value (money from which you can borrow, even during your lifetime) and have a little more money to spend, consider permanent life insurance.

There are three types of permanent insurance:

• Whole life insurance builds value based upon a set schedule. You'll know the exact cash value of your policy on each policy anniversary. (If you take a loan or withdrawal from your policy, of course, the cash value and death benefit will decrease.)
• Universal life insurance earns a fixed interest rate on the cash value in the policy. While the interest rate may change over time, it will never dip below a guaranteed minimum rate.
• Variable universal life insurance lets you invest your cash value in the stock market, so your policy value goes up or down based on the performance of your investment choices. The investment subaccount options in VUL policies are not offered for sale to the general public.

How long should your coverage last? Do you need life insurance coverage just for a specific timeframe – like while you're paying off your mortgage?

Term life insurance offers protection for a set period. All other types of insurance cover you for life, as long as the necessary premiums are paid.

Fees and charges − Before you buy, ask about the fees and charges associated with a life insurance policy, how they're calculated and what they're for.

Access to your money − Will you need to take money out of your policy in the future, for instance, to pay college tuition or to take retirement income?

Most whole, universal and variable universal products let you withdraw money from your policy or take loans.1Some, however, restrict when you can take money, how much you can take and, in the case of loans, the interest rate.

Flexible payments − Some universal and variable universal life products let you make flexible payments once youve paid enough to cover your policy charges.

Ready to take the next step?

Determining the right insurance coverage for your needs is an important decision. For help with your life insurance needs, call us at 1-866-207-9160 or find an agent in your neighborhood.

Read this important information

As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Take care to ensure these strategies and products are suitable for your long-term life insurance needs. Also, be aware that market volatility can lead to the possible need for additional premium in your policy. Investors should evaluate the impact of their financial ability to continue premium payments and the market risk associated with the variable product on the risk of lapse of the insurance policy.

Also, know that any loans, withdrawals, and surrenders, partial or whole, can adversely affect the death benefit, may have adverse tax consequences, and could result in the policy lapsing. Variable life insurance has fees and charges associated with it that include a cost of insurance that varies with such characteristics of the insured person as gender, health and age, underlying fund charges and expenses, and additional charges for riders that customize a policy to fit your individual needs.

Before deciding on a variable life insurance policy, you should carefully consider the investment objectives, risks, charges, and expenses of the policy and its investment options. The product prospectus and underlying fund prospectus contain this and other important information. To obtain a product prospectus, variable universal life insurance quote, or underlying fund prospectus, contact your investment professional or Nationwide. Read the prospectus carefully before making a purchase.

1Assumes contract qualifies as life insurance under Internal Revenue Code (IRC) Section 7702. Most distributions are taxed on a first-in/first-out basis as long as the contract remains in force and meets the non-MEC (Modified Endowment Contract) definitions of IRC Section 7702A. Loans and partial surrenders from a MEC will generally be taxable, and if taken prior to age 59 ½, may be subject to a 10% tax penalty.

How Do You Find Someone to Trust With Your Financial Needs?

When it comes down to it, talking about your financial needs isn't always easy. So it’s important to choose an investment or insurance professional you feel comfortable with.

Make sure their knowledge and experience is a good match for your needs – now and in the future. After all, this person will be helping you make decisions about your finances.

Ready to begin?

Start by getting recommendations from family, friends and coworkers. Ask them who they trust with their financial needs – and why.

Look to other sources for recommendations, including:

• Your bank, attorney or tax planner
• Internet listings for financial services, with customer reviews
• Brokerage firms

Plan to talk to several candidates to find the one who’s right for you. They will work with you to develop a clear picture of your current financial situation and help you work toward your financial goals. By building a relationship with them over time, you’ll also be able to request annual checkups so they’ll know when your needs change and adjustments should be made.

Research your choices

Once you've got a list of candidates, start the selection process.

Interview the contenders

Meet with your candidates to ask questions, and to see if your personalities click.

Check their credentials

Certification doesn't guarantee competence, but professional licenses do take time and effort to achieve.

Ask for references

Ask the candidates you talk to for references from others they work with − like accountants, attorneys or insurance agents.

Build a relationship

Once you've found a qualified professional that suits your needs, you can start taking steps to plan for your financial future. 

Start a Life Insurance Claim

We're here to help you understand your options. We've been helping our members with claims since 1926. We'll help you and your family by making the life insurance claim process a little easier for you.

As we start to process your claim, we will contact you directly if we need additional documentation from you, or the rightful beneficiary, if different.

If you have questions about the online process or any other questions regarding other benefits or riders on your policy, please call 1-800-848-6331, 8 a.m. - 8 p.m. ET or contact your insurance professional.

Start a claim online or on the phone

We make it easy for you to initiate the claims process.

• Start your claim online 
• Or call us at 1-800-848-6331, 8 a.m. - 8 p.m. ET
• Don’t know the life insurance policy number? You can submit a search for a lost policy.

1-877 On Your Side (1-877-669-6877)

©2013 Nationwide Mutual Insurance Company and Affiliated Companies. All rights reserved. Nationwide Investment Services Corporation, member  FINRA . In MI only: Nationwide Investment Svcs. Corporation. Home Office: One Nationwide Plaza, Columbus, OH 43215-2220. Not all Nationwide affiliated companies are mutual companies, and not all Nationwide members are insured by a mutual company.

Lewis Insurance
2525 S. Lamar Ste 11
Austin, TX
78704

www.nationwide.com/joshlewis

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