Nationwide – 7702 Changes Coming

 

You may have heard a lot about the recent Internal Revenue Code Sections 7702 and 7702A changes. It’s good news, and beginning on April 9, 2021, the illustrations you run for a new Nationwide  Indexed Universal Life (IUL) or Variable Universal Life (VUL) policy will include these latest rates.

These changes are  including: 

  • Markets that may be well-served with this more efficient life insurance solution
  • Unique Automated Income Monitor makes it easy to set up and monitor an income stream

 

Here is a link to the overview.  Updated IRS Codes 7702 & 7702A

 

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