Nationwide Another 0.25% Fixed Rate Increase in IUL and VUL Products Effective July 1, 2023
- June 30, 2023
- Carrier News, Life Insurance, Nationwide, Rate Change, Rates
Thanks to Nationwide’s strength and stability, a better interest rate environment, and continued customer focus, their policyholders will soon benefit from another increase in their IUL and VUL fixed interest crediting rates. On April 1, 2023, Nationwide raised the rate by 0.25% in our 2020 IUL products. Now they are again increasing the fixed rate by 0.25% but this time across all their IUL and VUL products. Effective July 1st, 2023, the new fixed interest rates will be:
Currently selling products
- Nationwide IUL Accumulator II 2020 & IUL Protector II 2020: 3.00%
- New York only — Nationwide YourLife IUL Accumulator & IUL Protector: 2.75%
- Nationwide Survivorship IUL 2020: 3.00%
- Nationwide VUL Accumulator and VUL Protector: 2.75%
Products closed to new business.
- Nationwide IUL Accumulator II and IUL Protector II (2018): 2.75%
- Nationwide YourLife IUL Accumulator and IUL Protector (2015): 2.75%
- Nationwide YourLife IUL (2011): 3.25%
- Nationwide Survivorship IUL (2019): 2.75%
- June 30, 2023
- Benkis Barrueta
- Carrier News, Life Insurance, Nationwide, Rate Change, Rates
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