Nationwide is committed to carefully managing their life product portfolio to remain the strong, stable carrier you can rely on. To keep this commitment – and in response to the extremely low-interest rate environment and unprecedented volatility in the markets – Nationwide is repricing two of their No-Lapse Guarantee UL (NLG-UL) products and one version of the ENLG Rider. The reprice takes effect June 13, 2021, and applies to all new business for the following:
Nationwide No-Lapse Guarantee UL II
Nationwide No-Lapse Guarantee UL II (New York)
The Age 120 version of the ENLG Rider on Nationwide IUL Protector II 2020 – The Age 90 version of the ENLG Rider on this product will not be affected by this reprice.
Application Signed Date Sunday, June 13, 2021
“In Good Order” applications must be signed by June 13, 2021 to receive the pre-June 14, 2021 (old) pricing. Applications signed after this date will receive the new pricing. A Policy Date of June 13, 2021 or prior will be applied to the policy once issued if the additional criteria below are met. These same rules apply to pending cases as well.
Application Received Date Friday, June 25, 2021
Applications signed by June 13, 2021 must be received at Nationwide no later than June 25, 2021 to receive the old pricing.
Friday, August 27, 2021
Applications signed by June 13, 2021 and received by June 25, 2021 must be in force and funded, or in the case of 1035 exchanges requested by, August 27, 2021.
For applications signed June 14, 2021 or later please be sure you have a current sales proposal.
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