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Balancing Family Protection with Retirement Needs
How can your clients balance their need to protect their family with their retirement needs? Options Select can help by combining the protection of permanent life insurance with professionally managed investment options and the potential to build their supplemental retirement income.
How can you tailor a one-size-fits-all life insurance policy to fit your clients’ unique needs?
Add something extra to it — like a rider. Riders offer additional coverage and protection on select life products at an additional charge.
Wealth GuardSM Rider (PDF)— This rider helps protect the premiums paid into your client’s life policy and either locks in market gains or at least a portion of the premiums paid. If your client is age 55 or younger, he or she can purchase this rider for an additional charge with Nationwide Options Select.
Long-term Care Rider — Who hasn’t worried about the potential loss of financial security if they eventually need long-term care? Why worry when your clients can plan ahead for the possibility?
Our rider can help provide a hedge against the financial burden of long-term care while still allowing clients to leave at least a partial death benefit to their beneficiaries. And, if they never need long-term care, their beneficiaries receive the full death benefit as they would with any typical life insurance policy.
Policy Guard Rider (PDF) — Does your client’s life insurance policy offer loan and withdrawal options for emergencies or supplemental retirement income? With our Policy Guard rider, once the rider conditions are met, their policy won’t lapse if they take loans or income from the policy. And they don’t pay for the rider until or unless they need it.
Riders may not be available in all states. Protections and guarantees are subject to the claims-paying ability of the Nationwide Life Insurance Company. They do not apply to the investment performance or safety of the underlying investment options.
Optional riders are only available through the purchase of a universal life or variable universal life product. Products features and availability vary by state.
Check out the information below to obtain more details on Options Select:
- Key facts (PDF)
- Investment Choices (PDF)
- Performance (PDF)
The underlying funds listed above are only available as investment options in variable insurance products issued by life insurance companies. They are not offered or made available directly to the public. These portfolios may contain different investments than the similarly named mutual funds offered by the money manager; therefore, investment results may differ. Fund holdings and investment strategies are subject to change. Investments in some funds may involve certain risks and may not be appropriate for all investors.
Important words from Compliance:
Before investing in an underlying fund, your clients should carefully consider its investment objectives, risks, charges and expenses. This and other important information is contained in the fund's prospectus, which can be obtained by contacting Nationwide. Please read the prospectus carefully before investing.
Nationwide and Nationwide Financial are federally registered service marks of nationwide Mutual Insurance Company
Variable life products are sold by prospectus, which describes risk factors, fees and surrender charges that may apply. Variable life products allow the contract holder to choose an appropriate amount of life insurance that has an additional cost associated with it. A portion of the life premium is subject to market risk based on the investment decisions of the policy owner. Cash value varies depending on market earnings or losses. Before investing, you should evaluate your financial ability to continue premium payments and the market risk associated with the variable product, including the risk of lapse of the insurance policy.
Investment products offered are not FDIC-insured, may lose value, have no bank guarantee.
Wealth Guard is a service mark of Nationwide Life Insurance Company
Guarantees and protections are subject to Nationwide's claims-paying ability. Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.
Producers must be appropriately registered and licensed in the states in which they conduct business in order to offer the referenced products.
