Nationwide Announces Major Rate Enhancements

Written By Jon Gold

From Nationwide:

Higher cap, participation and spread rates

We are pleased to announce improved rates on all strategies in the currently-sold Nationwide IUL products, effective July 15 – including a 25% cap rate and a 310% participation rate. We are also improving the spread rates on the uncapped S&P 500® across all our currently-sold IUL and VUL products with this strategy. Better cap and spread rates will apply to our New York IUL products as well. The fixed account rate is also going up on all currently-sold Nationwide IUL and VUL products.  

Important dates

June 17, 2024

  • Life illustration software will be updated for all applicable strategies and new maximum illustrative rates for all products

  • Premium received on this date or later will receive the new cap, participation and spread rates

July 15, 2024 - Rate change effective date

  • Segments created on this date will receive the new rates

  • Includes new premium, transfers (including DCA) and matured segment reallocations

Jon Gold
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