Nationwide IUL Target Premium Increase Coming Feb. 3, 2025

Written By Jon Gold

From Nationwide:

Nationwide is grateful for your partnership and excited to announce a 5% target premium increase for currently sold, individual IUL products, effective February 3, 2025.

Products with increased target premium

  • Nationwide® IUL Accumulator II 2020

  • Nationwide® IUL Protector II 2020

  • Nationwide YourLife® IUL Accumulator (New York)

  • Nationwide YourLife® IUL Protector (New York)
    Important dates for new and pending applications

  • Pending applications include those that are “issued not in-force” or INIF.

    • January 31, 2025 - Our illustration systems will be updated with the new target premiums.

    • February 3, 2025 - The effective date for the 5% target premium increase.

Important date for in-force policies

  • January 20, 2025 - For policies funded and placed in-force on or after January 20, 2025, we will recalculate and apply the new target premium.

Policies in-force before January 20, 2025, will not be eligible for the higher target premiums. Requests to reissue policies to receive the higher target premium will not be permitted

Jon Gold
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