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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
July 28, 2008 at 09:53 AM
Nationwide Financial Services Inc. is offering a new variable universal life product, YourLife Accumulation VUL.
The product offers death benefit protection, potential cash value growth and living benefits.
The primary market for YourLife Accumulation is a person between 35 and 55 years old, affluent and with some market risk tolerance, says Nationwide, Columbus, Ohio. Typical clients would already be contributing the maximum amount allowable to their qualified retirement plans, have a well diversified portfolio and are seeking additional retirement income or have other income-planning needs, the company says.
A secondary market for the product includes business partners who want to protect their company from disruption should something happen to either of them. The potential cash value growth can be used by one partner to buy out the other in the case of early retirement. Or the death benefit could provide the capital needed for one partner to purchase the business back from the other partner’s estate, Nationwide notes.
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