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Nationwide Life Insurance Review

This Nationwide Life Insurance Review might be a big help to aid your worries. However, despite the fact that its pricing may be greater than those of comparable firms, the Nationwide online interface and claims process are excellent. It is more forgiving than some of its competitors when it comes to issues like body weight, health, and smoking habits. Its regulations are specifically crafted to fulfill the needs of both existing and future customers. Only a small percentage of applicants will be excluded from the medical exam, and any traffic offenses on your record will be taken into consideration more seriously by Nationwide Life Insurance than by its rivals.

Nationwide life insurance rates

Like other insurance firms, Nationwide does not post its pricing online. To qualify for insurance companies’ preferred pricing, you must meet the following requirements.

Nationwide Life Insurance Review - Nationwide Insurance Logo
  • Tobacco use. The insurance company recognizes you as a non-smoker after just 12 months of abstaining from smoking. It also provides discounts on up to 12 cigars for special occasions each year.
  • Age. Health insurance rates are cheaper for those under the age of 65 who are in good physical condition.
  • Record of a driver’s license. Your rate class may be decreased even if you have only gotten one ticket in the past two years.
  • Occupation. There may be higher rates for firefighters and heavy machinery employees because of the risk they experience on the job.
  • Health. Because it caters to the average American, Nationwide is lenient when it comes to building charts, cholesterol, and family history (with the exception of early cardiac death). Health care providers may look into a person’s medical history before making a judgment on whether or not to cover them. An increase in death rates can be attributed to an increase in blood pressure as well.

What types of life insurance coverage does Nationwide offer?

Life insurance policies from Nationwide include the following:

  • Term life insurance. Short-term insurance with predictable rates can be purchased for durations of 10 to 30 years. Online pricing only allows you to select between $100,000 and $1,000,000 in coverage; however, clients may purchase coverage ranging from $25,000 to more than $10 million.
  • Insurance for the rest of your life. When you have enough monetary value, you’ll be able to take out a loan against it. You’ll receive a fixed death benefit when you die.
  • Life insurance that’s available to everyone. Its universal life policies include an indexed insurance tied to the S&P 500’s performance and a survivorship policy that covers two people, often couples. The S&P 500 index serves as a benchmark for the indexed policy. These plans provide flexible premiums and death benefits, as well as the greatest possible profits.
  • Life insurance with a variable premium. It’s possible to buy life insurance that protects you for the rest of your life and invests a portion of your monthly payments in the stock market for a relatively low price. As a result of the investment being handled by a professional, your risks are lower (but not eliminated).

What riders can I add to my policy?

You may be able to customize your insurance policy using the following options:

  • Accelerated death benefits riders. You will receive a cash advance on your death benefit if you are diagnosed with a terminal illness.
  • Rider for accidental death insurance. If you die in a vehicle accident, your death benefit is increased by a lump sum payout.
  • Riders who are under the age of 18. Your life insurance policy can be used to cover your biological, step, and legally adopted children (s).
  • Rider that ensures you’ll be insured no matter what happens. Supplemental insurance can be purchased without a medical exam on specific occasions.
  • Long-term care insurance policy. Allows you to use insurance money to pay for medical and long-term care expenses.
  • The premium rider is coming back. Your premiums will be refunded if you die before your term life insurance expires.
  • The rider’s spouse. Some term and permanent insurance policies have this option, which provides coverage for your spouse and may be converted into a separate, whole life insurance policy if you so choose.
  • Rider waiving the right to a higher price. Premiums will be suspended if you become unwell or disabled.

Nationwide life insurance reviews and complaints

For its transparency and customer service, the BBB has awarded Nationwide an A+ rating. The Better Business Bureau has received 241 complaints about the company’s other items in the past three years.

1 out of 5 stars from customers despite the fact that Nationwide Life Insurance‘s life insurance agents are lauded for their dedication. The J.D. Power 2020 U.S. Life Insurance Study ranked Nationwide third out of 22 insurers.

You may check out our Mutual of Omaha Life Insurance Review to compare their offers.

Discover How Much YOU Can Save on Life Insurance

Our customers save as much as 35% compared to traditional life insurance offers…

Compare Quotes →

Avatar photo About the author: David Krug is the CEO/President of PolicyPeak, a modern and tech-driven life insurance company. David noticed a gap in the market for personalized policies at an affordable price. He founded PolicyPeak in 2022 with the goal of simplifying the buying process for consumers and offering policies tailored to their unique needs.