Universal Life Insurance through Nationwide Financial Groups
Nationwide Commercial Financial Group also offer universal life insurance. Universal life insurance assures policy holders protection via life insurance while cash values are accumulated with interest, and is tax-deferred. Several nationwide financial groups offer flexibility by letting the policy holder vary premiums while maintaining the policy.The interest that the cash value accumulates is determined by the nationwide financial groups. Most, if not all universal life insurance policies offer life coverage permanently while guaranteeing a fixed interest rate or a rate pegged at an index of interest rates. These cash values can be withdrawn as long as the policy is still active. Death benefits that the life insurance provides are usually income tax-free, depending on the provider’s policies.
