Nationwide Life Insurance Review

Nationwide Life Insurance is an insurance carrier based in Columbus, OH. The company was founded in 1926 and offers life insurance in 50 states (and Washington, DC).

What types of life insurance coverage does Nationwide Life Insurance offer?

Insurance carries typically offer a wide variety of policies. One of the best ways to save money on life insurance is to avoid unnecessary coverage. Only purchase policies and riders you actually need.

Here is at brief description of the coverage Nationwide Life Insurance offers.

• Term Life Insurance - This is the simplest type of life insurance. It is payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Nationwide Life Insurance offers term lengths ranging from 10 to 30 years.
• Whole Life Insurance - Whole life insurance policies remain in force for the entire life of the policyholder provided premiums are paid.
• Universal Life Insurance - This type of policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.
• Variable Universal Life Insurance - Provides the most flexibility when it comes to investing the cash value of a universal life policy in separate accounts with "variable" values.

As well as the basic coverage types mentioned above, Nationwide Life Insurance also offers the following policies:

• Final Expenses - Even bare-bones funerals can cost thousands of dollars. This policy, also known as burial insurance, covers funeral and burial costs.

What is the financial strength rating of Nationwide Life Insurance?

The financial strength rating of a life insurance company scores its ability to pay contracts and policies. SuperMoney gives Nationwide Life Insurance an A+, which is the highest available rating we give.

SuperMoney's financial strength rating is primarily based on the average score from insurance rating agencies.