On January 1, 2020, Nationwide® will only offer products that are 2017 Commissioners Standard Ordinary (CSO) compliant. These are industry-wide regulatory efforts that impact mortality tables used in pricing requirements. In preparation for this transition, Nationwide is putting the following rules in place to ensure the best customer experience and compliance to regulations.
Beginning Monday, December 9, 2019, Nationwide will no longer accept applications for any products using 2001 CSO pricing.
All applications received on December 9, 2019, and later, will be for 2017 CSO compliant products.
Any pending applications, received prior to December 9, 2019, will continue to be underwritten as such but will need to be ISSUED by December 31, 2019, or they will need to transition to a 2017 CSO compliant product.
The following chart shows the 2001 CSO Compliant products that will be unavailable for sale after 12/9/19:
| Nationwide YourLife CareMatters® |
| Nationwide YourLife Current Assumption UL |
| Nationwide YourLife Indexed UL |
| Nationwide YourLife Indexed UL Accumulator |
| Nationwide YourLife Indexed UL Protector |
| Nationwide YourLife No-Lapse Guaranteed SUL II |
| Nationwide YourLife No-Lapse Guaranteed UL |
| Nationwide YourLife Accumulation VUL |
| Nationwide YourLife Protection VUL |
| Nationwide YourLife Survivorship VUL |
The following chart shows the 2001 CSO Compliant products that will be repriced with 2017 CSO Compliant pricing:
| Nationwide YourLife CareMatters (CA & NY only) |
| Nationwide YourLife Whole Life 100 |
| Nationwide YourLife 20-Pay Whole Life |
The following chart shows the products currently available for sale that are already 2017 CSO Compliant:
| Nationwide CareMatters® II |
| Nationwide Indexed UL Accumulator II |
| Nationwide Indexed UL Protector II |
| Nationwide Survivorship Indexed UL (targeted in Q4 2019) |
| Nationwide No-Lapse Guarantee UL II |
| Nationwide VUL Accumulator |
| Nationwide VUL Protector |
| Nationwide YourLife 10, 15, 20, 30-year Term GLT |
*all dates subject to product and state approvals
For New York Only
The following chart shows the 2001 CSO Compliant products that will be unavailable for sale after 12/9/2019 in NY:
| Nationwide YourLife Current Assumption UL |
| Nationwide YourLife Indexed UL |
| Nationwide YourLife No-Lapse Guaranteed SUL II |
| Nationwide YourLife No-Lapse Guaranteed UL |
| Nationwide YourLife Accumulation VUL |
| Nationwide YourLife Protection VUL |
| Nationwide YourLife Survivorship VUL |
The chart below shows the 2001 CSO Compliant products that will be repriced with 2017 CSO Compliant pricing beginning on the following dates:
| Nationwide YourLife Whole Life 100 (9/9/2019) |
| Nationwide YourLife 20-Pay Whole Life (9/9/2019) |
| Nationwide YourLife CareMatters (12/9/2019) |
The following chart shows the products currently available for sale that are already 2017 CSO Compliant (or coming soon) in NY:
| Nationwide No-Lapse Guarantee UL II (12/9/2019) |
| Nationwide YourLife Indexed UL Accumulator (12/9/2019) |
| Nationwide YourLife Indexed UL Protector (12/9/2019) |
| Nationwide YourLife 10-, 15-, 20-, 30-year Term GLT (currently available) |
*all dates subject to product and state approvals