Nationwide is pleased to announce an increase in cap and participation rates for nearly every strategy in our Nationwide IUL Accumulator II 2020 product and Nationwide IUL Accumulator II 2020 and Nationwide New Heights IUL Accumulator 2020 products. The increase is making the high participation rates even higher in our volatility control indexed interest strategies.
All the changes go into effect October 15, 2023. This means that starting September 16, 2023, any premiums going into those indexed interest strategies will benefit from the new higher rates.
- September 16, 2023: New premiums received on or after this date will receive the new rates
- September 22, 2023: Life illustration software will be updated with the new cap rates, participation rates and new maximum illustrative rates
- October 15, 2023:Segments created on this date will receive the new rates, including new premium, transfers (including DCA) and reallocations of matured segments