Effective October 7, 2019, Nationwide is repricing the current Yourlife Guaranteed Level Term products. The new pricing on these products will decrease or remain unchanged. The new pricing applies to all new business, effective October 7, 2019.
Important Dates
| Application Signed Date Sunday, October 6, 2019 |
“In Good Order” applications must be signed by October 6, 2019, to receive the old pricing (pre-October 7, 2019 pricing). Applications signed after this date will receive the new pricing. |
| Application Received Date Friday, October 18, 2019 |
Applications signed by October 6, 2019, must be received at Nationwide no later than October 18, 2019, in order to receive the old pricing. |
| Funding Deadline Friday, December 6, 2019 |
Applications signed by October 6, 2019, and received by October 18, 2019, must be in force and funded by December 6, 2019. A Policy Date of October 6, 2019, or prior will be applied to the issued policy.
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Backdating
Applications signed after October 6, 2019, must use the new pricing and therefore cannot be backdated prior to October 7, 2019, for any reason. Normal backdating rules and the old product pricing apply to applications signed on or before October 6, 2019, if the “Important Dates” criteria above are met. Backdating is considered applying a Policy Date (Issue Date) to a policy that is prior to the application signed date.
Underwriting Deadline
Sunday, October 6, 2019
- Last day to reopen a current Nationwide Yourlife GLT application that was closed due to outstanding underwriting requirements or was considered “Not Taken.”
- If not reopened by this date, it will be considered an application for the newly priced Nationwide Yourlife GLT product, regardless of the original application date.