Nationwide® has updated the illustration requirements for Survivorship products beginning on September 7, 2018.

Changes:

  • Nationwide Marathon® SUL II – The face amount will be limited to $10M for both Nationwide Marathon SUL II and Nationwide YourLife® SUL II
  • Nationwide YourLife® Survivorship VUL – No longer able to solve for a lapse rate under the age of 100

Key Dates:

  • Sep 7 – Nationwide Life Illustrator and Winflex illustrations systems will be updated with the new restrictions
  • Oct 1 – All formal and trial applications must be receive at the Nationwide home office. Trial applications received by 10/1 are eligible to become formal applications after this date.

Pending cases in underwriting and in-flight trial applications are eligible to proceed as is. Cases illustrated prior to these restrictions may be eligible for consideration if applications are received by 10/1. We understand revised illustrations may be needed for your case and we are able to run your revised illustrations at the home office.

Securities offered through The Leaders Group, Inc. Member FINRA/SIPC 26 W. Dry Creek Circle, Suite 800, Littleton, CO 80120, 303-797-9080.

GBS Insurance and Financial Services, Inc. is not affiliated with The Leaders Group, Inc. You may check the background of investment professionals on FINRA Broker Check

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