Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Feb 22, 2021

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Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.

Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from top life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

Company Details
Address: One Nationwide Plaza
City: Columbus
State: Ohio
ZIP Code: 43215
Phone Number: 1-800-882-2822
Year Founded: 1925
AM Best Rating: A+
Company Rating 0 (0 reviews)

Nationwide has been in business for nearly 100 years, selling a variety of insurance products, including Nationwide pet insurance, and offering a number of financial services and counseling, including their Nationwide retirement services.

This review, however, will focus on Nationwide life insurance and the products and services they provide in this sector.

Nationwide life insurance comes in a number of different policy types, including term life insurance, which we will explore in greater detail below. We’ll also take a look at Nationwide customer service reviews and financial stability.

If you’re ready to learn more about Nationwide and all of its life insurance product offerings, continue reading below for a review of Nationwide’s life insurance.

Ready to buy life insurance? Enter your ZIP code above to compare life insurance rates from the top companies in your area.

What types of life insurance policies are sold by Nationwide?

Nationwide sells four main types of life insurance products. These include term life insurance, whole life insurance, universal life insurance, and variable universal life insurance. Nationwide insurance quotes are available either online or over the phone.

While Nationwide is not primarily known for its life insurance offerings, this company has a lot of great life insurance policies to offer consumers. Let’s take a closer look at the specific life insurance policies Nationwide offers.

Nationwide Term Life Insurance

Term life insurance is often the most affordable type of life insurance coverage available to consumers. Check out the table below for sample Nationwide life insurance rates based on age and health rating.

Sample Term Life Insurance Monthly Rates from Nationwide Based on Age and Health
AgeHealthMonthly Rates
35Excellent$15.75
45Excellent$29.53
45Average$53.35
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Nationwide offers term life insurance policies with terms of 10, 15, 20, or 30 years. Term life insurance is often purchased by younger people when they have a greater need to protect their income should they pass away prematurely.

Nationwide guarantees your premiums for the duration of your policy. They will never get more expensive, even as you age. Nationwide also gives consumers the option to convert their term life insurance policy into a permanent life insurance policy until the individual turns 65 years old.

Any benefits paid out from your policy are generally income-tax-free. Term life insurance policies are great for covering income or ensuring that the mortgage will be paid off in the event you pass away early.

Nationwide Whole Life Insurance

Whole life insurance differs from term life insurance in a couple of major ways:

  • First, whole life insurance lasts for the duration of the insured person’s life.
  • Second, whole life insurance has a cash value that can be borrowed against in times of financial need.

With Nationwide whole life insurance, your premiums remain stable for the entire duration of your policy. Consumers have the option to pay their premiums annually, semi-annually, quarterly, or monthly.

What is different about Nationwide’s whole life insurance coverage is that for some policies, you can pay them off after a set amount of years and retain coverage for the remainder of your life.

It is important to note that whole life insurance policies will be a lot more expensive than term life insurance policies due to the fact that these policies have a cash value and never expire.

Nationwide Universal Life Insurance

Nationwide offers basic universal life and variable universal life insurance. Universal life insurance policies are very similar to whole life insurance policies in that they last for the remainder of your life, and they have a cash value.

Universal life insurance offers more flexibility when it comes to paying premiums, and these policies grow cash value with interest.

In basic universal life insurance policies offered by Nationwide, the cash value of the policy grows at a set interest rate determined by the company.

Variable universal life insurance differs from standard universal life insurance in the way that the cash value of the policy is handled. In variable universal life insurance policies, the cash value can be invested in the market.

This means your cash value can grow much larger than the rate it would under a regular universal policy. However, it also means that your cash value might not grow as fast if it is invested in an underperforming market. There is more risk associated with variable universal life insurance policies.

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Can I access my Nationwide policy online?

Yes, your Nationwide insurance policy is available for management online. You simply log in to the Nationwide website. Here you will be able to see all of your policies and manage them accordingly.

How do consumers feel about Nationwide’s customer service?

Customers seem to be very pleased with Nationwide’s products and customer service when it comes to life insurance. J.D. Power has Nationwide ranked third out of all life insurance companies when it comes to overall customer satisfaction.

It is important to choose a life insurance company that consumers are satisfied with. This means there are few complaints and good service offered by the company.

How strong is Nationwide financially?

According to A.M. Best, an independent financial review company, Nationwide has a financial strength rating of A+. This is the second-highest possible rating from A.M. Best.

It is important to choose a financially strong life insurance company if you want to receive your benefit payments in a timely fashion.

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Nationwide Life Insurance: The Bottom Line

Nationwide is a large insurance company with a number of other insurance product offerings. Their life insurance products include term life, whole life, universal life, and variable universal life insurance policies.

Nationwide is a large insurance company and their products are available in all 50 states. No matter what type of life insurance policy you are looking for Nationwide likely has the policy to meet your needs.

Ready to purchase life insurance coverage? Enter your ZIP code below to compare life insurance quotes from the top companies in your area.