Nationwide
One of the greatest financial services companies in the world, Nationwide was established in 1925. It provides a wide range of services, including insurance for life, autos, homes, renters, and pets. The business's main office is in Columbus, Ohio. A strong selection of life insurance policies is provided by Nationwide. Although there are other possibilities with lower prices, the company's life insurance rates are on the lower end when compared to others. To bolster your coverage, you can add riders to both term and permanent insurance. Only term policies are compatible with an online application or quote.
Both term and permanent life insurance policies are available Nationwide. There are four types of them: whole, universal, indexed universal, and variable universal. Its Guaranteed Level Term policy offers the option to convert to a permanent policy, such as a whole or universal policy, and has a fixed premium for the duration of the policy. A survivorship policy, which is an indexed universal life policy, is also available. Depending on the type of insurance, coverage options vary; while many start at $100,000, there are certain exceptions. For instance, the whole-life policy often starts at just $10,000 in coverage, whereas the survivorship policy starts at $250,000. Up until age 95, the Guaranteed Level Term policy may be renewed annually; however, new applicants must be 70 years of age or younger. Applicants for whole and universal life plans must typically be no older than 80 or 85, depending on the policy and your location.
The life insurance alternatives offered by Nationwide are numerous, adaptable, and among the more cheap ones in our review. For its permanent life policies, it does not provide online quotes or applications.
Pros:
- The term, universal, and whole policies available
- Opportunity to customize coverages with riders
- Among the least expensive in our rating
Cons:
- Term applicants must be 70 or younger to qualify
- No online quotes or applications for permanent policies
Founded: 1925
Revenue: US$52,900M (2021)
Website: https://www.nationwide.com/
U.S. News Rating: 4.0/5.0
