Nationwide Financial Services has changed its corporate life insurance business from Corporate Insurance Markets to Nationwide Business Solutions Group (NBSG), as part of expanding its corporate life insurance offerings.
Nationwide said the expansion is to include solutions for small business customers while continuing to serve traditional mid- to large-case customers.
As part of Nationwide’s expanded focus, it plans to increase both the product offerings and service capabilities in 2011 to serve a broader group of corporate life insurance customers than ever before.
According to the Nationwide, the expanded product offerings include universal life and variable universal life products specifically designed for the business consumer.
Nationwide Financial vice president and leader of the NBSG team April VanDervort said the vision is to be the premier provider of financial solutions for businesses and key contributors within those businesses.
"Our specialized team advocates for customers by delivering On Your Side service, as well as competitive products and solutions based on the unique needs of each business and the advisors who serve that business," VanDervort said.