NFS' YourLife Survivorship Variable Universal Life product to offer accumulation and death benefit protection

Nationwide Financial Services (NFS) has launched a new version of its YourLife suite of life insurance products – YourLife Survivorship VUL. Its a variable universal life product for couples seeking a cost-effective way to insure both their lives. It is also likely to aid in availing medical coverage, said the company.

The product offers accumulation and death benefit protection, and can adjust to each client as his or her life changes. It offers a customisable death benefit guarantee rider.

Peter Golato, Senior Vice President, NFS, said: “Our new YourLife Survivorship VUL product offers consumers a way to create a legacy compared to purchasing two individual policies, allowing them to leave more to their children, grandchildren or a favorite charity. Generally, the client is looking for death benefit protection in amounts starting at $2.5 million.”

NFS is a Columbus, Ohio-based insurance and financial services company, which provides a chain of personalised insurance and financial services.