Nationwide Life Insurance Review [2021]

Nationwide life insurance is just one of the many insurance products offered by Nationwide. You can find Nationwide life insurance products in all 50 states. Nationwide sells term life, whole life, and universal life insurance coverage. A.M. Best gave it an A+, and J.D. Power ranked it third of all life insurance companies for customer satisfaction.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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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: Mar 2, 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 company and cannot guarantee quotes from any single company.

Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above 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.

Quick Facts

  • Nationwide has been in business for nearly 100 years; the company was founded in 1925
  • Nationwide is one of the largest insurance companies in America; it offers a wide variety of insurance products for consumers to purchase
  • Nationwide life insurance coverage is available in all 50 states

Nationwide life insurance is just one of the products offered by this insurance giant. You’re probably familiar with Nationwide’s auto insurance commercials, but Nationwide pet insurance and Nationwide retirement services are offered among many other products.

For the sake of this review, we will only be looking at Nationwide’s life insurance product offerings, including its term life insurance products. There are four main life insurance products that Nationwide sells, and we will take the time to review them all.

The Nationwide life insurance company is nearly 100 years old. It operates across the country and offers different insurance and financial services products. You’ve likely heard of this company before. We hope to help educate you on the life insurance products available from Nationwide.

Before learning more about Nationwide life insurance, enter your ZIP code above to compare life insurance rates from top companies in your area.

What are Nationwide’s life insurance rates?

To get specific details about Nationwide life insurance rates, contact a Nationwide life insurance agent in your locality. Your life insurance rates will vary based on your age, lifestyle, gender, and more.

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What life insurance products does Nationwide offer consumers?

There are four main types of life insurance policies sold by Nationwide.

It sells term life insurance, whole life insurance, universal life insurance, and variable universal life insurance. Each of these policies has its advantages. The policy you choose should be best suited to meet your needs.

Nationwide life insurance is not what this company is best known for providing, but this company does have some good life insurance products that consumers may be interested in, especially if they already have another type of insurance policy with Nationwide.

Let’s take a closer look at the life insurance policies Nationwide has and explore their various benefits.

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What should I know about Nationwide’s term life insurance policies?

Nationwide’s term life insurance policies can be purchased with 10-, 15-, 20-, or 30-year terms. Nationwide life insurance quotes will be most affordable for term life insurance policies because they expire at the end of the term.

These life insurance policies are generally best at serving younger individuals who are concerned with protecting income or debt like a mortgage in the event of their untimely death.

Nationwide gives its term life insurance customers the option to convert their policy into a permanent life insurance policy before they turn 65.

Sample Average Female Monthly Life Insurance Rates for a 20-year term $250,000 Policy by Age and Company
CompanyAge 50 Average Monthly RatesAge 60 Average Monthly Rates
American Amicable$58.50$136.35
 Banner $31.17 $78.83
Cincinnati Life $27.28$56.76
Fidelity Life $45.68$58.32
 Foresters $31.94 $85.97
John Hancock$33.92$78.08
Liberty Mutual$32.94$59.76
 Lincoln $32.77 $160.13
 Mutual of Omaha $36.05 $94.02
Haven Life$21.54$48.09
MassMutual$31.08$63.58
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The cool thing about term life insurance is that your premiums stay level for the duration of your policy. So if you buy term life insurance coverage when you are young, you lock in that cheap premium for the lifespan of the policy.

What should I know about Nationwide’s whole life insurance policies?

Whole life insurance is a lot different than term life insurance. For one, whole life insurance lasts for the duration of your life. These policies also have a cash value component that grows every time you make your premium payments.

Whole life insurance tends to be a lot more expensive than term life insurance. Mainly for the reasons listed above. This type of life insurance is great for people who want to lock in life insurance coverage for a lifetime.

Nationwide offers whole life insurance customers the ability to pay their premiums annually, semi-annually, quarterly, or monthly. What is cool about Nationwide’s whole life insurance products is that they can be paid off after a certain amount of years.

This means you can get life insurance coverage without the premium payments. The availability of this feature depends on the specifics of your whole life insurance policy and its benefit amounts.

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What should I know about Nationwide’s universal life insurance policies?

Universal life insurance is a form of permanent life insurance that is similar to whole life insurance policies.

Universal life insurance also has coverage that lasts a lifetime and a cash value, but universal life insurance coverage gives consumers more flexibility than traditional whole life insurance policies.

Universal life insurance policies allow policyholders to adjust their premiums and death benefits as their needs change. Nationwide also offers variable universal life insurance, which is the same as universal life insurance except that the cash value is invested in a market index.

This gives you a variable interest rate based on the market’s performance. This means you will be incurring more risk with your cash value if the market trends downward. However, many variable universal life insurance policies will ensure that you don’t incur a negative interest rate.

Does Nationwide allow you to access your policies online?

Yes, you can access all of your Nationwide insurance policies in one place on its easy-to-use website. You simply need your Nationwide login details to access your account online, manage your policies, and update your coverages.

Do consumers like Nationwide life insurance?

Nationwide performs very well in customer satisfaction surveys. J.D. Power’s most recent study has Nationwide ranked third out of all the life insurance providers in the United States when it comes to overall customer satisfaction.

If people are happy with Nationwide, you can be confident that its customer service is as good as the life insurance products that it sells.

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Is Nationwide financially strong?

According to A.M. Best, Nationwide has a financial strength rating of A+. This is the second-highest possible financially rating score. Nationwide is very strong financially, and it should be able to make all of its benefit payments on time and in full.

Nationwide Life Insurance: The Bottom Line

When it comes to insurance products, Nationwide has it all. This company has competitive term life insurance rates, whole life insurance policies, and the option to choose a variable universal life insurance policy.

You can likely save even more money on your life insurance if you buy multiple insurance policies with the company and bundle.

If you are in the market to buy Nationwide life insurance, you now know everything you need.

However, enter your ZIP code below to compare life insurance rates from the top companies in your area.

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