Yes, even though Nationwide is primarily known as a property and casualty insurance company they do have a life insurance division along with investment companies and banks. However it is always wise to shop around for life insurance and not just purchasing the first one that you find. I recommend using an independent experienced agent to shop multiple companies to find the best product at the best price on the market.
Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Nationwide does offer life insurance, however, they're known primarily for their property and casualty insurance.
A common question we see from persons with their auto insurance, home insurance, etc. from a propertly and casualty insurance company who are looking for life insurance is "do I get any discounts for having my life insurance through them as well?" - the answer is NO. Carriers cannot discount their life insurance rates under the guise of a multi-policy discount like they may with auto insurance and home insurance. Life insurance is a different marketplace from property and casualty insurance.
If you're looking for life insurance coverage, you should consult with an experienced independent life insurance broker who can shop the case for you among a large number of places to determine which carrier will be able to offer you the lowest rates for the desired coverage. Please note, the most important factor when looking for life insurance is the RISK CLASSIFICATION that you qualify for - the risk classification determines the premiums for the program. Without knowing the details of your medical history, any quotes any agent provides are pretty much just guestimates and are for the most part, meaningless.
Each carrier has different underwriting so you may be looking at preferred with one carrier, and standard with another - the result being one carrier offering the coverage at a lower price than others. At the same time, you don't want to apply to multiple companies at the same time as this works against you - it's basically a sort of red flag to insurance companies. You want to try to get it right the first time which is where a broker comes in handy because they can shop it for you with the medical history and get you in the right direction - brokers also don't charge fees for their services so it can only help you.
I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions. Thanks very much.
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
Having represented Nationwide for nearly 30 years here in Connecticut, I can tell you that we do indeed offer Life Insurance solutions. Nationwide has a wide array of Life Insurance products that are designed to meet almost every need and purpose for families and businesses. The Company's financials are extremely good and ranked very well in the industry so you can feel very confident that a Life Insurance solution that you purchase today will be serviced well by your Nationwide Professional and will be there to meet your loved one's needs when it it necessary.
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A common question we see from persons with their auto insurance, home insurance, etc. from a propertly and casualty insurance company who are looking for life insurance is "do I get any discounts for having my life insurance through them as well?" - the answer is NO. Carriers cannot discount their life insurance rates under the guise of a multi-policy discount like they may with auto insurance and home insurance. Life insurance is a different marketplace from property and casualty insurance.
If you're looking for life insurance coverage, you should consult with an experienced independent life insurance broker who can shop the case for you among a large number of places to determine which carrier will be able to offer you the lowest rates for the desired coverage. Please note, the most important factor when looking for life insurance is the RISK CLASSIFICATION that you qualify for - the risk classification determines the premiums for the program. Without knowing the details of your medical history, any quotes any agent provides are pretty much just guestimates and are for the most part, meaningless.
Each carrier has different underwriting so you may be looking at preferred with one carrier, and standard with another - the result being one carrier offering the coverage at a lower price than others. At the same time, you don't want to apply to multiple companies at the same time as this works against you - it's basically a sort of red flag to insurance companies. You want to try to get it right the first time which is where a broker comes in handy because they can shop it for you with the medical history and get you in the right direction - brokers also don't charge fees for their services so it can only help you.
I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions. Thanks very much.