Nationwide Life Insurance Company Reviews

Nationwide Life Insurance Company Reviews
Table of Contents
    Add a header to begin generating the table of contents

    If you’re in search of a Nationwide Life Insurance Company reviews, you’ve found what you’re looking for. Nationwide Life provides a variety of life insurance policies for a large number of people throughout the country. They have an A+ (excellent) life insurance companies rating from A.M. Best, but are they the best choice for your coverage needs? 

    While Nationwide Insurance is an outstanding organization, it’s not the only life insurance company out there. Which life insurance company is best for your needs will depend on a variety of factors. Let’s get to it!

    Nationwide Life Insurance Company

    Financial Strength
    Review Summary

    The Nationwide Life Insurance Company offers shoppers a variety of life insurance products, but might not be the best choice based on your health, age or type of coverage you're seeking.

    Very Good!

    Nationwide Life Insurance Review

    Is the Nationwide Life Insurance Company the best company for you? Will they provide you the best rate based on your health, lifestyle and other qualifying criteria?

    Let’s find out, but first…

    About Nationwide Life Insurance

    For almost nine decades, Nationwide Insurance has provided services to its clients and has grown from a small Ohio-based company into a national company. To get a better understanding of their services and if they are suitable for your requirements, it is vital to be mindful of the company’s origins, what they offer policyholders, and how they handle life insurance.

    Nationwide History

    On December 17th, 1925, Nationwide company started out as the Ohio Farm Bureau Federation. It later incorporated with the Farm Bureau Mutual Automobile Insurance Company. In less than 5 months, the initial agents recruited more than a thousand policyholders and began servicing the public.

    Ohio farmers were their first customers, and the product they began with was auto insurance. Three years after its launch, the company started to expand into other states. By the time the 1930s came around, the company had started to underwrite for non-farmers who resided in both populated cities and small towns.

    At this point, the organization expanded even further by providing policies for fire insurance.

    By 1955, the organization had its name changed from Farm Bureau Insurance to Nationwide Insurance. They had expanded into many more states along the West Coast.

    In 2017, Nationwide Insurance offices can be found in all 50 states and offer various kinds of policies for their customers.

    Nationwide Life Insurance Products

    Nationwide provides shoppers a variety of life insurance types and products. Here are some of the life insurance products that Nationwide offers consumers:

    Nationwide YourLife Guaranteed Level Term

    Think about getting term life insurance for divorce life insurance, mortgage protection, or SBA loans. There are a few kinds of term life policies to choose from:

    You can buy them in 10, 15, 20, and 30-year terms and obtain coverage that ranges from $100,000 to $5 million.

    Adults up to the age of 70 years old can buy these policies, and there is no yearly fee, either.

    Further, life insurance riders are available for the policies that include accelerated or living death benefits, spouse protection, child protection, and the waiver of the policy’s premium.

    Term life insurance riders available:

    Life insurance riders are a way to customize your insurance plan. Nationwide offers:

    Nationwide YourLife WL 100

    Think about universal or whole life insurance for business succession or estate planning, such as financing a buy-sell agreement.

    Adults can buy whole life policies up to the age of 80 years old with a $10,000 minimum death benefit. Whole life policies generally increase in value over time and can be cashed out upon reaching the maximum benefit level. There are several riders also included, such as:

    Nationwide YourLife No-Lapse Guarantee UL

    With Nationwide YourLife No-Lapse Guarantee UL, adults up to the age of 85 years old can obtain guaranteed universal life insurance, which comes with a $100,000 minimal death benefit. Additionally, there is a 3% interest rate over the policy’s course, and the riders are the same as whole life, but with some extras:

    Also available is variable universal life, which resembles the regular version, but does come with 6.5% in variable premium fees.

    Nationwide Life Insurance Pros

    Nationwide Insurance provides powerful life insurance policies that offer excellent protection, fair premiums, and several different riders to accommodate your personal needs.

    Strong Ratings: Nationwide has established a solid reputation and is very reliable with regards to their insurance service, including their life policies. Shoppers are concerned that the company they apply with may someday enter bankruptcy. Nationwide’s A+ A.M. best rating scale should make you feel secure.

    Great Rates: Nationwide provides economical rates for many of their riders, policies, and benefits, making them a sound investment for life insurance. Also, their term life provides substantially low rates, too.

    Longevity: One factor of life insurance that most people take for granted is how long a company has held a policy.

    Nationwide has nine decades under its belt and doesn’t show any signs of going away anytime soon.

    As such, you can take comfort in knowing that the organization will be there for you for as long as your policy remains in effect.

    Nationwide Life Insurance Cons

    Nationwide Insurance is a terrific life insurance company.

    They should be kept in mind when browsing companies to purchase life insurance from.

    With that said, Nationwide Life has its flaws.

    Just understand that there are alternatives that offer cheaper rates for their policies on specific term lengths and face amounts.

    Additionally, Nationwide Life may not be ideal if you have specific pre-existing conditions, like life insurance for diabetics.

    As such, it might be practical to go over all your choices before seeking out coverage.

    Will Nationwide give you the best rate?

    Will Nationwide get you the best deal or some other company like GEICO, AIG, AAA or Transamerica? If you want to make sure you’re getting the best life insurance policy available, here’s what you need to do…

    Compare Quotes

    Use our online instant calculator to compare rates from dozens of the top companies.

    Total Time Needed: 5 minutes
    Total Cost: 0 USD

    Required Tools:

    - A Computer.
    - Internet Connection.

    Things Needed?

    - A pen
    - A piece of paper

    Steps to get an accurate quote

    Use the calculator on this page or click the link above to visit our instant quotes page.
    Step 2 : Input coverage details
    Fill out the basics about what you’re wanting, how much coverage, for how long, etc. That way we can understand your situation before we can help you. Complete the calculator details as accurately as possible, and be absolutely sure your contact information is correct so we can reach you.
    Step 3 : Get help from a licensed agent
    Once you’ve filled out the calculator, one of our licensed agents will  provide you all your options and plan out who will provide you the best rate based on your specific health and goals. All of the recommendations will be based off of the details you provide. It’s very important that you're honest and answer your agent's questions accurately. 
    Step 4 : Compare realistic rates
    This is where we really begin working to figure out exactly which company will get you the best rate, and how to make it happen. There are literally hundreds of companies and thousands of policy options available. We'll make sure you get the best one based on what you'll qualify for.

    Nationwide Case Study

    I recently had a case with a young man looking to secure coverage for his family. He recently had a child and wanted to secure a $1 million dollar term life insurance policy at a 30 year term.

    He had a complex health history that required me to contact each life insurance company’s underwriters directly. I provided every life insurance company his details of his case (anonymously) and received back their tentative offers.

    Many of the life insurance companies declined to offer and the remaining companies replied back with Substandard health class ratings.

    Nationwide replied back with a rating of “Standard”!

    We applied and my client was ultimately approved at Standard to which he was ecstatic because it saved him thousands of dollars over the duration of the 30 year term policy.

    life insurance tip

    Make sure you always work with an independent agent who can shop form multiple companies. A better plan and a lower rate is possible when your agent understands your specific health, lifestyle and situation.

    Nationwide Life Insurance Company Reviews

    Is Nationwide the best term life insurance company for you? When compared to the other top rated life insurance companies like Equitable Life Ins, Nationwide may or may not be the best fit for you. When it comes to life insurance policies, not every life insurance company looks at you the same.

    Your unique lifestyle and health will be a major factor in finding the right company at the best rate. We can help you determine the right one during a complimentary consultation.

    Our recommendation

    Always work with a licensed life insurance broker. Here’s why: our clients get personal service and access to over 60 of the best life insurance companies in the market. Since we can shop your case to multiple companies, you’re going to get the best rate that you can qualify for based on your health and other qualifying criteria.

    We don’t push specific companies or try to rush you into applying. We’ll provide you education, answer your questions and recommend the top life insurance companies available to you.

    We hope that our post, Nationwide Life Insurance Reviews was helpful. Please leave a comment or question below.

    Nationwide Company Details

    Name(s): Nationwide Life Insurance Company; Nationwide Financial Services; Nationwide Mutual Insurance Company; Nationwide Life and Annuity Company


    One Nationwide Plaza
    Columbus, OH 43215-2220

    Phone: (800) 882-2822


    Ratings:  A.M. Best (A+), Standard & Poor’s (A+), Comdex (91), Moody’s (A1)

    Michael Quinn

    Michael Quinn

    Michael is a licensed life insurance agent, expert & owner of Life Insurance Blog. LIB has helped thousands of shoppers understand life insurance and secure affordable coverage.

    Share this post with your friends & Family