Spencer Lodge Fund Advisers Dubai Life Insurance. Spencer Lodge MD of Fund Advisers Dubai Universal life insurance offers you the freedom to increase or decrease your policy’s death benefit to fit your individual needs. Policies have minimum and maximum premium amounts that you must meet to maintain your coverage, but the timing of payments can be flexible. Access to cash values Universal life insurance policies have a cash value that has the potential to increase over time. If financial needs arise, you can tap into your policy by taking tax-advantaged policy loans and making partial withdrawals without income taxes.

1. Flexible
protection
for what’s most
important in life
Your 5-minute guide to universal life insurance

2. Protection for
all the moments
that matter
• Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the As your personal situations change (e.g., marriage, birth
of a child or job promotion), so will your life insurance
needs. Care should be taken to ensure this product is
suitable for your long-term life insurance needs. You
should weigh any associated costs before making a
purchase. Life insurance has fees and charges associated
with it that include costs of insurance that vary with such
characteristics of the insured as sex, health and age, and
has additional charges for riders that customize a policy
to fit your individual needs.

3. institution • Not insured by any federal government agency • May lose value
In a financial environment that seems
to change every minute, it’s important
to know that you’ve taken steps to
protect your loved ones. A universal
life insurance product can help offer
security and financial flexibility as you
look toward the future.
3

4. 4
Universal life insurance is a type of permanent life insurance that offers
lifetime protection as well as features that can give you flexibility as needs change
over the years.
Flexible death benefits
and premiums
Universal life insurance offers you the freedom to increase or decrease your policy’s death benefit to fit your individual needs. Policies have minimum and maximum premium amounts that you must meet to maintain your coverage, but the timing of payments can be flexible.
Access to cash values
Universal life insurance policies have a cash value that has the potential to increase over time. If financial needs arise, you can tap into your policy by taking tax-advantaged policy loans and making partial withdrawals without income taxes.*
*The information regarding access to cash value assumes the contract qualifies as life insurance under Internal Revenue Code (IRC) Section 7702. Most distributions are taxed on a first-in/first-out basis as long as the contract remains in force and meets the non-MEC (Modified Endowment Contract) definitions of IRC Section 7702A. But if it is a MEC, then any distributions you take from your policy will generally be taxable and subject to a 10% penalty tax if you’re 59½ or younger. If you choose to take loans or partial surrenders, the cash value and the death benefit payable to your beneficiaries will be reduced. Surrender charges may apply for early surrenders and partial surrenders. Surrenders may be subject to income tax.
A look at universal
life insurance

5. Optional riders to customize your policy
Universal life insurance has optional riders, available for an additional cost, that can
help with things like long-term care expenses and life insurance coverage for a spouse
or children.
Tax advantages
All life insurance provides an income
tax-free death benefit to the policy’s beneficiaries. With proper structuring, the death benefit may be excluded from your taxable estate. Universal life insurance also offers tax-deferred accumulation, which
lets your earnings grow income tax free. Federal tax laws are complex and subject
to change, and the information here is
based on current understanding of the law; contact your attorney or tax advisor for answers to specific tax questions.
5

6. There are several different kinds of universal life insurance, offering features that range from a guaranteed death benefit to the ability to insure two lives with one policy. (Keep in mind that all guarantees are subject to the claims-paying ability of the company that issues the policy.) Here’s a quick look at each type.
Indexed universal life
Compared to other universal life products, indexed universal life gives you the potential for additional cash value accumulation because it tracks the performance of market indexes to help calculate the interest credited to the policy. It’s still fixed life insurance, so money is never actually invested in the market, which means you’re protected from market-based losses.
Current assumption
universal life
Current assumption universal life insurance emphasizes low-risk, conservative growth potential. The product offers financial flexibility and is designed to provide funding for education or retirement.
Types of universal
life insurance
6

7. 7
No-lapse guarantee
universal life
The death benefit is the focus with no-lapse guarantee universal life insurance. As long as the no-lapse premiums are paid as illustrated, the death benefit is guaranteed, no matter how long you live.
Survivorship universal life
Survivorship universal life insurance covers two people, such as spouses or business partners, and pays the death benefit after the second insured person passes away. This type of coverage is often used if one person is in poor health.
Single premium universal life
With this type of universal life insurance, you pay for the policy in one lump sum instead
of making payments over many years.
(Some single premium products give you the option of paying more premium in the second policy year.) Single premium universal life is commonly used to pass a legacy on
to beneficiaries.

8. If you’re considering universal life insurance, please keep the following points in mind:
•
Loans and partial withdrawals reduce both the cash value and the death benefit payable to your loved ones, and may cause the need for additional premium payments to the policy
•
If your policy lapses with an outstanding loan, it will be treated as a distribution and some or all of the amount may be taxable
•
Not all riders and features are available in all states and most riders have an additional cost
The fine print —
only bigger
8

9. 9
We’re glad you asked.
As a stable, Midwestern company with more than 80 years of experience, we’re conservative by nature. And, because we’re in the business of offering annuities, life insurance, retirement plans and mutual funds, we know risk management and take many steps to protect our policyholders.
We’re proud of the company we keep and the company we’ve built along the way. Nationwide is a Fortune 100 company1 with 32,601 associates,2 making us one of the largest financial services companies in America. Through the years, we’ve worked hard to build things you can rely on:
• Diversified sources of earnings
and cash flows
• A strong balance sheet
• A sound and disciplined
investment policy
• A long history of maintaining a
quality investment portfolio
Spend some time with us and you’ll
quickly see a difference. Our conservative, family-based culture allows us to bring a unique brand of personalized service to our customers. We call it being On Your Side® and it’s what drives us to help you protect what’s important to you.
Welcome to the Nationwide family.
1 Based on revenue, Fortune magazine (05/12).
2 12/31/11.
Why Nationwide®?

10. 10

11. 11
For more information about universal life insurance, contact your insurance professional today.

12. Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.
Nationwide, Nationwide Financial, the Nationwide framemark
and On Your Side are service marks of Nationwide Mutual Insurance Company.
© 2012 Nationwide Financial Services, Inc. All rights reserved.
LAM-1755AO (07/12)