Policy cash value:
your money, your choice

New Heights® IUL provides flexible access to a source of tax-free income you can use whenever you want, for whatever you choose

Covering the costs of life events

If you’d like to help loved ones cover a portion of major milestones such as college, weddings and first home purchases, New Heights IUL can help. It also provides a source of funds you can use for unexpected events like home repairs or medical expenses. Whatever the occasion, the choice is yours. Once cash value has accumulated in your policy, you can easily access it via policy loans and withdrawals.1

  • Tax-advantaged loans – policy loans allow you to borrow money against your policy’s cash value tax-free at any
    time. New Heights IUL features fixed interest and variable interest rate loan options.
  • Withdrawals – partial surrenders allow you to withdraw money from your policy and will reduce your policy’s
    surrender value and death benefit. Cash value gains are credited on an income tax-deferred basis. You can take
    withdrawals up to your cost basis without paying taxes, as long as your policy remains in force and is not a
    modified endowment contract.

1 As long as the policy is not a modified endowment contract. The policy design you choose may impact the tax status of your policy. If you pay too much premium, your policy could become a modified endowment contract (MEC). Distributions from a MEC may be taxable. Loans and withdrawals from the cash value may affect the death benefit and may require the need for additional premiums. If you choose to take loans or withdrawals, the cash value and the death benefit payable to your beneficiaries will be reduced.

If you surrender all or part of the policy, the surrender may be subject to income taxes and surrender changes may apply.

Guarantees are subject to the claims-paying ability of the issuing insurer. Past index performance is no indication of future crediting rates. Also, be aware that interest crediting fluctuations can lead to the need for additional premiums to be paid into your policy.

Life insurance is issued by Nationwide Life and Annuity Insurance Company, Columbus, Ohio.

Nationwide, the Nationwide N and Eagle, Nationwide is on your side and Nationwide New Heights are service marks of Nationwide Mutual Insurance Company. © 2021 Nationwide

Policy Form #: ICC 18-NWLA-558
Nationwide New Heights IUL Accumulator 2021

FLW-0164AO.1 (10/20)