Nationwide IUL and VUL cap, par and spread rate increases

Nationwide is pleased to announce higher cap and participation rates on all strategies in our currently-sold Nationwide IUL products. Also, for currently-sold Nationwide IUL and VUL products, we’re improving the spread rate on the uncapped S&P 500^® where applicable and increasing the fixed account rate.

The improved rates apply to the New York IUL products as well.

• Life illustration software will be updated for all applicable strategies and new maximum illustrative rates for all products
• Premium received on this date or later will receive the new cap, participation and spread rates 

July 15, 2024 – Rate change effective date

• Segments created on this date will receive the new rates
• Includes new premium, transfers (including DCA) and matured segment reallocations

Details here.