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  • Nationwide to offer term life insurance through local independent agencies

    April 2, 2024 by Nationwide

    Columbus, OH – Nationwide is now offering term life insurance through local independent agencies to protect more people, businesses and futures with extraordinary care.

    Nationwide Brokerage Solutions (NBS) and its 14,500 affiliated local agencies will get access to Nationwide’s best-in-class underwriting process and products, delivering fast and competitive decisions and solutions to succeed in selling term life insurance.

    The shared goal is to drive greater awareness of the benefits and flexibility of term life insurance. Protecting one’s family during critical life stages in the event of an unforeseen circumstance is a common purchase reason. Another is business owners needing solutions for business succession, retirement and estate planning or key employee risk mitigation issues.

    Additionally, living benefits imbedded in the term product design, including chronic, critical and terminal illness features allows one to access a portion of the death benefit when one of life’s unexpected events occurs. Policies can even be later converted to permanent insurance as needs change.

    “By offering term life insurance through NBS agents, Nationwide builds upon our strategic goal of protecting more people,” said Andrew Burge, vice president of business development for Nationwide’s life insurance business. “Our partnership will create opportunities for NBS affiliated agents to market a broader array of financial solutions to their clients and customers.”

    For nearly 50 years, NBS has connected local agents with industry-leading carriers, offering broad solutions, expertise and tools to protect families and businesses.

    “Empowering local agents to thrive in the communities where they live and work is at the heart of our mission,” said Ted Stuckey, president of Nationwide Brokerage Solutions. “Being able to provide Nationwide’s best-in-class term life insurance products gives local agents across the country a distinct advantage in the marketplace and helps them provide better protection solutions to their clients.”

    NBS and Nationwide will be onboarding NBS affiliated agents over the next several months. Interested local agents can reach out to NBS at nbslandh@nationwide.com to learn more.

    About Nationwide Brokerage Solutions
    Nationwide Brokerage Solutions (NBS) is one of the largest wholesalers and market access providers in the country. Working closely with hundreds of industry-leading carriers and alternative capacity providers, NBS helps local agencies thrive with expansive coverage options. For more information, visit www.nbsbrokerage.com.

    About Nationwide

    Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; and pet, motorcycle and boat insurance.

    For more information, visit www.nationwide.com.

    Subscribe today to receive the latest news from Nationwide and follow Nationwide PR on X.

    This material is not a recommendation to buy or sell a financial product or to adopt an investment strategy. Investors should discuss their specific situation with their financial professional.

    This information is general in nature and is not intended to be tax, legal, accounting or other professional advice. The information provided is based on current laws, which are subject to change at any time, and has not been endorsed by any government agency.

    Nationwide Investment Services Corporation (NISC), member FINRA, Columbus, OH. Nationwide Retirement Institute is a division of NISC.

    NBS Insurance Agency, Inc. is a wholly-owned subsidiary of Nationwide Mutual Insurance Company. In California, NBS Insurance Agency, Inc. does business as Triple I Insurance Agency of Ohio, license #0B14204. Nationwide Brokerage Solutions and NBS are service marks of Nationwide Mutual Insurance Company©. 2024 Nationwide.

    Nationwide, the Nationwide N and Eagle and Nationwide is on your side are service marks of Nationwide Mutual Insurance Company © 2024 Nationwide

    LAM-5400AO

    Originally Posted at Nationnwide on March 27, 2024 by Nationwide.

    Categories: Industry Articles
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