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May 04, 2015 12:38 AM ET

Insurance

Company Overview of Nationwide Mutual Insurance Company, Inc.

Company Overview

Nationwide Mutual Insurance Company, Inc. provides insurance and financial services in the United States. It offers business insurance products, including auto insurance, property insurance, business owners policy, general liability, and more; employee benefits that comprise retirement plans, group employee benefits, business travel accident, key person benefits, and more; and homeowners, pet, motorcycle, boat, and farm insurance. The company also offers business banking products, including business banking, checking, and money market accounts, as well as CDs and more. In addition, it offers financial services for financial advisors, including annuities, public and private sector retirement ...

One Nationwide Plaza

Columbus, OH 43215-2220

United States

Founded in 1925

Phone:

614-249-7111

Fax:

614-249-7705

Key Executives for Nationwide Mutual Insurance Company, Inc.

Chief Executive Officer and Director
Age: 61
Chief Financial Officer and Executive Vice President
Age: 57
President of Nationwide Property & Casualty Operations and Chief Operating Officer of Nationwide Property & Casualty Operations
President of Nationwide Direct & Member Solutions and Chief Operating Officer of Nationwide Direct & Member Solutions
President of Nationwide Financial Services and Chief Operating Officer of Nationwide Financial Services
Age: 50
Compensation as of Fiscal Year 2014.

Nationwide Mutual Insurance Company, Inc. Key Developments

Nationwide Mutual Insurance Company Introduces LTC Rider to Offer Indemnity-Style Benefit Options

Nationwide Mutual Insurance Company announced that its business solutions group has introduced a long-term care, or LTC, rider for supplemental benefit plans that features indemnity-style payouts and a choice in care providers. Nationwide's new LTC rider is the first in the business life insurance industry to offer indemnity-style benefit options, meaning the monthly benefit is paid to the policy owner tax free regardless of monthly expenses. Unlike most long-term care riders, policy owners are not required to turn in receipts, and monthly verification of billable services is not needed. Additionally, policy owners can use the indemnity-style benefits for a variety of long-term care options. For example, the policy owner can pay a qualified family member to care for them so they can remain in their home. The LTC rider is available on all new and existing Future Executive Universal Life Insurance and Variable Universal Life Insurance contracts.

Nationwide Releases YourLife Indexed Universal Life Suite

Nationwide released the YourLife Indexed Universal Life (IUL) suite, adding two new IUL products to its existing portfolio of financial solutions to help advisors meet the specific needs of their clients. The Nationwide YourLife Indexed UL Accumulator (IUL Accumulator) offers permanent coverage and the potential for cash value growth to supplement retirement income. Clients can choose between a fixed option and six indexed interest strategies, including a new uncapped strategy and an international strategy. The Nationwide YourLife Indexed UL Protector (IUL Protector) offers clients looking for affordable, permanent coverage with the opportunity for cash value growth potential. An optional Extended No-Lapse Guarantee rider delivers a cost-efficient death benefit guarantee with an automated monitoring service to help keep the guarantee on track. Two new features, both guaranteed by Nationwide, help the suite deliver greater cash value potential or more affordable protection and death benefits: Indexed Interest Multiplier – This is an additional interest calculation factor applied at segment maturity – guaranteed by Nationwide – offering the potential to exceed the current segment cap rate. Both IUL Accumulator and IUL Protector offer a 15% indexed interest multiplier. Nationwide IUL Rewards Program – Nationwide rewards clients for premium payments that meet or exceed a qualifying threshold and offer an automated monitoring service that helps keep the policy on track to receive the benefit. Program eligibility and benefits are specific to the accumulation or protection goals of each product.

Nationwide Extends Partnership with Speedway Motorsports, Inc. Through 2017

Nationwide is continuing its long-time relationship with Speedway Motorsports, Inc., renewing its status as the official insurance company of Charlotte Motor Speedway and Bristol Motor Speedway through 2017. In addition to its partnership with Charlotte and Bristol Motor Speedways, Nationwide will feature at-track infield hospitality for their business partners at four SMI NASCAR event weekends throughout the 2015 race season. The new Nationwide mobile hospitality unit will be activated at Las Vegas Motor Speedway March 6-8, Charlotte Motor Speedway May 15-24, Kentucky Speedway July 9-11 and Bristol Motor Speedway August 19-22.

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