Life Insurance Income Replacement [Infographic]

A sound financial plan should include an appropriate amount of life insurance. Protect your loved ones by making sure your life insurance plan can replace the income your family needs to maintain its standard of living.

MMake sure your life insurance plan includes adequate income replacement

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1Nationwide Financial’s Life Insurance/Income Replacement Study was conducted online by Harris Interactive, March 15 to March 21, 2013. The respondents were comprised of 1,163 adults ages 24-66 who are currently married and/or have dependents, and have household incomes of $24,000 or more.

2 Approximate costs are for a 20- year term life policy from Nationwide in best underwriting class. Costs may vary by distribution channel, age, risk class, etc. Costs are subject to change. Coverage limits may vary.

Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.
Nationwide, Nationwide Financial, the Nationwide framemark, Nationwide YourLife and On Your Side are service marks of Nationwide Mutual Insurance Company.

Consumers should work with a financial advisor or insurance agent to identify the life insurance solution that is right for their specific needs. As your personal situations change (i.e., 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 gender, health, and age. All guarantees are subject to the claims paying ability of the issuing company.

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