Life Insurance Quotes

Nationwide announces new regional support staff

10/12/11

Nationwide Financial recently announced that it has named eight new regional wholesalers to optimize the flow of its life insurance and annuities products to the public. The wholesalers will support a stratified system of agents and advisers, giving Nationwide's team of professionals a regional backbone that analyzes the local needs of customers and adapts products to suit them.

Nationwide says that the eight regional distribution wholesalers come from a variety of financial institutions, with experience ranging from high level executive positions to sales directors, financial advisers and retirement consultants. Particular areas of focus for the company include the west coast, deep south and New York.

Nationwide, one of the largest financial services providers in the United States, provides custom life insurance policies as well as fixed and variable annuities products and other retirement savings programs. The company recently received an A+ rating from A.M. Best

According to the Insurance Information Institute, sales of life insurance and annuities diverged in the wake of the economic downturn in 2010. Individual life insurance policy ownership dwindled to a third of Americans, the lowest number in 50 years, while fixed annuities sales declined by 27 percent and variable annuities, spurred on by low buy in rates and the potential for growth, increased by 10 percent.  

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