Nationwide Financial has added the new YourLife No-Lapse Guarantee UL to its selection of fixed life insurance products, to provide clients with greater flexibility and enhanced services for financial advisors, the company said.

The product was designed to meet the needs of clients between 50 years old and 70 years old, seeking “competitively priced, permanent death benefit protection with guarantees that can help them leave a legacy for loved ones or a favorite charity,” the company said.

For financial advisors, the new product features enhancements including a shorter underwriting window from 25 calendar days to 23 calendar days, a new illustration program and a new online tool to help simplify the application process available on Nationwide’s website.

For clients, the YourLife product offers features including an optional long-term care rider, automated premium monitor and supplemental coverage option.