Funding a Nationwide Protector II IUL Insurance Policy with Home Equity – Without Liquidating Assets

July 2025

5 min. read

What if you could purchase a life insurance policy and a death benefit without having to liquidate assets or go into debt?

Well, you can. Meet Monica.

She is 60 years old, single, with two adult children and four grandchildren. Monica owns a small 401(k) balance, a few other investments, and a home valued at $600,000 with no mortgage. But she wants to ensure her anticipated long-term care needs are met while alleviating her children’s financial needs and leaving a legacy for her grandchildren.

By taking advantage of CHEIFS^℠ by Cornerstone Financing, Monica sells a minority stake in her home’s equity, generating $113,735 in cash to invest in a $500,000 Nationwide Protector II Indexed Universal Life (IUL) insurance policy.* The policy offers the long-term care she anticipates needing so she won’t feel like a burden to her children.

It also could secure a legacy for her grandchildren, if long-term care isn’t needed. Additionally, the death benefit may be used toward satisfying the CHEIFS, potentially providing options for her children.

CHEIFS works like this: In this example, Monica receives a CHEIFS investment payment in exchange for a percentage interest in her home’s future value, which becomes payable when she passes away, sells or permanently moves out of her home. Monica uses the investment payment to purchase the policy. Since CHEIFS is not a loan, there are no monthly payments or interest accruing. Fees and conditions apply.**

Monica secures her long-term care and could leave a legacy for her loved ones without having to:

Liquidate assets
Go into debt
Use cash on hand

Monica remains liquid and fully invested in her investments so she can achieve her retirement goals, while retaining the benefits of homeownership.

That’s how CHEIFS empowers homeowners to achieve financial success.

_{* Insurance product described for illustration only. Actual availability, terms, and eligibility may differ. Cornerstone is not affiliated with, sponsored or endorsed by Nationwide Insurance Company, its agents or affiliates, and it does not sell or place insurance products. This is not an advertisement or endorsement of the insurance provider or its products and is not financial or tax advice. Always consult a licensed insurance agent, financial and/or tax advisor.}

_{** Homeowner remains responsible for home maintenance and for paying property taxes, insurance, and any HOA fees. Purchase of insurance is not required; proceeds may be used for any consumer purpose. No minimum age. Not available in all states. Fees and conditions apply. Please see the CHEIFS Calculator for details.}