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Nationwide To Feed Life Transaction Data To StatementOne

By Staff Writer

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NU Online News Service, Sept. 24, 12:04 p.m. – StatementOne Inc., Lawrenceville, N.J., says Nationwide Financial Services Inc., Columbus, Ohio, has agreed to feed its life insurance and annuity transaction data into StatementOne’s Web-based financial data management system starting in October.

StatementOne already consolidates information from securities and mutual fund accounts, but Nationwide is the first life insurance company that will be putting information about life insurance products into the system, StatementOne says.

Nationwide will be supplying transaction data for its customers’ fixed and variable annuities, variable life, and variable-universal life products, StatementOne says.