Riders and Programs for Life Insurance

How can you tailor a life insurance policy to meet your unique needs?

You add something extra to it − like an optional rider or program. Riders and options offer additional coverage and protection on select life products at an additional charge.

Spouse rider

This rider provides level term insurance on the insured’s spouse. It can be converted to its own whole life policy at certain times and within certain age limits. This rider will terminate when the base policy ends or the spouse reaches a certain age. Please check the insurance contract for specific details.

Child rider

This rider pays a benefit upon the death of the children of the insured person.

Premium Waiver rider

If the insured person becomes disabled, this rider credits a monthly premium to a policy after the six-month elimination period is met. There is a maximum premium amount that this rider will pay that is based on the policy amount, and this rider does not guarantee that the policy will not lapse due to insufficient premium or market experience. Please refer to your insurance contract or talk to your insurance or investment professional for details about this rider.

Guaranteed Option to Increase Specified Amount rider

This benefit guarantees that the policy owner can make periodic increases in the amount of coverage on the insured person without additional medical tests, known as evidence of insurability. The premiums for the insurance policy increase proportionately with increases to the death benefit.

Accelerated Benefit rider

This rider pays out a portion of the death benefit if the insured person is diagnosed with a terminal illness.

Accidental Death Benefit rider

This rider pays an additional amount on top of the regular death benefit if the insured person dies in an accident.

Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Company, Columbus, Ohio. Riders may not be available in all states. Protections and guarantees are subject to the claims-paying ability of the Nationwide Life Insurance Company.