Riders and Programs for Annuities

How do you make an annuity fit your needs like a glove?

You add on something extra — like an optional rider or program. These options offer additional coverage and protection on selected annuities and may have an additional charge.

Capital Preservation Plus Lifetime Income^® (CPPLI) rider

With our CPPLI rider, you can protect your principal and have access to withdrawals when you need them in as little as five, seven or 10 years. Keep in mind that excess withdrawals will reduce your future withdrawal amounts, early withdrawals are subject to contingent deferred sales charges and withdrawals before age 59½ may be subject to tax penalties in addition to ordinary income taxes. The cost for this feature is a daily charge at an annualized rate equal to 0.60% of your contract value per year.

CPPLI gives you the flexibility to adapt to changing needs through two distinct phases:

• Capital preservation — your money is invested and your investment amount is protected against loss, less adjustments for withdrawals and contract charges
• Lifetime withdrawals — you withdraw money to help pay for your expenses in retirement

For a more detailed explanation of this rider, please click on the link above or read the product prospectus.

All guarantees and protections are subject to the claims-paying ability of Nationwide Life Insurance Company. They don’t apply to the investment performance or safety of the underlying investment options.

Extra Value rider

Once you elect the Extra Value rider, each purchase payment you make in the first year will receive a credit of 3 percent. This rider costs 45 basis points.

Your selection of the Extra Value rider cannot be revoked. Withdrawals during the seven-year period you pay for this rider may result in a recapture of a portion of the credit.  The long-term potential advantage of this benefit will vary with the performance of the investment choices made at purchase, as well as how long the contract is held. The breakeven point may vary depending on any withdrawals or on additional purchase payments made after the first contract year.  Please consider your needs carefully when evaluating this rider.

The Extra Value rider cannot be selected when assets are to be allocated in the fixed account.

L.inc rider

The Nationwide Lifetime Income Rider^® (L.Inc) offers guaranteed income for life through withdrawals, market participation and even an optional spousal income continuation provision, offered at an additional cost. Nationwide L.inc is targeted towards people who want the opportunity for:

• Lifetime income*
• Guaranteed growth, up to 70% (you are guaranteed that your income benefit base will increase by 7% simple interest annually for 10 years, or until you take your first withdrawal, whichever is sooner; if you don't take withdrawals for 10 years, this is a guaranteed 70% increase) 

* Your lifetime income amount is based on your income benefit base and age when you take your first withdrawal. You can take more than your withdrawal amount any year, but keep in mind that it will reduce your future withdrawal amounts.

As with most things in life, an annuity has limitations. If you take your money out early, you may face fees called surrender charges. Plus, if you're not yet 59½, you may also have to pay an additional 10% income tax penalty on top of ordinary income taxes. If you do take an early withdrawal, your death benefit and the cash value of the annuity contract will be reduced.

Spousal Protection rider

This rider allows spouses to be joint annuitants on a contract. If one spouse dies, the surviving spouse can either receive the death benefit and cash out the annuity, or keep the annuity after Nationwide has adjusted the contract amount to the death benefit amount. There is an additional cost for this rider. All death benefits will be adjusted for previous withdrawals. Please see prospectus for adjustments and limitations.

Annuities are issued by Nationwide Life Insurance Company, or Nationwide Life and Annuity Insurance Company, Columbus, OH. Riders and options may not be available in all states. Protections and guarantees are subject to the claims-paying ability of the issuing company. They do not apply to the investment performance or safety of the underlying investment options.

PDFs require Adobe^® Reader^®