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.

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 100% (you are guaranteed that your income benefit base will increase by 10% 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 100% 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.

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