Optional riders offer additional coverage and protection potential on selected annuities and may have an additional charge. Riders may not be available in all states. Guarantees and riders are subject to the claims paying ability of the issuing company.
Optional Riders Available with Variable Annuities
The Nationwide Suite of Living Benefit Riders
As you journey toward retirement, there are many approaches you may consider to help you create retirement income, but when it's about your money - and your future - you want to feel confident that you're making decisions that will help you achieve your unique long-term goals.
That's where the Nationwide Destination Series 2.0 and New York 2.0 variable annuities featuring the Nationwide Living Benefit Suite of Riders, available at an additional cost, can help. The Nationwide Living Benefit Suite of Riders is made up of three living benefit riders, all designed to help you generate income in retirement.
Death Benefit Riders
Variable annuity death benefits give you the opportunity to pass your assets along to your beneficiaries while avoiding the time-consuming and costly probate process.
Most Nationwide variable annuities provide a standard death benefit. Some annuities offer optional death benefits, available for an additional cost, that give you the opportunity to capture and lock in investment gains for your beneficiaries.
For more information about available death benefit options, please see our Death Benefits Brochure or refer to the product prospectus.
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.