Beneficiary Protector® II
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Beneficiary Protector® II

This optional rider is available for an additional cost on some Nationwide variable annuities. Beneficiary Protector II was designed to help your beneficiaries with the expenses they’ll face when they inherit the annuity. When the annuitant dies, we will add a percentage of the contract earnings to the contract value.

This percentage is age-based, as shown in the following table:

Annuitant’s age at contract issueAmount added at annuitant’s death
Up to 70 years old40% of adjusted contract earnings
71-75 years old25% of adjusted contract earnings

The amount of earnings payable is capped at 200% of all purchase payments greater than 12 months old. The annuitant age limit varies depending on the contract. Please see the prospectus for details. Riders may not be available in all states; not available in New York.

Here’s an example of how it works.

Mary is 65 and bought a Nationwide variable annuity for $100,000. With this annuity, she purchased Beneficiary Protector II. She names her husband Edward as the primary beneficiary. Over the years, her contract value fluctuates. When Mary passes away six years later, her contract value has grown to $130,000.

Contract value – $130,000
Contract earnings – $30,000
Amount added – 40% x $30,000 = $12,000

Because Mary purchased Beneficiary Protector II with her variable annuity, Edward will receive a death benefit of her contract value plus the additional $12,000. In total, the death benefit value will be $142,000.

This example is hypothetical. It does not reflect the performance of any investment. If the owner takes a withdrawal, the death benefit and cash value will be reduced.

Get started

For more information or to make a case, contact your Nationwide wholesaler at 1-800-321-6064.