This rider can be attached to a survivorship policy insuring two people. It gives policy owners the option to exchange their policy for two individual policies within one year of a particular event, such as divorce or a change to the federal estate tax law.
The rider must be elected when the policy is issued. Policy contract values and indebtedness will be split equally between the two new policies.
For more information or to make a case, contact your Nationwide wholesaler at 1-800-321-6064.