Riders and Programs for Life Insurance

How can you tailor a life insurance policy to meet your unique needs?

You add something extra to it − like an optional rider or program. Riders and options offer additional coverage and protection on select life products at an additional charge.

Policy Guard rider

If this rider is active on a policy, the policy owner can take loans and withdrawals without fear of the policy lapsing. To invoke the rider:

• The policy must have reached its 15th anniversary
• The insured person must be at least age 75
• The cash value must be at least $100,000
• Policy indebtedness must have reached the trigger point (a certain percentage of the policy’s cash value which varies by the insured person’s age)

There is no charge to add the rider to a policy, and there are no periodic charges involved. When the rider is invoked, there is a one-time rider charge, which is a percentage of the cash value based on the insured’s attained age. Please refer to your insurance contract, product prospectus or investment professional for specific details.

Policy Split Option rider

This rider can be attached to a survivorship policy insuring two people. It gives the policy owners the option to exchange their policy for two individual policies within six months of a particular event like 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.

Maturity Extension endorsement

This endorsement allows the policy owner to extend the maturity date of the policy beyond age 100.

Adjusted Sales Load rider

This rider lets the policy owner defer the usual sales load charge and spread it out over a selected number of years.

The rider must be elected when the policy is issued. The rider cost increases with the amount of sales load that is deferred. Please refer to your insurance contract, product prospectus, or investment professional for specific details. Your investment professional can answer your questions and provide you with illustrations demonstrating the impact of purchasing the rider.

Estate Protection rider

This rider provides extra temporary coverage for up to four years. It is intended to offset any additional estate tax that may be due if the policy is included in the insured’s estate. Please refer to your insurance contract, client guide, or investment professional for specific details on this rider.

Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Company, Columbus, Ohio. Riders may not be available in all states. Protections and guarantees are subject to the claims-paying ability of the Nationwide Life Insurance Company.