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.

Long-term Care rider

This rider lets the policy owner take part of the death benefit to pay for nursing home care and home health care of the insured person, while still leaving at least a partial death benefit to the beneficiaries. The long-term care benefit is paid whenever qualifying conditions and the 90-day waiting period, known as the elimination period, are met. Benefit payments under this rider reduce the policy's death benefit.

If the insured never needs long-term care, the beneficiaries receive the full death benefit as they would with any typical life insurance policy. Read more about the Long-term Care Rider.

Maturity Extension endorsement

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

Nationwide Allocation Architect^® (NAA)

NAA is an asset allocation service, sponsored by Nationwide Investment Advisors, LLC, that lets you invest your variable life contract assets according to one of five asset allocation models ­ saving you time and effort. You and your investment professional choose a model that fits your needs and goals, and leave the rest to the pros. Read more about NAA (PDF).

The use of diversification and asset allocation as part of an overall investment strategy does not assure a profit or protect against loss in a declining market.

Nationwide Investment Advisors, LLC (NIA), an SEC-registered investment advisor, serves as the investment advisor to each participating policy owner solely for the purpose of offering the Nationwide Allocation Architect^® (NAA) program models. NIA has limited discretionary investment authority over a contract owner’s NAA program account, to allocate and rebalance variable contract assets in accordance with the model selected by the policy owner.

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.