Nationwide YourLife® Survivorship VUL Riders
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Riders and Programs for Variable Universal 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 on select life products at an additional charge.

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.

Select Estate Protection

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. This rider is automatically included free of charge if certain qualifying conditions are met. Please refer to your insurance contract, client guide or your insurance professional for specific details on this rider.

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.

Extended Death Benefit Guarantee

This rider allows policy owners to guarantee part or all of their death benefit, to ensure that coverage will be there regardless of the performance of the fund options. Policy owners can choose the length of their guarantee from minimum (which varies by product) to lifetime protection, and choose the amount of the guarantee from 50% to 100% of base specified amount. This rider, available at an additional charge, has a limited number of investment options and a minimum cumulative premium requirement. Please refer to the client guide, your insurance contract, product prospectus, or investment professional for additional details.

Overloan Lapse Protection 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.

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.

Additional Term rider

This rider provides additional term coverage on the insured person. The amount of additional protection coverage you can buy depends on the amount of the base policy coverage. 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 showing the impact of purchasing coverage under the rider.

Surrender Value Enhancement rider

This rider is only available on corporate-owned life insurance policies. It adjusts the surrender charge if the policy is surrendered.

This rider must be selected when the policy is issued. Please refer to your insurance contract, product prospectus or investment professional for specific details on how this rider affects the surrender charges.