Death Benefit Riders

Death benefit options for variable annuities

Most Nationwide variable annuities provide a standard death benefit. Some annuities offer optional death benefits, available for an additional cost, that give you the opportunity to capture and lock in investment gains for your beneficiaries.

One-Year Enhanced Death Benefit

By locking the One-Year Enhanced Death Benefit Rider in at the highest annual contract anniversary, you may be able to increase the value of your variable annuity for your beneficiaries. Even if the market and the contract value are down when you pass away.

Available products


Variable Deferred Annuities

One-Month Enhanced Death Benefit Option

By locking the One-Month Enhanced Death Benefit in at the highest monthly contract anniversary, you may be able to increase the value of your variable annuity for your beneficiaries. Even if the market and the contract value are down when you pass away.

Available Products


Variable Deferred Annuities

Combination Enhanced Death Benefit Option

When you pass away, the Combination Enhanced Death Benefit gives your beneficiaries the best of the following values:

Available products


Variable Deferred Annuities

Return of Premium Enhanced Death Benefit

If you pass away before taking regular income payments through annuitization, your beneficiaries will get the best of the following values:

This assures that your beneficiaries will receive at least the amount you invested, giving them some protection in down or shifting markets.

Available products


Variable Deferred Annuities

Beneficiary Protector® II

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

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

The amount of payable earnings is capped at 200% of all purchase payments greater than 12 months old. The annuitant age limit varies depending on the contract.5

Available Products


Variable Deferred Annuities

For more information about available death benefit options, please refer to your product prospectus.

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