Optional riders offer additional coverage and protection potential on selected annuities and may have an additional charge. Riders may not be available in all states. Guarantees and riders are subject to the claims paying ability of the issuing company.
Death Benefit Riders
Variable annuity death benefits give you the opportunity to pass your assets along to your beneficiaries while avoiding the time-consuming and costly probate process.
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.
For more information about available death benefit options, please see our Death Benefits Brochure or refer to the product prospectus.
Spousal Protection rider
This rider allows spouses to be joint annuitants on a contract. If one spouse dies, the surviving spouse can either receive the death benefit and cash out the annuity, or keep the annuity after Nationwide has adjusted the contract amount to the death benefit amount. There is an additional cost for this rider. All death benefits will be adjusted for previous withdrawals. Please see prospectus for adjustments and limitations.