Optional riders offer additional coverage and protection potential on selected annuities and may have an additional charge.
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.
Death Benefit Options
Note: Death benefit options are only available prior to annuitization and may not be available in all states.
Standard death benefit or "Return of Contract Value" is provided at no additional cost.
Optional death benefits issued through age 75:
- Return of Premium Enhanced Death Benefit - Cost is 0.20%
- Highest Anniversary Enhanced Death Benefit (calculated through age 79) - Cost is 0.30%
Special features included with Enhanced Death Benefits for no additional charge
- Spousal Protection Feature - If elected, this feature provides a death benefit for both spouses, regardless of who passes away first. The surviving spouse can receive the death benefit or continue the contract at the higher of the death benefit or contract value.
- Enhanced Surrender Value for Terminal Illness - Owner-annuitants diagnosed with a terminal illness may exercise the option to receive their full death benefit value before passing away.
For more information about available death benefit options, please see our Death Benefits Brochure or refer to the product prospectus.