With Nationwide overloan lapse protection, you can take loans and withdrawals without fear of your policy lapsing. To activate the rider:
  • Your policy must reach its 15th anniversary
  • You must be 75 or older
  • The cash value must be at least $100,000
  • Policy debt must reach the trigger point (a certain percentage of the policy’s cash value, which varies based on your age)

Rider details

There is no charge to add the Overloan Lapse Protection Rider to your policy, and there are no periodic charges. When the rider is activated, there’s a one-time rider charge, which is a percentage of the cash value based on your age.

Please refer to your insurance contract, product prospectus or investment professional for specific details.

Available products

The Overloan Lapse Protection Rider is available with the following life insurance policies.
Not sure which type of life insurance is right for you?

Optional riders that customize a policy to fit individual needs usually carry an additional charge and are only available through the purchase of variable universal life insurance products. Riders may be known by different names in different states and may not be available in every state.

Variable products are sold by prospectus. The product and underlying fund prospectuses contain this and other important information. Investors should read them carefully before investing. To obtain a product prospectus call 1-800-321-6064, contact an insurance professional or click on the prospectus link on Nationwide.com.

Guarantees are subject to the claims-paying ability of the issuing life insurance company. They don't apply to the investment performance or safety of the underlying investment options. Underlying subaccounts are only available as investment options in variable insurance contracts issued by life insurance companies. They are not offered directly to the general public.