| Riders Below are descriptions of riders available on Nationwide Life Insurance Company of America and Nationwide Life and Annuity Company of America products. Riders may require an additional cost. State variations may apply. Guaranteed Minimum Death Benefit - provides a death benefit that is equal to the face amount of the policy. It is guaranteed for the guarantee period, regardless of investment performance, as long as the minimum guaranteed premium is paid. This extension applies only if the total premiums paid, minus any partial withdrawals or outstanding loans, exceed the amount of the accumulated minimum guarantee premiums at that time. Disability Waiver Benefit - available up to issue age 55. Provides that, in the event of the insured's total disability before age 60 and continuing for at least six months, the issuing company will pay a monthly premium based on the minimum annual premium during the initial minimum guarantee premium period of 5 years continuous, total disability. As long as the disability continues, the Company will waive all monthly deductions. Disability Waiver of Premium Benefit - available to insureds for issue ages 1-55. If the insured becomes totally disabled before age 60 and remains disabled for at least 180 days, the Company will apply a premium payment to the policy prior to the insured's attaining age 65. Available only at time of policy issue. Additional Insurance Benefit - provides additional insurance protection on the insured of the base policy. Generally, the death benefit will be increased. Coverage may be increased (with evidence) or decreased. The maximum insurance amount is five times the face amount of the base policy. If the insured on the base policy is changed, the Additional Insurance Benefit Rider insurance may be continued for the new insured(s). Other Insured Term - provides a level death benefit until the earlier of the date the policy matures or the insured reaches age 100 (age 80 in New York), whichever comes first. The minimum insurance amount is $50,000 ($100,000 for Preferred). The maximum insurance amount is three times the face amount of the base policy. The amount of the rider may be increased, with evidence of insurability, or decreased by request one year after the rider is issued. Children's Term - provides term insurance of up to $15,000 for each child of the insured under age 18. Evidence of insurability is required for living children. Newborns are covered once the child is 15 days old. Coverage continues until the child reaches the age of 25 or the primary insured reaches age 65, whichever occurs first. When the rider expires, coverage is convertible to any level premium policy with evidence of insurability. Change of Insured* - allows the current insured on the policy to be changed to a new insured, with evidence of insurability. The new insured must be under age 75 and born on or before the policy issue date. Accelerated Death Benefit* - permits the insured to receive, subject to company approval, an early payment of part of the policy's death benefit if the insured contracts a terminal illness. An administrative fee is deducted from the benefit amount before the claim is paid. Maturity Extension* - extends the final policy date by 20 years from the original final policy date. It may be added on or after the policy anniversary date nearest to the insured's 90th birthday. The death benefit after the original final policy date will be the same as the Policy Account Value. ProvCare Long Term Care Accelerated Benefit Rider - This is the basic rider of the ProvCare Long Term Care series of riders. It accelerates the base policy's death benefit for Qualified Long Term Care serves. The rider is activated if the insured cannot perform two of the six Activities of Daily Living (Bathing, Dressing, Toileting, Transferring, Eating, and Continence) or is severely cognitively impaired (e.g., Alzheimer's Disease). ProvCare Long Term Care Waiver Benefit - This rider is automatically added when the Acceleration Benefit Rider is elected. It applies premium payments to the base policy during the minimum premium period, which is generally the first five policy years. After this period, the rider will waive all monthly deductions due on the base policy while the insured remains chronically ill. ProvCare Long Term Care Extended Insurance Benefit Rider - This rider extends the payment for Qualified Long Term Care services even after the death benefit of the base policy has been exhausted. At the policyowner's request, the rider can pay for a fixed duration or payments will continue to be made throughout the insured's entire life. This rider is available only if the Accelerated Benefit Rider and the Waiver Benefit Rider are added to the base policy.
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Securities and Investment Advisory services offered through Registered Representatives and Investment Adviser Representatives of 1717 Capital Management Company, A Registered Investment Adviser. Member FINRA (formerly NASD), SIPC. A Nationwide Financial company. Insurance Representatives of Nationwide Life Insurance Company of America and/or Nationwide Life and Annuity Company of America, which is not licensed in New York. © 2008 Nationwide Financial Network. Nationwide is a federally registered service mark of Nationwide Mutual Insurance Company. All Rights Reserved.
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