BP
● Terminated
Beneficiary Protector
Nationwide Life Insurance Company
DTCC ID
—
COMPANY
Nationwide Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Beneficiary Protector
Internal benefit name
Beneficiary Protector
Product policy type
Variable Annuity
Status
● Terminated
Sequence
5
Inception date
—
Closed date
May 01, 2010
DTCC Rider ID
—
Last modified
Dec 22, 2020
Life & Age
Based on life
Annuitant
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
Contact Issuer for details.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of annuitant age 85 or older but prior to first contract anniversary, in addition to any death benefit payable, Issuer will credit an additional amount to the contract. Amount of credit is equal to 40% multiplied by adjusted earnings. Adjusted earnings is contract value on the date the death benefit is calculated and prior to any death benefit calculation reduced by adjusted purchase payments less death benefit previously credited.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
No longer available for new purchases.
Effect change ownership
Contact Issuer for details.