BP
● Terminated
Beneficiary Protector II Option
Nationwide Life Insurance Company
DTCC ID
—
COMPANY
Nationwide Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Beneficiary Protector II Option
Internal benefit name
Beneficiary Protector II Option
Product policy type
Variable Annuity
Status
● Terminated
Sequence
6
Inception date
—
Closed date
May 01, 2013
DTCC Rider ID
—
Last modified
Jul 08, 2024
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
None.
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, Issuer will add 40% benefit percentage (25% if owner ages between 71 to 75) to any death benefit payable under contract, reduced by total purchase payments adjusted for withdrawal and applicable charges. Maximum Adjusted Earnings is equal to 200% of total of all purchase payments applied to contract more than 12 months before the annuitant's death, proportionally adjusted for withdrawals.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
Only at contract issue.
Effect change ownership
None.