Beacon Data Entry
Highest Anniversary Value Death Benefit Option
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Highest Anniversary Value Death Benefit Option

Nationwide Life Insurance Company
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DTCC ID —
COMPANY Nationwide Life Insurance Company
TYPE Variable Annuity
INCEPTION May 15, 2020
Identity
Benefit name
Highest Anniversary Value Death Benefit Option
Internal benefit name
Highest Anniversary Value Death Benefit Option
Company
Nationwide Life Insurance Company
Product policy type
Variable Annuity
Status
● Active
Sequence
2
Inception date
May 15, 2020
Closed date
—
DTCC Rider ID
—
Last modified
Jun 17, 2025
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 reduces the benefit base proportionally to the reduction in the contract value.
Required min distributions
Not Applicable.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
No
State Availability
Exception flag
No
Available in states
—
Benefit Description

Available during accumulation phase. Upon death of annuitant prior to annuitization date and the total of all purchase payments is less than or equal to $3 million, the death benefit will be greatest of - 1) contract value; 2) total purchase payments adjusted for withdrawals; or 3) highest contract value on any contract anniversary prior to annuitant's 86th birthday adjusted for withdrawals and subsequent payments. Upon death of annuitant prior to annuitization date and the total of all purchase payments is greater than $3 million, the death benefit will be (A*F)+B(1-F), where A = greatest of 1) contract value payable as on the day of death; 2) total purchase payments adjusted for withdrawals; or 3) highest contract value on any contract anniversary prior to annuitant's 86th birthday, plus purchase payments received after that contract anniversary. B = contract value payable as on the day of death and F = the ration of $3 million to the total purchase payments made to the contract.

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
Change in ownership will forfeit the elected Death Benefit and replace the death benefit value equals to the Contract Value on death of annuitant.