RO
● Terminated
Return of Premium Death Benefit with Spousal Protection
Nationwide Life Insurance Company
DTCC ID
—
COMPANY
Nationwide Life Insurance Company
TYPE
Variable Annuity
INCEPTION
May 15, 2020
Identity
Benefit name
Return of Premium Death Benefit with Spousal Protection
Internal benefit name
Return of Premium Death Benefit with Spousal Protection
Product policy type
Variable Annuity
Status
● Terminated
Sequence
5
Inception date
May 15, 2020
Closed date
Oct 04, 2024
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 will reduce benefit base by dollar-for-dollar amount.
Required min distributions
Not Applicable.
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 only. Upon death of annuitant if total of all purchase payments is less than or equal to $3 million, the death benefit will be greatest of - 1) contract value; or 2) total purchase payments adjusted for withdrawals. Upon death of annuitant if 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; or 2) total purchase payments adjusted for withdrawals. B = contract value and F = the ratio of $3 million to the total purchase payments made to the contract. Feature is not available with the contracts issued as CRT.
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
Not Applicable.