CV
● Active
Contract Value Death Benefit
Nationwide Life Insurance Company
DTCC ID
—
COMPANY
Nationwide Life Insurance Company
TYPE
RILA
INCEPTION
Jul 17, 2023
Identity
Benefit name
Contract Value Death Benefit
Internal benefit name
Contract Value Death Benefit
Product policy type
RILA
Status
● Active
Sequence
1
Inception date
Jul 17, 2023
Closed date
—
DTCC Rider ID
—
Last modified
May 06, 2026
Life & Age
Based on life
Owner and Annuitant
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Mandatory
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
—
Partial withdrawals
—
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Spousal Protection Feature is not available for contracts issued as Charitable Remainder Trusts.
State Availability
Exception flag
No
Available in states
—
Benefit Description
During the accumulation phase, Upon death of the owner and annuitant, the death benefit is equal to the Contract Value.
Lifecycle Events
Effect change ownership
Contract is assigned, prior to the Death Benefit becoming payable, the Death Benefit will equal the Surrender Value.