RO
● Active
Return of Premium Death Benefit
Nationwide Life Insurance Company
DTCC ID
—
COMPANY
Nationwide Life Insurance Company
TYPE
RILA
INCEPTION
Jul 17, 2023
Identity
Benefit name
Return of Premium Death Benefit
Internal benefit name
Return of Premium Death Benefit
Product policy type
RILA
Status
● Active
Sequence
2
Inception date
Jul 17, 2023
Closed date
—
DTCC Rider ID
—
Last modified
May 03, 2025
Life & Age
Based on life
Owner and 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
Increases benefit on a dollar for dollar basis.
Partial withdrawals
Withdrawals decrease benefit proportionally.
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
The Spousal Protection Feature is not available for contracts issued as Charitable Remainder Trusts.
State Availability
Exception flag
No
Available in states
—
Benefit Description
During accumulation phase, upon death of the owner and annuitant, the death benefit will be greater of the; Contract Value or Purchase Payment made to the Contract reduced by any partial withdrawals in the proportion that such partial withdrawal reduced the Contract Value on the date of the partial withdrawal.
Lifecycle Events
Effect change ownership
Contract is assigned, prior to the Death Benefit becoming payable, the DeathBenefit will equal the Surrender Value.