SD
● Active
Standard Death Benefit (Return of Premium)
Nationwide Life Insurance Company
DTCC ID
—
COMPANY
Nationwide Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Feb 03, 2023
Identity
Benefit name
Standard Death Benefit (Return of Premium)
Internal benefit name
Standard Death Benefit (Return of Premium)
Product policy type
Variable Annuity
Status
● Active
Sequence
1
Inception date
Feb 03, 2023
Closed date
—
DTCC Rider ID
—
Last modified
May 06, 2025
Life & Age
Based on life
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
Not Applicable.
Partial withdrawals
All withdrawals, including Lifetime Withdrawals, will reduce the death benefit.
Required min distributions
Not Applicable.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may continue the contract by electing the Spousal Protection feature. Spouse must be age 80 or younger named as owner, annuitant or beneficiary.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation, upon the death of annuitant. The death benefit is greater of a) contract value or, b) total purchase payments adjusted for withdrawals and subsequent payments, if total of all purchase payments is less than or equal to $ 3 million. If the total of all purchase payments is greater than $3 million, then the death benefit will be (A*F)+B(1-F), where A = greater of a) contract value; or b) 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. This rider comes with the Spousal Protection Feature with no extra charge.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Effect change ownership
Not Applicable.