1N
● Terminated
10% Nationwide Lifetime Income Rider
Modified almost 2 years ago
DTCC ID
—
RIDER TYPE
GLWB
COMPANY
—
INCEPTION
—
Identity
Name
10% Nationwide Lifetime Income Rider
Internal name
10% Nationwide Lifetime Income Rider
Company
—
Rider type
GLWB
DTCC Rider ID
—
Product policy type
—
Status
● Terminated
Inception date
—
Closed date
May 01, 2009
Age range
45 – 85
Benefit description
The rider provides a guaranteed lifetime income.,The Joint Option for the 10% Nationwide Lifetime Income Rider is only available for election if and when the 10% Nationwide Lifetime Income Rider is elected. If, after beginning the lifetime income withdrawals, the contract value falls to zero, the contract owner has three options as follows: (1) continue withdrawals of no more than the LIB until the death of the contract owner; (2) elect the Age Based Lump Sum Settlement Option; or(3) elect the Underwritten Lump Sum Settlement Option.