The Guaranteed Insurability Benefit Rider guarantees you, the policy owner, the right to purchase additional permanent life insurance policies with evidence of insurability.

Guaranteed Insurability Benefit Rider details

On each option date specified in the contract, Nationwide will permit the purchase of an additional life insurance policy. This option may be exercised before the regular option date provided one of the following events occur:

  • Marriage
  • The birth or adoption of a child

This rider, unless terminated earlier, is scheduled to continue until the policy anniversary on which you reach age 40. The premium is guaranteed to remain level and is based on your age when the policy was issued. Please refer to the prospectus or the insurance contract for details about this rider.

Available products

The Guaranteed Insurability Benefit Rider is available with the following whole life insurance policies.

Nationwide YourLife® WL

Permanent life insurance with guaranteed cash values.
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Riders may not be available in all states. Protections and guarantees are subject to the claims-paying ability of the Nationwide Life Insurance Company.