The Beneficiary Protector II rider is designed to help your beneficiaries with the expenses they'll face when they inherit your annuity.

Beneficiary Protector® II Rider details

With Beneficiary Protector II, we’ll add a percentage of the contract earnings to the contract value when you die.

This percentage is based on your age.

Annuitant’s age at contract issue 

Up to 70 years old 
71-75 years old

Amount added at annuitant’s death

40% of adjusted contract earnings 
25% of adjusted contract earnings

The amount of payable earnings is capped at 200% of all purchase payments greater than 12 months old. The age limit varies by contract.1

Here's an example of how it works

Mary is 65 and bought a Nationwide variable annuity for $100,000 with a Beneficiary Protector II Rider. She names her husband as the primary beneficiary.

When Mary passes away 6 years later, her contract value has grown to $130,000. Because Mary purchased Beneficiary Protector II with her variable annuity, her husband will get $142,000.

This example is hypothetical. It does not reflect the performance of any investment. If the owner takes a withdrawal, the death benefit and cash value will be reduced.

Available products

The Beneficiary Protector II Rider is available with the following variable annuities.

Nationwide Destination℠ All American Gold® 2.0

Offers retirement income for those planning for or living in retirement.

Nationwide Destination℠ B 2.0

Offers tax-deferred growth and varied investment choices in retirement.

Nationwide Destination℠ Navigator 2.0

Offers tax-deferred growth and varied investment choices to help prepare you for retirement.

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[1] If there are no contract earnings used to calculate the death benefit, there will be no additional payment benefit. Please see the prospectus for details.

When evaluating the purchase of a variable annuity, you should be aware that variable annuities are long-term investment vehicles designed for retirement purposes and will fluctuate in value; annuities have limitations; and, investing involves market risk, including possible loss of principal.

A variable annuity is a contract you buy from an insurance company. It's designed to help accumulate assets to provide income for retirement. It will fluctuate in value based on the performance of the underlying investment options. You should also know that all guarantees and protections of a variable annuity are subject to the claims-paying ability of the issuing insurance company. They don't apply to the investment performance or safety of the underlying investment options. Underlying subaccounts are only available as investment options in variable insurance contracts issued by life insurance companies. They are not offered directly to the general public.

You may be charged a penalty if you take your money out early, if you're not yet 59½ (additional 10% tax penalty), or both. Variable annuities have fees and charges that include mortality and expense, administrative fees, contract fees, and the expense of the underlying investment options.

Variable products are sold by prospectus. Both the product prospectus and underlying fund prospectuses can be obtained from your investment professional or by writing to Nationwide Life Insurance Company, P.O. Box 182021, Columbus, OH 43218-2021. Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. The product prospectus and underlying fund prospectus contain this and other important information. Read the prospectuses carefully before investing.