- Your policy must reach its 15th anniversary
- You must be 65 or older
- Policy debt must reach the trigger point (a certain percentage of the policy’s cash value, which varies based on your age)
Rider details
There is no charge to add the Overloan Lapse Protection Rider to your policy, and there are no periodic charges. When the rider is activated, there’s a one-time rider charge, which is a percentage of the cash value based on your age.
Please refer to your insurance contract, product prospectus or investment professional for specific details.
Available products
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Universal
Nationwide Indexed UL Accumulator II
Protection for your family, with strategies and tax advantages for more cash value and income potential.Nationwide® Survivorship Indexed UL
Covers 2 lives instead of 1, and pays a death benefit when the second insured person dies.Nationwide Indexed UL Protector II
Cost-efficient, permanent death benefit coverage with the option for a lifetime guarantee and some cash value growth potential. -
Variable
Nationwide Variable Universal Life Accumulator
Death benefit protection with a focus on cash accumulation and distribution.Nationwide Advisor Variable Universal Life
Nationwide Advisory Variable Universal Life is deigned for your fee-based advisor to offer you the protection of life insurance while also managing your cash value growth potential for future income needs.Nationwide Variable Universal Life Protector II
Cash value growth potential with a death benefit that can be guaranteed to age 120.
Optional riders that customize a policy to fit individual needs usually carry an additional charge and are only available through the purchase of variable universal life insurance products. Riders may be known by different names in different states and may not be available in every state.
Variable products are sold by prospectus. The product and underlying fund prospectuses contain this and other important information. Investors should read them carefully before investing. To obtain a product prospectus call 1-800-321-6064, contact an insurance professional or click on the prospectus link on Nationwide.com.
Guarantees are subject to the claims-paying ability of the issuing life 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.