The Nationwide Mutual Insurance Company offers choices to enhance and customize your GUL policy. Most of these riders will require an increase to your premium payment
Accelerated Death Benefit for Terminal Illness - If the insured becomes terminally ill, the policyholder may draw against the death benefit early. These funds can be used for medical care or to make their final days more comfortable. Any amount that is advanced will be deducted from the death benefit.
For an additional cost to your policy, you have the choice to add these benefits:
Disability Waiver of Policy Charges Rider - If the insured becomes disabled for 6 months or more, this rider will waive the monthly deduction charges.
Accidental Death Benefit Rider - Your beneficiaries receive an extra amount of money in the event of accidental death.
Children's Term Rider - Pays a death benefit if any household children pass away. This applies to biological children, adopted children, and stepchildren. Any kids will be covered up to age 22.
Long-term Care Rider - Will help pay for various types of long-term nursing care. ***This rider varies considerably from state to state due to regulations.***
Spouse Rider - Adds level term insurance for your spouse. This policy can be converted to whole life during certain time frames.
Waiver of Monthly Deductions - Pays monthly policy deductions while disabled after a 6 month waiting period. Length of time the deductions will be paid is based on the age of disability starting. This does not, however, waive the full premium.