Spousal Protection Quick Quote A death benefit feature for your married clients

This graphic illustrates the difference that the Spousal Protection Death Benefit Feature may make. In this example, the co-annuitant passes away in Year 2.

On the left side is a timeline without the spousal death benefit; the right side shows the timeline with the Spousal Protection Death Benefit Feature included in the Nationwide variable annuity. Choose from down, flat or up market conditions to see how the feature will respond.

Once you've reviewed the Quick Quote, you can download a PDF to share with your clients, request a full illustration or start the quick quote process over.

Thomas(owner) - Jean Jean(owner) - Thomas James(owner) - Mark Mary(owner) - Denise
Thomas
(Owner)
Jean
Jean
(Owner)
Thomas
James
(Owner)
Mark
Mary
(Owner)
Denise
$10,000
$1,000,000

{{ctrl.spouse}} is NOT named co-annuitant and spousal protection feature is NOT activated

{{ctrl.spouse}} IS named co-annuitant and spousal protection feature IS activated

Year 2: The market fluctuates, changing the account value of the policy.
Select the appropriate scenario below to see different market conditions.

Poor market performance of -8.0% causes the account value to drop to

{{ctrl.downMarket | currency :"$": 0}}

{{ctrl.spouse}} passes away

Surrender charges remain in effect

Account value remains at
{{ctrl.downMarket | currency :"$": 0}}

  • No death benefit is paid
  • Contract remains in effect and the value fluctuates with the market
  • {{ctrl.owner}} names daughter Sarah as the new beneficiary

Surrender charges are waived

Account value is
{{ctrl.initialPurchasePayment | currency :"$": 0}}

{{ctrl.owner}} has a choice to make

{{ctrl.owner}}

takes a lump-sum payout of

{{ctrl.initialPurchasePayment | currency :"$": 0}}

OR

{{ctrl.owner}}

continues the contract at a value of

{{ctrl.initialPurchasePayment | currency :"$": 0}}

{{ctrl.owner}} names daughter Sarah as the new beneficiary

Year 3
Poor market performance of -8.0% causes the account value to drop to
{{ctrl.downMarket | currency :"$": 0}}

{{ctrl.owner}} passes away

Death Benefit value:
{{ctrl.initialPurchasePayment | currency :"$": 0}}

This illustration is hypothetical and not intended to serve as a project or prediction. Assumptions: investment returns include mortality expense or other charges. Net rate of return: -10.08%. Non-owner spouse passes away in year two, no withdrawals taken. If withdrawals are taken, account values and death benefits would be reduced.

Flat market performance of 0.0% causes the account value to remain at

{{ctrl.initialPurchasePayment | currency :"$": 0}}

{{ctrl.spouse}} passes away

Surrender charges remain in effect

Account value remains at
{{ctrl.initialPurchasePayment | currency :"$": 0}}

  • No death benefit is paid
  • Contract remains in effect and the value fluctuates with the market
  • {{ctrl.owner}} names daughter Sarah as the new beneficiary

Surrender charges are waived

Account value is
{{ctrl.initialPurchasePayment | currency :"$": 0}}

{{ctrl.owner}} has a choice to make

{{ctrl.owner}}

takes a lump-sum payout of

{{ctrl.initialPurchasePayment | currency :"$": 0}}

OR

{{ctrl.owner}}

continues the contract at a value of

{{ctrl.initialPurchasePayment | currency :"$": 0}}

{{ctrl.owner}} names daughter Sarah as the new beneficiary

Year 3
Flat market performance of 0.0% causes the account value to remain at
{{ctrl.initialPurchasePayment | currency :"$": 0}}

{{ctrl.owner}} passes away

Death Benefit value:
{{ctrl.initialPurchasePayment | currency :"$": 0}}

This illustration is hypothetical and not intended to serve as a project or prediction. Assumptions: investment returns include mortality expense or other charges. Net rate of return: 2.08%. Non-owner spouse passes away in year two, no withdrawals taken. If withdrawals are taken, account values and death benefits would be reduced.

Good market performance of 8.0% causes the account value to grow to

{{ctrl.upMarket | currency :"$": 0}}

{{ctrl.spouse}} passes away

Surrender charges remain in effect

Account value remains at
{{ctrl.upMarket | currency :"$": 0}}

  • No death benefit is paid
  • Contract remains in effect and the value fluctuates with the market
  • {{ctrl.owner}} names daughter Sarah as the new beneficiary

Surrender charges are waived

Account value is
{{ctrl.upMarket | currency :"$": 0}}

{{ctrl.owner}} has a choice to make

{{ctrl.owner}}

takes a lump-sum payout of

{{ctrl.upMarket | currency :"$": 0}}

OR

{{ctrl.owner}}

continues the contract at a value of

{{ctrl.upMarket | currency :"$": 0}}

{{ctrl.owner}} names daughter Sarah as the new beneficiary

Year 3
Good market performance of 8.0% causes the account value to grow to
{{ctrl.upMarket2 | currency :"$": 0}}

{{ctrl.owner}} passes away

Death Benefit value:
{{ctrl.upMarket2 | currency :"$": 0}}

This illustration is hypothetical and not intended to serve as a project or prediction. Assumptions: investment returns include mortality expense or other charges. Net rate of return: 10.08%. Non-owner spouse passes away in year two, no withdrawals taken. If withdrawals are taken, account values and death benefits would be reduced.
Thomas(owner) - Jean Jean(owner) - Thomas James(owner) - Mark Mary(owner) - Denise
$10,000
$1,000,000

In Year 2,
the market fluctuates, changing the account value of the policy.
Select the appropriate scenario below to see different market conditions.

Poor market performance of -8.0% causes the account value to drop to

{{ctrl.downMarket | currency :"$": 0}}

{{ctrl.spouse}} IS named co-annuitant and spousal protection feature IS activated

Year 2

{{ctrl.spouse}} passes away

Surrender charges are waived

Account value remains
{{ctrl.initialPurchasePayment | currency :"$": 0}}

{{ctrl.owner}}
takes a lump-sum payout of

{{ctrl.initialPurchasePayment | currency :"$": 0}}

OR

{{ctrl.owner}}

continues the contract at a value of

{{ctrl.initialPurchasePayment | currency :"$": 0}}

{{ctrl.owner}} names daughter Sarah as the new beneficiary.

Year 3

Poor market performance of -8.0% causes the account value to drop to

{{ctrl.downMarket | currency :"$": 0}}

{{ctrl.owner}} Passes away

Death benefit value is:
{{ctrl.initialPurchasePayment | currency :"$": 0}}

{{ctrl.spouse}} is NOT named co-annuitant and spousal protection feature IS NOT activated

Year 2

{{ctrl.spouse}} passes away

Surrender charges remain in effect

Account value remains at
{{ctrl.downMarket | currency :"$": 0}}

  • No death benefit is paid
  • Contract remains in effect and the value fluctuates with the market
  • {{ctrl.owner}} names daughter Sarah as the new beneficiary

This illustration is hypothetical and not intended to serve as a project or prediction. Assumptions: investment returns include mortality expense or other charges. Net rate of return: -10.08%. Non-owner spouse passes away in year two, no withdrawals taken. If withdrawals are taken, account values and death benefits would be reduced.

Flat market performance of 0.00% causes the account value to remain at

{{ctrl.initialPurchasePayment | currency :"$": 0}}

{{ctrl.spouse}} IS named co-annuitant and spousal protection feature IS activated

Year 2

{{ctrl.spouse}} passes away

Surrender charges are waived

Account value is
{{ctrl.initialPurchasePayment | currency :"$": 0}}

{{ctrl.owner}}
takes a lump-sum payout of

{{ctrl.initialPurchasePayment | currency :"$": 0}}

OR

{{ctrl.owner}}

continues the contract at a value of

{{ctrl.initialPurchasePayment | currency :"$": 0}}

{{ctrl.owner}} names daughter Sarah as the new beneficiary.

Year 3

Flat market performance of 0.00% causes the account value to remain at

{{ctrl.initialPurchasePayment | currency :"$": 0}}

{{owner}} Passes away

Death benefit value is:
{{ctrl.initialPurchasePayment | currency :"$": 0}}

{{ctrl.spouse}} is NOT named co-annuitant and spousal protection feature IS NOT activated

Year 2

{{ctrl.spouse}} passes away

Surrender charges remain in effect

Account value remains at
{{ctrl.initialPurchasePayment | currency :"$": 0}}

  • No death benefit is paid
  • Contract remains in effect and the value fluctuates with the market
  • {{ctrl.owner}} names daughter Sarah as the new beneficiary

This illustration is hypothetical and not intended to serve as a project or prediction. Assumptions: investment returns include mortality expense or other charges. Net rate of return: 2.08%. Non-owner spouse passes away in year two, no withdrawals taken. If withdrawals are taken, account values and death benefits would be reduced.

Good market performance of +8.0% causes the account value to grow to

{{ctrl.upMarket | currency :"$": 0}}

{{ctrl.spouse}} IS named co-annuitant and spousal protection feature IS activated

Year 2

{{ctrl.spouse}} passes away

Surrender charges are waived

Account value is
{{ctrl.upMarket | currency :"$": 0}}

{{ctrl.owner}}
takes a lump-sum payout of

{{ctrl.upMarket | currency :"$": 0}}

OR

{{ctrl.owner}}

continues the contract at a value of

{{ctrl.upMarket | currency :"$": 0}}

{{ctrl.owner}} names daughter Sarah as the new beneficiary.

Year 3

Good market performance of +8.0% causes the account value to grow to

{{ctrl.upMarket2 | currency :"$": 0}}

{{owner}} Passes away

Death benefit value is:
{{ctrl.upMarket2 | currency :"$": 0}}

{{ctrl.spouse}} is NOT named co-annuitant and spousal protection feature IS NOT activated

Year 2

{{ctrl.spouse}} passes away

Surrender charges remain in effect

Account value remains at
{{ctrl.upMarket | currency :"$": 0}}

  • No death benefit is paid
  • Contract remains in effect and the value fluctuates with the market
  • {{ctrl.owner}} names daughter Sarah as the new beneficiary

This illustration is hypothetical and not intended to serve as a project or prediction. Assumptions: investment returns include mortality expense or other charges. Net rate of return: 10.08%. Non-owner spouse passes away in year two, no withdrawals taken. If withdrawals are taken, account values and death benefits would be reduced.