Long-term care
Nationwide’s long-term care (LTC) rider pays out in a multitude of ways. For example, while it covers nursing home expenses, it also offsets the cost of in-home care as you get older. As you’re shopping for life insurance, be sure to ask a Nationwide agent about long-term rider regulations in your state.
Chronic illness
In the event a policyholder is diagnosed with a permanent chronic illness, this rider allows them to request a portion of their death benefit early. Let’s say the chronic condition means you must quit your job. A chronic illness rider can provide you with money you need to get by.
Critical illness
This rider is much like a chronic illness rider. The difference is that it must be a critical illness, like a heart attack or cancer, that lays you up. You may recover and get back to life as usual, but in the meantime, you can use a portion of your life insurance death benefit to pay bills.
Terminal illness
A terminal illness rider allows policyholders to request a portion of their death benefit early if they’re diagnosed with a terminal illness.
Children’s term
This rider pays a life insurance benefit if any of your children pass away. While it’s a terrible thought, it helps ensure that you’ll have enough money for a funeral.
Premium waiver
If you ever become disabled, after a six-month elimination period, this premium waiver rider can cover your policy so you don’t have to worry about going without insurance.