Nationwide: Chronic Illness Rider and Critical Illness Riders


Nationwide views life insurance as more than just a death benefit. That’s why they are adding two benefit features via riders to help clients face the unexpected: chronic illness and critical illness benefits. These riders will be automatically included on most single-life policies (with some restrictions based on age and underwriting class). There is no cost associated with these features unless they are exercised. The chronic illness and critical illness features join our terminal illness feature and make up their Living Access Benefit suite.

Effective January 11, 2021, applicable policies will include these features through the inclusion of the Accelerated Death Benefit for Chronic Illness Rider and the Accelerated Death Benefit for Critical Illness Rider.

  • Only applications signed on or after December 14, 2020 will qualify for the riders, based on state approval.
  • For term and whole life only, the application must be received by Nationwide on or after January 9, 2021 to be eligible for the new riders. For all other products, this application received date limitation does not apply.
  • New policies being issued on or after January 11, 2021 will receive the riders, subject to product and underwriting qualifications being met.
  • Policies being issued with either or both riders are still eligible for backdating for any legitimate reason.

Please refer to the announcement below for more information, or give us a call at 1-800-792-6795 if you have any questions.