Nationwide Changes Capital Preservation Plus VA Rider

“A return of principal guarantee is achieved by allocating the initial investment between a guaranteed term option and the variable options (including the fixed account, if available) that correspond to the term elected,” Nationwide says. The terms are three, five, seven and 10 years.

The equity exposure and guaranteed term option allocation will be determined when the customer joins the program and will vary with current market conditions, Nationwide says.

The revised version of the rider still guarantees return of principal, but contingent deferred sales charges, contract maintenance charges and other contract charges could reduce the guarantee level, Nationwide says. Nationwide backs the rider guarantees.