Nationwide’s Chronic Illness Benefit Rider Approved in California
Providing you with product solutions to help clients deal with the unexpected is important to us. That’s why we offer a chronic illness benefit. This feature is automatically included on most of our single-life policies for no additional cost until they’re used by the client.
We are pleased to announce that the Accelerated Death Benefit for Chronic Illness Rider has been approved in California. All eligible new policies issued on or after February 19, 2024 will automatically include the rider. No additional paperwork will be required.
In addition, we will be issuing the rider to qualifying in-force policyholders for applicable policy types issued on or after January 11, 2021. We are required to notify them about the addition and send them a set of updated policy pages. The mailing for this initiative will continue through 2024.