Nationwide New Heights 10 Fixed Indexed Annuity $ 25,000.00 Nationwide New Heights 10 fixed indexed annuity is a 10-year retirement saving plan designed to safely grow your nest egg, generate a retirement income for the rest of your life, and an enhanced death benefit for your beneficiaries. Given all of this, the New Heights 9 from Nationwide certain does offer some nice benefits. That's why we designed a new retirement solution to help clients balance their protection and performance needs. Indexed annuity contracts also offer a specified minimum that the contract value will not fall below, regardless of index performance. Nationwide Summit fixed indexed annuity is the first FIA in their lineup designed to better fit the needs of Registered Investment Advisors (RIAs) and fee-based advisors. Those Features Offer The Following: Growth Potential New Heights 9 Tracks You Sep 9th, 2022 NH 8 Nationwide New Heights 8 Fixed Indexed Annuity Introducing Nationwide New Heights 8. For more information on how to compare annuities in order to determine which one may be right for you, The opportunity for growth potential even after lifetime income payments have started, The greater of (1) a daily step-up feature on the income benefit base that captures the highest daily balanced allocation value or 1% compounded interest annual roll-up on your purchase payment for ten years or until the first lifetime withdrawal, whichever comes first, Competitive payout percentages that increase the longer you wait to take lifetime income, A joint option for continuation of income to the spouse, Because the Nationwide New Heights 9 annuity is not a variable product, there is not a prospectus to review. Get a form for a beneficiary change or to set up or make changes to recurring electronic funds transfers. It offers interest-earning potential based on the upside of the stock market while guaranteeing no loss of principal if the stock market falls. Likewise, the Nationwide High Point 365 Lifetime Income Benefit Rider will also require a charge. Nothing on this website is a recommendation to buy or sell an annuity. A: No, I do not charge a fee. Payout options: What are the different ways you can take income from an annuity. Nationwide Peak is a single-purchase-payment deferred fixed indexed annuity with features that help protect your money as you accumulate retirement savings. 1 Fixed indexed annuities are not investments that participate in the stock market. Zebra, IDI and UBS make no representations, give no express or implied warranties and have no obligations with regard to the Index, the Products or otherwise to any investor in the Products, client or other third party. Fixed indexed annuities are not an investment and do not directly invest in the stock market or any index. At the end of each term, you'll have the opportunity to make new selections. In this Nationwide New Heights 10 fixed indexed annuity review, we will be going over the following important details: Type of annuity. It offers interest-earning potential based on the upside of the stock market while guaranteeing no loss of principal if the stock market falls. Over the past decade or so, annuities have become much more popular with investors as a way of getting a guaranteed, ongoing income stream in retirement particularly because stock market performance can be so unreliable. Any remaining surrender charge or MVA would no longer apply to the contract. Throughout the years, Nationwide has become a major player in the annuity market place particularly as retirees and those who are about to retire are concerned with protecting principal, and having an ongoing income that they can count on for the rest of their lives. In this case, the High Point Enhanced Death Benefit rider has an annual charge of 0.05% which will be calculated on the enhanced death benefit value and is deducted from the contract value on a quarterly basis. If we can help further, feel free to reach out to us directly at (888) 440-2468, or via our secure online contact form at https://www.annuitygator.com/contact/. Do Not Sell My Personal Information. [1] If you withdraw assets within the first 12 years of your contract, your principal may be reduced by surrender charges. document.write(new Date().getFullYear()) Nationwide Mutual Insurance Company and affiliated companies, Privacy What is the minimum initial purchase amount? Q: Is this annuity available to me in my state. For the past 85 years, Nationwide Insurance Company has placed a primary focus on its customers. This really is not all that surprising, though, as there are many different opinions about annuities both from consumers and insurance professionals. Note that these riders are available for an additional cost, they must be elected at the time of issue, and only one rider may be elected per contract. In the case of the Nationwide New Heights 9 annuity, you can check out updated rates HERE. Fixed and indexed options To provide you with the flexibility to meet your needs, Nationwide Peak 10 offers a fixed interest account as well as a diverse lineup of indexes and crediting options. Nationwide New Heights Select, an individual, single purchase payment, deferred fixed index annuity is issued by Nationwide Life and Annuity Insurance Company, Columbus, Ohio. A: No, this fixed index annuity is passive; it requires no active management. Retirement plans tech support: 1-800-772 . Product is issued by Nationwide Life and Annuity Insurance Company, Columbus, Ohio. It is not advisable to put all your eggs in one basket, so to speak. A 12-year Surrender Charge is applied to contract value: 10%, 10%, 10%, 10%, 10%, 9.5%, 9%, 8%, 7%, 6%, 5%, 4%, 0%. So, if youve been studying up on annuities on the Internet, it is likely that youve noticed that there is a great deal of conflicting information out there about these financial vehicles. The money you place into your registered index-linked annuity will be partially protected from market downturns based on the level of protection you select. Keep in mind, if you withdraw assets within the first twelve years of your contract, your principal may be reduced by surrender charges or a Market Value Adjustment (MVA), if applicable.1. Goldman Sachs and its affiliates, and any third party data provider disclaim to the full extent legally permitted all representations, third-party-beneficiary obligations, and warranties, including concerning warranty, advisability, suitability, and data and methodology accuracy and errors. No Index Party shall have any obligation to make payments under the Products. We appreciate hearing from readers, and hope that we have helped you to understand the ins and outs of different annuities with our reviews. What is a fixed indexed annuity? They are affiliated with Nationwide Mutual. However, the commission will not be deducted from your annuity purchase payment. Reviews are posted at the request of readers so they could see an independent perspective when breaking down the positives and negatives of specific annuity contracts. [4] The strategy may not be successful, and the index may be subject to increased volatility due to its use of leverage. Thats where having an Annuity Investigator who loves math comes in. Thats where having an Annuity Investigator who loves math comes in. All of this, and then some, is detailed in the Nationwide New Heights 9 Fixed Indexed Annuity Disclosure Summary HERE. California Consumer Privacy Act Rights Not consenting or withdrawing consent, may adversely affect certain features and functions. There is also the Nationwide High Point 365 Lifetime Income Rider. They offer both life insurance and annuity products. Neither the licensee nor Nationwide New Heights Select Fixed Indexed Annuity ("The Product") are sponsored, operated, endorsed, recommended, sold or promoted by J.P. Morgan Securities LLC (JPMS) or any of its affiliates (together and individually, JPMorgan). columbus, oh march 8, 2021nationwide, one of the strongest, diversified, fortune 100 insurance and financial services companies, has joined with product development partner annexus, the premier independent designer of fixed indexed annuities (fias), to announce the launch of nationwide new heights select, built on the foundation of 2020's #1 Annuities can be complex. We know that this review was a bit on the long side. A fixed indexed annuity is a tax-deferred, long-term savings option that provides principal protection in a down market and opportunity for growth. We can provide that for you and can offer you a spreadsheet of the results. Neither Nationwide nor the Products are sponsored, operated, endorsed, recommended, sold or promoted by Zebra Capital Management, LLC (together with its affiliates and subsidiaries, Zebra), IDI or UBS and in no event shall Zebra, IDI or UBS have any liability with respect to the Products or the Index. No Index Party shall have any liability with respect to the Products or for any losses relating to the Products, whether arising directly or indirectly from the use of the Index. Here, there is an annual rider charge rate of 0.95% for the life of the annuity contract. This new investment option can provide the potential for growth based on the return of a market index while . Q: How does the process work and how long does it take to get my annuity set up? Required fields are marked *. To provide the best experiences, we use technologies like cookies to store and/or access device information. A: I will facilitate any rollovers or transfers for you to help you get your annuityfunded. Rate guarantees are subject to the claims-paying ability of the issuing company. Nationwide sells both deferred fixed annuities and immediate annuities. Nationwide New Heights Select 12 offers growth potential based on the performance of underlying indexes.3 Choose one of the options below, or allocate among them and further diversify your contract. The product referred to herein is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such product or any index on which such product is based. Neither the Index nor any of the assets comprising it are guaranteed to yield specific results. Their products are sold by internal agents, independent broker deals, banks, and life insurance specialists. A fixed indexed annuity is not a stock market investment and does not directly participate in any stock or equity investment, A fixed indexed annuity may be appropriate for those individuals who want the opportunity to capture upside potential while having a level of protection from market downturns, Lifetime income or an enhanced death benefit may be provided through the purchase of an optional rider for an additional cost. Terms and conditions Fixed index annuities can help you accumulate money for retirement and provide guaranteed income after you retire. Annuities have limitations. So, you can go HERE for more information. (This rider is only available at the time of your initial contract purchase). Indices are unmanaged. One reason for this is because these types of annuities can seemingly offer a best of all worlds scenario, including the safety of principal, the opportunity for index-linked growth, and a guaranteed stream of income in retirement. In the case of the Nationwide New Heights annuity commission schedule, this annuity has a 9-year contingent deferred sales charge (or CDSC). Chances are good that well also spend more time in retirement, so its important to think about how to fund those extra years. Call 1-877-245-0761 (sales); 1-800-848-6331 (service) Talk to a specialist Share: Withdrawals are subject to income tax, and withdrawals before age 59 may be . A+ Nationwide Secure Growth 5 Year Fixed Annuity. The SG Macro Compass Index (the Index) is the exclusive property of SG Americas Securities, LLC (SG) and has been licensed to Nationwide Life Insurance Company and Nationwide Life and Annuity Insurance Company (collectively, Nationwide) for use in certain life insurance and annuities offered by Nationwide (the Products). Find a professional Call 1-877-245-0761 for sales or 1-800-848-6331 for service Fixed indexed annuities provide a source of guaranteed income that balances growth potential and protection. Subject to underwriting guidelines, review, and approval. You can also review all of the fees in-depth by going to the Nationwide New Heights 9 Fixed Indexed Annuity Fee Disclosure Statement HERE. I am compensated by Nationwide. Indices are unmanaged. But, if you want to get even more updated info about this annuity directly from Nationwide, you can go, Likewise, there is a plethora of additional details on the, In the case of the Nationwide New Heights annuity commission schedule, this annuity has a 9-year contingent deferred sales charge (or CDSC). Diversify your portfolio by selecting from available index offerings and the various levels of growth potential they offer. To review the Nationwide New Heights 10 annuity with an agent or to receive a free personalized illustration call 800-872-6684 or fill in the "Get My Free Quote" form in the upper right section of this page. Therefore, it is essential that you go over the fine print before you move forward with the purchase. None of SG, S&P Opco, LLC, or other third party licensor (collectively, the Index Parties) to SG is an agent of Nationwide or has in any way sponsored, promoted, offered, sold structured or priced any Product, and no Index Party makes any representation as to the advisability of purchasing, selling or holding any Product. In addition, while the annuity offers a return of purchase payment guarantee, this could end up being modified if you purchase one of the optional riders. So, when considering the amount that you would deposit here, be sure that the funds wont need to be accessed for a future financial emergency or other short-term needs. Guarantees and protections are subject to the claims-paying ability of Nationwide Life and Annuity Insurance Company. To learn more about the benefits that Nationwide annuity products can offer your clients, please call us: Nationwide Solutions Center: 1-800-321-6064 For Brokerage General Agents: 1-888-767-7373 For Nationwide Financial Network: 1-877-223-0795 [1] May not be available in all states and territories. SG Americas Securities, LLC, SGAS, Socit Gnrale, SG, Socit Gnrale Indices, SGI, and SG Macro Compass Index are trademarks or service marks of SG. They will often do this by making some pretty bold claims about annuities, like: Even though these claims can be inviting, the truth is that it is absolutely essential that you first make sure that they are actually true. Fixed annuities let you save for retirement with: A tax deferral on earnings. The Nationwide Retirement Institute is a division of NISC. Fund payments to Nationwide Nationwide High Point 365 Lifetime Income Rider. California Consumer Privacy Act Rights Watch this short video to see how the SG Macro Compass Index may help provide steady growth in a variety of markets. JPMorgan makes no representation and gives no warranty, express or implied, to contract owners taking exposure to the Product. But, while this may sound very appealing, dont run to the nearest financial or insurance advisor quite yet and sign on the dotted line to purchase this annuity at least not until you have a full understanding of how the product works, and how it may or may not work for you. Rather, you may be able to find them online. Please consult your attorney or tax advisor for answers to specific questions. A Joint Option is also available if the contract owner names a spouse as a co-annuitant. Nationwide Life and Annuity was founded in 1981. Regardless of index performance, indexed annuity contract values will not be impacted by negative index returns. Today's Best Annuity Rates 4.30% 2-Year 4.85% 3-Year 5.40% 5-Year 5.50% 7-Year 5.20% 10-Year Buy an Annuity Written By Elaine Silvestrini Edited By Emily Miller Financially Reviewed By We do this because we feel that knowing the whole store and not just part of it is the only way to make a truly well-informed decision. Annuity rates are determined by insurance companies. You can compare today's best annuity rates at our online annuity store. Nationwide Life Insurance Company, Nationwide Life and Annuity Company, Nationwide Investment Services Corporation and Nationwide Fund Distributors are separate but affiliated companies. Nationwide: 7 yrs: 5.35% A: Americo Life: 7 yrs: 5.50% A-Fidelity & Guaranty Life: 7 yrs: 5.40% B++ . The Nationwide Retirement Institute is a division of NISC. Guarantees and protections are subject to the claims-paying ability of Nationwide Life and Annuity Insurance Company. Nationwide Fixed Index Annuity MadeEasier, Learn about the nationwide New Heights Select Fixed Index Annuity, Current Rates AK CT IA ID MN MO MS NH NJ NV OH OK OR PA RI SC TX UT WA WY, Current Rates AL AR AZ CO DC FL GA HI IL IN KS KY LA MA MD ME MI MT NC ND NE NM SD TN VA VT WI WV, Part Two: Choose Your Indexes --you can select one, two, three, or all four, Optional Riders --You can add one or the other, for a fee. Get straight talk about the various features these products offer. This is an independent product review, not a recommendation to buy or sell an annuity. Schedule Call. AnnuityGator. I'll give you a call and help you get your Nationwide fixed index annuity established. Indexed Annuity Fixed Index Annuities have less risk than variable annuities because you can't lose value due to poor market performance. Nationwide Securities, LLC The Annuity Gator, How can I find information and returns on all the annuity nationwide offers, Hi Clyde Thank you for your message. Please refer to the MVA endorsement in your contract for details. Nationwide Funds are distributed by Nationwide Fund Distributors, LLC, Member FINRA, Columbus, OH. The general distributor for variable products is Nationwide Investment Services Corporation (NISC), member FINRA, Columbus, Ohio. https://hubs.li/Q01tscHK0 #annuitysales #indexedannuities #Q3. Nationwide also pays the agent or advisor who sells you this annuity. In calculating the performance of the Index, SG deducts transaction and replication costs, each calculated and deducted on a daily basis, which will reduce the potential positive change in the Index and increase the potential negative change in the Index. What is a fixed indexed annuity? We make the complex, simple. Call 1-877-245-0761 for sales or 1-800-848-6331 for service. Insurance agents' might not want to sell you MYGAs because they can earn 4X more by selling you index or variable annuities. You can selectively provide your consent below to allow such third party embeds. This rider is designed to offer the following features, if suitable: As with the enhanced death benefit rider, the High Point 365 Lifetime Income Benefit Rider is also only available at the time of contract issue. Life and annuity products are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio. With many annuities, there is an up-front sales commission that is paid to the agent or broker who sells you the annuity. Your money can grow based on the performance of an index or indexes. Providing Facilitation of Fixed Index Annuity Applications. JPMorgan may independently issue or sponsor other indexes or products that are similar to and may compete with the index and the Product. Just like with other insurance and financial products, the agent or representative who is offering you the Nationwide New Heights 9 annuity isnt just doing so out of the kindness of their heart, but rather to earn a paycheck. Description. A fixed indexed annuity offers returns based on the changes in an underlying index, such as the S&P 500 Composite Stock Price Index. Pet inquiries & pet web support: 1-855-331-2832. In addition, if there are any other annuities that you would like more information, just let us know that, tooand our annuity geeks will get on the case and post more reviews. With respect to the Products, SGs sole contractual relationship with Nationwide is to license the Index and the SG Marks to Nationwide. Realistic performance expectations. Each year, you will have an option to make internal changes to your account. The only way to truly know whether or not this annuity is the right one for you is to have it tested. If you have not visited our website before, then please allow us to welcome you here to AnnuityGator.com. Just like with most other annuities, the Nationwide New Heights 9 fixed indexed annuity will have charges and fees that you need to be mindful of. It also includes trust programs and trust services offered by Nationwide Trust Company, FSB. Nationwide describes the New Heights 9 annuity as a fixed indexed annuity for investors who are wary of market volatility, yet still seek growth potential to help account for inflation and increased expenses as they age. Nationwide New Heights is issued by Nationwide Life and Annuity Insurance Company, Columbus, Ohio. So, if you are ready to get started, then lets dive in! It does not take into account the specific investment objectives, tax and financial condition or particular needs of any specific person. That is because we give you information regarding the nice benefits, as well as additional details about items that may be considered drawbacks. As you learn more about Nationwide New Heights Select 12, keep in mind why its so important for you to take control of your preparation for retirement. And, if you look more closely at the information that is offered on other websites that offer annuity information, you may also notice that many of them are simply just repeating the same information that you can get here first. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. Even after year 9, withdrawals equal to or less than 10% of the contract value will receive full earnings. If you would like to run your information through the Nationwide New Heights 9 annuity calculator with one of our annuity experts, then just simply let us know here via our secure contact form. Registered index-linked annuities A registered index-linked annuity is designed to help limit exposure to downside risk while offering growth potential based on the performance of an index or indexes. With its dozens of affiliated companies, Nationwide a Fortune 100 company has grown to become one of the largest insurance and financial services companies in the world. Alternatively, this rider offers a joint option that allows the death benefit to be paid out regardless of whether the annuitant or his or her spouse dies first. This material is not a recommendation to buy, sell, hold or roll over any asset, adopt a financial strategy or use a particular account type. Nationwide Defined Protection Annuity Clients deserve a strong partner today to help them meet their goals for tomorrow. Lifetime income may be provided through annuitization at no additional cost, and a base contract death benefit is available at no additional cost, Withdrawals taken before age 59 may incur a 10% early withdrawal federal tax penalty in addition to ordinary income taxes; withdrawals may trigger surrender charges, reduce your death benefit and contract value and may also reduce any guaranteed lifetime withdrawal benefits. Nationwide, the Nationwide N and Eagle, Nationwide is on your side, and Nationwide Peak are service marks of Nationwide Mutual Insurance Company 2020 Nationwide Mutual Insurance Company and affiliated companies. The Nationwide Group Retirement Series includes unregistered group fixed and variable annuities issued by Nationwide Life Insurance Company. Withdrawals may trigger early surrender charges as well as reduce your death benefit and contract value.1, We track your potential strategy earnings daily and offer the opportunity for higher long-term accumulation based on our index lineup and unique crediting methodology.2. Were living longer. Life and annuity products are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio. Sitemap Use our planners, analyzers and calculators to help make investment decisions. In terms of the surrender charge, you will incur a fee of 9% over the first four contract years, and then the amount gradually grades down from there as follows until it finally reaches 0% in year 10: If you take withdrawals from the annuity before you reach the age of 59 1/2, you will also incur an additional 10% early withdrawal penalty from the IRS. Your annuity value may grow tax-deferred and allow you to delay paying taxes until you begin taking withdrawals. This annuity review is offered to you here in order to help you in ensuring that you are moving in the right direction with the Nationwide New Heights 9 annuity whether that be to purchase it, or to move on to another alternative that fits your needs and goals better. Please be sure to check back frequently for additional annuity reviews. They are long-term vehicles designed for retirement purposes. Read the Goldman Sachs New Horizons Index guide, This index is based on the tendency for asset classes exhibiting positive returns to be more likely to continue delivering performance. Fixed index annuities: potential plus protection. All Rights Reserved | Privacy Policy, Independent Review of the Athene Ascent 10 Bonus 2.0 Fixed Indexed Annuity with Ascent Income Rider Option 1, Independent Review of the Symetra Custom 7 Fixed Annuity, We use cookies to enhance your experience while using our website. Indexed annuity contracts also offer a specified minimum that the contract value will not fall below, regardless of index performance. Request Info Past performance is no guarantee of future results. I streamline the annuity application process creating the easiest and quickest possible way to get a fixed indexannuity. With a fixed indexed annuity such as the Nationwide New Heights 9, you can be sure that your money is safe from the ups and downs of the stock market, and that you also have the ability to receive an ongoing income in retirement regardless of how long you may need it. That way, you can better compare the pros and the cons of an annuity that you may be considering purchasing. They are affiliated with Nationwide Mutual. We guarantee that you will never lose any of your initial investment or credited earnings due to performance of the underlying index or indexes. Review these to learn more. A: The initial application is taken over a 10-minute phone call, then it is e-mailed to you for your review and approval. Nationwide Funds are distributed by Nationwide Fund Distributors, LLC, Member FINRA, Columbus, OH. It does not take into account the specific investment objectives, tax and financial condition or particular needs of any specific person. A registered index-linked annuity (RILA) is a tax-deferred long-term savings option that limits exposure to downside risk and provides the opportunity for growth. To address this urgent need, today Nationwide introduced Nationwide Indexed Principal Protectionsm, an in-plan group fixed indexed annuity, the first of a planned suite of in-plan annuities that will be launched over the course of 2021. As a consummate professional, I offer rapid servicewith availability morning, noon, and night to meet the needs of your schedule in any time zone. An index cannot be invested in directly and is unmanaged. The guarantees and protections offered by the Nationwide Defined Protection Annuity are subject to the claims-paying ability of Nationwide Life Insurance Company. This charge is calculated on the high point income benefit base and it is deducted from the contract value on a quarterly basis. A fixed indexed annuity is a contract you buy from an insurance company that provides the opportunity to earn interest based on the changes in an index such as the S&P 500 Composite Price Index. Apply Now. Best, Nationwide offers term and permanent life insurance and annuities, including: fixed index annuities (FIAs) traditional fixed annuities; multi-year guarantee annuities (MYGAs) single premium immediate annuities (SPIAs) Nationwide is a Fortune 100 company that offers a full range of highly ranked insurance and financial solutions. New Heights Select 12 includes optional riders, available for an additional cost, that help you tailor your contract so it will focus more on whats important to you. Recognized as the preeminent benchmark for developed markets outside of North America, it represents equities in Europe, Australasia and the Far East.6. Its a single-purchase-payment, deferred fixed indexed annuity designed to provide growth potential for your retirement savings while also helping to protect it against market losses. Nationwide Peak Fixed Indexed Annuity at a Glance Opening Thoughts on the Nationwide Peak Fixed Index Annuity Nationwide has a history of strength that has lasted for more than 90 years, and today it is one of the largest insurance and financial services companies in the world. Rate guarantees are subject to the claims-paying ability of the issuing company. The J.P. Morgan Mozaic IISM Index (Index) has been licensed to Nationwide Life and Annuity Insurance Company (the licensee) for the licensees benefit. [5] NYSEZebra EdgeIndex relies on a risk control methodology and could under-perform indexes that do not have a risk control overlay. Talk to a specialist. The optional riders will also not come for free. Likewise, there is a plethora of additional details on the High Point 365 Lifetime Income Benefit rider HERE, as well as on the Nationwide High Point Enhanced Death Benefit rider HERE. Plus, when the time comes to convert the annuity over into an income stream, choosing the lifetime income option will give you an ongoing, lifetime income regardless of how long you live. Your email address will not be published. It offers growth potential for your investment, while also protecting your principal (and your previous gains) from market losses. We are a team of experienced financial pros who are highly focused on offering the most comprehensive, and unbiased, reviews of annuities. It offers more growth potential than a fixed-indexed annuity but less potential return and less risk than a variable annuity. Yet, it also guarantees that you will never lose any of your initial investment or your credited earnings due to the performance of the underlying index. Annuity Gator, Your email address will not be published. The surrender charge schedule may vary by state. Cyber security Fixed and indexed rates: CA and DE only . Nationwide Peak Fixed Indexed Annuity - FAAA-0130M3 [DC-SD] Nationwide Peak Fixed Indexed Annuity - FAAA-0130ND [ND] Nationwide Peak Fixed Indexed Annuity - ICC16-FAAA-0130AO [Compact] Nationwide Peak Fixed Indexed Annuity Disclosure Summary - FAFF-0039AO. Considered to be strong and stable financially, the company paid out nearly $19 billion in claims in 2017. Yes, I would like to help you in setting up a Nationwide fixed index annuity! You also need to be careful of some added charges and fees that can really add up, and impact your overall return. There are no annual contract or administration fees. The minimum initial purchase amount is $25,000. Ask a professional about the different types of annuities and which one might work for you. But, if you want to get even more updated info about this annuity directly from Nationwide, you can go HERE to visit the product page on the companys website, and HERE to check out an updated Nationwide New Heights 9 annuity brochure (which was updated in February 2018). Nationwide Financial Ratings If you are thinking of buying an annuity it is important to consider the financial strength of the issuing insurance company all guarantees are subject to the claims-paying ability of the insurer. Nationwide, Nationwide N & Eagle, and Nationwide Is On Your Side are service marks of Nationwide Mutual Insurance Company. Visit for complete disclosure. The Nationwide Group Retirement Series includes unregistered group fixed and variable annuities issued by Nationwide Life Insurance Company. This field is for validation purposes and should be left unchanged. 2 International investing could involve risks such as currency, economic, geographical, political and differences in accounting standards.. Index allocations, declared rate allocations, declared rates and strategy . Typically, though, it is best to discuss rates with your broker or agent. With the fixed account, the annual interest rate is credited on a daily basis, and depending on how much premium you put towards this annuity (there is a minimum initial investment of $25,000), there are tiered interest rates available. This single purchase paymentdeferred annuity helps you to accumulate retirement savings and protect your money. As of year-end 2017, some of the other financial highlights for Nationwide include its: Nationwide Life Insurance Company has earned high ratings from the insurer rating agencies, which include a(n): Nationwide has earned a long list of accolades, such as being: The company has also contributed more than $430 million to non-profit organizations since the year 2000 by the Nationwide Foundation. Depending on how you are funding your annuity, the entire process typically takes one to eight weeks. No annual contract fees; Fixed annuity: $10,000: . If offers returns based on the changes in a securities index, such as the S&P 500 Composite Price index. A: It is entirely up to you to decide how much you would like to put into your annuity. Then it allocates between the selected stocks, U.S. Treasuries and a cash account to help reduce risk and provide consistent long-term returns.5, Read the NYSE Zebra Edge II Index guide. Find a professional Call 1-877-245-0761 for sales or 1-800-848-6331 for service When you're looking for upside potential with downside protection A fixed indexed annuity is a tax-deferred, long-term savings option that provides principal protection in a down market and opportunity for growth. This would be applied if you surrender the annuity over the first nine years of purchasing it. This would be applied if you surrender the annuity over the first nine years of purchasing it. You should work with your financial professional to discuss your specific situation. However, they have more risk than a fixed annuity because they come with a guaranteed interest rate; indexed annuities only guarantee the worst you can do in any given year is earn zero percent. What is a fixed indexed annuity? Fixed annuities offer principal protection and growth potential. Rates. Columbus, OH Nationwide, a financially strong and diversified, Fortune 100 insurance and financial services company, announces the launch of the Nationwide Peak 10 fixed indexed annuity. It is possible that you may also have recently attended a seminar about annuities where the presenter offered you a free lunch or dinner and then discussed the details about the Nationwide New Heights 9 or some other similar annuity. The contract contains a more detailed description of the limited relationship MSCI has with Nationwide and any related funds. Q: The money I want to put into this annuity is in my IRA. The technical storage or access that is used exclusively for anonymous statistical purposes. A: I am simply facilitating the annuity application for you. Yet, this may not necessarily be a good thing because, even though most financial advisors work hard to do what is right for their clients, some of these sales agents may not be providing the best or most knowledgeable advice regarding these products. Lifetime income may be available through the purchase of an optional rider for an additional cost or through annuitization at no additional cost. The higher the crediting of the index the higher the guaranteed income later in the policy. A: This annuity is available in all states except New York. The total amount of transaction and replication costs is not predictable and will depend on a number of factors. This material is not a recommendation to buy, sell, hold, or roll over any asset, adopt an investment strategy, retain a specific investment manager or use a particular account type. This is where we come in. Fees. A fixed annuity or MYGA may be suitable for conservative investors who are looking for a safe and steady way to grow their retirement savings. Fund payments to Nationwide $25,000 single purchase payment for qualified and nonqualified contracts. But we would much rather provide too much detail than not enough. New fixed indexed annuity can provide risk adverse clients an alternative to low-yielding fixed products Nationwide announced today it has added a new fixed indexed annuity (FIA), Nationwide Peak 5, to offer clients additional ways to maintain principal protection while offering the potential for higher returns and growth. In addition, the Nationwide New Heights 9 Fixed Indexed Annuity Disclosure provides in-depth information regarding the product itself, how it works including how earnings are credited to the account and the calculation strategy of earnings and other important details. After 20 years as a licensed insurance agent, I have figured out exactly how to make getting a fixed index annuity as simple and easy as it can possibly be. Where the annuity is best used. A RILA is not a stock market investment and does not directly participate in any stock or equity investments. A fixed index annuity may be a good choice if you want the opportunity to earn indexed interest, but don't want to risk losing money in the market. New Heights Select does not participate or invest directly in any index. Nationwide has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. Because of its fixed indexed annuity status, the New Heights 9 tracks earnings daily, and does not limit the amount of index performance used in calculating earnings. A registered index-linked annuity can help you to define your: Determine how comfortable you are with exposure to the market's downside. Cyber security document.write(new Date().getFullYear()) Nationwide Mutual Insurance Company and affiliated companies, Privacy Alameda County Financial Elder Abuse And Annuity Attorney: Understanding The Disadvantages Of Fixed Indexed Annuities For older Consumers Read More . The Best Fixed Annuity Rates. The SG Macro Compass Index reallocates quarterly and adjusts its bond allocation monthly. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. To check out the full Nationwide New Heights 12 Fixed Indexed Annuity Disclosure Summary, you can go HERE. Withdrawals are subject to income tax, and withdrawals before age 59 may be subject to a 10% federal tax penalty. This index offers the opportunity for exposure to a global mix of equities. Nationwide will inform you of this at that time and explain your options to you in detail. 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