Whether you are considering continuing to grow your savings while reducing risk, creating a source of lifetime income or protecting and building a legacy for your loved ones, Nationwide New Heights® fixed indexed annuity may help.
Select one of the options below to explore the New Heights® opportunity:
What is a fixed indexed annuity?
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. Regardless of index performance, indexed annuity contract values will not be impacted by negative index returns.
Please keep in mind:
- 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. Lifetime income may be provided through annuitization at no additional cost1, and a base contract death benefit is available at no additional cost
- Withdrawals taken before age 59½ 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
Guarantees and protections are subject to the claims-paying ability of Nationwide Life and Annuity Insurance Company.
1 Annuitization begins on the Annuity Commencement Date, the first term end date on or after the oldest annuitant reaches age 100. This date cannot be changed unless state law prohibits such a restriction.
Annuities have limitations. They are long-term vehicles designed for retirement purposes. They are not intended to replace emergency funds, to be used as income for day-to-day expenses or to fund short-term savings goals. Please read the contract, product brochure, and Certificate of Disclosure (COD) for complete details.
Nationwide New Heights, an individual, single purchase payment, deferred fixed index annuity is issued by Nationwide Life and Annuity Insurance Company, Columbus, Ohio. Please note, the contract does not directly participate in any stock or equity investments. Withdrawals are subject to income tax, and withdrawals before age 59½ may be subject to a 10% early withdrawal federal tax penalty. Nationwide Life and Annuity Insurance Company, Columbus, Ohio 43215.
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