Plan for secure retirement income
Nationwide High Point 365 Lifetime Income Benefit rider with Purchase Payment Bonus (High Point 365® with Bonus) is an optional rider available for an additional cost with a Nationwide New Heights® fixed indexed annuity.1 High Point 365 with Bonus can only be added at contract issue.
High Point 365 with Bonus offers secure retirement income growth as you prepare for retirement and provides a source of guaranteed income once you begin withdrawals
- 110% of your initial purchase payment2
- 7% compound annual growth for 10 years2
- Guaranteed income in retirement3
Guarantee a source of retirement income for life
High Point 365 with Bonus can help you feel confident that you have a predictable source of retirement income guaranteed to grow every day you wait to begin withdrawals and guaranteed to be there for you every year once lifetime income begins.
Hypothetical assumptions: Issue age 60, $250,000 purchase payment in New Heights with High Point 365 with Bonus, 10 years of deferral prior to beginning lifetime income withdrawals at the following rates: 10% guaranteed minimum benefit value bonus, 7% compounded annual growth in years 1-10, single life, no free partial or lifetime income withdrawals during this period. The High Point Income Benefit Base is the greater of the guaranteed minimum benefit value and the highest balanced allocation value (BAV), is used to calculate lifetime income and cannot be withdrawn in a lump sum.
* Lifetime Income is calculated by multiplying the high point income benefit base by a lifetime payout percentage. The lifetime payout percentage may be different than what’s shown here.
1 The rider charge is an annual fee, assessed quarterly based on the High Point Income Benefit Base and deducted from the Contract Value.
2 Lifetime income is calculated using your high point income benefit base. A 10% minimum income benefit value bonus, credited at contract issue and calculated upon the purchase payment, will be added to your guaranteed minimum income benefit value. A 1% purchase payment bonus, credited at contract issue and calculated upon the purchase payment, will also be added to the Contract Value and Return of Purchase Payment Guarantee amount. The High Point Income Benefit Base is the greater of the guaranteed minimum benefit value and the Highest Balanced Allocation Value (BAV). The BAV is the greater of the contract value plus any strategy earnings that have not been credited to the contract or the Return of Purchase Payment Guarantee amount. The purchase payment bonus vests over time and is fully vested by the end of the CDSC period. Please see the Additional Information and Certificate of Disclosure.
3 Minimum age of 50 before starting lifetime income payments.