Fixed index annuity review and rates

Nationwide New Heights Select 10 (Most States)

Nationwide New Heights Select is a single premium fixed indexed deferred annuity. New Heights Select offers a growth opportunity with strategy options that track the performance of an index and lock in earnings at the end of each strategy term. Strategy options also guarantee your contract value will never go down due to the negative performance of an index. 
Available in states: AL, AZ, AR, CO, DC, FL, GA, HI, IL, IN, KS, KY, LA, ME, MD, MA, MI, MT, NE, NM, NC, ND, SD, TN, VT, VA, WV, and WI

Allocation Accounts

Name Type Rates
2-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Biennial
255% Participation
0.95% Spread
2-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate Option B
Balanced Allocation
Biennial
220% Participation
2-Year SG Macro Compass Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Biennial
205% Participation
0.95% Spread
2-Year SG Macro Compass Balanced Allocation Participation Rate Option B
Balanced Allocation
Biennial
175% Participation
2-Year NYSE Zebra Edge II Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Biennial
240% Participation
0.95% Spread
2-Year NYSE Zebra Edge II Balanced Allocation Participation Rate Option B
Balanced Allocation
Biennial
205% Participation
2-Year S&P 500 Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Biennial
65% Participation
1.95% Spread
2-Year S&P 500 Balanced Allocation Participation Rate with Declared Rate Option B
Balanced Allocation
Biennial
0.25% Fixed
50% Participation
2-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Biennial
220% Participation
0.95% Spread
2-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate Option B
Balanced Allocation
Biennial
190% Participation
2-Year MSCI EAFE Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Biennial
75% Participation
1.95% Spread
2-Year MSCI EAFE Balanced Allocation Participation Rate with Declared Rate Option B
Balanced Allocation
Biennial
0.5% Fixed
55% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 10% 10% 9% 8% 7% 6% 5% 4% 3% 2%

Riders

Name Inbuilt Fee
High Point Enhanced Death Benefit Rider No 0.50% annually
Nationwide High Point 365 Select rider with Bonus No 1.10% annually
New Heights Select 10 High Point 365 No 0.95% annually
High Point Select 10 Enhanced Death Benefit Rider with Bonus No 0.80% annually
Nationwide Life Insurance Company
Founded: 1929
A.M. Best: A+
S&P: A+
Moody's: A1
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 7%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, 401a, SEP IRA, IRA-Roth, SIMPLE IRA, Inherited IRA, and NQ Stretch