Nationwide Platinum Edge

Nationwide Platinum Edge is a registered, modified, flexible premium deferred annuity with a market value adjustment. The initial minimum contribution is $2,000 qualified and $10,000 non-qualified. Additional contributions may be made for a minimum of $1,000.00 ($100 if EFT). Electronic funds less than $1,000 are held in the transition account until the $1,000 minimum investment is met.

10% of the certificate account value may be withdrawn each year, beginning in the first. Systematic withdrawal is an option. Surrender charges vary by rate term and are waived in the event of annuitization, death of annuitant, entrance into a nursing home or hospital, or diagnosis of a terminal illness.
The Transition Account is a short-term liquid investment account with interest rates that are set monthly by the company. Amounts not allocated to a guarantee period are held in the Transition Account and may be transferred or surrendered without restriction, charge, or application of a market value adjustment. State variations may apply.
Withdrawals may be subject to Federal/State income tax, and if taken prior to age 59 1/2, a 10% Federal Penalty tax. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not securities or bank products protected by the FDIC.

Maximum issue age
There is no maximum issue age for contract owner; the maximum annuitant issue age is 85

Due to the passage of the SECURE Act, beneficiaries of certain tax-qualified accounts (401, 403(a), 403(b), 408(b), 408A, and governmental 457(b)) will be required to take a full payout from the inherited IRA within 10 years of the death of the original account holder.

Principal and interest rate guarantees
Your principal and interest rates are guaranteed as long as you don’t take withdrawals before the end of the period. If you withdraw your assets, your principal may be reduced by a market value adjustment and fees known as contingent deferred sales charges (CDSC).

Market Value Adjustment (MVA) 
An amount that’s added to or subtracted from withdrawals you may take, depending on changes in interest rates. 
If you withdraw money before the end of a guarantee period, a market value adjustment may apply. Depending on how interest rates have changed since you chose the guarantee period, a market value adjustment could add or subtract value from your annuity. Generally speaking: 

Your death benefit will be the current contract value at the time Nationwide received all required paperwork in good order. The value is determined by adding all interest earned to your purchase payment minus any previous withdrawals and applicable market value adjustments.