Nationwide Life & Annuity Insurance Company

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Nationwide New Heights Select 10 (CA Only)

Looking for a safety net for your golden years? Nationwide New Heights Select 10 has got you covered. Exclusively for Californians, it gurantees income for life keeping you financially secure.

With return rates that beat most savings accounts, free withdrawals during emergencies, and benefit boosts every year, it's truly a future-proof investment. Secure your retirement with Nationwide New Heights!

Nationwide New Heights Select 10 (CA Only)

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

10 Years

Surrender schedule

8.4%

8.05%

7.1%

6.1%

5.1%

4.1%

3.1%

2.05%

0.95%

Fee withdrawal:

Market Value Adjustment

Return Of Premium

Yes

Minimum Contribution

$25,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, 401a, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, Inherited IRA, and NQ Stretch

Launch Date

03/08/2021

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.

Overview

Rates specific to New Heights Select 10 in CA. There are two sets of rates; one for the income rider version and another for the base product
Enhanced death benefit riders not available
Has a different CDSC schedule, which decreases monthly in the last year
No MVA

Please note if an independent agent wants to sell New Heights Select, they have to go through Annexus.

Available in states: CA

Allocation Accounts

Name	Type	Rates
1-Year SG Macro Compass Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Annual	110% Participation 0.75% Spread
1-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate Option B	Balanced Allocation Annual	125% Participation
1-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Annual	135% Participation 0.75% Spread
1-Year MSCI EAFE Balanced Allocation Participation Rate Option B	Balanced Allocation Annual	0.5% Fixed 35% Participation
1-Year MSCI EAFE Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Annual	50% Participation 1.95% Spread
1-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate Option B	Balanced Allocation Annual	105% Participation
1-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Annual	115% Participation 0.75% Spread
1-Year S&P 500 Balanced Allocation Participation Rate Option B	Balanced Allocation Annual	0.25% Fixed 30% Participation
1-Year S&P 500 Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Annual	40% Participation 1.95% Spread
1-Year NYSE Zebra Edge II Balanced Allocation Participation Rate Option B	Balanced Allocation Annual	115% Participation
1-Year NYSE Zebra Edge II Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Annual	130% Participation 0.75% Spread
1-Year SG Macro Compass Balanced Allocation Participation Rate Option B	Balanced Allocation Annual	95% Participation
2-Year SG Macro Compass Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Biennial	140% Participation 0.75% Spread
2-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate Option B	Balanced Allocation Biennial	170% Participation
2-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Biennial	190% Participation 0.75% Spread
2-Year MSCI EAFE Balanced Allocation Participation Rate with Declared Rate Option B	Balanced Allocation Biennial	0.5% Fixed 50% Participation
2-Year MSCI EAFE Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Biennial	70% Participation 1.95% Spread
2-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate Option B	Balanced Allocation Biennial	140% Participation
2-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Biennial	155% Participation 0.75% Spread
2-Year S&P 500 Balanced Allocation Participation Rate with Declared Rate Option B	Balanced Allocation Biennial	0.25% Fixed 35% Participation
2-Year S&P 500 Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Biennial	55% Participation 1.95% Spread
2-Year NYSE Zebra Edge II Balanced Allocation Participation Rate Option B	Balanced Allocation Biennial	150% Participation
2-Year NYSE Zebra Edge II Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Biennial	175% Participation 0.75% Spread
2-Year SG Macro Compass Balanced Allocation Participation Rate Option B	Balanced Allocation Biennial	125% Participation
1-Year Loomis Sayles Discovery Balanced Allocation Participation Rate Option B (Limited States)	Balanced Allocation Annual	75% Participation
1-Year Loomis Sayles Discovery Balanced Allocation Participation Rate with Spread Option A (Limited States)	Balanced Allocation Annual	90% Participation 0.95% Spread
1-Year Nasdaq-100 Volatility Control 10% PR Balanced Allocation Participation Rate with Spread Option A (Limited States)	Balanced Allocation Annual	50% Participation 1.25% Spread
1-Year Nasdaq-100 Volatility Control 10% PR Balanced Allocation Participation Rate Option B (Limited States)	Balanced Allocation Annual	40% Participation
2-Year Loomis Sayles Discovery Balanced Allocation Participation Rate with Spread Option A (Limited States)	Balanced Allocation Biennial	125% Participation 0.95% Spread
2-Year Loomis Sayles Discovery Balanced Allocation Participation Rate Option B (Limited States)	Balanced Allocation Biennial	110% Participation
2-Year Nasdaq-100 Volatility Control 10% PR Balanced Allocation Participation Rate Option B (Limited States)	Balanced Allocation Biennial	45% Participation
2-Year Nasdaq-100 Volatility Control 10% PR Balanced Allocation Participation Rate with Spread Option A (Limited States)	Balanced Allocation Biennial	65% Participation 1.25% Spread

Surrender schedule

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

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

Riders

No Riders for Nationwide New Heights Select 10 (CA Only) annuity.

Waivers

Confinement

After the first contract year, if the client has a qualifying long-term care event or terminal illness or injury, all withdrawals will be treated as free withdrawals and receive full earnings to-date.

Premium Notes

Balanced Allocation Strategy (BAS) options, also known as strategy options, are a blend of an index component, a declared rate component, and a strategy spread component that are combined to determine earnings. A contract may be allocated to a maximum of five strategy options at any time.

Withdrawal Provisions

Accessing your moneyAt any time you may have access to your money, subject to certain terms and conditions. After the first contract anniversary and through the end of the Surrender Charge period, you may withdraw up to 7% of your contract value each year as a free withdrawal without incurring a Surrender Charge (or MVA or recoupment of unvested bonus, if applicable) and receive full earnings-to-date on the amount withdrawn. After the Surrender Charge period, 10% of your contract value each year will receive full earnings-to-date if withdrawn. The amount of any Required Minimum Distribution (RMD) associated with your contract value will be treated as a free withdrawal. Surrender Charge period: For CA, Surrender Charge yearly schedule for the first 9 completed contract years: 8.40%, 8.05%, 7.10%, 6.10%, 5.10%, 4.10%, 3.10%, 2.05%, 1.00%; monthly schedule for completed contract months after year 9: 0.95%, 0.85%, 0.75%, 0.65%, 0.60%, 0.50%, 0.40%, 0.35%, 0.25%, 0.15%, 0.05%; 0% after year 10 is completed Required Minimum Distribution (RMD)Available free of Surrender Charges and MVA (if applicable).

Company Founded: 1981

TOP Rated Company

Nationwide Life & Annuity Insurance Company

Company Ratings

4.8