Nationwide New Heights Select 10 with Lifetime Income (CA Only)
The Nationwide New Heights Select 10 is an annuity that offers peace of mind, especially valuable for retirees. With its Lifetime Income offer, you needn't worry about financial security during your golden years!
This product is exclusive to CA and stands out with its potential for both locked-in growth and protection from market downturns. It truly is a smart choice for a secure and worry-free retirement!
Nationwide New Heights Select 10 with Lifetime Income (CA Only)
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Ratings:
- A.M. Best A+
- S&P A+
- Moody's A1
- Comdex 90
About Product
Type
Fixed Index
Purpose
Lifetime Income
Term
10 Years
Surrender schedule
8.4%8.05%7.1%6.1%5.1%4.1%3.1%2.05%1%0.95%
Fee withdrawal:
7%
Market Value Adjustment
No
Return Of Premium
Yes
Minimum Contribution
$25,000
Maximum Contribution
$1,000,000
Max Age Qualified
80
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 |
|---|---|---|
| 2-Year SG Macro Compass Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Biennial
|
140%
Participation
0.75%
Spread
|
| 2-Year SG Macro Compass Balanced Allocation Participation Rate Option B |
Balanced Allocation
Biennial
|
125%
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 NYSE Zebra Edge II Balanced Allocation Participation Rate Option B |
Balanced Allocation
Biennial
|
150%
Participation
|
| 2-Year S&P 500 Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Biennial
|
55%
Participation
1.95%
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 J.P. Morgan Mozaic II Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Biennial
|
155%
Participation
0.75%
Spread
|
| 2-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate Option B |
Balanced Allocation
Biennial
|
140%
Participation
|
| 2-Year MSCI EAFE Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Biennial
|
70%
Participation
1.95%
Spread
|
| 2-Year MSCI EAFE Balanced Allocation Participation Rate with Declared Rate Option B |
Balanced Allocation
Biennial
|
0.5%
Fixed
50%
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 Goldman Sachs New Horizons Balanced Allocation Participation Rate Option B |
Balanced Allocation
Biennial
|
170%
Participation
|
| 1-Year SG Macro Compass Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Annual
|
110%
Participation
0.75%
Spread
|
| 1-Year SG Macro Compass Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
95%
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 NYSE Zebra Edge II Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
115%
Participation
|
| 1-Year S&P 500 Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Annual
|
40%
Participation
1.95%
Spread
|
| 1-Year S&P 500 Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
0.25%
Fixed
30%
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 J.P. Morgan Mozaic II Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
105%
Participation
|
| 1-Year MSCI EAFE Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Annual
|
50%
Participation
1.95%
Spread
|
| 1-Year MSCI EAFE Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
0.5%
Fixed
35%
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 Goldman Sachs New Horizons Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
125%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Nationwide High Point 365 Select rider with Bonus | No | 1.10% annually |
| New Heights Select 10 High Point 365 | No | 0.95% annually |
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 money
At 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
At 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).
Available free of Surrender Charges and MVA (if applicable).
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