4.2
based on complex data
Annuity Educator Rating
Annuity review
Nationwide New Heights Select 10 with Lifetime Income (Most States)
The Nationwide Life & Annuity Insurance Company, established in 1981, is an affiliate of Nationwide Mutual, a first-rate financial services provider. Carrying similar objectives, this company specializes in the retirement sector, offering both annuities and life insurance policies in order to help retirees achieve financial comfort in their golden years.
Nationwide New Heights Select 10 with Lifetime Income (Most States)
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About Product
Type
Fixed Index
Purpose
Lifetime Income & Legacy
Term
10 Years
Surrender schedule
10%
10%
9%
8%
7%
6%
5%
4%
3%
2%
Fee withdrawal:
7%
Market Value Adjustment
Yes
Return Of Premium
Yes
Minimum Contribution
$25,000
Maximum Contribution
$1,000,000
Max Age Qualified
80
Types Of Funds
Non-Qualified, Traditional IRA, IRA Rollover, 401a, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, Inherited IRA, NQ Stretch, and Roth Conversion (Full)
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.
Please note if an independent agent wants to sell New Heights Select, they have to go through Annexus.
Please note if an independent agent wants to sell New Heights Select, they have to go through Annexus.
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 SG Macro Compass Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Biennial
|
135%
Participation
0.75%
Spread
|
| 2-Year SG Macro Compass Balanced Allocation Participation Rate Option B |
Balanced Allocation
Biennial
|
120%
Participation
|
| 2-Year NYSE Zebra Edge II Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Biennial
|
165%
Participation
0.75%
Spread
|
| 2-Year NYSE Zebra Edge II Balanced Allocation Participation Rate Option B |
Balanced Allocation
Biennial
|
145%
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
|
35%
Participation
|
| 2-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Biennial
|
150%
Participation
0.75%
Spread
|
| 2-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate Option B |
Balanced Allocation
Biennial
|
130%
Participation
|
| 2-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Biennial
|
185%
Participation
0.75%
Spread
|
| 2-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate Option B |
Balanced Allocation
Biennial
|
165%
Participation
|
| 1-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
120%
Participation
|
| 1-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Annual
|
130%
Participation
0.75%
Spread
|
| 1-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
95%
Participation
|
| 1-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Annual
|
110%
Participation
0.75%
Spread
|
| 1-Year S&P 500 Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
30%
Participation
|
| 1-Year S&P 500 Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Annual
|
50%
Participation
1.95%
Spread
|
| 1-Year NYSE Zebra Edge II Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
105%
Participation
|
| 1-Year NYSE Zebra Edge II Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Annual
|
120%
Participation
0.75%
Spread
|
| 1-Year SG Macro Compass Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
95%
Participation
|
| 1-Year SG Macro Compass Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Annual
|
105%
Participation
0.75%
Spread
|
| 2-Year Nasdaq-100 Volatility Control 10% PR Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Biennial
|
60%
Participation
1.95%
Spread
|
| 2-Year Nasdaq-100 Volatility Control 10% PR Balanced Allocation Participation Rate Option B |
Balanced Allocation
Biennial
|
35%
Participation
|
| 2-Year Loomis Sayles Discovery Balanced Allocation Participation Rate Option B |
Balanced Allocation
Biennial
|
90%
Participation
|
| 2-Year Loomis Sayles Discovery Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Biennial
|
110%
Participation
0.95%
Spread
|
| 1-Year Nasdaq-100 Volatility Control 10% PR Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
30%
Participation
|
| 1-Year Nasdaq-100 Volatility Control 10% PR Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Annual
|
45%
Participation
1.95%
Spread
|
| 1-Year Loomis Sayles Discovery Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Annual
|
75%
Participation
0.95%
Spread
|
| 1-Year Loomis Sayles Discovery Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
65%
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 |
| New Heights Select 10 High Point 365 | No | 0.95% annually |
| Nationwide 10 High Point 365 Select rider with Bonus | No | 1.10% 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.
RMD
The product includes Penalty-Free Withdrawal Provisions for RMD.
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.Required Minimum Distribution (RMD)Available free of Surrender Charges and MVA (if applicable).Market Value Adjustment (MVA)Applies during the Surrender Charge period to withdrawals in excess of the contract’s free withdrawal amount, and does not apply to long-term care event or terminal illness or injury withdrawals or if a death benefit is payable; not applicable in all states. Please refer to the back page for more information on MVA.
Company Founded: 1981
TOP Rated
Company
Company Ratings
4.8
- A.M. Best A+
- S&P A+
- Moody's A1
- Comdex 90
Assets: $50,870,609,500
Ohio
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