Nationwide Defender Annuity

Nationwide Life Insurance Company
Nationwide Defender Annuity-brochure Nationwide Defender Annuity-brochure

Nationwide Defender Annuity

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Ratings:

  • A.M. Best A+
  • S&P A+
  • Moody's A1
  • Comdex 90

About Product

Type
Registered Index-Linked
Purpose
Accumulation & Legacy
Term
6 Years
Surrender schedule
8%8%7%6%5%4%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$25,000
Maximum Contribution
$1,000,000
Max Age Qualified
85
Types Of Funds
Non-Qualified, 401k, IRA, 401a, SEP IRA, IRA-Roth, and SIMPLE IRA
Launch Date
07/17/2023
Nationwide Defender is a registered index-linked annuity 
A registered index-linked annuity (RILA) is an individual single-purchase-payment deferred annuity and long-term savings option that limits exposure to downside risk and provides the opportunity for growth. It offers more growth potential than a fixed indexed annuity but less potential return and less risk than a variable annuity. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, GU, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, PA, PR, RI, SC, SD, TN, TX, UT, VT, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4% Fixed
6-Year S&P 500 PTP Participation Rate with 20% Buffer Uncapped
Point to Point
6-Year
115% Participation
1-Year S&P 500 PTP Cap with 20% Buffer
Point to Point
Annual
14% Cap
1-Year S&P MidCap 400 PTP Cap with 10% Buffer
Point to Point
Annual
23% Cap
6-Year Russell 2000 PTP Participation Rate with 10% Buffer Uncapped
Point to Point
6-Year
120% Participation
3-Year Russell 2000 PTP Participation Rate with 10% Buffer Uncapped
Point to Point
Triennial
110% Participation
3-Year S&P 500 PTP Participation Rate with 20% Buffer Uncapped
Point to Point
Triennial
110% Participation
1-Year Nasdaq-100 PTP Cap with 10% Buffer
Point to Point
Annual
20% Cap
1-Year MSCI EAFE PTP Cap with 10% Buffer
Point to Point
Annual
40% Cap
1-Year Russell 2000 PTP Cap with 10% Buffer
Point to Point
Annual
25% Cap
1-Year S&P 500 PTP Cap with 10% Buffer
Point to Point
Annual
24.5% Cap
3-Year S&P 500 PTP Participation Rate with 10% Buffer Uncapped
Point to Point
Triennial
120% Participation
6-Year S&P 500 PTP Participation Rate with 10% Buffer Uncapped
Point to Point
6-Year
125% Participation

Surrender schedule

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

Riders

Name Inbuilt Fee
Defender ROP Death Benefit option No 0.15% annually

Waivers

Death

no CDSC or MVA will be assessed: upon the payment of the Death Benefit or on any partial withdrawal or full surrender after the Death Benefit is paid

Terminal Illness

Unavailable in states: MA, PA, and WA

If the Contract Owner is is diagnosed by a physician as having a Terminal Illness or Injury beginning after the Date of Issue that is expected to result in death within 12 months of diagnosis: -Nationwide will increase the Remaining Free Withdrawal Amount for the current and all subsequent Contract Years so that all partial withdrawals or a full surrender are Free Withdrawals. -Only available if the Contract Owner and Annuitant are the same person, and as of the Date of Issue that person is no older than 80 years old.

Annuitization

no CDSC or MVA will be assessed: upon the Annuitization of the Contract if it has been in force for at least two years

Long-term Care

Unavailable in states: MA, and PA

If the Contract Owner is confined to a Long-Term Care Facility or Hospital beginning after the Date of Issue and is confined for a continuous period of 90 days or more: -Nationwide will increase the Remaining Free Withdrawal Amount for the current and all subsequent Contract Years so that all partial withdrawals or a full surrender are Free Withdrawals. -Only available if the Contract Owner and Annuitant are the same person, and as of the Date of Issue that person is no older than 80 years old.

Premium Notes

Minimum investment
$25,000 (single purchase payment only)
Age limits
85 for annuitants; no limit for owners 

Withdrawal Provisions

CDSC- and MVA-free withdrawals
During the first 6 contract years, you may withdraw 10% of the contract value at the beginning of that contract year or the required minimum distribution value (whichever is greater).  Beginning in year 7, no CDSC or MVA applies to withdrawals.  Please be aware that withdrawals in excess of the remaining penalty-free withdrawal amount may negatively impact the amount of your withdrawal.

Market value adjustment (MVA)
This will be an adjustment (positive or negative based on market conditions) for withdrawals greater than the free amount during the first 6 years

Systematic withdrawals 
• Monthly • Quarterly • Semiannually • Annually 

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