Nationwide Defender Annuity
Highlights
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.
|
Type
|
Registered Index-Linked |
|---|---|
| Purpose | Accumulation & Legacy |
|
Term
|
6 Years |
|
Surrender schedule
|
8%8%7%6%5%4% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
07/17/2023 |
|
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 |
Brochure
|
Open brochure |
Find out if the Nationwide Defender Annuity is the right product for you.
Premium Notes
$25,000 (single purchase payment only)
Age limits
85 for annuitants; no limit for owners
Withdrawal Provisions
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
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
|
120%
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
|
125%
Participation
|
| 3-Year Russell 2000 PTP Participation Rate with 10% Buffer Uncapped |
Point to Point
Triennial
|
115%
Participation
|
| 3-Year S&P 500 PTP Participation Rate with 20% Buffer Uncapped |
Point to Point
Triennial
|
115%
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
|
125%
Participation
|
| 6-Year S&P 500 PTP Participation Rate with 10% Buffer Uncapped |
Point to Point
6-Year
|
135%
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.
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