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Nationwide New Heights Select 8

The Nationwide New Heights Select 8 is a fantastic annuity product that guarantees a steady stream of income during your retirement. It offers financial security, ensuring you can enjoy your sunsets worry-free!

Based on the product brochure and public info, this product stands out due to its ability to grow your investment while protecting it from market downturns. A definite thumbs up for those planning for a secure future!

Nationwide New Heights Select 8

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About Product

Type

Fixed Index

Purpose

Lifetime Income & Legacy

Term

8 Years

Surrender schedule

Fee withdrawal:

Market Value Adjustment

Yes

Return Of Premium

Yes

Minimum Contribution

$10,000

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, 1035 Exchange, 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.

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

Available in states: AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
2-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Biennial	220% Participation 0.75% Spread
2-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate Option B	Balanced Allocation Biennial	200% Participation
2-Year SG Macro Compass Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Biennial	160% Participation 0.75% Spread
2-Year SG Macro Compass Balanced Allocation Participation Rate Option B	Balanced Allocation Biennial	145% Participation
2-Year NYSE Zebra Edge II Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Biennial	200% Participation 0.75% Spread
2-Year NYSE Zebra Edge II Balanced Allocation Participation Rate Option B	Balanced Allocation Biennial	180% Participation
2-Year S&P 500 Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Biennial	60% Participation 1.95% Spread
2-Year S&P 500 Balanced Allocation Participation Rate Option B	Balanced Allocation Biennial	40% Participation
2-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Biennial	180% Participation 0.75% Spread
2-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate Option B	Balanced Allocation Biennial	160% Participation
2-Year MSCI EAFE Balanced Allocation Participation Rate with Spread Option A (VA Only)	Balanced Allocation Biennial	75% Participation 1.95% Spread
2-Year MSCI EAFE Balanced Allocation Participation Rate Option B (VA Only)	Balanced Allocation Biennial	55% Participation
1-Year SG Macro Compass Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Annual	120% Participation 0.75% Spread
1-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate Option B	Balanced Allocation Annual	135% Participation
1-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Annual	150% Participation 0.75% Spread
1-Year MSCI EAFE Balanced Allocation Participation Rate Option B (VA Only)	Balanced Allocation Annual	40% Participation
1-Year MSCI EAFE Balanced Allocation Participation Rate with Spread Option A (VA Only)	Balanced Allocation Annual	55% Participation 1.95% Spread
1-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate Option B	Balanced Allocation Annual	115% Participation
1-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Annual	130% 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	45% Participation 1.95% Spread
1-Year NYSE Zebra Edge II Balanced Allocation Participation Rate Option B	Balanced Allocation Annual	130% Participation
1-Year NYSE Zebra Edge II Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Annual	145% Participation 0.75% Spread
1-Year SG Macro Compass Balanced Allocation Participation Rate Option B	Balanced Allocation Annual	110% Participation
2-Year Nasdaq-100 Volatility Control 10% PR Balanced Allocation Participation Rate with Spread Option A (Limited States)	Balanced Allocation Biennial	70% Participation 1.25% Spread
2-Year Nasdaq-100 Volatility Control 10% PR Balanced Allocation Participation Rate Option B (Limited States)	Balanced Allocation Biennial	55% Participation
2-Year Loomis Sayles Discovery Balanced Allocation Participation Rate Option B (Limited States)	Balanced Allocation Biennial	120% Participation
2-Year Loomis Sayles Discovery Balanced Allocation Participation Rate with Spread Option A (Limited States)	Balanced Allocation Biennial	140% Participation 0.95% Spread
1-Year Nasdaq-100 Volatility Control 10% PR Balanced Allocation Participation Rate Option B	Balanced Allocation Annual	45% Participation
1-Year Nasdaq-100 Volatility Control 10% PR Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Annual	55% Participation 1.25% Spread
1-Year Loomis Sayles Discovery Balanced Allocation Participation Rate with Spread Option A	Balanced Allocation Annual	95% Participation 0.95% Spread
1-Year Loomis Sayles Discovery Balanced Allocation Participation Rate Option B	Balanced Allocation Annual	85% Participation

Surrender schedule

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

Riders

Name	Inbuilt	Fee
New Heights Select 8 High Point 365	No	0.95% annually
High Point Enhanced Death Benefit Rider	No	0.50% annually
Nationwide 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.

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: 1929

TOP Rated Company

Nationwide Life Insurance Company

Company Ratings

4.7