Nationwide New Heights Select 9 (CA Only)

Nationwide Life Insurance Company
Nationwide New Heights Select 9 (CA Only)-brochure Nationwide New Heights Select 9 (CA Only)-brochure

Nationwide New Heights Select 9 (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
Accumulation & Legacy
Term
9 Years
Surrender schedule
8.15%7.85%7%6%5%4%3%2%1%
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. 

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
3-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Triennial
265% Participation
0.75% Spread
3-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate Option B
Balanced Allocation
Triennial
235% Participation
3-Year SG Macro Compass Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Triennial
185% Participation
0.75% Spread
3-Year SG Macro Compass Balanced Allocation Participation Rate Option B
Balanced Allocation
Triennial
160% Participation
3-Year NYSE Zebra Edge II Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Triennial
230% Participation
0.75% Spread
3-Year NYSE Zebra Edge II Balanced Allocation Participation Rate Option B
Balanced Allocation
Triennial
200% Participation
3-Year S&P 500 Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Triennial
60% Participation
1.95% Spread
3-Year S&P 500 Balanced Allocation Participation Rate with Declared Rate Option B
Balanced Allocation
Triennial
40% Participation
3-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Triennial
195% Participation
0.75% Spread
3-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate Option B
Balanced Allocation
Triennial
170% Participation
3-Year MSCI EAFE Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Triennial
80% Participation
1.95% Spread
3-Year MSCI EAFE Balanced Allocation Participation Rate with Declared Rate Option B
Balanced Allocation
Triennial
60% Participation
1-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate Option B
Balanced Allocation
Annual
130% 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
100% Participation
1-Year NYSE Zebra Edge II Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Annual
135% Participation
0.75% Spread
1-Year NYSE Zebra Edge II Balanced Allocation Participation Rate Option B
Balanced Allocation
Annual
120% Participation
1-Year S&P 500 Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Annual
45% Participation
1.95% Spread
1-Year S&P 500 Balanced Allocation Participation Rate Option B
Balanced Allocation
Annual
30% Participation
1-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Annual
120% 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
35% Participation
1-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Annual
140% Participation
0.75% Spread

Surrender schedule

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

Riders

Name Inbuilt Fee
High Point Enhanced Death Benefit Rider No 0.50% 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.

Required Minimum Distribution (RMD)
Available free of Surrender Charges and MVA (if applicable).

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