Nationwide New Heights Select 9 (Most States)

Nationwide Life Insurance Company
Nationwide New Heights Select 9 (Most States)-brochure Nationwide New Heights Select 9 (Most States)-brochure

Nationwide New Heights Select 9 (Most States)

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Ratings:

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

About Product

Type
Fixed Index
Purpose
Lifetime Income & Legacy
Term
9 Years
Surrender schedule
9%9%9%9%8%7%6%5%4%
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, 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: 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
3-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Triennial
295% Participation
0.75% Spread
3-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate Option B
Balanced Allocation
Triennial
260% Participation
3-Year SG Macro Compass Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Triennial
200% Participation
0.75% Spread
3-Year SG Macro Compass Balanced Allocation Participation Rate Option B
Balanced Allocation
Triennial
180% Participation
3-Year NYSE Zebra Edge II Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Triennial
255% Participation
0.75% Spread
3-Year NYSE Zebra Edge II Balanced Allocation Participation Rate Option B
Balanced Allocation
Triennial
225% Participation
3-Year S&P 500 Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Triennial
70% Participation
1.95% Spread
3-Year S&P 500 Balanced Allocation Participation Rate with Declared Rate Option B
Balanced Allocation
Triennial
0.5% Fixed
45% Participation
3-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Triennial
215% Participation
0.75% Spread
3-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate Option B
Balanced Allocation
Triennial
190% Participation
3-Year MSCI EAFE Balanced Allocation Participation Rate with Spread Option A
Balanced Allocation
Triennial
95% Participation
1.95% Spread
3-Year MSCI EAFE Balanced Allocation Participation Rate with Declared Rate Option B
Balanced Allocation
Triennial
0.5% Fixed
65% Participation
1-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate Option B (Limited States)
Balanced Allocation
Annual
145% Participation
1-Year SG Macro Compass Balanced Allocation Participation Rate with Spread Option A (Limited States)
Balanced Allocation
Annual
125% Participation
0.75% Spread
1-Year SG Macro Compass Balanced Allocation Participation Rate Option B (Limited States)
Balanced Allocation
Annual
110% Participation
1-Year NYSE Zebra Edge II Balanced Allocation Participation Rate with Spread Option A (Limited States)
Balanced Allocation
Annual
150% Participation
0.75% Spread
1-Year NYSE Zebra Edge II Balanced Allocation Participation Rate Option B (Limited States)
Balanced Allocation
Annual
135% Participation
1-Year S&P 500 Balanced Allocation Participation Rate with Spread Option A (Limited States)
Balanced Allocation
Annual
50% Participation
1.95% Spread
1-Year S&P 500 Balanced Allocation Participation Rate Option B (Limited States)
Balanced Allocation
Annual
0.5% Fixed
30% Participation
1-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate with Spread Option A (Limited States)
Balanced Allocation
Annual
135% Participation
0.75% Spread
1-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate Option B (Limited States)
Balanced Allocation
Annual
120% Participation
1-Year MSCI EAFE Balanced Allocation Participation Rate with Spread Option A (Limited States)
Balanced Allocation
Annual
60% Participation
1.95% Spread
1-Year MSCI EAFE Balanced Allocation Participation Rate Option B (Limited States)
Balanced Allocation
Annual
0.5% Fixed
40% Participation
1-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate with Spread Option A (Limited States)
Balanced Allocation
Annual
155% Participation
0.75% Spread

Surrender schedule

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

Riders

Name Inbuilt Fee
High Point Enhanced Death Benefit Rider No 0.50% annually
Nationwide High Point 365 Select rider with Bonus No 1.10% annually
New Heights Select 9 High Point 365 No 0.95% 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).

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. 

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