Nationwide New Heights Select 9 with Lifetime Income (CA Only)
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Highlights
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.
Available in states:
CA
|
Type
|
Fixed Index |
|---|---|
| Purpose | Lifetime Income |
|
Term
|
9 Years |
|
Surrender schedule
|
8.15%7.85%7%6%5%4%3%2%1% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 7% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
03/08/2021 |
|
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 |
Brochure
|
Open brochure |
Find out if the Nationwide New Heights Select 9 with Lifetime Income (CA Only) is the right product for you.
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Charge (or MVA or recoupment of unvested bonus, if applicable) and receive full earnings-to-date on the amount withdrawn. After the Surrender Charge period, 10% of your contract value each year will receive full earnings-to-date if withdrawn.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).
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).
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 3-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Triennial
|
310%
Participation
0.75%
Spread
|
| 3-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate Option B |
Balanced Allocation
Triennial
|
270%
Participation
|
| 3-Year SG Macro Compass Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Triennial
|
210%
Participation
0.75%
Spread
|
| 3-Year SG Macro Compass Balanced Allocation Participation Rate Option B |
Balanced Allocation
Triennial
|
185%
Participation
|
| 3-Year NYSE Zebra Edge II Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Triennial
|
265%
Participation
0.75%
Spread
|
| 3-Year NYSE Zebra Edge II Balanced Allocation Participation Rate Option B |
Balanced Allocation
Triennial
|
230%
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
|
225%
Participation
0.75%
Spread
|
| 3-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate Option B |
Balanced Allocation
Triennial
|
200%
Participation
|
| 3-Year MSCI EAFE Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Triennial
|
90%
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 SG Macro Compass Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Annual
|
130%
Participation
0.75%
Spread
|
| 1-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
150%
Participation
|
| 1-Year Goldman Sachs New Horizons Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Annual
|
165%
Participation
0.75%
Spread
|
| 1-Year MSCI EAFE Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
0.5%
Fixed
40%
Participation
|
| 1-Year MSCI EAFE Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Annual
|
60%
Participation
1.95%
Spread
|
| 1-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
125%
Participation
|
| 1-Year J.P. Morgan Mozaic II Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Annual
|
140%
Participation
0.75%
Spread
|
| 1-Year S&P 500 Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
0.5%
Fixed
35%
Participation
|
| 1-Year S&P 500 Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Annual
|
50%
Participation
1.95%
Spread
|
| 1-Year NYSE Zebra Edge II Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
145%
Participation
|
| 1-Year NYSE Zebra Edge II Balanced Allocation Participation Rate with Spread Option A |
Balanced Allocation
Annual
|
160%
Participation
0.75%
Spread
|
| 1-Year SG Macro Compass Balanced Allocation Participation Rate Option B |
Balanced Allocation
Annual
|
120%
Participation
|
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 |
|---|---|---|
| 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.
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