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Nationwide Peak 10 (Most States)

The Nationwide Peak 10 Annuity is a robust financial tool. It offers guaranteed income for life, crucial for retirees seeking financial security. It’s all about peace of mind with this annuity.

The product brochure clearly outlines everything about this annuity. Its flexibility allows you to customize your payout schedule according to your needs. It's simple yet effective!

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Nationwide Peak 10 (Most States)

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Ratings:

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

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About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

10 Years

Surrender schedule

10%10%9%8%7%6%5%4%3%2%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, Inherited IRA, and NQ Stretch

Launch Date

01/11/2021

Individual, single-purchase-payment deferred fixed indexed annuity.

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
1-Year Fixed Account	Fixed	3.65% Fixed
1-Year BNPP Global H-Factor PTP Cap	Point to Point Annual	9% Cap
2-Year BNPP Global H-Factor PTP Participation Rate with Spread Option A	Point to Point Biennial	275% Participation 1% Spread
2-Year BNPP Global H-Factor PTP Participation Rate with Spread Option B	Point to Point Biennial	250% Participation
1-Year AB Growth & Value Balanced PTP Cap	Point to Point Annual	9% Cap
2-Year AB Growth & Value Balanced PTP Participation rate with Spread Option A	Point to Point Biennial	240% Participation 1% Spread
2-Year AB Growth & Value Balanced PTP Participation rate with Spread Option B	Point to Point Biennial	210% Participation
1-Year J.P. Morgan Cycle PTP Cap	Point to Point Annual	9% Cap
2-Year J.P. Morgan Cycle PTP Participation Rate with Spread Option A	Point to Point Biennial	250% Participation 1% Spread
2-Year J.P. Morgan Cycle PTP Participation Rate with Spread Option B	Point to Point Biennial	220% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	5.5% Cap
2-Year S&P 500 PTP Participation Rate with Spread Option A	Point to Point Biennial	60% Participation 1% Spread
2-Year S&P 500 PTP Participation Rate with Spread Option B	Point to Point Biennial	50% Participation
1-Year S&P 500 DRC 5% ER PTP Cap	Point to Point Annual	9% Cap
2-Year S&P 500 DRC 5% ER PTP Participation Rate with Spread Option A	Point to Point Biennial	210% Participation 1% Spread
2-Year S&P 500 DRC 5% ER PTP Participation Rate with Spread Option B	Point to Point Biennial	185% Participation
1-Year Fixed Account	Fixed	3.9% Fixed
1-Year BNPP Global H-Factor PTP Cap	Point to Point Annual	10% Cap
2-Year BNPP Global H-Factor PTP Participation Rate with Spread Option A	Point to Point Biennial	290% Participation 1% Spread
2-Year BNPP Global H-Factor PTP Participation Rate with Spread Option B	Point to Point Biennial	265% Participation
1-Year AB Growth & Value Balanced PTP Cap	Point to Point Annual	10% Cap
2-Year AB Growth & Value Balanced PTP Participation rate with Spread Option A	Point to Point Biennial	250% Participation 1% Spread
2-Year AB Growth & Value Balanced PTP Participation rate with Spread Option B	Point to Point Biennial	225% Participation
1-Year J.P. Morgan Cycle PTP Cap	Point to Point Annual	10% Cap
2-Year J.P. Morgan Cycle PTP Participation Rate with Spread Option A	Point to Point Biennial	265% Participation 1% Spread
2-Year J.P. Morgan Cycle PTP Participation Rate with Spread Option B	Point to Point Biennial	235% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	6% Cap
2-Year S&P 500 PTP Participation Rate with Spread Option A	Point to Point Biennial	65% Participation 1% Spread
2-Year S&P 500 PTP Participation Rate with Spread Option B	Point to Point Biennial	55% Participation
1-Year S&P 500 DRC 5% ER PTP Cap	Point to Point Annual	10% Cap
2-Year S&P 500 DRC 5% ER PTP Participation Rate with Spread Option A	Point to Point Biennial	225% Participation 1% Spread
2-Year S&P 500 DRC 5% ER PTP Participation Rate with Spread Option B	Point to Point Biennial	195% Participation

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10
Penalty	10%	10%	9%	8%	7%	6%	5%	4%	3%	2%

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Investment Amount $

Riders

Name	Inbuilt	Fee
Guaranteed Income Solution	Yes
Bonus Income Rider (Single)	No	1.00% annually (1.20% max)
Bonus Income Rider (Joint)	No	1.30% annually (1.60% max)

Waivers

Terminal Illness

100% of the contract value may be withdrawn penalty-free after the first contract year if terminal illness or injury is diagnosed after the contract is issued; the maximum issue age is 80.

Annuitization

Available after 2 years or the date the annuitant reaches age 100, unless another date is chosen by the contract owner

Confinement

100% of the contract may be withdrawn penalty free if you are confined to a nursing home for a continuous 90-day period; confinement must begin after the contract is issued and may not be available in all states; maximum issue age is 80. The nursing home waiver does not include home health care.

Premium Notes

Maximum Issue Age
Annuitant: 85 (single or joint); owner: any age.

Due to the passage of the SECURE Act, beneficiaries of certain tax-qualified accounts (401, 403(a), 403(b), 408(b), 408A, and governmental 457(b)) will be required to take a full payout from the inherited IRA within 10 years of the death of the original account holder.

Withdrawal Provisions

Accessing your money
Nationwide Peak 10 allows you surrender charge- and MVA-free access to your money in the following circumstances:

Withdrawals of up to 10% of your contract value (keep in mind that any distributions prior to age 59½ may be subject to a 10% early withdrawal federal tax penalty)
Required minimum distributions, even if they exceed 10% of your contract value; please keep in mind that money withdrawn from the index account during the index term will forfeit potential earnings that would have been credited at the end of the term.