Nationwide Peak 10 (State Variation)
The Nationwide Peak 10 is a stellar choice for retirees desiring a secure income stream. This annuity offers promising returns and flexibility to plan your retirement better, truly a breath of fresh air in investment circles!
Its standout benefit is attractive bonus rates, allowing your income to grow faster. Safety-minded folks will appreciate the built-in protection features, offering peace of mind for your golden years. A must-consider option!
Nationwide Peak 10 (State Variation)
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.55%
Fixed
|
| 2-Year BNPP Global H-Factor PTP Participation Rate with Spread Option B |
Point to Point
Biennial
|
245%
Participation
|
| 2-Year BNPP Global H-Factor PTP Participation Rate with Spread Option A |
Point to Point
Biennial
|
265%
Participation
1%
Spread
|
| 1-Year BNPP Global H-Factor PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
| 1-Year AB Growth & Value Balanced PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
| 2-Year AB Growth & Value Balanced PTP Participation rate with Spread Option A |
Point to Point
Biennial
|
230%
Participation
1%
Spread
|
| 2-Year AB Growth & Value Balanced PTP Participation rate with Spread Option B |
Point to Point
Biennial
|
205%
Participation
|
| 1-Year J.P. Morgan Cycle PTP Cap |
Point to Point
Annual
|
8.5%
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
|
5.3%
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
|
8.5%
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
|
180%
Participation
|
| 1-Year Fixed Account |
Fixed
|
3.8%
Fixed
|
| 2-Year BNPP Global H-Factor PTP Participation Rate with Spread Option B |
Point to Point
Biennial
|
265%
Participation
|
| 2-Year BNPP Global H-Factor PTP Participation Rate with Spread Option A |
Point to Point
Biennial
|
290%
Participation
1%
Spread
|
| 1-Year BNPP Global H-Factor PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year AB Growth & Value Balanced PTP Cap |
Point to Point
Annual
|
9.5%
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
|
9.5%
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
|
5.8%
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
|
9.5%
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
|
190%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
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
Unavailable in states: NJ
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
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.
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