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 Life Insurance Company
Nationwide Peak 10 (State Variation)-brochure Nationwide Peak 10 (State Variation)-brochure

Nationwide Peak 10 (State Variation)

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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
9.2%8.9%7.9%7%6%5%4%3%2%1%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$25,000
Maximum Contribution
$1,000,000
Max Age Qualified
85
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: AK, CT, ID, IA, MN, MS, MO, NV, NH, NJ, OH, OK, OR, PA, RI, SC, TX, UT, WA, and WY

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%

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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

Maximum Issue Aage
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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