Nationwide Peak 5 (CA, DE Only)
Highlights
|
Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation |
|
Term
|
5 Years |
|
Surrender schedule
|
9%8%7%6%5% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
06/10/2019 |
|
Minimum contribution
|
$25,000 |
|
Maximum contribution
|
$1,000,000 |
|
Max Age Qualified
|
90 |
|
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 Peak 5 (CA, DE Only) is the right product for you.
Premium Notes
Annuitant: 90 for single life, 85 for joint Owner may be 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
Available surrender charge and MVA free; if withdrawals taken for the purpose of RMD exceed the free withdrawal amount, the free withdrawal amount will be increased to match the RMD amount for that year.
Free withdrawals
- 10% annually of contract value at beginning of term (noncumulative)
- Withdrawals will not receive any index account earnings.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.15%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
10%
Cap
|
| 1-Year Morgan Stanley 3D PTP Cap |
Point to Point
Annual
|
9%
Cap
|
| 1-Year J.P.Morgan Mozaic II PTP Cap |
Point to Point
Annual
|
9%
Cap
|
| 1-Year Fixed Account |
Fixed
|
4.45%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
10.5%
Cap
|
| 1-Year Morgan Stanley 3D PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year J.P.Morgan Mozaic II PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% |
Riders
No Riders for Nationwide Peak 5 (CA, DE Only) annuity.
Waivers
Terminal Illness
Available after the first completed contract year; may not be available in all states; maximum issue age of 80. Applies to annuitants and co-annuitants..
Annuitization
After 2 years (1 year in Florida) or the date the annuitant reaches age 95, unless another date is chosen by the contract owner.
Confinement
Available after the first completed contract year; maximum issue age of 80 for waiver May not be available in all states; in the state of CT, the waiver maximum issue age is aligned with the contract maximum issue ages and the waiver is not available until after the second contract anniversary. The nursing home waiver does not include home health care.
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