The Best of America® America's INCOME
Annuity®
The Best of America® America’s INCOME Annuity® is a single-premium, immediate variable annuity. An immediate annuity is a contract with an insurance company that provides immediate regular payments in exchange for a lump-sum investment.
By annuitizing, you can opt for lifetime income so you can’t outlive your income − no matter how long you live. And, if you're investing with money that's already been taxed, you could receive a portion of each of your payments tax free.
Withdrawals
You can also take out unscheduled, partial withdrawals if the need arises. Unscheduled withdrawals will be subject to ordinary income tax and if taken prior to age 59½, may be subject to a 10% tax penalty.
Keep in mind that unscheduled withdrawals will reduce and may eliminate the payments received during the remaining term-certain period. In addition, withdrawals may result in a contingent deferred sales charge and may not be available in all states.
Learn more
- Key facts (PDF)
- Product prospectus (PDF)
- Riders & options
- Fees and charges
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Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the institution • Not insured by any federal government agency • May lose value
Guarantees and protections are subject to Nationwide’s claims-paying ability. They don’t apply to the investment performance or safety of the underlying investment options. Underlying subaccounts are only available as investment options in variable insurance contracts issued by life insurance companies. They are not offered directly to the general public.
The Best of America® America’s INCOME Annuity® is issued by Nationwide Life Insurance Company, Columbus, Ohio, a member of Nationwide Financial®.
Contract/Rider Numbers: IAC-0100AO, IAC-0100OR, IAC-0100TX, IAR-0100AO, IAR-0100TX Oklahoma Contract/Rider Numbers: IAC-0100OK, IAR-0100AO
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