Your retirement is coming − and it’s up to you to plan for it. A variable annuity is one way to potentially accumulate the funds you need to help pay for the retirement you want.
Nationwide Destination C Annuity is a deferred variable annuity. Variable annuities are long-term investment vehicles designed to help with retirement planning. They are contracts issued by a life insurance company that provide a variable rate of return based on the performance of underlying investment options.
Nationwide Destination C offers you the protection of an annuity while providing access to your deposits at any time without a surrender charge. Withdrawals of taxable amounts will be subject to ordinary income tax and, if taken prior to age 59½, may be subject to an additional 10% IRS tax penalty. If you do take an early withdrawal, your death benefit and cash value will be reduced.