The Best of America V | Nationwide Financial

Overview

The Best of America V annuity is a long-term, tax-deferred investment designed for retirement. More than 80 investment options from a select group of money managers are available.

Target market

The Best of America V annuity is for customers seeking income for retirement. While the minimum initial investment is $1,000, there is no initial minimum purchase payment for 403(b) plans.

Key features

Income through annuitization
Death benefits
Tax-deferred growth

Investment options

We offer a wide variety of investment options across a broad spectrum of asset classes and styles, including multiple asset allocation funds.

Product literature/support materials

Product details

Maximum issue ages: Annuitant age 85, owner any age
Plan types: NQ, IRA, Roth IRA, Simple IRA, 401(a) investment only, 403(b), SEP-IRA, CRTs
Contingent Deferred Sales Charge (CDSC): 7-year 7-7-6-5-4-3-2-0%
1.10% M&E
Annual contract maintenance charge: $15, waived when contract value is greater than $25,000 on any contract anniversary
Minimum investment: $1,000; subsequent: $25
Penalty free withdrawals:
- 10% of purchase payment annually, noncumulative
- RMDs
Standard death benefit is the greatest of the contract value, the total of all purchase payments less adjustments for withdrawals, and the contract value as of the most recent 5-year contract anniversary prior to the annuitants 86th birthday, less any withdrawals

Riders

One-Year Step-Up Death Benefit (0.05%): Greatest of contract value, the total of all purchase payments less adjustments for withdrawals, and the contract value as of the most recent contract anniversary prior to the annuitants 86th birthday, less any withdrawals
5% Enhanced Death Benefit (0.10%): Greatest of contract value, the total of all purchase payments less adjustments for withdrawals, and purchase payments accumulated at 5% simple interest (max of 200% of net purchase payments) until the most recent contract anniversary prior to the annuitants 86th birthday, less any withdrawals
Five-Year CDSC Schedule (0.15%): replaces the 7-year CDSC schedule with a 5-year CDSC schedule 7-7-6-4-2-0%
Additional 5% Withdrawal and Disability Waiver (0.10%): allows withdrawals of an additional 5% of purchase payments each year in addition to the standard 10% without CDSC charges. Includes a medical disability waiver for CDSC-free access to the contract value if the owner becomes disabled after establishing the contract and before age 65

Get started

For more information or to make a case, contact your Nationwide wholesaler at 1-800-321-6064.

Keep in mind that investing involves market risk and your investment return, principal value and periodic payments will fluctuate over time. You could end up with more or less than the amount you invested.

An annuity is a long-term, tax-deferred investment designed for retirement. It will fluctuate in value. It allows you to create a fixed or variable stream of income through a process called annuitization. It provides a variable rate of return based on the performance of the underlying investments. An annuity isn’t intended to replace emergency funds or to fund short-term savings goal.

You should also know that an annuity contains guarantees and protections that are subject to the issuing insurance company’s ability to pay for them. But these guarantees don’t apply to any variable accounts that are subject to investment risk, including possible loss of your principal.

An annuity is a contract between you and an insurance company and it’s sold by prospectus. You should read these documents. They describe risk factors, fees and charges that may apply to you. Variable annuities have fees and charges that include mortality and expense, administrative fees, contract fees, and the expense of the underlying investment options.

Variable annuities are sold by prospectus. The product prospectus and underlying fund prospectuses can be obtained by writing to Nationwide Life Insurance Company, P.O. Box 182021, Columbus, Ohio 43218-2021. Carefully consider the fund’s investment objectives, risks, charges and expenses. Prospectuses contain this and other important information. Your clients should read them carefully before investing.

All guarantees and protections, where available, are subject to the claims-paying ability of Nationwide Life Insurance Company.

The Best of America is a service mark of Nationwide Life Insurance Company.