Nationwide Destination^SM All American Gold^SM 2.0 and Nationwide Destination^SM All American Gold^SM New York 2.0

Overview

Nationwide Destination^SM All American Gold^SM is a variable deferred annuity with a seven-year CDSC.

Target market

This product is designed for investors looking for tax-deferred growth, varied investment choices, and other options to help them prepare for and live in retirement.

Key features

Lifetime income through annuitization or a living benefit rider
Death benefit options including built-in, annuitant-driven spousal protection
Tax-deferred growth
Access to a wide range of investment options

Investment options

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

Sales idea

Spousal Protection Feature

Product literature/support materials

Client Kit

Product details

Maximum issue ages: annuitant age 85, owner any age
Plan types: Nonqualified, IRA, IRA Rollover, Roth IRA, SIMPLE IRA, SEP IRA, CRT, 401(k), 401(a), Investment Only
Minimum investment: $5,000 non-qualified, $3,000 qualified; subsequent: $500 (or $50 by automated clearinghouse)
Fees:
- Contingent Deferred Sales Charge (CDSC): 7-year declining charge
- $30 administrative charge, waived when contract value is greater than $50,000 on any contract anniversary
- Mortality and expense risk charge: 1.15% (M&E 0.95 %, admin fee 0.20%)
Purchase Payment Credit: 0.50% credit on purchase payments of $500,000 to $999,999 (cumulative payments on a contract); 1.00% credit on purchase payments of $1 million+ (cumulative payments on a contract)
Penalty free withdrawals: greater of 10% of purchase payment or the RMD amount, noncumulative; withdrawals of earnings at any age are subject to ordinary income tax and distributions prior to age 59½ may be subject to a 10% tax penalty
CDSC Waivers: Terminal illness and long-term case (may not be available in all states)

Riders

Get started

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.

Variable annuities are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Company, Columbus, OH. The general distributor is Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation.

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.

Nationwide, The Nationwide Lifetime Income Rider and Nationwide Destination are service marks of Nationwide Mutual Insurance Company. Beneficiary Protector is a service mark of Nationwide Life Insurance Company.