Nationwide Destination Architect is a low-cost advisory-based variable annuity with no surrender charge and more than 100 investment options to choose from when a guaranteed lifetime withdrawal benefit (GLWB) is not elected.
Nationwide Destination Architect is an advisory-based variable annuity for clients who are seeking to build a portfolio with growth potential and guaranteed lifetime income, but are wary of high fees that may impact their opportunity for growth. All guarantees and protections are subject to the claims-paying ability of Nationwide Life insurance company. Additional costs apply to elect this guarantee and restrictions apply.
We offer a wide variety of
investment options across a broad spectrum of asset classes and styles, including multiple asset allocation funds. Sales idea
Product literature/support materials
Maximum issue age: Annuitant age 85; no minimum issue age
Plan types: Nonqualified, IRA, Roth IRA, SIMPLE IRA, SEP IRA, Charitable Remainder Trusts
Minimum initial investment: $25,000
Subsequent payments: $1000 (or $150 for automated clearinghouse)
Return of purchase payment death benefit is standard (greater of contract value or purchase payments less applicable fees and previous withdrawal amounts)
Contingent Deferred Sales Charge: N/A
Total fee: 0.40%
Mortality & expense fee: 0.20%
Admin fee: 0.20%
For more information or to make a case, contact the National Sales Desk 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.
Nationwide Lifetime Income Track, Lifetime Income Track and Nationwide Destination are service marks of Nationwide Mutual Insurance Company.