SM C is a variable deferred annuity with no 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.
No Contingent Deferred Sales Charge
Lifetime income through annuitization
Death benefit options including annuitant-driven spousal protection
Access to a wide range of 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: $10,000; subsequent: $1,000 (or $150 by automated clearinghouse)
Contingent Deferred Sales Charge (CDSC): none
Mortality and expense risk charge: 1.60% (M&E 1.40%, admin fee 0.20%)
CDSC-free withdrawals: assets may be withdrawn at any time, for any reason, without incurring surrender charges. 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
For more information or to make a case, call the Nationwide Sales Desk at 1-800-321-6064.
When evaluating the purchase of a variable annuity, you should be aware that variable annuities are long-term investment vehicles designed for retirement purposes and will fluctuate in value; annuities have limitations; and, investing involves market risk, including possible loss of principal.
A variable annuity is a contract you buy from an insurance company. It's designed to help accumulate assets to provide income for retirement. It will fluctuate in value based on the performance of the underlying investment options. You should also know that all guarantees and protections of a variable annuity are subject to the claims-paying ability of the issuing insurance company.
Annuities do have limitations. You may be charged a penalty if you take your money out early, if you're not yet 59½ (additional 10% tax penalty), or both. Variable annuities have fees and charges that include mortality and expense, administrative fees, contract fees, and the expense of the underlying investment options.
Variable products are sold by prospectus. Both the product prospectus and underlying fund prospectuses can be obtained from your investment professional or by writing to Nationwide Life Insurance Company, P.O. Box 182021, Columbus, OH 43218-2021. Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. The product prospectus and underlying fund prospectus contain this and other important information. Read the prospectuses carefully before investing.
Annuity products are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, OH. Unless otherwise noted, the general distributor is Nationwide Investment Services Corporation, member FINRA (in MI only: Nationwide Investment Svcs. Corporation).
Nationwide, Nationwide Financial, the Nationwide framemark, Nationwide Destination, The Nationwide Lifetime Income Rider, Nationwide Lifetime Income Capture and Nationwide Lifetime Income Track are service marks of Nationwide Mutual Insurance Company. Beneficiary Protector and All American Gold are service marks of Nationwide Life Insurance Company.