Nationwide Destination^SM [L] 2.0 and Nationwide Destination^SM [L] New York 2.0

Overview

Nationwide Destination^SM L is a variable deferred annuity with a four-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: $10,000; subsequent: $500 (or $50 by automated clearinghouse)
Contingent Deferred Sales Charge (CDSC): 4-year 7-7-6-5-0%
$30 administrative charge, waived when contract value is greater than $50,000 on any contract anniversary
Mortality and expense risk charge: 1.75% (M&E 1.55%, 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

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

When evaluating the purchase of a variable annuity, your clients 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. These guarantees don’t apply to any variable accounts that are subject to investment risk, including possible loss of your principal.

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, the Nationwide framemark, On Your Side, The Nationwide Lifetime Income Rider, Nationwide Destination, and Nationwide Clear Horizon are service marks of Nationwide Mutual Insurance Company. Income Promise and America's marketFLEX are service marks of Nationwide Life Insurance Company.

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

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