Customize Payment Options With the INCOME Promise Select® Immediate Annuity
INCOME Promise Select allows your clients to create their own payment plan. Whether they’re single or married, have beneficiaries or not, or want guaranteed income for life or just a specific period of time − we have an option for everyone.
Choose one of these income options to build a guaranteed income stream that help meets your client’s specific needs.
Guarantees and protections are subject to Nationwide's claims-paying ability. These illustrations are hypothetical and meant for illustrative purposes only.
Provides guaranteed income for a period of time or for life, whichever is longer. The graphic illustrates a single life with 15-year term-certain payment option.
If the annuitant dies before the end of the term-certain period, the beneficiary can choose to receive the remaining term payments (or a lump-sum payment that is equivalent to the present value of the remaining payments). If they die after the term-certain period has ended, income payments stop with their death.
Provides lifetime income for the annuitant and joint annuitant regardless of how long either lives.
If an annuitant dies, the second annuitant continues to receive income payments equal to 50% of the original payment amount for the remainder of his or her life. When the second annuitant dies, income payments stop.