From now until 2030, 10,000 baby boomers will retire every day.1 Many are turning to financial advisors for help in managing their retirement income.
INCOME Promise Select®
Fixed Immediate Annuity
Offer Customized Retirement Income
Be the one to offer your clients a detailed retirement income plan
Clients want confidence that the income they need for essential living expenses will be there for as long as they need it. Please note that all guarantees are subject to the claims paying ability of Nationwide Life Insurance Company.
That's why we created INCOME Promise Select®, a fixed immediate annuity. In exchange for a single lump-sum payment, Nationwide Financial pays a guaranteed income that starts almost immediately (within the first year). The guarantee income can be a solid complement to your client's retirement income portfolio.
Watch this video to learn more.
Because of its features, INCOME Promise Select gives them the power to create a guaranteed income stream that is simple to customize. Clients can:
- Choose how long they want to receive payments, as well as the number of lives the payments will cover.
- Choose when they will start receiving income payments (within the first year).
- Choose to add an annual cost-of-living adjustment to help protect future income against inflation.
- Have access to their money in the event of a financial emergency, as long as the purchase payment doesn’t exceed $1,000,000.4
- Choose who will receive any remaining guaranteed payments in the event of their death (subject to the payment option they select).
You should know that all guarantees and protections are subject to the issuing insurance company’s ability to pay for them.