Nationwide Platinum V® Plus Fixed Annuity
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Nationwide Platinum V® Plus Fixed Annuity


Nationwide Platinum V Plus is an individual single-purchase payment, deferred fixed annuity.

Target market

Nationwide Platinum V Plus is for clients who want to know their money will experience guaranteed interest rate increases for a specified period of time.

Key features

  • Ability to create a stream of income for life or a specified time period through annuitization
  • Initial interest rate guarantee period is 5 years: base interest rate in year 1 increases by 0.15% in years 2  - 5 (cumulative). Second interest rate guarantee period is 5 years: base interest rate in year 6 increases by 0.15% in years 7  - 10 (cumulative).
  • 60-day window at the beginning of year 6 during which the client can keep the money in the contract for the renewal or withdraw it CDSC-free (withdrawals will be subject to ordinary income tax and distributions prior to age 59½ may be subject to a 10% early withdrawal federal tax penalty)
  • Potential tax-deferred growth

Product literature/support materials

Key Facts

Product details

  • Maximum issue age: There is no maximum issue age for contract owner; the maximum annuitant issue age is 90
  • Plan types: Nonqualified, IRA, Roth IRA
  • Minimum initial investment: $5,000 single purchase payment
  • Contingent Deferred Sales Charge (CDSC): 10 year with a 60 day CDSC-free window in year 6
  • CDSC free withdrawals:
    • 10% of contract value annually (noncumulative, minimum of $100)
    • Terminal illness and long-term care (may not be available in all states)
    • Contract annuitized after 2 years (1 year in FL)
    • IRA RMD
    • During the first 60 days of the 6th contract year
  • Other features
    • Return of purchase payment – standard. Can waive this feature which will increase interest rates by a minimum of 0.15%
    • If purchase payment greater than or equal to $100,000, receive an additional rate is credited to the base interest rate, added to future rates

Get started

For more information or to make a case, contact the Nationwide Sales Desk at 1-800-321-6064.