Annuities are long-term, tax-deferred investments designed to create a stream of income for retirement. An annuity can give you a stream of lifetime income in one of two ways: a process called annuitization, which doesn’t cost anything extra, or the purchase of an optional rider. The Nationwide Lifetime Income Rider® (Nationwide L.inc) is an optional rider you can add to certain Nationwide variable annuities for an additional cost.
How Nationwide L.inc can help you
People are retiring earlier and living longer. So there’s a real risk of outliving your assets – and a real need for lifetime income that can increase with, or even beat, inflation.
See if Nationwide L.inc might be right for you
Features of Nationwide L.inc
7% simple interest roll-up on your original income benefit base for the first 10 years (or until your first withdrawal)
Guaranteed lifetime income, subject to the claims-paying ability of Nationwide Life Insurance Company; excess withdrawals may reduce or terminate the income benefit base; certain restrictions and limitations may apply
An option for continuation of income for your spouse, available for an additional cost
Build a portfolio that's right for you. Chose from a range of model investment portfolios or build a custom portfolio from more than 50 underlying investment options.
Guarantees are based on the claims paying ability of the company.