Nationwide Trio Select+SM annuity offers flexibility for consumers
FOR IMMEDIATE RELEASE
July 2, 2007
Contacts:
Jeff Whetzel (614) 249-6354
whetzej@nationwide.com
Jeff Botti (614) 249-6339
bottij@nationwide.com
COLUMBUS, Ohio– To help consumers who are looking for ways to protect and accumulate their retirement assets, Nationwide Financial Services, Inc. (NYSE: NFS), has introduced the Nationwide Trio Select+ Fixed Annuity.
Trio Select+, which will enhance Nationwide’s already robust suite of fixed products, is a flexible fixed annuity that allows owners to make multiple deposits, provides a competitive minimum guaranteed renewal rate and allows consumers to select from guaranteed interest rate periods of one, three or five years.
Consumers have the ability to purchase Trio Select+ with a lower initial premium requirement than many other fixed annuities available in the market. For those consumers who make larger purchases or additional contributions to their account, Trio Select + will reward them by increasing the earned interest rate as the contract value increases through additional payments or accumulated interest. Withdrawals may cause the interest rate to decrease.
“Many consumers value the long-term income stability fixed annuities provide but feel restricted from a payment and guaranteed interest standpoint,” according to John Kawauchi, vice president of business development for Individual Investments at Nationwide Financial. “We designed Trio Select+ with flexibility in mind. We wanted to create an annuity that helped the consumer accumulate their assets over time. The benefit of the additional interest rate is that as their contract accumulates, their interest rate increases.”
Trio Select + is an individual, flexible purchase payment, deferred, fixed interest annuity and is issued by Nationwide Life Insurance Company, a member of Nationwide Financial. All guarantees and protections of this annuity are subject to the claims-paying ability of the issuer.
About Nationwide Financial®
Nationwide Financial Services, Inc. (NYSE: NFS), a publicly traded
company based in Columbus, Ohio, provides a variety of financial services
that help consumers accumulate and protect their long-term assets, and
offers retirement plans and services through both public- and
private-sector employers.
It’s part of the Nationwide group of companies, which offers diversified insurance and financial services. The group is led by Nationwide Mutual Insurance Company, which is ranked No. 104 on the Fortune 500 based on 2006 revenue1. For more information, visit www.nationwide.com.
Nationwide, Nationwide Financial, the Nationwide Framemark and On Your Side are federally registered service marks of Nationwide Mutual Insurance Company.
Before investing, clients need to understand that annuity products
are not insured by the FDIC, NCUSIF or any other federal government
agency; are not deposits or obligations of, guaranteed by or insured by
the depository institution where offered or any of its affiliates.
© 2007, Nationwide Financial Services, Inc. All rights reserved.
1 Fortune Magazine, 2007
