Nationwide L.inc - Income for Life. Guaranteed.
Imagine feeling totally confident that when you retire, you won’t run out of money. And keep up with –– maybe even beat –– inflation. No need to simply imagine.
A variable annuity with The Nationwide® Lifetime Income Rider® could help protect you from the risks of inflation and outliving your retirement nest egg with guaranteed income for life, guaranteed growth, up to 70% –– and more.
The Nationwide Lifetime Income Rider® is an optional rider available with certain Nationwide® variable annuities at additional cost.
Food for thought
Odds
are, you’ll live longer in retirement than you may think –– 25, maybe
30 years or more. How much does inflation eat into your everyday living
expenses?
See just how big a
bite it is (FLASH).
What are variable annuities?
Annuities are long-term, tax-deferred investments designed to create a stream of income for retirement. For an additional cost, you can even add optional features or “riders.”
The Nationwide Lifetime Income Rider –– or L.inc –– is an optional rider you can add to certain Nationwide® variable annuities.
How 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.
An annuity with Nationwide’s L.inc gives you:
- Lifetime income* — when you need it
- Guaranteed growth, up to 70%** — with the potential to beat inflation
- Income continuation for your spouse — guarantee that your withdrawals continue at the same level after you’re gone, for an additional cost
- Market participation — take advantage of the upside potential of the market
* Your lifetime income amount is based on your income benefit base and age when you take your first withdrawal. If you need to take more than your withdrawal amount any year, you can, but keep in mind that will reduce your future withdrawal amounts.
** You are guaranteed that your income benefit base will increase by 7% simple interest annually for 10 years, or until you take your first withdrawal, whichever is first. If you don't take withdrawals for 10 years, this is a guaranteed 70% increase.
Learn more about L.inc’s key features and related costs (PDF).
Take Action
Work with your investment professional to make sure you’re protected against the chance of outliving your assets. A Nationwide® variable annuity with the Nationwide Lifetime Income Rider may be able to help.
Don't have an investment professional? Don’t worry. We’ll help you:
Or, simply call our Consumer Solutions Center at 1-888-LIFEPLN (543-3756).
Variable annuities are issued by Nationwide Life Insurance Company, Columbus, Ohio. The general distributor is Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation.
Variable products are sold by prospectus. Both the product prospectus and underlying fund prospectuses can be obtained from your investment professional or by writing to Nationwide Life Insurance Company, P.O. Box 182021, Columbus, OH 43218-2021. Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. The product prospectus and underlying fund prospectus contain this and other important information. Read the prospectuses carefully before investing.
Each underlying investment option within a variable annuity has its own prospectus, with details on its investment style, focus, risks and expenses. You should read them carefully before investing. These prospectuses are available from your investment professional or by writing to Nationwide Life Insurance Company, P.O. Box 182021, Columbus, Ohio 43218-2021.
What else you should know about annuities
As with most things in life, an annuity has limitations. If you take your money out early, you may face fees called surrender charges. Plus, if you’re not yet 59½, you may also have to pay an additional 10% income tax penalty on top of ordinary income taxes.
Naturally, if you do take an early withdrawal, your death benefit and the cash value of the annuity contract will be reduced.
Annuities contain guarantees and protections that are subject to the claims-paying ability of the issuer. But these don’t apply to the investment performance of the variable accounts that are subject to investment risk.
There are fees and charges associated with annuities. Depending on the type of annuity and optional features, the fees and charges may include mortality and expense, administrative fees, contract fees and the expense of your investment options.
You can get more specific information about fees from your investment professional.
