January 14, 2014
New Nationwide Living Benefit Suite of Riders Provides Growth, Guaranteed Retirement Income Options
Three solutions built for diverse client needs
Columbus, Ohio - Today, Nationwide Financial introduces the Nationwide Living Benefit Suite of Riders for Nationwide DestinationSM Series 2.0 variable annuities. The suite offers new options to help advisors recommend the best fit for clients based on age, risk tolerance and their potential guaranteed income needs at retirement.
“Advisors know that helping clients choose the right mix of retirement solutions is not a one-size-fits-all approach,” said Eric Henderson, senior vice president for Life Insurance and Annuities for Nationwide Financial. “Now, we’re offering three living-benefit rider options to help simplify the process and allow advisors to tailor solutions for their clients’ unique income replacement needs.”
The Nationwide Living Benefit Suite of Riders includes:
- The Nationwide Lifetime Income Rider® (Nationwide L.inc) – Nationwide’s established living benefit rider, built for investors at or near retirement who are seeking a secure, guaranteed level of income;
- Nationwide Lifetime Income CaptureSM – A new option that provides investors who may have a longer time-horizon until retirement the potential for guaranteed lifetime income with the possibility to increase their income potential;
- Nationwide Lifetime Income TrackSM – For fee-conscious investors, this new rider offers increased equity exposure and the possibility of guaranteed income in retirement at a low cost.
"Nationwide has a long and stable history of offering variable annuities with living benefits, yet we also need to prudently evolve our annuity portfolio," said Henderson. “By offering multiple living benefit riders, we not only provide more choice for advisors and their clients, we also diversify our risk profile, which supports enhanced capacity for our business and sets the stage for further growth.”
Visit www.nationwidefinancial.com/livingbenefits or call 1-800-321-6064 to learn more about the Nationwide Living Benefit Suite of Riders.
Nationwide Mutual Insurance Company, based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poor’s. The company provides customers a full range of insurance and financial services, including auto insurance, motorcycle, boat, homeowners, pet, life insurance, farm, commercial insurance, annuities, mortgages, mutual funds, pensions, long-term savings plans and specialty health services. For more information, visit www.nationwide.com.