September 16, 2015
Nationwide Introduces Low-Cost, Investment-Focused Variable Annuity
Destination Freedom+ offers more than 130 investment options across nearly every asset class and investment strategy
Columbus, OH - Nationwide continues its busy year of introducing several new and enhanced annuity and life insurance products with the launch of Nationwide Destination Freedom+SM (Freedom+), an investment-focused variable annuity built for clients looking for a low-cost solution with the flexibility to choose from more than 130 funds.
“Nationwide has been a leader in investment-only variable annuities since their introduction,” said Eric Henderson, senior vice president of life insurance and annuities at Nationwide. “Freedom+ builds upon that expertise to provide advisors and clients with an investment-focused solution in a low-cost structure that minimizes fee impact on portfolio performance.”
Higher annuity fees can drag down the potential performance of investments. Freedom+ offers a 1 percent base cost, helping to reduce the overall fee-drag on a portfolio’s performance.
Freedom+ provides clients with a tax-deferred investment option for their portfolio, potentially helping to create more retirement income. It also offers more 4- and 5-star Morningstar rated funds than the leading competitor1 among the more than 130 available fund investment options, allowing advisors and clients to choose their own investment strategy mix for broader diversification.
Nationwide offers clients a unique combination of features on its variable annuities. Clients can choose between the Standard Return of Contract Value Death Benefit or two optional death benefits, the Return of Premium Enhanced Death Benefit or the Highest Anniversary Enhanced Death Benefit2, to provide a financial foundation for their family’s future. The Nationwide spousal protection feature, available at no additional cost when an enhanced death benefit is elected, provides a death benefit for both spouses, regardless of who passes away first. The surviving spouse can receive the death benefit or continue the contract at the higher of the death benefit or contract value.
The Enhanced Surrender Value for Terminal Illness (ESVTI) feature is also available on Freedom+. ESVTI offers terminally ill owner-annuitants access to their full death benefit value prior to passing away3. The patent-pending feature is included in new contracts at no additional cost. Nationwide is the only provider to offer this type of feature on a variable annuity4.
Visit nationwidefinancial.com/freedom or 1-800-321-6064 for more information about Freedom+.
Nationwide, a Fortune 100 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 a full range of insurance and financial services, including auto, commercial, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com.