A single-premium immediate annuity that provides guaranteed retirement income your clients can depend on throughout their retirement
The closer to retirement individuals are, the more their perspectives change.
Adding guaranteed lifetime income to your client’s income plan creates a reliable income source that helps manage risks such as:
[1] “Protected Retirement Income and Planning (PRIP) Study,“ Alliance for Lifetime Income (2023).
[2] The analysis was completed using Morningstar's Annuity Intelligence Data.
[3] The fee comparison was done using Nationwide's Variable Annuity Fee Comparison Tool; annuity fees are provided by Morningstar.
Annuities have limitations. They are long-term vehicles designed for retirement purposes. They are not intended to replace emergency funds, to be used as income for day-to-day expenses, or to fund short-term savings goals. Investing involves risk.
Fixed income annuities may be appropriate for individuals who want guaranteed interest rates and the potential for lifetime income. Guarantees are subject to the claims-paying ability of the issuing insurance company. If you take withdrawals before you’re age 59½, you may have to pay a 10% early withdrawal federal tax penalty in addition to ordinary income taxes. During the liquidity period, withdrawals may reduce the income benefit payments or the refund death benefit.
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