Nationwide PeakSM
Fixed Indexed Annuity
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An investment with a guarantee

Nationwide Peak is a single-purchase-payment deferred fixed indexed annuity with features that help protect your money as you accumulate retirement savings.

What is a fixed indexed annuity?

A fixed indexed annuity offers returns based on the changes in an underlying index, such as the S&P 500® Composite Stock Price Index. Indexed annuity contracts also offer a specified minimum which the contract value will not fall below, regardless of index performance. It is not a stock market investment and does not directly participate in any stock or equity investment. It may be appropriate for individuals who want guaranteed interest rates and the potential for lifetime income.

Nationwide Peak offers two different accounts: Fixed Account and Index Account.

Fixed Account
Index Account

With the Fixed Account, the annual interest rate is credited daily.

With the Index Account, your earnings are credited annually based on the performance of the underlying index or indices, up to a maximum amount referred to as a cap.*

Available indices:

  • S&P 500
  • MSCI EAFE Index

The Nationwide Peak fixed indexed annuity product guide offers you more details about how Nationwide Peak works. Below you will see some common questions you may have regarding Nationwide Peak, along with answers to help you make educated decisions about your long-term goals.

What will it cost me?

There are no annual contract or administration fees.

What is the maximum issue age?

For the annuitant, 90 for single life and 85 for joint life. The owner may be any age.

What is the minimum initial purchase amount?

$25,000, qualified or nonqualified; single purchase payment.

What types of contracts are available?

Several are part of Nationwide Peak:

What is the Contingent Deferred Sales Charge** (CDSC) schedule?

A 7-year CDSC applied to contract value: 9%, 8%, 7%, 6%, 5%, 4%, 3%, 0%.

What happens if the annuitant dies while the contract is still in effect?

If you are the sole owner and annuitant, when you pass away a death benefit will be paid to the beneficiaries named in your contract. The death benefit will be equal to the account value.

A Joint Option is also available if the contract owner names a spouse as a co-annuitant. This feature allows a death benefit to be paid to either surviving spouse, no matter who passes away first or who owns the contract. The surviving spouse also has the option to continue the annuity contract at the death benefit value.

Any remaining CDSC or MVA would no longer apply to the contract. The death benefit will be equal to the contract value.

Take the next step

For more information, additional materials and to add Nationwide Peak to your investment strategy, talk with your financial professional.

* Without capital gains and dividends.
** Contingent deferred sales charges: A fee you may be charged if you take money from your contract before a specified time. In CA, a CDSC is called a “surrender charge.”

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. A fixed indexed annuity is not a stock market investment and does not directly participate in any stock or equity investment. It 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. Withdrawals may trigger early surrender charges, reduce your death benefit and contract value.

The “S&P 500” is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Nationwide Life and Annuity Insurance Company (“Nationwide”). Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); DJIA®, The Dow®, Dow Jones® and Dow Jones Industrial Average are trademarks of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Nationwide. Nationwide Peak fixed indexed annuity is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500.

The product referred to herein is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such product or any index on which such product is based. The contract contains a more detailed description of the limited relationship MSCI has with Nationwide and any related funds.

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