With the Index Account, your earnings are credited annually based on the performance of the underlying index or indices.* Your earnings, if any, are credited at the end of the index term.
With Nationwide Summit®, you have the option of choosing from the J.P. Morgan Mozaic IISM Index (USD), the S&P 500®, or a combination of both. This gives you the opportunity to further diversify your contract and your portfolio.
|J.P. Morgan Mozaic IISM Index (USD)
The J.P. Morgan Mozaic IISM Index’s asset selection is based on the tendency for asset classes exhibiting positive recent returns to be more likely to continue to deliver performance. Each month the index evaluates 15 global asset classes and selects nine that with the greatest returns in the past six months. It then strategically allocates to each in order to smooth volatility within the index and create more consistent returns.1
Widely recognized as the leading indicator of the performance of the American economy and one of the most commonly followed equity indexes, the S&P 500 has nearly 60 years of history and consists of 500 large cap, publicly traded companies.
Watch this short video to see how the J.P. Morgan Mozaic IISM Index may help provide steady growth in a variety of markets.
* Without capital gains and dividends.
1 The strategy may not be successful, and the index may be subject to increased volatility due to its use of leverage.
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 Summit 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 J.P. Morgan Mozaic IISM Index (USD) (“Index”) has been licensed to Nationwide Life and Annuity Insurance Company (the “Licensee”) for the Licensee’s benefit. Neither the Licensee nor Nationwide Summit® Fixed Indexed Annuity (the “Product”) is sponsored, operated, endorsed, recommended, sold or promoted by J.P. Morgan Securities LLC (“JPMS”) or any of its affiliates (together and individually, “JPMorgan”). JPMorgan makes no representation and gives no warranty, express or implied, to contract owners taking exposure to the Product. Such persons should seek appropriate professional advice before making any investment. The Index has been designed and is compiled, calculated, maintained and sponsored by JPMS without regard to the Licensee, the Product or any contract owner. JPMorgan is under no obligation to continue compiling, calculating, maintaining or sponsoring the Index. JPMorgan may independently issue or sponsor other indices or products that are similar to and may compete with the Index and the Product. JPMorgan may also transact in assets referenced in the Index (or in financial instruments such as derivatives that reference those assets). These activities could have a positive or negative effect on the value of the Index and the Product.