Fixed indexed annuities provide a source of guaranteed income that balances growth potential and protection.

What is a fixed indexed annuity?

A fixed indexed annuity is a tax-deferred, long-term savings option that provides principal protection in a down market and opportunity for growth. It gives you more growth potential than a fixed annuity, but with less risk and less potential return than a variable annuity.

Returns are based on the performance of an underlying index, such as the S&P 500® Composite Stock Price Index. While the benchmark index does follow the market, as an investor, your money is never directly exposed to the stock market.

What fixed indexed annuities offer


The money you place into your fixed indexed annuity and any earnings credited to you will not be lost due to a negative market.


Your money can grow based on the performance of an index or indices.


Some fixed indexed annuities offer optional riders such as living benefit riders for guaranteed lifetime income or enhanced death benefits to aid with legacy planning.


The value of your annuity grows tax free, meaning you won’t pay taxes on any growth until you make a withdrawal.

How a fixed indexed annuity works


Select from index offerings such as the S&P 500 and others.


Many fixed indexed annuities offer optional riders such as living benefits and enhanced death benefits.


Regardless of index performance, indexed annuity contract values will not be impacted by negative index returns.

Not sure if a fixed indexed annuity is right for you? Compare all annuity types.

Topics to discuss with your financial professional

  • Ask a professional about the different types of annuities and which one might work for you.
  • Risk tolerance: What type of investor are you?
  • Payout options: What are the different ways you can take income from an annuity?
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Guarantees and protections offered by fixed and market value adjusted annuities are subject to the claims paying ability of the issuing insurance company.

Neither Nationwide nor its representatives give legal or tax advice. Please consult your attorney or tax professional for answers to specific questions. 

Withdrawals may be subject to contingent deferred surrender charges (CDSC) and an MVA on the withdrawal itself. Early withdrawals, those taken prior to age 59½, may be subject to a 10% federal tax penalty in addition to ordinary income taxes. All withdrawals will reduce the 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 New Height 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.