Nationwide Quatro Select Annuity is a single purchase payment, deferred fixed annuity. This annuity guarantees your interest rate for one, three, five or seven years. After the guaranteed term ends, your interest rate is declared annually.

Nationwide Quatro Select annuity details

Like all fixed annuities, Nationwide Quatro Select gives you:

  • Protection against market losses
  • Guaranteed growth
  • A stream of income you can't outlive

Your interest rate comes with guarantees

You’ll receive an initial rate guarantee for the specific time periods elected on your application. After that, you’ll receive renewal rates guaranteed for a one-year time period.

1-, 3-, 5- and 7-year guaranteed interest rate terms

Purchase payments can be split among terms, but term allocations can't be changed after the contract is issued. An annual renewal rate is declared each term.

1-yearYear 1: base rate (+ bonus)Years 2-8: renewal rate
3-yearYear 1: base rate (+ bonus)Years 2-3: base rateYears 4-8: renewal rate
5-yearYear 1: base rate (+ bonus)Years 2-5: base rateYears 2-5: renewal rate
7-yearYear 1: base rate (+ bonus)Years 2-7: base rateYears 8: renewal rate

Premium bonus

During the initial interest rate guarantee period, your rate may include an additional bonus rate as a premium bonus. 

Additional interest rates1

Additional interest rates are offered for purchase payments over $100,000, $250,000 and $1,000,000.

Tax deferral helps your contract value grow

Your annuity value may grow tax deferred. This has the potential to increase your contract value. Here’s how it works:

  • Your account value earns interest
  • Your interest earns interest
  • You earn interest on the money you would’ve otherwise paid in taxes

If the interest earned in an annuity wasn’t tax deferred, you’d have to pay taxes on it. But since it’s tax deferred, that money stays in the annuity—deferring taxes while you accumulate more assets.

Over time, tax-deferred growth can build a larger account value than that of a similar taxable account achieving the same rate of interest. Tax laws are complex and subject to change. Some entities may not have tax deferral status. Please consult your tax advisor before making any decisions.

Access to your money if you need it

Fixed annuities are designed for long-term planning purposes. However, unexpected emergencies do happen. In the event you need to withdraw some of your money, you can.

It’s important to keep in mind that some withdrawals or distributions may be subject to CDSC as well as ordinary income tax at any age during the specified term of the contract. If withdrawals are made prior to age 59½, a 10% early withdrawal federal tax penalty may apply.

Income options are up to you

You can receive income payments throughout your lifetime, or for a specific period of time, from your fixed annuity through annuitization. When you annuitize, you can choose to receive payments monthly, quarterly, semiannually or annually. Or, you can choose to take a lump-sum payment, minus any taxes and charges that apply. It’s your choice.

Transfer your assets without probate

The probate process can be lengthy and costly. With a fixed annuity, however, as the contract owner and annuitant, you can be assured that the money will be paid directly to the beneficiary you name. It will not be involved in any probate proceeding. If the owner and annuitant aren’t the same, assets may be distributed differently and CDSC may apply.

Return of Purchase Payment Rider

Guarantees return of principal (minus previous withdrawals and applicable state premium taxes), when your entire contract value is surrendered during the contingent deferred sales charges (CDSC) period. The CDSC will be deducted from the interest earned, not principal.

This rider results in a deduction that applies to all declared interest rates and index caps.

Nationwide Quatro Select resources

Make the most out of your fixed annuity.

Key facts | Your 5-minute guide | Fees & charges

Nationwide Quatro Select FAQs

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Nationwide Quatro Select Annuity is a modified, single-purchase payment, deferred, fixed annuity.
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[1] The contract is reviewed each contract anniversary. If the value is equal to or greater than $100K, $250K, or $1M amount, you will receive the corresponding jumbo rate. The contract's first year's rate will be determined by the initial deposit. Additional deposits are only allowed during the first contract year. Even if these deposits raise the contract's value above the next benchmark level of $100K, $250K or $1M, they will not change the first year's interest rate. The contract will be re-evaluated on the contract's anniversary to see if the contract qualifies to either start receiving a bonus rate or receive a higher bonus interest rate.

Guarantees are subject to the claims-paying ability of the issuing company.

Nationwide Quatro Select Annuity is a service mark of Nationwide Mutual Insurance Company.

Contract/Certificate: ICC12-FACC-0102AOPP, FACC-0102NYPP, ICC12-FARR-0102AO, FARR-0102AO

Oklahoma Contract/Certificate: ICC12-FACC-0102AOPP