If you like the safety offered by traditional fixed rate products but know you’ll need additional growth to meet your future planning needs, then Nationwide Secure Growth may be right for you. It’s an individual, single-purchase payment, deferred fixed annuity designed for long-term savings.

Key features of Nationwide Secure Growth

A guaranteed rate of return

With the safety of a fixed interest rate, you don’t have to worry about losing any of your initial investment or credited earnings.

Tax deferral

Your annuity value may grow tax deferred.

An efficient way to pass on a legacy

If you never annuitize your contract, it’s paid directly to your beneficiaries without going through the probate process.

Income protection

You can receive income payments throughout your lifetime, or for a specific period of time.

Access to your funds

Access up to 10% of your contract value without paying a contingent deferred sales charge (CDSC).

What is a fixed annuity?

A fixed annuity lets you lock in a rate of earning that, even over long periods of time, remains unaffected by the ups and downs of the market. The principal investment and a specified interest rate are both guaranteed.

A guaranteed rate of return

Fixed annuities can help you accumulate funds for retirement without exposing your hard-earned money to market risk. Lock in your interest rate for one, three, five or seven years.

Nationwide Secure Growth has a 7-year CDSC period and an optional 5-year CDSC period. The 7-year guarantee period is not available with the 5-year CDSC.

Term length 5-year CDSC 7-year CDSC
1 Yes Yes
3 Yes Yes
5 Yes Yes
7 Not available Yes

Both your principal and interest rates are guaranteed as long as you don’t take withdrawals before the end of the selected period. If you withdraw your assets, your principal may be reduced by a market value adjustment (MVA) and fees known as contingent deferred sales charges (CDSC).

Your annuity value may grow tax deferred

Tax deferral has the potential to increase your contract value. Here’s how it works:

  • Your contract 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 because it is tax deferred, that money stays in the annuity — deferring taxes while you accumulate more assets. Over time, the potential of tax-deferred growth can build a larger account value than that of a similar taxable account achieving the same rate of interest.

An efficient way to pass on a legacy

As the contract owner and annuitant, you get to choose who receives the contract value if something were to happen to you. This money is paid directly to your beneficiary and may not go through probate, which can be a lengthy and costly process.

Keep in mind that if the owner and annuitant are not the same, assets may be distributed differently and CDSC may apply.

Income protection

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.

Access to your funds

You can access up to 10% of your contract value without paying a contingent deferred sales charge (CDSC). And when taken outside of the CDSC period, all withdrawals are penalty free.

Additional scenarios in which you would not be subject to penalties include:
  • Required minimum distributions (RMDs) from an IRA
  • Annuitization and death benefit distributions
  • In most states, being confined to a nursing home for a continuous 90-day period or being diagnosed as terminally ill

Please refer to the Nationwide Secure Growth product guide for fees and charges that may apply to other withdrawal scenarios.

Return of Purchase Payment Guarantee Option

The Return of Purchase Payment Rider guarantees return of principal, minus previous withdrawals and applicable state premium taxes, when entire contract value is surrendered during the 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.

Market value adjustment (MVA)

If your annuity has an optional MVA (may not be available in all states), the MVA calculation is applied only during the CDSC period and applies only to withdrawals greater than the free withdrawal amount.

The MVA reflects the impact of any changes in interest rates. Generally, upward movement of interest rates will cause market value adjustments to be negative, while downward rate movement will cause positive adjustments. Therefore, an MVA could increase or decrease the amount of your withdrawal.

Policy fees

You may be charged a fee called a contingent deferred sales charge (CDSC) if you take money from your contract before a specified time. In CA, a CDSC is called a “surrender charge.” For a detailed CDSC schedule, refer to the Nationwide Secure Growth product guide.

Nationwide Secure Growth resources

Make the most out of your fixed annuity.

Nationwide Secure Growth FAQs

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Nationwide Secure Growth is a single-purchase payment deferred fixed annuity.
If you’re looking to protect your money and increase its value, Nationwide Secure Growth may be right for you. It’s designed for long-term assets and offers you guaranteed interest rates. It also offers you the ability to create a stream of income for life or for a specific time period through annuitization.
When you place your money with the insurance company, you’ll need to allocate your payment into one or a possible combination of the four interest rate periods. After you’ve selected the rate period(s), you’ll receive a base interest rate for each period specified. After a rate period ends, you’ll receive yearly renewal interest rates. All interest rates provided by Nationwide are guaranteed to not be less than 0.50% (1.00% in New York).

You can be a contract owner at any age, and you can be an annuitant through age 90*.

*Not all products have a joint life feature.
Nonqualified, IRA, Roth IRA, SEP IRA, SIMPLE IRA, 401(a) and charitable remainder trust (CRT)
You’ll receive a guaranteed interest rate based on the period(s) you’ve allocated your money into. After each period expires, you’ll receive an annual renewal rate.
Yes. If the initial purchase payment is equal to or greater than $100,000, the rate may be higher.
Yes, your money is protected and guaranteed not to decrease as long as you don’t take any withdrawals during the CDSC period.
There aren’t any annual contract or administration fees. However, if you need to withdraw money from your contract during the CDSC period, a CDSC fee and a market value adjustment may apply. If withdrawals occur prior to age 59½, you may be subject to a 10% early withdrawal federal tax penalty. If elected, MVA may apply as well. 
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[1] Withdrawals at any time may be subject to ordinary income taxes. If you make a withdrawal before age 59 ½, it may be subject to a 10% early withdrawal federal tax penalty.

You may be charged a fee called a contingent deferred sales charge (CDSC) if you take money from your contract before a specified time. In CA, a CDSC is called a “surrender charge.”

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

Nationwide Secure Growth is a service mark of Nationwide Mutual Insurance Company.

Contract/Certificate: FAC-0113AOPP, ICC16-FACC-0113AOPP, FAZZ-0130AO, ICC16-FAZZ-0130AO