How Nationwide Trio Select can generate income
You have many options to create income based upon your contract value, including:
- Life annuity: regular payments will be made during your entire life
- Life annuity with period certain: regular payments will be made for the longer your entire life or a guaranteed period of 10 or 20 years (duration selected by the contract owner); if the annuitant dies during the guaranteed period, the beneficiary will receive the remaining guaranteed payments
- Joint and survivor annuity: regular payments will be made during your life, plus your surviving spouse’s life
How your death benefit is calculated
The death benefit will be the current contract value at the time of the annuitant’s death. The value is determined by adding all interest earned to your purchase payment, minus any previous withdrawals.
How Nationwide Trio Select+ helps your beneficiary
Annuities let you name a beneficiary. If a joint owner or contingent owner is not named on the contract, this feature allows your annuity assets to be paid directly to your beneficiary and may avoid the probate process. It’s important to know that assets transferable at death may be subject to taxes and possible CDSC.