Benefits of immediate annuities
Steady income that starts immediately
With a single-premium immediate annuity, you can turn a lump sum from an inheritance, sale of a business or other assets into a stream of income.
Income you can’t outlive
If you purchase an immediate annuity with single or joint life options, you’ll have guaranteed income for life no matter how long you live.
Access to your money
If you purchase a Nationwide® immediate annuity and elect a term-certain or Life with Cash Refund option, you’ll have access to your money through a Liquidity feature.
Hedge against inflation
A cost-of-living adjustment (COLA) can be elected at contract issuance that will automatically increase your annual payment by 1%, 2%, 3%, 4% or 5%. Please note that based on the tax status of the contract and age of the contract owner, not all COLA percentages may be available at all times. Check with Nationwide for availability.