Withdrawals prior to age 59½ may be subject to a 10% federal tax penalty. Withdrawals of earnings at any age are subject to ordinary income tax. Withdrawals reduce the death benefit and the cash surrender values proportionately.
Neither Nationwide nor its representatives give legal or tax advice. Please contact your attorney or tax advisor if you have specific tax questions.
INCOME Promise Select, a single-premium immediate fixed annuity, is underwritten by Nationwide Life Insurance Company. INCOME Promise Select is a service mark of Nationwide Mutual Insurance Company.
Guarantees and protections are subject to Nationwide's claims-paying ability.