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The Nationwide Defined Protection® Annuity 2.0 is a single-purchase-payment deferred annuity with growth opportunities based on the performance of an underlying index or indexes and some protection from downside market risk at a defined level you select. The minimum initial purchase amount is $25,000.

Nationwide Defined Protection® Annuity 2.0 does not directly participate in any stock, equity investments or index. It is not possible to invest directly in an index.

Withdrawals will reduce the contract value and death benefit. Some withdrawals may be subject to additional charges and adjustments. Withdrawals before age 59 1/2 may be subject a 10% early withdrawal federal tax penalty in addition to ordinary income taxes. Please keep in mind all guarantees and protections are subject to the claims-paying ability of Nationwide Life Insurance Company.

Key features

Protection from market risk

With three levels of protection, 100%, 95% or 90%, the Nationwide Defined Protection® Annuity 2.0 lets you select how much of your investment you want to protect from market losses during each Strategy Term.1, 3

Growth potential

The Nationwide Defined Protection® Annuity 2.0 was designed to capture market growth opportunities based on the performance of underlying indexes and the associated Participation Rate.4

Please note: The upside earnings potential is limited to the Participation Rate applied to the Index performance for the Index Strategy chosen. Earnings may be limited if a Strategy Spread applies.

Customize your Strategy

You can select the balance between protection and performance that helps meet your goals and risk tolerances by allocating your assets to a maximum of 10 Strategies. An Index Strategy is composed of the following Crediting Factors: Index, Participation Rate, Protection Level, Strategy Spread2, and Strategy Term Length. Not all Strategies may be available at all times or in all states.

Performance Lock feature

Once per Strategy Term, on any business day before the term ends, you may lock in the current Index Strategy Value.5,6

Once activated, the Index Strategy Value will move to the Fixed Strategy, where it will earn a fixed interest rate.

On your next Contract Anniversary, you can elect to remain in the Fixed Strategy for another year or move your assets into any available Index Strategy.

Death Benefit Features

Contract Value Death Benefit:
If either the Annuitant or Co-Annuitant (if applicable) are age 76 or older on the application sign date, the Death Benefit is equal to the Contract Value.

Return of Premium Death Benefit:
If the Annuitant and Co-Annuitant (if applicable) are both age 75 or younger on the date the application is signed, the Death Benefit is the ROP Death Benefit. The ROP Death Benefit is equal to the greater of the Contract Value, or the purchase payment amount adjusted proportionately for any withdrawals.

Spousal Protection Feature:
This feature protects both spouses, even on qualified contracts. After the first spouse’s death, the surviving spouse may continue the contract and name new beneficiaries. From that point on, any withdrawals will be treated as Free Withdrawals. If the contract contains the ROP Death Benefit, upon the first spouse’s death, the Contract Value will be set equal to the purchase payment amount (adjusted for withdrawals), if greater. Upon the surviving spouse’s death, the Death Benefit (including the ROP if applicable) will be paid to the beneficiaries.

Tax deferral

Your annuity value may grow tax-deferred.

Nationwide Defined Protection® Annuity 2.0 product guide

What are my index options?

Nationwide Defined Protection® Annuity 2.0 offers growth potential based on the performance of underlying indexes. You have the option of choosing from the BlackRock Select Factor Index, J.P. Morgan Mozaic II℠ Index, MSCI EAFE Index, NYSE® Zebra Edge® Index, SG Macro Compass Index, S&P 500® Average Daily Risk Control 10% USD Price Return Index and S&P 500® Index. This gives you the opportunity to further diversify your contract and your portfolio.

BlackRock Select Factor Index

This index seeks to deliver diversified multi-asset exposure by dynamically targeting five equity style factors each backed by strong academic evidence. The index dynamically adjusts factor holdings to emphasize the most attractive opportunities and targets a consistent level of volatility with a focus on stability during market extremes.

Read the BlackRock Select Factor Index Guide

J.P. Morgan Mozaic IISM Index

The index draws on a global mix of asset classes, including equities, fixed-income securities and commodities, and seeks consistent performance by selecting those asset classes with positive momentum.

Read the J.P. Morgan Mozaic II℠ Index Guide

MSCI EAFE Index

An international stock market index of large companies across developed countries in Europe, Australasia and the Far East, excluding the U.S. and Canada. MSCI EAFE is the oldest international stock market index and includes a selection of 21 developed markets.

Read the MSCI EAFE Index Guide

NYSE® Zebra Edge® Index

Designed by Roger Ibbotson and his team at Zebra Capital, the index leverages less popular stocks to provide the potential for consistent long-term returns.

Read the NYSE® Zebra Edge® Index Guide

SG Macro Compass Index

A global, multi-asset index that seeks to identify expected changes in economic growth and inflation to forecast the market environment and make strategic allocations based on the forecast.

Read the SG Macro Compass Index Guide

S&P 500® Average Daily Risk Control 10% USD Price Return Index

The index seeks to limit the volatility of the S&P 500® to a target level of 10% by allocating to cash. This helps to reduce exposure to dramatic fluctuations that can occur during unstable market conditions.

Read the S&P 500® Average Daily Risk Control 10% USD Price Return Index Guide

S&P 500® Index

An American stock market index based on market capitalizations for 500 large companies listed on the New York Stock Exchange (NYSE) or NASDAQ. The S&P 500 is widely considered to be the leading indicator of the U.S. Stock market and economy as a whole.

Read the S&P 500® Index Guide

Nationwide Defined Protection® Annuity 2.0 FAQs

Expand all
Age 85 for the annuitant; the owner may be any age.
$25,000 qualified or nonqualified; single purchase payment.
  • Nonqualified
  • Traditional IRA
  • Roth IRA
  • SEP IRA
  • Simple IRA
  • Charitable remainder trust
  • 401(a) (investment only)
  • 401(k) (investment only)
A 6-year CDSC is applied to contract value: 8%, 8%, 7%, 6%, 5%, 4%, 0%. A CDSC is a charge that may be applied to any nonpreferred withdrawal during the CDSC period.
Contract Value Death Benefit: If either the Annuitant or Co-Annuitant (if applicable) are age 76 or older on the application sign date, the Death Benefit is equal to the Contract Value.

Return of Premium Death Benefit: If the Annuitant and Co-Annuitant (if applicable) are both age 75 or younger on the application sign date, the Death Benefit is the Return of Premium (ROP) Death Benefit. The ROP Death Benefit is equal to the greater of the Contract Value, or the purchase payment amount adjusted proportionately for any withdrawals.
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Call 1-877-245-0761 (sales); 1-800-848-6331 (service)

Nationwide Defined Protection Annuity 2.0 is not effective in the following states: MO, NY, OR, VA, VI as of 9/13/24.

[1] Strategy Term is the 1- or 3-year period for which index performance is tracked and used and used to calculate earnings at the end of each Strategy Term. You may reallocate to a different Strategy or Strategies at the end of each Strategy Term. Not all Strategies may be available at all times or in all states.
[2] Strategy Spread is an annualized percentage used as a deduction in the calculation of Strategy Earnings, subject to the downside protection provided by the Protection Level.
[3] The Protection Level represents the amount of downside protection (100%, 95% or 90%) during the Strategy Term for each Strategy, assuming no Free Withdrawals are taken. Protection Levels are guaranteed at contract issue for the first Strategy Term and are subject to change in each following Strategy Term. Also note that losses over the term of the contract may be greater than the Protection Level selected for each individual Strategy Term.
[4] Participation Rate is the proportion of index performance that is reflected in the Strategy Earnings calculation.
[5] Performance Lock is only available if the strategy performance is above the floor resulting from the selected Protection Level.
[6] Nationwide will lock in the closing value at the close of business on the New York Stock Exchange on the date the Performance Lock request is received by Nationwide.

This material is not a recommendation to buy or sell a financial product or to adopt an investment strategy. Investors should discuss their specific situation with their financial professional.

This Strategy Guide must be preceded or accompanied by the prospectus. This product is sold by prospectus. Carefully consider the investment objectives, risks, charges and expenses. The product prospectus contains this and other important information. Investors should read them carefully before investing. To request a copy, go to nationwide.com/prospectus or call 1-800-848-6331.

Index-linked annuity contracts are complicated investments. Prospective purchasers should consult with a financial professional about the Contract’s features, benefits, risks, and fees and whether the contract is appropriate based upon his or her financial situation and objectives.

Annuities have limitations. They are long-term vehicles designed for retirement purposes. They are not intended to replace emergency funds, to be used as income for day-to-day expenses or to fund short-term savings goals. Withdrawals are subject to income tax, and withdrawals before age 591/2 may be subject to a 10% early withdrawal federal tax penalty. Applicable CDSC, MVA, income taxes and tax penalties may apply to amounts withdrawn or otherwise deducted from the Contract and may reduce your Contract Value to less than the floor provided by the Protection Level. Please read the contract for complete details.

Nationwide Defined Protection® Annuity 2.0 is an individual single purchase payment deferred annuity with index-linked strategies issued by Nationwide Life Insurance Company, Columbus, Ohio. The general distributor is Nationwide Investment Services Corporation, Member FINRA. Please note that the Defined Protection Annuity 2.0 does not directly invest in an index. The product includes index strategies which follow market performance; however, they are not actual investments in the stock market.

Some of the Indexes include income from any dividends paid by component companies. The exclusion of dividends from an Index may lower the Index Performance, particularly over the course of time.

BlackRock Select Factor Index, J.P. Morgan Mozaic IISM Index, NYSE® Zebra Edge® Index, and SG Macro Compass Index are excess return indexes. Indexes calculated on an excess return basis include calculation elements that reduce index performance. Because of this, an excess return version of an index will have lower performance than a total return version of the same index would, especially in high interest rate environments. Some excess return indexes also deduct certain notional charges in calculating index performance. Any such deductions will reduce the potential positive change in index performance and increase the potential negative change in the index performance.

An Index Strategy that uses a reference index that takes measures to control volatility (in an attempt to limit the index’s highs and lows) generally offers greater participation rates than are offered with other Index Strategies. There is no guarantee that selecting an Index Strategy with a volatility control reference index will result in greater earnings credited to your contract than an Index Strategy that does not use a volatility control reference index, or that any earnings will be credited for a particular Index Strategy Term.

Guarantees and protections referenced within are subject to the claims-paying ability of Nationwide Life Insurance Company.

The BlackRock Select Factor Index(“Index”) is a product of BlackRock Index Services, LLC and has been licensed for use by Nationwide Life Insurance Company and Nationwide Life and Annuity Insurance Company (“Licensee”). BlackRock®, BlackRock Select Factor Index and the corresponding logos are registered and unregistered trademarks of BlackRock. This Product is not sponsored, endorsed, sold or promoted by BlackRock Index Services, LLC, BlackRock, Inc., or any of its affiliates, or any of their respective third party licensors (including the Index calculation agent, as applicable) (collectively, “BlackRock”). BlackRock has no obligation or liability in connection with the administration or marketing of this Product. BlackRock makes no representation or warranty, express or implied, to the owners of this Product or any member of the public regarding the advisability of investing in this Product or the ability of the Index to track general market performance. BlackRock does not guarantee the adequacy, accuracy, timeliness, and/or completeness of the Index or any data or communication related thereto nor does it have any liability for any errors, omissions or interruptions of the Index.

The J.P. Morgan Mozaic II℠ Index (“Index”) has been licensed to Nationwide Life Insurance Company (the “Licensee”) for the Licensee’s benefit. Neither the Licensee nor Nationwide Defined Protection Annuity 2.0 (the “Product”) is sponsored, operated, endorsed, recommended, sold or promoted by J.P. Morgan Securities LLC (“JPMS”) or any of its affiliates (together and individually, “JPMorgan”). JPMorgan makes no representation and gives no warranty, express or implied, to contract owners taking exposure to the Product. Such persons should seek appropriate professional advice before making any investment. The Index has been designed and is compiled, calculated, maintained and sponsored by JPMS without regard to the Licensee, the Product or any contract owner. JPMorgan is under no obligation to continue compiling, calculating, maintaining or sponsoring the Index. JPMorgan may independently issue or sponsor other indices or products that are similar to and may compete with the Index and the Product. JPMorgan may also transact in assets referenced in the Index (or in financial instruments such as derivatives that reference those assets). These activities could have a positive or negative effect on the value of the Index and the Product.

The NYSE® Zebra Edge® Index has been licensed by ICE Data Indices, LLC (together with its subsidiaries and affiliates, “ICE Data Indices”) to UBS AG and sub-licensed by UBS AG (together with its subsidiaries and affiliates, “UBS”) to Nationwide Life Insurance Company (“Nationwide”). Neither Nationwide nor any Nationwide Defined Protection Annuity 2.0 (the “Product”) is sponsored, operated, endorsed, recommended, sold or promoted by Zebra Capital Management, LLC (together with its subsidiaries and affiliates, “Zebra”), ICE Data Indices or UBS and in no event shall Zebra, ICE Data Indices or UBS have any liability with respect to the Product or the Index. Zebra, ICE Data Indices and UBS make no representations, give no express or implied warranties and have no obligations with regard to the Index, the Product or otherwise to any investor in the Product, client or other third party.

The mark NYSE® is a registered trademark of NYSE Group, Inc., Intercontinental Exchange, Inc. (“ICE”) or their affiliates and is being utilized by ICE Data Indices, LLC under license and agreement. The marks Zebra® and Zebra Edge® are registered trademarks of Zebra Capital Management, LLC, may not be used without prior authorization from Zebra Capital Management, LLC, and are being utilized by ICE Data Indices, LLC under license and agreement.

The SG Macro Compass Index (the “SG Index”) is the exclusive property of SG Americas Securities, LLC (together with its affiliates, “SG”). SG has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P”) to maintain and calculate the SG Index. “SG Americas Securities, LLC”, “SGAS”, “Société Générale”, “SG”, “Société Générale Indices”, “SGI”, and “SG Macro Compass Index” (collectively, the “SG Marks”) are trademarks or service marks of SG. The SG Index has been licensed to Nationwide Life Insurance Company (the “Licensee”) for use in the Nationwide Defined Protection® Annuity 2.0 (the “Product”). SG’s sole contractual relationship with the Licensee is as licensor of the SG Index and the SG Marks. SG has no obligation to make payments under the Product. None of SG, S&P or other third-party licensor (collectively, the “SG Index Parties”) to SG is acting, or has been authorized to act, as agent of the Licensee or has sponsored, promoted, solicited, negotiated, endorsed, offered, sold, issued, supported, structured or priced any Product or provided investment advice to the Licensee. The SG Index Parties make no representation or warranty, express or implied, to investors in the Product and hereby disclaim all warranties (including, without limitation, those of merchantability or fitness for a particular purpose or use): (a) regarding the advisability of investing in any products linked to the SG Index or (b) the suitability or appropriateness of an exposure to the SG Index in seeking to achieve any particular objective, including meeting its stated target volatility. No SG Index Party shall have any responsibility or liability for any losses in connection with the Product, including with respect to design, issuance, administration, actions of the Licensee, marketing, trading or performance of the Product. SG has not prepared any part of this document and no statements made herein can be attributed to SG.

SG does not act as an investment adviser or provide investment advice in respect of the SG Index or the Product and does not accept any fiduciary or other duties in relation to the SG Index, the Licensee, the Product or any investors in the Product. SG shall have no liability for any act or failure to act in connection with the determination, adjustment or maintenance of the SG Index.

Without limiting the foregoing, SG shall have no liability for any damages or lost profits, even if notified of the possibility of such damages. In calculating the daily performance of the SG Index, SG deducts fixed transaction and replication costs that cover, among other things, rebalancing and replicating the SG Index. The total amount of these embedded costs is unpredictable and depends on numerous factors, including leverage of the SG Index, which may be as high as 200%, performance of indexes underlying the SG Index, market conditions and changes in the macro regimes, among other factors. The embedded costs, which are increased by the SG Index’s leverage, will reduce the performance of the SG Index. The volatility control applied by the SG Index may also reduce the overall return.

The product referred to herein is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such product or any index on which such product is based. The Contract contains a more detailed description of the limited relationship MSCI has with Nationwide and any related funds.

The “S&P 500” is a product of S&P Dow Jones Indices LLC (“SPDJI”) and has been licensed for use by Nationwide Life Insurance Company (“Nationwide”). Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); DJIA®, The Dow®, Dow Jones® and Dow Jones Industrial Average are trademarks of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Nationwide. Nationwide Defined Protection Annuity 2.0 is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500.

S&P 500 Average Daily Risk Control 10% USD Price Return Index (“S&P 500 Average Daily Risk Control USD Price Return Index”) is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by Nationwide. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Nationwide. The Product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Average Daily Risk Control 10% USD Price Return Index.

Nationwide, the Nationwide N and Eagle, Nationwide is on your side and Nationwide Defined Protection are service marks of Nationwide Mutual Insurance Company. © 2024 Nationwide

Contract number: VACC-0120AO