People are retiring earlier and living longer. So there’s a real risk of outliving your assets. And a real need for lifetime income that may increase with, or even beat, inflation.

If you're at or near retirement and need guaranteed lifetime income, then adding the Nationwide Lifetime Income Rider (Nationwide to your variable annuity may be right for you.

While investing in variable annuities involves market risk, including the possible loss of principal, Nationwide offers lifetime income that will never decrease -- even if the contract value drops to zero1. Just remember that the protections and guarantees discussed here are subject to the claims-paying ability of the issuing insurance company.

Nationwide key features

A 7% simple interest roll-up on your original income benefit base for the first 10 years or until your first lifetime withdrawal. Whichever comes first.

An annual step-up feature that locks in the highest contract value on the rider anniversary if your investment options outperform the 7% simple interest roll-up rate.

A joint option for continuing income for either surviving spouse. Available for an additional cost.

A non-lifetime withdrawal feature. (This option can only be exercised once, is not available in the first rider year and is only available before the first lifetime withdrawal.)

The ability to choose your own investments.2

Excess or non-lifetime withdrawals may reduce or wipe out your income benefit base. Certain restrictions and limitations may apply. Only certain investment options are available.

See if Nationwide is right for you

Learn how Nationwide can provide guaranteed increases and lifetime income.

Available products

Nationwide Destination℠ Architect 2.0

Offers growth potential and guaranteed lifetime income, without the high fees.

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[1] All guarantees are subject to rider terms and conditions. If clients take early, excess, or nonlifetime withdrawals, especially in a down market, loss of income is a possibility. Growth is to the income benefit base and not a cash value that can be withdrawn. Fees are assessed annually on the income benefit base. Maximum cost is 1.50% for Nationwide and 0.40% for Nationwide with the Joint Option.

[2] Only certain investment options are available to contract with

When evaluating the purchase of a variable annuity, you should be aware that variable annuities are long-term investment vehicles designed for retirement purposes and will fluctuate in value; and annuities have limitations.

A variable annuity is a contract you buy from an insurance company. It's designed to help accumulate assets to provide income for retirement. It will fluctuate in value based on the performance of the underlying investment options. You should also know that all guarantees and protections of a variable annuity are subject to the claims-paying ability of the issuing insurance company. They don't apply to the investment performance or safety of the underlying investment options. Underlying subaccounts are only available as investment options in variable insurance contracts issued by life insurance companies. They are not offered directly to the general public.

Variable annuities are sold by prospectus. The product prospectus and underlying fund prospectuses can be obtained by writing to Nationwide Life Insurance Company, P.O. Box 182021, Columbus, Ohio 43218-2021 or by visiting Carefully consider the fund’s investment objectives, risks, charges and expenses. Prospectuses contain this and other important information — you should read them carefully before investing.

You may be charged a penalty if you take your money out early, if you're not yet 59½ (additional 10% tax penalty), or both. Variable annuities have fees and charges that include mortality and expense, administrative fees, contract fees, and the expense of the underlying investment options.