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These days, it’s more likely than ever that you will need to rely on your own savings to cover basic expenses during retirement. We designed the Nationwide Lifetime Income Rider+SM suite (Nationwide L.inc+) to make this easier.
Add Nationwide L.inc+ to your variable annuity and it will help you convert part of your retirement savings into a protected income stream that will last for the rest of your life.1 And because of the variety of features and options it includes, you can structure your retirement income to match the way you want to live your life.
This suite of three optional riders is available on certain Nationwide variable annuities for an additional fee.
A variable annuity is a contract purchased from an insurance company and is designed for long-term investing. It can offer several ways to generate retirement income include systematic withdrawals or annuitization, both available for no additional cost, or an optional rider like Nationwide L.inc+ that has an additional fee. The contract value of a variable annuity will fluctuate based on investment option performance. Investing involves market risk, including possible loss of principal. Variable annuities have some limitations, and you may be charged penalties if you take your money out early. Withdrawals may be subject to ordinary income taxes, and if you are under age 59½, you may also pay a 10% federal tax penalty. Fees and charges can vary. All guarantees and protections are subject to the claims paying ability of Nationwide Life Insurance Company.
Three riders offering guaranteed lifetime income1
It you want the certainty of consistent income throughout retirement, Nationwide L.inc+ Core may be right for you. It offers retirement income that will never decrease for the rest of your life, even if your contract value drops to zero.1
If you want more income early in retirement and a wider range of investment options, Nationwide L.inc+ Accelerated may be right for you. It offers a higher initial income and a greater opportunity to capture market growth, but your income could decease in later years if your contract falls to zero.
If you need most of your income in the early years of retirement to meet expenses or fill an income gap, Nationwide L.inc+ Max may be right for you. It offers the highest initial income and a wide range of investment options. If your contract value falls to zero, your income will drop significantly and remain at that lower level for the rest of your life.
Valuable features available on all three riders
Protection against market loss
We guarantee a 5% simple interest roll-up on your original income benefit base for the first 10 years or until the first lifetime withdrawal, whichever comes first.
Capturing your market gains
An annual step-up feature locks in your highest contract value on the rider anniversary if your investment options outperform the 5% simple interest roll-up rate.
Access to your investment
Before starting lifetime withdrawals, you may take one non-lifetime withdrawal without stopping the roll-up or locking in the lifetime withdrawal percentage.2
Protection for your spouse
For an additional cost, you may choose our Joint Option so your surviving spouse will continue receiving the same level of income for the rest of his or her life.3
During the income phase, our Income Carryforward feature lets you roll forward one year of unused income to help adapt to your changing needs.4
More choice for your investments
Select from a wide range of asset allocation options from renowned money managers with well-designed asset allocation strategies.
Build your own portfolio from the more than 100 investment options available in the annuity if you prefer. Allocation restrictions may apply.
Review the Nationwide L.inc+ base brochure for more details on how this suite of riders can convert your investment into a guaranteed income stream for life.
Nationwide Destination℠ B 2.0
Offers tax-deferred growth and varied investment choices in retirement.
Nationwide Destination℠ All American Gold® 2.0
Offers retirement income for those planning for or living in retirement.
Nationwide Destination℠ Navigator 2.0
Offers tax-deferred growth and varied investment choices to help prepare you for retirement.
 All guarantees and protections, where available, are subject to the claims-paying ability of Nationwide Life Insurance Company.
 Please note that you can exercise this feature only once. Also, it’s not available in the first rider year and is available only prior to the first lifetime withdrawal.
 The lifetime withdrawal percentage is based on the younger spouse’s age and may be lower when the Joint Option is elected.
 Any income rolled forward to the following year will be the first dollars withdrawn and will be forfeited if it isn’t taken by the end of the following year.
The current cost of the Nationwide Lifetime Income Rider+ is 1.30% with a maximum charge of 1.50%. The cost is assessed annually on the Current Income Benefit Base.
As you learn more about Nationwide L.inc+, remember that a variable annuity is a contract purchased from an insurance company and is designed for long-term investing. The values will fluctuate based on investment option performance. Investing involves market risk, including possible loss of principal. Variable annuities have some limitations, and you may be charged penalties if you take your money out early. Withdrawals may be subject to ordinary income taxes, and if you are under age 59½, you may also pay a 10% federal tax penalty. Fees and charges can vary.
Variable products are sold by prospectus. Carefully consider the investment objectives, risks, charges and expenses. The product and underlying fund prospectuses contain 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.
Products are issued by Nationwide Life Insurance Company, Columbus, Ohio. The general distributor for variable products is Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio.
Nationwide Funds are distributed by Nationwide Fund Distributors LLC, member FINRA, Columbus, Ohio. Nationwide Life Insurance Company, Nationwide Life and Annuity Insurance Company, Nationwide Investment Services Corporation and Nationwide Fund Distributors are separate but affiliated companies.
Nationwide, the Nationwide N and Eagle, Nationwide is on your side, Nationwide Lifetime Income Rider+, Custom Choice and Nationwide Destination are service marks of Nationwide Mutual Insurance Company. All American Gold is a service mark of Nationwide Life Insurance Company.
© 2020 Nationwide Mutual Insurance Company and affiliated companies