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.
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.
Offers tax-deferred growth and varied investment choices in retirement.
Offers retirement income for those planning for or living in retirement.
Offers tax-deferred growth and varied investment choices to help prepare you for retirement.