As you continue reviewing the Nationwide New Heights® Select Fixed Indexed Annuity, consider how these optional riders can help you tailor it to focus more on what’s important to you.

Note that these riders are available for an additional cost, they must be elected at the time of issue, and only one rider may be elected per contract. Availability of New Heights Select products and riders varies by state. Refer to the New Heights Select product profiles for details on availability.

Guarantee lifetime income for yourself

Two optional riders include a combination of features designed to increase the lifetime income you can expect in retirement.

Nationwide High Point 365® Select
Lifetime Income Rider

This option guarantees that your income benefit base (what we use to calculate your income) will grow by the greater of:

  • A daily step-up opportunity on the income benefit base that captures the highest Daily Accumulation Value (DAV)1 –or–
  • The Minimum Income Benefit Value, which guarantees daily growth of your purchase payment at a 1% compound annual rate for 10 years or until the first lifetime income withdrawal, whichever comes first

The additional cost for this rider is 0.95%; it’s calculated on the high point income benefit base and deducted from the contract value quarterly.

Nationwide High Point 365® Select
Lifetime Income Rider with Bonus

This option offers instant growth of the income benefit base with its Minimum Income Benefit Value Bonus of 30%.

And it guarantees that your income benefit base will continue to grow by the greater of:

  • A daily step-up opportunity on the income benefit base that captures the highest Daily Accumulation Value (DAV)1 –or–
  • The Minimum Income Benefit Value, guaranteed to grow daily at a 9.5% compound annual rate for 12 years or until the first lifetime income withdrawal, whichever comes first

The additional cost for this rider is 1.10%; it’s calculated on the high point income benefit base and deducted from the contract value quarterly.

Both living benefit rider options feature:

  • Guaranteed income increases the longer you wait to take lifetime income2
  • A joint option that provides continuation of income to the spouse (if elected, the lifetime payout percentage is lower and based on the age of the younger spouse)
  • Issue ages from 40 to 80 (includes spouse if joint option is chosen)3

For Nationwide High Point 365® Select Lifetime Income Rider, income payments can begin after the fifth contract anniversary and the date when the younger covered life reaches age 50.

For Nationwide High Point 365® Select Lifetime Income Rider with Bonus, income payments can begin after the first contract anniversary and the date when the younger covered life reaches age 50.

Enhance the legacy you leave for your heirs

Choose from one of two optional riders designed to protect and increase the death benefit we would pay to your beneficiary.

  • High Point® Select Enhanced Death Benefit Rider (EDB Rider)
  • High Point® Select Enhanced Death Benefit Rider with Purchase Payment Bonus (EDB with Bonus Rider)

Nationwide’s EDB riders offer the opportunity for a death benefit value that:

  • Can increase due to positive index performance
  • Will never decrease due to negative index performance

Only one rider can be chosen, and it must be elected at the time of contract issue. You (and your spouse if the joint option is elected) must be 75 or younger at contract issue; the oldest age of either spouse is used to calculate the death benefit amount.

You will receive the greater of the New Heights Select standard death benefit or the High Point Select EDB Value.

High Point EDB Value
is the greater of:

Highest DAV4 Minimum EDB Value
If the Daily Accumulation Value (DAV)1 reaches a new daily high, that value is captured as your Highest DAV. The Highest DAV may increase until the contract anniversary after the older annuitant reaches age 80.

The Minimum EDB Value is the purchase payment growing daily at a 4% annual rate until the earliest of:

  • The date, if any, the Minimum EDB Value reaches the limit of 200% of the purchase payment –or–
  • The contract anniversary after the older annuitant reaches age 80 –or–
  • The date the first death benefit becomes payable

The EDB with Bonus Rider instantly increases the death benefit to extend the legacy you leave for your loved ones.

  • 3% for New Heights Select 8 and 10
  • 4% for New Heights Select 9
  • 5% for New Heights Select 12

The bonus is calculated at purchase and immediately credited to the purchase payment when the contract is issued; it is then applied to the contract value and the return of purchase payment agreement amount.

The purchase payment bonus vests over time and is fully vested by the end of the Surrender Charge period.

Joint option
Choosing the joint option ensures that a death benefit will be paid out no matter who passes away first. That person will have the choice between:

  • Continuing the contract
  • Taking a lump-sum payout of the benefit

Rider charges
Rider charges are based on the High Point EDB Value and assessed quarterly, and reduce the contract value and the minimum guaranteed contract value (in states that allow it5).
EDB rider charge rate
  • 0.50% for New Heights Select 8, 9 and 10
  • 0.55% for New Heights Select 12
EDB rider with bonus charge rate
  • 0.95% for New Heights Select 9 and 12
  • 0.80% for New Heights Select 8 and 10

Learn more about New Heights Select annuities

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[1] The Daily Accumulation Value monitors the combined daily fluctuations in the elected strategy options and is the greater of (1) the contract value, plus any unrealized earnings (strategy earnings that have not yet been credited to the contract), or (2) the Return of Purchase Payment Guarantee Amount.

[2] If Rider with Bonus is elected, guaranteed income growth is capped at year 30.

[3] For New Heights 12: The maximum issue age is 75 years (64 years in Florida).

[4] For states filed under the Interstate Insurance Compact, this amount will be the lessor of the Highest DAV or 125% of the Surrender Value.

[5] The states are Arkansas, Arizona, Colorado, Washington D.C., Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Montana, North Dakota, Nebraska, New Mexico, Rhode Island, South Dakota, Tennessee, Virginia, Vermont and Wisconsin.

Read this important information.

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

Nationwide New Heights is issued by Nationwide Life and Annuity Insurance Company, Columbus, Ohio.

Nationwide New Heights, Nationwide High Point 365 and Nationwide High Point are service marks of Nationwide Mutual Insurance Company.

Contract/certificate: ICC20-FACC-0126AOPP, ICC20-FARR-0122AO, ICC20-FARR-0123AO, ICC20-FARR-0124AO, ICC20-FARR-0125AO, ICC23-FAZZ-0150AO.1