• Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the institution • Not insured by any federal government agency • May lose value
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.
Life and annuity products are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio. The general distributor for variable products is Nationwide Investment Services Corporation (NISC), member FINRA, Columbus, Ohio. The Nationwide Retirement Institute is a division of NISC. Nationwide Funds are distributed by Nationwide Fund Distributors, LLC, Member FINRA, Columbus, OH. Nationwide Life Insurance Company, Nationwide Life and Annuity Company, Nationwide Investment Services Corporation and Nationwide Fund Distributors are separate but affiliated companies.
The Nationwide Group Retirement Series includes unregistered group fixed and variable annuities issued by Nationwide Life Insurance Company. It also includes trust programs and trust services offered by Nationwide Trust Company, FSB.
Nationwide, the Nationwide N and Eagle, Nationwide is on your side and Nationwide Retirement Institute are service marks of Nationwide Mutual Insurance Company.
©Nationwide Mutual Insurance Company and affiliated companies
FAQs
Fixed annuities allow you to lock in a rate of earning that, even over long periods of time, remains unaffected by market ups and downs. The principal investment and a specified interest rate are both guaranteed.
How does a nationwide annuity work? ›
They're long-term contracts from an insurance company where you invest your money. In return for your investment, you get income in the form of regular payments through annuitization or a guaranteed lifetime income benefit that is available at an additional cost.
Is Nationwide a good company for annuities? ›
Nationwide's life insurance business is on the rise according to the J.D. Power 2023 U.S. Individual Life Insurance Study. Nationwide ranked No. 2 overall. The company's annuity business maintained its top quartile ranking in the J.D. Power 2023 U.S. Individual Annuity study, showing up at No.
What is the downside of a fixed annuity? ›
A fixed annuity is not the right choice for everyone. The main drawbacks are around limited growth, penalties for early withdrawals and taxation of earnings.
How much does a $100,000 fixed annuity pay per month? ›
Investing $100,000 in an annuity can offer a sense of security. Based on current annuity rates, this investment might yield a monthly income in the ballpark of $500 to $600.
How much does a $50,000 annuity pay per month? ›
Payments You Might Receive From a $50,000 Annuity
If you use $50,000 to buy a fixed annuity paying 5% per year, for example, you'll earn $2,500 annually or about $208.33 per month. Deferred annuities, on the other hand, can be more complicated to estimate payments for because there are so many variables.
What is the biggest disadvantage of an annuity? ›
High expenses and commissions
Cost is one of the biggest drawbacks of annuities.
Who should not buy an annuity? ›
So, if you have experience and success managing your funds on your own and can convert your assets into an income, there is no reason to buy an annuity. 2. Don't buy an annuity if you're sure you have enough money to meet your income needs during retirement (no matter how long you may live).
Why do financial advisors not like annuities? ›
They don't want their army of advisors pushing Immediate Annuities, Deferred Income Annuities, QLACs, and Qualified Longevity Annuity Contracts. Why? You can't charge a fee on those, and those are irrevocable lifetime income products, which means that money in the firm's eyes is gone.
What is the safest annuity to buy? ›
Income annuities and fixed annuities are among the safest financial solutions available.
No, you can not lose money in a fixed annuity. Fixed annuities provide a guaranteed rate of return for a set period of time (usually 2 to 10 years). Because of their similarity to bank certificates of deposit fixed annuities are often referred to as CD Type Annuities.
Can a fixed rate annuity lose money? ›
Fixed Annuities
Check out current rates here. The rates are guaranteed and you cannot lose money. If you choose to withdraw money during your surrender period you may incur surrender charges if the amount you withdraw is above the annual allowable withdrawal amount.
Is my money safe in a fixed annuity? ›
While you are taking some risk that you won't be getting the entire upside of the market, you are protected against the downside. Fixed indexed annuities can not credit you less than 0% interest, meaning you do not lose principal when the index loses money.
How much will a $300000 annuity pay per month? ›
Here's how much income a $300,000 fixed annuity might pay per month: $3,517 if you choose single life only, which allows you to receive income for life but does not offer a death benefit to your beneficiaries.
How much does a $250000 annuity pay per month? ›
Estimated Monthly Payments from a $250,000 Annuity
At age 65, monthly payments range from $1,387 for a single life with cash refund to $1,465 for a single life-only option.
What is the highest paying annuity right now? ›
What Are Today's Best Fixed Annuity Rates?
| Term | Provider | Rate |
|---|
| 7 Years | Atlantic Coast Life Safe Harbor Bonus Guarantee | 6.50% |
| 8 Years | EquiTrust Life Insurance Company Certainty Select | 5.50% |
| 9 Years | American National Insurance Company Palladium MYG | 5.45% |
| 10 Years | Atlantic Coast Life Safe Harbor Bonus Guarantee | 6.90% |
6 more rows¹ A 30% bonus calculated on the purchase payment, will be added to your Minimum Income Benefit Value at contract issue. ² This assumes that no withdrawals are taken. ³ Income is guaranteed to continue for the rest of your life so long as the terms of the contract and rider are followed.
What are the payout options for nationwide annuity? ›
Payment options
1. Annuitize the proceeds of the annuity to create a stream of income for a set period or for your lifetime. 2. Use the proceeds to purchase a new deferred contract with either a 5- or 10-year payout option or for your lifetime.
What happens to money left in an annuity? ›
What happens to the money in an annuity after the owner dies depends on the type of annuity and its specific provisions. Some annuities stop payments when the owner dies, while others continue to pay out to a spouse or other beneficiary. The annuitant decides on the provisions at the time the contract is drawn.
How does an annuity work for dummies? ›
An annuity is a written contract typically between you and a life insurance company in which the insurance company makes a series of regularly spaced payments to you in return for a premium or premiums you have paid. An annuity is not life insurance. A life insurance policy provides benefits to your family if you die.
