Nationwide increases roll-up rates on L.inc+, High Point 365 annuity riders

COLUMBUS, Ohio – As investors continue to struggle with today’s volatile economic environment, Nationwide has announced enhanced rates on guaranteed income riders offered in its variable and fixed indexed annuities, providing investors with better value on riders offering flexibility, growth and stability during market volatility.

The Nationwide Lifetime Income Rider+^® (L.inc+) Suite and Nationwide High Point 365^® Select Lifetime Income Rider with Bonus will now offer increased roll up rates – the guaranteed rate at which the annuity income base grows until payouts begin. The company is also offering enhanced dollar cost averaging (DCA) rates on variable annuities, a strategy that helps smooth out market fluctuations by allowing consumers to invest a fixed amount of their annuity portfolio at regular intervals, regardless of changing prices. These new rates give financial professionals more options when developing a retirement income plan to meet their clients’ unique needs, helping them navigate turbulent markets.

Nationwide L.inc+ Suite Rates

The roll-up rate on the L.inc+ Suite across Nationwide’s brokerage and advisory annuities will increase by one percentage point to 8%. The riders are available on Nationwide Destination 2.0 and Nationwide Advisory Retirement Income Annuity^SM (NARIA) variable annuities for an additional fee, offering options for income security, additional growth potential for the future or a way to fill an income gap in retirement.

Nationwide High Point 365 Select Lifetime Income Rider with Bonus Rate

The roll-up rate on the High Point 365 Select rider with bonus will increase by one percentage point t0 9.5% when added to Nationwide New Heights Select fixed indexed annuities. High Point 365 Select offers instant income benefit base growth with its 30% bonus and continued guaranteed growth potential for up to 12 years or when withdrawals begin, whichever comes first. It also offers the opportunity to start lifetime income payments after just one year.

DCA Rates

Nationwide will now offer a 6-month interest rate of 6% and a 12-month rate of 3% when clients choose to use dollar cost averaging with their annuity purchase – some of the highest DCA rates in the market today³. With clients only investing a portion of their annuity in the market at a given time when using a DCA strategy, the remainder stays in a fixed account and accrues interest. With DCA, investors can worry less about market fluctuations and choosing the right time to invest, helping to reduce volatility in their portfolio.

“Americans are in danger of outliving their retirement savings as ongoing volatility compounds the existing challenges of greater longevity and an eroding retirement safety net,” said Craig Hawley, president of Nationwide Annuity. “Nationwide’s enhanced rates offer a range of flexible options for investors’ own unique retirement vision, helping them achieve security and protected income even amidst a shifting economic environment. One of the upsides of high interest rates is that they allow us to produce better consumer value on almost all types of annuities – and it’s never been better for lifetime income.”

Financial professionals interested in Nationwide’s lifetime income riders or DCA rates should contact their Nationwide wholesaler, call the National Sales Desk at 800-321-6064 or visit https://nationwidefinancial.com/products/annuities/variable/destination-b-2/rider-lifetime-income-rider-plus or https://nationwidefinancial.com/products/annuities/fixed-indexed/new-heights-select-8/optional-riders to learn more.