Nationwide

Nationwide Announces New Annuity Suite

In response to the Setting Every Community Up for Retirement Enhancement (SECURE) Act, annuity heavy weight, Nationwide has announced the launch of a new suite of in-plan annuity products and partnerships with industry leaders. The line, which will be implemented from late 2020 through 2021, will include at least five new solutions.“We know this is not a one-size-fits-all problem, and we’re confident that a suite of solutions will give plan sponsors the flexibility to select the option... Read More

New Non-Variable Indexed Annuity from Nationwide

Ohio-based insurer, Nationwide, has recently launched a new, non-variable indexed annuity in an effort to give consumers more of what they’re asking for: control. Nationwide’s Defined Protection Annuity (DPA) contract gives clients the ability to decide how much protection the insurer provides against market losses, an occurrence many of us are far too familiar with these days. This type of non-variable indexed annuity comes with a protection promise against any loss of account value... Read More

Three New Annuity Lifetime Income Riders from Nationwide

In the midst of market volatility and uncertain economic times, Ohio-based mutual insurer, Nationwide, has just announced the launch of three annuity lifetime income riders. According to a recent article from ThinkAdvisor, the company said “it can do this now because it’s a big, strong company.”Most life insurers in the United States invest in corporate bonds and other fixed-income investments in order to generate the cash necessary to fund annuities. With interest rates continuing to... Read More

New Nationwide Annuity Rider Designed for Growth Potential

Indexed annuity designer Annexus has done it again, this time partnering up with Nationwide to develop a new lifetime withdrawal feature. Consumers now have the option of combining the new feature, the Nationwide High Point 365 Lifetime Income Benefit rider, exclusively with the company’s New Heights indexed annuities.According to a recent article from ThinkAdvisor, the rider “guarantees that the amount used to calculate future income will be at least 110% of the purchase payment plus... Read More

Nationwide: Annuity Distribution Trendsetter?

Nationwide has announced that they will let go 2,000 captive agents leading some industry experts to conclude that they could become the first mutual insurer to distribute annuities solely through independent agents.“To the best of my recollection, this will be the first time a mutual insurance company is distributing annuities exclusively through independent agents,” said Sheryl J. Moore, CEO of Moore Market Intelligence, in a recent InsuranceNewsNet article.Based in Columbus,... Read More

Nationwide Launches New Fee-based FIA

Leading insurance and financial services organization, Nationwide, has just announced the launch of a new fee-based fixed indexed annuity (FIA). According to a recent press release, Nationwide Summit fixed indexed annuity is the first of its kind in their offerings meant to address the needs of Registered Investment Advisors (RIAs) and fee-based advisors. Providing capital preservation without sacrificing the potential for growth, Nationwide Summit exclusively features the J.P. Morgan MOZAIC... Read More

Annuities and Amazon Echo: Insurers With ‘Skills’

One of the most popular tech gifts this holiday season was the Echo line of smart speakers from Amazon. With the ability to control smart features in your home, like thermostats and lights, in addition to playing music, setting timers, reading the news, and buying products (from Amazon of course), all with voice activation alone, it’s no wonder why they have become so popular. And it’s not just basic everyday tasks that Echo can help you with either. According to a recent City A.M. article,... Read More

Jefferson National’s Low Cost Variable Annuity Big Part of Why Nationwide Bought Company

Nationwide Financial is planning to greatly expand their variable annuity business through the purchase of Jefferson National, a strong player in the variable annuity game. Investment News' Christine Idzelis wrote about the acquisition in the article "Nationwide to buy Jefferson National." This deal gives Nationwide access to Jefferson National's 4,000 registered investment advisors and fee-based advisors.It's a move that Nationwide sees fitting because of the new fiduciary standards that... Read More

Deferred Annuities Offer Tax Advantages to Consumers

Deferred annuity products can offer tax advantages for people looking to grow their wealth as they head towards retirement. In a recent article for Wealth Management, "The Tax Advantages of Deferred Annuities," Nationwide Insurance wrote about how some annuities offer consumers important tax advantages. People use annuity products to create a steady income stream during their retirement, income that can often last for as long as they live. But in addition to paying you an income stream,... Read More

Variable Annuity Decline Shuffles Annuity Sales Leaders

The LIMRA Secure Retirement Institute just published their quarterly annuity sales report detailing the "Top 10 annuity sales leaders" from the first quarter. In an article for LifeHealthPro, Kristen Beckman listed the top sellers and discussed the big power shift between fixed and variable annuities. Their data includes information from 64 companies who make up 96% of all annuity sales. Total annuity sales were $59 billion in the first quarter. Fixed annuity sales of $32.3 billion were higher... Read More

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