{"id":19844,"date":"2019-03-15T20:22:10","date_gmt":"2019-03-15T20:22:10","guid":{"rendered":"http:\/\/www.annuityfyi.com\/?p=19844"},"modified":"2023-02-14T17:51:40","modified_gmt":"2023-02-14T17:51:40","slug":"19844","status":"publish","type":"post","link":"https:\/\/www.annuityfyi.com\/blog\/2019\/03\/19844\/","title":{"rendered":"New Nationwide Annuity Rider Designed for Growth Potential"},"content":{"rendered":"<p><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-19845\" src=\"https:\/\/www.annuityfyi.com\/wp-content\/uploads\/2019\/03\/coins-1523383_1920-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.annuityfyi.com\/wp-content\/uploads\/2019\/03\/coins-1523383_1920-300x200.jpg 300w, https:\/\/www.annuityfyi.com\/wp-content\/uploads\/2019\/03\/coins-1523383_1920-1024x683.jpg 1024w, https:\/\/www.annuityfyi.com\/wp-content\/uploads\/2019\/03\/coins-1523383_1920-768x512.jpg 768w, https:\/\/www.annuityfyi.com\/wp-content\/uploads\/2019\/03\/coins-1523383_1920-1536x1024.jpg 1536w, https:\/\/www.annuityfyi.com\/wp-content\/uploads\/2019\/03\/coins-1523383_1920.jpg 1920w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>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\u2019s New Heights <a href=\"https:\/\/www.annuityfyi.com\/fixed-indexed-annuities\/\">indexed annuities.<\/a><\/span><\/p>\n<p><span style=\"font-weight: 400\">According to <a href=\"https:\/\/www.thinkadvisor.com\/2019\/03\/12\/nationwide-adds-guaranteed-withdrawal-annuity-feature\/\">a recent article from <\/a><\/span><i><span style=\"font-weight: 400\">ThinkAdvisor<\/span><\/i><span style=\"font-weight: 400\">, the rider \u201cguarantees that the amount used to calculate future income will be at least 110% of the purchase payment plus 7% compound annual growth for up to 10 years.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Nationwide says that another feature \u201cautomatically locks in every daily high point of the accumulation strategy, providing an opportunity for continued income growth after 10 years.\u201d<\/span><\/p>\n<p>According to <a href=\"https:\/\/nationwidefinancial.com\/products\/annuities\/rider-high-point-365\">the Nationwide website<\/a>, the rider was designed to offer:<\/p>\n<ul>\n<li>The opportunity for growth potential, even after lifetime income payments have started<\/li>\n<li>The greater of (1) a daily step-up feature on the income benefit base that captures the highest daily balanced allocation value&nbsp;or 1% compound interest annual roll-up on your purchase payment for 10 years or until the first lifetime withdrawal, whichever comes first<\/li>\n<li>Competitive payout percentages that increase the longer you wait to take lifetime income<\/li>\n<li>A joint option for continuation of income to the spouse. [Note: If joint option is elected, the lifetime payout percentage is lower.]<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Co-founder of Annexus, Don Dady, stated that the new feature creates a rider that can offer the same accumulation strategies that the base product offers without limiting the client\u2019s accumulation potential.<\/span><\/p>\n<p>For more information about annuity products and investing strategies, <a href=\"https:\/\/www.annuityfyi.com\/\">check out our website<\/a>, or contact AnnuityFYI at 1-866-223-2121. You can also send us an email at support@annuityfyi.com.<\/p>\n<div id=\"rotating-tag\" class=\"col-md-6\"><\/div>\n<p>Written by <a href=\"https:\/\/www.annuityfyi.com\/blog\/author\/financemama\/\" target=\"_blank\" rel=\"author noopener\">Rachel Summit<\/a><\/p>\n<p>Follow Rachel, aka Finance Mama, on <a title=\"Finance Mama Twitter\" href=\"https:\/\/twitter.com\/financemama\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> and <a title=\"Rachel Summit Google+\" href=\"https:\/\/plus.google.com\/u\/0\/115819249725615721344\/posts\" target=\"_blank\" rel=\"noopener\">Google+<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s New &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"New Nationwide Annuity Rider Designed for Growth Potential\" class=\"read-more button\" href=\"https:\/\/www.annuityfyi.com\/blog\/2019\/03\/19844\/#more-19844\" aria-label=\"Read more about New Nationwide Annuity Rider Designed for Growth Potential\">Read more<\/a><\/p>\n","protected":false},"author":5,"featured_media":19845,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34,55,49,17,70,13],"tags":[33,54,313,39,71,43],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/19844"}],"collection":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/comments?post=19844"}],"version-history":[{"count":1,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/19844\/revisions"}],"predecessor-version":[{"id":24970,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/19844\/revisions\/24970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/media\/19845"}],"wp:attachment":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/media?parent=19844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/categories?post=19844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/tags?post=19844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}