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Payout percentages increase for L.inc Advisory annuity income benefit rider

Nationwide Lifetime Income Rider® Advisory rate change will offer the highest guaranteed income at ages 65-70 across top competitors1

Columbus, OH — For the second quarter in a row, Nationwide is the top provider of Advisory annuities, as reported by LIMRA2. Now the company is increasing payout percentages on the Nationwide Lifetime Income Rider Advisory (L.incSM Advisory), further solidifying Nationwide’s position as the industry leader in the Advisory space.

Payout percentages are increasing by 5 - 40 basis points, based on the owner’s age when they take their first withdrawal. These new rates will allow financial professionals to provide more guaranteed lifetime income to their clients when developing their retirement plans.  

L.inc Advisory is for clients who want to know what their minimum guaranteed income will be in retirement. In addition to strong payout percentages, L.inc Advisory has a 7% simple interest roll-up rate, which is a guaranteed increase applied to the initial investment each year on the rider anniversary for purposes of calculating the rider payout amount3. This roll-up can help clients stay ahead of inflation.

“Americans are in danger of outliving their retirement savings as ongoing volatility adds to the existing challenges of greater longevity and an eroding retirement safety net,” said Eric Henderson, president of Nationwide Annuity. “One of the benefits of rising rates is that they allow us to produce better consumer value on virtually all types of annuities. Research shows that allocating a portion of a portfolio to guaranteed income can improve client outcomes, and Nationwide is committed to providing solutions that help financial professionals do just that.”

Nationwide L.inc Advisory was launched in September 2019, and can be added at an additional cost to the Nationwide Advisory Retirement Income AnnuitySM.

About Nationwide

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities, mutual funds and ETFs; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com. Follow us on Facebook and Twitter.

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.

When evaluating the purchase of a variable annuity, your clients should be aware that variable annuities are long-term investment vehicles designed for retirement purposes and will fluctuate in value; annuities have limitations; and investing involves market risk, including possible loss of principal. Protections and guarantees are subject to the claims-paying ability of Nationwide Life Insurance Company and do not apply to the investment performance of the variable accounts, which are subject to investment risk.

Variable products are sold by prospectus. Carefully consider the investment objectives, risks, charges and expenses. The product and underlying fund prospectuses contain this and other important information. Investors should read them carefully before investing. To request a copy, go to nationwide.com/prospectus or call 1-800-848-6331.

Variable annuities are issued by Nationwide Life Insurance, Columbus, Ohio. The general distributor is Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio.

Nationwide, the Nationwide N and Eagle, Nationwide is on your side, Nationwide Lifetime Income Rider and Nationwide Advisory Retirement Income Annuity are service marks of Nationwide Mutual Insurance Company. © 2022 Nationwide

1 Morningstar Variable Annuity Intelligence Report, Data as of October 2022

2 Q2 2022 LIMRA US Individual Annuity Industry Sales Report  

3 Roll-up rates are guaranteed increases to the rider’s benefit base and are credited on the first 10 contract   anniversaries. The benefit base is used to calculate the annual income offered by the rider.