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Nationwide increases payout percentages on L.inc+ Advisory riders, offers modeling capabilities on NARIA

Enhanced rates and ability to create and manage models provides more options for fee-based advisors to meet clients’ retirement income needs

Columbus, OH – As uncertain market conditions continue to weigh on investors and their retirement plans, financial professionals are providing recommendations to help them feel more confident. However, according to Nationwide’s Advisor Authority study, only 26% of advisors are talking to their pre-retiree clients about generating guaranteed income in retirement. To address this challenge, Nationwide is making updates to the Nationwide Advisory Retirement Income Annuity (NARIA) and the Nationwide Lifetime Income Rider+ (L.inc+) Advisory suite, a set of optional riders with features designed to turn investors’ savings into a predictable stream of income in retirement.

Nationwide’s updates to NARIA include increased withdrawal rates on its riders, L.inc+ Core Advisory, L.inc+ Accelerated Advisory and L.inc+ Empire Advisory. NARIA will also now offer advisors the ability to create investment models using the company’s proprietary technology platform, a capability unique to Nationwide. These changes allow advisors to simplify the management of their clients’ portfolios and help prepare them for retirement by offering some of the highest guaranteed income solutions in Nationwide’s history.

L.inc+ Core Advisory, L.inc+ Accelerated Advisory and L.inc+ Empire Advisory Withdrawal Rates Increase
Payout percentages on L.inc+ Core Advisory are increasing by 5 – 40 basis points at key retirement ages, highlighted by a 40-basis point increase for single and joint investors who take their first withdrawal at 65 years old.

L.inc+ Accelerated Advisory payout percentages are increasing by 10 – 45 basis points at key retirement ages, highlighted by a 45-basis point increase for joint investors who take their first withdrawal at 65 years old.

Payout percentages on L.inc+ Empire Advisory, available exclusively in New York, are increasing by 10 – 70 basis points at key retirement ages.

Nationwide began offering L.inc+ Core Advisory, L.inc+ Accelerated Advisory and L.inc+ Empire Advisory on NARIA in late 2023 for an additional cost. All three riders offer investment flexibility and high equity exposures, with L.inc+ Accelerated Advisory allowing clients to invest up to 100% in equities.

Investment model capabilities added to NARIA
Advisors will now be able to create tailored investment strategies for their clients using Nationwide’s technology platform and the robust fund selection within NARIA. These modeling capabilities originated with Nationwide Monument Advisor, allowing advisors to create lineups that include groups of funds instead of individual investments. With this new feature, advisors can simplify portfolio management and spend more time working with their clients on their investment goals.  

“Nationwide remains the top wholesale distributor of Advisory variable annuities1, and these new options further solidify our company’s position as the industry leader in the Advisory space,” said Mike Morrone, vice president of Nationwide Annuity business development. “Nationwide has been providing variable annuity living benefit income protection for decades, and we’re proud to now be able to offer some of the highest income guarantees in our history. For investors who can’t afford to hope for the best in an uncertain future, annuities paired with riders t1hat offer guaranteed income can be a great solution to help them protect their finances.”  

Financial professionals interested in NARIA should contact their Nationwide wholesaler or call Nationwide’s Advisory Support Desk at 866-667-0564. Individual investors interested in learning more about the benefits of NARIA should contact their financial professional or visit www.nationwideadvisory.com.

1 Wink’s Sales & Market Report 3rd Quarter, 2023

About Advisor Authority: Methodology
The research was conducted online within the U.S. by The Harris Poll on behalf of Nationwide from January 8-23, 2024, among 518 advisors and financial professionals and 2,346 investors ages 18+ with investable assets (IA) of $10K+. Advisors and financial professionals included 257 RIAs, 178 broker-dealers, 130 wirehouse and 42 other financial professionals. 

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 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 and mutual funds; excess & surplus, specialty and surety; and pet, motorcycle and boat insurance.

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.

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.

All guarantees are subject to the claims paying ability of Nationwide Life Insurance Company. Variable annuities are issued by Nationwide Life Insurance, Columbus, Ohio. The general distributor is Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio.

For more information, visit www.nationwide.com.

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