Nationwide and Annexus celebrate 10-year partnership with NYSE bell ringing
Over the past decade, Nationwide and product development partner Annexus have brought innovative solutions to the financial services marketplace, creating substantial value to help American retirement savers achieve their goals. To commemorate this milestone, leaders from both companies gathered to ring the closing bell at the New York Stock Exchange on March 7, celebrating the strength of their partnership and reinforcing their commitment to innovation and delivering consumer value.
“Our partnership with Annexus has enabled us to take our product innovation to the next level,” said Mike Morrone, vice president of Nationwide Annuity business development. “Because of this partnership, Nationwide was able to enter the fixed indexed annuity (FIA) and registered index-linked annuity (RILA) markets, reaching new customers to help them achieve a secure retirement.”
Nationwide and Annexus launched Nationwide New Heights in 2014, a FIA offering investors principal protection and growth potential in a variety of market environments. A few years later, they evolved the product and launched Nationwide New Heights® Select, offering greater growth potential with strategy options that track the performance of an index and lock in earnings at the end of each strategy term. New Heights Select also offers bucketing capabilities, providing investors with the option to allocate their contract value among up to five strategy options. Additionally, the annuity offers two optional living benefit riders for an additional charge, creating a source of guaranteed retirement income investors can’t outlive.
In 2020, the partners launched the Nationwide Defined Protection® Annuity, Nationwide’s first offering in the RILA market. Since then, the product has been enhanced and relaunched as Nationwide Defined Protection® Annuity 2.0, featuring three protection levels with a floor applied daily, ten index strategies and free withdrawals, making it uniquely positioned to succeed with investors in today’s challenging economic environment.
In recent years, Nationwide also has launched product and distribution partnerships with Annexus in the life insurance and employer-sponsored retirement plans spaces.
“The partnership between Nationwide and Annexus is a testament to both companies’ traditions of designing protection-focused products with the goal of delivering better client outcomes,” said Ron Shurts, co-founder and CEO of Annexus. “We’re looking forward to continuing our partnership with Nationwide well into the future, developing products together that help investors reach their goals in retirement.”
For more information about Nationwide New Heights Select, Nationwide Defined Protection Annuity or any of Nationwide’s diverse portfolio of annuity products, visit nationwidefinancial.com.
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.
Index-linked annuity contracts are complicated investments. Prospective purchasers should consult with a financial professional about the Contract’s features, benefits, risks, and fees and whether the contract is appropriate based upon his or her financial situation and objectives.
Annuities have limitations. They are long-term vehicles designed for retirement purposes. They are not intended to replace emergency funds, to be used as income for day-to-day expenses or to fund short-term savings goals. Withdrawals are subject to income tax, and withdrawals before age 59½ may be subject to a 10% early withdrawal federal tax penalty. Please read the contract for complete details.
Nationwide Defined Protection® Annuity 2.0 is an individual single purchase payment deferred annuity with index-linked strategies issued by Nationwide Life Insurance Company, Columbus, Ohio. The general distributor is Nationwide Investment Services Corporation, Member FINRA. Please note that the Defined Protection Annuity does not directly invest in an index. The product includes index strategies which follow market performance; however, they are not actual investments in the stock market.
Nationwide New Heights® Select, an individual, single purchase payment, deferred fixed indexed annuity is issued by Nationwide Life and Annuity Insurance Company, Columbus, Ohio. New Heights Select does not directly participate in the stock market or any index. It is not possible to invest in an index. Withdrawals are subject to income tax, and withdrawals before age 59½ may be subject to a 10% federal tax penalty.
Guarantees and protections referenced within are subject to the claims-paying ability of Nationwide Life and Annuity Insurance Company, Columbus, Ohio.
For more information, visit www.nationwide.com.
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05/2024