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Nationwide Pro 4 Income Rider Now Available with NARIA®

Industry’s Lowest Cost Income Rider with Up to 100% Equity Exposure and Guaranteed Lifetime Income, Offers New Approach to 4% Rule with Upside Potential, Downside Protection and Flexibility

Columbus, OH — Nationwide, one of the strongest, diversified, Fortune 100 insurance and financial services companies, now offers Nationwide Pro 4SM Income Rider, a new fee-based Guaranteed Lifetime Withdrawal Benefit (GLWB), available only with Nationwide Advisory Retirement Income Annuity® (NARIA®), a variable annuity designed expressly for Registered Investment Advisors (RIAs) and fee-based financial professionals to align with their values and fit the way they work. Nationwide Pro 4SM is an optional living benefit available at an additional cost.

Recent analysis suggests that allocations to variable annuities with GLWBs can create more expected income with less risk than through systematic withdrawals alone, by reducing the risk of portfolio depletion. According to Nationwide’s latest Advisor Authority study, 84% of advisors and financial professionals say that the use of an annuity with an income guarantee is important for supporting a sustainable withdrawal rate.

The 4% rule has been a cornerstone of retirement income planning for decades, but with interest rates near 30-year lows, clients are being presented with difficult choices such as reducing their withdrawals, taking on riskier assets or increasing the chance of depleting their portfolio and outliving their savings. RIAs and fee-based advisors need new solutions,” said Eric Henderson president, Nationwide Annuity, at Nationwide Financial. “Nationwide Pro 4SM Income Rider can provide a guaranteed 4% withdrawal rate for life, with up to 100% equity exposure for greater income growth potential clients seek—and the protection from market downturns they need.”

Nationwide Pro 4SM Income Rider is designed to provide a steady stream of income that’s guaranteed for the client’s entire life, even if the contract value falls to $0.2 There is also a Joint Option for continuation of income for a spouse. This fee-based GLWB guarantees a lifetime withdrawal percentage of 4.0% for Single Life and 3.75% for the Joint Option.3 At a low cost of 0.45% for Single Life and 0.60% for the Joint Option3, Nationwide Pro 4SM Income Rider is less than half of the industry average cost for a GLWB according to Morningstar data.4

Nationwide Pro 4SM offers more than 150 underlying investment options, which allows RIAs and fee-based financial professionals to build custom portfolios for their clients’ annuity holdings with a maximum equity exposure of 100%.5 With its broad fund selection, Nationwide Pro 4SM allows RIAs and fee-based financial professionals to manage clients’ assets more holistically across taxable and tax-deferred accounts while helping them mitigate longevity risk by incorporating an annuity with an income guarantee.

To help clients benefit from the market’s growth potential and protect their income from possible market losses, Nationwide Pro 4 SM Income Rider offers a potential annual step-up feature on the income benefit base each year on the contract anniversary.6 If the contract value goes up, the benefit base resets to the higher value. But the benefit base can never go down, even if the contract value falls below the original investment level.

To give clients added flexibility, Nationwide Pro 4SM Income Rider offers a one-time non-lifetime withdrawal without stopping the step-up feature or locking in the lifetime withdrawal percentage.7 To enhance flexibility for RIAs and fee-based financial professionals, advisory fees of up to 1.50% of the average contract value can be pulled from the contract value, depending on Broker Dealer rules, without impacting the client’s income benefit or death benefit. In addition, according to Nationwide’s IRS private letter ruling secured last year, advisory fees up to 1.50% can be pulled from a non-qualified annuity, depending on Broker Dealer rules, without creating a taxable event.

A growing number of investors are recognizing the importance of annuities. According to Advisor Authority, 54% of investors are likely to choose an annuity as part of their holistic plan to protect against outliving their savings—including nearly three-fourths of Millennial investors (72%) and more than two-thirds of Gen X investors (69%). Likewise, younger investors are likely to choose an annuity to protect against outliving their savings, including 72% of Millennial investors and 61% of Gen X investors.

RIAs and fee-based financial professionals can visit www.nationwideadvisory.com, or call 1-866-667-0564 for more information about Nationwide Pro 4SM Income Rider.

All guarantees and protections are subject to the claims paying ability of Nationwide Life Insurance Company.

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 and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com. Follow us on Facebook and Twitter.


1 Morningstar as of 12/2020.

2 Subject to the claims-paying ability of the issuing insurance company. Excess, early or non-lifetime withdrawals, may reduce or terminate the income benefit base.

3 All rates published as of 12/2020; rates are subject to change without notice. Electing the Joint Option may reduce payout rates.

4 Morningstar as of 12/2020. Costs are assessed on each contract anniversary and are based on the current benefit base.

5 Investment restrictions apply. Please see the prospectus for more details.

6 Early excess and non-lifetime withdrawals may reduce or terminate the income benefit base. Certain restrictions and limitations may apply.

7 Can be exercised only once and is available only after the first rider year. May not be available in all states.


Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the institution • Not insured by any federal government agency • May lose value 

This material is not a recommendation to buy, sell, hold, or roll over any asset, adopt an investment strategy, retain a specific investment manager or use a particular account type. It does not take into account the specific investment objectives, tax and financial condition or particular needs of any specific person. 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. All guarantees and protections are subject to the claims-paying ability of Nationwide Life Insurance Company.

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 nationwideadvisory.com or call 1-866-667-0561.

Nationwide Advisory Retirement Income Annuity is a variable annuity issued by Nationwide Life Insurance Company, Columbus, Ohio. The general distributor is Nationwide Investment Services Corporation (NISC), member FINRA, Columbus, Ohio.

Nationwide, the Nationwide N and Eagle, Nationwide is on your side, Nationwide Advisory Income Retirement Annuity, NARIA, and Nationwide Pro 4 are service marks of Nationwide Mutual Insurance Company. © 2020 Nationwide