Positioning
FIA tuned to consumers planning to use the income rider feature. The 10-year surrender is the named feature.
Contract terms at a glance
Crediting methods available
- Annual point-to-point
- Multi-asset volatility-controlled index
See How fixed indexed annuities work for how each method works.
Riders
- Lifetime income benefit rider
- Standard death benefit
Best fit
- Consumers planning to activate lifetime income after a deferral period
- Buyers preferring proprietary index strategies over pure S&P 500
What to watch for
- 10-year surrender period limits liquidity
- Income rider terms drive most of the long-term value; review carefully
Cap rates, participation rates, rider charges, and surrender schedules change frequently. Before purchase, request and verify the following from the carrier or producer:
- Current income rider charge
- Benefit base roll-up rate
- Income withdrawal rate by age
- Caps and participation rates on each crediting strategy
How to verify and source current information
- Current rate card and product brochure: Nationwide direct or through a licensed independent producer.
- Statement of understanding (annuity contract disclosure document).
- For variable and indexed variable annuities: the SEC-registered prospectus (search EDGAR).
- Carrier financial strength ratings: A.M. Best, S&P Global Ratings, Moody's, Fitch.
- NAIC carrier search and statutory filings: content.naic.org.
- IRS Publication 575 (Pension and Annuity Income) for taxation: IRS Pub 575.
AnnuityMatchPro does not endorse, recommend, or sell the Nationwide Peak 10. This review is informational. Product features, surrender schedules, caps, participation rates, and rider charges vary by issue date, state, and underwriting. Confirm specific terms with the carrier or a licensed advisor before purchase. AnnuityMatchPro is not a registered investment adviser and is not a licensed insurance agency.