New Heights Select 8
Nationwide Life Insurance Company
7%
Free W/D
49
States
A fixed indexed annuity that offers the potential for growth based on stock market index performance while protecting your principal from market downturns. Designed for individuals seeking retirement income security with growth opportunity.
Free Withdrawal
7%/yr
Available In
49 states
Min Premium
$10,000
Surrender
8 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| Goldman Sachs New Horizons Index | 2-Year | -- | 180% | -- |
| Goldman Sachs New Horizons Index | Annual | -- | 110% | -- |
| J.P. Morgan Mozaic II Index | 2-Year | -- | 125% | -- |
| J.P. Morgan Mozaic II Index | Annual | -- | 90% | -- |
| Loomis Sayles Discovery Index | 2-Year | -- | 100% | -- |
| Loomis Sayles Discovery Index | Annual | -- | 60% | -- |
| Nasdaq-100 Volatility Control 10% PR Index | 2-Year | -- | 35% | -- |
| Nasdaq-100 Volatility Control 10% PR Index | Annual | -- | 25% | -- |
| NYSE Zebra Edge II Index | 2-Year | -- | 160% | -- |
| NYSE Zebra Edge II Index | Annual | -- | 100% | -- |
| SG Macro Compass Index | 2-Year | -- | 130% | -- |
| SG Macro Compass Index | Annual | -- | 100% | -- |
| S&P 500 Index | 2-Year | -- | 20% | -- |
| S&P 500 Index | Annual | -- | 30% | -- |
| Fixed Account | 2-Year | -- | -- | 0.1% |
| Fixed Account | Annual | -- | -- | 0.1% |
Key Features
Index-Linked Growth
7 index strategies availableReturns are based on performance of indices like the S&P 500, Nasdaq-100, or Goldman Sachs New Horizons Index
Downside Protection
100% principal protectionContract values are not impacted by negative index returns—you cannot lose principal due to market declines
Surrender Charge Period
9% declining to 0% over 8 years8-year period with declining charges; charges start at 9% year 0 and decrease to 0% after year 8
Free Withdrawal Access
7% to 10% annuallyAccess a percentage of your contract value each year without surrender charges; 7% years 1-7, 10% year 8+
Daily Accumulation Value (DAV)
Real-time earnings trackingMonitors unrealized strategy earnings and ensures you benefit from market gains between crediting periods
Lock-In Feature
Once per strategy termLock in favorable index values once per strategy term to protect gains before the term ends
Minimum Purchase
$10,000Low entry point for IRA, non-qualified, and other qualified plans
Maximum Issue Age
Age 0-80 for some ridersAnnuitant can be up to age 80 at purchase
Highlights
Growth potential linked to market indices like the S&P 500 with downside protection—your contract value won't be negatively impacted by market declines
Capital preservation guarantee—you get back at least your initial purchase payment (less withdrawals) in certain situations
Lifetime income options available through optional riders, providing guaranteed income you cannot outlive
Flexibility with free withdrawal access starting in year 1 and up to 10% penalty-free in year 8 and beyond
Choice of 7 different index strategies to match your risk tolerance and growth objectives
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
Yr 8
2%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Individuals age 40-80 seeking retirement income security, capital preservation, and growth potential who want protection from market downturns and are willing to accept a medium-term commitment.
Consider Alternatives If
Investors needing immediate access to funds or those unable to weather an 8-year surrender charge period without penalty should consider other products.
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