Peak
Nationwide Life Insurance Company
10%
Best Cap
10%
Free W/D
50
States
Nationwide Peak is a fixed indexed annuity designed for retirement savers who want growth potential tied to market indexes without the risk of losing principal. It's ideal for people near or in retirement who seek a balance between upside opportunity and downside protection.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$25,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| J.P. Morgan Mozaic II Index | Annual | 10% | 100% | -- |
| Morgan Stanley 3D Index | Annual | 11% | 100% | -- |
| MSCI EAFE Index | Annual | 8.5% | 100% | -- |
| S&P 500 Index | Annual | 7.25% | 100% | -- |
| Fixed Account | Daily | -- | -- | 3.2% |
Key Features
Principal Protection
100% protection from index downturnsYour initial investment and credited earnings are guaranteed against loss due to negative index performance
Index Cap
Typically 5-6% example shownMaximum percentage gain you can earn in the indexed account each year; varies annually but never below a guaranteed minimum
Fixed Account Option
3% example rate shownA guaranteed fixed interest rate for your first contract year, then renewal rates for each subsequent year
Tax Deferral
Potential to accelerate growthContract earnings grow without annual tax liability, allowing interest to compound on itself and on taxes you don't pay yet
Annual Reallocation
Adjust allocation to match changing needsFlexibility to move money between indexed and fixed accounts once per year on your contract anniversary
No Annual Fees
$0 annual costNo contract or administrative fees charged each year
Joint Option Death Benefit
Spouse protection and flexibilityAllows spouse to be named as co-annuitant; death benefit paid to either surviving spouse regardless of who passes first
Free Withdrawal Allowance
10% annual penalty-free accessWithdraw up to 10% of your total purchase payments annually without penalty during the CDSC period
Highlights
Principal protection—your money won't lose value due to market downturns
Growth potential with index-linked earnings capped at a guaranteed minimum percentage
Tax-deferred growth that compounds on itself, potentially increasing contract value faster
Flexible account allocation between indexed and fixed options, adjustable annually
Spouse protection through Joint Option death benefit that pays to either surviving spouse
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
People ages 58-90 (annuitant) who are preparing for or already in retirement, have at least $25,000 to invest, and want growth potential while protecting principal from market declines.
Consider Alternatives If
Investors who need immediate access to their funds, those investing for short-term goals, or people uncomfortable with surrender charges and withdrawal restrictions during the initial contract period.
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