Peak 5
Nationwide Life Insurance Company
10%
Best Cap
10%
Free W/D
50
States
Nationwide Peak 5 is a fixed indexed annuity that allows long-term investors to earn returns based on underlying index performance while maintaining principal protection and a guaranteed minimum fixed interest rate.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$25,000
Surrender
5 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| J.P. Morgan Mozaic II Index | Annual | 10% | 100% | -- |
| Morgan Stanley 3D Index | Annual | 10% | 100% | -- |
| MSCI EAFE Index | Annual | 8% | 100% | -- |
| S&P 500 Index | Annual | 7% | 100% | -- |
| Fixed Account | Daily | -- | -- | 2.85% |
Key Features
Index Caps
5.5%-10% depending on index and premium tierMaximum annual return you can earn from index-linked accounts, ranging from 5.5% to 10% depending on your premium amount and chosen index
Fixed Interest Rate
3.05%-3.2% depending on premium amountGuaranteed minimum return on the fixed account portion, unaffected by market performance
Multiple Index Options
4 index options availableChoose from S&P 500, MSCI EAFE, Morgan Stanley 3D, or J.P. Morgan Mozaic II to customize your growth potential
Market Value Adjustment
May be positive, negative, or zeroAdjustment applied to early withdrawals or surrenders that can increase or decrease your withdrawal amount based on interest rate changes
Surrender Charge Period
5-year surrender periodInitial 5-year period during which early full or partial withdrawals are subject to surrender charges and MVA
Highlights
Fixed indexed annuity combining guaranteed protection with growth potential tied to market index performance
Multiple index options including S&P 500, MSCI EAFE, Morgan Stanley 3D, and J.P. Morgan Mozaic II
Index caps ranging from 5.5% to 10% depending on premium size and selected index
Fixed interest rate floor (3.05%-3.2%) ensures some guaranteed return regardless of market performance
Market value adjustment mechanism that can increase or decrease withdrawal amounts based on interest rate changes
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Long-term investors seeking a balance between market-linked growth potential and principal protection, particularly those nearing or in retirement who want guaranteed income with upside participation.
Consider Alternatives If
Investors needing immediate access to funds or those with short-term savings goals, as the product is designed for long-term retirement planning with a 5-year surrender charge period.
Carrier Ratings
Free Comparison Report
Get a personalized Peak 5 illustration
See year-by-year projections for your specific age, premium, and income goals.