Peak® 10
Nationwide Life Insurance Company
10%
Best Cap
10%
Free W/D
48
States
A fixed indexed annuity that combines market upside potential with downside protection, plus guaranteed lifetime income you can turn on whenever you're ready. Built for people who want retirement income security without giving up growth opportunities.
Free Withdrawal
10%/yr
Available In
48 states
Min Premium
$25,000
Surrender
10 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| AB GAVL 5% ER Index | 2-Year | -- | 205% | -- |
| AB GAVL 5% ER Index | Annual | 10% | 100% | -- |
| BNP Paribas Global H-Factor Index | 2-Year | -- | 295% | -- |
| BNP Paribas Global H-Factor Index | Annual | 10% | 100% | -- |
| J.P. Morgan Cycle Index | 2-Year | -- | 245% | -- |
| J.P. Morgan Cycle Index | Annual | 10% | 100% | -- |
| S&P 500 Average Daily Risk Control 5% USD Excess Return Index | 2-Year | -- | 210% | -- |
| S&P 500 Average Daily Risk Control 5% USD Excess Return Index | Annual | 10% | 100% | -- |
| S&P 500 Index | 2-Year | -- | 60% | -- |
| S&P 500 Index | Annual | 6.25% | 100% | -- |
| Fixed Account | Daily | -- | -- | 3.45% |
Key Features
Lifetime Income Guarantee
3.5% to 4.5% annually (Guaranteed Income Solution); 4.05% to 7.65% annually (Bonus Income+ Rider)You can withdraw a guaranteed percentage of your Income Benefit Base for life, starting at any time with no waiting period.
Income Benefit Base Roll-Up
4.0% simple interest (free rider) or 8.0% simple interest (Bonus Income+ Rider, after 25% bonus)Your Income Benefit Base grows by a guaranteed percentage each year even if you don't withdraw, for up to 10 years.
Indexed Growth Potential
Multiple index options available; rates reset annuallyYour money can earn returns based on stock market index performance with annual caps and spreads — never losing principal if the index goes down.
Free Annual Withdrawal
10% annually at term beginning, non-cumulativeYou can withdraw up to 10% of your contract value each year without surrender charges.
Bonus Credit (Bonus Income+ Rider only)
25% of purchase paymentAn immediate 25% bonus is credited to your Income Benefit Base at issue, with no vesting schedule.
Market Value Adjustment
Applies only to excess withdrawals during surrender charge periodIf you withdraw more than your free amount during the surrender period, the adjustment protects both you and the company from interest rate changes.
Highlights
Guaranteed lifetime income withdrawals with no waiting period — you can start drawing income whenever you want
Choice of two powerful income riders: one free with 4% guaranteed roll-up, or the Bonus Income+ with 25% upfront bonus and 8% guaranteed roll-up
Downside protection: your money earns either fixed rates or indexed returns with built-in caps — you never lose principal to market losses
Flexible account allocation across up to 5 different indexes and fixed options, rebalanced annually
Joint life income option available to cover both spouses with guaranteed lifetime payments
Surrender Schedule
Yr 1
10%
Yr 2
10%
Yr 3
9%
Yr 4
8%
Yr 5
7%
Yr 6
6%
Yr 7
5%
Yr 8
4%
Yr 9
3%
Yr 10
2%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Retirees and pre-retirees age 45-85 seeking guaranteed lifetime income they can control, combined with growth potential and principal protection.
Consider Alternatives If
People who need access to their full balance within 10 years, those who cannot tolerate surrender charges, or those seeking emergency liquidity.
Carrier Ratings
Free Comparison Report
Get a personalized Peak® 10 illustration
See year-by-year projections for your specific age, premium, and income goals.
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