Platinum Edge
Nationwide Life Insurance Company
10%
Free W/D
47
States
Nationwide Platinum Edge is a fixed annuity that lets you lock in guaranteed interest rates over your chosen timeline while allowing flexible access to your money. It's designed for people who want safety and growth without market risk as they approach or enter retirement.
Free Withdrawal
10%/yr
Available In
47 states
Min Premium
$2,000
Surrender
10 years
Key Features
Multiple Guarantee Periods
3, 4, 5, 6, 7, 8, 9, or 10 yearsChoose from eight different interest rate periods ranging from 3 to 10 years; longer periods typically offer higher rates
Principal Protection
100% guaranteedYour initial investment and earned interest are guaranteed not to decrease as long as you don't withdraw during the guarantee period
Tax-Deferred Growth
100% tax deferralAll earnings grow tax-free, allowing compound interest to work longer without annual tax liability
Penalty-Free Withdrawal Access
10% annual access or specific waiversWithdraw up to 10% of your contract value per year without surrender charges; also includes waivers for nursing home confinement, death, or annuitization after 2 years
Income Options
Life, period certain, or joint survivor optionsAnnuitize your contract to receive guaranteed income for life, for a specific period, or jointly with a surviving spouse
No Annual Fees
$0 annual costNo administrative fees, management fees, or annual contract fees; only potential surrender charges apply if you withdraw above the free amount
Flexible Contributions
$10,000 initial (nonqualified) or $2,000 (IRA); $1,000 subsequentOpen with a minimum deposit and add money later with lower subsequent investment minimums
Probate Avoidance
Direct transfer to named beneficiaryName a beneficiary and bypass the probate process; assets transfer directly to your chosen beneficiary
Highlights
Choose from eight guaranteed interest rate periods (3-10 years) to match your timeline
Your principal and interest rates are fully guaranteed as long as you don't withdraw early
Access up to 10% of your contract value penalty-free each year for emergencies
Tax-deferred growth means your earnings compound without annual tax drag
Convert your savings into lifetime income whenever you're ready through annuitization
Surrender Schedule
Yr 1
5%
Yr 2
5%
Yr 3
4%
Yr 4
4%
Yr 5
3%
Yr 6
3%
Yr 7
2%
Yr 8
2%
Yr 9
1%
Yr 10
1%
After
0%
Nursing home waiver, RMD waiver
Best For
People nearing or in retirement who want guaranteed growth, principal protection, and the option to create lifetime income without market risk exposure.
Consider Alternatives If
Those who may need immediate access to all their money within the next few years, or investors seeking exposure to market growth and willing to accept volatility.
Carrier Ratings
Free Comparison Report
Get a personalized Platinum Edge illustration
See year-by-year projections for your specific age, premium, and income goals.
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