Stable Income Annuity
Nationwide Life Insurance Company
10%
Free W/D
48
States
A fixed annuity designed for people ages 45-85 who want to convert a lump sum (minimum $25,000) into guaranteed lifetime income payments. It offers a fixed interest rate for 7 years, then annual renewals, with flexibility to access money for emergencies.
Free Withdrawal
10%/yr
Available In
48 states
Min Premium
$25,000
Surrender
7 years
Key Features
Initial Interest Rate Guarantee
7-year guarantee with 1% floor on renewalsYour interest rate is set and guaranteed for the first 7 years
Lifetime Income Rider
0.95% annual fee on contract value, assessed quarterlyConvert your contract value into guaranteed monthly or annual income payments that last your entire life
Free Annual Withdrawal
Up to 10% annuallyWithdraw up to 10% of your prior contract anniversary value each year penalty-free
Penalty Waivers
Available at no additional costWithdraw 100% penalty-free for nursing home confinement (90+ days), terminal illness, or required minimum distributions
Contingent Deferred Sales Charge
7% year 1, declining to 0% year 8+If you withdraw more than your free amount, surrender charges apply on a declining scale
Death Benefit
100% of contract valueYour beneficiaries receive your remaining contract value when you pass away
Minimum Purchase Payment
Minimum $25,000, no subsequent payments allowedAccounts are established with a single lump-sum investment
Issue Age Range
Ages 45-85 for both contract and income benefitAvailable to individuals within a specific age range
Highlights
Guaranteed lifetime income payments that never decrease, even if your account value reaches $0
7-year interest rate guarantee with 1% minimum floor on renewal rates after year 7
Flexible access to your money with 10% annual free withdrawals and penalty waivers for nursing home, terminal illness, and RMDs
Income payout increases the longer you wait to start—waiting 10 years can nearly double your annual income
Backed by a Fortune 100 mutual company with $322.3 billion in assets and strong financial ratings
Surrender Schedule
Yr 1
7%
Yr 2
6%
Yr 3
5%
Yr 4
4%
Yr 5
3%
Yr 6
2%
Yr 7
1%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Individuals ages 45-85 with at least $25,000 to invest who want predictable, guaranteed lifetime retirement income and can commit to a long-term investment.
Consider Alternatives If
People who need liquidity or flexibility in the short term, those uncomfortable with surrender charges in the first 7 years, or anyone who may need access to their full investment before retirement.
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