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Stable Income Annuity — Nationwide Life Insurance Company
Nationwide Life Insurance Company
Previously observed rate
2.6%
7-yr guarantee · 7-yr surrender schedule · $25,000+ premium
Previously observed rate; see the data notice and rate table below.
10%
Free W/D
48
Available jurisdictions
Rates as of October 23, 2026. CANNEX via AdvisorWorld; confirm rates and state availability before purchase.
Product analyzer
Run numbers for Stable Income Annuity
guaranteed rates, terms, state availability, surrender details, and contract facts stay scoped to this Nationwide Life Insurance Company product.
Live product data
Rates as of October 23, 2026, from AdvisorWorld and CANNEX.
7-year guaranteed rate
2.6% guaranteed for 7 years
A 7-year MYGA from A+-rated Nationwide with a wide free-withdrawal allowance and full nursing-home, terminal-illness, and RMD waivers — currently published with a single, well-below-market headline rate, suggesting a legacy or low-priority filing.
Best fit
Safety-first buyers who specifically value Nationwide's balance-sheet strength and are comfortable accepting a below-market rate as the cost of that strength on a 7-year lock-up.
Available guarantee terms
7 years
AM Best
A+ Superior
Surrender period
7 years
Free withdrawal
10%/yr
Lifetime Income Riders
Income rider
Guaranteed Withdrawal Benefit
Product analyst notes
How to think about this contract
Why it can stand out
- A.M. Best A+ from a top-tier national carrier with three-agency coverage (Moody's A1, S&P A+) — the strength view is triangulated rather than dependent on a single rating.
- Free-withdrawal allowance is wider than the standard at many MYGAs, providing meaningful penalty-free liquidity.
- Nursing-home, terminal-illness, and RMD surrender waivers built into the base contract — common life-event liquidity escape hatches included without an extra rider.
- Market Value Adjustment is in place — a structural piece that allows the contract to share favorable interest-rate moves with the holder under the right conditions.
What to confirm
- The currently-published headline rate on this contract is markedly below the rest of the MYGA market — this is a legacy filing being run off rather than a competitive open-rate product. Verify whether the contract is open to new business before serious consideration.
- Only a 7-year term is published — no 3- or 5-year options to choose from. Buyers wanting a shorter lock-up should look at Nationwide Secure Growth or a different carrier.
- Death benefit is contract value (CV) without a step-up — heirs receive the account value as of date of death rather than a guaranteed enhanced payout.
Not ideal for
Anyone shopping on yield (the published rate is materially below the MYGA market), or buyers needing shorter lock-up terms than the single 7-year option published on this contract.
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Guaranteed Rates by Term
| Term | Surrender term | Rate effective | Published rate |
|---|---|---|---|
| 7-Year | 7-Year schedule | Oct 5, 2026 | 2.6%Compound annual rate |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
3Nursing home waiver, RMD waiver, Terminal illness waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
7-Year Version
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
Carrier Ratings
Free Comparison Report
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See how Stable Income Annuity compares for your age, state, premium, and income goals alongside other Nationwide Life Insurance Company MYGA options.
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