Simulation & Edit Mode
Active Product: Nationwide Life – Secure Growth (NY) (5- & 7-year terms)
Nationwide Life – Secure Growth (NY) (5- & 7-year terms)
About this product
Nationwide Secure Growth 5 (NY) and Secure Growth 7 (NY) are individual, single-purchase-payment deferred fixed annuities specifically designed for New York residents. These products offer guaranteed interest rates for either a five-year or seven-year period, safeguarding both principal and interest. They are structured to help conservative investors grow assets securely, with protection from market risk and tax-deferred accumulation. Upon contract maturity, investors can choose to renew, annuitize, or take a lump-sum distribution.
Important Disclaimer
The results displayed here are for simulation purposes only and do not represent financial advice or real-world values. Please consult a qualified financial professional before making any investment decisions.
Available Rates
| 5 Years | 4.80% |
| 7 Years | 4.35% |
Available Guarantee Periods
Rates based on investment amount $100,000.00
| $10,000.00 - $99,999.00 | 4.05% |
| $100,000.00 - $1,000,000.00 | 4.80% |
Features
| Maximum Issue Age | 85 years |
Growth Projection
How your money grows
Based on your issue age (55) and target payout age (62), the following guarantee period will be applied:
| Guarantee Period | 7 years |
| Rate | 4.35% |
| Age | 55 - 62 |
Summary
| Total years to payout | 30 |
| Total guarantee periods applied | 5 |
Lifetime Income Details
Payout Options
Additional Options
Actual payout options may vary by insurance carrier and specific products. Common alternatives include:
Life Income Only
Payments for the rest of your life, stopping upon death
Period Certain
Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
Life with Period Certain
Lifetime payments with a minimum guaranteed period
Joint Life
Payments continue for both you and your spouse's lifetimes
Systematic Withdrawal
Regular withdrawals of a specified amount or percentage