Nationwide Secure Growth 5 & 7 ROP (NY)
About this product
Nationwide Secure Growth 5 ROP (NY) and 7 ROP (NY) are New York‑specific, single‑purchase‑payment deferred fixed annuities with a Return of Purchase Payment Guarantee. These annuities provide conservative investors with tax‑deferred growth, a fixed interest rate for 5 or 7 years, and a guarantee to return the full premium—minus any withdrawals and applicable state taxes—if surrendered during the CDSC period. The NY versions adhere to state regulations, including a higher minimum guaranteed rate and a lower maximum issue age.
Available Rates
Rates are based on current simulation settings with premium amount $100,000.00
| 5 Years | 4.10% |
| 7 Years | 4.15% |
Available Guarantee Periods
Rates are based on current simulation settings with premium amount $100,000.00
| $10,000.00 - $99,999.00 | 3.85% |
| $100,000.00 - $1,000,000.00 | 4.1% |
| Features | |
| Maximum Issue Age | 90 years |
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