NATIONWIDE PEAK® 10 FIXED INDEXED ANNUITY
Guaranteed Income Solution
The Guaranteed Income Solution is a built-in lifetime income withdrawal feature designed to provide a consistent retirement income your clients can count on.
When your clients need retirement income
The Guaranteed Income Solution can provide a steady stream of income that’s guaranteed for the rest of your client’s life — even if their contract value falls to $0. The income phase allows them to turn the growth of their contract or the Income Benefit Base into income by taking lifetime withdrawals
Simple interest roll-up rate on your original Income Benefit Base each year for the first 10 years or until your first withdrawal, whichever comes first.
Guaranteed lifetime income
that won’t decrease, even if your contract value goes to zero. Your income will be based on your age when you take your first-lifetime withdrawal.
How the built-in Guaranteed Income Solution works
The Guaranteed Income Solution is a lifetime income withdrawal feature designed to provide consistent retirement income you can count on. You’ll know the minimum amount you will receive, and it’s guaranteed for your lifetime.
The Guaranteed Income Solution is a built-in feature of the contract and is available at no additional cost for clients ages 50 or older at the time of purchase. It provides you with a guaranteed 4% simple interest roll-up (or increase) on your income benefit base each year for the first 10 years or until you take your first-lifetime withdrawal, whichever comes first. This means that in periods of weak market performance and low or no contract value growth, your income benefit base will still increase each year due to the regular increases of the roll-up value. During periods of strong market performance and contract value growth, your income benefit base will be set to the account value if it’s greater than the roll-up value. That means that on each anniversary, the income benefit base is greater than the contract value or the 8% guaranteed roll-up value.
* The illustrations used here contains hypothetical figures and do not represent actual results. Past performance is no guarantee of future performance or of values of indexed life insurance. Different time scenarios will produce varying results, which could be less or more favorable depending on the performance of each entity. Fixed indexed annuities are not stock market investments and do not directly participate in any stock or equity investments.
To learn more about the Guaranteed Income Solution and
how it can work for your clients please talk to your direct upline
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