New Heights Select 12
Fixed Indexed Annuity
The New Heights Select 12 is a deferred fixed indexed annuity issued by Nationwide Life & Annuity Insurance Co.
Premium can be allocated between various strategy and index account options. For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356.
An income rider is available that provides the option of activating a guaranteed lifetime income stream at a future date. The income payments cannot be outlived and your contract does not need to be annuitized.
During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning in the second contract year, this annuity provides up to 7% (noncumulative) of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year.
This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.
Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.
Nationwide Life & Annuity Insurance Co is rated “A+” by A.M. Best, was founded in 1981, and has over $50.8 billion in total assets.
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Nov 1st, 2024
|
| Current | |
|---|---|
| Fixed Account First Year Yield: | N/A |
12 years
12 years
12 years
State variations may exist, refer to product disclosure for details.
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$25,000
|
$25,000
|
|
$2,000,000
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$2,000,000
|
|
75
|
75
|
|
60 days
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Yes
|
|
Accumulation Value
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Yes
|
|
None
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7%
|
|
No
|
Yes
|
See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.
Not available in: AK, CA, CT, DE, ID, IA, MN, MS, MO, MT, NV, NH, NJ, NY, OH, OK, OR, PA, RI, SC, TX, UT and WA (as of 04/01/2022)
For FL: Max Issue Age is 64
Not all index strategies may be available at all times or in all states.
Optional Riders: New Heights Select offers four optional riders that feature enhanced guarantees for an additional cost. Only one rider may be added to a contract, and the rider must be added at contract issue. Rider charges vary by product and rider type, and you must satisfy age requirements.
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