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fixed annuities

Fixed Indexed Annuity Details

New Heights Select 12

Product Name

New Heights Select 12

Annuity Type

Fixed Indexed Annuity

Issuing Insurance Company and Ratings

(2nd of 15 ratings)
(5th of 20 ratings)
(5th of 21 ratings)
Not Rated
(percentile of rated companies)

Product Information

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this annuity provides up to 7% (noncumulative) of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year.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 $44.4 billion in total assets.

Rate Details

Premium Amount: $25,000 - $2,000,000

Fixed Account First Year Yield: N/A

Initial Surrender Charge and MVA Periods

12 years

12 years

12 years

State variations may exist, refer to product disclosure for details.

Policy Details

Penalty Free Withdrawal Provisions

Death, Long Term Care and Terminal Illness

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

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.