Nationwide Lifetime Income Track^® Rider

Details

The Nationwide Lifetime Income Track living benefit is available at an additional cost and must be elected at the time the contract is issued.

Other highlights of the Track rider include:

• Guaranteed lifetime withdrawal benefit¹:
  • On each rider anniversary, the income benefit base may either be reset to the contract value, if it's greater than the current income benefit base, or remain the same if the current income benefit base is greater
  • Guaranteed lifetime withdrawal amount is calculated as a percentage of the income benefit base
  • Lifetime withdrawal percentage is based on a combination of your client's age and rider duration at the time of the first lifetime withdrawal
  • Non-Lifetime Withdrawal feature²: This feature is available after the rider's one-year anniversary and can only be exercised once; the client must be 59½ or older and the income benefit base will be reduced proportionally.
  • Early or excess withdrawals will reduce the income benefit base by the greater of dollar-for-dollar or proportionally
• A withdrawal table based on both the owner's age and rider duration

  Age	Lifetime withdrawal percentage (single)		Lifetime withdrawal percentage with Joint Option
  	Rider Age < 5 Years	Rider Age ≥ 5 Years	Rider Age < 5 Years	Rider Age ≥ 5 Years
  59 ½ - 64	4.00%	4.50%	3.75%	4.25%
  65 - 74	4.50%	5.00%	4.25%	4.75%
  75 - 80	5.00%	5.50%	4.75%	5.25%
  81+	5.50%	6.00%	5.25%	5.75%

• Financial professional fees: Financial professionals should be aware that, if Lifetime Income Track is elected, taking their fees from this contract could affect the guarantees of the rider.

Issued through age 85
Cost:

• Single life option: 0.80%, with a maximum³ of 1.50%. Cost is assessed annually on the Current Income Benefit Base.
• Joint option: 0.95%, with a maximum of 1.90%. Cost is assessed annually on the Current Income Benefit Base.
  • Income continues at the same level for the life of the surviving spouse, assuming no excess withdrawals are taken
  • Withdrawal percentage is based on the younger spouse's age
  • Available at contract issuance; not available for charitable remainder trusts (CRTs)
  • Electing the Joint Option will reduce payout rates - see previous chart for details.

¹ Excess, early and non-lifetime withdrawals may reduce or terminate the income benefit base; certain restrictions and limitations may apply.

² This option can only be exercised once, is not available in the first rider year and is available when the owner reaches 59½.

³ Maximum cost is the highest amount that may be charged in the future for this product. It is not the current cost.

Variable Annuities