Product Information

  • Maximum issue age 85 years
  • Minimum investment: $10,000 nonqualified, $3,000 qualified
  • Longer time horizon
  • Clients seeking asset accumulation, guaranteed income solutions, optional death benefits and a shortened CDSC period
  • Liquidity option: Withdrawals permitted after 4 years with no contingent deferred sales charge (CDSC)
  • Tax deferral: A tax-deferred investment that may help clients create more retirement income
  • High-quality investments1: Access to a diversified lineup of over 100 variable subaccounts offered by a variety of well-known money managers
  • Standard death benefit: Return of premium; no additional cost
  • Nationwide Care Concierge: Offers professional and confidential guidance on a variety of complex health care, medical coverage and personal issues; available at no additional cost

Nationwide Lifetime Income Rider+SM Suite (Nationwide L.inc+SM): L.inc+ Core, L.inc+ Accelerated and L.inc+ Max

Cost:

  • Single life: 1.30% assessed annually on the income benefit base (maximum cost is 1.50%)
  • Joint option: Additional 0.30% assessed annually on the income benefit base (maximum cost is 0.40%)

Issue ages (some firms may have an age restriction):

  • 45 to 85 (New York: 50 to 85)

One-Year Enhanced Death Benefit (also known as the Highest Annual Anniversary Enhanced Death Benefit)
Cost is 0.20%; issued through age 80

One-Month Enhanced Death Benefit (also known as the Highest Monthly Enhanced Death Benefit)
Cost is 0.35%; issued through age 75

Combination Enhanced Death Benefit
Cost is 0.65%; issued through age 70

Beneficiary Protector® II
Cost is 0.35%; issued through age 75
Available on all death benefits at no additional cost:

Spousal Protection Death Benefit Feature: Provides a death benefit for both spouses, regardless of who passes away first, even on qualified money

Enhanced Surrender Value for Terminal Illness2: Owner-annuitants diagnosed with a terminal illness may exercise the option to receive their full death benefit value before passing away
Special feature:

4-Year L-Share Liquidity Option rider: Withdrawals permitted after 4 years with no contingent deferred sales charge (CDSC)
Cost is 0.50%
Maximum issue ages
  • Annuitant age 85
  • Owner may be any age
Minimum investment
  • $10,000 nonqualified; $3,000 qualified
  • $1,000 subsequent
  • $150 ACH (automated clearinghouse)
Plan types
  • Nonqualified
  • IRA
  • IRA rollover
  • Roth IRA
  • SEP IRA
  • SIMPLE IRA
  • 401(a) investment only
  • 401(k)
  • Charitable remainder trust
Charges and costs
  • Mortality and expense charge: 1.10%
  • Administrative charge: 0.20%
  • Maintenance charge: $30 annually (waived when contract value reaches $50,000 on any contract anniversary)
  • Contingent deferred sales charge (CDSC): 7%-7%-6%-5%-4%-3%-2%-0%
  • CDSC waivers: Terminal illness and long-term care (may not be available in all states)
  • CDSC-free withdrawal: The greater of 10% of purchase payments or the required minimum distribution, noncumulative

View the prospectus.

View the prospectus for New York.

Annual/Semiannual reports

Annuity buyer's guides

View New York Reg 187 Resources.

Investment Options

Nationwide Mutual Funds

As an investment manager, Nationwide Funds offers over 100 equity, fixed income and asset allocation mutual funds utilizing a subadvised investment model.These world-class fund managers must meet rigorous standards to become a Nationwide subadviser.Our diligent process involves both human interaction and robust quantitative analysis.

Our choice group of Nationwide subadvisers
Allianz American Funds BNY Mellon Columbia Double Line Federated Hermes Goldman Sachs JP Morgan Lazard Lord Abbett Nationwide Neuberger Berman Wells Fargo

Partner fund families

In 1982, we first introduced the concept of offering multiple funds from some of the nation's best-known fund families all in one customized package.And that was just the beginning.

With no proprietary restrictions, we now offer more than 100 investment options from known and respected brands, including these:

American Century Investments American Funds Blackrock BNY Mellon Columbia Thread needle Delaware Investments Dimensional DoubleLine Eaton Vance Federated Hermes Fidelity Investments Franklin Templeton Goldman Sachs Asset Management Invesco Ivy Investments Janus Henderson J.P. Morgan Assets Lazard Asset Management Lord Abbett MFS Investment Management Morgan Stanley Investment Management Nationwide Neuberger Berman Pimco Putnam T. Rowe Price vanEck logo Virtus Investment Partners Wells Fargo

The fund families shown above and Nationwide are not affiliated entities.

Illustrations and Forms

Client-Approved Materials

Financial Professional-Only Materials

THE OPPORTUNITY

No two clients have the same vision of retirement,
so you should have options to help meet their lifetime income needs.

A SOLUTION

That's why Nationwide created the Nationwide Lifetime Income Rider + Suite (L.inc+) to help you tailor your client's guaranteed lifetime income to fit their needs.

Available on all Nationwide Destination annuities at an additional cost, each L.inc+ rider features an annual step-up, one non-lifetime withdrawal and an Income Carryforward option.

[1] Morningstar Annuity Intelligence (2019).
[2] Available after the first contract year. When this option is exercised, Nationwide terminates the annuity and pays the owner an amount equal to the death benefit available on the date the form was presented in good order. On joint contracts, if the owner's spouse/co-annuitant is diagnosed with a terminal illness, the owner may also exercise this option. It might not be available in all states and is not available in New York.

Nationwide Destination, Nationwide Lifetime Income Rider Plus Suite, L.inc+, The Nationwide Lifetime Income Rider, Nationwide L.inc and Beneficiary Protector are service marks of Nationwide Mutual Insurance Company.

Nationwide Care Concierge is administered by Health Advocate. Nationwide is not affiliated with Health Advocate.

West's Health Advocate Solutions is the nation's leading health care advocacy and assistance company, serving more than 11,500 clients, including many of the nation's largest companies. HealthAdvocate.com.

When evaluating the purchase of a variable annuity, you should be aware that variable annuities are long-term investment vehicles designed for retirement purposes and will fluctuate in value; annuities have limitations; and investing involves market risk, including possible loss of principal.

A variable annuity is a contract you buy from an insurance company. It's designed to help accumulate assets to provide income for retirement. It will fluctuate in value based on the performance of the underlying investment options. You should also know that all guarantees and protections of a variable annuity are subject to the claims-paying ability of the issuing insurance company. They don't apply to the investment performance or safety of the underlying investment options. Underlying subaccounts are only available as investment options in variable insurance contracts issued by life insurance companies. They are not offered directly to the general public.

You may be charged a penalty if you take your money out early, if you're not yet 59½ (additional 10% tax penalty), or both. Variable annuities have fees and charges that include mortality and expense fees, administrative fees, contract fees and the expense of the underlying investment options.

Variable products are sold by prospectus. Carefully consider the investment objectives, risks, charges and expenses. The product and underlying fund prospectuses contain this and other important information. Investors should read them carefully before investing. To request a copy, go to nationwide.com/prospectus or call 1-800-848-6331.