Product Information
Company name: Nationwide
Production date:
Production score: 91.00
Product type: wlti
Income base annual return: 7.00
Income base bonus: 10.00
Surrender period: 9
Product rider fee: 1.10
Product payout ratio: 4.51
Free Withdrawal: 7.00
Index A J.P. Morgan Mozaic II
Recent 10 years return on base:
7.00
Recent 10 years return value:
0.68
Best 10 years return on value:
1.62
Best 10 years return on value:
1.62
Worst 10 years return on value:
0.50
Index B S&P 500
Recent 10 years return on base:
7.00
Recent 10 years return value:
0.75
Best 10 years return on value:
3.03
Best 10 years return on value:
3.03
Worst 10 years return on value:
-0.28
Product notes Return on value based on 12 years rather than 10 years
Product notes for rider:
The high point income benefit base is used to calculate the maximum lifetime income benefit payment and the rider charge. The high point income benefit base cannot be surrendered as a lump sum and is not payable as a death benefit. The highpoint income benefit base is the greater of the highest BAV and the minimum income benefit value. Highest BAV At issue, the Highest BAV is equal to the purchase payment plus purchase payment bonus (if applicable). Each day thereafter, until the annuity commencement date, Nationwide will automatically compare that day’s BAV with the highest BAV on the previous day (adjusted for any withdrawals). Minimum Income Benefit Value At issue, the minimum income benefit value is equal to the purchase payment plus minimum income benefit value bonus (if applicable). Each day thereafter until the earlier of the 10th contract anniversary or the date the lifetime income payments begin, the minimum income benefit value is increased at a daily equivalent rate of 7% per year.
Product notes for base:
Each day thereafter until the earlier of the 10th contract anniversary or the date the lifetime income payments begin, the minimum income benefit value is increased at a daily equivalent rate of 7% per year.
Product notes payout ratio:
For 47, 3.69% at 50; 3.71% at 51; 3.74% at 52; 3.76% at 53; 3.79% at 54; 3.82% at 55; 3.85% at 56; 3.87% at 57; 3.97% at 58; 4.08% at 59; 4.18% at 60; 4.4% at 61; 4.61% at 62; 5.04% at 64; 5.47% at 66; 5.91% at 68; 6.34% at 70; 6.77% at 72… Source: Illustration