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Exploring the Power of the Nationwide Peak 10 Fixed Index Annuity:

Exploring the Power of the Nationwide Peak 10 Fixed Index Annuity:

Exploring the Power of the Nationwide Peak 10 Fixed Index Annuity:
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Securing a reliable retirement income is more important than ever in today’s volatile financial market. Understanding the various options available can make all the difference in ensuring a stable, comfortable retirement.  I’m passionate about equipping financial professionals with tools that deliver security and growth for their clients.

The Appeal of Nationwide Partnership

Partnering with a reputable company is critical when it comes to financial products. A Fortune 100 company, Nationwide is known for its robust business practices and trusted reputation. With over $123 billion in investments and recognition as a top annuity writer, Nationwide provides agents and clients with unparalleled reliability. Their commitment to fulfilling contractual obligations brings peace of mind, ensuring that clients’ retirement plans remain secure.

Why Choose Nationwide Peak 10 Fixed Index Annuity?

The Nationwide Peak 10 Fixed Index Annuity combines key benefits to help safeguard your client’s financial future:

  • Growth with Market Protection: This annuity offers growth potential without exposing investments to the risks of market downturns. Clients’ investments are protected no matter how the market fluctuates.
  • Lifetime Guaranteed Income: With the Peak 10, clients can enjoy a guaranteed income for life, ensuring they won’t outlive their savings.
  • Flexible Features for Clients: Tailored options such as single purchase payments and laddering across multiple annuities provide greater flexibility for diverse strategies.

Understanding the Product Details

Here’s a closer look at what sets this annuity apart:

  • Principal Protection with Upside Potential: The Peak 10 protects your principal while offering high caps and participation rates on indexes, ensuring clients benefit from market gains without the risk of losses.
  • Versatile Options: Clients can select from various indexes, such as the Value Balanced Index and JP Morgan Cyclical Index, to align with their goals.
  • Comprehensive Benefits: Features like joint annuitant options and spousal protection provide added security for clients and their families. 

Utilizing the Bonus Income Rider

One of the standout features of the Peak 10 is its bonus income rider:

  • Day-One Bonus and Interest: This rider includes a 20% bonus on the income benefit base, paired with an 8% simple interest growth for the first eight years or until income withdrawals begin.
  • Flexible Income Options: Clients can optimize their withdrawals based on their retirement timelines to maximize benefits.

How to Get Started

Agents looking to offer the Peak 10 product are encouraged to get appointed with Nationwide. Whether working with active cases or preparing for future inquiries, contracting with Nationwide positions you to help clients secure a stable retirement with guaranteed income solutions.

If you have questions or need personalized illustrations, feel free to reach out, we’re here to help. The Pinnacle Annuity team can be reached at 800-772-6881 x3302 or annuity@pfsinsurance.com

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Check out the video on YouTube:  https://youtu.be/0qKOepUKk50

For more information, contact a Pinnacle Financial Services representative today 1 (800) 772-6881 x7731 | sales@pfsinsurance.com
Greg Yodis

Greg Yodis

Senior Sales Director - Life, Annuity, & LTC

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881 support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

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4 Ways To Harness the Power of Life Insurance in Estate Planning

4 Ways To Harness the Power of Life Insurance in Estate Planning

4 Ways To Harness the Power of Life Insurance in Estate Planning
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While life insurance is commonly associated with providing financial protection for loved ones to cover final expenses, it can also serve as a valuable and versatile tool in estate planning. By understanding the various ways life insurance can be employed in estate plans, we can help our clients make informed decisions that align with their goals and objectives. Here are just four important ways life insurance can be used in retirement and estate planning:

1. Pay Estate Taxes

Estate taxes can pose a significant burden on the assets left behind. By incorporating life insurance into an estate plan, individuals can ensure that their beneficiaries have the necessary funds to cover these taxes.

In 2023, estates worth more than $12.92 million ($25.84 million for married couples) were subject to taxation of up to 40%. The tax bill is typically due within nine months of the estate owner’s death, which can create financial strain for heirs inheriting illiquid assets.

Life insurance proceeds can provide immediate liquidity, allowing heirs to address estate taxes without the need to sell assets at potentially below-market valuations.

2. Equalize Inheritance Distributions

In situations where there are multiple heirs and assets that are not easily divisible, life insurance can help equalize inheritance distributions.

A recent article from MassMutual highlights the example of a family business or valuable property that some heirs may wish to sell while others want to retain. By using life insurance, the heirs who wish to sell can be compensated with the death benefit proceeds, ensuring a fair and equitable distribution of assets. This approach helps preserve family harmony and the viability of the business or property.

3. Fund Irrevocable Trusts

Irrevocable trusts are commonly used in estate planning to protect assets and minimize estate taxes. Life insurance can be a powerful tool for funding these trusts.

By naming the trust as the beneficiary of a life insurance policy, the death benefit proceeds can be excluded from the estate, reducing potential estate tax liabilities. This strategy provides immediate liquidity to cover expenses or distributions outlined in the trust, ensuring that the intended beneficiaries receive their designated share.

4. Earmark Funds for Specific Purposes

Life insurance can also be used to earmark funds for specific purposes within an estate plan, like paying off divorce obligations or for child support.

By establishing a trust and designating the life insurance policy as the funding source, individuals can ensure that their financial obligations are met even after their passing. This approach provides a reliable source of funds and financial security for loved ones, alleviating potential financial burdens.

It’s crucial to have open and honest conversations with our clients about the benefits of incorporating life insurance into their estate planning. By understanding their unique circumstances and goals, we can help them make informed decisions that align with their needs. It’s important to emphasize that estate planning is a complex process, and consulting with an estate planning attorney is essential to ensure that the chosen strategies are appropriate and legally sound.

The Takeaways

Life insurance proceeds can provide immediate liquidity, allowing heirs to address estate taxes without the need to sell assets at potentially below-market valuations.

  1. By using life insurance, the heirs who wish to sell can be compensated with the death benefit proceeds, ensuring a fair and equitable distribution of assets.
  2. By naming an irrevocable trust as the beneficiary of a life insurance policy, the death benefit proceeds can be excluded from the estate, reducing potential estate tax liabilities.

Putting It Into Practice

Life insurance can be a powerful tool in estate planning, providing financial protection and flexibility for our clients and their beneficiaries. By educating ourselves and our clients about the various ways life insurance can be used, we can help them navigate the complexities of estate planning and achieve their goals.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Greg Yodis

Greg Yodis

Senior Sales Director | Life, Annuity, and LTC

x7105 | gyodis@pfsinsurance.com

 

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

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