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Nationwide | Increased payout rates for all ages on the Bonus Income+ Rider

June 5, 2023

Guaranteed Lifetime retirement income just got even better

Now available: Increased payout rates on the Bonus Income+ Rider.

Combining the Nationwide Peak® 10 fixed indexed annuity with the Bonus Income+ Rider (for an additional cost) means you can now provide clients even more guaranteed income for retirement they can’t outlive, as well as:

  • An opportunity to outpace inflation
  • Protection against market risk

Take a look at this hypothetical example

Maria, who is 65 years old, purchases a $250,000 Nationwide Peak 10 fixed indexed annuity contract with the Bonus Income+ Rider. Let’s see how much more annual income she could receive based on our increased payout rates, depending on when lifetime income withdrawals begin.

At 70 years old with an income benefit base of $420,000

New single-life payout:

6.2%

Previous: 5.4%

New lifetime withdrawal amount:

$26,040

Previous: $22,680

Payout amount increased by

14.81% or $3,360

At 75 years old with an income benefit base of $540,000

New single-life payout:

6.75%

Previous: 5.95%
New lifetime withdrawal amount:

$36,450

Previous: $32,130
Payout amount increased by

13.45% or $4,320

The lifetime income scenarios depicted are a hypothetical model intended to demonstrate the differences in payouts over time. Payout percentages will vary for single-life versus joint contracts. The income scenarios above are purely hypothetical and shouldn’t be considered a representation of what you may receive. The hypothetical income values were calculated assuming growth of the income benefit base at the higher of the 8% simple interest roll-up rate on the initial purchase payment (with 20% bonus credit) for the first 10 years multiplied by the appropriate lifetime payout percentage, which changes depending on the age at which lifetime income payments begin. This example does not include a lock-in of the index(es), minimum income benefit value, rider charges, withdrawals, or excess withdrawals.

For more information, contact a Pinnacle Financial Services representative today

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

Contact a Pinnacle Representative if you have any questions.

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

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