Variable Immediate Annuity

Variable immediate annuity features

With an immediate annuity, you begin receiving income payments immediately. Immediate annuities are usually purchased with a lump-sum payment.

Variable deferred annuity features

Some of the advantages of variable deferred annuities include:

Tax-deferred growth potential in the accumulation phase (Earnings are taxed as ordinary income when withdrawn. There may be a 10% federal tax penalty on withdrawals before age 59½. Naturally, your death benefit and the cash value of the annuity contract will be reduced if you take any early withdrawals.)
Death benefits for your beneficiaries
Tax-free/penalty-free transfers among underlying investment options
A variety of payout options, including systematic withdrawals and annuitization (You may face surrender charges if you withdraw your money early.)

Read this important informationKeep in mind that investing involves market risk and your investment return, principal value and periodic payments will fluctuate over time. You could end up with more or less than the amount you invested.An annuity is a long-term, tax-deferred investment designed for retirement. It will fluctuate in value. It allows you to create a fixed or variable stream of income through a process called annuitization. It provides a variable rate of return based on the performance of the underlying investments. An annuity isn’t intended to replace emergency funds or to fund short-term savings goal.You should also know that an annuity contains guarantees and protections that are subject to the issuing insurance company’s ability to pay for them. But these guarantees don’t apply to any variable accounts that are subject to investment risk, including possible loss of your principal.

An annuity is a contract between you and an insurance company, and it’s sold by prospectus. You should read these documents. They describe risk factors, fees and charges that may apply to you. Variable annuities have fees and charges that include mortality and expense, administrative fees, contract fees and the expense of the underlying investment options.

Neither Nationwide nor our representatives give legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions.

Investment products offered are not FDIC-insured, may lose value, have no bank guarantee.

Annuities issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.

Before you invest, please read the prospectus carefully and consider the investment objectives, risks, charges and expenses of the annuity and its underlying investment options before you invest. Prospectuses for products and underlying funds contain this and other important information. To obtain prospectuses, call your investment professional, contact Nationwide or click links to product information below.

Variable immediate annuity features

Variable deferred annuity features

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