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Nationwide Launches New Heights Select Fixed Indexed Annuity
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Nationwide Launches New Heights Select FIA
Columbus, OH March 8, 2021 Nationwide has joined with product development partner Annexus, the premier independent designer of fixed indexed annuities, to announce the launch of Nationwide New Heights Select, built on the foundation of 2020’s #1 selling income FIA with a guaranteed roll up.
With the addition of multiple client-centric enhancements to Nationwide New Heights Select, the popular product suite continues to evolve to provide more choice and greater client value. These latest additions include two new indices, new bucketing capabilities for greater diversification, highly competitive accumulation opportunities and increased lifetime income payout percentages on one of the optional income riders.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Nationwide Launches the Nationwide Peak 10® Fixed Indexed Annuity with New Development and Distribution Partner AmeriLife®
January 22, 2021 GMT
(PRNewsfoto/AmeriLife)
COLUMBUS, Ohio, Jan. 22, 2021 /PRNewswire/ Nationwide, a financially strong and diversified, Fortune 100 insurance and financial services company, announces the launch of the Nationwide Peak 10® fixed indexed annuity. Peak 10 is the latest addition to Nationwide’s diverse product lineup, and its first annuity in partnership with AmeriLife, a national leader in developing and distributing annuities and retirement planning solutions.
“According to our latest Advisor Authority study, protecting against market losses due to COVID-19 is investors’ number-one financial concern, with protecting assets a close second, and managing volatility third,” said Eric Henderson, president, Nationwide Annuity, at Nationwide Finan
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Pension obligations are a major liability on many corporate balance sheets. Retirees are living longer than ever, sometimes claiming pension payments for decades. Advisors to pension plans may be called upon for suggestions of how to de-risk employer-sponsored benefit plans. Weighing available options is crucial.
One idea that’s gaining traction: annuities. In recent years, Lockheed Martin, FedEx, Raytheon, Alcoa and others have transferred billions of dollars worth of pension liabilities to insurance companies through group annuities and others are likely to follow suit.
Is such a move called a risk transfer good or bad for those companies’ balance sheets, their employees and their retirees? What should you advise your corporate clients who want or need to ease their pension liabilities? They don’t want to be left behind, but are annuities truly a good solution?
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