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Nationwide Announces New Suite of In-Plan Annuities
Nationwide has introduced Nationwide Indexed Principal Protection, an in-plan group fixed indexed annuity, the first of a suite of in-plan annuities that are set to be launched over the course of 2021.
This new investment option can provide the potential for growth based on the return of a market index while also providing principal protection. Additionally, there are no investment minimums for participants wanting to allocate to this new option.
“Participants, especially those nearing retirement, are looking for ways to protect their investments given recent market volatility. At the same time, they realize they still need growth in order to outpace inflation,” says Eric Stevenson, president of Nationwide Retirement Plans. “Nationwide Indexed Principal Protection is one of the first fixed indexed annuities to be offered as an in-plan annuity that can help participants address both of these needs.”  ....

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