Nationwide New Heights Select 9

Nationwide New Heights Select 9

The Nationwide New Heights Select 9 annuity is a deferred fixed index annuity offered by Nationwide, a leading provider of various types of insurance products.

With a 9-year term, your investment has the potential to grow and assure a safe and financially secured retirement. If you have money to allocate for this period, this annuity may be the right choice for you.

In this article, you will learn all the important details about Nationwide New Heights Select 9 to make an informed decision.

About Nationwide

Nationwide didn’t originally begin as an annuity provider. Founded in 1925 as Farm Bureau Mutual, the company focused on small auto insurance packages. As it grew, the company expanded into property insurance, and a decade later, after acquiring the Life Insurance Company of America, it began offering life policies to farmers and union members.

With its expanding services, Farm Bureau Mutual rebranded to Nationwide, becoming a trusted name in various insurance policies. Today, Nationwide holds about 1.41% of the U.S. market, establishing itself as a reliable annuity provider you can count on.

Nationwide Rating

Rating Company

Rating

Moody’s

A1 (High Quality, Low Risk)

S & P

A.M. Best Rating

A+ (Strong)

DBRS Morningstar

A (High)

Nationwide New Heights Select 9 Highlights

9-Year Fixed Index Annuity
The Nationwide New Heights Select 9 annuity is a 9-year fixed indexed annuity.
Earning Potential
Your growth potential with Nationwide New Heights Select 9 is influenced by the performance of the indexes you choose in your strategy. This indexed annuity enables you to grow your earnings based on the strategy options you select. In fact, there are a total of 6 different indexes to choose from that we will discuss further in this article.

The New Heights Select 9 also includes features that track daily changes in your chosen strategies, giving you the flexibility to lock in index values at any point before the end of the strategy term.
Spouse Protection
One of Nationwide New Heights Select 9 advantages includes a joint option for you and your spouse. Your spouse can be added as a co-annuitant and can be eligible to receive a death benefit. Moreover, with spouse protection, a death benefit can be paid off to either of the spouses, ensuring financial security after an unfortunate event.
Terminal Illness and Injury Waivers
Despite the 9-year term, you can claim free withdrawals with Nationwide New Heights Select 9 in case an annuitant has a qualifying terminal illness or injury. If that happens after a year of having your annuity, the surrender charges will be waived.

Nationwide New Heights Select 9 Overview

🔔 Important Information

Annuity Term

9 years

Type of Annuity

Fixed Index

Interest

Depends on market conditions and the chosen index options

Premium Type

Single Premium

Maximum Issue Age

80 years

Withdrawal Charge Schedule

9%, 9%, 9%, 9%, 8%, 7%, 6%, 5%, 4%, 0%

Minimum Premium

$25,000

Maximum Premium

$2,000,000

Market Value Adjustment

Yes

Types of Funds

Traditional IRA, Roth IRA, Non-Qualified,
Charitable Remainder Trusts (CRT), SEP IRA, Simple IRA, and 401(a)

Nationwide New Heights Select 9 Historical Rate of Return

Fees and Charges

One of the Nationwide New Heights Select 9 benefits is that there are no charges or fees unless you withdraw more than the allowed amount.

Index Options

Nationwide New Heights Select 9 can help you diversify your investment portfolio with six different indexes:

The Goldman Sachs New Horizons Index splits investments between traditional global assets and alternative strategies to spread risk and potentially boost returns.

The J.P. Morgan Mozaic II℠ Index picks the top-performing global assets each month and adjusts your investments to create smoother, more reliable returns.

The NYSE® Zebra Edge® II Index chooses the best stocks from top U.S. companies, combines them with safe assets like government bonds, and aims for consistent growth with less risk.

The SG Macro Compass Index adjusts its investments based on global economic predictions, reallocating funds to keep pace with changing markets for steady growth and diversification.

The S&P 500® Index tracks the performance of 500 of the biggest U.S. companies, offering a snapshot of the overall U.S. economy.

The MSCI EAFE Index represents stocks from major developed countries outside the U.S. and Canada, providing a way to invest globally in developed markets.

Crediting Methods

Nationwide New Heights Select 9 utilizes the Balanced Allocation Strategy (BAS) to calculate your earnings. This approach combines various elements like indexes, declared rates, and strategies to determine your returns. With this annuity, you can choose up to ten different options to allocate at any point during the contract.

Nationwide New Heights Select 9 Surrender Schedule

Like other annuities, Nationwide New Heights Select 9 imposes surrender charges throughout the entire contract term. Below is a detailed breakdown of the penalties you may incur for each year:

*The interest rate may vary depending on the state.

The specific surrender charge percentages differ by state. In California, the charges begin at 8.15% and decrease annually. In other states like Alaska, Connecticut, Delaware, Iowa, and others, the rate starts at 9% in the first year, 8.9% in the second year, and continues to reduce each year.

Nationwide New Heights Select 9 Key Features

Nationwide New Heights Select 9 advantages include:

Protection from Market Risk

Nationwide ensures that your initial investment and any credited earnings are protected, even if the indexes you select underperform.

Deferral of Taxes

With Nationwide New Heights Select 9, your value will grow tax-deferred. Moreover, you can also delay paying taxes up until the moment you start taking withdrawals.

Lock-in Feature

You can lock in the value of your selected strategies at any point, ensuring that this value is used to calculate your earnings, even if the market changes later. This lock-in also protects your withdrawal amounts or death benefits.

Daily Accumulation Value (DAV)

The DAV keeps track of how your investments are doing every day and ensures that your account will always reflect either your strategy’s earnings or a guaranteed return on what you initially invested, whichever is greater.

Free Withdrawals

With the Nationwide New Heights Select 9, you will be able to withdraw a small portion of your funds before the end of your contract’s term. If you withdraw a permitted amount of money, you may be exempt from surrender charges and Market Value Adjustments.

Nationwide New Heights Select 9 Pros and Cons

Company Information