Nationwide Peak 10
Nationwide is famous for its insurance products, one of which is Peak 10, an annuity with a 10-year term. For some, it seems like a long commitment, while others may see a growth opportunity in the money they set away for retirement.
In this review, we look at Nationwide Peak 10 advantages and disadvantages, its feed and charges, along with other important details. By the end of this article, you will be able 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)
A+ (Strong)
DBRS Morningstar
A (High)
Nationwide Peak 10 Highlights
-
10-Year Fixed Index Annuity
The Nationwide Peak 10 is a 10-year term annuity. -
Protection from Market Risk
Nationwide guarantees that your initial investment or credit earnings will not be lost if your indexes do not yield the desired results. This means that whichever amount you decide to invest, you will not be in the minus by the end of the annuity. -
Spouse Protection
Nationwide Peak 10 has a rider you can opt for if you want your spouse to be protected in case of an unforeseen event. The annuity’s death benefit can be paid to you or your spouse, regardless of who owns the contract. -
Growth Potential with Guarantees
Nationwide is renowned for offering growth potential with guarantees. When you invest in the Peak 10 annuity, you can grow your savings more effectively than with other fixed annuities.
With Peak 10, you have the flexibility to choose between indexed and fixed accounts, allowing you to invest in a stock market index or secure a 1-year guaranteed interest rate. -
Crises Waivers
Crises waivers have become a common addition to many annuities, Nationwide Peak 10 included. With this waiver, you can claim your money if you are diagnosed with a terminal illness or an injury. With a crisis waiver, you don’t lose your money to surrender charges and Market Value Adjustments (MVA).
Nationwide Summit Overview
🔔 Important Information
Annuity Term
10 years
Type of Annuity
Fixed Index
Interest
Depends on market conditions and the chosen index options
Premium Type
Single Premium
Maximum Issue Age
85 years
Withdrawal Charge Schedule
10%, 10%, 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 0%
Minimum Premium
$25,000
Maximum Premium
$1,000,000
Market Value Adjustment
Yes
Types of Funds
Nonqualified, traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, charitable remainder trust and 401(a)
Nationwide Peak 10 Historical Rate of Return
Fees and Charges
Investing in the Nationwide Peak 10 annuity means you need to commit to a 10-year contract. There are no fees or charges unless you have to pay for an early withdrawal penalty.
Index Options
Nationwide Peak 10 offers five different indexes, so there are plenty of options to choose from to diversify your portfolio. Nationwide allows its annuity holders to choose either one of the indexes or a combination of a few.
The AB Growth and Value Balanced IndexSM seeks to provide steady returns by rotating between growth and value stocks, managing bond durations to adjust for interest rate changes, and using diversification and volatility control to stabilize outcomes.
The BNP Paribas Global H-Factor® Index aims to reduce human bias by removing stocks more likely to lose value, resulting in lower volatility and more consistent returns through data-driven decisions.
The J.P. Morgan Cycle IndexSM looks to outperform the market by adjusting equity styles in line with the business cycle and rebalancing bonds based on current market trends, with a focus on domestic "smart beta" asset allocation.
The S&P 500® Index is a popular measure of the American economy, tracking the performance of 500 large publicly traded U.S. companies.
The S&P 500® Daily Risk Control Index provides exposure to the S&P 500 while maintaining a 5% volatility limit by adjusting asset allocation between stocks and cash, depending on market conditions.
Crediting Methods
The Nationwide Peak 10 has two crediting options that include:
- 1-year term: 1-year term is available for fixed and index cap crediting options.
- 2-year term: 2-year terms are only available for index participation crediting options.
Nationwide Peak 10 Surrender Schedule
Nationwide has a 10-year surrender charge period for the Peak 10 annuity. Here is a table of charges that will be applied if you decide to withdraw money earlier than stated in the contract.
*The interest rate may vary depending on the state.
Nationwide Peak 10 Key Features
Nationwide Peak 10 advantages for future retirees include:
Market Value Adjustments (MVA)
- If you end your contract or take out more than your allowed 10% withdrawal in a year before the surrender charge period ends, a Market Value Adjustment (MVA) might apply.
- If MVA is applied, the adjustment can either increase or decrease the amount you get, depending on how interest rates have changed since you bought the annuity.
Tax-Deferred Growth
- Nationwide Peak 10 is a tax-deferred annuity, meaning you don’t pay taxes on the gain until you take a withdrawal.
Nationwide Peak 10 Pros and Cons
- No extra charges
- RMD-friendly
- Death benefit and terminal illness waivers available
- Spouse protection
- Guaranteed Income Solution feature
- High minimum investment ($25,000)
- Long surrender charges
- Possible market value adjustments on withdrawals
- Single premium without the possibility to add more money later
Company Information
Company Name
Nationwide
Website
https://www.nationwide.com/
Phone Number
1-877-669-6877
A.M. Best Rating
A+ (Excellent)
S&P’s Best Rating
A+ (Strong)
About the Product
Product Name
Nationwide Peak 5
Product Type
Fixed Index Annuity
Product Information
The Nationwide Peak 10 is a 10-year fixed-indexed annuity offering five index options for potential growth. It provides a blend of security and flexibility with features like a guaranteed fixed account and protection from market downturns. Designed for long-term savings, it also includes limited free withdrawals and surrender charge periods.
Account Types
Nonqualified, traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, charitable remainder trust and 401(a)
Not Available In
N/A
Annuity Expert
Jeremiah Konger
PS - Here's 3 ways we can help you learn more about annuities.
1. Watch Videos on How to Identify The Highest Paying Protected Income & Growth Annuities.
2. Watch Videos That Reveal What to Look For When Buying A Protected Growth Annuity.
3. Click Here To Access Our Annuity Review Vault To Compare The Pro's and Con's of Dozens of Annuities.
Other Nationwide Annuity Products
Besides Nationwide Peak, Nationwide Insurance Company provides a full suite of other annuity products, including:
Assured Edge Income Builder
Assured Edge Income Builder is a fixed annuity from Corebridge Financial, offering guaranteed income and flexibility for retirement planning.
Power 5 Protector
The Power 5 Protector annuity is a fixed-indexed annuity. It allows you to earn interest based on a fixed rate or specific indices in exchange for your premiums.
Power 7 Protector
The Power 7 Protector offers a guaranteed income for life. The annuity also offers growth potential and protects your principal from market losses.
Final Word
The Nationwide Peak 10 annuity offers a balanced mix of growth potential and security, making it an appealing option for those seeking steady returns with some guarantees.
It provides flexibility with both indexed and fixed account options, allowing for diverse strategies based on your financial goals. However, like any financial product, it comes with limitations, such as the surrender charge period and withdrawal restrictions, which may not suit everyone.
Not sure if this annuity is the right choice for you? Take our Annuity Quiz to find out what better suits your financial needs!
Annuity Association is the leader in providing Independent Annuity recommendations for protected income, safe growth and other benefits in retirement.
Annuity Association
759 SW Federal Hwy Ste 200H
Stuart, FL 34994
Useful Links
About Annuity Associacion
© Copyrights 2025 by Annuity Association. All Rights Reseved.