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Nationwide Peak is a single-purchase-payment deferred fixed indexed annuity with features that help protect your money as you accumulate retirement savings. The minimum initial purchase amount is $25,000.

There are no annual contract or administration fees. But if you withdraw assets within the first 7 years of your contract, your principal may be reduced by fees known as contingent deferred sales charges (CDSC).1

Key features

Protection from market risk

You won’t lose any of your initial investment or credited earnings, regardless of how your underlying index or indexes perform.

Growth potential with guarantees

You have the potential for higher credited earnings than traditional fixed investments might offer.

Protection for a spouse

The death benefit can be paid to either surviving spouse, no matter who dies first, or who owns the contract.

Tax deferral

Your annuity value may grow tax-deferred.

Nationwide Peak fixed indexed annuity product guide

Accumulation and protection

As life expectancies increase and the responsibility for funding retirement shifts to the individual2, preparing for retirement is more important than ever.

Longer life expectancies

We’re living longer, so chances are good we’ll also spend more time in retirement. It’s important to think about how to fund those extra years.

A shift in responsibility

Pensions used to be a reliable source of retirement income, but the burden of funding retirement has overwhelmingly shifted to the individual.

Common influences on retirement investment decisions

Fears about the stock market and general financial stability are common. As a result, many people have been keeping their money in cash vehicles, like savings accounts, while they look for investments with guarantees.

What is a fixed indexed annuity?

A fixed indexed annuity offers returns based on the changes in an underlying index, such as the S&P 500® Composite Stock Price Index. Indexed annuity contracts also offer a specified minimum which the contract value will not fall below, regardless of index performance. A fixed indexed annuity isn’t a stock market investment, nor does it directly participate in any stock or equity investment. With the index account, your earnings are credited annually based on the performance of the underlying index or indices, up to a maximum amount referred to as a cap.3

Nationwide Peak offers two different accounts:
  • Fixed account
  • Index account

With the fixed account, the annual interest rate is credited daily.

What are my index account options?

With Nationwide Peak, you have the option of choosing from the S&P 500® Index, Morgan Stanley 3D index, J.P. Morgan Mozaic IISM Index, MSCI EAFE Index, or a combination of all four. This gives you the opportunity to further diversify your contract and your portfolio.

S&P 500 Index®

Widely recognized as the leading indicator of the performance of the American economy and one of the most commonly followed equity indexes, the S&P 500 has nearly 60 years of history and consists of 500 large cap, publicly traded companies.

J.P. Morgan Mozaic IISM Index

This index’s asset selection is based on the tendency for asset classes exhibiting positive recent returns to be more likely to continue to deliver performance. Each month the index evaluates 15 global asset classes and selects nine that with the greatest returns in the past six months. It then strategically allocates to each in order to smooth volatility within the index and create more consistent returns.4

Morgan Stanley 3D Index

Combines core asset classes and dynamic market indicators to leverage high growth opportunities while reducing performance swings. Utilizes diverse asset classes and dynamic indicators to help drive growth.

MSCI EAFE Index

Provides opportunity for exposure to a global mix of equities; recognized as the preeminent benchmark for developed markets outside North America, it represents equities in Europe, Australasia and the Far East.4

Read our side-by-side comparison of index account options

J.P. Morgan Mozaic IISM Index

Watch this short video to see how the J.P. Morgan Mozaic II℠ Index may help provide steady growth in a variety of markets.

J.P. Morgan Mozaic IISM Index client brochure

Nationwide Peak resources

Make the most out of your fixed indexed annuity.

Nationwide Peak product profile

Current rates for all states except CA, DE and NY

Current rates for CA and DE

Case study: Protection for you and your spouse

Case study: Help protect your standard of living in retirement

Nationwide Peak FAQs
Expand all
There are no annual contract or administration fees.

For the annuitant, 90 for single life and 85 for joint life. The owner may be any age.*

*Not all products have a joint life feature.
$25,000, qualified or nonqualified; single purchase payment.
Several are part of Nationwide Peak:
  • Nonqualified
  • IRA
  • Roth IRA
  • SEP IRA
  • Simple IRA
  • Charitable remainder trust
  • 401(a)
A 7-year Surrender Charge is applied to contract value: 9%, 8%, 7%, 6%, 5%, 0%.

If you’re the sole owner and annuitant, when you pass away a death benefit will be paid to the beneficiaries named in your contract. The death benefit will be equal to the account value.

A Joint Option is also available if the contract owner names a spouse as a co-annuitant. This feature allows a death benefit to be paid to either surviving spouse, no matter who passes away first or who owns the contract. The surviving spouse also has the option to continue the annuity contract at the death benefit value.

Any remaining CDSC or MVA would no longer apply to the contract. The death benefit will be equal to the contract value.
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[1] Contingent deferred sales charges: A fee you may be charged if you take money from your contract before a specified time. In CA, a CDSC is called a “surrender charge.”
[2] Income of the Aged Chartbook, 2014 Social Security Administration, Office of Research, Evaluation and Statistics (April 2016).
[3] Without capital gains and dividends.

[4] International investing involves risk such as currency, economic, geographical, political, and differences in accounting standards.

Annuities have limitations. They are long-term vehicles designed for retirement purposes. They are not intended to replace emergency funds, to be used as income for day-to-day expenses, or to fund short-term savings goals. Investing involves risk. A fixed indexed annuity is not a stock market investment and does not directly participate in any stock or equity investment. It may be appropriate for individuals who want guaranteed interest rates and the potential for lifetime income. Guarantees are subject to the claims-paying ability of the issuing insurance company. If you take withdrawals before you're age 59½, you may have to pay a 10% early withdrawal federal tax penalty in addition to ordinary income taxes. Withdrawals may trigger early surrender charges, reduce your death benefit and contract value.

The “S&P 500” is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Nationwide Life and Annuity Insurance Company (“Nationwide”). Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); DJIA®, The Dow®, Dow Jones® and Dow Jones Industrial Average are trademarks of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Nationwide. Nationwide Peak fixed indexed annuity is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500.

The J.P. Morgan Mosaic IISM Index (“Index”) has been licensed to Nationwide Life and Annuity Insurance Company (the “Licensee”) for the Licensee’s benefit. Neither the Licensee nor Nationwide Peak® Fixed Indexed Annuity (the “Product”) is sponsored, operated, endorsed, recommended, sold or promoted by J.P. Morgan Securities LLC (“JPMS”) or any of its affiliates (together and individually, “JPMorgan”). JPMorgan makes no representation and gives no warranty, express or implied, to contract owners taking exposure to the Product. Such persons should seek appropriate professional advice before making any investment. The Index has been designed and is compiled, calculated, maintained and sponsored by JPMS without regard to the Licensee, the Product or any contract owner. JPMorgan is under no obligation to continue compiling, calculating, maintaining or sponsoring the Index. JPMorgan may independently issue or sponsor other indices or products that are similar to and may compete with the Index and the Product. JPMorgan may also transact in assets referenced in the Index (or in financial instruments such as derivatives that reference those assets). These activities could have a positive or negative effect on the value of the Index and the Product.

The Morgan Stanley 3D Index (the “Index”) is the exclusive property of Morgan Stanley. Morgan Stanley is a service mark of Morgan Stanley and has been licensed for use for certain purposes by Nationwide Life and Annuity Insurance Company. Morgan Stanley will not have any obligation or liability to owners of the Product in connection with the administration or marketing of the Product, and neither Morgan Stanley nor any other party guarantees the accuracy and/ or the completeness of the Index or any data included therein. Morgan Stanley and its affiliates may engage in transactions involving components of the Index for their proprietary accounts and/ or for accounts of their clients, which may affect the value of such components and the level of the Index.

The product referred to herein is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such product or any index on which such product is based. The contract contains a more detailed description of the limited relationship MSCI has with Nationwide and any related funds.

Nationwide Peak is underwritten by Nationwide Life and Annuity Insurance Company, Columbus, Ohio 43215.

Nationwide Peak is a service mark of Nationwide Mutual Insurance Company.