Are you looking for stable and steady growth and a guarantee against loss of principal? Then Nationwide Platinum V Plus may be the right choice for you. Platinum V Plus is a fixed annuity that offers an interest rate that isn't affected by stock market ups and downs.

What is a fixed annuity?

A fixed annuity lets you lock in a rate of earning that, even over long periods of time, remains unaffected by the ups and downs of the market. The principal investment and a specified interest rate are both guaranteed.

Key features of Nationwide Platinum V Plus

Initial interest-rate guarantee period is 5 years

Platinum V Plus gives you more than just steady growth. Platinum V Plus' step-up rate boosts your original interest rate by 0.15% each year through year five. In the sixth year, it starts all over again and you'll get a renewal base interest rate.

You can decide to keep your money in the contract at the new base rate or withdraw it free of contingent deferred sales charges (CDSC). Withdrawal requests must be received within the first 60 days of the 6th year. Withdrawals may be subject to tax. If taken before age 59½, a 10% early withdrawal federal tax penalty may apply.

Return of purchase payment guarantee
If you surrender the contract during the CDSC period, you get a return of principal (minus any gross withdrawals and applicable state premium taxes).

How does it work?

When you purchase a Nationwide Platinum V Plus annuity:

  • You’ll receive a base interest rate for the first year
  • That rate will increase 0.15% each year during years 2-5 (cumulative)
  • In the sixth year, you’ll receive a renewal base interest rate
  • You can decide to keep your money in the contract at the new base rate or withdraw it CDSC-free; withdrawal request must be received within the first 60 days of the sixth year; withdrawals may be subject to tax; if taken before age 59½, a 10% early withdrawal federal tax penalty may apply
  • If you keep your money in the contract, the base interest rate offered in the sixth year will increase 0.15% each year during years 7-10 (cumulative)
  • After year 10, you’ll receive yearly renewal interest rates guaranteed to not be less than 1%
 

Additional interest rates

If your initial purchase payment is equal to or greater than $100,000, an additional interest rate credit may be available. The additional interest rate credit is not a contractual agreement and is not guaranteed to be included within renewal rates declared in the future. See your financial advisor for more details.

Return of Purchase Payment Rider

This rider is standard on the Nationwide Platinum V Plus fixed annuity. During the CDSC period, you receive upon full surrender of the contract, a return of principal, less previous withdrawals and applicable state premium taxes. This rider reduces the interest rate credited to each purchase payment. If you waive the rider, your interest rates will increase by a minimum of 0.15%.

Nationwide Platinum V Plus resources

Make the most out of your fixed annuity.

Key facts | Fixed annuity 5-minute guide | Fees & charges

Nationwide Platinum V Plus FAQs

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Nationwide Platinum V Plus is an individual, single purchase payment, deferred, fixed annuity.
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Call 1-877-245-0761 (sales); 1-800-848-6331 (service)

Guarantees are subject to the claims-paying ability of the issuing company.

Contract/Certificate: ICC12-FACC-0105AOPP
Oklahoma Contract/Certificate: ICC12-FARR-0101AO, FARR-0101AO

Nationwide Platinum V is a service mark of Nationwide Mutual Insurance Company.