Available after the first contract year. When the option is exercised, Nationwide terminates the annuity and pays the owner an amount equal to the death benefit available if the owner had died on the date the form was presented in good order. Exercising this option prior to age 59½ may result in a 10 % federal tax penalty; earnings may be subject to income taxes. Not available in New York.
A variable annuity is a contract you purchase from an insurance company, designed for long-term investing. The values will fluctuate based on investment option performance. They have some limitations and you may be charged penalties if you take your money out early. Withdrawals may be subject to ordinary income taxes, and if you are under age 59 1/2, you may pay a 10% federal tax penalty also. Fees and charges can vary.
Variable products are sold by prospectus. Both the product prospectus and underlying fund prospectuses can be obtained from your investment professional or by writing to Nationwide Life Insurance Company. P.O. Box.182021 Columbus, OH 43218-2021. Before investing, carefully consider the fund's investment objectives, risks, charges, and expenses. The product prospectus and underlying fund prospectuses contain this and other important information. Read the prospectuses carefully before investing.
Guarantees and protections are subject to Nationwide Life Insurance Company's claims-paying ability. They don't apply to the investment performance or safety of the underlying investment options. Underlying subaccounts are only available as investment options in variable insurance contracts issued by life insurance companies. They are not offered directly to the general public.
Nationwide Destination, The Nationwide Lifetime Income Rider, Nationwide Lifetime Income Track and Lifetime Income Track are service marks of Nationwide Mutual Insurance Company.
Investment products offered are not FDIC-insured, may lose value, have no bank guarantee.
Contract number: ICC12-VACC-0101AOCV, ICC12-VARR-0101AO, ICC11-VAR-0146AO.1