Nationwide Platinum V Plus

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The Nationwide Platinum V Plus is a 10-year CDSC, 10-year guarantee single-purchase fixed deferred annuity targeted at clients looking for guaranteed rates of return for a specified period of time. The annuity can be taken under two plan types, Non-qualified and Roth IRA. The ten year guarantee period is sub-divided into two 5-year guarantee period.

Nationwide Platinum V Plus Annuity Facts

Interest rate guarantee period

The base interest in year 1 will increase by 0.15% each year from year 2 through 5. The second period uses the base interest rate of the sixth year which increases by 0.15% in years seven through ten.

Issue age

With the Nationwide Platinum V Plus annuity, the issue age is 0-85 years for annuitants. Owners may be of any age.

Minimum initial investment

  • Minimum qualified payment- $5,000
  • Minimum non-qualified payment- $5,000

Free withdrawals

Annuitants can withdraw up to 10% of their account values on a non-accumulative basis without incurring withdrawal charges or MVA. However, withdrawals are subject to income tax and distributions prior to age 59.5 might be subject to a 10% penalty in tax. Above the free withdrawal amounts, a surrender charge (CDSC) will be applied. This will start at 6% for the first year afterwards reducing gradually to 1% in the last period.

Minimum withdrawals are restricted to $100.

Rider availability

The return of purchase payment rider comes standard on this annuity


Clients can annuitize their accounts after 2 years (1 year in Florida).

Death benefit

Upon the death of the annuitant, the benefit paid will be the contract value or the return of purchase payments, whichever will be the greater of the two. Spousal continuation is also available upon the annuitant’s death.


Terminal illness and nursing home waivers are available in all states but with market value adjustment. These may not be available in all states.

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