The Nationwide Trio Select+ is a flexible-premium fixed deferred annuity. The annuity is targeted at clients looking for guaranteed rates of return and modest growth for a specified period of time. The annuity can be taken under various plan types, Non-qualified and Roth IRA, IRA, SEP IRA, Simple IRA and Charitable Remainder Trust. Clients can choose from guarantee periods of 1, 3, 5 or 7 years.
Nationwide Trio Select+ Annuity Features
Additional interest rates
Annuitants will receive additional interest rates on their premium payments as per the following schedule:
- $25,000-$99,999-Additional 0.15%
- $100,000-$499,999-Additional 0.25%
- $500,000 +-Additional 0.35%
Issue age
The issue age is 0-90 years for annuitants. Owners may be of any age.
Minimum initial investment
- Minimum IRA payment- $3,000
- Minimum non-qualified payment- $5,000
- Sub-payments-$500
Free withdrawals
For the Nationwide Trio Select+ product, annuitants can withdraw up to 10% of the contract value without charges. This will be available once on each contract year. The contingent deferred sales charge (surrender charge) schedule for amounts exceeding the 10% will be based on a five year declining charge.
Rider availability
The return of purchase payment rider is available with the annuity. The company however provides additional information that the rider is not a deposit, not FDIC insured, not guaranteed by the institution, not insured by a federal government agency and may lose value.
Annuitization
Annuitization distributions will not be subjected to the CDSC schedule.
Waivers
Annuitants will receive waivers on withdrawals made for nursing home confinement, terminal illness and long-term care.
