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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
August 22, 2005 at 08:00 PM
Nationwide Financial Services Inc. is offering its first indexed annuity.[@@]
Nationwide, Columbus, Ohio, says its new Nationwide Clear Horizon Index Annuity is designed to be simple for investors to understand.
Index annuities offer a minimum guaranteed interest rate combined with an interest rate linked to a market index. In Clear Horizon’s case, that is the S&P 500.
Mark Phelan, a senior vice president of Nationwide, says the product eliminates complicated calculations such as monthly averaging and participation rates to determine the interest to be paid.
Clients can choose to invest in the index account or put part of their investment in an account that earns an annual rate of interest. All gains are credited annually, up to a cap, and are locked each year so they’re guaranteed not to be lost, even if the index later falls, Nationwide says.
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