Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Nationwide Adds Fixed Annuity

Your article was successfully shared with the contacts you provided.

An insurer has introduced a product designed for consumers who want flexibility and a pre-determined rate of return.

Nationwide Financial Services Inc., Columbus, Ohio, says its Nationwide Life Insurance Company unit has started selling the Nationwide Trio Select Plus Fixed Annuity contract.

The contract is an individual, deferred, fixed-interest annuity contract.

Purchasers can choose a guaranteed interest rate period of 1, 3 or 5 years and pay for the annuity with multiple deposits, Nationwide says.

The contract will offer higher earned interest rates for consumers who make larger purchases or make additional contributions to their accounts, Nationwide says.

Nationwide Life is responsible for backing the contract guarantees.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.