Important Changes to Nationwide New Heights

Keeping you current on Nationwide® fixed indexed annuities

Nationwide® strives to provide you with competitive products, while also ensuring we uphold our On Your Side® promise to clients. In light of recent economic conditions we need to make some adjustments to our Nationwide New Heights® fixed indexed annuities to maintain that balance of interests.

The overall pricing of fixed indexed annuities is often impacted by fixed interest rates, which have been persistently low for some time. We’ve refrained from making product changes over the last several months while continuing to monitor interest rates. Unfortunately, rates have remained at historic lows. In order to maintain overall value to clients, we must now make the following updates to rates & compensation on New Heights.

Updates to rates effective July 11
New Heights will change effective July 11, 2016

New Heights 9 rates applicable to:
MS, NJ, OH, OK, SC, TX
AK, CT, DE, MN, MO, NV, OR, PA, UT, WA
All other states

New Heights 12 rates applicable to:
AL, AR, AZ, CA, CO, DC, FL, GA, HI, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MT, NC, ND, NE, ND, NE, NH, NM, RI, SD, TN, VA, VT, WI, WV, WY

Please note that these changes may apply to the other New Heights products. To obtain the updates information for those New Heights rates and compensation schedules, please contact your CreativeOne sales consultant at 800.992.2642.

To receive the rates available prior to the July 11 change (current rates), paperwork and funds must be submitted in good order, according to the schedule below:

Step Required Completion Date
Application / TOA Signed Date 7/10/2016
Electronic Ticket Submit Date 7/10/2016
Application / TOA / Electronic Ticket Received Date 7/15/2016
New Money Received Date 8/10/2016
Transfer Money Received Date 8/10/2016
Last Date for Nationwide to Hold TOA Paperwork 8/10/2016

 

For contracts meeting the above requirements, Nationwide will systematically evaluate and compare the rates on the date the application was signed to rates on the contract issue date. The client will receive the more favorable of these two rates.1 Any applications signed on or after July 11 will receive the new strategy option rates.

Updates to compensation effective July 18 We will change the compensation on New Heights on July 18, 2016 and beyond. See the updated compensation rates:

New Heights 9
New Heights 12

Please note that these changes may apply to the other New Heights products. To obtain the updated information for those New Heights rates & compensation schedules, please contact your CreativeOne sales consultant. 

In order to receive the current compensation rates, paperwork and funds must be submitted in good order, according to the schedule below:

Step Required Completion Date
Application / TOA Signed Date 7/18/2016
Electronic Ticket Submit Date 7/18/2016
Application / TOA / Electronic Ticket Received Date 7/29/2016
Transfer Money Received Date 8/26/2016

 

FOR FINANCIAL PROFESSIONAL USE ONLY. NOT FOR USE WITH THE GENERAL PUBLIC.

CP-0802 – 2016/7/5

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