Balanced Allocation Strategy Changes
Effective June 1, 2014 Nationwide will be making changes to the Balanced Allocation Strategy (BAS) for any new issued New Heights Fixed Indexed Annuity contracts. For some BAS options the Strategy Spread is being increased, and for other BAS options the Equity Indexed Allocation is being decreased.
Ratelock Procedures for New Heights
In order to receive the currently offered BAS attributes (those in effect prior to June 1, 2014) an application and all associated forms must be signed prior to June 1, 2014. Money must also be received within 30 calendar days.
The day the application is signed counts as the first business day. Any application signed on or after June 1, 2014will receive the new BAS attributes.
New Heights Illustration Tool
The New Heights illustration tool will be updated June 1, 2014.
Updated Rate Sheets
Links to the updated New Heights rate sheets are included below. The updates include rate changes and state approvals. These states and rate sheets will be effective June 1.
Applicable to AL, AR, AZ, CO, DC, FL, GA, HI, IA, ID, IN, KS, KY, LA, MA, MD, ME, MI, MS, MT, NE, NH, NM, OK, RI, SD, TN, VT, WI, WV
Applicable to CT, DE, OH
Applicable to NJ, SC, TX
|For Registered Representatives, Nationwide New Heights℠ is available through your Broker Dealer. Please consult with your Broker Dealer for product and state availability.|
|Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the institution
Not insured by any federal government agency • May lose value
|Annuities are underwritten by Nationwide Life Insurance Company and Nationwide Life and Annuity Insurance Company, Columbus, Ohio 43215, members of Nationwide Financial. All guarantees and protections are subject to the claims-paying ability of Nationwide Life and Annuity Insurance Company.|
|The Nationwide New Heights℠ Fixed Indexed Annuity, an individual, single purchase payment, deferred fixed indexed annuity is issued by Nationwide Life and Annuity Insurance Company, Columbus, Ohio, a member of Nationwide Financial.|
|Nationwide New Heights, Nationwide Financial and the Nationwide framemark are service marks of Nationwide Mutual Insurance Company.|
|©2014 Nationwide Financial Services, Inc. All rights reserved.|