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:
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 |