What is an annuity?

Nationwide annuities are designed to help you grow your retirement income. They’re long-term contracts from an insurance company where you invest your money. In return for your investment, you get income in the form of regular payments.

Types of annuities

There are several types of annuity products available to choose from. Whether you’re looking for income options, legacy planning tools or spousal protection, we are happy to tailor a plan to meet your specific goals.

Variable: There’s the potential for more earnings, but you also take on more risk

Registered Index-Linked: Exposure to downside risk is limited, and there is potential for increased earnings based in index growth.

Fixed: Your investment grows based on a guaranteed rate of return.

Immediate: Convert a lump sum of money into a stream of income.

Fixed indexed: The potential for increased earrings is based on index growth, but there’s still downside protection.

BenefitVariableRegistered index-linkedFixedImmediateFixed indexed
Guaranteed income for life for you
Guaranteed income for life for your spouse
Cost-of-living adjustments
Guaranteed minimum withdrawal benefits
Protection against market losses
Access to your funds, up to a specified limit
Potential to leave a legacy to heirs