Deferred Annuities

A deferred annuity is a long-term investment. With this annuity, you wait to start receiving the potential payout.

 Features of deferred annuities

• Deferred annuities can be purchased through payments over time or with a single payment.
• Annuities can be fixed or variable.
• Annuities are tax-deferred, so you don't pay taxes on any accumulated earnings until you withdraw your money. Only your earnings are taxed as ordinary income.
• Income options include a guaranteed payment for life or a specified period of time (Guarantees are subject to the claims-paying ability of the issuing insurance company. They don't apply to the investment performance or safety of the underlying investment options.)
• Options include death benefits
• Withdrawals before age 59½ are generally subject to a 10 percent federal income tax penalty as well as ordinary income taxes. Early withdrawals are subject to a surrender charge.

Next steps

Be sure to talk to your investment professional about how a deferred annuity may fit into your individual retirement plan.

Read this important information

Before deciding on a variable annuity, you should consider your needs and investment style as well as the investment objectives, risks and expenses of the annuity and its underlying investment options. To obtain this information, contact your investment professional and request a prospectus or click on one of the product names found on the variable annuity home page. Underlying fund prospectuses can be obtained from your investment professional or by contacting Nationwide. Read the prospectus carefully before you make a purchase.

Annuities are issued by Nationwide Life Insurance Company, or Nationwide Life and Annuity Insurance Company, Columbus, OH.

NFW-1508AO