Immediate Annuities

 Features of immediate annuities

• Immediate annuities are usually purchased with a lump-sum payment.
• Investments can be fixed or variable.
• Investments are tax-deferred, so you don't pay taxes on 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 subject to the claims-paying ability of the issuing insurance company and don’t apply to investment performance or the safety of the underlying investment options)
• Options include death benefits.
• Withdrawals before age 59½ are generally subject to a 10% 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 an immediate 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 the product name.  Read the prospectus carefully before you make a purchase.

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.