Nationwide Peak 10 Fixed Indexed Annuity – Bonus Income, Roll-Up Growth, and Retirement Flexibility
A Strong Foundation for Income and Growth
At Diversified Insurance Brokers, we specialize in helping individuals secure guaranteed lifetime income, tax-deferred growth, and market protection through the right annuity solutions. The Nationwide Peak 10 Fixed Indexed Annuity, issued by Nationwide Life and Annuity Insurance Company, is designed to deliver long-term retirement security, flexible withdrawals, and enhanced income features that can support both individuals and couples.
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20% Bonus Credit to Boost Your Income Base
The standout feature of the Nationwide Peak 10 is the Bonus Income+ Rider, which automatically applies a 20% bonus to your Income Benefit Base on day one. This creates a stronger starting point for future lifetime income—even before any interest crediting strategies are applied.
8% Simple Interest Roll-Up for 10 Years
Your Income Benefit Base grows at a guaranteed 8% simple interest annually for up to 10 years, or until you begin taking income. This roll-up enhances your future payout potential and provides peace of mind even during low-performing market years.
Penalty-Free Withdrawals and Flexibility
After the first year, the contract allows penalty-free withdrawals of up to 10% annually, offering you flexibility to access your funds without disrupting your long-term strategy. This is especially valuable for covering healthcare needs, emergencies, or supplementing other income sources.
Joint Option for Spousal Security
For couples, the Joint Income Option allows you to structure your annuity so that income continues for the surviving spouse—protecting both parties throughout retirement. The surviving spouse also benefits from any remaining guarantees under the rider.
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Why Choose Diversified Insurance Brokers?
The Nationwide Peak 10 Fixed Indexed Annuity is ideal for those seeking strong income guarantees, growth potential, and joint income planning. At Diversified Insurance Brokers, we work with over 75 top-rated carriers to help you select the annuity that aligns with your goals. Whether you’re building income for one or two lives, our advisors will help you structure a strategy that brings peace of mind and long-term protection.
Let’s secure your retirement with the right annuity—together.
Talk to an Advisor or Request Your Annuity Quote
Ready to explore this annuity in more detail—or compare it with other carriers to see if even higher rates are available? With guaranteed income, principal protection, and long-term growth potential on the line, making the right choice is essential. The experienced advisors at Diversified Insurance Brokers will guide you through the options and design a strategy tailored to your retirement goals.
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FAQs: Nationwide Peak 10 Annuity
What is the Nationwide Peak 10 Annuity?
The Nationwide Peak 10 Annuity is a 10-year fixed indexed annuity designed to help you grow savings with principal protection and the potential for index-linked interest crediting, while also offering flexibility around income or liquidity depending on contract terms.
How does interest or index crediting work?
Your premium can be credited under a fixed-interest option or one or more index-linked strategies. If you choose the index-linked route, interest credits are determined based on index performance, often using caps, participation rates, or spreads. Your money isn’t directly invested in the stock market.
Is my principal protected from market losses?
Yes. As a fixed indexed annuity, Peak 10 protects the accumulation value (principal + credited interest) from market downturns — negative index performance alone won’t reduce the contract value, though withdrawals or surrender actions may affect guarantees.
What happens after the 10-year period?
At the end of the 10-year term, you can choose to take your funds, withdraw under contract terms, or possibly convert into an income stream (via income rider or payout option), depending on the product version and the features selected.
Can I access funds before the 10-year maturity?
Most contracts allow an annual free-withdrawal (typically a fixed percentage of account value) after the first contract year without surrender charges. However, withdrawals beyond that allowance or a full surrender during the surrender period can trigger surrender charges, reduce credited interest or income benefits, or affect guarantees.
Does Peak 10 offer lifetime income or payout options?
Yes. Some versions of Peak 10 may offer optional riders or payout features that allow you to convert your accumulated value into a guaranteed income stream — either immediately after the term or when you choose to begin income payments.
How are withdrawals or income payments taxed?
Earnings grow tax-deferred while the annuity is active. When you take withdrawals or income payments, the taxable portion is typically taxed as ordinary income. Early withdrawals (before age 59½) may also be subject to additional tax penalties under IRS rules.
What happens if I pass away before or after income begins?
Depending on contract terms and payout options, a death benefit may be payable to your beneficiaries—either the current accumulation value or a guaranteed minimum. If income payments have begun, certain payout options (like joint-life or period-certain) may allow continuation for a surviving spouse or beneficiary.
Who is the Peak 10 annuity best suited for?
This annuity may suit individuals who want to balance principal protection with moderate growth potential, who have a 10-year horizon, and who value the option of converting savings into retirement income or withdrawing at maturity.
What should I consider before purchasing?
Before buying, carefully review the surrender-charge schedule, withdrawal limitations, crediting method (fixed vs index), and whether the contract’s income and payout options align with your retirement plans and liquidity needs.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
