Nationwide Annuity and Life Insurance Company is one of the most recognized financial brands in the United States, with an A+ (Superior) rating from AM Best and over $300 billion in total assets. Known for its competitive fixed index annuities and a growing MYGA presence, Nationwide serves clients across all 50 states.
This review covers Nationwide’s financial strength, annuity product lineup, and contact information.
Nationwide at a Glance
| Detail | Information |
|---|---|
| Full Legal Name | Nationwide Life and Annuity Insurance Company |
| Parent Company | Nationwide Mutual Insurance Company |
| Headquarters | Columbus, Ohio |
| Founded | 1926 |
| Company Structure | Mutual company (owned by policyholders) |
| AM Best Rating | A+ (Superior) |
| S&P Rating | A+ (Strong) |
| Moody’s Rating | A1 |
| Comdex Score | 93 out of 100 |
| Total Assets | $300+ billion |
| Products Offered | MYGAs, Fixed Index Annuities, Variable Annuities, SPIAs |
| States Available | All 50 states + D.C. |
| Minimum Premium | $10,000 (varies by product) |
Nationwide’s Financial Strength
Nationwide holds an A+ (Superior) rating from AM Best, the second-highest possible, along with matching strong ratings from S&P and Moody’s. As a mutual company, Nationwide is not publicly traded, which means management decisions focus on long-term policyholder security rather than quarterly earnings.
The company’s scale, $300+ billion in assets, nearly 100 years in operation, provides substantial backing for its annuity commitments. Nationwide consistently ranks among the top 10 annuity sellers in the United States.
What Types of Annuities Does Nationwide Offer?
- Multi-Year Guaranteed Annuities (MYGAs), The Nationwide Secure Growth fixed annuity offers competitive guaranteed rates for clients seeking simple, tax-deferred accumulation.
- Fixed Index Annuities (FIAs), Nationwide’s Peak series and New Heights products are among the most widely sold FIAs in the market, featuring index strategies tied to the S&P 500 with optional income riders.
- Single Premium Immediate Annuities (SPIAs), Guaranteed income starting within 30 days. Nationwide offers competitive payout rates for both single-life and joint-life income options.
Nationwide MYGA and Fixed Annuity Products
Nationwide Secure Growth
A multi-year guaranteed annuity available in various terms. Provides a fixed credited rate with tax-deferred growth. Free withdrawal provisions allow access to a portion of funds annually without surrender charges. Download the Secure Growth product brochure (PDF)
Nationwide’s MYGA products are sold through independent agents and may not appear in all public rate databases. For a current rate comparison, request a free quote from My Annuity Store.
Nationwide Current MYGA Rates
Rates below are pulled live from the AnnuityRateWatch database and reflect the most current available rates for qualified and non-qualified money. MVA (market value adjustment) applies to all Secure Growth products if surrendered before maturity.
Nationwide Secure Growth, Current MYGA Rates
Live rates from AnnuityRateWatch · Rates updated May 13, 2026
| Product | Term | Rate (APY) | Min Premium | Last Rate Change | |
|---|---|---|---|---|---|
|
Secure Growth 3 MVA
AM Best A+ |
3 Years | 4.1% | $100,000+ | May 1, 2026 | View Details → |
|
Secure Growth 3 MVA
AM Best A+ |
3 Years | 3.85% | $10,000+ | May 1, 2026 | View Details → |
|
Secure Growth 4 MVA
AM Best A+ |
4 Years | 3.9% | $100,000+ | May 1, 2026 | View Details → |
|
Secure Growth 4 MVA
AM Best A+ |
4 Years | 3.6% | $10,000+ | May 1, 2026 | View Details → |
|
Secure Growth 5 MVA
AM Best A+ |
5 Years | 5.2% | $100,000+ | May 1, 2026 | View Details → |
|
Secure Growth 5 MVA
AM Best A+ |
5 Years | 4.45% | $10,000+ | May 1, 2026 | View Details → |
|
Secure Growth 7 MVA
AM Best A+ |
7 Years | 4.7% | $100,000+ | May 1, 2026 | View Details → |
|
Secure Growth 7 MVA
AM Best A+ |
7 Years | 4.45% | $10,000+ | May 1, 2026 | View Details → |
Rates apply to standard products. State availability varies. Not an offer or solicitation. Always verify current rates before purchasing.
Nationwide Fixed Index Annuity Products
Nationwide Peak 10
A 10-year FIA with multiple index crediting strategies, including the S&P 500 point-to-point with a cap, as well as a fixed account option. The Peak 10 is one of Nationwide’s most popular products for income-focused clients. Read our full Nationwide Peak 10 review or download the brochure (PDF).
Nationwide Platinum Edge
A flexible FIA with enhanced crediting strategies and an optional guaranteed income rider. Designed for clients seeking a balance of growth potential and income protection in retirement. Download the Platinum Edge brochure (PDF).
Nationwide New Heights 10
The New Heights 10 is a 10-year accumulation-focused FIA designed for clients who want strong index participation without paying for an income rider. Key features:
- Competitive S&P 500 point-to-point cap rate with annual reset
- Multiple index options including proprietary Nationwide indices and a fixed interest account
- No explicit annual fee on the base contract – carrier margin is built into the cap and participation rates
- 0% floor: account value cannot fall due to index losses, regardless of how far markets drop
- Optional lifetime income rider available for an additional annual charge (typically 0.95% to 1.20%)
- 10% annual free withdrawal available starting in year 1
Nationwide New Heights 12
A 12-year version of the New Heights designed for clients in their mid-50s who want a longer index-linked accumulation runway before converting to income. The extended surrender period typically unlocks higher cap rates and participation rates than the 10-year version. The New Heights 12 is one of Nationwide’s top choices for clients building a deferred income strategy over a decade or more.
Who Is Nationwide Best For?
- FIA buyers who want a top-brand carrier with a widely respected, competitive product lineup. The Peak series consistently ranks among the most sold FIAs nationally.
- Income-focused retirees who want a lifetime withdrawal benefit paired with an A+ rated carrier and strong brand recognition.
- Conservative accumulators looking for a guaranteed fixed rate from a mutual company with 100 years of history.
- Clients in all 50 states, Nationwide’s broad distribution and state approvals make it one of the most universally accessible carriers.
Nationwide Annuity Pros and Cons
Strengths
- A+ AM Best, A+ S&P, A1 Moody’s – elite triple-A-tier financial strength
- COMDEX score of 93 out of 100 – top 7% of all rated U.S. carriers
- Mutual company structure – no shareholder pressure on pricing or product design
- Nearly 100 years in operation with $300+ billion in total assets
- Consistently top-5 nationally in FIA sales volume
- Available in all 50 states and D.C.
- 10% annual free withdrawal available across most products from year 1
Limitations
- Secure Growth MYGAs include a market value adjustment (MVA) – early surrender value can be lower than account value in rising rate environments
- MYGA rates are competitive but not always the highest in the market for each term
- Several products not available in California or New York
- FIA cap rates are solid but occasionally trail smaller specialty carriers for raw accumulation
- Sold exclusively through independent agents – not available direct to consumer online
Contact Nationwide Annuity
| Contact Method | Details |
|---|---|
| Website | www.nationwide.com |
| Customer Service | 1-800-321-6064 |
| Mailing Address | Nationwide Life and Annuity Insurance Company One Nationwide Plaza Columbus, OH 43215 |
| Hours | Monday–Friday, 8 a.m.–8 p.m. ET |
Compare Nationwide Against Other Carriers: My Annuity Store compares Nationwide side-by-side with Athene, MassMutual, and 20+ other top carriers. Get a free no-obligation quote or call 855-583-1104.
Frequently Asked Questions: Nationwide Annuities
Is Nationwide a good annuity company?
What is the Nationwide Secure Growth annuity?
What does MVA mean on a Nationwide annuity?
How does the Nationwide Peak 10 annuity work?
Can I lose money in a Nationwide annuity?
Further Reading: Annuity Comparisons
Compare Nationwide against the broader annuity landscape:
- The Drawbacks of Fixed Index Annuities, What to watch for when evaluating any FIA carrier, Nationwide included.
- 20 Highest Bonus Annuity Rates, How Nationwide’s bonus annuity products compare to the rest of the field.
- TruStage (CUNA Mutual) Annuity Review, Another mid-size carrier worth comparing to Nationwide for fixed annuity shoppers.
Related: FIA Sales Leaders: Complete Indexed Annuity Market Data (2015-2025)
