It’s never too early to start planning for retirement. Selecting a strategy that works best involves assessing your goals, time horizon, and risk tolerance.
The Nationwide Secure Growth 5 is a single premium, multi-year guarantee annuity. An annuity is a long-term contract issued by an insurance company. In exchange for a premium payment, the insurance company agrees to make payments to you in the future.
This annuity provides an accumulation value that earns interest through a fixed account with a guaranteed interest rate that is set for a 3-, 5- or 7-year period. This annuity also provides several options for accessing funds.
The Nationwide Secure Growth 5 may be appropriate for individuals who:
Have a conservative risk tolerance and want to invest an inheritance or other lump sum.
Want to secure a fixed annuity payment but not immediate income?
30 days prior to the end of your contract term, you will have the option to choose from the following.
1. Withdrawal of any amount free of charges and fees. 2. If you do nothing, the contract renews for the same term at the rates available at that time. Renewal rates for guarantee periods will be based on current economic conditions and are guaranteed to be no less than the guaranteed minimum interest rate of 1.00%.
Pros of the Nationwide Secure Growth 5Year Fixed Annuity
Pays a guaranteed interest rate much higher than current CD Rates are paying.
Your interest grows tax-deferred meaning you do not pay taxes on your interest until you withdraw it from your annuity.
The death benefit is full account value and may avoid probate.
Liquidity options provide you the access to the money that you need.
Not available in: CA, NY, DE
Visit our online annuity marketplace to view and compare more 5 year fixed annuity rates. If you’d like an opportunity for more upside potential while maintaining principle protection you may want to consider a fixed index annuity.
Get a Nationwide Annuity Quote
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Nationwide is a Fortune 100 company that offers a full range of highly-ranked insurance and financial solutions.
In 2021, total investments increased to $130.8 billion, up from $125.5 billion in 2020. Net investment income of $5.3 billion in 2021 was up from $4.1 billion in 2020, driven primarily by alternative investments.
Nationwide Annuity Ratings
Nationwide is rated A+ by AM Best, A+ by Standard & Poor’s, A1 by Moody’s and has an 89 Comdex Score.
Rating Agency
Rating
A.M. Best Company (Best's Ratings, 15 Ratings)
A+ (2)
Superior. Assigned to companies that have, in our opinion, a superior ability to meet their ongoing obligations to policyholders.
Standard & Poor's (Financial Strength, 20 Ratings)
A+ (5)
An insurer rated 'A' has STRONG financial security characteristics, but is somewhat
more likely to be affected by adverse business conditions than are insurers with higher
ratings.
Fitch Ratings (Financial Strength, 21 Ratings)
A+ (5)
Strong. 'A' IFS ratings denote a low expectation of ceased or interrupted payments. They indicate strong capacity to meet policyholder and contract obligations. This capacity may, nonetheless, be more vulnerable to changes in circumstances or in economic conditions than is the case for higher ratings.
Weiss (Safety Rating, 16 Ratings)
B (5)
Good. The company offers good financial security and has the resources to deal with a variety of adverse economic conditions. It comfortably exceeds the minimum levels for all of our rating criteria, and is likely to remain healthy for the near future. However, in the event of a severe recession or major financial crisis, we feel that this assessment should be reviewed to make sure that the firm is still maintaining adequate financial strength.
Ranking (Percentile in Rated Companies)
89
The Comdex gives the average percentile ranking of this company in relation to all other companies that have been rated by the rating services. The Comdex Ranking is the percentage of companies that are rated lower than this company.
Editorial Disclosure: Our editorial team independently reviews and rates annuity products. We may earn commissions when you request a quote through our partner links. This content is for informational purposes only and does not constitute financial advice. Learn more.
Disclaimer: This content is for informational and educational purposes only. It does not constitute financial, tax, or legal advice. Annuity products vary by state and carrier. Always consult a licensed financial professional before making any financial decisions. My Annuity Store is an independent marketplace and does not provide investment advice.
My Annuity Store sources rate data from AnnuityRateWatch, which surveys MYGA and fixed annuity offerings from insurance carriers across all available terms (2–10 years). Rate data is refreshed daily to ensure accuracy.
To identify the best rates, we evaluate carriers on: credited interest rate, AM Best financial strength rating (A- or better only), minimum premium requirement, surrender charge schedule, and free withdrawal provisions. Only A-rated carriers are included in our comparisons.
Rates shown are not an offer or solicitation. Rate availability varies by state. Always verify current rates with a licensed insurance professional before purchasing an annuity product.
📊 Data: AnnuityRateWatch · A-rated carriers only · Updated daily
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