Nationwide Adds an Annuity With 2 Buffer Choices

July 25, 2023 by Allison Bell

Nationwide has confirmed that it likes the registered index-linked annuity market by adding a second RILA contract.

The Columbus, Ohio-based insurer introduced the Nationwide Defender Annuity contract Monday.

The product is registered with the Securities and Exchange Commission as a variable annuity, with the investment option menu mostly powered by investment market indexes, and offers a holder the ability to use a buffer to pass either 10% or 20% of investment market-related value losses on to Nationwide.

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Originally Posted at ThinkAdvsior on July 18, 2023 by Allison Bell.