Nationwide Financial introduced a new product to help advisors with clients who want an income guarantee with the flexibility to adjust for unexpected financial needs that may arise: INCOME Promise Select, which the company touts as an upgrade to its INCOME Promise fixed immediate annuity product.
According to Nationwide, INCOME Promise Select features lump-sum cash refunds for beneficiaries of clients who do not outlive their principal investment; liquidity options that allow clients to make lump-sum withdrawals in the event of an emergency or need for extra cash; and highly competitive payout rates. Other features are a cost-of-living adjustment (COLA) option and a quote and illustration tool to help advisors demonstrate the benefits and features.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access