Following a recent rise in the sale of annuities through a fee-based platform,
As
Nationwide says the product is an individual, flexible-premium, deferred variable annuity with a guaranteed lifetime withdrawal benefit that provides clients with guaranteed retirement income. It does this in the form of a simplified, no-load variable annuity that allows advisors to construct individual fund portfolios for their clients with product and living benefit fees of just 1 percent.
Nationwide-sponsored research by
Nationwide says Income Architect is a comprehensive product that offers value to clients by way of lifetime income with the ability to cover a spouse; tax-deferred growth; and asset allocation with diversification.