Nationwide New Heights® Select 12
Annuities · Nationwide Life and Annuity Insurance Company
A 12-year fixed indexed annuity that protects your principal from market losses while giving you a share of index gains.
Highlights
- 12-year surrender charge period, $25,000 minimum purchase payment
- Principal and credited interest protected from index losses
- Choose from indexes including the S&P 500®, Nasdaq-100 Volatility Control 10% and Goldman Sachs New Horizons
- No annual contract or administrative fees
- Optional High Point 365® Select Lifetime Income Rider and Enhanced Death Benefit Rider, for an added cost
- Available for nonqualified money, IRAs and Roth IRAs; annuitant issue ages up to 75
New Heights Select 12 is a single-premium deferred fixed indexed annuity. Your money is never exposed to index losses: in a down year your value is protected, and in an up year interest is credited based on the index strategies you choose. It can be used for personal savings or an IRA rollover, and optional riders can add guaranteed lifetime income or a larger death benefit.
| Contract year | Charge |
|---|---|
| 1–5 | 10% |
| 6 | 9.5% |
| 7 | 9% |
| 8 | 8% |
| 9 | 7% |
| 10 | 6% |
| 11 | 5% |
| 12 | 4% |
| 13 and later | 0% |
Schedule may vary by state, and a market value adjustment may apply to early withdrawals. Current caps and participation rates are published by Nationwide on its rate sheet and change periodically; ask your advisor for today's rates. Figures as of October 23, 2026. Source: Nationwide product page and product profile.
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Fixed indexed annuities are insurance contracts, not investments in the stock market or in any index. They do not directly participate in any stock or equity investments, and index returns do not include dividends. Crediting rates, caps and participation rates can change for each new strategy term.
Withdrawals during the surrender charge period may be subject to surrender charges and a market value adjustment, which can reduce your contract value. Withdrawals are taxable as ordinary income, and withdrawals before age 59½ may be subject to a 10% federal tax penalty. Optional riders are available at an additional cost.
Guarantees are backed by the claims-paying ability of the issuing insurance company. Product features and availability vary by state. Nationwide and New Heights are marks of Nationwide Mutual Insurance Company; Skyway FinTech LLC is an independent agency and is not affiliated with Nationwide. See the product brochure and contract for complete details.