Annuity rate data updated daily

Rate data refreshes daily from AdvisorWorld and CANNEX carrier feeds. View current rates

Fixed Indexed Annuity

Summit

Nationwide Life Insurance Company

Get my rate report

7.6%

Best S&P 500 Annual Cap

10%

Free W/D

50

Available jurisdictions

Product data status: July 17, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Model this product

See what Summit would do for you

Set your numbers and switch between growth, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer
Illustrative — live CANNEX rates as of July 17, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$150,842
Est. value at age 80 (Summit)
7.6%
Best S&P 500 1-yr point-to-point cap
J.P. Morgan Mozaic II Index — 10% Cap (Annual)
✦
How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies Summit's published cap rate (10% on J.P. Morgan Mozaic II Index) to a calibrated proprietary/volatility-controlled hypothetical index path (~1.9%/yr average, including down years) with a 0% floor over 20 years. Not a projection, quote, or guarantee. Live CANNEX rates as of July 17, 2026.

Free Comparison Report

Get a Summit rate report

See how Summit compares for your age, state, premium, and income goals alongside other Nationwide Life Insurance Company fixed indexed annuity options.

Get my rate report

Live rate data

Run live numbers for Summit

Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Nationwide Life Insurance Company product.

Live product data

Rates as of July 17, 2026, from AdvisorWorld and CANNEX.

S&P 500 annual point-to-point cap

7.6% cap on S&P 500

An A+-rated 7-year accumulation-focused fixed indexed annuity from Nationwide with S&P 500 and J.P. Morgan Mozaic II annual point-to-point cap exposure, a compact strategy menu, and a six-figure premium minimum.

1-year term7-year surrender$100,000+AdvisorWorld + CANNEX data

Best fit

Accumulation buyers with a sizeable balance to deploy who want a mid-length 7-year surrender, recognizable S&P 500 cap exposure, and a simpler, easier-to-model two-strategy menu than the broader Peak lineup.

AM Best

A+ Superior

Surrender period

7 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

7.6% cap rate

Annual cap

1-year term · 7-year surrender · $100,000+

Rate varies by premium band.

Fixed Account

Fixed Account

4% declared rate

Fixed account

1-year term · 7-year surrender · $100,000+

Rate varies by premium band.

+ 2 additional crediting options (J.P. Morgan...)

Product analyst notes

How to think about this contract

Why it can stand out

  • Compact strategy menu — S&P 500 plus J.P. Morgan Mozaic II — makes this an easier contract to model and compare versus FIAs that bundle four or five proprietary indices.
  • A.M. Best A+ from a top-tier national carrier with three-agency coverage (Moody's A1, S&P A+) — the strength view does not depend on a single rating.
  • Wide free-withdrawal allowance — generous penalty-free liquidity for a 7-year FIA.
  • Fixed-rate option in the strategy menu alongside the indexed strategies — gives buyers a clear floor option without leaving the contract.

What to confirm

  • The premium minimum is a meaningful threshold — not designed for small first-time annuity buyers. Confirm the exact figure in the carrier's filing.
  • No optional GLWB rider and no built-in PIV income mechanism — accumulation-only product; buyers shopping primarily for lifetime income should look at a different Nationwide product.
  • Narrower strategy menu than Peak — no MSCI EAFE or Morgan Stanley 3D option here. Buyers wanting wider proprietary-index choice would find more optionality in Peak or Peak 10.
  • Death benefit details, MVA terms, and bailout rates aren't always shown on this page — confirm contract-level mechanics with the carrier before purchase.

Not ideal for

Buyers who need lifetime income from a rider, anyone unable to meet the six-figure premium minimum, anyone wanting MSCI EAFE or other broader proprietary-index choices (look at Peak or Peak 10), or buyers who can't lock funds up for the 7-year surrender period.

Free Comparison Report

Get a Summit rate report

See how Summit compares for your age, state, premium, and income goals alongside other Nationwide Life Insurance Company fixed indexed annuity options.

Get my rate report

All crediting strategies

View rate listings (12 strategies)

These are the current crediting strategies available for this product. Use the filters to narrow by index, term, premium band, or rate type.

Cap: 10% · 1-yr

J.P. Morgan Mozaic II Index

cap

7-yr surrender$100,000+

Cap: 7.6% · 1-yr

S&P 500 Index

cap

7-yr surrender$100,000+

Fixed: 4% · 1-yr

Fixed Account

fixed

7-yr surrender$100,000+

Cap: 9.5% · 1-yr

J.P. Morgan Mozaic II Index

cap

7-yr surrenderUp to $99,999.99

Cap: 7.1% · 1-yr

S&P 500 Index

cap

7-yr surrenderUp to $99,999.99

Fixed: 3.8% · 1-yr

Fixed Account

fixed

7-yr surrenderUp to $99,999.99

Cap: 9.5% · 1-yr

J.P. Morgan Mozaic II Index

Point-to-point

$100,000+

Cap: 7.35% · 1-yr

S&P 500 Index

Point-to-point

$100,000+

Fixed: 3.9% · 1-yr

Fixed Account

Fixed account

$100,000+

Cap: 9% · 1-yr

J.P. Morgan Mozaic II Index

Point-to-point

Up to $99,999.99

Cap: 6.6% · 1-yr

S&P 500 Index

Point-to-point

Up to $99,999.99

Fixed: 3.7% · 1-yr

Fixed Account

Fixed account

Up to $99,999.99

Accumulation profile

Accumulation-focused contract

Current CANNEX information identifies this product as tax-deferred accumulation. Compare cap, participation rate, fees, liquidity, and surrender terms; use a separate payout-focused contract when guaranteed payout mechanics are required.

Linked review

Summit review notes

Discover the Nationwide Summit Fixed Indexed Annuity with tax-deferred growth, downside protection, and income focus. Explore rates, costs, and more.

3/5Read review
Nikhil Bhauwala

Common questions about Summit

● Can I lose money in Summit?

A negative index return by itself does not reduce the contract's account value: Summit credits 0% — the floor — for that indexed period. The account value can still decrease from applicable rider fees, Performance Rate Rider or other strategy charges, administrative charges, withdrawals, surrender charges, or other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● When can I access my money without a surrender charge?

Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 7 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do Summit's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another current Summit strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

2

Nursing home waiver, Terminal illness waiver

Death benefit

Standard Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Cap-rate floor

3.00%

Minimum guaranteed cap for cap-based indexed strategies.

Fixed account guarantee

1.00%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

100.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Annuitization options

Single and joint

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

9%

Yr 2

8%

Yr 3

7%

Yr 4

6%

Yr 5

5%

Yr 6

4%

Yr 7

3%

After

0%

Nursing home waiver, Terminal illness waiver, Surrender waivers

Documents

product guide

Nationwide Life Summit brochure.pdf

Confidence: highReviewed Apr 9, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA+
Moody'sA1
S&PA+

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Summit currently shows 12 indexed or fixed crediting options, including S&P 500 Index, with 4 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, renewal terms, and fee-bearing rider variants are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 7.6% annual cap
  • S&P 500 Index: 7.1% annual cap
  • S&P 500 Index: 6.6% annual point-to-point cap
  • S&P 500 Index: 7.35% annual point-to-point cap

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 7 surrender years
  • Nursing home waiver
  • Terminal illness waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as Nationwide Life Summit brochure.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 24, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

Free Comparison Report

Get a Summit rate report

See how Summit compares for your age, state, premium, and income goals alongside other Nationwide Life Insurance Company fixed indexed annuity options.

Get my rate report

Related Resources