Secure Growth
Nationwide Life Insurance Company
5.4%
5-yr guarantee
10%
Free W/D
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed rate
5.4% guaranteed for 5 years
A multi-term MYGA from A+-rated Nationwide offering 3-, 5-, and 7-year guaranteed rates, a wide free-withdrawal allowance, and full nursing-home, terminal-illness, and RMD surrender waivers.
Best fit
Safety-first MYGA buyers who value carrier balance-sheet strength and the flexibility to choose among multiple guarantee periods, with a need for the free-withdrawal allowance for liquidity.
AM Best
A+ Superior
Surrender period
7 years
Free withdrawal
10%/yr
Product analyst notes
How to think about this contract
Why it can stand out
- Three guarantee-period choices (3, 5, and 7 years) — buyers can match the lock-up to their actual liquidity horizon rather than being forced into a single term.
- Free-withdrawal allowance is wider than the standard at many MYGAs — meaningful penalty-free liquidity on every available term.
- Nursing-home, terminal-illness, and RMD surrender waivers all built into the base contract — the standard life-event liquidity escape hatches are included.
- A.M. Best A+ from a top-tier national carrier with three-agency coverage (Moody's A1, S&P A+) — strength view triangulates rather than resting on a single rating.
What to confirm
- No Market Value Adjustment on this filing — a structural simplification, but also means the carrier has less ability to share favorable interest-rate moves with the holder versus a comparable MYGA with MVA.
- Death benefit is contract value (CV) without a step-up — heirs receive the account value as of date of death rather than a guaranteed enhanced payout.
- Joint annuitization is not available — single-life only at annuitization, a real limitation for couples planning shared lifetime income later.
- Rate ladder on this filing has historically been unusual — the 7-year rate can sit below the 5-year rate (an inverted curve at the long end), so longer-term lock-ups do not automatically pay more. Verify the current 5-year versus 7-year before committing.
Not ideal for
Buyers chasing the absolute top-of-market MYGA headline rates (this filing tends to trail the highest yields) or couples who need joint-life annuitization at conversion.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.1% |
| 4-Year | 3.95% |
| 5-Year | 5.4% |
| 7-Year | 4.7% |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
3Nursing home waiver, RMD waiver, Terminal illness waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single lifeContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
Yr 1
7%
Yr 2
7%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
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