Stable Income Annuity
Nationwide Life Insurance Company
1.6288%
7-yr guarantee
10%
Free W/D
48
Jurisdictions
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
7-year guaranteed rate
1.63% guaranteed for 7 years
A 7-year MYGA from A+-rated Nationwide with a wide free-withdrawal allowance and full nursing-home, terminal-illness, and RMD waivers — currently published with a single, well-below-market headline rate, suggesting a legacy or low-priority filing.
Best fit
Safety-first buyers who specifically value Nationwide's balance-sheet strength and are comfortable accepting a below-market rate as the cost of that strength on a 7-year lock-up.
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
- A.M. Best A+ from a top-tier national carrier with three-agency coverage (Moody's A1, S&P A+) — the strength view is triangulated rather than dependent on a single rating.
- Free-withdrawal allowance is wider than the standard at many MYGAs, providing meaningful penalty-free liquidity.
- Nursing-home, terminal-illness, and RMD surrender waivers built into the base contract — common life-event liquidity escape hatches included without an extra rider.
- Market Value Adjustment is in place — a structural piece that allows the contract to share favorable interest-rate moves with the holder under the right conditions.
What to confirm
- The currently-published headline rate on this filing is markedly below the rest of the MYGA market — this is a legacy filing being run off rather than a competitive open-rate product. Verify whether the contract is open to new business before serious consideration.
- Only a 7-year term is published — no 3- or 5-year options to choose from. Buyers wanting a shorter lock-up should look at Nationwide Secure Growth or a different carrier.
- 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.
Not ideal for
Anyone shopping on yield (the published rate is materially below the MYGA market), or buyers needing shorter lock-up terms than the single 7-year option published on this filing.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 7-Year | 1.6288% |
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 and jointContract 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
6%
Yr 3
5%
Yr 4
4%
Yr 5
3%
Yr 6
2%
Yr 7
1%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
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