Nationwide Adds Four Managed Volatility Funds to Core VA Line-up to Help Advisors Manage Risk
As financial advisors continue to seek ways to help clients mitigate risk in a volatile market, Nationwide Financial announced the addition of four new managed volatility funds to its core VA line-up. Additionally, the company will add three fund options for its guaranteed lifetime withdrawal benefit, The Nationwide Lifetime Income Rider® (Nationwide L.inc). These options can provide increased equity exposure, including one managed volatility fund.
“After experiencing the economic turbulence of the past several years, clients are looking to advisors to provide protection against severe downturns, while maintaining the ability to take advantage of market gains,” said Eric Henderson, senior vice president of Annuities and Life Insurance for Nationwide Financial. “The addition of new managed volatility funds to our core VA product line-up provides more tools to help advisors address this challenge.”
New funds for Nationwide's core VA line-up include:
- American Funds Insurance Series® Protected Asset Allocation FundSM
- TOPSTM Protected Balanced ETF Portfolio
- TOPSTM Protected Moderate Growth ETF Portfolio
- TOPSTM Protected Growth ETF Portfolio
New Funds for L.inc
The American Funds Insurance Series Protected Asset Allocation Fund will also be available as a Nationwide L.inc investment option. When selected with Nationwide L.inc, the Protected Asset Allocation Fund can offer additional protection from market risk and increases equity exposure to a 60/40 target (ranging from 40 to 80 percent). Additionally, a Nationwide VA with Nationwide L.inc offers a 7 percent simple interest roll-up on the original income benefit base and a 5 percent payout if withdrawals begin at age 65.
Nationwide Financial will also add two non-managed volatility funds back to the Nationwide L.inc investment option line-up. Both offer 60/40 equity exposure:
- NVIT Cardinal Moderate Fund
- NVIT Investor Destination Moderate Fund
“With some investors becoming more cautiously optimistic, the addition of the American Funds IS Protected Asset Allocation Fund for our Nationwide L.inc rider can help advisors give clients peace of mind with enhanced access to the equity market,” Henderson said.
Nationwide Mutual Insurance Company, based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poor's. The company provides customers a full range of insurance and financial services, including auto insurance, motorcycle, boat, homeowners, pet, life insurance, farm, commercial insurance, annuities, mortgages, mutual funds, pensions, long-term savings plans and specialty health services. For more information, visit www.nationwide.com.
Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.
Nationwide, Nationwide Financial, the Nationwide framemark, Nationwide YourLife and On Your Side are service marks of Nationwide Mutual Insurance Company.
Ratings and rankings are subject to change.
Mike Switzer, 614-249-4092