Last updated: February 2026 | By AnnuityJournal Editorial Team
Nationwide is one of the largest and most recognized insurance companies in the United States — a Fortune 100 company with nearly a century of history. For annuity buyers, Nationwide offers a broad lineup of fixed, indexed, and variable products backed by one of the strongest balance sheets in the industry.
Key Takeaways
- AM Best rating: A+ (Superior) — among the highest in the industry
- Fortune 100 company founded in 1926 with $280+ billion in assets under management
- Offers fixed, indexed, and variable annuities across most U.S. states
- New Heights Fixed Indexed Annuity is one of their most popular products
- Minimum premiums typically start at $10,000–$25,000 depending on product
Nationwide Company Overview
Nationwide Mutual Insurance Company was founded in 1926 in Columbus, Ohio, initially serving Ohio farm families. Today it’s a diversified financial services company with operations spanning property, casualty, life insurance, retirement savings, and asset management.
As a mutual company, Nationwide is owned by its policyholders — not Wall Street shareholders. That structure has historically supported conservative financial management and long-term stability over short-term profit pressure.
Nationwide Financial Strength Ratings
| Rating Agency | Rating | Meaning |
|---|---|---|
| AM Best | A+ (Superior) | Second-highest possible rating |
| Moody’s | A1 | Upper-medium grade |
| S&P Global | A+ | Strong capacity to meet obligations |
| Fitch | A+ | High credit quality |
Nationwide’s A+ from AM Best places it in the top tier of U.S. insurance carriers. For annuity buyers locking in money for 5–10 years, carrier financial strength is just as important as the interest rate.
Nationwide Annuity Products
Fixed Indexed Annuities (FIA)
Nationwide’s indexed annuity lineup is its strongest category. The New Heights Fixed Indexed Annuity is particularly well-regarded — it offers multiple index crediting options (S&P 500, MSCI EAFE, and others) with a 0% floor, meaning you can’t lose principal to market downturns.
The New Heights series also features an optional Nationwide Lifetime Income Rider that provides guaranteed income for life — a meaningful add-on for buyers who want both growth potential and income security.
Fixed and MYGA Annuities
Nationwide offers multi-year guaranteed annuities with terms from 3 to 10 years. Rates are competitive but Nationwide is not typically the market leader on raw MYGA yield — buyers prioritizing the absolute top rate may find better options from smaller carriers. The trade-off is the brand strength and financial security Nationwide provides.
Variable Annuities
Nationwide has one of the larger variable annuity lineups in the market, with access to dozens of investment subaccounts and multiple optional income riders. Variable annuities carry higher fees and investment risk — appropriate only for buyers comfortable with market exposure inside an annuity wrapper.
Nationwide Annuity Pros and Cons
| Pros | Cons |
|---|---|
| A+ AM Best rating — top-tier financial strength | MYGA rates not always market-leading |
| Mutual company — policyholder owned | Variable annuity fees can be high |
| Broad product lineup (fixed, indexed, variable) | Some products only available through advisors |
| Strong agent and advisor distribution network | Complex product lineup can be overwhelming |
| New Heights FIA is a well-regarded product | Minimum premiums vary by product |
Who Should Consider Nationwide Annuities
Nationwide is a strong fit for buyers who prioritize financial stability and brand reputation alongside competitive rates. If you’re placing a significant sum — $200,000 or more — into a 7–10 year contract, Nationwide’s financial strength provides meaningful peace of mind even if the rate isn’t the very highest available.
Their indexed annuity products are particularly worth examining for buyers who want some market upside with principal protection. The New Heights series has a track record and product design that holds up well against competitors.
Frequently Asked Questions
Is Nationwide a good company for annuities?
Yes — Nationwide’s A+ AM Best rating, mutual company structure, and broad product lineup make it a strong choice. Buyers focused purely on maximum MYGA yield may find better rates elsewhere, but Nationwide’s financial strength is among the best in the industry.
What is Nationwide’s best annuity product?
The New Heights Fixed Indexed Annuity is frequently cited as Nationwide’s flagship annuity product — it offers multiple indexing strategies, a 0% floor on losses, and optional income riders. For simpler guaranteed-rate needs, their MYGA products are straightforward and backed by A+ financial strength.
Does Nationwide annuity go through probate?
No — annuities pass directly to named beneficiaries outside of probate, regardless of what your will says. This makes annuities an efficient wealth transfer vehicle for beneficiaries who need timely access to funds.
Can I add money to a Nationwide annuity after purchase?
It depends on the product. Most MYGAs are single-premium contracts — you make one deposit and that’s it. Some flexible-premium products allow additional contributions during an accumulation phase. Check the specific product terms before purchasing.
How do I contact Nationwide about an annuity?
Nationwide annuities are typically purchased through licensed insurance agents and financial advisors. For existing contract service, Nationwide’s annuity service center can be reached through their website or by calling their dedicated retirement services line.
