Filed Under:Markets, Company News

Nationwide Financial launches low-cost variable annuity

Also: Annuity product news from Jefferson National, Lincoln National, Securian Financial.

Nationwide Financial has launched Nationwide Destination Architect 2.0, which it touts as a low-cost, advisory based variable annuity. The company also introduced Nationwide Lifetime Income Track (Lifetime Income Track), an optional Guaranteed Lifetime Withdrawal Benefit (GLWB) rider available for an additional cost with Nationwide Destination Architect.

Features of Nationwide Destination Architect include:

Lincoln Financial Group now offers several new investment options in its variable annuities. All of the new funds are available to Lincoln’s national network of distribution partners.

The investment choices, which seek to reduce exposure to market risks, include seven new options for Lincoln ChoicePlus Assurance products and four new options for American Legacy products. All invest in underlying funds that are managed by several well-known asset managers, including BlackRock, Dimensional, Fidelity, MFS and SSgA.

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Nichole Morford

Nichole Morford
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