Guaranteed Income Solution
The built-in option has no additional rider charge. Its income-base growth formula and payment terms should be compared with the income you actually need.
Nationwide Peak® 10 · Independent guide
Could Peak 10 Help Build Your Retirement Paycheck?
Understand the income you could receive, the money you can access and the tradeoffs before moving a dollar. We’ll help you compare Peak 10 with your goals—not ask you to decide from a headline bonus.
For people considering a new annuity purchase. No transfer or purchase required to have a conversation.
One Contract. Two Income Choices.
Nationwide Peak 10 is a single-premium deferred fixed indexed annuity issued by Nationwide Life and Annuity Insurance Company. It combines contract-defined interest crediting with lifetime-withdrawal options. It is not a direct investment in the stock market.
Bonus Income+ Rider
An optional, paid income rider with a different benefit-base formula and single or joint choices. A larger illustrated income benefit needs to be weighed against the rider charge and access rules.
The current minimum is $25,000. Nationwide’s April 2026 profile lists one purchase payment, with no later contributions. Confirm issue-age requirements, state availability and current terms before applying.
The Income Base Is Not Your Cash Balance
Keep these two values separate when reviewing any illustration. Ask to see both—not just the larger number.
Income Benefit Base
Used with the applicable withdrawal percentage to calculate lifetime income. Nationwide describes a bonus and simple roll-up for the optional rider. Those features do not create an equivalent amount of spendable cash.
Value Inside the Annuity
Reflects credited interest, withdrawals and applicable charges. The amount available on surrender can differ again after surrender charges and a market value adjustment.
Ask for dollars, timing and conditions. “How much could I withdraw for life at my chosen age?” is different from “What could I take if I needed to exit?” A roll-up rate is not your investment return.
What to Review Before Committing Money
Access & withdrawals
Peak 10 has a 10-year surrender-charge period. Its profile describes a noncumulative annual free-withdrawal allowance, but withdrawals can still affect income benefits and index earnings. A market value adjustment can increase or decrease amounts on applicable excess withdrawals.
Charges & crediting
The optional rider has a charge. Review its exact rate, calculation base, deduction timing and contractual maximum on your current specification pages. Caps, participation rates and other crediting limits are not the same as market returns.
Reserves & replacements
Keep money for emergencies and near-term spending accessible. If moving an existing annuity, compare lost benefits, surrender costs, a restarted restriction period and compensation—not only the new illustration.
Index-loss protection does not mean your value can never fall: withdrawals, charges and other contract provisions matter. Guarantees depend on Nationwide Life and Annuity Insurance Company’s claims-paying ability. This is not a bank deposit or FDIC-insured product.
Peak 10 Surrender Terms by State
Nationwide groups many states under the same schedule and lists a separate California schedule. Select your state to see the published group. This lookup does not verify personal eligibility or guarantee current product access.
Select a state above. The complete published schedules are also available below.
See all state groups and surrender schedules
Rates below follow completed contract years 0 through 9; the listed surrender charge is zero after 10 completed years. Other withdrawal effects and taxes can still apply.
Schedule A
States: AL, AZ, AR, CO, DC, FL, GA, HI, IL, IN, KS, KY, LA, ME, MD, MA, MI, MT, NC, NE, NM, ND, SD, TN, VT, VA, WV, WI.
Schedule: 10%, 10%, 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%.
Schedule B
States: AK, CT, IA, ID, MN, MS, MO, NH, NJ, NV, OH, OK, OR, PA, RI, SC, TX, UT, WA, WY.
Schedule: 9.2%, 8.9%, 7.9%, 7%, 6%, 5%, 4%, 3%, 2%, 1%.
California
States: CA.
Schedule: 9.20%, 8.20%, 7.20%, 6.20%, 5.20%, 4.15%, 3.15%, 2.10%, 1.05%; then a monthly schedule after year 9.
California after year 9: At completed months 0–11 after year 9: 0.95%, 0.85%, 0.75%, 0.65%, 0.60%, 0.50%, 0.40%, 0.35%, 0.25%, 0.15%, 0.05%, 0%.
Source: Nationwide profile FAM-1169AO-AL.10 (04/26), checked September 5, 2026. The published exclusions are Delaware, New York, Guam, Puerto Rico and the U.S. Virgin Islands. MVA and waiver availability also vary. Current state-approved contract and endorsement terms control.
Make the Comparison About Your Life
Your household
Bring your ages, state, income-start goal and whether one or two people need income. Start with the gap between dependable income and the spending you want to cover.
Your money
Tell us the amount you are considering, where it sits today and what you need to keep liquid. You do not need to upload account numbers or sensitive documents to book.
Your decision
We’ll review available choices, explain tradeoffs and identify what needs a current illustration. You should leave understanding the next step—even if Peak 10 is not the right fit.
If your priority is unrestricted short-term access, start there before considering a long-term annuity. An insurance review is not securities, tax or legal advice.
The people behind First Freedom Life
Meet Jared & Erin
Licensed insurance professionals at First Freedom Life helping households compare life insurance and retirement-income options with clear, personal guidance.
First Freedom Life is a veteran-owned independent insurance brokerage serving households across the United States by phone and video.
Let’s Put Your Peak 10 Questions Into Real Numbers
Request a no-pressure comparison below or call (786) 567-6889. Bring your age, state, amount considered, funding source, income timing, single or joint preference, liquidity needs, existing contracts, and legacy priorities. No transfer or product decision is required for the review.
Educational comparison only; not a quote, illustration, recommendation, contract, investment advice, tax advice, or legal advice. Product availability, appointment, rates, benefits, riders, charges, state approvals, and terms must be verified when the review occurs.
Questions to Ask Before Buying Peak 10
Is the Bonus Income+ credit cash I can withdraw?
No. The bonus applies to the Income Benefit Base used to calculate lifetime withdrawals, not to spendable cash. Compare the income calculation and the actual contract value separately.
Is the income roll-up my investment return?
No. A roll-up increases an income-calculation value under the rider rules. It is not interest credited to your withdrawable contract value or a promise of investment performance.
Can taking money out affect my future income?
Yes. A withdrawal can avoid surrender charges yet still affect income benefits or index earnings. Ask for the effect on contract value, Income Benefit Base and lifetime payments before withdrawing. Excess-withdrawal rules and exceptions are contract-specific.
Does Peak 10 add tax deferral inside an IRA?
An IRA already provides its own tax treatment. Adding an annuity does not create an extra layer of tax deferral; the decision should rest on its insurance features and tradeoffs. Funding, distributions and replacement decisions require individual tax review.
How much lifetime income would I receive?
That requires a current illustration using your age, state, premium, income-start date and single or joint election. A bonus percentage or income-base value by itself does not tell you the dollar payment. First Freedom Life does not promise a payout or recommend a purchase from this page alone.
Sources & Current-Terms Check
Reviewed September 5, 2026. This guide summarizes Nationwide’s public materials, not a personalized quote. The product profile and older rider brochure differ in how they describe the rider-fee base; confirm the charge using current state-approved specifications before relying on any figure.
- Nationwide Peak 10 consumer overview
- Nationwide product profile — FAM-1169AO-AL.10, April 2026
- Nationwide product guide — FAM-1165AO-AL.7, April 2026
- Nationwide Bonus Income+ rider guide — confirm against current contract
- Nationwide annuity tax-deferral disclosure
First Freedom Life is not sponsored or endorsed by Nationwide. Producer appointment, distribution access, state approval and suitability must be verified before a recommendation or application. Existing contract service belongs with Nationwide. No current appointment is asserted by this guide.