New Product Enhancement to Monument Advisor Provides Optional Death Benefit to Serve Growing Legacy Planning Needs
Louisville, KY and Columbus, OH — May 9, 2017 — Jefferson National, operating as Nationwide’s advisory solutions business, has launched a new product enhancement on the industry’s first[i] and only flat-fee[ii] Investment-Only Variable Annuity (IOVA), built for Registered Investment Advisors (RIAs), fee-based advisors and the clients they serve. This new optional guaranteed Return of Premium Enhanced Death Benefit protects against volatile markets to secure a lasting legacy for clients’ heirs.
The optional guaranteed Return of Premium Enhanced Death Benefit guarantees that assets intended to provide a legacy for an individual, foundation or philanthropy will be protected and passed along. Designed to fit the way RIAs and fee-based advisors do business, this new enhancement delivers strong consumer value, transparency and unique open architecture. Features include the flexibility to pull advisory fees — up to 2% in a contract year — without reducing the client’s benefit base. The enhancement guarantees the value of the premiums deposited into the contract, minus any adjusted partial withdrawals. This ensures clients’ legacies, and provides them with the comfort of knowing their beneficiaries or chosen charity will receive the money they intend. Also of note, advisors have access to the full range of nearly 380 underlying funds to manage any strategy they choose within Monument Advisor. (Refer to the prospectus for additional information).
Laurence Greenberg, leader of Nationwide’s advisory solutions business, stated, “Meeting the unique needs of RIAs and fee-based advisors has always been our singular focus and top priority. This new Return of Premium Enhanced Death Benefit offers RIAs and fee-based advisors the ability to protect client assets with the value and customer experience they expect. Combining forces with Nationwide has enabled us to take our commitment to an entirely new level, by offering new innovations and greater opportunities for growth. This enhancement is the first of many steps forward in our commitment to provide new products that are simple, low-cost, and transparent, with more choice—built expressly for RIAs and fee-based advisors.”
The optional guaranteed Return of Premium Enhanced Death Benefit, elected at the time a Monument Advisor contract is opened, guarantees the value of the premiums deposited into the contract, minus any adjusted partial withdrawals. Again, this ensures that clients’ heirs, families, foundations, or charity of choice will receive the legacy they intend. The ROP Enhanced Death Benefit is available as of May 1st within the Monument Advisor Investment-Only Variable Annuity.
To help RIAs and fee-based advisors make the most of this latest enhancement to Monument Advisor, the company is offering a complimentary infographic at http://learn.jeffnat.com/ROPInfogram. Advisors can learn how to protect clients’ legacy with the Return of Premium Enhanced Death Benefit by contacting the Advisor Sales Team today at 866.667.0564.
[i] Mogel, Gary S. (2005, June 6), Flat-fee variable annuity makes its debut. Investment News. Retrieved from http://www.investmentnews.com/article/20050606/SUB/506060708
[ii] Jefferson National’s Monument Advisor has a $20 monthly flat insurance fee. Additional low-cost fund platform fees ranging from .10% - .35% will be assessed for investors wishing to purchase shares of low-cost funds. See the prospectus for details. Certain low-cost funds may only be available to you if you retain certain investment advisors.
An investor should carefully consider the investment objectives, risks, charges and expenses of the investment before investing or sending money. The contract prospectus and underlying fund prospectuses contain this information. For a prospectus containing this and additional information, please contact your financial professional. Read it carefully before investing. The summary of product features is not intended to be all-inclusive. Restrictions may apply. The contracts have exclusions and limitations, and may not be available in all states or at all times.
Variable annuities are investments subject to market fluctuation and risk, including possible loss of principal. Your units, when you make a withdrawal or surrender, may be worth more or less than your original investment.
Variable annuities are long-term investments to help you meet retirement and other long-range goals. Withdrawal of tax-deferred accumulations are subject to ordinary income tax. Withdrawals made prior to age 59 ½ may incur a 10% IRS tax penalty. Jefferson National does not offer tax advice.
Cost of the rider is 15bps. Not available in CA, DE, FL, NY. All guarantees and protections of a variable annuity are subject to the claims-paying ability of the issuing insurance company
Variable Annuities are issued by Jefferson National Life Insurance Company, (Dallas, TX), or Jefferson National Life Insurance Company of New York (New York, NY) and distributed by Jefferson National Securities Corporation, FINRA member. Policy series JNL-2300-1, JNL-2300-2, JNL-2300-3, JNL-2300-1-NY, JNL-2300-2-NY. Mentions of 'Monument Advisor' refer also to Monument Advisor of New York.