US annuities provider Nationwide has launched a new registered index-linked annuity (RILA) product in response to demand from investors who are opting for RILAs over fixed index annuities (FIAs).
The Nationwide Defined Protection Annuity (DPA) is the carrier’s first offering in collaboration with Annexus with RILA sales surging forward in the second quarter of 2020 , as a result of historically low interest rates in uncertain financial markets. Our RILA design is a floor design, where the consumer takes the first five or 10% of the loss - Eric Henderson, Nationwide Annuities Eric Henderson (pictured) , president, Nationwide Annuities expects to see a continuation in the growth
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