The Truth About The Nationwide New Heights Annuity

Рет қаралды 1,488

Atlas Financial Strategies

Күн бұрын

Пікірлер: 14

@BigPoppa-t3z 2 ай бұрын

I have looked at the new heights 9 with 30 percent and 8 percent rollup but the level leaves nothing after 11 years?

@atlasannuity 2 ай бұрын

That is true. Normally if I can find a client a company that has the highest income and guarantees every dollar is paid back in income and/or death benefit, then that's what we go with. But at the time this video was made in the middle of 2024, Nationwide did neither. However, that can certainly change in the future. Thank you for commenting!

@ravikolli9999 5 ай бұрын

The video is great, but the part the podcaster is misleading people is not telling the whole story. Nationwide New Heights Select FIA does provide choice to clients for with and without charge options. Also, New Heights Select is not only income product. Illustration is always based on the prior years returns. Based on the age, most people need not go with Income product, and can choose index which do not have any charges (ZERO charges). The main important part is to have the downward market protection, and upward market participation, with and without charges (customer's option. Also, podcaster does not compare it with real alternate examples with guaranteed income, just shows the numbers. It's purely a trick to make people afraid by misleading the facts. I do not have anything against other companies and their products, as we offer from at least 20 different companies. At the end of the day, we need to establish the suitability and affordability by age group, and then we can derive at which company and which product will suit the customer needs. So, my vote is a BIG NO for this podcaster.

@atlasannuity 5 ай бұрын

Thank you for your comment...I think. The main point of the video was do a comparison specifically for income purposes. And yes, there is an option without the income rider fee, but the income is just that much worse. In regards to just growth and protection, there are hundreds of options that go beyond the scope of this video unless I wanted it to be 3 hours long, which would totally defeat the purpose of analyzing this one product for this one specific purpose - guaranteed income. So, my vote is a BIG NO for your analysis of my analysis. All the best, Marty

@boynton120 4 ай бұрын

In all fairness to the Podcaster, I object to the unnecessary, personal attack that "the podcaster is misleading is not telling the whole story." The podcaster is merely pointing out some issues that support his opinion. Podcast certainly is not intended to be an all inclusive treatise differentiating competing products. I am always amazed that Annuity companies collect client premiums, invest client's funds for years and only trickle a miserly payout all while charging additional Rider Fees that eventually absorb the client's principal balance all while holding client's investment under threat of 10% penalty should you wish to terminate the annuity once customer figures out only the Company is making money. YOU CAN FOOL SOME OF THE PEOPLE ALL THE TIME. & ALL OF THE PEOPLE SOME OF THE TIME.

@atlasannuity 4 ай бұрын

Thank you for the reply. Yes, different annuities serve different purposes and if you're going to pay the rider expense for a given benefit, then you should get the best benefit available on a guaranteed basis that is being offered at any given time. Hypotheticals are just that...hypothetical.