Is Nationwide a good annuity company?

Nationwide Mutual carries an AM Best rating of A+ (Superior) and is one of the largest mutual insurers in the United States. It offers MYGA, fixed indexed, immediate, and variable annuities and is consistently competitive across product lines.

What annuities does Nationwide offer?

Nationwide's annuity lineup includes Secure Growth (MYGA), Peak (FIA with optional income riders), New Heights (FIA), Destination (variable annuity), and Income Promise (SPIA / DIA). Specific products vary by state.

How are Nationwide's MYGA rates?

Nationwide's Secure Growth MYGA is regularly within 10–25 basis points of the top of the 5-year MYGA market — currently around 5.75% APY. It's a strong choice for buyers prioritizing a mutual carrier with a long operating history.

Is my money safe with Nationwide?

Nationwide is rated A+ by AM Best and carries an A1 rating from Moody's. As a mutual insurer it has no public-equity pressure on quarterly results. State guaranty associations also provide a backstop up to state-specific limits.

Nationwide Annuity Review: Rates, Ratings & Products

Nationwide at a glance

AM Best rating: A+ (Superior)
Parent / structure: Mutual (policyholder-owned)
Founded: 1926
Headquarters: Columbus, Ohio
Primary lines: MYGA, FIA, SPIA, variable, group retirement

Annuity products

Secure Growth (MYGA)

Traditional multi-year guaranteed annuity in 3, 5, 7, and 10-year terms with a market-leading 5-year rate near 5.75% APY.

Peak 10 (FIA with income rider)

Fixed indexed annuity with a guaranteed income roll-up around 7.25% on the income base. Strong choice for retirees seeking future lifetime income.

New Heights (FIA — accumulation)

Accumulation-focused FIA with competitive cap rates and no rider fees. Good middle-ground choice.

Income Promise (SPIA / DIA)

Single premium immediate annuity and deferred income annuity options for guaranteed lifetime income.

Pros and cons

Pros

✓A+ AM Best, A1 Moody's — high financial strength
✓Mutual structure aligns with policyholder interests
✓Full product lineup — MYGA, FIA, SPIA, variable
✓Consistently competitive 5-year MYGA rates
✓Strong income-rider line on Peak FIA

Cons

×Rarely the absolute top of MYGA tables (usually 10–25 bps off lead)
×Some products have state-availability gaps
×Surrender schedules on FIA run a full 10 years

Who Nationwide is best for

Buyers who want a deeply established mutual carrier with a full annuity lineup and don't need to chase the absolute top APY. Nationwide is especially strong for income-rider FIA buyers who value the mutual structure.

See live numbers on the Nationwide rates page or compare with other carriers on our carriers index. Slug: nationwide.

Frequently asked questions

Is Nationwide a good annuity company?: Nationwide Mutual carries an AM Best rating of A+ (Superior) and is one of the largest mutual insurers in the United States. It offers MYGA, fixed indexed, immediate, and variable annuities and is consistently competitive across product lines.
What annuities does Nationwide offer?: Nationwide's annuity lineup includes Secure Growth (MYGA), Peak (FIA with optional income riders), New Heights (FIA), Destination (variable annuity), and Income Promise (SPIA / DIA). Specific products vary by state.
How are Nationwide's MYGA rates?: Nationwide's Secure Growth MYGA is regularly within 10–25 basis points of the top of the 5-year MYGA market — currently around 5.75% APY. It's a strong choice for buyers prioritizing a mutual carrier with a long operating history.
Is my money safe with Nationwide?: Nationwide is rated A+ by AM Best and carries an A1 rating from Moody's. As a mutual insurer it has no public-equity pressure on quarterly results. State guaranty associations also provide a backstop up to state-specific limits.

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Nationwide: rates, ratings, and product lineup.