One of the Nationwide New Heights Select 8 benefits is that there are no fees or charges with this annuity. The only penalty you may pay is if you take a more-than-allowed portion of your money from the account. Surrender charges may apply. 

Nationwide New Heights Select 8 offers 6 different indexes, based on the performance of which you will grow your savings. You can choose either a single index or distribute your money across multiple of them. Here is a short description of each available index option: 

The Goldman Sachs New Horizons Index blends global investments with alternative strategies to improve diversification and aims to boost returns by exploring new asset allocation opportunities.

The J.P. Morgan Mozaic II℠ Index identifies the top-performing global asset classes over six months, reallocating to the best nine each month to help reduce volatility and provide steady returns.

The NYSE® Zebra Edge® II Index is based on behavioral finance, and it picks stocks from the 500 largest U.S. companies that appear the most stable. It balances these with bonds and cash to minimize risk and target long-term returns.

The SG Macro Compass Index is a global index that adjusts its investments based on predictions about the economy's future direction, aiming to provide stable growth and diversification, even in changing markets.

The S&P 500® Index is a widely known benchmark of the American economy. It tracks the performance of 500 major U.S. companies and is considered a key indicator of U.S. market trends.

The MSCI EAFE Index focuses on stocks from developed markets outside North America, including Europe, Australasia, and the Far East, providing global diversification opportunities.

With Nationwide New Heights Select 8, your contract can be allocated to a maximum of ten strategy options at any time. The annuity offers Balanced Allocation Strategy crediting, which combines an index component, a declared rate component, and a strategy spread component. These components are accumulated to determine your earnings. 

Nationwide New Heights Select 8 surrender charges are spread across the 8 years of the contract. Here is a breakdown of the surrender schedule: 

*The interest rate may vary depending on the state. 

Nationwide New Heights Select 8 advantages include: 
 

Lock-in Feature

• As an annuity holder, you will be able to allocate your contract to a maximum of ten strategy options. For each of them, you can lock the index value before the end of the term. 
• The locked value will later be used to calculate the strategy's earnings at the end. This feature is also applied to withdrawals or death benefits. 

Daily Accumulation Value (DAV)

• The DAV keeps track of the daily changes in the chosen strategy options and is the higher of either: (1) the contract value plus any strategy earnings that haven't been credited yet or (2) the guaranteed return of the purchase payment amount.

Free Withdrawals 

• With the Nationwide New Height Select 8, you can access your money without incurring a penalty. Free withdrawals are not subject to surrender charges or Market Value Adjustments (MVA).