The first offerings will be the Nationwide Portfolio Innovator Annuity, an immediate fixed income annuity, and Nationwide Income Architect Annuity, a standalone living benefit. Both will be rolled out in the second quarter.
In these unprecedented economic times, consumers are looking for any sliver of certainty when it comes to their retirement income portfolio, said Eric Henderson, senior vice president of individual investments for Nationwide Financial. Our partnership with Envestnet will allow us to provide income guarantees clients are in need of and can depend on, that can be easily implemented into any financial advisors practice.
Eric Fowler, senior vice president of product development at Envestnet, added, Through our partnership with Nationwide, we are enhancing our retirement income services for advisers to help them provide appropriate solutions for their clients in and through a very challenging environment.