Independent Review of the Nationwide Best of America Future Venue Variable Annuity

What is covered in this annuity review?

In this annuity review, we will be covering the following information on the Nationwide Best of America Future Venue variable annuity:


  • Product Type
  • Fees
  • Current Rates
  • Realistic long-term return expectations
  • How it is used
  • How it is most poorly used

Annuities can be complex. That’s where having an Annuity Investigator who loves math comes in.
We make the complex, simple.

If you are considering the purchase of an annuity because you would like to build up your savings on a tax-deferred basis – and you are also seeking a lifetime income in retirement – then the Nationwide Best of America Future Venue variable annuity could be a viable option for you.

But, prior to moving forward with a long-term commitment to this (or any other) annuity product, it is important that you know how exactly the annuity works and what benefits it may be able to offer you as versus other annuity alternatives that are available to you. This is particularly true as annuities could require a large chunk of your overall retirement savings.

In the case of variable annuities, you will typically find that these financial vehicles will do some things well, and other things not so well. For instance, variable annuities have a focus on growing assets, based on underlying market performance.

However, these products aren’t generally known for being the best at providing a reliable stream of income in retirement. One of the key reasons for this is the fact that variable annuities present much more risk to the insurance companies that offer them, as well as the consumers who purchase them.

So, knowing what you can (and can’t) anticipate before you get into one of these products is essential, as they can be quite expensive to get out of if you change your mind down the road. This is where we come in.

Annuity And Retirement Income Planning Information That You Can TrustIndependent Review of the Nationwide Best of America Future Venue Variable Annuity

If you’ve been looking for annuity information online, then you have probably noticed that there is no shortage of “review” sites out there. In fact, you may have run across a number of different websites that claim they know all there is to know about annuities. But, while these sites may at first glance appear to be legit, the reality is that most – if not all – can best be described as copycats.

While on your mission for additional details about annuities, you may also have attended a seminar where, in return for a free lunch or dinner, the presenter offered you a plethora of details on the Nationwide Best of America Future Venue variable annuity, or some other similar product. Your attendance at that seminar may even have been the catalyst that has ultimately led you right here to our website.

Possibly you have come across our Annuity Gator site for the very first time and you don’t really know what we do here. If that is the case, then please allow us to officially welcome you here. At, we make up a team of experienced annuity professionals, and we focus on publishing the most comprehensive and unbiased annuity reviews online. We have been at this for quite some time now – far longer than our competitors have – and because of that, we have come to be known as a highly trusted source of annuity information.

Suffice it to say that here, on the website you’re on right now, you will find all of the details that you’re looking for – and possibly even some that you are not. What this means is that, because we offer complete annuity reviews, we will give you all of the pertinent details – which include not just the good, but also the bad and the ugly. Doing so, though, is really the only way to assist you in determining whether or not an annuity will truly be right for you.

So, let’s get started!

Nationwide Best of America Future Venue Variable Annuity at a Glance

Product NameBest of America Future Venue
Type of ProductVariable Annuity
S&P RatingA+
Phone Number(877) 669-6877

Opening Thoughts on the Nationwide Best of America Future Venue Variable Annuity

Nationwide has been in the business of offering financial and insurance solutions for more than 90 years. The company is listed on the Fortune 100, and it offers a long list of products, including annuities, life insurance, mutual funds, and retirement plans.

With more than $26 billion in operating revenue in 2015, Nationwide has a long history of financial stability – and the company has earned high ratings from the insurer rating agencies, including:

  • A+ from A.M. Best
  • A+ from Standard & Poor’s
  • A+ from Moody’s

Nationwide does a fair amount of television advertising, so the company is familiar to many people. You may have even found yourself humming its now-famous jingle, “Nationwide is on Your Side.”

Financial and insurance companies definitely recognize that many of the key events in peoples’ lives involve money. This certainly goes for retirement – which is perhaps the biggie when it comes to your finances. The main reason for this is because the decisions you make today about the allocation of your funds will likely affect tomorrow’s financial security.

The demand for annuities, which grow on a tax-deferred basis, and are backed by the financial strength and stability of the insurance carriers that offer them, has been increasing as more and more Baby Boomers reach retirement age. This is especially true as most companies have done away with the traditional pension plan, and an annuity allows you to turn your money into an income stream.

Yet, while the demand for annuities has definitely picked up, it is also important to keep in mind that variable annuities can present market-related risks to their owners, so these products need to be reviewed very carefully before purchasing in order to determine whether or not they will really be the right fit for an investor.

Before we get into the gritty details, there are some required legal disclosures here…

This is an independent annuity product review. It is not a recommendation to purchase or to sell an annuity. Nationwide Life has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. This annuity review is meant solely to be an independent review at the request of our readers so that they may see our perspective when breaking down the positives and the negatives of this particular annuity. Prior to committing to the purchase of any type of insurance and/or investment vehicle, it is critical that you do your own due diligence, and that you also talk with a properly licensed professional if you have any questions that relate to your specific situation. All of the names, materials, and marks that have been used in compiling this annuity review are the property of their respective owners.

For additional information on how to compare annuities so that you can decide which may be the best one for you, click here  in order to obtain our free annuity report.

How Nationwide Life Describes the Best of America Future Venue Variable Annuity

Nationwide describes the Future Venue annuity as an individual flexible premium variable annuity.

The annuity offers more than 100 different investment options to choose from, so investments can be well diversified, depending on what your ultimate goals are. It also offers some additional “bells and whistles”, such as a standard death benefit (and the option to add an enhanced death benefit), as well as lifetime income rider options.

For a more comprehensive and updated list of the investments offered with this annuity, you can take a peek at the prospectus HERE.

How a Financial Advisor Might “Pitch” this Annuity to Potential Purchasers

Because the Best of America Future Venue from Nationwide is a variable annuity, it is likely that a financial advisor would key in on the opportunity for tax-deferred growth, as well as investment diversification due to the long list of subaccount options this product offers. Because of that, this product could be appealing to a variety of investors’ goals, including conservative, balanced, and even aggressive.

Certainly, the added feature here, as versus with investing into mutual funds directly, is the tax-deferral that investors get on their gains – which aren’t going to be taxed until the time of withdrawal in the future. This, in turn, can allow the funds inside the annuity to compound pretty nicely over time – provided that the underlying investments perform in the positive…which brings us to one of the key drawbacks with variable annuities.

Because the return on the underlying investments is performance dependent, there is the real possibility that some (or all) of these could actually lose value. This isn’t necessarily something that you want to happen, though, especially as you inch closer to retirement time.

And then there are the fees…

What About the Fees?

Just as with most things in life, you typically have to give in order to get – and when it comes to variable annuities, in order to get the opportunity to grow funds based on market-related performance, you will also have to deal with a long list of various charges and fees.

Here is a rundown of the recurring contract expenses:

  • Annual Contract Maintenance Charge – Up to $30
  • Annual Loan Interest Charge – 2.25% (if applicable)
  • Mortality and Expense Risk Charge – 0.90%
  • Administrative Charge – 0.20%
  • Death Benefit Option – 0.10% to 1.55% (depending on which option is chosen)
  • Spousal Protection Annuity Option – 0.20%
  • Beneficiary Protector ll Option – 0.35%
  • Extra Value Option – 0.45%
  • Capital Preservation Plus Lifetime Income Option – 1.00%

There are also charges for the additional optional riders that you add to the annuity (there are also charged annually, as a percentage of the annual income benefit base):

  • Nationwide Lifetime Income Riders – 1.00% to 1.20% (depending on which is chosen)
  • Joint Options for the Nationwide Lifetime Income Riders – 0.15% to 0.30% (depending on which is chosen)

So, based on which additional options you have, and whether or not you add your spouse to the annuity, your annual contract expenses could exceed 4%. This could make it difficult to achieve a nice return – and if your investments perform negatively, these fees can bring the value of the account down even more!

Also, even though you are allowed to withdraw up to 10% of the contract’s value each year penalty-free, if you take out more than that during the first six full contract years, you will be hit with a Contingent Deferred Sales Charge, otherwise known as a surrender fee. These fees start at 7%, and they gradually grade down from there for the next several years as follows:

Completed Contract Year01234567+
Withdrawal Charge %77654320

The Annuity Gator’s End Take on the Nationwide Best of America Future Venue Variable Annuity

Where the annuity works best:

As a variable annuity, the Nationwide Best of America Future Venue variable annuity product could be a viable option for those who:

  • Want the opportunity for high, market-related returns
  • Are seeking a lifetime income
  • Want to keep depositing money into a tax-advantaged financial vehicle after they have maxed out their IRA and/or their employer-sponsored retirement plan(s)

Where it works the worst:

Conversely, this may not be a good option for those who:

  • Have a lower tolerance for risk
  • Do not plan on using the lifetime income feature

In Summary

When you are weighing the pros and cons of purchasing any financial product, it is important to consider your overall goals – both the short and long term. With some investors, the primary draw of a particular product may be the opportunity for growth – even if it means risking the protection of principal.

In the case of the Nationwide Best of America Future Venue variable annuity, there are numerous benefits, such as the many investment options, the ability to diversify, and of course, the income stream you can obtain in retirement.

But, there can also be some big tradeoffs that you’ll need to consider. These include being exposed to market-related risk, as well as the numerous charges and fees that are involved with variable annuity products such as this one.

So, if you are a bit hesitant to move forward – especially with depositing a sizeable chunk of your retirement savings – it is possible that it is because there are other financial product alternatives that could fit your needs a bit better.

The only way to truly know if this, or any, any annuity is a good fit for you is to have it tested. We can provide this service to you, so if you would like to input your specific information and see the resulting details, just simply Contact Us.

Do You Have Any Additional Questions on the Best of America Future Venue from Nationwide? Did You Notice Any Mistakes in this Review?

We realize that this annuity review went a tad bit on the lengthy side, so for that, we thank you for sticking with us thus far. However, we believe that it is important to provide “too much” information, as versus as not enough.

If, after reading through this annuity review, you still have any questions or concerns about the Nationwide Best of America Future Venue variable annuity, we encourage to reach out to us directly via this secure online contact form. Our annuity experts will be happy to walk you through any of the information that you need.

If you found this review to be helpful, then feel free to share it by forwarding it on to anyone whom you know that may also benefit from it. We are always happy to help others in determining whether or not a particular annuity may be right for them.

In addition, we know just how quickly information about annuities can and does change. Therefore, if you happened to notice anything in this review that may be outdated or in need of revision, please let us know that, too and we will make the necessary updates as soon as possible.

Are there any other annuities that you would like to have us review?

If so, no problem! Just let us know the name of the annuity (or annuities, if there is more than just one), and our team of annuity geeks will get on it!


The Annuity Gator

Independent Review of the Nationwide Best of America Future Venue Variable Annuity

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