Accumulation Unit – An accounting unit of measure used to calculate the Contract Value allocated to the Variable Account before the Annuitization Date. |
Adjusted Roll-up Income Benefit Base – The Original Income Benefit Base after it has been reduced proportionally as a result of a Non-Lifetime Withdrawal. |
Annuitant – The person(s) whose length of life determines how long annuity payments are paid. The Annuitant must be living on the date the contract is issued. |
Annuitization Date – The date on which annuity payments begin. |
Annuity Commencement Date – The date on which annuity payments are scheduled to begin. |
Charitable Remainder Trust – A trust meeting the requirements of Section 664 of the Internal Revenue Code. |
Co-Annuitant – The person designated by the Contract Owner to receive the benefit associated with the Spousal Protection benefit. |
Contingent Annuitant – The individual who becomes the Annuitant if the Annuitant dies before the Annuitization Date. |
Contract Anniversary – Each recurring one-year anniversary of the date the contract was issued. |
Contract Owner(s) – The person(s) who owns all rights under the contract. |
Contract Value – The value of all Accumulation Units in a contract plus any amount held in the Fixed Account. |
Contract Year – Each year the contract is in force beginning with the date the contract is issued. |
Current Income Benefit Base – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, it is equal to the Original Income Benefit Base adjusted throughout the life of the contract to account for subsequent purchase payments, excess withdrawals, reset opportunities, and if elected, the Non-Lifetime Withdrawal. This amount is multiplied by the Lifetime Withdrawal Percentage to arrive at the Lifetime Withdrawal Amount. |
Daily Net Assets – A figure that is calculated at the end of each Valuation Date and represents the sum of all the Contract Owners interests in the Sub-Accounts after the deduction of underlying mutual fund expenses. |
Fixed Account – An investment option that is funded by Nationwide's General Account. Amounts allocated to the Fixed Account will receive periodic interest subject to a guaranteed minimum crediting rate. |
General Account – All assets of Nationwide other than those of the Variable Account or in other separate accounts of Nationwide. |
Individual Retirement Account – An account that qualifies for favorable tax treatment under Section 408(a) of the Internal Revenue Code, but does not include Roth IRAs. |
Individual Retirement Annuity or IRA – An annuity contract that qualifies for favorable tax treatment under Section 408(b) of the Internal Revenue Code, but does not include Roth IRAs or Simple IRAs. |
Investment-Only Contract – A contract purchased by a qualified pension, profit-sharing, or stock bonus plan as defined by Section 401(a) of the Internal Revenue Code. |
Lifetime Withdrawal – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, it is a withdrawal of all or a portion of the Lifetime Withdrawal Amount. |
Lifetime Withdrawal Amount – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, the maximum amount that can be withdrawn during a calendar year without reducing the Current Income Benefit Base. It is calculated annually, on each January 1, by multiplying the Current Income Benefit Base by the applicable Lifetime Withdrawal Percentage. |
Lifetime Withdrawal Percentage – An age-based percentage used to determine the Lifetime Withdrawal Amount under the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max. The applicable percentage is multiplied by the Current Income Benefit Base to arrive at the Lifetime Withdrawal Amount for any given calendar year. The Rate Sheet Supplement discloses the Lifetime Withdrawal Percentages that are currently available for new contracts. |
Nationwide – Nationwide Life Insurance Company. |
Net Asset Value – The value of one share of an underlying mutual fund at the close of regular trading on the New York Stock Exchange. |
Non-Lifetime Withdrawal – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, a one-time only election to take a withdrawal from the contract that will not initiate the benefit under the option. |
Non-Qualified Contract – A contract which does not qualify for favorable tax treatment as a Qualified Plan, IRA, Roth IRA, SEP IRA, Simple IRA, or Tax Sheltered Annuity. |
Original Income Benefit Base – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, the initial benefit base calculated on the date the option is elected, which is equal to the Contract Value. |
Qualified Plan – A retirement plan that receives favorable tax treatment under Section 401 of the Internal Revenue Code, including Investment-Only Contracts. In this prospectus, all provisions applicable to Qualified Plans also apply to Investment-Only Contracts unless specifically stated otherwise. |
Quarterly Contract Anniversary – Each recurring three-month anniversary of the date the contract was issued. |
Rate Sheet Supplement – Supplements to the prospectus that we file periodically with the SEC to provide for and modify certain rates that are associated with various optional benefits available under the contract. The Rate Sheet Supplements disclose the Roll-up Interest Rates, Roll-up Crediting Periods, Lifetime Withdrawal Percentages, and Interest Anniversary Rate that are currently available for new contracts. |
Roll-up Crediting Period – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, beginning with the date the contract is issued, the Roll-up Crediting Period is the maximum period of time that the Roll-up Interest Rate will apply for. The Rate Sheet Supplement discloses the Roll-up Crediting Periods that are currently available for new contracts. |
Roll-up Interest Rate – For purposes of the Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max, the simple interest rate used to determine the roll-up in the calculation of the Current Income Benefit Base. The Rate Sheet Supplement discloses the Roll-up Interest Rates that are currently available for new contracts. For purposes of the Nationwide Lifetime Income Capture option, the indexed simple interest rate used to determine the roll-up in the calculation of the Current Income Benefit Base. |
Roth IRA – An annuity contract that qualifies for favorable tax treatment under Section 408A of the Internal Revenue Code. |
SEC – Securities and Exchange Commission. |
SEP IRA – An annuity contract which qualifies for favorable tax treatment under Section 408(k) of the Internal Revenue Code. |
Service Center – The department of Nationwide responsible for receiving all service and transaction requests relating to the contract. For service and transaction requests submitted other than by telephone (including fax requests), the Service Center is Nationwide's mail and document processing facility. For service and transaction requests communicated by telephone, the Service Center is Nationwide's operations processing facility. Information on how to contact the Service Center is in the Contacting the Service Center provision. |
Simple IRA – An annuity contract which qualifies for favorable tax treatment under Section 408(p) of the Internal Revenue Code. |
Sub-Accounts – Divisions of the Variable Account, each of which invests in a single underlying mutual fund. |
Tax Sheltered Annuity – An annuity that qualifies for favorable tax treatment under Section 403(b) of the Internal Revenue Code. |
Valuation Date – Each day the New York Stock Exchange is open for business or any other day during which there is a sufficient degree of trading such that the current Net Asset Value of the underlying mutual fund shares might be materially affected. Values of the Variable Account are determined as of the close of regular trading on the New York Stock Exchange, which generally closes at 4:00 p.m. EST. |
Valuation Period – The period of time commencing at the close of a Valuation Date and ending at the close of regular trading on the New York Stock Exchange for the next succeeding Valuation Date. |
Variable Account – Nationwide Variable Account-II, a separate account that Nationwide established to hold Contract Owner assets allocated to variable investment options. The Variable Account is divided into Sub-Accounts, each of which invests in a separate underlying mutual fund. |
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FEES AND EXPENSES (see Fee Table and Charges and Deductions) |
Charges for Early Withdrawals |
If the Contract Owner withdraws money from the contract within 7 years following his/her last purchase payment, a Contingent Deferred Sales Charge (or "CDSC") may apply (see Contingent Deferred Sales Charge). The CDSC is used to recoup sales and other expenses associated with the contract that Nationwide incurs during the early years of the contract. The CDSC will not exceed declining to 0% over For example, for a contract with a $100,000 investment, a withdrawal taken during the CDSC period could result in a CDSC of up to $ |
Ongoing Fees and Expenses (annual charges) |
The table below describes the fees and expenses that you may pay each year, depending on the options chosen. Please refer to your contract specifications page for information about the specific fees you will pay each year based on the options you have elected. | ||
Annual Fee |
Minimum |
Maximum | |
Base Contract |
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Investment options (underlying mutual fund fees and expenses) |
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Optional benefits available for an additional charge (for a single optional benefit, if elected) |
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Because each contract is customizable, the options elected affect how much each Contract Owner’s will pay. To help you understand the cost of owning the contract, the following table shows the lowest and highest cost a Contract Owner’s could pay each year, based on current charges. This estimate assumes that no withdrawals are taken from the contract, which could add a CDSC that substantially increases costs. | |||
Lowest Annual Cost Estimate: $ |
Highest Annual Cost Estimate: $ | ||
Assumes: • Investment of $100,000 • 5% annual appreciation • Least expensive underlying mutual fund fees and expenses • No optional benefits • No CDSC • No additional purchase payments, transfers or withdrawals |
Assumes: • Investment of $100,000 • 5% annual appreciation • Most expensive combination of optional benefits and underlying mutual fund fees and expenses • No CDSC • No additional purchase payments, transfers or withdrawals |
RISKS | |
Risk of Loss |
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Not a Short-Term Investment |
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RISKS |
Risks Associated with Investment Options |
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Insurance Company Risks |
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RESTRICTIONS | |
Investments |
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Optional Benefits |
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TAXES | |
Tax Implications |
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CONFLICTS OF INTEREST | |
Investment Professional Compensation |
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CONFLICTS OF INTEREST | |
Exchanges |
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Transaction Expenses | |
Maximum Contingent Deferred Sales Charge ("CDSC") (as a percentage of purchase payments withdrawn) |
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Number of Completed Years from Date of Purchase Payment |
0 |
1 |
2 |
3 |
4 |
5 |
6 |
7+ |
CDSC Percentage |
7% |
7% |
6% |
5% |
4% |
3% |
2% |
0% |
Annual Contract Expenses | |
Maximum Administrative Expense1 |
$ |
Base Contract Expenses2 (assessed as an annualized percentage of Daily Net Assets) |
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Optional Benefit Expenses3 |
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Optional Death Benefits4 (assessed as an annualized percentage of Daily Net Assets) |
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Return of Premium Death Benefit Option Charge |
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Return of Premium Death Benefit Option with Spousal Protection Charge |
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Highest Anniversary Value Death Benefit Option Charge |
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Highest Anniversary Value Death Benefit Option with Spousal Protection Charge |
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Living Benefit Options5 (assessed as an annualized percentage of the Current Income Benefit Base6) |
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Maximum Nationwide Lifetime Income Rider Plus Core Charge |
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Maximum Joint Option for the Nationwide Lifetime Income Rider Plus Core Charge (this is in addition to the charge for the Nationwide Lifetime Income Rider Plus Core option) |
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Maximum Nationwide Lifetime Income Rider Plus Accelerated Charge |
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Maximum Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated Charge (this is in addition to the charge for the Nationwide Lifetime Income Rider Plus Accelerated option) |
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Maximum Nationwide Lifetime Income Rider Plus Max Charge |
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Maximum Joint Option for the Nationwide Lifetime Income Rider Plus Max Charge (this is in addition to the charge for the Nationwide Lifetime Income Rider Plus Max option) |
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Annual Underlying Mutual Fund Expenses | ||
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Minimum |
Maximum |
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If the contract is surrendered at the end of the applicable time period |
If the contract is annuitized at the end of the applicable time period |
If the contract is not surrendered | |||||||||
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1 Yr. |
3 Yrs. |
5 Yrs. |
10 Yrs. |
1 Yr. |
3 Yrs. |
5 Yrs. |
10 Yrs. |
1 Yr. |
3 Yrs. |
5 Yrs. |
10 Yrs. |
Maximum Annual Underlying Mutual Fund Expenses (4.26%) |
$ |
$ |
$ |
$ |
* |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
Minimum Annual Underlying Mutual Fund Expenses (0.57%) |
$ |
$ |
$ |
$ |
* |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
Number of Completed Years from Date of Purchase Payment |
0 |
1 |
2 |
3 |
4 |
5 |
6 |
7+ |
CDSC Percentage |
7% |
7% |
6% |
5% |
4% |
3% |
2% |
0% |
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Maximum Fee |
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Maximum Fee |
Current Fee |
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Net Assets) |
Net Assets) |
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Net Assets) |
Net Assets) |
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Net Assets) |
Net Assets) |
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Net Assets) |
Net Assets) |
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(Current Income Benefit Base) |
(Current Income Benefit Base) |
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(Current Income Benefit Base) |
(Current Income Benefit Base) |
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(Current Income Benefit Base) |
(Current Income Benefit Base) |
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(Current Income Benefit Base) |
(Current Income Benefit Base) |
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(Current Income Benefit Base) |
(Current Income Benefit Base) |
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(Current Income Benefit Base) |
(Current Income Benefit Base) |
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Example: |
On June 1, which is before her Annuitization Date, Ms. P passes away. She has elected the standard death benefit. On the date of Ms. P’s death, her Contract Value = $24,000. The death benefit for Ms. P’s contract will equal $24,000. |
Example: |
Mr. V, who has owned his contract for 4 years, was recently diagnosed with a terminal illness and wishes to surrender his contract. Under the Enhanced Surrender Value for Terminal Illness, assuming all conditions were met, upon surrender of the contract, Nationwide will pay Mr. V his Contract Value and an additional amount necessary to equal the death benefit that Mr. V elected. |
Example: |
On June 1, which is before her Annuitization Date, Ms. P passes away. She has elected the Return of Premium Death Benefit Option. On the date of Ms. P’s death, her Contract Value = $24,000 and her total purchase payments (adjusted for amounts withdrawn) = $26,000. The death benefit for Ms. P’s contract will equal $26,000. |
(A x F) + B(1 - F), where | |||
A |
= |
the greater of: | |
|
|
(1) |
the Contract Value; or |
|
|
(2) |
the total of all purchase payments, less an adjustment for amounts withdrawn. |
B |
= |
the Contract Value; and | |
F |
= |
the ratio of $3,000,000 to the total of all purchase payments made to the contract. |
Example: |
On June 1, which is before her Annuitization Date, Ms. P passes away. She has elected the Return of Premium Death Benefit Option. On the date of Ms. P’s death, her Contract Value = $3,500,000, her total purchase payments (adjusted for amounts withdrawn) = $4,000,000, and F = $3,000,000 / $4,000,000 or 0.75. The death benefit for Ms. P’s contract is determined as follows: |
(A x F) + B(1 - F), which is |
($4,000,000 x 0.75) + $3,500,000(1 - 0.75), which is |
$3,000,000 + $875,000 |
The death benefit for Ms. P’s contract is $3,875,000. |
Example: |
On June 1, which is before her Annuitization Date, Ms. P passes away. She has elected the Return of Premium Death Benefit Option with Spousal Protection. On the date of Ms. P’s death, her Contract Value = $24,000 and her total purchase payments (adjusted for amounts withdrawn) = $26,000. The death benefit for Ms. P’s contract will equal $26,000. |
(A x F) + B(1 - F), where | |||
A |
= |
the greater of: | |
|
|
(1) |
the Contract Value; or |
|
|
(2) |
the total of all purchase payments, less an adjustment for amounts withdrawn. |
B |
= |
the Contract Value; and | |
F |
= |
the ratio of $3,000,000 to the total of all purchase payments made to the contract. |
Example: |
On June 1, which is before her Annuitization Date, Ms. P passes away. She has elected the Return of Premium Death Benefit Option with Spousal Protection. On the date of Ms. P’s death, her Contract Value = $3,500,000, her total purchase payments (adjusted for amounts withdrawn) = $4,000,000, and F = $3,000,000 / $4,000,000 or 0.75. The death benefit for Ms. P’s contract is determined as follows: |
(A x F) + B(1 - F), which is |
($4,000,000 x 0.75) + $3,500,000(1 - 0.75), which is |
$3,000,000 + $875,000 |
Example: |
For an example of how the Highest Anniversary Value Death Benefit Option is calculated, see Appendix E: Highest Anniversary Value Death Benefit Option Example |
A x F + B x (1 - F) Where: | |||
A |
= |
The greatest of: | |
|
|
(1) |
the Contract Value; |
|
|
(2) |
the total of all purchase payments made to the contract, less an adjustment for amounts withdrawn; and |
|
|
(3) |
the highest Contract Value on any Contract Anniversary before the Annuitant's 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary. |
B |
= |
the Contract Value; | |
F |
= |
the ratio of $3,000,000 to the total of all purchase payments made to the contract. |
Example: |
On June 1, which is before her Annuitization Date, Ms. P passes away. She has elected the Highest Anniversary Value Death Benefit Option. On the date of Ms. P’s death, her Contract Value = $3,500,000, her total purchase payments = $4,000,000, and A = $4,300,000. Therefore, F = $3,000,000 / $4,000,000 or 0.75, and the death benefit for Ms. P’s contract is determined as follows: |
(A x F) + B(1 - F), which is |
($4,300,000 x 0.75) + $3,500,000(1 - 0.75), which is |
$3,225,000 + $875,000 |
The death benefit for Ms. P’s contract is $4,100,000. |
Example: |
For an example of how the Highest Anniversary Value Death Benefit Option with Spousal Protection is calculated, see Appendix F: Highest Anniversary Value Death Benefit Option with Spousal Protection Example |
A x F + B x (1 - F) Where: | |||
A |
= |
The greatest of: | |
|
|
(1) |
the Contract Value; |
|
|
(2) |
the total of all purchase payments made to the contract, less an adjustment for amounts withdrawn; and |
|
|
(3) |
the highest Contract Value on any Contract Anniversary before the Annuitant's 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary. |
B |
= |
the Contract Value; | |
F |
= |
the ratio of $3,000,000 to the total of all purchase payments made to the contract. |
Example: |
On June 1, which is before her Annuitization Date, Ms. P passes away. She has elected the Highest Anniversary Value Death Benefit Option with Spousal Protection. On the date of Ms. P’s death, her Contract Value = $3,500,000, her total purchase payments = $4,000,000, and A = $4,300,000. Therefore, F = $3,000,000 / $4,000,000 or 0.75, and the death benefit for Ms. P’s contract is determined as follows: |
(A x F) + B(1 - F), which is |
($4,300,000 x 0.75) + $3,500,000(1 - 0.75), which is |
$3,225,000 + $875,000 |
The death benefit for Ms. P’s contract is $4,100,000. |
Example: |
On June 1, which is before her Annuitization Date, Ms. P passes away. Her death benefit contains the Spousal Protection benefit. The death benefit on Ms. P’s contract equals $24,000. |
Ms. P was married to Mr. P at the time of her death. Under the Spousal Protection benefit, assuming all conditions were met, Mr. P has the option, instead of receiving the $24,000 death benefit, to continue the contract as if it were his own. If he elects to do so, the Contract Value, if it is lower than $24,000, will be adjusted to equal the $24,000 death benefit. From that point forward, the contract will be his and all provisions of the contract apply. Upon Mr. P’s death, his beneficiary will then receive a death benefit equal to the elected death benefit under the contract. |
Reduction to Current Income Benefit Base |
= |
Gross dollar amount of the Non-Lifetime Withdrawal |
X |
Current Income Benefit Base prior to the Non-Lifetime Withdrawal |
Contract Value (prior to the Non- Lifetime Withdrawal) |
Reduction to Original Income Benefit Base |
= |
Gross dollar amount of the Non-Lifetime Withdrawal |
X |
Original Income Benefit Base |
Contract Value (prior to the Non- Lifetime Withdrawal) |
Reduction to subsequent purchase payments before the Non-Lifetime Withdrawal |
= |
Gross dollar amount of the Non-Lifetime Withdrawal |
X |
Subsequent purchase payments applied before the Non-Lifetime Withdrawal |
Contract Value (prior to the Non- Lifetime Withdrawal) |
Example: |
Assume a contract is issued on July 1 and a Contract Owner elects to take the first Lifetime Withdrawal in December of the same calendar year that the contract is issued. Also assume that at the time of the first Lifetime Withdrawal the non-prorated Lifetime Withdrawal Amount is $12,000. Here, the prorated Lifetime Withdrawal Amount would be $6,000 ((12- 7+1) months / 12 months x $12,000). |
Example: |
Assume a contract is issued on July 1 and a Contract Owner elects to take the first Lifetime Withdrawal before December 31 of the same calendar year that the contract is issued. Also assume that at the time of the first Lifetime Withdrawal the non-prorated Lifetime Withdrawal Amount is $12,000. Here, the prorated Lifetime Withdrawal Amount would be $6,049 (184 days ÷ 365 days x $12,000). |
Example: | |
The following is an example of the Contract Value reaching $0 due to a Lifetime Withdrawal, and the switching of the Lifetime Withdrawal Percentages for the Nationwide Lifetime Income Rider Plus Accelerated or Nationwide Lifetime Income Rider Plus Max: | |
Assume a Contract Owner purchases a contract on April 1, 2020 for $100,000. On April 1, 2023, assume the contract stands as follows: | |
Total purchase payments: |
$100,000 |
Contract Value: |
$103,929 |
Roll-up Interest Rate: |
6.00% |
Current Income Benefit Base: |
$118,000 |
Assume the Contract Owner elects to begin lifetime income, taking the first Lifetime Withdrawal on January 1, 2024. At the time of the first Lifetime Withdrawal, assume the applicable Lifetime Withdrawal Percentages are 5.50% for Contract Value greater than $0 and 3.00% once Contract Value reaches $0. Assuming no change to the Current Income Benefit Base from April 1, 2023, the Lifetime Withdrawal Amount would be $6,490 ($118,000 x 0.055). | |
Thereafter, assume the Contract Owner takes the full Lifetime Withdrawal Amount of $6,490 on January 1 of each calendar year. | |
On January 1, 2039, assume that the Contract Value is now $6,037. The Contract Owner can again take the full Lifetime Withdrawal Amount of $6,490 on January 1, 2039, which would then reduce the Contract Value to $0. | |
On January 1, 2040, assuming the Current Income Benefit Base is still $118,000, the new Lifetime Withdrawal Amount would be $3,540 ($118,000 x 0.03). |
Example: |
For an example of how the Income Carryforward feature of the L.inc Plus Riders is calculated, see Appendix G: Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, and Nationwide Lifetime Income Rider Plus Max Example. |
dollar amount of the excess withdrawal |
X |
Current Income Benefit Base prior to the withdrawal |
Contract Value (reduced by the amount of the Lifetime Withdrawal Amount withdrawn) |
Example: |
If the Current Income Benefit Base is $50,000, the Contract Value is $60,000, the Lifetime Withdrawal Amount is $5,000, there is no Income Carryforward amount available, and a withdrawal of $55,000 is taken, then $50,000 of the amount withdrawn is an excess withdrawal ($55,000-$5,000). As a result, the Current Income Benefit Base of $50,000 is reduced by $50,000 (the dollar amount of the excess withdrawal), which is the greater of $50,000 or $45,455 [[$50,000/($60,000-$5,000)] x $50,000], and therefore the rider terminates as the Current Income Benefit Base would be reduced to $0. |
Example: |
At the time of application, Ms. J purchased the Joint Option for the Nationwide Lifetime Income Rider Plus Core. She began taking Lifetime Withdrawals when she was 62. Three years later, Ms. J passed away. Mr. J, Ms. J’s surviving spouse, is entitled to continue to receive the same Lifetime Withdrawals for the duration of his lifetime. At Mr. J’s death, the contract will terminate. |
Trading Behavior |
Nationwide's Response |
Six or more transfer events within one calendar quarter |
Nationwide will mail a letter to the Contract Owner notifying them that: (1)they have been identified as engaging in harmful trading practices; and (2)if their transfer events total 11 within two consecutive calendar quarters or 20 within one calendar year, the Contract Owner will be limited to submitting transfer requests via U.S. mail on a Nationwide issued form. |
11 transfer events within two consecutive calendar quarters OR 20 transfer events within one calendar year |
Nationwide will automatically limit the Contract Owner to submitting transfer requests via U.S. mail on a Nationwide issued form. |
Example: |
Mr. C elects to participate in Asset Rebalancing and has instructed his Contract Value be allocated as follows: 40% to Sub-Account A, 40% to Sub-Account B, and 20% to Sub- Account C. Mr. C elects to rebalance quarterly. Each quarter, Nationwide will automatically rebalance Mr. C’s Contract Value by transferring Contract Value among the three elected Sub-Accounts so that his 40%/40%/20% allocation remains intact. |
Example: |
Ms. T elects to participate in Dollar Cost Averaging and has transferred $25,000 to an eligible Sub-Account (Sub-Account S) that will serve as the source investment option for her Dollar Cost Averaging program. She would like the Dollar Cost Averaging transfers to be allocated as follows: $500 to Sub-Account L and $1,000 to Sub-Account M. Each month, Nationwide will automatically transfer $1,500 from Sub-Account S and allocate $1,000 to Sub-Account M and $500 to Sub-Account L. |
Example: |
Mr. E elects to participate in Enhanced Fixed Account Dollar Cost Averaging and has allocated new purchase payments of $22,000 to the Fixed Account, which will receive an enhanced interest crediting rate. He would like the Enhanced Fixed Account Dollar Cost Averaging transfers to be allocated as follows: $1,000 to Sub-Account L and $1,000 to Sub- Account M. Each month, Nationwide will automatically transfer $2,000 from the Fixed Account and allocate $1,000 to Sub-Account M and $1,000 to Sub-Account L. |
Example: |
Ms. S, who has elected a living benefit, elects to participate in Dollar Cost Averaging for Living Benefits and has allocated new purchase payments of $22,000 to the Fixed Account. She would like the Dollar Cost Averaging for Living Benefits transfers to be allocated as follows: $1,000 to Sub-Account L and $1,000 to Sub-Account M, both of which are permitted Sub-Accounts in the living benefit that Ms. S elected. Each month, Nationwide will automatically transfer $2,000 from the Fixed Account and allocate $1,000 to Sub-Account M and $1,000 to Sub-Account L. |
Example: |
Mr. V elects to participate in Fixed Account Interest Out Dollar Cost Averaging and has allocated new purchase payments of $25,000 to the Fixed Account. He would like the Fixed Account Interest Out Dollar Cost Averaging transfers to be allocated as follows: 50% to Sub- Account L and 50% to Sub-Account M. Each month, Nationwide will automatically transfer the interest credited to the Fixed Account allocations to Sub-Account M and Sub-Account L on a 50%/50% basis. |
Example: |
Ms. H elects to take Systematic Withdrawals equal to $5,000 on a quarterly basis. She has not directed that the withdrawals be taken from specific Sub-Accounts, so each quarter, Nationwide will withdraw $5,000 from Ms. H’s contract proportionally from each Sub- Account, and will mail her a check or wire the funds to the financial institution of her choice. |
Example: |
Mr. U elected a living benefit that permits use of Custom Choice Asset Rebalancing Service and elects to enroll in the service. At the time of enrollment, allocation limitations are 40%- 100% to Group A, 0%-60% to Group B, and 0%-10% to Group C. He selects two Sub- Accounts from Group A (30% each), two Sub-Accounts from Group B (15% each), and one Sub-Account from Group C (10%). Each quarter, Nationwide will automatically rebalance Mr. U’s Contract Value by transferring Contract Value among the five elected Sub-Accounts so that his allocation percentages remain intact. |
Example: |
Mr. Y, who elected a living benefit, elects a Static Asset Allocation Model, the XYZ Option (33% Sub-Account X, 33% Sub-Account Y, and 34% Sub-Account Z). As a result, Mr. Y’s entire Contract Value will be allocated as follows: 33% Sub-Account X, 33% Sub-Account Y, and 34% Sub-Account Z. Each quarter, Nationwide will automatically rebalance Mr. Y’s Contract Value by transferring Contract Value among the Sub-Accounts so that the selected Static Asset Allocation Model percentages remain intact. |
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This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2022 Investment Advisor: |
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This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2021 Investment Advisor: Subadvisor: |
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Investment Advisor: |
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(formerly, Calvert Variable Products, Inc. - Calvert VP Nasdaq 100 Index Portfolio: Class F) Investment Advisor: Subadvisor: |
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Series: Service Class) Investment Advisor: Subadvisor: |
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This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2023 Investment Advisor: |
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Investment Advisor: Subadvisor: |
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This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2023 Investment Advisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2023 Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2022 Investment Advisor: |
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Investment Advisor: |
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This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2023 Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: Subadvisor: |
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This underlying mutual fund is only available in contracts for which good order applications were received before April 26, 2024 Investment Advisor: Subadvisor: |
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This underlying mutual fund is only available in contracts for which good order applications were received before April 28, 2023 Investment Advisor: Subadvisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: |
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This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2021 Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: |
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Type |
Underlying Mutual Fund and Adviser/Sub-Adviser |
Current Expenses |
Average Annual Total Returns (as of 12/31/2023) | ||
1 year |
5 year |
10 year | |||
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: |
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This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2021 Investment Advisor: Subadvisor: |
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Investment Advisor: |
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This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2023 Investment Advisor: Subadvisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: Subadvisor: |
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Type |
Underlying Mutual Fund and Adviser/Sub-Adviser |
Current Expenses |
Average Annual Total Returns (as of 12/31/2023) | ||
1 year |
5 year |
10 year | |||
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Investment Advisor: Subadvisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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This underlying mutual fund is no longer available to receive transfers or new purchase payments effective September 11, 2020 Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Type |
Underlying Mutual Fund and Adviser/Sub-Adviser |
Current Expenses |
Average Annual Total Returns (as of 12/31/2023) | ||
1 year |
5 year |
10 year | |||
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This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2023 Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2024 Investment Advisor: Subadvisor: |
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- |
- |
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Investment Advisor: Subadvisor: |
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This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2022 Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: |
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Investment Advisor: Subadvisor: |
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Type |
Underlying Mutual Fund and Adviser/Sub-Adviser |
Current Expenses |
Average Annual Total Returns (as of 12/31/2023) | ||
1 year |
5 year |
10 year | |||
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Investment Advisor: Subadvisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2023 Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Type |
Underlying Mutual Fund and Adviser/Sub-Adviser |
Current Expenses |
Average Annual Total Returns (as of 12/31/2023) | ||
1 year |
5 year |
10 year | |||
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: |
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This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2024 Investment Advisor: |
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This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2024 Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: |
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Type |
Underlying Mutual Fund and Adviser/Sub-Adviser |
Current Expenses |
Average Annual Total Returns (as of 12/31/2023) | ||
1 year |
5 year |
10 year | |||
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: Subadvisor: |
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Investment Advisor: |
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Investment Advisor: |
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Investment Advisor: Subadvisor: |
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Investment Option |
Nationwide Lifetime Income Rider Plus Core |
Nationwide Lifetime Income Rider Plus Accelerated |
Nationwide Lifetime Income Rider Plus Max |
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2 |
X |
X |
X |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II |
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X |
X |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II |
X |
X |
X |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II |
|
X |
X |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II |
X |
X |
X |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II |
X |
X |
X |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II |
X |
X |
X |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II |
X |
X |
X |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II |
X |
X |
X |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II |
X |
X |
X |
Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II |
|
X |
X |
Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II |
X |
X |
X |
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II |
|
X |
X |
Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II |
X |
X |
X |
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II |
X |
X |
X |
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II |
X |
X |
X |
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II |
X |
X |
X |
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II |
|
X |
X |
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II |
X |
X |
X |
Investment Option |
Nationwide Lifetime Income Rider Plus Core |
Nationwide Lifetime Income Rider Plus Accelerated |
Nationwide Lifetime Income Rider Plus Max |
Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II |
X |
X |
X |
Static Asset Allocation Models - American Funds Managed Moderate Option (40% NVIT - NVIT Managed American Funds Growth-Income Fund, 40% NVIT - NVIT Managed American Funds Asset Allocation Fund and 20% NVIT - NVIT American Funds Bond Fund) |
X |
X |
X |
Static Asset Allocation Models - American Funds Moderate Option (40% NVIT American Funds Growth-Income Fund, 40% NVIT American Funds Asset Allocation Fund and 20% NVIT American Funds Bond Fund) |
X |
X |
X |
Static Asset Allocation Models – BlackRock Moderate Option (40% NVIT BlackRock Equity Dividend V.I. Fund, 33% NVIT BlackRock Managed Global Allocation Fund and 27% BlackRock Total Return V.I. Fund) |
X |
X |
X |
Static Asset Allocation Models - Fidelity® VIP Funds Moderate Option (40% Fidelity VIP Growth & Income Portfolio - Service Class 2, 30% Fidelity VIP Balanced Portfolio - Service Class 2 and 30% Fidelity VIP Investment Grade Bond Portfolio - Service Class 2) |
X |
X |
X |
Static Asset Allocation Models - J.P. Morgan Moderate Option (40% NVIT - NVIT J.P.Morgan Disciplined Equity Fund, 40% NVIT - NVIT Government Money Market Fund and 20% Lincoln Variable Insurance Products Trust - JPMorgan Core Bond Fund) |
X1 |
X1 |
X1 |
Static Asset Allocation Models - Nationwide Variable Insurance Trust iShares Moderate Option (60% Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II and 40% Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II) |
X |
X |
X |
Custom Choice Asset Rebalancing Service |
X |
X |
X |
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Nationwide Lifetime Income Rider Plus Core Option |
Nationwide Lifetime Income Rider Plus Accelerated Option |
Nationwide Lifetime Income Rider Plus Max Option |
Group A |
40% - 100% |
0% - 100% |
0% - 100% |
Group B |
0% - 60% |
0% - 100% |
0% - 100% |
Group C |
0% - 10% |
0% - 10% |
0% - 10% |
Total |
100% |
100% |
100% |
Underlying Mutual Fund |
Group A |
Group B |
Group C |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Large Cap Growth Portfolio: Class B |
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X |
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AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Relative Value Portfolio: Class A |
|
X |
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American Funds Insurance Series® - American Funds® Global Balanced Fund: Class 4 |
|
X |
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Underlying Mutual Fund |
Group A |
Group B |
Group C |
American Funds Insurance Series® - American High-Income Trust: Class 4 |
X |
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American Funds Insurance Series® - Capital Income Builder®: Class 4 |
|
X |
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American Funds Insurance Series® - Global Small Capitalization Fund: Class 4 |
|
X |
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American Funds Insurance Series® - New World Fund®: Class 4 |
|
X |
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American Funds Insurance Series® - U.S. Government Securities Fund: Class 2 |
X |
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American Funds Insurance Series® - Washington Mutual Investors Fund: Class 4 |
|
X |
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BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III |
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X |
BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III |
X |
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BlackRock Variable Series Funds, Inc. - BlackRock 60/40 Target Allocation ETF V.I. Fund: Class III |
|
X |
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BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III |
|
X |
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Calvert Variable Series, Inc. - Calvert VP SRI Balanced Portfolio: Class F |
|
X |
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Calvert Variable Trust, Inc. - CVT Nasdaq 100 Index Portfolio: Class F |
|
X |
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Columbia Funds Variable Insurance Trust II - Columbia Variable Portfolio - Seligman Global Technology: Class 2 |
|
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X |
Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - High Yield Bond Fund: Class 2 |
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|
X |
Delaware VIP Trust - Macquarie VIP Small Cap Value Series: Service Class |
|
X |
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Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class |
X |
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Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2 |
|
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X |
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2 |
|
X |
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Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 |
|
X |
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Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 |
|
|
X |
Fidelity Variable Insurance Products Fund - VIP Floating Rate High Income Portfolio: Initial Class |
X |
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Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2 |
|
X |
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Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2 |
|
X |
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Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2 |
X |
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Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class 2 |
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X |
Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2 |
|
X |
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Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares |
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|
X |
Invesco - Invesco V.I. Global Fund: Series II |
|
X |
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Invesco - Invesco V.I. Main Street Small Cap Fund: Series II |
|
X |
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Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares |
|
X |
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Janus Aspen Series - Janus Henderson Enterprise Portfolio: Service Shares |
|
X |
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Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares |
X |
|
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Janus Aspen Series - Janus Henderson Global Research Portfolio: Service Shares |
|
X |
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Janus Aspen Series - Janus Henderson Global Sustainable Equity Portfolio: Institutional Shares |
|
|
X |
Janus Aspen Series - Janus Henderson Global Technology and Innovation Portfolio: Service Shares |
|
X |
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Janus Aspen Series - Janus Henderson Overseas Portfolio: Service Shares |
|
|
X |
Underlying Mutual Fund |
Group A |
Group B |
Group C |
Legg Mason Partners Variable Equity Trust - ClearBridge Variable Small Cap Growth Portfolio: Class II |
|
X |
|
Lincoln Variable Insurance Products Trust - LVIP American Century Inflation Protection Fund: Service Class |
|
|
X |
Lord Abbett Series Fund, Inc. - Short Duration Income Portfolio: Class VC |
|
|
X |
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC |
X |
|
|
MainStay VP Funds Trust - MainStay VP MacKay Convertible Portfolio: Service 2 Class |
|
X |
|
MFS® Variable Insurance Trust - MFS New Discovery Series: Service Class |
|
X |
|
MFS® Variable Insurance Trust - MFS Total Return Bond Series: Service Class |
X |
|
|
MFS® Variable Insurance Trust - MFS Utilities Series: Service Class |
|
|
X |
MFS® Variable Insurance Trust II - MFS International Growth Portfolio: Service Class |
|
X |
|
MFS® Variable Insurance Trust III - MFS Global Real Estate Portfolio: Service Class |
|
|
X |
MFS® Variable Insurance Trust III - MFS Limited Maturity Portfolio: Service Class |
X |
|
|
MFS® Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class |
|
X |
|
Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II |
|
|
X |
Morgan Stanley Variable Insurance Fund, Inc. - Growth Portfolio: Class II |
|
|
X |
Nationwide Variable Insurance Trust - NVIT Allspring Discovery Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II |
X |
|
|
Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I |
X |
|
|
Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT BlackRock Managed Global Allocation Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT BNY Mellon Core Plus Bond Fund: Class II |
X |
|
|
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Core Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class Z |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Calvert Equity Fund: Class II |
|
X |
|
Underlying Mutual Fund |
Group A |
Group B |
Group C |
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class Z |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II |
X |
|
|
Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class II |
X |
|
|
Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I |
|
|
X |
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class II |
X |
|
|
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Invesco Small Cap Growth Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class II |
X |
|
|
Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Core Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Loomis Short Term Bond Fund: Class II |
X |
|
|
Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT NS Partners International Focused Growth Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II |
|
X |
|
Nationwide Variable Insurance Trust - NVIT Victory Mid Cap Value Fund: Class II |
|
X |
|
PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class |
|
|
X |
PIMCO Variable Insurance Trust - Commodity RealReturn® Strategy Portfolio: Advisor Class |
|
|
X |
PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class |
|
|
X |
Underlying Mutual Fund |
Group A |
Group B |
Group C |
PIMCO Variable Insurance Trust - Income Portfolio: Advisor Class |
X |
|
|
PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Advisor Class |
X |
|
|
PIMCO Variable Insurance Trust - Real Return Portfolio: Advisor Class |
|
X |
|
PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class |
|
|
X |
Pioneer Variable Contracts Trust - Pioneer Fund VCT Portfolio: Class II |
|
X |
|
Putnam Variable Trust - Putnam VT George Putnam Balanced Fund: Class IB |
|
X |
|
Putnam Variable Trust - Putnam VT International Equity Fund: Class IB |
|
X |
|
Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB |
|
X |
|
Putnam Variable Trust - Putnam VT Sustainable Leaders Fund: Class IB |
|
X |
|
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II |
|
|
X |
T. Rowe Price Equity Series, Inc. - T. Rowe Price Mid-Cap Growth Portfolio: II |
|
|
X |
VanEck VIP Trust - VanEck VIP Global Gold Fund: Class S |
|
|
X |
VanEck VIP Trust - VanEck VIP Global Resources Fund: Class S |
|
|
X |
Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A |
|
|
X |
State |
State Law Variations |
California |
• The Enhanced Surrender Value for Terminal Illness is not available. • The Long-Term Care/Nursing Home and Terminal Illness Waiver is not available. • Joint owners are not limited to spouses. • "Contingent Deferred Sales Charge" is referred to as "Surrender Charge." • The Return of Premium Death Benefit Option, Return of Premium Death Benefit Option w/Spousal Protection, Highest Anniversary Death Benefit Option, Highest Anniversary Death Benefit Option w/Spousal Protection, Nationwide Lifetime Income Rider Plus Core, Nationwide Lifetime Income Rider Plus Accelerated, Nationwide Lifetime Income Rider Plus Max, Joint Option for the Nationwide Lifetime Income Rider Plus Core, Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated, and Joint Option for the Nationwide Lifetime Income Rider Plus Max will not automatically terminate if the Contract Owner is changed or the Contract is assigned. |
Delaware |
• Joint owners are not limited to spouses. |
Florida |
• The Annuity Commencement Date must be at least one year after the date the Contract is issued. • There are no restrictions on assignments. |
New Jersey |
• Joint owners are not limited to spouses. • Charitable Remainder Trusts are not available. |
Oregon |
• Joint owners are not limited to spouses. |
The greater of: | |
(1) |
A–C; or |
(2) |
B–C, |
A |
= |
the contract value immediately before the withdrawal; |
B |
= |
the guaranteed annual benefit amount immediately before the withdrawal; and |
C |
= |
the remaining investment in the contract. |
Roll-up Interest Rate |
Roll-up Crediting Period |
7% |
10 Years |
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
45 through 49 |
3.55% |
3.20% |
50 through 54 |
3.55% |
3.20% |
55 through 59 |
3.55% |
3.20% |
60 through 64 |
4.75% |
4.35% |
65 through 69 |
6.10% |
5.70% |
70 through 74 |
6.30% |
5.90% |
75 through 79 |
6.50% |
6.10% |
80 and older |
6.65% |
6.25% |
Roll-up Interest Rate |
Roll-up Crediting Period |
7% |
10 Years |
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
45 up to 59½ |
3.55% |
3.20% |
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
59½ through 64 |
4.60% |
4.30% |
65 through 69 |
5.70% |
5.30% |
70 through 74 |
6.05% |
5.65% |
75 through 80 |
6.25% |
5.90% |
81 and older |
6.55% |
6.25% |
Roll-up Interest Rate |
Roll-up Crediting Period |
7% |
10 Years |
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
45 up to 59½ |
3.50% |
3.20% |
59½ through 64 |
4.55% |
4.25% |
65 through 69 |
5.50% |
5.20% |
70 through 74 |
5.90% |
5.60% |
75 through 80 |
6.15% |
5.85% |
81 and older |
6.55% |
6.25% |
Roll-up Interest Rate |
Roll-up Crediting Period |
6% |
10 Years |
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
45 up to 59½ |
3.30% |
2.80% |
59½ through 64 |
4.30% |
3.80% |
65 through 69 |
5.50% |
5.00% |
70 through 74 |
5.60% |
5.10% |
75 through 80 |
5.70% |
5.20% |
81 and older |
6.30% |
5.80% |
Roll-up Interest Rate |
Roll-up Crediting Period |
5% |
10 Years |
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
45 up to 59½ |
3.30% |
2.80% |
59½ through 64 |
4.30% |
3.80% |
65 through 69 |
5.15% |
4.65% |
70 through 74 |
5.25% |
4.75% |
75 through 80 |
5.50% |
5.00% |
81 and older |
6.30% |
5.80% |
Roll-up Interest Rate |
Roll-up Crediting Period |
5.25% |
10 Years |
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
45 up to 59½ |
3.00% |
2.75% |
59½ through 64 |
4.00% |
3.75% |
65 through 69 |
5.35% |
5.10% |
70 through 74 |
5.50% |
5.25% |
75 through 80 |
5.75% |
5.50% |
81 and older |
6.30% |
6.05% |
Roll-up Interest Rate |
Roll-up Crediting Period |
5% |
10 Years |
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
45 up to 59½ |
3.30% |
3.05% |
59½ through 64 |
4.30% |
4.05% |
65 through 69 |
5.15% |
4.90% |
70 through 74 |
5.25% |
5.00% |
75 through 80 |
5.75% |
5.50% |
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Core's Lifetime Withdrawal Percentages* |
81 and older |
6.30% |
6.05% |
Roll-up Interest Rate |
Roll-up Crediting Period |
7% |
10 Years |
|
Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages* | ||
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
45 through 49 |
4.40% |
3.00% |
4.10% |
3.00% |
50 through 54 |
4.40% |
3.00% |
4.10% |
3.00% |
55 through 59 |
4.40% |
3.00% |
4.10% |
3.00% |
60 through 64 |
5.65% |
3.00% |
5.25% |
3.00% |
65 through 69 |
7.50% |
4.50% |
7.10% |
4.25% |
70 through 74 |
7.75% |
4.50% |
7.35% |
4.25% |
75 through 79 |
7.85% |
4.50% |
7.45% |
4.25% |
80 and older |
7.95% |
4.50% |
7.55% |
4.25% |
Roll-up Interest Rate |
Roll-up Crediting Period |
7% |
10 Years |
|
Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages* | ||
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
45 up to 59½ |
4.40% |
3.00% |
4.10% |
3.00% |
59½ through 64 |
5.50% |
3.00% |
5.15% |
3.00% |
65 through 69 |
7.15% |
4.25% |
6.65% |
4.00% |
70 through 74 |
7.35% |
4.25% |
6.90% |
4.00% |
75 through 80 |
7.50% |
4.25% |
7.10% |
4.00% |
|
Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages* | ||
81 and older |
7.65% |
4.25% |
7.15% |
4.00% |
Roll-up Interest Rate |
Roll-up Crediting Period |
7% |
10 Years |
|
Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages* | ||
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
45 up to 59½ |
4.40% |
3.00% |
4.10% |
3.00% |
59½ through 64 |
5.40% |
3.00% |
5.10% |
3.00% |
65 through 69 |
6.85% |
4.25% |
6.55% |
4.00% |
70 through 74 |
7.20% |
4.25% |
6.90% |
4.00% |
75 through 80 |
7.40% |
4.25% |
7.10% |
4.00% |
81 and older |
7.65% |
4.25% |
7.15% |
4.00% |
Roll-up Interest Rate |
Roll-up Crediting Period |
6% |
10 Years |
|
Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages* | ||
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
45 up to 59½ |
4.00% |
3.00% |
3.75% |
3.00% |
59½ through 64 |
5.00% |
3.00% |
4.75% |
3.00% |
65 through 69 |
6.50% |
4.00% |
6.25% |
4.00% |
70 through 74 |
6.75% |
4.00% |
6.50% |
4.00% |
75 through 80 |
7.00% |
4.00% |
6.75% |
4.00% |
81 and older |
7.00% |
4.00% |
6.75% |
4.00% |
Roll-up Interest Rate |
Roll-up Crediting Period |
5% |
10 Years |
|
Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Accelerated's Lifetime Withdrawal Percentages* | ||
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
45 up to 59½ |
4.00% |
3.00% |
3.75% |
3.00% |
59½ through 64 |
5.00% |
3.00% |
4.75% |
3.00% |
65 through 69 |
6.25% |
4.00% |
6.00% |
4.00% |
70 through 74 |
6.50% |
4.00% |
6.25% |
4.00% |
75 through 80 |
6.75% |
4.00% |
6.50% |
4.00% |
81 and older |
6.75% |
4.00% |
6.50% |
4.00% |
Roll-up Interest Rate |
Roll-up Crediting Period |
7% |
10 Years |
|
Nationwide Lifetime Income Rider Plus Max's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Max's Lifetime Withdrawal Percentages* | ||
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
45 through 49 |
4.40% |
3.00% |
4.10% |
3.00% |
50 through 54 |
4.40% |
3.00% |
4.10% |
3.00% |
55 through 59 |
4.40% |
3.00% |
4.10% |
3.00% |
60 through 64 |
5.65% |
3.00% |
5.25% |
3.00% |
65 through 69 |
8.50% |
3.50% |
8.10% |
3.25% |
70 through 74 |
8.75% |
3.50% |
8.35% |
3.25% |
75 through 79 |
9.00% |
3.50% |
8.60% |
3.25% |
80 and older |
9.10% |
3.50% |
8.70% |
3.25% |
Roll-up Interest Rate |
Roll-up Crediting Period |
7% |
10 Years |
|
Nationwide Lifetime Income Rider Plus Max's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Max's Lifetime Withdrawal Percentages* | ||
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
45 up to 59½ |
4.40% |
3.00% |
4.10% |
3.00% |
59½ through 64 |
5.50% |
3.00% |
5.10% |
3.00% |
65 through 69 |
8.20% |
3.25% |
7.80% |
3.00% |
70 through 74 |
8.40% |
3.25% |
8.05% |
3.00% |
75 through 80 |
8.65% |
3.25% |
8.30% |
3.00% |
81 and older |
8.75% |
3.25% |
8.45% |
3.00% |
Roll-up Interest Rate |
Roll-up Crediting Period |
7% |
10 Years |
|
Nationwide Lifetime Income Rider Plus Max's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Max's Lifetime Withdrawal Percentages* | ||
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
45 up to 59½ |
4.40% |
3.00% |
4.10% |
3.00% |
59½ through 64 |
5.40% |
3.00% |
5.10% |
3.00% |
65 through 69 |
8.00% |
3.25% |
7.70% |
3.00% |
70 through 74 |
8.25% |
3.25% |
7.95% |
3.00% |
75 through 80 |
8.50% |
3.25% |
8.20% |
3.00% |
81 and older |
8.75% |
3.25% |
8.45% |
3.00% |
Roll-up Interest Rate |
Roll-up Crediting Period |
7% |
10 Years |
|
Nationwide Lifetime Income Rider Plus Max's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Max's Lifetime Withdrawal Percentages* | ||
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
45 up to 59½ |
4.00% |
3.00% |
3.75% |
3.00% |
59½ through 64 |
5.00% |
3.00% |
4.75% |
3.00% |
65 through 69 |
7.50% |
3.00% |
7.25% |
3.00% |
70 through 74 |
8.00% |
3.00% |
7.75% |
3.00% |
75 through 80 |
8.00% |
3.00% |
7.75% |
3.00% |
81 and older |
8.00% |
3.00% |
7.75% |
3.00% |
Roll-up Interest Rate |
Roll-up Crediting Period |
5% |
10 Years |
|
Nationwide Lifetime Income Rider Plus Max's Lifetime Withdrawal Percentages* |
Joint Option for the Nationwide Lifetime Income Rider Plus Max's Lifetime Withdrawal Percentages* | ||
Contract Owner's Age (at the time of the first Lifetime Withdrawal) |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
Contract Value Greater Than $0 |
Once Contract Value Reaches $0 |
45 up to 59½ |
4.00% |
3.00% |
3.75% |
3.00% |
59½ through 64 |
5.00% |
3.00% |
4.75% |
3.00% |
65 through 69 |
7.50% |
3.00% |
7.25% |
3.00% |
70 through 74 |
8.00% |
3.00% |
7.75% |
3.00% |
75 through 80 |
8.00% |
3.00% |
7.75% |
3.00% |
81 and older |
8.00% |
3.00% |
7.75% |
3.00% |
Date |
Event/Transaction Type |
Transaction Amount |
Contract Value* |
01-01-1986 |
Initial Purchase Payment |
$100,000 |
$100,000 |
01-01-1990 |
Partial Withdrawal |
$10,000 |
$106,678 |
01-01-1994 |
Contract Anniversary |
n/a |
$123,362 |
03-01-1996 |
Annuitant’s 86th birthday |
n/a |
$111,026 |
02-01-2009 |
Annuitant’s death and the date Nationwide received information to pay the death benefit |
n/a |
$119,368 |
(1) |
the Contract Value; |
$119,368 |
(2) |
the total of all purchase payments, less an adjustment for amounts withdrawn; or |
$91,429 |
(3) |
the highest Contract Value on any Contract Anniversary prior to the Annuitant's 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary. |
$123,362 |
Date |
Event/Transaction Type |
Transaction Amount |
Contract Value* |
01-01-1986 |
Initial Purchase Payment |
$100,000 |
$100,000 |
01-01-1990 |
Partial Withdrawal |
$10,000 |
$106,678 |
01-01-1994 |
Contract Anniversary |
n/a |
$123,362 |
03-01-1996 |
Annuitant’s 86th birthday |
n/a |
$111,026 |
02-01-2009 |
Annuitant’s death and the date Nationwide received information to pay the death benefit |
n/a |
$119,368 |
(1) |
the Contract Value; |
$119,368 |
(2) |
the total of all purchase payments, less an adjustment for amounts withdrawn; or |
$91,429 |
(3) |
the highest Contract Value on any Contract Anniversary prior to the Annuitant's 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary. |
$123,362 |
|
Withdrawal Activity |
Before Withdrawal Processing |
After Withdrawal Processing |
| ||
Lifetime Withdrawals |
Income Carryforward Amount |
Lifetime Withdrawal Amount |
Income Carryforward Amount |
Lifetime Withdrawal Amount | ||
May 1, 2021 |
$3,000 |
$0 |
$4,240 |
$0 |
$1,240 |
The portion of the Lifetime Withdrawal Amount not taken in 2021 is the Income Carryforward amount for 2022. |
January 1, 2022 |
|
-- |
-- |
$1,240 |
$4,240 |
|
March 1, 2022 |
$1,000 |
$1,240 |
$4,240 |
$240 |
$4,240 |
Lifetime Withdrawals first reduce any available Income Carryforward amount. |
July 1, 2022 |
$4,000 |
$240 |
$4,240 |
$0 |
$480 |
The Income Carryforward amount can be taken in one or multiple withdrawals during the year. |
January 1, 2023 |
|
-- |
-- |
$480 |
$4,240 |
|
June 1, 2023 |
$4,720 |
$480 |
$4,240 |
$0 |
$0 |
The entire Lifetime Withdrawal Amount is taken in 2023, so there is no Income Carryforward amount for 2024. |
January 1, 2024 |
|
-- |
-- |
$0 |
$4,240 |
|
February 1, 2024 |
$3,000 |
$0 |
$3,000 |
$0 |
$1,240 |
The portion of the Lifetime Withdrawal Amount not taken in 2024 is the Income Carryforward amount for 2025. |
January 1, 2025 |
|
-- |
-- |
$1,240 |
$4,240 |
|
December 31, 2025 |
$1,000 |
$1,240 |
$4,240 |
$240 |
$4,240 |
The Income Carryforward amount is forfeited if not withdrawn in the calendar year in which it is available. |
January 1, 2026 |
|
-- |
-- |
$4,240 |
$4,240 |
|
September 1, 2026 |
$2,000 |
$4,240 |
$4,240 |
$2,240 |
$4,240 |
|
|
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3 | |
3 | |
3 |
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|
President and Chief Operating Officer and Director |
Carter, John L. |
Executive Vice President-Chief Human Resources Officer |
Clements, Vinita J. |
Executive Vice President-Chief Technology Officer |
Fowler, James R. |
Executive Vice President and Director |
Frommeyer, Timothy G. |
Executive Vice President-Chief Legal Officer |
Howard, Mark S. |
Executive Vice President-Chief Marketing Officer |
Jones, Ramon |
Executive Vice President-Chief Customer, Strategy and Innovation Officer |
Mahaffey, Michael W. |
Executive Vice President-Chief Transformation Officer |
Shore, Amy T. |
Senior Vice President-NF Strategic Customer Solutions |
Ambrozy, Tina S. |
Senior Vice President-Strategic Planning |
Amodeo, Daniel W. |
Senior Vice President-Marketing Management - Financial Services |
Bair, Ann S. |
Senior Vice President-Corporate Controller and Chief Accounting Officer |
Benson, James D. |
Senior Vice President-Head of Taxation |
Biesecker, Pamela A. |
Senior Vice President-Marketing Content & Delivery |
Boyd, Michael A. |
Senior Vice President-Legal – NF |
Boyer, John N. |
Senior Vice President-Human Resources – IT & Legal |
Bretz, Angela D. |
Senior Vice President-Chief Technology Officer - Nationwide Financial |
Carrel, Michael W. |
Senior Vice President-Chief Investment Officer |
Coleman, Joel L. |
Senior Vice President-Chief Compliance Officer |
Dankovic, Rae Ann |
Senior Vice President-Chief Risk Officer |
Diem, Klaus K. |
Senior Vice President-External Affairs |
English, Steven M. |
Senior Vice President-Trial Division |
Failor, Scott E. |
Senior Vice President-Chief Financial Officer - Nationwide Financial and Director |
Ginnan, Steven A. |
Senior Vice President-Annuity Distribution |
Guymon, Rona |
Senior Vice President-Retirement Solutions Sales |
Hawley, Craig A. |
Senior Vice President-Nationwide Annuity and Director |
Henderson, Eric S. |
Senior Vice President-Corporate Operations & Litigation Legal |
Innis-Thompson, Janice |
Senior Vice President-Investment Management Group |
Jestice, Kevin T. |
Senior Vice President-Internal Audit |
Jordan, Gregory S. |
Senior Vice President-Chief Innovation and Digital Officer |
Kandhari, Chetan D. |
Senior Vice President-Chief Technology Officer – Technology Strategy, Data & Innovation |
Kolp, Melanie A. |
Senior Vice President and Treasurer |
LaPaul, David |
Senior Vice President-Chief Information Security Officer |
Lukens, Todd |
Senior Vice President-Marketing Management - P&C |
MacKenzie, Jennifer B. |
Senior Vice President-Technology CFO & Procurement |
O'Brien, Kevin G. |
Senior Vice President-Corporate Solutions |
Perez, Juan J. |
Senior Vice President-Talent & Organization Effectiveness |
Pheister, Erin R. |
Senior Vice President-Nationwide Retirement Institute |
Rodriguez, Kristi L. |
Senior Vice President-Corporate Real Estate |
Sherry, Kieran P. |
Senior Vice President-Finance & Strategy Legal and Corporate Secretary |
Skingle, Denise L. |
Senior Vice President-Nationwide Life and Director |
Snyder, Holly R. |
Senior Vice President-Total Rewards |
Sonneman, Christopher Paul |
Senior Vice President-Retirement Solutions |
Stevenson, Eric |
Senior Vice President-Chief Advanced Analytics Officer |
Terry, Shannon |
Senior Vice President-Chief Technology Officer – Property & Casualty |
Vasudeva, Guruprasad C. |
Senior Vice President-Human Resources - NF |
Webster, Cynthia S. |
Director |
Walker, Kirt A. |
Company |
Jurisdiction of Domicile |
Brief Description of Business |
Nationwide Financial Services, Inc. |
Delaware |
The company acts primarily as a holding company for companies within the Nationwide organization that offer or distribute life insurance, long-term savings and retirement products. |
NFS Distributors, Inc. |
Delaware |
The company acts primarily as a holding company for Nationwide Financial Services, Inc. companies. |
Nationwide Financial General Agency, Inc. |
Pennsylvania |
The company is a multi-state licensed insurance agency. |
Nationwide Fund Distributors, LLC |
Delaware |
The company is a limited purpose broker-dealer. |
Nationwide Fund Management, LLC |
Delaware |
The company provides administration, transfer and dividend disbursing agent services to various mutual fund entities. |
Nationwide Retirement Solutions, Inc. |
Delaware |
The company markets and administers deferred compensation plans for public employees. |
Nationwide Securities, LLC |
Delaware |
The company is a general purpose broker-dealer and investment adviser registered with the Securities and Exchange Commission. |
Nationwide Trust Company, FSB |
Federal |
This is a federal savings bank chartered by the Office of Thrift Supervision in the United States Department of Treasury to exercise deposit, lending, agency, custody and fiduciary powers and to engage in activities permissible for federal savings banks under the Home Owners’ Loan Act of 1933. |
Nationwide Financial Services Capital Trust |
Delaware |
The trust’s sole purpose is to issue and sell certain securities representing individual beneficial interests in the assets of the trust |
525 Cleveland Avenue, LLC |
Ohio |
This is a limited liability company organized under the laws of the State of Ohio. The company was formed to provide remedial real property cleanup prior to sale. |
Nationwide Life Insurance Company 2 |
Ohio |
The corporation provides individual life insurance, group and health insurance, fixed and variable annuity products and other life insurance products. |
Jefferson National Life Insurance Company2,3 |
Texas |
The company provides life, health and annuity products. |
Jefferson National Life Annuity Company C2,3 |
|
A separate account issuing variable annuity products. |
Jefferson National Life Annuity Account E2,3 |
|
A separate account issuing variable annuity products. |
Jefferson National Life Annuity Account F2,3 |
|
A separate account issuing variable annuity products. |
Jefferson National Life Annuity Account G2,3 |
|
A separate account issuing variable annuity products. |
Jefferson National Life Insurance Company of New York2,3 |
New York |
The company provides variable annuity products. |
Jefferson National Life of New York Annuity Account 12,3 |
|
A separate account issuing variable annuity products. |
MFS Variable Account2,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Multi-Flex Variable Account2,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account2,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-II2,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-32,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-42,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-52,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-62,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-72,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-82,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-92,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Company |
Jurisdiction of Domicile |
Brief Description of Business |
Nationwide Variable Account-102,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-112,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-122,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-132,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-142,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-152,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Provident VA Separate Account 12,3 |
Pennsylvania |
A separate account issuing variable annuity contracts. |
Nationwide VLI Separate Account2,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-22,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-32,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-42,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-52,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-62,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-72,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide Provident VLI Separate Account 12,3 |
Pennsylvania |
A separate account issuing variable life insurance policies. |
Nationwide Investment Services Corporation3 |
Oklahoma |
This is a limited purpose broker-dealer and distributor of variable annuities and variable life products for Nationwide Life Insurance Company and Nationwide Life and Annuity Insurance Company. The company also provides educational services to retirement plan sponsors and its participants. |
Nationwide Financial Assignment Company3 |
Ohio |
The company is an administrator of structured settlements. |
Nationwide Investment Advisors, LLC3 |
Ohio |
The company provides investment advisory services. |
Eagle Captive Reinsurance, LLC3 |
Ohio |
The company is engaged in the business of insurance |
Nationwide Life and Annuity Insurance Company2,3 |
Ohio |
The company engages in underwriting life insurance and granting, purchasing and disposing of annuities. |
Nationwide VA Separate Account-A2,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide VA Separate Account-B2,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide VA Separate Account-C2,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide VA Separate Account-D2,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Provident VA Separate Account A2,3 |
Delaware |
A separate account issuing variable annuity contracts. |
Nationwide VL Separate Account-C2,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide VL Separate Account-D2,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide VL Separate Account-G2,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide Provident VLI Separate Account A2,3 |
Delaware |
A separate account issuing variable life insurance policies. |
Olentangy Reinsurance, LLC3 |
Vermont |
The company is a captive life reinsurance company. |
Nationwide SBL, LLC |
Ohio |
The company is a lender offering securities-back lines of credit. |
Registered Investment Advisors Services, Inc. |
Texas |
The company is a technology company that facilitates third-party money management services for registered investment advisors |
Nationwide Fund Advisors4 |
Delaware |
The trust acts as a registered investment advisor. |
Jefferson National Life Annuity Account C |
Nationwide Variable Account-14 |
Jefferson National Life Annuity Account E |
Nationwide Variable Account-15 |
Jefferson National Life Annuity Account F |
Nationwide VA Separate Account-A |
Jefferson National Life Annuity Account G |
Nationwide VA Separate Account-B |
Jefferson National Life of New York Annuity Account 1 |
Nationwide VA Separate Account-C |
MFS Variable Account |
Nationwide VA Separate Account-D |
Multi-Flex Variable Account |
Nationwide VLI Separate Account |
Nationwide Variable Account |
Nationwide VLI Separate Account-2 |
Nationwide Variable Account-II |
Nationwide VLI Separate Account-3 |
Nationwide Variable Account-3 |
Nationwide VLI Separate Account-4 |
Nationwide Variable Account-4 |
Nationwide VLI Separate Account-5 |
Nationwide Variable Account-5 |
Nationwide VLI Separate Account-6 |
Nationwide Variable Account-6 |
Nationwide VLI Separate Account-7 |
Nationwide Variable Account-7 |
Nationwide VL Separate Account-C |
Nationwide Variable Account-8 |
Nationwide VL Separate Account-D |
Nationwide Variable Account-9 |
Nationwide VL Separate Account-G |
Nationwide Variable Account-10 |
Nationwide Provident VA Separate Account 1 |
Nationwide Variable Account-11 |
Nationwide Provident VA Separate Account A |
Nationwide Variable Account-12 |
Nationwide Provident VLI Separate Account 1 |
Nationwide Variable Account-13 |
Nationwide Provident VLI Separate Account A |
President and Director |
Ambrozy, Tina S. |
Senior Vice President-Head of Taxation |
Biesecker, Pamela A. |
Senior Vice President and Secretary |
Skingle, Denise L. |
Vice President-Tax |
Eppley, Daniel P. |
Vice President and Assistant Secretary |
Garman, David A. |
Vice President-Chief Compliance Officer |
Rabenstine, James J. |
Vice President-CFO – Life Insurance |
Wild, Keith D. |
Associate Vice President and Treasurer |
Roswell, Ewan T. |
Associate Vice President and Assistant Treasurer |
Hacker, Hope C. |
Associate Vice President and Assistant Treasurer |
Reese, John A. |
Associate Vice President and Assistant Treasurer |
Walker, Tonya G. |
Assistant Secretary |
Bowman, Heidi |
Assistant Secretary |
Dokko, David |
Assistant Secretary |
Hartman, Mark E. |
Director |
Henderson, Eric S. |
Director |
Stevenson, Eric |
Name of Principal Underwriter |
Net Underwriting Discounts |
Compensation on Redemption |
Brokerage Commissions |
Other Compensation |
Nationwide Investment Services Corporation |
N/A |
N/A |
N/A |
N/A |
Nationwide Variable Account-II |
(Registrant) |
Nationwide Life Insurance Company |
(Depositor) |
By: /s/ Jamie Ruff Casto |
Jamie Ruff Casto Attorney-in-Fact |
JOHN L. CARTER |
|
John L. Carter, President and Chief Operating Officer and Director (Principal Executive Officer) |
|
HOLLY R. SNYDER |
|
Holly R. Snyder, Senior Vice President and Director |
|
TIMOTHY G. FROMMEYER |
|
Timothy G. Frommeyer, Executive Vice President and Director |
|
ERIC S. HENDERSON |
|
Eric S. Henderson, Senior Vice President-Nationwide Annuity and Director |
|
STEVEN A. GINNAN |
|
Steven A. Ginnan, Senior Vice President-Chief Financial Officer-Nationwide Financial and Director (Chief Financial Officer) |
|
KIRT A. WALKER |
|
Director |
|
JAMES D. BENSON |
|
James D. Benson, Senior Vice President-Corporate Controller and Chief Accounting Officer (Principal Accounting Officer) |
|
|
By: /s/ Jamie Ruff Casto |
|
Jamie Ruff Casto Attorney-in-Fact |