Application
– The application the Owner must complete to purchase a Policy plus all forms required by NLIC or applicable law. |
Attained
Age – The Issue Age of the Insured plus the number of full Policy Years since the Policy Date. |
Beneficiary
– The person(s) or entity(ies) designated to receive all or some of the Insurance Proceeds when the
Insured dies. The Beneficiary is designated in the Application or if subsequently
changed, as shown in the latest change filed with NLIC. If no Beneficiary
survives and unless otherwise provided, the Insured's estate will be the
Beneficiary. |
Code – The Internal Revenue Code of 1986, as amended. |
Company
(we, us, our, NLIC) – Nationwide Life Insurance Company. |
Evidence of Insurability – The medical records or other documentation that NLIC may require to satisfy the Policy's
underwriting standards. NLIC may require different and/or additional evidence depending
on the Insured's Premium Class; for example, NLIC generally requires more
documentation for Insureds in classes with extra ratings. NLIC also may
require different and/or additional evidence depending on the transaction requested; for example, NLIC may require more documentation for the issuance of a Policy than for an increase in Face Amount. |
Face
Amount – The dollar amount of insurance selected by the Owner. The Face Amount may be increased or decreased after issue, subject to certain conditions. The Face Amount is a factor in determining the death benefit,
surrender charges, and additional surrender charges. |
Final
Policy Date – The Policy Anniversary nearest the Insured's Attained Age 100 at which time the Policy Account
Value, if any, (less any outstanding Policy loan and accrued interest) will be paid to
the Owner if the Insured is living. The Policy will end on the Final
Policy Date. |
Free Look
Period – The period shown on the
Policy's front page during which the owner may examine and return the
Policy to the Service Center and receive a refund. The length of the Free Look Period
varies by state. |
Fund – An investment company that is registered with
the SEC. The Policy allows the owner to invest in certain
Portfolios of the Funds that are listed in Appendix A: Portfolios Available Under the
Policy. |
Grace
Period – The 61-day period allowed for payment of a premium following the date NLIC mails notice of the amount required to keep the Policy in force. |
Guaranteed
Account – Part of the NLIC general
account. Amounts allocated to the Guaranteed Account earn at least 4%
annual interest.. |
Indebtedness
– The total amount of all
outstanding Policy loans, including both principal and interest due. |
Initial
Face Amount – The Face Amount of the Policy on the Issue Date. The Face Amount may be increased or decreased after issue. |
Insurance
Proceeds – The net amount to be paid to the Beneficiary when the Insured dies. |
Insured
– The person whose life NLIC insures under the policy and whose death triggers the payment of the Death Benefit. |
Investment
Experience – The market performance of a
portfolio/Sub-Account. |
Issue Age
– The age of the Insured at his or her birthday nearest the Policy Date. The Issue Age is stated in the
Policy. |
Lapse – When the Policy terminates without value
after a Grace Period. The owner may reinstate a lapsed Policy,
subject to certain conditions. |
Loan Account – The account to which the collateral for the amount of any Policy loan is transferred from the
Subaccounts and/or the Guaranteed Account. |
Minimum Guarantee Premium – The amount necessary to guarantee the Policy will not Lapse during the first five
Policy Years (during the first eight Policy Years for Policies issued on or before July
31, 2005). It is equal to the minimum annual premium (as set forth in
your Policy) multiplied by the number of months since the Policy Date
(including the current month) divided by 12. |
Minimum Initial Premium – An amount equal to the minimum annual premium
(as set forth in your Policy) multiplied by the following factor for your
premium billing mode: annual 1.000; semi-annual 0.500; quarterly 0.250; monthly 0.167. |
Monthly Deductions – The amount deducted from the Policy Account
Value on each Policy Processing Day. It includes the monthly
administrative charge, the initial administrative charge, the monthly cost of insurance charge, and the monthly cost of any benefits provided by riders. |
Net Cash Surrender Value – The Cash Surrender Value minus any outstanding Policy loans and accrued
interest. |
Net
Premiums – The remainder of a
premium after the deduction of the Premium Expense Charge. |
Owner (also
Policy Owner, policy owner, owner, You and Your) – The person or entity named as the owner in the application, or the person assigned ownership rights. |
Policy
Account Value, or Cash Value – The
sum of the Policy's values in the Separate Account, the Guaranteed Account, and the Loan Account. |
Policy
Anniversary – The same day and month as the Policy Date in each later year. |
Policy
Date – The date set forth in the
Policy that is used to determine Policy Years and Policy Processing Days.
The Policy Date is generally the same as the Policy Issue Date but may be another date mutually agreed upon by NLIC
and the proposed Insured. |
Policy
Issue Date – The date on which the Policy is issued. It is used to measure suicide and contestable periods. |
Policy
Processing Day – The day in each calendar month which is the same day of the month as the Policy Date.
The 1st Policy Processing Day is the Policy Date. |
Policy
Year – A year that starts on the Policy Date or on a Policy Anniversary. |
Premium
Class – The classification of the Insured for cost of insurance purposes. The standard classes are: non-
smoker, smoker, and preferred. There also are classes with extra ratings.
|
Premiums
– All payments you make under the Policy other than repayments of Indebtedness. |
Rider – An amendment, addition, or endorsement to the
Policy that changes the terms of the Policy by: (1) expanding Policy
benefits; (2) restricting Policy benefits; or (3) excluding certain conditions from the Policy's coverage. A Rider that is added to the Policy becomes part of the Policy. |
SAI – The Statement of Additional Information ("SAI") that contains additional information regarding the Policy. The
SAI is not a prospectus, and should be read together with the prospectus. Owners may
obtain a copy of the SAI by writing or calling NLIC at the Service
Center. |
Separate
Account – The Nationwide Provident VLI Separate Account 1. |
Service
Center – The department of NLIC responsible for receiving all service and transaction requests relating to the
policy. For service and transaction requests submitted other than by telephone
(including fax requests), the Service Center is our mail and document
processing facility. For service and transaction requests communicated by
telephone, the Service Center is our operations processing facility.
|
Subaccount
– A subdivision of Nationwide
Provident VLI Separate Account 1. NLIC invests each Subaccount's assets
exclusively in shares of one Portfolio. |
Surrender
– To cancel the Policy by signed
Request from the Owner and return of the Policy to the Service Center. |
Target Premium – An amount of premium payments, computed separately for each increment of Face
Amount, used to compute Surrender Charges and Additional Surrender Charges. |
Valuation
Day – Each day that the New York Stock Exchange is open for business and any other day on which there
is a sufficient degree of trading with respect to a Subaccount's portfolio of
securities to materially affect the value of that Subaccount. As of the
date of this prospectus, NLIC is open whenever the New York Stock Exchange is open, other than the Fridays following Thanksgiving and Christmas. |
Valuation
Period – The period beginning at the close of business on one Valuation Day (which is when the New York
Stock Exchange closes, usually 4:00 pm, EST) and continuing until the close of business
on the next Valuation Day. Each Valuation Period includes a Valuation Day
and any non-Valuation Day or consecutive non-Valuation Days immediately
preceding it. |
Written Notice or Request – The Written Notice or Request the owner must
complete, sign, and send to the Service Center to request or exercise his or her rights as owner under the Policy. |
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FEES AND EXPENSES | |||
Charges for Early
Withdrawals |
Surrender Charge – For up to 12 years from the Policy Date, or effective date of any Face
Amount increase, surrender charges and additional surrender charges are deducted if the
policy is surrendered, Lapses, or there is a requested decrease of the Face Amount (see
Surrender Charges and Additional Surrender Charges). These charges will vary based
upon the individual characteristics of the Insured. The maximum surrender charge is $4.90
per $1,000 of Face Amount plus the lessor of (a) 35% of all Premiums paid to date, or (b)
up to 70% of Target Premium for the initial Face Amount, and the maximum additional
surrender charge is $4.90 per $1,000 for each increase in Face Amount plus the lessor of (a) 35% of Premiums allocated to the increase in Face Amount, or (b) up to 70% of Target
Premium for the initial Face Amount. For example, for a policy with a $100,000 Face
Amount, a complete surrender could result in a surrender charge of $1,365.70. Partial Withdrawal Charge – For each partial withdrawal requested, Nationwide deducts
$25 from the remaining Policy Account Value (see Partial Withdrawal Charge). | ||
Transaction Charges |
The policy owner may also be charged for other transactions as follows:
• Premium Expense Charge – Deducted from each premium payment.
• Face Amount Increase Charge – Deducted upon increase in Face Amount.
• Transfer Charge – Deducted upon transfer for the 13th and each additional transfer
made during a Policy Year.
• Rider Charges – One time rider charges for certain benefits, deducted upon invoking the
rider. See Standard Policy Charges and Supplementary Benefits. | ||
Ongoing Fees and
Expenses (periodic
charges) |
In addition to surrender charges and transaction charges, an investment in the policy is
subject to certain ongoing fees and expenses, including fees and expenses covering
the cost of insurance under the policy and the cost of optional
benefits available under the policy, and such fees and expenses are
set based on characteristics of the Insured (e.g.,
age, sex, and rating classification), see Standard Policy Charges and Supplementary Benefits. Please refer to the Policy Data Pages of your policy for
rates applicable to the policy. | ||
A policy owner will also bear expenses associated with the underlying mutual funds under
the policy, as shown in the following table: |
|||
Annual Fee |
Minimum |
Maximum | |
Investment options (underlying mutual fund fees
and expenses) |
0.27%1 |
1.98%1 | |
|
1 As a percentage of underlying mutual fund
assets. |
RISKS | |
Risk of Loss |
Policy owners of variable life insurance can lose money by investing in the policy, including
loss of principal (see Principal Risks). |
Not a Short-Term
Investment |
The policy is not a short-term investment and is not appropriate for an investor who
needs ready access to cash (see Principal Risks).
A surrender charge may apply (see Surrender Charges and Additional Surrender
Charges). In addition, taking policy loans may increase the risk of lapse and may result in adverse tax consequences (see Loans). |
Risks Associated with
Investment Options |
• Investment in this policy is subject to the risk of poor investment
performance of the investment options chosen by the policy owner.
• Each investment option and the Guaranteed Account will have its own unique risks. • Review the prospectuses and disclosures for the investment options before
making an investment decision.
• Investment Experience of the policy can vary depending on the available policy
investment options selected by the Policy Owner.
See Principal Risks. |
RISKS | |
Insurance Company Risks |
Investment in the policy is subject to the risks associated with Nationwide,
including that any obligations (including under the Guaranteed Account), guarantees, or benefits are
subject to the claims-paying ability of Nationwide. More information about
Nationwide, including its financial strength ratings, is available by
contacting the Service Center (see
Principal Risks). |
Policy Lapse |
The policy is at risk of lapseing when the Net Cash Surrender Value is insufficient to cover
the monthly policy charges, including Rider charges. Net Cash Surrender Value can be
reduced by unfavorable Investment Experience, policy loans, partial surrenders and the
deduction of policy charges. Payment of insufficient Premium may cause the policy to
Lapse. There is no separate additional charge associated with reinstating a Lapsed policy. The Death Benefit will not be paid if the policy has Lapsed. For more information, see Principal Risks and Policy Lapse and Reinstatement. |
RESTRICTIONS | |
Investments |
• Nationwide may restrict the form in which Subaccount transfer requests will be accepted (see Transfers).
• Nationwide may limit the frequency and dollar amount of transfers involving the
Guaranteed Account (see The Guaranteed Account and Transfers). • Nationwide reserves the right to add, remove, and substitute investment
options available under the policy (see Addition, Deletion, or Substitution of Investments).
|
Optional Benefits |
• Certain optional benefits may be subject to availability, eligibility, and/or invocation
requirements. Availability of certain optional benefits may be subject to
Nationwide’s underwriting approval for the optional
benefit. • Nationwide reserves the right to discontinue offering any optional benefit. Such a
discontinuance will only apply to new policies and will not impact any policies
already in force.
For more information, see Supplementary Benefits. |
TAXES | |
Tax Implications |
• Consult with a tax professional to determine the tax implications of an investment in and
payments received under this policy.
• Earnings on the policy are generally not taxable to the policy owner, unless withdrawn from the policy. Partial and full surrenders from the policy will be subject to ordinary income tax and may be subject to a tax penalty. For more information, see Federal Income Tax
Considerations. |
CONFLICTS OF INTEREST | |
Investment Professional
Compensation |
Some financial professionals receive compensation for selling the policy.
Compensation can take the form of commission and other indirect
compensation in that Nationwide may share the revenue it earns on this
policy with the financial professional’s firm. This conflict of
interest may influence a financial professional, as these financial professionals may have a financial incentive to offer or recommend this policy over another investment (see
Distribution of Policies). |
Exchanges |
Some financial professionals may have a financial incentive to offer an investor a new
policy in place of the one he/she already owns. An investor should only exchange
his/her policy if he/she determines, after comparing the features,
fees, and risks of both policies, that it is preferable for him/her to
purchase the new policy, rather than to continue to own the existing
one (see Exchanging the Policy for Another Life Insurance Policy). |
Attained Age |
Percentage |
40 and under |
250% |
45 |
215% |
50 |
185% |
55 |
150% |
60 |
130% |
Attained Age |
Percentage |
65 |
120% |
70 |
115% |
75 through 90 |
105% |
95 through 99 |
100% |
Transaction Fees | |||
Charge |
When Charge is
Deducted |
Amount Deducted | |
Guaranteed Charge |
Current Charge | ||
Maximum Charge Imposed on Premiums (Premium Expense Charge): |
| ||
Premium Tax Charge1 |
Upon receipt of each
premium payment |
0-4% of each premium
payment depending on
Insured's state of
residence |
0-4% of each premium
payment, depending on
Insured's state of
residence |
Percent of Premium Charge |
Upon receipt of each
premium payment |
3% of premium
payments |
1.5% of premium
payments |
Maximum Deferred Surrender Charge: |
| ||
Deferred Sales Charge2 |
Upon surrender, lapse, or
decrease in Face Amount
during the first 12 Policy
Years |
The lesser of: (1) 35% of
all Premiums paid to the
date of Surrender or
Lapse, or (2) during
Policy Years 1-6, 70% of
the Target Premium for
the Initial Face Amount |
The lesser of: (1) 35% of
all Premiums paid to the
date of Surrender or
Lapse, or (2) during Policy
Years 1-6, 70% of the
Target Premium3 for the
Initial Face Amount |
Deferred Administrative Charge4 |
Upon surrender, lapse, or
decrease in Face Amount
during the first 12 Policy
Years |
During Policy Years 1-6,
$4.90 per $1,000 of Face
Amount |
During Policy Years 1-6,
$4.90 per $1,000 of Face
Amount |
Maximum Deferred Additional
Surrender Charge: |
| ||
Additional Deferred Sales Charge5 |
Upon surrender, lapse, or
decrease in Face Amount
during the first 12 years
following an increase in
Face Amount |
The lesser of: (1) 35% of
Premiums allocated to
the increase in Face
Amount, or (2) during the
first six years following
the effective date of the
increase in Face Amount,
70% of the Target
Premium for each
increase in Face Amount |
The lesser of: (1) 35% of
Premiums allocated to the
increase in Face Amount,
or (2) during the first six
years following the
effective date of the
increase in Face Amount,
70% of the Target
Premium for each
increase in Face Amount |
Additional Deferred Administrative Charge6
|
Upon surrender, lapse, or
decrease in Face Amount
during the first 12 years
following an increase in
Face Amount |
During the first six years
following the effective
date of each increase in
Face Amount, $4.90 per
$1,000 for each increase
in Face Amount |
During the first six years
following the effective
date of each increase in
Face Amount, $4.90 per
$1,000 for each increase
in Face Amount |
Transaction Fees | |||
Charge |
When Charge is
Deducted |
Amount Deducted | |
Guaranteed Charge |
Current Charge | ||
Face Amount Increase Charge7 |
Upon increase in Face
Amount |
$60.00 plus $3.00 per
$1,000 of Face Amount
increase |
$0.00 |
Other Withdrawal/Surrender Fees |
Upon partial withdrawal |
$25 per withdrawal |
$25 per withdrawal |
Transfer Fees8 |
Upon transfer |
$25 per transfer |
$25 per transfer |
Accelerated Death Benefit Rider |
At the time the accelerated
death benefit is paid |
$250 |
$100 |
Periodic Charges Other than Annual Underlying Mutual Fund
Expenses | |||
Base Contract Charges | |||
Charge |
When Charge is
Deducted |
Amount Deducted | |
Guaranteed Charge |
Current Charge | ||
Cost of Insurance:9 Minimum and Maximum Charge |
On Policy Date and
monthly on Policy
Processing Day |
$0.06 - $420.82 per
$1,000 of Net Amount at
Risk10 per month |
$0.04 - $148.28 per
$1,000 of net amount at
risk per month during
Policy Years 1-15 |
Charge for a male Insured, Attained Age
39, in the nonsmoker Premium Class |
On Policy Date and
monthly on Policy
Processing Day |
$0.18 per $1,000 of net
amount risk per month |
$0.17 per $1,000 of net
amount at risk per month |
Initial Administrative Charge11 |
On Policy Date and
monthly on Policy
Processing Day |
$5 |
$5 |
Monthly Administrative Charge |
On Policy Date and
monthly on Policy
Processing Day |
$12 |
$11.0012 |
Mortality and Expense Risk Charge13 |
Daily |
Annual rate of 0.90% of
the average daily net
assets of each
Subaccount in which the
owner is invested |
Annual rate of 0.75% of
the average daily net
assets of each
Subaccount in which the
owner is invested |
Loan Interest Charge14 |
On Policy Anniversary or
earlier, as applicable15 |
Annual rate of 6.00% of
the loan amount |
Annual rate of 6.00% of
the loan amount |
Optional Benefit Charges16 | |||
Charge |
When Charge is
Deducted |
Amount Deducted | |
Guaranteed Charge |
Current Charge | ||
Additional Insurance Benefit Rider: Minimum and Maximum Charge |
On Rider Policy Date and
monthly on Policy
Processing Day |
$0.09 - $420.82 per
$1,000 of Rider coverage
amount per month |
$0.02 - $115.10 per $1,000 of
Rider coverage amount per month |
Charge for a male Insured, Attained Age
44, in the nonsmoker Premium Class |
On Rider Policy Date and
monthly on Policy
Processing Day |
$0.26 per $1,000 of
Rider coverage amount
per month |
$0.10 per $1,000 of Rider
coverage amount per
month |
Change of Insured Rider |
N/A |
None |
None |
Children's Term Insurance Rider |
On rider policy date and
monthly on Policy
Processing Day |
$0.52 per $1,000 of rider
coverage amount per
month |
$0.52 per $1,000 of rider
coverage amount per
month |
Convertible Term Life Insurance Rider: Minimum and Maximum Charge |
On Rider Policy Date and
monthly on Policy
Processing Day |
$0.09 - $420.82 per
$1,000 of Rider coverage
amount per month |
$0.06 - $113.17 per $1,000 of
Rider coverage amount per month |
Charge for a female Insured, Attained Age
39, in the nonsmoker Premium Class |
On Rider Policy Date and
monthly on Policy
Processing Day |
$0.16 per $1,000 of
Rider coverage amount
per month |
$0.11 per $1,000 of Rider
coverage amount per
month |
Disability Waiver Benefit Rider: Minimum and Maximum Charge |
On rider policy date and
monthly on Policy
Processing Day |
$0.01 - $1.76 per $1,000
Net Amount at Risk per
month |
$0.01 - $1.76 per $1,000 Net
Amount at Risk per month |
Charge for an Insured, Attained Age 39 |
On rider policy date and
monthly on Policy
Processing Day |
$0.01 per $1,000 Net
Amount at Risk per
month |
$0.01 per $1,000 Net
Amount at Risk per month |
Disability Waiver of Premium Benefit Rider: Minimum and Maximum Charge |
On rider policy date and
monthly on Policy
Processing Day |
2% - 23.2% of the
monthly benefit amount
per month |
2% - 23.2% of the monthly
benefit amount per month |
Charge for an Insured, Issue Age 32 |
On rider policy date and
monthly on Policy
Processing Day |
2.8% of the monthly
benefit amount per
month |
2.8% of the monthly
benefit amount per month |
Final Policy Date Extension Rider |
N/A |
None |
None |
Guaranteed Minimum Death Benefit Rider |
On Rider Policy Date and
monthly on Policy
Processing Day |
$0.01 per $1,000 of Face
Amount per month |
$0.01 per $1,000 of Face
Amount per month |
Long-Term Care Benefit Riders: |
1. Long-Term Care Acceleration Benefit Rider17
Minimum and Maximum Charge |
On rider policy date and
monthly on Policy
Processing Day |
No maximum amount is
guaranteed |
$0.0218 - $3.2419 per
$1,000 of Net Amount at
Risk per month |
Charge for a male Insured, Attained Age
55 with a 4% Acceleration Benefit Rider |
On rider policy date and
monthly on Policy
Processing Day |
No maximum amount is
guaranteed |
$0.20 per $1,000 of Net
Amount at Risk per month |
2. Long-Term Care Waiver Benefit Rider20
Minimum and Maximum
Charge |
On rider policy date and
monthly on Policy
Processing Day |
No maximum amount is
guaranteed |
$0.01 - $3.47 per $1,000 of Net
Amount at Risk per month |
Charge for a male Insured, Attained Age
55 |
On rider policy date and
monthly on Policy
Processing Day |
No maximum amount is
guaranteed |
$0.01 per $1,000 Net
Amount at Risk per month |
3. Long-Term Care Extended Insurance Benefit Rider21 Minimum and Maximum Charge |
On rider policy date and
monthly on Policy
Processing Day |
No maximum amount is
guaranteed |
$0.0122 - $8.7223 per
$1,000 of rider coverage
amount per month |
Charge for a male Insured, Issue Age 55 with a 4% Extended Insurance Benefit Rider, assuming no inflation or nonforfeiture protection (as described in the Rider), and assuming lifetime payments |
On Rider Policy Date and
monthly on Policy
Processing Day |
No maximum amount is
guaranteed |
$0.28 per $1,000 of Rider
coverage amount per
month |
Annual Underlying Mutual Fund Expenses | ||
|
Minimum |
Maximum |
(Expenses that are deducted from underlying mutual fund assets, including
management fees, distribution and/or service (12b-1) fees, and other
expenses, as a percentage of average underlying mutual fund net
assets.) |
0.27% |
1.98% |
Trading Behavior |
Our Response |
six or more transfers within one
calendar quarter |
NLIC will mail a letter to the Policy Owner notifying them that: (1)they have been identified as engaging in harmful trading practices; and (2)if their transfers events total 11 within two consecutive calendar quarters or 20 within one
calendar year, the Policy Owner will be limited to submitting transfer requests via
U.S. mail. |
11 transfer events within two
consecutive calendar quarters
OR
20 transfers within one calendar
year |
NLIC will automatically limit the Policy Owner to submitting transfer requests via U.S. mail. |
Example: |
Owner elects to participate in Dollar Cost Averaging and has transferred $30,000 to
Subaccount A, which 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: $1,500 to Subaccount L and $1,000 to Subaccount
M. Each month, Nationwide will automatically transfer $2,500 from
Subaccount A and allocate $1,000 to Sub-Account M and $1,500 to
Sub-Account L until Subaccount A is depleted. |
Dollar Cost Averaging Period |
Minimum Amount |
6 months |
$3,000 |
12 months |
$6,000 |
18 months |
$9,000 |
24 months |
$12,000 |
Dollar Cost Averaging Period |
Minimum Amount |
30 months |
$15,000 |
36 months |
$18,000 |
Example: |
Owner elects to participate in Automatic Asset Rebalancing and has instructed his Policy
Account Value be allocated as follows and rebalanced on a quarterly basis: 40% to
Subaccount A, 40% to Subaccount B, and 20% to Subaccount C. Each quarter,
Nationwide will automatically rebalance Owner’s Policy Account
Value by transferring Policy Account Value among the three elected
Subaccounts so that his 40%/40%/20% allocation remains
intact. |
Name of Benefit |
Purpose |
Is Benefit
Standard or
Optional |
Brief Description of Restrictions/Limitations
|
Dollar Cost Averaging |
Long-term transfer
program involving
automatic transfer of
assets |
Standard |
• Transfers are only permitted from the Subaccounts (and not the Guaranteed Account) • Minimum amounts apply in order to participate in
dollar cost averaging
• Cannot be chosen while participating in the automatic asset rebalancing program or if a Policy loan is outstanding • Nationwide may modify, suspend, or discontinue
these programs at any time
See Transfers |
Automatic Asset
Rebalancing |
Automatic reallocation
of assets on a
predetermined
percentage basis |
Standard |
• Cannot be chosen while participating in the dollar cost averaging program • Policy Account Value in the Guaranteed Account is
not available for this program
• Rebalancing only permitted on a quarterly or annual schedule See Transfers |
Long-Term Care
Acceleration Benefit
Rider |
Accelerates a portion of
the death benefit for
qualified long-term care
services |
Optional |
• Must be elected together with the LTC Waiver Rider • Actual amount of any benefit is based on expense
incurred by the Insured, up to the Maximum
Monthly Benefit
• Certain types of expenses may be limited to a stated percentage of the Maximum Monthly Benefit • Subject to eligibility requirements to invoke the
Rider
• Subject to an elimination period before benefits are paid • Owner must continue to submit periodic evidence of
Insured’s continued eligibility for benefits
• Nationwide restricts the Owner's ability to allocate Premiums and Policy Account Value to the Separate Account while benefits are being paid • Rider may not cover all of the long-term care
expenses incurred by the Insured during the period
of coverage |
Long-Term Care Waiver
Benefit Rider |
Provides for payment of
monthly Premiums up to
specified date, and then
Waiver of Monthly
Deductions |
Optional |
• Must be elected together with the LTC Acceleration
Rider, and Rider is nonseverable from the LTC
Acceleration Rider
• Subject to elimination period for LTC Acceleration Rider before benefits apply • Rider may not cover all of the long-term care
expenses incurred by the Insured during the period
of coverage |
Name of Benefit |
Purpose |
Is Benefit
Standard or
Optional |
Brief Description of Restrictions/Limitations
|
Long-Term Care
Extended Insurance
Benefit Rider |
Provides for periodic
reimbursements of
expenses incurred for
qualified long-term care
services |
Optional |
• Must be elected together with the LTC Acceleration Rider • Rider benefit only available following full payment of
the acceleration death benefit under the LTC
Acceleration Rider
• Actual amount of any benefit is based on expense incurred by the Insured, up to the Maximum Monthly Benefit • Rider may not cover all of the long-term care
expenses incurred by the Insured during the period
of coverage |
Accelerated Death
Benefit Rider |
Provides for an
accelerated death
benefit payment in the
form of a Policy loan |
Optional |
• Rider may be added at any time, subject to satisfactory additional Evidence of Insurability • Amount of the accelerated death benefit payment
must be at least $10,000 and cannot exceed
$250,000
• A death benefit lien may apply • Receipt of accelerated death benefits may be
taxable
• Policy will terminate on any Policy Anniversary when the death benefit lien exceeds the Insurance Proceeds at death |
Additional Insurance
Benefit Rider |
Provides for an
additional death benefit
payable on the death of
the Insured |
Optional |
• If not terminated earlier, Rider will terminate on the Policy Anniversary nearest the Insured’s Attained Age 100 (80 in New York) |
Change of Insured
Rider |
Permits the Owner to
change the Insured |
Optional |
• Subject to certain conditions and Evidence of Insurability |
Children’s Term
Insurance Rider |
Provides term life
insurance on the
Insured’s dependent |
Optional |
• Insurance coverage for each insured child continues until the earliest of: (1) the first Policy Processing Day after Nationwide's receipt of the Owner's Written Notice requesting termination of the Rider; (2) Surrender or other termination of the Policy; (3) the child's 25th birthday; or (4) the Policy Anniversary nearest the Insured's 65th birthday • Rider must be elected at the time of application or
upon an increase in Face Amount
• Provides a conversion right, subject to limitations |
Convertible Term Life
Insurance Rider |
Provides term insurance
on an additional insured
("other insured") |
Optional |
• Not available if the Guaranteed Minimum Death Benefit Rider is added • If not terminated earlier, Rider will terminate on the
Policy Anniversary nearest the other insured’s
Attained Age 100 (80 in New York) |
Disability Waiver Benefit
Rider |
Provides for Premium
payments to the Policy
and waiver of Monthly
Deductions in the event
of the Insured’s total
disability |
Optional |
• Insured’s total disability must begin while the Rider is in effect and continue for at least six months • If not terminated earlier, Rider will terminate on the
Policy Anniversary nearest the Insured’s Attained
Age 60 |
Disability Waiver of
Premium Benefit Rider |
Provides for Premium
payments to the Policy
in the event of the
Insured’s total disability |
Optional |
• Not available if another disability waiver benefit
rider is elected
• Insured’s total disability must be before Attained Age 60 and continue for at least 180 days |
Name of Benefit |
Purpose |
Is Benefit
Standard or
Optional |
Brief Description of Restrictions/Limitations
|
Extension Final Policy
Date Rider |
Extends the Final Policy
Date 20 years |
Optional |
• Benefit may be added only on or after the anniversary nearest the Insured’s 90th birthday |
Guaranteed Minimum
Death Benefit Rider |
During the death benefit
guarantee period, the
Policy will not Lapse if
the Minimum Guarantee
Premium has been paid |
Optional |
• Not available if the Convertible Term Life Insurance
Rider is added |
Policy Year(s) |
Charge per $1,000 Face
Amount |
1-6 |
$4.90 |
7 |
$4.20 |
8 |
$3.50 |
9 |
$2.80 |
10 |
$2.10 |
11 |
$1.40 |
12 |
$0.70 |
13+ |
$0 |
Policy Year(s) |
% of Target Premium for the Initial Face Amount |
1-6 |
70
% |
7 |
60
% |
8 |
50
% |
9 |
40
% |
10 |
30
% |
11 |
20
% |
12 |
10
% |
13+ |
0
% |
Policy Year(s) |
Charge Per $1,000 for Each Increase in Face Amount |
1-6 |
$4.90 |
7 |
$4.20 |
8 |
$3.50 |
9 |
$2.80 |
10 |
$2.10 |
11 |
$1.40 |
12 |
$0.70 |
13+ |
$0 |
Policy Year(s) |
% of Target Premium for the Initial Face Amount |
1-6 |
70
% |
7 |
60
% |
8 |
50
% |
9 |
40
% |
10 |
30
% |
11 |
20
% |
12 |
10
% |
13+ |
0
% |
Example: |
Assume the policy’s Face Amount is $500,000 and the percentage elected is 2% and there
is no Indebtedness |
If the invocation requirements are satisfied and the 90-day elimination period has been
satisfied, the Policy Owner can be reimbursed up to a monthly benefit of 2% of the Face
Amount ($10,000).The monthly benefit will be paid until either the
Insured no longer meets the eligibility requirements or the entire
$500,000 has been paid. |
Example (Monthly Waiver Benefits): |
Assume the following: |
• Face Amount = $50,000 |
• Policy is on the first day of the fifth Policy Year |
• Minimum Annual Premium = $120 |
• Minimum Premium end date is the beginning of the sixth Policy
Year |
• Total Monthly Deductions in the sixth Policy Year = $17
|
While on Long-Term Care Claim, the Long-Term Care Waiver Benefit Rider provides the
following until the Minimum Premium end date |
• Waiver of Premium Benefits pays monthly benefits of (Minimum Annual
Premium / 12 = $120 / 12 = $10) up to the Minimum Premium end
date |
While on Long-Term Care Claim, the Long-Term Care Waiver Benefit Rider provides the
following after the Minimum Premium end date |
• Waiver of Monthly Deductions waives the Monthly Deductions ($17 starting
in the sixth Policy Year) |
Example (Residual Death Benefit): |
Assume the following: |
• No loans or any overdue monthly deductions |
• No policy changes were made |
• Initial Face Amount = $500,000 |
• Long-Term Care Benefits Paid = $480,000 |
• Acceleration Death Benefit = (Initial Face Amount – Long-Term Care
Benefits Paid) = $500,000 - $480,000 = $20,000 |
• Residual Death Benefit = $50,000 |
• Residual Death Benefit Proceeds = Residual Death Benefit –
Acceleration Death Benefit = $50,000 - $20,000 = $30,000
|
• Death Benefit Proceeds = Acceleration Death Benefit + Residual Death
Benefit Proceeds = $20,000 + 30,000 = $50,000 |
Example (Inflation Adjustment Elected): |
Assume the following: |
• Face Amount is $500,000 |
• Minimum Months of Acceleration Benefit = 50 |
• Inflation Adjustment was elected |
• Policy is in year 10 |
If the invocation requirements are satisfied and the Long-Term Care Acceleration Benefits
have been depleted, the Policy Owner can be reimbursed through the Long-Term Care
Extended Insurance Benefit Rider. The Maximum Monthly Benefit that the
reimbursements can be up to are detailed below. |
• Inflation Adjustment Factor = 1.05 ^ (Policy Year – 1) = 1.05 ^ (9)
= 1.551328 |
• Lifetime Benefit Limit = Face Amount x Inflation Adjustment Factor =
$500,000 x 1.551328 = $775,664 |
• Maximum Monthly Benefit = Lifetime Benefit Limit / Minimum Months of
Acceleration Benefit = $775,664 / 50 = $15,513.28 |
Example (Inflation Adjustment NOT Elected): |
Assume the following: |
• Face Amount is $500,000 |
• Minimum Months of Acceleration Benefit = 50 |
• Inflation Adjustment was not elected |
• Policy is in year 10 |
If the invocation requirements are satisfied and the Long-Term Care Acceleration Benefits
have been depleted, the Policy Owner can be reimbursed through the Long-Term Care
Extended Insurance Benefit Rider. The Maximum Monthly Benefit that the
reimbursements can be up to are detailed below. |
• Inflation Adjustment Factor = 1.00 ^ (Policy Year – 1) = 1.05 ^ (9)
= 1.00 |
Example (Inflation Adjustment NOT Elected): |
• Lifetime Benefit Limit = Face Amount x Inflation Adjustment Factor =
$500,000 x 1.00 = $500,000 |
• Maximum Monthly Benefit = Lifetime Benefit Limit / Minimum Months of
Acceleration Benefit = $500,000 / 50 = $10,000.00 |
Example: | ||
Assume the following: | ||
• The Policy’s Death Benefit is $100,000 • The Requested Percentage of the Face Amount is 50%.
• The guaranteed administrative charge is $250. | ||
Using the above assumptions, the Accelerated Death Benefit (ADB) would be
calculated. | ||
ADB |
= |
[50% x $100,000] – $250 |
Example: | ||
ADB |
= |
[$50,000] – $250 |
ADB |
= |
$49,750 |
Example: |
Assume the Face Amount is $500,000, death benefit Option B, the Policy Account Value is
$40,000, the Additional Insurance Benefit Rider coverage amount is $300,000, and
coverage under the Rider is effect and has not otherwise terminated. Upon
the death of the Insured, if there is no Indebtedness and no Long-Term
Care benefits have been paid, the additional death benefit under the
Rider is $300,000. Therefore, the Insurance Proceeds under the Policy
will be $540,000 for the death benefit plus $300,000 for additional
insurance provided by the Additional Insurance Benefit Rider, for a total of
$840,000. |
Example: |
Assume the new Insured is eligible to be insured by this Rider, the monthly deductions will
reflect the new Insured’s Attained Age, rate type and rate classification. The
Death Benefit proceeds will be paid out after the new Insured’s
death. |
Example: |
Assume the Children’s Term Insurance Rider Face Amount is $15,000 and the Insured has
two children that meet the definition of Insured Child and the Rider is in force. If
one of the children dies, $15,000 will be paid to the named Beneficiary.
The Rider would continue to remain in effect as long as the second child
meets the definition of Insured Child. Upon the death of the second
Insured Child, an additional $15,000 would be paid to the named
Beneficiary as long as coverage under the Rider has not otherwise
terminated. |
Example: |
Assume the following: |
• Face Amount is $500,000 |
• Death Benefit Option 2 |
• Cash Value is $40,000 |
Convertible Term Insurance Rider Face Amount is $300,000. Upon the death of the
Insured, if there is no Indebtedness and no Long-Term Care benefits have been paid, the
Death Benefit Proceeds under the base policy will be $540,000 and the
Death Benefit Proceeds under the Convertible Term Insurance Death Rider
will be $300,000, for a total of $840,000. |
Example: |
Assume the following: |
Example: |
• the Disability Waiver Benefit Rider is elected, |
• the Insured has been totally disabled for six consecutive
months, |
• at the time of disability, the Insured’s Attained Age was
57, |
• the policy is on policy year 5’s anniversary, |
• the Minimum Annual Premium is $600, and |
• the projected year 7 Monthly Deduction is $35 |
Waiver of Premium Benefits provided by the Rider are: |
The Rider will pay $50 (Minimum Annual Premium ($600) / 12, on a monthly basis until
policy year 7. |
Waiver of Monthly Deduction Benefits provided by the Rider are: |
Starting in year policy 7 and continuing thereafter, the Monthly Deductions (estimated to
be $35) will be waived until the Insured is no longer disabled, or until the Disability
Waiver Benefit Rider is terminated. |
Example: |
Assume: |
• the Disability Waiver of Premium Benefit Rider Monthly Benefit Amount is
$700, |
• the Insured has been totally disabled for six consecutive
months, |
• at the time of disability, the Policy was at the end of the 7th year and
the Insured’s Attained Age was 59, and |
• the Premiums paid over the life of the policy totaled
$42,000. |
Since the average monthly Premium paid over the 84 months (7 Years x 12 months) prior to
the disability was $500 ($42,000 divided by 84), a monthly credit of $500 will be
applied to the policy until the Insured ‘s Attained Age reaches 65,
or until the Insured is no longer disabled, if sooner.
|
Example: |
• The Final Policy Date Extension Rider is In Force. |
• The Policy reaches the Final Policy Date; |
• Face Amount = $100,000 |
• Policy Account Value = $65,000 |
• The Final Policy Date Extension Rider allows the policy owner to extend
coverage under the policy for an additional 20 years. The Death Benefit
under the policy will be set equal to the Policy Account Value
($65,000) and will continue until the death of the insured or for 20
years. |
Example: |
Assume the Month Deductions are $300, but the Net Cash Surrender Value is $290 due to
Indebtedness. If the owner had purchased the Guaranteed Minimum Death Benefit Rider,
and assuming the Rider has not otherwise terminated, the Policy will not
Lapse prior to the end of the death benefit guarantee period as long as
the Minimum Guarantee Premium has been paid. |
Attained Age |
Percentage |
Attained Age |
Percentage |
40 and under |
250% |
65 |
120% |
45 |
215% |
70 |
115% |
50 |
185% |
75 through 90 |
105% |
55 |
150% |
95 through 99 |
100% |
60 |
130% |
|
|
Type |
Underlying Mutual Fund and Adviser/
Subadviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 year |
5 year |
10 year | |||
Equity |
Alger Small Cap Growth Portfolio: Class I-2 Shares
Investment Advisor: Fred Alger Management, LLC |
1.02% |
16.49% |
7.96% |
7.05% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Discovery Value Portfolio: Class A
Investment Advisor: AllianceBernstein L.P. |
0.81% |
17.18% |
10.78% |
7.55% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Relative Value Portfolio: Class A
This Portfolio is only available in policies issued before May 1,
2004 Investment Advisor: AllianceBernstein L.P. |
0.61%* |
12.03% |
11.85% |
9.32% |
Equity |
Allspring Variable Trust - VT Small Cap Growth Fund: Class
2 This Portfolio is only available in policies issued before May 1,
2024 Investment Advisor: Allspring Funds Management, LLC
Sub-Advisor: Allspring Global Investments, LLC |
1.17% |
4.11% |
7.68% |
6.60% |
Allocation |
BlackRock Variable Series Funds, Inc. - BlackRock Global
Allocation V.I. Fund: Class II
Investment Advisor: BlackRock Advisors, LLC
Investment Sub-Advisor: BlackRock International Limited and
BlackRock (Singapore) Limited |
0.92%* |
12.60% |
7.49% |
4.72% |
Equity |
BNY Mellon Investment Portfolios - Small Cap Stock Index
Portfolio: Service Shares
Investment Advisor: BNY Mellon Investment Adviser, Inc. |
0.60%* |
15.39% |
10.40% |
8.04% |
Equity |
BNY Mellon Stock Index Fund, Inc.: Initial Shares
Investment Advisor: BNY Mellon Investment Adviser, Inc.
Investment Sub-Advisor: Mellon Investments Corporation |
0.27% |
25.93% |
15.38% |
11.75% |
Equity |
BNY Mellon Variable Investment Fund - Opportunistic Small Cap
Portfolio: Initial Shares
This Portfolio is only available in policies issued before May 1,
2004 Investment Advisor: BNY Mellon Investment Adviser,
Inc. Sub-Advisor: Newton Investment Management North America,
LLC |
0.82% |
9.28% |
9.15% |
6.15% |
Allocation |
Federated Hermes Insurance Series - Federated Hermes
Managed Volatility Fund II: Primary
Shares Investment Advisor: Federated Equity Management Company of
Pennsylvania
Investment Sub-Advisor: Federated Investment Management
Company, Federated Advisory Services Company, Fed Global |
0.97%* |
8.68% |
6.15% |
4.19% |
Fixed Income |
Federated Hermes Insurance Series - Federated Hermes Quality
Bond Fund II: Primary Shares
This Portfolio is only available in policies issued before May 1,
2008 Investment Advisor: Federated Investment Management
Company |
0.74%* |
6.14% |
2.36% |
2.25% |
Allocation |
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom
Fund 2010 Portfolio: Service Class
This Portfolio is only available in policies issued before May 1,
2023 Investment Advisor: Fidelity Management & Research Company
LLC (FMR) |
0.50% |
9.28% |
5.43% |
4.45% |
Type |
Underlying Mutual Fund and Adviser/
Subadviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 year |
5 year |
10 year | |||
Allocation |
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom
Fund 2020 Portfolio: Service Class
Investment Advisor: Fidelity Management & Research Company LLC
(FMR) |
0.57% |
12.34% |
7.38% |
5.63% |
Allocation |
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom
Fund 2030 Portfolio: Service Class
This Portfolio is only available in policies issued before May 1,
2023 Investment Advisor: Fidelity Management & Research Company
LLC (FMR) |
0.62% |
14.56% |
9.17% |
6.75% |
Allocation |
Fidelity Variable Insurance Products Fund - VIP Asset Manager
Portfolio: Initial Class
This Portfolio is only available in policies issued before May 1,
2003 Investment Advisor: Fidelity Management & Research Company
LLC (FMR)
Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity
Management & Research (Hong Kong) Limited and Fidelity
Management & Research (Japan) Limited |
0.53% |
12.94% |
7.48% |
5.40% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio:
Service Class 2
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Investment Sub-Advisor: FMR Investment Management (UK) Limited,
Fidelity Management & Research (Hong Kong) Limited and Fidelity
Management & Research (Japan) Limited |
0.86% |
0.70% |
13.36% |
2.37% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Equity-Income
Portfolio: Initial Class
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Investment Sub-Advisor: FMR Investment Management (UK) Limited,
Fidelity Management & Research (Hong Kong) Limited and Fidelity
Management & Research (Japan) Limited |
0.47% |
10.65% |
12.30% |
8.58% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio:
Initial Class
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Investment Sub-Advisor: FMR Investment Management (UK) Limited,
Fidelity Management & Research (Hong Kong) Limited and Fidelity
Management & Research (Japan) Limited |
0.58% |
36.24% |
19.64% |
14.80% |
Fixed Income |
Fidelity Variable Insurance Products Fund - VIP High Income
Portfolio: Initial Class
This Portfolio is no longer available to accept transfers or new
premium payments effective May 1, 2015
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity
Management & Research (Hong Kong) Limited and Fidelity
Management & Research (Japan) Limited |
0.77% |
10.48% |
3.87% |
3.40% |
Fixed Income |
Fidelity Variable Insurance Products Fund - VIP Investment
Grade Bond Portfolio: Initial Class
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Investment Sub-Advisor: FMR Investment Management (UK) Limited,
Fidelity Management & Research (Hong Kong) Limited and Fidelity
Management & Research (Japan) Limited |
0.38% |
6.20% |
1.97% |
2.33% |
Type |
Underlying Mutual Fund and Adviser/
Subadviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 year |
5 year |
10 year | |||
Equity |
Fidelity Variable Insurance Products Fund - VIP Mid Cap
Portfolio: Service Class
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Investment Sub-Advisor: FMR Investment Management (UK) Limited,
Fidelity Management & Research (Hong Kong) Limited and Fidelity
Management & Research (Japan) Limited |
0.67% |
15.00% |
12.34% |
8.02% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Overseas
Portfolio: Initial Class
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Investment Sub-Advisor: FMR Investment Management (UK) Limited,
Fidelity Management & Research (Hong Kong) Limited, Fidelity
Management & Research (Japan) Limited, FIL Investment Advisors,
FIL Investment Advisors (UK) Limited and FIL Investments (Japan)
Limited |
0.73% |
20.51% |
9.98% |
4.91% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Value Strategies
Portfolio: Service Class
This Portfolio is only available in policies issued before May 1,
2006 Investment Advisor: Fidelity Management & Research Company
LLC (FMR)
Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity
Management & Research (Hong Kong) Limited and Fidelity
Management & Research (Japan) Limited |
0.70% |
20.77% |
16.80% |
9.26% |
Allocation |
Franklin Templeton Variable Insurance Products Trust - Franklin
Allocation VIP Fund: Class 2
This Portfolio is only available in policies issued before May 1,
2021 Investment Advisor: Franklin Advisers, Inc.
Sub-Advisor: Brandywine Global Investment Management, LLC
(Brandywine); ClearBridge Investments, LLC (ClearBridge); Franklin
Templeton Institutional, LLC (FT Institutional); Templeton Global
Advisors Limited (Global Advisors) |
0.82%* |
14.61% |
7.57% |
4.75% |
Equity |
Franklin Templeton Variable Insurance Products Trust - Franklin
Small Cap Value VIP Fund: Class 1
Investment Advisor: Franklin Mutual Advisers, LLC |
0.66%* |
13.02% |
11.34% |
7.31% |
Equity |
Franklin Templeton Variable Insurance Products Trust -
Templeton Developing Markets VIP Fund: Class
2 This Portfolio is only available in policies issued before April
30, 2014 Investment Advisor: Templeton Asset Management,
Ltd. Sub-Advisor: Franklin Templeton Investment Management Limited
(FTIML) |
1.35%* |
12.62% |
4.22% |
2.32% |
Equity |
Franklin Templeton Variable Insurance Products Trust -
Templeton Foreign VIP Fund: Class 1
This Portfolio is no longer available to accept transfers or new
premium payments effective May 1, 2004
Investment Advisor: Templeton Investment Counsel, LLC |
0.82%* |
21.09% |
5.54% |
1.54% |
Fixed Income |
Franklin Templeton Variable Insurance Products Trust -
Templeton Global Bond VIP Fund: Class
2 Investment Advisor: Franklin Advisers, Inc. |
0.75%* |
2.88% |
-2.13% |
-0.66% |
Equity |
Invesco - Invesco V.I. American Franchise Fund: Series I
Shares Investment Advisor: Invesco Advisers, Inc. |
0.86% |
40.93% |
16.16% |
11.70% |
Equity |
Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series
I Investment Advisor: Invesco Advisers, Inc. |
0.87% |
13.15% |
12.77% |
9.79% |
Equity |
Invesco - Invesco V.I. Global Fund: Series I
This Portfolio is only available in policies issued before May 1,
2023 Investment Advisor: Invesco Advisers, Inc. |
0.82% |
34.73% |
12.30% |
8.47% |
Fixed Income |
Invesco - Invesco V.I. Global Strategic Income Fund: Series
I Investment Advisor: Invesco Advisers, Inc. |
0.92%* |
8.88% |
1.30% |
1.50% |
Type |
Underlying Mutual Fund and Adviser/
Subadviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 year |
5 year |
10 year | |||
Equity |
Invesco - Invesco V.I. Main Street Small Cap Fund: Series
I This Portfolio is only available in policies issued before May 1,
2023 Investment Advisor: Invesco Advisers, Inc. |
0.88% |
18.13% |
13.07% |
8.93% |
Allocation |
Ivy Variable Insurance Portfolios - Macquarie VIP Asset Strategy
Series: Service Class (formerly, Ivy Variable
Insurance Portfolios - Delaware Ivy Asset Strategy:
Class II) Investment Advisor: Delaware Management Company, a series
of Macquarie Investment Management Business Trust (a Delaware
statutory trust)
Investment Sub-Advisor: Macquarie Investment Management Global
Limited;Macquarie Investment Management Austria Kapitalanlage
AG;Macquarie Investment Management Europe Limited |
0.85%* |
13.90% |
8.27% |
3.48% |
Allocation |
Janus Aspen Series - Janus Henderson Balanced Portfolio:
Service Shares
This Portfolio is only available in policies issued before May 1,
2004 Investment Advisor: Janus Henderson Investors US
LLC |
0.87% |
15.13% |
9.37% |
7.73% |
Equity |
Janus Aspen Series - Janus Henderson Forty Portfolio: Service
Shares
Investment Advisor: Janus Henderson Investors US LLC |
0.80% |
39.65% |
16.64% |
13.45% |
Equity |
Janus Aspen Series - Janus Henderson Global Technology and
Innovation Portfolio: Service Shares
Investment Advisor: Janus Henderson Investors US LLC |
0.97% |
54.27% |
20.05% |
16.86% |
Equity |
Janus Aspen Series - Janus Henderson Overseas Portfolio:
Service Shares
Investment Advisor: Janus Henderson Investors US LLC |
1.14% |
10.58% |
10.92% |
3.38% |
Equity |
Lincoln Variable Insurance Products Trust - LVIP American
Century Disciplined Core Value Fund: Standard Class
II This Portfolio is only available in policies issued before April
26, 2024 Investment Advisor: Lincoln Financial Investments
Corporation Sub-Advisor: American Century Investment Management,
Inc. |
0.71%* |
8.65% |
10.19% |
8.19% |
Fixed Income |
Lincoln Variable Insurance Products Trust - LVIP American
Century Inflation Protection Fund: Service
Class This Portfolio is only available in policies issued before
April 26, 2024 Investment Advisor: Lincoln Financial Investments
Corporation Sub-Advisor: American Century Investment Management,
Inc. |
0.77%* |
3.40% |
2.65% |
1.90% |
Equity |
Lincoln Variable Insurance Products Trust - LVIP American
Century Mid Cap Value Fund: Standard Class
II This Portfolio is only available in policies issued before April
26, 2024 Investment Advisor: Lincoln Financial Investments
Corporation Sub-Advisor: American Century Investment Management,
Inc. |
0.86%* |
6.13% |
11.05% |
8.77% |
Equity |
MFS® Variable Insurance Trust - MFS Value Series: Initial
Class Investment Advisor: Massachusetts Financial Services
Company |
0.69%* |
7.93% |
11.34% |
8.52% |
Equity |
MFS® Variable Insurance Trust II - MFS International
Intrinsic Value Portfolio: Service
Class Investment Advisor: Massachusetts Financial Services
Company |
1.14%* |
17.37% |
8.31% |
6.66% |
Equity |
MFS® Variable Insurance Trust II - MFS Massachusetts
Investors Growth Stock Portfolio: Initial
Class This Portfolio is only available in policies issued before
March 27, 2015
Investment Advisor: Massachusetts Financial Services Company |
0.73%* |
24.01% |
16.68% |
12.71% |
Fixed Income |
Morgan Stanley Variable Insurance Fund, Inc. - Emerging
Markets Debt Portfolio: Class I
This Portfolio is no longer available to accept transfers or new
premium payments effective May 1, 2004
Investment Advisor: Morgan Stanley Investment Management Inc.
Sub-Advisor: Morgan Stanley Investment Management Limited |
1.10%* |
11.84% |
1.43% |
2.12% |
Type |
Underlying Mutual Fund and Adviser/
Subadviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 year |
5 year |
10 year | |||
Equity |
Nationwide Variable Insurance Trust - NVIT Allspring Discovery
Fund: Class I
This Portfolio is only available in policies issued before May 1,
2023 Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Allspring Global Investments, LLC |
0.83%* |
20.58% |
9.62% |
7.61% |
Allocation |
Nationwide Variable Insurance Trust - NVIT American Funds
Asset Allocation Fund: Class II
Investment Advisor: Capital Research and Management Company,
Nationwide Fund Advisors |
0.93%* |
13.84% |
8.79% |
6.84% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT American Funds
Bond Fund: Class II
Investment Advisor: Capital Research and Management Company,
Nationwide Fund Advisors |
0.87%* |
4.50% |
1.49% |
1.69% |
Equity |
Nationwide Variable Insurance Trust - NVIT American Funds
Global Growth Fund: Class II
Investment Advisor: Capital Research and Management Company,
Nationwide Fund Advisors |
1.06%* |
22.14% |
13.21% |
9.14% |
Equity |
Nationwide Variable Insurance Trust - NVIT American Funds
Growth Fund: Class II
Investment Advisor: Capital Research and Management Company,
Nationwide Fund Advisors |
0.98%* |
37.95% |
18.22% |
13.91% |
Equity |
Nationwide Variable Insurance Trust - NVIT American Funds
Growth-Income Fund: Class II
Investment Advisor: Capital Research and Management Company,
Nationwide Fund Advisors |
0.91%* |
25.68% |
12.93% |
10.49% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector
Bond Fund: Class I
This Portfolio is only available in policies issued before May 1,
2021 Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Amundi Asset Management, US |
0.80% |
8.70% |
4.89% |
3.75% |
Equity |
Nationwide Variable Insurance Trust - NVIT AQR Large Cap
Defensive Style Fund: Class IV
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: AQR Capital Management, LLC |
0.78% |
8.29% |
11.51% |
10.12% |
Equity |
Nationwide Variable Insurance Trust - NVIT BlackRock Equity
Dividend Fund: Class IV
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.80%* |
12.04% |
11.28% |
8.46% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Aggressive Fund: Class I
Investment Advisor: Nationwide Fund Advisors |
1.00%* |
19.74% |
11.29% |
7.38% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Balanced Fund: Class I
Investment Advisor: Nationwide Fund Advisors |
0.86%* |
13.40% |
6.79% |
4.85% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital
Appreciation Fund: Class I
Investment Advisor: Nationwide Fund Advisors |
0.91%* |
16.45% |
9.01% |
6.19% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Conservative Fund: Class I
Investment Advisor: Nationwide Fund Advisors |
0.77%* |
8.91% |
3.63% |
2.93% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Moderate Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.88%* |
14.95% |
8.02% |
5.61% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Moderately Aggressive Fund: Class I
Investment Advisor: Nationwide Fund Advisors |
0.95%* |
18.07% |
10.25% |
6.84% |
Type |
Underlying Mutual Fund and Adviser/
Subadviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 year |
5 year |
10 year | |||
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Moderately Conservative Fund: Class I
Investment Advisor: Nationwide Fund Advisors |
0.82%* |
11.88% |
5.79% |
4.29% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Core
Plus Bond Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Insight North America LLC |
0.63%* |
7.40% |
2.08% |
2.14% |
Equity |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic
U.S. Core Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Newton Investment Management Limited |
0.62%* |
23.88% |
15.51% |
11.84% |
Equity |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic
U.S. Equity Income: Class I
This Portfolio is no longer available to accept transfers or new
premium payments effective September 11, 2020
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Newton Investment Management Limited |
0.88% |
8.84% |
13.28% |
9.13% |
Equity |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic
U.S. Equity Income: Class X
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Newton Investment Management Limited |
0.75% |
9.00% |
13.37% |
9.18% |
Equity |
Nationwide Variable Insurance Trust - NVIT Calvert Equity Fund:
Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Atlanta Capital Management Company, LLC
|
0.87%* |
20.68% |
10.98% |
8.56% |
Equity |
Nationwide Variable Insurance Trust - NVIT Columbia Overseas
Value Fund: Class I
This Sub-Account is no longer available to receive transfers or new
premium payments effective October 16, 2020
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Columbia Management Investment Advisers, LLC |
1.02% |
15.56% |
7.25% |
2.74% |
Equity |
Nationwide Variable Insurance Trust - NVIT Columbia Overseas
Value Fund: Class X
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Columbia Management Investment Advisers,
LLC |
0.88% |
15.67% |
7.33% |
2.78% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT Core Bond Fund:
Class I
This Portfolio is only available in policies issued before May 1,
2023 Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Nationwide Asset Management, LLC |
0.59% |
5.19% |
0.70% |
1.69% |
Equity |
Nationwide Variable Insurance Trust - NVIT Emerging Markets
Fund: Class I
This Portfolio is only available in policies issued before May 1,
2024 Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: NS Partners Ltd |
1.10%* |
4.16% |
0.25% |
0.12% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT Federated High
Income Bond Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Federated Investment Management
Company |
0.91%* |
13.13% |
4.93% |
4.15% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT Government Bond
Fund: Class IV
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.69%* |
4.71% |
0.20% |
0.82% |
Type |
Underlying Mutual Fund and Adviser/
Subadviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 year |
5 year |
10 year | |||
Fixed Income |
Nationwide Variable Insurance Trust - NVIT Government Money
Market Fund: Class IV
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Federated Investment Management
Company |
0.47% |
4.75% |
1.60% |
0.98% |
Equity |
Nationwide Variable Insurance Trust - NVIT International Equity
Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Lazard Asset Management LLC |
0.98%* |
21.70% |
8.65% |
4.85% |
Equity |
Nationwide Variable Insurance Trust - NVIT International Equity
Fund: Class II
This Portfolio is no longer available to accept transfers or new
premium payments effective May 1, 2011
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Lazard Asset Management LLC |
1.23%* |
21.46% |
8.40% |
4.59% |
Equity |
Nationwide Variable Insurance Trust - NVIT Invesco Small Cap
Growth Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Invesco Advisers, Inc. |
1.09% |
17.47% |
11.52% |
8.33% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Investor Destinations
Aggressive Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
0.91% |
19.38% |
9.32% |
6.73% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Investor Destinations
Balanced Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
0.86% |
13.04% |
5.59% |
4.41% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Investor Destinations
Capital Appreciation Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
0.87% |
16.38% |
7.57% |
5.72% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Investor Destinations
Conservative Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
0.86% |
8.03% |
2.64% |
2.53% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Investor Destinations
Moderate Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
0.86% |
14.72% |
6.53% |
5.08% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Investor Destinations
Moderately Aggressive Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
0.88% |
17.93% |
8.43% |
6.19% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Investor Destinations
Moderately Conservative Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
0.85% |
11.25% |
4.60% |
3.83% |
Equity |
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large
Cap Core Fund: Class I
This Portfolio is only available in policies issued before May 1,
2023 Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Jacobs Levy Equity Management, Inc. |
0.79%* |
23.39% |
13.50% |
10.37% |
Equity |
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large
Cap Growth Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. |
0.70%* |
35.36% |
23.08% |
15.33% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT Loomis Short Term
Bond Fund: Class II
This Portfolio is only available in policies issued before May 1,
2023 Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Loomis, Sayles & Company, L.P. |
0.80% |
5.69% |
1.19% |
1.10% |
Type |
Underlying Mutual Fund and Adviser/
Subadviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 year |
5 year |
10 year | |||
Equity |
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund:
Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.41% |
16.06% |
12.16% |
8.86% |
Equity |
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small
Cap Value Fund: Class IV
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and
WCM Investment Management, LLC |
1.06%* |
17.59% |
11.07% |
6.85% |
Equity |
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small
Company Fund: Class IV
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and
Invesco Advisers, Inc. |
1.05%* |
13.96% |
13.30% |
8.47% |
Equity |
Nationwide Variable Insurance Trust - NVIT NS Partners
International Focused Growth Fund: Class
I Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: NS Partners Ltd |
0.98%* |
15.67% |
7.39% |
3.76% |
Equity |
Nationwide Variable Insurance Trust - NVIT Real Estate Fund:
Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Wellington Management Company LLP |
0.92%* |
12.88% |
7.92% |
6.97% |
Equity |
Nationwide Variable Insurance Trust - NVIT S&P 500®
Index Fund: Class IV
This Portfolio is only available in policies issued before May 1,
2003 Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: BlackRock Investment Management, LLC |
0.27% |
25.99% |
15.41% |
11.74% |
Equity |
Nationwide Variable Insurance Trust - NVIT Victory Mid Cap
Value Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Victory Capital Management Inc. |
1.02%* |
8.63% |
9.93% |
7.81% |
Equity |
Neuberger Berman Advisers Management Trust - Mid-Cap
Growth Portfolio: Class S Shares
This Portfolio is only available in policies issued before November 6,
2015
Investment Advisor: Neuberger Berman Investment Advisers LLC |
1.11%* |
17.96% |
11.86% |
8.69% |
Fixed Income |
Neuberger Berman Advisers Management Trust - Short Duration
Bond Portfolio: Class I Shares
Investment Advisor: Neuberger Berman Investment Advisers LLC |
0.86% |
5.90% |
1.65% |
1.21% |
Equity |
Neuberger Berman Advisers Management Trust - Sustainable
Equity Portfolio: Class I Shares
This Portfolio is only available in policies issued before May 1,
2008 Investment Advisor: Neuberger Berman Investment Advisers
LLC |
0.90% |
26.90% |
13.97% |
9.99% |
Fixed Income |
PIMCO Variable Insurance Trust - International Bond Portfolio
(Unhedged): Administrative Class
This Portfolio is only available in policies issued before May 1,
2024 Investment Advisor: PIMCO |
1.28%* |
6.21% |
-1.16% |
-0.35% |
Fixed Income |
PIMCO Variable Insurance Trust - Low Duration Portfolio:
Administrative Class
This Sub-Account is only available in policies issued before May 1,
2024
Investment Advisor: PIMCO |
0.69% |
4.97% |
0.99% |
0.92% |
Equity |
Putnam Variable Trust - Putnam VT International Equity Fund:
Class IB
This Portfolio is no longer available to accept transfers or new
premium payments effective May 1, 2004
Investment Advisor: Putnam Investment Management, LLC |
1.10% |
18.51% |
9.05% |
3.70% |
Type |
Underlying Mutual Fund and Adviser/
Subadviser |
Current
Expenses |
Average Annual Total Returns
(as of 12/31/2023) | ||
1 year |
5 year |
10 year | |||
Equity |
Putnam Variable Trust - Putnam VT Large Cap Growth Fund:
Class IB
This Portfolio is only available in policies issued before November 19,
2016
Investment Advisor: Putnam Investment Management, LLC |
0.90% |
44.47% |
18.49% |
14.40% |
Equity |
Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class
IB
This Portfolio is only available in policies issued before May 12,
2017 Investment Advisor: Putnam Investment Management,
LLC |
0.82% |
15.67% |
14.50% |
10.26% |
Equity |
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences
Portfolio: II
Investment Advisor: T. Rowe Price Associates, Inc. |
1.11% |
2.68% |
10.96% |
11.03% |
Fixed Income |
VanEck VIP Trust - VanEck VIP Emerging Markets Bond Fund:
Initial Class
Investment Advisor: Van Eck Associates Corporation |
1.10%* |
11.40% |
4.07% |
1.97% |
Equity |
VanEck VIP Trust - VanEck VIP Emerging Markets Fund: Initial
Class
This Portfolio is only available in policies issued before May 1,
2023 Investment Advisor: Van Eck Associates Corporation
|
1.25%* |
9.77% |
2.29% |
1.05% |
Equity |
VanEck VIP Trust - VanEck VIP Global Resources Fund: Initial
Class
Investment Advisor: Van Eck Associates Corporation |
1.12% |
-3.58% |
10.61% |
-1.01% |
State |
State Law Variations |
Alabama |
• Disability Waiver Benefit Rider – We will not waive monthly deductions if the total
disability was the result bodily injury occurring or sickness first manifesting
during the first two years after the effective date of this Rider or
within the five year period immediately preceding the date the Rider
took effect unless such injury or sickness was shown in the
application for this Rider. |
Colorado |
• Suicide provision is one year. |
Connecticut |
• Exchange Provision allows the exchange to a policy of permanent fixed benefit life
insurance within 24 months following the Policy Issue Date.
• The Special Transfer Right provision is not available. • Disability Waiver Benefit Rider – We will not waive monthly
deductions if the total disability was the result bodily injury
occurring or sickness first manifesting during the first two years
after the effective date of this Rider or within the five year period before the date the Rider took effect unless such injury or sickness was shown in the
application for this Rider. |
Florida |
• Long-Term Care Benefit Riders are not available. |
Illinois |
• Disability Waiver Benefit Rider - The exclusion that bodily injury occurring or sickness
first manifesting itself before this Rider took effect unless the Insured becomes
totally disabled from such condition after 2 years from the Rider
Issue Date and the application for this benefit did not include a
question or questions regarding such condition does not
apply. |
Indiana |
• Shortly before attained age 21, we will notify the Insured about possible classification as
a non-smoker. Such notification will include any forms needed for reclassification
as a non-smoker. If the Insured does not qualify for non-smoker
status or does not return the application form, we will classify the
Insured as a smoker and cost of insurance rates will be determined
in accordance with such classification. |
Maryland |
• During the first five Policy Years, the minimum Death Benefit will be at least equal to the
initial Face Amount on the Policy Issue Date if premiums are duly paid and if
there are no outstanding policy loans, partial withdrawals or
partial surrenders. After the first 5 Policy Years, the Net Cash
Surrender Value must be sufficient to cover the monthly deductions
for the Face Amount at that time. • The Exchange Provision allows the exchange to a policy of permanent fixed benefit life
insurance within 18 months following the Policy Issue Date.
• The Special Transfer Right provision is not available. • Guaranteed Minimum Death Benefit Rider is titled No-Lapse Guarantee Upon
Payment of Minimum Guarantee Premium Rider. |
Missouri |
• SUICIDE – Suicide is no defense to payment of life insurance benefits nor is suicide
while insane a defense to payment of accidental death benefits, if any, under this
Policy where the Policy is issued to a Missouri citizen, unless the
insurer can show that the Insured intended suicide when he applied
for the Policy, regardless of any language to the contrary in the
Policy. |
Montana |
• All references to sex are unisex. |
New Jersey |
• A Face Amount increase made during the first five policy years will result
in an increase of the Minimum Annual Premium.
• Disability Waiver Benefit – We will not waive monthly deductions if the total disability was
the result of bodily injury occurring or sickness first manifesting itself before
this Rider took effect unless the Insured becomes totally disabled
from such condition after 2 years from the Rider Issue Date and the
application for this benefit did not include a question or questions
regarding such condition. • Guaranteed Minimum Death Benefit Rider – The provisions of this rider replace the 5
year Minimum Guarantee Premium requirement stated in the Policy.
|
State |
State Law Variations |
North Dakota |
• Suicide – Suicide provision is one year and will be of no effect unless the Company can
show that the Insured intended suicide when he or she applied for this
Policy. |
Pennsylvania |
• At least 60 days before attained age 21, we will notify the Insured about possible
classification as a non-smoker. Such notification will include any forms needed
for reclassification as a non-smoker. If the Insured does not
qualify for non-smoker status or does not return the application
form, we will classify the Insured as a smoker and cost of insurance
rates will be determined in accordance with such classification.
• Disability Waiver Benefit Rider – Definition of Total Disability – a disability which is: (a)
caused by sickness or bodily injury; and (b) prevents the Insured from engaging in
an occupation. A) During the first 5 years of total disability.
"Occupation" means the regular occupation of the Insured at the time
the disability started. If, however, during this 5-year period the
Insured is engaged in any gainful occupation for which he or she is qualified, he or she will not be deemed totally disabled. B) After the first 5 years of total disability,
"occupation" means any gainful occupation for which the Insured is
qualified. |
South Carolina |
• Disability Waiver Benefit Rider – Bodily injury occurring, or sickness first manifesting
itself before this rider took effect is not an exclusion in South Carolina unless
such injury or sickness was shown in the application for this
rider. |
South Dakota |
• Disability Waiver Benefit Rider – Definition of Total Disability. A disability which is: (a)
caused by sickness or bodily injury; and (b) prevents the Insured from engaging in
the substantial and material duties of an occupation. During the
first 5 years of total disability, "occupation" means the
substantial and material duties of the Insured’s regular
occupation. |
Texas |
• Shortly before attained age 21, we will notify the Insured about possible classification as
a non-smoker. If the Insured does not qualify for non-smoker status or does not
return the application form, we will classify the Insured as a
smoker and cost of insurance rates will be determined in accordance
with such classification. |
Utah |
• Long-Term Care Benefit Riders are not available. |
|
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8 | |
8 | |
9 | |
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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. |
Company |
Jurisdiction
of Domicile |
Brief Description of Business |
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. |
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 Provident VLI Separate Account 1 |
(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 |