Accumulation
Unit – An accounting unit of measure used to calculate the Contract Value allocated to the Variable
Account before the Annuitization Date. |
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. |
Annuity Unit
– An accounting unit of measure used to calculate the value of variable annuity payments. |
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 Feature. |
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, the
GTOs, and the collateral fixed account. |
Contract
Year – Each year the contract is in force beginning with the date the contract is issued. |
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. |
ERISA – The Employee Retirement Income Security Act
of 1974, as amended. |
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. |
Guaranteed
Term Options("GTOs") – Investment options that provide a guaranteed fixed interest rate paid over
specific term duration and contain a market value adjustment feature. Guaranteed Term
Options are referred to as Target Term Options in some
states. |
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. |
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-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. |
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. |
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. |
Target
Term Option – Investment options that are, in all material respects, the same as Guaranteed Term Options. All
references in this prospectus to Guaranteed Term Options will also mean Target Term Options (in applicable
jurisdictions). |
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-7, 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 7% of the amount of purchase payments withdrawn,
declining to 0% over 7 years.
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 $7,000.
| ||
Transaction Charges |
Nationwide also charges a loan processing fee at the time each new loan is processed (see Loan Privilege). | ||
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 |
0.95%1 |
0.95%1 | |
Investment options (underlying mutual fund fees
and expenses) |
0.47%2 |
1.43%2 | |
Optional benefits available for an additional
charge (for a single optional benefit, if elected) |
0.05%1 |
0.50%1 | |
1 As a percentage of Daily Net Assets. 2 As a percentage of underlying mutual fund
assets. | |||
Because each contract is customizable, the options elected affect how much each
Contract Owner will pay. To help you understand the cost of owning
the contract, the following table shows the lowest and highest cost a
Contract Owner 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:
$1,332.61 |
Highest Annual Cost Estimate:
$4,166.59 | ||
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 |
Contract Owners of variable annuities can lose money by investing in
the contract, including loss of principal (see Principal Risks). |
Not a Short-Term
Investment |
The contract is not a short-term investment and is not appropriate for an investor who
needs ready access to cash. Nationwide has designed the contract to offer features,
pricing, and investment options that encourage long-term ownership (see Principal Risks).
A CDSC may apply for up to 7 years following the last purchase payment and could
reduce the value of the contract if purchase payments are withdrawn
during that time (see Contingent Deferred Sales
Charge). The benefit of tax deferral also means that the contract is more beneficial to investors with a long time horizon (see
Principal Risks). |
RISKS | |
Risks Associated with
Investment Options |
• Investment in this contract is subject to the risk of poor investment performance of the
investment options chosen by the Contract Owner.
• Each investment option (including the Fixed Account and Guaranteed Term Options) has
its own unique risks.
• Review the prospectuses and disclosures for the investment options before making an
investment decision.
See Principal Risks. |
Insurance Company Risks |
Investment in the contract is subject to the risks associated with Nationwide, including that
any obligations (including interest payable for allocations to the Fixed Account and Guaranteed Term Options), 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 Nationwide at the address and/or toll-free phone number
indicated in Contacting the Service Center (see Principal Risks). |
RESTRICTIONS |
|
Investments |
• Nationwide reserves the right to add, remove, and substitute investment options
available under the contract (see The Sub-Accounts and Underlying Mutual Funds). • Allocations to the Fixed Account may not be transferred to another investment option except at the end of a Fixed Account interest rate guarantee period (see The Fixed
Account). • Allocations to the Guaranteed Term Options that are transferred to another investment
option prior to maturity are subject to a market value adjustment (see Guaranteed Term Options).
• Allocations to the Guaranteed Term Options may not be transferred to another available investment option during the Capital Preservation Plus program period (see Capital Preservation Plus Option).
• Not all investment options may be available under your contract (see
Appendix A: Underlying Mutual Funds Available Under the Contract).
• Transfers between Sub-Accounts are subject to policies designed to deter short-term and excessively frequent transfers. Nationwide may restrict the form in which transfer requests will be accepted (see Transfer Restrictions). |
Optional Benefits |
• Certain optional benefits limit or restrict the investment options available for investment.
• Nationwide reserves the right to discontinue offering any optional benefit. Such a
discontinuance will only apply to new contracts and will not impact
any contracts already in force.
See Benefits Under the Contract. |
TAXES | |
Tax Implications |
• Consult with a tax professional to determine the tax implications of an investment in and
payments received under this contract.
• If the contract is purchased through a tax-qualified plan or IRA, there is no additional tax
deferral.
• Earnings in the contract are taxed at ordinary income tax rates at the time of
withdrawals and there may be a tax penalty if withdrawals are taken before the
Contract Owner reaches age 59½. See Appendix B: Contract Types and Tax Information.
|
CONFLICTS OF INTEREST | |
Investment Professional
Compensation |
Some financial professionals receive compensation for selling the contract.
Compensation can take the form of commission and other indirect
compensation in that Nationwide may
share the revenue it earns on this contract 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 contract over another investment
(see Distribution, Promotional, and Sales Expenses). |
Exchanges |
Some financial professionals may have a financial incentive to offer an investor a new
contract in place of the one he/she already owns. An investor should only exchange
his/her contract if he/she determines, after comparing the features,
fees, and risks of both contracts, that it is preferable for him/her
to purchase the new contract, rather than to continue to own the
existing one (see Replacements and Distribution, Promotional, and Sales Expenses). |
Transaction Expenses | ||
Maximum Contingent Deferred Sales Charge ("CDSC") (as a percentage of
purchase payments surrendered) |
7% |
|
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% |
Loan Processing Fee |
$251
|
Annual Contract Expenses | |
Annual Loan Interest Charge (assessed as a reduction to the credited
interest rate) |
2.25%2
|
Base Contract Expenses3(assessed as an annualized percentage of Daily Net Assets) |
0.95% |
Optional Benefit Expenses4 (assessed as an annualized percentage of Daily Net Assets) |
|
Reduced Purchase Payment Option Charge |
0.25%5
|
Five Year CDSC Option Charge |
0.15%6
|
CDSC Waiver Options |
|
Additional Withdrawal Without Charge and Disability Waiver Charge |
0.10%7
|
10 Year and Disability Waiver Charge (available for Tax Sheltered
Annuities only) |
0.05% |
Hardship Waiver Charge (available for Tax Sheltered Annuities
only) |
0.15% |
Optional Death Benefits |
|
One-Year Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection
Option Charge8 (available beginning January 2, 2001 or a later date if
state law requires) |
0.15% |
One-Year Step Up Death Benefit Option
Charge9 (available until state approval is
received for the One-Year Enhanced Death Benefit with Long Term
Care/Nursing Home Waiver and Spousal Protection Option) |
0.05% |
Greater of One-Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal
Protection Option Charge10 (available beginning January 2, 2001 or a later date if
state law requires) |
0.20% |
5% Enhanced Death Benefit Option
Charge11 (available until state approval is
received for the Greater of One- Year or 5% Enhanced Death Benefit with Long
Term Care/Nursing Home Waiver and Spousal Protection Option) |
0.10% |
Guaranteed Minimum Income Benefit Options (no longer
available) |
|
Guaranteed Minimum Income Benefit Option 1 Charge |
0.45% |
Guaranteed Minimum Income Benefit Option 2 Charge |
0.30% |
Extra Value Option Charge |
0.45%12
|
In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account and the
Guaranteed Term Options for the first seven Contract Years will be assessed a fee of
0.45%. |
|
Beneficiary Protector Option
Charge13 |
0.40% |
In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account or to the
Guaranteed Term Options will be assessed a fee of 0.40%. |
|
Capital Preservation Plus Option Charge |
0.50%14
|
In addition to the charge assessed to Variable Account allocations, allocations made to the Guaranteed Term
Options or Target Term Options will be assessed a fee of 0.50%. |
|
Number of Completed Years from Date of Purchase Payment |
0 |
1 |
2 |
3 |
4 |
5 |
CDSC Percentage |
7% |
7% |
6% |
4% |
2% |
0% |
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.) |
0.47% |
1.43% |
|
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 | |||||||||
|
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 (1.43%) |
$12,334 |
$20,949 |
$29,492 |
$52,545 |
* |
$15,949 |
$26,492 |
$52,545 |
$5,334 |
$15,949 |
$26,492 |
$52,545 |
Minimum Annual Underlying
Mutual Fund
Expenses (0.47%) |
$11,326 |
$18,066 |
$24,924 |
$44,596 |
* |
$13,066 |
$21,924 |
$44,596 |
$4,326 |
$13,066 |
$21,924 |
$44,596 |
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% |
Example: |
On a contract where the only optional benefit elected is the Extra Value Option, the Variable
Account value will be calculated using unit values with Variable Account charges of
1.40% for the first seven Contract Years. At the end of that period, the
charge associated with the Extra Value Option will be removed. From that
point on, the Variable Account value will be calculated using the unit
values with Variable Account charges at 0.95%. Thus, the Extra Value
Option charge is no longer included in the daily Sub-Account valuation for the contract. |
Example: |
Sub-Account X with charges of 1.40% will have a lower unit value than Sub-Account X with
charges of 0.95% (higher expenses result in lower unit values). When, upon re-rating,
the unit values used in calculating Variable Account value are dropped
from the higher expense level to the lower expense level, the higher unit
values will cause an incidental increase in the Contract Value. In order
to avoid this incidental increase, Nationwide adjusts the number of units
in the contract down so that the Contract Value after the re-rating is the same as the Contract Value before the re-rating. |
Name of Benefit |
Purpose |
Maximum
Fee |
Brief Description of Restrictions/Limitations
|
Standard Death Benefit |
Death benefit upon
death of Annuitant prior
to Annuitization |
None |
• Nationwide may limit purchase payments to $1,000,000 |
Asset Rebalancing (see
Contract Owner
Services) |
Automatic reallocation
of assets on a
predetermined
percentage basis |
None |
• Assets in the Fixed Account and GTOs are
excluded from the program |
Name of Benefit |
Purpose |
Maximum
Fee |
Brief Description of Restrictions/Limitations
|
Dollar Cost Averaging
(see Contract Owner Services) |
Long-term transfer
program involving
automatic transfer of
assets |
None |
• Transfers are only permitted from the Fixed Account and a limited number of Sub-Accounts • Transfers may not be directed to the Fixed Account
or GTOs
• Transfers from the Fixed Account must be equal to or less than 1/30th of the Fixed Account value at the time the program is requested |
Enhanced Fixed
Account Dollar Cost
Averaging (see Contract Owner Services) |
Long-term transfer
program involving
automatic transfer of
Fixed Account
allocations with higher
interest crediting rate |
None |
• Transfers are only permitted from the Fixed Account • Only new purchase payments to the contract are
eligible for the program
• Transfers may not be directed to the Fixed Account or GTOs |
Systematic Withdrawals
(see Contract Owner Services) |
Automatic withdrawals
of Contract Value on a
periodic basis |
None |
• Withdrawals must be at least $100 each |
Name of Benefit |
Purpose |
Maximum
Fee |
Current Fee |
Brief Description of Restrictions/
Limitations |
Loans (see Loan Privilege) |
Loan from Contract
Value |
$25 Loan
Processing
Fee and
2.25%
compound
interest on
outstanding
loan balance |
$25 Loan
Processing
Fee and
2.25%
compound
interest on
outstanding
loan balance |
• Only available to owners of Tax Sheltered Annuities • Subject to terms of the Tax
Sheltered Annuity plan
• Minimum and maximum loan amounts apply • Loans must be repaid within a
specified period
• Loan payments must be made at least quarterly |
Reduced Purchase
Payment Option |
Reduction to minimum
initial purchase payment
and subsequent
purchase payment
requirements |
0.25% (Daily
Net Assets) |
0.25% (Daily
Net Assets) |
• Must be elected at application • Not available for Investment-Only
Contracts |
Five Year CDSC Option |
Reduction of standard
CDSC schedule |
0.15% (Daily
Net Assets) |
0.15% (Daily
Net Assets) |
• Must be elected at application • Election is irrevocable
• Not available if the Extra Value Option is elected |
Additional Withdrawal
Without Charge and
Disability Waiver |
CDSC waiver and
increased CDSC-free
withdrawal privilege |
0.10% (Daily
Net Assets) |
0.10% (Daily
Net Assets) |
• Must be elected at application • Election is irrevocable
• CDSC waiver is subject to conditions • If waiver becomes effective due to
disability, no additional purchase
payments are permitted |
10 Year and Disability
Waiver |
CDSC waiver |
0.05% (Daily
Net Assets) |
0.05% (Daily
Net Assets) |
• Only available to owners of a Tax
Sheltered Annuity
• Must be elected at application • Election is irrevocable
• CDSC waiver is subject to conditions • If waiver becomes effective due to
disability, no additional purchase
payments are permitted |
Name of Benefit |
Purpose |
Maximum
Fee |
Current Fee |
Brief Description of Restrictions/
Limitations |
Hardship Waiver |
CDSC waiver |
0.15% (Daily
Net Assets) |
0.15% (Daily
Net Assets) |
• Only available to owners of a Tax Sheltered Annuity • Must be elected at application
• Election is irrevocable • CDSC waiver is subject to conditions
• If waiver becomes effective, no additional purchase payments are permitted |
One-Year Enhanced
Death Benefit with
Long-Term Care/
Nursing Home Waiver
and Spousal Protection |
Enhanced death benefit |
0.15% (Daily
Net Assets) |
0.15% (Daily
Net Assets) |
• May not be elected if another death benefit option is elected • Must be elected at application
• Election is irrevocable • Nationwide may limit purchase
payments to $1,000,000
Spousal Protection Feature
• Not applicable to Charitable Remainder Trusts • One or both spouses (or a revocable
trust of which either or both of the
spouses is/are grantor(s)) must be
named as the Contract Owner
• For contracts issued as an IRA or Roth IRA, only the person for whom the IRA or Roth IRA was established may be named as the Contract Owner • Only available to Contract Owner’s
spouse
• Spouses must be Co-Annuitants • Both spouses must be 85 or younger
at contract issuance
• Spouses must be named as beneficiaries • No other person may be named as
Contract Owner, Annuitant, or
primary beneficiary
• If the Contract Owner requests to add a Co-Annuitant after contract issuance, the date of marriage must be after the contract issue date and Nationwide will require the Contract Owner to provide a copy of the marriage certificate • Benefit is forfeited if certain changes
to the parties or assignments are
made |
One-Year Step Up
Death Benefit Option |
Enhanced death benefit |
0.05% (Daily
Net Assets) |
0.05% (Daily
Net Assets) |
• Limited availability
• Must be elected at application • Election is irrevocable
• Nationwide may limit purchase payments to $1,000,000 |
Name of Benefit |
Purpose |
Maximum
Fee |
Current Fee |
Brief Description of Restrictions/
Limitations |
Greater of One-Year or
5% Enhanced Death
Benefit with Long-Term
Care/Nursing Home
Waiver and Spousal
Protection Option |
Enhanced death benefit |
0.20% (Daily
Net Assets) |
0.20% (Daily
Net Assets) |
• May not be elected if another death benefit option is elected • Must be elected at application
• Election is irrevocable • Nationwide may limit purchase
payments to $1,000,000
Spousal Protection Feature
• Not applicable to Charitable Remainder Trusts • One or both spouses (or a revocable
trust of which either or both of the
spouses is/are grantor(s)) must be
named as the Contract Owner
• For contracts issued as an IRA or Roth IRA, only the person for whom the IRA or Roth IRA was established may be named as the Contract Owner • Only available to Contract Owner’s
spouse
• Spouses must be Co-Annuitants • Both spouses must be 85 or younger
at contract issuance
• Spouses must be named as beneficiaries • No other person may be named as
Contract Owner, Annuitant, or
primary beneficiary
• If the Contract Owner requests to add a Co-Annuitant after contract issuance, the date of marriage must be after the contract issue date and Nationwide will require the Contract Owner to provide a copy of the marriage certificate • Benefit is forfeited if certain changes
to the parties or assignments are
made |
5% Enhanced Death
Benefit Option |
Enhanced death benefit |
0.10% (Daily
Net Assets) |
0.10% (Daily
Net Assets) |
• Limited availability • Must be elected at application
• Election is irrevocable • Nationwide may limit purchase
payments to $1,000,000 |
Guaranteed Minimum
Income Benefit Option 1 |
Minimum guaranteed
value for annuitization |
0.45% (Daily
Net Assets) |
0.45% (Daily
Net Assets) |
• No longer available for election • Must be elected at application
• Election is irrevocable • Annuitization options are limited |
Guaranteed Minimum
Income Benefit Option 2 |
Minimum guaranteed
value for annuitization |
0.30% (Daily
Net Assets) |
0.30% (Daily
Net Assets) |
• No longer available for election
• Must be elected at application • Election is irrevocable
• Annuitization options are limited |
Name of Benefit |
Purpose |
Maximum
Fee |
Current Fee |
Brief Description of Restrictions/
Limitations |
Extra Value Option |
Additional money is
deposited to the
contract (bonus credits) |
0.45% (Daily
Net Assets,
Fixed
Account
interest
credited, and
GTO
guaranteed
rate of
return) |
0.45% (Daily
Net Assets,
Fixed
Account
interest
credited, and
GTO
guaranteed
rate of
return) |
• Must be elected at application • Election is irrevocable
• Bonus credit only applies to deposits made during the first Contract Year • Bonus credits are subject to
recapture under certain
circumstances
• Fixed Account allocations may be restricted under certain circumstances |
Beneficiary Protector
Option |
Payment of an amount
that could be used to
pay taxes assessed on
death benefit proceeds |
0.40% (Daily
Net Assets,
Fixed
Account
interest
credited, and
GTO
guaranteed
rate of
return) |
0.40% (Daily
Net Assets,
Fixed
Account
interest
credited, and
GTO
guaranteed
rate of
return) |
• Election is irrevocable • Annuitant must be 70 or younger at
date of election |
Capital Preservation
Plus Option |
Principal protection |
0.50% (Daily
Net Assets
and GTO
guaranteed
rate of
return) |
0.50% (Daily
Net Assets
and GTO
guaranteed
rate of
return) |
• Limited availability
• Must be elected at application • Investment restrictions apply
• Not available if a loan is outstanding • No new loans are permitted
• Additional purchase payments are not permitted during the program period • Enhanced Fixed Account Dollar Cost
Averaging is not available
• Surrenders cannot be taken exclusively from the GTO • Transfers to and from the GTO are
not permitted during the program
period
• Restrictions on termination apply |
Example: |
For an example of how the Standard Death Benefit (Five-Year Reset Death Benefit) is
calculated, see Appendix C: Standard Death Benefit (Five-Year Reset Death Benefit)
Example. |
Example: |
Ms. H elected the Reduced Purchase Payment Option at the time of application. While the
option remains in effect, Nationwide will accept a minimum initial purchase payment of
$1,000 or more and will accept minimum subsequent purchase payments of
$25 or more. Those amounts are lower than what would be required had the
Reduced Purchase Payment Option not been elected. |
Number of Completed Years from Date of Purchase Payment |
0 |
1 |
2 |
3 |
4 |
5+ |
CDSC
Percentage |
7% |
7% |
6% |
4% |
2% |
0% |
Example: |
Mr. B elected the Five Year CDSC Option at the time of application. Mr. B elects to take a
partial withdrawal in the fourth year of his contract. Instead of applying the standard
CDSC schedule, Nationwide will apply the Five Year CDSC schedule, which
results in a CDSC percentage of 2% (3 completed Contract
Years). |
Example: |
Mr. J elected the Additional Withdrawal Without Charge and Disability Waiver at the time of
application and he now wants to take a withdrawal from his contract. If Mr. J’s
withdrawal is subject to a CDSC and he hasn’t yet used his
CDSC-free withdrawal privilege for that year, Mr. J would be entitled to
a 15% CDSC-free withdrawal, as opposed to the 10% CDSC-free withdrawal
that is applicable on standard contracts. |
Example: |
Ms. Q elected the 10 Year and Disability Waiver at the time of application and is in her 11th
year of owning the contract. During that time, she made regular monthly payroll
deposits into the contract. Nationwide will waive any applicable CDSC on
withdrawals from Ms. Q’s contract. |
Example: |
Ms. H elected the Hardship Waiver at the time of application and she would like to take a
hardship withdrawal from her contract. Nationwide will waive any applicable CDSC on the
hardship withdrawal, provided any request proof of hardship is provided
and accepted by Nationwide. |
Example: |
For an example of how the One-Year Enhanced Death Benefit with Long-Term Care/ Nursing Home Waiver and Spousal Protection Option is calculated, see
Appendix D: One- Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal
Protection Option Example. |
Example: |
For an example of how the One-Year Step-Up Death Benefit Option is calculated, see
Appendix E: One-Year Step Up Death Benefit Option Example. |
Example: |
For an example of how the Greater of One-Year or 5% Enhanced Death Benefit with Long-
Term Care/Nursing Home Waiver and Spousal Protection Option is calculated, see
Appendix F: Greater of One-Year or 5% Enhanced Death
Benefit with Long-Term Care/ Nursing Home Waiver and
Spousal Protection Option Example. |
Example: |
For an example of how the 5% Enhanced Death Benefit Option is calculated, see Appendix G: 5% Enhanced Death Benefit Option Example |
Example: |
On June 1, which is before her Annuitization Date, Ms. P passes away. Her death benefit
contains the Spousal Protection Feature. 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 Feature,
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. |
Example: |
Assume the Guaranteed Annuitization Value = $100,000 and the Contract Value = $80,000
at time of a $20,000 withdrawal. Therefore, the Contract Value would be reduced by 25%
($20,000/$80,000), and the Guaranteed Annuitization Value would also be
reduced by 25% or $25,000 (25% x $100,000). As a result, the new
Guaranteed Annuitization Value = $75,000 ($100,000-$25,000).
|
Example: |
Assume the highest Contract Value on any Contract Anniversary prior to the Annuitant’s
86th birthday = $100,000 and the Contract Value = $80,000 at time of a $20,000
withdrawal. Therefore, the Contract Value would be reduced by 25%
($20,000/$80,000), and the Guaranteed Annuitization Value would also be
reduced by 25% or $25,000 (25% x $100,000). As a result, the new
Guaranteed Annuitization Value = $75,000 ($100,000-$25,000).
|
Example: |
Mr. C elects the Extra Value Option and submits an initial purchase payment of $50,000. On
the date the initial purchase payment is applied (and in addition to that initial
purchase payment), Nationwide will apply another $1,500 (which is 3% of
$50,000) to Mr. C’s contract. |
a |
= |
the Contract Value on the date the death benefit is calculated (prior to any death benefit calculation); |
b |
= |
purchase payments, proportionately adjusted for withdrawals; and |
c |
= |
any adjustment for a death benefit previously credited, proportionately adjusted for withdrawals. |
a |
= |
Contract Value on the date the death benefit is calculated (prior to any death benefit calculation); |
b |
= |
the Contract Value on the date the option is elected, proportionately adjusted for withdrawals; |
c |
= |
purchase payments made after the option is elected, proportionately adjusted for withdrawals; |
d |
= |
any adjustment for a death benefit previously credited to the contract after the option is elected, proportionately
adjusted for withdrawals. |
Example: |
The Annuitant elected the Beneficiary Protector Option at the time of application. On the
date of the Annuitant’s death, the Contract Value = $75,000, the total purchase
payments (adjusted for withdrawals) = $68,000, and there is no adjustment
for a death benefit previously credited. The amount of the benefit would
be calculated as follows: 40% x ($75,000-$68,000-$0), which equals
$2,800. |
Example: |
Ms. D elected the Capital Preservation Plus Option and elected a 10-year program period.
Nationwide informed her of her investment options and she provided her allocation
instructions. At the beginning of the program period, her Contract Value
was $50,000. At the end of the program period, Ms. D’s Contract
Value was $56,000, so no adjustment was made to her contract. Had her
Contract Value been less than $50,000 at the end of the program period,
Nationwide would have adjusted the Contract Value to equal $50,000. |
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. |
|
Contract Values |
Maximum Outstanding Loan Balance Allowed |
Non-ERISA Plans |
up to $20,000 |
up to 80% of Contract Value (not more than $10,000) |
|
$20,000 and over |
up to 50% of Contract Value (not more than $50,000*) |
ERISA Plans |
All |
up to 50% of Contract Value (not more than $50,000*) |
Example: |
|
|
|
|
|
Ms. T takes a loan from her contract of $50,000. After default, the first time interest
is calculated as follows: | |||||
1A.The
total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | |||||
6.25% (total
interest rate) |
x |
$50,000
(outstanding principal) |
= |
$3,125 ($2,000
=collateral interest $1,125 = finance interest) |
|
1B.The
amount from 1A representing collateral interest is added to the outstanding principal; | |||||
$2,000
(collateral interest) |
+ |
$50,000
(outstanding principal) |
= |
$52,000
(outstanding
principal and collateral interest) |
|
1C.The
amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on a compound basis and will become the outstanding finance interest; and | |||||
$1,125
(outstanding
finance
interest) |
|
|
|
|
|
1D.The
outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding principal and interest. | |||||
$52,000
(outstanding
principal and collateral interest) |
+ |
$1,125
(outstanding
finance
interest) |
= |
$53,125 (total
outstanding principal and interest) |
|
Thereafter, when interest is calculated: |
|
|
|
|
|
2A.The
total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest from 1A above; | |||||
6.25% (total
interest rate) |
x |
$52,000 (1A
outstanding principal and
collateral interest) |
= |
$3,250 ($2,080 =
collateral interest $1,170 = finance interest) |
|
2B.The
amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; |
Example: |
|
|
|
|
|
$2,080
(collateral interest) |
+ |
$52,000 (1A
outstanding principal and
collateral interest) |
= |
$54,080
(outstanding
principal and collateral interest) |
|
2C.The
total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | |||||
6.25% (total
interest rate) |
x |
$1,125
(outstanding finance
interest) |
= |
$70.31 (finance
interest) |
|
$70.31 (finance
interest) |
+ |
$1,125
(outstanding
finance interest) |
= |
$1,195.31
(outstanding
finance interest) |
|
2D.The
amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | |||||
$1,170 (finance
interest) |
+ |
$1,195.31
(outstanding
finance interest) |
= |
$2,365.31
(outstanding
finance interest) |
|
2E.The
outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to determine the total outstanding principal and interest. | |||||
$54,080 (total
outstanding principal and collateral interest) |
+ |
$2,365.31
(outstanding
finance interest) |
= |
$56,445.31 (total
outstanding principal and interest) |
|
This method of interest calculation and accrual is applied to the total outstanding
principal and collateral interest, and finance interest balances until the
entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on which no payments were made will accrue as follows: | |||||
Outstanding Principal |
|
$50,000 |
| ||
Outstanding Collateral Interest |
|
$40,047 |
| ||
Outstanding Finance Interest |
|
$34,091 |
| ||
Total Outstanding Principal and Interest |
|
$124,138 |
|
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. |
Contract Owner's Age |
Percentage of Contract Value |
Under
age 59½ |
5
% |
59½ through age 61 |
7
% |
62
through age 64 |
8
% |
65
through age 74 |
10
% |
75
and over |
13
% |
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. |
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 |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Discovery Value Portfolio: Class B
Investment Advisor: AllianceBernstein L.P. |
1.06% |
16.86% |
10.51% |
7.29% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
International Value Portfolio: Class B
This underlying mutual fund is no longer available to receive transfers or
new purchase payments effective May 1, 2004
Investment Advisor: AllianceBernstein L.P. |
1.15% |
14.83% |
5.55% |
1.83% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Large Cap Growth Portfolio: Class B
Investment Advisor: AllianceBernstein L.P. |
0.91%* |
34.79% |
17.56% |
14.60% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Relative Value Portfolio: Class B
Investment Advisor: AllianceBernstein L.P. |
0.86%* |
11.72% |
11.57% |
9.05% |
Equity |
BNY Mellon Investment Portfolios - MidCap Stock Portfolio:
Service Shares
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2021
Investment Advisor: BNY Mellon Investment Adviser, Inc.
Sub-Advisor: Newton Investment Management North America, LLC |
1.05%* |
17.99% |
10.42% |
7.17% |
Fixed Income |
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income
Fund: Initial Class
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Eaton Vance Management |
1.17% |
11.21% |
4.13% |
3.22% |
Fixed Income |
Federated Hermes Insurance Series - Federated Hermes High
Income Bond Fund II: Service Shares
Investment Advisor: Federated Investment Management Company |
1.06%* |
12.47% |
4.49% |
3.87% |
Allocation |
Federated Hermes Insurance Series - Federated Hermes Managed
Volatility Fund II: Service Shares
Investment Advisor: Federated Global Investment Management Corp.
Investment Sub-Advisor: Federated Global Investment Management
Corp., Federated Investment Management Company, Federated Equity
Management Company of Pennsylvania |
1.22%* |
8.33% |
5.88% |
3.93% |
Fixed Income |
Federated Hermes Insurance Series - Federated Hermes Quality
Bond Fund II: Service Shares
Investment Advisor: Federated Investment Management Company |
1.06%* |
5.85% |
2.10% |
2.00% |
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 - VIP Asset Manager
Growth 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 |
0.74% |
16.21% |
9.57% |
6.47% |
Allocation |
Fidelity Variable Insurance Products Fund - VIP Asset Manager
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 |
0.63% |
12.90% |
7.38% |
5.30% |
Allocation |
Fidelity Variable Insurance Products Fund - VIP Balanced
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 |
0.54% |
21.40% |
12.32% |
8.96% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Dynamic Capital
Appreciation 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 |
0.72% |
28.93% |
17.09% |
11.55% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Equity-Income
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 |
0.57% |
10.53% |
12.18% |
8.47% |
Money Market |
Fidelity Variable Insurance Products Fund - VIP Government Money
Market 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 |
0.27% |
4.54% |
1.66% |
1.08% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Growth 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 |
0.68% |
36.09% |
19.52% |
14.68% |
Fixed Income |
Fidelity Variable Insurance Products Fund - VIP High Income
Portfolio: Service Class
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2016
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 |
0.87% |
10.50% |
3.80% |
3.30% |
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 Index 500
Portfolio: Initial Class
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Investment Sub-Advisor: Geode Capital Management, LLC |
0.10% |
26.19% |
15.56% |
11.92% |
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% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Overseas
Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Investment Sub-Advisor: FMR UK, FMR HK, FMR Japan, FIA, and
FIA(UK) |
0.98% |
20.22% |
9.71% |
4.65% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Overseas
Portfolio: Service Class
Effective this underlying mutual fund is no longer available to receive
transfers or new purchase payments May 1, 2015
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Sub-Advisor: FMR UK, FMR HK, FMR Japan, FIA, and FIA(UK) |
0.83% |
20.41% |
9.87% |
4.80% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Value 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 |
0.70% |
19.67% |
15.88% |
9.88% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Value Strategies
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 |
0.85% |
20.61% |
16.63% |
9.10% |
Equity |
Invesco - Invesco V.I. Comstock Fund: Series II
Shares Investment Advisor: Invesco Advisers, Inc. |
1.00% |
12.09% |
13.20% |
8.65% |
Equity |
Invesco - Invesco V.I. Core Equity Fund: Series II
Shares This underlying mutual fund is only available in contracts for
which good order applications were received before May 1,
2024 Investment Advisor: Invesco Advisers, Inc. |
1.05% |
23.09% |
12.67% |
7.53% |
Equity |
Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series
II Investment Advisor: Invesco Advisers, Inc. |
1.12% |
12.85% |
12.47% |
9.51% |
Equity |
Invesco - Invesco V.I. EQV International Equity Fund: Series II
Shares
Effective this underlying mutual fund is no longer available to receive
transfers or new purchase payments May 1, 2004
Investment Advisor: Invesco Advisers, Inc. |
1.15% |
17.87% |
8.15% |
4.07% |
Equity |
Invesco - Invesco V.I. Global Fund: Series II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Invesco Advisers, Inc. |
1.07% |
34.45% |
12.02% |
8.20% |
Fixed Income |
Invesco - Invesco V.I. Global Strategic Income Fund: Series
II Investment Advisor: Invesco Advisers, Inc. |
1.17%* |
8.60% |
1.04% |
1.25% |
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 |
MFS® Variable Insurance Trust - MFS Mid Cap Growth Series:
Service Class
Investment Advisor: Massachusetts Financial Services Company |
1.05%* |
20.97% |
13.05% |
10.85% |
Equity |
MFS® Variable Insurance Trust - MFS New Discovery Series:
Service Class
Investment Advisor: Massachusetts Financial Services Company |
1.12%* |
14.25% |
10.81% |
7.41% |
Equity |
MFS® Variable Insurance Trust - MFS Value Series: Service
Class Investment Advisor: Massachusetts Financial Services
Company |
0.94%* |
7.63% |
11.07% |
8.25% |
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: Service
Class This underlying mutual fund is only available in contracts for
which good order applications were received before March 27,
2015 Investment Advisor: Massachusetts Financial Services
Company |
0.98%* |
23.70% |
16.39% |
12.44% |
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 BNY Mellon Dynamic
U.S. Core Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Newton Investment Management Limited |
0.87%* |
23.56% |
15.23% |
11.57% |
Equity |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic
U.S. Equity Income: Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Newton Investment Management Limited |
0.88% |
8.84% |
13.28% |
9.13% |
Equity |
Nationwide Variable Insurance Trust - NVIT Calvert Equity Fund:
Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Atlanta Capital Management Company, LLC
|
0.78%* |
20.59% |
10.98% |
8.61% |
Equity |
Nationwide Variable Insurance Trust - NVIT Columbia Overseas
Value Fund: Class Z
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Columbia Management Investment Advisers,
LLC |
1.13% |
15.36% |
7.06% |
2.52% |
Equity |
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund:
Class II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2024
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: NS Partners Ltd |
1.35%* |
3.86% |
-0.01% |
-0.13% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT Government Bond Fund:
Class I
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2022
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Nationwide Asset Management, LLC |
0.69%* |
4.70% |
0.21% |
0.82% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT Government Money
Market Fund: Class I
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 Invesco Small Cap
Growth Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Invesco Advisers, Inc. |
1.34% |
17.16% |
11.25% |
8.06% |
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 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
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 II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Jacobs Levy Equity Management, Inc. |
0.89%* |
23.20% |
13.40% |
10.26% |
Equity |
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund:
Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.61% |
15.82% |
11.93% |
8.63% |
Equity |
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small
Cap Value Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and
WCM Investment Management, LLC |
1.31%* |
17.15% |
10.77% |
6.57% |
Equity |
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small
Company Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and
Invesco Advisers, Inc. |
1.30%* |
13.69% |
13.02% |
8.20% |
Equity |
Nationwide Variable Insurance Trust - NVIT NS Partners
International Focused Growth Fund: Class
II Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: NS Partners Ltd |
1.23%* |
15.54% |
7.15% |
3.51% |
Equity |
Nationwide Variable Insurance Trust - NVIT S&P 500®
Index Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.50%* |
25.80% |
15.14% |
11.49% |
Equity |
Neuberger Berman Advisers Management Trust - Sustainable Equity
Portfolio: Class I Shares
Investment Advisor: Neuberger Berman Investment Advisers LLC |
0.90% |
26.90% |
13.97% |
9.99% |
Fixed Income |
PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio:
Advisor Class
Investment Advisor: PIMCO |
1.37% |
11.00% |
2.14% |
2.68% |
Equity |
Putnam Variable Trust - Putnam VT International Equity Fund:
Class IB
Effective this underlying mutual fund is no longer available to receive
transfers or new purchase payments May 1, 2004
Investment Advisor: Putnam Investment Management, LLC |
1.10% |
18.51% |
9.05% |
3.70% |
Equity |
VanEck VIP Trust - VanEck VIP Global Resources Fund: Class
S Investment Advisor: Van Eck Associates Corporation
|
1.36% |
-3.84% |
10.34% |
-1.26% |
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 |
VanEck VIP Trust - VanEck VIP Global Resources Fund: Initial
Class Effective this underlying mutual fund is no longer available to
receive transfers or new purchase payments May 1, 2012
Investment Advisor: Van Eck Associates Corporation |
1.12% |
-3.58% |
10.61% |
-1.01% |
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 |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Discovery Value Portfolio: Class B
Investment Advisor: AllianceBernstein L.P. |
1.06% |
16.86% |
10.51% |
7.29% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
International Value Portfolio: Class B
This underlying mutual fund is no longer available to receive transfers or
new purchase payments effective May 1, 2004
Investment Advisor: AllianceBernstein L.P. |
1.15% |
14.83% |
5.55% |
1.83% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Large Cap Growth Portfolio: Class B
Investment Advisor: AllianceBernstein L.P. |
0.91%* |
34.79% |
17.56% |
14.60% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Relative Value Portfolio: Class B
Investment Advisor: AllianceBernstein L.P. |
0.86%* |
11.72% |
11.57% |
9.05% |
Equity |
BNY Mellon Investment Portfolios - MidCap Stock Portfolio:
Service Shares
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2021
Investment Advisor: BNY Mellon Investment Adviser, Inc.
Sub-Advisor: Newton Investment Management North America, LLC |
1.05%* |
17.99% |
10.42% |
7.17% |
Fixed Income |
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income
Fund: Initial Class
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Eaton Vance Management |
1.17% |
11.21% |
4.13% |
3.22% |
Fixed Income |
Federated Hermes Insurance Series - Federated Hermes High
Income Bond Fund II: Service Shares
Investment Advisor: Federated Investment Management Company |
1.06%* |
12.47% |
4.49% |
3.87% |
Allocation |
Federated Hermes Insurance Series - Federated Hermes Managed
Volatility Fund II: Service Shares
Investment Advisor: Federated Global Investment Management Corp.
Investment Sub-Advisor: Federated Global Investment Management
Corp., Federated Investment Management Company, Federated Equity
Management Company of Pennsylvania |
1.22%* |
8.33% |
5.88% |
3.93% |
Fixed Income |
Federated Hermes Insurance Series - Federated Hermes Quality
Bond Fund II: Service Shares
Investment Advisor: Federated Investment Management Company |
1.06%* |
5.85% |
2.10% |
2.00% |
Allocation |
Fidelity Variable Insurance Products Fund - VIP Asset Manager
Growth 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 |
0.89% |
16.05% |
9.41% |
6.30% |
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 - VIP Asset Manager
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 |
0.78% |
12.65% |
7.22% |
5.14% |
Allocation |
Fidelity Variable Insurance Products Fund - VIP Balanced
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 |
0.69% |
21.23% |
12.15% |
8.80% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Dynamic Capital
Appreciation 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 |
0.87% |
28.72% |
16.93% |
11.38% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Equity-Income
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 |
0.72% |
10.38% |
12.01% |
8.31% |
Money Market |
Fidelity Variable Insurance Products Fund - VIP Government Money
Market 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 |
0.27% |
4.54% |
1.66% |
1.08% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Growth &
Income 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 |
0.74% |
18.37% |
14.50% |
9.99% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Growth 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 |
0.83% |
35.89% |
19.34% |
14.51% |
Fixed Income |
Fidelity Variable Insurance Products Fund - VIP High Income
Portfolio: Service Class 2
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2016
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 |
1.02% |
10.24% |
3.60% |
3.14% |
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 Index 500
Portfolio: Initial Class
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Investment Sub-Advisor: Geode Capital Management, LLC |
0.10% |
26.19% |
15.56% |
11.92% |
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% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Overseas
Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Investment Sub-Advisor: FMR UK, FMR HK, FMR Japan, FIA, and
FIA(UK) |
0.98% |
20.22% |
9.71% |
4.65% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Value 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 |
0.85% |
19.47% |
15.69% |
9.71% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Value Strategies
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 |
0.85% |
20.61% |
16.63% |
9.10% |
Equity |
Invesco - Invesco V.I. Comstock Fund: Series II
Shares Investment Advisor: Invesco Advisers, Inc. |
1.00% |
12.09% |
13.20% |
8.65% |
Equity |
Invesco - Invesco V.I. Core Equity Fund: Series II
Shares This underlying mutual fund is only available in contracts for
which good order applications were received before May 1,
2024 Investment Advisor: Invesco Advisers, Inc. |
1.05% |
23.09% |
12.67% |
7.53% |
Equity |
Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series
II Investment Advisor: Invesco Advisers, Inc. |
1.12% |
12.85% |
12.47% |
9.51% |
Equity |
Invesco - Invesco V.I. EQV International Equity Fund: Series II
Shares
Effective this underlying mutual fund is no longer available to receive
transfers or new purchase payments May 1, 2004
Investment Advisor: Invesco Advisers, Inc. |
1.15% |
17.87% |
8.15% |
4.07% |
Equity |
Invesco - Invesco V.I. Global Fund: Series II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Invesco Advisers, Inc. |
1.07% |
34.45% |
12.02% |
8.20% |
Fixed Income |
Invesco - Invesco V.I. Global Strategic Income Fund: Series
II Investment Advisor: Invesco Advisers, Inc. |
1.17%* |
8.60% |
1.04% |
1.25% |
Equity |
MFS® Variable Insurance Trust - MFS Mid Cap Growth Series:
Service Class
Investment Advisor: Massachusetts Financial Services Company |
1.05%* |
20.97% |
13.05% |
10.85% |
Equity |
MFS® Variable Insurance Trust - MFS New Discovery Series:
Service Class
Investment Advisor: Massachusetts Financial Services Company |
1.12%* |
14.25% |
10.81% |
7.41% |
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 |
MFS® Variable Insurance Trust - MFS Value Series: Service
Class Investment Advisor: Massachusetts Financial Services
Company |
0.94%* |
7.63% |
11.07% |
8.25% |
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: Service
Class This underlying mutual fund is only available in contracts for
which good order applications were received before March 27,
2015 Investment Advisor: Massachusetts Financial Services
Company |
0.98%* |
23.70% |
16.39% |
12.44% |
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 BNY Mellon Dynamic
U.S. Core Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Newton Investment Management Limited |
0.87%* |
23.56% |
15.23% |
11.57% |
Equity |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic
U.S. Equity Income: Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Newton Investment Management Limited |
0.88% |
8.84% |
13.28% |
9.13% |
Equity |
Nationwide Variable Insurance Trust - NVIT Calvert Equity Fund:
Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Atlanta Capital Management Company, LLC
|
0.78%* |
20.59% |
10.98% |
8.61% |
Equity |
Nationwide Variable Insurance Trust - NVIT Columbia Overseas
Value Fund: Class Z
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Columbia Management Investment Advisers,
LLC |
1.13% |
15.36% |
7.06% |
2.52% |
Equity |
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund:
Class II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2024
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: NS Partners Ltd |
1.35%* |
3.86% |
-0.01% |
-0.13% |
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 I
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2022
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Nationwide Asset Management, LLC |
0.69%* |
4.70% |
0.21% |
0.82% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT Government Money
Market Fund: Class I
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 Invesco Small Cap
Growth Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Invesco Advisers, Inc. |
1.34% |
17.16% |
11.25% |
8.06% |
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 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
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 II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Jacobs Levy Equity Management, Inc. |
0.89%* |
23.20% |
13.40% |
10.26% |
Equity |
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund:
Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.61% |
15.82% |
11.93% |
8.63% |
Equity |
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small
Cap Value Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and
WCM Investment Management, LLC |
1.31%* |
17.15% |
10.77% |
6.57% |
Equity |
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small
Company Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and
Invesco Advisers, Inc. |
1.30%* |
13.69% |
13.02% |
8.20% |
Equity |
Nationwide Variable Insurance Trust - NVIT NS Partners
International Focused Growth Fund: Class
II Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: NS Partners Ltd |
1.23%* |
15.54% |
7.15% |
3.51% |
Equity |
Nationwide Variable Insurance Trust - NVIT S&P 500®
Index Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.50%* |
25.80% |
15.14% |
11.49% |
Equity |
Neuberger Berman Advisers Management Trust - Sustainable Equity
Portfolio: Class I Shares
Investment Advisor: Neuberger Berman Investment Advisers LLC |
0.90% |
26.90% |
13.97% |
9.99% |
Fixed Income |
PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio:
Advisor Class
Investment Advisor: PIMCO |
1.37% |
11.00% |
2.14% |
2.68% |
Equity |
Putnam Variable Trust - Putnam VT International Equity Fund:
Class IB
Effective this underlying mutual fund is no longer available to receive
transfers or new purchase payments 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
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 Investment Advisor: Putnam Investment Management, LLC
|
0.82% |
15.67% |
14.50% |
10.26% |
Equity |
VanEck VIP Trust - VanEck VIP Global Resources Fund: Class
S Investment Advisor: Van Eck Associates Corporation
|
1.36% |
-3.84% |
10.34% |
-1.26% |
Equity |
VanEck VIP Trust - VanEck VIP Global Resources Fund: Initial
Class Effective this underlying mutual fund is no longer available to
receive transfers or new purchase payments May 1, 2012
Investment Advisor: Van Eck Associates Corporation |
1.12% |
-3.58% |
10.61% |
-1.01% |
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 |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Discovery Value Portfolio: Class B
Investment Advisor: AllianceBernstein L.P. |
1.06% |
16.86% |
10.51% |
7.29% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
International Value Portfolio: Class B
Effective this underlying mutual fund is no longer available to receive
transfers or new purchase payments May 1, 2004
Investment Advisor: AllianceBernstein L.P. |
1.15% |
14.83% |
5.55% |
1.83% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Large Cap Growth Portfolio: Class B
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2004
Investment Advisor: AllianceBernstein L.P. |
0.91%* |
34.79% |
17.56% |
14.60% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Relative Value Portfolio: Class B
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2004
Investment Advisor: AllianceBernstein L.P. |
0.86%* |
11.72% |
11.57% |
9.05% |
Equity |
Allspring Variable Trust - VT Small Cap Growth Fund: Class
2 This underlying mutual fund is only available in contracts for
which good order applications were received 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 III
Investment Advisor: BlackRock Advisors, LLC
Investment Sub-Advisor: BlackRock International Limited and BlackRock
(Singapore) Limited |
1.02%* |
12.49% |
7.38% |
4.63% |
Equity |
BNY Mellon Investment Portfolios - MidCap Stock Portfolio:
Service Shares
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2021
Investment Advisor: BNY Mellon Investment Adviser, Inc.
Sub-Advisor: Newton Investment Management North America, LLC |
1.05%* |
17.99% |
10.42% |
7.17% |
Fixed Income |
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income
Fund: Initial Class
This underlying mutual fund is only available in contracts for which good
order applications were received on or after May 1,
2023 Investment Advisor: Eaton Vance Management |
1.17% |
11.21% |
4.13% |
3.22% |
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 |
Federated Hermes Insurance Series - Federated Hermes High Income
Bond Fund II: Service Shares
Investment Advisor: Federated Investment Management Company |
1.06%* |
12.47% |
4.49% |
3.87% |
Allocation |
Federated Hermes Insurance Series - Federated Hermes Managed
Volatility Fund II: Service Shares
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2004
Investment Advisor: Federated Global Investment Management Corp.
Sub-Advisor: Federated Global Investment Management Corp., Federated
Investment Management Company, Federated Equity Management
Company of Pennsylvania |
1.22%* |
8.33% |
5.88% |
3.93% |
Fixed Income |
Federated Hermes Insurance Series - Federated Hermes Quality
Bond Fund II: Service Shares
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2008
Investment Advisor: Federated Investment Management Company |
1.06%* |
5.85% |
2.10% |
2.00% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Dynamic Capital
Appreciation Portfolio: Service Class
2 This underlying mutual fund is only available in contracts for
which good order applications were received 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 |
0.87% |
28.72% |
16.93% |
11.38% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Equity-Income
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 |
0.72% |
10.38% |
12.01% |
8.31% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Growth &
Income Portfolio: Service Class 2
This underlying mutual fund is only available in contracts for which good
order applications were received 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 |
0.74% |
18.37% |
14.50% |
9.99% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Growth 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 |
0.83% |
35.89% |
19.34% |
14.51% |
Fixed Income |
Fidelity Variable Insurance Products Fund - VIP High Income
Portfolio: Service Class 2
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2016
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 |
1.02% |
10.24% |
3.60% |
3.14% |
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 Overseas
Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Investment Sub-Advisor: FMR UK, FMR HK, FMR Japan, FIA, and
FIA(UK) |
0.98% |
20.22% |
9.71% |
4.65% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Value Strategies
Portfolio: Service Class 2
This underlying mutual fund is only available in contracts for which good
order applications were received 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 |
0.85% |
20.61% |
16.63% |
9.10% |
Allocation |
Franklin Templeton Variable Insurance Products Trust - Franklin
Allocation VIP Fund: Class 2
This underlying mutual fund is only available in contracts for which good
order applications were received 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 |
Invesco - Invesco V.I. Comstock Fund: Series II
Shares Investment Advisor: Invesco Advisers, Inc. |
1.00% |
12.09% |
13.20% |
8.65% |
Equity |
Invesco - Invesco V.I. Core Equity Fund: Series II
Shares This underlying mutual fund is only available in contracts for
which good order applications were received before May 1,
2024 Investment Advisor: Invesco Advisers, Inc. |
1.05% |
23.09% |
12.67% |
7.53% |
Equity |
Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series
II Investment Advisor: Invesco Advisers, Inc. |
1.12% |
12.85% |
12.47% |
9.51% |
Equity |
Invesco - Invesco V.I. EQV International Equity Fund: Series II
Shares Effective this underlying mutual fund is no longer available
to receive transfers or new purchase payments May 1,
2004 Investment Advisor: Invesco Advisers, Inc. |
1.15% |
17.87% |
8.15% |
4.07% |
Equity |
Invesco - Invesco V.I. Global Fund: Series II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Invesco Advisers, Inc. |
1.07% |
34.45% |
12.02% |
8.20% |
Fixed Income |
Invesco - Invesco V.I. Global Strategic Income Fund: Series
II Investment Advisor: Invesco Advisers, Inc. |
1.17%* |
8.60% |
1.04% |
1.25% |
Equity |
Invesco - Invesco V.I. Main Street Small Cap Fund: Series
II Investment Advisor: Invesco Advisers, Inc. |
1.13% |
17.82% |
12.78% |
8.66% |
Allocation |
Ivy Variable Insurance Portfolios - Macquarie VIP Asset Strategy
Series: Service Class (formerly, Ivy Variable
Insurance Portfolios - Delaware Ivy Asset Strategy:
Class II) This underlying mutual fund is only available in contracts
for which good order applications were received before May 1,
2017 Investment Advisor: Delaware Management Company, a series of
Macquarie Investment Management Business Trust (a Delaware statutory
trust)
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% |
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 |
MFS® Variable Insurance Trust - MFS Mid Cap Growth Series:
Service Class
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2006
Investment Advisor: Massachusetts Financial Services Company |
1.05%* |
20.97% |
13.05% |
10.85% |
Equity |
MFS® Variable Insurance Trust - MFS New Discovery Series:
Service Class
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2006
Investment Advisor: Massachusetts Financial Services Company |
1.12%* |
14.25% |
10.81% |
7.41% |
Equity |
MFS® Variable Insurance Trust - MFS Value Series: Service
Class Investment Advisor: Massachusetts Financial Services
Company |
0.94%* |
7.63% |
11.07% |
8.25% |
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: Service
Class This underlying mutual fund is only available in contracts for
which good order applications were received before March 27,
2015 Investment Advisor: Massachusetts Financial Services
Company |
0.98%* |
23.70% |
16.39% |
12.44% |
Equity |
Nationwide Variable Insurance Trust - NVIT Allspring Discovery
Fund: Class II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Allspring Global Investments, LLC |
1.08%* |
20.44% |
9.35% |
7.35% |
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% |
Equity |
Nationwide Variable Insurance Trust - NVIT AQR Large Cap
Defensive Style Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: AQR Capital Management, LLC |
1.03% |
8.03% |
11.24% |
9.84% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Aggressive Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
1.09%* |
19.54% |
11.17% |
7.29% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced
Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
0.95%* |
13.32% |
6.70% |
4.75% |
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) Capital
Appreciation Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
1.00%* |
16.28% |
8.91% |
6.10% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Conservative Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
0.86%* |
8.83% |
3.53% |
2.83% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate
Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.97%* |
14.92% |
7.93% |
5.53% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Moderately Aggressive Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
1.04%* |
17.90% |
10.14% |
6.74% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Moderately Conservative Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
0.91%* |
11.70% |
5.70% |
4.19% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Core Plus
Bond Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Insight North America LLC |
0.88%* |
7.17% |
1.82% |
1.90% |
Equity |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic
U.S. Core Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Newton Investment Management Limited |
0.87%* |
23.56% |
15.23% |
11.57% |
Equity |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic
U.S. Equity Income: Class II
This underlying mutual fund is no longer available to receive transfers or
new purchase payments effective September 11, 2020
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Newton Investment Management Limited |
1.05%* |
8.65% |
13.10% |
8.95% |
Equity |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic
U.S. Equity Income: Class Z
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Newton Investment Management Limited |
1.00% |
8.78% |
13.08% |
8.90% |
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 underlying mutual fund is no longer available to receive transfers or
new purchase 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 Z
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Columbia Management Investment Advisers,
LLC |
1.13% |
15.36% |
7.06% |
2.52% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class
II This underlying mutual fund is only available in contracts for
which good order applications were received before May 1,
2023 Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Nationwide Asset Management, LLC |
0.84% |
5.05% |
0.47% |
1.44% |
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 Emerging Markets Fund:
Class II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2024
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: NS Partners Ltd |
1.35%* |
3.86% |
-0.01% |
-0.13% |
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 I
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2022
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Nationwide Asset Management, LLC |
0.69%* |
4.70% |
0.21% |
0.82% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT Government Money
Market Fund: Class I
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 II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2020
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 II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Invesco Advisers, Inc. |
1.34% |
17.16% |
11.25% |
8.06% |
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 II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Jacobs Levy Equity Management, Inc. |
0.89%* |
23.20% |
13.40% |
10.26% |
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 Jacobs Levy Large Cap
Growth Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. |
0.95%* |
34.99% |
22.78% |
15.03% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT Loomis Short Term Bond
Fund: Class II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Loomis, Sayles & Company, L.P. |
0.80% |
5.69% |
1.19% |
1.10% |
Equity |
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund:
Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.61% |
15.82% |
11.93% |
8.63% |
Equity |
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small
Cap Value Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and WCM
Investment Management, LLC |
1.31%* |
17.15% |
10.77% |
6.57% |
Equity |
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small
Company Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and
Invesco Advisers, Inc. |
1.30%* |
13.69% |
13.02% |
8.20% |
Equity |
Nationwide Variable Insurance Trust - NVIT NS Partners
International Focused Growth Fund: Class
II Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: NS Partners Ltd |
1.23%* |
15.54% |
7.15% |
3.51% |
Equity |
Nationwide Variable Insurance Trust - NVIT Real Estate Fund:
Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Wellington Management Company LLP |
1.17%* |
12.64% |
7.64% |
6.71% |
Equity |
Nationwide Variable Insurance Trust - NVIT S&P 500®
Index Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.50%* |
25.80% |
15.14% |
11.49% |
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 - Sustainable Equity
Portfolio: Class I Shares
This underlying mutual fund is only available in contracts for which good
order applications were received 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 - Emerging Markets Bond Portfolio:
Advisor Class
Investment Advisor: PIMCO |
1.37% |
11.00% |
2.14% |
2.68% |
Fixed Income |
PIMCO Variable Insurance Trust - International Bond Portfolio
(Unhedged): Advisor Class
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2024
Investment Advisor: PIMCO |
1.38%* |
6.11% |
-1.26% |
-0.46% |
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 |
PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor
Class
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2024
Investment Advisor: PIMCO |
0.79% |
4.87% |
0.88% |
0.82% |
Equity |
Putnam Variable Trust - Putnam VT International Equity Fund:
Class IB
Effective this underlying mutual fund is no longer available to receive
transfers or new purchase payments May 1, 2004
Investment Advisor: Putnam Investment Management, LLC |
1.10% |
18.51% |
9.05% |
3.70% |
Equity |
Putnam Variable Trust - Putnam VT Large Cap Growth Fund: Class
IB
This underlying mutual fund is only available in contracts for which good
order applications were received 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 underlying mutual fund is only available in contracts for
which good order applications were received before May 12,
2017 Investment Advisor: Putnam Investment Management,
LLC |
0.82% |
15.67% |
14.50% |
10.26% |
Equity |
VanEck VIP Trust - VanEck VIP Global Resources Fund: Class
S Investment Advisor: Van Eck Associates Corporation
|
1.36% |
-3.84% |
10.34% |
-1.26% |
Equity |
VanEck VIP Trust - VanEck VIP Global Resources Fund: Initial
Class This underlying mutual fund is no longer available to receive
transfers or new purchase payments effective May 1,
2012 Investment Advisor: Van Eck Associates Corporation
|
1.12% |
-3.58% |
10.61% |
-1.01% |
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 |
01-01-1991 |
Five-year Contract
Anniversary |
n/a |
$106,678 |
01-01-1996 |
Five-year Contract
Anniversary |
n/a |
$90,326 |
01-01-2001 |
Five-year Contract
Anniversary |
n/a |
$98,267 |
03-01-2001 |
Annuitant’s 86th birthday |
n/a |
$98,555 |
01-01-2009 |
Annuitant’s death and the
date Nationwide received
information to pay the death
benefit |
n/a |
$97,113 |
(1) |
the Contract Value; |
$97,113 |
(2) |
the total of all purchase payments, less an adjustment for amounts withdrawn; or |
$91,429 |
(3) |
the Contract Value as of the most recent five-year Contract Anniversary before the Annuitant's 86th birthday, less an adjustment for amounts
subsequently withdrawn, plus purchase payments received after that five-year Contract Anniversary. |
$98,267 |
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 |
Date |
Event/Transaction Type |
Transaction Amount |
Contract Value* |
01-01-1986 |
Initial Purchase Payment |
$100,000 |
$100,000 |
02-14-1988 |
Subsequent Purchase
Payment |
$25,000 |
$133,666 |
07-28-1996 |
Partial Withdrawal |
$10,000 |
$176,202 |
09-30-2004 |
Annuitant’s 86th birthday |
n/a |
$242,807 |
03-01-2005 |
Subsequent Purchase
Payment |
$11,000 |
$257,803 |
05-15-2007 |
Partial Withdrawal |
$7,000 |
$274,079 |
04-18-2009 |
Annuitant’s death and the
date Nationwide received
information to pay the death
benefit |
n/a |
$295,602 |
(1) |
the Contract Value; |
$295,602 |
(2) |
the total of all purchase payments, less an adjustment for amounts withdrawn; |
$126,067 |
(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; or |
$240,646 |
(4) |
the 5% interest anniversary value |
$252,134 |
Date |
Event/Transaction Type |
Transaction Amount |
Contract Value* |
01-01-1986 |
Initial Purchase Payment |
$100,000 |
$100,000 |
02-14-1988 |
Subsequent Purchase
Payment |
$25,000 |
$133,666 |
07-28-1996 |
Partial Withdrawal |
$10,000 |
$176,202 |
09-30-2004 |
Annuitant’s 86th birthday |
n/a |
$242,807 |
03-01-2005 |
Subsequent Purchase
Payment |
$11,000 |
$257,803 |
05-15-2007 |
Partial Withdrawal |
$7,000 |
$274,079 |
04-18-2009 |
Annuitant’s death and the
date Nationwide received
information to pay the death
benefit |
n/a |
$295,602 |
(1) |
the Contract Value as of the date that Nationwide receives all the
information necessary to pay the death benefit; |
$295,602 |
(2) |
the 5% interest anniversary value |
$252,134 |
Accumulation
Unit – An accounting unit of measure used to calculate the Contract Value allocated to the Variable
Account before the Annuitization Date. |
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. |
Annuity Unit
– An accounting unit of measure used to calculate the value of variable annuity payments. |
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 Feature. |
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, the
GTOs, and the collateral fixed account. |
Contract
Year – Each year the contract is in force beginning with the date the contract is issued. |
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. |
ERISA – The Employee Retirement Income Security Act
of 1974, as amended. |
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. |
Guaranteed
Term Options("GTOs") – Investment options that provide a guaranteed fixed interest rate paid over
specific term duration and contain a market value adjustment feature. Guaranteed Term
Options are referred to as Target Term Options in some
states. |
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. |
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-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. |
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. |
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. |
Target
Term Option – Investment options that are, in all material respects, the same as Guaranteed Term Options. All
references in this prospectus to Guaranteed Term Options will also mean Target Term Options (in applicable
jurisdictions). |
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-7, 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 7% of the amount of purchase payments withdrawn,
declining to 0% over 7 years.
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 $7,000.
| ||
Transaction Charges |
Nationwide also charges a loan processing fee at the time each new loan is processed (see Loan Privilege). | ||
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 |
0.95%1 |
0.95%1 | |
Investment options (underlying mutual fund fees
and expenses) |
0.47%2 |
1.43%2 | |
Optional benefits available for an additional
charge (for a single optional benefit, if elected) |
0.05%1 |
0.50%1 | |
1 As a percentage of Daily Net Assets. 2 As a percentage of underlying mutual fund
assets. | |||
Because each contract is customizable, the options elected affect how much each
Contract Owner will pay. To help you understand the cost of owning
the contract, the following table shows the lowest and highest cost a
Contract Owner 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:
$1,332.61 |
Highest Annual Cost Estimate:
$4,166.59 | ||
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 |
Contract Owners of variable annuities can lose money by investing in
the contract, including loss of principal (see Principal Risks). |
Not a Short-Term
Investment |
The contract is not a short-term investment and is not appropriate for an investor who
needs ready access to cash. Nationwide has designed the contract to offer features,
pricing, and investment options that encourage long-term ownership (see Principal Risks).
A CDSC may apply for up to 7 years following the last purchase payment and could
reduce the value of the contract if purchase payments are withdrawn
during that time (see Contingent Deferred Sales
Charge). The benefit of tax deferral also means that the contract is more beneficial to investors with a long time horizon (see
Principal Risks). |
RISKS | |
Risks Associated with
Investment Options |
• Investment in this contract is subject to the risk of poor investment performance of the
investment options chosen by the Contract Owner.
• Each investment option (including the Fixed Account and Guaranteed Term Options) has
its own unique risks.
• Review the prospectuses and disclosures for the investment options before making an
investment decision.
See Principal Risks. |
Insurance Company Risks |
Investment in the contract is subject to the risks associated with Nationwide, including that
any obligations (including interest payable for allocations to the Fixed Account and Guaranteed Term Options), 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 Nationwide at the address and/or toll-free phone number
indicated in Contacting the Service Center (see Principal Risks). |
RESTRICTIONS |
|
Investments |
• Nationwide reserves the right to add, remove, and substitute investment options
available under the contract (see The Sub-Accounts and Underlying Mutual Funds). • Allocations to the Fixed Account may not be transferred to another investment option except at the end of a Fixed Account interest rate guarantee period (see The Fixed
Account). • Allocations to the Guaranteed Term Options that are transferred to another investment
option prior to maturity are subject to a market value adjustment (see Guaranteed Term Options).
• Allocations to the Guaranteed Term Options may not be transferred to another available investment option during the Capital Preservation Plus program period (see Capital Preservation Plus Option).
• Not all investment options may be available under your contract (see
Appendix A: Underlying Mutual Funds Available Under the Contract).
• Transfers between Sub-Accounts are subject to policies designed to deter short-term and excessively frequent transfers. Nationwide may restrict the form in which transfer requests will be accepted (see Transfer Restrictions). |
Optional Benefits |
• Certain optional benefits limit or restrict the investment options available for investment.
• Nationwide reserves the right to discontinue offering any optional benefit. Such a
discontinuance will only apply to new contracts and will not impact
any contracts already in force.
See Benefits Under the Contract. |
TAXES | |
Tax Implications |
• Consult with a tax professional to determine the tax implications of an investment in and
payments received under this contract.
• If the contract is purchased through a tax-qualified plan or IRA, there is no additional tax
deferral.
• Earnings in the contract are taxed at ordinary income tax rates at the time of
withdrawals and there may be a tax penalty if withdrawals are taken before the
Contract Owner reaches age 59½. See Appendix B: Contract Types and Tax Information.
|
CONFLICTS OF INTEREST | |
Investment Professional
Compensation |
Some financial professionals receive compensation for selling the contract.
Compensation can take the form of commission and other indirect
compensation in that Nationwide may
share the revenue it earns on this contract 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 contract over another investment
(see Distribution, Promotional, and Sales Expenses). |
Exchanges |
Some financial professionals may have a financial incentive to offer an investor a new
contract in place of the one he/she already owns. An investor should only exchange
his/her contract if he/she determines, after comparing the features,
fees, and risks of both contracts, that it is preferable for him/her
to purchase the new contract, rather than to continue to own the
existing one (see Replacements and Distribution, Promotional, and Sales Expenses). |
Transaction Expenses | ||
Maximum Contingent Deferred Sales Charge ("CDSC") (as a percentage of
purchase payments surrendered) |
7% |
|
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% |
Loan Processing Fee |
$251
|
Annual Contract Expenses | |
Annual Loan Interest Charge (assessed as a reduction to the credited
interest rate) |
2.25%2
|
Base Contract Expenses3(assessed as an annualized percentage of Daily Net Assets) |
0.95% |
Optional Benefit Expenses4 (assessed as an annualized percentage of Daily Net Assets) |
|
Reduced Purchase Payment Option Charge |
0.25%5
|
Five Year CDSC Option Charge |
0.15%6
|
CDSC Waiver Options |
|
Additional Withdrawal Without Charge and Disability Waiver Charge |
0.10%7
|
10 Year and Disability Waiver Charge (available for Tax Sheltered
Annuities only) |
0.05% |
Hardship Waiver Charge (available for Tax Sheltered Annuities
only) |
0.15% |
Optional Death Benefits |
|
One-Year Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection
Option Charge8 (available beginning January 2, 2001 or a later date if
state law requires) |
0.15% |
One-Year Step Up Death Benefit Option
Charge9 (available until state approval is
received for the One-Year Enhanced Death Benefit with Long Term
Care/Nursing Home Waiver and Spousal Protection Option) |
0.05% |
Greater of One-Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal
Protection Option Charge10 (available beginning January 2, 2001 or a later date if
state law requires) |
0.20% |
5% Enhanced Death Benefit Option
Charge11 (available until state approval is
received for the Greater of One- Year or 5% Enhanced Death Benefit with Long
Term Care/Nursing Home Waiver and Spousal Protection Option) |
0.10% |
Guaranteed Minimum Income Benefit Options (no longer
available) |
|
Guaranteed Minimum Income Benefit Option 1 Charge |
0.45% |
Guaranteed Minimum Income Benefit Option 2 Charge |
0.30% |
Extra Value Option Charge |
0.45%12
|
In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account and the
Guaranteed Term Options for the first seven Contract Years will be assessed a fee of
0.45%. |
|
Beneficiary Protector Option
Charge13 |
0.40% |
In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account or to the
Guaranteed Term Options will be assessed a fee of 0.40%. |
|
Capital Preservation Plus Option Charge |
0.50%14
|
In addition to the charge assessed to Variable Account allocations, allocations made to the Guaranteed Term
Options or Target Term Options will be assessed a fee of 0.50%. |
|
Number of Completed Years from Date of Purchase Payment |
0 |
1 |
2 |
3 |
4 |
5 |
CDSC Percentage |
7% |
7% |
6% |
4% |
2% |
0% |
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.) |
0.47% |
1.43% |
|
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 | |||||||||
|
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 (1.43%) |
$12,334 |
$20,949 |
$29,492 |
$52,545 |
* |
$15,949 |
$26,492 |
$52,545 |
$5,334 |
$15,949 |
$26,492 |
$52,545 |
Minimum Annual Underlying
Mutual Fund
Expenses (0.47%) |
$11,326 |
$18,066 |
$24,924 |
$44,596 |
* |
$13,066 |
$21,924 |
$44,596 |
$4,326 |
$13,066 |
$21,924 |
$44,596 |
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% |
Example: |
On a contract where the only optional benefit elected is the Extra Value Option, the Variable
Account value will be calculated using unit values with Variable Account charges of
1.40% for the first seven Contract Years. At the end of that period, the
charge associated with the Extra Value Option will be removed. From that
point on, the Variable Account value will be calculated using the unit
values with Variable Account charges at 0.95%. Thus, the Extra Value
Option charge is no longer included in the daily Sub-Account valuation for the contract. |
Example: |
Sub-Account X with charges of 1.40% will have a lower unit value than Sub-Account X with
charges of 0.95% (higher expenses result in lower unit values). When, upon re-rating,
the unit values used in calculating Variable Account value are dropped
from the higher expense level to the lower expense level, the higher unit
values will cause an incidental increase in the Contract Value. In order
to avoid this incidental increase, Nationwide adjusts the number of units
in the contract down so that the Contract Value after the re-rating is the same as the Contract Value before the re-rating. |
Name of Benefit |
Purpose |
Maximum
Fee |
Brief Description of Restrictions/Limitations
|
Standard Death Benefit |
Death benefit upon
death of Annuitant prior
to Annuitization |
None |
• Nationwide may limit purchase payments to $1,000,000 |
Asset Rebalancing (see
Contract Owner
Services) |
Automatic reallocation
of assets on a
predetermined
percentage basis |
None |
• Assets in the Fixed Account and GTOs are
excluded from the program |
Name of Benefit |
Purpose |
Maximum
Fee |
Brief Description of Restrictions/Limitations
|
Dollar Cost Averaging
(see Contract Owner Services) |
Long-term transfer
program involving
automatic transfer of
assets |
None |
• Transfers are only permitted from the Fixed Account and a limited number of Sub-Accounts • Transfers may not be directed to the Fixed Account
or GTOs
• Transfers from the Fixed Account must be equal to or less than 1/30th of the Fixed Account value at the time the program is requested |
Enhanced Fixed
Account Dollar Cost
Averaging (see Contract Owner Services) |
Long-term transfer
program involving
automatic transfer of
Fixed Account
allocations with higher
interest crediting rate |
None |
• Transfers are only permitted from the Fixed Account • Only new purchase payments to the contract are
eligible for the program
• Transfers may not be directed to the Fixed Account or GTOs |
Systematic Withdrawals
(see Contract Owner Services) |
Automatic withdrawals
of Contract Value on a
periodic basis |
None |
• Withdrawals must be at least $100 each |
Name of Benefit |
Purpose |
Maximum
Fee |
Current Fee |
Brief Description of Restrictions/
Limitations |
Loans (see Loan Privilege) |
Loan from Contract
Value |
$25 Loan
Processing
Fee and
2.25%
compound
interest on
outstanding
loan balance |
$25 Loan
Processing
Fee and
2.25%
compound
interest on
outstanding
loan balance |
• Only available to owners of Tax Sheltered Annuities • Subject to terms of the Tax
Sheltered Annuity plan
• Minimum and maximum loan amounts apply • Loans must be repaid within a
specified period
• Loan payments must be made at least quarterly |
Reduced Purchase
Payment Option |
Reduction to minimum
initial purchase payment
and subsequent
purchase payment
requirements |
0.25% (Daily
Net Assets) |
0.25% (Daily
Net Assets) |
• Must be elected at application • Not available for Investment-Only
Contracts |
Five Year CDSC Option |
Reduction of standard
CDSC schedule |
0.15% (Daily
Net Assets) |
0.15% (Daily
Net Assets) |
• Must be elected at application • Election is irrevocable
• Not available if the Extra Value Option is elected |
Additional Withdrawal
Without Charge and
Disability Waiver |
CDSC waiver and
increased CDSC-free
withdrawal privilege |
0.10% (Daily
Net Assets) |
0.10% (Daily
Net Assets) |
• Must be elected at application • Election is irrevocable
• CDSC waiver is subject to conditions • If waiver becomes effective due to
disability, no additional purchase
payments are permitted |
10 Year and Disability
Waiver |
CDSC waiver |
0.05% (Daily
Net Assets) |
0.05% (Daily
Net Assets) |
• Only available to owners of a Tax
Sheltered Annuity
• Must be elected at application • Election is irrevocable
• CDSC waiver is subject to conditions • If waiver becomes effective due to
disability, no additional purchase
payments are permitted |
Name of Benefit |
Purpose |
Maximum
Fee |
Current Fee |
Brief Description of Restrictions/
Limitations |
Hardship Waiver |
CDSC waiver |
0.15% (Daily
Net Assets) |
0.15% (Daily
Net Assets) |
• Only available to owners of a Tax Sheltered Annuity • Must be elected at application
• Election is irrevocable • CDSC waiver is subject to conditions
• If waiver becomes effective, no additional purchase payments are permitted |
One-Year Enhanced
Death Benefit with
Long-Term Care/
Nursing Home Waiver
and Spousal Protection |
Enhanced death benefit |
0.15% (Daily
Net Assets) |
0.15% (Daily
Net Assets) |
• May not be elected if another death benefit option is elected • Must be elected at application
• Election is irrevocable • Nationwide may limit purchase
payments to $1,000,000
Spousal Protection Feature
• Not applicable to Charitable Remainder Trusts • One or both spouses (or a revocable
trust of which either or both of the
spouses is/are grantor(s)) must be
named as the Contract Owner
• For contracts issued as an IRA or Roth IRA, only the person for whom the IRA or Roth IRA was established may be named as the Contract Owner • Only available to Contract Owner’s
spouse
• Spouses must be Co-Annuitants • Both spouses must be 85 or younger
at contract issuance
• Spouses must be named as beneficiaries • No other person may be named as
Contract Owner, Annuitant, or
primary beneficiary
• If the Contract Owner requests to add a Co-Annuitant after contract issuance, the date of marriage must be after the contract issue date and Nationwide will require the Contract Owner to provide a copy of the marriage certificate • Benefit is forfeited if certain changes
to the parties or assignments are
made |
One-Year Step Up
Death Benefit Option |
Enhanced death benefit |
0.05% (Daily
Net Assets) |
0.05% (Daily
Net Assets) |
• Limited availability
• Must be elected at application • Election is irrevocable
• Nationwide may limit purchase payments to $1,000,000 |
Name of Benefit |
Purpose |
Maximum
Fee |
Current Fee |
Brief Description of Restrictions/
Limitations |
Greater of One-Year or
5% Enhanced Death
Benefit with Long-Term
Care/Nursing Home
Waiver and Spousal
Protection Option |
Enhanced death benefit |
0.20% (Daily
Net Assets) |
0.20% (Daily
Net Assets) |
• May not be elected if another death benefit option is elected • Must be elected at application
• Election is irrevocable • Nationwide may limit purchase
payments to $1,000,000
Spousal Protection Feature
• Not applicable to Charitable Remainder Trusts • One or both spouses (or a revocable
trust of which either or both of the
spouses is/are grantor(s)) must be
named as the Contract Owner
• For contracts issued as an IRA or Roth IRA, only the person for whom the IRA or Roth IRA was established may be named as the Contract Owner • Only available to Contract Owner’s
spouse
• Spouses must be Co-Annuitants • Both spouses must be 85 or younger
at contract issuance
• Spouses must be named as beneficiaries • No other person may be named as
Contract Owner, Annuitant, or
primary beneficiary
• If the Contract Owner requests to add a Co-Annuitant after contract issuance, the date of marriage must be after the contract issue date and Nationwide will require the Contract Owner to provide a copy of the marriage certificate • Benefit is forfeited if certain changes
to the parties or assignments are
made |
5% Enhanced Death
Benefit Option |
Enhanced death benefit |
0.10% (Daily
Net Assets) |
0.10% (Daily
Net Assets) |
• Limited availability • Must be elected at application
• Election is irrevocable • Nationwide may limit purchase
payments to $1,000,000 |
Guaranteed Minimum
Income Benefit Option 1 |
Minimum guaranteed
value for annuitization |
0.45% (Daily
Net Assets) |
0.45% (Daily
Net Assets) |
• No longer available for election • Must be elected at application
• Election is irrevocable • Annuitization options are limited |
Guaranteed Minimum
Income Benefit Option 2 |
Minimum guaranteed
value for annuitization |
0.30% (Daily
Net Assets) |
0.30% (Daily
Net Assets) |
• No longer available for election
• Must be elected at application • Election is irrevocable
• Annuitization options are limited |
Name of Benefit |
Purpose |
Maximum
Fee |
Current Fee |
Brief Description of Restrictions/
Limitations |
Extra Value Option |
Additional money is
deposited to the
contract (bonus credits) |
0.45% (Daily
Net Assets,
Fixed
Account
interest
credited, and
GTO
guaranteed
rate of
return) |
0.45% (Daily
Net Assets,
Fixed
Account
interest
credited, and
GTO
guaranteed
rate of
return) |
• Must be elected at application • Election is irrevocable
• Bonus credit only applies to deposits made during the first Contract Year • Bonus credits are subject to
recapture under certain
circumstances
• Fixed Account allocations may be restricted under certain circumstances |
Beneficiary Protector
Option |
Payment of an amount
that could be used to
pay taxes assessed on
death benefit proceeds |
0.40% (Daily
Net Assets,
Fixed
Account
interest
credited, and
GTO
guaranteed
rate of
return) |
0.40% (Daily
Net Assets,
Fixed
Account
interest
credited, and
GTO
guaranteed
rate of
return) |
• Election is irrevocable • Annuitant must be 70 or younger at
date of election |
Capital Preservation
Plus Option |
Principal protection |
0.50% (Daily
Net Assets
and GTO
guaranteed
rate of
return) |
0.50% (Daily
Net Assets
and GTO
guaranteed
rate of
return) |
• Limited availability
• Must be elected at application • Investment restrictions apply
• Not available if a loan is outstanding • No new loans are permitted
• Additional purchase payments are not permitted during the program period • Enhanced Fixed Account Dollar Cost
Averaging is not available
• Surrenders cannot be taken exclusively from the GTO • Transfers to and from the GTO are
not permitted during the program
period
• Restrictions on termination apply |
Example: |
For an example of how the Standard Death Benefit (Five-Year Reset Death Benefit) is
calculated, see Appendix C: Standard Death Benefit (Five-Year Reset Death Benefit)
Example. |
Example: |
Ms. H elected the Reduced Purchase Payment Option at the time of application. While the
option remains in effect, Nationwide will accept a minimum initial purchase payment of
$1,000 or more and will accept minimum subsequent purchase payments of
$25 or more. Those amounts are lower than what would be required had the
Reduced Purchase Payment Option not been elected. |
Number of Completed Years from Date of Purchase Payment |
0 |
1 |
2 |
3 |
4 |
5+ |
CDSC
Percentage |
7% |
7% |
6% |
4% |
2% |
0% |
Example: |
Mr. B elected the Five Year CDSC Option at the time of application. Mr. B elects to take a
partial withdrawal in the fourth year of his contract. Instead of applying the standard
CDSC schedule, Nationwide will apply the Five Year CDSC schedule, which
results in a CDSC percentage of 2% (3 completed Contract
Years). |
Example: |
Mr. J elected the Additional Withdrawal Without Charge and Disability Waiver at the time of
application and he now wants to take a withdrawal from his contract. If Mr. J’s
withdrawal is subject to a CDSC and he hasn’t yet used his
CDSC-free withdrawal privilege for that year, Mr. J would be entitled to
a 15% CDSC-free withdrawal, as opposed to the 10% CDSC-free withdrawal
that is applicable on standard contracts. |
Example: |
Ms. Q elected the 10 Year and Disability Waiver at the time of application and is in her 11th
year of owning the contract. During that time, she made regular monthly payroll
deposits into the contract. Nationwide will waive any applicable CDSC on
withdrawals from Ms. Q’s contract. |
Example: |
Ms. H elected the Hardship Waiver at the time of application and she would like to take a
hardship withdrawal from her contract. Nationwide will waive any applicable CDSC on the
hardship withdrawal, provided any request proof of hardship is provided
and accepted by Nationwide. |
Example: |
For an example of how the One-Year Enhanced Death Benefit with Long-Term Care/ Nursing Home Waiver and Spousal Protection Option is calculated, see
Appendix D: One- Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal
Protection Option Example. |
Example: |
For an example of how the One-Year Step-Up Death Benefit Option is calculated, see
Appendix E: One-Year Step Up Death Benefit Option Example. |
Example: |
For an example of how the Greater of One-Year or 5% Enhanced Death Benefit with Long-
Term Care/Nursing Home Waiver and Spousal Protection Option is calculated, see
Appendix F: Greater of One-Year or 5% Enhanced Death
Benefit with Long-Term Care/ Nursing Home Waiver and
Spousal Protection Option Example. |
Example: |
For an example of how the 5% Enhanced Death Benefit Option is calculated, see Appendix G: 5% Enhanced Death Benefit Option Example |
Example: |
On June 1, which is before her Annuitization Date, Ms. P passes away. Her death benefit
contains the Spousal Protection Feature. 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 Feature,
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. |
Example: |
Assume the Guaranteed Annuitization Value = $100,000 and the Contract Value = $80,000
at time of a $20,000 withdrawal. Therefore, the Contract Value would be reduced by 25%
($20,000/$80,000), and the Guaranteed Annuitization Value would also be
reduced by 25% or $25,000 (25% x $100,000). As a result, the new
Guaranteed Annuitization Value = $75,000 ($100,000-$25,000).
|
Example: |
Assume the highest Contract Value on any Contract Anniversary prior to the Annuitant’s
86th birthday = $100,000 and the Contract Value = $80,000 at time of a $20,000
withdrawal. Therefore, the Contract Value would be reduced by 25%
($20,000/$80,000), and the Guaranteed Annuitization Value would also be
reduced by 25% or $25,000 (25% x $100,000). As a result, the new
Guaranteed Annuitization Value = $75,000 ($100,000-$25,000).
|
Example: |
Mr. C elects the Extra Value Option and submits an initial purchase payment of $50,000. On
the date the initial purchase payment is applied (and in addition to that initial
purchase payment), Nationwide will apply another $1,500 (which is 3% of
$50,000) to Mr. C’s contract. |
a |
= |
the Contract Value on the date the death benefit is calculated (prior to any death benefit calculation); |
b |
= |
purchase payments, proportionately adjusted for withdrawals; and |
c |
= |
any adjustment for a death benefit previously credited, proportionately adjusted for withdrawals. |
a |
= |
Contract Value on the date the death benefit is calculated (prior to any death benefit calculation); |
b |
= |
the Contract Value on the date the option is elected, proportionately adjusted for withdrawals; |
c |
= |
purchase payments made after the option is elected, proportionately adjusted for withdrawals; |
d |
= |
any adjustment for a death benefit previously credited to the contract after the option is elected, proportionately
adjusted for withdrawals. |
Example: |
The Annuitant elected the Beneficiary Protector Option at the time of application. On the
date of the Annuitant’s death, the Contract Value = $75,000, the total purchase
payments (adjusted for withdrawals) = $68,000, and there is no adjustment
for a death benefit previously credited. The amount of the benefit would
be calculated as follows: 40% x ($75,000-$68,000-$0), which equals
$2,800. |
Example: |
Ms. D elected the Capital Preservation Plus Option and elected a 10-year program period.
Nationwide informed her of her investment options and she provided her allocation
instructions. At the beginning of the program period, her Contract Value
was $50,000. At the end of the program period, Ms. D’s Contract
Value was $56,000, so no adjustment was made to her contract. Had her
Contract Value been less than $50,000 at the end of the program period,
Nationwide would have adjusted the Contract Value to equal $50,000. |
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. |
|
Contract Values |
Maximum Outstanding Loan Balance Allowed |
Non-ERISA Plans |
up to $20,000 |
up to 80% of Contract Value (not more than $10,000) |
|
$20,000 and over |
up to 50% of Contract Value (not more than $50,000*) |
ERISA Plans |
All |
up to 50% of Contract Value (not more than $50,000*) |
Example: |
|
|
|
|
|
Ms. T takes a loan from her contract of $50,000. After default, the first time interest
is calculated as follows: | |||||
1A.The
total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | |||||
6.25% (total
interest rate) |
x |
$50,000
(outstanding principal) |
= |
$3,125 ($2,000
=collateral interest $1,125 = finance interest) |
|
1B.The
amount from 1A representing collateral interest is added to the outstanding principal; | |||||
$2,000
(collateral interest) |
+ |
$50,000
(outstanding principal) |
= |
$52,000
(outstanding
principal and collateral interest) |
|
1C.The
amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on a compound basis and will become the outstanding finance interest; and | |||||
$1,125
(outstanding
finance
interest) |
|
|
|
|
|
1D.The
outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding principal and interest. | |||||
$52,000
(outstanding
principal and collateral interest) |
+ |
$1,125
(outstanding
finance
interest) |
= |
$53,125 (total
outstanding principal and interest) |
|
Thereafter, when interest is calculated: |
|
|
|
|
|
2A.The
total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest from 1A above; | |||||
6.25% (total
interest rate) |
x |
$52,000 (1A
outstanding principal and
collateral interest) |
= |
$3,250 ($2,080 =
collateral interest $1,170 = finance interest) |
|
2B.The
amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; |
Example: |
|
|
|
|
|
$2,080
(collateral interest) |
+ |
$52,000 (1A
outstanding principal and
collateral interest) |
= |
$54,080
(outstanding
principal and collateral interest) |
|
2C.The
total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | |||||
6.25% (total
interest rate) |
x |
$1,125
(outstanding finance
interest) |
= |
$70.31 (finance
interest) |
|
$70.31 (finance
interest) |
+ |
$1,125
(outstanding
finance interest) |
= |
$1,195.31
(outstanding
finance interest) |
|
2D.The
amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | |||||
$1,170 (finance
interest) |
+ |
$1,195.31
(outstanding
finance interest) |
= |
$2,365.31
(outstanding
finance interest) |
|
2E.The
outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to determine the total outstanding principal and interest. | |||||
$54,080 (total
outstanding principal and collateral interest) |
+ |
$2,365.31
(outstanding
finance interest) |
= |
$56,445.31 (total
outstanding principal and interest) |
|
This method of interest calculation and accrual is applied to the total outstanding
principal and collateral interest, and finance interest balances until the
entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on which no payments were made will accrue as follows: | |||||
Outstanding Principal |
|
$50,000 |
| ||
Outstanding Collateral Interest |
|
$40,047 |
| ||
Outstanding Finance Interest |
|
$34,091 |
| ||
Total Outstanding Principal and Interest |
|
$124,138 |
|
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. |
Contract Owner's Age |
Percentage of Contract Value |
Under
age 59½ |
5
% |
59½ through age 61 |
7
% |
62
through age 64 |
8
% |
65
through age 74 |
10
% |
75
and over |
13
% |
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. |
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 |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Discovery Value Portfolio: Class B
Investment Advisor: AllianceBernstein L.P. |
1.06% |
16.86% |
10.51% |
7.29% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
International Value Portfolio: Class B
This underlying mutual fund is no longer available to receive transfers or
new purchase payments effective May 1, 2004
Investment Advisor: AllianceBernstein L.P. |
1.15% |
14.83% |
5.55% |
1.83% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Large Cap Growth Portfolio: Class B
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2004
Investment Advisor: AllianceBernstein L.P. |
0.91%* |
34.79% |
17.56% |
14.60% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Relative Value Portfolio: Class B
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2004
Investment Advisor: AllianceBernstein L.P. |
0.86%* |
11.72% |
11.57% |
9.05% |
Fixed Income |
Federated Hermes Insurance Series - Federated Hermes High Income
Bond Fund II: Service Shares
Investment Advisor: Federated Investment Management Company |
1.06%* |
12.47% |
4.49% |
3.87% |
Allocation |
Federated Hermes Insurance Series - Federated Hermes Managed
Volatility Fund II: Service Shares
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2004
Investment Advisor: Federated Global Investment Management Corp.
Sub-Advisor: Federated Global Investment Management Corp., Federated
Investment Management Company, Federated Equity Management
Company of Pennsylvania |
1.22%* |
8.33% |
5.88% |
3.93% |
Fixed Income |
Federated Hermes Insurance Series - Federated Hermes Quality
Bond Fund II: Service Shares
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2008
Investment Advisor: Federated Investment Management Company |
1.06%* |
5.85% |
2.10% |
2.00% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Dynamic Capital
Appreciation Portfolio: Service Class
2 This underlying mutual fund is only available in contracts for
which good order applications were received 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 |
0.87% |
28.72% |
16.93% |
11.38% |
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 Equity-Income
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 |
0.72% |
10.38% |
12.01% |
8.31% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Growth &
Income Portfolio: Service Class 2
This underlying mutual fund is only available in contracts for which good
order applications were received 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 |
0.74% |
18.37% |
14.50% |
9.99% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Growth 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 |
0.83% |
35.89% |
19.34% |
14.51% |
Fixed Income |
Fidelity Variable Insurance Products Fund - VIP High Income
Portfolio: Service Class 2
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2016
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 |
1.02% |
10.24% |
3.60% |
3.14% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Overseas
Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Investment Sub-Advisor: FMR UK, FMR HK, FMR Japan, FIA, and
FIA(UK) |
0.98% |
20.22% |
9.71% |
4.65% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Value Strategies
Portfolio: Service Class 2
This underlying mutual fund is only available in contracts for which good
order applications were received 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 |
0.85% |
20.61% |
16.63% |
9.10% |
Equity |
Invesco - Invesco V.I. Comstock Fund: Series II
Shares Investment Advisor: Invesco Advisers, Inc. |
1.00% |
12.09% |
13.20% |
8.65% |
Equity |
Invesco - Invesco V.I. Core Equity Fund: Series II
Shares This underlying mutual fund is only available in contracts for
which good order applications were received before May 1,
2024 Investment Advisor: Invesco Advisers, Inc. |
1.05% |
23.09% |
12.67% |
7.53% |
Equity |
Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series
II Investment Advisor: Invesco Advisers, Inc. |
1.12% |
12.85% |
12.47% |
9.51% |
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. EQV International Equity Fund: Series II
Shares This underlying mutual fund is no longer available to receive
transfers or new purchase payments effective May 1,
2004 Investment Advisor: Invesco Advisers, Inc. |
1.15% |
17.87% |
8.15% |
4.07% |
Equity |
Invesco - Invesco V.I. Global Fund: Series II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Invesco Advisers, Inc. |
1.07% |
34.45% |
12.02% |
8.20% |
Fixed Income |
Invesco - Invesco V.I. Global Strategic Income Fund: Series
II Investment Advisor: Invesco Advisers, Inc. |
1.17%* |
8.60% |
1.04% |
1.25% |
Allocation |
Janus Aspen Series - Janus Henderson Balanced Portfolio: Service
Shares
Investment Advisor: Janus Henderson Investors US LLC |
0.87% |
15.13% |
9.37% |
7.73% |
Equity |
MFS® Variable Insurance Trust - MFS Mid Cap Growth Series:
Service Class
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2006
Investment Advisor: Massachusetts Financial Services Company |
1.05%* |
20.97% |
13.05% |
10.85% |
Equity |
MFS® Variable Insurance Trust - MFS New Discovery Series:
Service Class
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2006
Investment Advisor: Massachusetts Financial Services Company |
1.12%* |
14.25% |
10.81% |
7.41% |
Equity |
MFS® Variable Insurance Trust - MFS Value Series: Service
Class Investment Advisor: Massachusetts Financial Services
Company |
0.94%* |
7.63% |
11.07% |
8.25% |
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: Service
Class This underlying mutual fund is only available in contracts for
which good order applications were received before March 27,
2015 Investment Advisor: Massachusetts Financial Services
Company |
0.98%* |
23.70% |
16.39% |
12.44% |
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 BNY Mellon Dynamic
U.S. Core Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Newton Investment Management Limited |
0.87%* |
23.56% |
15.23% |
11.57% |
Equity |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic
U.S. Equity Income: Class Z
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Newton Investment Management Limited |
1.00% |
8.78% |
13.08% |
8.90% |
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 Z
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Columbia Management Investment Advisers,
LLC |
1.13% |
15.36% |
7.06% |
2.52% |
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 Core Bond Fund: Class
II This underlying mutual fund is only available in contracts for
which good order applications were received before May 1,
2023 Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Nationwide Asset Management, LLC |
0.84% |
5.05% |
0.47% |
1.44% |
Equity |
Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund:
Class II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2024
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: NS Partners Ltd |
1.35%* |
3.86% |
-0.01% |
-0.13% |
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 I
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2022
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Nationwide Asset Management, LLC |
0.69%* |
4.70% |
0.21% |
0.82% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT Government Money
Market Fund: Class I
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 Invesco Small Cap
Growth Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Invesco Advisers, Inc. |
1.34% |
17.16% |
11.25% |
8.06% |
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
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 II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Jacobs Levy Equity Management, Inc. |
0.89%* |
23.20% |
13.40% |
10.26% |
Equity |
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap
Growth Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. |
0.95%* |
34.99% |
22.78% |
15.03% |
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 II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.61% |
15.82% |
11.93% |
8.63% |
Equity |
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small
Cap Value Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and WCM
Investment Management, LLC |
1.31%* |
17.15% |
10.77% |
6.57% |
Equity |
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small
Company Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and
Invesco Advisers, Inc. |
1.30%* |
13.69% |
13.02% |
8.20% |
Equity |
Nationwide Variable Insurance Trust - NVIT NS Partners
International Focused Growth Fund: Class
II Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: NS Partners Ltd |
1.23%* |
15.54% |
7.15% |
3.51% |
Equity |
Neuberger Berman Advisers Management Trust - Sustainable Equity
Portfolio: Class I Shares
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2008
Investment Advisor: Neuberger Berman Investment Advisers LLC |
0.90% |
26.90% |
13.97% |
9.99% |
Equity |
VanEck VIP Trust - VanEck VIP Global Resources Fund: Class
S Investment Advisor: Van Eck Associates Corporation
|
1.36% |
-3.84% |
10.34% |
-1.26% |
Equity |
VanEck VIP Trust - VanEck VIP Global Resources Fund: Initial
Class This underlying mutual fund is no longer available to receive
transfers or new purchase payments effective May 1,
2012 Investment Advisor: Van Eck Associates Corporation
|
1.12% |
-3.58% |
10.61% |
-1.01% |
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 |
01-01-1991 |
Five-year Contract
Anniversary |
n/a |
$106,678 |
01-01-1996 |
Five-year Contract
Anniversary |
n/a |
$90,326 |
01-01-2001 |
Five-year Contract
Anniversary |
n/a |
$98,267 |
03-01-2001 |
Annuitant’s 86th birthday |
n/a |
$98,555 |
01-01-2009 |
Annuitant’s death and the
date Nationwide received
information to pay the death
benefit |
n/a |
$97,113 |
(1) |
the Contract Value; |
$97,113 |
(2) |
the total of all purchase payments, less an adjustment for amounts withdrawn; or |
$91,429 |
(3) |
the Contract Value as of the most recent five-year Contract Anniversary before the Annuitant's 86th birthday, less an adjustment for amounts
subsequently withdrawn, plus purchase payments received after that five-year Contract Anniversary. |
$98,267 |
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 |
Date |
Event/Transaction Type |
Transaction Amount |
Contract Value* |
01-01-1986 |
Initial Purchase Payment |
$100,000 |
$100,000 |
02-14-1988 |
Subsequent Purchase
Payment |
$25,000 |
$133,666 |
07-28-1996 |
Partial Withdrawal |
$10,000 |
$176,202 |
09-30-2004 |
Annuitant’s 86th birthday |
n/a |
$242,807 |
03-01-2005 |
Subsequent Purchase
Payment |
$11,000 |
$257,803 |
05-15-2007 |
Partial Withdrawal |
$7,000 |
$274,079 |
04-18-2009 |
Annuitant’s death and the
date Nationwide received
information to pay the death
benefit |
n/a |
$295,602 |
(1) |
the Contract Value; |
$295,602 |
(2) |
the total of all purchase payments, less an adjustment for amounts withdrawn; |
$126,067 |
(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; or |
$240,646 |
(4) |
the 5% interest anniversary value |
$252,134 |
Date |
Event/Transaction Type |
Transaction Amount |
Contract Value* |
01-01-1986 |
Initial Purchase Payment |
$100,000 |
$100,000 |
02-14-1988 |
Subsequent Purchase
Payment |
$25,000 |
$133,666 |
07-28-1996 |
Partial Withdrawal |
$10,000 |
$176,202 |
09-30-2004 |
Annuitant’s 86th birthday |
n/a |
$242,807 |
03-01-2005 |
Subsequent Purchase
Payment |
$11,000 |
$257,803 |
05-15-2007 |
Partial Withdrawal |
$7,000 |
$274,079 |
04-18-2009 |
Annuitant’s death and the
date Nationwide received
information to pay the death
benefit |
n/a |
$295,602 |
(1) |
the Contract Value as of the date that Nationwide receives all the
information necessary to pay the death benefit; |
$295,602 |
(2) |
the 5% interest anniversary value |
$252,134 |
Accumulation
Unit – An accounting unit of measure used to calculate the Contract Value allocated to the Variable
Account before the Annuitization Date. |
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. |
Annuity Unit
– An accounting unit of measure used to calculate the value of variable annuity payments. |
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 Feature. |
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, the
GTOs, and the collateral fixed account. |
Contract
Year – Each year the contract is in force beginning with the date the contract is issued. |
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. |
ERISA – The Employee Retirement Income Security Act
of 1974, as amended. |
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. |
Guaranteed
Term Options("GTOs") – Investment options that provide a guaranteed fixed interest rate paid over
specific term duration and contain a market value adjustment feature. Guaranteed Term
Options are referred to as Target Term Options in some
states. |
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. |
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-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. |
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. |
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. |
Target
Term Option – Investment options that are, in all material respects, the same as Guaranteed Term Options. All
references in this prospectus to Guaranteed Term Options will also mean Target Term Options (in applicable
jurisdictions). |
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-7, 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 7% of the amount of purchase payments withdrawn,
declining to 0% over 7 years.
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 $7,000.
| ||
Transaction Charges |
Nationwide also charges a loan processing fee at the time each new loan is processed (see Loan Privilege). | ||
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 |
0.95%1 |
0.95%1 | |
Investment options (underlying mutual fund fees
and expenses) |
0.27%2 |
1.37%2 | |
Optional benefits available for an additional
charge (for a single optional benefit, if elected) |
0.05%1 |
0.50%1 | |
1 As a percentage of Daily Net Assets. 2 As a percentage of underlying mutual fund
assets. | |||
Because each contract is customizable, the options elected affect how much each
Contract Owner will pay. To help you understand the cost of owning
the contract, the following table shows the lowest and highest cost a
Contract Owner 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:
$1,155.16 |
Highest Annual Cost Estimate:
$4,126.49 | ||
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 |
Contract Owners of variable annuities can lose money by investing in
the contract, including loss of principal (see Principal Risks). |
Not a Short-Term
Investment |
The contract is not a short-term investment and is not appropriate for an investor who
needs ready access to cash. Nationwide has designed the contract to offer features,
pricing, and investment options that encourage long-term ownership (see Principal Risks).
A CDSC may apply for up to 7 years following the last purchase payment and could
reduce the value of the contract if purchase payments are withdrawn
during that time (see Contingent Deferred Sales
Charge). The benefit of tax deferral also means that the contract is more beneficial to investors with a long time horizon (see
Principal Risks). |
RISKS | |
Risks Associated with
Investment Options |
• Investment in this contract is subject to the risk of poor investment performance of the
investment options chosen by the Contract Owner.
• Each investment option (including the Fixed Account and Guaranteed Term Options) has
its own unique risks.
• Review the prospectuses and disclosures for the investment options before making an
investment decision.
See Principal Risks. |
Insurance Company Risks |
Investment in the contract is subject to the risks associated with Nationwide, including that
any obligations (including interest payable for allocations to the Fixed Account and Guaranteed Term Options), 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 Nationwide at the address and/or toll-free phone number
indicated in Contacting the Service Center (see Principal Risks). |
RESTRICTIONS |
|
Investments |
• Nationwide reserves the right to add, remove, and substitute investment options
available under the contract (see The Sub-Accounts and Underlying Mutual Funds). • Allocations to the Fixed Account may not be transferred to another investment option except at the end of a Fixed Account interest rate guarantee period (see The Fixed
Account). • Allocations to the Guaranteed Term Options that are transferred to another investment
option prior to maturity are subject to a market value adjustment (see Guaranteed Term Options).
• Allocations to the Guaranteed Term Options may not be transferred to another available investment option during the Capital Preservation Plus program period (see Capital Preservation Plus Option).
• Not all investment options may be available under your contract (see
Appendix A: Underlying Mutual Funds Available Under the Contract).
• Transfers between Sub-Accounts are subject to policies designed to deter short-term and excessively frequent transfers. Nationwide may restrict the form in which transfer requests will be accepted (see Transfer Restrictions). |
Optional Benefits |
• Certain optional benefits limit or restrict the investment options available for investment.
• Nationwide reserves the right to discontinue offering any optional benefit. Such a
discontinuance will only apply to new contracts and will not impact
any contracts already in force.
See Benefits Under the Contract. |
TAXES | |
Tax Implications |
• Consult with a tax professional to determine the tax implications of an investment in and
payments received under this contract.
• If the contract is purchased through a tax-qualified plan or IRA, there is no additional tax
deferral.
• Earnings in the contract are taxed at ordinary income tax rates at the time of
withdrawals and there may be a tax penalty if withdrawals are taken before the
Contract Owner reaches age 59½. See Appendix B: Contract Types and Tax Information.
|
CONFLICTS OF INTEREST | |
Investment Professional
Compensation |
Some financial professionals receive compensation for selling the contract.
Compensation can take the form of commission and other indirect
compensation in that Nationwide may
share the revenue it earns on this contract 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 contract over another investment
(see Distribution, Promotional, and Sales Expenses). |
Exchanges |
Some financial professionals may have a financial incentive to offer an investor a new
contract in place of the one he/she already owns. An investor should only exchange
his/her contract if he/she determines, after comparing the features,
fees, and risks of both contracts, that it is preferable for him/her
to purchase the new contract, rather than to continue to own the
existing one (see Replacements and Distribution, Promotional, and Sales Expenses). |
Transaction Expenses | ||
Maximum Contingent Deferred Sales Charge ("CDSC") (as a percentage of
purchase payments surrendered) |
7% |
|
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% |
Loan Processing Fee |
$251
|
Annual Contract Expenses | |
Annual Loan Interest Charge (assessed as a reduction to the credited
interest rate) |
2.25%2
|
Base Contract Expenses3(assessed as an annualized percentage of Daily Net Assets) |
0.95% |
Optional Benefit Expenses4 (assessed as an annualized percentage of Daily Net Assets) |
|
Reduced Purchase Payment Option Charge |
0.25%5
|
Five Year CDSC Option Charge |
0.15%6
|
CDSC Waiver Options |
|
Additional Withdrawal Without Charge and Disability Waiver Charge |
0.10%7
|
10 Year and Disability Waiver Charge (available for Tax Sheltered
Annuities only) |
0.05% |
Hardship Waiver Charge (available for Tax Sheltered Annuities
only) |
0.15% |
Optional Death Benefits |
|
One-Year Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection
Option Charge8 (available beginning January 2, 2001 or a later date if
state law requires) |
0.15% |
One-Year Step Up Death Benefit Option
Charge9 (available until state approval is
received for the One-Year Enhanced Death Benefit with Long Term
Care/Nursing Home Waiver and Spousal Protection Option) |
0.05% |
Greater of One-Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal
Protection Option Charge10 (available beginning January 2, 2001 or a later date if
state law requires) |
0.20% |
5% Enhanced Death Benefit Option
Charge11 (available until state approval is
received for the Greater of One- Year or 5% Enhanced Death Benefit with Long
Term Care/Nursing Home Waiver and Spousal Protection Option) |
0.10% |
Guaranteed Minimum Income Benefit Options (no longer
available) |
|
Guaranteed Minimum Income Benefit Option 1 Charge |
0.45% |
Guaranteed Minimum Income Benefit Option 2 Charge |
0.30% |
Extra Value Option Charge |
0.45%12
|
In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account and the
Guaranteed Term Options for the first seven Contract Years will be assessed a fee of
0.45%. |
|
Beneficiary Protector Option
Charge13 |
0.40% |
In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account or to the
Guaranteed Term Options will be assessed a fee of 0.40%. |
|
Capital Preservation Plus Option Charge |
0.50%14
|
In addition to the charge assessed to Variable Account allocations, allocations made to the Guaranteed Term
Options or Target Term Options will be assessed a fee of 0.50%. |
|
Number of Completed Years from Date of Purchase Payment |
0 |
1 |
2 |
3 |
4 |
5 |
CDSC Percentage |
7% |
7% |
6% |
4% |
2% |
0% |
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% |
1.37% |
|
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 | |||||||||
|
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 (1.37%) |
$12,271 |
$20,770 |
$29,213 |
$52,072 |
* |
$15,770 |
$26,213 |
$52,072 |
$5,271 |
$15,770 |
$26,213 |
$52,072 |
Minimum Annual Underlying
Mutual Fund
Expenses (0.27%) |
$11,116 |
$17,457 |
$23,947 |
$42,837 |
* |
$12,457 |
$20,947 |
$42,837 |
$4,116 |
$12,457 |
$20,947 |
$42,837 |
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% |
Example: |
On a contract where the only optional benefit elected is the Extra Value Option, the Variable
Account value will be calculated using unit values with Variable Account charges of
1.40% for the first seven Contract Years. At the end of that period, the
charge associated with the Extra Value Option will be removed. From that
point on, the Variable Account value will be calculated using the unit
values with Variable Account charges at 0.95%. Thus, the Extra Value
Option charge is no longer included in the daily Sub-Account valuation for the contract. |
Example: |
Sub-Account X with charges of 1.40% will have a lower unit value than Sub-Account X with
charges of 0.95% (higher expenses result in lower unit values). When, upon re-rating,
the unit values used in calculating Variable Account value are dropped
from the higher expense level to the lower expense level, the higher unit
values will cause an incidental increase in the Contract Value. In order
to avoid this incidental increase, Nationwide adjusts the number of units
in the contract down so that the Contract Value after the re-rating is the same as the Contract Value before the re-rating. |
Name of Benefit |
Purpose |
Maximum
Fee |
Brief Description of Restrictions/Limitations
|
Standard Death Benefit |
Death benefit upon
death of Annuitant prior
to Annuitization |
None |
• Nationwide may limit purchase payments to $1,000,000 |
Asset Rebalancing (see
Contract Owner
Services) |
Automatic reallocation
of assets on a
predetermined
percentage basis |
None |
• Assets in the Fixed Account and GTOs are
excluded from the program |
Name of Benefit |
Purpose |
Maximum
Fee |
Brief Description of Restrictions/Limitations
|
Dollar Cost Averaging
(see Contract Owner Services) |
Long-term transfer
program involving
automatic transfer of
assets |
None |
• Transfers are only permitted from the Fixed Account and a limited number of Sub-Accounts • Transfers may not be directed to the Fixed Account
or GTOs
• Transfers from the Fixed Account must be equal to or less than 1/30th of the Fixed Account value at the time the program is requested |
Enhanced Fixed
Account Dollar Cost
Averaging (see Contract Owner Services) |
Long-term transfer
program involving
automatic transfer of
Fixed Account
allocations with higher
interest crediting rate |
None |
• Transfers are only permitted from the Fixed Account • Only new purchase payments to the contract are
eligible for the program
• Transfers may not be directed to the Fixed Account or GTOs |
Systematic Withdrawals
(see Contract Owner Services) |
Automatic withdrawals
of Contract Value on a
periodic basis |
None |
• Withdrawals must be at least $100 each |
Name of Benefit |
Purpose |
Maximum
Fee |
Current Fee |
Brief Description of Restrictions/
Limitations |
Loans (see Loan Privilege) |
Loan from Contract
Value |
$25 Loan
Processing
Fee and
2.25%
compound
interest on
outstanding
loan balance |
$25 Loan
Processing
Fee and
2.25%
compound
interest on
outstanding
loan balance |
• Only available to owners of Tax Sheltered Annuities • Subject to terms of the Tax
Sheltered Annuity plan
• Minimum and maximum loan amounts apply • Loans must be repaid within a
specified period
• Loan payments must be made at least quarterly |
Reduced Purchase
Payment Option |
Reduction to minimum
initial purchase payment
and subsequent
purchase payment
requirements |
0.25% (Daily
Net Assets) |
0.25% (Daily
Net Assets) |
• Must be elected at application • Not available for Investment-Only
Contracts |
Five Year CDSC Option |
Reduction of standard
CDSC schedule |
0.15% (Daily
Net Assets) |
0.15% (Daily
Net Assets) |
• Must be elected at application • Election is irrevocable
• Not available if the Extra Value Option is elected |
Additional Withdrawal
Without Charge and
Disability Waiver |
CDSC waiver and
increased CDSC-free
withdrawal privilege |
0.10% (Daily
Net Assets) |
0.10% (Daily
Net Assets) |
• Must be elected at application • Election is irrevocable
• CDSC waiver is subject to conditions • If waiver becomes effective due to
disability, no additional purchase
payments are permitted |
10 Year and Disability
Waiver |
CDSC waiver |
0.05% (Daily
Net Assets) |
0.05% (Daily
Net Assets) |
• Only available to owners of a Tax
Sheltered Annuity
• Must be elected at application • Election is irrevocable
• CDSC waiver is subject to conditions • If waiver becomes effective due to
disability, no additional purchase
payments are permitted |
Name of Benefit |
Purpose |
Maximum
Fee |
Current Fee |
Brief Description of Restrictions/
Limitations |
Hardship Waiver |
CDSC waiver |
0.15% (Daily
Net Assets) |
0.15% (Daily
Net Assets) |
• Only available to owners of a Tax Sheltered Annuity • Must be elected at application
• Election is irrevocable • CDSC waiver is subject to conditions
• If waiver becomes effective, no additional purchase payments are permitted |
One-Year Enhanced
Death Benefit with
Long-Term Care/
Nursing Home Waiver
and Spousal Protection |
Enhanced death benefit |
0.15% (Daily
Net Assets) |
0.15% (Daily
Net Assets) |
• May not be elected if another death benefit option is elected • Must be elected at application
• Election is irrevocable • Nationwide may limit purchase
payments to $1,000,000
Spousal Protection Feature
• Not applicable to Charitable Remainder Trusts • One or both spouses (or a revocable
trust of which either or both of the
spouses is/are grantor(s)) must be
named as the Contract Owner
• For contracts issued as an IRA or Roth IRA, only the person for whom the IRA or Roth IRA was established may be named as the Contract Owner • Only available to Contract Owner’s
spouse
• Spouses must be Co-Annuitants • Both spouses must be 85 or younger
at contract issuance
• Spouses must be named as beneficiaries • No other person may be named as
Contract Owner, Annuitant, or
primary beneficiary
• If the Contract Owner requests to add a Co-Annuitant after contract issuance, the date of marriage must be after the contract issue date and Nationwide will require the Contract Owner to provide a copy of the marriage certificate • Benefit is forfeited if certain changes
to the parties or assignments are
made |
One-Year Step Up
Death Benefit Option |
Enhanced death benefit |
0.05% (Daily
Net Assets) |
0.05% (Daily
Net Assets) |
• Limited availability
• Must be elected at application • Election is irrevocable
• Nationwide may limit purchase payments to $1,000,000 |
Name of Benefit |
Purpose |
Maximum
Fee |
Current Fee |
Brief Description of Restrictions/
Limitations |
Greater of One-Year or
5% Enhanced Death
Benefit with Long-Term
Care/Nursing Home
Waiver and Spousal
Protection Option |
Enhanced death benefit |
0.20% (Daily
Net Assets) |
0.20% (Daily
Net Assets) |
• May not be elected if another death benefit option is elected • Must be elected at application
• Election is irrevocable • Nationwide may limit purchase
payments to $1,000,000
Spousal Protection Feature
• Not applicable to Charitable Remainder Trusts • One or both spouses (or a revocable
trust of which either or both of the
spouses is/are grantor(s)) must be
named as the Contract Owner
• For contracts issued as an IRA or Roth IRA, only the person for whom the IRA or Roth IRA was established may be named as the Contract Owner • Only available to Contract Owner’s
spouse
• Spouses must be Co-Annuitants • Both spouses must be 85 or younger
at contract issuance
• Spouses must be named as beneficiaries • No other person may be named as
Contract Owner, Annuitant, or
primary beneficiary
• If the Contract Owner requests to add a Co-Annuitant after contract issuance, the date of marriage must be after the contract issue date and Nationwide will require the Contract Owner to provide a copy of the marriage certificate • Benefit is forfeited if certain changes
to the parties or assignments are
made |
5% Enhanced Death
Benefit Option |
Enhanced death benefit |
0.10% (Daily
Net Assets) |
0.10% (Daily
Net Assets) |
• Limited availability • Must be elected at application
• Election is irrevocable • Nationwide may limit purchase
payments to $1,000,000 |
Guaranteed Minimum
Income Benefit Option 1 |
Minimum guaranteed
value for annuitization |
0.45% (Daily
Net Assets) |
0.45% (Daily
Net Assets) |
• No longer available for election • Must be elected at application
• Election is irrevocable • Annuitization options are limited |
Guaranteed Minimum
Income Benefit Option 2 |
Minimum guaranteed
value for annuitization |
0.30% (Daily
Net Assets) |
0.30% (Daily
Net Assets) |
• No longer available for election
• Must be elected at application • Election is irrevocable
• Annuitization options are limited |
Name of Benefit |
Purpose |
Maximum
Fee |
Current Fee |
Brief Description of Restrictions/
Limitations |
Extra Value Option |
Additional money is
deposited to the
contract (bonus credits) |
0.45% (Daily
Net Assets,
Fixed
Account
interest
credited, and
GTO
guaranteed
rate of
return) |
0.45% (Daily
Net Assets,
Fixed
Account
interest
credited, and
GTO
guaranteed
rate of
return) |
• Must be elected at application • Election is irrevocable
• Bonus credit only applies to deposits made during the first Contract Year • Bonus credits are subject to
recapture under certain
circumstances
• Fixed Account allocations may be restricted under certain circumstances |
Beneficiary Protector
Option |
Payment of an amount
that could be used to
pay taxes assessed on
death benefit proceeds |
0.40% (Daily
Net Assets,
Fixed
Account
interest
credited, and
GTO
guaranteed
rate of
return) |
0.40% (Daily
Net Assets,
Fixed
Account
interest
credited, and
GTO
guaranteed
rate of
return) |
• Election is irrevocable • Annuitant must be 70 or younger at
date of election |
Capital Preservation
Plus Option |
Principal protection |
0.50% (Daily
Net Assets
and GTO
guaranteed
rate of
return) |
0.50% (Daily
Net Assets
and GTO
guaranteed
rate of
return) |
• Limited availability
• Must be elected at application • Investment restrictions apply
• Not available if a loan is outstanding • No new loans are permitted
• Additional purchase payments are not permitted during the program period • Enhanced Fixed Account Dollar Cost
Averaging is not available
• Surrenders cannot be taken exclusively from the GTO • Transfers to and from the GTO are
not permitted during the program
period
• Restrictions on termination apply |
Example: |
For an example of how the Standard Death Benefit (Five-Year Reset Death Benefit) is
calculated, see Appendix C: Standard Death Benefit (Five-Year Reset Death Benefit)
Example. |
Example: |
Ms. H elected the Reduced Purchase Payment Option at the time of application. While the
option remains in effect, Nationwide will accept a minimum initial purchase payment of
$1,000 or more and will accept minimum subsequent purchase payments of
$25 or more. Those amounts are lower than what would be required had the
Reduced Purchase Payment Option not been elected. |
Number of Completed Years from Date of Purchase Payment |
0 |
1 |
2 |
3 |
4 |
5+ |
CDSC
Percentage |
7% |
7% |
6% |
4% |
2% |
0% |
Example: |
Mr. B elected the Five Year CDSC Option at the time of application. Mr. B elects to take a
partial withdrawal in the fourth year of his contract. Instead of applying the standard
CDSC schedule, Nationwide will apply the Five Year CDSC schedule, which
results in a CDSC percentage of 2% (3 completed Contract
Years). |
Example: |
Mr. J elected the Additional Withdrawal Without Charge and Disability Waiver at the time of
application and he now wants to take a withdrawal from his contract. If Mr. J’s
withdrawal is subject to a CDSC and he hasn’t yet used his
CDSC-free withdrawal privilege for that year, Mr. J would be entitled to
a 15% CDSC-free withdrawal, as opposed to the 10% CDSC-free withdrawal
that is applicable on standard contracts. |
Example: |
Ms. Q elected the 10 Year and Disability Waiver at the time of application and is in her 11th
year of owning the contract. During that time, she made regular monthly payroll
deposits into the contract. Nationwide will waive any applicable CDSC on
withdrawals from Ms. Q’s contract. |
Example: |
Ms. H elected the Hardship Waiver at the time of application and she would like to take a
hardship withdrawal from her contract. Nationwide will waive any applicable CDSC on the
hardship withdrawal, provided any request proof of hardship is provided
and accepted by Nationwide. |
Example: |
For an example of how the One-Year Enhanced Death Benefit with Long-Term Care/ Nursing Home Waiver and Spousal Protection Option is calculated, see
Appendix D: One- Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal
Protection Option Example. |
Example: |
For an example of how the One-Year Step-Up Death Benefit Option is calculated, see
Appendix E: One-Year Step Up Death Benefit Option Example. |
Example: |
For an example of how the Greater of One-Year or 5% Enhanced Death Benefit with Long-
Term Care/Nursing Home Waiver and Spousal Protection Option is calculated, see
Appendix F: Greater of One-Year or 5% Enhanced Death
Benefit with Long-Term Care/ Nursing Home Waiver and
Spousal Protection Option Example. |
Example: |
For an example of how the 5% Enhanced Death Benefit Option is calculated, see Appendix G: 5% Enhanced Death Benefit Option Example |
Example: |
On June 1, which is before her Annuitization Date, Ms. P passes away. Her death benefit
contains the Spousal Protection Feature. 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 Feature,
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. |
Example: |
Assume the Guaranteed Annuitization Value = $100,000 and the Contract Value = $80,000
at time of a $20,000 withdrawal. Therefore, the Contract Value would be reduced by 25%
($20,000/$80,000), and the Guaranteed Annuitization Value would also be
reduced by 25% or $25,000 (25% x $100,000). As a result, the new
Guaranteed Annuitization Value = $75,000 ($100,000-$25,000).
|
Example: |
Assume the highest Contract Value on any Contract Anniversary prior to the Annuitant’s
86th birthday = $100,000 and the Contract Value = $80,000 at time of a $20,000
withdrawal. Therefore, the Contract Value would be reduced by 25%
($20,000/$80,000), and the Guaranteed Annuitization Value would also be
reduced by 25% or $25,000 (25% x $100,000). As a result, the new
Guaranteed Annuitization Value = $75,000 ($100,000-$25,000).
|
Example: |
Mr. C elects the Extra Value Option and submits an initial purchase payment of $50,000. On
the date the initial purchase payment is applied (and in addition to that initial
purchase payment), Nationwide will apply another $1,500 (which is 3% of
$50,000) to Mr. C’s contract. |
a |
= |
the Contract Value on the date the death benefit is calculated (prior to any death benefit calculation); |
b |
= |
purchase payments, proportionately adjusted for withdrawals; and |
c |
= |
any adjustment for a death benefit previously credited, proportionately adjusted for withdrawals. |
a |
= |
Contract Value on the date the death benefit is calculated (prior to any death benefit calculation); |
b |
= |
the Contract Value on the date the option is elected, proportionately adjusted for withdrawals; |
c |
= |
purchase payments made after the option is elected, proportionately adjusted for withdrawals; |
d |
= |
any adjustment for a death benefit previously credited to the contract after the option is elected, proportionately
adjusted for withdrawals. |
Example: |
The Annuitant elected the Beneficiary Protector Option at the time of application. On the
date of the Annuitant’s death, the Contract Value = $75,000, the total purchase
payments (adjusted for withdrawals) = $68,000, and there is no adjustment
for a death benefit previously credited. The amount of the benefit would
be calculated as follows: 40% x ($75,000-$68,000-$0), which equals
$2,800. |
Example: |
Ms. D elected the Capital Preservation Plus Option and elected a 10-year program period.
Nationwide informed her of her investment options and she provided her allocation
instructions. At the beginning of the program period, her Contract Value
was $50,000. At the end of the program period, Ms. D’s Contract
Value was $56,000, so no adjustment was made to her contract. Had her
Contract Value been less than $50,000 at the end of the program period,
Nationwide would have adjusted the Contract Value to equal $50,000. |
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. |
|
Contract Values |
Maximum Outstanding Loan Balance Allowed |
Non-ERISA Plans |
up to $20,000 |
up to 80% of Contract Value (not more than $10,000) |
|
$20,000 and over |
up to 50% of Contract Value (not more than $50,000*) |
ERISA Plans |
All |
up to 50% of Contract Value (not more than $50,000*) |
Example: |
|
|
|
|
|
Ms. T takes a loan from her contract of $50,000. After default, the first time interest
is calculated as follows: | |||||
1A.The
total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | |||||
6.25% (total
interest rate) |
x |
$50,000
(outstanding principal) |
= |
$3,125 ($2,000
=collateral interest $1,125 = finance interest) |
|
1B.The
amount from 1A representing collateral interest is added to the outstanding principal; | |||||
$2,000
(collateral interest) |
+ |
$50,000
(outstanding principal) |
= |
$52,000
(outstanding
principal and collateral interest) |
|
1C.The
amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on a compound basis and will become the outstanding finance interest; and | |||||
$1,125
(outstanding
finance
interest) |
|
|
|
|
|
1D.The
outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding principal and interest. | |||||
$52,000
(outstanding
principal and collateral interest) |
+ |
$1,125
(outstanding
finance
interest) |
= |
$53,125 (total
outstanding principal and interest) |
|
Thereafter, when interest is calculated: |
|
|
|
|
|
2A.The
total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest from 1A above; | |||||
6.25% (total
interest rate) |
x |
$52,000 (1A
outstanding principal and
collateral interest) |
= |
$3,250 ($2,080 =
collateral interest $1,170 = finance interest) |
|
2B.The
amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; |
Example: |
|
|
|
|
|
$2,080
(collateral interest) |
+ |
$52,000 (1A
outstanding principal and
collateral interest) |
= |
$54,080
(outstanding
principal and collateral interest) |
|
2C.The
total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | |||||
6.25% (total
interest rate) |
x |
$1,125
(outstanding finance
interest) |
= |
$70.31 (finance
interest) |
|
$70.31 (finance
interest) |
+ |
$1,125
(outstanding
finance interest) |
= |
$1,195.31
(outstanding
finance interest) |
|
2D.The
amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | |||||
$1,170 (finance
interest) |
+ |
$1,195.31
(outstanding
finance interest) |
= |
$2,365.31
(outstanding
finance interest) |
|
2E.The
outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to determine the total outstanding principal and interest. | |||||
$54,080 (total
outstanding principal and collateral interest) |
+ |
$2,365.31
(outstanding
finance interest) |
= |
$56,445.31 (total
outstanding principal and interest) |
|
This method of interest calculation and accrual is applied to the total outstanding
principal and collateral interest, and finance interest balances until the
entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on which no payments were made will accrue as follows: | |||||
Outstanding Principal |
|
$50,000 |
| ||
Outstanding Collateral Interest |
|
$40,047 |
| ||
Outstanding Finance Interest |
|
$34,091 |
| ||
Total Outstanding Principal and Interest |
|
$124,138 |
|
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. |
Contract Owner's Age |
Percentage of Contract Value |
Under
age 59½ |
5
% |
59½ through age 61 |
7
% |
62
through age 64 |
8
% |
65
through age 74 |
10
% |
75
and over |
13
% |
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. |
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 |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Discovery Value Portfolio: Class B
Investment Advisor: AllianceBernstein L.P. |
1.06% |
16.86% |
10.51% |
7.29% |
Equity |
Allspring Variable Trust - VT Small Cap Growth Fund: Class
2 This underlying mutual fund is only available in contracts for
which good order applications were received 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 III
Investment Advisor: BlackRock Advisors, LLC
Investment Sub-Advisor: BlackRock International Limited and BlackRock
(Singapore) Limited |
1.02%* |
12.49% |
7.38% |
4.63% |
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 Sustainable U.S. Equity Portfolio, Inc.: Initial
Shares This underlying mutual fund is only available in contracts for
which good order applications were received before May 1,
2008 Investment Advisor: BNY Mellon Investment Adviser,
Inc. Sub-Advisor: Newton Investment Management Limited
|
0.67% |
23.82% |
15.13% |
10.46% |
Fixed Income |
Federated Hermes Insurance Series - Federated Hermes Quality
Bond Fund II: Primary Shares
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2008
Investment Advisor: Federated Investment Management Company |
0.74%* |
6.14% |
2.36% |
2.25% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Equity-Income
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 |
0.57% |
10.53% |
12.18% |
8.47% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Overseas
Portfolio: Service Class
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Investment Sub-Advisor: FMR UK, FMR HK, FMR Japan, FIA, and
FIA(UK) |
0.83% |
20.41% |
9.87% |
4.80% |
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 Value Strategies
Portfolio: Service Class
This underlying mutual fund is only available in contracts for which good
order applications were received 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 underlying mutual fund is only available in contracts for which good
order applications were received 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 - Templeton
Foreign VIP Fund: Class 1
Effective this underlying mutual fund is no longer available to receive
transfers or new purchase payments May 1, 2004
Investment Advisor: Templeton Investment Counsel, LLC |
0.82%* |
21.09% |
5.54% |
1.54% |
Equity |
Invesco - Invesco V.I. Core Equity Fund: Series I
Shares This underlying mutual fund is only available in contracts for
which good order applications were received before May 1,
2024 Investment Advisor: Invesco Advisers, Inc. |
0.80% |
23.36% |
12.95% |
7.79% |
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 underlying mutual fund is only available in contracts for which good
order applications were received 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% |
Equity |
Invesco - Invesco V.I. Main Street Mid Cap Fund: Series I
Shares This underlying mutual fund is only available in contracts for
which good order applications were received before May 1,
2024 Investment Advisor: Invesco Advisers, Inc. |
0.94% |
14.47% |
10.61% |
6.73% |
Equity |
Invesco - Invesco V.I. Main Street Small Cap Fund: Series
I This underlying mutual fund is only available in contracts for
which good order applications were received 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) This underlying mutual fund is only available in contracts
for which good order applications were received before May 1,
2017 Investment Advisor: Delaware Management Company, a series of
Macquarie Investment Management Business Trust (a Delaware statutory
trust)
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% |
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% |
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 II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Allspring Global Investments, LLC |
1.08%* |
20.44% |
9.35% |
7.35% |
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% |
Equity |
Nationwide Variable Insurance Trust - NVIT AQR Large Cap
Defensive Style Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: AQR Capital Management, LLC |
1.03% |
8.03% |
11.24% |
9.84% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Aggressive Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
1.09%* |
19.54% |
11.17% |
7.29% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced
Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
0.95%* |
13.32% |
6.70% |
4.75% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital
Appreciation Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
1.00%* |
16.28% |
8.91% |
6.10% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Conservative Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
0.86%* |
8.83% |
3.53% |
2.83% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate
Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.97%* |
14.92% |
7.93% |
5.53% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Moderately Aggressive Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
1.04%* |
17.90% |
10.14% |
6.74% |
Allocation |
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Moderately Conservative Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
0.91%* |
11.70% |
5.70% |
4.19% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Core Plus
Bond Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Insight North America LLC |
0.88%* |
7.17% |
1.82% |
1.90% |
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 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 II
This underlying mutual fund is no longer available to receive transfers or
new purchase payments effective September 11, 2020
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Newton Investment Management Limited |
1.05%* |
8.65% |
13.10% |
8.95% |
Equity |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic
U.S. Equity Income: Class Z
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Newton Investment Management Limited |
1.00% |
8.78% |
13.08% |
8.90% |
Equity |
Nationwide Variable Insurance Trust - NVIT Calvert Equity Fund:
Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Atlanta Capital Management Company, LLC
|
0.78%* |
20.59% |
10.98% |
8.61% |
Equity |
Nationwide Variable Insurance Trust - NVIT Columbia Overseas
Value Fund: Class I
This underlying mutual fund is no longer available to receive transfers or
new purchase 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 underlying mutual fund is only available in contracts for
which good order applications were received before May 1,
2023 Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Nationwide Asset Management, LLC |
0.59% |
5.19% |
0.70% |
1.69% |
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 I
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2022
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Nationwide Asset Management, LLC |
0.69%* |
4.70% |
0.21% |
0.82% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT Government Money
Market Fund: Class I
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 II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2020
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% |
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 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
Moderately Aggressive Fund: Class II
Investment Advisor: Nationwide Fund Advisors |
0.88% |
17.93% |
8.43% |
6.19% |
Equity |
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap
Core Fund: Class II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Jacobs Levy Equity Management, Inc. |
0.89%* |
23.20% |
13.40% |
10.26% |
Equity |
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap
Growth Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. |
0.95%* |
34.99% |
22.78% |
15.03% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT Loomis Short Term Bond
Fund: Class II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Loomis, Sayles & Company, L.P. |
0.80% |
5.69% |
1.19% |
1.10% |
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 I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and WCM
Investment Management, LLC |
1.06%* |
17.45% |
11.06% |
6.84% |
Equity |
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small
Company Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and
Invesco Advisers, Inc. |
1.05%* |
13.99% |
13.31% |
8.47% |
Equity |
Nationwide Variable Insurance Trust - NVIT NS Partners
International Focused Growth Fund: Class
II Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: NS Partners Ltd |
1.23%* |
15.54% |
7.15% |
3.51% |
Equity |
Nationwide Variable Insurance Trust - NVIT Real Estate Fund:
Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Wellington Management Company LLP |
1.17%* |
12.64% |
7.64% |
6.71% |
Equity |
Nationwide Variable Insurance Trust - NVIT S&P 500®
Index Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.25%* |
25.96% |
15.41% |
11.76% |
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% |
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 |
PIMCO Variable Insurance Trust - International Bond Portfolio
(Unhedged): Advisor Class
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2024
Investment Advisor: PIMCO |
1.38%* |
6.11% |
-1.26% |
-0.46% |
Fixed Income |
PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor
Class
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2024
Investment Advisor: PIMCO |
0.79% |
4.87% |
0.88% |
0.82% |
Equity |
Putnam Variable Trust - Putnam VT International Equity Fund:
Class IB
Effective this underlying mutual fund is no longer available to receive
transfers or new purchase payments May 1, 2004
Investment Advisor: Putnam Investment Management, LLC |
1.10% |
18.51% |
9.05% |
3.70% |
Equity |
Putnam Variable Trust - Putnam VT Large Cap Growth Fund: Class
IB
This underlying mutual fund is only available in contracts for which good
order applications were received before November 19,
2016 Investment Advisor: Putnam Investment Management,
LLC |
0.90% |
44.47% |
18.49% |
14.40% |
Equity |
Putnam Variable Trust - Putnam VT Small Cap Value Fund: Class
IB Investment Advisor: Putnam Investment Management, LLC
|
1.03% |
23.75% |
14.17% |
7.81% |
Equity |
VanEck VIP Trust - VanEck VIP Global Resources Fund: Class
S Investment Advisor: Van Eck Associates Corporation
|
1.36% |
-3.84% |
10.34% |
-1.26% |
Equity |
VanEck VIP Trust - VanEck VIP Global Resources Fund: Initial
Class This underlying mutual fund is no longer available to receive
transfers or new purchase payments effective May 1,
2012 Investment Advisor: Van Eck Associates Corporation
|
1.12% |
-3.58% |
10.61% |
-1.01% |
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 |
01-01-1991 |
Five-year Contract
Anniversary |
n/a |
$106,678 |
01-01-1996 |
Five-year Contract
Anniversary |
n/a |
$90,326 |
01-01-2001 |
Five-year Contract
Anniversary |
n/a |
$98,267 |
03-01-2001 |
Annuitant’s 86th birthday |
n/a |
$98,555 |
01-01-2009 |
Annuitant’s death and the
date Nationwide received
information to pay the death
benefit |
n/a |
$97,113 |
(1) |
the Contract Value; |
$97,113 |
(2) |
the total of all purchase payments, less an adjustment for amounts withdrawn; or |
$91,429 |
(3) |
the Contract Value as of the most recent five-year Contract Anniversary before the Annuitant's 86th birthday, less an adjustment for amounts
subsequently withdrawn, plus purchase payments received after that five-year Contract Anniversary. |
$98,267 |
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 |
Date |
Event/Transaction Type |
Transaction Amount |
Contract Value* |
01-01-1986 |
Initial Purchase Payment |
$100,000 |
$100,000 |
02-14-1988 |
Subsequent Purchase
Payment |
$25,000 |
$133,666 |
07-28-1996 |
Partial Withdrawal |
$10,000 |
$176,202 |
09-30-2004 |
Annuitant’s 86th birthday |
n/a |
$242,807 |
03-01-2005 |
Subsequent Purchase
Payment |
$11,000 |
$257,803 |
05-15-2007 |
Partial Withdrawal |
$7,000 |
$274,079 |
04-18-2009 |
Annuitant’s death and the
date Nationwide received
information to pay the death
benefit |
n/a |
$295,602 |
(1) |
the Contract Value; |
$295,602 |
(2) |
the total of all purchase payments, less an adjustment for amounts withdrawn; |
$126,067 |
(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; or |
$240,646 |
(4) |
the 5% interest anniversary value |
$252,134 |
Date |
Event/Transaction Type |
Transaction Amount |
Contract Value* |
01-01-1986 |
Initial Purchase Payment |
$100,000 |
$100,000 |
02-14-1988 |
Subsequent Purchase
Payment |
$25,000 |
$133,666 |
07-28-1996 |
Partial Withdrawal |
$10,000 |
$176,202 |
09-30-2004 |
Annuitant’s 86th birthday |
n/a |
$242,807 |
03-01-2005 |
Subsequent Purchase
Payment |
$11,000 |
$257,803 |
05-15-2007 |
Partial Withdrawal |
$7,000 |
$274,079 |
04-18-2009 |
Annuitant’s death and the
date Nationwide received
information to pay the death
benefit |
n/a |
$295,602 |
(1) |
the Contract Value as of the date that Nationwide receives all the
information necessary to pay the death benefit; |
$295,602 |
(2) |
the 5% interest anniversary value |
$252,134 |
Accumulation
Unit – An accounting unit of measure used to calculate the Contract Value allocated to the Variable
Account before the Annuitization Date. |
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. |
Annuity Unit
– An accounting unit of measure used to calculate the value of variable annuity payments. |
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 Feature. |
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, the
GTOs, and the collateral fixed account. |
Contract
Year – Each year the contract is in force beginning with the date the contract is issued. |
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. |
ERISA – The Employee Retirement Income Security Act
of 1974, as amended. |
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. |
Guaranteed
Term Options("GTOs") – Investment options that provide a guaranteed fixed interest rate paid over
specific term duration and contain a market value adjustment feature. Guaranteed Term
Options are referred to as Target Term Options in some
states. |
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. |
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-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. |
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. |
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. |
Target
Term Option – Investment options that are, in all material respects, the same as Guaranteed Term Options. All
references in this prospectus to Guaranteed Term Options will also mean Target Term Options (in applicable
jurisdictions). |
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-7, 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 7% of the amount of purchase payments withdrawn,
declining to 0% over 7 years.
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 $7,000.
| ||
Transaction Charges |
Nationwide also charges a loan processing fee at the time each new loan is processed (see Loan Privilege). | ||
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 |
0.95%1 |
0.95%1 | |
Investment options (underlying mutual fund fees
and expenses) |
0.47%2 |
1.43%2 | |
Optional benefits available for an additional
charge (for a single optional benefit, if elected) |
0.05%1 |
0.50%1 | |
1 As a percentage of Daily Net Assets. 2 As a percentage of underlying mutual fund
assets. | |||
Because each contract is customizable, the options elected affect how much each
Contract Owner will pay. To help you understand the cost of owning
the contract, the following table shows the lowest and highest cost a
Contract Owner 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:
$1,332.61 |
Highest Annual Cost Estimate:
$4,166.59 | ||
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 |
Contract Owners of variable annuities can lose money by investing in
the contract, including loss of principal (see Principal Risks). |
Not a Short-Term
Investment |
The contract is not a short-term investment and is not appropriate for an investor who
needs ready access to cash. Nationwide has designed the contract to offer features,
pricing, and investment options that encourage long-term ownership (see Principal Risks).
A CDSC may apply for up to 7 years following the last purchase payment and could
reduce the value of the contract if purchase payments are withdrawn
during that time (see Contingent Deferred Sales
Charge). The benefit of tax deferral also means that the contract is more beneficial to investors with a long time horizon (see
Principal Risks). |
RISKS | |
Risks Associated with
Investment Options |
• Investment in this contract is subject to the risk of poor investment performance of the
investment options chosen by the Contract Owner.
• Each investment option (including the Fixed Account and Guaranteed Term Options) has
its own unique risks.
• Review the prospectuses and disclosures for the investment options before making an
investment decision.
See Principal Risks. |
Insurance Company Risks |
Investment in the contract is subject to the risks associated with Nationwide, including that
any obligations (including interest payable for allocations to the Fixed Account and Guaranteed Term Options), 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 Nationwide at the address and/or toll-free phone number
indicated in Contacting the Service Center (see Principal Risks). |
RESTRICTIONS |
|
Investments |
• Nationwide reserves the right to add, remove, and substitute investment options
available under the contract (see The Sub-Accounts and Underlying Mutual Funds). • Allocations to the Fixed Account may not be transferred to another investment option except at the end of a Fixed Account interest rate guarantee period (see The Fixed
Account). • Allocations to the Guaranteed Term Options that are transferred to another investment
option prior to maturity are subject to a market value adjustment (see Guaranteed Term Options).
• Allocations to the Guaranteed Term Options may not be transferred to another available investment option during the Capital Preservation Plus program period (see Capital Preservation Plus Option).
• Not all investment options may be available under your contract (see
Appendix A: Underlying Mutual Funds Available Under the Contract).
• Transfers between Sub-Accounts are subject to policies designed to deter short-term and excessively frequent transfers. Nationwide may restrict the form in which transfer requests will be accepted (see Transfer Restrictions). |
Optional Benefits |
• Certain optional benefits limit or restrict the investment options available for investment.
• Nationwide reserves the right to discontinue offering any optional benefit. Such a
discontinuance will only apply to new contracts and will not impact
any contracts already in force.
See Benefits Under the Contract. |
TAXES | |
Tax Implications |
• Consult with a tax professional to determine the tax implications of an investment in and
payments received under this contract.
• If the contract is purchased through a tax-qualified plan or IRA, there is no additional tax
deferral.
• Earnings in the contract are taxed at ordinary income tax rates at the time of
withdrawals and there may be a tax penalty if withdrawals are taken before the
Contract Owner reaches age 59½. See Appendix B: Contract Types and Tax Information.
|
CONFLICTS OF INTEREST | |
Investment Professional
Compensation |
Some financial professionals receive compensation for selling the contract.
Compensation can take the form of commission and other indirect
compensation in that Nationwide may
share the revenue it earns on this contract 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 contract over another investment
(see Distribution, Promotional, and Sales Expenses). |
Exchanges |
Some financial professionals may have a financial incentive to offer an investor a new
contract in place of the one he/she already owns. An investor should only exchange
his/her contract if he/she determines, after comparing the features,
fees, and risks of both contracts, that it is preferable for him/her
to purchase the new contract, rather than to continue to own the
existing one (see Replacements and Distribution, Promotional, and Sales Expenses). |
Transaction Expenses | ||
Maximum Contingent Deferred Sales Charge ("CDSC") (as a percentage of
purchase payments surrendered) |
7% |
|
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% |
Loan Processing Fee |
$251
|
Annual Contract Expenses | |
Annual Loan Interest Charge (assessed as a reduction to the credited
interest rate) |
2.25%2
|
Base Contract Expenses3(assessed as an annualized percentage of Daily Net Assets) |
0.95% |
Optional Benefit Expenses4 (assessed as an annualized percentage of Daily Net Assets) |
|
Reduced Purchase Payment Option Charge |
0.25%5
|
Five Year CDSC Option Charge |
0.15%6
|
CDSC Waiver Options |
|
Additional Withdrawal Without Charge and Disability Waiver Charge |
0.10%7
|
10 Year and Disability Waiver Charge (available for Tax Sheltered
Annuities only) |
0.05% |
Hardship Waiver Charge (available for Tax Sheltered Annuities
only) |
0.15% |
Optional Death Benefits |
|
One-Year Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection
Option Charge8 (available beginning January 2, 2001 or a later date if
state law requires) |
0.15% |
One-Year Step Up Death Benefit Option
Charge9 (available until state approval is
received for the One-Year Enhanced Death Benefit with Long Term
Care/Nursing Home Waiver and Spousal Protection Option) |
0.05% |
Greater of One-Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal
Protection Option Charge10 (available beginning January 2, 2001 or a later date if
state law requires) |
0.20% |
5% Enhanced Death Benefit Option
Charge11 (available until state approval is
received for the Greater of One- Year or 5% Enhanced Death Benefit with Long
Term Care/Nursing Home Waiver and Spousal Protection Option) |
0.10% |
Guaranteed Minimum Income Benefit Options (no longer
available) |
|
Guaranteed Minimum Income Benefit Option 1 Charge |
0.45% |
Guaranteed Minimum Income Benefit Option 2 Charge |
0.30% |
Extra Value Option Charge |
0.45%12
|
In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account and the
Guaranteed Term Options for the first seven Contract Years will be assessed a fee of
0.45%. |
|
Beneficiary Protector Option
Charge13 |
0.40% |
In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account or to the
Guaranteed Term Options will be assessed a fee of 0.40%. |
|
Capital Preservation Plus Option Charge |
0.50%14
|
In addition to the charge assessed to Variable Account allocations, allocations made to the Guaranteed Term
Options or Target Term Options will be assessed a fee of 0.50%. |
|
Number of Completed Years from Date of Purchase Payment |
0 |
1 |
2 |
3 |
4 |
5 |
CDSC Percentage |
7% |
7% |
6% |
4% |
2% |
0% |
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.) |
0.47% |
1.43% |
|
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 | |||||||||
|
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 (1.43%) |
$12,334 |
$20,949 |
$29,492 |
$52,545 |
* |
$15,949 |
$26,492 |
$52,545 |
$5,334 |
$15,949 |
$26,492 |
$52,545 |
Minimum Annual Underlying
Mutual Fund
Expenses (0.47%) |
$11,326 |
$18,066 |
$24,924 |
$44,596 |
* |
$13,066 |
$21,924 |
$44,596 |
$4,326 |
$13,066 |
$21,924 |
$44,596 |
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% |
Example: |
On a contract where the only optional benefit elected is the Extra Value Option, the Variable
Account value will be calculated using unit values with Variable Account charges of
1.40% for the first seven Contract Years. At the end of that period, the
charge associated with the Extra Value Option will be removed. From that
point on, the Variable Account value will be calculated using the unit
values with Variable Account charges at 0.95%. Thus, the Extra Value
Option charge is no longer included in the daily Sub-Account valuation for the contract. |
Example: |
Sub-Account X with charges of 1.40% will have a lower unit value than Sub-Account X with
charges of 0.95% (higher expenses result in lower unit values). When, upon re-rating,
the unit values used in calculating Variable Account value are dropped
from the higher expense level to the lower expense level, the higher unit
values will cause an incidental increase in the Contract Value. In order
to avoid this incidental increase, Nationwide adjusts the number of units
in the contract down so that the Contract Value after the re-rating is the same as the Contract Value before the re-rating. |
Name of Benefit |
Purpose |
Maximum
Fee |
Brief Description of Restrictions/Limitations
|
Standard Death Benefit |
Death benefit upon
death of Annuitant prior
to Annuitization |
None |
• Nationwide may limit purchase payments to $1,000,000 |
Asset Rebalancing (see
Contract Owner
Services) |
Automatic reallocation
of assets on a
predetermined
percentage basis |
None |
• Assets in the Fixed Account and GTOs are
excluded from the program |
Name of Benefit |
Purpose |
Maximum
Fee |
Brief Description of Restrictions/Limitations
|
Dollar Cost Averaging
(see Contract Owner Services) |
Long-term transfer
program involving
automatic transfer of
assets |
None |
• Transfers are only permitted from the Fixed Account and a limited number of Sub-Accounts • Transfers may not be directed to the Fixed Account
or GTOs
• Transfers from the Fixed Account must be equal to or less than 1/30th of the Fixed Account value at the time the program is requested |
Enhanced Fixed
Account Dollar Cost
Averaging (see Contract Owner Services) |
Long-term transfer
program involving
automatic transfer of
Fixed Account
allocations with higher
interest crediting rate |
None |
• Transfers are only permitted from the Fixed Account • Only new purchase payments to the contract are
eligible for the program
• Transfers may not be directed to the Fixed Account or GTOs |
Systematic Withdrawals
(see Contract Owner Services) |
Automatic withdrawals
of Contract Value on a
periodic basis |
None |
• Withdrawals must be at least $100 each |
Name of Benefit |
Purpose |
Maximum
Fee |
Current Fee |
Brief Description of Restrictions/
Limitations |
Loans (see Loan Privilege) |
Loan from Contract
Value |
$25 Loan
Processing
Fee and
2.25%
compound
interest on
outstanding
loan balance |
$25 Loan
Processing
Fee and
2.25%
compound
interest on
outstanding
loan balance |
• Only available to owners of Tax Sheltered Annuities • Subject to terms of the Tax
Sheltered Annuity plan
• Minimum and maximum loan amounts apply • Loans must be repaid within a
specified period
• Loan payments must be made at least quarterly |
Reduced Purchase
Payment Option |
Reduction to minimum
initial purchase payment
and subsequent
purchase payment
requirements |
0.25% (Daily
Net Assets) |
0.25% (Daily
Net Assets) |
• Must be elected at application • Not available for Investment-Only
Contracts |
Five Year CDSC Option |
Reduction of standard
CDSC schedule |
0.15% (Daily
Net Assets) |
0.15% (Daily
Net Assets) |
• Must be elected at application • Election is irrevocable
• Not available if the Extra Value Option is elected |
Additional Withdrawal
Without Charge and
Disability Waiver |
CDSC waiver and
increased CDSC-free
withdrawal privilege |
0.10% (Daily
Net Assets) |
0.10% (Daily
Net Assets) |
• Must be elected at application • Election is irrevocable
• CDSC waiver is subject to conditions • If waiver becomes effective due to
disability, no additional purchase
payments are permitted |
10 Year and Disability
Waiver |
CDSC waiver |
0.05% (Daily
Net Assets) |
0.05% (Daily
Net Assets) |
• Only available to owners of a Tax
Sheltered Annuity
• Must be elected at application • Election is irrevocable
• CDSC waiver is subject to conditions • If waiver becomes effective due to
disability, no additional purchase
payments are permitted |
Name of Benefit |
Purpose |
Maximum
Fee |
Current Fee |
Brief Description of Restrictions/
Limitations |
Hardship Waiver |
CDSC waiver |
0.15% (Daily
Net Assets) |
0.15% (Daily
Net Assets) |
• Only available to owners of a Tax Sheltered Annuity • Must be elected at application
• Election is irrevocable • CDSC waiver is subject to conditions
• If waiver becomes effective, no additional purchase payments are permitted |
One-Year Enhanced
Death Benefit with
Long-Term Care/
Nursing Home Waiver
and Spousal Protection |
Enhanced death benefit |
0.15% (Daily
Net Assets) |
0.15% (Daily
Net Assets) |
• May not be elected if another death benefit option is elected • Must be elected at application
• Election is irrevocable • Nationwide may limit purchase
payments to $1,000,000
Spousal Protection Feature
• Not applicable to Charitable Remainder Trusts • One or both spouses (or a revocable
trust of which either or both of the
spouses is/are grantor(s)) must be
named as the Contract Owner
• For contracts issued as an IRA or Roth IRA, only the person for whom the IRA or Roth IRA was established may be named as the Contract Owner • Only available to Contract Owner’s
spouse
• Spouses must be Co-Annuitants • Both spouses must be 85 or younger
at contract issuance
• Spouses must be named as beneficiaries • No other person may be named as
Contract Owner, Annuitant, or
primary beneficiary
• If the Contract Owner requests to add a Co-Annuitant after contract issuance, the date of marriage must be after the contract issue date and Nationwide will require the Contract Owner to provide a copy of the marriage certificate • Benefit is forfeited if certain changes
to the parties or assignments are
made |
One-Year Step Up
Death Benefit Option |
Enhanced death benefit |
0.05% (Daily
Net Assets) |
0.05% (Daily
Net Assets) |
• Limited availability
• Must be elected at application • Election is irrevocable
• Nationwide may limit purchase payments to $1,000,000 |
Name of Benefit |
Purpose |
Maximum
Fee |
Current Fee |
Brief Description of Restrictions/
Limitations |
Greater of One-Year or
5% Enhanced Death
Benefit with Long-Term
Care/Nursing Home
Waiver and Spousal
Protection Option |
Enhanced death benefit |
0.20% (Daily
Net Assets) |
0.20% (Daily
Net Assets) |
• May not be elected if another death benefit option is elected • Must be elected at application
• Election is irrevocable • Nationwide may limit purchase
payments to $1,000,000
Spousal Protection Feature
• Not applicable to Charitable Remainder Trusts • One or both spouses (or a revocable
trust of which either or both of the
spouses is/are grantor(s)) must be
named as the Contract Owner
• For contracts issued as an IRA or Roth IRA, only the person for whom the IRA or Roth IRA was established may be named as the Contract Owner • Only available to Contract Owner’s
spouse
• Spouses must be Co-Annuitants • Both spouses must be 85 or younger
at contract issuance
• Spouses must be named as beneficiaries • No other person may be named as
Contract Owner, Annuitant, or
primary beneficiary
• If the Contract Owner requests to add a Co-Annuitant after contract issuance, the date of marriage must be after the contract issue date and Nationwide will require the Contract Owner to provide a copy of the marriage certificate • Benefit is forfeited if certain changes
to the parties or assignments are
made |
5% Enhanced Death
Benefit Option |
Enhanced death benefit |
0.10% (Daily
Net Assets) |
0.10% (Daily
Net Assets) |
• Limited availability • Must be elected at application
• Election is irrevocable • Nationwide may limit purchase
payments to $1,000,000 |
Guaranteed Minimum
Income Benefit Option 1 |
Minimum guaranteed
value for annuitization |
0.45% (Daily
Net Assets) |
0.45% (Daily
Net Assets) |
• No longer available for election • Must be elected at application
• Election is irrevocable • Annuitization options are limited |
Guaranteed Minimum
Income Benefit Option 2 |
Minimum guaranteed
value for annuitization |
0.30% (Daily
Net Assets) |
0.30% (Daily
Net Assets) |
• No longer available for election
• Must be elected at application • Election is irrevocable
• Annuitization options are limited |
Name of Benefit |
Purpose |
Maximum
Fee |
Current Fee |
Brief Description of Restrictions/
Limitations |
Extra Value Option |
Additional money is
deposited to the
contract (bonus credits) |
0.45% (Daily
Net Assets,
Fixed
Account
interest
credited, and
GTO
guaranteed
rate of
return) |
0.45% (Daily
Net Assets,
Fixed
Account
interest
credited, and
GTO
guaranteed
rate of
return) |
• Must be elected at application • Election is irrevocable
• Bonus credit only applies to deposits made during the first Contract Year • Bonus credits are subject to
recapture under certain
circumstances
• Fixed Account allocations may be restricted under certain circumstances |
Beneficiary Protector
Option |
Payment of an amount
that could be used to
pay taxes assessed on
death benefit proceeds |
0.40% (Daily
Net Assets,
Fixed
Account
interest
credited, and
GTO
guaranteed
rate of
return) |
0.40% (Daily
Net Assets,
Fixed
Account
interest
credited, and
GTO
guaranteed
rate of
return) |
• Election is irrevocable • Annuitant must be 70 or younger at
date of election |
Capital Preservation
Plus Option |
Principal protection |
0.50% (Daily
Net Assets
and GTO
guaranteed
rate of
return) |
0.50% (Daily
Net Assets
and GTO
guaranteed
rate of
return) |
• Limited availability
• Must be elected at application • Investment restrictions apply
• Not available if a loan is outstanding • No new loans are permitted
• Additional purchase payments are not permitted during the program period • Enhanced Fixed Account Dollar Cost
Averaging is not available
• Surrenders cannot be taken exclusively from the GTO • Transfers to and from the GTO are
not permitted during the program
period
• Restrictions on termination apply |
Example: |
For an example of how the Standard Death Benefit (Five-Year Reset Death Benefit) is
calculated, see Appendix C: Standard Death Benefit (Five-Year Reset Death Benefit)
Example. |
Example: |
Ms. H elected the Reduced Purchase Payment Option at the time of application. While the
option remains in effect, Nationwide will accept a minimum initial purchase payment of
$1,000 or more and will accept minimum subsequent purchase payments of
$25 or more. Those amounts are lower than what would be required had the
Reduced Purchase Payment Option not been elected. |
Number of Completed Years from Date of Purchase Payment |
0 |
1 |
2 |
3 |
4 |
5+ |
CDSC
Percentage |
7% |
7% |
6% |
4% |
2% |
0% |
Example: |
Mr. B elected the Five Year CDSC Option at the time of application. Mr. B elects to take a
partial withdrawal in the fourth year of his contract. Instead of applying the standard
CDSC schedule, Nationwide will apply the Five Year CDSC schedule, which
results in a CDSC percentage of 2% (3 completed Contract
Years). |
Example: |
Mr. J elected the Additional Withdrawal Without Charge and Disability Waiver at the time of
application and he now wants to take a withdrawal from his contract. If Mr. J’s
withdrawal is subject to a CDSC and he hasn’t yet used his
CDSC-free withdrawal privilege for that year, Mr. J would be entitled to
a 15% CDSC-free withdrawal, as opposed to the 10% CDSC-free withdrawal
that is applicable on standard contracts. |
Example: |
Ms. Q elected the 10 Year and Disability Waiver at the time of application and is in her 11th
year of owning the contract. During that time, she made regular monthly payroll
deposits into the contract. Nationwide will waive any applicable CDSC on
withdrawals from Ms. Q’s contract. |
Example: |
Ms. H elected the Hardship Waiver at the time of application and she would like to take a
hardship withdrawal from her contract. Nationwide will waive any applicable CDSC on the
hardship withdrawal, provided any request proof of hardship is provided
and accepted by Nationwide. |
Example: |
For an example of how the One-Year Enhanced Death Benefit with Long-Term Care/ Nursing Home Waiver and Spousal Protection Option is calculated, see
Appendix D: One- Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal
Protection Option Example. |
Example: |
For an example of how the One-Year Step-Up Death Benefit Option is calculated, see
Appendix E: One-Year Step Up Death Benefit Option Example. |
Example: |
For an example of how the Greater of One-Year or 5% Enhanced Death Benefit with Long-
Term Care/Nursing Home Waiver and Spousal Protection Option is calculated, see
Appendix F: Greater of One-Year or 5% Enhanced Death
Benefit with Long-Term Care/ Nursing Home Waiver and
Spousal Protection Option Example. |
Example: |
For an example of how the 5% Enhanced Death Benefit Option is calculated, see Appendix G: 5% Enhanced Death Benefit Option Example |
Example: |
On June 1, which is before her Annuitization Date, Ms. P passes away. Her death benefit
contains the Spousal Protection Feature. 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 Feature,
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. |
Example: |
Assume the Guaranteed Annuitization Value = $100,000 and the Contract Value = $80,000
at time of a $20,000 withdrawal. Therefore, the Contract Value would be reduced by 25%
($20,000/$80,000), and the Guaranteed Annuitization Value would also be
reduced by 25% or $25,000 (25% x $100,000). As a result, the new
Guaranteed Annuitization Value = $75,000 ($100,000-$25,000).
|
Example: |
Assume the highest Contract Value on any Contract Anniversary prior to the Annuitant’s
86th birthday = $100,000 and the Contract Value = $80,000 at time of a $20,000
withdrawal. Therefore, the Contract Value would be reduced by 25%
($20,000/$80,000), and the Guaranteed Annuitization Value would also be
reduced by 25% or $25,000 (25% x $100,000). As a result, the new
Guaranteed Annuitization Value = $75,000 ($100,000-$25,000).
|
Example: |
Mr. C elects the Extra Value Option and submits an initial purchase payment of $50,000. On
the date the initial purchase payment is applied (and in addition to that initial
purchase payment), Nationwide will apply another $1,500 (which is 3% of
$50,000) to Mr. C’s contract. |
a |
= |
the Contract Value on the date the death benefit is calculated (prior to any death benefit calculation); |
b |
= |
purchase payments, proportionately adjusted for withdrawals; and |
c |
= |
any adjustment for a death benefit previously credited, proportionately adjusted for withdrawals. |
a |
= |
Contract Value on the date the death benefit is calculated (prior to any death benefit calculation); |
b |
= |
the Contract Value on the date the option is elected, proportionately adjusted for withdrawals; |
c |
= |
purchase payments made after the option is elected, proportionately adjusted for withdrawals; |
d |
= |
any adjustment for a death benefit previously credited to the contract after the option is elected, proportionately
adjusted for withdrawals. |
Example: |
The Annuitant elected the Beneficiary Protector Option at the time of application. On the
date of the Annuitant’s death, the Contract Value = $75,000, the total purchase
payments (adjusted for withdrawals) = $68,000, and there is no adjustment
for a death benefit previously credited. The amount of the benefit would
be calculated as follows: 40% x ($75,000-$68,000-$0), which equals
$2,800. |
Example: |
Ms. D elected the Capital Preservation Plus Option and elected a 10-year program period.
Nationwide informed her of her investment options and she provided her allocation
instructions. At the beginning of the program period, her Contract Value
was $50,000. At the end of the program period, Ms. D’s Contract
Value was $56,000, so no adjustment was made to her contract. Had her
Contract Value been less than $50,000 at the end of the program period,
Nationwide would have adjusted the Contract Value to equal $50,000. |
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. |
|
Contract Values |
Maximum Outstanding Loan Balance Allowed |
Non-ERISA Plans |
up to $20,000 |
up to 80% of Contract Value (not more than $10,000) |
|
$20,000 and over |
up to 50% of Contract Value (not more than $50,000*) |
ERISA Plans |
All |
up to 50% of Contract Value (not more than $50,000*) |
Example: |
|
|
|
|
|
Ms. T takes a loan from her contract of $50,000. After default, the first time interest
is calculated as follows: | |||||
1A.The
total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | |||||
6.25% (total
interest rate) |
x |
$50,000
(outstanding principal) |
= |
$3,125 ($2,000
=collateral interest $1,125 = finance interest) |
|
1B.The
amount from 1A representing collateral interest is added to the outstanding principal; | |||||
$2,000
(collateral interest) |
+ |
$50,000
(outstanding principal) |
= |
$52,000
(outstanding
principal and collateral interest) |
|
1C.The
amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on a compound basis and will become the outstanding finance interest; and | |||||
$1,125
(outstanding
finance
interest) |
|
|
|
|
|
1D.The
outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding principal and interest. | |||||
$52,000
(outstanding
principal and collateral interest) |
+ |
$1,125
(outstanding
finance
interest) |
= |
$53,125 (total
outstanding principal and interest) |
|
Thereafter, when interest is calculated: |
|
|
|
|
|
2A.The
total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest from 1A above; | |||||
6.25% (total
interest rate) |
x |
$52,000 (1A
outstanding principal and
collateral interest) |
= |
$3,250 ($2,080 =
collateral interest $1,170 = finance interest) |
|
2B.The
amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; |
Example: |
|
|
|
|
|
$2,080
(collateral interest) |
+ |
$52,000 (1A
outstanding principal and
collateral interest) |
= |
$54,080
(outstanding
principal and collateral interest) |
|
2C.The
total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | |||||
6.25% (total
interest rate) |
x |
$1,125
(outstanding finance
interest) |
= |
$70.31 (finance
interest) |
|
$70.31 (finance
interest) |
+ |
$1,125
(outstanding
finance interest) |
= |
$1,195.31
(outstanding
finance interest) |
|
2D.The
amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | |||||
$1,170 (finance
interest) |
+ |
$1,195.31
(outstanding
finance interest) |
= |
$2,365.31
(outstanding
finance interest) |
|
2E.The
outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to determine the total outstanding principal and interest. | |||||
$54,080 (total
outstanding principal and collateral interest) |
+ |
$2,365.31
(outstanding
finance interest) |
= |
$56,445.31 (total
outstanding principal and interest) |
|
This method of interest calculation and accrual is applied to the total outstanding
principal and collateral interest, and finance interest balances until the
entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on which no payments were made will accrue as follows: | |||||
Outstanding Principal |
|
$50,000 |
| ||
Outstanding Collateral Interest |
|
$40,047 |
| ||
Outstanding Finance Interest |
|
$34,091 |
| ||
Total Outstanding Principal and Interest |
|
$124,138 |
|
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. |
Contract Owner's Age |
Percentage of Contract Value |
Under
age 59½ |
5
% |
59½ through age 61 |
7
% |
62
through age 64 |
8
% |
65
through age 74 |
10
% |
75
and over |
13
% |
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. |
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 |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Discovery Value Portfolio: Class B
Investment Advisor: AllianceBernstein L.P. |
1.06% |
16.86% |
10.51% |
7.29% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
International Value Portfolio: Class B
This underlying mutual fund is no longer available to receive transfers or
new purchase payments effective May 1, 2004
Investment Advisor: AllianceBernstein L.P. |
1.15% |
14.83% |
5.55% |
1.83% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Large Cap Growth Portfolio: Class B
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2004
Investment Advisor: AllianceBernstein L.P. |
0.91%* |
34.79% |
17.56% |
14.60% |
Equity |
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS
Relative Value Portfolio: Class B
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2004
Investment Advisor: AllianceBernstein L.P. |
0.86%* |
11.72% |
11.57% |
9.05% |
Fixed Income |
Federated Hermes Insurance Series - Federated Hermes High Income
Bond Fund II: Service Shares
Investment Advisor: Federated Investment Management Company |
1.06%* |
12.47% |
4.49% |
3.87% |
Allocation |
Federated Hermes Insurance Series - Federated Hermes Managed
Volatility Fund II: Service Shares
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2004
Investment Advisor: Federated Global Investment Management Corp.
Sub-Advisor: Federated Global Investment Management Corp., Federated
Investment Management Company, Federated Equity Management
Company of Pennsylvania |
1.22%* |
8.33% |
5.88% |
3.93% |
Fixed Income |
Federated Hermes Insurance Series - Federated Hermes Quality
Bond Fund II: Service Shares
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2008
Investment Advisor: Federated Investment Management Company |
1.06%* |
5.85% |
2.10% |
2.00% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Dynamic Capital
Appreciation Portfolio: Service Class
2 This underlying mutual fund is only available in contracts for
which good order applications were received 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 |
0.87% |
28.72% |
16.93% |
11.38% |
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 Equity-Income
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 |
0.72% |
10.38% |
12.01% |
8.31% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Growth &
Income Portfolio: Service Class 2
This underlying mutual fund is only available in contracts for which good
order applications were received 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 |
0.74% |
18.37% |
14.50% |
9.99% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Growth 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 |
0.83% |
35.89% |
19.34% |
14.51% |
Fixed Income |
Fidelity Variable Insurance Products Fund - VIP High Income
Portfolio: Service Class 2
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2016
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 |
1.02% |
10.24% |
3.60% |
3.14% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Overseas
Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Investment Sub-Advisor: FMR UK, FMR HK, FMR Japan, FIA, and
FIA(UK) |
0.98% |
20.22% |
9.71% |
4.65% |
Equity |
Fidelity Variable Insurance Products Fund - VIP Value Strategies
Portfolio: Service Class 2
This underlying mutual fund is only available in contracts for which good
order applications were received 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 |
0.85% |
20.61% |
16.63% |
9.10% |
Equity |
Invesco - Invesco V.I. Comstock Fund: Series II
Shares Investment Advisor: Invesco Advisers, Inc. |
1.00% |
12.09% |
13.20% |
8.65% |
Equity |
Invesco - Invesco V.I. Core Equity Fund: Series II
Shares This underlying mutual fund is only available in contracts for
which good order applications were received before May 1,
2024 Investment Advisor: Invesco Advisers, Inc. |
1.05% |
23.09% |
12.67% |
7.53% |
Equity |
Invesco - Invesco V.I. EQV International Equity Fund: Series II
Shares This underlying mutual fund is no longer available to receive
transfers or new purchase payments effective May 1,
2004 Investment Advisor: Invesco Advisers, Inc. |
1.15% |
17.87% |
8.15% |
4.07% |
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. Global Fund: Series II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Invesco Advisers, Inc. |
1.07% |
34.45% |
12.02% |
8.20% |
Fixed Income |
Invesco - Invesco V.I. Global Strategic Income Fund: Series
II Investment Advisor: Invesco Advisers, Inc. |
1.17%* |
8.60% |
1.04% |
1.25% |
Equity |
MFS® Variable Insurance Trust - MFS Mid Cap Growth Series:
Service Class
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2006
Investment Advisor: Massachusetts Financial Services Company |
1.05%* |
20.97% |
13.05% |
10.85% |
Equity |
MFS® Variable Insurance Trust - MFS New Discovery Series:
Service Class
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2006
Investment Advisor: Massachusetts Financial Services Company |
1.12%* |
14.25% |
10.81% |
7.41% |
Equity |
MFS® Variable Insurance Trust - MFS Value Series: Service
Class Investment Advisor: Massachusetts Financial Services
Company |
0.94%* |
7.63% |
11.07% |
8.25% |
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: Service
Class This underlying mutual fund is only available in contracts for
which good order applications were received before March 27,
2015 Investment Advisor: Massachusetts Financial Services
Company |
0.98%* |
23.70% |
16.39% |
12.44% |
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 BNY Mellon Dynamic
U.S. Core Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Newton Investment Management Limited |
0.87%* |
23.56% |
15.23% |
11.57% |
Equity |
Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic
U.S. Equity Income: Class Z
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Newton Investment Management Limited |
1.00% |
8.78% |
13.08% |
8.90% |
Fixed Income |
Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class
I This underlying mutual fund is only available in contracts for
which good order applications were received 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 II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2024
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: NS Partners Ltd |
1.35%* |
3.86% |
-0.01% |
-0.13% |
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 I
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Nationwide Asset Management, LLC |
0.69%* |
4.70% |
0.21% |
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 I
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 Invesco Small Cap
Growth Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Invesco Advisers, Inc. |
1.34% |
17.16% |
11.25% |
8.06% |
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
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 II
This underlying mutual fund is only available in contracts for which good
order applications were received before May 1, 2023
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Jacobs Levy Equity Management, Inc. |
0.89%* |
23.20% |
13.40% |
10.26% |
Equity |
Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap
Growth Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. |
0.95%* |
34.99% |
22.78% |
15.03% |
Equity |
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund:
Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: BlackRock Investment Management, LLC |
0.61% |
15.82% |
11.93% |
8.63% |
Equity |
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small
Cap Value Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and WCM
Investment Management, LLC |
1.31%* |
17.15% |
10.77% |
6.57% |
Equity |
Nationwide Variable Insurance Trust - NVIT Multi-Manager Small
Company Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. and
Invesco Advisers, Inc. |
1.30%* |
13.69% |
13.02% |
8.20% |
Equity |
Nationwide Variable Insurance Trust - NVIT NS Partners
International Focused Growth Fund: Class
II Investment Advisor: Nationwide Fund Advisors
Investment Sub-Advisor: NS Partners Ltd |
1.23%* |
15.54% |
7.15% |
3.51% |
Equity |
VanEck VIP Trust - VanEck VIP Global Resources Fund: Class
S Investment Advisor: Van Eck Associates Corporation
|
1.36% |
-3.84% |
10.34% |
-1.26% |
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 |
VanEck VIP Trust - VanEck VIP Global Resources Fund: Initial
Class This underlying mutual fund is no longer available to receive
transfers or new purchase payments effective May 1,
2012 Investment Advisor: Van Eck Associates Corporation
|
1.12% |
-3.58% |
10.61% |
-1.01% |
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 |
01-01-1991 |
Five-year Contract
Anniversary |
n/a |
$106,678 |
01-01-1996 |
Five-year Contract
Anniversary |
n/a |
$90,326 |
01-01-2001 |
Five-year Contract
Anniversary |
n/a |
$98,267 |
03-01-2001 |
Annuitant’s 86th birthday |
n/a |
$98,555 |
01-01-2009 |
Annuitant’s death and the
date Nationwide received
information to pay the death
benefit |
n/a |
$97,113 |
(1) |
the Contract Value; |
$97,113 |
(2) |
the total of all purchase payments, less an adjustment for amounts withdrawn; or |
$91,429 |
(3) |
the Contract Value as of the most recent five-year Contract Anniversary before the Annuitant's 86th birthday, less an adjustment for amounts
subsequently withdrawn, plus purchase payments received after that five-year Contract Anniversary. |
$98,267 |
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 |
Date |
Event/Transaction Type |
Transaction Amount |
Contract Value* |
01-01-1986 |
Initial Purchase Payment |
$100,000 |
$100,000 |
02-14-1988 |
Subsequent Purchase
Payment |
$25,000 |
$133,666 |
07-28-1996 |
Partial Withdrawal |
$10,000 |
$176,202 |
09-30-2004 |
Annuitant’s 86th birthday |
n/a |
$242,807 |
03-01-2005 |
Subsequent Purchase
Payment |
$11,000 |
$257,803 |
05-15-2007 |
Partial Withdrawal |
$7,000 |
$274,079 |
04-18-2009 |
Annuitant’s death and the
date Nationwide received
information to pay the death
benefit |
n/a |
$295,602 |
(1) |
the Contract Value; |
$295,602 |
(2) |
the total of all purchase payments, less an adjustment for amounts withdrawn; |
$126,067 |
(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; or |
$240,646 |
(4) |
the 5% interest anniversary value |
$252,134 |
Date |
Event/Transaction Type |
Transaction Amount |
Contract Value* |
01-01-1986 |
Initial Purchase Payment |
$100,000 |
$100,000 |
02-14-1988 |
Subsequent Purchase
Payment |
$25,000 |
$133,666 |
07-28-1996 |
Partial Withdrawal |
$10,000 |
$176,202 |
09-30-2004 |
Annuitant’s 86th birthday |
n/a |
$242,807 |
03-01-2005 |
Subsequent Purchase
Payment |
$11,000 |
$257,803 |
05-15-2007 |
Partial Withdrawal |
$7,000 |
$274,079 |
04-18-2009 |
Annuitant’s death and the
date Nationwide received
information to pay the death
benefit |
n/a |
$295,602 |
(1) |
the Contract Value as of the date that Nationwide receives all the
information necessary to pay the death benefit; |
$295,602 |
(2) |
the 5% interest anniversary value |
$252,134 |
|
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2 | |
2 | |
2 | |
3 | |
3 | |
3 |
|
|
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-7 |
(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 |