Accumulation Unit – An accounting unit of measure of an investment in, or share of, a Sub-Account. Accumulation Unit values are initial set at $10 for each Sub-Account. |
Adjusted Cash Value – An amount used in determining investment advisory policy loans. It is equal to the combined accumulated dollar value of the interests you purchased in the Sub-Accounts of the Variable Account, plus the values in the Indexed Interest Strategies and any Pending Sweep Transactions; it is also equal to the Cash Value, minus the value in the Fixed Account, minus any values in the declared rate policy loan account and investment advisory policy loan account, plus any value in the Pending Sweep Transactions. |
Attained Age – A person's Issue Age plus the number of full years since the Policy Date. |
Base Policy Specified Amount – The amount of insurance coverage selected under the base policy, excluding any Rider Specified Amount. |
Cash Surrender Value – The Cash Value minus Indebtedness. |
Cash Value – The total amount allocated to the Sub-Accounts, the declared rate policy loan account, the investment advisory policy loan account, and the general account options. |
CI Accelerated Death Benefit Payment – The actual net benefit amount Nationwide will pay if the requirements of the Accelerated Death Benefit for Chronic Illness Rider are met. It is equal to a CI Unadjusted Accelerated Death Benefit Payment reduced by applicable charges and adjustments. |
CI Eligible Specified Amount – The Base Policy Specified Amount in effect on each respective chronic illness benefit payment date, after: 1) the death benefit option has been changed to Death Benefit Option 1 (level), if applicable, on the first chronic illness benefit payment date; 2) subtracting any reductions to the Base Policy Specified Amount for benefit payments from any other Riders that accelerate the Death Benefit on the same date and any portion of the Base Policy’s Specified Amount scheduled to terminate in twelve months or less; and 3) adding the dollar amount of any reductions to the Base Policy’s Specified Amount resulting from the payment of all prior CI Accelerated Death Benefit Payments. |
CI Proportional Reduction Percentage – The dollar amount of the Base Policy Specified Amount after reduction on a chronic illness benefit payment date divided by the dollar amount of the Base Policy Specified Amount immediately prior to reduction on a chronic illness benefit payment date. |
CI Unadjusted Accelerated Death Benefit Payment Amount – A dollar amount elected by the Policy Owner, subject to the CI Eligible Specified Amount and the limitations described in the Accelerated Death Benefit for Chronic Illness Rider, used to calculate CI Accelerated Death Benefit Payments and associated Base Policy Specified Amount reductions. The minimum and maximum CI Unadjusted Accelerated Death Benefit Payment available on a benefit payment date is described in the Rider and Policy Specification Pages. |
Code – The Internal Revenue Code of 1986, as amended. |
CRI Accelerated Death Benefit Payment – The actual net benefit amount Nationwide will pay if the requirements of the Accelerated Death Benefit for Critical Illness Rider are met. It is equal to a CRI Unadjusted Accelerated Death Benefit Payment Amount reduced by applicable charges and adjustments. |
CRI Eligible Specified Amount – The Base Policy Specified Amount in effect on each respective critical illness benefit payment date, after: 1) the death benefit option has been changed to Death Benefit Option 1 (level) on the first critical illness benefit payment date, if applicable; 2) subtracting any reductions to the Base Policy Specified Amount for benefit payments from the Accelerated Death Benefit for Terminal Illness Rider on the same date, the total of any benefit payments from the Long-Term Care Rider II, and any portion of the Base Policy’s Specified Amount scheduled to terminate in twelve months or less; and 3) adding the dollar amount of any reductions to the Base Policy’s Specified Amount resulting from the payment of all prior CRI Accelerated Death Benefit Payments. |
CRI Proportional Reduction Percentage – The dollar amount of the Base Policy Specified Amount after reduction on a critical illness benefit payment date divided by the dollar amount of the Base Policy Specified Amount immediately prior to reduction on a critical illness benefit payment date. |
CRI Unadjusted Accelerated Death Benefit Payment Amount – A dollar amount elected by the Policy Owner, subject to the CRI Eligible Specified Amount and the limitations described in the Accelerated Death Benefit for Critical Illness Rider, used to calculate CRI Accelerated Death Benefit Payments and associated Base Policy Specified Amount reductions. The minimum and maximum CRI Unadjusted Accelerated Death Benefit Payment available on a benefit payment date is described in the Rider and Policy Specification Pages. |
Death Benefit – The amount paid upon the Insured's death, before the deduction of any Indebtedness, reduction for any long-term care benefits paid, adjustments or reductions under the Long-Term Care Rider II, or due and unpaid policy charges. |
Directed Monthly Deductions – A Policy Owner's election to have deductions for monthly policy charges, including Rider charges, deducted from a single Sub-Account. If the selected investment option’s value is insufficient to cover the full monthly deduction, the remainder of the monthly deduction will be deducted as described in How Monthly Charges are Deducted. The Fixed Account and indexed interest strategies are not available for Directed Monthly Deduction election. |
Fixed Account – An investment option that is funded by Nationwide's general account. |
Grace Period – A 61-day period after which the Policy will Lapse if sufficient payments are not made to prevent Lapse. |
In Force – Any time during which benefits are payable under the policy and any elected Rider(s). |
Indebtedness – The total amount of all outstanding declared rate policy loans and investment advisory policy loans, including principal and interest due. |
Index Segment(s) – A division of an indexed interest strategy created by the allocation of Net Premium and/or allocation or transfer of Cash Value to an indexed interest strategy on a Sweep Date. |
Index Segment Maturity Date – The scheduled end date of an Index Segment term. |
Index Segment Maturity Value - The Cash Value of an Index Segment on its Index Segment Maturity Date, including any Index Segment Interest credited. |
Insured – The person whose life is insured under the policy, and whose death triggers payment of the Death Benefit. |
Investment Experience – The market performance of a mutual fund/Sub-Account. |
Investment in the Contract – The amount that may be withdrawn from the policy tax free as defined in Section 72(e)(6) of the Code, see Taxes. |
Issue Age – A person's age based on their birthday nearest the Policy Date. If their last birthday was more than 182 days prior to the Policy Date, their nearest birthday will be their next birthday. |
Lapse – The policy terminates without value. |
Long-Term Care Specified Amount – The elected Long-Term Care Rider II benefit amount adjusted for any post issue decreases. |
Maturity Date – The policy anniversary on which the Insured reaches Attained Age120. |
Minimum Required Death Benefit – The lowest Death Benefit that will qualify the policy as life insurance under the Code. |
Nationwide – Nationwide Life and Annuity Insurance Company. |
Net Amount At Risk – The base policy's Death Benefit minus the policy's Cash Value. |
Net Asset Value (NAV) – The price of each share of a mutual fund in which a Sub-Account invests. NAV is calculated by subtracting the mutual fund's liabilities from its total assets, and dividing that figure by the number of shares outstanding. Nationwide uses NAV to calculate the value of Accumulation Units. NAV does not reflect deductions made for charges taken from the Sub-Accounts. |
– Premium after any amounts required to be deposited in the Fixed Account, any required investment advisory policy loan repayment, and transaction charges, but before any allocation to an investment option. |
– Dollar amounts used to calculate the Premium that must be paid to meet the requirements of the Guaranteed Policy Continuation Provision. |
No-Lapse Guarantee Period – The length of time during which the no-lapse guarantee feature of this policy is available. The No-Lapse Guarantee Period is elected at the time of application and is stated in the Policy Specification Pages. The No-Lapse Guarantee Period cannot be changed on or after the Policy Date. |
Pending Sweep Transaction – Cash Value being held in the Fixed Account, including attributable accrued interest, pending application to an indexed interest strategy on the next applicable Sweep Date. |
Policy Date – The date the policy takes effect as shown in the Policy Specification Pages. Policy years, months, and anniversaries are measured from this date. |
Policy Monthaversary – The same day of the month as the Policy Date for each succeeding month. In any month where such day does not exist (e.g. 29th, 30th, or 31st), the Policy Monthaversary will be the last day of that calendar month. |
Policy Owner – The person or entity named as the owner on the application, or the person or entity assigned ownership rights. |
Policy Proceeds or Proceeds – Policy Proceeds may constitute the Death Benefit, or the amount payable if the policy matures or is surrendered, adjusted to account for any unpaid charges, Indebtedness and Rider benefits. |
Policy Specification Page(s) – The Policy Specification Page(s) are issued as part of the policy and contain information specific to the policy and the Insured, including coverage and Rider elections. Updated Policy Specification Page(s) will be issued if the Policy Owner makes any changes to coverage elections after the policy is issued. |
– Amount(s) paid to purchase and maintain the policy. |
– A charge that is deducted for any Premium payment applied to a policy that is in excess of the no-lapse guarantee annual premium. The Percent of Premium Charge rate is equal to the applicable state Premium tax based upon your state of residence. |
– Any return of Premium due to Code Section 7702 or 7702A. |
Rider – An optional benefit purchased under the policy. Rider availability and Rider terms may vary depending on the state in which the policy was issued. |
Rider Specified Amount – The elected dollar amount of coverage for the Long-Term Care Rider II. |
SEC – Securities and Exchange Commission. |
Service Center – The department of Nationwide responsible for receiving all service and transaction requests relating to the policy. For service and transaction requests submitted other than by telephone (including fax requests), the Service Center is 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. |
Sub-Account(s) – The mechanism used to account for allocations of Net Premium and Cash Value among the policy's variable investment options. |
Sweep Date(s) – The dates on which allocated Net Premium and/or transferred Cash Value are applied to an indexed interest strategy to create a new Index Segment. |
TI Accelerated Death Benefit Payment – The actual benefit amount that will be paid under the Accelerated Death Benefit for Terminal Illness Rider if the eligibility and conditions for payment are met. The benefit amount paid is reduced for risk deductions and adjustments for premature payment of the Base Policy Specified Amount. |
TI Unadjusted Accelerated Death Benefit Payment – An amount equal to the percentage of the Base Policy Specified Amount elected multiplied by the Base Policy Specified Amount, when a payment is requested under the Accelerated Death Benefit for Terminal Illness Rider. Policy Owners do not receive the unadjusted amount because it does not include risk charges and adjustments made due to the premature payment of a portion of the Base Policy Specified Amount. |
Valuation Period – The period during which Nationwide determines the change in the value of the Sub-Accounts. One Valuation Period ends and another begins as of the close of regular trading on the New York Stock Exchange. |
Variable Account – Nationwide VL Separate Account-G, a separate account that Nationwide established to hold Policy 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 |
Charges for Early Withdrawals |
Surrender Charge – There are no surrender charges upon a full surrender of the policy. Partial Surrender Fee – Deducted from the partial surrender amount requested (see Partial Surrender Fee). Currently, Nationwide waives the Partial Surrender Fee. Nationwide may elect in the future to assess a Partial Surrender Fee. The Partial Surrender Fee assessed to each surrender will not exceed the lesser of $25 or 5% of the amount surrendered. |
Transaction Charges |
The Policy Owner may also be charged for other transactions as follows: • Percent of Premium Charge – Deducted from any Premium payment applied to a policy that is in excess of the no-lapse guarantee annual premium. • Indexed Interest Strategy Charge – Assessed upon creation of an Index Segment in an Indexed Interest Strategy. • Service Fee – Upon requesting an illustration, policy loan, or copies of transaction confirmations and statements. • Rider Charges – One time rider charges for certain benefits, deducted upon invoking the rider. See Standard Policy Charges and Policy Riders and Rider Charges. |
Ongoing Fees and Expenses (periodic charges) |
In addition to any Partial Surrender Fee and transaction charges, an investment in the policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance under the policy and the cost of optional benefits available under the policy, and such fees and expenses are set based on characteristics of the Insured (e.g., age, sex, and rating classification), see Standard Policy Charges and Policy Riders and Rider Charges. Please refer to the Policy Specification Pages of your policy for rates applicable to the policy. | ||
These fees and expenses do not reflect investment advisory fees you may pay to a third party financial intermediary from the policy’s Cash Value or from other assets. If such charges were reflected, the fees and expenses would be higher. | |||
A Policy Owner will also bear expenses associated with the underlying mutual funds under the policy, as shown in the following table: | |||
Annual Fee |
Minimum |
Maximum | |
Investment options (underlying mutual fund fees and expenses) |
|
| |
1 |
RISKS |
Risk of Loss |
|
Not a Short-Term Investment |
|
Risks Associated with Investment Options |
|
RISKS |
Insurance Company Risks |
|
Policy Lapse |
|
RESTRICTIONS | |
Investments |
|
Optional Benefits |
|
TAXES | |
Tax Implications |
|
CONFLICTS OF INTEREST | |
Investment Professional Compensation |
|
CONFLICTS OF INTEREST | |
Exchanges |
|
Transaction Fees | |||
Charge |
When Charge is Deducted |
Amount Deducted | |
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Maximum: | |
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Maximum: applied to create an Index Segment |
Currently: applied to create an Index Segment |
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|
Maximum: $ |
Currently: $ |
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|
Maximum: lesser of $ of the amount surrendered from the policy's Cash Value |
Currently: $ |
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| ||
CI Administrative Charge |
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Maximum: $ |
Currently: $ |
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| ||
CRI Administrative Charge |
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Maximum: $ |
Currently: $ |
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| ||
TI Administrative Charge |
|
Maximum: $ |
Currently: $ |
Rider Charge |
|
Maximum: $ Unadjusted Accelerated Death Benefit Payment |
Minimum: $ Unadjusted Accelerated Death Benefit Payment |
Transaction Fees | |||
Charge |
When Charge is Deducted |
Amount Deducted |
Representative: an Insured of any age or sex, an assumed life expectancy of 1 year, an assumed interest rate of 5% and a risk charge of 5%. |
Upon invoking the Rider |
$100 per $1,000 of TI Unadjusted Accelerated Death Benefit Payment |
|
|
Maximum: $ of Cash Value |
Minimum: $ of Cash Value |
Representative: an Attained Age 85 Insured with a Cash Value of $500,000,assuming the guideline premium/cash value corridor life insurance qualification test is elected |
Upon invoking the Rider |
$32 per $1,000 of Cash Value |
Periodic Charges Other Than Annual Portfolio Company Expenses | |||
Base Contract Charges | |||
Charge |
When Charge is Deducted |
Amount Deducted | |
|
|
Maximum during the No- Lapse Guarantee Period: $ Amount At Risk Maximum after the No- Lapse Guarantee Period: $83.34 per $1,000 of Net Amount At Risk |
Minimum during the No- Lapse Guarantee Period: $ Amount At Risk Minimum after the No- Lapse Guarantee Period: $0.13 per $1,000 of Net Amount At Risk |
Representative: an age 35 male preferred non-tobacco with a Base Policy Specified Amount of $500,000 and Death Benefit Option 1, guaranteed to age 65 |
Monthly |
$0.00 per $1,000 of Net Amount At Risk in the first policy year during the No-Lapse Guarantee Period $0.35 per $1,000 of Net Amount At Risk in the first policy year after the No-Lapse Guarantee Period |
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Maximum: Accounts for all policy years | |
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|
Maximum: $ Base Policy Specified Amount |
Minimum: $ Base Policy Specified Amount |
Representative: an Issue Age of 35, in the first policy year, male preferred non- tobacco with a Base Policy Specified Amount of $500,000, and Death Benefit Option 1; guaranteed to age 65 |
Monthly |
$0.1170 per $1,000 of Base Policy Specified Amount during the No-Lapse Guarantee Period $0.05 per $1,000 of Base Policy Specified Amount after the No-Lapse Guarantee Period |
|
|
Maximum: Policy Years 1-5: Policy Years 6+: | |
|
|
Maximum: | |
Optional Benefit Charges | |||
Charge |
When Charge is Deducted |
Amount Deducted | |
|
|
Maximum: $ Long-Term Care Specified Amount |
Minimum: $ Long-Term Care Specified Amount |
Representative: an Attained Age 35 male preferred non-tobacco with an elected benefit percentage of 4% |
Monthly |
$0.08 per $1,000 of Long Term Care Rider Specified Amount |
Annual Underlying Mutual Fund Expenses | ||
|
Minimum |
Maximum |
|
|
|
Nationwide believes that the indexed interest options are in substantial compliance with the conditions set forth in Section 989J(a) (1) – (3) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and, therefore, qualify for an exemption from registration under the federal securities laws. As Nationwide general account options, the values of the indexed interest options do not vary according to the performance of a separate account. In addition, the products in which the indexed interest options are offered satisfy standard non- forfeiture laws applicable to life insurance. Accordingly, Nationwide believes it has a reasonable basis for concluding that the indexed interest options provide sufficient guarantees of principal and interest through Nationwide’s General Account to qualify for the exclusion from the Securities Act of 1933 provided by Section 3(a)(8). |
Trading Behavior |
Nationwide's Response |
Six or more transfer events in one calendar quarter |
Nationwide will mail a letter to the Policy Owner notifying them that: (1)they have been identified as engaging in harmful trading practices; and (2)if their transfer events exceed 11 in two consecutive calendar quarters or 20 in one calendar year, the Policy Owner will be limited to submitting transfer requests via U.S. mail. |
More than 11 transfer events in two consecutive calendar quarters OR More than 20 transfer events in one calendar year |
Nationwide will automatically limit the Policy Owner to submitting transfer requests via U.S. mail. |
Name of Benefit |
Purpose |
Is Benefit Standard or Optional |
Brief Description of Restrictions/Limitations |
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Name of Benefit |
Purpose |
Is Benefit Standard or Optional |
Brief Description of Restrictions/Limitations |
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Name of Benefit |
Purpose |
Is Benefit Standard or Optional |
Brief Description of Restrictions/Limitations |
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SApost |
= |
SApre – Upmt * SARF |
Where: |
|
|
SApost |
= |
Base Policy Specified Amount after payment of CI Accelerated Death Benefit Payment |
SApre |
= |
Base Policy Specified Amount prior to payment of CI Accelerated Death Benefit Payment |
UPmt |
= |
CI Unadjusted Accelerated Death Benefit Payment |
SARF |
= |
Base Policy Specified Amount reduction factor |
PRP |
= |
SApost / SApre |
Where: |
|
|
PRP |
= |
CI Proportional Reduction Percentage |
SApost |
= |
Base Policy Specified Amount after payment of CI Accelerated Death Benefit Payment |
SApre |
= |
Base Policy Specified Amount prior to payment of CI Accelerated Death Benefit Payment |
ADB |
= |
[UPmt] – [AC + (1 – PRP) x OPL + UP] |
Where: |
|
|
ADB |
= |
CI Accelerated Death Benefit Payment |
UPmt |
= |
CI Unadjusted Accelerated Death Benefit Payment |
AC |
= |
Administrative Charge |
PRP |
= |
CI Proportional Reduction Percentage |
OPL |
= |
Indebtedness on the date the benefit is calculated |
UP |
= |
any unpaid Premium which is the amount of any Premium that might be due or payable if the policy is in a Grace Period on the date the benefit is calculated |
CVpost |
= |
CVpre x PRP |
Where: |
|
|
CVpost |
= |
Cash Value after payment of CI Accelerated Death Benefit Payment |
CVpre |
= |
Cash Value prior to payment of CI Accelerated Death Benefit Payment |
PRP |
= |
CI Proportional Reduction Percentage |
Example: | ||
Assume the Base Policy Specified Amount is $500,000 and the CI Unadjusted Accelerated Death Benefit Payment is $100,000. Also assume a Cash Value of $40,000, Indebtedness in the amount of $10,000, unpaid Premium of $500 and a Rider administrative charge of $250. The Base Policy Specified Amount reduction factor in this example is 1.5. | ||
Using the above assumptions, the CI Accelerated Death Benefit Payment, the actual net benefit amount that Nationwide will pay, and reduction to the Base Policy Specified Amount and Cash Value are calculated as follows: | ||
1. Calculate the Base Policy Specified Amount after payment of the CI Accelerated Death Benefit Payment: | ||
SApost |
= |
$500,000 - $100,000 x 1.5 |
|
= |
$350,000 |
2. Calculate the CI Proportional Reduction Percentage: | ||
PRP |
= |
[($500,000 – $100,000 x 1.5) / $500,000 |
Example: | ||
|
|
$350,000 / $500,000 |
|
|
0.7 |
3. Calculate the CI Accelerated Death Benefit Payment: | ||
ADB |
= |
$100,000 – [$250 + (1 – 0.7) x $10,000+ $500] |
ADB |
= |
$100,000 – [$250 + $3,000 + $500] |
ADB |
= |
$100,000 – $3,750 |
ADB |
= |
$96,250 |
4. Calculate the Cash Value after payment of the CI Accelerated Death Benefit Payment: | ||
CVpost |
= |
$40,000 x 0.7 |
|
= |
$28,000 |
SApost |
= |
SApre – Upmt * SARF |
Where: |
|
|
SApost |
= |
Base Policy Specified Amount after payment of CRI Accelerated Death Benefit Payment |
SApre |
= |
Base Policy Specified Amount prior to payment of CRI Accelerated Death Benefit Payment |
UPmt |
= |
CRI Unadjusted Accelerated Death Benefit Payment |
SARF |
= |
Base Policy Specified Amount reduction factor |
PRP |
= |
SApost / SApre |
Where: |
|
|
PRP |
= |
CRI Proportional Reduction Percentage |
SApost |
= |
Base Policy Specified Amount after payment of CRI Accelerated Death Benefit Payment |
SApre |
= |
Base Policy Specified Amount prior to payment of CRI Accelerated Death Benefit Payment |
ADB |
= |
[UPmt] – [AC + (1 – PRP) x OPL + UP] |
Where: |
|
|
ADB |
= |
CRI Accelerated Death Benefit Payment |
UPmt |
= |
CRI Unadjusted Accelerated Death Benefit Payment |
AC |
= |
Administrative Charge |
PRP |
= |
CRI Proportional Reduction Percentage |
OPL |
= |
Indebtedness on the date the benefit is calculated |
UP |
= |
any unpaid Premium which is the amount of any Premium that might be due or payable if the policy is in a Grace Period on the date the benefit is calculated |
CVpost |
= |
CVpre x PRP |
Where: |
|
|
CVpost |
= |
Cash Value after payment of CRI Accelerated Death Benefit Payment |
CVpre |
= |
Cash Value prior to payment of CRI Accelerated Death Benefit Payment |
PRP |
= |
CRI Proportional Reduction Percentage |
Example: | ||
Assume the Base Policy Specified Amount is $500,000 and the CRI Unadjusted Accelerated Death Benefit is $20,000. Also assume a Cash Value of $80,000, Indebtedness in the amount of $10,000, unpaid Premium of $500 and a Rider administrative charge of $250. The Base Policy Specified Amount reduction factor in this example is 3.5. | ||
Using the above assumptions, the CRI Accelerated Death Benefit Payment, the actual net benefit amount that Nationwide will pay, and reduction to the Base Policy Specified Amount and Cash Value are calculated as follows: | ||
1. Calculate the Base Policy Specified Amount after payment of the CRI Accelerated Death Benefit Payment | ||
SApost |
= |
$500,000 - $20,000 x 3.5 |
|
|
$430,000 |
2. Calculate the CRI Proportional Reduction Percentage: | ||
PRP |
= |
[($500,000 – $20,000 x 3.5) / $500,000 |
Example: | ||
|
|
$430,000 / $500,000 |
|
|
0.86 |
3. Calculate the CRI Accelerated Death Benefit Payment: | ||
ADB |
= |
$20,000 – [$250 + (1 – 0.86) x $10,000+ $500] |
ADB |
= |
$20,000 – [$250 + $1,400 + $500] |
ADB |
= |
$20,000 – $2,150 |
ADB |
= |
$17,850 |
4. Calculate the Cash Value after payment of the CRI Accelerated Death Benefit Payment: | ||
CVpost |
= |
$80,000 x 0.86 |
|
|
$68,800 |
ADB |
= |
[RP (SA)] – [RC + (RP x OPL) + UP + AEC] |
Where: |
| |
ADB |
= |
TI Accelerated Death Benefit Payment |
RP |
= |
Requested Percentage |
SA |
= |
Base Policy Specified Amount at the time the benefit is calculated |
RC |
= |
Rider charge |
OPL |
= |
outstanding policy loans on the date the benefit is calculated |
UP |
= |
any unpaid Premium which is the amount of any Premium that might be due or payable if the policy is in a Grace Period on the date the benefit is calculated |
AEC |
= |
Administrative Expense Charge |
Example: | ||
Assume the Base Policy Specified Amount is $100,000, the Cash Value (CV) is $42,000, and the Requested Percentage (RP) of the Base Policy Specified Amount is 50%. Also assume Indebtedness in the amount of $10,000, unpaid Premium of $500, an aggregate Rider charge of $3,500, and an Administrative Expense Charge of $250. | ||
Using the above assumptions, here is how the TI Accelerated Death Benefit (ADB) would be calculated. | ||
ADB |
= |
[50% x $100,000)] – [$3,500 + (50% x $10,000) + $500 + $250] |
ADB |
= |
[$50,000] – [$3,500 + $5,000 + $500 + $250] |
ADB |
= |
[$50,000] – [$9,250] |
ADB |
= |
$40,750 |
| ||
The reduction factor for calculating the remaining Base Policy Specified Amount and Cash Value is calculated as (1 – RP). (1 - .5) = .5 | ||
| ||
.5 x $100,000 = $50,000 the remaining Base Policy Specified Amount | ||
.5 x $42,000 = $21,000 the remaining Cash Value | ||
|
Example: |
Assume the Long-Term Care Rider Specified Amount is $400,000 and the elected percentage is 3%. If the invocation requirements below are satisfied and the 90-day elimination period has been satisfied, the Policy Owner can choose a monthly benefit up to 3% of the LTC Specified Amount ($400,000 x 3% = $12,000). If there is no Indebtedness, this monthly benefit will be paid until either the Insured no longer meets the eligibility requirements or the entire $400,000 has been paid. If there is Indebtedness, monthly benefits will end when the accumulated benefits become greater than or equal to the Base Policy Specified Amount minus Indebtedness. |
Example: |
Assume a policy issued as follows: |
• Cash value accumulation life insurance qualification test |
• Attained Age 77 |
• Policy in its 23rd policy year |
• Death Benefit Option 2 |
• Base Policy Specified Amount: $500,000 |
• Indebtedness: $195,000 |
• Long-term care benefits paid: $120,000 |
• Cash Value: $375,000 |
• Applicable age-based factor for determining rider charge: 14.7% |
Using the above assumptions, a decision to invoke the Rider would impact the policy as follows: |
(1) Death benefit option will be changed from Death Benefit Option 2 to Death Benefit Option 1. |
(2) The one-time charge for invoking the rider will be $55,125 ($375,000 x 14.7%) and will be deducted from the Cash Value, reducing it to $319,875. |
(3) The Base Policy Specified Amount will be reduced to $390,315 as this is the Minimum Required Death Benefit. |
(4) The non-loaned Cash Value ($319,875 - $195,000 = $124,875) will be transferred to the Fixed Account where it will earn at least the minimum guaranteed fixed interest rate. |
(5) The policy loan account ($195,000) will continue to earn interest at the policy's loan crediting rate. |
Example: |
(6) The indebtedness ($195,000) will continue to grow at the policy's loan charged rate. |
Example: |
Policy Owner elects to participate in Dollar Cost Averaging and has transferred $25,000 to the available money market fund, which will serve as the source investment option for her Dollar Cost Averaging program. She would like the Dollar Cost Averaging transfers to be allocated as follows: $500 to Sub-Account L and $1,000 to Sub-Account M. Each month, Nationwide will automatically transfer $1,500 from the money market fund and allocate $1,000 to Sub-Account M and $500 to Sub-Account L. |
Example: |
Policy Owner elects to participate in Asset Balancing and has instructed his Cash Value be allocated as follows and rebalanced on a quarterly basis: 40% to Sub-Account A, 40% to Sub-Account B, and 20% to Sub-Account C. Each quarter, Nationwide will automatically rebalance Policy Owner’s Cash Value by transferring Cash Value among the three elected Sub-Accounts so that his 40%/40%/20% allocation remains intact. |
Example: |
Assume: |
• Policy Issue Age was 45. |
• Owner paid Premiums totaling $490,000 during the first 25 policy years. |
• Just prior to policy year 26 (Attained Age 70) the policy’s Cash Value is just over $1,000,000 and the Investment in the Contract is $490,000. |
• The owner completes an Automated Income Monitor election form and chooses a 5% gross rate of return, a goal of $100,000 Cash Surrender Value at Attained Age 95 and the Fixed Duration option for 25 years. |
• The first AIM In Force illustration is run that solves for an annual income amount at an assumed 5% gross rate of return and a goal of at least $100,000 of Cash Surrender Value at Attained Age 95. The result of the solve is an annual income amount of $66,720. |
Example: |
A partial surrender of $66,720 will be processed and sent to the owner. Each year thereafter, if the Automated Income Monitor program has not been terminated, another illustration will be run with the same assumptions and income solve. The appropriate partial surrender amount based on each solve will be processed. This will continue until the entire $490,000 Investment in the Contract has been distributed through partial surrenders, then the income amounts will be processed as loans. |
Example: |
Assume a policy is issued as follows: |
• Base Policy Specified Amount: $500,000 |
• Initial Premium: $45,000 |
• The planned Premium is $45,000 annually for 6 additional years |
• Adjusted Cash Value on the Policy Date: $42,300 |
• Policy is 100% allocated to the Sub-Accounts, and on the date of the first scheduled Investment Advisory Policy Loan, the total Sub-Account value is $43,000. |
• The Policy Owner and the investment adviser have completed an authorization for an investment advisory policy loan to be processed for 0.09% of the total Sub-Account value each month. |
The investment advisory policy loans would work as follows: |
• Because the initial Adjusted Cash Value was $42,300 on the Policy Date, the maximum investment advisory policy loan amount for the first Policy Year will be $634.50 ($42,300 x 1.5%). |
Example: |
• The first investment advisory policy loan is processed for $38.70 ($43,000 x 0.09%). The $38.70 is paid to the investment adviser per the authorization. The policy now has an Indebtedness of $38.70. Also, $38.70 has been transferred from the Sub-Accounts (proportionately, unless the Policy Owner requests transfer from a single Sub-Account) to the investment advisory policy loan account. |
• Each month thereafter, an additional investment advisory policy loan is processed for an amount equal to the total Sub-Account value on that date multiplied by 0.09% (as long as the total for the Policy Year does not exceed the $634.50 maximum and the total Indebtedness does not exceed the maximum stated in the policy). |
• At the end of the first Policy Year, assume a total of $464.40 in investment advisory policy loans have been processed and paid to the investment adviser. The Indebtedness at the end of the Policy Year is $472.83 because $8.43 of loan interest has accrued during the year ($464.40 + $8.43 = $472.83). At this point the Death Benefit Proceeds provided by the policy would be reduced by the $472.83 Indebtedness. |
• At the beginning of the second Policy Year, the Policy Owner pays the planned Premium of $45,000 and it is applied to the policy. Since Premiums for this product will always be applied as an investment advisory policy loan repayment first, $472.83 of the $45,000 is applied as a loan repayment and the rest is applied as a Premium. The Indebtedness becomes $0 and the funds in the investment advisory policy loan account are transferred out and applied as Net Premium. |
• During the second Policy Year, the investment advisory policy loans continue to be processed monthly as scheduled unless limits are reached. As long as Premiums are paid they will always be applied to any investment advisory policy loan Indebtedness first. If the Policy Owner stops applying Premiums after Policy Year 7 as planned, and also chooses to not pay any loan repayments, the investment advisory policy loan Indebtedness will continue to grow as new investment advisory policy loans are taken and as charged interest accrues. The Death Benefit Proceeds would be reduced by the total Indebtedness. |
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This Sub-Account is only available in policies issued before May 1, 2023 Investment Advisor: |
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This Sub-Account is only available in policies issued before May 1, 2023 Investment Advisor: Subadvisor: |
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This Sub-Account is only available in policies issued before May 1, 2022 Investment Advisor: |
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Type |
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This Sub-Account is only available in policies issued before May 1, 2023 Investment Advisor: |
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This Sub-Account is only available in policies issued before August 19, 2022 Investment Advisor: |
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Type |
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Current Expenses |
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Type |
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This Sub-Account is only available in policies issued before May 1, 2024 Investment Advisor: Subadvisor: |
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Type |
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Current Expenses |
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1 year |
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This Sub-Account is only available in policies issued before May 1, 2024 Investment Advisor: |
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Type |
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Low Cost Sub-Account Fee1 |
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Type |
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Current Expenses |
Low Cost Sub-Account Fee1 |
Current Expenses + Low Cost Sub-Account Fee |
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This Portfolio is only available in policies issued before May 1, 2023 Investment Advisor: |
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Type |
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Current Expenses |
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Current Expenses + Low Cost Sub-Account Fee |
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Type |
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Current Expenses |
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Current Expenses + Low Cost Sub-Account Fee |
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State |
State Law Variations |
California |
• Right to Cancel – 30 day right to examine and cancel. Refund of the Cash Value in full, without any deductions for any applicable policy fees. Net Premium will be placed in the Fixed Account or a money-market Sub-Account, unless directed otherwise. If invested in the Variable Account, refund will be the policy’s Cash Value, plus any policy fees paid. • Partial Surrender Fee does not apply. • Service Fee – The guaranteed maximum service fee is $5.00. • Long-Term Care Rider II – Loans and partial surrenders are permitted to be taken from the policy while the Rider benefit is being paid. • Accelerated Death Benefit for Critical Illness Rider is not available. |
Florida |
• Additional Premium – Nationwide cannot increase the Minimum Additional Premium. • Asset Rebalancing – The number of Sub-Accounts and frequencies available for election are not limited. • Specified Amount Decreases – Nationwide cannot change the minimum amount of the Specified Amount Decrease for the Policy. • Nationwide cannot discontinue Specified Amount decreases at any time. • Nationwide cannot place restrictions on assignment. |
North Dakota |
• The Suicide provision for the Accelerated Death Benefit for Terminal Illness Rider and Long-Term Care Rider II is limited to one year. |
State |
Premium Tax |
Alabama |
2.300 % |
Alaska |
2.700 % |
Arizona |
1.750 % |
Arkansas |
2.500 % |
California |
2.350 % |
Colorado |
2.000 % |
Connecticut |
1.500 % |
Delaware |
2.000 % |
District of Columbia |
1.700 % |
Florida |
1.750 % |
Georgia |
2.250 % |
Hawaii |
2.750 % |
Idaho |
1.500 % |
Illinois |
*1.400 % |
Indiana |
*1.400 % |
Iowa |
*1.400 % |
Kansas |
2.000 % |
Kentucky |
1.500 % |
State |
Premium Tax |
Louisiana |
2.250 % |
Maine |
2.000 % |
Maryland |
2.000 % |
Massachusetts |
2.000 % |
Michigan |
*1.400 % |
Minnesota |
1.500 % |
Mississippi |
3.000 % |
Missouri |
2.000 % |
Montana |
2.750 % |
Nebraska |
*1.400 % |
Nevada |
3.500 % |
New Hampshire |
*1.400 % |
New Jersey |
2.100 % |
New Mexico |
3.003 % |
New York |
*1.400 % |
North Carolina |
1.900 % |
North Dakota |
2.000 % |
Ohio |
1.400 % |
State |
Premium Tax |
Oklahoma |
2.250 % |
Oregon |
*1.400 % |
Pennsylvania |
2.000 % |
Rhode Island |
2.000 % |
South Carolina |
*1.400 % |
South Dakota |
2.500 % |
Tennessee |
1.750 % |
Texas |
1.750 % |
State |
Premium Tax |
Utah |
2.250 % |
Vermont |
2.000 % |
Virginia |
2.250 % |
Washington |
2.000 % |
West Virginia |
3.000 % |
Wisconsin |
2.000 % |
Wyoming |
*1.400 % |
|
Reference Index Values – Example 1 | ||
Index A |
Index B |
Index C | |
Sweep Date |
2131.33 |
10709.90 |
1221.34 |
Month 1 |
2187.21 |
10811.60 |
1238.02 |
Month 2 |
2227.01 |
11006.88 |
1260.22 |
Month 3 |
2364.06 |
10703.08 |
1302.35 |
Month 4 |
2263.90 |
11317.54 |
1257.26 |
Month 5 |
2352.82 |
12004.13 |
1351.06 |
Month 6 |
2588.09 |
11342.89 |
1380.90 |
Month 7 |
2362.55 |
11144.06 |
1311.46 |
Month 8 |
2215.51 |
10883.49 |
1267.03 |
Month 9 |
2176.53 |
11102.01 |
1214.62 |
Month 10 |
2219.34 |
11368.24 |
1231.86 |
Month 11 |
2234.46 |
10707.68 |
1286.33 |
Month 12 |
2154.78 |
10488.24 |
1132.89 |
Monthly Average Value (A÷B) |
2278.86 |
11073.32 |
1269.50 |
Reference Index Performance Rate |
6.92 % |
3.39 % |
3.94 % |
|
Reference Index Values – Example 2 | ||
Index A |
Index B |
Index C | |
Sweep Date |
2131.33 |
10709.90 |
1221.34 |
Month 1 |
2111.90 |
10495.30 |
1185.49 |
Month 2 |
2146.28 |
10648.77 |
1195.43 |
Month 3 |
2122.75 |
10507.90 |
1193.81 |
Month 4 |
2151.95 |
10713.47 |
1211.59 |
Month 5 |
2178.14 |
10892.18 |
1227.26 |
Month 6 |
2202.11 |
10992.32 |
1233.72 |
Month 7 |
2238.84 |
11074.46 |
1254.57 |
Month 8 |
2282.31 |
11083.76 |
1265.63 |
Month 9 |
2209.50 |
10905.82 |
1221.11 |
Month 10 |
2216.78 |
11058.97 |
1239.17 |
Month 11 |
2249.03 |
11257.81 |
1250.82 |
Month 12 |
2277.12 |
11460.47 |
1259.35 |
Monthly Average Value (A÷B) |
2198.89 |
10924.27 |
1228.16 |
Reference Index Performance Rate |
3.17 % |
2.00 % |
0.56 % |
|
Reference Index Values – Example 3 | ||
Index A |
Index B |
Index C | |
Sweep Date |
2131.33 |
10709.90 |
1221.34 |
Month 1 |
2088.43 |
10564.18 |
1181.07 |
Month 2 |
2117.44 |
10703.71 |
1191.64 |
Month 3 |
2085.68 |
10564.49 |
1167.54 |
Month 4 |
2117.42 |
10423.29 |
1122.68 |
Month 5 |
2132.62 |
10627.09 |
1130.74 |
Month 6 |
2146.56 |
10672.57 |
1150.77 |
Month 7 |
2148.17 |
10732.57 |
1173.54 |
Month 8 |
2183.15 |
10819.64 |
1178.15 |
Month 9 |
2155.41 |
10876.41 |
1195.83 |
Month 10 |
2190.81 |
10506.11 |
1195.52 |
Month 11 |
2194.98 |
10220.01 |
1175.52 |
Month 12 |
2207.44 |
10366.71 |
1196.60 |
Monthly Average Value (A÷B) |
2147.34 |
10589.73 |
1171.63 |
Reference Index Performance Rate |
0.75 % |
-1.12 % |
-4.07 % |
|
Reference Index Value | ||
Example 1 |
Example 2 |
Example 3 | |
Sweep Date |
1775.32 |
1775.32 |
1775.32 |
Index Segment Maturity Date |
2350.70 |
1819.20 |
1740.88 |
Reference Index Performance Rate |
32.41 % |
2.47 % |
-1.94 % |
|
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4 |
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|
President and Chief Operating Officer and Director |
Carter, John L. |
Executive Vice President-Chief Human Resources Officer |
Clements, Vinita J. |
Executive Vice President-Chief Technology Officer |
Fowler, James R. |
Executive Vice President and Director |
Frommeyer, Timothy G. |
Executive Vice President-Chief Legal Officer |
Howard, Mark S. |
Executive Vice President-Chief Marketing Officer |
Jones, Ramon |
Executive Vice President-Chief Customer, Strategy and Innovation Officer |
Mahaffey, Michael W. |
Executive Vice President-Chief Transformation Officer |
Shore, Amy T. |
Senior Vice President-NF Strategic Customer Solutions |
Ambrozy, Tina S. |
Senior Vice President-Strategic Planning |
Amodeo, Daniel W. |
Senior Vice President-Marketing Management - Financial Services |
Bair, Ann S. |
Senior Vice President-Corporate Controller and Chief Accounting Officer |
Benson, James D. |
Senior Vice President-Head of Taxation |
Biesecker, Pamela A. |
Senior Vice President-Marketing Content & Delivery |
Boyd, Michael A. |
Senior Vice President-Legal – NF |
Boyer, John N. |
Senior Vice President-Human Resources – IT & Legal |
Bretz, Angela D. |
Senior Vice President-Chief Technology Officer - Nationwide Financial |
Carrel, Michael W. |
Senior Vice President-Chief Investment Officer |
Coleman, Joel L. |
Senior Vice President-Chief Compliance Officer |
Dankovic, Rae Ann |
Senior Vice President-Chief Risk Officer |
Diem, Klaus K. |
Senior Vice President-External Affairs |
English, Steven M. |
Senior Vice President-Trial Division |
Failor, Scott E. |
Senior Vice President-Chief Financial Officer - Nationwide Financial and Director |
Ginnan, Steven A. |
Senior Vice President-Annuity Distribution |
Guymon, Rona |
Senior Vice President-Retirement Solutions Sales |
Hawley, Craig A. |
Senior Vice President-Nationwide Annuity and Director |
Henderson, Eric S. |
Senior Vice President-Corporate Operations & Litigation Legal |
Innis-Thompson, Janice |
Senior Vice President-Investment Management Group |
Jestice, Kevin T. |
Senior Vice President-Internal Audit |
Jordan, Gregory S. |
Senior Vice President-Chief Innovation and Digital Officer |
Kandhari, Chetan D. |
Senior Vice President-Chief Technology Officer – Technology Strategy, Data & Innovation |
Kolp, Melanie A. |
Senior Vice President and Treasurer |
LaPaul, David |
Senior Vice President-Chief Information Security Officer |
Lukens, Todd |
Senior Vice President-Marketing Management - P&C |
MacKenzie, Jennifer B. |
Senior Vice President-Technology CFO & Procurement |
O'Brien, Kevin G. |
Senior Vice President-Corporate Solutions |
Perez, Juan J. |
Senior Vice President-Talent & Organization Effectiveness |
Pheister, Erin R. |
Senior Vice President-Nationwide Retirement Institute |
Rodriguez, Kristi L. |
Senior Vice President-Corporate Real Estate |
Sherry, Kieran P. |
Senior Vice President-Finance & Strategy Legal and Corporate Secretary |
Skingle, Denise L. |
Senior Vice President-Nationwide Life and Director |
Snyder, Holly R. |
Senior Vice President-Total Rewards |
Sonneman, Christopher Paul |
Senior Vice President-Retirement Solutions |
Stevenson, Eric |
Senior Vice President-Chief Advanced Analytics Officer |
Terry, Shannon |
Senior Vice President-Chief Technology Officer – Property & Casualty |
Vasudeva, Guruprasad C. |
Senior Vice President-Human Resources - NF |
Webster, Cynthia S. |
Director |
Walker, Kirt A. |
Company |
Jurisdiction of Domicile |
Brief Description of Business |
Nationwide Financial Services, Inc. |
Delaware |
The company acts primarily as a holding company for companies within the Nationwide organization that offer or distribute life insurance, long-term savings and retirement products. |
NFS Distributors, Inc. |
Delaware |
The company acts primarily as a holding company for Nationwide Financial Services, Inc. companies. |
Nationwide Financial General Agency, Inc. |
Pennsylvania |
The company is a multi-state licensed insurance agency. |
Nationwide Fund Distributors, LLC |
Delaware |
The company is a limited purpose broker-dealer. |
Nationwide Fund Management, LLC |
Delaware |
The company provides administration, transfer and dividend disbursing agent services to various mutual fund entities. |
Nationwide Retirement Solutions, Inc. |
Delaware |
The company markets and administers deferred compensation plans for public employees. |
Nationwide Securities, LLC |
Delaware |
The company is a general purpose broker-dealer and investment adviser registered with the Securities and Exchange Commission. |
Nationwide Trust Company, FSB |
Federal |
This is a federal savings bank chartered by the Office of Thrift Supervision in the United States Department of Treasury to exercise deposit, lending, agency, custody and fiduciary powers and to engage in activities permissible for federal savings banks under the Home Owners’ Loan Act of 1933. |
Nationwide Financial Services Capital Trust |
Delaware |
The trust’s sole purpose is to issue and sell certain securities representing individual beneficial interests in the assets of the trust |
525 Cleveland Avenue, LLC |
Ohio |
This is a limited liability company organized under the laws of the State of Ohio. The company was formed to provide remedial real property cleanup prior to sale. |
Nationwide Life Insurance Company 2 |
Ohio |
The corporation provides individual life insurance, group and health insurance, fixed and variable annuity products and other life insurance products. |
Jefferson National Life Insurance Company2,3 |
Texas |
The company provides life, health and annuity products. |
Jefferson National Life Annuity Company C2,3 |
|
A separate account issuing variable annuity products. |
Jefferson National Life Annuity Account E2,3 |
|
A separate account issuing variable annuity products. |
Jefferson National Life Annuity Account F2,3 |
|
A separate account issuing variable annuity products. |
Jefferson National Life Annuity Account G2,3 |
|
A separate account issuing variable annuity products. |
Jefferson National Life Insurance Company of New York2,3 |
New York |
The company provides variable annuity products. |
Jefferson National Life of New York Annuity Account 12,3 |
|
A separate account issuing variable annuity products. |
MFS Variable Account2,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Multi-Flex Variable Account2,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account2,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-II2,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-32,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-42,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-52,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-62,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-72,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-82,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-92,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Company |
Jurisdiction of Domicile |
Brief Description of Business |
Nationwide Variable Account-102,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-112,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-122,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-132,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-142,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Variable Account-152,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Provident VA Separate Account 12,3 |
Pennsylvania |
A separate account issuing variable annuity contracts. |
Nationwide VLI Separate Account2,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-22,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-32,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-42,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-52,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-62,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide VLI Separate Account-72,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide Provident VLI Separate Account 12,3 |
Pennsylvania |
A separate account issuing variable life insurance policies. |
Nationwide Investment Services Corporation3 |
Oklahoma |
This is a limited purpose broker-dealer and distributor of variable annuities and variable life products for Nationwide Life Insurance Company and Nationwide Life and Annuity Insurance Company. The company also provides educational services to retirement plan sponsors and its participants. |
Nationwide Financial Assignment Company3 |
Ohio |
The company is an administrator of structured settlements. |
Nationwide Investment Advisors, LLC3 |
Ohio |
The company provides investment advisory services. |
Eagle Captive Reinsurance, LLC3 |
Ohio |
The company is engaged in the business of insurance |
Nationwide Life and Annuity Insurance Company2,3 |
Ohio |
The company engages in underwriting life insurance and granting, purchasing and disposing of annuities. |
Nationwide VA Separate Account-A2,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide VA Separate Account-B2,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide VA Separate Account-C2,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide VA Separate Account-D2,3 |
Ohio |
A separate account issuing variable annuity contracts. |
Nationwide Provident VA Separate Account A2,3 |
Delaware |
A separate account issuing variable annuity contracts. |
Nationwide VL Separate Account-C2,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide VL Separate Account-D2,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide VL Separate Account-G2,3 |
Ohio |
A separate account issuing variable life insurance policies. |
Nationwide Provident VLI Separate Account A2,3 |
Delaware |
A separate account issuing variable life insurance policies. |
Olentangy Reinsurance, LLC3 |
Vermont |
The company is a captive life reinsurance company. |
Nationwide SBL, LLC |
Ohio |
The company is a lender offering securities-back lines of credit. |
Registered Investment Advisors Services, Inc. |
Texas |
The company is a technology company that facilitates third-party money management services for registered investment advisors |
Nationwide Fund Advisors4 |
Delaware |
The trust acts as a registered investment advisor. |
Jefferson National Life Annuity Account C |
Nationwide Variable Account-14 |
Jefferson National Life Annuity Account E |
Nationwide Variable Account-15 |
Jefferson National Life Annuity Account F |
Nationwide VA Separate Account-A |
Jefferson National Life Annuity Account G |
Nationwide VA Separate Account-B |
Jefferson National Life of New York Annuity Account 1 |
Nationwide VA Separate Account-C |
MFS Variable Account |
Nationwide VA Separate Account-D |
Multi-Flex Variable Account |
Nationwide VLI Separate Account |
Nationwide Variable Account |
Nationwide VLI Separate Account-2 |
Nationwide Variable Account-II |
Nationwide VLI Separate Account-3 |
Nationwide Variable Account-3 |
Nationwide VLI Separate Account-4 |
Nationwide Variable Account-4 |
Nationwide VLI Separate Account-5 |
Nationwide Variable Account-5 |
Nationwide VLI Separate Account-6 |
Nationwide Variable Account-6 |
Nationwide VLI Separate Account-7 |
Nationwide Variable Account-7 |
Nationwide VL Separate Account-C |
Nationwide Variable Account-8 |
Nationwide VL Separate Account-D |
Nationwide Variable Account-9 |
Nationwide VL Separate Account-G |
Nationwide Variable Account-10 |
Nationwide Provident VA Separate Account 1 |
Nationwide Variable Account-11 |
Nationwide Provident VA Separate Account A |
Nationwide Variable Account-12 |
Nationwide Provident VLI Separate Account 1 |
Nationwide Variable Account-13 |
Nationwide Provident VLI Separate Account A |
President and Director |
Ambrozy, Tina S. |
Senior Vice President-Head of Taxation |
Biesecker, Pamela A. |
Senior Vice President and Secretary |
Skingle, Denise L. |
Vice President-Tax |
Eppley, Daniel P. |
Vice President and Assistant Secretary |
Garman, David A. |
Vice President-Chief Compliance Officer |
Rabenstine, James J. |
Vice President-CFO – Life Insurance |
Wild, Keith D. |
Associate Vice President and Treasurer |
Roswell, Ewan T. |
Associate Vice President and Assistant Treasurer |
Hacker, Hope C. |
Associate Vice President and Assistant Treasurer |
Reese, John A. |
Associate Vice President and Assistant Treasurer |
Walker, Tonya G. |
Assistant Secretary |
Bowman, Heidi |
Assistant Secretary |
Dokko, David |
Assistant Secretary |
Hartman, Mark E. |
Director |
Henderson, Eric S. |
Director |
Stevenson, Eric |
Name of Principal Underwriter |
Net Underwriting Discounts |
Compensation on Redemption |
Brokerage Commissions |
Other Compensation |
Nationwide Investment Services Corporation |
N/A |
N/A |
N/A |
N/A |
Nationwide VL Separate Account-G |
(Registrant) |
Nationwide Life and Annuity 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 |