# EDGAR Filing Document

**Accession Number:** 0001040376
**File Stem:** 0001193125-26-180120
**Filing Date:** 2026-4
**Character Count:** 2575195
**Document Hash:** a1111fe5675cb2beb987522104ba4896
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-180120.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001193125-26-180120

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**EFFECTIVENESS DATE**: 20260501

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONWIDE VARIABLE ACCOUNT 9
- **CENTRAL INDEX KEY:** 0001040376

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08241
- **FILM NUMBER:** 26897609

**BUSINESS ADDRESS:**
- **STREET 1:** NATIONWIDE LIFE INSURANCE CO
- **STREET 2:** ONE NATIONWIDE PLAZA
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-249-7111

**MAIL ADDRESS:**
- **STREET 1:** NATIONWIDE LIFE INSURANCE CO
- **STREET 2:** ONE NATIONWIDE PLAZA
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONWIDE VARIABLE ACCOUNT 9
- **CENTRAL INDEX KEY:** 0001040376

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-28995
- **FILM NUMBER:** 26897608

**BUSINESS ADDRESS:**
- **STREET 1:** NATIONWIDE LIFE INSURANCE CO
- **STREET 2:** ONE NATIONWIDE PLAZA
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-249-7111

**MAIL ADDRESS:**
- **STREET 1:** NATIONWIDE LIFE INSURANCE CO
- **STREET 2:** ONE NATIONWIDE PLAZA
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

## Series and Classes Contracts Data

### NATIONWIDE VARIABLE ACCOUNT-9 (Series ID: S000009102)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000024720 | The Best of America America's FUTURE Annuity          |  |
| C000024727 | Key Bank The Best of America America's FUTURE Annuity |  |
| C000024728 | NEA Valuebuilder Future                               |  |
| C000024729 | Waddell & Reed Advisors Select Plus Annuity           |  |
| C000024730 | America's Future Horizon Annuity                      |  |
| C000024731 | The BB&T Future Annuity                               |  |

As filed with the Securities and Exchange Commission on April 27, 2026

**UNITED STATES** <br>**SECURITIES AND EXCHANGE COMMISSION** <br>**WASHINGTON, D.C. 20549**

**FORM N-4**

**REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933**File No. **333-28995**

Pre-Effective Amendment No.

☐

Post-Effective Amendment No. 64

☒

and/or

**REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940**File No. **811-08241**

Amendment No. 201

☒

(Check appropriate box or boxes.)

**Nationwide Variable Account-9**

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(Exact Name of Registered Separate Account)

**Nationwide Life Insurance Company**

------

(Name of Insurance Company)

**One Nationwide Plaza, Columbus, Ohio 43215**

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(Address of Insurance Company's Principal Executive Offices) (Zip Code)

**(614) 249-7111**

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Insurance Company's Telephone Number, including Area Code

**Denise L. Skingle, Senior Vice President and Secretary** <br>**One Nationwide Plaza, Columbus, Ohio 43215**

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(Name and Address of Agent for Service)

**May 1, 2026**

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Approximate Date of Proposed Public Offering

**It is proposed that this filing will become effective (check appropriate box):**

☐ immediately upon filing pursuant to paragraph (b)

☒ on May 1, 2026 pursuant to paragraph (b)

☐ 60 days after filing pursuant to paragraph (a)(1)

☐ on (date) pursuant to paragraph (a)(1) of rule 485 under the Securities Act of 1933 ("Securities Act")

**If appropriate, check the following box:**

☐ this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

**Check each box that appropriately characterizes the Registrant:**

☐ New Registrant (as applicable, a Registered Separate Account or Insurance Company that has not filed a Securities Act registration statement or amendment thereto within 3 years preceding this filing)

------

☐ Emerging Growth Company (as defined by Rule 12b-2 under the Securities Exchange Act of 1934 ("Exchange Act"))

☐ If an Emerging Growth Company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act

☐ Insurance Company relying on Rule 12h-7 under the Exchange Act

☐ Smaller reporting company (as defined by Rule 12b-2 under the Exchange Act)

------

**The Best of America**<sup>®</sup> **America's FUTURE Annuity**<sup>®</sup>

**Individual Modified Single Premium Deferred Variable Annuity Contracts** 

Issued by

**Nationwide Life Insurance Company** 

through its

**Nationwide Variable Account-9** 

The date of this prospectus is May 1, 2026.

This prospectus contains important information about the contracts that should be understood before investing. Read this prospectus carefully and keep it for future reference. The contract described in this prospectus is no longer available for purchase.

Variable annuities are complex investment products and involve risks, including the potential loss of principal. The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals under the contract could result in Contingent Deferred Sales Charges, taxes, and tax penalties.

Variable annuities have unique benefits and advantages that may be particularly useful in meeting long-term savings and retirement needs. There are costs and charges associated with these benefits and advantages - costs and charges that are different, or do not exist at all, within other investment products. With help from financial professionals, investors are encouraged to compare and contrast the costs and benefits of the variable annuity described in this prospectus against those of other investment products, especially other variable annuity and variable life insurance products offered by Nationwide and its affiliates. Nationwide offers a wide array of such products, many with different charges, benefit features, and investment options. This process of comparison and analysis should aid in determining whether the purchase of the contract described in this prospectus is consistent with the purchaser's investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and other personal characteristics and needs.

Variable annuities are not insured by the Federal Deposit Insurance Corporation or any other federal government agency, and are not deposits of, guaranteed by, or insured by the depository institution where offered or any of its affiliates. The SEC has not approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. Additional information about certain investment products, including variable annuities, has been prepared by the SEC's staff and is available at Investor.gov.

The investment options available under the contract consist of Sub-Accounts that invest in underlying mutual funds, which offer a variable rate of return, a Fixed Account, which offers a fixed rate of return, and Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025), which offer an enhanced rate of return subject to a market value adjustment. Additional information about the investment options is available in *Appendix A: Investment Options Available Under the Contract.* <br>

This contract contains features that apply credits to the Contract Value. The benefit of the credits may be more than offset by the additional fees that the Contract Owner will pay in connection with the credits. A contract without credits may cost less. Additionally, with respect to the Extra Value Option, the cost of electing the option and the recapture of the credits (in the event of a withdrawal) could exceed any benefit of receiving the Extra Value Option credits.

**The availability of investment options, contract benefits, or other contract features described in this prospectus may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations* for additional information).**

**Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract and decide if they want to keep it or cancel it. This right is referred to as a "free look" right. The length of this time period depends on state law and may vary depending on whether the purchase is a replacement of another annuity contract. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date (see *Right to Examine and Cancel* and *Contacting the Service Center*).**

**If the Contract Owner elects to cancel the contract pursuant to the free look provision, where required by law, Nationwide will return the greater of the Contract Value or the amount of purchase payment(s) applied during the free look period, less any Extra Value Option credits, withdrawals from the contract, and applicable federal and** 

------

**state income tax withholding. Otherwise, Nationwide will return the Contract Value, less any Extra Value Option credits, withdrawals from the contract, and applicable federal and state income tax withholding (see *Right to Examine and Cancel*).**

All guarantees under the contract are subject to Nationwide's creditworthiness and claims-paying ability.

------

**Glossary of Special Terms** 

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Accumulation Unit** – An accounting unit of measure used to calculate the Contract Value allocated to the Variable <br> Account before the Annuitization Date.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Annuitant** – The person(s) whose length of life determines how long annuity payments are paid. The Annuitant must <br> be living on the date the contract is issued.<br>|
| **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. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Co-Annuitant** – The person designated by the Contract Owner to receive the benefit associated with the Spousal <br> Protection Feature.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Contingent Annuitant** – The individual who becomes the Annuitant if the Annuitant dies before the Annuitization <br> Date.<br>|
| **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. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Contract Value** – The value of all Accumulation Units in a contract plus any amount held in the Fixed Account, the <br> GTOs, and the collateral fixed account.<br>|
| **Contract Year** – Each year the contract is in force beginning with the date the contract is issued. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Daily Net Assets** – A figure that is calculated at the end of each Valuation Date and represents the sum of all the <br> Contract Owners interests in the Sub-Accounts after the deduction of underlying mutual fund expenses.<br>|
| **ERISA** – The Employee Retirement Income Security Act of 1974, as amended. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Fixed Account** – An investment option that is funded by Nationwide's General Account. Amounts allocated to the <br> Fixed Account will receive periodic interest subject to a guaranteed minimum crediting rate.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **General Account** – All assets of Nationwide other than those of the Variable Account or in other separate accounts of <br> Nationwide.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Guaranteed Term Options ("GTOs")** – Investment options that provide a guaranteed fixed interest rate paid over <br> specific term duration and contain a market value adjustment feature. Guaranteed Term Options are referred to as <br> Target Term Options in some states.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Individual Retirement Account** – An account that qualifies for favorable tax treatment under Section 408(a) of the <br> Internal Revenue Code, but does not include Roth IRAs.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Individual Retirement Annuity or IRA** – An annuity contract that qualifies for favorable tax treatment under Section <br> 408(b) of the Internal Revenue Code, but does not include Roth IRAs or Simple IRAs.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Investment-Only Contract** – A contract purchased by a qualified pension, profit-sharing, or stock bonus plan as <br> defined by Section 401(a) of the Internal Revenue Code.<br>|
| **Nationwide** – Nationwide Life Insurance Company. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net Asset Value** – The value of one share of an underlying mutual fund at the close of regular trading on the New <br> York Stock Exchange.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Non-Qualified Contract** – A contract which does not qualify for favorable tax treatment as a Qualified Plan, IRA, Roth <br> IRA, SEP IRA, Simple IRA, or Tax Sheltered Annuity.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Qualified Plan** – A retirement plan that receives favorable tax treatment under Section 401 of the Internal Revenue <br> Code, including Investment-Only Contracts. In this prospectus, all provisions applicable to Qualified Plans also apply <br> to Investment-Only Contracts unless specifically stated otherwise.<br>|

---

------

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| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Roth IRA** – An annuity contract that qualifies for favorable tax treatment under Section 408A of the Internal Revenue <br> Code.<br>|
| **SEC** – Securities and Exchange Commission. |
| &nbsp;&nbsp;&nbsp;&nbsp; **SEP IRA** – An annuity contract which qualifies for favorable tax treatment under Section 408(k) of the Internal <br> Revenue Code.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Service Center** – The department of Nationwide responsible for receiving all service and transaction requests relating <br> to the contract. For service and transaction requests submitted other than by telephone (including fax requests), the <br> Service Center is Nationwide's mail and document processing facility. For service and transaction requests <br> communicated by telephone, the Service Center is Nationwide's operations processing facility. Information on how to <br> contact the Service Center is in the *Contacting the Service Center* provision.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Simple IRA** – An annuity contract which qualifies for favorable tax treatment under Section 408(p) of the Internal <br> Revenue Code.<br>|
| **Sub-Accounts** – Divisions of the Variable Account, each of which invests in a single underlying mutual fund. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Target Term Option** – Investment options that are, in all material respects, the same as Guaranteed Term Options. All <br> references in this prospectus to Guaranteed Term Options will also mean Target Term Options (in applicable <br> jurisdictions).<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Tax Sheltered Annuity** – An annuity that qualifies for favorable tax treatment under Section 403(b) of the Internal <br> Revenue Code.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Valuation Date** – Each day the New York Stock Exchange is open for business or any other day during which there is <br> a sufficient degree of trading such that the current Net Asset Value of the underlying mutual fund shares might be <br> materially affected. Values of the Variable Account are determined as of the close of regular trading on the New <br> York Stock Exchange, which generally closes at 4:00 p.m. EST.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Valuation Period** – The period of time commencing at the close of a Valuation Date and ending at the close of <br> regular trading on the New York Stock Exchange for the next succeeding Valuation Date.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Variable Account** – Nationwide Variable Account-9, a separate account that Nationwide established to hold Contract <br> Owner assets allocated to variable investment options. The Variable Account is divided into Sub-Accounts, each of <br> which invests in a separate underlying mutual fund.<br>|

---

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**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
|  | **Page** |
| **[Glossary of Special Terms](#xx_4d45acc0-cf82-4135-8554-89f00bec16ae_1)** | &nbsp;&nbsp; 3 |
| **[Overview of the Contract](#xx_1d3568d6-f4d3-4d5a-ada3-2110fcb49a84_1)** | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Purpose of the Contract](#xx_1d3568d6-f4d3-4d5a-ada3-2110fcb49a84_1) | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Phases of the Contract](#xx_1d3568d6-f4d3-4d5a-ada3-2110fcb49a84_1) | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Features](#xx_1d3568d6-f4d3-4d5a-ada3-2110fcb49a84_1) | &nbsp;&nbsp; 8 |
| **[Important Information You Should Consider About the Contract](#xx_6f7060f8-d75c-4547-9f63-86ca419423a7_1)** | &nbsp;&nbsp; 11 |
| **[Fee Table](#xx_41f8123d-9121-42b3-ba0e-92b756825516_1)** | &nbsp;&nbsp; 14 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Example](#xx_41f8123d-9121-42b3-ba0e-92b756825516_3) | &nbsp;&nbsp; 16 |
| **[Principal Risks](#xx_41f8123d-9121-42b3-ba0e-92b756825516_3)** | &nbsp;&nbsp; 16 |
| **[Nationwide and the Variable Account](#xx_41f8123d-9121-42b3-ba0e-92b756825516_5)** | &nbsp;&nbsp; 18 |
| **[Investment Options](#xx_41f8123d-9121-42b3-ba0e-92b756825516_6)** | &nbsp;&nbsp; 19 |
| &nbsp;&nbsp;&nbsp;&nbsp; [The Sub-Accounts and Underlying Mutual Funds](#xx_41f8123d-9121-42b3-ba0e-92b756825516_6) | &nbsp;&nbsp; 19 |
| &nbsp;&nbsp;&nbsp;&nbsp; [The Fixed Account](#xx_41f8123d-9121-42b3-ba0e-92b756825516_7) | &nbsp;&nbsp; 20 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Term Options](#xx_41f8123d-9121-42b3-ba0e-92b756825516_9) | &nbsp;&nbsp; 22 |
| **[Contacting the Service Center](#xx_41f8123d-9121-42b3-ba0e-92b756825516_10)** | &nbsp;&nbsp; 23 |
| **[Charges and Adjustments](#xx_41f8123d-9121-42b3-ba0e-92b756825516_10)** | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Mortality and Expense Risk Charge](#xx_41f8123d-9121-42b3-ba0e-92b756825516_10) | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Deferred Sales Charge](#xx_41f8123d-9121-42b3-ba0e-92b756825516_10) | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Premium Taxes](#xx_41f8123d-9121-42b3-ba0e-92b756825516_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Loan Processing Fee and Loan Interest Charge](#xx_41f8123d-9121-42b3-ba0e-92b756825516_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reduced Purchase Payment Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Five Year CDSC Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Additional Withdrawal Without Charge and Disability Waiver](#xx_41f8123d-9121-42b3-ba0e-92b756825516_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [10 Year and Disability Waiver](#xx_41f8123d-9121-42b3-ba0e-92b756825516_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Hardship Waiver](#xx_41f8123d-9121-42b3-ba0e-92b756825516_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Step Up Death Benefit Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_41f8123d-9121-42b3-ba0e-92b756825516_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [5% Enhanced Death Benefit Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Minimum Income Benefit Options](#xx_41f8123d-9121-42b3-ba0e-92b756825516_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Extra Value Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary Protector Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Capital Preservation Plus Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Removal of Variable Account Charges](#xx_41f8123d-9121-42b3-ba0e-92b756825516_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Fund Charges](#xx_41f8123d-9121-42b3-ba0e-92b756825516_15) | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Market Value Adjustment](#xx_41f8123d-9121-42b3-ba0e-92b756825516_15) | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Profitability](#xx_41f8123d-9121-42b3-ba0e-92b756825516_16) | &nbsp;&nbsp; 29 |
| **[The Contract in General](#xx_41f8123d-9121-42b3-ba0e-92b756825516_16)** | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Types of Contracts Issued](#xx_41f8123d-9121-42b3-ba0e-92b756825516_16) | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Minimum Initial and Subsequent Purchase Payments](#xx_41f8123d-9121-42b3-ba0e-92b756825516_16) | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Dollar Limit Restrictions](#xx_41f8123d-9121-42b3-ba0e-92b756825516_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Money Laundering](#xx_41f8123d-9121-42b3-ba0e-92b756825516_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Replacements](#xx_41f8123d-9121-42b3-ba0e-92b756825516_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contestability](#xx_41f8123d-9121-42b3-ba0e-92b756825516_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Payments to Minors](#xx_41f8123d-9121-42b3-ba0e-92b756825516_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Misuse](#xx_41f8123d-9121-42b3-ba0e-92b756825516_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide's General Account Obligations](#xx_41f8123d-9121-42b3-ba0e-92b756825516_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contractual Guarantees](#xx_41f8123d-9121-42b3-ba0e-92b756825516_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reservation of Rights](#xx_41f8123d-9121-42b3-ba0e-92b756825516_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Distribution, Promotional, and Sales Expenses](#xx_41f8123d-9121-42b3-ba0e-92b756825516_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Fund Service Fee Payments](#xx_41f8123d-9121-42b3-ba0e-92b756825516_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Treatment of Unclaimed Property](#xx_41f8123d-9121-42b3-ba0e-92b756825516_20) | &nbsp;&nbsp; 33 |
| **[Benefits Under the Contract](#xx_41f8123d-9121-42b3-ba0e-92b756825516_20)** | &nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Standard Benefits Table](#xx_41f8123d-9121-42b3-ba0e-92b756825516_20) | &nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Optional Benefits Table](#xx_41f8123d-9121-42b3-ba0e-92b756825516_21) | &nbsp;&nbsp; 34 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Standard Death Benefit (Five-Year Reset Death Benefit)](#xx_41f8123d-9121-42b3-ba0e-92b756825516_24) | &nbsp;&nbsp; 37 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reduced Purchase Payment Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_25) | &nbsp;&nbsp; 38 |

---

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**Table of Contents (continued)**

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| | |
|:---|:---|
|  | **Page** |
| &nbsp;&nbsp;&nbsp;&nbsp; [Five Year CDSC Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_25) | &nbsp;&nbsp; 38 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Additional Withdrawal Without Charge and Disability Waiver](#xx_41f8123d-9121-42b3-ba0e-92b756825516_26) | &nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp;&nbsp; [10 Year and Disability Waiver](#xx_41f8123d-9121-42b3-ba0e-92b756825516_26) | &nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Hardship Waiver](#xx_41f8123d-9121-42b3-ba0e-92b756825516_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Step Up Death Benefit Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_41f8123d-9121-42b3-ba0e-92b756825516_28)<br> [Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_28)<br>| &nbsp;&nbsp; 41 |
| &nbsp;&nbsp;&nbsp;&nbsp; [5% Enhanced Death Benefit Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_29) | &nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Spousal Protection Feature](#xx_41f8123d-9121-42b3-ba0e-92b756825516_29) | &nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Minimum Income Benefit Options](#xx_41f8123d-9121-42b3-ba0e-92b756825516_30) | &nbsp;&nbsp; 43 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Extra Value Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_32) | &nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary Protector Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_33) | &nbsp;&nbsp; 46 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Capital Preservation Plus Option](#xx_41f8123d-9121-42b3-ba0e-92b756825516_34) | &nbsp;&nbsp; 47 |
| **[Ownership and Interests in the Contract](#xx_41f8123d-9121-42b3-ba0e-92b756825516_37)** | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Owner](#xx_41f8123d-9121-42b3-ba0e-92b756825516_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Joint Owner](#xx_41f8123d-9121-42b3-ba0e-92b756825516_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Owner](#xx_41f8123d-9121-42b3-ba0e-92b756825516_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitant](#xx_41f8123d-9121-42b3-ba0e-92b756825516_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Co-Annuitant](#xx_41f8123d-9121-42b3-ba0e-92b756825516_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Annuitant](#xx_41f8123d-9121-42b3-ba0e-92b756825516_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Joint Annuitant](#xx_41f8123d-9121-42b3-ba0e-92b756825516_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary and Contingent Beneficiary](#xx_41f8123d-9121-42b3-ba0e-92b756825516_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Changes to the Parties to the Contract](#xx_41f8123d-9121-42b3-ba0e-92b756825516_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Community Property States](#xx_41f8123d-9121-42b3-ba0e-92b756825516_39) | &nbsp;&nbsp; 52 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Assignment](#xx_41f8123d-9121-42b3-ba0e-92b756825516_39) | &nbsp;&nbsp; 52 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficially Owned Contracts](#xx_41f8123d-9121-42b3-ba0e-92b756825516_40) | &nbsp;&nbsp; 53 |
| **[Operation of the Contract](#xx_41f8123d-9121-42b3-ba0e-92b756825516_40)** | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Pricing](#xx_41f8123d-9121-42b3-ba0e-92b756825516_40) | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Application and Allocation of Purchase Payments](#xx_41f8123d-9121-42b3-ba0e-92b756825516_40) | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Determining the Contract Value](#xx_41f8123d-9121-42b3-ba0e-92b756825516_41) | &nbsp;&nbsp; 54 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfer Requests](#xx_41f8123d-9121-42b3-ba0e-92b756825516_42) | &nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfers Prior to Annuitization](#xx_41f8123d-9121-42b3-ba0e-92b756825516_42) | &nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfers After Annuitization](#xx_41f8123d-9121-42b3-ba0e-92b756825516_43) | &nbsp;&nbsp; 56 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfer Restrictions](#xx_41f8123d-9121-42b3-ba0e-92b756825516_43) | &nbsp;&nbsp; 56 |
| **[Right to Examine and Cancel](#xx_41f8123d-9121-42b3-ba0e-92b756825516_45)** | &nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Allocation of Purchase Payments during Free Look Period](#xx_41f8123d-9121-42b3-ba0e-92b756825516_45) | &nbsp;&nbsp; 58 |
| **[Surrender/Withdrawal Prior to Annuitization](#xx_41f8123d-9121-42b3-ba0e-92b756825516_45)** | &nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Partial Withdrawals](#xx_41f8123d-9121-42b3-ba0e-92b756825516_46) | &nbsp;&nbsp; 59 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Full Surrenders](#xx_41f8123d-9121-42b3-ba0e-92b756825516_46) | &nbsp;&nbsp; 59 |
| **[Surrender/Withdrawal After Annuitization](#xx_41f8123d-9121-42b3-ba0e-92b756825516_47)** | &nbsp;&nbsp; 60 |
| **[Withdrawals Under Certain Plan Types](#xx_41f8123d-9121-42b3-ba0e-92b756825516_47)** | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals Under a Texas Optional Retirement Program or a Louisiana Optional Retirement Plan](#xx_41f8123d-9121-42b3-ba0e-92b756825516_47) | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals Under a Tax Sheltered Annuity](#xx_41f8123d-9121-42b3-ba0e-92b756825516_47) | &nbsp;&nbsp; 60 |
| **[Loan Privilege](#xx_41f8123d-9121-42b3-ba0e-92b756825516_48)** | &nbsp;&nbsp; 61 |
| **[Contract Owner Services](#xx_41f8123d-9121-42b3-ba0e-92b756825516_51)** | &nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Asset Rebalancing](#xx_41f8123d-9121-42b3-ba0e-92b756825516_51) | &nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Dollar Cost Averaging](#xx_41f8123d-9121-42b3-ba0e-92b756825516_52) | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Enhanced Fixed Account Dollar Cost Averaging](#xx_41f8123d-9121-42b3-ba0e-92b756825516_52) | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Systematic Withdrawals](#xx_41f8123d-9121-42b3-ba0e-92b756825516_53) | &nbsp;&nbsp; 66 |
| **[Death Benefit](#xx_41f8123d-9121-42b3-ba0e-92b756825516_54)** | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Contract Owner](#xx_41f8123d-9121-42b3-ba0e-92b756825516_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Annuitant](#xx_41f8123d-9121-42b3-ba0e-92b756825516_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Contract Owner/Annuitant](#xx_41f8123d-9121-42b3-ba0e-92b756825516_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit Payment](#xx_41f8123d-9121-42b3-ba0e-92b756825516_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit Calculations](#xx_41f8123d-9121-42b3-ba0e-92b756825516_55) | &nbsp;&nbsp; 68 |
| **[Annuity Commencement Date](#xx_41f8123d-9121-42b3-ba0e-92b756825516_55)** | &nbsp;&nbsp; 68 |

---

------

**Table of Contents (continued)**

---

| | |
|:---|:---|
|  | **Page** |
| **[Annuitizing the Contract](#xx_41f8123d-9121-42b3-ba0e-92b756825516_55)** | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitization Date](#xx_41f8123d-9121-42b3-ba0e-92b756825516_55) | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitization](#xx_41f8123d-9121-42b3-ba0e-92b756825516_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Fixed Annuity Payments](#xx_41f8123d-9121-42b3-ba0e-92b756825516_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Variable Annuity Payments](#xx_41f8123d-9121-42b3-ba0e-92b756825516_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Frequency and Amount of Annuity Payments](#xx_41f8123d-9121-42b3-ba0e-92b756825516_56) | &nbsp;&nbsp; 69 |
| **[Annuity Payment Options](#xx_41f8123d-9121-42b3-ba0e-92b756825516_57)** | &nbsp;&nbsp; 70 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuity Payment Options Available to All Contracts](#xx_41f8123d-9121-42b3-ba0e-92b756825516_57) | &nbsp;&nbsp; 70 |
| **[Statements and Reports](#xx_41f8123d-9121-42b3-ba0e-92b756825516_58)** | &nbsp;&nbsp; 71 |
| **[Legal Proceedings](#xx_41f8123d-9121-42b3-ba0e-92b756825516_58)** | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide Life Insurance Company](#xx_41f8123d-9121-42b3-ba0e-92b756825516_58) | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide Investment Services Corporation](#xx_41f8123d-9121-42b3-ba0e-92b756825516_59) | &nbsp;&nbsp; 72 |
| **[Financial Statements](#xx_41f8123d-9121-42b3-ba0e-92b756825516_59)** | &nbsp;&nbsp; 72 |
| **[Appendix A: Investment Options Available Under the Contract](#xx_9ec6b260-720b-4450-9fb1-a10cef94e812_1)** | &nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Funds](#xx_9ec6b260-720b-4450-9fb1-a10cef94e812_1) | &nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Fixed Options](#xx_9ec6b260-720b-4450-9fb1-a10cef94e812_16) | &nbsp;&nbsp; 88 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Income Benefit Investment Options](#xx_9ec6b260-720b-4450-9fb1-a10cef94e812_16) | &nbsp;&nbsp; 88 |
| **[Appendix B: Contract Types and Tax Information](#xx_69f2b19d-13bf-458f-88d9-7145d28ae583_1)** | &nbsp;&nbsp; 91 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Types of Contracts](#xx_69f2b19d-13bf-458f-88d9-7145d28ae583_1) | &nbsp;&nbsp; 91 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Federal Tax Considerations](#xx_69f2b19d-13bf-458f-88d9-7145d28ae583_3) | &nbsp;&nbsp; 93 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Required Distributions](#xx_69f2b19d-13bf-458f-88d9-7145d28ae583_7) | &nbsp;&nbsp; 97 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Other Considerations](#xx_69f2b19d-13bf-458f-88d9-7145d28ae583_10) | &nbsp;&nbsp; 100 |
| &nbsp;&nbsp;&nbsp;&nbsp; [State Taxation](#xx_69f2b19d-13bf-458f-88d9-7145d28ae583_11) | &nbsp;&nbsp; 101 |
| **[Appendix C:](#xx_2ad02521-6424-4ea2-9772-09d681ea3192_1) [Standard Death Benefit (Five-Year Reset Death Benefit) Example](#xx_2ad02521-6424-4ea2-9772-09d681ea3192_1)** | &nbsp;&nbsp; 102 |
| **[Appendix D: One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_7c583c06-9170-4315-986f-73601389d455_1)**<br> **[Option Example](#xx_7c583c06-9170-4315-986f-73601389d455_1)**<br>| &nbsp;&nbsp; 103 |
| **[Appendix E: One-Year Step Up Death Benefit Option Example](#xx_41701231-70d5-4eb5-8309-a2f137bf981a_1)** | &nbsp;&nbsp; 104 |
| **[Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and](#xx_cd83b395-7c0a-467f-8868-d514d1e5b9c2_1)**<br> **[Spousal Protection Option Example](#xx_cd83b395-7c0a-467f-8868-d514d1e5b9c2_1)**<br>| &nbsp;&nbsp; 105 |
| **[Appendix G: 5% Enhanced Death Benefit Option Example](#xx_e7188893-1ea2-4539-99a9-0605cd369c96_1)** | &nbsp;&nbsp; 106 |
| **[Appendix H: Financial Intermediary Variations](#xx_bd66e925-3690-4ee2-b3df-884fcf74bc87_1)** | &nbsp;&nbsp; 107 |

---

------

**Overview of the Contract** 

**Purpose of the Contract** 

The contract is intended to be a long-term investment vehicle to assist investors in saving for and living in retirement. Nationwide has designed the contract to offer features, pricing, and investment options that encourage long-term ownership. The contract can help supplement retirement income through the annuitization feature, which provides a stream of periodic income payments. During the years leading up to those income payments, the Contract Owner manages his/her assets in the contract according to their specific goals and risk preferences by directing the allocation and reallocation among a variety of investment options. Contract growth is tax-deferred, meaning that gains in the contract are not taxable until withdrawn from the contract. Finally, in the event that the Annuitant dies before beginning income payments, the contract offers a death benefit.

Prospective purchasers should consult with a financial professional to determine whether this contract is appropriate for them, taking into consideration their particular needs, including investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and other personal characteristics. Generally speaking, this contract is intended to provide benefits to a single individual and his/her beneficiaries. The contract is not intended to be used by institutional investors, in connection with other Nationwide contracts that have the same Annuitant, or in connection with other Nationwide contracts that have different Annuitants but the same Contract Owner. It is not intended to be sold to a terminally ill Contract Owner or Annuitant.

**Phases of the Contract** 

The contract exists in two separate phases: accumulation (savings) and annuitization (income). During the accumulation phase, the contract offers a variety of investment options to which the Contract Owner can allocate and reallocate his/her Contract Value. The investment options available under the contract consist of Sub-Accounts that invest in underlying mutual funds, which offer a variable rate of return, a Fixed Account, which offers a fixed rate of return, and Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025), which offer an enhanced rate of return subject to a market value adjustment. **Additional information about the underlying mutual funds is available in *Appendix A: Investment Options Available Under the Contract*.** 

During the annuitization phase, Nationwide makes periodic income payments to the Annuitant. At the time of annuitization, the Contract Owner elects the duration of the annuity payments – either for a fixed period of time or for the duration of the Annuitant's (and possibly the Annuitant's spouse's) life. The Contract Owner also elects whether the annuity payments will be fixed or variable. If variable annuity payments are elected, the Annuitant controls the allocation/reallocation of annuitized assets among the available Sub-Accounts. After annuitization begins, the only value associated with the contract is the stream of annuity payments; unless otherwise specified in the annuity option, amounts cannot be withdrawn from the contract over and above the annuity payments. Additionally, once annuitization has begun, there is no death benefit, which means that upon the death of the Annuitant (and the Annuitant's spouse if a joint annuity option was elected), all payments stop and the contract terminates, unless the particular annuitization option provides otherwise.

**Contract Features**

**Investment Options.** Contract Owners can allocate Contract Value to Sub-Accounts that invest in underlying mutual funds, the Fixed Account and/or the Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025). Contract Owners can reallocate those assets at their discretion, subject to certain restrictions.

**Deposits to the Contract.** Contract Owners can apply additional purchase payments to the contract until the Annuitization Date, subject to certain restrictions.

**Withdrawals from the Contract.** Contract Owners can withdraw some or all of their Contract Value at any time prior to annuitization, subject to certain restrictions. A CDSC may apply. After Annuitization, withdrawals other than annuity payments are not permitted.

**Loans from the Contract.** For contracts issued as Tax Sheltered Annuities, Contract Owners can request a loan of a portion of their Contract Value at any time after the free look period and prior to annuitization, subject to certain restrictions. A Loan Processing Fee is assessed at the time each new loan is processed, and a loan interest charge also applies.

------

**Death Benefit.** During the accumulation phase, the contract contains a standard death benefit (the greatest of (i) Contract Value, (ii) net purchase payments, or (iii) the Contract Value as of the most recent five-year Contract Anniversary before the Annuitant's 86th birthday) at no additional charge.

**Optional Death Benefits.** Several death benefit options are available for an additional charge, which may provide a greater death benefit than the standard death benefit. Those options are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option (available beginning January 2, 2001 or a later date if state law requires)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• One-Year Step Up Death Benefit Option (available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option (available beginning January 2, 2001 or a later date if state law requires)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% Enhanced Death Benefit Option (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)

**Spousal Protection Feature.** Some of the death benefit options contain the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse, subject to certain conditions.

**Reduced Purchase Payment Option.** The contract offers a Reduced Purchase Payment Option for an additional charge, which provides for reduced minimum initial purchase payment and subsequent purchase payment requirements.

**CDSC Options.** Several CDSC Options are available for an additional charge, whereby Nationwide will waive or reduce the standard CDSC schedule. Those options are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Five Year CDSC Option

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Additional Withdrawal Without Charge and Disability Waiver

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10 Year and Disability Waiver

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hardship Waiver

**Guaranteed Minimum Income Benefit Options.** The contract offers two Guaranteed Minimum Income Benefit Options for an additional charge, each of which provides for a guaranteed amount at annuitization.

**Extra Value Option Credits.** An Extra Value Option is available for an additional charge, whereby Nationwide will apply additional money to the Contract Value during the first Contract Year. Extra Value Option credits are subject to recapture under certain circumstances.

**Beneficiary Protector Option.** The contract offers a Beneficiary Protector Option for an additional charge, which may be advantageous if the Contract Owner anticipates the assessment of taxes in connection with payment of the death benefit proceeds.

**Capital Preservation Plus Option.** The contract offers a Capital Preservation Plus Option for an additional charge, which provides a principal guarantee.

**Annuity Payments.** On the Annuitization Date, Nationwide will make annuity payments based on the annuity payment option chosen prior to annuitization.

**Tax Deferral.** Generally, Contract Owners will not be taxed on any earnings on the assets in the contract until such earnings are distributed from the contract. How each contract's distributions are taxed depends on the type of contract issued. Note that if this contract is issued in connection with a plan that qualifies for special income tax treatment under the Code, the contract does not provide additional tax deferral benefits (see *Appendix B: Contract Types and Tax Information*).

**Cancellation of the Contract.** Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract and decide if they want to keep it or cancel it. Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date (see *Right to Examine and Cancel* and *Contacting the Service Center*).

**Contract Owner Services.** The contract offers several services at no additional charge to assist Contract Owners in managing their contract, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Asset Rebalancing

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Dollar Cost Averaging

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Fixed Account Dollar Cost Averaging

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Systematic Withdrawals

**Market Value Adjustment** 

A withdrawal or transfer from a Guaranteed Term Option (GTO) prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

Contact the Service Center for more information on the GTOs.

------

**Important Information You Should Consider About the Contract** 

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| | |
|:---|:---|
| **FEES, EXPENSES, AND ADJUSTMENTS**<br> (see *Fee Table* and *Charges and Adjustments*) | **FEES, EXPENSES, AND ADJUSTMENTS**<br> (see *Fee Table* and *Charges and Adjustments*) |
| **Are There Charges or** <br> **Adjustments for Early** <br> **Withdrawals?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● If the Contract Owner withdraws money from the contract within 7 years following his/her <br> last purchase payment, a Contingent Deferred Sales Charge (or "CDSC") may apply <br> (see *Contingent Deferred Sales Charge*). The CDSC will not exceed 7% of the amount <br> of purchase payments withdrawn, declining to 0% over 7 years.<br> For example, for a contract with a $100,000 investment, a withdrawal taken during the <br> CDSC period could result in a CDSC of up to $7,000. This loss will be greater if there is <br> a negative market value adjustment, taxes or tax penalties.<br> ● If you withdraw money from a Guaranteed Term Option prior to its maturity date, you will <br> be assessed a market value adjustment, which may be negative (see *Guaranteed Term* <br> *Options*). The application of the market value adjustment could result in a loss. In <br> extreme circumstances such losses could be as high as 100% of the amount withdrawn.<br> For example, for a contract with a $100,000 investment, a withdrawal taken prior to the <br> Guaranteed Term Option's maturity date could result in a market value adjustment of up <br> to $100,000. This loss will be greater if there is a CDSC, taxes, or tax penalties. |
| **Are There Transaction** <br> **Charges?**<br>| &nbsp;&nbsp; **Yes.** Nationwide also charges a loan processing fee at the time each new loan is <br> processed (see *Loan Privilege*). |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; **Yes.** The table below describes the fees and expenses that you may pay *each year*, <br> depending on the investment options and optional benefits chosen. Please refer to your <br> contract specifications page for information about the specific fees you will pay each year <br> based on the options you have elected. |
| **Are There Ongoing Fees** <br> **and Expenses?** | **Annual Fee** |
| **Are There Ongoing Fees** <br> **and Expenses?** | Base Contract<br>0.95%<sup>1</sup> <br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | Underlying mutual fund fees and expenses<br>0.27%<sup>2</sup><br>2.32%<sup>2</sup> |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; Optional benefits available for an additional <br> charge (for a single optional benefit, if elected)<br>0.05%<sup>1</sup> <br>0.50%<sup>1</sup> <br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; <sup>1</sup> As a percentage of Daily Net Assets.<br> <sup>2</sup> As a percentage of underlying mutual fund net assets. |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; Because each contract is customizable, the options elected affect how much each <br> Contract Owner will pay. To help you understand the cost of owning the contract, the <br> following table shows the lowest and highest cost a Contract Owner could pay *each year*, <br> based on current charges. This estimate assumes that no withdrawals are taken from the <br> contract, **which could add a CDSC and a negative market value adjustment that** <br> **substantially increase costs**. |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; **Lowest Annual Cost Estimate:**<br> **$1,155.16**<br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp;&nbsp; Assumes:<br> ● Investment of $100,000<br> ● 5% annual appreciation<br> ● Least expensive underlying mutual fund fees <br> and expenses<br> ● No optional benefits<br> ● No CDSC<br> ● No additional purchase payments, transfers or <br> withdrawals<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Is There a Risk of Loss** <br> **from Poor Performance?**<br>| &nbsp;&nbsp; **Yes.** Contract Owners of variable annuities can lose money by investing in the contract, <br> including loss of principal (see *Principal Risks*).<br>|

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------

---

| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Is this a Short-Term** <br> **Investment?**<br>| &nbsp;&nbsp;&nbsp; **No.**<br> ● The contract is not a short-term investment and is not appropriate for an investor who <br> needs ready access to cash. Nationwide has designed the contract to offer features, <br> pricing, and investment options that encourage long-term ownership (see *Principal* <br> *Risks*).<br> ● A CDSC may apply for up to 7 years following the last purchase payment and could <br> reduce the value of the contract if purchase payments are withdrawn during that time <br> (see *Contingent Deferred Sales Charge*). All or a portion of any withdrawal may be <br> subject to taxes and tax penalties. The benefits of tax deferral also means that the <br> contract is more beneficial to investors with a long time horizon (see *Principal Risks*).<br> ● Amounts removed from a Guaranteed Term Option prior to its maturity date may also <br> result in a negative market value adjustment.<br> ● For amounts allocated to a Guaranteed Term Option, at the end of each maturity date, <br> the Contract Value will be reallocated to available investment options according to the <br> Contract Owner's instructions. If no direction is received by Nationwide prior to the <br> maturity date, all amounts in that Guaranteed Term Option will be transferred to the <br> available money market Sub-Account.<br> ● For amounts allocated to the Fixed Account at the end of an interest rate guarantee <br> period, such amounts will be reallocated among the contract's available investment <br> options in accordance with the Contract Owner's reallocation instructions, subject to any <br> applicable limitations. In the absence of instructions, such amounts will remain invested <br> in the Fixed Account for another interest rate guarantee period at the applicable <br> Renewal Rate (see *The Fixed Account* and *Transfers Prior to Annuitization*).<br>|
| **What Are the Risks** <br> **Associated with the** <br> **Investment Options?**<br>| &nbsp;&nbsp;&nbsp; ● Investment in this contract is subject to the risk of poor investment performance. <br> Investment experience can vary depending on the investment options selected by the <br> Contract Owner.<br> ● Each investment option (including the Fixed Account and Guaranteed Term Options) has <br> its own unique risks.<br> ● Review the prospectuses and disclosures for the investment options before making an <br> investment decision.<br> See *Principal Risks.*<br>|
| **What Are the Risks** <br> **Related to the Insurance** <br> **Company?**<br>| &nbsp;&nbsp; Investment in the contract is subject to the risks associated with Nationwide, including that <br> any obligations (including interest payable for allocations to the Fixed Account and <br> Guaranteed Term Options), guarantees, or benefits are subject to the claims-paying ability <br> of Nationwide. More information about Nationwide, including its financial strength ratings, <br> is available by contacting Nationwide at the address and/or toll-free phone number <br> indicated in *Contacting the Service Center* (see *Principal Risks*).<br>|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There Restrictions** <br> **on the Investment** <br> **Options?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● Nationwide reserves the right to add, remove, and substitute investment options <br> available under the contract (see *The Sub-Accounts and Underlying Mutual Funds*).<br> ● Allocations to the Fixed Account may not be transferred to another investment option <br> except at the end of a Fixed Account interest rate guarantee period (see *The Fixed* <br> *Account).*<br> ● Allocations to the Guaranteed Term Options that are transferred to another investment <br> option prior to maturity are subject to a market value adjustment (see *Guaranteed Term* <br> *Options*).<br> ● Allocations to the Guaranteed Term Options may not be transferred to another available <br> investment option during the Capital Preservation Plus program period (see *Capital* <br> *Preservation Plus Option*).<br> ● Not all investment options may be available under your contract (see *Appendix A:* <br> *Investment Options Available Under the Contract*).<br> ● Transfers between Sub-Accounts are subject to policies designed to deter short-term <br> and excessively frequent transfers. Nationwide may restrict the form in which transfer <br> requests will be accepted (see *Transfer Restrictions*).<br> ● The availability of investment options may vary depending on the broker-dealer through <br> which the contract is sold (see *Appendix H: Financial Intermediary Variations*).<br>|

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| | |
|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There any** <br> **Restrictions on Contract** <br> **Benefits?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● Certain optional benefits limit or restrict the investment options available for investment.<br> ● Nationwide reserves the right to discontinue offering any optional benefit. Such a <br> discontinuance will only apply to new contracts and will not impact any contracts already <br> in force.<br> ● The availability of contract benefits may vary depending on the broker-dealer through <br> which the contract is sold (see *Appendix H: Financial Intermediary Variations*).<br> See *Benefits Under the Contract.*<br>|
| **TAXES** | **TAXES** |
| **What Are the Contract's** <br> **Tax Implications?**<br>| &nbsp;&nbsp;&nbsp; ● Consult with a tax professional to determine the tax implications of an investment in and <br> payments received under this contract.<br> ● If the contract is purchased through a tax-qualified plan or IRA, there is no additional tax <br> deferral.<br> ● Earnings in the contract are taxed at ordinary income tax rates at the time of <br> withdrawals and there may be a tax penalty if withdrawals are taken before the Contract <br> Owner reaches age 59½.<br> See *Appendix B: Contract Types and Tax Information.*<br>|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| **How Are Investment** <br> **Professionals** <br> **Compensated?**<br>| &nbsp;&nbsp; Some financial professionals receive compensation for selling the contract. Compensation <br> can take the form of commissions and other indirect compensation in that Nationwide may <br> share the revenue it earns on this contract with the financial professional's firm. This <br> conflict of interest may influence a financial professional, as these financial professionals <br> may have a financial incentive to offer or recommend this contract over another investment <br> (see *Distribution, Promotional, and Sales Expenses).*<br>|
| **Should I Exchange My** <br> **Contract?**<br>| &nbsp;&nbsp; Some financial professionals may have a financial incentive to offer an investor a new <br> contract in place of the one he/she already owns. An investor should only exchange his/her <br> contract if he/she determines, after comparing the features, fees, and risks of both <br> contracts, and any fees or penalties to terminate the existing contract, that it is preferable <br> for him/her to purchase the new contract, rather than to continue to own the existing one <br> (see *Replacements* and *Distribution, Promotional, and Sales Expenses*).<br>|

---

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**Fee Table** 

**The following tables describe the fees, expenses, and adjustments that a Contract Owner will pay when buying, owning, and surrendering or making withdrawals from an investment option or from the contract. Please refer to the contract specifications page for information about the specific fees the Contract Owner will pay each year based on the options elected.** 

**The first table describes the fees and expenses a Contract Owner will pay at the time the Contract Owner buys the contract, surrenders or makes withdrawals from an investment option or from the contract, or transfers Contract Value between investment options. State premium taxes may also be deducted.** 

---

| | |
|:---|:---|
| **Transaction Expenses** | **Transaction Expenses** |
| **Maximum Contingent Deferred Sales Charge** ("CDSC") (as a percentage of purchase payments surrendered) | 7% |

---

Range of CDSC over time:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of** <br> **Purchase Payment**<br>| **0** | **1** | **2** | **3** | **4** | **5** | **6** | **7** |
| **CDSC Percentage** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **6%** | &nbsp;&nbsp; **5%** | &nbsp;&nbsp; **4%** | &nbsp;&nbsp; **3%** | &nbsp;&nbsp; **2%** | &nbsp;&nbsp; **0%** |

---

Some state jurisdictions require a lower CDSC schedule. Refer to your contract for state specific information.

---

| | |
|:---|:---|
| **Loan Processing Fee** | $25<sup>1</sup> <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**The next table describes the adjustments, in addition to any transaction expenses, that apply if all or a portion of the Contract Value is removed from an investment option or from the contract before the expiration of a specified period.** 

---

| | |
|:---|:---|
| **Adjustments** | **Adjustments** |
| **Market Value Adjustment Maximum Potential Loss**<sup>1</sup> (as a percentage of the Contract Value) | 100% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> A market value adjust applies to any withdrawal or transfer from a Guaranteed Term Option prior to its maturity date, including to annuitize the contract. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit.

**The next table describes the fees and expenses that a Contract Owner will pay *each year* during the time that the Contract Owner owns the contract (not including underlying mutual fund fees and expenses). If an optional benefit is elected, an additional charge will be assessed, as shown below** 

---

| | |
|:---|:---|
| **Annual Contract Expenses** | **Annual Contract Expenses** |
| **Annual Loan Interest Charge** (assessed as a reduction to the credited interest rate) | 2.25%<sup>2</sup> <br>|
| **Base Contract Expenses**<sup>3</sup> (assessed as an annualized percentage of Daily Net Assets)  | 0.95% |
| **Optional Benefit Expenses**<sup>4</sup> (assessed as an annualized percentage of Daily Net Assets) |  |
| **Reduced Purchase Payment Option Charge** | 0.25%<sup>5</sup> <br>|
| **Five Year CDSC Option Charge** | 0.15%<sup>6</sup> <br>|
| **CDSC Waiver Options** |  |
| **Additional Withdrawal Without Charge and Disability Waiver Charge** | 0.10%<sup>7</sup> <br>|
| **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** |  |
| &nbsp;&nbsp; **One-Year Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection** <br> **Option Charge**<sup>8</sup> (available beginning January 2, 2001 or a later date if state law requires)<br>| 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **One-Year Step Up Death Benefit Option Charge**<sup>9</sup> (available until state approval is received for the One-Year <br> Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection Option)<br>| 0.05% |
| &nbsp;&nbsp; **Greater of One-Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and** <br> **Spousal Protection Option Charge**<sup>10</sup> (available beginning January 2, 2001 or a later date if state law requires)<br>| 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **5% Enhanced Death Benefit Option Charge**<sup>11</sup> (available until state approval is received for the Greater of One-<br> Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection <br> Option)<br>| 0.10% |
| **Guaranteed Minimum Income Benefit Options** (no longer available) |  |
| **Guaranteed Minimum Income Benefit Option 1 Charge** | 0.45% |

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| | |
|:---|:---|
| **Annual Contract Expenses** | **Annual Contract Expenses** |
| **Guaranteed Minimum Income Benefit Option 2 Charge** | &nbsp;&nbsp; 0.30% |
| **Extra Value Option Charge** | 0.45%<sup>12</sup> <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account and the <br> Guaranteed Term Options for the first 7 Contract Years will be assessed a fee of 0.45%.<br>|  |
| **Beneficiary Protector Option Charge**<sup>13</sup> | &nbsp;&nbsp; 0.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account or to the <br> Guaranteed Term Options will be assessed a fee of 0.40%.<br>|  |
| **Capital Preservation Plus Option Charge** | 0.50%<sup>14</sup> <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Guaranteed Term <br> Options or Target Term Options will be assessed a fee of 0.50%.<br>|  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup>

Nationwide assesses a Loan Processing Fee at the time each new loan is processed. Loans are only available for contracts issued as Tax Sheltered Annuities.

<sup>2</sup>

The loan interest rate is determined, based on market conditions, at the time of loan application or issuance. The loan balance in the collateral Fixed Account is credited with interest at 2.25% less than the loan interest rate. Thus, the net loan interest charge is 2.25%, which is applied against the outstanding balance.

<sup>3</sup>

Throughout this prospectus, the Base Contract Expenses will be referred to as Mortality and Expense Risk Charge.

<sup>4</sup>

Unless otherwise indicated, charges for optional benefits are only assessed prior to the Annuitization Date (see *Charges and Adjustments*).

<sup>5</sup>

If this option is elected, Nationwide will lower an applicant's minimum initial purchase payment to $1,000 and subsequent purchase payments to $25. This option is not available to contracts issued as Investment-Only Contracts.

<sup>6</sup>

Range of Five Year CDSC over time:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5** |
| **CDSC Percentage** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **6%** | &nbsp;&nbsp; **4%** | &nbsp;&nbsp; **2%** | &nbsp;&nbsp; **0%** |

---

For contracts issued in the State of New York, this option is available only for contracts issued as Roth IRAs and is not available when the Extra Value Option is elected.

<sup>7</sup>

If this option is elected, the applicant will receive an additional 5% CDSC-free withdrawal privilege, which also includes a disability waiver. This 5% is in addition to the standard 10% CDSC-free withdrawal privilege that applies to every contract.

<sup>8</sup>

This option may not be elected with another death benefit option.

<sup>9</sup>

This option may be elected alone or along with the 5% Enhanced Death Benefit Option. If both options are elected, the death benefit will be the greater of the two options.

<sup>10</sup>

This option may not be elected with another death benefit option.

<sup>11</sup>

This option may be elected alone or along with One-Year Step Up Death Benefit Option. If both options are elected, the death benefit will be the greater of the two options.

<sup>12</sup>

Nationwide will discontinue deducting the charge associated with the Extra Value Option seven years from the date the contract was issued. Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Contract Owner elects or has elected the Extra Value Option.

<sup>13</sup>

The Beneficiary Protector Option is available for contracts with Annuitants age 70 or younger at the time the option is elected.

<sup>14</sup>

The Capital Preservation Plus Option may only be elected at the time of application. Nationwide will discontinue deducting the charges associated with the Capital Preservation Plus Option at the end of the Guaranteed Term Option/Target Term Option that corresponds to the end of the program period elected by the Contract Owner.

**The next item shows the minimum and maximum total operating expenses charged by the underlying mutual funds that the Contract Owner may pay periodically during the life of the contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of the underlying mutual funds available under the contract, including their annual expenses, may be found in *Appendix A: Investment Options Available Under the Contract*.** 

---

| | | |
|:---|:---|:---|
| **Annual Underlying Mutual Fund Expenses** | **Annual Underlying Mutual Fund Expenses** | **Annual Underlying Mutual Fund Expenses** |
|  | **Minimum** | **Maximum** |
| (Expenses that are deducted from underlying mutual fund assets, including <br> management fees, distribution and/or service (12b-1) fees, and other expenses, as a <br> percentage of average underlying mutual fund net assets.)<br>| 0.27% | 2.32% |

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**Example** 

**This Example is intended to help Contract Owners compare the cost of investing in the Sub-Accounts with the cost of investing in other annuity contracts that offer variable investment options. These costs include transaction expenses, annual contract expenses, and annual underlying mutual fund expenses. This Example assumes all Contract Value is allocated to the Sub-Accounts. Costs could differ from those shown below if Contract Value is allocated to the Fixed Account and/or a Guaranteed Term Option.** 

The Example assumes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a $100,000 investment in the contract for the time periods indicated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a 5% return each year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the seven year CDSC schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no market value adjustment is assessed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the maximum and the minimum fees and expenses of any of the underlying mutual funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable Account charges that reflect the most expensive combination of optional benefits available for an additional charge (3.65%). Specifically:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reduced Purchase Payment Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Five Year CDSC Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Additional Withdrawal Without Charge and Disability Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10 Year and Disability Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hardship Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Greater of One-Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guaranteed Minimum Income Benefit Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Extra Value Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Beneficiary Protector Option, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Capital Preservation Plus Option

Although your actual costs may be higher or lower, based on these assumptions, your costs would be.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** |
|  | **1 Yr.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** | **1 Yr.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** |
| &nbsp;&nbsp;&nbsp; Maximum <br> Annual <br> Underlying <br> Mutual Fund <br> Expenses <br> (2.32%)<br>| &nbsp;&nbsp; $13269 | &nbsp;&nbsp; $23568 | &nbsp;&nbsp; $33557 | &nbsp;&nbsp; $59225<br> &nbsp;&nbsp; \* | &nbsp;&nbsp; $18568 | &nbsp;&nbsp; $30557 | &nbsp;&nbsp; $59225 | &nbsp;&nbsp; $6269 | &nbsp;&nbsp; $18568 | &nbsp;&nbsp; $30557 | &nbsp;&nbsp; $59225 |
| &nbsp;&nbsp;&nbsp; Minimum <br> Annual <br> Underlying <br> Mutual Fund <br> Expenses <br> (0.27%)<br>| &nbsp;&nbsp; $11116 | &nbsp;&nbsp; $17457 | &nbsp;&nbsp; $23947 | &nbsp;&nbsp; $42837<br> &nbsp;&nbsp; \* | &nbsp;&nbsp; $12457 | &nbsp;&nbsp; $20947 | &nbsp;&nbsp; $42837 | &nbsp;&nbsp; $4116 | &nbsp;&nbsp; $12457 | &nbsp;&nbsp; $20947 | &nbsp;&nbsp; $42837 |

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\*

The contracts sold under this prospectus do not permit annuitization during the first two Contract Years.

**Principal Risks** 

Contract Owners should be aware of the following risks associated with owning the contract:

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**Risk of loss.** The Sub-Accounts invest in underlying mutual funds. Underlying mutual funds are variable investments, meaning their value will increase or decrease based on the performance of their portfolio holdings. Poor underlying mutual fund performance can result in a loss of Contract Value and/or principal.

**Not a short-term investment.** In general, deferred variable annuities are long-term investments; they are not suitable as short-term savings vehicles. Nationwide has designed the contract to offer features, pricing, and investment options that encourage long-term ownership. Specifically:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A Contract Owner who takes withdrawals from the contract within seven years of purchasing the contract or making a purchase payment could be subject to a CDSC, which in the short-term will reduce Contract Value or the amount payable to you, and in the long-term will reduce the ability of the Contract Value to grow over time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A Contract Owner who takes withdrawals from the contract before reaching age 59 1/2 could be subject to tax penalties that are mandated by the federal tax laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A withdrawal or transfer from a GTO prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

**Investment option availability.** Nationwide reserves the right to change the Sub-Accounts available under the contract, including adding new Sub-Accounts, and discontinuing availability of Sub-Accounts. Nationwide reserves the right to limit or refuse purchase payments and/or transfers allocated to the Fixed Account at its sole discretion. Nationwide also reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guarantee period. Decisions to make such changes are at Nationwide's discretion but will be in accordance with Nationwide's internal policies and procedures relating to such matters. Any changes to the availability of investment options may be subject to regulatory approval and notice will be provided.

**Investment option restrictions.** Certain options available under the contract impose restrictions on which investment options are available for investment and/or the portion of total Contract Value that is permitted to be allocated to certain investment options. These restrictions are imposed by Nationwide and depend on each investment option's risk characteristics. The permitted investment options are more conservative than those that are not permitted. This helps Nationwide manage its obligation to provide the Contract Owners with guarantees. By electing an optional benefit and accepting the limited menu of investment options, Contract Owners may be foregoing investment gains that could otherwise be realized by investing in riskier investment options that are not available under the optional benefit.

**Purchase payment restrictions.** A Contract Owner's ability to make subsequent purchase payments is subject to limitations under the contract, and may be subject to additional limitations under an optional benefit. Restrictions on subsequent purchase payments may limit a Contract Owner's ability to increase the value of the contract and its benefits through additional investments.

**Extra Value Option risk.** Certain optional benefits apply bonus credits to the contract. The bonus credits increase Contract Value which will increase the total dollar amount of fees that Nationwide collects. Nationwide may make a profit from the additional charges and over time, the benefit of the bonus credits could be more than offset by the additional charges assessed to the contract. Additionally, the recapture of the bonus credits (in the event of a withdrawal) could exceed any benefit of receiving the bonus credits.

**Active trading.** Neither the contracts described in this prospectus nor the underlying mutual funds are designed to support active trading strategies that require frequent movement between or among Sub-Accounts. Nationwide discourages (and will take action to deter) short-term trading in this contract because the frequent movement between or among Sub-Accounts may negatively impact other investors in the contract. In certain circumstances, to address active trading, Nationwide may require transfer requests to be submitted via U.S. mail. Additionally, underlying mutual funds are required to take certain actions in order to protect shareholders from negative impacts of short-term trading, which may include requiring Nationwide to prohibit particular Contract Owners from investing in a Sub-Account that invests in the impacted underlying mutual fund.

**Financial strength.** Contractual guarantees that exceed the value of the assets in the Variable Account (including death benefit guarantees that exceed the Contract Value and interest credited to Fixed Account and Guaranteed Term Option allocations are paid from Nationwide's general account, which is subject to Nationwide's financial strength and claims-paying ability. If Nationwide experiences financial distress, it may not be able to meet its obligations.

------

**Regulatory risk.** The contract is governed by various state and federal laws and regulations, which are subject to change. Those changes could require Nationwide to make changes to the contract that alter the nature or value of certain benefits. Additionally, changes to the tax laws or regulations could limit or eliminate the tax benefits of the contract, resulting in greater tax liability or less earnings.

**Cybersecurity**. Nationwide's businesses are highly dependent upon its computer systems and those of its business partners and service providers. This makes Nationwide potentially susceptible to operational and information security risks resulting from a cybersecurity incident. These risks include direct risks, such as theft, misuse, corruption, and destruction of data maintained by Nationwide, and indirect risks, such as denial of service, attacks on systems or websites and other operational disruptions that could severely impede Nationwide's ability to conduct its businesses or administer the contract (e.g., calculate unit values or process transactions).

Financial services companies and their third-party service providers are increasingly the targets of cyber-attacks. The techniques used to attack systems and networks change frequently and are becoming more sophisticated, including through the use of artificial intelligence (AI) and AI-powered tools.

Cyber-attacks affecting Nationwide, the underlying mutual funds, intermediaries, and other service providers may adversely affect Nationwide and contract values. Cybersecurity risks may also impact the issuers of securities in which the underlying mutual funds invest, which may cause the underlying mutual funds to lose value. Although Nationwide undertakes substantial efforts to protect its computer systems from cyber-attacks, there can be no guarantee that Nationwide, its service providers, intermediaries, or the underlying mutual funds will be able to avoid or readily detect cybersecurity incidents affecting Contract Owners in the future.

In the event that contract administration or contract values are adversely affected as a result of a failure of Nationwide's cybersecurity controls, Nationwide will take reasonable steps to take corrective action and restore Contract Values to the levels that they would have been had the cybersecurity incident not occurred. Nationwide will not, however, be responsible for any adverse impact to contracts or contract values that result from the Contract Owner or its designee's negligent acts or failure to use reasonably appropriate safeguards to protect against cyber-attacks or to protect personal information.

**Business continuity risks.** Nationwide is exposed to risks related to natural and man-made disasters, such as storms, fires, earthquakes, public health crises, geopolitical disputes, military actions, and terrorist acts, which could adversely affect Nationwide's ability to administer the contract. Nationwide has adopted business continuity policies and procedures that may be implemented in the event of a natural or man-made disaster, but such business continuity plans may not operate as intended or fully mitigate the operational risks associated with such disasters.

Nationwide outsources certain critical business functions to third parties and, in the event of a natural or man-made disaster, relies upon the successful implementation and execution of the business continuity planning of such entities. While Nationwide closely monitors the business continuity activities of these third parties, successful implementation and execution of their business continuity strategies are largely beyond Nationwide's control. If one or more of the third parties to whom Nationwide outsources such critical business functions experience operational failures, Nationwide's ability to administer the contract could be impaired.

**Nationwide and the Variable Account** 

The contract is issued by Nationwide, with its home office at One Nationwide Plaza, Columbus, Ohio 43215. Nationwide Variable Account-9 is a separate account of Nationwide that invests in the underlying mutual funds listed in *Appendix A: Investment Options Available Under the Contract*. Income, gains, and losses credited to or charged against the Variable Account reflect the Variable Account's own investment experience and not the investment experience of Nationwide's other assets. The Variable Account's assets are held separately from General Account assets and may not be used to pay any liabilities of Nationwide other than those arising from the contract or other contracts supported by the Variable Account. The Variable Account is divided into Sub-Accounts, each of which invests in shares of a single underlying mutual fund.

Nationwide is obligated to pay all amounts promised to investors under the contracts. All guarantees under the contract are subject to Nationwide's creditworthiness and claims-paying ability.

The contracts are distributed by the general distributor, Nationwide Investment Services Corporation ("NISC"), One Nationwide Plaza, Columbus, Ohio 43215. NISC is a wholly-owned subsidiary of Nationwide.

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**Investment Options**

**The Sub-Accounts and Underlying Mutual Funds** 

Contract Value allocated to a Sub-Account will vary based on the investment experience of the corresponding underlying mutual fund in which the Sub-Account invests. There is a risk of loss of the entire amount invested.

The Contract Owner can allocate Contract Value to Sub-Accounts of the Variable Account, subject to conditions in the contract and underlying mutual funds. Each Sub-Account invests in shares of a single underlying mutual fund. Nationwide uses the assets of each Sub-Account to buy shares of the underlying mutual funds based on Contract Owner instructions. Nationwide buys and sells the mutual fund shares at their respective net asset value (NAV). Any dividends and distributions from a mutual fund are reinvested at NAV in shares of that mutual fund.

Information about each underlying mutual fund, including its name, type, adviser and subadviser (if applicable), current expenses, and performance, is available in *Appendix A: Investment Options Available Under the Contract*. Each underlying mutual fund issues its own prospectus that contains more detailed information about the underlying mutual fund. **Contract Owners can obtain prospectuses for underlying mutual funds free of charge at any time by visiting the website listed in *Appendix A: Investment Options Available Under the Contract* or contacting the Service Center (see *Contacting the Service Center*). Contract Owners should read these prospectuses carefully before investing.**

*Underlying mutual funds in the Variable Account are NOT publicly available mutual funds.* They are only available as investment options in variable life insurance policies or variable annuity contracts issued by life insurance companies, or in some cases, through participation in certain qualified pension or retirement plans.

The investment advisers of the underlying mutual funds may manage publicly available mutual funds with similar names and investment objectives. However, the underlying mutual funds are NOT the same as any publicly available mutual fund. Contract Owners should not compare the performance of a publicly available fund with the performance of underlying mutual funds participating in the Variable Account. The performance of the underlying mutual funds could differ substantially from that of any publicly available funds.

The particular underlying mutual funds available under the contract may change from time to time. Specifically, underlying mutual funds or underlying mutual fund share classes that are currently available may be removed or closed off to future investment. New underlying mutual funds or new share classes of currently available underlying mutual funds may be added. Contract Owners will receive notice of any such changes that affect their contract. The underlying mutual funds, which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreements and discontinue offering their shares to the Sub-Accounts.

In the future, additional underlying mutual funds managed by certain financial institutions, brokerage firms, or their affiliates may be added to the Variable Account. These additional underlying mutual funds may be offered exclusively to purchasing customers of the particular financial institution or brokerage firm, or through other exclusive distribution arrangements.

***Voting Rights*** 

Contract Owners are not shareholders of the underlying mutual funds in which the Sub-Accounts invest; however, Contract Owners with assets allocated to Sub-Accounts are entitled to certain voting rights. Nationwide will vote underlying mutual fund shares at shareholder meetings based on Contract Owner instructions and the instructions of owners of other contracts supported by the Variable Account. However, if the law changes and Nationwide is allowed to vote in its own right, it may elect to do so.

Contract Owners with voting interests in an underlying mutual fund will be notified of issues requiring shareholder vote as soon as possible before the shareholder meeting. Notification will contain proxy materials and a form with which to give Nationwide voting instructions. Nationwide will vote shares for which no instructions are received in the same proportion as those that are received. What this means is that when only a small number of Contract Owners vote, each vote has a greater impact on, and may control, the outcome.

The number of shares which a Contract Owner may vote is determined by dividing the cash value of the amount they have allocated to an underlying mutual fund by the Net Asset Value of that underlying mutual fund (as of a date set by the underlying mutual fund).

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***Material Conflicts*** 

The underlying mutual funds may be offered through separate accounts of other insurance companies, as well as through other separate accounts of Nationwide. Nationwide does not anticipate any disadvantages to this. However, it is possible that a conflict may arise between the interests of the Variable Account and one or more of the other separate accounts in which these underlying mutual funds participate.

Material conflicts may occur due to a change in law affecting the operations of variable life insurance policies and variable annuity contracts, or differences in the voting instructions of the Contract Owners and those of other companies. If a material conflict occurs, Nationwide will take whatever steps are necessary to protect Contract Owners and variable annuity payees, including withdrawal of the Variable Account from participation in the underlying mutual fund(s) involved in the conflict.

***Substitution of Securities*** 

Nationwide may substitute shares of another underlying mutual fund for shares already purchased or to be purchased in the future if either of the following occurs:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) shares of a current underlying mutual fund are no longer available for investment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) further investment in an underlying mutual fund is inappropriate.

Nationwide will not substitute shares of any underlying mutual fund in which the Sub-Accounts invest without any necessary prior approval of the appropriate state or federal regulatory authorities. All affected Contract Owners will be notified in the event there is a substitution, elimination, or combination of shares.

The substitute underlying mutual fund may have different fees and expenses. Substitution may be made with respect to existing investments or the investment of future purchase payments, or both. Nationwide may close Sub-Accounts to allocations of purchase payments or Contract Value, or both, at any time in its sole discretion. The underlying mutual funds, which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreements and discontinue offering their shares to the Sub-Accounts.

***Deregistration of the Variable Account*** 

Nationwide may deregister the Variable Account under the 1940 Act in the event the Variable Account meets an exemption from registration under the 1940 Act, if there are no outstanding contracts supported by the Variable Account, or for any other purpose approved by the SEC.

No deregistration may take place without the prior approval of the SEC. All affected Contract Owners will be notified in the event Nationwide deregisters the Variable Account. If the Variable Account is deregistered, Nationwide's contractual obligations to the Contract Owner will continue.

**The Fixed Account** 

The Contract Owner can allocate Contract Value to the Fixed Account, subject to conditions imposed by the contract. The Fixed Account is an investment option that is funded by assets of Nationwide's General Account. The General Account contains all of Nationwide's assets other than those in the Variable Account and other Nationwide separate accounts and is used to support Nationwide's annuity and insurance obligations. The General Account is not subject to the same laws as the Variable Account.

Information regarding the Fixed Account, including (i) its name; (ii) interest rate guarantee period; and (iii) its minimum guaranteed interest rate, is available in *Appendix A: Investment Options Available Under the Contract.* 

Purchase payments will be allocated to the Fixed Account by election of the Contract Owner. Nationwide reserves the right to limit or refuse purchase payments and/or transfers allocated to the Fixed Account at its sole discretion. Generally, Nationwide will invoke this right when interest rates are low by historical standards. Nationwide also reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guaranteed period. State law requires Nationwide to reserve the right to postpone payment or transfer out of the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request. The Fixed Account may not be available in every state.

Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Extra Value Option is elected. These restrictions may be imposed at Nationwide's sole discretion when economic conditions are such that Nationwide is unable to recoup the cost of providing the up-front Extra Value Option credits.

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The investment income earned by the Fixed Account will be allocated to the contracts at varying guaranteed interest rate(s) depending on the following categories of Fixed Account allocations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New Money Rate – The rate credited on the Fixed Account allocation when the contract is purchased or when subsequent purchase payments are made. Subsequent purchase payments may receive different New Money Rates than the rate when the contract was issued, since the New Money Rate is subject to change based on market conditions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable Account to Fixed Rate – Allocations transferred from any of the Sub-Accounts to the Fixed Account may receive a different rate. The rate may be lower than the New Money Rate. There may be limits on the amount and frequency of movements from the Sub-Accounts to the Fixed Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Renewal Rate – The rate available for maturing Fixed Account allocations which are entering a new guarantee period. The Contract Owner will be notified of this rate in a letter issued with the quarterly statements when a Contract Owner's Fixed Account allocation matures. At that time, the Contract Owner will have an opportunity to leave the money in the Fixed Account and receive the Renewal Rate or the Contract Owner can move the money to any of the other investment options. If no instruction is received by Nationwide, the Contract Owner will remain invested in the Fixed Account and will receive the Renewal Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Dollar Cost Averaging Rate – From time to time, Nationwide may offer a more favorable rate for an initial purchase payment into a new contract when used in conjunction with a Dollar Cost Averaging program. Rates will vary depending on the Dollar Cost Averaging program elected (see *Contract Owner Services*).

All of these rates are subject to change on a daily basis; however, once applied to the Fixed Account, the interest rates are guaranteed until the end of the calendar quarter during which the 12-month anniversary of the Fixed Account allocation occurs.

Credited interest rates are annualized rates – the effective yield of interest over a one-year period. Interest is credited to each contract on a daily basis. As a result, the credited interest rate is compounded daily to achieve the stated effective yield.

The guaranteed rate for any purchase payment will be effective for not less than 12 months. Nationwide guarantees that the rate will not be less than 1.50% per year. Contracts may be subject to a higher minimum guaranteed interest rate based on the date the contract was issued and/or state of issue. Any interest in excess of the minimum interest rate will be credited to Fixed Account allocations at Nationwide's sole discretion.

Nationwide guarantees that the value of Fixed Account allocations will not be less than the amount of the purchase payments and Extra Value Option credits allocated to the Fixed Account, plus interest credited as described above, less any withdrawals, Extra Value Option credits recaptured, and any applicable charges including CDSC.

***Fixed Account Interest Rate Guarantee Period*** 

The Fixed Account interest rate guarantee period is the period of time that the Fixed Account interest rate is guaranteed to remain the same. During a Fixed Account interest rate guarantee period, transfers cannot be made from the Fixed Account, and amounts transferred to the Fixed Account must remain on deposit.

For new purchase payments allocated to the Fixed Account and transfers to the Fixed Account, the Fixed Account interest rate guarantee period begins on the date of deposit or transfer and ends on the one-year anniversary of the deposit or transfer. The guaranteed interest rate period may last for up to three months beyond the one-year anniversary because guaranteed terms end on the last day of a calendar quarter.

***Fixed Account Charges Assessed for Certain Optional Benefits*** 

All interest rates credited to the Fixed Account will be determined as previously described. However, for contracts with certain optional benefits elected, a charge is assessed to assets allocated to the Fixed Account by reducing the interest crediting rate. Consequently, the charge assessed for the optional benefit will result in a lower credited interest rate (reduced by the amount of the charge).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Beneficiary Protector Option has a Fixed Account charge equal to 0.40%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Extra Value Option has a Fixed Account charge equal to 0.45% for the first seven Contract Years.

Even if the credited interest rate is reduced by an optional benefit charge, Nationwide guarantees that the interest rate credited to any assets in the Fixed Account will never be less than the minimum interest rate.

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**Guaranteed Term Options** 

Guaranteed Term Options or GTOs are separate investment options under the contract. Effective May 1, 2025, GTOs are not available to receive new allocations, transfers, or renewals. The minimum amount that may be allocated to a GTO is $1,000. Allocations to a Guaranteed Term Option are held in a separate account, established by Nationwide pursuant to Ohio law, to aid in the reserving and accounting for Guaranteed Term Option obligations. The separate account's assets are held separately from Nationwide's other assets and are not chargeable with liabilities incurred in any other business of Nationwide. However, Nationwide's General Account assets are available for the purpose of meeting the guarantees of any Guaranteed Term Option, subject to Nationwide's claims-paying ability. A Guaranteed Term Option prospectus should be read along with this prospectus. Guaranteed Term Options may not be available in every state.

Guaranteed Term Options provide a guaranteed rate of interest over four different maturity durations: three (3), five (5), seven (7) or ten (10) years. **Note:** The guaranteed term may last for up to three months beyond the 3, 5, 7, or 10-year period since every guaranteed term will end on the final day of a calendar quarter.

For the duration selected, Nationwide will declare a guaranteed interest rate. The guaranteed interest rate will be credited to amounts allocated to the Guaranteed Term Option unless the Contract Owner takes a withdrawal from their GTO allocation before the maturity date. Nationwide guarantees that the guaranteed interest rate will not be less than 0.00% per year.

A withdrawal or transfer from a GTO prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. A market value adjustment can increase or decrease the amount withdrawn depending on fluctuations in constant maturity treasury rates. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred. No market value adjustment will be applied if Guaranteed Term Option allocations are held to maturity.

Because a market value adjustment can affect the value of a withdrawal, its effects should be carefully considered before surrendering or transferring from Guaranteed Term Options. Contact the Service Center for additional information on the GTOs.

Information regarding each Guaranteed Term Option, including (i) its name; (ii) interest rate guarantee period; and (iii) its minimum guaranteed interest rate, is available in *Appendix A: Investment Options Available Under the Contract*.

***Target Term Options*** 

Due to certain state requirements, in some states, Nationwide uses Target Term Options instead of Guaranteed Term Options in connection with the Capital Preservation Plus Option. Target Term Options are not available separate from the Capital Preservation Plus Option.

For all material purposes, Guaranteed Term Options and Target Term Options are the same. Target Term Options are managed and administered identically to Guaranteed Term Options. The distinction is that the interest rate associated with Target Term Options is not guaranteed as it is in Guaranteed Term Options. However, because the options are managed and administered identically, the result to the investor is the same.

All references in this prospectus to Guaranteed Term Options in connection with the Capital Preservation Plus Option will also mean Target Term Options (in applicable jurisdictions). Contact the Service Center for more information on the Guaranteed Term Options.

***GTO Charges Assessed for Certain Optional Benefits*** 

For contracts with certain optional benefits elected, a charge is assessed to assets allocated to the Guaranteed Term Options by reducing the guaranteed rate of return. Consequently, the charge assessed for the optional benefit will result in a lower guaranteed rate of return (reduced by the amount of the charge).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Extra Value Option has a GTO charge equal to 0.45% for the first seven Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Beneficiary Protector Option has a GTO charge equal to 0.40%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Capital Preservation Plus Option has a GTO charge equal to 0.50%.

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**Contacting the Service Center** 

All inquiries, paperwork, information requests, service requests, and transaction requests should be made to the Service Center:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by telephone at 1-800-848-6331 (TDD 1-800-238-3035)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by mail to P.O. Box 182021, Columbus, Ohio 43218-2021

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by fax at 1-888-634-4472

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by Internet at www.nationwide.com.

Nationwide reserves the right to restrict or remove the ability to submit service requests via Internet, phone, or fax upon written notice.

Not all methods of communication are available for all types of requests. To determine which methods are permitted for a particular request, refer to the specific transaction provision in this prospectus or call the Service Center. Requests submitted by means other than described in this prospectus could be returned or delayed.

Service and transaction requests will generally be processed on the Valuation Date they are received at the Service Center as long as the request is in good order, see *Operation of the Contract*. Good order generally means that all necessary information to process the request is complete and in a form acceptable to Nationwide. If a request is not in good order, Nationwide will take reasonable actions to obtain the information necessary to process the request. Requests that are not in good order may be delayed or returned. Nationwide reserves the right to process any purchase payment or withdrawal request sent to a location other than the Service Center on the Valuation Date it is received at the Service Center. On any day the post office is closed, Nationwide is unable to retrieve service and transaction requests that are submitted by mail. This will result in a delay of the delivery of those requests to the Service Center.

Nationwide will use reasonable procedures to confirm that instructions are genuine and will not be liable for following instructions that it reasonably determined to be genuine. Nationwide may record telephone requests. Telephone and computer systems may not always be available. Any telephone system or computer can experience outages or slowdowns for a variety of reasons. The outages or slowdowns could prevent or delay processing. Although Nationwide has taken precautions to support heavy use, it is still possible to incur an outage or delay. To avoid technical difficulties, submit transaction requests by mail.

**Charges and Adjustments**

**Mortality and Expense Risk Charge**

Nationwide deducts a Mortality and Expense Risk Charge equal to an annualized rate of 0.95% of the Daily Net Assets. The Mortality and Expense Risk Charge compensates Nationwide for providing the insurance benefits under the contract, including the contract's standard death benefit. It also compensates Nationwide for assuming the risk that Annuitants will live longer than assumed. Finally, the Mortality and Expense Risk Charge compensates Nationwide for guaranteeing that charges will not increase regardless of actual expenses. Nationwide may realize a profit from this charge.

**Contingent Deferred Sales Charge**

No sales charge deduction is made from purchase payments upon deposit into the contract. However, if any part of the contract is withdrawn, Nationwide may deduct a CDSC. The CDSC will not exceed 7% of purchase payments withdrawn.

The CDSC is calculated by multiplying the applicable CDSC percentage (noted in the following table) by the amount of purchase payments withdrawn. For purposes of calculating the CDSC, withdrawals are considered to come first from the oldest purchase payment made to the contract, then the next oldest purchase payment, and so forth. CDSC provisions vary by state. Refer to the contract for state specific information.

The CDSC applies as follows:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5** | **6** | **7+** |
| CDSC Percentage | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 5% | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 3% | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 0% |

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Earnings are not subject to the CDSC, but may not be distributed prior to the distribution of all purchase payments. (For tax purposes, a withdrawal is usually treated as a withdrawal of earnings first.)

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The CDSC is used to cover sales expenses, including commissions, production of sales material, and other promotional expenses. If expenses are greater than the CDSC, the shortfall will be made up from Nationwide's general assets, which may indirectly include portions of the Variable Account charges, since Nationwide may generate a profit from these charges.

All or a portion of any withdrawal may be subject to federal income taxes. Contract Owners taking withdrawals before age 59½ may be subject to a 10% penalty tax.

Additional purchase payments applied to the contract after receiving the benefit associated with the Spousal Protection Feature are subject to the CDSC provisions of the contract. However, no CDSC will apply to purchase payments applied to the contract before the death of the first spouse.

***Waiver of Contingent Deferred Sales Charge***

The maximum amount that can be withdrawn annually without a CDSC is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 10% of purchase payments that are still subject to CDSC (which is equal to the total purchase payments subject to CDSC minus purchase payments previously withdrawn that were subject to CDSC) ; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) any amount withdrawn to meet minimum distribution requirements for this contract under the Internal Revenue Code.

This CDSC-free withdrawal privilege is non-cumulative. Free amounts not taken during any given Contract Year cannot be taken as free amounts in a subsequent Contract Year.

**Note:** CDSC-free withdrawals do not count as "purchase payments previously withdrawn that were subject to CDSC" and, therefore, do not reduce the amount used to calculate subsequent CDSC-free withdrawal amounts.

In addition, no CDSC will be deducted:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) upon the annuitization of contracts which have been in force for at least two years;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) upon payment of a death benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) from any values which have been held under a contract for at least seven years (five years if the Five-Year CDSC is elected); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) if an optional death benefit is elected and the conditions described in the Long-Term Care/Nursing Home and Terminal Illness Waiver section are met.

No CDSC applies to transfers between or among the various investment options in the contract.

A contract held by a Charitable Remainder Trust (within the meaning of Internal Revenue Code Section 664) may withdraw the greater of (i) the amount available under the CDSC-free withdrawal privilege described above, and (ii) the difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Contract Value at the close of the day prior to the date of the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the total purchase payments made to the contract as of the date of the withdrawal (less an adjustment for amounts previously withdrawn).

The CDSC will not be eliminated if to do so would be unfairly discriminatory or prohibited by state law.

***Long-Term Care/Nursing Home and Terminal Illness Waiver***

The death benefit options (but not the standard death benefit) include a Long-Term Care/Nursing Home and Terminal Illness Waiver. This benefit may not be available in every state.

Under this provision, no CDSC will be charged if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the third Contract Anniversary has passed and the Contract Owner has been confined to a long-term care facility or hospital for a continuous 90-day period that began after the contract issue date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Contract Owner has been diagnosed by a physician at any time after contract issuance to have a terminal illness and Nationwide receives and records a letter from that physician indicating such diagnosis.

Written notice and proof of terminal illness or confinement for 90 days in a hospital or long-term care facility must be received in a form satisfactory to Nationwide and recorded at the Service Center prior to waiver of the CDSC.

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In the case of joint ownership, the waivers will apply if either joint owner meets the qualifications listed above.

For those contracts that have a non-natural person as Contract Owner as an agent for a natural person, the Annuitant may exercise the right of the Contract Owner for purposes described in this provision. If the non-natural Contract Owner does not own the contract as an agent for a natural person (e.g., the Contract Owner is a corporation or a trust for the benefit of an entity), the Annuitant may not exercise the rights described in this provision.

**Note:** The benefit associated with this feature is the waiver of CDSC under certain circumstances. This feature is not intended to provide or imply that the contract provides long-term care or nursing home insurance coverage.

**Premium Taxes**

Certain states or other governmental entities charge premium tax on purchase payments. Nationwide will charge against the Contract Value any premium taxes levied by a state or other government entity. Premium tax rates currently range from 0% to 3.5% and vary from state to state. The range is subject to change. Nationwide will assess premium taxes to the contract at the time Nationwide is assessed the premium taxes by the state. **Premium taxes may be deducted from death benefit proceeds.**

**Loan Processing Fee and Loan Interest Charge** 

Nationwide charges a Loan Processing Fee at the time each new loan is processed. The Loan Processing Fee will not exceed $25 per loan processed. This fee compensates Nationwide for expenses related to administering and processing loans. Some states may not allow Nationwide to assess a Loan Processing Fee. The fee is taken from all of the investment options in proportion to the Contract Value at the time the loan is processed.

Nationwide also assesses a loan interest charge, assessed as a reduction to the credited interest rate. The loan interest rate is determined, based on market conditions, at the time of loan application or issuance. The loan balance in the collateral Fixed Account is credited with interest at 2.25% less than the loan interest rate. Thus, the net loan interest charge is an annual rate of 2.25%, which is applied against the outstanding loan balance. The Annual Loan Interest Charge will not exceed 2.25%.

For more detailed information about loans, see *Loan Privilege*.

**Reduced Purchase Payment Option** 

For an additional charge equal to an annualized rate of 0.25% of the Daily Net Assets, an applicant can elect the Reduced Purchase Payment Option. The charge will be assessed until the annuitization unless the Contract Owner terminates the option. The Reduced Purchase Payment Option reduces the initial purchase payment for that contract to $1,000 and the minimum subsequent purchase payment for that contract to $25. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Five Year CDSC Option** 

For an additional charge equal to an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the Five-Year CDSC Option, which reduces the standard CDSC schedule to a five-year CDSC schedule. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Additional Withdrawal Without Charge and Disability Waiver** 

Each contract has a standard 10% CDSC-free withdrawal privilege each year. For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, the Contract Owner can, each year, withdraw an additional 5% of total purchase payments without incurring a CDSC. This option also contains a disability waiver whereby Nationwide will waive CDSC if a Contract Owner (or Annuitant if the contract is owned by a non-natural owner) is disabled after the contract is issued but before reaching age 65. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

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**10 Year and Disability Waiver** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can elect the 10 Year and Disability Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner has been the owner of the contract for at least 10 years, and the Contract Owner has made regular payroll deferrals during the entire Contract Year for at least five of those 10 years. This option also contains a disability waiver whereby Nationwide will waive CDSC if the Contract Owner is disabled after the contract is issued but before reaching age 65. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Hardship Waiver** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can purchase the Hardship Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner experiences a hardship (as defined for purposes of Internal Revenue Code Section 401(k)). The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is generally described as the greatest of Contract Value, net purchase payments, and highest Contract Value on any Contract Anniversary before Annuitant's 86<sup>th</sup> birthday, and includes the Spousal Protection Feature and the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**One-Year Step Up Death Benefit Option** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant can elect the One-Year Step Up Death Benefit Option. The One-Year Step Up Death Benefit Option is only available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. The One-Year Step Up Death Benefit Option is generally described as the greatest of Contract Value, net purchase payments, and highest Contract Value on any Contract Anniversary before Annuitant's 86th birthday, and includes the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection** 

For an additional charge at an annualized rate of 0.20% of the Daily Net Assets, an applicant can elect the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection. The Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is generally described as the greatest of Contract Value, net purchase payments, highest Contract Value on any Contract Anniversary before Annuitant's 86th birthday, and the interest anniversary value (purchase payments, accumulated at the Interest Anniversary Rate until the last Contract Anniversary prior to the Annuitant's 86th birthday), and includes the Spousal Protection Feature and the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**5% Enhanced Death Benefit Option** 

For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, an applicant can elect 5% Enhanced Death Benefit Option. The 5% Enhanced Death Benefit Option is only 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. The 5% Enhanced Death Option is generally described as the greater of Contract Value and the interest anniversary value (purchase payments, accumulated at the Interest Anniversary Rate until the last Contract Anniversary

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prior to the Annuitant's 86th birthday), and includes the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Guaranteed Minimum Income Benefit Options** 

For contracts issued prior to May 1, 2003, two Guaranteed Minimum Income Benefit Options were available at the time of application. If the applicant elected one or both of the Guaranteed Minimum Income Benefit Options, Nationwide will deduct an additional charge at an annualized rate of 0.45% and/or 0.30% of the Daily Net Assets, depending on the option chosen. The charge will be assessed until annuitization. A GMIB is a benefit that ensures the availability of a minimum amount when the Contract Owner wishes to annuitize the contract. This minimum amount may be used to provide a guaranteed level of lifetime annuity payments. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Extra Value Option** 

Applicants can elect the Extra Value Option, in which case Nationwide will apply a credit to the contract equal to 3% of each purchase payment made to the contract for the first 12 months the contract is in force. In exchange, Nationwide will assess an additional charge equal to an annualized rate of 0.45% of the Daily Net Assets for the first seven Contract Years. In addition, allocations made to the Fixed Account and the GTOs will be assessed a fee of 0.45% for the first seven Contract Years. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Beneficiary Protector Option** 

For an additional charge equal to an annualized rate of 0.40% of the Daily Net Assets, an applicant or an existing Contract Owner can elect the Beneficiary Protector Option. In addition, allocations to the Fixed Account or the Guaranteed Term Options will be assessed a fee of 0.40%. The charge will be assessed until the earlier of annuitization or after the benefit has been credited to the contract. The Beneficiary Protector Option provides that upon the death of the Annuitant, and in addition to any death benefit payable, Nationwide will credit an additional amount to the contract (the "benefit"). For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Capital Preservation Plus Option** 

For contracts with the Capital Preservation Plus Option, Nationwide will assess an additional charge equal to an annualized rate of 0.50% of the Daily Net Assets. In addition, allocations to the Guaranteed Term Options will be assessed a fee of 0.50%. The charge will be assessed until annuitization. The Capital Preservation Plus Option provides a "return of principal" guarantee over an elected period of time. Contract Value at the end of the program period will be no less than Contract Value at the beginning of the program period, regardless of market performance. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Removal of Variable Account Charges** 

For certain optional benefits, a charge is assessed only for a specified period of time. To remove the charge, Nationwide systematically re-rates the contract. This re-rating results in lower contract charges, but no change in Contract Value or any other contractual benefit.

Re-rating involves two steps: the adjustment of contract expenses and the adjustment of the number of units in the contract.

The first step, the adjustment of contract expenses, involves removing the charge from the unit value calculation.

***Example:***<br>

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&nbsp;&nbsp; On a contract where the only optional benefit elected is the Extra Value Option, the Variable <br> Account value will be calculated using unit values with Variable Account charges of 1.40% <br> for the first seven Contract Years. At the end of that period, the charge associated with the <br> Extra Value Option will be removed. From that point on, the Variable Account value will be <br> calculated using the unit values with Variable Account charges at 0.95%. Thus, the Extra <br> Value Option charge is no longer included in the daily Sub-Account valuation for the <br> contract.<br>

The second step of the re-rating process, the adjustment of the number of units in the contract, is necessary in order to keep the re-rating process from altering the Contract Value. Generally, for any given Sub-Account, the higher the Variable Account charges, the lower the unit value, and vice versa.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Sub-Account X with charges of 1.40% will have a lower unit value than Sub-Account X with <br> charges of 0.95% (higher expenses result in lower unit values). When, upon re-rating, the <br> unit values used in calculating Variable Account value are dropped from the higher expense <br> level to the lower expense level, the higher unit values will cause an incidental increase in <br> the Contract Value. In order to avoid this incidental increase, Nationwide adjusts the number <br> of units in the contract down so that the Contract Value after the re-rating is the same as the <br> Contract Value before the re-rating.<br>|

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**Underlying Mutual Fund Charges** 

In addition to the charges indicated above, the underlying mutual funds in which the Sub-Accounts invest have their own fees and charges which are paid out of the assets of the underlying mutual fund. More information about the fees and charges of the underlying mutual funds can be found in the prospectus for each underlying mutual fund which can be obtained free of charge by visiting the website listed in *Appendix A: Investment Options Available Under the Contract* or contacting Nationwide's Service Center.

**Market Value Adjustment** 

A withdrawal or transfer from a Guaranteed Term Option (GTO) prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

A market value adjustment is in addition to any applicable CDSC.

The market value adjustment is determined by multiplying a market value adjustment factor (arrived at by using the market value adjustment formula, which can be obtained by contacting the Service Center) by the "specified value" (or the portion of the specified value being withdrawn), which is the amount allocated to the GTO, plus interest accrued at the specified interest rate, minus prior withdrawals. The market value adjustment may either increase or decrease the amount of the withdrawal.

The market value adjustment is intended to approximate, without duplicating, Nationwide's experience when it liquidates assets in order to satisfy contractual obligations. Such obligations arise when contract owners make withdrawals, or when the operation of the contract requires a distribution.

A Contract Owner may call the Service Center to obtain the current market value adjustment applicable to each of their Guaranteed Term Options. The market value adjustment fluctuates daily, and the quoted market value adjustment may differ from the actual market value adjustment assessed on a withdrawal or transfer.

Because a market value adjustment can affect the value of a withdrawal, its effects should be carefully considered before surrendering or transferring from Guaranteed Term Options. Contact the Service Center for additional information on the Guaranteed Term Options.

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**Profitability** 

Nationwide does consider profitability when determining the charges in the contract. In early Contract Years, Nationwide does not anticipate earning a profit, since that is a time when administrative and distribution expenses are typically higher. Nationwide does, however, anticipate earning a profit in later Contract Years. In general, Nationwide's profit will be greater the higher the investment return and the longer the contract is held.

**The Contract in General**

**Types of Contracts Issued** 

The contracts may be issued as either individual or group contracts. In those states where contracts are issued as group contracts, references throughout this prospectus to "contract(s)" will also mean "certificate(s)" and "Contract Owner" will mean "participant" unless the plan permits or requires the Contract Owner to exercise contract rights under the terms of the plan.

The contracts can be categorized as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Charitable Remainder Trusts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Individual Retirement Annuities ("IRAs") with contributions rolled over or transferred from certain tax-qualified plans\*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Investment-Only Contracts (Qualified Plans)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-Qualified Contracts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Roth IRAs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Simplified Employee Pension IRAs ("SEP IRAs")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Simple IRAs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tax Sheltered Annuities with contributions rolled over or transferred from certain Tax Sheltered Annuities\*

\*

Contributions are not required to be rolled over or transferred if the Contract Owner elects the Reduced Purchase Payment Option.

Nationwide no longer issues the contract as a Tax Sheltered Annuity, except to participants in ERISA and ORP plans that have purchased a Nationwide individual annuity contract before September 25, 2007.

For more detailed information about the differences in contract types, see *Appendix B: Contract Types and Tax Information*.

The contracts described in this prospectus are no longer available for purchase.

**Minimum Initial and Subsequent Purchase Payments**

All purchase payments must be paid in the currency of the United States of America. The minimum initial purchase payment is $15,000. The minimum subsequent purchase payment is $1,000.

If the Contract Owner elects the Reduced Purchase Payment Option, minimum initial and subsequent purchase payment requirements will be reduced accordingly.

Some states have different minimum initial and subsequent purchase payment amounts, and subsequent purchase payments may not be permitted in all states. Contact the Service Center for information on initial and subsequent purchase payment requirements in a particular state.

Extra Value Option credits may not be used to meet minimum purchase payment requirements.

**Nationwide reserves the right to refuse any purchase payment that would result in the cumulative total for all contracts issued by Nationwide or its affiliates or subsidiaries on the life of any one Annuitant or owned by any one Contract Owner to exceed $1,000,000.** Its decision as to whether or not to accept a purchase payment in excess of that amount will be based on one or more factors, including, but not limited to: age, spouse age (if applicable), Annuitant age, state of issue, total purchase payments, optional benefits elected, current market conditions, and current hedging costs. All such decisions will be based on internally established actuarial guidelines and will be applied in a non-discriminatory manner. In the event that Nationwide does not accept a purchase payment under these guidelines, the purchase payment will be immediately returned in its entirety in the same manner as it was received. If Nationwide

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accepts the purchase payment, it will be applied to the contract immediately and will receive the next calculated Accumulation Unit value. Any references in this prospectus to purchase payment amounts in excess of $1,000,000 are assumed to have been approved by Nationwide.

Nationwide prohibits subsequent purchase payments made after death of the Contract Owner(s), the Annuitant, or Co-Annuitant. If upon notification of death of the Contract Owner(s), the Annuitant, or Co-Annuitant, it is determined that death occurred prior to a subsequent purchase payment being made, Nationwide reserves the right to return the purchase payment.

**Dollar Limit Restrictions** 

Certain features of the contract have additional purchase payment and/or Contract Value limitations associated with them:

*Guaranteed Term Options.* The minimum amount that may be allocated to a Guaranteed Term Option is $1,000.

**Money Laundering** 

In order to comply with the USA PATRIOT Act and rules promulgated thereunder, Nationwide has implemented procedures designed to prevent contracts described in this prospectus from being used to facilitate money laundering or the financing of terrorist activities. If mandated under applicable law, Nationwide may be required to reject a purchase payment and/or block a Contract Owner's account and thereby refuse to process any request for transfers, withdrawals, surrenders, loans, or death benefits until instructions are received from the appropriate regulators. Nationwide may also be required to provide additional information about a Contract Owner or a Contract Owner's account to governmental regulators.

**Replacements** 

If the contract described in this prospectus is replacing another variable annuity, the mortality tables used to determine the amount of annuity payments for this contract may be less favorable than those in the contract being replaced. Additionally, upon replacement, all benefits accrued under the replaced contract are forfeited. The issuance of this contract as a replacement for any investment product may result in the payment of compensation to the financial professional, which could create a conflict of interest.

**Contestability** 

Nationwide will not contest the contract.

**Payments to Minors** 

Nationwide will not pay insurance proceeds directly to minors. Contact a legal advisor for options to facilitate the timely availability of monies intended for a minor's benefit.

**Contract Misuse** 

The annuity described in this prospectus is intended to provide benefits to a single individual and his/her beneficiaries. It is not intended to be used by institutional investors, in connection with other Nationwide contracts that have the same Annuitant, or in connection with other Nationwide contracts that have different Annuitants, but the same Contract Owner. If Nationwide determines that the risks it intended to assume in issuing the contract have been altered by misusing the contract as described above, Nationwide reserves the right to take any action it deems necessary to reduce or eliminate the altered risk. Nationwide also reserves the right to take any action it deems necessary to reduce or eliminate altered risk resulting from materially false, misleading, incomplete, or otherwise deficient information provided by the Contract Owner.

**Nationwide's General Account Obligations** 

Nationwide is obligated to pay all amounts promised to Contract Owners under the contract. Any obligations Nationwide has to Contract Owners under the contracts in excess of the Contract Value are paid from the General Account and are subject to Nationwide's creditors and ultimately, its overall claims paying ability.

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**Contractual Guarantees** 

These contracts are offered to customers of various financial institutions and brokerage firms. No financial institution or brokerage firm is responsible for any of the contractual insurance benefits and features guaranteed under the contracts. *These guarantees are the sole responsibility of Nationwide*.

**Reservation of Rights**

In addition to rights that Nationwide specifically reserves elsewhere in this prospectus, Nationwide reserves the right, subject to any applicable regulatory approvals, to perform any or all of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• close Sub-Accounts to additional purchase payments on existing contracts or close Sub-Accounts for contracts purchased on or after specified dates. Changes of this nature will be made as directed by the underlying mutual funds or because Nationwide determines that the underlying mutual fund is no longer suitable (see *Underlying Mutual Fund Service Fee Payments)*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make changes required by any change in the federal securities laws, including, but not limited to, the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, or any other changes to the Securities and Exchange Commission's rules and regulations thereunder or interpretation thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make any changes necessary to maintain the status of the contracts as annuities under the Internal Revenue Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make any changes required by federal or state laws with respect to annuity contracts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• suspend or discontinue sale of the contracts. The decision to suspend or discontinue sale of the contracts is made at Nationwide's discretion. Any decision of this nature would not impact current Contract Owners.

Contract Owners will be notified of any resulting changes by way of a supplement to the prospectus.

**Distribution, Promotional, and Sales Expenses** 

Nationwide pays commissions to the firms that sell the contracts. The maximum gross commission that Nationwide will pay on the sale of the contracts is 6.5% of purchase payments. **Note:** The individual financial professionals typically receive only a portion of this amount; the remainder is retained by the firm. Nationwide may also, instead of a premium-based commission, pay an asset-based commission (sometimes referred to as "trails" or "residuals"), or a combination of the two.

In addition to or partially in lieu of commission, and to the extent permitted by SEC and FINRA rules and other applicable laws and regulations, Nationwide may also pay the selling firms a marketing allowance, which is based on the firm's ability and demonstrated willingness to promote and market Nationwide's products. How any marketing allowance is spent is determined by the firm, but generally will be used to finance firm activities that may contribute to the promotion and marketing of Nationwide's products, which may include but not be limited to providing conferences or seminars, sales or training programs, advertising and sales campaigns regarding the contracts, and payments to assist a firm in connection with its administrative systems, operations and marketing expenses and/or other events or activities sponsored by the firms.

Nationwide may also host training and/or educational meetings including the cost of travel, accommodations and meals for firms that sell the contracts as well as assist such firms with marketing or advertisement costs.

For more information on the exact compensation arrangement associated with this contract, consult your financial professional.

**Underlying Mutual Fund Service Fee Payments** 

***Nationwide's Relationship with the Underlying Mutual Funds*** 

The underlying mutual funds incur expenses each time they sell, administer, or redeem their shares. The Variable Account aggregates Contract Owner purchase, redemption, and transfer requests and submits net or aggregated purchase/redemption requests to each underlying mutual fund on each Valuation Date. The Variable Account (not the Contract Owners) is the underlying mutual fund shareholder. When the Variable Account aggregates transactions, the underlying mutual fund does not incur the expense of processing individual transactions it would normally incur if it sold its shares directly to the public. Nationwide incurs these expenses instead.

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Nationwide also incurs the distribution costs of selling the contract (as discussed above), which benefit the underlying mutual funds by providing Contract Owners with Sub-Account options that correspond to the underlying mutual funds.

An investment adviser or subadviser of an underlying mutual fund or its affiliates may provide Nationwide or its affiliates with wholesaling services that assist in the distribution of the contract and may pay Nationwide or its affiliates to participate in educational and/or marketing activities. These activities may provide the adviser or subadviser (or their affiliates) with increased exposure to persons involved in the distribution of the contract.

***Types of Payments Nationwide Receives*** 

In light of the above, the underlying mutual funds and their affiliates make certain payments to Nationwide or its affiliates (the "payments"). The amount of these payments is typically based on a percentage of assets invested in the underlying mutual funds attributable to the contracts and other variable contracts Nationwide and its affiliates issue, but in some cases may involve a flat fee. These payments are made for various purposes, including payments for the services provided and expenses incurred by the Nationwide companies in promoting, marketing and administering the contracts and underlying funds. Nationwide may realize a profit on the payments received.

Nationwide or its affiliates receive the following types of payments:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Underlying mutual fund 12b-1 fees, which are deducted from underlying mutual fund assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Sub-transfer agent fees or fees pursuant to administrative service plans adopted by the underlying mutual fund, which may be deducted from underlying mutual fund assets; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Payments by an underlying mutual fund's adviser or subadviser (or its affiliates), from their own revenues. Such payments are not from underlying mutual fund assets. However, the revenues from which such payments are made may be derived from advisory fees, which are deducted from underlying mutual fund assets and are reflected in mutual fund charges.

Furthermore, Nationwide benefits from assets invested in Nationwide's affiliated underlying mutual funds (*i.e.*, Nationwide Variable Insurance Trust) because its affiliates also receive compensation from the underlying mutual funds for investment advisory, administrative, transfer agency, distribution, and/or other services provided. Thus, Nationwide may receive more revenue with respect to affiliated underlying mutual funds than unaffiliated underlying mutual funds.

Nationwide took into consideration the anticipated mutual fund service fee payments from the underlying mutual funds when it determined the charges imposed under the contracts. Without these mutual fund service fee payments, Nationwide would have imposed higher charges under the contract.

***Amount of Payments Nationwide Receives*** 

For the year end December 31, 2025, the underlying mutual fund service fee payments Nationwide and its affiliates received from the underlying mutual funds did not exceed 0.75% (as a percentage of the average Daily Net Assets invested in the underlying mutual funds) offered through the contract or other variable contracts that Nationwide and its affiliates issue. Payments from investment advisers or subadvisers to participate in educational and/or marketing activities have not been taken into account in this percentage.

Most underlying mutual funds or their affiliates have agreed to make payments to Nationwide or its affiliates, although the applicable percentages may vary from underlying mutual fund to underlying mutual fund and some may not make any payments at all. Because the amount of the actual payments Nationwide and its affiliates receive depends on the assets of the underlying mutual funds attributable to the contract, Nationwide and its affiliates may receive higher payments from underlying mutual funds with lower percentages (but greater assets) than from underlying mutual funds that have higher percentages (but fewer assets).

For contracts owned by an employer sponsored retirement plan subject to ERISA, upon a plan trustee's request, Nationwide will provide a best estimate of plan-specific, aggregate data regarding the amount of underlying mutual fund service fee payments Nationwide received in connection with the plan's investments either for the previous calendar year or plan year, if the plan year is not the same as the calendar year.

***Identification of Underlying Mutual Funds*** 

Nationwide may consider several criteria when identifying the underlying mutual funds, including some or all of the following: investment objectives, investment process, risk characteristics, investment capabilities, experience and resources, investment consistency, fund expenses, asset class coverage, the alignment of the investment objectives of the underlying mutual fund with Nationwide's hedging strategy, the strength of the adviser's or subadviser's reputation and tenure, brand recognition, and the capability and qualification of each investment firm. Other factors Nationwide may

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consider during the identification process are: whether the underlying mutual fund's adviser or subadviser is a Nationwide affiliate; whether the underlying mutual fund or its service providers (e.g. the investment adviser or subadvisers), or its affiliates will make mutual fund service fee payments to Nationwide or its affiliates in connection with certain administrative, marketing, and support services; or whether affiliates of the underlying mutual fund can provide marketing and distribution support for sales of the contracts. For additional information on these arrangements, see above*.* Nationwide reviews the funds periodically and may remove a fund or limit its availability to new contributions and/or transfers of account value if Nationwide determines that a fund no longer satisfies one or more of the selection criteria, and/or if the fund has not attracted significant allocations from Contract Owners.

Nationwide does not recommend or endorse any particular fund and it does not provide investment advice.

There may be underlying mutual funds with lower fees and expenses, as well as other variable contracts that offer underlying mutual funds with lower fees and expenses. The purchaser should consider all of the fees and charges of the contract in relation to its features and benefits when making a decision to invest. **Note:** Higher contract and underlying mutual fund fees and expenses have a direct effect on and may lower investment performance.

**Treatment of Unclaimed Property** 

Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period of inactivity of three to five years from the contract's Annuity Commencement Date or the date Nationwide becomes informed that a death benefit is due and payable. For example, if the payment of a death benefit has been triggered, but, if after a thorough search, Nationwide is still unable to locate the beneficiary of the death benefit, or the beneficiary does not come forward to claim the death benefit in a timely manner, the death benefit will be surrendered and placed in a non-interest bearing account. While in the non-interest bearing account, Nationwide will continue to perform due diligence required by state law. Once the state mandated period has expired, Nationwide will escheat the death benefit to the abandoned property division or unclaimed property office of the state in which the beneficiary or the Contract Owner last resided, as shown on Nationwide's books and records, or to Ohio, Nationwide's state of domicile. If a claim is subsequently made, the state is obligated to pay any such amount (without interest) to the designated recipient upon presentation of proper documentation.

To prevent escheatment, it is important to update beneficiary designations - including complete names, complete addresses, phone numbers, and social security numbers - as they change. Such updates should be sent to the Service Center.

**Benefits Under the Contract** 

**The following tables summarize information about the benefits under the contract.** The Standard Benefits table indicates the benefits that are available under the contract and for which there is no additional charge. The Optional Benefits table indicates the benefits that are (or were) available under the contract that are optional – they must be affirmatively elected by the applicant and may have an additional charge. The availability of contract benefits may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations*).

**Standard Benefits Table** 

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|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Brief Description of Restrictions/Limitations** |
| Standard Death Benefit | Death benefit upon <br> death of Annuitant prior <br> to Annuitization<br>|  | &nbsp;&nbsp;&nbsp; ● Nationwide may limit purchase payments to <br> $1,000,000<br>|
| Asset Rebalancing (see <br> *Contract Owner* <br> *Services)*<br>| Automatic reallocation <br> of assets on a <br> predetermined <br> percentage basis<br>|  | &nbsp;&nbsp;&nbsp; ● Assets in the Fixed Account and GTOs are <br> excluded from the program<br>|

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| | | | |
|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Brief Description of Restrictions/Limitations** |
| Dollar Cost Averaging <br> (see *Contract Owner* <br> *Services)*<br>| Long-term transfer <br> program involving <br> automatic transfer of <br> assets<br>|  | &nbsp;&nbsp;&nbsp; ● Transfers are only permitted from the Fixed Account <br> and a limited number of Sub-Accounts<br> ● Transfers may not be directed to the Fixed Account <br> or GTOs<br> ● Transfers from the Fixed Account must be equal to <br> or less than 1/30th of the Fixed Account value at <br> the time the program is requested<br>|
| Enhanced Fixed <br> Account Dollar Cost <br> Averaging (see *Contract* <br> *Owner Services)*<br>| Long-term transfer <br> program involving <br> automatic transfer of <br> Fixed Account <br> allocations with higher <br> interest crediting rate<br>|  | &nbsp;&nbsp;&nbsp; ● Transfers are only permitted from the Fixed Account<br> ● Only new purchase payments to the contract are <br> eligible for the program<br> ● Transfers may not be directed to the Fixed Account <br> or GTOs<br>|
| Systematic Withdrawals <br> (see *Contract Owner* <br> *Services)*<br>| Automatic withdrawals <br> of Contract Value on a <br> periodic basis<br>|  | ● Withdrawals must be at least $100 each |

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**Optional Benefits Table** 

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Loans (see *Loan* <br> *Privilege*)<br>| Loan from Contract <br> Value<br>| $25 Loan <br> Processing <br> Fee and <br> 2.25% <br> compound <br> interest on <br> outstanding <br> loan balance<br>| $25 Loan <br> Processing <br> Fee and <br> 2.25% <br> compound <br> interest on <br> outstanding <br> loan balance<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of Tax <br> Sheltered Annuities<br> ● Subject to terms of the Tax <br> Sheltered Annuity plan<br> ● Minimum and maximum loan <br> amounts apply<br> ● Loans must be repaid within a <br> specified period<br> ● Loan payments must be made at <br> least quarterly<br>|
| Reduced Purchase <br> Payment Option<br>| Reduction to minimum <br> initial purchase payment <br> and subsequent <br> purchase payment <br> requirements<br>| 0.25% (Daily <br> Net Assets)<br>| 0.25% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Not available for Investment-Only <br> Contracts<br>|
| Five Year CDSC Option | Reduction of standard <br> CDSC schedule<br>| 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● Not available if the Extra Value <br> Option is elected<br>|
| Additional Withdrawal <br> Without Charge and <br> Disability Waiver<br>| CDSC waiver and <br> increased CDSC-free <br> withdrawal privilege<br>| 0.10% (Daily <br> Net Assets)<br>| 0.10% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective due to <br> disability, no additional purchase <br> payments are permitted<br>|
| 10 Year and Disability <br> Waiver<br>| CDSC waiver | 0.05% (Daily <br> Net Assets)<br>| 0.05% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of a Tax <br> Sheltered Annuity<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective due to <br> disability, no additional purchase <br> payments are permitted<br>|

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|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Hardship Waiver | CDSC waiver | 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of a Tax <br> Sheltered Annuity<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective, no <br> additional purchase payments are <br> permitted<br>|
| One-Year Enhanced <br> Death Benefit with <br> Long-Term Care/<br> Nursing Home Waiver <br> and Spousal Protection<br>| Enhanced death benefit | 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● May not be elected if another death <br> benefit option is elected<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Spousal Protection Feature<br> ● Not applicable to Charitable <br> Remainder Trusts<br> ● One or both spouses (or a revocable <br> trust of which either or both of the <br> spouses is/are grantor(s)) must be <br> named as the Contract Owner<br> ● For contracts issued as an IRA or <br> Roth IRA, only the person for whom <br> the IRA or Roth IRA was established <br> may be named as the Contract <br> Owner<br> ● Only available to Contract Owner's <br> spouse<br> ● Spouses must be Co-Annuitants<br> ● Both spouses must be 85 or younger <br> at contract issuance<br> ● Spouses must be named as <br> beneficiaries<br> ● No other person may be named as <br> Contract Owner, Annuitant, or <br> primary beneficiary<br> ● If the Contract Owner requests to <br> add a Co-Annuitant after contract <br> issuance, the date of marriage must <br> be after the contract issue date and <br> Nationwide will require the Contract <br> Owner to provide a copy of the <br> marriage certificate<br> ● Benefit is forfeited if certain changes <br> to the parties or assignments are <br> made<br>|
| One-Year Step Up <br> Death Benefit Option<br>| Enhanced death benefit | 0.05% (Daily <br> Net Assets)<br>| 0.05% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Greater of One-Year or <br> 5% Enhanced Death <br> Benefit with Long-Term <br> Care/Nursing Home <br> Waiver and Spousal <br> Protection Option<br>| Enhanced death benefit | 0.20% (Daily <br> Net Assets)<br>| 0.20% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● May not be elected if another death <br> benefit option is elected<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Spousal Protection Feature<br> ● Not applicable to Charitable <br> Remainder Trusts<br> ● One or both spouses (or a revocable <br> trust of which either or both of the <br> spouses is/are grantor(s)) must be <br> named as the Contract Owner<br> ● For contracts issued as an IRA or <br> Roth IRA, only the person for whom <br> the IRA or Roth IRA was established <br> may be named as the Contract <br> Owner<br> ● Only available to Contract Owner's <br> spouse<br> ● Spouses must be Co-Annuitants<br> ● Both spouses must be 85 or younger <br> at contract issuance<br> ● Spouses must be named as <br> beneficiaries<br> ● No other person may be named as <br> Contract Owner, Annuitant, or <br> primary beneficiary<br> ● If the Contract Owner requests to <br> add a Co-Annuitant after contract <br> issuance, the date of marriage must <br> be after the contract issue date and <br> Nationwide will require the Contract <br> Owner to provide a copy of the <br> marriage certificate<br> ● Benefit is forfeited if certain changes <br> to the parties or assignments are <br> made<br>|
| 5% Enhanced Death <br> Benefit Option<br>| Enhanced death benefit | 0.10% (Daily <br> Net Assets)<br>| 0.10% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br>|
| Guaranteed Minimum <br> Income Benefit Option 1<br>| Minimum guaranteed <br> value for annuitization<br>| 0.45% (Daily <br> Net Assets)<br>| 0.45% (Daily <br> Net Assets)<br>| ● No longer available for election<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Annuitization options are limited<br>|
| Guaranteed Minimum <br> Income Benefit Option 2<br>| Minimum guaranteed <br> value for annuitization<br>| 0.30% (Daily <br> Net Assets)<br>| 0.30% (Daily <br> Net Assets)<br>| ● No longer available for election<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Annuitization options are limited<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Extra Value Option | Additional money is <br> deposited to the <br> contract (bonus credits)<br>| 0.45% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| 0.45% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● Bonus credit only applies to deposits <br> made during the first Contract Year<br> ● Bonus credits are subject to <br> recapture under certain <br> circumstances<br> ● Fixed Account allocations may be <br> restricted under certain <br> circumstances<br>|
| Beneficiary Protector <br> Option<br>| Payment of an amount <br> that could be used to <br> pay taxes assessed on <br> death benefit proceeds<br>| 0.40% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| 0.40% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Election is irrevocable<br> ● Annuitant must be 70 or younger at <br> date of election<br>|
| Capital Preservation <br> Plus Option<br>| Principal protection | 0.50% (Daily <br> Net Assets <br> and GTO <br> guaranteed <br> rate of <br> return)<br>| 0.50% (Daily <br> Net Assets <br> and GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Investment restrictions apply<br> ● Not available if a loan is outstanding<br> ● No new loans are permitted<br> ● Additional purchase payments are <br> not permitted during the program <br> period<br> ● Enhanced Fixed Account Dollar Cost <br> Averaging is not available<br> ● Surrenders cannot be taken <br> exclusively from the GTO<br> ● Transfers to and from the GTO are <br> not permitted during the program <br> period<br> ● Restrictions on termination apply<br>|

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**Standard Death Benefit (Five-Year Reset Death Benefit)**

If the Annuitant dies before the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

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Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the Standard Death Benefit (Five-Year Reset Death Benefit) is <br> calculated, see *Appendix C: Standard Death Benefit (Five-Year Reset Death Benefit)* <br> *Example.*<br>|

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**Reduced Purchase Payment Option**

If the applicant elects the Reduced Purchase Payment Option, Nationwide will deduct an additional charge equal to an annualized rate of 0.25% of the Daily Net Assets. This option must be elected at the time of application. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization, unless the Contract Owner terminates the option as described below. In return, the minimum initial purchase payment for that contract will be $1,000 and minimum subsequent purchase payment will be $25. This option is not available for Investment-Only Contracts. Nationwide may realize a profit from the charge assessed for this option.

The Contract Owner may terminate this option if, throughout a period of at least two years and continuing until such termination election, the total of all purchase payments, less surrenders is maintained at $25,000 or more.

The election to terminate the option must be submitted in writing to the Service Center on a form provided by Nationwide. Termination will occur as of the date on the election form, and after the termination, the charge for this option will no longer be assessed. Subsequent purchase payments, if any, will be subject to the terms of the contract and must be at least $1,000.

---

| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elected the Reduced Purchase Payment Option at the time of application. While the <br> option remains in effect, Nationwide will accept a minimum initial purchase payment of <br> $1,000 or more and will accept minimum subsequent purchase payments of $25 or more. <br> Those amounts are lower than what would be required had the Reduced Purchase Payment <br> Option not been elected.<br>|

---

**Five Year CDSC Option** 

Applicants can elect the Five-Year CDSC Option, which reduces the standard seven-year CDSC Schedule to a five-year CDSC schedule. The Five-Year CDSC Option must be elected at the time of application, and the option is irrevocable. In exchange, Nationwide assesses a charge at an annualized rate of 0.15% of the Daily Net Assets. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization.

The CDSC schedule applicable if the Five Year CDSC Option is elected is:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5+** |
| CDSC Percentage | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 0% |

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Under this option, CDSC will not exceed 7% of purchase payments surrendered.

Nationwide may realize a profit from the charge assessed for this option.

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In the State of New York, the Five Year CDSC Option is available only for contracts issued as Roth IRAs and is not available when the Extra Value Option is elected.

---

| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. B elected the Five Year CDSC Option at the time of application. Mr. B elects to take a <br> partial withdrawal in the fourth year of his contract. Instead of applying the standard CDSC <br> schedule, Nationwide will apply the Five Year CDSC schedule, which results in a CDSC <br> percentage of 2% (3 completed Contract Years).<br>|

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**Additional Withdrawal Without Charge and Disability Waiver** 

Each contract has a standard 10% CDSC-free withdrawal privilege each year. For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, the Contract Owner can, each year, withdraw an additional 5% of total purchase payments without incurring a CDSC. This would allow the Contract Owner to withdraw a total of 15% of the total of all purchase payments each year free of CDSC. Like the standard 10% CDSC-free privilege, this additional withdrawal benefit is non-cumulative.

This option also contains a disability waiver. Nationwide will waive CDSC if a Contract Owner (or Annuitant if the contract is owned by a non-natural owner) is disabled after the contract is issued but before reaching age 65. If this waiver becomes effective due to disability, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. J elected the Additional Withdrawal Without Charge and Disability Waiver at the time of <br> application and he now wants to take a withdrawal from his contract. If Mr. J's withdrawal is <br> subject to a CDSC and he hasn't yet used his CDSC-free withdrawal privilege for that year, <br> Mr. J would be entitled to a 15% CDSC-free withdrawal, as opposed to the 10% CDSC-free <br> withdrawal that is applicable on standard contracts.<br>|

---

This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option.

**10 Year and Disability Waiver** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can elect the 10 Year and Disability Waiver. Under this option, Nationwide will waive CDSC if two conditions are met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Owner has been the owner of the contract for at least 10 years; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Contract Owner has made regular payroll deferrals during the entire Contract Year for at least five of those 10 years.

This option also contains a disability waiver. Nationwide will waive CDSC if the Contract Owner is disabled after the contract is issued but before reaching age 65. If this waiver becomes effective due to disability, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. Q elected the 10 Year and Disability Waiver at the time of application and is in her 11<sup>th</sup> <br> year of owning the contract. During that time, she made regular monthly payroll deposits <br> into the contract. Nationwide will waive any applicable CDSC on withdrawals from Ms. Q's <br> contract.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option.

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**Hardship Waiver** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can purchase the Hardship Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner experiences a hardship (as defined for purposes of Internal Revenue Code Section 401(k)). The Contract Owner may be required to provide proof of hardship.

If this waiver becomes effective, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elected the Hardship Waiver at the time of application and she would like to take a <br> hardship withdrawal from her contract. Nationwide will waive any applicable CDSC on the <br> hardship withdrawal, provided any request proof of hardship is provided and accepted by <br> Nationwide.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option**.**

**One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option**

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the highest Contract Value on any Contract Anniversary prior to the Annuitant's 86<sup>th</sup> birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

---

| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the One-Year Enhanced Death Benefit with Long-Term Care/<br> Nursing Home Waiver and Spousal Protection Option is calculated, see *Appendix D: One-*<br> *Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal* <br> *Protection Option Example.*<br>|

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The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met, and the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse.

**One-Year Step Up Death Benefit Option**

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant can elect the One-Year Step-Up Death Benefit Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and

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will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. The One-Year Step Up Death Benefit Option is only available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the highest Contract Value on any Contract Anniversary prior to the 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

---

| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the One-Year Step-Up Death Benefit Option is calculated, see <br> *Appendix E: One-Year Step Up Death Benefit Option Example*.<br>|

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The One-Year Step-Up Death Benefit Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met.

The One-Year Step-Up Death Benefit Option and the 5% Enhanced Death Benefit Option may both be elected, in which case the death benefit will be the greater of the two benefits.

**Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option**

For an additional charge at an annualized rate of 0.20% of the Daily Net Assets, an applicant can elect the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% compound interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

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Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

---

| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the Greater of One-Year or 5% Enhanced Death Benefit with Long-<br> Term Care/Nursing Home Waiver and Spousal Protection Option is calculated, see <br> *Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/*<br> *Nursing Home Waiver and Spousal Protection Option Example.*<br>|

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The Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met, and the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse.

**5% Enhanced Death Benefit Option**

For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, an applicant can elect the 5% Enhanced Death Benefit Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. The 5% Enhanced Death Benefit Option is only 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. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% simple interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the 5% Enhanced Death Benefit Option is calculated, see *Appendix* <br> *G: 5% Enhanced Death Benefit Option Example*<br>|

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The 5% Enhanced Death Benefit Option also includes the Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met.

The One-Year Step-Up Death Benefit Option and the 5% Enhanced Death Benefit Option may both be elected, in which case the death benefit will be the greater of the two benefits.

**Spousal Protection Feature** 

The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option and the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option include a Spousal Protection Feature. The Spousal Protection Feature is not available for contracts issued as Charitable Remainder Trusts. The Spousal Protection Feature allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse, provided the conditions described below are satisfied:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The spouses must be Co-Annuitants;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Both spouses must be age 85 or younger at the time the contract is issued;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Both spouses must be named as beneficiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) No person other than the spouse may be named as Contract Owner, Annuitant, or primary beneficiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) If both spouses are alive upon annuitization, the Contract Owner must specify which spouse is the Annuitant upon whose continuation of life any annuity payments involving life contingencies depend (for an IRA or Roth IRA contract, this person must be the Contract Owner); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) 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.

If a Co-Annuitant dies before the Annuitization Date, the surviving spouse may continue the contract as its sole Contract Owner. Additionally, if the death benefit value is higher than the Contract Value at the time of the first Co-Annuitant's death, Nationwide will adjust the Contract Value to equal the death benefit value. The surviving Co-Annuitant may then name a new beneficiary but may not name another Co-Annuitant.

If the marriage of the Co-Annuitants terminates due to the death of a spouse, divorce, dissolution, or annulment, the Spousal Protection Feature terminates and the Contract Owner is not permitted to cover a subsequent spouse.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; On June 1, which is before her Annuitization Date, Ms. P passes away. Her death benefit <br> contains the Spousal Protection Feature. The death benefit on Ms. P's contract equals <br> $24,000.<br>|
| &nbsp;&nbsp; Ms. P was married to Mr. P at the time of her death. Under the Spousal Protection Feature, <br> assuming all conditions were met, Mr. P has the option, instead of receiving the $24,000 <br> death benefit, to continue the contract as if it were his own. If he elects to do so, the <br> Contract Value, if it is lower than $24,000, will be adjusted to equal the $24,000 death <br> benefit. From that point forward, the contract will be his and all provisions of the contract <br> apply. Upon Mr. P's death, his beneficiary will then receive a death benefit equal to the <br> elected death benefit under the contract.<br>|

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The Spousal Protection Feature may not apply if certain changes to the parties or assignments are made to the contract. Contract Owners contemplating changes to the parties to the contract, including assignments, should contact their financial professional to determine how the changes impact the Spousal Protection Feature.

**Guaranteed Minimum Income Benefit Options**

For contracts issued prior to May 1, 2003, an applicant could have elected one or both of the Guaranteed Minimum Income Benefit Options at the time of application. Once elected, the Guaranteed Minimum Income Benefit Options are irrevocable. If elected, Nationwide will deduct an additional charge at an annualized rate of 0.45% if GMIB Option 1 is elected and 0.30% of the Daily Net Assets if GMIB Option 2 is elected. The charges associated with these options are calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charges assessed for these options.

A GMIB is a benefit that ensures the availability of a minimum amount when the Contract Owner wishes to annuitize the contract. This minimum amount, referred to as the Guaranteed Annuitization Value, may be used at specified times to provide a guaranteed level of determinable lifetime annuity payments. The GMIB may provide protection in the event of lower Contract Values that may result from the investment performance of the contract.

***How the Guaranteed Annuitization Value is Determined*** 

There are two options available at the time of application. The Guaranteed Annuitization Value is determined differently based on the option the Contract Owner elects.

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***Calculation Under GMIB Option 1*** 

The Guaranteed Annuitization Value is equal to (a) – (b), but will never be greater than 200% of all purchase payments, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of all purchase payments, plus interest accumulated at a compounded annual rate of 5% starting at the date of issue and ending on the Contract Anniversary occurring immediately prior to the Annuitant's 86<sup>th</sup> birthday; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the reduction to (a) due to withdrawals made from the contract. All such reductions will be proportionately the same as reductions to the Contract Value caused by withdrawals. For example, a surrender that reduces the Contract Value by 25% will also reduce the Guaranteed Annuitization Value by 25%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Assume the Guaranteed Annuitization Value = $100,000 and the Contract Value = $80,000 <br> at time of a $20,000 withdrawal. Therefore, the Contract Value would be reduced by 25% <br> ($20,000/$80,000), and the Guaranteed Annuitization Value would also be reduced by 25% <br> or $25,000 (25% x $100,000). As a result, the new Guaranteed Annuitization Value = <br> $75,000 ($100,000-$25,000).<br>|

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***Special Restrictions for GMIB Option 1*** 

After the first Contract Year, if the value of the Contract Owner's Fixed Account allocation becomes greater than 30% of the Contract Value in any Contract Year due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the application of additional purchase payments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) surrenders; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) transfers from the Sub-Accounts;

then 0% interest will accrue in that Contract Year for purposes of calculating the Guaranteed Annuitization Value.

If the Contract Owner's Fixed Account allocation becomes greater than 30% of the Contract Value solely as a result of fluctuations in the value of Sub-Account allocations, interest will continue to accrue for the purposes of the Guaranteed Annuitization Value at 5% annually, subject to the other terms and conditions outlined herein.

***Calculation Under GMIB Option 2*** 

The Guaranteed Annuitization Value will be equal to the highest Contract Value on any Contract Anniversary occurring prior to the Annuitant's 86<sup>th</sup> birthday, less an adjustment for amounts withdrawn, plus purchase payments received after that Contract Anniversary.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Assume the highest Contract Value on any Contract Anniversary prior to the Annuitant's <br> 86th birthday = $100,000 and the Contract Value = $80,000 at time of a $20,000 <br> withdrawal. Therefore, the Contract Value would be reduced by 25% ($20,000/$80,000), <br> and the Guaranteed Annuitization Value would also be reduced by 25% or $25,000 (25% x <br> $100,000). As a result, the new Guaranteed Annuitization Value = $75,000 <br> ($100,000-$25,000).<br>|

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***When the Guaranteed Annuitization Value May Be Used*** 

The Contract Owner may use the Guaranteed Annuitization Value by annuitizing the contract during the 30-day period following any Contract Anniversary, provided the contract has been in effect for seven years and the Annuitant has attained age 60.

***Annuity Payment Options That May Be Used With the Guaranteed Annuitization Value*** 

The Contract Owner may elect any life contingent fixed annuity payment option described in this provision, calculated using the guaranteed annuity purchase rates set forth in the contract. The permitted fixed annuity payment options include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Standard Joint and Survivor; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life with 10 or 20 Year Term Certain.

***Other GMIB Terms and Conditions*** 

While a GMIB does provide a Guaranteed Annuitization Value, a GMIB may not be appropriate for all investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A GMIB does NOT in any way guarantee the performance of any Sub-Account or any other investment option available under the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Once elected, the GMIB is irrevocable, meaning that even if the investment performance of the selected investment options surpasses the minimum guarantees associated with the GMIB, the GMIB charges will continue to be assessed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The GMIB in no way restricts or limits the rights of Contract Owners to annuitize the contract at other times permitted under the contract, nor will it in any way restrict the right to annuitize the contract using Contract Values that may be higher than the Guaranteed Annuitization Value.

Consult a qualified financial advisor in evaluating the GMIB options.

**Extra Value Option**

Applicants should be aware of the following prior to electing an Extra Value Option:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide may make a profit from the Extra Value Option charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Because the Extra Value Option charge will be assessed against the entire Contract Value for the first seven Contract Years, Contract Owners who anticipate making additional purchase payments after the first Contract Year (which will not receive the Extra Value Option credit(s) but will be assessed the Extra Value Option charge) should carefully examine the Extra Value Option and consult their financial professional regarding its desirability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide may take back or "recapture" all or part of the amount credited under the Extra Value Option in the event of early withdrawals, including revocation of the contract during the contractual free-look period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the market declines during the period that the Extra Value Option credit(s) is subject to recapture, the amount subject to recapture could decrease the amount of Contract Value available for withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The cost of the Extra Value Option and the recapture of the credits (in the event of a withdrawal) could exceed any benefit of receiving the Extra Value Option credits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Contract Owner elects or has elected an Extra Value Option. These restrictions may be imposed at Nationwide's discretion when economic conditions are such that Nationwide is unable to recoup the cost of providing the up-front Extra Value Option credits.

Applicants can elect the Extra Value Option, in which case Nationwide will apply a credit to the contract equal to 3% of each purchase payment made to the contract for the first 12 months the contract is in force. The Extra Value Option must be elected at the time of application, and the option is irrevocable. This credit, which is funded from Nationwide's General Account, will be allocated among the investment options in the same proportion that the purchase payment is allocated to the contract. For purposes of all benefits and taxes under these contracts, credits are considered earnings, not purchase payments.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. C elects the Extra Value Option and submits an initial purchase payment of $50,000. On <br> the date the initial purchase payment is applied (and in addition to that initial purchase <br> payment), Nationwide will apply another $1,500 (which is 3% of $50,000) to Mr. C's <br> contract.<br>|

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In exchange, Nationwide will assess an additional charge at an annualized rate of 0.45% of the Daily Net Assets. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation.

In addition, allocations made to the Fixed Account and the GTOs will be assessed a fee of 0.45%.

After the end of seven Contract Years, Nationwide will discontinue assessing the charges associated with the Extra Value Option and the amount credited under this option will be fully vested.

***Recapture of Extra Value Option Credits*** 

Nationwide will recapture amounts credited to the contract in connection with an Extra Value Option if:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Contract Owner cancels the contract pursuant to the free look provision;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Contract Owner takes a full withdrawal before the end of seven Contract Years; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Contract Owner takes a partial withdrawal that is subject to a CDSC.

Some state jurisdictions require a reduced recapture schedule. Refer to the contract for state specific information.

Contract Owners should carefully consider the consequences of taking a withdrawal that subjects part or all of the credit to recapture. If Contract Value decreases due to poor market performance, the recapture provisions could decrease the amount of Contract Value available for withdrawal. In other words, the dollar amount of the credit Nationwide recaptures will remain the same, but this amount may be a higher percentage of the Contract Value.

Nationwide will not recapture credits under the Extra Value Option under the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the withdrawal is not subject to a CDSC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the distribution is taken as a result of a death, annuitization, or to meet minimum distribution requirements for this contract under the Internal Revenue Code; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the withdrawal occurs after seven Contract Years.

***Recapture Resulting from Exercising Free-Look Privilege*** 

If the Contract Owner cancels the contract pursuant to the contractual free-look provision, Nationwide will recapture the entire amount credited to the contract under this option. In those states that require the return of purchase payments for IRAs that are surrendered pursuant to the contractual free-look, Nationwide will recapture the entire amount credited to the contract under this option, but under no circumstances will the amount returned be less than the purchase payments made to the contract. In those states that allow a return of Contract Value, the Contract Owner will retain any earnings attributable to the amount credited, but all losses attributable to the amount credited will be incurred by Nationwide.

***Recapture Resulting from a Full Withdrawal*** 

If the Contract Owner takes a full withdrawal of the contract before the end of seven Contract Years, Nationwide will recapture the entire amount credited to the contract under the option.

***Recapture Resulting from a Partial Withdrawal*** 

If the Contract Owner takes a partial withdrawal before the end of seven Contract Years that is subject to CDSC, Nationwide will recapture a proportional part of the amount credited to the contract under this option.

**Beneficiary Protector Option**

For an additional charge at an annualized rate of 0.40% of the Daily Net Assets, the Beneficiary Protector Option may be elected. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation. This option may be elected at the time of application or after the contract has been issued, and the option is irrevocable. Allocations made to the Fixed Account or to the Guaranteed Term Options will be assessed a charge of 0.40%. The Beneficiary Protector Option is only available for contracts with Annuitants who are age 70 or younger at the time of election. Nationwide may realize a profit from the charge assessed for this option.

The Beneficiary Protector Option provides that upon the death of the Annuitant, in addition to any death benefit payable, Nationwide will credit an additional amount to the contract (the "benefit"). If the Beneficiary Protector Option is elected with a contract that has spouses designated as Annuitant and Co-Annuitant, the term Annuitant shall mean the person designated as the Annuitant on the application; the person designated as the Co-Annuitant does not have any rights under this benefit unless the Co-Annuitant is also the beneficiary.

The benefit is credited to the contract upon the death of the Annuitant. After the benefit is credited to the contract, the beneficiary(ies) may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) take distribution of the contract in the form of the death benefit or required distributions as applicable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the beneficiary is the deceased Annuitant's surviving spouse, continue the contract as the new beneficial Contract Owner, subject to any mandatory distribution rules.

Once the credit is applied to the contract, charges associated with the Beneficiary Protector Option will no longer be assessed.

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***How Credits are Calculated*** 

If the Beneficiary Protector Option was elected at the time of application and the Annuitant dies prior to the first Contract Anniversary after the Annuitant's 85<sup>th</sup> birthday, the amount credited to the contract will be equal to:

40% x Adjusted Earnings

Adjusted Earnings = (a) – (b) – (c); where:

a = the Contract Value on the date the death benefit is calculated (prior to any death benefit calculation); <br> b = purchase payments, proportionately adjusted for withdrawals; and <br> c = any adjustment for a death benefit previously credited, proportionately adjusted for withdrawals.

The adjustment for amounts withdrawn will reduce purchase payments and any death benefit previously credited to the contract in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

If the Beneficiary Protector Option was elected after the contract issue date and the Annuitant dies prior to the first Contract Anniversary after the Annuitant's 85<sup>th</sup> birthday, the amount credited to the contract will be equal to:

40% x Adjusted Earnings from the Date the Option is Elected

Adjusted Earnings from the Date the Option is Elected = (a) – (b) – (c) – (d), where:

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| | | |
|:---|:---|:---|
| 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 <br> adjusted for withdrawals.<br>|

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The adjustment for amounts withdrawn will reduce purchase payments and any death benefit previously credited to the contract in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; The Annuitant elected the Beneficiary Protector Option at the time of application. On the <br> date of the Annuitant's death, the Contract Value = $75,000, the total purchase payments <br> (adjusted for withdrawals) = $68,000, and there is no adjustment for a death benefit <br> previously credited. The amount of the benefit would be calculated as follows: 40% x <br> ($75,000-$68,000-$0), which equals $2,800.<br>|

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If no benefits have been paid under this option by the first contract anniversary following the Annuitant's 85<sup>th</sup> birthday, then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Nationwide will credit an amount equal to 4% of the Contract Value on the Contract Anniversary to the contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Beneficiary Protector Option will terminate and will no longer be in effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the charge associated with the Beneficiary Protector Option will no longer be assessed.

***How Amounts Are Credited*** 

Any amounts credited to the contract pursuant to this option will be allocated among the investment options in the same proportion as each purchase payment is allocated to the contract on the date the credit is applied.

**Capital Preservation Plus Option**

The Capital Preservation Plus "CPP" Option provides a "return of principal" guarantee over an elected period of time (3, 5, 7, or 10 years – the "program period"). Effective May 1, 2011, the only program period available is the 10-year program period; program periods of other durations that were elected prior to May 1, 2011 will continue unchanged to the end of the current program period. Contract Value at the end of the program period will be no less than Contract Value at the beginning of the period, regardless of market performance. Note, however, that surrenders or contract charges that are deducted from the contract will reduce the value of the guarantee proportionally.

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For program periods that began prior to May 1, 2025, the guarantee is conditioned upon the allocation of Contract Value between two investment components:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) A Guaranteed Term Option corresponding to the length of the elected program period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Non-Guaranteed Term Option allocations, which consist of the Fixed Account and a limited list of investment options.

For program periods that begin on or after May 1, 2025, the requirement to allocate a portion of the Contract Value to the Guaranteed Term Option is removed and the guarantee is conditioned upon allocation of the Contract Value to Non-Guaranteed Term allocations, which consist of a limited list of investment options.

In some state jurisdictions, Nationwide uses Target Term Options instead of Guaranteed Term Options in connection with the Capital Preservation Plus Option. For all material purposes, Guaranteed Term Options and Target Term Options are the same. All references to Guaranteed Term Options in relation to the Capital Preservation Plus Option will also mean Target Term Options (in applicable jurisdictions). Refer to the prospectus for the Guaranteed Term Options for more information.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. D elected the Capital Preservation Plus Option and elected a 10-year program period. <br> Nationwide informed her of her investment options and she provided her allocation <br> instructions. At the beginning of the program period, her Contract Value was $50,000. At <br> the end of the program period, Ms. D's Contract Value was $56,000, so no adjustment was <br> made to her contract. Had her Contract Value been less than $50,000 at the end of the <br> program period, Nationwide would have adjusted the Contract Value to equal $50,000.<br>|

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***Charges*** 

The charge associated with the Capital Preservation Plus Option is equal to an annualized rate not to exceed 0.50% of the Daily Net Assets. Allocations to the Guaranteed Term Options will also be assessed a charge not to exceed 0.50%. Nationwide may realize a profit from the charge assessed for this option.

All charges associated with the Capital Preservation Plus Option will remain the same for the duration of the program period. When the program period ends or an elected Capital Preservation Plus Option is terminated, the charges associated with the option will no longer be assessed.

***The Advantage of Capital Preservation Plus*** 

Without electing the option, Contract Owners may be able to approximate (without replicating) the benefits of the Capital Preservation Plus Option. To do this, Contract Owners would have to determine how much of their Contract Value would need to be allocated to a Guaranteed Term Option so that the amount at maturity (principal plus interest attributable to the Guaranteed Term Option allocation) would approximate the original total investment. The balance of the Contract Value would be available to be allocated among the Fixed Account and a limited list of investment options. This represents an investment allocation strategy aimed at capital preservation.

Election of the Capital Preservation Plus Option, however, generally permits a higher percentage of the Contract Value to be allocated outside of the Guaranteed Term Options. This provides Contract Owners with a greater opportunity to benefit from market appreciation that is reflected in the Sub-Accounts' performance, while preserving the return of principal guarantee.

***Availability*** 

The Capital Preservation Plus Option is only available for election at the time of application.

***Conditions Associated with the Capital Preservation Plus Option*** 

A Contract Owner with an outstanding loan may not elect the Capital Preservation Plus Option.

During the program period, the following conditions apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If withdrawals are taken or contract charges are deducted from the Contract Value, the value of the guarantee will be reduced proportionally.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Only one Capital Preservation Plus Option program may be in effect at any given time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No new purchase payments may be applied to the contract.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Transfers between and among permitted investment options may not be submitted via Internet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Rate Dollar Cost Averaging is not available as a Contract Owner service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide will not permit loans to be taken from the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No optional benefit that assesses a charge to the Guaranteed Term Options may be added to the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If Annuitant dies and the Annuitant's spouse elects to continue the contract, the option will remain in effect and will continue until the end of the original program period.

If the contract is annuitized, surrendered, or liquidated for any reason prior to the end of the program period, all guarantees are terminated. A market value adjustment may apply to amounts transferred from a Guaranteed Term Option due to annuitization. A market value adjustment may apply to amounts withdrawn or transferred from a GTO and the withdrawal will be subject to the CDSC provisions of the contract.

After the end of the program period or after termination of the option the above conditions will no longer apply.

***Investments During the Program Period*** 

When the option is elected and after Nationwide receives all required information, Nationwide will declare the amount of the Contract Value that is available for allocation to the Non-Guaranteed Term Option component. The remainder of the Contract Value must be allocated to a Guaranteed Term Option, the length of which corresponds to the length of the program period elected by the Contract Owner. For program periods that begin on or after May 1, 2025, the requirement to allocate a portion of the Contract Value to the Guaranteed Term Option is removed; all Contract Value must be allocated to the Non-Guaranteed Option component.

Only certain investment options are available when a Contract Owner elects the Capital Preservation Plus Option. Nationwide selected the available investment options on the basis of certain risk factors associated with the underlying mutual fund's investment objective. The investment options that are unavailable were excluded on the basis of similar risk considerations.

Election of the Capital Preservation Plus Option will not be effective unless and until Nationwide receives allocation instructions based on the limited set of investment options. Allocations to investment options other than those listed are not permitted during the program period.

Nationwide reserves the right to modify the list of available investment options upon written notice to Contract Owners. If an investment option is deleted from the list of available investment options, such deletion will not affect Capital Preservation Plus Option programs already in effect.

***Withdrawals During the Program Period*** 

If the Contract Owner takes a withdrawal, Nationwide will surrender Accumulation Units from the Sub-Accounts and an amount from the Fixed Account and the GTO in proportion to the value in each option at the time of the withdrawal request, unless Nationwide is instructed otherwise. Withdrawals may not be taken exclusively from the Guaranteed Term Option. The partial withdrawal will cause a proportional negative adjustment to the guarantee. A market value adjustment may apply to amounts withdrawn from the GTO and the withdrawal will be subject to the CDSC provisions of the contract.

***Transfers During the Program Period*** 

Transfers to and from the Guaranteed Term Option are not permitted during the program period.

Transfers between and among the permitted investment options are subject to the terms and conditions in the *Transfers Prior to Annuitization* provision. During the program period, transfers to investment options that are not included in the Capital Preservation Plus Option program are not permitted.

***Terminating the Capital Preservation Plus Option*** 

Once elected, the Capital Preservation Plus Option cannot be revoked, except as provided below.

If the Contract Owner elected a program period matching a 7-year Guaranteed Term Option, upon reaching the fifth Contract Anniversary, the Contract Owner may terminate the Capital Preservation Plus Option. Any termination instructions must be received at the Service Center within 60 days after the fifth Contract Anniversary.

If the Contract Owner elected a program period matching a 10-year Guaranteed Term Option, upon reaching the seventh Contract Anniversary, the Contract Owner may terminate the Capital Preservation Plus Option. Any termination instructions must be received at the Service Center within 60 days after the seventh Contract Anniversary.

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If the Contract Owner terminates the Capital Preservation Plus Option as described above, the charges associated with the option will no longer be assessed, all guarantees associated with the option will terminate, the contract's investment allocations will remain the same as when the program was in effect (unless Nationwide is instructed otherwise), and all conditions associated with the Capital Preservation Plus Option are removed.

***Fulfilling the Return of Principal Guarantee*** 

At the end of the program period, if the Contract Value is less than the guaranteed amount, Nationwide will credit an amount to the contract so that the Contract Value equals the guaranteed amount. Amounts credited under this option are considered, for purposes of other benefits under this contract, earnings, not purchase payments. If the Contract Owner does not elect to begin a new Capital Preservation Plus Option program, the amount previously allocated to the Guaranteed Term Option and any amounts credited under the guarantee will be allocated to the money market Sub-Account.

***Election of a New Capital Preservation Plus Option*** 

At the end of any program period or after terminating a Capital Preservation Plus Option, the Contract Owner may elect to participate in a new Capital Preservation Plus Option program at the charges, rates and allocation percentages in effect at that point in time. Nationwide will communicate the ensuing program period end to the Contract Owner approximately 75 days before the end of the period and this notice will include a list of the limited investment options available. If the Contract Owner elects to participate in a new program, such election and complete instructions must be received by Nationwide within 60 days before the end of the preceding program period or within 60 days before the program termination, whichever is applicable.

**Ownership and Interests in the Contract**

**Contract Owner** 

Prior to the Annuitization Date, the Contract Owner has all rights under the contract, unless a joint owner is named. If a joint owner is named, each joint owner has all rights under the contract*.* **Purchasers who name someone other than themselves as the Contract Owner will have no rights under the contract.** 

On the Annuitization Date, the Contract Owner cedes all ownership rights to the Annuitant and the Annuitant becomes the Contract Owner, unless the Contract Owner is a Charitable Remainder Trust. If the Contract Owner is a Charitable Remainder Trust, the Charitable Remainder Trust continues to be the Contract Owner after annuitization.

**Joint Owner** 

Prior to the Annuitization Date, joint owners each own an undivided interest in the contract.

Non-Qualified Contract Owners can name a joint owner at any time before annuitization. However, joint owners must be spouses at the time joint ownership is requested, unless state law requires Nationwide to allow non-spousal joint owners. Joint ownership is not permitted on contracts owned by a non-natural Contract Owner.

Generally, the exercise of any ownership rights under the contract must be in writing and signed by both joint owners. However, if a written election, signed by both Contract Owners, authorizing Nationwide to allow the exercise of ownership rights independently by either joint owner is submitted, Nationwide will permit joint owners to act independently. If such an authorization is submitted, Nationwide will not be liable for any loss, liability, cost, or expense for acting in accordance with the instructions of either joint owner.

If either joint owner dies before the Annuitization Date, the contract continues with the surviving joint owner as the remaining Contract Owner.

On the Annuitization Date, both joint owners cede all ownership rights to the Annuitant and the Annuitant becomes the Contract Owner.

**Contingent Owner** 

Prior to the Annuitization Date, the contingent owner succeeds to the rights of a Contract Owner if a Contract Owner who is not the Annuitant dies before the Annuitization Date and there is no surviving joint owner.

If a Contract Owner who is the Annuitant dies before the Annuitization Date, the contingent owner will not have any rights under the contract, unless such contingent owner is also the beneficiary.

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The Contract Owner may name a contingent owner at any time before the Annuitization Date.

After the Annuitization Date, the contingent owner will not have any interest in the contract.

**Annuitant** 

Prior to the Annuitization Date, the Annuitant has no interest in the contract, but must be named in the application. Only Non-Qualified Contract Owners may name someone other than himself/herself as the Annuitant. This Annuitant must be age 85 or younger at the time of the contract issuance, unless Nationwide approves a request for an Annuitant of greater age.

On the Annuitization Date, the Annuitant becomes the new owner and has all ownership rights in the contract. The Annuitant is the person who receives annuity payments and the person upon whose continuation of life any annuity payment involving life contingencies depends.

**Co-Annuitant** 

Prior to the Annuitization Date, a Co-Annuitant is entitled to receive the benefit of the Spousal Protection Feature, provided all of the requirements set forth in the Spousal Protection Feature section are met. A Co-Annuitant, if named, must be named at the time of application and must be the Annuitant's spouse.

If either Co-Annuitant dies before the Annuitization Date, the surviving Co-Annuitant may continue the contract and will receive the benefit of the Spousal Protection Feature.

After the Annuitization Date, the Co-Annuitant has no interest in the contract.

**Contingent Annuitant** 

Prior to the Annuitization Date, if the Annuitant dies before the Annuitization Date, the Contingent Annuitant becomes the Annuitant and all provisions of the contract that are based on the Annuitants death prior to the Annuitization Date will be based on the death of the Contingent Annuitant. Only Non-Qualified Contract Owners may name a Contingent Annuitant. The Contingent Annuitant need not be named at the time of application. Regardless of when the Contingent Annuitant is added he/she must be (or must have been) age 85 or younger at the time of contract issuance, unless Nationwide approves a request for a Contingent Annuitant of greater age.

**Joint Annuitant** 

Prior to the Annuitization Date, there is no joint annuitant.

On the Annuitization Date, if applicable, a joint annuitant is named. The joint annuitant is designated as a second person (in addition to the Annuitant) upon whose continuation of life any annuity payment involving life contingencies depends.

**Beneficiary and Contingent Beneficiary** 

Prior to the Annuitization Date, the beneficiary is the person who is entitled to the death benefit if the Annuitant (and Contingent Annuitant, if applicable) dies before the Annuitization Date. The Contract Owner can name more than one beneficiary. Multiple beneficiaries will share the death benefit equally, unless otherwise specified.

A contingent beneficiary will succeed to the rights of the beneficiary if no beneficiary is alive when a death benefit is paid. The Contract Owner can name more than one contingent beneficiary. Multiple contingent beneficiaries will share the death benefit equally, unless otherwise specified.

After the Annuitization Date, the beneficiaries and contingent beneficiaries have no interest in the contract.

**Changes to the Parties to the Contract** 

Prior to the Annuitization Date (and subject to any existing assignments), the Contract Owner may request to change the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Owner (Non-Qualified Contracts only);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• joint owner (must be Contract Owner's spouse);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• contingent owner;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annuitant (subject to Nationwide's underwriting and approval);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contingent Annuitant (subject to Nationwide's underwriting and approval);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Co-Annuitant (must be the Annuitant's spouse);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• beneficiary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• contingent beneficiary.

The Contract Owner must submit the request to Nationwide in writing and Nationwide must receive the request at the Service Center before the Annuitization Date. Once Nationwide receives and records the change request, the change will be effective as of the date the written request was signed (unless otherwise specified by the Contract Owner), whether or not the Contract Owner or Annuitant is living at the time it was recorded. The change will not affect any action taken by Nationwide before the change was recorded. Nationwide reserves the right to reject any change request that would alter the nature of the risk that Nationwide assumed when it originally issued the contract.

If the Contract Owner is not a natural person and there is a change of the Annuitant, distributions will be made as if the Contract Owner died at the time of the change, regardless of whether the Contract Owner named a Contingent Annuitant.

Any request to change the Contract Owner must be signed by the existing Contract Owner and the person designated as the new Contract Owner. Nationwide may require a signature guarantee. Changes in contract ownership may result in federal income taxation and may be subject to state and federal gift taxes. Changes in ownership and contract assignments could have a negative impact on certain benefits under the contract, including the death benefit.

Certain options and features under the contract have specific requirements as to who can be named as the Contract Owner, Annuitant, Co-Annuitant, and/or beneficiary in order to receive the benefit of the option or feature. Changes to the parties to the contract may result in the termination or loss of benefit of these options or features. Contract Owners contemplating changes to the parties to the contract should contact their financial professional to determine how the changes impact the options and features under the contract.

**Community Property States** 

In community property states, the Contract Owner's spouse may have a community property interest in the proceeds of an annuity contract even if the spouse is not a named party on the contract. Changes of beneficiary and/or ownership, assignment, and certain financial transactions may impede the spouse's community property interest. The spouse may need to consent to these types of transactions. The Contract Owner should seek legal advice regarding the applicability of community property laws to the contract and whether spousal consent is necessary. Nationwide is not responsible for determining the applicability of community property laws to the contract.

**Assignment** 

Contracts other than Non-Qualified Contracts may not be assigned, pledged or otherwise transferred except where allowed by law.

A Non-Qualified Contract Owner may assign some or all rights under the contract while the Annuitant is alive, subject to Nationwide's consent. Nationwide is not responsible for the validity or tax consequences of any assignment and Nationwide is not liable for any payment or settlement made before the assignment is recorded. Assignments will not be recorded until Nationwide receives sufficient direction from the Contract Owner and the assignee regarding the proper allocation of contract rights.

Amounts pledged or assigned will be treated as distributions and will be included in gross income to the extent that the cash value exceeds the investment in the contract for the taxable year in which it was pledged or assigned. Amounts assigned may be subject to a tax penalty equal to 10% of the amount included in gross income.

Assignment of the entire Contract Value may cause the portion of the Contract Value exceeding the total investment in the contract and previously taxed amounts to be included in gross income for federal income tax purposes each year that the assignment is in effect.

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**Beneficially Owned Contracts** 

A beneficially owned contract is a contract that is inherited by a beneficiary and the beneficiary holds the contract as a beneficiary (as opposed to treating the contract as his/her own) to facilitate the distribution of a death benefit or contract value in accordance with the applicable federal tax laws (see *Appendix B: Contract Types and Tax Information*). An owner of a beneficially owned contract is referred to as a "beneficial owner."

Not all options and features described in this prospectus are available to beneficially owned contracts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No changes to the parties will be permitted on any beneficially owned contract, except that a beneficial owner may request changes to their successor beneficiary(ies).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• There is no death benefit payable on a continued beneficially owned contract. After the death of the beneficial owner, any remaining death benefit or contract value to be distributed will be payable to a successor beneficiary in accordance with applicable federal tax laws.

A beneficiary who is the surviving spouse of a contract owner has the option under the tax laws to continue the contract as the sole contract owner and treat the contract as the spouse's own. If a spouse continues the contract as the sole contract owner, the spouse will not be treated as a beneficial owner and this section will not apply.

**Operation of the Contract**

**Pricing** 

Generally, Nationwide prices Accumulation Units on each day that the New York Stock Exchange is open. (Pricing is the calculation of a new Accumulation Unit value that reflects that day's investment experience.)

Accumulation Units are not priced when the New York Stock Exchange is closed or on the following nationally recognized holidays (or on the dates that such holidays are observed by the New York Stock Exchange):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New Year's Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Martin Luther King, Jr. Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Presidents' Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Good Friday

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Memorial Day

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Juneteenth National Independence Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Independence Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Labor Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Thanksgiving

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Christmas

Nationwide also will not price purchase payments, withdrawals, or transfers if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) trading on the New York Stock Exchange is restricted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) an emergency exists making disposal or valuation of securities held in the Variable Account impracticable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the SEC, by order, permits a suspension or postponement for the protection of security holders.

Rules and regulations of the SEC will govern as to when the conditions described in (1) and (2) exist. If Nationwide is closed on days when the New York Stock Exchange is open, Contract Value may change and Contract Owners will not have access to their accounts.

**Application and Allocation of Purchase Payments** 

***Initial Purchase Payments*** 

Initial purchase payments will be priced at the Accumulation Unit value next determined no later than two business days after receipt of an order to purchase if the application and all necessary information are complete and are received at the Service Center before the close of regular trading on the New York Stock Exchange, which generally occurs at 4:00 p.m. EST. If the order is received after the close of regular trading on the New York Stock Exchange, the initial purchase payment will be priced within two business days after the next Valuation Date.

If an incomplete application is not completed within five business days after receipt at the Service Center, the prospective purchaser will be informed of the reason for the delay. The purchase payment will be returned unless the prospective purchaser specifically consents to allow Nationwide to hold the purchase payment until the application is completed.

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Generally, initial purchase payments are allocated according to Contract Owner instructions on the application. However, in some states, Nationwide will allocate initial purchase payments to the money market Sub-Account during the free look period. After the free look period, Nationwide will reallocate the Contract Value among the investment options based on the instructions contained on the application. In other states, Nationwide will immediately allocate initial purchase payments to the investment options based on the instructions contained on the application. Contact the Service Center or refer to your contract for state specific information on the allocation of initial purchase payments.

***Subsequent Purchase Payments*** 

Any subsequent purchase payment received at the Service Center (along with all necessary information) before the close of regular trading on the New York Stock Exchange on any Valuation Date will be priced at the Accumulation Unit value next determined after receipt of the purchase payment. If a subsequent purchase payment is received at the Service Center (along with all necessary information) after the close of regular trading on the New York Stock Exchange, it will be priced at the Accumulation Unit value determined on the following Valuation Date.

***Allocation of Purchase Payments*** 

Nationwide allocates purchase payments to the Sub-Accounts and/or Fixed Account as instructed by the Contract Owner. Effective May 1, 2025, the GTOs are not available to receive new allocations, transfers, or renewals. Shares of the underlying mutual funds in which the Sub-Accounts invest are purchased at Net Asset Value, then the Contract Owner receives Accumulation Units in the Sub-Account(s) to which the Contract Owner allocated purchase payments.

Contract Owners can change allocations or make exchanges among the Sub-Accounts after the time of application by submitting a written request to the Service Center. However, no change may be made that would result in an amount less than 1% of the purchase payments being allocated to any Sub-Account. In the event that Nationwide receives such a request, Nationwide will inform the Contract Owner that the allocation instructions are invalid and that the contract's allocations among the Sub-Accounts prior to the request will remain in effect. Certain transactions may be subject to conditions imposed by the underlying mutual funds.

**Determining the Contract Value**

The Contract Value is the sum of the value of amounts (including any Extra Value Option credits applied to the contract) allocated to the Sub-Accounts plus any amount held in the Fixed Account, the GTOs, and the collateral fixed account. If charges are assessed against the whole Contract Value, Nationwide will deduct a proportionate amount from each Sub-Account, the Fixed Account, and the GTOs based on current cash values.

***Determining Variable Account Value - Valuing an Accumulation Unit*** 

Sub-Account allocations are accounted for in Accumulation Units. Accumulation Unit values (for each Sub-Account) are determined by calculating the Net Investment Factor for the Sub-Accounts for the current Valuation Period and multiplying that result with the Accumulation Unit values determined on the previous Valuation Period. For each Sub-Account, the Net Investment Factor is the investment performance of the underlying mutual fund in which a particular Sub-Account invests, including the charges assessed against that Sub-Account for a Valuation Period.

Nationwide uses the Net Investment Factor as a way to calculate the investment performance of a Sub-Account from Valuation Period to Valuation Period.

The Net Investment Factor for any particular Sub-Account before the Annuitization Date is determined by dividing (a) by (b), and then subtracting (c) from the result, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Net Asset Value of the underlying mutual fund as of the end of the current Valuation Period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the per share amount of any dividend or income distributions made by the underlying mutual fund (if the date of the dividend or income distribution occurs during the current Valuation Period).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the Net Asset Value of the underlying mutual fund determined as of the end of the preceding Valuation Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) is a factor representing the daily total Variable Account charges, which may include charges for optional benefits elected by the Contract Owner. The factor is equal to an annualized rate ranging from 0.95% to 3.95% of the Daily Net Assets, depending on which optional benefits the Contract Owner elects.

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Based on the change in the Net Investment Factor, the value of an Accumulation Unit may increase or decrease. Changes in the Net Investment Factor may not be directly proportional to changes in the Net Asset Value of the underlying mutual fund shares because of the deduction of Variable Account charges.

Though the number of Accumulation Units will not change as a result of investment experience, the value of an Accumulation Unit may increase or decrease from Valuation Period to Valuation Period.

***Determining Fixed Account Value*** 

Nationwide determines the value of the Fixed Account by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) adding all amounts allocated to the Fixed Account (including any Extra Value Option credits applied to the contract), minus amounts previously transferred or withdrawn from the Fixed Account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) adding any interest earned on the amounts allocated to the Fixed Account; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) subtracting charges deducted in accordance with the contract.

***Determining Guaranteed Term Option Value*** 

Nationwide determines the value of a Guaranteed Term Option by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) adding all amounts allocated to any Guaranteed Term Option (including any Extra Value Option credits applied to the contract), minus amounts previously transferred or withdrawn from a Guaranteed Term Option (which may be subject to a market value adjustment);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) adding any interest earned on the amounts allocated to a Guaranteed Term Option; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) subtracting charges deducted in accordance with the contract.

**Transfer Requests** 

Contract Owners may submit transfer requests in writing, over the telephone, or via the Internet to the Service Center. Some benefits or features under the contract may limit the manner in which transfer requests can be submitted, as indicated in the respective provision. Nationwide may restrict or withdraw the telephone and/or Internet transfer privilege at any time.

Generally, Sub-Account transfers will receive the Accumulation Unit value next computed after the transfer request is received at the Service Center. However, if a contract that is limited to submitting transfer requests via U.S. mail submits a transfer request via the Internet or telephone pursuant to Nationwide's one-day delay policy, the transfer will be executed on the next Valuation Date after the exchange request is received at the Service Center (see *Transfer Restrictions*).

**Transfers Prior to Annuitization**

***Transfers from the Fixed Account*** 

A Contract Owner may request to transfer allocations from the Fixed Account to the Sub-Accounts or a GTO only upon reaching the end of a Fixed Account interest rate guarantee period. Fixed Account transfers must be made within 45 days after the end of the interest rate guarantee period.

Normally, Nationwide will permit 100% of the maturing Fixed Account allocations to be transferred. However, Nationwide may limit the amount that can be transferred from the Fixed Account. Nationwide will determine the amount that may be transferred and will declare this amount at the end of the Fixed Account interest rate guarantee period. The maximum transferable amount will never be less than 10% of the Fixed Account allocation reaching the end of a Fixed Account interest rate guarantee period. Any limit on the amount that can be transferred from the Fixed Account will be communicated to impacted Contract Owners at the end of the Fixed Account interest rate guarantee period. Any such limitations will substantially extend the amount of time it takes to transfer the entire Fixed Account allocation to another investment option.

Contract Owners who use Dollar Cost Averaging may transfer from the Fixed Account under the terms of that program.

Effective May 1, 2025, no transfers from the Fixed Account to the Guaranteed Term Options are permitted.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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***Transfers to the Fixed Account*** 

Normally, Nationwide will not restrict transfers to the Fixed Account; however, Nationwide may establish a maximum transfer limit for transfers to the Fixed Account. Except as noted below, the transfer limit will not be less than 10% of the current value of Sub-Account allocations, less any transfers made in the 12 months preceding the date the transfer is requested, but not including transfers made prior to the imposition of the transfer limit.

Nationwide reserves the right to limit or refuse transfers to the Fixed Account. Generally, Nationwide will invoke this right when interest rates are low by historical standards.

***Transfers from a Guaranteed Term Option*** 

Transfers from a Guaranteed Term Option prior to maturity are subject to a market value adjustment.

***Transfers from the Sub-Accounts*** 

Except as otherwise indicated in *Transfers to the Fixed Account*, a Contract Owner may request to transfer allocations from the Sub-Accounts to the Fixed Account at any time. Effective May 1, 2025, no transfers from the Sub-Accounts to the Guaranteed Term Options are permitted.

***Transfers Among the Sub-Accounts*** 

A Contract Owner may request to transfer allocations among the Sub-Accounts at any time, subject to terms and conditions imposed by this prospectus and the underlying mutual funds.

**Transfers After Annuitization** 

After annuitization, the portion of the Contract Value allocated to fixed annuity payments and the portion of the Contract Value allocated to variable annuity payments may not be changed.

After annuitization, if variable annuity payments are elected, transfers among Sub-Accounts may only be made once per calendar year*.* See *Annuitizing the Contract.*

**Transfer Restrictions**

Neither the contracts described in this prospectus nor the underlying mutual funds are designed to support active trading strategies that require frequent movement between or among Sub-Accounts (sometimes referred to as "market-timing" or "short-term trading"). A Contract Owner who intends to use an active trading strategy should consult his/her financial professional and request information on other Nationwide variable annuity contracts that offer investment in underlying mutual funds that are designed specifically to support active trading strategies.

Nationwide discourages (and will take action to deter) short-term trading in this contract because the frequent movement between or among Sub-Accounts may negatively impact other investors in the contract. Short-term trading can result in:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the dilution of the value of the investors' interests in the underlying mutual fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• underlying mutual fund managers taking actions that negatively impact performance (keeping a larger portion of the underlying mutual fund assets in cash or liquidating investments prematurely in order to support redemption requests); and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• increased administrative costs due to frequent purchases and redemptions.

To protect investors in this contract from the negative impact of these practices, Nationwide has implemented, or reserves the right to implement, several processes and/or restrictions aimed at eliminating the negative impact of active trading strategies. Nationwide makes no assurances that all risks associated with short-term trading will be completely eliminated by these processes and/or restrictions.

Nationwide cannot guarantee that its attempts to deter active trading strategies will be successful. If Nationwide is unable to deter active trading strategies, the performance of the Sub-Accounts that are actively traded may be adversely impacted.

***U.S. Mail Restrictions*** 

Nationwide monitors transfer activity in order to identify those who may be engaged in harmful trading practices. Transaction reports are produced and examined. Generally, a contract may appear on these reports if the Contract Owner (or a third party acting on their behalf) engages in a certain number of "transfer events" in a given period. A "transfer event" is any transfer, or combination of transfers, occurring on a given trading day (Valuation Period). For example, if a

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Contract Owner executes multiple transfers involving 10 investment options in one day, this counts as one transfer event. A single transfer occurring on a given trading day and involving only two investment options will also count as one transfer event.

As a result of this monitoring process, Nationwide may restrict the method of communication by which transfer orders will be accepted. In general, Nationwide will adhere to the following guidelines:

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| | |
|:---|:---|
| **Trading Behavior** | **Nationwide's Response** |
| Six or more transfer events within <br> one calendar quarter<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide will mail a letter to the Contract Owner notifying them that:<br> (1)they have been identified as engaging in harmful trading practices; and<br> (2)if their transfer events total 11 within two consecutive calendar quarters or 20 within one <br> calendar year, the Contract Owner will be limited to submitting transfer requests via U.S. <br> mail on a Nationwide issued form.<br>|
| 11 transfer events within two <br> consecutive calendar quarters<br> OR<br> 20 transfer events within one <br> calendar year<br>| &nbsp;&nbsp; Nationwide will automatically limit the Contract Owner to submitting transfer requests via U.S. <br> mail on a Nationwide issued form.<br>|

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For purposes of Nationwide's transfer policy, U.S. mail includes standard U.S. mail, overnight U.S. mail, and overnight delivery via private carrier.

For calendar year restrictions, each January 1, Nationwide will start the monitoring anew, so that each contract starts with 0 transfer events each January 1. For restrictions on transfer events within two consecutive calendar quarters, Nationwide refreshes the transfer event restriction period at the beginning of each calendar quarter considering only transfers that occur in the current calendar quarter and occurred in the immediately preceding calendar quarter.

Contract Owners that are required to submit transfer requests via U.S. mail will be required to use a Nationwide issued form for their transfer request. Nationwide will refuse transfer requests that either do not use the Nationwide issued form for their transfer request or fail to provide accurate and complete information on their transfer request form. In the event that a Contract Owner's transfer request is refused by Nationwide, they will receive notice in writing by U.S. mail and will be required to resubmit their transfer request on a Nationwide issued form.

*Managers of Multiple Contracts* 

Some investment financial professionals manage the assets of multiple Nationwide contracts pursuant to trading authority granted or conveyed by multiple Contract Owners. These multi-contract financial professionals may be required by Nationwide to submit all transfer requests via U.S. mail.

Nationwide may, as an administrative practice, implement a "one-day delay" program for these multi-contract financial professionals, which they can use in addition to or in lieu of submitting transfer requests via U.S. mail. The one-day delay option permits multi-contract financial professionals to continue to submit transfer requests via the Internet or telephone. However, transfer requests submitted by multi-contract financial professionals via the Internet or telephone will not receive the next available Accumulation Unit value. Rather, they will receive the Accumulation Unit value that is calculated on the following Valuation Date. Transfer requests submitted under the one-day delay program are irrevocable. Multi-contract financial professionals will receive advance notice of being subject to the one-day delay program.

***Other Restrictions*** 

Nationwide reserves the right to refuse or limit transfer requests, or take any other action it deems necessary in order to protect Contract Owners, Annuitants, and beneficiaries from the negative investment results that may result from short-term trading or other harmful investment practices employed by some Contract Owners (or third parties acting on their behalf). In particular, trading strategies designed to avoid or take advantage of Nationwide's monitoring procedures (and other measures aimed at curbing harmful trading practices) that are nevertheless determined by Nationwide to constitute harmful trading practices, may be restricted.

Any restrictions that Nationwide implements will be applied consistently and uniformly.

***Underlying Mutual Fund Restrictions and Prohibitions*** 

Pursuant to regulations adopted by the SEC, Nationwide is required to enter into written agreements with the underlying mutual funds which allow the underlying mutual funds to:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) request the taxpayer identification number, international taxpayer identification number, or other government issued identifier of any Contract Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) request the amounts and dates of any purchase, redemption, transfer, or exchange request ("transaction information"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) instruct Nationwide to restrict or prohibit further purchases or exchanges by Contract Owners that violate policies established by the underlying mutual fund (whose policies may be more restrictive than Nationwide's policies).

Nationwide is required to provide such transaction information to the underlying mutual funds upon their request. In addition, Nationwide is required to restrict or prohibit further purchases or requests to exchange into a specific Sub-Account upon instruction from the underlying mutual fund in which that Sub-Account invests. Nationwide and any affected Contract Owner may not have advance notice of such instructions from an underlying mutual fund to restrict or prohibit further purchases or requests to exchange. If an underlying mutual fund refuses to accept a purchase or request to exchange into the Sub-Account associated with the underlying mutual fund submitted by Nationwide, Nationwide will keep any affected Contract Owner in their current Sub-Account allocation.

**Right to Examine and Cancel**

If the Contract Owner elects to cancel the contract, he/she may return it to the Service Center within a certain period of time known as the "free look" period. Depending on the state in which the contract was purchased (and, in some states, if the contract is purchased as a replacement for another annuity contract), the free look period may be 10 days or longer. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date. The contract issue date is the date the initial purchase payment is applied to the contract.

Where state law requires the return of purchase payments for free look cancellations, Nationwide will return all purchase payments applied to the contract, less any withdrawals from the contract and any applicable federal and state income tax withholding. Nationwide will recapture all of the Extra Value Option credits applied to the contract, but under no circumstances will the amount returned be less than the purchase payments made to the contract.

Where state law requires the return of Contract Value for free look cancellations, Nationwide will return the Contract Value as of the date of the cancellation, less any withdrawals from the contract and any applicable federal and state income tax withholding. Nationwide will recapture all of the Extra Value Option credits applied to the contract. The Contract Owner will retain any earnings attributable to the Extra Value Option credits, but all losses attributable to the Extra Value Option credits will be incurred by Nationwide.

Liability of the Variable Account under this provision is limited to the Contract Value in each Sub-Account on the date of revocation. Any additional amounts refunded to the Contract Owner will be paid by Nationwide.

**Allocation of Purchase Payments during Free Look Period** 

Where state law requires the return of purchase payments for free look cancellations, Nationwide will allocate initial purchase payments allocated to Sub-Accounts to the money market Sub-Account during the free look period.

Where state law requires the return of Contract Value for free look cancellations, Nationwide will immediately allocate initial purchase payments to the investment options based on the instructions contained on the application.

**Surrender/Withdrawal Prior to Annuitization**

Prior to annuitization and before the Annuitant's death, Contract Owners may generally withdraw some or all of their Contract Value. Withdrawals from the contract may be subject to federal income tax and/or a tax penalty (see *Appendix B: Contract Types and Tax Information*). Withdrawal requests may be submitted in writing or by telephone to the Service Center and Nationwide may require additional information. Requests submitted by telephone may be subject to dollar amount limitations and may be subject to payment and other restrictions to prevent fraud. Nationwide reserves the right to require written requests to be submitted on current Nationwide forms for withdrawals. Nationwide reserves the right to remove the ability to submit requests by telephone upon written notice. Contact the Service Center for current limitations and restrictions. When taking a full surrender, Nationwide may require that the contract accompany the request. Nationwide may require a signature guarantee.

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Surrender and withdrawal requests will receive the Accumulation Unit value next determined at the end of the current Valuation Period if the request and all necessary information is received at the Service Center before the close of regular trading on the New York Stock Exchange (generally, 4:00 pm EST). If the request and all necessary information is received after the close of regular trading on the New York Stock Exchange, the request will receive the Accumulation Unit value determined at the end of the next Valuation Day.

Nationwide will pay any amounts withdrawn from the Sub-Accounts within seven days after the request is received in good order at the Service Center (see *Determining the Contract Value*). However, Nationwide may suspend or postpone payment when it is unable to price a purchase payment or transfer, or as permitted or required by federal securities laws and rules and regulations of the SEC.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

A withdrawal from a GTO prior to its maturity date will be assessed a market value adjustment. The application of the market value adjustment could result in a loss.

If the Extra Value Option has been elected, and the amount withdrawn is subject to a CDSC, then for the first seven Contract Years only, a portion of the amount credited under the Extra Value Option may be recaptured. No recapture will take place after the end of the seventh Contract Year.

**Partial Withdrawals** 

If a Contract Owner requests a partial withdrawal, Nationwide will redeem Accumulation Units from the Sub-Accounts and an amount from the Fixed Account and the GTOs. The amount withdrawn from each investment option will be in proportion to the value in each option at the time of the withdrawal request, unless Nationwide is instructed otherwise.

Partial withdrawals are subject to the CDSC provisions of the contract. If a CDSC is assessed, the Contract Owner may elect to have the CDSC deducted from either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the amount requested; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Contract Value remaining after the Contract Owner has received the amount requested.

If the Contract Owner does not make a specific election, any applicable CDSC will be deducted from the amount requested by the Contract Owner.

The CDSC deducted is a percentage of the amount requested by the Contract Owner. Amounts deducted for CDSC are not subject to subsequent CDSC.

***Partial Withdrawals to Pay Investment Advisory Fees*** 

Some Contract Owners utilize an investment advisor(s) to manage their assets, for which the investment advisor assesses a fee. Investment advisors are not endorsed or affiliated with Nationwide and Nationwide makes no representation as to their qualifications. The fees for these investment advisory services are specified in the respective account agreements and are separate from and in addition to the contract fees and expenses described in this prospectus. Some Contract Owners authorize their investment advisor to take a partial withdrawal(s) from the contract in order to collect investment advisory fees. Withdrawals taken from this contract to pay advisory or investment management fees are subject to the CDSC provisions of the contract and may be subject to income tax and/or tax penalties.

**Full Surrenders** 

Upon full surrender, the Contract Value may be more or less than the total of all purchase payments made to the contract. The Contract Value will reflect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• standard contract charges

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• charges for optional benefits elected by the Contract Owner

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• underlying mutual fund charges

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• investment performance of the Sub-Accounts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• interest credited to Fixed Account allocations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amounts credited to GTO allocations, plus or minus any applicable market value adjustment

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• application of any Extra Value Option credits (and any recapture of such credits, if applicable)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any outstanding loan balance plus accrued interest

A CDSC may apply.

**Surrender/Withdrawal After Annuitization**

After the Annuitization Date, withdrawals other than regularly scheduled annuity payments are not permitted.

**Withdrawals Under Certain Plan Types**

**Withdrawals Under a Texas Optional Retirement Program or a Louisiana Optional Retirement Plan** 

Redemption restrictions apply to contracts issued under the Texas Optional Retirement Program or the Louisiana Optional Retirement Plan.

The Texas Attorney General has ruled that participants in contracts issued under the Texas Optional Retirement Program may only take withdrawals if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant retires;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant terminates employment due to total disability; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant that works in a Texas public institution of higher education terminates employment.

A participant under a contract issued under the Louisiana Optional Retirement Plan may only take distributions from the contract upon retirement or termination of employment. All retirement benefits under this type of plan must be paid as lifetime income; lump sum cash payments are not permitted, except for death benefits.

Due to these restrictions, a participant under either of these plans will not be able to withdraw Cash Value from the contract unless one of the applicable conditions is met. However, Contract Value may be transferred to other carriers, subject to any CDSC.

Nationwide issues this contract to participants in the Texas Optional Retirement Program in reliance upon and in compliance with Rule 6c-7 of the Investment Company Act of 1940. Nationwide issues this contract to participants in the Louisiana Optional Retirement Plan in reliance upon and in compliance with an exemptive order that Nationwide received from the SEC on August 22, 1990.

**Withdrawals Under a Tax Sheltered Annuity** 

Contract Owners of a Tax Sheltered Annuity may withdraw part or all of their Contract Value before the earlier of the Annuitization Date or the Annuitant's death, except as provided below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Contract Value attributable to contributions made under a qualified cash or deferred arrangement (within the meaning of Internal Revenue Code Section 402(g)(3)(A)), a salary reduction agreement (within the meaning of Internal Revenue Code Section 402(g)(3)(C)), or transfers from a Custodial Account (described in Section 403(b)(7) of the Internal Revenue Code), may be withdrawn only:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) when the Contract Owner reaches age 59½, separates from service, dies, or becomes disabled (within the meaning of Internal Revenue Code Section 72(m)(7)); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) in the case of hardship (as defined for purposes of Internal Revenue Code Section 401(k)), provided that any such hardship surrender may not include any income earned on salary reduction contributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) The withdrawal limitations described previously also apply to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) salary reduction contributions to Tax Sheltered Annuities made for plan years beginning after December 31, 1988;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) earnings credited to such contracts after the last plan year beginning before January 1, 1989, on amounts attributable to salary reduction contributions; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) all amounts transferred from Internal Revenue Code Section 403(b)(7) Custodial Accounts (except that earnings and employer contributions as of December 31, 1988 in such Custodial Accounts may be withdrawn in the case of hardship).

Any distribution other than the above, including a free look cancellation of the contract (when available) may result in taxes, penalties, and/or retroactive disqualification of a Tax Sheltered Annuity.

In order to prevent disqualification of a Tax Sheltered Annuity after a free look cancellation, Nationwide will transfer the proceeds to another Tax Sheltered Annuity upon proper direction by the Contract Owner.

These provisions explain Nationwide's understanding of current withdrawal restrictions. These restrictions may change.

Distributions pursuant to Qualified Domestic Relations Orders will not violate the restrictions stated previously.

**Loan Privilege** 

The loan privilege is only available to owners of Tax Sheltered Annuities. Loans may be taken from the Contract Value after expiration of the free look period up to the Annuitization Date. Loans are subject to the terms of the contract, the plan, and the Internal Revenue Code. Nationwide may modify the terms of a loan to comply with changes in applicable law. Loans are not available in all states.

**Minimum and Maximum Loan Amounts** 

Contract Owners may borrow a minimum of $1,000, unless Nationwide is required by law to allow a lesser minimum amount. Each loan must individually satisfy the contract minimum amount.

The maximum nontaxable loan amount is based on information provided by the participant or the employer. This amount may be impacted if a participant has additional loans from other plans. The total of all outstanding loans must not exceed the following limits:

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| | | |
|:---|:---|:---|
|  | **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\*) |

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\*

The $50,000 limits will be reduced by the highest outstanding balance owed during the previous 12 months.

For salary reduction Tax Sheltered Annuities, loans may be secured only by the Contract Value.

**Maximum Loan Processing Fee** 

Nationwide charges a Loan Processing Fee at the time each new loan is processed. The Loan Processing Fee will not exceed $25 per loan processed. This fee compensates Nationwide for expenses related to administering and processing loans. Loans are not available in all states. In addition, some states may not allow Nationwide to assess a Loan Processing Fee.

The fee is taken from all of the investment options in proportion to the Contract Value at the time the loan is processed.

**How Loan Requests are Processed** 

All loans are made from assets in Nationwide's General Account. As collateral for the loan, Nationwide holds an amount equal to the loan in a collateral fixed account (which is part of Nationwide's General Account).

When a loan request is processed, Nationwide transfers Accumulation Units from the Sub-Accounts to the collateral fixed account until the requested amount is reached. The amount deducted from the Sub-Accounts will be in the same proportion as the Sub-Account allocations, unless the Contract Owner has instructed otherwise. If there are not enough Accumulation Units available in the contract to reach the requested loan amount, Nationwide would then transfer Contract Value from the Fixed Account. Contract Value transferred from the Fixed Account to meet the requested loan amount is not subject to the Fixed Account transfer limitations otherwise applicable under the contract.

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If the requested loan amount is not reached based on the transfers stated above, any remaining required collateral for the loan will be transferred from the Guaranteed Term Options. Transfers from the Guaranteed Term Options may be subject to a market value adjustment.

No CDSC will be deducted on transfers related to loan processing.

**Interest Charged and Credited** 

Compound interest is charged on the outstanding loan balance consisting of outstanding principal plus accrued interest. The total interest rate is comprised of a collateral interest rate plus a finance interest rate. The total interest rate is disclosed at the time of loan application or loan issuance.

The finance interest rate will be 2.25%. The collateral interest rate will be the total interest rate minus the finance interest rate and will be no less than the guaranteed minimum interest rate stated in the contract.

When a loan is repaid in accordance with the payment schedule provided at the time the loan is issued, collateral interest and finance interest that accrue between scheduled payments are paid off. As payments are made, collateral interest is credited to the collateral fixed account, and finance interest is paid to Nationwide. Finance interest may provide revenue for risk charges and profit.

**Accrual of Principal and Interest After Default** 

Upon default, unpaid principal and collateral interest, and finance interest, will separately accrue and compound at the total interest rate. When the total interest rate is applied to accruing finance interest after default, the entire amount of interest is added to the outstanding finance interest. This will cause the total amount of the outstanding loan balance to grow rapidly over time.

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| | | | | |
|:---|:---|:---|:---|:---|
| ***Example:*** |  |  |  |  |
| Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | 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; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $50,000<br> (outstanding principal)<br>| = | &nbsp;&nbsp; $3,125<br> ($2,000 =collateral interest<br> $1,125 = finance interest)<br>|
| 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; |
| $2,000<br> (collateral interest)<br>| + | &nbsp;&nbsp; $50,000<br> (outstanding principal)<br>| = | &nbsp;&nbsp; $52,000<br> (outstanding principal <br> and collateral interest)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and |
| $1,125<br> (outstanding finance <br> interest)<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. |
| $52,000<br> (outstanding principal <br> and collateral interest)<br>| + | &nbsp;&nbsp; $1,125<br> (outstanding finance <br> interest)<br>| = | &nbsp;&nbsp; $53,125<br> (total outstanding <br> principal and interest)<br>|
| Thereafter, when interest is <br> calculated:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; |

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| | | | | |
|:---|:---|:---|:---|:---|
| ***Example:*** |  |  |  |  |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $52,000<br> (1A outstanding <br> principal and <br> collateral interest)<br>| = | &nbsp;&nbsp; $3,250<br> ($2,080 = collateral interest<br> $1,170 = finance interest)<br>|
| 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; |
| $2,080<br> (collateral interest)<br>| + | &nbsp;&nbsp; $52,000<br> (1A outstanding <br> principal and <br> collateral interest)<br>| = | &nbsp;&nbsp; $54,080<br> (outstanding principal <br> and collateral interest)<br>|
| 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $1,125<br> (outstanding finance <br> interest)<br>| = | &nbsp;&nbsp; $70.31<br> (finance interest)<br>|
| $70.31<br> (finance interest)<br>| + | &nbsp;&nbsp; $1,125<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $1,195.31<br> (outstanding <br> finance interest)<br>|
| 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; |
| $1,170<br> (finance interest)<br>| + | &nbsp;&nbsp; $1,195.31<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $2,365.31<br> (outstanding <br> finance interest)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. |
| $54,080<br> (total outstanding principal <br> and collateral interest)<br>| + | &nbsp;&nbsp; $2,365.31<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $56,445.31<br> (total outstanding <br> principal and interest)<br>|
| This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: |
| Outstanding Principal | Outstanding Principal | Outstanding Principal |  | $50000 |
| Outstanding Collateral Interest | Outstanding Collateral Interest | Outstanding Collateral Interest |  | $40047 |
| Outstanding Finance Interest | Outstanding Finance Interest | Outstanding Finance Interest |  | $34091 |
| Total Outstanding Principal and Interest | Total Outstanding Principal and Interest | Total Outstanding Principal and Interest |  | $124138 |

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**Loan Repayment** 

Loans must be repaid in five years. However, if the loan is used to purchase the Contract Owner's principal residence, the Contract Owner has 15 years to repay the loan.

Contract Owners must identify loan repayments as loan repayments or they will be treated as purchase payments and will not reduce the outstanding loan balance. Payments must be substantially level and made at least quarterly. Over time, unpaid loan interest charges can cause the total amount of the outstanding loan balance to be significant, so it is advantageous to make a loan repayment at least quarterly. The Contract Owner should contact the Service Center to obtain loan pay-off amounts.

When the Contract Owner makes a loan repayment, the amount in the collateral fixed account will be reduced by the amount of the payment that represents loan principal. Additionally, the amount of the payment that represents loan principal and credited interest will be applied to the Sub-Accounts and the Fixed Account in accordance with the allocation instructions in effect at the time the payment is received, unless the Contract Owner directs otherwise.

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Loan repayments to the Guaranteed Term Options must be at least $1,000. If the proportional share of the repayment to the Guaranteed Term Option is less than $1,000, that portion of the repayment will be allocated to the money market Sub-Account unless the Contract Owner directs otherwise.

**Distributions and Annuity Payments** 

Distributions made from the contract while a loan is outstanding will be reduced by the amount of the outstanding loan plus accrued interest if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is surrendered;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Owner/Annuitant dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Owner who is not the Annuitant dies prior to annuitization; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• annuity payments begin.

**Transferring the Contract** 

Nationwide reserves the right to restrict any transfer of the contract while the loan is outstanding.

**Grace Period and Loan Default** 

If a loan payment is not made when due, interest will continue to accrue. A grace period may be available (refer to the terms of the loan agreement). During the grace period, the loan is considered outstanding, but not in default. If a loan payment is not made by the end of the applicable grace period and the Contract Owner is eligible for a distribution, the loan payment amount may be deducted from the Contract Value and applied as a loan payment, which will be treated as an actual distribution.

If the Contract Owner fails to make a full payment by the end of the applicable grace period, and is not eligible to take a distribution, the loan will default. In the year of a default, the entire outstanding loan balance, plus accrued interest, will be treated as a deemed distribution and will be taxable to the Contract Owner. This deemed distribution may also be subject to an early withdrawal tax penalty by the Internal Revenue Service. After default, the loan is still outstanding and interest will continue to accrue until the entire loan balance has been repaid. Additional loans are not available until all defaulted loans have been repaid.

**Contract Owner Services**

**Asset Rebalancing** 

Asset Rebalancing is the automatic reallocation of Contract Values to the Sub-Accounts on a predetermined percentage basis. Asset Rebalancing is not available for assets held in the Fixed Account or the GTOs. Requests for Asset Rebalancing must be on a Nationwide form and submitted to the Service Center. Once Asset Rebalancing is elected, it will only be terminated upon specific instruction from the Contract Owner; manual transfers will not automatically terminate the program. Currently, there is no additional charge for Asset Rebalancing.

Asset Rebalancing occurs every three months or on another frequency if permitted by Nationwide. If the last day of the designated rebalancing period falls on a Saturday, Sunday, recognized holiday, or any other day when the New York Stock Exchange is closed, Asset Rebalancing will occur on the next business day. Each Asset Rebalancing reallocation is considered a transfer event (see *Transfer Restrictions*).

Asset Rebalancing may be subject to employer limitations or restrictions for contracts issued to a Tax Sheltered Annuity plan. Contract Owners should consult a financial professional to discuss the use of Asset Rebalancing.

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Nationwide reserves the right to stop establishing new Asset Rebalancing programs. Existing Asset Rebalancing programs will remain in effect unless otherwise terminated.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. C elects to participate in Asset Rebalancing and has instructed his Contract Value be <br> allocated as follows: 40% to Sub-Account A, 40% to Sub-Account B, and 20% to Sub-<br> Account C. Mr. C elects to rebalance quarterly. Each quarter, Nationwide will automatically <br> rebalance Mr. C's Contract Value by transferring Contract Value among the three elected <br> Sub-Accounts so that his 40%/40%/20% allocation remains intact.<br>|

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**Dollar Cost Averaging**

Dollar Cost Averaging is a long-term transfer program that allows the Contract Owner to make regular, level investments over time. Dollar Cost Averaging involves the automatic transfer of a specific amount from the Fixed Account and/or certain Sub-Accounts into other Sub-Accounts. With this service, the Contract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.

Contract Owners direct Nationwide to automatically transfer specified amounts from the Fixed Account and the following Sub-Account(s) (if available):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Loomis Core Bond Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class

or to any other Sub-Account(s). Dollar Cost Averaging transfers may not be directed to the Fixed Account or the 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. Contract Owners that wish to utilize Dollar Cost Averaging should first inquire whether any Enhanced Fixed Account Dollar Cost Averaging programs are available.

Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until either the value in the originating investment option is exhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwide to stop the transfers, all amounts remaining in the originating Fixed Account or Sub-Account will remain allocated to the Fixed Account or Sub-Account, unless Nationwide is instructed otherwise. Dollar Cost Averaging transfers are not considered transfer events.

Nationwide reserves the right to stop establishing new Dollar Cost Averaging programs.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. T elects to participate in Dollar Cost Averaging and has transferred $25,000 to an <br> eligible Sub-Account (Sub-Account S) that will serve as the source investment option for her <br> Dollar Cost Averaging program. She would like the Dollar Cost Averaging transfers to be <br> allocated as follows: $500 to Sub-Account L and $1,000 to Sub-Account M. Each month, <br> Nationwide will automatically transfer $1,500 from Sub-Account S and allocate $1,000 to <br> Sub-Account M and $500 to Sub-Account L.<br>|

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**Enhanced Fixed Account Dollar Cost Averaging** 

Nationwide may, periodically, offer Dollar Cost Averaging programs with an enhanced interest rate referred to as "Enhanced Fixed Account Dollar Cost Averaging." Enhanced Fixed Account Dollar Cost Averaging involves the automatic transfer of a specific amount from an enhanced rate Fixed Account into any Sub-Account(s). With this service, the Contract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.

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Only new purchase payments to the contract are eligible for Enhanced Fixed Account Dollar Cost Averaging. Enhanced Fixed Account Dollar Cost Averaging transfers may not be directed to the Fixed Account or the GTOs. Amounts allocated to the enhanced rate Fixed Account as part of an Enhanced Fixed Account Dollar Cost Averaging program earn a higher rate of interest than assets allocated to the standard Fixed Account. Each enhanced rate is guaranteed for as long as the corresponding program is in effect.

Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until either amounts allocated to the Fixed Account as part of an Enhanced Fixed Account Dollar Cost Averaging program are exhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwide to stop the transfers, Nationwide will automatically reallocate any amount remaining in the enhanced rate Fixed Account according to future investment allocation instructions, unless directed otherwise. Enhanced Fixed Account Dollar Cost Averaging transfers are not considered transfer events.

Nationwide reserves the right to stop establishing new Enhanced Fixed Account Dollar Cost Averaging programs.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. E elects to participate in Enhanced Fixed Account Dollar Cost Averaging and has <br> allocated new purchase payments of $22,000 to the Fixed Account, which will receive an <br> enhanced interest crediting rate. He would like the Enhanced Fixed Account Dollar Cost <br> Averaging transfers to be allocated as follows: $1,000 to Sub-Account L and $1,000 to Sub-<br> Account M. Each month, Nationwide will automatically transfer $2,000 from the Fixed <br> Account and allocate $1,000 to Sub-Account M and $1,000 to Sub-Account L.<br>|

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**Systematic Withdrawals** 

Systematic Withdrawals allow Contract Owners to receive a specified amount (of at least $100) on a monthly, quarterly, semi-annual, or annual basis. Requests for Systematic Withdrawals and requests to discontinue Systematic Withdrawals must be submitted in good order and in writing to the Service Center.

The withdrawals will be taken from the Sub-Accounts and the Fixed Account proportionally unless Nationwide is instructed otherwise. Systematic Withdrawals are not available for assets held in the Guaranteed Term Options.

Nationwide will withhold federal income taxes from Systematic Withdrawals unless otherwise instructed by the Contract Owner. The Internal Revenue Service may impose a 10% penalty tax if the Contract Owner is under age 59½, unless the Contract Owner has made an irrevocable election of distributions of substantially equal payments.

A CDSC may apply to amounts taken through Systematic Withdrawals. If the Contract Owner takes Systematic Withdrawals, the maximum amount that can be withdrawn annually without a CDSC is the greater of the amount available under the CDSC-free withdrawal privilege (see *Contingent Deferred Sales Charge*), and a given percentage of the Contract Value that is based on the Contract Owner's age, as shown in the following table:

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| | |
|:---|:---|
| **Contract Owner's Age** | **Percentage of Contract Value** |
| Under age 59½  | &nbsp;&nbsp; 5<br> %<br>|
| 59½ through age 61 | &nbsp;&nbsp; 7<br> %<br>|
| 62 through age 64 | &nbsp;&nbsp; 8<br> %<br>|
| 65 through age 74 | &nbsp;&nbsp; 10<br> %<br>|
| 75 and over | &nbsp;&nbsp; 13<br> %<br>|

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The Contract Owner's age is determined as of the date the request for Systematic Withdrawals is recorded by the Service Center. For joint owners, the older joint owner's age will be used.

The CDSC-free withdrawal privilege for Systematic Withdrawals is non-cumulative. Free amounts not taken during any Contract Year cannot be taken as free amounts in a subsequent Contract Year. In any given Contract Year, any amount withdrawn in excess of the amount permitted under this program will be subject to the CDSC provisions (see *Contingent Deferred Sales Charge*).

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Nationwide reserves the right to stop establishing new Systematic Withdrawal programs. Systematic Withdrawals are not available before the end of the free look period.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elects to take Systematic Withdrawals equal to $5,000 on a quarterly basis. She has <br> not directed that the withdrawals be taken from specific Sub-Accounts, so each quarter, <br> Nationwide will withdraw $5,000 from Ms. H's contract proportionally from each Sub-<br> Account, and will mail her a check or wire the funds to the financial institution of her choice.<br>|

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**Death Benefit**

**Death of Contract Owner** 

If a Contract Owner (including a joint owner) who is not the Annuitant dies before the Annuitization Date, no death benefit is payable and the surviving joint owner becomes the Contract Owner. If there is no surviving joint owner, the contingent owner becomes the Contract Owner. If there is no surviving contingent owner, the last surviving Contract Owner's estate becomes the Contract Owner.

A distribution of the Contract Value will be made in accordance with tax rules and as described in *Appendix B: Contract Types and Tax Information.* A CDSC may apply.

**Death of Annuitant** 

If the Annuitant who is not a Contract Owner dies before the Annuitization Date, the Contingent Annuitant becomes the Annuitant and no death benefit is payable. If no Contingent Annuitant is named, a death benefit is payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries survive the Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries or contingent beneficiaries survive the Annuitant, the Contract Owner or the last surviving Contract Owner's estate will receive the death benefit.

If the Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selected annuity payment option.

If the Contract Owner is a Charitable Remainder Trust and the Annuitant dies before the Annuitization Date, the death benefit will accrue to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust's right to the death benefit will be void.

**Death of Contract Owner/Annuitant** 

If a Contract Owner (including a joint owner) who is also the Annuitant dies before the Annuitization Date, a death benefit is payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries survive the Contract Owner/Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share the death benefit equally unless otherwise specified. If no contingent beneficiaries survive the Contract Owner/Annuitant, the last surviving Contract Owner's estate will receive the death benefit.

If the Contract Owner/Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selected annuity payment option.

**Death Benefit Payment** 

The recipient of the death benefit may elect to receive the death benefit:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) in a lump sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) as an annuity (see *Annuity Payment Options*); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) in any other manner permitted by law and approved by Nationwide.

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Premium taxes may be deducted from death benefit proceeds. Nationwide will pay (or will begin to pay) the death benefit after it receives proof of death and the instructions as to the payment of the death benefit. Death benefit claims must be submitted to the Service Center. If the recipient of the death benefit does not elect the form in which to receive the death benefit payment, Nationwide will pay the death benefit in a lump sum. Contract Value will continue to be allocated according to the most recent allocation instructions until the death benefit is paid.

If the contract has multiple beneficiaries entitled to receive a portion of the death benefit, the Contract Value will continue to be allocated according to the most recent allocation instructions until the first beneficiary provides Nationwide with all the information necessary to pay that beneficiary's portion of the death benefit proceeds. At the time the first beneficiary's proceeds are paid, the remaining portion(s) of the death benefit proceeds that are allocated to Sub-Accounts will be reallocated to the available money market Sub-Account until instructions are received from the remaining beneficiary(ies).

Any Contract Value not allocated to the Sub-Accounts will remain invested and will not be reallocated to the available money market Sub-Account.

**Death Benefit Calculations**

The value of each component of the death benefit calculation will be determined as of the date Nationwide receives:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) proper proof of the Annuitant's death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) an election specifying the distribution method; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) any state required form(s).

An applicant may elect either the standard death benefit (Five-Year Reset Death Benefit) or an available death benefit option that is offered under the contract for an additional charge. If no election is made at the time of application, the death benefit will be the standard death benefit.

**Annuity Commencement Date** 

The Annuity Commencement Date is the date on which annuity payments are scheduled to begin. Generally, the Contract Owner designates the Annuity Commencement Date at the time of application. If no Annuity Commencement Date is designated at the time of application, Nationwide will establish the Annuity Commencement Date as the date the Annuitant reaches age 90. The Contract Owner may initiate a change to the Annuity Commencement Date at any time. Additionally, Nationwide will notify the Contract Owner approximately 90 days before the impending Annuity Commencement Date of the opportunity to change the Annuity Commencement Date or annuitize the contract.

Any request to change the Annuity Commencement Date must meet the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the request is made prior to annuitization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the requested date is at least two years after the date of issue;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the requested date is not later than the Annuitant's 90th birthday (or the 90th birthday of the oldest Annuitant if there are joint Annuitants) unless approved by Nationwide; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the request for change is made in writing, submitted in good order to the Service Center, and approved by Nationwide.

Generally, Nationwide will not initiate annuitization until specifically directed to do so. However, for Non-Qualified Contracts only, Nationwide will automatically initiate annuitization within 45 days after the Annuity Commencement Date (whether default or otherwise), unless (1) Nationwide has had direct contact with the Contract Owner (indicating that the contract is not abandoned); or (2) the Contract Owner has taken some type of action which is inconsistent with the desire to annuitize.

**Annuitizing the Contract**

**Annuitization Date** 

The Annuitization Date is the date that annuity payments begin.

Any optional death benefit that the Contract Owner elects will automatically terminate upon annuitization.

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The Annuitization Date will be the first day of a calendar month unless otherwise agreed. Unless otherwise required by state law, the Annuitization Date must be at least two years after the contract is issued, but may not be later than either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the age (or date) specified in the contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the age (or date) specified by state law, where applicable.

The Internal Revenue Code may require that distributions be made prior to the Annuitization Date (see *Appendix B: Contract Types and Tax Information*).

On the Annuitization Date, the Annuitant becomes the Contract Owner unless the Contract Owner is a Charitable Remainder Trust.

If the contract is issued to fund a Tax Sheltered Annuity, annuitization may occur during the first two Contract Years subject to Nationwide's approval.

**Annuitization** 

Annuitization is the period during which annuity payments are received. It is irrevocable once payments have begun. Upon arrival of the Annuitization Date, the Contract Owner must choose:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) an annuity payment option; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) either a fixed payment annuity, variable payment annuity, or an available combination.

A variable payment annuity may not be elected when exercising a Guaranteed Minimum Income Benefit option.

On the Annuitization Date, the Contract Value, less any premium tax, will be applied under the annuity payment option(s) selected by the Contract Owner. Annuity purchase rates are used to determine the amount of the annuity payments based upon the annuity payment option elected. Actual purchase rates used to determine annuity payments will be those in effect on the Annuitization Date, and will not be less than the guaranteed minimum purchase rates as provided in the contract.

Nationwide guarantees that each payment under a fixed payment annuity will be the same throughout annuitization. Under a variable payment annuity, the amount of each payment will vary with the performance of the Sub-Accounts elected.

Any allocations in the Fixed Account that are to be annuitized as a variable payment annuity must be transferred to one or more Sub-Accounts prior to the Annuitization Date. There are no restrictions on Fixed Account transfers made in anticipation of annuitization.

Any allocations in the Sub-Accounts that are to be annuitized as a fixed payment annuity must be transferred to the Fixed Account prior to the Annuitization Date.

Guaranteed Term Options are not available during annuitization. Any Guaranteed Term Option allocations must be transferred out of the Guaranteed Term Options prior to the Annuitization Date. A market value adjustment may apply.

**Fixed Annuity Payments** 

Fixed annuity payments provide for level annuity payments. The fixed annuity payments will remain level unless the annuity payment option provides otherwise.

**Variable Annuity Payments** 

Variable annuity payments will vary depending on the performance of the Sub-Accounts selected. The Sub-Accounts available during annuitization are those Sub-Accounts corresponding to the underlying mutual funds shown in *Appendix A: Investment Options Available Under the Contract*. Nationwide uses an assumed investment return factor of 3.5%. An assumed investment return is the net investment return required to maintain level variable annuity payments. To the extent that investment performance is not equal to 3.5% for given payment periods, the amount of the payments in those periods will not be the same. Payments will increase from one payment date to the next if the annualized net rate of return is greater than 3.5% during that time. Conversely, payments will decrease from one payment to the next if the annualized net rate of return is less than 3.5% during that time.

**Frequency and Amount of Annuity Payments** 

Annuity payments are based on the annuity payment option elected.

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If the net amount to be annuitized is less than $5,000, Nationwide reserves the right to pay this amount in a lump sum instead of periodic annuity payments.

Annuity payments are made at any frequency approved by Nationwide. Nationwide reserves the right to change the frequency of payments if the amount of any payment becomes less than $100. The payment frequency will be changed to an interval that will result in payments of at least $100. Nationwide will send annuity payments no later than seven days after each annuity payment date.

**Annuity Payment Options** 

The Annuitant must elect an annuity payment option before the Annuitization Date. If the Annuitant does not elect an annuity payment option by that date, a variable payment Single Life with a 20 Year Term Certain annuity payment option will be assumed as the automatic form of payment upon annuitization. Once elected or assumed, the annuity payment option may not be changed.

Not all of the annuity payment options may be available in all states. Additionally, the annuity payment options available may be limited based on the Annuitant's age (and the joint Annuitant's age, if applicable) or requirements under the Internal Revenue Code.

**Annuity Payment Options Available to All Contracts**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Standard Joint and Survivor; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life with a 10 or 20 Year Term Certain.

Each of the annuity payment options is discussed more thoroughly below.

***Single Life*** 

The Single Life annuity payment option provides for annuity payments to be paid during the lifetime of the Annuitant. This option is not available if the Annuitant is 86 or older on the Annuitization Date.

Payments will cease with the last payment before the Annuitant's death. For example, if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one payment. The Annuitant will only receive two annuity payments if he or she dies before the third payment date, and so on. No death benefit will be paid.

No withdrawals other than the scheduled annuity payments are permitted.

***Standard Joint and Survivor*** 

The Standard Joint and Survivor annuity payment option provides for annuity payments to continue during the joint lifetimes of the Annuitant and joint Annuitant. After the death of either the Annuitant or joint Annuitant, payments will continue for the life of the survivor. This option is not available if the Annuitant or joint Annuitant is 86 or older on the Annuitization Date.

Payments will cease with the last payment due prior to the death of the last survivor of the Annuitant and joint Annuitant. As is the case of the Single Life annuity payment option, there is no guaranteed number of payments. Therefore, it is possible that if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one annuity payment. No death benefit will be paid.

No withdrawals other than the scheduled annuity payments are permitted.

***Single Life with a 10 or 20 Year Term Certain*** 

The Single Life with a 10 or 20 Year Term Certain annuity payment option provides that monthly annuity payments will be paid during the Annuitant's lifetime or for the term selected, whichever is longer. The term may be either 10 or 20 years.

If the Annuitant dies before the end of the 10 or 20 year term, payments will be paid to the beneficiary for the remainder of the term.

No withdrawals other than the scheduled annuity payments are permitted.

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***Any Other Option*** 

Annuity payment options not set forth in this provision may be available. Any annuity payment option not set forth in this provision must be approved by Nationwide.

**Statements and Reports** 

Nationwide's default delivery method is U.S. mail and Nationwide will deliver required documents by U.S. mail unless other delivery methods (e.g. electronic delivery) are permitted by law or regulation. Therefore, Contract Owners should promptly notify the Service Center of any address change.

Nationwide will mail to Contract Owners:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• statements showing the contract's quarterly activity; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• confirmation statements showing transactions that affect the contract's value. Confirmation statements will not be sent for recurring transactions (*i.e.*, Dollar Cost Averaging or salary reduction programs). Instead, confirmation of recurring transactions will appear in the contract's quarterly statements.

Contract Owners can receive information from Nationwide faster and reduce the amount of mail received by signing up for Nationwide's eDelivery program. Nationwide will notify Contract Owners by email when important documents (statements, prospectuses, and other documents) are ready for a Contract Owner to view, print, or download from Nationwide's secure server. To choose this option, go to: www.nationwide.com.

Contract Owners should review statements and confirmations carefully. All errors or corrections must be reported to Nationwide immediately to assure proper crediting to the contract. Unless Nationwide is notified within 30 days of receipt of the statement, Nationwide will assume statements and confirmation statements are correct.

**IMPORTANT NOTICE REGARDING DELIVERY OF SECURITY OWNER DOCUMENTS** 

When multiple copies of the same disclosure document(s), such as prospectuses, supplements, proxy statements, and semi-annual and annual reports are required to be mailed to multiple Contract Owners in the same household, Nationwide will mail only one copy of each document, unless notified otherwise by the Contract Owner(s). Household delivery will continue for the life of the contracts.

A Contract Owner can revoke their consent to household delivery and reinstitute individual delivery by contacting the Service Center. Nationwide will reinstitute individual delivery within 30 days after receiving such notification.

**Legal Proceedings** 

**Nationwide Life Insurance Company** 

Nationwide Financial Services, Inc. (NFS, or collectively with its subsidiaries, the "Company") was formed in November 1996. NFS is the holding company for Nationwide Life Insurance Company (NLIC), Nationwide Life and Annuity Insurance Company (NLAIC) and other companies that comprise the life insurance and retirement savings operations of the Nationwide group of companies (Nationwide). This group includes Nationwide Financial Network (NFN), an affiliated distribution network that markets directly to its customer base. NFS is incorporated in Delaware and maintains its principal executive offices in Columbus, Ohio.

The Company is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope, and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company's financial condition.

The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency, and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.

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**Nationwide Investment Services Corporation** 

The general distributor, NISC (the "Company"), is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company's financial condition.

The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency and state securities divisions. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.

**Financial Statements** 

Financial statements for the Variable Account and financial statements and schedules of Nationwide are located in the Statement of Additional Information. A current Statement of Additional Information may be obtained, without charge, by contacting the Service Center, or can be found online at https://nationwide.onlineprospectus.net/NW/C000024720NW/index.php?ctype=product_sai.

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**Appendix A: Investment Options Available Under the Contract** 

**Underlying Mutual Funds** 

The following is a list of underlying mutual funds available under the contract. More information about the underlying mutual funds is available in the prospectuses for the underlying mutual funds, which may be amended from time to time and can be found online at https://nationwide.onlineprospectus.net/NW/C000024720NW/index.php. This information can also be obtained at no cost by calling 1-800-848-6331 or by sending an email request to FLSS@nationwide.com. Depending on the optional benefits chosen, access to certain underlying mutual funds may be limited. The availability of investment options may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations*).

The current expenses and performance information below reflects fees and expenses of the underlying mutual funds, but do not reflect the other fees and expenses that the contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each underlying mutual fund's past performance is not necessarily an indication of future performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **AllianceBernstein Variable Products Series Fund, Inc. - AB** <br> **VPS Discovery Value Portfolio: Class B**<br> Investment Advisor: AllianceBernstein L.P.<br>| 1.07% | 2.64% | 8.48% | 8.27% |
| Equity | &nbsp;&nbsp; **AllianceBernstein Variable Products Series Fund, Inc. - AB** <br> **VPS International Value Portfolio: Class B**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2020<br> Investment Advisor: AllianceBernstein L.P.<br>| 1.15%\* | 41.27% | 10.19% | 6.37% |
| Equity | &nbsp;&nbsp; **AllianceBernstein Variable Products Series Fund, Inc. - AB** <br> **VPS Large Cap Growth Portfolio: Class B**<br> Investment Advisor: AllianceBernstein L.P.<br>| 0.90% | 12.85% | 11.76% | 15.88% |
| Equity | &nbsp;&nbsp; **AllianceBernstein Variable Products Series Fund, Inc. - AB** <br> **VPS Relative Value Portfolio: Class A**<br> Investment Advisor: AllianceBernstein L.P.<br>| 0.59%\* | 10.47% | 11.42% | 10.57% |
| Allocation | &nbsp;&nbsp; **American Funds Insurance Series® - American Funds®** <br> **Global Balanced Fund: Class 4**<br> Investment Advisor: Capital Research and Management Company<br>| 1.01%\* | 16.96% | 5.85% | 7.43% |
| Fixed Income | &nbsp;&nbsp; **American Funds Insurance Series® - American High-Income** <br> **Trust: Class 4**<br> Investment Advisor: Capital Research and Management Company<br>| 0.83%\* | 7.94% | 5.33% | 6.68% |
| Allocation | &nbsp;&nbsp; **American Funds Insurance Series® - Capital Income** <br> **Builder®: Class 4**<br> Investment Advisor: Capital Research and Management Company<br>| 0.78%\* | 20.16% | 8.82% | 7.32% |
| Equity | &nbsp;&nbsp; **American Funds Insurance Series® - Global Small** <br> **Capitalization Fund: Class 4**<br> Investment Advisor: Capital Research and Management Company<br>| 1.15%\* | 14.33% | 0.23% | 6.96% |
| Equity | &nbsp;&nbsp; **American Funds Insurance Series® - New World Fund®:** <br> **Class 4**<br> Investment Advisor: Capital Research and Management Company<br>| 1.07%\* | 27.93% | 5.06% | 8.98% |
| Fixed Income | &nbsp;&nbsp; **American Funds Insurance Series® - U.S. Government** <br> **Securities Fund: Class 2**<br> Investment Advisor: Capital Research and Management Company<br>| 0.50%\* | 7.75% | -0.23% | 1.70% |
| Equity | &nbsp;&nbsp; **American Funds Insurance Series® - Washington Mutual** <br> **Investors Fund: Class 4**<br> Investment Advisor: Capital Research and Management Company<br>| 0.75%\* | 16.90% | 13.60% | 12.08% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Fixed Income | &nbsp;&nbsp; **BlackRock Variable Series Funds II, Inc. - BlackRock High** <br> **Yield V.I. Fund: Class III**<br> Investment Advisor: BlackRock Advisors, LLC<br> Investment Sub-Advisor: BlackRock International Limited<br>| 0.78%\* | 8.52% | 4.47% | 6.02% |
| Fixed Income | &nbsp;&nbsp; **BlackRock Variable Series Funds II, Inc. - BlackRock Total** <br> **Return V.I. Fund: Class III**<br> Investment Advisor: BlackRock Advisors, LLC<br> Investment Sub-Advisor: BlackRock International Limited and <br> BlackRock (Singapore) Limited<br>| 0.74%\* | 7.14% | -0.75% | 1.82% |
| Allocation | &nbsp;&nbsp; **BlackRock Variable Series Funds, Inc. - BlackRock 60/40** <br> **Target Allocation ETF V.I. Fund: Class III**<br> Investment Advisor: BlackRock Advisors, LLC<br>| 0.58%\* | 15.37% | 7.05% | 8.45% |
| Equity | &nbsp;&nbsp; **BlackRock Variable Series Funds, Inc. - BlackRock Equity** <br> **Dividend V.I. Fund: Class III**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2017<br> Investment Advisor: BlackRock Advisors, LLC<br>| 0.93%\* | 21.32% | 11.45% | 11.01% |
| Allocation | &nbsp;&nbsp; **BlackRock Variable Series Funds, Inc. - BlackRock Global** <br> **Allocation V.I. Fund: Class III**<br> Investment Advisor: BlackRock Advisors, LLC<br> Investment Sub-Advisor: BlackRock International Limited and <br> BlackRock (Singapore) Limited<br>| 1.01%\* | 19.51% | 5.51% | 7.33% |
| Equity | &nbsp;&nbsp; **BNY Mellon Investment Portfolios - MidCap Stock Portfolio:** <br> **Service Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2021<br> Investment Advisor: BNY Mellon Investment Adviser, Inc.<br> Sub-Advisor: Newton Investment Management North America, <br> LLC<br>| 1.05%\* | 9.81% | 9.39% | 8.51% |
| Equity | &nbsp;&nbsp; **BNY Mellon Investment Portfolios - Small Cap Stock Index** <br> **Portfolio: Service Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2013<br> Investment Advisor: BNY Mellon Investment Adviser, Inc.<br>| 0.61% | 5.36% | 6.65% | 9.15% |
| Equity | &nbsp;&nbsp; **BNY Mellon Stock Index Fund, Inc.: Initial Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2013<br> Investment Advisor: BNY Mellon Investment Adviser, Inc.<br> Sub-Advisor: Mellon Investments Corporation<br>| 0.27% | 17.53% | 14.12% | 14.52% |
| Allocation | &nbsp;&nbsp; **Calvert Variable Series, Inc. - Calvert VP SRI Balanced** <br> **Portfolio: Class F**<br> Investment Advisor: Calvert Research and Management<br>| 0.90% | 11.68% | 8.44% | 9.51% |
| Equity | &nbsp;&nbsp; **Calvert Variable Trust, Inc. - CVT Nasdaq 100 Index Portfolio:** <br> **Class F**<br> Investment Advisor: Calvert Research and Management<br> Investment Sub-Advisor: Ameritas Investment Partners, Inc.<br>| 0.74%\* | 20.10% | 14.46% | 18.80% |
| Equity | &nbsp;&nbsp; **Columbia Funds Variable Insurance Trust - Columbia** <br> **Variable Portfolio - Small Cap Value Discovery Fund: Class 2** <br> **(formerly, Columbia Funds Variable Series Trust - Columbia** <br> **Variable Portfolio - Small Cap Value Discovery Fund: Class 2)**<br> Investment Advisor: Columbia Management Investment Advisors, <br> LLC<br>| 1.13%\* | 14.66% | 12.19% | 11.20% |
| Equity | &nbsp;&nbsp; **Columbia Funds Variable Insurance Trust - Columbia** <br> **Variable Portfolio - Small Company Growth Fund: Class 2** <br> **(formerly, Columbia Funds Variable Series Trust - Columbia** <br> **Variable Portfolio - Small Company Growth Fund: Class 2)**<br> Investment Advisor: Columbia Management Investment Advisors, <br> LLC<br>| 1.12%\* | 21.29% | 3.32% | 14.89% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Real Assets | &nbsp;&nbsp; **Columbia Funds Variable Series Trust II - Columbia Variable** <br> **Portfolio - Commodity Strategy Fund: Class 2**<br> Investment Advisor: Columbia Management Investment Advisors, <br> LLC<br>| 1.00%\* | 15.30% | 12.44% | 6.46% |
| Fixed Income | &nbsp;&nbsp; **Columbia Funds Variable Series Trust II - Columbia Variable** <br> **Portfolio - High Yield Bond Fund: Class 2**<br> Investment Advisor: Columbia Management Investment Advisors, <br> LLC<br>| 0.89%\* | 8.49% | 3.93% | 5.51% |
| Fixed Income | &nbsp;&nbsp; **Columbia Funds Variable Series Trust II - Columbia Variable** <br> **Portfolio - Select Corporate Income Fund: Class 2**<br> Investment Advisor: Columbia Management Investment Advisors, <br> LLC<br>| 0.72%\* | 7.55% | 1.20% | 1.94% |
| Equity | &nbsp;&nbsp; **Columbia Funds Variable Series Trust II - Columbia Variable** <br> **Portfolio - Select Mid Cap Growth Fund: Class 2**<br> Investment Advisor: Columbia Management Investment Advisors, <br> LLC<br>| 1.07%\* | 14.86% | 7.26% | 11.89% |
| Fixed Income | &nbsp;&nbsp; **Columbia Funds Variable Series Trust II - Columbia Variable** <br> **Portfolio - Select Short Corporate Income Fund: Class 2**<br> Investment Advisor: Columbia Management Investment Advisors, <br> LLC<br>| 0.66%\* | 6.00% | 1.90% | 2.94% |
| Equity | &nbsp;&nbsp; **Columbia Funds Variable Series Trust II - Columbia Variable** <br> **Portfolio - Seligman Global Technology: Class 2 (formerly,** <br> **Columbia Funds Variable Insurance Trust II - Columbia** <br> **Variable Portfolio - Seligman Global Technology: Class 2)**<br> Investment Advisor: Columbia Management Investment Advisors, <br> LLC<br>| 1.18%\* | 34.37% | 18.42% | 22.70% |
| Equity | &nbsp;&nbsp; **Delaware VIP Trust - Nomura VIP Small Cap Value Series:** <br> **Service Class**<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 1.04% | 7.83% | 8.93% | 8.84% |
| Alternative Strategies | &nbsp;&nbsp; **Deutsche DWS Variable Series II - DWS Alternative Asset** <br> **Allocation VIP: Class B**<br> Investment Advisor: DWS Investment Management Americas, Inc.<br> Investment Sub-Advisor: RREEF America L.L.C.<br>| 1.26% | 10.03% | 4.88% | 4.52% |
| Fixed Income | &nbsp;&nbsp; **Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate** <br> **Income Fund: Initial Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2023<br> Investment Advisor: Eaton Vance Management<br>| 1.19% | 3.95% | 4.64% | 4.43% |
| Fixed Income | &nbsp;&nbsp; **Federated Hermes Insurance Series - Federated Hermes** <br> **Quality Bond Fund II: Primary Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2008<br> Investment Advisor: Federated Investment Management Company<br>| 0.74%\* | 7.08% | 1.10% | 2.99% |
| Allocation | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - Fidelity VIP** <br> **Freedom Fund 2010 Portfolio: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2023<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br>| 0.48% | 10.44% | 3.04% | 5.62% |
| Allocation | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - Fidelity VIP** <br> **Freedom Fund 2020 Portfolio: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2023<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br>| 0.54% | 13.18% | 4.73% | 7.27% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Allocation | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - Fidelity VIP** <br> **Freedom Fund 2030 Portfolio: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2023<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br>| 0.59% | 15.33% | 6.13% | 8.77% |
| Allocation | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Balanced** <br> **Portfolio: Service Class 2**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.66% | 14.96% | 9.24% | 10.84% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Contrafund®** <br> **Portfolio: Service Class 2**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.79% | 21.19% | 15.08% | 15.49% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Energy** <br> **Portfolio: Service Class 2**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.85% | 10.34% | 23.86% | 7.69% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Equity-**<br> **Income Portfolio: Service Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.56% | 18.92% | 12.41% | 11.49% |
| Fixed Income | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Floating Rate** <br> **High Income Portfolio: Initial Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.73% | 5.33% | 6.06% | 5.44% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Growth &** <br> **Income Portfolio: Service Class 2**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.72% | 21.21% | 15.83% | 13.56% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Growth** <br> **Portfolio: Service Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.65% | 14.78% | 13.58% | 17.33% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Fixed Income | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP High Income** <br> **Portfolio: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2016<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity <br> Management & Research (Hong Kong) Limited, Fidelity <br> Management & Research (Japan) Limited<br>| 0.91%\* | 10.32% | 4.14% | 5.49% |
| Fixed Income | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Investment** <br> **Grade Bond Portfolio: Service Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.47% | 7.14% | -0.06% | 2.61% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Mid Cap** <br> **Portfolio: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2017<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity <br> Management & Research (Hong Kong) Limited, Fidelity <br> Management & Research (Japan) Limited<br>| 0.65% | 11.66% | 10.00% | 10.48% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Overseas** <br> **Portfolio: Service Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FIL Investment Advisors, FIL Investment <br> Advisors (UK) Limited, FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.82% | 20.28% | 6.51% | 7.82% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Real Estate** <br> **Portfolio: Service Class 2**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2023<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity <br> Management & Research (Hong Kong) Limited, Fidelity <br> Management & Research (Japan) Limited<br>| 0.85% | 2.90% | 3.98% | 3.61% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Value** <br> **Portfolio: Service Class 2**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.70% | 10.95% | 12.82% | 10.96% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Value** <br> **Strategies Portfolio: Service Class 2**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.84% | 7.70% | 11.87% | 10.54% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Value** <br> **Strategies Portfolio: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2006<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity <br> Management & Research (Hong Kong) Limited, Fidelity <br> Management & Research (Japan) Limited<br>| 0.69% | 7.91% | 12.02% | 10.71% |
| Allocation | &nbsp;&nbsp; **Franklin Templeton Variable Insurance Products Trust -** <br> **Franklin Allocation VIP Fund: Class 2**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2021<br> Investment Advisor: Franklin Advisers, Inc.<br> Sub-Advisor: Brandywine Global Investment Management, LLC <br> (Brandywine); ClearBridge Investments, LLC (ClearBridge); <br> Franklin Templeton Institutional, LLC (FT Institutional); Templeton <br> Global Advisors Limited (Global Advisors)<br>| 0.82%\* | 12.60% | 5.73% | 7.32% |
| Allocation | &nbsp;&nbsp; **Franklin Templeton Variable Insurance Products Trust -** <br> **Franklin Income VIP Fund: Class 2**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2022<br> Investment Advisor: Franklin Advisers, Inc.<br>| 0.72% | 12.56% | 7.66% | 7.30% |
| Equity | &nbsp;&nbsp; **Franklin Templeton Variable Insurance Products Trust -** <br> **Franklin Small Cap Value VIP Fund: Class 2**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2013<br> Investment Advisor: Franklin Mutual Advisers, LLC<br>| 0.91%\* | 7.65% | 8.86% | 9.81% |
| Equity | &nbsp;&nbsp; **Franklin Templeton Variable Insurance Products Trust -** <br> **Templeton Foreign VIP Fund: Class 2**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before April 30, 2014<br> Investment Advisor: Templeton Investment Counsel, LLC<br>| 1.08%\* | 29.19% | 8.25% | 5.75% |
| Fixed Income | &nbsp;&nbsp; **Franklin Templeton Variable Insurance Products Trust -** <br> **Templeton Global Bond VIP Fund: Class 2**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2019<br> Investment Advisor: Franklin Advisers, Inc.<br>| 0.75%\* | 15.73% | -0.96% | -0.15% |
| Equity | &nbsp;&nbsp; **Goldman Sachs Variable Insurance Trust - Goldman Sachs** <br> **Mid Cap Growth Fund: Service Shares**<br> Investment Advisor: Goldman Sachs Asset Management, L.P.<br>| 0.98%\* | 7.36% | 4.68% | 11.59% |
| Allocation | &nbsp;&nbsp; **Goldman Sachs Variable Insurance Trust - Goldman Sachs** <br> **Trend Driven Allocation Fund: Service Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2018<br> Investment Advisor: Goldman Sachs Asset Management, L.P.<br>| 0.96%\* | 9.89% | 5.92% | 5.78% |
| Equity | &nbsp;&nbsp; **Invesco - Invesco V.I. Discovery Mid Cap Growth Fund:** <br> **Series I**<br> Investment Advisor: Invesco Advisers, Inc.<br>| 0.86% | 4.79% | 3.90% | 11.38% |
| Equity | &nbsp;&nbsp; **Invesco - Invesco V.I. Discovery Mid Cap Growth Fund:** <br> **Series II**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective May 1, 2026<br> Investment Advisor: Invesco Advisers, Inc.<br>| 1.11% | 4.53% | 3.64% | 11.10% |
| Equity | &nbsp;&nbsp; **Invesco - Invesco V.I. Global Fund: Series I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2023<br> Investment Advisor: Invesco Advisers, Inc.<br>| 0.81% | 15.32% | 7.28% | 11.00% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Fixed Income | &nbsp;&nbsp; **Invesco - Invesco V.I. Global Strategic Income Fund: Series I**<br> Investment Advisor: Invesco Advisers, Inc.<br>| 0.95%\* | 12.98% | 1.65% | 3.01% |
| Equity | &nbsp;&nbsp; **Invesco - Invesco V.I. Main Street Mid Cap Fund: Series II** <br> **Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2015<br> Investment Advisor: Invesco Advisers, Inc.<br>| 1.19% | 8.97% | 8.83% | 9.08% |
| Equity | &nbsp;&nbsp; **Invesco - Invesco V.I. Main Street Small Cap Fund: Series I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2023<br> Investment Advisor: Invesco Advisers, Inc.<br>| 0.84% | 8.70% | 8.34% | 10.59% |
| Equity | &nbsp;&nbsp; **Invesco V.I. International Growth Fund: Series II**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2023<br> Investment Advisor: Invesco Advisers, Inc.<br>| 1.25%\* | 15.53% | 1.88% | 5.34% |
| Allocation | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP Asset Strategy** <br> **Series: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2017<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br> Sub-Advisor: Macquarie Investment Management Global Limited<br>| 0.77%\* | 16.66% | 7.07% | 7.84% |
| Fixed Income | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP High Income** <br> **Series: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2017<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 0.97% | 7.17% | 3.73% | 5.56% |
| Equity | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP Mid Cap** <br> **Growth Series: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 1.10%\* | 1.18% | -0.08% | 10.66% |
| Allocation | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Balanced Portfolio:** <br> **Service Shares**<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 0.87% | 14.82% | 8.21% | 9.86% |
| Equity | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Enterprise Portfolio:** <br> **Service Shares**<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 0.97% | 7.41% | 7.35% | 12.51% |
| Fixed Income | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Flexible Bond** <br> **Portfolio: Service Shares**<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 0.82%\* | 7.22% | -0.47% | 2.07% |
| Equity | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Global Research** <br> **Portfolio: Service Shares**<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 1.07% | 20.60% | 12.23% | 12.64% |
| Equity | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Global Sustainable** <br> **Equity Portfolio: Institutional Shares**<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 0.74%\* | 17.46% |  |  |
| Equity | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Global Technology** <br> **and Innovation Portfolio: Service Shares**<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 0.97% | 24.84% | 13.44% | 21.18% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Overseas Portfolio:** <br> **Service Shares**<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 0.96% | 28.58% | 9.17% | 8.97% |
| Equity | &nbsp;&nbsp; **Lazard Retirement Series, Inc. - Lazard Retirement Emerging** <br> **Markets Equity Portfolio: Service Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2021<br> Investment Advisor: Lazard Asset Management LLC<br>| 1.38%\* | 41.77% | 10.76% | 9.35% |
| Equity | &nbsp;&nbsp; **Legg Mason Partners Variable Equity Trust - ClearBridge** <br> **Variable Small Cap Growth Portfolio: Class II**<br> Investment Advisor: Franklin Templeton Fund Adviser, LLC<br> Investment Sub-Advisor: ClearBridge Investments, LLC<br>| 1.06% | 8.97% | -0.42% | 9.11% |
| Equity | &nbsp;&nbsp; **Lincoln Variable Insurance Products Trust - LVIP American** <br> **Century Mid Cap Value Fund: Standard Class II**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before April 26, 2024<br> Investment Advisor: Lincoln Financial Investments Corporation<br> Sub-Advisor: American Century Investment Management, Inc.<br>| 0.86%\* | 8.99% | 8.89% | 9.12% |
| Equity | &nbsp;&nbsp; **Lincoln Variable Insurance Products Trust - LVIP American** <br> **Century Value Fund: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before April 26, 2024<br> Investment Advisor: Lincoln Financial Investments Corporation<br> Sub-Advisor: American Century Investment Management, Inc.<br>| 0.86%\* | 15.85% | 11.47% | 10.07% |
| Equity | &nbsp;&nbsp; **Lincoln Variable Insurance Products Trust - LVIP JPMorgan** <br> **Mid Cap Value Fund: Standard Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before April 28, 2023<br> Investment Advisor: Lincoln Financial Investments Corporation<br> Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.74% | 4.72% | 9.63% | 8.77% |
| Fixed Income | &nbsp;&nbsp; **Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class** <br> **VC**<br> Investment Advisor: Lord, Abbett & Co. LLC<br>| 0.71% | 7.19% | 0.07% | 2.28% |
| Equity | &nbsp;&nbsp; **MFS® Variable Insurance Trust - MFS New Discovery Series:** <br> **Service Class**<br> Investment Advisor: Massachusetts Financial Services Company<br>| 1.12%\* | 12.56% | -0.54% | 10.46% |
| Equity | &nbsp;&nbsp; **MFS® Variable Insurance Trust - MFS Value Series: Service** <br> **Class**<br> Investment Advisor: Massachusetts Financial Services Company<br>| 0.94%\* | 12.77% | 9.69% | 9.77% |
| Equity | &nbsp;&nbsp; **MFS® Variable Insurance Trust II - MFS International Growth** <br> **Portfolio: Service Class**<br> Investment Advisor: Massachusetts Financial Services Company<br>| 1.13%\* | 20.81% | 6.80% | 9.60% |
| Equity | &nbsp;&nbsp; **MFS® Variable Insurance Trust II - MFS International Intrinsic** <br> **Equity Portfolio: Service Class (formerly, MFS® Variable** <br> **Insurance Trust II - MFS International Intrinsic Value** <br> **Portfolio: Service Class)**<br> Investment Advisor: Massachusetts Financial Services Company<br>| 1.14%\* | 32.96% | 7.02% | 9.68% |
| Fixed Income | &nbsp;&nbsp; **MFS® Variable Insurance Trust III - MFS Limited Maturity** <br> **Portfolio: Service Class**<br> Investment Advisor: Massachusetts Financial Services Company<br>| 0.73%\* | 5.49% | 2.29% | 2.44% |
| Equity | &nbsp;&nbsp; **MFS® Variable Insurance Trust III - MFS Mid Cap Value** <br> **Portfolio: Service Class**<br> Investment Advisor: Massachusetts Financial Services Company<br>| 1.04%\* | 5.75% | 9.90% | 9.69% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Fixed Income | &nbsp;&nbsp; **Morgan Stanley Variable Insurance Fund, Inc. - Emerging** <br> **Markets Debt Portfolio: Class I**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective May 1, 2004<br> Investment Advisor: Morgan Stanley Investment Management Inc.<br> Sub-Advisor: Morgan Stanley Investment Management Limited<br>| 1.10%\* | 15.33% | 2.70% | 4.51% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Allspring** <br> **Discovery Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Allspring Global Investments, LLC<br>| 0.83%\* | 5.91% | -2.09% | 9.67% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT American Funds** <br> **Asset Allocation Fund: Class II**<br> Investment Advisor: Capital Research and Management <br> Company, Nationwide Fund Advisors<br>| 0.92%\* | 15.41% | 8.56% | 9.36% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT American Funds** <br> **Bond Fund: Class II**<br> Investment Advisor: Capital Research and Management <br> Company, Nationwide Fund Advisors<br>| 0.85%\* | 6.73% | -0.54% | 1.96% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT American Funds** <br> **Global Growth Fund: Class II**<br> Investment Advisor: Capital Research and Management <br> Company, Nationwide Fund Advisors<br>| 1.04%\* | 21.21% | 7.82% | 11.73% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT American Funds** <br> **Growth Fund: Class II**<br> Investment Advisor: Capital Research and Management <br> Company, Nationwide Fund Advisors<br>| 0.97%\* | 19.78% | 12.94% | 17.52% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT American Funds** <br> **Growth-Income Fund: Class II**<br> Investment Advisor: Capital Research and Management <br> Company, Nationwide Fund Advisors<br>| 0.91%\* | 17.64% | 13.48% | 13.48% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BlackRock Equity** <br> **Dividend Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.80%\* | 21.44% | 11.53% | 11.37% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BlackRock** <br> **Managed Global Allocation Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC <br> and Nationwide Asset Management, LLC<br>| 1.15%\* | 14.84% | 4.16% | 6.06% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Blueprint®** <br> **Aggressive Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 0.99%\* | 18.45% | 10.71% | 10.40% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Blueprint®** <br> **Balanced Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 0.87%\* | 12.47% | 5.93% | 6.60% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Blueprint®** <br> **Capital Appreciation Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 0.90%\* | 14.94% | 8.14% | 8.51% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Blueprint®** <br> **Conservative Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 0.83%\* | 8.70% | 2.68% | 3.95% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Blueprint®** <br> **Managed Growth & Income Fund: Class II**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Nationwide Asset Management, LLC<br>| 0.94%\* | 9.17% | 4.84% | 5.49% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Blueprint®** <br> **Managed Growth Fund: Class II**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Nationwide Asset Management, LLC<br>| 0.93%\* | 10.02% | 6.09% | 6.83% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Blueprint®** <br> **Moderate Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Nationwide Asset Management, LLC<br>| 0.89%\* | 13.52% | 7.12% | 7.62% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Blueprint®** <br> **Moderately Aggressive Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 0.95%\* | 16.43% | 9.35% | 9.45% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Blueprint®** <br> **Moderately Conservative Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 0.87%\* | 11.10% | 4.86% | 5.78% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BNY Mellon** <br> **Dynamic U.S. Core Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Newton Investment Management Limited<br>| 0.62%\* | 17.18% | 12.58% | 14.44% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BNY Mellon** <br> **Dynamic U.S. Equity Income: Class I**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective September 11, <br> 2020<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Newton Investment Management Limited<br>| 0.76%\* | 18.63% | 14.64% | 11.72% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BNY Mellon** <br> **Dynamic U.S. Equity Income: Class X**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Newton Investment Management Limited<br>| 0.63%\* | 18.81% | 14.80% | 11.79% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BNY Mellon** <br> **Dynamic U.S. Equity Income: Class Z**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective September 11, <br> 2020<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Newton Investment Management Limited<br>| 0.88%\* | 18.55% | 14.51% | 11.51% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT DoubleLine Total** <br> **Return Tactical Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: DoubleLine Capital LP<br>| 0.98%\* | 7.31% | 0.22% |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Fidelity** <br> **Institutional AM® Emerging Markets Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: FIAM LLC<br>| 1.12%\* | 36.15% | 1.01% | 6.31% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Fidelity** <br> **Institutional AM® Worldwide Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: FIAM LLC<br>| 1.05%\* |  |  |  |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Government** <br> **Bond Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2022<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Nationwide Asset Management, LLC<br>| 0.69%\* | 7.00% | -0.62% | 1.17% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Capital Preservation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Government** <br> **Money Market Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Federated Investment Management <br> Company<br>| 0.47% | 3.91% | 2.95% | 1.85% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT GQG US Quality** <br> **Equity Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: GQG Partners LLC<br>| 0.78%\* | 2.14% | 5.52% | 8.68% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT International** <br> **Equity Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Lazard Asset Management LLC<br>| 0.88%\* | 39.29% | 12.79% | 9.94% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT International** <br> **Equity Fund: Class II**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective October 24, 2025<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Lazard Asset Management LLC<br>| 1.13%\* | 38.97% | 12.52% | 9.67% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT International** <br> **Index Fund: Class VIII**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.82%\* | 30.28% | 8.12% | 7.50% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Invesco Small** <br> **Cap Growth Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Invesco Advisers, Inc.<br>| 1.07% | 16.36% | 4.94% | 11.73% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Investor** <br> **Destinations Aggressive Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 1.02% | 19.26% | 8.48% | 9.50% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Investor** <br> **Destinations Balanced Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 0.94% | 12.97% | 4.84% | 6.03% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Investor** <br> **Destinations Capital Appreciation Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 0.90%\* | 15.70% | 6.58% | 7.85% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Investor** <br> **Destinations Conservative Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 0.92% | 8.90% | 1.96% | 3.37% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Investor** <br> **Destinations Managed Growth & Income Fund: Class II**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Nationwide Asset Management, LLC<br>| 0.92%\* | 9.42% | 4.04% | 5.06% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Investor** <br> **Destinations Managed Growth Fund: Class II**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Nationwide Asset Management, LLC<br>| 0.96%\* | 10.69% | 5.33% | 6.44% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Investor** <br> **Destinations Moderate Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 0.97% | 14.42% | 5.67% | 6.92% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Investor** <br> **Destinations Moderately Aggressive Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 1.00% | 17.38% | 7.41% | 8.61% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Investor** <br> **Destinations Moderately Conservative Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 0.93% | 11.68% | 3.78% | 5.12% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT iShares® Fixed** <br> **Income ETF Fund: Class II**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.72%\* | 6.33% | -0.96% |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT iShares® Global** <br> **Equity ETF Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.75%\* | 18.00% | 10.86% |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT J.P. Morgan** <br> **Digital Evolution Strategy Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.96%\* | 32.66% |  |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT J.P. Morgan** <br> **Equity and Options Total Return Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.79% | 16.49% | 9.85% | 11.85% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT J.P. Morgan** <br> **Inflation Managed Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.75%\* |  |  |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT J.P. Morgan** <br> **Large Cap Growth Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.79%\* | 14.12% |  |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Jacobs Levy** <br> **Large Cap Core Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2013<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Jacobs Levy Equity Management, Inc.<br>| 0.77%\* | 11.88% | 11.98% | 13.21% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Jacobs Levy** <br> **Large Cap Core Fund: Class II**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2023<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Jacobs Levy Equity Management, Inc.<br>| 0.87%\* | 11.66% | 11.86% | 13.09% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Jacobs Levy** <br> **Large Cap Growth Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Jacobs Levy Equity Management, Inc.<br>| 0.70%\* | 14.20% | 19.09% | 18.02% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Loomis Core** <br> **Bond Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Loomis, Sayles & Company, L.P.<br>| 0.58% | 6.88% | -0.77% | 2.08% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Loomis Core** <br> **Bond Fund: Class P**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective February 28, 2025<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Loomis, Sayles & Company, L.P.<br>| 0.68% | 6.79% | -0.86% | 1.98% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Loomis Short** <br> **Term Bond Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Loomis, Sayles & Company, L.P.<br>| 0.80% | 5.43% | 1.88% | 2.12% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Loomis Short** <br> **Term High Yield Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Loomis, Sayles & Company, L.P.<br>| 0.87%\* | 5.66% | 3.26% | 5.38% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Managed** <br> **American Funds Asset Allocation Fund: Class II**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Nationwide Asset Management, LLC<br>| 0.95% | 11.27% | 7.91% | 8.51% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Managed** <br> **American Funds Growth-Income Fund: Class II**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Nationwide Asset Management, LLC<br>| 1.00% | 10.66% | 11.57% | 11.40% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Mid Cap Index** <br> **Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.41% | 7.05% | 8.70% | 10.28% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Multi-Manager** <br> **Small Company Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. <br> and Invesco Advisers, Inc.<br>| 1.05%\* | 10.35% | 8.62% | 11.00% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT NASDAQ-100** <br> **Index Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.72%\* |  |  |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Putnam** <br> **International Value Fund: Class I**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective October 16, 2020<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Putnam Investment Management, LLC<br>| 0.97%\* | 34.99% | 11.04% | 7.65% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Putnam** <br> **International Value Fund: Class X**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Putnam Investment Management, LLC<br>| 0.83%\* | 35.21% | 11.20% | 7.72% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Real Estate Fund:** <br> **Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Wellington Management Company LLP<br>| 0.92%\* | 0.58% | 5.69% | 6.00% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT S&P 500 Index** <br> **Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.49%\* | 17.35% | 13.87% | 14.26% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Small Cap Index** <br> **Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.58%\* | 12.14% | 5.54% | 9.10% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Small Cap Value** <br> **Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Jacobs Levy Equity Management, Inc.<br>| 1.06%\* | 2.17% | 8.01% | 7.69% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Strategic Income** <br> **Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Amundi Asset Management, US<br>| 0.80% | 7.56% | 5.81% | 5.45% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Victory Mid Cap** <br> **Value Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Victory Capital Management Inc.<br>| 0.96%\* | 2.30% | 7.79% | 7.55% |
| Equity | &nbsp;&nbsp; **Neuberger Berman Advisers Management Trust - Mid-Cap** <br> **Growth Portfolio: Class S Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before November 6, 2015<br> Investment Advisor: Neuberger Berman Investment Advisers LLC<br>| 1.11%\* | 5.23% | 4.27% | 10.71% |
| Equity | &nbsp;&nbsp; **Neuberger Berman Advisers Management Trust - Quality** <br> **Equity Portfolio: Class I Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2008<br> Investment Advisor: Neuberger Berman Investment Advisers LLC<br>| 0.87% | 13.74% | 12.83% | 12.94% |
| Fixed Income | &nbsp;&nbsp; **Neuberger Berman Advisers Management Trust - Short** <br> **Duration Bond Portfolio: Class I Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2012<br> Investment Advisor: Neuberger Berman Investment Advisers LLC<br>| 0.93% | 5.71% | 2.56% | 2.30% |
| Equity | &nbsp;&nbsp; **New Age Alpha Variable Funds Trust - NAA Large Growth** <br> **Series**<br> Investment Advisor: New Age Alpha Advisors, LLC<br>| 1.01%\* | 17.02% | 13.89% | 17.04% |
| Equity | &nbsp;&nbsp; **New Age Alpha Variable Funds Trust - NAA World Equity** <br> **Income Series**<br> Investment Advisor: New Age Alpha Advisors, LLC<br>| 1.06%\* | 22.75% | 11.42% | 9.99% |
| Allocation | &nbsp;&nbsp; **PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor** <br> **Class**<br> Investment Advisor: PIMCO<br> Investment Sub-Advisor: Research Affiliates, LLC<br>| 2.23%\* | 14.19% | 5.49% | 6.67% |
| Fixed Income | &nbsp;&nbsp; **PIMCO Variable Insurance Trust - Emerging Markets Bond** <br> **Portfolio: Advisor Class**<br> Investment Advisor: PIMCO<br>| 1.27% | 14.86% | 2.34% | 4.96% |
| Fixed Income | &nbsp;&nbsp; **PIMCO Variable Insurance Trust - International Bond Portfolio** <br> **(U.S. Dollar-Hedged): Advisor Class**<br> Investment Advisor: PIMCO<br>| 1.19% | 3.85% | 0.93% | 2.78% |
| Fixed Income | &nbsp;&nbsp; **PIMCO Variable Insurance Trust - Low Duration Portfolio:** <br> **Advisor Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2024<br> Investment Advisor: PIMCO<br>| 0.76% | 5.42% | 1.47% | 1.69% |
| Fixed Income | &nbsp;&nbsp; **PIMCO Variable Insurance Trust - Short-Term Portfolio:** <br> **Advisor Class**<br> Investment Advisor: PIMCO<br>| 0.75% | 4.57% | 3.14% | 2.65% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Allocation | &nbsp;&nbsp; **Putnam Variable Trust - Putnam VT George Putnam Balanced** <br> **Fund: Class IB**<br> Investment Advisor: Putnam Investment Management, LLC<br> Investment Sub-Advisor: Franklin Advisers, Inc., Franklin <br> Templeton Investment Management Limited<br>| 0.88% | 13.95% | 8.85% | 10.17% |
| Equity | &nbsp;&nbsp; **Putnam Variable Trust - Putnam VT International Equity** <br> **Fund: Class IB**<br> Investment Advisor: Putnam Investment Management, LLC<br> Investment Sub-Advisor: Franklin Advisers, Inc., Franklin <br> Templeton Investment Management Limited, The Putnam <br> Advisory Company, LLC<br>| 1.06% | 37.68% | 9.28% | 8.13% |
| Equity | &nbsp;&nbsp; **Putnam Variable Trust - Putnam VT International Value Fund:** <br> **Class IB**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: Putnam Investment Management, LLC<br> Sub-Advisor: Franklin Advisers, Inc., Franklin Templeton <br> Investment Management Limited, The Putnam Advisory Company, <br> LLC<br>| 1.06% | 34.68% | 12.49% | 8.87% |
| Equity | &nbsp;&nbsp; **Putnam Variable Trust - Putnam VT Large Cap Value Fund:** <br> **Class IB**<br> Investment Advisor: Putnam Investment Management, LLC<br> Investment Sub-Advisor: Franklin Advisers, Inc., Franklin <br> Templeton Investment Management Limited<br>| 0.79% | 20.35% | 15.38% | 13.30% |
| Equity | &nbsp;&nbsp; **Putnam Variable Trust - Putnam VT Sustainable Leaders** <br> **Fund: Class IB**<br> Investment Advisor: Putnam Investment Management, LLC<br> Investment Sub-Advisor: Franklin Advisers, Inc., Franklin <br> Templeton Investment Management Limited<br>| 0.88% | 10.69% | 10.34% | 14.69% |
| Alternative Strategies | &nbsp;&nbsp; **Rydex Variable Trust - Multi-Hedge Strategies Fund**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2019<br> Investment Advisor: Guggenheim Investments<br>| 1.75%\* | 1.25% | 1.23% | 1.62% |
| Equity | &nbsp;&nbsp; **T. Rowe Price Equity Series, Inc. - T. Rowe Price Health** <br> **Sciences Portfolio: II**<br> Investment Advisor: T. Rowe Price Associates, Inc.<br>| 1.11% | 17.80% | 3.86% | 8.70% |
| Equity | &nbsp;&nbsp; **T. Rowe Price Equity Series, Inc. - T. Rowe Price Mid-Cap** <br> **Growth Portfolio: II**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: T. Rowe Price Associates, Inc.<br> Sub-Advisor: T. Rowe Price Investment Management, Inc.<br>| 1.09% | 3.29% | 3.58% | 9.54% |
| Equity | &nbsp;&nbsp; **VanEck VIP Trust - VanEck VIP Global Resources Fund:** <br> **Class S**<br> Investment Advisor: Van Eck Associates Corporation<br>| 1.32% | 36.17% | 10.24% | 8.06% |
| Equity | &nbsp;&nbsp; **VanEck VIP Trust - VanEck VIP Global Resources Fund:** <br> **Initial Class**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective May 1, 2012<br> Investment Advisor: Van Eck Associates Corporation<br>| 1.08% | 36.48% | 10.51% | 8.33% |
| Equity | &nbsp;&nbsp; **Victory Variable Insurance Funds II - Victory Pioneer Fund** <br> **VCT Portfolio: Class II**<br> Investment Advisor: Victory Capital Management, Inc.<br>| 1.00%\* | 23.08% | 14.69% | 15.47% |
| Equity | &nbsp;&nbsp; **Virtus Variable Insurance Trust - Virtus Duff & Phelps Real** <br> **Estate Securities Series: Class A**<br> Investment Advisor: Virtus Investment Advisers, Inc.<br> Investment Sub-Advisor: Duff & Phelps Investment Management <br> Co., an affiliate of VIA.<br>| 1.10%\* | 0.72% | 6.06% | 5.95% |

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\*

This underlying mutual fund's current expenses reflect a temporary fee reduction.

**Fixed Options** 

The following is a list of fixed options currently available under the contract. To the extent permitted under the contract, Nationwide may change the features of a fixed option, offer new fixed options, and terminate existing fixed options. Nationwide will provide you with written notice before doing so. Depending on the optional benefits chosen, access to a fixed option may not be permitted. See*The Fixed Account* and *Guaranteed Term Options* for additional information.

**Note: If amounts are withdrawn from a Guaranteed Term Option prior to its maturity date, Nationwide will apply a market value adjustment. This may result in a significant reduction in your Contract Value. See *Guaranteed Term Options* and *Market Value Adjustment*.** 

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| | | |
|:---|:---|:---|
| **Name** | **Interest Rate Guarantee Period** | **Minimum Guaranteed Interest Rate** |
| Fixed Account | 1 Year<sup>1</sup> | 1.50%<sup>2</sup> |
| 3-year Guaranteed Term Option<sup>3</sup> | 3 Years | 0.00% |
| 5-year Guaranteed Term Option<sup>3</sup> | 5 Years | 0.00% |
| 7-year Guaranteed Term Option<sup>3</sup> | 7 Years | 0.00% |
| 10-year Guaranteed Term Option<sup>3</sup> | 10 Years | 0.00% |

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<sup>1</sup>

The Fixed Account interest rate guarantee period begins on the date of deposit or transfer and ends on the one-year anniversary of the deposit or transfer. The interest rate guarantee period may last for up to three months beyond the one-year anniversary because guaranteed terms end on the last day of a calendar quarter. As a result, an interest rate guarantee period may last up to 15 months.

<sup>2</sup>

Contracts may be subject to a higher minimum guaranteed interest rate based on the date the contract was issued and/or state of issue.

<sup>3</sup>

Effective May 1, 2025, Guaranteed Term Options are not available to receive new allocations, transfers, or renewals.

Nationwide reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guarantee period. Nationwide will provide you with written notice before doing so.

**Income Benefit Investment Options** 

Certain optional benefits restrict how the Contract Owner can invest their Contract Value by limiting the investment options in which the Contract Owner can invest and/or requiring use of a specified asset allocation service. The investment options available under each optional living benefit are chosen by Nationwide based on each investment option's risk characteristics. The permitted investment options are more conservative than those that are not permitted. This helps Nationwide manage its obligation to provide Contract Owners with Lifetime Withdrawals by reducing the likelihood that it will have to make unanticipated payments. By electing an optional living benefit and accepting the limited menu of investment options, Contract Owners may be foregoing investment gains that could otherwise be realized by investing in riskier investment options that are not available under the optional living benefit. Only the investment options shown below are available in connection with the respective optional benefit.

**Capital Preservation Plus Option** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Relative Value Portfolio: Class B <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2004

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Service Shares <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2008

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class 2 <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2023

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class 2 <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2023

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class 2 <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2023

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2017

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2 <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2006

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series II <br>This underlying mutual fund is only available in contracts for which good order applications were received before April 30, 2020

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ivy Variable Insurance Portfolios - Nomura VIP Asset Strategy Series: Service Class <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2017

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Janus Aspen Series - Janus Henderson Balanced Portfolio: Service Shares

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2014

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lincoln Variable Insurance Products Trust - LVIP American Century Inflation Protection Fund: Service Class <br>This underlying mutual fund is only available in contracts for which good order applications were received before April 26, 2024

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lincoln Variable Insurance Products Trust - LVIP American Century Mid Cap Value Fund: Service Class <br>This underlying mutual fund is only available in contracts for which good order applications were received before April 26, 2024

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lincoln Variable Insurance Products Trust - LVIP Avantis Large Cap Value Fund: Service Class (formerly, Lincoln Variable Insurance Products Trust - LVIP American Century Disciplined Core Value Fund: Service Class) <br>This underlying mutual fund is only available in contracts for which good order applications were received before April 26, 2024

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MFS® Variable Insurance Trust - MFS Value Series: Service Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Blueprint® Aggressive Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Blueprint® Balanced Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Blueprint® Capital Appreciation Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Blueprint® Conservative Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Blueprint® Moderate Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Blueprint® Moderately Aggressive Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Blueprint® Moderately Conservative Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2022

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT J.P. Morgan Equity and Options Total Return Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Loomis Short Term Bond Fund: Class II <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2023

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Victory Mid Cap Value Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: Class I Shares <br>This underlying mutual fund is only available in contracts for which good order applications were received before

May 1, 2012

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**Appendix B: Contract Types and Tax Information**

**Types of Contracts** 

The contracts described in this prospectus are classified according to the tax treatment to which they are subject under the Internal Revenue Code (the "Code"). Following is a general description of the various contract types. Eligibility requirements, tax benefits (if any), limitations, and other features of the contracts will differ depending on contract type.

***Non-Qualified Contracts*** 

A non-qualified contract is a contract that does not qualify for certain tax benefits under the Code, such as deductibility of purchase payments, and which is not an IRA, Roth IRA, SEP IRA, Simple IRA, tax sheltered annuity, or part of a pension plan or employer-sponsored retirement program.

Upon the death of the owner of a non-qualified contract, mandatory distribution requirements are imposed to ensure distribution of the entire balance in the contract within a required period.

Non-qualified contracts that are owned by natural persons allow the deferral of taxation on the income earned in the contract until it is distributed or deemed to be distributed. Non-qualified contracts that are owned by non-natural persons, such as trusts, corporations, and partnerships are generally subject to current income tax on the income earned inside the contract, unless the non-natural person owns the contract as an agent of a natural person.

***Charitable Remainder Trusts*** 

Charitable Remainder Trusts are trusts that meet the requirements of Section 664 of the Code. An annuity that has a Charitable Remainder Trust endorsement is not a Charitable Remainder Trust; the endorsement is merely to facilitate ownership of the contract by a Charitable Remainder Trust. Non-Qualified Contracts that are issued to Charitable Remainder Trusts will differ from other Non-Qualified Contracts in three respects:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Waiver of sales charges. In addition to any sales load waivers included in the contract, Charitable Remainder Trusts may also withdraw the difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the contract value on the day before the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the total amount of purchase payments made to the contract (less an adjustment for amounts surrendered).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Contract ownership at annuitization. On the annuitization date, if the contract owner is a Charitable Remainder Trust, the Charitable Remainder Trust will continue to be the contract owner and the annuitant will NOT become the contract owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Recipient of death benefit proceeds. With respect to the death benefit proceeds, if the contract owner is a Charitable Remainder Trust, the death benefit is payable to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust's right to the death benefit will be void.

While these provisions are intended to facilitate a Charitable Remainder Trust's ownership of this contract, the rules governing Charitable Remainder Trusts are numerous and complex. A Charitable Remainder Trust that is considering purchasing this contract should seek the advice of a qualified tax and/or financial professional prior to purchasing the contract.

***Individual Retirement Annuities (IRAs)*** 

IRAs are contracts that satisfy the provisions of Section 408(b) of the Code, including the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is not transferable by the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the premiums are not fixed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the contract owner is younger than age 50, the annual premium cannot exceed $7,500; if the contract owner is age 50 or older, the annual premium cannot exceed $8,600 (although rollovers of greater amounts from Qualified Plans, Tax Sheltered Annuities, certain 457 governmental plans, and other IRAs can be received);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• certain minimum distribution requirements must be satisfied after the owner attains their "applicable age" as defined in the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the entire interest of the owner in the contract is nonforfeitable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• after the death of the owner, additional distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.

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As used herein, the term "individual retirement plans" shall refer to both individual retirement annuities and individual retirement accounts that are described in Section 408 of the Code.

For further details regarding IRAs, refer to the disclosure statement provided when the IRA was established and the annuity contract's IRA endorsement.

***Roth IRAs*** 

Roth IRA contracts are contracts that satisfy the provisions of Section 408A of the Code, including the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is not transferable by the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the premiums are not fixed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the contract owner is younger than age 50, the annual premium cannot exceed $7,500; if the contract owner is age 50 or older, the annual premium cannot exceed $8,600 (although rollovers of greater amounts from other Roth IRAs and other individual retirement plans can be received);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the entire interest of the owner in the contract is nonforfeitable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• after the death of the owner, certain distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.

For further details regarding Roth IRAs, please refer to the disclosure statement provided when the Roth IRA was established and the annuity contract's IRA endorsement.

***Simplified Employee Pension IRAs (SEP IRA)*** 

A SEP IRA is a written plan established by an employer for the benefit of employees which permits the employer to make contributions to an IRA established for the benefit of each employee.

An employee may make deductible contributions to a SEP IRA subject to the same restrictions and limitations as an IRA. In addition, the employer may make contributions to the SEP IRA, subject to dollar and percentage limitations imposed by both the Code and the written plan.

A SEP IRA plan must satisfy:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• minimum participation rules;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• top-heavy contribution rules;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• nondiscriminatory allocation rules; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• requirements regarding a written allocation formula.

In addition, the plan cannot restrict withdrawals of non-elective contributions, and must restrict withdrawals of elective contributions before March 15th of the following year.

***Simple IRAs*** 

A Simple IRA is an Individual Retirement Annuity that is funded exclusively by a qualified salary reduction arrangement and satisfies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• vesting requirements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• participation requirements; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• administrative requirements.

The funds contributed to a Simple IRA cannot be commingled with funds in other individual retirement plans or SEP IRAs.

A Simple IRA cannot receive rollover distributions except from another Simple IRA.

***Tax Sheltered Annuities*** 

Certain tax-exempt organizations (described in Section 501(c)(3) of the Code) and public school systems may establish a plan under which annuity contracts can be purchased for their employees. These annuity contracts are often referred to as Tax Sheltered Annuities.

Purchase payments made to Tax Sheltered Annuities are excludable from the income of the employee, up to statutory maximum amounts. These amounts should be set forth in the plan adopted by the employer.

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The owner's interest in the contract is nonforfeitable (except for failure to pay premiums) and cannot be transferred.

Final 403(b) Regulations issued by the Internal Revenue Service impose certain restrictions on non-taxable transfers or exchanges of one 403(b) Tax Sheltered Annuity contract for another. Nationwide will no longer issue or accept applications for new and/or in-service transfers to new or existing Nationwide individual 403(b) Tax Sheltered Annuity contracts used for salary reduction plans not subject to ERISA. Nationwide will continue to accept applications and in-service transfers for individual 403(b) Tax Sheltered Annuity contracts used for 403(b) plans that are subject to ERISA and certain state Optional Retirement Plans and/or Programs that have purchased at least one individual annuity contract issued by Nationwide prior to September 25, 2007.

Commencing in 2009, Tax Sheltered Annuities must be issued pursuant to a written plan, and the plan must satisfy various administrative requirements. Check with your employer to ensure that these requirements will be satisfied in a timely manner.

***Investment Only (Qualified Plans)*** 

Contracts that are owned by Qualified Plans are not intended to confer tax benefits on the beneficiaries of the plan; they are used as investment vehicles for the plan. The income tax consequences to the beneficiary of a Qualified Plan are controlled by the operation of the plan, not by operation of the assets in which the plan invests.

Beneficiaries of Qualified Plans should contact their employer and/or trustee of the plan to obtain and review the plan, trust, summary plan description and other documents for the tax and other consequences of being a participant in a Qualified Plan.

**Federal Tax Considerations**

***Federal Income Taxes*** 

The tax consequences of purchasing a contract described in this prospectus will depend on:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the type of contract purchased;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the purposes for which the contract is purchased; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the personal circumstances of individual investors having interests in the contracts.

Existing tax rules are subject to change and may affect individuals differently depending on their situation. Nationwide does not guarantee the tax status of any contracts or any transactions involving the contracts.

The following is a brief summary of some of the federal income tax considerations related to the types of contracts sold in connection with this prospectus. In addition to the federal income tax, distributions from annuity contracts may be subject to state and local income taxes. Nothing in this prospectus should be considered to be tax advice. Purchasers and prospective purchasers of the contract should consult a financial professional, tax advisor, or legal counsel to discuss the taxation and use of the contracts.

***IRAs, SEP IRAs, and Simple IRAs*** 

Distributions from IRAs, SEP IRAs, and Simple IRAs are generally taxed as ordinary income when received. If any of the amounts contributed to the Individual Retirement Annuity was non-deductible for federal income tax purposes, then a portion of each distribution is excludable from income.

The portion of a distribution that is excludable from income is based on the ratio of the amount by which non-deductible purchase payments exceed prior non-taxable distributions to total account balances at the time of the distribution. The owner of an IRA, SEP IRA, or Simple IRA must annually report the amount of non-deductible purchase payments, the amount of any distribution, the amount by which non-deductible purchase payments for all years exceed nontaxable distributions for all years, and the total balance of all IRAs, SEP IRAs, or Simple IRAs. Depending on the circumstance of the owner, all or a portion of the contributions (purchase payments) made to the account may be deducted for federal income tax purposes.

IRAs may receive rollover contributions from other individual retirement accounts, other individual retirement annuities, tax sheltered annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).

When the owner of an IRA attains their applicable age, the IRA owner is required to begin taking certain minimum distributions. In addition, upon the death of the owner of an IRA, the Code imposes mandatory distribution requirements to ensure distribution of the entire contract value within the required statutory period. Due to the Treasury Regulation's valuation rules, the amount used to compute the mandatory distributions may exceed the contract value.

------

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

*One-Rollover-Per-Year Limitation* 

A contract owner can receive a distribution from an IRA and roll it into another IRA within 60 days from the date of the distribution and not have the amount of the distribution included in taxable income. Only one rollover per year from a contract owner's IRA is allowed. The one-year period begins on the date the contract owner receives the IRA distribution, and not on the date the IRA was rolled over.

The one-rollover-per-year limitation applies in the aggregate to all the IRAs that a taxpayer owns. This means that a contract owner cannot make an IRA rollover distribution if, within the previous one-year period, an IRA rollover distribution was taken from any other IRAs owned by the taxpayer. Also, rollovers between an individual's Roth IRAs would prevent a separate rollover between the individual's traditional IRAs within the one-year period, and vice versa.

Direct transfers of IRA funds between IRA trustees are not subject to the one rollover per year limitation because such transfers are not considered rollover distributions. Also, a rollover from a traditional IRA to a Roth IRA (a conversion) is not subject to the one rollover per year limitation, and such a rollover is disregarded in applying the one rollover per year limitation to other rollovers.

***Roth IRAs*** 

Distributions of earnings from Roth IRAs are taxable or nontaxable depending upon whether they are "qualified distributions" or "non-qualified distributions." A "qualified distribution" is nontaxable if it is made after the Roth IRA has satisfied the five-year rule and meets one of the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is made on or after the date on which the contract owner attains age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is made to a beneficiary (or the contract owner's estate) on or after the death of the contract owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is attributable to the contract owner's disability; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is used for expenses attributable to the purchase of a home for a qualified first-time buyer.

The five-year rule is satisfied if a five taxable-year period has passed beginning with the first tax year in which a contribution is made to any Roth IRA established by the owner.

A non-qualified distribution is not includable in gross income to the extent that the distribution, when added to all previous distributions, does not exceed the total amount of contributions made to the Roth IRA. Any non-qualified distribution in excess of total contributions is includable in the contract owner's gross income as ordinary income in the year that it is distributed to the contract owner.

A Roth IRA can receive a rollover from an individual retirement plan or another eligible retirement plan; however, the amount rolled over from the individual retirement plan or other eligible retirement plan to the Roth IRA is required to be included in the owner's federal gross income at the time of the rollover and will be subject to federal income tax. However, a rollover or conversion of an amount from an IRA or eligible retirement plan cannot be recharacterized back to an IRA.

Special rules apply for Roth IRAs that have proceeds received from an individual retirement plan prior to January 1, 1999 if the owner elected the special four-year income averaging provisions that were in effect for 1998.

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

***Tax Sheltered Annuities*** 

Distributions in the form of annuity payments from Tax Sheltered Annuities are generally taxed when received. If nondeductible contributions, otherwise known as the investment in the contract, are made, then a portion of each distribution is excludable from income based on a formula established pursuant to the Code. The formula excludes from income the investment in the contract divided by the number of anticipated payments until the full investment in the contract is recovered. Thereafter all distributions are fully taxable.

A loan from a Tax Sheltered Annuity generally is not considered to be a distribution, and is therefore generally not taxable. However, if the loan is not repaid in accordance with the repayment schedule, the entire balance of the loan would be treated as being in default, and the defaulted amount would be treated as being distributed to the participant as a taxable distribution.

------

Tax Sheltered Annuities may receive rollover contributions from Individual Retirement Accounts, Individual Retirement Annuities, other Tax Sheltered Annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

***10% Additional Tax for Early Withdrawal*** 

If distributions of income from an IRA, SEP IRA, Simple IRA, Roth IRA, or Tax Sheltered Annuity are made prior to the date that the owner attains the age of 59½ years, the income is subject to an additional penalty tax of 10% unless an exception applies. (For Simple IRAs, the 10% penalty is increased to 25% if the distribution is made during the 2-year period beginning on the date that the individual first participated in the Simple IRA.) The 10% penalty tax can be avoided if the distribution is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made to a beneficiary on or after the death of the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• attributable to the owner becoming disabled (as defined in the Code);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• part of a series of substantially equal periodic payments made not less frequently than annually for the life (or life expectancy) of the owner, or the joint lives (or joint life expectancies) of the owner and his or her designated beneficiary. Substantially equal periodic payments must continue until the later of reaching age 59½ or five years from the date of the first periodic payment. Modification of payments during that time period will result in retroactive application of the 10% additional penalty tax;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made to the owner after separation from service with his or her employer after age 55 (in the case of a Tax Sheltered Annuity);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• used for qualified higher education expenses; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• used for expenses attributable to the purchase of a home for a qualified first-time buyer.

***Non-Qualified Contracts*** 

*Non-Qualified Contracts - Natural Persons as Contract Owners* 

Generally, the income earned inside a non-qualified annuity contract that is owned by a natural person is not taxable until it is distributed from the contract.

Distributions before the annuitization date are taxable to the contract owner to the extent that the cash value of the contract exceeds the investment in the contract at the time of the distribution. In general, the investment in the contract is equal to the purchase payments made with after-tax dollars reduced by any prior nontaxable distribution. Distributions, for this purpose, include full and partial surrenders, any portion of the contract that is assigned or pledged as collateral for a loan, amounts borrowed from the contract, or any portion of the contract that is transferred by gift. For these purposes, a transfer by gift may occur upon annuitization if the contract owner and the annuitant are not the same individual.

In determining the taxable amount of a distribution that is made prior to the annuitization date, all annuity contracts issued after October 21, 1988 by the same company to the same contract owner during the same calendar year will be treated as one annuity contract.

A special rule applies to distributions from contracts that have investments in the contract that were made prior to August 14, 1982. For those contracts, distributions that are made prior to the annuitization date are treated first as the nontaxable recovery of the investment in the contract as of that date. A distribution in excess of the amount of the investment in the contract as of August 14, 1982, will be treated as taxable income.

With respect to annuity distributions on or after the annuitization date, a portion of each annuity payment is excludable from taxable income. The amount excludable from each annuity payment is determined by multiplying the annuity payment by a fraction which is equal to the contract owner's investment in the contract, divided by the expected return on the contract. Once the entire investment in the contract is recovered, all distributions are fully includable in income. The maximum amount excludable from income is the investment in the contract. If the annuitant dies before the entire investment in the contract has been excluded from income, and as a result of the annuitant's death no more payments are due under the contract, then the unrecovered investment in the contract may be deducted on his or her final tax return.

The Code provides that a portion of a non-qualified annuity contract may be annuitized for either (a) a period of 10 years or greater, or (b) for the life or lives of one or more persons. The portion of the contract annuitized would be treated as if it were a separate annuity contract. This means that an annuitization date can be established for a portion of the annuity

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contract annuitized and the above description of the taxation of annuity distributions after the annuitization date would apply to the portion of the contract that has been annuitized. The investment in the contract is required to be allocated pro rata between the portion of the contract that is annuitized and the portion that is not. All other benefits under the contract (e.g., death benefit) would also be reduced pro rata. For example, if 1/3 of the cash value of the contract were to be annuitized, the death benefit would also be reduced by 1/3.

The Code imposes a penalty tax if a distribution is made before the contract owner reaches age 59½. The amount of the penalty is 10% of the portion of any distribution that is includable in gross income. The penalty tax does not apply if the distribution is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the result of a contract owner's death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the result of a contract owner's disability (as defined in the Code);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• one of a series of substantially equal periodic payments made over the life (or life expectancy) of the contract owner or the joint lives (or joint life expectancies) of the contract owner and the beneficiary selected by the contract owner to receive payment under the annuity payment option selected by the contract owner. Substantially equal periodic payments must continue until the later of reaching age 59½ or five years. Modification of payments during that time period will result in retroactive application of the 10% additional penalty tax; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• is allocable to an investment in the contract before August 14, 1982.

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

*Non-Qualified Contracts - Non-Natural Persons as Contract Owners* 

The previous discussion related to the taxation of non-qualified contracts owned by natural persons (individuals). Different rules (the so-called "non-natural persons" rules) apply if the contract owner is not a natural person.

Generally, contracts owned by corporations, partnerships, trusts, and similar entities are not treated as annuity contracts for most purposes of the Code. Therefore, income earned under a non-qualified contract that is owned by a non-natural person is taxed as ordinary income during the taxable year in which it is earned. Taxation is not deferred, even if the income is not distributed out of the contract. The income is taxable as ordinary income, not capital gain.

The non-natural persons rules do not apply to all entity-owned contracts. For purposes of the non-natural persons rule, a contract that is owned by a non-natural person as an agent of an individual is treated as owned by the individual. This would allow the contract to be treated as an annuity under the Code, allowing tax deferral. However, this exception does not apply when the non-natural person is an employer that holds the contract under a non-qualified deferred compensation arrangement for one or more employees.

The non-natural persons rules also do not apply to contracts that are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• acquired by the estate of a decedent by reason of the death of the decedent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• issued in connection with certain qualified retirement plans and individual retirement plans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• purchased by an employer upon the termination of certain qualified retirement plans; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• immediate annuities within the meaning of Section 72(u) of the Code.

If the annuitant, who is the individual treated as owning the contract, dies before the contract is completely distributed, the balance may be included in the annuitant's gross estate for tax purposes, depending on the obligations that the non-natural owner may have owed to the annuitant.

***Diversification and Investor Control*** 

Code Section 817(h) contains rules on diversification requirements for variable annuity contracts. A variable annuity contract that does not meet these diversification requirements will not be treated as an annuity, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the failure to diversify was inadvertent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the failure is corrected; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a fine is paid to the Internal Revenue Service.

The amount of the fine will be the amount of tax that would have been paid by the contract owner if the income, for the period the contract was not diversified, had been received by the contract owner.

------

If the violation is not corrected, the contract owner will be considered the owner of the underlying securities and will be currently taxed on the earnings of his or her contract. Nationwide believes that the investments underlying this contract meet these diversification requirements.

For a variable contract to receive favorable tax treatment, the life insurance company must be considered the owner of the underlying assets within the separate account that supports the investment options within the contract. If the contract owner is considered to exercise investment control over the separate account assets, the contract owner will be treated as the owner of those assets and not the insurance company. As a result, the income and gain attributed to the separate account assets will be taxed currently to the contract owner. The IRS has issued guidance that the number of investment options available or the number of transfer opportunities available under a variable product may be relevant in determining whether the variable contract owner will be considered the owner of the separate account assets. Should the Treasury Secretary issue additional rules or regulations that would limit the extent to which a contract owner may direct their investments of particular underlying investment options without being treated as owner of the separate account assets, then Nationwide will take whatever steps are available to remain in compliance.

Based on the above, we believe that the contract qualifies as an annuity contract for federal income tax purposes.

***Exchanges*** 

As a general rule, federal income tax law treats an exchange of property in the same manner as a taxable sale of the property. However, pursuant to Section 1035 of the Code, an annuity contract may be exchanged tax-free for another annuity contract. If the exchange includes the receipt of other property, such as cash, in addition to another annuity contract, special rules may cause a portion of the transaction to be taxable to the extent of the value of the other property.

*Tax Treatment of a Partial 1035 Exchange With Subsequent Withdrawal* 

Partial exchanges may be treated as a tax-free exchange under Code Section 1035. IRS Rev. Proc. 2011-38 addresses the income tax consequences of the direct transfer of a portion of the cash value of an annuity contract in exchange for the issuance of a second annuity contract (a partial exchange). A direct transfer that satisfies the revenue procedure will be treated as a tax-free exchange under Section 1035 of the Code if, for a period of at least 180 days from the date of the direct transfer, there are no distributions or surrenders from either annuity contract involved in the exchange. In addition, the 180-day period will be deemed to have been satisfied with respect to amounts received as an annuity for a period of 10 years or more, or as an annuity for the life of one or more persons. The taxation of distributions (other than distributions described in the immediately preceding sentence) received from either contract within the 180-day period will be determined using general tax principles. For example, they could be treated as taxable "boot" in an otherwise tax-free exchange, or as a distribution from the new contract. Please discuss any tax consequences concerning any contemplated or completed transactions with a professional tax advisor.

***Additional Medicare Tax*** 

Section 1411 of the Code imposes a surtax of 3.8% on certain net investment income received by individuals and certain trusts and estates. The surtax is imposed on the lesser of (a) net investment income or (b) the excess of the modified adjusted gross income over a threshold amount. For individuals, the threshold amount is $250,000 (married filing jointly); $125,000 (married filing separately); or $200,000 (other individuals). The threshold for estates and trusts is $16,000.

Modified adjusted gross income is equal to adjusted gross income with several modifications; consult with a qualified tax advisor regarding how to determine modified adjusted gross income for purposes of determining the applicability of the surtax.

Net investment income includes, but is not limited to, interest, dividends, capital gains, rent and royalty income, and income from nonqualified annuities. Net investment income does not include, among other things, distributions from certain qualified plans (such as IRAs, Roth IRAs, and plans described in Code Sections 401(a), 401(k), 403(a), 403(b) or 457(b)); however, such distributions, to the extent that they are includible in income for federal income tax purposes, are includible in modified adjusted gross income.

**Required Distributions**

The Code requires that certain distributions be made from the contracts issued in conjunction with this prospectus. Following is an overview of the required distribution rules applicable to each type of contract. Consult a qualified tax or financial professional for more specific required distribution information.

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***Required Distributions – General Information*** 

In general, depending on the type of contract, the Code requires that minimum distributions begin during the contract owner's lifetime. In addition, the Code requires that upon the death of the contract owner, minimum distributions must be made to the contract owner's beneficiary. A beneficiary is an individual or other entity that the contract owner designates to receive death proceeds upon the contract owner's death. The distribution rules in the Code make a distinction between "beneficiary" and "designated beneficiary" when determining the life expectancy that may be used for payments that are made after the death of the contract owner from IRAs, SEP IRAs, Simple IRAs, Roth IRAs, Tax Sheltered Annuities, and non-qualified annuity contracts. A designated beneficiary is a natural person (individual) who is designated by the contract owner as the beneficiary under the contract. Non-natural beneficiaries (e.g. charities, estates, or certain trusts) are not designated beneficiaries for the purpose of required distributions and the life expectancy of such a beneficiary is zero.

Life expectancies and joint life expectancies will be determined in accordance with the relevant guidance provided by the Internal Revenue Service and the Treasury Department, including but not limited to Treasury Regulation 1.72-9 and Treasury Regulation 1.401(a)(9)-9.

Required distributions paid upon the death of the contract owner are paid to the beneficiary or beneficiaries stipulated by the contract owner. How quickly the distributions must be made may be determined with respect to the life expectancies of the beneficiaries. For non-qualified contracts, the beneficiaries used in the determination of the distribution period are those in effect on the date of the contract owner's death. For contracts other than non-qualified contracts, the beneficiaries used in the determination of the distribution period do not have to be determined until September 30 of the year following the contract owner's death. Any beneficiary that is not a designated beneficiary has a life expectancy of zero.

***Required Distributions for Non-Qualified Contracts*** 

Code Section 72(s) requires Nationwide to make certain minimum distributions when a contract owner dies. The following distributions will be made in accordance with the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If any contract owner dies on or after the annuitization date and before the entire interest in the contract has been distributed, then the remaining interest must be distributed at least as rapidly as the distribution method in effect on the contract owner's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If any contract owner dies before the annuitization date, then the entire interest in the contract (consisting of either the death benefit or the contract value reduced by charges set forth elsewhere in the contract) must be distributed within five years of the contract owner's death, provided however:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any interest payable to or for the benefit of a designated beneficiary may be distributed over the life of the designated beneficiary or over a period not longer than the life expectancy of the designated beneficiary. Payments must begin within one year of the contract owner's death unless otherwise permitted by federal income tax regulations; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the designated beneficiary is the surviving spouse of the deceased contract owner, the spouse can choose to become the contract owner instead of receiving a death benefit. Any distributions required under these distribution rules will be made upon that spouse's death.

In the event that the contract owner is not a natural person (e.g., a trust or corporation), but is acting as an agent for a natural person, for purposes of these distribution provisions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the death of the annuitant will be treated as the death of a contract owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any change of annuitant will be treated as the death of a contract owner; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in either case, the appropriate distribution will be made upon the death or change, as the case may be.

These distribution provisions do not apply to any contract exempt from Section 72(s) of the Code by reason of Section 72(s)(5) or any other law or rule.

The Code does not require that minimum distributions during the contract owner's lifetime.

***Required Distributions for Tax Sheltered Annuities, IRAs, SEP IRAs, Simple IRAs, and Roth IRAs*** 

*<u>Required Distributions During the Life of the Contract Owner</u>* 

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Distributions from a Tax Sheltered Annuity, IRA, SEP IRA or Simple IRA must begin no later than the required beginning date which is April 1 of the calendar year following the calendar year in which the contract owner reaches their applicable age. The applicable age is:

---

| | |
|:---|:---|
| **If the individual was born…** | **The applicable age is…** |
| Before July 1, 1949 | &nbsp;&nbsp; 70½ |
| After June 30, 1949 and before 1951 | &nbsp;&nbsp; 72 |
| After 1950 and before 1960 | &nbsp;&nbsp; 73 |
| After 1959 | &nbsp;&nbsp; 75 |

---

Distributions may be paid in a lump sum or in substantially equal payments over:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the life of the contract owner or the joint lives of the contract owner and the contract owner's designated beneficiary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a period not longer than the period determined under the table in Treasury Regulation 1.401(a)(9)-9, which is the deemed joint life expectancy of the contract owner and a person 10 years younger than the contract owner. If the designated beneficiary is the spouse of the contract owner, the period may not exceed the longer of the period determined under such table or the joint life expectancy of the contract owner and the contract owner's spouse, determined in accordance with Treasury Regulation 1.401(a)(9)-9.

For Tax Sheltered Annuities, required distributions do not have to be withdrawn from this contract if they are being withdrawn from another Tax Sheltered Annuity of the contract owner.

For IRAs, SEP IRAs, and Simple IRAs, required distributions do not have to be withdrawn from this contract if they are being withdrawn from another IRA, SEP IRA, or Simple IRA of the contract owner.

The rules for Roth IRAs do not require distributions to begin during the contract owner's lifetime, therefore, the required beginning date is not applicable to Roth IRAs.

*<u>Required Distributions Upon Death of a Contract Owner</u>* 

For death of a contract owner before January 1, 2020, please consult your tax advisor or legal counsel regarding the post-death minimum distribution rules that apply. If the contract owner dies on or after January 1, 2020, and the designated beneficiary is not an eligible designated beneficiary as defined under Code Section 401(a)(9), then the entire balance of the contract must be distributed by December 31<sup>st</sup> of the tenth year following the contract owner's death. This 10-year post-death distribution period applies regardless of whether the contract owner dies before or after the contract owner's required beginning date. Where a contract owner dies after their required beginning date, a designated beneficiary who is not an eligible designated beneficiary must continue to take annual distributions during the 10-year post-death distribution period, based generally on their life expectancy, with the entire balance of the contract required to be distributed by the end of the 10-year post-death period. Please discuss with your tax advisor about the impact this may have on your situation.

In the case of an eligible designated beneficiary, which includes (1) the contract owner's surviving spouse, (2) a minor child of the contract owner, (3) a disabled individual, (4) a chronically ill individual, or (5) an individual not more than 10 years younger than the contract owner, the entire balance of the contract can be distributed over a period not exceeding the life or life expectancy of the eligible designated beneficiary provided that distributions begin by December 31<sup>st</sup> of the calendar year after the calendar year of the contract owner's death. If an eligible designated beneficiary dies before the entire interest is distributed, the remaining interest must be distributed by December 31st of the tenth year following the eligible designated beneficiary's death.

A distribution in the form of annuity payments (an annuitization) that began on or after January 1, 2020, while the contract owner was alive may need to be commuted or modified after the contract owner's death in order to comply with the post-death distribution requirements. However, distributions in the form of annuity payments (an annuitization) that began prior to January 1, 2020, while the contract owner was alive, can continue under that method after the death the contract owner without modification.

In addition, a beneficiary who is not a designated beneficiary, such as a charity, estate, or trust, must withdraw the entire account balance by December 31<sup>st</sup> of the fifth year following the contract owner's death.

Regardless of whether the contract owner dies before, or on or after January 1, 2020, a designated beneficiary who is the surviving spouse of the deceased contract owner may choose to become the contract owner. Any distributions required under these distribution rules will be made upon the surviving spouse's death.

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If the above distribution requirements are not met, a penalty tax of 25% is levied on the difference between the amount that should have been distributed for that year and the amount that actually was distributed for that year. The penalty tax is reduced to 10% if the required distribution not taken is distributed within a "correction window" as defined under the Code.

Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.

**Other Considerations**

***Same-Sex Marriages, Domestic Partnership, and Other Similar Relationships*** 

The Treasury issued final regulations that address what relationships are considered marriages for federal tax purposes. The final regulation's definition of a marriage reflects the United States Supreme Court holdings in Windsor and Obergefell, as well as Rev. Proc. 2017-13.

The final regulations define the terms "spouse," "husband," "wife," and "husband and wife" to be gender neutral so that these terms can apply equally to same sex couples and opposite sex couples. In addition, the regulations adopt the "place of celebration" rule to determine marital status for federal tax purposes. Therefore, a marriage of two individuals is recognized for federal tax purposes if the marriage is recognized by a state, possession, or territory of the US in which the marriage was entered into, regardless of the couple's place of domicile.

Consistent with IRS Rev. Proc. 2013-17, the final regulations provide that relationships entered into as civil unions or registered domestic partnerships that are not denominated as marriages under state law are not marriages for federal tax purposes. Therefore, the favorable income-tax deferral options afforded by federal tax law to a married spouse under Code Sections 72 and 401(a)(9) are not available to individuals who have entered into these formal relationships.

***Withholding*** 

The taxable portion of a distribution from a contract is subject to federal income tax. Nationwide is required to withhold the tax from the distributions unless the contract owner requests otherwise. Under some circumstances, the Code will not permit contract owners to waive withholding. Such circumstances include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the payee does not provide Nationwide with a taxpayer identification number; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if Nationwide receives notice from the Internal Revenue Service that the taxpayer identification number furnished by the payee is incorrect.

If a contract owner is prohibited from waiving withholding, as described above, the portion of the distribution that represents income will be subject to withholding rates established by Section 3405 of the Code.

If the distribution is from a Tax Sheltered Annuity, it will be subject to mandatory 20% withholding that cannot be waived, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the distribution is made directly to another Tax Sheltered Annuity, qualified pension or profit-sharing plan described in Section 401(a), an eligible deferred compensation plan described in Section 457(b) which is maintained by an eligible employer described in section 457(e)(1)(A) or individual retirement plan; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the distribution satisfies the minimum distribution requirements imposed by the Code.

***Non-Resident Aliens*** 

Generally, the taxable portion of a distribution from a contract to a non-resident alien is subject to federal income tax at a rate of 30% of the amount of income that is distributed.

Nationwide is required to withhold this amount and send it to the Internal Revenue Service. Some distributions to non-resident aliens may be subject to a lower (or no) tax if a treaty applies. In order to obtain the benefits of such a treaty, the non-resident alien must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) provide Nationwide with a properly completed withholding certificate claiming the treaty benefit of a lower tax rate or exemption from tax; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) provide Nationwide with an individual taxpayer identification number.

If the non-resident alien does not meet the above conditions, Nationwide will withhold 30% of income from the distribution.

Another exemption from the 30% withholding rate is available if the non-resident alien provides Nationwide with sufficient evidence that:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the distribution is connected to the non-resident alien's conduct of business in the United States;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the distribution is includable in the non-resident alien's gross income for United States federal income tax purposes; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) provide Nationwide with a properly completed withholding certificate claiming the exemption.

Note that for the preceding exemption, the distributions would be subject to the same withholding rules that are applicable to payments to United States persons.

This prospectus does not address any tax matters that may arise by reason of application of the laws of a non-resident alien's country of citizenship and/or country of residence. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the applicability of laws of those jurisdictions to the purchase or ownership of a contract.

***FATCA*** 

Under Sections 1471 through 1474 of the Internal Revenue Code (commonly referred to as FATCA), distributions from a contract to a foreign financial institution or to a nonfinancial foreign entity, each as described by FATCA, may be subject to United States tax withholding at a flat rate equal to 30% of the taxable amount of the distribution, irrespective of the status of any beneficial owner of the contract or of the distribution. Nationwide may require a contract owner to provide certain information or documentation (e.g., Form W-9 or Form W-8BEN) to determine its withholding requirements under FATCA.

***Federal Estate, Gift and Generation Skipping Transfer Taxes*** 

The following transfers may be considered a gift for federal gift tax purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a transfer of the contract from one contract owner to another; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a distribution to someone other than a contract owner.

Upon the contract owner's death, the value of the contract may be subject to estate taxes, even if all or a portion of the value is also subject to federal income taxes.

Section 2612 of the Code may require Nationwide to determine whether a death benefit or other distribution is a "direct skip" and the amount of the resulting generation skipping transfer tax, if any. A direct skip is when property is transferred to, or a death benefit or other distribution is made to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) an individual who is two or more generations younger than the contract owner; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) certain trusts, as described in Section 2613 of the Code (generally, trusts that have no beneficiaries who are not two or more generations younger than the contract owner).

If the contract owner is not an individual, then for this purpose only, "contract owner" refers to any person:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• who would be required to include the contract, death benefit, distribution, or other payment in his or her federal gross estate at his or her death; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• who is required to report the transfer of the contract, death benefit, distribution, or other payment for federal gift tax purposes.

If a payment is subject to the generation skipping transfer tax, Nationwide may be required to deduct the amount of the transfer tax from the death benefit, distribution or other payment, and remit it directly to the Internal Revenue Service.

***Charge for Tax*** 

Nationwide is not required to maintain a capital gain reserve liability on non-qualified contracts. If tax laws change requiring a reserve, Nationwide may implement and adjust a tax charge.

**State Taxation** 

The tax rules across the various states and localities are not uniform and therefore are not discussed in this prospectus. Tax rules that may apply to contracts issued in U.S. territories such as Puerto Rico and Guam are also not discussed. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.

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**Appendix C: Standard Death Benefit (Five-Year Reset Death Benefit) Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the Standard Death Benefit (Five-Year Reset Death Benefit) is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

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| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1991 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $106678 |
| 01-01-1996 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $90326 |
| 01-01-2001 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $98267 |
| 03-01-2001 | Annuitant's 86th birthday | n/a | $98555 |
| 01-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $97113 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $97,113

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $98,267

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**Appendix D: One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

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| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1994 | Contract Anniversary | n/a | $123362 |
| 03-01-1996 | Annuitant's 86th birthday | n/a | $111026 |
| 02-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $119368 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $119,368

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $123,362

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**Appendix E: One-Year Step Up Death Benefit Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the One-Year Step Up Death Benefit Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

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| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1994 | Contract Anniversary | n/a | $123362 |
| 03-01-1996 | Annuitant's 86th birthday | n/a | $111026 |
| 02-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $119368 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $119,368

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $123,362

------

**Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% compound interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 02-14-1988 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $25000 | $133666 |
| 07-28-1996 | Partial Withdrawal | $10000 | $176202 |
| 09-30-2004 | Annuitant's 86th birthday | n/a | $242807 |
| 03-01-2005 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $11000 | $257803 |
| 05-15-2007 | Partial Withdrawal | $7000 | $274079 |
| 04-18-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $295602 |

---

\* The Contract Value shown assumes a 4% net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $295,602

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; $126,067

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value $252,134

**Conclusion** 

Death Benefit = 295,602

------

**Appendix G: 5% Enhanced Death Benefit Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the 5% Enhanced Death Benefit Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% simple interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 02-14-1988 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $25000 | $133666 |
| 07-28-1996 | Partial Withdrawal | $10000 | $176202 |
| 09-30-2004 | Annuitant's 86th birthday | n/a | $242807 |
| 03-01-2005 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $11000 | $257803 |
| 05-15-2007 | Partial Withdrawal | $7000 | $274079 |
| 04-18-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $295602 |

---

\* The Contract Value shown assumes a 4% net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value as of the date that Nationwide receives all the information necessary to pay the death benefit; $295,602

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value $252,134

**Conclusion** 

Death Benefit = 295,602

------

**Appendix H: Financial Intermediary Variations**

Some broker-dealers that have entered into selling agreements with Nationwide (or an affiliate) to sell this contract impose restrictions on their financial professionals that prohibit or limit the recommendation of specific features, benefits, and investment options that are described in this prospectus. Those restrictions are made by the broker-dealer and may or may not be known to Nationwide. Currently, Nationwide is not aware of any such restrictions; however, this conclusion is based only on information that Nationwide could obtain without unreasonable effort or expense and does not reflect restrictions the knowledge of which rests peculiarly with unaffiliated broker-dealers. **Applicants/Contract Owners should discuss broker-dealer restrictions on features, benefits, and investment options directly with their financial professional.**

------

**Outside back cover page** 

The Statement of Additional Information contains additional information about the Variable Account. To obtain a free copy of the Statement of Additional Information, request other information about the contract, or to make any other service requests, contact Nationwide at 1-800-848-6331 or by one of the other methods described in *Contacting the Service Center*.

The Statement of Additional Information has been filed with the SEC and is incorporated by reference into this prospectus. The SAI is also available at https://nationwide.onlineprospectus.net/NW/C000024720NW/index.php?ctype=product_sai. This prospectus is available at https://nationwide.onlineprospectus.net/NW/C000024720NW/index.php?ctype=product_prospectus.

Reports and other information about the Variable Account are available on the SEC's website at http://www.sec.gov. Copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

SEC Contract Identifier: C000024720

------

**The Best of America**<sup>®</sup> **America's FUTURE Annuity**<sup>®</sup> **(Key)**

**Individual Modified Single Premium Deferred Variable Annuity Contracts** 

Issued by

**Nationwide Life Insurance Company** 

through its

**Nationwide Variable Account-9** 

The date of this prospectus is May 1, 2026.

This prospectus contains important information about the contracts that should be understood before investing. Read this prospectus carefully and keep it for future reference. The contract described in this prospectus is no longer available for purchase.

Variable annuities are complex investment products and involve risks, including the potential loss of principal. The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals under the contract could result in Contingent Deferred Sales Charges, taxes, and tax penalties.

Variable annuities have unique benefits and advantages that may be particularly useful in meeting long-term savings and retirement needs. There are costs and charges associated with these benefits and advantages - costs and charges that are different, or do not exist at all, within other investment products. With help from financial professionals, investors are encouraged to compare and contrast the costs and benefits of the variable annuity described in this prospectus against those of other investment products, especially other variable annuity and variable life insurance products offered by Nationwide and its affiliates. Nationwide offers a wide array of such products, many with different charges, benefit features, and investment options. This process of comparison and analysis should aid in determining whether the purchase of the contract described in this prospectus is consistent with the purchaser's investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and other personal characteristics and needs.

Variable annuities are not insured by the Federal Deposit Insurance Corporation or any other federal government agency, and are not deposits of, guaranteed by, or insured by the depository institution where offered or any of its affiliates. The SEC has not approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. Additional information about certain investment products, including variable annuities, has been prepared by the SEC's staff and is available at Investor.gov.

The investment options available under the contract consist of Sub-Accounts that invest in underlying mutual funds, which offer a variable rate of return, a Fixed Account, which offers a fixed rate of return, and Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025), which offer an enhanced rate of return subject to a market value adjustment. Additional information about the investment options is available in *Appendix A: Investment Options Available Under the Contract.* <br>

This contract contains features that apply credits to the Contract Value. The benefit of the credits may be more than offset by the additional fees that the Contract Owner will pay in connection with the credits. A contract without credits may cost less. Additionally, with respect to the Extra Value Option, the cost of electing the option and the recapture of the credits (in the event of a withdrawal) could exceed any benefit of receiving the Extra Value Option credits.

**The availability of investment options, contract benefits, or other contract features described in this prospectus may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations* for additional information).**

**Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract and decide if they want to keep it or cancel it. This right is referred to as a "free look" right. The length of this time period depends on state law and may vary depending on whether the purchase is a replacement of another annuity contract. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date (see *Right to Examine and Cancel* and *Contacting the Service Center*).**

**If the Contract Owner elects to cancel the contract pursuant to the free look provision, where required by law, Nationwide will return the greater of the Contract Value or the amount of purchase payment(s) applied during the free look period, less any Extra Value Option credits, withdrawals from the contract, and applicable federal and** 

------

**state income tax withholding. Otherwise, Nationwide will return the Contract Value, less any Extra Value Option credits, withdrawals from the contract, and applicable federal and state income tax withholding (see *Right to Examine and Cancel*).**

All guarantees under the contract are subject to Nationwide's creditworthiness and claims-paying ability.

------

**Glossary of Special Terms** 

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Accumulation Unit** – An accounting unit of measure used to calculate the Contract Value allocated to the Variable <br> Account before the Annuitization Date.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Annuitant** – The person(s) whose length of life determines how long annuity payments are paid. The Annuitant must <br> be living on the date the contract is issued.<br>|
| **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. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Co-Annuitant** – The person designated by the Contract Owner to receive the benefit associated with the Spousal <br> Protection Feature.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Contingent Annuitant** – The individual who becomes the Annuitant if the Annuitant dies before the Annuitization <br> Date.<br>|
| **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. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Contract Value** – The value of all Accumulation Units in a contract plus any amount held in the Fixed Account, the <br> GTOs, and the collateral fixed account.<br>|
| **Contract Year** – Each year the contract is in force beginning with the date the contract is issued. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Daily Net Assets** – A figure that is calculated at the end of each Valuation Date and represents the sum of all the <br> Contract Owners interests in the Sub-Accounts after the deduction of underlying mutual fund expenses.<br>|
| **ERISA** – The Employee Retirement Income Security Act of 1974, as amended. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Fixed Account** – An investment option that is funded by Nationwide's General Account. Amounts allocated to the <br> Fixed Account will receive periodic interest subject to a guaranteed minimum crediting rate.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **General Account** – All assets of Nationwide other than those of the Variable Account or in other separate accounts of <br> Nationwide.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Guaranteed Term Options ("GTOs")** – Investment options that provide a guaranteed fixed interest rate paid over <br> specific term duration and contain a market value adjustment feature. Guaranteed Term Options are referred to as <br> Target Term Options in some states.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Individual Retirement Account** – An account that qualifies for favorable tax treatment under Section 408(a) of the <br> Internal Revenue Code, but does not include Roth IRAs.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Individual Retirement Annuity or IRA** – An annuity contract that qualifies for favorable tax treatment under Section <br> 408(b) of the Internal Revenue Code, but does not include Roth IRAs or Simple IRAs.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Investment-Only Contract** – A contract purchased by a qualified pension, profit-sharing, or stock bonus plan as <br> defined by Section 401(a) of the Internal Revenue Code.<br>|
| **Nationwide** – Nationwide Life Insurance Company. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net Asset Value** – The value of one share of an underlying mutual fund at the close of regular trading on the New <br> York Stock Exchange.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Non-Qualified Contract** – A contract which does not qualify for favorable tax treatment as a Qualified Plan, IRA, Roth <br> IRA, SEP IRA, Simple IRA, or Tax Sheltered Annuity.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Qualified Plan** – A retirement plan that receives favorable tax treatment under Section 401 of the Internal Revenue <br> Code, including Investment-Only Contracts. In this prospectus, all provisions applicable to Qualified Plans also apply <br> to Investment-Only Contracts unless specifically stated otherwise.<br>|

---

------

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Roth IRA** – An annuity contract that qualifies for favorable tax treatment under Section 408A of the Internal Revenue <br> Code.<br>|
| **SEC** – Securities and Exchange Commission. |
| &nbsp;&nbsp;&nbsp;&nbsp; **SEP IRA** – An annuity contract which qualifies for favorable tax treatment under Section 408(k) of the Internal <br> Revenue Code.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Service Center** – The department of Nationwide responsible for receiving all service and transaction requests relating <br> to the contract. For service and transaction requests submitted other than by telephone (including fax requests), the <br> Service Center is Nationwide's mail and document processing facility. For service and transaction requests <br> communicated by telephone, the Service Center is Nationwide's operations processing facility. Information on how to <br> contact the Service Center is in the *Contacting the Service Center* provision.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Simple IRA** – An annuity contract which qualifies for favorable tax treatment under Section 408(p) of the Internal <br> Revenue Code.<br>|
| **Sub-Accounts** – Divisions of the Variable Account, each of which invests in a single underlying mutual fund. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Target Term Option** – Investment options that are, in all material respects, the same as Guaranteed Term Options. All <br> references in this prospectus to Guaranteed Term Options will also mean Target Term Options (in applicable <br> jurisdictions).<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Tax Sheltered Annuity** – An annuity that qualifies for favorable tax treatment under Section 403(b) of the Internal <br> Revenue Code.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Valuation Date** – Each day the New York Stock Exchange is open for business or any other day during which there is <br> a sufficient degree of trading such that the current Net Asset Value of the underlying mutual fund shares might be <br> materially affected. Values of the Variable Account are determined as of the close of regular trading on the New <br> York Stock Exchange, which generally closes at 4:00 p.m. EST.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Valuation Period** – The period of time commencing at the close of a Valuation Date and ending at the close of <br> regular trading on the New York Stock Exchange for the next succeeding Valuation Date.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Variable Account** – Nationwide Variable Account-9, a separate account that Nationwide established to hold Contract <br> Owner assets allocated to variable investment options. The Variable Account is divided into Sub-Accounts, each of <br> which invests in a separate underlying mutual fund.<br>|

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **Page** |
| **[Glossary of Special Terms](#xx_b865788b-b79b-4846-a6db-277926b9cc10_1)** | &nbsp;&nbsp; 3 |
| **[Overview of the Contract](#xx_edb45dba-dd00-4b05-975c-ca19d42ed677_1)** | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Purpose of the Contract](#xx_edb45dba-dd00-4b05-975c-ca19d42ed677_1) | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Phases of the Contract](#xx_edb45dba-dd00-4b05-975c-ca19d42ed677_1) | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Features](#xx_edb45dba-dd00-4b05-975c-ca19d42ed677_1) | &nbsp;&nbsp; 8 |
| **[Important Information You Should Consider About the Contract](#xx_23048a32-1a62-43ef-ba13-6974a470d877_1)** | &nbsp;&nbsp; 11 |
| **[Fee Table](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_1)** | &nbsp;&nbsp; 14 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Example](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_3) | &nbsp;&nbsp; 16 |
| **[Principal Risks](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_3)** | &nbsp;&nbsp; 16 |
| **[Nationwide and the Variable Account](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_5)** | &nbsp;&nbsp; 18 |
| **[Investment Options](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_6)** | &nbsp;&nbsp; 19 |
| &nbsp;&nbsp;&nbsp;&nbsp; [The Sub-Accounts and Underlying Mutual Funds](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_6) | &nbsp;&nbsp; 19 |
| &nbsp;&nbsp;&nbsp;&nbsp; [The Fixed Account](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_7) | &nbsp;&nbsp; 20 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Term Options](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_9) | &nbsp;&nbsp; 22 |
| **[Contacting the Service Center](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_10)** | &nbsp;&nbsp; 23 |
| **[Charges and Adjustments](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_10)** | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Mortality and Expense Risk Charge](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_10) | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Deferred Sales Charge](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_10) | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Premium Taxes](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Loan Processing Fee and Loan Interest Charge](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reduced Purchase Payment Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Five Year CDSC Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Additional Withdrawal Without Charge and Disability Waiver](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [10 Year and Disability Waiver](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Hardship Waiver](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Step Up Death Benefit Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [5% Enhanced Death Benefit Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Minimum Income Benefit Options](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Extra Value Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary Protector Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Capital Preservation Plus Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Removal of Variable Account Charges](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Fund Charges](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_15) | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Market Value Adjustment](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_15) | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Profitability](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_16) | &nbsp;&nbsp; 29 |
| **[The Contract in General](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_16)** | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Types of Contracts Issued](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_16) | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Minimum Initial and Subsequent Purchase Payments](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_16) | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Dollar Limit Restrictions](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Money Laundering](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Replacements](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contestability](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Payments to Minors](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Misuse](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide's General Account Obligations](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contractual Guarantees](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reservation of Rights](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Distribution, Promotional, and Sales Expenses](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Fund Service Fee Payments](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Treatment of Unclaimed Property](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_20) | &nbsp;&nbsp; 33 |
| **[Benefits Under the Contract](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_20)** | &nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Standard Benefits Table](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_20) | &nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Optional Benefits Table](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_21) | &nbsp;&nbsp; 34 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Standard Death Benefit (Five-Year Reset Death Benefit)](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_24) | &nbsp;&nbsp; 37 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reduced Purchase Payment Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_25) | &nbsp;&nbsp; 38 |

---

------

**Table of Contents (continued)**

---

| | |
|:---|:---|
|  | **Page** |
| &nbsp;&nbsp;&nbsp;&nbsp; [Five Year CDSC Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_25) | &nbsp;&nbsp; 38 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Additional Withdrawal Without Charge and Disability Waiver](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_26) | &nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp;&nbsp; [10 Year and Disability Waiver](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_26) | &nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Hardship Waiver](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Step Up Death Benefit Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_28)<br> [Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_28)<br>| &nbsp;&nbsp; 41 |
| &nbsp;&nbsp;&nbsp;&nbsp; [5% Enhanced Death Benefit Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_29) | &nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Spousal Protection Feature](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_29) | &nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Minimum Income Benefit Options](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_30) | &nbsp;&nbsp; 43 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Extra Value Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_32) | &nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary Protector Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_33) | &nbsp;&nbsp; 46 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Capital Preservation Plus Option](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_34) | &nbsp;&nbsp; 47 |
| **[Ownership and Interests in the Contract](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_37)** | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Owner](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Joint Owner](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Owner](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitant](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Co-Annuitant](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Annuitant](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Joint Annuitant](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary and Contingent Beneficiary](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Changes to the Parties to the Contract](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Community Property States](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_39) | &nbsp;&nbsp; 52 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Assignment](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_39) | &nbsp;&nbsp; 52 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficially Owned Contracts](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_40) | &nbsp;&nbsp; 53 |
| **[Operation of the Contract](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_40)** | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Pricing](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_40) | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Application and Allocation of Purchase Payments](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_40) | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Determining the Contract Value](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_41) | &nbsp;&nbsp; 54 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfer Requests](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_42) | &nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfers Prior to Annuitization](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_42) | &nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfers After Annuitization](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_43) | &nbsp;&nbsp; 56 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfer Restrictions](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_43) | &nbsp;&nbsp; 56 |
| **[Right to Examine and Cancel](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_45)** | &nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Allocation of Purchase Payments during Free Look Period](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_45) | &nbsp;&nbsp; 58 |
| **[Surrender/Withdrawal Prior to Annuitization](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_45)** | &nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Partial Withdrawals](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_46) | &nbsp;&nbsp; 59 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Full Surrenders](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_46) | &nbsp;&nbsp; 59 |
| **[Surrender/Withdrawal After Annuitization](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_47)** | &nbsp;&nbsp; 60 |
| **[Withdrawals Under Certain Plan Types](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_47)** | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals Under a Texas Optional Retirement Program or a Louisiana Optional Retirement Plan](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_47) | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals Under a Tax Sheltered Annuity](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_47) | &nbsp;&nbsp; 60 |
| **[Loan Privilege](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_48)** | &nbsp;&nbsp; 61 |
| **[Contract Owner Services](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_51)** | &nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Asset Rebalancing](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_51) | &nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Dollar Cost Averaging](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_52) | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Enhanced Fixed Account Dollar Cost Averaging](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_52) | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Systematic Withdrawals](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_53) | &nbsp;&nbsp; 66 |
| **[Death Benefit](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_54)** | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Contract Owner](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Annuitant](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Contract Owner/Annuitant](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit Payment](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit Calculations](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_55) | &nbsp;&nbsp; 68 |
| **[Annuity Commencement Date](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_55)** | &nbsp;&nbsp; 68 |

---

------

**Table of Contents (continued)**

---

| | |
|:---|:---|
|  | **Page** |
| **[Annuitizing the Contract](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_55)** | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitization Date](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_55) | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitization](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Fixed Annuity Payments](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Variable Annuity Payments](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Frequency and Amount of Annuity Payments](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_56) | &nbsp;&nbsp; 69 |
| **[Annuity Payment Options](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_57)** | &nbsp;&nbsp; 70 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuity Payment Options Available to All Contracts](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_57) | &nbsp;&nbsp; 70 |
| **[Statements and Reports](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_58)** | &nbsp;&nbsp; 71 |
| **[Legal Proceedings](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_58)** | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide Life Insurance Company](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_58) | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide Investment Services Corporation](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_59) | &nbsp;&nbsp; 72 |
| **[Financial Statements](#xx_d4c5cfa3-f22a-402b-ab9b-25761895691e_59)** | &nbsp;&nbsp; 72 |
| **[Appendix A: Investment Options Available Under the Contract](#xx_e79ef721-1e2b-4f81-9b2b-467748102d18_1)** | &nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Funds](#xx_e79ef721-1e2b-4f81-9b2b-467748102d18_1) | &nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Fixed Options](#xx_e79ef721-1e2b-4f81-9b2b-467748102d18_5) | &nbsp;&nbsp; 77 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Income Benefit Investment Options](#xx_e79ef721-1e2b-4f81-9b2b-467748102d18_6) | &nbsp;&nbsp; 78 |
| **[Appendix B: Contract Types and Tax Information](#xx_7917affe-1b66-4bfa-9647-2ff303d2a507_1)** | &nbsp;&nbsp; 80 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Types of Contracts](#xx_7917affe-1b66-4bfa-9647-2ff303d2a507_1) | &nbsp;&nbsp; 80 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Federal Tax Considerations](#xx_7917affe-1b66-4bfa-9647-2ff303d2a507_3) | &nbsp;&nbsp; 82 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Required Distributions](#xx_7917affe-1b66-4bfa-9647-2ff303d2a507_7) | &nbsp;&nbsp; 86 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Other Considerations](#xx_7917affe-1b66-4bfa-9647-2ff303d2a507_10) | &nbsp;&nbsp; 89 |
| &nbsp;&nbsp;&nbsp;&nbsp; [State Taxation](#xx_7917affe-1b66-4bfa-9647-2ff303d2a507_11) | &nbsp;&nbsp; 90 |
| **[Appendix C:](#xx_a7a61352-f88e-4f9e-a109-dc1423c4e24c_1) [Standard Death Benefit (Five-Year Reset Death Benefit) Example](#xx_a7a61352-f88e-4f9e-a109-dc1423c4e24c_1)** | &nbsp;&nbsp; 91 |
| **[Appendix D: One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_022feedd-179b-4c97-9a81-855384d1e968_1)**<br> **[Option Example](#xx_022feedd-179b-4c97-9a81-855384d1e968_1)**<br>| &nbsp;&nbsp; 92 |
| **[Appendix E: One-Year Step Up Death Benefit Option Example](#xx_a7f69e82-b707-47c5-8157-58415352ad81_1)** | &nbsp;&nbsp; 93 |
| **[Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and](#xx_405fe1a7-2d10-4a8f-858e-3dc059585361_1)**<br> **[Spousal Protection Option Example](#xx_405fe1a7-2d10-4a8f-858e-3dc059585361_1)**<br>| &nbsp;&nbsp; 94 |
| **[Appendix G: 5% Enhanced Death Benefit Option Example](#xx_43e568b4-c088-4e08-aa01-82208bc4a2a9_1)** | &nbsp;&nbsp; 95 |
| **[Appendix H: Financial Intermediary Variations](#xx_dbe02e6a-1c6d-4fb1-aec3-b76ae6762dc2_1)** | &nbsp;&nbsp; 96 |

---

------

**Overview of the Contract** 

**Purpose of the Contract** 

The contract is intended to be a long-term investment vehicle to assist investors in saving for and living in retirement. Nationwide has designed the contract to offer features, pricing, and investment options that encourage long-term ownership. The contract can help supplement retirement income through the annuitization feature, which provides a stream of periodic income payments. During the years leading up to those income payments, the Contract Owner manages his/her assets in the contract according to their specific goals and risk preferences by directing the allocation and reallocation among a variety of investment options. Contract growth is tax-deferred, meaning that gains in the contract are not taxable until withdrawn from the contract. Finally, in the event that the Annuitant dies before beginning income payments, the contract offers a death benefit.

Prospective purchasers should consult with a financial professional to determine whether this contract is appropriate for them, taking into consideration their particular needs, including investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and other personal characteristics. Generally speaking, this contract is intended to provide benefits to a single individual and his/her beneficiaries. The contract is not intended to be used by institutional investors, in connection with other Nationwide contracts that have the same Annuitant, or in connection with other Nationwide contracts that have different Annuitants but the same Contract Owner. It is not intended to be sold to a terminally ill Contract Owner or Annuitant.

**Phases of the Contract** 

The contract exists in two separate phases: accumulation (savings) and annuitization (income). During the accumulation phase, the contract offers a variety of investment options to which the Contract Owner can allocate and reallocate his/her Contract Value. The investment options available under the contract consist of Sub-Accounts that invest in underlying mutual funds, which offer a variable rate of return, a Fixed Account, which offers a fixed rate of return, and Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025), which offer an enhanced rate of return subject to a market value adjustment. **Additional information about the underlying mutual funds is available in *Appendix A: Investment Options Available Under the Contract*.** 

During the annuitization phase, Nationwide makes periodic income payments to the Annuitant. At the time of annuitization, the Contract Owner elects the duration of the annuity payments – either for a fixed period of time or for the duration of the Annuitant's (and possibly the Annuitant's spouse's) life. The Contract Owner also elects whether the annuity payments will be fixed or variable. If variable annuity payments are elected, the Annuitant controls the allocation/reallocation of annuitized assets among the available Sub-Accounts. After annuitization begins, the only value associated with the contract is the stream of annuity payments; unless otherwise specified in the annuity option, amounts cannot be withdrawn from the contract over and above the annuity payments. Additionally, once annuitization has begun, there is no death benefit, which means that upon the death of the Annuitant (and the Annuitant's spouse if a joint annuity option was elected), all payments stop and the contract terminates, unless the particular annuitization option provides otherwise.

**Contract Features**

**Investment Options.** Contract Owners can allocate Contract Value to Sub-Accounts that invest in underlying mutual funds, the Fixed Account and/or the Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025). Contract Owners can reallocate those assets at their discretion, subject to certain restrictions.

**Deposits to the Contract.** Contract Owners can apply additional purchase payments to the contract until the Annuitization Date, subject to certain restrictions.

**Withdrawals from the Contract.** Contract Owners can withdraw some or all of their Contract Value at any time prior to annuitization, subject to certain restrictions. A CDSC may apply. After Annuitization, withdrawals other than annuity payments are not permitted.

**Loans from the Contract.** For contracts issued as Tax Sheltered Annuities, Contract Owners can request a loan of a portion of their Contract Value at any time after the free look period and prior to annuitization, subject to certain restrictions. A Loan Processing Fee is assessed at the time each new loan is processed, and a loan interest charge also applies.

------

**Death Benefit.** During the accumulation phase, the contract contains a standard death benefit (the greatest of (i) Contract Value, (ii) net purchase payments, or (iii) the Contract Value as of the most recent five-year Contract Anniversary before the Annuitant's 86th birthday) at no additional charge.

**Optional Death Benefits.** Several death benefit options are available for an additional charge, which may provide a greater death benefit than the standard death benefit. Those options are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option (available beginning January 2, 2001 or a later date if state law requires)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• One-Year Step Up Death Benefit Option (available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option (available beginning January 2, 2001 or a later date if state law requires)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% Enhanced Death Benefit Option (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)

**Spousal Protection Feature.** Some of the death benefit options contain the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse, subject to certain conditions.

**Reduced Purchase Payment Option.** The contract offers a Reduced Purchase Payment Option for an additional charge, which provides for reduced minimum initial purchase payment and subsequent purchase payment requirements.

**CDSC Options.** Several CDSC Options are available for an additional charge, whereby Nationwide will waive or reduce the standard CDSC schedule. Those options are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Five Year CDSC Option

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Additional Withdrawal Without Charge and Disability Waiver

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10 Year and Disability Waiver

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hardship Waiver

**Guaranteed Minimum Income Benefit Options.** The contract offers two Guaranteed Minimum Income Benefit Options for an additional charge, each of which provides for a guaranteed amount at annuitization.

**Extra Value Option Credits.** An Extra Value Option is available for an additional charge, whereby Nationwide will apply additional money to the Contract Value during the first Contract Year. Extra Value Option credits are subject to recapture under certain circumstances.

**Beneficiary Protector Option.** The contract offers a Beneficiary Protector Option for an additional charge, which may be advantageous if the Contract Owner anticipates the assessment of taxes in connection with payment of the death benefit proceeds.

**Capital Preservation Plus Option.** The contract offers a Capital Preservation Plus Option for an additional charge, which provides a principal guarantee.

**Annuity Payments.** On the Annuitization Date, Nationwide will make annuity payments based on the annuity payment option chosen prior to annuitization.

**Tax Deferral.** Generally, Contract Owners will not be taxed on any earnings on the assets in the contract until such earnings are distributed from the contract. How each contract's distributions are taxed depends on the type of contract issued. Note that if this contract is issued in connection with a plan that qualifies for special income tax treatment under the Code, the contract does not provide additional tax deferral benefits (see *Appendix B: Contract Types and Tax Information*).

**Cancellation of the Contract.** Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract and decide if they want to keep it or cancel it. Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date (see *Right to Examine and Cancel* and *Contacting the Service Center*).

**Contract Owner Services.** The contract offers several services at no additional charge to assist Contract Owners in managing their contract, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Asset Rebalancing

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Dollar Cost Averaging

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Fixed Account Dollar Cost Averaging

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Systematic Withdrawals

**Market Value Adjustment** 

A withdrawal or transfer from a Guaranteed Term Option (GTO) prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

Contact the Service Center for more information on the GTOs.

------

**Important Information You Should Consider About the Contract** 

---

| | |
|:---|:---|
| **FEES, EXPENSES, AND ADJUSTMENTS**<br> (see *Fee Table* and *Charges and Adjustments*) | **FEES, EXPENSES, AND ADJUSTMENTS**<br> (see *Fee Table* and *Charges and Adjustments*) |
| **Are There Charges or** <br> **Adjustments for Early** <br> **Withdrawals?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● If the Contract Owner withdraws money from the contract within 7 years following his/her <br> last purchase payment, a Contingent Deferred Sales Charge (or "CDSC") may apply <br> (see *Contingent Deferred Sales Charge*). The CDSC will not exceed 7% of the amount <br> of purchase payments withdrawn, declining to 0% over 7 years.<br> For example, for a contract with a $100,000 investment, a withdrawal taken during the <br> CDSC period could result in a CDSC of up to $7,000. This loss will be greater if there is <br> a negative market value adjustment, taxes or tax penalties.<br> ● If you withdraw money from a Guaranteed Term Option prior to its maturity date, you will <br> be assessed a market value adjustment, which may be negative (see *Guaranteed Term* <br> *Options*). The application of the market value adjustment could result in a loss. In <br> extreme circumstances such losses could be as high as 100% of the amount withdrawn.<br> For example, for a contract with a $100,000 investment, a withdrawal taken prior to the <br> Guaranteed Term Option's maturity date could result in a market value adjustment of up <br> to $100,000. This loss will be greater if there is a CDSC, taxes, or tax penalties. |
| **Are There Transaction** <br> **Charges?**<br>| &nbsp;&nbsp; **Yes.** Nationwide also charges a loan processing fee at the time each new loan is <br> processed (see *Loan Privilege*). |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; **Yes.** The table below describes the fees and expenses that you may pay *each year*, <br> depending on the investment options and optional benefits chosen. Please refer to your <br> contract specifications page for information about the specific fees you will pay each year <br> based on the options you have elected. |
| **Are There Ongoing Fees** <br> **and Expenses?** | **Annual Fee** |
| **Are There Ongoing Fees** <br> **and Expenses?** | Base Contract<br>0.95%<sup>1</sup> <br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | Underlying mutual fund fees and expenses<br>0.31%<sup>2</sup><br>1.90%<sup>2</sup> |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; Optional benefits available for an additional <br> charge (for a single optional benefit, if elected)<br>0.05%<sup>1</sup> <br>0.50%<sup>1</sup> <br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; <sup>1</sup> As a percentage of Daily Net Assets.<br> <sup>2</sup> As a percentage of underlying mutual fund net assets. |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; Because each contract is customizable, the options elected affect how much each <br> Contract Owner will pay. To help you understand the cost of owning the contract, the <br> following table shows the lowest and highest cost a Contract Owner could pay *each year*, <br> based on current charges. This estimate assumes that no withdrawals are taken from the <br> contract, **which could add a CDSC and a negative market value adjustment that** <br> **substantially increase costs**. |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; **Lowest Annual Cost Estimate:**<br> **$1,190.91**<br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp;&nbsp; Assumes:<br> ● Investment of $100,000<br> ● 5% annual appreciation<br> ● Least expensive underlying mutual fund fees <br> and expenses<br> ● No optional benefits<br> ● No CDSC<br> ● No additional purchase payments, transfers or <br> withdrawals<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Is There a Risk of Loss** <br> **from Poor Performance?**<br>| &nbsp;&nbsp; **Yes.** Contract Owners of variable annuities can lose money by investing in the contract, <br> including loss of principal (see *Principal Risks*).<br>|

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| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Is this a Short-Term** <br> **Investment?**<br>| &nbsp;&nbsp;&nbsp; **No.**<br> ● The contract is not a short-term investment and is not appropriate for an investor who <br> needs ready access to cash. Nationwide has designed the contract to offer features, <br> pricing, and investment options that encourage long-term ownership (see *Principal* <br> *Risks*).<br> ● A CDSC may apply for up to 7 years following the last purchase payment and could <br> reduce the value of the contract if purchase payments are withdrawn during that time <br> (see *Contingent Deferred Sales Charge*). All or a portion of any withdrawal may be <br> subject to taxes and tax penalties. The benefits of tax deferral also means that the <br> contract is more beneficial to investors with a long time horizon (see *Principal Risks*).<br> ● Amounts removed from a Guaranteed Term Option prior to its maturity date may also <br> result in a negative market value adjustment.<br> ● For amounts allocated to a Guaranteed Term Option, at the end of each maturity date, <br> the Contract Value will be reallocated to available investment options according to the <br> Contract Owner's instructions. If no direction is received by Nationwide prior to the <br> maturity date, all amounts in that Guaranteed Term Option will be transferred to the <br> available money market Sub-Account.<br> ● For amounts allocated to the Fixed Account at the end of an interest rate guarantee <br> period, such amounts will be reallocated among the contract's available investment <br> options in accordance with the Contract Owner's reallocation instructions, subject to any <br> applicable limitations. In the absence of instructions, such amounts will remain invested <br> in the Fixed Account for another interest rate guarantee period at the applicable <br> Renewal Rate (see *The Fixed Account* and *Transfers Prior to Annuitization*).<br>|
| **What Are the Risks** <br> **Associated with the** <br> **Investment Options?**<br>| &nbsp;&nbsp;&nbsp; ● Investment in this contract is subject to the risk of poor investment performance. <br> Investment experience can vary depending on the investment options selected by the <br> Contract Owner.<br> ● Each investment option (including the Fixed Account and Guaranteed Term Options) has <br> its own unique risks.<br> ● Review the prospectuses and disclosures for the investment options before making an <br> investment decision.<br> See *Principal Risks.*<br>|
| **What Are the Risks** <br> **Related to the Insurance** <br> **Company?**<br>| &nbsp;&nbsp; Investment in the contract is subject to the risks associated with Nationwide, including that <br> any obligations (including interest payable for allocations to the Fixed Account and <br> Guaranteed Term Options), guarantees, or benefits are subject to the claims-paying ability <br> of Nationwide. More information about Nationwide, including its financial strength ratings, <br> is available by contacting Nationwide at the address and/or toll-free phone number <br> indicated in *Contacting the Service Center* (see *Principal Risks*).<br>|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There Restrictions** <br> **on the Investment** <br> **Options?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● Nationwide reserves the right to add, remove, and substitute investment options <br> available under the contract (see *The Sub-Accounts and Underlying Mutual Funds*).<br> ● Allocations to the Fixed Account may not be transferred to another investment option <br> except at the end of a Fixed Account interest rate guarantee period (see *The Fixed* <br> *Account).*<br> ● Allocations to the Guaranteed Term Options that are transferred to another investment <br> option prior to maturity are subject to a market value adjustment (see *Guaranteed Term* <br> *Options*).<br> ● Allocations to the Guaranteed Term Options may not be transferred to another available <br> investment option during the Capital Preservation Plus program period (see *Capital* <br> *Preservation Plus Option*).<br> ● Not all investment options may be available under your contract (see *Appendix A:* <br> *Investment Options Available Under the Contract*).<br> ● Transfers between Sub-Accounts are subject to policies designed to deter short-term <br> and excessively frequent transfers. Nationwide may restrict the form in which transfer <br> requests will be accepted (see *Transfer Restrictions*).<br> ● The availability of investment options may vary depending on the broker-dealer through <br> which the contract is sold (see *Appendix H: Financial Intermediary Variations*).<br>|

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| | |
|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There any** <br> **Restrictions on Contract** <br> **Benefits?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● Certain optional benefits limit or restrict the investment options available for investment.<br> ● Nationwide reserves the right to discontinue offering any optional benefit. Such a <br> discontinuance will only apply to new contracts and will not impact any contracts already <br> in force.<br> ● The availability of contract benefits may vary depending on the broker-dealer through <br> which the contract is sold (see *Appendix H: Financial Intermediary Variations*).<br> See *Benefits Under the Contract.*<br>|
| **TAXES** | **TAXES** |
| **What Are the Contract's** <br> **Tax Implications?**<br>| &nbsp;&nbsp;&nbsp; ● Consult with a tax professional to determine the tax implications of an investment in and <br> payments received under this contract.<br> ● If the contract is purchased through a tax-qualified plan or IRA, there is no additional tax <br> deferral.<br> ● Earnings in the contract are taxed at ordinary income tax rates at the time of <br> withdrawals and there may be a tax penalty if withdrawals are taken before the Contract <br> Owner reaches age 59½.<br> See *Appendix B: Contract Types and Tax Information.*<br>|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| **How Are Investment** <br> **Professionals** <br> **Compensated?**<br>| &nbsp;&nbsp; Some financial professionals receive compensation for selling the contract. Compensation <br> can take the form of commissions and other indirect compensation in that Nationwide may <br> share the revenue it earns on this contract with the financial professional's firm. This <br> conflict of interest may influence a financial professional, as these financial professionals <br> may have a financial incentive to offer or recommend this contract over another investment <br> (see *Distribution, Promotional, and Sales Expenses).*<br>|
| **Should I Exchange My** <br> **Contract?**<br>| &nbsp;&nbsp; Some financial professionals may have a financial incentive to offer an investor a new <br> contract in place of the one he/she already owns. An investor should only exchange his/her <br> contract if he/she determines, after comparing the features, fees, and risks of both <br> contracts, and any fees or penalties to terminate the existing contract, that it is preferable <br> for him/her to purchase the new contract, rather than to continue to own the existing one <br> (see *Replacements* and *Distribution, Promotional, and Sales Expenses*).<br>|

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**Fee Table** 

**The following tables describe the fees, expenses, and adjustments that a Contract Owner will pay when buying, owning, and surrendering or making withdrawals from an investment option or from the contract. Please refer to the contract specifications page for information about the specific fees the Contract Owner will pay each year based on the options elected.** 

**The first table describes the fees and expenses a Contract Owner will pay at the time the Contract Owner buys the contract, surrenders or makes withdrawals from an investment option or from the contract, or transfers Contract Value between investment options. State premium taxes may also be deducted.** 

---

| | |
|:---|:---|
| **Transaction Expenses** | **Transaction Expenses** |
| **Maximum Contingent Deferred Sales Charge** ("CDSC") (as a percentage of purchase payments surrendered) | 7% |

---

Range of CDSC over time:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of** <br> **Purchase Payment**<br>| **0** | **1** | **2** | **3** | **4** | **5** | **6** | **7** |
| **CDSC Percentage** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **6%** | &nbsp;&nbsp; **5%** | &nbsp;&nbsp; **4%** | &nbsp;&nbsp; **3%** | &nbsp;&nbsp; **2%** | &nbsp;&nbsp; **0%** |

---

Some state jurisdictions require a lower CDSC schedule. Refer to your contract for state specific information.

---

| | |
|:---|:---|
| **Loan Processing Fee** | $25<sup>1</sup> <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**The next table describes the adjustments, in addition to any transaction expenses, that apply if all or a portion of the Contract Value is removed from an investment option or from the contract before the expiration of a specified period.** 

---

| | |
|:---|:---|
| **Adjustments** | **Adjustments** |
| **Market Value Adjustment Maximum Potential Loss**<sup>1</sup> (as a percentage of the Contract Value) | 100% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> A market value adjust applies to any withdrawal or transfer from a Guaranteed Term Option prior to its maturity date, including to annuitize the contract. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit.

**The next table describes the fees and expenses that a Contract Owner will pay *each year* during the time that the Contract Owner owns the contract (not including underlying mutual fund fees and expenses). If an optional benefit is elected, an additional charge will be assessed, as shown below** 

---

| | |
|:---|:---|
| **Annual Contract Expenses** | **Annual Contract Expenses** |
| **Annual Loan Interest Charge** (assessed as a reduction to the credited interest rate) | 2.25%<sup>2</sup> <br>|
| **Base Contract Expenses**<sup>3</sup> (assessed as an annualized percentage of Daily Net Assets)  | 0.95% |
| **Optional Benefit Expenses**<sup>4</sup> (assessed as an annualized percentage of Daily Net Assets) |  |
| **Reduced Purchase Payment Option Charge** | 0.25%<sup>5</sup> <br>|
| **Five Year CDSC Option Charge** | 0.15%<sup>6</sup> <br>|
| **CDSC Waiver Options** |  |
| **Additional Withdrawal Without Charge and Disability Waiver Charge** | 0.10%<sup>7</sup> <br>|
| **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** |  |
| &nbsp;&nbsp; **One-Year Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection** <br> **Option Charge**<sup>8</sup> (available beginning January 2, 2001 or a later date if state law requires)<br>| 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **One-Year Step Up Death Benefit Option Charge**<sup>9</sup> (available until state approval is received for the One-Year <br> Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection Option)<br>| 0.05% |
| &nbsp;&nbsp; **Greater of One-Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and** <br> **Spousal Protection Option Charge**<sup>10</sup> (available beginning January 2, 2001 or a later date if state law requires)<br>| 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **5% Enhanced Death Benefit Option Charge**<sup>11</sup> (available until state approval is received for the Greater of One-<br> Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection <br> Option)<br>| 0.10% |
| **Guaranteed Minimum Income Benefit Options** (no longer available) |  |
| **Guaranteed Minimum Income Benefit Option 1 Charge** | 0.45% |

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| | |
|:---|:---|
| **Annual Contract Expenses** | **Annual Contract Expenses** |
| **Guaranteed Minimum Income Benefit Option 2 Charge** | &nbsp;&nbsp; 0.30% |
| **Extra Value Option Charge** | 0.45%<sup>12</sup> <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account and the <br> Guaranteed Term Options for the first 7 Contract Years will be assessed a fee of 0.45%.<br>|  |
| **Beneficiary Protector Option Charge**<sup>13</sup> | &nbsp;&nbsp; 0.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account or to the <br> Guaranteed Term Options will be assessed a fee of 0.40%.<br>|  |
| **Capital Preservation Plus Option Charge** | 0.50%<sup>14</sup> <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Guaranteed Term <br> Options or Target Term Options will be assessed a fee of 0.50%.<br>|  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup>

Nationwide assesses a Loan Processing Fee at the time each new loan is processed. Loans are only available for contracts issued as Tax Sheltered Annuities.

<sup>2</sup>

The loan interest rate is determined, based on market conditions, at the time of loan application or issuance. The loan balance in the collateral Fixed Account is credited with interest at 2.25% less than the loan interest rate. Thus, the net loan interest charge is 2.25%, which is applied against the outstanding balance.

<sup>3</sup>

Throughout this prospectus, the Base Contract Expenses will be referred to as Mortality and Expense Risk Charge.

<sup>4</sup>

Unless otherwise indicated, charges for optional benefits are only assessed prior to the Annuitization Date (see *Charges and Adjustments*).

<sup>5</sup>

If this option is elected, Nationwide will lower an applicant's minimum initial purchase payment to $1,000 and subsequent purchase payments to $25. This option is not available to contracts issued as Investment-Only Contracts.

<sup>6</sup>

Range of Five Year CDSC over time:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5** |
| **CDSC Percentage** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **6%** | &nbsp;&nbsp; **4%** | &nbsp;&nbsp; **2%** | &nbsp;&nbsp; **0%** |

---

For contracts issued in the State of New York, this option is available only for contracts issued as Roth IRAs and is not available when the Extra Value Option is elected.

<sup>7</sup>

If this option is elected, the applicant will receive an additional 5% CDSC-free withdrawal privilege, which also includes a disability waiver. This 5% is in addition to the standard 10% CDSC-free withdrawal privilege that applies to every contract.

<sup>8</sup>

This option may not be elected with another death benefit option.

<sup>9</sup>

This option may be elected alone or along with the 5% Enhanced Death Benefit Option. If both options are elected, the death benefit will be the greater of the two options.

<sup>10</sup>

This option may not be elected with another death benefit option.

<sup>11</sup>

This option may be elected alone or along with One-Year Step Up Death Benefit Option. If both options are elected, the death benefit will be the greater of the two options.

<sup>12</sup>

Nationwide will discontinue deducting the charge associated with the Extra Value Option seven years from the date the contract was issued. Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Contract Owner elects or has elected the Extra Value Option.

<sup>13</sup>

The Beneficiary Protector Option is available for contracts with Annuitants age 70 or younger at the time the option is elected.

<sup>14</sup>

The Capital Preservation Plus Option may only be elected at the time of application. Nationwide will discontinue deducting the charges associated with the Capital Preservation Plus Option at the end of the Guaranteed Term Option/Target Term Option that corresponds to the end of the program period elected by the Contract Owner.

**The next item shows the minimum and maximum total operating expenses charged by the underlying mutual funds that the Contract Owner may pay periodically during the life of the contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of the underlying mutual funds available under the contract, including their annual expenses, may be found in *Appendix A: Investment Options Available Under the Contract*.** 

---

| | | |
|:---|:---|:---|
| **Annual Underlying Mutual Fund Expenses** | **Annual Underlying Mutual Fund Expenses** | **Annual Underlying Mutual Fund Expenses** |
|  | **Minimum** | **Maximum** |
| (Expenses that are deducted from underlying mutual fund assets, including <br> management fees, distribution and/or service (12b-1) fees, and other expenses, as a <br> percentage of average underlying mutual fund net assets.)<br>| 0.31% | 1.90% |

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**Example** 

**This Example is intended to help Contract Owners compare the cost of investing in the Sub-Accounts with the cost of investing in other annuity contracts that offer variable investment options. These costs include transaction expenses, annual contract expenses, and annual underlying mutual fund expenses. This Example assumes all Contract Value is allocated to the Sub-Accounts. Costs could differ from those shown below if Contract Value is allocated to the Fixed Account and/or a Guaranteed Term Option.** 

The Example assumes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a $100,000 investment in the contract for the time periods indicated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a 5% return each year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the seven year CDSC schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no market value adjustment is assessed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the maximum and the minimum fees and expenses of any of the underlying mutual funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable Account charges that reflect the most expensive combination of optional benefits available for an additional charge (3.65%). Specifically:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reduced Purchase Payment Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Five Year CDSC Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Additional Withdrawal Without Charge and Disability Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10 Year and Disability Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hardship Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Greater of One-Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guaranteed Minimum Income Benefit Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Extra Value Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Beneficiary Protector Option, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Capital Preservation Plus Option

Although your actual costs may be higher or lower, based on these assumptions, your costs would be.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** |
|  | **1 Yr.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** | **1 Yr.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** |
| &nbsp;&nbsp;&nbsp; Maximum <br> Annual <br> Underlying <br> Mutual Fund <br> Expenses <br> (1.90%)<br>| &nbsp;&nbsp; $12828 | &nbsp;&nbsp; $22338 | &nbsp;&nbsp; $31659 | &nbsp;&nbsp; $56152<br> &nbsp;&nbsp; \* | &nbsp;&nbsp; $17338 | &nbsp;&nbsp; $28659 | &nbsp;&nbsp; $56152 | &nbsp;&nbsp; $5828 | &nbsp;&nbsp; $17338 | &nbsp;&nbsp; $28659 | &nbsp;&nbsp; $56152 |
| &nbsp;&nbsp;&nbsp; Minimum <br> Annual <br> Underlying <br> Mutual Fund <br> Expenses <br> (0.31%)<br>| &nbsp;&nbsp; $11158 | &nbsp;&nbsp; $17579 | &nbsp;&nbsp; $24143 | &nbsp;&nbsp; $43191<br> &nbsp;&nbsp; \* | &nbsp;&nbsp; $12579 | &nbsp;&nbsp; $21143 | &nbsp;&nbsp; $43191 | &nbsp;&nbsp; $4158 | &nbsp;&nbsp; $12579 | &nbsp;&nbsp; $21143 | &nbsp;&nbsp; $43191 |

---

\*

The contracts sold under this prospectus do not permit annuitization during the first two Contract Years.

**Principal Risks** 

Contract Owners should be aware of the following risks associated with owning the contract:

------

**Risk of loss.** The Sub-Accounts invest in underlying mutual funds. Underlying mutual funds are variable investments, meaning their value will increase or decrease based on the performance of their portfolio holdings. Poor underlying mutual fund performance can result in a loss of Contract Value and/or principal.

**Not a short-term investment.** In general, deferred variable annuities are long-term investments; they are not suitable as short-term savings vehicles. Nationwide has designed the contract to offer features, pricing, and investment options that encourage long-term ownership. Specifically:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A Contract Owner who takes withdrawals from the contract within seven years of purchasing the contract or making a purchase payment could be subject to a CDSC, which in the short-term will reduce Contract Value or the amount payable to you, and in the long-term will reduce the ability of the Contract Value to grow over time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A Contract Owner who takes withdrawals from the contract before reaching age 59 1/2 could be subject to tax penalties that are mandated by the federal tax laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A withdrawal or transfer from a GTO prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

**Investment option availability.** Nationwide reserves the right to change the Sub-Accounts available under the contract, including adding new Sub-Accounts, and discontinuing availability of Sub-Accounts. Nationwide reserves the right to limit or refuse purchase payments and/or transfers allocated to the Fixed Account at its sole discretion. Nationwide also reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guarantee period. Decisions to make such changes are at Nationwide's discretion but will be in accordance with Nationwide's internal policies and procedures relating to such matters. Any changes to the availability of investment options may be subject to regulatory approval and notice will be provided.

**Investment option restrictions.** Certain options available under the contract impose restrictions on which investment options are available for investment and/or the portion of total Contract Value that is permitted to be allocated to certain investment options. These restrictions are imposed by Nationwide and depend on each investment option's risk characteristics. The permitted investment options are more conservative than those that are not permitted. This helps Nationwide manage its obligation to provide the Contract Owners with guarantees. By electing an optional benefit and accepting the limited menu of investment options, Contract Owners may be foregoing investment gains that could otherwise be realized by investing in riskier investment options that are not available under the optional benefit.

**Purchase payment restrictions.** A Contract Owner's ability to make subsequent purchase payments is subject to limitations under the contract, and may be subject to additional limitations under an optional benefit. Restrictions on subsequent purchase payments may limit a Contract Owner's ability to increase the value of the contract and its benefits through additional investments.

**Extra Value Option risk.** Certain optional benefits apply bonus credits to the contract. The bonus credits increase Contract Value which will increase the total dollar amount of fees that Nationwide collects. Nationwide may make a profit from the additional charges and over time, the benefit of the bonus credits could be more than offset by the additional charges assessed to the contract. Additionally, the recapture of the bonus credits (in the event of a withdrawal) could exceed any benefit of receiving the bonus credits.

**Active trading.** Neither the contracts described in this prospectus nor the underlying mutual funds are designed to support active trading strategies that require frequent movement between or among Sub-Accounts. Nationwide discourages (and will take action to deter) short-term trading in this contract because the frequent movement between or among Sub-Accounts may negatively impact other investors in the contract. In certain circumstances, to address active trading, Nationwide may require transfer requests to be submitted via U.S. mail. Additionally, underlying mutual funds are required to take certain actions in order to protect shareholders from negative impacts of short-term trading, which may include requiring Nationwide to prohibit particular Contract Owners from investing in a Sub-Account that invests in the impacted underlying mutual fund.

**Financial strength.** Contractual guarantees that exceed the value of the assets in the Variable Account (including death benefit guarantees that exceed the Contract Value and interest credited to Fixed Account and Guaranteed Term Option allocations are paid from Nationwide's general account, which is subject to Nationwide's financial strength and claims-paying ability. If Nationwide experiences financial distress, it may not be able to meet its obligations.

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**Regulatory risk.** The contract is governed by various state and federal laws and regulations, which are subject to change. Those changes could require Nationwide to make changes to the contract that alter the nature or value of certain benefits. Additionally, changes to the tax laws or regulations could limit or eliminate the tax benefits of the contract, resulting in greater tax liability or less earnings.

**Cybersecurity**. Nationwide's businesses are highly dependent upon its computer systems and those of its business partners and service providers. This makes Nationwide potentially susceptible to operational and information security risks resulting from a cybersecurity incident. These risks include direct risks, such as theft, misuse, corruption, and destruction of data maintained by Nationwide, and indirect risks, such as denial of service, attacks on systems or websites and other operational disruptions that could severely impede Nationwide's ability to conduct its businesses or administer the contract (e.g., calculate unit values or process transactions).

Financial services companies and their third-party service providers are increasingly the targets of cyber-attacks. The techniques used to attack systems and networks change frequently and are becoming more sophisticated, including through the use of artificial intelligence (AI) and AI-powered tools.

Cyber-attacks affecting Nationwide, the underlying mutual funds, intermediaries, and other service providers may adversely affect Nationwide and contract values. Cybersecurity risks may also impact the issuers of securities in which the underlying mutual funds invest, which may cause the underlying mutual funds to lose value. Although Nationwide undertakes substantial efforts to protect its computer systems from cyber-attacks, there can be no guarantee that Nationwide, its service providers, intermediaries, or the underlying mutual funds will be able to avoid or readily detect cybersecurity incidents affecting Contract Owners in the future.

In the event that contract administration or contract values are adversely affected as a result of a failure of Nationwide's cybersecurity controls, Nationwide will take reasonable steps to take corrective action and restore Contract Values to the levels that they would have been had the cybersecurity incident not occurred. Nationwide will not, however, be responsible for any adverse impact to contracts or contract values that result from the Contract Owner or its designee's negligent acts or failure to use reasonably appropriate safeguards to protect against cyber-attacks or to protect personal information.

**Business continuity risks.** Nationwide is exposed to risks related to natural and man-made disasters, such as storms, fires, earthquakes, public health crises, geopolitical disputes, military actions, and terrorist acts, which could adversely affect Nationwide's ability to administer the contract. Nationwide has adopted business continuity policies and procedures that may be implemented in the event of a natural or man-made disaster, but such business continuity plans may not operate as intended or fully mitigate the operational risks associated with such disasters.

Nationwide outsources certain critical business functions to third parties and, in the event of a natural or man-made disaster, relies upon the successful implementation and execution of the business continuity planning of such entities. While Nationwide closely monitors the business continuity activities of these third parties, successful implementation and execution of their business continuity strategies are largely beyond Nationwide's control. If one or more of the third parties to whom Nationwide outsources such critical business functions experience operational failures, Nationwide's ability to administer the contract could be impaired.

**Nationwide and the Variable Account** 

The contract is issued by Nationwide, with its home office at One Nationwide Plaza, Columbus, Ohio 43215. Nationwide Variable Account-9 is a separate account of Nationwide that invests in the underlying mutual funds listed in *Appendix A: Investment Options Available Under the Contract*. Income, gains, and losses credited to or charged against the Variable Account reflect the Variable Account's own investment experience and not the investment experience of Nationwide's other assets. The Variable Account's assets are held separately from General Account assets and may not be used to pay any liabilities of Nationwide other than those arising from the contract or other contracts supported by the Variable Account. The Variable Account is divided into Sub-Accounts, each of which invests in shares of a single underlying mutual fund.

Nationwide is obligated to pay all amounts promised to investors under the contracts. All guarantees under the contract are subject to Nationwide's creditworthiness and claims-paying ability.

The contracts are distributed by the general distributor, Nationwide Investment Services Corporation ("NISC"), One Nationwide Plaza, Columbus, Ohio 43215. NISC is a wholly-owned subsidiary of Nationwide.

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**Investment Options**

**The Sub-Accounts and Underlying Mutual Funds** 

Contract Value allocated to a Sub-Account will vary based on the investment experience of the corresponding underlying mutual fund in which the Sub-Account invests. There is a risk of loss of the entire amount invested.

The Contract Owner can allocate Contract Value to Sub-Accounts of the Variable Account, subject to conditions in the contract and underlying mutual funds. Each Sub-Account invests in shares of a single underlying mutual fund. Nationwide uses the assets of each Sub-Account to buy shares of the underlying mutual funds based on Contract Owner instructions. Nationwide buys and sells the mutual fund shares at their respective net asset value (NAV). Any dividends and distributions from a mutual fund are reinvested at NAV in shares of that mutual fund.

Information about each underlying mutual fund, including its name, type, adviser and subadviser (if applicable), current expenses, and performance, is available in *Appendix A: Investment Options Available Under the Contract*. Each underlying mutual fund issues its own prospectus that contains more detailed information about the underlying mutual fund. **Contract Owners can obtain prospectuses for underlying mutual funds free of charge at any time by visiting the website listed in *Appendix A: Investment Options Available Under the Contract* or contacting the Service Center (see *Contacting the Service Center*). Contract Owners should read these prospectuses carefully before investing.**

*Underlying mutual funds in the Variable Account are NOT publicly available mutual funds.* They are only available as investment options in variable life insurance policies or variable annuity contracts issued by life insurance companies, or in some cases, through participation in certain qualified pension or retirement plans.

The investment advisers of the underlying mutual funds may manage publicly available mutual funds with similar names and investment objectives. However, the underlying mutual funds are NOT the same as any publicly available mutual fund. Contract Owners should not compare the performance of a publicly available fund with the performance of underlying mutual funds participating in the Variable Account. The performance of the underlying mutual funds could differ substantially from that of any publicly available funds.

The particular underlying mutual funds available under the contract may change from time to time. Specifically, underlying mutual funds or underlying mutual fund share classes that are currently available may be removed or closed off to future investment. New underlying mutual funds or new share classes of currently available underlying mutual funds may be added. Contract Owners will receive notice of any such changes that affect their contract. The underlying mutual funds, which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreements and discontinue offering their shares to the Sub-Accounts.

In the future, additional underlying mutual funds managed by certain financial institutions, brokerage firms, or their affiliates may be added to the Variable Account. These additional underlying mutual funds may be offered exclusively to purchasing customers of the particular financial institution or brokerage firm, or through other exclusive distribution arrangements.

***Voting Rights*** 

Contract Owners are not shareholders of the underlying mutual funds in which the Sub-Accounts invest; however, Contract Owners with assets allocated to Sub-Accounts are entitled to certain voting rights. Nationwide will vote underlying mutual fund shares at shareholder meetings based on Contract Owner instructions and the instructions of owners of other contracts supported by the Variable Account. However, if the law changes and Nationwide is allowed to vote in its own right, it may elect to do so.

Contract Owners with voting interests in an underlying mutual fund will be notified of issues requiring shareholder vote as soon as possible before the shareholder meeting. Notification will contain proxy materials and a form with which to give Nationwide voting instructions. Nationwide will vote shares for which no instructions are received in the same proportion as those that are received. What this means is that when only a small number of Contract Owners vote, each vote has a greater impact on, and may control, the outcome.

The number of shares which a Contract Owner may vote is determined by dividing the cash value of the amount they have allocated to an underlying mutual fund by the Net Asset Value of that underlying mutual fund (as of a date set by the underlying mutual fund).

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***Material Conflicts*** 

The underlying mutual funds may be offered through separate accounts of other insurance companies, as well as through other separate accounts of Nationwide. Nationwide does not anticipate any disadvantages to this. However, it is possible that a conflict may arise between the interests of the Variable Account and one or more of the other separate accounts in which these underlying mutual funds participate.

Material conflicts may occur due to a change in law affecting the operations of variable life insurance policies and variable annuity contracts, or differences in the voting instructions of the Contract Owners and those of other companies. If a material conflict occurs, Nationwide will take whatever steps are necessary to protect Contract Owners and variable annuity payees, including withdrawal of the Variable Account from participation in the underlying mutual fund(s) involved in the conflict.

***Substitution of Securities*** 

Nationwide may substitute shares of another underlying mutual fund for shares already purchased or to be purchased in the future if either of the following occurs:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) shares of a current underlying mutual fund are no longer available for investment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) further investment in an underlying mutual fund is inappropriate.

Nationwide will not substitute shares of any underlying mutual fund in which the Sub-Accounts invest without any necessary prior approval of the appropriate state or federal regulatory authorities. All affected Contract Owners will be notified in the event there is a substitution, elimination, or combination of shares.

The substitute underlying mutual fund may have different fees and expenses. Substitution may be made with respect to existing investments or the investment of future purchase payments, or both. Nationwide may close Sub-Accounts to allocations of purchase payments or Contract Value, or both, at any time in its sole discretion. The underlying mutual funds, which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreements and discontinue offering their shares to the Sub-Accounts.

***Deregistration of the Variable Account*** 

Nationwide may deregister the Variable Account under the 1940 Act in the event the Variable Account meets an exemption from registration under the 1940 Act, if there are no outstanding contracts supported by the Variable Account, or for any other purpose approved by the SEC.

No deregistration may take place without the prior approval of the SEC. All affected Contract Owners will be notified in the event Nationwide deregisters the Variable Account. If the Variable Account is deregistered, Nationwide's contractual obligations to the Contract Owner will continue.

**The Fixed Account** 

The Contract Owner can allocate Contract Value to the Fixed Account, subject to conditions imposed by the contract. The Fixed Account is an investment option that is funded by assets of Nationwide's General Account. The General Account contains all of Nationwide's assets other than those in the Variable Account and other Nationwide separate accounts and is used to support Nationwide's annuity and insurance obligations. The General Account is not subject to the same laws as the Variable Account.

Information regarding the Fixed Account, including (i) its name; (ii) interest rate guarantee period; and (iii) its minimum guaranteed interest rate, is available in *Appendix A: Investment Options Available Under the Contract.* 

Purchase payments will be allocated to the Fixed Account by election of the Contract Owner. Nationwide reserves the right to limit or refuse purchase payments and/or transfers allocated to the Fixed Account at its sole discretion. Generally, Nationwide will invoke this right when interest rates are low by historical standards. Nationwide also reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guaranteed period. State law requires Nationwide to reserve the right to postpone payment or transfer out of the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request. The Fixed Account may not be available in every state.

Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Extra Value Option is elected. These restrictions may be imposed at Nationwide's sole discretion when economic conditions are such that Nationwide is unable to recoup the cost of providing the up-front Extra Value Option credits.

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The investment income earned by the Fixed Account will be allocated to the contracts at varying guaranteed interest rate(s) depending on the following categories of Fixed Account allocations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New Money Rate – The rate credited on the Fixed Account allocation when the contract is purchased or when subsequent purchase payments are made. Subsequent purchase payments may receive different New Money Rates than the rate when the contract was issued, since the New Money Rate is subject to change based on market conditions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable Account to Fixed Rate – Allocations transferred from any of the Sub-Accounts to the Fixed Account may receive a different rate. The rate may be lower than the New Money Rate. There may be limits on the amount and frequency of movements from the Sub-Accounts to the Fixed Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Renewal Rate – The rate available for maturing Fixed Account allocations which are entering a new guarantee period. The Contract Owner will be notified of this rate in a letter issued with the quarterly statements when a Contract Owner's Fixed Account allocation matures. At that time, the Contract Owner will have an opportunity to leave the money in the Fixed Account and receive the Renewal Rate or the Contract Owner can move the money to any of the other investment options. If no instruction is received by Nationwide, the Contract Owner will remain invested in the Fixed Account and will receive the Renewal Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Dollar Cost Averaging Rate – From time to time, Nationwide may offer a more favorable rate for an initial purchase payment into a new contract when used in conjunction with a Dollar Cost Averaging program. Rates will vary depending on the Dollar Cost Averaging program elected (see *Contract Owner Services*).

All of these rates are subject to change on a daily basis; however, once applied to the Fixed Account, the interest rates are guaranteed until the end of the calendar quarter during which the 12-month anniversary of the Fixed Account allocation occurs.

Credited interest rates are annualized rates – the effective yield of interest over a one-year period. Interest is credited to each contract on a daily basis. As a result, the credited interest rate is compounded daily to achieve the stated effective yield.

The guaranteed rate for any purchase payment will be effective for not less than 12 months. Nationwide guarantees that the rate will not be less than 1.50% per year. Contracts may be subject to a higher minimum guaranteed interest rate based on the date the contract was issued and/or state of issue. Any interest in excess of the minimum interest rate will be credited to Fixed Account allocations at Nationwide's sole discretion.

Nationwide guarantees that the value of Fixed Account allocations will not be less than the amount of the purchase payments and Extra Value Option credits allocated to the Fixed Account, plus interest credited as described above, less any withdrawals, Extra Value Option credits recaptured, and any applicable charges including CDSC.

***Fixed Account Interest Rate Guarantee Period*** 

The Fixed Account interest rate guarantee period is the period of time that the Fixed Account interest rate is guaranteed to remain the same. During a Fixed Account interest rate guarantee period, transfers cannot be made from the Fixed Account, and amounts transferred to the Fixed Account must remain on deposit.

For new purchase payments allocated to the Fixed Account and transfers to the Fixed Account, the Fixed Account interest rate guarantee period begins on the date of deposit or transfer and ends on the one-year anniversary of the deposit or transfer. The guaranteed interest rate period may last for up to three months beyond the one-year anniversary because guaranteed terms end on the last day of a calendar quarter.

***Fixed Account Charges Assessed for Certain Optional Benefits*** 

All interest rates credited to the Fixed Account will be determined as previously described. However, for contracts with certain optional benefits elected, a charge is assessed to assets allocated to the Fixed Account by reducing the interest crediting rate. Consequently, the charge assessed for the optional benefit will result in a lower credited interest rate (reduced by the amount of the charge).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Beneficiary Protector Option has a Fixed Account charge equal to 0.40%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Extra Value Option has a Fixed Account charge equal to 0.45% for the first seven Contract Years.

Even if the credited interest rate is reduced by an optional benefit charge, Nationwide guarantees that the interest rate credited to any assets in the Fixed Account will never be less than the minimum interest rate.

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**Guaranteed Term Options** 

Guaranteed Term Options or GTOs are separate investment options under the contract. Effective May 1, 2025, GTOs are not available to receive new allocations, transfers, or renewals. The minimum amount that may be allocated to a GTO is $1,000. Allocations to a Guaranteed Term Option are held in a separate account, established by Nationwide pursuant to Ohio law, to aid in the reserving and accounting for Guaranteed Term Option obligations. The separate account's assets are held separately from Nationwide's other assets and are not chargeable with liabilities incurred in any other business of Nationwide. However, Nationwide's General Account assets are available for the purpose of meeting the guarantees of any Guaranteed Term Option, subject to Nationwide's claims-paying ability. A Guaranteed Term Option prospectus should be read along with this prospectus. Guaranteed Term Options may not be available in every state.

Guaranteed Term Options provide a guaranteed rate of interest over four different maturity durations: three (3), five (5), seven (7) or ten (10) years. **Note:** The guaranteed term may last for up to three months beyond the 3, 5, 7, or 10-year period since every guaranteed term will end on the final day of a calendar quarter.

For the duration selected, Nationwide will declare a guaranteed interest rate. The guaranteed interest rate will be credited to amounts allocated to the Guaranteed Term Option unless the Contract Owner takes a withdrawal from their GTO allocation before the maturity date. Nationwide guarantees that the guaranteed interest rate will not be less than 0.00% per year.

A withdrawal or transfer from a GTO prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. A market value adjustment can increase or decrease the amount withdrawn depending on fluctuations in constant maturity treasury rates. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred. No market value adjustment will be applied if Guaranteed Term Option allocations are held to maturity.

Because a market value adjustment can affect the value of a withdrawal, its effects should be carefully considered before surrendering or transferring from Guaranteed Term Options. Contact the Service Center for additional information on the GTOs.

Information regarding each Guaranteed Term Option, including (i) its name; (ii) interest rate guarantee period; and (iii) its minimum guaranteed interest rate, is available in *Appendix A: Investment Options Available Under the Contract*.

***Target Term Options*** 

Due to certain state requirements, in some states, Nationwide uses Target Term Options instead of Guaranteed Term Options in connection with the Capital Preservation Plus Option. Target Term Options are not available separate from the Capital Preservation Plus Option.

For all material purposes, Guaranteed Term Options and Target Term Options are the same. Target Term Options are managed and administered identically to Guaranteed Term Options. The distinction is that the interest rate associated with Target Term Options is not guaranteed as it is in Guaranteed Term Options. However, because the options are managed and administered identically, the result to the investor is the same.

All references in this prospectus to Guaranteed Term Options in connection with the Capital Preservation Plus Option will also mean Target Term Options (in applicable jurisdictions). Contact the Service Center for more information on the Guaranteed Term Options.

***GTO Charges Assessed for Certain Optional Benefits*** 

For contracts with certain optional benefits elected, a charge is assessed to assets allocated to the Guaranteed Term Options by reducing the guaranteed rate of return. Consequently, the charge assessed for the optional benefit will result in a lower guaranteed rate of return (reduced by the amount of the charge).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Extra Value Option has a GTO charge equal to 0.45% for the first seven Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Beneficiary Protector Option has a GTO charge equal to 0.40%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Capital Preservation Plus Option has a GTO charge equal to 0.50%.

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**Contacting the Service Center** 

All inquiries, paperwork, information requests, service requests, and transaction requests should be made to the Service Center:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by telephone at 1-800-848-6331 (TDD 1-800-238-3035)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by mail to P.O. Box 182021, Columbus, Ohio 43218-2021

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by fax at 1-888-634-4472

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by Internet at www.nationwide.com.

Nationwide reserves the right to restrict or remove the ability to submit service requests via Internet, phone, or fax upon written notice.

Not all methods of communication are available for all types of requests. To determine which methods are permitted for a particular request, refer to the specific transaction provision in this prospectus or call the Service Center. Requests submitted by means other than described in this prospectus could be returned or delayed.

Service and transaction requests will generally be processed on the Valuation Date they are received at the Service Center as long as the request is in good order, see *Operation of the Contract*. Good order generally means that all necessary information to process the request is complete and in a form acceptable to Nationwide. If a request is not in good order, Nationwide will take reasonable actions to obtain the information necessary to process the request. Requests that are not in good order may be delayed or returned. Nationwide reserves the right to process any purchase payment or withdrawal request sent to a location other than the Service Center on the Valuation Date it is received at the Service Center. On any day the post office is closed, Nationwide is unable to retrieve service and transaction requests that are submitted by mail. This will result in a delay of the delivery of those requests to the Service Center.

Nationwide will use reasonable procedures to confirm that instructions are genuine and will not be liable for following instructions that it reasonably determined to be genuine. Nationwide may record telephone requests. Telephone and computer systems may not always be available. Any telephone system or computer can experience outages or slowdowns for a variety of reasons. The outages or slowdowns could prevent or delay processing. Although Nationwide has taken precautions to support heavy use, it is still possible to incur an outage or delay. To avoid technical difficulties, submit transaction requests by mail.

**Charges and Adjustments**

**Mortality and Expense Risk Charge**

Nationwide deducts a Mortality and Expense Risk Charge equal to an annualized rate of 0.95% of the Daily Net Assets. The Mortality and Expense Risk Charge compensates Nationwide for providing the insurance benefits under the contract, including the contract's standard death benefit. It also compensates Nationwide for assuming the risk that Annuitants will live longer than assumed. Finally, the Mortality and Expense Risk Charge compensates Nationwide for guaranteeing that charges will not increase regardless of actual expenses. Nationwide may realize a profit from this charge.

**Contingent Deferred Sales Charge**

No sales charge deduction is made from purchase payments upon deposit into the contract. However, if any part of the contract is withdrawn, Nationwide may deduct a CDSC. The CDSC will not exceed 7% of purchase payments withdrawn.

The CDSC is calculated by multiplying the applicable CDSC percentage (noted in the following table) by the amount of purchase payments withdrawn. For purposes of calculating the CDSC, withdrawals are considered to come first from the oldest purchase payment made to the contract, then the next oldest purchase payment, and so forth. CDSC provisions vary by state. Refer to the contract for state specific information.

The CDSC applies as follows:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5** | **6** | **7+** |
| CDSC Percentage | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 5% | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 3% | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 0% |

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Earnings are not subject to the CDSC, but may not be distributed prior to the distribution of all purchase payments. (For tax purposes, a withdrawal is usually treated as a withdrawal of earnings first.)

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The CDSC is used to cover sales expenses, including commissions, production of sales material, and other promotional expenses. If expenses are greater than the CDSC, the shortfall will be made up from Nationwide's general assets, which may indirectly include portions of the Variable Account charges, since Nationwide may generate a profit from these charges.

All or a portion of any withdrawal may be subject to federal income taxes. Contract Owners taking withdrawals before age 59½ may be subject to a 10% penalty tax.

Additional purchase payments applied to the contract after receiving the benefit associated with the Spousal Protection Feature are subject to the CDSC provisions of the contract. However, no CDSC will apply to purchase payments applied to the contract before the death of the first spouse.

***Waiver of Contingent Deferred Sales Charge***

The maximum amount that can be withdrawn annually without a CDSC is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 10% of purchase payments that are still subject to CDSC (which is equal to the total purchase payments subject to CDSC minus purchase payments previously withdrawn that were subject to CDSC) ; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) any amount withdrawn to meet minimum distribution requirements for this contract under the Internal Revenue Code.

This CDSC-free withdrawal privilege is non-cumulative. Free amounts not taken during any given Contract Year cannot be taken as free amounts in a subsequent Contract Year.

**Note:** CDSC-free withdrawals do not count as "purchase payments previously withdrawn that were subject to CDSC" and, therefore, do not reduce the amount used to calculate subsequent CDSC-free withdrawal amounts.

In addition, no CDSC will be deducted:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) upon the annuitization of contracts which have been in force for at least two years;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) upon payment of a death benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) from any values which have been held under a contract for at least seven years (five years if the Five-Year CDSC is elected); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) if an optional death benefit is elected and the conditions described in the Long-Term Care/Nursing Home and Terminal Illness Waiver section are met.

No CDSC applies to transfers between or among the various investment options in the contract.

A contract held by a Charitable Remainder Trust (within the meaning of Internal Revenue Code Section 664) may withdraw the greater of (i) the amount available under the CDSC-free withdrawal privilege described above, and (ii) the difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Contract Value at the close of the day prior to the date of the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the total purchase payments made to the contract as of the date of the withdrawal (less an adjustment for amounts previously withdrawn).

The CDSC will not be eliminated if to do so would be unfairly discriminatory or prohibited by state law.

***Long-Term Care/Nursing Home and Terminal Illness Waiver***

The death benefit options (but not the standard death benefit) include a Long-Term Care/Nursing Home and Terminal Illness Waiver. This benefit may not be available in every state.

Under this provision, no CDSC will be charged if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the third Contract Anniversary has passed and the Contract Owner has been confined to a long-term care facility or hospital for a continuous 90-day period that began after the contract issue date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Contract Owner has been diagnosed by a physician at any time after contract issuance to have a terminal illness and Nationwide receives and records a letter from that physician indicating such diagnosis.

Written notice and proof of terminal illness or confinement for 90 days in a hospital or long-term care facility must be received in a form satisfactory to Nationwide and recorded at the Service Center prior to waiver of the CDSC.

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In the case of joint ownership, the waivers will apply if either joint owner meets the qualifications listed above.

For those contracts that have a non-natural person as Contract Owner as an agent for a natural person, the Annuitant may exercise the right of the Contract Owner for purposes described in this provision. If the non-natural Contract Owner does not own the contract as an agent for a natural person (e.g., the Contract Owner is a corporation or a trust for the benefit of an entity), the Annuitant may not exercise the rights described in this provision.

**Note:** The benefit associated with this feature is the waiver of CDSC under certain circumstances. This feature is not intended to provide or imply that the contract provides long-term care or nursing home insurance coverage.

**Premium Taxes**

Certain states or other governmental entities charge premium tax on purchase payments. Nationwide will charge against the Contract Value any premium taxes levied by a state or other government entity. Premium tax rates currently range from 0% to 3.5% and vary from state to state. The range is subject to change. Nationwide will assess premium taxes to the contract at the time Nationwide is assessed the premium taxes by the state. **Premium taxes may be deducted from death benefit proceeds.**

**Loan Processing Fee and Loan Interest Charge** 

Nationwide charges a Loan Processing Fee at the time each new loan is processed. The Loan Processing Fee will not exceed $25 per loan processed. This fee compensates Nationwide for expenses related to administering and processing loans. Some states may not allow Nationwide to assess a Loan Processing Fee. The fee is taken from all of the investment options in proportion to the Contract Value at the time the loan is processed.

Nationwide also assesses a loan interest charge, assessed as a reduction to the credited interest rate. The loan interest rate is determined, based on market conditions, at the time of loan application or issuance. The loan balance in the collateral Fixed Account is credited with interest at 2.25% less than the loan interest rate. Thus, the net loan interest charge is an annual rate of 2.25%, which is applied against the outstanding loan balance. The Annual Loan Interest Charge will not exceed 2.25%.

For more detailed information about loans, see *Loan Privilege*.

**Reduced Purchase Payment Option** 

For an additional charge equal to an annualized rate of 0.25% of the Daily Net Assets, an applicant can elect the Reduced Purchase Payment Option. The charge will be assessed until the annuitization unless the Contract Owner terminates the option. The Reduced Purchase Payment Option reduces the initial purchase payment for that contract to $1,000 and the minimum subsequent purchase payment for that contract to $25. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Five Year CDSC Option** 

For an additional charge equal to an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the Five-Year CDSC Option, which reduces the standard CDSC schedule to a five-year CDSC schedule. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Additional Withdrawal Without Charge and Disability Waiver** 

Each contract has a standard 10% CDSC-free withdrawal privilege each year. For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, the Contract Owner can, each year, withdraw an additional 5% of total purchase payments without incurring a CDSC. This option also contains a disability waiver whereby Nationwide will waive CDSC if a Contract Owner (or Annuitant if the contract is owned by a non-natural owner) is disabled after the contract is issued but before reaching age 65. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

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**10 Year and Disability Waiver** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can elect the 10 Year and Disability Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner has been the owner of the contract for at least 10 years, and the Contract Owner has made regular payroll deferrals during the entire Contract Year for at least five of those 10 years. This option also contains a disability waiver whereby Nationwide will waive CDSC if the Contract Owner is disabled after the contract is issued but before reaching age 65. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Hardship Waiver** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can purchase the Hardship Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner experiences a hardship (as defined for purposes of Internal Revenue Code Section 401(k)). The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is generally described as the greatest of Contract Value, net purchase payments, and highest Contract Value on any Contract Anniversary before Annuitant's 86<sup>th</sup> birthday, and includes the Spousal Protection Feature and the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**One-Year Step Up Death Benefit Option** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant can elect the One-Year Step Up Death Benefit Option. The One-Year Step Up Death Benefit Option is only available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. The One-Year Step Up Death Benefit Option is generally described as the greatest of Contract Value, net purchase payments, and highest Contract Value on any Contract Anniversary before Annuitant's 86th birthday, and includes the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection** 

For an additional charge at an annualized rate of 0.20% of the Daily Net Assets, an applicant can elect the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection. The Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is generally described as the greatest of Contract Value, net purchase payments, highest Contract Value on any Contract Anniversary before Annuitant's 86th birthday, and the interest anniversary value (purchase payments, accumulated at the Interest Anniversary Rate until the last Contract Anniversary prior to the Annuitant's 86th birthday), and includes the Spousal Protection Feature and the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**5% Enhanced Death Benefit Option** 

For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, an applicant can elect 5% Enhanced Death Benefit Option. The 5% Enhanced Death Benefit Option is only 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. The 5% Enhanced Death Option is generally described as the greater of Contract Value and the interest anniversary value (purchase payments, accumulated at the Interest Anniversary Rate until the last Contract Anniversary

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prior to the Annuitant's 86th birthday), and includes the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Guaranteed Minimum Income Benefit Options** 

For contracts issued prior to May 1, 2003, two Guaranteed Minimum Income Benefit Options were available at the time of application. If the applicant elected one or both of the Guaranteed Minimum Income Benefit Options, Nationwide will deduct an additional charge at an annualized rate of 0.45% and/or 0.30% of the Daily Net Assets, depending on the option chosen. The charge will be assessed until annuitization. A GMIB is a benefit that ensures the availability of a minimum amount when the Contract Owner wishes to annuitize the contract. This minimum amount may be used to provide a guaranteed level of lifetime annuity payments. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Extra Value Option** 

Applicants can elect the Extra Value Option, in which case Nationwide will apply a credit to the contract equal to 3% of each purchase payment made to the contract for the first 12 months the contract is in force. In exchange, Nationwide will assess an additional charge equal to an annualized rate of 0.45% of the Daily Net Assets for the first seven Contract Years. In addition, allocations made to the Fixed Account and the GTOs will be assessed a fee of 0.45% for the first seven Contract Years. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Beneficiary Protector Option** 

For an additional charge equal to an annualized rate of 0.40% of the Daily Net Assets, an applicant or an existing Contract Owner can elect the Beneficiary Protector Option. In addition, allocations to the Fixed Account or the Guaranteed Term Options will be assessed a fee of 0.40%. The charge will be assessed until the earlier of annuitization or after the benefit has been credited to the contract. The Beneficiary Protector Option provides that upon the death of the Annuitant, and in addition to any death benefit payable, Nationwide will credit an additional amount to the contract (the "benefit"). For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Capital Preservation Plus Option** 

For contracts with the Capital Preservation Plus Option, Nationwide will assess an additional charge equal to an annualized rate of 0.50% of the Daily Net Assets. In addition, allocations to the Guaranteed Term Options will be assessed a fee of 0.50%. The charge will be assessed until annuitization. The Capital Preservation Plus Option provides a "return of principal" guarantee over an elected period of time. Contract Value at the end of the program period will be no less than Contract Value at the beginning of the program period, regardless of market performance. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Removal of Variable Account Charges** 

For certain optional benefits, a charge is assessed only for a specified period of time. To remove the charge, Nationwide systematically re-rates the contract. This re-rating results in lower contract charges, but no change in Contract Value or any other contractual benefit.

Re-rating involves two steps: the adjustment of contract expenses and the adjustment of the number of units in the contract.

The first step, the adjustment of contract expenses, involves removing the charge from the unit value calculation.

***Example:***<br>

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&nbsp;&nbsp; On a contract where the only optional benefit elected is the Extra Value Option, the Variable <br> Account value will be calculated using unit values with Variable Account charges of 1.40% <br> for the first seven Contract Years. At the end of that period, the charge associated with the <br> Extra Value Option will be removed. From that point on, the Variable Account value will be <br> calculated using the unit values with Variable Account charges at 0.95%. Thus, the Extra <br> Value Option charge is no longer included in the daily Sub-Account valuation for the <br> contract.<br>

The second step of the re-rating process, the adjustment of the number of units in the contract, is necessary in order to keep the re-rating process from altering the Contract Value. Generally, for any given Sub-Account, the higher the Variable Account charges, the lower the unit value, and vice versa.

---

| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Sub-Account X with charges of 1.40% will have a lower unit value than Sub-Account X with <br> charges of 0.95% (higher expenses result in lower unit values). When, upon re-rating, the <br> unit values used in calculating Variable Account value are dropped from the higher expense <br> level to the lower expense level, the higher unit values will cause an incidental increase in <br> the Contract Value. In order to avoid this incidental increase, Nationwide adjusts the number <br> of units in the contract down so that the Contract Value after the re-rating is the same as the <br> Contract Value before the re-rating.<br>|

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**Underlying Mutual Fund Charges** 

In addition to the charges indicated above, the underlying mutual funds in which the Sub-Accounts invest have their own fees and charges which are paid out of the assets of the underlying mutual fund. More information about the fees and charges of the underlying mutual funds can be found in the prospectus for each underlying mutual fund which can be obtained free of charge by visiting the website listed in *Appendix A: Investment Options Available Under the Contract* or contacting Nationwide's Service Center.

**Market Value Adjustment** 

A withdrawal or transfer from a Guaranteed Term Option (GTO) prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

A market value adjustment is in addition to any applicable CDSC.

The market value adjustment is determined by multiplying a market value adjustment factor (arrived at by using the market value adjustment formula, which can be obtained by contacting the Service Center) by the "specified value" (or the portion of the specified value being withdrawn), which is the amount allocated to the GTO, plus interest accrued at the specified interest rate, minus prior withdrawals. The market value adjustment may either increase or decrease the amount of the withdrawal.

The market value adjustment is intended to approximate, without duplicating, Nationwide's experience when it liquidates assets in order to satisfy contractual obligations. Such obligations arise when contract owners make withdrawals, or when the operation of the contract requires a distribution.

A Contract Owner may call the Service Center to obtain the current market value adjustment applicable to each of their Guaranteed Term Options. The market value adjustment fluctuates daily, and the quoted market value adjustment may differ from the actual market value adjustment assessed on a withdrawal or transfer.

Because a market value adjustment can affect the value of a withdrawal, its effects should be carefully considered before surrendering or transferring from Guaranteed Term Options. Contact the Service Center for additional information on the Guaranteed Term Options.

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**Profitability** 

Nationwide does consider profitability when determining the charges in the contract. In early Contract Years, Nationwide does not anticipate earning a profit, since that is a time when administrative and distribution expenses are typically higher. Nationwide does, however, anticipate earning a profit in later Contract Years. In general, Nationwide's profit will be greater the higher the investment return and the longer the contract is held.

**The Contract in General**

**Types of Contracts Issued** 

The contracts may be issued as either individual or group contracts. In those states where contracts are issued as group contracts, references throughout this prospectus to "contract(s)" will also mean "certificate(s)" and "Contract Owner" will mean "participant" unless the plan permits or requires the Contract Owner to exercise contract rights under the terms of the plan.

The contracts can be categorized as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Charitable Remainder Trusts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Individual Retirement Annuities ("IRAs") with contributions rolled over or transferred from certain tax-qualified plans\*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Investment-Only Contracts (Qualified Plans)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-Qualified Contracts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Roth IRAs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Simplified Employee Pension IRAs ("SEP IRAs")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Simple IRAs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tax Sheltered Annuities with contributions rolled over or transferred from certain Tax Sheltered Annuities\*

\*

Contributions are not required to be rolled over or transferred if the Contract Owner elects the Reduced Purchase Payment Option.

Nationwide no longer issues the contract as a Tax Sheltered Annuity, except to participants in ERISA and ORP plans that have purchased a Nationwide individual annuity contract before September 25, 2007.

For more detailed information about the differences in contract types, see *Appendix B: Contract Types and Tax Information*.

The contracts described in this prospectus are no longer available for purchase.

**Minimum Initial and Subsequent Purchase Payments**

All purchase payments must be paid in the currency of the United States of America. The minimum initial purchase payment is $15,000. The minimum subsequent purchase payment is $1,000.

If the Contract Owner elects the Reduced Purchase Payment Option, minimum initial and subsequent purchase payment requirements will be reduced accordingly.

Some states have different minimum initial and subsequent purchase payment amounts, and subsequent purchase payments may not be permitted in all states. Contact the Service Center for information on initial and subsequent purchase payment requirements in a particular state.

Extra Value Option credits may not be used to meet minimum purchase payment requirements.

**Nationwide reserves the right to refuse any purchase payment that would result in the cumulative total for all contracts issued by Nationwide or its affiliates or subsidiaries on the life of any one Annuitant or owned by any one Contract Owner to exceed $1,000,000.** Its decision as to whether or not to accept a purchase payment in excess of that amount will be based on one or more factors, including, but not limited to: age, spouse age (if applicable), Annuitant age, state of issue, total purchase payments, optional benefits elected, current market conditions, and current hedging costs. All such decisions will be based on internally established actuarial guidelines and will be applied in a non-discriminatory manner. In the event that Nationwide does not accept a purchase payment under these guidelines, the purchase payment will be immediately returned in its entirety in the same manner as it was received. If Nationwide

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accepts the purchase payment, it will be applied to the contract immediately and will receive the next calculated Accumulation Unit value. Any references in this prospectus to purchase payment amounts in excess of $1,000,000 are assumed to have been approved by Nationwide.

Nationwide prohibits subsequent purchase payments made after death of the Contract Owner(s), the Annuitant, or Co-Annuitant. If upon notification of death of the Contract Owner(s), the Annuitant, or Co-Annuitant, it is determined that death occurred prior to a subsequent purchase payment being made, Nationwide reserves the right to return the purchase payment.

**Dollar Limit Restrictions** 

Certain features of the contract have additional purchase payment and/or Contract Value limitations associated with them:

*Guaranteed Term Options.* The minimum amount that may be allocated to a Guaranteed Term Option is $1,000.

**Money Laundering** 

In order to comply with the USA PATRIOT Act and rules promulgated thereunder, Nationwide has implemented procedures designed to prevent contracts described in this prospectus from being used to facilitate money laundering or the financing of terrorist activities. If mandated under applicable law, Nationwide may be required to reject a purchase payment and/or block a Contract Owner's account and thereby refuse to process any request for transfers, withdrawals, surrenders, loans, or death benefits until instructions are received from the appropriate regulators. Nationwide may also be required to provide additional information about a Contract Owner or a Contract Owner's account to governmental regulators.

**Replacements** 

If the contract described in this prospectus is replacing another variable annuity, the mortality tables used to determine the amount of annuity payments for this contract may be less favorable than those in the contract being replaced. Additionally, upon replacement, all benefits accrued under the replaced contract are forfeited. The issuance of this contract as a replacement for any investment product may result in the payment of compensation to the financial professional, which could create a conflict of interest.

**Contestability** 

Nationwide will not contest the contract.

**Payments to Minors** 

Nationwide will not pay insurance proceeds directly to minors. Contact a legal advisor for options to facilitate the timely availability of monies intended for a minor's benefit.

**Contract Misuse** 

The annuity described in this prospectus is intended to provide benefits to a single individual and his/her beneficiaries. It is not intended to be used by institutional investors, in connection with other Nationwide contracts that have the same Annuitant, or in connection with other Nationwide contracts that have different Annuitants, but the same Contract Owner. If Nationwide determines that the risks it intended to assume in issuing the contract have been altered by misusing the contract as described above, Nationwide reserves the right to take any action it deems necessary to reduce or eliminate the altered risk. Nationwide also reserves the right to take any action it deems necessary to reduce or eliminate altered risk resulting from materially false, misleading, incomplete, or otherwise deficient information provided by the Contract Owner.

**Nationwide's General Account Obligations** 

Nationwide is obligated to pay all amounts promised to Contract Owners under the contract. Any obligations Nationwide has to Contract Owners under the contracts in excess of the Contract Value are paid from the General Account and are subject to Nationwide's creditors and ultimately, its overall claims paying ability.

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**Contractual Guarantees** 

These contracts are offered to customers of various financial institutions and brokerage firms. No financial institution or brokerage firm is responsible for any of the contractual insurance benefits and features guaranteed under the contracts. *These guarantees are the sole responsibility of Nationwide*.

**Reservation of Rights**

In addition to rights that Nationwide specifically reserves elsewhere in this prospectus, Nationwide reserves the right, subject to any applicable regulatory approvals, to perform any or all of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• close Sub-Accounts to additional purchase payments on existing contracts or close Sub-Accounts for contracts purchased on or after specified dates. Changes of this nature will be made as directed by the underlying mutual funds or because Nationwide determines that the underlying mutual fund is no longer suitable (see *Underlying Mutual Fund Service Fee Payments)*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make changes required by any change in the federal securities laws, including, but not limited to, the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, or any other changes to the Securities and Exchange Commission's rules and regulations thereunder or interpretation thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make any changes necessary to maintain the status of the contracts as annuities under the Internal Revenue Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make any changes required by federal or state laws with respect to annuity contracts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• suspend or discontinue sale of the contracts. The decision to suspend or discontinue sale of the contracts is made at Nationwide's discretion. Any decision of this nature would not impact current Contract Owners.

Contract Owners will be notified of any resulting changes by way of a supplement to the prospectus.

**Distribution, Promotional, and Sales Expenses** 

Nationwide pays commissions to the firms that sell the contracts. The maximum gross commission that Nationwide will pay on the sale of the contracts is 6.5% of purchase payments. **Note:** The individual financial professionals typically receive only a portion of this amount; the remainder is retained by the firm. Nationwide may also, instead of a premium-based commission, pay an asset-based commission (sometimes referred to as "trails" or "residuals"), or a combination of the two.

In addition to or partially in lieu of commission, and to the extent permitted by SEC and FINRA rules and other applicable laws and regulations, Nationwide may also pay the selling firms a marketing allowance, which is based on the firm's ability and demonstrated willingness to promote and market Nationwide's products. How any marketing allowance is spent is determined by the firm, but generally will be used to finance firm activities that may contribute to the promotion and marketing of Nationwide's products, which may include but not be limited to providing conferences or seminars, sales or training programs, advertising and sales campaigns regarding the contracts, and payments to assist a firm in connection with its administrative systems, operations and marketing expenses and/or other events or activities sponsored by the firms.

Nationwide may also host training and/or educational meetings including the cost of travel, accommodations and meals for firms that sell the contracts as well as assist such firms with marketing or advertisement costs.

For more information on the exact compensation arrangement associated with this contract, consult your financial professional.

**Underlying Mutual Fund Service Fee Payments** 

***Nationwide's Relationship with the Underlying Mutual Funds*** 

The underlying mutual funds incur expenses each time they sell, administer, or redeem their shares. The Variable Account aggregates Contract Owner purchase, redemption, and transfer requests and submits net or aggregated purchase/redemption requests to each underlying mutual fund on each Valuation Date. The Variable Account (not the Contract Owners) is the underlying mutual fund shareholder. When the Variable Account aggregates transactions, the underlying mutual fund does not incur the expense of processing individual transactions it would normally incur if it sold its shares directly to the public. Nationwide incurs these expenses instead.

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Nationwide also incurs the distribution costs of selling the contract (as discussed above), which benefit the underlying mutual funds by providing Contract Owners with Sub-Account options that correspond to the underlying mutual funds.

An investment adviser or subadviser of an underlying mutual fund or its affiliates may provide Nationwide or its affiliates with wholesaling services that assist in the distribution of the contract and may pay Nationwide or its affiliates to participate in educational and/or marketing activities. These activities may provide the adviser or subadviser (or their affiliates) with increased exposure to persons involved in the distribution of the contract.

***Types of Payments Nationwide Receives*** 

In light of the above, the underlying mutual funds and their affiliates make certain payments to Nationwide or its affiliates (the "payments"). The amount of these payments is typically based on a percentage of assets invested in the underlying mutual funds attributable to the contracts and other variable contracts Nationwide and its affiliates issue, but in some cases may involve a flat fee. These payments are made for various purposes, including payments for the services provided and expenses incurred by the Nationwide companies in promoting, marketing and administering the contracts and underlying funds. Nationwide may realize a profit on the payments received.

Nationwide or its affiliates receive the following types of payments:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Underlying mutual fund 12b-1 fees, which are deducted from underlying mutual fund assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Sub-transfer agent fees or fees pursuant to administrative service plans adopted by the underlying mutual fund, which may be deducted from underlying mutual fund assets; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Payments by an underlying mutual fund's adviser or subadviser (or its affiliates), from their own revenues. Such payments are not from underlying mutual fund assets. However, the revenues from which such payments are made may be derived from advisory fees, which are deducted from underlying mutual fund assets and are reflected in mutual fund charges.

Furthermore, Nationwide benefits from assets invested in Nationwide's affiliated underlying mutual funds (*i.e.*, Nationwide Variable Insurance Trust) because its affiliates also receive compensation from the underlying mutual funds for investment advisory, administrative, transfer agency, distribution, and/or other services provided. Thus, Nationwide may receive more revenue with respect to affiliated underlying mutual funds than unaffiliated underlying mutual funds.

Nationwide took into consideration the anticipated mutual fund service fee payments from the underlying mutual funds when it determined the charges imposed under the contracts. Without these mutual fund service fee payments, Nationwide would have imposed higher charges under the contract.

***Amount of Payments Nationwide Receives*** 

For the year end December 31, 2025, the underlying mutual fund service fee payments Nationwide and its affiliates received from the underlying mutual funds did not exceed 0.75% (as a percentage of the average Daily Net Assets invested in the underlying mutual funds) offered through the contract or other variable contracts that Nationwide and its affiliates issue. Payments from investment advisers or subadvisers to participate in educational and/or marketing activities have not been taken into account in this percentage.

Most underlying mutual funds or their affiliates have agreed to make payments to Nationwide or its affiliates, although the applicable percentages may vary from underlying mutual fund to underlying mutual fund and some may not make any payments at all. Because the amount of the actual payments Nationwide and its affiliates receive depends on the assets of the underlying mutual funds attributable to the contract, Nationwide and its affiliates may receive higher payments from underlying mutual funds with lower percentages (but greater assets) than from underlying mutual funds that have higher percentages (but fewer assets).

For contracts owned by an employer sponsored retirement plan subject to ERISA, upon a plan trustee's request, Nationwide will provide a best estimate of plan-specific, aggregate data regarding the amount of underlying mutual fund service fee payments Nationwide received in connection with the plan's investments either for the previous calendar year or plan year, if the plan year is not the same as the calendar year.

***Identification of Underlying Mutual Funds*** 

Nationwide may consider several criteria when identifying the underlying mutual funds, including some or all of the following: investment objectives, investment process, risk characteristics, investment capabilities, experience and resources, investment consistency, fund expenses, asset class coverage, the alignment of the investment objectives of the underlying mutual fund with Nationwide's hedging strategy, the strength of the adviser's or subadviser's reputation and tenure, brand recognition, and the capability and qualification of each investment firm. Other factors Nationwide may

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consider during the identification process are: whether the underlying mutual fund's adviser or subadviser is a Nationwide affiliate; whether the underlying mutual fund or its service providers (e.g. the investment adviser or subadvisers), or its affiliates will make mutual fund service fee payments to Nationwide or its affiliates in connection with certain administrative, marketing, and support services; or whether affiliates of the underlying mutual fund can provide marketing and distribution support for sales of the contracts. For additional information on these arrangements, see above*.* Nationwide reviews the funds periodically and may remove a fund or limit its availability to new contributions and/or transfers of account value if Nationwide determines that a fund no longer satisfies one or more of the selection criteria, and/or if the fund has not attracted significant allocations from Contract Owners.

Nationwide does not recommend or endorse any particular fund and it does not provide investment advice.

There may be underlying mutual funds with lower fees and expenses, as well as other variable contracts that offer underlying mutual funds with lower fees and expenses. The purchaser should consider all of the fees and charges of the contract in relation to its features and benefits when making a decision to invest. **Note:** Higher contract and underlying mutual fund fees and expenses have a direct effect on and may lower investment performance.

**Treatment of Unclaimed Property** 

Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period of inactivity of three to five years from the contract's Annuity Commencement Date or the date Nationwide becomes informed that a death benefit is due and payable. For example, if the payment of a death benefit has been triggered, but, if after a thorough search, Nationwide is still unable to locate the beneficiary of the death benefit, or the beneficiary does not come forward to claim the death benefit in a timely manner, the death benefit will be surrendered and placed in a non-interest bearing account. While in the non-interest bearing account, Nationwide will continue to perform due diligence required by state law. Once the state mandated period has expired, Nationwide will escheat the death benefit to the abandoned property division or unclaimed property office of the state in which the beneficiary or the Contract Owner last resided, as shown on Nationwide's books and records, or to Ohio, Nationwide's state of domicile. If a claim is subsequently made, the state is obligated to pay any such amount (without interest) to the designated recipient upon presentation of proper documentation.

To prevent escheatment, it is important to update beneficiary designations - including complete names, complete addresses, phone numbers, and social security numbers - as they change. Such updates should be sent to the Service Center.

**Benefits Under the Contract** 

**The following tables summarize information about the benefits under the contract.** The Standard Benefits table indicates the benefits that are available under the contract and for which there is no additional charge. The Optional Benefits table indicates the benefits that are (or were) available under the contract that are optional – they must be affirmatively elected by the applicant and may have an additional charge. The availability of contract benefits may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations*).

**Standard Benefits Table** 

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| | | | |
|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Brief Description of Restrictions/Limitations** |
| Standard Death Benefit | Death benefit upon <br> death of Annuitant prior <br> to Annuitization<br>|  | &nbsp;&nbsp;&nbsp; ● Nationwide may limit purchase payments to <br> $1,000,000<br>|
| Asset Rebalancing (see <br> *Contract Owner* <br> *Services)*<br>| Automatic reallocation <br> of assets on a <br> predetermined <br> percentage basis<br>|  | &nbsp;&nbsp;&nbsp; ● Assets in the Fixed Account and GTOs are <br> excluded from the program<br>|

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| | | | |
|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Brief Description of Restrictions/Limitations** |
| Dollar Cost Averaging <br> (see *Contract Owner* <br> *Services)*<br>| Long-term transfer <br> program involving <br> automatic transfer of <br> assets<br>|  | &nbsp;&nbsp;&nbsp; ● Transfers are only permitted from the Fixed Account <br> and a limited number of Sub-Accounts<br> ● Transfers may not be directed to the Fixed Account <br> or GTOs<br> ● Transfers from the Fixed Account must be equal to <br> or less than 1/30th of the Fixed Account value at <br> the time the program is requested<br>|
| Enhanced Fixed <br> Account Dollar Cost <br> Averaging (see *Contract* <br> *Owner Services)*<br>| Long-term transfer <br> program involving <br> automatic transfer of <br> Fixed Account <br> allocations with higher <br> interest crediting rate<br>|  | &nbsp;&nbsp;&nbsp; ● Transfers are only permitted from the Fixed Account<br> ● Only new purchase payments to the contract are <br> eligible for the program<br> ● Transfers may not be directed to the Fixed Account <br> or GTOs<br>|
| Systematic Withdrawals <br> (see *Contract Owner* <br> *Services)*<br>| Automatic withdrawals <br> of Contract Value on a <br> periodic basis<br>|  | ● Withdrawals must be at least $100 each |

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**Optional Benefits Table** 

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Loans (see *Loan* <br> *Privilege*)<br>| Loan from Contract <br> Value<br>| $25 Loan <br> Processing <br> Fee and <br> 2.25% <br> compound <br> interest on <br> outstanding <br> loan balance<br>| $25 Loan <br> Processing <br> Fee and <br> 2.25% <br> compound <br> interest on <br> outstanding <br> loan balance<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of Tax <br> Sheltered Annuities<br> ● Subject to terms of the Tax <br> Sheltered Annuity plan<br> ● Minimum and maximum loan <br> amounts apply<br> ● Loans must be repaid within a <br> specified period<br> ● Loan payments must be made at <br> least quarterly<br>|
| Reduced Purchase <br> Payment Option<br>| Reduction to minimum <br> initial purchase payment <br> and subsequent <br> purchase payment <br> requirements<br>| 0.25% (Daily <br> Net Assets)<br>| 0.25% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Not available for Investment-Only <br> Contracts<br>|
| Five Year CDSC Option | Reduction of standard <br> CDSC schedule<br>| 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● Not available if the Extra Value <br> Option is elected<br>|
| Additional Withdrawal <br> Without Charge and <br> Disability Waiver<br>| CDSC waiver and <br> increased CDSC-free <br> withdrawal privilege<br>| 0.10% (Daily <br> Net Assets)<br>| 0.10% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective due to <br> disability, no additional purchase <br> payments are permitted<br>|
| 10 Year and Disability <br> Waiver<br>| CDSC waiver | 0.05% (Daily <br> Net Assets)<br>| 0.05% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of a Tax <br> Sheltered Annuity<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective due to <br> disability, no additional purchase <br> payments are permitted<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Hardship Waiver | CDSC waiver | 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of a Tax <br> Sheltered Annuity<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective, no <br> additional purchase payments are <br> permitted<br>|
| One-Year Enhanced <br> Death Benefit with <br> Long-Term Care/<br> Nursing Home Waiver <br> and Spousal Protection<br>| Enhanced death benefit | 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● May not be elected if another death <br> benefit option is elected<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Spousal Protection Feature<br> ● Not applicable to Charitable <br> Remainder Trusts<br> ● One or both spouses (or a revocable <br> trust of which either or both of the <br> spouses is/are grantor(s)) must be <br> named as the Contract Owner<br> ● For contracts issued as an IRA or <br> Roth IRA, only the person for whom <br> the IRA or Roth IRA was established <br> may be named as the Contract <br> Owner<br> ● Only available to Contract Owner's <br> spouse<br> ● Spouses must be Co-Annuitants<br> ● Both spouses must be 85 or younger <br> at contract issuance<br> ● Spouses must be named as <br> beneficiaries<br> ● No other person may be named as <br> Contract Owner, Annuitant, or <br> primary beneficiary<br> ● If the Contract Owner requests to <br> add a Co-Annuitant after contract <br> issuance, the date of marriage must <br> be after the contract issue date and <br> Nationwide will require the Contract <br> Owner to provide a copy of the <br> marriage certificate<br> ● Benefit is forfeited if certain changes <br> to the parties or assignments are <br> made<br>|
| One-Year Step Up <br> Death Benefit Option<br>| Enhanced death benefit | 0.05% (Daily <br> Net Assets)<br>| 0.05% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Greater of One-Year or <br> 5% Enhanced Death <br> Benefit with Long-Term <br> Care/Nursing Home <br> Waiver and Spousal <br> Protection Option<br>| Enhanced death benefit | 0.20% (Daily <br> Net Assets)<br>| 0.20% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● May not be elected if another death <br> benefit option is elected<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Spousal Protection Feature<br> ● Not applicable to Charitable <br> Remainder Trusts<br> ● One or both spouses (or a revocable <br> trust of which either or both of the <br> spouses is/are grantor(s)) must be <br> named as the Contract Owner<br> ● For contracts issued as an IRA or <br> Roth IRA, only the person for whom <br> the IRA or Roth IRA was established <br> may be named as the Contract <br> Owner<br> ● Only available to Contract Owner's <br> spouse<br> ● Spouses must be Co-Annuitants<br> ● Both spouses must be 85 or younger <br> at contract issuance<br> ● Spouses must be named as <br> beneficiaries<br> ● No other person may be named as <br> Contract Owner, Annuitant, or <br> primary beneficiary<br> ● If the Contract Owner requests to <br> add a Co-Annuitant after contract <br> issuance, the date of marriage must <br> be after the contract issue date and <br> Nationwide will require the Contract <br> Owner to provide a copy of the <br> marriage certificate<br> ● Benefit is forfeited if certain changes <br> to the parties or assignments are <br> made<br>|
| 5% Enhanced Death <br> Benefit Option<br>| Enhanced death benefit | 0.10% (Daily <br> Net Assets)<br>| 0.10% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br>|
| Guaranteed Minimum <br> Income Benefit Option 1<br>| Minimum guaranteed <br> value for annuitization<br>| 0.45% (Daily <br> Net Assets)<br>| 0.45% (Daily <br> Net Assets)<br>| ● No longer available for election<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Annuitization options are limited<br>|
| Guaranteed Minimum <br> Income Benefit Option 2<br>| Minimum guaranteed <br> value for annuitization<br>| 0.30% (Daily <br> Net Assets)<br>| 0.30% (Daily <br> Net Assets)<br>| ● No longer available for election<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Annuitization options are limited<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Extra Value Option | Additional money is <br> deposited to the <br> contract (bonus credits)<br>| 0.45% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| 0.45% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● Bonus credit only applies to deposits <br> made during the first Contract Year<br> ● Bonus credits are subject to <br> recapture under certain <br> circumstances<br> ● Fixed Account allocations may be <br> restricted under certain <br> circumstances<br>|
| Beneficiary Protector <br> Option<br>| Payment of an amount <br> that could be used to <br> pay taxes assessed on <br> death benefit proceeds<br>| 0.40% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| 0.40% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Election is irrevocable<br> ● Annuitant must be 70 or younger at <br> date of election<br>|
| Capital Preservation <br> Plus Option<br>| Principal protection | 0.50% (Daily <br> Net Assets <br> and GTO <br> guaranteed <br> rate of <br> return)<br>| 0.50% (Daily <br> Net Assets <br> and GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Investment restrictions apply<br> ● Not available if a loan is outstanding<br> ● No new loans are permitted<br> ● Additional purchase payments are <br> not permitted during the program <br> period<br> ● Enhanced Fixed Account Dollar Cost <br> Averaging is not available<br> ● Surrenders cannot be taken <br> exclusively from the GTO<br> ● Transfers to and from the GTO are <br> not permitted during the program <br> period<br> ● Restrictions on termination apply<br>|

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**Standard Death Benefit (Five-Year Reset Death Benefit)**

If the Annuitant dies before the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

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Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the Standard Death Benefit (Five-Year Reset Death Benefit) is <br> calculated, see *Appendix C: Standard Death Benefit (Five-Year Reset Death Benefit)* <br> *Example.*<br>|

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**Reduced Purchase Payment Option**

If the applicant elects the Reduced Purchase Payment Option, Nationwide will deduct an additional charge equal to an annualized rate of 0.25% of the Daily Net Assets. This option must be elected at the time of application. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization, unless the Contract Owner terminates the option as described below. In return, the minimum initial purchase payment for that contract will be $1,000 and minimum subsequent purchase payment will be $25. This option is not available for Investment-Only Contracts. Nationwide may realize a profit from the charge assessed for this option.

The Contract Owner may terminate this option if, throughout a period of at least two years and continuing until such termination election, the total of all purchase payments, less surrenders is maintained at $25,000 or more.

The election to terminate the option must be submitted in writing to the Service Center on a form provided by Nationwide. Termination will occur as of the date on the election form, and after the termination, the charge for this option will no longer be assessed. Subsequent purchase payments, if any, will be subject to the terms of the contract and must be at least $1,000.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elected the Reduced Purchase Payment Option at the time of application. While the <br> option remains in effect, Nationwide will accept a minimum initial purchase payment of <br> $1,000 or more and will accept minimum subsequent purchase payments of $25 or more. <br> Those amounts are lower than what would be required had the Reduced Purchase Payment <br> Option not been elected.<br>|

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**Five Year CDSC Option** 

Applicants can elect the Five-Year CDSC Option, which reduces the standard seven-year CDSC Schedule to a five-year CDSC schedule. The Five-Year CDSC Option must be elected at the time of application, and the option is irrevocable. In exchange, Nationwide assesses a charge at an annualized rate of 0.15% of the Daily Net Assets. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization.

The CDSC schedule applicable if the Five Year CDSC Option is elected is:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5+** |
| CDSC Percentage | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 0% |

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Under this option, CDSC will not exceed 7% of purchase payments surrendered.

Nationwide may realize a profit from the charge assessed for this option.

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In the State of New York, the Five Year CDSC Option is available only for contracts issued as Roth IRAs and is not available when the Extra Value Option is elected.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. B elected the Five Year CDSC Option at the time of application. Mr. B elects to take a <br> partial withdrawal in the fourth year of his contract. Instead of applying the standard CDSC <br> schedule, Nationwide will apply the Five Year CDSC schedule, which results in a CDSC <br> percentage of 2% (3 completed Contract Years).<br>|

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**Additional Withdrawal Without Charge and Disability Waiver** 

Each contract has a standard 10% CDSC-free withdrawal privilege each year. For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, the Contract Owner can, each year, withdraw an additional 5% of total purchase payments without incurring a CDSC. This would allow the Contract Owner to withdraw a total of 15% of the total of all purchase payments each year free of CDSC. Like the standard 10% CDSC-free privilege, this additional withdrawal benefit is non-cumulative.

This option also contains a disability waiver. Nationwide will waive CDSC if a Contract Owner (or Annuitant if the contract is owned by a non-natural owner) is disabled after the contract is issued but before reaching age 65. If this waiver becomes effective due to disability, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. J elected the Additional Withdrawal Without Charge and Disability Waiver at the time of <br> application and he now wants to take a withdrawal from his contract. If Mr. J's withdrawal is <br> subject to a CDSC and he hasn't yet used his CDSC-free withdrawal privilege for that year, <br> Mr. J would be entitled to a 15% CDSC-free withdrawal, as opposed to the 10% CDSC-free <br> withdrawal that is applicable on standard contracts.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option.

**10 Year and Disability Waiver** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can elect the 10 Year and Disability Waiver. Under this option, Nationwide will waive CDSC if two conditions are met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Owner has been the owner of the contract for at least 10 years; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Contract Owner has made regular payroll deferrals during the entire Contract Year for at least five of those 10 years.

This option also contains a disability waiver. Nationwide will waive CDSC if the Contract Owner is disabled after the contract is issued but before reaching age 65. If this waiver becomes effective due to disability, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. Q elected the 10 Year and Disability Waiver at the time of application and is in her 11<sup>th</sup> <br> year of owning the contract. During that time, she made regular monthly payroll deposits <br> into the contract. Nationwide will waive any applicable CDSC on withdrawals from Ms. Q's <br> contract.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option.

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**Hardship Waiver** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can purchase the Hardship Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner experiences a hardship (as defined for purposes of Internal Revenue Code Section 401(k)). The Contract Owner may be required to provide proof of hardship.

If this waiver becomes effective, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elected the Hardship Waiver at the time of application and she would like to take a <br> hardship withdrawal from her contract. Nationwide will waive any applicable CDSC on the <br> hardship withdrawal, provided any request proof of hardship is provided and accepted by <br> Nationwide.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option**.**

**One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option**

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the highest Contract Value on any Contract Anniversary prior to the Annuitant's 86<sup>th</sup> birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the One-Year Enhanced Death Benefit with Long-Term Care/<br> Nursing Home Waiver and Spousal Protection Option is calculated, see *Appendix D: One-*<br> *Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal* <br> *Protection Option Example.*<br>|

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The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met, and the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse.

**One-Year Step Up Death Benefit Option**

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant can elect the One-Year Step-Up Death Benefit Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and

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will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. The One-Year Step Up Death Benefit Option is only available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the highest Contract Value on any Contract Anniversary prior to the 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the One-Year Step-Up Death Benefit Option is calculated, see <br> *Appendix E: One-Year Step Up Death Benefit Option Example*.<br>|

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The One-Year Step-Up Death Benefit Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met.

The One-Year Step-Up Death Benefit Option and the 5% Enhanced Death Benefit Option may both be elected, in which case the death benefit will be the greater of the two benefits.

**Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option**

For an additional charge at an annualized rate of 0.20% of the Daily Net Assets, an applicant can elect the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% compound interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

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Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the Greater of One-Year or 5% Enhanced Death Benefit with Long-<br> Term Care/Nursing Home Waiver and Spousal Protection Option is calculated, see <br> *Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/*<br> *Nursing Home Waiver and Spousal Protection Option Example.*<br>|

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The Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met, and the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse.

**5% Enhanced Death Benefit Option**

For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, an applicant can elect the 5% Enhanced Death Benefit Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. The 5% Enhanced Death Benefit Option is only 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. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% simple interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the 5% Enhanced Death Benefit Option is calculated, see *Appendix* <br> *G: 5% Enhanced Death Benefit Option Example*<br>|

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The 5% Enhanced Death Benefit Option also includes the Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met.

The One-Year Step-Up Death Benefit Option and the 5% Enhanced Death Benefit Option may both be elected, in which case the death benefit will be the greater of the two benefits.

**Spousal Protection Feature** 

The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option and the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option include a Spousal Protection Feature. The Spousal Protection Feature is not available for contracts issued as Charitable Remainder Trusts. The Spousal Protection Feature allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse, provided the conditions described below are satisfied:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The spouses must be Co-Annuitants;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Both spouses must be age 85 or younger at the time the contract is issued;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Both spouses must be named as beneficiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) No person other than the spouse may be named as Contract Owner, Annuitant, or primary beneficiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) If both spouses are alive upon annuitization, the Contract Owner must specify which spouse is the Annuitant upon whose continuation of life any annuity payments involving life contingencies depend (for an IRA or Roth IRA contract, this person must be the Contract Owner); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) 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.

If a Co-Annuitant dies before the Annuitization Date, the surviving spouse may continue the contract as its sole Contract Owner. Additionally, if the death benefit value is higher than the Contract Value at the time of the first Co-Annuitant's death, Nationwide will adjust the Contract Value to equal the death benefit value. The surviving Co-Annuitant may then name a new beneficiary but may not name another Co-Annuitant.

If the marriage of the Co-Annuitants terminates due to the death of a spouse, divorce, dissolution, or annulment, the Spousal Protection Feature terminates and the Contract Owner is not permitted to cover a subsequent spouse.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; On June 1, which is before her Annuitization Date, Ms. P passes away. Her death benefit <br> contains the Spousal Protection Feature. The death benefit on Ms. P's contract equals <br> $24,000.<br>|
| &nbsp;&nbsp; Ms. P was married to Mr. P at the time of her death. Under the Spousal Protection Feature, <br> assuming all conditions were met, Mr. P has the option, instead of receiving the $24,000 <br> death benefit, to continue the contract as if it were his own. If he elects to do so, the <br> Contract Value, if it is lower than $24,000, will be adjusted to equal the $24,000 death <br> benefit. From that point forward, the contract will be his and all provisions of the contract <br> apply. Upon Mr. P's death, his beneficiary will then receive a death benefit equal to the <br> elected death benefit under the contract.<br>|

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The Spousal Protection Feature may not apply if certain changes to the parties or assignments are made to the contract. Contract Owners contemplating changes to the parties to the contract, including assignments, should contact their financial professional to determine how the changes impact the Spousal Protection Feature.

**Guaranteed Minimum Income Benefit Options**

For contracts issued prior to May 1, 2003, an applicant could have elected one or both of the Guaranteed Minimum Income Benefit Options at the time of application. Once elected, the Guaranteed Minimum Income Benefit Options are irrevocable. If elected, Nationwide will deduct an additional charge at an annualized rate of 0.45% if GMIB Option 1 is elected and 0.30% of the Daily Net Assets if GMIB Option 2 is elected. The charges associated with these options are calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charges assessed for these options.

A GMIB is a benefit that ensures the availability of a minimum amount when the Contract Owner wishes to annuitize the contract. This minimum amount, referred to as the Guaranteed Annuitization Value, may be used at specified times to provide a guaranteed level of determinable lifetime annuity payments. The GMIB may provide protection in the event of lower Contract Values that may result from the investment performance of the contract.

***How the Guaranteed Annuitization Value is Determined*** 

There are two options available at the time of application. The Guaranteed Annuitization Value is determined differently based on the option the Contract Owner elects.

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***Calculation Under GMIB Option 1*** 

The Guaranteed Annuitization Value is equal to (a) – (b), but will never be greater than 200% of all purchase payments, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of all purchase payments, plus interest accumulated at a compounded annual rate of 5% starting at the date of issue and ending on the Contract Anniversary occurring immediately prior to the Annuitant's 86<sup>th</sup> birthday; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the reduction to (a) due to withdrawals made from the contract. All such reductions will be proportionately the same as reductions to the Contract Value caused by withdrawals. For example, a surrender that reduces the Contract Value by 25% will also reduce the Guaranteed Annuitization Value by 25%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Assume the Guaranteed Annuitization Value = $100,000 and the Contract Value = $80,000 <br> at time of a $20,000 withdrawal. Therefore, the Contract Value would be reduced by 25% <br> ($20,000/$80,000), and the Guaranteed Annuitization Value would also be reduced by 25% <br> or $25,000 (25% x $100,000). As a result, the new Guaranteed Annuitization Value = <br> $75,000 ($100,000-$25,000).<br>|

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***Special Restrictions for GMIB Option 1*** 

After the first Contract Year, if the value of the Contract Owner's Fixed Account allocation becomes greater than 30% of the Contract Value in any Contract Year due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the application of additional purchase payments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) surrenders; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) transfers from the Sub-Accounts;

then 0% interest will accrue in that Contract Year for purposes of calculating the Guaranteed Annuitization Value.

If the Contract Owner's Fixed Account allocation becomes greater than 30% of the Contract Value solely as a result of fluctuations in the value of Sub-Account allocations, interest will continue to accrue for the purposes of the Guaranteed Annuitization Value at 5% annually, subject to the other terms and conditions outlined herein.

***Calculation Under GMIB Option 2*** 

The Guaranteed Annuitization Value will be equal to the highest Contract Value on any Contract Anniversary occurring prior to the Annuitant's 86<sup>th</sup> birthday, less an adjustment for amounts withdrawn, plus purchase payments received after that Contract Anniversary.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Assume the highest Contract Value on any Contract Anniversary prior to the Annuitant's <br> 86th birthday = $100,000 and the Contract Value = $80,000 at time of a $20,000 <br> withdrawal. Therefore, the Contract Value would be reduced by 25% ($20,000/$80,000), <br> and the Guaranteed Annuitization Value would also be reduced by 25% or $25,000 (25% x <br> $100,000). As a result, the new Guaranteed Annuitization Value = $75,000 <br> ($100,000-$25,000).<br>|

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***When the Guaranteed Annuitization Value May Be Used*** 

The Contract Owner may use the Guaranteed Annuitization Value by annuitizing the contract during the 30-day period following any Contract Anniversary, provided the contract has been in effect for seven years and the Annuitant has attained age 60.

***Annuity Payment Options That May Be Used With the Guaranteed Annuitization Value*** 

The Contract Owner may elect any life contingent fixed annuity payment option described in this provision, calculated using the guaranteed annuity purchase rates set forth in the contract. The permitted fixed annuity payment options include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Standard Joint and Survivor; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life with 10 or 20 Year Term Certain.

***Other GMIB Terms and Conditions*** 

While a GMIB does provide a Guaranteed Annuitization Value, a GMIB may not be appropriate for all investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A GMIB does NOT in any way guarantee the performance of any Sub-Account or any other investment option available under the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Once elected, the GMIB is irrevocable, meaning that even if the investment performance of the selected investment options surpasses the minimum guarantees associated with the GMIB, the GMIB charges will continue to be assessed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The GMIB in no way restricts or limits the rights of Contract Owners to annuitize the contract at other times permitted under the contract, nor will it in any way restrict the right to annuitize the contract using Contract Values that may be higher than the Guaranteed Annuitization Value.

Consult a qualified financial advisor in evaluating the GMIB options.

**Extra Value Option**

Applicants should be aware of the following prior to electing an Extra Value Option:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide may make a profit from the Extra Value Option charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Because the Extra Value Option charge will be assessed against the entire Contract Value for the first seven Contract Years, Contract Owners who anticipate making additional purchase payments after the first Contract Year (which will not receive the Extra Value Option credit(s) but will be assessed the Extra Value Option charge) should carefully examine the Extra Value Option and consult their financial professional regarding its desirability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide may take back or "recapture" all or part of the amount credited under the Extra Value Option in the event of early withdrawals, including revocation of the contract during the contractual free-look period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the market declines during the period that the Extra Value Option credit(s) is subject to recapture, the amount subject to recapture could decrease the amount of Contract Value available for withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The cost of the Extra Value Option and the recapture of the credits (in the event of a withdrawal) could exceed any benefit of receiving the Extra Value Option credits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Contract Owner elects or has elected an Extra Value Option. These restrictions may be imposed at Nationwide's discretion when economic conditions are such that Nationwide is unable to recoup the cost of providing the up-front Extra Value Option credits.

Applicants can elect the Extra Value Option, in which case Nationwide will apply a credit to the contract equal to 3% of each purchase payment made to the contract for the first 12 months the contract is in force. The Extra Value Option must be elected at the time of application, and the option is irrevocable. This credit, which is funded from Nationwide's General Account, will be allocated among the investment options in the same proportion that the purchase payment is allocated to the contract. For purposes of all benefits and taxes under these contracts, credits are considered earnings, not purchase payments.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. C elects the Extra Value Option and submits an initial purchase payment of $50,000. On <br> the date the initial purchase payment is applied (and in addition to that initial purchase <br> payment), Nationwide will apply another $1,500 (which is 3% of $50,000) to Mr. C's <br> contract.<br>|

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In exchange, Nationwide will assess an additional charge at an annualized rate of 0.45% of the Daily Net Assets. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation.

In addition, allocations made to the Fixed Account and the GTOs will be assessed a fee of 0.45%.

After the end of seven Contract Years, Nationwide will discontinue assessing the charges associated with the Extra Value Option and the amount credited under this option will be fully vested.

***Recapture of Extra Value Option Credits*** 

Nationwide will recapture amounts credited to the contract in connection with an Extra Value Option if:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Contract Owner cancels the contract pursuant to the free look provision;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Contract Owner takes a full withdrawal before the end of seven Contract Years; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Contract Owner takes a partial withdrawal that is subject to a CDSC.

Some state jurisdictions require a reduced recapture schedule. Refer to the contract for state specific information.

Contract Owners should carefully consider the consequences of taking a withdrawal that subjects part or all of the credit to recapture. If Contract Value decreases due to poor market performance, the recapture provisions could decrease the amount of Contract Value available for withdrawal. In other words, the dollar amount of the credit Nationwide recaptures will remain the same, but this amount may be a higher percentage of the Contract Value.

Nationwide will not recapture credits under the Extra Value Option under the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the withdrawal is not subject to a CDSC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the distribution is taken as a result of a death, annuitization, or to meet minimum distribution requirements for this contract under the Internal Revenue Code; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the withdrawal occurs after seven Contract Years.

***Recapture Resulting from Exercising Free-Look Privilege*** 

If the Contract Owner cancels the contract pursuant to the contractual free-look provision, Nationwide will recapture the entire amount credited to the contract under this option. In those states that require the return of purchase payments for IRAs that are surrendered pursuant to the contractual free-look, Nationwide will recapture the entire amount credited to the contract under this option, but under no circumstances will the amount returned be less than the purchase payments made to the contract. In those states that allow a return of Contract Value, the Contract Owner will retain any earnings attributable to the amount credited, but all losses attributable to the amount credited will be incurred by Nationwide.

***Recapture Resulting from a Full Withdrawal*** 

If the Contract Owner takes a full withdrawal of the contract before the end of seven Contract Years, Nationwide will recapture the entire amount credited to the contract under the option.

***Recapture Resulting from a Partial Withdrawal*** 

If the Contract Owner takes a partial withdrawal before the end of seven Contract Years that is subject to CDSC, Nationwide will recapture a proportional part of the amount credited to the contract under this option.

**Beneficiary Protector Option**

For an additional charge at an annualized rate of 0.40% of the Daily Net Assets, the Beneficiary Protector Option may be elected. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation. This option may be elected at the time of application or after the contract has been issued, and the option is irrevocable. Allocations made to the Fixed Account or to the Guaranteed Term Options will be assessed a charge of 0.40%. The Beneficiary Protector Option is only available for contracts with Annuitants who are age 70 or younger at the time of election. Nationwide may realize a profit from the charge assessed for this option.

The Beneficiary Protector Option provides that upon the death of the Annuitant, in addition to any death benefit payable, Nationwide will credit an additional amount to the contract (the "benefit"). If the Beneficiary Protector Option is elected with a contract that has spouses designated as Annuitant and Co-Annuitant, the term Annuitant shall mean the person designated as the Annuitant on the application; the person designated as the Co-Annuitant does not have any rights under this benefit unless the Co-Annuitant is also the beneficiary.

The benefit is credited to the contract upon the death of the Annuitant. After the benefit is credited to the contract, the beneficiary(ies) may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) take distribution of the contract in the form of the death benefit or required distributions as applicable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the beneficiary is the deceased Annuitant's surviving spouse, continue the contract as the new beneficial Contract Owner, subject to any mandatory distribution rules.

Once the credit is applied to the contract, charges associated with the Beneficiary Protector Option will no longer be assessed.

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***How Credits are Calculated*** 

If the Beneficiary Protector Option was elected at the time of application and the Annuitant dies prior to the first Contract Anniversary after the Annuitant's 85<sup>th</sup> birthday, the amount credited to the contract will be equal to:

40% x Adjusted Earnings

Adjusted Earnings = (a) – (b) – (c); where:

a = the Contract Value on the date the death benefit is calculated (prior to any death benefit calculation); <br> b = purchase payments, proportionately adjusted for withdrawals; and <br> c = any adjustment for a death benefit previously credited, proportionately adjusted for withdrawals.

The adjustment for amounts withdrawn will reduce purchase payments and any death benefit previously credited to the contract in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

If the Beneficiary Protector Option was elected after the contract issue date and the Annuitant dies prior to the first Contract Anniversary after the Annuitant's 85<sup>th</sup> birthday, the amount credited to the contract will be equal to:

40% x Adjusted Earnings from the Date the Option is Elected

Adjusted Earnings from the Date the Option is Elected = (a) – (b) – (c) – (d), where:

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| | | |
|:---|:---|:---|
| 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 <br> adjusted for withdrawals.<br>|

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The adjustment for amounts withdrawn will reduce purchase payments and any death benefit previously credited to the contract in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; The Annuitant elected the Beneficiary Protector Option at the time of application. On the <br> date of the Annuitant's death, the Contract Value = $75,000, the total purchase payments <br> (adjusted for withdrawals) = $68,000, and there is no adjustment for a death benefit <br> previously credited. The amount of the benefit would be calculated as follows: 40% x <br> ($75,000-$68,000-$0), which equals $2,800.<br>|

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If no benefits have been paid under this option by the first contract anniversary following the Annuitant's 85<sup>th</sup> birthday, then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Nationwide will credit an amount equal to 4% of the Contract Value on the Contract Anniversary to the contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Beneficiary Protector Option will terminate and will no longer be in effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the charge associated with the Beneficiary Protector Option will no longer be assessed.

***How Amounts Are Credited*** 

Any amounts credited to the contract pursuant to this option will be allocated among the investment options in the same proportion as each purchase payment is allocated to the contract on the date the credit is applied.

**Capital Preservation Plus Option**

The Capital Preservation Plus "CPP" Option provides a "return of principal" guarantee over an elected period of time (3, 5, 7, or 10 years – the "program period"). Effective May 1, 2011, the only program period available is the 10-year program period; program periods of other durations that were elected prior to May 1, 2011 will continue unchanged to the end of the current program period. Contract Value at the end of the program period will be no less than Contract Value at the beginning of the period, regardless of market performance. Note, however, that surrenders or contract charges that are deducted from the contract will reduce the value of the guarantee proportionally.

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For program periods that began prior to May 1, 2025, the guarantee is conditioned upon the allocation of Contract Value between two investment components:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) A Guaranteed Term Option corresponding to the length of the elected program period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Non-Guaranteed Term Option allocations, which consist of the Fixed Account and a limited list of investment options.

For program periods that begin on or after May 1, 2025, the requirement to allocate a portion of the Contract Value to the Guaranteed Term Option is removed and the guarantee is conditioned upon allocation of the Contract Value to Non-Guaranteed Term allocations, which consist of a limited list of investment options.

In some state jurisdictions, Nationwide uses Target Term Options instead of Guaranteed Term Options in connection with the Capital Preservation Plus Option. For all material purposes, Guaranteed Term Options and Target Term Options are the same. All references to Guaranteed Term Options in relation to the Capital Preservation Plus Option will also mean Target Term Options (in applicable jurisdictions). Refer to the prospectus for the Guaranteed Term Options for more information.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. D elected the Capital Preservation Plus Option and elected a 10-year program period. <br> Nationwide informed her of her investment options and she provided her allocation <br> instructions. At the beginning of the program period, her Contract Value was $50,000. At <br> the end of the program period, Ms. D's Contract Value was $56,000, so no adjustment was <br> made to her contract. Had her Contract Value been less than $50,000 at the end of the <br> program period, Nationwide would have adjusted the Contract Value to equal $50,000.<br>|

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***Charges*** 

The charge associated with the Capital Preservation Plus Option is equal to an annualized rate not to exceed 0.50% of the Daily Net Assets. Allocations to the Guaranteed Term Options will also be assessed a charge not to exceed 0.50%. Nationwide may realize a profit from the charge assessed for this option.

All charges associated with the Capital Preservation Plus Option will remain the same for the duration of the program period. When the program period ends or an elected Capital Preservation Plus Option is terminated, the charges associated with the option will no longer be assessed.

***The Advantage of Capital Preservation Plus*** 

Without electing the option, Contract Owners may be able to approximate (without replicating) the benefits of the Capital Preservation Plus Option. To do this, Contract Owners would have to determine how much of their Contract Value would need to be allocated to a Guaranteed Term Option so that the amount at maturity (principal plus interest attributable to the Guaranteed Term Option allocation) would approximate the original total investment. The balance of the Contract Value would be available to be allocated among the Fixed Account and a limited list of investment options. This represents an investment allocation strategy aimed at capital preservation.

Election of the Capital Preservation Plus Option, however, generally permits a higher percentage of the Contract Value to be allocated outside of the Guaranteed Term Options. This provides Contract Owners with a greater opportunity to benefit from market appreciation that is reflected in the Sub-Accounts' performance, while preserving the return of principal guarantee.

***Availability*** 

The Capital Preservation Plus Option is only available for election at the time of application.

***Conditions Associated with the Capital Preservation Plus Option*** 

A Contract Owner with an outstanding loan may not elect the Capital Preservation Plus Option.

During the program period, the following conditions apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If withdrawals are taken or contract charges are deducted from the Contract Value, the value of the guarantee will be reduced proportionally.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Only one Capital Preservation Plus Option program may be in effect at any given time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No new purchase payments may be applied to the contract.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Transfers between and among permitted investment options may not be submitted via Internet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Rate Dollar Cost Averaging is not available as a Contract Owner service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide will not permit loans to be taken from the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No optional benefit that assesses a charge to the Guaranteed Term Options may be added to the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If Annuitant dies and the Annuitant's spouse elects to continue the contract, the option will remain in effect and will continue until the end of the original program period.

If the contract is annuitized, surrendered, or liquidated for any reason prior to the end of the program period, all guarantees are terminated. A market value adjustment may apply to amounts transferred from a Guaranteed Term Option due to annuitization. A market value adjustment may apply to amounts withdrawn or transferred from a GTO and the withdrawal will be subject to the CDSC provisions of the contract.

After the end of the program period or after termination of the option the above conditions will no longer apply.

***Investments During the Program Period*** 

When the option is elected and after Nationwide receives all required information, Nationwide will declare the amount of the Contract Value that is available for allocation to the Non-Guaranteed Term Option component. The remainder of the Contract Value must be allocated to a Guaranteed Term Option, the length of which corresponds to the length of the program period elected by the Contract Owner. For program periods that begin on or after May 1, 2025, the requirement to allocate a portion of the Contract Value to the Guaranteed Term Option is removed; all Contract Value must be allocated to the Non-Guaranteed Option component.

Only certain investment options are available when a Contract Owner elects the Capital Preservation Plus Option. Nationwide selected the available investment options on the basis of certain risk factors associated with the underlying mutual fund's investment objective. The investment options that are unavailable were excluded on the basis of similar risk considerations.

Election of the Capital Preservation Plus Option will not be effective unless and until Nationwide receives allocation instructions based on the limited set of investment options. Allocations to investment options other than those listed are not permitted during the program period.

Nationwide reserves the right to modify the list of available investment options upon written notice to Contract Owners. If an investment option is deleted from the list of available investment options, such deletion will not affect Capital Preservation Plus Option programs already in effect.

***Withdrawals During the Program Period*** 

If the Contract Owner takes a withdrawal, Nationwide will surrender Accumulation Units from the Sub-Accounts and an amount from the Fixed Account and the GTO in proportion to the value in each option at the time of the withdrawal request, unless Nationwide is instructed otherwise. Withdrawals may not be taken exclusively from the Guaranteed Term Option. The partial withdrawal will cause a proportional negative adjustment to the guarantee. A market value adjustment may apply to amounts withdrawn from the GTO and the withdrawal will be subject to the CDSC provisions of the contract.

***Transfers During the Program Period*** 

Transfers to and from the Guaranteed Term Option are not permitted during the program period.

Transfers between and among the permitted investment options are subject to the terms and conditions in the *Transfers Prior to Annuitization* provision. During the program period, transfers to investment options that are not included in the Capital Preservation Plus Option program are not permitted.

***Terminating the Capital Preservation Plus Option*** 

Once elected, the Capital Preservation Plus Option cannot be revoked, except as provided below.

If the Contract Owner elected a program period matching a 7-year Guaranteed Term Option, upon reaching the fifth Contract Anniversary, the Contract Owner may terminate the Capital Preservation Plus Option. Any termination instructions must be received at the Service Center within 60 days after the fifth Contract Anniversary.

If the Contract Owner elected a program period matching a 10-year Guaranteed Term Option, upon reaching the seventh Contract Anniversary, the Contract Owner may terminate the Capital Preservation Plus Option. Any termination instructions must be received at the Service Center within 60 days after the seventh Contract Anniversary.

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If the Contract Owner terminates the Capital Preservation Plus Option as described above, the charges associated with the option will no longer be assessed, all guarantees associated with the option will terminate, the contract's investment allocations will remain the same as when the program was in effect (unless Nationwide is instructed otherwise), and all conditions associated with the Capital Preservation Plus Option are removed.

***Fulfilling the Return of Principal Guarantee*** 

At the end of the program period, if the Contract Value is less than the guaranteed amount, Nationwide will credit an amount to the contract so that the Contract Value equals the guaranteed amount. Amounts credited under this option are considered, for purposes of other benefits under this contract, earnings, not purchase payments. If the Contract Owner does not elect to begin a new Capital Preservation Plus Option program, the amount previously allocated to the Guaranteed Term Option and any amounts credited under the guarantee will be allocated to the money market Sub-Account.

***Election of a New Capital Preservation Plus Option*** 

At the end of any program period or after terminating a Capital Preservation Plus Option, the Contract Owner may elect to participate in a new Capital Preservation Plus Option program at the charges, rates and allocation percentages in effect at that point in time. Nationwide will communicate the ensuing program period end to the Contract Owner approximately 75 days before the end of the period and this notice will include a list of the limited investment options available. If the Contract Owner elects to participate in a new program, such election and complete instructions must be received by Nationwide within 60 days before the end of the preceding program period or within 60 days before the program termination, whichever is applicable.

**Ownership and Interests in the Contract**

**Contract Owner** 

Prior to the Annuitization Date, the Contract Owner has all rights under the contract, unless a joint owner is named. If a joint owner is named, each joint owner has all rights under the contract*.* **Purchasers who name someone other than themselves as the Contract Owner will have no rights under the contract.** 

On the Annuitization Date, the Contract Owner cedes all ownership rights to the Annuitant and the Annuitant becomes the Contract Owner, unless the Contract Owner is a Charitable Remainder Trust. If the Contract Owner is a Charitable Remainder Trust, the Charitable Remainder Trust continues to be the Contract Owner after annuitization.

**Joint Owner** 

Prior to the Annuitization Date, joint owners each own an undivided interest in the contract.

Non-Qualified Contract Owners can name a joint owner at any time before annuitization. However, joint owners must be spouses at the time joint ownership is requested, unless state law requires Nationwide to allow non-spousal joint owners. Joint ownership is not permitted on contracts owned by a non-natural Contract Owner.

Generally, the exercise of any ownership rights under the contract must be in writing and signed by both joint owners. However, if a written election, signed by both Contract Owners, authorizing Nationwide to allow the exercise of ownership rights independently by either joint owner is submitted, Nationwide will permit joint owners to act independently. If such an authorization is submitted, Nationwide will not be liable for any loss, liability, cost, or expense for acting in accordance with the instructions of either joint owner.

If either joint owner dies before the Annuitization Date, the contract continues with the surviving joint owner as the remaining Contract Owner.

On the Annuitization Date, both joint owners cede all ownership rights to the Annuitant and the Annuitant becomes the Contract Owner.

**Contingent Owner** 

Prior to the Annuitization Date, the contingent owner succeeds to the rights of a Contract Owner if a Contract Owner who is not the Annuitant dies before the Annuitization Date and there is no surviving joint owner.

If a Contract Owner who is the Annuitant dies before the Annuitization Date, the contingent owner will not have any rights under the contract, unless such contingent owner is also the beneficiary.

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The Contract Owner may name a contingent owner at any time before the Annuitization Date.

After the Annuitization Date, the contingent owner will not have any interest in the contract.

**Annuitant** 

Prior to the Annuitization Date, the Annuitant has no interest in the contract, but must be named in the application. Only Non-Qualified Contract Owners may name someone other than himself/herself as the Annuitant. This Annuitant must be age 85 or younger at the time of the contract issuance, unless Nationwide approves a request for an Annuitant of greater age.

On the Annuitization Date, the Annuitant becomes the new owner and has all ownership rights in the contract. The Annuitant is the person who receives annuity payments and the person upon whose continuation of life any annuity payment involving life contingencies depends.

**Co-Annuitant** 

Prior to the Annuitization Date, a Co-Annuitant is entitled to receive the benefit of the Spousal Protection Feature, provided all of the requirements set forth in the Spousal Protection Feature section are met. A Co-Annuitant, if named, must be named at the time of application and must be the Annuitant's spouse.

If either Co-Annuitant dies before the Annuitization Date, the surviving Co-Annuitant may continue the contract and will receive the benefit of the Spousal Protection Feature.

After the Annuitization Date, the Co-Annuitant has no interest in the contract.

**Contingent Annuitant** 

Prior to the Annuitization Date, if the Annuitant dies before the Annuitization Date, the Contingent Annuitant becomes the Annuitant and all provisions of the contract that are based on the Annuitants death prior to the Annuitization Date will be based on the death of the Contingent Annuitant. Only Non-Qualified Contract Owners may name a Contingent Annuitant. The Contingent Annuitant need not be named at the time of application. Regardless of when the Contingent Annuitant is added he/she must be (or must have been) age 85 or younger at the time of contract issuance, unless Nationwide approves a request for a Contingent Annuitant of greater age.

**Joint Annuitant** 

Prior to the Annuitization Date, there is no joint annuitant.

On the Annuitization Date, if applicable, a joint annuitant is named. The joint annuitant is designated as a second person (in addition to the Annuitant) upon whose continuation of life any annuity payment involving life contingencies depends.

**Beneficiary and Contingent Beneficiary** 

Prior to the Annuitization Date, the beneficiary is the person who is entitled to the death benefit if the Annuitant (and Contingent Annuitant, if applicable) dies before the Annuitization Date. The Contract Owner can name more than one beneficiary. Multiple beneficiaries will share the death benefit equally, unless otherwise specified.

A contingent beneficiary will succeed to the rights of the beneficiary if no beneficiary is alive when a death benefit is paid. The Contract Owner can name more than one contingent beneficiary. Multiple contingent beneficiaries will share the death benefit equally, unless otherwise specified.

After the Annuitization Date, the beneficiaries and contingent beneficiaries have no interest in the contract.

**Changes to the Parties to the Contract** 

Prior to the Annuitization Date (and subject to any existing assignments), the Contract Owner may request to change the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Owner (Non-Qualified Contracts only);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• joint owner (must be Contract Owner's spouse);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• contingent owner;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annuitant (subject to Nationwide's underwriting and approval);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contingent Annuitant (subject to Nationwide's underwriting and approval);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Co-Annuitant (must be the Annuitant's spouse);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• beneficiary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• contingent beneficiary.

The Contract Owner must submit the request to Nationwide in writing and Nationwide must receive the request at the Service Center before the Annuitization Date. Once Nationwide receives and records the change request, the change will be effective as of the date the written request was signed (unless otherwise specified by the Contract Owner), whether or not the Contract Owner or Annuitant is living at the time it was recorded. The change will not affect any action taken by Nationwide before the change was recorded. Nationwide reserves the right to reject any change request that would alter the nature of the risk that Nationwide assumed when it originally issued the contract.

If the Contract Owner is not a natural person and there is a change of the Annuitant, distributions will be made as if the Contract Owner died at the time of the change, regardless of whether the Contract Owner named a Contingent Annuitant.

Any request to change the Contract Owner must be signed by the existing Contract Owner and the person designated as the new Contract Owner. Nationwide may require a signature guarantee. Changes in contract ownership may result in federal income taxation and may be subject to state and federal gift taxes. Changes in ownership and contract assignments could have a negative impact on certain benefits under the contract, including the death benefit.

Certain options and features under the contract have specific requirements as to who can be named as the Contract Owner, Annuitant, Co-Annuitant, and/or beneficiary in order to receive the benefit of the option or feature. Changes to the parties to the contract may result in the termination or loss of benefit of these options or features. Contract Owners contemplating changes to the parties to the contract should contact their financial professional to determine how the changes impact the options and features under the contract.

**Community Property States** 

In community property states, the Contract Owner's spouse may have a community property interest in the proceeds of an annuity contract even if the spouse is not a named party on the contract. Changes of beneficiary and/or ownership, assignment, and certain financial transactions may impede the spouse's community property interest. The spouse may need to consent to these types of transactions. The Contract Owner should seek legal advice regarding the applicability of community property laws to the contract and whether spousal consent is necessary. Nationwide is not responsible for determining the applicability of community property laws to the contract.

**Assignment** 

Contracts other than Non-Qualified Contracts may not be assigned, pledged or otherwise transferred except where allowed by law.

A Non-Qualified Contract Owner may assign some or all rights under the contract while the Annuitant is alive, subject to Nationwide's consent. Nationwide is not responsible for the validity or tax consequences of any assignment and Nationwide is not liable for any payment or settlement made before the assignment is recorded. Assignments will not be recorded until Nationwide receives sufficient direction from the Contract Owner and the assignee regarding the proper allocation of contract rights.

Amounts pledged or assigned will be treated as distributions and will be included in gross income to the extent that the cash value exceeds the investment in the contract for the taxable year in which it was pledged or assigned. Amounts assigned may be subject to a tax penalty equal to 10% of the amount included in gross income.

Assignment of the entire Contract Value may cause the portion of the Contract Value exceeding the total investment in the contract and previously taxed amounts to be included in gross income for federal income tax purposes each year that the assignment is in effect.

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**Beneficially Owned Contracts** 

A beneficially owned contract is a contract that is inherited by a beneficiary and the beneficiary holds the contract as a beneficiary (as opposed to treating the contract as his/her own) to facilitate the distribution of a death benefit or contract value in accordance with the applicable federal tax laws (see *Appendix B: Contract Types and Tax Information*). An owner of a beneficially owned contract is referred to as a "beneficial owner."

Not all options and features described in this prospectus are available to beneficially owned contracts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No changes to the parties will be permitted on any beneficially owned contract, except that a beneficial owner may request changes to their successor beneficiary(ies).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• There is no death benefit payable on a continued beneficially owned contract. After the death of the beneficial owner, any remaining death benefit or contract value to be distributed will be payable to a successor beneficiary in accordance with applicable federal tax laws.

A beneficiary who is the surviving spouse of a contract owner has the option under the tax laws to continue the contract as the sole contract owner and treat the contract as the spouse's own. If a spouse continues the contract as the sole contract owner, the spouse will not be treated as a beneficial owner and this section will not apply.

**Operation of the Contract**

**Pricing** 

Generally, Nationwide prices Accumulation Units on each day that the New York Stock Exchange is open. (Pricing is the calculation of a new Accumulation Unit value that reflects that day's investment experience.)

Accumulation Units are not priced when the New York Stock Exchange is closed or on the following nationally recognized holidays (or on the dates that such holidays are observed by the New York Stock Exchange):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New Year's Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Martin Luther King, Jr. Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Presidents' Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Good Friday

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Memorial Day

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Juneteenth National Independence Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Independence Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Labor Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Thanksgiving

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Christmas

Nationwide also will not price purchase payments, withdrawals, or transfers if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) trading on the New York Stock Exchange is restricted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) an emergency exists making disposal or valuation of securities held in the Variable Account impracticable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the SEC, by order, permits a suspension or postponement for the protection of security holders.

Rules and regulations of the SEC will govern as to when the conditions described in (1) and (2) exist. If Nationwide is closed on days when the New York Stock Exchange is open, Contract Value may change and Contract Owners will not have access to their accounts.

**Application and Allocation of Purchase Payments** 

***Initial Purchase Payments*** 

Initial purchase payments will be priced at the Accumulation Unit value next determined no later than two business days after receipt of an order to purchase if the application and all necessary information are complete and are received at the Service Center before the close of regular trading on the New York Stock Exchange, which generally occurs at 4:00 p.m. EST. If the order is received after the close of regular trading on the New York Stock Exchange, the initial purchase payment will be priced within two business days after the next Valuation Date.

If an incomplete application is not completed within five business days after receipt at the Service Center, the prospective purchaser will be informed of the reason for the delay. The purchase payment will be returned unless the prospective purchaser specifically consents to allow Nationwide to hold the purchase payment until the application is completed.

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Generally, initial purchase payments are allocated according to Contract Owner instructions on the application. However, in some states, Nationwide will allocate initial purchase payments to the money market Sub-Account during the free look period. After the free look period, Nationwide will reallocate the Contract Value among the investment options based on the instructions contained on the application. In other states, Nationwide will immediately allocate initial purchase payments to the investment options based on the instructions contained on the application. Contact the Service Center or refer to your contract for state specific information on the allocation of initial purchase payments.

***Subsequent Purchase Payments*** 

Any subsequent purchase payment received at the Service Center (along with all necessary information) before the close of regular trading on the New York Stock Exchange on any Valuation Date will be priced at the Accumulation Unit value next determined after receipt of the purchase payment. If a subsequent purchase payment is received at the Service Center (along with all necessary information) after the close of regular trading on the New York Stock Exchange, it will be priced at the Accumulation Unit value determined on the following Valuation Date.

***Allocation of Purchase Payments*** 

Nationwide allocates purchase payments to the Sub-Accounts and/or Fixed Account as instructed by the Contract Owner. Effective May 1, 2025, the GTOs are not available to receive new allocations, transfers, or renewals. Shares of the underlying mutual funds in which the Sub-Accounts invest are purchased at Net Asset Value, then the Contract Owner receives Accumulation Units in the Sub-Account(s) to which the Contract Owner allocated purchase payments.

Contract Owners can change allocations or make exchanges among the Sub-Accounts after the time of application by submitting a written request to the Service Center. However, no change may be made that would result in an amount less than 1% of the purchase payments being allocated to any Sub-Account. In the event that Nationwide receives such a request, Nationwide will inform the Contract Owner that the allocation instructions are invalid and that the contract's allocations among the Sub-Accounts prior to the request will remain in effect. Certain transactions may be subject to conditions imposed by the underlying mutual funds.

**Determining the Contract Value**

The Contract Value is the sum of the value of amounts (including any Extra Value Option credits applied to the contract) allocated to the Sub-Accounts plus any amount held in the Fixed Account, the GTOs, and the collateral fixed account. If charges are assessed against the whole Contract Value, Nationwide will deduct a proportionate amount from each Sub-Account, the Fixed Account, and the GTOs based on current cash values.

***Determining Variable Account Value - Valuing an Accumulation Unit*** 

Sub-Account allocations are accounted for in Accumulation Units. Accumulation Unit values (for each Sub-Account) are determined by calculating the Net Investment Factor for the Sub-Accounts for the current Valuation Period and multiplying that result with the Accumulation Unit values determined on the previous Valuation Period. For each Sub-Account, the Net Investment Factor is the investment performance of the underlying mutual fund in which a particular Sub-Account invests, including the charges assessed against that Sub-Account for a Valuation Period.

Nationwide uses the Net Investment Factor as a way to calculate the investment performance of a Sub-Account from Valuation Period to Valuation Period.

The Net Investment Factor for any particular Sub-Account before the Annuitization Date is determined by dividing (a) by (b), and then subtracting (c) from the result, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Net Asset Value of the underlying mutual fund as of the end of the current Valuation Period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the per share amount of any dividend or income distributions made by the underlying mutual fund (if the date of the dividend or income distribution occurs during the current Valuation Period).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the Net Asset Value of the underlying mutual fund determined as of the end of the preceding Valuation Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) is a factor representing the daily total Variable Account charges, which may include charges for optional benefits elected by the Contract Owner. The factor is equal to an annualized rate ranging from 0.95% to 3.95% of the Daily Net Assets, depending on which optional benefits the Contract Owner elects.

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Based on the change in the Net Investment Factor, the value of an Accumulation Unit may increase or decrease. Changes in the Net Investment Factor may not be directly proportional to changes in the Net Asset Value of the underlying mutual fund shares because of the deduction of Variable Account charges.

Though the number of Accumulation Units will not change as a result of investment experience, the value of an Accumulation Unit may increase or decrease from Valuation Period to Valuation Period.

***Determining Fixed Account Value*** 

Nationwide determines the value of the Fixed Account by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) adding all amounts allocated to the Fixed Account (including any Extra Value Option credits applied to the contract), minus amounts previously transferred or withdrawn from the Fixed Account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) adding any interest earned on the amounts allocated to the Fixed Account; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) subtracting charges deducted in accordance with the contract.

***Determining Guaranteed Term Option Value*** 

Nationwide determines the value of a Guaranteed Term Option by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) adding all amounts allocated to any Guaranteed Term Option (including any Extra Value Option credits applied to the contract), minus amounts previously transferred or withdrawn from a Guaranteed Term Option (which may be subject to a market value adjustment);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) adding any interest earned on the amounts allocated to a Guaranteed Term Option; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) subtracting charges deducted in accordance with the contract.

**Transfer Requests** 

Contract Owners may submit transfer requests in writing, over the telephone, or via the Internet to the Service Center. Some benefits or features under the contract may limit the manner in which transfer requests can be submitted, as indicated in the respective provision. Nationwide may restrict or withdraw the telephone and/or Internet transfer privilege at any time.

Generally, Sub-Account transfers will receive the Accumulation Unit value next computed after the transfer request is received at the Service Center. However, if a contract that is limited to submitting transfer requests via U.S. mail submits a transfer request via the Internet or telephone pursuant to Nationwide's one-day delay policy, the transfer will be executed on the next Valuation Date after the exchange request is received at the Service Center (see *Transfer Restrictions*).

**Transfers Prior to Annuitization**

***Transfers from the Fixed Account*** 

A Contract Owner may request to transfer allocations from the Fixed Account to the Sub-Accounts or a GTO only upon reaching the end of a Fixed Account interest rate guarantee period. Fixed Account transfers must be made within 45 days after the end of the interest rate guarantee period.

Normally, Nationwide will permit 100% of the maturing Fixed Account allocations to be transferred. However, Nationwide may limit the amount that can be transferred from the Fixed Account. Nationwide will determine the amount that may be transferred and will declare this amount at the end of the Fixed Account interest rate guarantee period. The maximum transferable amount will never be less than 10% of the Fixed Account allocation reaching the end of a Fixed Account interest rate guarantee period. Any limit on the amount that can be transferred from the Fixed Account will be communicated to impacted Contract Owners at the end of the Fixed Account interest rate guarantee period. Any such limitations will substantially extend the amount of time it takes to transfer the entire Fixed Account allocation to another investment option.

Contract Owners who use Dollar Cost Averaging may transfer from the Fixed Account under the terms of that program.

Effective May 1, 2025, no transfers from the Fixed Account to the Guaranteed Term Options are permitted.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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***Transfers to the Fixed Account*** 

Normally, Nationwide will not restrict transfers to the Fixed Account; however, Nationwide may establish a maximum transfer limit for transfers to the Fixed Account. Except as noted below, the transfer limit will not be less than 10% of the current value of Sub-Account allocations, less any transfers made in the 12 months preceding the date the transfer is requested, but not including transfers made prior to the imposition of the transfer limit.

Nationwide reserves the right to limit or refuse transfers to the Fixed Account. Generally, Nationwide will invoke this right when interest rates are low by historical standards.

***Transfers from a Guaranteed Term Option*** 

Transfers from a Guaranteed Term Option prior to maturity are subject to a market value adjustment.

***Transfers from the Sub-Accounts*** 

Except as otherwise indicated in *Transfers to the Fixed Account*, a Contract Owner may request to transfer allocations from the Sub-Accounts to the Fixed Account at any time. Effective May 1, 2025, no transfers from the Sub-Accounts to the Guaranteed Term Options are permitted.

***Transfers Among the Sub-Accounts*** 

A Contract Owner may request to transfer allocations among the Sub-Accounts at any time, subject to terms and conditions imposed by this prospectus and the underlying mutual funds.

**Transfers After Annuitization** 

After annuitization, the portion of the Contract Value allocated to fixed annuity payments and the portion of the Contract Value allocated to variable annuity payments may not be changed.

After annuitization, if variable annuity payments are elected, transfers among Sub-Accounts may only be made once per calendar year*.* See *Annuitizing the Contract.*

**Transfer Restrictions**

Neither the contracts described in this prospectus nor the underlying mutual funds are designed to support active trading strategies that require frequent movement between or among Sub-Accounts (sometimes referred to as "market-timing" or "short-term trading"). A Contract Owner who intends to use an active trading strategy should consult his/her financial professional and request information on other Nationwide variable annuity contracts that offer investment in underlying mutual funds that are designed specifically to support active trading strategies.

Nationwide discourages (and will take action to deter) short-term trading in this contract because the frequent movement between or among Sub-Accounts may negatively impact other investors in the contract. Short-term trading can result in:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the dilution of the value of the investors' interests in the underlying mutual fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• underlying mutual fund managers taking actions that negatively impact performance (keeping a larger portion of the underlying mutual fund assets in cash or liquidating investments prematurely in order to support redemption requests); and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• increased administrative costs due to frequent purchases and redemptions.

To protect investors in this contract from the negative impact of these practices, Nationwide has implemented, or reserves the right to implement, several processes and/or restrictions aimed at eliminating the negative impact of active trading strategies. Nationwide makes no assurances that all risks associated with short-term trading will be completely eliminated by these processes and/or restrictions.

Nationwide cannot guarantee that its attempts to deter active trading strategies will be successful. If Nationwide is unable to deter active trading strategies, the performance of the Sub-Accounts that are actively traded may be adversely impacted.

***U.S. Mail Restrictions*** 

Nationwide monitors transfer activity in order to identify those who may be engaged in harmful trading practices. Transaction reports are produced and examined. Generally, a contract may appear on these reports if the Contract Owner (or a third party acting on their behalf) engages in a certain number of "transfer events" in a given period. A "transfer event" is any transfer, or combination of transfers, occurring on a given trading day (Valuation Period). For example, if a

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Contract Owner executes multiple transfers involving 10 investment options in one day, this counts as one transfer event. A single transfer occurring on a given trading day and involving only two investment options will also count as one transfer event.

As a result of this monitoring process, Nationwide may restrict the method of communication by which transfer orders will be accepted. In general, Nationwide will adhere to the following guidelines:

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| | |
|:---|:---|
| **Trading Behavior** | **Nationwide's Response** |
| Six or more transfer events within <br> one calendar quarter<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide will mail a letter to the Contract Owner notifying them that:<br> (1)they have been identified as engaging in harmful trading practices; and<br> (2)if their transfer events total 11 within two consecutive calendar quarters or 20 within one <br> calendar year, the Contract Owner will be limited to submitting transfer requests via U.S. <br> mail on a Nationwide issued form.<br>|
| 11 transfer events within two <br> consecutive calendar quarters<br> OR<br> 20 transfer events within one <br> calendar year<br>| &nbsp;&nbsp; Nationwide will automatically limit the Contract Owner to submitting transfer requests via U.S. <br> mail on a Nationwide issued form.<br>|

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For purposes of Nationwide's transfer policy, U.S. mail includes standard U.S. mail, overnight U.S. mail, and overnight delivery via private carrier.

For calendar year restrictions, each January 1, Nationwide will start the monitoring anew, so that each contract starts with 0 transfer events each January 1. For restrictions on transfer events within two consecutive calendar quarters, Nationwide refreshes the transfer event restriction period at the beginning of each calendar quarter considering only transfers that occur in the current calendar quarter and occurred in the immediately preceding calendar quarter.

Contract Owners that are required to submit transfer requests via U.S. mail will be required to use a Nationwide issued form for their transfer request. Nationwide will refuse transfer requests that either do not use the Nationwide issued form for their transfer request or fail to provide accurate and complete information on their transfer request form. In the event that a Contract Owner's transfer request is refused by Nationwide, they will receive notice in writing by U.S. mail and will be required to resubmit their transfer request on a Nationwide issued form.

*Managers of Multiple Contracts* 

Some investment financial professionals manage the assets of multiple Nationwide contracts pursuant to trading authority granted or conveyed by multiple Contract Owners. These multi-contract financial professionals may be required by Nationwide to submit all transfer requests via U.S. mail.

Nationwide may, as an administrative practice, implement a "one-day delay" program for these multi-contract financial professionals, which they can use in addition to or in lieu of submitting transfer requests via U.S. mail. The one-day delay option permits multi-contract financial professionals to continue to submit transfer requests via the Internet or telephone. However, transfer requests submitted by multi-contract financial professionals via the Internet or telephone will not receive the next available Accumulation Unit value. Rather, they will receive the Accumulation Unit value that is calculated on the following Valuation Date. Transfer requests submitted under the one-day delay program are irrevocable. Multi-contract financial professionals will receive advance notice of being subject to the one-day delay program.

***Other Restrictions*** 

Nationwide reserves the right to refuse or limit transfer requests, or take any other action it deems necessary in order to protect Contract Owners, Annuitants, and beneficiaries from the negative investment results that may result from short-term trading or other harmful investment practices employed by some Contract Owners (or third parties acting on their behalf). In particular, trading strategies designed to avoid or take advantage of Nationwide's monitoring procedures (and other measures aimed at curbing harmful trading practices) that are nevertheless determined by Nationwide to constitute harmful trading practices, may be restricted.

Any restrictions that Nationwide implements will be applied consistently and uniformly.

***Underlying Mutual Fund Restrictions and Prohibitions*** 

Pursuant to regulations adopted by the SEC, Nationwide is required to enter into written agreements with the underlying mutual funds which allow the underlying mutual funds to:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) request the taxpayer identification number, international taxpayer identification number, or other government issued identifier of any Contract Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) request the amounts and dates of any purchase, redemption, transfer, or exchange request ("transaction information"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) instruct Nationwide to restrict or prohibit further purchases or exchanges by Contract Owners that violate policies established by the underlying mutual fund (whose policies may be more restrictive than Nationwide's policies).

Nationwide is required to provide such transaction information to the underlying mutual funds upon their request. In addition, Nationwide is required to restrict or prohibit further purchases or requests to exchange into a specific Sub-Account upon instruction from the underlying mutual fund in which that Sub-Account invests. Nationwide and any affected Contract Owner may not have advance notice of such instructions from an underlying mutual fund to restrict or prohibit further purchases or requests to exchange. If an underlying mutual fund refuses to accept a purchase or request to exchange into the Sub-Account associated with the underlying mutual fund submitted by Nationwide, Nationwide will keep any affected Contract Owner in their current Sub-Account allocation.

**Right to Examine and Cancel**

If the Contract Owner elects to cancel the contract, he/she may return it to the Service Center within a certain period of time known as the "free look" period. Depending on the state in which the contract was purchased (and, in some states, if the contract is purchased as a replacement for another annuity contract), the free look period may be 10 days or longer. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date. The contract issue date is the date the initial purchase payment is applied to the contract.

Where state law requires the return of purchase payments for free look cancellations, Nationwide will return all purchase payments applied to the contract, less any withdrawals from the contract and any applicable federal and state income tax withholding. Nationwide will recapture all of the Extra Value Option credits applied to the contract, but under no circumstances will the amount returned be less than the purchase payments made to the contract.

Where state law requires the return of Contract Value for free look cancellations, Nationwide will return the Contract Value as of the date of the cancellation, less any withdrawals from the contract and any applicable federal and state income tax withholding. Nationwide will recapture all of the Extra Value Option credits applied to the contract. The Contract Owner will retain any earnings attributable to the Extra Value Option credits, but all losses attributable to the Extra Value Option credits will be incurred by Nationwide.

Liability of the Variable Account under this provision is limited to the Contract Value in each Sub-Account on the date of revocation. Any additional amounts refunded to the Contract Owner will be paid by Nationwide.

**Allocation of Purchase Payments during Free Look Period** 

Where state law requires the return of purchase payments for free look cancellations, Nationwide will allocate initial purchase payments allocated to Sub-Accounts to the money market Sub-Account during the free look period.

Where state law requires the return of Contract Value for free look cancellations, Nationwide will immediately allocate initial purchase payments to the investment options based on the instructions contained on the application.

**Surrender/Withdrawal Prior to Annuitization**

Prior to annuitization and before the Annuitant's death, Contract Owners may generally withdraw some or all of their Contract Value. Withdrawals from the contract may be subject to federal income tax and/or a tax penalty (see *Appendix B: Contract Types and Tax Information*). Withdrawal requests may be submitted in writing or by telephone to the Service Center and Nationwide may require additional information. Requests submitted by telephone may be subject to dollar amount limitations and may be subject to payment and other restrictions to prevent fraud. Nationwide reserves the right to require written requests to be submitted on current Nationwide forms for withdrawals. Nationwide reserves the right to remove the ability to submit requests by telephone upon written notice. Contact the Service Center for current limitations and restrictions. When taking a full surrender, Nationwide may require that the contract accompany the request. Nationwide may require a signature guarantee.

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Surrender and withdrawal requests will receive the Accumulation Unit value next determined at the end of the current Valuation Period if the request and all necessary information is received at the Service Center before the close of regular trading on the New York Stock Exchange (generally, 4:00 pm EST). If the request and all necessary information is received after the close of regular trading on the New York Stock Exchange, the request will receive the Accumulation Unit value determined at the end of the next Valuation Day.

Nationwide will pay any amounts withdrawn from the Sub-Accounts within seven days after the request is received in good order at the Service Center (see *Determining the Contract Value*). However, Nationwide may suspend or postpone payment when it is unable to price a purchase payment or transfer, or as permitted or required by federal securities laws and rules and regulations of the SEC.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

A withdrawal from a GTO prior to its maturity date will be assessed a market value adjustment. The application of the market value adjustment could result in a loss.

If the Extra Value Option has been elected, and the amount withdrawn is subject to a CDSC, then for the first seven Contract Years only, a portion of the amount credited under the Extra Value Option may be recaptured. No recapture will take place after the end of the seventh Contract Year.

**Partial Withdrawals** 

If a Contract Owner requests a partial withdrawal, Nationwide will redeem Accumulation Units from the Sub-Accounts and an amount from the Fixed Account and the GTOs. The amount withdrawn from each investment option will be in proportion to the value in each option at the time of the withdrawal request, unless Nationwide is instructed otherwise.

Partial withdrawals are subject to the CDSC provisions of the contract. If a CDSC is assessed, the Contract Owner may elect to have the CDSC deducted from either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the amount requested; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Contract Value remaining after the Contract Owner has received the amount requested.

If the Contract Owner does not make a specific election, any applicable CDSC will be deducted from the amount requested by the Contract Owner.

The CDSC deducted is a percentage of the amount requested by the Contract Owner. Amounts deducted for CDSC are not subject to subsequent CDSC.

***Partial Withdrawals to Pay Investment Advisory Fees*** 

Some Contract Owners utilize an investment advisor(s) to manage their assets, for which the investment advisor assesses a fee. Investment advisors are not endorsed or affiliated with Nationwide and Nationwide makes no representation as to their qualifications. The fees for these investment advisory services are specified in the respective account agreements and are separate from and in addition to the contract fees and expenses described in this prospectus. Some Contract Owners authorize their investment advisor to take a partial withdrawal(s) from the contract in order to collect investment advisory fees. Withdrawals taken from this contract to pay advisory or investment management fees are subject to the CDSC provisions of the contract and may be subject to income tax and/or tax penalties.

**Full Surrenders** 

Upon full surrender, the Contract Value may be more or less than the total of all purchase payments made to the contract. The Contract Value will reflect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• standard contract charges

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• charges for optional benefits elected by the Contract Owner

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• underlying mutual fund charges

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• investment performance of the Sub-Accounts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• interest credited to Fixed Account allocations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amounts credited to GTO allocations, plus or minus any applicable market value adjustment

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• application of any Extra Value Option credits (and any recapture of such credits, if applicable)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any outstanding loan balance plus accrued interest

A CDSC may apply.

**Surrender/Withdrawal After Annuitization**

After the Annuitization Date, withdrawals other than regularly scheduled annuity payments are not permitted.

**Withdrawals Under Certain Plan Types**

**Withdrawals Under a Texas Optional Retirement Program or a Louisiana Optional Retirement Plan** 

Redemption restrictions apply to contracts issued under the Texas Optional Retirement Program or the Louisiana Optional Retirement Plan.

The Texas Attorney General has ruled that participants in contracts issued under the Texas Optional Retirement Program may only take withdrawals if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant retires;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant terminates employment due to total disability; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant that works in a Texas public institution of higher education terminates employment.

A participant under a contract issued under the Louisiana Optional Retirement Plan may only take distributions from the contract upon retirement or termination of employment. All retirement benefits under this type of plan must be paid as lifetime income; lump sum cash payments are not permitted, except for death benefits.

Due to these restrictions, a participant under either of these plans will not be able to withdraw Cash Value from the contract unless one of the applicable conditions is met. However, Contract Value may be transferred to other carriers, subject to any CDSC.

Nationwide issues this contract to participants in the Texas Optional Retirement Program in reliance upon and in compliance with Rule 6c-7 of the Investment Company Act of 1940. Nationwide issues this contract to participants in the Louisiana Optional Retirement Plan in reliance upon and in compliance with an exemptive order that Nationwide received from the SEC on August 22, 1990.

**Withdrawals Under a Tax Sheltered Annuity** 

Contract Owners of a Tax Sheltered Annuity may withdraw part or all of their Contract Value before the earlier of the Annuitization Date or the Annuitant's death, except as provided below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Contract Value attributable to contributions made under a qualified cash or deferred arrangement (within the meaning of Internal Revenue Code Section 402(g)(3)(A)), a salary reduction agreement (within the meaning of Internal Revenue Code Section 402(g)(3)(C)), or transfers from a Custodial Account (described in Section 403(b)(7) of the Internal Revenue Code), may be withdrawn only:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) when the Contract Owner reaches age 59½, separates from service, dies, or becomes disabled (within the meaning of Internal Revenue Code Section 72(m)(7)); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) in the case of hardship (as defined for purposes of Internal Revenue Code Section 401(k)), provided that any such hardship surrender may not include any income earned on salary reduction contributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) The withdrawal limitations described previously also apply to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) salary reduction contributions to Tax Sheltered Annuities made for plan years beginning after December 31, 1988;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) earnings credited to such contracts after the last plan year beginning before January 1, 1989, on amounts attributable to salary reduction contributions; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) all amounts transferred from Internal Revenue Code Section 403(b)(7) Custodial Accounts (except that earnings and employer contributions as of December 31, 1988 in such Custodial Accounts may be withdrawn in the case of hardship).

Any distribution other than the above, including a free look cancellation of the contract (when available) may result in taxes, penalties, and/or retroactive disqualification of a Tax Sheltered Annuity.

In order to prevent disqualification of a Tax Sheltered Annuity after a free look cancellation, Nationwide will transfer the proceeds to another Tax Sheltered Annuity upon proper direction by the Contract Owner.

These provisions explain Nationwide's understanding of current withdrawal restrictions. These restrictions may change.

Distributions pursuant to Qualified Domestic Relations Orders will not violate the restrictions stated previously.

**Loan Privilege** 

The loan privilege is only available to owners of Tax Sheltered Annuities. Loans may be taken from the Contract Value after expiration of the free look period up to the Annuitization Date. Loans are subject to the terms of the contract, the plan, and the Internal Revenue Code. Nationwide may modify the terms of a loan to comply with changes in applicable law. Loans are not available in all states.

**Minimum and Maximum Loan Amounts** 

Contract Owners may borrow a minimum of $1,000, unless Nationwide is required by law to allow a lesser minimum amount. Each loan must individually satisfy the contract minimum amount.

The maximum nontaxable loan amount is based on information provided by the participant or the employer. This amount may be impacted if a participant has additional loans from other plans. The total of all outstanding loans must not exceed the following limits:

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| | | |
|:---|:---|:---|
|  | **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\*) |

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\*

The $50,000 limits will be reduced by the highest outstanding balance owed during the previous 12 months.

For salary reduction Tax Sheltered Annuities, loans may be secured only by the Contract Value.

**Maximum Loan Processing Fee** 

Nationwide charges a Loan Processing Fee at the time each new loan is processed. The Loan Processing Fee will not exceed $25 per loan processed. This fee compensates Nationwide for expenses related to administering and processing loans. Loans are not available in all states. In addition, some states may not allow Nationwide to assess a Loan Processing Fee.

The fee is taken from all of the investment options in proportion to the Contract Value at the time the loan is processed.

**How Loan Requests are Processed** 

All loans are made from assets in Nationwide's General Account. As collateral for the loan, Nationwide holds an amount equal to the loan in a collateral fixed account (which is part of Nationwide's General Account).

When a loan request is processed, Nationwide transfers Accumulation Units from the Sub-Accounts to the collateral fixed account until the requested amount is reached. The amount deducted from the Sub-Accounts will be in the same proportion as the Sub-Account allocations, unless the Contract Owner has instructed otherwise. If there are not enough Accumulation Units available in the contract to reach the requested loan amount, Nationwide would then transfer Contract Value from the Fixed Account. Contract Value transferred from the Fixed Account to meet the requested loan amount is not subject to the Fixed Account transfer limitations otherwise applicable under the contract.

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If the requested loan amount is not reached based on the transfers stated above, any remaining required collateral for the loan will be transferred from the Guaranteed Term Options. Transfers from the Guaranteed Term Options may be subject to a market value adjustment.

No CDSC will be deducted on transfers related to loan processing.

**Interest Charged and Credited** 

Compound interest is charged on the outstanding loan balance consisting of outstanding principal plus accrued interest. The total interest rate is comprised of a collateral interest rate plus a finance interest rate. The total interest rate is disclosed at the time of loan application or loan issuance.

The finance interest rate will be 2.25%. The collateral interest rate will be the total interest rate minus the finance interest rate and will be no less than the guaranteed minimum interest rate stated in the contract.

When a loan is repaid in accordance with the payment schedule provided at the time the loan is issued, collateral interest and finance interest that accrue between scheduled payments are paid off. As payments are made, collateral interest is credited to the collateral fixed account, and finance interest is paid to Nationwide. Finance interest may provide revenue for risk charges and profit.

**Accrual of Principal and Interest After Default** 

Upon default, unpaid principal and collateral interest, and finance interest, will separately accrue and compound at the total interest rate. When the total interest rate is applied to accruing finance interest after default, the entire amount of interest is added to the outstanding finance interest. This will cause the total amount of the outstanding loan balance to grow rapidly over time.

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| | | | | |
|:---|:---|:---|:---|:---|
| ***Example:*** |  |  |  |  |
| Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | 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; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $50,000<br> (outstanding principal)<br>| = | &nbsp;&nbsp; $3,125<br> ($2,000 =collateral interest<br> $1,125 = finance interest)<br>|
| 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; |
| $2,000<br> (collateral interest)<br>| + | &nbsp;&nbsp; $50,000<br> (outstanding principal)<br>| = | &nbsp;&nbsp; $52,000<br> (outstanding principal <br> and collateral interest)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and |
| $1,125<br> (outstanding finance <br> interest)<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. |
| $52,000<br> (outstanding principal <br> and collateral interest)<br>| + | &nbsp;&nbsp; $1,125<br> (outstanding finance <br> interest)<br>| = | &nbsp;&nbsp; $53,125<br> (total outstanding <br> principal and interest)<br>|
| Thereafter, when interest is <br> calculated:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; |

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| | | | | |
|:---|:---|:---|:---|:---|
| ***Example:*** |  |  |  |  |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $52,000<br> (1A outstanding <br> principal and <br> collateral interest)<br>| = | &nbsp;&nbsp; $3,250<br> ($2,080 = collateral interest<br> $1,170 = finance interest)<br>|
| 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; |
| $2,080<br> (collateral interest)<br>| + | &nbsp;&nbsp; $52,000<br> (1A outstanding <br> principal and <br> collateral interest)<br>| = | &nbsp;&nbsp; $54,080<br> (outstanding principal <br> and collateral interest)<br>|
| 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $1,125<br> (outstanding finance <br> interest)<br>| = | &nbsp;&nbsp; $70.31<br> (finance interest)<br>|
| $70.31<br> (finance interest)<br>| + | &nbsp;&nbsp; $1,125<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $1,195.31<br> (outstanding <br> finance interest)<br>|
| 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; |
| $1,170<br> (finance interest)<br>| + | &nbsp;&nbsp; $1,195.31<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $2,365.31<br> (outstanding <br> finance interest)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. |
| $54,080<br> (total outstanding principal <br> and collateral interest)<br>| + | &nbsp;&nbsp; $2,365.31<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $56,445.31<br> (total outstanding <br> principal and interest)<br>|
| This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: |
| Outstanding Principal | Outstanding Principal | Outstanding Principal |  | $50000 |
| Outstanding Collateral Interest | Outstanding Collateral Interest | Outstanding Collateral Interest |  | $40047 |
| Outstanding Finance Interest | Outstanding Finance Interest | Outstanding Finance Interest |  | $34091 |
| Total Outstanding Principal and Interest | Total Outstanding Principal and Interest | Total Outstanding Principal and Interest |  | $124138 |

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**Loan Repayment** 

Loans must be repaid in five years. However, if the loan is used to purchase the Contract Owner's principal residence, the Contract Owner has 15 years to repay the loan.

Contract Owners must identify loan repayments as loan repayments or they will be treated as purchase payments and will not reduce the outstanding loan balance. Payments must be substantially level and made at least quarterly. Over time, unpaid loan interest charges can cause the total amount of the outstanding loan balance to be significant, so it is advantageous to make a loan repayment at least quarterly. The Contract Owner should contact the Service Center to obtain loan pay-off amounts.

When the Contract Owner makes a loan repayment, the amount in the collateral fixed account will be reduced by the amount of the payment that represents loan principal. Additionally, the amount of the payment that represents loan principal and credited interest will be applied to the Sub-Accounts and the Fixed Account in accordance with the allocation instructions in effect at the time the payment is received, unless the Contract Owner directs otherwise.

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Loan repayments to the Guaranteed Term Options must be at least $1,000. If the proportional share of the repayment to the Guaranteed Term Option is less than $1,000, that portion of the repayment will be allocated to the money market Sub-Account unless the Contract Owner directs otherwise.

**Distributions and Annuity Payments** 

Distributions made from the contract while a loan is outstanding will be reduced by the amount of the outstanding loan plus accrued interest if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is surrendered;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Owner/Annuitant dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Owner who is not the Annuitant dies prior to annuitization; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• annuity payments begin.

**Transferring the Contract** 

Nationwide reserves the right to restrict any transfer of the contract while the loan is outstanding.

**Grace Period and Loan Default** 

If a loan payment is not made when due, interest will continue to accrue. A grace period may be available (refer to the terms of the loan agreement). During the grace period, the loan is considered outstanding, but not in default. If a loan payment is not made by the end of the applicable grace period and the Contract Owner is eligible for a distribution, the loan payment amount may be deducted from the Contract Value and applied as a loan payment, which will be treated as an actual distribution.

If the Contract Owner fails to make a full payment by the end of the applicable grace period, and is not eligible to take a distribution, the loan will default. In the year of a default, the entire outstanding loan balance, plus accrued interest, will be treated as a deemed distribution and will be taxable to the Contract Owner. This deemed distribution may also be subject to an early withdrawal tax penalty by the Internal Revenue Service. After default, the loan is still outstanding and interest will continue to accrue until the entire loan balance has been repaid. Additional loans are not available until all defaulted loans have been repaid.

**Contract Owner Services**

**Asset Rebalancing** 

Asset Rebalancing is the automatic reallocation of Contract Values to the Sub-Accounts on a predetermined percentage basis. Asset Rebalancing is not available for assets held in the Fixed Account or the GTOs. Requests for Asset Rebalancing must be on a Nationwide form and submitted to the Service Center. Once Asset Rebalancing is elected, it will only be terminated upon specific instruction from the Contract Owner; manual transfers will not automatically terminate the program. Currently, there is no additional charge for Asset Rebalancing.

Asset Rebalancing occurs every three months or on another frequency if permitted by Nationwide. If the last day of the designated rebalancing period falls on a Saturday, Sunday, recognized holiday, or any other day when the New York Stock Exchange is closed, Asset Rebalancing will occur on the next business day. Each Asset Rebalancing reallocation is considered a transfer event (see *Transfer Restrictions*).

Asset Rebalancing may be subject to employer limitations or restrictions for contracts issued to a Tax Sheltered Annuity plan. Contract Owners should consult a financial professional to discuss the use of Asset Rebalancing.

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Nationwide reserves the right to stop establishing new Asset Rebalancing programs. Existing Asset Rebalancing programs will remain in effect unless otherwise terminated.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. C elects to participate in Asset Rebalancing and has instructed his Contract Value be <br> allocated as follows: 40% to Sub-Account A, 40% to Sub-Account B, and 20% to Sub-<br> Account C. Mr. C elects to rebalance quarterly. Each quarter, Nationwide will automatically <br> rebalance Mr. C's Contract Value by transferring Contract Value among the three elected <br> Sub-Accounts so that his 40%/40%/20% allocation remains intact.<br>|

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**Dollar Cost Averaging**

Dollar Cost Averaging is a long-term transfer program that allows the Contract Owner to make regular, level investments over time. Dollar Cost Averaging involves the automatic transfer of a specific amount from the Fixed Account and/or certain Sub-Accounts into other Sub-Accounts. With this service, the Contract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.

Contract Owners direct Nationwide to automatically transfer specified amounts from the Fixed Account and the following Sub-Account(s) (if available):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Loomis Core Bond Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class

or to any other Sub-Account(s). Dollar Cost Averaging transfers may not be directed to the Fixed Account or the 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. Contract Owners that wish to utilize Dollar Cost Averaging should first inquire whether any Enhanced Fixed Account Dollar Cost Averaging programs are available.

Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until either the value in the originating investment option is exhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwide to stop the transfers, all amounts remaining in the originating Fixed Account or Sub-Account will remain allocated to the Fixed Account or Sub-Account, unless Nationwide is instructed otherwise. Dollar Cost Averaging transfers are not considered transfer events.

Nationwide reserves the right to stop establishing new Dollar Cost Averaging programs.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. T elects to participate in Dollar Cost Averaging and has transferred $25,000 to an <br> eligible Sub-Account (Sub-Account S) that will serve as the source investment option for her <br> Dollar Cost Averaging program. She would like the Dollar Cost Averaging transfers to be <br> allocated as follows: $500 to Sub-Account L and $1,000 to Sub-Account M. Each month, <br> Nationwide will automatically transfer $1,500 from Sub-Account S and allocate $1,000 to <br> Sub-Account M and $500 to Sub-Account L.<br>|

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**Enhanced Fixed Account Dollar Cost Averaging** 

Nationwide may, periodically, offer Dollar Cost Averaging programs with an enhanced interest rate referred to as "Enhanced Fixed Account Dollar Cost Averaging." Enhanced Fixed Account Dollar Cost Averaging involves the automatic transfer of a specific amount from an enhanced rate Fixed Account into any Sub-Account(s). With this service, the Contract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.

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Only new purchase payments to the contract are eligible for Enhanced Fixed Account Dollar Cost Averaging. Enhanced Fixed Account Dollar Cost Averaging transfers may not be directed to the Fixed Account or the GTOs. Amounts allocated to the enhanced rate Fixed Account as part of an Enhanced Fixed Account Dollar Cost Averaging program earn a higher rate of interest than assets allocated to the standard Fixed Account. Each enhanced rate is guaranteed for as long as the corresponding program is in effect.

Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until either amounts allocated to the Fixed Account as part of an Enhanced Fixed Account Dollar Cost Averaging program are exhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwide to stop the transfers, Nationwide will automatically reallocate any amount remaining in the enhanced rate Fixed Account according to future investment allocation instructions, unless directed otherwise. Enhanced Fixed Account Dollar Cost Averaging transfers are not considered transfer events.

Nationwide reserves the right to stop establishing new Enhanced Fixed Account Dollar Cost Averaging programs.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. E elects to participate in Enhanced Fixed Account Dollar Cost Averaging and has <br> allocated new purchase payments of $22,000 to the Fixed Account, which will receive an <br> enhanced interest crediting rate. He would like the Enhanced Fixed Account Dollar Cost <br> Averaging transfers to be allocated as follows: $1,000 to Sub-Account L and $1,000 to Sub-<br> Account M. Each month, Nationwide will automatically transfer $2,000 from the Fixed <br> Account and allocate $1,000 to Sub-Account M and $1,000 to Sub-Account L.<br>|

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**Systematic Withdrawals** 

Systematic Withdrawals allow Contract Owners to receive a specified amount (of at least $100) on a monthly, quarterly, semi-annual, or annual basis. Requests for Systematic Withdrawals and requests to discontinue Systematic Withdrawals must be submitted in good order and in writing to the Service Center.

The withdrawals will be taken from the Sub-Accounts and the Fixed Account proportionally unless Nationwide is instructed otherwise. Systematic Withdrawals are not available for assets held in the Guaranteed Term Options.

Nationwide will withhold federal income taxes from Systematic Withdrawals unless otherwise instructed by the Contract Owner. The Internal Revenue Service may impose a 10% penalty tax if the Contract Owner is under age 59½, unless the Contract Owner has made an irrevocable election of distributions of substantially equal payments.

A CDSC may apply to amounts taken through Systematic Withdrawals. If the Contract Owner takes Systematic Withdrawals, the maximum amount that can be withdrawn annually without a CDSC is the greater of the amount available under the CDSC-free withdrawal privilege (see *Contingent Deferred Sales Charge*), and a given percentage of the Contract Value that is based on the Contract Owner's age, as shown in the following table:

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| | |
|:---|:---|
| **Contract Owner's Age** | **Percentage of Contract Value** |
| Under age 59½  | &nbsp;&nbsp; 5<br> %<br>|
| 59½ through age 61 | &nbsp;&nbsp; 7<br> %<br>|
| 62 through age 64 | &nbsp;&nbsp; 8<br> %<br>|
| 65 through age 74 | &nbsp;&nbsp; 10<br> %<br>|
| 75 and over | &nbsp;&nbsp; 13<br> %<br>|

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The Contract Owner's age is determined as of the date the request for Systematic Withdrawals is recorded by the Service Center. For joint owners, the older joint owner's age will be used.

The CDSC-free withdrawal privilege for Systematic Withdrawals is non-cumulative. Free amounts not taken during any Contract Year cannot be taken as free amounts in a subsequent Contract Year. In any given Contract Year, any amount withdrawn in excess of the amount permitted under this program will be subject to the CDSC provisions (see *Contingent Deferred Sales Charge*).

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Nationwide reserves the right to stop establishing new Systematic Withdrawal programs. Systematic Withdrawals are not available before the end of the free look period.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elects to take Systematic Withdrawals equal to $5,000 on a quarterly basis. She has <br> not directed that the withdrawals be taken from specific Sub-Accounts, so each quarter, <br> Nationwide will withdraw $5,000 from Ms. H's contract proportionally from each Sub-<br> Account, and will mail her a check or wire the funds to the financial institution of her choice.<br>|

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**Death Benefit**

**Death of Contract Owner** 

If a Contract Owner (including a joint owner) who is not the Annuitant dies before the Annuitization Date, no death benefit is payable and the surviving joint owner becomes the Contract Owner. If there is no surviving joint owner, the contingent owner becomes the Contract Owner. If there is no surviving contingent owner, the last surviving Contract Owner's estate becomes the Contract Owner.

A distribution of the Contract Value will be made in accordance with tax rules and as described in *Appendix B: Contract Types and Tax Information.* A CDSC may apply.

**Death of Annuitant** 

If the Annuitant who is not a Contract Owner dies before the Annuitization Date, the Contingent Annuitant becomes the Annuitant and no death benefit is payable. If no Contingent Annuitant is named, a death benefit is payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries survive the Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries or contingent beneficiaries survive the Annuitant, the Contract Owner or the last surviving Contract Owner's estate will receive the death benefit.

If the Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selected annuity payment option.

If the Contract Owner is a Charitable Remainder Trust and the Annuitant dies before the Annuitization Date, the death benefit will accrue to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust's right to the death benefit will be void.

**Death of Contract Owner/Annuitant** 

If a Contract Owner (including a joint owner) who is also the Annuitant dies before the Annuitization Date, a death benefit is payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries survive the Contract Owner/Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share the death benefit equally unless otherwise specified. If no contingent beneficiaries survive the Contract Owner/Annuitant, the last surviving Contract Owner's estate will receive the death benefit.

If the Contract Owner/Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selected annuity payment option.

**Death Benefit Payment** 

The recipient of the death benefit may elect to receive the death benefit:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) in a lump sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) as an annuity (see *Annuity Payment Options*); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) in any other manner permitted by law and approved by Nationwide.

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Premium taxes may be deducted from death benefit proceeds. Nationwide will pay (or will begin to pay) the death benefit after it receives proof of death and the instructions as to the payment of the death benefit. Death benefit claims must be submitted to the Service Center. If the recipient of the death benefit does not elect the form in which to receive the death benefit payment, Nationwide will pay the death benefit in a lump sum. Contract Value will continue to be allocated according to the most recent allocation instructions until the death benefit is paid.

If the contract has multiple beneficiaries entitled to receive a portion of the death benefit, the Contract Value will continue to be allocated according to the most recent allocation instructions until the first beneficiary provides Nationwide with all the information necessary to pay that beneficiary's portion of the death benefit proceeds. At the time the first beneficiary's proceeds are paid, the remaining portion(s) of the death benefit proceeds that are allocated to Sub-Accounts will be reallocated to the available money market Sub-Account until instructions are received from the remaining beneficiary(ies).

Any Contract Value not allocated to the Sub-Accounts will remain invested and will not be reallocated to the available money market Sub-Account.

**Death Benefit Calculations**

The value of each component of the death benefit calculation will be determined as of the date Nationwide receives:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) proper proof of the Annuitant's death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) an election specifying the distribution method; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) any state required form(s).

An applicant may elect either the standard death benefit (Five-Year Reset Death Benefit) or an available death benefit option that is offered under the contract for an additional charge. If no election is made at the time of application, the death benefit will be the standard death benefit.

**Annuity Commencement Date** 

The Annuity Commencement Date is the date on which annuity payments are scheduled to begin. Generally, the Contract Owner designates the Annuity Commencement Date at the time of application. If no Annuity Commencement Date is designated at the time of application, Nationwide will establish the Annuity Commencement Date as the date the Annuitant reaches age 90. The Contract Owner may initiate a change to the Annuity Commencement Date at any time. Additionally, Nationwide will notify the Contract Owner approximately 90 days before the impending Annuity Commencement Date of the opportunity to change the Annuity Commencement Date or annuitize the contract.

Any request to change the Annuity Commencement Date must meet the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the request is made prior to annuitization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the requested date is at least two years after the date of issue;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the requested date is not later than the Annuitant's 90th birthday (or the 90th birthday of the oldest Annuitant if there are joint Annuitants) unless approved by Nationwide; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the request for change is made in writing, submitted in good order to the Service Center, and approved by Nationwide.

Generally, Nationwide will not initiate annuitization until specifically directed to do so. However, for Non-Qualified Contracts only, Nationwide will automatically initiate annuitization within 45 days after the Annuity Commencement Date (whether default or otherwise), unless (1) Nationwide has had direct contact with the Contract Owner (indicating that the contract is not abandoned); or (2) the Contract Owner has taken some type of action which is inconsistent with the desire to annuitize.

**Annuitizing the Contract**

**Annuitization Date** 

The Annuitization Date is the date that annuity payments begin.

Any optional death benefit that the Contract Owner elects will automatically terminate upon annuitization.

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The Annuitization Date will be the first day of a calendar month unless otherwise agreed. Unless otherwise required by state law, the Annuitization Date must be at least two years after the contract is issued, but may not be later than either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the age (or date) specified in the contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the age (or date) specified by state law, where applicable.

The Internal Revenue Code may require that distributions be made prior to the Annuitization Date (see *Appendix B: Contract Types and Tax Information*).

On the Annuitization Date, the Annuitant becomes the Contract Owner unless the Contract Owner is a Charitable Remainder Trust.

If the contract is issued to fund a Tax Sheltered Annuity, annuitization may occur during the first two Contract Years subject to Nationwide's approval.

**Annuitization** 

Annuitization is the period during which annuity payments are received. It is irrevocable once payments have begun. Upon arrival of the Annuitization Date, the Contract Owner must choose:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) an annuity payment option; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) either a fixed payment annuity, variable payment annuity, or an available combination.

A variable payment annuity may not be elected when exercising a Guaranteed Minimum Income Benefit option.

On the Annuitization Date, the Contract Value, less any premium tax, will be applied under the annuity payment option(s) selected by the Contract Owner. Annuity purchase rates are used to determine the amount of the annuity payments based upon the annuity payment option elected. Actual purchase rates used to determine annuity payments will be those in effect on the Annuitization Date, and will not be less than the guaranteed minimum purchase rates as provided in the contract.

Nationwide guarantees that each payment under a fixed payment annuity will be the same throughout annuitization. Under a variable payment annuity, the amount of each payment will vary with the performance of the Sub-Accounts elected.

Any allocations in the Fixed Account that are to be annuitized as a variable payment annuity must be transferred to one or more Sub-Accounts prior to the Annuitization Date. There are no restrictions on Fixed Account transfers made in anticipation of annuitization.

Any allocations in the Sub-Accounts that are to be annuitized as a fixed payment annuity must be transferred to the Fixed Account prior to the Annuitization Date.

Guaranteed Term Options are not available during annuitization. Any Guaranteed Term Option allocations must be transferred out of the Guaranteed Term Options prior to the Annuitization Date. A market value adjustment may apply.

**Fixed Annuity Payments** 

Fixed annuity payments provide for level annuity payments. The fixed annuity payments will remain level unless the annuity payment option provides otherwise.

**Variable Annuity Payments** 

Variable annuity payments will vary depending on the performance of the Sub-Accounts selected. The Sub-Accounts available during annuitization are those Sub-Accounts corresponding to the underlying mutual funds shown in *Appendix A: Investment Options Available Under the Contract*. Nationwide uses an assumed investment return factor of 3.5%. An assumed investment return is the net investment return required to maintain level variable annuity payments. To the extent that investment performance is not equal to 3.5% for given payment periods, the amount of the payments in those periods will not be the same. Payments will increase from one payment date to the next if the annualized net rate of return is greater than 3.5% during that time. Conversely, payments will decrease from one payment to the next if the annualized net rate of return is less than 3.5% during that time.

**Frequency and Amount of Annuity Payments** 

Annuity payments are based on the annuity payment option elected.

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If the net amount to be annuitized is less than $5,000, Nationwide reserves the right to pay this amount in a lump sum instead of periodic annuity payments.

Annuity payments are made at any frequency approved by Nationwide. Nationwide reserves the right to change the frequency of payments if the amount of any payment becomes less than $100. The payment frequency will be changed to an interval that will result in payments of at least $100. Nationwide will send annuity payments no later than seven days after each annuity payment date.

**Annuity Payment Options** 

The Annuitant must elect an annuity payment option before the Annuitization Date. If the Annuitant does not elect an annuity payment option by that date, a variable payment Single Life with a 20 Year Term Certain annuity payment option will be assumed as the automatic form of payment upon annuitization. Once elected or assumed, the annuity payment option may not be changed.

Not all of the annuity payment options may be available in all states. Additionally, the annuity payment options available may be limited based on the Annuitant's age (and the joint Annuitant's age, if applicable) or requirements under the Internal Revenue Code.

**Annuity Payment Options Available to All Contracts**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Standard Joint and Survivor; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life with a 10 or 20 Year Term Certain.

Each of the annuity payment options is discussed more thoroughly below.

***Single Life*** 

The Single Life annuity payment option provides for annuity payments to be paid during the lifetime of the Annuitant. This option is not available if the Annuitant is 86 or older on the Annuitization Date.

Payments will cease with the last payment before the Annuitant's death. For example, if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one payment. The Annuitant will only receive two annuity payments if he or she dies before the third payment date, and so on. No death benefit will be paid.

No withdrawals other than the scheduled annuity payments are permitted.

***Standard Joint and Survivor*** 

The Standard Joint and Survivor annuity payment option provides for annuity payments to continue during the joint lifetimes of the Annuitant and joint Annuitant. After the death of either the Annuitant or joint Annuitant, payments will continue for the life of the survivor. This option is not available if the Annuitant or joint Annuitant is 86 or older on the Annuitization Date.

Payments will cease with the last payment due prior to the death of the last survivor of the Annuitant and joint Annuitant. As is the case of the Single Life annuity payment option, there is no guaranteed number of payments. Therefore, it is possible that if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one annuity payment. No death benefit will be paid.

No withdrawals other than the scheduled annuity payments are permitted.

***Single Life with a 10 or 20 Year Term Certain*** 

The Single Life with a 10 or 20 Year Term Certain annuity payment option provides that monthly annuity payments will be paid during the Annuitant's lifetime or for the term selected, whichever is longer. The term may be either 10 or 20 years.

If the Annuitant dies before the end of the 10 or 20 year term, payments will be paid to the beneficiary for the remainder of the term.

No withdrawals other than the scheduled annuity payments are permitted.

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***Any Other Option*** 

Annuity payment options not set forth in this provision may be available. Any annuity payment option not set forth in this provision must be approved by Nationwide.

**Statements and Reports** 

Nationwide's default delivery method is U.S. mail and Nationwide will deliver required documents by U.S. mail unless other delivery methods (e.g. electronic delivery) are permitted by law or regulation. Therefore, Contract Owners should promptly notify the Service Center of any address change.

Nationwide will mail to Contract Owners:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• statements showing the contract's quarterly activity; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• confirmation statements showing transactions that affect the contract's value. Confirmation statements will not be sent for recurring transactions (*i.e.*, Dollar Cost Averaging or salary reduction programs). Instead, confirmation of recurring transactions will appear in the contract's quarterly statements.

Contract Owners can receive information from Nationwide faster and reduce the amount of mail received by signing up for Nationwide's eDelivery program. Nationwide will notify Contract Owners by email when important documents (statements, prospectuses, and other documents) are ready for a Contract Owner to view, print, or download from Nationwide's secure server. To choose this option, go to: www.nationwide.com.

Contract Owners should review statements and confirmations carefully. All errors or corrections must be reported to Nationwide immediately to assure proper crediting to the contract. Unless Nationwide is notified within 30 days of receipt of the statement, Nationwide will assume statements and confirmation statements are correct.

**IMPORTANT NOTICE REGARDING DELIVERY OF SECURITY OWNER DOCUMENTS** 

When multiple copies of the same disclosure document(s), such as prospectuses, supplements, proxy statements, and semi-annual and annual reports are required to be mailed to multiple Contract Owners in the same household, Nationwide will mail only one copy of each document, unless notified otherwise by the Contract Owner(s). Household delivery will continue for the life of the contracts.

A Contract Owner can revoke their consent to household delivery and reinstitute individual delivery by contacting the Service Center. Nationwide will reinstitute individual delivery within 30 days after receiving such notification.

**Legal Proceedings** 

**Nationwide Life Insurance Company** 

Nationwide Financial Services, Inc. (NFS, or collectively with its subsidiaries, the "Company") was formed in November 1996. NFS is the holding company for Nationwide Life Insurance Company (NLIC), Nationwide Life and Annuity Insurance Company (NLAIC) and other companies that comprise the life insurance and retirement savings operations of the Nationwide group of companies (Nationwide). This group includes Nationwide Financial Network (NFN), an affiliated distribution network that markets directly to its customer base. NFS is incorporated in Delaware and maintains its principal executive offices in Columbus, Ohio.

The Company is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope, and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company's financial condition.

The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency, and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.

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**Nationwide Investment Services Corporation** 

The general distributor, NISC (the "Company"), is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company's financial condition.

The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency and state securities divisions. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.

**Financial Statements** 

Financial statements for the Variable Account and financial statements and schedules of Nationwide are located in the Statement of Additional Information. A current Statement of Additional Information may be obtained, without charge, by contacting the Service Center, or can be found online at https://nationwide.onlineprospectus.net/NW/C000024727NW/index.php?ctype=product_sai.

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**Appendix A: Investment Options Available Under the Contract** 

**Underlying Mutual Funds** 

The following is a list of underlying mutual funds available under the contract. More information about the underlying mutual funds is available in the prospectuses for the underlying mutual funds, which may be amended from time to time and can be found online at https://nationwide.onlineprospectus.net/NW/C000024727NW/index.php. This information can also be obtained at no cost by calling 1-800-848-6331 or by sending an email request to FLSS@nationwide.com. Depending on the optional benefits chosen, access to certain underlying mutual funds may be limited. The availability of investment options may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations*).

The current expenses and performance information below reflects fees and expenses of the underlying mutual funds, but do not reflect the other fees and expenses that the contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each underlying mutual fund's past performance is not necessarily an indication of future performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **BNY Mellon Investment Portfolios - Small Cap Stock Index** <br> **Portfolio: Service Shares**<br> Investment Advisor: BNY Mellon Investment Adviser, Inc.<br>| 0.61% | 5.36% | 6.65% | 9.15% |
| Equity | &nbsp;&nbsp; **BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial** <br> **Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2004<br> Investment Advisor: BNY Mellon Investment Adviser, Inc.<br> Sub-Advisor: Newton Investment Management Limited<br>| 0.66% | 15.97% | 11.93% | 13.56% |
| Fixed Income | &nbsp;&nbsp; **Federated Hermes Insurance Series - Federated Hermes** <br> **Quality Bond Fund II: Primary Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2008<br> Investment Advisor: Federated Investment Management Company<br>| 0.74%\* | 7.08% | 1.10% | 2.99% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Equity-Income** <br> **Portfolio: Service Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.56% | 18.92% | 12.41% | 11.49% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Growth** <br> **Portfolio: Service Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.65% | 14.78% | 13.58% | 17.33% |
| Fixed Income | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP High Income** <br> **Portfolio: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2016<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity <br> Management & Research (Hong Kong) Limited, Fidelity <br> Management & Research (Japan) Limited<br>| 0.91%\* | 10.32% | 4.14% | 5.49% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Overseas** <br> **Portfolio: Service Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FIL Investment Advisors, FIL Investment <br> Advisors (UK) Limited, FMR Investment Management (UK) Limited, <br> Fidelity Management & Research (Hong Kong) Limited, Fidelity <br> Management & Research (Japan) Limited<br>| 0.82% | 20.28% | 6.51% | 7.82% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Value** <br> **Strategies Portfolio: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2006<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity <br> Management & Research (Hong Kong) Limited, Fidelity <br> Management & Research (Japan) Limited<br>| 0.69% | 7.91% | 12.02% | 10.71% |
| Equity | &nbsp;&nbsp; **Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series** <br> **I**<br> Investment Advisor: Invesco Advisers, Inc.<br>| 0.86% | 4.79% | 3.90% | 11.38% |
| Fixed Income | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP High Income** <br> **Series: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2017<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 0.97% | 7.17% | 3.73% | 5.56% |
| Equity | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Global Technology** <br> **and Innovation Portfolio: Service Shares**<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 0.97% | 24.84% | 13.44% | 21.18% |
| Equity | &nbsp;&nbsp; **Lincoln Variable Insurance Products Trust - LVIP JPMorgan** <br> **Mid Cap Value Fund: Standard Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before April 28, 2023<br> Investment Advisor: Lincoln Financial Investments Corporation<br> Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.74% | 4.72% | 9.63% | 8.77% |
| Equity | &nbsp;&nbsp; **MFS® Variable Insurance Trust II - MFS International Intrinsic** <br> **Equity Portfolio: Service Class (formerly, MFS® Variable** <br> **Insurance Trust II - MFS International Intrinsic Value Portfolio:** <br> **Service Class)**<br> Investment Advisor: Massachusetts Financial Services Company<br>| 1.14%\* | 32.96% | 7.02% | 9.68% |
| Fixed Income | &nbsp;&nbsp; **Morgan Stanley Variable Insurance Fund, Inc. - Emerging** <br> **Markets Debt Portfolio: Class I**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective May 1, 2004<br> Investment Advisor: Morgan Stanley Investment Management Inc.<br> Sub-Advisor: Morgan Stanley Investment Management Limited<br>| 1.10%\* | 15.33% | 2.70% | 4.51% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Allspring** <br> **Discovery Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2023<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Allspring Global Investments, LLC<br>| 0.83%\* | 5.91% | -2.09% | 9.67% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BlackRock Equity** <br> **Dividend Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.80%\* | 21.44% | 11.53% | 11.37% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BNY Mellon** <br> **Dynamic U.S. Core Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Newton Investment Management Limited<br>| 0.62%\* | 17.18% | 12.58% | 14.44% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BNY Mellon** <br> **Dynamic U.S. Equity Income: Class I**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective September 11, 2020<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Newton Investment Management Limited<br>| 0.76%\* | 18.63% | 14.64% | 11.72% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BNY Mellon** <br> **Dynamic U.S. Equity Income: Class X**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Newton Investment Management Limited<br>| 0.63%\* | 18.81% | 14.80% | 11.79% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Fidelity** <br> **Institutional AM® Emerging Markets Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: FIAM LLC<br>| 1.12%\* | 36.15% | 1.01% | 6.31% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Fidelity** <br> **Institutional AM® Worldwide Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: FIAM LLC<br>| 0.80%\* |  |  |  |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Government Bond** <br> **Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2022<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Nationwide Asset Management, LLC<br>| 0.69%\* | 7.00% | -0.62% | 1.17% |
| Capital Preservation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Government** <br> **Money Market Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Federated Investment Management <br> Company<br>| 0.47% | 3.91% | 2.95% | 1.85% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT GQG US Quality** <br> **Equity Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: GQG Partners LLC<br>| 0.78%\* | 2.14% | 5.52% | 8.68% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT International** <br> **Equity Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Lazard Asset Management LLC<br>| 0.88%\* | 39.29% | 12.79% | 9.94% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Invesco Small Cap** <br> **Growth Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Invesco Advisers, Inc.<br>| 1.07% | 16.36% | 4.94% | 11.73% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Investor** <br> **Destinations Aggressive Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 1.02% | 19.26% | 8.48% | 9.50% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Investor** <br> **Destinations Conservative Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 0.92% | 8.90% | 1.96% | 3.37% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Investor** <br> **Destinations Moderate Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 0.97% | 14.42% | 5.67% | 6.92% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Investor** <br> **Destinations Moderately Aggressive Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 1.00% | 17.38% | 7.41% | 8.61% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Investor** <br> **Destinations Moderately Conservative Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 0.93% | 11.68% | 3.78% | 5.12% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT J.P. Morgan Digital** <br> **Evolution Strategy Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.96%\* | 32.66% |  |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT J.P. Morgan Equity** <br> **and Options Total Return Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.79% | 16.49% | 9.85% | 11.85% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT J.P. Morgan Large** <br> **Cap Growth Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.79%\* | 14.12% |  |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large** <br> **Cap Core Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2013<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Jacobs Levy Equity Management, Inc.<br>| 0.77%\* | 11.88% | 11.98% | 13.21% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large** <br> **Cap Growth Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Jacobs Levy Equity Management, Inc.<br>| 0.70%\* | 14.20% | 19.09% | 18.02% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Loomis Core Bond** <br> **Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2023<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Loomis, Sayles & Company, L.P.<br>| 0.58% | 6.88% | -0.77% | 2.08% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Loomis Short** <br> **Term High Yield Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Loomis, Sayles & Company, L.P.<br>| 0.87%\* | 5.66% | 3.26% | 5.38% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Mid Cap Index** <br> **Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.41% | 7.05% | 8.70% | 10.28% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Multi-Manager** <br> **Small Company Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. <br> and Invesco Advisers, Inc.<br>| 1.05%\* | 10.35% | 8.62% | 11.00% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT NASDAQ-100** <br> **Index Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.72%\* |  |  |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Real Estate Fund:** <br> **Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Wellington Management Company LLP<br>| 0.92%\* | 0.58% | 5.69% | 6.00% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT S&P 500 Index** <br> **Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.24%\* | 17.60% | 14.15% | 14.55% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Small Cap Value** <br> **Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Jacobs Levy Equity Management, Inc.<br>| 1.06%\* | 2.17% | 8.01% | 7.69% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Strategic Income** <br> **Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2021<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Amundi Asset Management, US<br>| 0.80% | 7.56% | 5.81% | 5.45% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Victory Mid Cap** <br> **Value Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Victory Capital Management Inc.<br>| 0.96%\* | 2.30% | 7.79% | 7.55% |
| Equity | &nbsp;&nbsp; **Neuberger Berman Advisers Management Trust - Quality** <br> **Equity Portfolio: Class I Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2008<br> Investment Advisor: Neuberger Berman Investment Advisers LLC<br>| 0.87% | 13.74% | 12.83% | 12.94% |
| Equity | &nbsp;&nbsp; **T. Rowe Price Equity Series, Inc. - T. Rowe Price Health** <br> **Sciences Portfolio: II**<br> Investment Advisor: T. Rowe Price Associates, Inc.<br>| 1.11% | 17.80% | 3.86% | 8.70% |
| Equity | &nbsp;&nbsp; **VanEck VIP Trust - VanEck VIP Global Resources Fund: Class** <br> **S**<br> Investment Advisor: Van Eck Associates Corporation<br>| 1.32% | 36.17% | 10.24% | 8.06% |
| Equity | &nbsp;&nbsp; **VanEck VIP Trust - VanEck VIP Global Resources Fund: Initial** <br> **Class**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective May 1, 2012<br> Investment Advisor: Van Eck Associates Corporation<br>| 1.08% | 36.48% | 10.51% | 8.33% |

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\*

This underlying mutual fund's current expenses reflect a temporary fee reduction.

**Fixed Options** 

The following is a list of fixed options currently available under the contract. To the extent permitted under the contract, Nationwide may change the features of a fixed option, offer new fixed options, and terminate existing fixed options. Nationwide will provide you with written notice before doing so. Depending on the optional benefits chosen, access to a fixed option may not be permitted. See*The Fixed Account* and *Guaranteed Term Options* for additional information.

**Note: If amounts are withdrawn from a Guaranteed Term Option prior to its maturity date, Nationwide will apply a market value adjustment. This may result in a significant reduction in your Contract Value. See *Guaranteed Term Options* and *Market Value Adjustment*.** 

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| | | |
|:---|:---|:---|
| **Name** | **Interest Rate Guarantee Period** | **Minimum Guaranteed Interest Rate** |
| Fixed Account | 1 Year<sup>1</sup> | 1.50%<sup>2</sup> |
| 3-year Guaranteed Term Option<sup>3</sup> | 3 Years | 0.00% |
| 5-year Guaranteed Term Option<sup>3</sup> | 5 Years | 0.00% |
| 7-year Guaranteed Term Option<sup>3</sup> | 7 Years | 0.00% |
| 10-year Guaranteed Term Option<sup>3</sup> | 10 Years | 0.00% |

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<sup>1</sup>

The Fixed Account interest rate guarantee period begins on the date of deposit or transfer and ends on the one-year anniversary of the deposit or transfer. The interest rate guarantee period may last for up to three months beyond the one-year anniversary because guaranteed terms end on the last day of a calendar quarter. As a result, an interest rate guarantee period may last up to 15 months.

<sup>2</sup>

Contracts may be subject to a higher minimum guaranteed interest rate based on the date the contract was issued and/or state of issue.

<sup>3</sup>

Effective May 1, 2025, Guaranteed Term Options are not available to receive new allocations, transfers, or renewals.

Nationwide reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guarantee period. Nationwide will provide you with written notice before doing so.

**Income Benefit Investment Options** 

Certain optional benefits restrict how the Contract Owner can invest their Contract Value by limiting the investment options in which the Contract Owner can invest and/or requiring use of a specified asset allocation service. The investment options available under each optional living benefit are chosen by Nationwide based on each investment option's risk characteristics. The permitted investment options are more conservative than those that are not permitted. This helps Nationwide manage its obligation to provide Contract Owners with Lifetime Withdrawals by reducing the likelihood that it will have to make unanticipated payments. By electing an optional living benefit and accepting the limited menu of investment options, Contract Owners may be foregoing investment gains that could otherwise be realized by investing in riskier investment options that are not available under the optional living benefit. Only the investment options shown below are available in connection with the respective optional benefit.

**Capital Preservation Plus Option** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Service Shares <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2008

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2 <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2006

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series II <br>This underlying mutual fund is only available in contracts for which good order applications were received before April 30, 2020

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2014

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2022

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Victory Mid Cap Value Fund: Class II

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**Appendix B: Contract Types and Tax Information**

**Types of Contracts** 

The contracts described in this prospectus are classified according to the tax treatment to which they are subject under the Internal Revenue Code (the "Code"). Following is a general description of the various contract types. Eligibility requirements, tax benefits (if any), limitations, and other features of the contracts will differ depending on contract type.

***Non-Qualified Contracts*** 

A non-qualified contract is a contract that does not qualify for certain tax benefits under the Code, such as deductibility of purchase payments, and which is not an IRA, Roth IRA, SEP IRA, Simple IRA, tax sheltered annuity, or part of a pension plan or employer-sponsored retirement program.

Upon the death of the owner of a non-qualified contract, mandatory distribution requirements are imposed to ensure distribution of the entire balance in the contract within a required period.

Non-qualified contracts that are owned by natural persons allow the deferral of taxation on the income earned in the contract until it is distributed or deemed to be distributed. Non-qualified contracts that are owned by non-natural persons, such as trusts, corporations, and partnerships are generally subject to current income tax on the income earned inside the contract, unless the non-natural person owns the contract as an agent of a natural person.

***Charitable Remainder Trusts*** 

Charitable Remainder Trusts are trusts that meet the requirements of Section 664 of the Code. An annuity that has a Charitable Remainder Trust endorsement is not a Charitable Remainder Trust; the endorsement is merely to facilitate ownership of the contract by a Charitable Remainder Trust. Non-Qualified Contracts that are issued to Charitable Remainder Trusts will differ from other Non-Qualified Contracts in three respects:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Waiver of sales charges. In addition to any sales load waivers included in the contract, Charitable Remainder Trusts may also withdraw the difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the contract value on the day before the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the total amount of purchase payments made to the contract (less an adjustment for amounts surrendered).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Contract ownership at annuitization. On the annuitization date, if the contract owner is a Charitable Remainder Trust, the Charitable Remainder Trust will continue to be the contract owner and the annuitant will NOT become the contract owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Recipient of death benefit proceeds. With respect to the death benefit proceeds, if the contract owner is a Charitable Remainder Trust, the death benefit is payable to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust's right to the death benefit will be void.

While these provisions are intended to facilitate a Charitable Remainder Trust's ownership of this contract, the rules governing Charitable Remainder Trusts are numerous and complex. A Charitable Remainder Trust that is considering purchasing this contract should seek the advice of a qualified tax and/or financial professional prior to purchasing the contract.

***Individual Retirement Annuities (IRAs)*** 

IRAs are contracts that satisfy the provisions of Section 408(b) of the Code, including the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is not transferable by the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the premiums are not fixed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the contract owner is younger than age 50, the annual premium cannot exceed $7,500; if the contract owner is age 50 or older, the annual premium cannot exceed $8,600 (although rollovers of greater amounts from Qualified Plans, Tax Sheltered Annuities, certain 457 governmental plans, and other IRAs can be received);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• certain minimum distribution requirements must be satisfied after the owner attains their "applicable age" as defined in the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the entire interest of the owner in the contract is nonforfeitable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• after the death of the owner, additional distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.

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As used herein, the term "individual retirement plans" shall refer to both individual retirement annuities and individual retirement accounts that are described in Section 408 of the Code.

For further details regarding IRAs, refer to the disclosure statement provided when the IRA was established and the annuity contract's IRA endorsement.

***Roth IRAs*** 

Roth IRA contracts are contracts that satisfy the provisions of Section 408A of the Code, including the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is not transferable by the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the premiums are not fixed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the contract owner is younger than age 50, the annual premium cannot exceed $7,500; if the contract owner is age 50 or older, the annual premium cannot exceed $8,600 (although rollovers of greater amounts from other Roth IRAs and other individual retirement plans can be received);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the entire interest of the owner in the contract is nonforfeitable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• after the death of the owner, certain distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.

For further details regarding Roth IRAs, please refer to the disclosure statement provided when the Roth IRA was established and the annuity contract's IRA endorsement.

***Simplified Employee Pension IRAs (SEP IRA)*** 

A SEP IRA is a written plan established by an employer for the benefit of employees which permits the employer to make contributions to an IRA established for the benefit of each employee.

An employee may make deductible contributions to a SEP IRA subject to the same restrictions and limitations as an IRA. In addition, the employer may make contributions to the SEP IRA, subject to dollar and percentage limitations imposed by both the Code and the written plan.

A SEP IRA plan must satisfy:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• minimum participation rules;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• top-heavy contribution rules;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• nondiscriminatory allocation rules; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• requirements regarding a written allocation formula.

In addition, the plan cannot restrict withdrawals of non-elective contributions, and must restrict withdrawals of elective contributions before March 15th of the following year.

***Simple IRAs*** 

A Simple IRA is an Individual Retirement Annuity that is funded exclusively by a qualified salary reduction arrangement and satisfies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• vesting requirements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• participation requirements; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• administrative requirements.

The funds contributed to a Simple IRA cannot be commingled with funds in other individual retirement plans or SEP IRAs.

A Simple IRA cannot receive rollover distributions except from another Simple IRA.

***Tax Sheltered Annuities*** 

Certain tax-exempt organizations (described in Section 501(c)(3) of the Code) and public school systems may establish a plan under which annuity contracts can be purchased for their employees. These annuity contracts are often referred to as Tax Sheltered Annuities.

Purchase payments made to Tax Sheltered Annuities are excludable from the income of the employee, up to statutory maximum amounts. These amounts should be set forth in the plan adopted by the employer.

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The owner's interest in the contract is nonforfeitable (except for failure to pay premiums) and cannot be transferred.

Final 403(b) Regulations issued by the Internal Revenue Service impose certain restrictions on non-taxable transfers or exchanges of one 403(b) Tax Sheltered Annuity contract for another. Nationwide will no longer issue or accept applications for new and/or in-service transfers to new or existing Nationwide individual 403(b) Tax Sheltered Annuity contracts used for salary reduction plans not subject to ERISA. Nationwide will continue to accept applications and in-service transfers for individual 403(b) Tax Sheltered Annuity contracts used for 403(b) plans that are subject to ERISA and certain state Optional Retirement Plans and/or Programs that have purchased at least one individual annuity contract issued by Nationwide prior to September 25, 2007.

Commencing in 2009, Tax Sheltered Annuities must be issued pursuant to a written plan, and the plan must satisfy various administrative requirements. Check with your employer to ensure that these requirements will be satisfied in a timely manner.

***Investment Only (Qualified Plans)*** 

Contracts that are owned by Qualified Plans are not intended to confer tax benefits on the beneficiaries of the plan; they are used as investment vehicles for the plan. The income tax consequences to the beneficiary of a Qualified Plan are controlled by the operation of the plan, not by operation of the assets in which the plan invests.

Beneficiaries of Qualified Plans should contact their employer and/or trustee of the plan to obtain and review the plan, trust, summary plan description and other documents for the tax and other consequences of being a participant in a Qualified Plan.

**Federal Tax Considerations**

***Federal Income Taxes*** 

The tax consequences of purchasing a contract described in this prospectus will depend on:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the type of contract purchased;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the purposes for which the contract is purchased; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the personal circumstances of individual investors having interests in the contracts.

Existing tax rules are subject to change and may affect individuals differently depending on their situation. Nationwide does not guarantee the tax status of any contracts or any transactions involving the contracts.

The following is a brief summary of some of the federal income tax considerations related to the types of contracts sold in connection with this prospectus. In addition to the federal income tax, distributions from annuity contracts may be subject to state and local income taxes. Nothing in this prospectus should be considered to be tax advice. Purchasers and prospective purchasers of the contract should consult a financial professional, tax advisor, or legal counsel to discuss the taxation and use of the contracts.

***IRAs, SEP IRAs, and Simple IRAs*** 

Distributions from IRAs, SEP IRAs, and Simple IRAs are generally taxed as ordinary income when received. If any of the amounts contributed to the Individual Retirement Annuity was non-deductible for federal income tax purposes, then a portion of each distribution is excludable from income.

The portion of a distribution that is excludable from income is based on the ratio of the amount by which non-deductible purchase payments exceed prior non-taxable distributions to total account balances at the time of the distribution. The owner of an IRA, SEP IRA, or Simple IRA must annually report the amount of non-deductible purchase payments, the amount of any distribution, the amount by which non-deductible purchase payments for all years exceed nontaxable distributions for all years, and the total balance of all IRAs, SEP IRAs, or Simple IRAs. Depending on the circumstance of the owner, all or a portion of the contributions (purchase payments) made to the account may be deducted for federal income tax purposes.

IRAs may receive rollover contributions from other individual retirement accounts, other individual retirement annuities, tax sheltered annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).

When the owner of an IRA attains their applicable age, the IRA owner is required to begin taking certain minimum distributions. In addition, upon the death of the owner of an IRA, the Code imposes mandatory distribution requirements to ensure distribution of the entire contract value within the required statutory period. Due to the Treasury Regulation's valuation rules, the amount used to compute the mandatory distributions may exceed the contract value.

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If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

*One-Rollover-Per-Year Limitation* 

A contract owner can receive a distribution from an IRA and roll it into another IRA within 60 days from the date of the distribution and not have the amount of the distribution included in taxable income. Only one rollover per year from a contract owner's IRA is allowed. The one-year period begins on the date the contract owner receives the IRA distribution, and not on the date the IRA was rolled over.

The one-rollover-per-year limitation applies in the aggregate to all the IRAs that a taxpayer owns. This means that a contract owner cannot make an IRA rollover distribution if, within the previous one-year period, an IRA rollover distribution was taken from any other IRAs owned by the taxpayer. Also, rollovers between an individual's Roth IRAs would prevent a separate rollover between the individual's traditional IRAs within the one-year period, and vice versa.

Direct transfers of IRA funds between IRA trustees are not subject to the one rollover per year limitation because such transfers are not considered rollover distributions. Also, a rollover from a traditional IRA to a Roth IRA (a conversion) is not subject to the one rollover per year limitation, and such a rollover is disregarded in applying the one rollover per year limitation to other rollovers.

***Roth IRAs*** 

Distributions of earnings from Roth IRAs are taxable or nontaxable depending upon whether they are "qualified distributions" or "non-qualified distributions." A "qualified distribution" is nontaxable if it is made after the Roth IRA has satisfied the five-year rule and meets one of the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is made on or after the date on which the contract owner attains age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is made to a beneficiary (or the contract owner's estate) on or after the death of the contract owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is attributable to the contract owner's disability; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is used for expenses attributable to the purchase of a home for a qualified first-time buyer.

The five-year rule is satisfied if a five taxable-year period has passed beginning with the first tax year in which a contribution is made to any Roth IRA established by the owner.

A non-qualified distribution is not includable in gross income to the extent that the distribution, when added to all previous distributions, does not exceed the total amount of contributions made to the Roth IRA. Any non-qualified distribution in excess of total contributions is includable in the contract owner's gross income as ordinary income in the year that it is distributed to the contract owner.

A Roth IRA can receive a rollover from an individual retirement plan or another eligible retirement plan; however, the amount rolled over from the individual retirement plan or other eligible retirement plan to the Roth IRA is required to be included in the owner's federal gross income at the time of the rollover and will be subject to federal income tax. However, a rollover or conversion of an amount from an IRA or eligible retirement plan cannot be recharacterized back to an IRA.

Special rules apply for Roth IRAs that have proceeds received from an individual retirement plan prior to January 1, 1999 if the owner elected the special four-year income averaging provisions that were in effect for 1998.

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

***Tax Sheltered Annuities*** 

Distributions in the form of annuity payments from Tax Sheltered Annuities are generally taxed when received. If nondeductible contributions, otherwise known as the investment in the contract, are made, then a portion of each distribution is excludable from income based on a formula established pursuant to the Code. The formula excludes from income the investment in the contract divided by the number of anticipated payments until the full investment in the contract is recovered. Thereafter all distributions are fully taxable.

A loan from a Tax Sheltered Annuity generally is not considered to be a distribution, and is therefore generally not taxable. However, if the loan is not repaid in accordance with the repayment schedule, the entire balance of the loan would be treated as being in default, and the defaulted amount would be treated as being distributed to the participant as a taxable distribution.

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Tax Sheltered Annuities may receive rollover contributions from Individual Retirement Accounts, Individual Retirement Annuities, other Tax Sheltered Annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

***10% Additional Tax for Early Withdrawal*** 

If distributions of income from an IRA, SEP IRA, Simple IRA, Roth IRA, or Tax Sheltered Annuity are made prior to the date that the owner attains the age of 59½ years, the income is subject to an additional penalty tax of 10% unless an exception applies. (For Simple IRAs, the 10% penalty is increased to 25% if the distribution is made during the 2-year period beginning on the date that the individual first participated in the Simple IRA.) The 10% penalty tax can be avoided if the distribution is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made to a beneficiary on or after the death of the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• attributable to the owner becoming disabled (as defined in the Code);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• part of a series of substantially equal periodic payments made not less frequently than annually for the life (or life expectancy) of the owner, or the joint lives (or joint life expectancies) of the owner and his or her designated beneficiary. Substantially equal periodic payments must continue until the later of reaching age 59½ or five years from the date of the first periodic payment. Modification of payments during that time period will result in retroactive application of the 10% additional penalty tax;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made to the owner after separation from service with his or her employer after age 55 (in the case of a Tax Sheltered Annuity);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• used for qualified higher education expenses; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• used for expenses attributable to the purchase of a home for a qualified first-time buyer.

***Non-Qualified Contracts*** 

*Non-Qualified Contracts - Natural Persons as Contract Owners* 

Generally, the income earned inside a non-qualified annuity contract that is owned by a natural person is not taxable until it is distributed from the contract.

Distributions before the annuitization date are taxable to the contract owner to the extent that the cash value of the contract exceeds the investment in the contract at the time of the distribution. In general, the investment in the contract is equal to the purchase payments made with after-tax dollars reduced by any prior nontaxable distribution. Distributions, for this purpose, include full and partial surrenders, any portion of the contract that is assigned or pledged as collateral for a loan, amounts borrowed from the contract, or any portion of the contract that is transferred by gift. For these purposes, a transfer by gift may occur upon annuitization if the contract owner and the annuitant are not the same individual.

In determining the taxable amount of a distribution that is made prior to the annuitization date, all annuity contracts issued after October 21, 1988 by the same company to the same contract owner during the same calendar year will be treated as one annuity contract.

A special rule applies to distributions from contracts that have investments in the contract that were made prior to August 14, 1982. For those contracts, distributions that are made prior to the annuitization date are treated first as the nontaxable recovery of the investment in the contract as of that date. A distribution in excess of the amount of the investment in the contract as of August 14, 1982, will be treated as taxable income.

With respect to annuity distributions on or after the annuitization date, a portion of each annuity payment is excludable from taxable income. The amount excludable from each annuity payment is determined by multiplying the annuity payment by a fraction which is equal to the contract owner's investment in the contract, divided by the expected return on the contract. Once the entire investment in the contract is recovered, all distributions are fully includable in income. The maximum amount excludable from income is the investment in the contract. If the annuitant dies before the entire investment in the contract has been excluded from income, and as a result of the annuitant's death no more payments are due under the contract, then the unrecovered investment in the contract may be deducted on his or her final tax return.

The Code provides that a portion of a non-qualified annuity contract may be annuitized for either (a) a period of 10 years or greater, or (b) for the life or lives of one or more persons. The portion of the contract annuitized would be treated as if it were a separate annuity contract. This means that an annuitization date can be established for a portion of the annuity

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contract annuitized and the above description of the taxation of annuity distributions after the annuitization date would apply to the portion of the contract that has been annuitized. The investment in the contract is required to be allocated pro rata between the portion of the contract that is annuitized and the portion that is not. All other benefits under the contract (e.g., death benefit) would also be reduced pro rata. For example, if 1/3 of the cash value of the contract were to be annuitized, the death benefit would also be reduced by 1/3.

The Code imposes a penalty tax if a distribution is made before the contract owner reaches age 59½. The amount of the penalty is 10% of the portion of any distribution that is includable in gross income. The penalty tax does not apply if the distribution is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the result of a contract owner's death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the result of a contract owner's disability (as defined in the Code);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• one of a series of substantially equal periodic payments made over the life (or life expectancy) of the contract owner or the joint lives (or joint life expectancies) of the contract owner and the beneficiary selected by the contract owner to receive payment under the annuity payment option selected by the contract owner. Substantially equal periodic payments must continue until the later of reaching age 59½ or five years. Modification of payments during that time period will result in retroactive application of the 10% additional penalty tax; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• is allocable to an investment in the contract before August 14, 1982.

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

*Non-Qualified Contracts - Non-Natural Persons as Contract Owners* 

The previous discussion related to the taxation of non-qualified contracts owned by natural persons (individuals). Different rules (the so-called "non-natural persons" rules) apply if the contract owner is not a natural person.

Generally, contracts owned by corporations, partnerships, trusts, and similar entities are not treated as annuity contracts for most purposes of the Code. Therefore, income earned under a non-qualified contract that is owned by a non-natural person is taxed as ordinary income during the taxable year in which it is earned. Taxation is not deferred, even if the income is not distributed out of the contract. The income is taxable as ordinary income, not capital gain.

The non-natural persons rules do not apply to all entity-owned contracts. For purposes of the non-natural persons rule, a contract that is owned by a non-natural person as an agent of an individual is treated as owned by the individual. This would allow the contract to be treated as an annuity under the Code, allowing tax deferral. However, this exception does not apply when the non-natural person is an employer that holds the contract under a non-qualified deferred compensation arrangement for one or more employees.

The non-natural persons rules also do not apply to contracts that are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• acquired by the estate of a decedent by reason of the death of the decedent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• issued in connection with certain qualified retirement plans and individual retirement plans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• purchased by an employer upon the termination of certain qualified retirement plans; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• immediate annuities within the meaning of Section 72(u) of the Code.

If the annuitant, who is the individual treated as owning the contract, dies before the contract is completely distributed, the balance may be included in the annuitant's gross estate for tax purposes, depending on the obligations that the non-natural owner may have owed to the annuitant.

***Diversification and Investor Control*** 

Code Section 817(h) contains rules on diversification requirements for variable annuity contracts. A variable annuity contract that does not meet these diversification requirements will not be treated as an annuity, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the failure to diversify was inadvertent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the failure is corrected; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a fine is paid to the Internal Revenue Service.

The amount of the fine will be the amount of tax that would have been paid by the contract owner if the income, for the period the contract was not diversified, had been received by the contract owner.

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If the violation is not corrected, the contract owner will be considered the owner of the underlying securities and will be currently taxed on the earnings of his or her contract. Nationwide believes that the investments underlying this contract meet these diversification requirements.

For a variable contract to receive favorable tax treatment, the life insurance company must be considered the owner of the underlying assets within the separate account that supports the investment options within the contract. If the contract owner is considered to exercise investment control over the separate account assets, the contract owner will be treated as the owner of those assets and not the insurance company. As a result, the income and gain attributed to the separate account assets will be taxed currently to the contract owner. The IRS has issued guidance that the number of investment options available or the number of transfer opportunities available under a variable product may be relevant in determining whether the variable contract owner will be considered the owner of the separate account assets. Should the Treasury Secretary issue additional rules or regulations that would limit the extent to which a contract owner may direct their investments of particular underlying investment options without being treated as owner of the separate account assets, then Nationwide will take whatever steps are available to remain in compliance.

Based on the above, we believe that the contract qualifies as an annuity contract for federal income tax purposes.

***Exchanges*** 

As a general rule, federal income tax law treats an exchange of property in the same manner as a taxable sale of the property. However, pursuant to Section 1035 of the Code, an annuity contract may be exchanged tax-free for another annuity contract. If the exchange includes the receipt of other property, such as cash, in addition to another annuity contract, special rules may cause a portion of the transaction to be taxable to the extent of the value of the other property.

*Tax Treatment of a Partial 1035 Exchange With Subsequent Withdrawal* 

Partial exchanges may be treated as a tax-free exchange under Code Section 1035. IRS Rev. Proc. 2011-38 addresses the income tax consequences of the direct transfer of a portion of the cash value of an annuity contract in exchange for the issuance of a second annuity contract (a partial exchange). A direct transfer that satisfies the revenue procedure will be treated as a tax-free exchange under Section 1035 of the Code if, for a period of at least 180 days from the date of the direct transfer, there are no distributions or surrenders from either annuity contract involved in the exchange. In addition, the 180-day period will be deemed to have been satisfied with respect to amounts received as an annuity for a period of 10 years or more, or as an annuity for the life of one or more persons. The taxation of distributions (other than distributions described in the immediately preceding sentence) received from either contract within the 180-day period will be determined using general tax principles. For example, they could be treated as taxable "boot" in an otherwise tax-free exchange, or as a distribution from the new contract. Please discuss any tax consequences concerning any contemplated or completed transactions with a professional tax advisor.

***Additional Medicare Tax*** 

Section 1411 of the Code imposes a surtax of 3.8% on certain net investment income received by individuals and certain trusts and estates. The surtax is imposed on the lesser of (a) net investment income or (b) the excess of the modified adjusted gross income over a threshold amount. For individuals, the threshold amount is $250,000 (married filing jointly); $125,000 (married filing separately); or $200,000 (other individuals). The threshold for estates and trusts is $16,000.

Modified adjusted gross income is equal to adjusted gross income with several modifications; consult with a qualified tax advisor regarding how to determine modified adjusted gross income for purposes of determining the applicability of the surtax.

Net investment income includes, but is not limited to, interest, dividends, capital gains, rent and royalty income, and income from nonqualified annuities. Net investment income does not include, among other things, distributions from certain qualified plans (such as IRAs, Roth IRAs, and plans described in Code Sections 401(a), 401(k), 403(a), 403(b) or 457(b)); however, such distributions, to the extent that they are includible in income for federal income tax purposes, are includible in modified adjusted gross income.

**Required Distributions**

The Code requires that certain distributions be made from the contracts issued in conjunction with this prospectus. Following is an overview of the required distribution rules applicable to each type of contract. Consult a qualified tax or financial professional for more specific required distribution information.

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***Required Distributions – General Information*** 

In general, depending on the type of contract, the Code requires that minimum distributions begin during the contract owner's lifetime. In addition, the Code requires that upon the death of the contract owner, minimum distributions must be made to the contract owner's beneficiary. A beneficiary is an individual or other entity that the contract owner designates to receive death proceeds upon the contract owner's death. The distribution rules in the Code make a distinction between "beneficiary" and "designated beneficiary" when determining the life expectancy that may be used for payments that are made after the death of the contract owner from IRAs, SEP IRAs, Simple IRAs, Roth IRAs, Tax Sheltered Annuities, and non-qualified annuity contracts. A designated beneficiary is a natural person (individual) who is designated by the contract owner as the beneficiary under the contract. Non-natural beneficiaries (e.g. charities, estates, or certain trusts) are not designated beneficiaries for the purpose of required distributions and the life expectancy of such a beneficiary is zero.

Life expectancies and joint life expectancies will be determined in accordance with the relevant guidance provided by the Internal Revenue Service and the Treasury Department, including but not limited to Treasury Regulation 1.72-9 and Treasury Regulation 1.401(a)(9)-9.

Required distributions paid upon the death of the contract owner are paid to the beneficiary or beneficiaries stipulated by the contract owner. How quickly the distributions must be made may be determined with respect to the life expectancies of the beneficiaries. For non-qualified contracts, the beneficiaries used in the determination of the distribution period are those in effect on the date of the contract owner's death. For contracts other than non-qualified contracts, the beneficiaries used in the determination of the distribution period do not have to be determined until September 30 of the year following the contract owner's death. Any beneficiary that is not a designated beneficiary has a life expectancy of zero.

***Required Distributions for Non-Qualified Contracts*** 

Code Section 72(s) requires Nationwide to make certain minimum distributions when a contract owner dies. The following distributions will be made in accordance with the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If any contract owner dies on or after the annuitization date and before the entire interest in the contract has been distributed, then the remaining interest must be distributed at least as rapidly as the distribution method in effect on the contract owner's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If any contract owner dies before the annuitization date, then the entire interest in the contract (consisting of either the death benefit or the contract value reduced by charges set forth elsewhere in the contract) must be distributed within five years of the contract owner's death, provided however:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any interest payable to or for the benefit of a designated beneficiary may be distributed over the life of the designated beneficiary or over a period not longer than the life expectancy of the designated beneficiary. Payments must begin within one year of the contract owner's death unless otherwise permitted by federal income tax regulations; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the designated beneficiary is the surviving spouse of the deceased contract owner, the spouse can choose to become the contract owner instead of receiving a death benefit. Any distributions required under these distribution rules will be made upon that spouse's death.

In the event that the contract owner is not a natural person (e.g., a trust or corporation), but is acting as an agent for a natural person, for purposes of these distribution provisions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the death of the annuitant will be treated as the death of a contract owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any change of annuitant will be treated as the death of a contract owner; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in either case, the appropriate distribution will be made upon the death or change, as the case may be.

These distribution provisions do not apply to any contract exempt from Section 72(s) of the Code by reason of Section 72(s)(5) or any other law or rule.

The Code does not require that minimum distributions during the contract owner's lifetime.

***Required Distributions for Tax Sheltered Annuities, IRAs, SEP IRAs, Simple IRAs, and Roth IRAs*** 

*<u>Required Distributions During the Life of the Contract Owner</u>* 

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Distributions from a Tax Sheltered Annuity, IRA, SEP IRA or Simple IRA must begin no later than the required beginning date which is April 1 of the calendar year following the calendar year in which the contract owner reaches their applicable age. The applicable age is:

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| | |
|:---|:---|
| **If the individual was born…** | **The applicable age is…** |
| Before July 1, 1949 | &nbsp;&nbsp; 70½ |
| After June 30, 1949 and before 1951 | &nbsp;&nbsp; 72 |
| After 1950 and before 1960 | &nbsp;&nbsp; 73 |
| After 1959 | &nbsp;&nbsp; 75 |

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Distributions may be paid in a lump sum or in substantially equal payments over:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the life of the contract owner or the joint lives of the contract owner and the contract owner's designated beneficiary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a period not longer than the period determined under the table in Treasury Regulation 1.401(a)(9)-9, which is the deemed joint life expectancy of the contract owner and a person 10 years younger than the contract owner. If the designated beneficiary is the spouse of the contract owner, the period may not exceed the longer of the period determined under such table or the joint life expectancy of the contract owner and the contract owner's spouse, determined in accordance with Treasury Regulation 1.401(a)(9)-9.

For Tax Sheltered Annuities, required distributions do not have to be withdrawn from this contract if they are being withdrawn from another Tax Sheltered Annuity of the contract owner.

For IRAs, SEP IRAs, and Simple IRAs, required distributions do not have to be withdrawn from this contract if they are being withdrawn from another IRA, SEP IRA, or Simple IRA of the contract owner.

The rules for Roth IRAs do not require distributions to begin during the contract owner's lifetime, therefore, the required beginning date is not applicable to Roth IRAs.

*<u>Required Distributions Upon Death of a Contract Owner</u>* 

For death of a contract owner before January 1, 2020, please consult your tax advisor or legal counsel regarding the post-death minimum distribution rules that apply. If the contract owner dies on or after January 1, 2020, and the designated beneficiary is not an eligible designated beneficiary as defined under Code Section 401(a)(9), then the entire balance of the contract must be distributed by December 31<sup>st</sup> of the tenth year following the contract owner's death. This 10-year post-death distribution period applies regardless of whether the contract owner dies before or after the contract owner's required beginning date. Where a contract owner dies after their required beginning date, a designated beneficiary who is not an eligible designated beneficiary must continue to take annual distributions during the 10-year post-death distribution period, based generally on their life expectancy, with the entire balance of the contract required to be distributed by the end of the 10-year post-death period. Please discuss with your tax advisor about the impact this may have on your situation.

In the case of an eligible designated beneficiary, which includes (1) the contract owner's surviving spouse, (2) a minor child of the contract owner, (3) a disabled individual, (4) a chronically ill individual, or (5) an individual not more than 10 years younger than the contract owner, the entire balance of the contract can be distributed over a period not exceeding the life or life expectancy of the eligible designated beneficiary provided that distributions begin by December 31<sup>st</sup> of the calendar year after the calendar year of the contract owner's death. If an eligible designated beneficiary dies before the entire interest is distributed, the remaining interest must be distributed by December 31st of the tenth year following the eligible designated beneficiary's death.

A distribution in the form of annuity payments (an annuitization) that began on or after January 1, 2020, while the contract owner was alive may need to be commuted or modified after the contract owner's death in order to comply with the post-death distribution requirements. However, distributions in the form of annuity payments (an annuitization) that began prior to January 1, 2020, while the contract owner was alive, can continue under that method after the death the contract owner without modification.

In addition, a beneficiary who is not a designated beneficiary, such as a charity, estate, or trust, must withdraw the entire account balance by December 31<sup>st</sup> of the fifth year following the contract owner's death.

Regardless of whether the contract owner dies before, or on or after January 1, 2020, a designated beneficiary who is the surviving spouse of the deceased contract owner may choose to become the contract owner. Any distributions required under these distribution rules will be made upon the surviving spouse's death.

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If the above distribution requirements are not met, a penalty tax of 25% is levied on the difference between the amount that should have been distributed for that year and the amount that actually was distributed for that year. The penalty tax is reduced to 10% if the required distribution not taken is distributed within a "correction window" as defined under the Code.

Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.

**Other Considerations**

***Same-Sex Marriages, Domestic Partnership, and Other Similar Relationships*** 

The Treasury issued final regulations that address what relationships are considered marriages for federal tax purposes. The final regulation's definition of a marriage reflects the United States Supreme Court holdings in Windsor and Obergefell, as well as Rev. Proc. 2017-13.

The final regulations define the terms "spouse," "husband," "wife," and "husband and wife" to be gender neutral so that these terms can apply equally to same sex couples and opposite sex couples. In addition, the regulations adopt the "place of celebration" rule to determine marital status for federal tax purposes. Therefore, a marriage of two individuals is recognized for federal tax purposes if the marriage is recognized by a state, possession, or territory of the US in which the marriage was entered into, regardless of the couple's place of domicile.

Consistent with IRS Rev. Proc. 2013-17, the final regulations provide that relationships entered into as civil unions or registered domestic partnerships that are not denominated as marriages under state law are not marriages for federal tax purposes. Therefore, the favorable income-tax deferral options afforded by federal tax law to a married spouse under Code Sections 72 and 401(a)(9) are not available to individuals who have entered into these formal relationships.

***Withholding*** 

The taxable portion of a distribution from a contract is subject to federal income tax. Nationwide is required to withhold the tax from the distributions unless the contract owner requests otherwise. Under some circumstances, the Code will not permit contract owners to waive withholding. Such circumstances include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the payee does not provide Nationwide with a taxpayer identification number; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if Nationwide receives notice from the Internal Revenue Service that the taxpayer identification number furnished by the payee is incorrect.

If a contract owner is prohibited from waiving withholding, as described above, the portion of the distribution that represents income will be subject to withholding rates established by Section 3405 of the Code.

If the distribution is from a Tax Sheltered Annuity, it will be subject to mandatory 20% withholding that cannot be waived, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the distribution is made directly to another Tax Sheltered Annuity, qualified pension or profit-sharing plan described in Section 401(a), an eligible deferred compensation plan described in Section 457(b) which is maintained by an eligible employer described in section 457(e)(1)(A) or individual retirement plan; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the distribution satisfies the minimum distribution requirements imposed by the Code.

***Non-Resident Aliens*** 

Generally, the taxable portion of a distribution from a contract to a non-resident alien is subject to federal income tax at a rate of 30% of the amount of income that is distributed.

Nationwide is required to withhold this amount and send it to the Internal Revenue Service. Some distributions to non-resident aliens may be subject to a lower (or no) tax if a treaty applies. In order to obtain the benefits of such a treaty, the non-resident alien must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) provide Nationwide with a properly completed withholding certificate claiming the treaty benefit of a lower tax rate or exemption from tax; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) provide Nationwide with an individual taxpayer identification number.

If the non-resident alien does not meet the above conditions, Nationwide will withhold 30% of income from the distribution.

Another exemption from the 30% withholding rate is available if the non-resident alien provides Nationwide with sufficient evidence that:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the distribution is connected to the non-resident alien's conduct of business in the United States;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the distribution is includable in the non-resident alien's gross income for United States federal income tax purposes; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) provide Nationwide with a properly completed withholding certificate claiming the exemption.

Note that for the preceding exemption, the distributions would be subject to the same withholding rules that are applicable to payments to United States persons.

This prospectus does not address any tax matters that may arise by reason of application of the laws of a non-resident alien's country of citizenship and/or country of residence. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the applicability of laws of those jurisdictions to the purchase or ownership of a contract.

***FATCA*** 

Under Sections 1471 through 1474 of the Internal Revenue Code (commonly referred to as FATCA), distributions from a contract to a foreign financial institution or to a nonfinancial foreign entity, each as described by FATCA, may be subject to United States tax withholding at a flat rate equal to 30% of the taxable amount of the distribution, irrespective of the status of any beneficial owner of the contract or of the distribution. Nationwide may require a contract owner to provide certain information or documentation (e.g., Form W-9 or Form W-8BEN) to determine its withholding requirements under FATCA.

***Federal Estate, Gift and Generation Skipping Transfer Taxes*** 

The following transfers may be considered a gift for federal gift tax purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a transfer of the contract from one contract owner to another; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a distribution to someone other than a contract owner.

Upon the contract owner's death, the value of the contract may be subject to estate taxes, even if all or a portion of the value is also subject to federal income taxes.

Section 2612 of the Code may require Nationwide to determine whether a death benefit or other distribution is a "direct skip" and the amount of the resulting generation skipping transfer tax, if any. A direct skip is when property is transferred to, or a death benefit or other distribution is made to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) an individual who is two or more generations younger than the contract owner; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) certain trusts, as described in Section 2613 of the Code (generally, trusts that have no beneficiaries who are not two or more generations younger than the contract owner).

If the contract owner is not an individual, then for this purpose only, "contract owner" refers to any person:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• who would be required to include the contract, death benefit, distribution, or other payment in his or her federal gross estate at his or her death; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• who is required to report the transfer of the contract, death benefit, distribution, or other payment for federal gift tax purposes.

If a payment is subject to the generation skipping transfer tax, Nationwide may be required to deduct the amount of the transfer tax from the death benefit, distribution or other payment, and remit it directly to the Internal Revenue Service.

***Charge for Tax*** 

Nationwide is not required to maintain a capital gain reserve liability on non-qualified contracts. If tax laws change requiring a reserve, Nationwide may implement and adjust a tax charge.

**State Taxation** 

The tax rules across the various states and localities are not uniform and therefore are not discussed in this prospectus. Tax rules that may apply to contracts issued in U.S. territories such as Puerto Rico and Guam are also not discussed. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.

------

**Appendix C: Standard Death Benefit (Five-Year Reset Death Benefit) Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the Standard Death Benefit (Five-Year Reset Death Benefit) is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1991 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $106678 |
| 01-01-1996 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $90326 |
| 01-01-2001 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $98267 |
| 03-01-2001 | Annuitant's 86th birthday | n/a | $98555 |
| 01-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $97113 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $97,113

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $98,267

------

**Appendix D: One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1994 | Contract Anniversary | n/a | $123362 |
| 03-01-1996 | Annuitant's 86th birthday | n/a | $111026 |
| 02-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $119368 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $119,368

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $123,362

------

**Appendix E: One-Year Step Up Death Benefit Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the One-Year Step Up Death Benefit Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1994 | Contract Anniversary | n/a | $123362 |
| 03-01-1996 | Annuitant's 86th birthday | n/a | $111026 |
| 02-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $119368 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $119,368

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $123,362

------

**Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% compound interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 02-14-1988 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $25000 | $133666 |
| 07-28-1996 | Partial Withdrawal | $10000 | $176202 |
| 09-30-2004 | Annuitant's 86th birthday | n/a | $242807 |
| 03-01-2005 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $11000 | $257803 |
| 05-15-2007 | Partial Withdrawal | $7000 | $274079 |
| 04-18-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $295602 |

---

\* The Contract Value shown assumes a 4% net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $295,602

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; $126,067

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value $252,134

**Conclusion** 

Death Benefit = 295,602

------

**Appendix G: 5% Enhanced Death Benefit Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the 5% Enhanced Death Benefit Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% simple interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 02-14-1988 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $25000 | $133666 |
| 07-28-1996 | Partial Withdrawal | $10000 | $176202 |
| 09-30-2004 | Annuitant's 86th birthday | n/a | $242807 |
| 03-01-2005 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $11000 | $257803 |
| 05-15-2007 | Partial Withdrawal | $7000 | $274079 |
| 04-18-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $295602 |

---

\* The Contract Value shown assumes a 4% net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value as of the date that Nationwide receives all the information necessary to pay the death benefit; $295,602

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value $252,134

**Conclusion** 

Death Benefit = 295,602

------

**Appendix H: Financial Intermediary Variations**

Some broker-dealers that have entered into selling agreements with Nationwide (or an affiliate) to sell this contract impose restrictions on their financial professionals that prohibit or limit the recommendation of specific features, benefits, and investment options that are described in this prospectus. Those restrictions are made by the broker-dealer and may or may not be known to Nationwide. Currently, Nationwide is not aware of any such restrictions; however, this conclusion is based only on information that Nationwide could obtain without unreasonable effort or expense and does not reflect restrictions the knowledge of which rests peculiarly with unaffiliated broker-dealers. **Applicants/Contract Owners should discuss broker-dealer restrictions on features, benefits, and investment options directly with their financial professional.**

------

**Outside back cover page** 

The Statement of Additional Information contains additional information about the Variable Account. To obtain a free copy of the Statement of Additional Information, request other information about the contract, or to make any other service requests, contact Nationwide at 1-800-848-6331 or by one of the other methods described in *Contacting the Service Center*.

The Statement of Additional Information has been filed with the SEC and is incorporated by reference into this prospectus. The SAI is also available at https://nationwide.onlineprospectus.net/NW/C000024727NW/index.php?ctype=product_sai. This prospectus is available at https://nationwide.onlineprospectus.net/NW/C000024727NW/index.php?ctype=product_prospectus.

Reports and other information about the Variable Account are available on the SEC's website at http://www.sec.gov. Copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

SEC Contract Identifier: C000024727

------

**NEA Valuebuilder Future**<sup>SM</sup>

**Individual Modified Single Premium Deferred Variable Annuity Contracts** 

Issued by

**Nationwide Life Insurance Company** 

through its

**Nationwide Variable Account-9** 

The date of this prospectus is May 1, 2026.

This prospectus contains important information about the contracts that should be understood before investing. Read this prospectus carefully and keep it for future reference. The contract described in this prospectus is no longer available for purchase.

Variable annuities are complex investment products and involve risks, including the potential loss of principal. The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals under the contract could result in Contingent Deferred Sales Charges, taxes, and tax penalties.

Variable annuities have unique benefits and advantages that may be particularly useful in meeting long-term savings and retirement needs. There are costs and charges associated with these benefits and advantages - costs and charges that are different, or do not exist at all, within other investment products. With help from financial professionals, investors are encouraged to compare and contrast the costs and benefits of the variable annuity described in this prospectus against those of other investment products, especially other variable annuity and variable life insurance products offered by Nationwide and its affiliates. Nationwide offers a wide array of such products, many with different charges, benefit features, and investment options. This process of comparison and analysis should aid in determining whether the purchase of the contract described in this prospectus is consistent with the purchaser's investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and other personal characteristics and needs.

Variable annuities are not insured by the Federal Deposit Insurance Corporation or any other federal government agency, and are not deposits of, guaranteed by, or insured by the depository institution where offered or any of its affiliates. The SEC has not approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. Additional information about certain investment products, including variable annuities, has been prepared by the SEC's staff and is available at Investor.gov.

The investment options available under the contract consist of Sub-Accounts that invest in underlying mutual funds, which offer a variable rate of return, a Fixed Account, which offers a fixed rate of return, and Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025), which offer an enhanced rate of return subject to a market value adjustment. Additional information about the investment options is available in *Appendix A: Investment Options Available Under the Contract.* <br>

This contract contains features that apply credits to the Contract Value. The benefit of the credits may be more than offset by the additional fees that the Contract Owner will pay in connection with the credits. A contract without credits may cost less. Additionally, with respect to the Extra Value Option, the cost of electing the option and the recapture of the credits (in the event of a withdrawal) could exceed any benefit of receiving the Extra Value Option credits.

**The availability of investment options, contract benefits, or other contract features described in this prospectus may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations* for additional information).**

**Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract and decide if they want to keep it or cancel it. This right is referred to as a "free look" right. The length of this time period depends on state law and may vary depending on whether the purchase is a replacement of another annuity contract. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date (see *Right to Examine and Cancel* and *Contacting the Service Center*).**

**If the Contract Owner elects to cancel the contract pursuant to the free look provision, where required by law, Nationwide will return the greater of the Contract Value or the amount of purchase payment(s) applied during the free look period, less any Extra Value Option credits, withdrawals from the contract, and applicable federal and** 

------

**state income tax withholding. Otherwise, Nationwide will return the Contract Value, less any Extra Value Option credits, withdrawals from the contract, and applicable federal and state income tax withholding (see *Right to Examine and Cancel*).**

All guarantees under the contract are subject to Nationwide's creditworthiness and claims-paying ability.

------

**Glossary of Special Terms** 

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Accumulation Unit** – An accounting unit of measure used to calculate the Contract Value allocated to the Variable <br> Account before the Annuitization Date.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Annuitant** – The person(s) whose length of life determines how long annuity payments are paid. The Annuitant must <br> be living on the date the contract is issued.<br>|
| **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. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Co-Annuitant** – The person designated by the Contract Owner to receive the benefit associated with the Spousal <br> Protection Feature.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Contingent Annuitant** – The individual who becomes the Annuitant if the Annuitant dies before the Annuitization <br> Date.<br>|
| **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. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Contract Value** – The value of all Accumulation Units in a contract plus any amount held in the Fixed Account, the <br> GTOs, and the collateral fixed account.<br>|
| **Contract Year** – Each year the contract is in force beginning with the date the contract is issued. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Daily Net Assets** – A figure that is calculated at the end of each Valuation Date and represents the sum of all the <br> Contract Owners interests in the Sub-Accounts after the deduction of underlying mutual fund expenses.<br>|
| **ERISA** – The Employee Retirement Income Security Act of 1974, as amended. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Fixed Account** – An investment option that is funded by Nationwide's General Account. Amounts allocated to the <br> Fixed Account will receive periodic interest subject to a guaranteed minimum crediting rate.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **General Account** – All assets of Nationwide other than those of the Variable Account or in other separate accounts of <br> Nationwide.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Guaranteed Term Options ("GTOs")** – Investment options that provide a guaranteed fixed interest rate paid over <br> specific term duration and contain a market value adjustment feature. Guaranteed Term Options are referred to as <br> Target Term Options in some states.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Individual Retirement Account** – An account that qualifies for favorable tax treatment under Section 408(a) of the <br> Internal Revenue Code, but does not include Roth IRAs.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Individual Retirement Annuity or IRA** – An annuity contract that qualifies for favorable tax treatment under Section <br> 408(b) of the Internal Revenue Code, but does not include Roth IRAs or Simple IRAs.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Investment-Only Contract** – A contract purchased by a qualified pension, profit-sharing, or stock bonus plan as <br> defined by Section 401(a) of the Internal Revenue Code.<br>|
| **Nationwide** – Nationwide Life Insurance Company. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net Asset Value** – The value of one share of an underlying mutual fund at the close of regular trading on the New <br> York Stock Exchange.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Non-Qualified Contract** – A contract which does not qualify for favorable tax treatment as a Qualified Plan, IRA, Roth <br> IRA, SEP IRA, Simple IRA, or Tax Sheltered Annuity.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Qualified Plan** – A retirement plan that receives favorable tax treatment under Section 401 of the Internal Revenue <br> Code, including Investment-Only Contracts. In this prospectus, all provisions applicable to Qualified Plans also apply <br> to Investment-Only Contracts unless specifically stated otherwise.<br>|

---

------

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Roth IRA** – An annuity contract that qualifies for favorable tax treatment under Section 408A of the Internal Revenue <br> Code.<br>|
| **SEC** – Securities and Exchange Commission. |
| &nbsp;&nbsp;&nbsp;&nbsp; **SEP IRA** – An annuity contract which qualifies for favorable tax treatment under Section 408(k) of the Internal <br> Revenue Code.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Service Center** – The department of Nationwide responsible for receiving all service and transaction requests relating <br> to the contract. For service and transaction requests submitted other than by telephone (including fax requests), the <br> Service Center is Nationwide's mail and document processing facility. For service and transaction requests <br> communicated by telephone, the Service Center is Nationwide's operations processing facility. Information on how to <br> contact the Service Center is in the *Contacting the Service Center* provision.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Simple IRA** – An annuity contract which qualifies for favorable tax treatment under Section 408(p) of the Internal <br> Revenue Code.<br>|
| **Sub-Accounts** – Divisions of the Variable Account, each of which invests in a single underlying mutual fund. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Target Term Option** – Investment options that are, in all material respects, the same as Guaranteed Term Options. All <br> references in this prospectus to Guaranteed Term Options will also mean Target Term Options (in applicable <br> jurisdictions).<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Tax Sheltered Annuity** – An annuity that qualifies for favorable tax treatment under Section 403(b) of the Internal <br> Revenue Code.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Valuation Date** – Each day the New York Stock Exchange is open for business or any other day during which there is <br> a sufficient degree of trading such that the current Net Asset Value of the underlying mutual fund shares might be <br> materially affected. Values of the Variable Account are determined as of the close of regular trading on the New <br> York Stock Exchange, which generally closes at 4:00 p.m. EST.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Valuation Period** – The period of time commencing at the close of a Valuation Date and ending at the close of <br> regular trading on the New York Stock Exchange for the next succeeding Valuation Date.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Variable Account** – Nationwide Variable Account-9, a separate account that Nationwide established to hold Contract <br> Owner assets allocated to variable investment options. The Variable Account is divided into Sub-Accounts, each of <br> which invests in a separate underlying mutual fund.<br>|

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **Page** |
| **[Glossary of Special Terms](#xx_50cab2c4-76f8-45ff-897f-85874a9165e4_1)** | &nbsp;&nbsp; 3 |
| **[Overview of the Contract](#xx_40624166-2a77-422f-9680-24343209f669_1)** | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Purpose of the Contract](#xx_40624166-2a77-422f-9680-24343209f669_1) | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Phases of the Contract](#xx_40624166-2a77-422f-9680-24343209f669_1) | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Features](#xx_40624166-2a77-422f-9680-24343209f669_1) | &nbsp;&nbsp; 8 |
| **[Important Information You Should Consider About the Contract](#xx_22fc2003-9273-403c-9444-23669d88c6e5_1)** | &nbsp;&nbsp; 11 |
| **[Fee Table](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_1)** | &nbsp;&nbsp; 14 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Example](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_3) | &nbsp;&nbsp; 16 |
| **[Principal Risks](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_3)** | &nbsp;&nbsp; 16 |
| **[Nationwide and the Variable Account](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_5)** | &nbsp;&nbsp; 18 |
| **[Investment Options](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_6)** | &nbsp;&nbsp; 19 |
| &nbsp;&nbsp;&nbsp;&nbsp; [The Sub-Accounts and Underlying Mutual Funds](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_6) | &nbsp;&nbsp; 19 |
| &nbsp;&nbsp;&nbsp;&nbsp; [The Fixed Account](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_7) | &nbsp;&nbsp; 20 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Term Options](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_9) | &nbsp;&nbsp; 22 |
| **[Contacting the Service Center](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_10)** | &nbsp;&nbsp; 23 |
| **[Charges and Adjustments](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_10)** | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Mortality and Expense Risk Charge](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_10) | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Deferred Sales Charge](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_10) | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Premium Taxes](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Loan Processing Fee and Loan Interest Charge](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reduced Purchase Payment Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Five Year CDSC Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Additional Withdrawal Without Charge and Disability Waiver](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [10 Year and Disability Waiver](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Hardship Waiver](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Step Up Death Benefit Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [5% Enhanced Death Benefit Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Minimum Income Benefit Options](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Extra Value Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary Protector Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Capital Preservation Plus Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Removal of Variable Account Charges](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Fund Charges](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_15) | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Market Value Adjustment](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_15) | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Profitability](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_16) | &nbsp;&nbsp; 29 |
| **[The Contract in General](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_16)** | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Types of Contracts Issued](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_16) | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Minimum Initial and Subsequent Purchase Payments](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_16) | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Dollar Limit Restrictions](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Money Laundering](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Replacements](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contestability](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Payments to Minors](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Misuse](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide's General Account Obligations](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contractual Guarantees](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reservation of Rights](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Distribution, Promotional, and Sales Expenses](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Fund Service Fee Payments](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Treatment of Unclaimed Property](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_20) | &nbsp;&nbsp; 33 |
| **[Benefits Under the Contract](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_20)** | &nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Standard Benefits Table](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_20) | &nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Optional Benefits Table](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_21) | &nbsp;&nbsp; 34 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Standard Death Benefit (Five-Year Reset Death Benefit)](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_24) | &nbsp;&nbsp; 37 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reduced Purchase Payment Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_25) | &nbsp;&nbsp; 38 |

---

------

**Table of Contents (continued)**

---

| | |
|:---|:---|
|  | **Page** |
| &nbsp;&nbsp;&nbsp;&nbsp; [Five Year CDSC Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_25) | &nbsp;&nbsp; 38 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Additional Withdrawal Without Charge and Disability Waiver](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_26) | &nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp;&nbsp; [10 Year and Disability Waiver](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_26) | &nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Hardship Waiver](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Step Up Death Benefit Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_28)<br> [Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_28)<br>| &nbsp;&nbsp; 41 |
| &nbsp;&nbsp;&nbsp;&nbsp; [5% Enhanced Death Benefit Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_29) | &nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Spousal Protection Feature](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_29) | &nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Minimum Income Benefit Options](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_30) | &nbsp;&nbsp; 43 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Extra Value Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_32) | &nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary Protector Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_33) | &nbsp;&nbsp; 46 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Capital Preservation Plus Option](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_34) | &nbsp;&nbsp; 47 |
| **[Ownership and Interests in the Contract](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_37)** | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Owner](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Joint Owner](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Owner](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitant](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Co-Annuitant](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Annuitant](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Joint Annuitant](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary and Contingent Beneficiary](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Changes to the Parties to the Contract](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Community Property States](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_39) | &nbsp;&nbsp; 52 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Assignment](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_39) | &nbsp;&nbsp; 52 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficially Owned Contracts](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_40) | &nbsp;&nbsp; 53 |
| **[Operation of the Contract](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_40)** | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Pricing](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_40) | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Application and Allocation of Purchase Payments](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_40) | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Determining the Contract Value](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_41) | &nbsp;&nbsp; 54 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfer Requests](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_42) | &nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfers Prior to Annuitization](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_42) | &nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfers After Annuitization](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_43) | &nbsp;&nbsp; 56 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfer Restrictions](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_43) | &nbsp;&nbsp; 56 |
| **[Right to Examine and Cancel](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_45)** | &nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Allocation of Purchase Payments during Free Look Period](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_45) | &nbsp;&nbsp; 58 |
| **[Surrender/Withdrawal Prior to Annuitization](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_45)** | &nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Partial Withdrawals](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_46) | &nbsp;&nbsp; 59 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Full Surrenders](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_46) | &nbsp;&nbsp; 59 |
| **[Surrender/Withdrawal After Annuitization](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_47)** | &nbsp;&nbsp; 60 |
| **[Withdrawals Under Certain Plan Types](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_47)** | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals Under a Texas Optional Retirement Program or a Louisiana Optional Retirement Plan](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_47) | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals Under a Tax Sheltered Annuity](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_47) | &nbsp;&nbsp; 60 |
| **[Loan Privilege](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_48)** | &nbsp;&nbsp; 61 |
| **[Contract Owner Services](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_51)** | &nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Asset Rebalancing](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_51) | &nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Dollar Cost Averaging](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_52) | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Enhanced Fixed Account Dollar Cost Averaging](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_52) | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Systematic Withdrawals](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_53) | &nbsp;&nbsp; 66 |
| **[Death Benefit](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_54)** | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Contract Owner](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Annuitant](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Contract Owner/Annuitant](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit Payment](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit Calculations](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_55) | &nbsp;&nbsp; 68 |
| **[Annuity Commencement Date](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_55)** | &nbsp;&nbsp; 68 |

---

------

**Table of Contents (continued)**

---

| | |
|:---|:---|
|  | **Page** |
| **[Annuitizing the Contract](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_55)** | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitization Date](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_55) | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitization](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Fixed Annuity Payments](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Variable Annuity Payments](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Frequency and Amount of Annuity Payments](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_56) | &nbsp;&nbsp; 69 |
| **[Annuity Payment Options](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_57)** | &nbsp;&nbsp; 70 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuity Payment Options Available to All Contracts](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_57) | &nbsp;&nbsp; 70 |
| **[Statements and Reports](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_58)** | &nbsp;&nbsp; 71 |
| **[Legal Proceedings](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_58)** | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide Life Insurance Company](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_58) | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Security Distributors, LLC ("SDL")](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_58) | &nbsp;&nbsp; 71 |
| **[Financial Statements](#xx_ec180ba5-3d63-40b4-ae7d-51a1e110436b_59)** | &nbsp;&nbsp; 72 |
| **[Appendix A: Investment Options Available Under the Contract](#xx_8554271d-c5f1-4da1-b31e-b7053941afcc_1)** | &nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Funds](#xx_8554271d-c5f1-4da1-b31e-b7053941afcc_1) | &nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Fixed Options](#xx_8554271d-c5f1-4da1-b31e-b7053941afcc_6) | &nbsp;&nbsp; 78 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Income Benefit Investment Options](#xx_8554271d-c5f1-4da1-b31e-b7053941afcc_7) | &nbsp;&nbsp; 79 |
| **[Appendix B: Contract Types and Tax Information](#xx_eb86f1dc-bcf7-465c-bc3a-5bc0121493f5_1)** | &nbsp;&nbsp; 80 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Types of Contracts](#xx_eb86f1dc-bcf7-465c-bc3a-5bc0121493f5_1) | &nbsp;&nbsp; 80 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Federal Tax Considerations](#xx_eb86f1dc-bcf7-465c-bc3a-5bc0121493f5_3) | &nbsp;&nbsp; 82 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Required Distributions](#xx_eb86f1dc-bcf7-465c-bc3a-5bc0121493f5_7) | &nbsp;&nbsp; 86 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Other Considerations](#xx_eb86f1dc-bcf7-465c-bc3a-5bc0121493f5_10) | &nbsp;&nbsp; 89 |
| &nbsp;&nbsp;&nbsp;&nbsp; [State Taxation](#xx_eb86f1dc-bcf7-465c-bc3a-5bc0121493f5_11) | &nbsp;&nbsp; 90 |
| **[Appendix C:](#xx_ded64582-be7e-4037-a5e8-71968d1398f8_1) [Standard Death Benefit (Five-Year Reset Death Benefit) Example](#xx_ded64582-be7e-4037-a5e8-71968d1398f8_1)** | &nbsp;&nbsp; 91 |
| **[Appendix D: One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_18d63105-9edd-46bb-ac8d-46ce21494617_1)**<br> **[Option Example](#xx_18d63105-9edd-46bb-ac8d-46ce21494617_1)**<br>| &nbsp;&nbsp; 92 |
| **[Appendix E: One-Year Step Up Death Benefit Option Example](#xx_c90ae263-c4fe-47d0-a241-6f634a1e0573_1)** | &nbsp;&nbsp; 93 |
| **[Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and](#xx_f4c56899-14db-45a2-82e3-c12ee2600d96_1)**<br> **[Spousal Protection Option Example](#xx_f4c56899-14db-45a2-82e3-c12ee2600d96_1)**<br>| &nbsp;&nbsp; 94 |
| **[Appendix G: 5% Enhanced Death Benefit Option Example](#xx_5cedcec3-a800-4080-845b-23002ffe0018_1)** | &nbsp;&nbsp; 95 |
| **[Appendix H: Financial Intermediary Variations](#xx_9f9d24a4-dc92-4635-8e92-534b52952fa7_1)** | &nbsp;&nbsp; 96 |

---

------

**Overview of the Contract** 

**Purpose of the Contract** 

The contract is intended to be a long-term investment vehicle to assist investors in saving for and living in retirement. Nationwide has designed the contract to offer features, pricing, and investment options that encourage long-term ownership. The contract can help supplement retirement income through the annuitization feature, which provides a stream of periodic income payments. During the years leading up to those income payments, the Contract Owner manages his/her assets in the contract according to their specific goals and risk preferences by directing the allocation and reallocation among a variety of investment options. Contract growth is tax-deferred, meaning that gains in the contract are not taxable until withdrawn from the contract. Finally, in the event that the Annuitant dies before beginning income payments, the contract offers a death benefit.

Prospective purchasers should consult with a financial professional to determine whether this contract is appropriate for them, taking into consideration their particular needs, including investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and other personal characteristics. Generally speaking, this contract is intended to provide benefits to a single individual and his/her beneficiaries. The contract is not intended to be used by institutional investors, in connection with other Nationwide contracts that have the same Annuitant, or in connection with other Nationwide contracts that have different Annuitants but the same Contract Owner. It is not intended to be sold to a terminally ill Contract Owner or Annuitant.

**Phases of the Contract** 

The contract exists in two separate phases: accumulation (savings) and annuitization (income). During the accumulation phase, the contract offers a variety of investment options to which the Contract Owner can allocate and reallocate his/her Contract Value. The investment options available under the contract consist of Sub-Accounts that invest in underlying mutual funds, which offer a variable rate of return, a Fixed Account, which offers a fixed rate of return, and Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025), which offer an enhanced rate of return subject to a market value adjustment. **Additional information about the underlying mutual funds is available in *Appendix A: Investment Options Available Under the Contract*.** 

During the annuitization phase, Nationwide makes periodic income payments to the Annuitant. At the time of annuitization, the Contract Owner elects the duration of the annuity payments – either for a fixed period of time or for the duration of the Annuitant's (and possibly the Annuitant's spouse's) life. The Contract Owner also elects whether the annuity payments will be fixed or variable. If variable annuity payments are elected, the Annuitant controls the allocation/reallocation of annuitized assets among the available Sub-Accounts. After annuitization begins, the only value associated with the contract is the stream of annuity payments; unless otherwise specified in the annuity option, amounts cannot be withdrawn from the contract over and above the annuity payments. Additionally, once annuitization has begun, there is no death benefit, which means that upon the death of the Annuitant (and the Annuitant's spouse if a joint annuity option was elected), all payments stop and the contract terminates, unless the particular annuitization option provides otherwise.

**Contract Features**

**Investment Options.** Contract Owners can allocate Contract Value to Sub-Accounts that invest in underlying mutual funds, the Fixed Account and/or the Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025). Contract Owners can reallocate those assets at their discretion, subject to certain restrictions.

**Deposits to the Contract.** Contract Owners can apply additional purchase payments to the contract until the Annuitization Date, subject to certain restrictions.

**Withdrawals from the Contract.** Contract Owners can withdraw some or all of their Contract Value at any time prior to annuitization, subject to certain restrictions. A CDSC may apply. After Annuitization, withdrawals other than annuity payments are not permitted.

**Loans from the Contract.** For contracts issued as Tax Sheltered Annuities, Contract Owners can request a loan of a portion of their Contract Value at any time after the free look period and prior to annuitization, subject to certain restrictions. A Loan Processing Fee is assessed at the time each new loan is processed, and a loan interest charge also applies.

------

**Death Benefit.** During the accumulation phase, the contract contains a standard death benefit (the greatest of (i) Contract Value, (ii) net purchase payments, or (iii) the Contract Value as of the most recent five-year Contract Anniversary before the Annuitant's 86th birthday) at no additional charge.

**Optional Death Benefits.** Several death benefit options are available for an additional charge, which may provide a greater death benefit than the standard death benefit. Those options are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option (available beginning January 2, 2001 or a later date if state law requires)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• One-Year Step Up Death Benefit Option (available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option (available beginning January 2, 2001 or a later date if state law requires)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% Enhanced Death Benefit Option (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)

**Spousal Protection Feature.** Some of the death benefit options contain the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse, subject to certain conditions.

**Reduced Purchase Payment Option.** The contract offers a Reduced Purchase Payment Option for an additional charge, which provides for reduced minimum initial purchase payment and subsequent purchase payment requirements.

**CDSC Options.** Several CDSC Options are available for an additional charge, whereby Nationwide will waive or reduce the standard CDSC schedule. Those options are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Five Year CDSC Option

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Additional Withdrawal Without Charge and Disability Waiver

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10 Year and Disability Waiver

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hardship Waiver

**Guaranteed Minimum Income Benefit Options.** The contract offers two Guaranteed Minimum Income Benefit Options for an additional charge, each of which provides for a guaranteed amount at annuitization.

**Extra Value Option Credits.** An Extra Value Option is available for an additional charge, whereby Nationwide will apply additional money to the Contract Value during the first Contract Year. Extra Value Option credits are subject to recapture under certain circumstances.

**Beneficiary Protector Option.** The contract offers a Beneficiary Protector Option for an additional charge, which may be advantageous if the Contract Owner anticipates the assessment of taxes in connection with payment of the death benefit proceeds.

**Capital Preservation Plus Option.** The contract offers a Capital Preservation Plus Option for an additional charge, which provides a principal guarantee.

**Annuity Payments.** On the Annuitization Date, Nationwide will make annuity payments based on the annuity payment option chosen prior to annuitization.

**Tax Deferral.** Generally, Contract Owners will not be taxed on any earnings on the assets in the contract until such earnings are distributed from the contract. How each contract's distributions are taxed depends on the type of contract issued. Note that if this contract is issued in connection with a plan that qualifies for special income tax treatment under the Code, the contract does not provide additional tax deferral benefits (see *Appendix B: Contract Types and Tax Information*).

**Cancellation of the Contract.** Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract and decide if they want to keep it or cancel it. Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date (see *Right to Examine and Cancel* and *Contacting the Service Center*).

**Contract Owner Services.** The contract offers several services at no additional charge to assist Contract Owners in managing their contract, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Asset Rebalancing

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Dollar Cost Averaging

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Fixed Account Dollar Cost Averaging

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Systematic Withdrawals

**Market Value Adjustment** 

A withdrawal or transfer from a Guaranteed Term Option (GTO) prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

Contact the Service Center for more information on the GTOs.

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**Important Information You Should Consider About the Contract** 

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| | |
|:---|:---|
| **FEES, EXPENSES, AND ADJUSTMENTS**<br> (see *Fee Table* and *Charges and Adjustments*) | **FEES, EXPENSES, AND ADJUSTMENTS**<br> (see *Fee Table* and *Charges and Adjustments*) |
| **Are There Charges or** <br> **Adjustments for Early** <br> **Withdrawals?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● If the Contract Owner withdraws money from the contract within 7 years following his/her <br> last purchase payment, a Contingent Deferred Sales Charge (or "CDSC") may apply <br> (see *Contingent Deferred Sales Charge*). The CDSC will not exceed 7% of the amount <br> of purchase payments withdrawn, declining to 0% over 7 years.<br> For example, for a contract with a $100,000 investment, a withdrawal taken during the <br> CDSC period could result in a CDSC of up to $7,000. This loss will be greater if there is <br> a negative market value adjustment, taxes or tax penalties.<br> ● If you withdraw money from a Guaranteed Term Option prior to its maturity date, you will <br> be assessed a market value adjustment, which may be negative (see *Guaranteed Term* <br> *Options*). The application of the market value adjustment could result in a loss. In <br> extreme circumstances such losses could be as high as 100% of the amount withdrawn.<br> For example, for a contract with a $100,000 investment, a withdrawal taken prior to the <br> Guaranteed Term Option's maturity date could result in a market value adjustment of up <br> to $100,000. This loss will be greater if there is a CDSC, taxes, or tax penalties. |
| **Are There Transaction** <br> **Charges?**<br>| &nbsp;&nbsp; **Yes.** Nationwide also charges a loan processing fee at the time each new loan is <br> processed (see *Loan Privilege*). |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; **Yes.** The table below describes the fees and expenses that you may pay *each year*, <br> depending on the investment options and optional benefits chosen. Please refer to your <br> contract specifications page for information about the specific fees you will pay each year <br> based on the options you have elected. |
| **Are There Ongoing Fees** <br> **and Expenses?** | **Annual Fee** |
| **Are There Ongoing Fees** <br> **and Expenses?** | Base Contract<br>0.95%<sup>1</sup> <br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | Underlying mutual fund fees and expenses<br>0.27%<sup>2</sup><br>1.90%<sup>2</sup> |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; Optional benefits available for an additional <br> charge (for a single optional benefit, if elected)<br>0.05%<sup>1</sup> <br>0.50%<sup>1</sup> <br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; <sup>1</sup> As a percentage of Daily Net Assets.<br> <sup>2</sup> As a percentage of underlying mutual fund net assets. |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; Because each contract is customizable, the options elected affect how much each <br> Contract Owner will pay. To help you understand the cost of owning the contract, the <br> following table shows the lowest and highest cost a Contract Owner could pay *each year*, <br> based on current charges. This estimate assumes that no withdrawals are taken from the <br> contract, **which could add a CDSC and a negative market value adjustment that** <br> **substantially increase costs**. |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; **Lowest Annual Cost Estimate:**<br> **$1,155.16**<br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp;&nbsp; Assumes:<br> ● Investment of $100,000<br> ● 5% annual appreciation<br> ● Least expensive underlying mutual fund fees <br> and expenses<br> ● No optional benefits<br> ● No CDSC<br> ● No additional purchase payments, transfers or <br> withdrawals<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Is There a Risk of Loss** <br> **from Poor Performance?**<br>| &nbsp;&nbsp; **Yes.** Contract Owners of variable annuities can lose money by investing in the contract, <br> including loss of principal (see *Principal Risks*).<br>|

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| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Is this a Short-Term** <br> **Investment?**<br>| &nbsp;&nbsp;&nbsp; **No.**<br> ● The contract is not a short-term investment and is not appropriate for an investor who <br> needs ready access to cash. Nationwide has designed the contract to offer features, <br> pricing, and investment options that encourage long-term ownership (see *Principal* <br> *Risks*).<br> ● A CDSC may apply for up to 7 years following the last purchase payment and could <br> reduce the value of the contract if purchase payments are withdrawn during that time <br> (see *Contingent Deferred Sales Charge*). All or a portion of any withdrawal may be <br> subject to taxes and tax penalties. The benefits of tax deferral also means that the <br> contract is more beneficial to investors with a long time horizon (see *Principal Risks*).<br> ● Amounts removed from a Guaranteed Term Option prior to its maturity date may also <br> result in a negative market value adjustment.<br> ● For amounts allocated to a Guaranteed Term Option, at the end of each maturity date, <br> the Contract Value will be reallocated to available investment options according to the <br> Contract Owner's instructions. If no direction is received by Nationwide prior to the <br> maturity date, all amounts in that Guaranteed Term Option will be transferred to the <br> available money market Sub-Account.<br> ● For amounts allocated to the Fixed Account at the end of an interest rate guarantee <br> period, such amounts will be reallocated among the contract's available investment <br> options in accordance with the Contract Owner's reallocation instructions, subject to any <br> applicable limitations. In the absence of instructions, such amounts will remain invested <br> in the Fixed Account for another interest rate guarantee period at the applicable <br> Renewal Rate (see *The Fixed Account* and *Transfers Prior to Annuitization*).<br>|
| **What Are the Risks** <br> **Associated with the** <br> **Investment Options?**<br>| &nbsp;&nbsp;&nbsp; ● Investment in this contract is subject to the risk of poor investment performance. <br> Investment experience can vary depending on the investment options selected by the <br> Contract Owner.<br> ● Each investment option (including the Fixed Account and Guaranteed Term Options) has <br> its own unique risks.<br> ● Review the prospectuses and disclosures for the investment options before making an <br> investment decision.<br> See *Principal Risks.*<br>|
| **What Are the Risks** <br> **Related to the Insurance** <br> **Company?**<br>| &nbsp;&nbsp; Investment in the contract is subject to the risks associated with Nationwide, including that <br> any obligations (including interest payable for allocations to the Fixed Account and <br> Guaranteed Term Options), guarantees, or benefits are subject to the claims-paying ability <br> of Nationwide. More information about Nationwide, including its financial strength ratings, <br> is available by contacting Nationwide at the address and/or toll-free phone number <br> indicated in *Contacting the Service Center* (see *Principal Risks*).<br>|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There Restrictions** <br> **on the Investment** <br> **Options?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● Nationwide reserves the right to add, remove, and substitute investment options <br> available under the contract (see *The Sub-Accounts and Underlying Mutual Funds*).<br> ● Allocations to the Fixed Account may not be transferred to another investment option <br> except at the end of a Fixed Account interest rate guarantee period (see *The Fixed* <br> *Account).*<br> ● Allocations to the Guaranteed Term Options that are transferred to another investment <br> option prior to maturity are subject to a market value adjustment (see *Guaranteed Term* <br> *Options*).<br> ● Allocations to the Guaranteed Term Options may not be transferred to another available <br> investment option during the Capital Preservation Plus program period (see *Capital* <br> *Preservation Plus Option*).<br> ● Not all investment options may be available under your contract (see *Appendix A:* <br> *Investment Options Available Under the Contract*).<br> ● Transfers between Sub-Accounts are subject to policies designed to deter short-term <br> and excessively frequent transfers. Nationwide may restrict the form in which transfer <br> requests will be accepted (see *Transfer Restrictions*).<br> ● The availability of investment options may vary depending on the broker-dealer through <br> which the contract is sold (see *Appendix H: Financial Intermediary Variations*).<br>|

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------

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| | |
|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There any** <br> **Restrictions on Contract** <br> **Benefits?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● Certain optional benefits limit or restrict the investment options available for investment.<br> ● Nationwide reserves the right to discontinue offering any optional benefit. Such a <br> discontinuance will only apply to new contracts and will not impact any contracts already <br> in force.<br> ● The availability of contract benefits may vary depending on the broker-dealer through <br> which the contract is sold (see *Appendix H: Financial Intermediary Variations*).<br> See *Benefits Under the Contract.*<br>|
| **TAXES** | **TAXES** |
| **What Are the Contract's** <br> **Tax Implications?**<br>| &nbsp;&nbsp;&nbsp; ● Consult with a tax professional to determine the tax implications of an investment in and <br> payments received under this contract.<br> ● If the contract is purchased through a tax-qualified plan or IRA, there is no additional tax <br> deferral.<br> ● Earnings in the contract are taxed at ordinary income tax rates at the time of <br> withdrawals and there may be a tax penalty if withdrawals are taken before the Contract <br> Owner reaches age 59½.<br> See *Appendix B: Contract Types and Tax Information.*<br>|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| **How Are Investment** <br> **Professionals** <br> **Compensated?**<br>| &nbsp;&nbsp; Some financial professionals receive compensation for selling the contract. Compensation <br> can take the form of commissions and other indirect compensation in that Nationwide may <br> share the revenue it earns on this contract with the financial professional's firm. This <br> conflict of interest may influence a financial professional, as these financial professionals <br> may have a financial incentive to offer or recommend this contract over another investment <br> (see *Distribution, Promotional, and Sales Expenses).*<br>|
| **Should I Exchange My** <br> **Contract?**<br>| &nbsp;&nbsp; Some financial professionals may have a financial incentive to offer an investor a new <br> contract in place of the one he/she already owns. An investor should only exchange his/her <br> contract if he/she determines, after comparing the features, fees, and risks of both <br> contracts, and any fees or penalties to terminate the existing contract, that it is preferable <br> for him/her to purchase the new contract, rather than to continue to own the existing one <br> (see *Replacements* and *Distribution, Promotional, and Sales Expenses*).<br>|

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------

**Fee Table** 

**The following tables describe the fees, expenses, and adjustments that a Contract Owner will pay when buying, owning, and surrendering or making withdrawals from an investment option or from the contract. Please refer to the contract specifications page for information about the specific fees the Contract Owner will pay each year based on the options elected.** 

**The first table describes the fees and expenses a Contract Owner will pay at the time the Contract Owner buys the contract, surrenders or makes withdrawals from an investment option or from the contract, or transfers Contract Value between investment options. State premium taxes may also be deducted.** 

---

| | |
|:---|:---|
| **Transaction Expenses** | **Transaction Expenses** |
| **Maximum Contingent Deferred Sales Charge** ("CDSC") (as a percentage of purchase payments surrendered) | 7% |

---

Range of CDSC over time:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of** <br> **Purchase Payment**<br>| **0** | **1** | **2** | **3** | **4** | **5** | **6** | **7** |
| **CDSC Percentage** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **6%** | &nbsp;&nbsp; **5%** | &nbsp;&nbsp; **4%** | &nbsp;&nbsp; **3%** | &nbsp;&nbsp; **2%** | &nbsp;&nbsp; **0%** |

---

Some state jurisdictions require a lower CDSC schedule. Refer to your contract for state specific information.

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| | |
|:---|:---|
| **Loan Processing Fee** | $25<sup>1</sup> <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**The next table describes the adjustments, in addition to any transaction expenses, that apply if all or a portion of the Contract Value is removed from an investment option or from the contract before the expiration of a specified period.** 

---

| | |
|:---|:---|
| **Adjustments** | **Adjustments** |
| **Market Value Adjustment Maximum Potential Loss**<sup>1</sup> (as a percentage of the Contract Value) | 100% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> A market value adjust applies to any withdrawal or transfer from a Guaranteed Term Option prior to its maturity date, including to annuitize the contract. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit.

**The next table describes the fees and expenses that a Contract Owner will pay *each year* during the time that the Contract Owner owns the contract (not including underlying mutual fund fees and expenses). If an optional benefit is elected, an additional charge will be assessed, as shown below** 

---

| | |
|:---|:---|
| **Annual Contract Expenses** | **Annual Contract Expenses** |
| **Annual Loan Interest Charge** (assessed as a reduction to the credited interest rate) | 2.25%<sup>2</sup> <br>|
| **Base Contract Expenses**<sup>3</sup> (assessed as an annualized percentage of Daily Net Assets)  | 0.95% |
| **Optional Benefit Expenses**<sup>4</sup> (assessed as an annualized percentage of Daily Net Assets) |  |
| **Reduced Purchase Payment Option Charge** | 0.25%<sup>5</sup> <br>|
| **Five Year CDSC Option Charge** | 0.15%<sup>6</sup> <br>|
| **CDSC Waiver Options** |  |
| **Additional Withdrawal Without Charge and Disability Waiver Charge** | 0.10%<sup>7</sup> <br>|
| **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** |  |
| &nbsp;&nbsp; **One-Year Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection** <br> **Option Charge**<sup>8</sup> (available beginning January 2, 2001 or a later date if state law requires)<br>| 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **One-Year Step Up Death Benefit Option Charge**<sup>9</sup> (available until state approval is received for the One-Year <br> Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection Option)<br>| 0.05% |
| &nbsp;&nbsp; **Greater of One-Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and** <br> **Spousal Protection Option Charge**<sup>10</sup> (available beginning January 2, 2001 or a later date if state law requires)<br>| 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **5% Enhanced Death Benefit Option Charge**<sup>11</sup> (available until state approval is received for the Greater of One-<br> Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection <br> Option)<br>| 0.10% |
| **Guaranteed Minimum Income Benefit Options** (no longer available) |  |
| **Guaranteed Minimum Income Benefit Option 1 Charge** | 0.45% |

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| | |
|:---|:---|
| **Annual Contract Expenses** | **Annual Contract Expenses** |
| **Guaranteed Minimum Income Benefit Option 2 Charge** | &nbsp;&nbsp; 0.30% |
| **Extra Value Option Charge** | 0.45%<sup>12</sup> <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account and the <br> Guaranteed Term Options for the first 7 Contract Years will be assessed a fee of 0.45%.<br>|  |
| **Beneficiary Protector Option Charge**<sup>13</sup> | &nbsp;&nbsp; 0.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account or to the <br> Guaranteed Term Options will be assessed a fee of 0.40%.<br>|  |
| **Capital Preservation Plus Option Charge** | 0.50%<sup>14</sup> <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Guaranteed Term <br> Options or Target Term Options will be assessed a fee of 0.50%.<br>|  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup>

Nationwide assesses a Loan Processing Fee at the time each new loan is processed. Loans are only available for contracts issued as Tax Sheltered Annuities.

<sup>2</sup>

The loan interest rate is determined, based on market conditions, at the time of loan application or issuance. The loan balance in the collateral Fixed Account is credited with interest at 2.25% less than the loan interest rate. Thus, the net loan interest charge is 2.25%, which is applied against the outstanding balance.

<sup>3</sup>

Throughout this prospectus, the Base Contract Expenses will be referred to as Mortality and Expense Risk Charge.

<sup>4</sup>

Unless otherwise indicated, charges for optional benefits are only assessed prior to the Annuitization Date (see *Charges and Adjustments*).

<sup>5</sup>

If this option is elected, Nationwide will lower an applicant's minimum initial purchase payment to $1,000 and subsequent purchase payments to $25. This option is not available to contracts issued as Investment-Only Contracts.

<sup>6</sup>

Range of Five Year CDSC over time:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5** |
| **CDSC Percentage** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **6%** | &nbsp;&nbsp; **4%** | &nbsp;&nbsp; **2%** | &nbsp;&nbsp; **0%** |

---

For contracts issued in the State of New York, this option is available only for contracts issued as Roth IRAs and is not available when the Extra Value Option is elected.

<sup>7</sup>

If this option is elected, the applicant will receive an additional 5% CDSC-free withdrawal privilege, which also includes a disability waiver. This 5% is in addition to the standard 10% CDSC-free withdrawal privilege that applies to every contract.

<sup>8</sup>

This option may not be elected with another death benefit option.

<sup>9</sup>

This option may be elected alone or along with the 5% Enhanced Death Benefit Option. If both options are elected, the death benefit will be the greater of the two options.

<sup>10</sup>

This option may not be elected with another death benefit option.

<sup>11</sup>

This option may be elected alone or along with One-Year Step Up Death Benefit Option. If both options are elected, the death benefit will be the greater of the two options.

<sup>12</sup>

Nationwide will discontinue deducting the charge associated with the Extra Value Option seven years from the date the contract was issued. Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Contract Owner elects or has elected the Extra Value Option.

<sup>13</sup>

The Beneficiary Protector Option is available for contracts with Annuitants age 70 or younger at the time the option is elected.

<sup>14</sup>

The Capital Preservation Plus Option may only be elected at the time of application. Nationwide will discontinue deducting the charges associated with the Capital Preservation Plus Option at the end of the Guaranteed Term Option/Target Term Option that corresponds to the end of the program period elected by the Contract Owner.

**The next item shows the minimum and maximum total operating expenses charged by the underlying mutual funds that the Contract Owner may pay periodically during the life of the contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of the underlying mutual funds available under the contract, including their annual expenses, may be found in *Appendix A: Investment Options Available Under the Contract*.** 

---

| | | |
|:---|:---|:---|
| **Annual Underlying Mutual Fund Expenses** | **Annual Underlying Mutual Fund Expenses** | **Annual Underlying Mutual Fund Expenses** |
|  | **Minimum** | **Maximum** |
| (Expenses that are deducted from underlying mutual fund assets, including <br> management fees, distribution and/or service (12b-1) fees, and other expenses, as a <br> percentage of average underlying mutual fund net assets.)<br>| 0.27% | 1.90% |

---

------

**Example** 

**This Example is intended to help Contract Owners compare the cost of investing in the Sub-Accounts with the cost of investing in other annuity contracts that offer variable investment options. These costs include transaction expenses, annual contract expenses, and annual underlying mutual fund expenses. This Example assumes all Contract Value is allocated to the Sub-Accounts. Costs could differ from those shown below if Contract Value is allocated to the Fixed Account and/or a Guaranteed Term Option.** 

The Example assumes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a $100,000 investment in the contract for the time periods indicated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a 5% return each year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the seven year CDSC schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no market value adjustment is assessed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the maximum and the minimum fees and expenses of any of the underlying mutual funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable Account charges that reflect the most expensive combination of optional benefits available for an additional charge (3.65%). Specifically:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reduced Purchase Payment Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Five Year CDSC Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Additional Withdrawal Without Charge and Disability Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10 Year and Disability Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hardship Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Greater of One-Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guaranteed Minimum Income Benefit Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Extra Value Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Beneficiary Protector Option, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Capital Preservation Plus Option

Although your actual costs may be higher or lower, based on these assumptions, your costs would be.

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** |
|  | **1 Yr.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** | **1 Yr.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** |
| &nbsp;&nbsp;&nbsp; Maximum <br> Annual <br> Underlying <br> Mutual Fund <br> Expenses <br> (1.90%)<br>| &nbsp;&nbsp; $12828 | &nbsp;&nbsp; $22338 | &nbsp;&nbsp; $31659 | &nbsp;&nbsp; $56152<br> &nbsp;&nbsp; \* | &nbsp;&nbsp; $17338 | &nbsp;&nbsp; $28659 | &nbsp;&nbsp; $56152 | &nbsp;&nbsp; $5828 | &nbsp;&nbsp; $17338 | &nbsp;&nbsp; $28659 | &nbsp;&nbsp; $56152 |
| &nbsp;&nbsp;&nbsp; Minimum <br> Annual <br> Underlying <br> Mutual Fund <br> Expenses <br> (0.27%)<br>| &nbsp;&nbsp; $11116 | &nbsp;&nbsp; $17457 | &nbsp;&nbsp; $23947 | &nbsp;&nbsp; $42837<br> &nbsp;&nbsp; \* | &nbsp;&nbsp; $12457 | &nbsp;&nbsp; $20947 | &nbsp;&nbsp; $42837 | &nbsp;&nbsp; $4116 | &nbsp;&nbsp; $12457 | &nbsp;&nbsp; $20947 | &nbsp;&nbsp; $42837 |

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\*

The contracts sold under this prospectus do not permit annuitization during the first two Contract Years.

**Principal Risks** 

Contract Owners should be aware of the following risks associated with owning the contract:

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**Risk of loss.** The Sub-Accounts invest in underlying mutual funds. Underlying mutual funds are variable investments, meaning their value will increase or decrease based on the performance of their portfolio holdings. Poor underlying mutual fund performance can result in a loss of Contract Value and/or principal.

**Not a short-term investment.** In general, deferred variable annuities are long-term investments; they are not suitable as short-term savings vehicles. Nationwide has designed the contract to offer features, pricing, and investment options that encourage long-term ownership. Specifically:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A Contract Owner who takes withdrawals from the contract within seven years of purchasing the contract or making a purchase payment could be subject to a CDSC, which in the short-term will reduce Contract Value or the amount payable to you, and in the long-term will reduce the ability of the Contract Value to grow over time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A Contract Owner who takes withdrawals from the contract before reaching age 59 1/2 could be subject to tax penalties that are mandated by the federal tax laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A withdrawal or transfer from a GTO prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

**Investment option availability.** Nationwide reserves the right to change the Sub-Accounts available under the contract, including adding new Sub-Accounts, and discontinuing availability of Sub-Accounts. Nationwide reserves the right to limit or refuse purchase payments and/or transfers allocated to the Fixed Account at its sole discretion. Nationwide also reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guarantee period. Decisions to make such changes are at Nationwide's discretion but will be in accordance with Nationwide's internal policies and procedures relating to such matters. Any changes to the availability of investment options may be subject to regulatory approval and notice will be provided.

**Investment option restrictions.** Certain options available under the contract impose restrictions on which investment options are available for investment and/or the portion of total Contract Value that is permitted to be allocated to certain investment options. These restrictions are imposed by Nationwide and depend on each investment option's risk characteristics. The permitted investment options are more conservative than those that are not permitted. This helps Nationwide manage its obligation to provide the Contract Owners with guarantees. By electing an optional benefit and accepting the limited menu of investment options, Contract Owners may be foregoing investment gains that could otherwise be realized by investing in riskier investment options that are not available under the optional benefit.

**Purchase payment restrictions.** A Contract Owner's ability to make subsequent purchase payments is subject to limitations under the contract, and may be subject to additional limitations under an optional benefit. Restrictions on subsequent purchase payments may limit a Contract Owner's ability to increase the value of the contract and its benefits through additional investments.

**Extra Value Option risk.** Certain optional benefits apply bonus credits to the contract. The bonus credits increase Contract Value which will increase the total dollar amount of fees that Nationwide collects. Nationwide may make a profit from the additional charges and over time, the benefit of the bonus credits could be more than offset by the additional charges assessed to the contract. Additionally, the recapture of the bonus credits (in the event of a withdrawal) could exceed any benefit of receiving the bonus credits.

**Active trading.** Neither the contracts described in this prospectus nor the underlying mutual funds are designed to support active trading strategies that require frequent movement between or among Sub-Accounts. Nationwide discourages (and will take action to deter) short-term trading in this contract because the frequent movement between or among Sub-Accounts may negatively impact other investors in the contract. In certain circumstances, to address active trading, Nationwide may require transfer requests to be submitted via U.S. mail. Additionally, underlying mutual funds are required to take certain actions in order to protect shareholders from negative impacts of short-term trading, which may include requiring Nationwide to prohibit particular Contract Owners from investing in a Sub-Account that invests in the impacted underlying mutual fund.

**Financial strength.** Contractual guarantees that exceed the value of the assets in the Variable Account (including death benefit guarantees that exceed the Contract Value and interest credited to Fixed Account and Guaranteed Term Option allocations are paid from Nationwide's general account, which is subject to Nationwide's financial strength and claims-paying ability. If Nationwide experiences financial distress, it may not be able to meet its obligations.

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**Regulatory risk.** The contract is governed by various state and federal laws and regulations, which are subject to change. Those changes could require Nationwide to make changes to the contract that alter the nature or value of certain benefits. Additionally, changes to the tax laws or regulations could limit or eliminate the tax benefits of the contract, resulting in greater tax liability or less earnings.

**Cybersecurity**. Nationwide's businesses are highly dependent upon its computer systems and those of its business partners and service providers. This makes Nationwide potentially susceptible to operational and information security risks resulting from a cybersecurity incident. These risks include direct risks, such as theft, misuse, corruption, and destruction of data maintained by Nationwide, and indirect risks, such as denial of service, attacks on systems or websites and other operational disruptions that could severely impede Nationwide's ability to conduct its businesses or administer the contract (e.g., calculate unit values or process transactions).

Financial services companies and their third-party service providers are increasingly the targets of cyber-attacks. The techniques used to attack systems and networks change frequently and are becoming more sophisticated, including through the use of artificial intelligence (AI) and AI-powered tools.

Cyber-attacks affecting Nationwide, the underlying mutual funds, intermediaries, and other service providers may adversely affect Nationwide and contract values. Cybersecurity risks may also impact the issuers of securities in which the underlying mutual funds invest, which may cause the underlying mutual funds to lose value. Although Nationwide undertakes substantial efforts to protect its computer systems from cyber-attacks, there can be no guarantee that Nationwide, its service providers, intermediaries, or the underlying mutual funds will be able to avoid or readily detect cybersecurity incidents affecting Contract Owners in the future.

In the event that contract administration or contract values are adversely affected as a result of a failure of Nationwide's cybersecurity controls, Nationwide will take reasonable steps to take corrective action and restore Contract Values to the levels that they would have been had the cybersecurity incident not occurred. Nationwide will not, however, be responsible for any adverse impact to contracts or contract values that result from the Contract Owner or its designee's negligent acts or failure to use reasonably appropriate safeguards to protect against cyber-attacks or to protect personal information.

**Business continuity risks.** Nationwide is exposed to risks related to natural and man-made disasters, such as storms, fires, earthquakes, public health crises, geopolitical disputes, military actions, and terrorist acts, which could adversely affect Nationwide's ability to administer the contract. Nationwide has adopted business continuity policies and procedures that may be implemented in the event of a natural or man-made disaster, but such business continuity plans may not operate as intended or fully mitigate the operational risks associated with such disasters.

Nationwide outsources certain critical business functions to third parties and, in the event of a natural or man-made disaster, relies upon the successful implementation and execution of the business continuity planning of such entities. While Nationwide closely monitors the business continuity activities of these third parties, successful implementation and execution of their business continuity strategies are largely beyond Nationwide's control. If one or more of the third parties to whom Nationwide outsources such critical business functions experience operational failures, Nationwide's ability to administer the contract could be impaired.

**Nationwide and the Variable Account** 

The contract is issued by Nationwide, with its home office at One Nationwide Plaza, Columbus, Ohio 43215. Nationwide Variable Account-9 is a separate account of Nationwide that invests in the underlying mutual funds listed in *Appendix A: Investment Options Available Under the Contract*. Income, gains, and losses credited to or charged against the Variable Account reflect the Variable Account's own investment experience and not the investment experience of Nationwide's other assets. The Variable Account's assets are held separately from General Account assets and may not be used to pay any liabilities of Nationwide other than those arising from the contract or other contracts supported by the Variable Account. The Variable Account is divided into Sub-Accounts, each of which invests in shares of a single underlying mutual fund.

Nationwide is obligated to pay all amounts promised to investors under the contracts. All guarantees under the contract are subject to Nationwide's creditworthiness and claims-paying ability.

The contracts are distributed by the general distributor, Security Distributors, LLC ("SDL"), One Security Benefit Place, Topeka, Kansas, 66636-0001.

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**Investment Options**

**The Sub-Accounts and Underlying Mutual Funds** 

Contract Value allocated to a Sub-Account will vary based on the investment experience of the corresponding underlying mutual fund in which the Sub-Account invests. There is a risk of loss of the entire amount invested.

The Contract Owner can allocate Contract Value to Sub-Accounts of the Variable Account, subject to conditions in the contract and underlying mutual funds. Each Sub-Account invests in shares of a single underlying mutual fund. Nationwide uses the assets of each Sub-Account to buy shares of the underlying mutual funds based on Contract Owner instructions. Nationwide buys and sells the mutual fund shares at their respective net asset value (NAV). Any dividends and distributions from a mutual fund are reinvested at NAV in shares of that mutual fund.

Information about each underlying mutual fund, including its name, type, adviser and subadviser (if applicable), current expenses, and performance, is available in *Appendix A: Investment Options Available Under the Contract*. Each underlying mutual fund issues its own prospectus that contains more detailed information about the underlying mutual fund. **Contract Owners can obtain prospectuses for underlying mutual funds free of charge at any time by visiting the website listed in *Appendix A: Investment Options Available Under the Contract* or contacting the Service Center (see *Contacting the Service Center*). Contract Owners should read these prospectuses carefully before investing.**

*Underlying mutual funds in the Variable Account are NOT publicly available mutual funds.* They are only available as investment options in variable life insurance policies or variable annuity contracts issued by life insurance companies, or in some cases, through participation in certain qualified pension or retirement plans.

The investment advisers of the underlying mutual funds may manage publicly available mutual funds with similar names and investment objectives. However, the underlying mutual funds are NOT the same as any publicly available mutual fund. Contract Owners should not compare the performance of a publicly available fund with the performance of underlying mutual funds participating in the Variable Account. The performance of the underlying mutual funds could differ substantially from that of any publicly available funds.

The particular underlying mutual funds available under the contract may change from time to time. Specifically, underlying mutual funds or underlying mutual fund share classes that are currently available may be removed or closed off to future investment. New underlying mutual funds or new share classes of currently available underlying mutual funds may be added. Contract Owners will receive notice of any such changes that affect their contract. The underlying mutual funds, which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreements and discontinue offering their shares to the Sub-Accounts.

In the future, additional underlying mutual funds managed by certain financial institutions, brokerage firms, or their affiliates may be added to the Variable Account. These additional underlying mutual funds may be offered exclusively to purchasing customers of the particular financial institution or brokerage firm, or through other exclusive distribution arrangements.

***Voting Rights*** 

Contract Owners are not shareholders of the underlying mutual funds in which the Sub-Accounts invest; however, Contract Owners with assets allocated to Sub-Accounts are entitled to certain voting rights. Nationwide will vote underlying mutual fund shares at shareholder meetings based on Contract Owner instructions and the instructions of owners of other contracts supported by the Variable Account. However, if the law changes and Nationwide is allowed to vote in its own right, it may elect to do so.

Contract Owners with voting interests in an underlying mutual fund will be notified of issues requiring shareholder vote as soon as possible before the shareholder meeting. Notification will contain proxy materials and a form with which to give Nationwide voting instructions. Nationwide will vote shares for which no instructions are received in the same proportion as those that are received. What this means is that when only a small number of Contract Owners vote, each vote has a greater impact on, and may control, the outcome.

The number of shares which a Contract Owner may vote is determined by dividing the cash value of the amount they have allocated to an underlying mutual fund by the Net Asset Value of that underlying mutual fund (as of a date set by the underlying mutual fund).

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***Material Conflicts*** 

The underlying mutual funds may be offered through separate accounts of other insurance companies, as well as through other separate accounts of Nationwide. Nationwide does not anticipate any disadvantages to this. However, it is possible that a conflict may arise between the interests of the Variable Account and one or more of the other separate accounts in which these underlying mutual funds participate.

Material conflicts may occur due to a change in law affecting the operations of variable life insurance policies and variable annuity contracts, or differences in the voting instructions of the Contract Owners and those of other companies. If a material conflict occurs, Nationwide will take whatever steps are necessary to protect Contract Owners and variable annuity payees, including withdrawal of the Variable Account from participation in the underlying mutual fund(s) involved in the conflict.

***Substitution of Securities*** 

Nationwide may substitute shares of another underlying mutual fund for shares already purchased or to be purchased in the future if either of the following occurs:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) shares of a current underlying mutual fund are no longer available for investment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) further investment in an underlying mutual fund is inappropriate.

Nationwide will not substitute shares of any underlying mutual fund in which the Sub-Accounts invest without any necessary prior approval of the appropriate state or federal regulatory authorities. All affected Contract Owners will be notified in the event there is a substitution, elimination, or combination of shares.

The substitute underlying mutual fund may have different fees and expenses. Substitution may be made with respect to existing investments or the investment of future purchase payments, or both. Nationwide may close Sub-Accounts to allocations of purchase payments or Contract Value, or both, at any time in its sole discretion. The underlying mutual funds, which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreements and discontinue offering their shares to the Sub-Accounts.

***Deregistration of the Variable Account*** 

Nationwide may deregister the Variable Account under the 1940 Act in the event the Variable Account meets an exemption from registration under the 1940 Act, if there are no outstanding contracts supported by the Variable Account, or for any other purpose approved by the SEC.

No deregistration may take place without the prior approval of the SEC. All affected Contract Owners will be notified in the event Nationwide deregisters the Variable Account. If the Variable Account is deregistered, Nationwide's contractual obligations to the Contract Owner will continue.

**The Fixed Account** 

The Contract Owner can allocate Contract Value to the Fixed Account, subject to conditions imposed by the contract. The Fixed Account is an investment option that is funded by assets of Nationwide's General Account. The General Account contains all of Nationwide's assets other than those in the Variable Account and other Nationwide separate accounts and is used to support Nationwide's annuity and insurance obligations. The General Account is not subject to the same laws as the Variable Account.

Information regarding the Fixed Account, including (i) its name; (ii) interest rate guarantee period; and (iii) its minimum guaranteed interest rate, is available in *Appendix A: Investment Options Available Under the Contract.* 

Purchase payments will be allocated to the Fixed Account by election of the Contract Owner. Nationwide reserves the right to limit or refuse purchase payments and/or transfers allocated to the Fixed Account at its sole discretion. Generally, Nationwide will invoke this right when interest rates are low by historical standards. Nationwide also reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guaranteed period. State law requires Nationwide to reserve the right to postpone payment or transfer out of the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request. The Fixed Account may not be available in every state.

Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Extra Value Option is elected. These restrictions may be imposed at Nationwide's sole discretion when economic conditions are such that Nationwide is unable to recoup the cost of providing the up-front Extra Value Option credits.

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The investment income earned by the Fixed Account will be allocated to the contracts at varying guaranteed interest rate(s) depending on the following categories of Fixed Account allocations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New Money Rate – The rate credited on the Fixed Account allocation when the contract is purchased or when subsequent purchase payments are made. Subsequent purchase payments may receive different New Money Rates than the rate when the contract was issued, since the New Money Rate is subject to change based on market conditions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable Account to Fixed Rate – Allocations transferred from any of the Sub-Accounts to the Fixed Account may receive a different rate. The rate may be lower than the New Money Rate. There may be limits on the amount and frequency of movements from the Sub-Accounts to the Fixed Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Renewal Rate – The rate available for maturing Fixed Account allocations which are entering a new guarantee period. The Contract Owner will be notified of this rate in a letter issued with the quarterly statements when a Contract Owner's Fixed Account allocation matures. At that time, the Contract Owner will have an opportunity to leave the money in the Fixed Account and receive the Renewal Rate or the Contract Owner can move the money to any of the other investment options. If no instruction is received by Nationwide, the Contract Owner will remain invested in the Fixed Account and will receive the Renewal Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Dollar Cost Averaging Rate – From time to time, Nationwide may offer a more favorable rate for an initial purchase payment into a new contract when used in conjunction with a Dollar Cost Averaging program. Rates will vary depending on the Dollar Cost Averaging program elected (see *Contract Owner Services*).

All of these rates are subject to change on a daily basis; however, once applied to the Fixed Account, the interest rates are guaranteed until the end of the calendar quarter during which the 12-month anniversary of the Fixed Account allocation occurs.

Credited interest rates are annualized rates – the effective yield of interest over a one-year period. Interest is credited to each contract on a daily basis. As a result, the credited interest rate is compounded daily to achieve the stated effective yield.

The guaranteed rate for any purchase payment will be effective for not less than 12 months. Nationwide guarantees that the rate will not be less than 1.50% per year. Contracts may be subject to a higher minimum guaranteed interest rate based on the date the contract was issued and/or state of issue. Any interest in excess of the minimum interest rate will be credited to Fixed Account allocations at Nationwide's sole discretion.

Nationwide guarantees that the value of Fixed Account allocations will not be less than the amount of the purchase payments and Extra Value Option credits allocated to the Fixed Account, plus interest credited as described above, less any withdrawals, Extra Value Option credits recaptured, and any applicable charges including CDSC.

***Fixed Account Interest Rate Guarantee Period*** 

The Fixed Account interest rate guarantee period is the period of time that the Fixed Account interest rate is guaranteed to remain the same. During a Fixed Account interest rate guarantee period, transfers cannot be made from the Fixed Account, and amounts transferred to the Fixed Account must remain on deposit.

For new purchase payments allocated to the Fixed Account and transfers to the Fixed Account, the Fixed Account interest rate guarantee period begins on the date of deposit or transfer and ends on the one-year anniversary of the deposit or transfer. The guaranteed interest rate period may last for up to three months beyond the one-year anniversary because guaranteed terms end on the last day of a calendar quarter.

***Fixed Account Charges Assessed for Certain Optional Benefits*** 

All interest rates credited to the Fixed Account will be determined as previously described. However, for contracts with certain optional benefits elected, a charge is assessed to assets allocated to the Fixed Account by reducing the interest crediting rate. Consequently, the charge assessed for the optional benefit will result in a lower credited interest rate (reduced by the amount of the charge).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Beneficiary Protector Option has a Fixed Account charge equal to 0.40%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Extra Value Option has a Fixed Account charge equal to 0.45% for the first seven Contract Years.

Even if the credited interest rate is reduced by an optional benefit charge, Nationwide guarantees that the interest rate credited to any assets in the Fixed Account will never be less than the minimum interest rate.

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**Guaranteed Term Options** 

Guaranteed Term Options or GTOs are separate investment options under the contract. Effective May 1, 2025, GTOs are not available to receive new allocations, transfers, or renewals. The minimum amount that may be allocated to a GTO is $1,000. Allocations to a Guaranteed Term Option are held in a separate account, established by Nationwide pursuant to Ohio law, to aid in the reserving and accounting for Guaranteed Term Option obligations. The separate account's assets are held separately from Nationwide's other assets and are not chargeable with liabilities incurred in any other business of Nationwide. However, Nationwide's General Account assets are available for the purpose of meeting the guarantees of any Guaranteed Term Option, subject to Nationwide's claims-paying ability. A Guaranteed Term Option prospectus should be read along with this prospectus. Guaranteed Term Options may not be available in every state.

Guaranteed Term Options provide a guaranteed rate of interest over four different maturity durations: three (3), five (5), seven (7) or ten (10) years. **Note:** The guaranteed term may last for up to three months beyond the 3, 5, 7, or 10-year period since every guaranteed term will end on the final day of a calendar quarter.

For the duration selected, Nationwide will declare a guaranteed interest rate. The guaranteed interest rate will be credited to amounts allocated to the Guaranteed Term Option unless the Contract Owner takes a withdrawal from their GTO allocation before the maturity date. Nationwide guarantees that the guaranteed interest rate will not be less than 0.00% per year.

A withdrawal or transfer from a GTO prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. A market value adjustment can increase or decrease the amount withdrawn depending on fluctuations in constant maturity treasury rates. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred. No market value adjustment will be applied if Guaranteed Term Option allocations are held to maturity.

Because a market value adjustment can affect the value of a withdrawal, its effects should be carefully considered before surrendering or transferring from Guaranteed Term Options. Contact the Service Center for additional information on the GTOs.

Information regarding each Guaranteed Term Option, including (i) its name; (ii) interest rate guarantee period; and (iii) its minimum guaranteed interest rate, is available in *Appendix A: Investment Options Available Under the Contract*.

***Target Term Options*** 

Due to certain state requirements, in some states, Nationwide uses Target Term Options instead of Guaranteed Term Options in connection with the Capital Preservation Plus Option. Target Term Options are not available separate from the Capital Preservation Plus Option.

For all material purposes, Guaranteed Term Options and Target Term Options are the same. Target Term Options are managed and administered identically to Guaranteed Term Options. The distinction is that the interest rate associated with Target Term Options is not guaranteed as it is in Guaranteed Term Options. However, because the options are managed and administered identically, the result to the investor is the same.

All references in this prospectus to Guaranteed Term Options in connection with the Capital Preservation Plus Option will also mean Target Term Options (in applicable jurisdictions). Contact the Service Center for more information on the Guaranteed Term Options.

***GTO Charges Assessed for Certain Optional Benefits*** 

For contracts with certain optional benefits elected, a charge is assessed to assets allocated to the Guaranteed Term Options by reducing the guaranteed rate of return. Consequently, the charge assessed for the optional benefit will result in a lower guaranteed rate of return (reduced by the amount of the charge).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Extra Value Option has a GTO charge equal to 0.45% for the first seven Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Beneficiary Protector Option has a GTO charge equal to 0.40%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Capital Preservation Plus Option has a GTO charge equal to 0.50%.

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**Contacting the Service Center** 

All inquiries, paperwork, information requests, service requests, and transaction requests should be made to the Service Center:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by telephone at 1-800-NEA-VALU (1-800-632-8258) (TDD 1-800-238-3035)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by fax at 1-785-368-1772

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by mail to NEA Retirement Program, One SW Security Benefit Place, Topeka, Kansas 66636-0001

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by courier or overnight mail to NEA Retirement Program, Mail Zone 500, One Security Benefit Place, Topeka, KS 66636-0001

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by Internet at https://www.nearetirementprogram.com/

Nationwide reserves the right to restrict or remove the ability to submit service requests via Internet, phone, or fax upon written notice.

Not all methods of communication are available for all types of requests. To determine which methods are permitted for a particular request, refer to the specific transaction provision in this prospectus or call the Service Center. Requests submitted by means other than described in this prospectus could be returned or delayed.

Service and transaction requests will generally be processed on the Valuation Date they are received at the Service Center as long as the request is in good order, see *Operation of the Contract*. Good order generally means that all necessary information to process the request is complete and in a form acceptable to Nationwide. If a request is not in good order, Nationwide will take reasonable actions to obtain the information necessary to process the request. Requests that are not in good order may be delayed or returned. Nationwide reserves the right to process any purchase payment or withdrawal request sent to a location other than the Service Center on the Valuation Date it is received at the Service Center. On any day the post office is closed, Nationwide is unable to retrieve service and transaction requests that are submitted by mail. This will result in a delay of the delivery of those requests to the Service Center.

Nationwide will use reasonable procedures to confirm that instructions are genuine and will not be liable for following instructions that it reasonably determined to be genuine. Nationwide may record telephone requests. Telephone and computer systems may not always be available. Any telephone system or computer can experience outages or slowdowns for a variety of reasons. The outages or slowdowns could prevent or delay processing. Although Nationwide has taken precautions to support heavy use, it is still possible to incur an outage or delay. To avoid technical difficulties, submit transaction requests by mail.

**Charges and Adjustments**

**Mortality and Expense Risk Charge**

Nationwide deducts a Mortality and Expense Risk Charge equal to an annualized rate of 0.95% of the Daily Net Assets. The Mortality and Expense Risk Charge compensates Nationwide for providing the insurance benefits under the contract, including the contract's standard death benefit. It also compensates Nationwide for assuming the risk that Annuitants will live longer than assumed. Finally, the Mortality and Expense Risk Charge compensates Nationwide for guaranteeing that charges will not increase regardless of actual expenses. Nationwide may realize a profit from this charge.

**Contingent Deferred Sales Charge**

No sales charge deduction is made from purchase payments upon deposit into the contract. However, if any part of the contract is withdrawn, Nationwide may deduct a CDSC. The CDSC will not exceed 7% of purchase payments withdrawn.

The CDSC is calculated by multiplying the applicable CDSC percentage (noted in the following table) by the amount of purchase payments withdrawn. For purposes of calculating the CDSC, withdrawals are considered to come first from the oldest purchase payment made to the contract, then the next oldest purchase payment, and so forth. CDSC provisions vary by state. Refer to the contract for state specific information.

The CDSC applies as follows:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5** | **6** | **7+** |
| CDSC Percentage | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 5% | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 3% | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 0% |

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Earnings are not subject to the CDSC, but may not be distributed prior to the distribution of all purchase payments. (For tax purposes, a withdrawal is usually treated as a withdrawal of earnings first.)

The CDSC is used to cover sales expenses, including commissions, production of sales material, and other promotional expenses. If expenses are greater than the CDSC, the shortfall will be made up from Nationwide's general assets, which may indirectly include portions of the Variable Account charges, since Nationwide may generate a profit from these charges.

All or a portion of any withdrawal may be subject to federal income taxes. Contract Owners taking withdrawals before age 59½ may be subject to a 10% penalty tax.

Additional purchase payments applied to the contract after receiving the benefit associated with the Spousal Protection Feature are subject to the CDSC provisions of the contract. However, no CDSC will apply to purchase payments applied to the contract before the death of the first spouse.

***Waiver of Contingent Deferred Sales Charge***

The maximum amount that can be withdrawn annually without a CDSC is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 10% of purchase payments that are still subject to CDSC (which is equal to the total purchase payments subject to CDSC minus purchase payments previously withdrawn that were subject to CDSC) ; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) any amount withdrawn to meet minimum distribution requirements for this contract under the Internal Revenue Code.

This CDSC-free withdrawal privilege is non-cumulative. Free amounts not taken during any given Contract Year cannot be taken as free amounts in a subsequent Contract Year.

**Note:** CDSC-free withdrawals do not count as "purchase payments previously withdrawn that were subject to CDSC" and, therefore, do not reduce the amount used to calculate subsequent CDSC-free withdrawal amounts.

In addition, no CDSC will be deducted:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) upon the annuitization of contracts which have been in force for at least two years;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) upon payment of a death benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) from any values which have been held under a contract for at least seven years (five years if the Five-Year CDSC is elected); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) if an optional death benefit is elected and the conditions described in the Long-Term Care/Nursing Home and Terminal Illness Waiver section are met.

No CDSC applies to transfers between or among the various investment options in the contract.

A contract held by a Charitable Remainder Trust (within the meaning of Internal Revenue Code Section 664) may withdraw the greater of (i) the amount available under the CDSC-free withdrawal privilege described above, and (ii) the difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Contract Value at the close of the day prior to the date of the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the total purchase payments made to the contract as of the date of the withdrawal (less an adjustment for amounts previously withdrawn).

The CDSC will not be eliminated if to do so would be unfairly discriminatory or prohibited by state law.

***Long-Term Care/Nursing Home and Terminal Illness Waiver***

The death benefit options (but not the standard death benefit) include a Long-Term Care/Nursing Home and Terminal Illness Waiver. This benefit may not be available in every state.

Under this provision, no CDSC will be charged if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the third Contract Anniversary has passed and the Contract Owner has been confined to a long-term care facility or hospital for a continuous 90-day period that began after the contract issue date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Contract Owner has been diagnosed by a physician at any time after contract issuance to have a terminal illness and Nationwide receives and records a letter from that physician indicating such diagnosis.

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Written notice and proof of terminal illness or confinement for 90 days in a hospital or long-term care facility must be received in a form satisfactory to Nationwide and recorded at the Service Center prior to waiver of the CDSC.

In the case of joint ownership, the waivers will apply if either joint owner meets the qualifications listed above.

For those contracts that have a non-natural person as Contract Owner as an agent for a natural person, the Annuitant may exercise the right of the Contract Owner for purposes described in this provision. If the non-natural Contract Owner does not own the contract as an agent for a natural person (e.g., the Contract Owner is a corporation or a trust for the benefit of an entity), the Annuitant may not exercise the rights described in this provision.

**Note:** The benefit associated with this feature is the waiver of CDSC under certain circumstances. This feature is not intended to provide or imply that the contract provides long-term care or nursing home insurance coverage.

**Premium Taxes**

Certain states or other governmental entities charge premium tax on purchase payments. Nationwide will charge against the Contract Value any premium taxes levied by a state or other government entity. Premium tax rates currently range from 0% to 3.5% and vary from state to state. The range is subject to change. Nationwide will assess premium taxes to the contract at the time Nationwide is assessed the premium taxes by the state. **Premium taxes may be deducted from death benefit proceeds.**

**Loan Processing Fee and Loan Interest Charge** 

Nationwide charges a Loan Processing Fee at the time each new loan is processed. The Loan Processing Fee will not exceed $25 per loan processed. This fee compensates Nationwide for expenses related to administering and processing loans. Some states may not allow Nationwide to assess a Loan Processing Fee. The fee is taken from all of the investment options in proportion to the Contract Value at the time the loan is processed.

Nationwide also assesses a loan interest charge, assessed as a reduction to the credited interest rate. The loan interest rate is determined, based on market conditions, at the time of loan application or issuance. The loan balance in the collateral Fixed Account is credited with interest at 2.25% less than the loan interest rate. Thus, the net loan interest charge is an annual rate of 2.25%, which is applied against the outstanding loan balance. The Annual Loan Interest Charge will not exceed 2.25%.

For more detailed information about loans, see *Loan Privilege*.

**Reduced Purchase Payment Option** 

For an additional charge equal to an annualized rate of 0.25% of the Daily Net Assets, an applicant can elect the Reduced Purchase Payment Option. The charge will be assessed until the annuitization unless the Contract Owner terminates the option. The Reduced Purchase Payment Option reduces the initial purchase payment for that contract to $1,000 and the minimum subsequent purchase payment for that contract to $25. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Five Year CDSC Option** 

For an additional charge equal to an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the Five-Year CDSC Option, which reduces the standard CDSC schedule to a five-year CDSC schedule. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Additional Withdrawal Without Charge and Disability Waiver** 

Each contract has a standard 10% CDSC-free withdrawal privilege each year. For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, the Contract Owner can, each year, withdraw an additional 5% of total purchase payments without incurring a CDSC. This option also contains a disability waiver whereby Nationwide will waive CDSC if a Contract Owner (or Annuitant if the contract is owned by a non-natural owner) is disabled after the contract is issued but before reaching age 65. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

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**10 Year and Disability Waiver** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can elect the 10 Year and Disability Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner has been the owner of the contract for at least 10 years, and the Contract Owner has made regular payroll deferrals during the entire Contract Year for at least five of those 10 years. This option also contains a disability waiver whereby Nationwide will waive CDSC if the Contract Owner is disabled after the contract is issued but before reaching age 65. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Hardship Waiver** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can purchase the Hardship Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner experiences a hardship (as defined for purposes of Internal Revenue Code Section 401(k)). The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is generally described as the greatest of Contract Value, net purchase payments, and highest Contract Value on any Contract Anniversary before Annuitant's 86<sup>th</sup> birthday, and includes the Spousal Protection Feature and the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**One-Year Step Up Death Benefit Option** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant can elect the One-Year Step Up Death Benefit Option. The One-Year Step Up Death Benefit Option is only available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. The One-Year Step Up Death Benefit Option is generally described as the greatest of Contract Value, net purchase payments, and highest Contract Value on any Contract Anniversary before Annuitant's 86th birthday, and includes the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection** 

For an additional charge at an annualized rate of 0.20% of the Daily Net Assets, an applicant can elect the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection. The Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is generally described as the greatest of Contract Value, net purchase payments, highest Contract Value on any Contract Anniversary before Annuitant's 86th birthday, and the interest anniversary value (purchase payments, accumulated at the Interest Anniversary Rate until the last Contract Anniversary prior to the Annuitant's 86th birthday), and includes the Spousal Protection Feature and the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**5% Enhanced Death Benefit Option** 

For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, an applicant can elect 5% Enhanced Death Benefit Option. The 5% Enhanced Death Benefit Option is only 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. The 5% Enhanced Death Option is generally described as the greater of Contract Value and the interest anniversary value (purchase payments, accumulated at the Interest Anniversary Rate until the last Contract Anniversary

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prior to the Annuitant's 86th birthday), and includes the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Guaranteed Minimum Income Benefit Options** 

For contracts issued prior to May 1, 2003, two Guaranteed Minimum Income Benefit Options were available at the time of application. If the applicant elected one or both of the Guaranteed Minimum Income Benefit Options, Nationwide will deduct an additional charge at an annualized rate of 0.45% and/or 0.30% of the Daily Net Assets, depending on the option chosen. The charge will be assessed until annuitization. A GMIB is a benefit that ensures the availability of a minimum amount when the Contract Owner wishes to annuitize the contract. This minimum amount may be used to provide a guaranteed level of lifetime annuity payments. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Extra Value Option** 

Applicants can elect the Extra Value Option, in which case Nationwide will apply a credit to the contract equal to 3% of each purchase payment made to the contract for the first 12 months the contract is in force. In exchange, Nationwide will assess an additional charge equal to an annualized rate of 0.45% of the Daily Net Assets for the first seven Contract Years. In addition, allocations made to the Fixed Account and the GTOs will be assessed a fee of 0.45% for the first seven Contract Years. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Beneficiary Protector Option** 

For an additional charge equal to an annualized rate of 0.40% of the Daily Net Assets, an applicant or an existing Contract Owner can elect the Beneficiary Protector Option. In addition, allocations to the Fixed Account or the Guaranteed Term Options will be assessed a fee of 0.40%. The charge will be assessed until the earlier of annuitization or after the benefit has been credited to the contract. The Beneficiary Protector Option provides that upon the death of the Annuitant, and in addition to any death benefit payable, Nationwide will credit an additional amount to the contract (the "benefit"). For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Capital Preservation Plus Option** 

For contracts with the Capital Preservation Plus Option, Nationwide will assess an additional charge equal to an annualized rate of 0.50% of the Daily Net Assets. In addition, allocations to the Guaranteed Term Options will be assessed a fee of 0.50%. The charge will be assessed until annuitization. The Capital Preservation Plus Option provides a "return of principal" guarantee over an elected period of time. Contract Value at the end of the program period will be no less than Contract Value at the beginning of the program period, regardless of market performance. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Removal of Variable Account Charges** 

For certain optional benefits, a charge is assessed only for a specified period of time. To remove the charge, Nationwide systematically re-rates the contract. This re-rating results in lower contract charges, but no change in Contract Value or any other contractual benefit.

Re-rating involves two steps: the adjustment of contract expenses and the adjustment of the number of units in the contract.

The first step, the adjustment of contract expenses, involves removing the charge from the unit value calculation.

***Example:***<br>

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&nbsp;&nbsp; On a contract where the only optional benefit elected is the Extra Value Option, the Variable <br> Account value will be calculated using unit values with Variable Account charges of 1.40% <br> for the first seven Contract Years. At the end of that period, the charge associated with the <br> Extra Value Option will be removed. From that point on, the Variable Account value will be <br> calculated using the unit values with Variable Account charges at 0.95%. Thus, the Extra <br> Value Option charge is no longer included in the daily Sub-Account valuation for the <br> contract.<br>

The second step of the re-rating process, the adjustment of the number of units in the contract, is necessary in order to keep the re-rating process from altering the Contract Value. Generally, for any given Sub-Account, the higher the Variable Account charges, the lower the unit value, and vice versa.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Sub-Account X with charges of 1.40% will have a lower unit value than Sub-Account X with <br> charges of 0.95% (higher expenses result in lower unit values). When, upon re-rating, the <br> unit values used in calculating Variable Account value are dropped from the higher expense <br> level to the lower expense level, the higher unit values will cause an incidental increase in <br> the Contract Value. In order to avoid this incidental increase, Nationwide adjusts the number <br> of units in the contract down so that the Contract Value after the re-rating is the same as the <br> Contract Value before the re-rating.<br>|

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**Underlying Mutual Fund Charges** 

In addition to the charges indicated above, the underlying mutual funds in which the Sub-Accounts invest have their own fees and charges which are paid out of the assets of the underlying mutual fund. More information about the fees and charges of the underlying mutual funds can be found in the prospectus for each underlying mutual fund which can be obtained free of charge by visiting the website listed in *Appendix A: Investment Options Available Under the Contract* or contacting Nationwide's Service Center.

**Market Value Adjustment** 

A withdrawal or transfer from a Guaranteed Term Option (GTO) prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

A market value adjustment is in addition to any applicable CDSC.

The market value adjustment is determined by multiplying a market value adjustment factor (arrived at by using the market value adjustment formula, which can be obtained by contacting the Service Center) by the "specified value" (or the portion of the specified value being withdrawn), which is the amount allocated to the GTO, plus interest accrued at the specified interest rate, minus prior withdrawals. The market value adjustment may either increase or decrease the amount of the withdrawal.

The market value adjustment is intended to approximate, without duplicating, Nationwide's experience when it liquidates assets in order to satisfy contractual obligations. Such obligations arise when contract owners make withdrawals, or when the operation of the contract requires a distribution.

A Contract Owner may call the Service Center to obtain the current market value adjustment applicable to each of their Guaranteed Term Options. The market value adjustment fluctuates daily, and the quoted market value adjustment may differ from the actual market value adjustment assessed on a withdrawal or transfer.

Because a market value adjustment can affect the value of a withdrawal, its effects should be carefully considered before surrendering or transferring from Guaranteed Term Options. Contact the Service Center for additional information on the Guaranteed Term Options.

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**Profitability** 

Nationwide does consider profitability when determining the charges in the contract. In early Contract Years, Nationwide does not anticipate earning a profit, since that is a time when administrative and distribution expenses are typically higher. Nationwide does, however, anticipate earning a profit in later Contract Years. In general, Nationwide's profit will be greater the higher the investment return and the longer the contract is held.

**The Contract in General**

**Types of Contracts Issued** 

The contracts may be issued as either individual or group contracts. In those states where contracts are issued as group contracts, references throughout this prospectus to "contract(s)" will also mean "certificate(s)" and "Contract Owner" will mean "participant" unless the plan permits or requires the Contract Owner to exercise contract rights under the terms of the plan.

The contracts can be categorized as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Charitable Remainder Trusts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Individual Retirement Annuities ("IRAs") with contributions rolled over or transferred from certain tax-qualified plans\*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Investment-Only Contracts (Qualified Plans)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-Qualified Contracts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Roth IRAs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Simplified Employee Pension IRAs ("SEP IRAs")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Simple IRAs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tax Sheltered Annuities with contributions rolled over or transferred from certain Tax Sheltered Annuities\*

\*

Contributions are not required to be rolled over or transferred if the Contract Owner elects the Reduced Purchase Payment Option.

Nationwide no longer issues the contract as a Tax Sheltered Annuity, except to participants in ERISA and ORP plans that have purchased a Nationwide individual annuity contract before September 25, 2007.

For more detailed information about the differences in contract types, see *Appendix B: Contract Types and Tax Information*.

The contracts described in this prospectus are no longer available for purchase.

**Minimum Initial and Subsequent Purchase Payments**

All purchase payments must be paid in the currency of the United States of America. The minimum initial purchase payment is $15,000. The minimum subsequent purchase payment is $1,000.

If the Contract Owner elects the Reduced Purchase Payment Option, minimum initial and subsequent purchase payment requirements will be reduced accordingly.

Some states have different minimum initial and subsequent purchase payment amounts, and subsequent purchase payments may not be permitted in all states. Contact the Service Center for information on initial and subsequent purchase payment requirements in a particular state.

Extra Value Option credits may not be used to meet minimum purchase payment requirements.

**Nationwide reserves the right to refuse any purchase payment that would result in the cumulative total for all contracts issued by Nationwide or its affiliates or subsidiaries on the life of any one Annuitant or owned by any one Contract Owner to exceed $1,000,000.** Its decision as to whether or not to accept a purchase payment in excess of that amount will be based on one or more factors, including, but not limited to: age, spouse age (if applicable), Annuitant age, state of issue, total purchase payments, optional benefits elected, current market conditions, and current hedging costs. All such decisions will be based on internally established actuarial guidelines and will be applied in a non-discriminatory manner. In the event that Nationwide does not accept a purchase payment under these guidelines, the purchase payment will be immediately returned in its entirety in the same manner as it was received. If Nationwide

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accepts the purchase payment, it will be applied to the contract immediately and will receive the next calculated Accumulation Unit value. Any references in this prospectus to purchase payment amounts in excess of $1,000,000 are assumed to have been approved by Nationwide.

Nationwide prohibits subsequent purchase payments made after death of the Contract Owner(s), the Annuitant, or Co-Annuitant. If upon notification of death of the Contract Owner(s), the Annuitant, or Co-Annuitant, it is determined that death occurred prior to a subsequent purchase payment being made, Nationwide reserves the right to return the purchase payment.

**Dollar Limit Restrictions** 

Certain features of the contract have additional purchase payment and/or Contract Value limitations associated with them:

*Guaranteed Term Options.* The minimum amount that may be allocated to a Guaranteed Term Option is $1,000.

**Money Laundering** 

In order to comply with the USA PATRIOT Act and rules promulgated thereunder, Nationwide has implemented procedures designed to prevent contracts described in this prospectus from being used to facilitate money laundering or the financing of terrorist activities. If mandated under applicable law, Nationwide may be required to reject a purchase payment and/or block a Contract Owner's account and thereby refuse to process any request for transfers, withdrawals, surrenders, loans, or death benefits until instructions are received from the appropriate regulators. Nationwide may also be required to provide additional information about a Contract Owner or a Contract Owner's account to governmental regulators.

**Replacements** 

If the contract described in this prospectus is replacing another variable annuity, the mortality tables used to determine the amount of annuity payments for this contract may be less favorable than those in the contract being replaced. Additionally, upon replacement, all benefits accrued under the replaced contract are forfeited. The issuance of this contract as a replacement for any investment product may result in the payment of compensation to the financial professional, which could create a conflict of interest.

**Contestability** 

Nationwide will not contest the contract.

**Payments to Minors** 

Nationwide will not pay insurance proceeds directly to minors. Contact a legal advisor for options to facilitate the timely availability of monies intended for a minor's benefit.

**Contract Misuse** 

The annuity described in this prospectus is intended to provide benefits to a single individual and his/her beneficiaries. It is not intended to be used by institutional investors, in connection with other Nationwide contracts that have the same Annuitant, or in connection with other Nationwide contracts that have different Annuitants, but the same Contract Owner. If Nationwide determines that the risks it intended to assume in issuing the contract have been altered by misusing the contract as described above, Nationwide reserves the right to take any action it deems necessary to reduce or eliminate the altered risk. Nationwide also reserves the right to take any action it deems necessary to reduce or eliminate altered risk resulting from materially false, misleading, incomplete, or otherwise deficient information provided by the Contract Owner.

**Nationwide's General Account Obligations** 

Nationwide is obligated to pay all amounts promised to Contract Owners under the contract. Any obligations Nationwide has to Contract Owners under the contracts in excess of the Contract Value are paid from the General Account and are subject to Nationwide's creditors and ultimately, its overall claims paying ability.

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**Contractual Guarantees** 

These contracts are offered to customers of various financial institutions and brokerage firms. No financial institution or brokerage firm is responsible for any of the contractual insurance benefits and features guaranteed under the contracts. *These guarantees are the sole responsibility of Nationwide*.

**Reservation of Rights**

In addition to rights that Nationwide specifically reserves elsewhere in this prospectus, Nationwide reserves the right, subject to any applicable regulatory approvals, to perform any or all of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• close Sub-Accounts to additional purchase payments on existing contracts or close Sub-Accounts for contracts purchased on or after specified dates. Changes of this nature will be made as directed by the underlying mutual funds or because Nationwide determines that the underlying mutual fund is no longer suitable (see *Underlying Mutual Fund Service Fee Payments)*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make changes required by any change in the federal securities laws, including, but not limited to, the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, or any other changes to the Securities and Exchange Commission's rules and regulations thereunder or interpretation thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make any changes necessary to maintain the status of the contracts as annuities under the Internal Revenue Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make any changes required by federal or state laws with respect to annuity contracts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• suspend or discontinue sale of the contracts. The decision to suspend or discontinue sale of the contracts is made at Nationwide's discretion. Any decision of this nature would not impact current Contract Owners.

Contract Owners will be notified of any resulting changes by way of a supplement to the prospectus.

**Distribution, Promotional, and Sales Expenses** 

Nationwide pays commissions to the firms that sell the contracts. The maximum gross commission that Nationwide will pay on the sale of the contracts is 6.5% of purchase payments. **Note:** The individual financial professionals typically receive only a portion of this amount; the remainder is retained by the firm. Nationwide may also, instead of a premium-based commission, pay an asset-based commission (sometimes referred to as "trails" or "residuals"), or a combination of the two.

In addition to or partially in lieu of commission, and to the extent permitted by SEC and FINRA rules and other applicable laws and regulations, Nationwide may also pay the selling firms a marketing allowance, which is based on the firm's ability and demonstrated willingness to promote and market Nationwide's products. How any marketing allowance is spent is determined by the firm, but generally will be used to finance firm activities that may contribute to the promotion and marketing of Nationwide's products, which may include but not be limited to providing conferences or seminars, sales or training programs, advertising and sales campaigns regarding the contracts, and payments to assist a firm in connection with its administrative systems, operations and marketing expenses and/or other events or activities sponsored by the firms.

Nationwide may also host training and/or educational meetings including the cost of travel, accommodations and meals for firms that sell the contracts as well as assist such firms with marketing or advertisement costs.

For more information on the exact compensation arrangement associated with this contract, consult your financial professional.

**Underlying Mutual Fund Service Fee Payments** 

***Nationwide's Relationship with the Underlying Mutual Funds*** 

The underlying mutual funds incur expenses each time they sell, administer, or redeem their shares. The Variable Account aggregates Contract Owner purchase, redemption, and transfer requests and submits net or aggregated purchase/redemption requests to each underlying mutual fund on each Valuation Date. The Variable Account (not the Contract Owners) is the underlying mutual fund shareholder. When the Variable Account aggregates transactions, the underlying mutual fund does not incur the expense of processing individual transactions it would normally incur if it sold its shares directly to the public. Nationwide incurs these expenses instead.

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Nationwide also incurs the distribution costs of selling the contract (as discussed above), which benefit the underlying mutual funds by providing Contract Owners with Sub-Account options that correspond to the underlying mutual funds.

An investment adviser or subadviser of an underlying mutual fund or its affiliates may provide Nationwide or its affiliates with wholesaling services that assist in the distribution of the contract and may pay Nationwide or its affiliates to participate in educational and/or marketing activities. These activities may provide the adviser or subadviser (or their affiliates) with increased exposure to persons involved in the distribution of the contract.

***Types of Payments Nationwide Receives*** 

In light of the above, the underlying mutual funds and their affiliates make certain payments to Nationwide or its affiliates (the "payments"). The amount of these payments is typically based on a percentage of assets invested in the underlying mutual funds attributable to the contracts and other variable contracts Nationwide and its affiliates issue, but in some cases may involve a flat fee. These payments are made for various purposes, including payments for the services provided and expenses incurred by the Nationwide companies in promoting, marketing and administering the contracts and underlying funds. Nationwide may realize a profit on the payments received.

Nationwide or its affiliates receive the following types of payments:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Underlying mutual fund 12b-1 fees, which are deducted from underlying mutual fund assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Sub-transfer agent fees or fees pursuant to administrative service plans adopted by the underlying mutual fund, which may be deducted from underlying mutual fund assets; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Payments by an underlying mutual fund's adviser or subadviser (or its affiliates), from their own revenues. Such payments are not from underlying mutual fund assets. However, the revenues from which such payments are made may be derived from advisory fees, which are deducted from underlying mutual fund assets and are reflected in mutual fund charges.

Furthermore, Nationwide benefits from assets invested in Nationwide's affiliated underlying mutual funds (*i.e.*, Nationwide Variable Insurance Trust) because its affiliates also receive compensation from the underlying mutual funds for investment advisory, administrative, transfer agency, distribution, and/or other services provided. Thus, Nationwide may receive more revenue with respect to affiliated underlying mutual funds than unaffiliated underlying mutual funds.

Nationwide took into consideration the anticipated mutual fund service fee payments from the underlying mutual funds when it determined the charges imposed under the contracts. Without these mutual fund service fee payments, Nationwide would have imposed higher charges under the contract.

***Amount of Payments Nationwide Receives*** 

For the year end December 31, 2025, the underlying mutual fund service fee payments Nationwide and its affiliates received from the underlying mutual funds did not exceed 0.75% (as a percentage of the average Daily Net Assets invested in the underlying mutual funds) offered through the contract or other variable contracts that Nationwide and its affiliates issue. Payments from investment advisers or subadvisers to participate in educational and/or marketing activities have not been taken into account in this percentage.

Most underlying mutual funds or their affiliates have agreed to make payments to Nationwide or its affiliates, although the applicable percentages may vary from underlying mutual fund to underlying mutual fund and some may not make any payments at all. Because the amount of the actual payments Nationwide and its affiliates receive depends on the assets of the underlying mutual funds attributable to the contract, Nationwide and its affiliates may receive higher payments from underlying mutual funds with lower percentages (but greater assets) than from underlying mutual funds that have higher percentages (but fewer assets).

For contracts owned by an employer sponsored retirement plan subject to ERISA, upon a plan trustee's request, Nationwide will provide a best estimate of plan-specific, aggregate data regarding the amount of underlying mutual fund service fee payments Nationwide received in connection with the plan's investments either for the previous calendar year or plan year, if the plan year is not the same as the calendar year.

***Identification of Underlying Mutual Funds*** 

Nationwide may consider several criteria when identifying the underlying mutual funds, including some or all of the following: investment objectives, investment process, risk characteristics, investment capabilities, experience and resources, investment consistency, fund expenses, asset class coverage, the alignment of the investment objectives of the underlying mutual fund with Nationwide's hedging strategy, the strength of the adviser's or subadviser's reputation and tenure, brand recognition, and the capability and qualification of each investment firm. Other factors Nationwide may

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consider during the identification process are: whether the underlying mutual fund's adviser or subadviser is a Nationwide affiliate; whether the underlying mutual fund or its service providers (e.g. the investment adviser or subadvisers), or its affiliates will make mutual fund service fee payments to Nationwide or its affiliates in connection with certain administrative, marketing, and support services; or whether affiliates of the underlying mutual fund can provide marketing and distribution support for sales of the contracts. For additional information on these arrangements, see above*.* Nationwide reviews the funds periodically and may remove a fund or limit its availability to new contributions and/or transfers of account value if Nationwide determines that a fund no longer satisfies one or more of the selection criteria, and/or if the fund has not attracted significant allocations from Contract Owners.

Nationwide does not recommend or endorse any particular fund and it does not provide investment advice.

There may be underlying mutual funds with lower fees and expenses, as well as other variable contracts that offer underlying mutual funds with lower fees and expenses. The purchaser should consider all of the fees and charges of the contract in relation to its features and benefits when making a decision to invest. **Note:** Higher contract and underlying mutual fund fees and expenses have a direct effect on and may lower investment performance.

**Treatment of Unclaimed Property** 

Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period of inactivity of three to five years from the contract's Annuity Commencement Date or the date Nationwide becomes informed that a death benefit is due and payable. For example, if the payment of a death benefit has been triggered, but, if after a thorough search, Nationwide is still unable to locate the beneficiary of the death benefit, or the beneficiary does not come forward to claim the death benefit in a timely manner, the death benefit will be surrendered and placed in a non-interest bearing account. While in the non-interest bearing account, Nationwide will continue to perform due diligence required by state law. Once the state mandated period has expired, Nationwide will escheat the death benefit to the abandoned property division or unclaimed property office of the state in which the beneficiary or the Contract Owner last resided, as shown on Nationwide's books and records, or to Ohio, Nationwide's state of domicile. If a claim is subsequently made, the state is obligated to pay any such amount (without interest) to the designated recipient upon presentation of proper documentation.

To prevent escheatment, it is important to update beneficiary designations - including complete names, complete addresses, phone numbers, and social security numbers - as they change. Such updates should be sent to the Service Center.

**Benefits Under the Contract** 

**The following tables summarize information about the benefits under the contract.** The Standard Benefits table indicates the benefits that are available under the contract and for which there is no additional charge. The Optional Benefits table indicates the benefits that are (or were) available under the contract that are optional – they must be affirmatively elected by the applicant and may have an additional charge. The availability of contract benefits may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations*).

**Standard Benefits Table** 

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| | | | |
|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Brief Description of Restrictions/Limitations** |
| Standard Death Benefit | Death benefit upon <br> death of Annuitant prior <br> to Annuitization<br>|  | &nbsp;&nbsp;&nbsp; ● Nationwide may limit purchase payments to <br> $1,000,000<br>|
| Asset Rebalancing (see <br> *Contract Owner* <br> *Services)*<br>| Automatic reallocation <br> of assets on a <br> predetermined <br> percentage basis<br>|  | &nbsp;&nbsp;&nbsp; ● Assets in the Fixed Account and GTOs are <br> excluded from the program<br>|

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| | | | |
|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Brief Description of Restrictions/Limitations** |
| Dollar Cost Averaging <br> (see *Contract Owner* <br> *Services)*<br>| Long-term transfer <br> program involving <br> automatic transfer of <br> assets<br>|  | &nbsp;&nbsp;&nbsp; ● Transfers are only permitted from the Fixed Account <br> and a limited number of Sub-Accounts<br> ● Transfers may not be directed to the Fixed Account <br> or GTOs<br> ● Transfers from the Fixed Account must be equal to <br> or less than 1/30th of the Fixed Account value at <br> the time the program is requested<br>|
| Enhanced Fixed <br> Account Dollar Cost <br> Averaging (see *Contract* <br> *Owner Services)*<br>| Long-term transfer <br> program involving <br> automatic transfer of <br> Fixed Account <br> allocations with higher <br> interest crediting rate<br>|  | &nbsp;&nbsp;&nbsp; ● Transfers are only permitted from the Fixed Account<br> ● Only new purchase payments to the contract are <br> eligible for the program<br> ● Transfers may not be directed to the Fixed Account <br> or GTOs<br>|
| Systematic Withdrawals <br> (see *Contract Owner* <br> *Services)*<br>| Automatic withdrawals <br> of Contract Value on a <br> periodic basis<br>|  | ● Withdrawals must be at least $100 each |

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**Optional Benefits Table** 

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Loans (see *Loan* <br> *Privilege*)<br>| Loan from Contract <br> Value<br>| $25 Loan <br> Processing <br> Fee and <br> 2.25% <br> compound <br> interest on <br> outstanding <br> loan balance<br>| $25 Loan <br> Processing <br> Fee and <br> 2.25% <br> compound <br> interest on <br> outstanding <br> loan balance<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of Tax <br> Sheltered Annuities<br> ● Subject to terms of the Tax <br> Sheltered Annuity plan<br> ● Minimum and maximum loan <br> amounts apply<br> ● Loans must be repaid within a <br> specified period<br> ● Loan payments must be made at <br> least quarterly<br>|
| Reduced Purchase <br> Payment Option<br>| Reduction to minimum <br> initial purchase payment <br> and subsequent <br> purchase payment <br> requirements<br>| 0.25% (Daily <br> Net Assets)<br>| 0.25% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Not available for Investment-Only <br> Contracts<br>|
| Five Year CDSC Option | Reduction of standard <br> CDSC schedule<br>| 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● Not available if the Extra Value <br> Option is elected<br>|
| Additional Withdrawal <br> Without Charge and <br> Disability Waiver<br>| CDSC waiver and <br> increased CDSC-free <br> withdrawal privilege<br>| 0.10% (Daily <br> Net Assets)<br>| 0.10% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective due to <br> disability, no additional purchase <br> payments are permitted<br>|
| 10 Year and Disability <br> Waiver<br>| CDSC waiver | 0.05% (Daily <br> Net Assets)<br>| 0.05% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of a Tax <br> Sheltered Annuity<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective due to <br> disability, no additional purchase <br> payments are permitted<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Hardship Waiver | CDSC waiver | 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of a Tax <br> Sheltered Annuity<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective, no <br> additional purchase payments are <br> permitted<br>|
| One-Year Enhanced <br> Death Benefit with <br> Long-Term Care/<br> Nursing Home Waiver <br> and Spousal Protection<br>| Enhanced death benefit | 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● May not be elected if another death <br> benefit option is elected<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Spousal Protection Feature<br> ● Not applicable to Charitable <br> Remainder Trusts<br> ● One or both spouses (or a revocable <br> trust of which either or both of the <br> spouses is/are grantor(s)) must be <br> named as the Contract Owner<br> ● For contracts issued as an IRA or <br> Roth IRA, only the person for whom <br> the IRA or Roth IRA was established <br> may be named as the Contract <br> Owner<br> ● Only available to Contract Owner's <br> spouse<br> ● Spouses must be Co-Annuitants<br> ● Both spouses must be 85 or younger <br> at contract issuance<br> ● Spouses must be named as <br> beneficiaries<br> ● No other person may be named as <br> Contract Owner, Annuitant, or <br> primary beneficiary<br> ● If the Contract Owner requests to <br> add a Co-Annuitant after contract <br> issuance, the date of marriage must <br> be after the contract issue date and <br> Nationwide will require the Contract <br> Owner to provide a copy of the <br> marriage certificate<br> ● Benefit is forfeited if certain changes <br> to the parties or assignments are <br> made<br>|
| One-Year Step Up <br> Death Benefit Option<br>| Enhanced death benefit | 0.05% (Daily <br> Net Assets)<br>| 0.05% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Greater of One-Year or <br> 5% Enhanced Death <br> Benefit with Long-Term <br> Care/Nursing Home <br> Waiver and Spousal <br> Protection Option<br>| Enhanced death benefit | 0.20% (Daily <br> Net Assets)<br>| 0.20% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● May not be elected if another death <br> benefit option is elected<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Spousal Protection Feature<br> ● Not applicable to Charitable <br> Remainder Trusts<br> ● One or both spouses (or a revocable <br> trust of which either or both of the <br> spouses is/are grantor(s)) must be <br> named as the Contract Owner<br> ● For contracts issued as an IRA or <br> Roth IRA, only the person for whom <br> the IRA or Roth IRA was established <br> may be named as the Contract <br> Owner<br> ● Only available to Contract Owner's <br> spouse<br> ● Spouses must be Co-Annuitants<br> ● Both spouses must be 85 or younger <br> at contract issuance<br> ● Spouses must be named as <br> beneficiaries<br> ● No other person may be named as <br> Contract Owner, Annuitant, or <br> primary beneficiary<br> ● If the Contract Owner requests to <br> add a Co-Annuitant after contract <br> issuance, the date of marriage must <br> be after the contract issue date and <br> Nationwide will require the Contract <br> Owner to provide a copy of the <br> marriage certificate<br> ● Benefit is forfeited if certain changes <br> to the parties or assignments are <br> made<br>|
| 5% Enhanced Death <br> Benefit Option<br>| Enhanced death benefit | 0.10% (Daily <br> Net Assets)<br>| 0.10% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br>|
| Guaranteed Minimum <br> Income Benefit Option 1<br>| Minimum guaranteed <br> value for annuitization<br>| 0.45% (Daily <br> Net Assets)<br>| 0.45% (Daily <br> Net Assets)<br>| ● No longer available for election<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Annuitization options are limited<br>|
| Guaranteed Minimum <br> Income Benefit Option 2<br>| Minimum guaranteed <br> value for annuitization<br>| 0.30% (Daily <br> Net Assets)<br>| 0.30% (Daily <br> Net Assets)<br>| ● No longer available for election<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Annuitization options are limited<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Extra Value Option | Additional money is <br> deposited to the <br> contract (bonus credits)<br>| 0.45% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| 0.45% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● Bonus credit only applies to deposits <br> made during the first Contract Year<br> ● Bonus credits are subject to <br> recapture under certain <br> circumstances<br> ● Fixed Account allocations may be <br> restricted under certain <br> circumstances<br>|
| Beneficiary Protector <br> Option<br>| Payment of an amount <br> that could be used to <br> pay taxes assessed on <br> death benefit proceeds<br>| 0.40% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| 0.40% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Election is irrevocable<br> ● Annuitant must be 70 or younger at <br> date of election<br>|
| Capital Preservation <br> Plus Option<br>| Principal protection | 0.50% (Daily <br> Net Assets <br> and GTO <br> guaranteed <br> rate of <br> return)<br>| 0.50% (Daily <br> Net Assets <br> and GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Investment restrictions apply<br> ● Not available if a loan is outstanding<br> ● No new loans are permitted<br> ● Additional purchase payments are <br> not permitted during the program <br> period<br> ● Enhanced Fixed Account Dollar Cost <br> Averaging is not available<br> ● Surrenders cannot be taken <br> exclusively from the GTO<br> ● Transfers to and from the GTO are <br> not permitted during the program <br> period<br> ● Restrictions on termination apply<br>|

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**Standard Death Benefit (Five-Year Reset Death Benefit)**

If the Annuitant dies before the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

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Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the Standard Death Benefit (Five-Year Reset Death Benefit) is <br> calculated, see *Appendix C: Standard Death Benefit (Five-Year Reset Death Benefit)* <br> *Example.*<br>|

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**Reduced Purchase Payment Option**

If the applicant elects the Reduced Purchase Payment Option, Nationwide will deduct an additional charge equal to an annualized rate of 0.25% of the Daily Net Assets. This option must be elected at the time of application. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization, unless the Contract Owner terminates the option as described below. In return, the minimum initial purchase payment for that contract will be $1,000 and minimum subsequent purchase payment will be $25. This option is not available for Investment-Only Contracts. Nationwide may realize a profit from the charge assessed for this option.

The Contract Owner may terminate this option if, throughout a period of at least two years and continuing until such termination election, the total of all purchase payments, less surrenders is maintained at $25,000 or more.

The election to terminate the option must be submitted in writing to the Service Center on a form provided by Nationwide. Termination will occur as of the date on the election form, and after the termination, the charge for this option will no longer be assessed. Subsequent purchase payments, if any, will be subject to the terms of the contract and must be at least $1,000.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elected the Reduced Purchase Payment Option at the time of application. While the <br> option remains in effect, Nationwide will accept a minimum initial purchase payment of <br> $1,000 or more and will accept minimum subsequent purchase payments of $25 or more. <br> Those amounts are lower than what would be required had the Reduced Purchase Payment <br> Option not been elected.<br>|

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**Five Year CDSC Option** 

Applicants can elect the Five-Year CDSC Option, which reduces the standard seven-year CDSC Schedule to a five-year CDSC schedule. The Five-Year CDSC Option must be elected at the time of application, and the option is irrevocable. In exchange, Nationwide assesses a charge at an annualized rate of 0.15% of the Daily Net Assets. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization.

The CDSC schedule applicable if the Five Year CDSC Option is elected is:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5+** |
| CDSC Percentage | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 0% |

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Under this option, CDSC will not exceed 7% of purchase payments surrendered.

Nationwide may realize a profit from the charge assessed for this option.

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In the State of New York, the Five Year CDSC Option is available only for contracts issued as Roth IRAs and is not available when the Extra Value Option is elected.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. B elected the Five Year CDSC Option at the time of application. Mr. B elects to take a <br> partial withdrawal in the fourth year of his contract. Instead of applying the standard CDSC <br> schedule, Nationwide will apply the Five Year CDSC schedule, which results in a CDSC <br> percentage of 2% (3 completed Contract Years).<br>|

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**Additional Withdrawal Without Charge and Disability Waiver** 

Each contract has a standard 10% CDSC-free withdrawal privilege each year. For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, the Contract Owner can, each year, withdraw an additional 5% of total purchase payments without incurring a CDSC. This would allow the Contract Owner to withdraw a total of 15% of the total of all purchase payments each year free of CDSC. Like the standard 10% CDSC-free privilege, this additional withdrawal benefit is non-cumulative.

This option also contains a disability waiver. Nationwide will waive CDSC if a Contract Owner (or Annuitant if the contract is owned by a non-natural owner) is disabled after the contract is issued but before reaching age 65. If this waiver becomes effective due to disability, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. J elected the Additional Withdrawal Without Charge and Disability Waiver at the time of <br> application and he now wants to take a withdrawal from his contract. If Mr. J's withdrawal is <br> subject to a CDSC and he hasn't yet used his CDSC-free withdrawal privilege for that year, <br> Mr. J would be entitled to a 15% CDSC-free withdrawal, as opposed to the 10% CDSC-free <br> withdrawal that is applicable on standard contracts.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option.

**10 Year and Disability Waiver** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can elect the 10 Year and Disability Waiver. Under this option, Nationwide will waive CDSC if two conditions are met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Owner has been the owner of the contract for at least 10 years; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Contract Owner has made regular payroll deferrals during the entire Contract Year for at least five of those 10 years.

This option also contains a disability waiver. Nationwide will waive CDSC if the Contract Owner is disabled after the contract is issued but before reaching age 65. If this waiver becomes effective due to disability, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. Q elected the 10 Year and Disability Waiver at the time of application and is in her 11<sup>th</sup> <br> year of owning the contract. During that time, she made regular monthly payroll deposits <br> into the contract. Nationwide will waive any applicable CDSC on withdrawals from Ms. Q's <br> contract.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option.

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**Hardship Waiver** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can purchase the Hardship Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner experiences a hardship (as defined for purposes of Internal Revenue Code Section 401(k)). The Contract Owner may be required to provide proof of hardship.

If this waiver becomes effective, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elected the Hardship Waiver at the time of application and she would like to take a <br> hardship withdrawal from her contract. Nationwide will waive any applicable CDSC on the <br> hardship withdrawal, provided any request proof of hardship is provided and accepted by <br> Nationwide.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option**.**

**One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option**

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the highest Contract Value on any Contract Anniversary prior to the Annuitant's 86<sup>th</sup> birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the One-Year Enhanced Death Benefit with Long-Term Care/<br> Nursing Home Waiver and Spousal Protection Option is calculated, see *Appendix D: One-*<br> *Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal* <br> *Protection Option Example.*<br>|

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The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met, and the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse.

**One-Year Step Up Death Benefit Option**

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant can elect the One-Year Step-Up Death Benefit Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and

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will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. The One-Year Step Up Death Benefit Option is only available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the highest Contract Value on any Contract Anniversary prior to the 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the One-Year Step-Up Death Benefit Option is calculated, see <br> *Appendix E: One-Year Step Up Death Benefit Option Example*.<br>|

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The One-Year Step-Up Death Benefit Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met.

The One-Year Step-Up Death Benefit Option and the 5% Enhanced Death Benefit Option may both be elected, in which case the death benefit will be the greater of the two benefits.

**Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option**

For an additional charge at an annualized rate of 0.20% of the Daily Net Assets, an applicant can elect the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% compound interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

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Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

---

| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the Greater of One-Year or 5% Enhanced Death Benefit with Long-<br> Term Care/Nursing Home Waiver and Spousal Protection Option is calculated, see <br> *Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/*<br> *Nursing Home Waiver and Spousal Protection Option Example.*<br>|

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The Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met, and the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse.

**5% Enhanced Death Benefit Option**

For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, an applicant can elect the 5% Enhanced Death Benefit Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. The 5% Enhanced Death Benefit Option is only 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. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% simple interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the 5% Enhanced Death Benefit Option is calculated, see *Appendix* <br> *G: 5% Enhanced Death Benefit Option Example*<br>|

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The 5% Enhanced Death Benefit Option also includes the Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met.

The One-Year Step-Up Death Benefit Option and the 5% Enhanced Death Benefit Option may both be elected, in which case the death benefit will be the greater of the two benefits.

**Spousal Protection Feature** 

The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option and the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option include a Spousal Protection Feature. The Spousal Protection Feature is not available for contracts issued as Charitable Remainder Trusts. The Spousal Protection Feature allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse, provided the conditions described below are satisfied:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The spouses must be Co-Annuitants;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Both spouses must be age 85 or younger at the time the contract is issued;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Both spouses must be named as beneficiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) No person other than the spouse may be named as Contract Owner, Annuitant, or primary beneficiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) If both spouses are alive upon annuitization, the Contract Owner must specify which spouse is the Annuitant upon whose continuation of life any annuity payments involving life contingencies depend (for an IRA or Roth IRA contract, this person must be the Contract Owner); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) 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.

If a Co-Annuitant dies before the Annuitization Date, the surviving spouse may continue the contract as its sole Contract Owner. Additionally, if the death benefit value is higher than the Contract Value at the time of the first Co-Annuitant's death, Nationwide will adjust the Contract Value to equal the death benefit value. The surviving Co-Annuitant may then name a new beneficiary but may not name another Co-Annuitant.

If the marriage of the Co-Annuitants terminates due to the death of a spouse, divorce, dissolution, or annulment, the Spousal Protection Feature terminates and the Contract Owner is not permitted to cover a subsequent spouse.

---

| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; On June 1, which is before her Annuitization Date, Ms. P passes away. Her death benefit <br> contains the Spousal Protection Feature. The death benefit on Ms. P's contract equals <br> $24,000.<br>|
| &nbsp;&nbsp; Ms. P was married to Mr. P at the time of her death. Under the Spousal Protection Feature, <br> assuming all conditions were met, Mr. P has the option, instead of receiving the $24,000 <br> death benefit, to continue the contract as if it were his own. If he elects to do so, the <br> Contract Value, if it is lower than $24,000, will be adjusted to equal the $24,000 death <br> benefit. From that point forward, the contract will be his and all provisions of the contract <br> apply. Upon Mr. P's death, his beneficiary will then receive a death benefit equal to the <br> elected death benefit under the contract.<br>|

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The Spousal Protection Feature may not apply if certain changes to the parties or assignments are made to the contract. Contract Owners contemplating changes to the parties to the contract, including assignments, should contact their financial professional to determine how the changes impact the Spousal Protection Feature.

**Guaranteed Minimum Income Benefit Options**

For contracts issued prior to May 1, 2003, an applicant could have elected one or both of the Guaranteed Minimum Income Benefit Options at the time of application. Once elected, the Guaranteed Minimum Income Benefit Options are irrevocable. If elected, Nationwide will deduct an additional charge at an annualized rate of 0.45% if GMIB Option 1 is elected and 0.30% of the Daily Net Assets if GMIB Option 2 is elected. The charges associated with these options are calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charges assessed for these options.

A GMIB is a benefit that ensures the availability of a minimum amount when the Contract Owner wishes to annuitize the contract. This minimum amount, referred to as the Guaranteed Annuitization Value, may be used at specified times to provide a guaranteed level of determinable lifetime annuity payments. The GMIB may provide protection in the event of lower Contract Values that may result from the investment performance of the contract.

***How the Guaranteed Annuitization Value is Determined*** 

There are two options available at the time of application. The Guaranteed Annuitization Value is determined differently based on the option the Contract Owner elects.

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***Calculation Under GMIB Option 1*** 

The Guaranteed Annuitization Value is equal to (a) – (b), but will never be greater than 200% of all purchase payments, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of all purchase payments, plus interest accumulated at a compounded annual rate of 5% starting at the date of issue and ending on the Contract Anniversary occurring immediately prior to the Annuitant's 86<sup>th</sup> birthday; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the reduction to (a) due to withdrawals made from the contract. All such reductions will be proportionately the same as reductions to the Contract Value caused by withdrawals. For example, a surrender that reduces the Contract Value by 25% will also reduce the Guaranteed Annuitization Value by 25%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Assume the Guaranteed Annuitization Value = $100,000 and the Contract Value = $80,000 <br> at time of a $20,000 withdrawal. Therefore, the Contract Value would be reduced by 25% <br> ($20,000/$80,000), and the Guaranteed Annuitization Value would also be reduced by 25% <br> or $25,000 (25% x $100,000). As a result, the new Guaranteed Annuitization Value = <br> $75,000 ($100,000-$25,000).<br>|

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***Special Restrictions for GMIB Option 1*** 

After the first Contract Year, if the value of the Contract Owner's Fixed Account allocation becomes greater than 30% of the Contract Value in any Contract Year due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the application of additional purchase payments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) surrenders; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) transfers from the Sub-Accounts;

then 0% interest will accrue in that Contract Year for purposes of calculating the Guaranteed Annuitization Value.

If the Contract Owner's Fixed Account allocation becomes greater than 30% of the Contract Value solely as a result of fluctuations in the value of Sub-Account allocations, interest will continue to accrue for the purposes of the Guaranteed Annuitization Value at 5% annually, subject to the other terms and conditions outlined herein.

***Calculation Under GMIB Option 2*** 

The Guaranteed Annuitization Value will be equal to the highest Contract Value on any Contract Anniversary occurring prior to the Annuitant's 86<sup>th</sup> birthday, less an adjustment for amounts withdrawn, plus purchase payments received after that Contract Anniversary.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Assume the highest Contract Value on any Contract Anniversary prior to the Annuitant's <br> 86th birthday = $100,000 and the Contract Value = $80,000 at time of a $20,000 <br> withdrawal. Therefore, the Contract Value would be reduced by 25% ($20,000/$80,000), <br> and the Guaranteed Annuitization Value would also be reduced by 25% or $25,000 (25% x <br> $100,000). As a result, the new Guaranteed Annuitization Value = $75,000 <br> ($100,000-$25,000).<br>|

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***When the Guaranteed Annuitization Value May Be Used*** 

The Contract Owner may use the Guaranteed Annuitization Value by annuitizing the contract during the 30-day period following any Contract Anniversary, provided the contract has been in effect for seven years and the Annuitant has attained age 60.

***Annuity Payment Options That May Be Used With the Guaranteed Annuitization Value*** 

The Contract Owner may elect any life contingent fixed annuity payment option described in this provision, calculated using the guaranteed annuity purchase rates set forth in the contract. The permitted fixed annuity payment options include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Standard Joint and Survivor; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life with 10 or 20 Year Term Certain.

***Other GMIB Terms and Conditions*** 

While a GMIB does provide a Guaranteed Annuitization Value, a GMIB may not be appropriate for all investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A GMIB does NOT in any way guarantee the performance of any Sub-Account or any other investment option available under the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Once elected, the GMIB is irrevocable, meaning that even if the investment performance of the selected investment options surpasses the minimum guarantees associated with the GMIB, the GMIB charges will continue to be assessed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The GMIB in no way restricts or limits the rights of Contract Owners to annuitize the contract at other times permitted under the contract, nor will it in any way restrict the right to annuitize the contract using Contract Values that may be higher than the Guaranteed Annuitization Value.

Consult a qualified financial advisor in evaluating the GMIB options.

**Extra Value Option**

Applicants should be aware of the following prior to electing an Extra Value Option:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide may make a profit from the Extra Value Option charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Because the Extra Value Option charge will be assessed against the entire Contract Value for the first seven Contract Years, Contract Owners who anticipate making additional purchase payments after the first Contract Year (which will not receive the Extra Value Option credit(s) but will be assessed the Extra Value Option charge) should carefully examine the Extra Value Option and consult their financial professional regarding its desirability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide may take back or "recapture" all or part of the amount credited under the Extra Value Option in the event of early withdrawals, including revocation of the contract during the contractual free-look period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the market declines during the period that the Extra Value Option credit(s) is subject to recapture, the amount subject to recapture could decrease the amount of Contract Value available for withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The cost of the Extra Value Option and the recapture of the credits (in the event of a withdrawal) could exceed any benefit of receiving the Extra Value Option credits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Contract Owner elects or has elected an Extra Value Option. These restrictions may be imposed at Nationwide's discretion when economic conditions are such that Nationwide is unable to recoup the cost of providing the up-front Extra Value Option credits.

Applicants can elect the Extra Value Option, in which case Nationwide will apply a credit to the contract equal to 3% of each purchase payment made to the contract for the first 12 months the contract is in force. The Extra Value Option must be elected at the time of application, and the option is irrevocable. This credit, which is funded from Nationwide's General Account, will be allocated among the investment options in the same proportion that the purchase payment is allocated to the contract. For purposes of all benefits and taxes under these contracts, credits are considered earnings, not purchase payments.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. C elects the Extra Value Option and submits an initial purchase payment of $50,000. On <br> the date the initial purchase payment is applied (and in addition to that initial purchase <br> payment), Nationwide will apply another $1,500 (which is 3% of $50,000) to Mr. C's <br> contract.<br>|

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In exchange, Nationwide will assess an additional charge at an annualized rate of 0.45% of the Daily Net Assets. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation.

In addition, allocations made to the Fixed Account and the GTOs will be assessed a fee of 0.45%.

After the end of seven Contract Years, Nationwide will discontinue assessing the charges associated with the Extra Value Option and the amount credited under this option will be fully vested.

***Recapture of Extra Value Option Credits*** 

Nationwide will recapture amounts credited to the contract in connection with an Extra Value Option if:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Contract Owner cancels the contract pursuant to the free look provision;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Contract Owner takes a full withdrawal before the end of seven Contract Years; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Contract Owner takes a partial withdrawal that is subject to a CDSC.

Some state jurisdictions require a reduced recapture schedule. Refer to the contract for state specific information.

Contract Owners should carefully consider the consequences of taking a withdrawal that subjects part or all of the credit to recapture. If Contract Value decreases due to poor market performance, the recapture provisions could decrease the amount of Contract Value available for withdrawal. In other words, the dollar amount of the credit Nationwide recaptures will remain the same, but this amount may be a higher percentage of the Contract Value.

Nationwide will not recapture credits under the Extra Value Option under the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the withdrawal is not subject to a CDSC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the distribution is taken as a result of a death, annuitization, or to meet minimum distribution requirements for this contract under the Internal Revenue Code; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the withdrawal occurs after seven Contract Years.

***Recapture Resulting from Exercising Free-Look Privilege*** 

If the Contract Owner cancels the contract pursuant to the contractual free-look provision, Nationwide will recapture the entire amount credited to the contract under this option. In those states that require the return of purchase payments for IRAs that are surrendered pursuant to the contractual free-look, Nationwide will recapture the entire amount credited to the contract under this option, but under no circumstances will the amount returned be less than the purchase payments made to the contract. In those states that allow a return of Contract Value, the Contract Owner will retain any earnings attributable to the amount credited, but all losses attributable to the amount credited will be incurred by Nationwide.

***Recapture Resulting from a Full Withdrawal*** 

If the Contract Owner takes a full withdrawal of the contract before the end of seven Contract Years, Nationwide will recapture the entire amount credited to the contract under the option.

***Recapture Resulting from a Partial Withdrawal*** 

If the Contract Owner takes a partial withdrawal before the end of seven Contract Years that is subject to CDSC, Nationwide will recapture a proportional part of the amount credited to the contract under this option.

**Beneficiary Protector Option**

For an additional charge at an annualized rate of 0.40% of the Daily Net Assets, the Beneficiary Protector Option may be elected. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation. This option may be elected at the time of application or after the contract has been issued, and the option is irrevocable. Allocations made to the Fixed Account or to the Guaranteed Term Options will be assessed a charge of 0.40%. The Beneficiary Protector Option is only available for contracts with Annuitants who are age 70 or younger at the time of election. Nationwide may realize a profit from the charge assessed for this option.

The Beneficiary Protector Option provides that upon the death of the Annuitant, in addition to any death benefit payable, Nationwide will credit an additional amount to the contract (the "benefit"). If the Beneficiary Protector Option is elected with a contract that has spouses designated as Annuitant and Co-Annuitant, the term Annuitant shall mean the person designated as the Annuitant on the application; the person designated as the Co-Annuitant does not have any rights under this benefit unless the Co-Annuitant is also the beneficiary.

The benefit is credited to the contract upon the death of the Annuitant. After the benefit is credited to the contract, the beneficiary(ies) may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) take distribution of the contract in the form of the death benefit or required distributions as applicable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the beneficiary is the deceased Annuitant's surviving spouse, continue the contract as the new beneficial Contract Owner, subject to any mandatory distribution rules.

Once the credit is applied to the contract, charges associated with the Beneficiary Protector Option will no longer be assessed.

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***How Credits are Calculated*** 

If the Beneficiary Protector Option was elected at the time of application and the Annuitant dies prior to the first Contract Anniversary after the Annuitant's 85<sup>th</sup> birthday, the amount credited to the contract will be equal to:

40% x Adjusted Earnings

Adjusted Earnings = (a) – (b) – (c); where:

a = the Contract Value on the date the death benefit is calculated (prior to any death benefit calculation); <br> b = purchase payments, proportionately adjusted for withdrawals; and <br> c = any adjustment for a death benefit previously credited, proportionately adjusted for withdrawals.

The adjustment for amounts withdrawn will reduce purchase payments and any death benefit previously credited to the contract in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

If the Beneficiary Protector Option was elected after the contract issue date and the Annuitant dies prior to the first Contract Anniversary after the Annuitant's 85<sup>th</sup> birthday, the amount credited to the contract will be equal to:

40% x Adjusted Earnings from the Date the Option is Elected

Adjusted Earnings from the Date the Option is Elected = (a) – (b) – (c) – (d), where:

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| | | |
|:---|:---|:---|
| 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 <br> adjusted for withdrawals.<br>|

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The adjustment for amounts withdrawn will reduce purchase payments and any death benefit previously credited to the contract in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; The Annuitant elected the Beneficiary Protector Option at the time of application. On the <br> date of the Annuitant's death, the Contract Value = $75,000, the total purchase payments <br> (adjusted for withdrawals) = $68,000, and there is no adjustment for a death benefit <br> previously credited. The amount of the benefit would be calculated as follows: 40% x <br> ($75,000-$68,000-$0), which equals $2,800.<br>|

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If no benefits have been paid under this option by the first contract anniversary following the Annuitant's 85<sup>th</sup> birthday, then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Nationwide will credit an amount equal to 4% of the Contract Value on the Contract Anniversary to the contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Beneficiary Protector Option will terminate and will no longer be in effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the charge associated with the Beneficiary Protector Option will no longer be assessed.

***How Amounts Are Credited*** 

Any amounts credited to the contract pursuant to this option will be allocated among the investment options in the same proportion as each purchase payment is allocated to the contract on the date the credit is applied.

**Capital Preservation Plus Option**

The Capital Preservation Plus "CPP" Option provides a "return of principal" guarantee over an elected period of time (3, 5, 7, or 10 years – the "program period"). Effective May 1, 2011, the only program period available is the 10-year program period; program periods of other durations that were elected prior to May 1, 2011 will continue unchanged to the end of the current program period. Contract Value at the end of the program period will be no less than Contract Value at the beginning of the period, regardless of market performance. Note, however, that surrenders or contract charges that are deducted from the contract will reduce the value of the guarantee proportionally.

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For program periods that began prior to May 1, 2025, the guarantee is conditioned upon the allocation of Contract Value between two investment components:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) A Guaranteed Term Option corresponding to the length of the elected program period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Non-Guaranteed Term Option allocations, which consist of the Fixed Account and a limited list of investment options.

For program periods that begin on or after May 1, 2025, the requirement to allocate a portion of the Contract Value to the Guaranteed Term Option is removed and the guarantee is conditioned upon allocation of the Contract Value to Non-Guaranteed Term allocations, which consist of a limited list of investment options.

In some state jurisdictions, Nationwide uses Target Term Options instead of Guaranteed Term Options in connection with the Capital Preservation Plus Option. For all material purposes, Guaranteed Term Options and Target Term Options are the same. All references to Guaranteed Term Options in relation to the Capital Preservation Plus Option will also mean Target Term Options (in applicable jurisdictions). Refer to the prospectus for the Guaranteed Term Options for more information.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. D elected the Capital Preservation Plus Option and elected a 10-year program period. <br> Nationwide informed her of her investment options and she provided her allocation <br> instructions. At the beginning of the program period, her Contract Value was $50,000. At <br> the end of the program period, Ms. D's Contract Value was $56,000, so no adjustment was <br> made to her contract. Had her Contract Value been less than $50,000 at the end of the <br> program period, Nationwide would have adjusted the Contract Value to equal $50,000.<br>|

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***Charges*** 

The charge associated with the Capital Preservation Plus Option is equal to an annualized rate not to exceed 0.50% of the Daily Net Assets. Allocations to the Guaranteed Term Options will also be assessed a charge not to exceed 0.50%. Nationwide may realize a profit from the charge assessed for this option.

All charges associated with the Capital Preservation Plus Option will remain the same for the duration of the program period. When the program period ends or an elected Capital Preservation Plus Option is terminated, the charges associated with the option will no longer be assessed.

***The Advantage of Capital Preservation Plus*** 

Without electing the option, Contract Owners may be able to approximate (without replicating) the benefits of the Capital Preservation Plus Option. To do this, Contract Owners would have to determine how much of their Contract Value would need to be allocated to a Guaranteed Term Option so that the amount at maturity (principal plus interest attributable to the Guaranteed Term Option allocation) would approximate the original total investment. The balance of the Contract Value would be available to be allocated among the Fixed Account and a limited list of investment options. This represents an investment allocation strategy aimed at capital preservation.

Election of the Capital Preservation Plus Option, however, generally permits a higher percentage of the Contract Value to be allocated outside of the Guaranteed Term Options. This provides Contract Owners with a greater opportunity to benefit from market appreciation that is reflected in the Sub-Accounts' performance, while preserving the return of principal guarantee.

***Availability*** 

The Capital Preservation Plus Option is only available for election at the time of application.

***Conditions Associated with the Capital Preservation Plus Option*** 

A Contract Owner with an outstanding loan may not elect the Capital Preservation Plus Option.

During the program period, the following conditions apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If withdrawals are taken or contract charges are deducted from the Contract Value, the value of the guarantee will be reduced proportionally.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Only one Capital Preservation Plus Option program may be in effect at any given time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No new purchase payments may be applied to the contract.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Transfers between and among permitted investment options may not be submitted via Internet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Rate Dollar Cost Averaging is not available as a Contract Owner service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide will not permit loans to be taken from the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No optional benefit that assesses a charge to the Guaranteed Term Options may be added to the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If Annuitant dies and the Annuitant's spouse elects to continue the contract, the option will remain in effect and will continue until the end of the original program period.

If the contract is annuitized, surrendered, or liquidated for any reason prior to the end of the program period, all guarantees are terminated. A market value adjustment may apply to amounts transferred from a Guaranteed Term Option due to annuitization. A market value adjustment may apply to amounts withdrawn or transferred from a GTO and the withdrawal will be subject to the CDSC provisions of the contract.

After the end of the program period or after termination of the option the above conditions will no longer apply.

***Investments During the Program Period*** 

When the option is elected and after Nationwide receives all required information, Nationwide will declare the amount of the Contract Value that is available for allocation to the Non-Guaranteed Term Option component. The remainder of the Contract Value must be allocated to a Guaranteed Term Option, the length of which corresponds to the length of the program period elected by the Contract Owner. For program periods that begin on or after May 1, 2025, the requirement to allocate a portion of the Contract Value to the Guaranteed Term Option is removed; all Contract Value must be allocated to the Non-Guaranteed Option component.

Only certain investment options are available when a Contract Owner elects the Capital Preservation Plus Option. Nationwide selected the available investment options on the basis of certain risk factors associated with the underlying mutual fund's investment objective. The investment options that are unavailable were excluded on the basis of similar risk considerations.

Election of the Capital Preservation Plus Option will not be effective unless and until Nationwide receives allocation instructions based on the limited set of investment options. Allocations to investment options other than those listed are not permitted during the program period.

Nationwide reserves the right to modify the list of available investment options upon written notice to Contract Owners. If an investment option is deleted from the list of available investment options, such deletion will not affect Capital Preservation Plus Option programs already in effect.

***Withdrawals During the Program Period*** 

If the Contract Owner takes a withdrawal, Nationwide will surrender Accumulation Units from the Sub-Accounts and an amount from the Fixed Account and the GTO in proportion to the value in each option at the time of the withdrawal request, unless Nationwide is instructed otherwise. Withdrawals may not be taken exclusively from the Guaranteed Term Option. The partial withdrawal will cause a proportional negative adjustment to the guarantee. A market value adjustment may apply to amounts withdrawn from the GTO and the withdrawal will be subject to the CDSC provisions of the contract.

***Transfers During the Program Period*** 

Transfers to and from the Guaranteed Term Option are not permitted during the program period.

Transfers between and among the permitted investment options are subject to the terms and conditions in the *Transfers Prior to Annuitization* provision. During the program period, transfers to investment options that are not included in the Capital Preservation Plus Option program are not permitted.

***Terminating the Capital Preservation Plus Option*** 

Once elected, the Capital Preservation Plus Option cannot be revoked, except as provided below.

If the Contract Owner elected a program period matching a 7-year Guaranteed Term Option, upon reaching the fifth Contract Anniversary, the Contract Owner may terminate the Capital Preservation Plus Option. Any termination instructions must be received at the Service Center within 60 days after the fifth Contract Anniversary.

If the Contract Owner elected a program period matching a 10-year Guaranteed Term Option, upon reaching the seventh Contract Anniversary, the Contract Owner may terminate the Capital Preservation Plus Option. Any termination instructions must be received at the Service Center within 60 days after the seventh Contract Anniversary.

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If the Contract Owner terminates the Capital Preservation Plus Option as described above, the charges associated with the option will no longer be assessed, all guarantees associated with the option will terminate, the contract's investment allocations will remain the same as when the program was in effect (unless Nationwide is instructed otherwise), and all conditions associated with the Capital Preservation Plus Option are removed.

***Fulfilling the Return of Principal Guarantee*** 

At the end of the program period, if the Contract Value is less than the guaranteed amount, Nationwide will credit an amount to the contract so that the Contract Value equals the guaranteed amount. Amounts credited under this option are considered, for purposes of other benefits under this contract, earnings, not purchase payments. If the Contract Owner does not elect to begin a new Capital Preservation Plus Option program, the amount previously allocated to the Guaranteed Term Option and any amounts credited under the guarantee will be allocated to the money market Sub-Account.

***Election of a New Capital Preservation Plus Option*** 

At the end of any program period or after terminating a Capital Preservation Plus Option, the Contract Owner may elect to participate in a new Capital Preservation Plus Option program at the charges, rates and allocation percentages in effect at that point in time. Nationwide will communicate the ensuing program period end to the Contract Owner approximately 75 days before the end of the period and this notice will include a list of the limited investment options available. If the Contract Owner elects to participate in a new program, such election and complete instructions must be received by Nationwide within 60 days before the end of the preceding program period or within 60 days before the program termination, whichever is applicable.

**Ownership and Interests in the Contract**

**Contract Owner** 

Prior to the Annuitization Date, the Contract Owner has all rights under the contract, unless a joint owner is named. If a joint owner is named, each joint owner has all rights under the contract*.* **Purchasers who name someone other than themselves as the Contract Owner will have no rights under the contract.** 

On the Annuitization Date, the Contract Owner cedes all ownership rights to the Annuitant and the Annuitant becomes the Contract Owner, unless the Contract Owner is a Charitable Remainder Trust. If the Contract Owner is a Charitable Remainder Trust, the Charitable Remainder Trust continues to be the Contract Owner after annuitization.

**Joint Owner** 

Prior to the Annuitization Date, joint owners each own an undivided interest in the contract.

Non-Qualified Contract Owners can name a joint owner at any time before annuitization. However, joint owners must be spouses at the time joint ownership is requested, unless state law requires Nationwide to allow non-spousal joint owners. Joint ownership is not permitted on contracts owned by a non-natural Contract Owner.

Generally, the exercise of any ownership rights under the contract must be in writing and signed by both joint owners. However, if a written election, signed by both Contract Owners, authorizing Nationwide to allow the exercise of ownership rights independently by either joint owner is submitted, Nationwide will permit joint owners to act independently. If such an authorization is submitted, Nationwide will not be liable for any loss, liability, cost, or expense for acting in accordance with the instructions of either joint owner.

If either joint owner dies before the Annuitization Date, the contract continues with the surviving joint owner as the remaining Contract Owner.

On the Annuitization Date, both joint owners cede all ownership rights to the Annuitant and the Annuitant becomes the Contract Owner.

**Contingent Owner** 

Prior to the Annuitization Date, the contingent owner succeeds to the rights of a Contract Owner if a Contract Owner who is not the Annuitant dies before the Annuitization Date and there is no surviving joint owner.

If a Contract Owner who is the Annuitant dies before the Annuitization Date, the contingent owner will not have any rights under the contract, unless such contingent owner is also the beneficiary.

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The Contract Owner may name a contingent owner at any time before the Annuitization Date.

After the Annuitization Date, the contingent owner will not have any interest in the contract.

**Annuitant** 

Prior to the Annuitization Date, the Annuitant has no interest in the contract, but must be named in the application. Only Non-Qualified Contract Owners may name someone other than himself/herself as the Annuitant. This Annuitant must be age 85 or younger at the time of the contract issuance, unless Nationwide approves a request for an Annuitant of greater age.

On the Annuitization Date, the Annuitant becomes the new owner and has all ownership rights in the contract. The Annuitant is the person who receives annuity payments and the person upon whose continuation of life any annuity payment involving life contingencies depends.

**Co-Annuitant** 

Prior to the Annuitization Date, a Co-Annuitant is entitled to receive the benefit of the Spousal Protection Feature, provided all of the requirements set forth in the Spousal Protection Feature section are met. A Co-Annuitant, if named, must be named at the time of application and must be the Annuitant's spouse.

If either Co-Annuitant dies before the Annuitization Date, the surviving Co-Annuitant may continue the contract and will receive the benefit of the Spousal Protection Feature.

After the Annuitization Date, the Co-Annuitant has no interest in the contract.

**Contingent Annuitant** 

Prior to the Annuitization Date, if the Annuitant dies before the Annuitization Date, the Contingent Annuitant becomes the Annuitant and all provisions of the contract that are based on the Annuitants death prior to the Annuitization Date will be based on the death of the Contingent Annuitant. Only Non-Qualified Contract Owners may name a Contingent Annuitant. The Contingent Annuitant need not be named at the time of application. Regardless of when the Contingent Annuitant is added he/she must be (or must have been) age 85 or younger at the time of contract issuance, unless Nationwide approves a request for a Contingent Annuitant of greater age.

**Joint Annuitant** 

Prior to the Annuitization Date, there is no joint annuitant.

On the Annuitization Date, if applicable, a joint annuitant is named. The joint annuitant is designated as a second person (in addition to the Annuitant) upon whose continuation of life any annuity payment involving life contingencies depends.

**Beneficiary and Contingent Beneficiary** 

Prior to the Annuitization Date, the beneficiary is the person who is entitled to the death benefit if the Annuitant (and Contingent Annuitant, if applicable) dies before the Annuitization Date. The Contract Owner can name more than one beneficiary. Multiple beneficiaries will share the death benefit equally, unless otherwise specified.

A contingent beneficiary will succeed to the rights of the beneficiary if no beneficiary is alive when a death benefit is paid. The Contract Owner can name more than one contingent beneficiary. Multiple contingent beneficiaries will share the death benefit equally, unless otherwise specified.

After the Annuitization Date, the beneficiaries and contingent beneficiaries have no interest in the contract.

**Changes to the Parties to the Contract** 

Prior to the Annuitization Date (and subject to any existing assignments), the Contract Owner may request to change the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Owner (Non-Qualified Contracts only);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• joint owner (must be Contract Owner's spouse);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• contingent owner;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annuitant (subject to Nationwide's underwriting and approval);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contingent Annuitant (subject to Nationwide's underwriting and approval);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Co-Annuitant (must be the Annuitant's spouse);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• beneficiary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• contingent beneficiary.

The Contract Owner must submit the request to Nationwide in writing and Nationwide must receive the request at the Service Center before the Annuitization Date. Once Nationwide receives and records the change request, the change will be effective as of the date the written request was signed (unless otherwise specified by the Contract Owner), whether or not the Contract Owner or Annuitant is living at the time it was recorded. The change will not affect any action taken by Nationwide before the change was recorded. Nationwide reserves the right to reject any change request that would alter the nature of the risk that Nationwide assumed when it originally issued the contract.

If the Contract Owner is not a natural person and there is a change of the Annuitant, distributions will be made as if the Contract Owner died at the time of the change, regardless of whether the Contract Owner named a Contingent Annuitant.

Any request to change the Contract Owner must be signed by the existing Contract Owner and the person designated as the new Contract Owner. Nationwide may require a signature guarantee. Changes in contract ownership may result in federal income taxation and may be subject to state and federal gift taxes. Changes in ownership and contract assignments could have a negative impact on certain benefits under the contract, including the death benefit.

Certain options and features under the contract have specific requirements as to who can be named as the Contract Owner, Annuitant, Co-Annuitant, and/or beneficiary in order to receive the benefit of the option or feature. Changes to the parties to the contract may result in the termination or loss of benefit of these options or features. Contract Owners contemplating changes to the parties to the contract should contact their financial professional to determine how the changes impact the options and features under the contract.

**Community Property States** 

In community property states, the Contract Owner's spouse may have a community property interest in the proceeds of an annuity contract even if the spouse is not a named party on the contract. Changes of beneficiary and/or ownership, assignment, and certain financial transactions may impede the spouse's community property interest. The spouse may need to consent to these types of transactions. The Contract Owner should seek legal advice regarding the applicability of community property laws to the contract and whether spousal consent is necessary. Nationwide is not responsible for determining the applicability of community property laws to the contract.

**Assignment** 

Contracts other than Non-Qualified Contracts may not be assigned, pledged or otherwise transferred except where allowed by law.

A Non-Qualified Contract Owner may assign some or all rights under the contract while the Annuitant is alive, subject to Nationwide's consent. Nationwide is not responsible for the validity or tax consequences of any assignment and Nationwide is not liable for any payment or settlement made before the assignment is recorded. Assignments will not be recorded until Nationwide receives sufficient direction from the Contract Owner and the assignee regarding the proper allocation of contract rights.

Amounts pledged or assigned will be treated as distributions and will be included in gross income to the extent that the cash value exceeds the investment in the contract for the taxable year in which it was pledged or assigned. Amounts assigned may be subject to a tax penalty equal to 10% of the amount included in gross income.

Assignment of the entire Contract Value may cause the portion of the Contract Value exceeding the total investment in the contract and previously taxed amounts to be included in gross income for federal income tax purposes each year that the assignment is in effect.

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**Beneficially Owned Contracts** 

A beneficially owned contract is a contract that is inherited by a beneficiary and the beneficiary holds the contract as a beneficiary (as opposed to treating the contract as his/her own) to facilitate the distribution of a death benefit or contract value in accordance with the applicable federal tax laws (see *Appendix B: Contract Types and Tax Information*). An owner of a beneficially owned contract is referred to as a "beneficial owner."

Not all options and features described in this prospectus are available to beneficially owned contracts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No changes to the parties will be permitted on any beneficially owned contract, except that a beneficial owner may request changes to their successor beneficiary(ies).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• There is no death benefit payable on a continued beneficially owned contract. After the death of the beneficial owner, any remaining death benefit or contract value to be distributed will be payable to a successor beneficiary in accordance with applicable federal tax laws.

A beneficiary who is the surviving spouse of a contract owner has the option under the tax laws to continue the contract as the sole contract owner and treat the contract as the spouse's own. If a spouse continues the contract as the sole contract owner, the spouse will not be treated as a beneficial owner and this section will not apply.

**Operation of the Contract**

**Pricing** 

Generally, Nationwide prices Accumulation Units on each day that the New York Stock Exchange is open. (Pricing is the calculation of a new Accumulation Unit value that reflects that day's investment experience.)

Accumulation Units are not priced when the New York Stock Exchange is closed or on the following nationally recognized holidays (or on the dates that such holidays are observed by the New York Stock Exchange):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New Year's Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Martin Luther King, Jr. Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Presidents' Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Good Friday

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Memorial Day

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Juneteenth National Independence Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Independence Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Labor Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Thanksgiving

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Christmas

Nationwide also will not price purchase payments, withdrawals, or transfers if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) trading on the New York Stock Exchange is restricted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) an emergency exists making disposal or valuation of securities held in the Variable Account impracticable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the SEC, by order, permits a suspension or postponement for the protection of security holders.

Rules and regulations of the SEC will govern as to when the conditions described in (1) and (2) exist. If Nationwide is closed on days when the New York Stock Exchange is open, Contract Value may change and Contract Owners will not have access to their accounts.

**Application and Allocation of Purchase Payments** 

***Initial Purchase Payments*** 

Initial purchase payments will be priced at the Accumulation Unit value next determined no later than two business days after receipt of an order to purchase if the application and all necessary information are complete and are received at the Service Center before the close of regular trading on the New York Stock Exchange, which generally occurs at 4:00 p.m. EST. If the order is received after the close of regular trading on the New York Stock Exchange, the initial purchase payment will be priced within two business days after the next Valuation Date.

If an incomplete application is not completed within five business days after receipt at the Service Center, the prospective purchaser will be informed of the reason for the delay. The purchase payment will be returned unless the prospective purchaser specifically consents to allow Nationwide to hold the purchase payment until the application is completed.

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Generally, initial purchase payments are allocated according to Contract Owner instructions on the application. However, in some states, Nationwide will allocate initial purchase payments to the money market Sub-Account during the free look period. After the free look period, Nationwide will reallocate the Contract Value among the investment options based on the instructions contained on the application. In other states, Nationwide will immediately allocate initial purchase payments to the investment options based on the instructions contained on the application. Contact the Service Center or refer to your contract for state specific information on the allocation of initial purchase payments.

***Subsequent Purchase Payments*** 

Any subsequent purchase payment received at the Service Center (along with all necessary information) before the close of regular trading on the New York Stock Exchange on any Valuation Date will be priced at the Accumulation Unit value next determined after receipt of the purchase payment. If a subsequent purchase payment is received at the Service Center (along with all necessary information) after the close of regular trading on the New York Stock Exchange, it will be priced at the Accumulation Unit value determined on the following Valuation Date.

***Allocation of Purchase Payments*** 

Nationwide allocates purchase payments to the Sub-Accounts and/or Fixed Account as instructed by the Contract Owner. Effective May 1, 2025, the GTOs are not available to receive new allocations, transfers, or renewals. Shares of the underlying mutual funds in which the Sub-Accounts invest are purchased at Net Asset Value, then the Contract Owner receives Accumulation Units in the Sub-Account(s) to which the Contract Owner allocated purchase payments.

Contract Owners can change allocations or make exchanges among the Sub-Accounts after the time of application by submitting a written request to the Service Center. However, no change may be made that would result in an amount less than 1% of the purchase payments being allocated to any Sub-Account. In the event that Nationwide receives such a request, Nationwide will inform the Contract Owner that the allocation instructions are invalid and that the contract's allocations among the Sub-Accounts prior to the request will remain in effect. Certain transactions may be subject to conditions imposed by the underlying mutual funds.

**Determining the Contract Value**

The Contract Value is the sum of the value of amounts (including any Extra Value Option credits applied to the contract) allocated to the Sub-Accounts plus any amount held in the Fixed Account, the GTOs, and the collateral fixed account. If charges are assessed against the whole Contract Value, Nationwide will deduct a proportionate amount from each Sub-Account, the Fixed Account, and the GTOs based on current cash values.

***Determining Variable Account Value - Valuing an Accumulation Unit*** 

Sub-Account allocations are accounted for in Accumulation Units. Accumulation Unit values (for each Sub-Account) are determined by calculating the Net Investment Factor for the Sub-Accounts for the current Valuation Period and multiplying that result with the Accumulation Unit values determined on the previous Valuation Period. For each Sub-Account, the Net Investment Factor is the investment performance of the underlying mutual fund in which a particular Sub-Account invests, including the charges assessed against that Sub-Account for a Valuation Period.

Nationwide uses the Net Investment Factor as a way to calculate the investment performance of a Sub-Account from Valuation Period to Valuation Period.

The Net Investment Factor for any particular Sub-Account before the Annuitization Date is determined by dividing (a) by (b), and then subtracting (c) from the result, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Net Asset Value of the underlying mutual fund as of the end of the current Valuation Period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the per share amount of any dividend or income distributions made by the underlying mutual fund (if the date of the dividend or income distribution occurs during the current Valuation Period).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the Net Asset Value of the underlying mutual fund determined as of the end of the preceding Valuation Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) is a factor representing the daily total Variable Account charges, which may include charges for optional benefits elected by the Contract Owner. The factor is equal to an annualized rate ranging from 0.95% to 3.95% of the Daily Net Assets, depending on which optional benefits the Contract Owner elects.

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Based on the change in the Net Investment Factor, the value of an Accumulation Unit may increase or decrease. Changes in the Net Investment Factor may not be directly proportional to changes in the Net Asset Value of the underlying mutual fund shares because of the deduction of Variable Account charges.

Though the number of Accumulation Units will not change as a result of investment experience, the value of an Accumulation Unit may increase or decrease from Valuation Period to Valuation Period.

***Determining Fixed Account Value*** 

Nationwide determines the value of the Fixed Account by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) adding all amounts allocated to the Fixed Account (including any Extra Value Option credits applied to the contract), minus amounts previously transferred or withdrawn from the Fixed Account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) adding any interest earned on the amounts allocated to the Fixed Account; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) subtracting charges deducted in accordance with the contract.

***Determining Guaranteed Term Option Value*** 

Nationwide determines the value of a Guaranteed Term Option by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) adding all amounts allocated to any Guaranteed Term Option (including any Extra Value Option credits applied to the contract), minus amounts previously transferred or withdrawn from a Guaranteed Term Option (which may be subject to a market value adjustment);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) adding any interest earned on the amounts allocated to a Guaranteed Term Option; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) subtracting charges deducted in accordance with the contract.

**Transfer Requests** 

Contract Owners may submit transfer requests in writing, over the telephone, or via the Internet to the Service Center. Some benefits or features under the contract may limit the manner in which transfer requests can be submitted, as indicated in the respective provision. Nationwide may restrict or withdraw the telephone and/or Internet transfer privilege at any time.

Generally, Sub-Account transfers will receive the Accumulation Unit value next computed after the transfer request is received at the Service Center. However, if a contract that is limited to submitting transfer requests via U.S. mail submits a transfer request via the Internet or telephone pursuant to Nationwide's one-day delay policy, the transfer will be executed on the next Valuation Date after the exchange request is received at the Service Center (see *Transfer Restrictions*).

**Transfers Prior to Annuitization**

***Transfers from the Fixed Account*** 

A Contract Owner may request to transfer allocations from the Fixed Account to the Sub-Accounts or a GTO only upon reaching the end of a Fixed Account interest rate guarantee period. Fixed Account transfers must be made within 45 days after the end of the interest rate guarantee period.

Normally, Nationwide will permit 100% of the maturing Fixed Account allocations to be transferred. However, Nationwide may limit the amount that can be transferred from the Fixed Account. Nationwide will determine the amount that may be transferred and will declare this amount at the end of the Fixed Account interest rate guarantee period. The maximum transferable amount will never be less than 10% of the Fixed Account allocation reaching the end of a Fixed Account interest rate guarantee period. Any limit on the amount that can be transferred from the Fixed Account will be communicated to impacted Contract Owners at the end of the Fixed Account interest rate guarantee period. Any such limitations will substantially extend the amount of time it takes to transfer the entire Fixed Account allocation to another investment option.

Contract Owners who use Dollar Cost Averaging may transfer from the Fixed Account under the terms of that program.

Effective May 1, 2025, no transfers from the Fixed Account to the Guaranteed Term Options are permitted.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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***Transfers to the Fixed Account*** 

Normally, Nationwide will not restrict transfers to the Fixed Account; however, Nationwide may establish a maximum transfer limit for transfers to the Fixed Account. Except as noted below, the transfer limit will not be less than 10% of the current value of Sub-Account allocations, less any transfers made in the 12 months preceding the date the transfer is requested, but not including transfers made prior to the imposition of the transfer limit.

Nationwide reserves the right to limit or refuse transfers to the Fixed Account. Generally, Nationwide will invoke this right when interest rates are low by historical standards.

***Transfers from a Guaranteed Term Option*** 

Transfers from a Guaranteed Term Option prior to maturity are subject to a market value adjustment.

***Transfers from the Sub-Accounts*** 

Except as otherwise indicated in *Transfers to the Fixed Account*, a Contract Owner may request to transfer allocations from the Sub-Accounts to the Fixed Account at any time. Effective May 1, 2025, no transfers from the Sub-Accounts to the Guaranteed Term Options are permitted.

***Transfers Among the Sub-Accounts*** 

A Contract Owner may request to transfer allocations among the Sub-Accounts at any time, subject to terms and conditions imposed by this prospectus and the underlying mutual funds.

**Transfers After Annuitization** 

After annuitization, the portion of the Contract Value allocated to fixed annuity payments and the portion of the Contract Value allocated to variable annuity payments may not be changed.

After annuitization, if variable annuity payments are elected, transfers among Sub-Accounts may only be made once per calendar year*.* See *Annuitizing the Contract.*

**Transfer Restrictions**

Neither the contracts described in this prospectus nor the underlying mutual funds are designed to support active trading strategies that require frequent movement between or among Sub-Accounts (sometimes referred to as "market-timing" or "short-term trading"). A Contract Owner who intends to use an active trading strategy should consult his/her financial professional and request information on other Nationwide variable annuity contracts that offer investment in underlying mutual funds that are designed specifically to support active trading strategies.

Nationwide discourages (and will take action to deter) short-term trading in this contract because the frequent movement between or among Sub-Accounts may negatively impact other investors in the contract. Short-term trading can result in:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the dilution of the value of the investors' interests in the underlying mutual fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• underlying mutual fund managers taking actions that negatively impact performance (keeping a larger portion of the underlying mutual fund assets in cash or liquidating investments prematurely in order to support redemption requests); and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• increased administrative costs due to frequent purchases and redemptions.

To protect investors in this contract from the negative impact of these practices, Nationwide has implemented, or reserves the right to implement, several processes and/or restrictions aimed at eliminating the negative impact of active trading strategies. Nationwide makes no assurances that all risks associated with short-term trading will be completely eliminated by these processes and/or restrictions.

Nationwide cannot guarantee that its attempts to deter active trading strategies will be successful. If Nationwide is unable to deter active trading strategies, the performance of the Sub-Accounts that are actively traded may be adversely impacted.

***U.S. Mail Restrictions*** 

Nationwide monitors transfer activity in order to identify those who may be engaged in harmful trading practices. Transaction reports are produced and examined. Generally, a contract may appear on these reports if the Contract Owner (or a third party acting on their behalf) engages in a certain number of "transfer events" in a given period. A "transfer event" is any transfer, or combination of transfers, occurring on a given trading day (Valuation Period). For example, if a

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Contract Owner executes multiple transfers involving 10 investment options in one day, this counts as one transfer event. A single transfer occurring on a given trading day and involving only two investment options will also count as one transfer event.

As a result of this monitoring process, Nationwide may restrict the method of communication by which transfer orders will be accepted. In general, Nationwide will adhere to the following guidelines:

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| | |
|:---|:---|
| **Trading Behavior** | **Nationwide's Response** |
| Six or more transfer events within <br> one calendar quarter<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide will mail a letter to the Contract Owner notifying them that:<br> (1)they have been identified as engaging in harmful trading practices; and<br> (2)if their transfer events total 11 within two consecutive calendar quarters or 20 within one <br> calendar year, the Contract Owner will be limited to submitting transfer requests via U.S. <br> mail on a Nationwide issued form.<br>|
| 11 transfer events within two <br> consecutive calendar quarters<br> OR<br> 20 transfer events within one <br> calendar year<br>| &nbsp;&nbsp; Nationwide will automatically limit the Contract Owner to submitting transfer requests via U.S. <br> mail on a Nationwide issued form.<br>|

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For purposes of Nationwide's transfer policy, U.S. mail includes standard U.S. mail, overnight U.S. mail, and overnight delivery via private carrier.

For calendar year restrictions, each January 1, Nationwide will start the monitoring anew, so that each contract starts with 0 transfer events each January 1. For restrictions on transfer events within two consecutive calendar quarters, Nationwide refreshes the transfer event restriction period at the beginning of each calendar quarter considering only transfers that occur in the current calendar quarter and occurred in the immediately preceding calendar quarter.

Contract Owners that are required to submit transfer requests via U.S. mail will be required to use a Nationwide issued form for their transfer request. Nationwide will refuse transfer requests that either do not use the Nationwide issued form for their transfer request or fail to provide accurate and complete information on their transfer request form. In the event that a Contract Owner's transfer request is refused by Nationwide, they will receive notice in writing by U.S. mail and will be required to resubmit their transfer request on a Nationwide issued form.

*Managers of Multiple Contracts* 

Some investment financial professionals manage the assets of multiple Nationwide contracts pursuant to trading authority granted or conveyed by multiple Contract Owners. These multi-contract financial professionals may be required by Nationwide to submit all transfer requests via U.S. mail.

Nationwide may, as an administrative practice, implement a "one-day delay" program for these multi-contract financial professionals, which they can use in addition to or in lieu of submitting transfer requests via U.S. mail. The one-day delay option permits multi-contract financial professionals to continue to submit transfer requests via the Internet or telephone. However, transfer requests submitted by multi-contract financial professionals via the Internet or telephone will not receive the next available Accumulation Unit value. Rather, they will receive the Accumulation Unit value that is calculated on the following Valuation Date. Transfer requests submitted under the one-day delay program are irrevocable. Multi-contract financial professionals will receive advance notice of being subject to the one-day delay program.

***Other Restrictions*** 

Nationwide reserves the right to refuse or limit transfer requests, or take any other action it deems necessary in order to protect Contract Owners, Annuitants, and beneficiaries from the negative investment results that may result from short-term trading or other harmful investment practices employed by some Contract Owners (or third parties acting on their behalf). In particular, trading strategies designed to avoid or take advantage of Nationwide's monitoring procedures (and other measures aimed at curbing harmful trading practices) that are nevertheless determined by Nationwide to constitute harmful trading practices, may be restricted.

Any restrictions that Nationwide implements will be applied consistently and uniformly.

***Underlying Mutual Fund Restrictions and Prohibitions*** 

Pursuant to regulations adopted by the SEC, Nationwide is required to enter into written agreements with the underlying mutual funds which allow the underlying mutual funds to:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) request the taxpayer identification number, international taxpayer identification number, or other government issued identifier of any Contract Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) request the amounts and dates of any purchase, redemption, transfer, or exchange request ("transaction information"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) instruct Nationwide to restrict or prohibit further purchases or exchanges by Contract Owners that violate policies established by the underlying mutual fund (whose policies may be more restrictive than Nationwide's policies).

Nationwide is required to provide such transaction information to the underlying mutual funds upon their request. In addition, Nationwide is required to restrict or prohibit further purchases or requests to exchange into a specific Sub-Account upon instruction from the underlying mutual fund in which that Sub-Account invests. Nationwide and any affected Contract Owner may not have advance notice of such instructions from an underlying mutual fund to restrict or prohibit further purchases or requests to exchange. If an underlying mutual fund refuses to accept a purchase or request to exchange into the Sub-Account associated with the underlying mutual fund submitted by Nationwide, Nationwide will keep any affected Contract Owner in their current Sub-Account allocation.

**Right to Examine and Cancel**

If the Contract Owner elects to cancel the contract, he/she may return it to the Service Center within a certain period of time known as the "free look" period. Depending on the state in which the contract was purchased (and, in some states, if the contract is purchased as a replacement for another annuity contract), the free look period may be 10 days or longer. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date. The contract issue date is the date the initial purchase payment is applied to the contract.

Where state law requires the return of purchase payments for free look cancellations, Nationwide will return all purchase payments applied to the contract, less any withdrawals from the contract and any applicable federal and state income tax withholding. Nationwide will recapture all of the Extra Value Option credits applied to the contract, but under no circumstances will the amount returned be less than the purchase payments made to the contract.

Where state law requires the return of Contract Value for free look cancellations, Nationwide will return the Contract Value as of the date of the cancellation, less any withdrawals from the contract and any applicable federal and state income tax withholding. Nationwide will recapture all of the Extra Value Option credits applied to the contract. The Contract Owner will retain any earnings attributable to the Extra Value Option credits, but all losses attributable to the Extra Value Option credits will be incurred by Nationwide.

Liability of the Variable Account under this provision is limited to the Contract Value in each Sub-Account on the date of revocation. Any additional amounts refunded to the Contract Owner will be paid by Nationwide.

**Allocation of Purchase Payments during Free Look Period** 

Where state law requires the return of purchase payments for free look cancellations, Nationwide will allocate initial purchase payments allocated to Sub-Accounts to the money market Sub-Account during the free look period.

Where state law requires the return of Contract Value for free look cancellations, Nationwide will immediately allocate initial purchase payments to the investment options based on the instructions contained on the application.

**Surrender/Withdrawal Prior to Annuitization**

Prior to annuitization and before the Annuitant's death, Contract Owners may generally withdraw some or all of their Contract Value. Withdrawals from the contract may be subject to federal income tax and/or a tax penalty (see *Appendix B: Contract Types and Tax Information*). Withdrawal requests may be submitted in writing or by telephone to the Service Center and Nationwide may require additional information. Requests submitted by telephone may be subject to dollar amount limitations and may be subject to payment and other restrictions to prevent fraud. Nationwide reserves the right to require written requests to be submitted on current Nationwide forms for withdrawals. Nationwide reserves the right to remove the ability to submit requests by telephone upon written notice. Contact the Service Center for current limitations and restrictions. When taking a full surrender, Nationwide may require that the contract accompany the request. Nationwide may require a signature guarantee.

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Surrender and withdrawal requests will receive the Accumulation Unit value next determined at the end of the current Valuation Period if the request and all necessary information is received at the Service Center before the close of regular trading on the New York Stock Exchange (generally, 4:00 pm EST). If the request and all necessary information is received after the close of regular trading on the New York Stock Exchange, the request will receive the Accumulation Unit value determined at the end of the next Valuation Day.

Nationwide will pay any amounts withdrawn from the Sub-Accounts within seven days after the request is received in good order at the Service Center (see *Determining the Contract Value*). However, Nationwide may suspend or postpone payment when it is unable to price a purchase payment or transfer, or as permitted or required by federal securities laws and rules and regulations of the SEC.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

A withdrawal from a GTO prior to its maturity date will be assessed a market value adjustment. The application of the market value adjustment could result in a loss.

If the Extra Value Option has been elected, and the amount withdrawn is subject to a CDSC, then for the first seven Contract Years only, a portion of the amount credited under the Extra Value Option may be recaptured. No recapture will take place after the end of the seventh Contract Year.

**Partial Withdrawals** 

If a Contract Owner requests a partial withdrawal, Nationwide will redeem Accumulation Units from the Sub-Accounts and an amount from the Fixed Account and the GTOs. The amount withdrawn from each investment option will be in proportion to the value in each option at the time of the withdrawal request, unless Nationwide is instructed otherwise.

Partial withdrawals are subject to the CDSC provisions of the contract. If a CDSC is assessed, the Contract Owner may elect to have the CDSC deducted from either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the amount requested; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Contract Value remaining after the Contract Owner has received the amount requested.

If the Contract Owner does not make a specific election, any applicable CDSC will be deducted from the amount requested by the Contract Owner.

The CDSC deducted is a percentage of the amount requested by the Contract Owner. Amounts deducted for CDSC are not subject to subsequent CDSC.

***Partial Withdrawals to Pay Investment Advisory Fees*** 

Some Contract Owners utilize an investment advisor(s) to manage their assets, for which the investment advisor assesses a fee. Investment advisors are not endorsed or affiliated with Nationwide and Nationwide makes no representation as to their qualifications. The fees for these investment advisory services are specified in the respective account agreements and are separate from and in addition to the contract fees and expenses described in this prospectus. Some Contract Owners authorize their investment advisor to take a partial withdrawal(s) from the contract in order to collect investment advisory fees. Withdrawals taken from this contract to pay advisory or investment management fees are subject to the CDSC provisions of the contract and may be subject to income tax and/or tax penalties.

**Full Surrenders** 

Upon full surrender, the Contract Value may be more or less than the total of all purchase payments made to the contract. The Contract Value will reflect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• standard contract charges

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• charges for optional benefits elected by the Contract Owner

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• underlying mutual fund charges

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• investment performance of the Sub-Accounts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• interest credited to Fixed Account allocations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amounts credited to GTO allocations, plus or minus any applicable market value adjustment

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• application of any Extra Value Option credits (and any recapture of such credits, if applicable)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any outstanding loan balance plus accrued interest

A CDSC may apply.

**Surrender/Withdrawal After Annuitization**

After the Annuitization Date, withdrawals other than regularly scheduled annuity payments are not permitted.

**Withdrawals Under Certain Plan Types**

**Withdrawals Under a Texas Optional Retirement Program or a Louisiana Optional Retirement Plan** 

Redemption restrictions apply to contracts issued under the Texas Optional Retirement Program or the Louisiana Optional Retirement Plan.

The Texas Attorney General has ruled that participants in contracts issued under the Texas Optional Retirement Program may only take withdrawals if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant retires;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant terminates employment due to total disability; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant that works in a Texas public institution of higher education terminates employment.

A participant under a contract issued under the Louisiana Optional Retirement Plan may only take distributions from the contract upon retirement or termination of employment. All retirement benefits under this type of plan must be paid as lifetime income; lump sum cash payments are not permitted, except for death benefits.

Due to these restrictions, a participant under either of these plans will not be able to withdraw Cash Value from the contract unless one of the applicable conditions is met. However, Contract Value may be transferred to other carriers, subject to any CDSC.

Nationwide issues this contract to participants in the Texas Optional Retirement Program in reliance upon and in compliance with Rule 6c-7 of the Investment Company Act of 1940. Nationwide issues this contract to participants in the Louisiana Optional Retirement Plan in reliance upon and in compliance with an exemptive order that Nationwide received from the SEC on August 22, 1990.

**Withdrawals Under a Tax Sheltered Annuity** 

Contract Owners of a Tax Sheltered Annuity may withdraw part or all of their Contract Value before the earlier of the Annuitization Date or the Annuitant's death, except as provided below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Contract Value attributable to contributions made under a qualified cash or deferred arrangement (within the meaning of Internal Revenue Code Section 402(g)(3)(A)), a salary reduction agreement (within the meaning of Internal Revenue Code Section 402(g)(3)(C)), or transfers from a Custodial Account (described in Section 403(b)(7) of the Internal Revenue Code), may be withdrawn only:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) when the Contract Owner reaches age 59½, separates from service, dies, or becomes disabled (within the meaning of Internal Revenue Code Section 72(m)(7)); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) in the case of hardship (as defined for purposes of Internal Revenue Code Section 401(k)), provided that any such hardship surrender may not include any income earned on salary reduction contributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) The withdrawal limitations described previously also apply to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) salary reduction contributions to Tax Sheltered Annuities made for plan years beginning after December 31, 1988;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) earnings credited to such contracts after the last plan year beginning before January 1, 1989, on amounts attributable to salary reduction contributions; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) all amounts transferred from Internal Revenue Code Section 403(b)(7) Custodial Accounts (except that earnings and employer contributions as of December 31, 1988 in such Custodial Accounts may be withdrawn in the case of hardship).

Any distribution other than the above, including a free look cancellation of the contract (when available) may result in taxes, penalties, and/or retroactive disqualification of a Tax Sheltered Annuity.

In order to prevent disqualification of a Tax Sheltered Annuity after a free look cancellation, Nationwide will transfer the proceeds to another Tax Sheltered Annuity upon proper direction by the Contract Owner.

These provisions explain Nationwide's understanding of current withdrawal restrictions. These restrictions may change.

Distributions pursuant to Qualified Domestic Relations Orders will not violate the restrictions stated previously.

**Loan Privilege** 

The loan privilege is only available to owners of Tax Sheltered Annuities. Loans may be taken from the Contract Value after expiration of the free look period up to the Annuitization Date. Loans are subject to the terms of the contract, the plan, and the Internal Revenue Code. Nationwide may modify the terms of a loan to comply with changes in applicable law. Loans are not available in all states.

**Minimum and Maximum Loan Amounts** 

Contract Owners may borrow a minimum of $1,000, unless Nationwide is required by law to allow a lesser minimum amount. Each loan must individually satisfy the contract minimum amount.

The maximum nontaxable loan amount is based on information provided by the participant or the employer. This amount may be impacted if a participant has additional loans from other plans. The total of all outstanding loans must not exceed the following limits:

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| | | |
|:---|:---|:---|
|  | **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\*) |

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\*

The $50,000 limits will be reduced by the highest outstanding balance owed during the previous 12 months.

For salary reduction Tax Sheltered Annuities, loans may be secured only by the Contract Value.

**Maximum Loan Processing Fee** 

Nationwide charges a Loan Processing Fee at the time each new loan is processed. The Loan Processing Fee will not exceed $25 per loan processed. This fee compensates Nationwide for expenses related to administering and processing loans. Loans are not available in all states. In addition, some states may not allow Nationwide to assess a Loan Processing Fee.

The fee is taken from all of the investment options in proportion to the Contract Value at the time the loan is processed.

**How Loan Requests are Processed** 

All loans are made from assets in Nationwide's General Account. As collateral for the loan, Nationwide holds an amount equal to the loan in a collateral fixed account (which is part of Nationwide's General Account).

When a loan request is processed, Nationwide transfers Accumulation Units from the Sub-Accounts to the collateral fixed account until the requested amount is reached. The amount deducted from the Sub-Accounts will be in the same proportion as the Sub-Account allocations, unless the Contract Owner has instructed otherwise. If there are not enough Accumulation Units available in the contract to reach the requested loan amount, Nationwide would then transfer Contract Value from the Fixed Account. Contract Value transferred from the Fixed Account to meet the requested loan amount is not subject to the Fixed Account transfer limitations otherwise applicable under the contract.

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If the requested loan amount is not reached based on the transfers stated above, any remaining required collateral for the loan will be transferred from the Guaranteed Term Options. Transfers from the Guaranteed Term Options may be subject to a market value adjustment.

No CDSC will be deducted on transfers related to loan processing.

**Interest Charged and Credited** 

Compound interest is charged on the outstanding loan balance consisting of outstanding principal plus accrued interest. The total interest rate is comprised of a collateral interest rate plus a finance interest rate. The total interest rate is disclosed at the time of loan application or loan issuance.

The finance interest rate will be 2.25%. The collateral interest rate will be the total interest rate minus the finance interest rate and will be no less than the guaranteed minimum interest rate stated in the contract.

When a loan is repaid in accordance with the payment schedule provided at the time the loan is issued, collateral interest and finance interest that accrue between scheduled payments are paid off. As payments are made, collateral interest is credited to the collateral fixed account, and finance interest is paid to Nationwide. Finance interest may provide revenue for risk charges and profit.

**Accrual of Principal and Interest After Default** 

Upon default, unpaid principal and collateral interest, and finance interest, will separately accrue and compound at the total interest rate. When the total interest rate is applied to accruing finance interest after default, the entire amount of interest is added to the outstanding finance interest. This will cause the total amount of the outstanding loan balance to grow rapidly over time.

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| | | | | |
|:---|:---|:---|:---|:---|
| ***Example:*** |  |  |  |  |
| Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | 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; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $50,000<br> (outstanding principal)<br>| = | &nbsp;&nbsp; $3,125<br> ($2,000 =collateral interest<br> $1,125 = finance interest)<br>|
| 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; |
| $2,000<br> (collateral interest)<br>| + | &nbsp;&nbsp; $50,000<br> (outstanding principal)<br>| = | &nbsp;&nbsp; $52,000<br> (outstanding principal <br> and collateral interest)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and |
| $1,125<br> (outstanding finance <br> interest)<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. |
| $52,000<br> (outstanding principal <br> and collateral interest)<br>| + | &nbsp;&nbsp; $1,125<br> (outstanding finance <br> interest)<br>| = | &nbsp;&nbsp; $53,125<br> (total outstanding <br> principal and interest)<br>|
| Thereafter, when interest is <br> calculated:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; |

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| | | | | |
|:---|:---|:---|:---|:---|
| ***Example:*** |  |  |  |  |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $52,000<br> (1A outstanding <br> principal and <br> collateral interest)<br>| = | &nbsp;&nbsp; $3,250<br> ($2,080 = collateral interest<br> $1,170 = finance interest)<br>|
| 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; |
| $2,080<br> (collateral interest)<br>| + | &nbsp;&nbsp; $52,000<br> (1A outstanding <br> principal and <br> collateral interest)<br>| = | &nbsp;&nbsp; $54,080<br> (outstanding principal <br> and collateral interest)<br>|
| 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $1,125<br> (outstanding finance <br> interest)<br>| = | &nbsp;&nbsp; $70.31<br> (finance interest)<br>|
| $70.31<br> (finance interest)<br>| + | &nbsp;&nbsp; $1,125<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $1,195.31<br> (outstanding <br> finance interest)<br>|
| 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; |
| $1,170<br> (finance interest)<br>| + | &nbsp;&nbsp; $1,195.31<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $2,365.31<br> (outstanding <br> finance interest)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. |
| $54,080<br> (total outstanding principal <br> and collateral interest)<br>| + | &nbsp;&nbsp; $2,365.31<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $56,445.31<br> (total outstanding <br> principal and interest)<br>|
| This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: |
| Outstanding Principal | Outstanding Principal | Outstanding Principal |  | $50000 |
| Outstanding Collateral Interest | Outstanding Collateral Interest | Outstanding Collateral Interest |  | $40047 |
| Outstanding Finance Interest | Outstanding Finance Interest | Outstanding Finance Interest |  | $34091 |
| Total Outstanding Principal and Interest | Total Outstanding Principal and Interest | Total Outstanding Principal and Interest |  | $124138 |

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**Loan Repayment** 

Loans must be repaid in five years. However, if the loan is used to purchase the Contract Owner's principal residence, the Contract Owner has 15 years to repay the loan.

Contract Owners must identify loan repayments as loan repayments or they will be treated as purchase payments and will not reduce the outstanding loan balance. Payments must be substantially level and made at least quarterly. Over time, unpaid loan interest charges can cause the total amount of the outstanding loan balance to be significant, so it is advantageous to make a loan repayment at least quarterly. The Contract Owner should contact the Service Center to obtain loan pay-off amounts.

When the Contract Owner makes a loan repayment, the amount in the collateral fixed account will be reduced by the amount of the payment that represents loan principal. Additionally, the amount of the payment that represents loan principal and credited interest will be applied to the Sub-Accounts and the Fixed Account in accordance with the allocation instructions in effect at the time the payment is received, unless the Contract Owner directs otherwise.

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Loan repayments to the Guaranteed Term Options must be at least $1,000. If the proportional share of the repayment to the Guaranteed Term Option is less than $1,000, that portion of the repayment will be allocated to the money market Sub-Account unless the Contract Owner directs otherwise.

**Distributions and Annuity Payments** 

Distributions made from the contract while a loan is outstanding will be reduced by the amount of the outstanding loan plus accrued interest if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is surrendered;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Owner/Annuitant dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Owner who is not the Annuitant dies prior to annuitization; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• annuity payments begin.

**Transferring the Contract** 

Nationwide reserves the right to restrict any transfer of the contract while the loan is outstanding.

**Grace Period and Loan Default** 

If a loan payment is not made when due, interest will continue to accrue. A grace period may be available (refer to the terms of the loan agreement). During the grace period, the loan is considered outstanding, but not in default. If a loan payment is not made by the end of the applicable grace period and the Contract Owner is eligible for a distribution, the loan payment amount may be deducted from the Contract Value and applied as a loan payment, which will be treated as an actual distribution.

If the Contract Owner fails to make a full payment by the end of the applicable grace period, and is not eligible to take a distribution, the loan will default. In the year of a default, the entire outstanding loan balance, plus accrued interest, will be treated as a deemed distribution and will be taxable to the Contract Owner. This deemed distribution may also be subject to an early withdrawal tax penalty by the Internal Revenue Service. After default, the loan is still outstanding and interest will continue to accrue until the entire loan balance has been repaid. Additional loans are not available until all defaulted loans have been repaid.

**Contract Owner Services**

**Asset Rebalancing** 

Asset Rebalancing is the automatic reallocation of Contract Values to the Sub-Accounts on a predetermined percentage basis. Asset Rebalancing is not available for assets held in the Fixed Account or the GTOs. Requests for Asset Rebalancing must be on a Nationwide form and submitted to the Service Center. Once Asset Rebalancing is elected, it will only be terminated upon specific instruction from the Contract Owner; manual transfers will not automatically terminate the program. Currently, there is no additional charge for Asset Rebalancing.

Asset Rebalancing occurs every three months or on another frequency if permitted by Nationwide. If the last day of the designated rebalancing period falls on a Saturday, Sunday, recognized holiday, or any other day when the New York Stock Exchange is closed, Asset Rebalancing will occur on the next business day. Each Asset Rebalancing reallocation is considered a transfer event (see *Transfer Restrictions*).

Asset Rebalancing may be subject to employer limitations or restrictions for contracts issued to a Tax Sheltered Annuity plan. Contract Owners should consult a financial professional to discuss the use of Asset Rebalancing.

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Nationwide reserves the right to stop establishing new Asset Rebalancing programs. Existing Asset Rebalancing programs will remain in effect unless otherwise terminated.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. C elects to participate in Asset Rebalancing and has instructed his Contract Value be <br> allocated as follows: 40% to Sub-Account A, 40% to Sub-Account B, and 20% to Sub-<br> Account C. Mr. C elects to rebalance quarterly. Each quarter, Nationwide will automatically <br> rebalance Mr. C's Contract Value by transferring Contract Value among the three elected <br> Sub-Accounts so that his 40%/40%/20% allocation remains intact.<br>|

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**Dollar Cost Averaging**

Dollar Cost Averaging is a long-term transfer program that allows the Contract Owner to make regular, level investments over time. Dollar Cost Averaging involves the automatic transfer of a specific amount from the Fixed Account and/or certain Sub-Accounts into other Sub-Accounts. With this service, the Contract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.

Contract Owners direct Nationwide to automatically transfer specified amounts from the Fixed Account and the following Sub-Account(s) (if available):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Loomis Core Bond Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class

or to any other Sub-Account(s). Dollar Cost Averaging transfers may not be directed to the Fixed Account or the 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. Contract Owners that wish to utilize Dollar Cost Averaging should first inquire whether any Enhanced Fixed Account Dollar Cost Averaging programs are available.

Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until either the value in the originating investment option is exhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwide to stop the transfers, all amounts remaining in the originating Fixed Account or Sub-Account will remain allocated to the Fixed Account or Sub-Account, unless Nationwide is instructed otherwise. Dollar Cost Averaging transfers are not considered transfer events.

Nationwide reserves the right to stop establishing new Dollar Cost Averaging programs.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. T elects to participate in Dollar Cost Averaging and has transferred $25,000 to an <br> eligible Sub-Account (Sub-Account S) that will serve as the source investment option for her <br> Dollar Cost Averaging program. She would like the Dollar Cost Averaging transfers to be <br> allocated as follows: $500 to Sub-Account L and $1,000 to Sub-Account M. Each month, <br> Nationwide will automatically transfer $1,500 from Sub-Account S and allocate $1,000 to <br> Sub-Account M and $500 to Sub-Account L.<br>|

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**Enhanced Fixed Account Dollar Cost Averaging** 

Nationwide may, periodically, offer Dollar Cost Averaging programs with an enhanced interest rate referred to as "Enhanced Fixed Account Dollar Cost Averaging." Enhanced Fixed Account Dollar Cost Averaging involves the automatic transfer of a specific amount from an enhanced rate Fixed Account into any Sub-Account(s). With this service, the Contract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.

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Only new purchase payments to the contract are eligible for Enhanced Fixed Account Dollar Cost Averaging. Enhanced Fixed Account Dollar Cost Averaging transfers may not be directed to the Fixed Account or the GTOs. Amounts allocated to the enhanced rate Fixed Account as part of an Enhanced Fixed Account Dollar Cost Averaging program earn a higher rate of interest than assets allocated to the standard Fixed Account. Each enhanced rate is guaranteed for as long as the corresponding program is in effect.

Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until either amounts allocated to the Fixed Account as part of an Enhanced Fixed Account Dollar Cost Averaging program are exhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwide to stop the transfers, Nationwide will automatically reallocate any amount remaining in the enhanced rate Fixed Account according to future investment allocation instructions, unless directed otherwise. Enhanced Fixed Account Dollar Cost Averaging transfers are not considered transfer events.

Nationwide reserves the right to stop establishing new Enhanced Fixed Account Dollar Cost Averaging programs.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

---

| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. E elects to participate in Enhanced Fixed Account Dollar Cost Averaging and has <br> allocated new purchase payments of $22,000 to the Fixed Account, which will receive an <br> enhanced interest crediting rate. He would like the Enhanced Fixed Account Dollar Cost <br> Averaging transfers to be allocated as follows: $1,000 to Sub-Account L and $1,000 to Sub-<br> Account M. Each month, Nationwide will automatically transfer $2,000 from the Fixed <br> Account and allocate $1,000 to Sub-Account M and $1,000 to Sub-Account L.<br>|

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**Systematic Withdrawals** 

Systematic Withdrawals allow Contract Owners to receive a specified amount (of at least $100) on a monthly, quarterly, semi-annual, or annual basis. Requests for Systematic Withdrawals and requests to discontinue Systematic Withdrawals must be submitted in good order and in writing to the Service Center.

The withdrawals will be taken from the Sub-Accounts and the Fixed Account proportionally unless Nationwide is instructed otherwise. Systematic Withdrawals are not available for assets held in the Guaranteed Term Options.

Nationwide will withhold federal income taxes from Systematic Withdrawals unless otherwise instructed by the Contract Owner. The Internal Revenue Service may impose a 10% penalty tax if the Contract Owner is under age 59½, unless the Contract Owner has made an irrevocable election of distributions of substantially equal payments.

A CDSC may apply to amounts taken through Systematic Withdrawals. If the Contract Owner takes Systematic Withdrawals, the maximum amount that can be withdrawn annually without a CDSC is the greater of the amount available under the CDSC-free withdrawal privilege (see *Contingent Deferred Sales Charge*), and a given percentage of the Contract Value that is based on the Contract Owner's age, as shown in the following table:

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| | |
|:---|:---|
| **Contract Owner's Age** | **Percentage of Contract Value** |
| Under age 59½  | &nbsp;&nbsp; 5<br> %<br>|
| 59½ through age 61 | &nbsp;&nbsp; 7<br> %<br>|
| 62 through age 64 | &nbsp;&nbsp; 8<br> %<br>|
| 65 through age 74 | &nbsp;&nbsp; 10<br> %<br>|
| 75 and over | &nbsp;&nbsp; 13<br> %<br>|

---

The Contract Owner's age is determined as of the date the request for Systematic Withdrawals is recorded by the Service Center. For joint owners, the older joint owner's age will be used.

The CDSC-free withdrawal privilege for Systematic Withdrawals is non-cumulative. Free amounts not taken during any Contract Year cannot be taken as free amounts in a subsequent Contract Year. In any given Contract Year, any amount withdrawn in excess of the amount permitted under this program will be subject to the CDSC provisions (see *Contingent Deferred Sales Charge*).

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Nationwide reserves the right to stop establishing new Systematic Withdrawal programs. Systematic Withdrawals are not available before the end of the free look period.

---

| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elects to take Systematic Withdrawals equal to $5,000 on a quarterly basis. She has <br> not directed that the withdrawals be taken from specific Sub-Accounts, so each quarter, <br> Nationwide will withdraw $5,000 from Ms. H's contract proportionally from each Sub-<br> Account, and will mail her a check or wire the funds to the financial institution of her choice.<br>|

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**Death Benefit**

**Death of Contract Owner** 

If a Contract Owner (including a joint owner) who is not the Annuitant dies before the Annuitization Date, no death benefit is payable and the surviving joint owner becomes the Contract Owner. If there is no surviving joint owner, the contingent owner becomes the Contract Owner. If there is no surviving contingent owner, the last surviving Contract Owner's estate becomes the Contract Owner.

A distribution of the Contract Value will be made in accordance with tax rules and as described in *Appendix B: Contract Types and Tax Information.* A CDSC may apply.

**Death of Annuitant** 

If the Annuitant who is not a Contract Owner dies before the Annuitization Date, the Contingent Annuitant becomes the Annuitant and no death benefit is payable. If no Contingent Annuitant is named, a death benefit is payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries survive the Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries or contingent beneficiaries survive the Annuitant, the Contract Owner or the last surviving Contract Owner's estate will receive the death benefit.

If the Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selected annuity payment option.

If the Contract Owner is a Charitable Remainder Trust and the Annuitant dies before the Annuitization Date, the death benefit will accrue to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust's right to the death benefit will be void.

**Death of Contract Owner/Annuitant** 

If a Contract Owner (including a joint owner) who is also the Annuitant dies before the Annuitization Date, a death benefit is payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries survive the Contract Owner/Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share the death benefit equally unless otherwise specified. If no contingent beneficiaries survive the Contract Owner/Annuitant, the last surviving Contract Owner's estate will receive the death benefit.

If the Contract Owner/Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selected annuity payment option.

**Death Benefit Payment** 

The recipient of the death benefit may elect to receive the death benefit:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) in a lump sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) as an annuity (see *Annuity Payment Options*); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) in any other manner permitted by law and approved by Nationwide.

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Premium taxes may be deducted from death benefit proceeds. Nationwide will pay (or will begin to pay) the death benefit after it receives proof of death and the instructions as to the payment of the death benefit. Death benefit claims must be submitted to the Service Center. If the recipient of the death benefit does not elect the form in which to receive the death benefit payment, Nationwide will pay the death benefit in a lump sum. Contract Value will continue to be allocated according to the most recent allocation instructions until the death benefit is paid.

If the contract has multiple beneficiaries entitled to receive a portion of the death benefit, the Contract Value will continue to be allocated according to the most recent allocation instructions until the first beneficiary provides Nationwide with all the information necessary to pay that beneficiary's portion of the death benefit proceeds. At the time the first beneficiary's proceeds are paid, the remaining portion(s) of the death benefit proceeds that are allocated to Sub-Accounts will be reallocated to the available money market Sub-Account until instructions are received from the remaining beneficiary(ies).

Any Contract Value not allocated to the Sub-Accounts will remain invested and will not be reallocated to the available money market Sub-Account.

**Death Benefit Calculations**

The value of each component of the death benefit calculation will be determined as of the date Nationwide receives:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) proper proof of the Annuitant's death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) an election specifying the distribution method; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) any state required form(s).

An applicant may elect either the standard death benefit (Five-Year Reset Death Benefit) or an available death benefit option that is offered under the contract for an additional charge. If no election is made at the time of application, the death benefit will be the standard death benefit.

**Annuity Commencement Date** 

The Annuity Commencement Date is the date on which annuity payments are scheduled to begin. Generally, the Contract Owner designates the Annuity Commencement Date at the time of application. If no Annuity Commencement Date is designated at the time of application, Nationwide will establish the Annuity Commencement Date as the date the Annuitant reaches age 90. The Contract Owner may initiate a change to the Annuity Commencement Date at any time. Additionally, Nationwide will notify the Contract Owner approximately 90 days before the impending Annuity Commencement Date of the opportunity to change the Annuity Commencement Date or annuitize the contract.

Any request to change the Annuity Commencement Date must meet the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the request is made prior to annuitization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the requested date is at least two years after the date of issue;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the requested date is not later than the Annuitant's 90th birthday (or the 90th birthday of the oldest Annuitant if there are joint Annuitants) unless approved by Nationwide; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the request for change is made in writing, submitted in good order to the Service Center, and approved by Nationwide.

Generally, Nationwide will not initiate annuitization until specifically directed to do so. However, for Non-Qualified Contracts only, Nationwide will automatically initiate annuitization within 45 days after the Annuity Commencement Date (whether default or otherwise), unless (1) Nationwide has had direct contact with the Contract Owner (indicating that the contract is not abandoned); or (2) the Contract Owner has taken some type of action which is inconsistent with the desire to annuitize.

**Annuitizing the Contract**

**Annuitization Date** 

The Annuitization Date is the date that annuity payments begin.

Any optional death benefit that the Contract Owner elects will automatically terminate upon annuitization.

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The Annuitization Date will be the first day of a calendar month unless otherwise agreed. Unless otherwise required by state law, the Annuitization Date must be at least two years after the contract is issued, but may not be later than either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the age (or date) specified in the contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the age (or date) specified by state law, where applicable.

The Internal Revenue Code may require that distributions be made prior to the Annuitization Date (see *Appendix B: Contract Types and Tax Information*).

On the Annuitization Date, the Annuitant becomes the Contract Owner unless the Contract Owner is a Charitable Remainder Trust.

If the contract is issued to fund a Tax Sheltered Annuity, annuitization may occur during the first two Contract Years subject to Nationwide's approval.

**Annuitization** 

Annuitization is the period during which annuity payments are received. It is irrevocable once payments have begun. Upon arrival of the Annuitization Date, the Contract Owner must choose:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) an annuity payment option; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) either a fixed payment annuity, variable payment annuity, or an available combination.

A variable payment annuity may not be elected when exercising a Guaranteed Minimum Income Benefit option.

On the Annuitization Date, the Contract Value, less any premium tax, will be applied under the annuity payment option(s) selected by the Contract Owner. Annuity purchase rates are used to determine the amount of the annuity payments based upon the annuity payment option elected. Actual purchase rates used to determine annuity payments will be those in effect on the Annuitization Date, and will not be less than the guaranteed minimum purchase rates as provided in the contract.

Nationwide guarantees that each payment under a fixed payment annuity will be the same throughout annuitization. Under a variable payment annuity, the amount of each payment will vary with the performance of the Sub-Accounts elected.

Any allocations in the Fixed Account that are to be annuitized as a variable payment annuity must be transferred to one or more Sub-Accounts prior to the Annuitization Date. There are no restrictions on Fixed Account transfers made in anticipation of annuitization.

Any allocations in the Sub-Accounts that are to be annuitized as a fixed payment annuity must be transferred to the Fixed Account prior to the Annuitization Date.

Guaranteed Term Options are not available during annuitization. Any Guaranteed Term Option allocations must be transferred out of the Guaranteed Term Options prior to the Annuitization Date. A market value adjustment may apply.

**Fixed Annuity Payments** 

Fixed annuity payments provide for level annuity payments. The fixed annuity payments will remain level unless the annuity payment option provides otherwise.

**Variable Annuity Payments** 

Variable annuity payments will vary depending on the performance of the Sub-Accounts selected. The Sub-Accounts available during annuitization are those Sub-Accounts corresponding to the underlying mutual funds shown in *Appendix A: Investment Options Available Under the Contract*. Nationwide uses an assumed investment return factor of 3.5%. An assumed investment return is the net investment return required to maintain level variable annuity payments. To the extent that investment performance is not equal to 3.5% for given payment periods, the amount of the payments in those periods will not be the same. Payments will increase from one payment date to the next if the annualized net rate of return is greater than 3.5% during that time. Conversely, payments will decrease from one payment to the next if the annualized net rate of return is less than 3.5% during that time.

**Frequency and Amount of Annuity Payments** 

Annuity payments are based on the annuity payment option elected.

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If the net amount to be annuitized is less than $5,000, Nationwide reserves the right to pay this amount in a lump sum instead of periodic annuity payments.

Annuity payments are made at any frequency approved by Nationwide. Nationwide reserves the right to change the frequency of payments if the amount of any payment becomes less than $100. The payment frequency will be changed to an interval that will result in payments of at least $100. Nationwide will send annuity payments no later than seven days after each annuity payment date.

**Annuity Payment Options** 

The Annuitant must elect an annuity payment option before the Annuitization Date. If the Annuitant does not elect an annuity payment option by that date, a variable payment Single Life with a 20 Year Term Certain annuity payment option will be assumed as the automatic form of payment upon annuitization. Once elected or assumed, the annuity payment option may not be changed.

Not all of the annuity payment options may be available in all states. Additionally, the annuity payment options available may be limited based on the Annuitant's age (and the joint Annuitant's age, if applicable) or requirements under the Internal Revenue Code.

**Annuity Payment Options Available to All Contracts**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Standard Joint and Survivor; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life with a 10 or 20 Year Term Certain.

Each of the annuity payment options is discussed more thoroughly below.

***Single Life*** 

The Single Life annuity payment option provides for annuity payments to be paid during the lifetime of the Annuitant. This option is not available if the Annuitant is 86 or older on the Annuitization Date.

Payments will cease with the last payment before the Annuitant's death. For example, if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one payment. The Annuitant will only receive two annuity payments if he or she dies before the third payment date, and so on. No death benefit will be paid.

No withdrawals other than the scheduled annuity payments are permitted.

***Standard Joint and Survivor*** 

The Standard Joint and Survivor annuity payment option provides for annuity payments to continue during the joint lifetimes of the Annuitant and joint Annuitant. After the death of either the Annuitant or joint Annuitant, payments will continue for the life of the survivor. This option is not available if the Annuitant or joint Annuitant is 86 or older on the Annuitization Date.

Payments will cease with the last payment due prior to the death of the last survivor of the Annuitant and joint Annuitant. As is the case of the Single Life annuity payment option, there is no guaranteed number of payments. Therefore, it is possible that if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one annuity payment. No death benefit will be paid.

No withdrawals other than the scheduled annuity payments are permitted.

***Single Life with a 10 or 20 Year Term Certain*** 

The Single Life with a 10 or 20 Year Term Certain annuity payment option provides that monthly annuity payments will be paid during the Annuitant's lifetime or for the term selected, whichever is longer. The term may be either 10 or 20 years.

If the Annuitant dies before the end of the 10 or 20 year term, payments will be paid to the beneficiary for the remainder of the term.

No withdrawals other than the scheduled annuity payments are permitted.

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***Any Other Option*** 

Annuity payment options not set forth in this provision may be available. Any annuity payment option not set forth in this provision must be approved by Nationwide.

**Statements and Reports** 

Nationwide's default delivery method is U.S. mail and Nationwide will deliver required documents by U.S. mail unless other delivery methods (e.g. electronic delivery) are permitted by law or regulation. Therefore, Contract Owners should promptly notify the Service Center of any address change.

Nationwide will mail to Contract Owners:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• statements showing the contract's quarterly activity; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• confirmation statements showing transactions that affect the contract's value. Confirmation statements will not be sent for recurring transactions (*i.e.*, Dollar Cost Averaging or salary reduction programs). Instead, confirmation of recurring transactions will appear in the contract's quarterly statements.

Contract Owners should review statements and confirmations carefully. All errors or corrections must be reported to Nationwide immediately to assure proper crediting to the contract. Unless Nationwide is notified within 30 days of receipt of the statement, Nationwide will assume statements and confirmation statements are correct.

**IMPORTANT NOTICE REGARDING DELIVERY OF SECURITY OWNER DOCUMENTS** 

When multiple copies of the same disclosure document(s), such as prospectuses, supplements, proxy statements, and semi-annual and annual reports are required to be mailed to multiple Contract Owners in the same household, Nationwide will mail only one copy of each document, unless notified otherwise by the Contract Owner(s). Household delivery will continue for the life of the contracts.

A Contract Owner can revoke their consent to household delivery and reinstitute individual delivery by contacting the Service Center. Nationwide will reinstitute individual delivery within 30 days after receiving such notification.

**Legal Proceedings** 

**Nationwide Life Insurance Company** 

Nationwide Financial Services, Inc. (NFS, or collectively with its subsidiaries, the "Company") was formed in November 1996. NFS is the holding company for Nationwide Life Insurance Company (NLIC), Nationwide Life and Annuity Insurance Company (NLAIC) and other companies that comprise the life insurance and retirement savings operations of the Nationwide group of companies (Nationwide). This group includes Nationwide Financial Network (NFN), an affiliated distribution network that markets directly to its customer base. NFS is incorporated in Delaware and maintains its principal executive offices in Columbus, Ohio.

The Company is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope, and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company's financial condition.

The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency, and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.

**Security Distributors, LLC ("SDL")** 

The general distributor, SDL, is not engaged in any litigation of any material nature.

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**Financial Statements** 

Financial statements for the Variable Account and financial statements and schedules of Nationwide are located in the Statement of Additional Information. A current Statement of Additional Information may be obtained, without charge, by contacting the Service Center, or can be found online at https://vpx.broadridge.com/GetContract1.asp?doctype=sai&cid=sblife&fid=814121554.

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**Appendix A: Investment Options Available Under the Contract** 

**Underlying Mutual Funds** 

The following is a list of underlying mutual funds available under the contract. More information about the underlying mutual funds is available in the prospectuses for the underlying mutual funds, which may be amended from time to time and can be found online at https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=814121554. This information can also be obtained at no cost by calling 1-800-888-2461 or by sending an email request to SBLProspectusRequests@securitybenefit.com. Depending on the optional benefits chosen, access to certain underlying mutual funds may be limited. The availability of investment options may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations*).

The current expenses and performance information below reflects fees and expenses of the underlying mutual funds, but do not reflect the other fees and expenses that the contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each underlying mutual fund's past performance is not necessarily an indication of future performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **BNY Mellon Stock Index Fund, Inc.: Initial Shares**<br> Investment Advisor: BNY Mellon Investment Adviser, Inc.<br> Investment Sub-Advisor: Mellon Investments Corporation<br>| 0.27% | 17.53% | 14.12% | 14.52% |
| Equity | &nbsp;&nbsp; **BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial** <br> **Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2008<br> Investment Advisor: BNY Mellon Investment Adviser, Inc.<br> Sub-Advisor: Newton Investment Management Limited<br>| 0.66% | 15.97% | 11.93% | 13.56% |
| Fixed Income | &nbsp;&nbsp; **Federated Hermes Insurance Series - Federated Hermes** <br> **Quality Bond Fund II: Primary Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2008<br> Investment Advisor: Federated Investment Management Company<br>| 0.74%\* | 7.08% | 1.10% | 2.99% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Contrafund®** <br> **Portfolio: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2008<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity <br> Management & Research (Hong Kong) Limited, Fidelity <br> Management & Research (Japan) Limited<br>| 0.64% | 21.38% | 15.25% | 15.66% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Equity-Income** <br> **Portfolio: Service Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.56% | 18.92% | 12.41% | 11.49% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Growth** <br> **Opportunities Portfolio: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2002<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity <br> Management & Research (Hong Kong) Limited, Fidelity <br> Management & Research (Japan) Limited<br>| 0.66% | 21.82% | 11.19% | 19.82% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Growth** <br> **Portfolio: Service Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.65% | 14.78% | 13.58% | 17.33% |
| Fixed Income | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP High Income** <br> **Portfolio: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2016<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity <br> Management & Research (Hong Kong) Limited, Fidelity <br> Management & Research (Japan) Limited<br>| 0.91%\* | 10.32% | 4.14% | 5.49% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Overseas** <br> **Portfolio: Service Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FIL Investment Advisors, FIL Investment <br> Advisors (UK) Limited, FMR Investment Management (UK) Limited, <br> Fidelity Management & Research (Hong Kong) Limited, Fidelity <br> Management & Research (Japan) Limited<br>| 0.82% | 20.28% | 6.51% | 7.82% |
| Equity | &nbsp;&nbsp; **Franklin Templeton Variable Insurance Products Trust -** <br> **Templeton Foreign VIP Fund: Class 1**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2009<br> Investment Advisor: Templeton Investment Counsel, LLC<br>| 0.83%\* | 29.51% | 8.52% | 6.01% |
| Fixed Income | &nbsp;&nbsp; **Guggenheim Variable Funds Trust - Series P (High Yield** <br> **Series)**<br> Investment Advisor: Guggenheim Investments<br>| 1.03%\* | 6.84% | 4.16% | 5.55% |
| Equity | &nbsp;&nbsp; **Invesco - Invesco V.I. Discovery Large Cap Fund: Series I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2009<br> Investment Advisor: Invesco Advisers, Inc.<br>| 0.80%\* | 12.79% | 11.70% | 14.23% |
| Equity | &nbsp;&nbsp; **Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series** <br> **I**<br> Investment Advisor: Invesco Advisers, Inc.<br>| 0.86% | 4.79% | 3.90% | 11.38% |
| Equity | &nbsp;&nbsp; **Invesco - Invesco V.I. EQV International Equity Fund: Series I** <br> **Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2008<br> Investment Advisor: Invesco Advisers, Inc.<br>| 0.90% | 16.50% | 3.68% | 6.22% |
| Equity | &nbsp;&nbsp; **Invesco - Invesco V.I. Global Fund: Series I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2023<br> Investment Advisor: Invesco Advisers, Inc.<br>| 0.81% | 15.32% | 7.28% | 11.00% |
| Equity | &nbsp;&nbsp; **Invesco - Invesco V.I. Global Real Estate Fund: Series I Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: Invesco Advisers, Inc.<br> Sub-Advisor: Invesco Asset Management Limited<br>| 1.02% | 7.85% | 1.73% | 2.44% |
| Equity | &nbsp;&nbsp; **Invesco - Invesco V.I. Health Care Fund: Series I Shares**<br> Investment Advisor: Invesco Advisers, Inc.<br>| 0.99% | 15.33% | 3.80% | 6.58% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Fixed Income | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP High Income** <br> **Series: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2017<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 0.97% | 7.17% | 3.73% | 5.56% |
| Equity | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Forty Portfolio:** <br> **Service Shares**<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 0.87% | 17.86% | 11.37% | 15.96% |
| Equity | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Global Technology** <br> **and Innovation Portfolio: Service Shares**<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 0.97% | 24.84% | 13.44% | 21.18% |
| Equity | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Overseas Portfolio:** <br> **Service Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2016<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 0.96% | 28.58% | 9.17% | 8.97% |
| Equity | &nbsp;&nbsp; **Lincoln Variable Insurance Products Trust - LVIP American** <br> **Century International Fund: Standard Class II**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before April 26, 2024<br> Investment Advisor: Lincoln Financial Investments Corporation<br> Sub-Advisor: American Century Investment Management, Inc.<br>| 0.95%\* | 15.98% | 1.85% | 6.42% |
| Equity | &nbsp;&nbsp; **Lincoln Variable Insurance Products Trust - LVIP American** <br> **Century Value Fund: Standard Class II**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before April 26, 2024<br> Investment Advisor: Lincoln Financial Investments Corporation<br> Sub-Advisor: American Century Investment Management, Inc.<br>| 0.71%\* | 16.02% | 11.65% | 10.23% |
| Equity | &nbsp;&nbsp; **Lincoln Variable Insurance Products Trust - LVIP Avantis** <br> **Large Cap Value Fund: Standard Class II (formerly, Lincoln** <br> **Variable Insurance Products Trust - LVIP American Century** <br> **Disciplined Core Value Fund: Standard Class II)**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before April 26, 2024<br> Investment Advisor: Lincoln Financial Investments Corporation<br> Sub-Advisor: American Century Investment Management, Inc.<br>| 0.71%\* | 14.86% | 8.78% | 10.39% |
| Fixed Income | &nbsp;&nbsp; **Morgan Stanley Variable Insurance Fund, Inc. - Emerging** <br> **Markets Debt Portfolio: Class I**<br> Investment Advisor: Morgan Stanley Investment Management Inc.<br> Investment Sub-Advisor: Morgan Stanley Investment Management <br> Limited<br>| 1.10%\* | 15.33% | 2.70% | 4.51% |
| Allocation | &nbsp;&nbsp; **Morgan Stanley Variable Insurance Fund, Inc. - Global** <br> **Strategist Portfolio: Class I**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective June 12, 2015<br> Investment Advisor: Morgan Stanley Investment Management Inc.<br> Sub-Advisor: Morgan Stanley Investment Management Limited<br>| 0.90%\* | 17.40% | 5.31% | 6.85% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Allspring** <br> **Discovery Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2023<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Allspring Global Investments, LLC<br>| 0.83%\* | 5.91% | -2.09% | 9.67% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BlackRock Equity** <br> **Dividend Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.80%\* | 21.44% | 11.53% | 11.37% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BNY Mellon** <br> **Dynamic U.S. Core Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Newton Investment Management Limited<br>| 0.62%\* | 17.18% | 12.58% | 14.44% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BNY Mellon** <br> **Dynamic U.S. Equity Income: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Newton Investment Management Limited<br>| 0.76%\* | 18.63% | 14.64% | 11.72% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Fidelity** <br> **Institutional AM® Emerging Markets Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: FIAM LLC<br>| 1.12%\* | 36.15% | 1.01% | 6.31% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Fidelity** <br> **Institutional AM® Worldwide Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: FIAM LLC<br>| 0.80%\* |  |  |  |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Government Bond** <br> **Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2022<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Nationwide Asset Management, LLC<br>| 0.69%\* | 7.00% | -0.62% | 1.17% |
| Capital Preservation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Government** <br> **Money Market Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Federated Investment Management <br> Company<br>| 0.47% | 3.91% | 2.95% | 1.85% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT GQG US Quality** <br> **Equity Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: GQG Partners LLC<br>| 0.78%\* | 2.14% | 5.52% | 8.68% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT International** <br> **Equity Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Lazard Asset Management LLC<br>| 0.88%\* | 39.29% | 12.79% | 9.94% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Invesco Small Cap** <br> **Growth Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Invesco Advisers, Inc.<br>| 1.07% | 16.36% | 4.94% | 11.73% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Investor** <br> **Destinations Moderate Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 0.97% | 14.42% | 5.67% | 6.92% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT J.P. Morgan Digital** <br> **Evolution Strategy Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.96%\* | 32.66% |  |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT J.P. Morgan Equity** <br> **and Options Total Return Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.79% | 16.49% | 9.85% | 11.85% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT J.P. Morgan** <br> **Inflation Managed Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.75%\* |  |  |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT J.P. Morgan Large** <br> **Cap Growth Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.79%\* | 14.12% |  |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large** <br> **Cap Core Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2023<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Jacobs Levy Equity Management, Inc.<br>| 0.77%\* | 11.88% | 11.98% | 13.21% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large** <br> **Cap Growth Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Jacobs Levy Equity Management, Inc.<br>| 0.70%\* | 14.20% | 19.09% | 18.02% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Loomis Core Bond** <br> **Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Loomis, Sayles & Company, L.P.<br>| 0.58% | 6.88% | -0.77% | 2.08% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Loomis Short** <br> **Term High Yield Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Loomis, Sayles & Company, L.P.<br>| 0.87%\* | 5.66% | 3.26% | 5.38% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Mid Cap Index** <br> **Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.41% | 7.05% | 8.70% | 10.28% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Multi-Manager** <br> **Small Company Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. <br> and Invesco Advisers, Inc.<br>| 1.05%\* | 10.35% | 8.62% | 11.00% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT NASDAQ-100** <br> **Index Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.72%\* |  |  |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Real Estate Fund:** <br> **Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Wellington Management Company LLP<br>| 0.92%\* | 0.58% | 5.69% | 6.00% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT S&P 500 Index** <br> **Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.24%\* | 17.60% | 14.15% | 14.55% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Small Cap Value** <br> **Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Jacobs Levy Equity Management, Inc.<br>| 1.06%\* | 2.17% | 8.01% | 7.69% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Strategic Income** <br> **Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2021<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Amundi Asset Management, US<br>| 0.80% | 7.56% | 5.81% | 5.45% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Victory Mid Cap** <br> **Value Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Victory Capital Management Inc.<br>| 0.96%\* | 2.30% | 7.79% | 7.55% |
| Equity | &nbsp;&nbsp; **New Age Alpha Variable Funds Trust - NAA All Cap Value** <br> **Series**<br> Investment Advisor: New Age Alpha Advisors, LLC<br>| 1.04%\* | 12.87% | 11.12% | 10.40% |
| Equity | &nbsp;&nbsp; **New Age Alpha Variable Funds Trust - NAA Large Growth** <br> **Series**<br> Investment Advisor: New Age Alpha Advisors, LLC<br>| 1.01%\* | 17.02% | 13.89% | 17.04% |
| Equity | &nbsp;&nbsp; **New Age Alpha Variable Funds Trust - NAA Mid Growth Series**<br> Investment Advisor: New Age Alpha Advisors, LLC<br>| 1.07%\* | 2.17% | 4.48% | 10.63% |
| Equity | &nbsp;&nbsp; **New Age Alpha Variable Funds Trust - NAA Small Cap Value** <br> **Series**<br> Investment Advisor: New Age Alpha Advisors, LLC<br>| 1.17%\* | 3.30% | 8.47% | 7.65% |
| Equity | &nbsp;&nbsp; **New Age Alpha Variable Funds Trust - NAA Small Growth** <br> **Series**<br> Investment Advisor: New Age Alpha Advisors, LLC<br>| 1.14%\* | 6.51% | 2.59% | 8.89% |
| Equity | &nbsp;&nbsp; **New Age Alpha Variable Funds Trust - NAA Smid-Cap Value** <br> **Series**<br> Investment Advisor: New Age Alpha Advisors, LLC<br>| 1.07%\* | 7.35% | 9.30% | 9.97% |
| Equity | &nbsp;&nbsp; **New Age Alpha Variable Funds Trust - NAA World Equity** <br> **Income Series**<br> Investment Advisor: New Age Alpha Advisors, LLC<br>| 1.06%\* | 22.75% | 11.42% | 9.99% |
| Fixed Income | &nbsp;&nbsp; **PIMCO Variable Insurance Trust - Real Return Portfolio:** <br> **Administrative Class**<br> Investment Advisor: PIMCO<br>| 1.39% | 7.85% | 1.21% | 3.21% |
| Equity | &nbsp;&nbsp; **Royce Capital Fund - Royce Micro-Cap Portfolio: Investment** <br> **Class**<br> Investment Advisor: Royce & Associates, LP<br>| 1.22% | 13.89% | 9.17% | 10.14% |
| Equity | &nbsp;&nbsp; **VanEck VIP Trust - VanEck VIP Emerging Markets Fund: Initial** <br> **Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2002<br> Investment Advisor: Van Eck Associates Corporation<br>| 1.30%\* | 29.92% | -0.77% | 5.47% |
| Equity | &nbsp;&nbsp; **VanEck VIP Trust - VanEck VIP Global Resources Fund: Initial** <br> **Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2002<br> Investment Advisor: Van Eck Associates Corporation<br>| 1.08% | 36.48% | 10.51% | 8.33% |

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\*

This underlying mutual fund's current expenses reflect a temporary fee reduction.

**Fixed Options** 

The following is a list of fixed options currently available under the contract. To the extent permitted under the contract, Nationwide may change the features of a fixed option, offer new fixed options, and terminate existing fixed options. Nationwide will provide you with written notice before doing so. Depending on the optional benefits chosen, access to a fixed option may not be permitted. See*The Fixed Account* and *Guaranteed Term Options* for additional information.

**Note: If amounts are withdrawn from a Guaranteed Term Option prior to its maturity date, Nationwide will apply a market value adjustment. This may result in a significant reduction in your Contract Value. See *Guaranteed Term Options* and *Market Value Adjustment*.** 

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| |
|:---|
| **Name** |
| Fixed Account<br> 1 Year<sup>1</sup><br>1.50%<sup>2</sup> |

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| | | |
|:---|:---|:---|
| **Name** | **Interest Rate Guarantee Period** | **Minimum Guaranteed Interest Rate** |
| 3-year Guaranteed Term Option<sup>3</sup> | 3 Years | 0.00% |
| 5-year Guaranteed Term Option<sup>3</sup> | 5 Years | 0.00% |
| 7-year Guaranteed Term Option<sup>3</sup> | 7 Years | 0.00% |
| 10-year Guaranteed Term Option<sup>3</sup> | 10 Years | 0.00% |

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<sup>1</sup>

The Fixed Account interest rate guarantee period begins on the date of deposit or transfer and ends on the one-year anniversary of the deposit or transfer. The interest rate guarantee period may last for up to three months beyond the one-year anniversary because guaranteed terms end on the last day of a calendar quarter. As a result, an interest rate guarantee period may last up to 15 months.

<sup>2</sup>

Contracts may be subject to a higher minimum guaranteed interest rate based on the date the contract was issued and/or state of issue.

<sup>3</sup>

Effective May 1, 2025, Guaranteed Term Options are not available to receive new allocations, transfers, or renewals.

Nationwide reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guarantee period. Nationwide will provide you with written notice before doing so.

**Income Benefit Investment Options** 

Certain optional benefits restrict how the Contract Owner can invest their Contract Value by limiting the investment options in which the Contract Owner can invest and/or requiring use of a specified asset allocation service. The investment options available under each optional living benefit are chosen by Nationwide based on each investment option's risk characteristics. The permitted investment options are more conservative than those that are not permitted. This helps Nationwide manage its obligation to provide Contract Owners with Lifetime Withdrawals by reducing the likelihood that it will have to make unanticipated payments. By electing an optional living benefit and accepting the limited menu of investment options, Contract Owners may be foregoing investment gains that could otherwise be realized by investing in riskier investment options that are not available under the optional living benefit. Only the investment options shown below are available in connection with the respective optional benefit.

**Capital Preservation Plus Option** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Allspring Discovery Fund: Class I <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2023

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Calvert Equity Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2022

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Loomis Core Bond Fund: Class I <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2023

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Victory Mid Cap Value Fund: Class II

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**Appendix B: Contract Types and Tax Information**

**Types of Contracts** 

The contracts described in this prospectus are classified according to the tax treatment to which they are subject under the Internal Revenue Code (the "Code"). Following is a general description of the various contract types. Eligibility requirements, tax benefits (if any), limitations, and other features of the contracts will differ depending on contract type.

***Non-Qualified Contracts*** 

A non-qualified contract is a contract that does not qualify for certain tax benefits under the Code, such as deductibility of purchase payments, and which is not an IRA, Roth IRA, SEP IRA, Simple IRA, tax sheltered annuity, or part of a pension plan or employer-sponsored retirement program.

Upon the death of the owner of a non-qualified contract, mandatory distribution requirements are imposed to ensure distribution of the entire balance in the contract within a required period.

Non-qualified contracts that are owned by natural persons allow the deferral of taxation on the income earned in the contract until it is distributed or deemed to be distributed. Non-qualified contracts that are owned by non-natural persons, such as trusts, corporations, and partnerships are generally subject to current income tax on the income earned inside the contract, unless the non-natural person owns the contract as an agent of a natural person.

***Charitable Remainder Trusts*** 

Charitable Remainder Trusts are trusts that meet the requirements of Section 664 of the Code. An annuity that has a Charitable Remainder Trust endorsement is not a Charitable Remainder Trust; the endorsement is merely to facilitate ownership of the contract by a Charitable Remainder Trust. Non-Qualified Contracts that are issued to Charitable Remainder Trusts will differ from other Non-Qualified Contracts in three respects:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Waiver of sales charges. In addition to any sales load waivers included in the contract, Charitable Remainder Trusts may also withdraw the difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the contract value on the day before the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the total amount of purchase payments made to the contract (less an adjustment for amounts surrendered).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Contract ownership at annuitization. On the annuitization date, if the contract owner is a Charitable Remainder Trust, the Charitable Remainder Trust will continue to be the contract owner and the annuitant will NOT become the contract owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Recipient of death benefit proceeds. With respect to the death benefit proceeds, if the contract owner is a Charitable Remainder Trust, the death benefit is payable to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust's right to the death benefit will be void.

While these provisions are intended to facilitate a Charitable Remainder Trust's ownership of this contract, the rules governing Charitable Remainder Trusts are numerous and complex. A Charitable Remainder Trust that is considering purchasing this contract should seek the advice of a qualified tax and/or financial professional prior to purchasing the contract.

***Individual Retirement Annuities (IRAs)*** 

IRAs are contracts that satisfy the provisions of Section 408(b) of the Code, including the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is not transferable by the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the premiums are not fixed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the contract owner is younger than age 50, the annual premium cannot exceed $7,500; if the contract owner is age 50 or older, the annual premium cannot exceed $8,600 (although rollovers of greater amounts from Qualified Plans, Tax Sheltered Annuities, certain 457 governmental plans, and other IRAs can be received);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• certain minimum distribution requirements must be satisfied after the owner attains their "applicable age" as defined in the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the entire interest of the owner in the contract is nonforfeitable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• after the death of the owner, additional distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.

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As used herein, the term "individual retirement plans" shall refer to both individual retirement annuities and individual retirement accounts that are described in Section 408 of the Code.

For further details regarding IRAs, refer to the disclosure statement provided when the IRA was established and the annuity contract's IRA endorsement.

***Roth IRAs*** 

Roth IRA contracts are contracts that satisfy the provisions of Section 408A of the Code, including the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is not transferable by the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the premiums are not fixed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the contract owner is younger than age 50, the annual premium cannot exceed $7,500; if the contract owner is age 50 or older, the annual premium cannot exceed $8,600 (although rollovers of greater amounts from other Roth IRAs and other individual retirement plans can be received);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the entire interest of the owner in the contract is nonforfeitable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• after the death of the owner, certain distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.

For further details regarding Roth IRAs, please refer to the disclosure statement provided when the Roth IRA was established and the annuity contract's IRA endorsement.

***Simplified Employee Pension IRAs (SEP IRA)*** 

A SEP IRA is a written plan established by an employer for the benefit of employees which permits the employer to make contributions to an IRA established for the benefit of each employee.

An employee may make deductible contributions to a SEP IRA subject to the same restrictions and limitations as an IRA. In addition, the employer may make contributions to the SEP IRA, subject to dollar and percentage limitations imposed by both the Code and the written plan.

A SEP IRA plan must satisfy:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• minimum participation rules;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• top-heavy contribution rules;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• nondiscriminatory allocation rules; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• requirements regarding a written allocation formula.

In addition, the plan cannot restrict withdrawals of non-elective contributions, and must restrict withdrawals of elective contributions before March 15th of the following year.

***Simple IRAs*** 

A Simple IRA is an Individual Retirement Annuity that is funded exclusively by a qualified salary reduction arrangement and satisfies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• vesting requirements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• participation requirements; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• administrative requirements.

The funds contributed to a Simple IRA cannot be commingled with funds in other individual retirement plans or SEP IRAs.

A Simple IRA cannot receive rollover distributions except from another Simple IRA.

***Tax Sheltered Annuities*** 

Certain tax-exempt organizations (described in Section 501(c)(3) of the Code) and public school systems may establish a plan under which annuity contracts can be purchased for their employees. These annuity contracts are often referred to as Tax Sheltered Annuities.

Purchase payments made to Tax Sheltered Annuities are excludable from the income of the employee, up to statutory maximum amounts. These amounts should be set forth in the plan adopted by the employer.

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The owner's interest in the contract is nonforfeitable (except for failure to pay premiums) and cannot be transferred.

Final 403(b) Regulations issued by the Internal Revenue Service impose certain restrictions on non-taxable transfers or exchanges of one 403(b) Tax Sheltered Annuity contract for another. Nationwide will no longer issue or accept applications for new and/or in-service transfers to new or existing Nationwide individual 403(b) Tax Sheltered Annuity contracts used for salary reduction plans not subject to ERISA. Nationwide will continue to accept applications and in-service transfers for individual 403(b) Tax Sheltered Annuity contracts used for 403(b) plans that are subject to ERISA and certain state Optional Retirement Plans and/or Programs that have purchased at least one individual annuity contract issued by Nationwide prior to September 25, 2007.

Commencing in 2009, Tax Sheltered Annuities must be issued pursuant to a written plan, and the plan must satisfy various administrative requirements. Check with your employer to ensure that these requirements will be satisfied in a timely manner.

***Investment Only (Qualified Plans)*** 

Contracts that are owned by Qualified Plans are not intended to confer tax benefits on the beneficiaries of the plan; they are used as investment vehicles for the plan. The income tax consequences to the beneficiary of a Qualified Plan are controlled by the operation of the plan, not by operation of the assets in which the plan invests.

Beneficiaries of Qualified Plans should contact their employer and/or trustee of the plan to obtain and review the plan, trust, summary plan description and other documents for the tax and other consequences of being a participant in a Qualified Plan.

**Federal Tax Considerations**

***Federal Income Taxes*** 

The tax consequences of purchasing a contract described in this prospectus will depend on:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the type of contract purchased;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the purposes for which the contract is purchased; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the personal circumstances of individual investors having interests in the contracts.

Existing tax rules are subject to change and may affect individuals differently depending on their situation. Nationwide does not guarantee the tax status of any contracts or any transactions involving the contracts.

The following is a brief summary of some of the federal income tax considerations related to the types of contracts sold in connection with this prospectus. In addition to the federal income tax, distributions from annuity contracts may be subject to state and local income taxes. Nothing in this prospectus should be considered to be tax advice. Purchasers and prospective purchasers of the contract should consult a financial professional, tax advisor, or legal counsel to discuss the taxation and use of the contracts.

***IRAs, SEP IRAs, and Simple IRAs*** 

Distributions from IRAs, SEP IRAs, and Simple IRAs are generally taxed as ordinary income when received. If any of the amounts contributed to the Individual Retirement Annuity was non-deductible for federal income tax purposes, then a portion of each distribution is excludable from income.

The portion of a distribution that is excludable from income is based on the ratio of the amount by which non-deductible purchase payments exceed prior non-taxable distributions to total account balances at the time of the distribution. The owner of an IRA, SEP IRA, or Simple IRA must annually report the amount of non-deductible purchase payments, the amount of any distribution, the amount by which non-deductible purchase payments for all years exceed nontaxable distributions for all years, and the total balance of all IRAs, SEP IRAs, or Simple IRAs. Depending on the circumstance of the owner, all or a portion of the contributions (purchase payments) made to the account may be deducted for federal income tax purposes.

IRAs may receive rollover contributions from other individual retirement accounts, other individual retirement annuities, tax sheltered annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).

When the owner of an IRA attains their applicable age, the IRA owner is required to begin taking certain minimum distributions. In addition, upon the death of the owner of an IRA, the Code imposes mandatory distribution requirements to ensure distribution of the entire contract value within the required statutory period. Due to the Treasury Regulation's valuation rules, the amount used to compute the mandatory distributions may exceed the contract value.

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If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

*One-Rollover-Per-Year Limitation* 

A contract owner can receive a distribution from an IRA and roll it into another IRA within 60 days from the date of the distribution and not have the amount of the distribution included in taxable income. Only one rollover per year from a contract owner's IRA is allowed. The one-year period begins on the date the contract owner receives the IRA distribution, and not on the date the IRA was rolled over.

The one-rollover-per-year limitation applies in the aggregate to all the IRAs that a taxpayer owns. This means that a contract owner cannot make an IRA rollover distribution if, within the previous one-year period, an IRA rollover distribution was taken from any other IRAs owned by the taxpayer. Also, rollovers between an individual's Roth IRAs would prevent a separate rollover between the individual's traditional IRAs within the one-year period, and vice versa.

Direct transfers of IRA funds between IRA trustees are not subject to the one rollover per year limitation because such transfers are not considered rollover distributions. Also, a rollover from a traditional IRA to a Roth IRA (a conversion) is not subject to the one rollover per year limitation, and such a rollover is disregarded in applying the one rollover per year limitation to other rollovers.

***Roth IRAs*** 

Distributions of earnings from Roth IRAs are taxable or nontaxable depending upon whether they are "qualified distributions" or "non-qualified distributions." A "qualified distribution" is nontaxable if it is made after the Roth IRA has satisfied the five-year rule and meets one of the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is made on or after the date on which the contract owner attains age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is made to a beneficiary (or the contract owner's estate) on or after the death of the contract owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is attributable to the contract owner's disability; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is used for expenses attributable to the purchase of a home for a qualified first-time buyer.

The five-year rule is satisfied if a five taxable-year period has passed beginning with the first tax year in which a contribution is made to any Roth IRA established by the owner.

A non-qualified distribution is not includable in gross income to the extent that the distribution, when added to all previous distributions, does not exceed the total amount of contributions made to the Roth IRA. Any non-qualified distribution in excess of total contributions is includable in the contract owner's gross income as ordinary income in the year that it is distributed to the contract owner.

A Roth IRA can receive a rollover from an individual retirement plan or another eligible retirement plan; however, the amount rolled over from the individual retirement plan or other eligible retirement plan to the Roth IRA is required to be included in the owner's federal gross income at the time of the rollover and will be subject to federal income tax. However, a rollover or conversion of an amount from an IRA or eligible retirement plan cannot be recharacterized back to an IRA.

Special rules apply for Roth IRAs that have proceeds received from an individual retirement plan prior to January 1, 1999 if the owner elected the special four-year income averaging provisions that were in effect for 1998.

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

***Tax Sheltered Annuities*** 

Distributions in the form of annuity payments from Tax Sheltered Annuities are generally taxed when received. If nondeductible contributions, otherwise known as the investment in the contract, are made, then a portion of each distribution is excludable from income based on a formula established pursuant to the Code. The formula excludes from income the investment in the contract divided by the number of anticipated payments until the full investment in the contract is recovered. Thereafter all distributions are fully taxable.

A loan from a Tax Sheltered Annuity generally is not considered to be a distribution, and is therefore generally not taxable. However, if the loan is not repaid in accordance with the repayment schedule, the entire balance of the loan would be treated as being in default, and the defaulted amount would be treated as being distributed to the participant as a taxable distribution.

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Tax Sheltered Annuities may receive rollover contributions from Individual Retirement Accounts, Individual Retirement Annuities, other Tax Sheltered Annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

***10% Additional Tax for Early Withdrawal*** 

If distributions of income from an IRA, SEP IRA, Simple IRA, Roth IRA, or Tax Sheltered Annuity are made prior to the date that the owner attains the age of 59½ years, the income is subject to an additional penalty tax of 10% unless an exception applies. (For Simple IRAs, the 10% penalty is increased to 25% if the distribution is made during the 2-year period beginning on the date that the individual first participated in the Simple IRA.) The 10% penalty tax can be avoided if the distribution is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made to a beneficiary on or after the death of the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• attributable to the owner becoming disabled (as defined in the Code);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• part of a series of substantially equal periodic payments made not less frequently than annually for the life (or life expectancy) of the owner, or the joint lives (or joint life expectancies) of the owner and his or her designated beneficiary. Substantially equal periodic payments must continue until the later of reaching age 59½ or five years from the date of the first periodic payment. Modification of payments during that time period will result in retroactive application of the 10% additional penalty tax;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made to the owner after separation from service with his or her employer after age 55 (in the case of a Tax Sheltered Annuity);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• used for qualified higher education expenses; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• used for expenses attributable to the purchase of a home for a qualified first-time buyer.

***Non-Qualified Contracts*** 

*Non-Qualified Contracts - Natural Persons as Contract Owners* 

Generally, the income earned inside a non-qualified annuity contract that is owned by a natural person is not taxable until it is distributed from the contract.

Distributions before the annuitization date are taxable to the contract owner to the extent that the cash value of the contract exceeds the investment in the contract at the time of the distribution. In general, the investment in the contract is equal to the purchase payments made with after-tax dollars reduced by any prior nontaxable distribution. Distributions, for this purpose, include full and partial surrenders, any portion of the contract that is assigned or pledged as collateral for a loan, amounts borrowed from the contract, or any portion of the contract that is transferred by gift. For these purposes, a transfer by gift may occur upon annuitization if the contract owner and the annuitant are not the same individual.

In determining the taxable amount of a distribution that is made prior to the annuitization date, all annuity contracts issued after October 21, 1988 by the same company to the same contract owner during the same calendar year will be treated as one annuity contract.

A special rule applies to distributions from contracts that have investments in the contract that were made prior to August 14, 1982. For those contracts, distributions that are made prior to the annuitization date are treated first as the nontaxable recovery of the investment in the contract as of that date. A distribution in excess of the amount of the investment in the contract as of August 14, 1982, will be treated as taxable income.

With respect to annuity distributions on or after the annuitization date, a portion of each annuity payment is excludable from taxable income. The amount excludable from each annuity payment is determined by multiplying the annuity payment by a fraction which is equal to the contract owner's investment in the contract, divided by the expected return on the contract. Once the entire investment in the contract is recovered, all distributions are fully includable in income. The maximum amount excludable from income is the investment in the contract. If the annuitant dies before the entire investment in the contract has been excluded from income, and as a result of the annuitant's death no more payments are due under the contract, then the unrecovered investment in the contract may be deducted on his or her final tax return.

The Code provides that a portion of a non-qualified annuity contract may be annuitized for either (a) a period of 10 years or greater, or (b) for the life or lives of one or more persons. The portion of the contract annuitized would be treated as if it were a separate annuity contract. This means that an annuitization date can be established for a portion of the annuity

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contract annuitized and the above description of the taxation of annuity distributions after the annuitization date would apply to the portion of the contract that has been annuitized. The investment in the contract is required to be allocated pro rata between the portion of the contract that is annuitized and the portion that is not. All other benefits under the contract (e.g., death benefit) would also be reduced pro rata. For example, if 1/3 of the cash value of the contract were to be annuitized, the death benefit would also be reduced by 1/3.

The Code imposes a penalty tax if a distribution is made before the contract owner reaches age 59½. The amount of the penalty is 10% of the portion of any distribution that is includable in gross income. The penalty tax does not apply if the distribution is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the result of a contract owner's death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the result of a contract owner's disability (as defined in the Code);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• one of a series of substantially equal periodic payments made over the life (or life expectancy) of the contract owner or the joint lives (or joint life expectancies) of the contract owner and the beneficiary selected by the contract owner to receive payment under the annuity payment option selected by the contract owner. Substantially equal periodic payments must continue until the later of reaching age 59½ or five years. Modification of payments during that time period will result in retroactive application of the 10% additional penalty tax; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• is allocable to an investment in the contract before August 14, 1982.

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

*Non-Qualified Contracts - Non-Natural Persons as Contract Owners* 

The previous discussion related to the taxation of non-qualified contracts owned by natural persons (individuals). Different rules (the so-called "non-natural persons" rules) apply if the contract owner is not a natural person.

Generally, contracts owned by corporations, partnerships, trusts, and similar entities are not treated as annuity contracts for most purposes of the Code. Therefore, income earned under a non-qualified contract that is owned by a non-natural person is taxed as ordinary income during the taxable year in which it is earned. Taxation is not deferred, even if the income is not distributed out of the contract. The income is taxable as ordinary income, not capital gain.

The non-natural persons rules do not apply to all entity-owned contracts. For purposes of the non-natural persons rule, a contract that is owned by a non-natural person as an agent of an individual is treated as owned by the individual. This would allow the contract to be treated as an annuity under the Code, allowing tax deferral. However, this exception does not apply when the non-natural person is an employer that holds the contract under a non-qualified deferred compensation arrangement for one or more employees.

The non-natural persons rules also do not apply to contracts that are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• acquired by the estate of a decedent by reason of the death of the decedent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• issued in connection with certain qualified retirement plans and individual retirement plans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• purchased by an employer upon the termination of certain qualified retirement plans; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• immediate annuities within the meaning of Section 72(u) of the Code.

If the annuitant, who is the individual treated as owning the contract, dies before the contract is completely distributed, the balance may be included in the annuitant's gross estate for tax purposes, depending on the obligations that the non-natural owner may have owed to the annuitant.

***Diversification and Investor Control*** 

Code Section 817(h) contains rules on diversification requirements for variable annuity contracts. A variable annuity contract that does not meet these diversification requirements will not be treated as an annuity, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the failure to diversify was inadvertent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the failure is corrected; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a fine is paid to the Internal Revenue Service.

The amount of the fine will be the amount of tax that would have been paid by the contract owner if the income, for the period the contract was not diversified, had been received by the contract owner.

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If the violation is not corrected, the contract owner will be considered the owner of the underlying securities and will be currently taxed on the earnings of his or her contract. Nationwide believes that the investments underlying this contract meet these diversification requirements.

For a variable contract to receive favorable tax treatment, the life insurance company must be considered the owner of the underlying assets within the separate account that supports the investment options within the contract. If the contract owner is considered to exercise investment control over the separate account assets, the contract owner will be treated as the owner of those assets and not the insurance company. As a result, the income and gain attributed to the separate account assets will be taxed currently to the contract owner. The IRS has issued guidance that the number of investment options available or the number of transfer opportunities available under a variable product may be relevant in determining whether the variable contract owner will be considered the owner of the separate account assets. Should the Treasury Secretary issue additional rules or regulations that would limit the extent to which a contract owner may direct their investments of particular underlying investment options without being treated as owner of the separate account assets, then Nationwide will take whatever steps are available to remain in compliance.

Based on the above, we believe that the contract qualifies as an annuity contract for federal income tax purposes.

***Exchanges*** 

As a general rule, federal income tax law treats an exchange of property in the same manner as a taxable sale of the property. However, pursuant to Section 1035 of the Code, an annuity contract may be exchanged tax-free for another annuity contract. If the exchange includes the receipt of other property, such as cash, in addition to another annuity contract, special rules may cause a portion of the transaction to be taxable to the extent of the value of the other property.

*Tax Treatment of a Partial 1035 Exchange With Subsequent Withdrawal* 

Partial exchanges may be treated as a tax-free exchange under Code Section 1035. IRS Rev. Proc. 2011-38 addresses the income tax consequences of the direct transfer of a portion of the cash value of an annuity contract in exchange for the issuance of a second annuity contract (a partial exchange). A direct transfer that satisfies the revenue procedure will be treated as a tax-free exchange under Section 1035 of the Code if, for a period of at least 180 days from the date of the direct transfer, there are no distributions or surrenders from either annuity contract involved in the exchange. In addition, the 180-day period will be deemed to have been satisfied with respect to amounts received as an annuity for a period of 10 years or more, or as an annuity for the life of one or more persons. The taxation of distributions (other than distributions described in the immediately preceding sentence) received from either contract within the 180-day period will be determined using general tax principles. For example, they could be treated as taxable "boot" in an otherwise tax-free exchange, or as a distribution from the new contract. Please discuss any tax consequences concerning any contemplated or completed transactions with a professional tax advisor.

***Additional Medicare Tax*** 

Section 1411 of the Code imposes a surtax of 3.8% on certain net investment income received by individuals and certain trusts and estates. The surtax is imposed on the lesser of (a) net investment income or (b) the excess of the modified adjusted gross income over a threshold amount. For individuals, the threshold amount is $250,000 (married filing jointly); $125,000 (married filing separately); or $200,000 (other individuals). The threshold for estates and trusts is $16,000.

Modified adjusted gross income is equal to adjusted gross income with several modifications; consult with a qualified tax advisor regarding how to determine modified adjusted gross income for purposes of determining the applicability of the surtax.

Net investment income includes, but is not limited to, interest, dividends, capital gains, rent and royalty income, and income from nonqualified annuities. Net investment income does not include, among other things, distributions from certain qualified plans (such as IRAs, Roth IRAs, and plans described in Code Sections 401(a), 401(k), 403(a), 403(b) or 457(b)); however, such distributions, to the extent that they are includible in income for federal income tax purposes, are includible in modified adjusted gross income.

**Required Distributions**

The Code requires that certain distributions be made from the contracts issued in conjunction with this prospectus. Following is an overview of the required distribution rules applicable to each type of contract. Consult a qualified tax or financial professional for more specific required distribution information.

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***Required Distributions – General Information*** 

In general, depending on the type of contract, the Code requires that minimum distributions begin during the contract owner's lifetime. In addition, the Code requires that upon the death of the contract owner, minimum distributions must be made to the contract owner's beneficiary. A beneficiary is an individual or other entity that the contract owner designates to receive death proceeds upon the contract owner's death. The distribution rules in the Code make a distinction between "beneficiary" and "designated beneficiary" when determining the life expectancy that may be used for payments that are made after the death of the contract owner from IRAs, SEP IRAs, Simple IRAs, Roth IRAs, Tax Sheltered Annuities, and non-qualified annuity contracts. A designated beneficiary is a natural person (individual) who is designated by the contract owner as the beneficiary under the contract. Non-natural beneficiaries (e.g. charities, estates, or certain trusts) are not designated beneficiaries for the purpose of required distributions and the life expectancy of such a beneficiary is zero.

Life expectancies and joint life expectancies will be determined in accordance with the relevant guidance provided by the Internal Revenue Service and the Treasury Department, including but not limited to Treasury Regulation 1.72-9 and Treasury Regulation 1.401(a)(9)-9.

Required distributions paid upon the death of the contract owner are paid to the beneficiary or beneficiaries stipulated by the contract owner. How quickly the distributions must be made may be determined with respect to the life expectancies of the beneficiaries. For non-qualified contracts, the beneficiaries used in the determination of the distribution period are those in effect on the date of the contract owner's death. For contracts other than non-qualified contracts, the beneficiaries used in the determination of the distribution period do not have to be determined until September 30 of the year following the contract owner's death. Any beneficiary that is not a designated beneficiary has a life expectancy of zero.

***Required Distributions for Non-Qualified Contracts*** 

Code Section 72(s) requires Nationwide to make certain minimum distributions when a contract owner dies. The following distributions will be made in accordance with the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If any contract owner dies on or after the annuitization date and before the entire interest in the contract has been distributed, then the remaining interest must be distributed at least as rapidly as the distribution method in effect on the contract owner's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If any contract owner dies before the annuitization date, then the entire interest in the contract (consisting of either the death benefit or the contract value reduced by charges set forth elsewhere in the contract) must be distributed within five years of the contract owner's death, provided however:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any interest payable to or for the benefit of a designated beneficiary may be distributed over the life of the designated beneficiary or over a period not longer than the life expectancy of the designated beneficiary. Payments must begin within one year of the contract owner's death unless otherwise permitted by federal income tax regulations; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the designated beneficiary is the surviving spouse of the deceased contract owner, the spouse can choose to become the contract owner instead of receiving a death benefit. Any distributions required under these distribution rules will be made upon that spouse's death.

In the event that the contract owner is not a natural person (e.g., a trust or corporation), but is acting as an agent for a natural person, for purposes of these distribution provisions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the death of the annuitant will be treated as the death of a contract owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any change of annuitant will be treated as the death of a contract owner; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in either case, the appropriate distribution will be made upon the death or change, as the case may be.

These distribution provisions do not apply to any contract exempt from Section 72(s) of the Code by reason of Section 72(s)(5) or any other law or rule.

The Code does not require that minimum distributions during the contract owner's lifetime.

***Required Distributions for Tax Sheltered Annuities, IRAs, SEP IRAs, Simple IRAs, and Roth IRAs*** 

*<u>Required Distributions During the Life of the Contract Owner</u>* 

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Distributions from a Tax Sheltered Annuity, IRA, SEP IRA or Simple IRA must begin no later than the required beginning date which is April 1 of the calendar year following the calendar year in which the contract owner reaches their applicable age. The applicable age is:

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| | |
|:---|:---|
| **If the individual was born…** | **The applicable age is…** |
| Before July 1, 1949 | &nbsp;&nbsp; 70½ |
| After June 30, 1949 and before 1951 | &nbsp;&nbsp; 72 |
| After 1950 and before 1960 | &nbsp;&nbsp; 73 |
| After 1959 | &nbsp;&nbsp; 75 |

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Distributions may be paid in a lump sum or in substantially equal payments over:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the life of the contract owner or the joint lives of the contract owner and the contract owner's designated beneficiary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a period not longer than the period determined under the table in Treasury Regulation 1.401(a)(9)-9, which is the deemed joint life expectancy of the contract owner and a person 10 years younger than the contract owner. If the designated beneficiary is the spouse of the contract owner, the period may not exceed the longer of the period determined under such table or the joint life expectancy of the contract owner and the contract owner's spouse, determined in accordance with Treasury Regulation 1.401(a)(9)-9.

For Tax Sheltered Annuities, required distributions do not have to be withdrawn from this contract if they are being withdrawn from another Tax Sheltered Annuity of the contract owner.

For IRAs, SEP IRAs, and Simple IRAs, required distributions do not have to be withdrawn from this contract if they are being withdrawn from another IRA, SEP IRA, or Simple IRA of the contract owner.

The rules for Roth IRAs do not require distributions to begin during the contract owner's lifetime, therefore, the required beginning date is not applicable to Roth IRAs.

*<u>Required Distributions Upon Death of a Contract Owner</u>* 

For death of a contract owner before January 1, 2020, please consult your tax advisor or legal counsel regarding the post-death minimum distribution rules that apply. If the contract owner dies on or after January 1, 2020, and the designated beneficiary is not an eligible designated beneficiary as defined under Code Section 401(a)(9), then the entire balance of the contract must be distributed by December 31<sup>st</sup> of the tenth year following the contract owner's death. This 10-year post-death distribution period applies regardless of whether the contract owner dies before or after the contract owner's required beginning date. Where a contract owner dies after their required beginning date, a designated beneficiary who is not an eligible designated beneficiary must continue to take annual distributions during the 10-year post-death distribution period, based generally on their life expectancy, with the entire balance of the contract required to be distributed by the end of the 10-year post-death period. Please discuss with your tax advisor about the impact this may have on your situation.

In the case of an eligible designated beneficiary, which includes (1) the contract owner's surviving spouse, (2) a minor child of the contract owner, (3) a disabled individual, (4) a chronically ill individual, or (5) an individual not more than 10 years younger than the contract owner, the entire balance of the contract can be distributed over a period not exceeding the life or life expectancy of the eligible designated beneficiary provided that distributions begin by December 31<sup>st</sup> of the calendar year after the calendar year of the contract owner's death. If an eligible designated beneficiary dies before the entire interest is distributed, the remaining interest must be distributed by December 31st of the tenth year following the eligible designated beneficiary's death.

A distribution in the form of annuity payments (an annuitization) that began on or after January 1, 2020, while the contract owner was alive may need to be commuted or modified after the contract owner's death in order to comply with the post-death distribution requirements. However, distributions in the form of annuity payments (an annuitization) that began prior to January 1, 2020, while the contract owner was alive, can continue under that method after the death the contract owner without modification.

In addition, a beneficiary who is not a designated beneficiary, such as a charity, estate, or trust, must withdraw the entire account balance by December 31<sup>st</sup> of the fifth year following the contract owner's death.

Regardless of whether the contract owner dies before, or on or after January 1, 2020, a designated beneficiary who is the surviving spouse of the deceased contract owner may choose to become the contract owner. Any distributions required under these distribution rules will be made upon the surviving spouse's death.

------

If the above distribution requirements are not met, a penalty tax of 25% is levied on the difference between the amount that should have been distributed for that year and the amount that actually was distributed for that year. The penalty tax is reduced to 10% if the required distribution not taken is distributed within a "correction window" as defined under the Code.

Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.

**Other Considerations**

***Same-Sex Marriages, Domestic Partnership, and Other Similar Relationships*** 

The Treasury issued final regulations that address what relationships are considered marriages for federal tax purposes. The final regulation's definition of a marriage reflects the United States Supreme Court holdings in Windsor and Obergefell, as well as Rev. Proc. 2017-13.

The final regulations define the terms "spouse," "husband," "wife," and "husband and wife" to be gender neutral so that these terms can apply equally to same sex couples and opposite sex couples. In addition, the regulations adopt the "place of celebration" rule to determine marital status for federal tax purposes. Therefore, a marriage of two individuals is recognized for federal tax purposes if the marriage is recognized by a state, possession, or territory of the US in which the marriage was entered into, regardless of the couple's place of domicile.

Consistent with IRS Rev. Proc. 2013-17, the final regulations provide that relationships entered into as civil unions or registered domestic partnerships that are not denominated as marriages under state law are not marriages for federal tax purposes. Therefore, the favorable income-tax deferral options afforded by federal tax law to a married spouse under Code Sections 72 and 401(a)(9) are not available to individuals who have entered into these formal relationships.

***Withholding*** 

The taxable portion of a distribution from a contract is subject to federal income tax. Nationwide is required to withhold the tax from the distributions unless the contract owner requests otherwise. Under some circumstances, the Code will not permit contract owners to waive withholding. Such circumstances include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the payee does not provide Nationwide with a taxpayer identification number; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if Nationwide receives notice from the Internal Revenue Service that the taxpayer identification number furnished by the payee is incorrect.

If a contract owner is prohibited from waiving withholding, as described above, the portion of the distribution that represents income will be subject to withholding rates established by Section 3405 of the Code.

If the distribution is from a Tax Sheltered Annuity, it will be subject to mandatory 20% withholding that cannot be waived, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the distribution is made directly to another Tax Sheltered Annuity, qualified pension or profit-sharing plan described in Section 401(a), an eligible deferred compensation plan described in Section 457(b) which is maintained by an eligible employer described in section 457(e)(1)(A) or individual retirement plan; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the distribution satisfies the minimum distribution requirements imposed by the Code.

***Non-Resident Aliens*** 

Generally, the taxable portion of a distribution from a contract to a non-resident alien is subject to federal income tax at a rate of 30% of the amount of income that is distributed.

Nationwide is required to withhold this amount and send it to the Internal Revenue Service. Some distributions to non-resident aliens may be subject to a lower (or no) tax if a treaty applies. In order to obtain the benefits of such a treaty, the non-resident alien must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) provide Nationwide with a properly completed withholding certificate claiming the treaty benefit of a lower tax rate or exemption from tax; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) provide Nationwide with an individual taxpayer identification number.

If the non-resident alien does not meet the above conditions, Nationwide will withhold 30% of income from the distribution.

Another exemption from the 30% withholding rate is available if the non-resident alien provides Nationwide with sufficient evidence that:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the distribution is connected to the non-resident alien's conduct of business in the United States;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the distribution is includable in the non-resident alien's gross income for United States federal income tax purposes; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) provide Nationwide with a properly completed withholding certificate claiming the exemption.

Note that for the preceding exemption, the distributions would be subject to the same withholding rules that are applicable to payments to United States persons.

This prospectus does not address any tax matters that may arise by reason of application of the laws of a non-resident alien's country of citizenship and/or country of residence. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the applicability of laws of those jurisdictions to the purchase or ownership of a contract.

***FATCA*** 

Under Sections 1471 through 1474 of the Internal Revenue Code (commonly referred to as FATCA), distributions from a contract to a foreign financial institution or to a nonfinancial foreign entity, each as described by FATCA, may be subject to United States tax withholding at a flat rate equal to 30% of the taxable amount of the distribution, irrespective of the status of any beneficial owner of the contract or of the distribution. Nationwide may require a contract owner to provide certain information or documentation (e.g., Form W-9 or Form W-8BEN) to determine its withholding requirements under FATCA.

***Federal Estate, Gift and Generation Skipping Transfer Taxes*** 

The following transfers may be considered a gift for federal gift tax purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a transfer of the contract from one contract owner to another; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a distribution to someone other than a contract owner.

Upon the contract owner's death, the value of the contract may be subject to estate taxes, even if all or a portion of the value is also subject to federal income taxes.

Section 2612 of the Code may require Nationwide to determine whether a death benefit or other distribution is a "direct skip" and the amount of the resulting generation skipping transfer tax, if any. A direct skip is when property is transferred to, or a death benefit or other distribution is made to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) an individual who is two or more generations younger than the contract owner; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) certain trusts, as described in Section 2613 of the Code (generally, trusts that have no beneficiaries who are not two or more generations younger than the contract owner).

If the contract owner is not an individual, then for this purpose only, "contract owner" refers to any person:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• who would be required to include the contract, death benefit, distribution, or other payment in his or her federal gross estate at his or her death; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• who is required to report the transfer of the contract, death benefit, distribution, or other payment for federal gift tax purposes.

If a payment is subject to the generation skipping transfer tax, Nationwide may be required to deduct the amount of the transfer tax from the death benefit, distribution or other payment, and remit it directly to the Internal Revenue Service.

***Charge for Tax*** 

Nationwide is not required to maintain a capital gain reserve liability on non-qualified contracts. If tax laws change requiring a reserve, Nationwide may implement and adjust a tax charge.

**State Taxation** 

The tax rules across the various states and localities are not uniform and therefore are not discussed in this prospectus. Tax rules that may apply to contracts issued in U.S. territories such as Puerto Rico and Guam are also not discussed. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.

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**Appendix C: Standard Death Benefit (Five-Year Reset Death Benefit) Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the Standard Death Benefit (Five-Year Reset Death Benefit) is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1991 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $106678 |
| 01-01-1996 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $90326 |
| 01-01-2001 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $98267 |
| 03-01-2001 | Annuitant's 86th birthday | n/a | $98555 |
| 01-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $97113 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $97,113

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $98,267

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**Appendix D: One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1994 | Contract Anniversary | n/a | $123362 |
| 03-01-1996 | Annuitant's 86th birthday | n/a | $111026 |
| 02-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $119368 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $119,368

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $123,362

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**Appendix E: One-Year Step Up Death Benefit Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the One-Year Step Up Death Benefit Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1994 | Contract Anniversary | n/a | $123362 |
| 03-01-1996 | Annuitant's 86th birthday | n/a | $111026 |
| 02-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $119368 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $119,368

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $123,362

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**Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% compound interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 02-14-1988 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $25000 | $133666 |
| 07-28-1996 | Partial Withdrawal | $10000 | $176202 |
| 09-30-2004 | Annuitant's 86th birthday | n/a | $242807 |
| 03-01-2005 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $11000 | $257803 |
| 05-15-2007 | Partial Withdrawal | $7000 | $274079 |
| 04-18-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $295602 |

---

\* The Contract Value shown assumes a 4% net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $295,602

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; $126,067

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value $252,134

**Conclusion** 

Death Benefit = 295,602

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**Appendix G: 5% Enhanced Death Benefit Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the 5% Enhanced Death Benefit Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% simple interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 02-14-1988 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $25000 | $133666 |
| 07-28-1996 | Partial Withdrawal | $10000 | $176202 |
| 09-30-2004 | Annuitant's 86th birthday | n/a | $242807 |
| 03-01-2005 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $11000 | $257803 |
| 05-15-2007 | Partial Withdrawal | $7000 | $274079 |
| 04-18-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $295602 |

---

\* The Contract Value shown assumes a 4% net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value as of the date that Nationwide receives all the information necessary to pay the death benefit; $295,602

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value $252,134

**Conclusion** 

Death Benefit = 295,602

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**Appendix H: Financial Intermediary Variations**

Some broker-dealers that have entered into selling agreements with Nationwide (or an affiliate) to sell this contract impose restrictions on their financial professionals that prohibit or limit the recommendation of specific features, benefits, and investment options that are described in this prospectus. Those restrictions are made by the broker-dealer and may or may not be known to Nationwide. Currently, Nationwide is not aware of any such restrictions; however, this conclusion is based only on information that Nationwide could obtain without unreasonable effort or expense and does not reflect restrictions the knowledge of which rests peculiarly with unaffiliated broker-dealers. **Applicants/Contract Owners should discuss broker-dealer restrictions on features, benefits, and investment options directly with their financial professional.**

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**Outside back cover page** 

The Statement of Additional Information contains additional information about the Variable Account. To obtain a free copy of the Statement of Additional Information, request other information about the contract, or to make any other service requests, contact Nationwide at 1-800-888-2461 or by one of the other methods described in *Contacting the Service Center*.

The Statement of Additional Information has been filed with the SEC and is incorporated by reference into this prospectus. The SAI is also available at https://vpx.broadridge.com/GetContract1.asp?doctype=sai&cid=sblife&fid=814121554. This prospectus is available at https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=814121554.

Reports and other information about the Variable Account are available on the SEC's website at http://www.sec.gov. Copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

SEC Contract Identifier: C000024728

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**Waddell & Reed Advisors Select Plus Annuity**<sup>SM</sup>

**Individual Modified Single Premium Deferred Variable Annuity Contracts** 

Issued by

**Nationwide Life Insurance Company** 

through its

**Nationwide Variable Account-9** 

The date of this prospectus is May 1, 2026.

This prospectus contains important information about the contracts that should be understood before investing. Read this prospectus carefully and keep it for future reference. The contract described in this prospectus is no longer available for purchase.

Variable annuities are complex investment products and involve risks, including the potential loss of principal. The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals under the contract could result in Contingent Deferred Sales Charges, taxes, and tax penalties.

Variable annuities have unique benefits and advantages that may be particularly useful in meeting long-term savings and retirement needs. There are costs and charges associated with these benefits and advantages - costs and charges that are different, or do not exist at all, within other investment products. With help from financial professionals, investors are encouraged to compare and contrast the costs and benefits of the variable annuity described in this prospectus against those of other investment products, especially other variable annuity and variable life insurance products offered by Nationwide and its affiliates. Nationwide offers a wide array of such products, many with different charges, benefit features, and investment options. This process of comparison and analysis should aid in determining whether the purchase of the contract described in this prospectus is consistent with the purchaser's investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and other personal characteristics and needs.

Variable annuities are not insured by the Federal Deposit Insurance Corporation or any other federal government agency, and are not deposits of, guaranteed by, or insured by the depository institution where offered or any of its affiliates. The SEC has not approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. Additional information about certain investment products, including variable annuities, has been prepared by the SEC's staff and is available at Investor.gov.

The investment options available under the contract consist of Sub-Accounts that invest in underlying mutual funds, which offer a variable rate of return, a Fixed Account, which offers a fixed rate of return, and Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025), which offer an enhanced rate of return subject to a market value adjustment. Additional information about the investment options is available in *Appendix A: Investment Options Available Under the Contract.* <br>

This contract contains features that apply credits to the Contract Value. The benefit of the credits may be more than offset by the additional fees that the Contract Owner will pay in connection with the credits. A contract without credits may cost less. Additionally, with respect to the Extra Value Option, the cost of electing the option and the recapture of the credits (in the event of a withdrawal) could exceed any benefit of receiving the Extra Value Option credits.

**The availability of investment options, contract benefits, or other contract features described in this prospectus may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations* for additional information).**

**Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract and decide if they want to keep it or cancel it. This right is referred to as a "free look" right. The length of this time period depends on state law and may vary depending on whether the purchase is a replacement of another annuity contract. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date (see *Right to Examine and Cancel* and *Contacting the Service Center*).**

**If the Contract Owner elects to cancel the contract pursuant to the free look provision, where required by law, Nationwide will return the greater of the Contract Value or the amount of purchase payment(s) applied during the free look period, less any Extra Value Option credits, withdrawals from the contract, and applicable federal and** 

------

**state income tax withholding. Otherwise, Nationwide will return the Contract Value, less any Extra Value Option credits, withdrawals from the contract, and applicable federal and state income tax withholding (see *Right to Examine and Cancel*).**

All guarantees under the contract are subject to Nationwide's creditworthiness and claims-paying ability.

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**Glossary of Special Terms** 

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Accumulation Unit** – An accounting unit of measure used to calculate the Contract Value allocated to the Variable <br> Account before the Annuitization Date.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Annuitant** – The person(s) whose length of life determines how long annuity payments are paid. The Annuitant must <br> be living on the date the contract is issued.<br>|
| **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. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Co-Annuitant** – The person designated by the Contract Owner to receive the benefit associated with the Spousal <br> Protection Feature.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Contingent Annuitant** – The individual who becomes the Annuitant if the Annuitant dies before the Annuitization <br> Date.<br>|
| **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. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Contract Value** – The value of all Accumulation Units in a contract plus any amount held in the Fixed Account, the <br> GTOs, and the collateral fixed account.<br>|
| **Contract Year** – Each year the contract is in force beginning with the date the contract is issued. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Daily Net Assets** – A figure that is calculated at the end of each Valuation Date and represents the sum of all the <br> Contract Owners interests in the Sub-Accounts after the deduction of underlying mutual fund expenses.<br>|
| **ERISA** – The Employee Retirement Income Security Act of 1974, as amended. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Fixed Account** – An investment option that is funded by Nationwide's General Account. Amounts allocated to the <br> Fixed Account will receive periodic interest subject to a guaranteed minimum crediting rate.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **General Account** – All assets of Nationwide other than those of the Variable Account or in other separate accounts of <br> Nationwide.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Guaranteed Term Options ("GTOs")** – Investment options that provide a guaranteed fixed interest rate paid over <br> specific term duration and contain a market value adjustment feature. Guaranteed Term Options are referred to as <br> Target Term Options in some states.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Individual Retirement Account** – An account that qualifies for favorable tax treatment under Section 408(a) of the <br> Internal Revenue Code, but does not include Roth IRAs.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Individual Retirement Annuity or IRA** – An annuity contract that qualifies for favorable tax treatment under Section <br> 408(b) of the Internal Revenue Code, but does not include Roth IRAs or Simple IRAs.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Investment-Only Contract** – A contract purchased by a qualified pension, profit-sharing, or stock bonus plan as <br> defined by Section 401(a) of the Internal Revenue Code.<br>|
| **Nationwide** – Nationwide Life Insurance Company. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net Asset Value** – The value of one share of an underlying mutual fund at the close of regular trading on the New <br> York Stock Exchange.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Non-Qualified Contract** – A contract which does not qualify for favorable tax treatment as a Qualified Plan, IRA, Roth <br> IRA, SEP IRA, Simple IRA, or Tax Sheltered Annuity.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Qualified Plan** – A retirement plan that receives favorable tax treatment under Section 401 of the Internal Revenue <br> Code, including Investment-Only Contracts. In this prospectus, all provisions applicable to Qualified Plans also apply <br> to Investment-Only Contracts unless specifically stated otherwise.<br>|

---

------

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Roth IRA** – An annuity contract that qualifies for favorable tax treatment under Section 408A of the Internal Revenue <br> Code.<br>|
| **SEC** – Securities and Exchange Commission. |
| &nbsp;&nbsp;&nbsp;&nbsp; **SEP IRA** – An annuity contract which qualifies for favorable tax treatment under Section 408(k) of the Internal <br> Revenue Code.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Service Center** – The department of Nationwide responsible for receiving all service and transaction requests relating <br> to the contract. For service and transaction requests submitted other than by telephone (including fax requests), the <br> Service Center is Nationwide's mail and document processing facility. For service and transaction requests <br> communicated by telephone, the Service Center is Nationwide's operations processing facility. Information on how to <br> contact the Service Center is in the *Contacting the Service Center* provision.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Simple IRA** – An annuity contract which qualifies for favorable tax treatment under Section 408(p) of the Internal <br> Revenue Code.<br>|
| **Sub-Accounts** – Divisions of the Variable Account, each of which invests in a single underlying mutual fund. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Target Term Option** – Investment options that are, in all material respects, the same as Guaranteed Term Options. All <br> references in this prospectus to Guaranteed Term Options will also mean Target Term Options (in applicable <br> jurisdictions).<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Tax Sheltered Annuity** – An annuity that qualifies for favorable tax treatment under Section 403(b) of the Internal <br> Revenue Code.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Valuation Date** – Each day the New York Stock Exchange is open for business or any other day during which there is <br> a sufficient degree of trading such that the current Net Asset Value of the underlying mutual fund shares might be <br> materially affected. Values of the Variable Account are determined as of the close of regular trading on the New <br> York Stock Exchange, which generally closes at 4:00 p.m. EST.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Valuation Period** – The period of time commencing at the close of a Valuation Date and ending at the close of <br> regular trading on the New York Stock Exchange for the next succeeding Valuation Date.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Variable Account** – Nationwide Variable Account-9, a separate account that Nationwide established to hold Contract <br> Owner assets allocated to variable investment options. The Variable Account is divided into Sub-Accounts, each of <br> which invests in a separate underlying mutual fund.<br>|

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **Page** |
| **[Glossary of Special Terms](#xx_7cd4b38d-fe96-42f2-a7f1-70d89c20a86b_1)** | &nbsp;&nbsp; 3 |
| **[Overview of the Contract](#xx_db907400-5211-4411-824a-b63d70edc1dc_1)** | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Purpose of the Contract](#xx_db907400-5211-4411-824a-b63d70edc1dc_1) | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Phases of the Contract](#xx_db907400-5211-4411-824a-b63d70edc1dc_1) | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Features](#xx_db907400-5211-4411-824a-b63d70edc1dc_1) | &nbsp;&nbsp; 8 |
| **[Important Information You Should Consider About the Contract](#xx_2948d302-8a70-406f-96dd-e97e35efba6b_1)** | &nbsp;&nbsp; 11 |
| **[Fee Table](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_1)** | &nbsp;&nbsp; 14 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Example](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_3) | &nbsp;&nbsp; 16 |
| **[Principal Risks](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_3)** | &nbsp;&nbsp; 16 |
| **[Nationwide and the Variable Account](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_5)** | &nbsp;&nbsp; 18 |
| **[Investment Options](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_6)** | &nbsp;&nbsp; 19 |
| &nbsp;&nbsp;&nbsp;&nbsp; [The Sub-Accounts and Underlying Mutual Funds](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_6) | &nbsp;&nbsp; 19 |
| &nbsp;&nbsp;&nbsp;&nbsp; [The Fixed Account](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_7) | &nbsp;&nbsp; 20 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Term Options](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_9) | &nbsp;&nbsp; 22 |
| **[Contacting the Service Center](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_10)** | &nbsp;&nbsp; 23 |
| **[Charges and Adjustments](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_10)** | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Mortality and Expense Risk Charge](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_10) | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Deferred Sales Charge](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_10) | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Premium Taxes](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Loan Processing Fee and Loan Interest Charge](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reduced Purchase Payment Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Five Year CDSC Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Additional Withdrawal Without Charge and Disability Waiver](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [10 Year and Disability Waiver](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Hardship Waiver](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Step Up Death Benefit Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [5% Enhanced Death Benefit Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Minimum Income Benefit Options](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Extra Value Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary Protector Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Capital Preservation Plus Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Removal of Variable Account Charges](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Fund Charges](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_15) | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Market Value Adjustment](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_15) | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Profitability](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_16) | &nbsp;&nbsp; 29 |
| **[The Contract in General](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_16)** | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Types of Contracts Issued](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_16) | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Minimum Initial and Subsequent Purchase Payments](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_16) | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Dollar Limit Restrictions](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Money Laundering](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Replacements](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contestability](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Payments to Minors](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Misuse](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide's General Account Obligations](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contractual Guarantees](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reservation of Rights](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Distribution, Promotional, and Sales Expenses](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Fund Service Fee Payments](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Treatment of Unclaimed Property](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_20) | &nbsp;&nbsp; 33 |
| **[Benefits Under the Contract](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_20)** | &nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Standard Benefits Table](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_20) | &nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Optional Benefits Table](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_21) | &nbsp;&nbsp; 34 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Standard Death Benefit (Five-Year Reset Death Benefit)](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_24) | &nbsp;&nbsp; 37 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reduced Purchase Payment Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_25) | &nbsp;&nbsp; 38 |

---

------

**Table of Contents (continued)**

---

| | |
|:---|:---|
|  | **Page** |
| &nbsp;&nbsp;&nbsp;&nbsp; [Five Year CDSC Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_25) | &nbsp;&nbsp; 38 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Additional Withdrawal Without Charge and Disability Waiver](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_26) | &nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp;&nbsp; [10 Year and Disability Waiver](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_26) | &nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Hardship Waiver](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Step Up Death Benefit Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_28)<br> [Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_28)<br>| &nbsp;&nbsp; 41 |
| &nbsp;&nbsp;&nbsp;&nbsp; [5% Enhanced Death Benefit Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_29) | &nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Spousal Protection Feature](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_29) | &nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Minimum Income Benefit Options](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_30) | &nbsp;&nbsp; 43 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Extra Value Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_32) | &nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary Protector Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_33) | &nbsp;&nbsp; 46 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Capital Preservation Plus Option](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_34) | &nbsp;&nbsp; 47 |
| **[Ownership and Interests in the Contract](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_37)** | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Owner](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Joint Owner](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Owner](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitant](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Co-Annuitant](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Annuitant](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Joint Annuitant](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary and Contingent Beneficiary](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Changes to the Parties to the Contract](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Community Property States](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_39) | &nbsp;&nbsp; 52 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Assignment](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_39) | &nbsp;&nbsp; 52 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficially Owned Contracts](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_40) | &nbsp;&nbsp; 53 |
| **[Operation of the Contract](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_40)** | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Pricing](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_40) | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Application and Allocation of Purchase Payments](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_40) | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Determining the Contract Value](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_41) | &nbsp;&nbsp; 54 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfer Requests](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_42) | &nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfers Prior to Annuitization](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_42) | &nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfers After Annuitization](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_43) | &nbsp;&nbsp; 56 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfer Restrictions](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_43) | &nbsp;&nbsp; 56 |
| **[Right to Examine and Cancel](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_45)** | &nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Allocation of Purchase Payments during Free Look Period](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_45) | &nbsp;&nbsp; 58 |
| **[Surrender/Withdrawal Prior to Annuitization](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_45)** | &nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Partial Withdrawals](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_46) | &nbsp;&nbsp; 59 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Full Surrenders](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_46) | &nbsp;&nbsp; 59 |
| **[Surrender/Withdrawal After Annuitization](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_47)** | &nbsp;&nbsp; 60 |
| **[Withdrawals Under Certain Plan Types](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_47)** | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals Under a Texas Optional Retirement Program or a Louisiana Optional Retirement Plan](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_47) | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals Under a Tax Sheltered Annuity](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_47) | &nbsp;&nbsp; 60 |
| **[Loan Privilege](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_48)** | &nbsp;&nbsp; 61 |
| **[Contract Owner Services](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_51)** | &nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Asset Rebalancing](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_51) | &nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Dollar Cost Averaging](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_52) | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Enhanced Fixed Account Dollar Cost Averaging](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_52) | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Systematic Withdrawals](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_53) | &nbsp;&nbsp; 66 |
| **[Death Benefit](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_54)** | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Contract Owner](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Annuitant](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Contract Owner/Annuitant](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit Payment](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit Calculations](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_55) | &nbsp;&nbsp; 68 |
| **[Annuity Commencement Date](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_55)** | &nbsp;&nbsp; 68 |

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**Table of Contents (continued)**

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|:---|:---|
|  | **Page** |
| **[Annuitizing the Contract](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_55)** | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitization Date](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_55) | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitization](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Fixed Annuity Payments](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Variable Annuity Payments](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Frequency and Amount of Annuity Payments](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_56) | &nbsp;&nbsp; 69 |
| **[Annuity Payment Options](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_57)** | &nbsp;&nbsp; 70 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuity Payment Options Available to All Contracts](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_57) | &nbsp;&nbsp; 70 |
| **[Statements and Reports](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_58)** | &nbsp;&nbsp; 71 |
| **[Legal Proceedings](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_58)** | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide Life Insurance Company](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_58) | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide Investment Services Corporation](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_59) | &nbsp;&nbsp; 72 |
| **[Financial Statements](#xx_bddbaf94-c9e1-4213-b073-68cf1e1e486d_59)** | &nbsp;&nbsp; 72 |
| **[Appendix A: Investment Options Available Under the Contract](#xx_3472a4f9-31d6-406a-8b8c-a127c69b60a9_1)** | &nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Funds](#xx_3472a4f9-31d6-406a-8b8c-a127c69b60a9_1) | &nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Fixed Options](#xx_3472a4f9-31d6-406a-8b8c-a127c69b60a9_3) | &nbsp;&nbsp; 75 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Income Benefit Investment Options](#xx_3472a4f9-31d6-406a-8b8c-a127c69b60a9_3) | &nbsp;&nbsp; 75 |
| **[Appendix B: Contract Types and Tax Information](#xx_fec4bdd9-2d78-4ed8-979e-90707013182e_1)** | &nbsp;&nbsp; 76 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Types of Contracts](#xx_fec4bdd9-2d78-4ed8-979e-90707013182e_1) | &nbsp;&nbsp; 76 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Federal Tax Considerations](#xx_fec4bdd9-2d78-4ed8-979e-90707013182e_3) | &nbsp;&nbsp; 78 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Required Distributions](#xx_fec4bdd9-2d78-4ed8-979e-90707013182e_7) | &nbsp;&nbsp; 82 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Other Considerations](#xx_fec4bdd9-2d78-4ed8-979e-90707013182e_10) | &nbsp;&nbsp; 85 |
| &nbsp;&nbsp;&nbsp;&nbsp; [State Taxation](#xx_fec4bdd9-2d78-4ed8-979e-90707013182e_11) | &nbsp;&nbsp; 86 |
| **[Appendix C:](#xx_dcf3863a-3676-447d-8f7e-859af86472dd_1) [Standard Death Benefit (Five-Year Reset Death Benefit) Example](#xx_dcf3863a-3676-447d-8f7e-859af86472dd_1)** | &nbsp;&nbsp; 87 |
| **[Appendix D: One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_0b67383d-0b9e-40dc-95dc-b468abbb7d4f_1)**<br> **[Option Example](#xx_0b67383d-0b9e-40dc-95dc-b468abbb7d4f_1)**<br>| &nbsp;&nbsp; 88 |
| **[Appendix E: One-Year Step Up Death Benefit Option Example](#xx_b53c403a-f330-42a3-9af9-e67bfd73af09_1)** | &nbsp;&nbsp; 89 |
| **[Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and](#xx_ffe28245-fd2e-4e04-917b-0c6e01f508af_1)**<br> **[Spousal Protection Option Example](#xx_ffe28245-fd2e-4e04-917b-0c6e01f508af_1)**<br>| &nbsp;&nbsp; 90 |
| **[Appendix G: 5% Enhanced Death Benefit Option Example](#xx_ac43197c-7d3a-4833-850f-10f4c93ac4b6_1)** | &nbsp;&nbsp; 91 |
| **[Appendix H: Financial Intermediary Variations](#xx_6b4153a2-0f9e-4aeb-a7db-606dd3cd5c20_1)** | &nbsp;&nbsp; 92 |

---

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**Overview of the Contract** 

**Purpose of the Contract** 

The contract is intended to be a long-term investment vehicle to assist investors in saving for and living in retirement. Nationwide has designed the contract to offer features, pricing, and investment options that encourage long-term ownership. The contract can help supplement retirement income through the annuitization feature, which provides a stream of periodic income payments. During the years leading up to those income payments, the Contract Owner manages his/her assets in the contract according to their specific goals and risk preferences by directing the allocation and reallocation among a variety of investment options. Contract growth is tax-deferred, meaning that gains in the contract are not taxable until withdrawn from the contract. Finally, in the event that the Annuitant dies before beginning income payments, the contract offers a death benefit.

Prospective purchasers should consult with a financial professional to determine whether this contract is appropriate for them, taking into consideration their particular needs, including investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and other personal characteristics. Generally speaking, this contract is intended to provide benefits to a single individual and his/her beneficiaries. The contract is not intended to be used by institutional investors, in connection with other Nationwide contracts that have the same Annuitant, or in connection with other Nationwide contracts that have different Annuitants but the same Contract Owner. It is not intended to be sold to a terminally ill Contract Owner or Annuitant.

**Phases of the Contract** 

The contract exists in two separate phases: accumulation (savings) and annuitization (income). During the accumulation phase, the contract offers a variety of investment options to which the Contract Owner can allocate and reallocate his/her Contract Value. The investment options available under the contract consist of Sub-Accounts that invest in underlying mutual funds, which offer a variable rate of return, a Fixed Account, which offers a fixed rate of return, and Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025), which offer an enhanced rate of return subject to a market value adjustment. **Additional information about the underlying mutual funds is available in *Appendix A: Investment Options Available Under the Contract*.** 

During the annuitization phase, Nationwide makes periodic income payments to the Annuitant. At the time of annuitization, the Contract Owner elects the duration of the annuity payments – either for a fixed period of time or for the duration of the Annuitant's (and possibly the Annuitant's spouse's) life. The Contract Owner also elects whether the annuity payments will be fixed or variable. If variable annuity payments are elected, the Annuitant controls the allocation/reallocation of annuitized assets among the available Sub-Accounts. After annuitization begins, the only value associated with the contract is the stream of annuity payments; unless otherwise specified in the annuity option, amounts cannot be withdrawn from the contract over and above the annuity payments. Additionally, once annuitization has begun, there is no death benefit, which means that upon the death of the Annuitant (and the Annuitant's spouse if a joint annuity option was elected), all payments stop and the contract terminates, unless the particular annuitization option provides otherwise.

**Contract Features**

**Investment Options.** Contract Owners can allocate Contract Value to Sub-Accounts that invest in underlying mutual funds, the Fixed Account and/or the Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025). Contract Owners can reallocate those assets at their discretion, subject to certain restrictions.

**Deposits to the Contract.** Contract Owners can apply additional purchase payments to the contract until the Annuitization Date, subject to certain restrictions.

**Withdrawals from the Contract.** Contract Owners can withdraw some or all of their Contract Value at any time prior to annuitization, subject to certain restrictions. A CDSC may apply. After Annuitization, withdrawals other than annuity payments are not permitted.

**Loans from the Contract.** For contracts issued as Tax Sheltered Annuities, Contract Owners can request a loan of a portion of their Contract Value at any time after the free look period and prior to annuitization, subject to certain restrictions. A Loan Processing Fee is assessed at the time each new loan is processed, and a loan interest charge also applies.

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**Death Benefit.** During the accumulation phase, the contract contains a standard death benefit (the greatest of (i) Contract Value, (ii) net purchase payments, or (iii) the Contract Value as of the most recent five-year Contract Anniversary before the Annuitant's 86th birthday) at no additional charge.

**Optional Death Benefits.** Several death benefit options are available for an additional charge, which may provide a greater death benefit than the standard death benefit. Those options are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option (available beginning January 2, 2001 or a later date if state law requires)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• One-Year Step Up Death Benefit Option (available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option (available beginning January 2, 2001 or a later date if state law requires)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% Enhanced Death Benefit Option (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)

**Spousal Protection Feature.** Some of the death benefit options contain the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse, subject to certain conditions.

**Reduced Purchase Payment Option.** The contract offers a Reduced Purchase Payment Option for an additional charge, which provides for reduced minimum initial purchase payment and subsequent purchase payment requirements.

**CDSC Options.** Several CDSC Options are available for an additional charge, whereby Nationwide will waive or reduce the standard CDSC schedule. Those options are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Five Year CDSC Option

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Additional Withdrawal Without Charge and Disability Waiver

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10 Year and Disability Waiver

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hardship Waiver

**Guaranteed Minimum Income Benefit Options.** The contract offers two Guaranteed Minimum Income Benefit Options for an additional charge, each of which provides for a guaranteed amount at annuitization.

**Extra Value Option Credits.** An Extra Value Option is available for an additional charge, whereby Nationwide will apply additional money to the Contract Value during the first Contract Year. Extra Value Option credits are subject to recapture under certain circumstances.

**Beneficiary Protector Option.** The contract offers a Beneficiary Protector Option for an additional charge, which may be advantageous if the Contract Owner anticipates the assessment of taxes in connection with payment of the death benefit proceeds.

**Capital Preservation Plus Option.** The contract offers a Capital Preservation Plus Option for an additional charge, which provides a principal guarantee.

**Annuity Payments.** On the Annuitization Date, Nationwide will make annuity payments based on the annuity payment option chosen prior to annuitization.

**Tax Deferral.** Generally, Contract Owners will not be taxed on any earnings on the assets in the contract until such earnings are distributed from the contract. How each contract's distributions are taxed depends on the type of contract issued. Note that if this contract is issued in connection with a plan that qualifies for special income tax treatment under the Code, the contract does not provide additional tax deferral benefits (see *Appendix B: Contract Types and Tax Information*).

**Cancellation of the Contract.** Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract and decide if they want to keep it or cancel it. Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date (see *Right to Examine and Cancel* and *Contacting the Service Center*).

**Contract Owner Services.** The contract offers several services at no additional charge to assist Contract Owners in managing their contract, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Asset Rebalancing

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Dollar Cost Averaging

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Fixed Account Dollar Cost Averaging

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Systematic Withdrawals

**Market Value Adjustment** 

A withdrawal or transfer from a Guaranteed Term Option (GTO) prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

Contact the Service Center for more information on the GTOs.

------

**Important Information You Should Consider About the Contract** 

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| | |
|:---|:---|
| **FEES, EXPENSES, AND ADJUSTMENTS**<br> (see *Fee Table* and *Charges and Adjustments*) | **FEES, EXPENSES, AND ADJUSTMENTS**<br> (see *Fee Table* and *Charges and Adjustments*) |
| **Are There Charges or** <br> **Adjustments for Early** <br> **Withdrawals?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● If the Contract Owner withdraws money from the contract within 7 years following his/her <br> last purchase payment, a Contingent Deferred Sales Charge (or "CDSC") may apply <br> (see *Contingent Deferred Sales Charge*). The CDSC will not exceed 7% of the amount <br> of purchase payments withdrawn, declining to 0% over 7 years.<br> For example, for a contract with a $100,000 investment, a withdrawal taken during the <br> CDSC period could result in a CDSC of up to $7,000. This loss will be greater if there is <br> a negative market value adjustment, taxes or tax penalties.<br> ● If you withdraw money from a Guaranteed Term Option prior to its maturity date, you will <br> be assessed a market value adjustment, which may be negative (see *Guaranteed Term* <br> *Options*). The application of the market value adjustment could result in a loss. In <br> extreme circumstances such losses could be as high as 100% of the amount withdrawn.<br> For example, for a contract with a $100,000 investment, a withdrawal taken prior to the <br> Guaranteed Term Option's maturity date could result in a market value adjustment of up <br> to $100,000. This loss will be greater if there is a CDSC, taxes, or tax penalties. |
| **Are There Transaction** <br> **Charges?**<br>| &nbsp;&nbsp; **Yes.** Nationwide also charges a loan processing fee at the time each new loan is <br> processed (see *Loan Privilege*). |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; **Yes.** The table below describes the fees and expenses that you may pay *each year*, <br> depending on the investment options and optional benefits chosen. Please refer to your <br> contract specifications page for information about the specific fees you will pay each year <br> based on the options you have elected. |
| **Are There Ongoing Fees** <br> **and Expenses?** | **Annual Fee** |
| **Are There Ongoing Fees** <br> **and Expenses?** | Base Contract<br>0.95%<sup>1</sup> <br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | Underlying mutual fund fees and expenses<br>0.72%<sup>2</sup><br>1.31%<sup>2</sup> |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; Optional benefits available for an additional <br> charge (for a single optional benefit, if elected)<br>0.05%<sup>1</sup> <br>0.50%<sup>1</sup> <br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; <sup>1</sup> As a percentage of Daily Net Assets.<br> <sup>2</sup> As a percentage of underlying mutual fund net assets. |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; Because each contract is customizable, the options elected affect how much each <br> Contract Owner will pay. To help you understand the cost of owning the contract, the <br> following table shows the lowest and highest cost a Contract Owner could pay *each year*, <br> based on current charges. This estimate assumes that no withdrawals are taken from the <br> contract, **which could add a CDSC and a negative market value adjustment that** <br> **substantially increase costs**. |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; **Lowest Annual Cost Estimate:**<br> **$1,549.93**<br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp;&nbsp; Assumes:<br> ● Investment of $100,000<br> ● 5% annual appreciation<br> ● Least expensive underlying mutual fund fees <br> and expenses<br> ● No optional benefits<br> ● No CDSC<br> ● No additional purchase payments, transfers or <br> withdrawals<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Is There a Risk of Loss** <br> **from Poor Performance?**<br>| &nbsp;&nbsp; **Yes.** Contract Owners of variable annuities can lose money by investing in the contract, <br> including loss of principal (see *Principal Risks*).<br>|

---

------

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| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Is this a Short-Term** <br> **Investment?**<br>| &nbsp;&nbsp;&nbsp; **No.**<br> ● The contract is not a short-term investment and is not appropriate for an investor who <br> needs ready access to cash. Nationwide has designed the contract to offer features, <br> pricing, and investment options that encourage long-term ownership (see *Principal* <br> *Risks*).<br> ● A CDSC may apply for up to 7 years following the last purchase payment and could <br> reduce the value of the contract if purchase payments are withdrawn during that time <br> (see *Contingent Deferred Sales Charge*). All or a portion of any withdrawal may be <br> subject to taxes and tax penalties. The benefits of tax deferral also means that the <br> contract is more beneficial to investors with a long time horizon (see *Principal Risks*).<br> ● Amounts removed from a Guaranteed Term Option prior to its maturity date may also <br> result in a negative market value adjustment.<br> ● For amounts allocated to a Guaranteed Term Option, at the end of each maturity date, <br> the Contract Value will be reallocated to available investment options according to the <br> Contract Owner's instructions. If no direction is received by Nationwide prior to the <br> maturity date, all amounts in that Guaranteed Term Option will be transferred to the <br> available money market Sub-Account.<br> ● For amounts allocated to the Fixed Account at the end of an interest rate guarantee <br> period, such amounts will be reallocated among the contract's available investment <br> options in accordance with the Contract Owner's reallocation instructions, subject to any <br> applicable limitations. In the absence of instructions, such amounts will remain invested <br> in the Fixed Account for another interest rate guarantee period at the applicable <br> Renewal Rate (see *The Fixed Account* and *Transfers Prior to Annuitization*).<br>|
| **What Are the Risks** <br> **Associated with the** <br> **Investment Options?**<br>| &nbsp;&nbsp;&nbsp; ● Investment in this contract is subject to the risk of poor investment performance. <br> Investment experience can vary depending on the investment options selected by the <br> Contract Owner.<br> ● Each investment option (including the Fixed Account and Guaranteed Term Options) has <br> its own unique risks.<br> ● Review the prospectuses and disclosures for the investment options before making an <br> investment decision.<br> See *Principal Risks.*<br>|
| **What Are the Risks** <br> **Related to the Insurance** <br> **Company?**<br>| &nbsp;&nbsp; Investment in the contract is subject to the risks associated with Nationwide, including that <br> any obligations (including interest payable for allocations to the Fixed Account and <br> Guaranteed Term Options), guarantees, or benefits are subject to the claims-paying ability <br> of Nationwide. More information about Nationwide, including its financial strength ratings, <br> is available by contacting Nationwide at the address and/or toll-free phone number <br> indicated in *Contacting the Service Center* (see *Principal Risks*).<br>|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There Restrictions** <br> **on the Investment** <br> **Options?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● Nationwide reserves the right to add, remove, and substitute investment options <br> available under the contract (see *The Sub-Accounts and Underlying Mutual Funds*).<br> ● Allocations to the Fixed Account may not be transferred to another investment option <br> except at the end of a Fixed Account interest rate guarantee period (see *The Fixed* <br> *Account).*<br> ● Allocations to the Guaranteed Term Options that are transferred to another investment <br> option prior to maturity are subject to a market value adjustment (see *Guaranteed Term* <br> *Options*).<br> ● Allocations to the Guaranteed Term Options may not be transferred to another available <br> investment option during the Capital Preservation Plus program period (see *Capital* <br> *Preservation Plus Option*).<br> ● Not all investment options may be available under your contract (see *Appendix A:* <br> *Investment Options Available Under the Contract*).<br> ● Transfers between Sub-Accounts are subject to policies designed to deter short-term <br> and excessively frequent transfers. Nationwide may restrict the form in which transfer <br> requests will be accepted (see *Transfer Restrictions*).<br> ● The availability of investment options may vary depending on the broker-dealer through <br> which the contract is sold (see *Appendix H: Financial Intermediary Variations*).<br>|

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| | |
|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There any** <br> **Restrictions on Contract** <br> **Benefits?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● Certain optional benefits limit or restrict the investment options available for investment.<br> ● Nationwide reserves the right to discontinue offering any optional benefit. Such a <br> discontinuance will only apply to new contracts and will not impact any contracts already <br> in force.<br> ● The availability of contract benefits may vary depending on the broker-dealer through <br> which the contract is sold (see *Appendix H: Financial Intermediary Variations*).<br> See *Benefits Under the Contract.*<br>|
| **TAXES** | **TAXES** |
| **What Are the Contract's** <br> **Tax Implications?**<br>| &nbsp;&nbsp;&nbsp; ● Consult with a tax professional to determine the tax implications of an investment in and <br> payments received under this contract.<br> ● If the contract is purchased through a tax-qualified plan or IRA, there is no additional tax <br> deferral.<br> ● Earnings in the contract are taxed at ordinary income tax rates at the time of <br> withdrawals and there may be a tax penalty if withdrawals are taken before the Contract <br> Owner reaches age 59½.<br> See *Appendix B: Contract Types and Tax Information.*<br>|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| **How Are Investment** <br> **Professionals** <br> **Compensated?**<br>| &nbsp;&nbsp; Some financial professionals receive compensation for selling the contract. Compensation <br> can take the form of commissions and other indirect compensation in that Nationwide may <br> share the revenue it earns on this contract with the financial professional's firm. This <br> conflict of interest may influence a financial professional, as these financial professionals <br> may have a financial incentive to offer or recommend this contract over another investment <br> (see *Distribution, Promotional, and Sales Expenses).*<br>|
| **Should I Exchange My** <br> **Contract?**<br>| &nbsp;&nbsp; Some financial professionals may have a financial incentive to offer an investor a new <br> contract in place of the one he/she already owns. An investor should only exchange his/her <br> contract if he/she determines, after comparing the features, fees, and risks of both <br> contracts, and any fees or penalties to terminate the existing contract, that it is preferable <br> for him/her to purchase the new contract, rather than to continue to own the existing one <br> (see *Replacements* and *Distribution, Promotional, and Sales Expenses*).<br>|

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**Fee Table** 

**The following tables describe the fees, expenses, and adjustments that a Contract Owner will pay when buying, owning, and surrendering or making withdrawals from an investment option or from the contract. Please refer to the contract specifications page for information about the specific fees the Contract Owner will pay each year based on the options elected.** 

**The first table describes the fees and expenses a Contract Owner will pay at the time the Contract Owner buys the contract, surrenders or makes withdrawals from an investment option or from the contract, or transfers Contract Value between investment options. State premium taxes may also be deducted.** 

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| | |
|:---|:---|
| **Transaction Expenses** | **Transaction Expenses** |
| **Maximum Contingent Deferred Sales Charge** ("CDSC") (as a percentage of purchase payments surrendered) | 7% |

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Range of CDSC over time:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of** <br> **Purchase Payment**<br>| **0** | **1** | **2** | **3** | **4** | **5** | **6** | **7** |
| **CDSC Percentage** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **6%** | &nbsp;&nbsp; **5%** | &nbsp;&nbsp; **4%** | &nbsp;&nbsp; **3%** | &nbsp;&nbsp; **2%** | &nbsp;&nbsp; **0%** |

---

Some state jurisdictions require a lower CDSC schedule. Refer to your contract for state specific information.

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| | |
|:---|:---|
| **Loan Processing Fee** | $25<sup>1</sup> <br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**The next table describes the adjustments, in addition to any transaction expenses, that apply if all or a portion of the Contract Value is removed from an investment option or from the contract before the expiration of a specified period.** 

---

| | |
|:---|:---|
| **Adjustments** | **Adjustments** |
| **Market Value Adjustment Maximum Potential Loss**<sup>1</sup> (as a percentage of the Contract Value) | 100% |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> A market value adjust applies to any withdrawal or transfer from a Guaranteed Term Option prior to its maturity date, including to annuitize the contract. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit.

**The next table describes the fees and expenses that a Contract Owner will pay *each year* during the time that the Contract Owner owns the contract (not including underlying mutual fund fees and expenses). If an optional benefit is elected, an additional charge will be assessed, as shown below** 

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| | |
|:---|:---|
| **Annual Contract Expenses** | **Annual Contract Expenses** |
| **Annual Loan Interest Charge** (assessed as a reduction to the credited interest rate) | 2.25%<sup>2</sup> <br>|
| **Base Contract Expenses**<sup>3</sup> (assessed as an annualized percentage of Daily Net Assets)  | 0.95% |
| **Optional Benefit Expenses**<sup>4</sup> (assessed as an annualized percentage of Daily Net Assets) |  |
| **Reduced Purchase Payment Option Charge** | 0.25%<sup>5</sup> <br>|
| **Five Year CDSC Option Charge** | 0.15%<sup>6</sup> <br>|
| **CDSC Waiver Options** |  |
| **Additional Withdrawal Without Charge and Disability Waiver Charge** | 0.10%<sup>7</sup> <br>|
| **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** |  |
| &nbsp;&nbsp; **One-Year Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection** <br> **Option Charge**<sup>8</sup> (available beginning January 2, 2001 or a later date if state law requires)<br>| 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **One-Year Step Up Death Benefit Option Charge**<sup>9</sup> (available until state approval is received for the One-Year <br> Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection Option)<br>| 0.05% |
| &nbsp;&nbsp; **Greater of One-Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and** <br> **Spousal Protection Option Charge**<sup>10</sup> (available beginning January 2, 2001 or a later date if state law requires)<br>| 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **5% Enhanced Death Benefit Option Charge**<sup>11</sup> (available until state approval is received for the Greater of One-<br> Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection <br> Option)<br>| 0.10% |
| **Guaranteed Minimum Income Benefit Options** (no longer available) |  |
| **Guaranteed Minimum Income Benefit Option 1 Charge** | 0.45% |

---

------

---

| | |
|:---|:---|
| **Annual Contract Expenses** | **Annual Contract Expenses** |
| **Guaranteed Minimum Income Benefit Option 2 Charge** | &nbsp;&nbsp; 0.30% |
| **Extra Value Option Charge** | 0.45%<sup>12</sup> <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account and the <br> Guaranteed Term Options for the first 7 Contract Years will be assessed a fee of 0.45%.<br>|  |
| **Beneficiary Protector Option Charge**<sup>13</sup> | &nbsp;&nbsp; 0.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account or to the <br> Guaranteed Term Options will be assessed a fee of 0.40%.<br>|  |
| **Capital Preservation Plus Option Charge** | 0.50%<sup>14</sup> <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Guaranteed Term <br> Options or Target Term Options will be assessed a fee of 0.50%.<br>|  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup>

Nationwide assesses a Loan Processing Fee at the time each new loan is processed. Loans are only available for contracts issued as Tax Sheltered Annuities.

<sup>2</sup>

The loan interest rate is determined, based on market conditions, at the time of loan application or issuance. The loan balance in the collateral Fixed Account is credited with interest at 2.25% less than the loan interest rate. Thus, the net loan interest charge is 2.25%, which is applied against the outstanding balance.

<sup>3</sup>

Throughout this prospectus, the Base Contract Expenses will be referred to as Mortality and Expense Risk Charge.

<sup>4</sup>

Unless otherwise indicated, charges for optional benefits are only assessed prior to the Annuitization Date (see *Charges and Adjustments*).

<sup>5</sup>

If this option is elected, Nationwide will lower an applicant's minimum initial purchase payment to $1,000 and subsequent purchase payments to $25. This option is not available to contracts issued as Investment-Only Contracts.

<sup>6</sup>

Range of Five Year CDSC over time:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5** |
| **CDSC Percentage** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **6%** | &nbsp;&nbsp; **4%** | &nbsp;&nbsp; **2%** | &nbsp;&nbsp; **0%** |

---

For contracts issued in the State of New York, this option is available only for contracts issued as Roth IRAs and is not available when the Extra Value Option is elected.

<sup>7</sup>

If this option is elected, the applicant will receive an additional 5% CDSC-free withdrawal privilege, which also includes a disability waiver. This 5% is in addition to the standard 10% CDSC-free withdrawal privilege that applies to every contract.

<sup>8</sup>

This option may not be elected with another death benefit option.

<sup>9</sup>

This option may be elected alone or along with the 5% Enhanced Death Benefit Option. If both options are elected, the death benefit will be the greater of the two options.

<sup>10</sup>

This option may not be elected with another death benefit option.

<sup>11</sup>

This option may be elected alone or along with One-Year Step Up Death Benefit Option. If both options are elected, the death benefit will be the greater of the two options.

<sup>12</sup>

Nationwide will discontinue deducting the charge associated with the Extra Value Option seven years from the date the contract was issued. Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Contract Owner elects or has elected the Extra Value Option.

<sup>13</sup>

The Beneficiary Protector Option is available for contracts with Annuitants age 70 or younger at the time the option is elected.

<sup>14</sup>

The Capital Preservation Plus Option may only be elected at the time of application. Nationwide will discontinue deducting the charges associated with the Capital Preservation Plus Option at the end of the Guaranteed Term Option/Target Term Option that corresponds to the end of the program period elected by the Contract Owner.

**The next item shows the minimum and maximum total operating expenses charged by the underlying mutual funds that the Contract Owner may pay periodically during the life of the contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of the underlying mutual funds available under the contract, including their annual expenses, may be found in *Appendix A: Investment Options Available Under the Contract*.** 

---

| | | |
|:---|:---|:---|
| **Annual Underlying Mutual Fund Expenses** | **Annual Underlying Mutual Fund Expenses** | **Annual Underlying Mutual Fund Expenses** |
|  | **Minimum** | **Maximum** |
| (Expenses that are deducted from underlying mutual fund assets, including <br> management fees, distribution and/or service (12b-1) fees, and other expenses, as a <br> percentage of average underlying mutual fund net assets.)<br>| 0.72% | 1.31% |

---

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**Example** 

**This Example is intended to help Contract Owners compare the cost of investing in the Sub-Accounts with the cost of investing in other annuity contracts that offer variable investment options. These costs include transaction expenses, annual contract expenses, and annual underlying mutual fund expenses. This Example assumes all Contract Value is allocated to the Sub-Accounts. Costs could differ from those shown below if Contract Value is allocated to the Fixed Account and/or a Guaranteed Term Option.** 

The Example assumes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a $100,000 investment in the contract for the time periods indicated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a 5% return each year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the seven year CDSC schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no market value adjustment is assessed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the maximum and the minimum fees and expenses of any of the underlying mutual funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable Account charges that reflect the most expensive combination of optional benefits available for an additional charge (3.65%). Specifically:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reduced Purchase Payment Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Five Year CDSC Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Additional Withdrawal Without Charge and Disability Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10 Year and Disability Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hardship Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Greater of One-Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guaranteed Minimum Income Benefit Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Extra Value Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Beneficiary Protector Option, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Capital Preservation Plus Option

Although your actual costs may be higher or lower, based on these assumptions, your costs would be.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** |
|  | **1 Yr.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** | **1 Yr.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** |
| &nbsp;&nbsp;&nbsp; Maximum <br> Annual <br> Underlying <br> Mutual Fund <br> Expenses <br> (1.31%)<br>| &nbsp;&nbsp; $12208 | &nbsp;&nbsp; $20592 | &nbsp;&nbsp; $28932 | &nbsp;&nbsp; $51595<br> &nbsp;&nbsp; \* | &nbsp;&nbsp; $15592 | &nbsp;&nbsp; $25932 | &nbsp;&nbsp; $51595 | &nbsp;&nbsp; $5208 | &nbsp;&nbsp; $15592 | &nbsp;&nbsp; $25932 | &nbsp;&nbsp; $51595 |
| &nbsp;&nbsp;&nbsp; Minimum <br> Annual <br> Underlying <br> Mutual Fund <br> Expenses <br> (0.72%)<br>| &nbsp;&nbsp; $11589 | &nbsp;&nbsp; $18822 | &nbsp;&nbsp; $26132 | &nbsp;&nbsp; $46744<br> &nbsp;&nbsp; \* | &nbsp;&nbsp; $13822 | &nbsp;&nbsp; $23132 | &nbsp;&nbsp; $46744 | &nbsp;&nbsp; $4589 | &nbsp;&nbsp; $13822 | &nbsp;&nbsp; $23132 | &nbsp;&nbsp; $46744 |

---

\*

The contracts sold under this prospectus do not permit annuitization during the first two Contract Years.

**Principal Risks** 

Contract Owners should be aware of the following risks associated with owning the contract:

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**Risk of loss.** The Sub-Accounts invest in underlying mutual funds. Underlying mutual funds are variable investments, meaning their value will increase or decrease based on the performance of their portfolio holdings. Poor underlying mutual fund performance can result in a loss of Contract Value and/or principal.

**Not a short-term investment.** In general, deferred variable annuities are long-term investments; they are not suitable as short-term savings vehicles. Nationwide has designed the contract to offer features, pricing, and investment options that encourage long-term ownership. Specifically:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A Contract Owner who takes withdrawals from the contract within seven years of purchasing the contract or making a purchase payment could be subject to a CDSC, which in the short-term will reduce Contract Value or the amount payable to you, and in the long-term will reduce the ability of the Contract Value to grow over time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A Contract Owner who takes withdrawals from the contract before reaching age 59 1/2 could be subject to tax penalties that are mandated by the federal tax laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A withdrawal or transfer from a GTO prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

**Investment option availability.** Nationwide reserves the right to change the Sub-Accounts available under the contract, including adding new Sub-Accounts, and discontinuing availability of Sub-Accounts. Nationwide reserves the right to limit or refuse purchase payments and/or transfers allocated to the Fixed Account at its sole discretion. Nationwide also reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guarantee period. Decisions to make such changes are at Nationwide's discretion but will be in accordance with Nationwide's internal policies and procedures relating to such matters. Any changes to the availability of investment options may be subject to regulatory approval and notice will be provided.

**Investment option restrictions.** Certain options available under the contract impose restrictions on which investment options are available for investment and/or the portion of total Contract Value that is permitted to be allocated to certain investment options. These restrictions are imposed by Nationwide and depend on each investment option's risk characteristics. The permitted investment options are more conservative than those that are not permitted. This helps Nationwide manage its obligation to provide the Contract Owners with guarantees. By electing an optional benefit and accepting the limited menu of investment options, Contract Owners may be foregoing investment gains that could otherwise be realized by investing in riskier investment options that are not available under the optional benefit.

**Purchase payment restrictions.** A Contract Owner's ability to make subsequent purchase payments is subject to limitations under the contract, and may be subject to additional limitations under an optional benefit. Restrictions on subsequent purchase payments may limit a Contract Owner's ability to increase the value of the contract and its benefits through additional investments.

**Extra Value Option risk.** Certain optional benefits apply bonus credits to the contract. The bonus credits increase Contract Value which will increase the total dollar amount of fees that Nationwide collects. Nationwide may make a profit from the additional charges and over time, the benefit of the bonus credits could be more than offset by the additional charges assessed to the contract. Additionally, the recapture of the bonus credits (in the event of a withdrawal) could exceed any benefit of receiving the bonus credits.

**Active trading.** Neither the contracts described in this prospectus nor the underlying mutual funds are designed to support active trading strategies that require frequent movement between or among Sub-Accounts. Nationwide discourages (and will take action to deter) short-term trading in this contract because the frequent movement between or among Sub-Accounts may negatively impact other investors in the contract. In certain circumstances, to address active trading, Nationwide may require transfer requests to be submitted via U.S. mail. Additionally, underlying mutual funds are required to take certain actions in order to protect shareholders from negative impacts of short-term trading, which may include requiring Nationwide to prohibit particular Contract Owners from investing in a Sub-Account that invests in the impacted underlying mutual fund.

**Financial strength.** Contractual guarantees that exceed the value of the assets in the Variable Account (including death benefit guarantees that exceed the Contract Value and interest credited to Fixed Account and Guaranteed Term Option allocations are paid from Nationwide's general account, which is subject to Nationwide's financial strength and claims-paying ability. If Nationwide experiences financial distress, it may not be able to meet its obligations.

------

**Regulatory risk.** The contract is governed by various state and federal laws and regulations, which are subject to change. Those changes could require Nationwide to make changes to the contract that alter the nature or value of certain benefits. Additionally, changes to the tax laws or regulations could limit or eliminate the tax benefits of the contract, resulting in greater tax liability or less earnings.

**Cybersecurity**. Nationwide's businesses are highly dependent upon its computer systems and those of its business partners and service providers. This makes Nationwide potentially susceptible to operational and information security risks resulting from a cybersecurity incident. These risks include direct risks, such as theft, misuse, corruption, and destruction of data maintained by Nationwide, and indirect risks, such as denial of service, attacks on systems or websites and other operational disruptions that could severely impede Nationwide's ability to conduct its businesses or administer the contract (e.g., calculate unit values or process transactions).

Financial services companies and their third-party service providers are increasingly the targets of cyber-attacks. The techniques used to attack systems and networks change frequently and are becoming more sophisticated, including through the use of artificial intelligence (AI) and AI-powered tools.

Cyber-attacks affecting Nationwide, the underlying mutual funds, intermediaries, and other service providers may adversely affect Nationwide and contract values. Cybersecurity risks may also impact the issuers of securities in which the underlying mutual funds invest, which may cause the underlying mutual funds to lose value. Although Nationwide undertakes substantial efforts to protect its computer systems from cyber-attacks, there can be no guarantee that Nationwide, its service providers, intermediaries, or the underlying mutual funds will be able to avoid or readily detect cybersecurity incidents affecting Contract Owners in the future.

In the event that contract administration or contract values are adversely affected as a result of a failure of Nationwide's cybersecurity controls, Nationwide will take reasonable steps to take corrective action and restore Contract Values to the levels that they would have been had the cybersecurity incident not occurred. Nationwide will not, however, be responsible for any adverse impact to contracts or contract values that result from the Contract Owner or its designee's negligent acts or failure to use reasonably appropriate safeguards to protect against cyber-attacks or to protect personal information.

**Business continuity risks.** Nationwide is exposed to risks related to natural and man-made disasters, such as storms, fires, earthquakes, public health crises, geopolitical disputes, military actions, and terrorist acts, which could adversely affect Nationwide's ability to administer the contract. Nationwide has adopted business continuity policies and procedures that may be implemented in the event of a natural or man-made disaster, but such business continuity plans may not operate as intended or fully mitigate the operational risks associated with such disasters.

Nationwide outsources certain critical business functions to third parties and, in the event of a natural or man-made disaster, relies upon the successful implementation and execution of the business continuity planning of such entities. While Nationwide closely monitors the business continuity activities of these third parties, successful implementation and execution of their business continuity strategies are largely beyond Nationwide's control. If one or more of the third parties to whom Nationwide outsources such critical business functions experience operational failures, Nationwide's ability to administer the contract could be impaired.

**Nationwide and the Variable Account** 

The contract is issued by Nationwide, with its home office at One Nationwide Plaza, Columbus, Ohio 43215. Nationwide Variable Account-9 is a separate account of Nationwide that invests in the underlying mutual funds listed in *Appendix A: Investment Options Available Under the Contract*. Income, gains, and losses credited to or charged against the Variable Account reflect the Variable Account's own investment experience and not the investment experience of Nationwide's other assets. The Variable Account's assets are held separately from General Account assets and may not be used to pay any liabilities of Nationwide other than those arising from the contract or other contracts supported by the Variable Account. The Variable Account is divided into Sub-Accounts, each of which invests in shares of a single underlying mutual fund.

Nationwide is obligated to pay all amounts promised to investors under the contracts. All guarantees under the contract are subject to Nationwide's creditworthiness and claims-paying ability.

The contracts are distributed by the general distributor, Nationwide Investment Services Corporation ("NISC"), One Nationwide Plaza, Columbus, Ohio 43215. NISC is a wholly-owned subsidiary of Nationwide.

------

**Investment Options**

**The Sub-Accounts and Underlying Mutual Funds** 

Contract Value allocated to a Sub-Account will vary based on the investment experience of the corresponding underlying mutual fund in which the Sub-Account invests. There is a risk of loss of the entire amount invested.

The Contract Owner can allocate Contract Value to Sub-Accounts of the Variable Account, subject to conditions in the contract and underlying mutual funds. Each Sub-Account invests in shares of a single underlying mutual fund. Nationwide uses the assets of each Sub-Account to buy shares of the underlying mutual funds based on Contract Owner instructions. Nationwide buys and sells the mutual fund shares at their respective net asset value (NAV). Any dividends and distributions from a mutual fund are reinvested at NAV in shares of that mutual fund.

Information about each underlying mutual fund, including its name, type, adviser and subadviser (if applicable), current expenses, and performance, is available in *Appendix A: Investment Options Available Under the Contract*. Each underlying mutual fund issues its own prospectus that contains more detailed information about the underlying mutual fund. **Contract Owners can obtain prospectuses for underlying mutual funds free of charge at any time by visiting the website listed in *Appendix A: Investment Options Available Under the Contract* or contacting the Service Center (see *Contacting the Service Center*). Contract Owners should read these prospectuses carefully before investing.**

*Underlying mutual funds in the Variable Account are NOT publicly available mutual funds.* They are only available as investment options in variable life insurance policies or variable annuity contracts issued by life insurance companies, or in some cases, through participation in certain qualified pension or retirement plans.

The investment advisers of the underlying mutual funds may manage publicly available mutual funds with similar names and investment objectives. However, the underlying mutual funds are NOT the same as any publicly available mutual fund. Contract Owners should not compare the performance of a publicly available fund with the performance of underlying mutual funds participating in the Variable Account. The performance of the underlying mutual funds could differ substantially from that of any publicly available funds.

The particular underlying mutual funds available under the contract may change from time to time. Specifically, underlying mutual funds or underlying mutual fund share classes that are currently available may be removed or closed off to future investment. New underlying mutual funds or new share classes of currently available underlying mutual funds may be added. Contract Owners will receive notice of any such changes that affect their contract. The underlying mutual funds, which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreements and discontinue offering their shares to the Sub-Accounts.

In the future, additional underlying mutual funds managed by certain financial institutions, brokerage firms, or their affiliates may be added to the Variable Account. These additional underlying mutual funds may be offered exclusively to purchasing customers of the particular financial institution or brokerage firm, or through other exclusive distribution arrangements.

***Voting Rights*** 

Contract Owners are not shareholders of the underlying mutual funds in which the Sub-Accounts invest; however, Contract Owners with assets allocated to Sub-Accounts are entitled to certain voting rights. Nationwide will vote underlying mutual fund shares at shareholder meetings based on Contract Owner instructions and the instructions of owners of other contracts supported by the Variable Account. However, if the law changes and Nationwide is allowed to vote in its own right, it may elect to do so.

Contract Owners with voting interests in an underlying mutual fund will be notified of issues requiring shareholder vote as soon as possible before the shareholder meeting. Notification will contain proxy materials and a form with which to give Nationwide voting instructions. Nationwide will vote shares for which no instructions are received in the same proportion as those that are received. What this means is that when only a small number of Contract Owners vote, each vote has a greater impact on, and may control, the outcome.

The number of shares which a Contract Owner may vote is determined by dividing the cash value of the amount they have allocated to an underlying mutual fund by the Net Asset Value of that underlying mutual fund (as of a date set by the underlying mutual fund).

------

***Material Conflicts*** 

The underlying mutual funds may be offered through separate accounts of other insurance companies, as well as through other separate accounts of Nationwide. Nationwide does not anticipate any disadvantages to this. However, it is possible that a conflict may arise between the interests of the Variable Account and one or more of the other separate accounts in which these underlying mutual funds participate.

Material conflicts may occur due to a change in law affecting the operations of variable life insurance policies and variable annuity contracts, or differences in the voting instructions of the Contract Owners and those of other companies. If a material conflict occurs, Nationwide will take whatever steps are necessary to protect Contract Owners and variable annuity payees, including withdrawal of the Variable Account from participation in the underlying mutual fund(s) involved in the conflict.

***Substitution of Securities*** 

Nationwide may substitute shares of another underlying mutual fund for shares already purchased or to be purchased in the future if either of the following occurs:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) shares of a current underlying mutual fund are no longer available for investment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) further investment in an underlying mutual fund is inappropriate.

Nationwide will not substitute shares of any underlying mutual fund in which the Sub-Accounts invest without any necessary prior approval of the appropriate state or federal regulatory authorities. All affected Contract Owners will be notified in the event there is a substitution, elimination, or combination of shares.

The substitute underlying mutual fund may have different fees and expenses. Substitution may be made with respect to existing investments or the investment of future purchase payments, or both. Nationwide may close Sub-Accounts to allocations of purchase payments or Contract Value, or both, at any time in its sole discretion. The underlying mutual funds, which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreements and discontinue offering their shares to the Sub-Accounts.

***Deregistration of the Variable Account*** 

Nationwide may deregister the Variable Account under the 1940 Act in the event the Variable Account meets an exemption from registration under the 1940 Act, if there are no outstanding contracts supported by the Variable Account, or for any other purpose approved by the SEC.

No deregistration may take place without the prior approval of the SEC. All affected Contract Owners will be notified in the event Nationwide deregisters the Variable Account. If the Variable Account is deregistered, Nationwide's contractual obligations to the Contract Owner will continue.

**The Fixed Account** 

The Contract Owner can allocate Contract Value to the Fixed Account, subject to conditions imposed by the contract. The Fixed Account is an investment option that is funded by assets of Nationwide's General Account. The General Account contains all of Nationwide's assets other than those in the Variable Account and other Nationwide separate accounts and is used to support Nationwide's annuity and insurance obligations. The General Account is not subject to the same laws as the Variable Account.

Information regarding the Fixed Account, including (i) its name; (ii) interest rate guarantee period; and (iii) its minimum guaranteed interest rate, is available in *Appendix A: Investment Options Available Under the Contract.* 

Purchase payments will be allocated to the Fixed Account by election of the Contract Owner. Nationwide reserves the right to limit or refuse purchase payments and/or transfers allocated to the Fixed Account at its sole discretion. Generally, Nationwide will invoke this right when interest rates are low by historical standards. Nationwide also reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guaranteed period. State law requires Nationwide to reserve the right to postpone payment or transfer out of the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request. The Fixed Account may not be available in every state.

Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Extra Value Option is elected. These restrictions may be imposed at Nationwide's sole discretion when economic conditions are such that Nationwide is unable to recoup the cost of providing the up-front Extra Value Option credits.

------

The investment income earned by the Fixed Account will be allocated to the contracts at varying guaranteed interest rate(s) depending on the following categories of Fixed Account allocations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New Money Rate – The rate credited on the Fixed Account allocation when the contract is purchased or when subsequent purchase payments are made. Subsequent purchase payments may receive different New Money Rates than the rate when the contract was issued, since the New Money Rate is subject to change based on market conditions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable Account to Fixed Rate – Allocations transferred from any of the Sub-Accounts to the Fixed Account may receive a different rate. The rate may be lower than the New Money Rate. There may be limits on the amount and frequency of movements from the Sub-Accounts to the Fixed Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Renewal Rate – The rate available for maturing Fixed Account allocations which are entering a new guarantee period. The Contract Owner will be notified of this rate in a letter issued with the quarterly statements when a Contract Owner's Fixed Account allocation matures. At that time, the Contract Owner will have an opportunity to leave the money in the Fixed Account and receive the Renewal Rate or the Contract Owner can move the money to any of the other investment options. If no instruction is received by Nationwide, the Contract Owner will remain invested in the Fixed Account and will receive the Renewal Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Dollar Cost Averaging Rate – From time to time, Nationwide may offer a more favorable rate for an initial purchase payment into a new contract when used in conjunction with a Dollar Cost Averaging program. Rates will vary depending on the Dollar Cost Averaging program elected (see *Contract Owner Services*).

All of these rates are subject to change on a daily basis; however, once applied to the Fixed Account, the interest rates are guaranteed until the end of the calendar quarter during which the 12-month anniversary of the Fixed Account allocation occurs.

Credited interest rates are annualized rates – the effective yield of interest over a one-year period. Interest is credited to each contract on a daily basis. As a result, the credited interest rate is compounded daily to achieve the stated effective yield.

The guaranteed rate for any purchase payment will be effective for not less than 12 months. Nationwide guarantees that the rate will not be less than 1.50% per year. Contracts may be subject to a higher minimum guaranteed interest rate based on the date the contract was issued and/or state of issue. Any interest in excess of the minimum interest rate will be credited to Fixed Account allocations at Nationwide's sole discretion.

Nationwide guarantees that the value of Fixed Account allocations will not be less than the amount of the purchase payments and Extra Value Option credits allocated to the Fixed Account, plus interest credited as described above, less any withdrawals, Extra Value Option credits recaptured, and any applicable charges including CDSC.

***Fixed Account Interest Rate Guarantee Period*** 

The Fixed Account interest rate guarantee period is the period of time that the Fixed Account interest rate is guaranteed to remain the same. During a Fixed Account interest rate guarantee period, transfers cannot be made from the Fixed Account, and amounts transferred to the Fixed Account must remain on deposit.

For new purchase payments allocated to the Fixed Account and transfers to the Fixed Account, the Fixed Account interest rate guarantee period begins on the date of deposit or transfer and ends on the one-year anniversary of the deposit or transfer. The guaranteed interest rate period may last for up to three months beyond the one-year anniversary because guaranteed terms end on the last day of a calendar quarter.

***Fixed Account Charges Assessed for Certain Optional Benefits*** 

All interest rates credited to the Fixed Account will be determined as previously described. However, for contracts with certain optional benefits elected, a charge is assessed to assets allocated to the Fixed Account by reducing the interest crediting rate. Consequently, the charge assessed for the optional benefit will result in a lower credited interest rate (reduced by the amount of the charge).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Beneficiary Protector Option has a Fixed Account charge equal to 0.40%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Extra Value Option has a Fixed Account charge equal to 0.45% for the first seven Contract Years.

Even if the credited interest rate is reduced by an optional benefit charge, Nationwide guarantees that the interest rate credited to any assets in the Fixed Account will never be less than the minimum interest rate.

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**Guaranteed Term Options** 

Guaranteed Term Options or GTOs are separate investment options under the contract. Effective May 1, 2025, GTOs are not available to receive new allocations, transfers, or renewals. The minimum amount that may be allocated to a GTO is $1,000. Allocations to a Guaranteed Term Option are held in a separate account, established by Nationwide pursuant to Ohio law, to aid in the reserving and accounting for Guaranteed Term Option obligations. The separate account's assets are held separately from Nationwide's other assets and are not chargeable with liabilities incurred in any other business of Nationwide. However, Nationwide's General Account assets are available for the purpose of meeting the guarantees of any Guaranteed Term Option, subject to Nationwide's claims-paying ability. A Guaranteed Term Option prospectus should be read along with this prospectus. Guaranteed Term Options may not be available in every state.

Guaranteed Term Options provide a guaranteed rate of interest over four different maturity durations: three (3), five (5), seven (7) or ten (10) years. **Note:** The guaranteed term may last for up to three months beyond the 3, 5, 7, or 10-year period since every guaranteed term will end on the final day of a calendar quarter.

For the duration selected, Nationwide will declare a guaranteed interest rate. The guaranteed interest rate will be credited to amounts allocated to the Guaranteed Term Option unless the Contract Owner takes a withdrawal from their GTO allocation before the maturity date. Nationwide guarantees that the guaranteed interest rate will not be less than 0.00% per year.

A withdrawal or transfer from a GTO prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. A market value adjustment can increase or decrease the amount withdrawn depending on fluctuations in constant maturity treasury rates. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred. No market value adjustment will be applied if Guaranteed Term Option allocations are held to maturity.

Because a market value adjustment can affect the value of a withdrawal, its effects should be carefully considered before surrendering or transferring from Guaranteed Term Options. Contact the Service Center for additional information on the GTOs.

Information regarding each Guaranteed Term Option, including (i) its name; (ii) interest rate guarantee period; and (iii) its minimum guaranteed interest rate, is available in *Appendix A: Investment Options Available Under the Contract*.

***Target Term Options*** 

Due to certain state requirements, in some states, Nationwide uses Target Term Options instead of Guaranteed Term Options in connection with the Capital Preservation Plus Option. Target Term Options are not available separate from the Capital Preservation Plus Option.

For all material purposes, Guaranteed Term Options and Target Term Options are the same. Target Term Options are managed and administered identically to Guaranteed Term Options. The distinction is that the interest rate associated with Target Term Options is not guaranteed as it is in Guaranteed Term Options. However, because the options are managed and administered identically, the result to the investor is the same.

All references in this prospectus to Guaranteed Term Options in connection with the Capital Preservation Plus Option will also mean Target Term Options (in applicable jurisdictions). Contact the Service Center for more information on the Guaranteed Term Options.

***GTO Charges Assessed for Certain Optional Benefits*** 

For contracts with certain optional benefits elected, a charge is assessed to assets allocated to the Guaranteed Term Options by reducing the guaranteed rate of return. Consequently, the charge assessed for the optional benefit will result in a lower guaranteed rate of return (reduced by the amount of the charge).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Extra Value Option has a GTO charge equal to 0.45% for the first seven Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Beneficiary Protector Option has a GTO charge equal to 0.40%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Capital Preservation Plus Option has a GTO charge equal to 0.50%.

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**Contacting the Service Center** 

All inquiries, paperwork, information requests, service requests, and transaction requests should be made to the Service Center:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by telephone at 1-800-848-6331 (TDD 1-800-238-3035)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by mail to P.O. Box 182021, Columbus, Ohio 43218-2021

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by fax at 1-888-634-4472

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by Internet at www.nationwide.com.

Nationwide reserves the right to restrict or remove the ability to submit service requests via Internet, phone, or fax upon written notice.

Not all methods of communication are available for all types of requests. To determine which methods are permitted for a particular request, refer to the specific transaction provision in this prospectus or call the Service Center. Requests submitted by means other than described in this prospectus could be returned or delayed.

Service and transaction requests will generally be processed on the Valuation Date they are received at the Service Center as long as the request is in good order, see *Operation of the Contract*. Good order generally means that all necessary information to process the request is complete and in a form acceptable to Nationwide. If a request is not in good order, Nationwide will take reasonable actions to obtain the information necessary to process the request. Requests that are not in good order may be delayed or returned. Nationwide reserves the right to process any purchase payment or withdrawal request sent to a location other than the Service Center on the Valuation Date it is received at the Service Center. On any day the post office is closed, Nationwide is unable to retrieve service and transaction requests that are submitted by mail. This will result in a delay of the delivery of those requests to the Service Center.

Nationwide will use reasonable procedures to confirm that instructions are genuine and will not be liable for following instructions that it reasonably determined to be genuine. Nationwide may record telephone requests. Telephone and computer systems may not always be available. Any telephone system or computer can experience outages or slowdowns for a variety of reasons. The outages or slowdowns could prevent or delay processing. Although Nationwide has taken precautions to support heavy use, it is still possible to incur an outage or delay. To avoid technical difficulties, submit transaction requests by mail.

**Charges and Adjustments**

**Mortality and Expense Risk Charge**

Nationwide deducts a Mortality and Expense Risk Charge equal to an annualized rate of 0.95% of the Daily Net Assets. The Mortality and Expense Risk Charge compensates Nationwide for providing the insurance benefits under the contract, including the contract's standard death benefit. It also compensates Nationwide for assuming the risk that Annuitants will live longer than assumed. Finally, the Mortality and Expense Risk Charge compensates Nationwide for guaranteeing that charges will not increase regardless of actual expenses. Nationwide may realize a profit from this charge.

**Contingent Deferred Sales Charge**

No sales charge deduction is made from purchase payments upon deposit into the contract. However, if any part of the contract is withdrawn, Nationwide may deduct a CDSC. The CDSC will not exceed 7% of purchase payments withdrawn.

The CDSC is calculated by multiplying the applicable CDSC percentage (noted in the following table) by the amount of purchase payments withdrawn. For purposes of calculating the CDSC, withdrawals are considered to come first from the oldest purchase payment made to the contract, then the next oldest purchase payment, and so forth. CDSC provisions vary by state. Refer to the contract for state specific information.

The CDSC applies as follows:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5** | **6** | **7+** |
| CDSC Percentage | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 5% | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 3% | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 0% |

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Earnings are not subject to the CDSC, but may not be distributed prior to the distribution of all purchase payments. (For tax purposes, a withdrawal is usually treated as a withdrawal of earnings first.)

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The CDSC is used to cover sales expenses, including commissions, production of sales material, and other promotional expenses. If expenses are greater than the CDSC, the shortfall will be made up from Nationwide's general assets, which may indirectly include portions of the Variable Account charges, since Nationwide may generate a profit from these charges.

All or a portion of any withdrawal may be subject to federal income taxes. Contract Owners taking withdrawals before age 59½ may be subject to a 10% penalty tax.

Additional purchase payments applied to the contract after receiving the benefit associated with the Spousal Protection Feature are subject to the CDSC provisions of the contract. However, no CDSC will apply to purchase payments applied to the contract before the death of the first spouse.

***Waiver of Contingent Deferred Sales Charge***

The maximum amount that can be withdrawn annually without a CDSC is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 10% of purchase payments that are still subject to CDSC (which is equal to the total purchase payments subject to CDSC minus purchase payments previously withdrawn that were subject to CDSC) ; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) any amount withdrawn to meet minimum distribution requirements for this contract under the Internal Revenue Code.

This CDSC-free withdrawal privilege is non-cumulative. Free amounts not taken during any given Contract Year cannot be taken as free amounts in a subsequent Contract Year.

**Note:** CDSC-free withdrawals do not count as "purchase payments previously withdrawn that were subject to CDSC" and, therefore, do not reduce the amount used to calculate subsequent CDSC-free withdrawal amounts.

In addition, no CDSC will be deducted:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) upon the annuitization of contracts which have been in force for at least two years;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) upon payment of a death benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) from any values which have been held under a contract for at least seven years (five years if the Five-Year CDSC is elected); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) if an optional death benefit is elected and the conditions described in the Long-Term Care/Nursing Home and Terminal Illness Waiver section are met.

No CDSC applies to transfers between or among the various investment options in the contract.

A contract held by a Charitable Remainder Trust (within the meaning of Internal Revenue Code Section 664) may withdraw the greater of (i) the amount available under the CDSC-free withdrawal privilege described above, and (ii) the difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Contract Value at the close of the day prior to the date of the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the total purchase payments made to the contract as of the date of the withdrawal (less an adjustment for amounts previously withdrawn).

The CDSC will not be eliminated if to do so would be unfairly discriminatory or prohibited by state law.

***Long-Term Care/Nursing Home and Terminal Illness Waiver***

The death benefit options (but not the standard death benefit) include a Long-Term Care/Nursing Home and Terminal Illness Waiver. This benefit may not be available in every state.

Under this provision, no CDSC will be charged if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the third Contract Anniversary has passed and the Contract Owner has been confined to a long-term care facility or hospital for a continuous 90-day period that began after the contract issue date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Contract Owner has been diagnosed by a physician at any time after contract issuance to have a terminal illness and Nationwide receives and records a letter from that physician indicating such diagnosis.

Written notice and proof of terminal illness or confinement for 90 days in a hospital or long-term care facility must be received in a form satisfactory to Nationwide and recorded at the Service Center prior to waiver of the CDSC.

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In the case of joint ownership, the waivers will apply if either joint owner meets the qualifications listed above.

For those contracts that have a non-natural person as Contract Owner as an agent for a natural person, the Annuitant may exercise the right of the Contract Owner for purposes described in this provision. If the non-natural Contract Owner does not own the contract as an agent for a natural person (e.g., the Contract Owner is a corporation or a trust for the benefit of an entity), the Annuitant may not exercise the rights described in this provision.

**Note:** The benefit associated with this feature is the waiver of CDSC under certain circumstances. This feature is not intended to provide or imply that the contract provides long-term care or nursing home insurance coverage.

**Premium Taxes**

Certain states or other governmental entities charge premium tax on purchase payments. Nationwide will charge against the Contract Value any premium taxes levied by a state or other government entity. Premium tax rates currently range from 0% to 3.5% and vary from state to state. The range is subject to change. Nationwide will assess premium taxes to the contract at the time Nationwide is assessed the premium taxes by the state. **Premium taxes may be deducted from death benefit proceeds.**

**Loan Processing Fee and Loan Interest Charge** 

Nationwide charges a Loan Processing Fee at the time each new loan is processed. The Loan Processing Fee will not exceed $25 per loan processed. This fee compensates Nationwide for expenses related to administering and processing loans. Some states may not allow Nationwide to assess a Loan Processing Fee. The fee is taken from all of the investment options in proportion to the Contract Value at the time the loan is processed.

Nationwide also assesses a loan interest charge, assessed as a reduction to the credited interest rate. The loan interest rate is determined, based on market conditions, at the time of loan application or issuance. The loan balance in the collateral Fixed Account is credited with interest at 2.25% less than the loan interest rate. Thus, the net loan interest charge is an annual rate of 2.25%, which is applied against the outstanding loan balance. The Annual Loan Interest Charge will not exceed 2.25%.

For more detailed information about loans, see *Loan Privilege*.

**Reduced Purchase Payment Option** 

For an additional charge equal to an annualized rate of 0.25% of the Daily Net Assets, an applicant can elect the Reduced Purchase Payment Option. The charge will be assessed until the annuitization unless the Contract Owner terminates the option. The Reduced Purchase Payment Option reduces the initial purchase payment for that contract to $1,000 and the minimum subsequent purchase payment for that contract to $25. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Five Year CDSC Option** 

For an additional charge equal to an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the Five-Year CDSC Option, which reduces the standard CDSC schedule to a five-year CDSC schedule. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Additional Withdrawal Without Charge and Disability Waiver** 

Each contract has a standard 10% CDSC-free withdrawal privilege each year. For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, the Contract Owner can, each year, withdraw an additional 5% of total purchase payments without incurring a CDSC. This option also contains a disability waiver whereby Nationwide will waive CDSC if a Contract Owner (or Annuitant if the contract is owned by a non-natural owner) is disabled after the contract is issued but before reaching age 65. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

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**10 Year and Disability Waiver** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can elect the 10 Year and Disability Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner has been the owner of the contract for at least 10 years, and the Contract Owner has made regular payroll deferrals during the entire Contract Year for at least five of those 10 years. This option also contains a disability waiver whereby Nationwide will waive CDSC if the Contract Owner is disabled after the contract is issued but before reaching age 65. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Hardship Waiver** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can purchase the Hardship Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner experiences a hardship (as defined for purposes of Internal Revenue Code Section 401(k)). The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is generally described as the greatest of Contract Value, net purchase payments, and highest Contract Value on any Contract Anniversary before Annuitant's 86<sup>th</sup> birthday, and includes the Spousal Protection Feature and the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**One-Year Step Up Death Benefit Option** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant can elect the One-Year Step Up Death Benefit Option. The One-Year Step Up Death Benefit Option is only available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. The One-Year Step Up Death Benefit Option is generally described as the greatest of Contract Value, net purchase payments, and highest Contract Value on any Contract Anniversary before Annuitant's 86th birthday, and includes the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection** 

For an additional charge at an annualized rate of 0.20% of the Daily Net Assets, an applicant can elect the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection. The Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is generally described as the greatest of Contract Value, net purchase payments, highest Contract Value on any Contract Anniversary before Annuitant's 86th birthday, and the interest anniversary value (purchase payments, accumulated at the Interest Anniversary Rate until the last Contract Anniversary prior to the Annuitant's 86th birthday), and includes the Spousal Protection Feature and the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**5% Enhanced Death Benefit Option** 

For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, an applicant can elect 5% Enhanced Death Benefit Option. The 5% Enhanced Death Benefit Option is only 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. The 5% Enhanced Death Option is generally described as the greater of Contract Value and the interest anniversary value (purchase payments, accumulated at the Interest Anniversary Rate until the last Contract Anniversary

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prior to the Annuitant's 86th birthday), and includes the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Guaranteed Minimum Income Benefit Options** 

For contracts issued prior to May 1, 2003, two Guaranteed Minimum Income Benefit Options were available at the time of application. If the applicant elected one or both of the Guaranteed Minimum Income Benefit Options, Nationwide will deduct an additional charge at an annualized rate of 0.45% and/or 0.30% of the Daily Net Assets, depending on the option chosen. The charge will be assessed until annuitization. A GMIB is a benefit that ensures the availability of a minimum amount when the Contract Owner wishes to annuitize the contract. This minimum amount may be used to provide a guaranteed level of lifetime annuity payments. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Extra Value Option** 

Applicants can elect the Extra Value Option, in which case Nationwide will apply a credit to the contract equal to 3% of each purchase payment made to the contract for the first 12 months the contract is in force. In exchange, Nationwide will assess an additional charge equal to an annualized rate of 0.45% of the Daily Net Assets for the first seven Contract Years. In addition, allocations made to the Fixed Account and the GTOs will be assessed a fee of 0.45% for the first seven Contract Years. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Beneficiary Protector Option** 

For an additional charge equal to an annualized rate of 0.40% of the Daily Net Assets, an applicant or an existing Contract Owner can elect the Beneficiary Protector Option. In addition, allocations to the Fixed Account or the Guaranteed Term Options will be assessed a fee of 0.40%. The charge will be assessed until the earlier of annuitization or after the benefit has been credited to the contract. The Beneficiary Protector Option provides that upon the death of the Annuitant, and in addition to any death benefit payable, Nationwide will credit an additional amount to the contract (the "benefit"). For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Capital Preservation Plus Option** 

For contracts with the Capital Preservation Plus Option, Nationwide will assess an additional charge equal to an annualized rate of 0.50% of the Daily Net Assets. In addition, allocations to the Guaranteed Term Options will be assessed a fee of 0.50%. The charge will be assessed until annuitization. The Capital Preservation Plus Option provides a "return of principal" guarantee over an elected period of time. Contract Value at the end of the program period will be no less than Contract Value at the beginning of the program period, regardless of market performance. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Removal of Variable Account Charges** 

For certain optional benefits, a charge is assessed only for a specified period of time. To remove the charge, Nationwide systematically re-rates the contract. This re-rating results in lower contract charges, but no change in Contract Value or any other contractual benefit.

Re-rating involves two steps: the adjustment of contract expenses and the adjustment of the number of units in the contract.

The first step, the adjustment of contract expenses, involves removing the charge from the unit value calculation.

***Example:***<br>

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&nbsp;&nbsp; On a contract where the only optional benefit elected is the Extra Value Option, the Variable <br> Account value will be calculated using unit values with Variable Account charges of 1.40% <br> for the first seven Contract Years. At the end of that period, the charge associated with the <br> Extra Value Option will be removed. From that point on, the Variable Account value will be <br> calculated using the unit values with Variable Account charges at 0.95%. Thus, the Extra <br> Value Option charge is no longer included in the daily Sub-Account valuation for the <br> contract.<br>

The second step of the re-rating process, the adjustment of the number of units in the contract, is necessary in order to keep the re-rating process from altering the Contract Value. Generally, for any given Sub-Account, the higher the Variable Account charges, the lower the unit value, and vice versa.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Sub-Account X with charges of 1.40% will have a lower unit value than Sub-Account X with <br> charges of 0.95% (higher expenses result in lower unit values). When, upon re-rating, the <br> unit values used in calculating Variable Account value are dropped from the higher expense <br> level to the lower expense level, the higher unit values will cause an incidental increase in <br> the Contract Value. In order to avoid this incidental increase, Nationwide adjusts the number <br> of units in the contract down so that the Contract Value after the re-rating is the same as the <br> Contract Value before the re-rating.<br>|

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**Underlying Mutual Fund Charges** 

In addition to the charges indicated above, the underlying mutual funds in which the Sub-Accounts invest have their own fees and charges which are paid out of the assets of the underlying mutual fund. More information about the fees and charges of the underlying mutual funds can be found in the prospectus for each underlying mutual fund which can be obtained free of charge by visiting the website listed in *Appendix A: Investment Options Available Under the Contract* or contacting Nationwide's Service Center.

**Market Value Adjustment** 

A withdrawal or transfer from a Guaranteed Term Option (GTO) prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

A market value adjustment is in addition to any applicable CDSC.

The market value adjustment is determined by multiplying a market value adjustment factor (arrived at by using the market value adjustment formula, which can be obtained by contacting the Service Center) by the "specified value" (or the portion of the specified value being withdrawn), which is the amount allocated to the GTO, plus interest accrued at the specified interest rate, minus prior withdrawals. The market value adjustment may either increase or decrease the amount of the withdrawal.

The market value adjustment is intended to approximate, without duplicating, Nationwide's experience when it liquidates assets in order to satisfy contractual obligations. Such obligations arise when contract owners make withdrawals, or when the operation of the contract requires a distribution.

A Contract Owner may call the Service Center to obtain the current market value adjustment applicable to each of their Guaranteed Term Options. The market value adjustment fluctuates daily, and the quoted market value adjustment may differ from the actual market value adjustment assessed on a withdrawal or transfer.

Because a market value adjustment can affect the value of a withdrawal, its effects should be carefully considered before surrendering or transferring from Guaranteed Term Options. Contact the Service Center for additional information on the Guaranteed Term Options.

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**Profitability** 

Nationwide does consider profitability when determining the charges in the contract. In early Contract Years, Nationwide does not anticipate earning a profit, since that is a time when administrative and distribution expenses are typically higher. Nationwide does, however, anticipate earning a profit in later Contract Years. In general, Nationwide's profit will be greater the higher the investment return and the longer the contract is held.

**The Contract in General**

**Types of Contracts Issued** 

The contracts may be issued as either individual or group contracts. In those states where contracts are issued as group contracts, references throughout this prospectus to "contract(s)" will also mean "certificate(s)" and "Contract Owner" will mean "participant" unless the plan permits or requires the Contract Owner to exercise contract rights under the terms of the plan.

The contracts can be categorized as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Charitable Remainder Trusts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Individual Retirement Annuities ("IRAs") with contributions rolled over or transferred from certain tax-qualified plans\*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Investment-Only Contracts (Qualified Plans)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-Qualified Contracts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Roth IRAs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Simplified Employee Pension IRAs ("SEP IRAs")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Simple IRAs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tax Sheltered Annuities with contributions rolled over or transferred from certain Tax Sheltered Annuities\*

\*

Contributions are not required to be rolled over or transferred if the Contract Owner elects the Reduced Purchase Payment Option.

Nationwide no longer issues the contract as a Tax Sheltered Annuity, except to participants in ERISA and ORP plans that have purchased a Nationwide individual annuity contract before September 25, 2007.

For more detailed information about the differences in contract types, see *Appendix B: Contract Types and Tax Information*.

The contracts described in this prospectus are no longer available for purchase.

**Minimum Initial and Subsequent Purchase Payments**

All purchase payments must be paid in the currency of the United States of America. The minimum initial purchase payment is $15,000. The minimum subsequent purchase payment is $1,000.

If the Contract Owner elects the Reduced Purchase Payment Option, minimum initial and subsequent purchase payment requirements will be reduced accordingly.

Some states have different minimum initial and subsequent purchase payment amounts, and subsequent purchase payments may not be permitted in all states. Contact the Service Center for information on initial and subsequent purchase payment requirements in a particular state.

Extra Value Option credits may not be used to meet minimum purchase payment requirements.

**Nationwide reserves the right to refuse any purchase payment that would result in the cumulative total for all contracts issued by Nationwide or its affiliates or subsidiaries on the life of any one Annuitant or owned by any one Contract Owner to exceed $1,000,000.** Its decision as to whether or not to accept a purchase payment in excess of that amount will be based on one or more factors, including, but not limited to: age, spouse age (if applicable), Annuitant age, state of issue, total purchase payments, optional benefits elected, current market conditions, and current hedging costs. All such decisions will be based on internally established actuarial guidelines and will be applied in a non-discriminatory manner. In the event that Nationwide does not accept a purchase payment under these guidelines, the purchase payment will be immediately returned in its entirety in the same manner as it was received. If Nationwide

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accepts the purchase payment, it will be applied to the contract immediately and will receive the next calculated Accumulation Unit value. Any references in this prospectus to purchase payment amounts in excess of $1,000,000 are assumed to have been approved by Nationwide.

Nationwide prohibits subsequent purchase payments made after death of the Contract Owner(s), the Annuitant, or Co-Annuitant. If upon notification of death of the Contract Owner(s), the Annuitant, or Co-Annuitant, it is determined that death occurred prior to a subsequent purchase payment being made, Nationwide reserves the right to return the purchase payment.

**Dollar Limit Restrictions** 

Certain features of the contract have additional purchase payment and/or Contract Value limitations associated with them:

*Guaranteed Term Options.* The minimum amount that may be allocated to a Guaranteed Term Option is $1,000.

**Money Laundering** 

In order to comply with the USA PATRIOT Act and rules promulgated thereunder, Nationwide has implemented procedures designed to prevent contracts described in this prospectus from being used to facilitate money laundering or the financing of terrorist activities. If mandated under applicable law, Nationwide may be required to reject a purchase payment and/or block a Contract Owner's account and thereby refuse to process any request for transfers, withdrawals, surrenders, loans, or death benefits until instructions are received from the appropriate regulators. Nationwide may also be required to provide additional information about a Contract Owner or a Contract Owner's account to governmental regulators.

**Replacements** 

If the contract described in this prospectus is replacing another variable annuity, the mortality tables used to determine the amount of annuity payments for this contract may be less favorable than those in the contract being replaced. Additionally, upon replacement, all benefits accrued under the replaced contract are forfeited. The issuance of this contract as a replacement for any investment product may result in the payment of compensation to the financial professional, which could create a conflict of interest.

**Contestability** 

Nationwide will not contest the contract.

**Payments to Minors** 

Nationwide will not pay insurance proceeds directly to minors. Contact a legal advisor for options to facilitate the timely availability of monies intended for a minor's benefit.

**Contract Misuse** 

The annuity described in this prospectus is intended to provide benefits to a single individual and his/her beneficiaries. It is not intended to be used by institutional investors, in connection with other Nationwide contracts that have the same Annuitant, or in connection with other Nationwide contracts that have different Annuitants, but the same Contract Owner. If Nationwide determines that the risks it intended to assume in issuing the contract have been altered by misusing the contract as described above, Nationwide reserves the right to take any action it deems necessary to reduce or eliminate the altered risk. Nationwide also reserves the right to take any action it deems necessary to reduce or eliminate altered risk resulting from materially false, misleading, incomplete, or otherwise deficient information provided by the Contract Owner.

**Nationwide's General Account Obligations** 

Nationwide is obligated to pay all amounts promised to Contract Owners under the contract. Any obligations Nationwide has to Contract Owners under the contracts in excess of the Contract Value are paid from the General Account and are subject to Nationwide's creditors and ultimately, its overall claims paying ability.

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**Contractual Guarantees** 

These contracts are offered to customers of various financial institutions and brokerage firms. No financial institution or brokerage firm is responsible for any of the contractual insurance benefits and features guaranteed under the contracts. *These guarantees are the sole responsibility of Nationwide*.

**Reservation of Rights**

In addition to rights that Nationwide specifically reserves elsewhere in this prospectus, Nationwide reserves the right, subject to any applicable regulatory approvals, to perform any or all of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• close Sub-Accounts to additional purchase payments on existing contracts or close Sub-Accounts for contracts purchased on or after specified dates. Changes of this nature will be made as directed by the underlying mutual funds or because Nationwide determines that the underlying mutual fund is no longer suitable (see *Underlying Mutual Fund Service Fee Payments)*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make changes required by any change in the federal securities laws, including, but not limited to, the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, or any other changes to the Securities and Exchange Commission's rules and regulations thereunder or interpretation thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make any changes necessary to maintain the status of the contracts as annuities under the Internal Revenue Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make any changes required by federal or state laws with respect to annuity contracts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• suspend or discontinue sale of the contracts. The decision to suspend or discontinue sale of the contracts is made at Nationwide's discretion. Any decision of this nature would not impact current Contract Owners.

Contract Owners will be notified of any resulting changes by way of a supplement to the prospectus.

**Distribution, Promotional, and Sales Expenses** 

Nationwide pays commissions to the firms that sell the contracts. The maximum gross commission that Nationwide will pay on the sale of the contracts is 6.5% of purchase payments. **Note:** The individual financial professionals typically receive only a portion of this amount; the remainder is retained by the firm. Nationwide may also, instead of a premium-based commission, pay an asset-based commission (sometimes referred to as "trails" or "residuals"), or a combination of the two.

In addition to or partially in lieu of commission, and to the extent permitted by SEC and FINRA rules and other applicable laws and regulations, Nationwide may also pay the selling firms a marketing allowance, which is based on the firm's ability and demonstrated willingness to promote and market Nationwide's products. How any marketing allowance is spent is determined by the firm, but generally will be used to finance firm activities that may contribute to the promotion and marketing of Nationwide's products, which may include but not be limited to providing conferences or seminars, sales or training programs, advertising and sales campaigns regarding the contracts, and payments to assist a firm in connection with its administrative systems, operations and marketing expenses and/or other events or activities sponsored by the firms.

Nationwide may also host training and/or educational meetings including the cost of travel, accommodations and meals for firms that sell the contracts as well as assist such firms with marketing or advertisement costs.

For more information on the exact compensation arrangement associated with this contract, consult your financial professional.

**Underlying Mutual Fund Service Fee Payments** 

***Nationwide's Relationship with the Underlying Mutual Funds*** 

The underlying mutual funds incur expenses each time they sell, administer, or redeem their shares. The Variable Account aggregates Contract Owner purchase, redemption, and transfer requests and submits net or aggregated purchase/redemption requests to each underlying mutual fund on each Valuation Date. The Variable Account (not the Contract Owners) is the underlying mutual fund shareholder. When the Variable Account aggregates transactions, the underlying mutual fund does not incur the expense of processing individual transactions it would normally incur if it sold its shares directly to the public. Nationwide incurs these expenses instead.

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Nationwide also incurs the distribution costs of selling the contract (as discussed above), which benefit the underlying mutual funds by providing Contract Owners with Sub-Account options that correspond to the underlying mutual funds.

An investment adviser or subadviser of an underlying mutual fund or its affiliates may provide Nationwide or its affiliates with wholesaling services that assist in the distribution of the contract and may pay Nationwide or its affiliates to participate in educational and/or marketing activities. These activities may provide the adviser or subadviser (or their affiliates) with increased exposure to persons involved in the distribution of the contract.

***Types of Payments Nationwide Receives*** 

In light of the above, the underlying mutual funds and their affiliates make certain payments to Nationwide or its affiliates (the "payments"). The amount of these payments is typically based on a percentage of assets invested in the underlying mutual funds attributable to the contracts and other variable contracts Nationwide and its affiliates issue, but in some cases may involve a flat fee. These payments are made for various purposes, including payments for the services provided and expenses incurred by the Nationwide companies in promoting, marketing and administering the contracts and underlying funds. Nationwide may realize a profit on the payments received.

Nationwide or its affiliates receive the following types of payments:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Underlying mutual fund 12b-1 fees, which are deducted from underlying mutual fund assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Sub-transfer agent fees or fees pursuant to administrative service plans adopted by the underlying mutual fund, which may be deducted from underlying mutual fund assets; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Payments by an underlying mutual fund's adviser or subadviser (or its affiliates), from their own revenues. Such payments are not from underlying mutual fund assets. However, the revenues from which such payments are made may be derived from advisory fees, which are deducted from underlying mutual fund assets and are reflected in mutual fund charges.

Furthermore, Nationwide benefits from assets invested in Nationwide's affiliated underlying mutual funds (*i.e.*, Nationwide Variable Insurance Trust) because its affiliates also receive compensation from the underlying mutual funds for investment advisory, administrative, transfer agency, distribution, and/or other services provided. Thus, Nationwide may receive more revenue with respect to affiliated underlying mutual funds than unaffiliated underlying mutual funds.

Nationwide took into consideration the anticipated mutual fund service fee payments from the underlying mutual funds when it determined the charges imposed under the contracts. Without these mutual fund service fee payments, Nationwide would have imposed higher charges under the contract.

***Amount of Payments Nationwide Receives*** 

For the year end December 31, 2025, the underlying mutual fund service fee payments Nationwide and its affiliates received from the underlying mutual funds did not exceed 0.75% (as a percentage of the average Daily Net Assets invested in the underlying mutual funds) offered through the contract or other variable contracts that Nationwide and its affiliates issue. Payments from investment advisers or subadvisers to participate in educational and/or marketing activities have not been taken into account in this percentage.

Most underlying mutual funds or their affiliates have agreed to make payments to Nationwide or its affiliates, although the applicable percentages may vary from underlying mutual fund to underlying mutual fund and some may not make any payments at all. Because the amount of the actual payments Nationwide and its affiliates receive depends on the assets of the underlying mutual funds attributable to the contract, Nationwide and its affiliates may receive higher payments from underlying mutual funds with lower percentages (but greater assets) than from underlying mutual funds that have higher percentages (but fewer assets).

For contracts owned by an employer sponsored retirement plan subject to ERISA, upon a plan trustee's request, Nationwide will provide a best estimate of plan-specific, aggregate data regarding the amount of underlying mutual fund service fee payments Nationwide received in connection with the plan's investments either for the previous calendar year or plan year, if the plan year is not the same as the calendar year.

***Identification of Underlying Mutual Funds*** 

Nationwide may consider several criteria when identifying the underlying mutual funds, including some or all of the following: investment objectives, investment process, risk characteristics, investment capabilities, experience and resources, investment consistency, fund expenses, asset class coverage, the alignment of the investment objectives of the underlying mutual fund with Nationwide's hedging strategy, the strength of the adviser's or subadviser's reputation and tenure, brand recognition, and the capability and qualification of each investment firm. Other factors Nationwide may

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consider during the identification process are: whether the underlying mutual fund's adviser or subadviser is a Nationwide affiliate; whether the underlying mutual fund or its service providers (e.g. the investment adviser or subadvisers), or its affiliates will make mutual fund service fee payments to Nationwide or its affiliates in connection with certain administrative, marketing, and support services; or whether affiliates of the underlying mutual fund can provide marketing and distribution support for sales of the contracts. For additional information on these arrangements, see above*.* Nationwide reviews the funds periodically and may remove a fund or limit its availability to new contributions and/or transfers of account value if Nationwide determines that a fund no longer satisfies one or more of the selection criteria, and/or if the fund has not attracted significant allocations from Contract Owners.

Nationwide does not recommend or endorse any particular fund and it does not provide investment advice.

There may be underlying mutual funds with lower fees and expenses, as well as other variable contracts that offer underlying mutual funds with lower fees and expenses. The purchaser should consider all of the fees and charges of the contract in relation to its features and benefits when making a decision to invest. **Note:** Higher contract and underlying mutual fund fees and expenses have a direct effect on and may lower investment performance.

**Treatment of Unclaimed Property** 

Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period of inactivity of three to five years from the contract's Annuity Commencement Date or the date Nationwide becomes informed that a death benefit is due and payable. For example, if the payment of a death benefit has been triggered, but, if after a thorough search, Nationwide is still unable to locate the beneficiary of the death benefit, or the beneficiary does not come forward to claim the death benefit in a timely manner, the death benefit will be surrendered and placed in a non-interest bearing account. While in the non-interest bearing account, Nationwide will continue to perform due diligence required by state law. Once the state mandated period has expired, Nationwide will escheat the death benefit to the abandoned property division or unclaimed property office of the state in which the beneficiary or the Contract Owner last resided, as shown on Nationwide's books and records, or to Ohio, Nationwide's state of domicile. If a claim is subsequently made, the state is obligated to pay any such amount (without interest) to the designated recipient upon presentation of proper documentation.

To prevent escheatment, it is important to update beneficiary designations - including complete names, complete addresses, phone numbers, and social security numbers - as they change. Such updates should be sent to the Service Center.

**Benefits Under the Contract** 

**The following tables summarize information about the benefits under the contract.** The Standard Benefits table indicates the benefits that are available under the contract and for which there is no additional charge. The Optional Benefits table indicates the benefits that are (or were) available under the contract that are optional – they must be affirmatively elected by the applicant and may have an additional charge. The availability of contract benefits may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations*).

**Standard Benefits Table** 

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| | | | |
|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Brief Description of Restrictions/Limitations** |
| Standard Death Benefit | Death benefit upon <br> death of Annuitant prior <br> to Annuitization<br>|  | &nbsp;&nbsp;&nbsp; ● Nationwide may limit purchase payments to <br> $1,000,000<br>|
| Asset Rebalancing (see <br> *Contract Owner* <br> *Services)*<br>| Automatic reallocation <br> of assets on a <br> predetermined <br> percentage basis<br>|  | &nbsp;&nbsp;&nbsp; ● Assets in the Fixed Account and GTOs are <br> excluded from the program<br>|

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| | | | |
|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Brief Description of Restrictions/Limitations** |
| Dollar Cost Averaging <br> (see *Contract Owner* <br> *Services)*<br>| Long-term transfer <br> program involving <br> automatic transfer of <br> assets<br>|  | &nbsp;&nbsp;&nbsp; ● Transfers are only permitted from the Fixed Account <br> and a limited number of Sub-Accounts<br> ● Transfers may not be directed to the Fixed Account <br> or GTOs<br> ● Transfers from the Fixed Account must be equal to <br> or less than 1/30th of the Fixed Account value at <br> the time the program is requested<br>|
| Enhanced Fixed <br> Account Dollar Cost <br> Averaging (see *Contract* <br> *Owner Services)*<br>| Long-term transfer <br> program involving <br> automatic transfer of <br> Fixed Account <br> allocations with higher <br> interest crediting rate<br>|  | &nbsp;&nbsp;&nbsp; ● Transfers are only permitted from the Fixed Account<br> ● Only new purchase payments to the contract are <br> eligible for the program<br> ● Transfers may not be directed to the Fixed Account <br> or GTOs<br>|
| Systematic Withdrawals <br> (see *Contract Owner* <br> *Services)*<br>| Automatic withdrawals <br> of Contract Value on a <br> periodic basis<br>|  | ● Withdrawals must be at least $100 each |

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**Optional Benefits Table** 

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Loans (see *Loan* <br> *Privilege*)<br>| Loan from Contract <br> Value<br>| $25 Loan <br> Processing <br> Fee and <br> 2.25% <br> compound <br> interest on <br> outstanding <br> loan balance<br>| $25 Loan <br> Processing <br> Fee and <br> 2.25% <br> compound <br> interest on <br> outstanding <br> loan balance<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of Tax <br> Sheltered Annuities<br> ● Subject to terms of the Tax <br> Sheltered Annuity plan<br> ● Minimum and maximum loan <br> amounts apply<br> ● Loans must be repaid within a <br> specified period<br> ● Loan payments must be made at <br> least quarterly<br>|
| Reduced Purchase <br> Payment Option<br>| Reduction to minimum <br> initial purchase payment <br> and subsequent <br> purchase payment <br> requirements<br>| 0.25% (Daily <br> Net Assets)<br>| 0.25% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Not available for Investment-Only <br> Contracts<br>|
| Five Year CDSC Option | Reduction of standard <br> CDSC schedule<br>| 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● Not available if the Extra Value <br> Option is elected<br>|
| Additional Withdrawal <br> Without Charge and <br> Disability Waiver<br>| CDSC waiver and <br> increased CDSC-free <br> withdrawal privilege<br>| 0.10% (Daily <br> Net Assets)<br>| 0.10% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective due to <br> disability, no additional purchase <br> payments are permitted<br>|
| 10 Year and Disability <br> Waiver<br>| CDSC waiver | 0.05% (Daily <br> Net Assets)<br>| 0.05% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of a Tax <br> Sheltered Annuity<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective due to <br> disability, no additional purchase <br> payments are permitted<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Hardship Waiver | CDSC waiver | 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of a Tax <br> Sheltered Annuity<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective, no <br> additional purchase payments are <br> permitted<br>|
| One-Year Enhanced <br> Death Benefit with <br> Long-Term Care/<br> Nursing Home Waiver <br> and Spousal Protection<br>| Enhanced death benefit | 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● May not be elected if another death <br> benefit option is elected<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Spousal Protection Feature<br> ● Not applicable to Charitable <br> Remainder Trusts<br> ● One or both spouses (or a revocable <br> trust of which either or both of the <br> spouses is/are grantor(s)) must be <br> named as the Contract Owner<br> ● For contracts issued as an IRA or <br> Roth IRA, only the person for whom <br> the IRA or Roth IRA was established <br> may be named as the Contract <br> Owner<br> ● Only available to Contract Owner's <br> spouse<br> ● Spouses must be Co-Annuitants<br> ● Both spouses must be 85 or younger <br> at contract issuance<br> ● Spouses must be named as <br> beneficiaries<br> ● No other person may be named as <br> Contract Owner, Annuitant, or <br> primary beneficiary<br> ● If the Contract Owner requests to <br> add a Co-Annuitant after contract <br> issuance, the date of marriage must <br> be after the contract issue date and <br> Nationwide will require the Contract <br> Owner to provide a copy of the <br> marriage certificate<br> ● Benefit is forfeited if certain changes <br> to the parties or assignments are <br> made<br>|
| One-Year Step Up <br> Death Benefit Option<br>| Enhanced death benefit | 0.05% (Daily <br> Net Assets)<br>| 0.05% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Greater of One-Year or <br> 5% Enhanced Death <br> Benefit with Long-Term <br> Care/Nursing Home <br> Waiver and Spousal <br> Protection Option<br>| Enhanced death benefit | 0.20% (Daily <br> Net Assets)<br>| 0.20% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● May not be elected if another death <br> benefit option is elected<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Spousal Protection Feature<br> ● Not applicable to Charitable <br> Remainder Trusts<br> ● One or both spouses (or a revocable <br> trust of which either or both of the <br> spouses is/are grantor(s)) must be <br> named as the Contract Owner<br> ● For contracts issued as an IRA or <br> Roth IRA, only the person for whom <br> the IRA or Roth IRA was established <br> may be named as the Contract <br> Owner<br> ● Only available to Contract Owner's <br> spouse<br> ● Spouses must be Co-Annuitants<br> ● Both spouses must be 85 or younger <br> at contract issuance<br> ● Spouses must be named as <br> beneficiaries<br> ● No other person may be named as <br> Contract Owner, Annuitant, or <br> primary beneficiary<br> ● If the Contract Owner requests to <br> add a Co-Annuitant after contract <br> issuance, the date of marriage must <br> be after the contract issue date and <br> Nationwide will require the Contract <br> Owner to provide a copy of the <br> marriage certificate<br> ● Benefit is forfeited if certain changes <br> to the parties or assignments are <br> made<br>|
| 5% Enhanced Death <br> Benefit Option<br>| Enhanced death benefit | 0.10% (Daily <br> Net Assets)<br>| 0.10% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br>|
| Guaranteed Minimum <br> Income Benefit Option 1<br>| Minimum guaranteed <br> value for annuitization<br>| 0.45% (Daily <br> Net Assets)<br>| 0.45% (Daily <br> Net Assets)<br>| ● No longer available for election<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Annuitization options are limited<br>|
| Guaranteed Minimum <br> Income Benefit Option 2<br>| Minimum guaranteed <br> value for annuitization<br>| 0.30% (Daily <br> Net Assets)<br>| 0.30% (Daily <br> Net Assets)<br>| ● No longer available for election<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Annuitization options are limited<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Extra Value Option | Additional money is <br> deposited to the <br> contract (bonus credits)<br>| 0.45% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| 0.45% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● Bonus credit only applies to deposits <br> made during the first Contract Year<br> ● Bonus credits are subject to <br> recapture under certain <br> circumstances<br> ● Fixed Account allocations may be <br> restricted under certain <br> circumstances<br>|
| Beneficiary Protector <br> Option<br>| Payment of an amount <br> that could be used to <br> pay taxes assessed on <br> death benefit proceeds<br>| 0.40% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| 0.40% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Election is irrevocable<br> ● Annuitant must be 70 or younger at <br> date of election<br>|
| Capital Preservation <br> Plus Option<br>| Principal protection | 0.50% (Daily <br> Net Assets <br> and GTO <br> guaranteed <br> rate of <br> return)<br>| 0.50% (Daily <br> Net Assets <br> and GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Investment restrictions apply<br> ● Not available if a loan is outstanding<br> ● No new loans are permitted<br> ● Additional purchase payments are <br> not permitted during the program <br> period<br> ● Enhanced Fixed Account Dollar Cost <br> Averaging is not available<br> ● Surrenders cannot be taken <br> exclusively from the GTO<br> ● Transfers to and from the GTO are <br> not permitted during the program <br> period<br> ● Restrictions on termination apply<br>|

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**Standard Death Benefit (Five-Year Reset Death Benefit)**

If the Annuitant dies before the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

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Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the Standard Death Benefit (Five-Year Reset Death Benefit) is <br> calculated, see *Appendix C: Standard Death Benefit (Five-Year Reset Death Benefit)* <br> *Example.*<br>|

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**Reduced Purchase Payment Option**

If the applicant elects the Reduced Purchase Payment Option, Nationwide will deduct an additional charge equal to an annualized rate of 0.25% of the Daily Net Assets. This option must be elected at the time of application. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization, unless the Contract Owner terminates the option as described below. In return, the minimum initial purchase payment for that contract will be $1,000 and minimum subsequent purchase payment will be $25. This option is not available for Investment-Only Contracts. Nationwide may realize a profit from the charge assessed for this option.

The Contract Owner may terminate this option if, throughout a period of at least two years and continuing until such termination election, the total of all purchase payments, less surrenders is maintained at $25,000 or more.

The election to terminate the option must be submitted in writing to the Service Center on a form provided by Nationwide. Termination will occur as of the date on the election form, and after the termination, the charge for this option will no longer be assessed. Subsequent purchase payments, if any, will be subject to the terms of the contract and must be at least $1,000.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elected the Reduced Purchase Payment Option at the time of application. While the <br> option remains in effect, Nationwide will accept a minimum initial purchase payment of <br> $1,000 or more and will accept minimum subsequent purchase payments of $25 or more. <br> Those amounts are lower than what would be required had the Reduced Purchase Payment <br> Option not been elected.<br>|

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**Five Year CDSC Option** 

Applicants can elect the Five-Year CDSC Option, which reduces the standard seven-year CDSC Schedule to a five-year CDSC schedule. The Five-Year CDSC Option must be elected at the time of application, and the option is irrevocable. In exchange, Nationwide assesses a charge at an annualized rate of 0.15% of the Daily Net Assets. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization.

The CDSC schedule applicable if the Five Year CDSC Option is elected is:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5+** |
| CDSC Percentage | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 0% |

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Under this option, CDSC will not exceed 7% of purchase payments surrendered.

Nationwide may realize a profit from the charge assessed for this option.

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In the State of New York, the Five Year CDSC Option is available only for contracts issued as Roth IRAs and is not available when the Extra Value Option is elected.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. B elected the Five Year CDSC Option at the time of application. Mr. B elects to take a <br> partial withdrawal in the fourth year of his contract. Instead of applying the standard CDSC <br> schedule, Nationwide will apply the Five Year CDSC schedule, which results in a CDSC <br> percentage of 2% (3 completed Contract Years).<br>|

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**Additional Withdrawal Without Charge and Disability Waiver** 

Each contract has a standard 10% CDSC-free withdrawal privilege each year. For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, the Contract Owner can, each year, withdraw an additional 5% of total purchase payments without incurring a CDSC. This would allow the Contract Owner to withdraw a total of 15% of the total of all purchase payments each year free of CDSC. Like the standard 10% CDSC-free privilege, this additional withdrawal benefit is non-cumulative.

This option also contains a disability waiver. Nationwide will waive CDSC if a Contract Owner (or Annuitant if the contract is owned by a non-natural owner) is disabled after the contract is issued but before reaching age 65. If this waiver becomes effective due to disability, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. J elected the Additional Withdrawal Without Charge and Disability Waiver at the time of <br> application and he now wants to take a withdrawal from his contract. If Mr. J's withdrawal is <br> subject to a CDSC and he hasn't yet used his CDSC-free withdrawal privilege for that year, <br> Mr. J would be entitled to a 15% CDSC-free withdrawal, as opposed to the 10% CDSC-free <br> withdrawal that is applicable on standard contracts.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option.

**10 Year and Disability Waiver** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can elect the 10 Year and Disability Waiver. Under this option, Nationwide will waive CDSC if two conditions are met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Owner has been the owner of the contract for at least 10 years; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Contract Owner has made regular payroll deferrals during the entire Contract Year for at least five of those 10 years.

This option also contains a disability waiver. Nationwide will waive CDSC if the Contract Owner is disabled after the contract is issued but before reaching age 65. If this waiver becomes effective due to disability, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. Q elected the 10 Year and Disability Waiver at the time of application and is in her 11<sup>th</sup> <br> year of owning the contract. During that time, she made regular monthly payroll deposits <br> into the contract. Nationwide will waive any applicable CDSC on withdrawals from Ms. Q's <br> contract.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option.

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**Hardship Waiver** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can purchase the Hardship Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner experiences a hardship (as defined for purposes of Internal Revenue Code Section 401(k)). The Contract Owner may be required to provide proof of hardship.

If this waiver becomes effective, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elected the Hardship Waiver at the time of application and she would like to take a <br> hardship withdrawal from her contract. Nationwide will waive any applicable CDSC on the <br> hardship withdrawal, provided any request proof of hardship is provided and accepted by <br> Nationwide.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option**.**

**One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option**

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the highest Contract Value on any Contract Anniversary prior to the Annuitant's 86<sup>th</sup> birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the One-Year Enhanced Death Benefit with Long-Term Care/<br> Nursing Home Waiver and Spousal Protection Option is calculated, see *Appendix D: One-*<br> *Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal* <br> *Protection Option Example.*<br>|

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The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met, and the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse.

**One-Year Step Up Death Benefit Option**

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant can elect the One-Year Step-Up Death Benefit Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and

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will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. The One-Year Step Up Death Benefit Option is only available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the highest Contract Value on any Contract Anniversary prior to the 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the One-Year Step-Up Death Benefit Option is calculated, see <br> *Appendix E: One-Year Step Up Death Benefit Option Example*.<br>|

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The One-Year Step-Up Death Benefit Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met.

The One-Year Step-Up Death Benefit Option and the 5% Enhanced Death Benefit Option may both be elected, in which case the death benefit will be the greater of the two benefits.

**Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option**

For an additional charge at an annualized rate of 0.20% of the Daily Net Assets, an applicant can elect the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% compound interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

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Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the Greater of One-Year or 5% Enhanced Death Benefit with Long-<br> Term Care/Nursing Home Waiver and Spousal Protection Option is calculated, see <br> *Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/*<br> *Nursing Home Waiver and Spousal Protection Option Example.*<br>|

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The Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met, and the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse.

**5% Enhanced Death Benefit Option**

For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, an applicant can elect the 5% Enhanced Death Benefit Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. The 5% Enhanced Death Benefit Option is only 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. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% simple interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the 5% Enhanced Death Benefit Option is calculated, see *Appendix* <br> *G: 5% Enhanced Death Benefit Option Example*<br>|

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The 5% Enhanced Death Benefit Option also includes the Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met.

The One-Year Step-Up Death Benefit Option and the 5% Enhanced Death Benefit Option may both be elected, in which case the death benefit will be the greater of the two benefits.

**Spousal Protection Feature** 

The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option and the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option include a Spousal Protection Feature. The Spousal Protection Feature is not available for contracts issued as Charitable Remainder Trusts. The Spousal Protection Feature allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse, provided the conditions described below are satisfied:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The spouses must be Co-Annuitants;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Both spouses must be age 85 or younger at the time the contract is issued;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Both spouses must be named as beneficiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) No person other than the spouse may be named as Contract Owner, Annuitant, or primary beneficiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) If both spouses are alive upon annuitization, the Contract Owner must specify which spouse is the Annuitant upon whose continuation of life any annuity payments involving life contingencies depend (for an IRA or Roth IRA contract, this person must be the Contract Owner); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) 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.

If a Co-Annuitant dies before the Annuitization Date, the surviving spouse may continue the contract as its sole Contract Owner. Additionally, if the death benefit value is higher than the Contract Value at the time of the first Co-Annuitant's death, Nationwide will adjust the Contract Value to equal the death benefit value. The surviving Co-Annuitant may then name a new beneficiary but may not name another Co-Annuitant.

If the marriage of the Co-Annuitants terminates due to the death of a spouse, divorce, dissolution, or annulment, the Spousal Protection Feature terminates and the Contract Owner is not permitted to cover a subsequent spouse.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; On June 1, which is before her Annuitization Date, Ms. P passes away. Her death benefit <br> contains the Spousal Protection Feature. The death benefit on Ms. P's contract equals <br> $24,000.<br>|
| &nbsp;&nbsp; Ms. P was married to Mr. P at the time of her death. Under the Spousal Protection Feature, <br> assuming all conditions were met, Mr. P has the option, instead of receiving the $24,000 <br> death benefit, to continue the contract as if it were his own. If he elects to do so, the <br> Contract Value, if it is lower than $24,000, will be adjusted to equal the $24,000 death <br> benefit. From that point forward, the contract will be his and all provisions of the contract <br> apply. Upon Mr. P's death, his beneficiary will then receive a death benefit equal to the <br> elected death benefit under the contract.<br>|

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The Spousal Protection Feature may not apply if certain changes to the parties or assignments are made to the contract. Contract Owners contemplating changes to the parties to the contract, including assignments, should contact their financial professional to determine how the changes impact the Spousal Protection Feature.

**Guaranteed Minimum Income Benefit Options**

For contracts issued prior to May 1, 2003, an applicant could have elected one or both of the Guaranteed Minimum Income Benefit Options at the time of application. Once elected, the Guaranteed Minimum Income Benefit Options are irrevocable. If elected, Nationwide will deduct an additional charge at an annualized rate of 0.45% if GMIB Option 1 is elected and 0.30% of the Daily Net Assets if GMIB Option 2 is elected. The charges associated with these options are calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charges assessed for these options.

A GMIB is a benefit that ensures the availability of a minimum amount when the Contract Owner wishes to annuitize the contract. This minimum amount, referred to as the Guaranteed Annuitization Value, may be used at specified times to provide a guaranteed level of determinable lifetime annuity payments. The GMIB may provide protection in the event of lower Contract Values that may result from the investment performance of the contract.

***How the Guaranteed Annuitization Value is Determined*** 

There are two options available at the time of application. The Guaranteed Annuitization Value is determined differently based on the option the Contract Owner elects.

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***Calculation Under GMIB Option 1*** 

The Guaranteed Annuitization Value is equal to (a) – (b), but will never be greater than 200% of all purchase payments, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of all purchase payments, plus interest accumulated at a compounded annual rate of 5% starting at the date of issue and ending on the Contract Anniversary occurring immediately prior to the Annuitant's 86<sup>th</sup> birthday; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the reduction to (a) due to withdrawals made from the contract. All such reductions will be proportionately the same as reductions to the Contract Value caused by withdrawals. For example, a surrender that reduces the Contract Value by 25% will also reduce the Guaranteed Annuitization Value by 25%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Assume the Guaranteed Annuitization Value = $100,000 and the Contract Value = $80,000 <br> at time of a $20,000 withdrawal. Therefore, the Contract Value would be reduced by 25% <br> ($20,000/$80,000), and the Guaranteed Annuitization Value would also be reduced by 25% <br> or $25,000 (25% x $100,000). As a result, the new Guaranteed Annuitization Value = <br> $75,000 ($100,000-$25,000).<br>|

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***Special Restrictions for GMIB Option 1*** 

After the first Contract Year, if the value of the Contract Owner's Fixed Account allocation becomes greater than 30% of the Contract Value in any Contract Year due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the application of additional purchase payments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) surrenders; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) transfers from the Sub-Accounts;

then 0% interest will accrue in that Contract Year for purposes of calculating the Guaranteed Annuitization Value.

If the Contract Owner's Fixed Account allocation becomes greater than 30% of the Contract Value solely as a result of fluctuations in the value of Sub-Account allocations, interest will continue to accrue for the purposes of the Guaranteed Annuitization Value at 5% annually, subject to the other terms and conditions outlined herein.

***Calculation Under GMIB Option 2*** 

The Guaranteed Annuitization Value will be equal to the highest Contract Value on any Contract Anniversary occurring prior to the Annuitant's 86<sup>th</sup> birthday, less an adjustment for amounts withdrawn, plus purchase payments received after that Contract Anniversary.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Assume the highest Contract Value on any Contract Anniversary prior to the Annuitant's <br> 86th birthday = $100,000 and the Contract Value = $80,000 at time of a $20,000 <br> withdrawal. Therefore, the Contract Value would be reduced by 25% ($20,000/$80,000), <br> and the Guaranteed Annuitization Value would also be reduced by 25% or $25,000 (25% x <br> $100,000). As a result, the new Guaranteed Annuitization Value = $75,000 <br> ($100,000-$25,000).<br>|

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***When the Guaranteed Annuitization Value May Be Used*** 

The Contract Owner may use the Guaranteed Annuitization Value by annuitizing the contract during the 30-day period following any Contract Anniversary, provided the contract has been in effect for seven years and the Annuitant has attained age 60.

***Annuity Payment Options That May Be Used With the Guaranteed Annuitization Value*** 

The Contract Owner may elect any life contingent fixed annuity payment option described in this provision, calculated using the guaranteed annuity purchase rates set forth in the contract. The permitted fixed annuity payment options include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Standard Joint and Survivor; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life with 10 or 20 Year Term Certain.

***Other GMIB Terms and Conditions*** 

While a GMIB does provide a Guaranteed Annuitization Value, a GMIB may not be appropriate for all investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A GMIB does NOT in any way guarantee the performance of any Sub-Account or any other investment option available under the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Once elected, the GMIB is irrevocable, meaning that even if the investment performance of the selected investment options surpasses the minimum guarantees associated with the GMIB, the GMIB charges will continue to be assessed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The GMIB in no way restricts or limits the rights of Contract Owners to annuitize the contract at other times permitted under the contract, nor will it in any way restrict the right to annuitize the contract using Contract Values that may be higher than the Guaranteed Annuitization Value.

Consult a qualified financial advisor in evaluating the GMIB options.

**Extra Value Option**

Applicants should be aware of the following prior to electing an Extra Value Option:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide may make a profit from the Extra Value Option charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Because the Extra Value Option charge will be assessed against the entire Contract Value for the first seven Contract Years, Contract Owners who anticipate making additional purchase payments after the first Contract Year (which will not receive the Extra Value Option credit(s) but will be assessed the Extra Value Option charge) should carefully examine the Extra Value Option and consult their financial professional regarding its desirability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide may take back or "recapture" all or part of the amount credited under the Extra Value Option in the event of early withdrawals, including revocation of the contract during the contractual free-look period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the market declines during the period that the Extra Value Option credit(s) is subject to recapture, the amount subject to recapture could decrease the amount of Contract Value available for withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The cost of the Extra Value Option and the recapture of the credits (in the event of a withdrawal) could exceed any benefit of receiving the Extra Value Option credits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Contract Owner elects or has elected an Extra Value Option. These restrictions may be imposed at Nationwide's discretion when economic conditions are such that Nationwide is unable to recoup the cost of providing the up-front Extra Value Option credits.

Applicants can elect the Extra Value Option, in which case Nationwide will apply a credit to the contract equal to 3% of each purchase payment made to the contract for the first 12 months the contract is in force. The Extra Value Option must be elected at the time of application, and the option is irrevocable. This credit, which is funded from Nationwide's General Account, will be allocated among the investment options in the same proportion that the purchase payment is allocated to the contract. For purposes of all benefits and taxes under these contracts, credits are considered earnings, not purchase payments.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. C elects the Extra Value Option and submits an initial purchase payment of $50,000. On <br> the date the initial purchase payment is applied (and in addition to that initial purchase <br> payment), Nationwide will apply another $1,500 (which is 3% of $50,000) to Mr. C's <br> contract.<br>|

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In exchange, Nationwide will assess an additional charge at an annualized rate of 0.45% of the Daily Net Assets. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation.

In addition, allocations made to the Fixed Account and the GTOs will be assessed a fee of 0.45%.

After the end of seven Contract Years, Nationwide will discontinue assessing the charges associated with the Extra Value Option and the amount credited under this option will be fully vested.

***Recapture of Extra Value Option Credits*** 

Nationwide will recapture amounts credited to the contract in connection with an Extra Value Option if:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Contract Owner cancels the contract pursuant to the free look provision;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Contract Owner takes a full withdrawal before the end of seven Contract Years; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Contract Owner takes a partial withdrawal that is subject to a CDSC.

Some state jurisdictions require a reduced recapture schedule. Refer to the contract for state specific information.

Contract Owners should carefully consider the consequences of taking a withdrawal that subjects part or all of the credit to recapture. If Contract Value decreases due to poor market performance, the recapture provisions could decrease the amount of Contract Value available for withdrawal. In other words, the dollar amount of the credit Nationwide recaptures will remain the same, but this amount may be a higher percentage of the Contract Value.

Nationwide will not recapture credits under the Extra Value Option under the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the withdrawal is not subject to a CDSC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the distribution is taken as a result of a death, annuitization, or to meet minimum distribution requirements for this contract under the Internal Revenue Code; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the withdrawal occurs after seven Contract Years.

***Recapture Resulting from Exercising Free-Look Privilege*** 

If the Contract Owner cancels the contract pursuant to the contractual free-look provision, Nationwide will recapture the entire amount credited to the contract under this option. In those states that require the return of purchase payments for IRAs that are surrendered pursuant to the contractual free-look, Nationwide will recapture the entire amount credited to the contract under this option, but under no circumstances will the amount returned be less than the purchase payments made to the contract. In those states that allow a return of Contract Value, the Contract Owner will retain any earnings attributable to the amount credited, but all losses attributable to the amount credited will be incurred by Nationwide.

***Recapture Resulting from a Full Withdrawal*** 

If the Contract Owner takes a full withdrawal of the contract before the end of seven Contract Years, Nationwide will recapture the entire amount credited to the contract under the option.

***Recapture Resulting from a Partial Withdrawal*** 

If the Contract Owner takes a partial withdrawal before the end of seven Contract Years that is subject to CDSC, Nationwide will recapture a proportional part of the amount credited to the contract under this option.

**Beneficiary Protector Option**

For an additional charge at an annualized rate of 0.40% of the Daily Net Assets, the Beneficiary Protector Option may be elected. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation. This option may be elected at the time of application or after the contract has been issued, and the option is irrevocable. Allocations made to the Fixed Account or to the Guaranteed Term Options will be assessed a charge of 0.40%. The Beneficiary Protector Option is only available for contracts with Annuitants who are age 70 or younger at the time of election. Nationwide may realize a profit from the charge assessed for this option.

The Beneficiary Protector Option provides that upon the death of the Annuitant, in addition to any death benefit payable, Nationwide will credit an additional amount to the contract (the "benefit"). If the Beneficiary Protector Option is elected with a contract that has spouses designated as Annuitant and Co-Annuitant, the term Annuitant shall mean the person designated as the Annuitant on the application; the person designated as the Co-Annuitant does not have any rights under this benefit unless the Co-Annuitant is also the beneficiary.

The benefit is credited to the contract upon the death of the Annuitant. After the benefit is credited to the contract, the beneficiary(ies) may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) take distribution of the contract in the form of the death benefit or required distributions as applicable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the beneficiary is the deceased Annuitant's surviving spouse, continue the contract as the new beneficial Contract Owner, subject to any mandatory distribution rules.

Once the credit is applied to the contract, charges associated with the Beneficiary Protector Option will no longer be assessed.

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***How Credits are Calculated*** 

If the Beneficiary Protector Option was elected at the time of application and the Annuitant dies prior to the first Contract Anniversary after the Annuitant's 85<sup>th</sup> birthday, the amount credited to the contract will be equal to:

40% x Adjusted Earnings

Adjusted Earnings = (a) – (b) – (c); where:

a = the Contract Value on the date the death benefit is calculated (prior to any death benefit calculation); <br> b = purchase payments, proportionately adjusted for withdrawals; and <br> c = any adjustment for a death benefit previously credited, proportionately adjusted for withdrawals.

The adjustment for amounts withdrawn will reduce purchase payments and any death benefit previously credited to the contract in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

If the Beneficiary Protector Option was elected after the contract issue date and the Annuitant dies prior to the first Contract Anniversary after the Annuitant's 85<sup>th</sup> birthday, the amount credited to the contract will be equal to:

40% x Adjusted Earnings from the Date the Option is Elected

Adjusted Earnings from the Date the Option is Elected = (a) – (b) – (c) – (d), where:

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| | | |
|:---|:---|:---|
| 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 <br> adjusted for withdrawals.<br>|

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The adjustment for amounts withdrawn will reduce purchase payments and any death benefit previously credited to the contract in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

---

| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; The Annuitant elected the Beneficiary Protector Option at the time of application. On the <br> date of the Annuitant's death, the Contract Value = $75,000, the total purchase payments <br> (adjusted for withdrawals) = $68,000, and there is no adjustment for a death benefit <br> previously credited. The amount of the benefit would be calculated as follows: 40% x <br> ($75,000-$68,000-$0), which equals $2,800.<br>|

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If no benefits have been paid under this option by the first contract anniversary following the Annuitant's 85<sup>th</sup> birthday, then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Nationwide will credit an amount equal to 4% of the Contract Value on the Contract Anniversary to the contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Beneficiary Protector Option will terminate and will no longer be in effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the charge associated with the Beneficiary Protector Option will no longer be assessed.

***How Amounts Are Credited*** 

Any amounts credited to the contract pursuant to this option will be allocated among the investment options in the same proportion as each purchase payment is allocated to the contract on the date the credit is applied.

**Capital Preservation Plus Option**

The Capital Preservation Plus "CPP" Option provides a "return of principal" guarantee over an elected period of time (3, 5, 7, or 10 years – the "program period"). Effective May 1, 2011, the only program period available is the 10-year program period; program periods of other durations that were elected prior to May 1, 2011 will continue unchanged to the end of the current program period. Contract Value at the end of the program period will be no less than Contract Value at the beginning of the period, regardless of market performance. Note, however, that surrenders or contract charges that are deducted from the contract will reduce the value of the guarantee proportionally.

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For program periods that began prior to May 1, 2025, the guarantee is conditioned upon the allocation of Contract Value between two investment components:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) A Guaranteed Term Option corresponding to the length of the elected program period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Non-Guaranteed Term Option allocations, which consist of the Fixed Account and a limited list of investment options.

For program periods that begin on or after May 1, 2025, the requirement to allocate a portion of the Contract Value to the Guaranteed Term Option is removed and the guarantee is conditioned upon allocation of the Contract Value to Non-Guaranteed Term allocations, which consist of a limited list of investment options.

In some state jurisdictions, Nationwide uses Target Term Options instead of Guaranteed Term Options in connection with the Capital Preservation Plus Option. For all material purposes, Guaranteed Term Options and Target Term Options are the same. All references to Guaranteed Term Options in relation to the Capital Preservation Plus Option will also mean Target Term Options (in applicable jurisdictions). Refer to the prospectus for the Guaranteed Term Options for more information.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. D elected the Capital Preservation Plus Option and elected a 10-year program period. <br> Nationwide informed her of her investment options and she provided her allocation <br> instructions. At the beginning of the program period, her Contract Value was $50,000. At <br> the end of the program period, Ms. D's Contract Value was $56,000, so no adjustment was <br> made to her contract. Had her Contract Value been less than $50,000 at the end of the <br> program period, Nationwide would have adjusted the Contract Value to equal $50,000.<br>|

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***Charges*** 

The charge associated with the Capital Preservation Plus Option is equal to an annualized rate not to exceed 0.50% of the Daily Net Assets. Allocations to the Guaranteed Term Options will also be assessed a charge not to exceed 0.50%. Nationwide may realize a profit from the charge assessed for this option.

All charges associated with the Capital Preservation Plus Option will remain the same for the duration of the program period. When the program period ends or an elected Capital Preservation Plus Option is terminated, the charges associated with the option will no longer be assessed.

***The Advantage of Capital Preservation Plus*** 

Without electing the option, Contract Owners may be able to approximate (without replicating) the benefits of the Capital Preservation Plus Option. To do this, Contract Owners would have to determine how much of their Contract Value would need to be allocated to a Guaranteed Term Option so that the amount at maturity (principal plus interest attributable to the Guaranteed Term Option allocation) would approximate the original total investment. The balance of the Contract Value would be available to be allocated among the Fixed Account and a limited list of investment options. This represents an investment allocation strategy aimed at capital preservation.

Election of the Capital Preservation Plus Option, however, generally permits a higher percentage of the Contract Value to be allocated outside of the Guaranteed Term Options. This provides Contract Owners with a greater opportunity to benefit from market appreciation that is reflected in the Sub-Accounts' performance, while preserving the return of principal guarantee.

***Availability*** 

The Capital Preservation Plus Option is only available for election at the time of application.

***Conditions Associated with the Capital Preservation Plus Option*** 

A Contract Owner with an outstanding loan may not elect the Capital Preservation Plus Option.

During the program period, the following conditions apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If withdrawals are taken or contract charges are deducted from the Contract Value, the value of the guarantee will be reduced proportionally.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Only one Capital Preservation Plus Option program may be in effect at any given time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No new purchase payments may be applied to the contract.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Transfers between and among permitted investment options may not be submitted via Internet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Rate Dollar Cost Averaging is not available as a Contract Owner service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide will not permit loans to be taken from the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No optional benefit that assesses a charge to the Guaranteed Term Options may be added to the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If Annuitant dies and the Annuitant's spouse elects to continue the contract, the option will remain in effect and will continue until the end of the original program period.

If the contract is annuitized, surrendered, or liquidated for any reason prior to the end of the program period, all guarantees are terminated. A market value adjustment may apply to amounts transferred from a Guaranteed Term Option due to annuitization. A market value adjustment may apply to amounts withdrawn or transferred from a GTO and the withdrawal will be subject to the CDSC provisions of the contract.

After the end of the program period or after termination of the option the above conditions will no longer apply.

***Investments During the Program Period*** 

When the option is elected and after Nationwide receives all required information, Nationwide will declare the amount of the Contract Value that is available for allocation to the Non-Guaranteed Term Option component. The remainder of the Contract Value must be allocated to a Guaranteed Term Option, the length of which corresponds to the length of the program period elected by the Contract Owner. For program periods that begin on or after May 1, 2025, the requirement to allocate a portion of the Contract Value to the Guaranteed Term Option is removed; all Contract Value must be allocated to the Non-Guaranteed Option component.

Only certain investment options are available when a Contract Owner elects the Capital Preservation Plus Option. Nationwide selected the available investment options on the basis of certain risk factors associated with the underlying mutual fund's investment objective. The investment options that are unavailable were excluded on the basis of similar risk considerations.

Election of the Capital Preservation Plus Option will not be effective unless and until Nationwide receives allocation instructions based on the limited set of investment options. Allocations to investment options other than those listed are not permitted during the program period.

Nationwide reserves the right to modify the list of available investment options upon written notice to Contract Owners. If an investment option is deleted from the list of available investment options, such deletion will not affect Capital Preservation Plus Option programs already in effect.

***Withdrawals During the Program Period*** 

If the Contract Owner takes a withdrawal, Nationwide will surrender Accumulation Units from the Sub-Accounts and an amount from the Fixed Account and the GTO in proportion to the value in each option at the time of the withdrawal request, unless Nationwide is instructed otherwise. Withdrawals may not be taken exclusively from the Guaranteed Term Option. The partial withdrawal will cause a proportional negative adjustment to the guarantee. A market value adjustment may apply to amounts withdrawn from the GTO and the withdrawal will be subject to the CDSC provisions of the contract.

***Transfers During the Program Period*** 

Transfers to and from the Guaranteed Term Option are not permitted during the program period.

Transfers between and among the permitted investment options are subject to the terms and conditions in the *Transfers Prior to Annuitization* provision. During the program period, transfers to investment options that are not included in the Capital Preservation Plus Option program are not permitted.

***Terminating the Capital Preservation Plus Option*** 

Once elected, the Capital Preservation Plus Option cannot be revoked, except as provided below.

If the Contract Owner elected a program period matching a 7-year Guaranteed Term Option, upon reaching the fifth Contract Anniversary, the Contract Owner may terminate the Capital Preservation Plus Option. Any termination instructions must be received at the Service Center within 60 days after the fifth Contract Anniversary.

If the Contract Owner elected a program period matching a 10-year Guaranteed Term Option, upon reaching the seventh Contract Anniversary, the Contract Owner may terminate the Capital Preservation Plus Option. Any termination instructions must be received at the Service Center within 60 days after the seventh Contract Anniversary.

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If the Contract Owner terminates the Capital Preservation Plus Option as described above, the charges associated with the option will no longer be assessed, all guarantees associated with the option will terminate, the contract's investment allocations will remain the same as when the program was in effect (unless Nationwide is instructed otherwise), and all conditions associated with the Capital Preservation Plus Option are removed.

***Fulfilling the Return of Principal Guarantee*** 

At the end of the program period, if the Contract Value is less than the guaranteed amount, Nationwide will credit an amount to the contract so that the Contract Value equals the guaranteed amount. Amounts credited under this option are considered, for purposes of other benefits under this contract, earnings, not purchase payments. If the Contract Owner does not elect to begin a new Capital Preservation Plus Option program, the amount previously allocated to the Guaranteed Term Option and any amounts credited under the guarantee will be allocated to the money market Sub-Account.

***Election of a New Capital Preservation Plus Option*** 

At the end of any program period or after terminating a Capital Preservation Plus Option, the Contract Owner may elect to participate in a new Capital Preservation Plus Option program at the charges, rates and allocation percentages in effect at that point in time. Nationwide will communicate the ensuing program period end to the Contract Owner approximately 75 days before the end of the period and this notice will include a list of the limited investment options available. If the Contract Owner elects to participate in a new program, such election and complete instructions must be received by Nationwide within 60 days before the end of the preceding program period or within 60 days before the program termination, whichever is applicable.

**Ownership and Interests in the Contract**

**Contract Owner** 

Prior to the Annuitization Date, the Contract Owner has all rights under the contract, unless a joint owner is named. If a joint owner is named, each joint owner has all rights under the contract*.* **Purchasers who name someone other than themselves as the Contract Owner will have no rights under the contract.** 

On the Annuitization Date, the Contract Owner cedes all ownership rights to the Annuitant and the Annuitant becomes the Contract Owner, unless the Contract Owner is a Charitable Remainder Trust. If the Contract Owner is a Charitable Remainder Trust, the Charitable Remainder Trust continues to be the Contract Owner after annuitization.

**Joint Owner** 

Prior to the Annuitization Date, joint owners each own an undivided interest in the contract.

Non-Qualified Contract Owners can name a joint owner at any time before annuitization. However, joint owners must be spouses at the time joint ownership is requested, unless state law requires Nationwide to allow non-spousal joint owners. Joint ownership is not permitted on contracts owned by a non-natural Contract Owner.

Generally, the exercise of any ownership rights under the contract must be in writing and signed by both joint owners. However, if a written election, signed by both Contract Owners, authorizing Nationwide to allow the exercise of ownership rights independently by either joint owner is submitted, Nationwide will permit joint owners to act independently. If such an authorization is submitted, Nationwide will not be liable for any loss, liability, cost, or expense for acting in accordance with the instructions of either joint owner.

If either joint owner dies before the Annuitization Date, the contract continues with the surviving joint owner as the remaining Contract Owner.

On the Annuitization Date, both joint owners cede all ownership rights to the Annuitant and the Annuitant becomes the Contract Owner.

**Contingent Owner** 

Prior to the Annuitization Date, the contingent owner succeeds to the rights of a Contract Owner if a Contract Owner who is not the Annuitant dies before the Annuitization Date and there is no surviving joint owner.

If a Contract Owner who is the Annuitant dies before the Annuitization Date, the contingent owner will not have any rights under the contract, unless such contingent owner is also the beneficiary.

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The Contract Owner may name a contingent owner at any time before the Annuitization Date.

After the Annuitization Date, the contingent owner will not have any interest in the contract.

**Annuitant** 

Prior to the Annuitization Date, the Annuitant has no interest in the contract, but must be named in the application. Only Non-Qualified Contract Owners may name someone other than himself/herself as the Annuitant. This Annuitant must be age 85 or younger at the time of the contract issuance, unless Nationwide approves a request for an Annuitant of greater age.

On the Annuitization Date, the Annuitant becomes the new owner and has all ownership rights in the contract. The Annuitant is the person who receives annuity payments and the person upon whose continuation of life any annuity payment involving life contingencies depends.

**Co-Annuitant** 

Prior to the Annuitization Date, a Co-Annuitant is entitled to receive the benefit of the Spousal Protection Feature, provided all of the requirements set forth in the Spousal Protection Feature section are met. A Co-Annuitant, if named, must be named at the time of application and must be the Annuitant's spouse.

If either Co-Annuitant dies before the Annuitization Date, the surviving Co-Annuitant may continue the contract and will receive the benefit of the Spousal Protection Feature.

After the Annuitization Date, the Co-Annuitant has no interest in the contract.

**Contingent Annuitant** 

Prior to the Annuitization Date, if the Annuitant dies before the Annuitization Date, the Contingent Annuitant becomes the Annuitant and all provisions of the contract that are based on the Annuitants death prior to the Annuitization Date will be based on the death of the Contingent Annuitant. Only Non-Qualified Contract Owners may name a Contingent Annuitant. The Contingent Annuitant need not be named at the time of application. Regardless of when the Contingent Annuitant is added he/she must be (or must have been) age 85 or younger at the time of contract issuance, unless Nationwide approves a request for a Contingent Annuitant of greater age.

**Joint Annuitant** 

Prior to the Annuitization Date, there is no joint annuitant.

On the Annuitization Date, if applicable, a joint annuitant is named. The joint annuitant is designated as a second person (in addition to the Annuitant) upon whose continuation of life any annuity payment involving life contingencies depends.

**Beneficiary and Contingent Beneficiary** 

Prior to the Annuitization Date, the beneficiary is the person who is entitled to the death benefit if the Annuitant (and Contingent Annuitant, if applicable) dies before the Annuitization Date. The Contract Owner can name more than one beneficiary. Multiple beneficiaries will share the death benefit equally, unless otherwise specified.

A contingent beneficiary will succeed to the rights of the beneficiary if no beneficiary is alive when a death benefit is paid. The Contract Owner can name more than one contingent beneficiary. Multiple contingent beneficiaries will share the death benefit equally, unless otherwise specified.

After the Annuitization Date, the beneficiaries and contingent beneficiaries have no interest in the contract.

**Changes to the Parties to the Contract** 

Prior to the Annuitization Date (and subject to any existing assignments), the Contract Owner may request to change the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Owner (Non-Qualified Contracts only);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• joint owner (must be Contract Owner's spouse);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• contingent owner;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annuitant (subject to Nationwide's underwriting and approval);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contingent Annuitant (subject to Nationwide's underwriting and approval);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Co-Annuitant (must be the Annuitant's spouse);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• beneficiary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• contingent beneficiary.

The Contract Owner must submit the request to Nationwide in writing and Nationwide must receive the request at the Service Center before the Annuitization Date. Once Nationwide receives and records the change request, the change will be effective as of the date the written request was signed (unless otherwise specified by the Contract Owner), whether or not the Contract Owner or Annuitant is living at the time it was recorded. The change will not affect any action taken by Nationwide before the change was recorded. Nationwide reserves the right to reject any change request that would alter the nature of the risk that Nationwide assumed when it originally issued the contract.

If the Contract Owner is not a natural person and there is a change of the Annuitant, distributions will be made as if the Contract Owner died at the time of the change, regardless of whether the Contract Owner named a Contingent Annuitant.

Any request to change the Contract Owner must be signed by the existing Contract Owner and the person designated as the new Contract Owner. Nationwide may require a signature guarantee. Changes in contract ownership may result in federal income taxation and may be subject to state and federal gift taxes. Changes in ownership and contract assignments could have a negative impact on certain benefits under the contract, including the death benefit.

Certain options and features under the contract have specific requirements as to who can be named as the Contract Owner, Annuitant, Co-Annuitant, and/or beneficiary in order to receive the benefit of the option or feature. Changes to the parties to the contract may result in the termination or loss of benefit of these options or features. Contract Owners contemplating changes to the parties to the contract should contact their financial professional to determine how the changes impact the options and features under the contract.

**Community Property States** 

In community property states, the Contract Owner's spouse may have a community property interest in the proceeds of an annuity contract even if the spouse is not a named party on the contract. Changes of beneficiary and/or ownership, assignment, and certain financial transactions may impede the spouse's community property interest. The spouse may need to consent to these types of transactions. The Contract Owner should seek legal advice regarding the applicability of community property laws to the contract and whether spousal consent is necessary. Nationwide is not responsible for determining the applicability of community property laws to the contract.

**Assignment** 

Contracts other than Non-Qualified Contracts may not be assigned, pledged or otherwise transferred except where allowed by law.

A Non-Qualified Contract Owner may assign some or all rights under the contract while the Annuitant is alive, subject to Nationwide's consent. Nationwide is not responsible for the validity or tax consequences of any assignment and Nationwide is not liable for any payment or settlement made before the assignment is recorded. Assignments will not be recorded until Nationwide receives sufficient direction from the Contract Owner and the assignee regarding the proper allocation of contract rights.

Amounts pledged or assigned will be treated as distributions and will be included in gross income to the extent that the cash value exceeds the investment in the contract for the taxable year in which it was pledged or assigned. Amounts assigned may be subject to a tax penalty equal to 10% of the amount included in gross income.

Assignment of the entire Contract Value may cause the portion of the Contract Value exceeding the total investment in the contract and previously taxed amounts to be included in gross income for federal income tax purposes each year that the assignment is in effect.

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**Beneficially Owned Contracts** 

A beneficially owned contract is a contract that is inherited by a beneficiary and the beneficiary holds the contract as a beneficiary (as opposed to treating the contract as his/her own) to facilitate the distribution of a death benefit or contract value in accordance with the applicable federal tax laws (see *Appendix B: Contract Types and Tax Information*). An owner of a beneficially owned contract is referred to as a "beneficial owner."

Not all options and features described in this prospectus are available to beneficially owned contracts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No changes to the parties will be permitted on any beneficially owned contract, except that a beneficial owner may request changes to their successor beneficiary(ies).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• There is no death benefit payable on a continued beneficially owned contract. After the death of the beneficial owner, any remaining death benefit or contract value to be distributed will be payable to a successor beneficiary in accordance with applicable federal tax laws.

A beneficiary who is the surviving spouse of a contract owner has the option under the tax laws to continue the contract as the sole contract owner and treat the contract as the spouse's own. If a spouse continues the contract as the sole contract owner, the spouse will not be treated as a beneficial owner and this section will not apply.

**Operation of the Contract**

**Pricing** 

Generally, Nationwide prices Accumulation Units on each day that the New York Stock Exchange is open. (Pricing is the calculation of a new Accumulation Unit value that reflects that day's investment experience.)

Accumulation Units are not priced when the New York Stock Exchange is closed or on the following nationally recognized holidays (or on the dates that such holidays are observed by the New York Stock Exchange):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New Year's Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Martin Luther King, Jr. Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Presidents' Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Good Friday

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Memorial Day

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Juneteenth National Independence Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Independence Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Labor Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Thanksgiving

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Christmas

Nationwide also will not price purchase payments, withdrawals, or transfers if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) trading on the New York Stock Exchange is restricted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) an emergency exists making disposal or valuation of securities held in the Variable Account impracticable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the SEC, by order, permits a suspension or postponement for the protection of security holders.

Rules and regulations of the SEC will govern as to when the conditions described in (1) and (2) exist. If Nationwide is closed on days when the New York Stock Exchange is open, Contract Value may change and Contract Owners will not have access to their accounts.

**Application and Allocation of Purchase Payments** 

***Initial Purchase Payments*** 

Initial purchase payments will be priced at the Accumulation Unit value next determined no later than two business days after receipt of an order to purchase if the application and all necessary information are complete and are received at the Service Center before the close of regular trading on the New York Stock Exchange, which generally occurs at 4:00 p.m. EST. If the order is received after the close of regular trading on the New York Stock Exchange, the initial purchase payment will be priced within two business days after the next Valuation Date.

If an incomplete application is not completed within five business days after receipt at the Service Center, the prospective purchaser will be informed of the reason for the delay. The purchase payment will be returned unless the prospective purchaser specifically consents to allow Nationwide to hold the purchase payment until the application is completed.

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Generally, initial purchase payments are allocated according to Contract Owner instructions on the application. However, in some states, Nationwide will allocate initial purchase payments to the money market Sub-Account during the free look period. After the free look period, Nationwide will reallocate the Contract Value among the investment options based on the instructions contained on the application. In other states, Nationwide will immediately allocate initial purchase payments to the investment options based on the instructions contained on the application. Contact the Service Center or refer to your contract for state specific information on the allocation of initial purchase payments.

***Subsequent Purchase Payments*** 

Any subsequent purchase payment received at the Service Center (along with all necessary information) before the close of regular trading on the New York Stock Exchange on any Valuation Date will be priced at the Accumulation Unit value next determined after receipt of the purchase payment. If a subsequent purchase payment is received at the Service Center (along with all necessary information) after the close of regular trading on the New York Stock Exchange, it will be priced at the Accumulation Unit value determined on the following Valuation Date.

***Allocation of Purchase Payments*** 

Nationwide allocates purchase payments to the Sub-Accounts and/or Fixed Account as instructed by the Contract Owner. Effective May 1, 2025, the GTOs are not available to receive new allocations, transfers, or renewals. Shares of the underlying mutual funds in which the Sub-Accounts invest are purchased at Net Asset Value, then the Contract Owner receives Accumulation Units in the Sub-Account(s) to which the Contract Owner allocated purchase payments.

Contract Owners can change allocations or make exchanges among the Sub-Accounts after the time of application by submitting a written request to the Service Center. However, no change may be made that would result in an amount less than 1% of the purchase payments being allocated to any Sub-Account. In the event that Nationwide receives such a request, Nationwide will inform the Contract Owner that the allocation instructions are invalid and that the contract's allocations among the Sub-Accounts prior to the request will remain in effect. Certain transactions may be subject to conditions imposed by the underlying mutual funds.

**Determining the Contract Value**

The Contract Value is the sum of the value of amounts (including any Extra Value Option credits applied to the contract) allocated to the Sub-Accounts plus any amount held in the Fixed Account, the GTOs, and the collateral fixed account. If charges are assessed against the whole Contract Value, Nationwide will deduct a proportionate amount from each Sub-Account, the Fixed Account, and the GTOs based on current cash values.

***Determining Variable Account Value - Valuing an Accumulation Unit*** 

Sub-Account allocations are accounted for in Accumulation Units. Accumulation Unit values (for each Sub-Account) are determined by calculating the Net Investment Factor for the Sub-Accounts for the current Valuation Period and multiplying that result with the Accumulation Unit values determined on the previous Valuation Period. For each Sub-Account, the Net Investment Factor is the investment performance of the underlying mutual fund in which a particular Sub-Account invests, including the charges assessed against that Sub-Account for a Valuation Period.

Nationwide uses the Net Investment Factor as a way to calculate the investment performance of a Sub-Account from Valuation Period to Valuation Period.

The Net Investment Factor for any particular Sub-Account before the Annuitization Date is determined by dividing (a) by (b), and then subtracting (c) from the result, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Net Asset Value of the underlying mutual fund as of the end of the current Valuation Period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the per share amount of any dividend or income distributions made by the underlying mutual fund (if the date of the dividend or income distribution occurs during the current Valuation Period).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the Net Asset Value of the underlying mutual fund determined as of the end of the preceding Valuation Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) is a factor representing the daily total Variable Account charges, which may include charges for optional benefits elected by the Contract Owner. The factor is equal to an annualized rate ranging from 0.95% to 3.95% of the Daily Net Assets, depending on which optional benefits the Contract Owner elects.

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Based on the change in the Net Investment Factor, the value of an Accumulation Unit may increase or decrease. Changes in the Net Investment Factor may not be directly proportional to changes in the Net Asset Value of the underlying mutual fund shares because of the deduction of Variable Account charges.

Though the number of Accumulation Units will not change as a result of investment experience, the value of an Accumulation Unit may increase or decrease from Valuation Period to Valuation Period.

***Determining Fixed Account Value*** 

Nationwide determines the value of the Fixed Account by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) adding all amounts allocated to the Fixed Account (including any Extra Value Option credits applied to the contract), minus amounts previously transferred or withdrawn from the Fixed Account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) adding any interest earned on the amounts allocated to the Fixed Account; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) subtracting charges deducted in accordance with the contract.

***Determining Guaranteed Term Option Value*** 

Nationwide determines the value of a Guaranteed Term Option by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) adding all amounts allocated to any Guaranteed Term Option (including any Extra Value Option credits applied to the contract), minus amounts previously transferred or withdrawn from a Guaranteed Term Option (which may be subject to a market value adjustment);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) adding any interest earned on the amounts allocated to a Guaranteed Term Option; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) subtracting charges deducted in accordance with the contract.

**Transfer Requests** 

Contract Owners may submit transfer requests in writing, over the telephone, or via the Internet to the Service Center. Some benefits or features under the contract may limit the manner in which transfer requests can be submitted, as indicated in the respective provision. Nationwide may restrict or withdraw the telephone and/or Internet transfer privilege at any time.

Generally, Sub-Account transfers will receive the Accumulation Unit value next computed after the transfer request is received at the Service Center. However, if a contract that is limited to submitting transfer requests via U.S. mail submits a transfer request via the Internet or telephone pursuant to Nationwide's one-day delay policy, the transfer will be executed on the next Valuation Date after the exchange request is received at the Service Center (see *Transfer Restrictions*).

**Transfers Prior to Annuitization**

***Transfers from the Fixed Account*** 

A Contract Owner may request to transfer allocations from the Fixed Account to the Sub-Accounts or a GTO only upon reaching the end of a Fixed Account interest rate guarantee period. Fixed Account transfers must be made within 45 days after the end of the interest rate guarantee period.

Normally, Nationwide will permit 100% of the maturing Fixed Account allocations to be transferred. However, Nationwide may limit the amount that can be transferred from the Fixed Account. Nationwide will determine the amount that may be transferred and will declare this amount at the end of the Fixed Account interest rate guarantee period. The maximum transferable amount will never be less than 10% of the Fixed Account allocation reaching the end of a Fixed Account interest rate guarantee period. Any limit on the amount that can be transferred from the Fixed Account will be communicated to impacted Contract Owners at the end of the Fixed Account interest rate guarantee period. Any such limitations will substantially extend the amount of time it takes to transfer the entire Fixed Account allocation to another investment option.

Contract Owners who use Dollar Cost Averaging may transfer from the Fixed Account under the terms of that program.

Effective May 1, 2025, no transfers from the Fixed Account to the Guaranteed Term Options are permitted.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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***Transfers to the Fixed Account*** 

Normally, Nationwide will not restrict transfers to the Fixed Account; however, Nationwide may establish a maximum transfer limit for transfers to the Fixed Account. Except as noted below, the transfer limit will not be less than 10% of the current value of Sub-Account allocations, less any transfers made in the 12 months preceding the date the transfer is requested, but not including transfers made prior to the imposition of the transfer limit.

Nationwide reserves the right to limit or refuse transfers to the Fixed Account. Generally, Nationwide will invoke this right when interest rates are low by historical standards.

***Transfers from a Guaranteed Term Option*** 

Transfers from a Guaranteed Term Option prior to maturity are subject to a market value adjustment.

***Transfers from the Sub-Accounts*** 

Except as otherwise indicated in *Transfers to the Fixed Account*, a Contract Owner may request to transfer allocations from the Sub-Accounts to the Fixed Account at any time. Effective May 1, 2025, no transfers from the Sub-Accounts to the Guaranteed Term Options are permitted.

***Transfers Among the Sub-Accounts*** 

A Contract Owner may request to transfer allocations among the Sub-Accounts at any time, subject to terms and conditions imposed by this prospectus and the underlying mutual funds.

**Transfers After Annuitization** 

After annuitization, the portion of the Contract Value allocated to fixed annuity payments and the portion of the Contract Value allocated to variable annuity payments may not be changed.

After annuitization, if variable annuity payments are elected, transfers among Sub-Accounts may only be made once per calendar year*.* See *Annuitizing the Contract.*

**Transfer Restrictions**

Neither the contracts described in this prospectus nor the underlying mutual funds are designed to support active trading strategies that require frequent movement between or among Sub-Accounts (sometimes referred to as "market-timing" or "short-term trading"). A Contract Owner who intends to use an active trading strategy should consult his/her financial professional and request information on other Nationwide variable annuity contracts that offer investment in underlying mutual funds that are designed specifically to support active trading strategies.

Nationwide discourages (and will take action to deter) short-term trading in this contract because the frequent movement between or among Sub-Accounts may negatively impact other investors in the contract. Short-term trading can result in:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the dilution of the value of the investors' interests in the underlying mutual fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• underlying mutual fund managers taking actions that negatively impact performance (keeping a larger portion of the underlying mutual fund assets in cash or liquidating investments prematurely in order to support redemption requests); and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• increased administrative costs due to frequent purchases and redemptions.

To protect investors in this contract from the negative impact of these practices, Nationwide has implemented, or reserves the right to implement, several processes and/or restrictions aimed at eliminating the negative impact of active trading strategies. Nationwide makes no assurances that all risks associated with short-term trading will be completely eliminated by these processes and/or restrictions.

Nationwide cannot guarantee that its attempts to deter active trading strategies will be successful. If Nationwide is unable to deter active trading strategies, the performance of the Sub-Accounts that are actively traded may be adversely impacted.

***U.S. Mail Restrictions*** 

Nationwide monitors transfer activity in order to identify those who may be engaged in harmful trading practices. Transaction reports are produced and examined. Generally, a contract may appear on these reports if the Contract Owner (or a third party acting on their behalf) engages in a certain number of "transfer events" in a given period. A "transfer event" is any transfer, or combination of transfers, occurring on a given trading day (Valuation Period). For example, if a

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Contract Owner executes multiple transfers involving 10 investment options in one day, this counts as one transfer event. A single transfer occurring on a given trading day and involving only two investment options will also count as one transfer event.

As a result of this monitoring process, Nationwide may restrict the method of communication by which transfer orders will be accepted. In general, Nationwide will adhere to the following guidelines:

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| | |
|:---|:---|
| **Trading Behavior** | **Nationwide's Response** |
| Six or more transfer events within <br> one calendar quarter<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide will mail a letter to the Contract Owner notifying them that:<br> (1)they have been identified as engaging in harmful trading practices; and<br> (2)if their transfer events total 11 within two consecutive calendar quarters or 20 within one <br> calendar year, the Contract Owner will be limited to submitting transfer requests via U.S. <br> mail on a Nationwide issued form.<br>|
| 11 transfer events within two <br> consecutive calendar quarters<br> OR<br> 20 transfer events within one <br> calendar year<br>| &nbsp;&nbsp; Nationwide will automatically limit the Contract Owner to submitting transfer requests via U.S. <br> mail on a Nationwide issued form.<br>|

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For purposes of Nationwide's transfer policy, U.S. mail includes standard U.S. mail, overnight U.S. mail, and overnight delivery via private carrier.

For calendar year restrictions, each January 1, Nationwide will start the monitoring anew, so that each contract starts with 0 transfer events each January 1. For restrictions on transfer events within two consecutive calendar quarters, Nationwide refreshes the transfer event restriction period at the beginning of each calendar quarter considering only transfers that occur in the current calendar quarter and occurred in the immediately preceding calendar quarter.

Contract Owners that are required to submit transfer requests via U.S. mail will be required to use a Nationwide issued form for their transfer request. Nationwide will refuse transfer requests that either do not use the Nationwide issued form for their transfer request or fail to provide accurate and complete information on their transfer request form. In the event that a Contract Owner's transfer request is refused by Nationwide, they will receive notice in writing by U.S. mail and will be required to resubmit their transfer request on a Nationwide issued form.

*Managers of Multiple Contracts* 

Some investment financial professionals manage the assets of multiple Nationwide contracts pursuant to trading authority granted or conveyed by multiple Contract Owners. These multi-contract financial professionals may be required by Nationwide to submit all transfer requests via U.S. mail.

Nationwide may, as an administrative practice, implement a "one-day delay" program for these multi-contract financial professionals, which they can use in addition to or in lieu of submitting transfer requests via U.S. mail. The one-day delay option permits multi-contract financial professionals to continue to submit transfer requests via the Internet or telephone. However, transfer requests submitted by multi-contract financial professionals via the Internet or telephone will not receive the next available Accumulation Unit value. Rather, they will receive the Accumulation Unit value that is calculated on the following Valuation Date. Transfer requests submitted under the one-day delay program are irrevocable. Multi-contract financial professionals will receive advance notice of being subject to the one-day delay program.

***Other Restrictions*** 

Nationwide reserves the right to refuse or limit transfer requests, or take any other action it deems necessary in order to protect Contract Owners, Annuitants, and beneficiaries from the negative investment results that may result from short-term trading or other harmful investment practices employed by some Contract Owners (or third parties acting on their behalf). In particular, trading strategies designed to avoid or take advantage of Nationwide's monitoring procedures (and other measures aimed at curbing harmful trading practices) that are nevertheless determined by Nationwide to constitute harmful trading practices, may be restricted.

Any restrictions that Nationwide implements will be applied consistently and uniformly.

***Underlying Mutual Fund Restrictions and Prohibitions*** 

Pursuant to regulations adopted by the SEC, Nationwide is required to enter into written agreements with the underlying mutual funds which allow the underlying mutual funds to:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) request the taxpayer identification number, international taxpayer identification number, or other government issued identifier of any Contract Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) request the amounts and dates of any purchase, redemption, transfer, or exchange request ("transaction information"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) instruct Nationwide to restrict or prohibit further purchases or exchanges by Contract Owners that violate policies established by the underlying mutual fund (whose policies may be more restrictive than Nationwide's policies).

Nationwide is required to provide such transaction information to the underlying mutual funds upon their request. In addition, Nationwide is required to restrict or prohibit further purchases or requests to exchange into a specific Sub-Account upon instruction from the underlying mutual fund in which that Sub-Account invests. Nationwide and any affected Contract Owner may not have advance notice of such instructions from an underlying mutual fund to restrict or prohibit further purchases or requests to exchange. If an underlying mutual fund refuses to accept a purchase or request to exchange into the Sub-Account associated with the underlying mutual fund submitted by Nationwide, Nationwide will keep any affected Contract Owner in their current Sub-Account allocation.

**Right to Examine and Cancel**

If the Contract Owner elects to cancel the contract, he/she may return it to the Service Center within a certain period of time known as the "free look" period. Depending on the state in which the contract was purchased (and, in some states, if the contract is purchased as a replacement for another annuity contract), the free look period may be 10 days or longer. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date. The contract issue date is the date the initial purchase payment is applied to the contract.

Where state law requires the return of purchase payments for free look cancellations, Nationwide will return all purchase payments applied to the contract, less any withdrawals from the contract and any applicable federal and state income tax withholding. Nationwide will recapture all of the Extra Value Option credits applied to the contract, but under no circumstances will the amount returned be less than the purchase payments made to the contract.

Where state law requires the return of Contract Value for free look cancellations, Nationwide will return the Contract Value as of the date of the cancellation, less any withdrawals from the contract and any applicable federal and state income tax withholding. Nationwide will recapture all of the Extra Value Option credits applied to the contract. The Contract Owner will retain any earnings attributable to the Extra Value Option credits, but all losses attributable to the Extra Value Option credits will be incurred by Nationwide.

Liability of the Variable Account under this provision is limited to the Contract Value in each Sub-Account on the date of revocation. Any additional amounts refunded to the Contract Owner will be paid by Nationwide.

**Allocation of Purchase Payments during Free Look Period** 

Where state law requires the return of purchase payments for free look cancellations, Nationwide will allocate initial purchase payments allocated to Sub-Accounts to the money market Sub-Account during the free look period.

Where state law requires the return of Contract Value for free look cancellations, Nationwide will immediately allocate initial purchase payments to the investment options based on the instructions contained on the application.

**Surrender/Withdrawal Prior to Annuitization**

Prior to annuitization and before the Annuitant's death, Contract Owners may generally withdraw some or all of their Contract Value. Withdrawals from the contract may be subject to federal income tax and/or a tax penalty (see *Appendix B: Contract Types and Tax Information*). Withdrawal requests may be submitted in writing or by telephone to the Service Center and Nationwide may require additional information. Requests submitted by telephone may be subject to dollar amount limitations and may be subject to payment and other restrictions to prevent fraud. Nationwide reserves the right to require written requests to be submitted on current Nationwide forms for withdrawals. Nationwide reserves the right to remove the ability to submit requests by telephone upon written notice. Contact the Service Center for current limitations and restrictions. When taking a full surrender, Nationwide may require that the contract accompany the request. Nationwide may require a signature guarantee.

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Surrender and withdrawal requests will receive the Accumulation Unit value next determined at the end of the current Valuation Period if the request and all necessary information is received at the Service Center before the close of regular trading on the New York Stock Exchange (generally, 4:00 pm EST). If the request and all necessary information is received after the close of regular trading on the New York Stock Exchange, the request will receive the Accumulation Unit value determined at the end of the next Valuation Day.

Nationwide will pay any amounts withdrawn from the Sub-Accounts within seven days after the request is received in good order at the Service Center (see *Determining the Contract Value*). However, Nationwide may suspend or postpone payment when it is unable to price a purchase payment or transfer, or as permitted or required by federal securities laws and rules and regulations of the SEC.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

A withdrawal from a GTO prior to its maturity date will be assessed a market value adjustment. The application of the market value adjustment could result in a loss.

If the Extra Value Option has been elected, and the amount withdrawn is subject to a CDSC, then for the first seven Contract Years only, a portion of the amount credited under the Extra Value Option may be recaptured. No recapture will take place after the end of the seventh Contract Year.

**Partial Withdrawals** 

If a Contract Owner requests a partial withdrawal, Nationwide will redeem Accumulation Units from the Sub-Accounts and an amount from the Fixed Account and the GTOs. The amount withdrawn from each investment option will be in proportion to the value in each option at the time of the withdrawal request, unless Nationwide is instructed otherwise.

Partial withdrawals are subject to the CDSC provisions of the contract. If a CDSC is assessed, the Contract Owner may elect to have the CDSC deducted from either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the amount requested; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Contract Value remaining after the Contract Owner has received the amount requested.

If the Contract Owner does not make a specific election, any applicable CDSC will be deducted from the amount requested by the Contract Owner.

The CDSC deducted is a percentage of the amount requested by the Contract Owner. Amounts deducted for CDSC are not subject to subsequent CDSC.

***Partial Withdrawals to Pay Investment Advisory Fees*** 

Some Contract Owners utilize an investment advisor(s) to manage their assets, for which the investment advisor assesses a fee. Investment advisors are not endorsed or affiliated with Nationwide and Nationwide makes no representation as to their qualifications. The fees for these investment advisory services are specified in the respective account agreements and are separate from and in addition to the contract fees and expenses described in this prospectus. Some Contract Owners authorize their investment advisor to take a partial withdrawal(s) from the contract in order to collect investment advisory fees. Withdrawals taken from this contract to pay advisory or investment management fees are subject to the CDSC provisions of the contract and may be subject to income tax and/or tax penalties.

**Full Surrenders** 

Upon full surrender, the Contract Value may be more or less than the total of all purchase payments made to the contract. The Contract Value will reflect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• standard contract charges

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• charges for optional benefits elected by the Contract Owner

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• underlying mutual fund charges

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• investment performance of the Sub-Accounts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• interest credited to Fixed Account allocations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amounts credited to GTO allocations, plus or minus any applicable market value adjustment

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• application of any Extra Value Option credits (and any recapture of such credits, if applicable)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any outstanding loan balance plus accrued interest

A CDSC may apply.

**Surrender/Withdrawal After Annuitization**

After the Annuitization Date, withdrawals other than regularly scheduled annuity payments are not permitted.

**Withdrawals Under Certain Plan Types**

**Withdrawals Under a Texas Optional Retirement Program or a Louisiana Optional Retirement Plan** 

Redemption restrictions apply to contracts issued under the Texas Optional Retirement Program or the Louisiana Optional Retirement Plan.

The Texas Attorney General has ruled that participants in contracts issued under the Texas Optional Retirement Program may only take withdrawals if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant retires;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant terminates employment due to total disability; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant that works in a Texas public institution of higher education terminates employment.

A participant under a contract issued under the Louisiana Optional Retirement Plan may only take distributions from the contract upon retirement or termination of employment. All retirement benefits under this type of plan must be paid as lifetime income; lump sum cash payments are not permitted, except for death benefits.

Due to these restrictions, a participant under either of these plans will not be able to withdraw Cash Value from the contract unless one of the applicable conditions is met. However, Contract Value may be transferred to other carriers, subject to any CDSC.

Nationwide issues this contract to participants in the Texas Optional Retirement Program in reliance upon and in compliance with Rule 6c-7 of the Investment Company Act of 1940. Nationwide issues this contract to participants in the Louisiana Optional Retirement Plan in reliance upon and in compliance with an exemptive order that Nationwide received from the SEC on August 22, 1990.

**Withdrawals Under a Tax Sheltered Annuity** 

Contract Owners of a Tax Sheltered Annuity may withdraw part or all of their Contract Value before the earlier of the Annuitization Date or the Annuitant's death, except as provided below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Contract Value attributable to contributions made under a qualified cash or deferred arrangement (within the meaning of Internal Revenue Code Section 402(g)(3)(A)), a salary reduction agreement (within the meaning of Internal Revenue Code Section 402(g)(3)(C)), or transfers from a Custodial Account (described in Section 403(b)(7) of the Internal Revenue Code), may be withdrawn only:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) when the Contract Owner reaches age 59½, separates from service, dies, or becomes disabled (within the meaning of Internal Revenue Code Section 72(m)(7)); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) in the case of hardship (as defined for purposes of Internal Revenue Code Section 401(k)), provided that any such hardship surrender may not include any income earned on salary reduction contributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) The withdrawal limitations described previously also apply to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) salary reduction contributions to Tax Sheltered Annuities made for plan years beginning after December 31, 1988;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) earnings credited to such contracts after the last plan year beginning before January 1, 1989, on amounts attributable to salary reduction contributions; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) all amounts transferred from Internal Revenue Code Section 403(b)(7) Custodial Accounts (except that earnings and employer contributions as of December 31, 1988 in such Custodial Accounts may be withdrawn in the case of hardship).

Any distribution other than the above, including a free look cancellation of the contract (when available) may result in taxes, penalties, and/or retroactive disqualification of a Tax Sheltered Annuity.

In order to prevent disqualification of a Tax Sheltered Annuity after a free look cancellation, Nationwide will transfer the proceeds to another Tax Sheltered Annuity upon proper direction by the Contract Owner.

These provisions explain Nationwide's understanding of current withdrawal restrictions. These restrictions may change.

Distributions pursuant to Qualified Domestic Relations Orders will not violate the restrictions stated previously.

**Loan Privilege** 

The loan privilege is only available to owners of Tax Sheltered Annuities. Loans may be taken from the Contract Value after expiration of the free look period up to the Annuitization Date. Loans are subject to the terms of the contract, the plan, and the Internal Revenue Code. Nationwide may modify the terms of a loan to comply with changes in applicable law. Loans are not available in all states.

**Minimum and Maximum Loan Amounts** 

Contract Owners may borrow a minimum of $1,000, unless Nationwide is required by law to allow a lesser minimum amount. Each loan must individually satisfy the contract minimum amount.

The maximum nontaxable loan amount is based on information provided by the participant or the employer. This amount may be impacted if a participant has additional loans from other plans. The total of all outstanding loans must not exceed the following limits:

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| | | |
|:---|:---|:---|
|  | **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\*) |

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\*

The $50,000 limits will be reduced by the highest outstanding balance owed during the previous 12 months.

For salary reduction Tax Sheltered Annuities, loans may be secured only by the Contract Value.

**Maximum Loan Processing Fee** 

Nationwide charges a Loan Processing Fee at the time each new loan is processed. The Loan Processing Fee will not exceed $25 per loan processed. This fee compensates Nationwide for expenses related to administering and processing loans. Loans are not available in all states. In addition, some states may not allow Nationwide to assess a Loan Processing Fee.

The fee is taken from all of the investment options in proportion to the Contract Value at the time the loan is processed.

**How Loan Requests are Processed** 

All loans are made from assets in Nationwide's General Account. As collateral for the loan, Nationwide holds an amount equal to the loan in a collateral fixed account (which is part of Nationwide's General Account).

When a loan request is processed, Nationwide transfers Accumulation Units from the Sub-Accounts to the collateral fixed account until the requested amount is reached. The amount deducted from the Sub-Accounts will be in the same proportion as the Sub-Account allocations, unless the Contract Owner has instructed otherwise. If there are not enough Accumulation Units available in the contract to reach the requested loan amount, Nationwide would then transfer Contract Value from the Fixed Account. Contract Value transferred from the Fixed Account to meet the requested loan amount is not subject to the Fixed Account transfer limitations otherwise applicable under the contract.

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If the requested loan amount is not reached based on the transfers stated above, any remaining required collateral for the loan will be transferred from the Guaranteed Term Options. Transfers from the Guaranteed Term Options may be subject to a market value adjustment.

No CDSC will be deducted on transfers related to loan processing.

**Interest Charged and Credited** 

Compound interest is charged on the outstanding loan balance consisting of outstanding principal plus accrued interest. The total interest rate is comprised of a collateral interest rate plus a finance interest rate. The total interest rate is disclosed at the time of loan application or loan issuance.

The finance interest rate will be 2.25%. The collateral interest rate will be the total interest rate minus the finance interest rate and will be no less than the guaranteed minimum interest rate stated in the contract.

When a loan is repaid in accordance with the payment schedule provided at the time the loan is issued, collateral interest and finance interest that accrue between scheduled payments are paid off. As payments are made, collateral interest is credited to the collateral fixed account, and finance interest is paid to Nationwide. Finance interest may provide revenue for risk charges and profit.

**Accrual of Principal and Interest After Default** 

Upon default, unpaid principal and collateral interest, and finance interest, will separately accrue and compound at the total interest rate. When the total interest rate is applied to accruing finance interest after default, the entire amount of interest is added to the outstanding finance interest. This will cause the total amount of the outstanding loan balance to grow rapidly over time.

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| | | | | |
|:---|:---|:---|:---|:---|
| ***Example:*** |  |  |  |  |
| Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | 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; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $50,000<br> (outstanding principal)<br>| = | &nbsp;&nbsp; $3,125<br> ($2,000 =collateral interest<br> $1,125 = finance interest)<br>|
| 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; |
| $2,000<br> (collateral interest)<br>| + | &nbsp;&nbsp; $50,000<br> (outstanding principal)<br>| = | &nbsp;&nbsp; $52,000<br> (outstanding principal <br> and collateral interest)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and |
| $1,125<br> (outstanding finance <br> interest)<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. |
| $52,000<br> (outstanding principal <br> and collateral interest)<br>| + | &nbsp;&nbsp; $1,125<br> (outstanding finance <br> interest)<br>| = | &nbsp;&nbsp; $53,125<br> (total outstanding <br> principal and interest)<br>|
| Thereafter, when interest is <br> calculated:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; |

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| | | | | |
|:---|:---|:---|:---|:---|
| ***Example:*** |  |  |  |  |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $52,000<br> (1A outstanding <br> principal and <br> collateral interest)<br>| = | &nbsp;&nbsp; $3,250<br> ($2,080 = collateral interest<br> $1,170 = finance interest)<br>|
| 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; |
| $2,080<br> (collateral interest)<br>| + | &nbsp;&nbsp; $52,000<br> (1A outstanding <br> principal and <br> collateral interest)<br>| = | &nbsp;&nbsp; $54,080<br> (outstanding principal <br> and collateral interest)<br>|
| 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $1,125<br> (outstanding finance <br> interest)<br>| = | &nbsp;&nbsp; $70.31<br> (finance interest)<br>|
| $70.31<br> (finance interest)<br>| + | &nbsp;&nbsp; $1,125<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $1,195.31<br> (outstanding <br> finance interest)<br>|
| 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; |
| $1,170<br> (finance interest)<br>| + | &nbsp;&nbsp; $1,195.31<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $2,365.31<br> (outstanding <br> finance interest)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. |
| $54,080<br> (total outstanding principal <br> and collateral interest)<br>| + | &nbsp;&nbsp; $2,365.31<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $56,445.31<br> (total outstanding <br> principal and interest)<br>|
| This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: |
| Outstanding Principal | Outstanding Principal | Outstanding Principal |  | $50000 |
| Outstanding Collateral Interest | Outstanding Collateral Interest | Outstanding Collateral Interest |  | $40047 |
| Outstanding Finance Interest | Outstanding Finance Interest | Outstanding Finance Interest |  | $34091 |
| Total Outstanding Principal and Interest | Total Outstanding Principal and Interest | Total Outstanding Principal and Interest |  | $124138 |

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**Loan Repayment** 

Loans must be repaid in five years. However, if the loan is used to purchase the Contract Owner's principal residence, the Contract Owner has 15 years to repay the loan.

Contract Owners must identify loan repayments as loan repayments or they will be treated as purchase payments and will not reduce the outstanding loan balance. Payments must be substantially level and made at least quarterly. Over time, unpaid loan interest charges can cause the total amount of the outstanding loan balance to be significant, so it is advantageous to make a loan repayment at least quarterly. The Contract Owner should contact the Service Center to obtain loan pay-off amounts.

When the Contract Owner makes a loan repayment, the amount in the collateral fixed account will be reduced by the amount of the payment that represents loan principal. Additionally, the amount of the payment that represents loan principal and credited interest will be applied to the Sub-Accounts and the Fixed Account in accordance with the allocation instructions in effect at the time the payment is received, unless the Contract Owner directs otherwise.

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Loan repayments to the Guaranteed Term Options must be at least $1,000. If the proportional share of the repayment to the Guaranteed Term Option is less than $1,000, that portion of the repayment will be allocated to the money market Sub-Account unless the Contract Owner directs otherwise.

**Distributions and Annuity Payments** 

Distributions made from the contract while a loan is outstanding will be reduced by the amount of the outstanding loan plus accrued interest if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is surrendered;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Owner/Annuitant dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Owner who is not the Annuitant dies prior to annuitization; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• annuity payments begin.

**Transferring the Contract** 

Nationwide reserves the right to restrict any transfer of the contract while the loan is outstanding.

**Grace Period and Loan Default** 

If a loan payment is not made when due, interest will continue to accrue. A grace period may be available (refer to the terms of the loan agreement). During the grace period, the loan is considered outstanding, but not in default. If a loan payment is not made by the end of the applicable grace period and the Contract Owner is eligible for a distribution, the loan payment amount may be deducted from the Contract Value and applied as a loan payment, which will be treated as an actual distribution.

If the Contract Owner fails to make a full payment by the end of the applicable grace period, and is not eligible to take a distribution, the loan will default. In the year of a default, the entire outstanding loan balance, plus accrued interest, will be treated as a deemed distribution and will be taxable to the Contract Owner. This deemed distribution may also be subject to an early withdrawal tax penalty by the Internal Revenue Service. After default, the loan is still outstanding and interest will continue to accrue until the entire loan balance has been repaid. Additional loans are not available until all defaulted loans have been repaid.

**Contract Owner Services**

**Asset Rebalancing** 

Asset Rebalancing is the automatic reallocation of Contract Values to the Sub-Accounts on a predetermined percentage basis. Asset Rebalancing is not available for assets held in the Fixed Account or the GTOs. Requests for Asset Rebalancing must be on a Nationwide form and submitted to the Service Center. Once Asset Rebalancing is elected, it will only be terminated upon specific instruction from the Contract Owner; manual transfers will not automatically terminate the program. Currently, there is no additional charge for Asset Rebalancing.

Asset Rebalancing occurs every three months or on another frequency if permitted by Nationwide. If the last day of the designated rebalancing period falls on a Saturday, Sunday, recognized holiday, or any other day when the New York Stock Exchange is closed, Asset Rebalancing will occur on the next business day. Each Asset Rebalancing reallocation is considered a transfer event (see *Transfer Restrictions*).

Asset Rebalancing may be subject to employer limitations or restrictions for contracts issued to a Tax Sheltered Annuity plan. Contract Owners should consult a financial professional to discuss the use of Asset Rebalancing.

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Nationwide reserves the right to stop establishing new Asset Rebalancing programs. Existing Asset Rebalancing programs will remain in effect unless otherwise terminated.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. C elects to participate in Asset Rebalancing and has instructed his Contract Value be <br> allocated as follows: 40% to Sub-Account A, 40% to Sub-Account B, and 20% to Sub-<br> Account C. Mr. C elects to rebalance quarterly. Each quarter, Nationwide will automatically <br> rebalance Mr. C's Contract Value by transferring Contract Value among the three elected <br> Sub-Accounts so that his 40%/40%/20% allocation remains intact.<br>|

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**Dollar Cost Averaging**

Dollar Cost Averaging is a long-term transfer program that allows the Contract Owner to make regular, level investments over time. Dollar Cost Averaging involves the automatic transfer of a specific amount from the Fixed Account and/or certain Sub-Accounts into other Sub-Accounts. With this service, the Contract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.

Contract Owners direct Nationwide to automatically transfer specified amounts from the Fixed Account and the following Sub-Account(s) (if available):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ivy Variable Insurance Portfolios - Nomura VIP Limited-Term Bond Series: Service Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class II

or to any other Sub-Account(s). Dollar Cost Averaging transfers may not be directed to the Fixed Account or the 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. Contract Owners that wish to utilize Dollar Cost Averaging should first inquire whether any Enhanced Fixed Account Dollar Cost Averaging programs are available.

Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until either the value in the originating investment option is exhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwide to stop the transfers, all amounts remaining in the originating Fixed Account or Sub-Account will remain allocated to the Fixed Account or Sub-Account, unless Nationwide is instructed otherwise. Dollar Cost Averaging transfers are not considered transfer events.

Nationwide reserves the right to stop establishing new Dollar Cost Averaging programs.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. T elects to participate in Dollar Cost Averaging and has transferred $25,000 to an <br> eligible Sub-Account (Sub-Account S) that will serve as the source investment option for her <br> Dollar Cost Averaging program. She would like the Dollar Cost Averaging transfers to be <br> allocated as follows: $500 to Sub-Account L and $1,000 to Sub-Account M. Each month, <br> Nationwide will automatically transfer $1,500 from Sub-Account S and allocate $1,000 to <br> Sub-Account M and $500 to Sub-Account L.<br>|

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**Enhanced Fixed Account Dollar Cost Averaging** 

Nationwide may, periodically, offer Dollar Cost Averaging programs with an enhanced interest rate referred to as "Enhanced Fixed Account Dollar Cost Averaging." Enhanced Fixed Account Dollar Cost Averaging involves the automatic transfer of a specific amount from an enhanced rate Fixed Account into any Sub-Account(s). With this service, the Contract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.

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Only new purchase payments to the contract are eligible for Enhanced Fixed Account Dollar Cost Averaging. Enhanced Fixed Account Dollar Cost Averaging transfers may not be directed to the Fixed Account or the GTOs. Amounts allocated to the enhanced rate Fixed Account as part of an Enhanced Fixed Account Dollar Cost Averaging program earn a higher rate of interest than assets allocated to the standard Fixed Account. Each enhanced rate is guaranteed for as long as the corresponding program is in effect.

Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until either amounts allocated to the Fixed Account as part of an Enhanced Fixed Account Dollar Cost Averaging program are exhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwide to stop the transfers, Nationwide will automatically reallocate any amount remaining in the enhanced rate Fixed Account according to future investment allocation instructions, unless directed otherwise. Enhanced Fixed Account Dollar Cost Averaging transfers are not considered transfer events.

Nationwide reserves the right to stop establishing new Enhanced Fixed Account Dollar Cost Averaging programs.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. E elects to participate in Enhanced Fixed Account Dollar Cost Averaging and has <br> allocated new purchase payments of $22,000 to the Fixed Account, which will receive an <br> enhanced interest crediting rate. He would like the Enhanced Fixed Account Dollar Cost <br> Averaging transfers to be allocated as follows: $1,000 to Sub-Account L and $1,000 to Sub-<br> Account M. Each month, Nationwide will automatically transfer $2,000 from the Fixed <br> Account and allocate $1,000 to Sub-Account M and $1,000 to Sub-Account L.<br>|

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**Systematic Withdrawals** 

Systematic Withdrawals allow Contract Owners to receive a specified amount (of at least $100) on a monthly, quarterly, semi-annual, or annual basis. Requests for Systematic Withdrawals and requests to discontinue Systematic Withdrawals must be submitted in good order and in writing to the Service Center.

The withdrawals will be taken from the Sub-Accounts and the Fixed Account proportionally unless Nationwide is instructed otherwise. Systematic Withdrawals are not available for assets held in the Guaranteed Term Options.

Nationwide will withhold federal income taxes from Systematic Withdrawals unless otherwise instructed by the Contract Owner. The Internal Revenue Service may impose a 10% penalty tax if the Contract Owner is under age 59½, unless the Contract Owner has made an irrevocable election of distributions of substantially equal payments.

A CDSC may apply to amounts taken through Systematic Withdrawals. If the Contract Owner takes Systematic Withdrawals, the maximum amount that can be withdrawn annually without a CDSC is the greater of the amount available under the CDSC-free withdrawal privilege (see *Contingent Deferred Sales Charge*), and a given percentage of the Contract Value that is based on the Contract Owner's age, as shown in the following table:

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| | |
|:---|:---|
| **Contract Owner's Age** | **Percentage of Contract Value** |
| Under age 59½  | &nbsp;&nbsp; 5<br> %<br>|
| 59½ through age 61 | &nbsp;&nbsp; 7<br> %<br>|
| 62 through age 64 | &nbsp;&nbsp; 8<br> %<br>|
| 65 through age 74 | &nbsp;&nbsp; 10<br> %<br>|
| 75 and over | &nbsp;&nbsp; 13<br> %<br>|

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The Contract Owner's age is determined as of the date the request for Systematic Withdrawals is recorded by the Service Center. For joint owners, the older joint owner's age will be used.

The CDSC-free withdrawal privilege for Systematic Withdrawals is non-cumulative. Free amounts not taken during any Contract Year cannot be taken as free amounts in a subsequent Contract Year. In any given Contract Year, any amount withdrawn in excess of the amount permitted under this program will be subject to the CDSC provisions (see *Contingent Deferred Sales Charge*).

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Nationwide reserves the right to stop establishing new Systematic Withdrawal programs. Systematic Withdrawals are not available before the end of the free look period.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elects to take Systematic Withdrawals equal to $5,000 on a quarterly basis. She has <br> not directed that the withdrawals be taken from specific Sub-Accounts, so each quarter, <br> Nationwide will withdraw $5,000 from Ms. H's contract proportionally from each Sub-<br> Account, and will mail her a check or wire the funds to the financial institution of her choice.<br>|

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**Death Benefit**

**Death of Contract Owner** 

If a Contract Owner (including a joint owner) who is not the Annuitant dies before the Annuitization Date, no death benefit is payable and the surviving joint owner becomes the Contract Owner. If there is no surviving joint owner, the contingent owner becomes the Contract Owner. If there is no surviving contingent owner, the last surviving Contract Owner's estate becomes the Contract Owner.

A distribution of the Contract Value will be made in accordance with tax rules and as described in *Appendix B: Contract Types and Tax Information.* A CDSC may apply.

**Death of Annuitant** 

If the Annuitant who is not a Contract Owner dies before the Annuitization Date, the Contingent Annuitant becomes the Annuitant and no death benefit is payable. If no Contingent Annuitant is named, a death benefit is payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries survive the Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries or contingent beneficiaries survive the Annuitant, the Contract Owner or the last surviving Contract Owner's estate will receive the death benefit.

If the Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selected annuity payment option.

If the Contract Owner is a Charitable Remainder Trust and the Annuitant dies before the Annuitization Date, the death benefit will accrue to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust's right to the death benefit will be void.

**Death of Contract Owner/Annuitant** 

If a Contract Owner (including a joint owner) who is also the Annuitant dies before the Annuitization Date, a death benefit is payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries survive the Contract Owner/Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share the death benefit equally unless otherwise specified. If no contingent beneficiaries survive the Contract Owner/Annuitant, the last surviving Contract Owner's estate will receive the death benefit.

If the Contract Owner/Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selected annuity payment option.

**Death Benefit Payment** 

The recipient of the death benefit may elect to receive the death benefit:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) in a lump sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) as an annuity (see *Annuity Payment Options*); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) in any other manner permitted by law and approved by Nationwide.

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Premium taxes may be deducted from death benefit proceeds. Nationwide will pay (or will begin to pay) the death benefit after it receives proof of death and the instructions as to the payment of the death benefit. Death benefit claims must be submitted to the Service Center. If the recipient of the death benefit does not elect the form in which to receive the death benefit payment, Nationwide will pay the death benefit in a lump sum. Contract Value will continue to be allocated according to the most recent allocation instructions until the death benefit is paid.

If the contract has multiple beneficiaries entitled to receive a portion of the death benefit, the Contract Value will continue to be allocated according to the most recent allocation instructions until the first beneficiary provides Nationwide with all the information necessary to pay that beneficiary's portion of the death benefit proceeds. At the time the first beneficiary's proceeds are paid, the remaining portion(s) of the death benefit proceeds that are allocated to Sub-Accounts will be reallocated to the available money market Sub-Account until instructions are received from the remaining beneficiary(ies).

Any Contract Value not allocated to the Sub-Accounts will remain invested and will not be reallocated to the available money market Sub-Account.

**Death Benefit Calculations**

The value of each component of the death benefit calculation will be determined as of the date Nationwide receives:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) proper proof of the Annuitant's death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) an election specifying the distribution method; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) any state required form(s).

An applicant may elect either the standard death benefit (Five-Year Reset Death Benefit) or an available death benefit option that is offered under the contract for an additional charge. If no election is made at the time of application, the death benefit will be the standard death benefit.

**Annuity Commencement Date** 

The Annuity Commencement Date is the date on which annuity payments are scheduled to begin. Generally, the Contract Owner designates the Annuity Commencement Date at the time of application. If no Annuity Commencement Date is designated at the time of application, Nationwide will establish the Annuity Commencement Date as the date the Annuitant reaches age 90. The Contract Owner may initiate a change to the Annuity Commencement Date at any time. Additionally, Nationwide will notify the Contract Owner approximately 90 days before the impending Annuity Commencement Date of the opportunity to change the Annuity Commencement Date or annuitize the contract.

Any request to change the Annuity Commencement Date must meet the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the request is made prior to annuitization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the requested date is at least two years after the date of issue;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the requested date is not later than the Annuitant's 90th birthday (or the 90th birthday of the oldest Annuitant if there are joint Annuitants) unless approved by Nationwide; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the request for change is made in writing, submitted in good order to the Service Center, and approved by Nationwide.

Generally, Nationwide will not initiate annuitization until specifically directed to do so. However, for Non-Qualified Contracts only, Nationwide will automatically initiate annuitization within 45 days after the Annuity Commencement Date (whether default or otherwise), unless (1) Nationwide has had direct contact with the Contract Owner (indicating that the contract is not abandoned); or (2) the Contract Owner has taken some type of action which is inconsistent with the desire to annuitize.

**Annuitizing the Contract**

**Annuitization Date** 

The Annuitization Date is the date that annuity payments begin.

Any optional death benefit that the Contract Owner elects will automatically terminate upon annuitization.

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The Annuitization Date will be the first day of a calendar month unless otherwise agreed. Unless otherwise required by state law, the Annuitization Date must be at least two years after the contract is issued, but may not be later than either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the age (or date) specified in the contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the age (or date) specified by state law, where applicable.

The Internal Revenue Code may require that distributions be made prior to the Annuitization Date (see *Appendix B: Contract Types and Tax Information*).

On the Annuitization Date, the Annuitant becomes the Contract Owner unless the Contract Owner is a Charitable Remainder Trust.

If the contract is issued to fund a Tax Sheltered Annuity, annuitization may occur during the first two Contract Years subject to Nationwide's approval.

**Annuitization** 

Annuitization is the period during which annuity payments are received. It is irrevocable once payments have begun. Upon arrival of the Annuitization Date, the Contract Owner must choose:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) an annuity payment option; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) either a fixed payment annuity, variable payment annuity, or an available combination.

A variable payment annuity may not be elected when exercising a Guaranteed Minimum Income Benefit option.

On the Annuitization Date, the Contract Value, less any premium tax, will be applied under the annuity payment option(s) selected by the Contract Owner. Annuity purchase rates are used to determine the amount of the annuity payments based upon the annuity payment option elected. Actual purchase rates used to determine annuity payments will be those in effect on the Annuitization Date, and will not be less than the guaranteed minimum purchase rates as provided in the contract.

Nationwide guarantees that each payment under a fixed payment annuity will be the same throughout annuitization. Under a variable payment annuity, the amount of each payment will vary with the performance of the Sub-Accounts elected.

Any allocations in the Fixed Account that are to be annuitized as a variable payment annuity must be transferred to one or more Sub-Accounts prior to the Annuitization Date. There are no restrictions on Fixed Account transfers made in anticipation of annuitization.

Any allocations in the Sub-Accounts that are to be annuitized as a fixed payment annuity must be transferred to the Fixed Account prior to the Annuitization Date.

Guaranteed Term Options are not available during annuitization. Any Guaranteed Term Option allocations must be transferred out of the Guaranteed Term Options prior to the Annuitization Date. A market value adjustment may apply.

**Fixed Annuity Payments** 

Fixed annuity payments provide for level annuity payments. The fixed annuity payments will remain level unless the annuity payment option provides otherwise.

**Variable Annuity Payments** 

Variable annuity payments will vary depending on the performance of the Sub-Accounts selected. The Sub-Accounts available during annuitization are those Sub-Accounts corresponding to the underlying mutual funds shown in *Appendix A: Investment Options Available Under the Contract*. Nationwide uses an assumed investment return factor of 3.5%. An assumed investment return is the net investment return required to maintain level variable annuity payments. To the extent that investment performance is not equal to 3.5% for given payment periods, the amount of the payments in those periods will not be the same. Payments will increase from one payment date to the next if the annualized net rate of return is greater than 3.5% during that time. Conversely, payments will decrease from one payment to the next if the annualized net rate of return is less than 3.5% during that time.

**Frequency and Amount of Annuity Payments** 

Annuity payments are based on the annuity payment option elected.

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If the net amount to be annuitized is less than $5,000, Nationwide reserves the right to pay this amount in a lump sum instead of periodic annuity payments.

Annuity payments are made at any frequency approved by Nationwide. Nationwide reserves the right to change the frequency of payments if the amount of any payment becomes less than $100. The payment frequency will be changed to an interval that will result in payments of at least $100. Nationwide will send annuity payments no later than seven days after each annuity payment date.

**Annuity Payment Options** 

The Annuitant must elect an annuity payment option before the Annuitization Date. If the Annuitant does not elect an annuity payment option by that date, a variable payment Single Life with a 20 Year Term Certain annuity payment option will be assumed as the automatic form of payment upon annuitization. Once elected or assumed, the annuity payment option may not be changed.

Not all of the annuity payment options may be available in all states. Additionally, the annuity payment options available may be limited based on the Annuitant's age (and the joint Annuitant's age, if applicable) or requirements under the Internal Revenue Code.

**Annuity Payment Options Available to All Contracts**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Standard Joint and Survivor; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life with a 10 or 20 Year Term Certain.

Each of the annuity payment options is discussed more thoroughly below.

***Single Life*** 

The Single Life annuity payment option provides for annuity payments to be paid during the lifetime of the Annuitant. This option is not available if the Annuitant is 86 or older on the Annuitization Date.

Payments will cease with the last payment before the Annuitant's death. For example, if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one payment. The Annuitant will only receive two annuity payments if he or she dies before the third payment date, and so on. No death benefit will be paid.

No withdrawals other than the scheduled annuity payments are permitted.

***Standard Joint and Survivor*** 

The Standard Joint and Survivor annuity payment option provides for annuity payments to continue during the joint lifetimes of the Annuitant and joint Annuitant. After the death of either the Annuitant or joint Annuitant, payments will continue for the life of the survivor. This option is not available if the Annuitant or joint Annuitant is 86 or older on the Annuitization Date.

Payments will cease with the last payment due prior to the death of the last survivor of the Annuitant and joint Annuitant. As is the case of the Single Life annuity payment option, there is no guaranteed number of payments. Therefore, it is possible that if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one annuity payment. No death benefit will be paid.

No withdrawals other than the scheduled annuity payments are permitted.

***Single Life with a 10 or 20 Year Term Certain*** 

The Single Life with a 10 or 20 Year Term Certain annuity payment option provides that monthly annuity payments will be paid during the Annuitant's lifetime or for the term selected, whichever is longer. The term may be either 10 or 20 years.

If the Annuitant dies before the end of the 10 or 20 year term, payments will be paid to the beneficiary for the remainder of the term.

No withdrawals other than the scheduled annuity payments are permitted.

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***Any Other Option*** 

Annuity payment options not set forth in this provision may be available. Any annuity payment option not set forth in this provision must be approved by Nationwide.

**Statements and Reports** 

Nationwide's default delivery method is U.S. mail and Nationwide will deliver required documents by U.S. mail unless other delivery methods (e.g. electronic delivery) are permitted by law or regulation. Therefore, Contract Owners should promptly notify the Service Center of any address change.

Nationwide will mail to Contract Owners:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• statements showing the contract's quarterly activity; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• confirmation statements showing transactions that affect the contract's value. Confirmation statements will not be sent for recurring transactions (*i.e.*, Dollar Cost Averaging or salary reduction programs). Instead, confirmation of recurring transactions will appear in the contract's quarterly statements.

Contract Owners can receive information from Nationwide faster and reduce the amount of mail received by signing up for Nationwide's eDelivery program. Nationwide will notify Contract Owners by email when important documents (statements, prospectuses, and other documents) are ready for a Contract Owner to view, print, or download from Nationwide's secure server. To choose this option, go to: www.nationwide.com.

Contract Owners should review statements and confirmations carefully. All errors or corrections must be reported to Nationwide immediately to assure proper crediting to the contract. Unless Nationwide is notified within 30 days of receipt of the statement, Nationwide will assume statements and confirmation statements are correct.

**IMPORTANT NOTICE REGARDING DELIVERY OF SECURITY OWNER DOCUMENTS** 

When multiple copies of the same disclosure document(s), such as prospectuses, supplements, proxy statements, and semi-annual and annual reports are required to be mailed to multiple Contract Owners in the same household, Nationwide will mail only one copy of each document, unless notified otherwise by the Contract Owner(s). Household delivery will continue for the life of the contracts.

A Contract Owner can revoke their consent to household delivery and reinstitute individual delivery by contacting the Service Center. Nationwide will reinstitute individual delivery within 30 days after receiving such notification.

**Legal Proceedings** 

**Nationwide Life Insurance Company** 

Nationwide Financial Services, Inc. (NFS, or collectively with its subsidiaries, the "Company") was formed in November 1996. NFS is the holding company for Nationwide Life Insurance Company (NLIC), Nationwide Life and Annuity Insurance Company (NLAIC) and other companies that comprise the life insurance and retirement savings operations of the Nationwide group of companies (Nationwide). This group includes Nationwide Financial Network (NFN), an affiliated distribution network that markets directly to its customer base. NFS is incorporated in Delaware and maintains its principal executive offices in Columbus, Ohio.

The Company is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope, and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company's financial condition.

The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency, and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.

------

**Nationwide Investment Services Corporation** 

The general distributor, NISC (the "Company"), is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company's financial condition.

The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency and state securities divisions. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.

**Financial Statements** 

Financial statements for the Variable Account and financial statements and schedules of Nationwide are located in the Statement of Additional Information. A current Statement of Additional Information may be obtained, without charge, by contacting the Service Center, or can be found online at https://nationwide.onlineprospectus.net/NW/C000024729NW/index.php?ctype=product_sai.

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**Appendix A: Investment Options Available Under the Contract** 

**Underlying Mutual Funds** 

The following is a list of underlying mutual funds available under the contract. More information about the underlying mutual funds is available in the prospectuses for the underlying mutual funds, which may be amended from time to time and can be found online at https://nationwide.onlineprospectus.net/NW/C000024729NW/index.php. This information can also be obtained at no cost by calling 1-800-848-6331 or by sending an email request to FLSS@nationwide.com. Depending on the optional benefits chosen, access to certain underlying mutual funds may be limited. The availability of investment options may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations*).

The current expenses and performance information below reflects fees and expenses of the underlying mutual funds, but do not reflect the other fees and expenses that the contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each underlying mutual fund's past performance is not necessarily an indication of future performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Allocation | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP Asset Strategy** <br> **Series: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2017<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br> Sub-Advisor: Macquarie Investment Management Global Limited<br>| 0.77%\* | 16.66% | 7.07% | 7.84% |
| Equity | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP Core Equity** <br> **Series: Service Class**<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 0.95%\* | 15.30% | 13.79% | 13.78% |
| Fixed Income | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP Corporate** <br> **Bond Series: Service Class**<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 0.78%\* | 6.48% | -0.48% | 2.58% |
| Equity | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP Energy Series:** <br> **Service Class**<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br> Investment Sub-Advisor: Van Eck Associates Corporation<br>| 1.10%\* | 11.89% | 18.61% | 1.74% |
| Equity | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP Global Growth** <br> **Series: Service Class**<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 1.04%\* | 17.92% | 9.99% | 10.71% |
| Equity | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP Growth Series:** <br> **Service Class**<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 1.01% | 8.41% | 11.89% | 15.40% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Fixed Income | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP High Income** <br> **Series: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2017<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 0.97% | 7.17% | 3.73% | 5.56% |
| Equity | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP International** <br> **Core Equity Series: Service Class**<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 1.11%\* | 24.17% | 7.83% | 6.62% |
| Fixed Income | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP Limited-Term** <br> **Bond Series: Service Class**<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 0.79%\* | 4.70% | 1.75% | 2.12% |
| Equity | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP Mid Cap** <br> **Growth Series: Service Class**<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 1.10%\* | 1.18% | -0.08% | 10.66% |
| Equity | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP Natural** <br> **Resources Series: Service Class**<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br> Investment Sub-Advisor: Van Eck Associates Corporation<br>| 1.12%\* | 37.75% | 15.73% | 6.94% |
| Equity | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP Science and** <br> **Technology Series: Service Class**<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 1.15% | 33.36% | 13.71% | 17.20% |
| Equity | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP Small Cap** <br> **Growth Series: Service Class**<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 1.15%\* | 13.39% | 2.20% | 8.69% |
| Equity | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP Smid Cap Core** <br> **Series: Service Class**<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 1.19%\* | 8.38% | 8.07% | 9.91% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT American Funds** <br> **Asset Allocation Fund: Class II**<br> Investment Advisor: Capital Research and Management Company, <br> Nationwide Fund Advisors<br>| 0.92%\* | 15.41% | 8.56% | 9.36% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BNY Mellon** <br> **Dynamic U.S. Equity Income: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Newton Investment Management Limited<br>| 0.76%\* | 18.63% | 14.64% | 11.72% |
| Capital Preservation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Government** <br> **Money Market Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Federated Investment Management <br> Company<br>| 0.72% | 3.65% | 2.76% | 1.68% |

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\*

This underlying mutual fund's current expenses reflect a temporary fee reduction.

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**Fixed Options** 

The following is a list of fixed options currently available under the contract. To the extent permitted under the contract, Nationwide may change the features of a fixed option, offer new fixed options, and terminate existing fixed options. Nationwide will provide you with written notice before doing so. Depending on the optional benefits chosen, access to a fixed option may not be permitted. See*The Fixed Account* and *Guaranteed Term Options* for additional information.

**Note: If amounts are withdrawn from a Guaranteed Term Option prior to its maturity date, Nationwide will apply a market value adjustment. This may result in a significant reduction in your Contract Value. See *Guaranteed Term Options* and *Market Value Adjustment*.** 

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| | | |
|:---|:---|:---|
| **Name** | **Interest Rate Guarantee Period** | **Minimum Guaranteed Interest Rate** |
| Fixed Account | 1 Year<sup>1</sup> | 1.50%<sup>2</sup> |
| 3-year Guaranteed Term Option<sup>3</sup> | 3 Years | 0.00% |
| 5-year Guaranteed Term Option<sup>3</sup> | 5 Years | 0.00% |
| 7-year Guaranteed Term Option<sup>3</sup> | 7 Years | 0.00% |
| 10-year Guaranteed Term Option<sup>3</sup> | 10 Years | 0.00% |

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<sup>1</sup>

The Fixed Account interest rate guarantee period begins on the date of deposit or transfer and ends on the one-year anniversary of the deposit or transfer. The interest rate guarantee period may last for up to three months beyond the one-year anniversary because guaranteed terms end on the last day of a calendar quarter. As a result, an interest rate guarantee period may last up to 15 months.

<sup>2</sup>

Contracts may be subject to a higher minimum guaranteed interest rate based on the date the contract was issued and/or state of issue.

<sup>3</sup>

Effective May 1, 2025, Guaranteed Term Options are not available to receive new allocations, transfers, or renewals.

Nationwide reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guarantee period. Nationwide will provide you with written notice before doing so.

**Income Benefit Investment Options** 

Certain optional benefits restrict how the Contract Owner can invest their Contract Value by limiting the investment options in which the Contract Owner can invest and/or requiring use of a specified asset allocation service. The investment options available under each optional living benefit are chosen by Nationwide based on each investment option's risk characteristics. The permitted investment options are more conservative than those that are not permitted. This helps Nationwide manage its obligation to provide Contract Owners with Lifetime Withdrawals by reducing the likelihood that it will have to make unanticipated payments. By electing an optional living benefit and accepting the limited menu of investment options, Contract Owners may be foregoing investment gains that could otherwise be realized by investing in riskier investment options that are not available under the optional living benefit. Only the investment options shown below are available in connection with the respective optional benefit.

**Capital Preservation Plus Option** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ivy Variable Insurance Portfolios - Nomura VIP Asset Strategy Series: Service Class <br>This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2017

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ivy Variable Insurance Portfolios - Nomura VIP Core Equity Series: Service Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ivy Variable Insurance Portfolios - Nomura VIP Corporate Bond Series: Service Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ivy Variable Insurance Portfolios - Nomura VIP Growth Series: Service Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ivy Variable Insurance Portfolios - Nomura VIP Mid Cap Growth Series: Service Class

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**Appendix B: Contract Types and Tax Information**

**Types of Contracts** 

The contracts described in this prospectus are classified according to the tax treatment to which they are subject under the Internal Revenue Code (the "Code"). Following is a general description of the various contract types. Eligibility requirements, tax benefits (if any), limitations, and other features of the contracts will differ depending on contract type.

***Non-Qualified Contracts*** 

A non-qualified contract is a contract that does not qualify for certain tax benefits under the Code, such as deductibility of purchase payments, and which is not an IRA, Roth IRA, SEP IRA, Simple IRA, tax sheltered annuity, or part of a pension plan or employer-sponsored retirement program.

Upon the death of the owner of a non-qualified contract, mandatory distribution requirements are imposed to ensure distribution of the entire balance in the contract within a required period.

Non-qualified contracts that are owned by natural persons allow the deferral of taxation on the income earned in the contract until it is distributed or deemed to be distributed. Non-qualified contracts that are owned by non-natural persons, such as trusts, corporations, and partnerships are generally subject to current income tax on the income earned inside the contract, unless the non-natural person owns the contract as an agent of a natural person.

***Charitable Remainder Trusts*** 

Charitable Remainder Trusts are trusts that meet the requirements of Section 664 of the Code. An annuity that has a Charitable Remainder Trust endorsement is not a Charitable Remainder Trust; the endorsement is merely to facilitate ownership of the contract by a Charitable Remainder Trust. Non-Qualified Contracts that are issued to Charitable Remainder Trusts will differ from other Non-Qualified Contracts in three respects:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Waiver of sales charges. In addition to any sales load waivers included in the contract, Charitable Remainder Trusts may also withdraw the difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the contract value on the day before the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the total amount of purchase payments made to the contract (less an adjustment for amounts surrendered).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Contract ownership at annuitization. On the annuitization date, if the contract owner is a Charitable Remainder Trust, the Charitable Remainder Trust will continue to be the contract owner and the annuitant will NOT become the contract owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Recipient of death benefit proceeds. With respect to the death benefit proceeds, if the contract owner is a Charitable Remainder Trust, the death benefit is payable to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust's right to the death benefit will be void.

While these provisions are intended to facilitate a Charitable Remainder Trust's ownership of this contract, the rules governing Charitable Remainder Trusts are numerous and complex. A Charitable Remainder Trust that is considering purchasing this contract should seek the advice of a qualified tax and/or financial professional prior to purchasing the contract.

***Individual Retirement Annuities (IRAs)*** 

IRAs are contracts that satisfy the provisions of Section 408(b) of the Code, including the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is not transferable by the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the premiums are not fixed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the contract owner is younger than age 50, the annual premium cannot exceed $7,500; if the contract owner is age 50 or older, the annual premium cannot exceed $8,600 (although rollovers of greater amounts from Qualified Plans, Tax Sheltered Annuities, certain 457 governmental plans, and other IRAs can be received);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• certain minimum distribution requirements must be satisfied after the owner attains their "applicable age" as defined in the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the entire interest of the owner in the contract is nonforfeitable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• after the death of the owner, additional distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.

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As used herein, the term "individual retirement plans" shall refer to both individual retirement annuities and individual retirement accounts that are described in Section 408 of the Code.

For further details regarding IRAs, refer to the disclosure statement provided when the IRA was established and the annuity contract's IRA endorsement.

***Roth IRAs*** 

Roth IRA contracts are contracts that satisfy the provisions of Section 408A of the Code, including the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is not transferable by the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the premiums are not fixed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the contract owner is younger than age 50, the annual premium cannot exceed $7,500; if the contract owner is age 50 or older, the annual premium cannot exceed $8,600 (although rollovers of greater amounts from other Roth IRAs and other individual retirement plans can be received);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the entire interest of the owner in the contract is nonforfeitable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• after the death of the owner, certain distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.

For further details regarding Roth IRAs, please refer to the disclosure statement provided when the Roth IRA was established and the annuity contract's IRA endorsement.

***Simplified Employee Pension IRAs (SEP IRA)*** 

A SEP IRA is a written plan established by an employer for the benefit of employees which permits the employer to make contributions to an IRA established for the benefit of each employee.

An employee may make deductible contributions to a SEP IRA subject to the same restrictions and limitations as an IRA. In addition, the employer may make contributions to the SEP IRA, subject to dollar and percentage limitations imposed by both the Code and the written plan.

A SEP IRA plan must satisfy:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• minimum participation rules;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• top-heavy contribution rules;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• nondiscriminatory allocation rules; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• requirements regarding a written allocation formula.

In addition, the plan cannot restrict withdrawals of non-elective contributions, and must restrict withdrawals of elective contributions before March 15th of the following year.

***Simple IRAs*** 

A Simple IRA is an Individual Retirement Annuity that is funded exclusively by a qualified salary reduction arrangement and satisfies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• vesting requirements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• participation requirements; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• administrative requirements.

The funds contributed to a Simple IRA cannot be commingled with funds in other individual retirement plans or SEP IRAs.

A Simple IRA cannot receive rollover distributions except from another Simple IRA.

***Tax Sheltered Annuities*** 

Certain tax-exempt organizations (described in Section 501(c)(3) of the Code) and public school systems may establish a plan under which annuity contracts can be purchased for their employees. These annuity contracts are often referred to as Tax Sheltered Annuities.

Purchase payments made to Tax Sheltered Annuities are excludable from the income of the employee, up to statutory maximum amounts. These amounts should be set forth in the plan adopted by the employer.

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The owner's interest in the contract is nonforfeitable (except for failure to pay premiums) and cannot be transferred.

Final 403(b) Regulations issued by the Internal Revenue Service impose certain restrictions on non-taxable transfers or exchanges of one 403(b) Tax Sheltered Annuity contract for another. Nationwide will no longer issue or accept applications for new and/or in-service transfers to new or existing Nationwide individual 403(b) Tax Sheltered Annuity contracts used for salary reduction plans not subject to ERISA. Nationwide will continue to accept applications and in-service transfers for individual 403(b) Tax Sheltered Annuity contracts used for 403(b) plans that are subject to ERISA and certain state Optional Retirement Plans and/or Programs that have purchased at least one individual annuity contract issued by Nationwide prior to September 25, 2007.

Commencing in 2009, Tax Sheltered Annuities must be issued pursuant to a written plan, and the plan must satisfy various administrative requirements. Check with your employer to ensure that these requirements will be satisfied in a timely manner.

***Investment Only (Qualified Plans)*** 

Contracts that are owned by Qualified Plans are not intended to confer tax benefits on the beneficiaries of the plan; they are used as investment vehicles for the plan. The income tax consequences to the beneficiary of a Qualified Plan are controlled by the operation of the plan, not by operation of the assets in which the plan invests.

Beneficiaries of Qualified Plans should contact their employer and/or trustee of the plan to obtain and review the plan, trust, summary plan description and other documents for the tax and other consequences of being a participant in a Qualified Plan.

**Federal Tax Considerations**

***Federal Income Taxes*** 

The tax consequences of purchasing a contract described in this prospectus will depend on:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the type of contract purchased;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the purposes for which the contract is purchased; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the personal circumstances of individual investors having interests in the contracts.

Existing tax rules are subject to change and may affect individuals differently depending on their situation. Nationwide does not guarantee the tax status of any contracts or any transactions involving the contracts.

The following is a brief summary of some of the federal income tax considerations related to the types of contracts sold in connection with this prospectus. In addition to the federal income tax, distributions from annuity contracts may be subject to state and local income taxes. Nothing in this prospectus should be considered to be tax advice. Purchasers and prospective purchasers of the contract should consult a financial professional, tax advisor, or legal counsel to discuss the taxation and use of the contracts.

***IRAs, SEP IRAs, and Simple IRAs*** 

Distributions from IRAs, SEP IRAs, and Simple IRAs are generally taxed as ordinary income when received. If any of the amounts contributed to the Individual Retirement Annuity was non-deductible for federal income tax purposes, then a portion of each distribution is excludable from income.

The portion of a distribution that is excludable from income is based on the ratio of the amount by which non-deductible purchase payments exceed prior non-taxable distributions to total account balances at the time of the distribution. The owner of an IRA, SEP IRA, or Simple IRA must annually report the amount of non-deductible purchase payments, the amount of any distribution, the amount by which non-deductible purchase payments for all years exceed nontaxable distributions for all years, and the total balance of all IRAs, SEP IRAs, or Simple IRAs. Depending on the circumstance of the owner, all or a portion of the contributions (purchase payments) made to the account may be deducted for federal income tax purposes.

IRAs may receive rollover contributions from other individual retirement accounts, other individual retirement annuities, tax sheltered annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).

When the owner of an IRA attains their applicable age, the IRA owner is required to begin taking certain minimum distributions. In addition, upon the death of the owner of an IRA, the Code imposes mandatory distribution requirements to ensure distribution of the entire contract value within the required statutory period. Due to the Treasury Regulation's valuation rules, the amount used to compute the mandatory distributions may exceed the contract value.

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If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

*One-Rollover-Per-Year Limitation* 

A contract owner can receive a distribution from an IRA and roll it into another IRA within 60 days from the date of the distribution and not have the amount of the distribution included in taxable income. Only one rollover per year from a contract owner's IRA is allowed. The one-year period begins on the date the contract owner receives the IRA distribution, and not on the date the IRA was rolled over.

The one-rollover-per-year limitation applies in the aggregate to all the IRAs that a taxpayer owns. This means that a contract owner cannot make an IRA rollover distribution if, within the previous one-year period, an IRA rollover distribution was taken from any other IRAs owned by the taxpayer. Also, rollovers between an individual's Roth IRAs would prevent a separate rollover between the individual's traditional IRAs within the one-year period, and vice versa.

Direct transfers of IRA funds between IRA trustees are not subject to the one rollover per year limitation because such transfers are not considered rollover distributions. Also, a rollover from a traditional IRA to a Roth IRA (a conversion) is not subject to the one rollover per year limitation, and such a rollover is disregarded in applying the one rollover per year limitation to other rollovers.

***Roth IRAs*** 

Distributions of earnings from Roth IRAs are taxable or nontaxable depending upon whether they are "qualified distributions" or "non-qualified distributions." A "qualified distribution" is nontaxable if it is made after the Roth IRA has satisfied the five-year rule and meets one of the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is made on or after the date on which the contract owner attains age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is made to a beneficiary (or the contract owner's estate) on or after the death of the contract owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is attributable to the contract owner's disability; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is used for expenses attributable to the purchase of a home for a qualified first-time buyer.

The five-year rule is satisfied if a five taxable-year period has passed beginning with the first tax year in which a contribution is made to any Roth IRA established by the owner.

A non-qualified distribution is not includable in gross income to the extent that the distribution, when added to all previous distributions, does not exceed the total amount of contributions made to the Roth IRA. Any non-qualified distribution in excess of total contributions is includable in the contract owner's gross income as ordinary income in the year that it is distributed to the contract owner.

A Roth IRA can receive a rollover from an individual retirement plan or another eligible retirement plan; however, the amount rolled over from the individual retirement plan or other eligible retirement plan to the Roth IRA is required to be included in the owner's federal gross income at the time of the rollover and will be subject to federal income tax. However, a rollover or conversion of an amount from an IRA or eligible retirement plan cannot be recharacterized back to an IRA.

Special rules apply for Roth IRAs that have proceeds received from an individual retirement plan prior to January 1, 1999 if the owner elected the special four-year income averaging provisions that were in effect for 1998.

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

***Tax Sheltered Annuities*** 

Distributions in the form of annuity payments from Tax Sheltered Annuities are generally taxed when received. If nondeductible contributions, otherwise known as the investment in the contract, are made, then a portion of each distribution is excludable from income based on a formula established pursuant to the Code. The formula excludes from income the investment in the contract divided by the number of anticipated payments until the full investment in the contract is recovered. Thereafter all distributions are fully taxable.

A loan from a Tax Sheltered Annuity generally is not considered to be a distribution, and is therefore generally not taxable. However, if the loan is not repaid in accordance with the repayment schedule, the entire balance of the loan would be treated as being in default, and the defaulted amount would be treated as being distributed to the participant as a taxable distribution.

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Tax Sheltered Annuities may receive rollover contributions from Individual Retirement Accounts, Individual Retirement Annuities, other Tax Sheltered Annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

***10% Additional Tax for Early Withdrawal*** 

If distributions of income from an IRA, SEP IRA, Simple IRA, Roth IRA, or Tax Sheltered Annuity are made prior to the date that the owner attains the age of 59½ years, the income is subject to an additional penalty tax of 10% unless an exception applies. (For Simple IRAs, the 10% penalty is increased to 25% if the distribution is made during the 2-year period beginning on the date that the individual first participated in the Simple IRA.) The 10% penalty tax can be avoided if the distribution is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made to a beneficiary on or after the death of the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• attributable to the owner becoming disabled (as defined in the Code);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• part of a series of substantially equal periodic payments made not less frequently than annually for the life (or life expectancy) of the owner, or the joint lives (or joint life expectancies) of the owner and his or her designated beneficiary. Substantially equal periodic payments must continue until the later of reaching age 59½ or five years from the date of the first periodic payment. Modification of payments during that time period will result in retroactive application of the 10% additional penalty tax;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made to the owner after separation from service with his or her employer after age 55 (in the case of a Tax Sheltered Annuity);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• used for qualified higher education expenses; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• used for expenses attributable to the purchase of a home for a qualified first-time buyer.

***Non-Qualified Contracts*** 

*Non-Qualified Contracts - Natural Persons as Contract Owners* 

Generally, the income earned inside a non-qualified annuity contract that is owned by a natural person is not taxable until it is distributed from the contract.

Distributions before the annuitization date are taxable to the contract owner to the extent that the cash value of the contract exceeds the investment in the contract at the time of the distribution. In general, the investment in the contract is equal to the purchase payments made with after-tax dollars reduced by any prior nontaxable distribution. Distributions, for this purpose, include full and partial surrenders, any portion of the contract that is assigned or pledged as collateral for a loan, amounts borrowed from the contract, or any portion of the contract that is transferred by gift. For these purposes, a transfer by gift may occur upon annuitization if the contract owner and the annuitant are not the same individual.

In determining the taxable amount of a distribution that is made prior to the annuitization date, all annuity contracts issued after October 21, 1988 by the same company to the same contract owner during the same calendar year will be treated as one annuity contract.

A special rule applies to distributions from contracts that have investments in the contract that were made prior to August 14, 1982. For those contracts, distributions that are made prior to the annuitization date are treated first as the nontaxable recovery of the investment in the contract as of that date. A distribution in excess of the amount of the investment in the contract as of August 14, 1982, will be treated as taxable income.

With respect to annuity distributions on or after the annuitization date, a portion of each annuity payment is excludable from taxable income. The amount excludable from each annuity payment is determined by multiplying the annuity payment by a fraction which is equal to the contract owner's investment in the contract, divided by the expected return on the contract. Once the entire investment in the contract is recovered, all distributions are fully includable in income. The maximum amount excludable from income is the investment in the contract. If the annuitant dies before the entire investment in the contract has been excluded from income, and as a result of the annuitant's death no more payments are due under the contract, then the unrecovered investment in the contract may be deducted on his or her final tax return.

The Code provides that a portion of a non-qualified annuity contract may be annuitized for either (a) a period of 10 years or greater, or (b) for the life or lives of one or more persons. The portion of the contract annuitized would be treated as if it were a separate annuity contract. This means that an annuitization date can be established for a portion of the annuity

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contract annuitized and the above description of the taxation of annuity distributions after the annuitization date would apply to the portion of the contract that has been annuitized. The investment in the contract is required to be allocated pro rata between the portion of the contract that is annuitized and the portion that is not. All other benefits under the contract (e.g., death benefit) would also be reduced pro rata. For example, if 1/3 of the cash value of the contract were to be annuitized, the death benefit would also be reduced by 1/3.

The Code imposes a penalty tax if a distribution is made before the contract owner reaches age 59½. The amount of the penalty is 10% of the portion of any distribution that is includable in gross income. The penalty tax does not apply if the distribution is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the result of a contract owner's death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the result of a contract owner's disability (as defined in the Code);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• one of a series of substantially equal periodic payments made over the life (or life expectancy) of the contract owner or the joint lives (or joint life expectancies) of the contract owner and the beneficiary selected by the contract owner to receive payment under the annuity payment option selected by the contract owner. Substantially equal periodic payments must continue until the later of reaching age 59½ or five years. Modification of payments during that time period will result in retroactive application of the 10% additional penalty tax; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• is allocable to an investment in the contract before August 14, 1982.

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

*Non-Qualified Contracts - Non-Natural Persons as Contract Owners* 

The previous discussion related to the taxation of non-qualified contracts owned by natural persons (individuals). Different rules (the so-called "non-natural persons" rules) apply if the contract owner is not a natural person.

Generally, contracts owned by corporations, partnerships, trusts, and similar entities are not treated as annuity contracts for most purposes of the Code. Therefore, income earned under a non-qualified contract that is owned by a non-natural person is taxed as ordinary income during the taxable year in which it is earned. Taxation is not deferred, even if the income is not distributed out of the contract. The income is taxable as ordinary income, not capital gain.

The non-natural persons rules do not apply to all entity-owned contracts. For purposes of the non-natural persons rule, a contract that is owned by a non-natural person as an agent of an individual is treated as owned by the individual. This would allow the contract to be treated as an annuity under the Code, allowing tax deferral. However, this exception does not apply when the non-natural person is an employer that holds the contract under a non-qualified deferred compensation arrangement for one or more employees.

The non-natural persons rules also do not apply to contracts that are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• acquired by the estate of a decedent by reason of the death of the decedent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• issued in connection with certain qualified retirement plans and individual retirement plans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• purchased by an employer upon the termination of certain qualified retirement plans; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• immediate annuities within the meaning of Section 72(u) of the Code.

If the annuitant, who is the individual treated as owning the contract, dies before the contract is completely distributed, the balance may be included in the annuitant's gross estate for tax purposes, depending on the obligations that the non-natural owner may have owed to the annuitant.

***Diversification and Investor Control*** 

Code Section 817(h) contains rules on diversification requirements for variable annuity contracts. A variable annuity contract that does not meet these diversification requirements will not be treated as an annuity, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the failure to diversify was inadvertent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the failure is corrected; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a fine is paid to the Internal Revenue Service.

The amount of the fine will be the amount of tax that would have been paid by the contract owner if the income, for the period the contract was not diversified, had been received by the contract owner.

------

If the violation is not corrected, the contract owner will be considered the owner of the underlying securities and will be currently taxed on the earnings of his or her contract. Nationwide believes that the investments underlying this contract meet these diversification requirements.

For a variable contract to receive favorable tax treatment, the life insurance company must be considered the owner of the underlying assets within the separate account that supports the investment options within the contract. If the contract owner is considered to exercise investment control over the separate account assets, the contract owner will be treated as the owner of those assets and not the insurance company. As a result, the income and gain attributed to the separate account assets will be taxed currently to the contract owner. The IRS has issued guidance that the number of investment options available or the number of transfer opportunities available under a variable product may be relevant in determining whether the variable contract owner will be considered the owner of the separate account assets. Should the Treasury Secretary issue additional rules or regulations that would limit the extent to which a contract owner may direct their investments of particular underlying investment options without being treated as owner of the separate account assets, then Nationwide will take whatever steps are available to remain in compliance.

Based on the above, we believe that the contract qualifies as an annuity contract for federal income tax purposes.

***Exchanges*** 

As a general rule, federal income tax law treats an exchange of property in the same manner as a taxable sale of the property. However, pursuant to Section 1035 of the Code, an annuity contract may be exchanged tax-free for another annuity contract. If the exchange includes the receipt of other property, such as cash, in addition to another annuity contract, special rules may cause a portion of the transaction to be taxable to the extent of the value of the other property.

*Tax Treatment of a Partial 1035 Exchange With Subsequent Withdrawal* 

Partial exchanges may be treated as a tax-free exchange under Code Section 1035. IRS Rev. Proc. 2011-38 addresses the income tax consequences of the direct transfer of a portion of the cash value of an annuity contract in exchange for the issuance of a second annuity contract (a partial exchange). A direct transfer that satisfies the revenue procedure will be treated as a tax-free exchange under Section 1035 of the Code if, for a period of at least 180 days from the date of the direct transfer, there are no distributions or surrenders from either annuity contract involved in the exchange. In addition, the 180-day period will be deemed to have been satisfied with respect to amounts received as an annuity for a period of 10 years or more, or as an annuity for the life of one or more persons. The taxation of distributions (other than distributions described in the immediately preceding sentence) received from either contract within the 180-day period will be determined using general tax principles. For example, they could be treated as taxable "boot" in an otherwise tax-free exchange, or as a distribution from the new contract. Please discuss any tax consequences concerning any contemplated or completed transactions with a professional tax advisor.

***Additional Medicare Tax*** 

Section 1411 of the Code imposes a surtax of 3.8% on certain net investment income received by individuals and certain trusts and estates. The surtax is imposed on the lesser of (a) net investment income or (b) the excess of the modified adjusted gross income over a threshold amount. For individuals, the threshold amount is $250,000 (married filing jointly); $125,000 (married filing separately); or $200,000 (other individuals). The threshold for estates and trusts is $16,000.

Modified adjusted gross income is equal to adjusted gross income with several modifications; consult with a qualified tax advisor regarding how to determine modified adjusted gross income for purposes of determining the applicability of the surtax.

Net investment income includes, but is not limited to, interest, dividends, capital gains, rent and royalty income, and income from nonqualified annuities. Net investment income does not include, among other things, distributions from certain qualified plans (such as IRAs, Roth IRAs, and plans described in Code Sections 401(a), 401(k), 403(a), 403(b) or 457(b)); however, such distributions, to the extent that they are includible in income for federal income tax purposes, are includible in modified adjusted gross income.

**Required Distributions**

The Code requires that certain distributions be made from the contracts issued in conjunction with this prospectus. Following is an overview of the required distribution rules applicable to each type of contract. Consult a qualified tax or financial professional for more specific required distribution information.

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***Required Distributions – General Information*** 

In general, depending on the type of contract, the Code requires that minimum distributions begin during the contract owner's lifetime. In addition, the Code requires that upon the death of the contract owner, minimum distributions must be made to the contract owner's beneficiary. A beneficiary is an individual or other entity that the contract owner designates to receive death proceeds upon the contract owner's death. The distribution rules in the Code make a distinction between "beneficiary" and "designated beneficiary" when determining the life expectancy that may be used for payments that are made after the death of the contract owner from IRAs, SEP IRAs, Simple IRAs, Roth IRAs, Tax Sheltered Annuities, and non-qualified annuity contracts. A designated beneficiary is a natural person (individual) who is designated by the contract owner as the beneficiary under the contract. Non-natural beneficiaries (e.g. charities, estates, or certain trusts) are not designated beneficiaries for the purpose of required distributions and the life expectancy of such a beneficiary is zero.

Life expectancies and joint life expectancies will be determined in accordance with the relevant guidance provided by the Internal Revenue Service and the Treasury Department, including but not limited to Treasury Regulation 1.72-9 and Treasury Regulation 1.401(a)(9)-9.

Required distributions paid upon the death of the contract owner are paid to the beneficiary or beneficiaries stipulated by the contract owner. How quickly the distributions must be made may be determined with respect to the life expectancies of the beneficiaries. For non-qualified contracts, the beneficiaries used in the determination of the distribution period are those in effect on the date of the contract owner's death. For contracts other than non-qualified contracts, the beneficiaries used in the determination of the distribution period do not have to be determined until September 30 of the year following the contract owner's death. Any beneficiary that is not a designated beneficiary has a life expectancy of zero.

***Required Distributions for Non-Qualified Contracts*** 

Code Section 72(s) requires Nationwide to make certain minimum distributions when a contract owner dies. The following distributions will be made in accordance with the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If any contract owner dies on or after the annuitization date and before the entire interest in the contract has been distributed, then the remaining interest must be distributed at least as rapidly as the distribution method in effect on the contract owner's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If any contract owner dies before the annuitization date, then the entire interest in the contract (consisting of either the death benefit or the contract value reduced by charges set forth elsewhere in the contract) must be distributed within five years of the contract owner's death, provided however:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any interest payable to or for the benefit of a designated beneficiary may be distributed over the life of the designated beneficiary or over a period not longer than the life expectancy of the designated beneficiary. Payments must begin within one year of the contract owner's death unless otherwise permitted by federal income tax regulations; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the designated beneficiary is the surviving spouse of the deceased contract owner, the spouse can choose to become the contract owner instead of receiving a death benefit. Any distributions required under these distribution rules will be made upon that spouse's death.

In the event that the contract owner is not a natural person (e.g., a trust or corporation), but is acting as an agent for a natural person, for purposes of these distribution provisions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the death of the annuitant will be treated as the death of a contract owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any change of annuitant will be treated as the death of a contract owner; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in either case, the appropriate distribution will be made upon the death or change, as the case may be.

These distribution provisions do not apply to any contract exempt from Section 72(s) of the Code by reason of Section 72(s)(5) or any other law or rule.

The Code does not require that minimum distributions during the contract owner's lifetime.

***Required Distributions for Tax Sheltered Annuities, IRAs, SEP IRAs, Simple IRAs, and Roth IRAs*** 

*<u>Required Distributions During the Life of the Contract Owner</u>* 

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Distributions from a Tax Sheltered Annuity, IRA, SEP IRA or Simple IRA must begin no later than the required beginning date which is April 1 of the calendar year following the calendar year in which the contract owner reaches their applicable age. The applicable age is:

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| | |
|:---|:---|
| **If the individual was born…** | **The applicable age is…** |
| Before July 1, 1949 | &nbsp;&nbsp; 70½ |
| After June 30, 1949 and before 1951 | &nbsp;&nbsp; 72 |
| After 1950 and before 1960 | &nbsp;&nbsp; 73 |
| After 1959 | &nbsp;&nbsp; 75 |

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Distributions may be paid in a lump sum or in substantially equal payments over:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the life of the contract owner or the joint lives of the contract owner and the contract owner's designated beneficiary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a period not longer than the period determined under the table in Treasury Regulation 1.401(a)(9)-9, which is the deemed joint life expectancy of the contract owner and a person 10 years younger than the contract owner. If the designated beneficiary is the spouse of the contract owner, the period may not exceed the longer of the period determined under such table or the joint life expectancy of the contract owner and the contract owner's spouse, determined in accordance with Treasury Regulation 1.401(a)(9)-9.

For Tax Sheltered Annuities, required distributions do not have to be withdrawn from this contract if they are being withdrawn from another Tax Sheltered Annuity of the contract owner.

For IRAs, SEP IRAs, and Simple IRAs, required distributions do not have to be withdrawn from this contract if they are being withdrawn from another IRA, SEP IRA, or Simple IRA of the contract owner.

The rules for Roth IRAs do not require distributions to begin during the contract owner's lifetime, therefore, the required beginning date is not applicable to Roth IRAs.

*<u>Required Distributions Upon Death of a Contract Owner</u>* 

For death of a contract owner before January 1, 2020, please consult your tax advisor or legal counsel regarding the post-death minimum distribution rules that apply. If the contract owner dies on or after January 1, 2020, and the designated beneficiary is not an eligible designated beneficiary as defined under Code Section 401(a)(9), then the entire balance of the contract must be distributed by December 31<sup>st</sup> of the tenth year following the contract owner's death. This 10-year post-death distribution period applies regardless of whether the contract owner dies before or after the contract owner's required beginning date. Where a contract owner dies after their required beginning date, a designated beneficiary who is not an eligible designated beneficiary must continue to take annual distributions during the 10-year post-death distribution period, based generally on their life expectancy, with the entire balance of the contract required to be distributed by the end of the 10-year post-death period. Please discuss with your tax advisor about the impact this may have on your situation.

In the case of an eligible designated beneficiary, which includes (1) the contract owner's surviving spouse, (2) a minor child of the contract owner, (3) a disabled individual, (4) a chronically ill individual, or (5) an individual not more than 10 years younger than the contract owner, the entire balance of the contract can be distributed over a period not exceeding the life or life expectancy of the eligible designated beneficiary provided that distributions begin by December 31<sup>st</sup> of the calendar year after the calendar year of the contract owner's death. If an eligible designated beneficiary dies before the entire interest is distributed, the remaining interest must be distributed by December 31st of the tenth year following the eligible designated beneficiary's death.

A distribution in the form of annuity payments (an annuitization) that began on or after January 1, 2020, while the contract owner was alive may need to be commuted or modified after the contract owner's death in order to comply with the post-death distribution requirements. However, distributions in the form of annuity payments (an annuitization) that began prior to January 1, 2020, while the contract owner was alive, can continue under that method after the death the contract owner without modification.

In addition, a beneficiary who is not a designated beneficiary, such as a charity, estate, or trust, must withdraw the entire account balance by December 31<sup>st</sup> of the fifth year following the contract owner's death.

Regardless of whether the contract owner dies before, or on or after January 1, 2020, a designated beneficiary who is the surviving spouse of the deceased contract owner may choose to become the contract owner. Any distributions required under these distribution rules will be made upon the surviving spouse's death.

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If the above distribution requirements are not met, a penalty tax of 25% is levied on the difference between the amount that should have been distributed for that year and the amount that actually was distributed for that year. The penalty tax is reduced to 10% if the required distribution not taken is distributed within a "correction window" as defined under the Code.

Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.

**Other Considerations**

***Same-Sex Marriages, Domestic Partnership, and Other Similar Relationships*** 

The Treasury issued final regulations that address what relationships are considered marriages for federal tax purposes. The final regulation's definition of a marriage reflects the United States Supreme Court holdings in Windsor and Obergefell, as well as Rev. Proc. 2017-13.

The final regulations define the terms "spouse," "husband," "wife," and "husband and wife" to be gender neutral so that these terms can apply equally to same sex couples and opposite sex couples. In addition, the regulations adopt the "place of celebration" rule to determine marital status for federal tax purposes. Therefore, a marriage of two individuals is recognized for federal tax purposes if the marriage is recognized by a state, possession, or territory of the US in which the marriage was entered into, regardless of the couple's place of domicile.

Consistent with IRS Rev. Proc. 2013-17, the final regulations provide that relationships entered into as civil unions or registered domestic partnerships that are not denominated as marriages under state law are not marriages for federal tax purposes. Therefore, the favorable income-tax deferral options afforded by federal tax law to a married spouse under Code Sections 72 and 401(a)(9) are not available to individuals who have entered into these formal relationships.

***Withholding*** 

The taxable portion of a distribution from a contract is subject to federal income tax. Nationwide is required to withhold the tax from the distributions unless the contract owner requests otherwise. Under some circumstances, the Code will not permit contract owners to waive withholding. Such circumstances include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the payee does not provide Nationwide with a taxpayer identification number; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if Nationwide receives notice from the Internal Revenue Service that the taxpayer identification number furnished by the payee is incorrect.

If a contract owner is prohibited from waiving withholding, as described above, the portion of the distribution that represents income will be subject to withholding rates established by Section 3405 of the Code.

If the distribution is from a Tax Sheltered Annuity, it will be subject to mandatory 20% withholding that cannot be waived, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the distribution is made directly to another Tax Sheltered Annuity, qualified pension or profit-sharing plan described in Section 401(a), an eligible deferred compensation plan described in Section 457(b) which is maintained by an eligible employer described in section 457(e)(1)(A) or individual retirement plan; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the distribution satisfies the minimum distribution requirements imposed by the Code.

***Non-Resident Aliens*** 

Generally, the taxable portion of a distribution from a contract to a non-resident alien is subject to federal income tax at a rate of 30% of the amount of income that is distributed.

Nationwide is required to withhold this amount and send it to the Internal Revenue Service. Some distributions to non-resident aliens may be subject to a lower (or no) tax if a treaty applies. In order to obtain the benefits of such a treaty, the non-resident alien must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) provide Nationwide with a properly completed withholding certificate claiming the treaty benefit of a lower tax rate or exemption from tax; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) provide Nationwide with an individual taxpayer identification number.

If the non-resident alien does not meet the above conditions, Nationwide will withhold 30% of income from the distribution.

Another exemption from the 30% withholding rate is available if the non-resident alien provides Nationwide with sufficient evidence that:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the distribution is connected to the non-resident alien's conduct of business in the United States;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the distribution is includable in the non-resident alien's gross income for United States federal income tax purposes; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) provide Nationwide with a properly completed withholding certificate claiming the exemption.

Note that for the preceding exemption, the distributions would be subject to the same withholding rules that are applicable to payments to United States persons.

This prospectus does not address any tax matters that may arise by reason of application of the laws of a non-resident alien's country of citizenship and/or country of residence. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the applicability of laws of those jurisdictions to the purchase or ownership of a contract.

***FATCA*** 

Under Sections 1471 through 1474 of the Internal Revenue Code (commonly referred to as FATCA), distributions from a contract to a foreign financial institution or to a nonfinancial foreign entity, each as described by FATCA, may be subject to United States tax withholding at a flat rate equal to 30% of the taxable amount of the distribution, irrespective of the status of any beneficial owner of the contract or of the distribution. Nationwide may require a contract owner to provide certain information or documentation (e.g., Form W-9 or Form W-8BEN) to determine its withholding requirements under FATCA.

***Federal Estate, Gift and Generation Skipping Transfer Taxes*** 

The following transfers may be considered a gift for federal gift tax purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a transfer of the contract from one contract owner to another; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a distribution to someone other than a contract owner.

Upon the contract owner's death, the value of the contract may be subject to estate taxes, even if all or a portion of the value is also subject to federal income taxes.

Section 2612 of the Code may require Nationwide to determine whether a death benefit or other distribution is a "direct skip" and the amount of the resulting generation skipping transfer tax, if any. A direct skip is when property is transferred to, or a death benefit or other distribution is made to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) an individual who is two or more generations younger than the contract owner; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) certain trusts, as described in Section 2613 of the Code (generally, trusts that have no beneficiaries who are not two or more generations younger than the contract owner).

If the contract owner is not an individual, then for this purpose only, "contract owner" refers to any person:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• who would be required to include the contract, death benefit, distribution, or other payment in his or her federal gross estate at his or her death; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• who is required to report the transfer of the contract, death benefit, distribution, or other payment for federal gift tax purposes.

If a payment is subject to the generation skipping transfer tax, Nationwide may be required to deduct the amount of the transfer tax from the death benefit, distribution or other payment, and remit it directly to the Internal Revenue Service.

***Charge for Tax*** 

Nationwide is not required to maintain a capital gain reserve liability on non-qualified contracts. If tax laws change requiring a reserve, Nationwide may implement and adjust a tax charge.

**State Taxation** 

The tax rules across the various states and localities are not uniform and therefore are not discussed in this prospectus. Tax rules that may apply to contracts issued in U.S. territories such as Puerto Rico and Guam are also not discussed. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.

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**Appendix C: Standard Death Benefit (Five-Year Reset Death Benefit) Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the Standard Death Benefit (Five-Year Reset Death Benefit) is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

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| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1991 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $106678 |
| 01-01-1996 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $90326 |
| 01-01-2001 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $98267 |
| 03-01-2001 | Annuitant's 86th birthday | n/a | $98555 |
| 01-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $97113 |

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\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $97,113

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $98,267

------

**Appendix D: One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1994 | Contract Anniversary | n/a | $123362 |
| 03-01-1996 | Annuitant's 86th birthday | n/a | $111026 |
| 02-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $119368 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $119,368

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $123,362

------

**Appendix E: One-Year Step Up Death Benefit Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the One-Year Step Up Death Benefit Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1994 | Contract Anniversary | n/a | $123362 |
| 03-01-1996 | Annuitant's 86th birthday | n/a | $111026 |
| 02-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $119368 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $119,368

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $123,362

------

**Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% compound interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 02-14-1988 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $25000 | $133666 |
| 07-28-1996 | Partial Withdrawal | $10000 | $176202 |
| 09-30-2004 | Annuitant's 86th birthday | n/a | $242807 |
| 03-01-2005 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $11000 | $257803 |
| 05-15-2007 | Partial Withdrawal | $7000 | $274079 |
| 04-18-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $295602 |

---

\* The Contract Value shown assumes a 4% net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $295,602

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; $126,067

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value $252,134

**Conclusion** 

Death Benefit = 295,602

------

**Appendix G: 5% Enhanced Death Benefit Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the 5% Enhanced Death Benefit Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% simple interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 02-14-1988 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $25000 | $133666 |
| 07-28-1996 | Partial Withdrawal | $10000 | $176202 |
| 09-30-2004 | Annuitant's 86th birthday | n/a | $242807 |
| 03-01-2005 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $11000 | $257803 |
| 05-15-2007 | Partial Withdrawal | $7000 | $274079 |
| 04-18-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $295602 |

---

\* The Contract Value shown assumes a 4% net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value as of the date that Nationwide receives all the information necessary to pay the death benefit; $295,602

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value $252,134

**Conclusion** 

Death Benefit = 295,602

------

**Appendix H: Financial Intermediary Variations**

Some broker-dealers that have entered into selling agreements with Nationwide (or an affiliate) to sell this contract impose restrictions on their financial professionals that prohibit or limit the recommendation of specific features, benefits, and investment options that are described in this prospectus. Those restrictions are made by the broker-dealer and may or may not be known to Nationwide. Currently, Nationwide is not aware of any such restrictions; however, this conclusion is based only on information that Nationwide could obtain without unreasonable effort or expense and does not reflect restrictions the knowledge of which rests peculiarly with unaffiliated broker-dealers. **Applicants/Contract Owners should discuss broker-dealer restrictions on features, benefits, and investment options directly with their financial professional.**

------

**Outside back cover page** 

The Statement of Additional Information contains additional information about the Variable Account. To obtain a free copy of the Statement of Additional Information, request other information about the contract, or to make any other service requests, contact Nationwide at 1-800-848-6331 or by one of the other methods described in *Contacting the Service Center*.

The Statement of Additional Information has been filed with the SEC and is incorporated by reference into this prospectus. The SAI is also available at https://nationwide.onlineprospectus.net/NW/C000024729NW/index.php?ctype=product_sai. This prospectus is available at https://nationwide.onlineprospectus.net/NW/C000024729NW/index.php?ctype=product_prospectus.

Reports and other information about the Variable Account are available on the SEC's website at http://www.sec.gov. Copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

SEC Contract Identifier: C000024729

------

**America's Future Horizon Annuity**

**Individual Modified Single Premium Deferred Variable Annuity Contracts** 

Issued by

**Nationwide Life Insurance Company** 

through its

**Nationwide Variable Account-9** 

The date of this prospectus is May 1, 2026.

This prospectus contains important information about the contracts that should be understood before investing. Read this prospectus carefully and keep it for future reference. The contract described in this prospectus is no longer available for purchase.

Variable annuities are complex investment products and involve risks, including the potential loss of principal. The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals under the contract could result in Contingent Deferred Sales Charges, taxes, and tax penalties.

Variable annuities have unique benefits and advantages that may be particularly useful in meeting long-term savings and retirement needs. There are costs and charges associated with these benefits and advantages - costs and charges that are different, or do not exist at all, within other investment products. With help from financial professionals, investors are encouraged to compare and contrast the costs and benefits of the variable annuity described in this prospectus against those of other investment products, especially other variable annuity and variable life insurance products offered by Nationwide and its affiliates. Nationwide offers a wide array of such products, many with different charges, benefit features, and investment options. This process of comparison and analysis should aid in determining whether the purchase of the contract described in this prospectus is consistent with the purchaser's investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and other personal characteristics and needs.

Variable annuities are not insured by the Federal Deposit Insurance Corporation or any other federal government agency, and are not deposits of, guaranteed by, or insured by the depository institution where offered or any of its affiliates. The SEC has not approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. Additional information about certain investment products, including variable annuities, has been prepared by the SEC's staff and is available at Investor.gov.

The investment options available under the contract consist of Sub-Accounts that invest in underlying mutual funds, which offer a variable rate of return, a Fixed Account, which offers a fixed rate of return, and Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025), which offer an enhanced rate of return subject to a market value adjustment. Additional information about the investment options is available in *Appendix A: Investment Options Available Under the Contract.* <br>

This contract contains features that apply credits to the Contract Value. The benefit of the credits may be more than offset by the additional fees that the Contract Owner will pay in connection with the credits. A contract without credits may cost less. Additionally, with respect to the Extra Value Option, the cost of electing the option and the recapture of the credits (in the event of a withdrawal) could exceed any benefit of receiving the Extra Value Option credits.

**The availability of investment options, contract benefits, or other contract features described in this prospectus may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations* for additional information).**

**Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract and decide if they want to keep it or cancel it. This right is referred to as a "free look" right. The length of this time period depends on state law and may vary depending on whether the purchase is a replacement of another annuity contract. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date (see *Right to Examine and Cancel* and *Contacting the Service Center*).**

**If the Contract Owner elects to cancel the contract pursuant to the free look provision, where required by law, Nationwide will return the greater of the Contract Value or the amount of purchase payment(s) applied during the free look period, less any Extra Value Option credits, withdrawals from the contract, and applicable federal and** 

------

**state income tax withholding. Otherwise, Nationwide will return the Contract Value, less any Extra Value Option credits, withdrawals from the contract, and applicable federal and state income tax withholding (see *Right to Examine and Cancel*).**

All guarantees under the contract are subject to Nationwide's creditworthiness and claims-paying ability.

------

**Glossary of Special Terms** 

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Accumulation Unit** – An accounting unit of measure used to calculate the Contract Value allocated to the Variable <br> Account before the Annuitization Date.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Annuitant** – The person(s) whose length of life determines how long annuity payments are paid. The Annuitant must <br> be living on the date the contract is issued.<br>|
| **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. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Co-Annuitant** – The person designated by the Contract Owner to receive the benefit associated with the Spousal <br> Protection Feature.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Contingent Annuitant** – The individual who becomes the Annuitant if the Annuitant dies before the Annuitization <br> Date.<br>|
| **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. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Contract Value** – The value of all Accumulation Units in a contract plus any amount held in the Fixed Account, the <br> GTOs, and the collateral fixed account.<br>|
| **Contract Year** – Each year the contract is in force beginning with the date the contract is issued. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Daily Net Assets** – A figure that is calculated at the end of each Valuation Date and represents the sum of all the <br> Contract Owners interests in the Sub-Accounts after the deduction of underlying mutual fund expenses.<br>|
| **ERISA** – The Employee Retirement Income Security Act of 1974, as amended. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Fixed Account** – An investment option that is funded by Nationwide's General Account. Amounts allocated to the <br> Fixed Account will receive periodic interest subject to a guaranteed minimum crediting rate.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **General Account** – All assets of Nationwide other than those of the Variable Account or in other separate accounts of <br> Nationwide.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Guaranteed Term Options ("GTOs")** – Investment options that provide a guaranteed fixed interest rate paid over <br> specific term duration and contain a market value adjustment feature. Guaranteed Term Options are referred to as <br> Target Term Options in some states.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Individual Retirement Account** – An account that qualifies for favorable tax treatment under Section 408(a) of the <br> Internal Revenue Code, but does not include Roth IRAs.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Individual Retirement Annuity or IRA** – An annuity contract that qualifies for favorable tax treatment under Section <br> 408(b) of the Internal Revenue Code, but does not include Roth IRAs or Simple IRAs.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Investment-Only Contract** – A contract purchased by a qualified pension, profit-sharing, or stock bonus plan as <br> defined by Section 401(a) of the Internal Revenue Code.<br>|
| **Nationwide** – Nationwide Life Insurance Company. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net Asset Value** – The value of one share of an underlying mutual fund at the close of regular trading on the New <br> York Stock Exchange.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Non-Qualified Contract** – A contract which does not qualify for favorable tax treatment as a Qualified Plan, IRA, Roth <br> IRA, SEP IRA, Simple IRA, or Tax Sheltered Annuity.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Qualified Plan** – A retirement plan that receives favorable tax treatment under Section 401 of the Internal Revenue <br> Code, including Investment-Only Contracts. In this prospectus, all provisions applicable to Qualified Plans also apply <br> to Investment-Only Contracts unless specifically stated otherwise.<br>|

---

------

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Roth IRA** – An annuity contract that qualifies for favorable tax treatment under Section 408A of the Internal Revenue <br> Code.<br>|
| **SEC** – Securities and Exchange Commission. |
| &nbsp;&nbsp;&nbsp;&nbsp; **SEP IRA** – An annuity contract which qualifies for favorable tax treatment under Section 408(k) of the Internal <br> Revenue Code.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Service Center** – The department of Nationwide responsible for receiving all service and transaction requests relating <br> to the contract. For service and transaction requests submitted other than by telephone (including fax requests), the <br> Service Center is Nationwide's mail and document processing facility. For service and transaction requests <br> communicated by telephone, the Service Center is Nationwide's operations processing facility. Information on how to <br> contact the Service Center is in the *Contacting the Service Center* provision.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Simple IRA** – An annuity contract which qualifies for favorable tax treatment under Section 408(p) of the Internal <br> Revenue Code.<br>|
| **Sub-Accounts** – Divisions of the Variable Account, each of which invests in a single underlying mutual fund. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Target Term Option** – Investment options that are, in all material respects, the same as Guaranteed Term Options. All <br> references in this prospectus to Guaranteed Term Options will also mean Target Term Options (in applicable <br> jurisdictions).<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Tax Sheltered Annuity** – An annuity that qualifies for favorable tax treatment under Section 403(b) of the Internal <br> Revenue Code.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Valuation Date** – Each day the New York Stock Exchange is open for business or any other day during which there is <br> a sufficient degree of trading such that the current Net Asset Value of the underlying mutual fund shares might be <br> materially affected. Values of the Variable Account are determined as of the close of regular trading on the New <br> York Stock Exchange, which generally closes at 4:00 p.m. EST.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Valuation Period** – The period of time commencing at the close of a Valuation Date and ending at the close of <br> regular trading on the New York Stock Exchange for the next succeeding Valuation Date.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Variable Account** – Nationwide Variable Account-9, a separate account that Nationwide established to hold Contract <br> Owner assets allocated to variable investment options. The Variable Account is divided into Sub-Accounts, each of <br> which invests in a separate underlying mutual fund.<br>|

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **Page** |
| **[Glossary of Special Terms](#xx_0269e60a-7388-4aaf-a8e0-58b5931e4671_1)** | &nbsp;&nbsp; 3 |
| **[Overview of the Contract](#xx_2c0b839d-01e1-4f75-82d0-dfbf74c4348c_1)** | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Purpose of the Contract](#xx_2c0b839d-01e1-4f75-82d0-dfbf74c4348c_1) | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Phases of the Contract](#xx_2c0b839d-01e1-4f75-82d0-dfbf74c4348c_1) | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Features](#xx_2c0b839d-01e1-4f75-82d0-dfbf74c4348c_1) | &nbsp;&nbsp; 8 |
| **[Important Information You Should Consider About the Contract](#xx_5031561f-7f07-448d-a8e0-e70ebb5f25ab_1)** | &nbsp;&nbsp; 11 |
| **[Fee Table](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_1)** | &nbsp;&nbsp; 14 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Example](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_3) | &nbsp;&nbsp; 16 |
| **[Principal Risks](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_3)** | &nbsp;&nbsp; 16 |
| **[Nationwide and the Variable Account](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_5)** | &nbsp;&nbsp; 18 |
| **[Investment Options](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_6)** | &nbsp;&nbsp; 19 |
| &nbsp;&nbsp;&nbsp;&nbsp; [The Sub-Accounts and Underlying Mutual Funds](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_6) | &nbsp;&nbsp; 19 |
| &nbsp;&nbsp;&nbsp;&nbsp; [The Fixed Account](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_7) | &nbsp;&nbsp; 20 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Term Options](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_9) | &nbsp;&nbsp; 22 |
| **[Contacting the Service Center](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_10)** | &nbsp;&nbsp; 23 |
| **[Charges and Adjustments](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_10)** | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Mortality and Expense Risk Charge](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_10) | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Deferred Sales Charge](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_10) | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Premium Taxes](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Loan Processing Fee and Loan Interest Charge](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reduced Purchase Payment Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Five Year CDSC Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Additional Withdrawal Without Charge and Disability Waiver](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [10 Year and Disability Waiver](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Hardship Waiver](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Step Up Death Benefit Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [5% Enhanced Death Benefit Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Minimum Income Benefit Options](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Extra Value Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary Protector Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Capital Preservation Plus Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Removal of Variable Account Charges](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Fund Charges](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_15) | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Market Value Adjustment](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_15) | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Profitability](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_16) | &nbsp;&nbsp; 29 |
| **[The Contract in General](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_16)** | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Types of Contracts Issued](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_16) | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Minimum Initial and Subsequent Purchase Payments](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_16) | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Dollar Limit Restrictions](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Money Laundering](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Replacements](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contestability](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Payments to Minors](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Misuse](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide's General Account Obligations](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contractual Guarantees](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reservation of Rights](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Distribution, Promotional, and Sales Expenses](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Fund Service Fee Payments](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Treatment of Unclaimed Property](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_20) | &nbsp;&nbsp; 33 |
| **[Benefits Under the Contract](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_20)** | &nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Standard Benefits Table](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_20) | &nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Optional Benefits Table](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_21) | &nbsp;&nbsp; 34 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Standard Death Benefit (Five-Year Reset Death Benefit)](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_24) | &nbsp;&nbsp; 37 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reduced Purchase Payment Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_25) | &nbsp;&nbsp; 38 |

---

------

**Table of Contents (continued)**

---

| | |
|:---|:---|
|  | **Page** |
| &nbsp;&nbsp;&nbsp;&nbsp; [Five Year CDSC Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_25) | &nbsp;&nbsp; 38 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Additional Withdrawal Without Charge and Disability Waiver](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_26) | &nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp;&nbsp; [10 Year and Disability Waiver](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_26) | &nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Hardship Waiver](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Step Up Death Benefit Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_28)<br> [Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_28)<br>| &nbsp;&nbsp; 41 |
| &nbsp;&nbsp;&nbsp;&nbsp; [5% Enhanced Death Benefit Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_29) | &nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Spousal Protection Feature](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_29) | &nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Minimum Income Benefit Options](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_30) | &nbsp;&nbsp; 43 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Extra Value Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_32) | &nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary Protector Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_33) | &nbsp;&nbsp; 46 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Capital Preservation Plus Option](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_34) | &nbsp;&nbsp; 47 |
| **[Ownership and Interests in the Contract](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_37)** | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Owner](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Joint Owner](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Owner](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitant](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Co-Annuitant](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Annuitant](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Joint Annuitant](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary and Contingent Beneficiary](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Changes to the Parties to the Contract](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Community Property States](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_39) | &nbsp;&nbsp; 52 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Assignment](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_39) | &nbsp;&nbsp; 52 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficially Owned Contracts](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_40) | &nbsp;&nbsp; 53 |
| **[Operation of the Contract](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_40)** | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Pricing](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_40) | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Application and Allocation of Purchase Payments](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_40) | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Determining the Contract Value](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_41) | &nbsp;&nbsp; 54 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfer Requests](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_42) | &nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfers Prior to Annuitization](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_42) | &nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfers After Annuitization](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_43) | &nbsp;&nbsp; 56 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfer Restrictions](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_43) | &nbsp;&nbsp; 56 |
| **[Right to Examine and Cancel](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_45)** | &nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Allocation of Purchase Payments during Free Look Period](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_45) | &nbsp;&nbsp; 58 |
| **[Surrender/Withdrawal Prior to Annuitization](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_45)** | &nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Partial Withdrawals](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_46) | &nbsp;&nbsp; 59 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Full Surrenders](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_46) | &nbsp;&nbsp; 59 |
| **[Surrender/Withdrawal After Annuitization](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_47)** | &nbsp;&nbsp; 60 |
| **[Withdrawals Under Certain Plan Types](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_47)** | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals Under a Texas Optional Retirement Program or a Louisiana Optional Retirement Plan](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_47) | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals Under a Tax Sheltered Annuity](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_47) | &nbsp;&nbsp; 60 |
| **[Loan Privilege](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_48)** | &nbsp;&nbsp; 61 |
| **[Contract Owner Services](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_51)** | &nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Asset Rebalancing](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_51) | &nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Dollar Cost Averaging](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_52) | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Enhanced Fixed Account Dollar Cost Averaging](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_52) | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Systematic Withdrawals](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_53) | &nbsp;&nbsp; 66 |
| **[Death Benefit](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_54)** | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Contract Owner](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Annuitant](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Contract Owner/Annuitant](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit Payment](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit Calculations](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_55) | &nbsp;&nbsp; 68 |
| **[Annuity Commencement Date](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_55)** | &nbsp;&nbsp; 68 |

---

------

**Table of Contents (continued)**

---

| | |
|:---|:---|
|  | **Page** |
| **[Annuitizing the Contract](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_55)** | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitization Date](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_55) | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitization](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Fixed Annuity Payments](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Variable Annuity Payments](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Frequency and Amount of Annuity Payments](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_56) | &nbsp;&nbsp; 69 |
| **[Annuity Payment Options](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_57)** | &nbsp;&nbsp; 70 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuity Payment Options Available to All Contracts](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_57) | &nbsp;&nbsp; 70 |
| **[Statements and Reports](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_58)** | &nbsp;&nbsp; 71 |
| **[Legal Proceedings](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_58)** | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide Life Insurance Company](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_58) | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide Investment Services Corporation](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_59) | &nbsp;&nbsp; 72 |
| **[Financial Statements](#xx_075679db-f8dc-4047-b121-9547ec1ebb21_59)** | &nbsp;&nbsp; 72 |
| **[Appendix A: Investment Options Available Under the Contract](#xx_fd262632-54b1-468b-b9dd-40ebf426c8f8_1)** | &nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Funds](#xx_fd262632-54b1-468b-b9dd-40ebf426c8f8_1) | &nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Fixed Options](#xx_fd262632-54b1-468b-b9dd-40ebf426c8f8_9) | &nbsp;&nbsp; 81 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Income Benefit Investment Options](#xx_fd262632-54b1-468b-b9dd-40ebf426c8f8_10) | &nbsp;&nbsp; 82 |
| **[Appendix B: Contract Types and Tax Information](#xx_76a5312f-dff8-4839-9180-9753b2ff7bf1_1)** | &nbsp;&nbsp; 83 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Types of Contracts](#xx_76a5312f-dff8-4839-9180-9753b2ff7bf1_1) | &nbsp;&nbsp; 83 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Federal Tax Considerations](#xx_76a5312f-dff8-4839-9180-9753b2ff7bf1_3) | &nbsp;&nbsp; 85 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Required Distributions](#xx_76a5312f-dff8-4839-9180-9753b2ff7bf1_7) | &nbsp;&nbsp; 89 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Other Considerations](#xx_76a5312f-dff8-4839-9180-9753b2ff7bf1_10) | &nbsp;&nbsp; 92 |
| &nbsp;&nbsp;&nbsp;&nbsp; [State Taxation](#xx_76a5312f-dff8-4839-9180-9753b2ff7bf1_11) | &nbsp;&nbsp; 93 |
| **[Appendix C:](#xx_5195a1f1-b08b-4b61-a34b-c81dc6bf1624_1) [Standard Death Benefit (Five-Year Reset Death Benefit) Example](#xx_5195a1f1-b08b-4b61-a34b-c81dc6bf1624_1)** | &nbsp;&nbsp; 94 |
| **[Appendix D: One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_eb58e673-86cb-4664-bcda-7629d91e4139_1)**<br> **[Option Example](#xx_eb58e673-86cb-4664-bcda-7629d91e4139_1)**<br>| &nbsp;&nbsp; 95 |
| **[Appendix E: One-Year Step Up Death Benefit Option Example](#xx_16fc71f5-5a2a-4fa4-a492-7ce0d94a5704_1)** | &nbsp;&nbsp; 96 |
| **[Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and](#xx_123ecff1-0feb-473c-98e3-af108374e08f_1)**<br> **[Spousal Protection Option Example](#xx_123ecff1-0feb-473c-98e3-af108374e08f_1)**<br>| &nbsp;&nbsp; 97 |
| **[Appendix G: 5% Enhanced Death Benefit Option Example](#xx_dd6648d2-40f8-4fd5-ba63-b1ee2b557693_1)** | &nbsp;&nbsp; 98 |
| **[Appendix H: Financial Intermediary Variations](#xx_e2f7c584-0534-4218-baee-2a87dc13a0d2_1)** | &nbsp;&nbsp; 99 |

---

------

**Overview of the Contract** 

**Purpose of the Contract** 

The contract is intended to be a long-term investment vehicle to assist investors in saving for and living in retirement. Nationwide has designed the contract to offer features, pricing, and investment options that encourage long-term ownership. The contract can help supplement retirement income through the annuitization feature, which provides a stream of periodic income payments. During the years leading up to those income payments, the Contract Owner manages his/her assets in the contract according to their specific goals and risk preferences by directing the allocation and reallocation among a variety of investment options. Contract growth is tax-deferred, meaning that gains in the contract are not taxable until withdrawn from the contract. Finally, in the event that the Annuitant dies before beginning income payments, the contract offers a death benefit.

Prospective purchasers should consult with a financial professional to determine whether this contract is appropriate for them, taking into consideration their particular needs, including investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and other personal characteristics. Generally speaking, this contract is intended to provide benefits to a single individual and his/her beneficiaries. The contract is not intended to be used by institutional investors, in connection with other Nationwide contracts that have the same Annuitant, or in connection with other Nationwide contracts that have different Annuitants but the same Contract Owner. It is not intended to be sold to a terminally ill Contract Owner or Annuitant.

**Phases of the Contract** 

The contract exists in two separate phases: accumulation (savings) and annuitization (income). During the accumulation phase, the contract offers a variety of investment options to which the Contract Owner can allocate and reallocate his/her Contract Value. The investment options available under the contract consist of Sub-Accounts that invest in underlying mutual funds, which offer a variable rate of return, a Fixed Account, which offers a fixed rate of return, and Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025), which offer an enhanced rate of return subject to a market value adjustment. **Additional information about the underlying mutual funds is available in *Appendix A: Investment Options Available Under the Contract*.** 

During the annuitization phase, Nationwide makes periodic income payments to the Annuitant. At the time of annuitization, the Contract Owner elects the duration of the annuity payments – either for a fixed period of time or for the duration of the Annuitant's (and possibly the Annuitant's spouse's) life. The Contract Owner also elects whether the annuity payments will be fixed or variable. If variable annuity payments are elected, the Annuitant controls the allocation/reallocation of annuitized assets among the available Sub-Accounts. After annuitization begins, the only value associated with the contract is the stream of annuity payments; unless otherwise specified in the annuity option, amounts cannot be withdrawn from the contract over and above the annuity payments. Additionally, once annuitization has begun, there is no death benefit, which means that upon the death of the Annuitant (and the Annuitant's spouse if a joint annuity option was elected), all payments stop and the contract terminates, unless the particular annuitization option provides otherwise.

**Contract Features**

**Investment Options.** Contract Owners can allocate Contract Value to Sub-Accounts that invest in underlying mutual funds, the Fixed Account and/or the Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025). Contract Owners can reallocate those assets at their discretion, subject to certain restrictions.

**Deposits to the Contract.** Contract Owners can apply additional purchase payments to the contract until the Annuitization Date, subject to certain restrictions.

**Withdrawals from the Contract.** Contract Owners can withdraw some or all of their Contract Value at any time prior to annuitization, subject to certain restrictions. A CDSC may apply. After Annuitization, withdrawals other than annuity payments are not permitted.

**Loans from the Contract.** For contracts issued as Tax Sheltered Annuities, Contract Owners can request a loan of a portion of their Contract Value at any time after the free look period and prior to annuitization, subject to certain restrictions. A Loan Processing Fee is assessed at the time each new loan is processed, and a loan interest charge also applies.

------

**Death Benefit.** During the accumulation phase, the contract contains a standard death benefit (the greatest of (i) Contract Value, (ii) net purchase payments, or (iii) the Contract Value as of the most recent five-year Contract Anniversary before the Annuitant's 86th birthday) at no additional charge.

**Optional Death Benefits.** Several death benefit options are available for an additional charge, which may provide a greater death benefit than the standard death benefit. Those options are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option (available beginning January 2, 2001 or a later date if state law requires)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• One-Year Step Up Death Benefit Option (available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option (available beginning January 2, 2001 or a later date if state law requires)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% Enhanced Death Benefit Option (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)

**Spousal Protection Feature.** Some of the death benefit options contain the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse, subject to certain conditions.

**Reduced Purchase Payment Option.** The contract offers a Reduced Purchase Payment Option for an additional charge, which provides for reduced minimum initial purchase payment and subsequent purchase payment requirements.

**CDSC Options.** Several CDSC Options are available for an additional charge, whereby Nationwide will waive or reduce the standard CDSC schedule. Those options are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Five Year CDSC Option

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Additional Withdrawal Without Charge and Disability Waiver

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10 Year and Disability Waiver

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hardship Waiver

**Guaranteed Minimum Income Benefit Options.** The contract offers two Guaranteed Minimum Income Benefit Options for an additional charge, each of which provides for a guaranteed amount at annuitization.

**Extra Value Option Credits.** An Extra Value Option is available for an additional charge, whereby Nationwide will apply additional money to the Contract Value during the first Contract Year. Extra Value Option credits are subject to recapture under certain circumstances.

**Beneficiary Protector Option.** The contract offers a Beneficiary Protector Option for an additional charge, which may be advantageous if the Contract Owner anticipates the assessment of taxes in connection with payment of the death benefit proceeds.

**Capital Preservation Plus Option.** The contract offers a Capital Preservation Plus Option for an additional charge, which provides a principal guarantee.

**Annuity Payments.** On the Annuitization Date, Nationwide will make annuity payments based on the annuity payment option chosen prior to annuitization.

**Tax Deferral.** Generally, Contract Owners will not be taxed on any earnings on the assets in the contract until such earnings are distributed from the contract. How each contract's distributions are taxed depends on the type of contract issued. Note that if this contract is issued in connection with a plan that qualifies for special income tax treatment under the Code, the contract does not provide additional tax deferral benefits (see *Appendix B: Contract Types and Tax Information*).

**Cancellation of the Contract.** Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract and decide if they want to keep it or cancel it. Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date (see *Right to Examine and Cancel* and *Contacting the Service Center*).

**Contract Owner Services.** The contract offers several services at no additional charge to assist Contract Owners in managing their contract, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Asset Rebalancing

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Dollar Cost Averaging

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Fixed Account Dollar Cost Averaging

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Systematic Withdrawals

**Market Value Adjustment** 

A withdrawal or transfer from a Guaranteed Term Option (GTO) prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

Contact the Service Center for more information on the GTOs.

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**Important Information You Should Consider About the Contract** 

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| | |
|:---|:---|
| **FEES, EXPENSES, AND ADJUSTMENTS**<br> (see *Fee Table* and *Charges and Adjustments*) | **FEES, EXPENSES, AND ADJUSTMENTS**<br> (see *Fee Table* and *Charges and Adjustments*) |
| **Are There Charges or** <br> **Adjustments for Early** <br> **Withdrawals?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● If the Contract Owner withdraws money from the contract within 7 years following his/her <br> last purchase payment, a Contingent Deferred Sales Charge (or "CDSC") may apply <br> (see *Contingent Deferred Sales Charge*). The CDSC will not exceed 7% of the amount <br> of purchase payments withdrawn, declining to 0% over 7 years.<br> For example, for a contract with a $100,000 investment, a withdrawal taken during the <br> CDSC period could result in a CDSC of up to $7,000. This loss will be greater if there is <br> a negative market value adjustment, taxes or tax penalties.<br> ● If you withdraw money from a Guaranteed Term Option prior to its maturity date, you will <br> be assessed a market value adjustment, which may be negative (see *Guaranteed Term* <br> *Options*). The application of the market value adjustment could result in a loss. In <br> extreme circumstances such losses could be as high as 100% of the amount withdrawn.<br> For example, for a contract with a $100,000 investment, a withdrawal taken prior to the <br> Guaranteed Term Option's maturity date could result in a market value adjustment of up <br> to $100,000. This loss will be greater if there is a CDSC, taxes, or tax penalties. |
| **Are There Transaction** <br> **Charges?**<br>| &nbsp;&nbsp; **Yes.** Nationwide also charges a loan processing fee at the time each new loan is <br> processed (see *Loan Privilege*). |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; **Yes.** The table below describes the fees and expenses that you may pay *each year*, <br> depending on the investment options and optional benefits chosen. Please refer to your <br> contract specifications page for information about the specific fees you will pay each year <br> based on the options you have elected. |
| **Are There Ongoing Fees** <br> **and Expenses?** | **Annual Fee** |
| **Are There Ongoing Fees** <br> **and Expenses?** | Base Contract<br>0.95%<sup>1</sup> <br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | Underlying mutual fund fees and expenses<br>0.41%<sup>2</sup><br>1.90%<sup>2</sup> |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; Optional benefits available for an additional <br> charge (for a single optional benefit, if elected)<br>0.05%<sup>1</sup> <br>0.50%<sup>1</sup> <br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; <sup>1</sup> As a percentage of Daily Net Assets.<br> <sup>2</sup> As a percentage of underlying mutual fund net assets. |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; Because each contract is customizable, the options elected affect how much each <br> Contract Owner will pay. To help you understand the cost of owning the contract, the <br> following table shows the lowest and highest cost a Contract Owner could pay *each year*, <br> based on current charges. This estimate assumes that no withdrawals are taken from the <br> contract, **which could add a CDSC and a negative market value adjustment that** <br> **substantially increase costs**. |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; **Lowest Annual Cost Estimate:**<br> **$1,279.72**<br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp;&nbsp; Assumes:<br> ● Investment of $100,000<br> ● 5% annual appreciation<br> ● Least expensive underlying mutual fund fees <br> and expenses<br> ● No optional benefits<br> ● No CDSC<br> ● No additional purchase payments, transfers or <br> withdrawals<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Is There a Risk of Loss** <br> **from Poor Performance?**<br>| &nbsp;&nbsp; **Yes.** Contract Owners of variable annuities can lose money by investing in the contract, <br> including loss of principal (see *Principal Risks*).<br>|

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| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Is this a Short-Term** <br> **Investment?**<br>| &nbsp;&nbsp;&nbsp; **No.**<br> ● The contract is not a short-term investment and is not appropriate for an investor who <br> needs ready access to cash. Nationwide has designed the contract to offer features, <br> pricing, and investment options that encourage long-term ownership (see *Principal* <br> *Risks*).<br> ● A CDSC may apply for up to 7 years following the last purchase payment and could <br> reduce the value of the contract if purchase payments are withdrawn during that time <br> (see *Contingent Deferred Sales Charge*). All or a portion of any withdrawal may be <br> subject to taxes and tax penalties. The benefits of tax deferral also means that the <br> contract is more beneficial to investors with a long time horizon (see *Principal Risks*).<br> ● Amounts removed from a Guaranteed Term Option prior to its maturity date may also <br> result in a negative market value adjustment.<br> ● For amounts allocated to a Guaranteed Term Option, at the end of each maturity date, <br> the Contract Value will be reallocated to available investment options according to the <br> Contract Owner's instructions. If no direction is received by Nationwide prior to the <br> maturity date, all amounts in that Guaranteed Term Option will be transferred to the <br> available money market Sub-Account.<br> ● For amounts allocated to the Fixed Account at the end of an interest rate guarantee <br> period, such amounts will be reallocated among the contract's available investment <br> options in accordance with the Contract Owner's reallocation instructions, subject to any <br> applicable limitations. In the absence of instructions, such amounts will remain invested <br> in the Fixed Account for another interest rate guarantee period at the applicable <br> Renewal Rate (see *The Fixed Account* and *Transfers Prior to Annuitization*).<br>|
| **What Are the Risks** <br> **Associated with the** <br> **Investment Options?**<br>| &nbsp;&nbsp;&nbsp; ● Investment in this contract is subject to the risk of poor investment performance. <br> Investment experience can vary depending on the investment options selected by the <br> Contract Owner.<br> ● Each investment option (including the Fixed Account and Guaranteed Term Options) has <br> its own unique risks.<br> ● Review the prospectuses and disclosures for the investment options before making an <br> investment decision.<br> See *Principal Risks.*<br>|
| **What Are the Risks** <br> **Related to the Insurance** <br> **Company?**<br>| &nbsp;&nbsp; Investment in the contract is subject to the risks associated with Nationwide, including that <br> any obligations (including interest payable for allocations to the Fixed Account and <br> Guaranteed Term Options), guarantees, or benefits are subject to the claims-paying ability <br> of Nationwide. More information about Nationwide, including its financial strength ratings, <br> is available by contacting Nationwide at the address and/or toll-free phone number <br> indicated in *Contacting the Service Center* (see *Principal Risks*).<br>|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There Restrictions** <br> **on the Investment** <br> **Options?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● Nationwide reserves the right to add, remove, and substitute investment options <br> available under the contract (see *The Sub-Accounts and Underlying Mutual Funds*).<br> ● Allocations to the Fixed Account may not be transferred to another investment option <br> except at the end of a Fixed Account interest rate guarantee period (see *The Fixed* <br> *Account).*<br> ● Allocations to the Guaranteed Term Options that are transferred to another investment <br> option prior to maturity are subject to a market value adjustment (see *Guaranteed Term* <br> *Options*).<br> ● Allocations to the Guaranteed Term Options may not be transferred to another available <br> investment option during the Capital Preservation Plus program period (see *Capital* <br> *Preservation Plus Option*).<br> ● Not all investment options may be available under your contract (see *Appendix A:* <br> *Investment Options Available Under the Contract*).<br> ● Transfers between Sub-Accounts are subject to policies designed to deter short-term <br> and excessively frequent transfers. Nationwide may restrict the form in which transfer <br> requests will be accepted (see *Transfer Restrictions*).<br> ● The availability of investment options may vary depending on the broker-dealer through <br> which the contract is sold (see *Appendix H: Financial Intermediary Variations*).<br>|

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| | |
|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There any** <br> **Restrictions on Contract** <br> **Benefits?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● Certain optional benefits limit or restrict the investment options available for investment.<br> ● Nationwide reserves the right to discontinue offering any optional benefit. Such a <br> discontinuance will only apply to new contracts and will not impact any contracts already <br> in force.<br> ● The availability of contract benefits may vary depending on the broker-dealer through <br> which the contract is sold (see *Appendix H: Financial Intermediary Variations*).<br> See *Benefits Under the Contract.*<br>|
| **TAXES** | **TAXES** |
| **What Are the Contract's** <br> **Tax Implications?**<br>| &nbsp;&nbsp;&nbsp; ● Consult with a tax professional to determine the tax implications of an investment in and <br> payments received under this contract.<br> ● If the contract is purchased through a tax-qualified plan or IRA, there is no additional tax <br> deferral.<br> ● Earnings in the contract are taxed at ordinary income tax rates at the time of <br> withdrawals and there may be a tax penalty if withdrawals are taken before the Contract <br> Owner reaches age 59½.<br> See *Appendix B: Contract Types and Tax Information.*<br>|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| **How Are Investment** <br> **Professionals** <br> **Compensated?**<br>| &nbsp;&nbsp; Some financial professionals receive compensation for selling the contract. Compensation <br> can take the form of commissions and other indirect compensation in that Nationwide may <br> share the revenue it earns on this contract with the financial professional's firm. This <br> conflict of interest may influence a financial professional, as these financial professionals <br> may have a financial incentive to offer or recommend this contract over another investment <br> (see *Distribution, Promotional, and Sales Expenses).*<br>|
| **Should I Exchange My** <br> **Contract?**<br>| &nbsp;&nbsp; Some financial professionals may have a financial incentive to offer an investor a new <br> contract in place of the one he/she already owns. An investor should only exchange his/her <br> contract if he/she determines, after comparing the features, fees, and risks of both <br> contracts, and any fees or penalties to terminate the existing contract, that it is preferable <br> for him/her to purchase the new contract, rather than to continue to own the existing one <br> (see *Replacements* and *Distribution, Promotional, and Sales Expenses*).<br>|

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**Fee Table** 

**The following tables describe the fees, expenses, and adjustments that a Contract Owner will pay when buying, owning, and surrendering or making withdrawals from an investment option or from the contract. Please refer to the contract specifications page for information about the specific fees the Contract Owner will pay each year based on the options elected.** 

**The first table describes the fees and expenses a Contract Owner will pay at the time the Contract Owner buys the contract, surrenders or makes withdrawals from an investment option or from the contract, or transfers Contract Value between investment options. State premium taxes may also be deducted.** 

---

| | |
|:---|:---|
| **Transaction Expenses** | **Transaction Expenses** |
| **Maximum Contingent Deferred Sales Charge** ("CDSC") (as a percentage of purchase payments surrendered) | 7% |

---

Range of CDSC over time:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of** <br> **Purchase Payment**<br>| **0** | **1** | **2** | **3** | **4** | **5** | **6** | **7** |
| **CDSC Percentage** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **6%** | &nbsp;&nbsp; **5%** | &nbsp;&nbsp; **4%** | &nbsp;&nbsp; **3%** | &nbsp;&nbsp; **2%** | &nbsp;&nbsp; **0%** |

---

Some state jurisdictions require a lower CDSC schedule. Refer to your contract for state specific information.

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| | |
|:---|:---|
| **Loan Processing Fee** | $25<sup>1</sup> <br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**The next table describes the adjustments, in addition to any transaction expenses, that apply if all or a portion of the Contract Value is removed from an investment option or from the contract before the expiration of a specified period.** 

---

| | |
|:---|:---|
| **Adjustments** | **Adjustments** |
| **Market Value Adjustment Maximum Potential Loss**<sup>1</sup> (as a percentage of the Contract Value) | 100% |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> A market value adjust applies to any withdrawal or transfer from a Guaranteed Term Option prior to its maturity date, including to annuitize the contract. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit.

**The next table describes the fees and expenses that a Contract Owner will pay *each year* during the time that the Contract Owner owns the contract (not including underlying mutual fund fees and expenses). If an optional benefit is elected, an additional charge will be assessed, as shown below** 

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| | |
|:---|:---|
| **Annual Contract Expenses** | **Annual Contract Expenses** |
| **Annual Loan Interest Charge** (assessed as a reduction to the credited interest rate) | 2.25%<sup>2</sup> <br>|
| **Base Contract Expenses**<sup>3</sup> (assessed as an annualized percentage of Daily Net Assets)  | 0.95% |
| **Optional Benefit Expenses**<sup>4</sup> (assessed as an annualized percentage of Daily Net Assets) |  |
| **Reduced Purchase Payment Option Charge** | 0.25%<sup>5</sup> <br>|
| **Five Year CDSC Option Charge** | 0.15%<sup>6</sup> <br>|
| **CDSC Waiver Options** |  |
| **Additional Withdrawal Without Charge and Disability Waiver Charge** | 0.10%<sup>7</sup> <br>|
| **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** |  |
| &nbsp;&nbsp; **One-Year Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection** <br> **Option Charge**<sup>8</sup> (available beginning January 2, 2001 or a later date if state law requires)<br>| 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **One-Year Step Up Death Benefit Option Charge**<sup>9</sup> (available until state approval is received for the One-Year <br> Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection Option)<br>| 0.05% |
| &nbsp;&nbsp; **Greater of One-Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and** <br> **Spousal Protection Option Charge**<sup>10</sup> (available beginning January 2, 2001 or a later date if state law requires)<br>| 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **5% Enhanced Death Benefit Option Charge**<sup>11</sup> (available until state approval is received for the Greater of One-<br> Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection <br> Option)<br>| 0.10% |
| **Guaranteed Minimum Income Benefit Options** (no longer available) |  |
| **Guaranteed Minimum Income Benefit Option 1 Charge** | 0.45% |

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| | |
|:---|:---|
| **Annual Contract Expenses** | **Annual Contract Expenses** |
| **Guaranteed Minimum Income Benefit Option 2 Charge** | &nbsp;&nbsp; 0.30% |
| **Extra Value Option Charge** | 0.45%<sup>12</sup> <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account and the <br> Guaranteed Term Options for the first 7 Contract Years will be assessed a fee of 0.45%.<br>|  |
| **Beneficiary Protector Option Charge**<sup>13</sup> | &nbsp;&nbsp; 0.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account or to the <br> Guaranteed Term Options will be assessed a fee of 0.40%.<br>|  |
| **Capital Preservation Plus Option Charge** | 0.50%<sup>14</sup> <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Guaranteed Term <br> Options or Target Term Options will be assessed a fee of 0.50%.<br>|  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup>

Nationwide assesses a Loan Processing Fee at the time each new loan is processed. Loans are only available for contracts issued as Tax Sheltered Annuities.

<sup>2</sup>

The loan interest rate is determined, based on market conditions, at the time of loan application or issuance. The loan balance in the collateral Fixed Account is credited with interest at 2.25% less than the loan interest rate. Thus, the net loan interest charge is 2.25%, which is applied against the outstanding balance.

<sup>3</sup>

Throughout this prospectus, the Base Contract Expenses will be referred to as Mortality and Expense Risk Charge.

<sup>4</sup>

Unless otherwise indicated, charges for optional benefits are only assessed prior to the Annuitization Date (see *Charges and Adjustments*).

<sup>5</sup>

If this option is elected, Nationwide will lower an applicant's minimum initial purchase payment to $1,000 and subsequent purchase payments to $25. This option is not available to contracts issued as Investment-Only Contracts.

<sup>6</sup>

Range of Five Year CDSC over time:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5** |
| **CDSC Percentage** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **6%** | &nbsp;&nbsp; **4%** | &nbsp;&nbsp; **2%** | &nbsp;&nbsp; **0%** |

---

For contracts issued in the State of New York, this option is available only for contracts issued as Roth IRAs and is not available when the Extra Value Option is elected.

<sup>7</sup>

If this option is elected, the applicant will receive an additional 5% CDSC-free withdrawal privilege, which also includes a disability waiver. This 5% is in addition to the standard 10% CDSC-free withdrawal privilege that applies to every contract.

<sup>8</sup>

This option may not be elected with another death benefit option.

<sup>9</sup>

This option may be elected alone or along with the 5% Enhanced Death Benefit Option. If both options are elected, the death benefit will be the greater of the two options.

<sup>10</sup>

This option may not be elected with another death benefit option.

<sup>11</sup>

This option may be elected alone or along with One-Year Step Up Death Benefit Option. If both options are elected, the death benefit will be the greater of the two options.

<sup>12</sup>

Nationwide will discontinue deducting the charge associated with the Extra Value Option seven years from the date the contract was issued. Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Contract Owner elects or has elected the Extra Value Option.

<sup>13</sup>

The Beneficiary Protector Option is available for contracts with Annuitants age 70 or younger at the time the option is elected.

<sup>14</sup>

The Capital Preservation Plus Option may only be elected at the time of application. Nationwide will discontinue deducting the charges associated with the Capital Preservation Plus Option at the end of the Guaranteed Term Option/Target Term Option that corresponds to the end of the program period elected by the Contract Owner.

**The next item shows the minimum and maximum total operating expenses charged by the underlying mutual funds that the Contract Owner may pay periodically during the life of the contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of the underlying mutual funds available under the contract, including their annual expenses, may be found in *Appendix A: Investment Options Available Under the Contract*.** 

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| | | |
|:---|:---|:---|
| **Annual Underlying Mutual Fund Expenses** | **Annual Underlying Mutual Fund Expenses** | **Annual Underlying Mutual Fund Expenses** |
|  | **Minimum** | **Maximum** |
| (Expenses that are deducted from underlying mutual fund assets, including <br> management fees, distribution and/or service (12b-1) fees, and other expenses, as a <br> percentage of average underlying mutual fund net assets.)<br>| 0.41% | 1.90% |

---

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**Example** 

**This Example is intended to help Contract Owners compare the cost of investing in the Sub-Accounts with the cost of investing in other annuity contracts that offer variable investment options. These costs include transaction expenses, annual contract expenses, and annual underlying mutual fund expenses. This Example assumes all Contract Value is allocated to the Sub-Accounts. Costs could differ from those shown below if Contract Value is allocated to the Fixed Account and/or a Guaranteed Term Option.** 

The Example assumes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a $100,000 investment in the contract for the time periods indicated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a 5% return each year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the seven year CDSC schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no market value adjustment is assessed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the maximum and the minimum fees and expenses of any of the underlying mutual funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable Account charges that reflect the most expensive combination of optional benefits available for an additional charge (3.65%). Specifically:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reduced Purchase Payment Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Five Year CDSC Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Additional Withdrawal Without Charge and Disability Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10 Year and Disability Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hardship Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Greater of One-Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guaranteed Minimum Income Benefit Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Extra Value Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Beneficiary Protector Option, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Capital Preservation Plus Option

Although your actual costs may be higher or lower, based on these assumptions, your costs would be.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** |
|  | **1 Yr.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** | **1 Yr.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** |
| &nbsp;&nbsp;&nbsp; Maximum <br> Annual <br> Underlying <br> Mutual Fund <br> Expenses <br> (1.90%)<br>| &nbsp;&nbsp; $12828 | &nbsp;&nbsp; $22338 | &nbsp;&nbsp; $31659 | &nbsp;&nbsp; $56152<br> &nbsp;&nbsp; \* | &nbsp;&nbsp; $17338 | &nbsp;&nbsp; $28659 | &nbsp;&nbsp; $56152 | &nbsp;&nbsp; $5828 | &nbsp;&nbsp; $17338 | &nbsp;&nbsp; $28659 | &nbsp;&nbsp; $56152 |
| &nbsp;&nbsp;&nbsp; Minimum <br> Annual <br> Underlying <br> Mutual Fund <br> Expenses <br> (0.41%)<br>| &nbsp;&nbsp; $11263 | &nbsp;&nbsp; $17883 | &nbsp;&nbsp; $24632 | &nbsp;&nbsp; $44072<br> &nbsp;&nbsp; \* | &nbsp;&nbsp; $12883 | &nbsp;&nbsp; $21632 | &nbsp;&nbsp; $44072 | &nbsp;&nbsp; $4263 | &nbsp;&nbsp; $12883 | &nbsp;&nbsp; $21632 | &nbsp;&nbsp; $44072 |

---

\*

The contracts sold under this prospectus do not permit annuitization during the first two Contract Years.

**Principal Risks** 

Contract Owners should be aware of the following risks associated with owning the contract:

------

**Risk of loss.** The Sub-Accounts invest in underlying mutual funds. Underlying mutual funds are variable investments, meaning their value will increase or decrease based on the performance of their portfolio holdings. Poor underlying mutual fund performance can result in a loss of Contract Value and/or principal.

**Not a short-term investment.** In general, deferred variable annuities are long-term investments; they are not suitable as short-term savings vehicles. Nationwide has designed the contract to offer features, pricing, and investment options that encourage long-term ownership. Specifically:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A Contract Owner who takes withdrawals from the contract within seven years of purchasing the contract or making a purchase payment could be subject to a CDSC, which in the short-term will reduce Contract Value or the amount payable to you, and in the long-term will reduce the ability of the Contract Value to grow over time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A Contract Owner who takes withdrawals from the contract before reaching age 59 1/2 could be subject to tax penalties that are mandated by the federal tax laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A withdrawal or transfer from a GTO prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

**Investment option availability.** Nationwide reserves the right to change the Sub-Accounts available under the contract, including adding new Sub-Accounts, and discontinuing availability of Sub-Accounts. Nationwide reserves the right to limit or refuse purchase payments and/or transfers allocated to the Fixed Account at its sole discretion. Nationwide also reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guarantee period. Decisions to make such changes are at Nationwide's discretion but will be in accordance with Nationwide's internal policies and procedures relating to such matters. Any changes to the availability of investment options may be subject to regulatory approval and notice will be provided.

**Investment option restrictions.** Certain options available under the contract impose restrictions on which investment options are available for investment and/or the portion of total Contract Value that is permitted to be allocated to certain investment options. These restrictions are imposed by Nationwide and depend on each investment option's risk characteristics. The permitted investment options are more conservative than those that are not permitted. This helps Nationwide manage its obligation to provide the Contract Owners with guarantees. By electing an optional benefit and accepting the limited menu of investment options, Contract Owners may be foregoing investment gains that could otherwise be realized by investing in riskier investment options that are not available under the optional benefit.

**Purchase payment restrictions.** A Contract Owner's ability to make subsequent purchase payments is subject to limitations under the contract, and may be subject to additional limitations under an optional benefit. Restrictions on subsequent purchase payments may limit a Contract Owner's ability to increase the value of the contract and its benefits through additional investments.

**Extra Value Option risk.** Certain optional benefits apply bonus credits to the contract. The bonus credits increase Contract Value which will increase the total dollar amount of fees that Nationwide collects. Nationwide may make a profit from the additional charges and over time, the benefit of the bonus credits could be more than offset by the additional charges assessed to the contract. Additionally, the recapture of the bonus credits (in the event of a withdrawal) could exceed any benefit of receiving the bonus credits.

**Active trading.** Neither the contracts described in this prospectus nor the underlying mutual funds are designed to support active trading strategies that require frequent movement between or among Sub-Accounts. Nationwide discourages (and will take action to deter) short-term trading in this contract because the frequent movement between or among Sub-Accounts may negatively impact other investors in the contract. In certain circumstances, to address active trading, Nationwide may require transfer requests to be submitted via U.S. mail. Additionally, underlying mutual funds are required to take certain actions in order to protect shareholders from negative impacts of short-term trading, which may include requiring Nationwide to prohibit particular Contract Owners from investing in a Sub-Account that invests in the impacted underlying mutual fund.

**Financial strength.** Contractual guarantees that exceed the value of the assets in the Variable Account (including death benefit guarantees that exceed the Contract Value and interest credited to Fixed Account and Guaranteed Term Option allocations are paid from Nationwide's general account, which is subject to Nationwide's financial strength and claims-paying ability. If Nationwide experiences financial distress, it may not be able to meet its obligations.

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**Regulatory risk.** The contract is governed by various state and federal laws and regulations, which are subject to change. Those changes could require Nationwide to make changes to the contract that alter the nature or value of certain benefits. Additionally, changes to the tax laws or regulations could limit or eliminate the tax benefits of the contract, resulting in greater tax liability or less earnings.

**Cybersecurity**. Nationwide's businesses are highly dependent upon its computer systems and those of its business partners and service providers. This makes Nationwide potentially susceptible to operational and information security risks resulting from a cybersecurity incident. These risks include direct risks, such as theft, misuse, corruption, and destruction of data maintained by Nationwide, and indirect risks, such as denial of service, attacks on systems or websites and other operational disruptions that could severely impede Nationwide's ability to conduct its businesses or administer the contract (e.g., calculate unit values or process transactions).

Financial services companies and their third-party service providers are increasingly the targets of cyber-attacks. The techniques used to attack systems and networks change frequently and are becoming more sophisticated, including through the use of artificial intelligence (AI) and AI-powered tools.

Cyber-attacks affecting Nationwide, the underlying mutual funds, intermediaries, and other service providers may adversely affect Nationwide and contract values. Cybersecurity risks may also impact the issuers of securities in which the underlying mutual funds invest, which may cause the underlying mutual funds to lose value. Although Nationwide undertakes substantial efforts to protect its computer systems from cyber-attacks, there can be no guarantee that Nationwide, its service providers, intermediaries, or the underlying mutual funds will be able to avoid or readily detect cybersecurity incidents affecting Contract Owners in the future.

In the event that contract administration or contract values are adversely affected as a result of a failure of Nationwide's cybersecurity controls, Nationwide will take reasonable steps to take corrective action and restore Contract Values to the levels that they would have been had the cybersecurity incident not occurred. Nationwide will not, however, be responsible for any adverse impact to contracts or contract values that result from the Contract Owner or its designee's negligent acts or failure to use reasonably appropriate safeguards to protect against cyber-attacks or to protect personal information.

**Business continuity risks.** Nationwide is exposed to risks related to natural and man-made disasters, such as storms, fires, earthquakes, public health crises, geopolitical disputes, military actions, and terrorist acts, which could adversely affect Nationwide's ability to administer the contract. Nationwide has adopted business continuity policies and procedures that may be implemented in the event of a natural or man-made disaster, but such business continuity plans may not operate as intended or fully mitigate the operational risks associated with such disasters.

Nationwide outsources certain critical business functions to third parties and, in the event of a natural or man-made disaster, relies upon the successful implementation and execution of the business continuity planning of such entities. While Nationwide closely monitors the business continuity activities of these third parties, successful implementation and execution of their business continuity strategies are largely beyond Nationwide's control. If one or more of the third parties to whom Nationwide outsources such critical business functions experience operational failures, Nationwide's ability to administer the contract could be impaired.

**Nationwide and the Variable Account** 

The contract is issued by Nationwide, with its home office at One Nationwide Plaza, Columbus, Ohio 43215. Nationwide Variable Account-9 is a separate account of Nationwide that invests in the underlying mutual funds listed in *Appendix A: Investment Options Available Under the Contract*. Income, gains, and losses credited to or charged against the Variable Account reflect the Variable Account's own investment experience and not the investment experience of Nationwide's other assets. The Variable Account's assets are held separately from General Account assets and may not be used to pay any liabilities of Nationwide other than those arising from the contract or other contracts supported by the Variable Account. The Variable Account is divided into Sub-Accounts, each of which invests in shares of a single underlying mutual fund.

Nationwide is obligated to pay all amounts promised to investors under the contracts. All guarantees under the contract are subject to Nationwide's creditworthiness and claims-paying ability.

The contracts are distributed by the general distributor, Nationwide Investment Services Corporation ("NISC"), One Nationwide Plaza, Columbus, Ohio 43215. NISC is a wholly-owned subsidiary of Nationwide.

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**Investment Options**

**The Sub-Accounts and Underlying Mutual Funds** 

Contract Value allocated to a Sub-Account will vary based on the investment experience of the corresponding underlying mutual fund in which the Sub-Account invests. There is a risk of loss of the entire amount invested.

The Contract Owner can allocate Contract Value to Sub-Accounts of the Variable Account, subject to conditions in the contract and underlying mutual funds. Each Sub-Account invests in shares of a single underlying mutual fund. Nationwide uses the assets of each Sub-Account to buy shares of the underlying mutual funds based on Contract Owner instructions. Nationwide buys and sells the mutual fund shares at their respective net asset value (NAV). Any dividends and distributions from a mutual fund are reinvested at NAV in shares of that mutual fund.

Information about each underlying mutual fund, including its name, type, adviser and subadviser (if applicable), current expenses, and performance, is available in *Appendix A: Investment Options Available Under the Contract*. Each underlying mutual fund issues its own prospectus that contains more detailed information about the underlying mutual fund. **Contract Owners can obtain prospectuses for underlying mutual funds free of charge at any time by visiting the website listed in *Appendix A: Investment Options Available Under the Contract* or contacting the Service Center (see *Contacting the Service Center*). Contract Owners should read these prospectuses carefully before investing.**

*Underlying mutual funds in the Variable Account are NOT publicly available mutual funds.* They are only available as investment options in variable life insurance policies or variable annuity contracts issued by life insurance companies, or in some cases, through participation in certain qualified pension or retirement plans.

The investment advisers of the underlying mutual funds may manage publicly available mutual funds with similar names and investment objectives. However, the underlying mutual funds are NOT the same as any publicly available mutual fund. Contract Owners should not compare the performance of a publicly available fund with the performance of underlying mutual funds participating in the Variable Account. The performance of the underlying mutual funds could differ substantially from that of any publicly available funds.

The particular underlying mutual funds available under the contract may change from time to time. Specifically, underlying mutual funds or underlying mutual fund share classes that are currently available may be removed or closed off to future investment. New underlying mutual funds or new share classes of currently available underlying mutual funds may be added. Contract Owners will receive notice of any such changes that affect their contract. The underlying mutual funds, which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreements and discontinue offering their shares to the Sub-Accounts.

In the future, additional underlying mutual funds managed by certain financial institutions, brokerage firms, or their affiliates may be added to the Variable Account. These additional underlying mutual funds may be offered exclusively to purchasing customers of the particular financial institution or brokerage firm, or through other exclusive distribution arrangements.

***Voting Rights*** 

Contract Owners are not shareholders of the underlying mutual funds in which the Sub-Accounts invest; however, Contract Owners with assets allocated to Sub-Accounts are entitled to certain voting rights. Nationwide will vote underlying mutual fund shares at shareholder meetings based on Contract Owner instructions and the instructions of owners of other contracts supported by the Variable Account. However, if the law changes and Nationwide is allowed to vote in its own right, it may elect to do so.

Contract Owners with voting interests in an underlying mutual fund will be notified of issues requiring shareholder vote as soon as possible before the shareholder meeting. Notification will contain proxy materials and a form with which to give Nationwide voting instructions. Nationwide will vote shares for which no instructions are received in the same proportion as those that are received. What this means is that when only a small number of Contract Owners vote, each vote has a greater impact on, and may control, the outcome.

The number of shares which a Contract Owner may vote is determined by dividing the cash value of the amount they have allocated to an underlying mutual fund by the Net Asset Value of that underlying mutual fund (as of a date set by the underlying mutual fund).

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***Material Conflicts*** 

The underlying mutual funds may be offered through separate accounts of other insurance companies, as well as through other separate accounts of Nationwide. Nationwide does not anticipate any disadvantages to this. However, it is possible that a conflict may arise between the interests of the Variable Account and one or more of the other separate accounts in which these underlying mutual funds participate.

Material conflicts may occur due to a change in law affecting the operations of variable life insurance policies and variable annuity contracts, or differences in the voting instructions of the Contract Owners and those of other companies. If a material conflict occurs, Nationwide will take whatever steps are necessary to protect Contract Owners and variable annuity payees, including withdrawal of the Variable Account from participation in the underlying mutual fund(s) involved in the conflict.

***Substitution of Securities*** 

Nationwide may substitute shares of another underlying mutual fund for shares already purchased or to be purchased in the future if either of the following occurs:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) shares of a current underlying mutual fund are no longer available for investment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) further investment in an underlying mutual fund is inappropriate.

Nationwide will not substitute shares of any underlying mutual fund in which the Sub-Accounts invest without any necessary prior approval of the appropriate state or federal regulatory authorities. All affected Contract Owners will be notified in the event there is a substitution, elimination, or combination of shares.

The substitute underlying mutual fund may have different fees and expenses. Substitution may be made with respect to existing investments or the investment of future purchase payments, or both. Nationwide may close Sub-Accounts to allocations of purchase payments or Contract Value, or both, at any time in its sole discretion. The underlying mutual funds, which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreements and discontinue offering their shares to the Sub-Accounts.

***Deregistration of the Variable Account*** 

Nationwide may deregister the Variable Account under the 1940 Act in the event the Variable Account meets an exemption from registration under the 1940 Act, if there are no outstanding contracts supported by the Variable Account, or for any other purpose approved by the SEC.

No deregistration may take place without the prior approval of the SEC. All affected Contract Owners will be notified in the event Nationwide deregisters the Variable Account. If the Variable Account is deregistered, Nationwide's contractual obligations to the Contract Owner will continue.

**The Fixed Account** 

The Contract Owner can allocate Contract Value to the Fixed Account, subject to conditions imposed by the contract. The Fixed Account is an investment option that is funded by assets of Nationwide's General Account. The General Account contains all of Nationwide's assets other than those in the Variable Account and other Nationwide separate accounts and is used to support Nationwide's annuity and insurance obligations. The General Account is not subject to the same laws as the Variable Account.

Information regarding the Fixed Account, including (i) its name; (ii) interest rate guarantee period; and (iii) its minimum guaranteed interest rate, is available in *Appendix A: Investment Options Available Under the Contract.* 

Purchase payments will be allocated to the Fixed Account by election of the Contract Owner. Nationwide reserves the right to limit or refuse purchase payments and/or transfers allocated to the Fixed Account at its sole discretion. Generally, Nationwide will invoke this right when interest rates are low by historical standards. Nationwide also reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guaranteed period. State law requires Nationwide to reserve the right to postpone payment or transfer out of the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request. The Fixed Account may not be available in every state.

Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Extra Value Option is elected. These restrictions may be imposed at Nationwide's sole discretion when economic conditions are such that Nationwide is unable to recoup the cost of providing the up-front Extra Value Option credits.

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The investment income earned by the Fixed Account will be allocated to the contracts at varying guaranteed interest rate(s) depending on the following categories of Fixed Account allocations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New Money Rate – The rate credited on the Fixed Account allocation when the contract is purchased or when subsequent purchase payments are made. Subsequent purchase payments may receive different New Money Rates than the rate when the contract was issued, since the New Money Rate is subject to change based on market conditions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable Account to Fixed Rate – Allocations transferred from any of the Sub-Accounts to the Fixed Account may receive a different rate. The rate may be lower than the New Money Rate. There may be limits on the amount and frequency of movements from the Sub-Accounts to the Fixed Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Renewal Rate – The rate available for maturing Fixed Account allocations which are entering a new guarantee period. The Contract Owner will be notified of this rate in a letter issued with the quarterly statements when a Contract Owner's Fixed Account allocation matures. At that time, the Contract Owner will have an opportunity to leave the money in the Fixed Account and receive the Renewal Rate or the Contract Owner can move the money to any of the other investment options. If no instruction is received by Nationwide, the Contract Owner will remain invested in the Fixed Account and will receive the Renewal Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Dollar Cost Averaging Rate – From time to time, Nationwide may offer a more favorable rate for an initial purchase payment into a new contract when used in conjunction with a Dollar Cost Averaging program. Rates will vary depending on the Dollar Cost Averaging program elected (see *Contract Owner Services*).

All of these rates are subject to change on a daily basis; however, once applied to the Fixed Account, the interest rates are guaranteed until the end of the calendar quarter during which the 12-month anniversary of the Fixed Account allocation occurs.

Credited interest rates are annualized rates – the effective yield of interest over a one-year period. Interest is credited to each contract on a daily basis. As a result, the credited interest rate is compounded daily to achieve the stated effective yield.

The guaranteed rate for any purchase payment will be effective for not less than 12 months. Nationwide guarantees that the rate will not be less than 1.50% per year. Contracts may be subject to a higher minimum guaranteed interest rate based on the date the contract was issued and/or state of issue. Any interest in excess of the minimum interest rate will be credited to Fixed Account allocations at Nationwide's sole discretion.

Nationwide guarantees that the value of Fixed Account allocations will not be less than the amount of the purchase payments and Extra Value Option credits allocated to the Fixed Account, plus interest credited as described above, less any withdrawals, Extra Value Option credits recaptured, and any applicable charges including CDSC.

***Fixed Account Interest Rate Guarantee Period*** 

The Fixed Account interest rate guarantee period is the period of time that the Fixed Account interest rate is guaranteed to remain the same. During a Fixed Account interest rate guarantee period, transfers cannot be made from the Fixed Account, and amounts transferred to the Fixed Account must remain on deposit.

For new purchase payments allocated to the Fixed Account and transfers to the Fixed Account, the Fixed Account interest rate guarantee period begins on the date of deposit or transfer and ends on the one-year anniversary of the deposit or transfer. The guaranteed interest rate period may last for up to three months beyond the one-year anniversary because guaranteed terms end on the last day of a calendar quarter.

***Fixed Account Charges Assessed for Certain Optional Benefits*** 

All interest rates credited to the Fixed Account will be determined as previously described. However, for contracts with certain optional benefits elected, a charge is assessed to assets allocated to the Fixed Account by reducing the interest crediting rate. Consequently, the charge assessed for the optional benefit will result in a lower credited interest rate (reduced by the amount of the charge).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Beneficiary Protector Option has a Fixed Account charge equal to 0.40%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Extra Value Option has a Fixed Account charge equal to 0.45% for the first seven Contract Years.

Even if the credited interest rate is reduced by an optional benefit charge, Nationwide guarantees that the interest rate credited to any assets in the Fixed Account will never be less than the minimum interest rate.

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**Guaranteed Term Options** 

Guaranteed Term Options or GTOs are separate investment options under the contract. Effective May 1, 2025, GTOs are not available to receive new allocations, transfers, or renewals. The minimum amount that may be allocated to a GTO is $1,000. Allocations to a Guaranteed Term Option are held in a separate account, established by Nationwide pursuant to Ohio law, to aid in the reserving and accounting for Guaranteed Term Option obligations. The separate account's assets are held separately from Nationwide's other assets and are not chargeable with liabilities incurred in any other business of Nationwide. However, Nationwide's General Account assets are available for the purpose of meeting the guarantees of any Guaranteed Term Option, subject to Nationwide's claims-paying ability. A Guaranteed Term Option prospectus should be read along with this prospectus. Guaranteed Term Options may not be available in every state.

Guaranteed Term Options provide a guaranteed rate of interest over four different maturity durations: three (3), five (5), seven (7) or ten (10) years. **Note:** The guaranteed term may last for up to three months beyond the 3, 5, 7, or 10-year period since every guaranteed term will end on the final day of a calendar quarter.

For the duration selected, Nationwide will declare a guaranteed interest rate. The guaranteed interest rate will be credited to amounts allocated to the Guaranteed Term Option unless the Contract Owner takes a withdrawal from their GTO allocation before the maturity date. Nationwide guarantees that the guaranteed interest rate will not be less than 0.00% per year.

A withdrawal or transfer from a GTO prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. A market value adjustment can increase or decrease the amount withdrawn depending on fluctuations in constant maturity treasury rates. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred. No market value adjustment will be applied if Guaranteed Term Option allocations are held to maturity.

Because a market value adjustment can affect the value of a withdrawal, its effects should be carefully considered before surrendering or transferring from Guaranteed Term Options. Contact the Service Center for additional information on the GTOs.

Information regarding each Guaranteed Term Option, including (i) its name; (ii) interest rate guarantee period; and (iii) its minimum guaranteed interest rate, is available in *Appendix A: Investment Options Available Under the Contract*.

***Target Term Options*** 

Due to certain state requirements, in some states, Nationwide uses Target Term Options instead of Guaranteed Term Options in connection with the Capital Preservation Plus Option. Target Term Options are not available separate from the Capital Preservation Plus Option.

For all material purposes, Guaranteed Term Options and Target Term Options are the same. Target Term Options are managed and administered identically to Guaranteed Term Options. The distinction is that the interest rate associated with Target Term Options is not guaranteed as it is in Guaranteed Term Options. However, because the options are managed and administered identically, the result to the investor is the same.

All references in this prospectus to Guaranteed Term Options in connection with the Capital Preservation Plus Option will also mean Target Term Options (in applicable jurisdictions). Contact the Service Center for more information on the Guaranteed Term Options.

***GTO Charges Assessed for Certain Optional Benefits*** 

For contracts with certain optional benefits elected, a charge is assessed to assets allocated to the Guaranteed Term Options by reducing the guaranteed rate of return. Consequently, the charge assessed for the optional benefit will result in a lower guaranteed rate of return (reduced by the amount of the charge).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Extra Value Option has a GTO charge equal to 0.45% for the first seven Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Beneficiary Protector Option has a GTO charge equal to 0.40%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Capital Preservation Plus Option has a GTO charge equal to 0.50%.

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**Contacting the Service Center** 

All inquiries, paperwork, information requests, service requests, and transaction requests should be made to the Service Center:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by telephone at 1-800-848-6331 (TDD 1-800-238-3035)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by mail to P.O. Box 182021, Columbus, Ohio 43218-2021

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by fax at 1-888-634-4472

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by Internet at www.nationwide.com.

Nationwide reserves the right to restrict or remove the ability to submit service requests via Internet, phone, or fax upon written notice.

Not all methods of communication are available for all types of requests. To determine which methods are permitted for a particular request, refer to the specific transaction provision in this prospectus or call the Service Center. Requests submitted by means other than described in this prospectus could be returned or delayed.

Service and transaction requests will generally be processed on the Valuation Date they are received at the Service Center as long as the request is in good order, see *Operation of the Contract*. Good order generally means that all necessary information to process the request is complete and in a form acceptable to Nationwide. If a request is not in good order, Nationwide will take reasonable actions to obtain the information necessary to process the request. Requests that are not in good order may be delayed or returned. Nationwide reserves the right to process any purchase payment or withdrawal request sent to a location other than the Service Center on the Valuation Date it is received at the Service Center. On any day the post office is closed, Nationwide is unable to retrieve service and transaction requests that are submitted by mail. This will result in a delay of the delivery of those requests to the Service Center.

Nationwide will use reasonable procedures to confirm that instructions are genuine and will not be liable for following instructions that it reasonably determined to be genuine. Nationwide may record telephone requests. Telephone and computer systems may not always be available. Any telephone system or computer can experience outages or slowdowns for a variety of reasons. The outages or slowdowns could prevent or delay processing. Although Nationwide has taken precautions to support heavy use, it is still possible to incur an outage or delay. To avoid technical difficulties, submit transaction requests by mail.

**Charges and Adjustments**

**Mortality and Expense Risk Charge**

Nationwide deducts a Mortality and Expense Risk Charge equal to an annualized rate of 0.95% of the Daily Net Assets. The Mortality and Expense Risk Charge compensates Nationwide for providing the insurance benefits under the contract, including the contract's standard death benefit. It also compensates Nationwide for assuming the risk that Annuitants will live longer than assumed. Finally, the Mortality and Expense Risk Charge compensates Nationwide for guaranteeing that charges will not increase regardless of actual expenses. Nationwide may realize a profit from this charge.

**Contingent Deferred Sales Charge**

No sales charge deduction is made from purchase payments upon deposit into the contract. However, if any part of the contract is withdrawn, Nationwide may deduct a CDSC. The CDSC will not exceed 7% of purchase payments withdrawn.

The CDSC is calculated by multiplying the applicable CDSC percentage (noted in the following table) by the amount of purchase payments withdrawn. For purposes of calculating the CDSC, withdrawals are considered to come first from the oldest purchase payment made to the contract, then the next oldest purchase payment, and so forth. CDSC provisions vary by state. Refer to the contract for state specific information.

The CDSC applies as follows:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5** | **6** | **7+** |
| CDSC Percentage | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 5% | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 3% | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 0% |

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Earnings are not subject to the CDSC, but may not be distributed prior to the distribution of all purchase payments. (For tax purposes, a withdrawal is usually treated as a withdrawal of earnings first.)

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The CDSC is used to cover sales expenses, including commissions, production of sales material, and other promotional expenses. If expenses are greater than the CDSC, the shortfall will be made up from Nationwide's general assets, which may indirectly include portions of the Variable Account charges, since Nationwide may generate a profit from these charges.

All or a portion of any withdrawal may be subject to federal income taxes. Contract Owners taking withdrawals before age 59½ may be subject to a 10% penalty tax.

Additional purchase payments applied to the contract after receiving the benefit associated with the Spousal Protection Feature are subject to the CDSC provisions of the contract. However, no CDSC will apply to purchase payments applied to the contract before the death of the first spouse.

***Waiver of Contingent Deferred Sales Charge***

The maximum amount that can be withdrawn annually without a CDSC is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 10% of purchase payments that are still subject to CDSC (which is equal to the total purchase payments subject to CDSC minus purchase payments previously withdrawn that were subject to CDSC) ; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) any amount withdrawn to meet minimum distribution requirements for this contract under the Internal Revenue Code.

This CDSC-free withdrawal privilege is non-cumulative. Free amounts not taken during any given Contract Year cannot be taken as free amounts in a subsequent Contract Year.

**Note:** CDSC-free withdrawals do not count as "purchase payments previously withdrawn that were subject to CDSC" and, therefore, do not reduce the amount used to calculate subsequent CDSC-free withdrawal amounts.

In addition, no CDSC will be deducted:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) upon the annuitization of contracts which have been in force for at least two years;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) upon payment of a death benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) from any values which have been held under a contract for at least seven years (five years if the Five-Year CDSC is elected); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) if an optional death benefit is elected and the conditions described in the Long-Term Care/Nursing Home and Terminal Illness Waiver section are met.

No CDSC applies to transfers between or among the various investment options in the contract.

A contract held by a Charitable Remainder Trust (within the meaning of Internal Revenue Code Section 664) may withdraw the greater of (i) the amount available under the CDSC-free withdrawal privilege described above, and (ii) the difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Contract Value at the close of the day prior to the date of the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the total purchase payments made to the contract as of the date of the withdrawal (less an adjustment for amounts previously withdrawn).

The CDSC will not be eliminated if to do so would be unfairly discriminatory or prohibited by state law.

***Long-Term Care/Nursing Home and Terminal Illness Waiver***

The death benefit options (but not the standard death benefit) include a Long-Term Care/Nursing Home and Terminal Illness Waiver. This benefit may not be available in every state.

Under this provision, no CDSC will be charged if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the third Contract Anniversary has passed and the Contract Owner has been confined to a long-term care facility or hospital for a continuous 90-day period that began after the contract issue date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Contract Owner has been diagnosed by a physician at any time after contract issuance to have a terminal illness and Nationwide receives and records a letter from that physician indicating such diagnosis.

Written notice and proof of terminal illness or confinement for 90 days in a hospital or long-term care facility must be received in a form satisfactory to Nationwide and recorded at the Service Center prior to waiver of the CDSC.

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In the case of joint ownership, the waivers will apply if either joint owner meets the qualifications listed above.

For those contracts that have a non-natural person as Contract Owner as an agent for a natural person, the Annuitant may exercise the right of the Contract Owner for purposes described in this provision. If the non-natural Contract Owner does not own the contract as an agent for a natural person (e.g., the Contract Owner is a corporation or a trust for the benefit of an entity), the Annuitant may not exercise the rights described in this provision.

**Note:** The benefit associated with this feature is the waiver of CDSC under certain circumstances. This feature is not intended to provide or imply that the contract provides long-term care or nursing home insurance coverage.

**Premium Taxes**

Certain states or other governmental entities charge premium tax on purchase payments. Nationwide will charge against the Contract Value any premium taxes levied by a state or other government entity. Premium tax rates currently range from 0% to 3.5% and vary from state to state. The range is subject to change. Nationwide will assess premium taxes to the contract at the time Nationwide is assessed the premium taxes by the state. **Premium taxes may be deducted from death benefit proceeds.**

**Loan Processing Fee and Loan Interest Charge** 

Nationwide charges a Loan Processing Fee at the time each new loan is processed. The Loan Processing Fee will not exceed $25 per loan processed. This fee compensates Nationwide for expenses related to administering and processing loans. Some states may not allow Nationwide to assess a Loan Processing Fee. The fee is taken from all of the investment options in proportion to the Contract Value at the time the loan is processed.

Nationwide also assesses a loan interest charge, assessed as a reduction to the credited interest rate. The loan interest rate is determined, based on market conditions, at the time of loan application or issuance. The loan balance in the collateral Fixed Account is credited with interest at 2.25% less than the loan interest rate. Thus, the net loan interest charge is an annual rate of 2.25%, which is applied against the outstanding loan balance. The Annual Loan Interest Charge will not exceed 2.25%.

For more detailed information about loans, see *Loan Privilege*.

**Reduced Purchase Payment Option** 

For an additional charge equal to an annualized rate of 0.25% of the Daily Net Assets, an applicant can elect the Reduced Purchase Payment Option. The charge will be assessed until the annuitization unless the Contract Owner terminates the option. The Reduced Purchase Payment Option reduces the initial purchase payment for that contract to $1,000 and the minimum subsequent purchase payment for that contract to $25. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Five Year CDSC Option** 

For an additional charge equal to an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the Five-Year CDSC Option, which reduces the standard CDSC schedule to a five-year CDSC schedule. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Additional Withdrawal Without Charge and Disability Waiver** 

Each contract has a standard 10% CDSC-free withdrawal privilege each year. For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, the Contract Owner can, each year, withdraw an additional 5% of total purchase payments without incurring a CDSC. This option also contains a disability waiver whereby Nationwide will waive CDSC if a Contract Owner (or Annuitant if the contract is owned by a non-natural owner) is disabled after the contract is issued but before reaching age 65. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

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**10 Year and Disability Waiver** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can elect the 10 Year and Disability Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner has been the owner of the contract for at least 10 years, and the Contract Owner has made regular payroll deferrals during the entire Contract Year for at least five of those 10 years. This option also contains a disability waiver whereby Nationwide will waive CDSC if the Contract Owner is disabled after the contract is issued but before reaching age 65. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Hardship Waiver** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can purchase the Hardship Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner experiences a hardship (as defined for purposes of Internal Revenue Code Section 401(k)). The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is generally described as the greatest of Contract Value, net purchase payments, and highest Contract Value on any Contract Anniversary before Annuitant's 86<sup>th</sup> birthday, and includes the Spousal Protection Feature and the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**One-Year Step Up Death Benefit Option** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant can elect the One-Year Step Up Death Benefit Option. The One-Year Step Up Death Benefit Option is only available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. The One-Year Step Up Death Benefit Option is generally described as the greatest of Contract Value, net purchase payments, and highest Contract Value on any Contract Anniversary before Annuitant's 86th birthday, and includes the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection** 

For an additional charge at an annualized rate of 0.20% of the Daily Net Assets, an applicant can elect the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection. The Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is generally described as the greatest of Contract Value, net purchase payments, highest Contract Value on any Contract Anniversary before Annuitant's 86th birthday, and the interest anniversary value (purchase payments, accumulated at the Interest Anniversary Rate until the last Contract Anniversary prior to the Annuitant's 86th birthday), and includes the Spousal Protection Feature and the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**5% Enhanced Death Benefit Option** 

For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, an applicant can elect 5% Enhanced Death Benefit Option. The 5% Enhanced Death Benefit Option is only 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. The 5% Enhanced Death Option is generally described as the greater of Contract Value and the interest anniversary value (purchase payments, accumulated at the Interest Anniversary Rate until the last Contract Anniversary

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prior to the Annuitant's 86th birthday), and includes the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Guaranteed Minimum Income Benefit Options** 

For contracts issued prior to May 1, 2003, two Guaranteed Minimum Income Benefit Options were available at the time of application. If the applicant elected one or both of the Guaranteed Minimum Income Benefit Options, Nationwide will deduct an additional charge at an annualized rate of 0.45% and/or 0.30% of the Daily Net Assets, depending on the option chosen. The charge will be assessed until annuitization. A GMIB is a benefit that ensures the availability of a minimum amount when the Contract Owner wishes to annuitize the contract. This minimum amount may be used to provide a guaranteed level of lifetime annuity payments. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Extra Value Option** 

Applicants can elect the Extra Value Option, in which case Nationwide will apply a credit to the contract equal to 3% of each purchase payment made to the contract for the first 12 months the contract is in force. In exchange, Nationwide will assess an additional charge equal to an annualized rate of 0.45% of the Daily Net Assets for the first seven Contract Years. In addition, allocations made to the Fixed Account and the GTOs will be assessed a fee of 0.45% for the first seven Contract Years. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Beneficiary Protector Option** 

For an additional charge equal to an annualized rate of 0.40% of the Daily Net Assets, an applicant or an existing Contract Owner can elect the Beneficiary Protector Option. In addition, allocations to the Fixed Account or the Guaranteed Term Options will be assessed a fee of 0.40%. The charge will be assessed until the earlier of annuitization or after the benefit has been credited to the contract. The Beneficiary Protector Option provides that upon the death of the Annuitant, and in addition to any death benefit payable, Nationwide will credit an additional amount to the contract (the "benefit"). For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Capital Preservation Plus Option** 

For contracts with the Capital Preservation Plus Option, Nationwide will assess an additional charge equal to an annualized rate of 0.50% of the Daily Net Assets. In addition, allocations to the Guaranteed Term Options will be assessed a fee of 0.50%. The charge will be assessed until annuitization. The Capital Preservation Plus Option provides a "return of principal" guarantee over an elected period of time. Contract Value at the end of the program period will be no less than Contract Value at the beginning of the program period, regardless of market performance. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Removal of Variable Account Charges** 

For certain optional benefits, a charge is assessed only for a specified period of time. To remove the charge, Nationwide systematically re-rates the contract. This re-rating results in lower contract charges, but no change in Contract Value or any other contractual benefit.

Re-rating involves two steps: the adjustment of contract expenses and the adjustment of the number of units in the contract.

The first step, the adjustment of contract expenses, involves removing the charge from the unit value calculation.

***Example:***<br>

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&nbsp;&nbsp; On a contract where the only optional benefit elected is the Extra Value Option, the Variable <br> Account value will be calculated using unit values with Variable Account charges of 1.40% <br> for the first seven Contract Years. At the end of that period, the charge associated with the <br> Extra Value Option will be removed. From that point on, the Variable Account value will be <br> calculated using the unit values with Variable Account charges at 0.95%. Thus, the Extra <br> Value Option charge is no longer included in the daily Sub-Account valuation for the <br> contract.<br>

The second step of the re-rating process, the adjustment of the number of units in the contract, is necessary in order to keep the re-rating process from altering the Contract Value. Generally, for any given Sub-Account, the higher the Variable Account charges, the lower the unit value, and vice versa.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Sub-Account X with charges of 1.40% will have a lower unit value than Sub-Account X with <br> charges of 0.95% (higher expenses result in lower unit values). When, upon re-rating, the <br> unit values used in calculating Variable Account value are dropped from the higher expense <br> level to the lower expense level, the higher unit values will cause an incidental increase in <br> the Contract Value. In order to avoid this incidental increase, Nationwide adjusts the number <br> of units in the contract down so that the Contract Value after the re-rating is the same as the <br> Contract Value before the re-rating.<br>|

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**Underlying Mutual Fund Charges** 

In addition to the charges indicated above, the underlying mutual funds in which the Sub-Accounts invest have their own fees and charges which are paid out of the assets of the underlying mutual fund. More information about the fees and charges of the underlying mutual funds can be found in the prospectus for each underlying mutual fund which can be obtained free of charge by visiting the website listed in *Appendix A: Investment Options Available Under the Contract* or contacting Nationwide's Service Center.

**Market Value Adjustment** 

A withdrawal or transfer from a Guaranteed Term Option (GTO) prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

A market value adjustment is in addition to any applicable CDSC.

The market value adjustment is determined by multiplying a market value adjustment factor (arrived at by using the market value adjustment formula, which can be obtained by contacting the Service Center) by the "specified value" (or the portion of the specified value being withdrawn), which is the amount allocated to the GTO, plus interest accrued at the specified interest rate, minus prior withdrawals. The market value adjustment may either increase or decrease the amount of the withdrawal.

The market value adjustment is intended to approximate, without duplicating, Nationwide's experience when it liquidates assets in order to satisfy contractual obligations. Such obligations arise when contract owners make withdrawals, or when the operation of the contract requires a distribution.

A Contract Owner may call the Service Center to obtain the current market value adjustment applicable to each of their Guaranteed Term Options. The market value adjustment fluctuates daily, and the quoted market value adjustment may differ from the actual market value adjustment assessed on a withdrawal or transfer.

Because a market value adjustment can affect the value of a withdrawal, its effects should be carefully considered before surrendering or transferring from Guaranteed Term Options. Contact the Service Center for additional information on the Guaranteed Term Options.

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**Profitability** 

Nationwide does consider profitability when determining the charges in the contract. In early Contract Years, Nationwide does not anticipate earning a profit, since that is a time when administrative and distribution expenses are typically higher. Nationwide does, however, anticipate earning a profit in later Contract Years. In general, Nationwide's profit will be greater the higher the investment return and the longer the contract is held.

**The Contract in General**

**Types of Contracts Issued** 

The contracts may be issued as either individual or group contracts. In those states where contracts are issued as group contracts, references throughout this prospectus to "contract(s)" will also mean "certificate(s)" and "Contract Owner" will mean "participant" unless the plan permits or requires the Contract Owner to exercise contract rights under the terms of the plan.

The contracts can be categorized as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Charitable Remainder Trusts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Individual Retirement Annuities ("IRAs") with contributions rolled over or transferred from certain tax-qualified plans\*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Investment-Only Contracts (Qualified Plans)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-Qualified Contracts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Roth IRAs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Simplified Employee Pension IRAs ("SEP IRAs")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Simple IRAs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tax Sheltered Annuities with contributions rolled over or transferred from certain Tax Sheltered Annuities\*

\*

Contributions are not required to be rolled over or transferred if the Contract Owner elects the Reduced Purchase Payment Option.

Nationwide no longer issues the contract as a Tax Sheltered Annuity, except to participants in ERISA and ORP plans that have purchased a Nationwide individual annuity contract before September 25, 2007.

For more detailed information about the differences in contract types, see *Appendix B: Contract Types and Tax Information*.

The contracts described in this prospectus are no longer available for purchase.

**Minimum Initial and Subsequent Purchase Payments**

All purchase payments must be paid in the currency of the United States of America. The minimum initial purchase payment is $15,000. The minimum subsequent purchase payment is $1,000.

If the Contract Owner elects the Reduced Purchase Payment Option, minimum initial and subsequent purchase payment requirements will be reduced accordingly.

Some states have different minimum initial and subsequent purchase payment amounts, and subsequent purchase payments may not be permitted in all states. Contact the Service Center for information on initial and subsequent purchase payment requirements in a particular state.

Extra Value Option credits may not be used to meet minimum purchase payment requirements.

**Nationwide reserves the right to refuse any purchase payment that would result in the cumulative total for all contracts issued by Nationwide or its affiliates or subsidiaries on the life of any one Annuitant or owned by any one Contract Owner to exceed $1,000,000.** Its decision as to whether or not to accept a purchase payment in excess of that amount will be based on one or more factors, including, but not limited to: age, spouse age (if applicable), Annuitant age, state of issue, total purchase payments, optional benefits elected, current market conditions, and current hedging costs. All such decisions will be based on internally established actuarial guidelines and will be applied in a non-discriminatory manner. In the event that Nationwide does not accept a purchase payment under these guidelines, the purchase payment will be immediately returned in its entirety in the same manner as it was received. If Nationwide

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accepts the purchase payment, it will be applied to the contract immediately and will receive the next calculated Accumulation Unit value. Any references in this prospectus to purchase payment amounts in excess of $1,000,000 are assumed to have been approved by Nationwide.

Nationwide prohibits subsequent purchase payments made after death of the Contract Owner(s), the Annuitant, or Co-Annuitant. If upon notification of death of the Contract Owner(s), the Annuitant, or Co-Annuitant, it is determined that death occurred prior to a subsequent purchase payment being made, Nationwide reserves the right to return the purchase payment.

**Dollar Limit Restrictions** 

Certain features of the contract have additional purchase payment and/or Contract Value limitations associated with them:

*Guaranteed Term Options.* The minimum amount that may be allocated to a Guaranteed Term Option is $1,000.

**Money Laundering** 

In order to comply with the USA PATRIOT Act and rules promulgated thereunder, Nationwide has implemented procedures designed to prevent contracts described in this prospectus from being used to facilitate money laundering or the financing of terrorist activities. If mandated under applicable law, Nationwide may be required to reject a purchase payment and/or block a Contract Owner's account and thereby refuse to process any request for transfers, withdrawals, surrenders, loans, or death benefits until instructions are received from the appropriate regulators. Nationwide may also be required to provide additional information about a Contract Owner or a Contract Owner's account to governmental regulators.

**Replacements** 

If the contract described in this prospectus is replacing another variable annuity, the mortality tables used to determine the amount of annuity payments for this contract may be less favorable than those in the contract being replaced. Additionally, upon replacement, all benefits accrued under the replaced contract are forfeited. The issuance of this contract as a replacement for any investment product may result in the payment of compensation to the financial professional, which could create a conflict of interest.

**Contestability** 

Nationwide will not contest the contract.

**Payments to Minors** 

Nationwide will not pay insurance proceeds directly to minors. Contact a legal advisor for options to facilitate the timely availability of monies intended for a minor's benefit.

**Contract Misuse** 

The annuity described in this prospectus is intended to provide benefits to a single individual and his/her beneficiaries. It is not intended to be used by institutional investors, in connection with other Nationwide contracts that have the same Annuitant, or in connection with other Nationwide contracts that have different Annuitants, but the same Contract Owner. If Nationwide determines that the risks it intended to assume in issuing the contract have been altered by misusing the contract as described above, Nationwide reserves the right to take any action it deems necessary to reduce or eliminate the altered risk. Nationwide also reserves the right to take any action it deems necessary to reduce or eliminate altered risk resulting from materially false, misleading, incomplete, or otherwise deficient information provided by the Contract Owner.

**Nationwide's General Account Obligations** 

Nationwide is obligated to pay all amounts promised to Contract Owners under the contract. Any obligations Nationwide has to Contract Owners under the contracts in excess of the Contract Value are paid from the General Account and are subject to Nationwide's creditors and ultimately, its overall claims paying ability.

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**Contractual Guarantees** 

These contracts are offered to customers of various financial institutions and brokerage firms. No financial institution or brokerage firm is responsible for any of the contractual insurance benefits and features guaranteed under the contracts. *These guarantees are the sole responsibility of Nationwide*.

**Reservation of Rights**

In addition to rights that Nationwide specifically reserves elsewhere in this prospectus, Nationwide reserves the right, subject to any applicable regulatory approvals, to perform any or all of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• close Sub-Accounts to additional purchase payments on existing contracts or close Sub-Accounts for contracts purchased on or after specified dates. Changes of this nature will be made as directed by the underlying mutual funds or because Nationwide determines that the underlying mutual fund is no longer suitable (see *Underlying Mutual Fund Service Fee Payments)*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make changes required by any change in the federal securities laws, including, but not limited to, the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, or any other changes to the Securities and Exchange Commission's rules and regulations thereunder or interpretation thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make any changes necessary to maintain the status of the contracts as annuities under the Internal Revenue Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make any changes required by federal or state laws with respect to annuity contracts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• suspend or discontinue sale of the contracts. The decision to suspend or discontinue sale of the contracts is made at Nationwide's discretion. Any decision of this nature would not impact current Contract Owners.

Contract Owners will be notified of any resulting changes by way of a supplement to the prospectus.

**Distribution, Promotional, and Sales Expenses** 

Nationwide pays commissions to the firms that sell the contracts. The maximum gross commission that Nationwide will pay on the sale of the contracts is 6.5% of purchase payments. **Note:** The individual financial professionals typically receive only a portion of this amount; the remainder is retained by the firm. Nationwide may also, instead of a premium-based commission, pay an asset-based commission (sometimes referred to as "trails" or "residuals"), or a combination of the two.

In addition to or partially in lieu of commission, and to the extent permitted by SEC and FINRA rules and other applicable laws and regulations, Nationwide may also pay the selling firms a marketing allowance, which is based on the firm's ability and demonstrated willingness to promote and market Nationwide's products. How any marketing allowance is spent is determined by the firm, but generally will be used to finance firm activities that may contribute to the promotion and marketing of Nationwide's products, which may include but not be limited to providing conferences or seminars, sales or training programs, advertising and sales campaigns regarding the contracts, and payments to assist a firm in connection with its administrative systems, operations and marketing expenses and/or other events or activities sponsored by the firms.

Nationwide may also host training and/or educational meetings including the cost of travel, accommodations and meals for firms that sell the contracts as well as assist such firms with marketing or advertisement costs.

For more information on the exact compensation arrangement associated with this contract, consult your financial professional.

**Underlying Mutual Fund Service Fee Payments** 

***Nationwide's Relationship with the Underlying Mutual Funds*** 

The underlying mutual funds incur expenses each time they sell, administer, or redeem their shares. The Variable Account aggregates Contract Owner purchase, redemption, and transfer requests and submits net or aggregated purchase/redemption requests to each underlying mutual fund on each Valuation Date. The Variable Account (not the Contract Owners) is the underlying mutual fund shareholder. When the Variable Account aggregates transactions, the underlying mutual fund does not incur the expense of processing individual transactions it would normally incur if it sold its shares directly to the public. Nationwide incurs these expenses instead.

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Nationwide also incurs the distribution costs of selling the contract (as discussed above), which benefit the underlying mutual funds by providing Contract Owners with Sub-Account options that correspond to the underlying mutual funds.

An investment adviser or subadviser of an underlying mutual fund or its affiliates may provide Nationwide or its affiliates with wholesaling services that assist in the distribution of the contract and may pay Nationwide or its affiliates to participate in educational and/or marketing activities. These activities may provide the adviser or subadviser (or their affiliates) with increased exposure to persons involved in the distribution of the contract.

***Types of Payments Nationwide Receives*** 

In light of the above, the underlying mutual funds and their affiliates make certain payments to Nationwide or its affiliates (the "payments"). The amount of these payments is typically based on a percentage of assets invested in the underlying mutual funds attributable to the contracts and other variable contracts Nationwide and its affiliates issue, but in some cases may involve a flat fee. These payments are made for various purposes, including payments for the services provided and expenses incurred by the Nationwide companies in promoting, marketing and administering the contracts and underlying funds. Nationwide may realize a profit on the payments received.

Nationwide or its affiliates receive the following types of payments:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Underlying mutual fund 12b-1 fees, which are deducted from underlying mutual fund assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Sub-transfer agent fees or fees pursuant to administrative service plans adopted by the underlying mutual fund, which may be deducted from underlying mutual fund assets; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Payments by an underlying mutual fund's adviser or subadviser (or its affiliates), from their own revenues. Such payments are not from underlying mutual fund assets. However, the revenues from which such payments are made may be derived from advisory fees, which are deducted from underlying mutual fund assets and are reflected in mutual fund charges.

Furthermore, Nationwide benefits from assets invested in Nationwide's affiliated underlying mutual funds (*i.e.*, Nationwide Variable Insurance Trust) because its affiliates also receive compensation from the underlying mutual funds for investment advisory, administrative, transfer agency, distribution, and/or other services provided. Thus, Nationwide may receive more revenue with respect to affiliated underlying mutual funds than unaffiliated underlying mutual funds.

Nationwide took into consideration the anticipated mutual fund service fee payments from the underlying mutual funds when it determined the charges imposed under the contracts. Without these mutual fund service fee payments, Nationwide would have imposed higher charges under the contract.

***Amount of Payments Nationwide Receives*** 

For the year end December 31, 2025, the underlying mutual fund service fee payments Nationwide and its affiliates received from the underlying mutual funds did not exceed 0.75% (as a percentage of the average Daily Net Assets invested in the underlying mutual funds) offered through the contract or other variable contracts that Nationwide and its affiliates issue. Payments from investment advisers or subadvisers to participate in educational and/or marketing activities have not been taken into account in this percentage.

Most underlying mutual funds or their affiliates have agreed to make payments to Nationwide or its affiliates, although the applicable percentages may vary from underlying mutual fund to underlying mutual fund and some may not make any payments at all. Because the amount of the actual payments Nationwide and its affiliates receive depends on the assets of the underlying mutual funds attributable to the contract, Nationwide and its affiliates may receive higher payments from underlying mutual funds with lower percentages (but greater assets) than from underlying mutual funds that have higher percentages (but fewer assets).

For contracts owned by an employer sponsored retirement plan subject to ERISA, upon a plan trustee's request, Nationwide will provide a best estimate of plan-specific, aggregate data regarding the amount of underlying mutual fund service fee payments Nationwide received in connection with the plan's investments either for the previous calendar year or plan year, if the plan year is not the same as the calendar year.

***Identification of Underlying Mutual Funds*** 

Nationwide may consider several criteria when identifying the underlying mutual funds, including some or all of the following: investment objectives, investment process, risk characteristics, investment capabilities, experience and resources, investment consistency, fund expenses, asset class coverage, the alignment of the investment objectives of the underlying mutual fund with Nationwide's hedging strategy, the strength of the adviser's or subadviser's reputation and tenure, brand recognition, and the capability and qualification of each investment firm. Other factors Nationwide may

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consider during the identification process are: whether the underlying mutual fund's adviser or subadviser is a Nationwide affiliate; whether the underlying mutual fund or its service providers (e.g. the investment adviser or subadvisers), or its affiliates will make mutual fund service fee payments to Nationwide or its affiliates in connection with certain administrative, marketing, and support services; or whether affiliates of the underlying mutual fund can provide marketing and distribution support for sales of the contracts. For additional information on these arrangements, see above*.* Nationwide reviews the funds periodically and may remove a fund or limit its availability to new contributions and/or transfers of account value if Nationwide determines that a fund no longer satisfies one or more of the selection criteria, and/or if the fund has not attracted significant allocations from Contract Owners.

Nationwide does not recommend or endorse any particular fund and it does not provide investment advice.

There may be underlying mutual funds with lower fees and expenses, as well as other variable contracts that offer underlying mutual funds with lower fees and expenses. The purchaser should consider all of the fees and charges of the contract in relation to its features and benefits when making a decision to invest. **Note:** Higher contract and underlying mutual fund fees and expenses have a direct effect on and may lower investment performance.

**Treatment of Unclaimed Property** 

Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period of inactivity of three to five years from the contract's Annuity Commencement Date or the date Nationwide becomes informed that a death benefit is due and payable. For example, if the payment of a death benefit has been triggered, but, if after a thorough search, Nationwide is still unable to locate the beneficiary of the death benefit, or the beneficiary does not come forward to claim the death benefit in a timely manner, the death benefit will be surrendered and placed in a non-interest bearing account. While in the non-interest bearing account, Nationwide will continue to perform due diligence required by state law. Once the state mandated period has expired, Nationwide will escheat the death benefit to the abandoned property division or unclaimed property office of the state in which the beneficiary or the Contract Owner last resided, as shown on Nationwide's books and records, or to Ohio, Nationwide's state of domicile. If a claim is subsequently made, the state is obligated to pay any such amount (without interest) to the designated recipient upon presentation of proper documentation.

To prevent escheatment, it is important to update beneficiary designations - including complete names, complete addresses, phone numbers, and social security numbers - as they change. Such updates should be sent to the Service Center.

**Benefits Under the Contract** 

**The following tables summarize information about the benefits under the contract.** The Standard Benefits table indicates the benefits that are available under the contract and for which there is no additional charge. The Optional Benefits table indicates the benefits that are (or were) available under the contract that are optional – they must be affirmatively elected by the applicant and may have an additional charge. The availability of contract benefits may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations*).

**Standard Benefits Table** 

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| | | | |
|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Brief Description of Restrictions/Limitations** |
| Standard Death Benefit | Death benefit upon <br> death of Annuitant prior <br> to Annuitization<br>|  | &nbsp;&nbsp;&nbsp; ● Nationwide may limit purchase payments to <br> $1,000,000<br>|
| Asset Rebalancing (see <br> *Contract Owner* <br> *Services)*<br>| Automatic reallocation <br> of assets on a <br> predetermined <br> percentage basis<br>|  | &nbsp;&nbsp;&nbsp; ● Assets in the Fixed Account and GTOs are <br> excluded from the program<br>|

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| | | | |
|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Brief Description of Restrictions/Limitations** |
| Dollar Cost Averaging <br> (see *Contract Owner* <br> *Services)*<br>| Long-term transfer <br> program involving <br> automatic transfer of <br> assets<br>|  | &nbsp;&nbsp;&nbsp; ● Transfers are only permitted from the Fixed Account <br> and a limited number of Sub-Accounts<br> ● Transfers may not be directed to the Fixed Account <br> or GTOs<br> ● Transfers from the Fixed Account must be equal to <br> or less than 1/30th of the Fixed Account value at <br> the time the program is requested<br>|
| Enhanced Fixed <br> Account Dollar Cost <br> Averaging (see *Contract* <br> *Owner Services)*<br>| Long-term transfer <br> program involving <br> automatic transfer of <br> Fixed Account <br> allocations with higher <br> interest crediting rate<br>|  | &nbsp;&nbsp;&nbsp; ● Transfers are only permitted from the Fixed Account<br> ● Only new purchase payments to the contract are <br> eligible for the program<br> ● Transfers may not be directed to the Fixed Account <br> or GTOs<br>|
| Systematic Withdrawals <br> (see *Contract Owner* <br> *Services)*<br>| Automatic withdrawals <br> of Contract Value on a <br> periodic basis<br>|  | ● Withdrawals must be at least $100 each |

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**Optional Benefits Table** 

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Loans (see *Loan* <br> *Privilege*)<br>| Loan from Contract <br> Value<br>| $25 Loan <br> Processing <br> Fee and <br> 2.25% <br> compound <br> interest on <br> outstanding <br> loan balance<br>| $25 Loan <br> Processing <br> Fee and <br> 2.25% <br> compound <br> interest on <br> outstanding <br> loan balance<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of Tax <br> Sheltered Annuities<br> ● Subject to terms of the Tax <br> Sheltered Annuity plan<br> ● Minimum and maximum loan <br> amounts apply<br> ● Loans must be repaid within a <br> specified period<br> ● Loan payments must be made at <br> least quarterly<br>|
| Reduced Purchase <br> Payment Option<br>| Reduction to minimum <br> initial purchase payment <br> and subsequent <br> purchase payment <br> requirements<br>| 0.25% (Daily <br> Net Assets)<br>| 0.25% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Not available for Investment-Only <br> Contracts<br>|
| Five Year CDSC Option | Reduction of standard <br> CDSC schedule<br>| 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● Not available if the Extra Value <br> Option is elected<br>|
| Additional Withdrawal <br> Without Charge and <br> Disability Waiver<br>| CDSC waiver and <br> increased CDSC-free <br> withdrawal privilege<br>| 0.10% (Daily <br> Net Assets)<br>| 0.10% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective due to <br> disability, no additional purchase <br> payments are permitted<br>|
| 10 Year and Disability <br> Waiver<br>| CDSC waiver | 0.05% (Daily <br> Net Assets)<br>| 0.05% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of a Tax <br> Sheltered Annuity<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective due to <br> disability, no additional purchase <br> payments are permitted<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Hardship Waiver | CDSC waiver | 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of a Tax <br> Sheltered Annuity<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective, no <br> additional purchase payments are <br> permitted<br>|
| One-Year Enhanced <br> Death Benefit with <br> Long-Term Care/<br> Nursing Home Waiver <br> and Spousal Protection<br>| Enhanced death benefit | 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● May not be elected if another death <br> benefit option is elected<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Spousal Protection Feature<br> ● Not applicable to Charitable <br> Remainder Trusts<br> ● One or both spouses (or a revocable <br> trust of which either or both of the <br> spouses is/are grantor(s)) must be <br> named as the Contract Owner<br> ● For contracts issued as an IRA or <br> Roth IRA, only the person for whom <br> the IRA or Roth IRA was established <br> may be named as the Contract <br> Owner<br> ● Only available to Contract Owner's <br> spouse<br> ● Spouses must be Co-Annuitants<br> ● Both spouses must be 85 or younger <br> at contract issuance<br> ● Spouses must be named as <br> beneficiaries<br> ● No other person may be named as <br> Contract Owner, Annuitant, or <br> primary beneficiary<br> ● If the Contract Owner requests to <br> add a Co-Annuitant after contract <br> issuance, the date of marriage must <br> be after the contract issue date and <br> Nationwide will require the Contract <br> Owner to provide a copy of the <br> marriage certificate<br> ● Benefit is forfeited if certain changes <br> to the parties or assignments are <br> made<br>|
| One-Year Step Up <br> Death Benefit Option<br>| Enhanced death benefit | 0.05% (Daily <br> Net Assets)<br>| 0.05% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Greater of One-Year or <br> 5% Enhanced Death <br> Benefit with Long-Term <br> Care/Nursing Home <br> Waiver and Spousal <br> Protection Option<br>| Enhanced death benefit | 0.20% (Daily <br> Net Assets)<br>| 0.20% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● May not be elected if another death <br> benefit option is elected<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Spousal Protection Feature<br> ● Not applicable to Charitable <br> Remainder Trusts<br> ● One or both spouses (or a revocable <br> trust of which either or both of the <br> spouses is/are grantor(s)) must be <br> named as the Contract Owner<br> ● For contracts issued as an IRA or <br> Roth IRA, only the person for whom <br> the IRA or Roth IRA was established <br> may be named as the Contract <br> Owner<br> ● Only available to Contract Owner's <br> spouse<br> ● Spouses must be Co-Annuitants<br> ● Both spouses must be 85 or younger <br> at contract issuance<br> ● Spouses must be named as <br> beneficiaries<br> ● No other person may be named as <br> Contract Owner, Annuitant, or <br> primary beneficiary<br> ● If the Contract Owner requests to <br> add a Co-Annuitant after contract <br> issuance, the date of marriage must <br> be after the contract issue date and <br> Nationwide will require the Contract <br> Owner to provide a copy of the <br> marriage certificate<br> ● Benefit is forfeited if certain changes <br> to the parties or assignments are <br> made<br>|
| 5% Enhanced Death <br> Benefit Option<br>| Enhanced death benefit | 0.10% (Daily <br> Net Assets)<br>| 0.10% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br>|
| Guaranteed Minimum <br> Income Benefit Option 1<br>| Minimum guaranteed <br> value for annuitization<br>| 0.45% (Daily <br> Net Assets)<br>| 0.45% (Daily <br> Net Assets)<br>| ● No longer available for election<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Annuitization options are limited<br>|
| Guaranteed Minimum <br> Income Benefit Option 2<br>| Minimum guaranteed <br> value for annuitization<br>| 0.30% (Daily <br> Net Assets)<br>| 0.30% (Daily <br> Net Assets)<br>| ● No longer available for election<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Annuitization options are limited<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Extra Value Option | Additional money is <br> deposited to the <br> contract (bonus credits)<br>| 0.45% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| 0.45% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● Bonus credit only applies to deposits <br> made during the first Contract Year<br> ● Bonus credits are subject to <br> recapture under certain <br> circumstances<br> ● Fixed Account allocations may be <br> restricted under certain <br> circumstances<br>|
| Beneficiary Protector <br> Option<br>| Payment of an amount <br> that could be used to <br> pay taxes assessed on <br> death benefit proceeds<br>| 0.40% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| 0.40% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Election is irrevocable<br> ● Annuitant must be 70 or younger at <br> date of election<br>|
| Capital Preservation <br> Plus Option<br>| Principal protection | 0.50% (Daily <br> Net Assets <br> and GTO <br> guaranteed <br> rate of <br> return)<br>| 0.50% (Daily <br> Net Assets <br> and GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Investment restrictions apply<br> ● Not available if a loan is outstanding<br> ● No new loans are permitted<br> ● Additional purchase payments are <br> not permitted during the program <br> period<br> ● Enhanced Fixed Account Dollar Cost <br> Averaging is not available<br> ● Surrenders cannot be taken <br> exclusively from the GTO<br> ● Transfers to and from the GTO are <br> not permitted during the program <br> period<br> ● Restrictions on termination apply<br>|

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**Standard Death Benefit (Five-Year Reset Death Benefit)**

If the Annuitant dies before the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

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Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the Standard Death Benefit (Five-Year Reset Death Benefit) is <br> calculated, see *Appendix C: Standard Death Benefit (Five-Year Reset Death Benefit)* <br> *Example.*<br>|

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**Reduced Purchase Payment Option**

If the applicant elects the Reduced Purchase Payment Option, Nationwide will deduct an additional charge equal to an annualized rate of 0.25% of the Daily Net Assets. This option must be elected at the time of application. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization, unless the Contract Owner terminates the option as described below. In return, the minimum initial purchase payment for that contract will be $1,000 and minimum subsequent purchase payment will be $25. This option is not available for Investment-Only Contracts. Nationwide may realize a profit from the charge assessed for this option.

The Contract Owner may terminate this option if, throughout a period of at least two years and continuing until such termination election, the total of all purchase payments, less surrenders is maintained at $25,000 or more.

The election to terminate the option must be submitted in writing to the Service Center on a form provided by Nationwide. Termination will occur as of the date on the election form, and after the termination, the charge for this option will no longer be assessed. Subsequent purchase payments, if any, will be subject to the terms of the contract and must be at least $1,000.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elected the Reduced Purchase Payment Option at the time of application. While the <br> option remains in effect, Nationwide will accept a minimum initial purchase payment of <br> $1,000 or more and will accept minimum subsequent purchase payments of $25 or more. <br> Those amounts are lower than what would be required had the Reduced Purchase Payment <br> Option not been elected.<br>|

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**Five Year CDSC Option** 

Applicants can elect the Five-Year CDSC Option, which reduces the standard seven-year CDSC Schedule to a five-year CDSC schedule. The Five-Year CDSC Option must be elected at the time of application, and the option is irrevocable. In exchange, Nationwide assesses a charge at an annualized rate of 0.15% of the Daily Net Assets. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization.

The CDSC schedule applicable if the Five Year CDSC Option is elected is:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5+** |
| CDSC Percentage | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 0% |

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Under this option, CDSC will not exceed 7% of purchase payments surrendered.

Nationwide may realize a profit from the charge assessed for this option.

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In the State of New York, the Five Year CDSC Option is available only for contracts issued as Roth IRAs and is not available when the Extra Value Option is elected.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. B elected the Five Year CDSC Option at the time of application. Mr. B elects to take a <br> partial withdrawal in the fourth year of his contract. Instead of applying the standard CDSC <br> schedule, Nationwide will apply the Five Year CDSC schedule, which results in a CDSC <br> percentage of 2% (3 completed Contract Years).<br>|

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**Additional Withdrawal Without Charge and Disability Waiver** 

Each contract has a standard 10% CDSC-free withdrawal privilege each year. For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, the Contract Owner can, each year, withdraw an additional 5% of total purchase payments without incurring a CDSC. This would allow the Contract Owner to withdraw a total of 15% of the total of all purchase payments each year free of CDSC. Like the standard 10% CDSC-free privilege, this additional withdrawal benefit is non-cumulative.

This option also contains a disability waiver. Nationwide will waive CDSC if a Contract Owner (or Annuitant if the contract is owned by a non-natural owner) is disabled after the contract is issued but before reaching age 65. If this waiver becomes effective due to disability, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. J elected the Additional Withdrawal Without Charge and Disability Waiver at the time of <br> application and he now wants to take a withdrawal from his contract. If Mr. J's withdrawal is <br> subject to a CDSC and he hasn't yet used his CDSC-free withdrawal privilege for that year, <br> Mr. J would be entitled to a 15% CDSC-free withdrawal, as opposed to the 10% CDSC-free <br> withdrawal that is applicable on standard contracts.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option.

**10 Year and Disability Waiver** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can elect the 10 Year and Disability Waiver. Under this option, Nationwide will waive CDSC if two conditions are met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Owner has been the owner of the contract for at least 10 years; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Contract Owner has made regular payroll deferrals during the entire Contract Year for at least five of those 10 years.

This option also contains a disability waiver. Nationwide will waive CDSC if the Contract Owner is disabled after the contract is issued but before reaching age 65. If this waiver becomes effective due to disability, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. Q elected the 10 Year and Disability Waiver at the time of application and is in her 11<sup>th</sup> <br> year of owning the contract. During that time, she made regular monthly payroll deposits <br> into the contract. Nationwide will waive any applicable CDSC on withdrawals from Ms. Q's <br> contract.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option.

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**Hardship Waiver** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can purchase the Hardship Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner experiences a hardship (as defined for purposes of Internal Revenue Code Section 401(k)). The Contract Owner may be required to provide proof of hardship.

If this waiver becomes effective, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elected the Hardship Waiver at the time of application and she would like to take a <br> hardship withdrawal from her contract. Nationwide will waive any applicable CDSC on the <br> hardship withdrawal, provided any request proof of hardship is provided and accepted by <br> Nationwide.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option**.**

**One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option**

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the highest Contract Value on any Contract Anniversary prior to the Annuitant's 86<sup>th</sup> birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the One-Year Enhanced Death Benefit with Long-Term Care/<br> Nursing Home Waiver and Spousal Protection Option is calculated, see *Appendix D: One-*<br> *Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal* <br> *Protection Option Example.*<br>|

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The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met, and the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse.

**One-Year Step Up Death Benefit Option**

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant can elect the One-Year Step-Up Death Benefit Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and

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will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. The One-Year Step Up Death Benefit Option is only available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the highest Contract Value on any Contract Anniversary prior to the 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the One-Year Step-Up Death Benefit Option is calculated, see <br> *Appendix E: One-Year Step Up Death Benefit Option Example*.<br>|

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The One-Year Step-Up Death Benefit Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met.

The One-Year Step-Up Death Benefit Option and the 5% Enhanced Death Benefit Option may both be elected, in which case the death benefit will be the greater of the two benefits.

**Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option**

For an additional charge at an annualized rate of 0.20% of the Daily Net Assets, an applicant can elect the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% compound interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

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Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the Greater of One-Year or 5% Enhanced Death Benefit with Long-<br> Term Care/Nursing Home Waiver and Spousal Protection Option is calculated, see <br> *Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/*<br> *Nursing Home Waiver and Spousal Protection Option Example.*<br>|

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The Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met, and the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse.

**5% Enhanced Death Benefit Option**

For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, an applicant can elect the 5% Enhanced Death Benefit Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. The 5% Enhanced Death Benefit Option is only 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. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% simple interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the 5% Enhanced Death Benefit Option is calculated, see *Appendix* <br> *G: 5% Enhanced Death Benefit Option Example*<br>|

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The 5% Enhanced Death Benefit Option also includes the Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met.

The One-Year Step-Up Death Benefit Option and the 5% Enhanced Death Benefit Option may both be elected, in which case the death benefit will be the greater of the two benefits.

**Spousal Protection Feature** 

The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option and the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option include a Spousal Protection Feature. The Spousal Protection Feature is not available for contracts issued as Charitable Remainder Trusts. The Spousal Protection Feature allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse, provided the conditions described below are satisfied:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The spouses must be Co-Annuitants;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Both spouses must be age 85 or younger at the time the contract is issued;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Both spouses must be named as beneficiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) No person other than the spouse may be named as Contract Owner, Annuitant, or primary beneficiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) If both spouses are alive upon annuitization, the Contract Owner must specify which spouse is the Annuitant upon whose continuation of life any annuity payments involving life contingencies depend (for an IRA or Roth IRA contract, this person must be the Contract Owner); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) 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.

If a Co-Annuitant dies before the Annuitization Date, the surviving spouse may continue the contract as its sole Contract Owner. Additionally, if the death benefit value is higher than the Contract Value at the time of the first Co-Annuitant's death, Nationwide will adjust the Contract Value to equal the death benefit value. The surviving Co-Annuitant may then name a new beneficiary but may not name another Co-Annuitant.

If the marriage of the Co-Annuitants terminates due to the death of a spouse, divorce, dissolution, or annulment, the Spousal Protection Feature terminates and the Contract Owner is not permitted to cover a subsequent spouse.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; On June 1, which is before her Annuitization Date, Ms. P passes away. Her death benefit <br> contains the Spousal Protection Feature. The death benefit on Ms. P's contract equals <br> $24,000.<br>|
| &nbsp;&nbsp; Ms. P was married to Mr. P at the time of her death. Under the Spousal Protection Feature, <br> assuming all conditions were met, Mr. P has the option, instead of receiving the $24,000 <br> death benefit, to continue the contract as if it were his own. If he elects to do so, the <br> Contract Value, if it is lower than $24,000, will be adjusted to equal the $24,000 death <br> benefit. From that point forward, the contract will be his and all provisions of the contract <br> apply. Upon Mr. P's death, his beneficiary will then receive a death benefit equal to the <br> elected death benefit under the contract.<br>|

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The Spousal Protection Feature may not apply if certain changes to the parties or assignments are made to the contract. Contract Owners contemplating changes to the parties to the contract, including assignments, should contact their financial professional to determine how the changes impact the Spousal Protection Feature.

**Guaranteed Minimum Income Benefit Options**

For contracts issued prior to May 1, 2003, an applicant could have elected one or both of the Guaranteed Minimum Income Benefit Options at the time of application. Once elected, the Guaranteed Minimum Income Benefit Options are irrevocable. If elected, Nationwide will deduct an additional charge at an annualized rate of 0.45% if GMIB Option 1 is elected and 0.30% of the Daily Net Assets if GMIB Option 2 is elected. The charges associated with these options are calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charges assessed for these options.

A GMIB is a benefit that ensures the availability of a minimum amount when the Contract Owner wishes to annuitize the contract. This minimum amount, referred to as the Guaranteed Annuitization Value, may be used at specified times to provide a guaranteed level of determinable lifetime annuity payments. The GMIB may provide protection in the event of lower Contract Values that may result from the investment performance of the contract.

***How the Guaranteed Annuitization Value is Determined*** 

There are two options available at the time of application. The Guaranteed Annuitization Value is determined differently based on the option the Contract Owner elects.

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***Calculation Under GMIB Option 1*** 

The Guaranteed Annuitization Value is equal to (a) – (b), but will never be greater than 200% of all purchase payments, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of all purchase payments, plus interest accumulated at a compounded annual rate of 5% starting at the date of issue and ending on the Contract Anniversary occurring immediately prior to the Annuitant's 86<sup>th</sup> birthday; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the reduction to (a) due to withdrawals made from the contract. All such reductions will be proportionately the same as reductions to the Contract Value caused by withdrawals. For example, a surrender that reduces the Contract Value by 25% will also reduce the Guaranteed Annuitization Value by 25%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Assume the Guaranteed Annuitization Value = $100,000 and the Contract Value = $80,000 <br> at time of a $20,000 withdrawal. Therefore, the Contract Value would be reduced by 25% <br> ($20,000/$80,000), and the Guaranteed Annuitization Value would also be reduced by 25% <br> or $25,000 (25% x $100,000). As a result, the new Guaranteed Annuitization Value = <br> $75,000 ($100,000-$25,000).<br>|

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***Special Restrictions for GMIB Option 1*** 

After the first Contract Year, if the value of the Contract Owner's Fixed Account allocation becomes greater than 30% of the Contract Value in any Contract Year due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the application of additional purchase payments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) surrenders; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) transfers from the Sub-Accounts;

then 0% interest will accrue in that Contract Year for purposes of calculating the Guaranteed Annuitization Value.

If the Contract Owner's Fixed Account allocation becomes greater than 30% of the Contract Value solely as a result of fluctuations in the value of Sub-Account allocations, interest will continue to accrue for the purposes of the Guaranteed Annuitization Value at 5% annually, subject to the other terms and conditions outlined herein.

***Calculation Under GMIB Option 2*** 

The Guaranteed Annuitization Value will be equal to the highest Contract Value on any Contract Anniversary occurring prior to the Annuitant's 86<sup>th</sup> birthday, less an adjustment for amounts withdrawn, plus purchase payments received after that Contract Anniversary.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Assume the highest Contract Value on any Contract Anniversary prior to the Annuitant's <br> 86th birthday = $100,000 and the Contract Value = $80,000 at time of a $20,000 <br> withdrawal. Therefore, the Contract Value would be reduced by 25% ($20,000/$80,000), <br> and the Guaranteed Annuitization Value would also be reduced by 25% or $25,000 (25% x <br> $100,000). As a result, the new Guaranteed Annuitization Value = $75,000 <br> ($100,000-$25,000).<br>|

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***When the Guaranteed Annuitization Value May Be Used*** 

The Contract Owner may use the Guaranteed Annuitization Value by annuitizing the contract during the 30-day period following any Contract Anniversary, provided the contract has been in effect for seven years and the Annuitant has attained age 60.

***Annuity Payment Options That May Be Used With the Guaranteed Annuitization Value*** 

The Contract Owner may elect any life contingent fixed annuity payment option described in this provision, calculated using the guaranteed annuity purchase rates set forth in the contract. The permitted fixed annuity payment options include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Standard Joint and Survivor; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life with 10 or 20 Year Term Certain.

***Other GMIB Terms and Conditions*** 

While a GMIB does provide a Guaranteed Annuitization Value, a GMIB may not be appropriate for all investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A GMIB does NOT in any way guarantee the performance of any Sub-Account or any other investment option available under the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Once elected, the GMIB is irrevocable, meaning that even if the investment performance of the selected investment options surpasses the minimum guarantees associated with the GMIB, the GMIB charges will continue to be assessed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The GMIB in no way restricts or limits the rights of Contract Owners to annuitize the contract at other times permitted under the contract, nor will it in any way restrict the right to annuitize the contract using Contract Values that may be higher than the Guaranteed Annuitization Value.

Consult a qualified financial advisor in evaluating the GMIB options.

**Extra Value Option**

Applicants should be aware of the following prior to electing an Extra Value Option:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide may make a profit from the Extra Value Option charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Because the Extra Value Option charge will be assessed against the entire Contract Value for the first seven Contract Years, Contract Owners who anticipate making additional purchase payments after the first Contract Year (which will not receive the Extra Value Option credit(s) but will be assessed the Extra Value Option charge) should carefully examine the Extra Value Option and consult their financial professional regarding its desirability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide may take back or "recapture" all or part of the amount credited under the Extra Value Option in the event of early withdrawals, including revocation of the contract during the contractual free-look period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the market declines during the period that the Extra Value Option credit(s) is subject to recapture, the amount subject to recapture could decrease the amount of Contract Value available for withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The cost of the Extra Value Option and the recapture of the credits (in the event of a withdrawal) could exceed any benefit of receiving the Extra Value Option credits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Contract Owner elects or has elected an Extra Value Option. These restrictions may be imposed at Nationwide's discretion when economic conditions are such that Nationwide is unable to recoup the cost of providing the up-front Extra Value Option credits.

Applicants can elect the Extra Value Option, in which case Nationwide will apply a credit to the contract equal to 3% of each purchase payment made to the contract for the first 12 months the contract is in force. The Extra Value Option must be elected at the time of application, and the option is irrevocable. This credit, which is funded from Nationwide's General Account, will be allocated among the investment options in the same proportion that the purchase payment is allocated to the contract. For purposes of all benefits and taxes under these contracts, credits are considered earnings, not purchase payments.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. C elects the Extra Value Option and submits an initial purchase payment of $50,000. On <br> the date the initial purchase payment is applied (and in addition to that initial purchase <br> payment), Nationwide will apply another $1,500 (which is 3% of $50,000) to Mr. C's <br> contract.<br>|

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In exchange, Nationwide will assess an additional charge at an annualized rate of 0.45% of the Daily Net Assets. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation.

In addition, allocations made to the Fixed Account and the GTOs will be assessed a fee of 0.45%.

After the end of seven Contract Years, Nationwide will discontinue assessing the charges associated with the Extra Value Option and the amount credited under this option will be fully vested.

***Recapture of Extra Value Option Credits*** 

Nationwide will recapture amounts credited to the contract in connection with an Extra Value Option if:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Contract Owner cancels the contract pursuant to the free look provision;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Contract Owner takes a full withdrawal before the end of seven Contract Years; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Contract Owner takes a partial withdrawal that is subject to a CDSC.

Some state jurisdictions require a reduced recapture schedule. Refer to the contract for state specific information.

Contract Owners should carefully consider the consequences of taking a withdrawal that subjects part or all of the credit to recapture. If Contract Value decreases due to poor market performance, the recapture provisions could decrease the amount of Contract Value available for withdrawal. In other words, the dollar amount of the credit Nationwide recaptures will remain the same, but this amount may be a higher percentage of the Contract Value.

Nationwide will not recapture credits under the Extra Value Option under the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the withdrawal is not subject to a CDSC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the distribution is taken as a result of a death, annuitization, or to meet minimum distribution requirements for this contract under the Internal Revenue Code; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the withdrawal occurs after seven Contract Years.

***Recapture Resulting from Exercising Free-Look Privilege*** 

If the Contract Owner cancels the contract pursuant to the contractual free-look provision, Nationwide will recapture the entire amount credited to the contract under this option. In those states that require the return of purchase payments for IRAs that are surrendered pursuant to the contractual free-look, Nationwide will recapture the entire amount credited to the contract under this option, but under no circumstances will the amount returned be less than the purchase payments made to the contract. In those states that allow a return of Contract Value, the Contract Owner will retain any earnings attributable to the amount credited, but all losses attributable to the amount credited will be incurred by Nationwide.

***Recapture Resulting from a Full Withdrawal*** 

If the Contract Owner takes a full withdrawal of the contract before the end of seven Contract Years, Nationwide will recapture the entire amount credited to the contract under the option.

***Recapture Resulting from a Partial Withdrawal*** 

If the Contract Owner takes a partial withdrawal before the end of seven Contract Years that is subject to CDSC, Nationwide will recapture a proportional part of the amount credited to the contract under this option.

**Beneficiary Protector Option**

For an additional charge at an annualized rate of 0.40% of the Daily Net Assets, the Beneficiary Protector Option may be elected. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation. This option may be elected at the time of application or after the contract has been issued, and the option is irrevocable. Allocations made to the Fixed Account or to the Guaranteed Term Options will be assessed a charge of 0.40%. The Beneficiary Protector Option is only available for contracts with Annuitants who are age 70 or younger at the time of election. Nationwide may realize a profit from the charge assessed for this option.

The Beneficiary Protector Option provides that upon the death of the Annuitant, in addition to any death benefit payable, Nationwide will credit an additional amount to the contract (the "benefit"). If the Beneficiary Protector Option is elected with a contract that has spouses designated as Annuitant and Co-Annuitant, the term Annuitant shall mean the person designated as the Annuitant on the application; the person designated as the Co-Annuitant does not have any rights under this benefit unless the Co-Annuitant is also the beneficiary.

The benefit is credited to the contract upon the death of the Annuitant. After the benefit is credited to the contract, the beneficiary(ies) may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) take distribution of the contract in the form of the death benefit or required distributions as applicable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the beneficiary is the deceased Annuitant's surviving spouse, continue the contract as the new beneficial Contract Owner, subject to any mandatory distribution rules.

Once the credit is applied to the contract, charges associated with the Beneficiary Protector Option will no longer be assessed.

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***How Credits are Calculated*** 

If the Beneficiary Protector Option was elected at the time of application and the Annuitant dies prior to the first Contract Anniversary after the Annuitant's 85<sup>th</sup> birthday, the amount credited to the contract will be equal to:

40% x Adjusted Earnings

Adjusted Earnings = (a) – (b) – (c); where:

a = the Contract Value on the date the death benefit is calculated (prior to any death benefit calculation); <br> b = purchase payments, proportionately adjusted for withdrawals; and <br> c = any adjustment for a death benefit previously credited, proportionately adjusted for withdrawals.

The adjustment for amounts withdrawn will reduce purchase payments and any death benefit previously credited to the contract in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

If the Beneficiary Protector Option was elected after the contract issue date and the Annuitant dies prior to the first Contract Anniversary after the Annuitant's 85<sup>th</sup> birthday, the amount credited to the contract will be equal to:

40% x Adjusted Earnings from the Date the Option is Elected

Adjusted Earnings from the Date the Option is Elected = (a) – (b) – (c) – (d), where:

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| | | |
|:---|:---|:---|
| 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 <br> adjusted for withdrawals.<br>|

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The adjustment for amounts withdrawn will reduce purchase payments and any death benefit previously credited to the contract in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; The Annuitant elected the Beneficiary Protector Option at the time of application. On the <br> date of the Annuitant's death, the Contract Value = $75,000, the total purchase payments <br> (adjusted for withdrawals) = $68,000, and there is no adjustment for a death benefit <br> previously credited. The amount of the benefit would be calculated as follows: 40% x <br> ($75,000-$68,000-$0), which equals $2,800.<br>|

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If no benefits have been paid under this option by the first contract anniversary following the Annuitant's 85<sup>th</sup> birthday, then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Nationwide will credit an amount equal to 4% of the Contract Value on the Contract Anniversary to the contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Beneficiary Protector Option will terminate and will no longer be in effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the charge associated with the Beneficiary Protector Option will no longer be assessed.

***How Amounts Are Credited*** 

Any amounts credited to the contract pursuant to this option will be allocated among the investment options in the same proportion as each purchase payment is allocated to the contract on the date the credit is applied.

**Capital Preservation Plus Option**

The Capital Preservation Plus "CPP" Option provides a "return of principal" guarantee over an elected period of time (3, 5, 7, or 10 years – the "program period"). Effective May 1, 2011, the only program period available is the 10-year program period; program periods of other durations that were elected prior to May 1, 2011 will continue unchanged to the end of the current program period. Contract Value at the end of the program period will be no less than Contract Value at the beginning of the period, regardless of market performance. Note, however, that surrenders or contract charges that are deducted from the contract will reduce the value of the guarantee proportionally.

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For program periods that began prior to May 1, 2025, the guarantee is conditioned upon the allocation of Contract Value between two investment components:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) A Guaranteed Term Option corresponding to the length of the elected program period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Non-Guaranteed Term Option allocations, which consist of the Fixed Account and a limited list of investment options.

For program periods that begin on or after May 1, 2025, the requirement to allocate a portion of the Contract Value to the Guaranteed Term Option is removed and the guarantee is conditioned upon allocation of the Contract Value to Non-Guaranteed Term allocations, which consist of a limited list of investment options.

In some state jurisdictions, Nationwide uses Target Term Options instead of Guaranteed Term Options in connection with the Capital Preservation Plus Option. For all material purposes, Guaranteed Term Options and Target Term Options are the same. All references to Guaranteed Term Options in relation to the Capital Preservation Plus Option will also mean Target Term Options (in applicable jurisdictions). Refer to the prospectus for the Guaranteed Term Options for more information.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. D elected the Capital Preservation Plus Option and elected a 10-year program period. <br> Nationwide informed her of her investment options and she provided her allocation <br> instructions. At the beginning of the program period, her Contract Value was $50,000. At <br> the end of the program period, Ms. D's Contract Value was $56,000, so no adjustment was <br> made to her contract. Had her Contract Value been less than $50,000 at the end of the <br> program period, Nationwide would have adjusted the Contract Value to equal $50,000.<br>|

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***Charges*** 

The charge associated with the Capital Preservation Plus Option is equal to an annualized rate not to exceed 0.50% of the Daily Net Assets. Allocations to the Guaranteed Term Options will also be assessed a charge not to exceed 0.50%. Nationwide may realize a profit from the charge assessed for this option.

All charges associated with the Capital Preservation Plus Option will remain the same for the duration of the program period. When the program period ends or an elected Capital Preservation Plus Option is terminated, the charges associated with the option will no longer be assessed.

***The Advantage of Capital Preservation Plus*** 

Without electing the option, Contract Owners may be able to approximate (without replicating) the benefits of the Capital Preservation Plus Option. To do this, Contract Owners would have to determine how much of their Contract Value would need to be allocated to a Guaranteed Term Option so that the amount at maturity (principal plus interest attributable to the Guaranteed Term Option allocation) would approximate the original total investment. The balance of the Contract Value would be available to be allocated among the Fixed Account and a limited list of investment options. This represents an investment allocation strategy aimed at capital preservation.

Election of the Capital Preservation Plus Option, however, generally permits a higher percentage of the Contract Value to be allocated outside of the Guaranteed Term Options. This provides Contract Owners with a greater opportunity to benefit from market appreciation that is reflected in the Sub-Accounts' performance, while preserving the return of principal guarantee.

***Availability*** 

The Capital Preservation Plus Option is only available for election at the time of application.

***Conditions Associated with the Capital Preservation Plus Option*** 

A Contract Owner with an outstanding loan may not elect the Capital Preservation Plus Option.

During the program period, the following conditions apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If withdrawals are taken or contract charges are deducted from the Contract Value, the value of the guarantee will be reduced proportionally.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Only one Capital Preservation Plus Option program may be in effect at any given time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No new purchase payments may be applied to the contract.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Transfers between and among permitted investment options may not be submitted via Internet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Rate Dollar Cost Averaging is not available as a Contract Owner service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide will not permit loans to be taken from the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No optional benefit that assesses a charge to the Guaranteed Term Options may be added to the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If Annuitant dies and the Annuitant's spouse elects to continue the contract, the option will remain in effect and will continue until the end of the original program period.

If the contract is annuitized, surrendered, or liquidated for any reason prior to the end of the program period, all guarantees are terminated. A market value adjustment may apply to amounts transferred from a Guaranteed Term Option due to annuitization. A market value adjustment may apply to amounts withdrawn or transferred from a GTO and the withdrawal will be subject to the CDSC provisions of the contract.

After the end of the program period or after termination of the option the above conditions will no longer apply.

***Investments During the Program Period*** 

When the option is elected and after Nationwide receives all required information, Nationwide will declare the amount of the Contract Value that is available for allocation to the Non-Guaranteed Term Option component. The remainder of the Contract Value must be allocated to a Guaranteed Term Option, the length of which corresponds to the length of the program period elected by the Contract Owner. For program periods that begin on or after May 1, 2025, the requirement to allocate a portion of the Contract Value to the Guaranteed Term Option is removed; all Contract Value must be allocated to the Non-Guaranteed Option component.

Only certain investment options are available when a Contract Owner elects the Capital Preservation Plus Option. Nationwide selected the available investment options on the basis of certain risk factors associated with the underlying mutual fund's investment objective. The investment options that are unavailable were excluded on the basis of similar risk considerations.

Election of the Capital Preservation Plus Option will not be effective unless and until Nationwide receives allocation instructions based on the limited set of investment options. Allocations to investment options other than those listed are not permitted during the program period.

Nationwide reserves the right to modify the list of available investment options upon written notice to Contract Owners. If an investment option is deleted from the list of available investment options, such deletion will not affect Capital Preservation Plus Option programs already in effect.

***Withdrawals During the Program Period*** 

If the Contract Owner takes a withdrawal, Nationwide will surrender Accumulation Units from the Sub-Accounts and an amount from the Fixed Account and the GTO in proportion to the value in each option at the time of the withdrawal request, unless Nationwide is instructed otherwise. Withdrawals may not be taken exclusively from the Guaranteed Term Option. The partial withdrawal will cause a proportional negative adjustment to the guarantee. A market value adjustment may apply to amounts withdrawn from the GTO and the withdrawal will be subject to the CDSC provisions of the contract.

***Transfers During the Program Period*** 

Transfers to and from the Guaranteed Term Option are not permitted during the program period.

Transfers between and among the permitted investment options are subject to the terms and conditions in the *Transfers Prior to Annuitization* provision. During the program period, transfers to investment options that are not included in the Capital Preservation Plus Option program are not permitted.

***Terminating the Capital Preservation Plus Option*** 

Once elected, the Capital Preservation Plus Option cannot be revoked, except as provided below.

If the Contract Owner elected a program period matching a 7-year Guaranteed Term Option, upon reaching the fifth Contract Anniversary, the Contract Owner may terminate the Capital Preservation Plus Option. Any termination instructions must be received at the Service Center within 60 days after the fifth Contract Anniversary.

If the Contract Owner elected a program period matching a 10-year Guaranteed Term Option, upon reaching the seventh Contract Anniversary, the Contract Owner may terminate the Capital Preservation Plus Option. Any termination instructions must be received at the Service Center within 60 days after the seventh Contract Anniversary.

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If the Contract Owner terminates the Capital Preservation Plus Option as described above, the charges associated with the option will no longer be assessed, all guarantees associated with the option will terminate, the contract's investment allocations will remain the same as when the program was in effect (unless Nationwide is instructed otherwise), and all conditions associated with the Capital Preservation Plus Option are removed.

***Fulfilling the Return of Principal Guarantee*** 

At the end of the program period, if the Contract Value is less than the guaranteed amount, Nationwide will credit an amount to the contract so that the Contract Value equals the guaranteed amount. Amounts credited under this option are considered, for purposes of other benefits under this contract, earnings, not purchase payments. If the Contract Owner does not elect to begin a new Capital Preservation Plus Option program, the amount previously allocated to the Guaranteed Term Option and any amounts credited under the guarantee will be allocated to the money market Sub-Account.

***Election of a New Capital Preservation Plus Option*** 

At the end of any program period or after terminating a Capital Preservation Plus Option, the Contract Owner may elect to participate in a new Capital Preservation Plus Option program at the charges, rates and allocation percentages in effect at that point in time. Nationwide will communicate the ensuing program period end to the Contract Owner approximately 75 days before the end of the period and this notice will include a list of the limited investment options available. If the Contract Owner elects to participate in a new program, such election and complete instructions must be received by Nationwide within 60 days before the end of the preceding program period or within 60 days before the program termination, whichever is applicable.

**Ownership and Interests in the Contract**

**Contract Owner** 

Prior to the Annuitization Date, the Contract Owner has all rights under the contract, unless a joint owner is named. If a joint owner is named, each joint owner has all rights under the contract*.* **Purchasers who name someone other than themselves as the Contract Owner will have no rights under the contract.** 

On the Annuitization Date, the Contract Owner cedes all ownership rights to the Annuitant and the Annuitant becomes the Contract Owner, unless the Contract Owner is a Charitable Remainder Trust. If the Contract Owner is a Charitable Remainder Trust, the Charitable Remainder Trust continues to be the Contract Owner after annuitization.

**Joint Owner** 

Prior to the Annuitization Date, joint owners each own an undivided interest in the contract.

Non-Qualified Contract Owners can name a joint owner at any time before annuitization. However, joint owners must be spouses at the time joint ownership is requested, unless state law requires Nationwide to allow non-spousal joint owners. Joint ownership is not permitted on contracts owned by a non-natural Contract Owner.

Generally, the exercise of any ownership rights under the contract must be in writing and signed by both joint owners. However, if a written election, signed by both Contract Owners, authorizing Nationwide to allow the exercise of ownership rights independently by either joint owner is submitted, Nationwide will permit joint owners to act independently. If such an authorization is submitted, Nationwide will not be liable for any loss, liability, cost, or expense for acting in accordance with the instructions of either joint owner.

If either joint owner dies before the Annuitization Date, the contract continues with the surviving joint owner as the remaining Contract Owner.

On the Annuitization Date, both joint owners cede all ownership rights to the Annuitant and the Annuitant becomes the Contract Owner.

**Contingent Owner** 

Prior to the Annuitization Date, the contingent owner succeeds to the rights of a Contract Owner if a Contract Owner who is not the Annuitant dies before the Annuitization Date and there is no surviving joint owner.

If a Contract Owner who is the Annuitant dies before the Annuitization Date, the contingent owner will not have any rights under the contract, unless such contingent owner is also the beneficiary.

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The Contract Owner may name a contingent owner at any time before the Annuitization Date.

After the Annuitization Date, the contingent owner will not have any interest in the contract.

**Annuitant** 

Prior to the Annuitization Date, the Annuitant has no interest in the contract, but must be named in the application. Only Non-Qualified Contract Owners may name someone other than himself/herself as the Annuitant. This Annuitant must be age 85 or younger at the time of the contract issuance, unless Nationwide approves a request for an Annuitant of greater age.

On the Annuitization Date, the Annuitant becomes the new owner and has all ownership rights in the contract. The Annuitant is the person who receives annuity payments and the person upon whose continuation of life any annuity payment involving life contingencies depends.

**Co-Annuitant** 

Prior to the Annuitization Date, a Co-Annuitant is entitled to receive the benefit of the Spousal Protection Feature, provided all of the requirements set forth in the Spousal Protection Feature section are met. A Co-Annuitant, if named, must be named at the time of application and must be the Annuitant's spouse.

If either Co-Annuitant dies before the Annuitization Date, the surviving Co-Annuitant may continue the contract and will receive the benefit of the Spousal Protection Feature.

After the Annuitization Date, the Co-Annuitant has no interest in the contract.

**Contingent Annuitant** 

Prior to the Annuitization Date, if the Annuitant dies before the Annuitization Date, the Contingent Annuitant becomes the Annuitant and all provisions of the contract that are based on the Annuitants death prior to the Annuitization Date will be based on the death of the Contingent Annuitant. Only Non-Qualified Contract Owners may name a Contingent Annuitant. The Contingent Annuitant need not be named at the time of application. Regardless of when the Contingent Annuitant is added he/she must be (or must have been) age 85 or younger at the time of contract issuance, unless Nationwide approves a request for a Contingent Annuitant of greater age.

**Joint Annuitant** 

Prior to the Annuitization Date, there is no joint annuitant.

On the Annuitization Date, if applicable, a joint annuitant is named. The joint annuitant is designated as a second person (in addition to the Annuitant) upon whose continuation of life any annuity payment involving life contingencies depends.

**Beneficiary and Contingent Beneficiary** 

Prior to the Annuitization Date, the beneficiary is the person who is entitled to the death benefit if the Annuitant (and Contingent Annuitant, if applicable) dies before the Annuitization Date. The Contract Owner can name more than one beneficiary. Multiple beneficiaries will share the death benefit equally, unless otherwise specified.

A contingent beneficiary will succeed to the rights of the beneficiary if no beneficiary is alive when a death benefit is paid. The Contract Owner can name more than one contingent beneficiary. Multiple contingent beneficiaries will share the death benefit equally, unless otherwise specified.

After the Annuitization Date, the beneficiaries and contingent beneficiaries have no interest in the contract.

**Changes to the Parties to the Contract** 

Prior to the Annuitization Date (and subject to any existing assignments), the Contract Owner may request to change the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Owner (Non-Qualified Contracts only);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• joint owner (must be Contract Owner's spouse);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• contingent owner;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annuitant (subject to Nationwide's underwriting and approval);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contingent Annuitant (subject to Nationwide's underwriting and approval);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Co-Annuitant (must be the Annuitant's spouse);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• beneficiary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• contingent beneficiary.

The Contract Owner must submit the request to Nationwide in writing and Nationwide must receive the request at the Service Center before the Annuitization Date. Once Nationwide receives and records the change request, the change will be effective as of the date the written request was signed (unless otherwise specified by the Contract Owner), whether or not the Contract Owner or Annuitant is living at the time it was recorded. The change will not affect any action taken by Nationwide before the change was recorded. Nationwide reserves the right to reject any change request that would alter the nature of the risk that Nationwide assumed when it originally issued the contract.

If the Contract Owner is not a natural person and there is a change of the Annuitant, distributions will be made as if the Contract Owner died at the time of the change, regardless of whether the Contract Owner named a Contingent Annuitant.

Any request to change the Contract Owner must be signed by the existing Contract Owner and the person designated as the new Contract Owner. Nationwide may require a signature guarantee. Changes in contract ownership may result in federal income taxation and may be subject to state and federal gift taxes. Changes in ownership and contract assignments could have a negative impact on certain benefits under the contract, including the death benefit.

Certain options and features under the contract have specific requirements as to who can be named as the Contract Owner, Annuitant, Co-Annuitant, and/or beneficiary in order to receive the benefit of the option or feature. Changes to the parties to the contract may result in the termination or loss of benefit of these options or features. Contract Owners contemplating changes to the parties to the contract should contact their financial professional to determine how the changes impact the options and features under the contract.

**Community Property States** 

In community property states, the Contract Owner's spouse may have a community property interest in the proceeds of an annuity contract even if the spouse is not a named party on the contract. Changes of beneficiary and/or ownership, assignment, and certain financial transactions may impede the spouse's community property interest. The spouse may need to consent to these types of transactions. The Contract Owner should seek legal advice regarding the applicability of community property laws to the contract and whether spousal consent is necessary. Nationwide is not responsible for determining the applicability of community property laws to the contract.

**Assignment** 

Contracts other than Non-Qualified Contracts may not be assigned, pledged or otherwise transferred except where allowed by law.

A Non-Qualified Contract Owner may assign some or all rights under the contract while the Annuitant is alive, subject to Nationwide's consent. Nationwide is not responsible for the validity or tax consequences of any assignment and Nationwide is not liable for any payment or settlement made before the assignment is recorded. Assignments will not be recorded until Nationwide receives sufficient direction from the Contract Owner and the assignee regarding the proper allocation of contract rights.

Amounts pledged or assigned will be treated as distributions and will be included in gross income to the extent that the cash value exceeds the investment in the contract for the taxable year in which it was pledged or assigned. Amounts assigned may be subject to a tax penalty equal to 10% of the amount included in gross income.

Assignment of the entire Contract Value may cause the portion of the Contract Value exceeding the total investment in the contract and previously taxed amounts to be included in gross income for federal income tax purposes each year that the assignment is in effect.

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**Beneficially Owned Contracts** 

A beneficially owned contract is a contract that is inherited by a beneficiary and the beneficiary holds the contract as a beneficiary (as opposed to treating the contract as his/her own) to facilitate the distribution of a death benefit or contract value in accordance with the applicable federal tax laws (see *Appendix B: Contract Types and Tax Information*). An owner of a beneficially owned contract is referred to as a "beneficial owner."

Not all options and features described in this prospectus are available to beneficially owned contracts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No changes to the parties will be permitted on any beneficially owned contract, except that a beneficial owner may request changes to their successor beneficiary(ies).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• There is no death benefit payable on a continued beneficially owned contract. After the death of the beneficial owner, any remaining death benefit or contract value to be distributed will be payable to a successor beneficiary in accordance with applicable federal tax laws.

A beneficiary who is the surviving spouse of a contract owner has the option under the tax laws to continue the contract as the sole contract owner and treat the contract as the spouse's own. If a spouse continues the contract as the sole contract owner, the spouse will not be treated as a beneficial owner and this section will not apply.

**Operation of the Contract**

**Pricing** 

Generally, Nationwide prices Accumulation Units on each day that the New York Stock Exchange is open. (Pricing is the calculation of a new Accumulation Unit value that reflects that day's investment experience.)

Accumulation Units are not priced when the New York Stock Exchange is closed or on the following nationally recognized holidays (or on the dates that such holidays are observed by the New York Stock Exchange):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New Year's Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Martin Luther King, Jr. Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Presidents' Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Good Friday

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Memorial Day

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Juneteenth National Independence Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Independence Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Labor Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Thanksgiving

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Christmas

Nationwide also will not price purchase payments, withdrawals, or transfers if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) trading on the New York Stock Exchange is restricted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) an emergency exists making disposal or valuation of securities held in the Variable Account impracticable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the SEC, by order, permits a suspension or postponement for the protection of security holders.

Rules and regulations of the SEC will govern as to when the conditions described in (1) and (2) exist. If Nationwide is closed on days when the New York Stock Exchange is open, Contract Value may change and Contract Owners will not have access to their accounts.

**Application and Allocation of Purchase Payments** 

***Initial Purchase Payments*** 

Initial purchase payments will be priced at the Accumulation Unit value next determined no later than two business days after receipt of an order to purchase if the application and all necessary information are complete and are received at the Service Center before the close of regular trading on the New York Stock Exchange, which generally occurs at 4:00 p.m. EST. If the order is received after the close of regular trading on the New York Stock Exchange, the initial purchase payment will be priced within two business days after the next Valuation Date.

If an incomplete application is not completed within five business days after receipt at the Service Center, the prospective purchaser will be informed of the reason for the delay. The purchase payment will be returned unless the prospective purchaser specifically consents to allow Nationwide to hold the purchase payment until the application is completed.

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Generally, initial purchase payments are allocated according to Contract Owner instructions on the application. However, in some states, Nationwide will allocate initial purchase payments to the money market Sub-Account during the free look period. After the free look period, Nationwide will reallocate the Contract Value among the investment options based on the instructions contained on the application. In other states, Nationwide will immediately allocate initial purchase payments to the investment options based on the instructions contained on the application. Contact the Service Center or refer to your contract for state specific information on the allocation of initial purchase payments.

***Subsequent Purchase Payments*** 

Any subsequent purchase payment received at the Service Center (along with all necessary information) before the close of regular trading on the New York Stock Exchange on any Valuation Date will be priced at the Accumulation Unit value next determined after receipt of the purchase payment. If a subsequent purchase payment is received at the Service Center (along with all necessary information) after the close of regular trading on the New York Stock Exchange, it will be priced at the Accumulation Unit value determined on the following Valuation Date.

***Allocation of Purchase Payments*** 

Nationwide allocates purchase payments to the Sub-Accounts and/or Fixed Account as instructed by the Contract Owner. Effective May 1, 2025, the GTOs are not available to receive new allocations, transfers, or renewals. Shares of the underlying mutual funds in which the Sub-Accounts invest are purchased at Net Asset Value, then the Contract Owner receives Accumulation Units in the Sub-Account(s) to which the Contract Owner allocated purchase payments.

Contract Owners can change allocations or make exchanges among the Sub-Accounts after the time of application by submitting a written request to the Service Center. However, no change may be made that would result in an amount less than 1% of the purchase payments being allocated to any Sub-Account. In the event that Nationwide receives such a request, Nationwide will inform the Contract Owner that the allocation instructions are invalid and that the contract's allocations among the Sub-Accounts prior to the request will remain in effect. Certain transactions may be subject to conditions imposed by the underlying mutual funds.

**Determining the Contract Value**

The Contract Value is the sum of the value of amounts (including any Extra Value Option credits applied to the contract) allocated to the Sub-Accounts plus any amount held in the Fixed Account, the GTOs, and the collateral fixed account. If charges are assessed against the whole Contract Value, Nationwide will deduct a proportionate amount from each Sub-Account, the Fixed Account, and the GTOs based on current cash values.

***Determining Variable Account Value - Valuing an Accumulation Unit*** 

Sub-Account allocations are accounted for in Accumulation Units. Accumulation Unit values (for each Sub-Account) are determined by calculating the Net Investment Factor for the Sub-Accounts for the current Valuation Period and multiplying that result with the Accumulation Unit values determined on the previous Valuation Period. For each Sub-Account, the Net Investment Factor is the investment performance of the underlying mutual fund in which a particular Sub-Account invests, including the charges assessed against that Sub-Account for a Valuation Period.

Nationwide uses the Net Investment Factor as a way to calculate the investment performance of a Sub-Account from Valuation Period to Valuation Period.

The Net Investment Factor for any particular Sub-Account before the Annuitization Date is determined by dividing (a) by (b), and then subtracting (c) from the result, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Net Asset Value of the underlying mutual fund as of the end of the current Valuation Period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the per share amount of any dividend or income distributions made by the underlying mutual fund (if the date of the dividend or income distribution occurs during the current Valuation Period).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the Net Asset Value of the underlying mutual fund determined as of the end of the preceding Valuation Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) is a factor representing the daily total Variable Account charges, which may include charges for optional benefits elected by the Contract Owner. The factor is equal to an annualized rate ranging from 0.95% to 3.95% of the Daily Net Assets, depending on which optional benefits the Contract Owner elects.

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Based on the change in the Net Investment Factor, the value of an Accumulation Unit may increase or decrease. Changes in the Net Investment Factor may not be directly proportional to changes in the Net Asset Value of the underlying mutual fund shares because of the deduction of Variable Account charges.

Though the number of Accumulation Units will not change as a result of investment experience, the value of an Accumulation Unit may increase or decrease from Valuation Period to Valuation Period.

***Determining Fixed Account Value*** 

Nationwide determines the value of the Fixed Account by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) adding all amounts allocated to the Fixed Account (including any Extra Value Option credits applied to the contract), minus amounts previously transferred or withdrawn from the Fixed Account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) adding any interest earned on the amounts allocated to the Fixed Account; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) subtracting charges deducted in accordance with the contract.

***Determining Guaranteed Term Option Value*** 

Nationwide determines the value of a Guaranteed Term Option by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) adding all amounts allocated to any Guaranteed Term Option (including any Extra Value Option credits applied to the contract), minus amounts previously transferred or withdrawn from a Guaranteed Term Option (which may be subject to a market value adjustment);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) adding any interest earned on the amounts allocated to a Guaranteed Term Option; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) subtracting charges deducted in accordance with the contract.

**Transfer Requests** 

Contract Owners may submit transfer requests in writing, over the telephone, or via the Internet to the Service Center. Some benefits or features under the contract may limit the manner in which transfer requests can be submitted, as indicated in the respective provision. Nationwide may restrict or withdraw the telephone and/or Internet transfer privilege at any time.

Generally, Sub-Account transfers will receive the Accumulation Unit value next computed after the transfer request is received at the Service Center. However, if a contract that is limited to submitting transfer requests via U.S. mail submits a transfer request via the Internet or telephone pursuant to Nationwide's one-day delay policy, the transfer will be executed on the next Valuation Date after the exchange request is received at the Service Center (see *Transfer Restrictions*).

**Transfers Prior to Annuitization**

***Transfers from the Fixed Account*** 

A Contract Owner may request to transfer allocations from the Fixed Account to the Sub-Accounts or a GTO only upon reaching the end of a Fixed Account interest rate guarantee period. Fixed Account transfers must be made within 45 days after the end of the interest rate guarantee period.

Normally, Nationwide will permit 100% of the maturing Fixed Account allocations to be transferred. However, Nationwide may limit the amount that can be transferred from the Fixed Account. Nationwide will determine the amount that may be transferred and will declare this amount at the end of the Fixed Account interest rate guarantee period. The maximum transferable amount will never be less than 10% of the Fixed Account allocation reaching the end of a Fixed Account interest rate guarantee period. Any limit on the amount that can be transferred from the Fixed Account will be communicated to impacted Contract Owners at the end of the Fixed Account interest rate guarantee period. Any such limitations will substantially extend the amount of time it takes to transfer the entire Fixed Account allocation to another investment option.

Contract Owners who use Dollar Cost Averaging may transfer from the Fixed Account under the terms of that program.

Effective May 1, 2025, no transfers from the Fixed Account to the Guaranteed Term Options are permitted.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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***Transfers to the Fixed Account*** 

Normally, Nationwide will not restrict transfers to the Fixed Account; however, Nationwide may establish a maximum transfer limit for transfers to the Fixed Account. Except as noted below, the transfer limit will not be less than 10% of the current value of Sub-Account allocations, less any transfers made in the 12 months preceding the date the transfer is requested, but not including transfers made prior to the imposition of the transfer limit.

Nationwide reserves the right to limit or refuse transfers to the Fixed Account. Generally, Nationwide will invoke this right when interest rates are low by historical standards.

***Transfers from a Guaranteed Term Option*** 

Transfers from a Guaranteed Term Option prior to maturity are subject to a market value adjustment.

***Transfers from the Sub-Accounts*** 

Except as otherwise indicated in *Transfers to the Fixed Account*, a Contract Owner may request to transfer allocations from the Sub-Accounts to the Fixed Account at any time. Effective May 1, 2025, no transfers from the Sub-Accounts to the Guaranteed Term Options are permitted.

***Transfers Among the Sub-Accounts*** 

A Contract Owner may request to transfer allocations among the Sub-Accounts at any time, subject to terms and conditions imposed by this prospectus and the underlying mutual funds.

**Transfers After Annuitization** 

After annuitization, the portion of the Contract Value allocated to fixed annuity payments and the portion of the Contract Value allocated to variable annuity payments may not be changed.

After annuitization, if variable annuity payments are elected, transfers among Sub-Accounts may only be made once per calendar year*.* See *Annuitizing the Contract.*

**Transfer Restrictions**

Neither the contracts described in this prospectus nor the underlying mutual funds are designed to support active trading strategies that require frequent movement between or among Sub-Accounts (sometimes referred to as "market-timing" or "short-term trading"). A Contract Owner who intends to use an active trading strategy should consult his/her financial professional and request information on other Nationwide variable annuity contracts that offer investment in underlying mutual funds that are designed specifically to support active trading strategies.

Nationwide discourages (and will take action to deter) short-term trading in this contract because the frequent movement between or among Sub-Accounts may negatively impact other investors in the contract. Short-term trading can result in:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the dilution of the value of the investors' interests in the underlying mutual fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• underlying mutual fund managers taking actions that negatively impact performance (keeping a larger portion of the underlying mutual fund assets in cash or liquidating investments prematurely in order to support redemption requests); and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• increased administrative costs due to frequent purchases and redemptions.

To protect investors in this contract from the negative impact of these practices, Nationwide has implemented, or reserves the right to implement, several processes and/or restrictions aimed at eliminating the negative impact of active trading strategies. Nationwide makes no assurances that all risks associated with short-term trading will be completely eliminated by these processes and/or restrictions.

Nationwide cannot guarantee that its attempts to deter active trading strategies will be successful. If Nationwide is unable to deter active trading strategies, the performance of the Sub-Accounts that are actively traded may be adversely impacted.

***U.S. Mail Restrictions*** 

Nationwide monitors transfer activity in order to identify those who may be engaged in harmful trading practices. Transaction reports are produced and examined. Generally, a contract may appear on these reports if the Contract Owner (or a third party acting on their behalf) engages in a certain number of "transfer events" in a given period. A "transfer event" is any transfer, or combination of transfers, occurring on a given trading day (Valuation Period). For example, if a

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Contract Owner executes multiple transfers involving 10 investment options in one day, this counts as one transfer event. A single transfer occurring on a given trading day and involving only two investment options will also count as one transfer event.

As a result of this monitoring process, Nationwide may restrict the method of communication by which transfer orders will be accepted. In general, Nationwide will adhere to the following guidelines:

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| | |
|:---|:---|
| **Trading Behavior** | **Nationwide's Response** |
| Six or more transfer events within <br> one calendar quarter<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide will mail a letter to the Contract Owner notifying them that:<br> (1)they have been identified as engaging in harmful trading practices; and<br> (2)if their transfer events total 11 within two consecutive calendar quarters or 20 within one <br> calendar year, the Contract Owner will be limited to submitting transfer requests via U.S. <br> mail on a Nationwide issued form.<br>|
| 11 transfer events within two <br> consecutive calendar quarters<br> OR<br> 20 transfer events within one <br> calendar year<br>| &nbsp;&nbsp; Nationwide will automatically limit the Contract Owner to submitting transfer requests via U.S. <br> mail on a Nationwide issued form.<br>|

---

For purposes of Nationwide's transfer policy, U.S. mail includes standard U.S. mail, overnight U.S. mail, and overnight delivery via private carrier.

For calendar year restrictions, each January 1, Nationwide will start the monitoring anew, so that each contract starts with 0 transfer events each January 1. For restrictions on transfer events within two consecutive calendar quarters, Nationwide refreshes the transfer event restriction period at the beginning of each calendar quarter considering only transfers that occur in the current calendar quarter and occurred in the immediately preceding calendar quarter.

Contract Owners that are required to submit transfer requests via U.S. mail will be required to use a Nationwide issued form for their transfer request. Nationwide will refuse transfer requests that either do not use the Nationwide issued form for their transfer request or fail to provide accurate and complete information on their transfer request form. In the event that a Contract Owner's transfer request is refused by Nationwide, they will receive notice in writing by U.S. mail and will be required to resubmit their transfer request on a Nationwide issued form.

*Managers of Multiple Contracts* 

Some investment financial professionals manage the assets of multiple Nationwide contracts pursuant to trading authority granted or conveyed by multiple Contract Owners. These multi-contract financial professionals may be required by Nationwide to submit all transfer requests via U.S. mail.

Nationwide may, as an administrative practice, implement a "one-day delay" program for these multi-contract financial professionals, which they can use in addition to or in lieu of submitting transfer requests via U.S. mail. The one-day delay option permits multi-contract financial professionals to continue to submit transfer requests via the Internet or telephone. However, transfer requests submitted by multi-contract financial professionals via the Internet or telephone will not receive the next available Accumulation Unit value. Rather, they will receive the Accumulation Unit value that is calculated on the following Valuation Date. Transfer requests submitted under the one-day delay program are irrevocable. Multi-contract financial professionals will receive advance notice of being subject to the one-day delay program.

***Other Restrictions*** 

Nationwide reserves the right to refuse or limit transfer requests, or take any other action it deems necessary in order to protect Contract Owners, Annuitants, and beneficiaries from the negative investment results that may result from short-term trading or other harmful investment practices employed by some Contract Owners (or third parties acting on their behalf). In particular, trading strategies designed to avoid or take advantage of Nationwide's monitoring procedures (and other measures aimed at curbing harmful trading practices) that are nevertheless determined by Nationwide to constitute harmful trading practices, may be restricted.

Any restrictions that Nationwide implements will be applied consistently and uniformly.

***Underlying Mutual Fund Restrictions and Prohibitions*** 

Pursuant to regulations adopted by the SEC, Nationwide is required to enter into written agreements with the underlying mutual funds which allow the underlying mutual funds to:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) request the taxpayer identification number, international taxpayer identification number, or other government issued identifier of any Contract Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) request the amounts and dates of any purchase, redemption, transfer, or exchange request ("transaction information"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) instruct Nationwide to restrict or prohibit further purchases or exchanges by Contract Owners that violate policies established by the underlying mutual fund (whose policies may be more restrictive than Nationwide's policies).

Nationwide is required to provide such transaction information to the underlying mutual funds upon their request. In addition, Nationwide is required to restrict or prohibit further purchases or requests to exchange into a specific Sub-Account upon instruction from the underlying mutual fund in which that Sub-Account invests. Nationwide and any affected Contract Owner may not have advance notice of such instructions from an underlying mutual fund to restrict or prohibit further purchases or requests to exchange. If an underlying mutual fund refuses to accept a purchase or request to exchange into the Sub-Account associated with the underlying mutual fund submitted by Nationwide, Nationwide will keep any affected Contract Owner in their current Sub-Account allocation.

**Right to Examine and Cancel**

If the Contract Owner elects to cancel the contract, he/she may return it to the Service Center within a certain period of time known as the "free look" period. Depending on the state in which the contract was purchased (and, in some states, if the contract is purchased as a replacement for another annuity contract), the free look period may be 10 days or longer. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date. The contract issue date is the date the initial purchase payment is applied to the contract.

Where state law requires the return of purchase payments for free look cancellations, Nationwide will return all purchase payments applied to the contract, less any withdrawals from the contract and any applicable federal and state income tax withholding. Nationwide will recapture all of the Extra Value Option credits applied to the contract, but under no circumstances will the amount returned be less than the purchase payments made to the contract.

Where state law requires the return of Contract Value for free look cancellations, Nationwide will return the Contract Value as of the date of the cancellation, less any withdrawals from the contract and any applicable federal and state income tax withholding. Nationwide will recapture all of the Extra Value Option credits applied to the contract. The Contract Owner will retain any earnings attributable to the Extra Value Option credits, but all losses attributable to the Extra Value Option credits will be incurred by Nationwide.

Liability of the Variable Account under this provision is limited to the Contract Value in each Sub-Account on the date of revocation. Any additional amounts refunded to the Contract Owner will be paid by Nationwide.

**Allocation of Purchase Payments during Free Look Period** 

Where state law requires the return of purchase payments for free look cancellations, Nationwide will allocate initial purchase payments allocated to Sub-Accounts to the money market Sub-Account during the free look period.

Where state law requires the return of Contract Value for free look cancellations, Nationwide will immediately allocate initial purchase payments to the investment options based on the instructions contained on the application.

**Surrender/Withdrawal Prior to Annuitization**

Prior to annuitization and before the Annuitant's death, Contract Owners may generally withdraw some or all of their Contract Value. Withdrawals from the contract may be subject to federal income tax and/or a tax penalty (see *Appendix B: Contract Types and Tax Information*). Withdrawal requests may be submitted in writing or by telephone to the Service Center and Nationwide may require additional information. Requests submitted by telephone may be subject to dollar amount limitations and may be subject to payment and other restrictions to prevent fraud. Nationwide reserves the right to require written requests to be submitted on current Nationwide forms for withdrawals. Nationwide reserves the right to remove the ability to submit requests by telephone upon written notice. Contact the Service Center for current limitations and restrictions. When taking a full surrender, Nationwide may require that the contract accompany the request. Nationwide may require a signature guarantee.

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Surrender and withdrawal requests will receive the Accumulation Unit value next determined at the end of the current Valuation Period if the request and all necessary information is received at the Service Center before the close of regular trading on the New York Stock Exchange (generally, 4:00 pm EST). If the request and all necessary information is received after the close of regular trading on the New York Stock Exchange, the request will receive the Accumulation Unit value determined at the end of the next Valuation Day.

Nationwide will pay any amounts withdrawn from the Sub-Accounts within seven days after the request is received in good order at the Service Center (see *Determining the Contract Value*). However, Nationwide may suspend or postpone payment when it is unable to price a purchase payment or transfer, or as permitted or required by federal securities laws and rules and regulations of the SEC.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

A withdrawal from a GTO prior to its maturity date will be assessed a market value adjustment. The application of the market value adjustment could result in a loss.

If the Extra Value Option has been elected, and the amount withdrawn is subject to a CDSC, then for the first seven Contract Years only, a portion of the amount credited under the Extra Value Option may be recaptured. No recapture will take place after the end of the seventh Contract Year.

**Partial Withdrawals** 

If a Contract Owner requests a partial withdrawal, Nationwide will redeem Accumulation Units from the Sub-Accounts and an amount from the Fixed Account and the GTOs. The amount withdrawn from each investment option will be in proportion to the value in each option at the time of the withdrawal request, unless Nationwide is instructed otherwise.

Partial withdrawals are subject to the CDSC provisions of the contract. If a CDSC is assessed, the Contract Owner may elect to have the CDSC deducted from either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the amount requested; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Contract Value remaining after the Contract Owner has received the amount requested.

If the Contract Owner does not make a specific election, any applicable CDSC will be deducted from the amount requested by the Contract Owner.

The CDSC deducted is a percentage of the amount requested by the Contract Owner. Amounts deducted for CDSC are not subject to subsequent CDSC.

***Partial Withdrawals to Pay Investment Advisory Fees*** 

Some Contract Owners utilize an investment advisor(s) to manage their assets, for which the investment advisor assesses a fee. Investment advisors are not endorsed or affiliated with Nationwide and Nationwide makes no representation as to their qualifications. The fees for these investment advisory services are specified in the respective account agreements and are separate from and in addition to the contract fees and expenses described in this prospectus. Some Contract Owners authorize their investment advisor to take a partial withdrawal(s) from the contract in order to collect investment advisory fees. Withdrawals taken from this contract to pay advisory or investment management fees are subject to the CDSC provisions of the contract and may be subject to income tax and/or tax penalties.

**Full Surrenders** 

Upon full surrender, the Contract Value may be more or less than the total of all purchase payments made to the contract. The Contract Value will reflect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• standard contract charges

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• charges for optional benefits elected by the Contract Owner

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• underlying mutual fund charges

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• investment performance of the Sub-Accounts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• interest credited to Fixed Account allocations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amounts credited to GTO allocations, plus or minus any applicable market value adjustment

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• application of any Extra Value Option credits (and any recapture of such credits, if applicable)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any outstanding loan balance plus accrued interest

A CDSC may apply.

**Surrender/Withdrawal After Annuitization**

After the Annuitization Date, withdrawals other than regularly scheduled annuity payments are not permitted.

**Withdrawals Under Certain Plan Types**

**Withdrawals Under a Texas Optional Retirement Program or a Louisiana Optional Retirement Plan** 

Redemption restrictions apply to contracts issued under the Texas Optional Retirement Program or the Louisiana Optional Retirement Plan.

The Texas Attorney General has ruled that participants in contracts issued under the Texas Optional Retirement Program may only take withdrawals if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant retires;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant terminates employment due to total disability; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant that works in a Texas public institution of higher education terminates employment.

A participant under a contract issued under the Louisiana Optional Retirement Plan may only take distributions from the contract upon retirement or termination of employment. All retirement benefits under this type of plan must be paid as lifetime income; lump sum cash payments are not permitted, except for death benefits.

Due to these restrictions, a participant under either of these plans will not be able to withdraw Cash Value from the contract unless one of the applicable conditions is met. However, Contract Value may be transferred to other carriers, subject to any CDSC.

Nationwide issues this contract to participants in the Texas Optional Retirement Program in reliance upon and in compliance with Rule 6c-7 of the Investment Company Act of 1940. Nationwide issues this contract to participants in the Louisiana Optional Retirement Plan in reliance upon and in compliance with an exemptive order that Nationwide received from the SEC on August 22, 1990.

**Withdrawals Under a Tax Sheltered Annuity** 

Contract Owners of a Tax Sheltered Annuity may withdraw part or all of their Contract Value before the earlier of the Annuitization Date or the Annuitant's death, except as provided below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Contract Value attributable to contributions made under a qualified cash or deferred arrangement (within the meaning of Internal Revenue Code Section 402(g)(3)(A)), a salary reduction agreement (within the meaning of Internal Revenue Code Section 402(g)(3)(C)), or transfers from a Custodial Account (described in Section 403(b)(7) of the Internal Revenue Code), may be withdrawn only:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) when the Contract Owner reaches age 59½, separates from service, dies, or becomes disabled (within the meaning of Internal Revenue Code Section 72(m)(7)); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) in the case of hardship (as defined for purposes of Internal Revenue Code Section 401(k)), provided that any such hardship surrender may not include any income earned on salary reduction contributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) The withdrawal limitations described previously also apply to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) salary reduction contributions to Tax Sheltered Annuities made for plan years beginning after December 31, 1988;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) earnings credited to such contracts after the last plan year beginning before January 1, 1989, on amounts attributable to salary reduction contributions; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) all amounts transferred from Internal Revenue Code Section 403(b)(7) Custodial Accounts (except that earnings and employer contributions as of December 31, 1988 in such Custodial Accounts may be withdrawn in the case of hardship).

Any distribution other than the above, including a free look cancellation of the contract (when available) may result in taxes, penalties, and/or retroactive disqualification of a Tax Sheltered Annuity.

In order to prevent disqualification of a Tax Sheltered Annuity after a free look cancellation, Nationwide will transfer the proceeds to another Tax Sheltered Annuity upon proper direction by the Contract Owner.

These provisions explain Nationwide's understanding of current withdrawal restrictions. These restrictions may change.

Distributions pursuant to Qualified Domestic Relations Orders will not violate the restrictions stated previously.

**Loan Privilege** 

The loan privilege is only available to owners of Tax Sheltered Annuities. Loans may be taken from the Contract Value after expiration of the free look period up to the Annuitization Date. Loans are subject to the terms of the contract, the plan, and the Internal Revenue Code. Nationwide may modify the terms of a loan to comply with changes in applicable law. Loans are not available in all states.

**Minimum and Maximum Loan Amounts** 

Contract Owners may borrow a minimum of $1,000, unless Nationwide is required by law to allow a lesser minimum amount. Each loan must individually satisfy the contract minimum amount.

The maximum nontaxable loan amount is based on information provided by the participant or the employer. This amount may be impacted if a participant has additional loans from other plans. The total of all outstanding loans must not exceed the following limits:

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| | | |
|:---|:---|:---|
|  | **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\*) |

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\*

The $50,000 limits will be reduced by the highest outstanding balance owed during the previous 12 months.

For salary reduction Tax Sheltered Annuities, loans may be secured only by the Contract Value.

**Maximum Loan Processing Fee** 

Nationwide charges a Loan Processing Fee at the time each new loan is processed. The Loan Processing Fee will not exceed $25 per loan processed. This fee compensates Nationwide for expenses related to administering and processing loans. Loans are not available in all states. In addition, some states may not allow Nationwide to assess a Loan Processing Fee.

The fee is taken from all of the investment options in proportion to the Contract Value at the time the loan is processed.

**How Loan Requests are Processed** 

All loans are made from assets in Nationwide's General Account. As collateral for the loan, Nationwide holds an amount equal to the loan in a collateral fixed account (which is part of Nationwide's General Account).

When a loan request is processed, Nationwide transfers Accumulation Units from the Sub-Accounts to the collateral fixed account until the requested amount is reached. The amount deducted from the Sub-Accounts will be in the same proportion as the Sub-Account allocations, unless the Contract Owner has instructed otherwise. If there are not enough Accumulation Units available in the contract to reach the requested loan amount, Nationwide would then transfer Contract Value from the Fixed Account. Contract Value transferred from the Fixed Account to meet the requested loan amount is not subject to the Fixed Account transfer limitations otherwise applicable under the contract.

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If the requested loan amount is not reached based on the transfers stated above, any remaining required collateral for the loan will be transferred from the Guaranteed Term Options. Transfers from the Guaranteed Term Options may be subject to a market value adjustment.

No CDSC will be deducted on transfers related to loan processing.

**Interest Charged and Credited** 

Compound interest is charged on the outstanding loan balance consisting of outstanding principal plus accrued interest. The total interest rate is comprised of a collateral interest rate plus a finance interest rate. The total interest rate is disclosed at the time of loan application or loan issuance.

The finance interest rate will be 2.25%. The collateral interest rate will be the total interest rate minus the finance interest rate and will be no less than the guaranteed minimum interest rate stated in the contract.

When a loan is repaid in accordance with the payment schedule provided at the time the loan is issued, collateral interest and finance interest that accrue between scheduled payments are paid off. As payments are made, collateral interest is credited to the collateral fixed account, and finance interest is paid to Nationwide. Finance interest may provide revenue for risk charges and profit.

**Accrual of Principal and Interest After Default** 

Upon default, unpaid principal and collateral interest, and finance interest, will separately accrue and compound at the total interest rate. When the total interest rate is applied to accruing finance interest after default, the entire amount of interest is added to the outstanding finance interest. This will cause the total amount of the outstanding loan balance to grow rapidly over time.

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| | | | | |
|:---|:---|:---|:---|:---|
| ***Example:*** |  |  |  |  |
| Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | 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; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $50,000<br> (outstanding principal)<br>| = | &nbsp;&nbsp; $3,125<br> ($2,000 =collateral interest<br> $1,125 = finance interest)<br>|
| 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; |
| $2,000<br> (collateral interest)<br>| + | &nbsp;&nbsp; $50,000<br> (outstanding principal)<br>| = | &nbsp;&nbsp; $52,000<br> (outstanding principal <br> and collateral interest)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and |
| $1,125<br> (outstanding finance <br> interest)<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. |
| $52,000<br> (outstanding principal <br> and collateral interest)<br>| + | &nbsp;&nbsp; $1,125<br> (outstanding finance <br> interest)<br>| = | &nbsp;&nbsp; $53,125<br> (total outstanding <br> principal and interest)<br>|
| Thereafter, when interest is <br> calculated:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; |

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| | | | | |
|:---|:---|:---|:---|:---|
| ***Example:*** |  |  |  |  |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $52,000<br> (1A outstanding <br> principal and <br> collateral interest)<br>| = | &nbsp;&nbsp; $3,250<br> ($2,080 = collateral interest<br> $1,170 = finance interest)<br>|
| 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; |
| $2,080<br> (collateral interest)<br>| + | &nbsp;&nbsp; $52,000<br> (1A outstanding <br> principal and <br> collateral interest)<br>| = | &nbsp;&nbsp; $54,080<br> (outstanding principal <br> and collateral interest)<br>|
| 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $1,125<br> (outstanding finance <br> interest)<br>| = | &nbsp;&nbsp; $70.31<br> (finance interest)<br>|
| $70.31<br> (finance interest)<br>| + | &nbsp;&nbsp; $1,125<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $1,195.31<br> (outstanding <br> finance interest)<br>|
| 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; |
| $1,170<br> (finance interest)<br>| + | &nbsp;&nbsp; $1,195.31<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $2,365.31<br> (outstanding <br> finance interest)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. |
| $54,080<br> (total outstanding principal <br> and collateral interest)<br>| + | &nbsp;&nbsp; $2,365.31<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $56,445.31<br> (total outstanding <br> principal and interest)<br>|
| This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: |
| Outstanding Principal | Outstanding Principal | Outstanding Principal |  | $50000 |
| Outstanding Collateral Interest | Outstanding Collateral Interest | Outstanding Collateral Interest |  | $40047 |
| Outstanding Finance Interest | Outstanding Finance Interest | Outstanding Finance Interest |  | $34091 |
| Total Outstanding Principal and Interest | Total Outstanding Principal and Interest | Total Outstanding Principal and Interest |  | $124138 |

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**Loan Repayment** 

Loans must be repaid in five years. However, if the loan is used to purchase the Contract Owner's principal residence, the Contract Owner has 15 years to repay the loan.

Contract Owners must identify loan repayments as loan repayments or they will be treated as purchase payments and will not reduce the outstanding loan balance. Payments must be substantially level and made at least quarterly. Over time, unpaid loan interest charges can cause the total amount of the outstanding loan balance to be significant, so it is advantageous to make a loan repayment at least quarterly. The Contract Owner should contact the Service Center to obtain loan pay-off amounts.

When the Contract Owner makes a loan repayment, the amount in the collateral fixed account will be reduced by the amount of the payment that represents loan principal. Additionally, the amount of the payment that represents loan principal and credited interest will be applied to the Sub-Accounts and the Fixed Account in accordance with the allocation instructions in effect at the time the payment is received, unless the Contract Owner directs otherwise.

------

Loan repayments to the Guaranteed Term Options must be at least $1,000. If the proportional share of the repayment to the Guaranteed Term Option is less than $1,000, that portion of the repayment will be allocated to the money market Sub-Account unless the Contract Owner directs otherwise.

**Distributions and Annuity Payments** 

Distributions made from the contract while a loan is outstanding will be reduced by the amount of the outstanding loan plus accrued interest if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is surrendered;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Owner/Annuitant dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Owner who is not the Annuitant dies prior to annuitization; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• annuity payments begin.

**Transferring the Contract** 

Nationwide reserves the right to restrict any transfer of the contract while the loan is outstanding.

**Grace Period and Loan Default** 

If a loan payment is not made when due, interest will continue to accrue. A grace period may be available (refer to the terms of the loan agreement). During the grace period, the loan is considered outstanding, but not in default. If a loan payment is not made by the end of the applicable grace period and the Contract Owner is eligible for a distribution, the loan payment amount may be deducted from the Contract Value and applied as a loan payment, which will be treated as an actual distribution.

If the Contract Owner fails to make a full payment by the end of the applicable grace period, and is not eligible to take a distribution, the loan will default. In the year of a default, the entire outstanding loan balance, plus accrued interest, will be treated as a deemed distribution and will be taxable to the Contract Owner. This deemed distribution may also be subject to an early withdrawal tax penalty by the Internal Revenue Service. After default, the loan is still outstanding and interest will continue to accrue until the entire loan balance has been repaid. Additional loans are not available until all defaulted loans have been repaid.

**Contract Owner Services**

**Asset Rebalancing** 

Asset Rebalancing is the automatic reallocation of Contract Values to the Sub-Accounts on a predetermined percentage basis. Asset Rebalancing is not available for assets held in the Fixed Account or the GTOs. Requests for Asset Rebalancing must be on a Nationwide form and submitted to the Service Center. Once Asset Rebalancing is elected, it will only be terminated upon specific instruction from the Contract Owner; manual transfers will not automatically terminate the program. Currently, there is no additional charge for Asset Rebalancing.

Asset Rebalancing occurs every three months or on another frequency if permitted by Nationwide. If the last day of the designated rebalancing period falls on a Saturday, Sunday, recognized holiday, or any other day when the New York Stock Exchange is closed, Asset Rebalancing will occur on the next business day. Each Asset Rebalancing reallocation is considered a transfer event (see *Transfer Restrictions*).

Asset Rebalancing may be subject to employer limitations or restrictions for contracts issued to a Tax Sheltered Annuity plan. Contract Owners should consult a financial professional to discuss the use of Asset Rebalancing.

------

Nationwide reserves the right to stop establishing new Asset Rebalancing programs. Existing Asset Rebalancing programs will remain in effect unless otherwise terminated.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. C elects to participate in Asset Rebalancing and has instructed his Contract Value be <br> allocated as follows: 40% to Sub-Account A, 40% to Sub-Account B, and 20% to Sub-<br> Account C. Mr. C elects to rebalance quarterly. Each quarter, Nationwide will automatically <br> rebalance Mr. C's Contract Value by transferring Contract Value among the three elected <br> Sub-Accounts so that his 40%/40%/20% allocation remains intact.<br>|

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**Dollar Cost Averaging**

Dollar Cost Averaging is a long-term transfer program that allows the Contract Owner to make regular, level investments over time. Dollar Cost Averaging involves the automatic transfer of a specific amount from the Fixed Account and/or certain Sub-Accounts into other Sub-Accounts. With this service, the Contract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.

Contract Owners direct Nationwide to automatically transfer specified amounts from the Fixed Account and the following Sub-Account(s) (if available):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Loomis Core Bond Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class

or to any other Sub-Account(s). Dollar Cost Averaging transfers may not be directed to the Fixed Account or the 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. Contract Owners that wish to utilize Dollar Cost Averaging should first inquire whether any Enhanced Fixed Account Dollar Cost Averaging programs are available.

Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until either the value in the originating investment option is exhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwide to stop the transfers, all amounts remaining in the originating Fixed Account or Sub-Account will remain allocated to the Fixed Account or Sub-Account, unless Nationwide is instructed otherwise. Dollar Cost Averaging transfers are not considered transfer events.

Nationwide reserves the right to stop establishing new Dollar Cost Averaging programs.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. T elects to participate in Dollar Cost Averaging and has transferred $25,000 to an <br> eligible Sub-Account (Sub-Account S) that will serve as the source investment option for her <br> Dollar Cost Averaging program. She would like the Dollar Cost Averaging transfers to be <br> allocated as follows: $500 to Sub-Account L and $1,000 to Sub-Account M. Each month, <br> Nationwide will automatically transfer $1,500 from Sub-Account S and allocate $1,000 to <br> Sub-Account M and $500 to Sub-Account L.<br>|

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**Enhanced Fixed Account Dollar Cost Averaging** 

Nationwide may, periodically, offer Dollar Cost Averaging programs with an enhanced interest rate referred to as "Enhanced Fixed Account Dollar Cost Averaging." Enhanced Fixed Account Dollar Cost Averaging involves the automatic transfer of a specific amount from an enhanced rate Fixed Account into any Sub-Account(s). With this service, the Contract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.

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Only new purchase payments to the contract are eligible for Enhanced Fixed Account Dollar Cost Averaging. Enhanced Fixed Account Dollar Cost Averaging transfers may not be directed to the Fixed Account or the GTOs. Amounts allocated to the enhanced rate Fixed Account as part of an Enhanced Fixed Account Dollar Cost Averaging program earn a higher rate of interest than assets allocated to the standard Fixed Account. Each enhanced rate is guaranteed for as long as the corresponding program is in effect.

Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until either amounts allocated to the Fixed Account as part of an Enhanced Fixed Account Dollar Cost Averaging program are exhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwide to stop the transfers, Nationwide will automatically reallocate any amount remaining in the enhanced rate Fixed Account according to future investment allocation instructions, unless directed otherwise. Enhanced Fixed Account Dollar Cost Averaging transfers are not considered transfer events.

Nationwide reserves the right to stop establishing new Enhanced Fixed Account Dollar Cost Averaging programs.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. E elects to participate in Enhanced Fixed Account Dollar Cost Averaging and has <br> allocated new purchase payments of $22,000 to the Fixed Account, which will receive an <br> enhanced interest crediting rate. He would like the Enhanced Fixed Account Dollar Cost <br> Averaging transfers to be allocated as follows: $1,000 to Sub-Account L and $1,000 to Sub-<br> Account M. Each month, Nationwide will automatically transfer $2,000 from the Fixed <br> Account and allocate $1,000 to Sub-Account M and $1,000 to Sub-Account L.<br>|

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**Systematic Withdrawals** 

Systematic Withdrawals allow Contract Owners to receive a specified amount (of at least $100) on a monthly, quarterly, semi-annual, or annual basis. Requests for Systematic Withdrawals and requests to discontinue Systematic Withdrawals must be submitted in good order and in writing to the Service Center.

The withdrawals will be taken from the Sub-Accounts and the Fixed Account proportionally unless Nationwide is instructed otherwise. Systematic Withdrawals are not available for assets held in the Guaranteed Term Options.

Nationwide will withhold federal income taxes from Systematic Withdrawals unless otherwise instructed by the Contract Owner. The Internal Revenue Service may impose a 10% penalty tax if the Contract Owner is under age 59½, unless the Contract Owner has made an irrevocable election of distributions of substantially equal payments.

A CDSC may apply to amounts taken through Systematic Withdrawals. If the Contract Owner takes Systematic Withdrawals, the maximum amount that can be withdrawn annually without a CDSC is the greater of the amount available under the CDSC-free withdrawal privilege (see *Contingent Deferred Sales Charge*), and a given percentage of the Contract Value that is based on the Contract Owner's age, as shown in the following table:

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| | |
|:---|:---|
| **Contract Owner's Age** | **Percentage of Contract Value** |
| Under age 59½  | &nbsp;&nbsp; 5<br> %<br>|
| 59½ through age 61 | &nbsp;&nbsp; 7<br> %<br>|
| 62 through age 64 | &nbsp;&nbsp; 8<br> %<br>|
| 65 through age 74 | &nbsp;&nbsp; 10<br> %<br>|
| 75 and over | &nbsp;&nbsp; 13<br> %<br>|

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The Contract Owner's age is determined as of the date the request for Systematic Withdrawals is recorded by the Service Center. For joint owners, the older joint owner's age will be used.

The CDSC-free withdrawal privilege for Systematic Withdrawals is non-cumulative. Free amounts not taken during any Contract Year cannot be taken as free amounts in a subsequent Contract Year. In any given Contract Year, any amount withdrawn in excess of the amount permitted under this program will be subject to the CDSC provisions (see *Contingent Deferred Sales Charge*).

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Nationwide reserves the right to stop establishing new Systematic Withdrawal programs. Systematic Withdrawals are not available before the end of the free look period.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elects to take Systematic Withdrawals equal to $5,000 on a quarterly basis. She has <br> not directed that the withdrawals be taken from specific Sub-Accounts, so each quarter, <br> Nationwide will withdraw $5,000 from Ms. H's contract proportionally from each Sub-<br> Account, and will mail her a check or wire the funds to the financial institution of her choice.<br>|

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**Death Benefit**

**Death of Contract Owner** 

If a Contract Owner (including a joint owner) who is not the Annuitant dies before the Annuitization Date, no death benefit is payable and the surviving joint owner becomes the Contract Owner. If there is no surviving joint owner, the contingent owner becomes the Contract Owner. If there is no surviving contingent owner, the last surviving Contract Owner's estate becomes the Contract Owner.

A distribution of the Contract Value will be made in accordance with tax rules and as described in *Appendix B: Contract Types and Tax Information.* A CDSC may apply.

**Death of Annuitant** 

If the Annuitant who is not a Contract Owner dies before the Annuitization Date, the Contingent Annuitant becomes the Annuitant and no death benefit is payable. If no Contingent Annuitant is named, a death benefit is payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries survive the Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries or contingent beneficiaries survive the Annuitant, the Contract Owner or the last surviving Contract Owner's estate will receive the death benefit.

If the Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selected annuity payment option.

If the Contract Owner is a Charitable Remainder Trust and the Annuitant dies before the Annuitization Date, the death benefit will accrue to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust's right to the death benefit will be void.

**Death of Contract Owner/Annuitant** 

If a Contract Owner (including a joint owner) who is also the Annuitant dies before the Annuitization Date, a death benefit is payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries survive the Contract Owner/Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share the death benefit equally unless otherwise specified. If no contingent beneficiaries survive the Contract Owner/Annuitant, the last surviving Contract Owner's estate will receive the death benefit.

If the Contract Owner/Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selected annuity payment option.

**Death Benefit Payment** 

The recipient of the death benefit may elect to receive the death benefit:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) in a lump sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) as an annuity (see *Annuity Payment Options*); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) in any other manner permitted by law and approved by Nationwide.

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Premium taxes may be deducted from death benefit proceeds. Nationwide will pay (or will begin to pay) the death benefit after it receives proof of death and the instructions as to the payment of the death benefit. Death benefit claims must be submitted to the Service Center. If the recipient of the death benefit does not elect the form in which to receive the death benefit payment, Nationwide will pay the death benefit in a lump sum. Contract Value will continue to be allocated according to the most recent allocation instructions until the death benefit is paid.

If the contract has multiple beneficiaries entitled to receive a portion of the death benefit, the Contract Value will continue to be allocated according to the most recent allocation instructions until the first beneficiary provides Nationwide with all the information necessary to pay that beneficiary's portion of the death benefit proceeds. At the time the first beneficiary's proceeds are paid, the remaining portion(s) of the death benefit proceeds that are allocated to Sub-Accounts will be reallocated to the available money market Sub-Account until instructions are received from the remaining beneficiary(ies).

Any Contract Value not allocated to the Sub-Accounts will remain invested and will not be reallocated to the available money market Sub-Account.

**Death Benefit Calculations**

The value of each component of the death benefit calculation will be determined as of the date Nationwide receives:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) proper proof of the Annuitant's death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) an election specifying the distribution method; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) any state required form(s).

An applicant may elect either the standard death benefit (Five-Year Reset Death Benefit) or an available death benefit option that is offered under the contract for an additional charge. If no election is made at the time of application, the death benefit will be the standard death benefit.

**Annuity Commencement Date** 

The Annuity Commencement Date is the date on which annuity payments are scheduled to begin. Generally, the Contract Owner designates the Annuity Commencement Date at the time of application. If no Annuity Commencement Date is designated at the time of application, Nationwide will establish the Annuity Commencement Date as the date the Annuitant reaches age 90. The Contract Owner may initiate a change to the Annuity Commencement Date at any time. Additionally, Nationwide will notify the Contract Owner approximately 90 days before the impending Annuity Commencement Date of the opportunity to change the Annuity Commencement Date or annuitize the contract.

Any request to change the Annuity Commencement Date must meet the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the request is made prior to annuitization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the requested date is at least two years after the date of issue;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the requested date is not later than the Annuitant's 90th birthday (or the 90th birthday of the oldest Annuitant if there are joint Annuitants) unless approved by Nationwide; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the request for change is made in writing, submitted in good order to the Service Center, and approved by Nationwide.

Generally, Nationwide will not initiate annuitization until specifically directed to do so. However, for Non-Qualified Contracts only, Nationwide will automatically initiate annuitization within 45 days after the Annuity Commencement Date (whether default or otherwise), unless (1) Nationwide has had direct contact with the Contract Owner (indicating that the contract is not abandoned); or (2) the Contract Owner has taken some type of action which is inconsistent with the desire to annuitize.

**Annuitizing the Contract**

**Annuitization Date** 

The Annuitization Date is the date that annuity payments begin.

Any optional death benefit that the Contract Owner elects will automatically terminate upon annuitization.

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The Annuitization Date will be the first day of a calendar month unless otherwise agreed. Unless otherwise required by state law, the Annuitization Date must be at least two years after the contract is issued, but may not be later than either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the age (or date) specified in the contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the age (or date) specified by state law, where applicable.

The Internal Revenue Code may require that distributions be made prior to the Annuitization Date (see *Appendix B: Contract Types and Tax Information*).

On the Annuitization Date, the Annuitant becomes the Contract Owner unless the Contract Owner is a Charitable Remainder Trust.

If the contract is issued to fund a Tax Sheltered Annuity, annuitization may occur during the first two Contract Years subject to Nationwide's approval.

**Annuitization** 

Annuitization is the period during which annuity payments are received. It is irrevocable once payments have begun. Upon arrival of the Annuitization Date, the Contract Owner must choose:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) an annuity payment option; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) either a fixed payment annuity, variable payment annuity, or an available combination.

A variable payment annuity may not be elected when exercising a Guaranteed Minimum Income Benefit option.

On the Annuitization Date, the Contract Value, less any premium tax, will be applied under the annuity payment option(s) selected by the Contract Owner. Annuity purchase rates are used to determine the amount of the annuity payments based upon the annuity payment option elected. Actual purchase rates used to determine annuity payments will be those in effect on the Annuitization Date, and will not be less than the guaranteed minimum purchase rates as provided in the contract.

Nationwide guarantees that each payment under a fixed payment annuity will be the same throughout annuitization. Under a variable payment annuity, the amount of each payment will vary with the performance of the Sub-Accounts elected.

Any allocations in the Fixed Account that are to be annuitized as a variable payment annuity must be transferred to one or more Sub-Accounts prior to the Annuitization Date. There are no restrictions on Fixed Account transfers made in anticipation of annuitization.

Any allocations in the Sub-Accounts that are to be annuitized as a fixed payment annuity must be transferred to the Fixed Account prior to the Annuitization Date.

Guaranteed Term Options are not available during annuitization. Any Guaranteed Term Option allocations must be transferred out of the Guaranteed Term Options prior to the Annuitization Date. A market value adjustment may apply.

**Fixed Annuity Payments** 

Fixed annuity payments provide for level annuity payments. The fixed annuity payments will remain level unless the annuity payment option provides otherwise.

**Variable Annuity Payments** 

Variable annuity payments will vary depending on the performance of the Sub-Accounts selected. The Sub-Accounts available during annuitization are those Sub-Accounts corresponding to the underlying mutual funds shown in *Appendix A: Investment Options Available Under the Contract*. Nationwide uses an assumed investment return factor of 3.5%. An assumed investment return is the net investment return required to maintain level variable annuity payments. To the extent that investment performance is not equal to 3.5% for given payment periods, the amount of the payments in those periods will not be the same. Payments will increase from one payment date to the next if the annualized net rate of return is greater than 3.5% during that time. Conversely, payments will decrease from one payment to the next if the annualized net rate of return is less than 3.5% during that time.

**Frequency and Amount of Annuity Payments** 

Annuity payments are based on the annuity payment option elected.

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If the net amount to be annuitized is less than $5,000, Nationwide reserves the right to pay this amount in a lump sum instead of periodic annuity payments.

Annuity payments are made at any frequency approved by Nationwide. Nationwide reserves the right to change the frequency of payments if the amount of any payment becomes less than $100. The payment frequency will be changed to an interval that will result in payments of at least $100. Nationwide will send annuity payments no later than seven days after each annuity payment date.

**Annuity Payment Options** 

The Annuitant must elect an annuity payment option before the Annuitization Date. If the Annuitant does not elect an annuity payment option by that date, a variable payment Single Life with a 20 Year Term Certain annuity payment option will be assumed as the automatic form of payment upon annuitization. Once elected or assumed, the annuity payment option may not be changed.

Not all of the annuity payment options may be available in all states. Additionally, the annuity payment options available may be limited based on the Annuitant's age (and the joint Annuitant's age, if applicable) or requirements under the Internal Revenue Code.

**Annuity Payment Options Available to All Contracts**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Standard Joint and Survivor; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life with a 10 or 20 Year Term Certain.

Each of the annuity payment options is discussed more thoroughly below.

***Single Life*** 

The Single Life annuity payment option provides for annuity payments to be paid during the lifetime of the Annuitant. This option is not available if the Annuitant is 86 or older on the Annuitization Date.

Payments will cease with the last payment before the Annuitant's death. For example, if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one payment. The Annuitant will only receive two annuity payments if he or she dies before the third payment date, and so on. No death benefit will be paid.

No withdrawals other than the scheduled annuity payments are permitted.

***Standard Joint and Survivor*** 

The Standard Joint and Survivor annuity payment option provides for annuity payments to continue during the joint lifetimes of the Annuitant and joint Annuitant. After the death of either the Annuitant or joint Annuitant, payments will continue for the life of the survivor. This option is not available if the Annuitant or joint Annuitant is 86 or older on the Annuitization Date.

Payments will cease with the last payment due prior to the death of the last survivor of the Annuitant and joint Annuitant. As is the case of the Single Life annuity payment option, there is no guaranteed number of payments. Therefore, it is possible that if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one annuity payment. No death benefit will be paid.

No withdrawals other than the scheduled annuity payments are permitted.

***Single Life with a 10 or 20 Year Term Certain*** 

The Single Life with a 10 or 20 Year Term Certain annuity payment option provides that monthly annuity payments will be paid during the Annuitant's lifetime or for the term selected, whichever is longer. The term may be either 10 or 20 years.

If the Annuitant dies before the end of the 10 or 20 year term, payments will be paid to the beneficiary for the remainder of the term.

No withdrawals other than the scheduled annuity payments are permitted.

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***Any Other Option*** 

Annuity payment options not set forth in this provision may be available. Any annuity payment option not set forth in this provision must be approved by Nationwide.

**Statements and Reports** 

Nationwide's default delivery method is U.S. mail and Nationwide will deliver required documents by U.S. mail unless other delivery methods (e.g. electronic delivery) are permitted by law or regulation. Therefore, Contract Owners should promptly notify the Service Center of any address change.

Nationwide will mail to Contract Owners:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• statements showing the contract's quarterly activity; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• confirmation statements showing transactions that affect the contract's value. Confirmation statements will not be sent for recurring transactions (*i.e.*, Dollar Cost Averaging or salary reduction programs). Instead, confirmation of recurring transactions will appear in the contract's quarterly statements.

Contract Owners can receive information from Nationwide faster and reduce the amount of mail received by signing up for Nationwide's eDelivery program. Nationwide will notify Contract Owners by email when important documents (statements, prospectuses, and other documents) are ready for a Contract Owner to view, print, or download from Nationwide's secure server. To choose this option, go to: www.nationwide.com.

Contract Owners should review statements and confirmations carefully. All errors or corrections must be reported to Nationwide immediately to assure proper crediting to the contract. Unless Nationwide is notified within 30 days of receipt of the statement, Nationwide will assume statements and confirmation statements are correct.

**IMPORTANT NOTICE REGARDING DELIVERY OF SECURITY OWNER DOCUMENTS** 

When multiple copies of the same disclosure document(s), such as prospectuses, supplements, proxy statements, and semi-annual and annual reports are required to be mailed to multiple Contract Owners in the same household, Nationwide will mail only one copy of each document, unless notified otherwise by the Contract Owner(s). Household delivery will continue for the life of the contracts.

A Contract Owner can revoke their consent to household delivery and reinstitute individual delivery by contacting the Service Center. Nationwide will reinstitute individual delivery within 30 days after receiving such notification.

**Legal Proceedings** 

**Nationwide Life Insurance Company** 

Nationwide Financial Services, Inc. (NFS, or collectively with its subsidiaries, the "Company") was formed in November 1996. NFS is the holding company for Nationwide Life Insurance Company (NLIC), Nationwide Life and Annuity Insurance Company (NLAIC) and other companies that comprise the life insurance and retirement savings operations of the Nationwide group of companies (Nationwide). This group includes Nationwide Financial Network (NFN), an affiliated distribution network that markets directly to its customer base. NFS is incorporated in Delaware and maintains its principal executive offices in Columbus, Ohio.

The Company is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope, and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company's financial condition.

The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency, and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.

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**Nationwide Investment Services Corporation** 

The general distributor, NISC (the "Company"), is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company's financial condition.

The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency and state securities divisions. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.

**Financial Statements** 

Financial statements for the Variable Account and financial statements and schedules of Nationwide are located in the Statement of Additional Information. A current Statement of Additional Information may be obtained, without charge, by contacting the Service Center, or can be found online at https://nationwide.onlineprospectus.net/NW/C000024730NW/index.php?ctype=product_sai.

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**Appendix A: Investment Options Available Under the Contract** 

**Underlying Mutual Funds** 

The following is a list of underlying mutual funds available under the contract. More information about the underlying mutual funds is available in the prospectuses for the underlying mutual funds, which may be amended from time to time and can be found online at https://nationwide.onlineprospectus.net/NW/C000024730NW/index.php. This information can also be obtained at no cost by calling 1-800-848-6331 or by sending an email request to FLSS@nationwide.com. Depending on the optional benefits chosen, access to certain underlying mutual funds may be limited. The availability of investment options may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations*).

The current expenses and performance information below reflects fees and expenses of the underlying mutual funds, but do not reflect the other fees and expenses that the contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each underlying mutual fund's past performance is not necessarily an indication of future performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **AllianceBernstein Variable Products Series Fund, Inc. - AB** <br> **VPS International Value Portfolio: Class B**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2020<br> Investment Advisor: AllianceBernstein L.P.<br>| 1.15%\* | 41.27% | 10.19% | 6.37% |
| Equity | &nbsp;&nbsp; **AllianceBernstein Variable Products Series Fund, Inc. - AB** <br> **VPS Large Cap Growth Portfolio: Class B**<br> Investment Advisor: AllianceBernstein L.P.<br>| 0.90% | 12.85% | 11.76% | 15.88% |
| Equity | &nbsp;&nbsp; **AllianceBernstein Variable Products Series Fund, Inc. - AB** <br> **VPS Relative Value Portfolio: Class A**<br> Investment Advisor: AllianceBernstein L.P.<br>| 0.59%\* | 10.47% | 11.42% | 10.57% |
| Allocation | &nbsp;&nbsp; **American Funds Insurance Series® - American Funds®** <br> **Global Balanced Fund: Class 4**<br> Investment Advisor: Capital Research and Management Company<br>| 1.01%\* | 16.96% | 5.85% | 7.43% |
| Fixed Income | &nbsp;&nbsp; **American Funds Insurance Series® - American High-Income** <br> **Trust: Class 4**<br> Investment Advisor: Capital Research and Management Company<br>| 0.83%\* | 7.94% | 5.33% | 6.68% |
| Allocation | &nbsp;&nbsp; **American Funds Insurance Series® - Capital Income** <br> **Builder®: Class 4**<br> Investment Advisor: Capital Research and Management Company<br>| 0.78%\* | 20.16% | 8.82% | 7.32% |
| Equity | &nbsp;&nbsp; **American Funds Insurance Series® - Global Small** <br> **Capitalization Fund: Class 4**<br> Investment Advisor: Capital Research and Management Company<br>| 1.15%\* | 14.33% | 0.23% | 6.96% |
| Equity | &nbsp;&nbsp; **American Funds Insurance Series® - New World Fund®:** <br> **Class 4**<br> Investment Advisor: Capital Research and Management Company<br>| 1.07%\* | 27.93% | 5.06% | 8.98% |
| Fixed Income | &nbsp;&nbsp; **American Funds Insurance Series® - U.S. Government** <br> **Securities Fund: Class 2**<br> Investment Advisor: Capital Research and Management Company<br>| 0.50%\* | 7.75% | -0.23% | 1.70% |
| Equity | &nbsp;&nbsp; **American Funds Insurance Series® - Washington Mutual** <br> **Investors Fund: Class 4**<br> Investment Advisor: Capital Research and Management Company<br>| 0.75%\* | 16.90% | 13.60% | 12.08% |
| Allocation | &nbsp;&nbsp; **BlackRock Variable Series Funds, Inc. - BlackRock 60/40** <br> **Target Allocation ETF V.I. Fund: Class III**<br> Investment Advisor: BlackRock Advisors, LLC<br>| 0.58%\* | 15.37% | 7.05% | 8.45% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **BNY Mellon Investment Portfolios - Small Cap Stock Index** <br> **Portfolio: Service Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2013<br> Investment Advisor: BNY Mellon Investment Adviser, Inc.<br>| 0.61% | 5.36% | 6.65% | 9.15% |
| Equity | &nbsp;&nbsp; **BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial** <br> **Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2004<br> Investment Advisor: BNY Mellon Investment Adviser, Inc.<br> Sub-Advisor: Newton Investment Management Limited<br>| 0.66% | 15.97% | 11.93% | 13.56% |
| Allocation | &nbsp;&nbsp; **Calvert Variable Series, Inc. - Calvert VP SRI Balanced** <br> **Portfolio: Class F**<br> Investment Advisor: Calvert Research and Management<br>| 0.90% | 11.68% | 8.44% | 9.51% |
| Equity | &nbsp;&nbsp; **Calvert Variable Trust, Inc. - CVT Nasdaq 100 Index Portfolio:** <br> **Class F**<br> Investment Advisor: Calvert Research and Management<br> Investment Sub-Advisor: Ameritas Investment Partners, Inc.<br>| 0.74%\* | 20.10% | 14.46% | 18.80% |
| Equity | &nbsp;&nbsp; **Columbia Funds Variable Insurance Trust - Columbia** <br> **Variable Portfolio - Small Cap Value Discovery Fund: Class 2** <br> **(formerly, Columbia Funds Variable Series Trust - Columbia** <br> **Variable Portfolio - Small Cap Value Discovery Fund: Class 2)**<br> Investment Advisor: Columbia Management Investment Advisors, <br> LLC<br>| 1.13%\* | 14.66% | 12.19% | 11.20% |
| Equity | &nbsp;&nbsp; **Columbia Funds Variable Insurance Trust - Columbia** <br> **Variable Portfolio - Small Company Growth Fund: Class 2** <br> **(formerly, Columbia Funds Variable Series Trust - Columbia** <br> **Variable Portfolio - Small Company Growth Fund: Class 2)**<br> Investment Advisor: Columbia Management Investment Advisors, <br> LLC<br>| 1.12%\* | 21.29% | 3.32% | 14.89% |
| Real Assets | &nbsp;&nbsp; **Columbia Funds Variable Series Trust II - Columbia Variable** <br> **Portfolio - Commodity Strategy Fund: Class 2**<br> Investment Advisor: Columbia Management Investment Advisors, <br> LLC<br>| 1.00%\* | 15.30% | 12.44% | 6.46% |
| Fixed Income | &nbsp;&nbsp; **Columbia Funds Variable Series Trust II - Columbia Variable** <br> **Portfolio - High Yield Bond Fund: Class 2**<br> Investment Advisor: Columbia Management Investment Advisors, <br> LLC<br>| 0.89%\* | 8.49% | 3.93% | 5.51% |
| Fixed Income | &nbsp;&nbsp; **Columbia Funds Variable Series Trust II - Columbia Variable** <br> **Portfolio - Select Corporate Income Fund: Class 2**<br> Investment Advisor: Columbia Management Investment Advisors, <br> LLC<br>| 0.72%\* | 7.55% | 1.20% | 1.94% |
| Equity | &nbsp;&nbsp; **Columbia Funds Variable Series Trust II - Columbia Variable** <br> **Portfolio - Select Mid Cap Growth Fund: Class 2**<br> Investment Advisor: Columbia Management Investment Advisors, <br> LLC<br>| 1.07%\* | 14.86% | 7.26% | 11.89% |
| Fixed Income | &nbsp;&nbsp; **Columbia Funds Variable Series Trust II - Columbia Variable** <br> **Portfolio - Select Short Corporate Income Fund: Class 2**<br> Investment Advisor: Columbia Management Investment Advisors, <br> LLC<br>| 0.66%\* | 6.00% | 1.90% | 2.94% |
| Equity | &nbsp;&nbsp; **Columbia Funds Variable Series Trust II - Columbia Variable** <br> **Portfolio - Seligman Global Technology: Class 2 (formerly,** <br> **Columbia Funds Variable Insurance Trust II - Columbia** <br> **Variable Portfolio - Seligman Global Technology: Class 2)**<br> Investment Advisor: Columbia Management Investment Advisors, <br> LLC<br>| 1.18%\* | 34.37% | 18.42% | 22.70% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Alternative Strategies | &nbsp;&nbsp; **Deutsche DWS Variable Series II - DWS Alternative Asset** <br> **Allocation VIP: Class B**<br> Investment Advisor: DWS Investment Management Americas, Inc.<br> Investment Sub-Advisor: RREEF America L.L.C.<br>| 1.26% | 10.03% | 4.88% | 4.52% |
| Fixed Income | &nbsp;&nbsp; **Federated Hermes Insurance Series - Federated Hermes** <br> **Quality Bond Fund II: Primary Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2008<br> Investment Advisor: Federated Investment Management Company<br>| 0.74%\* | 7.08% | 1.10% | 2.99% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Contrafund®** <br> **Portfolio: Service Class 2**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.79% | 21.19% | 15.08% | 15.49% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Equity-**<br> **Income Portfolio: Service Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.56% | 18.92% | 12.41% | 11.49% |
| Fixed Income | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Floating Rate** <br> **High Income Portfolio: Initial Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.73% | 5.33% | 6.06% | 5.44% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Growth** <br> **Portfolio: Service Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.65% | 14.78% | 13.58% | 17.33% |
| Fixed Income | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP High Income** <br> **Portfolio: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2016<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity <br> Management & Research (Hong Kong) Limited, Fidelity <br> Management & Research (Japan) Limited<br>| 0.91%\* | 10.32% | 4.14% | 5.49% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Overseas** <br> **Portfolio: Service Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FIL Investment Advisors, FIL Investment <br> Advisors (UK) Limited, FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.82% | 20.28% | 6.51% | 7.82% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Value** <br> **Portfolio: Service Class 2**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.70% | 10.95% | 12.82% | 10.96% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Value** <br> **Strategies Portfolio: Service Class 2**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.84% | 7.70% | 11.87% | 10.54% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Value** <br> **Strategies Portfolio: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2006<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity <br> Management & Research (Hong Kong) Limited, Fidelity <br> Management & Research (Japan) Limited<br>| 0.69% | 7.91% | 12.02% | 10.71% |
| Equity | &nbsp;&nbsp; **Goldman Sachs Variable Insurance Trust - Goldman Sachs** <br> **Mid Cap Growth Fund: Service Shares**<br> Investment Advisor: Goldman Sachs Asset Management, L.P.<br>| 0.98%\* | 7.36% | 4.68% | 11.59% |
| Equity | &nbsp;&nbsp; **Invesco - Invesco V.I. Discovery Mid Cap Growth Fund:** <br> **Series I**<br> Investment Advisor: Invesco Advisers, Inc.<br>| 0.86% | 4.79% | 3.90% | 11.38% |
| Equity | &nbsp;&nbsp; **Invesco - Invesco V.I. Global Fund: Series I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2023<br> Investment Advisor: Invesco Advisers, Inc.<br>| 0.81% | 15.32% | 7.28% | 11.00% |
| Fixed Income | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP High Income** <br> **Series: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2017<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 0.97% | 7.17% | 3.73% | 5.56% |
| Allocation | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Balanced Portfolio:** <br> **Service Shares**<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 0.87% | 14.82% | 8.21% | 9.86% |
| Equity | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Enterprise Portfolio:** <br> **Service Shares**<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 0.97% | 7.41% | 7.35% | 12.51% |
| Equity | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Global Research** <br> **Portfolio: Service Shares**<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 1.07% | 20.60% | 12.23% | 12.64% |
| Equity | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Global Sustainable** <br> **Equity Portfolio: Institutional Shares**<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 0.74%\* | 17.46% |  |  |
| Equity | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Global Technology** <br> **and Innovation Portfolio: Service Shares**<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 0.97% | 24.84% | 13.44% | 21.18% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **Janus Aspen Series - Janus Henderson Overseas Portfolio:** <br> **Service Shares**<br> Investment Advisor: Janus Henderson Investors US LLC<br>| 0.96% | 28.58% | 9.17% | 8.97% |
| Equity | &nbsp;&nbsp; **Legg Mason Partners Variable Equity Trust - ClearBridge** <br> **Variable Small Cap Growth Portfolio: Class II**<br> Investment Advisor: Franklin Templeton Fund Adviser, LLC<br> Investment Sub-Advisor: ClearBridge Investments, LLC<br>| 1.06% | 8.97% | -0.42% | 9.11% |
| Equity | &nbsp;&nbsp; **Lincoln Variable Insurance Products Trust - LVIP American** <br> **Century Value Fund: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before April 26, 2024<br> Investment Advisor: Lincoln Financial Investments Corporation<br> Sub-Advisor: American Century Investment Management, Inc.<br>| 0.86%\* | 15.85% | 11.47% | 10.07% |
| Equity | &nbsp;&nbsp; **Lincoln Variable Insurance Products Trust - LVIP JPMorgan** <br> **Mid Cap Value Fund: Standard Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before April 28, 2023<br> Investment Advisor: Lincoln Financial Investments Corporation<br> Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.74% | 4.72% | 9.63% | 8.77% |
| Equity | &nbsp;&nbsp; **MFS® Variable Insurance Trust II - MFS International Growth** <br> **Portfolio: Service Class**<br> Investment Advisor: Massachusetts Financial Services Company<br>| 1.13%\* | 20.81% | 6.80% | 9.60% |
| Equity | &nbsp;&nbsp; **MFS® Variable Insurance Trust II - MFS International Intrinsic** <br> **Equity Portfolio: Service Class (formerly, MFS® Variable** <br> **Insurance Trust II - MFS International Intrinsic Value** <br> **Portfolio: Service Class)**<br> Investment Advisor: Massachusetts Financial Services Company<br>| 1.14%\* | 32.96% | 7.02% | 9.68% |
| Equity | &nbsp;&nbsp; **MFS® Variable Insurance Trust II - MFS Research** <br> **International Portfolio: Service Class**<br> Investment Advisor: Massachusetts Financial Services Company<br>| 1.15%\* | 21.75% | 5.25% | 7.27% |
| Fixed Income | &nbsp;&nbsp; **MFS® Variable Insurance Trust III - MFS Limited Maturity** <br> **Portfolio: Service Class**<br> Investment Advisor: Massachusetts Financial Services Company<br>| 0.73%\* | 5.49% | 2.29% | 2.44% |
| Equity | &nbsp;&nbsp; **MFS® Variable Insurance Trust III - MFS Mid Cap Value** <br> **Portfolio: Service Class**<br> Investment Advisor: Massachusetts Financial Services Company<br>| 1.04%\* | 5.75% | 9.90% | 9.69% |
| Fixed Income | &nbsp;&nbsp; **Morgan Stanley Variable Insurance Fund, Inc. - Emerging** <br> **Markets Debt Portfolio: Class I**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective May 1, 2004<br> Investment Advisor: Morgan Stanley Investment Management Inc.<br> Sub-Advisor: Morgan Stanley Investment Management Limited<br>| 1.10%\* | 15.33% | 2.70% | 4.51% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Allspring** <br> **Discovery Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Allspring Global Investments, LLC<br>| 0.83%\* | 5.91% | -2.09% | 9.67% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BlackRock Equity** <br> **Dividend Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.80%\* | 21.44% | 11.53% | 11.37% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BNY Mellon** <br> **Dynamic U.S. Core Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Newton Investment Management Limited<br>| 0.62%\* | 17.18% | 12.58% | 14.44% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BNY Mellon** <br> **Dynamic U.S. Equity Income: Class I**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective September 11, <br> 2020<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Newton Investment Management Limited<br>| 0.76%\* | 18.63% | 14.64% | 11.72% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BNY Mellon** <br> **Dynamic U.S. Equity Income: Class X**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Newton Investment Management Limited<br>| 0.63%\* | 18.81% | 14.80% | 11.79% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT DoubleLine Total** <br> **Return Tactical Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: DoubleLine Capital LP<br>| 0.98%\* | 7.31% | 0.22% |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Fidelity** <br> **Institutional AM® Emerging Markets Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: FIAM LLC<br>| 1.12%\* | 36.15% | 1.01% | 6.31% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Fidelity** <br> **Institutional AM® Worldwide Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: FIAM LLC<br>| 1.05%\* |  |  |  |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Government** <br> **Bond Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2022<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Nationwide Asset Management, LLC<br>| 0.69%\* | 7.00% | -0.62% | 1.17% |
| Capital Preservation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Government** <br> **Money Market Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Federated Investment Management <br> Company<br>| 0.47% | 3.91% | 2.95% | 1.85% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT GQG US Quality** <br> **Equity Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: GQG Partners LLC<br>| 0.78%\* | 2.14% | 5.52% | 8.68% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT International** <br> **Equity Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Lazard Asset Management LLC<br>| 0.88%\* | 39.29% | 12.79% | 9.94% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT International** <br> **Equity Fund: Class II**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective October 24, 2025<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Lazard Asset Management LLC<br>| 1.13%\* | 38.97% | 12.52% | 9.67% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Invesco Small** <br> **Cap Growth Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Invesco Advisers, Inc.<br>| 1.07% | 16.36% | 4.94% | 11.73% |
| Allocation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Investor** <br> **Destinations Moderate Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br>| 0.97% | 14.42% | 5.67% | 6.92% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT iShares® Fixed** <br> **Income ETF Fund: Class II**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.72%\* | 6.33% | -0.96% |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT iShares® Global** <br> **Equity ETF Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.75%\* | 18.00% | 10.86% |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT J.P. Morgan** <br> **Digital Evolution Strategy Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.96%\* | 32.66% |  |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT J.P. Morgan** <br> **Equity and Options Total Return Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.79% | 16.49% | 9.85% | 11.85% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT J.P. Morgan** <br> **Inflation Managed Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.75%\* |  |  |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT J.P. Morgan** <br> **Large Cap Growth Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: J.P. Morgan Investment Management Inc.<br>| 0.79%\* | 14.12% |  |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Jacobs Levy** <br> **Large Cap Core Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2013<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Jacobs Levy Equity Management, Inc.<br>| 0.77%\* | 11.88% | 11.98% | 13.21% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Jacobs Levy** <br> **Large Cap Growth Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Jacobs Levy Equity Management, Inc.<br>| 0.70%\* | 14.20% | 19.09% | 18.02% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Loomis Core** <br> **Bond Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Loomis, Sayles & Company, L.P.<br>| 0.58% | 6.88% | -0.77% | 2.08% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Loomis Short** <br> **Term Bond Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Loomis, Sayles & Company, L.P.<br>| 0.80% | 5.43% | 1.88% | 2.12% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Loomis Short** <br> **Term High Yield Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Loomis, Sayles & Company, L.P.<br>| 0.87%\* | 5.66% | 3.26% | 5.38% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Mid Cap Index** <br> **Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.41% | 7.05% | 8.70% | 10.28% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Multi-Manager** <br> **Small Company Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. <br> and Invesco Advisers, Inc.<br>| 1.05%\* | 10.35% | 8.62% | 11.00% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT NASDAQ-100** <br> **Index Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.72%\* |  |  |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Putnam** <br> **International Value Fund: Class Z**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Putnam Investment Management, LLC<br>| 1.08%\* | 34.95% | 10.90% | 7.45% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Real Estate Fund:** <br> **Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Wellington Management Company LLP<br>| 0.92%\* | 0.58% | 5.69% | 6.00% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT S&P 500 Index** <br> **Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.24%\* | 17.60% | 14.15% | 14.55% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Small Cap Value** <br> **Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Jacobs Levy Equity Management, Inc.<br>| 1.06%\* | 2.17% | 8.01% | 7.69% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Strategic Income** <br> **Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Amundi Asset Management, US<br>| 0.80% | 7.56% | 5.81% | 5.45% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Victory Mid Cap** <br> **Value Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Victory Capital Management Inc.<br>| 0.96%\* | 2.30% | 7.79% | 7.55% |
| Equity | &nbsp;&nbsp; **Neuberger Berman Advisers Management Trust - Quality** <br> **Equity Portfolio: Class I Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2008<br> Investment Advisor: Neuberger Berman Investment Advisers LLC<br>| 0.87% | 13.74% | 12.83% | 12.94% |
| Equity | &nbsp;&nbsp; **New Age Alpha Variable Funds Trust - NAA Large Growth** <br> **Series**<br> Investment Advisor: New Age Alpha Advisors, LLC<br>| 1.01%\* | 17.02% | 13.89% | 17.04% |
| Equity | &nbsp;&nbsp; **New Age Alpha Variable Funds Trust - NAA World Equity** <br> **Income Series**<br> Investment Advisor: New Age Alpha Advisors, LLC<br>| 1.06%\* | 22.75% | 11.42% | 9.99% |
| Fixed Income | &nbsp;&nbsp; **PIMCO Variable Insurance Trust - International Bond Portfolio** <br> **(U.S. Dollar-Hedged): Advisor Class**<br> Investment Advisor: PIMCO<br>| 1.19% | 3.85% | 0.93% | 2.78% |
| Allocation | &nbsp;&nbsp; **Putnam Variable Trust - Putnam VT George Putnam Balanced** <br> **Fund: Class IB**<br> Investment Advisor: Putnam Investment Management, LLC<br> Investment Sub-Advisor: Franklin Advisers, Inc., Franklin <br> Templeton Investment Management Limited<br>| 0.88% | 13.95% | 8.85% | 10.17% |
| Equity | &nbsp;&nbsp; **Putnam Variable Trust - Putnam VT Large Cap Value Fund:** <br> **Class IB**<br> Investment Advisor: Putnam Investment Management, LLC<br> Investment Sub-Advisor: Franklin Advisers, Inc., Franklin <br> Templeton Investment Management Limited<br>| 0.79% | 20.35% | 15.38% | 13.30% |
| Equity | &nbsp;&nbsp; **Putnam Variable Trust - Putnam VT Sustainable Leaders** <br> **Fund: Class IB**<br> Investment Advisor: Putnam Investment Management, LLC<br> Investment Sub-Advisor: Franklin Advisers, Inc., Franklin <br> Templeton Investment Management Limited<br>| 0.88% | 10.69% | 10.34% | 14.69% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **T. Rowe Price Equity Series, Inc. - T. Rowe Price Health** <br> **Sciences Portfolio: II**<br> Investment Advisor: T. Rowe Price Associates, Inc.<br>| 1.11% | 17.80% | 3.86% | 8.70% |
| Equity | &nbsp;&nbsp; **T. Rowe Price Equity Series, Inc. - T. Rowe Price Mid-Cap** <br> **Growth Portfolio: II**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2026<br> Investment Advisor: T. Rowe Price Associates, Inc.<br> Sub-Advisor: T. Rowe Price Investment Management, Inc.<br>| 1.09% | 3.29% | 3.58% | 9.54% |
| Equity | &nbsp;&nbsp; **VanEck VIP Trust - VanEck VIP Global Resources Fund:** <br> **Class S**<br> Investment Advisor: Van Eck Associates Corporation<br>| 1.32% | 36.17% | 10.24% | 8.06% |
| Equity | &nbsp;&nbsp; **VanEck VIP Trust - VanEck VIP Global Resources Fund:** <br> **Initial Class**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective May 1, 2012<br> Investment Advisor: Van Eck Associates Corporation<br>| 1.08% | 36.48% | 10.51% | 8.33% |
| Equity | &nbsp;&nbsp; **Victory Variable Insurance Funds II - Victory Pioneer Fund** <br> **VCT Portfolio: Class II**<br> Investment Advisor: Victory Capital Management, Inc.<br>| 1.00%\* | 23.08% | 14.69% | 15.47% |
| Equity | &nbsp;&nbsp; **Virtus Variable Insurance Trust - Virtus Duff & Phelps Real** <br> **Estate Securities Series: Class A**<br> Investment Advisor: Virtus Investment Advisers, Inc.<br> Investment Sub-Advisor: Duff & Phelps Investment Management <br> Co., an affiliate of VIA.<br>| 1.10%\* | 0.72% | 6.06% | 5.95% |

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\*

This underlying mutual fund's current expenses reflect a temporary fee reduction.

**Fixed Options** 

The following is a list of fixed options currently available under the contract. To the extent permitted under the contract, Nationwide may change the features of a fixed option, offer new fixed options, and terminate existing fixed options. Nationwide will provide you with written notice before doing so. Depending on the optional benefits chosen, access to a fixed option may not be permitted. See*The Fixed Account* and *Guaranteed Term Options* for additional information.

**Note: If amounts are withdrawn from a Guaranteed Term Option prior to its maturity date, Nationwide will apply a market value adjustment. This may result in a significant reduction in your Contract Value. See *Guaranteed Term Options* and *Market Value Adjustment*.** 

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| | | |
|:---|:---|:---|
| **Name** | **Interest Rate Guarantee Period** | **Minimum Guaranteed Interest Rate** |
| Fixed Account | 1 Year<sup>1</sup> | 1.50%<sup>2</sup> |
| 3-year Guaranteed Term Option<sup>3</sup> | 3 Years | 0.00% |
| 5-year Guaranteed Term Option<sup>3</sup> | 5 Years | 0.00% |
| 7-year Guaranteed Term Option<sup>3</sup> | 7 Years | 0.00% |
| 10-year Guaranteed Term Option<sup>3</sup> | 10 Years | 0.00% |

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<sup>1</sup>

The Fixed Account interest rate guarantee period begins on the date of deposit or transfer and ends on the one-year anniversary of the deposit or transfer. The interest rate guarantee period may last for up to three months beyond the one-year anniversary because guaranteed terms end on the last day of a calendar quarter. As a result, an interest rate guarantee period may last up to 15 months.

<sup>2</sup>

Contracts may be subject to a higher minimum guaranteed interest rate based on the date the contract was issued and/or state of issue.

<sup>3</sup>

Effective May 1, 2025, Guaranteed Term Options are not available to receive new allocations, transfers, or renewals.

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Nationwide reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guarantee period. Nationwide will provide you with written notice before doing so.

**Income Benefit Investment Options** 

Certain optional benefits restrict how the Contract Owner can invest their Contract Value by limiting the investment options in which the Contract Owner can invest and/or requiring use of a specified asset allocation service. The investment options available under each optional living benefit are chosen by Nationwide based on each investment option's risk characteristics. The permitted investment options are more conservative than those that are not permitted. This helps Nationwide manage its obligation to provide Contract Owners with Lifetime Withdrawals by reducing the likelihood that it will have to make unanticipated payments. By electing an optional living benefit and accepting the limited menu of investment options, Contract Owners may be foregoing investment gains that could otherwise be realized by investing in riskier investment options that are not available under the optional living benefit. Only the investment options shown below are available in connection with the respective optional benefit.

**Capital Preservation Plus Option** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Service Shares <br> This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2008

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Federated Hermes Insurance Series - Federated Hermes Quality Bond Fund II: Service Shares

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2 <br> This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2017

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2 <br> This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2006

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series II This underlying mutual fund is only available in contracts for which good order applications were received before April 30, 2020

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2014

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Janus Aspen Series - Janus Henderson Forty Portfolio: Service Shares

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT J.P. Morgan Equity and Options Total Return Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Loomis Short Term Bond Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: Class I Shares <br> This underlying mutual fund is only available in contracts for which good order applications were received before

May 1, 2012

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**Appendix B: Contract Types and Tax Information**

**Types of Contracts** 

The contracts described in this prospectus are classified according to the tax treatment to which they are subject under the Internal Revenue Code (the "Code"). Following is a general description of the various contract types. Eligibility requirements, tax benefits (if any), limitations, and other features of the contracts will differ depending on contract type.

***Non-Qualified Contracts*** 

A non-qualified contract is a contract that does not qualify for certain tax benefits under the Code, such as deductibility of purchase payments, and which is not an IRA, Roth IRA, SEP IRA, Simple IRA, tax sheltered annuity, or part of a pension plan or employer-sponsored retirement program.

Upon the death of the owner of a non-qualified contract, mandatory distribution requirements are imposed to ensure distribution of the entire balance in the contract within a required period.

Non-qualified contracts that are owned by natural persons allow the deferral of taxation on the income earned in the contract until it is distributed or deemed to be distributed. Non-qualified contracts that are owned by non-natural persons, such as trusts, corporations, and partnerships are generally subject to current income tax on the income earned inside the contract, unless the non-natural person owns the contract as an agent of a natural person.

***Charitable Remainder Trusts*** 

Charitable Remainder Trusts are trusts that meet the requirements of Section 664 of the Code. An annuity that has a Charitable Remainder Trust endorsement is not a Charitable Remainder Trust; the endorsement is merely to facilitate ownership of the contract by a Charitable Remainder Trust. Non-Qualified Contracts that are issued to Charitable Remainder Trusts will differ from other Non-Qualified Contracts in three respects:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Waiver of sales charges. In addition to any sales load waivers included in the contract, Charitable Remainder Trusts may also withdraw the difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the contract value on the day before the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the total amount of purchase payments made to the contract (less an adjustment for amounts surrendered).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Contract ownership at annuitization. On the annuitization date, if the contract owner is a Charitable Remainder Trust, the Charitable Remainder Trust will continue to be the contract owner and the annuitant will NOT become the contract owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Recipient of death benefit proceeds. With respect to the death benefit proceeds, if the contract owner is a Charitable Remainder Trust, the death benefit is payable to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust's right to the death benefit will be void.

While these provisions are intended to facilitate a Charitable Remainder Trust's ownership of this contract, the rules governing Charitable Remainder Trusts are numerous and complex. A Charitable Remainder Trust that is considering purchasing this contract should seek the advice of a qualified tax and/or financial professional prior to purchasing the contract.

***Individual Retirement Annuities (IRAs)*** 

IRAs are contracts that satisfy the provisions of Section 408(b) of the Code, including the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is not transferable by the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the premiums are not fixed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the contract owner is younger than age 50, the annual premium cannot exceed $7,500; if the contract owner is age 50 or older, the annual premium cannot exceed $8,600 (although rollovers of greater amounts from Qualified Plans, Tax Sheltered Annuities, certain 457 governmental plans, and other IRAs can be received);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• certain minimum distribution requirements must be satisfied after the owner attains their "applicable age" as defined in the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the entire interest of the owner in the contract is nonforfeitable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• after the death of the owner, additional distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.

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As used herein, the term "individual retirement plans" shall refer to both individual retirement annuities and individual retirement accounts that are described in Section 408 of the Code.

For further details regarding IRAs, refer to the disclosure statement provided when the IRA was established and the annuity contract's IRA endorsement.

***Roth IRAs*** 

Roth IRA contracts are contracts that satisfy the provisions of Section 408A of the Code, including the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is not transferable by the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the premiums are not fixed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the contract owner is younger than age 50, the annual premium cannot exceed $7,500; if the contract owner is age 50 or older, the annual premium cannot exceed $8,600 (although rollovers of greater amounts from other Roth IRAs and other individual retirement plans can be received);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the entire interest of the owner in the contract is nonforfeitable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• after the death of the owner, certain distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.

For further details regarding Roth IRAs, please refer to the disclosure statement provided when the Roth IRA was established and the annuity contract's IRA endorsement.

***Simplified Employee Pension IRAs (SEP IRA)*** 

A SEP IRA is a written plan established by an employer for the benefit of employees which permits the employer to make contributions to an IRA established for the benefit of each employee.

An employee may make deductible contributions to a SEP IRA subject to the same restrictions and limitations as an IRA. In addition, the employer may make contributions to the SEP IRA, subject to dollar and percentage limitations imposed by both the Code and the written plan.

A SEP IRA plan must satisfy:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• minimum participation rules;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• top-heavy contribution rules;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• nondiscriminatory allocation rules; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• requirements regarding a written allocation formula.

In addition, the plan cannot restrict withdrawals of non-elective contributions, and must restrict withdrawals of elective contributions before March 15th of the following year.

***Simple IRAs*** 

A Simple IRA is an Individual Retirement Annuity that is funded exclusively by a qualified salary reduction arrangement and satisfies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• vesting requirements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• participation requirements; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• administrative requirements.

The funds contributed to a Simple IRA cannot be commingled with funds in other individual retirement plans or SEP IRAs.

A Simple IRA cannot receive rollover distributions except from another Simple IRA.

***Tax Sheltered Annuities*** 

Certain tax-exempt organizations (described in Section 501(c)(3) of the Code) and public school systems may establish a plan under which annuity contracts can be purchased for their employees. These annuity contracts are often referred to as Tax Sheltered Annuities.

Purchase payments made to Tax Sheltered Annuities are excludable from the income of the employee, up to statutory maximum amounts. These amounts should be set forth in the plan adopted by the employer.

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The owner's interest in the contract is nonforfeitable (except for failure to pay premiums) and cannot be transferred.

Final 403(b) Regulations issued by the Internal Revenue Service impose certain restrictions on non-taxable transfers or exchanges of one 403(b) Tax Sheltered Annuity contract for another. Nationwide will no longer issue or accept applications for new and/or in-service transfers to new or existing Nationwide individual 403(b) Tax Sheltered Annuity contracts used for salary reduction plans not subject to ERISA. Nationwide will continue to accept applications and in-service transfers for individual 403(b) Tax Sheltered Annuity contracts used for 403(b) plans that are subject to ERISA and certain state Optional Retirement Plans and/or Programs that have purchased at least one individual annuity contract issued by Nationwide prior to September 25, 2007.

Commencing in 2009, Tax Sheltered Annuities must be issued pursuant to a written plan, and the plan must satisfy various administrative requirements. Check with your employer to ensure that these requirements will be satisfied in a timely manner.

***Investment Only (Qualified Plans)*** 

Contracts that are owned by Qualified Plans are not intended to confer tax benefits on the beneficiaries of the plan; they are used as investment vehicles for the plan. The income tax consequences to the beneficiary of a Qualified Plan are controlled by the operation of the plan, not by operation of the assets in which the plan invests.

Beneficiaries of Qualified Plans should contact their employer and/or trustee of the plan to obtain and review the plan, trust, summary plan description and other documents for the tax and other consequences of being a participant in a Qualified Plan.

**Federal Tax Considerations**

***Federal Income Taxes*** 

The tax consequences of purchasing a contract described in this prospectus will depend on:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the type of contract purchased;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the purposes for which the contract is purchased; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the personal circumstances of individual investors having interests in the contracts.

Existing tax rules are subject to change and may affect individuals differently depending on their situation. Nationwide does not guarantee the tax status of any contracts or any transactions involving the contracts.

The following is a brief summary of some of the federal income tax considerations related to the types of contracts sold in connection with this prospectus. In addition to the federal income tax, distributions from annuity contracts may be subject to state and local income taxes. Nothing in this prospectus should be considered to be tax advice. Purchasers and prospective purchasers of the contract should consult a financial professional, tax advisor, or legal counsel to discuss the taxation and use of the contracts.

***IRAs, SEP IRAs, and Simple IRAs*** 

Distributions from IRAs, SEP IRAs, and Simple IRAs are generally taxed as ordinary income when received. If any of the amounts contributed to the Individual Retirement Annuity was non-deductible for federal income tax purposes, then a portion of each distribution is excludable from income.

The portion of a distribution that is excludable from income is based on the ratio of the amount by which non-deductible purchase payments exceed prior non-taxable distributions to total account balances at the time of the distribution. The owner of an IRA, SEP IRA, or Simple IRA must annually report the amount of non-deductible purchase payments, the amount of any distribution, the amount by which non-deductible purchase payments for all years exceed nontaxable distributions for all years, and the total balance of all IRAs, SEP IRAs, or Simple IRAs. Depending on the circumstance of the owner, all or a portion of the contributions (purchase payments) made to the account may be deducted for federal income tax purposes.

IRAs may receive rollover contributions from other individual retirement accounts, other individual retirement annuities, tax sheltered annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).

When the owner of an IRA attains their applicable age, the IRA owner is required to begin taking certain minimum distributions. In addition, upon the death of the owner of an IRA, the Code imposes mandatory distribution requirements to ensure distribution of the entire contract value within the required statutory period. Due to the Treasury Regulation's valuation rules, the amount used to compute the mandatory distributions may exceed the contract value.

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If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

*One-Rollover-Per-Year Limitation* 

A contract owner can receive a distribution from an IRA and roll it into another IRA within 60 days from the date of the distribution and not have the amount of the distribution included in taxable income. Only one rollover per year from a contract owner's IRA is allowed. The one-year period begins on the date the contract owner receives the IRA distribution, and not on the date the IRA was rolled over.

The one-rollover-per-year limitation applies in the aggregate to all the IRAs that a taxpayer owns. This means that a contract owner cannot make an IRA rollover distribution if, within the previous one-year period, an IRA rollover distribution was taken from any other IRAs owned by the taxpayer. Also, rollovers between an individual's Roth IRAs would prevent a separate rollover between the individual's traditional IRAs within the one-year period, and vice versa.

Direct transfers of IRA funds between IRA trustees are not subject to the one rollover per year limitation because such transfers are not considered rollover distributions. Also, a rollover from a traditional IRA to a Roth IRA (a conversion) is not subject to the one rollover per year limitation, and such a rollover is disregarded in applying the one rollover per year limitation to other rollovers.

***Roth IRAs*** 

Distributions of earnings from Roth IRAs are taxable or nontaxable depending upon whether they are "qualified distributions" or "non-qualified distributions." A "qualified distribution" is nontaxable if it is made after the Roth IRA has satisfied the five-year rule and meets one of the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is made on or after the date on which the contract owner attains age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is made to a beneficiary (or the contract owner's estate) on or after the death of the contract owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is attributable to the contract owner's disability; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is used for expenses attributable to the purchase of a home for a qualified first-time buyer.

The five-year rule is satisfied if a five taxable-year period has passed beginning with the first tax year in which a contribution is made to any Roth IRA established by the owner.

A non-qualified distribution is not includable in gross income to the extent that the distribution, when added to all previous distributions, does not exceed the total amount of contributions made to the Roth IRA. Any non-qualified distribution in excess of total contributions is includable in the contract owner's gross income as ordinary income in the year that it is distributed to the contract owner.

A Roth IRA can receive a rollover from an individual retirement plan or another eligible retirement plan; however, the amount rolled over from the individual retirement plan or other eligible retirement plan to the Roth IRA is required to be included in the owner's federal gross income at the time of the rollover and will be subject to federal income tax. However, a rollover or conversion of an amount from an IRA or eligible retirement plan cannot be recharacterized back to an IRA.

Special rules apply for Roth IRAs that have proceeds received from an individual retirement plan prior to January 1, 1999 if the owner elected the special four-year income averaging provisions that were in effect for 1998.

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

***Tax Sheltered Annuities*** 

Distributions in the form of annuity payments from Tax Sheltered Annuities are generally taxed when received. If nondeductible contributions, otherwise known as the investment in the contract, are made, then a portion of each distribution is excludable from income based on a formula established pursuant to the Code. The formula excludes from income the investment in the contract divided by the number of anticipated payments until the full investment in the contract is recovered. Thereafter all distributions are fully taxable.

A loan from a Tax Sheltered Annuity generally is not considered to be a distribution, and is therefore generally not taxable. However, if the loan is not repaid in accordance with the repayment schedule, the entire balance of the loan would be treated as being in default, and the defaulted amount would be treated as being distributed to the participant as a taxable distribution.

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Tax Sheltered Annuities may receive rollover contributions from Individual Retirement Accounts, Individual Retirement Annuities, other Tax Sheltered Annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

***10% Additional Tax for Early Withdrawal*** 

If distributions of income from an IRA, SEP IRA, Simple IRA, Roth IRA, or Tax Sheltered Annuity are made prior to the date that the owner attains the age of 59½ years, the income is subject to an additional penalty tax of 10% unless an exception applies. (For Simple IRAs, the 10% penalty is increased to 25% if the distribution is made during the 2-year period beginning on the date that the individual first participated in the Simple IRA.) The 10% penalty tax can be avoided if the distribution is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made to a beneficiary on or after the death of the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• attributable to the owner becoming disabled (as defined in the Code);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• part of a series of substantially equal periodic payments made not less frequently than annually for the life (or life expectancy) of the owner, or the joint lives (or joint life expectancies) of the owner and his or her designated beneficiary. Substantially equal periodic payments must continue until the later of reaching age 59½ or five years from the date of the first periodic payment. Modification of payments during that time period will result in retroactive application of the 10% additional penalty tax;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made to the owner after separation from service with his or her employer after age 55 (in the case of a Tax Sheltered Annuity);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• used for qualified higher education expenses; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• used for expenses attributable to the purchase of a home for a qualified first-time buyer.

***Non-Qualified Contracts*** 

*Non-Qualified Contracts - Natural Persons as Contract Owners* 

Generally, the income earned inside a non-qualified annuity contract that is owned by a natural person is not taxable until it is distributed from the contract.

Distributions before the annuitization date are taxable to the contract owner to the extent that the cash value of the contract exceeds the investment in the contract at the time of the distribution. In general, the investment in the contract is equal to the purchase payments made with after-tax dollars reduced by any prior nontaxable distribution. Distributions, for this purpose, include full and partial surrenders, any portion of the contract that is assigned or pledged as collateral for a loan, amounts borrowed from the contract, or any portion of the contract that is transferred by gift. For these purposes, a transfer by gift may occur upon annuitization if the contract owner and the annuitant are not the same individual.

In determining the taxable amount of a distribution that is made prior to the annuitization date, all annuity contracts issued after October 21, 1988 by the same company to the same contract owner during the same calendar year will be treated as one annuity contract.

A special rule applies to distributions from contracts that have investments in the contract that were made prior to August 14, 1982. For those contracts, distributions that are made prior to the annuitization date are treated first as the nontaxable recovery of the investment in the contract as of that date. A distribution in excess of the amount of the investment in the contract as of August 14, 1982, will be treated as taxable income.

With respect to annuity distributions on or after the annuitization date, a portion of each annuity payment is excludable from taxable income. The amount excludable from each annuity payment is determined by multiplying the annuity payment by a fraction which is equal to the contract owner's investment in the contract, divided by the expected return on the contract. Once the entire investment in the contract is recovered, all distributions are fully includable in income. The maximum amount excludable from income is the investment in the contract. If the annuitant dies before the entire investment in the contract has been excluded from income, and as a result of the annuitant's death no more payments are due under the contract, then the unrecovered investment in the contract may be deducted on his or her final tax return.

The Code provides that a portion of a non-qualified annuity contract may be annuitized for either (a) a period of 10 years or greater, or (b) for the life or lives of one or more persons. The portion of the contract annuitized would be treated as if it were a separate annuity contract. This means that an annuitization date can be established for a portion of the annuity

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contract annuitized and the above description of the taxation of annuity distributions after the annuitization date would apply to the portion of the contract that has been annuitized. The investment in the contract is required to be allocated pro rata between the portion of the contract that is annuitized and the portion that is not. All other benefits under the contract (e.g., death benefit) would also be reduced pro rata. For example, if 1/3 of the cash value of the contract were to be annuitized, the death benefit would also be reduced by 1/3.

The Code imposes a penalty tax if a distribution is made before the contract owner reaches age 59½. The amount of the penalty is 10% of the portion of any distribution that is includable in gross income. The penalty tax does not apply if the distribution is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the result of a contract owner's death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the result of a contract owner's disability (as defined in the Code);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• one of a series of substantially equal periodic payments made over the life (or life expectancy) of the contract owner or the joint lives (or joint life expectancies) of the contract owner and the beneficiary selected by the contract owner to receive payment under the annuity payment option selected by the contract owner. Substantially equal periodic payments must continue until the later of reaching age 59½ or five years. Modification of payments during that time period will result in retroactive application of the 10% additional penalty tax; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• is allocable to an investment in the contract before August 14, 1982.

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

*Non-Qualified Contracts - Non-Natural Persons as Contract Owners* 

The previous discussion related to the taxation of non-qualified contracts owned by natural persons (individuals). Different rules (the so-called "non-natural persons" rules) apply if the contract owner is not a natural person.

Generally, contracts owned by corporations, partnerships, trusts, and similar entities are not treated as annuity contracts for most purposes of the Code. Therefore, income earned under a non-qualified contract that is owned by a non-natural person is taxed as ordinary income during the taxable year in which it is earned. Taxation is not deferred, even if the income is not distributed out of the contract. The income is taxable as ordinary income, not capital gain.

The non-natural persons rules do not apply to all entity-owned contracts. For purposes of the non-natural persons rule, a contract that is owned by a non-natural person as an agent of an individual is treated as owned by the individual. This would allow the contract to be treated as an annuity under the Code, allowing tax deferral. However, this exception does not apply when the non-natural person is an employer that holds the contract under a non-qualified deferred compensation arrangement for one or more employees.

The non-natural persons rules also do not apply to contracts that are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• acquired by the estate of a decedent by reason of the death of the decedent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• issued in connection with certain qualified retirement plans and individual retirement plans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• purchased by an employer upon the termination of certain qualified retirement plans; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• immediate annuities within the meaning of Section 72(u) of the Code.

If the annuitant, who is the individual treated as owning the contract, dies before the contract is completely distributed, the balance may be included in the annuitant's gross estate for tax purposes, depending on the obligations that the non-natural owner may have owed to the annuitant.

***Diversification and Investor Control*** 

Code Section 817(h) contains rules on diversification requirements for variable annuity contracts. A variable annuity contract that does not meet these diversification requirements will not be treated as an annuity, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the failure to diversify was inadvertent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the failure is corrected; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a fine is paid to the Internal Revenue Service.

The amount of the fine will be the amount of tax that would have been paid by the contract owner if the income, for the period the contract was not diversified, had been received by the contract owner.

------

If the violation is not corrected, the contract owner will be considered the owner of the underlying securities and will be currently taxed on the earnings of his or her contract. Nationwide believes that the investments underlying this contract meet these diversification requirements.

For a variable contract to receive favorable tax treatment, the life insurance company must be considered the owner of the underlying assets within the separate account that supports the investment options within the contract. If the contract owner is considered to exercise investment control over the separate account assets, the contract owner will be treated as the owner of those assets and not the insurance company. As a result, the income and gain attributed to the separate account assets will be taxed currently to the contract owner. The IRS has issued guidance that the number of investment options available or the number of transfer opportunities available under a variable product may be relevant in determining whether the variable contract owner will be considered the owner of the separate account assets. Should the Treasury Secretary issue additional rules or regulations that would limit the extent to which a contract owner may direct their investments of particular underlying investment options without being treated as owner of the separate account assets, then Nationwide will take whatever steps are available to remain in compliance.

Based on the above, we believe that the contract qualifies as an annuity contract for federal income tax purposes.

***Exchanges*** 

As a general rule, federal income tax law treats an exchange of property in the same manner as a taxable sale of the property. However, pursuant to Section 1035 of the Code, an annuity contract may be exchanged tax-free for another annuity contract. If the exchange includes the receipt of other property, such as cash, in addition to another annuity contract, special rules may cause a portion of the transaction to be taxable to the extent of the value of the other property.

*Tax Treatment of a Partial 1035 Exchange With Subsequent Withdrawal* 

Partial exchanges may be treated as a tax-free exchange under Code Section 1035. IRS Rev. Proc. 2011-38 addresses the income tax consequences of the direct transfer of a portion of the cash value of an annuity contract in exchange for the issuance of a second annuity contract (a partial exchange). A direct transfer that satisfies the revenue procedure will be treated as a tax-free exchange under Section 1035 of the Code if, for a period of at least 180 days from the date of the direct transfer, there are no distributions or surrenders from either annuity contract involved in the exchange. In addition, the 180-day period will be deemed to have been satisfied with respect to amounts received as an annuity for a period of 10 years or more, or as an annuity for the life of one or more persons. The taxation of distributions (other than distributions described in the immediately preceding sentence) received from either contract within the 180-day period will be determined using general tax principles. For example, they could be treated as taxable "boot" in an otherwise tax-free exchange, or as a distribution from the new contract. Please discuss any tax consequences concerning any contemplated or completed transactions with a professional tax advisor.

***Additional Medicare Tax*** 

Section 1411 of the Code imposes a surtax of 3.8% on certain net investment income received by individuals and certain trusts and estates. The surtax is imposed on the lesser of (a) net investment income or (b) the excess of the modified adjusted gross income over a threshold amount. For individuals, the threshold amount is $250,000 (married filing jointly); $125,000 (married filing separately); or $200,000 (other individuals). The threshold for estates and trusts is $16,000.

Modified adjusted gross income is equal to adjusted gross income with several modifications; consult with a qualified tax advisor regarding how to determine modified adjusted gross income for purposes of determining the applicability of the surtax.

Net investment income includes, but is not limited to, interest, dividends, capital gains, rent and royalty income, and income from nonqualified annuities. Net investment income does not include, among other things, distributions from certain qualified plans (such as IRAs, Roth IRAs, and plans described in Code Sections 401(a), 401(k), 403(a), 403(b) or 457(b)); however, such distributions, to the extent that they are includible in income for federal income tax purposes, are includible in modified adjusted gross income.

**Required Distributions**

The Code requires that certain distributions be made from the contracts issued in conjunction with this prospectus. Following is an overview of the required distribution rules applicable to each type of contract. Consult a qualified tax or financial professional for more specific required distribution information.

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***Required Distributions – General Information*** 

In general, depending on the type of contract, the Code requires that minimum distributions begin during the contract owner's lifetime. In addition, the Code requires that upon the death of the contract owner, minimum distributions must be made to the contract owner's beneficiary. A beneficiary is an individual or other entity that the contract owner designates to receive death proceeds upon the contract owner's death. The distribution rules in the Code make a distinction between "beneficiary" and "designated beneficiary" when determining the life expectancy that may be used for payments that are made after the death of the contract owner from IRAs, SEP IRAs, Simple IRAs, Roth IRAs, Tax Sheltered Annuities, and non-qualified annuity contracts. A designated beneficiary is a natural person (individual) who is designated by the contract owner as the beneficiary under the contract. Non-natural beneficiaries (e.g. charities, estates, or certain trusts) are not designated beneficiaries for the purpose of required distributions and the life expectancy of such a beneficiary is zero.

Life expectancies and joint life expectancies will be determined in accordance with the relevant guidance provided by the Internal Revenue Service and the Treasury Department, including but not limited to Treasury Regulation 1.72-9 and Treasury Regulation 1.401(a)(9)-9.

Required distributions paid upon the death of the contract owner are paid to the beneficiary or beneficiaries stipulated by the contract owner. How quickly the distributions must be made may be determined with respect to the life expectancies of the beneficiaries. For non-qualified contracts, the beneficiaries used in the determination of the distribution period are those in effect on the date of the contract owner's death. For contracts other than non-qualified contracts, the beneficiaries used in the determination of the distribution period do not have to be determined until September 30 of the year following the contract owner's death. Any beneficiary that is not a designated beneficiary has a life expectancy of zero.

***Required Distributions for Non-Qualified Contracts*** 

Code Section 72(s) requires Nationwide to make certain minimum distributions when a contract owner dies. The following distributions will be made in accordance with the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If any contract owner dies on or after the annuitization date and before the entire interest in the contract has been distributed, then the remaining interest must be distributed at least as rapidly as the distribution method in effect on the contract owner's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If any contract owner dies before the annuitization date, then the entire interest in the contract (consisting of either the death benefit or the contract value reduced by charges set forth elsewhere in the contract) must be distributed within five years of the contract owner's death, provided however:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any interest payable to or for the benefit of a designated beneficiary may be distributed over the life of the designated beneficiary or over a period not longer than the life expectancy of the designated beneficiary. Payments must begin within one year of the contract owner's death unless otherwise permitted by federal income tax regulations; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the designated beneficiary is the surviving spouse of the deceased contract owner, the spouse can choose to become the contract owner instead of receiving a death benefit. Any distributions required under these distribution rules will be made upon that spouse's death.

In the event that the contract owner is not a natural person (e.g., a trust or corporation), but is acting as an agent for a natural person, for purposes of these distribution provisions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the death of the annuitant will be treated as the death of a contract owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any change of annuitant will be treated as the death of a contract owner; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in either case, the appropriate distribution will be made upon the death or change, as the case may be.

These distribution provisions do not apply to any contract exempt from Section 72(s) of the Code by reason of Section 72(s)(5) or any other law or rule.

The Code does not require that minimum distributions during the contract owner's lifetime.

***Required Distributions for Tax Sheltered Annuities, IRAs, SEP IRAs, Simple IRAs, and Roth IRAs*** 

*<u>Required Distributions During the Life of the Contract Owner</u>* 

------

Distributions from a Tax Sheltered Annuity, IRA, SEP IRA or Simple IRA must begin no later than the required beginning date which is April 1 of the calendar year following the calendar year in which the contract owner reaches their applicable age. The applicable age is:

---

| | |
|:---|:---|
| **If the individual was born…** | **The applicable age is…** |
| Before July 1, 1949 | &nbsp;&nbsp; 70½ |
| After June 30, 1949 and before 1951 | &nbsp;&nbsp; 72 |
| After 1950 and before 1960 | &nbsp;&nbsp; 73 |
| After 1959 | &nbsp;&nbsp; 75 |

---

Distributions may be paid in a lump sum or in substantially equal payments over:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the life of the contract owner or the joint lives of the contract owner and the contract owner's designated beneficiary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a period not longer than the period determined under the table in Treasury Regulation 1.401(a)(9)-9, which is the deemed joint life expectancy of the contract owner and a person 10 years younger than the contract owner. If the designated beneficiary is the spouse of the contract owner, the period may not exceed the longer of the period determined under such table or the joint life expectancy of the contract owner and the contract owner's spouse, determined in accordance with Treasury Regulation 1.401(a)(9)-9.

For Tax Sheltered Annuities, required distributions do not have to be withdrawn from this contract if they are being withdrawn from another Tax Sheltered Annuity of the contract owner.

For IRAs, SEP IRAs, and Simple IRAs, required distributions do not have to be withdrawn from this contract if they are being withdrawn from another IRA, SEP IRA, or Simple IRA of the contract owner.

The rules for Roth IRAs do not require distributions to begin during the contract owner's lifetime, therefore, the required beginning date is not applicable to Roth IRAs.

*<u>Required Distributions Upon Death of a Contract Owner</u>* 

For death of a contract owner before January 1, 2020, please consult your tax advisor or legal counsel regarding the post-death minimum distribution rules that apply. If the contract owner dies on or after January 1, 2020, and the designated beneficiary is not an eligible designated beneficiary as defined under Code Section 401(a)(9), then the entire balance of the contract must be distributed by December 31<sup>st</sup> of the tenth year following the contract owner's death. This 10-year post-death distribution period applies regardless of whether the contract owner dies before or after the contract owner's required beginning date. Where a contract owner dies after their required beginning date, a designated beneficiary who is not an eligible designated beneficiary must continue to take annual distributions during the 10-year post-death distribution period, based generally on their life expectancy, with the entire balance of the contract required to be distributed by the end of the 10-year post-death period. Please discuss with your tax advisor about the impact this may have on your situation.

In the case of an eligible designated beneficiary, which includes (1) the contract owner's surviving spouse, (2) a minor child of the contract owner, (3) a disabled individual, (4) a chronically ill individual, or (5) an individual not more than 10 years younger than the contract owner, the entire balance of the contract can be distributed over a period not exceeding the life or life expectancy of the eligible designated beneficiary provided that distributions begin by December 31<sup>st</sup> of the calendar year after the calendar year of the contract owner's death. If an eligible designated beneficiary dies before the entire interest is distributed, the remaining interest must be distributed by December 31st of the tenth year following the eligible designated beneficiary's death.

A distribution in the form of annuity payments (an annuitization) that began on or after January 1, 2020, while the contract owner was alive may need to be commuted or modified after the contract owner's death in order to comply with the post-death distribution requirements. However, distributions in the form of annuity payments (an annuitization) that began prior to January 1, 2020, while the contract owner was alive, can continue under that method after the death the contract owner without modification.

In addition, a beneficiary who is not a designated beneficiary, such as a charity, estate, or trust, must withdraw the entire account balance by December 31<sup>st</sup> of the fifth year following the contract owner's death.

Regardless of whether the contract owner dies before, or on or after January 1, 2020, a designated beneficiary who is the surviving spouse of the deceased contract owner may choose to become the contract owner. Any distributions required under these distribution rules will be made upon the surviving spouse's death.

------

If the above distribution requirements are not met, a penalty tax of 25% is levied on the difference between the amount that should have been distributed for that year and the amount that actually was distributed for that year. The penalty tax is reduced to 10% if the required distribution not taken is distributed within a "correction window" as defined under the Code.

Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.

**Other Considerations**

***Same-Sex Marriages, Domestic Partnership, and Other Similar Relationships*** 

The Treasury issued final regulations that address what relationships are considered marriages for federal tax purposes. The final regulation's definition of a marriage reflects the United States Supreme Court holdings in Windsor and Obergefell, as well as Rev. Proc. 2017-13.

The final regulations define the terms "spouse," "husband," "wife," and "husband and wife" to be gender neutral so that these terms can apply equally to same sex couples and opposite sex couples. In addition, the regulations adopt the "place of celebration" rule to determine marital status for federal tax purposes. Therefore, a marriage of two individuals is recognized for federal tax purposes if the marriage is recognized by a state, possession, or territory of the US in which the marriage was entered into, regardless of the couple's place of domicile.

Consistent with IRS Rev. Proc. 2013-17, the final regulations provide that relationships entered into as civil unions or registered domestic partnerships that are not denominated as marriages under state law are not marriages for federal tax purposes. Therefore, the favorable income-tax deferral options afforded by federal tax law to a married spouse under Code Sections 72 and 401(a)(9) are not available to individuals who have entered into these formal relationships.

***Withholding*** 

The taxable portion of a distribution from a contract is subject to federal income tax. Nationwide is required to withhold the tax from the distributions unless the contract owner requests otherwise. Under some circumstances, the Code will not permit contract owners to waive withholding. Such circumstances include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the payee does not provide Nationwide with a taxpayer identification number; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if Nationwide receives notice from the Internal Revenue Service that the taxpayer identification number furnished by the payee is incorrect.

If a contract owner is prohibited from waiving withholding, as described above, the portion of the distribution that represents income will be subject to withholding rates established by Section 3405 of the Code.

If the distribution is from a Tax Sheltered Annuity, it will be subject to mandatory 20% withholding that cannot be waived, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the distribution is made directly to another Tax Sheltered Annuity, qualified pension or profit-sharing plan described in Section 401(a), an eligible deferred compensation plan described in Section 457(b) which is maintained by an eligible employer described in section 457(e)(1)(A) or individual retirement plan; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the distribution satisfies the minimum distribution requirements imposed by the Code.

***Non-Resident Aliens*** 

Generally, the taxable portion of a distribution from a contract to a non-resident alien is subject to federal income tax at a rate of 30% of the amount of income that is distributed.

Nationwide is required to withhold this amount and send it to the Internal Revenue Service. Some distributions to non-resident aliens may be subject to a lower (or no) tax if a treaty applies. In order to obtain the benefits of such a treaty, the non-resident alien must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) provide Nationwide with a properly completed withholding certificate claiming the treaty benefit of a lower tax rate or exemption from tax; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) provide Nationwide with an individual taxpayer identification number.

If the non-resident alien does not meet the above conditions, Nationwide will withhold 30% of income from the distribution.

Another exemption from the 30% withholding rate is available if the non-resident alien provides Nationwide with sufficient evidence that:

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the distribution is connected to the non-resident alien's conduct of business in the United States;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the distribution is includable in the non-resident alien's gross income for United States federal income tax purposes; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) provide Nationwide with a properly completed withholding certificate claiming the exemption.

Note that for the preceding exemption, the distributions would be subject to the same withholding rules that are applicable to payments to United States persons.

This prospectus does not address any tax matters that may arise by reason of application of the laws of a non-resident alien's country of citizenship and/or country of residence. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the applicability of laws of those jurisdictions to the purchase or ownership of a contract.

***FATCA*** 

Under Sections 1471 through 1474 of the Internal Revenue Code (commonly referred to as FATCA), distributions from a contract to a foreign financial institution or to a nonfinancial foreign entity, each as described by FATCA, may be subject to United States tax withholding at a flat rate equal to 30% of the taxable amount of the distribution, irrespective of the status of any beneficial owner of the contract or of the distribution. Nationwide may require a contract owner to provide certain information or documentation (e.g., Form W-9 or Form W-8BEN) to determine its withholding requirements under FATCA.

***Federal Estate, Gift and Generation Skipping Transfer Taxes*** 

The following transfers may be considered a gift for federal gift tax purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a transfer of the contract from one contract owner to another; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a distribution to someone other than a contract owner.

Upon the contract owner's death, the value of the contract may be subject to estate taxes, even if all or a portion of the value is also subject to federal income taxes.

Section 2612 of the Code may require Nationwide to determine whether a death benefit or other distribution is a "direct skip" and the amount of the resulting generation skipping transfer tax, if any. A direct skip is when property is transferred to, or a death benefit or other distribution is made to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) an individual who is two or more generations younger than the contract owner; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) certain trusts, as described in Section 2613 of the Code (generally, trusts that have no beneficiaries who are not two or more generations younger than the contract owner).

If the contract owner is not an individual, then for this purpose only, "contract owner" refers to any person:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• who would be required to include the contract, death benefit, distribution, or other payment in his or her federal gross estate at his or her death; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• who is required to report the transfer of the contract, death benefit, distribution, or other payment for federal gift tax purposes.

If a payment is subject to the generation skipping transfer tax, Nationwide may be required to deduct the amount of the transfer tax from the death benefit, distribution or other payment, and remit it directly to the Internal Revenue Service.

***Charge for Tax*** 

Nationwide is not required to maintain a capital gain reserve liability on non-qualified contracts. If tax laws change requiring a reserve, Nationwide may implement and adjust a tax charge.

**State Taxation** 

The tax rules across the various states and localities are not uniform and therefore are not discussed in this prospectus. Tax rules that may apply to contracts issued in U.S. territories such as Puerto Rico and Guam are also not discussed. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.

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**Appendix C: Standard Death Benefit (Five-Year Reset Death Benefit) Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the Standard Death Benefit (Five-Year Reset Death Benefit) is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1991 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $106678 |
| 01-01-1996 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $90326 |
| 01-01-2001 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $98267 |
| 03-01-2001 | Annuitant's 86th birthday | n/a | $98555 |
| 01-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $97113 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $97,113

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $98,267

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**Appendix D: One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1994 | Contract Anniversary | n/a | $123362 |
| 03-01-1996 | Annuitant's 86th birthday | n/a | $111026 |
| 02-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $119368 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $119,368

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $123,362

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**Appendix E: One-Year Step Up Death Benefit Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the One-Year Step Up Death Benefit Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1994 | Contract Anniversary | n/a | $123362 |
| 03-01-1996 | Annuitant's 86th birthday | n/a | $111026 |
| 02-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $119368 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $119,368

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $123,362

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**Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% compound interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 02-14-1988 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $25000 | $133666 |
| 07-28-1996 | Partial Withdrawal | $10000 | $176202 |
| 09-30-2004 | Annuitant's 86th birthday | n/a | $242807 |
| 03-01-2005 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $11000 | $257803 |
| 05-15-2007 | Partial Withdrawal | $7000 | $274079 |
| 04-18-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $295602 |

---

\* The Contract Value shown assumes a 4% net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $295,602

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; $126,067

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value $252,134

**Conclusion** 

Death Benefit = 295,602

------

**Appendix G: 5% Enhanced Death Benefit Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the 5% Enhanced Death Benefit Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% simple interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 02-14-1988 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $25000 | $133666 |
| 07-28-1996 | Partial Withdrawal | $10000 | $176202 |
| 09-30-2004 | Annuitant's 86th birthday | n/a | $242807 |
| 03-01-2005 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $11000 | $257803 |
| 05-15-2007 | Partial Withdrawal | $7000 | $274079 |
| 04-18-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $295602 |

---

\* The Contract Value shown assumes a 4% net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value as of the date that Nationwide receives all the information necessary to pay the death benefit; $295,602

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value $252,134

**Conclusion** 

Death Benefit = 295,602

------

**Appendix H: Financial Intermediary Variations**

Some broker-dealers that have entered into selling agreements with Nationwide (or an affiliate) to sell this contract impose restrictions on their financial professionals that prohibit or limit the recommendation of specific features, benefits, and investment options that are described in this prospectus. Those restrictions are made by the broker-dealer and may or may not be known to Nationwide. Currently, Nationwide is not aware of any such restrictions; however, this conclusion is based only on information that Nationwide could obtain without unreasonable effort or expense and does not reflect restrictions the knowledge of which rests peculiarly with unaffiliated broker-dealers. **Applicants/Contract Owners should discuss broker-dealer restrictions on features, benefits, and investment options directly with their financial professional.**

------

**Outside back cover page** 

The Statement of Additional Information contains additional information about the Variable Account. To obtain a free copy of the Statement of Additional Information, request other information about the contract, or to make any other service requests, contact Nationwide at 1-800-848-6331 or by one of the other methods described in *Contacting the Service Center*.

The Statement of Additional Information has been filed with the SEC and is incorporated by reference into this prospectus. The SAI is also available at https://nationwide.onlineprospectus.net/NW/C000024730NW/index.php?ctype=product_sai. This prospectus is available at https://nationwide.onlineprospectus.net/NW/C000024730NW/index.php?ctype=product_prospectus.

Reports and other information about the Variable Account are available on the SEC's website at http://www.sec.gov. Copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

SEC Contract Identifier: C000024730

------

**The BB&T Future Annuity**<sup>®</sup>

**Individual Modified Single Premium Deferred Variable Annuity Contracts** 

Issued by

**Nationwide Life Insurance Company** 

through its

**Nationwide Variable Account-9** 

The date of this prospectus is May 1, 2026.

This prospectus contains important information about the contracts that should be understood before investing. Read this prospectus carefully and keep it for future reference. The contract described in this prospectus is no longer available for purchase.

Variable annuities are complex investment products and involve risks, including the potential loss of principal. The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals under the contract could result in Contingent Deferred Sales Charges, taxes, and tax penalties.

Variable annuities have unique benefits and advantages that may be particularly useful in meeting long-term savings and retirement needs. There are costs and charges associated with these benefits and advantages - costs and charges that are different, or do not exist at all, within other investment products. With help from financial professionals, investors are encouraged to compare and contrast the costs and benefits of the variable annuity described in this prospectus against those of other investment products, especially other variable annuity and variable life insurance products offered by Nationwide and its affiliates. Nationwide offers a wide array of such products, many with different charges, benefit features, and investment options. This process of comparison and analysis should aid in determining whether the purchase of the contract described in this prospectus is consistent with the purchaser's investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and other personal characteristics and needs.

Variable annuities are not insured by the Federal Deposit Insurance Corporation or any other federal government agency, and are not deposits of, guaranteed by, or insured by the depository institution where offered or any of its affiliates. The SEC has not approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. Additional information about certain investment products, including variable annuities, has been prepared by the SEC's staff and is available at Investor.gov.

The investment options available under the contract consist of Sub-Accounts that invest in underlying mutual funds, which offer a variable rate of return, a Fixed Account, which offers a fixed rate of return, and Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025), which offer an enhanced rate of return subject to a market value adjustment. Additional information about the investment options is available in *Appendix A: Investment Options Available Under the Contract.* <br>

This contract contains features that apply credits to the Contract Value. The benefit of the credits may be more than offset by the additional fees that the Contract Owner will pay in connection with the credits. A contract without credits may cost less. Additionally, with respect to the Extra Value Option, the cost of electing the option and the recapture of the credits (in the event of a withdrawal) could exceed any benefit of receiving the Extra Value Option credits.

**The availability of investment options, contract benefits, or other contract features described in this prospectus may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations* for additional information).**

**Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract and decide if they want to keep it or cancel it. This right is referred to as a "free look" right. The length of this time period depends on state law and may vary depending on whether the purchase is a replacement of another annuity contract. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date (see *Right to Examine and Cancel* and *Contacting the Service Center*).**

**If the Contract Owner elects to cancel the contract pursuant to the free look provision, where required by law, Nationwide will return the greater of the Contract Value or the amount of purchase payment(s) applied during the free look period, less any Extra Value Option credits, withdrawals from the contract, and applicable federal and** 

------

**state income tax withholding. Otherwise, Nationwide will return the Contract Value, less any Extra Value Option credits, withdrawals from the contract, and applicable federal and state income tax withholding (see *Right to Examine and Cancel*).**

All guarantees under the contract are subject to Nationwide's creditworthiness and claims-paying ability.

------

**Glossary of Special Terms** 

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Accumulation Unit** – An accounting unit of measure used to calculate the Contract Value allocated to the Variable <br> Account before the Annuitization Date.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Annuitant** – The person(s) whose length of life determines how long annuity payments are paid. The Annuitant must <br> be living on the date the contract is issued.<br>|
| **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. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Co-Annuitant** – The person designated by the Contract Owner to receive the benefit associated with the Spousal <br> Protection Feature.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Contingent Annuitant** – The individual who becomes the Annuitant if the Annuitant dies before the Annuitization <br> Date.<br>|
| **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. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Contract Value** – The value of all Accumulation Units in a contract plus any amount held in the Fixed Account, the <br> GTOs, and the collateral fixed account.<br>|
| **Contract Year** – Each year the contract is in force beginning with the date the contract is issued. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Daily Net Assets** – A figure that is calculated at the end of each Valuation Date and represents the sum of all the <br> Contract Owners interests in the Sub-Accounts after the deduction of underlying mutual fund expenses.<br>|
| **ERISA** – The Employee Retirement Income Security Act of 1974, as amended. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Fixed Account** – An investment option that is funded by Nationwide's General Account. Amounts allocated to the <br> Fixed Account will receive periodic interest subject to a guaranteed minimum crediting rate.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **General Account** – All assets of Nationwide other than those of the Variable Account or in other separate accounts of <br> Nationwide.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Guaranteed Term Options ("GTOs")** – Investment options that provide a guaranteed fixed interest rate paid over <br> specific term duration and contain a market value adjustment feature. Guaranteed Term Options are referred to as <br> Target Term Options in some states.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Individual Retirement Account** – An account that qualifies for favorable tax treatment under Section 408(a) of the <br> Internal Revenue Code, but does not include Roth IRAs.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Individual Retirement Annuity or IRA** – An annuity contract that qualifies for favorable tax treatment under Section <br> 408(b) of the Internal Revenue Code, but does not include Roth IRAs or Simple IRAs.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Investment-Only Contract** – A contract purchased by a qualified pension, profit-sharing, or stock bonus plan as <br> defined by Section 401(a) of the Internal Revenue Code.<br>|
| **Nationwide** – Nationwide Life Insurance Company. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net Asset Value** – The value of one share of an underlying mutual fund at the close of regular trading on the New <br> York Stock Exchange.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Non-Qualified Contract** – A contract which does not qualify for favorable tax treatment as a Qualified Plan, IRA, Roth <br> IRA, SEP IRA, Simple IRA, or Tax Sheltered Annuity.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Qualified Plan** – A retirement plan that receives favorable tax treatment under Section 401 of the Internal Revenue <br> Code, including Investment-Only Contracts. In this prospectus, all provisions applicable to Qualified Plans also apply <br> to Investment-Only Contracts unless specifically stated otherwise.<br>|

---

------

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Roth IRA** – An annuity contract that qualifies for favorable tax treatment under Section 408A of the Internal Revenue <br> Code.<br>|
| **SEC** – Securities and Exchange Commission. |
| &nbsp;&nbsp;&nbsp;&nbsp; **SEP IRA** – An annuity contract which qualifies for favorable tax treatment under Section 408(k) of the Internal <br> Revenue Code.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Service Center** – The department of Nationwide responsible for receiving all service and transaction requests relating <br> to the contract. For service and transaction requests submitted other than by telephone (including fax requests), the <br> Service Center is Nationwide's mail and document processing facility. For service and transaction requests <br> communicated by telephone, the Service Center is Nationwide's operations processing facility. Information on how to <br> contact the Service Center is in the *Contacting the Service Center* provision.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Simple IRA** – An annuity contract which qualifies for favorable tax treatment under Section 408(p) of the Internal <br> Revenue Code.<br>|
| **Sub-Accounts** – Divisions of the Variable Account, each of which invests in a single underlying mutual fund. |
| &nbsp;&nbsp;&nbsp;&nbsp; **Target Term Option** – Investment options that are, in all material respects, the same as Guaranteed Term Options. All <br> references in this prospectus to Guaranteed Term Options will also mean Target Term Options (in applicable <br> jurisdictions).<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Tax Sheltered Annuity** – An annuity that qualifies for favorable tax treatment under Section 403(b) of the Internal <br> Revenue Code.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Valuation Date** – Each day the New York Stock Exchange is open for business or any other day during which there is <br> a sufficient degree of trading such that the current Net Asset Value of the underlying mutual fund shares might be <br> materially affected. Values of the Variable Account are determined as of the close of regular trading on the New <br> York Stock Exchange, which generally closes at 4:00 p.m. EST.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Valuation Period** – The period of time commencing at the close of a Valuation Date and ending at the close of <br> regular trading on the New York Stock Exchange for the next succeeding Valuation Date.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; **Variable Account** – Nationwide Variable Account-9, a separate account that Nationwide established to hold Contract <br> Owner assets allocated to variable investment options. The Variable Account is divided into Sub-Accounts, each of <br> which invests in a separate underlying mutual fund.<br>|

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **Page** |
| **[Glossary of Special Terms](#xx_f118cb91-f127-46c7-a94e-d04b1d173986_1)** | &nbsp;&nbsp; 3 |
| **[Overview of the Contract](#xx_56ece81f-7c48-4017-a193-ee4da7b33997_1)** | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Purpose of the Contract](#xx_56ece81f-7c48-4017-a193-ee4da7b33997_1) | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Phases of the Contract](#xx_56ece81f-7c48-4017-a193-ee4da7b33997_1) | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Features](#xx_56ece81f-7c48-4017-a193-ee4da7b33997_1) | &nbsp;&nbsp; 8 |
| **[Important Information You Should Consider About the Contract](#xx_e2a3295d-d5be-432a-ab7c-4c1f568c37c4_1)** | &nbsp;&nbsp; 11 |
| **[Fee Table](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_1)** | &nbsp;&nbsp; 14 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Example](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_3) | &nbsp;&nbsp; 16 |
| **[Principal Risks](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_3)** | &nbsp;&nbsp; 16 |
| **[Nationwide and the Variable Account](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_5)** | &nbsp;&nbsp; 18 |
| **[Investment Options](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_6)** | &nbsp;&nbsp; 19 |
| &nbsp;&nbsp;&nbsp;&nbsp; [The Sub-Accounts and Underlying Mutual Funds](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_6) | &nbsp;&nbsp; 19 |
| &nbsp;&nbsp;&nbsp;&nbsp; [The Fixed Account](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_7) | &nbsp;&nbsp; 20 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Term Options](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_9) | &nbsp;&nbsp; 22 |
| **[Contacting the Service Center](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_10)** | &nbsp;&nbsp; 23 |
| **[Charges and Adjustments](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_10)** | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Mortality and Expense Risk Charge](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_10) | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Deferred Sales Charge](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_10) | &nbsp;&nbsp; 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Premium Taxes](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Loan Processing Fee and Loan Interest Charge](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reduced Purchase Payment Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Five Year CDSC Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Additional Withdrawal Without Charge and Disability Waiver](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_12) | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; [10 Year and Disability Waiver](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Hardship Waiver](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Step Up Death Benefit Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [5% Enhanced Death Benefit Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_13) | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Minimum Income Benefit Options](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Extra Value Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary Protector Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Capital Preservation Plus Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Removal of Variable Account Charges](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_14) | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Fund Charges](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_15) | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Market Value Adjustment](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_15) | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Profitability](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_16) | &nbsp;&nbsp; 29 |
| **[The Contract in General](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_16)** | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Types of Contracts Issued](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_16) | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Minimum Initial and Subsequent Purchase Payments](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_16) | &nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Dollar Limit Restrictions](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Money Laundering](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Replacements](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contestability](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Payments to Minors](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Misuse](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide's General Account Obligations](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_17) | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contractual Guarantees](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reservation of Rights](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Distribution, Promotional, and Sales Expenses](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Fund Service Fee Payments](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_18) | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Treatment of Unclaimed Property](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_20) | &nbsp;&nbsp; 33 |
| **[Benefits Under the Contract](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_20)** | &nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Standard Benefits Table](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_20) | &nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Optional Benefits Table](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_21) | &nbsp;&nbsp; 34 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Standard Death Benefit (Five-Year Reset Death Benefit)](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_24) | &nbsp;&nbsp; 37 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Reduced Purchase Payment Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_25) | &nbsp;&nbsp; 38 |

---

------

**Table of Contents (continued)**

---

| | |
|:---|:---|
|  | **Page** |
| &nbsp;&nbsp;&nbsp;&nbsp; [Five Year CDSC Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_25) | &nbsp;&nbsp; 38 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Additional Withdrawal Without Charge and Disability Waiver](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_26) | &nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp;&nbsp; [10 Year and Disability Waiver](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_26) | &nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Hardship Waiver](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp; [One-Year Step Up Death Benefit Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_27) | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_28)<br> [Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_28)<br>| &nbsp;&nbsp; 41 |
| &nbsp;&nbsp;&nbsp;&nbsp; [5% Enhanced Death Benefit Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_29) | &nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Spousal Protection Feature](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_29) | &nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Minimum Income Benefit Options](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_30) | &nbsp;&nbsp; 43 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Extra Value Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_32) | &nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary Protector Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_33) | &nbsp;&nbsp; 46 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Capital Preservation Plus Option](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_34) | &nbsp;&nbsp; 47 |
| **[Ownership and Interests in the Contract](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_37)** | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contract Owner](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Joint Owner](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Owner](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_37) | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitant](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Co-Annuitant](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Contingent Annuitant](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Joint Annuitant](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary and Contingent Beneficiary](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Changes to the Parties to the Contract](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_38) | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Community Property States](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_39) | &nbsp;&nbsp; 52 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Assignment](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_39) | &nbsp;&nbsp; 52 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Beneficially Owned Contracts](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_40) | &nbsp;&nbsp; 53 |
| **[Operation of the Contract](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_40)** | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Pricing](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_40) | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Application and Allocation of Purchase Payments](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_40) | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Determining the Contract Value](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_41) | &nbsp;&nbsp; 54 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfer Requests](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_42) | &nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfers Prior to Annuitization](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_42) | &nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfers After Annuitization](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_43) | &nbsp;&nbsp; 56 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Transfer Restrictions](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_43) | &nbsp;&nbsp; 56 |
| **[Right to Examine and Cancel](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_45)** | &nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Allocation of Purchase Payments during Free Look Period](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_45) | &nbsp;&nbsp; 58 |
| **[Surrender/Withdrawal Prior to Annuitization](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_45)** | &nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Partial Withdrawals](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_46) | &nbsp;&nbsp; 59 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Full Surrenders](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_46) | &nbsp;&nbsp; 59 |
| **[Surrender/Withdrawal After Annuitization](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_47)** | &nbsp;&nbsp; 60 |
| **[Withdrawals Under Certain Plan Types](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_47)** | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals Under a Texas Optional Retirement Program or a Louisiana Optional Retirement Plan](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_47) | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals Under a Tax Sheltered Annuity](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_47) | &nbsp;&nbsp; 60 |
| **[Loan Privilege](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_48)** | &nbsp;&nbsp; 61 |
| **[Contract Owner Services](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_51)** | &nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Asset Rebalancing](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_51) | &nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Dollar Cost Averaging](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_52) | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Enhanced Fixed Account Dollar Cost Averaging](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_52) | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Systematic Withdrawals](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_53) | &nbsp;&nbsp; 66 |
| **[Death Benefit](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_54)** | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Contract Owner](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Annuitant](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death of Contract Owner/Annuitant](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit Payment](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_54) | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit Calculations](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_55) | &nbsp;&nbsp; 68 |
| **[Annuity Commencement Date](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_55)** | &nbsp;&nbsp; 68 |

---

------

**Table of Contents (continued)**

---

| | |
|:---|:---|
|  | **Page** |
| **[Annuitizing the Contract](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_55)** | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitization Date](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_55) | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuitization](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Fixed Annuity Payments](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Variable Annuity Payments](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_56) | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Frequency and Amount of Annuity Payments](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_56) | &nbsp;&nbsp; 69 |
| **[Annuity Payment Options](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_57)** | &nbsp;&nbsp; 70 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Annuity Payment Options Available to All Contracts](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_57) | &nbsp;&nbsp; 70 |
| **[Statements and Reports](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_58)** | &nbsp;&nbsp; 71 |
| **[Legal Proceedings](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_58)** | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide Life Insurance Company](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_58) | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Nationwide Investment Services Corporation](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_59) | &nbsp;&nbsp; 72 |
| **[Financial Statements](#xx_d60c16e1-6a0c-4f65-9061-6f31f2f545c4_59)** | &nbsp;&nbsp; 72 |
| **[Appendix A: Investment Options Available Under the Contract](#xx_df856e6a-7b31-4f46-ba54-c40f691a096a_1)** | &nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Underlying Mutual Funds](#xx_df856e6a-7b31-4f46-ba54-c40f691a096a_1) | &nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Fixed Options](#xx_df856e6a-7b31-4f46-ba54-c40f691a096a_3) | &nbsp;&nbsp; 75 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Income Benefit Investment Options](#xx_df856e6a-7b31-4f46-ba54-c40f691a096a_4) | &nbsp;&nbsp; 76 |
| **[Appendix B: Contract Types and Tax Information](#xx_3fa678a6-cfcd-4e2a-aab8-586937396bc5_1)** | &nbsp;&nbsp; 77 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Types of Contracts](#xx_3fa678a6-cfcd-4e2a-aab8-586937396bc5_1) | &nbsp;&nbsp; 77 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Federal Tax Considerations](#xx_3fa678a6-cfcd-4e2a-aab8-586937396bc5_3) | &nbsp;&nbsp; 79 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Required Distributions](#xx_3fa678a6-cfcd-4e2a-aab8-586937396bc5_7) | &nbsp;&nbsp; 83 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Other Considerations](#xx_3fa678a6-cfcd-4e2a-aab8-586937396bc5_10) | &nbsp;&nbsp; 86 |
| &nbsp;&nbsp;&nbsp;&nbsp; [State Taxation](#xx_3fa678a6-cfcd-4e2a-aab8-586937396bc5_11) | &nbsp;&nbsp; 87 |
| **[Appendix C:](#xx_2c8b6101-0cfb-473a-b4a8-f6e3566308fb_1) [Standard Death Benefit (Five-Year Reset Death Benefit) Example](#xx_2c8b6101-0cfb-473a-b4a8-f6e3566308fb_1)** | &nbsp;&nbsp; 88 |
| **[Appendix D: One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection](#xx_0d401655-8f5d-432a-a6f2-246826125fcc_1)**<br> **[Option Example](#xx_0d401655-8f5d-432a-a6f2-246826125fcc_1)**<br>| &nbsp;&nbsp; 89 |
| **[Appendix E: One-Year Step Up Death Benefit Option Example](#xx_67f5d2a7-81e5-42e1-8c4f-bd51d00cdd6d_1)** | &nbsp;&nbsp; 90 |
| **[Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and](#xx_e0060332-be2b-445d-bcb4-634f98eaedfd_1)**<br> **[Spousal Protection Option Example](#xx_e0060332-be2b-445d-bcb4-634f98eaedfd_1)**<br>| &nbsp;&nbsp; 91 |
| **[Appendix G: 5% Enhanced Death Benefit Option Example](#xx_724048ca-ddc1-4949-a0ec-f67dd382d965_1)** | &nbsp;&nbsp; 92 |
| **[Appendix H: Financial Intermediary Variations](#xx_5183b46c-f7bf-4e04-8f7d-c6cf21e482d5_1)** | &nbsp;&nbsp; 93 |

---

------

**Overview of the Contract** 

**Purpose of the Contract** 

The contract is intended to be a long-term investment vehicle to assist investors in saving for and living in retirement. Nationwide has designed the contract to offer features, pricing, and investment options that encourage long-term ownership. The contract can help supplement retirement income through the annuitization feature, which provides a stream of periodic income payments. During the years leading up to those income payments, the Contract Owner manages his/her assets in the contract according to their specific goals and risk preferences by directing the allocation and reallocation among a variety of investment options. Contract growth is tax-deferred, meaning that gains in the contract are not taxable until withdrawn from the contract. Finally, in the event that the Annuitant dies before beginning income payments, the contract offers a death benefit.

Prospective purchasers should consult with a financial professional to determine whether this contract is appropriate for them, taking into consideration their particular needs, including investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and other personal characteristics. Generally speaking, this contract is intended to provide benefits to a single individual and his/her beneficiaries. The contract is not intended to be used by institutional investors, in connection with other Nationwide contracts that have the same Annuitant, or in connection with other Nationwide contracts that have different Annuitants but the same Contract Owner. It is not intended to be sold to a terminally ill Contract Owner or Annuitant.

**Phases of the Contract** 

The contract exists in two separate phases: accumulation (savings) and annuitization (income). During the accumulation phase, the contract offers a variety of investment options to which the Contract Owner can allocate and reallocate his/her Contract Value. The investment options available under the contract consist of Sub-Accounts that invest in underlying mutual funds, which offer a variable rate of return, a Fixed Account, which offers a fixed rate of return, and Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025), which offer an enhanced rate of return subject to a market value adjustment. **Additional information about the underlying mutual funds is available in *Appendix A: Investment Options Available Under the Contract*.** 

During the annuitization phase, Nationwide makes periodic income payments to the Annuitant. At the time of annuitization, the Contract Owner elects the duration of the annuity payments – either for a fixed period of time or for the duration of the Annuitant's (and possibly the Annuitant's spouse's) life. The Contract Owner also elects whether the annuity payments will be fixed or variable. If variable annuity payments are elected, the Annuitant controls the allocation/reallocation of annuitized assets among the available Sub-Accounts. After annuitization begins, the only value associated with the contract is the stream of annuity payments; unless otherwise specified in the annuity option, amounts cannot be withdrawn from the contract over and above the annuity payments. Additionally, once annuitization has begun, there is no death benefit, which means that upon the death of the Annuitant (and the Annuitant's spouse if a joint annuity option was elected), all payments stop and the contract terminates, unless the particular annuitization option provides otherwise.

**Contract Features**

**Investment Options.** Contract Owners can allocate Contract Value to Sub-Accounts that invest in underlying mutual funds, the Fixed Account and/or the Guaranteed Term Options (no longer available for new allocations, transfers, or renewals effective May 1, 2025). Contract Owners can reallocate those assets at their discretion, subject to certain restrictions.

**Deposits to the Contract.** Contract Owners can apply additional purchase payments to the contract until the Annuitization Date, subject to certain restrictions.

**Withdrawals from the Contract.** Contract Owners can withdraw some or all of their Contract Value at any time prior to annuitization, subject to certain restrictions. A CDSC may apply. After Annuitization, withdrawals other than annuity payments are not permitted.

**Loans from the Contract.** For contracts issued as Tax Sheltered Annuities, Contract Owners can request a loan of a portion of their Contract Value at any time after the free look period and prior to annuitization, subject to certain restrictions. A Loan Processing Fee is assessed at the time each new loan is processed, and a loan interest charge also applies.

------

**Death Benefit.** During the accumulation phase, the contract contains a standard death benefit (the greatest of (i) Contract Value, (ii) net purchase payments, or (iii) the Contract Value as of the most recent five-year Contract Anniversary before the Annuitant's 86th birthday) at no additional charge.

**Optional Death Benefits.** Several death benefit options are available for an additional charge, which may provide a greater death benefit than the standard death benefit. Those options are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option (available beginning January 2, 2001 or a later date if state law requires)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• One-Year Step Up Death Benefit Option (available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option (available beginning January 2, 2001 or a later date if state law requires)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% Enhanced Death Benefit Option (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)

**Spousal Protection Feature.** Some of the death benefit options contain the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse, subject to certain conditions.

**Reduced Purchase Payment Option.** The contract offers a Reduced Purchase Payment Option for an additional charge, which provides for reduced minimum initial purchase payment and subsequent purchase payment requirements.

**CDSC Options.** Several CDSC Options are available for an additional charge, whereby Nationwide will waive or reduce the standard CDSC schedule. Those options are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Five Year CDSC Option

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Additional Withdrawal Without Charge and Disability Waiver

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10 Year and Disability Waiver

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hardship Waiver

**Guaranteed Minimum Income Benefit Options.** The contract offers two Guaranteed Minimum Income Benefit Options for an additional charge, each of which provides for a guaranteed amount at annuitization.

**Extra Value Option Credits.** An Extra Value Option is available for an additional charge, whereby Nationwide will apply additional money to the Contract Value during the first Contract Year. Extra Value Option credits are subject to recapture under certain circumstances.

**Beneficiary Protector Option.** The contract offers a Beneficiary Protector Option for an additional charge, which may be advantageous if the Contract Owner anticipates the assessment of taxes in connection with payment of the death benefit proceeds.

**Capital Preservation Plus Option.** The contract offers a Capital Preservation Plus Option for an additional charge, which provides a principal guarantee.

**Annuity Payments.** On the Annuitization Date, Nationwide will make annuity payments based on the annuity payment option chosen prior to annuitization.

**Tax Deferral.** Generally, Contract Owners will not be taxed on any earnings on the assets in the contract until such earnings are distributed from the contract. How each contract's distributions are taxed depends on the type of contract issued. Note that if this contract is issued in connection with a plan that qualifies for special income tax treatment under the Code, the contract does not provide additional tax deferral benefits (see *Appendix B: Contract Types and Tax Information*).

**Cancellation of the Contract.** Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract and decide if they want to keep it or cancel it. Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date (see *Right to Examine and Cancel* and *Contacting the Service Center*).

**Contract Owner Services.** The contract offers several services at no additional charge to assist Contract Owners in managing their contract, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Asset Rebalancing

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Dollar Cost Averaging

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Fixed Account Dollar Cost Averaging

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Systematic Withdrawals

**Market Value Adjustment** 

A withdrawal or transfer from a Guaranteed Term Option (GTO) prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

Contact the Service Center for more information on the GTOs.

------

**Important Information You Should Consider About the Contract** 

---

| | |
|:---|:---|
| **FEES, EXPENSES, AND ADJUSTMENTS**<br> (see *Fee Table* and *Charges and Adjustments*) | **FEES, EXPENSES, AND ADJUSTMENTS**<br> (see *Fee Table* and *Charges and Adjustments*) |
| **Are There Charges or** <br> **Adjustments for Early** <br> **Withdrawals?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● If the Contract Owner withdraws money from the contract within 7 years following his/her <br> last purchase payment, a Contingent Deferred Sales Charge (or "CDSC") may apply <br> (see *Contingent Deferred Sales Charge*). The CDSC will not exceed 7% of the amount <br> of purchase payments withdrawn, declining to 0% over 7 years.<br> For example, for a contract with a $100,000 investment, a withdrawal taken during the <br> CDSC period could result in a CDSC of up to $7,000. This loss will be greater if there is <br> a negative market value adjustment, taxes or tax penalties.<br> ● If you withdraw money from a Guaranteed Term Option prior to its maturity date, you will <br> be assessed a market value adjustment, which may be negative (see *Guaranteed Term* <br> *Options*). The application of the market value adjustment could result in a loss. In <br> extreme circumstances such losses could be as high as 100% of the amount withdrawn.<br> For example, for a contract with a $100,000 investment, a withdrawal taken prior to the <br> Guaranteed Term Option's maturity date could result in a market value adjustment of up <br> to $100,000. This loss will be greater if there is a CDSC, taxes, or tax penalties. |
| **Are There Transaction** <br> **Charges?**<br>| &nbsp;&nbsp; **Yes.** Nationwide also charges a loan processing fee at the time each new loan is <br> processed (see *Loan Privilege*). |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; **Yes.** The table below describes the fees and expenses that you may pay *each year*, <br> depending on the investment options and optional benefits chosen. Please refer to your <br> contract specifications page for information about the specific fees you will pay each year <br> based on the options you have elected. |
| **Are There Ongoing Fees** <br> **and Expenses?** | **Annual Fee** |
| **Are There Ongoing Fees** <br> **and Expenses?** | Base Contract<br>0.95%<sup>1</sup> <br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | Underlying mutual fund fees and expenses<br>0.41%<sup>2</sup><br>1.32%<sup>2</sup> |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; Optional benefits available for an additional <br> charge (for a single optional benefit, if elected)<br>0.05%<sup>1</sup> <br>0.50%<sup>1</sup> <br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; <sup>1</sup> As a percentage of Daily Net Assets.<br> <sup>2</sup> As a percentage of underlying mutual fund net assets. |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; Because each contract is customizable, the options elected affect how much each <br> Contract Owner will pay. To help you understand the cost of owning the contract, the <br> following table shows the lowest and highest cost a Contract Owner could pay *each year*, <br> based on current charges. This estimate assumes that no withdrawals are taken from the <br> contract, **which could add a CDSC and a negative market value adjustment that** <br> **substantially increase costs**. |
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; **Lowest Annual Cost Estimate:**<br> **$1,279.72**<br>|
| **Are There Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp;&nbsp; Assumes:<br> ● Investment of $100,000<br> ● 5% annual appreciation<br> ● Least expensive underlying mutual fund fees <br> and expenses<br> ● No optional benefits<br> ● No CDSC<br> ● No additional purchase payments, transfers or <br> withdrawals<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Is There a Risk of Loss** <br> **from Poor Performance?**<br>| &nbsp;&nbsp; **Yes.** Contract Owners of variable annuities can lose money by investing in the contract, <br> including loss of principal (see *Principal Risks*).<br>|

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| | |
|:---|:---|
| **RISKS** | **RISKS** |
| **Is this a Short-Term** <br> **Investment?**<br>| &nbsp;&nbsp;&nbsp; **No.**<br> ● The contract is not a short-term investment and is not appropriate for an investor who <br> needs ready access to cash. Nationwide has designed the contract to offer features, <br> pricing, and investment options that encourage long-term ownership (see *Principal* <br> *Risks*).<br> ● A CDSC may apply for up to 7 years following the last purchase payment and could <br> reduce the value of the contract if purchase payments are withdrawn during that time <br> (see *Contingent Deferred Sales Charge*). All or a portion of any withdrawal may be <br> subject to taxes and tax penalties. The benefits of tax deferral also means that the <br> contract is more beneficial to investors with a long time horizon (see *Principal Risks*).<br> ● Amounts removed from a Guaranteed Term Option prior to its maturity date may also <br> result in a negative market value adjustment.<br> ● For amounts allocated to a Guaranteed Term Option, at the end of each maturity date, <br> the Contract Value will be reallocated to available investment options according to the <br> Contract Owner's instructions. If no direction is received by Nationwide prior to the <br> maturity date, all amounts in that Guaranteed Term Option will be transferred to the <br> available money market Sub-Account.<br> ● For amounts allocated to the Fixed Account at the end of an interest rate guarantee <br> period, such amounts will be reallocated among the contract's available investment <br> options in accordance with the Contract Owner's reallocation instructions, subject to any <br> applicable limitations. In the absence of instructions, such amounts will remain invested <br> in the Fixed Account for another interest rate guarantee period at the applicable <br> Renewal Rate (see *The Fixed Account* and *Transfers Prior to Annuitization*).<br>|
| **What Are the Risks** <br> **Associated with the** <br> **Investment Options?**<br>| &nbsp;&nbsp;&nbsp; ● Investment in this contract is subject to the risk of poor investment performance. <br> Investment experience can vary depending on the investment options selected by the <br> Contract Owner.<br> ● Each investment option (including the Fixed Account and Guaranteed Term Options) has <br> its own unique risks.<br> ● Review the prospectuses and disclosures for the investment options before making an <br> investment decision.<br> See *Principal Risks.*<br>|
| **What Are the Risks** <br> **Related to the Insurance** <br> **Company?**<br>| &nbsp;&nbsp; Investment in the contract is subject to the risks associated with Nationwide, including that <br> any obligations (including interest payable for allocations to the Fixed Account and <br> Guaranteed Term Options), guarantees, or benefits are subject to the claims-paying ability <br> of Nationwide. More information about Nationwide, including its financial strength ratings, <br> is available by contacting Nationwide at the address and/or toll-free phone number <br> indicated in *Contacting the Service Center* (see *Principal Risks*).<br>|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There Restrictions** <br> **on the Investment** <br> **Options?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● Nationwide reserves the right to add, remove, and substitute investment options <br> available under the contract (see *The Sub-Accounts and Underlying Mutual Funds*).<br> ● Allocations to the Fixed Account may not be transferred to another investment option <br> except at the end of a Fixed Account interest rate guarantee period (see *The Fixed* <br> *Account).*<br> ● Allocations to the Guaranteed Term Options that are transferred to another investment <br> option prior to maturity are subject to a market value adjustment (see *Guaranteed Term* <br> *Options*).<br> ● Allocations to the Guaranteed Term Options may not be transferred to another available <br> investment option during the Capital Preservation Plus program period (see *Capital* <br> *Preservation Plus Option*).<br> ● Not all investment options may be available under your contract (see *Appendix A:* <br> *Investment Options Available Under the Contract*).<br> ● Transfers between Sub-Accounts are subject to policies designed to deter short-term <br> and excessively frequent transfers. Nationwide may restrict the form in which transfer <br> requests will be accepted (see *Transfer Restrictions*).<br> ● The availability of investment options may vary depending on the broker-dealer through <br> which the contract is sold (see *Appendix H: Financial Intermediary Variations*).<br>|

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| | |
|:---|:---|
| **RESTRICTIONS** | **RESTRICTIONS** |
| **Are There any** <br> **Restrictions on Contract** <br> **Benefits?**<br>| &nbsp;&nbsp;&nbsp; **Yes.**<br> ● Certain optional benefits limit or restrict the investment options available for investment.<br> ● Nationwide reserves the right to discontinue offering any optional benefit. Such a <br> discontinuance will only apply to new contracts and will not impact any contracts already <br> in force.<br> ● The availability of contract benefits may vary depending on the broker-dealer through <br> which the contract is sold (see *Appendix H: Financial Intermediary Variations*).<br> See *Benefits Under the Contract.*<br>|
| **TAXES** | **TAXES** |
| **What Are the Contract's** <br> **Tax Implications?**<br>| &nbsp;&nbsp;&nbsp; ● Consult with a tax professional to determine the tax implications of an investment in and <br> payments received under this contract.<br> ● If the contract is purchased through a tax-qualified plan or IRA, there is no additional tax <br> deferral.<br> ● Earnings in the contract are taxed at ordinary income tax rates at the time of <br> withdrawals and there may be a tax penalty if withdrawals are taken before the Contract <br> Owner reaches age 59½.<br> See *Appendix B: Contract Types and Tax Information.*<br>|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| **How Are Investment** <br> **Professionals** <br> **Compensated?**<br>| &nbsp;&nbsp; Some financial professionals receive compensation for selling the contract. Compensation <br> can take the form of commissions and other indirect compensation in that Nationwide may <br> share the revenue it earns on this contract with the financial professional's firm. This <br> conflict of interest may influence a financial professional, as these financial professionals <br> may have a financial incentive to offer or recommend this contract over another investment <br> (see *Distribution, Promotional, and Sales Expenses).*<br>|
| **Should I Exchange My** <br> **Contract?**<br>| &nbsp;&nbsp; Some financial professionals may have a financial incentive to offer an investor a new <br> contract in place of the one he/she already owns. An investor should only exchange his/her <br> contract if he/she determines, after comparing the features, fees, and risks of both <br> contracts, and any fees or penalties to terminate the existing contract, that it is preferable <br> for him/her to purchase the new contract, rather than to continue to own the existing one <br> (see *Replacements* and *Distribution, Promotional, and Sales Expenses*).<br>|

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**Fee Table** 

**The following tables describe the fees, expenses, and adjustments that a Contract Owner will pay when buying, owning, and surrendering or making withdrawals from an investment option or from the contract. Please refer to the contract specifications page for information about the specific fees the Contract Owner will pay each year based on the options elected.** 

**The first table describes the fees and expenses a Contract Owner will pay at the time the Contract Owner buys the contract, surrenders or makes withdrawals from an investment option or from the contract, or transfers Contract Value between investment options. State premium taxes may also be deducted.** 

---

| | |
|:---|:---|
| **Transaction Expenses** | **Transaction Expenses** |
| **Maximum Contingent Deferred Sales Charge** ("CDSC") (as a percentage of purchase payments surrendered) | 7% |

---

Range of CDSC over time:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of** <br> **Purchase Payment**<br>| **0** | **1** | **2** | **3** | **4** | **5** | **6** | **7** |
| **CDSC Percentage** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **6%** | &nbsp;&nbsp; **5%** | &nbsp;&nbsp; **4%** | &nbsp;&nbsp; **3%** | &nbsp;&nbsp; **2%** | &nbsp;&nbsp; **0%** |

---

Some state jurisdictions require a lower CDSC schedule. Refer to your contract for state specific information.

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| | |
|:---|:---|
| **Loan Processing Fee** | $25<sup>1</sup> <br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**The next table describes the adjustments, in addition to any transaction expenses, that apply if all or a portion of the Contract Value is removed from an investment option or from the contract before the expiration of a specified period.** 

---

| | |
|:---|:---|
| **Adjustments** | **Adjustments** |
| **Market Value Adjustment Maximum Potential Loss**<sup>1</sup> (as a percentage of the Contract Value) | 100% |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> A market value adjust applies to any withdrawal or transfer from a Guaranteed Term Option prior to its maturity date, including to annuitize the contract. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit.

**The next table describes the fees and expenses that a Contract Owner will pay *each year* during the time that the Contract Owner owns the contract (not including underlying mutual fund fees and expenses). If an optional benefit is elected, an additional charge will be assessed, as shown below** 

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| | |
|:---|:---|
| **Annual Contract Expenses** | **Annual Contract Expenses** |
| **Annual Loan Interest Charge** (assessed as a reduction to the credited interest rate) | 2.25%<sup>2</sup> <br>|
| **Base Contract Expenses**<sup>3</sup> (assessed as an annualized percentage of Daily Net Assets)  | 0.95% |
| **Optional Benefit Expenses**<sup>4</sup> (assessed as an annualized percentage of Daily Net Assets) |  |
| **Reduced Purchase Payment Option Charge** | 0.25%<sup>5</sup> <br>|
| **Five Year CDSC Option Charge** | 0.15%<sup>6</sup> <br>|
| **CDSC Waiver Options** |  |
| **Additional Withdrawal Without Charge and Disability Waiver Charge** | 0.10%<sup>7</sup> <br>|
| **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** |  |
| &nbsp;&nbsp; **One-Year Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection** <br> **Option Charge**<sup>8</sup> (available beginning January 2, 2001 or a later date if state law requires)<br>| 0.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **One-Year Step Up Death Benefit Option Charge**<sup>9</sup> (available until state approval is received for the One-Year <br> Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection Option)<br>| 0.05% |
| &nbsp;&nbsp; **Greater of One-Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and** <br> **Spousal Protection Option Charge**<sup>10</sup> (available beginning January 2, 2001 or a later date if state law requires)<br>| 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **5% Enhanced Death Benefit Option Charge**<sup>11</sup> (available until state approval is received for the Greater of One-<br> Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection <br> Option)<br>| 0.10% |
| **Guaranteed Minimum Income Benefit Options** (no longer available) |  |
| **Guaranteed Minimum Income Benefit Option 1 Charge** | 0.45% |

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| | |
|:---|:---|
| **Annual Contract Expenses** | **Annual Contract Expenses** |
| **Guaranteed Minimum Income Benefit Option 2 Charge** | &nbsp;&nbsp; 0.30% |
| **Extra Value Option Charge** | 0.45%<sup>12</sup> <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account and the <br> Guaranteed Term Options for the first 7 Contract Years will be assessed a fee of 0.45%.<br>|  |
| **Beneficiary Protector Option Charge**<sup>13</sup> | &nbsp;&nbsp; 0.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Fixed Account or to the <br> Guaranteed Term Options will be assessed a fee of 0.40%.<br>|  |
| **Capital Preservation Plus Option Charge** | 0.50%<sup>14</sup> <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to the charge assessed to Variable Account allocations, allocations made to the Guaranteed Term <br> Options or Target Term Options will be assessed a fee of 0.50%.<br>|  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup>

Nationwide assesses a Loan Processing Fee at the time each new loan is processed. Loans are only available for contracts issued as Tax Sheltered Annuities.

<sup>2</sup>

The loan interest rate is determined, based on market conditions, at the time of loan application or issuance. The loan balance in the collateral Fixed Account is credited with interest at 2.25% less than the loan interest rate. Thus, the net loan interest charge is 2.25%, which is applied against the outstanding balance.

<sup>3</sup>

Throughout this prospectus, the Base Contract Expenses will be referred to as Mortality and Expense Risk Charge.

<sup>4</sup>

Unless otherwise indicated, charges for optional benefits are only assessed prior to the Annuitization Date (see *Charges and Adjustments*).

<sup>5</sup>

If this option is elected, Nationwide will lower an applicant's minimum initial purchase payment to $1,000 and subsequent purchase payments to $25. This option is not available to contracts issued as Investment-Only Contracts.

<sup>6</sup>

Range of Five Year CDSC over time:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5** |
| **CDSC Percentage** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **7%** | &nbsp;&nbsp; **6%** | &nbsp;&nbsp; **4%** | &nbsp;&nbsp; **2%** | &nbsp;&nbsp; **0%** |

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For contracts issued in the State of New York, this option is available only for contracts issued as Roth IRAs and is not available when the Extra Value Option is elected.

<sup>7</sup>

If this option is elected, the applicant will receive an additional 5% CDSC-free withdrawal privilege, which also includes a disability waiver. This 5% is in addition to the standard 10% CDSC-free withdrawal privilege that applies to every contract.

<sup>8</sup>

This option may not be elected with another death benefit option.

<sup>9</sup>

This option may be elected alone or along with the 5% Enhanced Death Benefit Option. If both options are elected, the death benefit will be the greater of the two options.

<sup>10</sup>

This option may not be elected with another death benefit option.

<sup>11</sup>

This option may be elected alone or along with One-Year Step Up Death Benefit Option. If both options are elected, the death benefit will be the greater of the two options.

<sup>12</sup>

Nationwide will discontinue deducting the charge associated with the Extra Value Option seven years from the date the contract was issued. Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Contract Owner elects or has elected the Extra Value Option.

<sup>13</sup>

The Beneficiary Protector Option is available for contracts with Annuitants age 70 or younger at the time the option is elected.

<sup>14</sup>

The Capital Preservation Plus Option may only be elected at the time of application. Nationwide will discontinue deducting the charges associated with the Capital Preservation Plus Option at the end of the Guaranteed Term Option/Target Term Option that corresponds to the end of the program period elected by the Contract Owner.

**The next item shows the minimum and maximum total operating expenses charged by the underlying mutual funds that the Contract Owner may pay periodically during the life of the contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of the underlying mutual funds available under the contract, including their annual expenses, may be found in *Appendix A: Investment Options Available Under the Contract*.** 

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| | | |
|:---|:---|:---|
| **Annual Underlying Mutual Fund Expenses** | **Annual Underlying Mutual Fund Expenses** | **Annual Underlying Mutual Fund Expenses** |
|  | **Minimum** | **Maximum** |
| (Expenses that are deducted from underlying mutual fund assets, including <br> management fees, distribution and/or service (12b-1) fees, and other expenses, as a <br> percentage of average underlying mutual fund net assets.)<br>| 0.41% | 1.32% |

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**Example** 

**This Example is intended to help Contract Owners compare the cost of investing in the Sub-Accounts with the cost of investing in other annuity contracts that offer variable investment options. These costs include transaction expenses, annual contract expenses, and annual underlying mutual fund expenses. This Example assumes all Contract Value is allocated to the Sub-Accounts. Costs could differ from those shown below if Contract Value is allocated to the Fixed Account and/or a Guaranteed Term Option.** 

The Example assumes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a $100,000 investment in the contract for the time periods indicated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a 5% return each year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the seven year CDSC schedule;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no market value adjustment is assessed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the maximum and the minimum fees and expenses of any of the underlying mutual funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable Account charges that reflect the most expensive combination of optional benefits available for an additional charge (3.65%). Specifically:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reduced Purchase Payment Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Five Year CDSC Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Additional Withdrawal Without Charge and Disability Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10 Year and Disability Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hardship Waiver,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Greater of One-Year or 5% Enhanced Death Benefit with Long Term Care/Nursing Home Waiver and Spousal Protection,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guaranteed Minimum Income Benefit Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Extra Value Option,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Beneficiary Protector Option, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Capital Preservation Plus Option

Although your actual costs may be higher or lower, based on these assumptions, your costs would be.

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is surrendered**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is annuitized**<br> **at the end of the**<br> **applicable time period** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** | **If the contract is not**<br> **surrendered** |
|  | **1 Yr.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** | **1 Yr.** | **3 Yrs.** | **5 Yrs.** | **10 Yrs.** |
| &nbsp;&nbsp;&nbsp; Maximum <br> Annual <br> Underlying <br> Mutual Fund <br> Expenses <br> (1.32%)<br>| &nbsp;&nbsp; $12219 | &nbsp;&nbsp; $20621 | &nbsp;&nbsp; $28979 | &nbsp;&nbsp; $51675<br> &nbsp;&nbsp; \* | &nbsp;&nbsp; $15621 | &nbsp;&nbsp; $25979 | &nbsp;&nbsp; $51675 | &nbsp;&nbsp; $5219 | &nbsp;&nbsp; $15621 | &nbsp;&nbsp; $25979 | &nbsp;&nbsp; $51675 |
| &nbsp;&nbsp;&nbsp; Minimum <br> Annual <br> Underlying <br> Mutual Fund <br> Expenses <br> (0.41%)<br>| &nbsp;&nbsp; $11263 | &nbsp;&nbsp; $17883 | &nbsp;&nbsp; $24632 | &nbsp;&nbsp; $44072<br> &nbsp;&nbsp; \* | &nbsp;&nbsp; $12883 | &nbsp;&nbsp; $21632 | &nbsp;&nbsp; $44072 | &nbsp;&nbsp; $4263 | &nbsp;&nbsp; $12883 | &nbsp;&nbsp; $21632 | &nbsp;&nbsp; $44072 |

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\*

The contracts sold under this prospectus do not permit annuitization during the first two Contract Years.

**Principal Risks** 

Contract Owners should be aware of the following risks associated with owning the contract:

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**Risk of loss.** The Sub-Accounts invest in underlying mutual funds. Underlying mutual funds are variable investments, meaning their value will increase or decrease based on the performance of their portfolio holdings. Poor underlying mutual fund performance can result in a loss of Contract Value and/or principal.

**Not a short-term investment.** In general, deferred variable annuities are long-term investments; they are not suitable as short-term savings vehicles. Nationwide has designed the contract to offer features, pricing, and investment options that encourage long-term ownership. Specifically:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A Contract Owner who takes withdrawals from the contract within seven years of purchasing the contract or making a purchase payment could be subject to a CDSC, which in the short-term will reduce Contract Value or the amount payable to you, and in the long-term will reduce the ability of the Contract Value to grow over time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A Contract Owner who takes withdrawals from the contract before reaching age 59 1/2 could be subject to tax penalties that are mandated by the federal tax laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A withdrawal or transfer from a GTO prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

**Investment option availability.** Nationwide reserves the right to change the Sub-Accounts available under the contract, including adding new Sub-Accounts, and discontinuing availability of Sub-Accounts. Nationwide reserves the right to limit or refuse purchase payments and/or transfers allocated to the Fixed Account at its sole discretion. Nationwide also reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guarantee period. Decisions to make such changes are at Nationwide's discretion but will be in accordance with Nationwide's internal policies and procedures relating to such matters. Any changes to the availability of investment options may be subject to regulatory approval and notice will be provided.

**Investment option restrictions.** Certain options available under the contract impose restrictions on which investment options are available for investment and/or the portion of total Contract Value that is permitted to be allocated to certain investment options. These restrictions are imposed by Nationwide and depend on each investment option's risk characteristics. The permitted investment options are more conservative than those that are not permitted. This helps Nationwide manage its obligation to provide the Contract Owners with guarantees. By electing an optional benefit and accepting the limited menu of investment options, Contract Owners may be foregoing investment gains that could otherwise be realized by investing in riskier investment options that are not available under the optional benefit.

**Purchase payment restrictions.** A Contract Owner's ability to make subsequent purchase payments is subject to limitations under the contract, and may be subject to additional limitations under an optional benefit. Restrictions on subsequent purchase payments may limit a Contract Owner's ability to increase the value of the contract and its benefits through additional investments.

**Extra Value Option risk.** Certain optional benefits apply bonus credits to the contract. The bonus credits increase Contract Value which will increase the total dollar amount of fees that Nationwide collects. Nationwide may make a profit from the additional charges and over time, the benefit of the bonus credits could be more than offset by the additional charges assessed to the contract. Additionally, the recapture of the bonus credits (in the event of a withdrawal) could exceed any benefit of receiving the bonus credits.

**Active trading.** Neither the contracts described in this prospectus nor the underlying mutual funds are designed to support active trading strategies that require frequent movement between or among Sub-Accounts. Nationwide discourages (and will take action to deter) short-term trading in this contract because the frequent movement between or among Sub-Accounts may negatively impact other investors in the contract. In certain circumstances, to address active trading, Nationwide may require transfer requests to be submitted via U.S. mail. Additionally, underlying mutual funds are required to take certain actions in order to protect shareholders from negative impacts of short-term trading, which may include requiring Nationwide to prohibit particular Contract Owners from investing in a Sub-Account that invests in the impacted underlying mutual fund.

**Financial strength.** Contractual guarantees that exceed the value of the assets in the Variable Account (including death benefit guarantees that exceed the Contract Value and interest credited to Fixed Account and Guaranteed Term Option allocations are paid from Nationwide's general account, which is subject to Nationwide's financial strength and claims-paying ability. If Nationwide experiences financial distress, it may not be able to meet its obligations.

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**Regulatory risk.** The contract is governed by various state and federal laws and regulations, which are subject to change. Those changes could require Nationwide to make changes to the contract that alter the nature or value of certain benefits. Additionally, changes to the tax laws or regulations could limit or eliminate the tax benefits of the contract, resulting in greater tax liability or less earnings.

**Cybersecurity**. Nationwide's businesses are highly dependent upon its computer systems and those of its business partners and service providers. This makes Nationwide potentially susceptible to operational and information security risks resulting from a cybersecurity incident. These risks include direct risks, such as theft, misuse, corruption, and destruction of data maintained by Nationwide, and indirect risks, such as denial of service, attacks on systems or websites and other operational disruptions that could severely impede Nationwide's ability to conduct its businesses or administer the contract (e.g., calculate unit values or process transactions).

Financial services companies and their third-party service providers are increasingly the targets of cyber-attacks. The techniques used to attack systems and networks change frequently and are becoming more sophisticated, including through the use of artificial intelligence (AI) and AI-powered tools.

Cyber-attacks affecting Nationwide, the underlying mutual funds, intermediaries, and other service providers may adversely affect Nationwide and contract values. Cybersecurity risks may also impact the issuers of securities in which the underlying mutual funds invest, which may cause the underlying mutual funds to lose value. Although Nationwide undertakes substantial efforts to protect its computer systems from cyber-attacks, there can be no guarantee that Nationwide, its service providers, intermediaries, or the underlying mutual funds will be able to avoid or readily detect cybersecurity incidents affecting Contract Owners in the future.

In the event that contract administration or contract values are adversely affected as a result of a failure of Nationwide's cybersecurity controls, Nationwide will take reasonable steps to take corrective action and restore Contract Values to the levels that they would have been had the cybersecurity incident not occurred. Nationwide will not, however, be responsible for any adverse impact to contracts or contract values that result from the Contract Owner or its designee's negligent acts or failure to use reasonably appropriate safeguards to protect against cyber-attacks or to protect personal information.

**Business continuity risks.** Nationwide is exposed to risks related to natural and man-made disasters, such as storms, fires, earthquakes, public health crises, geopolitical disputes, military actions, and terrorist acts, which could adversely affect Nationwide's ability to administer the contract. Nationwide has adopted business continuity policies and procedures that may be implemented in the event of a natural or man-made disaster, but such business continuity plans may not operate as intended or fully mitigate the operational risks associated with such disasters.

Nationwide outsources certain critical business functions to third parties and, in the event of a natural or man-made disaster, relies upon the successful implementation and execution of the business continuity planning of such entities. While Nationwide closely monitors the business continuity activities of these third parties, successful implementation and execution of their business continuity strategies are largely beyond Nationwide's control. If one or more of the third parties to whom Nationwide outsources such critical business functions experience operational failures, Nationwide's ability to administer the contract could be impaired.

**Nationwide and the Variable Account** 

The contract is issued by Nationwide, with its home office at One Nationwide Plaza, Columbus, Ohio 43215. Nationwide Variable Account-9 is a separate account of Nationwide that invests in the underlying mutual funds listed in *Appendix A: Investment Options Available Under the Contract*. Income, gains, and losses credited to or charged against the Variable Account reflect the Variable Account's own investment experience and not the investment experience of Nationwide's other assets. The Variable Account's assets are held separately from General Account assets and may not be used to pay any liabilities of Nationwide other than those arising from the contract or other contracts supported by the Variable Account. The Variable Account is divided into Sub-Accounts, each of which invests in shares of a single underlying mutual fund.

Nationwide is obligated to pay all amounts promised to investors under the contracts. All guarantees under the contract are subject to Nationwide's creditworthiness and claims-paying ability.

The contracts are distributed by the general distributor, Nationwide Investment Services Corporation ("NISC"), One Nationwide Plaza, Columbus, Ohio 43215. NISC is a wholly-owned subsidiary of Nationwide.

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**Investment Options**

**The Sub-Accounts and Underlying Mutual Funds** 

Contract Value allocated to a Sub-Account will vary based on the investment experience of the corresponding underlying mutual fund in which the Sub-Account invests. There is a risk of loss of the entire amount invested.

The Contract Owner can allocate Contract Value to Sub-Accounts of the Variable Account, subject to conditions in the contract and underlying mutual funds. Each Sub-Account invests in shares of a single underlying mutual fund. Nationwide uses the assets of each Sub-Account to buy shares of the underlying mutual funds based on Contract Owner instructions. Nationwide buys and sells the mutual fund shares at their respective net asset value (NAV). Any dividends and distributions from a mutual fund are reinvested at NAV in shares of that mutual fund.

Information about each underlying mutual fund, including its name, type, adviser and subadviser (if applicable), current expenses, and performance, is available in *Appendix A: Investment Options Available Under the Contract*. Each underlying mutual fund issues its own prospectus that contains more detailed information about the underlying mutual fund. **Contract Owners can obtain prospectuses for underlying mutual funds free of charge at any time by visiting the website listed in *Appendix A: Investment Options Available Under the Contract* or contacting the Service Center (see *Contacting the Service Center*). Contract Owners should read these prospectuses carefully before investing.**

*Underlying mutual funds in the Variable Account are NOT publicly available mutual funds.* They are only available as investment options in variable life insurance policies or variable annuity contracts issued by life insurance companies, or in some cases, through participation in certain qualified pension or retirement plans.

The investment advisers of the underlying mutual funds may manage publicly available mutual funds with similar names and investment objectives. However, the underlying mutual funds are NOT the same as any publicly available mutual fund. Contract Owners should not compare the performance of a publicly available fund with the performance of underlying mutual funds participating in the Variable Account. The performance of the underlying mutual funds could differ substantially from that of any publicly available funds.

The particular underlying mutual funds available under the contract may change from time to time. Specifically, underlying mutual funds or underlying mutual fund share classes that are currently available may be removed or closed off to future investment. New underlying mutual funds or new share classes of currently available underlying mutual funds may be added. Contract Owners will receive notice of any such changes that affect their contract. The underlying mutual funds, which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreements and discontinue offering their shares to the Sub-Accounts.

In the future, additional underlying mutual funds managed by certain financial institutions, brokerage firms, or their affiliates may be added to the Variable Account. These additional underlying mutual funds may be offered exclusively to purchasing customers of the particular financial institution or brokerage firm, or through other exclusive distribution arrangements.

***Voting Rights*** 

Contract Owners are not shareholders of the underlying mutual funds in which the Sub-Accounts invest; however, Contract Owners with assets allocated to Sub-Accounts are entitled to certain voting rights. Nationwide will vote underlying mutual fund shares at shareholder meetings based on Contract Owner instructions and the instructions of owners of other contracts supported by the Variable Account. However, if the law changes and Nationwide is allowed to vote in its own right, it may elect to do so.

Contract Owners with voting interests in an underlying mutual fund will be notified of issues requiring shareholder vote as soon as possible before the shareholder meeting. Notification will contain proxy materials and a form with which to give Nationwide voting instructions. Nationwide will vote shares for which no instructions are received in the same proportion as those that are received. What this means is that when only a small number of Contract Owners vote, each vote has a greater impact on, and may control, the outcome.

The number of shares which a Contract Owner may vote is determined by dividing the cash value of the amount they have allocated to an underlying mutual fund by the Net Asset Value of that underlying mutual fund (as of a date set by the underlying mutual fund).

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***Material Conflicts*** 

The underlying mutual funds may be offered through separate accounts of other insurance companies, as well as through other separate accounts of Nationwide. Nationwide does not anticipate any disadvantages to this. However, it is possible that a conflict may arise between the interests of the Variable Account and one or more of the other separate accounts in which these underlying mutual funds participate.

Material conflicts may occur due to a change in law affecting the operations of variable life insurance policies and variable annuity contracts, or differences in the voting instructions of the Contract Owners and those of other companies. If a material conflict occurs, Nationwide will take whatever steps are necessary to protect Contract Owners and variable annuity payees, including withdrawal of the Variable Account from participation in the underlying mutual fund(s) involved in the conflict.

***Substitution of Securities*** 

Nationwide may substitute shares of another underlying mutual fund for shares already purchased or to be purchased in the future if either of the following occurs:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) shares of a current underlying mutual fund are no longer available for investment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) further investment in an underlying mutual fund is inappropriate.

Nationwide will not substitute shares of any underlying mutual fund in which the Sub-Accounts invest without any necessary prior approval of the appropriate state or federal regulatory authorities. All affected Contract Owners will be notified in the event there is a substitution, elimination, or combination of shares.

The substitute underlying mutual fund may have different fees and expenses. Substitution may be made with respect to existing investments or the investment of future purchase payments, or both. Nationwide may close Sub-Accounts to allocations of purchase payments or Contract Value, or both, at any time in its sole discretion. The underlying mutual funds, which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreements and discontinue offering their shares to the Sub-Accounts.

***Deregistration of the Variable Account*** 

Nationwide may deregister the Variable Account under the 1940 Act in the event the Variable Account meets an exemption from registration under the 1940 Act, if there are no outstanding contracts supported by the Variable Account, or for any other purpose approved by the SEC.

No deregistration may take place without the prior approval of the SEC. All affected Contract Owners will be notified in the event Nationwide deregisters the Variable Account. If the Variable Account is deregistered, Nationwide's contractual obligations to the Contract Owner will continue.

**The Fixed Account** 

The Contract Owner can allocate Contract Value to the Fixed Account, subject to conditions imposed by the contract. The Fixed Account is an investment option that is funded by assets of Nationwide's General Account. The General Account contains all of Nationwide's assets other than those in the Variable Account and other Nationwide separate accounts and is used to support Nationwide's annuity and insurance obligations. The General Account is not subject to the same laws as the Variable Account.

Information regarding the Fixed Account, including (i) its name; (ii) interest rate guarantee period; and (iii) its minimum guaranteed interest rate, is available in *Appendix A: Investment Options Available Under the Contract.* 

Purchase payments will be allocated to the Fixed Account by election of the Contract Owner. Nationwide reserves the right to limit or refuse purchase payments and/or transfers allocated to the Fixed Account at its sole discretion. Generally, Nationwide will invoke this right when interest rates are low by historical standards. Nationwide also reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guaranteed period. State law requires Nationwide to reserve the right to postpone payment or transfer out of the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request. The Fixed Account may not be available in every state.

Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Extra Value Option is elected. These restrictions may be imposed at Nationwide's sole discretion when economic conditions are such that Nationwide is unable to recoup the cost of providing the up-front Extra Value Option credits.

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The investment income earned by the Fixed Account will be allocated to the contracts at varying guaranteed interest rate(s) depending on the following categories of Fixed Account allocations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New Money Rate – The rate credited on the Fixed Account allocation when the contract is purchased or when subsequent purchase payments are made. Subsequent purchase payments may receive different New Money Rates than the rate when the contract was issued, since the New Money Rate is subject to change based on market conditions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable Account to Fixed Rate – Allocations transferred from any of the Sub-Accounts to the Fixed Account may receive a different rate. The rate may be lower than the New Money Rate. There may be limits on the amount and frequency of movements from the Sub-Accounts to the Fixed Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Renewal Rate – The rate available for maturing Fixed Account allocations which are entering a new guarantee period. The Contract Owner will be notified of this rate in a letter issued with the quarterly statements when a Contract Owner's Fixed Account allocation matures. At that time, the Contract Owner will have an opportunity to leave the money in the Fixed Account and receive the Renewal Rate or the Contract Owner can move the money to any of the other investment options. If no instruction is received by Nationwide, the Contract Owner will remain invested in the Fixed Account and will receive the Renewal Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Dollar Cost Averaging Rate – From time to time, Nationwide may offer a more favorable rate for an initial purchase payment into a new contract when used in conjunction with a Dollar Cost Averaging program. Rates will vary depending on the Dollar Cost Averaging program elected (see *Contract Owner Services*).

All of these rates are subject to change on a daily basis; however, once applied to the Fixed Account, the interest rates are guaranteed until the end of the calendar quarter during which the 12-month anniversary of the Fixed Account allocation occurs.

Credited interest rates are annualized rates – the effective yield of interest over a one-year period. Interest is credited to each contract on a daily basis. As a result, the credited interest rate is compounded daily to achieve the stated effective yield.

The guaranteed rate for any purchase payment will be effective for not less than 12 months. Nationwide guarantees that the rate will not be less than 1.50% per year. Contracts may be subject to a higher minimum guaranteed interest rate based on the date the contract was issued and/or state of issue. Any interest in excess of the minimum interest rate will be credited to Fixed Account allocations at Nationwide's sole discretion.

Nationwide guarantees that the value of Fixed Account allocations will not be less than the amount of the purchase payments and Extra Value Option credits allocated to the Fixed Account, plus interest credited as described above, less any withdrawals, Extra Value Option credits recaptured, and any applicable charges including CDSC.

***Fixed Account Interest Rate Guarantee Period*** 

The Fixed Account interest rate guarantee period is the period of time that the Fixed Account interest rate is guaranteed to remain the same. During a Fixed Account interest rate guarantee period, transfers cannot be made from the Fixed Account, and amounts transferred to the Fixed Account must remain on deposit.

For new purchase payments allocated to the Fixed Account and transfers to the Fixed Account, the Fixed Account interest rate guarantee period begins on the date of deposit or transfer and ends on the one-year anniversary of the deposit or transfer. The guaranteed interest rate period may last for up to three months beyond the one-year anniversary because guaranteed terms end on the last day of a calendar quarter.

***Fixed Account Charges Assessed for Certain Optional Benefits*** 

All interest rates credited to the Fixed Account will be determined as previously described. However, for contracts with certain optional benefits elected, a charge is assessed to assets allocated to the Fixed Account by reducing the interest crediting rate. Consequently, the charge assessed for the optional benefit will result in a lower credited interest rate (reduced by the amount of the charge).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Beneficiary Protector Option has a Fixed Account charge equal to 0.40%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Extra Value Option has a Fixed Account charge equal to 0.45% for the first seven Contract Years.

Even if the credited interest rate is reduced by an optional benefit charge, Nationwide guarantees that the interest rate credited to any assets in the Fixed Account will never be less than the minimum interest rate.

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**Guaranteed Term Options** 

Guaranteed Term Options or GTOs are separate investment options under the contract. Effective May 1, 2025, GTOs are not available to receive new allocations, transfers, or renewals. The minimum amount that may be allocated to a GTO is $1,000. Allocations to a Guaranteed Term Option are held in a separate account, established by Nationwide pursuant to Ohio law, to aid in the reserving and accounting for Guaranteed Term Option obligations. The separate account's assets are held separately from Nationwide's other assets and are not chargeable with liabilities incurred in any other business of Nationwide. However, Nationwide's General Account assets are available for the purpose of meeting the guarantees of any Guaranteed Term Option, subject to Nationwide's claims-paying ability. A Guaranteed Term Option prospectus should be read along with this prospectus. Guaranteed Term Options may not be available in every state.

Guaranteed Term Options provide a guaranteed rate of interest over four different maturity durations: three (3), five (5), seven (7) or ten (10) years. **Note:** The guaranteed term may last for up to three months beyond the 3, 5, 7, or 10-year period since every guaranteed term will end on the final day of a calendar quarter.

For the duration selected, Nationwide will declare a guaranteed interest rate. The guaranteed interest rate will be credited to amounts allocated to the Guaranteed Term Option unless the Contract Owner takes a withdrawal from their GTO allocation before the maturity date. Nationwide guarantees that the guaranteed interest rate will not be less than 0.00% per year.

A withdrawal or transfer from a GTO prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. A market value adjustment can increase or decrease the amount withdrawn depending on fluctuations in constant maturity treasury rates. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred. No market value adjustment will be applied if Guaranteed Term Option allocations are held to maturity.

Because a market value adjustment can affect the value of a withdrawal, its effects should be carefully considered before surrendering or transferring from Guaranteed Term Options. Contact the Service Center for additional information on the GTOs.

Information regarding each Guaranteed Term Option, including (i) its name; (ii) interest rate guarantee period; and (iii) its minimum guaranteed interest rate, is available in *Appendix A: Investment Options Available Under the Contract*.

***Target Term Options*** 

Due to certain state requirements, in some states, Nationwide uses Target Term Options instead of Guaranteed Term Options in connection with the Capital Preservation Plus Option. Target Term Options are not available separate from the Capital Preservation Plus Option.

For all material purposes, Guaranteed Term Options and Target Term Options are the same. Target Term Options are managed and administered identically to Guaranteed Term Options. The distinction is that the interest rate associated with Target Term Options is not guaranteed as it is in Guaranteed Term Options. However, because the options are managed and administered identically, the result to the investor is the same.

All references in this prospectus to Guaranteed Term Options in connection with the Capital Preservation Plus Option will also mean Target Term Options (in applicable jurisdictions). Contact the Service Center for more information on the Guaranteed Term Options.

***GTO Charges Assessed for Certain Optional Benefits*** 

For contracts with certain optional benefits elected, a charge is assessed to assets allocated to the Guaranteed Term Options by reducing the guaranteed rate of return. Consequently, the charge assessed for the optional benefit will result in a lower guaranteed rate of return (reduced by the amount of the charge).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Extra Value Option has a GTO charge equal to 0.45% for the first seven Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Beneficiary Protector Option has a GTO charge equal to 0.40%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Capital Preservation Plus Option has a GTO charge equal to 0.50%.

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**Contacting the Service Center** 

All inquiries, paperwork, information requests, service requests, and transaction requests should be made to the Service Center:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by telephone at 1-800-848-6331 (TDD 1-800-238-3035)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by mail to P.O. Box 182021, Columbus, Ohio 43218-2021

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by fax at 1-888-634-4472

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by Internet at www.nationwide.com.

Nationwide reserves the right to restrict or remove the ability to submit service requests via Internet, phone, or fax upon written notice.

Not all methods of communication are available for all types of requests. To determine which methods are permitted for a particular request, refer to the specific transaction provision in this prospectus or call the Service Center. Requests submitted by means other than described in this prospectus could be returned or delayed.

Service and transaction requests will generally be processed on the Valuation Date they are received at the Service Center as long as the request is in good order, see *Operation of the Contract*. Good order generally means that all necessary information to process the request is complete and in a form acceptable to Nationwide. If a request is not in good order, Nationwide will take reasonable actions to obtain the information necessary to process the request. Requests that are not in good order may be delayed or returned. Nationwide reserves the right to process any purchase payment or withdrawal request sent to a location other than the Service Center on the Valuation Date it is received at the Service Center. On any day the post office is closed, Nationwide is unable to retrieve service and transaction requests that are submitted by mail. This will result in a delay of the delivery of those requests to the Service Center.

Nationwide will use reasonable procedures to confirm that instructions are genuine and will not be liable for following instructions that it reasonably determined to be genuine. Nationwide may record telephone requests. Telephone and computer systems may not always be available. Any telephone system or computer can experience outages or slowdowns for a variety of reasons. The outages or slowdowns could prevent or delay processing. Although Nationwide has taken precautions to support heavy use, it is still possible to incur an outage or delay. To avoid technical difficulties, submit transaction requests by mail.

**Charges and Adjustments**

**Mortality and Expense Risk Charge**

Nationwide deducts a Mortality and Expense Risk Charge equal to an annualized rate of 0.95% of the Daily Net Assets. The Mortality and Expense Risk Charge compensates Nationwide for providing the insurance benefits under the contract, including the contract's standard death benefit. It also compensates Nationwide for assuming the risk that Annuitants will live longer than assumed. Finally, the Mortality and Expense Risk Charge compensates Nationwide for guaranteeing that charges will not increase regardless of actual expenses. Nationwide may realize a profit from this charge.

**Contingent Deferred Sales Charge**

No sales charge deduction is made from purchase payments upon deposit into the contract. However, if any part of the contract is withdrawn, Nationwide may deduct a CDSC. The CDSC will not exceed 7% of purchase payments withdrawn.

The CDSC is calculated by multiplying the applicable CDSC percentage (noted in the following table) by the amount of purchase payments withdrawn. For purposes of calculating the CDSC, withdrawals are considered to come first from the oldest purchase payment made to the contract, then the next oldest purchase payment, and so forth. CDSC provisions vary by state. Refer to the contract for state specific information.

The CDSC applies as follows:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5** | **6** | **7+** |
| CDSC Percentage | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 5% | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 3% | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 0% |

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Earnings are not subject to the CDSC, but may not be distributed prior to the distribution of all purchase payments. (For tax purposes, a withdrawal is usually treated as a withdrawal of earnings first.)

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The CDSC is used to cover sales expenses, including commissions, production of sales material, and other promotional expenses. If expenses are greater than the CDSC, the shortfall will be made up from Nationwide's general assets, which may indirectly include portions of the Variable Account charges, since Nationwide may generate a profit from these charges.

All or a portion of any withdrawal may be subject to federal income taxes. Contract Owners taking withdrawals before age 59½ may be subject to a 10% penalty tax.

Additional purchase payments applied to the contract after receiving the benefit associated with the Spousal Protection Feature are subject to the CDSC provisions of the contract. However, no CDSC will apply to purchase payments applied to the contract before the death of the first spouse.

***Waiver of Contingent Deferred Sales Charge***

The maximum amount that can be withdrawn annually without a CDSC is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 10% of purchase payments that are still subject to CDSC (which is equal to the total purchase payments subject to CDSC minus purchase payments previously withdrawn that were subject to CDSC) ; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) any amount withdrawn to meet minimum distribution requirements for this contract under the Internal Revenue Code.

This CDSC-free withdrawal privilege is non-cumulative. Free amounts not taken during any given Contract Year cannot be taken as free amounts in a subsequent Contract Year.

**Note:** CDSC-free withdrawals do not count as "purchase payments previously withdrawn that were subject to CDSC" and, therefore, do not reduce the amount used to calculate subsequent CDSC-free withdrawal amounts.

In addition, no CDSC will be deducted:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) upon the annuitization of contracts which have been in force for at least two years;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) upon payment of a death benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) from any values which have been held under a contract for at least seven years (five years if the Five-Year CDSC is elected); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) if an optional death benefit is elected and the conditions described in the Long-Term Care/Nursing Home and Terminal Illness Waiver section are met.

No CDSC applies to transfers between or among the various investment options in the contract.

A contract held by a Charitable Remainder Trust (within the meaning of Internal Revenue Code Section 664) may withdraw the greater of (i) the amount available under the CDSC-free withdrawal privilege described above, and (ii) the difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Contract Value at the close of the day prior to the date of the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the total purchase payments made to the contract as of the date of the withdrawal (less an adjustment for amounts previously withdrawn).

The CDSC will not be eliminated if to do so would be unfairly discriminatory or prohibited by state law.

***Long-Term Care/Nursing Home and Terminal Illness Waiver***

The death benefit options (but not the standard death benefit) include a Long-Term Care/Nursing Home and Terminal Illness Waiver. This benefit may not be available in every state.

Under this provision, no CDSC will be charged if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the third Contract Anniversary has passed and the Contract Owner has been confined to a long-term care facility or hospital for a continuous 90-day period that began after the contract issue date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Contract Owner has been diagnosed by a physician at any time after contract issuance to have a terminal illness and Nationwide receives and records a letter from that physician indicating such diagnosis.

Written notice and proof of terminal illness or confinement for 90 days in a hospital or long-term care facility must be received in a form satisfactory to Nationwide and recorded at the Service Center prior to waiver of the CDSC.

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In the case of joint ownership, the waivers will apply if either joint owner meets the qualifications listed above.

For those contracts that have a non-natural person as Contract Owner as an agent for a natural person, the Annuitant may exercise the right of the Contract Owner for purposes described in this provision. If the non-natural Contract Owner does not own the contract as an agent for a natural person (e.g., the Contract Owner is a corporation or a trust for the benefit of an entity), the Annuitant may not exercise the rights described in this provision.

**Note:** The benefit associated with this feature is the waiver of CDSC under certain circumstances. This feature is not intended to provide or imply that the contract provides long-term care or nursing home insurance coverage.

**Premium Taxes**

Certain states or other governmental entities charge premium tax on purchase payments. Nationwide will charge against the Contract Value any premium taxes levied by a state or other government entity. Premium tax rates currently range from 0% to 3.5% and vary from state to state. The range is subject to change. Nationwide will assess premium taxes to the contract at the time Nationwide is assessed the premium taxes by the state. **Premium taxes may be deducted from death benefit proceeds.**

**Loan Processing Fee and Loan Interest Charge** 

Nationwide charges a Loan Processing Fee at the time each new loan is processed. The Loan Processing Fee will not exceed $25 per loan processed. This fee compensates Nationwide for expenses related to administering and processing loans. Some states may not allow Nationwide to assess a Loan Processing Fee. The fee is taken from all of the investment options in proportion to the Contract Value at the time the loan is processed.

Nationwide also assesses a loan interest charge, assessed as a reduction to the credited interest rate. The loan interest rate is determined, based on market conditions, at the time of loan application or issuance. The loan balance in the collateral Fixed Account is credited with interest at 2.25% less than the loan interest rate. Thus, the net loan interest charge is an annual rate of 2.25%, which is applied against the outstanding loan balance. The Annual Loan Interest Charge will not exceed 2.25%.

For more detailed information about loans, see *Loan Privilege*.

**Reduced Purchase Payment Option** 

For an additional charge equal to an annualized rate of 0.25% of the Daily Net Assets, an applicant can elect the Reduced Purchase Payment Option. The charge will be assessed until the annuitization unless the Contract Owner terminates the option. The Reduced Purchase Payment Option reduces the initial purchase payment for that contract to $1,000 and the minimum subsequent purchase payment for that contract to $25. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Five Year CDSC Option** 

For an additional charge equal to an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the Five-Year CDSC Option, which reduces the standard CDSC schedule to a five-year CDSC schedule. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Additional Withdrawal Without Charge and Disability Waiver** 

Each contract has a standard 10% CDSC-free withdrawal privilege each year. For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, the Contract Owner can, each year, withdraw an additional 5% of total purchase payments without incurring a CDSC. This option also contains a disability waiver whereby Nationwide will waive CDSC if a Contract Owner (or Annuitant if the contract is owned by a non-natural owner) is disabled after the contract is issued but before reaching age 65. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

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**10 Year and Disability Waiver** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can elect the 10 Year and Disability Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner has been the owner of the contract for at least 10 years, and the Contract Owner has made regular payroll deferrals during the entire Contract Year for at least five of those 10 years. This option also contains a disability waiver whereby Nationwide will waive CDSC if the Contract Owner is disabled after the contract is issued but before reaching age 65. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Hardship Waiver** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can purchase the Hardship Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner experiences a hardship (as defined for purposes of Internal Revenue Code Section 401(k)). The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is generally described as the greatest of Contract Value, net purchase payments, and highest Contract Value on any Contract Anniversary before Annuitant's 86<sup>th</sup> birthday, and includes the Spousal Protection Feature and the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**One-Year Step Up Death Benefit Option** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant can elect the One-Year Step Up Death Benefit Option. The One-Year Step Up Death Benefit Option is only available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. The One-Year Step Up Death Benefit Option is generally described as the greatest of Contract Value, net purchase payments, and highest Contract Value on any Contract Anniversary before Annuitant's 86th birthday, and includes the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection** 

For an additional charge at an annualized rate of 0.20% of the Daily Net Assets, an applicant can elect the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection. The Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is generally described as the greatest of Contract Value, net purchase payments, highest Contract Value on any Contract Anniversary before Annuitant's 86th birthday, and the interest anniversary value (purchase payments, accumulated at the Interest Anniversary Rate until the last Contract Anniversary prior to the Annuitant's 86th birthday), and includes the Spousal Protection Feature and the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**5% Enhanced Death Benefit Option** 

For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, an applicant can elect 5% Enhanced Death Benefit Option. The 5% Enhanced Death Benefit Option is only 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. The 5% Enhanced Death Option is generally described as the greater of Contract Value and the interest anniversary value (purchase payments, accumulated at the Interest Anniversary Rate until the last Contract Anniversary

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prior to the Annuitant's 86th birthday), and includes the Long-Term Care/Nursing Home and Terminal Illness Waiver. The charge will be assessed until annuitization. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Guaranteed Minimum Income Benefit Options** 

For contracts issued prior to May 1, 2003, two Guaranteed Minimum Income Benefit Options were available at the time of application. If the applicant elected one or both of the Guaranteed Minimum Income Benefit Options, Nationwide will deduct an additional charge at an annualized rate of 0.45% and/or 0.30% of the Daily Net Assets, depending on the option chosen. The charge will be assessed until annuitization. A GMIB is a benefit that ensures the availability of a minimum amount when the Contract Owner wishes to annuitize the contract. This minimum amount may be used to provide a guaranteed level of lifetime annuity payments. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Extra Value Option** 

Applicants can elect the Extra Value Option, in which case Nationwide will apply a credit to the contract equal to 3% of each purchase payment made to the contract for the first 12 months the contract is in force. In exchange, Nationwide will assess an additional charge equal to an annualized rate of 0.45% of the Daily Net Assets for the first seven Contract Years. In addition, allocations made to the Fixed Account and the GTOs will be assessed a fee of 0.45% for the first seven Contract Years. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Beneficiary Protector Option** 

For an additional charge equal to an annualized rate of 0.40% of the Daily Net Assets, an applicant or an existing Contract Owner can elect the Beneficiary Protector Option. In addition, allocations to the Fixed Account or the Guaranteed Term Options will be assessed a fee of 0.40%. The charge will be assessed until the earlier of annuitization or after the benefit has been credited to the contract. The Beneficiary Protector Option provides that upon the death of the Annuitant, and in addition to any death benefit payable, Nationwide will credit an additional amount to the contract (the "benefit"). For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Capital Preservation Plus Option** 

For contracts with the Capital Preservation Plus Option, Nationwide will assess an additional charge equal to an annualized rate of 0.50% of the Daily Net Assets. In addition, allocations to the Guaranteed Term Options will be assessed a fee of 0.50%. The charge will be assessed until annuitization. The Capital Preservation Plus Option provides a "return of principal" guarantee over an elected period of time. Contract Value at the end of the program period will be no less than Contract Value at the beginning of the program period, regardless of market performance. For more detailed information about this option, see *Benefits Under the Contract*. Nationwide may realize a profit from this charge.

**Removal of Variable Account Charges** 

For certain optional benefits, a charge is assessed only for a specified period of time. To remove the charge, Nationwide systematically re-rates the contract. This re-rating results in lower contract charges, but no change in Contract Value or any other contractual benefit.

Re-rating involves two steps: the adjustment of contract expenses and the adjustment of the number of units in the contract.

The first step, the adjustment of contract expenses, involves removing the charge from the unit value calculation.

***Example:***<br>

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&nbsp;&nbsp; On a contract where the only optional benefit elected is the Extra Value Option, the Variable <br> Account value will be calculated using unit values with Variable Account charges of 1.40% <br> for the first seven Contract Years. At the end of that period, the charge associated with the <br> Extra Value Option will be removed. From that point on, the Variable Account value will be <br> calculated using the unit values with Variable Account charges at 0.95%. Thus, the Extra <br> Value Option charge is no longer included in the daily Sub-Account valuation for the <br> contract.<br>

The second step of the re-rating process, the adjustment of the number of units in the contract, is necessary in order to keep the re-rating process from altering the Contract Value. Generally, for any given Sub-Account, the higher the Variable Account charges, the lower the unit value, and vice versa.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Sub-Account X with charges of 1.40% will have a lower unit value than Sub-Account X with <br> charges of 0.95% (higher expenses result in lower unit values). When, upon re-rating, the <br> unit values used in calculating Variable Account value are dropped from the higher expense <br> level to the lower expense level, the higher unit values will cause an incidental increase in <br> the Contract Value. In order to avoid this incidental increase, Nationwide adjusts the number <br> of units in the contract down so that the Contract Value after the re-rating is the same as the <br> Contract Value before the re-rating.<br>|

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**Underlying Mutual Fund Charges** 

In addition to the charges indicated above, the underlying mutual funds in which the Sub-Accounts invest have their own fees and charges which are paid out of the assets of the underlying mutual fund. More information about the fees and charges of the underlying mutual funds can be found in the prospectus for each underlying mutual fund which can be obtained free of charge by visiting the website listed in *Appendix A: Investment Options Available Under the Contract* or contacting Nationwide's Service Center.

**Market Value Adjustment** 

A withdrawal or transfer from a Guaranteed Term Option (GTO) prior to its maturity date, including to annuitize the contract, will be assessed a market value adjustment. A market value adjustment will also apply to the calculation of the death benefit if amounts are allocated to a GTO and Contract Value is a factor used to calculate the death benefit. The application of the market value adjustment could result in a loss. In extreme circumstances, such losses could be as high as 100% of the amount withdrawn or transferred.

A market value adjustment is in addition to any applicable CDSC.

The market value adjustment is determined by multiplying a market value adjustment factor (arrived at by using the market value adjustment formula, which can be obtained by contacting the Service Center) by the "specified value" (or the portion of the specified value being withdrawn), which is the amount allocated to the GTO, plus interest accrued at the specified interest rate, minus prior withdrawals. The market value adjustment may either increase or decrease the amount of the withdrawal.

The market value adjustment is intended to approximate, without duplicating, Nationwide's experience when it liquidates assets in order to satisfy contractual obligations. Such obligations arise when contract owners make withdrawals, or when the operation of the contract requires a distribution.

A Contract Owner may call the Service Center to obtain the current market value adjustment applicable to each of their Guaranteed Term Options. The market value adjustment fluctuates daily, and the quoted market value adjustment may differ from the actual market value adjustment assessed on a withdrawal or transfer.

Because a market value adjustment can affect the value of a withdrawal, its effects should be carefully considered before surrendering or transferring from Guaranteed Term Options. Contact the Service Center for additional information on the Guaranteed Term Options.

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**Profitability** 

Nationwide does consider profitability when determining the charges in the contract. In early Contract Years, Nationwide does not anticipate earning a profit, since that is a time when administrative and distribution expenses are typically higher. Nationwide does, however, anticipate earning a profit in later Contract Years. In general, Nationwide's profit will be greater the higher the investment return and the longer the contract is held.

**The Contract in General**

**Types of Contracts Issued** 

The contracts may be issued as either individual or group contracts. In those states where contracts are issued as group contracts, references throughout this prospectus to "contract(s)" will also mean "certificate(s)" and "Contract Owner" will mean "participant" unless the plan permits or requires the Contract Owner to exercise contract rights under the terms of the plan.

The contracts can be categorized as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Charitable Remainder Trusts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Individual Retirement Annuities ("IRAs") with contributions rolled over or transferred from certain tax-qualified plans\*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Investment-Only Contracts (Qualified Plans)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-Qualified Contracts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Roth IRAs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Simplified Employee Pension IRAs ("SEP IRAs")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Simple IRAs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tax Sheltered Annuities with contributions rolled over or transferred from certain Tax Sheltered Annuities\*

\*

Contributions are not required to be rolled over or transferred if the Contract Owner elects the Reduced Purchase Payment Option.

Nationwide no longer issues the contract as a Tax Sheltered Annuity, except to participants in ERISA and ORP plans that have purchased a Nationwide individual annuity contract before September 25, 2007.

For more detailed information about the differences in contract types, see *Appendix B: Contract Types and Tax Information*.

The contracts described in this prospectus are no longer available for purchase.

**Minimum Initial and Subsequent Purchase Payments**

All purchase payments must be paid in the currency of the United States of America. The minimum initial purchase payment is $15,000. The minimum subsequent purchase payment is $1,000.

If the Contract Owner elects the Reduced Purchase Payment Option, minimum initial and subsequent purchase payment requirements will be reduced accordingly.

Some states have different minimum initial and subsequent purchase payment amounts, and subsequent purchase payments may not be permitted in all states. Contact the Service Center for information on initial and subsequent purchase payment requirements in a particular state.

Extra Value Option credits may not be used to meet minimum purchase payment requirements.

**Nationwide reserves the right to refuse any purchase payment that would result in the cumulative total for all contracts issued by Nationwide or its affiliates or subsidiaries on the life of any one Annuitant or owned by any one Contract Owner to exceed $1,000,000.** Its decision as to whether or not to accept a purchase payment in excess of that amount will be based on one or more factors, including, but not limited to: age, spouse age (if applicable), Annuitant age, state of issue, total purchase payments, optional benefits elected, current market conditions, and current hedging costs. All such decisions will be based on internally established actuarial guidelines and will be applied in a non-discriminatory manner. In the event that Nationwide does not accept a purchase payment under these guidelines, the purchase payment will be immediately returned in its entirety in the same manner as it was received. If Nationwide

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accepts the purchase payment, it will be applied to the contract immediately and will receive the next calculated Accumulation Unit value. Any references in this prospectus to purchase payment amounts in excess of $1,000,000 are assumed to have been approved by Nationwide.

Nationwide prohibits subsequent purchase payments made after death of the Contract Owner(s), the Annuitant, or Co-Annuitant. If upon notification of death of the Contract Owner(s), the Annuitant, or Co-Annuitant, it is determined that death occurred prior to a subsequent purchase payment being made, Nationwide reserves the right to return the purchase payment.

**Dollar Limit Restrictions** 

Certain features of the contract have additional purchase payment and/or Contract Value limitations associated with them:

*Guaranteed Term Options.* The minimum amount that may be allocated to a Guaranteed Term Option is $1,000.

**Money Laundering** 

In order to comply with the USA PATRIOT Act and rules promulgated thereunder, Nationwide has implemented procedures designed to prevent contracts described in this prospectus from being used to facilitate money laundering or the financing of terrorist activities. If mandated under applicable law, Nationwide may be required to reject a purchase payment and/or block a Contract Owner's account and thereby refuse to process any request for transfers, withdrawals, surrenders, loans, or death benefits until instructions are received from the appropriate regulators. Nationwide may also be required to provide additional information about a Contract Owner or a Contract Owner's account to governmental regulators.

**Replacements** 

If the contract described in this prospectus is replacing another variable annuity, the mortality tables used to determine the amount of annuity payments for this contract may be less favorable than those in the contract being replaced. Additionally, upon replacement, all benefits accrued under the replaced contract are forfeited. The issuance of this contract as a replacement for any investment product may result in the payment of compensation to the financial professional, which could create a conflict of interest.

**Contestability** 

Nationwide will not contest the contract.

**Payments to Minors** 

Nationwide will not pay insurance proceeds directly to minors. Contact a legal advisor for options to facilitate the timely availability of monies intended for a minor's benefit.

**Contract Misuse** 

The annuity described in this prospectus is intended to provide benefits to a single individual and his/her beneficiaries. It is not intended to be used by institutional investors, in connection with other Nationwide contracts that have the same Annuitant, or in connection with other Nationwide contracts that have different Annuitants, but the same Contract Owner. If Nationwide determines that the risks it intended to assume in issuing the contract have been altered by misusing the contract as described above, Nationwide reserves the right to take any action it deems necessary to reduce or eliminate the altered risk. Nationwide also reserves the right to take any action it deems necessary to reduce or eliminate altered risk resulting from materially false, misleading, incomplete, or otherwise deficient information provided by the Contract Owner.

**Nationwide's General Account Obligations** 

Nationwide is obligated to pay all amounts promised to Contract Owners under the contract. Any obligations Nationwide has to Contract Owners under the contracts in excess of the Contract Value are paid from the General Account and are subject to Nationwide's creditors and ultimately, its overall claims paying ability.

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**Contractual Guarantees** 

These contracts are offered to customers of various financial institutions and brokerage firms. No financial institution or brokerage firm is responsible for any of the contractual insurance benefits and features guaranteed under the contracts. *These guarantees are the sole responsibility of Nationwide*.

**Reservation of Rights**

In addition to rights that Nationwide specifically reserves elsewhere in this prospectus, Nationwide reserves the right, subject to any applicable regulatory approvals, to perform any or all of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• close Sub-Accounts to additional purchase payments on existing contracts or close Sub-Accounts for contracts purchased on or after specified dates. Changes of this nature will be made as directed by the underlying mutual funds or because Nationwide determines that the underlying mutual fund is no longer suitable (see *Underlying Mutual Fund Service Fee Payments)*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make changes required by any change in the federal securities laws, including, but not limited to, the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, or any other changes to the Securities and Exchange Commission's rules and regulations thereunder or interpretation thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make any changes necessary to maintain the status of the contracts as annuities under the Internal Revenue Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• make any changes required by federal or state laws with respect to annuity contracts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• suspend or discontinue sale of the contracts. The decision to suspend or discontinue sale of the contracts is made at Nationwide's discretion. Any decision of this nature would not impact current Contract Owners.

Contract Owners will be notified of any resulting changes by way of a supplement to the prospectus.

**Distribution, Promotional, and Sales Expenses** 

Nationwide pays commissions to the firms that sell the contracts. The maximum gross commission that Nationwide will pay on the sale of the contracts is 6.5% of purchase payments. **Note:** The individual financial professionals typically receive only a portion of this amount; the remainder is retained by the firm. Nationwide may also, instead of a premium-based commission, pay an asset-based commission (sometimes referred to as "trails" or "residuals"), or a combination of the two.

In addition to or partially in lieu of commission, and to the extent permitted by SEC and FINRA rules and other applicable laws and regulations, Nationwide may also pay the selling firms a marketing allowance, which is based on the firm's ability and demonstrated willingness to promote and market Nationwide's products. How any marketing allowance is spent is determined by the firm, but generally will be used to finance firm activities that may contribute to the promotion and marketing of Nationwide's products, which may include but not be limited to providing conferences or seminars, sales or training programs, advertising and sales campaigns regarding the contracts, and payments to assist a firm in connection with its administrative systems, operations and marketing expenses and/or other events or activities sponsored by the firms.

Nationwide may also host training and/or educational meetings including the cost of travel, accommodations and meals for firms that sell the contracts as well as assist such firms with marketing or advertisement costs.

For more information on the exact compensation arrangement associated with this contract, consult your financial professional.

**Underlying Mutual Fund Service Fee Payments** 

***Nationwide's Relationship with the Underlying Mutual Funds*** 

The underlying mutual funds incur expenses each time they sell, administer, or redeem their shares. The Variable Account aggregates Contract Owner purchase, redemption, and transfer requests and submits net or aggregated purchase/redemption requests to each underlying mutual fund on each Valuation Date. The Variable Account (not the Contract Owners) is the underlying mutual fund shareholder. When the Variable Account aggregates transactions, the underlying mutual fund does not incur the expense of processing individual transactions it would normally incur if it sold its shares directly to the public. Nationwide incurs these expenses instead.

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Nationwide also incurs the distribution costs of selling the contract (as discussed above), which benefit the underlying mutual funds by providing Contract Owners with Sub-Account options that correspond to the underlying mutual funds.

An investment adviser or subadviser of an underlying mutual fund or its affiliates may provide Nationwide or its affiliates with wholesaling services that assist in the distribution of the contract and may pay Nationwide or its affiliates to participate in educational and/or marketing activities. These activities may provide the adviser or subadviser (or their affiliates) with increased exposure to persons involved in the distribution of the contract.

***Types of Payments Nationwide Receives*** 

In light of the above, the underlying mutual funds and their affiliates make certain payments to Nationwide or its affiliates (the "payments"). The amount of these payments is typically based on a percentage of assets invested in the underlying mutual funds attributable to the contracts and other variable contracts Nationwide and its affiliates issue, but in some cases may involve a flat fee. These payments are made for various purposes, including payments for the services provided and expenses incurred by the Nationwide companies in promoting, marketing and administering the contracts and underlying funds. Nationwide may realize a profit on the payments received.

Nationwide or its affiliates receive the following types of payments:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Underlying mutual fund 12b-1 fees, which are deducted from underlying mutual fund assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Sub-transfer agent fees or fees pursuant to administrative service plans adopted by the underlying mutual fund, which may be deducted from underlying mutual fund assets; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Payments by an underlying mutual fund's adviser or subadviser (or its affiliates), from their own revenues. Such payments are not from underlying mutual fund assets. However, the revenues from which such payments are made may be derived from advisory fees, which are deducted from underlying mutual fund assets and are reflected in mutual fund charges.

Furthermore, Nationwide benefits from assets invested in Nationwide's affiliated underlying mutual funds (*i.e.*, Nationwide Variable Insurance Trust) because its affiliates also receive compensation from the underlying mutual funds for investment advisory, administrative, transfer agency, distribution, and/or other services provided. Thus, Nationwide may receive more revenue with respect to affiliated underlying mutual funds than unaffiliated underlying mutual funds.

Nationwide took into consideration the anticipated mutual fund service fee payments from the underlying mutual funds when it determined the charges imposed under the contracts. Without these mutual fund service fee payments, Nationwide would have imposed higher charges under the contract.

***Amount of Payments Nationwide Receives*** 

For the year end December 31, 2025, the underlying mutual fund service fee payments Nationwide and its affiliates received from the underlying mutual funds did not exceed 0.75% (as a percentage of the average Daily Net Assets invested in the underlying mutual funds) offered through the contract or other variable contracts that Nationwide and its affiliates issue. Payments from investment advisers or subadvisers to participate in educational and/or marketing activities have not been taken into account in this percentage.

Most underlying mutual funds or their affiliates have agreed to make payments to Nationwide or its affiliates, although the applicable percentages may vary from underlying mutual fund to underlying mutual fund and some may not make any payments at all. Because the amount of the actual payments Nationwide and its affiliates receive depends on the assets of the underlying mutual funds attributable to the contract, Nationwide and its affiliates may receive higher payments from underlying mutual funds with lower percentages (but greater assets) than from underlying mutual funds that have higher percentages (but fewer assets).

For contracts owned by an employer sponsored retirement plan subject to ERISA, upon a plan trustee's request, Nationwide will provide a best estimate of plan-specific, aggregate data regarding the amount of underlying mutual fund service fee payments Nationwide received in connection with the plan's investments either for the previous calendar year or plan year, if the plan year is not the same as the calendar year.

***Identification of Underlying Mutual Funds*** 

Nationwide may consider several criteria when identifying the underlying mutual funds, including some or all of the following: investment objectives, investment process, risk characteristics, investment capabilities, experience and resources, investment consistency, fund expenses, asset class coverage, the alignment of the investment objectives of the underlying mutual fund with Nationwide's hedging strategy, the strength of the adviser's or subadviser's reputation and tenure, brand recognition, and the capability and qualification of each investment firm. Other factors Nationwide may

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consider during the identification process are: whether the underlying mutual fund's adviser or subadviser is a Nationwide affiliate; whether the underlying mutual fund or its service providers (e.g. the investment adviser or subadvisers), or its affiliates will make mutual fund service fee payments to Nationwide or its affiliates in connection with certain administrative, marketing, and support services; or whether affiliates of the underlying mutual fund can provide marketing and distribution support for sales of the contracts. For additional information on these arrangements, see above*.* Nationwide reviews the funds periodically and may remove a fund or limit its availability to new contributions and/or transfers of account value if Nationwide determines that a fund no longer satisfies one or more of the selection criteria, and/or if the fund has not attracted significant allocations from Contract Owners.

Nationwide does not recommend or endorse any particular fund and it does not provide investment advice.

There may be underlying mutual funds with lower fees and expenses, as well as other variable contracts that offer underlying mutual funds with lower fees and expenses. The purchaser should consider all of the fees and charges of the contract in relation to its features and benefits when making a decision to invest. **Note:** Higher contract and underlying mutual fund fees and expenses have a direct effect on and may lower investment performance.

**Treatment of Unclaimed Property** 

Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period of inactivity of three to five years from the contract's Annuity Commencement Date or the date Nationwide becomes informed that a death benefit is due and payable. For example, if the payment of a death benefit has been triggered, but, if after a thorough search, Nationwide is still unable to locate the beneficiary of the death benefit, or the beneficiary does not come forward to claim the death benefit in a timely manner, the death benefit will be surrendered and placed in a non-interest bearing account. While in the non-interest bearing account, Nationwide will continue to perform due diligence required by state law. Once the state mandated period has expired, Nationwide will escheat the death benefit to the abandoned property division or unclaimed property office of the state in which the beneficiary or the Contract Owner last resided, as shown on Nationwide's books and records, or to Ohio, Nationwide's state of domicile. If a claim is subsequently made, the state is obligated to pay any such amount (without interest) to the designated recipient upon presentation of proper documentation.

To prevent escheatment, it is important to update beneficiary designations - including complete names, complete addresses, phone numbers, and social security numbers - as they change. Such updates should be sent to the Service Center.

**Benefits Under the Contract** 

**The following tables summarize information about the benefits under the contract.** The Standard Benefits table indicates the benefits that are available under the contract and for which there is no additional charge. The Optional Benefits table indicates the benefits that are (or were) available under the contract that are optional – they must be affirmatively elected by the applicant and may have an additional charge. The availability of contract benefits may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations*).

**Standard Benefits Table** 

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| | | | |
|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Brief Description of Restrictions/Limitations** |
| Standard Death Benefit | Death benefit upon <br> death of Annuitant prior <br> to Annuitization<br>|  | &nbsp;&nbsp;&nbsp; ● Nationwide may limit purchase payments to <br> $1,000,000<br>|
| Asset Rebalancing (see <br> *Contract Owner* <br> *Services)*<br>| Automatic reallocation <br> of assets on a <br> predetermined <br> percentage basis<br>|  | &nbsp;&nbsp;&nbsp; ● Assets in the Fixed Account and GTOs are <br> excluded from the program<br>|

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| | | | |
|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Brief Description of Restrictions/Limitations** |
| Dollar Cost Averaging <br> (see *Contract Owner* <br> *Services)*<br>| Long-term transfer <br> program involving <br> automatic transfer of <br> assets<br>|  | &nbsp;&nbsp;&nbsp; ● Transfers are only permitted from the Fixed Account <br> and a limited number of Sub-Accounts<br> ● Transfers may not be directed to the Fixed Account <br> or GTOs<br> ● Transfers from the Fixed Account must be equal to <br> or less than 1/30th of the Fixed Account value at <br> the time the program is requested<br>|
| Enhanced Fixed <br> Account Dollar Cost <br> Averaging (see *Contract* <br> *Owner Services)*<br>| Long-term transfer <br> program involving <br> automatic transfer of <br> Fixed Account <br> allocations with higher <br> interest crediting rate<br>|  | &nbsp;&nbsp;&nbsp; ● Transfers are only permitted from the Fixed Account<br> ● Only new purchase payments to the contract are <br> eligible for the program<br> ● Transfers may not be directed to the Fixed Account <br> or GTOs<br>|
| Systematic Withdrawals <br> (see *Contract Owner* <br> *Services)*<br>| Automatic withdrawals <br> of Contract Value on a <br> periodic basis<br>|  | ● Withdrawals must be at least $100 each |

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**Optional Benefits Table** 

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Loans (see *Loan* <br> *Privilege*)<br>| Loan from Contract <br> Value<br>| $25 Loan <br> Processing <br> Fee and <br> 2.25% <br> compound <br> interest on <br> outstanding <br> loan balance<br>| $25 Loan <br> Processing <br> Fee and <br> 2.25% <br> compound <br> interest on <br> outstanding <br> loan balance<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of Tax <br> Sheltered Annuities<br> ● Subject to terms of the Tax <br> Sheltered Annuity plan<br> ● Minimum and maximum loan <br> amounts apply<br> ● Loans must be repaid within a <br> specified period<br> ● Loan payments must be made at <br> least quarterly<br>|
| Reduced Purchase <br> Payment Option<br>| Reduction to minimum <br> initial purchase payment <br> and subsequent <br> purchase payment <br> requirements<br>| 0.25% (Daily <br> Net Assets)<br>| 0.25% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Not available for Investment-Only <br> Contracts<br>|
| Five Year CDSC Option | Reduction of standard <br> CDSC schedule<br>| 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● Not available if the Extra Value <br> Option is elected<br>|
| Additional Withdrawal <br> Without Charge and <br> Disability Waiver<br>| CDSC waiver and <br> increased CDSC-free <br> withdrawal privilege<br>| 0.10% (Daily <br> Net Assets)<br>| 0.10% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective due to <br> disability, no additional purchase <br> payments are permitted<br>|
| 10 Year and Disability <br> Waiver<br>| CDSC waiver | 0.05% (Daily <br> Net Assets)<br>| 0.05% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of a Tax <br> Sheltered Annuity<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective due to <br> disability, no additional purchase <br> payments are permitted<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Hardship Waiver | CDSC waiver | 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Only available to owners of a Tax <br> Sheltered Annuity<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● CDSC waiver is subject to conditions<br> ● If waiver becomes effective, no <br> additional purchase payments are <br> permitted<br>|
| One-Year Enhanced <br> Death Benefit with <br> Long-Term Care/<br> Nursing Home Waiver <br> and Spousal Protection<br>| Enhanced death benefit | 0.15% (Daily <br> Net Assets)<br>| 0.15% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● May not be elected if another death <br> benefit option is elected<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Spousal Protection Feature<br> ● Not applicable to Charitable <br> Remainder Trusts<br> ● One or both spouses (or a revocable <br> trust of which either or both of the <br> spouses is/are grantor(s)) must be <br> named as the Contract Owner<br> ● For contracts issued as an IRA or <br> Roth IRA, only the person for whom <br> the IRA or Roth IRA was established <br> may be named as the Contract <br> Owner<br> ● Only available to Contract Owner's <br> spouse<br> ● Spouses must be Co-Annuitants<br> ● Both spouses must be 85 or younger <br> at contract issuance<br> ● Spouses must be named as <br> beneficiaries<br> ● No other person may be named as <br> Contract Owner, Annuitant, or <br> primary beneficiary<br> ● If the Contract Owner requests to <br> add a Co-Annuitant after contract <br> issuance, the date of marriage must <br> be after the contract issue date and <br> Nationwide will require the Contract <br> Owner to provide a copy of the <br> marriage certificate<br> ● Benefit is forfeited if certain changes <br> to the parties or assignments are <br> made<br>|
| One-Year Step Up <br> Death Benefit Option<br>| Enhanced death benefit | 0.05% (Daily <br> Net Assets)<br>| 0.05% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Greater of One-Year or <br> 5% Enhanced Death <br> Benefit with Long-Term <br> Care/Nursing Home <br> Waiver and Spousal <br> Protection Option<br>| Enhanced death benefit | 0.20% (Daily <br> Net Assets)<br>| 0.20% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● May not be elected if another death <br> benefit option is elected<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Spousal Protection Feature<br> ● Not applicable to Charitable <br> Remainder Trusts<br> ● One or both spouses (or a revocable <br> trust of which either or both of the <br> spouses is/are grantor(s)) must be <br> named as the Contract Owner<br> ● For contracts issued as an IRA or <br> Roth IRA, only the person for whom <br> the IRA or Roth IRA was established <br> may be named as the Contract <br> Owner<br> ● Only available to Contract Owner's <br> spouse<br> ● Spouses must be Co-Annuitants<br> ● Both spouses must be 85 or younger <br> at contract issuance<br> ● Spouses must be named as <br> beneficiaries<br> ● No other person may be named as <br> Contract Owner, Annuitant, or <br> primary beneficiary<br> ● If the Contract Owner requests to <br> add a Co-Annuitant after contract <br> issuance, the date of marriage must <br> be after the contract issue date and <br> Nationwide will require the Contract <br> Owner to provide a copy of the <br> marriage certificate<br> ● Benefit is forfeited if certain changes <br> to the parties or assignments are <br> made<br>|
| 5% Enhanced Death <br> Benefit Option<br>| Enhanced death benefit | 0.10% (Daily <br> Net Assets)<br>| 0.10% (Daily <br> Net Assets)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Nationwide may limit purchase <br> payments to $1,000,000<br>|
| Guaranteed Minimum <br> Income Benefit Option 1<br>| Minimum guaranteed <br> value for annuitization<br>| 0.45% (Daily <br> Net Assets)<br>| 0.45% (Daily <br> Net Assets)<br>| ● No longer available for election<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Annuitization options are limited<br>|
| Guaranteed Minimum <br> Income Benefit Option 2<br>| Minimum guaranteed <br> value for annuitization<br>| 0.30% (Daily <br> Net Assets)<br>| 0.30% (Daily <br> Net Assets)<br>| ● No longer available for election<br> ● Must be elected at application<br> ● Election is irrevocable<br> ● Annuitization options are limited<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit** | **Purpose** | **Maximum** <br> **Fee**<br>| **Current Fee** | **Brief Description of Restrictions/**<br> **Limitations**<br>|
| Extra Value Option | Additional money is <br> deposited to the <br> contract (bonus credits)<br>| 0.45% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| 0.45% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Must be elected at application<br> ● Election is irrevocable<br> ● Bonus credit only applies to deposits <br> made during the first Contract Year<br> ● Bonus credits are subject to <br> recapture under certain <br> circumstances<br> ● Fixed Account allocations may be <br> restricted under certain <br> circumstances<br>|
| Beneficiary Protector <br> Option<br>| Payment of an amount <br> that could be used to <br> pay taxes assessed on <br> death benefit proceeds<br>| 0.40% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| 0.40% (Daily <br> Net Assets, <br> Fixed <br> Account <br> interest <br> credited, and <br> GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Election is irrevocable<br> ● Annuitant must be 70 or younger at <br> date of election<br>|
| Capital Preservation <br> Plus Option<br>| Principal protection | 0.50% (Daily <br> Net Assets <br> and GTO <br> guaranteed <br> rate of <br> return)<br>| 0.50% (Daily <br> Net Assets <br> and GTO <br> guaranteed <br> rate of <br> return)<br>| &nbsp;&nbsp;&nbsp; ● Limited availability<br> ● Must be elected at application<br> ● Investment restrictions apply<br> ● Not available if a loan is outstanding<br> ● No new loans are permitted<br> ● Additional purchase payments are <br> not permitted during the program <br> period<br> ● Enhanced Fixed Account Dollar Cost <br> Averaging is not available<br> ● Surrenders cannot be taken <br> exclusively from the GTO<br> ● Transfers to and from the GTO are <br> not permitted during the program <br> period<br> ● Restrictions on termination apply<br>|

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**Standard Death Benefit (Five-Year Reset Death Benefit)**

If the Annuitant dies before the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

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Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the Standard Death Benefit (Five-Year Reset Death Benefit) is <br> calculated, see *Appendix C: Standard Death Benefit (Five-Year Reset Death Benefit)* <br> *Example.*<br>|

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**Reduced Purchase Payment Option**

If the applicant elects the Reduced Purchase Payment Option, Nationwide will deduct an additional charge equal to an annualized rate of 0.25% of the Daily Net Assets. This option must be elected at the time of application. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization, unless the Contract Owner terminates the option as described below. In return, the minimum initial purchase payment for that contract will be $1,000 and minimum subsequent purchase payment will be $25. This option is not available for Investment-Only Contracts. Nationwide may realize a profit from the charge assessed for this option.

The Contract Owner may terminate this option if, throughout a period of at least two years and continuing until such termination election, the total of all purchase payments, less surrenders is maintained at $25,000 or more.

The election to terminate the option must be submitted in writing to the Service Center on a form provided by Nationwide. Termination will occur as of the date on the election form, and after the termination, the charge for this option will no longer be assessed. Subsequent purchase payments, if any, will be subject to the terms of the contract and must be at least $1,000.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elected the Reduced Purchase Payment Option at the time of application. While the <br> option remains in effect, Nationwide will accept a minimum initial purchase payment of <br> $1,000 or more and will accept minimum subsequent purchase payments of $25 or more. <br> Those amounts are lower than what would be required had the Reduced Purchase Payment <br> Option not been elected.<br>|

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**Five Year CDSC Option** 

Applicants can elect the Five-Year CDSC Option, which reduces the standard seven-year CDSC Schedule to a five-year CDSC schedule. The Five-Year CDSC Option must be elected at the time of application, and the option is irrevocable. In exchange, Nationwide assesses a charge at an annualized rate of 0.15% of the Daily Net Assets. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization.

The CDSC schedule applicable if the Five Year CDSC Option is elected is:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of Completed Years from Date of Purchase Payment** | **0** | **1** | **2** | **3** | **4** | **5+** |
| CDSC Percentage | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 0% |

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Under this option, CDSC will not exceed 7% of purchase payments surrendered.

Nationwide may realize a profit from the charge assessed for this option.

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In the State of New York, the Five Year CDSC Option is available only for contracts issued as Roth IRAs and is not available when the Extra Value Option is elected.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. B elected the Five Year CDSC Option at the time of application. Mr. B elects to take a <br> partial withdrawal in the fourth year of his contract. Instead of applying the standard CDSC <br> schedule, Nationwide will apply the Five Year CDSC schedule, which results in a CDSC <br> percentage of 2% (3 completed Contract Years).<br>|

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**Additional Withdrawal Without Charge and Disability Waiver** 

Each contract has a standard 10% CDSC-free withdrawal privilege each year. For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, the Contract Owner can, each year, withdraw an additional 5% of total purchase payments without incurring a CDSC. This would allow the Contract Owner to withdraw a total of 15% of the total of all purchase payments each year free of CDSC. Like the standard 10% CDSC-free privilege, this additional withdrawal benefit is non-cumulative.

This option also contains a disability waiver. Nationwide will waive CDSC if a Contract Owner (or Annuitant if the contract is owned by a non-natural owner) is disabled after the contract is issued but before reaching age 65. If this waiver becomes effective due to disability, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. J elected the Additional Withdrawal Without Charge and Disability Waiver at the time of <br> application and he now wants to take a withdrawal from his contract. If Mr. J's withdrawal is <br> subject to a CDSC and he hasn't yet used his CDSC-free withdrawal privilege for that year, <br> Mr. J would be entitled to a 15% CDSC-free withdrawal, as opposed to the 10% CDSC-free <br> withdrawal that is applicable on standard contracts.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option.

**10 Year and Disability Waiver** 

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can elect the 10 Year and Disability Waiver. Under this option, Nationwide will waive CDSC if two conditions are met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Owner has been the owner of the contract for at least 10 years; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Contract Owner has made regular payroll deferrals during the entire Contract Year for at least five of those 10 years.

This option also contains a disability waiver. Nationwide will waive CDSC if the Contract Owner is disabled after the contract is issued but before reaching age 65. If this waiver becomes effective due to disability, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. Q elected the 10 Year and Disability Waiver at the time of application and is in her 11<sup>th</sup> <br> year of owning the contract. During that time, she made regular monthly payroll deposits <br> into the contract. Nationwide will waive any applicable CDSC on withdrawals from Ms. Q's <br> contract.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option.

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**Hardship Waiver** 

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant for a Tax Sheltered Annuity can purchase the Hardship Waiver. Under this option, Nationwide will waive CDSC if the Contract Owner experiences a hardship (as defined for purposes of Internal Revenue Code Section 401(k)). The Contract Owner may be required to provide proof of hardship.

If this waiver becomes effective, no additional purchase payments may be made to the contract.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elected the Hardship Waiver at the time of application and she would like to take a <br> hardship withdrawal from her contract. Nationwide will waive any applicable CDSC on the <br> hardship withdrawal, provided any request proof of hardship is provided and accepted by <br> Nationwide.<br>|

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This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option**.**

**One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option**

For an additional charge at an annualized rate of 0.15% of the Daily Net Assets, an applicant can elect the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the highest Contract Value on any Contract Anniversary prior to the Annuitant's 86<sup>th</sup> birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the One-Year Enhanced Death Benefit with Long-Term Care/<br> Nursing Home Waiver and Spousal Protection Option is calculated, see *Appendix D: One-*<br> *Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal* <br> *Protection Option Example.*<br>|

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The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met, and the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse.

**One-Year Step Up Death Benefit Option**

For an additional charge at an annualized rate of 0.05% of the Daily Net Assets, an applicant can elect the One-Year Step-Up Death Benefit Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and

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will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. The One-Year Step Up Death Benefit Option is only available until state approval is received for the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the highest Contract Value on any Contract Anniversary prior to the 86th birthday, less an adjustment for amounts subsequently withdrawn, plus purchase payments received after that Contract Anniversary.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the One-Year Step-Up Death Benefit Option is calculated, see <br> *Appendix E: One-Year Step Up Death Benefit Option Example*.<br>|

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The One-Year Step-Up Death Benefit Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met.

The One-Year Step-Up Death Benefit Option and the 5% Enhanced Death Benefit Option may both be elected, in which case the death benefit will be the greater of the two benefits.

**Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option**

For an additional charge at an annualized rate of 0.20% of the Daily Net Assets, an applicant can elect the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% compound interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

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Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the Greater of One-Year or 5% Enhanced Death Benefit with Long-<br> Term Care/Nursing Home Waiver and Spousal Protection Option is calculated, see <br> *Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/*<br> *Nursing Home Waiver and Spousal Protection Option Example.*<br>|

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The Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option also includes a Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met, and the Spousal Protection Feature, which allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse.

**5% Enhanced Death Benefit Option**

For an additional charge at an annualized rate of 0.10% of the Daily Net Assets, an applicant can elect the 5% Enhanced Death Benefit Option. This option must be elected at the time of application, and the option is irrevocable. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charge assessed for this option. The 5% Enhanced Death Benefit Option is only 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. This option, and any charge associated with it, will automatically terminate on the Annuitization Date.

If the Annuitant dies prior to the Annuitization Date, the death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% simple interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocated to a GTO.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; For an example of how the 5% Enhanced Death Benefit Option is calculated, see *Appendix* <br> *G: 5% Enhanced Death Benefit Option Example*<br>|

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The 5% Enhanced Death Benefit Option also includes the Long-Term Care/Nursing Home and Terminal Illness Waiver which allows for the withdrawals without CDSC if certain conditions are met.

The One-Year Step-Up Death Benefit Option and the 5% Enhanced Death Benefit Option may both be elected, in which case the death benefit will be the greater of the two benefits.

**Spousal Protection Feature** 

The One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option and the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option include a Spousal Protection Feature. The Spousal Protection Feature is not available for contracts issued as Charitable Remainder Trusts. The Spousal Protection Feature allows a surviving spouse to continue the contract while receiving the economic benefit of the death benefit upon the death of the other spouse, provided the conditions described below are satisfied:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The spouses must be Co-Annuitants;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Both spouses must be age 85 or younger at the time the contract is issued;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Both spouses must be named as beneficiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) No person other than the spouse may be named as Contract Owner, Annuitant, or primary beneficiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) If both spouses are alive upon annuitization, the Contract Owner must specify which spouse is the Annuitant upon whose continuation of life any annuity payments involving life contingencies depend (for an IRA or Roth IRA contract, this person must be the Contract Owner); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) 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.

If a Co-Annuitant dies before the Annuitization Date, the surviving spouse may continue the contract as its sole Contract Owner. Additionally, if the death benefit value is higher than the Contract Value at the time of the first Co-Annuitant's death, Nationwide will adjust the Contract Value to equal the death benefit value. The surviving Co-Annuitant may then name a new beneficiary but may not name another Co-Annuitant.

If the marriage of the Co-Annuitants terminates due to the death of a spouse, divorce, dissolution, or annulment, the Spousal Protection Feature terminates and the Contract Owner is not permitted to cover a subsequent spouse.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; On June 1, which is before her Annuitization Date, Ms. P passes away. Her death benefit <br> contains the Spousal Protection Feature. The death benefit on Ms. P's contract equals <br> $24,000.<br>|
| &nbsp;&nbsp; Ms. P was married to Mr. P at the time of her death. Under the Spousal Protection Feature, <br> assuming all conditions were met, Mr. P has the option, instead of receiving the $24,000 <br> death benefit, to continue the contract as if it were his own. If he elects to do so, the <br> Contract Value, if it is lower than $24,000, will be adjusted to equal the $24,000 death <br> benefit. From that point forward, the contract will be his and all provisions of the contract <br> apply. Upon Mr. P's death, his beneficiary will then receive a death benefit equal to the <br> elected death benefit under the contract.<br>|

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The Spousal Protection Feature may not apply if certain changes to the parties or assignments are made to the contract. Contract Owners contemplating changes to the parties to the contract, including assignments, should contact their financial professional to determine how the changes impact the Spousal Protection Feature.

**Guaranteed Minimum Income Benefit Options**

For contracts issued prior to May 1, 2003, an applicant could have elected one or both of the Guaranteed Minimum Income Benefit Options at the time of application. Once elected, the Guaranteed Minimum Income Benefit Options are irrevocable. If elected, Nationwide will deduct an additional charge at an annualized rate of 0.45% if GMIB Option 1 is elected and 0.30% of the Daily Net Assets if GMIB Option 2 is elected. The charges associated with these options are calculated and deducted daily as part of the Accumulation Unit value calculation, and will be assessed until annuitization. Nationwide may realize a profit from the charges assessed for these options.

A GMIB is a benefit that ensures the availability of a minimum amount when the Contract Owner wishes to annuitize the contract. This minimum amount, referred to as the Guaranteed Annuitization Value, may be used at specified times to provide a guaranteed level of determinable lifetime annuity payments. The GMIB may provide protection in the event of lower Contract Values that may result from the investment performance of the contract.

***How the Guaranteed Annuitization Value is Determined*** 

There are two options available at the time of application. The Guaranteed Annuitization Value is determined differently based on the option the Contract Owner elects.

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***Calculation Under GMIB Option 1*** 

The Guaranteed Annuitization Value is equal to (a) – (b), but will never be greater than 200% of all purchase payments, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of all purchase payments, plus interest accumulated at a compounded annual rate of 5% starting at the date of issue and ending on the Contract Anniversary occurring immediately prior to the Annuitant's 86<sup>th</sup> birthday; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the reduction to (a) due to withdrawals made from the contract. All such reductions will be proportionately the same as reductions to the Contract Value caused by withdrawals. For example, a surrender that reduces the Contract Value by 25% will also reduce the Guaranteed Annuitization Value by 25%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Assume the Guaranteed Annuitization Value = $100,000 and the Contract Value = $80,000 <br> at time of a $20,000 withdrawal. Therefore, the Contract Value would be reduced by 25% <br> ($20,000/$80,000), and the Guaranteed Annuitization Value would also be reduced by 25% <br> or $25,000 (25% x $100,000). As a result, the new Guaranteed Annuitization Value = <br> $75,000 ($100,000-$25,000).<br>|

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***Special Restrictions for GMIB Option 1*** 

After the first Contract Year, if the value of the Contract Owner's Fixed Account allocation becomes greater than 30% of the Contract Value in any Contract Year due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the application of additional purchase payments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) surrenders; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) transfers from the Sub-Accounts;

then 0% interest will accrue in that Contract Year for purposes of calculating the Guaranteed Annuitization Value.

If the Contract Owner's Fixed Account allocation becomes greater than 30% of the Contract Value solely as a result of fluctuations in the value of Sub-Account allocations, interest will continue to accrue for the purposes of the Guaranteed Annuitization Value at 5% annually, subject to the other terms and conditions outlined herein.

***Calculation Under GMIB Option 2*** 

The Guaranteed Annuitization Value will be equal to the highest Contract Value on any Contract Anniversary occurring prior to the Annuitant's 86<sup>th</sup> birthday, less an adjustment for amounts withdrawn, plus purchase payments received after that Contract Anniversary.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Assume the highest Contract Value on any Contract Anniversary prior to the Annuitant's <br> 86th birthday = $100,000 and the Contract Value = $80,000 at time of a $20,000 <br> withdrawal. Therefore, the Contract Value would be reduced by 25% ($20,000/$80,000), <br> and the Guaranteed Annuitization Value would also be reduced by 25% or $25,000 (25% x <br> $100,000). As a result, the new Guaranteed Annuitization Value = $75,000 <br> ($100,000-$25,000).<br>|

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***When the Guaranteed Annuitization Value May Be Used*** 

The Contract Owner may use the Guaranteed Annuitization Value by annuitizing the contract during the 30-day period following any Contract Anniversary, provided the contract has been in effect for seven years and the Annuitant has attained age 60.

***Annuity Payment Options That May Be Used With the Guaranteed Annuitization Value*** 

The Contract Owner may elect any life contingent fixed annuity payment option described in this provision, calculated using the guaranteed annuity purchase rates set forth in the contract. The permitted fixed annuity payment options include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Standard Joint and Survivor; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life with 10 or 20 Year Term Certain.

***Other GMIB Terms and Conditions*** 

While a GMIB does provide a Guaranteed Annuitization Value, a GMIB may not be appropriate for all investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A GMIB does NOT in any way guarantee the performance of any Sub-Account or any other investment option available under the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Once elected, the GMIB is irrevocable, meaning that even if the investment performance of the selected investment options surpasses the minimum guarantees associated with the GMIB, the GMIB charges will continue to be assessed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The GMIB in no way restricts or limits the rights of Contract Owners to annuitize the contract at other times permitted under the contract, nor will it in any way restrict the right to annuitize the contract using Contract Values that may be higher than the Guaranteed Annuitization Value.

Consult a qualified financial advisor in evaluating the GMIB options.

**Extra Value Option**

Applicants should be aware of the following prior to electing an Extra Value Option:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide may make a profit from the Extra Value Option charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Because the Extra Value Option charge will be assessed against the entire Contract Value for the first seven Contract Years, Contract Owners who anticipate making additional purchase payments after the first Contract Year (which will not receive the Extra Value Option credit(s) but will be assessed the Extra Value Option charge) should carefully examine the Extra Value Option and consult their financial professional regarding its desirability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide may take back or "recapture" all or part of the amount credited under the Extra Value Option in the event of early withdrawals, including revocation of the contract during the contractual free-look period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the market declines during the period that the Extra Value Option credit(s) is subject to recapture, the amount subject to recapture could decrease the amount of Contract Value available for withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The cost of the Extra Value Option and the recapture of the credits (in the event of a withdrawal) could exceed any benefit of receiving the Extra Value Option credits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Under certain circumstances, Nationwide may restrict the allocation of purchase payments to the Fixed Account when the Contract Owner elects or has elected an Extra Value Option. These restrictions may be imposed at Nationwide's discretion when economic conditions are such that Nationwide is unable to recoup the cost of providing the up-front Extra Value Option credits.

Applicants can elect the Extra Value Option, in which case Nationwide will apply a credit to the contract equal to 3% of each purchase payment made to the contract for the first 12 months the contract is in force. The Extra Value Option must be elected at the time of application, and the option is irrevocable. This credit, which is funded from Nationwide's General Account, will be allocated among the investment options in the same proportion that the purchase payment is allocated to the contract. For purposes of all benefits and taxes under these contracts, credits are considered earnings, not purchase payments.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. C elects the Extra Value Option and submits an initial purchase payment of $50,000. On <br> the date the initial purchase payment is applied (and in addition to that initial purchase <br> payment), Nationwide will apply another $1,500 (which is 3% of $50,000) to Mr. C's <br> contract.<br>|

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In exchange, Nationwide will assess an additional charge at an annualized rate of 0.45% of the Daily Net Assets. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation.

In addition, allocations made to the Fixed Account and the GTOs will be assessed a fee of 0.45%.

After the end of seven Contract Years, Nationwide will discontinue assessing the charges associated with the Extra Value Option and the amount credited under this option will be fully vested.

***Recapture of Extra Value Option Credits*** 

Nationwide will recapture amounts credited to the contract in connection with an Extra Value Option if:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Contract Owner cancels the contract pursuant to the free look provision;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Contract Owner takes a full withdrawal before the end of seven Contract Years; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Contract Owner takes a partial withdrawal that is subject to a CDSC.

Some state jurisdictions require a reduced recapture schedule. Refer to the contract for state specific information.

Contract Owners should carefully consider the consequences of taking a withdrawal that subjects part or all of the credit to recapture. If Contract Value decreases due to poor market performance, the recapture provisions could decrease the amount of Contract Value available for withdrawal. In other words, the dollar amount of the credit Nationwide recaptures will remain the same, but this amount may be a higher percentage of the Contract Value.

Nationwide will not recapture credits under the Extra Value Option under the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the withdrawal is not subject to a CDSC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the distribution is taken as a result of a death, annuitization, or to meet minimum distribution requirements for this contract under the Internal Revenue Code; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the withdrawal occurs after seven Contract Years.

***Recapture Resulting from Exercising Free-Look Privilege*** 

If the Contract Owner cancels the contract pursuant to the contractual free-look provision, Nationwide will recapture the entire amount credited to the contract under this option. In those states that require the return of purchase payments for IRAs that are surrendered pursuant to the contractual free-look, Nationwide will recapture the entire amount credited to the contract under this option, but under no circumstances will the amount returned be less than the purchase payments made to the contract. In those states that allow a return of Contract Value, the Contract Owner will retain any earnings attributable to the amount credited, but all losses attributable to the amount credited will be incurred by Nationwide.

***Recapture Resulting from a Full Withdrawal*** 

If the Contract Owner takes a full withdrawal of the contract before the end of seven Contract Years, Nationwide will recapture the entire amount credited to the contract under the option.

***Recapture Resulting from a Partial Withdrawal*** 

If the Contract Owner takes a partial withdrawal before the end of seven Contract Years that is subject to CDSC, Nationwide will recapture a proportional part of the amount credited to the contract under this option.

**Beneficiary Protector Option**

For an additional charge at an annualized rate of 0.40% of the Daily Net Assets, the Beneficiary Protector Option may be elected. The charge associated with this option is calculated and deducted daily as part of the Accumulation Unit value calculation. This option may be elected at the time of application or after the contract has been issued, and the option is irrevocable. Allocations made to the Fixed Account or to the Guaranteed Term Options will be assessed a charge of 0.40%. The Beneficiary Protector Option is only available for contracts with Annuitants who are age 70 or younger at the time of election. Nationwide may realize a profit from the charge assessed for this option.

The Beneficiary Protector Option provides that upon the death of the Annuitant, in addition to any death benefit payable, Nationwide will credit an additional amount to the contract (the "benefit"). If the Beneficiary Protector Option is elected with a contract that has spouses designated as Annuitant and Co-Annuitant, the term Annuitant shall mean the person designated as the Annuitant on the application; the person designated as the Co-Annuitant does not have any rights under this benefit unless the Co-Annuitant is also the beneficiary.

The benefit is credited to the contract upon the death of the Annuitant. After the benefit is credited to the contract, the beneficiary(ies) may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) take distribution of the contract in the form of the death benefit or required distributions as applicable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the beneficiary is the deceased Annuitant's surviving spouse, continue the contract as the new beneficial Contract Owner, subject to any mandatory distribution rules.

Once the credit is applied to the contract, charges associated with the Beneficiary Protector Option will no longer be assessed.

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***How Credits are Calculated*** 

If the Beneficiary Protector Option was elected at the time of application and the Annuitant dies prior to the first Contract Anniversary after the Annuitant's 85<sup>th</sup> birthday, the amount credited to the contract will be equal to:

40% x Adjusted Earnings

Adjusted Earnings = (a) – (b) – (c); where:

a = the Contract Value on the date the death benefit is calculated (prior to any death benefit calculation); <br> b = purchase payments, proportionately adjusted for withdrawals; and <br> c = any adjustment for a death benefit previously credited, proportionately adjusted for withdrawals.

The adjustment for amounts withdrawn will reduce purchase payments and any death benefit previously credited to the contract in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

If the Beneficiary Protector Option was elected after the contract issue date and the Annuitant dies prior to the first Contract Anniversary after the Annuitant's 85<sup>th</sup> birthday, the amount credited to the contract will be equal to:

40% x Adjusted Earnings from the Date the Option is Elected

Adjusted Earnings from the Date the Option is Elected = (a) – (b) – (c) – (d), where:

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| | | |
|:---|:---|:---|
| 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 <br> adjusted for withdrawals.<br>|

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The adjustment for amounts withdrawn will reduce purchase payments and any death benefit previously credited to the contract in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; The Annuitant elected the Beneficiary Protector Option at the time of application. On the <br> date of the Annuitant's death, the Contract Value = $75,000, the total purchase payments <br> (adjusted for withdrawals) = $68,000, and there is no adjustment for a death benefit <br> previously credited. The amount of the benefit would be calculated as follows: 40% x <br> ($75,000-$68,000-$0), which equals $2,800.<br>|

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If no benefits have been paid under this option by the first contract anniversary following the Annuitant's 85<sup>th</sup> birthday, then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Nationwide will credit an amount equal to 4% of the Contract Value on the Contract Anniversary to the contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Beneficiary Protector Option will terminate and will no longer be in effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the charge associated with the Beneficiary Protector Option will no longer be assessed.

***How Amounts Are Credited*** 

Any amounts credited to the contract pursuant to this option will be allocated among the investment options in the same proportion as each purchase payment is allocated to the contract on the date the credit is applied.

**Capital Preservation Plus Option**

The Capital Preservation Plus "CPP" Option provides a "return of principal" guarantee over an elected period of time (3, 5, 7, or 10 years – the "program period"). Effective May 1, 2011, the only program period available is the 10-year program period; program periods of other durations that were elected prior to May 1, 2011 will continue unchanged to the end of the current program period. Contract Value at the end of the program period will be no less than Contract Value at the beginning of the period, regardless of market performance. Note, however, that surrenders or contract charges that are deducted from the contract will reduce the value of the guarantee proportionally.

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For program periods that began prior to May 1, 2025, the guarantee is conditioned upon the allocation of Contract Value between two investment components:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) A Guaranteed Term Option corresponding to the length of the elected program period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Non-Guaranteed Term Option allocations, which consist of the Fixed Account and a limited list of investment options.

For program periods that begin on or after May 1, 2025, the requirement to allocate a portion of the Contract Value to the Guaranteed Term Option is removed and the guarantee is conditioned upon allocation of the Contract Value to Non-Guaranteed Term allocations, which consist of a limited list of investment options.

In some state jurisdictions, Nationwide uses Target Term Options instead of Guaranteed Term Options in connection with the Capital Preservation Plus Option. For all material purposes, Guaranteed Term Options and Target Term Options are the same. All references to Guaranteed Term Options in relation to the Capital Preservation Plus Option will also mean Target Term Options (in applicable jurisdictions). Refer to the prospectus for the Guaranteed Term Options for more information.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. D elected the Capital Preservation Plus Option and elected a 10-year program period. <br> Nationwide informed her of her investment options and she provided her allocation <br> instructions. At the beginning of the program period, her Contract Value was $50,000. At <br> the end of the program period, Ms. D's Contract Value was $56,000, so no adjustment was <br> made to her contract. Had her Contract Value been less than $50,000 at the end of the <br> program period, Nationwide would have adjusted the Contract Value to equal $50,000.<br>|

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***Charges*** 

The charge associated with the Capital Preservation Plus Option is equal to an annualized rate not to exceed 0.50% of the Daily Net Assets. Allocations to the Guaranteed Term Options will also be assessed a charge not to exceed 0.50%. Nationwide may realize a profit from the charge assessed for this option.

All charges associated with the Capital Preservation Plus Option will remain the same for the duration of the program period. When the program period ends or an elected Capital Preservation Plus Option is terminated, the charges associated with the option will no longer be assessed.

***The Advantage of Capital Preservation Plus*** 

Without electing the option, Contract Owners may be able to approximate (without replicating) the benefits of the Capital Preservation Plus Option. To do this, Contract Owners would have to determine how much of their Contract Value would need to be allocated to a Guaranteed Term Option so that the amount at maturity (principal plus interest attributable to the Guaranteed Term Option allocation) would approximate the original total investment. The balance of the Contract Value would be available to be allocated among the Fixed Account and a limited list of investment options. This represents an investment allocation strategy aimed at capital preservation.

Election of the Capital Preservation Plus Option, however, generally permits a higher percentage of the Contract Value to be allocated outside of the Guaranteed Term Options. This provides Contract Owners with a greater opportunity to benefit from market appreciation that is reflected in the Sub-Accounts' performance, while preserving the return of principal guarantee.

***Availability*** 

The Capital Preservation Plus Option is only available for election at the time of application.

***Conditions Associated with the Capital Preservation Plus Option*** 

A Contract Owner with an outstanding loan may not elect the Capital Preservation Plus Option.

During the program period, the following conditions apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If withdrawals are taken or contract charges are deducted from the Contract Value, the value of the guarantee will be reduced proportionally.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Only one Capital Preservation Plus Option program may be in effect at any given time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No new purchase payments may be applied to the contract.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Transfers between and among permitted investment options may not be submitted via Internet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Rate Dollar Cost Averaging is not available as a Contract Owner service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide will not permit loans to be taken from the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No optional benefit that assesses a charge to the Guaranteed Term Options may be added to the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If Annuitant dies and the Annuitant's spouse elects to continue the contract, the option will remain in effect and will continue until the end of the original program period.

If the contract is annuitized, surrendered, or liquidated for any reason prior to the end of the program period, all guarantees are terminated. A market value adjustment may apply to amounts transferred from a Guaranteed Term Option due to annuitization. A market value adjustment may apply to amounts withdrawn or transferred from a GTO and the withdrawal will be subject to the CDSC provisions of the contract.

After the end of the program period or after termination of the option the above conditions will no longer apply.

***Investments During the Program Period*** 

When the option is elected and after Nationwide receives all required information, Nationwide will declare the amount of the Contract Value that is available for allocation to the Non-Guaranteed Term Option component. The remainder of the Contract Value must be allocated to a Guaranteed Term Option, the length of which corresponds to the length of the program period elected by the Contract Owner. For program periods that begin on or after May 1, 2025, the requirement to allocate a portion of the Contract Value to the Guaranteed Term Option is removed; all Contract Value must be allocated to the Non-Guaranteed Option component.

Only certain investment options are available when a Contract Owner elects the Capital Preservation Plus Option. Nationwide selected the available investment options on the basis of certain risk factors associated with the underlying mutual fund's investment objective. The investment options that are unavailable were excluded on the basis of similar risk considerations.

Election of the Capital Preservation Plus Option will not be effective unless and until Nationwide receives allocation instructions based on the limited set of investment options. Allocations to investment options other than those listed are not permitted during the program period.

Nationwide reserves the right to modify the list of available investment options upon written notice to Contract Owners. If an investment option is deleted from the list of available investment options, such deletion will not affect Capital Preservation Plus Option programs already in effect.

***Withdrawals During the Program Period*** 

If the Contract Owner takes a withdrawal, Nationwide will surrender Accumulation Units from the Sub-Accounts and an amount from the Fixed Account and the GTO in proportion to the value in each option at the time of the withdrawal request, unless Nationwide is instructed otherwise. Withdrawals may not be taken exclusively from the Guaranteed Term Option. The partial withdrawal will cause a proportional negative adjustment to the guarantee. A market value adjustment may apply to amounts withdrawn from the GTO and the withdrawal will be subject to the CDSC provisions of the contract.

***Transfers During the Program Period*** 

Transfers to and from the Guaranteed Term Option are not permitted during the program period.

Transfers between and among the permitted investment options are subject to the terms and conditions in the *Transfers Prior to Annuitization* provision. During the program period, transfers to investment options that are not included in the Capital Preservation Plus Option program are not permitted.

***Terminating the Capital Preservation Plus Option*** 

Once elected, the Capital Preservation Plus Option cannot be revoked, except as provided below.

If the Contract Owner elected a program period matching a 7-year Guaranteed Term Option, upon reaching the fifth Contract Anniversary, the Contract Owner may terminate the Capital Preservation Plus Option. Any termination instructions must be received at the Service Center within 60 days after the fifth Contract Anniversary.

If the Contract Owner elected a program period matching a 10-year Guaranteed Term Option, upon reaching the seventh Contract Anniversary, the Contract Owner may terminate the Capital Preservation Plus Option. Any termination instructions must be received at the Service Center within 60 days after the seventh Contract Anniversary.

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If the Contract Owner terminates the Capital Preservation Plus Option as described above, the charges associated with the option will no longer be assessed, all guarantees associated with the option will terminate, the contract's investment allocations will remain the same as when the program was in effect (unless Nationwide is instructed otherwise), and all conditions associated with the Capital Preservation Plus Option are removed.

***Fulfilling the Return of Principal Guarantee*** 

At the end of the program period, if the Contract Value is less than the guaranteed amount, Nationwide will credit an amount to the contract so that the Contract Value equals the guaranteed amount. Amounts credited under this option are considered, for purposes of other benefits under this contract, earnings, not purchase payments. If the Contract Owner does not elect to begin a new Capital Preservation Plus Option program, the amount previously allocated to the Guaranteed Term Option and any amounts credited under the guarantee will be allocated to the money market Sub-Account.

***Election of a New Capital Preservation Plus Option*** 

At the end of any program period or after terminating a Capital Preservation Plus Option, the Contract Owner may elect to participate in a new Capital Preservation Plus Option program at the charges, rates and allocation percentages in effect at that point in time. Nationwide will communicate the ensuing program period end to the Contract Owner approximately 75 days before the end of the period and this notice will include a list of the limited investment options available. If the Contract Owner elects to participate in a new program, such election and complete instructions must be received by Nationwide within 60 days before the end of the preceding program period or within 60 days before the program termination, whichever is applicable.

**Ownership and Interests in the Contract**

**Contract Owner** 

Prior to the Annuitization Date, the Contract Owner has all rights under the contract, unless a joint owner is named. If a joint owner is named, each joint owner has all rights under the contract*.* **Purchasers who name someone other than themselves as the Contract Owner will have no rights under the contract.** 

On the Annuitization Date, the Contract Owner cedes all ownership rights to the Annuitant and the Annuitant becomes the Contract Owner, unless the Contract Owner is a Charitable Remainder Trust. If the Contract Owner is a Charitable Remainder Trust, the Charitable Remainder Trust continues to be the Contract Owner after annuitization.

**Joint Owner** 

Prior to the Annuitization Date, joint owners each own an undivided interest in the contract.

Non-Qualified Contract Owners can name a joint owner at any time before annuitization. However, joint owners must be spouses at the time joint ownership is requested, unless state law requires Nationwide to allow non-spousal joint owners. Joint ownership is not permitted on contracts owned by a non-natural Contract Owner.

Generally, the exercise of any ownership rights under the contract must be in writing and signed by both joint owners. However, if a written election, signed by both Contract Owners, authorizing Nationwide to allow the exercise of ownership rights independently by either joint owner is submitted, Nationwide will permit joint owners to act independently. If such an authorization is submitted, Nationwide will not be liable for any loss, liability, cost, or expense for acting in accordance with the instructions of either joint owner.

If either joint owner dies before the Annuitization Date, the contract continues with the surviving joint owner as the remaining Contract Owner.

On the Annuitization Date, both joint owners cede all ownership rights to the Annuitant and the Annuitant becomes the Contract Owner.

**Contingent Owner** 

Prior to the Annuitization Date, the contingent owner succeeds to the rights of a Contract Owner if a Contract Owner who is not the Annuitant dies before the Annuitization Date and there is no surviving joint owner.

If a Contract Owner who is the Annuitant dies before the Annuitization Date, the contingent owner will not have any rights under the contract, unless such contingent owner is also the beneficiary.

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The Contract Owner may name a contingent owner at any time before the Annuitization Date.

After the Annuitization Date, the contingent owner will not have any interest in the contract.

**Annuitant** 

Prior to the Annuitization Date, the Annuitant has no interest in the contract, but must be named in the application. Only Non-Qualified Contract Owners may name someone other than himself/herself as the Annuitant. This Annuitant must be age 85 or younger at the time of the contract issuance, unless Nationwide approves a request for an Annuitant of greater age.

On the Annuitization Date, the Annuitant becomes the new owner and has all ownership rights in the contract. The Annuitant is the person who receives annuity payments and the person upon whose continuation of life any annuity payment involving life contingencies depends.

**Co-Annuitant** 

Prior to the Annuitization Date, a Co-Annuitant is entitled to receive the benefit of the Spousal Protection Feature, provided all of the requirements set forth in the Spousal Protection Feature section are met. A Co-Annuitant, if named, must be named at the time of application and must be the Annuitant's spouse.

If either Co-Annuitant dies before the Annuitization Date, the surviving Co-Annuitant may continue the contract and will receive the benefit of the Spousal Protection Feature.

After the Annuitization Date, the Co-Annuitant has no interest in the contract.

**Contingent Annuitant** 

Prior to the Annuitization Date, if the Annuitant dies before the Annuitization Date, the Contingent Annuitant becomes the Annuitant and all provisions of the contract that are based on the Annuitants death prior to the Annuitization Date will be based on the death of the Contingent Annuitant. Only Non-Qualified Contract Owners may name a Contingent Annuitant. The Contingent Annuitant need not be named at the time of application. Regardless of when the Contingent Annuitant is added he/she must be (or must have been) age 85 or younger at the time of contract issuance, unless Nationwide approves a request for a Contingent Annuitant of greater age.

**Joint Annuitant** 

Prior to the Annuitization Date, there is no joint annuitant.

On the Annuitization Date, if applicable, a joint annuitant is named. The joint annuitant is designated as a second person (in addition to the Annuitant) upon whose continuation of life any annuity payment involving life contingencies depends.

**Beneficiary and Contingent Beneficiary** 

Prior to the Annuitization Date, the beneficiary is the person who is entitled to the death benefit if the Annuitant (and Contingent Annuitant, if applicable) dies before the Annuitization Date. The Contract Owner can name more than one beneficiary. Multiple beneficiaries will share the death benefit equally, unless otherwise specified.

A contingent beneficiary will succeed to the rights of the beneficiary if no beneficiary is alive when a death benefit is paid. The Contract Owner can name more than one contingent beneficiary. Multiple contingent beneficiaries will share the death benefit equally, unless otherwise specified.

After the Annuitization Date, the beneficiaries and contingent beneficiaries have no interest in the contract.

**Changes to the Parties to the Contract** 

Prior to the Annuitization Date (and subject to any existing assignments), the Contract Owner may request to change the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Owner (Non-Qualified Contracts only);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• joint owner (must be Contract Owner's spouse);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• contingent owner;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annuitant (subject to Nationwide's underwriting and approval);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contingent Annuitant (subject to Nationwide's underwriting and approval);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Co-Annuitant (must be the Annuitant's spouse);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• beneficiary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• contingent beneficiary.

The Contract Owner must submit the request to Nationwide in writing and Nationwide must receive the request at the Service Center before the Annuitization Date. Once Nationwide receives and records the change request, the change will be effective as of the date the written request was signed (unless otherwise specified by the Contract Owner), whether or not the Contract Owner or Annuitant is living at the time it was recorded. The change will not affect any action taken by Nationwide before the change was recorded. Nationwide reserves the right to reject any change request that would alter the nature of the risk that Nationwide assumed when it originally issued the contract.

If the Contract Owner is not a natural person and there is a change of the Annuitant, distributions will be made as if the Contract Owner died at the time of the change, regardless of whether the Contract Owner named a Contingent Annuitant.

Any request to change the Contract Owner must be signed by the existing Contract Owner and the person designated as the new Contract Owner. Nationwide may require a signature guarantee. Changes in contract ownership may result in federal income taxation and may be subject to state and federal gift taxes. Changes in ownership and contract assignments could have a negative impact on certain benefits under the contract, including the death benefit.

Certain options and features under the contract have specific requirements as to who can be named as the Contract Owner, Annuitant, Co-Annuitant, and/or beneficiary in order to receive the benefit of the option or feature. Changes to the parties to the contract may result in the termination or loss of benefit of these options or features. Contract Owners contemplating changes to the parties to the contract should contact their financial professional to determine how the changes impact the options and features under the contract.

**Community Property States** 

In community property states, the Contract Owner's spouse may have a community property interest in the proceeds of an annuity contract even if the spouse is not a named party on the contract. Changes of beneficiary and/or ownership, assignment, and certain financial transactions may impede the spouse's community property interest. The spouse may need to consent to these types of transactions. The Contract Owner should seek legal advice regarding the applicability of community property laws to the contract and whether spousal consent is necessary. Nationwide is not responsible for determining the applicability of community property laws to the contract.

**Assignment** 

Contracts other than Non-Qualified Contracts may not be assigned, pledged or otherwise transferred except where allowed by law.

A Non-Qualified Contract Owner may assign some or all rights under the contract while the Annuitant is alive, subject to Nationwide's consent. Nationwide is not responsible for the validity or tax consequences of any assignment and Nationwide is not liable for any payment or settlement made before the assignment is recorded. Assignments will not be recorded until Nationwide receives sufficient direction from the Contract Owner and the assignee regarding the proper allocation of contract rights.

Amounts pledged or assigned will be treated as distributions and will be included in gross income to the extent that the cash value exceeds the investment in the contract for the taxable year in which it was pledged or assigned. Amounts assigned may be subject to a tax penalty equal to 10% of the amount included in gross income.

Assignment of the entire Contract Value may cause the portion of the Contract Value exceeding the total investment in the contract and previously taxed amounts to be included in gross income for federal income tax purposes each year that the assignment is in effect.

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**Beneficially Owned Contracts** 

A beneficially owned contract is a contract that is inherited by a beneficiary and the beneficiary holds the contract as a beneficiary (as opposed to treating the contract as his/her own) to facilitate the distribution of a death benefit or contract value in accordance with the applicable federal tax laws (see *Appendix B: Contract Types and Tax Information*). An owner of a beneficially owned contract is referred to as a "beneficial owner."

Not all options and features described in this prospectus are available to beneficially owned contracts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No changes to the parties will be permitted on any beneficially owned contract, except that a beneficial owner may request changes to their successor beneficiary(ies).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• There is no death benefit payable on a continued beneficially owned contract. After the death of the beneficial owner, any remaining death benefit or contract value to be distributed will be payable to a successor beneficiary in accordance with applicable federal tax laws.

A beneficiary who is the surviving spouse of a contract owner has the option under the tax laws to continue the contract as the sole contract owner and treat the contract as the spouse's own. If a spouse continues the contract as the sole contract owner, the spouse will not be treated as a beneficial owner and this section will not apply.

**Operation of the Contract**

**Pricing** 

Generally, Nationwide prices Accumulation Units on each day that the New York Stock Exchange is open. (Pricing is the calculation of a new Accumulation Unit value that reflects that day's investment experience.)

Accumulation Units are not priced when the New York Stock Exchange is closed or on the following nationally recognized holidays (or on the dates that such holidays are observed by the New York Stock Exchange):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New Year's Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Martin Luther King, Jr. Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Presidents' Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Good Friday

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Memorial Day

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Juneteenth National Independence Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Independence Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Labor Day

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Thanksgiving

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Christmas

Nationwide also will not price purchase payments, withdrawals, or transfers if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) trading on the New York Stock Exchange is restricted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) an emergency exists making disposal or valuation of securities held in the Variable Account impracticable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the SEC, by order, permits a suspension or postponement for the protection of security holders.

Rules and regulations of the SEC will govern as to when the conditions described in (1) and (2) exist. If Nationwide is closed on days when the New York Stock Exchange is open, Contract Value may change and Contract Owners will not have access to their accounts.

**Application and Allocation of Purchase Payments** 

***Initial Purchase Payments*** 

Initial purchase payments will be priced at the Accumulation Unit value next determined no later than two business days after receipt of an order to purchase if the application and all necessary information are complete and are received at the Service Center before the close of regular trading on the New York Stock Exchange, which generally occurs at 4:00 p.m. EST. If the order is received after the close of regular trading on the New York Stock Exchange, the initial purchase payment will be priced within two business days after the next Valuation Date.

If an incomplete application is not completed within five business days after receipt at the Service Center, the prospective purchaser will be informed of the reason for the delay. The purchase payment will be returned unless the prospective purchaser specifically consents to allow Nationwide to hold the purchase payment until the application is completed.

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Generally, initial purchase payments are allocated according to Contract Owner instructions on the application. However, in some states, Nationwide will allocate initial purchase payments to the money market Sub-Account during the free look period. After the free look period, Nationwide will reallocate the Contract Value among the investment options based on the instructions contained on the application. In other states, Nationwide will immediately allocate initial purchase payments to the investment options based on the instructions contained on the application. Contact the Service Center or refer to your contract for state specific information on the allocation of initial purchase payments.

***Subsequent Purchase Payments*** 

Any subsequent purchase payment received at the Service Center (along with all necessary information) before the close of regular trading on the New York Stock Exchange on any Valuation Date will be priced at the Accumulation Unit value next determined after receipt of the purchase payment. If a subsequent purchase payment is received at the Service Center (along with all necessary information) after the close of regular trading on the New York Stock Exchange, it will be priced at the Accumulation Unit value determined on the following Valuation Date.

***Allocation of Purchase Payments*** 

Nationwide allocates purchase payments to the Sub-Accounts and/or Fixed Account as instructed by the Contract Owner. Effective May 1, 2025, the GTOs are not available to receive new allocations, transfers, or renewals. Shares of the underlying mutual funds in which the Sub-Accounts invest are purchased at Net Asset Value, then the Contract Owner receives Accumulation Units in the Sub-Account(s) to which the Contract Owner allocated purchase payments.

Contract Owners can change allocations or make exchanges among the Sub-Accounts after the time of application by submitting a written request to the Service Center. However, no change may be made that would result in an amount less than 1% of the purchase payments being allocated to any Sub-Account. In the event that Nationwide receives such a request, Nationwide will inform the Contract Owner that the allocation instructions are invalid and that the contract's allocations among the Sub-Accounts prior to the request will remain in effect. Certain transactions may be subject to conditions imposed by the underlying mutual funds.

**Determining the Contract Value**

The Contract Value is the sum of the value of amounts (including any Extra Value Option credits applied to the contract) allocated to the Sub-Accounts plus any amount held in the Fixed Account, the GTOs, and the collateral fixed account. If charges are assessed against the whole Contract Value, Nationwide will deduct a proportionate amount from each Sub-Account, the Fixed Account, and the GTOs based on current cash values.

***Determining Variable Account Value - Valuing an Accumulation Unit*** 

Sub-Account allocations are accounted for in Accumulation Units. Accumulation Unit values (for each Sub-Account) are determined by calculating the Net Investment Factor for the Sub-Accounts for the current Valuation Period and multiplying that result with the Accumulation Unit values determined on the previous Valuation Period. For each Sub-Account, the Net Investment Factor is the investment performance of the underlying mutual fund in which a particular Sub-Account invests, including the charges assessed against that Sub-Account for a Valuation Period.

Nationwide uses the Net Investment Factor as a way to calculate the investment performance of a Sub-Account from Valuation Period to Valuation Period.

The Net Investment Factor for any particular Sub-Account before the Annuitization Date is determined by dividing (a) by (b), and then subtracting (c) from the result, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Net Asset Value of the underlying mutual fund as of the end of the current Valuation Period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the per share amount of any dividend or income distributions made by the underlying mutual fund (if the date of the dividend or income distribution occurs during the current Valuation Period).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the Net Asset Value of the underlying mutual fund determined as of the end of the preceding Valuation Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) is a factor representing the daily total Variable Account charges, which may include charges for optional benefits elected by the Contract Owner. The factor is equal to an annualized rate ranging from 0.95% to 3.95% of the Daily Net Assets, depending on which optional benefits the Contract Owner elects.

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Based on the change in the Net Investment Factor, the value of an Accumulation Unit may increase or decrease. Changes in the Net Investment Factor may not be directly proportional to changes in the Net Asset Value of the underlying mutual fund shares because of the deduction of Variable Account charges.

Though the number of Accumulation Units will not change as a result of investment experience, the value of an Accumulation Unit may increase or decrease from Valuation Period to Valuation Period.

***Determining Fixed Account Value*** 

Nationwide determines the value of the Fixed Account by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) adding all amounts allocated to the Fixed Account (including any Extra Value Option credits applied to the contract), minus amounts previously transferred or withdrawn from the Fixed Account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) adding any interest earned on the amounts allocated to the Fixed Account; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) subtracting charges deducted in accordance with the contract.

***Determining Guaranteed Term Option Value*** 

Nationwide determines the value of a Guaranteed Term Option by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) adding all amounts allocated to any Guaranteed Term Option (including any Extra Value Option credits applied to the contract), minus amounts previously transferred or withdrawn from a Guaranteed Term Option (which may be subject to a market value adjustment);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) adding any interest earned on the amounts allocated to a Guaranteed Term Option; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) subtracting charges deducted in accordance with the contract.

**Transfer Requests** 

Contract Owners may submit transfer requests in writing, over the telephone, or via the Internet to the Service Center. Some benefits or features under the contract may limit the manner in which transfer requests can be submitted, as indicated in the respective provision. Nationwide may restrict or withdraw the telephone and/or Internet transfer privilege at any time.

Generally, Sub-Account transfers will receive the Accumulation Unit value next computed after the transfer request is received at the Service Center. However, if a contract that is limited to submitting transfer requests via U.S. mail submits a transfer request via the Internet or telephone pursuant to Nationwide's one-day delay policy, the transfer will be executed on the next Valuation Date after the exchange request is received at the Service Center (see *Transfer Restrictions*).

**Transfers Prior to Annuitization**

***Transfers from the Fixed Account*** 

A Contract Owner may request to transfer allocations from the Fixed Account to the Sub-Accounts or a GTO only upon reaching the end of a Fixed Account interest rate guarantee period. Fixed Account transfers must be made within 45 days after the end of the interest rate guarantee period.

Normally, Nationwide will permit 100% of the maturing Fixed Account allocations to be transferred. However, Nationwide may limit the amount that can be transferred from the Fixed Account. Nationwide will determine the amount that may be transferred and will declare this amount at the end of the Fixed Account interest rate guarantee period. The maximum transferable amount will never be less than 10% of the Fixed Account allocation reaching the end of a Fixed Account interest rate guarantee period. Any limit on the amount that can be transferred from the Fixed Account will be communicated to impacted Contract Owners at the end of the Fixed Account interest rate guarantee period. Any such limitations will substantially extend the amount of time it takes to transfer the entire Fixed Account allocation to another investment option.

Contract Owners who use Dollar Cost Averaging may transfer from the Fixed Account under the terms of that program.

Effective May 1, 2025, no transfers from the Fixed Account to the Guaranteed Term Options are permitted.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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***Transfers to the Fixed Account*** 

Normally, Nationwide will not restrict transfers to the Fixed Account; however, Nationwide may establish a maximum transfer limit for transfers to the Fixed Account. Except as noted below, the transfer limit will not be less than 10% of the current value of Sub-Account allocations, less any transfers made in the 12 months preceding the date the transfer is requested, but not including transfers made prior to the imposition of the transfer limit.

Nationwide reserves the right to limit or refuse transfers to the Fixed Account. Generally, Nationwide will invoke this right when interest rates are low by historical standards.

***Transfers from a Guaranteed Term Option*** 

Transfers from a Guaranteed Term Option prior to maturity are subject to a market value adjustment.

***Transfers from the Sub-Accounts*** 

Except as otherwise indicated in *Transfers to the Fixed Account*, a Contract Owner may request to transfer allocations from the Sub-Accounts to the Fixed Account at any time. Effective May 1, 2025, no transfers from the Sub-Accounts to the Guaranteed Term Options are permitted.

***Transfers Among the Sub-Accounts*** 

A Contract Owner may request to transfer allocations among the Sub-Accounts at any time, subject to terms and conditions imposed by this prospectus and the underlying mutual funds.

**Transfers After Annuitization** 

After annuitization, the portion of the Contract Value allocated to fixed annuity payments and the portion of the Contract Value allocated to variable annuity payments may not be changed.

After annuitization, if variable annuity payments are elected, transfers among Sub-Accounts may only be made once per calendar year*.* See *Annuitizing the Contract.*

**Transfer Restrictions**

Neither the contracts described in this prospectus nor the underlying mutual funds are designed to support active trading strategies that require frequent movement between or among Sub-Accounts (sometimes referred to as "market-timing" or "short-term trading"). A Contract Owner who intends to use an active trading strategy should consult his/her financial professional and request information on other Nationwide variable annuity contracts that offer investment in underlying mutual funds that are designed specifically to support active trading strategies.

Nationwide discourages (and will take action to deter) short-term trading in this contract because the frequent movement between or among Sub-Accounts may negatively impact other investors in the contract. Short-term trading can result in:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the dilution of the value of the investors' interests in the underlying mutual fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• underlying mutual fund managers taking actions that negatively impact performance (keeping a larger portion of the underlying mutual fund assets in cash or liquidating investments prematurely in order to support redemption requests); and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• increased administrative costs due to frequent purchases and redemptions.

To protect investors in this contract from the negative impact of these practices, Nationwide has implemented, or reserves the right to implement, several processes and/or restrictions aimed at eliminating the negative impact of active trading strategies. Nationwide makes no assurances that all risks associated with short-term trading will be completely eliminated by these processes and/or restrictions.

Nationwide cannot guarantee that its attempts to deter active trading strategies will be successful. If Nationwide is unable to deter active trading strategies, the performance of the Sub-Accounts that are actively traded may be adversely impacted.

***U.S. Mail Restrictions*** 

Nationwide monitors transfer activity in order to identify those who may be engaged in harmful trading practices. Transaction reports are produced and examined. Generally, a contract may appear on these reports if the Contract Owner (or a third party acting on their behalf) engages in a certain number of "transfer events" in a given period. A "transfer event" is any transfer, or combination of transfers, occurring on a given trading day (Valuation Period). For example, if a

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Contract Owner executes multiple transfers involving 10 investment options in one day, this counts as one transfer event. A single transfer occurring on a given trading day and involving only two investment options will also count as one transfer event.

As a result of this monitoring process, Nationwide may restrict the method of communication by which transfer orders will be accepted. In general, Nationwide will adhere to the following guidelines:

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| | |
|:---|:---|
| **Trading Behavior** | **Nationwide's Response** |
| Six or more transfer events within <br> one calendar quarter<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide will mail a letter to the Contract Owner notifying them that:<br> (1)they have been identified as engaging in harmful trading practices; and<br> (2)if their transfer events total 11 within two consecutive calendar quarters or 20 within one <br> calendar year, the Contract Owner will be limited to submitting transfer requests via U.S. <br> mail on a Nationwide issued form.<br>|
| 11 transfer events within two <br> consecutive calendar quarters<br> OR<br> 20 transfer events within one <br> calendar year<br>| &nbsp;&nbsp; Nationwide will automatically limit the Contract Owner to submitting transfer requests via U.S. <br> mail on a Nationwide issued form.<br>|

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For purposes of Nationwide's transfer policy, U.S. mail includes standard U.S. mail, overnight U.S. mail, and overnight delivery via private carrier.

For calendar year restrictions, each January 1, Nationwide will start the monitoring anew, so that each contract starts with 0 transfer events each January 1. For restrictions on transfer events within two consecutive calendar quarters, Nationwide refreshes the transfer event restriction period at the beginning of each calendar quarter considering only transfers that occur in the current calendar quarter and occurred in the immediately preceding calendar quarter.

Contract Owners that are required to submit transfer requests via U.S. mail will be required to use a Nationwide issued form for their transfer request. Nationwide will refuse transfer requests that either do not use the Nationwide issued form for their transfer request or fail to provide accurate and complete information on their transfer request form. In the event that a Contract Owner's transfer request is refused by Nationwide, they will receive notice in writing by U.S. mail and will be required to resubmit their transfer request on a Nationwide issued form.

*Managers of Multiple Contracts* 

Some investment financial professionals manage the assets of multiple Nationwide contracts pursuant to trading authority granted or conveyed by multiple Contract Owners. These multi-contract financial professionals may be required by Nationwide to submit all transfer requests via U.S. mail.

Nationwide may, as an administrative practice, implement a "one-day delay" program for these multi-contract financial professionals, which they can use in addition to or in lieu of submitting transfer requests via U.S. mail. The one-day delay option permits multi-contract financial professionals to continue to submit transfer requests via the Internet or telephone. However, transfer requests submitted by multi-contract financial professionals via the Internet or telephone will not receive the next available Accumulation Unit value. Rather, they will receive the Accumulation Unit value that is calculated on the following Valuation Date. Transfer requests submitted under the one-day delay program are irrevocable. Multi-contract financial professionals will receive advance notice of being subject to the one-day delay program.

***Other Restrictions*** 

Nationwide reserves the right to refuse or limit transfer requests, or take any other action it deems necessary in order to protect Contract Owners, Annuitants, and beneficiaries from the negative investment results that may result from short-term trading or other harmful investment practices employed by some Contract Owners (or third parties acting on their behalf). In particular, trading strategies designed to avoid or take advantage of Nationwide's monitoring procedures (and other measures aimed at curbing harmful trading practices) that are nevertheless determined by Nationwide to constitute harmful trading practices, may be restricted.

Any restrictions that Nationwide implements will be applied consistently and uniformly.

***Underlying Mutual Fund Restrictions and Prohibitions*** 

Pursuant to regulations adopted by the SEC, Nationwide is required to enter into written agreements with the underlying mutual funds which allow the underlying mutual funds to:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) request the taxpayer identification number, international taxpayer identification number, or other government issued identifier of any Contract Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) request the amounts and dates of any purchase, redemption, transfer, or exchange request ("transaction information"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) instruct Nationwide to restrict or prohibit further purchases or exchanges by Contract Owners that violate policies established by the underlying mutual fund (whose policies may be more restrictive than Nationwide's policies).

Nationwide is required to provide such transaction information to the underlying mutual funds upon their request. In addition, Nationwide is required to restrict or prohibit further purchases or requests to exchange into a specific Sub-Account upon instruction from the underlying mutual fund in which that Sub-Account invests. Nationwide and any affected Contract Owner may not have advance notice of such instructions from an underlying mutual fund to restrict or prohibit further purchases or requests to exchange. If an underlying mutual fund refuses to accept a purchase or request to exchange into the Sub-Account associated with the underlying mutual fund submitted by Nationwide, Nationwide will keep any affected Contract Owner in their current Sub-Account allocation.

**Right to Examine and Cancel**

If the Contract Owner elects to cancel the contract, he/she may return it to the Service Center within a certain period of time known as the "free look" period. Depending on the state in which the contract was purchased (and, in some states, if the contract is purchased as a replacement for another annuity contract), the free look period may be 10 days or longer. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date. The contract issue date is the date the initial purchase payment is applied to the contract.

Where state law requires the return of purchase payments for free look cancellations, Nationwide will return all purchase payments applied to the contract, less any withdrawals from the contract and any applicable federal and state income tax withholding. Nationwide will recapture all of the Extra Value Option credits applied to the contract, but under no circumstances will the amount returned be less than the purchase payments made to the contract.

Where state law requires the return of Contract Value for free look cancellations, Nationwide will return the Contract Value as of the date of the cancellation, less any withdrawals from the contract and any applicable federal and state income tax withholding. Nationwide will recapture all of the Extra Value Option credits applied to the contract. The Contract Owner will retain any earnings attributable to the Extra Value Option credits, but all losses attributable to the Extra Value Option credits will be incurred by Nationwide.

Liability of the Variable Account under this provision is limited to the Contract Value in each Sub-Account on the date of revocation. Any additional amounts refunded to the Contract Owner will be paid by Nationwide.

**Allocation of Purchase Payments during Free Look Period** 

Where state law requires the return of purchase payments for free look cancellations, Nationwide will allocate initial purchase payments allocated to Sub-Accounts to the money market Sub-Account during the free look period.

Where state law requires the return of Contract Value for free look cancellations, Nationwide will immediately allocate initial purchase payments to the investment options based on the instructions contained on the application.

**Surrender/Withdrawal Prior to Annuitization**

Prior to annuitization and before the Annuitant's death, Contract Owners may generally withdraw some or all of their Contract Value. Withdrawals from the contract may be subject to federal income tax and/or a tax penalty (see *Appendix B: Contract Types and Tax Information*). Withdrawal requests may be submitted in writing or by telephone to the Service Center and Nationwide may require additional information. Requests submitted by telephone may be subject to dollar amount limitations and may be subject to payment and other restrictions to prevent fraud. Nationwide reserves the right to require written requests to be submitted on current Nationwide forms for withdrawals. Nationwide reserves the right to remove the ability to submit requests by telephone upon written notice. Contact the Service Center for current limitations and restrictions. When taking a full surrender, Nationwide may require that the contract accompany the request. Nationwide may require a signature guarantee.

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Surrender and withdrawal requests will receive the Accumulation Unit value next determined at the end of the current Valuation Period if the request and all necessary information is received at the Service Center before the close of regular trading on the New York Stock Exchange (generally, 4:00 pm EST). If the request and all necessary information is received after the close of regular trading on the New York Stock Exchange, the request will receive the Accumulation Unit value determined at the end of the next Valuation Day.

Nationwide will pay any amounts withdrawn from the Sub-Accounts within seven days after the request is received in good order at the Service Center (see *Determining the Contract Value*). However, Nationwide may suspend or postpone payment when it is unable to price a purchase payment or transfer, or as permitted or required by federal securities laws and rules and regulations of the SEC.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

A withdrawal from a GTO prior to its maturity date will be assessed a market value adjustment. The application of the market value adjustment could result in a loss.

If the Extra Value Option has been elected, and the amount withdrawn is subject to a CDSC, then for the first seven Contract Years only, a portion of the amount credited under the Extra Value Option may be recaptured. No recapture will take place after the end of the seventh Contract Year.

**Partial Withdrawals** 

If a Contract Owner requests a partial withdrawal, Nationwide will redeem Accumulation Units from the Sub-Accounts and an amount from the Fixed Account and the GTOs. The amount withdrawn from each investment option will be in proportion to the value in each option at the time of the withdrawal request, unless Nationwide is instructed otherwise.

Partial withdrawals are subject to the CDSC provisions of the contract. If a CDSC is assessed, the Contract Owner may elect to have the CDSC deducted from either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the amount requested; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Contract Value remaining after the Contract Owner has received the amount requested.

If the Contract Owner does not make a specific election, any applicable CDSC will be deducted from the amount requested by the Contract Owner.

The CDSC deducted is a percentage of the amount requested by the Contract Owner. Amounts deducted for CDSC are not subject to subsequent CDSC.

***Partial Withdrawals to Pay Investment Advisory Fees*** 

Some Contract Owners utilize an investment advisor(s) to manage their assets, for which the investment advisor assesses a fee. Investment advisors are not endorsed or affiliated with Nationwide and Nationwide makes no representation as to their qualifications. The fees for these investment advisory services are specified in the respective account agreements and are separate from and in addition to the contract fees and expenses described in this prospectus. Some Contract Owners authorize their investment advisor to take a partial withdrawal(s) from the contract in order to collect investment advisory fees. Withdrawals taken from this contract to pay advisory or investment management fees are subject to the CDSC provisions of the contract and may be subject to income tax and/or tax penalties.

**Full Surrenders** 

Upon full surrender, the Contract Value may be more or less than the total of all purchase payments made to the contract. The Contract Value will reflect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• standard contract charges

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• charges for optional benefits elected by the Contract Owner

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• underlying mutual fund charges

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• investment performance of the Sub-Accounts

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• interest credited to Fixed Account allocations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amounts credited to GTO allocations, plus or minus any applicable market value adjustment

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• application of any Extra Value Option credits (and any recapture of such credits, if applicable)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any outstanding loan balance plus accrued interest

A CDSC may apply.

**Surrender/Withdrawal After Annuitization**

After the Annuitization Date, withdrawals other than regularly scheduled annuity payments are not permitted.

**Withdrawals Under Certain Plan Types**

**Withdrawals Under a Texas Optional Retirement Program or a Louisiana Optional Retirement Plan** 

Redemption restrictions apply to contracts issued under the Texas Optional Retirement Program or the Louisiana Optional Retirement Plan.

The Texas Attorney General has ruled that participants in contracts issued under the Texas Optional Retirement Program may only take withdrawals if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant retires;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant terminates employment due to total disability; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant that works in a Texas public institution of higher education terminates employment.

A participant under a contract issued under the Louisiana Optional Retirement Plan may only take distributions from the contract upon retirement or termination of employment. All retirement benefits under this type of plan must be paid as lifetime income; lump sum cash payments are not permitted, except for death benefits.

Due to these restrictions, a participant under either of these plans will not be able to withdraw Cash Value from the contract unless one of the applicable conditions is met. However, Contract Value may be transferred to other carriers, subject to any CDSC.

Nationwide issues this contract to participants in the Texas Optional Retirement Program in reliance upon and in compliance with Rule 6c-7 of the Investment Company Act of 1940. Nationwide issues this contract to participants in the Louisiana Optional Retirement Plan in reliance upon and in compliance with an exemptive order that Nationwide received from the SEC on August 22, 1990.

**Withdrawals Under a Tax Sheltered Annuity** 

Contract Owners of a Tax Sheltered Annuity may withdraw part or all of their Contract Value before the earlier of the Annuitization Date or the Annuitant's death, except as provided below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Contract Value attributable to contributions made under a qualified cash or deferred arrangement (within the meaning of Internal Revenue Code Section 402(g)(3)(A)), a salary reduction agreement (within the meaning of Internal Revenue Code Section 402(g)(3)(C)), or transfers from a Custodial Account (described in Section 403(b)(7) of the Internal Revenue Code), may be withdrawn only:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) when the Contract Owner reaches age 59½, separates from service, dies, or becomes disabled (within the meaning of Internal Revenue Code Section 72(m)(7)); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) in the case of hardship (as defined for purposes of Internal Revenue Code Section 401(k)), provided that any such hardship surrender may not include any income earned on salary reduction contributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) The withdrawal limitations described previously also apply to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) salary reduction contributions to Tax Sheltered Annuities made for plan years beginning after December 31, 1988;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) earnings credited to such contracts after the last plan year beginning before January 1, 1989, on amounts attributable to salary reduction contributions; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) all amounts transferred from Internal Revenue Code Section 403(b)(7) Custodial Accounts (except that earnings and employer contributions as of December 31, 1988 in such Custodial Accounts may be withdrawn in the case of hardship).

Any distribution other than the above, including a free look cancellation of the contract (when available) may result in taxes, penalties, and/or retroactive disqualification of a Tax Sheltered Annuity.

In order to prevent disqualification of a Tax Sheltered Annuity after a free look cancellation, Nationwide will transfer the proceeds to another Tax Sheltered Annuity upon proper direction by the Contract Owner.

These provisions explain Nationwide's understanding of current withdrawal restrictions. These restrictions may change.

Distributions pursuant to Qualified Domestic Relations Orders will not violate the restrictions stated previously.

**Loan Privilege** 

The loan privilege is only available to owners of Tax Sheltered Annuities. Loans may be taken from the Contract Value after expiration of the free look period up to the Annuitization Date. Loans are subject to the terms of the contract, the plan, and the Internal Revenue Code. Nationwide may modify the terms of a loan to comply with changes in applicable law. Loans are not available in all states.

**Minimum and Maximum Loan Amounts** 

Contract Owners may borrow a minimum of $1,000, unless Nationwide is required by law to allow a lesser minimum amount. Each loan must individually satisfy the contract minimum amount.

The maximum nontaxable loan amount is based on information provided by the participant or the employer. This amount may be impacted if a participant has additional loans from other plans. The total of all outstanding loans must not exceed the following limits:

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| | | |
|:---|:---|:---|
|  | **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\*) |

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\*

The $50,000 limits will be reduced by the highest outstanding balance owed during the previous 12 months.

For salary reduction Tax Sheltered Annuities, loans may be secured only by the Contract Value.

**Maximum Loan Processing Fee** 

Nationwide charges a Loan Processing Fee at the time each new loan is processed. The Loan Processing Fee will not exceed $25 per loan processed. This fee compensates Nationwide for expenses related to administering and processing loans. Loans are not available in all states. In addition, some states may not allow Nationwide to assess a Loan Processing Fee.

The fee is taken from all of the investment options in proportion to the Contract Value at the time the loan is processed.

**How Loan Requests are Processed** 

All loans are made from assets in Nationwide's General Account. As collateral for the loan, Nationwide holds an amount equal to the loan in a collateral fixed account (which is part of Nationwide's General Account).

When a loan request is processed, Nationwide transfers Accumulation Units from the Sub-Accounts to the collateral fixed account until the requested amount is reached. The amount deducted from the Sub-Accounts will be in the same proportion as the Sub-Account allocations, unless the Contract Owner has instructed otherwise. If there are not enough Accumulation Units available in the contract to reach the requested loan amount, Nationwide would then transfer Contract Value from the Fixed Account. Contract Value transferred from the Fixed Account to meet the requested loan amount is not subject to the Fixed Account transfer limitations otherwise applicable under the contract.

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If the requested loan amount is not reached based on the transfers stated above, any remaining required collateral for the loan will be transferred from the Guaranteed Term Options. Transfers from the Guaranteed Term Options may be subject to a market value adjustment.

No CDSC will be deducted on transfers related to loan processing.

**Interest Charged and Credited** 

Compound interest is charged on the outstanding loan balance consisting of outstanding principal plus accrued interest. The total interest rate is comprised of a collateral interest rate plus a finance interest rate. The total interest rate is disclosed at the time of loan application or loan issuance.

The finance interest rate will be 2.25%. The collateral interest rate will be the total interest rate minus the finance interest rate and will be no less than the guaranteed minimum interest rate stated in the contract.

When a loan is repaid in accordance with the payment schedule provided at the time the loan is issued, collateral interest and finance interest that accrue between scheduled payments are paid off. As payments are made, collateral interest is credited to the collateral fixed account, and finance interest is paid to Nationwide. Finance interest may provide revenue for risk charges and profit.

**Accrual of Principal and Interest After Default** 

Upon default, unpaid principal and collateral interest, and finance interest, will separately accrue and compound at the total interest rate. When the total interest rate is applied to accruing finance interest after default, the entire amount of interest is added to the outstanding finance interest. This will cause the total amount of the outstanding loan balance to grow rapidly over time.

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| | | | | |
|:---|:---|:---|:---|:---|
| ***Example:*** |  |  |  |  |
| Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | Ms. T takes a loan from her contract of $50,000. After default, the first time interest is calculated as follows: | 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; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; | 1A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal; |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $50,000<br> (outstanding principal)<br>| = | &nbsp;&nbsp; $3,125<br> ($2,000 =collateral interest<br> $1,125 = finance interest)<br>|
| 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; | 1B.The amount from 1A representing collateral interest is added to the outstanding principal; |
| $2,000<br> (collateral interest)<br>| + | &nbsp;&nbsp; $50,000<br> (outstanding principal)<br>| = | &nbsp;&nbsp; $52,000<br> (outstanding principal <br> and collateral interest)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1C.The amount from 1A representing finance interest is held separately, and subsequently accrues interest at the total interest rate on <br> a compound basis and will become the outstanding finance interest; and |
| $1,125<br> (outstanding finance <br> interest)<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1D.The outstanding principal and collateral interest, and the outstanding finance interest, are added to determine the total outstanding <br> principal and interest. |
| $52,000<br> (outstanding principal <br> and collateral interest)<br>| + | &nbsp;&nbsp; $1,125<br> (outstanding finance <br> interest)<br>| = | &nbsp;&nbsp; $53,125<br> (total outstanding <br> principal and interest)<br>|
| Thereafter, when interest is <br> calculated:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2A.The total interest rate (collateral interest rate plus finance interest rate) is applied to the outstanding principal and collateral interest <br> from 1A above; |

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| | | | | |
|:---|:---|:---|:---|:---|
| ***Example:*** |  |  |  |  |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $52,000<br> (1A outstanding <br> principal and <br> collateral interest)<br>| = | &nbsp;&nbsp; $3,250<br> ($2,080 = collateral interest<br> $1,170 = finance interest)<br>|
| 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; | 2B.The amount from step 2A representing collateral interest is added to the outstanding principal and collateral interest from 1A; |
| $2,080<br> (collateral interest)<br>| + | &nbsp;&nbsp; $52,000<br> (1A outstanding <br> principal and <br> collateral interest)<br>| = | &nbsp;&nbsp; $54,080<br> (outstanding principal <br> and collateral interest)<br>|
| 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; | 2C.The total interest rate is applied to the outstanding finance interest from 1C and added to that outstanding finance interest; |
| 6.25%<br> (total interest rate)<br>| x | &nbsp;&nbsp; $1,125<br> (outstanding finance <br> interest)<br>| = | &nbsp;&nbsp; $70.31<br> (finance interest)<br>|
| $70.31<br> (finance interest)<br>| + | &nbsp;&nbsp; $1,125<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $1,195.31<br> (outstanding <br> finance interest)<br>|
| 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; | 2D.The amount from step 2A representing finance interest is added to the outstanding finance interest amount in 2C; |
| $1,170<br> (finance interest)<br>| + | &nbsp;&nbsp; $1,195.31<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $2,365.31<br> (outstanding <br> finance interest)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2E.The outstanding principal and collateral interest from 2B, and the outstanding finance interest from 2D are added together to <br> determine the total outstanding principal and interest. |
| $54,080<br> (total outstanding principal <br> and collateral interest)<br>| + | &nbsp;&nbsp; $2,365.31<br> (outstanding <br> finance interest)<br>| = | &nbsp;&nbsp; $56,445.31<br> (total outstanding <br> principal and interest)<br>|
| This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: | This method of interest calculation and accrual is applied to the total outstanding principal and collateral interest, and finance interest <br> balances until the entire loan balance is paid. Under this method of interest calculation, after 15 years of default, a $50,000 loan on <br> which no payments were made will accrue as follows: |
| Outstanding Principal | Outstanding Principal | Outstanding Principal |  | $50000 |
| Outstanding Collateral Interest | Outstanding Collateral Interest | Outstanding Collateral Interest |  | $40047 |
| Outstanding Finance Interest | Outstanding Finance Interest | Outstanding Finance Interest |  | $34091 |
| Total Outstanding Principal and Interest | Total Outstanding Principal and Interest | Total Outstanding Principal and Interest |  | $124138 |

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**Loan Repayment** 

Loans must be repaid in five years. However, if the loan is used to purchase the Contract Owner's principal residence, the Contract Owner has 15 years to repay the loan.

Contract Owners must identify loan repayments as loan repayments or they will be treated as purchase payments and will not reduce the outstanding loan balance. Payments must be substantially level and made at least quarterly. Over time, unpaid loan interest charges can cause the total amount of the outstanding loan balance to be significant, so it is advantageous to make a loan repayment at least quarterly. The Contract Owner should contact the Service Center to obtain loan pay-off amounts.

When the Contract Owner makes a loan repayment, the amount in the collateral fixed account will be reduced by the amount of the payment that represents loan principal. Additionally, the amount of the payment that represents loan principal and credited interest will be applied to the Sub-Accounts and the Fixed Account in accordance with the allocation instructions in effect at the time the payment is received, unless the Contract Owner directs otherwise.

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Loan repayments to the Guaranteed Term Options must be at least $1,000. If the proportional share of the repayment to the Guaranteed Term Option is less than $1,000, that portion of the repayment will be allocated to the money market Sub-Account unless the Contract Owner directs otherwise.

**Distributions and Annuity Payments** 

Distributions made from the contract while a loan is outstanding will be reduced by the amount of the outstanding loan plus accrued interest if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is surrendered;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Owner/Annuitant dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Owner who is not the Annuitant dies prior to annuitization; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• annuity payments begin.

**Transferring the Contract** 

Nationwide reserves the right to restrict any transfer of the contract while the loan is outstanding.

**Grace Period and Loan Default** 

If a loan payment is not made when due, interest will continue to accrue. A grace period may be available (refer to the terms of the loan agreement). During the grace period, the loan is considered outstanding, but not in default. If a loan payment is not made by the end of the applicable grace period and the Contract Owner is eligible for a distribution, the loan payment amount may be deducted from the Contract Value and applied as a loan payment, which will be treated as an actual distribution.

If the Contract Owner fails to make a full payment by the end of the applicable grace period, and is not eligible to take a distribution, the loan will default. In the year of a default, the entire outstanding loan balance, plus accrued interest, will be treated as a deemed distribution and will be taxable to the Contract Owner. This deemed distribution may also be subject to an early withdrawal tax penalty by the Internal Revenue Service. After default, the loan is still outstanding and interest will continue to accrue until the entire loan balance has been repaid. Additional loans are not available until all defaulted loans have been repaid.

**Contract Owner Services**

**Asset Rebalancing** 

Asset Rebalancing is the automatic reallocation of Contract Values to the Sub-Accounts on a predetermined percentage basis. Asset Rebalancing is not available for assets held in the Fixed Account or the GTOs. Requests for Asset Rebalancing must be on a Nationwide form and submitted to the Service Center. Once Asset Rebalancing is elected, it will only be terminated upon specific instruction from the Contract Owner; manual transfers will not automatically terminate the program. Currently, there is no additional charge for Asset Rebalancing.

Asset Rebalancing occurs every three months or on another frequency if permitted by Nationwide. If the last day of the designated rebalancing period falls on a Saturday, Sunday, recognized holiday, or any other day when the New York Stock Exchange is closed, Asset Rebalancing will occur on the next business day. Each Asset Rebalancing reallocation is considered a transfer event (see *Transfer Restrictions*).

Asset Rebalancing may be subject to employer limitations or restrictions for contracts issued to a Tax Sheltered Annuity plan. Contract Owners should consult a financial professional to discuss the use of Asset Rebalancing.

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Nationwide reserves the right to stop establishing new Asset Rebalancing programs. Existing Asset Rebalancing programs will remain in effect unless otherwise terminated.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. C elects to participate in Asset Rebalancing and has instructed his Contract Value be <br> allocated as follows: 40% to Sub-Account A, 40% to Sub-Account B, and 20% to Sub-<br> Account C. Mr. C elects to rebalance quarterly. Each quarter, Nationwide will automatically <br> rebalance Mr. C's Contract Value by transferring Contract Value among the three elected <br> Sub-Accounts so that his 40%/40%/20% allocation remains intact.<br>|

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**Dollar Cost Averaging**

Dollar Cost Averaging is a long-term transfer program that allows the Contract Owner to make regular, level investments over time. Dollar Cost Averaging involves the automatic transfer of a specific amount from the Fixed Account and/or certain Sub-Accounts into other Sub-Accounts. With this service, the Contract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.

Contract Owners direct Nationwide to automatically transfer specified amounts from the Fixed Account and the following Sub-Account(s) (if available):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Loomis Core Bond Fund: Class I

or to any other Sub-Account(s). Dollar Cost Averaging transfers may not be directed to the Fixed Account or the 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. Contract Owners that wish to utilize Dollar Cost Averaging should first inquire whether any Enhanced Fixed Account Dollar Cost Averaging programs are available.

Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until either the value in the originating investment option is exhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwide to stop the transfers, all amounts remaining in the originating Fixed Account or Sub-Account will remain allocated to the Fixed Account or Sub-Account, unless Nationwide is instructed otherwise. Dollar Cost Averaging transfers are not considered transfer events.

Nationwide reserves the right to stop establishing new Dollar Cost Averaging programs.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. T elects to participate in Dollar Cost Averaging and has transferred $25,000 to an <br> eligible Sub-Account (Sub-Account S) that will serve as the source investment option for her <br> Dollar Cost Averaging program. She would like the Dollar Cost Averaging transfers to be <br> allocated as follows: $500 to Sub-Account L and $1,000 to Sub-Account M. Each month, <br> Nationwide will automatically transfer $1,500 from Sub-Account S and allocate $1,000 to <br> Sub-Account M and $500 to Sub-Account L.<br>|

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**Enhanced Fixed Account Dollar Cost Averaging** 

Nationwide may, periodically, offer Dollar Cost Averaging programs with an enhanced interest rate referred to as "Enhanced Fixed Account Dollar Cost Averaging." Enhanced Fixed Account Dollar Cost Averaging involves the automatic transfer of a specific amount from an enhanced rate Fixed Account into any Sub-Account(s). With this service, the Contract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Owners from loss.

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Only new purchase payments to the contract are eligible for Enhanced Fixed Account Dollar Cost Averaging. Enhanced Fixed Account Dollar Cost Averaging transfers may not be directed to the Fixed Account or the GTOs. Amounts allocated to the enhanced rate Fixed Account as part of an Enhanced Fixed Account Dollar Cost Averaging program earn a higher rate of interest than assets allocated to the standard Fixed Account. Each enhanced rate is guaranteed for as long as the corresponding program is in effect.

Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until either amounts allocated to the Fixed Account as part of an Enhanced Fixed Account Dollar Cost Averaging program are exhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwide to stop the transfers, Nationwide will automatically reallocate any amount remaining in the enhanced rate Fixed Account according to future investment allocation instructions, unless directed otherwise. Enhanced Fixed Account Dollar Cost Averaging transfers are not considered transfer events.

Nationwide reserves the right to stop establishing new Enhanced Fixed Account Dollar Cost Averaging programs.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Mr. E elects to participate in Enhanced Fixed Account Dollar Cost Averaging and has <br> allocated new purchase payments of $22,000 to the Fixed Account, which will receive an <br> enhanced interest crediting rate. He would like the Enhanced Fixed Account Dollar Cost <br> Averaging transfers to be allocated as follows: $1,000 to Sub-Account L and $1,000 to Sub-<br> Account M. Each month, Nationwide will automatically transfer $2,000 from the Fixed <br> Account and allocate $1,000 to Sub-Account M and $1,000 to Sub-Account L.<br>|

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**Systematic Withdrawals** 

Systematic Withdrawals allow Contract Owners to receive a specified amount (of at least $100) on a monthly, quarterly, semi-annual, or annual basis. Requests for Systematic Withdrawals and requests to discontinue Systematic Withdrawals must be submitted in good order and in writing to the Service Center.

The withdrawals will be taken from the Sub-Accounts and the Fixed Account proportionally unless Nationwide is instructed otherwise. Systematic Withdrawals are not available for assets held in the Guaranteed Term Options.

Nationwide will withhold federal income taxes from Systematic Withdrawals unless otherwise instructed by the Contract Owner. The Internal Revenue Service may impose a 10% penalty tax if the Contract Owner is under age 59½, unless the Contract Owner has made an irrevocable election of distributions of substantially equal payments.

A CDSC may apply to amounts taken through Systematic Withdrawals. If the Contract Owner takes Systematic Withdrawals, the maximum amount that can be withdrawn annually without a CDSC is the greater of the amount available under the CDSC-free withdrawal privilege (see *Contingent Deferred Sales Charge*), and a given percentage of the Contract Value that is based on the Contract Owner's age, as shown in the following table:

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| | |
|:---|:---|
| **Contract Owner's Age** | **Percentage of Contract Value** |
| Under age 59½  | &nbsp;&nbsp; 5<br> %<br>|
| 59½ through age 61 | &nbsp;&nbsp; 7<br> %<br>|
| 62 through age 64 | &nbsp;&nbsp; 8<br> %<br>|
| 65 through age 74 | &nbsp;&nbsp; 10<br> %<br>|
| 75 and over | &nbsp;&nbsp; 13<br> %<br>|

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The Contract Owner's age is determined as of the date the request for Systematic Withdrawals is recorded by the Service Center. For joint owners, the older joint owner's age will be used.

The CDSC-free withdrawal privilege for Systematic Withdrawals is non-cumulative. Free amounts not taken during any Contract Year cannot be taken as free amounts in a subsequent Contract Year. In any given Contract Year, any amount withdrawn in excess of the amount permitted under this program will be subject to the CDSC provisions (see *Contingent Deferred Sales Charge*).

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Nationwide reserves the right to stop establishing new Systematic Withdrawal programs. Systematic Withdrawals are not available before the end of the free look period.

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| |
|:---|
| ***Example:*** |
| &nbsp;&nbsp; Ms. H elects to take Systematic Withdrawals equal to $5,000 on a quarterly basis. She has <br> not directed that the withdrawals be taken from specific Sub-Accounts, so each quarter, <br> Nationwide will withdraw $5,000 from Ms. H's contract proportionally from each Sub-<br> Account, and will mail her a check or wire the funds to the financial institution of her choice.<br>|

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**Death Benefit**

**Death of Contract Owner** 

If a Contract Owner (including a joint owner) who is not the Annuitant dies before the Annuitization Date, no death benefit is payable and the surviving joint owner becomes the Contract Owner. If there is no surviving joint owner, the contingent owner becomes the Contract Owner. If there is no surviving contingent owner, the last surviving Contract Owner's estate becomes the Contract Owner.

A distribution of the Contract Value will be made in accordance with tax rules and as described in *Appendix B: Contract Types and Tax Information.* A CDSC may apply.

**Death of Annuitant** 

If the Annuitant who is not a Contract Owner dies before the Annuitization Date, the Contingent Annuitant becomes the Annuitant and no death benefit is payable. If no Contingent Annuitant is named, a death benefit is payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries survive the Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries or contingent beneficiaries survive the Annuitant, the Contract Owner or the last surviving Contract Owner's estate will receive the death benefit.

If the Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selected annuity payment option.

If the Contract Owner is a Charitable Remainder Trust and the Annuitant dies before the Annuitization Date, the death benefit will accrue to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust's right to the death benefit will be void.

**Death of Contract Owner/Annuitant** 

If a Contract Owner (including a joint owner) who is also the Annuitant dies before the Annuitization Date, a death benefit is payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiaries survive the Contract Owner/Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share the death benefit equally unless otherwise specified. If no contingent beneficiaries survive the Contract Owner/Annuitant, the last surviving Contract Owner's estate will receive the death benefit.

If the Contract Owner/Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selected annuity payment option.

**Death Benefit Payment** 

The recipient of the death benefit may elect to receive the death benefit:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) in a lump sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) as an annuity (see *Annuity Payment Options*); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) in any other manner permitted by law and approved by Nationwide.

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Premium taxes may be deducted from death benefit proceeds. Nationwide will pay (or will begin to pay) the death benefit after it receives proof of death and the instructions as to the payment of the death benefit. Death benefit claims must be submitted to the Service Center. If the recipient of the death benefit does not elect the form in which to receive the death benefit payment, Nationwide will pay the death benefit in a lump sum. Contract Value will continue to be allocated according to the most recent allocation instructions until the death benefit is paid.

If the contract has multiple beneficiaries entitled to receive a portion of the death benefit, the Contract Value will continue to be allocated according to the most recent allocation instructions until the first beneficiary provides Nationwide with all the information necessary to pay that beneficiary's portion of the death benefit proceeds. At the time the first beneficiary's proceeds are paid, the remaining portion(s) of the death benefit proceeds that are allocated to Sub-Accounts will be reallocated to the available money market Sub-Account until instructions are received from the remaining beneficiary(ies).

Any Contract Value not allocated to the Sub-Accounts will remain invested and will not be reallocated to the available money market Sub-Account.

**Death Benefit Calculations**

The value of each component of the death benefit calculation will be determined as of the date Nationwide receives:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) proper proof of the Annuitant's death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) an election specifying the distribution method; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) any state required form(s).

An applicant may elect either the standard death benefit (Five-Year Reset Death Benefit) or an available death benefit option that is offered under the contract for an additional charge. If no election is made at the time of application, the death benefit will be the standard death benefit.

**Annuity Commencement Date** 

The Annuity Commencement Date is the date on which annuity payments are scheduled to begin. Generally, the Contract Owner designates the Annuity Commencement Date at the time of application. If no Annuity Commencement Date is designated at the time of application, Nationwide will establish the Annuity Commencement Date as the date the Annuitant reaches age 90. The Contract Owner may initiate a change to the Annuity Commencement Date at any time. Additionally, Nationwide will notify the Contract Owner approximately 90 days before the impending Annuity Commencement Date of the opportunity to change the Annuity Commencement Date or annuitize the contract.

Any request to change the Annuity Commencement Date must meet the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the request is made prior to annuitization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the requested date is at least two years after the date of issue;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the requested date is not later than the Annuitant's 90th birthday (or the 90th birthday of the oldest Annuitant if there are joint Annuitants) unless approved by Nationwide; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the request for change is made in writing, submitted in good order to the Service Center, and approved by Nationwide.

Generally, Nationwide will not initiate annuitization until specifically directed to do so. However, for Non-Qualified Contracts only, Nationwide will automatically initiate annuitization within 45 days after the Annuity Commencement Date (whether default or otherwise), unless (1) Nationwide has had direct contact with the Contract Owner (indicating that the contract is not abandoned); or (2) the Contract Owner has taken some type of action which is inconsistent with the desire to annuitize.

**Annuitizing the Contract**

**Annuitization Date** 

The Annuitization Date is the date that annuity payments begin.

Any optional death benefit that the Contract Owner elects will automatically terminate upon annuitization.

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The Annuitization Date will be the first day of a calendar month unless otherwise agreed. Unless otherwise required by state law, the Annuitization Date must be at least two years after the contract is issued, but may not be later than either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the age (or date) specified in the contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the age (or date) specified by state law, where applicable.

The Internal Revenue Code may require that distributions be made prior to the Annuitization Date (see *Appendix B: Contract Types and Tax Information*).

On the Annuitization Date, the Annuitant becomes the Contract Owner unless the Contract Owner is a Charitable Remainder Trust.

If the contract is issued to fund a Tax Sheltered Annuity, annuitization may occur during the first two Contract Years subject to Nationwide's approval.

**Annuitization** 

Annuitization is the period during which annuity payments are received. It is irrevocable once payments have begun. Upon arrival of the Annuitization Date, the Contract Owner must choose:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) an annuity payment option; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) either a fixed payment annuity, variable payment annuity, or an available combination.

A variable payment annuity may not be elected when exercising a Guaranteed Minimum Income Benefit option.

On the Annuitization Date, the Contract Value, less any premium tax, will be applied under the annuity payment option(s) selected by the Contract Owner. Annuity purchase rates are used to determine the amount of the annuity payments based upon the annuity payment option elected. Actual purchase rates used to determine annuity payments will be those in effect on the Annuitization Date, and will not be less than the guaranteed minimum purchase rates as provided in the contract.

Nationwide guarantees that each payment under a fixed payment annuity will be the same throughout annuitization. Under a variable payment annuity, the amount of each payment will vary with the performance of the Sub-Accounts elected.

Any allocations in the Fixed Account that are to be annuitized as a variable payment annuity must be transferred to one or more Sub-Accounts prior to the Annuitization Date. There are no restrictions on Fixed Account transfers made in anticipation of annuitization.

Any allocations in the Sub-Accounts that are to be annuitized as a fixed payment annuity must be transferred to the Fixed Account prior to the Annuitization Date.

Guaranteed Term Options are not available during annuitization. Any Guaranteed Term Option allocations must be transferred out of the Guaranteed Term Options prior to the Annuitization Date. A market value adjustment may apply.

**Fixed Annuity Payments** 

Fixed annuity payments provide for level annuity payments. The fixed annuity payments will remain level unless the annuity payment option provides otherwise.

**Variable Annuity Payments** 

Variable annuity payments will vary depending on the performance of the Sub-Accounts selected. The Sub-Accounts available during annuitization are those Sub-Accounts corresponding to the underlying mutual funds shown in *Appendix A: Investment Options Available Under the Contract*. Nationwide uses an assumed investment return factor of 3.5%. An assumed investment return is the net investment return required to maintain level variable annuity payments. To the extent that investment performance is not equal to 3.5% for given payment periods, the amount of the payments in those periods will not be the same. Payments will increase from one payment date to the next if the annualized net rate of return is greater than 3.5% during that time. Conversely, payments will decrease from one payment to the next if the annualized net rate of return is less than 3.5% during that time.

**Frequency and Amount of Annuity Payments** 

Annuity payments are based on the annuity payment option elected.

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If the net amount to be annuitized is less than $5,000, Nationwide reserves the right to pay this amount in a lump sum instead of periodic annuity payments.

Annuity payments are made at any frequency approved by Nationwide. Nationwide reserves the right to change the frequency of payments if the amount of any payment becomes less than $100. The payment frequency will be changed to an interval that will result in payments of at least $100. Nationwide will send annuity payments no later than seven days after each annuity payment date.

**Annuity Payment Options** 

The Annuitant must elect an annuity payment option before the Annuitization Date. If the Annuitant does not elect an annuity payment option by that date, a variable payment Single Life with a 20 Year Term Certain annuity payment option will be assumed as the automatic form of payment upon annuitization. Once elected or assumed, the annuity payment option may not be changed.

Not all of the annuity payment options may be available in all states. Additionally, the annuity payment options available may be limited based on the Annuitant's age (and the joint Annuitant's age, if applicable) or requirements under the Internal Revenue Code.

**Annuity Payment Options Available to All Contracts**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Standard Joint and Survivor; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Single Life with a 10 or 20 Year Term Certain.

Each of the annuity payment options is discussed more thoroughly below.

***Single Life*** 

The Single Life annuity payment option provides for annuity payments to be paid during the lifetime of the Annuitant. This option is not available if the Annuitant is 86 or older on the Annuitization Date.

Payments will cease with the last payment before the Annuitant's death. For example, if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one payment. The Annuitant will only receive two annuity payments if he or she dies before the third payment date, and so on. No death benefit will be paid.

No withdrawals other than the scheduled annuity payments are permitted.

***Standard Joint and Survivor*** 

The Standard Joint and Survivor annuity payment option provides for annuity payments to continue during the joint lifetimes of the Annuitant and joint Annuitant. After the death of either the Annuitant or joint Annuitant, payments will continue for the life of the survivor. This option is not available if the Annuitant or joint Annuitant is 86 or older on the Annuitization Date.

Payments will cease with the last payment due prior to the death of the last survivor of the Annuitant and joint Annuitant. As is the case of the Single Life annuity payment option, there is no guaranteed number of payments. Therefore, it is possible that if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one annuity payment. No death benefit will be paid.

No withdrawals other than the scheduled annuity payments are permitted.

***Single Life with a 10 or 20 Year Term Certain*** 

The Single Life with a 10 or 20 Year Term Certain annuity payment option provides that monthly annuity payments will be paid during the Annuitant's lifetime or for the term selected, whichever is longer. The term may be either 10 or 20 years.

If the Annuitant dies before the end of the 10 or 20 year term, payments will be paid to the beneficiary for the remainder of the term.

No withdrawals other than the scheduled annuity payments are permitted.

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***Any Other Option*** 

Annuity payment options not set forth in this provision may be available. Any annuity payment option not set forth in this provision must be approved by Nationwide.

**Statements and Reports** 

Nationwide's default delivery method is U.S. mail and Nationwide will deliver required documents by U.S. mail unless other delivery methods (e.g. electronic delivery) are permitted by law or regulation. Therefore, Contract Owners should promptly notify the Service Center of any address change.

Nationwide will mail to Contract Owners:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• statements showing the contract's quarterly activity; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• confirmation statements showing transactions that affect the contract's value. Confirmation statements will not be sent for recurring transactions (*i.e.*, Dollar Cost Averaging or salary reduction programs). Instead, confirmation of recurring transactions will appear in the contract's quarterly statements.

Contract Owners can receive information from Nationwide faster and reduce the amount of mail received by signing up for Nationwide's eDelivery program. Nationwide will notify Contract Owners by email when important documents (statements, prospectuses, and other documents) are ready for a Contract Owner to view, print, or download from Nationwide's secure server. To choose this option, go to: www.nationwide.com.

Contract Owners should review statements and confirmations carefully. All errors or corrections must be reported to Nationwide immediately to assure proper crediting to the contract. Unless Nationwide is notified within 30 days of receipt of the statement, Nationwide will assume statements and confirmation statements are correct.

**IMPORTANT NOTICE REGARDING DELIVERY OF SECURITY OWNER DOCUMENTS** 

When multiple copies of the same disclosure document(s), such as prospectuses, supplements, proxy statements, and semi-annual and annual reports are required to be mailed to multiple Contract Owners in the same household, Nationwide will mail only one copy of each document, unless notified otherwise by the Contract Owner(s). Household delivery will continue for the life of the contracts.

A Contract Owner can revoke their consent to household delivery and reinstitute individual delivery by contacting the Service Center. Nationwide will reinstitute individual delivery within 30 days after receiving such notification.

**Legal Proceedings** 

**Nationwide Life Insurance Company** 

Nationwide Financial Services, Inc. (NFS, or collectively with its subsidiaries, the "Company") was formed in November 1996. NFS is the holding company for Nationwide Life Insurance Company (NLIC), Nationwide Life and Annuity Insurance Company (NLAIC) and other companies that comprise the life insurance and retirement savings operations of the Nationwide group of companies (Nationwide). This group includes Nationwide Financial Network (NFN), an affiliated distribution network that markets directly to its customer base. NFS is incorporated in Delaware and maintains its principal executive offices in Columbus, Ohio.

The Company is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope, and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company's financial condition.

The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency, and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.

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**Nationwide Investment Services Corporation** 

The general distributor, NISC (the "Company"), is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company's financial condition.

The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency and state securities divisions. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.

**Financial Statements** 

Financial statements for the Variable Account and financial statements and schedules of Nationwide are located in the Statement of Additional Information. A current Statement of Additional Information may be obtained, without charge, by contacting the Service Center, or can be found online at https://nationwide.onlineprospectus.net/NW/C000024731NW/index.php?ctype=product_sai.

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**Appendix A: Investment Options Available Under the Contract** 

**Underlying Mutual Funds** 

The following is a list of underlying mutual funds available under the contract. More information about the underlying mutual funds is available in the prospectuses for the underlying mutual funds, which may be amended from time to time and can be found online at https://nationwide.onlineprospectus.net/NW/C000024731NW/index.php. This information can also be obtained at no cost by calling 1-800-848-6331 or by sending an email request to FLSS@nationwide.com. Depending on the optional benefits chosen, access to certain underlying mutual funds may be limited. The availability of investment options may vary depending on the broker-dealer through which the contract is sold (see *Appendix H: Financial Intermediary Variations*).

The current expenses and performance information below reflects fees and expenses of the underlying mutual funds, but do not reflect the other fees and expenses that the contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each underlying mutual fund's past performance is not necessarily an indication of future performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **BNY Mellon Variable Investment Fund - Small Cap Portfolio:** <br> **Initial Shares**<br> Investment Advisor: BNY Mellon Investment Adviser, Inc.<br> Investment Sub-Advisor: Newton Investment Management North <br> America, LLC<br>| 0.83% | 10.99% | 4.26% | 7.83% |
| Fixed Income | &nbsp;&nbsp; **Federated Hermes Insurance Series - Federated Hermes** <br> **Quality Bond Fund II: Primary Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2008<br> Investment Advisor: Federated Investment Management Company<br>| 0.74%\* | 7.08% | 1.10% | 2.99% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Equity-Income** <br> **Portfolio: Service Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.56% | 18.92% | 12.41% | 11.49% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Growth** <br> **Portfolio: Service Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FMR Investment Management (UK) <br> Limited, Fidelity Management & Research (Hong Kong) Limited, <br> Fidelity Management & Research (Japan) Limited<br>| 0.65% | 14.78% | 13.58% | 17.33% |
| Equity | &nbsp;&nbsp; **Fidelity Variable Insurance Products Fund - VIP Overseas** <br> **Portfolio: Service Class**<br> Investment Advisor: Fidelity Management & Research Company <br> LLC<br> Investment Sub-Advisor: FIL Investment Advisors, FIL Investment <br> Advisors (UK) Limited, FMR Investment Management (UK) Limited, <br> Fidelity Management & Research (Hong Kong) Limited, Fidelity <br> Management & Research (Japan) Limited<br>| 0.82% | 20.28% | 6.51% | 7.82% |
| Equity | &nbsp;&nbsp; **Invesco - Invesco V.I. Core Equity Fund: Series I Shares**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2024<br> Investment Advisor: Invesco Advisers, Inc.<br>| 0.80% | 16.17% | 12.81% | 11.73% |
| Allocation | &nbsp;&nbsp; **Invesco - Invesco V.I. Equity and Income Fund: Series I Shares**<br> Investment Advisor: Invesco Advisers, Inc.<br>| 0.57% | 12.81% | 8.94% | 8.92% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Fixed Income | &nbsp;&nbsp; **Ivy Variable Insurance Portfolios - Nomura VIP High Income** <br> **Series: Service Class**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2017<br> Investment Advisor: Delaware Management Company, a series of <br> Nomura Investment Management Business Trust (a Delaware <br> statutory trust)<br>| 0.97% | 7.17% | 3.73% | 5.56% |
| Equity | &nbsp;&nbsp; **MFS® Variable Insurance Trust II - MFS International Intrinsic** <br> **Equity Portfolio: Service Class (formerly, MFS® Variable** <br> **Insurance Trust II - MFS International Intrinsic Value Portfolio:** <br> **Service Class)**<br> Investment Advisor: Massachusetts Financial Services Company<br>| 1.14%\* | 32.96% | 7.02% | 9.68% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT American Funds** <br> **Growth Fund: Class II**<br> Investment Advisor: Capital Research and Management Company, <br> Nationwide Fund Advisors<br>| 0.97%\* | 19.78% | 12.94% | 17.52% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BlackRock Equity** <br> **Dividend Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.80%\* | 21.44% | 11.53% | 11.37% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT BNY Mellon** <br> **Dynamic U.S. Core Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Newton Investment Management Limited<br>| 0.62%\* | 17.18% | 12.58% | 14.44% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Government Bond** <br> **Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2022<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Nationwide Asset Management, LLC<br>| 0.69%\* | 7.00% | -0.62% | 1.17% |
| Capital Preservation | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Government** <br> **Money Market Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Federated Investment Management <br> Company<br>| 0.47% | 3.91% | 2.95% | 1.85% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large** <br> **Cap Growth Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Jacobs Levy Equity Management, Inc.<br>| 0.70%\* | 14.20% | 19.09% | 18.02% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Loomis Core Bond** <br> **Fund: Class I**<br> This underlying mutual fund is only available in contracts for which <br> good order applications were received before May 1, 2023<br> Investment Advisor: Nationwide Fund Advisors<br> Sub-Advisor: Loomis, Sayles & Company, L.P.<br>| 0.58% | 6.88% | -0.77% | 2.08% |
| Fixed Income | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Loomis Short** <br> **Term High Yield Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Loomis, Sayles & Company, L.P.<br>| 0.87%\* | 5.66% | 3.26% | 5.38% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Mid Cap Index** <br> **Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.41% | 7.05% | 8.70% | 10.28% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Multi-Manager** <br> **Small Company Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Jacobs Levy Equity Management, Inc. <br> and Invesco Advisers, Inc.<br>| 1.05%\* | 10.35% | 8.62% | 11.00% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** | &nbsp;&nbsp; **Average Annual Total**<br> **Returns**<br> **(as of 12/31/2025)** |
| **Type** | **Underlying Mutual Fund and Adviser/Subadviser** | &nbsp;&nbsp; **Current**<br> **Expenses** | **1 year** | **5 year** | **10 year** |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT NASDAQ-100** <br> **Index Fund: Class II**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: BlackRock Investment Management, LLC<br>| 0.72%\* |  |  |  |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Putnam** <br> **International Value Fund: Class X**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Putnam Investment Management, LLC<br>| 0.83%\* | 35.21% | 11.20% | 7.72% |
| Equity | &nbsp;&nbsp; **Nationwide Variable Insurance Trust - NVIT Small Cap Value** <br> **Fund: Class I**<br> Investment Advisor: Nationwide Fund Advisors<br> Investment Sub-Advisor: Jacobs Levy Equity Management, Inc.<br>| 1.06%\* | 2.17% | 8.01% | 7.69% |
| Equity | &nbsp;&nbsp; **VanEck VIP Trust - VanEck VIP Global Resources Fund: Class** <br> **S**<br> Investment Advisor: Van Eck Associates Corporation<br>| 1.32% | 36.17% | 10.24% | 8.06% |
| Equity | &nbsp;&nbsp; **VanEck VIP Trust - VanEck VIP Global Resources Fund: Initial** <br> **Class**<br> This underlying mutual fund is no longer available to receive <br> transfers or new purchase payments effective May 1, 2012<br> Investment Advisor: Van Eck Associates Corporation<br>| 1.08% | 36.48% | 10.51% | 8.33% |

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\*

This underlying mutual fund's current expenses reflect a temporary fee reduction.

**Fixed Options** 

The following is a list of fixed options currently available under the contract. To the extent permitted under the contract, Nationwide may change the features of a fixed option, offer new fixed options, and terminate existing fixed options. Nationwide will provide you with written notice before doing so. Depending on the optional benefits chosen, access to a fixed option may not be permitted. See*The Fixed Account* and *Guaranteed Term Options* for additional information.

**Note: If amounts are withdrawn from a Guaranteed Term Option prior to its maturity date, Nationwide will apply a market value adjustment. This may result in a significant reduction in your Contract Value. See *Guaranteed Term Options* and *Market Value Adjustment*.** 

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| | | |
|:---|:---|:---|
| **Name** | **Interest Rate Guarantee Period** | **Minimum Guaranteed Interest Rate** |
| Fixed Account | 1 Year<sup>1</sup> | 1.50%<sup>2</sup> |
| 3-year Guaranteed Term Option<sup>3</sup> | 3 Years | 0.00% |
| 5-year Guaranteed Term Option<sup>3</sup> | 5 Years | 0.00% |
| 7-year Guaranteed Term Option<sup>3</sup> | 7 Years | 0.00% |
| 10-year Guaranteed Term Option<sup>3</sup> | 10 Years | 0.00% |

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<sup>1</sup>

The Fixed Account interest rate guarantee period begins on the date of deposit or transfer and ends on the one-year anniversary of the deposit or transfer. The interest rate guarantee period may last for up to three months beyond the one-year anniversary because guaranteed terms end on the last day of a calendar quarter. As a result, an interest rate guarantee period may last up to 15 months.

<sup>2</sup>

Contracts may be subject to a higher minimum guaranteed interest rate based on the date the contract was issued and/or state of issue.

<sup>3</sup>

Effective May 1, 2025, Guaranteed Term Options are not available to receive new allocations, transfers, or renewals.

Nationwide reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guarantee period. Nationwide will provide you with written notice before doing so.

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**Income Benefit Investment Options** 

Certain optional benefits restrict how the Contract Owner can invest their Contract Value by limiting the investment options in which the Contract Owner can invest and/or requiring use of a specified asset allocation service. The investment options available under each optional living benefit are chosen by Nationwide based on each investment option's risk characteristics. The permitted investment options are more conservative than those that are not permitted. This helps Nationwide manage its obligation to provide Contract Owners with Lifetime Withdrawals by reducing the likelihood that it will have to make unanticipated payments. By electing an optional living benefit and accepting the limited menu of investment options, Contract Owners may be foregoing investment gains that could otherwise be realized by investing in riskier investment options that are not available under the optional living benefit. Only the investment options shown below are available in connection with the respective optional benefit.

**Capital Preservation Plus Option** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I <br>This underlying mutual fund is only available in contracts for which good order applications were received before

May 1, 2022

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**Appendix B: Contract Types and Tax Information**

**Types of Contracts** 

The contracts described in this prospectus are classified according to the tax treatment to which they are subject under the Internal Revenue Code (the "Code"). Following is a general description of the various contract types. Eligibility requirements, tax benefits (if any), limitations, and other features of the contracts will differ depending on contract type.

***Non-Qualified Contracts*** 

A non-qualified contract is a contract that does not qualify for certain tax benefits under the Code, such as deductibility of purchase payments, and which is not an IRA, Roth IRA, SEP IRA, Simple IRA, tax sheltered annuity, or part of a pension plan or employer-sponsored retirement program.

Upon the death of the owner of a non-qualified contract, mandatory distribution requirements are imposed to ensure distribution of the entire balance in the contract within a required period.

Non-qualified contracts that are owned by natural persons allow the deferral of taxation on the income earned in the contract until it is distributed or deemed to be distributed. Non-qualified contracts that are owned by non-natural persons, such as trusts, corporations, and partnerships are generally subject to current income tax on the income earned inside the contract, unless the non-natural person owns the contract as an agent of a natural person.

***Charitable Remainder Trusts*** 

Charitable Remainder Trusts are trusts that meet the requirements of Section 664 of the Code. An annuity that has a Charitable Remainder Trust endorsement is not a Charitable Remainder Trust; the endorsement is merely to facilitate ownership of the contract by a Charitable Remainder Trust. Non-Qualified Contracts that are issued to Charitable Remainder Trusts will differ from other Non-Qualified Contracts in three respects:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Waiver of sales charges. In addition to any sales load waivers included in the contract, Charitable Remainder Trusts may also withdraw the difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the contract value on the day before the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the total amount of purchase payments made to the contract (less an adjustment for amounts surrendered).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Contract ownership at annuitization. On the annuitization date, if the contract owner is a Charitable Remainder Trust, the Charitable Remainder Trust will continue to be the contract owner and the annuitant will NOT become the contract owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Recipient of death benefit proceeds. With respect to the death benefit proceeds, if the contract owner is a Charitable Remainder Trust, the death benefit is payable to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust's right to the death benefit will be void.

While these provisions are intended to facilitate a Charitable Remainder Trust's ownership of this contract, the rules governing Charitable Remainder Trusts are numerous and complex. A Charitable Remainder Trust that is considering purchasing this contract should seek the advice of a qualified tax and/or financial professional prior to purchasing the contract.

***Individual Retirement Annuities (IRAs)*** 

IRAs are contracts that satisfy the provisions of Section 408(b) of the Code, including the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is not transferable by the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the premiums are not fixed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the contract owner is younger than age 50, the annual premium cannot exceed $7,500; if the contract owner is age 50 or older, the annual premium cannot exceed $8,600 (although rollovers of greater amounts from Qualified Plans, Tax Sheltered Annuities, certain 457 governmental plans, and other IRAs can be received);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• certain minimum distribution requirements must be satisfied after the owner attains their "applicable age" as defined in the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the entire interest of the owner in the contract is nonforfeitable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• after the death of the owner, additional distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.

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As used herein, the term "individual retirement plans" shall refer to both individual retirement annuities and individual retirement accounts that are described in Section 408 of the Code.

For further details regarding IRAs, refer to the disclosure statement provided when the IRA was established and the annuity contract's IRA endorsement.

***Roth IRAs*** 

Roth IRA contracts are contracts that satisfy the provisions of Section 408A of the Code, including the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the contract is not transferable by the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the premiums are not fixed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the contract owner is younger than age 50, the annual premium cannot exceed $7,500; if the contract owner is age 50 or older, the annual premium cannot exceed $8,600 (although rollovers of greater amounts from other Roth IRAs and other individual retirement plans can be received);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the entire interest of the owner in the contract is nonforfeitable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• after the death of the owner, certain distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.

For further details regarding Roth IRAs, please refer to the disclosure statement provided when the Roth IRA was established and the annuity contract's IRA endorsement.

***Simplified Employee Pension IRAs (SEP IRA)*** 

A SEP IRA is a written plan established by an employer for the benefit of employees which permits the employer to make contributions to an IRA established for the benefit of each employee.

An employee may make deductible contributions to a SEP IRA subject to the same restrictions and limitations as an IRA. In addition, the employer may make contributions to the SEP IRA, subject to dollar and percentage limitations imposed by both the Code and the written plan.

A SEP IRA plan must satisfy:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• minimum participation rules;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• top-heavy contribution rules;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• nondiscriminatory allocation rules; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• requirements regarding a written allocation formula.

In addition, the plan cannot restrict withdrawals of non-elective contributions, and must restrict withdrawals of elective contributions before March 15th of the following year.

***Simple IRAs*** 

A Simple IRA is an Individual Retirement Annuity that is funded exclusively by a qualified salary reduction arrangement and satisfies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• vesting requirements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• participation requirements; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• administrative requirements.

The funds contributed to a Simple IRA cannot be commingled with funds in other individual retirement plans or SEP IRAs.

A Simple IRA cannot receive rollover distributions except from another Simple IRA.

***Tax Sheltered Annuities*** 

Certain tax-exempt organizations (described in Section 501(c)(3) of the Code) and public school systems may establish a plan under which annuity contracts can be purchased for their employees. These annuity contracts are often referred to as Tax Sheltered Annuities.

Purchase payments made to Tax Sheltered Annuities are excludable from the income of the employee, up to statutory maximum amounts. These amounts should be set forth in the plan adopted by the employer.

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The owner's interest in the contract is nonforfeitable (except for failure to pay premiums) and cannot be transferred.

Final 403(b) Regulations issued by the Internal Revenue Service impose certain restrictions on non-taxable transfers or exchanges of one 403(b) Tax Sheltered Annuity contract for another. Nationwide will no longer issue or accept applications for new and/or in-service transfers to new or existing Nationwide individual 403(b) Tax Sheltered Annuity contracts used for salary reduction plans not subject to ERISA. Nationwide will continue to accept applications and in-service transfers for individual 403(b) Tax Sheltered Annuity contracts used for 403(b) plans that are subject to ERISA and certain state Optional Retirement Plans and/or Programs that have purchased at least one individual annuity contract issued by Nationwide prior to September 25, 2007.

Commencing in 2009, Tax Sheltered Annuities must be issued pursuant to a written plan, and the plan must satisfy various administrative requirements. Check with your employer to ensure that these requirements will be satisfied in a timely manner.

***Investment Only (Qualified Plans)*** 

Contracts that are owned by Qualified Plans are not intended to confer tax benefits on the beneficiaries of the plan; they are used as investment vehicles for the plan. The income tax consequences to the beneficiary of a Qualified Plan are controlled by the operation of the plan, not by operation of the assets in which the plan invests.

Beneficiaries of Qualified Plans should contact their employer and/or trustee of the plan to obtain and review the plan, trust, summary plan description and other documents for the tax and other consequences of being a participant in a Qualified Plan.

**Federal Tax Considerations**

***Federal Income Taxes*** 

The tax consequences of purchasing a contract described in this prospectus will depend on:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the type of contract purchased;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the purposes for which the contract is purchased; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the personal circumstances of individual investors having interests in the contracts.

Existing tax rules are subject to change and may affect individuals differently depending on their situation. Nationwide does not guarantee the tax status of any contracts or any transactions involving the contracts.

The following is a brief summary of some of the federal income tax considerations related to the types of contracts sold in connection with this prospectus. In addition to the federal income tax, distributions from annuity contracts may be subject to state and local income taxes. Nothing in this prospectus should be considered to be tax advice. Purchasers and prospective purchasers of the contract should consult a financial professional, tax advisor, or legal counsel to discuss the taxation and use of the contracts.

***IRAs, SEP IRAs, and Simple IRAs*** 

Distributions from IRAs, SEP IRAs, and Simple IRAs are generally taxed as ordinary income when received. If any of the amounts contributed to the Individual Retirement Annuity was non-deductible for federal income tax purposes, then a portion of each distribution is excludable from income.

The portion of a distribution that is excludable from income is based on the ratio of the amount by which non-deductible purchase payments exceed prior non-taxable distributions to total account balances at the time of the distribution. The owner of an IRA, SEP IRA, or Simple IRA must annually report the amount of non-deductible purchase payments, the amount of any distribution, the amount by which non-deductible purchase payments for all years exceed nontaxable distributions for all years, and the total balance of all IRAs, SEP IRAs, or Simple IRAs. Depending on the circumstance of the owner, all or a portion of the contributions (purchase payments) made to the account may be deducted for federal income tax purposes.

IRAs may receive rollover contributions from other individual retirement accounts, other individual retirement annuities, tax sheltered annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).

When the owner of an IRA attains their applicable age, the IRA owner is required to begin taking certain minimum distributions. In addition, upon the death of the owner of an IRA, the Code imposes mandatory distribution requirements to ensure distribution of the entire contract value within the required statutory period. Due to the Treasury Regulation's valuation rules, the amount used to compute the mandatory distributions may exceed the contract value.

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If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

*One-Rollover-Per-Year Limitation* 

A contract owner can receive a distribution from an IRA and roll it into another IRA within 60 days from the date of the distribution and not have the amount of the distribution included in taxable income. Only one rollover per year from a contract owner's IRA is allowed. The one-year period begins on the date the contract owner receives the IRA distribution, and not on the date the IRA was rolled over.

The one-rollover-per-year limitation applies in the aggregate to all the IRAs that a taxpayer owns. This means that a contract owner cannot make an IRA rollover distribution if, within the previous one-year period, an IRA rollover distribution was taken from any other IRAs owned by the taxpayer. Also, rollovers between an individual's Roth IRAs would prevent a separate rollover between the individual's traditional IRAs within the one-year period, and vice versa.

Direct transfers of IRA funds between IRA trustees are not subject to the one rollover per year limitation because such transfers are not considered rollover distributions. Also, a rollover from a traditional IRA to a Roth IRA (a conversion) is not subject to the one rollover per year limitation, and such a rollover is disregarded in applying the one rollover per year limitation to other rollovers.

***Roth IRAs*** 

Distributions of earnings from Roth IRAs are taxable or nontaxable depending upon whether they are "qualified distributions" or "non-qualified distributions." A "qualified distribution" is nontaxable if it is made after the Roth IRA has satisfied the five-year rule and meets one of the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is made on or after the date on which the contract owner attains age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is made to a beneficiary (or the contract owner's estate) on or after the death of the contract owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is attributable to the contract owner's disability; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• it is used for expenses attributable to the purchase of a home for a qualified first-time buyer.

The five-year rule is satisfied if a five taxable-year period has passed beginning with the first tax year in which a contribution is made to any Roth IRA established by the owner.

A non-qualified distribution is not includable in gross income to the extent that the distribution, when added to all previous distributions, does not exceed the total amount of contributions made to the Roth IRA. Any non-qualified distribution in excess of total contributions is includable in the contract owner's gross income as ordinary income in the year that it is distributed to the contract owner.

A Roth IRA can receive a rollover from an individual retirement plan or another eligible retirement plan; however, the amount rolled over from the individual retirement plan or other eligible retirement plan to the Roth IRA is required to be included in the owner's federal gross income at the time of the rollover and will be subject to federal income tax. However, a rollover or conversion of an amount from an IRA or eligible retirement plan cannot be recharacterized back to an IRA.

Special rules apply for Roth IRAs that have proceeds received from an individual retirement plan prior to January 1, 1999 if the owner elected the special four-year income averaging provisions that were in effect for 1998.

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

***Tax Sheltered Annuities*** 

Distributions in the form of annuity payments from Tax Sheltered Annuities are generally taxed when received. If nondeductible contributions, otherwise known as the investment in the contract, are made, then a portion of each distribution is excludable from income based on a formula established pursuant to the Code. The formula excludes from income the investment in the contract divided by the number of anticipated payments until the full investment in the contract is recovered. Thereafter all distributions are fully taxable.

A loan from a Tax Sheltered Annuity generally is not considered to be a distribution, and is therefore generally not taxable. However, if the loan is not repaid in accordance with the repayment schedule, the entire balance of the loan would be treated as being in default, and the defaulted amount would be treated as being distributed to the participant as a taxable distribution.

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Tax Sheltered Annuities may receive rollover contributions from Individual Retirement Accounts, Individual Retirement Annuities, other Tax Sheltered Annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

***10% Additional Tax for Early Withdrawal*** 

If distributions of income from an IRA, SEP IRA, Simple IRA, Roth IRA, or Tax Sheltered Annuity are made prior to the date that the owner attains the age of 59½ years, the income is subject to an additional penalty tax of 10% unless an exception applies. (For Simple IRAs, the 10% penalty is increased to 25% if the distribution is made during the 2-year period beginning on the date that the individual first participated in the Simple IRA.) The 10% penalty tax can be avoided if the distribution is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made to a beneficiary on or after the death of the owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• attributable to the owner becoming disabled (as defined in the Code);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• part of a series of substantially equal periodic payments made not less frequently than annually for the life (or life expectancy) of the owner, or the joint lives (or joint life expectancies) of the owner and his or her designated beneficiary. Substantially equal periodic payments must continue until the later of reaching age 59½ or five years from the date of the first periodic payment. Modification of payments during that time period will result in retroactive application of the 10% additional penalty tax;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made to the owner after separation from service with his or her employer after age 55 (in the case of a Tax Sheltered Annuity);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• used for qualified higher education expenses; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• used for expenses attributable to the purchase of a home for a qualified first-time buyer.

***Non-Qualified Contracts*** 

*Non-Qualified Contracts - Natural Persons as Contract Owners* 

Generally, the income earned inside a non-qualified annuity contract that is owned by a natural person is not taxable until it is distributed from the contract.

Distributions before the annuitization date are taxable to the contract owner to the extent that the cash value of the contract exceeds the investment in the contract at the time of the distribution. In general, the investment in the contract is equal to the purchase payments made with after-tax dollars reduced by any prior nontaxable distribution. Distributions, for this purpose, include full and partial surrenders, any portion of the contract that is assigned or pledged as collateral for a loan, amounts borrowed from the contract, or any portion of the contract that is transferred by gift. For these purposes, a transfer by gift may occur upon annuitization if the contract owner and the annuitant are not the same individual.

In determining the taxable amount of a distribution that is made prior to the annuitization date, all annuity contracts issued after October 21, 1988 by the same company to the same contract owner during the same calendar year will be treated as one annuity contract.

A special rule applies to distributions from contracts that have investments in the contract that were made prior to August 14, 1982. For those contracts, distributions that are made prior to the annuitization date are treated first as the nontaxable recovery of the investment in the contract as of that date. A distribution in excess of the amount of the investment in the contract as of August 14, 1982, will be treated as taxable income.

With respect to annuity distributions on or after the annuitization date, a portion of each annuity payment is excludable from taxable income. The amount excludable from each annuity payment is determined by multiplying the annuity payment by a fraction which is equal to the contract owner's investment in the contract, divided by the expected return on the contract. Once the entire investment in the contract is recovered, all distributions are fully includable in income. The maximum amount excludable from income is the investment in the contract. If the annuitant dies before the entire investment in the contract has been excluded from income, and as a result of the annuitant's death no more payments are due under the contract, then the unrecovered investment in the contract may be deducted on his or her final tax return.

The Code provides that a portion of a non-qualified annuity contract may be annuitized for either (a) a period of 10 years or greater, or (b) for the life or lives of one or more persons. The portion of the contract annuitized would be treated as if it were a separate annuity contract. This means that an annuitization date can be established for a portion of the annuity

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contract annuitized and the above description of the taxation of annuity distributions after the annuitization date would apply to the portion of the contract that has been annuitized. The investment in the contract is required to be allocated pro rata between the portion of the contract that is annuitized and the portion that is not. All other benefits under the contract (e.g., death benefit) would also be reduced pro rata. For example, if 1/3 of the cash value of the contract were to be annuitized, the death benefit would also be reduced by 1/3.

The Code imposes a penalty tax if a distribution is made before the contract owner reaches age 59½. The amount of the penalty is 10% of the portion of any distribution that is includable in gross income. The penalty tax does not apply if the distribution is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the result of a contract owner's death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the result of a contract owner's disability (as defined in the Code);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• one of a series of substantially equal periodic payments made over the life (or life expectancy) of the contract owner or the joint lives (or joint life expectancies) of the contract owner and the beneficiary selected by the contract owner to receive payment under the annuity payment option selected by the contract owner. Substantially equal periodic payments must continue until the later of reaching age 59½ or five years. Modification of payments during that time period will result in retroactive application of the 10% additional penalty tax; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• is allocable to an investment in the contract before August 14, 1982.

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner's gross estate for tax purposes.

*Non-Qualified Contracts - Non-Natural Persons as Contract Owners* 

The previous discussion related to the taxation of non-qualified contracts owned by natural persons (individuals). Different rules (the so-called "non-natural persons" rules) apply if the contract owner is not a natural person.

Generally, contracts owned by corporations, partnerships, trusts, and similar entities are not treated as annuity contracts for most purposes of the Code. Therefore, income earned under a non-qualified contract that is owned by a non-natural person is taxed as ordinary income during the taxable year in which it is earned. Taxation is not deferred, even if the income is not distributed out of the contract. The income is taxable as ordinary income, not capital gain.

The non-natural persons rules do not apply to all entity-owned contracts. For purposes of the non-natural persons rule, a contract that is owned by a non-natural person as an agent of an individual is treated as owned by the individual. This would allow the contract to be treated as an annuity under the Code, allowing tax deferral. However, this exception does not apply when the non-natural person is an employer that holds the contract under a non-qualified deferred compensation arrangement for one or more employees.

The non-natural persons rules also do not apply to contracts that are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• acquired by the estate of a decedent by reason of the death of the decedent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• issued in connection with certain qualified retirement plans and individual retirement plans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• purchased by an employer upon the termination of certain qualified retirement plans; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• immediate annuities within the meaning of Section 72(u) of the Code.

If the annuitant, who is the individual treated as owning the contract, dies before the contract is completely distributed, the balance may be included in the annuitant's gross estate for tax purposes, depending on the obligations that the non-natural owner may have owed to the annuitant.

***Diversification and Investor Control*** 

Code Section 817(h) contains rules on diversification requirements for variable annuity contracts. A variable annuity contract that does not meet these diversification requirements will not be treated as an annuity, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the failure to diversify was inadvertent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the failure is corrected; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a fine is paid to the Internal Revenue Service.

The amount of the fine will be the amount of tax that would have been paid by the contract owner if the income, for the period the contract was not diversified, had been received by the contract owner.

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If the violation is not corrected, the contract owner will be considered the owner of the underlying securities and will be currently taxed on the earnings of his or her contract. Nationwide believes that the investments underlying this contract meet these diversification requirements.

For a variable contract to receive favorable tax treatment, the life insurance company must be considered the owner of the underlying assets within the separate account that supports the investment options within the contract. If the contract owner is considered to exercise investment control over the separate account assets, the contract owner will be treated as the owner of those assets and not the insurance company. As a result, the income and gain attributed to the separate account assets will be taxed currently to the contract owner. The IRS has issued guidance that the number of investment options available or the number of transfer opportunities available under a variable product may be relevant in determining whether the variable contract owner will be considered the owner of the separate account assets. Should the Treasury Secretary issue additional rules or regulations that would limit the extent to which a contract owner may direct their investments of particular underlying investment options without being treated as owner of the separate account assets, then Nationwide will take whatever steps are available to remain in compliance.

Based on the above, we believe that the contract qualifies as an annuity contract for federal income tax purposes.

***Exchanges*** 

As a general rule, federal income tax law treats an exchange of property in the same manner as a taxable sale of the property. However, pursuant to Section 1035 of the Code, an annuity contract may be exchanged tax-free for another annuity contract. If the exchange includes the receipt of other property, such as cash, in addition to another annuity contract, special rules may cause a portion of the transaction to be taxable to the extent of the value of the other property.

*Tax Treatment of a Partial 1035 Exchange With Subsequent Withdrawal* 

Partial exchanges may be treated as a tax-free exchange under Code Section 1035. IRS Rev. Proc. 2011-38 addresses the income tax consequences of the direct transfer of a portion of the cash value of an annuity contract in exchange for the issuance of a second annuity contract (a partial exchange). A direct transfer that satisfies the revenue procedure will be treated as a tax-free exchange under Section 1035 of the Code if, for a period of at least 180 days from the date of the direct transfer, there are no distributions or surrenders from either annuity contract involved in the exchange. In addition, the 180-day period will be deemed to have been satisfied with respect to amounts received as an annuity for a period of 10 years or more, or as an annuity for the life of one or more persons. The taxation of distributions (other than distributions described in the immediately preceding sentence) received from either contract within the 180-day period will be determined using general tax principles. For example, they could be treated as taxable "boot" in an otherwise tax-free exchange, or as a distribution from the new contract. Please discuss any tax consequences concerning any contemplated or completed transactions with a professional tax advisor.

***Additional Medicare Tax*** 

Section 1411 of the Code imposes a surtax of 3.8% on certain net investment income received by individuals and certain trusts and estates. The surtax is imposed on the lesser of (a) net investment income or (b) the excess of the modified adjusted gross income over a threshold amount. For individuals, the threshold amount is $250,000 (married filing jointly); $125,000 (married filing separately); or $200,000 (other individuals). The threshold for estates and trusts is $16,000.

Modified adjusted gross income is equal to adjusted gross income with several modifications; consult with a qualified tax advisor regarding how to determine modified adjusted gross income for purposes of determining the applicability of the surtax.

Net investment income includes, but is not limited to, interest, dividends, capital gains, rent and royalty income, and income from nonqualified annuities. Net investment income does not include, among other things, distributions from certain qualified plans (such as IRAs, Roth IRAs, and plans described in Code Sections 401(a), 401(k), 403(a), 403(b) or 457(b)); however, such distributions, to the extent that they are includible in income for federal income tax purposes, are includible in modified adjusted gross income.

**Required Distributions**

The Code requires that certain distributions be made from the contracts issued in conjunction with this prospectus. Following is an overview of the required distribution rules applicable to each type of contract. Consult a qualified tax or financial professional for more specific required distribution information.

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***Required Distributions – General Information*** 

In general, depending on the type of contract, the Code requires that minimum distributions begin during the contract owner's lifetime. In addition, the Code requires that upon the death of the contract owner, minimum distributions must be made to the contract owner's beneficiary. A beneficiary is an individual or other entity that the contract owner designates to receive death proceeds upon the contract owner's death. The distribution rules in the Code make a distinction between "beneficiary" and "designated beneficiary" when determining the life expectancy that may be used for payments that are made after the death of the contract owner from IRAs, SEP IRAs, Simple IRAs, Roth IRAs, Tax Sheltered Annuities, and non-qualified annuity contracts. A designated beneficiary is a natural person (individual) who is designated by the contract owner as the beneficiary under the contract. Non-natural beneficiaries (e.g. charities, estates, or certain trusts) are not designated beneficiaries for the purpose of required distributions and the life expectancy of such a beneficiary is zero.

Life expectancies and joint life expectancies will be determined in accordance with the relevant guidance provided by the Internal Revenue Service and the Treasury Department, including but not limited to Treasury Regulation 1.72-9 and Treasury Regulation 1.401(a)(9)-9.

Required distributions paid upon the death of the contract owner are paid to the beneficiary or beneficiaries stipulated by the contract owner. How quickly the distributions must be made may be determined with respect to the life expectancies of the beneficiaries. For non-qualified contracts, the beneficiaries used in the determination of the distribution period are those in effect on the date of the contract owner's death. For contracts other than non-qualified contracts, the beneficiaries used in the determination of the distribution period do not have to be determined until September 30 of the year following the contract owner's death. Any beneficiary that is not a designated beneficiary has a life expectancy of zero.

***Required Distributions for Non-Qualified Contracts*** 

Code Section 72(s) requires Nationwide to make certain minimum distributions when a contract owner dies. The following distributions will be made in accordance with the following requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If any contract owner dies on or after the annuitization date and before the entire interest in the contract has been distributed, then the remaining interest must be distributed at least as rapidly as the distribution method in effect on the contract owner's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If any contract owner dies before the annuitization date, then the entire interest in the contract (consisting of either the death benefit or the contract value reduced by charges set forth elsewhere in the contract) must be distributed within five years of the contract owner's death, provided however:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any interest payable to or for the benefit of a designated beneficiary may be distributed over the life of the designated beneficiary or over a period not longer than the life expectancy of the designated beneficiary. Payments must begin within one year of the contract owner's death unless otherwise permitted by federal income tax regulations; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the designated beneficiary is the surviving spouse of the deceased contract owner, the spouse can choose to become the contract owner instead of receiving a death benefit. Any distributions required under these distribution rules will be made upon that spouse's death.

In the event that the contract owner is not a natural person (e.g., a trust or corporation), but is acting as an agent for a natural person, for purposes of these distribution provisions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the death of the annuitant will be treated as the death of a contract owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any change of annuitant will be treated as the death of a contract owner; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in either case, the appropriate distribution will be made upon the death or change, as the case may be.

These distribution provisions do not apply to any contract exempt from Section 72(s) of the Code by reason of Section 72(s)(5) or any other law or rule.

The Code does not require that minimum distributions during the contract owner's lifetime.

***Required Distributions for Tax Sheltered Annuities, IRAs, SEP IRAs, Simple IRAs, and Roth IRAs*** 

*<u>Required Distributions During the Life of the Contract Owner</u>* 

------

Distributions from a Tax Sheltered Annuity, IRA, SEP IRA or Simple IRA must begin no later than the required beginning date which is April 1 of the calendar year following the calendar year in which the contract owner reaches their applicable age. The applicable age is:

---

| | |
|:---|:---|
| **If the individual was born…** | **The applicable age is…** |
| Before July 1, 1949 | &nbsp;&nbsp; 70½ |
| After June 30, 1949 and before 1951 | &nbsp;&nbsp; 72 |
| After 1950 and before 1960 | &nbsp;&nbsp; 73 |
| After 1959 | &nbsp;&nbsp; 75 |

---

Distributions may be paid in a lump sum or in substantially equal payments over:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the life of the contract owner or the joint lives of the contract owner and the contract owner's designated beneficiary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a period not longer than the period determined under the table in Treasury Regulation 1.401(a)(9)-9, which is the deemed joint life expectancy of the contract owner and a person 10 years younger than the contract owner. If the designated beneficiary is the spouse of the contract owner, the period may not exceed the longer of the period determined under such table or the joint life expectancy of the contract owner and the contract owner's spouse, determined in accordance with Treasury Regulation 1.401(a)(9)-9.

For Tax Sheltered Annuities, required distributions do not have to be withdrawn from this contract if they are being withdrawn from another Tax Sheltered Annuity of the contract owner.

For IRAs, SEP IRAs, and Simple IRAs, required distributions do not have to be withdrawn from this contract if they are being withdrawn from another IRA, SEP IRA, or Simple IRA of the contract owner.

The rules for Roth IRAs do not require distributions to begin during the contract owner's lifetime, therefore, the required beginning date is not applicable to Roth IRAs.

*<u>Required Distributions Upon Death of a Contract Owner</u>* 

For death of a contract owner before January 1, 2020, please consult your tax advisor or legal counsel regarding the post-death minimum distribution rules that apply. If the contract owner dies on or after January 1, 2020, and the designated beneficiary is not an eligible designated beneficiary as defined under Code Section 401(a)(9), then the entire balance of the contract must be distributed by December 31<sup>st</sup> of the tenth year following the contract owner's death. This 10-year post-death distribution period applies regardless of whether the contract owner dies before or after the contract owner's required beginning date. Where a contract owner dies after their required beginning date, a designated beneficiary who is not an eligible designated beneficiary must continue to take annual distributions during the 10-year post-death distribution period, based generally on their life expectancy, with the entire balance of the contract required to be distributed by the end of the 10-year post-death period. Please discuss with your tax advisor about the impact this may have on your situation.

In the case of an eligible designated beneficiary, which includes (1) the contract owner's surviving spouse, (2) a minor child of the contract owner, (3) a disabled individual, (4) a chronically ill individual, or (5) an individual not more than 10 years younger than the contract owner, the entire balance of the contract can be distributed over a period not exceeding the life or life expectancy of the eligible designated beneficiary provided that distributions begin by December 31<sup>st</sup> of the calendar year after the calendar year of the contract owner's death. If an eligible designated beneficiary dies before the entire interest is distributed, the remaining interest must be distributed by December 31st of the tenth year following the eligible designated beneficiary's death.

A distribution in the form of annuity payments (an annuitization) that began on or after January 1, 2020, while the contract owner was alive may need to be commuted or modified after the contract owner's death in order to comply with the post-death distribution requirements. However, distributions in the form of annuity payments (an annuitization) that began prior to January 1, 2020, while the contract owner was alive, can continue under that method after the death the contract owner without modification.

In addition, a beneficiary who is not a designated beneficiary, such as a charity, estate, or trust, must withdraw the entire account balance by December 31<sup>st</sup> of the fifth year following the contract owner's death.

Regardless of whether the contract owner dies before, or on or after January 1, 2020, a designated beneficiary who is the surviving spouse of the deceased contract owner may choose to become the contract owner. Any distributions required under these distribution rules will be made upon the surviving spouse's death.

------

If the above distribution requirements are not met, a penalty tax of 25% is levied on the difference between the amount that should have been distributed for that year and the amount that actually was distributed for that year. The penalty tax is reduced to 10% if the required distribution not taken is distributed within a "correction window" as defined under the Code.

Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.

**Other Considerations**

***Same-Sex Marriages, Domestic Partnership, and Other Similar Relationships*** 

The Treasury issued final regulations that address what relationships are considered marriages for federal tax purposes. The final regulation's definition of a marriage reflects the United States Supreme Court holdings in Windsor and Obergefell, as well as Rev. Proc. 2017-13.

The final regulations define the terms "spouse," "husband," "wife," and "husband and wife" to be gender neutral so that these terms can apply equally to same sex couples and opposite sex couples. In addition, the regulations adopt the "place of celebration" rule to determine marital status for federal tax purposes. Therefore, a marriage of two individuals is recognized for federal tax purposes if the marriage is recognized by a state, possession, or territory of the US in which the marriage was entered into, regardless of the couple's place of domicile.

Consistent with IRS Rev. Proc. 2013-17, the final regulations provide that relationships entered into as civil unions or registered domestic partnerships that are not denominated as marriages under state law are not marriages for federal tax purposes. Therefore, the favorable income-tax deferral options afforded by federal tax law to a married spouse under Code Sections 72 and 401(a)(9) are not available to individuals who have entered into these formal relationships.

***Withholding*** 

The taxable portion of a distribution from a contract is subject to federal income tax. Nationwide is required to withhold the tax from the distributions unless the contract owner requests otherwise. Under some circumstances, the Code will not permit contract owners to waive withholding. Such circumstances include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the payee does not provide Nationwide with a taxpayer identification number; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if Nationwide receives notice from the Internal Revenue Service that the taxpayer identification number furnished by the payee is incorrect.

If a contract owner is prohibited from waiving withholding, as described above, the portion of the distribution that represents income will be subject to withholding rates established by Section 3405 of the Code.

If the distribution is from a Tax Sheltered Annuity, it will be subject to mandatory 20% withholding that cannot be waived, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the distribution is made directly to another Tax Sheltered Annuity, qualified pension or profit-sharing plan described in Section 401(a), an eligible deferred compensation plan described in Section 457(b) which is maintained by an eligible employer described in section 457(e)(1)(A) or individual retirement plan; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the distribution satisfies the minimum distribution requirements imposed by the Code.

***Non-Resident Aliens*** 

Generally, the taxable portion of a distribution from a contract to a non-resident alien is subject to federal income tax at a rate of 30% of the amount of income that is distributed.

Nationwide is required to withhold this amount and send it to the Internal Revenue Service. Some distributions to non-resident aliens may be subject to a lower (or no) tax if a treaty applies. In order to obtain the benefits of such a treaty, the non-resident alien must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) provide Nationwide with a properly completed withholding certificate claiming the treaty benefit of a lower tax rate or exemption from tax; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) provide Nationwide with an individual taxpayer identification number.

If the non-resident alien does not meet the above conditions, Nationwide will withhold 30% of income from the distribution.

Another exemption from the 30% withholding rate is available if the non-resident alien provides Nationwide with sufficient evidence that:

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the distribution is connected to the non-resident alien's conduct of business in the United States;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the distribution is includable in the non-resident alien's gross income for United States federal income tax purposes; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) provide Nationwide with a properly completed withholding certificate claiming the exemption.

Note that for the preceding exemption, the distributions would be subject to the same withholding rules that are applicable to payments to United States persons.

This prospectus does not address any tax matters that may arise by reason of application of the laws of a non-resident alien's country of citizenship and/or country of residence. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the applicability of laws of those jurisdictions to the purchase or ownership of a contract.

***FATCA*** 

Under Sections 1471 through 1474 of the Internal Revenue Code (commonly referred to as FATCA), distributions from a contract to a foreign financial institution or to a nonfinancial foreign entity, each as described by FATCA, may be subject to United States tax withholding at a flat rate equal to 30% of the taxable amount of the distribution, irrespective of the status of any beneficial owner of the contract or of the distribution. Nationwide may require a contract owner to provide certain information or documentation (e.g., Form W-9 or Form W-8BEN) to determine its withholding requirements under FATCA.

***Federal Estate, Gift and Generation Skipping Transfer Taxes*** 

The following transfers may be considered a gift for federal gift tax purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a transfer of the contract from one contract owner to another; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a distribution to someone other than a contract owner.

Upon the contract owner's death, the value of the contract may be subject to estate taxes, even if all or a portion of the value is also subject to federal income taxes.

Section 2612 of the Code may require Nationwide to determine whether a death benefit or other distribution is a "direct skip" and the amount of the resulting generation skipping transfer tax, if any. A direct skip is when property is transferred to, or a death benefit or other distribution is made to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) an individual who is two or more generations younger than the contract owner; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) certain trusts, as described in Section 2613 of the Code (generally, trusts that have no beneficiaries who are not two or more generations younger than the contract owner).

If the contract owner is not an individual, then for this purpose only, "contract owner" refers to any person:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• who would be required to include the contract, death benefit, distribution, or other payment in his or her federal gross estate at his or her death; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• who is required to report the transfer of the contract, death benefit, distribution, or other payment for federal gift tax purposes.

If a payment is subject to the generation skipping transfer tax, Nationwide may be required to deduct the amount of the transfer tax from the death benefit, distribution or other payment, and remit it directly to the Internal Revenue Service.

***Charge for Tax*** 

Nationwide is not required to maintain a capital gain reserve liability on non-qualified contracts. If tax laws change requiring a reserve, Nationwide may implement and adjust a tax charge.

**State Taxation** 

The tax rules across the various states and localities are not uniform and therefore are not discussed in this prospectus. Tax rules that may apply to contracts issued in U.S. territories such as Puerto Rico and Guam are also not discussed. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the contracts.

------

**Appendix C: Standard Death Benefit (Five-Year Reset Death Benefit) Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the Standard Death Benefit (Five-Year Reset Death Benefit) is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1991 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $106678 |
| 01-01-1996 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $90326 |
| 01-01-2001 | &nbsp;&nbsp; Five-year Contract <br> Anniversary<br>| n/a | $98267 |
| 03-01-2001 | Annuitant's 86th birthday | n/a | $98555 |
| 01-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $97113 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $97,113

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $98,267

------

**Appendix D: One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the One-Year Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1994 | Contract Anniversary | n/a | $123362 |
| 03-01-1996 | Annuitant's 86th birthday | n/a | $111026 |
| 02-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $119368 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $119,368

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $123,362

------

**Appendix E: One-Year Step Up Death Benefit Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the One-Year Step Up Death Benefit Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 01-01-1990 | Partial Withdrawal | $10000 | $106678 |
| 01-01-1994 | Contract Anniversary | n/a | $123362 |
| 03-01-1996 | Annuitant's 86th birthday | n/a | $111026 |
| 02-01-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $119368 |

---

\*

The Contract Value shown assumes a hypothetical variable net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $119,368

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; or $91,429

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

**Conclusion** 

Death Benefit = $123,362

------

**Appendix F: Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the Greater of One-Year or 5% Enhanced Death Benefit with Long-Term Care/Nursing Home Waiver and Spousal Protection Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% compound interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 02-14-1988 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $25000 | $133666 |
| 07-28-1996 | Partial Withdrawal | $10000 | $176202 |
| 09-30-2004 | Annuitant's 86th birthday | n/a | $242807 |
| 03-01-2005 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $11000 | $257803 |
| 05-15-2007 | Partial Withdrawal | $7000 | $274079 |
| 04-18-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $295602 |

---

\* The Contract Value shown assumes a 4% net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; $295,602

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the total of all purchase payments, less an adjustment for amounts withdrawn; $126,067

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the 5% interest anniversary value $252,134

**Conclusion** 

Death Benefit = 295,602

------

**Appendix G: 5% Enhanced Death Benefit Option Example** 

The purpose of this example is to show the calculations used to determine the death benefit if the 5% Enhanced Death Benefit Option is elected. The calculation assumes that the Annuitant dies before the Annuitization Date. The death benefit will be the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value.

The 5% interest anniversary value is equal to purchase payments minus amounts withdrawn, accumulated at 5% simple interest until the last Contract Anniversary prior to the Annuitant's 86th birthday. Such total accumulated amount shall not exceed 200% of the net of purchase payments and amounts withdrawn. The adjustment for amounts subsequently surrendered after the most recent Contract Anniversary will reduce the 5% interest anniversary value in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the Contract Value was reduced on the date(s) of the partial withdrawal(s).

**Contract History** 

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Event/Transaction Type** | **Transaction Amount** | **Contract Value\*** |
| 01-01-1986 | Initial Purchase Payment | $100000 | $100000 |
| 02-14-1988 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $25000 | $133666 |
| 07-28-1996 | Partial Withdrawal | $10000 | $176202 |
| 09-30-2004 | Annuitant's 86th birthday | n/a | $242807 |
| 03-01-2005 | &nbsp;&nbsp; Subsequent Purchase <br> Payment<br>| $11000 | $257803 |
| 05-15-2007 | Partial Withdrawal | $7000 | $274079 |
| 04-18-2009 | &nbsp;&nbsp; Annuitant's death and the <br> date Nationwide received <br> information to pay the death <br> benefit<br>| n/a | $295602 |

---

\* The Contract Value shown assumes a 4% net return and could be higher or lower than the amounts indicated depending on the performance of the Sub-Accounts in which the Contract Owner allocates the Contract Value.

**Calculations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Contract Value as of the date that Nationwide receives all the information necessary to pay the death benefit; $295,602

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the 5% interest anniversary value $252,134

**Conclusion** 

Death Benefit = 295,602

------

**Appendix H: Financial Intermediary Variations**

Some broker-dealers that have entered into selling agreements with Nationwide (or an affiliate) to sell this contract impose restrictions on their financial professionals that prohibit or limit the recommendation of specific features, benefits, and investment options that are described in this prospectus. Those restrictions are made by the broker-dealer and may or may not be known to Nationwide. Currently, Nationwide is not aware of any such restrictions; however, this conclusion is based only on information that Nationwide could obtain without unreasonable effort or expense and does not reflect restrictions the knowledge of which rests peculiarly with unaffiliated broker-dealers. **Applicants/Contract Owners should discuss broker-dealer restrictions on features, benefits, and investment options directly with their financial professional.**

------

**Outside back cover page** 

The Statement of Additional Information contains additional information about the Variable Account. To obtain a free copy of the Statement of Additional Information, request other information about the contract, or to make any other service requests, contact Nationwide at 1-800-848-6331 or by one of the other methods described in *Contacting the Service Center*.

The Statement of Additional Information has been filed with the SEC and is incorporated by reference into this prospectus. The SAI is also available at https://nationwide.onlineprospectus.net/NW/C000024731NW/index.php?ctype=product_sai. This prospectus is available at https://nationwide.onlineprospectus.net/NW/C000024731NW/index.php?ctype=product_prospectus.

Reports and other information about the Variable Account are available on the SEC's website at http://www.sec.gov. Copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

SEC Contract Identifier: C000024731

------

**[The Best of America](#xx_49421fc9-7555-485d-a678-b6318c218990_1)**<sup>®</sup> **[America's FUTURE Annuity](#xx_49421fc9-7555-485d-a678-b6318c218990_1)**<sup>®</sup> 

**The BB&T Future Annuity**<sup>®</sup>

**America's Future Horizon Annuity**

**The Best of America**<sup>®</sup> **America's FUTURE Annuity**<sup>®</sup> **(Key)**

**NEA Valuebuilder Future**<sup>SM</sup>

**Waddell & Reed Advisors Select Plus Annuity**<sup>SM</sup>

**STATEMENT OF ADDITIONAL INFORMATION**

**May 1, 2026**

**Individual Modified Single Premium Deferred Variable Annuity Contracts**

**Issued by Nationwide Life Insurance Company** <br>**through its Nationwide Variable Account-9**

This Statement of Additional Information is not a prospectus. It contains information in addition to and more detailed than set forth in the prospectus and should be read in conjunction with the prospectus dated May 1, 2026. The prospectus may be obtained from Nationwide Life Insurance Company by writing P.O. Box 182021, Columbus, Ohio 43218-2021, or calling 1-800-848-6331, TDD 1-800-238-3035. For contracts that are issued through NEA, all inquiries and requests should be made to the Service Center by writing to NEA Valuebuilder Program, One Security Benefit Place, Topeka, Kansas 66636-0001, or calling 1-800-NEA-VALU (1-800-632-8258). Capitalized terms in this Statement of Additional Information correspond to terms defined in the prospectus.

**TABLE OF CONTENTS** 

---

| | |
|:---|:---|
|  | **Page** |
| **[General Information and History](#xx_49421fc9-7555-485d-a678-b6318c218990_1)** | &nbsp;&nbsp; 2 |
| **[Services](#xx_49421fc9-7555-485d-a678-b6318c218990_1)** | &nbsp;&nbsp; 2 |
| **[Financial Statements](#xx_49421fc9-7555-485d-a678-b6318c218990_1)** | &nbsp;&nbsp; 2 |
| **[Purchase of Securities Being Offered](#xx_49421fc9-7555-485d-a678-b6318c218990_2)** | &nbsp;&nbsp; 3 |
| **[Underwriters](#xx_49421fc9-7555-485d-a678-b6318c218990_2)** | &nbsp;&nbsp; 3 |
| **[Annuity Payments](#xx_49421fc9-7555-485d-a678-b6318c218990_2)** | &nbsp;&nbsp; 3 |

---

------

**General Information and History** 

Nationwide Variable Account-9 (the "Variable Account") is a separate investment account of Nationwide Life Insurance Company ("Nationwide"). Nationwide established the Variable Account on May 22, 1997 pursuant to Ohio law. The Variable Account is registered with the SEC as a unit investment trust pursuant to the Investment Company Act of 1940.

Nationwide is a stock life insurance company organized under the laws of the State of Ohio in March of 1929 with its Home Office at One Nationwide Plaza, Columbus, Ohio 43215. Nationwide provides life insurance, annuities and retirement products. Nationwide is admitted to do business in all states, the District of Columbia, Guam, the U.S. Virgin Islands, and Puerto Rico. Nationwide is a member of the Nationwide group of companies and all of its common stock is owned by Nationwide Financial Services, Inc. ("NFS"), a holding company. Nationwide Corporation owns all of NFS's common stock and is a holding company, as well. All of Nationwide Corporation's common stock is held by Nationwide Mutual Insurance Company (95.2%) and Nationwide Mutual Fire Insurance Company (4.8%), the ultimate controlling persons of the Nationwide group of companies.

**Services** 

Nationwide and Security Benefit Life ("SBL") have responsibility for administration of the contracts and the Variable Account. Nationwide and SBL maintain records including the name, address, taxpayer identification number, and other pertinent information, such as the number and type of contracts issued to each contract owner and records with respect to Contract Value.

The custodian of the assets of the Variable Account is Nationwide. Nationwide relies on SBL as a third party administrator to maintain records of all purchases and redemptions of shares of the underlying mutual funds and to forward these to Nationwide. Nationwide, or its affiliates may have entered into agreements with the underlying mutual funds and/or their affiliates. The agreements are related to services furnished by Nationwide or an affiliate of Nationwide. Some of the services provided include distribution of underlying fund prospectuses, semi-annual and annual fund reports, proxy materials and fund communications, as well as maintaining the websites and voice response systems necessary for contract owners to execute trades in the funds. Nationwide also acts as a limited agent for the fund for purposes of accepting the trades. See *Underlying Mutual Fund Service Fee Payments* located in the prospectus.

**Distribution, Promotional, and Sales Expenses** 

In addition to or partially in lieu of commission, Nationwide may pay the selling firms a marketing allowance, which is based on the firm's ability and demonstrated willingness to promote and market Nationwide's products. How any marketing allowance is spent is determined by the firm, but generally will be used to finance firm activities that may contribute to the promotion and marketing of Nationwide's products. Nationwide makes certain assumptions about the amount of marketing allowance it will pay and takes these assumptions into consideration when it determines the charges that will be assessed under the contracts. For the contracts described in the prospectus, Nationwide assumed 0.75% (of the purchase payment amount) for the marketing allowance when determining the charges for the contracts. The actual amount of the marketing allowance may be higher or lower than this assumption. If the actual amount of marketing allowance paid is more than what was assumed, Nationwide will fund the difference. Nationwide generally does not profit from any excess marketing allowance if the amount assumed was higher than what is actually paid. Any excess would be spent on additional marketing for the contracts. For more information about marketing allowance or how a particular selling firm uses marketing allowances, consult with your financial professional.

When Nationwide is made aware that a Qualified Plan has been orphaned, commission payments payable with respect to that Qualified Plan will cease and commission payments that would have been due will not be sent to the Qualified Plan. An orphaned Qualified Plan is a plan without an agent or firm of record.

**Financial Statements** 

The December 31, 2025 financial statements of the Variable Account and the December 31, 2025 financial statements of the Company are incorporated into this SAI by reference to the Variable Account's most recent [<u>Form N-VPFS</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312526143387/d100926dnvpfs.htm) ("Form N-VPFS") filed with the SEC.

------

**Independent Registered Public Accounting Firm** 

The financial statements of Nationwide Variable Account-9 and the statutory financial statements and financial statement schedules of Nationwide Life Insurance Company have been incorporated by reference herein in reliance upon the reports of KPMG LLP, independent registered public accounting firm, incorporated by reference herein, and upon the authority of said firm as experts in accounting and auditing.

The KPMG LLP report dated March 23, 2026 of Nationwide Life Insurance Company includes explanatory language that states that the financial statements are prepared by Nationwide Life Insurance Company using statutory accounting practices prescribed or permitted by the Ohio Department of Insurance, which is a basis of accounting other than U.S. generally accepted accounting principles. Accordingly, the KPMG LLP audit report states that the financial statements are not presented fairly in accordance with U.S. generally accepted accounting principles and further states that those financial statements are presented fairly, in all material respects, in accordance with statutory accounting practices prescribed or permitted by the Ohio Department of Insurance.

The KPMG LLP report dated March 23, 2026 of Nationwide Life Insurance Company also contains an emphasis of matter paragraph that states that Nationwide Life Insurance Company's subsidiary received permission from the Ohio Department of Insurance in 2023 to account for an excess of loss reinsurance recoverable as an admitted asset. Under prescribed statutory accounting practices, the excess of loss reinsurance recoverable would not be an admitted asset. As of December 31, 2025, 2024 and 2023, that permitted accounting practice increased statutory surplus over what it would have been had that prescribed accounting practice been followed. KPMG LLP's opinions are not modified with respect to this matter.

**Purchase of Securities Being Offered** 

The contracts will be sold by licensed insurance agents in the states where the contracts may be lawfully sold. Such agents will be registered representatives of broker-dealers registered under the Securities Exchange Act of 1934 who are members of the Financial Industry Regulatory Authority (FINRA).

**Underwriters**

The contracts, which are offered continuously, are distributed by Nationwide Investment Services Corporation ("NISC"), One Nationwide Plaza, Columbus, Ohio 43215, a wholly owned subsidiary of Nationwide. For contracts issued in Michigan, all references to NISC will mean Nationwide Investment Svcs. Corporation. No underwriting commissions have been paid by Nationwide to NISC for each of this Variable Account's last three fiscal years.

The contracts, which are offered continuously, are distributed by Security Distributors, Inc. ("SDI"), One Security Benefit Place, Topeka, Kansas 66636-0001. No underwriting commissions have been paid by Nationwide to SDI for each of this Variable Account's last three fiscal years.

**Annuity Payments** 

See *Annuitizing the Contract* located in the prospectus. Annuity payments for contracts that have elected variable annuitization are determined as follows:

**First Variable Annuity Payment** 

A number of factors determine the amount of the first variable annuity payment, including, but not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the portion of the Contract Value allocated to provide variable annuity payments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Variable Account value on the Annuitization Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the adjusted age and sex of the Annuitant (and joint annuitant, if any) in accordance with the contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the annuity payment option elected;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the frequency of annuity payments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Annuitization Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the assumed investment return (the net investment return required to maintain level variable annuity payments);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the deduction of applicable premium taxes; and

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date the contract was issued.

**Assumed Investment Return** 

An assumed investment return is the net investment return required to maintain level variable annuity payments. Nationwide uses a 3.5% assumed investment return factor. Therefore, if the net investment performance of each Sub-Account in which the Contract Owner invests exactly equals 3.5% for every payment period, then each payment will be the same amount. To the extent that investment performance is not equal to 3.5% for given payment periods, the amount of the payments in those periods will not be the same. Payments will increase from one payment date to the next if the annualized net rate of return is greater than 3.5% during that time. Conversely, payments will decrease from one payment to the next if the annualized net rate of return is less than 3.5% during that time.

Nationwide uses the assumed investment rate of return to determine the amount of the first variable annuity payment.

**Subsequent Variable Annuity Payments** 

Variable annuity payments after the first will vary with the performance of the Sub-Accounts chosen by the Contract Owner after the investment performance is adjusted by the assumed investment return factor.

The dollar amount of each subsequent variable annuity payment is determined by taking the portion of the first annuity payment funded by a particular Sub-Account divided by the Annuity Unit value for that Sub-Account as of the Annuitization Date. This establishes the number of Annuity Units provided by each Sub-Account for each variable annuity payment after the first.

The number of Annuity Units comprising each variable annuity payment, on a Sub-Account basis, will remain constant, unless the Contract Owner transfers value from one Sub-Account to another. After annuitization, transfers among Sub-Accounts may only be made once per calendar year.

The number of Annuity Units for each Sub-Account is multiplied by the Annuity Unit value for that Sub-Account for the Valuation Period for which the payment is due. The sum of these results for all the Sub-Accounts in which the Contract Owner invests establishes the dollar amount of the variable annuity payment.

Subsequent variable annuity payments may be more or less than the previous variable annuity payment, depending on whether the net investment performance of the elected Sub-Accounts is greater or lesser than the assumed investment return.

**Value of an Annuity Unit** 

Annuity Unit values for Sub-Accounts are determined by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) multiplying the Annuity Unit value for each Sub-Account for the immediately preceding Valuation Period by the Net Investment Factor for the Sub-Account for the subsequent Valuation Period; and then

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) multiplying the result from (1) by a factor to neutralize the assumed investment return factor.

The Net Investment Factor for any particular Sub-Account on or after the Annuitization Date is determined by dividing (a) by (b), and then subtracting (c) from the result, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Net Asset Value of the underlying mutual fund as of the end of the current Valuation Period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the per share amount of any dividend or income distributions made by the underlying mutual fund (if the date of the dividend or income distribution occurs during the current Valuation Period).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the Net Asset Value of the underlying mutual fund determined as of the end of the preceding Valuation Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) is a factor representing the daily Variable Account charges applicable to the contract.

Based on the change in the Net Investment Factor, the value of an Annuity Unit may increase or decrease. Changes in the Net Investment Factor may not be directly proportional to changes in the Net Asset Value of the underlying mutual fund shares because of the deduction of Variable Account charges.

Though the number of Annuity Units will not change as a result of investment experience, the value of an Annuity Unit may increase or decrease from Valuation Period to Valuation Period.

------

**PART C. OTHER INFORMATION**

**Item 27. Exhibits**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)

[<u>Resolution of the Depositor's Board of Directors authorizing the establishment of the Registrant – Filed</u>](https://www.sec.gov/Archives/edgar/data/1040376/0000950152-97-004443.txt)[<u>previously June 11, 1997 with initial Registration Statement (File No. 333-28995) and is hereby incorporated by</u>](https://www.sec.gov/Archives/edgar/data/1040376/0000950152-97-004443.txt)[<u>reference.</u>](https://www.sec.gov/Archives/edgar/data/1040376/0000950152-97-004443.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)

Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)

[<u>Amended and Restated Distribution Agreement dated November 1, 2022 between Nationwide Life Insurance</u>](https://www.sec.gov/Archives/edgar/data/1005336/000119312522274844/d411880dex99c4.htm)[<u>Company, Nationwide Life and Annuity Insurance Company, Jefferson National Life Insurance Company, and</u>](https://www.sec.gov/Archives/edgar/data/1005336/000119312522274844/d411880dex99c4.htm)[<u>Nationwide Investment Services Corporation – Filed previously with Post-Effective Amendment No. 29 on</u>](https://www.sec.gov/Archives/edgar/data/1005336/000119312522274844/d411880dex99c4.htm)[<u>November 1, 2022 (333-124048) and hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/1005336/000119312522274844/d411880dex99c4.htm)

[<u>Underwriting or Distribution of Contracts between the Depositor and SDI as Principal Underwriter – Filed</u>](https://www.sec.gov/Archives/edgar/data/1040376/000095015200003153/0000950152-00-003153.txt)[<u>previously on April 26, 2000 with Post-Effective Amendment No. 8 to the Registration Statement (333-28995)</u>](https://www.sec.gov/Archives/edgar/data/1040376/000095015200003153/0000950152-00-003153.txt)[<u>and hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/1040376/000095015200003153/0000950152-00-003153.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d)

[<u>The form of the variable annuity contract – Filed previously on June 11, 1997 with initial Registration Statement</u>](https://www.sec.gov/Archives/edgar/data/1040376/0000950152-97-004443.txt)[<u>(File No. 333-28995) and is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/1040376/0000950152-97-004443.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e)

[<u>Variable Annuity Application – Filed previously on June 11, 1997 with the initial Registration Statement (File No.</u>](https://www.sec.gov/Archives/edgar/data/1040376/0000950152-97-004443.txt)[<u>333-28995) and is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/1040376/0000950152-97-004443.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f)

Depositor's Certificate of Incorporation and By-Laws –

1)

[<u>Amended Articles of Incorporation for Nationwide Life Insurance Company. Filed previously with initial</u>](https://www.sec.gov/Archives/edgar/data/904817/000119090309001829/exhibit6a.htm)[<u>registration statement (333-164125) on January 4, 2010 as document "exhibit6a.htm" and hereby</u>](https://www.sec.gov/Archives/edgar/data/904817/000119090309001829/exhibit6a.htm)[<u>incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/904817/000119090309001829/exhibit6a.htm)

2)

[<u>Amended and Restated Code of Regulations of Nationwide Life Insurance Company. Filed previously with</u>](https://www.sec.gov/Archives/edgar/data/904817/000119090309001829/exhibit6b.htm)[<u>initial registration statement (333-164125) on January 4, 2010 as document "exhibit6b.htm" and hereby</u>](https://www.sec.gov/Archives/edgar/data/904817/000119090309001829/exhibit6b.htm)[<u>incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/904817/000119090309001829/exhibit6b.htm)

3)

[<u>Articles of Merger of Nationwide Life Insurance Company of America with and into Nationwide Life</u>](https://www.sec.gov/Archives/edgar/data/904817/000119090309001829/exhibit6c.htm)[<u>Insurance Company, effective December 31, 2009. Filed previously with initial registration statement (333-</u>](https://www.sec.gov/Archives/edgar/data/904817/000119090309001829/exhibit6c.htm)[<u>164125) on January 4, 2010 as document "exhibit6c.htm" and hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/904817/000119090309001829/exhibit6c.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g)

Reinsurance Agreements –

1)

[<u>Automatic Reinsurance Agreement between Nationwide Life Insurance Company and AXA Re Life</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312523109246/d377046dex9927g1.htm)[<u>Insurance Company (Agr 99029) effective May 1, 1999 – Filed previously with Post-Effective Amendment</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312523109246/d377046dex9927g1.htm)[<u>No. 59 to the registration statement (File No. 333-28995) on April 21, 2023 and hereby incorporated by</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312523109246/d377046dex9927g1.htm)[<u>reference. Portions of this exhibit have been redacted.</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312523109246/d377046dex9927g1.htm)

2)

[<u>Automatic Reinsurance Agreement between Nationwide Life Insurance Company and AXA Re Life</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312523109246/d377046dex9927g2.htm)[<u>Insurance Company (Agr 99016) effective May 1, 1999 – Filed previously with Post-Effective Amendment</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312523109246/d377046dex9927g2.htm)[<u>No. 59 to the registration statement (File No. 333-28995) on April 21, 2023 and hereby incorporated by</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312523109246/d377046dex9927g2.htm)[<u>reference. Portions of this exhibit have been redacted.</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312523109246/d377046dex9927g2.htm)

3)

[<u>Automatic Reinsurance Agreement between Nationwide Life Insurance Company and Swiss Re Life &</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312523109246/d377046dex9927g3.htm)[<u>Health America Inc. effective November 3, 1997 – Filed previously with Post-Effective Amendment No. 59 to</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312523109246/d377046dex9927g3.htm)[<u>the registration statement (File No. 333-28995) on April 21, 2023 and hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312523109246/d377046dex9927g3.htm)[<u>Portions of this exhibit have been redacted.</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312523109246/d377046dex9927g3.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h)

Form of Participation Agreements –

Unless indicated as attached hereto, the following fund participation agreements were previously filed and are hereby incorporated by reference.

1)

[<u>Fund Participation Agreement with AIM Variable Insurance Funds, AIM Advisors, Inc., and AIM Distributors</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/aimfpa99h1.htm)[<u>dated January 6, 2003 with the registration statement under 333-140608, pre-effective amendment number</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/aimfpa99h1.htm)[<u>1 filed on July 17, 2007 as document aimfpa99h1.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/aimfpa99h1.htm)

------

2)

[<u>Fund Participation Agreement (Amended and Restated) with Alliance Capital Management L.P. and</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/alliancebernsteinfpa.htm)[<u>Alliance-Bernstein Investment Research and Management, Inc. dated June 1, 2003 with the registration</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/alliancebernsteinfpa.htm)[<u>statement under 333-137202, pre-effective amendment number 3 filed on September 27, 2007 as document</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/alliancebernsteinfpa.htm)[<u>alliancebernsteinfpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/alliancebernsteinfpa.htm)

3)

[<u>Amended and Restated Fund Participation and Shareholder Services Agreement with American Century</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/amcentfpa99h2.htm)[<u>Investment Services, Inc., as amended, dated September 15, 2004 with the registration statement under</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/amcentfpa99h2.htm)[<u>333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document amcentfpa99h2.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/amcentfpa99h2.htm)

4)

[<u>Fund Participation Agreement with American Funds Insurance Series and Capital Research and</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/americanfundsfpa.htm)[<u>Management Company. dated July 20, 2005 with the registration statement under 333-137202, pre-effective</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/americanfundsfpa.htm)[<u>amendment number 3 filed on September 27, 2007 as document americanfundsfpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/americanfundsfpa.htm)

5)

[<u>Fund Participation Agreement with BlackRock (formerly FAM Distributors, Inc. and FAM Variable Series</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/blackrockfpa.htm)[<u>Funds, Inc.), as amended, dated April 13, 2004 with the registration statement under 333-137202, pre-</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/blackrockfpa.htm)[<u>effective amendment number 3 filed on September 27, 2007 as document blackrockfpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/blackrockfpa.htm)

6)

[<u>Participation Agreement among Nationwide Financial Services, Inc., Calvert Variable Products, Inc., and</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99h8.htm)[<u>Eaton Vance Distributors, Inc., as amended, dated January 1, 2017 with the registration statement under</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99h8.htm)[<u>333-177439, post-effective amendment number 42 filed on April 25, 2024 as document</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99h8.htm)[<u>d777109dex99h8.htm.</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99h8.htm) Portions of this exhibit have been redacted.

7)

[<u>Fund Participation Agreement with Columbia Management Investment Advisers, LLC and Columbia</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312517122065/d324999dex9926h.htm)[<u>Management Investment Distributors, Inc. dated December 7, 2015 with the registration statement under</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312517122065/d324999dex9926h.htm)[<u>333-103095, post-effective amendment number 39 filed on April 13, 2017 as document columbiafpa.htm</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312517122065/d324999dex9926h.htm)

8)

[<u>Fund Participation Agreement with Delaware Management Company and Delaware Distributors, L.P., as</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/delawarefpa.htm)[<u>amended, dated February 5, 2008 with the registration statement under 333-43671, post-effective</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/delawarefpa.htm)[<u>amendment number 43 filed on April 12, 2011 as document delawarefpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/delawarefpa.htm)

9)

[<u>Restated and Amended Fund Participation Agreement with The Dreyfus Corporation, as amended, dated</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/dreyfusfpa99h3.htm)[<u>January 27, 2000 with the registration statement under 333-140608, pre-effective amendment number 1</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/dreyfusfpa99h3.htm)[<u>filed on July 17, 2007 as document dreyfusfpa99h3.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/dreyfusfpa99h3.htm)

10)

[<u>Fund Participation Agreement with Eaton Vance Variable Trust and Eaton Vance Distributors, Inc. dated</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/eatonvancefpa.htm)[<u>March 24, 2011 with the registration statement under 333-43671, post-effective amendment number 43 filed</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/eatonvancefpa.htm)[<u>on April 12, 2011 as document eatonvancefpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/eatonvancefpa.htm)

11)

[<u>Fund Participation Agreement with Federated Insurance Series and Federated Securities Corp., as</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/fedfpa99h4.htm)[<u>amended, dated April 1, 2006 with the registration statement under 333-140608, pre-effective amendment</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/fedfpa99h4.htm)[<u>number 1 filed on July 17, 2007 as document fedfpa99h4.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/fedfpa99h4.htm)

12)

[<u>Participation Agreement among (Fidelity) Variable Insurance Products Funds, Fidelity Distributors Company</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99h14.htm)[<u>LLC, Nationwide Life Insurance Company, Nationwide Life and Annuity Insurance Company, Jefferson</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99h14.htm)[<u>National Life Insurance Company, and Jefferson National Life Insurance Company of New York dated</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99h14.htm)[<u>October 11, 2023 with the registration statement under 333-177439, post-effective amendment number 42</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99h14.htm)[<u>filed on April 25, 2024 as document d777109dex99h14.htm.</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99h14.htm)

13)

This field is intentionally blank.

14)

This field is intentionally blank.

15)

[<u>Amended and Restated Fund Participation Agreement with Franklin Templeton Variable Insurance Products</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/frankfpa99h8.htm)[<u>Trust and Franklin/Templeton Distributors, Inc., as amended, dated May 1, 2003 with the registration</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/frankfpa99h8.htm)[<u>statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/frankfpa99h8.htm)[<u>frankfpa99h8.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/frankfpa99h8.htm)

16)

[<u>Fund Participation Agreement with Goldman Sachs Variable Insurance Trust, and Goldman Sachs & Co.</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/goldmansachsfpa.htm)[<u>dated December 22, 1998 with the registration statement under 333-43671, post-effective amendment</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/goldmansachsfpa.htm)[<u>number 43 filed on April 12, 2011 as document goldmansachsfpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/goldmansachsfpa.htm)

17)

[<u>Fund Participation Agreement, Service and Institutional Shares, with Janus Aspen Series dated December</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/janusfpa99h9a.htm)[<u>31, 1999 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/janusfpa99h9a.htm)[<u>17, 2007 as document janusfpa99h9a.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/janusfpa99h9a.htm)

------

18)

[<u>Fund Participation Agreement with J.P. Morgan Series Trust II dated February 18, 2003 with the registration</u>](https://www.sec.gov/Archives/edgar/data/1065753/000119090308000257/jpmorgan.htm)[<u>statement under 333-59517, post-effective amendment number 42 filed on April 30, 2008 as document</u>](https://www.sec.gov/Archives/edgar/data/1065753/000119090308000257/jpmorgan.htm)[<u>jpmorganfpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1065753/000119090308000257/jpmorgan.htm)

19)

[<u>Fund Participation Agreement with Lazard Retirement Series, Inc., and Lazard Asset Management</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/lazardfpa.htm)[<u>Securities LLC dated April 13, 2009 with the registration statement under 333-43671, post-effective</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/lazardfpa.htm)[<u>amendment number 43 filed on April 12, 2011 as document lazardfpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/lazardfpa.htm)

20)

[<u>Fund Participation Agreement with Legg Mason Investor Services, LLC (formerly, Salomon Brothers</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/leggmasonfpa.htm)[<u>Variable Series Funds Inc., Salomon Brothers Asset Management Inc.), as amended, dated September,</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/leggmasonfpa.htm)[<u>1999 with the registration statement under 333-137202, pre-effective amendment number 3 filed on</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/leggmasonfpa.htm)[<u>September 27, 2007 as document leggmasonfpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/leggmasonfpa.htm)

21)

[<u>Fund Participation Agreement with Lord Abbett Series Fund, Inc. and Lord Abbett Distributor LLC, as</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/lordabbettfpa.htm)[<u>amended, dated December 31, 2002 with the registration statement under 333-137202, pre-effective</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/lordabbettfpa.htm)[<u>amendment number 3 filed on September 27, 2007 as document lordabbettfpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/lordabbettfpa.htm)

22)

[<u>Participation Agreement Among MFS Variable Insurance Trust, MFS Variable Insurance Trust II, Nationwide</u>](https://www.sec.gov/Archives/edgar/data/1755596/000119312519240641/d737458dex9924b24.htm)[<u>Financial Services, Inc., and MFS Fund Distributors, Inc., dated May 2, 2011 with the registration statement</u>](https://www.sec.gov/Archives/edgar/data/1755596/000119312519240641/d737458dex9924b24.htm)[<u>under 333-227783, post-effective amendment number 3 filed on September 9, 2019 as document</u>](https://www.sec.gov/Archives/edgar/data/1755596/000119312519240641/d737458dex9924b24.htm)[<u>d737458dex9924b24.htm</u>](https://www.sec.gov/Archives/edgar/data/1755596/000119312519240641/d737458dex9924b24.htm)

23)

[<u>Fund Participation Agreement with Nationwide Variable Insurance Trust (formerly, Gartmore Variable</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/nwfpa99h12b.htm)[<u>Insurance Trust), American Funds Insurance Series, and Capital Research and Management Company</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/nwfpa99h12b.htm)[<u>dated May 1, 2007 with the registration statement under 333-140608, pre-effective amendment number 1</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/nwfpa99h12b.htm)[<u>filed on July 17, 2007 as document nwfpa99h12b.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/nwfpa99h12b.htm)

24)

[<u>Fund Participation Agreement with Neuberger Berman Management Inc. dated January 1, 2006 with the</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/neuberfpa99h13.htm)[<u>registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/neuberfpa99h13.htm)[<u>document neuberfpa99h13.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/neuberfpa99h13.htm)

25)

[<u>Fund Participation Agreement with New Age Alpha Advisors, LLC. dated October 28, 2024 – with the</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312524232043/d893195dex99h25.htm)[<u>registration statement under 333-28995, post-effective amendment number 62 filed on October 3, 2024 as</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312524232043/d893195dex99h25.htm)[<u>document d893195dex99h2.htm.</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312524232043/d893195dex99h25.htm) Portions of this exhibit have been redacted.

26)

[<u>Fund Participation Agreement with Oppenheimer Variable Account Funds and Oppenheimer Funds, Inc.</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/oppenfpa99h14.htm)[<u>dated April 13, 2007 with the registration statement under 333-140608, pre-effective amendment number 1</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/oppenfpa99h14.htm)[<u>filed on July 17, 2007 as document oppenfpa99h14.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/oppenfpa99h14.htm)

27)

[<u>Fund Participation Agreement with PIMCO Variable Insurance Trust and PIMCO Funds Distributors, LLC, as</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pimcofpa.htm)[<u>amended, dated March 28, 2002 with the registration statement under 333-137202, pre-effective</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pimcofpa.htm)[<u>amendment number 3 filed on September 27, 2007 as document pimcofpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pimcofpa.htm)

28)

[<u>Fund Participation Agreement with Pioneer Variable Contracts Trust, Pioneer Investment Management, Inc.</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pioneerfpa.htm)[<u>and Pioneer Funds Distributor, Inc., as amended, dated September 27, 2002 with the registration statement</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pioneerfpa.htm)[<u>under 333-137202, pre-effective amendment number 3 filed on September 27, 2007 as document</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pioneerfpa.htm)[<u>pioneerfpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pioneerfpa.htm)

29)

[<u>Fund Participation Agreement with Putnam Variable Trust and Putnam Retail Management, L.P. dated</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/putnamfpa.htm)[<u>February 1, 2002 with the registration statement under 333-137202, pre-effective amendment number 3</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/putnamfpa.htm)[<u>filed on September 27, 2007 as document putnamfpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/putnamfpa.htm)

30)

[<u>Fund Participation Agreement with Royce & Associates, Inc., as amended, dated February 14, 2002 with</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/roycefpa.htm)[<u>the registration statement under 333-137202, pre-effective amendment number 3 filed on September 27,</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/roycefpa.htm)[<u>2007 as document roycefpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/roycefpa.htm)

31)

[<u>Fund Participation Agreement with Security Distributors, Inc., and Security Benefit Life Insurance Company</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119090308000175/sbl_fpa.htm)[<u>dated June 9, 2006 with the registration statement under 333-28995, post-effective amendment number 30</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119090308000175/sbl_fpa.htm)[<u>filed on April 22, 2008 as document sbl_fpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119090308000175/sbl_fpa.htm)

32)

[<u>Fund Participation Agreement with Rydex Variable Trust & Rydex Distributors, Inc. dated September 10,</u>](https://www.sec.gov/Archives/edgar/data/843075/000119090308000146/rydexfundpartagreement.htm)[<u>2001 with the registration statement under 333-62692, post-effective amendment number 20 filed on April</u>](https://www.sec.gov/Archives/edgar/data/843075/000119090308000146/rydexfundpartagreement.htm)[<u>18, 2008 as document rydexfundpartagreement.htm</u>](https://www.sec.gov/Archives/edgar/data/843075/000119090308000146/rydexfundpartagreement.htm)

------

33)

[<u>Fund Participation Agreement with Unified Financial Securities and Huntington Asset Advisors, Inc. dated</u>](https://www.sec.gov/Archives/edgar/data/356514/000119090310001883/huntingtonfpa.htm)[<u>August 13, 2010 with the registration statement under 333-164886, post effective amendment number 2</u>](https://www.sec.gov/Archives/edgar/data/356514/000119090310001883/huntingtonfpa.htm)[<u>filed on October 26, 2010 as document huntingtonfpa.htm</u>](https://www.sec.gov/Archives/edgar/data/356514/000119090310001883/huntingtonfpa.htm)

34)

[<u>Fund Participation Agreement with The Universal Institutional Funds, Inc., Morgan Stanley & Co.</u>](https://www.sec.gov/Archives/edgar/data/927751/000119090308000181/vankampenfpa.htm)[<u>Incorporated, Morgan Stanley Investment Management Inc., as amended, dated February 1, 2002 with the</u>](https://www.sec.gov/Archives/edgar/data/927751/000119090308000181/vankampenfpa.htm)[<u>registration statement under 033-89560, post-effective amendment number 25 filed on April 23, 2008 as</u>](https://www.sec.gov/Archives/edgar/data/927751/000119090308000181/vankampenfpa.htm)[<u>document vankampenfpa.htm</u>](https://www.sec.gov/Archives/edgar/data/927751/000119090308000181/vankampenfpa.htm)

35)

[<u>Fund Participation Agreement with T. Rowe Price Equity Series, Inc., T. Rowe Price International Series,</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/trowefpa99h15.htm)[<u>Inc., T. Rowe Price Fixed Income Series, Inc., and T. Rowe Price Investment Services, Inc., as amended,</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/trowefpa99h15.htm)[<u>dated October 1, 2002 with the registration statement under 333-140608, pre-effective amendment number</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/trowefpa99h15.htm)[<u>1 filed on July 17, 2007 as document trowefpa99h15.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/trowefpa99h15.htm)

36)

[<u>Fund Participation Agreement with Van Eck Investment Trust, Van Eck Associates Corporation, and Van</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/vaneckfpa.htm)[<u>Eck Securities Corporation, as amended, dated September 1, 1989 with the registration statement under</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/vaneckfpa.htm)[<u>333-137202, pre-effective amendment number 3 filed on September 27, 2007 as document vaneckfpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/vaneckfpa.htm)

37)

[<u>Fund Participation Agreement with The Victory Variable Insurance Funds, Key Asset Management Inc., and</u>](https://www.sec.gov/Archives/edgar/data/356514/000119090311000343/victoryfpa.htm)[<u>BISYS Fund Services dated June 30, 1999 with the registration statement under 333-103094, post-effective</u>](https://www.sec.gov/Archives/edgar/data/356514/000119090311000343/victoryfpa.htm)[<u>amendment number 30 filed on April 20, 2011 as document victoryfpa.htm</u>](https://www.sec.gov/Archives/edgar/data/356514/000119090311000343/victoryfpa.htm)

38)

[<u>Fund Participation Agreement with Waddell & Reed Services Company and Waddell & Reed, Inc, as</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/waddellreedfpa.htm)[<u>amended, dated December 1, 2000 with the registration statement under 333-137202, pre-effective</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/waddellreedfpa.htm)[<u>amendment number 3 filed on September 27, 2007 as document waddellreedfpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/waddellreedfpa.htm)

39)

[<u>Fund Participation Agreement with Wells Fargo Management, LLC, and Stephens, Inc., as amended, dated</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/wellsfargofpa.htm)[<u>November 15, 2004 with the registration statement under 333-137202, pre-effective amendment number 3</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/wellsfargofpa.htm)[<u>filed on September 27, 2007 as document wellsfargofpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/wellsfargofpa.htm)

40)

[<u>Fund Participation Agreement with Nationwide Variable Insurance Trust (formerly, Gartmore Variable</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/nwfpa99h12a.htm)[<u>Insurance Trust) dated May 2, 2005, as amended, filed on July 17, 2007 with pre-effective amendment</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/nwfpa99h12a.htm)[<u>number 1 of registration statement (333-140608) under document "nwfpa99h12a.htm"</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/nwfpa99h12a.htm)

41)

[<u>Fund Participation Agreement with Nationwide Financial Services, Inc., Mutual Fund & Variable Insurance</u>](https://www.sec.gov/Archives/edgar/data/1005336/000119312519030616/d699044dex99nnn.htm)[<u>Trust, and Northern Lights Distributors, LLC, dated January 25, 2019, filed on February 7, 2019 with post-</u>](https://www.sec.gov/Archives/edgar/data/1005336/000119312519030616/d699044dex99nnn.htm)[<u>effective amendment number 20 of registration statement (333-124048) under document</u>](https://www.sec.gov/Archives/edgar/data/1005336/000119312519030616/d699044dex99nnn.htm)[<u>"d699044dex99nnn.htm"</u>](https://www.sec.gov/Archives/edgar/data/1005336/000119312519030616/d699044dex99nnn.htm)

42)

[<u>Fund Participation Agreement with Virtus Variable Insurance Trust and VP Distributors, LLC, dated October</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119312519110239/d674921dex9926h32.htm)[<u>1, 2018 with the registration statement under 333-215169, post-effective amendment number 5 filed on April</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119312519110239/d674921dex9926h32.htm)[<u>18, 2019 as document d674921dex9926h32.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119312519110239/d674921dex9926h32.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i)

Form of Administrative Contracts –

Unless indicated as attached hereto, the following administrative contracts were previously filed and are hereby incorporated by reference.

1)

[<u>Administrative Services Agreement with Alliance Fund Distributors, Inc. dated June 3, 2003 with the</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/alliancebernsteinasa.htm)[<u>registration statement under 333-137202, pre-effective amendment number 3 filed on September 27, 2007</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/alliancebernsteinasa.htm)[<u>as document alliancebersteinasa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/alliancebernsteinasa.htm)

2)

[<u>Amended and Restated Fund Participation and Shareholder Services Agreement with American Century</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/amcentasa99i2.htm)[<u>Investment Services, Inc., as amended, dated September 15, 2004 with the registration statement under</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/amcentasa99i2.htm)[<u>333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document amcentasa99i2.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/amcentasa99i2.htm)

3)

[<u>Business Agreement with American Funds Distributors, Inc. and Capital Research and Management</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/americanfundsasa.htm)[<u>Company. dated July 20, 2005 with the registration statement under 333-137202, pre-effective amendment</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/americanfundsasa.htm)[<u>number 3 filed on September 27, 2007 as document americanfundsasa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/americanfundsasa.htm)

4)

[<u>Administrative Services Agreement with BlackRock (formerly FAM Distributors, Inc., and Merrill Lynch</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/blackrockasa.htm)[<u>Variable Series Funds, Inc.), as amended, dated April 13, 2004 with the registration statement under 333-</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/blackrockasa.htm)[<u>137202, pre-effective amendment number 3 filed on September 27, 2007 as document blackrockasa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/blackrockasa.htm)

------

5)

&nbsp;&nbsp;&nbsp;&nbsp;[<u>(Calvert) Administrative Service Agreement between Nationwide Financial Services, Inc. and Eaton Vance</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99i6.htm)[<u>Management, as amended, dated January 1, 2017 with the registration statement under 333-177439, post-</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99i6.htm)[<u>effective amendment number 42 filed on April 25, 2024 as document d777109dex99i6.htm.</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99i6.htm) Portions of this exhibit have been redacted.

6)

[<u>Administrative Service Agreement with Columbia Funds Variable Series Trust II, dated December 7, 2015</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312521138641/d103290dex99i4.htm)[<u>with the registration statement under 333-177439, post-effective amendment number 34 filed on April 29,</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312521138641/d103290dex99i4.htm)[<u>2021 as document d103290dex99i4.htm.</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312521138641/d103290dex99i4.htm) Portions of this exhibit have been redacted.

7)

[<u>Restated Administrative Services Agreement with The Dreyfus Corporation, as amended, and 12b-1 letter</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/dreyfusasa99i3.htm)[<u>agreement dated, as amended, dated June 1, 2003 with the registration statement under 333-140608, pre-</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/dreyfusasa99i3.htm)[<u>effective amendment number 1 filed on July 17, 2007 as document dreyfusasa99i3.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/dreyfusasa99i3.htm)

8)

[<u>Administrative Services Agreement with Delaware Distributors, L.P., as amended, dated February 5, 2008</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/delawareasa.htm)[<u>with the registration statement under 333-43671, post-effective amendment number 43 filed on April 12,</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/delawareasa.htm)[<u>2011 as document delawareasa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/delawareasa.htm)

9)

[<u>Fund Participation Agreement with Eaton Vance Variable Trust dated March 24, 2011 with the registration</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/eastonvanceasa.htm)[<u>statement under 333-43671, post-effective amendment number 43 filed on April 12, 2011 as document</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/eastonvanceasa.htm)[<u>eatonvanceasa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/eastonvanceasa.htm)

10)

[<u>Dealer Agreement with Federated Securities Corp., as amended dated October 26, 2006 with the</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/fedasa99i4a.htm)[<u>registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/fedasa99i4a.htm)[<u>document fedasa99i4a.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/fedasa99i4a.htm)

11)

[<u>Fund Participation Agreement with Federated Insurance Series and Federated Securities Corp., as</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/fedasa99i4b.htm)[<u>amended dated April 1, 2006 with the registration statement under 333-140608, pre-effective amendment</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/fedasa99i4b.htm)[<u>number 1 filed on July 17, 2007 as document fedasa99i4b.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/fedasa99i4b.htm)

12)

[<u>Service Agreement between Fidelity Investments Institutional Operations Company LLC and Nationwide</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99i13.htm)[<u>Investment Services Corporation dated October 11, 2023 with the registration statement under 333-177439,</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99i13.htm)[<u>post-effective amendment number 42 as document d777109dex99i13.htm.</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99i13.htm) Portions of this exhibit have been redacted.

13)

[<u>Service Contract between Fidelity Distributors Company LLC and Nationwide Investment Services</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99i14.htm)[<u>Corporation dated October 18, 2023 with the registration statement under 333-177439, post-effective</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99i14.htm)[<u>amendment number 42 as document d777109dex99i14.htm.</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312524111482/d777109dex99i14.htm) Portions of this exhibit have been redacted.

14)

[<u>Administrative Services Agreement with Franklin Templeton Services, LLC, as amended dated May 1, 2003</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/frankasa99i6.htm)[<u>with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/frankasa99i6.htm)[<u>as document frankasa99i6.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/frankasa99i6.htm)

15)

[<u>Agreement with Goldman, Sachs & Co. dated January 6, 1999 with the registration statement under 333-</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/goldmansachsasa.htm)[<u>43671, post-effective amendment number 43 filed on April 12, 2011 as document goldmansachsasa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/goldmansachsasa.htm)

16)

[<u>Fund Participation Agreement with Rydex Variable Trust & Rydex Distributors, Inc. dated September 10,</u>](https://www.sec.gov/Archives/edgar/data/843075/000119090308000146/rydexfundpartagreement.htm)[<u>2001 with the registration statement under 333-62692, post-effective amendment number 20 filed on April</u>](https://www.sec.gov/Archives/edgar/data/843075/000119090308000146/rydexfundpartagreement.htm)[<u>18, 2008 as document rydexfundpartagreement.htm</u>](https://www.sec.gov/Archives/edgar/data/843075/000119090308000146/rydexfundpartagreement.htm)

17)

[<u>Administrative Services Agreement with AIM Advisors, Inc. dated July 1, 2005 with the registration</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/aimasa99i1a.htm)[<u>statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/aimasa99i1a.htm)[<u>aimasa99i1a.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/aimasa99i1a.htm)

18)

[<u>Financial Support Agreement with AIM Distributors, Inc. dated July 1, 2005 with the registration statement</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/aimasa99i1b.htm)[<u>under 333-140608, pre-effective amendment number 1 filed on July 17, 2007 as document aimasa99i1b.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/aimasa99i1b.htm)

19)

[<u>Administrative Services Agreement with Waddell & Reed, Inc., as amended dated December 1, 2000 with</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/waddellreedasa.htm)[<u>the registration statement under 333-137202, pre-effective amendment number 3 filed on September 27,</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/waddellreedasa.htm)[<u>2007 as document waddellreedasa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/waddellreedasa.htm)

20)

[<u>Distribution and Shareholder Services Agreement with Janus Distributors, Inc. dated December 31, 1999</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/janusasa99i7.htm)[<u>with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17, 2007</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/janusasa99i7.htm)[<u>as document janusasa99i7.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/janusasa99i7.htm)

------

21)

[<u>Administrative Services Agreement with Lazard Retirement Series, Inc. dated April 13, 2009 with the</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/lazardasa.htm)[<u>registration statement under 333-43671, post-effective amendment number 43 filed on April 12, 2011 as</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/lazardasa.htm)[<u>document lazardasa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090311000292/lazardasa.htm)

22)

[<u>Administrative Services Agreement with Legg Mason Investor Services, LLC dated July 11, 2008, as</u>](https://www.sec.gov/Archives/edgar/data/1755596/000119312521344515/d145743dex99i36.htm)[<u>amended, filed December 1, 2021 with post-effective amendment number 9 to the registration statement</u>](https://www.sec.gov/Archives/edgar/data/1755596/000119312521344515/d145743dex99i36.htm)[<u>(333-227783) as document d145743dex99i36.htm.</u>](https://www.sec.gov/Archives/edgar/data/1755596/000119312521344515/d145743dex99i36.htm) Portions of this exhibit have been redacted.

23)

[<u>Administrative Services Agreement with Lord Abbett Series Fund, Inc., as amended dated December 31,</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/lordabbettasa.htm)[<u>2002 with the registration statement under 333-137202, pre-effective amendment number 3 filed on</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/lordabbettasa.htm)[<u>September 27, 2007 as document lordabbettasa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/lordabbettasa.htm)

24)

[<u>Fund Participation Agreement with J.P. Morgan Series Trust II dated February 18, 2003 with the registration</u>](https://www.sec.gov/Archives/edgar/data/1065753/000119090308000257/jpmorgan.htm)[<u>statement under 333-59517, post-effective amendment number 42 filed on April 30, 2008 as document</u>](https://www.sec.gov/Archives/edgar/data/1065753/000119090308000257/jpmorgan.htm)[<u>jpmorgan.htm</u>](https://www.sec.gov/Archives/edgar/data/1065753/000119090308000257/jpmorgan.htm)

25)

[<u>Letter Agreement between MFS Fund Distributors, Inc. ("MFD") and Nationwide Financial Services, Inc.</u>](https://www.sec.gov/Archives/edgar/data/1755596/000119312519240641/d737458dex9924b39.htm)[<u>dated January 30, 2013 with the registration statement under 333-227783, post-effective amendment</u>](https://www.sec.gov/Archives/edgar/data/1755596/000119312519240641/d737458dex9924b39.htm)[<u>number 3 filed on September 9, 2019 as document d737458dex9924b39.htm</u>](https://www.sec.gov/Archives/edgar/data/1755596/000119312519240641/d737458dex9924b39.htm)

26)

[<u>Administrative Services Agreement with Morgan Stanley Distribution, Inc. (The Universal Institutional Funds,</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/univasa99i14.htm)[<u>Inc.), as amended dated May 5, 2005 with the registration statement under 333-140608, pre-effective</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/univasa99i14.htm)[<u>amendment number 1 filed on July 17, 2007 as document univasa99i14.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/univasa99i14.htm)

27)

[<u>Fund Administrative Services Agreement with Gemini Fund Services, LLC, Mutual Fund and Variable</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312521360970/d259685dex99i40.htm)[<u>Insurance Trust, and Rational Advisors, Inc. as amended dated January 25, 2019 with the registration</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312521360970/d259685dex99i40.htm)[<u>statement under 333-258296, pre-effective amendment number 2 filed on December 17, 2021 as document</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312521360970/d259685dex99i40.htm)[<u>d259685dex99i40.htm.</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312521360970/d259685dex99i40.htm) Portions of this exhibit have been redacted.

28)

[<u>Fund Participation Agreement with Nationwide Variable Insurance Trust (formerly, Gartmore Variable</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/nwasa99i10.htm)[<u>Insurance Trust), as amended dated May 2, 2005 with the registration statement under 333-140608, pre-</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/nwasa99i10.htm)[<u>effective amendment number 1 filed on July 17, 2007 as document nwasa99i10.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/nwasa99i10.htm)

29)

[<u>Fund Participation Agreement with Nationwide Variable Insurance Trust (formerly, Gartmore Variable</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/nwfpa99h12b.htm)[<u>Insurance Trust), American Funds Insurance Series, and Capital Research and Management Company</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/nwfpa99h12b.htm)[<u>dated May 1, 2007 with the registration statement under 333-140608, pre-effective amendment number 1</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/nwfpa99h12b.htm)[<u>filed on July 17, 2007 as document nwfpa99h12b.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/nwfpa99h12b.htm)

30)

[<u>Fund Participation Agreement with Neuberger Berman Management Inc., as amended dated January 1,</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/neuberfpa99h13.htm)[<u>2006 with the registration statement under 333-140608, pre-effective amendment number 1 filed on July 17,</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/neuberfpa99h13.htm)[<u>2007 as document neuberfpa99h13.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/neuberfpa99h13.htm)

31)

[<u>Administrative Services Agreement with New Age Alpha Advisors, LLC. dated October 28, 2024 with the</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312524232043/d893195dex99h25.htm)[<u>registration statement under 333-28995, post-effective amendment number 62 filed on October 3, 2024 as</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312524232043/d893195dex99h25.htm)[<u>document d893195dex99i31.htm.</u>](https://www.sec.gov/Archives/edgar/data/1040376/000119312524232043/d893195dex99h25.htm) Portions of this exhibit have been redacted.

32)

[<u>Service Agreement with Northern Lights Variable Trust. dated February 8, 2012 with the registration</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119312513162459/d470080dex99i24.htm)[<u>statement under 333-155153, post-effective amendment number 6 filed on April 19, 2013 as document</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119312513162459/d470080dex99i24.htm)[<u>d470080dex99i24.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119312513162459/d470080dex99i24.htm)

33)

[<u>Administrative Services Agreement with Pacific Investment Management Company LLC, as amended dated</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pimcoasaa.htm)[<u>March 28, 2002 with the registration statement under 333-137202, pre-effective amendment number 3 filed</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pimcoasaa.htm)[<u>on September 27, 2007 as document pimcoasaa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pimcoasaa.htm)

34)

[<u>Administrative Services Agreement with PIMCO Variable Insurance Trust, as amended dated March 28,</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pimcoasab.htm)[<u>2002 with the registration statement under 333-137202, pre-effective amendment number 3 filed on</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pimcoasab.htm)[<u>September 27, 2007 as document pimcoasab.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pimcoasab.htm)

35)

[<u>Fund Participation Agreement with Pioneer Variable Contracts Trust, Pioneer Investment Management, Inc.</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pioneerfpa.htm)[<u>and Pioneer Funds Distributor, Inc., as amended, dated September 27, 2002 with the registration statement</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pioneerfpa.htm)[<u>under 333-137202, pre-effective amendment number 3 filed on September 27, 2007 as document</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pioneerfpa.htm)[<u>pioneerfpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/pioneerfpa.htm)

------

36)

[<u>Administrative Services Agreement with Putnam Retail Management Limited Partnership, as amended</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/putnamasa.htm)[<u>dated August 1, 2006 with the registration statement under 333-137202, pre-effective amendment number 3</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/putnamasa.htm)[<u>filed on September 27, 2007 as document putnamasa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/putnamasa.htm)

37)

[<u>Fund Participation Agreement with Royce & Associates, as amended dated February 14, 2002 with the</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/roycefpa.htm)[<u>registration statement under 333-137202, pre-effective amendment number 3 filed on September 27, 2007</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/roycefpa.htm)[<u>as document roycefpa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/roycefpa.htm)

38)

[<u>Administrative Services Letter Agreement with T. Rowe Price Associates, Inc. and T. Rowe Price</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/troweasa99i13.htm)[<u>International, Inc., as amended dated October 1, 2002 with the registration statement under 333-140608,</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/troweasa99i13.htm)[<u>pre-effective amendment number 1 filed on July 17, 2007 as document troweasa99i13.htm</u>](https://www.sec.gov/Archives/edgar/data/1313581/000119090307000837/troweasa99i13.htm)

39)

[<u>Administrative Services Agreement with Van Eck Securities Corporation, as amended dated November 3,</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/vaneckasa.htm)[<u>1997 with the registration statement under 333-137202, pre-effective amendment number 3 filed on</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/vaneckasa.htm)[<u>September 27, 2007 as document vaneckasa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/vaneckasa.htm)

40)

[<u>Administrative Services Agreement with Wells Fargo Funds Management, LLC and Stephens, Inc., as</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/wellsfargoasa.htm)[<u>amended dated November 15, 2004 with the registration statement under 333-137202, pre-effective</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/wellsfargoasa.htm)[<u>amendment number 3 filed on September 27, 2007 as document wellsfargoasa.htm</u>](https://www.sec.gov/Archives/edgar/data/1041357/000119090307000950/wellsfargoasa.htm)

41)

[<u>Administrative Service Agreement with VP Distributors, LLC (Virtus) dated October 1, 2018, as amended,</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312522119102/d313733dex9941.htm)[<u>filed on April 26, 2022 with the registration statement under 333-103095, post effective amendment number</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312522119102/d313733dex9941.htm)[<u>46 as document d313733dex9941.htm.</u>](https://www.sec.gov/Archives/edgar/data/356514/000119312522119102/d313733dex9941.htm) Portions of this exhibit have been redacted.

42)

[<u>Administrative Services Agreement with Security Benefit Life Insurance Company dated July 1, 2000, as</u>](https://www.sec.gov/Archives/edgar/data/356723/000119312522119639/d291542dex999.htm)[<u>amended, filed with the registration statement under 002-75174, post-effective amendment number 56 filed</u>](https://www.sec.gov/Archives/edgar/data/356723/000119312522119639/d291542dex999.htm)[<u>on April 25, 2022 as document d291542dex999.htm. Portions of this exhibit have been redacted.</u>](https://www.sec.gov/Archives/edgar/data/356723/000119312522119639/d291542dex999.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j)

Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k)

[<u>Opinion of Counsel - Filed previously on November 6, 1997 with initial Registration Statement (File No. 333-</u>](https://www.sec.gov/Archives/edgar/data/1040376/0000950152-97-004443.txt)[<u>28995) and is hereby incorporated by reference.</u>](https://www.sec.gov/Archives/edgar/data/1040376/0000950152-97-004443.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l)

[Consent of Independent Registered Public Accounting Firm – Attached hereto.](d339893dex99l.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m)

Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;n)

Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o)

Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;p)

[Power of Attorney – Attached hereto.](d339893dex99p.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;q)

Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;r)

Not Applicable.

**Item 28. Directors and Officers of the Insurance Company**

The business address of the Directors and Officers of the Insurance Company is: <br>One Nationwide Plaza, Columbus, Ohio 43215

---

| | |
|:---|:---|
| President and Chief Operating Officer and Director | Hawley, Craig A. |
| Executive Vice President-Chief Marketing Officer | Bair, Ann S. |
| Executive Vice President-Chief Technology Officer | Carrel, Michael W. |
| Executive Vice President-Chief Human Resources Officer | Clements, Vinita J. |
| Executive Vice President and Director | Frommeyer, Timothy G. |
| Executive Vice President-Chief Legal Officer | Howard, Mark S. |
| Executive Vice President-Chief Customer, Strategy & Innovation Officer | Mahaffey, Michael W. |
| Senior Vice President-Strategic Planning | Amodeo, Daniel W. |
| Senior Vice President-Investment Management Group | Aniano, Joseph N. |
| Senior Vice President-Corporate Controller and Chief Accounting Officer | Benson, James D. |
| Senior Vice President-Chief Economist | Bostjancic, Kathleen |
| Senior Vice President-P&C Legal | Boyer, John N. |
| Senior Vice President-Human Resources Business Partner | Bretz, Angela D. |

---

------

---

| | |
|:---|:---|
| Senior Vice President-Internal Audit | Burchwell, Jason E. |
| Senior Vice President-Nationwide Pet | Carnes, Joel R.M. |
| 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-Institutional Life | Dowdy, Jessica |
| Senior Vice President-External Affairs | English, Steven M. |
| Senior Vice President-Trial Division | Failor, Scott E. |
| Senior Vice President-Corporate Operations & Litigation Legal | Furniss, Natalie T. |
| Senior Vice President-Chief Financial Officer - Financial Services and Director | Ginnan, Steven A. |
| Senior Vice President-PL Product and Underwriting | Griffin, Sarah E. |
| Senior Vice President-Chief Financial Officer - Property & Casualty | Guerrero, Oscar |
| Senior Vice President-Human Resources Business Partner | Hairston, Mia S. |
| Senior Vice President-Underwriting Performance - E&S/Specialty and <br> Commercial<br>| Hespe, Julie |
| Senior Vice President-Legal - NF | Innis-Thompson, Janice |
| Senior Vice President-Management Liability & Specialty - E&S/Specialty | Iorio, Thomas A. |
| Senior Vice President-Marketing - Enterprise Brand Strategy & Activation | Jackson, Richard W. |
| Senior Vice President-Retirement Solutions | Jestice, Kevin T.  |
| Senior Vice President-E&S/Specialty and Commercial Lines | Johnston, Russell M. |
| Senior Vice President-Chief Innovation and Digital Officer | Kandhari, Chetan D.  |
| Senior Vice President-Property & Casualty Commercial Lines | Kempton, Casey E. |
| Senior Vice President-Chief Technology Officer - Technology Strategy, Data & <br> Innovation<br>| Kolp, Melanie A. |
| Senior Vice President-Nationwide Annuity and Director | Kotecha, Kush V. |
| Senior Vice President-Chief Technology Officer - Nationwide Financial | Kuamoo, Misty C. |
| Senior Vice President-Business Performance - Property & Casualty | Kyung, Jennifer |
| Senior Vice President-Nationwide Agribusiness | Liggett, Brad R. |
| Senior Vice President-Programs & Alternative Risk - E&S/Specialty | Lopes, John S. |
| Senior Vice President-Culture & Talent Acquisition | Lucas, Giavonni |
| Senior Vice President-Chief Information Security Officer | Lukens, Todd |
| Senior Vice President-Marketing Management - P&C | MacKenzie, Jennifer B. |
| Senior Vice President-Group Benefits | Murray, Lindsey E. |
| Senior Vice President-Contract & Brokerage Underwriting - E&S/Specialty | Nelson, David N. |
| Senior Vice President-Corporate Development and Finance | O'Brien, Kevin G.  |
| Senior Vice President-NF Strategic Customer Solutions | Perez, J.J. |
| Senior Vice President-Talent & Organization Effectiveness | Pheister, Erin R. |
| Senior Vice President-Agribusiness Distribution and Underwriting | Pollitt, Dirk |
| Senior Vice President-Retirement Solutions Distribution | Ricklin, Suzanne |
| Senior Vice President-Marketing Management - Financial Services | Rodriguez, Kristi L. |
| Senior Vice President-Personal Lines Operations | Rommel, Jeff M. |
| Senior Vice President-Chief Customer Officer | Samuel, Michelle |
| Senior Vice President-Finance, Strategy & Governance Legal & Corporate <br> Secretary<br>| Skingle, Denise L. |
| Senior Vice President-Nationwide Life and Director | Snyder, Holly R. |
| Senior Vice President-Total Rewards | Sonneman, Christopher P. |
| Senior Vice President-Sales - Life | Spencer, Frank W. |
| Senior Vice President-Commercial Lines - Middle Market | Talkowski, Kristina M. |
| Senior Vice President-Personal Lines Sales & Distribution | Tripp, Michael N. |
| Senior Vice President-Chief Technology Officer - Property & Casualty | Vasudeva, Guruprasad C.  |
| Senior Vice President-E-Risk Services - E&S/Specialty | Walsh, James |
| Senior Vice President-Programs - E&S/Specialty | Wayne, Amber M. |
| Senior Vice President-Human Resources Business Partner | Webster, Cynthia S. |
| Senior Vice President-Commercial Lines - Small Market | Williams, George M. |
| Director | Walker, Kirt A. |

---

------

**Item 29. Persons Controlled by or Under Common Control with the Insurance Company or Registered Separate Account.**

Following is a list of entities directly or indirectly controlled by or under common control with the Insurance Company or Registered Separate Account. Ownership is indicated through indentation. Unless otherwise indicated, each subsidiary is either wholly-owned or majority-owned by the parent company immediately preceding it. (For example, Nationwide Fund Distributors, LLC is either wholly-owned or majority owned by NFS Distributors, Inc.) Separate accounts that have been established pursuant to board resolution but are not, and have never been, active are omitted.

---

| | | |
|:---|:---|:---|
| **Company** | &nbsp;&nbsp; **Jurisdiction**<br> **of Domicile**<br>| **Brief Description of Business** |
| Nationwide Financial Services, Inc. | Delaware | &nbsp;&nbsp; The company acts primarily as a holding company for <br> companies within the Nationwide organization that offer <br> or distribute life insurance, long-term savings and <br> retirement products.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NFS Distributors, Inc. | Delaware | &nbsp;&nbsp; The company acts primarily as a holding company for <br> Nationwide Financial Services, Inc. companies.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Financial General Agency, Inc. | Pennsylvania | The company is a multi-state licensed insurance agency. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Fund Distributors, LLC | Delaware | The company is a limited purpose broker-dealer. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Fund Management, LLC | Delaware | &nbsp;&nbsp; The company provides administration, transfer and <br> dividend disbursing agent services to various mutual <br> fund entities. <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Retirement Solutions, Inc. | Delaware | &nbsp;&nbsp; The company markets and administers deferred <br> compensation plans for public employees.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Securities, LLC | Delaware | &nbsp;&nbsp; The company is a general purpose broker-dealer and <br> investment adviser registered with the Securities and <br> Exchange Commission.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Trust Company, FSB | Federal | &nbsp;&nbsp; This is a federal savings bank chartered by the Office of <br> Thrift Supervision in the United States Department of <br> Treasury to exercise deposit, lending, agency, custody <br> and fiduciary powers and to engage in activities <br> permissible for federal savings banks under the Home <br> Owners' Loan Act of 1933.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Financial Services Capital Trust | Delaware | &nbsp;&nbsp; The trust's sole purpose is to issue and sell certain <br> securities representing individual beneficial interests in <br> the assets of the trust<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525 Cleveland Avenue, LLC | Ohio | &nbsp;&nbsp; This is a limited liability company organized under the <br> laws of the State of Ohio. The company was formed to <br> provide remedial real property cleanup prior to sale.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Life Insurance Company <sup>2</sup> <br>| Ohio | &nbsp;&nbsp; The corporation provides individual life insurance, group <br> and health insurance, fixed and variable annuity products <br> and other life insurance products.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferson National Life Insurance Company<sup>2,3</sup> <br>| Texas | The company provides life, health and annuity products. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferson National Life Annuity Account C<sup>2,3</sup> <br>|  | A separate account issuing variable annuity products. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferson National Life Annuity Account E<sup>2,3</sup> <br>|  | A separate account issuing variable annuity products. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferson National Life Annuity Account F<sup>2,3</sup> <br>|  | A separate account issuing variable annuity products. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferson National Life Annuity Account G<sup>2,3</sup> <br>|  | A separate account issuing variable annuity products. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Jefferson National VA Separate <br> Account 1<sup>2,3</sup> <br>| New York | A separate account issuing variable annuity products. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MFS Variable Account<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Multi-Flex Variable Account<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Variable Account<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Variable Account-II<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Variable Account-3<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Variable Account-4<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Variable Account-5<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Variable Account-6<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Variable Account-7<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Variable Account-8<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Variable Account-9<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Variable Account-10<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | &nbsp;&nbsp; **Jurisdiction**<br> **of Domicile**<br>| **Brief Description of Business** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Variable Account-11<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Variable Account-12<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Variable Account-13<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Variable Account-14<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Variable Account-15<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Provident VA Separate Account 1<sup>2,3</sup> <br>| Pennsylvania | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide VLI Separate Account<sup>2,3</sup> <br>| Ohio | &nbsp;&nbsp; A separate account issuing variable life insurance <br> policies.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide VLI Separate Account-2<sup>2,3</sup> <br>| Ohio | &nbsp;&nbsp; A separate account issuing variable life insurance <br> policies.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide VLI Separate Account-3<sup>2,3</sup> <br>| Ohio | &nbsp;&nbsp; A separate account issuing variable life insurance <br> policies.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide VLI Separate Account-4<sup>2,3</sup> <br>| Ohio | &nbsp;&nbsp; A separate account issuing variable life insurance <br> policies.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide VLI Separate Account-5<sup>2,3</sup> <br>| Ohio | &nbsp;&nbsp; A separate account issuing variable life insurance <br> policies.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide VLI Separate Account-6<sup>2,3</sup> <br>| Ohio | &nbsp;&nbsp; A separate account issuing variable life insurance <br> policies.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide VLI Separate Account-7<sup>2,3</sup> <br>| Ohio | &nbsp;&nbsp; A separate account issuing variable life insurance <br> policies.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Provident VLI Separate Account 1<sup>2,3</sup> <br>| Pennsylvania | &nbsp;&nbsp; A separate account issuing variable life insurance <br> policies.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Investment Services Corporation<sup>3</sup> <br>| Oklahoma | &nbsp;&nbsp; This is a limited purpose broker-dealer and distributor of <br> variable annuities and variable life products for <br> Nationwide Life Insurance Company and Nationwide Life <br> and Annuity Insurance Company. The company also <br> provides educational services to retirement plan <br> sponsors and its participants. <br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Financial Assignment Company<sup>3</sup> <br>| Ohio | &nbsp;&nbsp; The company is an administrator of structured <br> settlements.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Investment Advisors, LLC<sup>3</sup> <br>| Ohio | The company provides investment advisory services. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eagle Captive Reinsurance, LLC<sup>3</sup> <br>| Ohio | The company is engaged in the business of insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Life and Annuity Insurance <br> Company<sup>2,3</sup> <br>| Ohio | &nbsp;&nbsp; The company engages in underwriting life insurance and <br> granting, purchasing and disposing of annuities.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide VA Separate Account-A<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide VA Separate Account-B<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide VA Separate Account-C<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide VA Separate Account-D<sup>2,3</sup> <br>| Ohio | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Provident VA Separate Account <br> A<sup>2,3</sup> <br>| Delaware | A separate account issuing variable annuity contracts. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide VL Separate Account-C<sup>2,3</sup> <br>| Ohio | &nbsp;&nbsp; A separate account issuing variable life insurance <br> policies.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide VL Separate Account-D<sup>2,3</sup> <br>| Ohio | &nbsp;&nbsp; A separate account issuing variable life insurance <br> policies.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide VL Separate Account-G<sup>2,3</sup> <br>| Ohio | &nbsp;&nbsp; A separate account issuing variable life insurance <br> policies.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Provident VLI Separate <br> Account A<sup>2,3</sup> <br>| Delaware | &nbsp;&nbsp; A separate account issuing variable life insurance <br> policies.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Olentangy Reinsurance, LLC<sup>3</sup> <br>| Vermont | The company is a captive life reinsurance company. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide SBL, LLC | Ohio | &nbsp;&nbsp; The company is a lender offering securities-back lines of <br> credit.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Life and Benefits Insurance <br> Company (formerly, Direct General Life <br> Insurance Company)<br>| South Carolina | &nbsp;&nbsp; The company is a South Carolina stock life insurance <br> company that previously offered a life product only, but is <br> filing stop loss products in majority of states and a fully <br> insured small group health product in a limited number of <br> states.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NSM Sales Corporation | Nevada | &nbsp;&nbsp; The company is a sales and distribution organization for <br> group health product and ancillary third-party products.<br>|

---

------

---

| | | |
|:---|:---|:---|
| **Company** | &nbsp;&nbsp; **Jurisdiction**<br> **of Domicile**<br>| **Brief Description of Business** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Association Benefits Solution, LLC | Delaware | &nbsp;&nbsp; The company is a program manager for self-funded <br> group health program where it coordinates and manages <br> offerings to employers looking for an "off the shelf" <br> solution to self-fund employee health plans.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registered Investment Advisors Services, Inc. | Texas | &nbsp;&nbsp; The company is a technology company that facilitates <br> third-party money management services for registered <br> investment advisors.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationwide Fund Advisors<sup>4</sup> <br>| Delaware | The trust acts as a registered investment advisor. |

---

<sup>1</sup>

This subsidiary/entity is controlled by its immediate parent through contractual association.

<sup>2</sup>

This subsidiary/entity files separate financial statements.

<sup>3</sup>

Information for this subsidiary/entity is included in the consolidated financial statements of its immediate parent.

<sup>4</sup>

This subsidiary/entity is a business trust.

**Item 30. Indemnification**

Provision is made in Nationwide's Amended and Restated Code of Regulations and expressly authorized by the General Corporation Law of the State of Ohio, for indemnification by Nationwide of any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative by reason of the fact that such person is or was a director, officer or employee of Nationwide, against expenses, including attorneys fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding, to the extent and under the circumstances permitted by the General Corporation Law of the State of Ohio.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 ("Act") may be permitted to directors, officers or persons controlling Nationwide pursuant to the foregoing provisions, Nationwide has been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

**Item 31. Principal Underwriter**

**Nationwide Investment Services Corporation ("NISC")**

a)

NISC serves as principal underwriter and general distributor for the following separate investment accounts of Nationwide or its affiliates:

---

| | |
|:---|:---|
| 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 |
| Nationwide Jefferson National VA Separate Account 1 | Nationwide VA Separate Account-C |
| MFS Variable Account | Nationwide VA Separate Account-D |
| Nationwide 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 |

---

------

<u> Nationwide Variable Account-12 </u> <u> Nationwide Provident VLI Separate Account 1 </u> <br> Nationwide Variable Account-13 Nationwide Provident VLI Separate Account A

b)

Directors and Officers of NISC:

---

| | |
|:---|:---|
| President and Director | Perez, J.J. |
| Senior Vice President and Secretary | Skingle, Denise L. |
| Vice President and Assistant Secretary | Garman, David A.  |
| Vice President and Assistant Secretary | Wolf, Bonnie L. |
| Vice President-Chief Tax Officer | Scheiderer, Kevin P. |
| Vice President-CFO IPS - Individual Life | Wild, Keith D. |
| Chief Compliance Officer and AML Officer | Deleget, J. Brian |
| Associate Vice President and Assistant Treasurer | Hacker, Hope C.  |
| Associate Vice President and Assistant Treasurer | Radabaugh, Nathan |
| Associate Vice President and Treasurer | Roswell, Ewan T. |
| Associate Vice President and Assistant Treasurer | Walker, Tonya G. |
| Assistant Secretary | Bowman, Heidi K. |
| Assistant Secretary | Dokko, David H. |
| Director | Jestice, Kevin T. |
| Director | Kotecha, Kush V. |

---

The business address of the Directors and Officers of NISC is: <br>One Nationwide Plaza, Columbus, Ohio 43215.

c)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Principal Underwriter** | **Net Underwriting**<br> **Discounts**<br>| **Compensation on**<br> **Redemption**<br>| **Brokerage**<br> **Commissions**<br>| **Other**<br> **Compensation**<br>|
| Nationwide Investment Services Corporation | N/A | N/A | N/A | N/A |

---

**Security Distributors, LLC ("SDL")**

a)

Security Distributors, LLC ("SDL"), a subsidiary of Security Benefit Corporation, serves as principal underwriter and general distributor for contracts issued by the following separate investment accounts of Nationwide Life Insurance Company:

<u> Nationwide Multi-Flex Variable Account </u>   <br> Nationwide Variable Account-9

SDL also acts as principal underwriter and general distributor for contracts issued by the following separate investment accounts of Security Benefit Life Insurance Company:

---

| |
|:---|
| SBL Variable Annuity Account I |
| SBL Variable Annuity Account III |
| SBL Variable Annuity Account IV |
| Security Varilife Separate Account (Security Elite Benefit) |
| Security Varilife Separate Account (Security Varilife) |
| SBL Variable Life Insurance Account (Varilife) |
| Parkstone Advantage Variable Annuity |
| Variflex Separate Account (Variflex) |
| Variflex Separate Account (Variflex ES) |
| Variable Annuity Account VIII (Variflex Extra Credit) |
| Variable Annuity Account VIII (Variflex LS) |
| Variable Annuity Account VIII (Variflex Signature) |
| Variable Annuity Account XI (Scarborough Advantage Variable Annuity) |
| SBL Variable Annuity Account XIV (AdvisorDesigns Variable Annuity) |
| SBL Variable Annuity Account XIV (AEA Variable Annuity) |
| SBL Variable Annuity Account XIV (AdvanceDesigns Variable Annuity) |
| SBL Variable Annuity Account XIV (EliteDesigns Variable Annuity) |
| SBL Variable Annuity Account XIV (EliteDesigns II Variable Annuity) |
| SBL Variable Annuity Account XIV (NEA Valuebuilder) |

---

------

---

| |
|:---|
| SBL Variable Annuity Account XIV (NEA Valuebuilder Retirement Income Director <br> Variable Annuity)<br>|
| SBL Variable Annuity Account XIV (SecureDesigns Variable Annuity) |
| SBL Variable Annuity Account XIV (Security Benefit Advisor Variable Annuity) |
| SBL Variable Annuity Account XVII (Classic Strategies Variable Annuity) |
| SBL Variable Annuity Account XVII (ThirdFed Variable Annuity) |
| T. Rowe Price Variable Annuity Account |

---

SDL also acts as principal underwriter and general distributor for contracts issued by the following separate investment accounts of First Security Benefit Life Insurance and Annuity Company of New York:

---

| |
|:---|
| Variable Annuity Account A (AdvisorDesigns Variable Annuity) |
| Variable Annuity Account A (EliteDesigns Variable Annuity) |
| Variable Annuity Account A (EliteDesigns II Variable Annuity) |
| Variable Annuity Account B (SecureDesigns Variable Annuity) |
| Variable Annuity Account B (AdvanceDesigns Variable Annuity) |
| T. Rowe Price Variable Annuity Account of First Security Benefit Life Insurance <br> and Annuity Company of New York<br>|

---

b)

Directors and Officers of SDL:

---

| | |
|:---|:---|
| **Name and Principal Business Address\*** | **Position and Offices with Underwriter** |
| David G. Byrnes | President and Head of Distribution |
| Colin W. Bishop | &nbsp;&nbsp; Chief Financial Officer, Treasurer and Finance and <br> Operations Principal<br>|
| Kurt E. Auleta | Senior Vice President, Sales Manager West |
| Justin A. Jacquinot | Senior Vice President, Direct Relationships |
| James J. Kiley | &nbsp;&nbsp; Senior Vice President, Education Market and <br> Affiliates<br>|
| Michael T. Maghini | Senior Vice President, National Accounts |
| Michael K. Reidy | Senior Vice President |
| Matthew V. Rocha | Senior Vice President, Sales Manager East |
| Richard J. Wells | Senior Vice President |
| Gregory C. Garhart | &nbsp;&nbsp; Vice President, Chief Compliance Officer and AML <br> Compliance Officer<br>|
| Allison J. Pollock | Vice President and Secretary |
| Donald A. Wiley | Vice President |
| Mark J. Carr | Assistant Vice President |
| Aaron M. Tallen | &nbsp;&nbsp; Second Vice President, Head of Distribution <br> Operations and 401k Defined Contributions<br>|
| Lisa M. Young | Assistant Treasurer |

---

\* For all persons listed, the principal business address is One Security Benefit Place, Topeka, Kansas 66636-0001.

c)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Principal Underwriter** | **Net Underwriting**<br> **Discounts**<br>| **Compensation on**<br> **Redemption**<br>| **Brokerage**<br> **Commissions**<br>| **Other**<br> **Compensation**<br>|
| Security Distributors, LLC | &nbsp;&nbsp; $1014 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $0 |

---

**Item 31A. Information about Contracts with Index-Linked Options and Fixed Options Subject to a Contract Adjustment**

Not Applicable

**Item 32. Location of Accounts and Records**

Steven A. Ginnan <br>Nationwide Life Insurance Company <br>One Nationwide Plaza <br>Columbus, OH 43215

------

**Item 33. Management Services**

Not Applicable

**Item 34. Fee Representation and Undertakings**

Nationwide Life Insurance Company represents that the fees and charges deducted under the contract in the aggregate are reasonable in relation to the services rendered, the expenses expected to be incurred and risks assumed by Nationwide Life Insurance Company.

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**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets the requirements of Rule 485(b) under the Securities Act of 1933 for effectiveness of the Registration Statement and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Columbus, and State of Ohio, on April 27, 2026.

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| |
|:---|
| **Nationwide Variable Account-9** |
| (Registered Separate Account) |
| By: /s/ Craig A. Hawley\* |
| Craig A. Hawley<br> President and Chief Operating Officer<br>|
| **Nationwide Life Insurance Company** |
| (Insurance Company) |
| By: /s/ Craig A. Hawley\* |
| Craig A. Hawley<br> President and Chief Operating Officer<br>|

---

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated, on April 27, 2026.

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| | |
|:---|:---|
| /s/ CRAIG A. HAWLEY\* |  |
| Craig A. Hawley, President and Chief Operating Officer <br> and Director (Principal Executive Officer)<br>|  |
| /s/ KUSH V. KOTECHA\* |  |
| Kush V. Kotecha, Senior Vice President-Nationwide <br> Annuity and Director<br>|  |
| /s/ HOLLY R. SNYDER\* |  |
| Holly R. Snyder, Senior Vice President-Nationwide Life <br> and Director<br>|  |
| /s/ TIMOTHY G. FROMMEYER\* |  |
| Timothy G. Frommeyer, Executive Vice President and <br> Director<br>|  |
| /s/ STEVEN A. GINNAN\* |  |
| Steven A. Ginnan, Senior Vice President-Chief Financial <br> Officer – Financial Services and Director<br> (Chief Financial Officer)<br>|  |
| /s/ KIRT A. WALKER\* |  |
| Kirt A. Walker, Director |  |
| /s/ JAMES D. BENSON\* |  |
| James D. Benson, Senior Vice President-Corporate <br> Controller and Chief Accounting Officer<br> (Principal Accounting Officer)<br>|  |
|  | \*By: /s/ Jamie M. Ruff |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamie M. Ruff<br> Attorney-in-Fact<br> Pursuant to Power of Attorney<br>|

---

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## Ex-99.(L)

**Consent of Independent Registered Public Accounting Firm**

We consent to the use of our report dated April 1, 2026, with respect to the financial statements of the subaccounts that comprise Nationwide Variable Account-9, and the related notes (collectively, the financial statements), incorporated herein by reference, and to the reference to our firm under the heading "Independent Registered Public Accounting Firm" in the Statement of Additional Information (File No. 333-28995).

/s/ KPMG LLP

Columbus, Ohio <br>April 23, 2026

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**Consent of Independent Registered Public Accounting Firm**

We consent to the use of our report dated March 23, 2026, with respect to the statutory financial statements and financial statement schedules of Nationwide Life Insurance Company, incorporated herein by reference, and to the reference to our firm under the heading "Independent Registered Public Accounting Firm" in the Statement of Additional Information (File No. 333-28995).

/s/ KPMG LLP

Columbus, Ohio <br>April 23, 2026

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## Ex-99.(P)

**POWER OF ATTORNEY**

Each of the undersigned as directors and/or officers of NATIONWIDE LIFE INSURANCE COMPANY and NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY, both Ohio corporations, which have filed or will file with the U.S. Securities and Exchange Commission under the provisions of the Securities Act of 1933, as amended; the Investment Company Act of 1940, as amended; and, if applicable, the Securities Exchange Act of 1934, various registration statements and amendments thereto for the registration of current, as well as any future, separate accounts established by said corporations for the purpose of registering under said Act(s) immediate or deferred variable annuity contracts, fixed interest rate options subject to a market value adjustment, group flexible fund retirement annuity contracts and variable life insurance policies in connection with the separate accounts and contracts listed below:

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| | |
|:---|:---|
| **Variable Annuities and Variable Life Insurance Policies** | **Variable Annuities and Variable Life Insurance Policies** |
| **Separate Account (1940 Act File No.)** | **1933 Act File No(s). / Contract Name(s)** |
| MFS Variable Account (811-02662) | 002-73432 |
| Nationwide Jefferson National VA Separate Account 1 <br> (811-22994)<br>| 333-288440 |
| Nationwide Multi-Flex Variable Account (811-03338) | 033-23905, 002-75174 |
| Nationwide Variable Account (811-02716) | 002-58043, 333-80481, 333-176908 |
| Nationwide Variable Account-II (811-03330) | &nbsp;&nbsp;&nbsp;&nbsp; 002-75059, 033-67636, 033-60063, 333-103093, 333-103094, <br> 333-103095, 333-104513, 333-104511, 333-104512, <br> 333-104510, 333-151990, 333-105992, 333-147273, <br> 333-147198, 333-160635, 333-164886, 333-168818, <br> 333-177934, 333-177581, 333-177582, 333-177316, <br> 333-177319, 333-177439, 3333-177441, 333-177729, <br> 333-177731, 333-173349, 333-177938, 333-182494, <br> 333-235382, 333-235383, 333-258296<br>|
| Nationwide Variable Account-3 (811-05405) | 033-18422 |
| Nationwide Variable Account-4 (811-05701) | &nbsp;&nbsp;&nbsp;&nbsp; 333-62692, 333-135650, 333-140812, 333-201820, 333-240010, <br> 333-240009<br>|
| Nationwide Variable Account-5 (811-08142) | 033-71440, 333-267078, 333-272927 |
| Nationwide Variable Account-6 (811-08684) | 033-82370, 333-21909 |
| Nationwide Variable Account-7 (811-08666) | 033-82190, 033-82174, 033-89560 |
| Nationwide Variable Account-8 (811-07357) | 033-62637, 033-62659 |
| Nationwide Variable Account-9 (811-08241) | &nbsp;&nbsp;&nbsp;&nbsp; 333-28995, 333-52579, 333-56073, 333-53023, 333-79327, <br> 333-69014, 333-75360<br>|
| Nationwide Variable Account-10 (811-09407) | 333-81701 |
| Nationwide Variable Account-11 (811-10591) | 333-74904, 333-74908 |
| Nationwide Variable Account-12 (811-21099) | 333-88612, 333-108894, 333-178057, 333-178059 |
| Nationwide Variable Account-13 (811-21139) | 333-91890 |
| Nationwide Variable Account-14 (811-21205) | 333-104339 |
| Nationwide Variable Account-15 (811-23386) | 333-227783, 333-227780 |
| Nationwide VA Separate Account-A (811-05606) | 033-22940 |
| Nationwide VA Separate Account-B (811-06399) | 033-86408 |
| Nationwide VA Separate Account-C (811-07908) | 033-66496 |
| Nationwide VA Separate Account-D (811-10139) | 333-45976 |
| Nationwide VLI Separate Account (811-04399) | 033-35698 |
| Nationwide VLI Separate Account-2 (811-05311) | 033-16999, 033-62795, 033-35783, 033-63179 |
| Nationwide VLI Separate Account-3 (811-06140) | 033-44296 |
| Nationwide VLI Separate Account-4 (811-08301) | &nbsp;&nbsp;&nbsp;&nbsp; 333-31725, 333-43671, 333-94037, 333-52615, 333-69160, <br> 333-83010, 333-137202, 333-169879, 333-229640 <br>|
| Nationwide VLI Separate Account-5 (811-10143) | 333-46338, 333-46412, 333-66572, 333-121881 |
| Nationwide VLI Separate Account-6 (811-21398) | 333-106908 |
| Nationwide VLI Separate Account-7 (811-21610) | &nbsp;&nbsp;&nbsp;&nbsp; 333-117998, 333-121879, 333-146649, 333-149295, <br> 333-156020, 333-258039, 333-258035, 333-294550<br>|

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| | |
|:---|:---|
| **Variable Annuities and Variable Life Insurance Policies** | **Variable Annuities and Variable Life Insurance Policies** |
| **Separate Account (1940 Act File No.)** | **1933 Act File No(s). / Contract Name(s)** |
| Nationwide VL Separate Account-C (811-08351) | 333-43639 |
| Nationwide VL Separate Account-D (811-08891) | 333-59517 |
| Nationwide VL Separate Account-G (811-21697) | &nbsp;&nbsp;&nbsp;&nbsp; 333-121878, 333-140608, 333-146073, 333-146650, <br> 333-149213, 333-155153, 333-215169, 333-215173, <br> 333-223705, 333-253123, 333-272262, 333-280429<br>|
| Nationwide Provident VA Separate Account 1 (811-07708) | 333-164127, 333-164126 |
| Nationwide Provident VLI Separate Account 1 (811-04460) | &nbsp;&nbsp;&nbsp;&nbsp; 333-164180, 333-164117, 333-164178, 333-164179, <br> 333-164119, 333-164120, 333-164115, 333-164118, <br> 333-164116<br>|
| Nationwide Provident VA Separate Account A (811-06484) | &nbsp;&nbsp;&nbsp;&nbsp; 333-164131, 333-164130, 333-164132, 333-164129, <br> 333-164128<br>|
| Nationwide Provident VLI Separate Account A (811-08722) | &nbsp;&nbsp;&nbsp;&nbsp; 333-164188, 333-164123, 333-164185, 333-164122, <br> 333-164121<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| **General Account Products** | **General Account Products** |
| **Insurance Company** | **1933 Act File No(s). / Contract Name(s)**  |
| Nationwide Life Insurance Company | 333-271188, 333-289518, 333-289519, 333-289520 |

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hereby constitute and appoint Craig A. Hawley, Steven A. Ginnan, Kush V. Kotecha, Holly R. Snyder, Michael Stobart, Paige L. Ryan, Shawn M. Parry, Jamie M. Ruff, Stephen M. Jackson, and Benjamin W. Mischnick and each of them with power to act without the others, as his/her attorney, with full power of substitution for and in his/her name, place and stead, in any and all capacities, to approve, and sign such Registration Statements, and any and all amendments thereto, with power to affix the corporate seal of said corporation thereto and to attest said seal and to file the same, with all exhibits thereto and other documents in connection therewith, with the U.S. Securities and Exchange Commission, hereby granting unto said attorneys, and each of them, full power and authority to do and perform all and every act and thing requisite to all intents and purposes as he/she might or could do in person, hereby ratifying and confirming that which said attorneys, or any of them, may lawfully do or cause to be done by virtue hereof. This instrument may be executed in one or more counterparts.

IN WITNESS WHEREOF, the undersigned have herewith set their names as of this 3<sup>rd</sup> day of April, 2026.

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| | |
|:---|:---|
| /s/ Craig A. Hawley | /s/ Timothy G. Frommeyer |
| CRAIG A. HAWLEY, Director and Officer | TIMOTHY G. FROMMEYER, Director and Officer |
| /s/ Steven A. Ginnan | /s/ Kush V. Kotecha |
| STEVEN A. GINNAN, Director and Officer | KUSH V. KOTECHA, Director and Officer |
| /s/ Holly R. Snyder | /s/ Kirt A. Walker |
| HOLLY R. SNYDER, Director and Officer | KIRT A. WALKER, Director |
| /s/ James D. Benson |  |
| JAMES D. BENSON, Officer |  |

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