04/26/2024 | Press release | Distributed by Public on 04/26/2024 05:18
Page
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Glossary
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3
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Important Information You Should Consider About the Policy
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5
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Overview of the Policy
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8
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Purpose
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8
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Premiums
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8
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Policy Features
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8
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Standard Death Benefit
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10
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Standard Death Benefit Options
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10
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Calculation of the Death Benefit
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10
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The Minimum Required Death Benefit
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10
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Other Benefits Available Under the Policy
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11
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Buying the Policy
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15
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Premium Payments
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15
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How Your Policy Can Lapse
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16
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Guaranteed Policy Continuation Provision
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16
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Grace Period
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16
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Reinstatement
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17
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Making Withdrawals: Accessing the Money in Your Policy
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17
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Full Surrender
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17
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Partial Surrender
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17
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Additional Information About Fees
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19
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Appendix: Underlying Mutual Funds Available Under the Policy
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23
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Extended No-Lapse Guarantee Rider Investment Options
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26
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Accumulation Unit - An accounting unit of measure of an investment in, or share of, a Sub-Account. Accumulation
Unit values are initially set at $10 for each Sub-Account.
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Attained Age- A person's Issue Age plus the number of full years since the Policy Date.
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Base Policy Specified Amount - The amount of insurance coverage selected under the base policy, excluding any
Rider Specified Amount.
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Cash Surrender Value-The Cash Value minus Indebtedness and any surrender charge.
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Cash Value- The total amount allocated to the Sub-Accounts, the policy loan account, and the general account
options.
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Code- The Internal Revenue Code of 1986, as amended.
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Death Benefit-The amount paid upon the Insured's death, before the deduction of any Indebtedness, reduction for
any long-term care benefits paid, adjustments or reductions under the Long-Term Care Rider II, or due and unpaid
policy charges.
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Fixed Account- An investment option that is funded by Nationwide's general account.
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Grace Period - A 61-day period after which the Policy will Lapse if sufficient payments are not made to prevent Lapse.
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In Force-Any time during which benefits are payable under the policy and any elected Rider(s).
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Indebtedness - The total amount of all outstanding policy loans, including principal and interest due.
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Insured-The person whose life is insured under the policy, and whose death triggers payment of the Death Benefit.
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Investment Experience- The market performance of a mutual fund/Sub-Account.
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Issue Age- A person's age based on their birthday nearest the Policy Date. If their last birthday was more than 182
days prior to the Policy Date, their nearest birthday will be their next birthday.
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Lapse- The policy terminates without value.
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Long-Term Care Specified Amount-The elected Long-Term Care Rider benefit amount adjusted for any post issue
increases and decreases.
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Long-Term Fixed Account-An investment option that is funded by Nationwide's general account.
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Maturity Date-The policy anniversary on which the Insured reaches Attained Age120.
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Monthly Death Benefit Guarantee Premium-Dollar amounts used to calculate the Premium that must be paid to
meet the requirements of the Guaranteed Policy Continuation Provision.
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Minimum Required Death Benefit- The lowest Death Benefit that will qualify the policy as life insurance under the
Code.
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Nationwide - Nationwide Life and Annuity Insurance Company.
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Net Amount At Risk - The base policy's Death Benefit minus the policy's Cash Value.
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Net Premium- Premium after transaction charges, but before any allocation to an investment option.
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No-Lapse Guarantee Monthly Premium - Dollar amounts used to calculate the Premium that must be paid to meet
the requirements of the Guaranteed Policy Continuation Provision.
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No-Lapse Guarantee Period - The length of time during which the Guaranteed Policy Continuation Provision is
available.
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Policy Date-The date the policy takes effect as shown in the Policy Specification Pages. Policy years, months, and
anniversaries are measured from this date.
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Policy Monthaversary- The same day of the month as the Policy Date for each succeeding month. In any month
where such day does not exist (e.g. 29th, 30th, or 31st), the Policy Monthaversary will be the last day of that calendar
month.
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Policy Owner - The person or entity named as the owner on the application, or the person or entity assigned
ownership rights.
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Policy Proceeds or Proceeds-Policy Proceeds may constitute the Death Benefit, or the amount payable if the policy
matures or is surrendered, adjusted to account for any unpaid charges, Indebtedness and Rider benefits.
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Policy Specification Page(s)-The Policy Specification Page(s) are issued as part of the policy and contain
information specific to the policy and the Insured, including coverage and Rider elections. Updated Policy
Specification Page(s) will be issued if the Policy Ownermakes any changes to coverage elections after the policy is
issued.
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Premium- Amount(s) paid to purchase and maintain the policy.
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Percent of Premium Charge- The aggregate of the sales load and premium tax charges.
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Premium Waiver Benefit- The benefit received under the Premium Waiver Rider. The benefit takes the form of a
monthly credit to the policy upon the Insured's total disability for six consecutive months not caused by a risk not
assumed. The amount credited to the policy is the lesser of the Premium specified by the Policy Owneror the
average actual monthly Premiums paid over the last 36 months prior to the disability (or such shorter period of time
that the policy has been In Force).
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Returned Premium - Any return of Premium due to Code Section 7702 or 7702A.
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Rider- An optional benefit purchased under the policy. Rider availability and Rider terms may vary depending on the
state in which the policy was issued.
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Rider Specified Amount-The elected dollar amount of coverage for Long-Term Care Rider II.
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SEC- Securities and Exchange Commission.
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Service Center - The department of Nationwide responsible for receiving all service and transaction requests relating
to the policy. For service and transaction requests submitted other than by telephone (including fax requests), the
Service Center is Nationwide's mail and document processing facility. For service and transaction requests
communicated by telephone, the Service Center is Nationwide's operations processing facility. Information on how to
contact the Service Center is in the Contacting the Service Center provision in the statutory prospectus.
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Sub-Account(s) -The mechanism used to account for allocations of Net Premium and Cash Value among the
policy's variable investment options.
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Substandard Rating - An underwriting classification based on medical and/or non-medical factors used to determine
what to charge for life insurance based on characteristics of the Insured beyond traditional factors for standard risks,
which include age, sex, and tobacco habits of the Insured. Substandard Ratings are shown in the Policy
Specification Pages as rate class multiples (medical factors) and/or monthly flat extras (medical and/or non-medical
factors). The higher the rate class multiple or monthly flat extra, the greater the risk assessed and the higher the cost
of coverage.
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TI Accelerated Death Benefit Payment - The actual benefit amount that will be paid under the Accelerated Death
Benefit for Terminal Illness Rider if the eligibility and conditions for payment are met. The benefit amount paid is
reduced for risk deductions and adjustments for premature payment of the Base Policy Specified Amount.
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Valuation Period- The period during which Nationwide determines the change in the value of the Sub-Accounts.
One Valuation Period ends and another begins as of the close of regular trading on the New York Stock Exchange.
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Variable Account- Nationwide VL Separate Account-G, a separate account that Nationwide established to hold
Policy Owner assets allocated to variable investment options. The Variable Account is divided into Sub-Accounts,
each of which invests in a separate underlying mutual fund.
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FEES AND EXPENSES
(see Additional Information About Fees later in this summary prospectus and Expenses in the statutory prospectus)
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Charges for Early
Withdrawals
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Surrender Charge - Unless the requirement for a policy without surrender charges is met
on the Policy Date, for up to 15 years from the Policy Date, or effective date of any Base
Policy Specified Amount increase, a surrender charge is deducted if the policy is
surrendered, Lapses, or there is a requested decrease of the Base Policy Specified
Amount (see Surrender Charge in the statutory prospectus). This charge will vary based
upon the individual characteristics of the Insured. The maximum surrender charge is
$45.32 per $1,000 of Base Policy Specified Amount, or 4.532% of the Base Policy
Specified Amount. For example, for a policy with a $100,000 Base Policy Specified
Amount, a complete surrender could result in a surrender charge of $4,532.
Partial Surrender Fee - Deducted from the partial surrender amount requested (see
Partial Surrender Fee in the statutory prospectus). Currently, Nationwide waives the Partial
Surrender Fee. Nationwide may elect in the future to assess a Partial Surrender Fee. The
Partial Surrender Fee assessed to each surrender will not exceed the lesser of $25 or 5%
of the amount surrendered.
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Transaction Charges
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The Policy Owner may also be charged for other transactions as follows:
• Percent of Premium Charge - Deducted from each Premium payment applied to a
policy.
• Service Fee - Upon requesting an illustration, policy loan, or copies of transaction
confirmations and statements.
• Rider Charges - One time rider charges for certain benefits, deducted upon invoking the
rider.
See Standard Policy Charges and Policy Riders and Rider Charges in the statutory
prospectus.
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Ongoing Fees and
Expenses (periodic
charges)
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In addition to surrender charges and transaction charges, an investment in the policy is
subject to certain ongoing fees and expenses, including fees and expenses covering the
cost of insurance under the policy and the cost of optional benefits available under the
policy, and such fees and expenses are set based on characteristics of the Insured (e.g.,
age, sex, and rating classification), see Standard Policy Charges and Policy Ridersand
Rider Charges in the statutory prospectus. Please refer to the Policy Specification Pages
of your policy for rates applicable to the policy.
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A Policy Owner will also bear expenses associated with the underlying mutual funds under
the policy, as shown in the following table:
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Annual Fee
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Minimum
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Maximum
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Investment options (underlying mutual fund fees
and expenses)
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0.11%1
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1.29%1
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1 As a percentage of underlying mutual fund assets.
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RISKS
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Risk of Loss
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Policy Owners of variable life insurance can lose money by investing in the policy, including
loss of principal (see Principal Risks in the statutory prospectus).
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Not a Short-Term
Investment
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The policy is not a short-term investment and is not appropriate for an investor who needs
ready access to cash (see Principal Risks in the statutory prospectus).
A surrender charge may apply (see Surrender Charge in the statutory prospectus). In
addition, taking policy loans may increase the risk of Lapse and may result in adverse tax
consequences (see Policy Loans in the statutory prospectus).
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RISKS
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Risks Associated with
Investment Options
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• Investment in this policy is subject to the risk of poor investment performance of the
investment options chosen by the Policy Owner.
• Each investment option and each general account option will have its own unique risks.
• Review the prospectuses and disclosures for the investment options before making an
investment decision.
• Investment Experience of the policy can vary depending on the available policy
investment options selected by the Policy Owner.
See Principal Risks in the statutory prospectus.
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Insurance Company Risks
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Investment in the policy is subject to the risks associated with Nationwide, including that
any obligations (including under any general account options), guarantees, or benefits are
subject to the claims-paying ability of Nationwide. More information about Nationwide,
including its financial strength ratings, is available by contacting the Service Center (see
Principal Risks in the statutory prospectus).
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Policy Lapse
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The policy is at risk of Lapsing when the Cash Surrender Value is insufficient to cover the
monthly policy charges, including Rider charges. Cash Surrender Value can be reduced by
unfavorable Investment Experience, policy loans, partial surrenders and the deduction of
policy charges. Payment of insufficient Premium may cause the policy to Lapse. There is
no separate additional charge associated with reinstating a Lapsed policy. The Death
Benefit will not be paid if the policy has Lapsed.
For more information, see Principal Risks and Lapse in the statutory prospectus.
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RESTRICTIONS
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Investments
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• Nationwide may restrict the form in which Sub-Account transfer requests will be
accepted (see Sub-Account Transfers in the statutory prospectus).
• Nationwide may limit the frequency and dollar amount of transfers involving the fixed
interest options (see Fixed Interest Options Transfers in the statutory prospectus).
• Nationwide reserves the right to add, remove, and substitute investment options
available under the policy (see Addition, Deletion, or Substitution of Mutual Funds in
the statutory prospectus).
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Optional Benefits
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• Certain optional benefits may be subject to availability, eligibility, and/or invocation
requirements. Availability of certain optional benefits may be subject to Nationwide's
underwriting approval for the optional benefit.
• Certain optional benefits limit or restrict the investment options available for
investment.
• Policy loans are not permitted while benefits are being paid under certain optional
benefits.
• Nationwide reserves the right to discontinue offering any optional benefit. Such a
discontinuance will only apply to new policies and will not impact any policies already
In Force.
For more information, see Policy Riders and Rider Charges in the statutory prospectus.
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TAXES
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Tax Implications
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• Consult with a tax professional to determine the tax implications of an investment in
and payments received under this policy.
• Earnings on the policy are generally not taxable to the Policy Owner, unless withdrawn
from the policy. Partial and full surrenders from the policy may be subject to taxes,
may be taxed as ordinary income, and may be subject to a tax penalty.
For more information, see Taxes in the statutory prospectus.
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CONFLICTS OF INTEREST
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Investment Professional
Compensation
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Some financial professionals receive compensation for selling the policy. Compensation
can take the form of commission and other indirect compensation in that Nationwide may
share the revenue it earns on this policy with the financial professional's firm. This conflict
of interest may influence a financial professional, as these financial professionals may
have a financial incentive to offer or recommend this policy over another investment (see A
Note on Charges in the statutory prospectus).
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RISKS
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Exchanges
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Some financial professionals may have a financial incentive to offer an investor a new
policy in place of the one he/she already owns. An investor should only exchange his/her
policy if he/she determines, after comparing the features, fees, and risks of both policies,
that it is preferable for him/her to purchase the new policy, rather than to continue to own
the existing one (see Exchanging the Policy for Another Life Insurance Policy in the
statutory prospectus).
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Name of Benefit
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Purpose
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Is Benefit
Standard or
Optional
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Brief Description of Restrictions/Limitations
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Guaranteed Policy
Continuation
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During the No-Lapse
Guarantee Period, the
policy will not Lapse if
Premium requirements
are satisfied
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Standard
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• The No-Lapse Guarantee Monthly Premium can
change due to action by the Policy Owner
• When the No-Lapse Guarantee Periodends, the
policy may be at risk of Lapse
See Guaranteed Policy Continuation Provision in the
statutory prospectus
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Dollar Cost Averaging
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Long-term transfer
program involving
automatic transfer of
assets
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Standard
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• Transfers are only permitted from the Fixed Account
and a limited number of Sub-Accounts
• Transfers may not be directed to the Fixed Account
• Transfers from the Fixed Account must be no more
than 1/12th of the Fixed Account value at the time
the program is elected
• Nationwide may modify, suspend, or discontinue
these programs at any time
• Transfers are only made monthly
See Policy Owner Services in the statutory
prospectus
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Name of Benefit
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Purpose
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Is Benefit
Standard or
Optional
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Brief Description of Restrictions/Limitations
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Enhanced Dollar Cost
Averaging
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Long-term transfer
program involving
automatic transfer of
Fixed Account
allocations with higher
interest crediting rate
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Standard
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• Only available at the time of application, and only
initial Premium is eligible for the program
• Extended No-Lapse Guarantee Rider Advantage
Program is not available when Enhanced Dollar
Cost Averaging is elected
• Transfers are only permitted from the Fixed Account
• Transfers are only made monthly and only for the
first policy year
See Policy Owner Services in the statutory
prospectus
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Asset Rebalancing
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Automatic reallocation
of assets on a
predetermined
percentage basis
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Standard
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• Assets in the general account options are excluded
from the program
• Rebalances only permitted on a three, six, or 12
month schedule
See Policy Owner Services in the statutory
prospectus
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Automated Income
Monitor
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Systematic partial
surrender and/or policy
loan program to take an
income stream of
scheduled payments
from the Cash Value
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Standard
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• Only available to policies that are not modified
endowment contracts
• Policy Owners are responsible for monitoring the
policy to prevent Lapse
• Program will terminate upon the occurrence of
specified events
• Nationwide may modify, suspend, or discontinue the
program at any time
See Policy Owner Services in the statutory
prospectus
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Overloan Lapse
Protection Rider II
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Prevent the policy from
Lapsing due to
Indebtedness
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Optional
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• Subject to eligibility requirements to invoke the
Rider
• Election to invoke is irrevocable
• Once invoked, all other Riders terminate
• Cash Value will be transferred to the Fixed Account
and may not be transferred out
• No further loans or partial surrenders may be taken
from the policy
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Long-Term Care Rider II
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Accelerates a portion of
the Base Policy
Specified Amount for
qualified long-term care
services
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Optional
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• Underwriting requirements for the Rider are
separate and distinct from the policy, and the Rider
does not provide benefits for certain conditions or
events
• Insured must be between Attained Age 21 and 80
when the Rider is elected
• Long-Term Care Specified Amount must be at least
$100,000 and no more than the maximum
determined in underwriting
• Subject to maximum monthly benefit
• Subject to eligibility requirements to invoke the
Rider
• Subject to an elimination period, a 90-day waiting
period, before benefits are paid
• Written notice of claim is required
• Benefit associated with the Rider may not cover all
long-term care costs incurred
• While benefit is being paid no loans or partial
surrenders may be taken from the policy
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Name of Benefit
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Purpose
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Is Benefit
Standard or
Optional
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Brief Description of Restrictions/Limitations
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Accelerated Death
Benefit for Terminal
Illness Rider
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Provides a one-time
terminal illness benefit
payment
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Optional
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• The Rider only applies to the Insured under the
base policy
• Invoking the Rider is subject to eligibility
requirements
• Requested Percentage must not exceed 50% of the
Base Policy Specified Amount
• Amount of the TI Accelerated Death Benefit
Payment must be at least $10,000 and cannot
exceed $250,000
• The minimum Base Policy Specified Amount for the
policy must still be met after processing the
acceleration request
• Timing restrictions on coverage may apply
• Receipt of accelerated death benefits may be
taxable and may adversely impact eligibility for
other government benefits
• The value of the benefit may be reduced by
benefits paid under other Riders
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Accelerated Death
Benefit for Chronic
Illness Rider
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Provides for chronic
illness benefit payments
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Optional
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• Subject to eligibility requirements
• Insured must be between Attained Age 18 and 65
when the policy is issued
• Insured must be certified by a licensed health care
practitioner within 30 days prior to submitting a
claim
• Subject to annual and lifetime dollar amount
limitations
• 90-day waiting period applies for the first claim;
waiting period may apply for subsequent claims
• Death Benefit must be changed to Death Benefit
Option 1
• Partial Surrenders and Indebtedness will reduce
benefits
• Receipt of accelerated death benefits may be
taxable and may adversely impact eligibility for
other government benefits
• The value of the benefit may be reduced by
benefits paid under other Riders
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Accelerated Death
Benefit for Critical
Illness Rider
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Provides for critical
illness benefit payments
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Optional
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• Subject to eligibility requirements
• Insured must be between Attained Age 18 and 65
when the policy is issued
• Insured must have one of the qualifying critical
illness conditions to invoke this Rider
• Subject to annual and lifetime dollar amount
limitations
• Death Benefit must be changed to Death Benefit
Option 1
• Partial Surrenders and Indebtedness will reduce
benefits
• Receipt of accelerated death benefits may be
taxable and may adversely impact eligibility for
other government benefits
• The value of the benefit may be reduced by
benefits paid under other Riders
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Name of Benefit
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Purpose
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Is Benefit
Standard or
Optional
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Brief Description of Restrictions/Limitations
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Premium Waiver Rider
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Provides a monthly
credit to the policy upon
the Insured's total
disability
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Optional
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• May be purchased on or after the policy
anniversary on which Insured reaches Attained Age
21 and before the policy anniversary on which
Insured reaches Attained Age59
• Monthly credit applied may not be sufficient to keep
the policy from Lapsing
• Cannot be elected if the Waiver of Monthly
Deductions Rider or Extended No-Lapse Guarantee
Rider is elected
• If the Insured is younger than age 63 at the time of
the total disability, coverage continues until age 65
• If the Insured is age 63 or older at the time of the
total disability, coverage may continue for two years
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Waiver of Monthly
Deductions Rider
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Waiver of policy
charges if the Insured
becomes totally
disabled
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Optional
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• May be purchased on or after the policy
anniversary on which Insured reaches Attained Age
21 and before the policy anniversary on which
Insured reaches Attained Age59
• Monthly charges will not be waived until the Insured
has been disabled for six consecutive months
• Benefit alone may not be sufficient to keep the
policy from Lapsing
• Cannot be elected if the Premium Waiver Rider is
elected
• If disability began before Attained Age 60, the
benefit may continue for as long as the disability
• If disability began between Attained Age 60 and 63,
the benefit may continue until Attained Age65
• If the Insured's total disability begins after Attained
Age 63, the benefit may continue for two years
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Extended No-Lapse
Guarantee Rider
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Provides Lapse
protection after the
protection provided by
the Guaranteed Policy
Continuation Provision
has ended
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Optional
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• Rider only available to be elected at the time of
application for policies with Death Benefit option 1
and is irrevocable
• Cannot be elected if the Premium Waiver Rider is
elected
• If the Death Benefit is changed from Death Benefit
option 1 this Rider will terminate
• Policy must be managed as illustrated to maintain
the Rider's no-lapse guarantee
• Available variable investment options are limited
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Name of Benefit
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Purpose
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Is Benefit
Standard or
Optional
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Brief Description of Restrictions/Limitations
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Extended No--Lapse
Guarantee Advantage
Program
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To provide a reduced
percent of Premium
no-lapse guarantee
charge factor rate if
Program requirements
are met
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Optional
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• Only available to be elected at the time of
application when the Extended No-Lapse
Guarantee Rider is elected
• Only Premium received during the first policy year
in excess of a designated dollar amount receives
the reduced charge factor rate
• All Premium received during the first policy year is
applied to the program's originating Sub-Account
• Transfers are only made monthly from the date the
initial Premium is applied and the program
terminates after 60 transfers
• Available investment options to receive program
transfers are limited to the options available under
the Extended No--Lapse Guarantee Rider
• Enhanced dollar cost averaging is not available
when the Advantage Program is elected
• Program Value is not available to participate in
dollar cost averaging, asset rebalancing programs,
or Directed Monthly Deductions
• Requested termination of the program is not
permitted without first terminating the Extended No-
Lapse Guarantee Rider
|
Transaction Fees
|
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Charge
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When Charge is
Deducted
|
Amount Deducted
|
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Percent of Premium Charge
|
Upon making a Premium
payment
|
Maximum:
12% of each Premium
|
Currently:
6% of each Premium
|
Service Fee1
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Upon requesting an
illustration, policy loan, or
copies of transaction
confirmations and
statements
|
Maximum:
$25
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Currently:
$0
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Partial Surrender Fee
|
Upon a partial surrender
|
Maximum:
lesser of $25 or 5% of
the amount surrendered
from the policy's Cash
Value
|
Currently:
$0
|
Surrender Charge†
|
Upon surrender, policy
Lapse, and certain Base
Policy Specified Amount
decreases
|
Maximum:
$45.32 per $1,000 of
Base Policy Specified
Amount
|
Minimum:
$0.98 per $1,000 of Base
Policy Specified Amount
|
Representative: an Issue Age 35 male
preferred non-tobacco with a Base Policy
Specified Amount of $500,000; Death
Benefit Option 1; and a complete
surrender of the policy in the first year
|
Upon surrender, policy
Lapse, and certain Base
Policy Specified Amount
decreases
|
$19.09 per $1,000 of Base Policy Specified Amount
from the policy's Cash Value
|
|
Overloan Lapse Protection Rider II
Charge†
|
Upon invoking the Rider
|
Maximum:
$185.00 per $1,000 of
Cash Value
|
Minimum:
$1.50 per $1,000 of Cash
Value
|
Representative: an Attained Age85
Insured with a Cash Value of $500,000,
assuming the guideline premium/cash
value corridor life insurance qualification
test is elected
|
Upon invoking the Rider
|
$32 per $1,000 of Cash Value
|
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Accelerated Death Benefit for Terminal
Illness Rider Charge2†
|
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TI Administrative Charge
|
Upon invoking the Rider
|
Maximum:
$250.00
|
Currently:
$250.00
|
Rider Charge
|
Upon invoking the Rider
|
Maximum:
$200 per $1,000 of TI
Unadjusted Accelerated
Death Benefit Payment
|
Minimum:
$30 per $1,000 of TI
Unadjusted Accelerated
Death Benefit Payment
|
Representative: an Insured of any age or
sex, an assumed life expectancy of 1 year,
an assumed interest rate of 5% and a risk
charge of 5%.
|
Upon invoking the Rider
|
$100 per $1,000 of TI Unadjusted Accelerated Death
Benefit Payment
|
Transaction Fees
|
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Charge
|
When Charge is
Deducted
|
Amount Deducted
|
|
Accelerated Death Benefit for Chronic
Illness Rider Charge
|
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CI Administrative Charge
|
Upon invoking the Rider
|
Maximum:
$250.00
|
Currently:
$250.00
|
Accelerated Death Benefit for Critical
Illness Rider Charge
|
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CRI Administrative Charge
|
Upon invoking the Rider
|
Maximum:
$250.00
|
Currently:
$250.00
|
Extended No-Lapse Guarantee Rider
Percent of Premium Charge†
|
Upon making a Premium
payment
|
Maximum:
15% of each Premium
|
Minimum:
0% of each Premium
|
Representative: an Attained Age 35 male
preferred non-tobacco
|
Upon making a Premium
payment
|
6% of each Premium
|
Periodic Charges Other than Annual Underlying Mutual Fund Expenses
|
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Base Contract Charges
|
|||
Charge
|
When Charge is
Deducted
|
Amount Deducted
|
|
Cost of Insurance
Charge†
|
Monthly
|
Maximum:
$83.34 per $1,000 of Net Amount At Risk
|
Minimum:
$0.00 per $1,000 of Net
Amount At Risk
|
Representative: an Issue
Age 35, in the first policy
year, male preferred non-
tobacco with a Base Policy
Specified Amount of
$500,000 and Death
Benefit Option 1
|
Monthly
|
$0.01 per $1,000 of Net Amount At Risk
|
|
Flat Extra Charge1
|
Monthly
|
Maximum:
$2.09 per $1,000 of Net Amount At Risk for each Flat Extra assessed
|
|
Percent of Sub-Account
Value Charge
|
Monthly
|
Maximum:
0.50% annually (0.042% monthly) of Cash Value
allocated to the Sub-Accounts
|
Currently:
0.10% annually (0.008%
monthly) of Cash Value
allocated to the Sub-
Accounts
|
Base Contract Charges
|
|||
Administrative Per Policy
Charge
|
Monthly
|
Maximum:
$20.00 per policy
|
Currently:
$10.00 per policy
|
Per $1,000 of Specified
Amount
Charge†
|
Monthly
|
Maximum:
$3.14 per $1,000 of Base Policy Specified Amount
|
Minimum:
$0.10 per $1,000 of
Base Policy Specified
Amount
|
Representative: an Issue
Age of 35, in the first policy
year, male preferred non-
tobacco with a Base Policy
Specified Amount of
$500,000, and Death
Benefit Option 1
|
Monthly
|
$0.17 per $1,000 of Base Policy Specified Amount
|
|
Policy Loan Interest
Charge2
|
Annually
and at the time of
certain events and
transactions
|
Maximum:
4.50% of Indebtedness
|
Currently:
4.50% of Indebtedness
|
Optional Benefit Charges
|
|||
Charge
|
When Charge is
Deducted
|
Amount Deducted
|
|
Long-Term Care
Rider II Charge†
|
Monthly
|
Maximum:
$4.17 per $1,000 of Long -Term Care Rider
Specified Amount
|
Minimum:
$0.00 per $1,000 of
Long-Term Care Rider
Specified Amount
|
Representative: an Issue
Age 35 male single
preferred non-tobacco with
an elected benefit
percentage of 4%
|
Monthly
|
$0.08 per $1,000 of Long-Term Care Rider Specified Amount
|
|
Waiver of Monthly
Deductions Rider
Charge†
|
Monthly
|
Maximum:
$855 per $1,000 of Waiver of Monthly Deduction
Benefit
|
Minimum:
$85 per $1,000 of
Waiver of Monthly
Deduction Benefit
|
Representative: an
Attained
Age 35 male preferred
non-
tobacco with a Base Policy
Specified Amount of
$500,000
and Death Benefit Option 1
|
Monthly
|
$85 per $1,000 of Waiver of Monthly Deduction Benefit
|
|
Premium Waiver Rider
Charge†
|
Monthly
|
Maximum:
$315 per $1,000 of Premium Specified by the
Policy Owner
|
Minimum:
$42 per $1,000 of
Premium Specified by
the Policy Owner
|
Representative: an
Attained
Age 35 male preferred
non-
tobacco
|
Monthly
|
$42 per $1,000 of Premium Specified by the Policy Owner
|
Optional Benefit Charges
|
|||
Extended No Lapse
Guarantee RiderPercent
of Sub-AccountValue
Charge
|
Monthly
|
Maximum:
0.083% of Cash Value
allocated to the Sub-
Accounts
|
Minimum:
0% of Cash Value allocated to the Sub-Accounts
|
Representative: an
Attained Age 35 male
preferred non-tobacco
|
Monthly
|
0.042% of Cash Valueallocated to the Sub-Accounts
|
Annual Underlying Mutual Fund Expenses
|
||
Minimum
|
Maximum
|
|
(Expenses that are deducted from underlying mutual fund assets, including
management fees, distribution and/or service (12b-1) fees, and other expenses, as a
percentage of average underlying mutual fund net assets.)
|
0.11%
|
1.29%
|
Type
|
Underlying Mutual Fund and Adviser/
Subadviser
|
Current
Expenses
|
Average Annual Total Returns
(as of 12/31/2023)
|
||
1 year
|
5 year
|
10 year
|
|||
Allocation
|
American Funds Insurance Series® - Asset Allocation Fund:
Class 2
Investment Advisor: Capital Research and Management Company
|
0.55%
|
14.27%
|
9.20%
|
7.25%
|
Equity
|
American Funds Insurance Series® - Global Growth Fund: Class
1
Investment Advisor: Capital Research and Management Company
|
0.41%*
|
22.90%
|
13.94%
|
9.85%
|
Equity
|
American Funds Insurance Series® - Growth Fund: Class 1
Investment Advisor: Capital Research and Management Company
|
0.34%
|
38.81%
|
18.97%
|
14.64%
|
Equity
|
American Funds Insurance Series® - Growth-Income Fund:
Class 1
Investment Advisor: Capital Research and Management Company
|
0.28%
|
26.46%
|
13.65%
|
11.19%
|
Equity
|
American Funds Insurance Series® - New World Fund®: Class 1
Investment Advisor: Capital Research and Management Company
|
0.57%*
|
16.22%
|
8.90%
|
4.95%
|
Equity
|
American Funds Insurance Series® - Washington Mutual
Investors Fund: Class 1
Investment Advisor: Capital Research and Management Company
|
0.25%*
|
17.66%
|
12.90%
|
10.19%
|
Fixed Income
|
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield
V.I. Fund: Class I
Investment Advisor: BlackRock Advisors, LLC
Sub-Advisor: BlackRock International Limited
|
0.56%*
|
13.21%
|
5.75%
|
4.46%
|
Fixed Income
|
BlackRock Variable Series Funds II, Inc. - BlackRock Total
Return V.I. Fund: Class I
Investment Advisor: BlackRock Advisors, LLC
Sub-Advisor: BlackRock (Singapore) Limited
|
0.49%*
|
5.83%
|
1.35%
|
1.94%
|
Equity
|
Columbia Funds Variable Insurance Trust - Columbia Variable
Portfolio - Small Cap Value Fund: Class 1
Investment Advisor: Columbia Management Investment Advisors, LLC
|
0.86%*
|
21.94%
|
13.68%
|
8.67%
|
Fixed Income
|
Columbia Funds Variable Series Trust II - Columbia Variable
Portfolio - Limited Duration Credit Fund: Class 1
Investment Advisor: Columbia Management Investment Advisors, LLC
|
0.41%*
|
6.89%
|
2.62%
|
1.91%
|
Allocation
|
Deutsche DWS Variable Series II - DWS Global Income Builder
VIP: Class A
Investment Advisor: DWS Investment Management Americas, Inc.
|
0.66%
|
14.89%
|
7.12%
|
5.19%
|
Fixed Income
|
DFA Investment Dimensions Group Inc. - VA Global Bond
Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Sub-Advisor: Dimensional Fund Advisors Ltd., DFA Australia Limited
|
0.21%
|
5.05%
|
0.58%
|
1.29%
|
Equity
|
DFA Investment Dimensions Group Inc. - VA International Small
Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Sub-Advisor: Dimensional Fund Advisors Ltd., DFA Australia Limited
|
0.40%
|
14.11%
|
7.86%
|
4.89%
|
Type
|
Underlying Mutual Fund and Adviser/
Subadviser
|
Current
Expenses
|
Average Annual Total Returns
(as of 12/31/2023)
|
||
1 year
|
5 year
|
10 year
|
|||
Equity
|
DFA Investment Dimensions Group Inc. - VA International Value
Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Sub-Advisor: Dimensional Fund Advisors Ltd., DFA Australia Limited
|
0.27%
|
17.86%
|
8.87%
|
4.16%
|
Fixed Income
|
DFA Investment Dimensions Group Inc. - VA Short-Term Fixed
Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Sub-Advisor: Dimensional Fund Advisors Ltd., DFA Australia Limited
|
0.12%
|
4.98%
|
1.33%
|
1.05%
|
Equity
|
DFA Investment Dimensions Group Inc. - VA U.S. Large Value
Portfolio
Investment Advisor: Dimensional Fund Advisors LP
|
0.21%
|
10.92%
|
10.71%
|
8.10%
|
Equity
|
DFA Investment Dimensions Group Inc. - VA U.S. Targeted Value
Portfolio
Investment Advisor: Dimensional Fund Advisors LP
|
0.29%
|
20.03%
|
15.40%
|
9.00%
|
Fixed Income
|
DFA Investment Dimensions Group Inc. - VIT Inflation-Protected
Securities Portfolio: Institutional Class
Investment Advisor: Dimensional Fund Advisors LP
Sub-Advisor: Dimensional Fund Advisors Ltd., DFA Australia Limited
|
0.11%
|
4.02%
|
3.10%
|
|
Equity
|
Fidelity Variable Insurance Products Fund - VIP Contrafund®
Portfolio: Initial Class
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity
Management & Research (Hong Kong) Limited and Fidelity
Management & Research (Japan) Limited
|
0.56%
|
33.45%
|
16.65%
|
11.61%
|
Equity
|
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio:
Initial Class
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity
Management & Research (Hong Kong) Limited and Fidelity
Management & Research (Japan) Limited
|
0.58%
|
36.24%
|
19.64%
|
14.80%
|
Fixed Income
|
Fidelity Variable Insurance Products Fund - VIP Investment
Grade Bond Portfolio: Initial Class
Investment Advisor: Fidelity Management & Research Company LLC
(FMR)
Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity
Management & Research (Hong Kong) Limited and Fidelity
Management & Research (Japan) Limited
|
0.38%
|
6.20%
|
1.97%
|
2.33%
|
Allocation
|
Invesco - Invesco V.I. Balanced-Risk Allocation Fund: Series I
Shares
Investment Advisor: Invesco Advisers, Inc.
|
0.88%*
|
6.63%
|
4.90%
|
4.03%
|
Equity
|
Invesco - Invesco V.I. Main Street Small Cap Fund: Series I
Investment Advisor: Invesco Advisers, Inc.
|
0.88%
|
18.13%
|
13.07%
|
8.93%
|
Equity
|
Janus Aspen Series - Janus Henderson Overseas Portfolio:
Institutional Shares
Investment Advisor: Janus Henderson Investors US LLC
|
0.89%
|
10.87%
|
11.20%
|
3.63%
|
Equity
|
Legg Mason Partners Variable Equity Trust - ClearBridge
Variable Small Cap Growth Portfolio: Class I
Investment Advisor: Franklin Templeton Fund Advisor, LLC
Sub-Advisor: ClearBridge Investments, LLC
|
0.80%
|
8.40%
|
9.56%
|
7.89%
|
Fixed Income
|
Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC
Investment Advisor: Lord, Abbett & Co. LLC
|
0.71%
|
6.34%
|
1.21%
|
1.83%
|
Equity
|
MFS® Variable Insurance Trust - MFS Value Series: Initial Class
Investment Advisor: Massachusetts Financial Services Company
|
0.69%*
|
7.93%
|
11.34%
|
8.52%
|
Type
|
Underlying Mutual Fund and Adviser/
Subadviser
|
Current
Expenses
|
Average Annual Total Returns
(as of 12/31/2023)
|
||
1 year
|
5 year
|
10 year
|
|||
Equity
|
MFS® Variable Insurance Trust II - MFS Research International
Portfolio: Service Class
Investment Advisor: Massachusetts Financial Services Company
|
1.14%*
|
12.83%
|
8.23%
|
3.89%
|
Fixed Income
|
MFS® Variable Insurance Trust III - MFS Limited Maturity
Portfolio: Initial Class
Investment Advisor: Massachusetts Financial Services Company
|
0.45%*
|
6.08%
|
2.25%
|
1.72%
|
Equity
|
MFS® Variable Insurance Trust III - MFS Mid Cap Value Portfolio:
Initial Class
Investment Advisor: Massachusetts Financial Services Company
|
0.79%*
|
12.73%
|
12.90%
|
8.73%
|
Allocation
|
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Aggressive Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
|
0.85%*
|
19.66%
|
11.28%
|
7.37%
|
Allocation
|
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Balanced Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
|
0.71%*
|
13.43%
|
6.80%
|
4.85%
|
Allocation
|
Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital
Appreciation Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
|
0.76%*
|
16.50%
|
9.01%
|
6.20%
|
Allocation
|
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Conservative Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
|
0.62%*
|
8.98%
|
3.64%
|
2.93%
|
Allocation
|
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Moderate Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
|
0.73%*
|
15.02%
|
8.04%
|
5.62%
|
Allocation
|
Nationwide Variable Insurance Trust - NVIT Blueprint(SM)
Moderately Aggressive Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
|
0.80%*
|
18.10%
|
10.26%
|
6.84%
|
Fixed Income
|
Nationwide Variable Insurance Trust - NVIT Bond Index Fund:
Class I
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: BlackRock Investment Management, LLC
|
0.38%
|
5.19%
|
0.72%
|
1.45%
|
Fixed Income
|
Nationwide Variable Insurance Trust - NVIT Government Money
Market Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Federated Investment Management Company
|
0.47%
|
4.75%
|
1.60%
|
0.98%
|
Equity
|
Nationwide Variable Insurance Trust - NVIT International Index
Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: BlackRock Investment Management, LLC
|
0.46%
|
17.58%
|
7.90%
|
4.02%
|
Fixed Income
|
Nationwide Variable Insurance Trust - NVIT iShares® Fixed
Income ETF Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: BlackRock Investment Management, LLC
|
0.72%*
|
5.22%
|
||
Equity
|
Nationwide Variable Insurance Trust - NVIT iShares® Global
Equity ETF Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: BlackRock Investment Management, LLC
|
0.73%*
|
20.48%
|
||
Equity
|
Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S.
Equity Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: J.P. Morgan Investment Management Inc.
|
0.94%*
|
26.73%
|
||
Equity
|
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund:
Class I
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: BlackRock Investment Management, LLC
|
0.41%
|
16.06%
|
12.16%
|
8.86%
|
Type
|
Underlying Mutual Fund and Adviser/
Subadviser
|
Current
Expenses
|
Average Annual Total Returns
(as of 12/31/2023)
|
||
1 year
|
5 year
|
10 year
|
|||
Equity
|
Nationwide Variable Insurance Trust - NVIT S&P 500® Index
Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: BlackRock Investment Management, LLC
|
0.25%*
|
25.96%
|
15.41%
|
11.76%
|
Equity
|
Nationwide Variable Insurance Trust - NVIT Small Cap Index
Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: BlackRock Investment Management, LLC
|
0.60%*
|
16.35%
|
9.45%
|
6.69%
|
Allocation
|
Northern Lights Variable Trust - TOPS® Aggressive Growth ETF
Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-Advisor: Milliman Financial Risk Management, LLC
|
0.54%
|
17.37%
|
10.55%
|
7.42%
|
Allocation
|
Northern Lights Variable Trust - TOPS® Balanced ETF Portfolio:
Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-Advisor: Milliman Financial Risk Management, LLC
|
0.55%
|
11.39%
|
6.39%
|
4.51%
|
Allocation
|
Northern Lights Variable Trust - TOPS® Conservative ETF
Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-Advisor: Milliman Financial Risk Management, LLC
|
0.56%
|
9.19%
|
4.84%
|
3.37%
|
Allocation
|
Northern Lights Variable Trust - TOPS® Growth ETF Portfolio:
Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-Advisor: Milliman Financial Risk Management, LLC
|
0.54%
|
16.09%
|
9.48%
|
6.54%
|
Allocation
|
Northern Lights Variable Trust - TOPS® Moderate Growth ETF
Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-Advisor: Milliman Financial Risk Management, LLC
|
0.54%
|
13.47%
|
7.96%
|
5.58%
|
Equity
|
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences
Portfolio
Investment Advisor: T. Rowe Price Associates, Inc.
|
0.86%
|
2.96%
|
11.24%
|
11.30%
|