Nationwide VL Separate Account-G

05/02/2024 | Press release | Distributed by Public on 05/02/2024 05:48

Prospectus by Investment Company - Form 497

NA Advisory VUL (333-253123)
Supplement dated May 2, 2024
to the following statutory prospectus(es):
Nationwide Advisory VUL dated May 1, 2024
This supplement updates certain information contained in your statutory prospectus. Please read and retain
this supplement for future reference.
At a meeting held on March 25-28, 2024, the Board of Trustees of the John Hancock Variable Insurance Trust approved the following with respect to the John Hancock Variable Insurance Trust - Emerging Markets Value Trust (the "Fund"), effective on or about May 29, 2024 (the "Effective Date"): (i) changes to the Fund's sub-advisory arrangements such that Boston Partners Global Investors, Inc. will be the sole subadvisor to the Fund, (ii) a reduction in the Fund's management fee schedule, and (iii) a change to the Fund's name.
Accordingly, as of the Effective Date the statutory prospectus is amended as follows:
1. The following underlying mutual fund is offered as an investment option under the policy. The name of the investment option is updated as indicated below:
CURRENT NAME
UPDATED NAME
John Hancock Variable Insurance Trust - Emerging Markets
Value Trust: Series II
John Hancock Variable Insurance Trust - Disciplined Value
Emerging Markets Equity Trust: Series II
2. Appendix A: Underlying Mutual Funds Available Under the Policyis amended and restated as follows:
Type
Underlying Mutual Fund and Adviser/
Subadviser
Current
Expenses
Low Cost
Sub-Account
Fee1
Current
Expenses +
Low Cost
Sub-Account
Fee
Average Annual
Total Returns
(as of 12/31/2023)
1
year
5
year
10
year
Equity
John Hancock Variable Insurance Trust - Disciplined
Value Emerging Markets Equity Trust: Series II
(formerly, John Hancock Variable Insurance Trust -
Emerging Markets Value Trust: Series II)
Investment Advisor: John Hancock Variable Trust
Advisers LLC
Sub-Advisor: Boston Partners Global Investors, Inc.
1.23%*
0.10%
1.33%
14.85%
5.17%
2.81%
*
This underlying mutual fund's current expenses reflect a temporary fee reduction.
1
Reflects the current Low Cost Sub-Account Fee. The maximum Low Cost Sub-Account Fee applicable for any Sub-Account is 1.00%.
PROS-0853
1