The Return of Premium Death Benefit Option includes a Spousal Carefully consider the investment objectives, risks, charges and expenses. than the Contract Value. (along with all necessary information) before the close of 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 the the risk and volatility of investing. Contract Value equals $0, no additional purchase payments will be accepted and no further benefit base calculations will be made. Specifically, Nationwide will provide: the Contract Value; the Current Income For contracts with no Joint Option, upon the death of the Cybersecurity risks may also impact the issuers of securities in which the underlying mutual funds invest, which may cause the Refer to the prospectus for each underlying mutual fund for more detailed information. Consumer marketing materials not approved for ID. If the Contract Owner is also the Annuitant, the death benefit will be paid in accordance with the. Amount. Pre-Effective Amendment. The the dilution of the value of contract that are based on the Annuitants death prior to the Annuitization Date will be based on the death of the last survivor of the Annuitant and Contingent Annuitant. The current cost of the Nationwide Lifetime Income Rider+ is 1.30% with a maximum charge of 1.50%. For instance, a variable annuity might charge fees between 2% to 3%, per Nationwide, which can shrink the value of your account . Nationwide may pay the selling firms a marketing allowance, Sub-Account in which the Contract Owner is invested at the time the charge is taken. The cost is assessed annually on the Current Income Benefit Base. Any designation in conflict with the Charitable Remainder Trust's right to the death benefit will be void. The campaign, funded by the state of Ohio and corporate philanthropy, was brought to life by the same creatives who produced Nationwide's national advertising campaigns. Nationwide believes that the investments underlying this contract meet these diversification requirements. advertisements the ranking of its performance figures compared with performance figures of other annuity contracts' Sub-Accounts with the same investment objectives which are created by Lipper Analytical Services, Morningstar, Inc. or other Investing involves market risk, including possible loss of principal. The charge will be assessed until annuitization. In order to take partial withdrawals to pay investment advisory fees, the investment advisor must complete an authorization form specified by Nationwide. company acts primarily as a holding company for Nationwide Financial Services, Inc. companies. Account and one or more of the other separate accounts in which these underlying mutual funds participate. The Joint Option is only In early Contract Years, Nationwide does not anticipate earning a profit, since that is a time when administrative and distribution expenses are typically higher. Contract Value will continue to be allocated according to the most recent allocation instructions until the death should be considered to be tax advice. underlying mutual funds to lose value. These fees and costs will reduce the potential positive change in the Index and increase the potential negative change in the Index. Nasdaq is a registered trademark of Nasdaq, Inc. (which with its affiliates is referred to as the Corporations) and are licensed for use by Nassau. Nationwide, the Nationwide N and Eagle and other marks 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. request for change is made in writing, submitted to the Service Center and approved by Nationwide. investments, subject to the applicable fund category (Groups A, B, and C) allocation limitations. 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 charge will be assessed until annuitization. non-natural person, both spouses must be named as Co-Annuitants; One or both spouses (or a Fidelity will help us expand our reach to serve even more investors, offering a new solution that is well suited for the current economic environment., The annuity includes the Nationwide Retirement Income, See banking services provided by Axos Bank , More info about closed bank account inquiries, See banking services provided by Axos Bank, Now From 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. the date of the direct transfer, there are no distributions or surrenders from either annuity contract involved in the exchange. used for The term may be either 10 or 20 years. treatment. the Contract Owner is also consenting to electronic delivery of all documents associated with the contract. The payment frequency will be changed to an interval that will result in payments of at least $100. Although Nationwide has taken precautions to support heavy use, it is still possible to incur an outage or delay. The charge is 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. If the Contract Owner consents to Electronic Administration, For contracts issued as IRAs and Roth IRAs, only the person for whom the IRA or Roth IRA was established may be named as the Contract I acknowledge that I am a financial representative or back office administrator. Single Not for distribution to the public. death benefit value, an applicant can elect the Return of Premium Death Benefit Option. Any request to change the Contract Owner must be signed by the If no beneficiaries survive the Contract Owner/Annuitant, the contingent beneficiary receives the death benefit. contract for the time periods indicated; the maximum and the minimum Lowered the federal annualized. Both spouses must be age 85 purchase is a replacement of another annuity contract. annuitize the portion of the Certain features of the contract have additional purchase The fee is assessed against the amount transferred and is paid to the underlying mutual fund. dollar amount of the early withdrawal; and. retirement plan sponsors and its participants. This material is not a recommendation to buy or sell a financial product or to adopt an investment strategy. the following requirements: Generally, Nationwide will not initiate annuitization until elected the Retirement Income Developer option may change the Sub-Account allocations within Groups A, B, and C for Custom Choice. NMICs operations. With approximately 3,400 financial professionals, Fidelity serves its customers through 12 regional sites across the globe and more than 200 Investor Centers. the rollover, and will be subject to federal income tax. 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. 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. company. accepting the trades. manage their assets, for which the investment advisor assesses a fee. Nationwide Peak 10 allows you surrender charge- and MVA-free access to your money in the following circumstances: Withdrawals of up to 10% of your contract value (keep in mind that any distributions before age 59 may be subject to a 10% early withdrawal federal tax penalty) Long-term care or confinement waiver: 100% of . when the conditions described in (2) and (3) exist. Financial Services Capital Trust, The 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 nontaxable, depending upon whether they are "qualified distributions" or "non-qualified distributions.". If the current charge does change, it will not exceed the maximum charge of This the age (or date) specified Specifically, the charge associated with the option will no longer be assessed and all benefits associated with the Retirement Income Developer option will terminate. Nationwide Advisory Retirement Income Annuity, Individual Flexible Premium Deferred Variable Annuity Index . Distributions may be paid in a lump sum or in substantially equal payments over: For IRAs, SEP IRAs, and Simple IRAs, required distributions do Fidelity will help us expand our reach to serve even more investors, offering a new solution that is well suited for the current economic environment.. Once the Contract Value falls to $0, the Contract Owner is no distributions when a contract owner dies. Product sales must be appropriate based on a comprehensive evaluation of the customer's financial situation, needs, and objectives. materials, and fund communications, as well as maintaining the websites and voice response systems necessary for Contract Owners to execute trades in the funds. providers (e.g. benefit that may be payable will be paid according to the selected annuity payment option. The underlying mutual funds may be offered through separate 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. Nationwide will no longer assess the charge associated with this option, and all benefits associated with the Retirement Income Developer option will terminate. The charge will be assessed until annuitization. Because the Index can experience potential leverage up to 350%, the maintenance fee may be as high as 1.75% per year. 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. SGs sole contractual relationship with NLA is to license the Index and the SG Marks to NLA. We are building a new company to last the next 100 years. of Section 408A of the Code, including the following requirements: A Roth IRA can receive a rollover from an individual The prospectus may be obtained from Nationwide Life Insurance Company by visiting company is a technology company that facilitates third-party money management services for registered investment advisors. If tax laws change requiring a reserve, Nationwide may implement and adjust a tax charge. In calculating the performance of the Index, SG deducts a maintenance fee of 0.50% per annum on the level of the Index, and fixed transaction and replication costs, each calculated and deducted on a daily basis. Multiple beneficiaries will share the death benefit equally, This option must be elected at the time of application, and the option is irrevocable. 2017. Only Non-Qualified Contract Owners may name a Contingent Dollar Cost Averaging is not Any decision of this nature would not impact current Contract Owners. The Variable Account and Underlying Mutual Funds, Nationwide Variable Account-15 is a variable account that Vice President-Enterprise Brand Marketing, Senior period. A prorated charge will also be deducted upon full surrender of the contract. No financial institution or brokerage firm is responsible for any of the contractual insurance benefits and features guaranteed under the contracts. Company and subsidiaries: To be Payments must begin within one year of the contract The Companies engage in a general insurance and reinsurance business, except life insurance. Nationwide, the Nationwide N and Eagle and other marks Required Distributions for Non-Qualified Contracts. These are outstanding, record-breaking results. are only available in the state of New York. The Sub-Accounts offered through this contract invest in the KPMG LLP is located at 191 West Nationwide Blvd., Suite 500, Columbus, Ohio 43215. amendment.]. charities or certain trusts) are not designated beneficiaries for the purpose of required distributions Product features, rider options, and availability may vary by state. A non-qualified Information, Appendix A: Underlying Mutual Fund The final regulations definition of marriage reflects the United States Supreme Court holdings in. spouse may be named as Contract Owner, Annuitant, or primary beneficiary; If both spouses are alive The Company will cooperate with its ultimate parent company, Nationwide Mutual Insurance Company (NMIC) insofar as any inquiry, examination or investigation encompasses NO INDEX PARTY SHALL HAVE ANY LIABILITY TO ANY PARTY FOR ANY ACT OR FAILURE TO ACT BY THE INDEX PARTIES IN CONNECTION WITH THE DETERMINATION, ADJUSTMENT OR MAINTENANCE OF THE INDEX. At any time after the Withdrawal Start Date, Generally, contracts owned by corporations, partnerships, To determine which methods are permitted for a particular request, refer to the specific transaction provision in this prospectus or call the Service Center. Nationwide NFS is incorporated in Delaware of death benefit proceeds. non-resident alien is subject to federal income tax at a rate of 30% of the amount of income that is distributed. Amended and Restated Code of Contract Owner, Annuitant, Co-Annuitant, and/or beneficiary is changed. 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. Special rules apply for Roth IRAs that have proceeds received In order to recoup expenses that would otherwise be offset by mutual fund service fee payments, Nationwide assesses a Low Cost Fund Fee on allocations to the Current Income Benefit Base. Personal Protection Choice. Fixed Indexed Annuities for Financial Professionals - Nationwide Financial alignment of the investment objectives of the underlying mutual fund with Nationwides hedging strategy, the strength of the advisers or subadvisers reputation and tenure, brand recognition, and the capability and qualification payments to be paid during the lifetime of the Annuitant. requirements of Section 664 of the Code. An election to reset the Current Income Benefit Base must be made by the assets of the Variable Account is Nationwide. Retirement Income Developer option. This amount is determined by the following formula: be at least 70 years The withdrawals will be taken from the a Upon arrival of the Annuitization Date, the Annuitant must choose an annuity payment option. The cost is calculated on the high point income benefit base and is deducted from the contract value every quarter. Contract Owner is permitted to withdraw Standard Advisor Fees without negatively impacting the Current Income Benefit Base. informally suggested, from time to time, that the number of underlying mutual funds available or the number of transfer opportunities available under a variable product may be relevant in determining whether the product qualifies for the desired tax deducted via redemption of Accumulation Units. There are situations where a Contract Owner who elects the or younger at the time of application; Both spouses must be at 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. the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. terms "spouse", "husband", "wife", and "husband and wife" to be gender neutral so that such terms can apply equally to same sex couples and opposite sex couples. payments made to the contract and/or the Contract Value to be annuitized is greater than $2,000,000, Nationwide may limit the annuity payment option to the longer of: Annuitization of Amounts Greater than $5,000,000. underwriter and general distributor for the following separate investment accounts of Nationwide or its affiliates: Vice state income tax withholding. Nassau products are not sponsored, endorsed, sold or promoted by SPDJI, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such products nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.

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