Form 497VPI JEFFERSON NATIONAL LIFE
Supplement dated May 29,
2025
to the following initial summary prospectus(es):
to the following initial summary prospectus(es):
Monument Advisor, Monument Advisor Select, Monument Advisor NY and Monument Advisor
Select NY dated May 1, 2025
| This supplement updates certain information contained in your initial summary prospectus. Please read and
retain this supplement for future reference. |
1. The following underlying mutual fund is offered as an investment
option under the contract.
Effective June 18, 2025, the name of the investment option is updated as indicated below:
| CURRENT NAME |
UPDATED NAME |
| Nationwide Variable Insurance Trust - NVIT Calvert Equity Fund:
Class I |
Nationwide Variable Insurance Trust - NVIT GQG US Quality Equity Fund: Class I |
2. Effective on June 20, 2025, the following underlying mutual fund is added as an investment option under the contract.
•
Nationwide Variable Insurance Trust - NVIT Fidelity Institutional AM(R) Emerging Markets Fund:
Class I
Accordingly, Appendix is amended to add the following:
| Type |
Underlying Mutual Fund and Adviser/
Subadviser |
Current
Expenses |
Low Cost
Fund Platform
Fee1 |
Current
Expenses +
Low Cost
Fund Platform
Fee |
Average Annual
Total Returns
(as of 12/31/2024) | ||
| 1
year |
5
year |
10
year | |||||
| Equity |
Nationwide Variable Insurance Trust - NVIT Fidelity
Institutional AM® Emerging Markets Fund: Class
I Investment Advisor: Nationwide Fund Advisors Investment Sub-Advisor: FIAM LLC |
1.18%* |
0.00% |
1.18% |
6.28% |
-2.63% |
1.30% |
*
This underlying mutual fund’s current expenses reflect a temporary fee reduction.
1
Reflects the current Low Cost Fund Platform Fee. The maximum Low Cost Fund Platform Fee
applicable for any Sub-account is 0.35%. For Contracts issued between May 1, 2007 and December 29, 2013, and which have not elected the Low Cost Fund Platform Fee Endorsement, the Company imposes a Transaction Fee.
3. Effective June 20, 2025, the following underlying mutual fund is no longer available
to receive transfers or purchase payments.
•
Nationwide Variable Insurance Trust - NVIT Fidelity Institutional AM(R) Emerging Markets Fund:
Class II
ISP-0856
1
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