Form 497VPI Nationwide VL Separate
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E-mailSupplement dated January
23, 2025
to the following initial summary prospectus(es):
to the following initial summary prospectus(es):
Nationwide Protector IVUL, Nationwide Protector IVUL - Series H, Nationwide Accumulator IVUL, Nationwide Accumulator IVUL - Series H and Nationwide Marathon VUL Ultra dated May 1,
2024
| This supplement updates certain information contained in your initial summary prospectus. Please read and
retain this supplement for future reference. |
At a meeting held on October 23, 2024, the Board of Trustees of
Nationwide Variable Insurance Trust, approved the merger of the NVIT BNY Mellon Core Plus Bond Fund: Class I (the "Target Fund") and the NVIT Core Bond Fund: Class I (the "Acquiring Fund," which effective on or about January 27, 2025, will be renamed the "NVIT Loomis Core Bond Fund"). The
merger will be effective on or about February 28, 2025 (the "Effective Date").
As of the Effective Date, the following changes apply to the policy:
•
the Target Fund will no longer be available to receive transfers or new purchase
payments;
•
the Target Fund will transfer all or substantially all of its assets to the Acquiring Fund in
exchange for shares of the Acquiring Fund; and
•
the Acquiring Fund will assume all liabilities of the Target Fund.
Accordingly, the
following changes apply to the prospectus:
(1)
Appendix is amended to add the following:
| Type |
Underlying Mutual Fund and Adviser/Subadviser |
Current
Expenses |
Average Annual Total
Returns
(as of 12/31/2023) | ||
| 1 year |
5 year |
10 year | |||
| Fixed Income |
NVIT Loomis Core Bond Fund: Class I
Investment Advisor: Nationwide Fund Advisors Sub-Advisor: Loomis, Sayles & Company, L.P. |
0.59%* |
5.19% |
0.70% |
1.69% |
*
This underlying mutual fund’s current expenses reflect a temporary fee reduction.
(2) All references in the prospectus to the Target Fund are deleted and
replaced with the Acquiring Fund.
ISP-0832
1
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