Form 497VPI NATIONWIDE VARIABLE ACCO
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E-mailSupplement dated
December 13, 2024
to the following initial summary prospectus(es):
to the following initial summary prospectus(es):
Nationwide O Series dated May 1, 2024
| This supplement updates certain information contained in your initial summary prospectus. Please read and
retain this supplement for future reference. |
For applications signed on or after February 7, 2025, Nationwide is
updating the Group A and Group B allocation limitations and the Sub-Accounts that comprise Groups A and B under the Custom Choice Asset Rebalancing Service for Contract Owners that elect the Nationwide Lifetime Income Rider Plus Core optional benefit.
Accordingly, the following changes apply to the initial summary prospectus:
The
Custom Asset Rebalancing Service Investment Options section under Appendix: Underlying Mutual Funds Available Under the Contract is deleted in its entirety and replaced with the following:
Custom Choice Asset Rebalancing Service Investment Options
Contract Owners who elect to participate in the Custom Choice Asset Rebalancing Service are limited to only the investment
options shown below. Allocations must meet the required minimum and maximum thresholds within each group. These tables disclose only the Sub-Accounts that currently comprise Groups
A and B, and the current allocation limitations.
For applications signed on or after February 7, 2025:
| |
Nationwide Lifetime Income Rider Plus Core Option |
| Group A |
30% - 100% |
| Group B |
0% - 70% |
| Total |
100% |
The following table indicates the investment options (designated with an "X") that are available in each
group:
| Underlying Mutual Fund |
Group A |
Group B |
| AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Discovery Value
Portfolio: Class B |
|
X |
| American Funds Insurance Series® - New World Fund®: Class 4
|
|
X |
| American Funds Insurance Series® - U.S. Government Securities Fund: Class
4 |
X |
|
| American Funds Insurance Series® - Washington Mutual Investors Fund: Class
4 |
|
X |
| BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class
III |
|
X |
| BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class
III |
X |
|
| BlackRock Variable Series Funds, Inc. - BlackRock 60/40 Target Allocation ETF V.I.
Fund: Class III |
|
X |
| BlackRock Variable Series Funds, Inc. - BlackRock Capital Appreciation V.I. Fund:
Class III |
|
X |
| BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class
III |
|
X |
| Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - High Yield
Bond Fund: Class 2 |
|
X |
| Delaware VIP Trust - Macquarie VIP Small Cap Value Series: Service Class (formerly,
Delaware VIP Trust - Delaware VIP Small Cap Value Series: Service
Class) |
|
X |
| Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class
2 |
|
X |
| Fidelity Variable Insurance Products Fund - VIP Contrafund® Portfolio: Service
Class 2 |
|
X |
| Fidelity Variable Insurance Products Fund - VIP Disciplined Small Cap Portfolio:
Service Class 2 |
|
X |
| Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service
Class 2 |
|
X |
| Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio:
Service Class 2 |
|
X |
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| Underlying Mutual Fund |
Group A |
Group B |
| Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class
2 |
|
X |
| Fidelity Variable Insurance Products Fund - VIP International Capital Appreciation
Portfolio: Service Class 2 |
|
X |
| Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio:
Service Class 2 |
X |
|
| Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class
2 |
|
X |
| Fidelity Variable Insurance Products Fund - VIP Strategic Income Portfolio: Service
Class 2 |
X |
|
| Fidelity Variable Insurance Products Fund - VIP Value Portfolio: Service Class
2 |
|
X |
| Invesco - Invesco V.I. Core Plus Bond Fund: Series II Shares |
X |
|
| Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series II |
|
X |
| Invesco - Invesco V.I. Diversified Dividend Fund: Series II Shares
|
|
X |
| Invesco - Invesco V.I. Global Fund: Series II |
|
X |
| Invesco - Invesco V.I. High Yield Fund: Series II Shares |
|
X |
| Invesco - Invesco V.I. Main Street Small Cap Fund: Series II |
|
X |
| Ivy Variable Insurance Portfolios - Macquarie VIP Mid Cap Growth Series: Service
Class (formerly, Ivy Variable Insurance Portfolios - Delaware Ivy Mid
Cap Growth: Class II) |
|
X |
| Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service
Shares |
X |
|
| Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC |
X |
|
| MFS® Variable Insurance Trust - MFS Growth Series: Service Class
|
|
X |
| MFS® Variable Insurance Trust - MFS Mid Cap Growth Series: Service
Class |
|
X |
| MFS® Variable Insurance Trust - MFS New Discovery Series: Service
Class |
|
X |
| MFS® Variable Insurance Trust - MFS Value Series: Service Class
|
|
X |
| MFS® Variable Insurance Trust II - MFS Corporate Bond Portfolio: Service
Class |
X |
|
| MFS® Variable Insurance Trust II - MFS Income Portfolio: Service
Class |
|
X |
| MFS® Variable Insurance Trust II - MFS Research International Portfolio:
Service Class |
|
X |
| MFS® Variable Insurance Trust III - MFS Limited Maturity Portfolio: Service
Class |
X |
|
| MFS® Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service
Class |
|
X |
| Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund:
Class II |
|
X |
| Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class
II |
X |
|
| Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund:
Class II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund:
Class II |
|
X |
| Nationwide Variable Insurance Trust - NVIT BNY Mellon Core Plus Bond Fund: Class
P |
X |
|
| Nationwide Variable Insurance Trust - NVIT Calvert Equity Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class
Z |
|
X |
| Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class
I |
|
X |
| Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class
I |
X |
|
| Nationwide Variable Insurance Trust - NVIT International Index Fund: Class
VIII |
|
X |
| Nationwide Variable Insurance Trust - NVIT Invesco Small Cap Growth Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund:
Class II |
X |
|
| Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund:
Class II |
|
X |
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| Underlying Mutual Fund |
Group A |
Group B |
| Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I
|
|
X |
| Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT NS Partners International Focused Growth
Fund: Class II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II
|
|
X |
| Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Victory Mid Cap Value Fund: Class
II |
|
X |
| PIMCO Variable Insurance Trust - Income Portfolio: Advisor Class |
X |
|
| PIMCO Variable Insurance Trust - Real Return Portfolio: Advisor Class
|
|
X |
| PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class
|
X |
|
| Putnam Variable Trust - Putnam VT International Equity Fund: Class IB
|
|
X |
| Putnam Variable Trust - Putnam VT International Value Fund: Class IB
|
|
X |
| Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB |
|
X |
For applications signed before February 7, 2025:
| |
Nationwide Lifetime Income Rider Plus Core Option |
| Group A |
40% - 100% |
| Group B |
0% - 60% |
| Total |
100% |
The following table indicates the investment options (designated with an "X") that are available in each
group:
| Underlying Mutual Fund |
Group A |
Group B |
| AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Discovery Value
Portfolio: Class B |
|
X |
| American Funds Insurance Series® - New World Fund®: Class 4
|
|
X |
| American Funds Insurance Series® - U.S. Government Securities Fund: Class
4 |
X |
|
| American Funds Insurance Series® - Washington Mutual Investors Fund: Class
4 |
|
X |
| BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class
III |
|
X |
| BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class
III |
X |
|
| BlackRock Variable Series Funds, Inc. - BlackRock 60/40 Target Allocation ETF V.I.
Fund: Class III |
|
X |
| BlackRock Variable Series Funds, Inc. - BlackRock Capital Appreciation V.I. Fund:
Class III |
|
X |
| BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class
III |
|
X |
| Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - High Yield
Bond Fund: Class 2 |
|
X |
| Delaware VIP Trust - Macquarie VIP Small Cap Value Series: Service Class (formerly,
Delaware VIP Trust - Delaware VIP Small Cap Value Series: Service
Class) |
|
X |
| Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial
Class |
X |
|
| Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class
2 |
|
X |
| Fidelity Variable Insurance Products Fund - VIP Contrafund® Portfolio: Service
Class 2 |
|
X |
| Fidelity Variable Insurance Products Fund - VIP Disciplined Small Cap Portfolio:
Service Class 2 |
|
X |
| Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service
Class 2 |
|
X |
| Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio:
Service Class 2 |
|
X |
| Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class
2 |
|
X |
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| Underlying Mutual Fund |
Group A |
Group B |
| Fidelity Variable Insurance Products Fund - VIP International Capital Appreciation
Portfolio: Service Class 2 |
|
X |
| Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio:
Service Class 2 |
X |
|
| Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class
2 |
|
X |
| Fidelity Variable Insurance Products Fund - VIP Strategic Income Portfolio: Service
Class 2 |
X |
|
| Fidelity Variable Insurance Products Fund - VIP Value Portfolio: Service Class
2 |
|
X |
| Invesco - Invesco V.I. Core Plus Bond Fund: Series II Shares |
X |
|
| Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series II |
|
X |
| Invesco - Invesco V.I. Diversified Dividend Fund: Series II Shares
|
|
X |
| Invesco - Invesco V.I. Global Fund: Series II |
|
X |
| Invesco - Invesco V.I. High Yield Fund: Series II Shares |
|
X |
| Invesco - Invesco V.I. Main Street Small Cap Fund: Series II |
|
X |
| Ivy Variable Insurance Portfolios - Macquarie VIP Mid Cap Growth Series: Service
Class (formerly, Ivy Variable Insurance Portfolios - Delaware Ivy Mid
Cap Growth: Class II) |
|
X |
| Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service
Shares |
X |
|
| Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC |
X |
|
| MFS® Variable Insurance Trust - MFS Growth Series: Service Class
|
|
X |
| MFS® Variable Insurance Trust - MFS Mid Cap Growth Series: Service
Class |
|
X |
| MFS® Variable Insurance Trust - MFS New Discovery Series: Service
Class |
|
X |
| MFS® Variable Insurance Trust - MFS Value Series: Service Class
|
|
X |
| MFS® Variable Insurance Trust II - MFS Corporate Bond Portfolio: Service
Class |
X |
|
| MFS® Variable Insurance Trust II - MFS Income Portfolio: Service
Class |
|
X |
| MFS® Variable Insurance Trust II - MFS Research International Portfolio:
Service Class |
|
X |
| MFS® Variable Insurance Trust III - MFS Limited Maturity Portfolio: Service
Class |
X |
|
| MFS® Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service
Class |
|
X |
| Nationwide Variable Insurance Trust - NVIT Allspring Discovery Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund:
Class II |
|
X |
| Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class
II |
X |
|
| Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund:
Class II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund:
Class II |
|
X |
| Nationwide Variable Insurance Trust - NVIT BNY Mellon Core Plus Bond Fund: Class
P |
X |
|
| Nationwide Variable Insurance Trust - NVIT Calvert Equity Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class
Z |
|
X |
| Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II
|
X |
|
| Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class
I |
|
X |
| Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class
I |
X |
|
| Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class
I |
X |
|
| Nationwide Variable Insurance Trust - NVIT International Index Fund: Class
VIII |
|
X |
| Nationwide Variable Insurance Trust - NVIT Invesco Small Cap Growth Fund: Class
II |
|
X |
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| Underlying Mutual Fund |
Group A |
Group B |
| Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund:
Class II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital
Appreciation Fund: Class II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund:
Class II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately
Aggressive Fund: Class II |
|
X |
| Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund:
Class II |
X |
|
| Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund:
Class II |
|
X |
| Nationwide Variable Insurance Trust - NVIT J.P. Morgan U.S. Equity Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Loomis Short Term Bond Fund: Class
II |
X |
|
| Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I
|
|
X |
| Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT NS Partners International Focused Growth
Fund: Class II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II
|
|
X |
| Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class
II |
|
X |
| Nationwide Variable Insurance Trust - NVIT Victory Mid Cap Value Fund: Class
II |
|
X |
| PIMCO Variable Insurance Trust - Income Portfolio: Advisor Class |
X |
|
| PIMCO Variable Insurance Trust - Real Return Portfolio: Advisor Class
|
|
X |
| PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class
|
X |
|
| Putnam Variable Trust - Putnam VT International Equity Fund: Class IB
|
|
X |
| Putnam Variable Trust - Putnam VT International Value Fund: Class IB
|
|
X |
| Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB |
|
X |
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