Form 497VPI NATIONWIDE VARIABLE ACCO

April 27, 2026 1:09 PM EDT
J.P. Morgan Multi-Asset ChoiceSM New York
Individual Flexible Premium Deferred Variable Annuity Contracts
Issued by
Nationwide Life Insurance Company
through its
Nationwide Variable Account-4
Summary Prospectus for New Investors
May 1, 2026
The contracts described in this prospectus are only available in the state of New York.
This summary prospectus summarizes key features of the contract.
Before you invest, you should also review the statutory prospectus for the contract, which contains more information about the contract’s features, benefits, and risks. You can find this document and other information about the contract online at https://nationwide.onlineprospectus.net/NW/C000222213NW/index.php?ctype=product_prospectus. You can also obtain this information at no cost by calling 1-800-848-6331 or by sending an email request to [email protected].
Variable annuities are complex investment products and involve risks, including the potential loss of principal. The contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals under the contract could result in taxes and tax penalties.
In order to purchase this contract, the purchaser must be an advisory client of J.P. Morgan Securities LLC or its affiliates ("JPMS") and pay a fee to JPMS for advisory services. JPMS is not endorsed by or affiliated with Nationwide. Nationwide is not responsible for the advisory services or advice provided by JPMS to Contract Owners. Once issued, the contract will operate as described herein regardless of whether the Contract Owner continues to employ the services of JPMS as an investment adviser.
Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract and decide if they want to keep it or cancel it. This right is referred to as a "free look" right. The free look period is 10 days, unless the contract is purchased as a replacement for another annuity contract, in which case it is 60 days. For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date. Nationwide will also honor any free look cancellation for replacement annuity contracts that are received at the Service Center or postmarked within 60 days after the contract issue date (see Right to Examine and Cancel and Service Requests in the statutory prospectus).
If the Contract Owner elects to cancel the contract pursuant to the free look provision, Nationwide will return the Contract Value, less any withdrawals from the contract, and applicable federal and state income tax withholding (see Right to Examine and Cancel in the statutory prospectus).
All guarantees under the contract are subject to Nationwide’s creditworthiness and claims-paying ability.
You should review the statutory prospectus, or consult with your financial professional, for additional information about the specific cancellation terms that apply.
Additional information about certain investment products, including variable annuities, has been prepared by the SEC’s staff and is available at Investor.gov.
This contract is available through third-party financial intermediaries who charge an investment advisory fee for their services, and these fees are in addition to contract fees and expenses described in this prospectus. If the Contract Owner elects to pay the investment advisory fees from the Contract Value, this may reduce the death benefit and other benefits under the contract, may be subject to federal and state income taxes, and may be subject to a 10% federal tax penalty.
Glossary of Special Terms 
Accumulation Unit – An accounting unit of measure used to calculate the Contract Value allocated to the Variable
Account before the Annuitization Date.
Annuitant – The person(s) whose length of life determines how long annuity payments are paid. The Annuitant must
be living on the date the contract is issued.
Annuitization Date – The date on which annuity payments begin.
Charitable Remainder Trust – A trust meeting the requirements of Section 664 of the Internal Revenue Code.
Contract Owner(s) – The person(s) who owns all rights under the contract.
Contract Value – The value of all Accumulation Units in a contract plus any amount held in the Fixed Account.
Contract Year – Each year the contract is in force beginning with the date the contract is issued.
Daily Net Assets – A figure that is calculated at the end of each Valuation Date and represents the sum of all the
Contract Owners interests in the Sub-Accounts after the deduction of underlying mutual fund expenses.
Fixed Account – An investment option that is funded by Nationwide's General Account. Amounts allocated to the
Fixed Account will receive periodic interest subject to a guaranteed minimum crediting rate and it is only available if
the Contract Owner participates in the Dollar Cost Averaging program.
Nationwide – Nationwide Life Insurance Company.
Net Asset Value – The value of one share of an underlying mutual fund at the close of regular trading on the New
York Stock Exchange.
Non-Qualified Contract – A contract which does not qualify for favorable tax treatment as a qualified plan, individual
retirement account ("IRA"), Roth IRA, SEP IRA, Simple IRA, or Tax Sheltered Annuity.
Quarterly Contract Anniversary – Each recurring three-month anniversary of the date the contract was issued.
SEC – Securities and Exchange Commission.
Service Center – The department of Nationwide responsible for receiving all service and transaction requests relating
to the contract. For service and transaction requests submitted other than by telephone (including fax requests), the
Service Center is Nationwide's mail and document processing facility. For service and transaction requests
communicated by telephone or by electronic transmission, the Service Center is Nationwide's operations processing
facility. Information on how to contact the Service Center is in the Service Requests provision in the statutory
prospectus.
Sub-Accounts – Divisions of the Variable Account, each of which invests in a single underlying mutual fund.
Valuation Date – Each day the New York Stock Exchange is open for business or any other day during which there is
a sufficient degree of trading such that the current Net Asset Value of the underlying mutual fund shares might be
materially affected. Values of the Variable Account are determined as of the close of regular trading on the New
York Stock Exchange, which generally closes at 4:00 p.m. EST.
Valuation Period – The period of time commencing at the close of a Valuation Date and ending at the close of
regular trading on the New York Stock Exchange for the next succeeding Valuation Date.
Variable Account – Nationwide Variable Account-4, a separate account that Nationwide established to hold Contract
Owner assets allocated to variable investment options. The Variable Account is divided into Sub-Accounts, each of
which invests in a separate underlying mutual fund.
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Overview of the Contract
Purpose of the Contract
The contract is intended to be a long-term investment vehicle to assist investors in saving for and living in retirement. Nationwide has designed the contract to offer features, pricing, and investment options that encourage long-term ownership. The contract can help supplement retirement income through the annuitization feature, which provides a stream of periodic income payments. During the years leading up to those income payments, the Contract Owner manages his/her assets in the contract according to their specific goals and risk preferences by directing the allocation and reallocation among a variety of investment options. Contract growth is tax-deferred, meaning that gains in the contract are not taxable until withdrawn from the contract. Finally, in the event that the Annuitant dies before beginning income payments, the contract offers a death benefit.
Prospective purchasers should consult with an investment adviser or financial professional to determine whether this contract is appropriate for them, taking into consideration their particular needs, including investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and other personal characteristics. Generally speaking, this contract is intended to provide benefits to a single individual and his/her beneficiaries. The contract is not intended to be used by institutional investors, in connection with other Nationwide contracts that have the same Annuitant, or in connection with other Nationwide contracts that have different Annuitants but the same Contract Owner. It is not intended to be sold to a terminally ill Contract Owner or Annuitant.
If the Contract Owner elects to pay the investment advisory fees from the Contract Value, this may reduce the death benefit and other benefits under the contract, may be subject to federal and state income taxes, and may be subject to a 10% federal tax penalty (see Charges and Adjustments, Surrender/Withdrawal Prior to Annuitization, and Appendix B: Contract Types and Tax Information in the statutory prospectus).
Phases of the Contract
The contract exists in two separate phases: accumulation (savings) and annuitization (income). During the accumulation phase, the contract offers a variety of investment options to which the Contract Owner can allocate and reallocate his/her Contract Value. The investment options available under the contract consist of Sub-Accounts that invest in underlying mutual funds, which offer a variable rate of return, and a Fixed Account when participating in the Dollar Cost Averaging program, which offers a fixed rate of return. Additional information about the underlying mutual funds is available in Appendix: Investment Options Available Under the Contract.
During the annuitization phase, Nationwide makes periodic income payments to the Annuitant. At the time of annuitization, the Contract Owner elects the duration of the annuity payments – either for a fixed period of time or for the duration of the Annuitant’s (and possibly the Annuitant’s spouse’s) life. Annuity payments are fixed, meaning each annuity payment will be the same amount. After annuitization begins, the only value associated with the contract is the stream of annuity payments; unless otherwise specified in the annuity option, amounts cannot be withdrawn from the contract over and above the annuity payments. Additionally, once annuitization has begun, there is no death benefit, which means that upon the death of the Annuitant (and the Annuitant’s spouse if a joint annuity option was elected), all payments stop and the contract terminates, unless the particular annuitization option provides otherwise.
Contract Features
Investment Options. Contract Owners can allocate Contract Value to Sub-Accounts that invest in underlying mutual funds, and can allocate the initial purchase payment to the Fixed Account when participating in the Dollar Cost Averaging program. Contract Owners can reallocate those assets at their discretion, subject to certain restrictions.
Deposits to the Contract. Contract Owners can apply additional purchase payments to the contract until the Annuitization Date, subject to certain restrictions.
Withdrawals from the Contract. Contract Owners can withdraw some or all of their Contract Value at any time prior to annuitization, subject to certain restrictions. After annuitization, withdrawals other than annuity payments are not permitted.
Death Benefit. During the accumulation phase, the contract contains a standard death benefit (Contract Value) at no additional charge.
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Annuity Payments. On the Annuitization Date, Nationwide will make annuity payments based on the annuity payment option chosen prior to annuitization.
Tax Deferral. Contract Owners will not be taxed on any earnings on the assets in the contract until such earnings are distributed from the contract. How each contract’s distributions are taxed depends on the type of contract issued (see Appendix B: Contract Types and Tax Information in the statutory prospectus).
Cancellation of the Contract. Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract and decide if they want to keep it or cancel it. Nationwide will honor any free look cancellation request that is in good order and received at the Service Center or postmarked within 30 days after the contract issue date (see Right to Examine and Cancel and Service Requests in the statutory prospectus).
Contract Owner Services. The contract offers several services at no additional charge to assist Contract Owners in managing their contract, including:
•
Asset Allocation Service
•
Asset Rebalancing Program
•
Dollar Cost Averaging
•
Systematic Withdrawals
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Important Information You Should Consider About the Contract 
FEES, EXPENSES, AND ADJUSTMENTS
(see Additional Information About Fees later in this summary prospectus and Charges and Adjustments in the statutory
prospectus)
Are There Charges or
Adjustments for Early
Withdrawals?
No.
Are There Ongoing Fees
and Expenses?
Yes. The table below describes the fees and expenses that you may pay each year,
depending on the investment options and optional benefits chosen. Please refer to your
contract specifications page for information about the specific fees you will pay each year
based on the options you have elected. The fees and expenses do not reflect any
investment advisory fees paid to financial professionals from Contract Value or other
assets you own; if those charges were reflected, the fees and expenses would be higher.
Annual Fee
Minimum
Maximum
Base Contract
0.30%1
0.35%1
Underlying mutual fund fees and expenses
0.03%2
3.23%2
1 As a percentage of Daily Net Assets.
2 As a percentage of underlying mutual fund net assets.
Because each contract is customizable, the options elected affect how much each
Contract Owner will pay. To help you understand the cost of owning the contract, the
following table shows the lowest and highest cost a Contract Owner could pay each year,
based on current charges.
Lowest Annual Cost Estimate:
$373.57
Highest Annual Cost Estimate:
$3,055.02
Assumes:
● Investment of $100,000
● 5% annual appreciation
● Least expensive underlying mutual fund fees
and expenses
● No additional purchase payments, transfers or
withdrawals
● No investment advisory fees
Assumes:
● Investment of $100,000
● 5% annual appreciation
● Most expensive underlying mutual
fund fees and expenses
● No additional purchase payments,
transfers or withdrawals
● No investment advisory fees
 
RISKS
Is There a Risk of Loss
from Poor Performance?
Yes. Contract Owners of variable annuities can lose money by investing in the contract,
including loss of principal (see Principal Risks in the statutory prospectus).
Is this a Short-Term
Investment?
No. The contract is not a short-term investment and is not appropriate for an investor who
needs ready access to cash. Nationwide has designed the contract to offer features,
pricing, and investment options that encourage long-term ownership (see Principal Risks in
the statutory prospectus).
 
The benefit of tax deferral also means that the contract is more beneficial to investors with
a long time horizon (see Principal Risks in the statutory prospectus).
 
For amounts allocated to the Fixed Account at the end of an interest rate guarantee
period, such amounts will be reallocated among the contract's available investment options
in accordance with the Contract Owner’s reallocation instructions, subject to any applicable
limitations. In the absence of instructions, such amounts will remain invested in the Fixed
Account for another interest rate guarantee period at the applicable Renewal Rate (see
The Fixed Account and Transfers Prior to Annuitization in the statutory prospectus).
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RISKS
What Are the Risks
Associated with the
Investment Options?
● Investment in this contract is subject to the risk of poor investment performance.
Investment experience can vary depending on the investment options selected by the
Contract Owner.
● Each investment option (including the Fixed Account) has its own unique risks.
● Review the prospectuses and disclosures for the investment options before making an
investment decision.
See Principal Risks in the statutory prospectus.
What Are the Risks
Related to the Insurance
Company?
Investment in the contract is subject to the risks associated with Nationwide, including that
any obligations (including interest payable for allocations to the Fixed Account),
guarantees, or benefits are subject to the claims-paying ability of Nationwide. More
information about Nationwide, including its financial strength ratings, is available by
contacting Nationwide at the address and/or toll-free phone number indicated in Service
Requests (see Principal Risks in the statutory prospectus).
RESTRICTIONS
Are There Restrictions
on the Investment
Options?
Yes.
● Nationwide reserves the right to add, remove, and substitute investment options
available under the contract (see The Sub-Accounts and Underlying Mutual Funds in the
statutory prospectus).
● Allocation of subsequent purchase payments and transfers from another investment
option to the Fixed Account are not permitted (see The Fixed Account and Dollar Cost
Averaging).
● Allocations to the Fixed Account may not be transferred to another investment option
except for the purpose of Dollar Cost Averaging program (see The Fixed Account and
Dollar Cost Averaging in the statutory prospectus).
● Transfers between Sub-Accounts are subject to policies designed to deter short-term
and excessively frequent transfers. Nationwide may restrict the form in which transfer
requests will be accepted (see Transfer Restrictions in the statutory prospectus).
● The availability of investment options may vary depending on the broker-dealer through
which the contract is sold (see Appendix C: Financial Intermediary Variations in the
statutory prospectus).
Are There any
Restrictions on Contract
Benefits?
No.
● The availability of contract benefits may vary depending on the broker-dealer through
which the contract is sold (see Appendix C: Financial Intermediary Variations in the
statutory prospectus).
TAXES
What Are The Contract’s
Tax Implications?
● Consult with a tax professional to determine the tax implications of an investment in and
payments received under this contract.
● Earnings in the contract are taxed at ordinary income tax rates at the time of
withdrawals and there may be a tax penalty if withdrawals are taken before the Contract
Owner reaches age 59½.
See Appendix B: Contract Types and Tax Information in the statutory prospectus.
CONFLICTS OF INTEREST
How Are Investment
Professionals
Compensated?
Some investment advisers or financial professionals receive compensation for selling the
contract. Compensation can take the form of indirect compensation in that Nationwide may
share the revenue it earns on this contract with the investment adviser or financial
professional’s firm. This conflict of interest may influence an investment adviser or financial
professional, as these investment advisers or financial professionals may have a financial
incentive to offer or recommend this contract over another investment (see Distribution,
Promotional, and Sales Expenses in the statutory prospectus).
Should I Exchange My
Contract?
Some investment advisers or financial professionals may have a financial incentive to offer
an investor a new contract in place of the one he/she already owns. An investor should
only exchange his/her contract if he/she determines, after comparing the features, fees,
and risks of both contracts, and any fees or penalties to terminate the existing contract,
that it is preferable for him/her to purchase the new contract, rather than to continue to own
the existing one (see Replacements and Distribution, Promotional, and Sales Expenses in
the statutory prospectus).
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Benefits Under the Contract
The following table summarizes information about the benefits under the contract. The availability of contract benefits may vary depending on the broker-dealer through which the contract is sold (see Appendix C: Financial Intermediary Variations in the statutory prospectus).
Standard Benefits Table 
Name of Benefit
Purpose
Maximum
Fee
Brief Description of Restrictions/Limitations
Standard Death Benefit
Death benefit upon
death of Annuitant prior
to Annuitization
None
● Nationwide may limit purchase payments to
$1,000,000
Asset Allocation Service
(see Contract Owner
Services in the statutory
prospectus)
Automatic reallocation
and rebalancing of
assets based on
instructions from JPMS
adviser
None
● Assets in the Fixed Account are excluded from the
program
Asset Rebalancing
Program (see Contract
Owner Services in the
statutory prospectus)
Automatic reallocation
of assets on a
predetermined
percentage basis
None
● Assets in the Fixed Account are excluded from the
program
Dollar Cost Averaging
(see Contract Owner
Services in the statutory
prospectus)
Long-term transfer
program involving
automatic transfer of
assets
None
● Transfers are only permitted from the Fixed Account
● Only initial purchase payments to the contract are
eligible for the program
● Transfers may not be directed to the Fixed Account
Systematic Withdrawals
(see Contract Owner
Services in the statutory
prospectus)
Automatic withdrawals
of Contract Value on a
periodic basis
None
● Withdrawals must be at least $100 each
Buying the Contract
Minimum Initial and Subsequent Purchase Payments
All purchase payments must be paid in the currency of the United States of America. The minimum initial purchase payment is $50,000. A Contract Owner will meet the minimum initial purchase payment requirement if purchase payments equal to the required minimum are made over the course of the first Contract Year. The minimum subsequent purchase payment is $5,000.
Nationwide reserves the right to refuse any purchase payment that would result in the cumulative total for all contracts issued by Nationwide or its affiliates or subsidiaries on the life of any one Annuitant or owned by any one Contract Owner to exceed $1,000,000. Its decision as to whether or not to accept a purchase payment in excess of that amount will be based on one or more factors, including, but not limited to: age, spouse age (if applicable), Annuitant age, state of issue, total purchase payments, optional benefits elected, current market conditions, and current hedging costs. All such decisions will be based on internally established actuarial guidelines and will be applied in a non-discriminatory manner. In the event that Nationwide does not accept a purchase payment under these guidelines, the purchase payment will be immediately returned in its entirety in the same manner as it was received. If Nationwide accepts the purchase payment, it will be applied to the contract immediately and will receive the next calculated Accumulation Unit value. Any references in this prospectus to purchase payment amounts in excess of $1,000,000 are assumed to have been approved by Nationwide.
Subsequent purchase payments are not permitted to the Fixed Account. However, Nationwide will accept multiple payments made in connection with a Section 1035 exchange or transfer if they are part of the initial purchase payment specified at the time of the application.
 
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Nationwide prohibits subsequent purchase payments made after death of the Contract Owner(s), the Annuitant, or Co-Annuitant. If upon notification of death of the Contract Owner(s), the Annuitant, or Co-Annuitant, it is determined that death occurred prior to a subsequent purchase payment being made, Nationwide reserves the right to return the purchase payment.
Dollar Limit Restrictions
Certain features of the contract have additional purchase payment and/or Contract Value limitations associated with them:
Annuitization. Annuity payment options will be limited if the Contract Owner submits total purchase payments in excess of $2,000,000. Furthermore, if the amount to be annuitized is greater than $5,000,000, Nationwide may limit both the amount that can be annuitized on a single life and the annuity payment options (see Annuity Payment Options in the statutory prospectus).
Application of Purchase Payments
Initial Purchase Payments
Initial purchase payments will be priced at the Accumulation Unit value next determined no later than two business days after receipt of an order to purchase if the application and all necessary information are complete and are received at the Service Center before the close of regular trading on the New York Stock Exchange, which generally occurs at 4:00 p.m. EST. If the order is received after the close of regular trading on the New York Stock Exchange, the initial purchase payment will be priced within two business days after the next Valuation Date.
If an incomplete application is not completed within five business days after receipt at the Service Center, the prospective purchaser will be informed of the reason for the delay. The purchase payment will be returned unless the prospective purchaser specifically consents to allow Nationwide to hold the purchase payment until the application is completed.
Subsequent Purchase Payments
Any subsequent purchase payment received at the Service Center (along with all necessary information) before the close of regular trading on 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 a subsequent purchase payment is received at the Service Center (along with all necessary information) after the close of regular trading on the New York Stock Exchange, it will be priced at the Accumulation Unit value determined on the following Valuation Date.
Subsequent purchase payments are not permitted to the Fixed Account.
Making Withdrawals: Accessing the Money in Your Contract
Surrender/Withdrawal Prior to Annuitization
Prior to annuitization and before the Annuitant's death, Contract Owners may generally withdraw some or all of their Contract Value. Withdrawals from the contract may be subject to federal income tax and/or a tax penalty (see Appendix B: Contract Types and Tax Information in the statutory prospectus). Withdrawal requests may be submitted in writing or by telephone to the Service Center and Nationwide may require additional information. Requests submitted by telephone may be subject to dollar amount limitations and may be subject to payment and other restrictions to prevent fraud. Nationwide reserves the right to require written requests to be submitted on current Nationwide forms for withdrawals. Nationwide reserves the right to remove the ability to submit requests by telephone upon written notice. Contact the Service Center for current limitations and restrictions. When taking a full surrender, Nationwide may require that the contract accompany the request. Nationwide may require a signature guarantee.
Surrender and withdrawal requests will receive the Accumulation Unit value next determined at the end of the current Valuation Period if the request and all necessary information is received at the Service Center before the close of regular trading on the New York Stock Exchange (generally, 4:00 pm EST). If the request and all necessary information is received after the close of regular trading on the New York Stock Exchange, the request will receive the Accumulation Unit value determined at the end of the next Valuation Day.
Nationwide will pay any amounts withdrawn from the Sub-Accounts within seven days after the request is received in good order at the Service Center (see Determining the Contract Value in the statutory prospectus). However, Nationwide may suspend or postpone payment when it is unable to price a purchase payment or transfer, or as permitted or required by federal securities laws and rules and regulations of the SEC.
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Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Account for a period of up to six months from the date of the withdrawal or transfer request.
Surrender/Withdrawal After Annuitization
After the Annuitization Date, withdrawals other than regularly scheduled annuity payments are not permitted.
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Additional Information About Fees
The following tables describe the fees, expenses, and adjustments that a Contract Owner will pay when buying, owning, and surrendering or making withdrawals from an investment option or from the contract. The fees and expenses do not reflect any investment advisory fees paid to financial professionals from Contract Value or other assets owned by the Contract Owner; if those charges were reflected, the fees and expenses would be higher.
Any fees that a Contract Owner pays to JPMS or other financial professionals for advisory services related to the contract are in addition to the contract fees and expenses described in this section. There are no fees and expenses that a Contract Owner will pay at the time the contract is purchased, or surrendered, or when contract value is transferred between investment options.
The first table describes the fees and expenses that a Contract Owner will pay each year during the time that the Contract Owner owns the contract (not including underlying mutual fund fees and expenses). State premium taxes may also be deducted.  
Annual Contract Expenses
Base Contract Expenses1 (assessed as an annualized percentage of Daily Net Assets)
0.35%
 
1
Throughout the statutory prospectus, the Base Contract Expenses will be referred to as Mortality and Expense Risk Charge and Administrative Charge, as appropriate. The Administrative Charge is waived if the Contract Value, on the later of the Date of Issue or the most recent Quarterly Contract Anniversary, is greater than or equal to $1,000,000. If the Contract Value subsequently falls to less than $1,000,000 on the most recent Quarterly Contract Anniversary, the Administrative Charge will be reinstated for that quarter.
The next item shows the minimum and maximum total operating expenses charged by the underlying mutual funds that the Contract Owner may pay periodically during the life of the contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of the underlying mutual funds available under the contract, including their annual expenses, may be found in Appendix: Investment Options Available Under the Contract.  
Annual Underlying Mutual Fund Expenses
 
Minimum
Maximum
(Expenses that are deducted from underlying mutual fund assets, including
management fees, and other expenses, as a percentage of average underlying mutual
fund net assets.)
0.03%
3.23%
Example
This Example is intended to help Contract Owners compare the cost of investing in the Sub-Accounts with the cost of investing in other annuity contracts that offer variable investment options. These costs include transaction expenses, annual contract expenses, and annual underlying mutual fund expenses. This Example assumes all Contract Value is allocated to the Sub-Accounts. Costs could differ from those shown below if Contract Value is allocated to the Fixed Account. The fees and expenses do not reflect any investment advisory fees paid to financial professionals from Contract Value or other assets owned by the Contract Owner; if those charges were reflected, the fees and expenses would be higher.
The Example assumes:
•
a $100,000 investment in the contract for the time periods indicated;
•
a 5% return each year;
•
the maximum and the minimum annual underlying mutual fund expenses.
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Although your actual costs may be higher or lower, based on these assumptions, your costs would be: 
 
If the contract is surrendered
at the end of the
applicable time period
If the contract is annuitized
at the end of the
applicable time period
If the contract is not
surrendered
 
1 Yr.
3 Yrs.
5 Yrs.
10 Yrs.
1 Yr.
3 Yrs.
5 Yrs.
10 Yrs.
1 Yr.
3 Yrs.
5 Yrs.
10 Yrs.
Maximum
Annual
Underlying
Mutual Fund
Expenses
(3.23%)
$3,759
$11,418
$19,267
$39,760
*
$11,418
$19,267
$39,760
$3,759
$11,418
$19,267
$39,760
Minimum Annual
Underlying
Mutual Fund
Expenses
(0.03%)
$399
$1,253
$2,187
$4,926
*
$1,253
$2,187
$4,926
$399
$1,253
$2,187
$4,926
*
The contracts sold under this prospectus do not permit annuitization during the first two Contract Years (see Annuitizing the Contract in the statutory prospectus).
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Appendix: Investment Options Available Under the Contract
Underlying Mutual Funds
The following is a list of underlying mutual funds available under the contract. More information about the underlying mutual funds is available in the prospectuses for the underlying mutual funds, which may be amended from time to time and can be found online at https://nationwide.onlineprospectus.net/NW/C000222213NW/index.php. This information can also be obtained at no cost by calling 1-800-848-6331 or by sending an email request to [email protected]. Depending on the optional benefits chosen, access to certain underlying mutual funds may be limited. The availability of investment options may vary depending on the broker-dealer through which the contract is sold (see Appendix C: Financial Intermediary Variations in the statutory prospectus).
The current expenses and performance information below reflects fees and expenses of the underlying mutual funds, but do not reflect the other fees and expenses that the contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each underlying mutual fund’s past performance is not necessarily an indication of future performance. 
Type
Underlying Mutual Fund and Adviser/Subadviser
Current
Expenses
Average Annual Total
Returns
(as of 12/31/2025)
1 year
5 year
10 year
Equity
Alger Capital Appreciation Portfolio: Class I-2 Shares
Investment Advisor: Fred Alger Management, LLC
0.94%
32.87%
16.33%
18.17%
Equity
AllianceBernstein Variable Products Series Fund, Inc. - AB
VPS Discovery Value Portfolio: Class A
Investment Advisor: AllianceBernstein L.P.
0.82%
2.89%
8.75%
8.55%
Equity
AllianceBernstein Variable Products Series Fund, Inc. - AB
VPS Relative Value Portfolio: Class A
Investment Advisor: AllianceBernstein L.P.
0.59%*
10.47%
11.42%
10.57%
Fixed Income
American Funds Insurance Series® - American Funds
Mortgage Fund: Class 1
Investment Advisor: Capital Research and Management Company
0.31%*
8.92%
0.57%
1.94%
Equity
American Funds Insurance Series® - Growth Fund: Class 1
Investment Advisor: Capital Research and Management Company
0.34%
20.53%
13.66%
18.26%
Equity
American Funds Insurance Series® - New World Fund®: Class
1
Investment Advisor: Capital Research and Management Company
0.57%*
28.60%
5.59%
9.53%
Fixed Income
American Funds Insurance Series® - The Bond Fund of
America: Class 1
Investment Advisor: Capital Research and Management Company
0.23%*
7.40%
0.10%
2.61%
Fixed Income
American Funds Insurance Series® - U.S. Government
Securities Fund: Class 1
Investment Advisor: Capital Research and Management Company
0.25%*
8.01%
0.01%
1.95%
Fixed Income
BlackRock Variable Series Funds II, Inc. - BlackRock High
Yield V.I. Fund: Class I
Investment Advisor: BlackRock Advisors, LLC
Sub-Advisor: BlackRock International Limited
0.54%*
8.60%
4.68%
6.25%
Fixed Income
BlackRock Variable Series Funds II, Inc. - BlackRock Total
Return V.I. Fund: Class I
Investment Advisor: BlackRock Advisors, LLC
Sub-Advisor: BlackRock International Limited and BlackRock
(Singapore) Limited
0.43%*
7.51%
-0.46%
2.13%
Equity
BlackRock Variable Series Funds, Inc. - BlackRock Equity
Dividend V.I. Fund: Class I
Investment Advisor: BlackRock Advisors, LLC
0.68%*
21.54%
11.72%
11.28%
Equity
BlackRock Variable Series Funds, Inc. - BlackRock
International Index V.I. Fund: Class I
Investment Advisor: BlackRock Advisors, LLC
0.27%*
31.37%
8.88%
8.18%
12
Type
Underlying Mutual Fund and Adviser/Subadviser
Current
Expenses
Average Annual Total
Returns
(as of 12/31/2025)
1 year
5 year
10 year
Equity
BlackRock Variable Series Funds, Inc. - BlackRock Small Cap
Index V.I. Fund: Class I
Investment Advisor: BlackRock Advisors, LLC
0.22%
12.65%
5.93%
9.44%
Equity
BNY Mellon Variable Investment Fund - Appreciation Portfolio:
Initial Shares
Investment Advisor: BNY Mellon Investment Adviser, Inc.
Sub-Advisor: Fayez Sarofim & Co., LLC
0.85%
10.07%
9.37%
12.92%
Real Assets
Cantor Fitzgerald Variable Insurance Trust - Cantor Fitzgerald
Commodity Return Strategy Portfolio: Class 2 (formerly,
Credit Suisse Trust - Commodity Return Strategy Portfolio:
Class 2)
Investment Advisor: UBS Asset Management (Americas) LLC
0.80%*
15.68%
10.61%
5.75%
Equity
Columbia Funds Variable Insurance Trust - Columbia Variable
Portfolio - Small Cap Value Discovery Fund: Class 1 (formerly,
Columbia Funds Variable Insurance Trust - Columbia Variable
Portfolio - Small Cap Value Fund: Class 1)
Investment Advisor: Columbia Management Investment Advisors,
LLC
0.88%*
14.99%
12.48%
11.48%
Equity
Columbia Funds Variable Series Trust II - Columbia Variable
Portfolio - Emerging Markets: Class 1
Investment Advisor: Columbia Management Investment Advisors,
LLC
1.09%*
31.18%
-1.13%
7.27%
Fixed Income
Columbia Funds Variable Series Trust II - Columbia Variable
Portfolio - High Yield Bond Fund: Class 1
Investment Advisor: Columbia Management Investment Advisors,
LLC
0.64%*
8.81%
4.18%
5.78%
Fixed Income
Columbia Funds Variable Series Trust II - Columbia Variable
Portfolio - Intermediate Bond Fund: Class 1
Investment Advisor: Columbia Management Investment Advisors,
LLC
0.52%
9.06%
-0.43%
2.77%
Fixed Income
Columbia Funds Variable Series Trust II - Columbia Variable
Portfolio - Partners Core Bond Fund: Class 1
Investment Advisor: Columbia Management Investment Advisors,
LLC
Sub-Advisor: J.P. Morgan Investment Management Inc.
0.48%
7.62%
0.03%
2.25%
Equity
Columbia Funds Variable Series Trust II - Columbia Variable
Portfolio - Select Large Cap Value Fund: Class 1
Investment Advisor: Columbia Management Investment Advisors,
LLC
0.69%
28.27%
13.59%
12.58%
Fixed Income
Columbia Funds Variable Series Trust II - CTIVP® - Fidelity
Institutional AM® Total Bond Fund: Class 1 (formerly,
Columbia Funds Variable Series Trust II - CTIVP® - American
Century Diversified Bond Fund: Class 1)
Investment Advisor: Columbia Management Investment Advisors,
LLC
Sub-Advisor: American Century Investment Management, Inc.
0.50%
7.48%
-0.35%
2.33%
Fixed Income
Columbia Funds Variable Series Trust II - CTIVP® - TCW Total
Return Bond Fund: Class 1 (formerly, Columbia Funds
Variable Series Trust II - CTIVP® - TCW Core Plus Bond Fund:
Class 1)
Investment Advisor: Columbia Management Investment Advisors,
LLC
Sub-Advisor: TCW Investment Management Company LLC
0.49%
7.54%
-0.53%
2.04%
Equity
Columbia Funds Variable Series Trust II - CTIVP® - Victory
Sycamore Established Value Fund: Class 1
Investment Advisor: Columbia Management Investment Advisors,
LLC
Sub-Advisor: Victory Capital Management Inc.
0.82%
2.29%
9.65%
10.70%
13
Type
Underlying Mutual Fund and Adviser/Subadviser
Current
Expenses
Average Annual Total
Returns
(as of 12/31/2025)
1 year
5 year
10 year
Equity
Delaware VIP Trust - Nomura VIP Emerging Markets Series:
Standard Class
Investment Advisor: Delaware Management Company, a series of
Nomura Investment Management Business Trust (a Delaware
statutory trust)
1.16%*
81.26%
8.81%
12.17%
Equity
Delaware VIP Trust - Nomura VIP Small Cap Value Series:
Standard Class
Investment Advisor: Delaware Management Company, a series of
Nomura Investment Management Business Trust (a Delaware
statutory trust)
0.74%
8.16%
9.26%
9.15%
Equity
DFA Investment Dimensions Group Inc. - Dimensional VA
International Value Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Sub-Advisor: Dimensional Fund Advisors Ltd. And DFA Australia
Limited
0.27%
45.64%
15.85%
10.46%
Fixed Income
Federated Hermes Insurance Series - Federated Hermes High
Income Bond Fund II: Primary Shares
Investment Advisor: Federated Investment Management Company
0.81%*
8.23%
3.70%
5.59%
Fixed Income
Federated Hermes Insurance Series - Federated Hermes
Quality Bond Fund II: Primary Shares
Investment Advisor: Federated Investment Management Company
0.74%*
7.08%
1.10%
2.99%
Equity
Fidelity Variable Insurance Products - VIP International Capital
Appreciation Portfolio: Initial Class
Investment Advisor: Fidelity Management & Research Company
LLC
Sub-Advisor: FIL Investment Advisors, FIL Investment Advisors
(UK) Limited, FMR Investment Management (UK) Limited, Fidelity
Management & Research (Hong Kong) Limited, Fidelity
Management & Research (Japan) Limited
0.78%
18.69%
6.26%
9.81%
Equity
Fidelity Variable Insurance Products Fund - VIP Equity-Income
Portfolio: Initial Class
Investment Advisor: Fidelity Management & Research Company
LLC
Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity
Management & Research (Hong Kong) Limited, Fidelity
Management & Research (Japan) Limited
0.46%
19.02%
12.51%
11.60%
Capital Preservation
Fidelity Variable Insurance Products Fund - VIP Government
Money Market Portfolio: Initial Class
Investment Advisor: Fidelity Management & Research Company
LLC
Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity
Management & Research (Hong Kong) Limited, Fidelity
Management & Research (Japan) Limited
0.25%
3.86%
3.04%
2.00%
Equity
Fidelity Variable Insurance Products Fund - VIP Index 500
Portfolio: Initial Class
Investment Advisor: Fidelity Management & Research Company
LLC
Sub-Advisor: Geode Capital Management, LLC
1.71%
17.78%
14.31%
14.70%
Equity
Fidelity Variable Insurance Products Fund - VIP International
Index Portfolio: Initial Class
Investment Advisor: Fidelity Management & Research Company
LLC
Sub-Advisor: Geode Capital Management, LLC
0.16%
33.15%
8.02%
 
14
Type
Underlying Mutual Fund and Adviser/Subadviser
Current
Expenses
Average Annual Total
Returns
(as of 12/31/2025)
1 year
5 year
10 year
Fixed Income
Fidelity Variable Insurance Products Fund - VIP Investment
Grade Bond Portfolio: Initial Class
Investment Advisor: Fidelity Management & Research Company
LLC
Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity
Management & Research (Hong Kong) Limited, Fidelity
Management & Research (Japan) Limited
0.37%
7.22%
0.06%
2.71%
Equity
Fidelity Variable Insurance Products Fund - VIP Mid Cap
Portfolio: Initial Class
Investment Advisor: Fidelity Management & Research Company
LLC
Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity
Management & Research (Hong Kong) Limited, Fidelity
Management & Research (Japan) Limited
0.55%
11.75%
10.10%
10.59%
Fixed Income
Fidelity Variable Insurance Products Fund - VIP Strategic
Income Portfolio: Initial Class
Investment Advisor: Fidelity Management & Research Company
LLC
Sub-Advisor: FIL Investment Advisors, FIL Investment Advisors
(UK) Limited, FMR Investment Management (UK) Limited, Fidelity
Management & Research (Hong Kong) Limited, Fidelity
Management & Research (Japan) Limited
0.63%
8.85%
3.07%
4.66%
Equity
Fidelity Variable Insurance Products Fund - VIP Value
Portfolio: Initial Class
Investment Advisor: Fidelity Management & Research Company
LLC
Sub-Advisor: FMR Investment Management (UK) Limited, Fidelity
Management & Research (Hong Kong) Limited, Fidelity
Management & Research (Japan) Limited
0.45%
11.23%
13.10%
11.24%
Capital Preservation
Goldman Sachs Variable Insurance Trust - Goldman Sachs
Government Money Market Fund: Institutional Shares
Investment Advisor: Goldman Sachs Asset Management, L.P.
0.18%*
4.21%
3.18%
2.12%
Equity
Hartford Series Fund, Inc. - Hartford Disciplined Equity HLS
Fund: Class IA
Investment Advisor: Hartford Funds Management Company, LLC
Sub-Advisor: Wellington Management Company LLP
0.60%
14.32%
12.07%
13.46%
Equity
Hartford Series Fund, Inc. - Hartford International
Opportunities HLS Fund: Class IA
Investment Advisor: Hartford Funds Management Company, LLC
Sub-Advisor: Wellington Management Company LLP
0.76%
30.41%
6.86%
8.14%
Equity
Hartford Series Fund, Inc. - Hartford MidCap HLS Fund: Class
IA
Investment Advisor: Hartford Funds Management Company, LLC
Sub-Advisor: Wellington Management Company LLP
0.76%
-0.38%
0.24%
8.05%
Equity
Invesco - Invesco V.I. Discovery Mid Cap Growth Fund: Series
I
Investment Advisor: Invesco Advisers, Inc.
0.86%
4.79%
3.90%
11.38%
Equity
Invesco - Invesco V.I. Equally-Weighted S&P 500 Fund: Series
I Shares
Investment Advisor: Invesco Advisers, Inc.
Sub-Advisor: Invesco Capital Management LLC
0.34%
11.10%
10.16%
11.39%
Capital Preservation
Invesco - Invesco V.I. Government Money Market Fund: Series
I Shares
Investment Advisor: Invesco Advisers, Inc.
0.38%
4.00%
3.04%
1.95%
Equity
Invesco - Invesco V.I. Main Street Small Cap Fund: Series I
Investment Advisor: Invesco Advisers, Inc.
0.84%
8.70%
8.34%
10.59%
15
Type
Underlying Mutual Fund and Adviser/Subadviser
Current
Expenses
Average Annual Total
Returns
(as of 12/31/2025)
1 year
5 year
10 year
Equity
Invesco V.I. International Growth Fund: Series I
Investment Advisor: Invesco Advisers, Inc.
1.00%*
16.32%
2.15%
5.64%
Equity
Lazard Retirement Series, Inc. - Lazard Retirement Emerging
Markets Equity Portfolio: Investor Shares
Investment Advisor: Lazard Asset Management LLC
1.13%*
42.12%
11.04%
9.63%
Equity
Legg Mason Partners Variable Equity Trust - ClearBridge
Variable Mid Cap Portfolio: Class I
Investment Advisor: Franklin Templeton Fund Adviser, LLC
Sub-Advisor: ClearBridge Investments, LLC
0.82%
4.35%
4.50%
7.50%
Fixed Income
Lincoln Variable Insurance Products Trust - LVIP American
Century Inflation Protection Fund: Standard Class
Investment Advisor: Lincoln Financial Investments Corporation
Sub-Advisor: American Century Investment Management, Inc.
0.37%*
6.71%
0.74%
2.67%
Equity
Lincoln Variable Insurance Products Trust - LVIP American
Century International Fund: Standard Class
Investment Advisor: Lincoln Financial Investments Corporation
Sub-Advisor: American Century Investment Management, Inc.
0.85%*
16.11%
1.89%
6.44%
Equity
Lincoln Variable Insurance Products Trust - LVIP American
Century Ultra® Fund: Standard Class
Investment Advisor: Lincoln Financial Investments Corporation
Sub-Advisor: American Century Investment Management, Inc.
0.65%*
12.95%
11.71%
17.18%
Equity
Lincoln Variable Insurance Products Trust - LVIP ClearBridge
Appreciation Fund: Standard Class
Investment Advisor: Lincoln Financial Investments Corporation
Sub-Advisor: ClearBridge Investments, LLC
0.70%*
14.49%
12.72%
13.34%
Equity
Lincoln Variable Insurance Products Trust - LVIP ClearBridge
Dividend Strategy Fund: Standard Class
Investment Advisor: Lincoln Financial Investments Corporation
Sub-Advisor: ClearBridge Investments, LLC
0.75%*
12.62%
11.86%
12.46%
Fixed Income
Lincoln Variable Insurance Products Trust - LVIP JPMorgan
Core Bond Fund: Standard Class
Investment Advisor: Lincoln Financial Investments Corporation
Sub-Advisor: J.P. Morgan Investment Management Inc.
0.47%
7.40%
-0.04%
2.11%
Equity
Lincoln Variable Insurance Products Trust - LVIP JPMorgan
Mid Cap Value Fund: Standard Class
Investment Advisor: Lincoln Financial Investments Corporation
Sub-Advisor: J.P. Morgan Investment Management Inc.
0.74%
4.72%
9.63%
8.77%
Equity
Lincoln Variable Insurance Products Trust - LVIP JPMorgan
Small Cap Core Fund: Standard Class
Investment Advisor: Lincoln Financial Investments Corporation
Sub-Advisor: J.P. Morgan Investment Management Inc.
0.77%
10.27%
6.40%
8.95%
Equity
Lincoln Variable Insurance Products Trust - LVIP JPMorgan
U.S. Equity Fund: Standard Class
Investment Advisor: Lincoln Financial Investments Corporation
Sub-Advisor: J.P. Morgan Investment Management Inc.
0.63%
14.54%
13.69%
14.84%
Fixed Income
Lord Abbett Series Fund, Inc. - Short Duration Income
Portfolio: Class VC
Investment Advisor: Lord, Abbett & Co. LLC
0.72%*
5.90%
2.25%
2.62%
Equity
MFS® Variable Insurance Trust - MFS Growth Series: Initial
Class
Investment Advisor: Massachusetts Financial Services Company
0.73%*
12.19%
11.10%
15.60%
Equity
MFS® Variable Insurance Trust - MFS Investors Trust Series:
Initial Class
Investment Advisor: Massachusetts Financial Services Company
0.74%*
13.57%
11.33%
12.49%
16
Type
Underlying Mutual Fund and Adviser/Subadviser
Current
Expenses
Average Annual Total
Returns
(as of 12/31/2025)
1 year
5 year
10 year
Equity
MFS® Variable Insurance Trust - MFS Value Series: Initial
Class
Investment Advisor: Massachusetts Financial Services Company
0.69%*
13.01%
9.95%
10.05%
Equity
MFS® Variable Insurance Trust II - MFS International Growth
Portfolio: Initial Class
Investment Advisor: Massachusetts Financial Services Company
0.88%*
21.12%
7.07%
9.88%
Equity
MFS® Variable Insurance Trust III - MFS Mid Cap Value
Portfolio: Initial Class
Investment Advisor: Massachusetts Financial Services Company
0.79%*
5.98%
10.18%
9.95%
Equity
Morgan Stanley Variable Insurance Fund, Inc. - Emerging
Markets Equity Portfolio: Class I
Investment Advisor: Morgan Stanley Investment Management Inc.
Sub-Advisor: Morgan Stanley Investment Management Company
1.25%*
32.96%
4.37%
7.27%
Equity
Nationwide Variable Insurance Trust - NVIT Allspring
Discovery Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Allspring Global Investments, LLC
0.83%*
5.91%
-2.09%
9.67%
Equity
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Digital
Evolution Strategy Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: J.P. Morgan Investment Management Inc.
0.56%*
33.09%
 
 
Equity
Nationwide Variable Insurance Trust - NVIT J.P. Morgan
Innovators Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: J.P. Morgan Investment Management Inc.
0.62%*
14.47%
 
 
Equity
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Large
Cap Growth Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: J.P. Morgan Investment Management Inc.
0.44%*
14.41%
 
 
Equity
Nationwide Variable Insurance Trust - NVIT J.P. Morgan US
Technology Leaders Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: J.P. Morgan Investment Management Inc.
0.56%*
19.15%
 
 
Fixed Income
Nationwide Variable Insurance Trust - NVIT Loomis Core Bond
Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-Advisor: Loomis, Sayles & Company, L.P.
0.43%
7.03%
-0.62%
2.23%
Fixed Income
New York Life Investments VP Funds Trust - NYLIM VP
Floating Rate Portfolio: Initial Class (formerly, New York Life
Investments VP Funds Trust - NYLI VP Floating Rate Portfolio:
Initial Class)
Investment Advisor: New York Life Investment Management LLC
Sub-Advisor: New York Investors LLC
0.64%
5.13%
5.43%
5.01%
Fixed Income
New York Life Investments VP Funds Trust - NYLIM VP
MacKay High Yield Corporate Bond Portfolio: Initial Class
(formerly, New York Life Investments VP Funds Trust - NYLI
VP MacKay High Yield Corporate Bond Portfolio: Initial Class)
Investment Advisor: New York Life Investment Management LLC
Sub-Advisor: MacKay Shields LLC
0.58%
6.87%
4.44%
6.14%
Equity
New York Life Investments VP Funds Trust - NYLIM VP
Winslow Large Cap Growth Portfolio: Initial Class (formerly,
New York Life Investments VP Funds Trust - NYLI VP Winslow
Large Cap Growth Portfolio: Initial Class)
Investment Advisor: New York Life Investment Management LLC
Sub-Advisor: Winslow Capital Management, LLC
0.74%
14.35%
12.69%
16.14%
17
Type
Underlying Mutual Fund and Adviser/Subadviser
Current
Expenses
Average Annual Total
Returns
(as of 12/31/2025)
1 year
5 year
10 year
Real Assets
PIMCO Variable Insurance Trust - Commodity RealReturn®
Strategy Portfolio: Institutional Class
Investment Advisor: PIMCO
3.04%*
19.07%
10.72%
6.70%
Fixed Income
PIMCO Variable Insurance Trust - Income Portfolio:
Institutional Class
Investment Advisor: PIMCO
0.77%
10.36%
3.57%
 
Fixed Income
PIMCO Variable Insurance Trust - International Bond Portfolio
(U.S. Dollar-Hedged): Institutional Class
Investment Advisor: PIMCO
0.94%
4.10%
1.18%
3.04%
Fixed Income
PIMCO Variable Insurance Trust - Low Duration Portfolio:
Institutional Class
Investment Advisor: PIMCO
0.51%
5.68%
1.72%
1.94%
Fixed Income
PIMCO Variable Insurance Trust - Real Return Portfolio:
Institutional Class
Investment Advisor: PIMCO
1.24%
8.01%
1.36%
3.37%
Fixed Income
PIMCO Variable Insurance Trust - Short-Term Portfolio:
Institutional Class
Investment Advisor: PIMCO
0.50%
4.83%
3.40%
2.91%
Fixed Income
PIMCO Variable Insurance Trust - Total Return Portfolio:
Institutional Class
Investment Advisor: PIMCO
0.58%
9.05%
0.17%
2.51%
Fixed Income
Principal Variable Contracts Funds, Inc. - Core Plus Bond
Account: Class 1
Investment Advisor: Principal Global Investors, LLC
0.49%
7.46%
-0.48%
2.36%
Equity
Principal Variable Contracts Funds, Inc. - Diversified
International Account: Class 1
Investment Advisor: Principal Global Investors, LLC
0.85%
32.36%
7.40%
8.08%
Equity
Principal Variable Contracts Funds, Inc. - MidCap Account:
Class 1
Investment Advisor: Principal Global Investors, LLC
0.53%
1.78%
8.33%
12.58%
Equity
Principal Variable Contracts Funds, Inc. - Principal Capital
Appreciation Account: Class 1
Investment Advisor: Principal Global Investors, LLC
0.63%
13.52%
13.82%
14.35%
Fixed Income
Principal Variable Contracts Funds, Inc. - Short-Term Income
Account: Class 1
Investment Advisor: Principal Global Investors, LLC
0.41%
5.48%
2.33%
2.52%
Equity
Principal Variable Contracts Funds, Inc. - SmallCap Account:
Class 1
Investment Advisor: Principal Global Investors, LLC
0.84%
15.10%
6.29%
9.57%
Fixed Income
Prudential Series Fund - PSF PGIM High Yield Bond Portfolio:
Class I
Investment Advisor: PGIM Investments LLC
Sub-Advisor: PGIM Fixed Income and PGIM Limited
0.57%*
8.90%
4.85%
6.92%
Fixed Income
Prudential Series Fund - PSF PGIM Total Return Bond
Portfolio: Class I
Investment Advisor: PGIM Investments LLC
Sub-Advisor: PGIM Fixed Income and PGIM Limited
0.43%
7.80%
0.14%
3.17%
Equity
Putnam Variable Trust - Putnam VT Large Cap Value Fund:
Class IA
Investment Advisor: Putnam Investment Management, LLC
Sub-Advisor: Franklin Advisers, Inc., Franklin Templeton Investment
Management Limited
0.54%
20.66%
15.68%
13.58%
Equity
Schwab Annuity Portfolios - Schwab® S&P 500 Index Portfolio
Investment Advisor: Charles Schwab Investment Management, Inc.
0.03%
17.83%
14.38%
14.75%
18
Type
Underlying Mutual Fund and Adviser/Subadviser
Current
Expenses
Average Annual Total
Returns
(as of 12/31/2025)
1 year
5 year
10 year
Equity
T. Rowe Price Equity Series, Inc. - T. Rowe Price Blue Chip
Growth Portfolio
Investment Advisor: T. Rowe Price Associates, Inc.
0.75%
18.74%
11.68%
15.54%
Fixed Income
T. Rowe Price Fixed Income Series, Inc. - T. Rowe Price
Limited-Term Bond Portfolio
Investment Advisor: T. Rowe Price Associates, Inc.
0.50%*
5.71%
2.17%
2.34%
Equity
Vanguard Variable Insurance Fund - International Portfolio
Investment Advisor: Baillie Gifford Overseas Ltd.; Schroder
Investment Management North America, Inc.
0.32%
19.97%
0.62%
10.48%
Equity
Vanguard Variable Insurance Fund - Mid-Cap Index Portfolio
Investment Advisor: Vanguard Strategic Equity Index Management
0.17%
11.54%
8.46%
10.77%
Fixed Income
Vanguard Variable Insurance Fund - Total Bond Market Index
Portfolio
Investment Advisor: The Vanguard Group Inc. (Vanguard Fixed
Income Group)
0.14%
6.94%
-0.51%
1.90%
Equity
Vanguard Variable Insurance Fund - Total International Stock
Market Index Portfolio
Investment Advisor: Vanguard Strategic Equity Index Management
0.09%
32.04%
7.88%
 
Equity
Vanguard Variable Insurance Fund - Total Stock Market Index
Portfolio
Investment Advisor: Vanguard Strategic Equity Index Management
0.13%
16.93%
12.98%
14.10%
Equity
Victory Variable Insurance Funds II - Victory Pioneer Fund
VCT Portfolio: Class I
Investment Advisor: Victory Capital Management, Inc.
0.75%*
23.36%
14.98%
15.75%
*
This underlying mutual fund’s current expenses reflect a temporary fee reduction.
Fixed Options
The following is a list of fixed options currently available under the contract. To the extent permitted under the contract, Nationwide may change the features of a fixed option, offer new fixed options, and terminate existing fixed options. Nationwide will provide you with written notice before doing so. Depending on the optional benefits chosen, access to a fixed option may not be permitted. See The Fixed Account in the statutory prospectus for additional information.  
Name
Interest Rate Guarantee Period
Minimum Guaranteed Interest Rate
Fixed Account
1 year1
1.00%2
1
The Fixed Account interest rate guarantee period begins on the date of deposit or transfer and ends on the one-year anniversary of the deposit or transfer. The guaranteed interest rate period may last for up to three months beyond the one-year anniversary because guaranteed terms end on the last day of a calendar quarter. As a result, an interest rate guarantee period may last up to 15 months.
2
Contracts may be subject to a higher minimum guaranteed interest rate based on the date the contract was issued and/or state of issue.
Nationwide reserves the right to limit the amount that can be transferred from the Fixed Account at the end of an interest rate guarantee period. Nationwide will provide you with written notice before doing so.
19
Outside back cover page
This summary prospectus incorporates by reference the statutory prospectus and Statement of Additional Information, both dated May 1, 2026, as amended or supplemented. The statutory prospectus and Statement of Additional Information may be obtained, free of charge, at https://nationwide.onlineprospectus.net/NW/C000222213NW/index.php.
Reports and other information about the Variable Account are available on the SEC’s website at http://www.sec.gov. Copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: [email protected].
SEC Contract Identifier: C000222213

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