Form 497VPI NATIONWIDE VLI SEPARATE
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E-mailSupplement dated October
10, 2025
to the following initial summary prospectus(es):
to the following initial summary prospectus(es):
Nationwide Innovator Corporate VUL dated May 1, 2025
| 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 June 10, 2025, the Board of Trustees (the "Board")
of Nationwide Variable Insurance Trust (the "Trust"), approved the merger of the NVIT NS Partners International Focused Growth Fund (the "Target Fund") and the NVIT International Equity Fund (the "Acquiring Fund"). The merger will be effective on or about October 24, 2025 (the
"Effective Date").
As of the Effective Date, the following changes apply to the policy/contract:
•
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 A is amended to add the following:
| Type |
Underlying Mutual Fund and Adviser/Subadviser |
Current
Expenses |
Average Annual Total
Returns
(as of 12/31/2024) | ||
| 1 year |
5 year |
10 year | |||
| Equity |
Nationwide Variable Insurance Trust – NVIT International
Equity Fund: Class I
Investment Advisor: Nationwide Fund Advisors Sub-Advisor: Lazard Asset Management LLC |
0.98%* |
11.31% |
7.19% |
6.03% |
*
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-1018
1
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