Form 497VPI Nationwide Jefferson
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E-mailSupplement dated October
10, 2025
to the following initial summary prospectus(es):
to the following initial summary prospectus(es):
Monument Advisor, Monument Advisor Select, Monument Advisor New York and Monument Advisor
Select New York 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 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:
| Type |
Underlying Mutual Fund and Adviser/
Subadviser |
Current
Expenses |
Low Cost
Sub-Account
Fee1 |
Current
Expenses +
Low Cost
Sub-Account
Fee |
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 II
This underlying mutual fund is no longer available to
receive transfers or new purchase payments effective
October 24, 2025
Investment Advisor: Nationwide Fund Advisors Sub-Advisor: Lazard Asset Management LLC |
1.23%* |
0.00% |
11.01% |
6.92% |
5.77% |
0.00% |
*
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-1023
1
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