Form 497VPI Nationwide Jefferson
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E-mailSupplement dated March
27, 2026
to the following initial summary prospectus(es):
to the following initial summary prospectus(es):
Monument Advisor, Monument Advisor Select and Monument Advisor Select NY dated May 1, 2025
| This supplement updates certain information contained in your initial summary prospectus. Please read and
retain this supplement for future reference. |
The Board of Trustees of the funds approved the merger of Legg Mason
Partners Variable Equity Trust - ClearBridge Variable Dividend Strategy Portfolio: Class I ("Target Fund 1") into Lincoln Variable Insurance Products Trust - LVIP ClearBridge Dividend Strategy Fund: Standard Class ("Aquiring Fund 1"), as well as Legg Mason Partners Variable Equity Trust
- ClearBridge Variable Large Cap Growth Portfolio: Class I ("Target Fund 2") into Lincoln Variable Insurance Products Trust - LVIP ClearBridge Large Cap Growth Fund: Standard Class
("Acquiring Fund" 2). Subject to shareholder approval, the merger will be effective on or about April 24, 2026 (the "Effective Date").
As of the Effective Date, the following changes apply to the contract:
•
Target Funds 1 and 2 will no longer be available to receive transfers or new purchase payments;
•
Target Funds 1 and 2 will transfer all or substantially all of its assets to the respective
Acquiring Funds 1 and 2 in exchange for shares of the respective Acquiring Fund 1 or 2; and
•
Acquiring Funds 1 and 2 will assume all liabilities of the respective Target
Fund.
Accordingly, the following changes apply to the prospectus:
(1) Appendix is amended to add the following:
*
This underlying mutual fund’s current expenses reflect a temporary fee reduction.
| Type |
Underlying Mutual Fund and Adviser/
Subadviser |
Current
Expenses |
Low Cost
Fund Platform
Fee1 |
Current
Expenses +
Low Cost
Fund Platform
Fee |
Average Annual
Total Returns
(as of 12/31/2025) | ||
| 1
year |
5
year |
10
year | |||||
| Equity |
Lincoln Variable Insurance Products Trust - LVIP
ClearBridge Dividend Strategy Fund: Standard
Class
This underlying mutual fund is only available in
contracts for which good order applications were
received before April 24, 2026
Investment Advisor: Lincoln Financial Investments Corporation Sub-Advisor: ClearBridge Investments, LLC |
0.75% |
0.00% |
0.75% |
12.62% |
11.86% |
12.46% |
| Equity |
Lincoln Variable Insurance Products Trust - LVIP
ClearBridge Large Cap Growth Fund: Standard
Class
This underlying mutual fund is only available in
contracts for which good order applications were
received before April 24, 2026
Investment Advisor: Lincoln Financial Investments Corporation Sub-Advisor: ClearBridge Investments, LLC |
0.74% |
0.00% |
0.74% |
8.62% |
10.57% |
14.46% |
*
This underlying mutual fund’s current expenses reflect a temporary fee reduction.
1
Reflects the current Low Cost Fund Platform Fee. The maximum Low Cost Fund Platform Fee
applicable for any Sub-account is 0.35%.
(2) All references in the prospectus to Target Funds 1 and 2 are deleted
and replaced with the Acquiring Funds 1 and 2.
ISP-1042
1
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