Form 497VPI Nationwide VL Separate
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E-mailSupplement dated March
27, 2026
to the following initial summary prospectus(es):
to the following initial summary prospectus(es):
Nationwide Advisory 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. |
The Board of Trustees of the fund approved the merger of Legg Mason
Partners Variable Equity Trust - ClearBridge Variable Large Cap Growth Portfolio: Class I (the "Target Fund") into Lincoln Variable Insurance Products Trust - LVIP ClearBridge Large Cap Growth Fund: Standard Class (the "Acquiring Fund"). 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 policy:
•
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 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
Sub-Account
Fee1 |
Current
Expenses +
Low Cost
Sub-Account
Fee |
Average Annual
Total Returns
(as of 12/31/2025) | ||
| 1
year |
5
year |
10
year | |||||
| Equity |
Lincoln Variable Insurance Products Trust - LVIP
ClearBridge Large Cap Growth Fund: Standard
Class
This Sub-Account is only available in policies issued
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 Sub-Account Fee. The maximum Low Cost Sub-Account Fee applicable
for any Sub-Account is 1.00%.
(2) All references in the prospectus to the Target Fund are deleted and
replaced with the Acquiring Fund.
ISP-1040
1
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