Prospectus supplement dated August 3, 2016
to the following prospectus(es):
BOA Next Generation FPVUL, BOA ChoiceLife FPVUL, NLIC
Options Premier prospectuses dated May 1, 2016
BOA
Choice Annuity, Paine Webber Choice Annuity, BOA America's Income Annuity, BOA Last Survivorship II, BOA ChoiceLife Survivorship, BOA ChoiceLife Survivorship II, Next Generation Survivorship Life, BOA Protection Survivorship Life, BOA ChoiceLife
Protection prospectuses dated May 1, 2009
BOA MSPVL II
(BOA MSPVL Future), BOA Protection FPVUL, BOA ChoiceLife Protection FPVUL, Options Premier (NLAIC), Survivor Options Premier (NLIC), Survivor Options Elite (NLIC) prospectuses dated May 1, 2008
This
supplement updates certain information contained in your prospectus. Please read it and keep it with your prospectus for future reference. |
The following changes are made to the prospectus:
1) The Designations Key
of Appendix A: Underlying Mutual Funds is revised to include the following designation:
MF:
|
The
underlying mutual fund operates as a "feeder fund", which means it invests all of its investment assets in another mutual fund, the "master fund". Investors in this underlying mutual fund will bear the fees and expenses of both this underlying
mutual fund and the "master fund" in which it invests. Therefore, this may result in higher expenses than those of other underlying mutual funds that invest directly in individual securities. Refer to the prospectus for this underlying mutual fund
for more information. |
The designations
for the following underlying mutual funds listed in Appendix A: Underlying Mutual Funds are updated as follows:
Nationwide Variable Insurance Trust -
American Funds NVIT Asset Allocation Fund: Class II
Investment
Advisor: |
Capital
Research and Management Company |
Investment
Objective: |
The
fund seeks to provide high total return (including income and capital gains) consistent with preservation of capital over the long term. |
Designation: MF
Nationwide Variable Insurance Trust -
American Funds NVIT Bond Fund: Class II
Investment
Advisor: |
Capital
Research and Management Company |
Investment
Objective: |
The
Fund seeks to maximize an investors level of current income and preserve the investor's capital. |
Designation: MF
Nationwide Variable Insurance Trust -
American Funds NVIT Global Growth Fund: Class II
Investment
Advisor: |
Capital
Research and Management Company |
Investment
Objective: |
The
Fund is designed for investors seeking capital appreciation through stocks. |
Designation: MF
Nationwide Variable Insurance Trust -
American Funds NVIT Growth Fund: Class II
Investment
Advisor: |
Capital
Research and Management Company |
Investment
Objective: |
The
Fund is designed for investors seeking capital appreciation principally through investment in stocks. |
Designation: MF
Nationwide Variable Insurance Trust -
American Funds NVIT Growth-Income Fund: Class II
Investment
Advisor: |
Capital
Research and Management Company |
Investment
Objective: |
The
fund seeks to achieve long-term growth of capital and income. |
Designation: MF