Prospectus supplement dated September 9, 2020
to the
following prospectus(es):
BOA CVUL Future (NWL), BAE
Future Corporate FPVUL and Nationwide Innovator Corporate VUL prospectuses dated May 1, 2020
Future Executive VUL and Next Generation Corporate VUL
prospectuses dated May 1, 2019
BOA CVUL Future (NLAIC)
and BOA CVUL (NLAIC) prospectuses dated May 1, 2008
BOA Multiple Pay prospectus dated May 1, 2002
This
supplement updates certain information contained in your prospectus. Please read it and keep it with your prospectus for future reference. |
(1) The Board of Trustees of Nationwide Variable Insurance
Trust (the "Board"), on behalf of NVIT Multi-Manager Large Cap Value Fund, approved the merger of the NVIT Multi-Manager Large Cap Value Fund (the "Target Fund") into the NVIT Mellon Dynamic U.S. Equity Income Fund (the "Surviving Fund"). The merger
will be effective on or about September 11, 2020 (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 Surviving Fund in exchange for shares of the Surviving Fund; and |
•
|
the
Surviving Fund will assume all liabilities of the Target Fund. |
Accordingly, the following changes apply to the
prospectus:
(1)
|
Appendix A: Underlying
Mutual Funds is amended to add the following: |
Nationwide Variable Insurance Trust - NVIT
Mellon Dynamic U.S. Equity Income: Class X
Investment
Advisor: |
Nationwide
Fund Advisors |
Sub-advisor:
|
Mellon
Investments Corporation |
Investment
Objective: |
The
fund seeks capital appreciation, and secondarily current income. |
(2)
|
All references in the
prospectus to the Target Fund are deleted and replaced with the Surviving Fund. |