0001193125-22-260228.txt : 20221011 0001193125-22-260228.hdr.sgml : 20221011 20221011073531 ACCESSION NUMBER: 0001193125-22-260228 CONFORMED SUBMISSION TYPE: 485APOS PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20221011 DATE AS OF CHANGE: 20221011 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONWIDE VLI SEPARATE ACCOUNT 4 CENTRAL INDEX KEY: 0001041357 IRS NUMBER: 314156830 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485APOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-08301 FILM NUMBER: 221302361 BUSINESS ADDRESS: STREET 1: NATIONWIDE LIFE INSURANCE CO STREET 2: ONE NATIONWIDE PLAZA CITY: COLUMBUS STATE: OH ZIP: 43215 BUSINESS PHONE: 614-249-7111 MAIL ADDRESS: STREET 1: NATIONWIDE LIFE INSURANCE CO STREET 2: ONE NATIONWIDE PLAZA CITY: COLUMBUS STATE: OH ZIP: 43215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONWIDE VLI SEPARATE ACCOUNT 4 CENTRAL INDEX KEY: 0001041357 IRS NUMBER: 314156830 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485APOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-229640 FILM NUMBER: 221302360 BUSINESS ADDRESS: STREET 1: NATIONWIDE LIFE INSURANCE CO STREET 2: ONE NATIONWIDE PLAZA CITY: COLUMBUS STATE: OH ZIP: 43215 BUSINESS PHONE: 614-249-7111 MAIL ADDRESS: STREET 1: NATIONWIDE LIFE INSURANCE CO STREET 2: ONE NATIONWIDE PLAZA CITY: COLUMBUS STATE: OH ZIP: 43215 0001041357 S000009474 NATIONWIDE VLI SEPARATE ACCOUNT-4 C000211469 Nationwide Innovator Corporate VUL 485APOS 1 d354400d485apos.htm NW INNOVATOR CORPORATE VUL 333-229640 Nw Innovator Corporate VUL 333-229640
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-6
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933File No. 333-229640
Pre-Effective Amendment No.
☐
Post-Effective Amendment No. 7
☒
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940File No. 811-08301
Amendment No. 261
☒
(Check appropriate box or boxes.)
Nationwide VLI Separate Account-4
(Exact Name of Registrant)
Nationwide Life Insurance Company
(Name of Depositor)
One Nationwide Plaza, Columbus, Ohio 43215
(Address of Depositor's Principal Executive Offices) (Zip Code)
(614) 249-7111
Depositor's Telephone Number, including Area Code
Denise L. Skingle, Senior Vice President and Secretary
One Nationwide Plaza, Columbus, Ohio 43215
(Name and Address of Agent for Service)
December 12, 2022
Approximate Date of Proposed Public Offering
It is proposed that this filing will become effective (check appropriate box)
☐ immediately upon filing pursuant to paragraph (b)
☐ on (date) pursuant to paragraph (b)
☐ 60 days after filing pursuant to paragraph (a)(1)
☒ on December 12, 2022 pursuant to paragraph (a)(1)
If appropriate, check the following box:
☐ this post-effective amendment designates a new effective date for a previously filed post-effective amendment.
Incorporation by Reference
The statutory prospectus supplement dated July 20, 2022 and the statutory Prospectus and Statement of Additional Information that were effective May 1, 2022, previously filed with the Commission under SEC file No. 333-229640, are hereby incorporated by reference and made a part of this registration statement.
1

Supplement dated December 12, 2022
to the following statutory prospectus(es):
Nationwide Innovator Corporate VUL dated May 1, 2022 
This supplement updates certain information contained in your statutory prospectus. Please read and retain
this supplement for future reference.
I. Nationwide is issuing this Supplement to amend disclosure related to changes to policy charges for policies with a Policy Date on or after January 1, 2023.
Accordingly, the following updates have been made to the statutory prospectus:
1.
The Fee Table section, including related footnotes, is deleted in its entirety and replaced with the following:
Fee Table
The following tables describe the fees and expenses that a policy owner will pay when buying, owning, and surrendering or taking partial surrenders from the policy. Please refer to the Policy Data Pages of your policy for information about the specific fees you will pay based on the options you have elected.
The first table describes the fees and expenses that a policy owner will pay at the time the policy owner pays Premium into the policy, takes partial surrenders from the policy, or transfers Cash Value between investment options. 
Transaction Fees
Charge
When Charge is
Deducted
Amount Deducted
Percent of Premium Charge1
Upon making a Premium
payment
Maximum:
Policy Year 1
 
12% of Premium
received
up to Target Premium for
all policies;
 
12% of Premium
received that exceeds
Target Premium for all
policies
Currently:
Policy Year 1
 
10% of Premium received
up to Target Premium for
all policies;
 
2% of Premium if the
policy
is a modified
endowment contract2; and
 
0% of Premium received
that exceeds
Target Premium if the
policy is not a
modified endowment
contract
Illustration Charge3
If illustration requests
exceed 10 in any 12 month
period
Maximum:
$25
Currently:
$25
Partial Surrender Fee
Upon a partial surrender
Maximum:
$25
Currently:
$0
Overloan Lapse Protection Rider
Charge†
Upon invoking the Rider
Maximum:
For policies issued with
the guideline premium/
cash value corridor test:
$42.50 per $1,000 of
Cash Value
For policies issued with
the cash value
accumulation test:
$157 per $1,000 of Cash
Value
Minimum:
$1.50 per $1,000 of Cash
Value
PROS-0683
3
Transaction Fees
Charge
When Charge is
Deducted
Amount Deducted
Representative: an Attained Age 85
Insured with a Cash Value of $500,000
Upon invoking the Rider
$32 per $1,000 of Cash Value
†
This charge will vary based upon the individual characteristics of the Insured. Representative charges shown in the table may not be representative of the charge that a particular policy owner will pay. Policy owners can request an illustration of specific costs and/or see the Policy Data Pages for information about specific charges of the policy.
1
The Percent of Premium Charge is assessed each time a Premium payment is received. The Percent of Premium Charge will depend on whether the Target Premium for the year in which the Premium is received has been reached. For the applicable charge for all policy years after the first policy year, see Percent of Premium Charge in the statutory prospectus.
2
For policies with applications dated on or after October 1, 2020 that are modified endowment contracts the charge is 2%. For policies with application dated before October 1, 2020 that are modified endowment contracts, and for all policies that are not modified endowment contracts, the charge is 0%.
3
The policy owner will be expected to pay the Illustration Charge at the time of the request. This charge will not be deducted from the policy's Cash Value.
The next table describes the fees and expenses that a policy owner will pay periodically while the policy is In Force, not including mutual fund operating expenses. 
Periodic Charges Other than Annual Underlying Mutual Fund Expenses
Base Contract Charges
Charge
When Charge is
Deducted
Amount Deducted
Cost of Insurance Charge†
Monthly
Maximum:
$83.33 per $1,000 of Net
Amount At Risk
Minimum:
$0.03 per $1,000 of Net
Amount At Risk
Representative: an individual Insured,
unisex, Issue Age 42, non-tobacco, Total
Specified Amount $250,000, Death Benefit
Option 1, policy year 10 and issued on a
guaranteed issue basis
Monthly
Currently: $0.37 per $1,000 of Net Amount At Risk1
Flat Extra Charge2
Monthly
Maximum:
$2.08 per $1,000 of Net Amount At Risk for each Flat
Extra assessed
Base Policy Specified Amount
Charge†
Monthly
Maximum:
$0.40 per $1,000 of
Base Policy Specified
Amount
Minimum:
$0.00 per $1,000 of Base
Policy Specified
Amount
Representative: an individual Insured,
unisex, Issue Age 42, non-tobacco, Total
Specified Amount $250,000, Death Benefit
Option 1, policy year one and issued on a
guaranteed issue basis
Monthly
Currently: $0.00 per $1,000 of Base Policy Specified
Amount3
Variable Account Asset Charge
Monthly
Maximum:
0.90% of Cash Value
allocated to the Sub-
Accounts
Currently:
0.65% of Cash Value
allocated to the Sub-
Accounts4
Administrative Per Policy Charge
Monthly
Maximum:
$10.00 per policy
Currently:
$0.00 per policy5
PROS-0683
4
Base Contract Charges
Policy Loan Interest Charge6
Annually
and at the time of certain
events and transactions
Maximum:
2.50% of Indebtedness
Currently:
2.00% of Indebtedness
Optional Benefit Charges
Charge
When Charge is
Deducted
Amount Deducted
Additional Term Insurance Rider Cost
of Insurance Charge†
 
The Rider is available for election until the
Insured reaches Attained Age 100.
Monthly
Maximum:
$83.33 per $1,000 of
Rider Death Benefit
Minimum:
$0.01 per $1,000 of
Rider Death Benefit
Representative: an individual Insured,
unisex, Issue Age 42, non-tobacco, Total
Specified Amount $250,000, Death Benefit
Option 1, policy year 10 and issued on a
guaranteed issue basis
Monthly
$0.16 per $1,000 of Rider Death Benefit7
Additional Term Insurance Rider
Specified Amount Charge†
Monthly
Maximum:
$0.40 per $1,000 of
Rider Specified Amount
Minimum:
$0.00 per $1,000 of
Rider Specified Amount
Representative: an individual Insured,
unisex, Issue Age 42, non-tobacco, Total
Specified Amount $250,000, Death Benefit
Option 1, policy year one and issued on a
guaranteed issue basis
Monthly
$0.00 per $1,000 of Rider Specified Amount
†
This charge will vary based upon the individual characteristics of the Insured. Representative charges shown in the table may not be representative of the charge that a particular policy owner will pay. Policy owners can request an illustration of specific costs and/or see the Policy Data Pages for information about specific charges of the policy.
1
For policies with a Policy Date on or after January 1, 2023, the Representative example for the Cost of Insurance Charge is $0.37 per $1,000 of Net Amount At Risk. For policies with a Policy Date prior to January 1, 2023, the Representative example for the Cost of Insurance Charge is $0.31 per $1,000 of Net Amount at Risk.
2
The Flat Extra Charge is only applicable if certain factors result in an Insured having a Substandard Rating, see Cost of Insurance in the statutory prospectus. An Insured with more than one Substandard Rating may be assessed more than one Flat Extra Charge.
3
For policies with a Policy Date on or after January 1, 2023, the Representative example for the Base Policy Specified Amount Charge is $0.00 per $1,000 of Base Policy Specified Amount. For policies with a Policy Date prior to January 1, 2023, the Representative example for the Base Policy Specified Amount Charge is $0.08 per $1,000 of Base Policy Specified Amount.
4
For policies with a Policy Date on or after January 1, 2023, the current Variable Account Asset Charge is 0.65% of Cash Value allocated to the Sub-Accounts. For policies with a Policy Date prior to January 1, 2023, the current Variable Account Asset Charge is 0.50% of Cash Value allocated to the Sub-Accounts.
5
For policies with a Policy Date on or after January 1, 2023, the current Administrative Per Policy Charge is $0.00 per policy. For policies with a Policy Date prior to January 1, 2023, the current Administrative Per Policy Charge is $5.00 per policy.
6
The maximum and current Policy Loan Interest Charge rates are stated as gross rates of interest charged. The effective annual interest rate Nationwide may charge against Indebtedness will never exceed 2.50% for policies issued on or after June 1, 2020. For policies issued before June 1, 2020, the effective annual interest rate Nationwide may charge against Indebtedness will never exceed 3.50%. Currently, for policies issued on or after June 1, 2020, the effective annual interest rate charged on Indebtedness is 2.00% for the first ten policy years and 1.00% thereafter. For policies issued before June 1, 2020, the effective annual interest rate charged on Indebtedness is 3.00% for the first ten policy years and 2.00% thereafter. The Policy Loan Interest Charge is described in more detail in Policy Loans in the statutory prospectus.
7
For policies with a Policy Date on or after January 1, 2023, the Representative example for the Additional Term Insurance Rider Cost of Insurance Charge is $0.16 per $1,000 of Rider Death Benefit. For policies with a Policy Date prior to January 1, 2023, the amount to be deducted will be $0.25 per $1,000 of Rider Death Benefit.
PROS-0683
5
The next table shows the minimum and maximum total operating expenses charged by the underlying mutual funds that a policy owner may periodically pay while the policy is In Force. A complete list of the underlying mutual funds available under the policy, including their annual expenses, may be found at the back of this document in Appendix A: Underlying Mutual Funds Available Under the Policy. 
Annual Underlying Mutual Fund Expenses
 
Minimum
Maximum
(Expenses that are deducted from underlying mutual fund assets, including
management fees, distribution (12b-1) fees, and other expenses, as a percentage of
average underlying mutual fund assets.)
0.03%
1.81%
2.
The Variable Account Asset Charge section of the Standard Policy Charges provision is deleted in its entirety and replaced with the following:
Variable Account Asset Charge
Nationwide deducts a Variable Account Asset Charge proportionally from the Sub-Account allocations on the Policy Date and each monthly anniversary of the Policy Date. This charge is intended to compensate Nationwide for certain actual expenses, including acquisition costs and expenses, state and federal taxes. The Variable Account Asset Charge also provides revenue to compensate Nationwide for assuming certain risks associated with the policy, and revenue that may be profit.
The Variable Account Asset Charge applicable to the policy is determined by multiplying the current rate by the total Cash Value in the Sub-Accounts. The maximum guaranteed Variable Account Asset Charge is equal to an annualized rate of 0.90% of the policy's Cash Value allocated to the Sub-Accounts for all policy years. Currently, the annualized Variable Account Asset Charge rate assessed is based on the following schedule:
Variable Account Asset Charge Applicable to Policies with a Policy Date on or after January 1, 2023: 
Charge for Policy Years 1-20
Charge for Policy Years 21+
0.65% of Cash Value allocated to the Sub-Accounts
0.40% of Cash Value allocated to the Sub-Accounts
 
Variable Account Asset Charge Applicable to Policies with a Policy Date prior to January 1, 2023: 
Charge for Policy Years 1-20
Charge for Policy Years 21+
0.50% of Cash Value allocated to the Sub-Accounts
0.45% of Cash Value allocated to the Sub-Accounts
 
Reduction to Variable Account Asset Charge
The Variable Account Asset Charge may be reduced by an amount substantially equal to payments Nationwide expects to receive from certain underlying mutual funds based on the policy’s non-loaned Cash Value allocated to certain Sub-Accounts. Nationwide expects to receive payments from these underlying mutual funds for services Nationwide provides to them. The payment amount that Nationwide expects to receive from such underlying mutual funds is based on the rate stated in the contractual agreement with each underlying mutual fund and varies among underlying mutual funds and Sub-Accounts. Some underlying mutual funds do not currently make such payments to Nationwide. Nationwide may renegotiate agreements with these underlying mutual funds which may result in Nationwide receiving a different rate and payment than previously received. Nationwide may change the Variable Account Asset Charge reduction, if any, at any time.
On the Policy Date and on each monthly anniversary of the Policy Date, Nationwide will determine the amount of payments it expects to receive based on the policy’s’ Sub-Account allocations. Nationwide may then, in its sole discretion, reduce the Variable Account Asset Charge by an amount that represents the payments it expects to receive based upon the policy’s Sub-Account allocations. This reduction may exceed the then current Variable Account Asset Charge. Payments will be allocated to the policy’s Cash Value in accordance with current Sub-Account allocations, unless otherwise prohibited.
PROS-0683
6
Nationwide will treat any Variable Account Asset Charge reduction attributed to such payments as earnings under the policy for tax purposes.
Payments are more fully described in the Information on Underlying Mutual Fund Service Fee Payments section. For current Variable Account Asset Charge reductions by Sub-Account, see Appendix E: Reduction to Variable Account Asset Charge.
Applicable reductions are not guaranteed on a future basis and may be changed or discontinued at any time. If changed or discontinued, Nationwide will provide notice to all policy owners.
Although the resulting Variable Account Asset Charge may be lower if the policy owner selects Sub-Accounts that make payments to Nationwide, the policy owner should carefully select Sub-Accounts that are suitable for its purposes and goals. As such, Sub-Accounts that do not make payments to Nationwide or pay less than other Sub-Accounts may be more appropriate for the policy owner’s needs.
3.
The Administrative Expense Charge section of the Standard Policy Charges provision is deleted in its entirety and replaced with the following:
Administrative Expense Charge
An administrative charge is deducted proportionally from the policy's Sub-Account and Fixed Account allocations on the Policy Date and each monthly anniversary of the Policy Date. This charge reimburses Nationwide for the costs of maintaining the policy, including accounting and record-keeping and periodic reports to the policy owner. For policies with a Policy Date on or after January 1, 2023, the charge is currently $0 per month in all policy years. For policies with a Policy Date prior to January 1, 2023, the charge is $5 per month. The maximum guaranteed charge is $10 per month in all policy years.
4.
Appendix C: The Enhancement Benefit is deleted in its entirety and replaced with the following:
Appendix C: The Enhancement Benefit
The Enhancement Benefit is calculated monthly and is equal to the product of the Cash Value multiplied by the Enhancement Percentage. If an enhancement cap is applicable, the Enhancement Benefit will not exceed the product of (a) and (b), where:
(a) = the Enhancement Cap Percentage (if applicable)
(b) = the Total Percent of Premium Charge Paid.
Currently, the percentages used in the Enhancement Benefit calculation decline after the first policy year. The benefit decreases to zero at the end of the eleventh or sixth policy year depending on the ownership type of the policy.
Since the policy's Cash Value is a factor in determining the Enhancement Benefit, factors that impact the Cash Value will also impact the amount of the Enhancement Benefit, if any. If the Additional Term Insurance Rider is In Force, the Enhancement Benefit is reduced because of the lower charges associated with the Rider. For all policies except policies that are Corporate Owned Modified Endowment Contracts with a Policy Date on or after January 1, 2023, the following also applies:
•
The Additional Term Insurance Rider has no associated Enhancement Benefit or Enhancement Percentage.
•
When the Base Policy Specified Amount allocation is 1%, the Enhancement Percentage will be 0% rather than the blended rate.
For policies with a Policy Date on or after January 1, 2023, that are Corporate Owned Modified Endowment Contracts, the Additional Term Insurance Rider will have an associated Enhancement Benefit or Enhancement Percentage as described in the table below.
Corporate policy owners may elect to modify their Enhancement Benefit by choosing at the time the policy is issued a percentage allocation between two Enhancement Benefit schedules, Schedule A and Schedule B. This election is not available on individually owned policies. The enhancement percentages from the respective schedules will be blended, according to the allocation percentages elected to determine the Enhancement Benefit percentage applicable to a particular policy. This blending option allows the corporate policy owner to more closely match the benefit to the corporate liability it is intended to off-set.
PROS-0683
7
The A and B Enhancement Benefit schedules reflect different patterns of intended performance. Schedule A provides a greater Enhancement Benefit in early policy years and then decreases at a faster rate. Schedule B provides a lower Enhancement Benefit in the early policy years and decreases at a slower rate. The corporate purchaser can choose any percentage blend between Schedule A and Schedule B. Policy owners should consult with a financial professional to determine an appropriate blending of Enhancement Benefit schedules that best fit their particular needs.
The tables below show the current factors used to calculate the Enhancement Benefit for the first and last month of each policy year. The actual calculation will depend on the month the policy is surrendered because all factors decrease monthly during a policy year except for the first policy year. Policy owners may, free of charge, request a calculation of their current Enhancement Benefit by contacting the Service Center.
Enhancement Benefit Factors for Corporate Owned Modified Endowment Contracts with a Policy Date on or after January 1, 2023 
 
 
Base Policy
Enhancement
Percentage
Term Policy
Enhancement
Percentage
Policy Year
 
Month 1
Month 12
Month 1
Month 12
1
 
2.37%
2.37%
1.40%
1.40%
2
 
2.30%
1.55%
1.35%
0.86%
3
 
1.50%
0.89%
0.82%
0.44%
4
 
0.85%
0.40%
0.42%
0.15%
5
 
0.37%
0.08%
0.14%
0.01%
6
 
0.08%
0.00%
0.01%
0.00%
7+
 
0.00%
0.00%
0.00%
0.00%
 
Enhancement Benefit Factors for Corporate Owned Modified Endowment Contracts with a Policy Date prior to January 1, 2023 
 
 
Base Policy Enhancement
Percentage
Policy Year
 
Month 1
 
Month 12
1
 
3.500%
 
3.50%
2
 
3.463%
 
3.05%
3
 
2.979%
 
2.20%
4
 
2.108%
 
1.10%
5
 
1.038%
 
0.35%
6
 
0.321%
 
0.00%
7+
 
0.00%
 
0.00%
 
Enhancement Benefit Factors for Individually Owned Modified Endowment Contracts 
 
 
Base Policy Enhancement
Percentage
Policy Year
 
Month 1
 
Month 12
1
 
2.800%
 
2.80%
2
 
2.750%
 
2.20%
3
 
2.133%
 
1.40%
4
 
1.333%
 
0.60%
5
 
0.567%
 
0.20%
6
 
0.183%
 
0.00%
7+
 
0.00%
 
0.00%
 
PROS-0683
8
Enhancement Benefit Factors for Corporate Owned Non-Modified Endowment Contracts
Schedules A and B for Policies with a Policy Date on or after January 1, 2023 
Policy Year
 
Base Policy Enhancement
Percentage Schedule A
 
Base Enhancement
Percentage Schedule B
 
Enhancement
Cap A
Percentage
 
Enhancement
Cap B
Percentage
Month 1
 
Month 12
 
Month 1
 
Month 12
 
 
 
 
1
 
10.850%
 
10.85%
 
9.663%
 
9.66%
 
145%
 
120%
2
 
10.715%
 
9.23%
 
9.531%
 
8.08%
 
145%
 
120%
3
 
9.098%
 
7.64%
 
7.950%
 
6.56%
 
135%
 
125%
4
 
7.528%
 
6.30%
 
6.467%
 
5.42%
 
130%
 
130%
5
 
6.200%
 
5.10%
 
5.337%
 
4.43%
 
115%
 
125%
6
 
5.008%
 
4.00%
 
4.353%
 
3.48%
 
100%
 
110%
7
 
3.917%
 
3.00%
 
3.409%
 
2.57%
 
75%
 
95%
8
 
2.938%
 
2.25%
 
2.509%
 
1.84%
 
55%
 
75%
9
 
2.188%
 
1.50%
 
1.778%
 
1.15%
 
50%
 
55%
10
 
1.438%
 
0.75%
 
1.100%
 
0.54%
 
30%
 
35%
11
 
0.688%
 
0.00%
 
0.499%
 
0.00%
 
10%
 
30%
12+
 
0.000%
 
0.00%
 
0.000%
 
0.00%
 
0%
 
0%
 
Enhancement Benefit Factors for Corporate Owned Non-Modified Endowment Contracts
Schedules A and B for Policies with a Policy Date prior to January 1, 2023 
Policy Year
 
Base Policy Enhancement
Percentage Schedule A
 
Base Enhancement
Percentage Schedule B
 
Enhancement
Cap A
Percentage
 
Enhancement
Cap B
Percentage
Month 1
 
Month 12
 
Month 1
 
Month 12
 
 
 
 
1
 
13.590%
 
13.59%
 
11.080%
 
11.08%
 
145%
 
120%
2
 
13.420%
 
11.55%
 
10.945%
 
9.46%
 
145%
 
120%
3
 
11.379%
 
9.50%
 
9.380%
 
8.50%
 
135%
 
125%
4
 
9.3583%
 
7.80%
 
8.450%
 
7.90%
 
130%
 
130%
5
 
7.671%
 
6.25%
 
7.808%
 
6.80%
 
115%
 
125%
6
 
6.113%
 
4.60%
 
6.675%
 
5.30%
 
100%
 
110%
7
 
4.475%
 
3.10%
 
5.183%
 
3.90%
 
75%
 
95%
8
 
3.008%
 
2.00%
 
3.817%
 
2.90%
 
55%
 
75%
9
 
1.921%
 
1.05%
 
2.825%
 
2.00%
 
30%
 
55%
10
 
0.996%
 
0.40%
 
1.925%
 
1.10%
 
15%
 
35%
11
 
0.367%
 
0.00%
 
1.008%
 
0.00%
 
10%
 
30%
12+
 
0.00%
 
0.00%
 
0.00%
 
0.00%
 
0%
 
0%
 
Enhancement Benefit Factors for Individually Owned Non-Modified Endowment Contracts 
 
 
Base Policy Enhancement
Percentage
 
Enhancement
Cap Percentage
Policy Year
 
Month 1
 
Month 12
 
1
 
11.200%
 
11.20%
 
120%
2
 
10.983%
 
8.60%
 
110%
3
 
8.354%
 
5.65%
 
95%
4
 
5.429%
 
3.00%
 
75%
5
 
2.84%
 
1.08%
 
45%
6
 
0.99%
 
0.00%
 
25%
7+
 
0.00%
 
0.00%
 
0%
 
Using the factors available in the tables above, here are examples of how an Enhancement Benefit would be calculated.
In these examples, assume the following:
•
A surrender is requested in the last month of policy year 2.
•
The policy is a non-modified endowment contract and corporate owned.
•
The Cash Value is $200,000.
PROS-0683
9
•
The Base Policy Specified Amount Allocation (as a percentage of the Total Specified Amount) is 75%.
•
The Rider Specified Amount Allocation (as a percentage of the Total Specified Amount) is 25%.
•
The Total Percent of Premium Charge Paid is $15,250.
•
The Enhancement Schedule B Allocation is 100%.
•
The Enhancement Schedule A Allocation is 0%.
Using these assumptions, the Enhancement Benefit, capped by the Enhancement Cap, is calculated as follows for policies with a Policy Date on or after January 1, 2023:
Enhancement Percentage x Cash Value
Where: Enhancement Percentage = (Base Policy Specified Amount Allocation x Base Enhancement Percentage) + (Rider Specified Amount Allocation x Rider Enhancement Percentage) = (0.75 x 8.08%) + (0.25 x 0.00%) = 6.06% 
 
=
6.06% x $200,000 =$12,120.00
Enhancement
Cap
=
Enhancement Cap Percentage x Total Percent of Premium Charge Paid
 
=
120% x $15,250 =$18,300.00
Since $12,120.00 is less than the $18,300.00 Enhancement Cap, the Enhancement Benefit here is $12,120.00
Using the assumptions above, the Enhancement Benefit, capped by the Enhancement Cap, is calculated as follows for policies with a Policy Date prior to January 1, 2023:
Enhancement Percentage x Cash Value
Where: Enhancement Percentage = (Base Policy Specified Amount Allocation x Base Enhancement Percentage) + (Rider Specified Amount Allocation x Rider Enhancement Percentage) =(0.75 x 9.46%) + (0.25 x 0.00%) = 7.095% 
 
=
7.095% x $200,000 =$14,190.00
Enhancement
Cap
=
Enhancement Cap Percentage x Total Percent of Premium Charge Paid
 
=
120% x $15,250 =$18,300.00
Since $14,190.00 is less than the $18,300.00 Enhancement Cap, the Enhancement Benefit here is $14,190.00
 
5.
Appendix D: Examples of Policy Charge Blending is deleted in its entirety and replaced with the following:
Appendix D: Examples of Policy Charge Blending
The tables and the calculations below show examples of how actual charges would be determined using a sample policy assuming the following:
•
The policy is in policy year 3.
•
The Total Specified Amount is $1,000,000.
•
The Total Specified Amount is allocated 80% to Base Policy Specified Amount and 20% to Rider Specified Amount. Therefore, the Base Policy Specified Amount Allocation is 80% and Rider Specified Amount Allocation is 20%.
•
The policy is not a modified endowment contract.
In each table, the first column after the "Policy Year" column shows charges associated with the base policy, the second column shows charges associated with the Additional Term Insurance Rider and the third column shows how those charges will be "blended" with an election of the Additional Term Insurance Rider. The "blending" calculates charges based on a weighted average of the Base Policy Specified Amount and Rider Specified Amount. To determine the weighted average, the charge amount attributed to base policy charges and rider charges are independently multiplied by their respective allocations and the result of each is added together to achieve the total charge assessed. When the Base Policy Specified Amount allocation is 1%, rather than using the blended rates, the Percent of Premium Charge will be 0% and the Base Policy Specified Amount Charge will be $0.
PROS-0683
10
All of the tables and calculation examples use the current charges as disclosed in the Fee Table section of the prospectus. If maximum charges were used in these examples, the charges would be higher.
Percent of Premium Charge: Deducted from Each Premium Paid 
Policy Year
Target Premium
Charge
Excess Premium
Charge
80%/20%
Charge Blend
1
10.00%
0.00%
8.00%
2
8.00%
0.00%
6.40%
3
6.00%
0.00%
4.80%
4
5.00%
0.00%
4.00%
5
4.00%
0.00%
3.20%
6
3.00%
0.00%
2.40%
7+
2.00%
0.00%
1.60%
Using the charges in the table above and the assumptions in the example listed above, here is how the total Percent of Premium Charge is calculated.
Total Percent of Premium Charge
= [(Base Policy Specified Amount Allocation) x (Target Premium Charge)] +
 [(Rider Specified Amount Allocation) x (Excess Premium Charge)]
= [(0.80) x (0.06)] + [(0.20) x (0.00)]
= [(0.048)] + [(0.00)]
= 0.048 or 4.80% of Premium received during the policy year.
Total Specified Amount Charge: Deducted Monthly from Cash Value for Policies with a Policy Date on or after January 1, 2023 
Policy Year
Base Policy Specified
Amount Charge
Rider Specified
Amount Charge
80%/20%
Charge Blend
1
$0.00
$0.00
$0.00
2
$0.00
$0.00
$0.00
3
$0.00
$0.00
$0.00
4
$0.00
$0.00
$0.00
5
$0.00
$0.00
$0.00
Using the charges in the table above and the assumptions in the example listed above, here is how the Total Specified Amount Charge is calculated for policies with a Policy Date on or after January 1, 2023:
Total Specified Amount Charge Per Month
= [(Base Policy Specified Amount Allocation) x (Base Policy Specified Amount Charge)] +
 [(Rider Specified Amount Allocation) x (Rider Specified Amount Charge)]
= [(0.80) x ($0.00)] + [(0.20) x ($0.00)]
= [($0.00)] + [($0.00)]
= $0.00 deducted monthly from Cash Value.
Total Specified Amount Charge: Deducted Monthly from Cash Value for Policies with a Policy Date prior to January 1, 2023 
Policy Year
Base Policy Specified
Amount Charge
Rider Specified
Amount Charge
80%/20%
Charge Blend
1
$80.00
$0.00
$64.00
2
$80.00
$0.00
$64.00
3
$80.00
$0.00
$64.00
4
$80.00
$0.00
$64.00
5
$80.00
$0.00
$64.00
PROS-0683
11
Using the charges in the table above and the assumptions in the example listed above, here is how the Total Specified Amount charge is calculated for policies with a Policy Date prior to January 1, 2023.
Total Specified Amount Charge Per Month
= [(Base Policy Specified Amount Allocation) x (Base Policy Specified Amount Charge)] +
 [(Rider Specified Amount Allocation) x (Rider Specified Amount Charge)]
= [(0.80) x ($80.00)] + [(0.20) x ($0.00)]
= [($64.00)] + [($0.00)]
= $64.00 deducted monthly from Cash Value.
Note that the table above only illustrates the Specified Amount charges for the first five Policy Years. These charges will continue to be assessed beyond the first five Policy Years.
Cost of Insurance Charge based on Issue Age of 45: Deducted Monthly from Cash Value for Policies with a Policy Date on or after January 1, 2023* 
Policy Year
Base Cost
of Insurance
Rider Cost
of Insurance
80%/20%
Charge Blend
1
0.02667
0.00958
0.02325
2
0.05983
0.02156
0.05218
3
0.10216
0.03695
0.08912
4
0.15832
0.05742
0.13814
5
0.23601
0.08591
0.20599
* Cost of Insurance charge rates change each policy year based on the increasing age of the Insured.
Using the charges in the table above and the assumptions in the example listed above, here is how the Cost of Insurance Charge is calculated for policies with a Policy Date on or after January 1, 2023:
Cost of Insurance Charge
= [(Base Policy Specified Amount Allocation) x (Base Policy Cost of Insurance Charge)] +
 [(Rider Specified Amount Allocation) x (Rider Cost of Insurance Charge)]
= [(0.80) x (0.10216)] + [(0.20) x (0.03695)]
= [(0.08173)] + [(0.00739)]
= 0.08912 per $1,000 of Net Amount At Risk.
Note that the table above only illustrates the Cost of Insurance charges for the first five Policy Years. These charges will continue to be assessed beyond the first five Policy Years.
Cost of Insurance Charge based on Issue Age of 45: Deducted Monthly from Cash Value for Policies wih a Policy Date prior to January 1, 2023* 
Policy Year
Base Cost
of Insurance
Rider Cost
of Insurance
80%/20%
Charge Blend
1
0.02435
0.01997
0.02347
2
0.05673
0.04009
0.05340
3
0.09548
0.07100
0.09058
4
0.14255
0.10607
0.13525
5
0.20091
0.14958
0.19064
* Cost of Insurance charge rates change each policy year based on the increasing age of the Insured.
Using the charges in the table above and the assumptions in the example listed above, here is how the Cost of Insurance Charge is calculated for policies with a Policy Date prior to January 1, 2023.
Cost of Insurance Charge
= [(Base Policy Specified Amount Allocation) x (Base Policy Cost of Insurance Charge)] +
 [(Rider Specified Amount Allocation) x (Rider Cost of Insurance Charge)]
= [(0.80) x (0.09548)] + [(0.20) x (0.071)]
PROS-0683
12
= [(0.076384)] + [(0.0142)]
= 0.09058 per $1,000 of Net Amount At Risk.
Note that the table above only illustrates the Cost of Insurance charges for the first five Policy Years. These charges will continue to be assessed beyond the first five Policy Years.
PROS-0683
13

PART C. OTHER INFORMATION
Item 30. Exhibits
b)
Not Applicable
f)
Depositor’s Certificate of Incorporation and By-Laws –
g)
Form of Reinsurance Contracts –
h)
Form of Participation Agreements –
The following fund participation agreements were previously filed and are hereby incorporated by reference.
i)
Form of Administrative Contracts –
The following administrative contracts were previously filed and are hereby incorporated by reference.
j)
Not Applicable.
l)
Not Applicable.
m)
Not Applicable.
n)
Consent of Independent Registered Public Accounting Firm – To be filed by subsequent Post-Effective Amendment.
o)
Not Applicable.
p)
Not Applicable.
Item 31. Directors and Officers of the Depositor
The business address of the Directors and Officers of the Depositor is:
One Nationwide Plaza, Columbus, Ohio 43215 
President and Chief Operating Officer and Director
Carter, John L.
Executive Vice President-Chief Human Resources Officer
Clements, Vinita J.
Executive Vice President-Chief Technology Officer
Fowler, James R.
Executive Vice President and Director
Frommeyer, Timothy G.
Senior Vice President-NF Strategic Customer Solutions
Ambrozy, Tina S.
Senior Vice President-Marketing Management - Financial Services
Bair, Ann S.
Senior Vice President-Head of Taxation
Biesecker, Pamela A.
Senior Vice President-Chief Technology Officer - Nationwide Financial
Carrell, Michael W.
Senior Vice President-Chief Investment Officer
Coleman, Joel L.
Senior Vice President-Chief Compliance Officer
Dankovic, Rae Ann
Senior Vice President-External Affairs
English, Steven M.
Senior Vice President-Chief Financial Officer - Nationwide Financial and Director
Ginnan, Steven A.
Senior Vice President-Annuity Distribution
Guymon, Rona
Senior Vice President-Retirement Solutions Sales
Hawley, Craig A.
Senior Vice President-Nationwide Annuity and Director
Henderson, Eric S.
Senior Vice President and Treasurer
LaPaul, David
Senior Vice President-IT Chief Financial Officer, Procurement & BTO
O'Brien, Kevin G.
Senior Vice President-Corporate Solutions
Perez, Juan J.
Senior Vice President-Nationwide Retirement Institute
Rodriguez, Kristi L.
Senior Vice President-Finance & Strategy Legal and Corporate Secretary
Skingle, Denise L.
Senior Vice President-Nationwide Life and Director
Snyder, Holly R.
Senior Vice President-Investment Management Group
Spangler, Michael S.
Senior Vice President-Retirement Solutions
Stevenson, Eric
Director
Walker, Kirt A.
Item 32. Persons Controlled by or Under Common Control with the Depositor or Registrant
Following is a list of entities directly or indirectly controlled by or under common control with the depositor or registrant. Ownership is indicated through indentation. Unless otherwise indicated, each subsidiary is either wholly-owned or majority-owned by the parent company immediately preceding it. (For example, Nationwide Fund Distributors, LLC is either wholly-owned or majority owned by NFS Distributors, Inc.) Separate accounts that have been established pursuant to board resolution but are not, and have never been, active are omitted. 
Company
Jurisdiction
of Domicile
Brief Description of Business
Nationwide Financial Services, Inc.
Delaware
The company acts primarily as a holding company for
companies within the Nationwide organization that offer or
distribute life insurance, long-term savings and retirement
products.
NFS Distributors, Inc.
Delaware
The company acts primarily as a holding company for
Nationwide Financial Services, Inc. companies.
Nationwide Financial General Agency, Inc.
Pennsylvania
The company is a multi-state licensed insurance agency.
Nationwide Fund Distributors, LLC
Delaware
The company is a limited purpose broker-dealer.
Nationwide Fund Management, LLC
Delaware
The company provides administration, transfer and
dividend disbursing agent services to various mutual fund
entities.
Nationwide Retirement Solutions, Inc.
Delaware
The company markets and administers deferred
compensation plans for public employees.
Nationwide Securities, LLC
Delaware
The company is a general purpose broker-dealer and
investment adviser registered with the Securities and
Exchange Commission.
Company
Jurisdiction
of Domicile
Brief Description of Business
Nationwide Trust Company, FSB
Federal
This is a federal savings bank chartered by the Office of
Thrift Supervision in the United States Department of
Treasury to exercise deposit, lending, agency, custody
and fiduciary powers and to engage in activities
permissible for federal savings banks under the Home
Owners’ Loan Act of 1933.
Nationwide Financial Services Capital Trust
Delaware
The trust’s sole purpose is to issue and sell certain
securities representing individual beneficial interests in the
assets of the trust
525 Cleveland Avenue, LLC
Ohio
This is a limited liability company organized under the
laws of the State of Ohio. The company was formed to
provide remedial real property cleanup prior to sale.
Nationwide Life Insurance Company 2
Ohio
The corporation provides individual life insurance, group
and health insurance, fixed and variable annuity products
and other life insurance products.
Jefferson National Financial Corporation3
Delaware
A stock corporation. The corporation is the holding
company of Jefferson National Life Insurance Company,
Jefferson National Life Insurance Company of New York,
Jefferson National Securities Corporation, and JNF
Advisors, Inc., offering annuity products and services.
Jefferson National Life Insurance Company2,3
Texas
The company provides life, health and annuity products.
Jefferson National Life Annuity Company C2,3
 
A separate account issuing variable annuity products.
Jefferson National Life Annuity Account E2,3
 
A separate account issuing variable annuity products.
Jefferson National Life Annuity Account F2,3
 
A separate account issuing variable annuity products.
Jefferson National Life Annuity Account G2,3
 
A separate account issuing variable annuity products.
Jefferson National Life Insurance Company of
New York2,3
New York
The company provides variable annuity products.
Jefferson National Life of New York Annuity
Account 12,3
 
A separate account issuing variable annuity products.
Jefferson National Securities Corporation3
Delaware
The company is a limited purpose broker-dealer and
distributor of variable annuities for Jefferson National Life
Insurance Company and Jefferson National Life Insurance
Company of New York.
MFS Variable Account2,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Multi-Flex Variable Account2,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Variable Account2,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Variable Account-II2,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Variable Account-32,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Variable Account-42,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Variable Account-52,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Variable Account-62,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Variable Account-72,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Variable Account-82,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Variable Account-92,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Variable Account-102,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Variable Account-112,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Variable Account-122,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Variable Account-132,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Variable Account-142,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Variable Account-152,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Provident VA Separate Account 12,3
Pennsylvania
A separate account issuing variable annuity contracts.
Nationwide VLI Separate Account2,3
Ohio
A separate account issuing variable life insurance
policies.
Nationwide VLI Separate Account-22,3
Ohio
A separate account issuing variable life insurance
policies.
Nationwide VLI Separate Account-32,3
Ohio
A separate account issuing variable life insurance
policies.
Company
Jurisdiction
of Domicile
Brief Description of Business
Nationwide VLI Separate Account-42,3
Ohio
A separate account issuing variable life insurance
policies.
Nationwide VLI Separate Account-52,3
Ohio
A separate account issuing variable life insurance
policies.
Nationwide VLI Separate Account-62,3
Ohio
A separate account issuing variable life insurance
policies.
Nationwide VLI Separate Account-72,3
Ohio
A separate account issuing variable life insurance
policies.
Nationwide Provident VLI Separate Account 12,3
Pennsylvania
A separate account issuing variable life insurance
policies.
Nationwide Investment Services Corporation3
Oklahoma
This is a limited purpose broker-dealer and distributor of
variable annuities and variable life products for
Nationwide Life Insurance Company and Nationwide Life
and Annuity Insurance Company. The company also
provides educational services to retirement plan sponsors
and its participants.
Nationwide Financial Assignment Company3
Ohio
The company is an administrator of structured
settlements.
Nationwide Investment Advisors, LLC3
Ohio
The company provides investment advisory services.
Eagle Captive Reinsurance, LLC3
Ohio
The company is engaged in the business of insurance
Nationwide Life and Annuity Insurance
Company2,3
Ohio
The company engages in underwriting life insurance and
granting, purchasing and disposing of annuities.
Nationwide VA Separate Account-A2,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide VA Separate Account-B2,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide VA Separate Account-C2,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide VA Separate Account-D2,3
Ohio
A separate account issuing variable annuity contracts.
Nationwide Provident VA Separate Account
A2,3
Delaware
A separate account issuing variable annuity contracts.
Nationwide VL Separate Account-C2,3
Ohio
A separate account issuing variable life insurance
policies.
Nationwide VL Separate Account-D2,3
Ohio
A separate account issuing variable life insurance
policies.
Nationwide VL Separate Account-G2,3
Ohio
A separate account issuing variable life insurance
policies.
Nationwide Provident VLI Separate Account
A2,3
Delaware
A separate account issuing variable life insurance
policies.
Olentangy Reinsurance, LLC3
Vermont
The company is a captive life reinsurance company.
Nationwide SBL, LLC
Ohio
The company is a lender offering securities-back lines of
credit.
Registered Investment Advisors Services, Inc.
Texas
The company is a technology company that facilitates
third-party money management services for registered
investment advisors
Nationwide Fund Advisors4
Delaware
The trust acts as a registered investment advisor.
1
This subsidiary/entity is controlled by its immediate parent through contractual association.
2
This subsidiary/entity files separate financial statements.
3
Information for this subsidiary/entity is included in the consolidated financial statements of its immediate parent.
4
This subsidiary/entity is a business trust.
Item 33. Indemnification
Provision is made in Nationwide’s Amended and Restated Code of Regulations and expressly authorized by the General Corporation Law of the State of Ohio, for indemnification by Nationwide of any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative by reason of the fact that such person is or was a director, officer or employee of Nationwide, against expenses, including attorneys fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding, to the extent and under the circumstances permitted by the General Corporation Law of the State of Ohio.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 ("Act") may be permitted to directors, officers or persons controlling Nationwide pursuant to the foregoing provisions, Nationwide has been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
Item 34. Principal Underwriter
Nationwide Investment Services Corporation ("NISC")
a)
NISC serves as principal underwriter and general distributor for the following separate investment accounts of Nationwide or its affiliates: 
MFS Variable Account
Nationwide VA Separate Account-C
Multi-Flex Variable Account
Nationwide VA Separate Account-D
Nationwide Variable Account
Nationwide VLI Separate Account
Nationwide Variable Account-II
Nationwide VLI Separate Account-2
Nationwide Variable Account-3
Nationwide VLI Separate Account-3
Nationwide Variable Account-4
Nationwide VLI Separate Account-4
Nationwide Variable Account-5
Nationwide VLI Separate Account-5
Nationwide Variable Account-6
Nationwide VLI Separate Account-6
Nationwide Variable Account-7
Nationwide VLI Separate Account-7
Nationwide Variable Account-8
Nationwide VL Separate Account-C
Nationwide Variable Account-9
Nationwide VL Separate Account-D
Nationwide Variable Account-10
Nationwide VL Separate Account-G
Nationwide Variable Account-11
Nationwide Provident VA Separate Account 1
Nationwide Variable Account-12
Nationwide Provident VA Separate Account A
Nationwide Variable Account-13
Nationwide Provident VLI Separate Account 1
Nationwide Variable Account-14
Nationwide Provident VLI Separate Account A
Nationwide Variable Account-15
 
Nationwide VA Separate Account-A
 
Nationwide VA Separate Account-B
 
b)
Directors and Officers of NISC:  
President and Director
Ambrozy, Tina S.
Senior Vice President-Head of Taxation
Biesecker, Pamela A.
Senior Vice President and Secretary
Skingle, Denise L.
Vice President-Tax
Eppley, Daniel P.
Vice President and Assistant Secretary
Garman, David A.
Vice President-Chief Compliance Officer
Rabenstine, James J.
Vice President-CFO – Life Insurance
Wild, Keith D.
Associate Vice President and Assistant Treasurer
Hacker, Hope C.
Associate Vice President and Assistant Treasurer
Reese, John A.
Associate Vice President and Assistant Treasurer
Walker, Tonya
Associate Vice President and Treasurer
Roswell, Ewan T.
Assistant Secretary
Bowman, Heidi
Assistant Secretary
Dokko, David
Assistant Secretary
Hartman, Mark E.
Assistant Secretary
Hinze, Keith W.
Director
Henderson, Eric S.
Director
Stevenson, Eric
The business address of the Directors and Officers of NISC is:
One Nationwide Plaza, Columbus, Ohio 43215.
c) 
Name of Principal Underwriter
Net Underwriting
Discounts
Compensation on
Redemption
Brokerage
Commissions
Other
Compensation
Nationwide Investment Services Corporation
N/A
N/A
N/A
N/A
Item 35. Location of Accounts and Records
Steven A. Ginnan
Nationwide Life Insurance Company
One Nationwide Plaza
Columbus, OH 43215
Item 36. Management Services
Not Applicable
Item 37. Fee Representation
Nationwide Life Insurance Company represents that the fees and charges deducted under the contract in the aggregate are reasonable in relation to the services rendered, the expenses expected to be incurred and risks assumed by Nationwide Life Insurance Company.

SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Columbus, and State of Ohio, on October 11, 2022. 
Nationwide VLI Separate Account-4
(Registrant)
Nationwide Life Insurance Company
(Depositor)
By: /s/ Paige L. Ryan
Paige L. Ryan
Attorney-in-Fact
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated, on October 11, 2022. 
JOHN L. CARTER
 
John L. Carter, President and Chief Operating Officer
and Director
 
HOLLY R. SNYDER
 
Holly R. Snyder, Senior Vice President and Director
 
TIMOTHY G. FROMMEYER
 
Timothy G. Frommeyer, Executive Vice President and
Director
 
ERIC S. HENDERSON
 
Eric S. Henderson, Senior Vice President-Nationwide
Annuity and Director
 
STEVEN A. GINNAN
 
Steven A. Ginnan, Senior Vice President-Chief Financial
Officer-Nationwide Financial and Director
 
KIRT A. WALKER
 
Director
 
 
By /s/ Paige L. Ryan
 
Paige L. Ryan
Attorney-in-Fact
EX-99.(Q) 2 d354400dex99q.htm REDEEMABILITY EXEMPTION Redeemability Exemption
Consent of Independent Registered Public Accounting Firm
[To be filed by subsequent Post-Effective Amendment].
NATIONWIDE LIFE INSURANCE COMPANY AND
NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY
DESCRIPTION OF ISSUANCE, TRANSFER AND REDEMPTION
PROCEDURES FOR VARIABLE LIFE INSURANCE POLICIES PURSUANT TO
RULE 6e-2(b)(12)(ii) and 6e-3(b)(12)(iii)
This document sets forth the administrative procedures that will be followed by Nationwide Life Insurance Company and Nationwide Life and Annuity Insurance Company, hereinafter individually and collectively referred to as "Nationwide," in connection with the issuance of its Flexible Premium Universal Life Insurance Policies ("Policy"), the transfer of assets held under the Policies, and the redemption by Policy owners of their interests in said Policies.
Unless otherwise indicated, defined terms have the same meaning given them in the prospectus.
I. PURCHASE AND RELATED TRANSACTIONS
A. Premium and Underwriting Standards
The Policy is a flexible premium variable life insurance policy. The Policy provides lifetime insurance protection for the insured named in the Policy, with a death benefit payable when the insured dies while the Policy is In Force and prior to the Maturity Date. A Policy owner may elect one of two Internal Revenue Code life insurance qualification tests and one of two or three options to calculate the amount of death benefit payable under the Policy. The Policy will be offered and sold pursuant to an established mortality structure and underwriting standards in accordance with state insurance laws which prohibit unfair discrimination among Policy owners, but allow cost of insurance rates to be based upon risk classification factors including, but not limited to, age, sex, health, occupation, and activities.
The amount of your required initial Premium payment will depend on the following factors: the initial Specified Amount, Death Benefit option elected, any Riders elected, and the Insured's risk classification. You may pay the initial Premium to our Home Office address stated in the prospectus or to our authorized representative. The initial Premium payment must be at least the minimum amount stipulated in the prospectus. The initial Premium payment will not be applied to the policy until the underwriting process is complete.
B. Application and Initial Premium
Purchasers of policies must submit an application through an authorized registered representative of a broker-dealer with a selling agreement with Nationwide who is also an authorized insurance agent. Upon receipt of a completed application for a Policy in good order, Nationwide will follow certain insurance underwriting (i.e., evaluation of risk) procedures designed to determine whether the proposed insured is insurable.
Life insurance is based on the principle of pooling and distribution of mortality risks, which assumes that each Policy owner pays policy charges commensurate with the Insured's mortality risks as actuarially determined using factors such as age, sex, method of underwriting and rate class of the Insured. Uniform policy charges for all Insureds would discriminate unfairly in favor of those Insureds representing greater risk. Although there are no uniform policy charges for all Insureds, there are uniform policy charges for all Insureds of the same rate class, age, sex, issue date and Specified Amount. The underwriting process may involve verification procedures and may require that further information be provided by the applicant before a determination can be made. Nationwide will first become obligated under a Policy when the total initial premium is received or on the date the application is accepted by Nationwide, whichever is later. Administrative procedures are in place, including random audits, to ensure that Nationwide's underwriting guidelines are being accurately applied. Underwriting criteria and procedures also apply in the pricing and approval of increases to the Specified Amount.
The initial Net Premium allocation is made by the Policy owner along with the application. Net Premium allocations must add up to 100%. Premium is applied net of applicable charges.
If Premium is submitted with the application (or otherwise prior to issuance of a Policy), it will be held in a no interest suspense account until the underwriting process is complete. Administrative procedures are in place to provide notice and timely follow up to resolve incomplete and/or additional information required to complete processing. If timely resolution of any good order requirements for incomplete and/or additional information cannot be obtained, amounts held in suspense will be refunded according to established procedures.
28
After the Policy is issued, insurance coverage under the Policy will be deemed to have begun as of the Policy Date. The Policy Date is usually the date that the Policy is issued. In some instances the Policy Date is administratively backdated to save age as permitted under state insurance law. In such cases, the initial Premium will be applied to the Policy using current day pricing net of all applicable charges from the Policy Date to the current day. The Policy Date is the date used to determine Policy years, Policy months, and Policy monthly, quarterly, semi-annual and annual anniversaries.
Right to Examine and Cancel the Policy
Pursuant to state insurance law, the Policy owner may cancel the Policy during the right to examine period ("free-look"). The free-look period expires 10 days after the Policy owner receives the Policy (or longer if required by state law). The applicable free look period is stated on the face page of your Policy.
To exercise the right to cancel the Policy during the free-look period, return the Policy to the sales representative who sold it to you or return it to us at our Home Office, stated in the prospectus, along with your written cancellation request on a form we provide. Your written request must be received, if returned by means other than U.S. mail, or post-marked, if returned by U.S. mail, by the last day of the free look period. Within 7 days, we will refund the amount prescribed by the law of the state in which we issued the policy. This amount will be either the initial Premium payment (plus any additional Premium submitted during the free look period) or the Policy's Cash Value (see section III.A for information on surrender processing). If the Policy is canceled, we will treat the Policy as if it was never issued.
Depending on the right to examine law of the state in which a policy was issued, initial Net Premium designated to be allocated to the variable investment options ("Sub-Accounts") may not be so allocated immediately upon issuance of the Policy. If a policy was issued in a state that requires us to refund the initial Premium upon exercise of the free-look provision, we will hold all of the initial Net Premium designated to be allocated to the Sub-Accounts in the available money market Sub-Account or elected fixed account until the free-look period expires. Within two days after expiration of the free-look period, we will transfer the Cash Value allocated to the Sub-Accounts based on the allocation instructions in effect at the time of the transfer. If a policy was issued in a state that requires us to refund the Cash Value upon exercise of the free-look provision, we will allocate all of the initial Net Premium to the available money market Sub-Account or elected fixed account. Within two days, we will allocate all of the Cash Value to the designated Sub-Accounts based on the allocation instructions in effect at that time. Any initial Net Premium designated to be allocated to fixed investment options will be so allocated immediately upon issue of the Policy.
U.S. Patriot Act / Anti-Money Laundering
Before Nationwide will issue a Policy, it must take certain steps to comply with federal laws intended to combat terrorism and money laundering.
Nationwide will conduct a screen of each Policy owner name against the list maintained by the U.S. Department of Treasury's Office of Foreign Asset Control (OFAC). If a positive identification is made, Nationwide may be required to (i) reject and report the transaction, or (ii) block the transaction, place the funds or assets in a separate blocked transaction account, and report the matter to OFAC. These procedures will also be followed in connection with loan transactions, Policy owner changes, and payment of any surrender or Death Benefit proceeds.
Nationwide will comply with all applicable requirements of the Bank Secrecy Act. Nationwide will monitor Policy transactions as outlined in our anti-money laundering program for suspicious activity and other violations of anti-money laundering laws, rules, and regulations. Nationwide will not accept cash.
C. Additional Premium Payments
The Policy is a flexible premium policy, and it provides flexibility to pay Premiums at the Policy owner’s discretion. When applying for a Policy, a Policy owner will determine a planned periodic premium that provides for the payment of level Premiums of fixed intervals over a specified period of time. Each Policy owner may request to receive a Premium reminder notice on either an annual, semi-annual, quarterly, or monthly basis; however, the Policy owner is not required to pay planned periodic premiums.
Payment of the planned periodic premium will not guarantee that a Policy will remain In Force. Instead, continuation of the Policy depends upon the Policy’s Cash Surrender Value. Except to the extent the conditions of the Guaranteed Policy Continuation Provision, if applicable, detailed in the prospectus are met, even if planned periodic premiums are paid, the Policy will lapse any time the Cash Surrender Value is insufficient to pay the current monthly deduction and a grace period expires without sufficient payment.
Additional Premium payments will be allocated according to the most recent instructions submitted in good order. Allocations must add up to 100%.
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D. Premium Payment Processing
Subject to the underwriting, application, and initial Premium payment processing requirements described above, Premium payments received in good order (with instructions sufficient to permit processing) before close of the New York Stock Exchange on any day it is open for business 1 will generally be processed and valued as described in the prospectus the same day. Premium payments received in good order after close of the New York Stock Exchange or on a non-business day will generally be processed and valued the next business day. Processing and valuation of the Premium payment attributable to the variable Sub-Accounts may be postponed, however, when: the New York Stock Exchange is closed; the SEC restricts trading or declares an emergency; the SEC permits us to defer it for the protection of our Policy owners.
Processing of Premium payments is subject to the following additional administrative requirements:
1.
Premium payments received with missing or incomplete allocation instructions will be held in a no interest suspense account until complete instructions are received or refunded.
2.
Nationwide may reject or limit any Premium payment that would result in an immediate increase in the Net Amount at Risk under the Policy, although such Premium may be accepted with satisfactory evidence of insurability.
3.
Nationwide may reject or limit any Premium payment that would cause the Policy not to qualify as life insurance under Section 7702 of the Internal Revenue Code based on the Internal Revenue Code Life Insurance Qualification test elected by the Policy owner on the application.
4.
Nationwide may reject or limit any Premium payment that would cause the Policy to be or become a Modified Endowment Contract ("MEC") under Section 7702A of the Internal Revenue Code unless the Policy owner authorizes otherwise in writing.
5.
Monitoring pursuant to the U.S. Patriot Act / Anti-Money Laundering procedures described above.
Administrative procedures are in place to ensure issues under items 1-4 that prevent application of Premium are resolved or Premium is refunded in a timely fashion. Such procedures include, notifying the Policy owner, and when appropriate the registered representative, of steps necessary to resolve the issue and permit application of the Premium payment, and monitoring of Nationwide's suspense accounts to refund amounts that cannot be applied within established timelines.
Allocation instructions may be changed at any time while the Policy is In Force. All Premium payments and written correspondence are date and time stamped upon receipt to identify the appropriate processing date. Allocation instructions through Nationwide's web site are automatically identified to the date the change is made.
E. Grace Period / Policy Lapsation
If the Cash Surrender Value is insufficient to cover deductions and charges on a monthly payment date, Nationwide will give written notice to the Policy owner that if the amount shown in the notice (which will be sufficient to cover the deduction amount(s) due) is not paid within 61 days (the "grace period"), the Policy will lapse. The Policy will remain In Force through the grace period, but if no payment is received, it will terminate at the end of the grace period. In order to avoid termination, the Policy owner must pay an amount equal to the lesser of three times the charges and deductions due or the amount required to satisfy the guaranteed Policy continuation provision described in the prospectus, if applicable.
If the required payment is made during the grace period, for administrative purposes and deduction of unpaid charges, the Premium payment will be treated as if received the day prior to the date the Policy entered the grace period. For allocation purposes, such payment will be allocated among the variable accounts and the fixed investment options as described in Section I.D.
If the Insured dies during the grace period, the death benefit proceeds will equal the amount of the death benefit immediately prior to the commencement of the grace period, reduced by any unpaid monthly deductions and charges due and any Policy Indebtedness.
A lapsed Policy may be reinstated at any time within three years after the end of the grace period (or longer if required by state law) but before the Maturity Date.
F. Reinstatement
You may reinstate a Lapsed Policy by: (1) submitting a written request to reinstate the policy, on a form we provide, at any time within 3 years after the end of the Grace Period (or longer if required by state law) and before the Maturity Date; (2) providing any evidence of insurability that we may require; (3) paying Premium (a) sufficient to cover all policy charges
30
that were due and unpaid during the Grace Period, plus (b) the lesser of (i) Premium sufficient to keep the policy In Force for 3 months from the date of reinstatement, or (ii) the amount required to satisfy the Guaranteed Policy Continuation Provision described in the prospectus, if applicable; and (4) repaying or reinstating any Indebtedness that existed at the end of the Grace Period.
If the required payment is made and the other good order requirements for reinstatement above are met, the Premium payment will be treated as if received the day prior to the date the Policy entered the grace period for administrative purposes and deduction of unpaid charges through the date of reinstatement. For allocation purposes, Net Premium will then be allocated among the variable Sub-Accounts and the fixed investment options as described in Section I.D. If the Policy is reinstated, the Cash Value on the date of reinstatement will be set equal to the lesser of (1) the Cash Value at the end of the Grace Period; or (2) the surrender charge corresponding to the Policy year in which the Policy is reinstated, as described in the prospectus.
The Premium allocation instructions that were in effect at the start of the grace period will be reinstated, unless you request otherwise in the application for reinstatement.
II. TRANSFER AMONG INVESTMENT OPTIONS
After the Right to Examine period, a Policy owner may request a transfer between investment options subject to limitations described in the prospectus to the Policy.
Transfer requests received in good order (with instructions sufficient to permit processing) before close of the New York Stock Exchange on any day it is open for business will generally be processed and valued as described in the prospectus the same day. Transfer requests received in good order after close of the New York Stock Exchange or on a non-business day will generally be processed and valued the next business day. The processing and valuation of transfers attributable to the variable Sub-Accounts may be postponed, however, when: the New York Stock Exchange is closed; the SEC restricts trading or declares an emergency; the SEC permits us to defer it for the protection of our Policy owners. 2
Transfers to and from the fixed investment options may be limited as described in the prospectus.
In addition, transfers may be subject to restrictions designed to curtail harmful trading practices, known as "short-term trading" as described in the prospectus and in the prospectuses of the mutual funds underlying the Sub-Accounts. As disclosed in the prospectus, Nationwide has entered into agreements as required by Rule 22c-2 of the Investment Company Act of 1940 to provide information to the underlying mutual funds regarding Policy owner transfer activities and to impose restrictions requested by the fund.
Administrative procedures are in place to ensure transfer requests are appropriately dated. All written correspondence and faxes are date and time stamped upon receipt to identify the appropriate processing date. Live calls to service representatives are automatically recorded with date and time and periodically monitored. Transfer instructions through Nationwide's web site are automatically identified to the date the change is entered.
Requests are monitored for good order requirements, rider and service restrictions, and short-term trading restrictions. Such procedures include, notifying the Policy owner, and when appropriate the registered representative, of applicable restrictions and/or steps necessary to resolve the issue and permit completion or correction of the transfer instructions.
Transfer requests made through Nationwide's internet website automatically restrict transfer selections to permitted parameters, including blocking transfers in accounts subject to short-term trading restrictions.
In accordance with industry practice, Nationwide has established procedures to address processing errors for which it is responsible, when an error is discovered it will be corrected and Nationwide will bear any loss resulting from its error.
III. REDEMPTION PROCEDURES: SURRENDER AND RELATED TRANSACTIONS
The Policy provides for the payment of moneys to a Policy owner or beneficiary upon written request and presentation of the Policy. Generally, except for the payment of death benefits and the imposition of monthly deductions described in the prospectus, the Policy owner will receive a pro rata or proportionate share of the separate account's assets, within the meaning of the Investment Company Act of 1940, in any transaction involving "redemption procedures." The amount received by the Policy owner will depend upon the particular benefit for which the Policy is presented, including, for example, the Cash Surrender Value or death benefit. There are also certain Policy provisions (e.g. withdrawals or loans) under which the Policy will not be presented, but which will affect the Policy owner's benefits and may involve a transfer of the assets supporting the Policy reserve out of the separate account.
A. Full and Partial Surrenders
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Requests for full and partial surrenders must be made in writing as described in the prospectus. Full surrenders must be submitted on a form we provide.
A partial surrender charge may apply as described in the described in the prospectus. Applicable Surrender charges will be deducted from the Policy's Cash Value at the time a surrender is processed.
Surrender requests received in good order (with instructions sufficient to permit processing) before close of the New York Stock Exchange on any day it is open for business will generally be processed and valued as described in the prospectus the same day. Surrender requests received in good order after close of the New York Stock Exchange or on a non-business day will generally be processed and valued the next business day. The processing and valuation of surrenders attributable to the variable Sub-Accounts may be postponed, however, when: the New York Stock Exchange is closed; the SEC restricts trading or declares an emergency; the SEC permits us to defer it for the protection of our Policy owners.
Surrender requests received during the Right to Examine and Cancel period will receive either the Cash Value or Premium paid in accordance with the law of the state where the Policy was issued.
Pursuant to state insurance law, payment of surrenders from the fixed investment options may be delayed for the period permitted by law up to six months from the date a request is received in good order.
Administrative procedures are in place to ensure surrender requests are appropriately dated. All written correspondence is date and time stamped upon receipt to identify the appropriate processing date. Requests are monitored for good order requirements. Such procedures include, notifying the Policy owner, and when appropriate the registered representative, of applicable steps necessary to resolve any issue and permit completion or correction of the surrender instructions.
B. Maturity Proceeds
If the Policy is In Force and the Maturity Date has not been extended, as described in the prospectus, Nationwide will calculate and pay the proceeds or apply them to the elected settlement option(s). Proceeds at maturity will generally be valued at the close of the New York Stock Exchange on any day it is open for business. If the Maturity Date falls on a day when the New York Stock Exchange is closed or trading is suspended or restricted such that the Sub-Accounts cannot be valued on that day, proceeds at maturity attributable to the variable Sub-Accounts will be valued as of the previous business day. The processing and valuation of the payment attributable to the variable Sub-Accounts may be postponed, however, when: the New York Stock Exchange is closed; the SEC restricts trading or declares an emergency; the SEC permits us to defer it for the protection of our Policy owners.
Pursuant to state insurance law, payment of the maturity proceeds from the fixed investment options may be delayed for the period permitted by law up to six months from the date a request is received in good order.
C. Death Claims
Upon the death of the insured, Nationwide will pay the death benefit proceeds, either in a lump sum or under a settlement option(s) offered under the Policy. The proceeds will be the death benefit under the Policy, plus any insurance proceeds provided by rider, reduced by adjustments for any outstanding Indebtedness and, if in the grace period, any overdue charges. Any monthly Policy deductions taken after the date of death will be added to the Cash Value for purposes of valuing the death benefit.
The death benefit will be valued according to the death benefit option elected and applicable life insurance test for determining the minimum death benefit under Section 7702 of the Internal Revenue Code. Pursuant to state insurance law, the death benefit is valued as of the date of the Insured's death, regardless of the actual time of death. Proceeds upon the death of the insured will generally be valued at the close of the New York Stock Exchange on any day it is open for business. If the date of death falls on a day when the New York Stock Exchange is closed or trading is suspended or restricted such that the Sub-Accounts cannot be valued on that day, proceeds at death attributable to the variable Sub-Accounts will be valued as of the previous business day.
If required by state law, interest will be credited to the death benefit proceeds in accordance with state law.
Administrative procedures are in place to ensure death benefits are appropriately dated and the appropriate claimant identified. Requests are monitored for good order requirements which include proof of the Insured's death and when it occurred and written instructions for payment. Such procedures include, identifying the appropriate claimant and notifying the claimant of applicable steps necessary to resolve any issue and permit completion or correction of the surrender instructions.
Other Factors That May Affect Calculation Or The Timing of Death Benefit Payment
32
State insurance law provides for certain instances when an insurer may delay payment of the Death Benefit or adjust the amount of such payment based on particular circumstances. The circumstances and Nationwide's procedures for administering the Death Benefit are as follows.
Misstatement of Age or Sex
If the age or sex of the Insured has been misstated, the death benefit and Cash Value will be adjusted. The adjusted death benefit will be (1) multiplied by (2) and then the result added to (3) where:
1.
is the Net Amount at Risk at the time of the Insured's death;
2.
is the ratio of the monthly cost of insurance applied in the policy month of death and the monthly cost of insurance that should have been applied at the true age and sex in the policy month of death; and
3.
is the Cash Value at the time of the Insured's death.
The Cash Value will be adjusted from the Policy Date to the current date to reflect the cost of insurance charges based on the correct age and sex.
Incontestability
Nationwide will not contest the payment of the Death Benefit after the Policy has been In Force during the Insured's lifetime for two years from the Issue Date. If the Policy is reinstated, the two-year period will be measured from the date of reinstatement. For any increase in Specified Amount requiring evidence of insurability, the Company will not contest payment of the Death Benefit based on such increase after it has been In Force during the Insured's lifetime for two years from its effective date.
If payment of the Death Benefit is contested, payment will be delayed until a resolution is reached.
Suicide
If the Insured commits suicide, while sane or insane, within two years from the Policy Date, we will not pay the Proceeds normally payable on the Insured's death. Instead, we will pay the Beneficiary an amount equal to all premiums paid prior to the Insured's death, minus any Indebtedness, and minus any partial surrenders. For any increase in Specified Amount requiring evidence of insurability, if the Insured commits suicide, while sane or insane, within two years from the effective date of any such increase, we will not pay the Proceeds associated with such an increase. Instead, the amount we will pay with respect to such an increase will be limited to its cost of insurance charges.
IV. POLICY LOANS
At various points in time Policy loans will involve a form of redemption and transfers, and may involve application of loan repayments.
Pursuant to state insurance law, after the expiration of the free-look period and while the Policy is In Force, the Policy owner may take a loan against the Policy's Cash Value. Loan requests must be submitted in writing to our Home Office stated in the prospectus. A Policy owner may borrow an amount of no more than 90% of the Cash Value allocated to the Sub-Accounts. The minimum loan amount is $500.
The amount equal to any outstanding Indebtedness is held in the Policy loan account and is credited and charged with interest at rates as stated in the Policy. The Policy owner may repay all or a part of the loan at any time while the Policy is In Force. Any payment intended as a loan repayment must be identified as such in writing otherwise it will be treated as a Premium payment.
When a Policy owner takes a loan, Nationwide will transfer Cash Value equal to the policy loan amount to the Policy loan account as collateral for the policy loan. Amounts transferred from the Sub-Accounts will be in the same proportion as the Sub-Account allocations, unless the Policy owner instructs otherwise. We will only transfer amounts from the fixed account if the loan amount exceeds 90% of the Cash Value allocated to the Sub-Accounts.
Loan requests and loan repayments received in good order (with instructions sufficient to permit processing) before close of the New York Stock Exchange on any day it is open for business will generally be processed and valued as described in the prospectus the same day. Loan requests received in good order after close of the New York Stock Exchange or on a non-business day will generally be processed and valued the next business day. Interest credited is automatically applied to Sub-accounts according to the allocation instructions in effect at the time it becomes payable. The processing and
33
valuation of loan amounts, repayments, and interest credited attributable to the variable Sub-Accounts may be postponed, however, when: the New York Stock Exchange is closed; the SEC restricts trading or declares an emergency; the SEC permits us to defer it for the protection of our Policy owners.
If any part of a loan was taken from the fixed investment option(s), any loan repayments received will first be applied to the applicable fixed investment option(s) until the portion of the loan attributable to the fixed investment option is repaid. Then loan repayments will be applied to variable Sub-Accounts from which the loan was taken.
Pursuant to state insurance law, Nationwide may delay payment of any loan attributable to the fixed investment options for the period permitted by law up to six months from the date the loan request is received.
Administrative procedures are in place to ensure loan requests and repayments are appropriately dated. All written correspondence is date and time stamped upon receipt to identify the appropriate processing date. Requests are monitored for good order requirements. Such procedures include, notifying the Policy owner, and when appropriate the registered representative, of applicable steps necessary to resolve any issue and permit completion or correction of the surrender instructions.
If not repaid, the Policy debt will reduce the amount of death proceeds paid upon the death of the insured, the amount of proceeds paid on the Maturity Date, or the Cash Surrender Value paid upon surrender.
A loan may affect the length of time the Policy remains In Force. The Policy will enter a grace period when the Cash Surrender Value is insufficient to cover the monthly deduction against the Policy’s Cash Value on any monthly anniversary date. The Policy will lapse if the minimum payment required is not made during the grace period. Moreover, the Policy may enter the grace period more quickly when a loan is outstanding, because the loaned amount is not available to cover monthly deductions.
 
 
 
 
 
 
 
 
 
 
 
_________________________________________
1
Close of business for the New York Stock Exchange (NYSE) is generally 4:00 p.m. Eastern Standard Time. The NYSE may close earlier than 4:00 p.m. on days before holidays or pursuant to rules and regulations of the Securities and Exchange Commission. Such earlier time shall serve as the cutoff time for purposes of determining the premium payment processing cutoff time.
2
Transfers pursuant to the Right of Conversion will become effective on the monthly anniversary date (each the same day as the Policy Date in each succeeding month) on or next following the date the request is received in good order. For variable Sub-Account valuation purposes, the request will be treated as if received on that monthly anniversary date.
34
 EX-99.99 3 d354400dex9999.htm POWER OF ATTORNEY Power of Attorney
POWER OF ATTORNEY
Each of the undersigned as directors and/or officers of NATIONWIDE LIFE INSURANCE COMPANY and NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY, both Ohio corporations, which have filed or will file with the U.S. Securities and Exchange Commission under the provisions of the Securities Act of 1933, as amended; the Investment Company Act of 1940, as amended; and, if applicable, the Securities Exchange Act of 1934, various registration statements and amendments thereto for the registration of current, as well as any future, separate accounts established by said corporations for the purpose of registering under said Act(s) immediate or deferred variable annuity contracts, fixed interest rate options subject to a market value adjustment, group flexible fund retirement annuity contracts and variable life insurance policies in connection with the separate accounts and contracts listed below: 
Variable Annuities and Variable Life Insurance Policies
Separate Account (1940 Act File No.)
1933 Act File Nos.
MFS Variable Account (811-02662)
002-73432
Nationwide Multi-Flex Variable Account (811-03338)
033-23905, 002-75174
Nationwide Variable Account (811-02716)
002-58043, 333-80481, 033-60239, 333-176908
Nationwide Variable Account-II (811-03330)
002-75059, 033-67636, 033-60063, 333-103093, 333-103094,
333-103095, 333-104513, 333-104511, 333-104512,
333-104510, 333-151990, 333-105992, 333-147273,
333-140621, 333-144053, 333-147198, 333-160635,
333-164886, 333-168818, 333-177934, 333-177581,
333-177582, 333-177316, 333-177319, 333-177439,
3333-177441, 333-177729, 333-177731, 333-173349,
333-177938, 333-182494, 333-235382, 333-235383,
333-258296
Nationwide Variable Account-3 (811-05405)
033-18422, 033-24434
Nationwide Variable Account-4 (811-05701)
033-25734, 033-26454, 333-62692, 333-135650, 333-140812,
333-201820, 333-240010, 333-240009
Nationwide Variable Account-5 (811-08142)
033-71440, NW _________ VA (33 Act # TBD)
Nationwide Variable Account-6 (811-08684)
033-82370, 333-21909
Nationwide Variable Account-7 (811-08666)
033-82190, 033-82174, 033-89560
Nationwide Variable Account-8 (811-07357)
033-62637, 033-62659
Nationwide Variable Account-9 (811-08241)
333-28995, 333-52579, 333-56073, 333-53023, 333-79327,
333-69014, 333-75360
Nationwide Variable Account-10 (811-09407)
333-81701
Nationwide Variable Account-11 (811-10591)
333-74904, 333-74908
Nationwide Variable Account-12 (811-21099)
333-88612, 333-108894, 333-178057, 333-178059
Nationwide Variable Account-13 (811-21139)
333-91890
Nationwide Variable Account-14 (811-21205)
333-104339
Nationwide Variable Account-15 (811-23386)
333-227783, 333-227780
Nationwide VA Separate Account-A (811-05606)
033-85164, 033-22940
Nationwide VA Separate Account-B (811-06399)
033-86408, 033-93482, 333-11415
Nationwide VA Separate Account-C (811-07908)
033-66496, 333-44485
Nationwide VA Separate Account-D (811-10139)
333-45976
Nationwide VLI Separate Account (811-04399)
033-00145, 033-44290, 033-35698
Nationwide VLI Separate Account-2 (811-05311)
033-16999, 033-62795, 033-42180, 033-35783, 033-63179,
333-27133
Nationwide VLI Separate Account-3 (811-06140)
033-44789, 033-44296
Nationwide VLI Separate Account-4 (811-08301)
333-31725, 333-43671, 333-52617, 333-94037, 333-52615,
333-53728, 333-69160, 333-83010, 333-137202, 333-153343,
333-169879, 333-229640
Nationwide VLI Separate Account-5 (811-10143)
333-46338, 333-46412, 333-66572, 333-121881, 333-125481,
333-125482
Nationwide VLI Separate Account-6 (811-21398)
333-106908
Variable Annuities and Variable Life Insurance Policies
Separate Account (1940 Act File No.)
1933 Act File Nos.
Nationwide VLI Separate Account-7 (811-21610)
333-117998, 333-121879, 333-146649, 333-140606,
333-149295, 333-156020, 333-182893, 333-182887,
333-258039, 333-258035
Nationwide VL Separate Account-A (811-06137)
033-44792, 033-44300, 033-35775, 333-27123, 333-22677
Nationwide VL Separate Account-B (811-07819)
333-12333
Nationwide VL Separate Account-C (811-08351)
333-43639, 333-36869
Nationwide VL Separate Account-D (811-08891)
333-59517
Nationwide VL Separate Account-G (811-21697)
333-121878, 333-140608, 333-146073, 333-146650,
333-149213, 333-155153, 333-182897, 333-182896,
333-215169, 333-215173, 333-223705, 333-253123, NW
_________ VUL (33 Act # TBD)
Nationwide Provident VA Separate Account 1 (811-07708)
333-164127, 333-164125, 333-164126, 333-164124
Nationwide Provident VLI Separate Account 1 (811-04460)
333-164180, 333-164117, 333-164178, 333-164179,
333-164119, 333-164120, 333-164115, 333-164118,
333-164116
Nationwide Provident VA Separate Account A (811-06484)
333-164131, 333-164130, 333-164132, 333-164129,
333-164128
Nationwide Provident VLI Separate Account A (811-08722)
333-164188, 333-164123, 333-164185, 333-164122,
333-164121
 
General Account Products
Insurance Company
1933 Act File Nos.
Nationwide Life Insurance Company
333-149613, 333-160418, 333-229802, 333-237472,
333-237471, 333-254817, 333-255535, 333-263973, Nationwide
Defender Annuity (33 Act # TBD)
Nationwide Life and Annuity Insurance Company
333-47640
hereby constitute and appoint Kirt A. Walker, John L. Carter, Eric S. Henderson, Steven A. Ginnan, Jamie Ruff Casto, Michael Stobart, Paige L. Ryan, Stephen M. Jackson, and Benjamin W. Mischnick, and each of them with power to act without the others, as his/her attorney, with full power of substitution for and in his/her name, place and stead, in any and all capacities, to approve, and sign such Registration Statements, and any and all amendments thereto, with power to affix the corporate seal of said corporation thereto and to attest said seal and to file the same, with all exhibits thereto and other documents in connection therewith, with the U.S. Securities and Exchange Commission, hereby granting unto said attorneys, and each of them, full power and authority to do and perform all and every act and thing requisite to all intents and purposes as he/she might or could do in person, hereby ratifying and confirming that which said attorneys, or any of them, may lawfully do or cause to be done by virtue hereof. This instrument may be executed in one or more counterparts.
IN WITNESS WHEREOF, the undersigned have herewith set their names as of this 24th day of August, 2022. 
/s/ Timothy G. Frommeyer
/s/ Eric S. Henderson
TIMOTHY G. FROMMEYER, Director
ERIC S. HENDERSON, Director
/s/ Steven A. Ginnan
/s/ Holly R. Snyder
STEVEN A. GINNAN, Director
HOLLY R. SNYDER, Director
/s/ Kirt A. Walker
/s/ John L. Carter
KIRT A. WALKER, Director
JOHN L. CARTER, Director
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