Prospectus supplement dated February 11, 2016
to the following prospectus(es):
Multi-Flex Annuity prospectus dated May 1, 2008
BOA Multiple Pay prospectus dated May 1, 2002
NLAIC Annuity prospectus dated May 1, 2001
This
supplement updates certain information contained in your prospectus. Please read it and keep it with your prospectus for future reference. |
In December, 2015, the Board of Trustees (the "Board") of the
Nationwide Variable Insurance Trust (the "Trust"), on behalf of the Nationwide Variable Insurance Trust – NVIT Growth Fund: Class I ("Target Fund") and the Nationwide Variable Insurance Trust – NVIT Large Cap Growth Fund: Class I
("Acquiring Fund"), approved the Plan of Reorganization whereby all of the Target Fund's assets will be transferred to the Acquiring Fund (the "Transaction"). The Transaction will result in Class I shares of the Target Fund being exchanged for Class
I shares of the Acquiring Fund equal in value to (but having a different price per share than) shares of the Target Fund.
The proposed Transaction is subject to approval by the
shareholders of the Target Fund at a shareholders’ meeting expected to be held on or about March 29, 2016. If approved, the Transaction is expected to occur at the close of business on April 22, 2016. Therefore, effective on or about April 23,
2016, the following changes apply to the policy/contract:
•
|
The Acquiring Fund is added
as an investment option under the policy/contract, and all references in the prospectus to the Target Fund are deleted and replaced with the Acquiring Fund. |
•
|
Any
allocations to the Target Fund are transferred to the Acquiring Fund. |
Accordingly, the following changes apply to your
prospectus:
(1)
|
Appendix A: Underlying Mutual
Funds is amended to include the following: |
Nationwide Variable Insurance Trust - NVIT
Large Cap Growth Fund: Class I
Investment
Advisor: |
Nationwide
Fund Advisors |
Sub-advisor:
|
Boston
Advisors, LLC |
Investment
Objective: |
The
Fund seeks long-term capital growth. |