Prospectus supplement dated May 1, 2017
to the following prospectus(es):
BOA Exclusive Annuity dated May 1, 2004
BOA SPVL and BOA Last Survivor FPVUL 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. |
The following disclosure changes are made to the
prospectus:
(1)
|
The prospectus offers the
following underlying mutual fund(s) as investment option(s) under the contract/policy. Effective May 1, 2017, the name of the investment option(s) are updated as indicated below: |
|
|
CURRENT
NAME |
UPDATED
NAME |
Dreyfus
Socially Responsible Growth Fund, Inc.: Initial Shares |
The
Dreyfus Sustainable U.S. Equity Portfolio, Inc.: Initial Shares |
The
Universal Institutional Funds, Inc. - Emerging Markets Debt Portfolio: Class I |
Morgan
Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I |
The
Universal Institutional Funds, Inc. - Emerging Markets Debt Portfolio: Class II |
Morgan
Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class II |
The
Universal Institutional Funds, Inc. - U.S. Real Estate Portfolio: Class I |
Morgan
Stanley Variable Insurance Fund, Inc. - U.S. Real Estate Portfolio: Class I |
Nationwide
Variable Insurance Trust - NVIT Money Market Fund: Class I |
Nationwide
Variable Insurance Trust - NVIT Government Money Market Fund: Class I |
Oppenheimer
Variable Account Funds - Oppenheimer Core Bond Fund/VA: Non-Service Shares |
Oppenheimer
Variable Account Funds - Oppenheimer Total Return Bond Fund/VA: Non-Service Shares |
Effective May 1, 2017, the
Legal Proceedings section of the prospectus is deleted and replaced in its entirety with the following:
Legal Proceedings
Nationwide Life Insurance Company and Nationwide Life and
Annuity Insurance Company
Nationwide Financial Services,
Inc. (NFS, or collectively with its subsidiaries, "the Company") was formed in November 1996. NFS is the holding company for Nationwide Life Insurance Company (NLIC), Nationwide Life and Annuity Insurance Company (NLAIC) and other companies that
comprise the life insurance and retirement savings operations of the Nationwide group of companies (Nationwide). This group includes Nationwide Financial Network (NFN), an affiliated distribution network that markets directly to its customer base.
NFS is incorporated in Delaware and maintains its principal executive offices in Columbus, Ohio.
The Company is subject to legal and regulatory proceedings in
the ordinary course of its business. These proceedings include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot
be predicted due to their complexity, scope, and many uncertainties. Regulatory proceedings may also affect the outcome of one or more of the Company’s litigation matters. Furthermore, it is often not possible with any degree of certainty to
determine the likely ultimate outcomes of the pending regulatory and legal proceedings or to provide reasonable ranges of potential losses. Some matters are in very preliminary stages, and the Company does not have sufficient information to make an
assessment of the claims for liability or damages. In some of the legal proceedings which are seeking to be certified as class actions, the court has not