Prospectus supplement dated September 9, 2020
to the
following prospectus(es):
Key Future and America's
Future Horizon Annuity prospectuses dated May 1, 2020
Key Choice prospectus dated May 1, 2013
BOA InvestCare, BOA SPVL, BOA Last Survivor FPVUL and
Multi-Flex FPVUL prospectuses dated May 1, 2002
This
supplement updates certain information contained in your prospectus. Please read it and keep it with your prospectus for future reference. |
(1) The Board of Trustees of Nationwide Variable Insurance
Trust (the "Board"), on behalf of NVIT Multi-Manager Large Cap Value Fund, approved the merger of the NVIT Multi-Manager Large Cap Value Fund (the "Target Fund") into the NVIT Mellon Dynamic U.S. Equity Income Fund (the "Surviving Fund"). The merger
will be effective on or about September 11, 2020 (the "Effective Date").
As of the Effective Date, the following changes apply to the
contract/policy:
•
|
the Target Fund will no
longer be available to receive transfers or new purchase payments; |
•
|
the Target Fund will
transfer all or substantially all of its assets to the Surviving Fund in exchange for shares of the Surviving Fund; and |
•
|
the
Surviving Fund will assume all liabilities of the Target Fund. |
Accordingly, the following changes apply to the
prospectus:
(1)
|
Appendix A: Underlying
Mutual Funds is amended to add the following: |
Nationwide Variable Insurance Trust - NVIT
Mellon Dynamic U.S. Equity Income: Class X
Investment
Advisor: |
Nationwide
Fund Advisors |
Sub-advisor:
|
Mellon
Investments Corporation |
Investment
Objective: |
The
fund seeks capital appreciation, and secondarily current income. |
(2)
|
All references in the
prospectus to the Target Fund are deleted and replaced with the Surviving Fund. |
(3)
|
Appendix
A: Underlying Mutual Funds is amended to remove the following underlying mutual fund as an investment option under the contract/policy: |
Nationwide Variable Insurance Trust - NVIT
Mellon Dynamic U.S. Equity Income: Class I (formerly, Nationwide Variable Insurance Trust - American Century NVIT Multi Cap Value Fund: Class I)
This underlying mutual fund is no longer
available to receive transfers or new purchase payments effective September 11, 2020
Investment
Advisor: |
Nationwide
Fund Advisors |
Sub-advisor:
|
Mellon
Investments Corporation |
Investment
Objective: |
The
Fund seeks capital appreciation, and secondarily current income. |