Prospectus supplement dated August 6, 2021
to the
following prospectus(es):
America's Future Horizon
Annuity prospectus dated May 1, 2021
BOA Exclusive
Annuity prospectus dated May 1, 2004
ElitePRO LTD and
ElitePRO Classic prospectuses dated May 1, 2003
BOA
InvestCare, BOA SPVL, BOA Last Survivor FPVUL, and Options VL (NLAIC) prospectuses dated May 1, 2002
Survivor Options Plus (NLIC), Special Product (NLIC), and
Survivor Options VL (NLAIC) prospectuses dated May 1, 2000
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.
|
At a meeting held on June 16,
2021 of the Board of Trustees (the "Board") of Nationwide Variable Insurance Trust (the "Trust"), the Board approved the following actions: |
•
|
The Board approved a new
subadvisory agreement with Newton Investment Management North America, LLC ("Newton US") for the Nationwide Mellon Dynamic U.S. Core Fund: Class I (the "Fund"). The Board approved this agreement because BNY Mellon Investment Management, the parent
investment management organization of Mellon Investments Corporation ("Mellon"), the subadviser of the Fund, intends to restructure the investment advisory business of Mellon by transferring Mellon’s portfolio management personnel to Newton US
(the "Transaction"). Upon closing of the Transaction, the Trust’s subadvisory agreement with Mellon, with respect to the Fund, will terminate and the new subadvisory agreement with Newton US will become effective and the Fund is renamed the
"NVIT BNY Mellon Dynamic U.S. Core Fund: Class I". All references to the Fund’s former name in the Prospectus are replaced accordingly. |
The changes are anticipated to take effect on or about August
31, 2021.
2.
|
At a meeting held on June 16,
2021 of the Board of Trustees (the "Board") of Nationwide Variable Insurance Trust (the "Trust"), the Board approved the following actions: |
•
|
The Board approved a new
subadvisory agreement with Newton Investment Management North America, LLC ("Newton US") for the NVIT Mellon Dynamic U.S. Equity Income: Class I, (the "Fund"). The Board approved this agreement because BNY Mellon Investment Management, the parent
investment management organization of Mellon Investments Corporation ("Mellon"), the subadviser to the Fund, intends to restructure the investment advisory business of Mellon by transferring Mellon’s portfolio management personnel to Newton US
(the "Transaction"). Upon closing of the Transaction, the Trust’s subadvisory agreement with Mellon, with respect to the Fund, will terminate and the new subadvisory agreement with Newton US will become effective and the Fund is renamed the
"NVIT BNY Mellon Dynamic U.S. Equity Income: Class I". All references to the Fund’s former name in the Prospectus are replaced accordingly. |
•
|
The Board
approved a new subadvisory agreement with Newton Investment Management North America, LLC ("Newton US") for the NVIT Mellon Dynamic U.S. Equity Income: Class X, (the "Fund"). The Board approved this agreement because BNY Mellon Investment
Management, the parent investment management organization of Mellon Investments Corporation ("Mellon"), the subadviser to the Fund, intends to restructure the investment advisory business of Mellon by transferring Mellon’s portfolio management
personnel to Newton US (the "Transaction"). Upon closing of the Transaction, the Trust’s subadvisory agreement with Mellon, with respect to the Fund, will terminate and the new subadvisory agreement with Newton US will become effective and the
Fund is renamed the "NVIT BNY Mellon Dynamic U.S. Equity Income: Class X". All references to the Fund’s former name in the Prospectus are replaced accordingly. |
The changes are anticipated to take effect on or about August
31, 2021.