-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ITy7g3L0n6laNiHA2bFC1On9yu1+cfgvC3bsn0aGuLC/6CFLZc+l8aT43ylgvsYH TZXH4780Zge7QYNoZBDg/g== 0000950152-97-000215.txt : 19970115 0000950152-97-000215.hdr.sgml : 19970115 ACCESSION NUMBER: 0000950152-97-000215 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970114 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONWIDE LIFE & ANNUITY VA SEPARATE ACCOUNT C CENTRAL INDEX KEY: 0000909833 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 311000740 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-66496 FILM NUMBER: 97505774 BUSINESS ADDRESS: STREET 1: FINANCIAL HORIZONS LIFE INSURANCE CO STREET 2: P.O. BOX 182008 CITY: COLUMBUS STATE: OH ZIP: 43216-2008 BUSINESS PHONE: 614-249-71 MAIL ADDRESS: STREET 1: FINANCIAL HORIZONS LIFE INSURANCE CO STREET 2: P.O. BOX 182008 CITY: COLUMBUS STATE: OH ZIP: 43218-2008 FORMER COMPANY: FORMER CONFORMED NAME: FINANCIAL HORIZONS VA SEPARATE ACCOUNT 3 DATE OF NAME CHANGE: 19930728 497 1 NATIONWIDE / 497 1 SUPPLEMENT DATED JANUARY 14, 1997 TO PROSPECTUS DATED MAY 1, 1996 FOR INDIVIDUAL DEFERRED VARIABLE ANNUITY CONTRACTS ISSUED BY NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY THROUGHOUT ITS NATIONWIDE VA SEPARATE ACCOUNT - C This Supplement updates certain information contained in your Prospectus. Please read it and keep it with your Prospectus for future reference. Effective January 1, 1997, all references in the prospectus to the Contract Maintenance Charge are hereby eliminated to the extent permitted by state law. Specifically, the following provisions are amended due to the elimination of the Contract Maintenance Charge: 1. The "Summary of Contract Expenses" on page 5 of the prospectus is hereby amended to change the Maximum Contract Maintenance Charge from $30 to $0 and to eliminate Footnote 2. 2. The "Example" located on page 6 of the prospectus is hereby amended as follows: EXAMPLE The following chart depicts the dollar amount of expenses that would be incurred under this Contract assuming a $1000 initial Purchase Payment and 5% annual return. These dollar figures are illustrative only and should not be considered a representation of past or future expenses. Actual expenses may be greater or less than those shown below.
If you surrender your Contract at If you do not surrender your Contract If you annuitize your Contract at the the end of the applicable time at the end of the applicable time end of the applicable time period period period 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. Fidelity VIP Fund-Equity Income Portfolio 90 107 133 230 20 62 106 230 * 62 106 230 Fidelity VIP Fund- Overseas Portfolio 93 116 149 262 23 71 122 262 * 71 122 262 NSAT - Money Market Fund 89 104 129 220 19 59 102 220 * 59 102 220 NSAT - Total Return Fund 89 104 128 219 19 59 101 219 * 59 101 219 The One(R) Group Investment Trust-Asset 94 119 154 272 24 74 127 272 * 74 127 272 Allocation Fund The One(R) Group Investment Trust- 92 111 141 245 22 66 114 245 * 66 114 245 Government Bond Fund The One(R) Group Investment Trust-Large 93 116 149 261 23 71 122 261 * 71 122 261 Company Growth Fund The One(R) Group Investment Trust- 93 116 149 261 23 71 122 261 * 71 122 261 Growth Opportunities Fund
*The Contracts sold under this prospectus do not permit annuitizations during the first two Contract Years. 2 3. All references to the Contract Maintenance Charge in the second paragraph of the "Synopsis" located on page 7 of the prospectus are eliminated. The second paragraph of the "Synopsis" is amended to read as follows: The Company will assess an Administration Charge equal to an annual rate of 0.05% of the daily net asset value of the Variable Account. This charge is used to reimburse the Company for administrative expenses related to the issuance and maintenance of the Contracts. The Company does not expect to recover from this charge an amount in excess of accumulated administrative expenses (see "Administrative Charge"). 4. All references to the Contract Maintenance Charge are eliminated from the "Contract Maintenance Charge and Administration Charge" provision located on page 13 of the prospectus. The provision now reads as follows: ADMINISTRATION CHARGE The Company assesses an Administration Charge equal on an annual basis to 0.05% of the daily net asset value of the Variable Account. The deduction of the Administration Charge is made from each Sub-Account in the same proportion that the Contract Value in each Sub-Account bears to the total Contract Value in the Variable Account. This charge is designed only to reimburse the Company for administrative expenses related to the issuance and maintenance of the Contracts. The Company will monitor this charge to ensure that it does not exceed annual administration expenses. 2 -----END PRIVACY-ENHANCED MESSAGE-----