position. The Company maintains Professional
Liability Insurance and Director and Officer Liability insurance policies that may cover losses for certain legal and regulatory proceedings. The Company will make adequate provision for any probable and reasonably
estimable recoveries under such policies.
The various businesses conducted by
the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department
of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted
inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or their affiliates, the Company is cooperating with regulators.
Nationwide Investment Services
Corporation
The general distributor, NISC (the
"Company"), is subject to legal and regulatory proceedings in the ordinary course of its business. These 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. The Company believes, however, that based on currently known
information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company’s financial position. The Company has agreements with Nationwide
Life Insurance Company (NLIC) under which, NLIC pays all litigation costs on behalf of the Company. Should NLIC be unable or unwilling to pay these costs in the future, the Company would be liable for such costs.
The various businesses conducted by
the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department
of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted
inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.
Underlying Mutual Fund
Information
This appendix contains information
about the underlying mutual funds in which the Sub-Accounts invest. The underlying mutual funds in which the Sub-Accounts invest are designed primarily as investments for variable annuity contracts and variable life
insurance policies issued by insurance companies. There is no guarantee that the investment objectives will be met. Refer to the prospectus for each underlying mutual fund for more detailed information.
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Designations Key:
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FF:
| The underlying mutual fund primarily invests in other mutual funds. Therefore, a proportionate share of the fees and expenses of any acquired funds are indirectly
borne by investors. As a result, investors in this Sub-Account may incur higher charges than if the assets were invested in an underlying mutual fund that does not invest in other mutual funds. Refer to the prospectus
for this underlying mutual fund for more information.
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Fidelity Variable
Insurance Products Fund - VIP Equity-Income Portfolio: Initial Class
This underlying
mutual fund is only available in contracts for which good order applications were received before September 1, 1999
Investment Advisor:
| Fidelity Management & Research Company
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Investment Objective:
| Reasonable income.
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Fidelity Variable
Insurance Products Fund - VIP Overseas Portfolio: Initial Class
This underlying
mutual fund is only available in contracts for which good order applications were received before September 1, 1999
Investment Advisor:
| Fidelity Management & Research Company
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Sub-advisor:
| FMR Co., Inc. (FMRC), FMR Investment Management (UK) Limited (FMR UK), and other investment advisers serve as sub-advisers for the fund.
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Investment Objective:
| Long-term growth of capital.
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JPMorgan Insurance
Trust - JPMorgan Insurance Trust Core Bond Portfolio: Class 1
Investment Advisor:
| J.P. Morgan Investment Management Inc.
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Investment Objective:
| Maximize total return by investing primarily in a diversified portfolio of intermediate and long-term debt securities.
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