A RILA does not directly invest in an index. A RILA includes index strategies which follow market performance; however, they are not actual investments in the stock market.
 The contract may gain or lose value before the end of the strategy term. Buffer protection and growth potential are not fully realized until the end of the strategy term. As a result, you may experience a loss even if negative index performance is within the buffer percentage during a strategy term.
 There is potential for unlimited losses beyond the buffer amount.
 Even if the index losses continue beyond the floor level.
The guarantees and protections offered by the Nationwide Defined Protection Annuity and the Nationwide Defender Annuity are subject to the claims-paying ability of Nationwide Life Insurance Company.
Neither Nationwide nor its representatives give legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions.
Withdrawals may be subject to contingent deferred surrender charges (CDSC) and a market value adjustment (MVA) on the withdrawal itself. Withdrawals taken prior to age 59½ may be subject to a 10% federal tax penalty in addition to ordinary income taxes. All withdrawals will reduce the death benefit and contract value.
The “S&P 500” is a product of S&P Dow Jones Indices LLC (“SPDJI”) and has been licensed for use by Nationwide Life and Annuity Insurance Company (“Nationwide”). Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); DJIA®, The Dow®, Dow Jones® and Dow Jones Industrial Average® are trademarks of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Nationwide. Nationwide Defined Protection Annuity is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or their respective affiliates, and none of such parties makes any representation regarding the advisability of investing in such products, nor do they have any liability for any errors, omissions or interruptions of the S&P 500.