All withdrawals, or partial surrenders, will reduce the death benefit in the same proportion the contract value was reduced.
 Available after the first contract year. When the option is exercised, Nationwide terminates the annuity and pays the owner an amount equal to the death benefit available on the date the form was presented in good order. This is a withdrawal and exercising this option prior to age 59½ may result in a 10% early withdrawal federal tax penalty; earnings may be subject to income taxes.
When evaluating the purchase of a variable annuity, you should be aware that variable annuities are long-term investment vehicles designed for retirement purposes and will fluctuate in value; annuities have limitations; and, investing involves market risk, including possible loss of principal.
A variable annuity is a contract you buy from an insurance company. It's designed to help accumulate assets to provide income for retirement. It will fluctuate in value based on the performance of the underlying investment options. You should also know that all guarantees and protections of a variable annuity are subject to the claims-paying ability of the issuing insurance company.
Annuities do have limitations. You may be charged a penalty if you take your money out early, if you're not yet 59½ (additional 10% tax penalty), or both. Variable annuities have fees and charges that include mortality and expense, administrative fees, contract fees, and the expense of the underlying investment options.
Variable products are sold by prospectus. Both the product prospectus and underlying fund prospectuses can be obtained from your investment professional or by writing to Nationwide Life Insurance Company, P.O. Box 182021, Columbus, OH 43218-2021. Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. The product prospectus and underlying fund prospectus contain this and other important information. Read the prospectuses carefully before investing.
Guarantees and protections are subject to Nationwide Life Insurance Company's claims-paying ability. They don't apply to the investment performance or safety of the underlying investment options. Underlying subaccounts are only available as investment options in variable insurance contracts issued by life insurance companies. They are not offered directly to the general public.
Nationwide Destination, Beneficiary Protector, The Nationwide Lifetime Income Rider, Nationwide Lifetime Income Track and Lifetime Income Track are service marks of Nationwide Mutual Insurance Company.
Contract/certificate: ICC11-VAC-0120AO.CV.2, ICC11-VAC-0120NY.CV.2, ICC11-VAR-0145AO.1, ICC11-VAR0147AO.1, ICC11-VAR-0146AO.1, ICC11-VAR-0169AO.2, ICC11-VAR-0181A0, VAR-0159AO