marketFLEX Advisor Annuity

138 Pages·2016·0.52 MB·English

America’s marketFLEX® Advisor Annuity
Prospectus dated May 1, 2020
An Individual Deferred Variable Annuity Contract Issued by
Nationwide Life Insurance Company Through its Nationwide
Variable Account – 4
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• Not a deposit • Not FDIC insured • Not guaranteed by the institution • Not insured by any federal government agency • May lose value

Prospectus supplement dated September 28, 2020
to the following prospectus(es):
BOA Achiever Annuity, America’s Horizon Annuity, BOA IV, Nationwide Destination All American
Gold, Compass All American Gold, Key All American Gold, M&T All American Gold, Wells Fargo
Gold Variable Annuity, Nationwide Destination Architect 2.0, Nationwide Destination Future,
Nationwide Destination Future NY, Nationwide Destination All American Gold 2.0, Nationwide
Destination All American Gold NY 2.0, Nationwide Destination B, Nationwide Destination B 2.0,
Nationwide Destination B NY 2.0, Nationwide Destination C, Nationwide Destination EV 2.0,
Nationwide Destination EV NY 2.0, Nationwide Destination L, Nationwide Destination L 2.0,
Nationwide Destination L NY 2.0, Nationwide Destination Navigator 2.0, Nationwide Destination
Navigator NY 2.0, BOA Elite Venue Annuity, BOA America’s Future Annuity II, BOA Future Venue
Annuity, Nationwide Heritage Annuity, BOA America’s Vision Annuity, Nationwide Destination
Freedom+, America’s marketFLEX Advisor Annuity, America’s marketFLEX II Annuity, America’s
marketFlex Edge Annuity, BOA All American Annuity, M&T All American, BOA V, NEA Valuebuilder
Select, BOA America’s Future Annuity, Key Future, NEA Valuebuilder Future, America’s Future
Horizon Annuity, Nationwide Advisory Retirement Income Annuity, Nationwide Advisory
Retirement Income Annuity New York, NEA Valuebuilder, Monument Advisor, and Monument
Advisor New York prospectuses dated May 1, 2020
Monument Advisor Select and Monument Advisor Select New York prospectuses dated May 1,
2020, as amended August 20, 2020
America’s marketFLEX Annuity, BOA America’s Exclusive Annuity II, and The One Investor Annuity
prospectuses dated May 1, 2016
BOA America’s Income Annuity and BOA Advisor Variable Annuity prospectuses dated May 1, 2014
BOA Choice Venue Annuity II, Nationwide Income Architect Annuity, Nationwide Destination EV,
Nationwide Destination Navigator, Nationwide Destination Navigator (New York), BOA Choice
Annuity, and Key Choice prospectuses dated May 1, 2013
Schwab Income Choice Variable Annuity prospectus dated May 1, 2012
Schwab Custom Solutions Variable Annuity prospectus dated May 1, 2010
Nationwide Enterprise The Best of America Annuity and Market Street VIP/2 Annuity (NLAIC)
prospectuses dated May 1, 2008
America’s Vision Plus Annuity, America’s Vision Annuity and BOA Exclusive Annuity prospectuses
dated May 1, 2004
ElitePRO LTD and ElitePRO Classic prospectuses dated May 1, 2003
Thissupplementupdatescertaininformationcontainedinyourprospectus.Pleasereaditandkeepitwithyour
prospectusforfuturereference.
AtameetingonSeptember15,2020,theBoardof Trusteesof NationwideVariableInsuranceTrustapprovedthe
terminationof WEDGECapitalL.L.P.((cid:2)WEDGE(cid:2)),asasubadvisertotheNationwideVariableInsuranceTrust-NVIT
Multi-ManagerMid-CapValueFund(the(cid:2)Fund(cid:2)).
EffectiveonoraboutNovember2,2020(the(cid:2)EffectiveDate(cid:2)),WEDGEwillnolongerserveasasubadvisertotheFund.
AmericanCenturyInvestmentManagement,Inc.andThompson,Siegel&Walmsley,LLCwillcontinuetoserveasthe
subadviserstotheFund.
PROS-2020-227 1
Prospectus supplement dated September 9, 2020
to the following prospectus(es):
America’s marketFLEX Advisor Annuity, America’s marketFLEX II Annuity and America’s
marketFlex Edge Annuity prospectuses dated May 1, 2020
America’s marketFLEX Annuity prospectus dated May 1, 2016
Thissupplementupdatescertaininformationcontainedinyourprospectus.Pleasereaditandkeepitwithyour
prospectusforfuturereference.
(1)TheBoardof Trusteesof NationwideVariableInsuranceTrust(the(cid:2)Board(cid:2)),onbehalf of NVITMulti-ManagerLarge
CapValueFund,approvedthemergerof theNVITMulti-ManagerLargeCapValueFund(the(cid:2)TargetFund(cid:2))intotheNVIT
MellonDynamicU.S.EquityIncomeFund(the(cid:2)SurvivingFund(cid:2)).ThemergerwillbeeffectiveonoraboutSeptember11,
2020(the(cid:2)EffectiveDate(cid:2)).
Asof theEffectiveDate,thefollowingchangesapplytothecontract:
(cid:129) theTargetFundwillnolongerbeavailabletoreceivetransfersornewpurchasepayments;
(cid:129) theTargetFundwilltransferallorsubstantiallyallof itsassetstotheSurvivingFundinexchangeforsharesof
theSurvivingFund;and
(cid:129) theSurvivingFundwillassumeallliabilitiesof theTargetFund.
Accordingly,thefollowingchangesapplytotheprospectus:
(1) AppendixA:UnderlyingMutualFundsisamendedtoaddthefollowing:
NationwideVariableInsuranceTrust-NVITMellonDynamicU.S.EquityIncome:ClassZ
InvestmentAdvisor: NationwideFundAdvisors
Sub-advisor: MellonInvestmentsCorporation
InvestmentObjective: Thefundseekscapitalappreciation,andsecondarilycurrentincome.
(2) AllreferencesintheprospectustotheTargetFundaredeletedandreplacedwiththeSurvivingFund.
(2)TheBoardof Trusteesof NationwideVariableInsuranceTrust(the(cid:2)Board(cid:2)),onbehalf of NVITMulti-Manager
InternationalValueFund,approvedthemergerof theNVITMulti-ManagerInternationalValueFund(the(cid:2)TargetFund(cid:2))
intotheNVITColumbiaOverseasValueFund(the(cid:2)SurvivingFund(cid:2)).ThemergerwillbeeffectiveonoraboutOctober16,
2020(the(cid:2)EffectiveDate(cid:2)).
Asof theEffectiveDate,thefollowingchangesapplytothecontract:
(cid:129) theTargetFundwillnolongerbeavailabletoreceivetransfersornewpurchasepayments;
(cid:129) theTargetFundwilltransferallorsubstantiallyallof itsassetstotheSurvivingFundinexchangeforsharesof
theSurvivingFund;and
(cid:129) theSurvivingFundwillassumeallliabilitiesof theTargetFund.
Accordingly,thefollowingchangesapplytotheprospectus:
(1) AppendixA:UnderlyingMutualFundsisamendedtoaddthefollowing:
NationwideVariableInsuranceTrust-NVITColumbiaOverseasValueFund:ClassZ
InvestmentAdvisor: NationwideFundAdvisors
Sub-advisor: ColumbiaManagementInvestmentAdvisers,LLC
InvestmentObjective: Thefundseekstomaximizetotalreturnconsistingof capitalappreciationand/orcurrent
income.
(2) AllreferencesintheprospectustotheTargetFundaredeletedandreplacedwiththeSurvivingFund.
PROS-2020-212 1
(3)TheBoardof Trusteesof NationwideVariableInsuranceTrust(the(cid:2)Board(cid:2)),onbehalf of NVITDFACapital
AppreciationFund,approvedthemergerof theNVITDFACapitalAppreciationFund(the(cid:2)TargetFund(cid:2))intotheNVIT
InvestorDestinationsCapitalAppreciationFund(the(cid:2)SurvivingFund(cid:2)).ThemergerwillbeeffectiveonoraboutOctober
23,2020(the(cid:2)EffectiveDate(cid:2)).
Asof theEffectiveDate,thefollowingchangesapplytothecontract:
(cid:129) theTargetFundwillnolongerbeavailabletoreceivetransfersornewpurchasepayments;
(cid:129) theTargetFundwilltransferallorsubstantiallyallof itsassetstotheSurvivingFundinexchangeforsharesof
theSurvivingFund;and
(cid:129) theSurvivingFundwillassumeallliabilitiesof theTargetFund.
AllreferencesintheprospectustotheTargetFundaredeletedandreplacedwiththeSurvivingFund.
(4)TheBoardof Trusteesof NationwideVariableInsuranceTrust(the(cid:2)Board(cid:2)),onbehalf of NVITDFAModerateFund,
approvedthemergerof theNVITDFAModerateFund(the(cid:2)TargetFund(cid:2))intotheNVITInvestorDestinationsModerate
Fund(the(cid:2)SurvivingFund(cid:2)).ThemergerwillbeeffectiveonoraboutOctober23,2020(the(cid:2)EffectiveDate(cid:2)).
Asof theEffectiveDate,thefollowingchangesapplytothecontract:
(cid:129) theTargetFundwillnolongerbeavailabletoreceivetransfersornewpurchasepayments;
(cid:129) theTargetFundwilltransferallorsubstantiallyallof itsassetstotheSurvivingFundinexchangeforsharesof
theSurvivingFund;and
(cid:129) theSurvivingFundwillassumeallliabilitiesof theTargetFund.
AllreferencesintheprospectustotheTargetFundaredeletedandreplacedwiththeSurvivingFund.
PROS-2020-212 2
Prospectus supplement dated August 21, 2020
to the following prospectus(es):
America’s marketFLEX Advisor Annuity prospectus dated May 1, 2020
Thissupplementupdatescertaininformationcontainedinyourprospectus.Pleasereaditandkeepitwithyour
prospectusforfuturereference.
1.Thefollowingsectionoftheprospectusisdeletedinitsentiretyandreplacedwiththefollowing:
TheTotalAnnualMutualFundOperatingExpensestable,whichshowstheminimumandmaximumtotaloperating
expenses,asof December31,2019,chargedbytheunderlyingmutualfundsthatacontractownermayperiodicallypay
whilethecontractownerisinforce.Moredetailconcerningeachmutualfund’sfeesandexpensesiscontainedinthe
mutualfund’sprospectus.
TotalAnnualMutualFundOperatingExpenses
Minimum Maximum
TotalAnnualMutualFundOperatingExpenses
(expensesthataredeductedfromthemutualfundassets,includingmanagementfees, 0.31% 8.41%
distribution(12b-1)fees,andotherexpenses)
2.Thefollowingsectionoftheprospectusisdeletedinitsentiretyandreplacedwiththefollowing:
Example
ThisExampleisintendedtohelpContractOwnerscomparethecostof investinginthecontractwiththecostof investing
inothervariableannuitycontracts.Thesecostsincludecontractfees,VariableAccountannualexpenses,andunderlying
mutualfundfeesandexpenses.TheExampledoesnotreflectpremiumtaxeswhich,if reflected,wouldresultinhigher
expenses.
TheExampleassumes:
(cid:129) a$10,000investmentinthecontractforthetimeperiodsindicated;
(cid:129) a5%returneachyear;
(cid:129) themaximumandtheminimumfeesandexpensesof anyof theunderlyingmutualfunds;and
(cid:129) thetotalVariableAccountchargesassociatedwiththemostexpensivecombinationof optionalbenefits(1.20%).
Forthosecontractsthatdonotelectthemostexpensivecombinationof optionalbenefits,theexpenseswouldbelower.
Ifyousurrenderyourcontract Ifyouannuitizeyourcontract
attheendoftheapplicable attheendoftheapplicable Ifyoudonot
timeperiod timeperiod surrenderyourcontract
1Yr. 3Yrs. 5Yrs. 10Yrs. 1Yr. 3Yrs. 5Yrs. 10Yrs. 1Yr. 3Yrs. 5Yrs. 10Yrs.
MaximumTotalUnderlying
MutualFundOperating
Expenses(8.41%) ....... $1,009 $2,876 $4,557 $8,067 * $2,876 $4,557 $8,067 $1,009 $2,876 $4,557 $8,067
MinimumTotalUnderlying
MutualFundOperating
Expenses(0.31%) ....... $ 159 $ 492 $ 849 $1,853 * $ 492 $ 849 $1,853 $ 159 $ 492 $ 849 $1,853
* ThecontractssoldunderthisprospectusdonotpermitannuitizationduringthefirsttwoContractYears.
PROS-2020-124 1
Prospectus supplement dated August 3, 2020
to the following prospectus(es):
BOA IV, BOA America’s Vision Annuity, America’s marketFLEX Advisor Annuity, America’s
marketFLEX II Annuity, America’s marketFlex Edge Annuity, BOA V, NEA Valuebuilder Select, BOA
America’s Future Annuity, Key Future, NEA Valuebuilder Future, America’s Future Horizon Annuity,
NEA Valuebuilder, Monument Advisor, Monument Advisor Select, Monument Advisor New York,
Monument Advisor Select New York, BOA FPVUL, BOA CVUL Future (NWL), BAE Future
Corporate FPVUL, BOA Next Generation FPVUL, BOA ChoiceLife FPVUL, NLIC Options Plus and
NLIC Options Premier prospectuses dated May 1, 2020
America’s marketFLEX Annuity and BOA America’s Exclusive Annuity II prospectuses dated May 1,
2016
BOA America’s Income Annuity and BOA Advisor Variable Annuity prospectuses dated May 1, 2014
BOA Choice Annuity and Key Choice prospectuses dated May 1, 2013
BOA Last Survivorship II, BOA ChoiceLife Survivorship, BOA ChoiceLife Survivorship II, Next
Generation Survivorship Life, BOA Protection Survivorship Life and BOA ChoiceLife Protection
Survivorship prospectuses dated May 1, 2009
Nationwide Enterprise The Best of America Annuity, BOA MSPVL, BOA MSPVL II (BOA MSPVL
Future), BOA Protection FPVUL, BOA ChoiceLife Protection FPVUL, Survivor Options Premier
(NLIC), Options Elite (NLIC), Survivor Options Elite (NLIC), BOA CVUL Future (NLAIC), BOA CVUL
(NLAIC), Survivor Options Premier (NLAIC), Options Premier (NLAIC) and Options Elite (NLAIC)
prospectuses dated May 1, 2008
America’s Vision Plus Annuity, America’s Vision Annuity and BOA Exclusive Annuity prospectuses
dated May 1, 2004
ElitePRO LTD and ElitePRO Classic prospectuses dated May 1, 2003
BOA InvestCare, BOA SPVL, BOA Multiple Pay, BOA Last Survivor FPVUL, Multi-Flex 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
Thissupplementupdatescertaininformationcontainedinyourprospectus.Pleasereaditandkeepitwithyour
prospectusforfuturereference.
Thefollowingdisclosurechangesaremadetotheprospectus:
Theprospectusoffersthefollowingunderlyingmutualfundasaninvestmentoptionunderthecontract.
EffectiveonoraboutSeptember25,2020,thenameof theinvestmentoptionisupdatedasindicatedbelow:
CURRENTNAME UPDATEDNAME
AmericanCenturyVariablePortfolios,Inc.-AmericanCentury AmericanCenturyVariablePortfolios,Inc.-AmericanCentury
VPIncome&GrowthFund:ClassI VPDisciplinedCoreValueFund:ClassI
PROS-2020-191 1
Prospectus supplement dated June 1, 2020
to the following prospectus(es):
Nationwide Destination Architect 2.0, America’s marketFLEX II Annuity, America’s marketFLEX
Edge Annuity, America’s marketFLEX Advisor Annuity, and Nationwide Destination Freedom+
prospectuses dated May 1, 2020
America’s marketFLEX Annuity prospectus dated May 1, 2016
Thissupplementupdatescertaininformationcontainedinyourprospectus.Pleasereaditandkeepitwithyour
prospectusforfuturereference.
Thefollowingdisclosurechangesaremadetotheprospectus:
Theprospectusoffersthefollowingunderlyingmutualfundasaninvestmentoptionunderthecontract.EffectiveMay1,
2020,thenameof theinvestmentoptionisupdatedasindicatedbelow:
CURRENTNAME UPDATEDNAME
ALPSVariableInvestmentTrust–ALPS/RedRocksListed ALPSVariableInvestmentTrust–ALPS/RedRocksGlobal
PrivateEquityPortfolio:ClassIII OpportunityPortfolio:ClassIII
PROS-0407 1
Prospectus supplement dated May 27, 2020
to the following prospectus(es):
Nationwide Destination Future and Nationwide Destination Future NY dated May 15, 2020
Nationwide Destination Income Annuity, Soloist, BOA Achiever Annuity, America’s Horizon Annuity,
BOA IV, Nationwide Destination All American Gold, Compass All American Gold, Key All American
Gold, M&T All American Gold, Wells Fargo Gold Variable Annuity, Nationwide Destination Architect
2.0, Nationwide Destination All American Gold 2.0, Nationwide Destination All American Gold NY
2.0, Nationwide Destination B, Nationwide Destination B 2.0, Nationwide Destination B NY 2.0,
Nationwide Destination C, Nationwide Destination EV 2.0, Nationwide Destination EV NY 2.0,
Nationwide Destination L, Nationwide Destination L 2.0, Nationwide Destination L NY 2.0,
Nationwide Destination Navigator 2.0, Nationwide Destination Navigator NY 2.0, BOA Elite Venue
Annuity, BOA America’s Future Annuity II, BOA Future Venue Annuity, Nationwide Heritage
Annuity, BOA America’s Vision Annuity, Nationwide Destination Freedom+, America’s marketFLEX
Advisor Annuity, America’s marketFLEX II Annuity, America’s marketFlex Edge Annuity, BOA All
American Annuity, Compass All American, M&T All American, Sun Trust All American, BOA V, NEA
Valuebuilder Select, BOA America’s Future Annuity, Key Future, NEA Valuebuilder Future, Waddell
& Reed Advisors Select Plus Annuity, America’s Future Horizon Annuity, The BB&T Future Annuity,
Waddell & Reed Advisors Select Preferred, Nationwide Advisory Retirement Income Annuity New
York, Nationwide Advisory Retirement Income Annuity, NEA Valuebuilder, Monument Advisor,
Monument Advisor Select, Monument Advisor New York, and Monument Advisor Select New York
dated May 1, 2020
Thissupplementupdatescertaininformationcontainedinyourprospectus.Pleasereaditandkeepitwithyour
prospectusforfuturereference.
Thefollowingdisclosurechangesaremadetotheprospectus:
RisksAssociatedwithCOVID-19
InMarch2020,theWorldHealthOrganizationdeclaredtheCOVID-19outbreakapandemic,whichhasresultedinmarket
volatilityandgeneraleconomicuncertainty.ToaddressdisruptionsinconnectionwiththeCOVID-19pandemic,
Nationwidehasimplementedbusinesscontinuityplanssothatitcancontinuetoprovideproductsandservicestoits
customers.Whiletheseeffortshavebeensuccessfultodate,Nationwidecontinuestobesubjecttocertainrisksthatcould
negativelyimpactitsoperations,includingsystemfailures,maildeliverydelays,unavailabilityof criticalpersonneldueto
illnessorotherreasonsrelatedtothepandemic,anddisruptionstoserviceproviders.
SignificantmarketvolatilityandnegativeinvestmentreturnsinthemarketresultingfromtheCOVID-19pandemiccould
haveanegativeimpactonreturnsof theunderlyingmutualfundsinwhichtheSeparateAccountinvests.Additionally,
prolongedcurrenteconomicconditionsandconsumerbehaviorrelatedtoCOVID-19couldaffecttheamountof salesand
profitabilityof Nationwide’sbusinessesandcouldhaveanegativeimpactonitsfinancialconditionandoperations.
WhileweareconfidentinourabilitytomanagethefinancialrisksrelatedtoCOVID-19,theextentanddurationof therisks
relatedtotheCOVID-19pandemicareunknownatthistime.ItispossibletheseriskscouldimpactNationwide’sfinancial
strengthandclaims-payingability.TherearemanyfactorsbeyondNationwide’scontrolthatcannotbemitigatedor
foreseenthatcouldhaveanegativeimpactonNationwideandtheoperationof thecontract.Nationwidecontinuesto
monitortheeconomicsituationanditsbusinessoperationsclosely.
CARESAct
TheCARESActwasenactedonMarch27,2020.TheCARESActmadenumerouschangestotheInternalRevenue
CodeeffectiveJanuary1,2020,includingthefollowing:
PROS-0411 1
(cid:129) Waivingthe2020minimumdistributionrequirement(RMD)fromdefinedcontributionplansandIRAs,including
the2019RMDtakenin2020forthoseindividualsturning70½in2019.
(cid:129) Relief forcoronavirus-relateddistributionsandloansfromqualifiedplansandIRAs,whichincludesanexception
fromthe10%penaltyforearlydistributionandanexemptionfromthe20%mandatorywithholdingrequirement.
Alongwiththepassageof theCARESAct,theIRSextendedthedeadlinetomakea2019IRAorRothIRAcontributionto
July15,2020inordertocoincidewiththeextendeddeadlineforfilinganindividual’sincometaxreturn.
PROS-0411 2