• Not a deposit • Not FDIC insured • Not guaranteed by the institution • Not insured by any federal government agency • May lose value

eDelivery from Nationwide®

A small change can help simplify life

So, visit nationwide.com/paperless to make the switch today.

Signing up to receive your documents online is quick and easy. This switch not only will reduce the clutter in your mailbox,

it’ll also o�er a simple way to access and maintain your contract information — at any time and from anywhere.

The Best of America® America’s VISION AnnuitySM

Prospectus dated May 1, 2018

A Deferred Variable Annuity Contract Issued by Nationwide Life Insurance Company Through its Nationwide Variable Account – II

Prospectus supplement dated May 10, 2018

to the following prospectus(es):

BOA IV, BOA America’s Vision Annuity, BOA America’s Future Annuity II, BOA Achiever Annuity,America’s Horizon Annuity, BOA Future Venue Annuity, Nationwide Heritage Annuity, BOA EliteVenue Annuity, Nationwide Destination All American Gold, Compass All American Gold, Key All

American Gold, M&T All American Gold, Wells Fargo Gold Variable Annuity, Nationwide DestinationC, BOA All American Annuity, Compass All American, BOA America’s Future Annuity, Key Future,

America’s Future Horizon Annuity, BOA V, BOA FPVUL, BOA Next Generation FPVUL, BOAChoiceLife FPVUL, BOA Next Generation II FPVUL, NLIC Options Plus, and NLIC Options Premier

dated May 1, 2018

This supplement updates certain information contained in your prospectus. Please read it and keep it with yourprospectus for future reference.

The following disclosure change is made to the prospectus:

The prospectus offers the following underlying mutual fund as an investment option under the contract/policy. EffectiveMay 1, 2018, the name of the investment option is updated as indicated below:

CURRENT NAME UPDATED NAME

Neuberger Berman Advisers Management Trust – SociallyResponsive Portfolio: I Class Shares

Neuberger Berman Advisers Management Trust – SustainableEquity Portfolio: Class I Shares

PROS-0376 1

The Best of America® America’s VISION Annuity®Individual Deferred Variable Annuity Contracts

Issued by

Nationwide Life Insurance Companythrough its

Nationwide Variable Account-IIThe date of this prospectus is May 1, 2018.

This prospectus contains basic information about the contracts that should be understood before investing. Read thisprospectus carefully and keep it for future reference. The contract described in this prospectus is no longer available forpurchase.

Variable annuities are complex investment products with unique benefits and advantages that may be particularly usefulin meeting long-term savings and retirement needs. There are costs and charges associated with these benefits andadvantages - costs and charges that are different, or do not exist at all, within other investment products. With help fromfinancial consultants and advisors, investors are encouraged to compare and contrast the costs and benefits of thevariable annuity described in this prospectus against those of other investment products, especially other variableannuity and variable life insurance products offered by Nationwide and its affiliates. Nationwide offers a wide array ofsuch products, many with different charges, benefit features, and investment options. This process of comparison andanalysis should aid in determining whether the purchase of the contract described in this prospectus is consistent withthe purchaser’s investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and otherpersonal characteristics and needs.

The Statement of Additional Information (dated May 1, 2018), which contains additional information about the contractsand the Variable Account, has been filed with the SEC and is incorporated herein by reference. The table of contents forthe Statement of Additional Information is on page 41. To obtain free copies of the Statement of Additional Information orto make any other service requests, contact Nationwide by one of the methods described in Contacting the ServiceCenter.

Information about Nationwide and the variable annuity contract described in this prospectus (including the Statement ofAdditional Information) may also be reviewed and copied at the SEC’s Public Reference Room in Washington, D.C., ormay be obtained upon payment of a duplicating fee by writing the Public Reference Section of the SEC, 100 F StreetNE, Washington, D.C. 20549. Additional information on the operation of the Public Reference Room may be obtained bycalling the SEC at (202) 551-8090. The SEC also maintains a web site (www.sec.gov) that contains the prospectus, theStatement of Additional Information, material incorporated by reference, and other information.

Variable annuities are not insured by the Federal Deposit Insurance Corporation or any other federal government agency,and are not deposits of, guaranteed by, or insured by the depository institution where offered or any of its affiliates.Variable annuity contracts involve investment risk and may lose value. These securities have not been approved ordisapproved by the SEC, nor has the SEC passed upon the accuracy or adequacy of the prospectus. Any representationto the contrary is a criminal offense.

The Sub-Accounts offered through this contract invest in the underlying mutual funds listed below. For a complete list ofunderlying mutual funds, including underlying mutual funds available prior to the date of this prospectus, refer to AppendixA: Underlying Mutual Fund Information. For more information on the underlying mutual funds, refer to the prospectus forthe underlying mutual fund. To obtain free copies of prospectuses for the underlying mutual funds, ContractOwners can contact Nationwide using any of the methods described in Contacting the Service Center.

• AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B• AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B• American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II• American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I• BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III• BlackRock Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund: Class III• BlackRock Variable Series Funds, Inc. - BlackRock Total Return V.I. Fund: Class III• Columbia Funds Variable Series Trust II - Columbia VP High Yield Bond Fund: Class 2

1

• Delaware VIP Trust - Delaware VIP Small Cap Value Series: Service Class• Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class• Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class• Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2• Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2• Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Initial Class• Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2• Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Initial Class• Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class• Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Initial Class• Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class 2• Franklin Templeton Variable Insurance Products Trust - Franklin Founding Funds Allocation VIP Fund: Class 2• Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2• Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2• Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares• Guggenheim Variable Funds - Multi-Hedge Strategies• Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II• Janus Henderson VIT Flexible Bond Portfolio: Service Shares• Janus Henderson VIT Forty Portfolio: Service Shares• Janus Henderson VIT Global Technology Portfolio: Service Shares• JPMorgan Insurance Trust - JPMorgan Insurance Trust Mid Cap Value Portfolio: Class 1• Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC• MFS® Variable Insurance Trust - MFS New Discovery Series: Service Class• MFS® Variable Insurance Trust - MFS Value Series: Service Class• MFS® Variable Insurance Trust II - MFS International Value Portfolio: Service Class• Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II• Nationwide Variable Insurance Trust - American Century NVIT Multi Cap Value Fund: Class I• Nationwide Variable Insurance Trust - American Funds NVIT Asset Allocation Fund: Class II• Nationwide Variable Insurance Trust - American Funds NVIT Bond Fund: Class II• Nationwide Variable Insurance Trust - American Funds NVIT Global Growth Fund: Class II• Nationwide Variable Insurance Trust - American Funds NVIT Growth Fund: Class II• Nationwide Variable Insurance Trust - American Funds NVIT Growth-Income Fund: Class II• Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class II• Nationwide Variable Insurance Trust - BlackRock NVIT Managed Global Allocation Fund: Class II• Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II• Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I• Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class II• Nationwide Variable Insurance Trust - Neuberger Berman NVIT Socially Responsible Fund: Class I• Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Aggressive Fund: Class II• Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Balanced Fund: Class II• Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Capital Appreciation Fund: Class II• Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Conservative Fund: Class II• Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth & Income Fund: Class II• Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth Fund: Class II• Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderate Fund: Class II• Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Aggressive Fund: Class II• Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Conservative Fund: Class II• Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class I• Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II• Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class II• Nationwide Variable Insurance Trust - NVIT DFA Moderate Fund: Class II• Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I• Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I• Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I• Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class I• Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII• Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II• Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II• Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II• Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II• Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II• Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II• Nationwide Variable Insurance Trust - NVIT Large Cap Growth Fund: Class I• Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I• Nationwide Variable Insurance Trust - NVIT Multi Sector Bond Fund: Class I

2

• Nationwide Variable Insurance Trust - NVIT Multi-Manager International Growth Fund: Class I• Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class I• Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Growth Fund: Class I• Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class I• Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Growth Fund: Class I• Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II• Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I• Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I• Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I• Nationwide Variable Insurance Trust - NVIT Nationwide Fund: Class I• Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class I• Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class II• Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II• Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II• Nationwide Variable Insurance Trust - Templeton NVIT International Value Fund: Class I• Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: Class S• Oppenheimer Variable Account Funds - Oppenheimer Discovery Mid Cap Growth Fund/VA: Non-Service Shares• Oppenheimer Variable Account Funds - Oppenheimer Global Fund/VA: Non-Service Shares• Oppenheimer Variable Account Funds - Oppenheimer Global Strategic Income Fund/VA: Non-Service Shares• Oppenheimer Variable Account Funds - Oppenheimer Main Street Fund®/VA: Non-Service Shares• Oppenheimer Variable Account Funds - Oppenheimer Main Street Small Cap Fund®/VA: Non-Service Shares• PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class• PIMCO Variable Insurance Trust - Foreign Bond Portfolio (Unhedged): Advisor Class• PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class• PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class• PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class• Putnam Variable Trust - Putnam VT International Equity Fund: Class IB• T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II• VanEck VIP Trust - VanEck VIP Global Hard Assets Fund: Class S• Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2

Purchase payments not allocated to the underlying mutual funds may be allocated to the Fixed Account and/or theGuaranteed Term Options.

3

Glossary of Special Terms

Accumulation Unit – An accounting unit of measure used to calculate the Contract Value allocated to the VariableAccount before the Annuitization Date.

Annuitant – The person(s) whose length of life determines how long annuity payments are paid.

Annuitization Date – The date on which annuity payments begin.

Annuity Commencement Date – The date on which annuity payments are scheduled to begin.

Annuity Unit – An accounting unit of measure used to calculate the value of variable annuity payments.

Charitable Remainder Trust – A trust meeting the requirements of Section 664 of the Internal Revenue Code.

Contract Anniversary – Each recurring one-year anniversary of the date the contract was issued.

Contract Owner(s) – The person(s) who owns all rights under the contract.

Contract Value – The value of all Accumulation Units in a contract plus any amount held in the Fixed Account, theGTOs, and the collateral fixed account.

Contract Year – Each year the contract is in force beginning with the date the contract is issued.

Daily Net Assets – A figure that is calculated at the end of each Valuation Date and represents the sum of all theContract Owners’ interests in the Sub-Accounts after the deduction of underlying mutual fund expenses.

Fixed Account – An investment option that is funded by Nationwide’s General Account. Amounts allocated to theFixed Account will receive periodic interest subject to a guaranteed minimum crediting rate.

General Account – All assets of Nationwide other than those of the Variable Account or in other separate accounts ofNationwide.

Guaranteed Term Options – Investment options that provide a guaranteed fixed interest rate paid over specific termduration and contain a market value adjustment feature. Guaranteed Term Option is referred to as Target TermOption in the state of Pennsylvania.

Individual Retirement Account – An account that qualifies for favorable tax treatment under Section 408(a) of theInternal Revenue Code, but does not include Roth IRAs.

Individual Retirement Annuity or IRA – An annuity contract that qualifies for favorable tax treatment under Section408(b) of the Internal Revenue Code, but does not include Roth IRAs or Simple IRAs.

Investment-Only Contract – A contract purchased by a qualified pension, profit-sharing, or stock bonus plan asdefined by Section 401(a) of the Internal Revenue Code.

Nationwide – Nationwide Life Insurance Company.

Net Asset Value – The value of one share of an underlying mutual fund at the close of the New York Stock Exchange.

Non-Qualified Contract – A contract which does not qualify for favorable tax treatment as a Qualified Plan, IRA, RothIRA, SEP IRA, Simple IRA, or Tax Sheltered Annuity.

Qualified Plan – A retirement plan that receives favorable tax treatment under Section 401 of the Internal RevenueCode, including Investment-Only Contracts. In this prospectus, all provisions applicable to Qualified Plans applyexclusively to entities purchasing Investment-Only Contracts.

Roth IRA – An annuity contract that qualifies for favorable tax treatment under Section 408A of the Internal RevenueCode.

SEC – Securities and Exchange Commission.

4

Service Center – The department of Nationwide responsible for receiving all service and transaction requests relatingto the contract. For service and transaction requests submitted other than by telephone (including fax requests), theService Center is Nationwide’s mail and document processing facility. For service and transaction requestscommunicated by telephone, the Service Center is Nationwide’s operations processing facility. Information on how tocontact the Service Center is in the Contacting the Service Center provision.

Sub-Accounts – Divisions of the Variable Account, each of which invests in a single underlying mutual fund.

Tax Sheltered Annuity – An annuity that qualifies for favorable tax treatment under Section 403(b) of the InternalRevenue Code.

Valuation Date – Each day the New York Stock Exchange is open for business or any other day during which there isa sufficient degree of trading such that the current Net Asset Value of the underlying mutual fund shares might bematerially affected. Values of the Variable Account are determined as of the close of the New York Stock Exchange,which generally closes at 4:00 p.m. EST.

Valuation Period – The period of time commencing at the close of a Valuation Date and ending at the close of theNew York Stock Exchange for the next succeeding Valuation Date.

Variable Account – Nationwide Variable Account-II, a separate account that Nationwide established to hold ContractOwner assets allocated to variable investment options. The Variable Account is divided into Sub-Accounts, each ofwhich invests in a separate underlying mutual fund.

5

Page

Glossary of Special Terms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Contract Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8Underlying Mutual Fund Annual Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9Example. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9Synopsis of the Contracts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Surrenders/Withdrawals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Minimum Initial and Subsequent Purchase Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Dollar Limit Restrictions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Mortality and Expense Risk Charge. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Administrative Charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Contingent Deferred Sales Charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Underlying Mutual Fund Annual Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Annuity Payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Taxation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Death Benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Cancellation of the Contract. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

Condensed Financial Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12Nationwide Life Insurance Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12Nationwide Investment Services Corporation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12Investing in the Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

The Variable Account and Underlying Mutual Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12Guaranteed Term Options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14The Fixed Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Contacting the Service Center . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15The Contract in General. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

Cybersecurity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16Reservation of Rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17Distribution, Promotional, and Sales Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17Underlying Mutual Fund Service Fee Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17Treatment of Unclaimed Property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19Profitability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19Contract Modification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

Charges and Deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20Mortality and Expense Risk Charge. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20Administrative Charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20Contingent Deferred Sales Charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20Premium Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

Ownership and Interests in the Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21Contract Owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21Joint Owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21Contingent Owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22Annuitant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22Joint Annuitant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22Beneficiary and Contingent Beneficiary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22Changes to the Parties to the Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Operation of the Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23Pricing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23Application and Allocation of Purchase Payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23Determining the Contract Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24Transfer Requests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25Transfer Restrictions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25Transfers Prior to Annuitization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27Transfers After Annuitization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

Right to Examine and Cancel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28Allocation of Purchase Payments during Free Look Period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

Table of Contents

6

Page

Surrender/Withdrawal Prior to Annuitization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28Partial Withdrawals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29Full Surrenders. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Surrender/Withdrawal After Annuitization. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29Withdrawals Under Certain Plan Types . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Withdrawals Under a Qualified Contract or Tax Sheltered Annuity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29Loan Privilege. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

Minimum and Maximum Loan Amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30Maximum Loan Processing Fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30How Loan Requests are Processed. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31Interest Charged. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31Interest Credited. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31Loan Repayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31Distributions and Annuity Payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31Transferring the Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32Grace Period and Loan Default . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

Assignment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32Contract Owner Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

Asset Rebalancing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32Dollar Cost Averaging. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33Enhanced Fixed Account Dollar Cost Averaging . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33Systematic Withdrawals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

Death Benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34Death of Contract Owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34Death of Annuitant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34Death of Contract Owner/Annuitant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35Death Benefit Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35Death Benefit Calculations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

Annuity Commencement Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36Annuitizing the Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

Annuitization Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36Annuitization. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37Fixed Annuity Payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37Variable Annuity Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37Frequency and Amount of Annuity Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38

Annuity Payment Options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39Annuity Payment Options Available to All Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

Statements and Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40Legal Proceedings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40

Nationwide Life Insurance Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40Nationwide Investment Services Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41

Contents of Statement of Additional Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41Appendix A: Underlying Mutual Fund Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42Appendix B: Condensed Financial Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57Appendix C: Contract Types and Tax Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86

Types of Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86Federal Tax Considerations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88Required Distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94Tax Changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97State Taxation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97

Table of Contents (continued)

7

Contract ExpensesThe following tables describe the fees and expenses that a Contract Owner will pay when buying, owning, or surrenderingthe contract.

The first table describes the fees and expenses a Contract Owner will pay at the time the contract is purchased,surrendered, or when cash value is transferred between investment options.

Contract Owner Transaction ExpensesMaximum Contingent Deferred Sales Charge (�CDSC�) (as a percentage of purchase payments surrendered) . . . . . . . . . 7%1

Range of CDSC over time:

Number of Completed Years from Date ofPurchase Payment 0 1 2 3 4 5 6 7

CDSC Percentage 7% 6% 5% 4% 3% 2% 1% 0%

Some state jurisdictions require a lower CDSC schedule. Please refer to your contract for state specific information.

Maximum Loan Processing Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $252

Maximum Premium Tax Charge (as a percentage of purchase payments). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5%3

The next table describes the fees and expenses that a Contract Owner will pay periodically during the life of the contract(not including underlying mutual fund fees and expenses).

Recurring Contract ExpensesAnnual Loan Interest Charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.25%4

Variable Account Annual Expenses (annualized rate of total Variable Account charges assessed as an annualizedpercentage of Daily Net Assets)5

Mortality and Expense Risk Charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.25%Administration Charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.15%Total Variable Account Annual Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.40%

1 Each Contract Year, the Contract Owner may withdraw without a CDSC the greater of:

• 10% of the net difference of purchase payments that are subject to CDSC minus purchase payments previously withdrawnthat were subject to CDSC; and,

• any amount withdrawn to meet minimum distribution requirements for this contract under the Internal Revenue Code.

This free withdrawal privilege is non-cumulative. Free amounts not taken during any given Contract Year cannot be taken as freeamounts in a subsequent Contract Year. The Internal Revenue Code may impose restrictions on surrenders from contracts issuedas Tax Sheltered Annuities.

2 Nationwide assesses a loan processing fee at the time each new loan is processed. Loans are only available for contracts issuedas Tax Sheltered Annuities. Loans are not available in all states. In addition, some states may not permit Nationwide to assess aloan processing fee.

3 Nationwide will charge between 0% and 5% of purchase payments for premium taxes levied by state or other government entities.The amount assessed to the contract will equal the amount assessed by the state or government entity.

4 The loan interest rate is determined, based on market conditions, at the time of loan application or issuance. The loan balance inthe collateral fixed account is credited with interest at 2.25% less than the loan interest rate. Thus, the net loan interest charge is anannual rate of 2.25%, which is applied against the outstanding loan balance.

5 These charges apply only to Sub-Account allocations. They do not apply to allocations made to the Fixed Account or to theGuaranteed Term Options. They are charged on a daily basis at the annualized rate noted above.

8

Underlying Mutual Fund Annual ExpensesThe next table provides the minimum and maximum total operating expenses, as of December 31, 2017, charged by theunderlying mutual funds that the Contract Owner may pay periodically during the life of the contract. More detailconcerning each underlying mutual fund’s fees and expenses is contained in the prospectus for each underlying mutualfund.

Total Annual Underlying Mutual Fund Operating ExpensesMinimum Maximum

(expenses that are deducted from underlying mutual fund assets, includingmanagement fees, distribution (12b-1) fees, and other expenses, as a percentage ofaverage underlying mutual fund assets)

0.27% 2.61%

The minimum and maximum underlying mutual fund operating expenses indicated above do not reflect voluntary orcontractual reimbursements and/or waivers applied to some underlying mutual funds. Therefore, actual expenses could belower. Refer to the underlying mutual fund prospectuses for specific expense information.

ExampleThis example is intended to help Contract Owners compare the cost of investing in the contract with the cost of investingin other variable annuity contracts. These costs include Contract Owner transaction expenses, contract fees, VariableAccount annual expenses, and underlying mutual fund fees and expenses. The Example does not reflect premium taxeswhich, if reflected, would result in higher expenses.

The example assumes:

• a $10,000 investment in the contract for the time periods indicated;

• a 5% return each year;

• the maximum and the minimum fees and expenses of any of the underlying mutual funds;

• the CDSC schedule; and

• the total Variable Account charges associated with the contract (1.40%).

If you surrender your contractat the end of the

applicable time period

If you annuitize your contractat the end of the

applicable time periodIf you do not

surrender your contract

1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.

Maximum Total UnderlyingMutual Fund OperatingExpenses (2.61%) . . . . . . . . . $1,021 $1,673 $2,339 $4,363 * $1,273 $2,139 $4,363 $421 $1,273 $2,139 $4,363

Minimum Total UnderlyingMutual Fund OperatingExpenses (0.27%) . . . . . . . . . $ 775 $ 943 $1,136 $2,033 * $ 543 $ 936 $2,033 $175 $ 543 $ 936 $2,033

* The contracts sold under this prospectus do not permit annuitization during the first two Contract Years.

Synopsis of the ContractsThe annuity described in this prospectus is intended to provide benefits to a single or joint owner and his/her beneficiaries.The contracts described in this prospectus are Individual Deferred Variable Annuity Contracts.

The contracts may be issued as either individual or group contracts. In those states where contracts are issued as groupcontracts, references throughout this prospectus to �contract(s)� will also mean �certificate(s)� and �Contract Owner� willmean �participant� unless the plan permits or requires the Contract Owner to exercise contract rights under the terms ofthe plan.

The contracts can be categorized as:

• Charitable Remainder Trusts

9

• Individual Retirement Annuities (�IRAs�) with contributions rolled over or transferred from certain tax-qualifiedplans

• Investment-Only Contracts (Qualified Plans)

• Non-Qualified Contracts

• Roth IRAs

• Tax Sheltered Annuities with contributions rolled over or transferred from other Tax Sheltered Annuity plans

Nationwde no longer issues the contract as a Tax Sheltered Annuity, except to participants in ERISA and ORP plans thathave purchased a Nationwide individual annuity contract before September 25, 2007.

For more detailed information with regard to the differences in contract types, see Appendix C: Contract Types and TaxInformation.

The contracts described in this prospectus are no longer available for purchase.

Surrenders/Withdrawals

Contract Owners may generally withdraw some or all of their Contract Value at any time prior to annuitization by notifyingthe Service Center in writing (see Surrender/Withdrawal Prior to Annuitization). After the Annuitization Date, withdrawalsare not permitted (see Surrender/Withdrawal After Annuitization).

Minimum Initial and Subsequent Purchase Payments

All purchase payments must be paid in the currency of the United States of America. For Charitable Remainder Trusts,there is no minimum initial purchase payment. For all other contract types, the minimum initial purchase payment is$15,000. For Chartiable Remainder Trusts, there is no minimum subsequent purchase payment. For all other contracttypes, the minimum subsequent purchase payment is $1,000.

Some states have different minimum initial and subsequent purchase payment amounts, and subsequent purchasepayments may not be permitted in all states. Contact the Service Center for information on initial and subsequentpurchase payment requirements in a particular state.

Nationwide reserves the right to refuse any purchase payment that would result in the cumulative total for allcontracts issued by Nationwide on the life of any one Annuitant or owned by any one Contract Owner to exceed$1,000,000. Its decision as to whether or not to accept a purchase payment in excess of that amount will be based on oneor more factors, including, but not limited to: age, spouse age (if applicable), Annuitant age, state of issue, total purchasepayments, optional benefits elected, current market conditions, and current hedging costs. All such decisions will be basedon internally established actuarial guidelines and will be applied in a non-discriminatory manner. In the event thatNationwide does not accept a purchase payment under these guidelines, the purchase payment will be immediatelyreturned in its entirety in the same manner as it was received. If Nationwide accepts the purchase payment, it will beapplied to the contract immediately and will receive the next calculated Accumulation Unit value. Any references in thisprospectus to purchase payment amounts in excess of $1,000,000 are assumed to have been approved by Nationwide.

Dollar Limit Restrictions

Certain features of the contract have additional purchase payment and/or Contract Value limitations associated with them:

Guaranteed Term Options. The minimum amount that may be allocated to a Guaranteed Term Option is $1,000.

Mortality and Expense Risk Charge

Nationwide deducts a Mortality and Expense Risk Charge equal to an annualized rate of 1.25% of the Daily Net Assets.The Mortality and Expense Risk Charge compensates Nationwide for providing the insurance benefits under the contract,including the contract’s standard death benefit. It also compensates Nationwide for assuming the risk that Annuitants willlive longer than assumed. Finally, the Mortality and Expense Risk Charge compensates Nationwide for guaranteeing thatcharges will not increase regardless of actual expenses. Nationwide may realize a profit from this charge.

10

Administrative Charge

Nationwide deducts an Administrative Charge equal to an annualized rate of 0.15% of the Daily Net Assets. TheAdministrative Charge reimburses Nationwide for administrative costs it incurs resulting from providing contract benefits,including preparation of the contract and prospectus, confirmation statements, annual account statements and annualreports, legal and accounting fees, as well as various related expenses. Nationwide may realize a profit from this charge.

Contingent Deferred Sales Charge

Nationwide does not deduct a sales charge from purchase payments upon deposit into the contract. However, Nationwidemay deduct a Contingent Deferred Sales Charge (�CDSC�) if any amount is withdrawn from the contract. This CDSCreimburses Nationwide for sales expenses. The amount of the CDSC will not exceed 7% of purchase paymentswithdrawn.

Underlying Mutual Fund Annual Expenses

The underlying mutual funds charge fees and expenses that are deducted from underlying mutual fund assets. These feesand expenses are in addition to the fees and expenses assessed by the contract. The prospectus for each underlyingmutual fund provides information regarding the fees and expenses applicable to the fund.

Annuity Payments

On the Annuitization Date, annuity payments begin (see Annuitizing the Contract). Annuity payments will be based on theannuity payment option chosen prior to annuitization. Nationwide will send annuity payments no later than seven daysafter each annuity payment date.

Taxation

How distributions from an annuity contract are taxed depends on the type of contract issued and the purpose for which thecontract is purchased. Generally, distributions from an annuity contract, including the payment of death benefits, aretaxable to the extent the cash value exceeds the investment in the contract (see Appendix C: Contract Types and TaxInformation). Nationwide will charge against the contract any premium taxes levied by any governmental authority.Premium tax rates currently range from 0% to 5% (see Premium Taxes and Appendix C: Contract Types and TaxInformation).

Death Benefit

The contract contains a standard death benefit (the greatest of (i) Contract Value, (ii) net purchase payments, or (iii)Contract Value as of the most recent five-year Contract Anniversary before the Annuitant’s 86th birthday) at no additionalcharge.

Cancellation of the Contract

Under state insurance laws, Contract Owners have the right, during a limited period of time, to examine their contract anddecide if they want to keep it or cancel it. This right is referred to as a �free look� right. The length of this time perioddepends on state law and may vary depending on whether the purchase is a replacement of another annuity contract. Forease of administration, Nationwide will honor any free look cancellation request that is in good order and received at theService Center or postmarked within 30 days after the contract issue date (see Right to Examine and Cancel andContacting the Service Center).

If the Contract Owner elects to cancel the contract pursuant to the free look provision, where required by law, Nationwidewill return the greater of the Contract Value or the amount of purchase payment(s) applied during the free look period,less any withdrawals from the contract, and applicable federal and state income tax withholding. Otherwise, Nationwidewill return the Contract Value, less any withdrawals from the contract, and applicable federal and state income taxwithholding (see Right to Examine and Cancel).

11

Condensed Financial InformationThe value of an Accumulation Unit is determined on the basis of changes in the per share value of the underlying mutualfunds and the assessment of Variable Account charges. Refer to Appendix B: Condensed Financial Information forAccumulation Unit value information.

Financial StatementsFinancial statements for the Variable Account and consolidated financial statements for Nationwide are located in theStatement of Additional Information. A current Statement of Additional Information may be obtained, without charge, bycontacting the Service Center.

Nationwide Life Insurance CompanyNationwide, the depositor, is a stock life insurance company organized under Ohio law in March 1929, with its home officeat One Nationwide Plaza, Columbus, Ohio 43215. Nationwide is a provider of life insurance, annuities, and retirementproducts. Nationwide is admitted to do business in all states, the District of Columbia, Guam, the U.S. Virgin Islands, andPuerto Rico.

Nationwide is a member of the Nationwide group of companies. Nationwide Mutual Insurance Company and NationwideMutual Fire Insurance Company (the �Companies�) are the ultimate controlling persons of the Nationwide group ofcompanies. The Companies were organized under Ohio law in December 1925 and 1933 respectively. The Companiesengage in a general insurance and reinsurance business, except life insurance.

Nationwide intends to rely on the exemption provided by Rule 12h-7 under the Securities Exchange Act of 1934 (�1934Act�). In reliance on the exemption provided by Rule 12h-7, Nationwide does not intend to file periodic reports as requiredunder the 1934 Act.

Nationwide Investment Services CorporationThe contracts are distributed by the general distributor, Nationwide Investment Services Corporation (�NISC�), OneNationwide Plaza, Columbus, Ohio 43215. NISC is a wholly-owned subsidiary of Nationwide.

Investing in the Contract

The Variable Account and Underlying Mutual Funds

Nationwide Variable Account-II is a variable account that invests in the underlying mutual funds listed in Appendix A:Underlying Mutual Fund Information. Nationwide established the Variable Account on October 7, 1981 pursuant to Ohiolaw. Although the Variable Account is registered with the SEC as a unit investment trust pursuant to the InvestmentCompany Act of 1940 (�1940 Act�), the SEC does not supervise the management of Nationwide or the Variable Account.

Income, gains, and losses credited to or charged against the Variable Account reflect the Variable Account’s owninvestment experience and not the investment experience of Nationwide’s other assets. The Variable Account’s assets areheld separately from Nationwide’s assets and are not chargeable with liabilities incurred in any other business ofNationwide. Nationwide is obligated to pay all amounts promised to Contract Owners under the contracts.

The Variable Account is divided into Sub-Accounts, each of which invests in shares of a single underlying mutual fund.Nationwide uses the assets of each Sub-Account to buy shares of the underlying mutual funds based on Contract Ownerinstructions.

Contract Owners receive underlying mutual fund prospectuses when they make their initial Sub-Account allocations andany time they change those allocations. Contract Owners can obtain prospectuses for underlying mutual funds freeof charge at any time by contacting the Service Center. Contract Owners should read these prospectusescarefully before investing.

Underlying mutual funds in the Variable Account are NOT publicly traded mutual funds. They are only available asinvestment options in variable life insurance policies or variable annuity contracts issued by life insurance companies, or insome cases, through participation in certain qualified pension or retirement plans.

12

The investment advisers of the underlying mutual funds may manage publicly traded mutual funds with similar names andinvestment objectives. However, the underlying mutual funds are NOT directly related to any publicly traded mutual fund.Contract Owners should not compare the performance of a publicly traded fund with the performance of underlyingmutual funds participating in the Variable Account. The performance of the underlying mutual funds could differsubstantially from that of any publicly traded funds.

The particular underlying mutual funds available under the contract may change from time to time. Specifically, underlyingmutual funds or underlying mutual fund share classes that are currently available may be removed or closed off to futureinvestment. New underlying mutual funds or new share classes of currently available underlying mutual funds may beadded. Contract Owners will receive notice of any such changes that affect their contract. The underlying mutual funds,which sell their shares to the Sub-Accounts pursuant to participation agreements, also may terminate these agreementsand discontinue offering their shares to the Sub-Accounts.

Voting Rights

Contract Owners with assets allocated to Sub-Accounts are entitled to certain voting rights. Nationwide will vote ContractOwner shares at special shareholder meetings based on Contract Owner instructions. However, if the law changes andNationwide is allowed to vote in its own right, it may elect to do so.

Contract Owners with voting interests in an underlying mutual fund will be notified of issues requiring the shareholders’vote as soon as possible before the shareholder meeting. Notification will contain proxy materials and a form with which togive Nationwide voting instructions. Nationwide will vote shares for which no instructions are received in the sameproportion as those that are received. What this means is that when only a small number of Contract Owners vote, eachvote has a greater impact on, and may control, the outcome.

The number of shares which a Contract Owner may vote is determined by dividing the cash value of the amount theyhave allocated to an underlying mutual fund by the Net Asset Value of that underlying mutual fund. Nationwide willdesignate a date for this determination not more than 90 days before the shareholder meeting.

Material Conflicts

The underlying mutual funds may be offered through separate accounts of other insurance companies, as well as throughother separate accounts of Nationwide. Nationwide does not anticipate any disadvantages to this. However, it is possiblethat a conflict may arise between the interests of the Variable Account and one or more of the other separate accounts inwhich these underlying mutual funds participate.

Material conflicts may occur due to a change in law affecting the operations of variable life insurance policies and variableannuity contracts, or differences in the voting instructions of the Contract Owners and those of other companies. If amaterial conflict occurs, Nationwide will take whatever steps are necessary to protect Contract Owners and variableannuity payees, including withdrawal of the Variable Account from participation in the underlying mutual fund(s) involved inthe conflict.

Substitution of Securities

Nationwide may substitute, eliminate, or combine shares of another underlying mutual fund for shares already purchasedor to be purchased in the future if either of the following occurs:

(1) shares of a current underlying mutual fund are no longer available for investment; or

(2) further investment in an underlying mutual fund is inappropriate.

Nationwide will not substitute shares of any underlying mutual fund in which the Sub-Accounts invest without anynecessary prior approval of the appropriate state or federal regulatory authorities. All affected Contract Owners will benotified in the event there is a substitution, elimination, or combination of shares.

The substitute underlying mutual fund may have different fees and expenses. Substitution may be made with respect toexisting investments or the investment of future purchase payments, or both.

Deregistration of the Variable Account

Nationwide may deregister the Variable Account under the 1940 Act in the event the Variable Account meets an exemptionfrom registration under the 1940 Act, if there are no shareholders in the separate account, or for any other purposeapproved by the SEC.

13

No deregistration may take place without the prior approval of the SEC. All affected Contract Owners will be notified in theevent Nationwide deregisters the Variable Account. If the Variable Account is deregistered Nationwide’s contractualobligations to the Contract Owner will continue.

Guaranteed Term Options

Guaranteed Term Options or GTOs are separate investment options under the contract. The minimum amount that may beallocated to a GTO is $1,000. Allocations to a Guaranteed Term Option are held in a separate account, established byNationwide pursuant to Ohio law, to aid in the reserving and accounting for Guaranteed Term Option obligations. Theseparate account’s assets are held separately from Nationwide’s other assets and are not chargeable with liabilitiesincurred in any other business of Nationwide. However, Nationwide’s General Account assets are available for thepurpose of meeting the guarantees of any Guaranteed Term Option, subject to Nationwide’s claims-paying ability. AGuaranteed Term Option prospectus should be read along with this prospectus. Guaranteed Term Options may not beavailable in every state.

Guaranteed Term Options provide a guaranteed rate of interest over four different maturity durations: three (3), five (5),seven (7) or ten (10) years. Note: The guaranteed term may last for up to three months beyond the 3, 5, 7, or 10-yearperiod since every guaranteed term will end on the final day of a calendar quarter.

For the duration selected, Nationwide will declare a guaranteed interest rate. The guaranteed interest rate will be creditedto amounts allocated to the Guaranteed Term Option unless the Contract Owner takes a withdrawal from their GTOallocation before the maturity date. If a withdrawal is taken before the maturity date, the withdrawal will be subject to amarket value adjustment. A market value adjustment can increase or decrease the amount withdrawn depending onfluctuations in constant maturity treasury rates. No market value adjustment will be applied if Guaranteed Term Optionallocations are held to maturity.

Because a market value adjustment can affect the value of a withdrawal, its effects should be carefully considered beforesurrendering or transferring from Guaranteed Term Options. The prospectus for the Guaranteed Term Options containsadditional information and can be obtained free of charge by contacting the Service Center.

Guaranteed Term Options are available only during the accumulation phase of a contract. They are not available after theAnnuitization Date. In addition, Guaranteed Term Options are not available for use with Asset Rebalancing, Dollar CostAveraging programs, or Systematic Withdrawals.

The Fixed Account

The Fixed Account is an investment option that is funded by assets of Nationwide’s General Account. The GeneralAccount contains all of Nationwide’s assets other than those in this and other Nationwide separate accounts and is usedto support Nationwide’s annuity and insurance obligations. The General Account is not subject to the same laws as theVariable Account and the SEC has not reviewed material in this prospectus relating to the Fixed Account.

Purchase payments will be allocated to the Fixed Account by election of the Contract Owner. Nationwide reserves theright to limit or refuse purchase payments and/or transfers allocated to the Fixed Account at its sole discretion. Generally,Nationwide will invoke this right when interest rates are low by historical standards. Effective April 21, 2014, Nationwideinvoked its right to limit purchase payments and/or transfers into the Fixed Account if the Fixed Account is (or would beafter the purchase payment or transfer) equal to or greater than 30% of the Contract Value at the time such purchasepayment is submitted or such transfer is requested. Nationwide also reserves the right to limit the amount that can betransferred from the Fixed Account at the end of an interest rate guaranteed period. State law requires Nationwide toreserve the right to postpone payment or transfer out of the Fixed Account for a period of up to six months from the dateof the withdrawal or transfer request. The Fixed Account may not be available in every state.

Nationwide may also establish an annual maximum transfer limit for transfers to the Fixed Account. Within any ContractYear, Nationwide reserves the right to restrict transfers from the Sub-Accounts to the Fixed Account to 10% of the value ofthe Sub-Accounts.

The investment income earned by the Fixed Account will be allocated to the contracts at varying guaranteed interestrate(s) depending on the following categories of Fixed Account allocations:

• New Money Rate – The rate credited on the Fixed Account allocation when the contract is purchased or whensubsequent purchase payments are made. Subsequent purchase payments may receive different New MoneyRates than the rate when the contract was issued, since the New Money Rate is subject to change based onmarket conditions.

14

• Variable Account to Fixed Rate – Allocations transferred from any of the Sub-Accounts to the Fixed Account mayreceive a different rate. The rate may be lower than the New Money Rate. There may be limits on the amountand frequency of movements from the Sub-Accounts to the Fixed Account.

• Renewal Rate – The rate available for maturing Fixed Account allocations which are entering a new guaranteeperiod. The Contract Owner will be notified of this rate in a letter issued with the quarterly statements when aContract Owner’s Fixed Account allocation matures. At that time, the Contract Owner will have an opportunity toleave the money in the Fixed Account and receive the Renewal Rate or the Contract Owner can move the moneyto any of the other investment options.

• Dollar Cost Averaging Rate – From time to time, Nationwide may offer a more favorable rate for an initialpurchase payment into a new contract when used in conjunction with a Dollar Cost Averaging program. Rateswill vary depending on the Dollar Cost Averaging program elected (see Contract Owner Services).

All of these rates are subject to change on a daily basis; however, once applied to the Fixed Account, the interest rates areguaranteed until the end of the calendar quarter during which the 12-month anniversary of the Fixed Account allocationoccurs.

Credited interest rates are annualized rates – the effective yield of interest over a one-year period. Interest is credited toeach contract on a daily basis. As a result, the credited interest rate is compounded daily to achieve the stated effectiveyield.

The guaranteed rate for any purchase payment will be effective for not less than 12 months. Nationwide guarantees thatthe rate will not be less than the minimum interest rate required by applicable state law. Any interest in excess of theminimum interest rate required by applicable state law will be credited to Fixed Account allocations at Nationwide’s solediscretion.

Nationwide guarantees that the value of Fixed Account allocations will not be less than the amount of the purchasepayments allocated to the Fixed Account, plus interest credited as described above, less any withdrawals and anyapplicable charges including CDSC.

Fixed Account Interest Rate Guarantee Period

The Fixed Account interest rate guarantee period is the period of time that the Fixed Account interest rate is guaranteed toremain the same. During a Fixed Account interest rate guarantee period, transfers cannot be made from the FixedAccount, and amounts transferred to the Fixed Account must remain on deposit.

For new purchase payments allocated to the Fixed Account and transfers to the Fixed Account, the Fixed Account interestrate guarantee period begins on the date of deposit or transfer and ends on the one-year anniversary of the deposit ortransfer. The guaranteed interest rate period may last for up to three months beyond the one-year anniversary becauseguaranteed terms end on the last day of a calendar quarter.

Contacting the Service CenterAll inquiries, paperwork, information requests, service requests, and transaction requests should be made to the ServiceCenter:

• by telephone at 1-800-848-6331 (TDD 1-800-238-3035)

• by mail to P.O. Box 182021, Columbus, Ohio 43218-2021

• by fax at 1-888-634-4472

• by Internet at www.nationwide.com.

Nationwide reserves the right to restrict or remove the ability to submit service requests via Internet, phone, or fax uponwritten notice.

Not all methods of communication are available for all types of requests. To determine which methods are permitted for aparticular request, refer to the specific transaction provision in this prospectus or call the Service Center. Requestssubmitted by means other than described in this prospectus could be returned or delayed.

Service and transaction requests will generally be processed on the Valuation Date they are received at the ServiceCenter as long as the request is in good order. Good order generally means that all necessary information to process therequest is complete and in a form acceptable to Nationwide. If a request is not in good order, Nationwide will takereasonable actions to obtain the information necessary to process the request. Requests that are not in good order may

15

be delayed or returned. Nationwide reserves the right to process any purchase payment or withdrawal request sent to alocation other than the Service Center on the Valuation Date it is received at the Service Center. On any day the postoffice is closed, Nationwide is unable to retrieve service and transaction requests that are submitted by mail. This willresult in a delay of the delivery of those requests to the Service Center.

Nationwide will use reasonable procedures to confirm that instructions are genuine and will not be liable for followinginstructions that it reasonably determined to be genuine. Nationwide may record telephone requests. Telephone andcomputer systems may not always be available. Any telephone system or computer can experience outages or slowdownsfor a variety of reasons. The outages or slowdowns could prevent or delay processing. Although Nationwide has takenprecautions to support heavy use, it is still possible to incur an outage or delay. To avoid technical difficulties, submittransaction requests by mail.

The Contract in GeneralIn order to comply with the USA PATRIOT Act and rules promulgated thereunder, Nationwide has implemented proceduresdesigned to prevent contracts described in this prospectus from being used to facilitate money laundering or the financingof terrorist activities. If mandated under applicable law, Nationwide may be required to reject a purchase payment and/orblock a Contract Owner’s account and thereby refuse to process any request for transfers, withdrawals, surrenders, loansor death benefits until instructions are received from the appropriate regulators. Nationwide may also be required toprovide additional information about a Contract Owner or a Contract Owner’s account to governmental regulators.

Due to state law variations, the options and benefits described in this prospectus may vary or may not be availabledepending on the state in which the contract is issued. Possible state law variations include, but are not limited to,minimum initial and subsequent purchase payment amounts, investment options, age issuance limitations, free look rights,annuity payment options, ownership and interests in the contract, death benefit calculations, and CDSC-free withdrawalprivileges. This prospectus describes all the material features of the contract. State variations are subject to changewithout notice at any time. To review a copy of the contract and any endorsements, contact the Service Center.

Nationwide will not contest the contract.

Nationwide will not pay insurance proceeds directly to minors. Contact a legal advisor for options to facilitate the timelyavailability of monies intended for a minor’s benefit.

The annuity described in this prospectus is intended to provide benefits to a single individual and his/her beneficiaries. It isnot intended to be used by institutional investors, in connection with other Nationwide contracts that have the sameAnnuitant, or in connection with other Nationwide contracts that have different Annuitants, but the same Contract Owner. IfNationwide determines that the risks it intended to assume in issuing the contract have been altered by misusing thecontract as described above, Nationwide reserves the right to take any action it deems necessary to reduce or eliminatethe altered risk. Nationwide also reserves the right to take any action it deems necessary to reduce or eliminate alteredrisk resulting from materially false, misleading, incomplete, or otherwise deficient information provided by the ContractOwner.

These contracts are offered to customers of various financial institutions and brokerage firms. No financial institution orbrokerage firm is responsible for any of the contractual insurance benefits and features guaranteed under the contracts.These guarantees are the sole responsibility of Nationwide.

In general, deferred variable annuities are long-term investments; they are not intended as short-term investments. Thecontracts associated with this prospectus are not intended to be sold to a terminally ill Contract Owner or Annuitant.Accordingly, Nationwide has designed the contract to offer features, pricing, and investment options that encourage long-term ownership. It is very important that Contract Owners and prospective purchasers understand all the costs associatedwith owning a contract, and if and how those costs change during the lifetime of the contract. Contract charges may notbe the same in later Contract Years as they are in early Contract Years. The various contract charges are assessed inorder to compensate Nationwide for administrative services, distribution and operational expenses, and assumed actuarialrisks associated with the contract.

Cybersecurity

Nationwide’s businesses are highly dependent upon its computer systems and those of its business partners. This makesNationwide potentially susceptible to operational and information security risks resulting from a cyber-attack. These risksinclude direct risks, such as theft, misuse, corruption and destruction of data maintained by Nationwide, and indirect risks,such as denial of service, attacks on service provider websites and other operational disruptions that impede Nationwide’s

16

ability to electronically interact with service providers. Cyber-attacks affecting Nationwide, the underlying mutual funds,intermediaries, and other service providers may adversely affect Nationwide and Contract Values. In connection with anysuch cyber-attack, Nationwide and/or its service providers and intermediaries may be subject to regulatory fines andfinancial losses and/or reputational damage. Cybersecurity risks may also impact the issuers of securities in which theunderlying mutual funds invest, which may cause the underlying mutual funds to lose value. Although Nationwideundertakes substantial efforts to protect its computer systems from cyber-attacks, including internal processes andtechnological defenses that are preventative or detective, and other controls designed to provide multiple layers of securityassurance, there can be no guarantee that Nationwide, its service providers, or the underlying mutual funds will avoidlosses affecting contracts due to cyber-attacks or information security breaches in the future.

In the event that Contract Values are adversely affected as a result of the failure of Nationwide’s cybersecurity controls,Nationwide will take reasonable steps to restore Contract Values to the levels that they would have been had the cyber-attack not occurred. Nationwide will not, however, be responsible for any adverse impact to Contract Values that resultfrom the Contract Owner or its designee’s negligent acts or failure to use reasonably appropriate safeguards to protectagainst cyber-attacks.

Reservation of Rights

In addition to rights that Nationwide specifically reserves elsewhere in this prospectus, Nationwide reserves the right,subject to any applicable regulatory approvals, to perform any or all of the following:

• close Sub-Accounts to additional purchase payments on existing contracts or close Sub-Accounts for contractspurchased on or after specified dates. Changes of this nature will be made as directed by the underlying mutualfunds or because Nationwide determines that the underlying mutual fund is no longer suitable (see Identificationof Underlying Mutual Funds);

• make changes required by any change in the federal securities laws, including, but not limited to, the SecuritiesAct of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, or any other changesto the Securities and Exchange Commission’s interpretation thereof;

• make any changes necessary to maintain the status of the contracts as annuities under the Internal RevenueCode;

• make any changes required by federal or state laws with respect to annuity contracts; and

• suspend or discontinue sale of the contracts. The decision to suspend or discontinue sale of the contracts ismade at Nationwide’s discretion. Any decision of this nature would not impact current Contract Owners.

Contract Owners will be notified of any resulting changes by way of a supplement to the prospectus.

Following is a discussion of some relevant factors that may be of particular interest to prospective investors.

Distribution, Promotional, and Sales Expenses

Nationwide pays commissions to the firms that sell the contracts. The maximum gross commission that Nationwide willpay on the sale of the contracts is 6.25% of purchase payments. Note: The individual registered representatives typicallyreceive only a portion of this amount; the remainder is retained by the firm. Nationwide may also, instead of a premium-based commission, pay an asset-based commission (sometimes referred to as �trails� or �residuals�), or a combination ofthe two.

In addition to or partially in lieu of commission, Nationwide may also pay the selling firms a marketing allowance, which isbased on the firm’s ability and demonstrated willingness to promote and market Nationwide’s products. How anymarketing allowance is spent is determined by the firm, but generally will be used to finance firm activities that maycontribute to the promotion and marketing of Nationwide’s products. For more information on the exact compensationarrangement associated with this contract, consult your sales representative.

Underlying Mutual Fund Service Fee Payments

Nationwide’s Relationship with the Underlying Mutual Funds

The underlying mutual funds incur expenses each time they sell, administer, or redeem their shares. The Variable Accountaggregates Contract Owner purchase, redemption, and transfer requests and submits net or aggregated purchase/redemption requests to each underlying mutual fund daily. The Variable Account (not the Contract Owners) is the

17

underlying mutual fund shareholder. When the Variable Account aggregates transactions, the underlying mutual fund doesnot incur the expense of processing individual transactions it would normally incur if it sold its shares directly to the public.Nationwide incurs these expenses instead.

Nationwide also incurs the distribution costs of selling the contract (as discussed above), which benefit the underlyingmutual funds by providing Contract Owners with Sub-Account options that correspond to the underlying mutual funds.

An investment adviser or subadviser of an underlying mutual fund or its affiliates may provide Nationwide or its affiliateswith wholesaling services that assist in the distribution of the contract and may pay Nationwide or its affiliates toparticipate in educational and/or marketing activities. These activities may provide the adviser or subadviser (or theiraffiliates) with increased exposure to persons involved in the distribution of the contract.

Types of Payments Nationwide Receives

In light of the above, the underlying mutual funds and their affiliates make certain payments to Nationwide or its affiliates(the �payments�). The amount of these payments is typically based on a percentage of assets invested in the underlyingmutual funds attributable to the contracts and other variable contracts Nationwide and its affiliates issue, but in somecases may involve a flat fee. These payments are made for various purposes, including payments for the servicesprovided and expenses incurred by the Nationwide companies in promoting, marketing and administering the contractsand underlying funds. Nationwide may realize a profit on the payments received.

Nationwide or its affiliates receive the following types of payments:

• Underlying mutual fund 12b-1 fees, which are deducted from underlying mutual fund assets;

• Sub-transfer agent fees or fees pursuant to administrative service plans adopted by the underlying mutual fund,which may be deducted from underlying mutual fund assets; and

• Payments by an underlying mutual fund’s adviser or subadviser (or its affiliates). Such payments may be derived,in whole or in part, from the advisory fee, which is deducted from underlying mutual fund assets and is reflectedin mutual fund charges.

Furthermore, Nationwide benefits from assets invested in Nationwide’s affiliated underlying mutual funds (i.e., NationwideVariable Insurance Trust) because its affiliates also receive compensation from the underlying mutual funds for investmentadvisory, administrative, transfer agency, distribution, and/or other services provided. Thus, Nationwide may receive morerevenue with respect to affiliated underlying mutual funds than unaffiliated underlying mutual funds.

Nationwide took into consideration the anticipated mutual fund service fee payments from the underlying mutual fundswhen it determined the charges imposed under the contracts (apart from fees and expenses imposed by the underlyingmutual funds). Without these mutual fund service fee payments, Nationwide would have imposed higher charges underthe contract.

Amount of Payments Nationwide Receives

For the year end December 31, 2017, the underlying mutual fund service fee payments Nationwide and its affiliatesreceived from the underlying mutual funds did not exceed 0.75% (as a percentage of the average Daily Net Assetsinvested in the underlying mutual funds) offered through the contract or other variable contracts that Nationwide and itsaffiliates issue. Payments from investment advisers or subadvisers to participate in educational and/or marketing activitieshave not been taken into account in this percentage.

Most underlying mutual funds or their affiliates have agreed to make payments to Nationwide or its affiliates, although theapplicable percentages may vary from underlying mutual fund to underlying mutual fund and some may not make anypayments at all. Because the amount of the actual payments Nationwide and its affiliates receive depends on the assetsof the underlying mutual funds attributable to the contract, Nationwide and its affiliates may receive higher payments fromunderlying mutual funds with lower percentages (but greater assets) than from underlying mutual funds that have higherpercentages (but fewer assets).

For contracts owned by an employer sponsored retirement plan subject to ERISA, upon a plan trustee’s request,Nationwide will provide a best estimate of plan-specific, aggregate data regarding the amount of underlying mutual fundservice fee payments Nationwide received in connection with the plan’s investments either for the previous calendar yearor plan year, if the plan year is not the same as the calendar year.

18

Identification of Underlying Mutual Funds

Nationwide may consider several criteria when identifying the underlying mutual funds, including some or all of thefollowing: investment objectives, investment process, risk characteristics, investment capabilities, experience andresources, investment consistency, fund expenses, asset class coverage, the alignment of the investment objectives of theunderlying mutual fund with Nationwide’s hedging strategy, the strength of the adviser’s or subadviser’s reputation andtenure, brand recognition, and the capability and qualification of each investment firm. Other factors Nationwide mayconsider during the identification process are: whether the underlying mutual fund’s adviser or subadviser is a Nationwideaffiliate; whether the underlying mutual fund or its service providers (e.g. the investment adviser or subadvisers), or itsaffiliates will make mutual fund service fee payments to Nationwide or its affiliates in connection with certainadministrative, marketing, and support services; or whether affiliates of the underlying mutual fund can provide marketingand distribution support for sales of the contracts. For additional information on these arrangements, see Types ofPayments Nationwide Receives. Nationwide reviews the funds periodically and may remove a fund or limit its availability tonew contributions and/or transfers of account value if Nationwide determines that a fund no longer satisfies one or moreof the selection criteria, and/or if the fund has not attracted significant allocations from Contract Owners.

Nationwide does not recommend or endorse any particular fund and it does not provide investment advice.

There may be underlying mutual funds with lower fees and expenses, as well as other variable contracts that offerunderlying mutual funds with lower fees and expenses. The purchaser should consider all of the fees and charges of thecontract in relation to its features and benefits when making a decision to invest. Note: Higher contract and underlyingmutual fund fees and expenses have a direct effect on and may lower investment performance.

Treatment of Unclaimed Property

Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period ofinactivity of three to five years from the contract’s Annuity Commencement Date or the date Nationwide becomesinformed that a death benefit is due and payable. For example, if the payment of a death benefit has been triggered, but, ifafter a thorough search, Nationwide is still unable to locate the beneficiary of the death benefit, or the beneficiary does notcome forward to claim the death benefit in a timely manner, the death benefit will be surrendered and placed in a non-interest bearing account. While in the non-interest bearing account, Nationwide will continue to perform due diligencerequired by state law. Once the state mandated period has expired, Nationwide will escheat the death benefit to theabandoned property division or unclaimed property office of the state in which the beneficiary or the Contract Owner lastresided, as shown on Nationwide’s books and records, or to Ohio, Nationwide’s state of domicile. If a claim issubsequently made, the state is obligated to pay any such amount (without interest) to the designated recipient uponpresentation of proper documentation.

To prevent escheatment, it is important to update beneficiary designations - including complete names, completeaddresses, phone numbers, and social security numbers - as they change. Such updates should be sent to theService Center.

Profitability

Nationwide does consider profitability when determining the charges in the contract. In early Contract Years, Nationwidedoes not anticipate earning a profit, since that is a time when administrative and distribution expenses are typically higher.Nationwide does, however, anticipate earning a profit in later Contract Years. In general, Nationwide’s profit will be greaterthe higher the investment return and the longer the contract is held.

Contract Modification

Nationwide may modify the contract, but no modification will affect the amount or term of any contract unless amodification is required to conform the contract to applicable federal or state law. No modification will affect the method bywhich Contract Value is determined.

19

Charges and Deductions

Mortality and Expense Risk Charge

Nationwide deducts a Mortality and Expense Risk Charge equal to an annualized rate of 1.25% of the Daily Net Assets.The Mortality and Expense Risk Charge compensates Nationwide for providing the insurance benefits under the contract,including the contract’s standard death benefit. It also compensates Nationwide for assuming the risk that Annuitants willlive longer than assumed. Finally, the Mortality and Expense Risk Charge compensates Nationwide for guaranteeing thatcharges will not increase regardless of actual expenses. Nationwide may realize a profit from this charge.

Administrative Charge

Nationwide deducts an Administrative Charge equal to an annualized rate of 0.15% of the Daily Net Assets. TheAdministrative Charge reimburses Nationwide for administrative costs it incurs resulting from providing contract benefits,including preparation of the contract and prospectus, confirmation statements, annual account statements and annualreports, legal and accounting fees, as well as various related expenses. Nationwide may realize a profit from this charge.

Contingent Deferred Sales Charge

No sales charge deduction is made from purchase payments upon deposit into the contract. However, if any part of thecontract is withdrawn, Nationwide may deduct a CDSC. The CDSC will not exceed 7% of purchase payments withdrawn.

The CDSC is calculated by multiplying the applicable CDSC percentage (noted in the following table) by the amount ofpurchase payments withdrawn. For purposes of calculating the CDSC, withdrawals are considered to come first from theoldest purchase payment made to the contract, then the next oldest purchase payment, and so forth. CDSC provisionsvary by state. Refer to the contract for state specific information.

The CDSC applies as follows:

Number of Completed Years from Date of Purchase Payment 0 1 2 3 4 5 6 7+

CDSC Percentage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7% 6% 5% 4% 3% 2% 1% 0%

Earnings are not subject to the CDSC, but may not be distributed prior to the distribution of all purchase payments. (Fortax purposes, a withdrawal is usually treated as a withdrawal of earnings first.)

The CDSC is used to cover sales expenses, including commissions, production of sales material, and other promotionalexpenses. If expenses are greater than the CDSC, the shortfall will be made up from Nationwide’s general assets, whichmay indirectly include portions of the Variable Account charges, since Nationwide may generate a profit from thesecharges.

All or a portion of any withdrawal may be subject to federal income taxes. Contract Owners taking withdrawals before age59½ may be subject to a 10% penalty tax.

Waiver of Contingent Deferred Sales Charge

The maximum amount that can be withdrawn annually without a CDSC is the greater of:

(1) 10% of the net difference of purchase payments that are subject to CDSC minus purchase payments previouslywithdrawn that were subject to CDSC; and

(2) any amount withdrawn to meet minimum distribution requirements for this contract under the Internal RevenueCode.

This CDSC-free withdrawal privilege is non-cumulative. Free amounts not taken during any given Contract Year cannot betaken as free amounts in a subsequent Contract Year.

Note: CDSC-free withdrawals do not count as �purchase payments previously withdrawn that were subject to CDSC� and,therefore, do not reduce the amount used to calculate subsequent CDSC-free withdrawal amounts.

In addition, no CDSC will be deducted:

(1) upon the annuitization of contracts which have been in force for at least two years;

(2) upon payment of a death benefit; or

20

(3) from any values which have been held under a contract for at least seven years.

No CDSC applies to transfers between or among the various investment options in the contract.

A contract held by a Charitable Remainder Trust (within the meaning of Internal Revenue Code Section 664) maywithdraw the greater of (i) the amount available under the CDSC-free withdrawal privilege described above, and (ii) thedifference between:

(a) the Contract Value at the close of the day prior to the date of the withdrawal; and

(b) the total purchase payments made to the contract as of the date of the withdrawal (less an adjustment foramounts previously withdrawn).

The CDSC will not be eliminated if to do so would be unfairly discriminatory or prohibited by state law.

For Tax Sheltered Annuity contracts issued prior to February 20, 1996, or issued in state jurisdictions prior to the approvalby insurance regulatory authorities of applicable contract forms, Nationwide will waive the CDSC when:

• the plan participant experiences a case of hardship (as provided in Internal Revenue Code Section 403(b) andas defined for purposes of Internal Revenue Code Section 401(k));

• the plan participant becomes disabled (within the meaning of Internal Revenue Code Section 72(m)(7));

• the plan participant attains age 59½ and has participated in the contract for at least five years, as determinedfrom the Contract Anniversary immediately preceding the distribution;

• the plan participant has participated in the contract for at least 15 years as determined from the ContractAnniversary immediately preceding the distribution;

• the plan participant dies; or

• the contract is annuitized after two years from the inception of the contract.

Premium Taxes

Nationwide will charge against the Contract Value any premium taxes levied by a state or other government entity.Premium tax rates currently range from 0% to 5% and vary from state to state. This range is subject to change.Nationwide will assess premium taxes to the contract at the time Nationwide is assessed the premium taxes by the state.Premium taxes may be deducted from death benefit proceeds.

Ownership and Interests in the Contract

Contract Owner

Prior to the Annuitization Date, the Contract Owner has all rights under the contract, unless a joint owner is named. If ajoint owner is named, each joint owner has all rights under the contract. Purchasers who name someone other thanthemselves as the Contract Owner will have no rights under the contract.

On the Annuitization Date, the Annuitant becomes the Contract Owner, unless the Contract Owner is a CharitableRemainder Trust.

Contract Owners of Non-Qualified Contracts may name a new Contract Owner at any time before the Annuitization Date.Any change of Contract Owner automatically revokes any prior Contract Owner designation. Changes in contractownership may result in federal income taxation and may be subject to state and federal gift taxes.

Joint Owner

Joint owners each own an undivided interest in the contract.

Non-Qualified Contract Owners can name a joint owner at any time before annuitization. However, joint owners must bespouses at the time joint ownership is requested, unless state law requires Nationwide to allow non-spousal joint owners.Joint ownership is not permitted on contracts owned by a non-natural Contract Owner.

21

Generally, the exercise of any ownership rights under the contract must be in writing and signed by both joint owners.However, if a written election, signed by both Contract Owners, authorizing Nationwide to allow the exercise of ownershiprights independently by either joint owner is submitted, Nationwide will permit joint owners to act independently. If such anauthorization is submitted, Nationwide will not be liable for any loss, liability, cost, or expense for acting in accordance withthe instructions of either joint owner.

If either joint owner dies before the Annuitization Date, the contract continues with the surviving joint owner as theremaining Contract Owner.

Contingent Owner

The contingent owner succeeds to the rights of a Contract Owner if a Contract Owner who is not the Annuitant dies beforethe Annuitization Date and there is no surviving joint owner.

If a Contract Owner who is the Annuitant dies before the Annuitization Date, the contingent owner will not have any rightsunder the contract, unless such contingent owner is also the beneficiary.

The Contract Owner may name a contingent owner at any time before the Annuitization Date.

Annuitant

The Annuitant is the person who will receive annuity payments and upon whose continuation of life any annuity paymentinvolving life contingencies depends. This person must be age 85 or younger at the time of contract issuance, unlessNationwide approves a request for an Annuitant of greater age.

Only Non-Qualified Contract Owners may name someone other than himself/herself as the Annuitant.

The Contract Owner may not name a new Annuitant without Nationwide’s consent.

Joint Annuitant

The joint annuitant is designated as a second person (in addition to the Annuitant) upon whose continuation of life anyannuity payment involving life contingencies depends. The joint annuitant is named at the time of annuitization.

Beneficiary and Contingent Beneficiary

The beneficiary is the person who is entitled to the death benefit if the Annuitant (and Contingent Annuitant, if applicable)dies before the Annuitization Date and there is no joint owner. The Contract Owner can name more than one beneficiary.Multiple beneficiaries will share the death benefit equally, unless otherwise specified.

A contingent beneficiary will succeed to the rights of the beneficiary if no beneficiary is alive when a death benefit is paid.The Contract Owner can name more than one contingent beneficiary. Multiple contingent beneficiaries will share the deathbenefit equally, unless otherwise specified.

Changes to the Parties to the Contract

Prior to the Annuitization Date (and subject to any existing assignments), the Contract Owner may request to change thefollowing:

• Contract Owner (Non-Qualified Contracts only);

• Joint Owner (must be the Contract Owner’s spouse);

• contingent owner;

• Annuitant (subject to Nationwide’s underwriting and approval);

• Contingent Annuitant;

• joint annuitant (subject to Nationwide’s underwriting and approval);

• beneficiary; or

• contingent beneficiary.

22

The Contract Owner must submit the request to Nationwide in writing and Nationwide must receive the request at theService Center before the Annuitization Date. Once Nationwide receives and records the change request, the change willbe effective as of the date the written request was signed (unless otherwise specified by the Contract Owner), whether ornot the Contract Owner or Annuitant is living at the time it was recorded. The change will not affect any action taken byNationwide before the change was recorded.

Any request to change the Contract Owner must be signed by the existing Contract Owner and the person designated asthe new Contract Owner. Nationwide may require a signature guarantee.

If the Contract Owner is not a natural person and there is a change of the Annuitant, distributions will be made as if theContract Owner died at the time of the change, regardless of whether the Contract Owner named a Contingent Annuitant.

Nationwide reserves the right to reject any change request that would alter the nature of the risk that Nationwide assumedwhen it originally issued the contract.

Operation of the Contract

Pricing

Generally, Nationwide prices Accumulation Units on each day that the New York Stock Exchange is open. (Pricing is thecalculation of a new Accumulation Unit value that reflects that day’s investment experience.)

Accumulation Units are not priced when the New York Stock Exchange is closed or on the following nationally recognizedholidays:

• New Year’s Day

• Martin Luther King, Jr. Day

• Presidents’ Day

• Good Friday

• Memorial Day

• Independence Day

• Labor Day

• Thanksgiving

• Christmas

Nationwide also will not price purchase payments, withdrawals, or transfers if:

(1) trading on the New York Stock Exchange is restricted;

(2) an emergency exists making disposal or valuation of securities held in the Variable Account impracticable; or

(3) the SEC, by order, permits a suspension or postponement for the protection of security holders.

Rules and regulations of the SEC will govern as to when the conditions described in (2) and (3) exist. If Nationwide isclosed on days when the New York Stock Exchange is open, Contract Value may change and Contract Owners will nothave access to their accounts.

Application and Allocation of Purchase Payments

Initial Purchase Payments

Initial purchase payments will be priced at the Accumulation Unit value next determined no later than two business daysafter receipt of an order to purchase if the application and all necessary information are complete and are received at theService Center before the close of the New York Stock Exchange, which generally occurs at 4:00 p.m. EST. If the order isreceived after the close of the New York Stock Exchange, the initial purchase payment will be priced within two businessdays after the next Valuation Date.

If an incomplete application is not completed within five business days after receipt at the Service Center, the prospectivepurchaser will be informed of the reason for the delay. The purchase payment will be returned unless the prospectivepurchaser specifically consents to allow Nationwide to hold the purchase payment until the application is completed.

Generally, initial purchase payments are allocated according to Contract Owner instructions on the application. However,in some states, Nationwide will allocate initial purchase payments to the money market Sub-Account during the free lookperiod. After the free look period, Nationwide will reallocate the Contract Value among the investment options based on

23

the instructions contained on the application. In other states, Nationwide will immediately allocate initial purchasepayments to the investment options based on the instructions contained on the application. Contact the Service Center orrefer to your contract for state specific information on the allocation of initial purchase payments.

Subsequent Purchase Payments

Any subsequent purchase payment received at the Service Center (along with all necessary information) before the closeof the New York Stock Exchange on any Valuation Date will be priced at the Accumulation Unit value next determinedafter receipt of the purchase payment. If a subsequent purchase payment is received at the Service Center (along with allnecessary information) after the close of the New York Stock Exchange, it will be priced at the Accumulation Unit valuedetermined on the following Valuation Date.

Allocation of Purchase Payments

Nationwide allocates purchase payments to Sub-Accounts as instructed by the Contract Owner. Shares of the underlyingmutual funds allocated to the Sub-Accounts are purchased at Net Asset Value, then converted into Accumulation Units.

Contract Owners can change allocations or make exchanges among the Sub-Accounts after the time of application bysubmitting a written request to the Service Center. However, no change may be made that would result in an amount lessthan 1% of the purchase payments being allocated to any Sub-Account. In the event that Nationwide receives such arequest, Nationwide will inform the Contract Owner that the allocation instructions are invalid and that the contract’sallocations among the Sub-Accounts prior to the request will remain in effect. Certain transactions may be subject toconditions imposed by the underlying mutual funds.

Determining the Contract Value

The Contract Value is the sum of the value of amounts allocated to the Sub-Accounts plus any amount held in the FixedAccount, the GTOs, and the collateral fixed account. If charges are assessed against the whole Contract Value,Nationwide will deduct a proportionate amount from each Sub-Account, the Fixed Account, and the GTOs based oncurrent cash values.

Determining Variable Account Value - Valuing an Accumulation Unit

Sub-Account allocations are accounted for in Accumulation Units. Accumulation Unit values (for each Sub-Account) aredetermined by calculating the Net Investment Factor for the Sub-Accounts for the current Valuation Period and multiplyingthat result with the Accumulation Unit values determined on the previous Valuation Period. For each Sub-Account, the NetInvestment Factor is the investment performance of the underlying mutual fund in which a particular Sub-Account invests,including the charges assessed against that Sub-Account for a Valuation Period.

Nationwide uses the Net Investment Factor as a way to calculate the investment performance of a Sub-Account fromValuation Period to Valuation Period.

The Net Investment Factor for any particular Sub-Account before the Annuitization Date is determined by dividing (a) by(b), and then subtracting (c) from the result, where:

(a) is the sum of:

(1) the Net Asset Value of the underlying mutual fund as of the end of the current Valuation Period; and

(2) the per share amount of any dividend or income distributions made by the underlying mutual fund (if thedate of the dividend or income distribution occurs during the current Valuation Period).

(b) is the Net Asset Value of the underlying mutual fund determined as of the end of the preceding Valuation Period.

(c) is a factor representing the daily Variable Account charges, which is equal to 1.40% of the Daily Net Assets.

Based on the change in the Net Investment Factor, the value of an Accumulation Unit may increase or decrease. Changesin the Net Investment Factor may not be directly proportional to changes in the Net Asset Value of the underlying mutualfund shares because of the deduction of Variable Account charges.

Though the number of Accumulation Units will not change as a result of investment experience, the value of anAccumulation Unit may increase or decrease from Valuation Period to Valuation Period.

Determining Fixed Account Value

Nationwide determines the value of the Fixed Account by:

24

(1) adding all amounts allocated to the Fixed Account, minus amounts previously transferred or withdrawn from theFixed Account;

(2) adding any interest earned on the amounts allocated to the Fixed Account; and

(3) subtracting charges deducted in accordance with the contract.

Determining Guaranteed Term Option Value

Nationwide determines the value of a Guaranteed Term Option by:

(1) adding all amounts allocated to any Guaranteed Term Option, minus amounts previously transferred orwithdrawn from a Guaranteed Term Option (which may be subject to a market value adjustment);

(2) adding any interest earned on the amounts allocated to a Guaranteed Term Option; and

(3) subtracting charges deducted in accordance with the contract.

Transfer Requests

Contract Owners may submit transfer requests in writing, over the telephone, or via the Internet to the Service Center.Some benefits or features under the contract may limit the manner in which transfer requests can be submitted, asindicated in the respective provision. Nationwide may restrict or withdraw the telephone and/or Internet transfer privilege atany time.

Generally, Sub-Account transfers will receive the Accumulation Unit value next computed after the transfer request isreceived at the Service Center. However, if a contract that is limited to submitting transfer requests via U.S. mail submits atransfer request via the Internet or telephone pursuant to Nationwide’s one-day delay policy, the transfer will be executedon the next Valuation Date after the exchange request is received at the Service Center (see Managers of MultipleContracts).

Transfer Restrictions

Neither the contracts described in this prospectus nor the underlying mutual funds are designed to support active tradingstrategies that require frequent movement between or among Sub-Accounts (sometimes referred to as �market-timing� or�short-term trading�). A Contract Owner who intends to use an active trading strategy should consult his/her registeredrepresentative and request information on other Nationwide variable annuity contracts that offer investment in underlyingmutual funds that are designed specifically to support active trading strategies.

Nationwide discourages (and will take action to deter) short-term trading in this contract because the frequent movementbetween or among Sub-Accounts may negatively impact other investors in the contract. Short-term trading can result in:

• the dilution of the value of the investors’ interests in the underlying mutual fund;

• underlying mutual fund managers taking actions that negatively impact performance (keeping a larger portion ofthe underlying mutual fund assets in cash or liquidating investments prematurely in order to support redemptionrequests); and/or

• increased administrative costs due to frequent purchases and redemptions.

To protect investors in this contract from the negative impact of these practices, Nationwide has implemented, or reservesthe right to implement, several processes and/or restrictions aimed at eliminating the negative impact of active tradingstrategies. Nationwide makes no assurances that all risks associated with short-term trading will be completely eliminatedby these processes and/or restrictions.

Nationwide cannot guarantee that its attempts to deter active trading strategies will be successful. If Nationwide is unableto deter active trading strategies, the performance of the Sub-Accounts that are actively traded may be adverselyimpacted.

Redemption Fees

Some underlying mutual funds assess a short-term trading fee in connection with transfers from a Sub-Account that occurwithin 60 days after the date of the allocation to the Sub-Account. The fee is assessed against the amount transferred andis paid to the underlying mutual fund. Redemption fees compensate the underlying mutual fund for any negative impact onfund performance resulting from short-term trading. If a short-term trading fee is assessed, the Contract Owner willreceive a confirmation notice.

25

Currently, none of the underlying mutual funds assess a short-term trading fee.

U.S. Mail Restrictions

Nationwide monitors transfer activity in order to identify those who may be engaged in harmful trading practices.Transaction reports are produced and examined. Generally, a contract may appear on these reports if the Contract Owner(or a third party acting on their behalf) engages in a certain number of �transfer events� in a given period. A �transferevent� is any transfer, or combination of transfers, occurring on a given trading day (Valuation Period). For example, if aContract Owner executes multiple transfers involving 10 investment options in one day, this counts as one transfer event. Asingle transfer occurring on a given trading day and involving only two investment options will also count as one transferevent.

As a result of this monitoring process, Nationwide may restrict the method of communication by which transfer orders willbe accepted. In general, Nationwide will adhere to the following guidelines:

Trading Behavior Nationwide’s Response

Six or more transfer events in onecalendar quarter

Nationwide will mail a letter to the Contract Owner notifying them that:

(1) they have been identified as engaging in harmful trading practices; and

(2) if their transfer events exceed 11 in two consecutive calendar quarters or 20 in onecalendar year, the Contract Owner will be limited to submitting transfer requests via U.S.mail on a Nationwide issued form.

More than 11 transfer events in twoconsecutive calendar quartersORMore than 20 transfer events in onecalendar year

Nationwide will automatically limit the Contract Owner to submitting transfer requests via U.S.mail on a Nationwide issued form.

For purposes of Nationwide’s transfer policy, U.S. mail includes standard U.S. mail, overnight U.S. mail, and overnightdelivery via private carrier.

Each January 1, Nationwide will start the monitoring anew, so that each contract starts with 0 transfer events eachJanuary 1. See, however, the Other Restrictions provision.

Managers of Multiple Contracts

Some investment advisors/representatives manage the assets of multiple Nationwide contracts pursuant to tradingauthority granted or conveyed by multiple Contract Owners. These multi-contract advisors will generally be required byNationwide to submit all transfer requests via U.S. mail.

Nationwide may, as an administrative practice, implement a �one-day delay� program for these multi-contract advisors,which they can use in addition to or in lieu of submitting transfer requests via U.S. mail. The one-day delay option permitsmulti-contract advisors to continue to submit transfer requests via the Internet or telephone. However, transfer requestssubmitted by multi-contract advisors via the Internet or telephone will not receive the next available Accumulation Unitvalue. Rather, they will receive the Accumulation Unit value that is calculated on the following Valuation Date. Transferrequests submitted under the one-day delay program are irrevocable. Multi-contract advisors will receive advance notice ofbeing subject to the one-day delay program.

Other Restrictions

Contract Owners that are required to submit transfer requests via U.S. mail will be required to use a Nationwide issuedform for their transfer request. Nationwide will refuse transfer requests that either do not use the Nationwide issued formfor their transfer request or fail to provide accurate and complete information on their transfer request form. In the eventthat a Contract Owner’s transfer request is refused by Nationwide, they will receive notice in writing by U.S. mail and willbe required to resubmit their transfer request on a Nationwide issued form.

Nationwide reserves the right to refuse or limit transfer requests, or take any other action it deems necessary in order toprotect Contract Owners, Annuitants, and beneficiaries from the negative investment results that may result from short-term trading or other harmful investment practices employed by some Contract Owners (or third parties acting on theirbehalf). In particular, trading strategies designed to avoid or take advantage of Nationwide’s monitoring procedures (andother measures aimed at curbing harmful trading practices) that are nevertheless determined by Nationwide to constituteharmful trading practices, may be restricted.

26

Any restrictions that Nationwide implements will be applied consistently and uniformly.

Underlying Mutual Fund Restrictions and Prohibitions

Pursuant to regulations adopted by the SEC, Nationwide is required to enter into written agreements with the underlyingmutual funds which allow the underlying mutual funds to:

(1) request the taxpayer identification number, international taxpayer identification number, or other governmentissued identifier of any Contract Owner;

(2) request the amounts and dates of any purchase, redemption, transfer, or exchange request (�transactioninformation�); and

(3) instruct Nationwide to restrict or prohibit further purchases or exchanges by Contract Owners that violate policiesestablished by the underlying mutual fund (whose policies may be more restrictive than Nationwide’s policies).

Nationwide is required to provide such transaction information to the underlying mutual funds upon their request. Inaddition, Nationwide is required to restrict or prohibit further purchases or requests to exchange into a specific Sub-Account upon instruction from the underlying mutual fund in which that Sub-Account invests. Nationwide and any affectedContract Owner may not have advance notice of such instructions from an underlying mutual fund to restrict or prohibitfurther purchases or requests to exchange. If an underlying mutual fund refuses to accept a purchase or request toexchange into the Sub-Account associated with the underlying mutual fund submitted by Nationwide, Nationwide will keepany affected Contract Owner in their current Sub-Account allocation.

Transfers Prior to Annuitization

Transfers from the Fixed Account

A Contract Owner may request to transfer allocations from the Fixed Account to the Sub-Accounts or a GTO only uponreaching the end of a Fixed Account interest rate guarantee period. Fixed Account transfers must be made within 45 daysafter the end of the interest rate guarantee period.

Normally, Nationwide will permit 100% of the maturing Fixed Account allocations to be transferred. However, Nationwidemay limit the amount that can be transferred from the Fixed Account. Nationwide will determine the amount that may betransferred and will declare this amount at the end of the Fixed Account interest rate guarantee period. The maximumtransferable amount will never be less than 10% of the Fixed Account allocation reaching the end of a Fixed Accountinterest rate guarantee period.

Contract Owners who use Dollar Cost Averaging may transfer from the Fixed Account under the terms of that program.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Accountfor a period of up to six months from the date of the withdrawal or transfer request.

Transfers to the Fixed Account

Nationwide reserves the right to limit or refuse transfers to the Fixed Account. Generally, Nationwide will invoke this rightwhen interest rates are low by historical standards. Effective April 21, 2014, Nationwide invoked its right to limit transfersinto the Fixed Account if the Fixed Account is (or would be after the transfer) equal to or greater than 30% of the ContractValue at the time such transfer is requested.

Nationwide may also establish an annual maximum transfer limit for transfers to the Fixed Account. Within any ContractYear, Nationwide reserves the right to restrict transfers from the Sub-Accounts to the Fixed Account to 10% of the value ofthe Sub-Accounts.

Transfers from the Sub-Accounts

Except as otherwise indicated in Transfers to the Fixed Account, a Contract Owner may request to transfer allocationsfrom the Sub-Accounts to the Fixed Account at any time.

Transfers from a Guaranteed Term Option

Transfers from a Guaranteed Term Option prior to maturity are subject to a market value adjustment.

Transfers Among the Sub-Accounts

A Contract Owner may request to transfer allocations among the Sub-Accounts at any time, subject to terms andconditions imposed by this prospectus and the underlying mutual funds.

27

Transfers After Annuitization

After annuitization, the portion of the Contract Value allocated to fixed annuity payments and the portion of the ContractValue allocated to variable annuity payments may not be changed.

After annuitization, transfers among Sub-Accounts may only be made once per calendar year.

Right to Examine and CancelIf the Contract Owner elects to cancel the contract, he/she may return it to the Service Center within a certain period oftime known as the �free look� period. Depending on the state in which the contract was purchased (and, in some states, ifthe contract is purchased as a replacement for another annuity contract), the free look period may be 10 days or longer.For ease of administration, Nationwide will honor any free look cancellation request that is in good order and received atthe Service Center or postmarked within 30 days after the contract issue date. The contract issue date is the date theinitial purchase payment is applied to the contract.

Where state law requires the return of purchase payments for free look cancellations, Nationwide will return all purchasepayments applied to the contract, less any withdrawals from the contract and any applicable federal and state income taxwithholding.

Where state law requires the return of Contract Value upon cancellation of the contract during the free look period,Nationwide will return the Contract Value as of the date of the cancellation, less any withdrawals from the contract andany applicable federal and state income tax withholding.

Liability of the Variable Account under this provision is limited to the Contract Value in each Sub-Account on the date ofrevocation. Any additional amounts refunded to the Contract Owner will be paid by Nationwide.

Allocation of Purchase Payments during Free Look Period

Where state law requires the return of purchase payments for free look cancellations, Nationwide will allocate initialpurchase payments allocated to Sub-Accounts to the money market Sub-Account during the free look period.

Where state law requires the return of Contract Value for free look cancellations, Nationwide will immediately allocateinitial purchase payments to the investment options based on the instructions contained on the application.

Surrender/Withdrawal Prior to AnnuitizationPrior to annuitization and before the Annuitant’s death, Contract Owners may generally withdraw some or all of theirContract Value. Withdrawals from the contract may be subject to federal income tax and/or a tax penalty (see Appendix C:Contract Types and Tax Information). Withdrawal requests may be submitted in writing or by telephone to the ServiceCenter and Nationwide may require additional information. Requests submitted by telephone will be subject to dollaramount limitations and may be subject to payment and other restrictions to prevent fraud. Nationwide reserves the right torequire written requests to be submitted on current Nationwide forms for withdrawals. Nationwide reserves the right toremove the ability to submit requests by telephone upon written notice. Contact the Service Center for current limitationsand restrictions. When taking a full surrender, Nationwide may require that the contract accompany the request.Nationwide may require a signature guarantee.

Surrender and withdrawal requests will receive the Accumulation Unit value next determined at the end of the currentValuation Period if the request and all necessary information is received at the Service Center before the close of the NewYork Stock Exchange (generally, 4:00 pm EST). If the request and all necessary information is received after the close ofthe New York Stock Exchange, the request will receive the Accumulation Unit value determined at the end of the nextValuation Day.

Nationwide will pay any amounts withdrawn from the Sub-Accounts within seven days after the request is received in goodorder at the Service Center (see Determining the Contract Value). However, Nationwide may suspend or postponepayment when it is unable to price a purchase payment or transfer, or as permitted or required by federal securities lawsand rules and regulations of the SEC.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Accountfor a period of up to six months from the date of the withdrawal or transfer request.

28

Partial Withdrawals

If a Contract Owner requests a partial withdrawal, Nationwide will redeem Accumulation Units from the Sub-Accounts andan amount from the Fixed Account and the GTOs. The amount withdrawn from each investment option will be inproportion to the value in each option at the time of the withdrawal request, unless Nationwide is instructed otherwise.

Partial withdrawals are subject to the CDSC provisions of the contract. If a CDSC is assessed, the Contract Owner mayelect to have the CDSC deducted from either:

(a) the amount requested; or

(b) the Contract Value remaining after the Contract Owner has received the amount requested.

If the Contract Owner does not make a specific election, any applicable CDSC will be deducted from the amountrequested by the Contract Owner.

The CDSC deducted is a percentage of the amount requested by the Contract Owner. Amounts deducted for CDSC arenot subject to subsequent CDSC.

Partial Withdrawals to Pay Investment Advisory Fees

Some Contract Owners utilize an investment advisor(s) to manage their assets, for which the investment advisor assessesa fee. Investment advisors are not endorsed or affiliated with Nationwide and Nationwide makes no representation as totheir qualifications. The fees for these investment advisory services are specified in the respective account agreementsand are separate from and in addition to the contract fees and expenses described in this prospectus. Some ContractOwners authorize their investment advisor to take a partial withdrawal(s) from the contract in order to collect investmentadvisory fees. Withdrawals taken from this contract to pay advisory or investment management fees are subject to theCDSC provisions of the contract and may be subject to income tax and/or tax penalties.

Full Surrenders

Upon full surrender, the Contract Value may be more or less than the total of all purchase payments made to the contract.The Contract Value will reflect:

• Variable Account charges

• underlying mutual fund charges

• the investment performance of the underlying mutual funds

• amounts allocated to the Fixed Account and any interest credited

• amounts allocated to the GTOs plus or minus any market value adjustment

• any outstanding loan balance plus accrued interest

A CDSC may apply.

Surrender/Withdrawal After AnnuitizationAfter the Annuitization Date, withdrawals other than regularly scheduled annuity payments are not permitted.

Withdrawals Under Certain Plan Types

Withdrawals Under a Qualified Contract or Tax Sheltered Annuity

Contract Owners of a Tax Sheltered Annuity may withdraw part or all of their Contract Value before the earlier of theAnnuitization Date or the Annuitant’s death, except as provided below:

(A) Contract Value attributable to contributions made under a qualified cash or deferred arrangement (within themeaning of Internal Revenue Code Section 402(g)(3)(A)), a salary reduction agreement (within the meaning ofInternal Revenue Code Section 402(g)(3)(C)), or transfers from a Custodial Account (described in Section403(b)(7) of the Internal Revenue Code), may be withdrawn only:

(1) when the Contract Owner reaches age 59½, separates from service, dies, or becomes disabled (within themeaning of Internal Revenue Code Section 72(m)(7)); or

29

(2) in the case of hardship (as defined for purposes of Internal Revenue Code Section 401(k)), provided thatany such hardship surrender may not include any income earned on salary reduction contributions.

(B) The withdrawal limitations described previously also apply to:

(1) salary reduction contributions to Tax Sheltered Annuities made for plan years beginning after December 31,1988;

(2) earnings credited to such contracts after the last plan year beginning before January 1, 1989, on amountsattributable to salary reduction contributions; and

(3) all amounts transferred from Internal Revenue Code Section 403(b)(7) Custodial Accounts (except thatearnings and employer contributions as of December 31, 1988 in such Custodial Accounts may bewithdrawn in the case of hardship).

Any distribution other than the above, including a free look cancellation of the contract (when available) may result intaxes, penalties, and/or retroactive disqualification of a Qualified Contract or Tax Sheltered Annuity.

In order to prevent disqualification of a Tax Sheltered Annuity after a free look cancellation, Nationwide will transfer theproceeds to another Tax Sheltered Annuity upon proper direction by the Contract Owner.

Withdrawal provisions may be modified pursuant to the plan terms and tax provisions of the Internal Revenue Code whena contract is issued to fund a qualified plan.

These provisions explain Nationwide’s understanding of current withdrawal restrictions. These restrictions may change.

Distributions pursuant to Qualified Domestic Relations Orders will not violate the restrictions stated previously.

Contract provisions may be modified pursuant to plan terms when the contract is issued to fund a qualified plan.

Loan PrivilegeThe loan privilege is only available to owners of Tax Sheltered Annuities. Loans may be taken from the Contract Valueafter expiration of the free look period up to the Annuitization Date. Loans are subject to the terms of the contract, theplan, and the Internal Revenue Code. Nationwide may modify the terms of a loan to comply with changes in applicablelaw. Loans are not available in all states.

Minimum and Maximum Loan Amounts

Contract Owners may borrow a minimum of $1,000, unless Nationwide is required by law to allow a lesser minimumamount. Each loan must individually satisfy the contract minimum amount.

The maximum nontaxable loan amount is based on information provided by the participant or the employer. This amountmay be impacted if a participant has additional loans from other plans. The total of all outstanding loans must not exceedthe following limits:

Contract Values Maximum Outstanding Loan Balance Allowed

Non-ERISA Plans up to $20,000 up to 80% of Contract Value (not more than $10,000)

$20,000 and over up to 50% of Contract Value (not more than $50,000*)

ERISA Plans All up to 50% of Contract Value (not more than $50,000*)

* The $50,000 limits will be reduced by the highest outstanding balance owed during the previous 12 months.

For salary reduction Tax Sheltered Annuities, loans may be secured only by the Contract Value.

Maximum Loan Processing Fee

Nationwide charges a Loan Processing Fee at the time each new loan is processed. The Loan Processing Fee will notexceed $25 per loan processed. This fee compensates Nationwide for expenses related to administering and processingloans. Loans are not available in all states. In addition, some states may not allow Nationwide to assess a LoanProcessing Fee.

The fee is taken from all of the investment options in proportion to the Contract Value at the time the loan is processed.

30

How Loan Requests are Processed

All loans are made from assets in Nationwide’s General Account. As collateral for the loan, Nationwide holds an amountequal to the loan in a collateral fixed account (which is part of Nationwide’s General Account).

When a loan request is processed, Nationwide transfers Accumulation Units from the Sub-Accounts to the collateral fixedaccount until the requested amount is reached. The amount deducted from the Sub-Accounts will be in the sameproportion as the Sub-Account allocations, unless the Contract Owner has instructed otherwise. If there are not enoughAccumulation Units available in the contract to reach the requested loan amount, Nationwide would then transfer ContractValue from the Fixed Account. Contract Value transferred from the Fixed Account to meet the requested loan amount isnot subject to the Fixed Account transfer limitations otherwise applicable under the contract.

If the requested loan amount is not reached based on the transfers stated above, any remaining required collateral for theloan will be transferred from the Guaranteed Term Options. Transfers from the Guaranteed Term Options may be subjectto a market value adjustment.

No CDSC will be deducted on transfers related to loan processing.

Interest Charged

Nationwide charges interest on the outstanding loan balance. The applicable rate is disclosed at the time of loanapplication or loan issuance. Contract loan interest charges may provide revenue for risk charges and profit.

Interest Credited

Interest is credited to the contract, based on the amount of the outstanding loan balance in the collateral fixed accountuntil the loan is repaid in full. The credited interest rate will be 2.25% less than the loan interest rate charged byNationwide, and will be no less than the guaranteed minimum interest rate stated in the contract.

Loan Repayment

Loans must be repaid in five years. However, if the loan is used to purchase the Contract Owner’s principal residence, theContract Owner has 15 years to repay the loan.

Contract Owners must identify loan repayments as loan repayments or they will be treated as purchase payments and willnot reduce the outstanding loan balance. Payments must be substantially level and made at least quarterly. Over time,unpaid loan interest charges can cause the total amount of the outstanding loan balance to be significant, so it isadvantageous to make a loan repayment at least quarterly. The Contract Owner should contact the Service Center toobtain loan pay-off amounts.

When the Contract Owner makes a loan repayment, the amount in the collateral fixed account will be reduced by theamount of the payment that represents loan principal. Additionally, the amount of the payment that represents loanprincipal and credited interest will be applied to the Sub-Accounts and the Fixed Account in accordance with the allocationinstructions in effect at the time the payment is received, unless the Contract Owner directs otherwise.

Loan repayments to the Guaranteed Term Options must be at least $1,000. If the proportional share of the repayment tothe Guaranteed Term Option is less than $1,000, that portion of the repayment will be allocated to the money market Sub-Account unless the Contract Owner directs otherwise.

Distributions and Annuity Payments

Distributions made from the contract while a loan is outstanding will be reduced by the amount of the outstanding loanplus accrued interest if:

• the contract is surrendered;

• the Contract Owner/Annuitant dies;

• the Contract Owner who is not the Annuitant dies prior to annuitization; or

• annuity payments begin.

31

Transferring the Contract

Nationwide reserves the right to restrict any transfer of the contract while the loan is outstanding.

Grace Period and Loan Default

If a loan payment is not made when due, interest will continue to accrue. A grace period may be available (refer to theterms of the loan agreement). During the grace period, the loan is considered outstanding, but not in default. If a loanpayment is not made by the end of the applicable grace period and the Contract Owner is eligible for a distribution, theloan payment amount may be deducted from the Contract Value and applied as a loan payment, which will be treated asan actual distribution.

If the Contract Owner fails to make a full payment by the end of the applicable grace period, and is not eligible to take adistribution, the loan will default. In the year of a default, the entire outstanding loan balance, plus accrued interest, will betreated as a deemed distribution and will be taxable to the Contract Owner. This deemed distribution may also be subjectto an early withdrawal tax penalty by the Internal Revenue Service. After default, the loan is still outstanding and interestwill continue to accrue until the entire loan balance has been repaid. Additional loans are not available until all defaultedloans have been repaid.

AssignmentContracts other than Non-Qualified Contracts may not be assigned, pledged or otherwise transferred except whereallowed by law.

A Non-Qualified Contract Owner may assign some or all rights under the contract while the Annuitant is alive, subject toNationwide’s consent. Nationwide is not responsible for the validity or tax consequences of any assignment andNationwide is not liable for any payment or settlement made before the assignment is recorded. Assignments will not berecorded until Nationwide receives sufficient direction from the Contract Owner and the assignee regarding the properallocation of contract rights.

Amounts pledged or assigned will be treated as distributions and will be included in gross income to the extent that thecash value exceeds the investment in the contract for the taxable year in which it was pledged or assigned. Amountsassigned may be subject to a tax penalty equal to 10% of the amount included in gross income.

Assignment of the entire Contract Value may cause the portion of the Contract Value exceeding the total investment in thecontract and previously taxed amounts to be included in gross income for federal income tax purposes each year that theassignment is in effect.

Contract Owner Services

Asset Rebalancing

Asset Rebalancing is the automatic reallocation of Contract Values to the Sub-Accounts on a predetermined percentagebasis. Asset Rebalancing is not available for assets held in the Fixed Account or the GTOs. Requests for AssetRebalancing must be on a Nationwide form and submitted to the Service Center. Once Asset Rebalancing is elected, it willonly be terminated upon specific instruction from the Contract Owner; manual transfers will not automatically terminate theprogram. Currently, there is no additional charge for Asset Rebalancing.

Asset Rebalancing occurs every three months or on another frequency if permitted by Nationwide. If the last day of thedesignated rebalancing period falls on a Saturday, Sunday, recognized holiday, or any other day when the New York StockExchange is closed, Asset Rebalancing will occur on the next business day. Each Asset Rebalancing reallocation isconsidered a transfer event (see Transfer Restrictions).

Asset Rebalancing may be subject to employer limitations or restrictions for contracts issued to a Tax Sheltered Annuityplan. Contract Owners should consult a financial advisor to discuss the use of Asset Rebalancing.

Nationwide reserves the right to stop establishing new Asset Rebalancing programs. Existing Asset Rebalancingprograms will remain in effect unless otherwise terminated.

32

Dollar Cost Averaging

Dollar Cost Averaging is a long-term transfer program that allows the Contract Owner to make regular, level investmentsover time. Dollar Cost Averaging involves the automatic transfer of a specific amount from the Fixed Account and/orcertain Sub-Accounts into other Sub-Accounts. With this service, the Contract Owner benefits from the ability to invest inthe Sub-Accounts over a period of time, thereby smoothing out the effects of market volatility. Nationwide does notguarantee that this program will result in profit or protect Contract Owners from loss.

Contract Owners direct Nationwide to automatically transfer specified amounts from the Fixed Account and the followingSub-Account(s) (if available):

• Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class I

• Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I

• Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I

• Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II

• PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class

• PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class

to any other Sub-Account(s). Dollar Cost Averaging transfers may not be directed to the Fixed Account or GTOs. Transfersfrom the Fixed Account must be equal to or less than 1/30th of the Fixed Account value at the time the program isrequested. Contract Owners that wish to utilize Dollar Cost Averaging should first inquire whether any Enhanced FixedAccount Dollar Cost Averaging programs are available.

Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until eitherthe value in the originating investment option is exhausted or the Contract Owner instructs Nationwide to stop thetransfers. When a Contract Owner instructs Nationwide to stop the transfers, all amounts remaining in the originatingFixed Account or Sub-Account will remain allocated to the Fixed Account or Sub-Account, unless Nationwide is instructedotherwise. Dollar Cost Averaging transfers are not considered transfer events.

Nationwide reserves the right to stop establishing new Dollar Cost Averaging programs.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Accountfor a period of up to six months from the date of the withdrawal or transfer request.

Enhanced Fixed Account Dollar Cost Averaging

Nationwide may, periodically, offer Dollar Cost Averaging programs with an enhanced interest rate referred to as�Enhanced Fixed Account Dollar Cost Averaging.� Enhanced Fixed Account Dollar Cost Averaging involves the automatictransfer of a specific amount from an enhanced rate Fixed Account into any Sub-Account(s). With this service, theContract Owner benefits from the ability to invest in the Sub-Accounts over a period of time, thereby smoothing out theeffects of market volatility. Nationwide does not guarantee that this program will result in profit or protect Contract Ownersfrom loss.

Only new purchase payments to the contract are eligible for Enhanced Fixed Account Dollar Cost Averaging. EnhancedFixed Account Dollar Cost Averaging transfers may not be directed to the Fixed Account or GTOs. Amounts allocated tothe enhanced rate Fixed Account as part of an Enhanced Fixed Account Dollar Cost Averaging program earn a higherrate of interest than assets allocated to the standard Fixed Account. Each enhanced rate is guaranteed for as long as thecorresponding program is in effect.

Transfers occur monthly or on another frequency if permitted by Nationwide. Nationwide will process transfers until eitheramounts allocated to the Fixed Account as part of an Enhanced Fixed Account Dollar Cost Averaging program areexhausted or the Contract Owner instructs Nationwide to stop the transfers. When a Contract Owner instructs Nationwideto stop the transfers, Nationwide will automatically reallocate any amount remaining in the enhanced rate Fixed Accountaccording to future investment allocation instructions, unless directed otherwise. Enhanced Fixed Account Dollar CostAveraging transfers are not considered transfer events.

Nationwide reserves the right to stop establishing new Enhanced Fixed Account Dollar Cost Averaging programs.

Nationwide is required by state law to reserve the right to postpone payment or transfer of assets from the Fixed Accountfor a period of up to six months from the date of the withdrawal or transfer request.

33

Systematic Withdrawals

Systematic Withdrawals allow Contract Owners to receive a specified amount (of at least $100) on a monthly, quarterly,semi-annual, or annual basis. Requests for Systematic Withdrawals and requests to discontinue Systematic Withdrawalsmust be submitted in good order and in writing to the Service Center.

The withdrawals will be taken from the Sub-Accounts and the Fixed Account proportionally unless Nationwide is instructedotherwise. Systematic Withdrawals are not available from the Guaranteed Term Options.

Nationwide will withhold federal income taxes from Systematic Withdrawals unless otherwise instructed by the ContractOwner. The Internal Revenue Service may impose a 10% penalty tax if the Contract Owner is under age 59½, unless theContract Owner has made an irrevocable election of distributions of substantially equal payments.

A CDSC may apply to amounts taken through Systematic Withdrawals. If the Contract Owner takes SystematicWithdrawals, the maximum amount that can be withdrawn annually without a CDSC is the greater of the amount availableunder the CDSC-free withdrawal privilege (see Contingent Deferred Sales Charge), and a given percentage of theContract Value that is based on the Contract Owner’s age, as shown in the following table:

Contract Owner’s Age Percentage of Contract Value

Under age 59½ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5%59½ through age 61 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7%62 through age 64. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8%65 through age 74. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10%75 and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13%

The Contract Owner’s age is determined as of the date the request for Systematic Withdrawals is recorded by the ServiceCenter. For joint owners, the older joint owner’s age will be used.

The CDSC-free withdrawal privilege for Systematic Withdrawals is non-cumulative. Free amounts not taken during anyContract Year cannot be taken as free amounts in a subsequent Contract Year. In any given Contract Year, any amountwithdrawn in excess of the amount permitted under this program will be subject to the CDSC provisions (see ContingentDeferred Sales Charge).

Nationwide reserves the right to stop establishing new Systematic Withdrawal programs. Systematic Withdrawals are notavailable before the end of the free look period.

Death Benefit

Death of Contract Owner

If a Contract Owner (including a joint owner) who is not the Annuitant dies before the Annuitization Date, no death benefitis payable and the surviving joint owner becomes the Contract Owner. If there is no surviving joint owner, the contingentowner becomes the Contract Owner. If there is no surviving contingent owner, the last surviving Contract Owner’s estatebecomes the Contract Owner.

A distribution of the Contract Value will be made in accordance with tax rules and as described in Appendix C: ContractTypes and Tax Information. A CDSC may apply.

Death of Annuitant

If the Annuitant who is not a Contract Owner dies before the Annuitization Date, the Contingent Annuitant becomes theAnnuitant and no death benefit is payable. If no Contingent Annuitant is named, a death benefit is payable to thebeneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If no beneficiariessurvive the Annuitant, the contingent beneficiary receives the death benefit. Multiple contingent beneficiaries will share thedeath benefit equally unless otherwise specified. If no beneficiaries or contingent beneficiaries survive the Annuitant, theContract Owner or the last surviving Contract Owner’s estate will receive the death benefit.

If the Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid according to the selectedannuity payment option.

34

If the Contract Owner is a Charitable Remainder Trust and the Annuitant dies before the Annuitization Date, the deathbenefit will accrue to the Charitable Remainder Trust. Any designation in conflict with the Charitable Remainder Trust’sright to the death benefit will be void.

Death of Contract Owner/Annuitant

If a Contract Owner (including a joint owner) who is also the Annuitant dies before the Annuitization Date, a death benefitis payable to the beneficiary. Multiple beneficiaries will share the death benefit equally unless otherwise specified. If nobeneficiaries survive the Contract Owner/Annuitant, the contingent beneficiary receives the death benefit. Multiplecontingent beneficiaries will share the death benefit equally unless otherwise specified. If no contingent beneficiariessurvive the Contract Owner/Annuitant, the last surviving Contract Owner’s estate will receive the death benefit.

If the Contract Owner/Annuitant dies after the Annuitization Date, any benefit that may be payable will be paid accordingto the selected annuity payment option.

Death Benefit Payment

The recipient of the death benefit may elect to receive the death benefit:

(1) in a lump sum;

(2) as an annuity (see Annuity Payment Options); or

(3) in any other manner permitted by law and approved by Nationwide.

Premium taxes may be deducted from death benefit proceeds. Nationwide will pay (or will begin to pay) the death benefitafter it receives proof of death and the instructions as to the payment of the death benefit. Death benefit claims must besubmitted to the Service Center. If the recipient of the death benefit does not elect the form in which to receive the deathbenefit payment, Nationwide will pay the death benefit in a lump sum. Contract Value will continue to be allocatedaccording to the most recent allocation instructions until the death benefit is paid.

If the contract has multiple beneficiaries entitled to receive a portion of the death benefit, the Contract Value will continueto be allocated according to the most recent allocation instructions until the first beneficiary provides Nationwide with allthe information necessary to pay that beneficiary’s portion of the death benefit proceeds. At the time the first beneficiary’sproceeds are paid, the remaining portion(s) of the death benefit proceeds that are allocated to Sub-Accounts will bereallocated to the available money market Sub-Account until instructions are received from the remaining beneficiary(ies).

Any Contract Value not allocated to the Sub-Accounts will remain invested and will not be reallocated to the availablemoney market Sub-Account.

Death Benefit Calculations

The value of each component of the death benefit calculation will be determined as of the date Nationwide receives:

(1) proper proof of the Annuitant’s death;

(2) an election specifying the distribution method; and

(3) any state required form(s).

For contracts issued on or after May 1, 1998 or the date on which state insurance authorities approve applicable contractmodifications, whichever is later:

If the Annuitant dies prior to his or her 86th birthday and prior to the Annuitization Date, the death benefit will be thegreatest of:

(1) the Contract Value;

(2) the total of all purchase payments made to the contract, less an adjustment for amounts withdrawn; or

(3) the Contract Value as of the most recent five-year Contract Anniversary, less an adjustment for amountswithdrawn since that five-year Contract Anniversary.

Any adjustment for amounts withdrawn will reduce the applicable factor above in the same proportion that the ContractValue was reduced on the date(s) of the partial withdrawal(s).

35

If the Annuitant dies on or after his or her 86th birthday and prior to the Annuitization Date, the death benefit will equal theContract Value.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocatedto a GTO.

For contracts issued prior to May 1, 1998 or a date prior to which state insurance authorities approved applicable contractmodifications, whichever is later:

If the Annuitant dies prior to his or her 86th birthday and prior to the Annuitization Date, the death benefit will be thegreatest of:

(1) the Contract Value;

(2) the total of all purchase payments made to the contract, less amounts withdrawn; or

(3) the Contract Value as of the most recent five-year Contract Anniversary, less amounts withdrawn since that five-year Contract Anniversary.

If the Annuitant dies on or after his or her 86th birthday and prior to the Annuitization Date, the death benefit will equal theContract Value.

Items shown above that use Contract Value as a factor may include a market value adjustment for any amounts allocatedto a GTO.

Death benefit calculations may vary depending on the state in which the contract is issued.

Annuity Commencement DateThe Annuity Commencement Date is the date on which annuity payments are scheduled to begin. Generally, the ContractOwner designates the Annuity Commencement Date at the time of application. If no Annuity Commencement Date isdesignated at the time of application, Nationwide will establish the Annuity Commencement Date as the date theAnnuitant reaches age 85. The Contract Owner may initiate a change to the Annuity Commencement Date at any time.Additionally, Nationwide will notify the Contract Owner approximately 90 days before the impending AnnuityCommencement Date of the opportunity to change the Annuity Commencement Date or annuitize the contract.

Any request to change the Annuity Commencement Date must meet the following requirements:

• the request is made prior to annuitization;

• the requested date is at least two years after the date of issue;

• the requested date is not later than the Annuitant’s 85th birthday (or the 85th birthday of the oldest Annuitant ifthere are joint annuitants) unless approved by Nationwide; and

• the request for change is made in writing, submitted to the Service Center and approved by Nationwide.

Generally, Nationwide will not initiate annuitization until specifically directed to do so. However, for Non-Qualified Contractsonly, Nationwide will automatically initiate annuitization within 45 days after the Annuity Commencement Date (whetherdefault or otherwise), unless (1) Nationwide has had direct contact with the Contract Owner (indicating that the contract isnot abandoned); or (2) the Contract Owner has taken some type of action which is inconsistent with the desire toannuitize.

Annuitizing the Contract

Annuitization Date

The Annuitization Date is the date that annuity payments begin.

Any optional death benefit that the Contract Owner elects will automatically terminate upon annuitization.

The Annuitization Date will be the first day of a calendar month unless otherwise agreed. Unless otherwise required bystate law, the Annuitization Date must be at least two years after the contract is issued, but may not be later than either:

• the age (or date) specified in the contract; or

• the age (or date) specified by state law, where applicable.

36

The Internal Revenue Code may require that distributions be made prior to the Annuitization Date (see Appendix C:Contract Types and Tax Information).

On the Annuitization Date, the Annuitant becomes the Contract Owner unless the Contract Owner is a CharitableRemainder Trust.

If the contract is issued to fund a Tax Sheltered Annuity, annuitization may occur during the first two Contract Yearssubject to Nationwide’s approval.

Annuitization

Annuitization is the period during which annuity payments are received. It is irrevocable once payments have begun. Uponarrival of the Annuitization Date, the Annuitant must choose:

(1) an annuity payment option; and

(2) either a fixed payment annuity, variable payment annuity, or an available combination.

Annuity purchase rates are used to determine the amount of the annuity payments based upon the annuity paymentoption elected. Actual purchase rates used to determine annuity payments will be those in effect on the AnnuitizationDate, and will not be less than the guaranteed minimum purchase rates as provided in the contract.

Nationwide guarantees that each payment under a fixed payment annuity will be the same throughout annuitization. Undera variable payment annuity, the amount of each payment will vary with the performance of the Sub-Accounts elected.

Any allocations in the Fixed Account that are to be annuitized as a variable payment annuity must be transferred to one ormore Sub-Accounts prior to the Annuitization Date. There are no restrictions on Fixed Account transfers made inanticipation of annuitization.

Any allocations in the Sub-Accounts that are to be annuitized as a fixed payment annuity must be transferred to the FixedAccount prior to the Annuitization Date.

Guaranteed Term Options are not available during annuitization. Any Guaranteed Term Option allocations must betransferred out of the Guaranteed Term Options prior to the Annuitization Date. A market value adjustment may apply.

Fixed Annuity Payments

Fixed annuity payments provide for level annuity payments. Premium taxes are deducted prior to determining fixed annuitypayments. The fixed annuity payments will remain level unless the annuity payment option provides otherwise.

Variable Annuity Payments

Variable annuity payments will vary depending on the performance of the Sub-Accounts selected. The Sub-Accountsavailable during annuitization are those Sub-Accounts corresponding to the underlying mutual funds shown in Appendix A:Underlying Mutual Fund Information.

First Variable Annuity Payment

A number of factors determine the amount of the first variable annuity payment, including, but not limited to:

• the portion of purchase payments allocated to provide variable annuity payments;

• the Variable Account value on the Annuitization Date;

• the adjusted age and sex of the Annuitant (and joint annuitant, if any) in accordance with the contract;

• the annuity payment option elected;

• the frequency of annuity payments;

• the Annuitization Date;

• the assumed investment return (the net investment return required to maintain level variable annuity payments);

• the deduction of applicable premium taxes; and

• the date the contract was issued.

37

Assumed Investment Return

An assumed investment return is the net investment return required to maintain level variable annuity payments.Nationwide uses a 3.5% assumed investment return factor. Therefore, if the net investment performance of each Sub-Account in which the Contract Owner invests exactly equals 3.5% for every payment period, then each payment will be thesame amount. To the extent that investment performance is not equal to 3.5% for given payment periods, the amount ofthe payments in those periods will not be the same. Payments will increase from one payment date to the next if theannualized net rate of return is greater than 3.5% during that time. Conversely, payments will decrease from one paymentto the next if the annualized net rate of return is less than 3.5% during that time.

Nationwide uses the assumed investment rate of return to determine the amount of the first variable annuity payment.

Subsequent Variable Annuity Payments

Variable annuity payments after the first will vary with the performance of the Sub-Accounts chosen by the ContractOwner after the investment performance is adjusted by the assumed investment return factor.

The dollar amount of each subsequent variable annuity payment is determined by taking the portion of the first annuitypayment funded by a particular Sub-Account divided by the Annuity Unit value for that Sub-Account as of theAnnuitization Date. This establishes the number of Annuity Units provided by each Sub-Account for each variable annuitypayment after the first.

The number of Annuity Units comprising each variable annuity payment, on a Sub-Account basis, will remain constant,unless the Contract Owner transfers value from one Sub-Account to another. After annuitization, transfers among Sub-Accounts may only be made once per calendar year.

The number of Annuity Units for each Sub-Account is multiplied by the Annuity Unit value for that Sub-Account for theValuation Period for which the payment is due. The sum of these results for all the Sub-Accounts in which the ContractOwner invests establishes the dollar amount of the variable annuity payment.

Subsequent variable annuity payments may be more or less than the previous variable annuity payment, depending onwhether the net investment performance of the elected Sub-Accounts is greater or lesser than the assumed investmentreturn.

Value of an Annuity Unit

Annuity Unit values for Sub-Accounts are determined by:

(1) multiplying the Annuity Unit value for each Sub-Account for the immediately preceding Valuation Period by theNet Investment Factor for the Sub-Account for the subsequent Valuation Period; and then

(2) multiplying the result from (1) by a factor to neutralize the assumed investment return factor.

The Net Investment Factor for any particular Sub-Account on or after the Annuitization Date is determined by dividing (a)by (b), and then subtracting (c) from the result, where:

(a) is the sum of:

(1) the Net Asset Value of the underlying mutual fund as of the end of the current Valuation Period; and

(2) the per share amount of any dividend or income distributions made by the underlying mutual fund (if thedate of the dividend or income distribution occurs during the current Valuation Period).

(b) is the Net Asset Value of the underlying mutual fund determined as of the end of the preceding Valuation Period.

(c) is a factor representing the daily Variable Account charges, which is equal to 1.40% of the Daily Net Assets.

Based on the change in the Net Investment Factor, the value of an Annuity Unit may increase or decrease. Changes in theNet Investment Factor may not be directly proportional to changes in the Net Asset Value of the underlying mutual fundshares because of the deduction of Variable Account charges.

Though the number of Annuity Units will not change as a result of investment experience, the value of an Annuity Unitmay increase or decrease from Valuation Period to Valuation Period.

Frequency and Amount of Annuity Payments

Annuity payments are based on the annuity payment option elected.

38

If the net amount to be annuitized is less than $5,000, Nationwide reserves the right to pay this amount in a lump suminstead of periodic annuity payments.

Nationwide reserves the right to change the frequency of payments if the amount of any payment becomes less than$100. The payment frequency will be changed to an interval that will result in payments of at least $100. Nationwide willsend annuity payments no later than seven days after each annuity payment date.

Annuity Payment OptionsThe Annuitant must elect an annuity payment option before the Annuitization Date. If the Annuitant does not elect anannuity payment option, a variable payment Single Life with a 20 Year Term Certain annuity payment option will beassumed as the automatic form of payment upon annuitization. Once elected or assumed, the annuity payment optionmay not be changed.

Not all of the annuity payment options may be available in all states. Additionally, the annuity payment options availablemay be limited based on the Annuitant’s age (and the joint annuitant’s age, if applicable) or requirements under theInternal Revenue Code.

Annuity Payment Options Available to All Contracts

• Single Life;

• Standard Joint and Survivor; and

• Single Life with a 10 or 20 Year Term Certain.

Each of the annuity payment options is discussed more thoroughly below.

Single Life

The Single Life annuity payment option provides for annuity payments to be paid during the lifetime of the Annuitant. Thisoption is not available if the Annuitant is 86 or older on the Annuitization Date.

Payments will cease with the last payment before the Annuitant’s death. For example, if the Annuitant dies before thesecond annuity payment date, the Annuitant will receive only one payment. The Annuitant will only receive two annuitypayments if he or she dies before the third payment date, and so on. No death benefit will be paid.

No withdrawals other than the scheduled annuity payments are permitted.

Standard Joint and Survivor

The Standard Joint and Survivor annuity payment option provides for annuity payments to continue during the jointlifetimes of the Annuitant and joint annuitant. After the death of either the Annuitant or joint annuitant, payments willcontinue for the life of the survivor. This option is not available if the Annuitant or joint Annuitant is 86 or older on theAnnuitization Date.

Payments will cease with the last payment due prior to the death of the last survivor of the Annuitant and joint annuitant.As is the case of the Single Life annuity payment option, there is no guaranteed number of payments. Therefore, it ispossible that if the Annuitant dies before the second annuity payment date, the Annuitant will receive only one annuitypayment. No death benefit will be paid.

No withdrawals other than the scheduled annuity payments are permitted.

Single Life with a 10 or 20 Year Term Certain

The Single Life with a 10 or 20 Year Term Certain annuity payment option provides that monthly annuity payments will bepaid during the Annuitant’s lifetime or for the term selected, whichever is longer. The term may be either 10 or 20 years.

If the Annuitant dies before the end of the 10 or 20 year term, payments will be paid to the beneficiary for the remainder ofthe term.

No withdrawals other than the scheduled annuity payments are permitted.

Any Other Option

Annuity payment options not set forth in this provision may be available. Any annuity payment option not set forth in thisprovision must be approved by Nationwide.

39

Statements and ReportsNationwide will mail Contract Owners statements and reports. Therefore, Contract Owners should promptly notify theService Center of any address change.

These mailings will contain:

• statements showing the contract’s quarterly activity;

• confirmation statements showing transactions that affect the contract’s value. Confirmation statements will notbe sent for recurring transactions (i.e., Dollar Cost Averaging or salary reduction programs). Instead,confirmation of recurring transactions will appear in the contract’s quarterly statements; and

• semi-annual and annual reports of allocated underlying mutual funds.

Contract Owners can receive information from Nationwide faster and reduce the amount of mail received by signing up forNationwide’s eDelivery program. Nationwide will notify Contract Owners by email when important documents (statements,prospectuses, and other documents) are ready for a Contract Owner to view, print, or download from Nationwide’s secureserver. To choose this option, go to: www.nationwide.com/login.

Contract Owners should review statements and confirmations carefully. All errors or corrections must be reported toNationwide immediately to assure proper crediting to the contract. Unless Nationwide is notified within 30 days of receiptof the statement, Nationwide will assume statements and confirmation statements are correct.

IMPORTANT NOTICE REGARDING DELIVERY OF SECURITY OWNER DOCUMENTS

When multiple copies of the same disclosure document(s), such as prospectuses, supplements, proxy statements, andsemi-annual and annual reports are required to be mailed to multiple Contract Owners in the same household, Nationwidewill mail only one copy of each document, unless notified otherwise by the Contract Owner(s). Household delivery willcontinue for the life of the contracts.

A Contract Owner can revoke their consent to household delivery and reinstitute individual delivery by contacting theService Center. Nationwide will reinstitute individual delivery within 30 days after receiving such notification.

Legal Proceedings

Nationwide Life Insurance Company

Nationwide Financial Services, Inc. (NFS, or collectively with its subsidiaries, �the Company�) was formed in November1996. NFS is the holding company for Nationwide Life Insurance Company (NLIC), Nationwide Life and Annuity InsuranceCompany (NLAIC) and other companies that comprise the life insurance and retirement savings operations of theNationwide group of companies (Nationwide). This group includes Nationwide Financial Network (NFN), an affiliateddistribution network that markets directly to its customer base. NFS is incorporated in Delaware and maintains its principalexecutive offices in Columbus, Ohio.

The Company is subject to legal and regulatory proceedings in the ordinary course of its business. These includeproceedings specific to the Company and proceedings generally applicable to business practices in the industries in whichthe Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope, and manyuncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of allpending legal and regulatory proceedings is not likely to have a material adverse effect on the Company’s consolidatedfinancial position. The Company maintains Professional Liability Insurance and Director and Officer Liability insurancepolicies that may cover losses for certain legal and regulatory proceedings. The Company will make adequate provisionfor 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 regulatoryentities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority,the Department of Labor, the Internal Revenue Service, the Federal Reserve Bank and state insurance authorities. Suchregulatory entities may, in the normal course, be engaged in general or targeted inquiries, examinations and investigationsof the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or their affiliates, theCompany is cooperating with regulators. The Company will cooperate with its ultimate parent company, Nationwide MutualInsurance Company (NMIC) insofar as any inquiry, examination or investigation encompasses NMIC’s operations. Inaddition, recent regulatory activity, including state and federal regulatory activity related to fiduciary standards, may impact

40

the Company’s business and operations, and certain estimates and assumptions used by the Company in determining theamounts presented in the combined financial statements and accompanying notes. Actual results could differ significantlyfrom those estimates and assumptions.

Nationwide Investment Services Corporation

The general distributor, NISC, is not engaged in any litigation that is likely to have a material adverse effect on its ability toperform its contract with the Variable Account.

Contents of Statement of Additional InformationGeneral Information and HistoryServicesPurchase of Securities Being OfferedUnderwritersAdvertisingAnnuity PaymentsFinancial Statements

Investment Company Act of 1940 Registration File No. 811-03330Securities Act of 1933 Registration File No. 033-67636

41

Appendix A: Underlying Mutual Fund InformationThis appendix contains information about the underlying mutual funds in which the Sub-Accounts invest. The underlyingmutual funds in which the Sub-Accounts invest are designed primarily as investments for variable annuity contracts andvariable life insurance policies issued by insurance companies. There is no guarantee that the investment objectives willbe met. Refer to the prospectus for each underlying mutual fund for more detailed information.

Designations Key:

FF: The underlying mutual fund primarily invests in other mutual funds. Therefore, a proportionate share of the fees and expensesof any acquired funds are indirectly borne by investors. As a result, investors in this Sub-Account may incur higher chargesthan if the assets were invested in an underlying mutual fund that does not invest in other mutual funds. Refer to theprospectus for this underlying mutual fund for more information.

MF: The underlying mutual fund operates as a �feeder fund�, which means it invests all of its investment assets in another mutualfund, the �master fund�. Investors in this underlying mutual fund will bear the fees and expenses of both this underlying mutualfund and the �master fund� in which it invests. Therefore, this may result in higher expenses than those of other underlyingmutual funds that invest directly in individual securities. Refer to the prospectus for this underlying mutual fund for moreinformation.

VOL: The underlying mutual fund uses a volatility management strategy to reduce a Contract Owner’s exposure to equityinvestments when equity markets are volatile which may limit investment losses in a down market. However, use of such astrategy may also limit the growth of Contract Value. Allocation to this type of underlying mutual fund may result in foregoneinvestment gains that could otherwise be realized by investing in riskier underlying mutual funds.

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2015

Investment Advisor: AllianceBernstein L.P.Investment Objective: Maximize total return consistent with the Adviser’s determination of reasonable risk.

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B

Investment Advisor: AllianceBernstein L.P.Investment Objective: Long-term growth of capital.

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B

Investment Advisor: AllianceBernstein L.P.Investment Objective: Long-term growth of capital.

American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II

Investment Advisor: American Century Investment Management, Inc.Investment Objective: Long-term total return using a strategy that seeks to protect against U.S. inflation.

American Century Variable Portfolios, Inc. - American Century VP Balanced Fund: Class I

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2004

Investment Advisor: American Century Investment Management, Inc.Investment Objective: Long-term capital growth and income.

American Century Variable Portfolios, Inc. - American Century VP Income & Growth Fund: Class I

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2006

Investment Advisor: American Century Investment Management, Inc.Investment Objective: Capital growth by investing in common stocks. Income is a secondary objective.

American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I

Investment Advisor: American Century Investment Management, Inc.Investment Objective: Long-term capital growth with income as a secondary objective.

BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2017

Investment Advisor: BlackRock Advisors, LLCSub-advisor: BlackRock Investment Management, LLCInvestment Objective: To seek long-term total return and current income.

42

BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III

Investment Advisor: BlackRock Advisors, LLCSub-advisor: BlackRock Investment Management, LLCInvestment Objective: Seeks high total investment return.

BlackRock Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund: Class III

Investment Advisor: BlackRock Advisors, LLCSub-advisor: BlackRock Financial Management, Inc.Investment Objective: The Fund seeks to maximize total return, consistent with income generation and prudent

investment management.

BlackRock Variable Series Funds, Inc. - BlackRock Total Return V.I. Fund: Class III

Investment Advisor: BlackRock Advisors, LLCSub-advisor: BlackRock Investment Management, LLCInvestment Objective: To maximize total return, consistent with income generation and prudent investment

management.

Columbia Funds Variable Series Trust II - Columbia VP High Yield Bond Fund: Class 2

Investment Advisor: Columbia Management Investment Advisors, LLCInvestment Objective: The Fund seeks to provide shareholders with high current income as its primary objective

and, as its secondary objective, capital growth.

Delaware VIP Trust - Delaware VIP Small Cap Value Series: Service Class

Investment Advisor: Delaware Management Company, Inc.Investment Objective: The fund seeks capital appreciation.

Dreyfus Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2013

Investment Advisor: The Dreyfus CorporationInvestment Objective: The fund seeks to match the performance of the Standard & Poor’s® SmallCap 600 Index

(S&P SmallCap 600 Index).

Dreyfus Stock Index Fund, Inc.: Initial Shares

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2013

Investment Advisor: The Dreyfus CorporationInvestment Objective: The fund seeks to match the total return of the Standard & Poor’s® 500 Composite Stock

Price Index (S&P 500® Index).

Dreyfus Sustainable U.S. Equity Portfolio, Inc. (The): Initial Shares

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2004

Investment Advisor: The Dreyfus CorporationSub-advisor: Newton Investment Management (North America) Limited (Newton)Investment Objective: The fund seeks long-term capital appreciation.

Dreyfus Variable Investment Fund - Appreciation Portfolio: Initial Shares

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2016

Investment Advisor: The Dreyfus CorporationSub-advisor: Fayez Sarofim & Co.Investment Objective: The fund seeks long-term capital growth consistent with the preservation of capital. Its

secondary goal is current income.

Dreyfus Variable Investment Fund - Growth and Income Portfolio: Initial Shares

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2004

Investment Advisor: The Dreyfus CorporationInvestment Objective: Long-term capital growth, current income and growth of income consistent with reasonable

investment risk.

43

Federated Insurance Series - Federated Quality Bond Fund II: Primary Shares

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2008

Investment Advisor: Federated Investment Management CompanyInvestment Objective: Current income.

Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2

Investment Advisor: Fidelity Management & Research CompanySub-advisor: FMR Co., Inc.Investment Objective: The fund seeks capital appreciation.

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class

Investment Advisor: FMR Co., Inc.Sub-advisor: FMR Co., Inc.Investment Objective: High total return with a secondary objective of principal preservation as the fund approaches

its target date and beyond.Designation: FF

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class

Investment Advisor: FMR Co., Inc.Sub-advisor: FMR Co., Inc.Investment Objective: High total return with a secondary objective of principal preservation as the fund approaches

its target date and beyond.Designation: FF

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class

Investment Advisor: FMR Co., Inc.Sub-advisor: FMR Co., Inc.Investment Objective: High total return with a secondary objective of principal preservation as the fund approaches

its target date and beyond.Designation: FF

Fidelity Variable Insurance Products Fund - VIP Asset Manager Portfolio: Initial Class

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2004

Investment Advisor: Fidelity Management & Research CompanySub-advisor: FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis

Company, Fidelity Investments Money Management, Inc., Fidelity Investments JapanLimited, Fidelity International Investment Advisors, Fidelity International Investment Advisors(U.K.) Limited

Investment Objective: High total return.

Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2

Investment Advisor: Fidelity Management & Research CompanySub-advisor: FMR Co., Inc., Fidelity Investments Money Management, Inc., Fidelity Management &

Research (U.K.) Inc., Fidelity Research & Analysis Company, Fidelity Investments JapanLimited, Fidelity International Investment Advisors, Fidelity International Investment Advisors(U.K.) Limited

Investment Objective: Income and capital growth consistent with reasonable risk.

Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2

Investment Advisor: Fidelity SelectCo, LLC (SelectCo) (the Adviser), an affiliate of Fidelity Management &Research Company

Sub-advisor: FMR Co., Inc.Investment Objective: Capital appreciation.

Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Initial Class

Investment Advisor: Fidelity Management & Research CompanySub-advisor: FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis

Company, Fidelity Investments Japan Limited, Fidelity International Investment Advisors,Fidelity International Investment Advisors (U.K.) Limited

Investment Objective: Reasonable income.

44

Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2

Investment Advisor: Fidelity Management & Research CompanySub-advisor: FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis

Company, Fidelity Investments Japan Limited, Fidelity International Investment Advisors,Fidelity International Investment Advisors (U.K.) Limited

Investment Objective: High total return through a combination of current income and capital appreciation.

Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Initial Class

Investment Advisor: Fidelity Management & Research CompanySub-advisor: FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis

Company, Fidelity International Investment Advisors, Fidelity International InvestmentAdvisors (U.K.) Limited, Fidelity Investments Japan Limited

Investment Objective: Capital appreciation.

Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Initial Class

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2016

Investment Advisor: Fidelity Management & Research CompanySub-advisor: FMR Co., Inc., Fidelity Research & Analysis Company, Fidelity Investments Japan Limited,

Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.)Limited

Investment Objective: High level of current income while also considering growth of capital.

Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class

Investment Advisor: Fidelity Management & Research CompanySub-advisor: Fidelity Investments Money Management, Inc., Fidelity Research & Analysis Company,

Fidelity International Investment Advisors, Fidelity International Investment Advisors (U.K.)Limited

Investment Objective: High level of current income.

Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2017

Investment Advisor: Fidelity Management & Research CompanySub-advisor: FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis

Company, Fidelity Investments Japan Limited, Fidelity International Investment Advisors,Fidelity International Investment Advisors (U.K.) Limited

Investment Objective: Long-term growth of capital.

Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Initial Class

Investment Advisor: Fidelity Management & Research CompanySub-advisor: Fidelity Research & Analysis CompanyInvestment Objective: Long-term capital growth.

Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class 2

Investment Advisor: Fidelity SelectCo, LLC (SelectCo) (the Adviser), an affiliate of Fidelity Management &Research Company

Sub-advisor: FMR Co., Inc., Fidelity Research & Analysis CompanyInvestment Objective: The fund seeks above-average income and long-term capital growth, consistent with

reasonable investment risk.

Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2006

Investment Advisor: Fidelity Management & Research CompanySub-advisor: FMR Co., Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Research & Analysis

Company, Fidelity Investments Japan Limited, Fidelity International Investment Advisors,Fidelity International Investment Advisors (U.K.) Limited

Investment Objective: Capital appreciation.

Franklin Templeton Variable Insurance Products Trust - Franklin Founding Funds Allocation VIP Fund: Class 2

Investment Advisor: Franklin Templeton Services, LLCInvestment Objective: Capital appreciation with income as a secondary goal.Designation: FF

45

Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2

Investment Advisor: Franklin Advisers, Inc.Investment Objective: Seeks to maximize income while maintaining prospects for capital appreciation.

Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2013

Investment Advisor: Franklin Advisory Services, LLCInvestment Objective: Seeks long-term total return.

Franklin Templeton Variable Insurance Products Trust - Templeton Developing Markets VIP Fund: Class 2

This underlying mutual fund is only available in contracts for which good order applications were received before April 30, 2014

Investment Advisor: Templeton Asset Management, Ltd.Investment Objective: Seeks long-term capital appreciation.

Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2

This underlying mutual fund is only available in contracts for which good order applications were received before April 30, 2014

Investment Advisor: Templeton Investment Counsel, LLCInvestment Objective: Seeks long-term capital growth.

Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2

Investment Advisor: Franklin Advisers, Inc.Investment Objective: High current income, consistent with preservation of capital, with capital appreciation as a

secondary consideration.

Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2018

Investment Advisor: Goldman Sachs Asset Management, L.P.Investment Objective: Seeks to achieve investment results that approximate the performance of the GS Global

Markets Navigator Index (the �Index�).

Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares

Investment Advisor: Goldman Sachs Asset Management, L.P.Investment Objective: The Portfolio seeks long-term growth of capital.

Guggenheim Variable Funds - Multi-Hedge Strategies

Investment Advisor: Guggenheim InvestmentsInvestment Objective: Capital appreciation consistent with the return and risk characteristics of the hedge fund

universe and, secondarily, to achieve these returns with low correlation to and less volatilitythan equity indices.

Invesco - Invesco V.I. American Franchise Fund: Series II Shares

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2012

Investment Advisor: Invesco Advisers, Inc.Investment Objective: Seek capital growth.

Invesco - Invesco V.I. Mid Cap Core Equity Fund: Series II Shares

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2015

Investment Advisor: Invesco Advisers, Inc.Investment Objective: Long-term growth of capital.

Invesco - Invesco V.I. Mid Cap Growth Fund: Series II Shares

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2012

Investment Advisor: Invesco Advisers, Inc.Investment Objective: Capital growth.

46

Ivy Variable Insurance Portfolios - Asset Strategy: Class II (formerly, Ivy Variable Insurance Portfolios - Asset Strategy)

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2017

Investment Advisor: Ivy Investment Management CompanyInvestment Objective: To seek to provide total return.

Ivy Variable Insurance Portfolios - High Income: Class II (formerly, Ivy Variable Insurance Portfolios - High Income)

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2017

Investment Advisor: Ivy Investment Management CompanyInvestment Objective: To seek to provide total return through a combination of high current income and capital

appreciation.

Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II (formerly, Ivy Variable Insurance Portfolios - Mid Cap Growth)

Investment Advisor: Ivy Investment Management CompanyInvestment Objective: To seek to provide growth of capital.

Janus Henderson VIT Flexible Bond Portfolio: Service Shares

Investment Advisor: Janus Capital Management LLCInvestment Objective: Maximum total return, consistent with preservation of capital.

Janus Henderson VIT Forty Portfolio: Service Shares

Investment Advisor: Janus Capital Management LLCInvestment Objective: Long-term growth of capital.

Janus Henderson VIT Global Technology Portfolio: Service Shares

Investment Advisor: Janus Capital Management LLCInvestment Objective: Long-term growth of capital.

Janus Henderson VIT Overseas Portfolio: Service Shares

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2016

Investment Advisor: Janus Capital Management LLCInvestment Objective: Long-term growth of capital.

JPMorgan Insurance Trust - JPMorgan Insurance Trust Mid Cap Value Portfolio: Class 1

Investment Advisor: J.P. Morgan Investment Management Inc.Investment Objective: Capital appreciation with the secondary goal of achieving current income by investing

primarily in equity securities.

Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC

Investment Advisor: Lord, Abbett & Co. LLCInvestment Objective: The Fund’s investment objective is to seek income and capital appreciation to produce a

high total return.

MFS® Variable Insurance Trust - MFS New Discovery Series: Service Class

Investment Advisor: Massachusetts Financial Services CompanyInvestment Objective: To seek capital appreciation.

MFS® Variable Insurance Trust - MFS Value Series: Service Class

Investment Advisor: Massachusetts Financial Services CompanyInvestment Objective: To seek capital appreciation.

MFS® Variable Insurance Trust II - MFS International Value Portfolio: Service Class

Investment Advisor: Massachusetts Financial Services CompanyInvestment Objective: The fund’s investment objective is to seek capital appreciation. MFS normally invests the

fund’s assets primarily in foreign equity securities, including emerging market equitysecurities.

47

Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class I

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2009

Investment Advisor: Morgan Stanley Investment Management Inc.Investment Objective: Above-average total return over a market cycle of three to five years by investing primarily in

a diversified portfolio of fixed income securities.

Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I

This underlying mutual fund is no longer available to receive transfers or new purchase payments effective May 1, 2004

Investment Advisor: Morgan Stanley Investment Management Inc.Investment Objective: High total return by investing primarily in fixed income securities of government and

government-related issuers and, to a lesser extent, of corporate issuers in emerging marketcountries.

Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II

Investment Advisor: Morgan Stanley Investment Management Inc.Sub-advisor: Morgan Stanley Investment Management LimitedInvestment Objective: Both capital appreciation and current income.

Nationwide Variable Insurance Trust - American Century NVIT Multi Cap Value Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: American Century Investment Management, Inc.Investment Objective: The Fund seeks capital appreciation, and secondarily current income.

Nationwide Variable Insurance Trust - American Funds NVIT Asset Allocation Fund: Class II

Investment Advisor: Capital Research and Management Company, Nationwide Fund AdvisorsInvestment Objective: The fund seeks to provide high total return (including income and capital gains) consistent

with preservation of capital over the long term.Designation: MF

Nationwide Variable Insurance Trust - American Funds NVIT Bond Fund: Class II

Investment Advisor: Capital Research and Management Company, Nationwide Fund AdvisorsInvestment Objective: The Fund seeks to provide as high a level of current income as is consistent with the

preservation of capital.Designation: MF

Nationwide Variable Insurance Trust - American Funds NVIT Global Growth Fund: Class II

Investment Advisor: Capital Research and Management Company, Nationwide Fund AdvisorsInvestment Objective: The Fund seeks to provide long-term growth of capital.Designation: MF

Nationwide Variable Insurance Trust - American Funds NVIT Growth Fund: Class II

Investment Advisor: Capital Research and Management Company, Nationwide Fund AdvisorsInvestment Objective: The Fund seeks to provide long-term growth of capital.Designation: MF

Nationwide Variable Insurance Trust - American Funds NVIT Growth-Income Fund: Class II

Investment Advisor: Capital Research and Management Company, Nationwide Fund AdvisorsInvestment Objective: The fund seeks to achieve long-term growth of capital and income.Designation: MF

Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: BlackRock Investment Management, LLCInvestment Objective: The Fund’s investment objective is to seek capital growth and income through investments in

equity securities, including common stocks, preferred stocks, and convertible securities.

48

Nationwide Variable Insurance Trust - BlackRock NVIT Managed Global Allocation Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Nationwide Asset Management, LLCInvestment Objective: Seeks high total investment return consistent with preservation of capital over the long term.Designation: FF, VOL

Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: DoubleLine Capital LPInvestment Objective: The Fund seeks to maximize total return.

Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Federated Investment Management CompanyInvestment Objective: The Fund seeks to provide high current income.

Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class I

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2013

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Neuberger Berman Investment Advisers LLCInvestment Objective: The fund seeks long-term capital growth.

Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Neuberger Berman Investment Advisers LLCInvestment Objective: The fund seeks long-term capital growth.

Nationwide Variable Insurance Trust - Neuberger Berman NVIT Socially Responsible Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Neuberger Berman Investment Advisers LLCInvestment Objective: The Fund seeks long-term growth of capital by investing primarily in securities of companies

that meet the fund’s financial criteria and social policy.

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Aggressive Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsInvestment Objective: The Aggressive Fund seeks maximum growth of capital consistent with a more aggressive

level of risk as compared to other Cardinal Funds.Designation: FF

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Balanced Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsInvestment Objective: The Fund seeks a high level of total return through investment in both equity and fixed

income securities.Designation: FF

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Capital Appreciation Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsInvestment Objective: The Fund seeks growth of capital, but also seeks income consistent with a less aggressive

level of risk as compared to other Cardinal Funds.Designation: FF

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Conservative Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsInvestment Objective: The Fund seeks a high level of total return consistent with a conservative level of risk as

compared to other Cardinal Funds.Designation: FF

49

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth & Income Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Nationwide Asset Management, LLCInvestment Objective: Seeks a high level of total return through investment in both equity and fixed-income

securities, consistent with preservation of capital.Designation: FF, VOL

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Nationwide Asset Management, LLCInvestment Objective: Seeks growth primarily and investment income secondarily.Designation: FF, VOL

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderate Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsInvestment Objective: The Fund seeks a high level of total return consistent with a moderate level of risk as

compared to other Cardinal Funds.Designation: FF

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Aggressive Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsInvestment Objective: The Fund seeks growth of capital, but also seeks income consistent with a moderately

aggressive level of risk as compared to other Cardinal Funds.Designation: FF

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Conservative Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsInvestment Objective: The fund seeks a high level of total return consistent with a moderately conservative level of

risk.Designation: FF

Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Nationwide Asset Management, LLCInvestment Objective: The Fund seeks a high level of current income consistent with preserving capital.

Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Neuberger Berman Investment Advisers LLCInvestment Objective: The Fund seeks long-term total return consistent with reasonable risk.

Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsInvestment Objective: Seeks primarily to provide growth of capital, and secondarily current income.Designation: FF

Nationwide Variable Insurance Trust - NVIT DFA Moderate Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsInvestment Objective: Seeks a high level of total return consistent with a moderate level of risk.Designation: FF

Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Lazard Asset Management, LLC and Standard Life Investments (Corporate Funds) LimitedInvestment Objective: The Fund seeks long-term capital growth by investing primarily in equity securities of

companies located in emerging market countries.

50

Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Nationwide Asset Management, LLCInvestment Objective: The fund seeks as high a level of current income as is consistent with the preservation of

capital.

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Federated Investment Management CompanyInvestment Objective: The Fund seeks as high a level of current income as is consistent with preserving capital

and maintaining liquidity.

Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Lazard Asset Management LLCInvestment Objective: The Fund seeks long-term capital growth by investing primarily in equity securities of

companies in Europe, Australasia, the Far East and other regions, including developingcountries.

Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: BlackRock Investment Management, LLCInvestment Objective: The Fund seeks to match the performance of the MSCI Europe, Australasia and Far East

Index (�MSCI EAFE Index�) as closely as possible before the deduction of Fund expenses.

Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsInvestment Objective: The NVIT Investor Destinations Aggressive Fund seeks maximum growth of capital

consistent with a more aggressive level of risk as compared to other Investor DestinationsFunds.

Designation: FF

Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsInvestment Objective: The NVIT Investor Destinations Balanced Fund seeks a high level of total return through

investment in both equity and fixed-income securities.Designation: FF

Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsInvestment Objective: The NVIT Investor Destinations Capital Appreciation Fund seeks growth of capital, but also

seeks income consistent with a less aggressive level of risk as compared to other NVITInvestor Destinations Funds.

Designation: FF

Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsInvestment Objective: The NVIT Investor Destinations Conservative Fund seeks a high level of total return

consistent with a conservative level of risk as compared to other Investor DestinationsFunds.

Designation: FF

Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Nationwide Asset Management, LLCInvestment Objective: Seeks a high level of total return through investment in both equity and fixed-income

securities, consistent with preservation of capital.Designation: FF, VOL

51

Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Nationwide Asset Management, LLCInvestment Objective: Seeks growth primarily and investment income secondarily.Designation: FF, VOL

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsInvestment Objective: The NVIT Investor Destinations Moderate Fund seeks a high level of total return consistent

with a moderate level of risk as compared to other Investor Destinations Funds.Designation: FF

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsInvestment Objective: The NVIT Investor Destinations Moderately Aggressive Fund seeks growth of capital, but

also seeks income consistent with a moderately aggressive level of risk as compared toother Investor Destinations Funds.

Designation: FF

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsInvestment Objective: The NVIT Investor Destinations Moderately Conservative Fund seeks a high level of total

return consistent with a moderately conservative level of risk.Designation: FF

Nationwide Variable Insurance Trust - NVIT Large Cap Growth Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Boston Advisors, LLCInvestment Objective: The Fund seeks long-term capital growth.

Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: BlackRock Investment Management, LLCInvestment Objective: The Fund seeks capital appreciation.

Nationwide Variable Insurance Trust - NVIT Multi Sector Bond Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Logan Circle Partners, L.P.Investment Objective: The Fund seeks to provide above average total return over a market cycle of three to five

years.

Nationwide Variable Insurance Trust - NVIT Multi-Manager International Growth Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Invesco Advisers, Inc. and American Century Investment Management, Inc.Investment Objective: The Fund seeks long-term capital growth.

Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Thompson, Siegel & Walmsley LLCInvestment Objective: The Fund seeks long-term capital appreciation.

Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Growth Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Massachusetts Financial Services Company; Smith Asset Management Group; and Loomis,

Sayles & Company L.P.Investment Objective: The fund seeks long-term capital growth.

52

Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Massachusetts Financial Services Company; The Boston Company Asset Management,

LLC; Wellington Management Company, LLPInvestment Objective: The fund seeks long-term capital growth.

Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class II

This underlying mutual fund is no longer available to receive transfers or new purchase payments effective May 1, 2010

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Massachusetts Financial Services Company; The Boston Company Asset Management,

LLC; Wellington Management Company, LLPInvestment Objective: The fund seeks long-term capital growth.

Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Growth Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Neuberger Berman Investment Advisers LLC; Wells Capital Management, Inc.Investment Objective: The fund seeks long-term capital growth.

Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: American Century Investment Management, Inc.; Thompson, Siegel & Walmsley LLC;

WEDGE Capital Management L.L.P.Investment Objective: The fund seeks long-term capital appreciation.

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: OppenheimerFunds, Inc.; Wellington Management Company, LLPInvestment Objective: The Fund seeks capital growth.

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Epoch Investment Partners, Inc.; JPMorgan Investment Management Inc.Investment Objective: The Fund seeks capital appreciation.

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Jacobs Levy Equity Management, Inc.; OppenheimerFunds, Inc.Investment Objective: The Fund seeks long-term growth of capital.

Nationwide Variable Insurance Trust - NVIT Nationwide Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: AQR Capital Management, LLCInvestment Objective: The Fund seeks total return through a flexible combination of capital appreciation and

current income.

Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Wellington Management Company LLPInvestment Objective: The Fund seeks current income and long-term capital appreciation.

Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: BlackRock Investment Management, LLCInvestment Objective: Long-term capital appreciation.

Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Nationwide Asset Management, LLCInvestment Objective: The Fund seeks to provide a high level of current income while preserving capital and

minimizing fluctuations in share value.

53

Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: BlackRock Investment Management, LLCInvestment Objective: The Fund seeks to match the performance of the Russell 2000® Index as closely as

possible before the deduction of Fund expenses.

Nationwide Variable Insurance Trust - Templeton NVIT International Value Fund: Class I

Investment Advisor: Nationwide Fund AdvisorsSub-advisor: Templeton Investment Counsel, LLCInvestment Objective: The Fund seeks to maximize total return consisting of capital appreciation and/or current

income.

Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: Class S

Investment Advisor: Neuberger Berman Investment Advisers LLCInvestment Objective: The Fund seeks growth of capital.

Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: Class I

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2012

Investment Advisor: Neuberger Berman Investment Advisers LLCInvestment Objective: The Fund seeks the highest available current income consistent with liquidity and low risk to

principal; total return is a secondary goal.

Neuberger Berman Advisers Management Trust - Socially Responsive Portfolio: Class I

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2008

Investment Advisor: Neuberger Berman Investment Advisers LLCInvestment Objective: The Fund seeks long-term growth of capital by investing primarily in securities of companies

that meet the Fund’s financial criteria and social policy.

Oppenheimer Variable Account Funds - Oppenheimer Conservative Balanced Fund/VA: Non-Service Shares

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2004

Investment Advisor: OFI Global Asset Management, Inc.Sub-advisor: OppenheimerFunds, Inc.Investment Objective: The Fund seeks capital appreciation.

Oppenheimer Variable Account Funds - Oppenheimer Discovery Mid Cap Growth Fund/VA: Non-Service Shares

Investment Advisor: OFI Global Asset Management, Inc.Sub-advisor: OppenheimerFunds, Inc.Investment Objective: Capital appreciation.

Oppenheimer Variable Account Funds - Oppenheimer Global Fund/VA: Non-Service Shares

Investment Advisor: OFI Global Asset Management, Inc.Sub-advisor: OppenheimerFunds, Inc.Investment Objective: The Fund seeks capital appreciation.

Oppenheimer Variable Account Funds - Oppenheimer Global Strategic Income Fund/VA: Non-Service Shares

Investment Advisor: OFI Global Asset Management, Inc.Sub-advisor: OppenheimerFunds, Inc.Investment Objective: The Fund seeks total return.

Oppenheimer Variable Account Funds - Oppenheimer Main Street Fund®/VA: Non-Service Shares

Investment Advisor: OFI Global Asset Management, Inc.Sub-advisor: OppenheimerFunds, Inc.Investment Objective: The Fund seeks capital appreciation.

Oppenheimer Variable Account Funds - Oppenheimer Main Street Small Cap Fund®/VA: Non-Service Shares

Investment Advisor: OFI Global Asset Management, Inc.Sub-advisor: OppenheimerFunds, Inc.Investment Objective: Capital appreciation.

54

Oppenheimer Variable Account Funds - Oppenheimer Total Return Bond Fund/VA: Non-Service Shares

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2004

Investment Advisor: OFI Global Asset Management, Inc.Sub-advisor: OppenheimerFunds, Inc.Investment Objective: The Fund seeks total return.

PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class

Investment Advisor: PIMCOSub-advisor: Research Affiliates, LLCInvestment Objective: The Portfolio seeks maximum real return, consistent with preservation of real capital and

prudent investment management.Designation: FF

PIMCO Variable Insurance Trust - Foreign Bond Portfolio (Unhedged): Advisor Class

Investment Advisor: PIMCOInvestment Objective: The portfolio seeks maximum total return consistent with preservation of capital and prudent

investment management.

PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class

Investment Advisor: Pacific Investment Management Company LLCInvestment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and

prudent investment management.

PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class

Investment Advisor: Pacific Investment Management Company LLCInvestment Objective: The Portfolio seeks maximum current income, consistent with preservation of capital and

daily liquidity.

PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class

Investment Advisor: Pacific Investment Management Company LLCInvestment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and

prudent investment management.

Putnam Variable Trust - Putnam VT International Equity Fund: Class IB

Investment Advisor: Putnam Investment Management, LLCSub-advisor: Putnam Investments Limited and The Putnam Advisory Company, LLCInvestment Objective: Seeks capital appreciation.

T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II

Investment Advisor: T. Rowe Price Associates, Inc.Investment Objective: The fund seeks long-term capital appreciation.

VanEck VIP Trust - VanEck VIP Emerging Markets Fund: Initial Class

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2012

Investment Advisor: Van Eck Associates CorporationInvestment Objective: Long-term capital appreciation by investing primarily in equity securities in emerging markets

around the world.

VanEck VIP Trust - VanEck VIP Global Hard Assets Fund: Class S (formerly, VanEck VIP Trust - VanEck VIP Global HardAssets Fund: Service Class)

Investment Advisor: Van Eck Associates CorporationInvestment Objective: Long-term capital appreciation by investing primarily in hard asset securities. Income is a

secondary consideration.

VanEck VIP Trust - VanEck VIP Global Hard Assets Fund: Initial Class

This underlying mutual fund is no longer available to receive transfers or new purchase payments effective May 1, 2012

Investment Advisor: Van Eck Associates CorporationInvestment Objective: Long-term capital appreciation by investing primarily in hard asset securities. Income is a

secondary consideration.

55

VanEck VIP Trust - VanEck VIP Unconstrained Emerging Markets Bond Fund: Initial Class

This underlying mutual fund is only available in contracts for which good order applications were received before May 1, 2012

Investment Advisor: Van Eck Associates CorporationInvestment Objective: High total return – income plus capital appreciation – by investing globally, primarily in a

variety of debt securities.

Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2

Investment Advisor: Wells Fargo Funds Management, LLCSub-advisor: Wells Capital Management, Inc.Investment Objective: Seeks long-term capital appreciation.

56

Appendix B: Condensed Financial InformationThe following tables list the Condensed Financial Information (the Accumulation Unit value information for AccumulationUnits outstanding) for contracts as of December 31, 2017. The term �Period� is defined as a complete calendar year,unless otherwise noted. Those Periods with an asterisk (*) reflect Accumulation Unit information for a partial year only.

The following underlying mutual funds in which the Sub-Accounts invest were added to the Variable Account afterDecember 31, 2017; therefore, no Condensed Financial Information is available:

• AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B

• Fidelity Variable Insurance Products - Emerging Markets Portfolio: Service Class 2

• Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares

• Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class II

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.413726 12.866366 12.73% 3,8242016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.198394 11.413726 1.92% 1,1482015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.507001 11.198394 -2.68% 1,1482014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.199261 11.507001 2.75% 1,8922013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.147362 11.199261 10.37% 1,2372012*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.147362 1.47% 0

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.191453 44.722862 11.27% 18,1252016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.662638 40.191453 23.05% 23,7662015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.126554 32.662638 -7.01% 21,6562014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.699958 35.126554 7.42% 27,0892013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.095626 32.699958 35.71% 38,3792012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.628604 24.095626 16.81% 38,4592011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.894965 20.628604 -9.90% 40,0882010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.342594 22.894965 24.82% 64,9922009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.040332 18.342594 40.66% 30,8652008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.584087 13.040332 -36.65% 3,307

American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.647256 13.950806 2.22% 208,1772016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.258770 13.647256 2.93% 214,0022015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.787333 13.258770 -3.83% 222,1982014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.536422 13.787333 1.85% 274,7572013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.000600 13.536422 -9.76% 328,0542012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.167698 15.000600 5.88% 560,8132011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.858112 14.167698 10.18% 591,0042010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.405588 12.858112 3.65% 563,2712009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.415645 12.405588 8.67% 615,3822008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.764634 11.415645 -2.97% 696,062

57

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

American Century Variable Portfolios, Inc. - American Century VP Balanced Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.077867 36.029912 12.32% 192,5122016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.405639 32.077867 5.50% 223,8832015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31.652012 30.405639 -3.94% 260,6182014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.222015 31.652012 8.32% 302,0652013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.238554 29.222015 15.78% 320,0952012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.895729 25.238554 10.23% 354,9582011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.044609 22.895729 3.86% 412,6282010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.027126 22.044609 10.07% 496,4722009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.588371 20.027126 13.87% 603,5022008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.390774 17.588371 -21.45% 743,071

American Century Variable Portfolios, Inc. - American Century VP Income & Growth Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.991685 23.751028 18.80% 147,8092016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.865780 19.991685 11.90% 166,3832015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.198551 17.865780 -6.94% 176,6732014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.307141 19.198551 10.93% 192,1362013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.923414 17.307141 33.92% 212,9922012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.423068 12.923414 13.13% 263,6872011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.235274 11.423068 1.67% 311,8542010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.982489 11.235274 12.55% 339,5382009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.572835 9.982489 16.44% 383,8552008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.292017 8.572835 -35.50% 461,431

American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.290632 25.651135 10.13% 84,7672016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.226210 23.290632 21.14% 108,1452015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.782645 19.226210 -2.81% 101,3322014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.233266 19.782645 14.79% 121,8032013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.432586 17.233266 28.29% 108,0752012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.711493 13.432586 14.70% 116,2622011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.960402 11.711493 -2.08% 118,5572010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.171685 11.960402 17.59% 151,0882009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.938834 10.171685 28.13% 165,6582008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.643035 7.938834 -25.41% 187,548

BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.170131 12.830491 14.86% 42,6882016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.760789 11.170131 14.44% 42,8212015*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.760789 -2.39% 5,523

BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.236876 17.083716 12.12% 173,1932016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.886200 15.236876 2.36% 198,1082015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.250235 14.886200 -2.39% 221,2742014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.173580 15.250235 0.51% 228,8542013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.450045 15.173580 12.81% 263,5482012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.405078 13.450045 8.42% 268,1692011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.056117 12.405078 -4.99% 314,4482010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.063857 13.056117 8.23% 221,3632009*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 12.063857 20.64% 101,710

58

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

BlackRock Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund: Class III - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.250078 10.822385 5.58% 28,2342016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.214075 10.250078 11.24% 11,8782015*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.214075 -7.86% 1,462

BlackRock Variable Series Funds, Inc. - BlackRock Total Return V.I. Fund: Class III - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.889492 10.064063 1.77% 47,4232016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.788805 9.889492 1.03% 50,2282015*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.788805 -2.11% 7,586

Columbia Funds Variable Series Trust II - Columbia VP High Yield Bond Fund: Class 2 - Q/NQ2017*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.200443 2.00% 1,217

Delaware VIP Trust - Delaware VIP Small Cap Value Series: Service Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.178377 16.726225 10.20% 21,4482016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.742909 15.178377 29.26% 35,4742015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.732461 11.742909 -7.77% 6,2362014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.226317 12.732461 4.14% 7,2542013*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 12.226317 22.26% 2,774

Dreyfus Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.355301 32.535677 10.83% 72,4812016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.679016 29.355301 23.97% 81,0932015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.588023 23.679016 -3.70% 86,9792014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.722219 24.588023 3.65% 95,5182013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.097628 23.722219 38.75% 104,0932012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.982459 17.097628 14.12% 128,3802011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.109725 14.982459 -0.84% 137,1142010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.178690 15.109725 24.07% 160,9032009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.879210 12.178690 23.28% 177,1172008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.503198 9.879210 -31.88% 225,583

Dreyfus Stock Index Fund, Inc.: Initial Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51.617035 61.859399 19.84% 1,134,0522016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46.861786 51.617035 10.15% 1,241,4842015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47.006755 46.861786 -0.31% 1,393,4472014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42.031661 47.006755 11.84% 1,555,9562013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.287313 42.031661 30.18% 1,717,8312012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.293945 32.287313 14.11% 1,986,6252011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.166001 28.293945 0.45% 2,359,6122010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.874674 28.166001 13.23% 2,718,0382009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.969133 24.874674 24.57% 3,206,5652008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.220317 19.969133 -38.02% 3,832,464

59

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Dreyfus Sustainable U.S. Equity Portfolio, Inc. (The): Initial Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38.836009 44.165756 13.72% 176,6132016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.684234 38.836009 8.83% 190,6662015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37.385271 35.684234 -4.55% 217,9742014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33.420151 37.385271 11.86% 240,3732013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.229605 33.420151 32.46% 259,7102012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.852153 25.229605 10.40% 312,1822011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.968933 22.852153 -0.51% 360,0692010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.288887 22.968933 13.21% 407,6672009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.383982 20.288887 31.88% 447,1052008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.793676 15.383982 -35.34% 519,581

Dreyfus Variable Investment Fund - Appreciation Portfolio: Initial Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.235780 29.173735 25.56% 215,8932016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.838656 23.235780 6.40% 238,1612015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.709320 21.838656 -3.83% 280,1902014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.307623 22.709320 6.58% 323,4862013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.844306 21.307623 19.41% 387,9372012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.388854 17.844306 8.88% 478,5272011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.246972 16.388854 7.49% 479,4232010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.409348 15.246972 13.70% 444,8302009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.096489 13.409348 20.84% 491,1652008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.975066 11.096489 -30.54% 621,042

Dreyfus Variable Investment Fund - Growth and Income Portfolio: Initial Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.756418 28.041622 18.04% 118,3962016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.896116 23.756418 8.50% 132,6522015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.860699 21.896116 0.16% 155,1892014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.141818 21.860699 8.53% 180,9502013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.934354 20.141818 34.87% 195,3562012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.828374 14.934354 16.42% 226,8572011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.384112 12.828374 -4.15% 281,5912010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.444531 13.384112 16.95% 324,3362009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.012642 11.444531 26.98% 376,9402008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.339889 9.012642 -41.25% 460,816

Federated Insurance Series - Federated Quality Bond Fund II: Primary Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.610485 16.013693 2.58% 104,0812016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.248397 15.610485 2.37% 118,6032015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.502649 15.248397 -1.64% 154,0012014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.148175 15.502649 2.34% 167,3252013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.205878 15.148175 -0.38% 183,8072012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.055799 15.205878 8.18% 232,2532011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.938091 14.055799 0.84% 230,9292010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.028002 13.938091 6.99% 267,7562009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.971011 13.028002 18.75% 310,8932008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.001433 10.971011 -8.59% 319,745

60

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2010 Portfolio: Service Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.375914 16.016753 11.41% 84,1332016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.848607 14.375914 3.81% 90,1692015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.089170 13.848607 -1.71% 94,5072014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.693625 14.089170 2.89% 71,5962013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.247736 13.693625 11.81% 88,9832012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.122350 12.247736 10.12% 122,9252011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.312070 11.122350 -1.68% 135,4902010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.176442 11.312070 11.16% 117,2552009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.313085 10.176442 22.41% 141,9012008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.253089 8.313085 -26.13% 133,262

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2020 Portfolio: Service Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.340298 16.469104 14.84% 45,7872016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.714650 14.340298 4.56% 43,9812015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.960539 13.714650 -1.76% 52,3572014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.527796 13.960539 3.20% 48,6882013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.832049 13.527796 14.33% 50,0642012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.602215 11.832049 11.60% 60,8802011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.874747 10.602215 -2.51% 64,2362010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.630658 10.874747 12.92% 75,0532009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.584783 9.630658 26.97% 91,7022008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.432335 7.584783 -33.65% 70,748

Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Fund 2030 Portfolio: Service Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.610873 17.406096 19.13% 55,3822016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.910753 14.610873 5.03% 58,5742015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.155823 13.910753 -1.73% 66,1852014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.691236 14.155823 3.39% 79,3962013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.428736 13.691236 19.80% 97,6142012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.037368 11.428736 13.86% 69,4052011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.461668 10.037368 -4.06% 48,9402010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.146676 10.461668 14.38% 42,9572009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.059531 9.146676 29.56% 53,2162008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.562493 7.059531 -38.94% 56,469

Fidelity Variable Insurance Products Fund - VIP Asset Manager Portfolio: Initial Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.525048 32.094011 12.51% 516,5742016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.067023 28.525048 1.63% 584,0402015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.425220 28.067023 -1.26% 656,4592014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.239939 28.425220 4.35% 722,8562013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.876462 27.239939 14.09% 810,5832012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.529038 23.876462 10.90% 967,6622011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.407814 21.529038 -3.92% 1,135,5562010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.888731 22.407814 12.67% 1,331,3842009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.622809 19.888731 27.31% 1,584,1522008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.228603 15.622809 -29.72% 1,908,338

Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2 - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.428287 11.939894 14.50% 34,7082016*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.428287 4.28% 9,829

61

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2 - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.761336 17.027317 -4.13% 96,7312016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.492114 17.761336 31.64% 135,5682015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.266811 13.492114 -21.86% 106,7892014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.074950 17.266811 -13.99% 128,2122013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.400030 20.074950 22.41% 140,5462012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.881541 16.400030 3.26% 182,1112011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.990007 15.881541 -6.52% 200,4372010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.460817 16.990007 17.49% 209,2072009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.938215 14.460817 45.51% 266,1722008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.106855 9.938215 -55.04% 301,734

Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Initial Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47.876282 53.295173 11.32% 1,572,6822016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41.141352 47.876282 16.37% 1,742,6082015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43.448056 41.141352 -5.31% 1,929,1482014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.531369 43.448056 7.20% 2,173,3292013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.077503 40.531369 26.35% 2,432,9262012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.733871 32.077503 15.66% 2,832,8752011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.856247 27.733871 -0.44% 3,333,8372010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.534634 27.856247 13.54% 3,878,7332009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.110163 24.534634 28.39% 4,589,8592008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33.798769 19.110163 -43.46% 5,571,710

Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2 - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.254640 12.941018 14.98% 19,1832016*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 11.254640 12.55% 10,629

Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Initial Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43.521321 57.991481 33.25% 1,191,3562016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43.786989 43.521321 -0.61% 1,321,8172015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41.435794 43.786989 5.67% 1,461,1532014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37.758302 41.435794 9.74% 1,622,0762013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.088048 37.758302 34.43% 1,801,3032012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.839101 28.088048 13.08% 2,091,1402011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.140143 24.839101 -1.20% 2,464,1992010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.533211 25.140143 22.44% 2,858,0092009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.232974 20.533211 26.49% 3,320,5342008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31.162695 16.232974 -47.91% 3,976,460

Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Initial Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.231487 25.550057 5.44% 567,4402016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.442151 24.231487 13.01% 644,4672015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.565086 21.442151 -4.98% 704,5082014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.624111 22.565086 -0.26% 624,1082013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.657354 22.624111 4.46% 696,2332012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.229524 21.657354 12.63% 803,0122011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.746165 19.229524 2.58% 967,1382010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.703255 18.746165 12.23% 1,137,5932009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.767470 16.703255 41.94% 1,368,3812008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.909698 11.767470 -26.04% 1,696,687

62

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.353153 14.741264 2.70% 252,5582016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.912519 14.353153 3.17% 250,6042015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.210353 13.912519 -2.10% 293,1912014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.627965 14.210353 4.27% 327,6992013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.087669 13.627965 -3.26% 393,1422012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.508871 14.087669 4.28% 550,4282011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.778972 13.508871 5.71% 619,9082010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.036092 12.778972 6.17% 678,0452009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.552916 12.036092 14.05% 721,8862008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.073183 10.552916 -4.70% 497,703

Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.605008 20.953277 19.02% 190,4932016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.925306 17.605008 10.55% 208,5352015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.397370 15.925306 -2.88% 250,1432014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.659873 16.397370 4.71% 282,2372013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.672670 15.659873 34.16% 324,2192012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.316987 11.672670 13.14% 359,0892011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.719144 10.316987 -11.96% 434,0642010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.234738 11.719144 26.90% 623,9742009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.689160 9.234738 38.06% 500,4932008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.215287 6.689160 -40.36% 409,275

Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Initial Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.304385 28.653799 28.47% 337,2392016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.826508 22.304385 -6.39% 386,9672015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.319594 23.826508 2.17% 428,8782014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.728946 23.319594 -9.36% 332,4562013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.005118 25.728946 28.61% 383,8312012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.804389 20.005118 19.05% 470,4632011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.574111 16.804389 -18.32% 544,7352010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.446744 20.574111 11.53% 634,3142009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.786024 18.446744 24.76% 752,6952008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26.686355 14.786024 -44.59% 895,347

Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class 2 - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.104385 12.385543 2.32% 0

Fidelity Variable Insurance Products Fund - VIP Value Strategies Portfolio: Service Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.985348 27.018450 17.55% 32,3712016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.292563 22.985348 7.95% 38,5192015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.275383 21.292563 -4.41% 40,3392014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.174591 22.275383 5.20% 44,1872013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.462938 21.174591 28.62% 67,5452012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.136939 16.462938 25.32% 85,7792011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.616436 13.136939 -10.12% 94,5022010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.722632 14.616436 24.69% 113,7012009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.553572 11.722632 55.19% 107,3752008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.691143 7.553572 -51.86% 118,277

63

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Franklin Templeton Variable Insurance Products Trust - Franklin Founding Funds Allocation VIP Fund: Class 2 - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.979987 14.331894 10.42% 17,2532016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.630788 12.979987 11.60% 22,4232015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.577409 11.630788 -7.53% 33,0212014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.402760 12.577409 1.41% 45,2582013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.162991 12.402760 22.04% 54,2522012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.937286 10.162991 13.71% 29,4662011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.205881 8.937286 -2.92% 42,3492010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.468198 9.205881 8.71% 45,2022009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.593718 8.468198 28.43% 28,2972008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 6.593718 -34.06% 8,058

Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2 - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.679311 16.955929 8.14% 225,2252016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.945670 15.679311 12.43% 249,3932015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.217169 13.945670 -8.36% 278,3262014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.752286 15.217169 3.15% 334,8362013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.131082 14.752286 12.35% 346,0082012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.822160 13.131082 11.07% 359,7482011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.710454 11.822160 0.95% 372,1492010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.540823 11.710454 11.10% 340,1032009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.884068 10.540823 33.70% 360,6582008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.367190 7.884068 -30.64% 439,999

Franklin Templeton Variable Insurance Products Trust - Franklin Small Cap Value VIP Fund: Class 2 - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38.516534 42.024243 9.11% 28,9112016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.004228 38.516534 28.37% 30,3062015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.857486 30.004228 -8.68% 34,2262014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33.134856 32.857486 -0.84% 45,7252013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.666418 33.134856 34.33% 57,5132012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.131763 24.666418 16.73% 64,8082011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.268576 21.131763 -5.11% 81,8882010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.613557 22.268576 26.43% 113,4762009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.831043 17.613557 27.35% 90,7972008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.942246 13.831043 -33.96% 127,647

Franklin Templeton Variable Insurance Products Trust - Templeton Developing Markets VIP Fund: Class 2 - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.574241 11.871008 38.45% 80,4512016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.404213 8.574241 15.80% 51,5972015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.340420 7.404213 -20.73% 54,1052014*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.340420 -6.60% 56,467

Franklin Templeton Variable Insurance Products Trust - Templeton Foreign VIP Fund: Class 2 - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.523849 24.766222 15.06% 21,4742016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.367227 21.523849 5.68% 20,5322015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.090754 20.367227 -7.80% 24,5712014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.210902 22.090754 -12.38% 26,178

64

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2 - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.373067 9.420185 0.50% 262,4272016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.234439 9.373067 1.50% 266,6562015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.786881 9.234439 -5.64% 321,9002014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.747174 9.786881 0.41% 382,774

Goldman Sachs Variable Insurance Trust - Goldman Sachs Global Trends Allocation Fund: Service Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.201482 12.493278 11.53% 02016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.887821 11.201482 2.88% 1672015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.724461 10.887821 -7.14% 3932014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.439596 11.724461 2.49% 02013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.216034 11.439596 11.98% 1,4562012*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.216034 2.16% 0

Guggenheim Variable Funds - Multi-Hedge Strategies - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.069135 10.293377 2.23% 2,1702016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.261346 10.069135 -1.87% 1,8912015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.218121 10.261346 0.42% 3,9992014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.901832 10.218121 3.19% 1,2392013*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.901832 -0.98% 2,105

Invesco - Invesco V.I. American Franchise Fund: Series II Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.722748 18.440859 25.25% 45,8572016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.636028 14.722748 0.59% 5,6522015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.170716 14.636028 3.28% 8,7692014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.286584 14.170716 6.65% 5,9502013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.639190 13.286584 37.84% 15,8072012*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.639190 -3.61% 4,129

Invesco - Invesco V.I. Mid Cap Core Equity Fund: Series II Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.635181 15.414917 13.05% 1,1462016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.219799 13.635181 11.58% 1,1122015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.947557 12.219799 -5.62% 02014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.605778 12.947557 2.71% 182013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.951975 12.605778 26.67% 3,1412012*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.951975 -0.48% 0

Invesco - Invesco V.I. Mid Cap Growth Fund: Series II Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.753977 16.564859 20.44% 4,7562016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.869350 13.753977 -0.83% 4,1902015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.921263 13.869350 -0.37% 4,0672014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.110494 13.921263 6.18% 7,4072013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.733711 13.110494 34.69% 4,4102012*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.733711 -2.66% 7,189

65

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Ivy Variable Insurance Portfolios - Asset Strategy: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.663774 15.934950 16.62% 56,2922016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.222515 13.663774 -3.93% 80,2312015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.738069 14.222515 -9.63% 110,8212014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.848661 15.738069 -6.59% 149,2092013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.655847 16.848661 23.38% 164,5742012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.621612 13.655847 17.50% 180,2882011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.701575 11.621612 -8.50% 198,5792010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.853499 12.701575 7.15% 204,4762009*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 11.853499 18.53% 126,268

Ivy Variable Insurance Portfolios - High Income: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.495843 13.144268 5.19% 64,3642016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.907239 12.495843 14.56% 63,3672015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.831775 10.907239 -7.81% 58,8012014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.775487 11.831775 0.48% 163,6422013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.807899 11.775487 8.95% 193,2212012*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.807899 8.08% 73,053

Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.327068 16.675460 25.12% 15,4142016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.736838 13.327068 4.63% 19,5542015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.710154 12.736838 -7.10% 16,1592014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.890411 13.710154 6.36% 12,0872013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.061249 12.890411 28.12% 9,5592012*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.061249 0.61% 3,934

Janus Henderson VIT Flexible Bond Portfolio: Service Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.857161 10.045420 1.91% 23,9362016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.779457 9.857161 0.79% 27,2642015*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.779457 -2.21% 19,110

Janus Henderson VIT Forty Portfolio: Service Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.861951 20.332110 28.18% 204,4382016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.780035 15.861951 0.52% 223,1452015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.297359 15.780035 10.37% 265,5782014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.368358 14.297359 6.95% 253,4932013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.358718 13.368358 29.05% 285,6202012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.482366 10.358718 22.12% 376,0412011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.244280 8.482366 -8.24% 449,7162010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.804961 9.244280 4.99% 595,3082009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.115769 8.804961 43.97% 847,3012008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.138031 6.115769 -45.09% 722,597

66

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Janus Henderson VIT Global Technology Portfolio: Service Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.981275 12.833501 42.89% 201,1772016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.000281 8.981275 12.26% 152,3602015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.753674 8.000281 3.18% 182,7012014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.191528 7.753674 7.82% 183,7992013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.387065 7.191528 33.50% 221,0832012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.585625 5.387065 17.48% 258,2642011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.091413 4.585625 -9.93% 113,2752010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.150951 5.091413 22.66% 130,8112009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.683217 4.150951 54.70% 202,3522008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.857194 2.683217 -44.76% 224,082

Janus Henderson VIT Overseas Portfolio: Service Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.891780 12.758320 28.98% 182,7042016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.753120 9.891780 -8.01% 194,3992015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.958752 10.753120 -10.08% 229,9212014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.798396 11.958752 -13.33% 283,5762013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.245458 13.798396 12.68% 318,9892012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.973363 12.245458 11.59% 404,3102011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.447983 10.973363 -33.28% 99,2132010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.343189 16.447983 23.27% 112,2592009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.557080 13.343189 76.57% 171,0322008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.044555 7.557080 -52.90% 192,861

JPMorgan Insurance Trust - JPMorgan Insurance Trust Mid Cap Value Portfolio: Class 1 - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.437019 30.777883 12.18% 114,1242016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.260378 27.437019 13.09% 122,2732015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.276026 24.260378 -4.02% 119,3962014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.270453 25.276026 13.50% 147,1332013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.072054 22.270453 30.45% 170,8152012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.384008 17.072054 18.69% 107,6152011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.279258 14.384008 0.73% 89,4552010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.730542 14.279258 21.73% 120,1812009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.390184 11.730542 24.92% 133,1432008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.258726 9.390184 -34.14% 186,086

Lord Abbett Series Fund, Inc. - Total Return Portfolio: Class VC - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.967627 10.208209 2.41% 11,2952016*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.967627 -0.32% 4,357

MFS® Variable Insurance Trust - MFS New Discovery Series: Service Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.436526 16.737690 24.57% 12,2332016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.524759 13.436526 7.28% 14,5142015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.981137 12.524759 -3.52% 15,7332014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.232107 12.981137 -8.79% 16,8242013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.221111 14.232107 39.24% 50,5302012*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.221111 2.21% 7,957

67

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

MFS® Variable Insurance Trust - MFS Value Series: Service Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.819012 35.660763 15.71% 98,5992016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.471006 30.819012 12.19% 105,9472015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.123748 27.471006 -2.32% 94,3072014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.882444 28.123748 8.66% 108,0112013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.358837 25.882444 33.70% 123,1872012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.943327 19.358837 14.26% 136,7732011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.263936 16.943327 -1.86% 136,4672010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.743119 17.263936 9.66% 154,3772009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.039191 15.743119 20.74% 174,8242008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.662660 13.039191 -33.69% 159,310

MFS® Variable Insurance Trust II - MFS International Value Portfolio: Service Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.019269 20.031974 25.05% 100,0312016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.645110 16.019269 2.39% 105,1902015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.924020 15.645110 4.83% 102,2992014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.966396 14.924020 -0.28% 90,7052013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.892421 14.966396 25.85% 78,5572012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.404132 11.892421 14.30% 80,2742011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.742489 10.404132 -3.15% 68,1532010*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.742489 7.42% 29,077

Morgan Stanley Variable Insurance Fund, Inc. - Core Plus Fixed Income Portfolio: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.170631 13.797516 4.76% 32,9812016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.587874 13.170631 4.63% 30,5292015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.850270 12.587874 -2.04% 29,7712014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.083548 12.850270 6.35% 34,7462013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.294099 12.083548 -1.71% 27,9322012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.393500 12.294099 7.90% 31,7582011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.937141 11.393500 4.17% 44,8432010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.352730 10.937141 5.64% 64,4322009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.576107 10.352730 8.11% 58,0552008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.815830 9.576107 -11.46% 82,239

Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.347303 29.583859 8.18% 18,5222016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.086709 27.347303 9.01% 21,2472015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.729986 25.086709 -2.50% 23,6212014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.353118 25.729986 1.49% 29,2862013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.178727 25.353118 -10.03% 31,9442012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.228082 28.178727 16.31% 37,1102011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.956656 24.228082 5.54% 41,2702010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.215099 22.956656 8.21% 46,2692009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.524313 21.215099 28.39% 55,4342008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.711060 16.524313 -16.17% 71,918

Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.318677 10.341212 10.97% 35,2562016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.220270 9.318677 13.36% 34,9172015*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 8.220270 -17.80% 892

68

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Nationwide Variable Insurance Trust - American Century NVIT Multi Cap Value Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.401729 27.220070 7.16% 408,7952016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.389647 25.401729 18.76% 458,7592015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.662300 21.389647 -5.62% 502,4372014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.318544 22.662300 11.54% 599,0052013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.623287 20.318544 30.05% 655,4792012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.819345 15.623287 13.05% 775,5732011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.925107 13.819345 -0.76% 946,2342010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.446849 13.925107 11.88% 1,195,5652009*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 12.446849 24.47% 74

Nationwide Variable Insurance Trust - American Funds NVIT Asset Allocation Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.574154 17.782037 14.18% 304,9662016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.490563 15.574154 7.48% 319,9162015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.553097 14.490563 -0.43% 346,6642014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.058163 14.553097 3.52% 361,8852013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.564862 14.058163 21.56% 355,9932012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.136363 11.564862 14.09% 329,8552011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.185355 10.136363 -0.48% 344,4672010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.221689 10.185355 10.45% 377,5002009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.578222 9.221689 21.69% 354,0772008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.944829 7.578222 -30.76% 344,614

Nationwide Variable Insurance Trust - American Funds NVIT Bond Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.628721 11.834619 1.77% 113,5902016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.488878 11.628721 1.22% 129,5822015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.678990 11.488878 -1.63% 136,4012014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.283092 11.678990 3.51% 188,9402013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.745615 11.283092 -3.94% 219,8152012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.349117 11.745615 3.49% 293,9862011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.886683 11.349117 4.25% 321,3262010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.417221 10.886683 4.51% 444,3302009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.420556 10.417221 10.58% 434,8932008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.600857 9.420556 -11.13% 368,369

Nationwide Variable Insurance Trust - American Funds NVIT Global Growth Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.974195 20.628911 29.14% 136,2382016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.170109 15.974195 -1.21% 127,5202015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.392570 16.170109 5.05% 134,6962014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.329730 15.392570 0.41% 117,2232013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.085782 15.329730 26.84% 148,6822012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.040218 12.085782 20.37% 165,0332011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.227749 10.040218 -10.58% 179,7222010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.230924 11.227749 9.74% 276,6442009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.327629 10.230924 39.62% 302,6632008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.111276 7.327629 -39.50% 261,907

69

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Nationwide Variable Insurance Trust - American Funds NVIT Growth Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.611103 20.932193 26.01% 225,0162016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.446288 16.611103 7.54% 201,8952015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.719560 15.446288 4.94% 211,3462014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.814202 14.719560 6.55% 215,8582013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.809513 13.814202 27.80% 275,6092012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.338308 10.809513 15.75% 293,4962011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.936478 9.338308 -6.02% 335,8132010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.526248 9.936478 16.54% 405,9912009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.230855 8.526248 36.84% 421,4922008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.327974 6.230855 -45.00% 291,094

Nationwide Variable Insurance Trust - American Funds NVIT Growth-Income Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.605454 17.559399 20.22% 128,9902016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.333890 14.605454 9.54% 131,7392015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.377837 13.333890 -0.33% 134,2812014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.308889 13.377837 8.68% 108,0142013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.388388 12.308889 31.11% 115,3732012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.134094 9.388388 15.42% 108,9222011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.437999 8.134094 -3.60% 106,8482010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.711392 8.437999 9.42% 137,9872009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.984290 7.711392 28.86% 141,4482008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.799507 5.984290 -38.93% 80,274

Nationwide Variable Insurance Trust - BlackRock NVIT Equity Dividend Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26.984573 31.314335 16.05% 30,2282016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.276193 26.984573 15.93% 37,3412015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.252027 23.276193 -7.82% 46,5662014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.511832 25.252027 7.40% 55,0772013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.624183 23.511832 33.41% 66,2602012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.126390 17.624183 16.51% 52,1112011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.742066 15.126390 -3.91% 52,3792010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.829387 15.742066 13.83% 42,6422009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.934663 13.829387 26.47% 58,3942008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.664922 10.934663 -38.10% 71,150

Nationwide Variable Insurance Trust - BlackRock NVIT Managed Global Allocation Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.417005 10.997228 16.78% 4,3302016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.274464 9.417005 1.54% 0

Nationwide Variable Insurance Trust - Federated NVIT High Income Bond Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.080067 23.242903 5.27% 90,0762016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.615821 22.080067 12.56% 79,1252015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.426952 19.615821 -3.97% 120,0672014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.201762 20.426952 1.11% 90,219

70

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.441230 17.778837 23.11% 1,425,7582016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.892095 14.441230 12.02% 1,618,2762015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.217866 12.892095 -2.46% 1,809,0382014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.575615 13.217866 5.11% 1,998,2242013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.868107 12.575615 41.81% 2,288,2332012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.691254 8.868107 15.30% 2,695,0102011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.825688 7.691254 -12.85% 3,307,9662010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.742536 8.825688 13.99% 3,830,7232009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.133661 7.742536 50.82% 4,615,9462008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 5.133661 -48.66% 1,305

Nationwide Variable Insurance Trust - Neuberger Berman NVIT Multi Cap Opportunities Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.259000 17.541204 23.02% 3,6032016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.735992 14.259000 11.96% 36

Nationwide Variable Insurance Trust - Neuberger Berman NVIT Socially Responsible Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.162933 18.904587 16.96% 16,2942016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.886489 16.162933 8.57% 15,8192015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.146916 14.886489 -1.72% 21,0142014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.889330 15.146916 9.05% 23,5202013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.151205 13.889330 36.82% 45,6192012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.233874 10.151205 9.93% 21,8152011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.672275 9.233874 -4.53% 27,6382010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.937739 9.672275 21.85% 37,2522009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.120401 7.937739 29.69% 25,3892008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 6.120401 -38.80% 29,448

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Aggressive Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.203291 15.596576 18.13% 21,6712016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.356765 13.203291 6.85% 21,5522015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.755942 12.356765 -3.13% 20,7122014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.380335 12.755942 3.03% 23,0302013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.697646 12.380335 27.66% 22,6452012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.467819 9.697646 14.52% 17,7772011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.172909 8.467819 -7.69% 18,5082010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.092734 9.172909 13.35% 17,4342009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.352856 8.092734 27.39% 13,9712008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 6.352856 -36.47% 19,800

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Balanced Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.865962 14.215221 10.49% 77,3462016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.297011 12.865962 4.63% 81,7842015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.605143 12.297011 -2.44% 101,0252014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.257368 12.605143 2.84% 117,9832013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.842213 12.257368 13.05% 122,9932012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.901343 10.842213 9.50% 125,0092011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.178550 9.901343 -2.72% 88,2092010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.350064 10.178550 8.86% 95,7572009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.914141 9.350064 18.14% 56,6192008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 7.914141 -20.86% 51,443

71

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Capital Appreciation Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.225621 15.102205 14.19% 18,4092016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.497841 13.225621 5.82% 18,4892015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.845981 12.497841 -2.71% 63,7282014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.443839 12.845981 3.23% 67,9072013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.409028 12.443839 19.55% 30,9062012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.289782 10.409028 12.05% 28,4172011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.757848 9.289782 -4.80% 25,7452010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.805424 9.757848 10.82% 36,6542009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.192456 8.805424 22.43% 21,8982008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 7.192456 -28.08% 5,395

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Conservative Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.997916 12.582629 4.87% 62,2792016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.631259 11.997916 3.15% 65,0302015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.883626 11.631259 -2.12% 65,0012014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.663208 11.883626 1.89% 70,3122013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.272747 11.663208 3.46% 83,7992012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.635656 11.272747 5.99% 113,8782011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.636271 10.635656 -0.01% 129,6322010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.100382 10.636271 5.31% 97,5562009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.063670 10.100382 11.44% 91,1592008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.063670 -9.36% 24,518

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth & Income Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.713871 12.124200 13.16% 7,4832016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.293601 10.713871 4.08% 02015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.908143 10.293601 -5.63% 292014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.818515 10.908143 0.83% 512013*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.818515 8.19% 0

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Managed Growth Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.719582 12.450432 16.15% 2,0512016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.235508 10.719582 4.73% 02015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.913038 10.235508 -6.21% 02014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.956949 10.913038 -0.40% 02013*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.956949 9.57% 0

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderate Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.078748 14.697639 12.38% 122,1442016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.426494 13.078748 5.25% 139,4272015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.738720 12.426494 -2.45% 121,3132014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.354957 12.738720 3.11% 118,8792013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.636554 12.354957 16.16% 122,8682012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.600365 10.636554 10.79% 107,2922011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.968937 9.600365 -3.70% 108,2822010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.078170 9.968937 9.81% 95,8642009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.550034 9.078170 20.24% 54,5582008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 7.550034 -24.50% 29,532

72

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Aggressive Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.163173 15.324711 16.42% 9,1142016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.407658 13.163173 6.09% 10,0492015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.776465 12.407658 -2.89% 12,1542014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.392557 12.776465 3.10% 36,6512013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.113294 12.392557 22.54% 59,0932012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.951550 10.113294 12.98% 59,0832011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.523283 8.951550 -6.00% 62,6632010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.523825 9.523283 11.73% 74,1232009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.829631 8.523825 24.81% 31,4212008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 6.829631 -31.70% 13,513

Nationwide Variable Insurance Trust - NVIT Cardinal(SM) Moderately Conservative Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.668439 13.726433 8.35% 46,2072016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.120834 12.668439 4.52% 50,4062015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.425283 12.120834 -2.45% 52,8542014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.107456 12.425283 2.63% 55,3762013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.038758 12.107456 9.68% 58,7622012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.174002 11.038758 8.50% 64,2722011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.346130 10.174002 -1.66% 68,5962010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.623621 10.346130 7.51% 65,3842009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.293877 9.623621 16.03% 58,3542008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 8.293877 -17.06% 208

Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.689056 13.062011 2.94% 71,0192016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.215655 12.689056 3.88% 74,6092015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.478981 12.215655 -2.11% 68,9672014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.047147 12.478981 3.58% 71,7462013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.456312 12.047147 -3.28% 63,5462012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.724510 12.456312 6.24% 89,5682011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.154881 11.724510 5.11% 81,2712010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.567560 11.154881 5.56% 66,1092009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.852148 10.567560 7.26% 80,2862008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.852148 -1.48% 3,767

Nationwide Variable Insurance Trust - NVIT Core Plus Bond Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.270936 13.578570 2.32% 37,0982016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.024363 13.270936 1.89% 34,1252015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.277968 13.024363 -1.91% 39,6902014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.839722 13.277968 3.41% 45,1722013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.294413 12.839722 -3.42% 47,3802012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.587652 13.294413 5.61% 72,8262011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.037904 12.587652 4.57% 75,0872010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.292531 12.037904 6.60% 57,3842009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.836146 11.292531 14.81% 69,4782008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.836146 -1.64% 1,029

Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.084869 14.047338 16.24% 2,9062016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.003026 12.084869 9.83% 92015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.523280 11.003026 -4.51% 0

73

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Nationwide Variable Insurance Trust - NVIT DFA Moderate Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.623315 13.046346 12.24% 4,7072016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.837535 11.623315 7.25% 2,9682015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.188505 10.837535 -3.14% 2,931

Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.427770 25.711980 39.53% 61,8962016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.349859 18.427770 6.21% 69,9852015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.946977 17.349859 -17.17% 85,0772014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.482440 20.946977 -6.83% 91,5422013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.632906 22.482440 -0.66% 4,1822012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.583210 22.632906 15.57% 4,3552011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.585692 19.583210 -23.46% 9,8722010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.335735 25.585692 14.55% 10,8552009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.870698 22.335735 61.03% 11,9782008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33.307042 13.870698 -58.36% 14,323

Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.974897 21.113122 0.66% 594,8342016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.115294 20.974897 -0.66% 659,6202015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.438423 21.115294 -1.51% 735,3042014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.792772 21.438423 3.11% 858,7922013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.979394 20.792772 -5.40% 972,9922012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.631021 21.979394 1.61% 1,227,2642011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.453394 21.631021 5.76% 1,494,3772010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.797125 20.453394 3.31% 1,628,0112009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.552553 19.797125 1.25% 1,924,4972008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.409051 19.552553 6.21% 2,440,637

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.566497 12.443260 -0.98% 2,073,5482016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.743459 12.566497 -1.39% 2,560,3902015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.924399 12.743459 -1.40% 2,710,4982014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.107907 12.924399 -1.40% 2,760,4992013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.294018 13.107907 -1.40% 2,818,3662012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.483293 13.294018 -1.40% 3,408,5112011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.674202 13.483293 -1.40% 4,222,4472010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.868334 13.674202 -1.40% 3,916,2842009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.059346 13.868334 -1.36% 4,986,7622008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.972032 14.059346 0.62% 7,770,757

Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.883151 16.190789 25.67% 390,8492016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.953023 12.883151 -0.54% 434,1642015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.551230 12.953023 -4.41% 493,1492014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.805555 13.551230 -1.84% 559,8502013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.882533 13.805555 16.18% 2,1332012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.424572 11.882533 13.99% 2,1332011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.716421 10.424572 -11.03% 2,1332010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.488624 11.716421 11.71% 2,1332009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.200240 10.488624 27.91% 4,4292008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.417748 8.200240 -46.81% 4,806

74

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Nationwide Variable Insurance Trust - NVIT International Index Fund: Class VIII - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.402483 11.538635 22.72% 69,7642016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.486013 9.402483 -0.88% 48,9422015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.756230 9.486013 -2.77% 56,0932014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.547416 9.756230 -7.50% 43,9072013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.839774 10.547416 19.32% 33,3492012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.584319 8.839774 16.55% 25,7742011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.825898 7.584319 -14.07% 27,1992010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.334511 8.825898 5.90% 24,7582009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.572504 8.334511 26.81% 52,8952008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.713296 6.572504 -43.89% 36,193

Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.139296 23.517910 16.78% 44,4802016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.657959 20.139296 7.94% 45,6122015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.113658 18.657959 -2.38% 47,2232014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.464529 19.113658 3.52% 52,3572013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.716704 18.464529 25.47% 56,5882012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.878109 14.716704 14.28% 63,7162011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.595059 12.878109 -5.27% 169,6572010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.028363 13.595059 13.03% 248,9332009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.590102 12.028363 25.42% 272,2692008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.400568 9.590102 -37.73% 318,378

Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.938376 17.465153 9.58% 46,8952016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.205699 15.938376 4.82% 56,1012015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.448431 15.205699 -1.57% 56,5992014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.980860 15.448431 3.12% 50,3942013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.395360 14.980860 11.84% 24,1562012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.420224 13.395360 7.85% 50,6022011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.485749 12.420224 -0.52% 40,9112010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.531239 12.485749 8.28% 11,5912009*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 11.531239 15.31% 3,682

Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.386678 20.814777 13.21% 4,2012016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.307540 18.386678 6.24% 1,9132015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.647147 17.307540 -1.92% 5,9342014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.011103 17.647147 3.74% 8,6722013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.437980 17.011103 17.82% 5,5672012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.045391 14.437980 10.67% 2,8422011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.355194 13.045391 -2.32% 1,9322010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.090220 13.355194 10.46% 5582009*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 12.090220 20.90% 0

75

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.220117 14.818378 4.21% 155,7942016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.831726 14.220117 2.81% 161,4512015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.991080 13.831726 -1.14% 195,4472014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.658383 13.991080 2.44% 207,7362013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.213856 13.658383 3.36% 215,8862012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.742431 13.213856 3.70% 253,0262011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.554982 12.742431 1.49% 331,2062010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.024651 12.554982 4.41% 357,4762009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.179749 12.024651 7.56% 392,3312008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.065159 11.179749 -7.34% 384,467

Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.702074 12.033298 12.44% 1,4872016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.267575 10.702074 4.23% 1,5752015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.762189 10.267575 -4.60% 1,6722014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.653372 10.762189 1.02% 02013*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.653372 6.53% 0

Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.760883 12.410534 15.33% 4272016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.203997 10.760883 5.46% 5662015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.775041 10.203997 -5.30% 7512014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.741803 10.775041 0.31% 9332013*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.741803 7.42% 0

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.773029 19.790314 11.35% 301,2962016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.823029 17.773029 5.65% 357,9392015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.119195 16.823029 -1.73% 425,5052014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.507013 17.119195 3.71% 482,1602013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.354555 16.507013 14.99% 523,3412012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.138332 14.354555 9.26% 562,8022011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.329878 13.138332 -1.44% 685,8612010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.188811 13.329878 9.36% 788,5162009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.376310 12.188811 17.47% 918,4312008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.702051 10.376310 -24.27% 1,063,963

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.291583 22.194922 15.05% 125,4302016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.035104 19.291583 6.97% 99,0212015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.425665 18.035104 -2.12% 137,7632014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.804702 18.425665 3.49% 146,3622013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.755526 17.804702 20.66% 184,3482012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.155324 14.755526 12.16% 215,9162011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.631623 13.155324 -3.49% 247,4852010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.252537 13.631623 11.26% 272,0312009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.989754 12.252537 22.65% 352,8072008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.767442 9.989754 -32.35% 473,062

76

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.257507 17.507143 7.69% 137,7502016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.598163 16.257507 4.23% 164,5742015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.824478 15.598163 -1.43% 197,9252014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.322942 15.824478 3.27% 226,7672013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.064436 15.322942 8.95% 266,6732012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.203082 14.064436 6.52% 301,6492011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.119542 13.203082 0.64% 298,6742010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.261505 13.119542 7.00% 292,3942009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.854964 12.261505 12.96% 329,6102008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.958668 10.854964 -16.23% 437,169

Nationwide Variable Insurance Trust - NVIT Large Cap Growth Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.972218 30.093668 25.54% 3,498,8262016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.459513 23.972218 2.19% 3,895,3342015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.639583 23.459513 3.62% 4,008,2112014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.103926 22.639583 7.28% 4,457,8332013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.656863 21.103926 34.79% 4,998,5432012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.379633 15.656863 17.02% 5,866,6332011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.879239 13.379633 -3.60% 6,860,0032010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.937705 13.879239 7.28% 8,392,1062009*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 12.937705 29.38% 15,950

Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.750314 35.105443 14.16% 214,3032016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.925583 30.750314 18.61% 226,3482015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26.977373 25.925583 -3.90% 250,9362014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.004859 26.977373 7.89% 283,4092013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.060601 25.004859 31.19% 310,3312012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.456423 19.060601 15.82% 353,4582011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.125332 16.456423 -3.91% 423,9602010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.762331 17.125332 24.44% 511,4852009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.206339 13.762331 34.84% 574,1212008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.292154 10.206339 -37.35% 725,506

Nationwide Variable Insurance Trust - NVIT Multi Sector Bond Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.119421 18.997648 4.85% 106,2302016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.913513 18.119421 7.13% 105,7892015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.664212 16.913513 -4.25% 118,8492014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.245278 17.664212 2.43% 139,3242013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.689046 17.245278 -2.51% 149,0292012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.982935 17.689046 10.67% 200,6842011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.357303 15.982935 4.07% 212,1892010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.084147 15.357303 9.04% 255,3632009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.484237 14.084147 22.64% 305,4402008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.082354 11.484237 -18.45% 314,106

Nationwide Variable Insurance Trust - NVIT Multi-Manager International Growth Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.186511 11.392877 24.02% 597,8192016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.518555 9.186511 -3.49% 679,4042015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.701386 9.518555 -1.88% 769,7702014*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.701386 -2.99% 905,108

77

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.755668 10.612653 21.21% 105,4012016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.438681 8.755668 3.76% 128,3922015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.020295 8.438681 -6.45% 146,8622014*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.020295 -9.80% 153,914

Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Growth Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.003277 19.262231 28.39% 113,9362016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.889658 15.003277 0.76% 122,1192015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.599663 14.889658 1.99% 144,2932014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.407747 14.599663 8.89% 151,2062013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.091991 13.407747 32.86% 158,2652012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.796906 10.091991 14.72% 170,0732011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.188587 8.796906 -4.26% 214,9952010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.067649 9.188587 13.89% 261,0292009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.304802 8.067649 27.96% 118,2602008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 6.304802 -36.95% 15

Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.912110 20.229689 12.94% 76,7772016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.612995 17.912110 14.73% 66,0532015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.349912 15.612995 -4.51% 87,0282014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.003932 16.349912 8.97% 93,1482013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.235257 15.003932 33.54% 113,2392012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.672458 11.235257 16.16% 75,9792011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.416860 9.672458 -7.15% 90,6842010*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.416860 4.17% 94,191

Nationwide Variable Insurance Trust - NVIT Multi-Manager Large Cap Value Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.866940 16.764728 12.77% 9,2092016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.992704 14.866940 14.43% 10,1312015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.646136 12.992704 -4.79% 16,0992014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.553952 13.646136 8.70% 16,8762013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.429299 12.553952 33.14% 16,9912012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.132803 9.429299 15.94% 18,2492011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.783164 8.132803 -7.40% 23,8722010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.900785 8.783164 11.17% 46,3592009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.289031 7.900785 25.63% 63,3432008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 6.289031 -37.11% 8,274

Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Growth Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.145152 19.076041 25.95% 1,406,5062016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.426844 15.145152 4.98% 1,511,4072015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.658829 14.426844 -1.58% 1,761,6102014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.290362 14.658829 2.58% 1,987,5772013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.430873 14.290362 37.00% 2,241,7302012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.207097 10.430873 13.29% 2,616,3672011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.749946 9.207097 -5.57% 3,086,1142010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.797173 9.749946 25.04% 3,678,9062009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.220733 7.797173 25.34% 4,272,0602008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 6.220733 -37.79% 10,511

78

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.235158 21.591403 12.25% 1,727,9372016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.588905 19.235158 15.95% 1,889,6192015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.324375 16.588905 -4.25% 2,097,1502014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.014820 17.324375 15.38% 2,314,2562013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.223612 15.014820 33.78% 2,574,1262012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.784057 11.223612 14.71% 2,878,1852011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.158513 9.784057 -3.69% 3,294,6922010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.611937 10.158513 17.96% 3,791,9422009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.694455 8.611937 28.64% 4,591,2572008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 6.694455 -33.06% 19,025

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.126229 13.705462 23.18% 74,2752016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.418524 11.126229 6.79% 98,2232015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.487176 10.418524 -0.65% 102,0932014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.345221 10.487176 1.37% 100,7282013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.271488 10.345221 42.27% 128,5222012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.501344 7.271488 11.85% 129,5052011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.636495 6.501344 -2.04% 183,8922010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.365291 6.636495 23.69% 258,9442009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.269126 5.365291 25.68% 221,0942008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.081087 4.269126 -47.17% 191,644

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.098871 43.122588 7.54% 181,6472016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.292351 40.098871 24.17% 201,4232015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34.849735 32.292351 -7.34% 224,0992014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33.025483 34.849735 5.52% 251,0922013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.856150 33.025483 38.44% 289,9382012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.088484 23.856150 18.76% 353,1222011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.461339 20.088484 -6.40% 408,2472010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.191948 21.461339 24.83% 494,3832009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.814556 17.191948 24.45% 560,1902008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.650698 13.814556 -33.10% 697,071

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62.964374 70.459174 11.90% 295,2412016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51.986240 62.964374 21.12% 329,1932015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53.600910 51.986240 -3.01% 367,9872014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53.922479 53.600910 -0.60% 413,3022013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38.811246 53.922479 38.94% 460,0332012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34.080251 38.811246 13.88% 535,7132011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36.597651 34.080251 -6.88% 621,0312010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.617757 36.597651 23.57% 728,1682009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.299814 29.617757 32.82% 871,8862008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36.590607 22.299814 -39.06% 1,039,763

79

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Nationwide Variable Insurance Trust - NVIT Nationwide Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39.666657 47.140264 18.84% 605,4022016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36.115123 39.666657 9.83% 672,9242015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36.288478 36.115123 -0.48% 764,9822014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.817142 36.288478 10.58% 865,8772013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.387073 32.817142 29.27% 976,4902012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.543882 25.387073 12.61% 1,123,4942011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.743052 22.543882 -0.88% 1,343,0512010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.331264 22.743052 11.86% 1,537,1042009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.352495 20.331264 24.33% 1,794,0302008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.377402 16.352495 -42.37% 2,153,127

Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.161916 14.871485 5.01% 959,6952016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.379244 14.161916 5.85% 1,079,4652015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.337324 13.379244 -6.68% 1,193,4582014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.282015 14.337324 27.08% 1,372,4102013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.104067 11.282015 1.60% 1,423,8252012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.726579 11.104067 14.16% 1,709,1432011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.262269 9.726579 5.01% 1,956,0992010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.215778 9.262269 28.36% 2,246,7292009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.593521 7.215778 29.00% 2,515,7282008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 5.593521 -44.06% 45,562

Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.250089 17.033442 19.53% 173,7612016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.973398 14.250089 9.84% 151,2062015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.034700 12.973398 -0.47% 148,5812014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.690929 13.034700 11.49% 111,8792013*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 11.690929 16.91% 48,790

Nationwide Variable Insurance Trust - NVIT Short Term Bond Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.402485 10.419228 0.16% 160,3352016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.293303 10.402485 1.06% 148,2112015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.475188 10.293303 -1.74% 140,0722014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.571704 10.475188 -0.91% 122,2542013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.710524 10.571704 -1.30% 119,4132012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.493248 10.710524 2.07% 114,9542011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.505471 10.493248 -0.12% 134,1952010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.402907 10.505471 0.99% 146,5512009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.850295 10.402907 5.61% 225,9472008*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.850295 -1.50% 24,769

Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.474102 16.295948 12.59% 22,9272016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.144406 14.474102 19.18% 18,8132015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.949016 12.144406 -6.21% 11,8472014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.561167 12.949016 3.09% 11,4022013*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 12.561167 25.61% 7,368

80

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Nationwide Variable Insurance Trust - Templeton NVIT International Value Fund: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.963642 16.896703 21.00% 22,5232016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.005178 13.963642 -0.30% 11,6652015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.780942 14.005178 -5.25% 13,0572014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.320458 14.780942 -9.43% 10,5172013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.782602 16.320458 18.41% 10,9462012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.691392 13.782602 17.89% 12,2712011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.539657 11.691392 -13.65% 11,3152010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.912369 13.539657 4.86% 11,8392009*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 12.912369 29.12% 21,385

Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: Class S - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.929896 37.989371 22.82% 6,2142016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.114585 30.929896 2.71% 6,0062015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.241328 30.114585 -0.42% 14,745

Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.722079 14.645903 -0.52% 323,6942016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.750697 14.722079 -0.19% 345,8382015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.932699 14.750697 -1.22% 356,0672014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.052909 14.932699 -0.80% 408,6202013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.173059 15.052909 -0.79% 465,9882012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.711539 15.173059 3.14% 505,6172011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.876889 14.711539 -1.11% 555,7032010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.330726 14.876889 3.81% 650,6032009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.824997 14.330726 11.74% 751,7712008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.024784 12.824997 -14.64% 863,733

Neuberger Berman Advisers Management Trust - Socially Responsive Portfolio: Class I - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26.406337 30.836313 16.78% 20,6182016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.376241 26.406337 8.33% 23,7312015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.837508 24.376241 -1.86% 26,3302014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.820925 24.837508 8.84% 34,6382013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.819961 22.820925 35.68% 55,1882012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.371607 16.819961 9.42% 31,5892011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.084912 15.371607 -4.43% 39,9062010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.278354 16.084912 21.14% 50,7762009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.246719 13.278354 29.59% 39,0422008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.161420 10.246719 -40.29% 35,278

Oppenheimer Variable Account Funds - Oppenheimer Conservative Balanced Fund/VA: Non-Service Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.970013 27.976623 7.73% 302,1162016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.021741 25.970013 3.79% 334,7492015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.167759 25.021741 -0.58% 372,2902014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.591154 25.167759 6.68% 406,0772013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.141819 23.591154 11.59% 452,3622012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.087261 21.141819 10.76% 515,8102011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.219309 19.087261 -0.69% 639,1732010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.262653 19.219309 11.33% 739,2832009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.363149 17.262653 20.19% 899,6102008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.770186 14.363149 -44.26% 1,114,001

81

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Oppenheimer Variable Account Funds - Oppenheimer Discovery Mid Cap Growth Fund/VA: Non-Service Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.032215 11.470384 26.99% 143,6862016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.951160 9.032215 0.91% 142,2402015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.515695 8.951160 5.11% 152,7662014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.164370 8.515695 4.30% 143,2822013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.089116 8.164370 34.08% 179,8252012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.303505 6.089116 14.81% 238,4362011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.320360 5.303505 -0.32% 308,1232010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.233182 5.320360 25.68% 287,7372009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.237594 4.233182 30.75% 272,6182008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.447049 3.237594 -49.78% 299,854

Oppenheimer Variable Account Funds - Oppenheimer Global Fund/VA: Non-Service Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52.089290 70.194437 34.76% 616,0982016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52.783628 52.089290 -1.32% 673,6752015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51.501854 52.783628 2.49% 765,8772014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51.062658 51.501854 0.86% 855,8822013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.679163 51.062658 25.53% 777,1182012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34.023027 40.679163 19.56% 886,7672011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37.624400 34.023027 -9.57% 1,048,9342010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.904933 37.624400 14.34% 1,202,4272009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.876159 32.904933 37.82% 1,398,9942008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.486773 23.876159 -41.03% 1,670,252

Oppenheimer Variable Account Funds - Oppenheimer Global Strategic Income Fund/VA: Non-Service Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.263238 10.754715 4.79% 54,4752016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.770259 10.263238 5.05% 61,2512015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.138168 9.770259 -3.63% 48,5832014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.998294 10.138168 1.40% 45,0382013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.153699 9.998294 -1.53% 40,3092012*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.153699 1.54% 14,738

Oppenheimer Variable Account Funds - Oppenheimer Main Street Fund®/VA: Non-Service Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.613762 19.151960 15.28% 136,8082016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.095348 16.613762 10.06% 141,3462015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.816537 15.095348 1.88% 141,0812014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.574031 14.816537 9.15% 160,4162013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.447233 13.574031 29.93% 174,7432012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.066291 10.447233 15.23% 199,9342011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.196085 9.066291 -1.41% 227,5932010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.032678 9.196085 14.48% 262,3522009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.350476 8.032678 26.49% 314,5782008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.467753 6.350476 -39.33% 365,991

82

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

Oppenheimer Variable Account Funds - Oppenheimer Main Street Small Cap Fund®/VA: Non-Service Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.271816 20.567258 12.56% 91,4592016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.696760 18.271816 16.41% 94,9012015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.917657 15.696760 -7.22% 84,3922014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.328616 16.917657 10.37% 96,3422013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.024374 15.328616 39.04% 120,2282012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.476668 11.024374 16.33% 73,7702011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.828402 9.476668 -3.58% 83,5202010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.077252 9.828402 21.68% 63,9322009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.971012 8.077252 35.27% 88,2302008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.740855 5.971012 -38.70% 71,836

Oppenheimer Variable Account Funds - Oppenheimer Total Return Bond Fund/VA: Non-Service Shares - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.821657 16.316173 3.13% 401,4222016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.537590 15.821657 1.83% 455,6212015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.608211 15.537590 -0.45% 530,1652014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.757626 15.608211 5.76% 591,7672013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.982023 14.757626 -1.50% 673,0892012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.777339 14.982023 8.74% 819,7712011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.905532 13.777339 6.76% 965,8932010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.747715 12.905532 9.86% 1,135,6472009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.869611 11.747715 8.08% 1,308,9032008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.086956 10.869611 -39.90% 1,608,610

PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.347636 11.568210 11.80% 26,9832016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.294660 10.347636 11.33% 32,3972015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.380393 9.294660 -10.46% 21,0622014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.480118 10.380393 -0.95% 25,7162013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.617321 10.480118 -1.29% 31,9562012*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.617321 6.17% 33,823

PIMCO Variable Insurance Trust - Foreign Bond Portfolio (Unhedged): Advisor Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.994491 12.004733 9.19% 17,9802016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.835564 10.994491 1.47% 18,5702015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.838901 10.835564 -8.47% 16,8212014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.970971 11.838901 -1.10% 27,8512013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.994281 11.970971 -7.88% 27,6692012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.523974 12.994281 3.76% 43,4752011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.715321 12.523974 6.90% 68,0922010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.863506 11.715321 7.84% 64,5252009*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.863506 8.64% 25,926

83

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.367019 11.348665 -0.16% 230,2322016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.379469 11.367019 -0.11% 232,6152015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.516995 11.379469 -1.19% 237,2142014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.593767 11.516995 -0.66% 252,4462013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.785758 11.593767 -1.63% 264,2542012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.303572 11.785758 4.27% 279,5132011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.349250 11.303572 -0.40% 328,9592010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.942921 11.349250 3.71% 312,5862009*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.942921 9.43% 193,993

PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.107944 10.196573 0.88% 73,7612016*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.107944 1.08% 14,878

PIMCO Variable Insurance Trust - Total Return Portfolio: Advisor Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.713713 11.073007 3.35% 139,5982016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.591772 10.713713 1.15% 142,5682015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.706236 10.591772 -1.07% 154,4062014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.423839 10.706236 2.71% 150,0132013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.793451 10.423839 -3.42% 189,0752012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.997303 10.793451 7.96% 295,5382011*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.997303 -0.03% 130,524

Putnam Variable Trust - Putnam VT International Equity Fund: Class IB - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.289681 21.579868 24.81% 1,0642016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.975499 17.289681 -3.82% 0

T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.771653 34.861674 25.53% 216,2942016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31.545211 27.771653 -11.96% 250,6042015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.445811 31.545211 10.90% 318,8252014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.984956 28.445811 29.39% 384,1242013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.813993 21.984956 48.41% 343,3102012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.469343 14.813993 29.16% 241,9872011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.537474 11.469343 8.84% 155,8222010*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 10.537474 5.37% 15,508

VanEck VIP Trust - Global Hard Assets Fund: Class S - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.709997 7.452477 -3.34% 91,2862016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.452194 7.709997 41.41% 138,7962015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.331203 5.452194 -34.56% 74,3362014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.476472 8.331203 -20.48% 63,2442013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.633425 10.476472 8.75% 59,0222012*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.000000 9.633425 -3.67% 54,849

84

No Additional Contract Options Elected Total - 1.40%Variable account charges of the daily net assets of the variable account - 1.40%

Period Beginning Value Ending Value Percentage Change Units

VanEck VIP Trust - VanEck VIP Emerging Markets Fund: Initial Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.306470 31.731144 48.93% 180,5582016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.586015 21.306470 -1.30% 197,1632015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.454313 21.586015 -15.20% 225,0792014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.923327 25.454313 -1.81% 250,8742013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.470197 25.923327 10.45% 276,0282012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.337943 23.470197 27.99% 320,3582011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.043811 18.337943 -26.78% 228,5062010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.024447 25.043811 25.07% 263,8932009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.526562 20.024447 110.20% 289,6192008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.433904 9.526562 -65.27% 350,040

VanEck VIP Trust - VanEck VIP Global Hard Assets Fund: Initial Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.023052 31.039799 -3.07% 94,4802016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.598576 32.023052 41.70% 108,9632015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34.438612 22.598576 -34.38% 121,8482014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43.176326 34.438612 -20.24% 148,0902013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39.616226 43.176326 8.99% 169,5482012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38.864131 39.616226 1.94% 230,8252011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47.175965 38.864131 -17.62% 158,2632010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37.021740 47.175965 27.43% 180,4142009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.834357 37.021740 55.33% 216,3082008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44.869807 23.834357 -46.88% 257,200

VanEck VIP Trust - VanEck VIP Unconstrained Emerging Markets Bond Fund: Initial Class - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.278988 20.230793 10.68% 130,1132016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.419084 18.278988 4.94% 138,2762015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.326660 17.419084 -14.30% 156,7532014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.174574 20.326660 0.75% 172,1262013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.526477 20.174574 -10.44% 190,0232012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.645815 22.526477 4.07% 221,7562011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.299892 21.645815 6.63% 157,6682010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.386820 20.299892 4.71% 174,7692009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.552398 19.386820 4.50% 195,0322008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.160623 18.552398 2.16% 245,575

Wells Fargo Variable Trust - VT Small Cap Growth Fund: Class 2 - Q/NQ2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.042962 29.837650 24.10% 18,8262016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.630296 24.042962 6.24% 23,7422015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.632868 22.630296 -4.24% 27,6962014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.427127 23.632868 -3.25% 25,7912013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.490517 24.427127 48.13% 52,0122012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.504809 16.490517 6.36% 39,1612011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.482161 15.504809 -5.93% 45,8692010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.185820 16.482161 25.00% 76,6982009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.760944 13.185820 50.51% 85,769

85

Appendix C: Contract Types and Tax Information

Types of Contracts

The contracts described in this prospectus are classified according to the tax treatment to which they are subject underthe Internal Revenue Code (the �Code�). Following is a general description of the various contract types. Eligibilityrequirements, tax benefits (if any), limitations, and other features of the contracts will differ depending on contract type.

Non-Qualified Contracts

A non-qualified contract is a contract that does not qualify for certain tax benefits under the Code, such as deductibility ofpurchase payments, and which is not an IRA, Roth IRA, SEP IRA, Simple IRA, or tax sheltered annuity.

Upon the death of the owner of a non-qualified contract, mandatory distribution requirements are imposed to ensuredistribution of the entire balance in the contract within a required period.

Non-qualified contracts that are owned by natural persons allow the deferral of taxation on the income earned in thecontract until it is distributed or deemed to be distributed. Non-qualified contracts that are owned by non-natural persons,such as trusts, corporations, and partnerships are generally subject to current income tax on the income earned inside thecontract, unless the non-natural person owns the contract as an agent of a natural person.

Charitable Remainder Trusts

Charitable Remainder Trusts are trusts that meet the requirements of Section 664 of the Code. Non-Qualified Contractsthat are issued to Charitable Remainder Trusts will differ from other Non-Qualified Contracts in three respects:

(1) Waiver of sales charges. In addition to any sales load waivers included in the contract, Charitable RemainderTrusts may also withdraw the difference between:

(a) the contract value on the day before the withdrawal; and

(b) the total amount of purchase payments made to the contract (less an adjustment for amounts surrendered).

(2) Contract ownership at annuitization. On the annuitization date, if the contract owner is a Charitable RemainderTrust, the Charitable Remainder Trust will continue to be the contract owner and the annuitant will NOT becomethe contract owner.

(3) Recipient of death benefit proceeds. With respect to the death benefit proceeds, if the contract owner is aCharitable Remainder Trust, the death benefit is payable to the Charitable Remainder Trust. Any designation inconflict with the Charitable Remainder Trust’s right to the death benefit will be void.

While these provisions are intended to facilitate a Charitable Remainder Trust’s ownership of this contract, the rulesgoverning Charitable Remainder Trusts are numerous and complex. A Charitable Remainder Trust that is consideringpurchasing this contract should seek the advice of a qualified tax and/or financial advisor prior to purchasing the contract.An annuity that has a Charitable Remainder Trust endorsement is not a Charitable Remainder Trust; the endorsement ismerely to facilitate ownership of the contract by a Charitable Remainder Trust.

Individual Retirement Annuities (IRAs)

IRAs are contracts that satisfy the provisions of Section 408(b) of the Code, including the following requirements:

• the contract is not transferable by the owner;

• the premiums are not fixed;

• if the contract owner is younger than age 50, the annual premium cannot exceed $5,500; if the contract owner isage 50 or older, the annual premium cannot exceed $6,500 (although rollovers of greater amounts from QualifiedPlans, Tax Sheltered Annuities, certain 457 governmental plans, and other IRAs can be received);

• certain minimum distribution requirements must be satisfied after the owner attains the age of 70½;

• the entire interest of the owner in the contract is nonforfeitable; and

• after the death of the owner, additional distribution requirements may be imposed to ensure distribution of theentire balance in the contract within the statutory period of time.

Depending on the circumstance of the owner, all or a portion of the contributions made to the account may be deductedfor federal income tax purposes.

86

IRAs may receive rollover contributions from other individual retirement accounts, other individual retirement annuities, taxsheltered annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).

When the owner of an IRA attains the age of 70½, the Code requires that certain minimum distributions be made. Inaddition, upon the death of the owner of an IRA, mandatory distribution requirements are imposed by the Code to ensuredistribution of the entire contract value within the required statutory period. Due to recent changes in TreasuryRegulations, the amount used to compute the mandatory distributions may exceed the contract value.

Failure to make the mandatory distributions can result in an additional penalty tax of 50% of the excess of the amountrequired to be distributed over the amount that was actually distributed.

For further details regarding IRAs, refer to the disclosure statement provided when the IRA was established and theannuity contract’s IRA endorsement.

As used herein, the term �individual retirement plans� shall refer to both individual retirement annuities and individualretirement accounts that are described in Section 408 of the Code.

One-Rollover-Per-Year Limitation

A contract owner can receive a distribution from an IRA and roll it into another IRA within 60 days from the date of thedistribution and not have the amount of the distribution included in taxable income. Only one rollover per year from acontract owner’s IRA is allowed. The one year period begins on the date the contract owner receives the IRA distribution,and not on the date the IRA was rolled over. The Internal Revenue Service (�IRS�) has interpreted this one-rollover-per-year limitation as applying separately to each IRA a contract owner owns.

However, on March 20, 2014, the IRS issued Announcement 2014-15 in which it decided to follow the Tax Court’sinterpretation of the one rollover per year rule in the Bobrow case. In Bobrow, the Tax Court interpreted the one-rollover-per-year limitation as applying in the aggregate to all the IRAs that a taxpayer owns. This means that a contract ownercannot make an IRA rollover distribution if, within the previous one year period, an IRA rollover distribution was taken fromany other IRAs owned. Also, rollovers between an individual’s Roth IRAs would prevent a separate rollover within the 1-year period between the individual’s traditional IRAs, and vice versa. The IRS began applying this new interpretation toany IRA rollover distribution that occurs on or after January 1, 2015.

Direct transfers IRA funds between IRA trustees are not subject to the one rollover per year limitation because suchtransfers are not considered rollover distributions. Also, a rollover from a traditional IRA to a Roth IRA (a conversion) is notsubject to the one roll over per year limitation, and such a rollover is disregarded in applying the one rollover per yearlimitation to other rollovers.

Roth IRAs

Roth IRA contracts are contracts that satisfy the provisions of Section 408A of the Code, including the followingrequirements:

• the contract is not transferable by the owner;

• the premiums are not fixed;

• if the contract owner is younger than age 50, the annual premium cannot exceed $5,500; if the contract owner isage 50 or older, the annual premium cannot exceed $6,500 (although rollovers of greater amounts from otherRoth IRAs and other individual retirement plans can be received);

• the entire interest of the owner in the contract is nonforfeitable; and

• after the death of the owner, certain distribution requirements may be imposed to ensure distribution of the entirebalance in the contract within the statutory period of time.

A Roth IRA can receive a rollover from an individual retirement plan or another eligible retirement plan; however, theamount rolled over from the individual retirement plan or other eligible retirement plan to the Roth IRA is required to beincluded in the owner’s federal gross income at the time of the rollover, and will be subject to federal income tax. However,a rollover or conversion of an amount from an IRA or eligible retirement plan after December 31, 2017 cannot berecharacterized back to an IRA.

For further details regarding Roth IRAs, please refer to the disclosure statement provided when the Roth IRA wasestablished and the annuity contract’s IRA endorsement.

87

Investment Only (Qualified Plans)

Contracts that are owned by Qualified Plans are not intended to confer tax benefits on the beneficiaries of the plan; theyare used as investment vehicles for the plan. The income tax consequences to the beneficiary of a Qualified Plan arecontrolled by the operation of the plan, not by operation of the assets in which the plan invests.

Beneficiaries of Qualified Plans should contact their employer and/or trustee of the plan to obtain and review the plan,trust, summary plan description and other documents for the tax and other consequences of being a participant in aQualified Plan.

Tax Sheltered Annuities

Certain tax-exempt organizations (described in Section 501(c)(3) of the Code) and public school systems may establish aplan under which annuity contracts can be purchased for their employees. These annuity contracts are often referred to asTax Sheltered Annuities.

Purchase payments made to Tax Sheltered Annuities are excludable from the income of the employee, up to statutorymaximum amounts. These amounts should be set forth in the plan adopted by the employer.

Tax Sheltered Annuities may receive rollover contributions from Individual Retirement Accounts, Individual RetirementAnnuities, other Tax Sheltered Annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k)plans).

The owner’s interest in the contract is nonforfeitable (except for failure to pay premiums) and cannot be transferred.

When the owner of a Tax Sheltered Annuity attains the age of 70½, the Code requires that certain minimum distributionsbe made. Due to recent changes in Treasury Regulations, the amount used to compute the minimum distributions mayexceed the contract value. In addition, upon the death of the owner of a Tax Sheltered Annuity, mandatory distributionrequirements are imposed by the Code to ensure distribution of the entire contract value within the required statutoryperiod.

Final 403(b) Regulations issued by the Internal Revenue Service impose certain restrictions on non-taxable transfers orexchanges of one 403(b) Tax Sheltered Annuity contract for another. Nationwide will no longer issue or acceptapplications for new and/or in-service transfers to new or existing Nationwide individual 403(b) Tax Sheltered Annuitycontracts used for salary reduction plans not subject to ERISA. Nationwide will continue to accept applications and in-service transfers for individual 403(b) Tax Sheltered Annuity contracts used for 403(b) plans that are subject to ERISA andcertain state Optional Retirement Plans and/or Programs that have purchased at least one individual annuity contractissued by Nationwide prior to September 25, 2007.

Commencing in 2009, Tax Sheltered Annuities must be issued pursuant to a written plan, and the plan must satisfyvarious administrative requirements. Check with your employer to ensure that these requirements will be satisfied in atimely manner.

Federal Tax Considerations

Federal Income Taxes

The tax consequences of purchasing a contract described in this prospectus will depend on:

• the type of contract purchased;

• the purposes for which the contract is purchased; and

• the personal circumstances of individual investors having interests in the contracts.

Existing tax rules are subject to change, and may affect individuals differently depending on their situation. Nationwidedoes not guarantee the tax status of any contracts or any transactions involving the contracts.

The following is a brief summary of some of the federal income tax considerations related to the types of contracts sold inconnection with this prospectus. In addition to the federal income tax, distributions from annuity contracts may be subjectto state and local income taxes. Nothing in this prospectus should be considered to be tax advice. Purchasers andprospective purchasers of the contract should consult a financial consultant, tax advisor, or legal counsel to discuss thetaxation and use of the contracts.

88

IRAs

Distributions from IRAs are generally taxed as ordinary income when received. If any of the amounts contributed to theIndividual Retirement Annuity was non-deductible for federal income tax purposes, then a portion of each distribution isexcludable from income.

If distributions of income from an IRA are made prior to the date that the owner attains the age of 59½ years, the incomeis subject to the regular income tax, and an additional penalty tax of 10% is generally applicable. The 10% penalty tax canbe avoided if the distribution is:

• made to a beneficiary on or after the death of the owner;

• attributable to the owner becoming disabled (as defined in the Code);

• part of a series of substantially equal periodic payments made not less frequently than annually made for the life(or life expectancy) of the owner, or the joint lives (or joint life expectancies) of the owner and his or herdesignated beneficiary;

• used for qualified higher education expenses; or

• used for expenses attributable to the purchase of a home for a qualified first-time buyer.

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner’sgross estate for tax purposes.

Roth IRAs

Distributions of earnings from Roth IRAs are taxable or nontaxable depending upon whether they are �qualifieddistributions� or �non-qualified distributions.� A �qualified distribution� is one that is made after the Roth IRA has satisfiedthe five-year rule and meets one of the following requirements:

• it is made on or after the date on which the contract owner attains age 59½;

• it is made to a beneficiary (or the contract owner’s estate) on or after the death of the contract owner;

• it is attributable to the contract owner’s disability; or

• it is used for expenses attributable to the purchase of a home for a qualified first-time buyer.

The five-year rule is satisfied if a five taxable-year period has passed. The five taxable-year period begins with the firsttaxable year in which a contribution is made to any Roth IRA established for the owner.

A qualified distribution is not included in gross income for federal income tax purposes.

A non-qualified distribution is not includable in gross income to the extent that the distribution, when added to all previousdistributions, does not exceed the total amount of contributions made to the Roth IRA. Any non-qualified distribution inexcess of total contributions is includable in the contract owner’s gross income as ordinary income in the year that it isdistributed to the contract owner.

Special rules apply for Roth IRAs that have proceeds received from an individual retirement plan prior to January 1, 1999if the owner elected the special four-year income averaging provisions that were in effect for 1998.

If non-qualified distributions of income from a Roth IRA are made prior to the date that the owner attains the age of 59½years, the income is subject to both the regular income tax and an additional penalty tax of 10%. The penalty tax can beavoided if the distribution is:

• made to a beneficiary on or after the death of the owner;

• attributable to the owner becoming disabled (as defined in the Code);

• part of a series of substantially equal periodic payments made not less frequently than annually made for the life(or life expectancy) of the owner, or the joint lives (or joint life expectancies) of the owner and his or herdesignated beneficiary;

• for qualified higher education expenses; or

• used for expenses attributable to the purchase of a home for a qualified first-time buyer.

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner’sgross estate for tax purposes.

89

Non-Qualified Contracts - Natural Persons as Contract Owners

Generally, the income earned inside a non-qualified annuity contract that is owned by a natural person is not taxable untilit is distributed from the contract.

Distributions before the annuitization date are taxable to the contract owner to the extent that the cash value of thecontract exceeds the contract owner’s investment in the contract at the time of the distribution. In general, the investmentin the contract is equal to the purchase payments made with after-tax dollars reduced by any nontaxable distribution.Distributions, for this purpose, include full and partial surrenders, any portion of the contract that is assigned or pledged ascollateral for a loan, amounts borrowed from the contract, or any portion of the contract that is transferred by gift. Forthese purposes, a transfer by gift may occur upon annuitization if the contract owner and the annuitant are not the sameindividual.

With respect to annuity distributions on or after the annuitization date, a portion of each annuity payment is excludablefrom taxable income. The amount excludable from each annuity payment is determined by multiplying the annuitypayment by a fraction which is equal to the contract owner’s investment in the contract, divided by the expected return onthe contract. Once the entire investment in the contract is recovered, all distributions are fully includable in income. Themaximum amount excludable from income is the investment in the contract. If the annuitant dies before the entireinvestment in the contract has been excluded from income, and as a result of the annuitant’s death no more payments aredue under the contract, then the unrecovered investment in the contract may be deducted on his or her final tax return.

Commencing after December 31, 2010, the Code provides that if only a portion of a non-qualified annuity contract isannuitized for either (a) a period of 10 years or greater, or (b) for the life or lives of one or more persons, then the portionof the contract that has been annuitized would be treated as if it were a separate annuity contract. This means that anannuitization date can be established for a portion of the annuity contract (rather than requiring the entire contract to beannuitized at once) and the above description of the taxation of annuity distributions after the annuitization date wouldapply to the portion of the contract that has been annuitized. The investment in the contract is required to be allocated prorata between the portion of the contract that is annuitized and the portion that is not. All other benefits under the contract(e.g., death benefit) would also be reduced pro rata. For example, if 1/3 of the cash value of the contract were to beannuitized, the death benefit would also be reduced by 1/3.

In determining the taxable amount of a distribution that is made prior to the annuitization date, all annuity contracts issuedafter October 21, 1988 by the same company to the same contract owner during the same calendar year will be treated asone annuity contract.

A special rule applies to distributions from contracts that have investments that were made prior to August 14, 1982. Forthose contracts, distributions that are made prior to the annuitization date are treated first as the nontaxable recovery ofthe investment in the contract as of that date. A distribution in excess of the amount of the investment in the contract as ofAugust 14, 1982, will be treated as taxable income.

The Code imposes a penalty tax if a distribution is made before the contract owner reaches age 59½. The amount of thepenalty is 10% of the portion of any distribution that is includable in gross income. The penalty tax does not apply if thedistribution is:

• the result of a contract owner’s death;

• the result of a contract owner’s disability (as defined in the Code);

• one of a series of substantially equal periodic payments made over the life (or life expectancy) of the contractowner or the joint lives (or joint life expectancies) of the contract owner and the beneficiary selected by thecontract owner to receive payment under the annuity payment option selected by the contract owner; or

• is allocable to an investment in the contract before August 14, 1982.

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner’sgross estate for tax purposes.

Non-Qualified Contracts - Non-Natural Persons as Contract Owners

The previous discussion related to the taxation of non-qualified contracts owned by individuals. Different rules (the so-called �non-natural persons� rules) apply if the contract owner is not a natural person.

90

Generally, contracts owned by corporations, partnerships, trusts, and similar entities are not treated as annuity contractsfor most purposes of the Code. Therefore, income earned under a non-qualified contract that is owned by a non-naturalperson is taxed as ordinary income during the taxable year in which it is earned. Taxation is not deferred, even if theincome is not distributed out of the contract. The income is taxable as ordinary income, not capital gain.

The non-natural persons rules do not apply to all entity-owned contracts. For purposes of the non-natural persons rule, acontract that is owned by a non-natural person as an agent of an individual is treated as owned by the individual. Thiswould cause the contract to be treated as an annuity under the Code, allowing tax deferral. However, this exception doesnot apply when the non-natural person is an employer that holds the contract under a non-qualified deferredcompensation arrangement for one or more employees.

The non-natural persons rules also do not apply to contracts that are:

• acquired by the estate of a decedent by reason of the death of the decedent;

• issued in connection with certain qualified retirement plans and individual retirement plans;

• purchased by an employer upon the termination of certain qualified retirement plans; or

• immediate annuities within the meaning of Section 72(u) of the Code.

If the annuitant, who is the individual treated as owning the contract, dies before the contract is completely distributed, thebalance may be included in the annuitant’s gross estate for tax purposes, depending on the obligations that the non-natural owner may have owed to the annuitant.

Tax Sheltered Annuities

Distributions from Tax Sheltered Annuities are generally taxed when received. If nondeductible contributions are made,then a portion of each distribution after the annuitization date is excludable from income based on a formula establishedpursuant to the Code. The formula excludes from income the amount invested in the contract divided by the number ofanticipated payments until the full investment in the contract is recovered. Thereafter all distributions are fully taxable.

If a distribution of income is made from a Tax Sheltered Annuity prior to the date that the owner attains the age of 59½years, the income is subject to both the regular income tax and an additional penalty tax of 10%. The penalty tax can beavoided if the distribution is:

• made to a beneficiary on or after the death of the owner;

• attributable to the owner becoming disabled (as defined in the Code);

• part of a series of substantially equal periodic payments made not less frequently than annually made for the life(or life expectancy) of the owner, or the joint lives (or joint life expectancies) of the owner and his or herdesignated beneficiary; or

• made to the owner after separation from service with his or her employer after age 55.

A loan from a Tax Sheltered Annuity generally is not considered to be a distribution, and is therefore generally not taxable.However, if the loan is not repaid in accordance with the repayment schedule, the entire balance of the loan would betreated as being in default, and the defaulted amount would be treated as being distributed to the participant as a taxabledistribution.

If the contract owner dies before the contract is completely distributed, the balance will be included in the contract owner’sgross estate for tax purposes.

Exchanges

As a general rule, federal income tax law treats exchanges of property in the same manner as a sale of the property.However, pursuant to Section 1035 of the Code, an annuity contract may be exchanged tax-free for another annuitycontract, provided that the obligee (the person to whom the annuity obligation is owed) is the same for both contracts. Ifthe exchange includes the receipt of other property, such as cash, in addition to another annuity contract, special rulesmay cause a portion of the transaction to be taxable to the extent of the value of the other property.

Tax Treatment of a Partial 1035 Exchange With Subsequent Withdrawal

In June 2011, the Internal Revenue Service issued Rev. Proc. 2011-38, which addresses the income tax consequences ofthe direct transfer of a portion of the cash value of an annuity contract in exchange for the issuance of a second annuitycontract. Rev. Proc. 2011-38 modified and superseded prior guidance that was contained in Rev. Proc. 2008-24. A directtransfer that satisfies the revenue procedure will be treated as a tax-free exchange under Section 1035 of the Code if, for

91

a period of at least 180 days from the date of the direct transfer, there are no distributions or surrenders from eitherannuity contract involved in the exchange. In addition, the 180-day period will be deemed to have been satisfied withrespect to amounts received as an annuity for a period of 10 years or more, or as an annuity for the life of one or morepersons. The taxation of distributions (other than distributions described in the immediately preceding sentence) receivedfrom either contract within the 180-day period will be determined using general tax principles to determine the substanceof those payments. For example, they could be treated as taxable �boot� in an otherwise tax-free exchange, or as adistribution from the new contract. Rev. Proc. 2011-38 also removed numerous exceptions to the 180-day waiting periodthat Rev. Proc. 2008-11 provided for in its 12-month waiting period. Please discuss any tax consequences concerning anycontemplated or completed transactions with a professional tax advisor.

Same-Sex Marriages, Domestic Partnership, and Other Similar Relationships

The Treasury issued final regulations that address what relationships are considered a marriage for federal tax purposes.The final regulations definition of marriage reflects the United States Supreme Court holdings in Windsor and Obergefell,as well as Rev. Proc. 2017-13.

The final regulations define the terms �spouse�, �husband�, �wife�, and �husband and wife� to be gender neutral so thatsuch terms can apply equally to same sex couples and opposite sex couples. The regulations adopt the �place ofcelebration� rule to determine marital status for federal tax purposes. A marriage of two individuals is recognized forfederal tax purposes if the marriage is recognized by a state, possession, or territory of the US in which the marriage wasentered into, regardless of the couples place of domicile. Also a marriage entered into in a foreign jurisdiction will berecognized for federal tax purposes if that marriage would be recognized in at least one state, possession, or territory ofthe US.

Finally, the regulations adopts Rev. Proc. 2013-17 holding that relationships entered into as civil unions, or registereddomestic partnerships that is not denominated as marriages under state law are not marriages for federal tax purposes.Therefore, the favorable income-tax deferral options afforded by federal tax law to a married spouse under Code Sections72 and 401(a)(9) are not available to individuals who have entered into these formal relationships.

Withholding

Pre-death distributions from the contracts are subject to federal income tax. Nationwide is required to withhold the tax fromthe distributions unless the contract owner requests otherwise. Under some circumstances, the Code will not permitcontract owners to waive withholding. Such circumstances include:

• if the payee does not provide Nationwide with a taxpayer identification number; or

• if Nationwide receives notice from the Internal Revenue Service that the taxpayer identification number furnishedby the payee is incorrect.

If a contract owner is prohibited from waiving withholding, as described above, the distribution will be subject towithholding rates established by Section 3405 of the Code and is applied against the amount of income that is distributed.

If the distribution is from a Tax Sheltered Annuity, it will be subject to mandatory 20% withholding that cannot be waived,unless:

• the distribution is made directly to another Tax Sheltered Annuity, qualified pension or profit-sharing plandescribed in Section 401(a), an eligible deferred compensation plan described in Section 457(b) which ismaintained by an eligible employer described in section 457(e)(1)(A) or individual retirement plan; or

• the distribution satisfies the minimum distribution requirements imposed by the Code.

Non-Resident Aliens

Generally, a pre-death distribution from a contract to a non-resident alien is subject to federal income tax at a rate of 30%of the amount of income that is distributed.

Nationwide is required to withhold this amount and send it to the Internal Revenue Service. Some distributions to non-resident aliens may be subject to a lower (or no) tax if a treaty applies. In order to obtain the benefits of such a treaty, thenon-resident alien must:

(1) provide Nationwide with a properly completed withholding certificate claiming the treaty benefit of a lower taxrate or exemption from tax; and

(2) provide Nationwide with an individual taxpayer identification number.

If the non-resident alien does not meet the above conditions, Nationwide will withhold 30% of income from the distribution.

92

Another exemption from the 30% withholding rate is available if the non-resident alien provides Nationwide with sufficientevidence that:

(1) the distribution is connected to the non-resident alien’s conduct of business in the United States;

(2) the distribution is includable in the non-resident alien’s gross income for United States federal income taxpurposes; and

(3) provide Nationwide with a properly completed withholding certificate claiming the exemption.

Note that for the preceding exemption, the distributions would be subject to the same withholding rules that are applicableto payments to United States persons.

This prospectus does not address any tax matters that may arise by reason of application of the laws of a non-residentalien’s country of citizenship and/or country of residence. Purchasers and prospective purchasers should consult afinancial consultant, tax advisor or legal counsel to discuss the applicability of laws of those jurisdictions to the purchaseor ownership of a contract.

FATCA

Under Sections 1471 through 1474 of the Internal Revenue Code (commonly referred to as FATCA), distributions from acontract to a foreign financial institution or to a nonfinancial foreign entity, each as described by FATCA, may be subject toUnited States tax withholding at a flat rate equal to 30% of the taxable amount of the distribution, irrespective of thestatus of any beneficial owner of the contract or of the distribution. Nationwide may require a contract owner to providecertain information or documentation (e.g., Form W-9 or Form W-8BEN) to determine its withholding requirements underFATCA.

Additional Medicare Tax

Effective January 1, 2013, Section 1411 of the Code imposes a surtax of 3.8% on certain net investment income receivedby individuals and certain trusts and estates. The surtax is imposed on the lesser of (a) net investment income or (b) theexcess of the modified adjusted gross income over a threshold amount. For individuals, the threshold amount is $250,000(married filing jointly); $125,000 (married filing separately); or $200,000 (single, head of household with qualifying person,or qualifying widow(er) with dependent child). The threshold for an estate or trust that is subject to the surtax is generallyequal to the dollar amount at which the highest tax bracket under Code Section 1(e) begins for the taxable year. For 2018,that amount is $12,500.

Modified adjusted gross income is equal to adjusted gross income with several modifications; consult with a qualified taxadvisor regarding how to determine modified adjusted gross income for purposes of determining the applicability of thesurtax.

Net investment income includes, but is not limited to, interest, dividends, capital gains, rent and royalty income, andincome from nonqualified annuities. It may also include taxable distributions from, and gain from the sale or surrender of,life insurance contracts. Net investment income does not include, among other things, distributions from certain qualifiedplans (such as IRAs, Roth IRAs, and plans described in Code Sections 401(a), 401(k), 403(a), 403(b) or 457(b)); however,such distributions, to the extent that they are includible in income for federal income tax purposes, are includible inmodified adjusted gross income.

Federal Estate, Gift and Generation Skipping Transfer Taxes

The following transfers may be considered a gift for federal gift tax purposes:

• a transfer of the contract from one contract owner to another; or

• a distribution to someone other than a contract owner.

Upon the contract owner’s death, the value of the contract may be subject to estate taxes, even if all or a portion of thevalue is also subject to federal income taxes.

Section 2612 of the Code may require Nationwide to determine whether a death benefit or other distribution is a �directskip� and the amount of the resulting generation skipping transfer tax, if any. A direct skip is when property is transferredto, or a death benefit or other distribution is made to:

(a) an individual who is two or more generations younger than the contract owner; or

(b) certain trusts, as described in Section 2613 of the Code (generally, trusts that have no beneficiaries who are nottwo or more generations younger than the contract owner).

93

If the contract owner is not an individual, then for this purpose only, �contract owner� refers to any person:

• who would be required to include the contract, death benefit, distribution, or other payment in his or her federalgross estate at his or her death; or

• who is required to report the transfer of the contract, death benefit, distribution, or other payment for federal gifttax purposes.

If a payment is subject to the generation skipping transfer tax, Nationwide may be required to deduct the amount of thetransfer tax from the death benefit, distribution or other payment, and remit it directly to the Internal Revenue Service.

Charge for Tax

Nationwide is not required to maintain a capital gain reserve liability on non-qualified contracts. If tax laws changerequiring a reserve, Nationwide may implement and adjust a tax charge.

Diversification

Code Section 817(h) contains rules on diversification requirements for variable annuity contracts. A variable annuitycontract that does not meet these diversification requirements will not be treated as an annuity, unless:

• the failure to diversify was accidental;

• the failure is corrected; and

• a fine is paid to the Internal Revenue Service.

The amount of the fine will be the amount of tax that would have been paid by the contract owner if the income, for theperiod the contract was not diversified, had been received by the contract owner.

If the violation is not corrected, the contract owner will be considered the owner of the underlying securities and will betaxed on the earnings of his or her contract. Nationwide believes that the investments underlying this contract meet thesediversification requirements.

Representatives of the Internal Revenue Service have informally suggested, from time to time, that the number ofunderlying mutual funds available or the number of transfer opportunities available under a variable product may berelevant in determining whether the product qualifies for the desired tax treatment. In 2003, the Internal Revenue Serviceissued formal guidance, in Revenue Ruling 2003-91, indicating that if the number of underlying mutual funds available in avariable insurance product does not exceed 20, the number of underlying mutual funds alone would not cause thecontract to fail to qualify for the desired tax treatment. The Internal Revenue Service has also indicated that exceeding 20investment options may be considered a factor, along with other factors including the number of transfer opportunitiesavailable under the contract, when determining whether the contract qualifies for the desired tax treatment. The revenueruling did not indicate the actual number of underlying mutual funds that would cause the contract to not provide thedesired tax treatment. Should the U.S. Secretary of the Treasury issue additional rules or regulations limiting the numberof underlying mutual funds, transfers between underlying mutual funds, exchanges of underlying mutual funds or changesin investment objectives of underlying mutual funds such that the contract would no longer qualify for tax deferredtreatment under Section 72 of the Code, Nationwide will take whatever steps are available to remain in compliance.

Based on the above, the contract should be treated as an annuity contract for federal income tax purposes.

Required Distributions

The Code requires that certain distributions be made from the contracts issued in conjunction with this prospectus.Following is an overview of the required distribution rules applicable to each type of contract. Consult a qualified tax orfinancial advisor for more specific required distribution information.

Required Distributions – General Information

In general, a beneficiary is an individual or other entity that the contract owner designates to receive death proceeds uponthe contract owner’s death. The distribution rules in the Code make a distinction between �beneficiary� and �designatedbeneficiary� when determining the life expectancy that may be used for payments that are made from IRAs, SEP IRAs,Simple IRAs, Roth IRAs and Tax Sheltered Annuities after the death of the contract owner, or that are made from non-qualified contracts after the death of the contract owner. A designated beneficiary is a natural person who is designated bythe contract owner as the beneficiary under the contract. Non-natural beneficiaries (e.g. charities or certain trusts) are notdesignated beneficiaries for the purpose of required distributions and the life expectancy of such a beneficiary is zero.

94

Life expectancies and joint life expectancies will be determined in accordance with the relevant guidance provided by theInternal Revenue Service and the Treasury Department, including but not limited to Treasury Regulation 1.72-9 andTreasury Regulation 1.401(a)(9)-9.

Required distributions paid upon the death of the contract owner are paid to the beneficiary or beneficiaries stipulated bythe contract owner. How quickly the distributions must be made may be determined with respect to the life expectancies ofthe beneficiaries. For non-qualified contracts, the beneficiaries used in the determination of the distribution period arethose in effect on the date of the contract owner’s death. For contracts other than non-qualified contracts, the beneficiariesused in the determination of the distribution period do not have to be determined until September 30 of the year followingthe contract owner’s death. If there is more than one beneficiary, the life expectancy of the beneficiary with the shortestlife expectancy is used to determine the distribution period. Any beneficiary that is not a designated beneficiary has a lifeexpectancy of zero.

Required Distributions for Non-Qualified Contracts

Code Section 72(s) requires Nationwide to make certain distributions when a contract owner dies. The followingdistributions will be made in accordance with the following requirements:

(1) If any contract owner dies on or after the annuitization date and before the entire interest in the contract hasbeen distributed, then the remaining interest must be distributed at least as rapidly as the distribution method ineffect on the contract owner’s death.

(2) If any contract owner dies before the annuitization date, then the entire interest in the contract (consisting ofeither the death benefit or the contract value reduced by charges set forth elsewhere in the contract) must bedistributed within five years of the contract owner’s death, provided however:

(a) any interest payable to or for the benefit of a designated beneficiary may be distributed over the life of thedesignated beneficiary or over a period not longer than the life expectancy of the designated beneficiary.Payments must begin within one year of the contract owner’s death unless otherwise permitted by federalincome tax regulations; and

(b) if the designated beneficiary is the surviving spouse of the deceased contract owner, the spouse canchoose to become the contract owner instead of receiving a death benefit. Any distributions required underthese distribution rules will be made upon that spouse’s death.

In the event that the contract owner is not a natural person (e.g., a trust or corporation), but is acting as an agent for anatural person, for purposes of these distribution provisions:

(a) the death of the annuitant will be treated as the death of a contract owner;

(b) any change of annuitant will be treated as the death of a contract owner; and

(c) in either case, the appropriate distribution will be made upon the death or change, as the case may be.

These distribution provisions do not apply to any contract exempt from Section 72(s) of the Code by reason of Section72(s)(5) or any other law or rule.

Required Distributions for Tax Sheltered Annuities, IRAs and Roth IRAs

Distributions from a Tax Sheltered Annuity or IRA must begin no later than April 1 of the calendar year following thecalendar year in which the contract owner reaches age 70½. Distributions may be paid in a lump sum or in substantiallyequal payments over:

(a) the life of the contract owner or the joint lives of the contract owner and the contract owner’s designatedbeneficiary; or

(b) a period not longer than the period determined under the table in Treasury Regulation 1.401(a)(9)-9, which is thedeemed joint life expectancy of the contract owner and a person 10 years younger than the contract owner. If thedesignated beneficiary is the spouse of the contract owner, the period may not exceed the longer of the perioddetermined under such table or the joint life expectancy of the contract owner and the contract owner’s spouse,determined in accordance with Treasury Regulation 1.72-9, or such additional guidance as may be providedpursuant to Treasury Regulation 1.401(a)(9)-9.

For Tax Sheltered Annuities, required distributions do not have to be withdrawn from this contract if they are beingwithdrawn from another Tax Sheltered Annuity of the contract owner.

95

For IRAs, required distributions do not have to be withdrawn from this contract if they are being withdrawn from anotherIRA of the contract owner.

If the contract owner’s entire interest in a Tax Sheltered Annuity or IRA will be distributed in equal or substantially equalpayments over a period described in (a) or (b) above, the payments must begin on or before the required beginning date.The required beginning date is April 1 of the calendar year following the calendar year in which the contract ownerreaches age 70½. The rules for Roth IRAs do not require distributions to begin during the contract owner’s lifetime,therefore, the required beginning date is not applicable to Roth IRAs.

Due to recent changes in Treasury Regulations, the amount used to compute the minimum distribution requirement mayexceed the contract value.

If the contract owner dies before the required beginning date (in the case of a Tax Sheltered Annuity or IRA) or before theentire contract value is distributed (in the case of Roth IRAs), any remaining interest in the contract must be distributed byDecember 31 of the fifth year following the contract owner’s death or over a period not exceeding the applicabledistribution period, which is determined as follows:

(a) if the designated beneficiary is the contract owner’s spouse, the applicable distribution period is the survivingspouse’s remaining life expectancy using the surviving spouse’s birthday for each distribution calendar year afterthe calendar year of the contract owner’s death. For calendar years after the death of the contract owner’ssurviving spouse, the applicable distribution period is the spouse’s remaining life expectancy using the spouse’sage in the calendar year of the spouse’s death, reduced by one for each calendar year that elapsed since thecalendar year immediately following the calendar year of the spouse’s death. Such distributions must begin on orbefore the later of (a) the end of the calendar year immediately following the calendar year in which the contractowner died; or (b) the end of the calendar year in which the contract owner would have attained 70½;

(b) if the designated beneficiary is not the contract owner’s surviving spouse, the applicable distribution period is thedesignated beneficiary’s remaining life expectancy using the designated beneficiary’s birthday in the calendaryear immediately following the calendar year of the contract owner’s death, reduced by one for each calendaryear that elapsed thereafter. Such distributions must begin on or before the end of the calendar year immediatelyfollowing the calendar year in which the contract owner died; and

(c) if there is no designated beneficiary, the entire balance of the contract must be distributed by December 31 ofthe fifth year following the contract owner’s death.

If the contract owner dies on or after the required beginning date, the interest in the Tax Sheltered Annuity or IRA must bedistributed over a period not exceeding the applicable distribution period, which is determined as follows:

(a) if the designated beneficiary is the contract owner’s spouse, the applicable distribution period is the survivingspouse’s remaining life expectancy using the surviving spouse’s birthday for each distribution calendar year afterthe calendar year of the contract owner’s death. For calendar years after the death of the contract owner’ssurviving spouse, the applicable distribution period is the greater of (a) the contract owner’s remaining lifeexpectancy using the contract owner’s birthday in the calendar year of the contract owner’s death, reduced byone for each year thereafter; or (b) the spouse’s remaining life expectancy using the spouse’s age in thecalendar year of the spouse’s death, reduced by one for each calendar year that elapsed since the calendar yearimmediately following the calendar year of the spouse’s death;

(b) if the designated beneficiary is not the contract owner’s surviving spouse, the applicable distribution period is thegreater of (a) the contract owner’s remaining life expectancy using the contract owner’s birthday in the calendaryear of the contract owner’s death, reduced by one for each year thereafter; or (b) the designated beneficiary’sremaining life expectancy using the designated beneficiary’s birthday in the calendar year immediately followingthe calendar year of the contract owner’s death, reduced by one for each calendar year that elapsed thereafter;and

(c) if there is no designated beneficiary, the applicable distribution period is the contract owner’s remaining lifeexpectancy using the contract owner’s birthday in the calendar year of the contract owner’s death, reduced byone for each year thereafter.

If distribution requirements are not met, a penalty tax of 50% is levied on the difference between the amount that shouldhave been distributed for that year and the amount that actually was distributed for that year.

96

For IRAs, all or a portion of each distribution will be included in the recipient’s gross income and taxed at ordinary incometax rates. The portion of a distribution that is taxable is based on the ratio between the amount by which non-deductiblepurchase payments exceed prior non-taxable distributions and total account balances at the time of the distribution. Theowner of an IRA must annually report the amount of non-deductible purchase payments, the amount of any distribution,the amount by which non-deductible purchase payments for all years exceed non taxable distributions for all years, andthe total balance of all IRAs.

Distributions from Roth IRAs may be either taxable or nontaxable, depending upon whether they are �qualifieddistributions� or �non-qualified distributions.�

Tax Changes

The foregoing tax information is based on Nationwide’s understanding of federal tax laws. It is NOT intended as taxadvice. All information is subject to change without notice. You should consult with your personal tax and/or financialadvisor for more information.

In 2001, the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) was enacted. EGTRRA made numerouschanges to the Code, including the following:

• generally lowering federal income tax rates;

• increasing the amounts that may be contributed to various retirement plans, such as individual retirement plans,Tax Sheltered Annuities, and Qualified Plans;

• increasing the portability of various retirement plans by permitting individual retirement plans, Tax ShelteredAnnuities, Qualified Plans and certain governmental 457 plans to �roll� money from one plan to another;

• eliminating and/or reducing the highest federal estate tax rates;

• increasing the estate tax credit; and

• for persons dying after 2009, repealing the estate tax.

In 2006, the Pension Protection Act of 2006 made permanent the EGTRRA provisions noted above that increase theamounts that may be contributed to various retirement plans and that expanded the portability of various retirement plans.However, all of the other changes resulting from EGTRRA were scheduled to �sunset,� or become ineffective, afterDecember 31, 2010 unless they were extended by additional legislation. The American Taxpayer Relief Act (ATRA) wasenacted on January 1, 2013 and made permanent the lower federal income tax rates established under EGTRRA, exceptfor individuals with taxable income above $400,000 ($450,000 for married couples) whose tax rate will revert to the pre-EGTRRA tax rate of 39.6%. ATRA also permanently provides for a maximum federal estate tax rate of 40% with anannually inflation-adjusted $5 million exclusion for estates of persons dying after December 31, 2012. Consult a qualifiedtax or financial advisor for further information relating to these and other tax issues.

H.R. 1, the Tax Cuts and Jobs Act (the �Act�) was enacted on December 22, 2017. The Act made numerous changes tothe Code effective January 1, 2018, including the following:

• Lowered the federal individual and corporate income tax rates;

• Doubled the federal estate and gift tax exclusion amount to $10 million;

• Eliminated the ability to recharacterize the rollover or conversion of amounts from IRAs or eligible retirementplans to a Roth IRA.

State Taxation

The tax rules across the various states and localities are not uniform and therefore are not discussed in this prospectus.Tax rules that may apply to contracts issued in U.S. territories such as Puerto Rico and Guam are also not discussed.Purchasers and prospective purchasers should consult a financial consultant, tax advisor or legal counsel to discuss thetaxation and use of the contracts.

97

All individuals selling this product must be licensed insurance agents and registered representatives.

The Best of America America’s VISION Annuity is issued by Nationwide Life Insurance Company, Columbus, Ohio. The general distributor is Nationwide Investment Services Corporation, member FINRA.

Nationwide, Nationwide is on your side and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. The Best of America and America’s VISION Annuity are service marks of Nationwide Life Insurance Company.

© 2018 Nationwide Mutual Insurance Company

PRO-2656-5/18