Your retirement. The information you need when you need it.

Nationwide Destination Freedom+ SM Investment choices The information you need when you need it. As you review the investment options available with Nationwide Destination Freedom+ SM, you ll want to be sure that you understand the requirements and risks associated with investing in the fund options described in this guide. To help you navigate through the pages, we ve included a directory of citations, found on the enclosed flap of this brochure. Please unfold the flap to reference these notes as you read the investment options. Your retirement. Your choice. Your guide to investment choices for the Nationwide Destination Freedom+ SM variable annuity. Not a deposit Not FDIC or NCUSIF insured Not guaranteed by the institution Not insured by any federal government agency May lose value

Directory of citations 1 Money market funds: These funds are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although they seek to preserve the value of your investment at $1.00 per share, it s possible to lose money by investing in money market funds. 2 International/emerging market funds: Funds that invest internationally involve risks not associated with investing solely in the United States, such as currency fluctuation, political risk, differences in accounting and the limited availability of information. 3 Small/mid-cap funds: Funds investing in stocks of small-cap, mid-cap or emerging companies may have less liquidity than those investing in larger, established companies and may be subject to greater price volatility and risk than the overall stock market. 4 High-yield funds: Funds that invest in high-yield securities are subject to greater credit risk, liquidity risk, and price fluctuations than funds that invest in higher-quality securities. The prices of high-yield bonds tend to be more sensitive to adverse economic and business conditions than are higher-rated corporate bonds. Increased volatility may reduce the market value of high-yield bonds. They are also subject to the claims-paying ability of the issuing company. 5 Nondiversified funds: Funds that invest in a concentrated sector or focus on a relatively small number of securities may be subject to greater volatility than a more diversified investment. 6 Government funds: While the funds invest primarily in the securities of the U.S. government and its agencies, the values are not guaranteed by these entities. 7 Real estate funds: Funds that focus on real estate investing are sensitive to economic and business cycles, changing demographic patterns and government actions. 8 Fund-of-funds: These funds are designed to provide diversification and asset allocation across several types of investments and asset classes, primarily by investing in underlying funds. Therefore, in addition to the expenses of the portfolio, you are indirectly paying a proportionate share of the applicable fees and expenses of the underlying funds. 9 Bond funds: These funds have the same interest rate, inflation and credit risks associated with the underlying bonds owned by the fund. Interest rate risk is the possibility of a change in the value of a bond due to changing interest rates. Inflation risk arises from the decline in value of cash flows due to loss of purchasing power. Credit risk is the potential loss on an investment based on the bond issuer s failure to repay on the amount borrowed. 10 May provide less common return patterns than traditional equity or fixed income. These funds incorporate investment strategies that may increase or decrease volatility due to the fund s use of options or futures. Leveraged exposure can result in accelerated losses as well as accelerated gains, depending on how the market moves. 11 Managed volatility funds: These funds are designed to offer traditional long-term investment allocations blended with a strategy that seeks to mitigate risk and manage portfolio volatility. These funds may not be successful in reducing volatility, and it is possible that the funds volatility management strategies could result in losses greater than if the funds did not use such strategies. 12 Asset allocation funds: These funds may invest across multiple asset classes including, but not limited to, domestic and foreign stocks, bonds, and cash. The use of diversification and asset allocation as a part of an overall investment strategy does not assure a profit or protect against loss in declining market. 13 Commodities/natural resources funds: Specific uncertainties associated with commodities and natural resources investing include changes in supply-and-demand relationships due to environmental, economic and political factors, which may cause increased volatility and decreased liquidity. 14 Private equity funds: Investing in private equity companies involves inherent risks, which encompasses financial institutions or investment vehicles whose principal business is to invest in and lend capital to privately held companies. Generally, little public information exists for private and thinly traded companies, and there is a risk that investors may not be able to make a fully informed investment decision. Explore a wide range of choices. At Nationwide, we focus on investment flexibility and choice. With the Nationwide Destination Freedom+ SM variable annuity, you have access to over 130 investment options spanning a variety of high-quality, name-brand money managers. With such a vast menu of investment opportunities, you can customize your portfolio to best fit your needs. We follow a rigorous selection process to help ensure only experienced money managers are included on our fund menu. This approach provides you with the options you need to build your portfolio and potentially achieve returns above the broad market with less exposure to volatility. We also offer packaged solutions for simplified investing. If you wish to take a more static approach, the Nationwide Guided Portfolio Strategies (GPS), make it simpler for you to build your portfolio with a diversified mix of asset managers and strategies. This investment choices guide can help you make decisions with the money you invest in Nationwide Destination Freedom+. Use this guide to pick your investment choices by asset class or fund family. 15 Master limited partnerships: Investments in MLP s and energy infrastructure companies may be adversely affected by changes in worldwide energy prices, exploration, production spending, government regulation, changes in exchange rates, depletion of natural resources, and risks that arise from extreme weather conditions. 3

Professional experience at your fingertips. We work with some of the leading money managers in the marketplace, including those listed below, so you can add their expertise and strategies to your investment portfolio. Investment choices by asset class Broad category Focused category Fund name American Funds NVIT Growth-Income Fund Class II Fidelity VIP Growth & Income Portfolio Service Class 2 Invesco VI Equally Weighted S&P 500 Fund Series II Large-cap blend MFS VIT Blended Research Core Equity Portfolio Service Class Neuberger Berman NVIT Multi Cap Opportunities Fund Class II3 NVIT Managed American Funds Growth Income Fund Class II 8, 11 NVIT Nationwide Fund Class II NVIT S&P 500 Index Fund Class I American Funds NVIT Growth Fund Class II Large-cap stocks ClearBridge Variable Aggressive Growth Portfolio Class II Large-cap growth Fidelity VIP Growth Portfolio Service Class 2 Neuberger Berman NVIT Socially Responsible Fund Class II NVIT Large Cap Growth Fund Class II NVIT Multi-Manager Large Cap Growth Fund Class II American Century NVIT Multi Cap Value Fund Class II3 American Funds Insurance Series Blue Chip Income and Growth FundSM Class 4 Large-cap value BlackRock NVIT Equity Dividend Fund Class I NVIT Multi-Manager Large Cap Value Fund Class II Putnam VT Equity Income Fund IB Shares Mid-cap blend Mid-cap stocks Mid-cap growth Mid-cap value Small-cap blend Small-cap stocks Dreyfus IP Mid Cap Stock Portfolio Service Shares3 NVIT Mid Cap Index Fund Class I3 Janus Aspen Series Enterprise Portfolio Service Shares3 NVIT Multi-Manager Mid Cap Growth Fund Class II3 MFS VIT Mid Cap Value Portfolio Service Class3 NVIT Multi-Manager Mid Cap Value Fund Class II3 NVIT Small Cap Index Fund Class II3 Oppenheimer Main Street Small Cap Fund /VA Service Shares3 ClearBridge Variable Small Cap Growth Portfolio Class II3 Small-cap growth NVIT Multi-Manager Small Cap Growth Fund Class II3 NVIT Multi-Manager Small Company Fund Class II3 Small-cap value Delaware VIPT Small Cap Value Series Service Class3 NVIT Multi-Manager Small Cap Value Fund Class II3 American Funds Insurance Series New World Fund Class 42, 5 Emerging markets Lazard Retirement Emerging Markets Equity Portfolio Service Shares2, 5 NVIT Emerging Markets Fund Class II2, 5 American Funds Insurance Series International FundSM Class 42 Foreign large blend NVIT International Equity Fund Class II2 NVIT International Index Fund Class I2 Invesco VI International Growth Fund Series II2 International stocks Foreign large growth NVIT Multi-Manager International Growth Fund Class II2 Oppenheimer International Growth Fund/VA Service Shares2 MFS VIT International Value Portfolio Service Class2 Foreign large value NVIT Multi-Manager International Value Fund Class II2 Templeton NVIT International Value Fund Class I2 ALPS/Red Rocks Listed Private Equity Portfolio Class III2, 5, 14 American Funds Insurance Series Global Small Cap FundSM Class 42, 3 World stock American Funds NVIT Global Growth Fund Class II2 Franklin Mutual Global Discovery VIP Fund Class 22 Oppenheimer Global Fund/VA Service Shares2 4 5

Investment choices by asset class (cont d) Investment choices by asset class (cont d) Broad category Focused category Fund name Bonds Emerging market bond Floating rate bond High yield bond 2, 5, 9 Morgan Stanley VIF Emerging Markets Debt Portfolio Class II 2, 5, 9 PIMCO VIT Emerging Markets Bond Portfolio Advisor Class 4, 5, 9 Eaton Vance VT Floating-Rate Income Fund 4, 5, 6, 9 Goldman Sachs VIT High Quality Floating Rate Fund Advisor Shares BlackRock High Yield V.I. Fund Class III 4, 9 Columbia VP High Yield Bond Fund Class II 4, 9 Federated NVIT High Income Bond Fund Class I 4, 9 Western Asset Variable Global High Yield Bond Portfolio Class II Inflation protection bond American Century VP Inflation Protection Fund Class II 6, 9 Intermediate government bond NVIT Government Bond Fund Class II 6, 9 Intermediate-term bond Multi-sector bond Nontraditional bond World bond American Funds NVIT Bond Fund Class II 9 Janus Aspen Series Flexible Bond Portfolio Service Shares 9 BlackRock Total Return V.I. Fund Class III 9 Fidelity VIP Investment Grade Bond Portfolio Service Class 2 9 Lord Abbett Series Total Return Portfolio Class VC 9 NVIT Bond Index Fund Class I 9 NVIT Core Bond Fund Class II 9 NVIT Core Plus Bond Fund Class II 9 Fidelity VIP Strategic Income Portfolio Service Class 2 NVIT Multi Sector Bond Fund Class I PIMCO VIT Income Portfolio: Advisor Class Goldman Sachs VIT Strategic Income Fund Advisor Shares Guggenheim VF Macro Opportunities PIMCO VIT Unconstrained Bond Portfolio Advisor Class PIMCO VIT Foreign Bond Portfolio (Unhedged) Advisor Class 2, 9 PIMCO VIT Foreign Bond Port (US-Dollar Hedged) Advisor Class 2, 9 Templeton Global Bond VIP Fund Class 2 2, 9 Short-term bonds Short-term bond NVIT Short Term Bond Fund Class II 9 Lord Abbett Series Short Duration Income Portfolio Class VC 9 Ultra short-term bond PIMCO VIT Short-Term Portfolio Advisor Class 9 Cash Money market NVIT Government Money Market Fund Class II 1 Specialty funds allow you to diversify your portfolio beyond traditional asset classes. Asset allocation funds allow you to diversify your holdings across asset classes with a single fund selection. Broad category Focused category Fund name Asset allocation Aggressive allocation Moderate allocation Conservative allocation Tactical allocation World allocation Franklin Founding Funds Allocation VIP Fund Class 2 NVIT Cardinal SM Aggressive Fund Class II NVIT Cardinal SM Moderately Aggressive Fund Class II NVIT Investor Destinations Aggressive Fund Class II NVIT Investor Destinations Moderately Aggressive Fund Class II American Funds NVIT Asset Allocation Fund Class II 12 DFA NVIT Moderate Fund Class II Fidelity VIP Balanced Portfolio Service Class 2 12 Janus Aspen Series Balanced Portfolio Service Shares 12 NVIT Cardinal SM Capital Appreciation Fund Class II NVIT Cardinal SM Moderate Fund Class II NVIT Cardinal SM Balanced Fund Class II NVIT Cardinal SM Managed Growth Fund Class II NVIT Investor Destinations Capital Appreciation Fund Class II NVIT Investor Destinations Moderate Fund Class II NVIT Investor Destinations Balanced Fund Class II NVIT Investor Destinations Managed Growth Fund Class II NVIT Managed American Funds Asset Allocation Fund Class II 4, 12 Franklin Income VIP Fund Class 2 10, 12 JPMorgan Insurance Trust Income Builder Portfolio Class 2 NVIT Cardinal SM Moderately Conservative Fund Class II NVIT Cardinal SM Conservative Fund Class II NVIT Cardinal SM Managed Growth & Income Fund Class II NVIT Investor Destinations Moderately Conservative Fund Class II NVIT Investor Destinations Conservative Fund Class II NVIT Investor Destinations Managed Growth & Income Fund Class II Goldman Sachs VIT Global Trends Allocation Fund Service Shares Morgan Stanley VIF Global Strategist Portfolio Class II 2, PIMCO VIT All Asset Portfolio Advisor Class American Funds Insurance Series Capital Income Builder Class 4 BlackRock Global Allocation V.I. Fund Class III 2, BlackRock NVIT Managed Global Allocation Fund Class II 2, DFA NVIT Capital Appreciation Fund Class II 2, 10, 12, 13 Invesco VI Balanced-Risk Allocation Fund Series II 2, 10, 12 JPMorgan Insurance Trust Global Allocation Portfolio Class 2 MFS VIT Global Tactical Allocation Portfolio Service Class Broad category Focused category Fund name Specialty Commodities PIMCO VIT CommodityRealReturn Strategy Portfolio Advisor Class Van Eck VIP Global Gold Fund: Service Class Convertibles Mainstay VP Convertible Portfolio Service 2 Class 5, 9 Equity sector, 15 ALPS/Alerian Energy Infrastructure Portfolio Class III Ivy VIP Energy Janus Aspen Series Global Technology Portfolio Service Shares 2, 5 MFS VIT Utilities Series Service Class 5 Morgan Stanley VIF Global Infrastructure Portfolio Class II 2, 5 T. Rowe Price Health Sciences Portfolio Class II 5 3, 10 Long/Short equity Guggenheim VF Long Short Equity Fund 5, 10, 13 Managed futures Columbia VP AQR Managed Futures Strategy Fund Class 2 5, 10 Market neutral Merger Fund VL Multi-alternative 3, 5, 10 Guggenheim VF Multi-Hedge Strategies 3, 5, 10 Neuberger Berman AMT Absolute Return Multi-Manager Portfolio Class S 2, Natural resources Van Eck VIPT Global Hard Assets Fund Class Class S Real estate Fidelity VIP Real Estate Portfolio Service Class 2 5, 7 NVIT Real Estate Fund Class II 5, 7 2, 5, 7 Morgan Stanley VIF Global Real Estate Portfolio Class II 6 7

Investment choices by fund family Investment choices by fund family (cont d) You ll find brand-name money managers you know throughout our investment lineup. For the investment options in the Nationwide Funds section on the next page, we ve hired the listed subadvisers to bring their strategies and experience to your portfolio. The investment options listed under all other fund families are available to you directly from the third-party managers themselves. ALPS VARIABLE INVESTMENT TRUST, 15 ALPS/Energy Infrastructure Portfolio Class III 2, 5, 14 ALPS/Red Rocks Listed Private Equity Portfolio Class III AMERICAN CENTURY VARIABLE PORTFOLIOS American Century VP Inflation Protection Fund Class II 6, 9 AMERICAN FUNDS INSURANCE SERIES American Funds Insurance Series Blue Chip Income and Growth Fund SM Class 4 American Funds Insurance Series Capital Income Builder Class 4 American Funds Insurance Series Global Small Cap Fund SM Class 4 2, 3 American Funds Insurance Series International Fund SM Class 4 2 American Funds Insurance Series New World Fund Class 4 2, 5 BLACKROCK VARIABLE SERIES FUNDS BlackRock Global Allocation V.I. Fund Class III BlackRock High Yield V.I. Fund Class III 4, 9 BlackRock Total Return V.I. Fund Class III 9 COLUMBIA FUNDS VARIABLE SERIES TRUST II Columbia VP High Yield Bond Fund Class II 4, 9 5, 10, 13 Columbia VP AQR Managed Futures Strategy Fund: Class 2 DELAWARE VARIABLE INSURANCE PRODUCTS Delaware VIPT Small Cap Value Series Service Class 3 DREYFUS INVESTMENT PORTFOLIOS Dreyfus IP Mid Cap Stock Portfolio Service Shares 3 EATON VANCE VARIABLE TRUST 4, 5, 9 Eaton Vance VT Floating-Rate Income Fund FIDELITY VARIABLE INSURANCE PRODUCTS FUNDS Fidelity VIP Balanced Portfolio Service Class 2 12 Fidelity VIP Growth Portfolio Service Class 2 Fidelity VIP Growth & Income Portfolio Service Class 2 Fidelity VIP Investment Grade Bond Portfolio Service Class 2 9 Fidelity VIP Real Estate Portfolio Service Class 2 5, 7 Fidelity VIP Strategic Income Portfolio Service Class 2 FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST Franklin Founding Funds Allocation VIP Fund Class 2 4, 12 Franklin Income VIP Fund Class 2 Franklin Mutual Global Discovery VIP Fund Class 2 2 Templeton Global Bond VIP Fund Class 2 2, 9 GOLDMAN SACHS VARIABLE INSURANCE TRUST Goldman Sachs VIT Global Trends Allocation Fund Service Shares 4, 5, 6, 9 Goldman Sachs VIT High Quality Floating Rate Fund Advisor Shares Goldman Sachs VIT Strategic Income Fund Advisor Shares GUGGENHEIM VARIABLE FUNDS 3, 10 Guggenheim VF Long Short Equity Fund Guggenheim VF Macro Opportunities 3, 5, 10 Guggenheim VF Multi-Hedge Strategies INVESCO 2, 10, 12, 13 Invesco VI Balanced-Risk Allocation Fund Series II Invesco VI Equally Weighted S&P 500 Fund Series II Invesco VI International Growth Fund Series II 2 IVY VARIABLE INSURANCE PORTFOLIOS Ivy VIP Energy JANUS ASPEN SERIES Janus Aspen Series Balanced Portfolio Service Shares 12 Janus Aspen Series Enterprise Portfolio Service Shares 3 Janus Aspen Series Flexible Bond Portfolio Service Shares 9 Janus Aspen Series Global Technology Portfolio Service Shares 2, 5 JPMORGAN INSURANCE TRUST 2, 10, 12 JPMorgan Insurance Trust Global Allocation Portfolio Class 2 10, 12 JPMorgan Insurance Trust Income Builder Portfolio Class 2 LAZARD RETIREMENT SERIES Lazard Retirement Emerging Markets Equity Portfolio Service Shares 2, 5 LEGG MASON PARTNERS VARIABLE INCOME TRUST ClearBridge Variable Aggressive Growth Portfolio Class II ClearBridge Variable Small Cap Growth Portfolio Class II 3 Western Asset Variable Global High Yield Bond Portfolio Class II LORD ABBETT SERIES FUNDS Lord Abbett Series Short Duration Income Portfolio Class VC 9 Lord Abbett Series Total Return Portfolio Class VC 9 MAINSTAY VP FUNDS TRUST Mainstay VP Convertible Portfolio Service 2 Class 5, 9 MERGER FUND VL 5, 10 Merger Fund VL MFS VARIABLE INSURANCE TRUST MFS VIT Blended Research Core Equity Portfolio Service Class MFS VIT Global Tactical Allocation Portfolio Service Class MFS VIT International Value Portfolio Service Class 2 MFS VIT Mid Cap Value Portfolio Service Class 3 MFS VIT Utilities Series Service Class 5 VESTME MORGAN STANLEY INVESTMENT MANAGEMENT 2, 5, 9 Morgan Stanley VIF Emerging Markets Debt Portfolio Class II Morgan Stanley VIF Global Infrastructure Portfolio Class II 2, 5 2, 5, 7 Morgan Stanley VIF Global Real Estate Portfolio Class II Morgan Stanley VIF Global Strategist Portfolio Class II NATIONWIDE VARIABLE INSURANCE TRUST (NVIT) Asset allocation funds NVIT Cardinal SM Aggressive Fund Class II NVIT Cardinal SM Moderately Aggressive Fund Class II NVIT Cardinal SM Capital Appreciation Fund Class II NVIT Cardinal SM Moderate Fund Class II NVIT Cardinal SM Balanced Fund Class II NVIT Cardinal SM Moderately Conservative Fund Class II NVIT Cardinal SM Conservative Fund Class II NVIT Investor Destinations Aggressive Fund Class II NVIT Investor Destinations Moderately Aggressive Fund Class II NVIT Investor Destinations Capital Appreciation Fund Class II NVIT Investor Destinations Moderate Fund Class II NVIT Investor Destinations Balanced Fund Class II NVIT Investor Destinations Moderately Conservative Fund Class II NVIT Investor Destinations Conservative Fund Class II Managed volatility funds 2, BlackRock NVIT Managed Global Allocation Fund Class II NVIT Cardinal SM Managed Growth Fund Class II NVIT Cardinal SM Managed Growth & Income Fund Class II NVIT Investor Destinations Managed Growth Fund Class II NVIT Investor Destinations Managed Growth & Income Fund Class II NVIT Managed American Funds Asset Allocation Fund Class II 8, 11 NVIT Managed American Funds Growth Income Fund Class II Multi-manager funds NVIT Emerging Markets Fund Class II 2, 5 Subadvisers: Lazard Asset Management LLC, Standard Life Investments NVIT Multi-Manager International Growth Fund Class II 2 Subadvisers: American Century Global Investment Management, Inc., Invesco Advisers, Inc. NVIT Multi-Manager International Value Fund Class II 2 Subadvisers: Dimensional Fund Advisors, JPMorgan Investment Management, Inc. NVIT Multi-Manager Large Cap Growth Fund Class II Subadvisers: MFS Investment Management, Smith Group Asset Management, Winslow Capital Management Multi-manager funds (cont d) NVIT Multi-Manager Large Cap Value Fund Class II Subadvisers: MFS Investment Management, The Boston Company Asset Management LLC, Wellington Management Company LLP NVIT Multi-Manager Mid Cap Growth Fund Class II 3 Subadvisers: Neuberger Berman Investment Advisers LLC, Wells Capital Management Inc. NVIT Multi-Manager Mid Cap Value Fund Class II 3 Subadvisers: American Century Investment Management, Thompson Siegel & Walmsley LLC, WEDGE Capital Management LLC NVIT Multi-Manager Small Cap Growth Fund Class II 3 Subadvisers: Oppenheimer Funds Inc., Wellington Management Company LLP NVIT Multi-Manager Small Cap Value Fund Class II 3 Subadvisers: Epoch Investment Partners Inc., JPMorgan Investment Management Inc. NVIT Multi-Manager Small Company Fund Class II 3 Subadvisers: Jacobs Levy Equity Management, Oppenheimer Funds Inc., Putnam Investment Management LLC Single manager funds American Century NVIT Multi Cap Value Fund Class II 3 Subadviser: American Century Investment Management Inc. American Funds NVIT Asset Allocation Fund Class II 12 American Funds NVIT Bond Fund Class II 9 American Funds NVIT Global Growth Fund Class II 2 American Funds NVIT Growth Fund Class II American Funds NVIT Growth-Income Fund Class II Blackrock NVIT Equity Dividend Fund Class I Subadviser: BlackRock Inc. 2, DFA NVIT Capital Appreciation Fund Class II Subadviser: Dimensional Fund Advisors DFA NVIT Moderate Fund Class II Subadviser: Dimensional Fund Advisors Federated NVIT High Income Bond Fund Class I 4, 9 Subadviser: Federated Investment Management Company Neuberger Berman NVIT Socially Responsible Fund Class II Subadviser: Neuberger Berman Investment Advisers LLC Neuberger Berman NVIT Multi Cap Opportunities Fund Class II 3 Subadviser: Neuberger Berman Investment Advisers LLC NVIT Core Bond Fund Class II 9 Subadviser: Nationwide Asset Management* NVIT Core Plus Bond Fund Class II 9 Subadviser: Neuberger Berman Investment Advisers LLC NVIT Government Bond Fund Class II 6, 9 Subadviser: Nationwide Asset Management* NVIT Government Money Market Fund Class II 1 Subadviser: Federated Investment Management Company NVIT International Equity Fund Class II 2 Subadviser: Lazard Asset Management LLC NVIT Large Cap Growth Fund Class II Subadviser: Boston Advisors, LLC * Nationwide Asset Management is an affiliate of Nationwide Fund Advisors and Nationwide Life Insurance Company. 8 9

Investment choices by fund family (cont d) Single manager funds (cont d) NVIT Multi Sector Bond Fund Class I Subadviser: Logan Circle Partners L.P. NVIT Nationwide Fund Class II Subadviser: Highmark Capital Management Inc. NVIT Real Estate Fund Class II 5, 7 Subadviser: Brookfield Investment Management Inc. NVIT Short Term Bond Fund Class II 9 Subadviser: Nationwide Asset Management* Templeton NVIT International Value Fund Class I 2 Subadviser: Templeton Investment Counsel LLC Index funds NVIT Bond Index Fund Class I 9 NVIT International Index Fund Class I 2 NVIT Mid Cap Index Fund Class I 3 NVIT S&P 500 Index Fund Class I NVIT Small Cap Index Fund Class II 3 NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST Neuberger Berman AMT Absolute Return Multi-Manager 5, 10 Portfolio Class S Index funds (cont d) OPPENHEIMER VARIABLE ACCOUNT FUNDS Oppenheimer Global Fund/VA Service Shares 2 Oppenheimer International Growth Fund/VA Service Shares 2 Oppenheimer Main Street Small Cap Fund /VA Service Shares 3 PIMCO VARIABLE INSURANCE TRUST 2, PIMCO VIT All Asset Portfolio Advisor Class PIMCO VIT CommodityRealReturn Strategy Portfolio Advisor Class 2, 5, 9 PIMCO VIT Emerging Markets Bond Portfolio Advisor Class PIMCO VIT Foreign Bond Portfolio (Unhedged) Advisor Class 2, 9 PIMCO VIT Foreign Bond Portfolio (US Dollar-hedged) Advisor Class 2, 9 PIMCO VIT Income Portfolio: Advisor Class PIMCO VIT Short Term Portfolio Advisor Class 9 PIMCO VIT Total Return Portfolio Advisor Class 9 PIMCO VIT Unconstrained Bond Portfolio Advisor Class PUTNAM VARIABLE TRUST Putnam VT Equity Income Fund IB Shares T. ROWE PRICE EQUITY SERIES T. Rowe Price Health Sciences Portfolio Class II 5 VAN ECK VIP TRUST Van Eck VIP Global Gold Fund: Service Class 2, Van Eck VIPT Global Hard Assets Fund Class S STATIC INVESTMENT MODELS Nationwide Guided Portfolio Strategies (GPS) The Nationwide GPS models offer a range of portfolio combinations based on their potential to achieve specific investment outcomes. Comprised of actively managed funds available with Nationwide Destination Freedom+, these four static models are available with goals-based strategies focused on: Capital Preservation, Growth & Income, Capital Appreciation and Enhanced Growth & Income. GPS Capital GPS Growth and Preservation Model Income Model 60+13+6+5+5+5+4+2 4% 2% 4% 3% 7% 6% 6% 7% 60% 60% 13% 10% GPS Capital GPS Enhanced Growth Appreciation Model and Income Model 3% 4% 3% 14% 7% 10% 4% 8% 60+10+8+4+7+3+3+560% 10% 8% 60+10+7+6+5+5+4+3 14+10+15+11+10 8% 10% 11% 1 Nationwide GPS fund guide NVIT Investor Destinations Moderately Conservative Fund Class II NVIT Investor Destinations Moderate Fund Class II NVIT Investor Destinations Moderately Aggressive Fund Class II Lazard Retirement Emerging Markets Equity Portfolio Service Shares Morgan Stanley VIF Global Real Estate Portfolio Class II Morgan Stanley UIF Emerging Markets Debt Portfolio Class II Eaton Vance VT Floating-Rate Income Fund Templeton Global Bond VIP Fund Class II Mainstay VP Convertible Portfolio NVIT Multi Sector Bond Fund Class I Van Eck VIPT Global Hard Assets Fund Initial Class Columbia VP AQR Managed Futures Strategy Fund Morgan Stanley UIF Global Infrastructure Portfolio Class II Western Asset Variable Global High Yield Bond Portfolio Class II Merger Fund VL 10 11

Things to keep in mind. Variable annuities are long-term, tax-deferred investments you buy from an insurance company to help you save for retirement. Their value fluctuates based on the performance of the underlying investment options you and your advisor pick. They allow you to create a stream of income, for a specified amount of time or for life, accessed either through systematic withdrawal, annuitization (at no extra cost) or the purchase of an optional rider. It s important to note that variable annuities have limitations and aren t right for all investors. If you decide to take your money out early: Your next steps. Work with your advisor to learn more about the investment choices available with the Nationwide Destination Freedom+ SM variable annuity. You may face surrender charges If you re not yet 59½, you may have to pay an additional 10% early withdrawal federal tax penalty on top of ordinary income taxes If a death benefit is available, the amount of your death benefit and the contract value will be reduced Any guarantees are based on the policy terms and conditions and are subject to the claims-paying ability of Nationwide Life Insurance Company. These guarantees don t apply to the performance of the underlying investment options, which are subject to investment risk, including possible loss of the money you ve invested. The investment options in a variable annuity are underlying subaccounts and cannot be purchased directly by the public. They are only available through variable annuity policies issued by life insurance companies. 12 13

Additional risks Small/mid-cap funds: Funds investing in stocks of small-cap, mid-cap or emerging companies may have less liquidity than those investing in larger, established companies and may be subject to greater price volatility and risk than the overall stock market. Bond funds: These funds have the same interest rate, inflation and credit risks associated with the underlying bonds owned by the fund. When interest rates rise, the price of bonds drop, and when interest rates drop, the price of bonds rise. International/emerging market funds: Funds that invest internationally in International/Emerging market stocks involve risks not associated with investing solely in the United States, such as currency fluctuation, political risk, differences in accounting and the limited availability of information. Commodities: Hard assets or basic goods used in commerce like corn, soybeans, gold, aluminum, natural gas, etc. Specific uncertainties associated with commodities investing include changes in supply and demand relationships due to environmental, economic and political factors, which may cause increased volatility and decreased liquidity. Real estate funds: Funds that focus on real estate investing are sensitive to economic and business cycles, changing demographic patterns and government actions. Inflation Protection bonds: Typically have lower yields than conventional fixed-rate bonds and are subject to the claims-paying ability of the issuer. While the funds invest primarily in the securities of the U.S. Government and its agencies, the values are not guaranteed by these entities.

Variable products are sold by prospectus. Both the product prospectus and underlying fund prospectuses can be obtained from your investment professional, by writing to Nationwide Life Insurance Company, P.O. Box 182021, Columbus, OH 43218-2021 or by visiting nationwide.com/variable-annuities.jsp. Before investing, carefully consider the fund s investment objectives, risks, charges and expenses. The product prospectus and underlying fund prospectuses contain this and other important information. Read the prospectuses carefully before investing. Funds in the Nationwide Variable Insurance Trust (NVIT) are distributed by Nationwide Fund Distributors LLC, member FINRA, Columbus, Ohio. Nationwide Fund Distributors is not affiliated with any subadviser mentioned in this brochure. All individuals selling these products must be licensed insurance agents and registered representatives. Variable annuities are issued by Nationwide Life Insurance Company, Columbus, Ohio. The general distributor is Nationwide Investment Services Corporation, member FINRA. Nationwide Asset Management is an affiliate of Nationwide Fund Advisors and Nationwide Life Insurance Company. FIDELITY, FIDELITY INVESTMENTS, FIDELITY INVESTMENTS and Pyramid logo are registered service marks of FMR LLC. Used with permission. NVIT Cardinal is a service mark of Nationwide Life Insurance Company. Nationwide, the Nationwide N and Eagle, Nationwide is on your side and Nationwide Destination Freedom+ are service marks of Nationwide Mutual Insurance Company. 2017 Nationwide Contract: ICC15-VACC-0105AOCV VAM-2522AO.4 (05/17)