This material is not a recommendation to buy, sell, hold or roll over any asset, adopt an investment strategy, retain a specific investment manager or use a particular account type. Investors should discuss their specific situation with their financial professional. Indexed universal life insurance policies are not stock market investments, do not directly participate in any stock or equity investments, and do not receive dividend or capital gains participation. Past performance of an index is no indication of future crediting rates.
Nationwide may discontinue any index that becomes unavailable (i.e., is no longer published) or the calculation of which is substantially changed. Nationwide may substitute with a comparable index or may adjust the method of calculating index segment interest.
Be sure to choose a product that meets long-term life insurance needs, especially if personal situations change — for example, marriage, birth of a child or job promotion. Weigh the costs of the policy and understand that life insurance has fees and charges that vary with sex, health, age and tobacco use. Riders that customize a policy to fit individual needs usually carry an additional charge.
The Goldman Sachs New Horizons Index uses volatility control methodologies. Volatility control reference indices tend to limit index performance highs and lows which generally allows Nationwide to offer greater participation rates on indexed interest strategies in an indexed universal life insurance product compared to other strategies in the same product. There is no guarantee that selecting a volatility control indexed interest strategy will result in greater interest crediting than indexed interest strategies that do not use a volatility control index or that any interest will be credited for a particular index segment.
The Goldman Sachs New Horizons Index performance information reflects a 0.50% per annum deduction rate along with replicating and rebalancing costs which will reduce the level of the index. In addition, this is an excess return index which includes calculation elements that reduce index performance, including that it does not allocate to any interest-bearing cash rate allocations. Because of this, an excess return version of an index will have lower performance than a total return version of the same index would, especially in high interest rate environments.
For additional information about the index’s strategy and related risks, see the index brochure at: https://www.goldmansachsindices.com/products/GSNHRZON
This product is not sponsored, endorsed, sold, guaranteed, underwritten, distributed or promoted by Goldman Sachs & Co. or any of its affiliates (including Goldman Sachs Asset Management, L.P.), with the exception of any endorsement, sales, distribution or promotion of this product that may occur through its affiliates that are licensed insurance agencies (excluding such affiliates, individually and collectively, “Goldman Sachs”) or its third party data providers. Goldman Sachs and its third party data providers make no representation or warranty, express or implied, regarding the advisability of purchasing life insurance products generally or in this product or in the investment strategy underlying this product particularly, the ability of the Goldman Sachs New Horizons Index (the “Index”) to perform as intended, the merit (if any) of obtaining exposure to the Goldman Sachs New Horizons Index or the suitability of purchasing or holding interests in this product. Goldman Sachs and its third party data providers do not have any obligation to take the needs of the holders of this product into consideration in determining, composing or calculating the Goldman Sachs New Horizons Index.
GOLDMAN SACHS DOES NOT GUARANTEE THE ADEQUACY, TIMELINESS, ACCURACY AND/OR COMPLETENESS OF GOLDMAN SACHS NEW HORIZONS INDEX OR OF THE METHODOLOGY UNDERLYING THE INDEX, THE CALCULATION OF THE INDEX OR ANY DATA SUPPLIED BY IT FOR USE IN CONNECTION WITH THIS PRODUCT. GOLDMAN SACHS HEREBY EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN OR IN THE CALCULATION THEREOF. GOLDMAN SACHS EXPRESSLY DISCLAIMS ALL LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGE EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
THIRD PARTY DATA IS USED UNDER LICENSE AS A SOURCE OF INFORMATION FOR GOLDMAN SACHS NEW HORIZONS INDEX. THIRD PARTY PROVIDER HAS NO OTHER CONNECTION TO GOLDMAN SACHS INDEXES AND SERVICES AND DOES NOT SPONSOR, ENDORSE, RECOMMEND OR PROMOTE ANY GOLDMAN SACHS INDEX OR SERVICES. THIRD PARTY PROVIDER HAS NO OBLIGATION OR LIABILITY IN CONNECTION WITH THE GOLDMAN SACHS INDEX AND SERVICES. THIRD PARTY PROVIDER DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ANY MARKET DATA LICENSED TO GOLDMAN SACHS AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN THIRD PARTY PROVIDER AND GOLDMAN SACHS.
‘Goldman Sachs,’ ‘Goldman,’ ‘Goldman Sachs New Horizons Index’ are trademarks or service marks of Goldman Sachs & Co. and have been licensed for use by Nationwide Life and Annuity Insurance Company for use in connection with this product.
The Goldman Sachs New Horizons Index performance information reflects a 0.50% per annum deduction rate, and servicing (based on notional positions) and rebalancing (based on turnover) costs at rates that vary based on the underlying assets at the Goldman Sachs New Horizons Index level and also within certain underlying assets, but there may be additional fees and costs that are separately applied to this product. Because certain costs are based on both turnover and a market-based rate, such costs are not predictable and may increase substantially in the future, especially during periods of market stress. Further, the deduction rate and costs will reduce the potential positive change in the Goldman Sachs New Horizons Index performance and increase the potential negative change in the Goldman Sachs New Horizons Index performance.
Guarantees are subject to the claims-paying ability of the issuing insurer. Products are issued by Nationwide Life and Annuity Insurance Company, Columbus, Ohio.
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