Liquidation: Nationwide VLI Separate Account-7

Form Type: 497

Filing Date: 2025-01-15

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525006692

Filing Summary: This document serves as a supplement dated January 15, 2025, to various statutory prospectuses for different Nationwide YourLife Protection products. It informs investors about the approval by the Board of Trustees of the Goldman Sachs Variable Insurance Trust to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio, effective April 11, 2025. Investors are notified that as of April 7, 2025, the Liquidating Fund will not accept any new purchases or transfers. During the interim period leading to the liquidation, investors can transfer their allocations to other available options without being subject to normal transfer limitations. On the Liquidation Date, remaining assets will be moved to the NVIT Government Money Market Fund: Class V, and references to the Liquidating Fund will be removed post-liquidation.

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Form Type: 497

Filing Date: 2025-01-15

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525006695

Filing Summary: This document is a supplement dated January 15, 2025, updating the statutory prospectus for a series of variable annuity contracts. It provides important information regarding the liquidation of the Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares, referred to as the Liquidating Fund. The liquidation is anticipated to occur on or about April 11, 2025. Effective April 7, 2025, the Liquidating Fund will no longer accept transfers or new purchase payments. Investors with allocations in the Liquidating Fund can transfer allocations to other available investment options until the Liquidation Date, and these transfers will not count towards transfer limitations. On the Liquidation Date, remaining assets will be moved to the Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I. After the Liquidation Date, all references to the Liquidating Fund will be removed from the documents.

Document Link: View Document

Form Type: 497

Filing Date: 2025-01-15

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525006703

Filing Summary: This document is a supplement dated January 15, 2025, for several statutory prospectuses related to various Nationwide YourLife products. It announces the approval by the Board of Trustees of the Goldman Sachs Variable Insurance Trust to liquidate the Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares. The liquidation is expected on or about April 11, 2025. Effective April 7, 2025, the Liquidating Fund will no longer accept transfers or new purchase payments. Until the Liquidation Date, investors currently allocated to the Liquidating Fund may transfer their allocations to any other available investment option without being subject to transfer limitations. On the Liquidation Date, any remaining assets will be transferred to the Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class V, and all references to the Liquidating Fund will be deleted after this date.

Document Link: View Document

Form Type: 497

Filing Date: 2025-01-15

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525006704

Filing Summary: This document is a supplement dated January 15, 2025, to various statutory prospectuses for different Nationwide YourLife Variable Universal Life (VUL) insurance products. It announces the decision by the Board of Trustees of the Goldman Sachs Variable Insurance Trust to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares, referred to as the Liquidating Fund. The liquidation is expected to occur on or about April 11, 2025. Effective April 7, 2025, the Liquidating Fund will not accept new transfers or purchase payments, and investors with existing allocations can transfer to other investment options without penalties until the liquidation date. On the liquidation date, remaining assets will be transferred to the Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class V, and all references to the Liquidating Fund will be removed after this date.

Document Link: View Document