Summary Prospectus for New Investors by Investment Company (Form 497VPI)

Nationwide® Survivorship Variable Universal Life II - Series H

Last Survivor Flexible Premium Adjustable Variable Universal Life Insurance Policies

Issued by

Nationwide Life and Annuity Insurance Company

through its

Nationwide VL Separate Account-G

Summary Prospectus for New Investors

May 1, 2026

The policy described in this prospectus is not available in the state of New York.

This Summary Prospectus summarizes key features of the policy. Not all benefits and features are available in all states. Check the statutory prospectus for information relating to state availability.

Before you invest, you should also review the statutory prospectus for the policy, which contains more information about the policy's features, benefits, and risks. You can find this document and other information about the policy online at https://nationwide.onlineprospectus.net/NW/SVULII-H/index.html?ctype=product_prospectus. You can also obtain this information at no cost by calling 1-800-848-6331 or by sending an email request to [email protected].

Under state law a Policy Owner may, for a limited time, cancel the policy and receive a refund (commonly referred to as the "right to cancel" period). The length of the right to cancel period depends on state law and may vary depending on whether the policy was purchased to replace another policy. The minimum right to cancel period is 10 days. Upon cancellation, Nationwide will refund the amount prescribed by state law. The amount Nationwide refunds will be Cash Value and any charges deducted or, in certain states, the greater of the Premium paid or the policy's Cash Value plus any charges deducted. For more information, see Right to Cancel (Examination Right) in the statutory prospectus.

You should review the statutory prospectus, or consult with your financial professional, for additional information about the specific cancellation terms that apply.

Additional information about certain investment products, including variable life insurance policies, has been prepared by the SEC's staff and is available at Investor.gov.

 

	Page
Glossary	3
Important Information You Should Consider About the Policy	5
Overview of the Policy	8
Purpose	8
Premiums	8
Policy Features	8
Standard Death Benefit	10
Standard Death Benefit Options	10
Calculation of the Death Benefit	10
The Minimum Required Death Benefit	10
Other Benefits Available Under the Policy	11
Buying the Policy	14
Premium Payments	14
How Your Policy Can Lapse	15
Guaranteed Policy Continuation Provision	15
Grace Period	15
Reinstatement	16
Making Withdrawals: Accessing the Money in Your Policy	16
Full Surrender	16
Partial Surrender	16
Additional Information About Fees	18
Appendix: Underlying Mutual Funds Available Under the Policy	22
Extended No-Lapse Guarantee Rider Investment Options	26

Glossary 

Accumulation Unit - An accounting unit of measure of an investment in, or share of, a Sub-Account. Accumulation Unit values are initially set at $10 for each Sub-Account.

Attained Age - A person's Issue Age plus the number of full years since the Policy Date.

Base Policy Specified Amount - The amount of insurance coverage selected under the base policy, excluding any Rider coverage.

Cash Surrender Value - The Cash Value minus Indebtedness and any surrender charge.

Cash Value - The total amount allocated to the Sub-Accounts, the policy loan account, and the Fixed Account.

Code - The Internal Revenue Code of 1986, as amended.

Death Benefit - The amount paid upon the Surviving Insured's death, before the deduction of any Indebtedness, reduction for any long-term care benefits paid, adjustments or reductions under the Long-Term Care Rider, or due and unpaid policy charges.

Directed Monthly Deductions - A Policy Owner's election to have deductions for monthly policy charges, including Rider charges, deducted from a single Sub-Account or the Fixed Account. If the selected investment option's value is insufficient to cover the full monthly deduction, the remainder of the monthly deduction will be deducted as described in How Monthly Charges are Deducted. The amounts allocated to Enhanced Dollar Cost Averaging programs and any Extended No-Lapse Guarantee Rider Advantage Program Value are not available for Directed Monthly Deduction election.

Extended No-Lapse Guarantee Rider Advantage Program Value ("Program Value") - Premium received during the first policy year, plus loan repayments to the extent of Program Value that was transferred to the collateral account for a policy loan, and Investment Experience on those amounts minus amounts transferred pursuant to the Extended No-Lapse Guarantee Rider Advantage Program, partial surrenders, and policy and Rider charges deducted. Policy loan interest is not credited to the Program Value.

Fixed Account - An investment option that is funded by Nationwide's general account.

Four Year Term Insurance Rider Specified Amount - The dollar amount of the death benefit provided by the Four Year Term Insurance Rider, if elected and In Force.

Grace Period - A 61-day period after which the Policy will Lapse if sufficient payments are not made to prevent Lapse.

In Force - Any time during which benefits are payable under the policy and any elected Rider(s).

Indebtedness - The total amount of all outstanding policy loans, including principal and interest due.

Insureds - The persons whose lives are insured under the policy. The death of the Surviving Insured triggers payment of the Death Benefit.

Investment Experience - The market performance of a mutual fund/Sub-Account.

Issue Age - A person's age based on their birthday nearest the Policy Date. If their last birthday was more than 182 days prior to the Policy Date, their nearest birthday will be their next birthday.

Lapse - The policy terminates without value.

Long-Term Care Specified Amount - The elected Long-Term Care Rider benefit amount adjusted for any post issue increases and decreases.

Maturity Date - The policy anniversary on which the younger Insured reaches, or would have reached, Attained Age 120.

Minimum Required Death Benefit - The lowest Death Benefit that will qualify the policy as life insurance under the Code.

Nationwide - Nationwide Life and Annuity Insurance Company.

Net Amount At Risk - The base policy's Death Benefit minus the policy's Cash Value.

Net Premium - Premium after transaction charges, but before any allocation to an investment option.

Important Information You Should Consider About the Policy 

FEES AND EXPENSES (see Additional Information About Fees later in this summary prospectus and Expenses in the statutory prospectus)
Charges for Early Withdrawals	Surrender Charge - For up to 15 years from the Policy Date, or effective date of any Base Policy Specified Amount increase, a surrender charge is deducted if the policy is surrendered, Lapses, or there is a requested decrease of the Base Policy Specified Amount (see Surrender Charge in the statutory prospectus). This charge will vary based upon the individual characteristics of the Insureds. The maximum surrender charge is $47.50 per $1,000 of Base Policy Specified Amount, or 4.750% of the Base Policy Specified Amount. For example, for a policy with a $100,000 Base Policy Specified Amount, a complete surrender could result in a surrender charge of $4,750.   Partial Surrender Fee - Deducted from the partial surrender amount requested (see Partial Surrender Fee in the statutory prospectus). Currently, Nationwide waives the Partial Surrender Fee. Nationwide may elect in the future to assess a Partial Surrender Fee. The Partial Surrender Fee assessed to each surrender will not exceed the lesser of $25 or 5% of the amount surrendered.
Transaction Charges	The Policy Owner may also be charged for other transactions as follows: ● Percent of Premium Charge - Deducted from each Premium payment applied to a policy. ● Service Fee - Upon requesting an illustration, policy loan, or copies of transaction confirmations and statements. ● Rider Charges - One time rider charges for certain benefits, deducted upon invoking the rider. See Standard Policy Charges and Policy Riders and Rider Charges in the statutory prospectus.
Ongoing Fees and Expenses (periodic charges)	In addition to surrender charges, interest on any outstanding policy loans, and transaction charges, an investment in the policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance under the policy and the cost of optional benefits available under the policy, and such fees and expenses are set based on characteristics of the Insureds (e.g., ages, sexes, and rating classifications), see Standard Policy Charges and Policy Riders and Rider Charges in the statutory prospectus. Please refer to the Policy Specification Pages of your policy for rates applicable to the policy.
	A Policy Owner will also bear expenses associated with the underlying mutual funds under the policy, as shown in the following table:
	Annual Fee	Minimum	Maximum
	Investment options (underlying mutual fund fees and expenses)	0.11%1	1.22%1
	1 As a percentage of underlying mutual fund net assets.

 

RISKS
Risk of Loss	Policy Owners can lose money by investing in the policy, including loss of principal (see Principal Risks in the statutory prospectus).
Not a Short-Term Investment	The policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash (see Principal Risks in the statutory prospectus).   A surrender charge may apply (see Surrender Charge in the statutory prospectus). In addition, taking policy loans may increase the risk of Lapse and may result in adverse tax consequences (see Policy Loans in the statutory prospectus).
Risks Associated with Investment Options	● Investment in this policy is subject to the risk of poor investment performance. Investment Experience can vary depending on the performance of the investment options chosen by the Policy Owner. ● Each investment option, including the Fixed Account, will have its own unique risks. ● Review the prospectuses and disclosures for the investment options before making an investment decision. See Principal Risks in the statutory prospectus.

Overview of the Policy

Purpose

The primary benefit of this policy is life insurance coverage on the lives of two Insureds, see Purchasing a Policy in the statutory prospectus. Nationwide will pay the Death Benefit Proceeds upon the Surviving Insured's death if the Insured dies while the policy is In Force. The policy is In Force when: the policy has been issued; the initial Premium has been paid; at least one Insured is living; the policy has not been surrendered for its Cash Surrender Value; and the policy has not Lapsed.

The Cash Value and Death Benefit, to the extent the Death Benefit includes or is based on the Cash Value, will not be fixed but will be dependent on the investment performance of the investment options in which the Policy Owner is invested, and cumulative Variable Account and policy charges assessed by Nationwide over the life of the policy.

Prospective purchasers should consult with a financial professional to determine whether this policy is appropriate for them, taking into consideration his/her particular needs, including investment objectives, risk tolerance, investment time horizon, marital status, tax situation, and other personal characteristics. In addition to life insurance coverage on the lives of two Insureds, the policy may also be appropriate for persons seeking the potential for the accumulation of Cash Value for supplemental income. Generally speaking, this policy is intended as a long-term investment, it is not a short-term investment and is not appropriate for an investor who needs ready access to cash, see Principal Risks in the statutory prospectus.

Premiums

The Policy Owner will select a Premium payment plan for the policy at the time of application. Within limits, the Policy Owner may vary the frequency and amount of Premium payments, see Premium Payments and Unfavorable Sub-Account Investment Experience in the statutory prospectus.

Net Premium, loan repayments, and Cash Value may be allocated among fixed and/or variable investment options available in the policy. However, loan repayments are subject to the default allocation prioritization stated in the policy, see Repayment in the statutory prospectus.

The fixed interest option offered under the policy is the Fixed Account which will earn interest daily at an effective annual rate, see Fixed Account and Risk of Allocating Cash Value to the Fixed Account in the statutory prospectus. As a general account option, amounts credited to the Fixed Account are dependent on Nationwide's financial strength and claims paying ability.

The variable investment options offered under the policy correspond to mutual funds designed to be the underlying investment options of variable insurance products. Nationwide VL Separate Account-G contains a separate Sub-Account for each of the underlying mutual funds offered in the policy.

Additional information about the underlying mutual funds is available in Appendix: Underlying Mutual Funds Available Under the Policy.

Payment of insufficient Premium may cause the policy to Lapse.

Policy Features

Death Benefit Options

Note: The Death Benefit will be the greater of the amount produced by the death benefit option in effect on the date of the Surviving Insured's death or the Minimum Required Death Benefit, see The Minimum Required Death Benefit in the statutory prospectus.

Death Benefit Option 1: The Death Benefit will be the Base Policy Specified Amount as of the Surviving Insured's date of death.

Death Benefit Option 2: The Death Benefit will be the Base Policy Specified Amount plus the Cash Value as of the Surviving Insured's date of death.

For additional information, see Standard Death Benefit Options in the statutory prospectus.

Choice of Policy Proceeds

The Policy Proceeds may be paid in a lump sum, or a variety of options that will pay out over time.

Coverage Flexibility

Subject to conditions, the Policy Owner may choose to:

Continuation of Coverage Guarantee Feature

The policy will remain In Force during the policy continuation period as long as sufficient Premium is paid to meet the requirements set forth in Guaranteed Policy Continuation Provision in the statutory prospectus.

Access to Cash Value

Subject to conditions, the Policy Owner may:

Transfer Requests

Generally, Policy Owners may request to transfer allocations between the Fixed Account and Sub-Accounts daily. Requests to transfer allocations between policy investment options will be processed in the Valuation Period they are received at the Service Center as long as the request is in good order. Requests that are not in good order may be delayed or returned, see Contacting the Service Center in the statutory prospectus.

Restrictions or limitations on transfers from the Fixed Account option(s) may delay a Policy Owner's ability to transfer Cash Value to the Sub-Accounts. Additionally, transfer requests from a Sub-Account may be subject to short-term trading fees and policies and procedures intended to reduce the potentially detrimental impact that disruptive trading has on Investment Experience. For additional information, see Transfers Among and Between the Policy Investment Options in the statutory prospectus.

Taxes

Earnings on the policy are generally not taxable to the Policy Owner, unless withdrawn from the policy. This is known as tax deferral. In addition, beneficiaries generally will not have to include Death Benefit Proceeds as taxable income, see Taxes in the statutory prospectus.

Assignment

Policy Owners may assign the policy as collateral for a loan or another obligation while the policy is In Force, see Assigning the Policy in the statutory prospectus.

Right to Cancel (Examination Right)

For a limited time, the Policy Owner may cancel the policy and Nationwide will refund the amount prescribed by state law, see Right to Cancel (Examination Right) in the statutory prospectus.

Riders

The Policy Owner may purchase one or more of the Riders listed below, subject to availability in the state where the policy is issued. There may be additional charges assessed for elected Riders and Rider charges may vary based upon the individual characteristics of the Insureds. Operation and benefits of the Riders described in this prospectus may vary by the state where the policy is issued.

For additional information, see Policy Riders and Rider Charges in the statutory prospectus.

Standard Death Benefit

Standard Death Benefit Options

Policy Owners have a choice of one of two available death benefit options under the policy. If a death benefit option is not selected, Nationwide will issue the policy with Death Benefit Option 1.

Note: The Death Benefit will be the greater of the amount produced by the death benefit option in effect on the date of the Surviving Insured's death or the Minimum Required Death Benefit, see The Minimum Required Death Benefit in the statutory prospectus.

Death Benefit Option 1: The Death Benefit will be the Base Policy Specified Amount as of the Surviving Insured's date of death.

Death Benefit Option 2: The Death Benefit will be the Base Policy Specified Amount plus the Cash Value as of the Surviving Insured's date of death.

Calculation of the Death Benefit

The Death Benefit will be calculated when Nationwide has received (at the Service Center) all information required to process the claim for Death Benefit Proceeds, including, but not limited to, proof that both Insureds have died and any other information Nationwide may reasonably require. The Death Benefit may be subject to an adjustment if an error or misstatement was made upon application, the Surviving Insured dies by suicide, benefits were paid under a Rider that accelerated all or a portion of the Death Benefit, and if the Long-Term Care Rider is elected, when the Rider's Lapse protection feature is keeping the policy In Force when the Surviving Insured dies.

While the policy is In Force, the Death Benefit will never be less than the Base Policy Specified Amount. The Death Benefit will depend on the death benefit option elected, certain Riders, and the tax test elected as discussed in greater detail below. The Death Benefit may vary with the Cash Value of the policy, which is affected by Investment Experience, Indebtedness, and any due and unpaid monthly deductions that accrued during a Grace Period.

The Minimum Required Death Benefit

The policy has a Minimum Required Death Benefit. The Minimum Required Death Benefit is the lowest Death Benefit that will qualify the policy as life insurance under Section 7702 of the Code.

The tax tests for life insurance generally require that the policy have a significant element of life insurance and not be primarily an investment vehicle. At the time the policy is issued, the Policy Owner irrevocably elects one of the following tests to qualify the policy as life insurance under Section 7702 of the Code:

If a specific test is not elected, Nationwide will issue the policy with the guideline premium/cash value corridor test.

Cash Value Accumulation Test

The cash value accumulation test determines the Minimum Required Death Benefit by multiplying the Cash Value by a percentage calculated as described in the Code. The percentages depend upon the Insureds' ages, sexes, and underwriting classifications. Under the cash value accumulation test, there is no limit to the amount that may be paid in Premiums as long as there is sufficient Death Benefit in relation to the Cash Value at all times.

Guideline Premium/Cash Value Corridor Test

The guideline premium/cash value corridor test determines the Minimum Required Death Benefit by comparing the Death Benefit to an applicable percentage of the Cash Value. These percentages are set out in the Code, but the percentage varies only by the Attained Age of the younger Insured.

In deciding which test to elect for the policy, consider the following:

Regardless of which test is elected, Nationwide will monitor compliance to ensure that the policy meets the statutory definition of life insurance under the Code. As a result, the Death Benefit Proceeds payable under a policy should be excludable from gross income of the beneficiary for federal income tax purposes. Nationwide may refuse additional Premium payments or return Premium payments so that the policy continues to meet the Code's definition of life insurance. Consult a qualified tax advisor on all tax matters involving the policy.

Other Benefits Available Under the Policy

In addition to the standard death benefit options available under the policy, other standard or optional benefits may also be available to you. The following table summarizes information about these other benefits. For additional information on the policy's Riders, see Policy Riders and Rider Charges in the statutory prospectus. Additional information on the fees associated with each benefit is in Additional Information About Fees later in this summary prospectus. The availability of policy benefits may vary depending on the broker-dealer through which the policy is sold (see Appendix C: Financial Intermediary Variations in the statutory prospectus). 

Name of Benefit	Purpose	Is Benefit Standard or Optional	Brief Description of Restrictions/Limitations
Guaranteed Policy Continuation	During the No-Lapse Guarantee Period, the policy will not Lapse if Premium requirements are satisfied	Standard	● The No-Lapse Guarantee Monthly Premium can change due to action by the Policy Owner ● When the No-Lapse Guarantee Period ends, the policy may be at risk of Lapse ● Duration of the benefit period varies based on the younger Insured's Issue Age See Guaranteed Policy Continuation Provision in the statutory prospectus
Dollar Cost Averaging	Long-term transfer program involving automatic transfer of assets	Standard	● Transfers are only permitted from the Fixed Account and a limited number of Sub-Accounts ● Transfers may not be directed to the Fixed Account ● Transfers from the Fixed Account must be no more than 1/12th of the Fixed Account value at the time the program is elected ● Nationwide may modify, suspend, or discontinue these programs at any time ● Transfers are only made monthly See Policy Owner Services in the statutory prospectus

Name of Benefit	Purpose	Is Benefit Standard or Optional	Brief Description of Restrictions/Limitations
Extended No-Lapse Guarantee Advantage Program	To provide a reduced percent of Premium no-lapse guarantee charge factor rate if Program requirements are met	Optional	● Only available to be elected at the time of application when the Extended No-Lapse Guarantee Rider is elected ● Only Premium received during the first policy year in excess of a designated dollar amount receives the reduced charge factor rate ● All Premium received during the first policy year is applied to the program's originating Sub-Account ● Transfers are only made monthly from the date the initial Premium is applied and the program terminates after 60 transfers ● Available investment options to receive program transfers are limited to the options available under the Extended No-Lapse Guarantee Rider ● Enhanced dollar cost averaging is not available when the Advantage Program is elected ● Program Value is not available to participate in dollar cost averaging, asset rebalancing programs, or Directed Monthly Deductions ● Requested termination of the program is not permitted without first terminating the Extended No- Lapse Guarantee Rider

Buying the Policy

Initial Premium Payment

The required initial Premium payment amount is stated in the Policy Specification Pages and will depend on the following factors: the initial Base Policy Specified Amount, death benefit option elected, any Riders elected, and both Insureds' Attained Ages, sexes, health, and activities. Initial Premium may be paid to the Service Center or to an authorized Nationwide representative. The initial Premium payment will not be applied to the policy until the underwriting process is complete.

Premium Payments

This policy does not require a payment of a scheduled Premium amount to keep it In Force. It will remain In Force as long as the conditions that cause a policy to Lapse do not exist, see Lapse and Unfavorable Sub-Account Investment Experience in the statutory prospectus. Premium payment reminder notices will be sent according to the Premium payment schedule selected by the Policy Owner. Additional Premium payments must be submitted to the Service Center. Each Premium payment must be at least $25. Upon request, Nationwide will furnish Premium payment receipts. Policy Owners may make additional Premium payments at any time while the policy is In Force and prior to the Maturity Date, subject to the following:

Premium payments will be allocated to the Sub-Accounts and Fixed Account according to the allocation instructions in effect at the time the Premium is received, subject to the limitation that Nationwide may refuse Premium allocations, including initial Premium, to the Fixed Account if Cash Value allocated to the Fixed Account is, or as a result would become, greater than 50% of a policy's total Cash Value.

The Policy Owner may change how future Premium will be allocated at any time while the policy is In Force by notifying Nationwide in writing.

How Your Policy Can Lapse

The policy is at risk of Lapsing when the Cash Surrender Value is insufficient to cover the monthly policy charges, including Rider charges, see Unfavorable Sub-Account Investment Experience in the statutory prospectus. A Policy Owner can avoid Lapsing the policy by paying the amount required by the Guaranteed Policy Continuation Provision, purchasing and meeting the requirements of the Extended No-Lapse Guarantee Rider, or by invoking the Overloan Lapse Protection Rider II to prevent the policy from Lapsing due to Indebtedness. Before any Lapse, there is a Grace Period during which a Policy Owner can take action to prevent the Lapse. Subject to certain conditions, a Policy Owner may reinstate a policy that has Lapsed.

Guaranteed Policy Continuation Provision

The policy provides for a Guaranteed Policy Continuation Provision during the No-Lapse Guarantee Period shown in the Policy Specification Pages. During the No-Lapse Guarantee Period, the policy will not Lapse if at the time a Lapse would otherwise occur, the Premium paid, reduced for any Indebtedness, partial surrenders, and/or Returned Premiums, is equal to or greater than the sum of the No-Lapse Guarantee Monthly Premium in effect for each respective month since the policy was issued.

The No-Lapse Guarantee Monthly Premium required is stated in the Policy Specification Pages and will vary by the Insureds' Issue Ages, sexes, underwriting classifications, any Substandard Ratings, the Base Policy Specified Amount and any Riders elected.

The No-Lapse Guarantee Monthly Premium can only change due to action taken by the Policy Owner. If a Policy Owner has made any changes to the policy after it is issued, including any partial surrenders, increases or decreases to the Base Policy Specified Amount, adding or terminating a Rider, and/or changing the death benefit option, the No-Lapse Guarantee Monthly Premium may change. A change will result in reissued Policy Specification Pages which will show the new No-Lapse Guarantee Monthly Premium. Upon request and for no charge, Nationwide will determine whether Premium payments, minus any Indebtedness and partial surrenders, and/or Returned Premiums are sufficient to keep the Guaranteed Policy Continuation Provision in effect.

When the No-Lapse Guarantee Period ends, if the Cash Surrender Value remains insufficient to cover the monthly policy charges, the policy is at risk of Lapsing and a Grace Period will begin. There is no separate additional charge for the Guaranteed Policy Continuation Provision.

Grace Period

If the Cash Surrender Value on any Policy Monthaversary is not sufficient to cover the current monthly deductions and the requirements of the Guaranteed Policy Continuation Provision or the Extended No-Lapse Guarantee Rider, if applicable, are not met, then a Grace Period will begin. At the beginning of a Grace Period, the Policy Owner will receive a notice from Nationwide that will indicate the amount of Premium that must be paid to avoid Lapsing the policy. If the required Premium is not paid within 61 days, the policy and all Riders will Lapse. The amount is equal to:

(1) The lesser of:

(2) Premium projected to keep the policy In Force for three additional months.

The Grace Period will not alter the operation of the policy or the payment of Proceeds.

Reinstatement

A Policy Owner may request reinstatement of a Lapsed policy by:

The Policy Owner may also reinstate coverage under certain Riders subject to satisfactory evidence of insurability.

If Nationwide approves the application for reinstatement and receives the required Premium, the effective date of a reinstated policy, including any reinstated Riders, will be the coinciding or next Policy Monthaversary following the date Nationwide approves the application for reinstatement.

If the policy is reinstated, the Cash Value on the date of reinstatement will be set equal to the lesser of the surrender charge corresponding to the policy year in which the policy is reinstated plus the amount of any reinstated Indebtedness or the Cash Value at the end of the most recent Grace Period. Nationwide will add any Premiums or loan repayments that were made to reinstate the policy to the Cash Value.

The Cash Value will be applied to the policy investment options according to the Policy Owner's most recent allocation instructions for Net Premium.

Making Withdrawals: Accessing the Money in Your Policy

Full Surrender

The policy may be surrendered for the Cash Surrender Value at any time while it is In Force. A surrender will be effective as of the date Nationwide receives the Policy Owner's written surrender request in good order at the Service Center. Nationwide reserves the right to require written requests to be submitted on current Nationwide forms. Any applicable surrender charges will be deducted from the policy's Cash Value, see Surrender Charge in the statutory prospectus. See Payment of Policy Proceeds in the statutory prospectus for additional information.

Partial Surrender

A Policy Owner may request a partial surrender of the policy's Cash Surrender Value at any time after the first policy year. A partial surrender will be effective as of the date Nationwide receives the Policy Owner's written request at the Service Center. Nationwide reserves the right to require written requests to be submitted on current Nationwide forms. Notwithstanding anything to the contrary set forth in this prospectus, Nationwide may accept requests submitted via telephone, subject to dollar amount limitations and payment and other restrictions to prevent fraud. Nationwide reserves the right to discontinue acceptance of telephonic requests at any time upon written notice. Contact the Service Center for current limitations and restrictions, see Contacting the Service Center in the statutory prospectus. A Partial Surrender Fee

may be applied to each partial surrender that equals the lesser of $25 or 5% of the amount surrendered. Currently, Nationwide waives the partial surrender fee, see Partial Surrender Fee in the statutory prospectus. See Payment of Policy Proceeds in the statutory prospectus for additional information.

A partial surrender cannot cause the Base Policy Specified Amount to be reduced below the Minimum Base Policy Specified Amount indicated in the Policy Specification Pages, and after any partial surrender, the policy must continue to qualify as life insurance under Section 7702 of the Code. Partial surrenders may be subject to income tax penalties. They could also cause the policy to become a "modified endowment contract" under the Code, which could change the income tax treatment of any distribution from the policy, see Taxes in the statutory prospectus.

Reduction of the Base Policy Specified Amount due to a Partial Surrender

When a partial surrender is taken, the Base Policy Specified Amount will be reduced by the amount necessary to prevent an increase in the Net Amount At Risk. The Base Policy Specified Amount reduction will not exceed the partial surrender amount. The policy's charges going forward will be based on the new Base Policy Specified Amount.

Any reduction of the Base Policy Specified Amount will be made in the following order: against the most recent increase in the Base Policy Specified Amount, then against the next most recent increases in the Base Policy Specified Amount in succession, and finally, against the initial Base Policy Specified Amount.

Additional Information About Fees

The following tables describe the fees and expenses that a Policy Owner will pay when buying, owning, and surrendering or taking partial surrenders from the policy. Please refer to the Policy Specification Pages of your policy for information about the specific fees you will pay based on the options you have elected.

The first table describes the fees and expenses that a Policy Owner will pay at the time the Policy Owner pays Premium into the policy, surrenders or takes partial surrenders from the policy, or transfers Cash Value between investment options. 

Transaction Fees
Charge	When Charge is Deducted	Amount Deducted
Percent of Premium Charge	Upon making a Premium payment	Maximum: 12% of each Premium	Currently: 6% of each Premium
Service Fee1	Upon requesting an illustration, policy loan, or copies of transaction confirmations and statements	Maximum: $25	Currently: $0
Partial Surrender Fee	Upon a partial surrender	Maximum: lesser of $25 or 5% of the amount surrendered from the policy's Cash Value	Currently: $0
Surrender Charge†	Upon surrender, policy Lapse, and certain Base Policy Specified Amount decreases	Maximum: $47.50 per $1,000 of Base Policy Specified Amount	Minimum: $1.17 per $1,000 of Base Policy Specified Amount
Representative: male, Issue Age 55, non- tobacco and female, Issue Age 55 non- tobacco, Base Policy Specified Amount of $1,000,000; Death Benefit Option 1; and a complete surrender of the policy in year one	Upon surrender, policy Lapse, and certain Base Policy Specified Amount decreases	$23.46 per $1,000 of Base Policy Specified Amount from the policy's Cash Value
Overloan Lapse Protection Rider II Charge†	Upon invoking the Rider	Maximum: $185.00 per $1,000 of Cash Value	Minimum: $1.50 per $1,000 of Cash Value
Representative: the younger Insured is Attained Age 85 with a Cash Value of $500,000, assuming the guideline premium/cash value corridor life insurance qualification test is elected	Upon invoking the Rider	$32 per $1,000 of Cash Value
Extended No-Lapse Guarantee Rider Percent of Premium Charge†	Upon making a Premium payment	Maximum: 15% of each Premium	Minimum: 0% of each Premium
Representative: an Attained Age 35 male preferred non-tobacco and Attained Age 35 female, preferred non-tobacco and policy year one	Upon making a Premium payment	10% of each Premium

The next table describes the fees and expenses that a Policy Owner will pay periodically while the policy is In Force, not including underlying mutual fund operating expenses. 

Periodic Charges Other than Annual Underlying Mutual Fund Expenses
Base Contract Charges
Charge	When Charge is Deducted	Amount Deducted
Cost of Insurance Charge†	Monthly	Maximum: $83.34 per $1,000 of Net Amount At Risk		Minimum: $0.00 per $1,000 of Net Amount At Risk
Representative: male, Issue Age 55, non-tobacco and female, Issue Age55, non-tobacco, Base Policy Specified Amount of $1,000,000 and Death Benefit Option 1 and policy year ten	Monthly	$0.0096 per $1,000 of Net Amount At Risk
Flat Extra Charge1	Monthly	Maximum: $2.09 per $1,000 of Net Amount At Risk for each Flat Extra assessed
Percent of Sub-Account Value Charge	Monthly	Maximum: 0.50% annually (0.042% monthly) of Cash Value allocated to the Sub-Accounts		Currently: 0.10% annually (0.008% monthly) of Cash Value allocated to the Sub- Accounts
Administrative Per Policy Charge	Monthly	Maximum: $20.00 per policy		Currently: $10.00 per policy
Per $1,000 of Specified Amount Charge†	Monthly	Maximum: $3.14 per $1,000 of Base Policy Specified Amount		Minimum: $0.09 per $1,000 of Base Policy Specified Amount
Representative: male, Issue Age of 55, non- tobacco and female, Issue Age 55, non-tobacco, Base Policy Specified Amount of $1,000,000, and Death Benefit Option 1 and policy year one	Monthly	$0.30 per $1,000 of Base Policy Specified Amount
Policy Loan Interest Charge2	Annually and at the time of certain events and transactions	Maximum: 3.90% of Indebtedness		Currently: 3.90% of Indebtedness
Optional Benefit Charges
Charge	When Charge is Deducted	Amount Deducted
Long-Term Care Rider Charge†	Monthly	Maximum: $4.17 per $1,000 of Long -Term Care Specified Amount		Minimum: $0.00 per $1,000 of Long -Term Care Specified Amount

Optional Benefit Charges
Representative: an Issue Age 35 male preferred non-tobacco	Monthly	$0.10 per $1,000 of Long -Term Care Specified Amount
Four Year Term Insurance Rider Charge†	Monthly	Maximum: $83.34 per $1,000 of Rider Death Benefit	Minimum: $0.00 per $1,000 of Rider Death Benefit
Representative: male, Issue Age 55, non-tobacco and female, Issue Age55, non-tobacco, Base Policy Specified Amount $1,000,000, Death Benefit Option 1 and policy year four		$0.0009 per $1,000 of Rider Death Benefit
Policy Split Option Rider Charge†	Monthly	Maximum: $0.03 per $1,000 of Base Policy Specified Amount	Minimum: $0.01 per $1,000 of Base Policy Specified Amount
Representative: male, Issue Age 55, non-tobacco and female, Issue Age55, non-tobacco, Base Policy Specified Amount of $1,000,000, Death Benefit Option 1 and policy year one		$0.022 per $1,000 of Base Policy Specified Amount
Extended No Lapse Guarantee Rider Percent of Sub-Account Value Charge	Monthly	Maximum: 0.124% of Cash Value allocated to the Sub- Accounts	Minimum: 0% of Cash Value allocated to the Sub-Accounts
Representative: an Attained Age 55 male preferred non-tobacco, and Attained Age 55 female, preferred non-tobacco and policy year one	Monthly	0.075% of Cash Value allocated to the Sub-Accounts

2 The maximum and current Policy Loan Interest Charge rates are stated as gross rates of interest charged.

The next table shows the minimum and maximum total operating expenses charged by the underlying mutual funds that a Policy Owner may periodically pay while the policy is In Force. Expenses shown may change over time and may be higher or lower in the future. A complete list of the underlying mutual funds available under the policy, including their annual expenses, may be found at the back of this document in Appendix: Underlying Mutual Funds Available Under the Policy. 

Annual Underlying Mutual Fund Expenses
	Minimum	Maximum
(Expenses that are deducted from underlying mutual fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses, as a percentage of average underlying mutual fund net assets.)	0.11%	1.22%

Appendix: Underlying Mutual Funds Available Under the Policy

The following is a list of underlying mutual funds available under the policy. More information about the underlying mutual funds is available in the prospectuses for the underlying mutual funds, which may be amended from time to time and can be found online at https://nationwide.onlineprospectus.net/NW/SVULII-H/index.html. This information can also be obtained at no cost by calling 1-800-848-6331 or by sending an email request to [email protected]. Depending on the optional benefits chosen, access to certain underlying mutual funds may be limited. The availability of investment options may vary depending on the broker-dealer through which the policy is sold (see Appendix C: Financial Intermediary Variations in the statutory prospectus).

The current expenses and performance information below reflects fees and expenses of the underlying mutual funds, but do not reflect the other fees and expenses that the policy may charge. Expenses would be higher and performance would be lower if these other charges were included. Each underlying mutual fund's past performance is not necessarily an indication of future performance.  

Type	Underlying Mutual Fund and Adviser/ Subadviser	Current Expenses	Average Annual Total Returns (as of 12/31/2025)
			1 year	5 year	10 year
Allocation	American Funds Insurance Series® - Asset Allocation Fund: Class 2 Investment Advisor: Capital Research and Management Company	0.55%	16.44%	8.32%	8.32%
Equity	American Funds Insurance Series® - Global Growth Fund: Class 1 Investment Advisor: Capital Research and Management Company	0.41%*	13.94%	10.04%	11.02%
Equity	American Funds Insurance Series® - Growth Fund: Class 1 Investment Advisor: Capital Research and Management Company	0.34%	31.96%	19.13%	16.88%
Equity	American Funds Insurance Series® - Growth-Income Fund: Class 1 Investment Advisor: Capital Research and Management Company	0.28%	24.54%	13.30%	12.49%
Equity	American Funds Insurance Series® - New World Fund®: Class 1 Investment Advisor: Capital Research and Management Company	0.57%*	6.86%	4.80%	6.49%
Equity	American Funds Insurance Series® - Washington Mutual Investors Fund: Class 1 Investment Advisor: Capital Research and Management Company	0.27%*	19.40%	12.48%	10.54%
Fixed Income	BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class I Investment Advisor: BlackRock Advisors, LLC Sub-Advisor: BlackRock International Limited	0.54%*	8.26%	4.42%	5.00%
Fixed Income	BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class I Investment Advisor: BlackRock Advisors, LLC Sub-Advisor: BlackRock International Limited and BlackRock (Singapore) Limited	0.47%*	1.39%	-0.20%	1.42%
Equity	Columbia Funds Variable Insurance Trust - Columbia Variable Portfolio - Small Cap Value Fund: Class 1 Investment Advisor: Columbia Management Investment Advisors, LLC	0.86%*	8.87%	11.24%	9.24%
Fixed Income	Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - Limited Duration Credit Fund: Class 1 Investment Advisor: Columbia Management Investment Advisors, LLC	0.41%*	4.75%	2.06%	2.32%
Equity	Deutsche DWS Variable Series I - DWS Capital Growth VIP: Class A Investment Advisor: DWS Investment Management Americas, Inc.	0.49%	26.62%	15.71%	14.88%
Allocation	Deutsche DWS Variable Series II - DWS Global Income Builder VIP: Class A Investment Advisor: DWS Investment Management Americas, Inc.	0.65%	9.10%	5.07%	5.71%

Type	Underlying Mutual Fund and Adviser/ Subadviser	Current Expenses	Average Annual Total Returns (as of 12/31/2025)
			1 year	5 year	10 year
Allocation	Northern Lights Variable Trust - TOPS® Aggressive Growth ETF Portfolio: Class 2 Investment Advisor: ValMark Advisers, Inc. Sub-Advisor: Milliman Financial Risk Management, LLC	0.54%	11.99%	8.25%	8.14%
Allocation	Northern Lights Variable Trust - TOPS® Balanced ETF Portfolio: Class 2 Investment Advisor: ValMark Advisers, Inc. Sub-Advisor: Milliman Financial Risk Management, LLC	0.55%	6.86%	4.68%	4.84%
Allocation	Northern Lights Variable Trust - TOPS® Conservative ETF Portfolio: Class 2 Investment Advisor: ValMark Advisers, Inc. Sub-Advisor: Milliman Financial Risk Management, LLC	0.56%	6.00%	3.75%	3.76%
Allocation	Northern Lights Variable Trust - TOPS® Growth ETF Portfolio: Class 2 Investment Advisor: ValMark Advisers, Inc. Sub-Advisor: Milliman Financial Risk Management, LLC	0.55%	10.79%	7.38%	7.25%
Allocation	Northern Lights Variable Trust - TOPS® Moderate Growth ETF Portfolio: Class 2 Investment Advisor: ValMark Advisers, Inc. Sub-Advisor: Milliman Financial Risk Management, LLC	0.54%	8.84%	6.06%	6.11%
Equity	T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio Investment Advisor: T. Rowe Price Associates, Inc.	0.85%	1.66%	6.08%	8.47%

Extended No-Lapse Guarantee Rider Investment Options

Nationwide limits the investment options available for allocation of Premium and transfers of Cash Value when the Extended No-Lapse Guarantee Rider is elected. Nationwide selected the available Sub-Accounts on the basis of risk factors associated with the underlying mutual funds' investment objectives, strategies, and risks, and Sub-Accounts were excluded from availability with this Rider on the basis of similar considerations. In general, the permitted investment options are more conservative than those that are not permitted. By electing this Rider and accepting the limited menu of investment options, Policy Owners may be foregoing investment gains that could otherwise be realized by investing in riskier investment options that are not available under this Rider.

Listed below are those investment options that are currently available with the Extended No-Lapse Guarantee Rider.

Only the investment options shown below are available for election while this Rider is In Force:

any combination of the Sub-Accounts listed below: