Ability to Select, Customize Underlying Investments Added to Nationwide Financial Variable Annuity Living Benefits.Fund Additions, Name Change Part of Annual Update to Strengthen Variable Investment Options for Consumers COLUMBUS, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. -- To provide individuals with more allocation choices and greater ability to customize portfolios within their variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. , Nationwide Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , Inc. (NYSE NYSE See: New York Stock Exchange :NFS (Network File System) The file sharing protocol in a Unix network. This de facto Unix standard, which is widely known as a "distributed file system," was developed by Sun. See file sharing protocol and WebNFS. NFS - Network File System ), today announced the introduction of Nationwide Custom Portfolio(SM). The flexible portfolio management system, available with Nationwide variable annuity Variable Annuity An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. living benefit riders beginning May 1, offers investment professionals and their clients more than 50 underlying investment options, spreading across nine asset classes and seven risk tolerances. "We've listened to investment professionals and recognize that many prefer a more hands-on approach when it comes to selecting funds for their clients," said John Carter, president of Nationwide Financial Distributors, Inc. "Nationwide Custom Portfolio provides them with the opportunity to share their fund selection experience with clients while offering the flexibility and choice they're looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ." Carter said implementing Nationwide Custom Portfolio is a simple three-step process where: 1. The investor selects his or her risk tolerance using an Investor Profiling Tool 2. Specific percentages are allocated by asset classes based on the determined risk tolerance 3. The investment professional and their client choose among several underlying investment options within each asset class from a pre-approved list of available investment options and percentages "Nationwide Custom Portfolio offers investment professionals the ability to provide clients customized diversification by choosing underlying investment options based on specific needs," said Carter. Nationwide Custom Portfolio is an enhancement to Nationwide Financial's competitive portfolio of variable annuity living benefits, The Nationwide Lifetime Income Rider(SM) (L-Inc) and Capital Preservation Plus Lifetime Income([R]) (CPPLI). Carter said the riders provide consumers with two income withdrawal options to choose from based on their primary needs, whether that's lifetime income with Nationwide L-Inc or principal protection through CPPLI. "The flexibility of our living benefits has been well received by investment professionals and their clients," said Carter. "Nationwide Custom Portfolio will strengthen these riders by offering more quality investment choices for individuals to choose from." Investors who purchase the Nationwide L-Inc or CPPLI rider now have five options for the variable portion of their investment: * Nationwide Custom Portfolio(SM) * Nationwide NVIT NVIT Nicola Valley Institute of Technology (California) Investor Destinations Funds * Nationwide Allocation Architect([R]) * Fidelity VIP Freedom Funds * American Funds NVIT Asset Allocation Fund asset allocation fund An investment company that varies the proportion of its portfolio devoted to stocks, bonds, and money market securities in order to reduce the variability of returns and to take better advantage of different segments of the securities In addition to introducing Nationwide Custom Portfolio, Nationwide Financial also announced the following additions to their investment line-up: * American Funds NVIT Growth-Income Fund, which seeks both capital appreciation and income focusing primarily on common stocks or other securities that demonstrate the potential for appreciation and/or dividends. * American Century VP International Fund, an investment that seeks capital growth, focusing primarily on securities of companies in at least three developed countries, excluding the United States. * Janus Aspen Series INTECH INTECH Institute for New Technologies Risk-Managed Core Portfolio, which seeks long-term growth of capital, focusing primarily on common stocks of large-sized companies selected for their growth potential. Nationwide also announced the names of the individual Gartmore and Gartmore Variable Insurance Trust (GVIT GVIT Gartmore Variable Insurance Trust ) subaccounts are changing. For most of the subaccounts, the name changes include replacing "Gartmore" with "Nationwide" and "GVIT" with "NVIT" (for Nationwide Variable Insurance Trust). The name change will impact all variable annuity and variable life insurance products issued by Nationwide Mutual Life Insurance or Nationwide Life and Annuity Insurance Company. Carter added that Nationwide's investment research team constantly monitors their fund lineup, making adjustments as necessary to ensure investment professionals have alternatives that may help achieve investment objectives for clients. "Our commitment to quality is what has driven our investment management team since we pioneered the multi-manager variable product more than 20 years ago," said Carter. "They continually evaluate our investment options to ensure we're providing the depth and breadth of solutions that will help investment professionals best meet their clients' needs." Variable products are sold by prospectus. Potential clients may obtain both the product prospectus and underlying fund prospectuses from their investment professional or by writing to Nationwide Life Insurance Company, P.O. Box 182021, Columbus, Ohio 43218-2021. Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. The product prospectus and underlying fund prospectus contain this and other important information. Read the prospectus carefully before investing or sending money. Nationwide Allocation Architect is offered by Nationwide Investment Advisors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a SEC registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in . Variable annuities and variable life insurance products are underwritten by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio, members of Nationwide Financial([R]). The general distributor is Nationwide Investment Services Corporation, member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). . In MI only: Nationwide Investment Svcs. Corporation. The underlying investment options aren't publicly traded mutual funds and aren't available directly for purchase by the general public. They are only available through variably annuity policies issued by life insurance companies. The Fidelity VIP Freedom Portfolios are designed to provide diversification and asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. across several types of investments and asset classes, primarily by investing in underlying funds. Therefore, in addition to the expenses of the Fidelity VIP Freedom Portfolio, you are indirectly paying a proportionate share of applicable fees and expenses of the underlying funds. About Nationwide Financial Nationwide Financial Services, Inc. (NYSE: NFS), a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. based in Columbus, Ohio, provides a variety of financial services that help consumers invest1 and protect their long-term assets Long-Term Assets 1. Reported on the balance sheet, it's the value of a company's property, equipment and other capital assets, less depreciation. 2. A stock, bond or other asset that you plan on holding in your portfolio for a lengthy period of time. , and offers retirement plans and services through both public- and private-sector employers. It's part of the Nationwide group of companies, which offers diversified insurance and financial services. The group is led by Nationwide Mutual Insurance Company Nationwide Mutual Insurance Company & Affiliated Companies is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. History Beginnings as Farm Bureau Mutual , which is ranked No. 104 on the Fortune 500 based on 2006 revenue2. For more information, visit www.nationwide.com. Nationwide, Nationwide Financial and the Nationwide Framemark are federally registered service marks of Nationwide Mutual Insurance Company. Capital Preservation Plus Lifetime Income is a federally registered service mark of Nationwide Life Insurance Company. Nationwide Custom Portfolio and The Nationwide Lifetime Income Rider are service marks of Nationwide Mutual Insurance Company. (c) 2007, Nationwide Financial Services, Inc. All rights reserved. 1 Nationwide Investment Services Corporation, member NASD. In MI only: Nationwide Investment Svcs. Corporation. 2 Fortune Magazine, April 2007 |
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