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Important Transition Date Information

• Contracts issued on or after December 11, 2023 will receive the increased lifetime withdrawal percentages.
• FOR PENDING BUSINESS: Any contracts signed prior to the December 11 effective date, and in pending status on or after December 11, 2023, will receive the increased lifetime withdrawal percentages upon issuance.

FOR NEWLY ISSUED BUSINESS IN THE FREE-LOOK WINDOW: To receive the increased lifetime withdrawal percentages, issued contracts still within the free-look window will need to exercise the free-look provision. At a minimum, this process will require a new application, free-look letter of instruction and updated Certificate of Disclosure, all of which should reflect a signature date of December 11, 2023 or later. Please also check with your IMO on its free-look requirements.

FOR FINANCIAL PROFESSIONAL USE ONLY — NOT FOR USE WITH THE PUBLIC

(1) Credited at contract issue and based on the purchase payment; added to the Income Benefit Base.
(2) For the first 10 years or until lifetime withdrawal begins, whichever occurs first.
(3) All guarantees and protections are backed by the claims-paying ability of Nationwide Life and Annuity Insurance Company.

This material is not a recommendation to buy or sell a financial product or to adopt an investment strategy. Investors should discuss their specific situation with their financial professional.

Nationwide Peak 10 is an individual, single-purchase-payment, deferred fixed indexed annuity issued by Nationwide Life and Annuity Insurance Company, Columbus, Ohio. Please note: The contract does not directly participate in the stock market or any index. Withdrawals are subject to income tax, and withdrawals before age 59 1/2 may be subject to a 10% federal tax penalty.

Annuities have limitations. They are long-term vehicles designed for retirement purposes. They are not intended to replace emergency funds, to be used as income for day-to-day expenses or to fund short-term savings goals. Please read the contract for complete details.

Nationwide, the Nationwide N and Eagle, Nationwide is on your side, and other marks displayed in this message are service marks of Nationwide Mutual Insurance Company and/or its affiliates, unless otherwise disclosed. © 2023 Nationwide.

FAM-1581M1-AL (12/23)