It is for those taking an exposure to the Product and/or the JPMorgan Index to satisfy themselves of these matters and such persons should seek appropriate professional advice before making any investment. JPMorgan makes no representation and no warranty, express or implied, to investors in or owners of the Product (or any person taking exposure to it) or any member of the public in any other circumstances (each a “Contract Owner”): (a) regarding the advisability of investing in securities or other financial or insurance products generally or in the Product particularly or (b) the suitability or appropriateness of an exposure to the JPMorgan Index in seeking to achieve any particular objective. Morgan Securities LLC (“JPMS”) or any of its affiliates (together and individually, “JPMorgan”). Neither the Licensee nor New Heights ® IUL (the “Product”) is sponsored, operated, endorsed, sold or promoted by J.P. Morgan Mozaic II ℠ Index (“JPMorgan Index”) has been licensed to Nationwide Life and Annuity Insurance Company (the “Licensee”) for the Licensee’s benefit. Past index performance is no indication of future crediting rates.Īll guarantees and benefits of the insurance policy are backed by the claims-paying ability of the carrier.
Morgan Mozaic II ℠ Index, please visit Nationwide New Heights Indexed Universal Life Accumulator 2020 (New Heights ® IUL), indexed universal life insurance, is issued by Nationwide Life and Annuity Insurance Company, Columbus, Ohio.Indexed universal life insurance policies are not stock market investments, do not directly participate in any stock or equity investments, and do not receive dividends or participate in capital gains. While this strategy can lessen the impact of market downturns, it can also lessen the impact of market upturns, potentially limiting upside potential.įor more information on the J.P. The Index could underperform relative to other equity investment strategies. The Index is calculated on the basis of pre-determined rules. This may reduce the risk of potential short-term loss in the Index during a period of significant market distress but may also cause the Index to miss a potential recovery in the underlying asset classes. After one week, the Index re-establishes allocations based on the monthly selection and weighting described above. If on any day the overall index’s weekly return is less than -3%, all allocations are removed for one week (the Index is effectively uninvested). “Stop-loss” feature: Asset classes are evaluated, selected and weighted monthly.
Each month the Index chooses nine asset classes exhibiting the highest returns and strategically allocates to each in order to smooth volatility within the Index and create more consistent returns. Morgan Mozaic II ℠ Index’s asset selection is based on the historic tendency for asset classes exhibiting recent returns to be more likely to continue to deliver performance. Monthly rebalancing capitalizes on performance
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