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SUPPLEMENT DATED JULY 1, 1999 TO
PROSPECTUS DATED MAY 1, 1999 FOR
DEFERRED VARIABLE ANNUITY CONTRACTS
ISSUED BY
NATIONWIDE LIFE INSURANCE COMPANY
THROUGH ITS
NATIONWIDE VARIABLE ACCOUNT - 9
THIS SUPPLEMENT UPDATES CERTAIN INFORMATION CONTAINED IN YOUR PROSPECTUS. PLEASE
READ IT AND KEEP IT WITH YOUR PROSPECTUS FOR FUTURE REFERENCE.
1. INFORMATION FOR THE FOLLOWING UNDERLYING MUTUAL FUNDS CONTAINED IN THE
"UNDERLYING MUTUAL FUND ANNUAL EXPENSES" TABLE LOCATED ON PAGES 8 THROUGH 9
OF YOUR PROSPECTUS, IS AMENDED AS FOLLOWS:
<TABLE>
UNDERLYING MUTUAL FUND ANNUAL EXPENSES
(AS A PERCENTAGE OF UNDERLYING MUTUAL FUND AVERAGE NET ASSETS, AFTER EXPENSE REIMBURSEMENT)
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Management Other 12b-1 Total Mutual
Fees Expenses Fees Fund Expenses
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Morgan Stanley Dean Witter Universal Funds, Inc. - 0.27% 1.03% 0.00% 1.30%
Emerging Markets Debt Portfolio
- --------------------------------------------------------------------------------------------------------------------
NSAT Capital Appreciation Fund 0.58% 0.22% 0.00% 0.80%
- --------------------------------------------------------------------------------------------------------------------
NSAT Government Bond Fund 0.44% 0.22% 0.00% 0.66%
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NSAT Money Market Fund 0.34% 0.21% 0.00% 0.55%
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NSAT Total Return Fund 0.57% 0.21% 0.00% 0.78%
- --------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Balanced Fund 0.54% 0.36% 0.00% 0.90%
- --------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Equity Income Fund 0.45% 0.50% 0.00% 0.95%
- --------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Global Equity Fund 0.59% 0.61% 0.00% 1.20%
- --------------------------------------------------------------------------------------------------------------------
NSAT Nationwide High Income Bond Fund 0.48% 0.47% 0.00% 0.95%
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NSAT Nationwide Multi-Sector Bond Fund 0.54% 0.36% 0.00% 0.90%
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NSAT Nationwide Select Advisers Mid Cap Fund 0.56% 0.64% 0.00% 1.20%
- --------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Select Advisers Small Cap Growth Fund 0.57% 0.73% 0.00% 1.30%
- --------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Small Cap Value Fund 0.47% 0.58% 0.00% 1.05%
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NSAT Nationwide Small Company Fund 1.00% 0.25% 0.00% 1.25%
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NSAT Nationwide Strategic Growth Fund 0.20% 0.80% 0.00% 1.00%
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NSAT Nationwide Strategic Value Fund 0.52% 0.48% 0.00% 1.00%
- --------------------------------------------------------------------------------------------------------------------
Van Eck Worldwide Insurance Trust - Worldwide Emerging 0.69% 0.61% 0.00% 1.30%
Markets Fund
- --------------------------------------------------------------------------------------------------------------------
Van Kampen Life Investment Trust - Morgan Stanley Real 1.00% 0.08% 0.00% 1.08%
Estate Securities Portfolio
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
The expenses shown above are deducted by the underlying mutual fund before it
provides Nationwide with the daily net asset value. Nationwide then deducts
applicable variable account charges from the net asset value to calculate the
unit value of the corresponding sub-account. The management fees and other
expenses are more fully described in the prospectus for each underlying mutual
fund. Information relating to the underlying mutual funds was provided by the
underlying mutual funds and not independently verified by Nationwide.
1
<PAGE> 2
Some underlying mutual funds are subject to fee waivers and expense
reimbursements. The following chart shows what the expenses would have been for
such funds without fee waivers and expense reimbursements.
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Management Other 12b-1 Total Mutual
Fees Expenses Fees Fund Expenses
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Morgan Stanley Dean Witter Universal Funds, Inc. - 0.80% 1.25% 0.00% 2.05%
Emerging Markets Debt Portfolio
- --------------------------------------------------------------------------------------------------------------------
NSAT Capital Appreciation Fund 0.60% 0.22% 0.00% 0.82%
- --------------------------------------------------------------------------------------------------------------------
NSAT Government Bond Fund 0.50% 0.22% 0.00% 0.72%
- --------------------------------------------------------------------------------------------------------------------
NSAT Money Market Fund 0.40% 0.21% 0.00% 0.61%
- --------------------------------------------------------------------------------------------------------------------
NSAT Total Return Fund 0.59% 0.21% 0.00% 0.80%
- --------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Balanced Fund 0.75% 0.36% 0.00% 1.11%
- --------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Equity Income Fund 0.80% 0.50% 0.00% 1.30%
- --------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Global Equity Fund 1.00% 0.61% 0.00% 1.61%
- --------------------------------------------------------------------------------------------------------------------
NSAT Nationwide High Income Bond Fund 0.80% 0.47% 0.00% 1.27%
- --------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Multi-Sector Bond Fund 0.75% 0.36% 0.00% 1.11%
- --------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Select Advisers Mid Cap Fund 1.05% 0.64% 0.00% 1.69%
- --------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Select Advisers Small Cap Growth Fund 1.10% 0.73% 0.00% 1.83%
- --------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Small Cap Value Fund 0.90% 0.58% 0.00% 1.48%
- --------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Strategic Growth Fund 0.90% 0.80% 0.00% 1.70%
- --------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Strategic Value Fund 0.90% 0.48% 0.00% 1.38%
- --------------------------------------------------------------------------------------------------------------------
Van Eck Worldwide Insurance Trust - Worldwide Emerging 1.00% 0.61% 0.00% 1.61%
Markets Fund
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
2. INFORMATION FOR THE FOLLOWING UNDERLYING MUTUAL FUNDS CONTAINED IN THE
"EXAMPLE" CHART LOCATED ON PAGES 10 THROUGH 12 OF YOUR PROSPECTUS, IS
AMENDED AS FOLLOWS:
EXAMPLE
The following chart shows the amount of expenses (in dollars) that would be
incurred under this contract assuming a $1,000 investment, 5% annual return, and
no change in expenses. These dollar figures are illustrative only and should not
be considered a representation of past or future expenses. Actual expenses may
be greater or less than those shown below.
The example reflects expenses of both the variable account and the underlying
mutual funds. The example reflects the standard 7 year CDSC schedule and the
maximum amount of variable account charges that could be assessed to a contract
(1.50%). These variable account charges include:
- - the Additional Withdrawal Without Charge and Disability Waiver;
- - the 10 Year and Disability Waiver;
- - the Hardship Waiver; and
- - the Optional 5% Enhanced Death Benefit.
The example reflects the Contract Maintenance Charge, expressed as a percentage
of average account value. Since the average contract value is greater than
$1,000, the expense effect of the Contract Maintenance Charge is reduced
accordingly.
For those contracts that do not elect the maximum number of options, the
expenses would be reduced. Deductions for premium taxes are not reflected but
may apply.
The maximum amount that could be assessed to a Non-Qualified Contract or
Individual Retirement Annuity is 1.30% of the daily net assets of the variable
account. For a contract issued as a Roth IRA, the maximum amount that could be
assessed is 1.45% of the daily net assets of the variable account.
2
<PAGE> 3
The summary of contract expenses and example are to help contract owners
understand the expenses associated with the contract.
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------
If you surrender your contract If you do not surrender your If you annuitize your contract
at the end of the applicable contract at the end of the at the end of the applicable
time period applicable time period time period
- --------------------------------------------------------------------------------------------------------------------------
1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. 1 Yr. 3 Yrs 5 Yrs. 10 Yrs. 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Morgan Stanley Dean Witter 104 185 258 452 44 134 224 452 * 134 224 452
Universal Funds, Inc. -
Emerging Markets Debt
Portfolio
- --------------------------------------------------------------------------------------------------------------------------
NSAT Capital Appreciation 99 169 232 404 39 118 198 404 * 118 198 404
Fund
- --------------------------------------------------------------------------------------------------------------------------
NSAT Government Bond Fund 97 165 225 390 38 114 191 390 * 114 191 390
- --------------------------------------------------------------------------------------------------------------------------
NSAT Money Market Fund 96 161 220 379 37 110 186 379 * 110 186 379
- --------------------------------------------------------------------------------------------------------------------------
NSAT Total Return Fund 98 169 231 402 39 118 197 402 * 118 197 402
- --------------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Balanced Fund 100 172 238 414 40 121 404 414 * 121 204 414
- --------------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Equity 100 174 240 419 41 123 206 419 * 123 206 419
Income Fund
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NSAT Nationwide Global 103 182 253 442 43 131 219 442 * 131 219 442
Equity Fund
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NSAT Nationwide High Income 100 174 240 419 41 123 206 419 * 123 206 419
Bond Fund
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NSAT Nationwide Multi-Sector 100 172 238 414 40 121 204 414 * 121 204 414
Bond Fund
- --------------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Select 103 182 253 442 43 131 219 442 * 131 219 442
Advisers Mid Cap Fund
- --------------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Select 104 185 258 452 44 134 224 452 * 134 224 452
Advisers Small Cap Growth
Fund
- --------------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Small Cap 101 177 245 428 42 126 211 428 * 126 211 428
Value Fund
- --------------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Small 103 183 255 447 44 132 221 447 * 132 221 447
Company Fund
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NSAT Nationwide Strategic 101 175 243 424 41 124 209 424 * 124 209 424
Growth Fund
- --------------------------------------------------------------------------------------------------------------------------
NSAT Nationwide Strategic 101 175 243 424 41 124 209 424 * 124 209 424
Value Fund
- --------------------------------------------------------------------------------------------------------------------------
Van Eck Worldwide Insurance 104 185 258 452 44 134 224 452 * 134 224 452
Trust - Worldwide Emerging
Markets Fund
- --------------------------------------------------------------------------------------------------------------------------
Van Kampen Life Investment 102 178 247 431 42 127 213 431 * 127 213 431
Trust - Morgan Stanley Real
Estate Securities Portfolio
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
3. THE 1ST PARAGRAPH OF THE "DOLLAR COST AVERAGING" PROVISION LOCATED ON PAGE
29 OF YOUR PROSPECTUS IS AMENDED TO DELETE THE FOLLOWING SENTENCE:
"Contract owners may participate in this program if their contract value
is $15,000 or more."
