UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-4
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 File No. 333-198590
Pre-Effective Amendment No. □
Post-Effective Amendment No. 10 ☑
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 File No. 811-22994
Amendment No. 11 ☑
(Check appropriate box or boxes.)
Jefferson National Life of New York Annuity Account 1
(Exact Name of Registrant)
Jefferson National Life Insurance Company of New York
(Name of Depositor)
10350 Ormsby Park Place, Louisville, Kentucky 40223
(Address of Depositor's Principal Executive Offices) (Zip Code)
(866) 667-0561
Depositor's Telephone Number, including Area Code
Denise L. Skingle, Senior Vice President and Secretary
One Nationwide Plaza, Columbus, Ohio 43215
(Name and Address of Agent for Service)
May 1, 2021
Approximate Date of Proposed Public Offering
It is proposed that this filing will become effective (check appropriate box)
□ immediately upon filing pursuant to paragraph (b)
☑ on May 1, 2021 pursuant to paragraph (b)
□ 60 days after filing pursuant to paragraph (a)(1)
□ on (date) pursuant to paragraph (a)(1)
If appropriate, check the following box:
□ this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

Monument Advisor® NY
Individual Variable Annuity
Issued by
Jefferson National Life Insurance Company of New York
through its
Jefferson National Life of New York Annuity Account 1
The date of this prospectus is May 1, 2021.
The contracts described in this prospectus are only available in the state of New York.
This prospectus describes the Monument Advisor® NY Individual Variable Annuity Contract (Contract) offered by Jefferson National Life Insurance Company of New York (Company, Jefferson National, We, Us, Our). This Contract provides for the accumulation of Contract Values on a variable basis and subsequent Annuity Payments on a fixed basis. The Contract charges no insurance fees other than the $20 per month Subscription Fee imposed during the Accumulation Period and Annuity Period. You also pay any applicable Low Cost Fund Platform Fees (as described below), as well as the fees of the Investment Portfolios you select and any Investment Advisor or financial professional you retain. Under the terms of the Contract, you may not enter the Annuity Period until thirteen (13) months from the date you purchase the Contract. Unless a previous Annuity Date is selected, Annuity Payments will automatically begin (for a ten year period certain) on the Maximum Maturity Date. For joint Annuitants, all provisions which are based on age are based on the age of the primary Annuitant.
Upon purchase of the Contract, you can access documents relating to the Contract and the Investment Portfolios electronically, or have them delivered to you in paper via U.S. mail at no extra charge. You may also elect to access certain documents electronically and have certain documents delivered via U.S. mail.
The Contract has a variety of investment options, which include several Sub-accounts that invest in the Investment Portfolios listed in "Appendix A – More Information About the Investment Portfolios." You can put your money in any of the Sub-accounts; certain restrictions may apply. We impose a Low Cost Fund Platform Fee on Contract Value invested in certain Sub-accounts. You can view, on our Website, the current prospectus of each Investment Portfolio, which includes information about each Investment Portfolio’s management fees and other expenses you will bear indirectly.
Money you put in a Sub-account is invested exclusively in a single Investment Portfolio. Your investments in the Investment Portfolios are not guaranteed. You could lose your money.
Please read this prospectus before investing. You should keep it for future reference. It contains important information about the Contract.
To learn more about the Contract, you can obtain a copy of Our Statement of Additional Information (SAI) dated May 1, 2021. The SAI has been filed with the Securities and Exchange Commission (SEC) and is legally a part of this prospectus. The SEC has a Website (http:/www.sec.gov) that contains the SAI, material incorporated by reference, and other information regarding companies that file electronically with the SEC. The SAI’s Table of Contents is at the end of this prospectus.
For a free copy of the SAI, call Us at (866) 667-0561 or write Us at Our administrative office:
• Address for correspondence sent via U.S. Mail: P.O. Box 36840, Louisville, Kentucky 40233;
• Address for correspondence sent via courier or overnight mail: 10350 Ormsby Park Place, Louisville, KY 40223.
The Contracts:
• are not bank deposits
• are not federally insured
• are not endorsed by any bank or government agency
• are not guaranteed and may be subject to loss of principal
Summary prospectuses or prospectuses of the Investment Portfolios should be carefully read in conjunction with this prospectus before investing. You may obtain summary prospectuses or prospectuses of the Investment Portfolios on our Website or by contacting the Company at (866) 667-0561.

 

You should only rely on information contained in this prospectus or that we have referred you to. We have not authorized anyone to provide you with information that is different.
The Securities and Exchange Commission has not approved or disapproved these securities or determined if this prospectus is accurate or complete. Any representation to the contrary is a criminal offense.

 

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Definitions of Special Terms
Because of the complex nature of the Contract, We have used certain words or terms in this prospectus, which may need additional explanation. We have identified the following as some of these words or terms.
Accumulation Period: The period during which you invest money in your Contract.
Accumulation Unit: A measurement We use to calculate the value of the variable portion of your Contract during the Accumulation Period.
Advisor Fee: Any fee charged by any Investment Advisor or financial professional you hire and processed as such by the Company as a withdrawal from the Contract Value.
Annuitant(s): The natural person(s) on whose life (lives) We base Annuity Payments. On or after the Annuity Date, the Annuitant shall also include any joint Annuitant. In the event of joint Annuitants, the life of the primary Annuitant is used to determine Annuity Payments. If the Contract is owned by a non-natural Owner and joint Annuitants are named, the Death Benefit Amount will be calculated upon the death of the first Annuitant to die.
Annuity Date: The date on which Annuity Payments are to begin, as selected by you, or as required by the Contract or by state or federal law. If a prior date is not selected by you, the Annuity Date is the Maximum Maturity Date. For joint Annuitants all provisions are based on the age of the primary Annuitant.
Annuity Options: Income plans which can be elected to provide periodic Annuity Payments beginning on the Annuity Date.
Annuity Payments: Periodic income payments provided under the terms of one of the Annuity Options.
Annuity Period: The period during which We make income payments to you.
Beneficiary: The person(s) or entities, designated to receive any benefits under the Contract if you or, in the case of a non-natural Owner, the Annuitant dies.
Business Day: Generally, any day on which the New York Stock Exchange is open for trading. Our Business Day ends at the closing of regular trading on the New York Stock Exchange. Some of the Investment Options may impose earlier deadlines for trading. These deadlines are described in further detail under the heading "Transfers."
Code: The Internal Revenue Code of 1986, as amended.
Company: Jefferson National Life Insurance Company of New York, also referred to as Jefferson National, We, Us, and Our.
Contract: The Monument Advisor® NY individual variable annuity contract, which provides variable investment options offered by the Company.
Contract Anniversary: The anniversary of the Business Day you purchased the Contract.
Contract Value: Your Contract Value is the sum of amounts held under your Contract in the various Sub-accounts of the Separate Account.
Death Benefit Amount: The Death Benefit Amount is the amount payable to the Beneficiary upon the death of the Owner, or for a Contract owned by a non-natural person, the death of the Annuitant.
Due Proof of Death: When the Company receives both a death certificate and some other form of notice satisfactory to us, and your election in a form satisfactory to us for the payment method.
FINRA: Financial Industry Regulatory Authority, Inc.
Free Look Period: If you change your mind about owning the Contract, the Free Look Period is the period of time within which you may cancel your Contract. This period of time is 10 days from receipt, or 60 days if it is a Replacement Contract.
Insurance Charges: The Insurance Charges compensate Us for assuming certain insurance risks. The only Insurance Charge under the Contract is the Subscription Fee.
Investment Advisor: A registered investment adviser, an investment adviser who is exempt from registration with the Securities and Exchange Commission or other adviser selected by you.
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Investment Allocations of Record: The Investment Allocations of Record specify what percentage of each Purchase Payment is directed to the Sub-accounts you select.
Investment Options: The investment choices available to Owners. These choices include the Sub-accounts of the Separate Account.
Investment Portfolio(s): The variable Investment Options available under the Contract. Each Sub-account has its own investment objective and is invested in the underlying Investment Portfolio.
Jefferson National Service Center: The customer service department of the Company (P.O. Box 36840, Louisville, KY 40233. Phone number: 1-866-667-0561).
Joint Owner: The individual who co-owns the Contract with another person.
Low Cost Fund Platform Fee: Fee imposed by the Company on Contract Value invested in certain Sub-accounts that invest in low cost Investment Portfolios. This fee is assessed daily as part of the daily Accumulation Unit value calculation. See "Expenses – Low Cost Fund Platform Fee" for further details, including a list of the Sub-accounts for which the Company currently imposes the fee.
Maximum Maturity Date: The date on which the primary Annuitant attains age 100. For joint Annuitants, all provisions which are based on age are based on the age of the primary Annuitant.
Net Contract Value: An amount equal to the Contract Value reduced by the applicable portion of the Subscription Fee.
Non-Natural Owner: The trust or entity (e.g. CRT, Family Trust, Corporation, Other) that will own the Contract.
Non-Qualified Contract: A Contract purchased with after-tax dollars. These Contracts are not issued in conjunction with a pension plan, specially sponsored program or individual retirement account ("IRA").
Owner: You, the purchaser of the Contract, are the Owner.
Purchase Payment: The money you give Us to buy the Contract, as well as any additional money you give Us to invest in the Contract after you own it.
Qualified Contract: A Contract purchased with pretax dollars. These Contracts are generally purchased under a pension plan, specially sponsored program, or IRA.
Replacement Contract: A Contract purchased with the proceeds from another contract (a contract issued by the Company and/or another insurance company).
Secure Online Account: Your Secure Online Account is a password protected electronic account through which you can access personal documents relating to your Contract, such as transaction confirmations, periodic account statements and other personal correspondence. You create your Secure Online Account by going to our Website after you purchase the Contract and we maintain it for you on our Website thereafter.
Separate Account: Jefferson National Life of New York Annuity Account 1, which invests in the Investment Portfolios.
Sub-account: A segment within the Separate Account which invests in a single Investment Portfolio.
Subscription Fee: $20 per month fee charged by Us to issue and administer the Contract.
Tax Deferral: Benefit provided by an annuity under which earnings and appreciation on the Purchase Payments in your Contract are not taxed until you take them out of the Contract either in the form of a withdrawal, income payments or the payment of a death benefit.
Website: www.nationwideadvisory.com, which is the website of Jefferson National Life Insurance Company of New York. You may obtain information about your Contract and request certain transactions through the Website.
Highlights
The variable annuity Contract that We are offering is a Contract between you (the Owner, You or you) and Us (We, we, Us, us, Our, our). The Contract provides a way for you to invest on a tax-deferred basis in the Sub-accounts of the Separate Account. The Contract is intended to be used to accumulate money for retirement or other long-term Tax Deferral purposes.
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The Contract charges no insurance fees other than the monthly Subscription Fee imposed during the Accumulation Period and Annuity Period. You do pay any applicable Low Cost Fund Platform Fees for certain Sub-account allocations, as well as the fees of the Investment Portfolios you select and any Investment Advisor or financial professional you retain. We may enter into certain arrangements under which We are reimbursed by the Investment Portfolios’ advisers, distributors and/or affiliates for the administrative or distribution services which We provide to the Investment Portfolios.
The Contract includes a death benefit which is described in detail under the heading "Death Benefit."
All deferred annuity contracts, like the Contract, have two periods: the Accumulation Period and the Annuity Period. During the Accumulation Period, any earnings accumulate on a tax-deferred basis and are taxed as ordinary income when you make a withdrawal. The Annuity Period occurs when you begin receiving regular Annuity Payments from your Contract.
Under the terms of the Contract, you may not enter the Annuity Period until thirteen (13) months from the date you purchase the Contract.
You may only choose to receive Annuity Payments on a fixed basis. If you choose Annuity Payments, the amounts of the Annuity Payments are constant for the entire Annuity Period. Unless a previous Annuity Date is selected, Annuity Payments will automatically begin (for a ten year period certain) on the Maximum Maturity Date. For joint annuitants, all provisions are based on the age of the primary annuitant.
Free Look
If you change your mind about owning the Contract, you may cancel the Contract within 10 days after receiving it (or 60 days if it is a Replacement Contract) and We will cancel the Contract. Jefferson National deems this period as beginning on the date the Contract is posted to your Secure Online Account. If you elect to receive the Contract in paper, Jefferson National deems this period as ending 15 days after We mail the Contract, or 60 days if it is a Replacement Contract. On the day We receive your request We will return your Contract Value. This refund amount will be the Contract Value plus the amount of fees and other charges deducted from the Contract via redemption of Accumulation Units, if applicable, such as Subscription Fees. The amount refunded will not include any underlying fund charges or Contract fees that were assessed daily as part of the Accumulation Unit value calculation during the free look period. See "The Company - Free Look" section for additional details.
Tax Penalty
In general, the earnings in your Contract are not taxed until you take money out of your Contract. If you are younger than age 59 1/2 when you take money out, you may be charged a 10% federal tax penalty on the amount treated as income. For Non-Qualified Contracts, Annuity Payments during the Annuity Period are considered partly a return of your original investment. The part of each Annuity Payment that is a return of your investment is not taxable as income. Once you have recovered the full amount of your investment, however, the entire amount of your Annuity Payment will be taxable income to you. For Qualified Contracts, unless you had after-tax monies invested in the Contract, the full Annuity Payment is taxable. In such situations where you are already in a qualified plan, the Tax Deferral of the annuity does not provide additional benefits.
Document Delivery Requirements
Upon purchase of the Contract, you can access documents relating to the Contract and the Investment Portfolios electronically, or have them delivered to you in paper via U.S. mail at no extra charge. You may also elect to access certain documents electronically and have certain documents delivered via U.S. mail.
Regular and continuous Internet access is required to access electronically all documents relating to the Contract and the Investment Portfolios. You should consider electing and continue to receive documents electronically if you have regular and continuous Internet access. If you choose electronic delivery, and the delivery continues to fail after three attempts, We will automatically change your preferences going forward to receive the documents in paper via U.S. mail.
For Owners using electronic communications, current prospectuses and all required reports for the Contract and the Investment Portfolios are available on our Website. While we will notify you via email when a transaction pertaining to your Contract has occurred or a document impacting your Contract has been posted, you should visit the Website regularly. We post updated prospectuses for the Contract and the Investment Portfolios on our Website on or about May 1 of each year. Prospectuses may also be supplemented throughout the year and will be available on the Website, which you should visit regularly. We post Annual Reports and Semi-Annual Reports of the Investment Portfolios on our Website on or about March 1 and September 1, respectively, each year. For your reference, We archive out-of-date Contract prospectuses. You
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will not have electronic access through our Website to Investment Portfolio prospectuses or Annual and Semi-Annual Reports after We remove them from the Website. Accordingly, you should consider printing them before they are removed. Alternatively, We will provide copies of them upon request.
We will deliver all other documents electronically to your Secure Online Account. Checking your Secure Online Account regularly will give you an opportunity to prevent multiple fraudulent transactions. We deliver transaction confirmations at or before the completion of your transactions. We deliver account statements on a quarterly basis (that is, shortly after March 31, June 30, September 30 and December 31 of each year). Under certain circumstances, for Qualified Contracts, your account statement may serve as the confirmation for transactions you made during the quarter covered by the statement. Other correspondence may be delivered at any time.
We will allow you to have access to your Secure Online Account even after you revoke your consent to our electronic delivery of documents or surrender or exchange your Contract. However, We reserve the right to delete your Secure Online Account upon 30 days’ notice, which We will deliver to your Secure Online Account. Upon receipt of such a notice, you should consider printing the information held in your Secure Online Account. Upon request, We will provide paper copies of any deleted document.
We have no present intention of deleting documents from your Secure Online Account. If, however, We decide to do so, We will provide you with at least 30 days’ notice in your Secure Online Account so that you will have an opportunity to print the documents that are subject to deletion.
Low Cost Fund Platform Fee
The Company imposes a Low Cost Fund Platform Fee on amounts invested in certain Sub-accounts that invest in low cost Investment Portfolios. For further information, see "Expenses – Low Cost Fund Platform Fee."
Inquiries
If you need more information, please go to www.nationwideadvisory.com or contact Us at:
Jefferson National Life Insurance Company of New York
P.O. Box 36840
Louisville, Kentucky 40233
(866) 667-0561
Fee Tables
The following tables describe the fees and expenses that you will pay when buying, owning and surrendering the Contract. The first table describes the fees and expenses that you will pay at the time you buy the Contract, surrender the Contract, or transfer amounts between Investment Portfolios. State premium taxes may also be deducted.
Owner Transaction Expenses
Contingent Deferred Sales Charge (as a percentage of Purchase Payments withdrawn)   None  
Transfer Fee1   Current Charge:
None 		Maximum Charge:
$25.00
1 All transfers made on the same day involving the same Sub-account count as one transfer. Certain restrictions apply as further described under the heading "Transfers – Excessive Trading Limits" and "Transfers – Short Term Trading Risk."
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The next table describes the fees and expenses that you will pay periodically during the time that you own the Contract, not including the Investment Portfolios’ fees and expenses.
Separate Account Annual Expenses Table
    Current Charge Maximum Charge
Subscription Fee   $240.00 per Contract annually ($20.00 per month) $240.00 per Contract annually ($20.00 per month)
Separate Account Annual Expenses (as a percentage of Contract Value invested in the Investment Portfolios) Mortality and Expense Risk Charge   0.00% 0.00%
Administrative Charge   0.00% 0.00%
Total Separate Account Annual Expenses   $240.00 $240.00
Optional Low Cost Fund Platform
The next item shows the fee that you will pay, in addition to the Subscription Fee, and Investment Portfolio operating expenses, on Contract Value invested in certain Sub-accounts that invest in low cost Investment Portfolios. For further details, see "Expenses – Low Cost Fund Platform Fee."
    Minimum Annual Fee Maximum Annual Fee
Low Cost Fund Platform Fee (as a percentage of the average daily Contract Value allocated to the Sub-account)   0.05% 0.25%
Investment Portfolio Operating Expenses
The next table provides the minimum and maximum total operating expenses, as of December 31, 2020, charged by the Investment Portfolios that you may pay periodically during the life of the contract. More detail concerning each underlying Investment Portfolio’s fees and expenses is contained in the prospectus for each Investment Portfolio.
    Minimum Maximum
Total Investment Portfolio operating expenses
Expenses that are deducted from Investment Portfolio assets, including management fees, distribution and/or service (12b-1) fees, and other expenses for the period ended December 31, 2020.
Current and future total operating expenses of the Investment Portfolios could be higher or lower than those shown in the table. 		  Gross: 0.11% Gross: 3.50%
The minimum and maximum Investment Portfolio fund operating expenses indicated above do not reflect voluntary or contractual reimbursements and/or waivers applied to some Investment Portfolios. Therefore, actual expenses could be lower. Refer to the Investment Portfolio prospectuses for specific expense information. Additionally, the minimum and maximum underlying mutual fund operating expenses indicated above do not reflect the assessment of the Low Cost Fund Platform Fee, which is assessed by Us on certain Sub-account allocations. The Low Cost Fund Platform Fee may increase the cost of investing in certain Investment Portfolios beyond the minimum and maximum Investment Portfolio operating expenses reflected in the above table.
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Examples of Fees and Expenses
This Example is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity contracts. These costs include Owner transaction expenses, Subscription Fee, and Investment Portfolio fees and expenses.
The Example assumes that you invest $10,000 in the Contract for the time periods indicated and that your investment has a 5% return each year. Because there are no charges upon surrender or annuitization, your costs will be the same for the time periods shown whether you surrender, annuitize or continue to own the Contract. The Example does not reflect the assessment of the Low Cost Fund Platform Fee, which, if reflected, would result in higher expenses. For a description of the Low Cost Fund Platform Fee, see "Expenses – Low Cost Fund Platform Fee." The Subscription Fee for every Contract, regardless of size, is $240 annually, i.e. $20 per month. For this example, we used $20.00 per month as the Subscription Fee, but converted it to an asset based charge based on the average contract size of Jefferson National Life Insurance Company of New York as of the previous December 31. This conversion causes the Subscription Fee in the example below to be less than $240 annually. Although your actual costs may be higher or lower, based on these assumptions and those that follow, your costs would be:
Highest cost example using maximum charges:
(1) Assuming Contract charges and gross maximum Investment Portfolio operating expenses:
   
1 year 3 years 5 years 10 years
$356.76 $1,085.69 $1,835.65 $3,806.59
(2) Assuming Contract charges and gross minimum Investment Portfolio operating expenses:
   
1 year 3 years 5 years 10 years
$17.76 $55.90 $97.80 $221.57
Condensed Financial Information
Appendix B to this prospectus contains tables that show Accumulation Unit values and the number of Accumulation Units outstanding for each of the Sub-accounts of the Separate Account. The financial data included in the tables should be read in conjunction with the financial statements and the related notes that are in the Statement of Additional Information.
The Company
Jefferson National Life Insurance Company of New York was organized in 2014.
We are principally engaged in the life insurance and annuity business in the state of New York. We are a stock company organized under the laws of the state of New York and are a direct subsidiary of Jefferson National Life Insurance Company and an indirect subsidiary of Jefferson National Financial Corp.
Jefferson Financial Corp is ultimately owned by Nationwide Mutual Insurance Company and Nationwide Mutual Fire Insurance Company, which are engaged in general insurance and reinsurance business, except life insurance.
The obligations under the Contracts are obligations of Jefferson National Life Insurance Company of New York.
The Monument Advisor NY Variable Annuity Contract
This prospectus describes The Monument Advisor NY Variable Annuity Contract offered by Jefferson National. An annuity is a contract between you, the Owner, and Us. Until you decide to begin receiving Annuity Payments, your Contract is in the Accumulation Period. Once you begin receiving Annuity Payments, your Contract switches to the Annuity Period.
The Contract benefits from Tax Deferral. Tax-deferral means that you are not taxed on any earnings or appreciation on the assets in your Contract until you take money out of your Contract. The Contract may be issued in conjunction with certain plans qualifying for special income tax treatment under the Code. In that instance, you should be aware that this annuity will fund a retirement plan that already provides Tax Deferral under the Code. In such situations where you are already in a qualified plan, the Tax Deferral of the annuity does not provide additional benefits. In addition, you should be aware that there are fees and charges in an annuity that may not be included in other types of investments, which may be more or
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less costly. However, the fees and charges under the Contract are also designed to provide for certain annuity benefits and features other than Tax Deferral that may not be available through other investments. These features are explained in detail in this prospectus. You should consult with your tax or legal adviser to determine if the Contract is appropriate for your tax qualified plan.
The Contract is called a variable annuity because you can choose among several Investment Portfolios and, depending upon market conditions, you can make or lose money in any of these Investment Portfolios. The amount of money you are able to accumulate in your Contract during the Accumulation Period depends upon the investment performance of the Investment Portfolio(s) you select.
You may only choose to receive Annuity Payments on a fixed basis. If you choose Annuity Payments, the amounts of the Annuity Payments are constant for the entire Annuity Period.
Free Look
If you change your mind about owning the Contract, you can cancel it within 10 days after receiving it, or 60 days if it is a Replacement Contract. Investment Portfolio operating expenses and any Contract fees that are assessed daily as part of the Accumulation Unit value calculation will have been deducted. On the Business Day We receive your request We will return your Contract Value plus any fees and other charges deducted via redemption of Accumulation Units. The amount will not include any underlying fund charges that may have been imposed. Jefferson National deems this period as beginning on the date the Contract is posted to your Secure Online Account. If you elect to receive the Contract in paper, Jefferson National deems this period as ending 15 days after it mails a Contract, or 60 days if it is a Replacement Contract.
Owner. You, as the Owner of the Contract, have all the rights under the Contract. The Owner is as designated at the time the Contract is issued, unless changed. You can change the Owner at any time. A change will automatically revoke any prior Owner designation. You must notify Us in writing via fax or U.S. mail. We will not be liable for any payment or other action We take in accordance with the Contract before We receive notice of the change.
A change of Owner may be a taxable event.
Joint Owner. A Non-Qualified Contract can be owned by Joint Owners. Upon the death of either Joint Owner, the surviving Joint Owner will be the primary Beneficiary. Any other Beneficiary designation on record at the time of death will be treated as a contingent Beneficiary unless you have previously notified Us in writing via fax or U.S. mail or otherwise.
Beneficiary. The Beneficiary is the person(s) or entity you name to receive any Death Benefit Amount. The Beneficiary is named at the time the Contract is issued. If no Beneficiary is designated, your estate will be the Beneficiary. In the case of a non-natural Owner, and no Beneficiary is named, the default will be the Owner. Unless an irrevocable Beneficiary has been named, you can change the Beneficiary at any time before you die. We will not be liable for any payment or other action We take in accordance with the Contract before We receive notice of the change of Beneficiary.
Restricted Beneficiary. In accordance with Company procedures and applicable law, You may preselect a restricted stretch option that will force the Beneficiary to take required minimum distributions over the Beneficiary’s life expectancy. You can change this restricted option at any time before death. Upon death, the Beneficiary will not be permitted to change the selected option. If the Beneficiary predeceases you, the contingent beneficiary may choose a different death option as provided in your Contract.
Assignment
Subject to applicable law, you can assign the Contract at any time during the Contract Owner’s lifetime. We will not be bound by the assignment until We receive the written notice of the assignment. We will not be liable for any payment or other action We take in accordance with the Contract before We receive notice of the assignment.
An assignment may be a taxable event.
If the Contract is a Qualified Contract, there are limitations on your ability to assign the Contract.
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Electronic Administration of Your Contract
This Contract is designed to be administered electronically ("Electronic Administration"). You can access documents relating to the Contract and the Investment Portfolios online. If you consent to Electronic Administration, you will receive all documents electronically, unless you request, either at the time of application or later, to receive documents relating to the Contract by paper, via U.S. Mail at no extra charge.
If you elect Electronic Administration, you must have Internet access so that you can view your Secure Online Account and access all documents relating to the Contract and the Investment Portfolios. You should not elect Electronic Administration if you do not have Internet access. Although We will email you when a transaction relating to your Contract has occurred or a document impacting your Contract is posted, you should regularly check your Secure Online Account. There is no substitute for regularly checking your Secure Online Account. If you choose electronic delivery, and the delivery continues to fail after three attempts, We will automatically change your preferences going forward to receive the documents in paper via U.S. mail.
You may, however, elect to have documents related to your Contract also delivered via U.S. mail to your address of record at no extra charge. We may also continue to send documents to your Secure Online Account. You may revoke or reinstate your consent to electronic delivery anytime. You may do so by visiting the Website, by calling the Customer Service telephone number or by writing to the Jefferson National Service Center. Notification of change made via the Website will be effective immediately. Notification by telephone or U.S. mail will be processed as received, usually within two business days.
Current prospectuses and all required reports for the Contract and the Investment Portfolios are available on Our Website through your Secure Online Account. We post updated prospectuses for the Contract and the Investment Portfolios on Our Website on or about May 1 of each year. Prospectuses also may be supplemented throughout the year and will be available on the Website. We post Annual Reports and Semi-Annual Reports for the Investment Portfolios on Our Website on or about March 1 and September 1, respectively, each year. For your reference, We archive out-of-date Contract prospectuses. To the extent an archived Contract prospectus is no longer available on the Website, We will provide it upon request.
You will not have electronic access through Our Website to archived Investment Portfolio prospectuses or Annual and Semi-Annual Reports after We remove them from the Website. Accordingly, you should consider printing them before they are removed. Upon request, either before or after a prospectus is removed from the website, we will send you a paper copy of these documents via U.S. mail. Please note, irrespective of whether you have elected Electronic Administration, proxy statements for the Investment Portfolios will be provided to you via U.S. mail.
We will send all other documents related to your Contract to your Secure Online Account, including, but not limited to, transaction confirmations, periodic account statements and other personal correspondence. You create your Secure Online Account when you purchase the Contract and We maintain it for you on Our Website.
You will have access to your Secure Online Account even after you revoke your consent to Our electronic delivery of documents or surrender or exchange your Contract. However, We reserve the right to delete your Secure Online Account upon 30 days' notice, which We will deliver to your Secure Online Account. Upon receipt of such a notice, you should consider printing the information held in your Secure Online Account. Upon request, we will provide paper copies of any deleted document.
We have no present intention of deleting documents from your Secure Online Account. If, however, We decide to do so, We will provide you with at least 30 days' notice to your Secure Online Account so that you will have an opportunity to print the documents that are subject to deletion.
Confirmations and Statements
We will send a confirmation statement to your Secure Online Account, or by paper delivery via U.S. mail at no extra charge, each time you make a new Purchase Payment, a transfer among the Investment Portfolios, or a withdrawal. Generally, We deliver transaction confirmations at the completion of your transactions. However, the confirmation for a new Purchase Payment or transfer of Contract Value may be an individual confirmation or may be part of your next quarterly account statement. You should review your confirmation statements to ensure that your transactions are carried out correctly. If you fail to do so, you risk losing the opportunity to ask us to correct an erroneous transaction. We deliver account statements to your Secure Online Account on a quarterly basis (that is, shortly after March 31, June 30, September 30 and December 31 of each year), or in paper via U.S. mail if you have withdrawn your consent to Electronic Administration or otherwise request a specific confirmation or statement. Under certain circumstances for Qualified
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Contracts, your account statement may serve as the confirmation for transactions you made during the quarter covered by the statement. Other correspondence may be delivered at any time. If you have questions, you can either go to Our Website and click on "Contact Us" for secure online correspondence or you can e-mail Us at service@nationwideadvisory.com or call Us at (866) 667-0561.
Requesting Transactions or Obtaining Information About your Contract
You may request transactions or obtain information about your Contract by submitting a request to Us in writing via fax or U.S. mail. Subject to Our administrative rules and procedures, We may also allow you to submit a request through other means.
Telephone and Website Transactions. You can elect to request certain transactions and receive information about your Contract by telephone or through our Website (www.nationwideadvisory.com). All transaction requests are processed subject to Our administrative rules and procedures.
We will accept transaction requests from your Investment Advisor or financial professional upon your written request. You can also authorize someone else, via submitting a power of attorney in good order (complete with required signatures), to request transactions for you. If you own the Contract with a Joint Owner, We will accept instructions from and provide information to either you or the Joint Owner.
We will use reasonable procedures to confirm that instructions given to Us by telephone are genuine and will not be liable for following instructions that are reasonably determined to be genuine. All telephone calls will be recorded and the caller will be asked to produce correct identifying information before We will accept the telephone transaction. We will post confirmations of all transactions, statements and other correspondence to your Secure Online Account. We will not send these to you in paper, unless you have elected to receive paper documents via U.S. mail. If We fail to use such procedures We may be liable for any losses due to unauthorized or fraudulent instructions.
Telephone and computer systems may not always be available. Any telephone system or computer can experience outages or slowdowns for a variety of reasons. The outages or slowdowns could prevent or delay processing. Although We have taken precautions to prevent such outages or slowdowns, it is still possible to incur an outage or delay. To avoid technical difficulties, submit transactions by mail.
Security of Electronic Communications With Us. Our Website uses generally accepted and available encryption software and protocols, including Secure Socket Layer. This is to prevent unauthorized people from eavesdropping or intercepting information you send or receive from Us via the website. This may require that you use certain readily available versions of web browsers. As new security software or other technology becomes available, We may enhance Our systems.
You will be required to provide your user ID and password to access your Secure Online Account and perform transactions on Our Website. Do not share your password with anyone else. We will honor instructions from any person who provides correct identifying information, and We may not be responsible for fraudulent transactions We believe to be genuine based on these procedures. Accordingly, you may bear the risk of loss if unauthorized persons conduct any transaction on your behalf. You can reduce this risk by checking your Secure Online Account regularly which will give you an opportunity to prevent multiple fraudulent transactions.
Avoid using passwords that can be guessed and consider changing your password frequently. Our employees or representatives will not ask you for your password. It is your responsibility to review your Secure Online Account and to notify Us promptly of any unauthorized or unusual activity. We only honor instructions from someone logged into Our secure Website using a valid user ID and password.
We cannot guarantee the privacy or reliability of e-mail, so We will not honor requests for transfers or changes received by e-mail, nor will We send sensitive account information through unsecured e-mail. All transfers or changes should be made through Our secure Website or secure file share portal. If you want to ensure that Our encryption system is operating properly, go to the icon that looks like a "locked padlock." This shows that encryption is working between your browser and Our web server. You can click or double-click on the padlock to get more information about the server. When you click the "view certificate" button (in FireFox) or the "subject" section (in Internet Explorer), you should see "Nationwide Mutual Insurance Co." listed as the owner of the server you are connected to. This confirms that you are securely connected to Our server.
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Risks Associated with COVID-19
In March 2020, the World Health Organization declared the COVID-19 outbreak a pandemic, which has resulted in operational disruptions, as well as market volatility and general economic uncertainty. While Jefferson National has implemented risk management and contingency plans and taken preventative measures and other precautions so it can continue to provide products and services to its customers, even as many of its employees and the employees of its service providers continue to work remotely, it is not currently possible to accurately estimate the full impact that the COVID-19 pandemic will have on Jefferson National’s businesses as Jefferson National continues to be subject to certain risks that could negatively impact its operations.
Significant market volatility and negative investment returns in the market resulting from the COVID-19 pandemic could have a negative impact on returns of the underlying mutual funds in which the variable account invests. Additionally, prolonged current economic conditions, consumer behavior, economic shutdowns, state and federal legislation intended to ease the impact of the COVID-19 pandemic on consumers and voluntary hardship assistance that Jefferson National provides to its customers, among other factors related to COVID-19, could affect the amount of sales and profitability of Jefferson National’s businesses and could have a negative impact on its financial condition and operations.
While Jefferson National is confident in its ability to manage the financial risks related to COVID-19, the extent and duration or the risks related to the COVID-19 pandemic are unknown at this time. It is possible these risks could impact Jefferson National’s financial strength and claims-paying ability. There are many factors beyond Jefferson National’s control that cannot be mitigated or foreseen that could have a negative impact on Jefferson National and the operation of the contract. Jefferson National continues to monitor the economic situation and assess its impact on its business operations closely.
Business Continuity Risks
Jefferson National is exposed to risks related to natural and man-made disasters and catastrophes, such as storms, fires, earthquakes, public health crises and terrorist acts, which could adversely affect Jefferson National’s ability to administer the contracts. Natural and man-made disasters may require a significant contingent of Jefferson National’s employees to work from remote locations. During these periods, Jefferson National could experience decreased productivity, and a significant number of Jefferson National’s workforce or certain key personnel may be unable to fulfill their duties if Jefferson National’s data or systems are disabled or destroyed. In addition, an extended period of remote work arrangements could introduce operational risk and impair Jefferson National’s ability to administer the contract.
Jefferson National outsources certain critical business functions to third parties and, in the event of a natural or man-made disaster, relies upon the successful implementation and execution of the business continuity planning of such entities. While Jefferson National closely monitors the business continuity activities of these third parties, successful implementation and execution of their business continuity strategies are largely beyond Jefferson National’s control. If one or more of the third parties to whom Jefferson National outsources such critical business functions experience operational failures, Jefferson National’s ability to administer the contract could be impaired.
Beneficially Owned Contracts
A beneficially owned contract is a Contract that is inherited or purchased by a Beneficiary and the Beneficiary holds the Contract as a Beneficiary (as opposed to treating the Contract as his/her own) to facilitate the distribution of a death benefit or contract value in accordance with the applicable federal tax laws. An owner of a beneficially owned contract is referred to as a "beneficial owner."
There are two types of beneficially owned contracts, a "continued beneficially owned contract" and a "purchased beneficially owned contract." A continued beneficially owned contract is when a Beneficiary inherits a Contract and continues that Contract as a beneficial owner. A "purchased beneficially owned contract" is when a Beneficiary purchases a new Contract using a death benefit or contract value that the Beneficiary inherited under a different annuity Contract.
Not all options and features described in this prospectus are available to beneficially owned contracts:
• Subsequent purchase payments are not permitted under any beneficially owned contract.
• No optional benefits are permitted under any beneficially owned contract, except that a purchased beneficially owned contract may elect an optional death benefit.
• A beneficial owner must be both the Contract Owner and the Annuitant of a beneficially owned contract, and no additional parties may be named.
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• No changes to the parties will be permitted on any beneficially owned contract, except that a beneficial owner may request changes to their successor Beneficiary(ies).
• Beneficially owned contracts cannot be assigned, except that a beneficial owner may assign rights to the distribution payments.
There is no death benefit payable on a on a continued beneficially owned contract. After the death of the beneficial owner, any remaining death benefit or Contract value to be distributed will be payable to a successor Beneficiary in accordance with applicable federal tax laws.
A Beneficiary who is the surviving spouse of a contract owner has the option under the tax laws to continue the Contract as the sole contract owner and treat the Contract as the spouse’s own. If a spouse continues the Contract as the sole contract owner, the spouse will not be treated as a beneficial owner and this section will not apply.
Good Order
A request or transaction generally is considered in good order if it complies with our administrative procedures and the required information is complete and accurate. A request or transaction may be rejected or delayed if not in good order. Good order generally means the actual receipt by us of the instructions relating to the requested transaction in writing (or, when permitted, by telephone or Internet) along with all forms, information and supporting legal documentation necessary to effect the transaction. This information and documentation generally includes to the extent applicable to the transaction: your completed application; your Contract number; the transaction amount (in dollars or percentage terms); the names and allocations to and/or from the Investment Portfolios affected by the requested transaction; the signatures of all Contract Owners (exactly as indicated on the Contract), if necessary; Social Security Number or Tax I.D.; and any other information or supporting documentation that we may require, including any spousal or Joint Owner's consents. With respect to Purchase Payments, good order also generally includes receipt by us of sufficient funds to effect the purchase. We may, in our sole discretion, determine whether any particular transaction request is in good order, and we reserve the right to change or waive any good order requirement at any time. If you have any questions, you should contact us or your Investment Advisor or financial professional before submitting the form or request.
Purchase
Application for a Contract
If you wish to purchase a Contract, you may submit an application and an initial Purchase Payment to the Company, as well as any other form or information that the Company may require. The Company reserves the right to reject an application for any reason, subject to the Company’s underwriting standards and guidelines and any applicable state or federal law relating to nondiscrimination.
Purchase Payments
A Purchase Payment is the money you give Us to buy the Contract. You can make Purchase Payments at any time before the Annuity Date. The minimum initial Purchase Payment We will accept is $15,000. We reserve the right to issue a Contract for less than $15,000 with Our approval, subject to the terms and conditions we may require. The maximum We accept is $10,000,000 without Our prior approval and will be subject to such terms and conditions as We may require.
Jefferson National reserves the right to refuse any Purchase Payment. Jefferson National does not accept Purchase Payments in the form of cash, cash equivalents or checks payable in foreign currency or issued by non-U.S. financial institutions. Purchase Payments made in the form of check, wire or EFT must be drawn upon the account of a U.S. financial institution.
Subject to the maximum described above, you can make additional Purchase Payments of any amount. However, we reserve the right to impose minimums on future Purchase Payments.
If mandated under applicable law, the Company may be required to reject a Purchase Payment. The Company also may be required to provide additional information about an Owner’s account to government regulators. In addition, the Company may be required to block an Owner’s account and thereby refuse to pay any request for transfers, full or partial withdrawals (including systematic withdrawals and withdrawals made to pay Advisor Fees), or death benefits until instructions are received from the appropriate regulator.
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Allocation of Purchase Payments
You control where your Purchase Payments are invested. On the application for a Contract, you may choose to have 100% of your initial Purchase Payment invested in the money market Sub-Accounts. Alternatively, you may use a separate administrative form to select the Sub-Accounts in which to invest your initial Purchase Payment. Any subsequent or additional Purchase Payments will be allocated based on your Investment Allocation of Record. Please make sure your Investment Allocation of Record is kept current. The Company imposes a Low Cost Fund Platform Fee on Contract Value invested in certain Sub-accounts that invest in low cost Investment Portfolios. See "Expenses – Low Cost Fund Platform Fee" for further details.
Once We receive your Purchase Payment and the necessary information, We will issue your Contract and allocate your first Purchase Payment within 2 Business Days. If you do not provide Us all of the information needed, We will contact you. If for some reason We are unable to complete this process within 5 Business Days, We will either send back your money or get your permission to keep it until We get all of the necessary information. The method of payment (e.g., check, wire transfer, electronic funds transfer) may affect when your Purchase Payment is received by Us. If you add more money to your Contract by making additional Purchase Payments, We will credit these amounts to your Contract as of the Business Day We receive your Purchase Payment. Our Business Day closes at the close of regular trading on the New York Stock Exchange.
Investment Options
Investment Portfolios
The Contract offers various Sub-accounts, each of which invests exclusively in an Investment Portfolio listed in "Appendix A – More Information About the Investment Portfolios." During the Accumulation Period, money you invest in the Sub-accounts may grow in value, decline in value, or grow less than you expect, depending on the investment performance of the Investment Portfolios in which those Sub-accounts invest. You bear the investment risk that those Investment Portfolios might not meet their investment objectives.
In the future, additional Investment Portfolios managed by certain investment advisory firms, brokerage firms, or their affiliates may be added. These additional Investment Portfolios may be offered exclusively to purchasing customers of the particular investment advisory firm or brokerage firm, or through other exclusive distribution arrangements.
You should read the summary prospectus or prospectus for any Investment Portfolio carefully before investing. Unless you have opted to receive documents relating to your Contract via U.S. mail, copies of these summary prospectuses and prospectuses will not be sent to you in paper. They are, however, available on Our Website. See "Appendix A – More Information About the Investment Portfolios" which contains the investment objective for each Investment Portfolio.
The investment objectives and policies of certain Investment Portfolios are similar to the investment objectives and policies of other mutual funds managed by the same investment advisors. Although the objectives and policies may be similar, the investment results of the Investment Portfolios may be higher or lower than the results of such other mutual funds. The investment advisors cannot guarantee, and make no representation that, the investment results of similar funds will be comparable even though the Investment Portfolios have the same investment advisors.
A significant portion of the assets of certain Investment Portfolios come from investors who take part in certain strategic and tactical asset allocation programs. These Investment Portfolios anticipate that investors who take part in these programs may frequently redeem or exchange shares of these Investment Portfolios, which may cause the Investment Portfolios to experience high portfolio turnover. Higher portfolio turnover may result in the Investment Portfolios paying higher levels of transaction costs. Large movements of assets into and out of the Investment Portfolios may also negatively impact an Investment Portfolio’s ability to achieve its investment objective. In addition, the extent to which Contracts are owned by investors who engage in frequent redemptions or exchanges involving Investment Portfolios which do not limit such activity may result in more redemption and exchange activity in other Investment Portfolios which impose limits on such activity. The adverse impact, if any, of such activity will be constrained by the limits those other Investment Portfolios impose on frequent redemption or exchange activity. Refer to the Investment Portfolios’ prospectuses for more details on the risks associated with any specific Investment Portfolio.
Shares of the Investment Portfolios are offered in connection with certain variable annuity contracts and variable life insurance policies of various life insurance companies, which may or may not be affiliated with Us. Certain Investment Portfolios are also sold directly to qualified plans. The Investment Portfolios do not believe that offering their shares in this manner will be disadvantageous to you.
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Administrative, Marketing and Support Services Fees
Jefferson National and the principal underwriter for the Contracts have arrangements with the investment adviser, subadviser, distributor, and/or affiliated companies of most of the Investment Portfolios under which Jefferson National and the principal underwriter for the Contracts receive payments in connection with the provision of administrative, marketing or other support services to the Investment Portfolios. Proceeds of these payments may be used for any corporate purpose, including payment of expenses that the Company and the principal underwriter for the Contracts incur in promoting, issuing, distributing and administering the Contracts. The Company and its affiliates may profit from these fees. The payments are generally based on a percentage of the average assets of each Investment Portfolio allocated to the investment options under the Contract or other contracts offered by the Company. The amount of the fee that an Investment Portfolio and its affiliates pay the Company and/or the Company’s affiliates is negotiated and varies with each Investment Portfolio. Aggregate fees relating to the different Investment Portfolio may be as much as 0.50% annually of the average net assets of an Investment Portfolio attributable to the relevant Contracts. Certain minimums may apply and this amount may change at any time without notice. A portion of these payments may come from revenue derived from the distribution and/or service fees (12b-1 fees) that are paid by an Investment Portfolio out of its assets as part of its total annual operating expenses. Where the Company does not have an arrangement with an Investment Portfolio to receive payments for the provision of services, or if the payments are minimal, Low Cost Fund Platform Fee proceeds may be used to pay expenses that the Company and the principal underwriter for the Contracts incur in promoting, issuing, distributing and administering the Contracts. The Company and its affiliates may profit from these fees.
Selection of Investment Portfolios
The Company selects the Investment Portfolios based on several criteria, including without limitation, asset class coverage, the strength of the investment adviser’s (or sub-adviser’s) reputation and tenure, brand recognition, performance, advisor or customer interest, and the capability and qualification of each investment firm. Another factor the Company considers during the selection process is whether the Investment Portfolio, its adviser, its sub-adviser, or an affiliate will make payments to the Company or its affiliates as described above. The Company reviews each Investment Portfolio periodically after it is selected. Upon review, the Company may remove an Investment Portfolio or restrict allocation of additional Purchase Payments and or transfers of Contract Value to an Investment Portfolio if it determines the Investment Portfolio no longer meets one or more of the criteria and/or if the Investment Portfolio has not attracted significant Contract owner assets. If this occurs, you may remain invested in the Investment Portfolio, although you may be restricted from adding additional Purchase Payments or transferring additional Contract Value into such Investment Portfolio. The Company does not recommend or endorse any particular Investment Portfolio, and does not provide investment advice.
Fixed Account
No fixed account is available during the Accumulation Period. See "Annuity Payments" for information on the Fixed Account during the Annuity phase of the Contract (these payments will come from Jefferson National’s general account and are subject to the Company’s financial strength and claims paying ability).
Voting Rights
Jefferson National is the legal owner of the Investment Portfolio shares. However, when an Investment Portfolio solicits proxies in conjunction with a vote of its shareholders, We will send you and other Owners materials describing the matters to be voted on and we may send these materials to you in paper even if you have elected Electronic Administration. You instruct Us how you want Us to vote your shares. When We receive those instructions, We will vote all of the shares We own, including shares owned by us and our affiliates, and those for which no timely instructions are received in proportion to those instructions timely received. As a result of proportional voting, the vote of a small number of Contract Owners could determine the outcome of a proposal subject to a shareholder vote. Should We determine that We are no longer required to follow this voting procedure, We will vote the shares ourselves.
Substitution
It may be necessary to discontinue one or more of the Investment Portfolios or substitute a new Investment Portfolio for one of the Investment Portfolios you have selected. New or substitute Investment Portfolios may have different fees and expenses and their availability may be limited to certain classes of purchasers. We will notify you of Our intent to do this.
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We will obtain any required prior approval from the Securities and Exchange Commission before any substitution is made. Once a substitution is approved, your investment in such Investment Portfolio will automatically be transferred into the new Investment Portfolio.
Transfers
You can transfer money among the Investment Portfolios, subject to the excessive trading limits set forth below. The Company imposes a Low Cost Fund Platform Fee on Contract Value allocated to certain Sub-accounts. See "Expenses – Low Cost Fund Platform Fee" for further details. Transfers may be deferred as permitted or required by law. See "Suspension of Payments or Transfers" section below.
Early Cut-Off Times
Certain Investment Portfolios impose transfer cut-off times before the end of the Business Day. See "Appendix A – More Information About the Investment Portfolios" for a list of Investment Portfolios with early cut-off times. For transfers between Investment Portfolios that impose early cut-off times with those Investment Portfolios that do not impose, or impose different early cut-off times, the earliest time will be used. These early cut-off times do not apply to Purchase Payments or Contract withdrawals.
Transfers During the Accumulation Period
You can make a transfer to or from any Investment Portfolio available to you. Transfers may be made by contacting Our administrative offices or through Our Website. Subject to Our administrative rules, including our Excessive Trading Limits and Short Term Trading Risk described below, you can make an unlimited number of transfers between the Investment Portfolios during the Accumulation Period. We reserve the right to impose a fee for excessive transfers after notifying you.
We reserve the right to impose any fees charged by the Investment Portfolios for excessive transfers. The following apply to any transfer during the Accumulation Period:
(1) Your request for a transfer must clearly state which Investment Portfolio(s) are involved in the transfer.
(2) Your request for transfer must clearly state how much the transfer is for.
(3) Your right to make transfers is subject to modification if We determine, in Our sole opinion that the exercise of the right by one or more Owners is, or would be, to the disadvantage of other owners. Restrictions may be applied in any manner reasonably designed to prevent any use of the transfer right, which is considered by Us to be to the disadvantage of other Owners. A modification could be applied to transfers to, or from, one or more of the Investment Portfolios and could include, but is not limited to:
(a) the requirement of a minimum time period between each transfer;
(b) not accepting a transfer request from an Investment Advisor or financial professional acting under a power of attorney on behalf of more than one Owner; or
(c) limiting the dollar amount that may be transferred between Investment Portfolios by an Owner at any one time.
(4) We reserve the right, at any time, and without prior notice to any party, to terminate, suspend or modify the transfer privilege during the Accumulation Period.
This product is not designed for professional market timing organizations. Jefferson National reserves the right to modify (including terminating) the transfer privileges described above.
Excessive Trading Limits
The Contracts are first and foremost annuity contracts, designed for retirement or other long-term financial planning purposes, and are not designed for market timers or persons who make frequent transfers. The use of such transfers can be disruptive to any underlying Investment Portfolio and harmful to other Owners invested in the Investment Portfolio.
We reserve the right to limit transfers in any Contract year, or to refuse any transfer request for an Owner, Investment Advisor or financial professional acting under a limited power of attorney, for any reason, including without limitation, if:
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• We believe, in Our sole discretion, that excessive trading by the Owner, or a specific transfer request, submitted by an Investment Advisor or financial professional, or a group of transfer requests, may have a detrimental effect on the Accumulation Unit values of any Sub-account or the share prices of any Investment Portfolio or would be detrimental to other Owners; or
• We are informed by one or more Investment Portfolios that they intend to restrict the purchase of Investment Portfolio shares because of excessive trading, because the transfer request is large in relation to the total assets of the Investment Portfolio or because they believe that a specific transfer or group of transfers would have a detrimental effect on the price of Investment Portfolio shares; or
• We are informed by one or more Investment Portfolios that they are unwilling to accept (or will not accept for a certain number of days) a transfer request whether due to the frequency of trading or the size of the transfer request; or
• the requested transaction violates Our administrative rules designed to detect and prevent market timing.
The restrictions imposed may include, but are not limited to, restrictions on transfers (e.g., by not processing requested transfers, limiting the number of transfers allowed, and/or the dollar amount, requiring holding periods, allowing transfer requests by U.S. mail only, etc.) or even prohibitions on them for particular Owners who, in Our view, or in the view of an investment adviser to an Investment Portfolio, have abused or appear likely to abuse the transfer privilege. These restrictions do not apply to withdrawals from the Contract.
We may apply restrictions in any manner reasonably designed to prevent transfers that we consider disadvantageous to other Owners. These excessive trading limits apply to all Owners. However, using our processes and procedures, we may not detect all market timers, prevent frequent transfers, or prevent harm caused by excessive transfers. The difficulty in detecting market timing activity may have the effect of allowing some to engage in market timing activities while preventing others.
Short-Term Trading Risk. Frequent exchanges among Investment Portfolios by Owners can reduce the long–term returns of the underlying mutual funds. The reduced returns could adversely affect the owners, annuitants, insureds or beneficiaries of any variable annuity or variable life insurance contract issued by any insurance company with respect to values allocated to the underlying fund. Frequent exchanges may reduce the underlying fund’s performance by increasing costs paid by the fund (such as brokerage commissions); they can disrupt portfolio management strategies; and they can have the effect of diluting the value of the shares of long term shareholders in cases in which fluctuations in markets are not fully priced into the fund’s net asset value.
The insurance–dedicated mutual funds available through the Investment Portfolios may also be available in products issued by other insurance companies. These funds carry a significant risk that short–term trading may go undetected. The funds themselves generally cannot detect individual contract owner exchange activity, because they are owned primarily by insurance company separate accounts that aggregate exchange orders from owners of individual contracts. Accordingly, the funds are dependent in large part on the rights, ability and willingness of all participating insurance companies to detect and deter short–term trading by contract owners.
As outlined below, we have adopted policies regarding frequent trading, but can provide no assurance that other insurance companies using the same underlying funds have adopted comparable procedures. There is also the risk that these policies and procedures concerning short–term trading will prove ineffective in whole or in part to detect or prevent frequent trading. The difficulty in detecting market timing activity may have the effect of allowing some to engage in market timing while preventing others. Please review the underlying funds’ prospectuses for specific information about the funds’ short–term trading policies and risks.
Frequent Trading. In an effort to alleviate the lack of transparency inherent in omnibus accounts, the Company developed technology that permits each Investment Portfolio to see, on a real time basis, the transfer requests that will impact that Investment Portfolio when the Company places the omnibus account trade at the end of that Business Day. In addition, the Investment Portfolios are able to generate reports out of the same system that allow the Investment Portfolio to look for trading patterns that may be harmful to the Investment Portfolio. Essentially, this system attempts to provide each Investment Portfolio with the data it needs to empower the Investment Portfolio to enforce its active trading policies and procedures on a similar basis as if the Investment Portfolio was being offered on a retail basis, as opposed to inside of a variable annuity. As stated above, the Company reserves the right to enforce any decision made by an Investment Portfolio pursuant to its active trading policies and procedures, and to take any actions to delay or deny any pending transfer request, as well as blocking future trading within an Investment Portfolio.
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If a current or future transfer request is restricted or denied in accordance with our administrative procedures, you and your Investment Advisor or financial professional will be notified, and you will be kept in your current Sub-Account allocation. The statement of additional information contains more information about market timing arrangements, if any, and disclosure of Investment Portfolio securities to individuals, if any.
In its sole discretion, the Company may revise its frequent trading procedures at any time without prior notice as the Company deems necessary or appropriate to better detect and deter programmed, frequent, or large transfers that may adversely affect other Owners or Investment Portfolio shareholders, to comply with state or federal regulatory requirements, or to impose additional or alternate restrictions on active traders (such as dollar or percentage limits on transfers).
Dollar Cost Averaging Program
The Dollar Cost Averaging Program (DCA Program) allows you to systematically transfer a set amount either monthly, quarterly, semi-annually or annually. By allocating amounts on a regular schedule as opposed to allocating the total amount at one particular time, you may be less susceptible to the impact of market fluctuations. However, this is not guaranteed.
Subject to Our administrative procedures, you may select the Business Day when dollar cost averaging transfers will occur. You can sign up for the DCA Program for a specified time period. The DCA Program will end when the value in the Investment Portfolio(s) from which you are transferring is zero. A transfer request will not automatically terminate the DCA Program.
There is no additional charge for the DCA Program. However, we reserve the right to charge for the DCA Program in the future. We reserve the right, at any time and without prior notice, to terminate, suspend or modify the DCA Program. The Company imposes a Low Cost Fund Platform Fee on Contract Value invested in certain Sub-accounts. For further information, see "Expenses – Low Cost Fund Platform Fee."
Dollar cost averaging does not assure a profit and does not protect against loss in declining markets. Dollar cost averaging involves continuous investment in the selected Investment Portfolio(s) regardless of fluctuating price levels of the Investment Portfolio(s). You should consider your financial ability to continue the DCA Program through periods of fluctuating price levels.
Rebalancing Program
Once your money has been allocated among the Investment Portfolios, the performance of each Investment Portfolio may experience different gains and losses at different times, which will cause your allocation to shift. You can direct Us to automatically rebalance your Contract to return to your original Investment Allocations of Record or some other allocation of your choosing by selecting Our Rebalancing Program. When you elect the Rebalancing Program, you must specify the date on which you would like the initial rebalancing to occur and the frequency of the rebalancing (i.e. one time rebalance, monthly, quarterly, semi-annually or annually). We will measure the rebalancing periods from the initial rebalancing date selected. You can discontinue the Rebalancing Program at any time. You can modify rebalancing percentages for future rebalancing by submitting your request prior to the next rebalancing date. Currently, there is no charge for participating in the Rebalancing Program. We reserve the right, at any time and without prior notice to impose a fee, or to terminate, suspend or modify this program. The Company imposes a Low Cost Fund Platform Fee on Contract Value invested in certain Sub-accounts. For further information, see "Expenses – Low Cost Fund Platform Fee."
Example: Assume that you want your initial Purchase Payment split between 2 Investment Portfolios. You want 40% to be in the Bond Investment Portfolio and 60% to be in the Growth Investment Portfolio. Over the next 2 1/2 months the bond market does very well while the stock market performs poorly. At the end of the first quarter, the Bond Investment Portfolio now represents 50% of your holdings because of its increase in value. If you had chosen to have your holdings rebalanced quarterly, on the first Business Day of the next quarter, Jefferson National would sell some of your units in the Bond Investment Portfolio to bring its value back to 40% and use the money to buy more units in the Growth Investment Portfolio to increase those holdings to 60%.
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Advisor Fee Withdrawals
Jefferson National understands the importance to you of having advice from an Investment Advisor or financial professional regarding your investments in the Contract. Jefferson National has not made any independent investigation of these Investment Advisors or financial professionals and is not endorsing such programs. If Advisor Fees will be paid out of your Contract during the Accumulation Period, you will be required to enter into an advisory agreement with your Investment Advisor or financial professional.
Jefferson National will, pursuant to an agreement with you, process a partial withdrawal from the value of your Contract to pay Advisor Fees. You should consult a tax advisor regarding the tax treatment of the payment of Advisor Fees from your Contract. See "Taxes" for further information.
Expenses
There are charges and other expenses associated with the Contract that reduce the return on your investment in the Contract. These charges and expenses are:
Subscription Fee
We charge the Subscription Fee regardless of the amount of your Contract Value. This fee is used to reimburse us for our various expenses in establishing and maintaining the Contracts. On the last Business Day of the month, this fee is deducted from the money market Investment Portfolios you are invested in, pro rata, via a redemption of Accumulation Units. If you have less than $20 invested in the money market Investment Portfolios, then the remaining amount will be deducted from your non-money market Investment Portfolios, pro rata, via a redemption of Accumulation Units. We will deduct the Subscription Fee each month during the Accumulation Period. We also impose the applicable portion of the fee at death and upon full surrender of the Contract. The Company reserves the right to waive the Subscription Fee in certain circumstances including, without limitation, on Contracts issued to an officer, director, employee, or direct family member thereof, of Our company or any of Our affiliates. In no event will reduction or elimination of the Subscription Fee be permitted where it would be unfairly discriminatory to any person.
We will waive the $20 per month Subscription Fee if on the day the Subscription Fee would be levied your entire Contract Value is invested in one or more Sub-accounts for which the Company charges a Low Cost Fund Platform Fee and one or more of the following Sub-accounts (Waiver Sub-accounts):
Waiver Sub-Accounts:
• Nationwide Variable Insurance Trust – NVIT DFA Capital Appreciation (Class P)
• Nationwide Variable Insurance Trust – NVIT DFA Moderate (Class P)
• Nationwide Variable Insurance Trust – NVIT Government Money Market (Class Y)
NOTE: If Contract Value is allocated to one or more Waiver Sub-accounts, the waiver of the Subscription Fee will only apply if on the day the Subscription Fee would be levied, the total allocation to all of the Waiver Sub-accounts combined is equal to or less than 10% of the total Contract Value. If on such date the total allocation to all of the Waiver Sub-accounts combined is greater than 10% of the total Contract Value, the $20 per month Subscription Fee will apply for that month.
Contract Maintenance Charge
We impose no other Contract maintenance charge.
Low Cost Fund Platform Fee
The Company imposes a Low Cost Fund Platform Fee, up to 0.25% annually (this is the maximum fee) on Contract Value invested in certain Sub-accounts. The fee is deducted as an annualized percentage of the daily Contract Value allocated to the particular Sub-account(s). The determination of which Sub-accounts impose a Low Cost Fund Platform Fee is made by Us at Our sole discretion. The Company assesses the Low Cost Fund Platform Fee in order to facilitate making certain Investment Portfolios available as investment options under the Contract. These Investment Portfolios do not provide the Company or its affiliates with the amount of revenue it requires in order for it to meet its revenue targets. These fees may be used for any corporate purpose, including payment of expenses that the Company and its affiliates incur in promoting, marketing, and administering the Contract and, in its role as intermediary, the Investment Portfolios. The Company may profit from the Low Cost Fund Platform Fee, and may use any profit derived from this fee for any lawful
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purpose. A listing of the Sub-accounts for which the Company imposes a Low Cost Fund Platform Fee is listed below, and is also available on the Company’s Website or upon request. Some of the indicated Sub-accounts may not be available due to the date your Contract was issued. Refer to "Appendix A: More Information About the Investment Portfolios" for more information regarding Sub-account availability.
Sub-accounts with a Low Cost Fund Platform Fee of 0.25%:
• BNY Mellon Stock Index Fund, Inc.: Initial Shares
• DFA Investment Dimensions Group Inc. - VA Equity Allocation Portfolio: Institutional Class
• DFA Investment Dimensions Group Inc. - VA Global Bond Portfolio
• DFA Investment Dimensions Group Inc. - VA Global Moderate Allocation Portfolio: Institutional Class
• DFA Investment Dimensions Group Inc. - VA International Small Portfolio
• DFA Investment Dimensions Group Inc. - VA International Value Portfolio
• DFA Investment Dimensions Group Inc. - VA Short-Term Fixed Portfolio
• DFA Investment Dimensions Group Inc. - VA U.S. Large Value Portfolio
• DFA Investment Dimensions Group Inc. - VA U.S. Targeted Value Portfolio
• Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class Y
• Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class Y
• Nationwide Variable Insurance Trust - NVIT International Index Fund: Class Y
• Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class Y
• Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class Y
• Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class Y
• Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class Y
• Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class Y
• Vanguard Variable Insurance Fund - Balanced Portfolio
• Vanguard Variable Insurance Fund - Capital Growth Portfolio
• Vanguard Variable Insurance Fund - Diversified Value Portfolio
• Vanguard Variable Insurance Fund - Equity Income Portfolio
• Vanguard Variable Insurance Fund - Equity Index Portfolio
• Vanguard Variable Insurance Fund - Global Bond Index Portfolio
• Vanguard Variable Insurance Fund - Growth Portfolio
• Vanguard Variable Insurance Fund - High Yield Bond Portfolio
• Vanguard Variable Insurance Fund - International Portfolio
• Vanguard Variable Insurance Fund - Mid-Cap Index Portfolio
• Vanguard Variable Insurance Fund - Real Estate Index Portfolio
• Vanguard Variable Insurance Fund - Short-Term Investment-Grade Portfolio
• Vanguard Variable Insurance Fund - Total Bond Market Index Portfolio
• Vanguard Variable Insurance Fund - Total International Stock Market Index Portfolio
• Vanguard Variable Insurance Fund - Total Stock Market Index Portfolio
• Vanguard Variable Insurance Fund - Vanguard Conservative Allocation Portfolio
• Vanguard Variable Insurance Fund - Vanguard Moderate Allocation Portfolio
Sub-accounts with a Low Cost Fund Platform Fee of 0.10%:
• ProFunds - ProFund VP Small-Cap Growth
This list may change at any time; however, if a Sub-account which was previously offered without this fee is added to this list, the Low Cost Fund Platform Fee will not be charged on existing dollars invested in such Sub-account without your consent. Please note, the $20 per month Subscription Fee is waived if on the day the Subscription Fee would be levied your entire Contract Value is invested in Sub-accounts for which the Company charges the Low Cost Fund Platform Fee.
Investment Portfolio Operating Expenses
There are deductions from and expenses paid out of the assets of the various Investment Portfolios, which are described in the Investment Portfolio prospectuses. The Investment Portfolio operating expenses are included as part of Our calculation of the value of the Accumulation Units. We reserve the right to charge transfer fees imposed by the Investment Portfolios for excessive transfers. The investment advisory fees and other expenses, if any, which are more fully described in the Investment Portfolio prospectus, are not specified or fixed under the terms of the Contract, and may vary from year to year.
Transfer Fee
We impose no transfer fee for transfers made during the Accumulation Period.
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Income Taxes
Jefferson National may deduct from the Contract for any income taxes which we incur because of the Contract. At the present time, we are not making any such deductions.
Contract Value
Your Contract Value is the sum of your assets in the Sub-accounts of the Separate Account. The value of any assets in the Sub-accounts(s) will vary depending upon the investment performance of the Investment Portfolio(s) you choose. In order to keep track of your Contract Value in a Sub-account, we use a unit of measure called an Accumulation Unit. During the Annuity Period of your Contract we call the unit an Annuity Unit. Your Contract Value is affected by the investment performance of the Investment Portfolios, the expenses of the Investment Portfolios and the deduction of fees and charges under the Contract. If your Contract Value is zero, we reserve the right to surrender your Contract.
Accumulation Units
Every Business Day, we determine the value of an Accumulation Unit for each of the Sub-accounts by multiplying the Accumulation Unit value for the previous Business Day by a factor for the current Business Day. The factor for any particular Sub-account is determined by dividing (a) by (b), and then subtracting (c) from the result, where:
(a) is the sum of:
(1) the net asset value of the Investment Portfolio as of the end of the current Business Day; and
(2) the per share amount of any dividend or income distributions made by the Investment Portfolio (if the date of the dividend or income distribution occurs during the current Business Day).
(b) is the net asset value of the Investment Portfolio as of the end of the preceding Business Day.
(c) is a factor representing any Contract charges that are deducted from the Sub-account, which will include any applicable Low Cost Fund Platform Fees.
  Note: The factor in (c) above reflects only those Contract charges that are assessed daily as part of the daily Accumulation Unit calculation. It does not reflect other charges that are assessed via the redemption of Accumulation Units (e.g., Subscription Fee).
The value of an Accumulation Unit may go up or down from Business Day to Business Day.
When you make a Purchase Payment, we credit your Contract with Accumulation Units. The number of Accumulation Units credited is determined by dividing the amount of the Purchase Payment allocated to a Sub-account by the value of the Accumulation Unit for that Sub-account on that Business Day. When you make a withdrawal, we deduct Accumulation Units from your Contract representing the withdrawal. We also deduct Accumulation Units when we deduct certain charges under the Contract (including the Subscription Fee). Whenever we use an Accumulation Unit value, it will be based on the value next determined after receipt of the request or the Purchase Payment.
We calculate the value of an Accumulation Unit for each Sub-account at the close of regular trading on the New York Stock Exchange each Business Day and then credit your Contract.
EXAMPLE: On Wednesday we receive an additional Purchase Payment of $10,000 from you. You have told Us you want this to go to the Balanced Portfolio Investment Portfolio. When the New York Stock Exchange closes on that Wednesday, we determine that the value of an Accumulation Unit for the Balanced Portfolio Sub-account is $12.50. We then divide $10,000 by $12.50 and credit your Contract on Wednesday night with 800 Accumulation Units for the Balanced Portfolio Sub-account.
Access To Your Money
You can have access to the money in your Contract:
(1) by making a withdrawal (either a partial or a complete withdrawal);
(2) by electing to receive Annuity Payments; or
(3) when a death benefit is paid to your Beneficiary.
Withdrawals can only be made during the Accumulation Period.
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When you make a complete withdrawal, you will receive the Contract Value on the Business Day you made the withdrawal, less any pro rata Subscription Fees.
All partial withdrawals will be withdrawn from the Investment Portfolios on a pro-rata basis unless you instruct Us otherwise.
Jefferson National will pay the amount of any withdrawal from the Investment Portfolios within 7 days of your request in good order unless the "Suspension of Payments or Transfers" provision (see below) is in effect.
A withdrawal may result in tax consequences (including an additional 10% tax penalty under certain circumstances).
Systematic Withdrawal Program
The Systematic Withdrawal Program allows you to receive automatic payments either monthly, quarterly, semi-annually or annually. Unless you instruct us otherwise, the systematic withdrawals will be processed on a monthly basis. Subject to Our administrative procedures, you can instruct Us to withdraw a specific amount, which can be a percentage of the Contract Value, or a dollar amount. All systematic withdrawals will be withdrawn from the Investment Portfolios on a pro-rata basis, unless you instruct Us otherwise.
You may elect to end the Systematic Withdrawal Program by notifying Us prior to the next systematic withdrawal. The Systematic Withdrawal Program will terminate automatically when the Contract Value is exhausted. Once the Contract Value is exhausted, we reserve the right to fully surrender the Contract. We do not currently charge for the Systematic Withdrawal Program, but reserve the right to do so in the future.
Income taxes, tax penalties and certain restrictions may apply to systematic withdrawals.
Suspension of Payments or Transfers
We may be required to suspend or postpone withdrawals or transfers for any period when:
(1) the New York Stock Exchange is closed (other than customary weekend and holiday closings);
(2) trading on the New York Stock Exchange is restricted;
(3) an emergency exists as a result of which disposal of shares of the Investment Portfolios is not reasonably practicable or we cannot reasonably value the shares of the Investment Portfolios;
(4) during any other period when the SEC, by order, so permits for the protection of Owners.
If mandated under applicable law, we may be required to reject a Purchase Payment and/or otherwise block access to an Owner’s Contract and thereby refuse to pay any request for transfers, partial withdrawals, surrenders, or death benefits. Once blocked, monies would be held in that Contract until instructions are received from the appropriate regulator.
Death Benefit
Upon Your Death During the Accumulation Period
If you, or your Joint Owner, die before Annuity Payments begin, we will pay a death benefit to your Beneficiary. If you have a Joint Owner, the surviving Joint Owner will be treated as the primary Beneficiary. Any other Beneficiary designation on record at the time of death will be treated as a contingent Beneficiary. Our death distributions for both qualified and nonqualified contracts will follow the tax rules in the Code and its regulations.
The Contract Value for purposes of calculating any Death Benefit Amount will be determined as of the Business Day we receive in good order due proof of death and an election for the payment method (see below). After the Death Benefit Amount is calculated, it will remain in the Investment Portfolios until distribution begins. Until we distribute the Death Benefit Amount, the Death Benefit Amount in the Investment Portfolios will be subject to investment risk, which is borne by the Beneficiary. The Death Benefit Amount will remain invested in the Investment Portfolios in accordance with the allocation instructions given by You until We pay the Death Benefit Amount or until new instructions are given by the Beneficiary.
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Restricted Beneficiary
In accordance with Company procedures, You may preselect a restricted stretch option that will force the Beneficiary to take required minimum distributions over the Beneficiary’s life expectancy. You can change this restricted option at any time before death. Upon death, the Beneficiary will not be permitted to change the selected option. If the Beneficiary predeceases you, the contingent beneficiary may choose a different death option as provided in your Contract.
For Qualified Contracts, the SECURE Act that was enacted on December 20, 2019 generally eliminated the option to take required minimum distributions over an individual Beneficiary’s life expectancy. In the case of an Owner who dies on or after January 1, 2020, an individual Beneficiary under a Qualified Contract must now distribute the entire balance of the Contract by December 31 of the tenth year following the Owner’s death. There are limited exceptions to this rule and a prospective Owner contemplating a restricted option should consult a qualified tax advisor.
Death Benefit Amount During the Accumulation Period
The Death Benefit Amount will be the Contract Value, less the applicable portion of the Subscription Fee, at the time we receive due proof of death and a payment election.
Payment of the Death Benefit During the Accumulation Period
Unless already selected by you, a Beneficiary must elect to have the Death Benefit Amount paid under one of the options described below in the event of the death of the Owner or Joint Owner during the Accumulation Period. If an election for the payment method is not received, the Company will pay the proceeds under Option 2.
OPTION 1 - lump sum payment of the Death Benefit Amount; or
OPTION 2 - the payment of the entire Death Benefit Amount within 5 years of the date of death of the Owner or Joint Owner; or
OPTION 3 - payment of the Death Benefit Amount under an Annuity Option over the lifetime of the Beneficiary, or over a period not extending beyond the life expectancy of the Beneficiary, with distribution at least annually, beginning within 1 year of the date of the death of the Owner or any Joint Owner; or
OPTION 4 – in any other manner permitted by law and approved by Jefferson National.
Unless you have previously designated one of the payment options above, a Beneficiary who is a spouse of the deceased Owner may elect to:
• continue the Contract in his or her own name at the then current Death Benefit Amount;
• elect a lump sum payment of the Death Benefit Amount; or
• apply the Death Benefit Amount to an Annuity Option (see Beneficially Owned Contracts for additional information).
If a lump sum payment is requested, the Death Benefit Amount will be paid within 7 days, unless the Suspension of Payments provision is in effect. Payment to the Beneficiary, in any other form than a lump sum, may only be elected during the 60 day period beginning with the date of receipt by Us of due proof of death.
For Qualified Contracts, the SECURE Act that was enacted on December 20, 2019 generally eliminated the option to receive a Death Benefit Amount under an Annuity Option over a Beneficiary’s life expectancy (Option 1). In the case of an Owner who dies on or after January 1, 2020, an individual Beneficiary under a Qualified Contract must now distribute the entire balance of the Contract by December 31 of the tenth year following the Owner’s death. There are limited exceptions to this rule and a prospective Owner considering a purchase of the Contract should consult with a qualified tax advisor.
Death of Contract Owner During the Annuity Period
If you or a Joint Owner, who is not the Annuitant, dies during the Annuity Period, any remaining Annuity Payments under the Annuity Option elected will continue at least as rapidly as under the method of distribution in effect at the time of the Owner’s or Joint Owner’s death. Upon the Owner’s death during the Annuity Period, the Beneficiary becomes the Owner. Upon the death of any Joint Owner during the Annuity Period, the surviving Owner, if any, will be treated as the primary Beneficiary. Any other Beneficiary designation on record at the time of death will be treated as a contingent Beneficiary.
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Death of Annuitant
If the Annuitant, who is not an Owner or Joint Owner, dies during the Accumulation Period, you, the Owner, will automatically become the Annuitant. A change of Annuitant by the Owner may result in a taxable event. You may designate a new Annuitant subject to Our approval. If the Owner is a non-natural person (for example, a corporation), then the death of the Annuitant will be treated as the death of the Owner, and a new Annuitant may not be named.
Upon the death of the Annuitant during the Annuity Period, the death benefit, if any, will be as provided for in the Annuity Option selected. The death benefit will be paid at least as rapidly as under the method of distribution in effect at the Annuitant’s death.
For Qualified Contracts, the SECURE Act that was enacted on December 20, 2019 generally eliminated the at least as rapidly method of distribution. In the case of an Owner who established an Annuity Period on or after January 1, 2020, an individual Beneficiary under a Qualified Contract must now distribute the entire balance of the Contract by December 31 of the tenth year following the Owner’s death. There are limited exceptions to this rule and a prospective Owner considering purchase of the Contract should first consult a qualified tax advisor.
Annuity Payments (The Annuity Period)
Under the Contract you can receive regular income payments. We call these payments Annuity Payments. You can choose the date on which the Annuity Payments begin. We call that date the Annuity Date. The Annuitant is the person whose life we look to when we determine Annuity Payments.
You can select any Annuity Date provided it is at least thirteen (13) months after the Contract issue date, but may not be later than the Maximum Maturity Date.
The Contract will automatically be forced into a fixed annuitization for a guaranteed period of ten years if you do not select an Annuity Date on or before the Annuitant attaining the Maximum Maturity Date. For a Contract held as an IRA, once you attain age 70½ (age 72 for Contract Owners who turn age 72 on or after January 1, 2020), you are required to either annuitize the Contract or take the required minimum distribution under the Code.
You can also choose among income plans. We call those Annuity Options. You can select an Annuity Option. You can change it at any time prior to 30 days before the Annuity Date. If you do not choose an Annuity Option, we will assume that you selected Option 2 which provides a life annuity with 10 years of guaranteed payments.
During the Annuity Period, you may only choose to have fixed Annuity Payments. These payments will come from Jefferson National’s general account and are subject to the Company’s financial strength and claims paying ability. If you choose an Annuity Option, your Account Value, minus any applicable fees, is placed in our general account. Our general account is not registered under the federal securities laws and it is generally not subject to its provisions. See your Contract for more information regarding the general account.
Annuity Payment Amount
On the Annuity Date, the Contract Value, less the Subscription Fee, will be applied under the Annuity Option you selected.
Annuity Payments are made monthly unless you have less than $2,000 to apply toward purchasing an Annuity Option. In that case, we may make a single lump sum payment to you instead of Annuity Payments. Likewise, if your Annuity Payments would be less than $20 a month, we have the right to change the frequency of payments so that your Annuity Payments are at least $20.
Unless you notify Us otherwise, we will pay the Annuity Payments to you. You can change the payee at any time prior to the Annuity Date. Income from any distribution will be reported to you for tax purposes.
Annuity Options
You can choose one of the following Annuity Options or any other Annuity Option which is acceptable to Us. After Annuity Payments begin, you cannot change the Annuity Option.
OPTION 1. INCOME FOR LIFE. We will pay monthly Annuity Payments during the lifetime of the Annuitant. We will stop making payments when the Annuitant dies. Accordingly, if you select this option and die after the first annuity payment is made but before the second annuity payment is made, you will only receive one annuity payment. If you die after you elect this option but before the first annuity payment is made, you will not receive any payments.
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OPTION 2. INCOME FOR LIFE WITH PAYMENT GUARANTEED FOR A FIXED NUMBER OF YEARS. We will make monthly Annuity Payments so long as the Annuitant is alive. However, when the Annuitant dies, if we have made Annuity Payments for less than the guaranteed period you selected (5, 10 or 20 years), we will then continue to make Annuity Payments to the Beneficiary for the rest of the guaranteed period. Annuity Payments to the Beneficiary will be made at least as rapidly as under the method of payment being used at the time of the Annuitant’s death. However, after the Annuitant dies, the Beneficiary may elect to receive a single lump sum payment which will be equal to the present value of the remaining Annuity Payments (as of the date of proof of death).
OPTION 3. INCOME FOR A SPECIFIED PERIOD. We will make monthly Annuity Payments for a fixed period of time (3 to 20 years). When the Annuitant dies, any amount remaining will be paid to the Beneficiary. Annuity Payments to the Beneficiary will be made at least as rapidly as under the method of payment being used at the time of the Annuitant’s death. However, the Beneficiary may elect to receive a single lump sum payment which will be equal to the present value of the remaining Annuity Payments (as of the date of proof of death).
OPTION 4. JOINT AND SURVIVOR INCOME FOR LIFE. We will make monthly Annuity Payments so long as the Annuitant and a joint Annuitant are both alive. When either of these people dies, the amount of the Annuity Payments we will make to the survivor will be calculated based on the option chosen at the time of annuitization. Please note, the higher the elected payment to the survivor is, the lower the amount of each payment will be when both join Annuitants are alive.
Taxes
NOTE: Jefferson National has prepared the following information on federal taxes as a general discussion of the subject. Further information on taxes is contained in the Statement of Additional Information. It is not intended as tax advice to any individual. No attempt is made to consider any applicable state tax or other tax laws, or to address any federal estate, or state and local estate, inheritance and other tax consequences of ownership or receipt of distributions under a Contract. You should consult your tax adviser about your own circumstances.
The Company does not make any guarantee regarding the tax status of, or tax consequences arising from, any Contract or any transaction involving the Contract. In addition, as provided in IRS regulations, we inform you that this material is not intended and cannot be referred to or used (1) to avoid tax penalties, or (2) to promote, sell or recommend any tax plan or arrangement.
Annuity Contracts in General
When you invest in an annuity contract, you usually do not pay taxes on your investment gains until you withdraw the money—generally for retirement purposes. If you invest in a variable annuity as part of a pension plan or employer-sponsored retirement program, your Contract is called a Qualified Contract. If your annuity is independent of any formal retirement or pension plan, it is termed a Non-Qualified Contract. The tax rules applicable to Qualified Contracts vary according to the type of retirement plan and the terms and conditions of the plan.
Tax Status of the Contracts
Tax law imposes several requirements that variable annuities must satisfy in order to receive the tax treatment normally accorded to annuity contracts.
Diversification Requirements. The Code requires that the investments of each investment division of the variable account underlying the Contracts be "adequately diversified" in order for the Contracts to be treated as annuity contracts for Federal income tax purposes. It is intended that each investment division, through the Investment Portfolio in which it invests, will satisfy these diversification requirements.
Owner Control. In certain circumstances, owners of variable annuity contracts have been considered for Federal income tax purposes to be the owners of the assets of the variable account supporting their contracts due to their ability to exercise investment control over those assets. When this is the case, the Contract owners have been currently taxed on income and gains attributable to the variable account assets. While We believe that the Contracts do not give owners investment control over variable account assets, We reserve the right to modify the Contracts as necessary to prevent an owner from being treated as the owner of the variable account assets supporting the Contract.
Required Distributions. In order to be treated as an annuity contract for Federal income tax purposes, Section 72(s) of the Code requires any Non-Qualified Contract to contain certain provisions specifying how your interest in the Contract will be distributed in the event of the death of an Owner of the Contract. The Non-Qualified Contracts contain provisions that
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are intended to comply with these Code requirements, although no regulations interpreting these requirements have yet been issued. We intend to review such provisions and modify them if necessary to assure that they comply with the applicable requirements when such requirements are clarified by regulation or otherwise.
For Contract Owners who reach age 70 1/2 prior to January 1, 2020, distributions from an Individual Retirement Annuity, SEP IRA or SIMPLE IRA must begin no later than April 1 of the calendar year following the calendar year in which the contract owner reaches age 70 1/2. The SECURE Act raised the age that distributions from an IRA, SEP IRA, or Simple IRA must begin. For those Contract Owners who attain age 70 1/2 on or after January 1, 2020, distributions must begin no later than April 1 of the calendar year in which the Contract Owner turns age 72. Distributions may be paid in a lump sum or in payments over periods of time specified in the Code and applicable Treasury Regulations. The rules for Roth IRAs do not require distributions to begin during the Owner’s lifetime; therefore, the required beginning date is not applicable to Roth IRAs.
If the Owner dies on or before January 1, 2020 and before the required beginning date (in the case of a Tax Sheltered Annuity, Individual Retirement Annuity, SEP IRA or SIMPLE IRA) or before the entire contract value is distributed (in the case of Roth IRAs), any remaining interest in the Contract must be distributed over a period not exceeding the applicable distribution periods, which are discussed in the Statement of Additional Information.
The SECURE Act that was enacted on December 20, 2019 generally eliminated the option to take required minimum distributions over an individual Beneficiary’s life expectancy. If the Contract Owner dies on or after January 1, 2020 and the individual Beneficiary is not an eligible designated beneficiary as defined under the Code, then the entire interest in the Contract must be distributed by December 31 of the tenth year following the Owner’s death. There are limited exceptions to this rule and a prospective Owner considering purchase of the Contract should consult a qualified tax advisor.
If the Contract Owner dies on or after January 1, 2020 and the designated beneficiary is not an eligible designated beneficiary as defined under Code Section 401(a)(9), then the entire balance of the Contract must be distributed by December 31 of the tenth year following the Contract Owner’s death. In the case of an eligible designated beneficiary, which includes (1) the contract owner’s surviving spouse, (2) a minor child of the contract owner, (3) a disabled individual, (4) a chronically ill individual, or (5) an individual not more than 10 years younger than the contract owner, the entire balance of the Contract may be distributed over the life or a period not exceeding the life expectancy of the eligible designated beneficiary, provided such distributions begin within one year of death. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the Contracts.
For Individual Retirement Annuities, SEP IRAs and SIMPLE IRAs, all or a portion of each distribution will be included in the recipient’s gross income and taxed at ordinary income tax rates. The portion of a distribution which is taxable is based on the ratio between the amount by which non-deductible purchase payments exceed prior non-taxable distributions and total account balances at the time of the distribution. The owner of an Individual Retirement Annuity, SEP IRA or SIMPLE IRA must annually report the amount of non-deductible purchase payments, the amount of any distribution, the amount by which non-deductible purchase payments for all years exceed non-taxable distributions for all years, and the total balance of all Individual Retirement Annuities, SEP IRAs or SIMPLE IRAs. Distributions from Roth IRAs may be either taxable or nontaxable, depending upon whether they are "qualified distributions" or "non-qualified distributions."
Other rules may apply to Qualified Contracts.
Same-Sex Marriages, Domestic Partnership, and Other Similar Relationships
The Treasury issued final regulations that address what relationships are considered marriages for federal tax purposes. The final regulations definition of a marriage reflects the United States Supreme Court holdings in Windsor and Obergefell, as well as Rev. Proc. 2017-13.
The final regulations define the terms "spouse", "husband", "wife", and "husband and wife" to be gender neutral so that such terms can apply equally to same sex couples and opposite sex couples. In addition, the regulations adopt the "place of celebration" rule to determine marital status for federal tax purposes. A marriage of two individuals is recognized for federal tax purposes if the marriage is recognized by a state, possession, or territory of the US in which the marriage was entered into, regardless of the couples place of domicile.
Consistent with Rev. Proc. 2013-17 the final regulations provide that relationships entered into as civil unions, or registered domestic partnerships that are not denominated as marriages under state law are not marriages for federal tax purposes. Therefore, the favorable income-tax deferral options afforded by federal tax law to a married spouse under Code Sections 72 and 401(a)(9) are not available to individuals who have entered into these formal relationships.
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Taxation of Non-Qualified Contracts
Non-Natural Person. If a non-natural person (e.g., a corporation or certain trusts) owns a Non-Qualified Contract, the taxpayer generally must include in income any increase in the excess of the Contract value over the investment in the Contract (generally, the Purchase Payments or other consideration paid for the Contract) during the taxable year. There are some exceptions to this rule and a prospective Owner that is not a natural person should discuss these with a tax adviser.
The following discussion generally applies to Contracts owned by natural persons.
Withdrawals. In general, when a withdrawal from a Non-Qualified Contract occurs, the amount received will be treated as ordinary income subject to tax up to an amount equal to the excess (if any) of the Contract value immediately before the withdrawal over the Owner’s investment in the Contract (generally, the Purchase Payments or other consideration paid for the Contract, reduced by any amount previously distributed from the Contract that was not subject to tax) at that time. For information on the tax consequences of Advisor Fee withdrawals, please see "Taxation of Non-Qualified Contracts – Advisor Fees." In the case of a surrender under a Non-Qualified Contract, the amount received generally will be taxable only to the extent it exceeds the Owner’s investment in the Contract.
Penalty Tax on Certain Withdrawals. In the case of a distribution from a Non-Qualified Contract, there may be imposed a federal tax penalty equal to ten percent of the amount treated as income. In general, however, there is no penalty on distributions:
• made on or after the taxpayer reaches age 59 1/2;
• made on or after the death of an Owner;
• attributable to the taxpayer’s becoming disabled; or
• made as part of a series of substantially equal periodic payments for the life (or life expectancy) of the taxpayer and the Beneficiary. If the series of substantially equal periodic payments is modified before the later of the Owner attaining age 59 1/2 or five years from the date of the first periodic payment, then the tax for the year of the modification is increased by an amount equal to the tax which would have been imposed (the 10% penalty tax) but for the exception, plus interest for the tax years in which the exception was used.
Other exceptions may be applicable under certain circumstances and special rules may be applicable in connection with the exceptions enumerated above. Also, additional exceptions apply to distributions from a Qualified Contract. You should consult a tax adviser with regard to exceptions from the penalty tax.
Advisor Fees. In a private letter ruling issued to the Company in 2019, the IRS ruled that the payment of Advisor Fees will not be treated as distributions from Non-Qualified Contracts, will not be taxable to the Owner, are not reportable to the IRS as distributions from the Contract, and are not subject to the 10% penalty for early withdrawal by Owners who are under age 59 ½ if all of the following requirements are met:
• the annuity contract is designed for Owners who will receive ongoing investment advice from an Investment Advisor who is appropriately licensed and in the business of providing investment advice;
• the Contract Owner authorizes Advisor Fees to be paid periodically to the advisor from the Contract’s cash value;
• the Advisor Fees will be determined based on an arms-length transaction between the Owner and Investment Advisor;
• the Advisor Fees will not exceed an amount equal to an annual rate of 1.5% of the Contract’s cash value determined at the time and in the manner provided by the fee authorization, but in all events based on the cash value during the period to which the Advisor Fees relate ("PLR Permitted Amount");
• the Advisor Fees will compensate the Investment Advisor only for investment advice that the Investment Advisor provides to the Owner with respect to the Contract and not for any other services or accounts;
• while the fee agreement is in place, the Contract will be solely liable for the payment of Advisor Fees directly to the Investment Advisor;
• the Owner may not pay the fees to the Investment Advisor from any other accounts or assets nor can the Owner direct the payment of fees for any other purpose or to any other person; and
• the Investment Advisor will not receive a commission for the sale of the Contract.
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It is unclear how an Advisor Fee in excess of the 1.5% limit will be treated by the IRS. The IRS may take the position that it is entirely subject to the standard tax treatment for withdrawals or it may treat only the amount in excess of the 1.5% amount as a taxable distribution to the Owner. Although the tax treatment is unclear, Nationwide will report to the IRS the amount of any Advisor Fee in excess of the 1.5% as a taxable distribution.
Beginning in 2020, the PLR Permitted Amount for each eligible Contract as follows.
Systematic Advisor Fees. "Systematic Advisor Fees" are Advisor Fees that are automatically withdrawn according to our designated form that specifies the frequency and basis (e.g. contract value or average daily contract value). If either the frequency or the basis is changed during a calendar year, then the Non-Systematic Advisor Fee calculation will apply for that calendar year. Systematic Advisor Fees withdrawn will be within the PLR Permitted Amount if:
• The amount of the Systematic Advisor Fee being withdrawn is less than or equal to (1.5% / frequency of withdrawals ) x basis on the date of withdrawal; or
• The annual cumulative total of Systematic Advisor Fees withdrawn is less than or equal to (1.5% x basis on the date of withdrawal).
If the amount of the Systematic Advisor Fee exceeds the PLR Permitted Amount, then the amount in excess of the PLR Permitted Amount will be reported as taxable.
Non-Systematic Advisor Fees. "Non-Systematic Advisor Fees" are Advisor Fees that do not meet the definition of Systematic Advisor Fees. Non-Systematic Advisor Fees withdrawn will be within the PLR Permitted Amount if the annual cumulative total of the Non-Systematic Advisor Fees withdrawn from an eligible Contract is less than or equal to 1.5% multiplied by the year-to-date average daily asset value on the date of the withdrawal.
Annuity Payments. Although tax consequences may vary depending on the payout option elected under an annuity contract, a portion of each Annuity Payment is generally not taxed and the remainder is taxed as ordinary income. The non-taxable portion of an Annuity Payment is generally determined in a manner that is designed to allow you to recover your investment in the Contract ratably on a tax-free basis over the expected stream of Annuity Payments, as determined when Annuity Payments start. Once your investment in the Contract has been fully recovered, however, the full amount of each Annuity Payment is subject to tax as ordinary income.
Taxation of Death Benefit Proceeds. Amounts may be distributed from a Contract because of your death or the death of the Annuitant. Generally, such amounts are includible in the income of the recipient as follows: (i) if distributed in a lump sum, they are taxed in the same manner as surrender of the Contract, or (ii) if distributed under a payout option, they are taxed in the same way as annuity payments.
Transfers, Assignments or Exchanges of a Contract. A transfer or assignment of ownership of a Contract, the designation of an Annuitant, the selection of certain maturity dates, or the exchange of a contract may result in certain tax consequences to you that are not discussed herein. An Owner contemplating any such transfer, assignment or exchange, should consult a tax advisor as to the tax consequences.
Withholding. Annuity distributions are generally subject to withholding for the recipient’s federal income tax liability. Recipients can generally elect, however, not to have tax withheld from distributions.
Multiple Contracts. All Non-Qualified deferred annuity contracts that are issued by Us (or Our affiliates) to the same Owner during any calendar year may be treated as one annuity contract for purposes of determining the amount includible in such Owner’s income when a taxable distribution occurs.
Partial 1035 Exchanges. The Internal Revenue Service issued Rev. Proc. 2011-38 that indicates that in the case of a Non-Qualified Contract, if a withdrawal is taken from either the original annuity contract or the receiving annuity contract within a 180 day period following a partial 1035 exchange that the partial 1035 exchange will not receive tax-free treatment. The IRS will apply general tax principles to determine the substance and treatment of the transfer. There are some exceptions to this rule and a prospective Owner should discuss any contemplated partial 1035 for a Non-Qualified Contract with a tax adviser.
Owner (Investor) Control. For variable contracts, tax deferral depends on the insurance company and not you having control of the assets held in the separate accounts. You can allocate some or all of your Account Values from one Investment Portfolio to another but you cannot direct the investments each Investment Portfolio makes. If you have too much "investor control" of the assets supporting the Investment Portfolio, then you will be taxed on the gain in the contract as it is earned rather than when it is withdrawn.
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In 2003, the Internal Revenue Service ("IRS") in Revenue Ruling 2003-91, issued formal guidance that indicates that if the number of underlying mutual funds available in a variable insurance product does not exceed 20, the number of underlying mutual funds alone would not cause the contract to not qualify for the desired tax treatment. The IRS has also indicated that exceeding 20 investment options may be considered a factor along with other factors, including the number of transfer opportunities available under the contract, when determining whether the contract qualifies for the desired tax treatment. The Revenue Ruling did not indicate the actual number of underlying mutual funds that would cause the contract to not provide the desired tax treatment but stated that whether the owner of a variable contract is to be treated as the owner of the assets held by the insurance company under the contract will depend on all of the facts and circumstances. In describing the acceptability of the 20 fund options in the ruling, the IRS indicated that each fund had a different investment strategy and that the investment strategies of each fund was sufficiently broad to prevent the policyholder from making particular investment decisions through investment in a fund.
The Revenue Ruling considered certain variable annuity and variable life insurance contracts and held that the types of actual and potential control that the contract owners could exercise over the investment assets held by the insurance company under the variable contracts was not sufficient to cause the contract owners to be treated as the owners of those assets and thus to be subject to current income tax on the income and gains produced by those assets. Under this Contract, like the contracts described in the Revenue Ruling, there will be no arrangement, plan, contract, or agreement between the Contract Owner and the Company regarding the availability of a particular investment option and, other than the Contract Owner’s right to allocate Purchase Payments and transfer funds among the available Sub-accounts, all investment decisions concerning the Sub-accounts will be made by Us or an advisor in its sole and absolute discretion.
Contracts such as this one, with more than 20 fund options, raise investor control concerns. It is possible that the IRS may determine that due to the number of different fund options and the fact that some funds may have the same investment strategy, there is an investor control issue with this Contract. However, at this time We believe that due to the lack of any arrangement, plan, contract or agreement between the contract holder and Us concerning the availability of particular options, based on the totality of the facts and circumstances, this contract satisfies the current IRS requirements.
At this time, it cannot be determined whether additional guidance will be provided by the U.S. Treasury on this issue and what standards may be contained in such guidance. Should the U.S. Treasury issue additional rules or regulations limiting the number of underlying mutual funds, transfers between or among underlying mutual funds, exchanges of underlying mutual funds or changes in investment objectives of underlying mutual funds such that the Contract would no longer qualify for tax deferred treatment under section 72 of the Internal Revenue Code, the Company reserves the right to modify the Contract to the extent required to maintain favorable tax treatment.
Taxation of Qualified Contracts
The tax rules applicable to Qualified Contracts vary according to the type of retirement plan and the terms and conditions of the plan. Your rights under a Qualified Contract may be subject to the terms of the retirement plan itself, regardless of the terms of the Qualified Contract. Adverse tax consequences may result if you do not ensure that contributions, distributions and other transactions with respect to the Contract comply with the law. The Statement of Additional Information contains a summary discussion of certain tax rules generally applicable to Individual Retirement Accounts (IRAs), as defined in Section 408 of the Code, Roth IRAs, as described in Code Section 408A, corporate pension and profit-sharing plans under Section 401(a) of the Code, and certain deferred compensation plans under Code Section 457.
CARES Act. The CARES Act was enacted on March 27, 2020. The CARES Act made numerous changes to the Internal Revenue Code effective January 1, 2020, including the following:
• Waiving the 2020 lifetime and post death minimum distribution requirement (RMD) from defined contribution plans and IRAs, including the 2019 RMD taken in 2020 for those individuals turning 70 1/2 in 2019. Additionally, 2020 will not be counted in measuring the five-year distribution period requirement for post death RMDs, with the result that the five-year period is extended by one year.
• Relief for coronavirus-related distributions and loans from qualified plans and IRAs, which includes an exception from the 10% penalty for early distribution and an exemption from the 20% mandatory withholding requirement.
Along with the passage of the CARES Act, the IRS extended the deadline to make a 2019 IRA or Roth IRA contribution to July 15, 2020 in order to coincide with the extended deadline for filing an individual’s income tax return.
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Required Minimum Distributions
Generally, distributions from a qualified plan must commence no later than April 1 of the calendar year following the later of: (a) the year in which the employee attains age 70 1/2 (age 72 for those employees who turn age 72 on or after January 1, 2020) or (b) the calendar year in which the employee retires. The date set forth in (b) does not apply to a traditional SEP or SIMPLE IRAs, or to a 5% or more owner of the employer sponsoring the plan, and the required distribution rules do not apply to Roth IRAs. Required distributions must be over a period not exceeding the life expectancy of the individual or the joint lives or life expectancies of the individual and his or her designated beneficiary. If the required minimum distributions are not made, a 50% penalty tax is imposed as to the amount not distributed.
Medicare Tax
A 3.8% Medicare contribution tax will be imposed on the "net investment income" of certain individuals whose income exceeds certain threshold amounts. For purposes of this tax, net investment income will include income from Non-Qualified Contracts (as well as interest, dividends and certain other items). The 3.8% Medicare tax is imposed on the lesser of:
(1) the taxpayer’s "net investment income" (from non-qualified annuities, interest, dividends, etc., offset by specified allowable deductions); or
(2) the taxpayer’s modified adjusted gross income in excess of a specified income threshold ($250,000 for married couples filing jointly, $125,000 for married couples filing separately and $200,000 otherwise).
"Net investment income" in item 1 does not include distributions from tax-qualified plans (i.e. IRAs, Roth IRAs or arrangements described in Code Sections 401(a), 403(a), 403(b) or 457(b)), but such income will increase modified adjusted gross income in item 2. The IRS has issued proposed guidance regarding this income surtax. You should consult your tax advisor regarding the applicability of this tax to income you would receive under the Contract.
Seek Tax Advice
The above description of federal income tax consequences is only a brief summary meant to alert you to the issues and is not intended as tax advice. Anything less than full compliance with the applicable rules, all of which are subject to change, may have adverse tax consequences. A prospective Contract Owner considering purchase of a Contract should first consult a qualified tax adviser.
Possible Tax Law Changes
Although the likelihood of legislative changes is uncertain, there is always the possibility that the tax treatment of the Contract could change by legislation or otherwise. Consult a tax adviser with respect to legislative developments and their effect on the Contract.
We have the right to modify the Contract in response to legislative changes that could otherwise diminish the favorable tax treatment that Contract Owners currently receive. We make no guarantee regarding the tax status of any Contract and do not intend the above discussion as tax advice.
Other Information
Legal Proceedings
Jefferson National Life Insurance Company of New York ("the Company")
The Company is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope, and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company’s financial condition.
The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency, and state insurance
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authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.
Jefferson National Securities Corporation ("JNSC")
The general distributor, JNSC, is not engaged in any litigation that is likely to have a material adverse effect on its ability to perform its contract with the Variable Account.
Abandoned Property Requirements
Every state has unclaimed property laws that generally declare non-qualified annuity contracts to be abandoned after a period of inactivity of three to five years from the contract’s maturity date or the date the Death Benefit Amount is due and payable. For example, if the payment of the Death Benefit Amount has been triggered, but, if after a thorough search, we are still unable to locate the Beneficiary of the Death Benefit Amount, or the Beneficiary does not come forward to claim the Death Benefit Amount in a timely manner, the Death Benefit Amount will be paid to the abandoned property division or unclaimed property office of the state in which the Beneficiary or you last resided, as shown on our books and records, or to our state of domicile. Escheatment is the formal, legal name for this process. However, the state is obligated to pay the Death Benefit Amount (without interest) if your Beneficiary steps forward to claim it with proper documentation. To prevent your Contract’s proceeds from being paid to the state abandoned or unclaimed property office, it is important that you update your Beneficiary designations, including addresses, if and as they change. Please contact us to make such changes.
Proof of Age and Survival
The Company may require proof of age or survival of any person on whose life annuity payments depend.
Misstatements
If you misstate the age or sex of an Annuitant or age of an Owner, the correct amount paid or payable by the Company under the Contract shall be such as the Contract Value would have provided for the correct age or sex (unless unisex rates apply). The Company reserves the right to adjust future payments to offset any prior overpayments or underpayments.
Changes to Comply with Law and Amendments
The Company reserves the right, without the consent of Owners, to suspend sales of the Contract and to make any change to the provisions of the Contract to comply with, or give Owners the benefit of, any federal or state statute, rule or regulation, including but not limited to requirements for annuity contracts and retirement plans under the Internal Revenue Code and regulations thereunder or any state statute or regulation.
The Separate Account
We established a separate account to hold the assets that underlie the Contracts. Jefferson National Life of New York Annuity Account 1 serves the variable annuity portion of the Contract. The Board of Directors of Jefferson National adopted a resolution to establish the Separate Account under New York Insurance law on June 20, 2014. Jefferson National Life of New York Annuity Account 1 is registered with the Securities and Exchange Commission as a unit investment trust under the Investment Company Act of 1940. Jefferson National Life of New York Annuity Account 1 is divided into Sub-accounts. Registration under the 1940 Act does not involve the supervision by the SEC of the management or investment policies or practices of the variable account. The Separate Account is regulated by the New York Department of Financial Services. Regulation by the state, however, does not involve any supervision of the Separate Account, except to determine compliance with broad statutory criteria.
The assets of the Separate Account are held in Our name on behalf of the Separate Account and legally belong to Us. However, those assets that underlie the Contract are not chargeable with liabilities arising out of any other business we may conduct. All the income, gains and losses (realized or unrealized) resulting from these assets are credited to or charged against the Contracts and not against any other Contracts we may issue.
Where permitted by law, we may:
• create new Separate Accounts;
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• combine separate accounts, including combining the Separate Account with another separate account established by the Company;
• transfer assets of the Separate Account, which we determine to be associated with the class of policies to which this policy belongs, to another separate account;
• transfer the Separate Account to another insurance company;
• add new Sub-accounts to or remove Sub-accounts from the Separate Account, or combine Sub-accounts;
• make the Sub-accounts available under other policies we issue;
• add new Investment Portfolios or remove existing Investment Portfolios;
• substitute new Investment Portfolios for any existing Investment Portfolio which we determine is no longer appropriate in light of the purposes of the Separate Account;
• deregister the Separate Account under the Investment Company Act of 1940; and
• operate the Separate Account under the direction of a committee or in another form.
Distributor
Jefferson National Securities Corporation (JNSC), 10350 Ormsby Park Place, Louisville, Kentucky 40223, acts as the distributor of the Contracts. JNSC is a broker-dealer registered under the Securities Exchange Act of 1934 and a member of FINRA. Sales of the Contracts may be made by registered representatives of broker-dealers authorized to sell the Contracts. See the Statement of Additional Information for more information.
We pay no Commissions to broker-dealers who sell the Contracts. Under certain circumstances, payments may be made to certain broker-dealers, sellers, third party money managers, third party marketing organizations or investment advisors for other services such as platform access fees, marketing support, and/or reimbursement of conference expenses. Certain employees of the Company may receive incentive compensation based on efforts assisting the Company in the sale of Contracts.
Financial Statements
Our financial statements and schedules have been included in the Statement of Additional Information and should be considered only as bearing on the ability of the Company to meet its obligations under the Contracts. They should not be considered as bearing on the investment performance of the Investment Portfolios. The value of the Investment Portfolios is affected primarily by the performance of the underlying investments.
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APPENDIX A: More Information About the Investment Portfolios
This appendix contains information about the Investment Portfolios in which the Sub-Accounts invest. The Investment Portfolios in which the Sub-Accounts invest are designed primarily as investments for variable annuity contracts and variable life insurance policies issued by insurance companies. There is no guarantee that the investment objectives will be met. Refer to the prospectus for each Investment Portfolio for more detailed information. Underlying prospectuses for the Investment Portfolios are available online or through your Secure Online Account and by contacting the Jefferson National Service Center.
   
Designations Key:
EC: The Investment Portfolio imposes an early cut-off time for transfer requests (see Transfers – Early Cut-off Times).
FF: The Investment Portfolio primarily invests in other mutual funds. Therefore, a proportionate share of the fees and expenses of any acquired funds are indirectly borne by investors. As a result, investors in this Sub-Account may incur higher charges than if the assets were invested in an Investment Portfolio that does not invest in other mutual funds. Refer to the prospectus for this Investment Portfolio for more information.
LCFF: Nationwide assesses a Low Cost Fund Fee on allocations to this Sub-Account because the Investment Portfolio does not provide the Company with sufficient revenue (see Expenses - Low Cost Fund Platform Fee). The revenue (12b-1 fees) compensates the Company for promoting, marketing, and administering the contract and the Investment Portfolios.
VOL: The Investment Portfolio uses a volatility management strategy to reduce a Contract Owner’s exposure to equity investments when equity markets are volatile which may limit investment losses in a down market. However, use of such a strategy may also limit the growth of Contract Value. Allocation to this type of Investment Portfolio may result in foregone investment gains that could otherwise be realized by investing in riskier Investment Portfolios.
Advisors Preferred Trust - Gold Bullion Strategy Portfolio
Investment Advisor: Advisors Preferred, LLC
Sub-advisor: Flexible Plan Investments, Ltd.
Investment Objective: The Fund seeks returns that reflect the performance of the price of Gold bullion.
Designation: EC: 3:30 PM EST
Alger Capital Appreciation Portfolio: Class I-2 Shares
Investment Advisor: Fred Alger Management, LLC
Investment Objective: Seeks long-term capital appreciation
Alger Large Cap Growth Portfolio: Class I-2 Shares
Investment Advisor: Fred Alger Management, LLC
Investment Objective: Seeks long-term capital appreciation.
Alger Mid Cap Growth Portfolio: Class I-2 Shares
Investment Advisor: Fred Alger Management, LLC
Investment Objective: Seeks long-term capital appreciation.
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Dynamic Asset Allocation Portfolio: Class B
This Sub-Account is no longer available to receive transfers or new purchase payments effective May 1, 2018
Investment Advisor: AllianceBernstein L.P.
Investment Objective: Maximize total return consistent with the Adviser’s determination of reasonable risk.
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Global Thematic Growth Portfolio: Class B
Investment Advisor: AllianceBernstein L.P.
Investment Objective: Long-term growth of capital
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class A
Investment Advisor: AllianceBernstein L.P.
Investment Objective: Long-term growth of capital.
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Growth Portfolio: Class B
Investment Advisor: AllianceBernstein L.P.
Investment Objective: Long-term growth of capital
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AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Value Portfolio: Class B
This Sub-Account is only available in contracts issued before May 1, 2021
Investment Advisor: AllianceBernstein L.P.
Investment Objective: Long-term growth of capital.
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B
Investment Advisor: AllianceBernstein L.P.
Investment Objective: Long-term growth of capital.
ALPS Variable Investment Trust - ALPS/Alerian Energy Infrastructure Portfolio: Class III
Investment Advisor: ALPS Advisors, Inc.
Investment Objective: Seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Alerian Energy Infrastructure Index (the "Index").
ALPS Variable Investment Trust - ALPS/Red Rocks Global Opportunity Portfolio: Class III
Investment Advisor: ALPS Advisors, Inc.
Sub-advisor: Red Rocks Capital LLC
Investment Objective: Seeks to maximize total return, which consists of appreciation on its investments and a variable income stream.
ALPS Variable Investment Trust - Morningstar Aggressive Growth ETF Asset Allocation Portfolio: Class II
Investment Advisor: ALPS Advisors, Inc.
Sub-advisor: Morningstar Investment Management LLC
Investment Objective: The Portfolio seeks to provide investors with capital appreciation.
ALPS Variable Investment Trust - Morningstar Balanced ETF Asset Allocation Portfolio: Class II
Investment Advisor: ALPS Advisors, Inc.
Sub-advisor: Morningstar Investment Management LLC
Investment Objective: Capital appreciation and some current income.
ALPS Variable Investment Trust - Morningstar Conservative ETF Asset Allocation Portfolio: Class II
Investment Advisor: ALPS Advisors, Inc.
Sub-advisor: Morningstar Investment Management LLC
Investment Objective: Current income and preservation of capital.
ALPS Variable Investment Trust - Morningstar Growth ETF Asset Allocation Portfolio: Class II
Investment Advisor: ALPS Advisors, Inc.
Sub-advisor: Morningstar Investment Management LLC
Investment Objective: Capital appreciation.
ALPS Variable Investment Trust - Morningstar Income & Growth ETF Asset Allocation Portfolio: Class II
Investment Advisor: ALPS Advisors, Inc.
Sub-advisor: Morningstar Investment Management LLC
Investment Objective: Current income and capital appreciation
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: The fund pursues long-term total return using a strategy that seeks to protect against U.S. inflation.
American Century Variable Portfolios, Inc. - American Century VP Balanced Fund: Class I
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: Long-term capital growth and current income by investing approximately 60% of its assets in equity securities and the remainder in bonds and other fixed-income securities.
American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: Capital growth by investing in common stocks. Income is a secondary objective.
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American Century Variable Portfolios, Inc. - American Century VP International Fund: Class I
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: Capital growth.
American Century Variable Portfolios, Inc. - American Century VP Large Company Value Fund: Class I
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: The fund seeks long-term capital growth. Income is a secondary objective.
American Century Variable Portfolios, Inc. - American Century VP Ultra® Fund: Class I
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: Long-term capital growth.
American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class I
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: Long-term capital growth with income as a secondary objective.
American Funds Insurance Series® - American Funds Mortgage Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide current income and preservation of capital.
American Funds Insurance Series® - American High-Income Trust: Class 4 (formerly, American Funds Insurance Series® - High-Income Bond Fund: Class 4)
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide a high level of current income and, secondarily, capital appreciation.
American Funds Insurance Series® - Asset Allocation Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide high total return consistent with preservation of capital over the long term.
American Funds Insurance Series® - Capital Income Builder®: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Has two primary investment objectives. It seeks (1) to provide a level of current income that exceeds the average yield on U.S. stocks generally and (2) to provide a growing stream of income over the years. The fund's secondary objective is to provide growth of capital.
American Funds Insurance Series® - Capital World Bond Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide, over the long term, a high level of total return consistent with prudent investment management.
American Funds Insurance Series® - Capital World Growth & Income Fund: Class 4 (formerly, American Funds Insurance Series® - Global Growth & Income Fund: Class 4)
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide long-term growth of capital while providing current income.
American Funds Insurance Series® - Global Growth Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide long-term growth of capital.
American Funds Insurance Series® - Global Small Capitalization Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide long-term growth of capital.
American Funds Insurance Series® - Growth Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide growth of capital.
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American Funds Insurance Series® - Growth-Income Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to achieve long-term growth of capital and income.
American Funds Insurance Series® - International Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide long-term growth of capital.
American Funds Insurance Series® - International Growth & Income Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide long-term growth of capital while providing current income
American Funds Insurance Series® - Managed Risk Asset Allocation Fund: Class P2
Investment Advisor: Capital Research and Management Company
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: Seeks to provide high total return consistent with preservation of capital over the long term while seeking to manage volatility and provide downside protection.
Designation: FF, VOL
American Funds Insurance Series® - Managed Risk Washington Mutual Investors Fund: Class P2 (formerly, American Funds Insurance Series® - Managed Risk Blue Chip Income & Growth Fund: Class P2)
Investment Advisor: Capital Research and Management Company
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: The fund’s investment objectives are to produce income exceeding the average yield on U.S. stocks generally and to provide an opportunity for growth of principal consistent with sound common stock investing, in each case while seeking to manage volatility and provide downside protection.
American Funds Insurance Series® - New World Fund®: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks long-term capital appreciation.
American Funds Insurance Series® - The Bond Fund of America: Class 4 (formerly, American Funds Insurance Series® - Bond Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide as high a level of current income as is consistent with the preservation of capital.
American Funds Insurance Series® - U.S. Government Securities Fund: Class 4 (formerly, American Funds Insurance Series® - U.S. Government/AAA-Rated Securities Fund: Class 4)
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide a high level of current income consistent with preservation of capital.
American Funds Insurance Series® - Washington Mutual Investors Fund: Class 4 (formerly, American Funds Insurance Series® - Blue Chip Income and Growth Fund: Class 4)
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to produce income exceeding the average yield on U.S. stocks generally and to provide an opportunity for growth of principal consistent with sound common stock investing.
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Financial Management, Inc.
Investment Objective: The Fund seeks to maximize total return, consistent with income generation and prudent investment management.
BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Financial Management, Inc.
Investment Objective: To maximize total return, consistent with income generation and prudent investment management.
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BlackRock Variable Series Funds II, Inc. - BlackRock U.S. Government Bond V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The investment objective of the Fund is to seek to maximize total return, consistent with income generation and prudent investment management.
BlackRock Variable Series Funds, Inc. - BlackRock Advantage Large Cap Core V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Investment Objective: The investment objective of the Fund is to seek high total investment return.
BlackRock Variable Series Funds, Inc. - BlackRock Advantage Large Cap Value V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Investment Objective: To seek long-term capital appreciation.
BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: To seek long-term total return and current income.
BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: Seeks high total investment return.
BlackRock Variable Series Funds, Inc. - BlackRock Large Cap Focus Growth V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The investment objective of the Fund is to seek long-term capital growth.
BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares
Investment Advisor: BNY Mellon Investment Adviser, Inc.
Investment Objective: The fund seeks to match the performance of the Standard & Poor's® SmallCap 600 Index (S&P SmallCap 600 Index).
BNY Mellon Stock Index Fund, Inc.: Initial Shares
Investment Advisor: BNY Mellon Investment Adviser, Inc.
Sub-advisor: Mellon Investments Corporation
Investment Objective: The fund seeks to match the total return of the S&P 500® Index.
Designation: LCFF
BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares
Investment Advisor: BNY Mellon Investment Adviser, Inc.
Sub-advisor: Newton Investment Management Limited
Investment Objective: The fund seeks long-term capital appreciation.
Calvert Variable Products, Inc. - Calvert VP SRI Balanced Portfolio: Class F
Investment Advisor: Calvert Research and Management
Investment Objective: Provide a competitive total return through an actively managed portfolio of stocks, bonds, and money market instruments which offer income and capital growth opportunity.
Columbia Funds Variable Insurance Trust - Columbia Variable Portfolio - Strategic Income Fund: Class 2
Investment Advisor: Columbia Management Investment Advisors, LLC
Investment Objective: Seeks total return, consisting of current income and capital appreciation.
Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - Select Large Cap Value Fund: Class 1
Investment Advisor: Columbia Management Investment Advisors, LLC
Investment Objective: Seeks to provide shareholders with long-term growth of capital.
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Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - Select Small Cap Value Fund: Class 1
Investment Advisor: Columbia Management Investment Advisors, LLC
Investment Objective: Seeks to provide shareholders with long-term growth of capital.
Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - Seligman Global Technology Fund: Class 2
Investment Advisor: Columbia Management Investment Advisors, LLC
Investment Objective: Seeks to provide shareholders with long-term capital appreciation.
Credit Suisse Trust - Commodity Return Strategy Portfolio: Class 1 (formerly, Credit Suisse Trust - Commodity Return Strategy Portfolio)
Investment Advisor: Credit Suisse Asset Management, LLC
Investment Objective: Total Return.
Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class
Investment Advisor: Delaware Management Company, Inc.
Investment Objective: The fund seeks capital appreciation.
DFA Investment Dimensions Group Inc. - VA Equity Allocation Portfolio: Institutional Class
Investment Advisor: Dimensional Fund Advisors LP
Sub-advisor: Dimensional Fund Advisors LTD, DFA Australia Limited
Investment Objective: To achieve long-term capital appreciation.
Designation: FF, LCFF
DFA Investment Dimensions Group Inc. - VA Global Bond Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Sub-advisor: Dimensional Fund Advisors LTD, DFA Australia Limited
Investment Objective: To provide a market rate of return for a fixed income portfolio with low relative volatility of returns.
Designation: LCFF
DFA Investment Dimensions Group Inc. - VA Global Moderate Allocation Portfolio: Institutional Class (formerly, DFA Investment Dimensions Group Inc. - DFA VA Global Moderate Allocation Portfolio: Institutional Class)
Investment Advisor: Dimensional Fund Advisors LP
Investment Objective: To seek total return consisting of capital appreciation and current income.
Designation: FF, LCFF
DFA Investment Dimensions Group Inc. - VA International Small Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Sub-advisor: Dimensional Fund Advisors LTD, DFA Australia Limited
Investment Objective: To achieve long-term capital appreciation.
Designation: LCFF
DFA Investment Dimensions Group Inc. - VA International Value Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Sub-advisor: Dimensional Fund Advisors LTD, DFA Australia Limited
Investment Objective: To achieve long-term capital appreciation.
Designation: LCFF
DFA Investment Dimensions Group Inc. - VA Short-Term Fixed Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Sub-advisor: Dimensional Fund Advisors LTD, DFA Australia Limited
Investment Objective: To achieve a stable real return in excess of the rate of inflation with a minimum of risk.
Designation: LCFF
DFA Investment Dimensions Group Inc. - VA U.S. Large Value Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Investment Objective: To achieve long-term capital appreciation.
Designation: LCFF
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DFA Investment Dimensions Group Inc. - VA U.S. Targeted Value Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Investment Objective: To achieve long-term capital appreciation.
Designation: LCFF
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class
Investment Advisor: Eaton Vance Management
Investment Objective: The fund seeks to provide a high level of current income.
Federated Hermes Insurance Series - Federated Hermes High Income Bond Fund II: Primary Shares
Investment Advisor: Federated Investment Management Company
Investment Objective: High current income.
Federated Hermes Insurance Series - Federated Hermes Kaufmann Fund II: Service Shares
Investment Advisor: Federated Equity Management Company of Pennsylvania
Sub-advisor: Federated Global Investment Management Corp.
Investment Objective: Capital appreciation.
Federated Hermes Insurance Series - Federated Hermes Managed Volatility Fund II: Primary Shares
Investment Advisor: Federated Equity Management Company of Pennsylvania
Sub-advisor: Federated Investment Management Company, Federated Advisory Services Company, Fed Global
Investment Objective: To achieve high current income and moderate capital appreciation.
Designation: VOL
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Income Fund Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Seeks high total return with a secondary objective of principal preservation.
Designation: FF
Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Income and capital growth consistent with reasonable risk.
Fidelity Variable Insurance Products Fund - VIP Contrafund® Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Long-term capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Disciplined Small Cap Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Sub-advisor: Geode Capital Management, LLC
Investment Objective: The fund seeks capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Reasonable income.
Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: High total return through a combination of current income and capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Growth Opportunities Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: The fund seeks to provide capital growth.
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Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Capital appreciation.
Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: High level of current income while also considering growth of capital.
Fidelity Variable Insurance Products Fund - VIP International Capital Appreciation Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Seeks capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: High level of current income.
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Long-term growth of capital.
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Sub-advisor: FMR Co., Inc. (FMRC), FMR Investment Management (UK) Limited (FMR UK), and other investment advisers serve as sub-advisers for the fund.
Investment Objective: Long-term growth of capital.
Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: The fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund seeks to provide a yield that exceeds the composite yield of the S&P 500® Index.
Fidelity Variable Insurance Products Fund - VIP Strategic Income Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Sub-advisor: FIL Investment Advisors (UK) Limited (FIA(UK)), and other investment advisers serve as sub-advisers for the fund
Investment Objective: The fund seeks a high level of current income. The fund may also seek capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Value Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Capital appreciation.
First Eagle Variable Funds - Overseas Variable Fund
Investment Advisor: First Eagle Investment Management, LLC
Investment Objective: The fund seeks long-term growth of capital by investing primarily in equities, including common and preferred stocks, warrants or other similar rights, and convertible securities, issued by non-U.S. companies.
Franklin Templeton Variable Insurance Products Trust - Franklin Global Real Estate VIP Fund: Class 2
Investment Advisor: Franklin Templeton Institutional, LLC
Investment Objective: Seeks high total return.
Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2
Investment Advisor: Franklin Advisers, Inc.
Investment Objective: Seeks to maximize income while maintaining prospects for capital appreciation.
Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Shares VIP Fund: Class 2
Investment Advisor: Franklin Mutual Advisers, LLC
Investment Objective: Seeks capital appreciation, with income as a secondary goal.
Designation: FF
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Franklin Templeton Variable Insurance Products Trust - Franklin Rising Dividends VIP Fund: Class 2
Investment Advisor: Franklin Advisers, Inc.
Investment Objective: Seeks long-term capital appreciation, with preservation of capital as an important consideration.
Franklin Templeton Variable Insurance Products Trust - Franklin Strategic Income VIP Fund: Class 2
Investment Advisor: Franklin Advisers, Inc.
Investment Objective: Seeks high level of current income, with capital appreciation over the long term as a secondary goal.
Franklin Templeton Variable Insurance Products Trust - Franklin U.S. Government Securities VIP Fund: Class 2
Investment Advisor: Franklin Advisers, Inc.
Investment Objective: Seeks income.
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2
Investment Advisor: Franklin Advisers, Inc.
Investment Objective: Seeks high current income, consistent with preservation of capital, with capital appreciation as a secondary consideration.
Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Advisor Shares
Investment Advisor: Goldman Sachs Asset Management, L.P.
Investment Objective: Seeks long-term growth of capital.
Guggenheim Variable Fund - Global Managed Futures Strategy
Investment Advisor: Guggenheim Investments
Investment Objective: The Global Managed Futures Strategy Fund (the "Fund") seeks to generate positive total returns over time.
Guggenheim Variable Fund - Long Short Equity Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Long-term capital appreciation.
Guggenheim Variable Fund - Multi-Hedge Strategies
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation consistent with the return and risk characteristics of the hedge fund universe and, secondarily, to achieve these returns with low correlation to and less volatility than equity indices.
Guggenheim Variable Funds Trust - Series E (Total Return Bond Series)
Investment Advisor: Guggenheim Investments
Investment Objective: Seeks to provide total return, comprised of current income and capital appreciation.
Guggenheim Variable Funds Trust - Series F (Floating Rate Strategies Series)
Investment Advisor: Guggenheim Investments
Investment Objective: To provide a high level of current income while maximizing total return.
Guggenheim Variable Funds Trust - Series J (StylePlus Mid Growth Series)
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation.
Guggenheim Variable Funds Trust - Series P (High Yield Series)
Investment Advisor: Guggenheim Investments
Investment Objective: High current income and capital appreciation as a secondary objective.
Guggenheim Variable Funds Trust - Series Q (Small Cap Value Series)
Investment Advisor: Guggenheim Investments
Investment Objective: Long-term capital appreciation.
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Guggenheim Variable Funds Trust - Series Y (StylePlus - Large Growth Series)
Investment Advisor: Guggenheim Investments
Investment Objective: Long-term growth of capital.
Invesco - Invesco V.I. Balanced-Risk Allocation Fund: Series II Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund’s investment objective is total return with a low to moderate correlation to traditional financial market indices.
Invesco - Invesco V.I. Comstock Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: To seek capital growth and income through investments in equity securities, including common stocks, preferred stocks and securities convertible into common and preferred stocks.
Invesco - Invesco V.I. Core Bond Fund: Series II (formerly, Invesco Oppenheimer V.I. Total Return Bond Fund: Series II)
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Seeks total return.
Invesco - Invesco V.I. Core Equity Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Long-term growth of capital.
Invesco - Invesco V.I. Core Plus Bond Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Total return, comprised of current income and capital appreciation.
Invesco - Invesco V.I. Diversified Dividend Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: To provide reasonable current income and long-term growth of income and capital.
Invesco - Invesco V.I. Equity and Income Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Both capital appreciation and current income
Invesco - Invesco V.I. Global Fund: Series II (formerly, Invesco Oppenheimer V.I. Global Fund: Series II)
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund seeks capital appreciation.
Invesco - Invesco V.I. Global Real Estate Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Sub-advisor: Invesco Asset Management Limited
Investment Objective: Total return through growth of capital and current income.
Invesco - Invesco V.I. Global Strategic Income Fund: Series II (formerly, Invesco Oppenheimer V.I. Global Strategic Income Fund: Series II)
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund seeks total return.
Invesco - Invesco V.I. Government Money Market Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: To provide current income consistent with preservation of capital and liquidity.
Invesco - Invesco V.I. Government Securities Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund's objective is total return, comprised of current income and capital appreciation.
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Invesco - Invesco V.I. Growth and Income Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: To seek long-term growth of capital and income.
Invesco - Invesco V.I. Health Care Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Long term growth of capital.
Invesco - Invesco V.I. High Yield Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Sub-advisor: Invesco Canada Ltd.
Investment Objective: Total return, comprised of current income and capital appreciation.
Invesco - Invesco V.I. International Growth Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Long-term growth of capital.
Invesco - Invesco V.I. Main Street Fund: Series II (formerly, Invesco Oppenheimer V.I. Main Street Fund: Series II)
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund seeks capital appreciation.
Invesco - Invesco V.I. Main Street Mid Cap Fund: Series II Shares (formerly, Invesco - Invesco V.I. Mid Cap Core Equity Fund: Series II Shares)
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Long-term growth of capital.
Invesco - Invesco V.I. Technology Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Long-term growth of capital.
Invesco Oppenheimer V.I. International Growth Fund: Series II
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund seeks capital appreciation.
Ivy Variable Insurance Portfolios - Asset Strategy: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide total return.
Ivy Variable Insurance Portfolios - Balanced: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide total return through a combination of capital appreciation and current income.
Ivy Variable Insurance Portfolios - Corporate Bond: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide current income consistent with preservation of capital.
Ivy Variable Insurance Portfolios - Energy: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide capital growth and appreciation.
Ivy Variable Insurance Portfolios - Global Bond: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide a high level of current income. Capital appreciation is a secondary objective.
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Ivy Variable Insurance Portfolios - High Income: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide total return through a combination of high current income and capital appreciation.
Ivy Variable Insurance Portfolios - Limited-Term Bond: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide current income consistent with preservation of capital.
Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide growth of capital.
Ivy Variable Insurance Portfolios - Natural Resources: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide capital growth and appreciation.
Ivy Variable Insurance Portfolios - Science and Technology: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide growth of capital.
Ivy Variable Insurance Portfolios - Value: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide capital appreciation.
Janus Aspen Series - Janus Henderson Balanced Portfolio: Institutional Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Seeks long-term capital growth, consistent with preservation of capital and balanced by current income.
Janus Aspen Series - Janus Henderson Enterprise Portfolio: Institutional Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Long-term growth of capital.
Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Maximum total return, consistent with preservation of capital.
Janus Aspen Series - Janus Henderson Forty Portfolio: Institutional Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Seeks long-term growth of capital.
Janus Aspen Series - Janus Henderson Global Research Portfolio: Institutional Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Seeks long-term growth of capital.
Janus Aspen Series - Janus Henderson Mid Cap Value Portfolio: Institutional Shares
Investment Advisor: Janus Capital Management LLC
Sub-advisor: Perkins Investment Management LLC ("Perkins")
Investment Objective: Seeks capital appreciation.
Janus Aspen Series - Janus Henderson Overseas Portfolio: Institutional Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Long-term growth of capital.
Janus Aspen Series - Janus Henderson Research Portfolio: Institutional Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Seeks long-term growth of capital.
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Janus Aspen Series - Janus Henderson U.S. Low Volatility Portfolio: Service Shares
Investment Advisor: Janus Capital Management LLC
Sub-advisor: Intech Investment Management LLC
Investment Objective: Seeks capital appreciation.
John Hancock Variable Insurance Trust - Emerging Markets Value Trust: Series NAV
Investment Advisor: John Hancock Variable Trust Advisers LLC
Sub-advisor: Dimensional Fund Advisors LP
Investment Objective: To seek long-term capital appreciation
JPMorgan Insurance Trust - JPMorgan Insurance Trust Global Allocation Portfolio: Class 2
Investment Advisor: J.P. Morgan Investment Management Inc.
Investment Objective: The Portfolio seeks to maximize long-term total return.
JPMorgan Insurance Trust - JPMorgan Insurance Trust Income Builder Portfolio: Class 2
Investment Advisor: J.P. Morgan Investment Management Inc.
Investment Objective: The Portfolio seeks to maximize income while maintaining prospects for capital appreciation.
Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares
This Sub-Account is only available in contracts issued before May 1, 2021
Investment Advisor: Lazard Asset Management LLC
Investment Objective: Long-term capital appreciation.
Lazard Retirement Series, Inc. - Lazard Retirement Global Dynamic Multi-Asset Portfolio: Service Shares
Investment Advisor: Lazard Asset Management LLC
Investment Objective: The Portfolio seeks total return.
Lazard Retirement Series, Inc. - Lazard Retirement International Equity Portfolio: Service Shares
Investment Advisor: Lazard Asset Management LLC
Investment Objective: The Portfolio seeks long-term capital appreciation.
Lazard Retirement Series, Inc. - Lazard Retirement U.S. Small-Mid Cap Equity Portfolio: Service Shares
Investment Advisor: Lazard Asset Management LLC
Investment Objective: Seeks long-term capital appreciation.
Legg Mason Partners Variable Equity Trust - ClearBridge Variable Aggressive Growth Portfolio: Class I
Investment Advisor: Legg Mason Partners Fund Advisor, LLC
Sub-advisor: ClearBridge Investments, LLC
Investment Objective: Seeks capital appreciation.
Legg Mason Partners Variable Equity Trust - ClearBridge Variable Dividend Strategy Portfolio: Class I
Investment Advisor: Legg Mason Partners Fund Advisor, LLC
Sub-advisor: ClearBridge Investments, LLC
Investment Objective: Seeks dividend income, growth of dividend income and long-term capital appreciation.
Legg Mason Partners Variable Equity Trust - ClearBridge Variable Large Cap Growth Portfolio: Class I
Investment Advisor: Legg Mason Partners Fund Advisor, LLC
Sub-advisor: ClearBridge Investments, LLC
Investment Objective: The fund seeks long-term growth of capital.
Legg Mason Partners Variable Equity Trust - ClearBridge Variable Small Cap Growth Portfolio: Class II
Investment Advisor: Legg Mason Partners Fund Advisor, LLC
Sub-advisor: ClearBridge Investments, LLC
Investment Objective: The fund seeks long-term growth of capital.
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Legg Mason Partners Variable Equity Trust - QS Legg Mason Dynamic Multi-Strategy VIT Portfolio: Class II
Investment Advisor: Legg Mason Partners Fund Advisor, LLC
Sub-advisor: QS Investors, LLC and Western Asset Management Company
Investment Objective: The fund seeks the highest total return (that is, a combination of income and long-term capital appreciation) over time consistent with its asset mix. The fund will seek to reduce volatility as a secondary objective.
Legg Mason Partners Variable Income Trust - Western Asset Variable Global High Yield Bond Portfolio: Class I
Investment Advisor: Legg Mason Partners Fund Advisor, LLC
Sub-advisor: Western Asset Management Company and Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd.
Investment Objective: Seeks to maximize total return.
Lord Abbett Series Fund, Inc. - Bond Debenture Portfolio: Class VC
Investment Advisor: Lord, Abbett & Co. LLC
Investment Objective: To seek high current income and the opportunity for capital appreciation to produce a high total return.
Lord Abbett Series Fund, Inc. - Dividend Growth Portfolio: Class VC
Investment Advisor: Lord, Abbett & Co. LLC
Investment Objective: Current income and capital appreciation.
Lord Abbett Series Fund, Inc. - Growth and Income Portfolio: Class VC
Investment Advisor: Lord, Abbett & Co. LLC
Investment Objective: Long-term growth of capital and income without excessive fluctuations in market value.
MainStay VP Funds Trust - MainStay VP MacKay Convertible Portfolio: Service Class
Investment Advisor: New York Life Investment Management LLC
Sub-advisor: MacKay Shields LLC
Investment Objective: The Fund seeks capital appreciation together with current income.
MFS® Variable Insurance Trust - MFS Growth Series: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek capital appreciation.
MFS® Variable Insurance Trust - MFS New Discovery Series: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek capital appreciation.
MFS® Variable Insurance Trust - MFS Value Series: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek capital appreciation.
Mutual Fund and Variable Insurance Trust - Rational Trend Aggregation VA Fund: Class A
Investment Advisor: Rational Advisors, Inc.
Sub-advisor: Tuttle Tactical Management, LLC
Investment Objective: To seek total return on investment, with dividend income as an important component of that return.
Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: AQR Capital Management, LLC
Investment Objective: The Fund seeks total return through a flexible combination of capital appreciation and current income.
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Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks to match the performance of the Bloomberg Barclays U.S. Aggregate Bond Index as closely as possible before the deduction of Fund expenses.
Designation: LCFF
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Columbia Management Investment Advisers, LLC
Investment Objective: The fund seeks to maximize total return consisting of capital appreciation and/or current income.
Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class Y (formerly, Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class Y)
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: DoubleLine Capital LP
Investment Objective: The Fund seeks to maximize total return.
Designation: LCFF
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Federated Investment Management Company
Investment Objective: The Fund seeks as high a level of current income as is consistent with preserving capital and maintaining liquidity. The Fund is a money market fund that seeks to maintain a stable net asset value of $1.00 per share
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks to match the performance of the MSCI EAFE® Index as closely as possible before the deduction of Fund expenses.
Designation: LCFF
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class P
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks growth of capital, but also seeks income consistent with a less aggressive level of risk as compared to other NVIT Investor Destinations Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class P
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks a high level of total return consistent with a moderate level of risk as compared to other Investor Destinations Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The fund seeks total return.
Designation: FF, LCFF
Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks long-term capital appreciation.
Designation: FF, LCFF
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Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: J.P. Morgan Investment Management Inc.
Investment Objective: The Fund seeks a high level of total return.
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks capital appreciation.
Designation: LCFF
Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: American Century Investment Management, Inc. and Thompson, Siegel & Walmsley LLC
Investment Objective: The fund seeks long-term capital appreciation.
Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Newton Investment Management Limited
Investment Objective: The Fund seeks long-term growth of capital by investing primarily in securities of companies that meet the fund's financial criteria and social policy.
Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks long-term capital appreciation.
Designation: LCFF
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks to match the performance of the Russell 2000® Index as closely as possible before the deduction of Fund expenses.
Designation: LCFF
Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Wells Capital Management, Inc.
Investment Objective: The Fund seeks long-term capital growth. The fund invests at least 80% of its net assets in equity securities issued by small- and medium-sized companies with market capitalization similar to those of companies included in the Russell 2500 index.
Neuberger Berman Advisers Management Trust - Mid Cap Intrinsic Value Portfolio: I Class Shares
Investment Advisor: Neuberger Berman Investment Advisers LLC
Investment Objective: The fund seeks growth of capital.
Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: I Class Shares
Investment Advisor: Neuberger Berman Investment Advisers LLC
Investment Objective: The fund seeks growth of capital.
Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: I Class Shares
Investment Advisor: Neuberger Berman Investment Advisers LLC
Investment Objective: The Fund seeks the highest available current income consistent with liquidity and low risk to principal; total return is a secondary goal.
Neuberger Berman Advisers Management Trust - Sustainable Equity Portfolio: I Class Shares
This Sub-Account is no longer available to receive transfers or new purchase payments effective June 12, 2020
Investment Advisor: Neuberger Berman Investment Advisers LLC
Investment Objective: The Fund seeks long-term growth of capital by investing primarily in securities of companies that meet the Fund's environmental, social and governance (ESG) criteria.
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Neuberger Berman Advisers Management Trust - U.S. Equity Index PutWrite Strategy Portfolio: S Class Shares
This Sub-Account is only available in contracts issued before May 1, 2021
Investment Advisor: Neuberger Berman Investment Advisers LLC
Investment Objective: The Fund seeks long-term growth of capital and income generation.
Northern Lights Variable Trust - 7Twelve Balanced Portfolio: Class 3
Investment Advisor: 7Twelve Advisors, LLC
Investment Objective: The Portfolio seeks to provide superior volatility risk-adjusted returns when compared to the bond and equity markets in general.
Northern Lights Variable Trust - BTS Tactical Fixed Income VIT Fund: Class 2
Investment Advisor: BTS Asset Management, Inc.
Investment Objective: Seeks to provide total return.
Northern Lights Variable Trust - Power Dividend Index Fund: Class 1
Investment Advisor: W. E. Donoghue & Co., LLC
Investment Objective: The primary investment objective is total return from income and capital appreciation. Capital Preservation is a secondary objective of the Fund.
Northern Lights Variable Trust - Power Momentum Index Fund: Class 1
Investment Advisor: W. E. Donoghue & Co., LLC
Investment Objective: Capital growth and income.
Northern Lights Variable Trust - Probabilities VIT Fund: Class 1
This Sub-Account is only available in contracts issued before May 1, 2021
Investment Advisor: Probabilities Fund Management, LLC
Investment Objective: Capital appreciation.
Northern Lights Variable Trust - TOPS® Aggressive Growth ETF Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: The Portfolio seeks capital appreciation.
Northern Lights Variable Trust - TOPS® Balanced ETF Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: Seeks income and capital appreciation.
Northern Lights Variable Trust - TOPS® Conservative ETF Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: The Portfolio seeks to preserve capital and provide moderate income and moderate capital appreciation.
Northern Lights Variable Trust - TOPS® Growth ETF Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: The Portfolio seeks capital appreciation.
Northern Lights Variable Trust - TOPS® Managed Risk Balanced ETF Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: The Portfolio seeks to provide income and capital appreciation with less volatility than the fixed income and equity markets as a whole.
Northern Lights Variable Trust - TOPS® Managed Risk Growth ETF Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: The Portfolio seeks capital appreciation with less volatility than the equity markets as a whole.
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Northern Lights Variable Trust - TOPS® Managed Risk Moderate Growth ETF Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: The Portfolio seeks capital appreciation with less volatility than the equity markets as a whole.
Northern Lights Variable Trust - TOPS® Moderate Growth ETF Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: Capital Appreciation.
PIMCO Variable Insurance Trust - All Asset Portfolio: Administrative Class
Investment Advisor: PIMCO
Sub-advisor: Research Affiliates, LLC
Investment Objective: The Portfolio seeks maximum real return, consistent with preservation of real capital and prudent investment management.
Designation: FF
PIMCO Variable Insurance Trust - CommodityRealReturn® Strategy Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum real return, consistent with prudent investment management.
PIMCO Variable Insurance Trust - Dynamic Bond Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum long-term return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Global Bond Opportunities Portfolio (Unhedged): Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Global Core Bond (Hedged) Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks total return which exceeds that of its benchmark.
PIMCO Variable Insurance Trust - Global Managed Allocation Portfolio: Administrative Class (formerly, PIMCO Variable Insurance Trust - Global Managed Asset Allocation Portfolio: Administrative Class)
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks total return which exceeds that of a blend of 60% MSCI World Index/40% Bloomberg Barclays U.S. Aggregate Index.
PIMCO Variable Insurance Trust - High Yield Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Income Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio's primary investment objective is to maximize current income. Long-term capital appreciation is a secondary objective.
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PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - International Bond Portfolio (Unhedged): Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Low Duration Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Real Return Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum real return, consistent with preservation of real capital and prudent investment management.
PIMCO Variable Insurance Trust - Short-Term Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum current income, consistent with preservation of capital and daily liquidity.
PIMCO Variable Insurance Trust - Total Return Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
Pioneer Variable Contracts Trust - Pioneer Bond VCT Portfolio: Class II
Investment Advisor: Amundi Pioneer Asset Management, Inc.
Investment Objective: The portfolio seeks current income and total return.
Pioneer Variable Contracts Trust - Pioneer Equity Income VCT Portfolio: Class II
Investment Advisor: Amundi Pioneer Asset Management, Inc.
Investment Objective: Current income and long-term growth of capital from a portfolio consisting primarily of income producing equity securities of U.S. corporations.
Pioneer Variable Contracts Trust - Pioneer Fund VCT Portfolio: Class II
Investment Advisor: Amundi Pioneer Asset Management, Inc.
Investment Objective: Reasonable income and capital growth.
Pioneer Variable Contracts Trust - Pioneer High Yield VCT Portfolio: Class II
Investment Advisor: Amundi Pioneer Asset Management, Inc.
Investment Objective: Maximize total return through a combination of income and capital appreciation. Normally, the portfolio invests at least 80% of its total assets in below investment grade (high yield) debt securities and preferred stocks.
Pioneer Variable Contracts Trust - Pioneer Mid Cap Value VCT Portfolio: Class II
Investment Advisor: Amundi Pioneer Asset Management, Inc.
Investment Objective: Capital appreciation by investing in a diversified portfolio of securities consisting primarily of common stocks.
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Pioneer Variable Contracts Trust - Pioneer Strategic Income VCT Portfolio: Class II
Investment Advisor: Amundi Pioneer Asset Management, Inc.
Investment Objective: A high level of current income.
ProFunds - ProFund Access VP High Yield Fund
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks to provide investment results that correspond generally to the total return of the high yield market consistent with maintaining reasonable liquidity.
Designation: EC: 2:55 PM EST
ProFunds - ProFund VP Asia 30
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the ProFunds Asia 30 Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Banks
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. BanksSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Basic Materials
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Basic MaterialsSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Bear
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P 500® Index. The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Biotechnology
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. BiotechnologySM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Bull
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P 500® Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Consumer Goods
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Consumer GoodsSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Consumer Services
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Consumer ServicesSM Index.
Designation: EC: 3:55 PM EST
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ProFunds - ProFund VP Emerging Markets
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P/BNY Mellon Emerging 50 ADR Index (USD).
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Europe 30
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the ProFunds Europe 30 Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Falling U.S. Dollar
Investment Advisor: ProFund Advisors LLC
Investment Objective: Seeks daily investment results, before fees and expenses, that correspond to the daily performance of the basket of non-U.S. currencies included in the ICE® U.S. Dollar Index®.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Financials
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. FinancialsSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Government Money Market
This Sub-Account is no longer available to receive transfers or new purchase payments effective July 3, 2019
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks a high level of current income consistent with liquidity and preservation of capital.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Health Care
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Health CareSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Industrials
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. IndustrialsSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP International
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the MSCI EAFE Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Internet
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones InternetSM Composite Index.
Designation: EC: 3:55 PM EST
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ProFunds - ProFund VP Japan
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Nikkei 225 Stock Average.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Large-Cap Growth
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P 500® Growth Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Large-Cap Value
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P 500® Value Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Mid-Cap
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P MidCap 400® Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Mid-Cap Growth
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P MidCap 400® Growth Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Mid-Cap Value
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P MidCap 400® Value Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP NASDAQ-100
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the NASDAQ-100® Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Oil & Gas
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Oil & GasSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Pharmaceuticals
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Select Pharmaceuticals Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Precious Metals
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones Precious MetalsSM Index.
Designation: EC: 3:55 PM EST
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ProFunds - ProFund VP Real Estate
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Real EstateSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Rising Rates Opportunity
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks daily investment results, before fees and expenses, that correspond to one and one-quarter times the inverse (-1.25x) of the daily price movement of the most recently issued 30-Year U.S. Treasury Bond. The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Semiconductor
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. SemiconductorsSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Short Emerging Markets
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P/BNY Mellon Emerging 50 ADR Index (USD). The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Short International
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the MSCI EAFE Index. The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Short Mid-Cap
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P MidCap 400® Index. The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Short NASDAQ-100
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Nasdaq-100® Index. The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Short Small-Cap
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Russell 2000® Index. The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
Designation: EC: 3:55 PM EST
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ProFunds - ProFund VP Small-Cap
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Russell 2000® Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Small-Cap Growth
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P SmallCap 600® Growth Index.
Designation: EC: 3:55 PM EST, LCFF
ProFunds - ProFund VP Small-Cap Value
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P SmallCap 600® Value Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Technology
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. TechnologySM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Telecommunications
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Select Telecommunications Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP U.S. Government Plus
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks daily investment results, before fees and expenses, that correspond to one and one -quarter times (1.25x) the daily price movement of the most recently issued 30-Year U.S. Treasury Bond. The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP UltraBull
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500® Index. The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP UltraMid-Cap
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P MidCap 400® Index. The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP UltraNASDAQ-100
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Nasdaq-100® Index. The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
Designation: EC: 3:55 PM EST
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ProFunds - ProFund VP UltraShort NASDAQ-100
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq-100® Index. The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP UltraSmall-Cap
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Russell 2000® Index. The Fund does not seek to achieve its stated investment objective over a period of time greater than a single day.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Utilities
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. UtilitiesSM Index.
Designation: EC: 3:55 PM EST
Putnam Variable Trust - Putnam VT Diversified Income Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited
Investment Objective: Seeks as high a level of current income as Putnam Investment Management, LLC believes is consistent with preservation of capital.
Putnam Variable Trust - Putnam VT High Yield Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited
Investment Objective: Seeks high current income. Capital growth is a secondary goal when consistent with achieving high current income.
Putnam Variable Trust - Putnam VT Income Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited
Investment Objective: Seeks high current income consistent with what Putnam Investment Management, LLC believes to be prudent risk.
Putnam Variable Trust - Putnam VT International Value Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited and The Putnam Advisory Company, LLC
Investment Objective: Seeks capital growth. Current income is a secondary objective.
Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB (formerly, Putnam Variable Trust - Putnam VT Equity Income Fund: Class IB)
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited
Investment Objective: Seeks capital growth and current income.
Putnam Variable Trust - Putnam VT Mortgage Securities Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited
Investment Objective: High current income with preservation of capital as its secondary objective.
Putnam Variable Trust - Putnam VT Multi-Asset Absolute Return Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited and The Putnam Advisory Company, LLC
Investment Objective: Seeks positive total return.
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Putnam Variable Trust - Putnam VT Sustainable Leaders Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited
Investment Objective: Long-term capital appreciation.
Royce Capital Fund - Royce Micro-Cap Portfolio: Investment Class
Investment Advisor: Royce & Associates, LP
Investment Objective: Long-term capital growth.
Designation: FF
Royce Capital Fund - Royce Small-Cap Portfolio: Investment Class
Investment Advisor: Royce & Associates, LP
Investment Objective: Long-term capital growth.
Rydex Variable Trust - Banking Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that are involved in the banking sector, including commercial banks (and their holding companies) and savings and loan institutions.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Basic Materials Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies engaged in the mining, manufacture, or sale of basic materials, such as lumber, steel, iron, aluminum, concrete, chemicals and other basic building and manufacturing materials.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Biotechnology Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that are involved in the biotechnology industry, including companies involved in research and development, genetic or other biological engineering, and in the design, manufacture, or sale of related biotechnology products or services.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Commodities Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Seeks to provide investment results that correlate to the performance of the Goldman Sachs Commodity Total Return Index ("GSCI® Index").
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Consumer Products Fund
This Sub-Account is only available in contracts issued before May 1, 2021
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies engaged in manufacturing finished goods and services both domestically and internationally.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Dow 2x Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to 200% of the daily performance of the Dow Jones Industrial Average.
Designation: EC: 3:55 PM EST
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Rydex Variable Trust - Electronics Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that are involved in the electronics sector, including semiconductor manufacturers and distributors, and makers and vendors of other electronic components and devices.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Energy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies involved in the energy field, including the exploration, production, and development of oil, gas, coal and alternative sources of energy.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Energy Services Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that are involved in the energy services field, including those that provide services and equipment in the areas of oil, coal, and gas exploration and production.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Europe 1.25x Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the Dow Jones STOXX 50 Index.
Designation: EC: 3:55 PM EST
Rydex Variable Trust - Financial Services Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that are involved in the financial services sector.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Government Long Bond 1.2x Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond with 120% of the daily price movement of the Long Treasury Bond.
Designation: EC: 3:55 PM EST
Rydex Variable Trust - Health Care Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that are involved in the health care industry.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - High Yield Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Seeks to provide investment results that correlate, before fees and expenses, to the performance of the high yield bond market.
Designation: EC: 3:45 PM EST
Rydex Variable Trust - Internet Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that provide products or services designed for or related to the Internet.
Designation: EC: 3:50 PM EST
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Rydex Variable Trust - Inverse Dow 2x Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that inversely correspond to 200% of the daily performance of the Dow Jones Industrial Average.
Designation: EC: 3:55 PM EST
Rydex Variable Trust - Inverse Government Long Bond Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that inversely correspond to the daily performance of the Long Treasury Bond.
Designation: EC: 3:55 PM EST
Rydex Variable Trust - Inverse Mid-Cap Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that inversely correspond to the daily performance of the S&P Mid Cap 400® Index.
Designation: EC: 3:55 PM EST
Rydex Variable Trust - Inverse NASDAQ-100® Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that inversely correspond to the daily performance of the NASDAQ 100 Index®.
Designation: EC: 3:55 PM EST
Rydex Variable Trust - Inverse Russell 2000® Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that inversely correspond to the daily performance of the Russell 2000 Index®.
Designation: EC: 3:55 PM EST
Rydex Variable Trust - Inverse S&P 500 Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that will inversely correlate to the daily performance of the S&P 500® Index.
Designation: EC: 3:55 PM EST
Rydex Variable Trust - Japan 2x Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correlate to the daily performance of the Nikkei 225 Stock Average.
Designation: EC: 3:55 PM EST
Rydex Variable Trust - Leisure Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies engaged in leisure and entertainment businesses.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Mid-Cap 1.5x Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the S&P MidCap 400® Index.
Designation: EC: 3:55 PM EST
Rydex Variable Trust - NASDAQ-100® 2x Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to 200% of the daily performance of the NASDAQ 100 Index®.
Designation: EC: 3:55 PM EST
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Rydex Variable Trust - NASDAQ-100® Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the NASDAQ 100 Index®.
Designation: EC: 3:55 PM EST
Rydex Variable Trust - Nova Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to 150% of the daily performance of the S&P 500® Index.
Designation: EC: 3:55 PM EST
Rydex Variable Trust - Precious Metals Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in U.S. and foreign companies that are involved in the precious metals sector, including exploration, mining, production and development, and other precious metals-related services.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Real Estate Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that are involved in the real estate industry including real estate investment trusts.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Retailing Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies engaged in merchandising finished goods and services, including department stores, restaurant franchises, mail order operations and other companies involved in selling products to consumers.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Russell 2000® 1.5x Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the Russell 2000 Index®.
Designation: EC: 3:55 PM EST
Rydex Variable Trust - Russell 2000® 2x Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correlate to 200% of the performance of the Russell 2000® Index on a daily basis.
Designation: EC: 3:55 PM EST
Rydex Variable Trust - S&P 500 2x Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to 200% of the daily performance of the S&P 500® Index.
Designation: EC: 3:55 PM EST
Rydex Variable Trust - S&P 500 Pure Growth Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the S&P 500/Pure Growth Index.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - S&P 500 Pure Value Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the S&P 500/Pure Value Index.
Designation: EC: 3:50 PM EST
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Rydex Variable Trust - S&P MidCap 400 Pure Growth Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the S&P MidCap 400/Pure Growth Index.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - S&P MidCap 400 Pure Value Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the S&P MidCap 400/Pure Value Index.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - S&P SmallCap 600 Pure Growth Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the S&P SmallCap 600/Pure Growth Index.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - S&P SmallCap 600 Pure Value Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the S&P SmallCap 600/Pure Value Index.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Strengthening Dollar 2x Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to 200% of the daily performance of the U.S. Dollar Index.
Designation: EC: 3:55 PM EST
Rydex Variable Trust - Technology Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that are involved in the technology sector, including computer software and service companies, semiconductor manufacturers, networking and telecommunications equipment manufacturers, PC hardware and peripherals companies.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Telecommunications Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies engaged in the development, manufacture, or sale of communications services or communications equipment.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Transportation Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies engaged in providing transportation services or companies engaged in the design, manufacture, distribution, or sale of transportation equipment.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Utilities Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that operate public utilities.
Designation: EC: 3:50 PM EST
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Rydex Variable Trust - Weakening Dollar 2x Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to 200% of the daily performance of the U.S. Dollar Index.
Designation: EC: 3:50 PM EST
T. Rowe Price Equity Series, Inc. - T. Rowe Price Blue Chip Growth Portfolio: II
Investment Advisor: T. Rowe Price Associates, Inc.
Investment Objective: The fund seeks to provide long-term capital growth. Income is a secondary objective.
T. Rowe Price Equity Series, Inc. - T. Rowe Price Equity Income Portfolio: II
Investment Advisor: T. Rowe Price Associates, Inc.
Investment Objective: The fund seeks a high level of dividend income and long-term capital growth primarily through investments in stocks.
T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II
Investment Advisor: T. Rowe Price Associates, Inc.
Investment Objective: The fund seeks long-term capital appreciation.
T. Rowe Price Fixed Income Series, Inc. - T. Rowe Price Limited-Term Bond Portfolio: II
Investment Advisor: T. Rowe Price Associates, Inc.
Investment Objective: The fund seeks a high level of income consistent with moderate fluctuations in principal value.
The Merger Fund VL - The Merger Fund VL
Investment Advisor: Westchester Capital Management, LLC
Investment Objective: Seeks to achieve capital growth by engaging in merger arbitrage.
The Timothy Plan - Conservative Growth Portfolio Variable Series
Investment Advisor: Timothy Partners, Ltd.
Investment Objective: The investment objective of the Portfolio is to generate moderate levels of long-term capital growth.
The Timothy Plan - Strategic Growth Portfolio Variable Series
Investment Advisor: Timothy Partners, Ltd.
Investment Objective: The investment objective of the Portfolio is to generate medium to high levels of long-term capital growth.
Third Avenue Variable Series Trust - Third Avenue Value Portfolio (formerly, Third Avenue Variable Series Trust - FFI Strategies Portfolio)
Investment Advisor: Third Avenue Management LLC
Investment Objective: Long-term capital appreciation.
Two Roads Shared Trust - Redwood Managed Volatility Portfolio: Class I
Investment Advisor: Redwood Investment Management, LLC
Investment Objective: Seeks a combination of total return and prudent management of portfolio downside volatility and downside loss.
Two Roads Shared Trust - Redwood Managed Volatility Portfolio: Class N
This Sub-Account is not available as an investment option for new Contracts issued on or after May 1, 2019
Contracts issued prior to May 1, 2019, with assets allocated to this Sub-account as of that date may continue to transfer Contract Value and allocate new Purchase Payments to this Sub-account provided the allocation to that Sub-account is greater than $0. Once the allocation to this Sub-account falls to $0, this Sub-account is no longer an investment option available under your Contract.
Investment Advisor: Redwood Investment Management, LLC
Investment Objective: Seeks a combination of total return and prudent management of portfolio downside volatility and downside loss.
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VanEck VIP Trust - Emerging Markets Bond Fund: Initial Class
Investment Advisor: Van Eck Associates Corporation
Investment Objective: Seeks high total return - income plus capital appreciation - by investing globally, primarily in a variety of debt securities.
VanEck VIP Trust - Emerging Markets Fund: Initial Class
Investment Advisor: Van Eck Associates Corporation
Investment Objective: Seeks long-term capital appreciation by investing primarily in equity securities in emerging markets around the world.
VanEck VIP Trust - Global Resources Fund: Initial Class (formerly, VanEck VIP Trust - Global Hard Assets Fund: Initial Class)
Investment Advisor: Van Eck Associates Corporation
Investment Objective: Seeks long-term capital appreciation by investing primarily in global resource securities. Income is a secondary consideration.
VanEck VIP Trust - VanEck VIP Global Gold Fund: Class S
Investment Advisor: Van Eck Associates Corporation
Investment Objective: Seeks long-term capital appreciation by investing in common stocks of gold-mining companies. The Fund may take current income into consideration when choosing investments.
Vanguard Variable Insurance Fund - Balanced Portfolio
Investment Advisor: Wellington Management Company, LLP
Investment Objective: Seeks to provide long-term capital appreciation and reasonable current income.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Capital Growth Portfolio
Investment Advisor: PRIMECAP Management Company
Investment Objective: Seeks to provide long-term capital appreciation.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Diversified Value Portfolio
Investment Advisor: Barrow, Hanley, Mewhinney & Strauss, LLC
Investment Objective: Seeks to provide long-term capital appreciation and income.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund – Equity Income Portfolio
Investment Advisor: Wellington Management Company, LLP; Vanguard Quantitative Equity Group
Investment Objective: Seeks to provide an above average level of current income and reasonable long-term capital appreciation.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Equity Index Portfolio
Investment Advisor: Vanguard Equity Index Group
Investment Objective: Seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Global Bond Index Portfolio
Investment Advisor: Vanguard Fixed Income Group
Investment Objective: Seeks to track the performance of a benchmark index that measures the investment return of the global, investment-grade, fixed income market.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Growth Portfolio
Investment Advisor: Jackson Square Partners, LLC; Wellington Management Company LLP
Investment Objective: Seeks to provide long-term capital appreciation.
Designation: LCFF, EC: 2:30 PM EST
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Vanguard Variable Insurance Fund - High Yield Bond Portfolio
Investment Advisor: Wellington Management Company, LLP
Investment Objective: Seeks to provide a high level of current income.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - International Portfolio
Investment Advisor: Baillie Gifford Overseas Ltd.; Schroder Investment Management North America, Inc.
Investment Objective: Seeks to provide long-term capital appreciation.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Mid-Cap Index Portfolio
Investment Advisor: Vanguard Equity Index Group
Investment Objective: Seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization stocks.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Real Estate Index Portfolio
Investment Advisor: Vanguard Equity Index Group
Investment Objective: Seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs and other real estate-related investments.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Short-Term Investment-Grade Portfolio
Investment Advisor: Vanguard Fixed Income Group
Investment Objective: Seeks to provide current income while maintaining limited price volatility.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Small Company Growth Portfolio
This Sub-Account is not available as an investment option for new Contracts issued on or after May 1, 2019
Contracts issued prior to May 1, 2019, with assets allocated to this Sub-account as of that date may continue to transfer Contract Value and allocate new Purchase Payments to this Sub-account provided the allocation to that Sub-account is greater than $0. Once the allocation to this Sub-account falls to $0, this Sub-account is no longer an investment option available under your Contract.
Investment Advisor: ArrowMark Partners; Vanguard Quantitative Equity Group
Investment Objective: Seeks to provide long-term capital appreciation.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Total Bond Market Index Portfolio
Investment Advisor: Vanguard Fixed Income Group
Investment Objective: Seeks to track the performance of a broad, market-weighted bond index.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Total International Stock Market Index Portfolio
Investment Advisor: Vanguard Equity Index Group
Investment Objective: Seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in developed and emerging markets, excluding the United States.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Total Stock Market Index Portfolio
Investment Advisor: Vanguard Equity Index Group
Investment Objective: Seeks to track the performance of a benchmark index that measures the investment return of the overall stock market.
Designation: LCFF, EC: 2:30 PM EST
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Vanguard Variable Insurance Fund - Vanguard Conservative Allocation Portfolio
Investment Advisor: The Vanguard Group, Inc.
Investment Objective: Seeks to provide current income and low to moderate capital appreciation.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Vanguard Moderate Allocation Portfolio
Investment Advisor: The Vanguard Group, Inc.
Investment Objective: Seeks to provide capital appreciation and a low to moderate level of current income.
Designation: LCFF, EC: 2:30 PM EST
Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A
Investment Advisor: Virtus Investment Advisers, Inc.
Sub-advisor: Duff & Phelps Investment Management Co.
Investment Objective: Capital appreciation and income with approximately equal emphasis.
Virtus Variable Insurance Trust - Virtus Newfleet Multi-Sector Intermediate Bond Series: Class A
Investment Advisor: Virtus Investment Advisers, Inc.
Sub-advisor: Newfleet Asset Management, LLC
Investment Objective: Long-term total return.
Virtus Variable Insurance Trust - Virtus SGA International Growth Series: Class A
Investment Advisor: Virtus Investment Advisers, Inc.
Sub-advisor: Sustainable Growth Advisers, LP
Investment Objective: High total return consistent with reasonable risk.
Wells Fargo Variable Trust - VT Discovery Fund: Class 2
This Sub-Account is only available in contracts issued before May 1, 2021
Investment Advisor: Wells Fargo Funds Management, LLC
Sub-advisor: Wells Capital Management, Inc.
Investment Objective: Seeks long-term capital appreciation.
Wells Fargo Variable Trust - VT Opportunity Fund: Class 2
Investment Advisor: Wells Fargo Funds Management, LLC
Sub-advisor: Wells Capital Management, Inc.
Investment Objective: Seeks long-term capital appreciation.
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APPENDIX B: Condensed Financial Information
The following tables list the Condensed Financial Information (the Accumulation Unit value information for Accumulation Units outstanding) for contracts as of December 31, 2020. The term "Period" is defined as a complete calendar year, unless otherwise noted. Those Periods with an asterisk (*) reflect Accumulation Unit information for a partial year only.
The following underlying mutual funds in which the Sub-Accounts invest were added to the Variable Account after December 31, 2020; therefore, no Condensed Financial Information is available:
• Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II
Jefferson National Life Insurance Company of New York
Jefferson National Life of New York Annuity Account 1
CONDENSED FINANCIAL INFORMATION
The tables below provide per unit information about the financial history of each Sub-account.
The inception of the funds is April 17, 2015 unless otherwise noted.
  2020 2019 2018 2017 2016 2015
AB VARIABLE PRODUCTS SERIES FUND, INC.:
Dynamic Asset Allocation Portfolio
Beginning AUV $15.21 $13.20 $14.24 $12.46 $12.05 $12.75
Ending AUV $15.95 $15.21 $13.20 $14.24 $12.46 $12.05
Ending number of AUs (000s) — — — — — —
Global Thematic Growth Portfolio
Beginning AUV $18.92 $14.58 $16.20 $11.88 $11.99 $12.58
Ending AUV $26.32 $18.92 $14.58 $16.20 $11.88 $11.99
Ending number of AUs (000s) — — — — — —
Growth and Income Portfolio
Beginning AUV $27.68 $22.34 $23.67 $19.90 $17.88 $17.86
Ending AUV $28.43 $27.68 $22.34 $23.67 $19.90 $17.88
Ending number of AUs (000s) 7 7 7 9 8 —
International Growth Portfolio
Beginning AUV $11.53 $9.06 $11.00 $8.17 $8.79 $9.60
Ending AUV $14.94 $11.53 $9.06 $11.00 $8.17 $8.79
Ending number of AUs (000s) — — — — — —
International Value Portfolio
Beginning AUV $8.20 $7.02 $9.11 $7.28 $7.34 $7.85
Ending AUV $8.38 $8.20 $7.02 $9.11 $7.28 $7.34
Ending number of AUs (000s) 6 30 32 3 2 —
Small Mid Cap Value Portfolio
Beginning AUV $27.13 $22.62 $26.71 $23.67 $18.97 $20.64
Ending AUV $27.95 $27.13 $22.62 $26.71 $23.67 $18.97
Ending number of AUs (000s) 8 6 7 9 4 1
ADVISORS PREFERRED TRUST:
Gold Bullion Strategy Portfolio
Beginning AUV $10.57 $8.96 $9.37 $8.42 $7.88 $9.10
Ending AUV $12.65 $10.57 $8.96 $9.37 $8.42 $7.88
Ending number of AUs (000s) 44 17 9 3 3 1
THE ALGER PORTFOLIOS:
Capital Appreciation Portfolio
Beginning AUV $61.46 $46.01 $46.05 $35.13 $34.96 $34.78
Ending AUV $87.12 $61.46 $46.01 $46.05 $35.13 $34.96
Ending number of AUs (000s) 6 6 3 2 1 1
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  2020 2019 2018 2017 2016 2015
Large Cap Growth Portfolio
Beginning AUV $37.18 $29.18 $28.55 $22.22 $22.41 $23.43
Ending AUV $62.11 $37.18 $29.18 $28.55 $22.22 $22.41
Ending number of AUs (000s) 14 — — — — —
Mid Cap Growth Portfolio
Beginning AUV $31.61 $24.27 $26.22 $20.20 $20.01 $21.79
Ending AUV $52.04 $31.61 $24.27 $26.22 $20.20 $20.01
Ending number of AUs (000s) 9 — — — — —
ALPS VARIABLE INSURANCE TRUST:
ALPS Alerian Energy Infrastructure Portfolio II
Beginning AUV $10.15 $8.43 $10.40 $10.49 $7.45 $11.85
Ending AUV $7.60 $10.15 $8.43 $10.40 $10.49 $7.45
Ending number of AUs (000s) 20 37 15 22 37 17
ALPS Red Rocks Global Opportunity Portfolio (inception May 1, 2015)
Beginning AUV $15.26 $10.92 $12.48 $9.99 $9.25 $9.95
Ending AUV $16.68 $15.26 $10.92 $12.48 $9.99 $9.25
Ending number of AUs (000s) — — — — — —
Morningstar Aggressive Growth ETF Asset Allocation Portfolio II
Beginning AUV $18.62 $15.24 $16.81 $14.03 $12.62 $13.53
Ending AUV $20.48 $18.62 $15.24 $16.81 $14.03 $12.62
Ending number of AUs (000s) 1 1 — — — —
Morningstar Balanced ETF Asset Allocation Portfolio II
Beginning AUV $17.31 $14.88 $15.87 $14.01 $12.91 $13.63
Ending AUV $18.88 $17.31 $14.88 $15.87 $14.01 $12.91
Ending number of AUs (000s) 22 22 21 8 4 —
Morningstar Conservative ETF Asset Allocation Portfolio II
Beginning AUV $14.43 $13.18 $13.50 $12.71 $12.15 $12.54
Ending AUV $15.37 $14.43 $13.18 $13.50 $12.71 $12.15
Ending number of AUs (000s) 2 2 2 — — —
Morningstar Growth ETF Asset Allocation Portfolio II
Beginning AUV $18.26 $15.25 $16.58 $14.14 $12.89 $13.72
Ending AUV $20.09 $18.26 $15.25 $16.58 $14.14 $12.89
Ending number of AUs (000s) 15 14 13 2 2 —
Morningstar Income and Growth ETF Asset Allocation Portfolio II
Beginning AUV $15.82 $14.01 $14.63 $13.31 $12.51 $13.06
Ending AUV $17.15 $15.82 $14.01 $14.63 $13.31 $12.51
Ending number of AUs (000s) 10 19 1 1 1 —
AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.:
VP Balanced Fund
Beginning AUV $26.17 $21.83 $22.70 $19.93 $18.63 $19.33
Ending AUV $29.45 $26.17 $21.83 $22.70 $19.93 $18.63
Ending number of AUs (000s) 29 25 21 14 3 —
VP Disciplined Core Value Fund
Beginning AUV $29.94 $24.16 $25.94 $21.53 $18.97 $20.11
Ending AUV $33.48 $29.94 $24.16 $25.94 $21.53 $18.97
Ending number of AUs (000s) 23 7 4 4 2 1
VP Inflation Protection Fund
Beginning AUV $16.19 $14.87 $15.30 $14.76 $14.14 $14.89
Ending AUV $17.74 $16.19 $14.87 $15.30 $14.76 $14.14
Ending number of AUs (000s) 11 11 10 9 8 —
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  2020 2019 2018 2017 2016 2015
VP International Fund
Beginning AUV $24.12 $18.78 $22.16 $16.89 $17.87 $18.80
Ending AUV $30.37 $24.12 $18.78 $22.16 $16.89 $17.87
Ending number of AUs (000s) 18 29 29 29 — —
VP Large Company Value Fund
Beginning AUV $19.88 $15.60 $16.96 $15.27 $13.25 $13.97
Ending AUV $20.40 $19.88 $15.60 $16.96 $15.27 $13.25
Ending number of AUs (000s) — — — — — —
VP Ultra Fund
Beginning AUV $36.73 $27.29 $27.09 $20.49 $19.61 $19.27
Ending AUV $55.04 $36.73 $27.29 $27.09 $20.49 $19.61
Ending number of AUs (000s) 4 — 3 — — —
VP Value Fund
Beginning AUV $30.29 $23.84 $26.25 $24.14 $20.03 $21.02
Ending AUV $30.59 $30.29 $23.84 $26.25 $24.14 $20.03
Ending number of AUs (000s) — — 1 1 — —
AMERICAN FUNDS INSURANCE SERIES:
American High-Income Trust Fund
Beginning AUV $12.84 $11.44 $11.75 $11.02 $9.39 $10.45
Ending AUV $13.83 $12.84 $11.44 $11.75 $11.02 $9.39
Ending number of AUs (000s) 13 13 5 54 84 —
Asset Allocation Fund
Beginning AUV $15.85 $13.11 $13.78 $11.89 $10.89 $11.00
Ending AUV $17.78 $15.85 $13.11 $13.78 $11.89 $10.89
Ending number of AUs (000s) 63 58 46 36 11 1
Capital Income Builder Fund (inception May 1, 2018)
Beginning AUV $11.250 $9.560 $10.00 N/A N/A N/A
Ending AUV $11.71 $11.25 $9.56 N/A N/A N/A
Ending number of AUs (000s) 23 23 1 N/A N/A N/A
Capital World Bond Fund
Beginning AUV $11.18 $10.40 $10.57 $9.91 $9.68 $10.12
Ending AUV $12.26 $11.18 $10.40 $10.57 $9.91 $9.68
Ending number of AUs (000s) 15 18 14 10 — —
Capital World Growth and Income Fund (inception May 1, 2018)
Beginning AUV $11.63 $8.90 $10.00 N/A N/A N/A
Ending AUV $12.63 $11.63 $8.90 N/A N/A N/A
Ending number of AUs (000s) 1 — — N/A N/A N/A
Global Growth Fund (inception May 1, 2018)
Beginning AUV $11.93 $8.84 $10.00 N/A N/A N/A
Ending AUV $15.53 $11.93 $8.84 N/A N/A N/A
Ending number of AUs (000s) 2 2 1 N/A N/A N/A
Global Small Cap Fund (inception May 1, 2018)
Beginning AUV $11.49 $8.76 $10.00 N/A N/A N/A
Ending AUV $14.87 $11.49 $8.76 N/A N/A N/A
Ending number of AUs (000s) 3 3 — N/A N/A N/A
Growth Fund
Beginning AUV $21.78 $16.69 $16.78 $13.11 $12.00 $11.83
Ending AUV $33.04 $21.78 $16.69 $16.78 $13.11 $12.00
Ending number of AUs (000s) 31 34 38 31 8 13
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  2020 2019 2018 2017 2016 2015
Growth-Income Fund
Beginning AUV $19.51 $15.50 $15.82 $12.96 $11.65 $11.90
Ending AUV $22.09 $19.51 $15.50 $15.82 $12.96 $11.65
Ending number of AUs (000s) 24 27 25 22 15 —
International Fund
Beginning AUV $14.09 $11.49 $13.26 $10.06 $9.74 $11.05
Ending AUV $16.01 $14.09 $11.49 $13.26 $10.06 $9.74
Ending number of AUs (000s) 37 46 51 57 35 19
International Growth and Income Fund (inception May 1, 2018)
Beginning AUV $10.73 $8.76 $10.00 N/A N/A N/A
Ending AUV $11.34 $10.73 $8.76 N/A N/A N/A
Ending number of AUs (000s) 1 3 — N/A N/A N/A
Managed Risk Asset Allocation Fund
Beginning AUV $14.38 $12.19 $12.82 $11.17 $10.41 $10.68
Ending AUV $15.23 $14.38 $12.19 $12.82 $11.17 $10.41
Ending number of AUs (000s) 21 24 25 22 9 9
Managed Risk Washington Mutual Investors Fund
Beginning AUV $14.27 $12.53 $13.53 $11.76 $10.37 $11.14
Ending AUV $14.09 $14.27 $12.53 $13.53 $11.76 $10.37
Ending number of AUs (000s) 5 7 7 5 2 —
Mortgage Fund
Beginning AUV $11.41 $10.88 $10.88 $10.77 $10.56 $10.60
Ending AUV $12.13 $11.41 $10.88 $10.88 $10.77 $10.56
Ending number of AUs (000s) 3 8 7 46 63 37
New World Fund (inception July 31, 2015)
Beginning AUV $14.25 $11.06 $12.90 $9.99 $9.51 $10.05
Ending AUV $17.56 $14.25 $11.06 $12.90 $9.99 $9.51
Ending number of AUs (000s) 80 83 66 39 5 —
The Bond Fund of America
Beginning AUV $11.97 $10.97 $11.07 $10.72 $10.43 $10.65
Ending AUV $13.09 $11.97 $10.97 $11.07 $10.72 $10.43
Ending number of AUs (000s) 31 25 9 62 54 —
U.S. Government Securities Fund (inception May 1, 2018)
Beginning AUV $10.81 $10.28 $10.00 N/A N/A N/A
Ending AUV $11.84 $10.81 $10.28 N/A N/A N/A
Ending number of AUs (000s) 39 11 1 N/A N/A N/A
Washington Mutual Investors Fund
Beginning AUV $17.65 $14.58 $16.01 $13.72 $11.58 $12.15
Ending AUV $19.14 $17.65 $14.58 $16.01 $13.72 $11.58
Ending number of AUs (000s) 5 10 8 5 3 —
AMUNDI PIONEER ASSET MANAGEMENT TRUST:
Bond Portfolio (inception
Beginning AUV $18.21 $16.73 $16.89 $16.30 $15.68 $15.96
Ending AUV $19.75 $18.21 $16.73 $16.89 $16.30 $15.68
Ending number of AUs (000s) 35 62 34 13 10 2
Equity Income Portfolio
Beginning AUV $32.69 $26.10 $28.61 $24.84 $20.78 $20.91
Ending AUV $32.60 $32.69 $26.10 $28.61 $24.84 $20.78
Ending number of AUs (000s) 1 1 6 11 — —
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Fund Portfolio
Beginning AUV $33.40 $25.49 $25.94 $21.38 $19.50 $19.74
Ending AUV $41.41 $33.40 $25.49 $25.94 $21.38 $19.50
Ending number of AUs (000s) — — — — — —
High Yield Portfolio
Beginning AUV $23.62 $20.67 $21.52 $20.11 $17.68 $19.29
Ending AUV $24.09 $23.62 $20.67 $21.52 $20.11 $17.68
Ending number of AUs (000s) — — — — — —
Mid Cap Value Portfolio
Beginning AUV $25.59 $19.98 $24.82 $21.99 $18.92 $20.26
Ending AUV $26.07 $25.59 $19.98 $24.82 $21.99 $18.92
Ending number of AUs (000s) — — 2 — — —
Strategic Income Portfolio
Beginning AUV $19.19 $17.52 $17.87 $17.06 $15.89 $16.44
Ending AUV $20.60 $19.19 $17.52 $17.87 $17.06 $15.89
Ending number of AUs (000s) 4 4 5 6 1 —
BLACKROCK VARIABLE SERIES TRUST FUNDS:
Advantage Large Cap Core V.I. Fund
Beginning AUV $28.40 $22.09 $23.38 $19.17 $17.39 $17.56
Ending AUV $33.94 $28.40 $22.09 $23.38 $19.17 $17.39
Ending number of AUs (000s) 1 1 1 1 — —
Advantage Large Cap Value V.I. Fund
Beginning AUV $26.02 $20.88 $22.81 $19.52 $17.25 $17.68
Ending AUV $26.91 $26.02 $20.88 $22.81 $19.52 $17.25
Ending number of AUs (000s) — — — — — —
Equity Dividend V.I. Fund
Beginning AUV $25.06 $19.66 $21.24 $18.23 $15.71 $15.78
Ending AUV $25.96 $25.06 $19.66 $21.24 $18.23 $15.71
Ending number of AUs (000s) 8 6 — — — —
Global Allocation V.I. Fund
Beginning AUV $16.30 $13.84 $14.98 $13.17 $12.69 $13.38
Ending AUV $19.68 $16.30 $13.84 $14.98 $13.17 $12.69
Ending number of AUs (000s) 43 37 33 27 27 22
High Yield V.I. Fund (inception February 3, 2012)
Beginning AUV $16.10 $14.01 $14.43 $13.48 $11.95 $12.82
Ending AUV $17.23 $16.10 $14.01 $14.43 $13.48 $11.95
Ending number of AUs (000s) 63 55 24 36 19 13
Large Cap Focus Growth V.I. Fund
Beginning AUV $34.84 $26.33 $25.62 $19.82 $18.43 $18.30
Ending AUV $49.97 $34.84 $26.33 $25.62 $19.82 $18.43
Ending number of AUs (000s) 3 15 5 — — —
Total Return V.I. Fund
Beginning AUV $12.62 $11.56 $11.64 $11.28 $11.01 $11.28
Ending AUV $13.70 $12.62 $11.56 $11.64 $11.28 $11.01
Ending number of AUs (000s) 72 30 23 72 70 5
U.S. Government Bond V.I. Fund
Beginning AUV $11.22 $10.57 $10.57 $10.44 $10.34 $10.50
Ending AUV $11.89 $11.22 $10.57 $10.57 $10.44 $10.34
Ending number of AUs (000s) 49 30 33 32 33 14
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BNY MELLON INVESTMENT PORTFOLIOS:
Small Cap Stock Index Portfolio
Beginning AUV $37.49 $30.68 $33.70 $29.98 $23.85 $25.22
Ending AUV $41.48 $37.49 $30.68 $33.70 $29.98 $23.85
Ending number of AUs (000s) 29 37 22 8 4 2
BNY MELLON SUSTAINABLE U.S. EQUITY FUND, INC.
Beginning AUV $35.33 $26.29 $27.51 $23.85 $21.61 $22.74
Ending AUV $43.86 $35.33 $26.29 $27.51 $23.85 $21.61
Ending number of AUs (000s) 1 1 2 2 1 —
BNY MELLON STOCK INDEX FUND
Beginning AUV $19.23 $14.69 $15.45 $12.74 $11.44 $11.51
Ending AUV $22.64 $19.23 $14.69 $15.45 $12.74 $11.44
Ending number of AUs (000s) 9 16 11 93 81 —
CALVERT VARIABLE PRODUCTS:
SRI Balanced Fund
Beginning AUV $15.12 $12.17 $12.50 $11.23 $10.46 $10.99
Ending AUV $17.36 $15.12 $12.17 $12.50 $11.23 $10.46
Ending number of AUs (000s) 4 22 5 5 5 —
COLUMBIA FUNDS VARIABLE SERIES TRUST:
Select Large Cap Value Portfolio
Beginning AUV $25.69 $20.27 $23.09 $19.09 $15.91 $16.82
Ending AUV $27.51 $25.69 $20.27 $23.09 $19.09 $15.91
Ending number of AUs (000s) 10 10 17 17 — —
Select Small Cap Value Portfolio
Beginning AUV $20.90 $17.75 $20.31 $18.09 $15.87 $17.45
Ending AUV $22.82 $20.90 $17.75 $20.31 $18.09 $15.87
Ending number of AUs (000s) 8 3 3 1 — —
Seligman Global Technology Portfolio II
Beginning AUV $71.77 $46.31 $50.59 $37.49 $31.50 $30.30
Ending AUV $104.64 $71.77 $46.31 $50.59 $37.49 $31.50
Ending number of AUs (000s) 6 11 6 4 — —
Strategic Income Portfolio (inception date May 2, 2016)
Beginning AUV $12.07 $10.95 $11.02 $10.41 $10.00 N/A
Ending AUV $12.87 $12.07 $10.95 $11.02 $10.41 N/A
Ending number of AUs (000s) 34 28 31 7 — —
CREDIT SUISSE TRUST:
Commodity Return Strategy Portfolio
Beginning AUV $5.38 $5.05 $5.71 $5.63 $5.02 $6.52
Ending AUV $5.30 $5.38 $5.05 $5.71 $5.63 $5.02
Ending number of AUs (000s) 4 4 4 1 1 —
DFA INVESTMENT DIMENSIONS GROUP, INC:
VA Equity Allocation Portfolio (inception November 3, 2017)
Beginning AUV $11.54 $9.19 $10.37 $10.00 N/A N/A
Ending AUV $12.91 $11.54 $9.19 $10.37 N/A N/A
Ending number of AUs (000s) 121 56 14 — — —
VA Global Bond Portfolio
Beginning AUV $11.33 $10.90 $10.74 $10.54 $10.39 $10.44
Ending AUV $11.46 $11.33 $10.90 $10.74 $10.54 $10.39
Ending number of AUs (000s) 124 116 97 92 73 —
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VA Global Moderate Allocation Portfolio
Beginning AUV $13.43 $11.39 $12.27 $10.74 $9.87 $10.40
Ending AUV $14.90 $13.43 $11.39 $12.27 $10.74 $9.87
Ending number of AUs (000s) 158 157 157 140 111 92
VA International Small Portfolio
Beginning AUV $13.58 $10.99 $13.73 $10.59 $9.99 $10.22
Ending AUV $14.82 $13.58 $10.99 $13.73 $10.59 $9.99
Ending number of AUs (000s) 103 97 85 65 29 14
VA International Value Portfolio
Beginning AUV $11.27 $9.75 $11.79 $9.40 $8.63 $10.03
Ending AUV $11.04 $11.27 $9.75 $11.79 $9.40 $8.63
Ending number of AUs (000s) 316 251 209 101 80 45
VA Short-Term Fixed Portfolio
Beginning AUV $10.48 $10.24 $10.09 $10.03 $9.98 $10.00
Ending AUV $10.51 $10.48 $10.24 $10.09 $10.03 $9.98
Ending number of AUs (000s) 232 120 93 34 13 1
VA U.S. Large Value Portfolio
Beginning AUV $16.27 $12.97 $14.79 $12.45 $10.50 $11.10
Ending AUV $16.00 $16.27 $12.97 $14.79 $12.45 $10.50
Ending number of AUs (000s) 220 205 197 78 43 25
VA U.S. Targeted Value Portfolio
Beginning AUV $13.99 $11.44 $13.63 $12.45 $9.79 $10.73
Ending AUV $14.51 $13.99 $11.44 $13.63 $12.45 $9.79
Ending number of AUs (000s) 138 75 73 62 35 9
DELAWARE VIP TRUST:
Small Cap Value Series (inception date July 31, 2015)
Beginning AUV $14.58 $11.41 $13.74 $12.30 $9.38 $10.03
Ending AUV $14.26 $14.58 $11.41 $13.74 $12.30 $9.38
Ending number of AUs (000s) 22 18 17 19 6 —
EATON VANCE VARIABLE TRUST:
Floating-Rate Income Fund
Beginning AUV $14.27 $13.33 $13.34 $12.89 $11.84 $12.23
Ending AUV $14.56 $14.27 $13.33 $13.34 $12.89 $11.84
Ending number of AUs (000s) 33 144 88 97 95 —
FEDERATED HERMES INSURANCE SERIES:
High Income Bond Fund II
Beginning AUV $27.62 $24.11 $24.93 $23.31 $20.31 $21.61
Ending AUV $29.16 $27.62 $24.11 $24.93 $23.31 $20.31
Ending number of AUs (000s) 15 7 6 3 1 —
Kaufmann Fund II
Beginning AUV $33.76 $25.28 $24.41 $19.08 $18.45 $19.22
Ending AUV $43.37 $33.76 $25.28 $24.41 $19.08 $18.45
Ending number of AUs (000s) 20 19 4 1 — —
Managed Volatility Fund II
Beginning AUV $28.85 $23.99 $26.22 $22.20 $20.61 $22.77
Ending AUV $29.11 $28.85 $23.99 $26.22 $22.20 $20.61
Ending number of AUs (000s) 14 10 9 5 3 8
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FIDELITY VARIABLE INSURANCE PRODUCTS:
Balanced Portfolio
Beginning AUV $22.56 $18.18 $19.02 $16.38 $15.31 $15.71
Ending AUV $27.55 $22.56 $18.18 $19.02 $16.38 $15.31
Ending number of AUs (000s) 43 23 23 30 1 6
Contrafund Portfolio
Beginning AUV $28.32 $21.57 $23.11 $19.01 $17.64 $18.16
Ending AUV $36.89 $28.32 $21.57 $23.11 $19.01 $17.64
Ending number of AUs (000s) 83 15 10 9 3 4
Disciplined Small Cap Portfolio
Beginning AUV $25.08 $20.33 $23.44 $21.95 $17.95 $19.45
Ending AUV $29.62 $25.08 $20.33 $23.44 $21.95 $17.95
Ending number of AUs (000s) 3 7 1 5 1 —
Energy Portfolio (inception date May 1, 2020)
Beginning AUV $10.00 N/A N/A N/A N/A N/A
Ending AUV $11.68 N/A N/A N/A N/A N/A
Ending number of AUs (000s) — — — — — —
Equity-Income Portfolio
Beginning AUV $25.70 $20.22 $22.10 $19.62 $16.67 $17.71
Ending AUV $27.35 $25.70 $20.22 $22.10 $19.62 $16.67
Ending number of AUs (000s) — 1 — — — —
Freedom Income Portfolio (inception date May 2, 2016)
Beginning AUV $12.04 $10.79 $11.04 $10.19 $10.00 N/A
Ending AUV $13.28 $12.04 $10.79 $11.04 $10.19 N/A
Ending number of AUs (000s) 11 12 5 4 — —
Growth Portfolio
Beginning AUV $35.55 $26.53 $26.65 $19.77 $19.66 $19.24
Ending AUV $51.03 $35.55 $26.53 $26.65 $19.77 $19.66
Ending number of AUs (000s) 25 10 45 4 2 2
Growth & Income Portfolio
Beginning AUV $28.90 $22.29 $24.55 $21.05 $18.18 $19.08
Ending AUV $31.10 $28.90 $22.29 $24.55 $21.05 $18.18
Ending number of AUs (000s) 2 — — — — —
Growth Opportunities Portfolio
Beginning AUV $44.69 $31.81 $28.35 $21.13 $21.11 $20.82
Ending AUV $75.18 $44.69 $31.81 $28.35 $21.13 $21.11
Ending number of AUs (000s) 36 12 1 — — —
High Income Portfolio
Beginning AUV $16.47 $14.35 $14.89 $13.93 $12.20 $13.24
Ending AUV $16.87 $16.47 $14.35 $14.89 $13.93 $12.20
Ending number of AUs (000s) 23 48 33 2 — —
International Capital Appreciation Portfolio
Beginning AUV $22.05 $16.59 $19.06 $14.01 $14.47 $14.87
Ending AUV $26.88 $22.05 $16.59 $19.06 $14.01 $14.47
Ending number of AUs (000s) 16 19 8 8 — —
Investment Grade Bond Portfolio
Beginning AUV $13.60 $12.43 $12.53 $12.05 $11.53 $11.89
Ending AUV $14.85 $13.60 $12.43 $12.53 $12.05 $11.53
Ending number of AUs (000s) 143 86 49 40 26 —
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Mid Cap Portfolio
Beginning AUV $21.19 $17.20 $20.18 $16.75 $14.96 $15.97
Ending AUV $24.98 $21.19 $17.20 $20.18 $16.75 $14.96
Ending number of AUs (000s) 7 7 7 3 3 2
Overseas Portfolio
Beginning AUV $16.71 $13.11 $15.43 $11.87 $12.53 $13.07
Ending AUV $19.28 $16.71 $13.11 $15.43 $11.87 $12.53
Ending number of AUs (000s) 12 13 12 13 8 6
Real Estate Portfolio
Beginning AUV $23.27 $18.93 $20.24 $19.50 $18.49 $18.29
Ending AUV $21.69 $23.27 $18.93 $20.24 $19.50 $18.49
Ending number of AUs (000s) 2 2 1 1 — —
Strategic Income Portfolio
Beginning AUV $14.56 $13.16 $13.54 $12.59 $11.66 $12.21
Ending AUV $15.60 $14.56 $13.16 $13.54 $12.59 $11.66
Ending number of AUs (000s) 21 32 21 18 5 4
Value Portfolio
Beginning AUV $26.53 $20.12 $23.42 $20.30 $18.17 $19.16
Ending AUV $28.13 $26.53 $20.12 $23.42 $20.30 $18.17
Ending number of AUs (000s) 11 — — — — —
FIRST EAGLE VARIABLE FUNDS:
Overseas Variable Fund
Beginning AUV $23.26 $19.81 $22.15 $19.33 $18.38 $19.46
Ending AUV $24.85 $23.26 $19.81 $22.15 $19.33 $18.38
Ending number of AUs (000s) 5 6 2 1 — 1
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST:
Global Real Estate II Fund
Beginning AUV $25.90 $21.16 $22.70 $20.55 $20.44 $21.10
Ending AUV $24.50 $25.90 $21.16 $22.70 $20.55 $20.44
Ending number of AUs (000s) — — — — — —
Income II Fund
Beginning AUV $27.31 $23.53 $24.59 $22.42 $19.66 $21.56
Ending AUV $27.50 $27.31 $23.53 $24.59 $22.42 $19.66
Ending number of AUs (000s) 5 9 4 3 1 —
Mutual Shares II Fund
Beginning AUV $28.67 $23.39 $25.72 $23.74 $20.45 $22.34
Ending AUV $27.22 $28.67 $23.39 $25.72 $23.74 $20.45
Ending number of AUs (000s) — 1 2 1 2 1
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST:
Rising Dividends Fund (inception July 31, 2015)
Beginning AUV $16.55 $12.81 $13.49 $11.19 $9.64 $9.98
Ending AUV $19.20 $16.55 $12.81 $13.49 $11.19 $9.64
Ending number of AUs (000s) 10 18 13 17 11 —
Strategic Income II Fund
Beginning AUV $20.05 $18.56 $18.96 $18.14 $16.80 $17.80
Ending AUV $20.74 $20.05 $18.56 $18.96 $18.14 $16.80
Ending number of AUs (000s) 21 34 13 9 3 5
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Templeton Global Bond II Fund
Beginning AUV $17.98 $17.63 $17.29 $16.97 $16.48 $17.42
Ending AUV $17.03 $17.98 $17.63 $17.29 $16.97 $16.48
Ending number of AUs (000s) 39 35 26 29 19 18
U.S. Government Securities II Fund
Beginning AUV $13.29 $12.63 $12.59 $12.43 $12.34 $12.39
Ending AUV $13.80 $13.29 $12.63 $12.59 $12.43 $12.34
Ending number of AUs (000s) 3 3 3 3 5 5
GOLDMAN SACHS VARIABLE INSURANCE TRUST:
Multi-Strategy Alternatives Fund
Beginning AUV $9.98 $9.19 $9.89 $9.41 $9.38 $9.94
Ending AUV $10.64 $9.98 $9.19 $9.89 $9.41 $9.38
Ending number of AUs (000s) 6 6 4 4 1 —
GUGGENHEIM VARIABLE INSURANCE FUNDS:
Floating Rate Strategies Fund (Series F)
Beginning AUV $12.67 $11.78 $11.87 $11.47 $10.57 $10.73
Ending AUV $12.67 $12.67 $11.78 $11.87 $11.47 $10.57
Ending number of AUs (000s) 168 31 51 38 88 22
Global Managed Futures Strategy Fund
Beginning AUV $7.46 $6.90 $7.58 $6.97 $8.18 $9.00
Ending AUV $7.65 $7.46 $6.90 $7.58 $6.97 $8.18
Ending number of AUs (000s) 11 10 10 9 1 —
High Yield Fund (Series P)
Beginning AUV $16.47 $14.74 $15.37 $14.47 $12.32 $13.27
Ending AUV $17.23 $16.47 $14.74 $15.37 $14.47 $12.32
Ending number of AUs (000s) — 13 8 10 — —
Long Short Equity Fund
Beginning AUV $17.34 $16.43 $18.87 $16.43 $16.32 $16.42
Ending AUV $18.19 $17.34 $16.43 $18.87 $16.43 $16.32
Ending number of AUs (000s) — 2 1 — — —
Multi-Hedge Strategies Fund
Beginning AUV $10.65 $10.14 $10.68 $10.30 $10.35 $10.41
Ending AUV $11.44 $10.65 $10.14 $10.68 $10.30 $10.35
Ending number of AUs (000s) 5 5 15 14 7 6
Rydex Banking Fund
Beginning AUV $10.13 $7.89 $9.77 $8.68 $6.82 $7.14
Ending AUV $9.28 $10.13 $7.89 $9.77 $8.68 $6.82
Ending number of AUs (000s) 2 6 — 5 — —
Rydex Basic Materials Fund
Beginning AUV $23.91 $19.69 $23.85 $19.64 $15.01 $18.60
Ending AUV $28.63 $23.91 $19.69 $23.85 $19.64 $15.01
Ending number of AUs (000s) — — — 1 6 —
Rydex Biotechnology Fund
Beginning AUV $56.01 $44.93 $49.62 $38.33 $47.71 $51.82
Ending AUV $67.95 $56.01 $44.93 $49.62 $38.33 $47.71
Ending number of AUs (000s) 1 2 2 — — —
Rydex Commodities Strategy Fund
Beginning AUV $2.80 $2.43 $2.87 $2.74 $2.49 $3.70
Ending AUV $2.17 $2.80 $2.43 $2.87 $2.74 $2.49
Ending number of AUs (000s) — — — — — —
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Rydex Consumer Products Fund
Beginning AUV $34.04 $27.82 $31.66 $28.39 $26.93 $26.18
Ending AUV $36.62 $34.04 $27.82 $31.66 $28.39 $26.93
Ending number of AUs (000s) — 10 10 10 10 28
Rydex Dow 2X Strategy Fund
Beginning AUV $60.45 $40.99 $47.79 $30.15 $23.06 $24.10
Ending AUV $61.50 $60.45 $40.99 $47.79 $30.15 $23.06
Ending number of AUs (000s) — — — — — —
Rydex Electronics Fund
Beginning AUV $37.30 $23.42 $26.83 $20.47 $16.46 $17.21
Ending AUV $58.18 $37.30 $23.42 $26.83 $20.47 $16.46
Ending number of AUs (000s) 5 8 1 1 — —
Rydex Energy Fund
Beginning AUV $11.26 $10.54 $14.15 $15.10 $11.49 $17.60
Ending AUV $7.41 $11.26 $10.54 $14.15 $15.10 $11.49
Ending number of AUs (000s) — — — 2 1 —
Rydex Energy Services Fund
Beginning AUV $5.57 $5.58 $10.26 $12.61 $10.24 $15.47
Ending AUV $3.49 $5.57 $5.58 $10.26 $12.61 $10.24
Ending number of AUs (000s) 2 4 — — — —
Rydex Europe 1.25X Strategy Fund
Beginning AUV $11.52 $8.97 $11.07 $8.61 $9.12 $10.56
Ending AUV $11.55 $11.52 $8.97 $11.07 $8.61 $9.12
Ending number of AUs (000s) — — — — — —
Rydex Financial Services Fund
Beginning AUV $16.42 $12.82 $14.62 $12.65 $10.92 $11.33
Ending AUV $16.40 $16.42 $12.82 $14.62 $12.65 $10.92
Ending number of AUs (000s) — — — 2 1 —
Rydex Government Long Bond 1.2X Strategy Fund
Beginning AUV $21.48 $18.40 $19.43 $17.72 $17.78 $19.89
Ending AUV $26.20 $21.48 $18.40 $19.43 $17.72 $17.78
Ending number of AUs (000s) — 2 1 — — —
Rydex Health Care Fund
Beginning AUV $37.95 $30.96 $30.58 $24.89 $27.56 $29.51
Ending AUV $45.03 $37.95 $30.96 $30.58 $24.89 $27.56
Ending number of AUs (000s) 2 — — 1 1 9
Rydex High Yield Strategy Fund
Beginning AUV $13.42 $11.79 $11.89 $11.13 $9.97 $10.31
Ending AUV $13.36 $13.42 $11.79 $11.89 $11.13 $9.97
Ending number of AUs (000s) 12 — — — — —
Rydex Internet Fund
Beginning AUV $48.08 $38.32 $39.59 $29.55 $28.30 $27.08
Ending AUV $77.03 $48.08 $38.32 $39.59 $29.55 $28.30
Ending number of AUs (000s) — — — 1 — —
Rydex Inverse Dow 2X Strategy Fund
Beginning AUV $0.26 $0.41 $0.40 $0.66 $0.93 $0.98
Ending AUV $0.14 $0.26 $0.41 $0.40 $0.66 $0.93
Ending number of AUs (000s) — — — — — —
Rydex Inverse Government Long Bond Strategy Fund
Beginning AUV $3.34 $3.85 $3.71 $4.07 $4.19 $3.97
Ending AUV $2.63 $3.34 $3.85 $3.71 $4.07 $4.19
Ending number of AUs (000s) 3 1 1 6 — —
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Rydex Inverse Mid-Cap Strategy Fund
Beginning AUV $1.60 $2.00 $1.81 $2.09 $2.58 $2.47
Ending AUV $1.20 $1.60 $2.00 $1.81 $2.09 $2.58
Ending number of AUs (000s) — — — — — —
Rydex Inverse NASDAQ-100® Strategy Fund
Beginning AUV $0.95 $1.33 $1.36 $1.81 $2.00 $2.22
Ending AUV $0.59 $0.95 $1.33 $1.36 $1.81 $2.00
Ending number of AUs (000s) — — 22 — — —
Rydex Inverse Russell 2000® Strategy Fund
Beginning AUV $1.43 $1.80 $1.62 $1.87 $2.34 $2.22
Ending AUV $0.99 $1.43 $1.80 $1.62 $1.87 $2.34
Ending number of AUs (000s) — — — — — —
Rydex Inverse S&P 500 Strategy Fund
Beginning AUV $1.96 $2.54 $2.44 $2.96 $3.36 $3.44
Ending AUV $1.47 $1.96 $2.54 $2.44 $2.96 $3.36
Ending number of AUs (000s) — — — — — —
Rydex Japan 2X Strategy Fund
Beginning AUV $26.74 $19.23 $24.96 $16.61 $15.25 $17.39
Ending AUV $37.55 $26.74 $19.23 $24.96 $16.61 $15.25
Ending number of AUs (000s) — — — — — —
Rydex Leisure Fund
Beginning AUV $31.22 $24.15 $27.89 $23.22 $21.20 $21.84
Ending AUV $37.78 $31.22 $24.15 $27.89 $23.22 $21.20
Ending number of AUs (000s) — — — — — —
Rydex Mid Cap 1.5X Strategy Fund
Beginning AUV $42.24 $31.04 $38.51 $31.45 $24.26 $27.38
Ending AUV $46.76 $42.24 $31.04 $38.51 $31.45 $24.26
Ending number of AUs (000s) — — — — — —
Rydex NASDAQ-100® Fund
Beginning AUV $57.13 $41.74 $42.51 $32.42 $30.59 $29.00
Ending AUV $82.81 $57.13 $41.74 $42.51 $32.42 $30.59
Ending number of AUs (000s) 7 7 25 1 1 2
Rydex NASDAQ-100® 2X Strategy Fund
Beginning AUV $160.24 $88.78 $97.89 $57.76 $52.70 $48.24
Ending AUV $299.44 $160.24 $88.78 $97.89 $57.76 $52.70
Ending number of AUs (000s) 5 4 5 4 3 3
Rydex Nova Fund
Beginning AUV $41.74 $28.78 $32.09 $24.35 $21.04 $21.58
Ending AUV $50.10 $41.74 $28.78 $32.09 $24.35 $21.04
Ending number of AUs (000s) 4 4 — 9 9 —
Rydex Precious Metals Fund
Beginning AUV $13.57 $8.92 $10.69 $9.99 $6.03 $8.94
Ending AUV $18.23 $13.57 $8.92 $10.69 $9.99 $6.03
Ending number of AUs (000s) 10 — — — 8 —
Rydex Real Estate Fund
Beginning AUV $21.69 $17.43 $18.81 $17.64 $16.01 $16.57
Ending AUV $20.43 $21.69 $17.43 $18.81 $17.64 $16.01
Ending number of AUs (000s) 2 2 2 3 1 —
Rydex Retailing Fund
Beginning AUV $31.34 $25.18 $26.02 $23.06 $22.99 $24.45
Ending AUV $45.03 $31.34 $25.18 $26.02 $23.06 $22.99
Ending number of AUs (000s) — — — 1 1 —
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Rydex Russell 2000® 1.5X Strategy Fund
Beginning AUV $33.72 $24.91 $30.97 $25.80 $19.79 $23.01
Ending AUV $40.47 $33.72 $24.91 $30.97 $25.80 $19.79
Ending number of AUs (000s) — — 7 — — —
Rydex Russell 2000® 2X Strategy Fund
Beginning AUV $20.71 $14.07 $19.07 $15.10 $10.94 $13.49
Ending AUV $24.27 $20.71 $14.07 $19.07 $15.10 $10.94
Ending number of AUs (000s) — — — — — —
Rydex S&P 500 2X Strategy Fund
Beginning AUV $50.69 $31.19 $36.87 $25.69 $21.34 $22.18
Ending AUV $59.86 $50.69 $31.19 $36.87 $25.69 $21.34
Ending number of AUs (000s) — 4 11 6 — —
Rydex S&P 500 Pure Growth Fund
Beginning AUV $35.59 $28.11 $29.79 $23.95 $23.35 $24.14
Ending AUV $45.31 $35.59 $28.11 $29.79 $23.95 $23.35
Ending number of AUs (000s) 2 1 — — — 1
Rydex S&P 500 Pure Value Fund
Beginning AUV $28.60 $23.20 $26.76 $23.10 $19.68 $21.77
Ending AUV $25.58 $28.60 $23.20 $26.76 $23.10 $19.68
Ending number of AUs (000s) 5 8 — 2 1 —
Rydex S&P 500 MidCap 400 Pure Growth Fund
Beginning AUV $32.00 $27.73 $32.56 $27.41 $26.69 $28.44
Ending AUV $41.75 $32.00 $27.73 $32.56 $27.41 $26.69
Ending number of AUs (000s) — — — — — —
Rydex S&P 500 MidCap 400 Pure Value Fund
Beginning AUV $26.77 $21.86 $26.98 $23.84 $18.50 $21.37
Ending AUV $28.75 $26.77 $21.86 $26.98 $23.84 $18.50
Ending number of AUs (000s) 20 — — — — —
Rydex S&P 500 SmallCap 600 Pure Growth Fund
Beginning AUV $30.75 $27.31 $30.02 $25.87 $21.79 $23.87
Ending AUV $35.59 $30.75 $27.31 $30.02 $25.87 $21.79
Ending number of AUs (000s) 7 — — — — —
Rydex S&P 500 SmallCap 600 Pure Value Fund
Beginning AUV $21.03 $17.42 $21.94 $22.00 $16.70 $19.75
Ending AUV $19.77 $21.03 $17.42 $21.94 $22.00 $16.70
Ending number of AUs (000s) 13 — — — 1 1
Rydex Strengthening Dollar 2X Strategy Fund
Beginning AUV $8.77 $8.38 $7.50 $9.10 $8.51 $8.57
Ending AUV $7.54 $8.77 $8.38 $7.50 $9.10 $8.51
Ending number of AUs (000s) — — — — — —
Rydex Technology Fund
Beginning AUV $40.23 $28.78 $29.22 $22.03 $19.84 $20.08
Ending AUV $60.04 $40.23 $28.78 $29.22 $22.03 $19.84
Ending number of AUs (000s) 10 17 1 1 1 —
Rydex Telecommunications Fund
Beginning AUV $16.11 $14.23 $15.02 $14.19 $12.09 $13.19
Ending AUV $17.64 $16.11 $14.23 $15.02 $14.19 $12.09
Ending number of AUs (000s) — — — 2 1 —
Rydex Transportation Fund
Beginning AUV $30.41 $24.88 $31.12 $25.50 $22.09 $25.13
Ending AUV $42.77 $30.41 $24.88 $31.12 $25.50 $22.09
Ending number of AUs (000s) 1 2 — 1 — —
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Rydex Utilities Fund
Beginning AUV $30.11 $25.30 $24.37 $21.96 $18.87 $19.49
Ending AUV $28.56 $30.11 $25.30 $24.37 $21.96 $18.87
Ending number of AUs (000s) — 3 — 1 1 —
Rydex Weakening Dollar 2X Strategy Fund
Beginning AUV $6.62 $6.95 $7.87 $6.60 $7.22 $7.47
Ending AUV $7.26 $6.62 $6.95 $7.87 $6.60 $7.22
Ending number of AUs (000s) — — — — — —
Small Cap Value Fund (Series Q)
Beginning AUV $22.04 $17.98 $20.59 $19.85 $15.68 $17.12
Ending AUV $21.82 $22.04 $17.98 $20.59 $19.85 $15.68
Ending number of AUs (000s) 1 1 1 1 — —
StylePlus Large Growth Fund (Series Y)
Beginning AUV $31.72 $23.68 $24.58 $18.89 $17.37 $17.19
Ending AUV $43.73 $31.72 $23.68 $24.58 $18.89 $17.37
Ending number of AUs (000s) 1 1 1 1 — —
StylePlus Mid Growth Fund (Series J)
Beginning AUV $28.98 $21.84 $23.51 $18.86 $17.36 $18.42
Ending AUV $38.29 $28.98 $21.84 $23.51 $18.86 $17.36
Ending number of AUs (000s) — 1 1 1 — —
U.S. Total Return Bond Fund (Series E)
Beginning AUV $14.78 $14.15 $13.99 $13.11 $12.27 $12.40
Ending AUV $16.88 $14.78 $14.15 $13.99 $13.11 $12.27
Ending number of AUs (000s) 122 105 82 69 3 —
INVESCO VARIABLE INSURANCE FUNDS:
Invesco Oppenheimer V. I. International Growth Fund
Beginning AUV $18.75 $14.66 $18.22 $14.41 $14.81 $15.38
Ending AUV $22.70 $18.75 $14.66 $18.22 $14.41 $14.81
Ending number of AUs (000s) 6 3 4 3 2 2
Balanced Risk Allocation Fund
Beginning AUV $13.97 $12.16 $13.04 $11.87 $10.64 $11.68
Ending AUV $15.37 $13.97 $12.16 $13.04 $11.87 $10.64
Ending number of AUs (000s) 24 23 24 6 — —
Comstock Fund
Beginning AUV $26.17 $20.89 $23.78 $20.18 $17.20 $18.68
Ending AUV $25.95 $26.17 $20.89 $23.78 $20.18 $17.20
Ending number of AUs (000s) 12 — — — — 1
Core Bond Fund
Beginning AUV $13.85 $12.68 $12.84 $12.31 $11.94 $12.20
Ending AUV $15.15 $13.85 $12.68 $12.84 $12.31 $11.94
Ending number of AUs (000s) 9 14 14 9 3 4
Core Equity Fund
Beginning AUV $25.44 $19.73 $21.77 $19.24 $17.45 $18.72
Ending AUV $28.97 $25.44 $19.73 $21.77 $19.24 $17.45
Ending number of AUs (000s) — — — — — —
Core Plus Bond Fund (inception date May 2, 2016)
Beginning AUV $11.81 $10.64 $10.89 $10.24 $10.00 N/A
Ending AUV $12.96 $11.81 $10.64 $10.89 $10.24 N/A
Ending number of AUs (000s) 78 36 26 17 — —
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Diversified Dividend Fund
Beginning AUV $23.82 $19.04 $20.60 $18.97 $16.53 $16.52
Ending AUV $23.85 $23.82 $19.04 $20.60 $18.97 $16.53
Ending number of AUs (000s) 8 15 18 14 10 1
Equity and Income Fund
Beginning AUV $21.51 $17.87 $19.75 $17.79 $15.45 $16.04
Ending AUV $23.65 $21.51 $17.87 $19.75 $17.79 $15.45
Ending number of AUs (000s) 34 28 30 23 5 —
Global Fund
Beginning AUV $25.33 $19.27 $22.25 $16.32 $16.35 $17.09
Ending AUV $32.25 $25.33 $19.27 $22.25 $16.32 $16.35
Ending number of AUs (000s) 7 9 2 3 — —
Global Real Estate Fund
Beginning AUV $24.98 $20.31 $21.64 $19.14 $18.76 $19.94
Ending AUV $21.90 $24.98 $20.31 $21.64 $19.14 $18.76
Ending number of AUs (000s) 12 10 7 3 1 1
Global Strategic Income Fund
Beginning AUV $13.45 $12.16 $12.74 $12.02 $11.31 $11.92
Ending AUV $13.86 $13.45 $12.16 $12.74 $12.02 $11.31
Ending number of AUs (000s) 10 2 2 2 — —
INVESCO VARIABLE INSURANCE FUNDS:
Government Money Market Fund
Beginning AUV $10.42 $10.23 $10.07 $10.02 $10.01 $10.01
Ending AUV $10.45 $10.42 $10.23 $10.07 $10.02 $10.01
Ending number of AUs (000s) 439 539 1,177 798 328 237
Government Securities Fund
Beginning AUV $14.85 $14.00 $13.92 $13.65 $13.49 $13.68
Ending AUV $15.78 $14.85 $14.00 $13.92 $13.65 $13.49
Ending number of AUs (000s) — — 34 — 1 —
Growth and Income Fund
Beginning AUV $25.26 $20.18 $23.30 $20.38 $17.03 $17.78
Ending AUV $25.79 $25.26 $20.18 $23.30 $20.38 $17.03
Ending number of AUs (000s) — — — — — —
Health Care Fund
Beginning AUV $38.07 $28.73 $28.48 $24.58 $27.77 $29.79
Ending AUV $43.58 $38.07 $28.73 $28.48 $24.58 $27.77
Ending number of AUs (000s) 2 2 — — — —
High Yield Fund
Beginning AUV $24.43 $21.52 $22.27 $20.95 $18.84 $20.16
Ending AUV $25.24 $24.43 $21.52 $22.27 $20.95 $18.84
Ending number of AUs (000s) — — — — — —
International Growth Fund
Beginning AUV $14.80 $11.51 $13.54 $11.00 $11.05 $12.09
Ending AUV $16.87 $14.80 $11.51 $13.54 $11.00 $11.05
Ending number of AUs (000s) 7 4 2 2 1 —
Main Street Fund
Beginning AUV $28.69 $21.78 $23.70 $20.32 $18.26 $18.15
Ending AUV $32.62 $28.69 $21.78 $23.70 $20.32 $18.26
Ending number of AUs (000s) — — 2 — — —
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Main Street Mid Cap Fund
Beginning AUV $26.66 $21.32 $24.12 $21.04 $18.59 $19.95
Ending AUV $29.04 $26.66 $21.32 $24.12 $21.04 $18.59
Ending number of AUs (000s) 1 1 — — — 2
Technology Fund
Beginning AUV $41.61 $30.62 $30.76 $22.76 $22.94 $22.18
Ending AUV $60.80 $41.61 $30.62 $30.76 $22.76 $22.94
Ending number of AUs (000s) 7 9 8 3 — —
IVY FUNDS VARIABLE INSURANCE PORTFOLIOS:
Asset Strategy Portfolio
Beginning AUV $17.26 $14.17 $14.98 $12.67 $13.00 $14.57
Ending AUV $19.65 $17.26 $14.17 $14.98 $12.67 $13.00
Ending number of AUs (000s) — — — — 4 —
Balanced Portfolio
Beginning AUV $24.16 $19.79 $20.45 $18.36 $18.00 $18.60
Ending AUV $27.57 $24.16 $19.79 $20.45 $18.36 $18.00
Ending number of AUs (000s) 4 2 — — — —
Corporate Bond Portfolio
Beginning AUV $14.54 $12.96 $13.21 $12.70 $12.21 $12.46
Ending AUV $16.13 $14.54 $12.96 $13.21 $12.70 $12.21
Ending number of AUs (000s) 93 54 — — — —
Energy Portfolio
Beginning AUV $8.33 $8.05 $12.22 $13.99 $10.40 $14.40
Ending AUV $5.26 $8.33 $8.05 $12.22 $13.99 $10.40
Ending number of AUs (000s) — — — — — —
Global Bond Portfolio
Beginning AUV $12.88 $11.77 $11.79 $11.31 $10.56 $11.06
Ending AUV $13.93 $12.88 $11.77 $11.79 $11.31 $10.56
Ending number of AUs (000s) 16 10 9 3 1 —
High Income Portfolio
Beginning AUV $20.92 $18.81 $19.22 $18.01 $15.50 $17.03
Ending AUV $22.18 $20.92 $18.81 $19.22 $18.01 $15.50
Ending number of AUs (000s) 21 2 5 1 — —
Limited-Term Bond Portfolio
Beginning AUV $11.00 $10.55 $10.47 $10.32 $10.13 $10.20
Ending AUV $11.45 $11.00 $10.55 $10.47 $10.32 $10.13
Ending number of AUs (000s) 3 3 3 3 — —
Mid Cap Growth Portfolio
Beginning AUV $38.18 $27.68 $27.69 $21.82 $20.57 $22.83
Ending AUV $56.89 $38.18 $27.68 $27.69 $21.82 $20.57
Ending number of AUs (000s) 2 — — — — —
Natural Resources Portfolio
Beginning AUV $6.91 $6.31 $8.22 $7.98 $6.45 $8.86
Ending AUV $6.08 $6.91 $6.31 $8.22 $7.98 $6.45
Ending number of AUs (000s) 8 8 8 — — —
Science and Technology Portfolio
Beginning AUV $43.14 $28.86 $30.45 $23.05 $22.70 $24.84
Ending AUV $58.39 $43.14 $28.86 $30.45 $23.05 $22.70
Ending number of AUs (000s) 6 8 1 1 — —
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Value Portfolio
Beginning AUV $27.95 $22.12 $23.85 $21.20 $19.07 $19.85
Ending AUV $28.50 $27.95 $22.12 $23.85 $21.20 $19.07
Ending number of AUs (000s) 1 1 — — — —
JANUS ASPEN SERIES: JANUS HENDERSON FUNDS- Institutional:
Balanced Portfolio
Beginning AUV $27.90 $22.76 $22.61 $19.09 $18.25 $18.54
Ending AUV $31.89 $27.90 $22.76 $22.61 $19.09 $18.25
Ending number of AUs (000s) 83 91 62 51 30 22
Enterprise Portfolio
Beginning AUV $45.68 $33.72 $33.86 $26.57 $23.65 $24.31
Ending AUV $54.58 $45.68 $33.72 $33.86 $26.57 $23.65
Ending number of AUs (000s) 16 21 16 17 9 5
Forty Portfolio
Beginning AUV $38.58 $28.12 $27.58 $21.16 $20.71 $19.91
Ending AUV $53.77 $38.58 $28.12 $27.58 $21.16 $20.71
Ending number of AUs (000s) 27 37 25 20 2 —
Global Research Portfolio
Beginning AUV $23.55 $18.25 $19.60 $15.43 $15.11 $16.51
Ending AUV $28.28 $23.55 $18.25 $19.60 $15.43 $15.11
Ending number of AUs (000s) 3 3 1 — — —
Mid Cap Value Portfolio
Beginning AUV $24.42 $18.74 $21.70 $19.04 $16.00 $16.68
Ending AUV $24.20 $24.42 $18.74 $21.70 $19.04 $16.00
Ending number of AUs (000s) 12 8 5 4 2 —
Overseas Portfolio
Beginning AUV $15.21 $11.97 $14.08 $10.74 $11.48 $13.63
Ending AUV $17.69 $15.21 $11.97 $14.08 $10.74 $11.48
Ending number of AUs (000s) 5 2 1 1 — —
Research Portfolio
Beginning AUV $33.59 $24.79 $25.44 $19.90 $19.80 $20.02
Ending AUV $44.66 $33.59 $24.79 $25.44 $19.90 $19.80
Ending number of AUs (000s) 1 1 5 6 5 3
JANUS ASPEN SERIES: JANUS HENDERSON FUNDS- Service
Flexible Bond Portfolio
Beginning AUV $12.42 $11.37 $11.52 $11.14 $10.90 $11.15
Ending AUV $13.70 $12.42 $11.37 $11.52 $11.14 $10.90
Ending number of AUs (000s) 15 13 13 30 26 13
US Low Volatility Portfolio (inception date November 11, 2016)
Beginning AUV $14.64 $11.43 $11.98 $10.38 $10.00 N/A
Ending AUV $15.15 $14.64 $11.43 $11.98 $10.38 N/A
Ending number of AUs (000s) 38 25 3 1 — —
JOHN HANCOCK VARIABLE TRUST:
Emerging Markets Value Trust Fund (inception October 30, 2015)
Beginning AUV $13.95 $12.59 $14.57 $10.99 $9.32 $10.00
Ending AUV $14.46 $13.95 $12.59 $14.57 $10.99 $9.32
Ending number of AUs (000s) 43 41 29 3 3 —
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JPMORGAN INSURANCE TRUST:
Global Allocation Portfolio (inception October 30, 2015)
Beginning AUV $13.18 $11.30 $12.07 $10.33 $9.76 $10.00
Ending AUV $15.21 $13.18 $11.30 $12.07 $10.33 $9.76
Ending number of AUs (000s) 36 40 20 42 8 —
Income Builder Portfolio (inception October 30, 2015)
Beginning AUV $12.63 $11.06 $11.63 $10.41 $9.80 $10.00
Ending AUV $13.29 $12.63 $11.06 $11.63 $10.41 $9.80
Ending number of AUs (000s) 20 54 18 18 18 —
LAZARD RETIREMENT SERIES INC.:
Emerging Markets Equity Portfolio
Beginning AUV $28.84 $24.41 $29.97 $23.45 $19.41 $25.04
Ending AUV $28.47 $28.84 $24.41 $29.97 $23.45 $19.41
Ending number of AUs (000s) 9 12 12 7 3 2
Global Dynamic Multi Asset Portfolio
Beginning AUV $17.42 $14.79 $15.83 $13.13 $12.72 $13.11
Ending AUV $17.56 $17.42 $14.79 $15.83 $13.13 $12.72
Ending number of AUs (000s) — 4 — — — —
International Equity Portfolio
Beginning AUV $20.46 $16.91 $19.64 $16.05 $16.77 $17.94
Ending AUV $22.15 $20.46 $16.91 $19.64 $16.05 $16.77
Ending number of AUs (000s) 10 13 14 55 35 22
US Small-Mid Cap Equity Portfolio
Beginning AUV $31.68 $24.38 $28.10 $24.66 $21.30 $23.16
Ending AUV $33.82 $31.68 $24.38 $28.10 $24.66 $21.30
Ending number of AUs (000s) 5 5 7 7 7 4
LEGG MASON PARTNERS VARIABLE EQUITY TRUST:
ClearBridge Aggressive Growth Portfolio
Beginning AUV $27.76 $22.19 $24.21 $20.82 $20.57 $22.26
Ending AUV $32.76 $27.76 $22.19 $24.21 $20.82 $20.57
Ending number of AUs (000s) 1 1 1 — — —
ClearBridge Dividend Strategy Portfolio
Beginning AUV $26.23 $19.94 $20.95 $17.58 $15.29 $15.89
Ending AUV $28.25 $26.23 $19.94 $20.95 $17.58 $15.29
Ending number of AUs (000s) 10 — — — — —
ClearBridge Large Cap Growth Portfolio
Beginning AUV $36.17 $27.37 $27.37 $21.76 $20.26 $19.19
Ending AUV $47.29 $36.17 $27.37 $27.37 $21.76 $20.26
Ending number of AUs (000s) 14 7 2 3 2 —
ClearBridge Small Cap Growth Portfolio
Beginning AUV $25.07 $19.81 $19.20 $15.49 $14.68 $15.41
Ending AUV $35.83 $25.07 $19.81 $19.20 $15.49 $14.68
Ending number of AUs (000s) 38 34 24 6 5 3
QS Dynamic Multi Strategy Portfolio
Beginning AUV $14.79 $12.81 $13.81 $12.13 $12.19 $13.17
Ending AUV $13.56 $14.79 $12.81 $13.81 $12.13 $12.19
Ending number of AUs (000s) 1 1 1 — — —
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LEGG MASON PARTNERS VARIABLE INCOME TRUST:
Western Asset Global High Yield Bond Portfolio
Beginning AUV $23.88 $20.88 $21.73 $20.00 $17.30 $18.87
Ending AUV $25.63 $23.88 $20.88 $21.73 $20.00 $17.30
Ending number of AUs (000s) 3 3 3 5 — —
LORD ABBETT SERIES FUND, INC. :
Bond Debenture Portfolio
Beginning AUV $21.57 $19.03 $19.83 $18.16 $16.19 $17.15
Ending AUV $23.15 $21.57 $19.03 $19.83 $18.16 $16.19
Ending number of AUs (000s) 121 83 7 54 10 8
Dividend Growth Portfolio
Beginning AUV $34.41 $27.22 $28.55 $23.97 $20.82 $21.30
Ending AUV $39.72 $34.41 $27.22 $28.55 $23.97 $20.82
Ending number of AUs (000s) 10 10 — 12 12 —
Growth and Income Portfolio
Beginning AUV $25.92 $21.16 $23.04 $20.32 $17.35 $17.99
Ending AUV $26.62 $25.92 $21.16 $23.04 $20.32 $17.35
Ending number of AUs (000s) — — — — — —
MAINSTAY VP FUNDS TRUST - SERVICE:
MacKay Convertible Portfolio (inception May 1, 2017)
Beginning AUV $12.63 $10.34 $10.60 $10.00 N/A N/A
Ending AUV $17.13 $12.63 $10.34 $10.60 N/A N/A
Ending number of AUs (000s) 72 57 21 8 N/A N/A
MFS VARIABLE INSURANCE TRUST:
Growth Series - Service (inception July 31, 2015)
Beginning AUV $18.67 $13.55 $13.24 $10.10 $9.88 $9.98
Ending AUV $24.56 $18.67 $13.55 $13.24 $10.10 $9.88
Ending number of AUs (000s) 17 8 6 18 19 —
New Discovery Series - Service (inception May 1, 2020)
Beginning AUV $10.00 N/A N/A N/A N/A N/A
Ending AUV $16.46 N/A N/A N/A N/A N/A
Ending number of AUs (000s) 4 N/A N/A N/A N/A N/A
Value Series - Service (inception July 31, 2015)
Beginning AUV $14.87 $11.48 $12.81 $10.91 $9.59 $9.97
Ending AUV $15.34 $14.87 $11.48 $12.81 $10.91 $9.59
Ending number of AUs (000s) 24 13 9 18 20 —
NATIONWIDE VARIABLE INSURANCE TRUST:
AQR Large Cap Defensive Style Fund (inception May 1, 2018)
Beginning AUV $12.89 $9.97 $10.00 N/A N/A N/A
Ending AUV $14.22 $12.89 $9.97 N/A N/A N/A
Ending number of AUs (000s) — — — N/A N/A N/A
Bond Index Fund
Beginning AUV $11.99 $11.06 $11.12 $10.79 $10.57 $10.78
Ending AUV $12.83 $11.99 $11.06 $11.12 $10.79 $10.57
Ending number of AUs (000s) 25 28 28 6 2 —
Columbia Overseas Value Fund (inception October 16, 2020)
Beginning AUV $10.00 N/A N/A N/A N/A N/A
Ending AUV $11.78 N/A N/A N/A N/A N/A
Ending number of AUs (000s) — N/A N/A N/A N/A N/A
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DoubleLine Total Return Tactical Fund (inception November 3, 2017)
Beginning AUV $10.70 $10.02 $9.99 $10.00 N/A N/A
Ending AUV $11.11 $10.70 $10.02 $9.99 N/A N/A
Ending number of AUs (000s) 141 131 46 12 — —
Government Money Market Fund (inception date May 1, 2019)
Beginning AUV $10.12 $10.00 N/A N/A N/A N/A
Ending AUV $10.15 $10.12 N/A N/A N/A N/A
Ending number of AUs (000s) 774 60 N/A N/A N/A N/A
International Index Fund
Beginning AUV $12.32 $10.13 $11.76 $9.42 $9.35 $10.22
Ending AUV $13.23 $12.32 $10.13 $11.76 $9.42 $9.35
Ending number of AUs (000s) 134 164 138 83 — —
Investor Destinations Capital Appreciation Class P Fund (inception date October 23, 2020)
Beginning AUV $10.00 N/A N/A N/A N/A N/A
Ending AUV $10.82 N/A N/A N/A N/A N/A
Ending number of AUs (000s) — — N/A N/A N/A N/A
Investor Destinations Moderate Class P Fund (inception date October 23, 2020)
Beginning AUV $10.00 N/A N/A N/A N/A N/A
Ending AUV $10.72 N/A N/A N/A N/A N/A
Ending number of AUs (000s) — N/A N/A N/A N/A N/A
iShares ETF Fixed Income Fund (inception date May 1, 2019)
Beginning AUV $10.58 $10.00 N/A N/A N/A N/A
Ending AUV $11.37 $10.58 N/A N/A N/A N/A
Ending number of AUs (000s) — — N/A N/A N/A N/A
iShares ETF Global Equity Fund (inception date May 1, 2019)
Beginning AUV $10.89 $10.00 N/A N/A N/A N/A
Ending AUV $12.64 $10.89 N/A N/A N/A N/A
Ending number of AUs (000s) — — N/A N/A N/A N/A
JP Morgan Mozaic Multi- Asset Fund (inception date May 1, 2020)
Beginning AUV $10.00 N/A N/A N/A N/A N/A
Ending AUV $10.54 N/A N/A N/A N/A N/A
Ending number of AUs (000s) — N/A N/A N/A N/A N/A
Mid Cap Index Fund
Beginning AUV $16.49 $13.13 $14.84 $12.83 $10.67 $11.48
Ending AUV $18.63 $16.49 $13.13 $14.84 $12.83 $10.67
Ending number of AUs (000s) 40 42 32 15 4 3
Multi-Manager Mid Cap Value Fund (inception date May 1, 2017)
Beginning AUV $11.68 $9.42 $10.84 $10.00 N/A N/A
Ending AUV $11.55 $11.68 $9.42 $10.84 N/A N/A
N/A N/A          
Ending number of AUs (000s) 19 19 16 5 — —
Newton Sustainable U.S. Equity Fund (inception May 1, 2017)
Beginning AUV $13.19 $10.47 $11.11 $10.00 N/A N/A
Ending AUV $14.95 $13.19 $10.47 $11.11 N/A N/A
Ending number of AUs (000s) — — — — N/A N/A
S&P 500 Index Fund
Beginning AUV $19.32 $14.75 $15.49 $12.77 $11.45 $11.52
Ending AUV $22.79 $19.32 $14.75 $15.49 $12.77 $11.45
Ending number of AUs (000s) 158 75 76 64 2 —
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Small Cap Index Fund
Beginning AUV $15.29 $12.22 $13.78 $12.06 $9.97 $10.92
Ending AUV $18.25 $15.29 $12.22 $13.78 $12.06 $9.97
Ending number of AUs (000s) 85 43 22 11 2 1
NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST:
Mid-Cap Growth Portfolio
Beginning AUV $43.60 $32.84 $35.09 $28.01 $26.83 $28.59
Ending AUV $61.03 $43.60 $32.84 $35.09 $28.01 $26.83
Ending number of AUs (000s) 8 3 3 4 2 2
Mid Cap Intrinsic Value Portfolio
Beginning AUV $27.85 $23.86 $28.16 $24.12 $20.76 $23.67
Ending AUV $27.12 $27.85 $23.86 $28.16 $24.12 $20.76
Ending number of AUs (000s) 2 4 7 8 7 5
Short Duration Bond Portfolio
Beginning AUV $12.99 $12.53 $12.40 $12.29 $12.14 $12.19
Ending AUV $13.44 $12.99 $12.53 $12.40 $12.29 $12.14
Ending number of AUs (000s) 5 9 9 7 4 4
Sustainable Equity Portfolio
Beginning AUV $33.74 $26.80 $28.43 $24.01 $21.85 $22.33
Ending AUV $40.34 $33.74 $26.80 $28.43 $24.01 $21.85
Ending number of AUs (000s) — — 1 1 1 0
US Equity Index PutWrite Strategy Portfolio (inception date May 1, 2015)
Beginning AUV $10.55 $9.15 $9.82 $9.20 $9.26 $10.02
Ending AUV $11.42 $10.55 $9.15 $9.82 $9.20 $9.26
Ending number of AUs (000s) 3 3 3 3 3 —
NORTHERN LIGHTS VARIABLE TRUST:
7Twelve Portfolio Class 3 (inception May 1, 2015)
Beginning AUV $11.56 $10.04 $10.97 $9.92 $9.07 $10.03
Ending AUV $12.18 $11.56 $10.04 $10.97 $9.92 $9.07
Ending number of AUs (000s) 21 23 21 19 — —
BTS Tactical Fixed Income Portfolio (inception October 30, 2015)
Beginning AUV $10.89 $10.57 $11.26 $10.94 $9.67 $10.00
Ending AUV $11.15 $10.89 $10.57 $11.26 $10.94 $9.67
Ending number of AUs (000s) 1 1 1 1 3 —
Power Dividend Index Portfolio
Beginning AUV $14.88 $15.31 $16.65 $15.01 $14.91 $16.11
Ending AUV $13.80 $14.88 $15.31 $16.65 $15.01 $14.91
Ending number of AUs (000s) — 4 4 — — —
Power Income Portfolio
Beginning AUV $11.50 $10.68 $11.04 $10.81 $10.36 $10.70
Ending AUV $10.81 $11.50 $10.68 $11.04 $10.81 $10.36
Ending number of AUs (000s) — — — — — —
Power Momentum Portfolio
Beginning AUV $20.30 $18.82 $19.33 $15.99 $15.17 $15.53
Ending AUV $20.06 $20.30 $18.82 $19.33 $15.99 $15.17
Ending number of AUs (000s) — — — — — —
Probabilities Portfolio
Beginning AUV $13.84 $10.35 $12.25 $10.59 $10.35 $10.77
Ending AUV $12.70 $13.84 $10.35 $12.25 $10.59 $10.35
Ending number of AUs (000s) — — — — — —
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Rational Trend Aggregation VA Portfolio (inception date May 1, 2019)
Beginning AUV $10.04 $10.00 N/A N/A N/A N/A
Ending AUV $10.16 $10.04 N/A N/A N/A N/A
Ending number of AUs (000s) — — N/A N/A N/A N/A
TOPS Aggressive Growth ETF- Class 2 (inception date May 1, 2019)
Beginning AUV $10.82 $10.00 N/A N/A N/A N/A
Ending AUV $12.20 $10.82 N/A N/A N/A N/A
Ending number of AUs (000s) — — N/A N/A N/A N/A
TOPS Balanced ETF- Class 2 (inception May 1, 2019)
Beginning AUV $10.65 $10.00 N/A N/A N/A N/A
Ending AUV $11.55 $10.65 N/A N/A N/A N/A
Ending number of AUs (000s) — — N/A N/A N/A N/A
TOPS Conservative ETF- Class 2
Beginning AUV $13.92 $12.46 $12.80 $11.98 $11.32 $11.78
Ending AUV $14.90 $13.92 $12.46 $12.80 $11.98 $11.32
Ending number of AUs (000s) — — — — — —
TOPS Growth ETF- Class 2 (inception May 1, 2019)
Beginning AUV $10.79 $10.00 N/A N/A N/A N/A
Ending AUV $12.05 $10.79 N/A N/A N/A N/A
Ending number of AUs (000s) — — N/A N/A N/A N/A
TOPS Managed Risk Balanced ETF- Class 2
Beginning AUV $14.68 $12.81 $13.64 $12.33 $11.61 $12.50
Ending AUV $15.54 $14.68 $12.81 $13.64 $12.33 $11.61
Ending number of AUs (000s) 14 — — — — —
TOPS Managed Risk Growth ETF- Class 2
Beginning AUV $14.32 $12.23 $13.40 $11.39 $10.79 $12.13
Ending AUV $15.06 $14.32 $12.23 $13.40 $11.39 $10.79
Ending number of AUs (000s) — — — — — —
TOPS Managed Risk Moderate Growth ETF- Class 2
Beginning AUV $15.43 $13.27 $14.30 $12.56 $11.82 $13.02
Ending AUV $16.35 $15.43 $13.27 $14.30 $12.56 $11.82
Ending number of AUs (000s) — — — — — —
TOPS Moderate Growth ETF- Class 2 (inception date May 1, 2019)
Beginning AUV $10.72 $10.00 N/A N/A N/A N/A
Ending AUV $11.86 $10.72 N/A N/A N/A N/A
Ending number of AUs (000s) — — N/A N/A N/A N/A
PIMCO VARIABLE INSURANCE TRUST:
All Asset Portfolio
Beginning AUV $19.16 $17.12 $18.10 $15.94 $14.12 $15.90
Ending AUV $20.69 $19.16 $17.12 $18.10 $15.94 $14.12
Ending number of AUs (000s) 2 1 — — — 3
CommodityRealReturn Strategy Portfolio
Beginning AUV $6.65 $5.97 $6.95 $6.80 $5.91 $7.88
Ending AUV $6.74 $6.65 $5.97 $6.95 $6.80 $5.91
Ending number of AUs (000s) 4 5 6 8 4 4
Dynamic Bond Portfolio
Beginning AUV $12.47 $11.89 $11.77 $11.20 $10.70 $10.93
Ending AUV $13.07 $12.47 $11.89 $11.77 $11.20 $10.70
Ending number of AUs (000s) 1 2 39 5 3 2
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Emerging Markets Bond Portfolio
Beginning AUV $22.58 $19.67 $20.65 $18.79 $16.58 $17.69
Ending AUV $24.09 $22.58 $19.67 $20.65 $18.79 $16.58
Ending number of AUs (000s) 14 15 13 16 10 8
Global Bond Opportunities Unhedged Portfolio
Beginning AUV $17.28 $16.28 $17.00 $15.65 $15.04 $15.56
Ending AUV $19.03 $17.28 $16.28 $17.00 $15.65 $15.04
Ending number of AUs (000s) 7 6 2 2 2 —
Global Core Bond Hedged Portfolio
Beginning AUV $11.65 $10.80 $10.68 $10.25 $9.59 $10.04
Ending AUV $12.59 $11.65 $10.80 $10.68 $10.25 $9.59
Ending number of AUs (000s) — — — — — —
Global Managed Asset Allocation Portfolio
Beginning AUV $13.82 $11.81 $12.49 $10.95 $10.52 $11.27
Ending AUV $16.15 $13.82 $11.81 $12.49 $10.95 $10.52
Ending number of AUs (000s) — — 2 2 — —
High Yield Portfolio
Beginning AUV $22.96 $20.01 $20.56 $19.28 $17.15 $18.04
Ending AUV $24.28 $22.96 $20.01 $20.56 $19.28 $17.15
Ending number of AUs (000s) 17 19 16 10 1 —
Income Portfolio (inception date May 2, 2016)
Beginning AUV $12.43 $11.45 $11.40 $10.55 $10.00 N/A
Ending AUV $13.24 $12.43 $11.45 $11.40 $10.55 N/A
Ending number of AUs (000s) 292 343 89 60 22 —
International Bond Unhedged Portfolio
Beginning AUV $14.57 $13.62 $14.18 $12.80 $12.42 $13.24
Ending AUV $16.14 $14.57 $13.62 $14.18 $12.80 $12.42
Ending number of AUs (000s) — — 1 — — —
International Bond US Dollar-Hedged Portfolio
Beginning AUV $20.77 $19.41 $19.01 $18.50 $17.37 $17.79
Ending AUV $21.93 $20.77 $19.41 $19.01 $18.50 $17.37
Ending number of AUs (000s) 25 26 19 11 10 —
Long Term US Government Portfolio
Beginning AUV $23.55 $20.78 $21.29 $19.54 $19.41 $20.62
Ending AUV $27.65 $23.55 $20.78 $21.29 $19.54 $19.41
Ending number of AUs (000s) 18 5 5 5 6 —
Low Duration Portfolio
Beginning AUV $14.87 $14.30 $14.25 $14.06 $13.87 $13.98
Ending AUV $15.32 $14.87 $14.30 $14.25 $14.06 $13.87
Ending number of AUs (000s) 95 71 14 21 21 16
Real Return Portfolio
Beginning AUV $17.08 $15.75 $16.11 $15.54 $14.77 $15.68
Ending AUV $19.08 $17.08 $15.75 $16.11 $15.54 $14.77
Ending number of AUs (000s) 72 18 18 18 13 1
Short Term Portfolio
Beginning AUV $14.08 $13.70 $13.49 $13.18 $12.87 $12.84
Ending AUV $14.40 $14.08 $13.70 $13.49 $13.18 $12.87
Ending number of AUs (000s) 70 99 90 23 11 2
Total Return Portfolio
Beginning AUV $20.00 $18.46 $18.56 $17.69 $17.23 $17.63
Ending AUV $21.73 $20.00 $18.46 $18.56 $17.69 $17.23
Ending number of AUs (000s) 213 86 70 97 65 23
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PROFUNDS VP:
Access VP High Yield Fund
Beginning AUV $18.56 $16.51 $16.61 $15.85 $14.54 $14.85
Ending AUV $18.55 $18.56 $16.51 $16.61 $15.85 $14.54
Ending number of AUs (000s) — — — — — —
Asia 30 Fund
Beginning AUV $13.43 $10.63 $13.06 $9.83 $9.77 $11.83
Ending AUV $18.20 $13.43 $10.63 $13.06 $9.83 $9.77
Ending number of AUs (000s) 1 12 13 — — —
Banks Fund
Beginning AUV $25.87 $18.96 $23.10 $19.59 $15.90 $15.52
Ending AUV $21.94 $25.87 $18.96 $23.10 $19.59 $15.90
Ending number of AUs (000s) — — — — — —
Basic Materials Fund
Beginning AUV $16.19 $13.75 $16.70 $13.58 $11.46 $13.50
Ending AUV $18.86 $16.19 $13.75 $16.70 $13.58 $11.46
Ending number of AUs (000s) — — — — 1 —
Bear Fund
Beginning AUV $2.33 $3.02 $2.90 $3.54 $4.07 $4.17
Ending AUV $1.73 $2.33 $3.02 $2.90 $3.54 $4.07
Ending number of AUs (000s) — — — — 41 —
Biotechnology Fund
Beginning AUV $38.21 $32.81 $35.19 $28.71 $33.97 $35.54
Ending AUV $44.09 $38.21 $32.81 $35.19 $28.71 $33.97
Ending number of AUs (000s) 1 — — — — —
Bull Fund
Beginning AUV $27.50 $21.34 $22.74 $19.05 $17.37 $17.65
Ending AUV $31.91 $27.50 $21.34 $22.74 $19.05 $17.37
Ending number of AUs (000s) — — — — — —
Consumer Goods Fund
Beginning AUV $24.83 $19.62 $23.03 $20.01 $19.33 $18.89
Ending AUV $32.54 $24.83 $19.62 $23.03 $20.01 $19.33
Ending number of AUs (000s) — — — — — —
Consumer Services Fund
Beginning AUV $34.07 $27.34 $27.17 $22.95 $22.03 $21.79
Ending AUV $43.73 $34.07 $27.34 $27.17 $22.95 $22.03
Ending number of AUs (000s) 2 2 3 — — —
Emerging Markets Fund
Beginning AUV $11.03 $8.88 $10.48 $7.86 $7.08 $8.82
Ending AUV $13.98 $11.03 $8.88 $10.48 $7.86 $7.08
Ending number of AUs (000s) 1 1 1 2 2 —
Europe 30 Fund
Beginning AUV $14.64 $12.43 $14.48 $12.09 $11.22 $12.80
Ending AUV $13.29 $14.64 $12.43 $14.48 $12.09 $11.22
Ending number of AUs (000s) — — — 2 — —
Falling U.S. Dollar Fund
Beginning AUV $6.91 $7.07 $7.55 $6.96 $7.39 $7.58
Ending AUV $7.24 $6.91 $7.07 $7.55 $6.96 $7.39
Ending number of AUs (000s) — — — — — —
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Financials Fund
Beginning AUV $24.80 $19.04 $21.25 $17.98 $15.59 $15.61
Ending AUV $24.36 $24.80 $19.04 $21.25 $17.98 $15.59
Ending number of AUs (000s) — 4 6 5 — —
Government Money Market Fund
Beginning AUV $10.13 $10.06 $10.02 $10.01 $10.01 $10.01
Ending AUV $10.14 $10.13 $10.06 $10.02 $10.01 $10.01
Ending number of AUs (000s) — 12 2 9 48 20
Health Care Fund
Beginning AUV $34.75 $29.11 $27.88 $23.05 $24.03 $24.69
Ending AUV $39.77 $34.75 $29.11 $27.88 $23.05 $24.03
Ending number of AUs (000s) — — 2 — — —
Industrials Fund
Beginning AUV $28.31 $21.69 $24.87 $20.32 $17.28 $18.11
Ending AUV $33.05 $28.31 $21.69 $24.87 $20.32 $17.28
Ending number of AUs (000s) 1 1 1 1 1 —
International Fund
Beginning AUV $14.09 $11.81 $14.02 $11.51 $11.62 $12.96
Ending AUV $14.78 $14.09 $11.81 $14.02 $11.51 $11.62
Ending number of AUs (000s) — — — — — —
Internet Fund
Beginning AUV $38.07 $32.25 $30.73 $22.59 $21.41 $18.99
Ending AUV $57.41 $38.07 $32.25 $30.73 $22.59 $21.41
Ending number of AUs (000s) 6 4 1 3 — —
Japan Fund
Beginning AUV $18.61 $15.51 $17.55 $14.82 $14.76 $15.62
Ending AUV $21.57 $18.61 $15.51 $17.55 $14.82 $14.76
Ending number of AUs (000s) 1 4 3 3 — —
Large-Cap Growth Fund
Beginning AUV $32.09 $24.89 $25.37 $20.25 $19.28 $19.00
Ending AUV $42.01 $32.09 $24.89 $25.37 $20.25 $19.28
Ending number of AUs (000s) 14 32 — 9 — —
Large-Cap Value Fund
Beginning AUV $24.63 $18.98 $21.23 $18.72 $16.22 $17.03
Ending AUV $24.61 $24.63 $18.98 $21.23 $18.72 $16.22
Ending number of AUs (000s) — — — — — —
Mid-Cap Fund
Beginning AUV $23.55 $19.07 $21.88 $19.29 $16.32 $17.79
Ending AUV $26.09 $23.55 $19.07 $21.88 $19.29 $16.32
Ending number of AUs (000s) 3 3 4 2 1 —
Mid-Cap Growth Fund
Beginning AUV $25.78 $20.75 $23.58 $19.93 $17.66 $18.65
Ending AUV $31.17 $25.78 $20.75 $23.58 $19.93 $17.66
Ending number of AUs (000s) — — — — — —
Mid-Cap Value Fund
Beginning AUV $23.57 $18.99 $21.91 $19.81 $15.93 $17.76
Ending AUV $24.11 $23.57 $18.99 $21.91 $19.81 $15.93
Ending number of AUs (000s) 4 5 1 1 — —
NASDAQ-100 Fund
Beginning AUV $40.42 $29.57 $30.13 $23.11 $21.96 $20.92
Ending AUV $58.84 $40.42 $29.57 $30.13 $23.11 $21.96
Ending number of AUs (000s) 3 1 9 — 1 —
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Oil & Gas Fund
Beginning AUV $10.47 $9.65 $12.09 $12.49 $10.06 $13.53
Ending AUV $6.86 $10.47 $9.65 $12.09 $12.49 $10.06
Ending number of AUs (000s) — — — — — —
Pharmaceuticals Fund
Beginning AUV $24.86 $21.80 $23.24 $21.06 $21.88 $22.38
Ending AUV $27.98 $24.86 $21.80 $23.24 $21.06 $21.88
Ending number of AUs (000s) — — — — — —
Precious Metals Fund
Beginning AUV $5.62 $3.85 $4.45 $4.23 $2.71 $4.30
Ending AUV $6.98 $5.62 $3.85 $4.45 $4.23 $2.71
Ending number of AUs (000s) 5 68 19 — — —
Real Estate Fund
Beginning AUV $22.65 $17.87 $18.95 $17.54 $16.59 $16.76
Ending AUV $21.23 $22.65 $17.87 $18.95 $17.54 $16.59
Ending number of AUs (000s) — — — — — —
Rising Rates Opportunity Fund
Beginning AUV $2.97 $3.60 $3.45 $3.92 $4.13 $3.84
Ending AUV $2.18 $2.97 $3.60 $3.45 $3.92 $4.13
Ending number of AUs (000s) — — — — — —
Semiconductor Fund
Beginning AUV $39.52 $26.38 $29.39 $21.68 $16.98 $17.20
Ending AUV $57.24 $39.52 $26.38 $29.39 $21.68 $16.98
Ending number of AUs (000s) 3 2 2 2 — —
Short Emerging Markets Fund
Beginning AUV $5.32 $6.73 $5.98 $8.28 $9.89 $8.42
Ending AUV $3.63 $5.32 $6.73 $5.98 $8.28 $9.89
Ending number of AUs (000s) — — — — — —
Short International Fund
Beginning AUV $4.42 $5.35 $4.64 $5.84 $6.21 $5.89
Ending AUV $3.67 $4.42 $5.35 $4.64 $5.84 $6.21
Ending number of AUs (000s) — — — — — —
Short Mid-Cap Fund
Beginning AUV $2.56 $3.24 $2.92 $3.43 $4.30 $4.16
Ending AUV $1.88 $2.56 $3.24 $2.92 $3.43 $4.30
Ending number of AUs (000s) — — — — — —
Short NASDAQ-100 Fund
Beginning AUV $1.46 $2.02 $2.08 $2.79 $3.10 $3.42
Ending AUV $0.83 $1.46 $2.02 $2.08 $2.79 $3.10
Ending number of AUs (000s) — — — — — —
Short Small-Cap Fund
Beginning AUV $2.26 $2.86 $2.59 $3.02 $3.85 $3.67
Ending AUV $1.54 $2.26 $2.86 $2.59 $3.02 $3.85
Ending number of AUs (000s) — — — — — —
Small Cap Fund
Beginning AUV $22.34 $18.08 $20.75 $18.46 $15.42 $17.07
Ending AUV $26.15 $22.34 $18.08 $20.75 $18.46 $15.42
Ending number of AUs (000s) 2 2 — — — —
Small-Cap Growth Fund
Beginning AUV $28.28 $23.74 $25.19 $22.30 $18.55 $19.27
Ending AUV $33.20 $28.28 $23.74 $25.19 $22.30 $18.55
Ending number of AUs (000s) 1 1 5 5 — —
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Small-Cap Value Fund
Beginning AUV $23.17 $18.90 $22.04 $20.09 $15.60 $17.06
Ending AUV $23.42 $23.17 $18.90 $22.04 $20.09 $15.60
Ending number of AUs (000s) 1 1 1 1 1 —
Technology Fund
Beginning AUV $38.02 $26.19 $26.80 $19.83 $17.65 $17.31
Ending AUV $55.06 $38.02 $26.19 $26.80 $19.83 $17.65
Ending number of AUs (000s) — — — — — —
Telecommunications Fund
Beginning AUV $16.61 $14.48 $17.05 $17.42 $14.32 $14.49
Ending AUV $17.14 $16.61 $14.48 $17.05 $17.42 $14.32
Ending number of AUs (000s) — 1 1 1 — —
U.S. Government Plus Fund
Beginning AUV $19.53 $16.52 $17.47 $15.96 $16.01 $18.10
Ending AUV $23.58 $19.53 $16.52 $17.47 $15.96 $16.01
Ending number of AUs (000s) — — — — — —
UltraBull Fund
Beginning AUV $60.94 $38.05 $45.03 $31.93 $26.92 $28.19
Ending AUV $73.02 $60.94 $38.05 $45.03 $31.93 $26.92
Ending number of AUs (000s) — — — — — —
UltraMid-Cap Fund
Beginning AUV $46.38 $31.38 $42.85 $33.26 $24.11 $28.75
Ending AUV $48.80 $46.38 $31.38 $42.85 $33.26 $24.11
Ending number of AUs (000s) — — — 2 — —
UltraNASDAQ-100 Fund
Beginning AUV $128.31 $71.42 $79.03 $46.95 $43.22 $39.80
Ending AUV $239.05 $128.31 $71.42 $79.03 $46.95 $43.22
Ending number of AUs (000s) — — — — — —
UltraShort NASDAQ-100 Fund
Beginning AUV $0.22 $0.44 $0.49 $0.90 $1.12 $1.40
Ending AUV $0.06 $0.22 $0.44 $0.49 $0.90 $1.12
Ending number of AUs (000s) — — — — — —
UltraSmall-Cap Fund
Beginning AUV $38.63 $26.22 $35.89 $28.67 $20.54 $25.41
Ending AUV $44.96 $38.63 $26.22 $35.89 $28.67 $20.54
Ending number of AUs (000s) — — — — 8 —
Utilities Fund
Beginning AUV $26.78 $21.79 $21.18 $19.15 $16.64 $16.74
Ending AUV $26.14 $26.78 $21.79 $21.18 $19.15 $16.64
Ending number of AUs (000s) 1 1 — — — —
PUTNAM VARIABLE TRUST:
Diversified Income Fund
Beginning AUV $14.25 $12.81 $12.93 $12.07 $11.45 $11.66
Ending AUV $14.12 $14.25 $12.81 $12.93 $12.07 $11.45
Ending number of AUs (000s) 3 3 4 3 — —
High Yield Fund
Beginning AUV $16.82 $14.70 $15.33 $14.33 $12.40 $13.56
Ending AUV $17.69 $16.82 $14.70 $15.33 $14.33 $12.40
Ending number of AUs (000s) 6 4 — 35 — —
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  2020 2019 2018 2017 2016 2015
Income Fund
Beginning AUV $15.06 $13.46 $13.43 $12.72 $12.47 $12.89
Ending AUV $15.92 $15.06 $13.46 $13.43 $12.72 $12.47
Ending number of AUs (000s) 36 21 5 6 3 4
International Value Fund (inception May 1, 2020)
Beginning AUV $10.00 N/A N/A N/A N/A N/A
Ending AUV $13.62 N/A N/A N/A N/A N/A
Ending number of AUs (000s) — N/A N/A N/A N/A N/A
Large Cap Value Fund
Beginning AUV $29.79 $22.85 $24.97 $21.02 $18.50 $19.52
Ending AUV $31.52 $29.79 $22.85 $24.97 $21.02 $18.50
Ending number of AUs (000s) 22 25 21 19 6 5
Mortgage Securities Fund
Beginning AUV $12.68 $11.20 $11.30 $11.08 $11.06 $11.25
Ending AUV $12.48 $12.68 $11.20 $11.30 $11.08 $11.06
Ending number of AUs (000s) — 11 3 — — —
Multi Asset Absolute Return Fund
Beginning AUV $11.34 $10.71 $11.62 $10.86 $10.78 $10.97
Ending AUV $10.50 $11.34 $10.71 $11.62 $10.86 $10.78
Ending number of AUs (000s) — — — — — —
Sustainable Leaders Fund (inception May 1, 2020)
Beginning AUV $10.00 N/A N/A N/A N/A N/A
Ending AUV $14.04 N/A N/A N/A N/A N/A
Ending number of AUs (000s) — N/A N/A N/A N/A N/A
REDWOOD INVESTMENT MANAGEMENT, LLC:
Managed Volatility Class I (inception May 1, 2019)
Beginning AUV $10.39 $10.00 N/A N/A N/A N/A
Ending AUV $11.52 $10.39 N/A N/A N/A N/A
Ending number of AUs (000s) — — N/A N/A N/A N/A
Managed Volatility Class N:
Beginning AUV $10.87 $10.87 $11.19 $10.41 $9.29 $9.83
Ending AUV $13.03 $11.82 $10.87 $11.19 $10.41 $9.29
Ending number of AUs (000s) 1 1 1 1 — —
ROYCE CAPITAL FUND:
Micro-Cap Portfolio
Beginning AUV $23.80 $19.91 $21.89 $20.81 $17.39 $19.96
Ending AUV $29.47 $23.80 $19.91 $21.89 $20.81 $17.39
Ending number of AUs (000s) 5 5 4 1 1 —
Small-Cap Portfolio
Beginning AUV $27.99 $23.59 $25.74 $24.42 $20.19 $23.51
Ending AUV $25.99 $27.99 $23.59 $25.74 $24.42 $20.19
Ending number of AUs (000s) 4 7 2 3 — —
T ROWE PRICE EQUITY SERIES, INC.:
Blue Chip Growth Portfolio II
Beginning AUV $41.06 $31.69 $31.18 $22.95 $22.83 $21.86
Ending AUV $54.99 $41.06 $31.69 $31.18 $22.95 $22.83
Ending number of AUs (000s) 66 47 33 32 19 14
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Equity Income Portfolio II
Beginning AUV $24.39 $19.35 $21.43 $18.52 $15.58 $16.77
Ending AUV $24.63 $24.39 $19.35 $21.43 $18.52 $15.58
Ending number of AUs (000s) 4 3 4 2 1 —
Health Sciences Portfolio II
Beginning AUV $64.25 $49.95 $49.52 $38.90 $43.57 $44.78
Ending AUV $83.05 $64.25 $49.95 $49.52 $38.90 $43.57
Ending number of AUs (000s) 11 6 9 2 — —
T ROWE PRICE FIXED INCOME SERIES, INC.:
Limited-Term Bond Portfolio II
Beginning AUV $12.89 $12.38 $12.27 $12.17 $12.03 $12.10
Ending AUV $13.46 $12.89 $12.38 $12.27 $12.17 $12.03
Ending number of AUs (000s) 27 57 45 3 3 —
THIRD AVENUE VARIABLE SERIES TRUST:
Value Portfolio
Beginning AUV $16.15 $14.36 $18.02 $15.87 $14.14 $15.85
Ending AUV $15.76 $16.15 $14.36 $18.02 $15.87 $14.14
Ending number of AUs (000s) — — — — — —
TIMOTHY PLAN VARIABLE SERIES:
Conservative Growth Portfolio
Beginning AUV $15.15 $13.09 $14.35 $13.13 $12.40 $13.14
Ending AUV $16.40 $15.15 $13.09 $14.35 $13.13 $12.40
Ending number of AUs (000s) — — — — — —
Strategic Growth Portfolio
Beginning AUV $16.25 $13.57 $15.40 $13.74 $13.02 $14.03
Ending AUV $17.75 $16.25 $13.57 $15.40 $13.74 $13.02
Ending number of AUs (000s) 1 1 1 — — —
VANECK VIP TRUST:
Emerging Markets Fund
Beginning AUV $33.22 $25.44 $33.24 $22.01 $21.99 $27.71
Ending AUV $38.95 $33.22 $25.44 $33.24 $22.01 $21.99
Ending number of AUs (000s) 15 14 15 32 14 10
Emerging Markets Bond Fund
Beginning AUV $15.45 $13.72 $14.62 $13.02 $12.24 $14.08
Ending AUV $16.83 $15.45 $13.72 $14.62 $13.02 $12.24
Ending number of AUs (000s) — — 2 1 — —
Global Gold Fund
Beginning AUV $10.54 $7.59 $9.10 $8.07 $5.45 $7.27
Ending AUV $14.60 $10.54 $7.59 $9.10 $8.07 $5.45
Ending number of AUs (000s) 2 — 6 6 7 —
Global Resources Fund
Beginning AUV $17.00 $15.20 $21.19 $21.56 $15.00 $24.25
Ending AUV $20.25 $17.00 $15.20 $21.19 $21.56 $15.00
Ending number of AUs (000s) 4 — — — 1 —
VANGUARD VARIABLE INSURANCE FUND:
Balanced Portfolio
Beginning AUV $16.33 $13.36 $13.87 $12.12 $10.94 $11.17
Ending AUV $18.02 $16.33 $13.36 $13.87 $12.12 $10.94
Ending number of AUs (000s) 249 280 188 211 96 12
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  2020 2019 2018 2017 2016 2015
Capital Growth Portfolio
Beginning AUV $21.42 $16.98 $17.22 $13.40 $12.12 $12.10
Ending AUV $25.10 $21.42 $16.98 $17.22 $13.40 $12.12
Ending number of AUs (000s) 66 59 68 77 35 18
Conservative Allocation Portfolio (inception date May 1, 2019)
Beginning AUV $10.71 $10.00 N/A N/A N/A N/A
Ending AUV $11.93 $10.71 N/A N/A N/A N/A
Ending number of AUs (000s) 44 9 N/A N/A N/A N/A
Diversified Value Portfolio
Beginning AUV $15.47 $12.34 $13.61 $12.06 $10.70 $11.09
Ending AUV $17.25 $15.47 $12.34 $13.61 $12.06 $10.70
Ending number of AUs (000s) 59 24 34 52 46 28
Equity Income Portfolio
Beginning AUV $17.64 $14.21 $15.15 $12.85 $11.19 $11.24
Ending AUV $18.17 $17.64 $14.21 $15.15 $12.85 $11.19
Ending number of AUs (000s) 135 135 86 74 32 —
Equity Index Portfolio
Beginning AUV $19.35 $14.78 $15.51 $12.78 $11.46 $11.53
Ending AUV $22.82 $19.35 $14.78 $15.51 $12.78 $11.46
Ending number of AUs (000s) 249 214 183 174 110 22
Global Bond Index Portfolio (inception May 1, 2019)
Beginning AUV $10.50 $10.00 N/A N/A N/A N/A
Ending AUV $11.18 $10.50 N/A N/A N/A N/A
Ending number of AUs (000s) 19 13 N/A N/A N/A N/A
Growth Portfolio
Beginning AUV $21.11 $15.81 $15.82 $12.11 $12.28 $11.92
Ending AUV $30.13 $21.11 $15.81 $15.82 $12.11 $12.28
Ending number of AUs (000s) 100 64 30 14 1 10
High Yield Bond Portfolio
Beginning AUV $13.57 $11.76 $12.12 $11.35 $10.22 $10.70
Ending AUV $14.30 $13.57 $11.76 $12.12 $11.35 $10.22
Ending number of AUs (000s) 110 112 54 79 14 2
International Portfolio
Beginning AUV $15.41 $11.77 $13.50 $9.49 $9.34 $10.24
Ending AUV $24.22 $15.41 $11.77 $13.50 $9.49 $9.34
Ending number of AUs (000s) 308 290 211 173 75 6
Mid Cap Index Portfolio
Beginning AUV $17.40 $13.33 $14.74 $12.41 $11.19 $11.91
Ending AUV $20.49 $17.40 $13.33 $14.74 $12.41 $11.19
Ending number of AUs (000s) 125 100 61 39 12 11
Moderate Allocation Portfolio (inception May 1, 2019)
Beginning AUV $10.80 $10.00 N/A N/A N/A N/A
Ending AUV $12.25 $10.80 N/A N/A N/A N/A
Ending number of AUs (000s) — — N/A N/A N/A N/A
REIT Index Portfolio
Beginning AUV $18.06 $14.06 $14.89 $14.24 $13.18 $13.10
Ending AUV $17.14 $18.06 $14.06 $14.89 $14.24 $13.18
Ending number of AUs (000s) 76 74 60 48 45 17
Short-Term Investment Grade Portfolio
Beginning AUV $11.34 $10.76 $10.68 $10.48 $10.23 $10.27
Ending AUV $11.94 $11.34 $10.76 $10.68 $10.48 $10.23
Ending number of AUs (000s) 676 392 300 260 95 23
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  2020 2019 2018 2017 2016 2015
Small Company Growth Portfolio
Beginning AUV $16.77 $13.12 $14.19 $11.52 $10.05 $11.00
Ending AUV $20.61 $16.77 $13.12 $14.19 $11.52 $10.05
Ending number of AUs (000s) 33 42 43 18 2 —
Total Bond Market Index Portfolio
Beginning AUV $12.03 $11.09 $11.14 $10.79 $10.55 $10.76
Ending AUV $12.91 $12.03 $11.09 $11.14 $10.79 $10.55
Ending number of AUs (000s) 883 697 400 338 208 63
Total International Stock Market Index Portfolio (inception date May 1, 2019)
Beginning AUV $10.76 $10.00 N/A N/A N/A N/A
Ending AUV $11.94 $10.76 N/A N/A N/A N/A
Ending number of AUs (000s) 99 25 N/A N/A N/A N/A
Total Stock Market Index Portfolio
Beginning AUV $18.76 $14.38 $15.23 $12.62 $11.24 $11.49
Ending AUV $22.56 $18.76 $14.38 $15.23 $12.62 $11.24
Ending number of AUs (000s) 416 342 231 171 76 60
VIRTUS VARIABLE INSURANCE TRUST
Duff & Phelps International Series
Beginning AUV $12.37 $10.43 $12.52 $10.80 $10.98 $12.84
Ending AUV $15.29 $12.37 $10.43 $12.52 $10.80 $10.98
Ending number of AUs (000s) — — — — — —
Duff & Phelps Real Estate Securities Series
Beginning AUV $22.87 $17.95 $19.20 $18.12 $16.96 $16.72
Ending AUV $22.52 $22.87 $17.95 $19.20 $18.12 $16.96
Ending number of AUs (000s) 5 5 5 2 1 1
Newfleet Multi-Sector Intermediate Bond Series
Beginning AUV $14.90 $13.49 $13.86 $12.99 $11.88 $12.38
Ending AUV $15.88 $14.90 $13.49 $13.86 $12.99 $11.88
Ending number of AUs (000s) 32 24 9 10 — —
WELLS FARGO ADVANTAGE VT FUNDS:
Discovery Fund
Beginning AUV $55.39 $39.84 $42.87 $33.20 $30.84 $33.58
Ending AUV $90.09 $55.39 $39.84 $42.87 $33.20 $30.84
Ending number of AUs (000s) 3 4 5 6 6 3
Opportunity Fund
Beginning AUV $37.78 $28.74 $30.95 $25.70 $22.90 $24.540
Ending AUV $45.72 $37.78 $28.74 $30.95 $25.70 $22.900
Ending number of AUs (000s) — — — — — —
WESTCHESTER CAPITAL
Merger Fund VL
Beginning AUV $13.34 $12.56 $11.73 $11.44 $11.16 $11.420
Ending AUV $14.32 $13.34 $12.56 $11.73 $11.44 $11.160
Ending number of AUs (000s) 32 25 61 23 14 9
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Jefferson National Life Insurance Company of New York
P.O. Box 36840
Louisville, Kentucky 40233
TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION
General Information
General Information Regarding Jefferson National Life Insurance Company of New York
Jefferson National Life of New York Annuity Account 1
Certain Federal Income Tax Consequences
Published Ratings
Administration
Annuity Provisions
Distribution
Arrangements Regarding Frequent Purchases and Redemptions
Financial Statements
Custodian
    
(cut along dotted line)
If you would like a free copy of the Statement of Additional Information (Form # JNLNY-MNTADV-SAI-1-0519) dated May 1, 2021 for this Prospectus, please complete this form, detach, and mail to the following address. Or, visit the website at www.nationwideadvisory.com:
Jefferson National Life Insurance Company of New York
Administrative Office
P.O. Box 36840
Louisville, Kentucky 40233
Please send me a free copy of the Statement of Additional Information for the Jefferson National Life of New York Annuity Account 1 (Monument Advisor NY) variable annuity at the following address:
Name:
Mailing Address:
Sincerely,
(Signature)
© 2020, Jefferson National Life Insurance Company of New York JNLNY-MNTADV-PROS-05-19

Monument Advisor SelectSM NY
Individual Variable Annuity
Issued by
Jefferson National Life Insurance Company of New York
through its
Jefferson National Life of New York Annuity Account 1
The date of this prospectus is May 1, 2021.
The contracts described in this prospectus are only available in the state of New York.
This prospectus describes the Monument Advisor SelectSM NY Individual Variable Annuity Contract (Contract) offered by Jefferson National Life Insurance Company of New York (Company, Jefferson National, We, Us, Our). This Contract provides for the accumulation of Contract Values on a variable basis and subsequent Annuity Payments on a fixed basis. The Contract charges no insurance fees other than the $20 per month Subscription Fee imposed during the Accumulation Period and Annuity Period. You also pay any applicable Low Cost Fund Platform Fees (as described below), as well as the fees of the Investment Portfolios you select and any Investment Advisor or financial professional you retain. Under the terms of the Contract, you may not enter the Annuity Period until thirteen (13) months from the date you purchase the Contract. Unless a previous Annuity Date is selected, Annuity Payments will automatically begin (for a ten year period certain) on the Maximum Maturity Date. For joint Annuitants, all provisions which are based on age are based on the age of the primary Annuitant.
Upon purchase of the Contract, you can access documents relating to the Contract and the Investment Portfolios electronically, or have them delivered to you in paper via U.S. mail at no extra charge. You may also elect to access certain documents electronically and have certain documents delivered via U.S. mail.
The Contract has a variety of investment options, which include several Sub-accounts that invest in the Investment Portfolios listed in "Appendix A – More Information About the Investment Portfolios." You can put your money in any of the Sub-accounts; certain restrictions may apply. We impose a Low Cost Fund Platform Fee on Contract Value invested in certain Sub-accounts. You can view, on our Website, the current prospectus of each Investment Portfolio, which includes information about each Investment Portfolio’s management fees and other expenses you will bear indirectly.
Money you put in a Sub-account is invested exclusively in a single Investment Portfolio. Your investments in the Investment Portfolios are not guaranteed. You could lose your money.
Please read this prospectus before investing. You should keep it for future reference. It contains important information about the Contract.
To learn more about the Contract, you can obtain a copy of Our Statement of Additional Information (SAI) dated May 1, 2021. The SAI has been filed with the Securities and Exchange Commission (SEC) and is legally a part of this prospectus. The SEC has a Website (http:/www.sec.gov) that contains the SAI, material incorporated by reference, and other information regarding companies that file electronically with the SEC. The SAI’s Table of Contents is at the end of this prospectus.
For a free copy of the SAI, call Us at (866) 667-0561 or write Us at Our administrative office:
• Address for correspondence sent via U.S. Mail: P.O. Box 36840, Louisville, Kentucky 40233;
• Address for correspondence sent via courier or overnight mail: 10350 Ormsby Park Place, Louisville, KY 40223.
The Contracts:
• are not bank deposits
• are not federally insured
• are not endorsed by any bank or government agency
• are not guaranteed and may be subject to loss of principal
Summary prospectuses or prospectuses of the Investment Portfolios should be carefully read in conjunction with this prospectus before investing. You may obtain summary prospectuses or prospectuses of the Investment Portfolios on our Website or by contacting the Company at (866) 667-0561.

 

You should only rely on information contained in this prospectus or that we have referred you to. We have not authorized anyone to provide you with information that is different.
The Securities and Exchange Commission has not approved or disapproved these securities or determined if this prospectus is accurate or complete. Any representation to the contrary is a criminal offense.

 

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Definitions of Special Terms
Because of the complex nature of the Contract, We have used certain words or terms in this prospectus, which may need additional explanation. We have identified the following as some of these words or terms.
Accumulation Period: The period during which you invest money in your Contract.
Accumulation Unit: A measurement We use to calculate the value of the variable portion of your Contract during the Accumulation Period.
Advisor Fee: Any fee charged by any Investment Advisor or financial professional you hire and processed as such by the Company as a withdrawal from the Contract Value.
Annuitant(s): The natural person(s) on whose life (lives) We base Annuity Payments. On or after the Annuity Date, the Annuitant shall also include any joint Annuitant. In the event of joint Annuitants, the life of the primary Annuitant is used to determine Annuity Payments. If the Contract is owned by a non-natural Owner and joint Annuitants are named, the Death Benefit Amount will be calculated upon the death of the first Annuitant to die.
Annuity Date: The date on which Annuity Payments are to begin, as selected by you, or as required by the Contract or by state or federal law. If a prior date is not selected by you, the Annuity Date is the Maximum Maturity Date. For joint Annuitants all provisions are based on the age of the primary Annuitant.
Annuity Options: Income plans which can be elected to provide periodic Annuity Payments beginning on the Annuity Date.
Annuity Payments: Periodic income payments provided under the terms of one of the Annuity Options.
Annuity Period: The period during which We make income payments to you.
Beneficiary: The person(s) or entities, designated to receive any benefits under the Contract if you or, in the case of a non-natural Owner, the Annuitant dies.
Business Day: Generally, any day on which the New York Stock Exchange is open for trading. Our Business Day ends at the closing of regular trading on the New York Stock Exchange. Some of the Investment Options may impose earlier deadlines for trading. These deadlines are described in further detail under the heading "Transfers."
Code: The Internal Revenue Code of 1986, as amended.
Company: Jefferson National Life Insurance Company of New York, also referred to as Jefferson National, We, Us, and Our.
Contract: The Monument Advisor SelectSM NY individual variable annuity contract, which provides variable investment options offered by the Company.
Contract Anniversary: The anniversary of the Business Day you purchased the Contract.
Contract Value: Your Contract Value is the sum of amounts held under your Contract in the various Sub-accounts of the Separate Account.
Death Benefit Amount: The Death Benefit Amount is the amount payable to the Beneficiary upon the death of the Owner, or for a Contract owned by a non-natural person, the death of the Annuitant.
Due Proof of Death: When the Company receives both a death certificate and some other form of notice satisfactory to us, and your election in a form satisfactory to us for the payment method.
FINRA: Financial Industry Regulatory Authority, Inc.
Free Look Period: If you change your mind about owning the Contract, the Free Look Period is the period of time within which you may cancel your Contract. This period of time is 10 days from receipt, or 60 days if it is a Replacement Contract.
Insurance Charges: The Insurance Charges compensate Us for assuming certain insurance risks. The only Insurance Charge under the Contract is the Subscription Fee.
Investment Advisor: A registered investment adviser, an investment adviser who is exempt from registration with the Securities and Exchange Commission or other adviser selected by you.
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Investment Allocations of Record: The Investment Allocations of Record specify what percentage of each Purchase Payment is directed to the Sub-accounts you select.
Investment Options: The investment choices available to Owners. These choices include the Sub-accounts of the Separate Account.
Investment Portfolio(s): The variable Investment Options available under the Contract. Each Sub-account has its own investment objective and is invested in the underlying Investment Portfolio.
Jefferson National Service Center: The customer service department of the Company (P.O. Box 36840, Louisville, KY 40233. Phone number: 1-866-667-0561).
Joint Owner: The individual who co-owns the Contract with another person.
Low Cost Fund Platform Fee: Fee imposed by the Company on Contract Value invested in certain Sub-accounts that invest in low cost Investment Portfolios. This fee is assessed daily as part of the daily Accumulation Unit value calculation. See "Expenses – Low Cost Fund Platform Fee" for further details, including a list of the Sub-accounts for which the Company currently imposes the fee.
Maximum Maturity Date: The date on which the primary Annuitant attains age 100. For joint Annuitants, all provisions which are based on age are based on the age of the primary Annuitant.
Net Contract Value: An amount equal to the Contract Value reduced by the applicable portion of the Subscription Fee.
Non-Natural Owner: The trust or entity (e.g. CRT, Family Trust, Corporation, Other) that will own the Contract.
Non-Qualified Contract: A Contract purchased with after-tax dollars. These Contracts are not issued in conjunction with a pension plan, specially sponsored program or individual retirement account ("IRA").
Owner: You, the purchaser of the Contract, are the Owner.
Purchase Payment: The money you give Us to buy the Contract, as well as any additional money you give Us to invest in the Contract after you own it.
Qualified Contract: A Contract purchased with pretax dollars. These Contracts are generally purchased under a pension plan, specially sponsored program, or IRA.
Replacement Contract: A Contract purchased with the proceeds from another contract (a contract issued by the Company and/or another insurance company).
Secure Online Account: Your Secure Online Account is a password protected electronic account through which you can access personal documents relating to your Contract, such as transaction confirmations, periodic account statements and other personal correspondence. You create your Secure Online Account by going to our Website after you purchase the Contract and we maintain it for you on our Website thereafter.
Separate Account: Jefferson National Life of New York Annuity Account 1, which invests in the Investment Portfolios.
Sub-account: A segment within the Separate Account which invests in a single Investment Portfolio.
Subscription Fee: $20 per month fee charged by Us to issue and administer the Contract.
Tax Deferral: Benefit provided by an annuity under which earnings and appreciation on the Purchase Payments in your Contract are not taxed until you take them out of the Contract either in the form of a withdrawal, income payments or the payment of a death benefit.
Website: www.nationwideadvisory.com, which is the website of Jefferson National Life Insurance Company of New York. You may obtain information about your Contract and request certain transactions through the Website.
Highlights
The variable annuity Contract that We are offering is a Contract between you (the Owner, You or you) and Us (We, we, Us, us, Our, our). The Contract provides a way for you to invest on a tax-deferred basis in the Sub-accounts of the Separate Account. The Contract is intended to be used to accumulate money for retirement or other long-term Tax Deferral purposes.
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The Contract charges no insurance fees other than the monthly Subscription Fee imposed during the Accumulation Period and Annuity Period. You do pay any applicable Low Cost Fund Platform Fees for certain Sub-account allocations, as well as the fees of the Investment Portfolios you select and any Investment Advisor or financial professional you retain. We may enter into certain arrangements under which We are reimbursed by the Investment Portfolios’ advisers, distributors and/or affiliates for the administrative or distribution services which We provide to the Investment Portfolios.
The Contract includes a death benefit which is described in detail under the heading "Death Benefit."
All deferred annuity contracts, like the Contract, have two periods: the Accumulation Period and the Annuity Period. During the Accumulation Period, any earnings accumulate on a tax-deferred basis and are taxed as ordinary income when you make a withdrawal. The Annuity Period occurs when you begin receiving regular Annuity Payments from your Contract.
Under the terms of the Contract, you may not enter the Annuity Period until thirteen (13) months from the date you purchase the Contract.
You may only choose to receive Annuity Payments on a fixed basis. If you choose Annuity Payments, the amounts of the Annuity Payments are constant for the entire Annuity Period. Unless a previous Annuity Date is selected, Annuity Payments will automatically begin (for a ten year period certain) on the Maximum Maturity Date. For joint annuitants, all provisions are based on the age of the primary annuitant.
Free Look
If you change your mind about owning the Contract, you may cancel the Contract within 10 days after receiving it (or 60 days if it is a Replacement Contract) and We will cancel the Contract. Jefferson National deems this period as beginning on the date the Contract is posted to your Secure Online Account. If you elect to receive the Contract in paper, Jefferson National deems this period as ending 15 days after We mail the Contract, or 60 days if it is a Replacement Contract. On the day We receive your request We will return your Contract Value. This refund amount will be the Contract Value plus the amount of fees and other charges deducted from the Contract via redemption of Accumulation Units, if applicable, such as Subscription Fees. The amount refunded will not include any underlying fund charges or Contract fees that were assessed daily as part of the Accumulation Unit value calculation during the free look period. See "The Company - Free Look" section for additional details.
Tax Penalty
In general, the earnings in your Contract are not taxed until you take money out of your Contract. If you are younger than age 59 1/2 when you take money out, you may be charged a 10% federal tax penalty on the amount treated as income. For Non-Qualified Contracts, Annuity Payments during the Annuity Period are considered partly a return of your original investment. The part of each Annuity Payment that is a return of your investment is not taxable as income. Once you have recovered the full amount of your investment, however, the entire amount of your Annuity Payment will be taxable income to you. For Qualified Contracts, unless you had after-tax monies invested in the Contract, the full Annuity Payment is taxable. In such situations where you are already in a qualified plan, the Tax Deferral of the annuity does not provide additional benefits.
Document Delivery Requirements
Upon purchase of the Contract, you can access documents relating to the Contract and the Investment Portfolios electronically, or have them delivered to you in paper via U.S. mail at no extra charge. You may also elect to access certain documents electronically and have certain documents delivered via U.S. mail.
Regular and continuous Internet access is required to access electronically all documents relating to the Contract and the Investment Portfolios. You should consider electing and continue to receive documents electronically if you have regular and continuous Internet access. If you choose electronic delivery, and the delivery continues to fail after three attempts, We will automatically change your preferences going forward to receive the documents in paper via U.S. mail.
For Owners using electronic communications, current prospectuses and all required reports for the Contract and the Investment Portfolios are available on our Website. While we will notify you via email when a transaction pertaining to your Contract has occurred or a document impacting your Contract has been posted, you should visit the Website regularly. We post updated prospectuses for the Contract and the Investment Portfolios on our Website on or about May 1 of each year. Prospectuses may also be supplemented throughout the year and will be available on the Website, which you should visit regularly. We post Annual Reports and Semi-Annual Reports of the Investment Portfolios on our Website on or about March 1 and September 1, respectively, each year. For your reference, We archive out-of-date Contract prospectuses. You
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will not have electronic access through our Website to Investment Portfolio prospectuses or Annual and Semi-Annual Reports after We remove them from the Website. Accordingly, you should consider printing them before they are removed. Alternatively, We will provide copies of them upon request.
We will deliver all other documents electronically to your Secure Online Account. Checking your Secure Online Account regularly will give you an opportunity to prevent multiple fraudulent transactions. We deliver transaction confirmations at or before the completion of your transactions. We deliver account statements on a quarterly basis (that is, shortly after March 31, June 30, September 30 and December 31 of each year). Under certain circumstances, for Qualified Contracts, your account statement may serve as the confirmation for transactions you made during the quarter covered by the statement. Other correspondence may be delivered at any time.
We will allow you to have access to your Secure Online Account even after you revoke your consent to our electronic delivery of documents or surrender or exchange your Contract. However, We reserve the right to delete your Secure Online Account upon 30 days’ notice, which We will deliver to your Secure Online Account. Upon receipt of such a notice, you should consider printing the information held in your Secure Online Account. Upon request, We will provide paper copies of any deleted document.
We have no present intention of deleting documents from your Secure Online Account. If, however, We decide to do so, We will provide you with at least 30 days’ notice in your Secure Online Account so that you will have an opportunity to print the documents that are subject to deletion.
Low Cost Fund Platform Fee
The Company imposes a Low Cost Fund Platform Fee on amounts invested in certain Sub-accounts that invest in low cost Investment Portfolios. For further information, see "Expenses – Low Cost Fund Platform Fee."
Inquiries
If you need more information, please go to www.nationwideadvisory.com or contact Us at:
Jefferson National Life Insurance Company of New York
P.O. Box 36840
Louisville, Kentucky 40233
(866) 667-0561
Fee Tables
The following tables describe the fees and expenses that you will pay when buying, owning and surrendering the Contract. The first table describes the fees and expenses that you will pay at the time you buy the Contract, surrender the Contract, or transfer amounts between Investment Portfolios. State premium taxes may also be deducted.
Owner Transaction Expenses
Contingent Deferred Sales Charge (as a percentage of Purchase Payments withdrawn)   None  
Transfer Fee1   Current Charge:
None 		Maximum Charge:
$25.00
1 All transfers made on the same day involving the same Sub-account count as one transfer. Certain restrictions apply as further described under the heading "Transfers – Excessive Trading Limits" and "Transfers – Short Term Trading Risk."
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The next table describes the fees and expenses that you will pay periodically during the time that you own the Contract, not including the Investment Portfolios’ fees and expenses.
Separate Account Annual Expenses Table
    Current Charge Maximum Charge
Subscription Fee   $240.00 per Contract annually ($20.00 per month) $240.00 per Contract annually ($20.00 per month)
Separate Account Annual Expenses (as a percentage of Contract Value invested in the Investment Portfolios) Mortality and Expense Risk Charge   0.00% 0.00%
Administrative Charge   0.00% 0.00%
Total Separate Account Annual Expenses   $240.00 $240.00
Optional Low Cost Fund Platform
The next item shows the fee that you will pay, in addition to the Subscription Fee, and Investment Portfolio operating expenses, on Contract Value invested in certain Sub-accounts that invest in low cost Investment Portfolios. For further details, see "Expenses – Low Cost Fund Platform Fee."
    Minimum Annual Fee Maximum Annual Fee
Low Cost Fund Platform Fee (as a percentage of the average daily Contract Value allocated to the Sub-account)   0.05% 0.25%
Investment Portfolio Operating Expenses
The next table provides the minimum and maximum total operating expenses, as of December 31, 2020, charged by the Investment Portfolios that you may pay periodically during the life of the contract. More detail concerning each underlying Investment Portfolio’s fees and expenses is contained in the prospectus for each Investment Portfolio.
    Minimum Maximum
Total Investment Portfolio operating expenses
Expenses that are deducted from Investment Portfolio assets, including management fees, distribution and/or service (12b-1) fees, and other expenses for the period ended December 31, 2020.
Current and future total operating expenses of the Investment Portfolios could be higher or lower than those shown in the table. 		  Gross: 0.11% Gross: 3.50%
The minimum and maximum Investment Portfolio fund operating expenses indicated above do not reflect voluntary or contractual reimbursements and/or waivers applied to some Investment Portfolios. Therefore, actual expenses could be lower. Refer to the Investment Portfolio prospectuses for specific expense information. Additionally, the minimum and maximum underlying mutual fund operating expenses indicated above do not reflect the assessment of the Low Cost Fund Platform Fee, which is assessed by Us on certain Sub-account allocations. The Low Cost Fund Platform Fee may increase the cost of investing in certain Investment Portfolios beyond the minimum and maximum Investment Portfolio operating expenses reflected in the above table.
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Examples of Fees and Expenses
This Example is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity contracts. These costs include Owner transaction expenses, Subscription Fee, and Investment Portfolio fees and expenses.
The Example assumes that you invest $10,000 in the Contract for the time periods indicated and that your investment has a 5% return each year. Because there are no charges upon surrender or annuitization, your costs will be the same for the time periods shown whether you surrender, annuitize or continue to own the Contract. The Example does not reflect the assessment of the Low Cost Fund Platform Fee, which, if reflected, would result in higher expenses. For a description of the Low Cost Fund Platform Fee, see "Expenses – Low Cost Fund Platform Fee." The Subscription Fee for every Contract, regardless of size, is $240 annually, i.e. $20 per month. For this example, we used $20.00 per month as the Subscription Fee, but converted it to an asset based charge based on the average contract size of Jefferson National Life Insurance Company of New York as of the previous December 31. This conversion causes the Subscription Fee in the example below to be less than $240 annually. Although your actual costs may be higher or lower, based on these assumptions and those that follow, your costs would be:
Highest cost example using maximum charges:
(1) Assuming Contract charges and gross maximum Investment Portfolio operating expenses:
   
1 year 3 years 5 years 10 years
$356.76 $1,085.69 $1,835.65 $3,806.59
(2) Assuming Contract charges and gross minimum Investment Portfolio operating expenses:
   
1 year 3 years 5 years 10 years
$17.76 $55.90 $97.80 $221.57
Condensed Financial Information
Appendix B to this prospectus contains tables that show Accumulation Unit values and the number of Accumulation Units outstanding for each of the Sub-accounts of the Separate Account. The financial data included in the tables should be read in conjunction with the financial statements and the related notes that are in the Statement of Additional Information.
The Company
Jefferson National Life Insurance Company of New York was organized in 2014.
We are principally engaged in the life insurance and annuity business in the state of New York. We are a stock company organized under the laws of the state of New York and are a direct subsidiary of Jefferson National Life Insurance Company and an indirect subsidiary of Jefferson National Financial Corp.
Jefferson Financial Corp is ultimately owned by Nationwide Mutual Insurance Company and Nationwide Mutual Fire Insurance Company, which are engaged in general insurance and reinsurance business, except life insurance.
The obligations under the Contracts are obligations of Jefferson National Life Insurance Company of New York.
The Monument Advisor Select NY Variable Annuity Contract
This prospectus describes The Monument Advisor Select NY Variable Annuity Contract offered by Jefferson National. An annuity is a contract between you, the Owner, and Us. Until you decide to begin receiving Annuity Payments, your Contract is in the Accumulation Period. Once you begin receiving Annuity Payments, your Contract switches to the Annuity Period.
The Contract benefits from Tax Deferral. Tax-deferral means that you are not taxed on any earnings or appreciation on the assets in your Contract until you take money out of your Contract. The Contract may be issued in conjunction with certain plans qualifying for special income tax treatment under the Code. In that instance, you should be aware that this annuity will fund a retirement plan that already provides Tax Deferral under the Code. In such situations where you are already in a qualified plan, the Tax Deferral of the annuity does not provide additional benefits. In addition, you should be aware that there are fees and charges in an annuity that may not be included in other types of investments, which may be more or
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less costly. However, the fees and charges under the Contract are also designed to provide for certain annuity benefits and features other than Tax Deferral that may not be available through other investments. These features are explained in detail in this prospectus. You should consult with your tax or legal adviser to determine if the Contract is appropriate for your tax qualified plan.
The Contract is called a variable annuity because you can choose among several Investment Portfolios and, depending upon market conditions, you can make or lose money in any of these Investment Portfolios. The amount of money you are able to accumulate in your Contract during the Accumulation Period depends upon the investment performance of the Investment Portfolio(s) you select.
You may only choose to receive Annuity Payments on a fixed basis. If you choose Annuity Payments, the amounts of the Annuity Payments are constant for the entire Annuity Period.
Free Look
If you change your mind about owning the Contract, you can cancel it within 10 days after receiving it, or 60 days if it is a Replacement Contract. Investment Portfolio operating expenses and any Contract fees that are assessed daily as part of the Accumulation Unit value calculation will have been deducted. On the Business Day We receive your request We will return your Contract Value plus any fees and other charges deducted via redemption of Accumulation Units. The amount will not include any underlying fund charges that may have been imposed. Jefferson National deems this period as beginning on the date the Contract is posted to your Secure Online Account. If you elect to receive the Contract in paper, Jefferson National deems this period as ending 15 days after it mails a Contract, or 60 days if it is a Replacement Contract.
Owner. You, as the Owner of the Contract, have all the rights under the Contract. The Owner is as designated at the time the Contract is issued, unless changed. You can change the Owner at any time. A change will automatically revoke any prior Owner designation. You must notify Us in writing via fax or U.S. mail. We will not be liable for any payment or other action We take in accordance with the Contract before We receive notice of the change.
A change of Owner may be a taxable event.
Joint Owner. A Non-Qualified Contract can be owned by Joint Owners. Upon the death of either Joint Owner, the surviving Joint Owner will be the primary Beneficiary. Any other Beneficiary designation on record at the time of death will be treated as a contingent Beneficiary unless you have previously notified Us in writing via fax or U.S. mail or otherwise.
Beneficiary. The Beneficiary is the person(s) or entity you name to receive any Death Benefit Amount. The Beneficiary is named at the time the Contract is issued. If no Beneficiary is designated, your estate will be the Beneficiary. In the case of a non-natural Owner, and no Beneficiary is named, the default will be the Owner. Unless an irrevocable Beneficiary has been named, you can change the Beneficiary at any time before you die. We will not be liable for any payment or other action We take in accordance with the Contract before We receive notice of the change of Beneficiary.
Restricted Beneficiary. In accordance with Company procedures and applicable law, You may preselect a restricted stretch option that will force the Beneficiary to take required minimum distributions over the Beneficiary’s life expectancy. You can change this restricted option at any time before death. Upon death, the Beneficiary will not be permitted to change the selected option. If the Beneficiary predeceases you, the contingent beneficiary may choose a different death option as provided in your Contract.
Assignment
Subject to applicable law, you can assign the Contract at any time during the Contract Owner’s lifetime. We will not be bound by the assignment until We receive the written notice of the assignment. We will not be liable for any payment or other action We take in accordance with the Contract before We receive notice of the assignment.
An assignment may be a taxable event.
If the Contract is a Qualified Contract, there are limitations on your ability to assign the Contract.
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Electronic Administration of Your Contract
This Contract is designed to be administered electronically ("Electronic Administration"). You can access documents relating to the Contract and the Investment Portfolios online. If you consent to Electronic Administration, you will receive all documents electronically, unless you request, either at the time of application or later, to receive documents relating to the Contract by paper, via U.S. Mail at no extra charge.
If you elect Electronic Administration, you must have Internet access so that you can view your Secure Online Account and access all documents relating to the Contract and the Investment Portfolios. You should not elect Electronic Administration if you do not have Internet access. Although We will email you when a transaction relating to your Contract has occurred or a document impacting your Contract is posted, you should regularly check your Secure Online Account. There is no substitute for regularly checking your Secure Online Account. If you choose electronic delivery, and the delivery continues to fail after three attempts, We will automatically change your preferences going forward to receive the documents in paper via U.S. mail.
You may, however, elect to have documents related to your Contract also delivered via U.S. mail to your address of record at no extra charge. We may also continue to send documents to your Secure Online Account. You may revoke or reinstate your consent to electronic delivery anytime. You may do so by visiting the Website, by calling the Customer Service telephone number or by writing to the Jefferson National Service Center. Notification of change made via the Website will be effective immediately. Notification by telephone or U.S. mail will be processed as received, usually within two business days.
Current prospectuses and all required reports for the Contract and the Investment Portfolios are available on Our Website through your Secure Online Account. We post updated prospectuses for the Contract and the Investment Portfolios on Our Website on or about May 1 of each year. Prospectuses also may be supplemented throughout the year and will be available on the Website. We post Annual Reports and Semi-Annual Reports for the Investment Portfolios on Our Website on or about March 1 and September 1, respectively, each year. For your reference, We archive out-of-date Contract prospectuses. To the extent an archived Contract prospectus is no longer available on the Website, We will provide it upon request.
You will not have electronic access through Our Website to archived Investment Portfolio prospectuses or Annual and Semi-Annual Reports after We remove them from the Website. Accordingly, you should consider printing them before they are removed. Upon request, either before or after a prospectus is removed from the website, we will send you a paper copy of these documents via U.S. mail. Please note, irrespective of whether you have elected Electronic Administration, proxy statements for the Investment Portfolios will be provided to you via U.S. mail.
We will send all other documents related to your Contract to your Secure Online Account, including, but not limited to, transaction confirmations, periodic account statements and other personal correspondence. You create your Secure Online Account when you purchase the Contract and We maintain it for you on Our Website.
You will have access to your Secure Online Account even after you revoke your consent to Our electronic delivery of documents or surrender or exchange your Contract. However, We reserve the right to delete your Secure Online Account upon 30 days' notice, which We will deliver to your Secure Online Account. Upon receipt of such a notice, you should consider printing the information held in your Secure Online Account. Upon request, we will provide paper copies of any deleted document.
We have no present intention of deleting documents from your Secure Online Account. If, however, We decide to do so, We will provide you with at least 30 days' notice to your Secure Online Account so that you will have an opportunity to print the documents that are subject to deletion.
Confirmations and Statements
We will send a confirmation statement to your Secure Online Account, or by paper delivery via U.S. mail at no extra charge, each time you make a new Purchase Payment, a transfer among the Investment Portfolios, or a withdrawal. Generally, We deliver transaction confirmations at the completion of your transactions. However, the confirmation for a new Purchase Payment or transfer of Contract Value may be an individual confirmation or may be part of your next quarterly account statement. You should review your confirmation statements to ensure that your transactions are carried out correctly. If you fail to do so, you risk losing the opportunity to ask us to correct an erroneous transaction. We deliver account statements to your Secure Online Account on a quarterly basis (that is, shortly after March 31, June 30, September 30 and December 31 of each year), or in paper via U.S. mail if you have withdrawn your consent to Electronic Administration or otherwise request a specific confirmation or statement. Under certain circumstances for Qualified
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Contracts, your account statement may serve as the confirmation for transactions you made during the quarter covered by the statement. Other correspondence may be delivered at any time. If you have questions, you can either go to Our Website and click on "Contact Us" for secure online correspondence or you can e-mail Us at service@nationwideadvisory.com or call Us at (866) 667-0561.
Requesting Transactions or Obtaining Information About your Contract
You may request transactions or obtain information about your Contract by submitting a request to Us in writing via fax or U.S. mail. Subject to Our administrative rules and procedures, We may also allow you to submit a request through other means.
Telephone and Website Transactions. You can elect to request certain transactions and receive information about your Contract by telephone or through our Website (www.nationwideadvisory.com). All transaction requests are processed subject to Our administrative rules and procedures.
We will accept transaction requests from your Investment Advisor or financial professional upon your written request. You can also authorize someone else, via submitting a power of attorney in good order (complete with required signatures), to request transactions for you. If you own the Contract with a Joint Owner, We will accept instructions from and provide information to either you or the Joint Owner.
We will use reasonable procedures to confirm that instructions given to Us by telephone are genuine and will not be liable for following instructions that are reasonably determined to be genuine. All telephone calls will be recorded and the caller will be asked to produce correct identifying information before We will accept the telephone transaction. We will post confirmations of all transactions, statements and other correspondence to your Secure Online Account. We will not send these to you in paper, unless you have elected to receive paper documents via U.S. mail. If We fail to use such procedures We may be liable for any losses due to unauthorized or fraudulent instructions.
Telephone and computer systems may not always be available. Any telephone system or computer can experience outages or slowdowns for a variety of reasons. The outages or slowdowns could prevent or delay processing. Although We have taken precautions to prevent such outages or slowdowns, it is still possible to incur an outage or delay. To avoid technical difficulties, submit transactions by mail.
Security of Electronic Communications With Us. Our Website uses generally accepted and available encryption software and protocols, including Secure Socket Layer. This is to prevent unauthorized people from eavesdropping or intercepting information you send or receive from Us via the website. This may require that you use certain readily available versions of web browsers. As new security software or other technology becomes available, We may enhance Our systems.
You will be required to provide your user ID and password to access your Secure Online Account and perform transactions on Our Website. Do not share your password with anyone else. We will honor instructions from any person who provides correct identifying information, and We may not be responsible for fraudulent transactions We believe to be genuine based on these procedures. Accordingly, you may bear the risk of loss if unauthorized persons conduct any transaction on your behalf. You can reduce this risk by checking your Secure Online Account regularly which will give you an opportunity to prevent multiple fraudulent transactions.
Avoid using passwords that can be guessed and consider changing your password frequently. Our employees or representatives will not ask you for your password. It is your responsibility to review your Secure Online Account and to notify Us promptly of any unauthorized or unusual activity. We only honor instructions from someone logged into Our secure Website using a valid user ID and password.
We cannot guarantee the privacy or reliability of e-mail, so We will not honor requests for transfers or changes received by e-mail, nor will We send sensitive account information through unsecured e-mail. All transfers or changes should be made through Our secure Website or secure file share portal. If you want to ensure that Our encryption system is operating properly, go to the icon that looks like a "locked padlock." This shows that encryption is working between your browser and Our web server. You can click or double-click on the padlock to get more information about the server. When you click the "view certificate" button (in FireFox) or the "subject" section (in Internet Explorer), you should see "Nationwide Mutual Insurance Co." listed as the owner of the server you are connected to. This confirms that you are securely connected to Our server.
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Risks Associated with COVID-19
In March 2020, the World Health Organization declared the COVID-19 outbreak a pandemic, which has resulted in operational disruptions, as well as market volatility and general economic uncertainty. While Jefferson National has implemented risk management and contingency plans and taken preventative measures and other precautions so it can continue to provide products and services to its customers, even as many of its employees and the employees of its service providers continue to work remotely, it is not currently possible to accurately estimate the full impact that the COVID-19 pandemic will have on Jefferson National’s businesses as Jefferson National continues to be subject to certain risks that could negatively impact its operations.
Significant market volatility and negative investment returns in the market resulting from the COVID-19 pandemic could have a negative impact on returns of the underlying mutual funds in which the variable account invests. Additionally, prolonged current economic conditions, consumer behavior, economic shutdowns, state and federal legislation intended to ease the impact of the COVID-19 pandemic on consumers and voluntary hardship assistance that Jefferson National provides to its customers, among other factors related to COVID-19, could affect the amount of sales and profitability of Jefferson National’s businesses and could have a negative impact on its financial condition and operations.
While Jefferson National is confident in its ability to manage the financial risks related to COVID-19, the extent and duration or the risks related to the COVID-19 pandemic are unknown at this time. It is possible these risks could impact Jefferson National’s financial strength and claims-paying ability. There are many factors beyond Jefferson National’s control that cannot be mitigated or foreseen that could have a negative impact on Jefferson National and the operation of the contract. Jefferson National continues to monitor the economic situation and assess its impact on its business operations closely.
Business Continuity Risks
Jefferson National is exposed to risks related to natural and man-made disasters and catastrophes, such as storms, fires, earthquakes, public health crises and terrorist acts, which could adversely affect Jefferson National’s ability to administer the contracts. Natural and man-made disasters may require a significant contingent of Jefferson National’s employees to work from remote locations. During these periods, Jefferson National could experience decreased productivity, and a significant number of Jefferson National’s workforce or certain key personnel may be unable to fulfill their duties if Jefferson National’s data or systems are disabled or destroyed. In addition, an extended period of remote work arrangements could introduce operational risk and impair Jefferson National’s ability to administer the contract.
Jefferson National outsources certain critical business functions to third parties and, in the event of a natural or man-made disaster, relies upon the successful implementation and execution of the business continuity planning of such entities. While Jefferson National closely monitors the business continuity activities of these third parties, successful implementation and execution of their business continuity strategies are largely beyond Jefferson National’s control. If one or more of the third parties to whom Jefferson National outsources such critical business functions experience operational failures, Jefferson National’s ability to administer the contract could be impaired.
Beneficially Owned Contracts
A beneficially owned contract is a Contract that is inherited or purchased by a Beneficiary and the Beneficiary holds the Contract as a Beneficiary (as opposed to treating the Contract as his/her own) to facilitate the distribution of a death benefit or contract value in accordance with the applicable federal tax laws. An owner of a beneficially owned contract is referred to as a "beneficial owner."
There are two types of beneficially owned contracts, a "continued beneficially owned contract" and a "purchased beneficially owned contract." A continued beneficially owned contract is when a Beneficiary inherits a Contract and continues that Contract as a beneficial owner. A "purchased beneficially owned contract" is when a Beneficiary purchases a new Contract using a death benefit or contract value that the Beneficiary inherited under a different annuity Contract.
Not all options and features described in this prospectus are available to beneficially owned contracts:
• Subsequent purchase payments are not permitted under any beneficially owned contract.
• No optional benefits are permitted under any beneficially owned contract, except that a purchased beneficially owned contract may elect an optional death benefit.
• A beneficial owner must be both the Contract Owner and the Annuitant of a beneficially owned contract, and no additional parties may be named.
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• No changes to the parties will be permitted on any beneficially owned contract, except that a beneficial owner may request changes to their successor Beneficiary(ies).
• Beneficially owned contracts cannot be assigned, except that a beneficial owner may assign rights to the distribution payments.
There is no death benefit payable on a on a continued beneficially owned contract. After the death of the beneficial owner, any remaining death benefit or Contract value to be distributed will be payable to a successor Beneficiary in accordance with applicable federal tax laws.
A Beneficiary who is the surviving spouse of a contract owner has the option under the tax laws to continue the Contract as the sole contract owner and treat the Contract as the spouse’s own. If a spouse continues the Contract as the sole contract owner, the spouse will not be treated as a beneficial owner and this section will not apply.
Good Order
A request or transaction generally is considered in good order if it complies with our administrative procedures and the required information is complete and accurate. A request or transaction may be rejected or delayed if not in good order. Good order generally means the actual receipt by us of the instructions relating to the requested transaction in writing (or, when permitted, by telephone or Internet) along with all forms, information and supporting legal documentation necessary to effect the transaction. This information and documentation generally includes to the extent applicable to the transaction: your completed application; your Contract number; the transaction amount (in dollars or percentage terms); the names and allocations to and/or from the Investment Portfolios affected by the requested transaction; the signatures of all Contract Owners (exactly as indicated on the Contract), if necessary; Social Security Number or Tax I.D.; and any other information or supporting documentation that we may require, including any spousal or Joint Owner's consents. With respect to Purchase Payments, good order also generally includes receipt by us of sufficient funds to effect the purchase. We may, in our sole discretion, determine whether any particular transaction request is in good order, and we reserve the right to change or waive any good order requirement at any time. If you have any questions, you should contact us or your Investment Advisor or financial professional before submitting the form or request.
Purchase
Application for a Contract
If you wish to purchase a Contract, you may submit an application and an initial Purchase Payment to the Company, as well as any other form or information that the Company may require. The Company reserves the right to reject an application for any reason, subject to the Company’s underwriting standards and guidelines and any applicable state or federal law relating to nondiscrimination.
Purchase Payments
A Purchase Payment is the money you give Us to buy the Contract. You can make Purchase Payments at any time before the Annuity Date. The minimum initial Purchase Payment We will accept is $15,000. We reserve the right to issue a Contract for less than $15,000 with Our approval, subject to the terms and conditions we may require. The maximum We accept is $10,000,000 without Our prior approval and will be subject to such terms and conditions as We may require.
Jefferson National reserves the right to refuse any Purchase Payment. Jefferson National does not accept Purchase Payments in the form of cash, cash equivalents or checks payable in foreign currency or issued by non-U.S. financial institutions. Purchase Payments made in the form of check, wire or EFT must be drawn upon the account of a U.S. financial institution.
Subject to the maximum described above, you can make additional Purchase Payments of any amount. However, we reserve the right to impose minimums on future Purchase Payments.
If mandated under applicable law, the Company may be required to reject a Purchase Payment. The Company also may be required to provide additional information about an Owner’s account to government regulators. In addition, the Company may be required to block an Owner’s account and thereby refuse to pay any request for transfers, full or partial withdrawals (including systematic withdrawals and withdrawals made to pay Advisor Fees), or death benefits until instructions are received from the appropriate regulator.
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Allocation of Purchase Payments
You control where your Purchase Payments are invested. On the application for a Contract, you may choose to have 100% of your initial Purchase Payment invested in the money market Sub-Accounts. Alternatively, you may use a separate administrative form to select the Sub-Accounts in which to invest your initial Purchase Payment. Any subsequent or additional Purchase Payments will be allocated based on your Investment Allocation of Record. Please make sure your Investment Allocation of Record is kept current. The Company imposes a Low Cost Fund Platform Fee on Contract Value invested in certain Sub-accounts that invest in low cost Investment Portfolios. See "Expenses – Low Cost Fund Platform Fee" for further details.
Once We receive your Purchase Payment and the necessary information, We will issue your Contract and allocate your first Purchase Payment within 2 Business Days. If you do not provide Us all of the information needed, We will contact you. If for some reason We are unable to complete this process within 5 Business Days, We will either send back your money or get your permission to keep it until We get all of the necessary information. The method of payment (e.g., check, wire transfer, electronic funds transfer) may affect when your Purchase Payment is received by Us. If you add more money to your Contract by making additional Purchase Payments, We will credit these amounts to your Contract as of the Business Day We receive your Purchase Payment. Our Business Day closes at the close of regular trading on the New York Stock Exchange.
Investment Options
Investment Portfolios
The Contract offers various Sub-accounts, each of which invests exclusively in an Investment Portfolio listed in "Appendix A – More Information About the Investment Portfolios." During the Accumulation Period, money you invest in the Sub-accounts may grow in value, decline in value, or grow less than you expect, depending on the investment performance of the Investment Portfolios in which those Sub-accounts invest. You bear the investment risk that those Investment Portfolios might not meet their investment objectives.
In the future, additional Investment Portfolios managed by certain investment advisory firms, brokerage firms, or their affiliates may be added. These additional Investment Portfolios may be offered exclusively to purchasing customers of the particular investment advisory firm or brokerage firm, or through other exclusive distribution arrangements.
You should read the summary prospectus or prospectus for any Investment Portfolio carefully before investing. Unless you have opted to receive documents relating to your Contract via U.S. mail, copies of these summary prospectuses and prospectuses will not be sent to you in paper. They are, however, available on Our Website. See "Appendix A – More Information About the Investment Portfolios" which contains the investment objective for each Investment Portfolio.
The investment objectives and policies of certain Investment Portfolios are similar to the investment objectives and policies of other mutual funds managed by the same investment advisors. Although the objectives and policies may be similar, the investment results of the Investment Portfolios may be higher or lower than the results of such other mutual funds. The investment advisors cannot guarantee, and make no representation that, the investment results of similar funds will be comparable even though the Investment Portfolios have the same investment advisors.
A significant portion of the assets of certain Investment Portfolios come from investors who take part in certain strategic and tactical asset allocation programs. These Investment Portfolios anticipate that investors who take part in these programs may frequently redeem or exchange shares of these Investment Portfolios, which may cause the Investment Portfolios to experience high portfolio turnover. Higher portfolio turnover may result in the Investment Portfolios paying higher levels of transaction costs. Large movements of assets into and out of the Investment Portfolios may also negatively impact an Investment Portfolio’s ability to achieve its investment objective. In addition, the extent to which Contracts are owned by investors who engage in frequent redemptions or exchanges involving Investment Portfolios which do not limit such activity may result in more redemption and exchange activity in other Investment Portfolios which impose limits on such activity. The adverse impact, if any, of such activity will be constrained by the limits those other Investment Portfolios impose on frequent redemption or exchange activity. Refer to the Investment Portfolios’ prospectuses for more details on the risks associated with any specific Investment Portfolio.
Shares of the Investment Portfolios are offered in connection with certain variable annuity contracts and variable life insurance policies of various life insurance companies, which may or may not be affiliated with Us. Certain Investment Portfolios are also sold directly to qualified plans. The Investment Portfolios do not believe that offering their shares in this manner will be disadvantageous to you.
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Administrative, Marketing and Support Services Fees
Jefferson National and the principal underwriter for the Contracts have arrangements with the investment adviser, subadviser, distributor, and/or affiliated companies of most of the Investment Portfolios under which Jefferson National and the principal underwriter for the Contracts receive payments in connection with the provision of administrative, marketing or other support services to the Investment Portfolios. Proceeds of these payments may be used for any corporate purpose, including payment of expenses that the Company and the principal underwriter for the Contracts incur in promoting, issuing, distributing and administering the Contracts. The Company and its affiliates may profit from these fees. The payments are generally based on a percentage of the average assets of each Investment Portfolio allocated to the investment options under the Contract or other contracts offered by the Company. The amount of the fee that an Investment Portfolio and its affiliates pay the Company and/or the Company’s affiliates is negotiated and varies with each Investment Portfolio. Aggregate fees relating to the different Investment Portfolio may be as much as 0.50% annually of the average net assets of an Investment Portfolio attributable to the relevant Contracts. Certain minimums may apply and this amount may change at any time without notice. A portion of these payments may come from revenue derived from the distribution and/or service fees (12b-1 fees) that are paid by an Investment Portfolio out of its assets as part of its total annual operating expenses. Where the Company does not have an arrangement with an Investment Portfolio to receive payments for the provision of services, or if the payments are minimal, Low Cost Fund Platform Fee proceeds may be used to pay expenses that the Company and the principal underwriter for the Contracts incur in promoting, issuing, distributing and administering the Contracts. The Company and its affiliates may profit from these fees.
Selection of Investment Portfolios
The Company selects the Investment Portfolios based on several criteria, including without limitation, asset class coverage, the strength of the investment adviser’s (or sub-adviser’s) reputation and tenure, brand recognition, performance, advisor or customer interest, and the capability and qualification of each investment firm. Another factor the Company considers during the selection process is whether the Investment Portfolio, its adviser, its sub-adviser, or an affiliate will make payments to the Company or its affiliates as described above. The Company reviews each Investment Portfolio periodically after it is selected. Upon review, the Company may remove an Investment Portfolio or restrict allocation of additional Purchase Payments and or transfers of Contract Value to an Investment Portfolio if it determines the Investment Portfolio no longer meets one or more of the criteria and/or if the Investment Portfolio has not attracted significant Contract owner assets. If this occurs, you may remain invested in the Investment Portfolio, although you may be restricted from adding additional Purchase Payments or transferring additional Contract Value into such Investment Portfolio. The Company does not recommend or endorse any particular Investment Portfolio, and does not provide investment advice.
Fixed Account
No fixed account is available during the Accumulation Period. See "Annuity Payments" for information on the Fixed Account during the Annuity phase of the Contract (these payments will come from Jefferson National’s general account and are subject to the Company’s financial strength and claims paying ability).
Voting Rights
Jefferson National is the legal owner of the Investment Portfolio shares. However, when an Investment Portfolio solicits proxies in conjunction with a vote of its shareholders, We will send you and other Owners materials describing the matters to be voted on and we may send these materials to you in paper even if you have elected Electronic Administration. You instruct Us how you want Us to vote your shares. When We receive those instructions, We will vote all of the shares We own, including shares owned by us and our affiliates, and those for which no timely instructions are received in proportion to those instructions timely received. As a result of proportional voting, the vote of a small number of Contract Owners could determine the outcome of a proposal subject to a shareholder vote. Should We determine that We are no longer required to follow this voting procedure, We will vote the shares ourselves.
Substitution
It may be necessary to discontinue one or more of the Investment Portfolios or substitute a new Investment Portfolio for one of the Investment Portfolios you have selected. New or substitute Investment Portfolios may have different fees and expenses and their availability may be limited to certain classes of purchasers. We will notify you of Our intent to do this.
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We will obtain any required prior approval from the Securities and Exchange Commission before any substitution is made. Once a substitution is approved, your investment in such Investment Portfolio will automatically be transferred into the new Investment Portfolio.
Transfers
You can transfer money among the Investment Portfolios, subject to the excessive trading limits set forth below. The Company imposes a Low Cost Fund Platform Fee on Contract Value allocated to certain Sub-accounts. See "Expenses – Low Cost Fund Platform Fee" for further details. Transfers may be deferred as permitted or required by law. See "Suspension of Payments or Transfers" section below.
Early Cut-Off Times
Certain Investment Portfolios impose transfer cut-off times before the end of the Business Day. See "Appendix A – More Information About the Investment Portfolios" for a list of Investment Portfolios with early cut-off times. For transfers between Investment Portfolios that impose early cut-off times with those Investment Portfolios that do not impose, or impose different early cut-off times, the earliest time will be used. These early cut-off times do not apply to Purchase Payments or Contract withdrawals.
Transfers During the Accumulation Period
You can make a transfer to or from any Investment Portfolio available to you. Transfers may be made by contacting Our administrative offices or through Our Website. Subject to Our administrative rules, including our Excessive Trading Limits and Short Term Trading Risk described below, you can make an unlimited number of transfers between the Investment Portfolios during the Accumulation Period. We reserve the right to impose a fee for excessive transfers after notifying you.
We reserve the right to impose any fees charged by the Investment Portfolios for excessive transfers. The following apply to any transfer during the Accumulation Period:
(1) Your request for a transfer must clearly state which Investment Portfolio(s) are involved in the transfer.
(2) Your request for transfer must clearly state how much the transfer is for.
(3) Your right to make transfers is subject to modification if We determine, in Our sole opinion that the exercise of the right by one or more Owners is, or would be, to the disadvantage of other owners. Restrictions may be applied in any manner reasonably designed to prevent any use of the transfer right, which is considered by Us to be to the disadvantage of other Owners. A modification could be applied to transfers to, or from, one or more of the Investment Portfolios and could include, but is not limited to:
(a) the requirement of a minimum time period between each transfer;
(b) not accepting a transfer request from an Investment Advisor or financial professional acting under a power of attorney on behalf of more than one Owner; or
(c) limiting the dollar amount that may be transferred between Investment Portfolios by an Owner at any one time.
(4) We reserve the right, at any time, and without prior notice to any party, to terminate, suspend or modify the transfer privilege during the Accumulation Period.
This product is not designed for professional market timing organizations. Jefferson National reserves the right to modify (including terminating) the transfer privileges described above.
Excessive Trading Limits
The Contracts are first and foremost annuity contracts, designed for retirement or other long-term financial planning purposes, and are not designed for market timers or persons who make frequent transfers. The use of such transfers can be disruptive to any underlying Investment Portfolio and harmful to other Owners invested in the Investment Portfolio.
We reserve the right to limit transfers in any Contract year, or to refuse any transfer request for an Owner, Investment Advisor or financial professional acting under a limited power of attorney, for any reason, including without limitation, if:
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• We believe, in Our sole discretion, that excessive trading by the Owner, or a specific transfer request, submitted by an Investment Advisor or financial professional, or a group of transfer requests, may have a detrimental effect on the Accumulation Unit values of any Sub-account or the share prices of any Investment Portfolio or would be detrimental to other Owners; or
• We are informed by one or more Investment Portfolios that they intend to restrict the purchase of Investment Portfolio shares because of excessive trading, because the transfer request is large in relation to the total assets of the Investment Portfolio or because they believe that a specific transfer or group of transfers would have a detrimental effect on the price of Investment Portfolio shares; or
• We are informed by one or more Investment Portfolios that they are unwilling to accept (or will not accept for a certain number of days) a transfer request whether due to the frequency of trading or the size of the transfer request; or
• the requested transaction violates Our administrative rules designed to detect and prevent market timing.
The restrictions imposed may include, but are not limited to, restrictions on transfers (e.g., by not processing requested transfers, limiting the number of transfers allowed, and/or the dollar amount, requiring holding periods, allowing transfer requests by U.S. mail only, etc.) or even prohibitions on them for particular Owners who, in Our view, or in the view of an investment adviser to an Investment Portfolio, have abused or appear likely to abuse the transfer privilege. These restrictions do not apply to withdrawals from the Contract.
We may apply restrictions in any manner reasonably designed to prevent transfers that we consider disadvantageous to other Owners. These excessive trading limits apply to all Owners. However, using our processes and procedures, we may not detect all market timers, prevent frequent transfers, or prevent harm caused by excessive transfers. The difficulty in detecting market timing activity may have the effect of allowing some to engage in market timing activities while preventing others.
Short-Term Trading Risk. Frequent exchanges among Investment Portfolios by Owners can reduce the long–term returns of the underlying mutual funds. The reduced returns could adversely affect the owners, annuitants, insureds or beneficiaries of any variable annuity or variable life insurance contract issued by any insurance company with respect to values allocated to the underlying fund. Frequent exchanges may reduce the underlying fund’s performance by increasing costs paid by the fund (such as brokerage commissions); they can disrupt portfolio management strategies; and they can have the effect of diluting the value of the shares of long term shareholders in cases in which fluctuations in markets are not fully priced into the fund’s net asset value.
The insurance–dedicated mutual funds available through the Investment Portfolios may also be available in products issued by other insurance companies. These funds carry a significant risk that short–term trading may go undetected. The funds themselves generally cannot detect individual contract owner exchange activity, because they are owned primarily by insurance company separate accounts that aggregate exchange orders from owners of individual contracts. Accordingly, the funds are dependent in large part on the rights, ability and willingness of all participating insurance companies to detect and deter short–term trading by contract owners.
As outlined below, we have adopted policies regarding frequent trading, but can provide no assurance that other insurance companies using the same underlying funds have adopted comparable procedures. There is also the risk that these policies and procedures concerning short–term trading will prove ineffective in whole or in part to detect or prevent frequent trading. The difficulty in detecting market timing activity may have the effect of allowing some to engage in market timing while preventing others. Please review the underlying funds’ prospectuses for specific information about the funds’ short–term trading policies and risks.
Frequent Trading. In an effort to alleviate the lack of transparency inherent in omnibus accounts, the Company developed technology that permits each Investment Portfolio to see, on a real time basis, the transfer requests that will impact that Investment Portfolio when the Company places the omnibus account trade at the end of that Business Day. In addition, the Investment Portfolios are able to generate reports out of the same system that allow the Investment Portfolio to look for trading patterns that may be harmful to the Investment Portfolio. Essentially, this system attempts to provide each Investment Portfolio with the data it needs to empower the Investment Portfolio to enforce its active trading policies and procedures on a similar basis as if the Investment Portfolio was being offered on a retail basis, as opposed to inside of a variable annuity. As stated above, the Company reserves the right to enforce any decision made by an Investment Portfolio pursuant to its active trading policies and procedures, and to take any actions to delay or deny any pending transfer request, as well as blocking future trading within an Investment Portfolio.
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If a current or future transfer request is restricted or denied in accordance with our administrative procedures, you and your Investment Advisor or financial professional will be notified, and you will be kept in your current Sub-Account allocation. The statement of additional information contains more information about market timing arrangements, if any, and disclosure of Investment Portfolio securities to individuals, if any.
In its sole discretion, the Company may revise its frequent trading procedures at any time without prior notice as the Company deems necessary or appropriate to better detect and deter programmed, frequent, or large transfers that may adversely affect other Owners or Investment Portfolio shareholders, to comply with state or federal regulatory requirements, or to impose additional or alternate restrictions on active traders (such as dollar or percentage limits on transfers).
Dollar Cost Averaging Program
The Dollar Cost Averaging Program (DCA Program) allows you to systematically transfer a set amount either monthly, quarterly, semi-annually or annually. By allocating amounts on a regular schedule as opposed to allocating the total amount at one particular time, you may be less susceptible to the impact of market fluctuations. However, this is not guaranteed.
Subject to Our administrative procedures, you may select the Business Day when dollar cost averaging transfers will occur. You can sign up for the DCA Program for a specified time period. The DCA Program will end when the value in the Investment Portfolio(s) from which you are transferring is zero. A transfer request will not automatically terminate the DCA Program.
There is no additional charge for the DCA Program. However, we reserve the right to charge for the DCA Program in the future. We reserve the right, at any time and without prior notice, to terminate, suspend or modify the DCA Program. The Company imposes a Low Cost Fund Platform Fee on Contract Value invested in certain Sub-accounts. For further information, see "Expenses – Low Cost Fund Platform Fee."
Dollar cost averaging does not assure a profit and does not protect against loss in declining markets. Dollar cost averaging involves continuous investment in the selected Investment Portfolio(s) regardless of fluctuating price levels of the Investment Portfolio(s). You should consider your financial ability to continue the DCA Program through periods of fluctuating price levels.
Rebalancing Program
Once your money has been allocated among the Investment Portfolios, the performance of each Investment Portfolio may experience different gains and losses at different times, which will cause your allocation to shift. You can direct Us to automatically rebalance your Contract to return to your original Investment Allocations of Record or some other allocation of your choosing by selecting Our Rebalancing Program. When you elect the Rebalancing Program, you must specify the date on which you would like the initial rebalancing to occur and the frequency of the rebalancing (i.e. one time rebalance, monthly, quarterly, semi-annually or annually). We will measure the rebalancing periods from the initial rebalancing date selected. You can discontinue the Rebalancing Program at any time. You can modify rebalancing percentages for future rebalancing by submitting your request prior to the next rebalancing date. Currently, there is no charge for participating in the Rebalancing Program. We reserve the right, at any time and without prior notice to impose a fee, or to terminate, suspend or modify this program. The Company imposes a Low Cost Fund Platform Fee on Contract Value invested in certain Sub-accounts. For further information, see "Expenses – Low Cost Fund Platform Fee."
Example: Assume that you want your initial Purchase Payment split between 2 Investment Portfolios. You want 40% to be in the Bond Investment Portfolio and 60% to be in the Growth Investment Portfolio. Over the next 2 1/2 months the bond market does very well while the stock market performs poorly. At the end of the first quarter, the Bond Investment Portfolio now represents 50% of your holdings because of its increase in value. If you had chosen to have your holdings rebalanced quarterly, on the first Business Day of the next quarter, Jefferson National would sell some of your units in the Bond Investment Portfolio to bring its value back to 40% and use the money to buy more units in the Growth Investment Portfolio to increase those holdings to 60%.
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Advisor Fee Withdrawals
Jefferson National understands the importance to you of having advice from an Investment Advisor or financial professional regarding your investments in the Contract. Jefferson National has not made any independent investigation of these Investment Advisors or financial professionals and is not endorsing such programs. If Advisor Fees will be paid out of your Contract during the Accumulation Period, you will be required to enter into an advisory agreement with your Investment Advisor or financial professional.
Jefferson National will, pursuant to an agreement with you, process a partial withdrawal from the value of your Contract to pay Advisor Fees. You should consult a tax advisor regarding the tax treatment of the payment of Advisor Fees from your Contract. See "Taxes" for further information.
Expenses
There are charges and other expenses associated with the Contract that reduce the return on your investment in the Contract. These charges and expenses are:
Subscription Fee
We charge the Subscription Fee regardless of the amount of your Contract Value. This fee is used to reimburse us for our various expenses in establishing and maintaining the Contracts. On the last Business Day of the month, this fee is deducted from the money market Investment Portfolios you are invested in, pro rata, via a redemption of Accumulation Units. If you have less than $20 invested in the money market Investment Portfolios, then the remaining amount will be deducted from your non-money market Investment Portfolios, pro rata, via a redemption of Accumulation Units. We will deduct the Subscription Fee each month during the Accumulation Period. We also impose the applicable portion of the fee at death and upon full surrender of the Contract. The Company reserves the right to waive the Subscription Fee in certain circumstances including, without limitation, on Contracts issued to an officer, director, employee, or direct family member thereof, of Our company or any of Our affiliates. In no event will reduction or elimination of the Subscription Fee be permitted where it would be unfairly discriminatory to any person.
We will waive the $20 per month Subscription Fee if on the day the Subscription Fee would be levied your entire Contract Value is invested in one or more Sub-accounts for which the Company charges a Low Cost Fund Platform Fee and one or more of the following Sub-accounts (Waiver Sub-accounts):
Waiver Sub-Accounts:
• Nationwide Variable Insurance Trust – NVIT DFA Capital Appreciation (Class P)
• Nationwide Variable Insurance Trust – NVIT DFA Moderate (Class P)
• Nationwide Variable Insurance Trust – NVIT Government Money Market (Class Y)
NOTE: If Contract Value is allocated to one or more Waiver Sub-accounts, the waiver of the Subscription Fee will only apply if on the day the Subscription Fee would be levied, the total allocation to all of the Waiver Sub-accounts combined is equal to or less than 10% of the total Contract Value. If on such date the total allocation to all of the Waiver Sub-accounts combined is greater than 10% of the total Contract Value, the $20 per month Subscription Fee will apply for that month.
Contract Maintenance Charge
We impose no other Contract maintenance charge.
Low Cost Fund Platform Fee
The Company imposes a Low Cost Fund Platform Fee, up to 0.25% annually (this is the maximum fee) on Contract Value invested in certain Sub-accounts. The fee is deducted as an annualized percentage of the daily Contract Value allocated to the particular Sub-account(s). The determination of which Sub-accounts impose a Low Cost Fund Platform Fee is made by Us at Our sole discretion. The Company assesses the Low Cost Fund Platform Fee in order to facilitate making certain Investment Portfolios available as investment options under the Contract. These Investment Portfolios do not provide the Company or its affiliates with the amount of revenue it requires in order for it to meet its revenue targets. These fees may be used for any corporate purpose, including payment of expenses that the Company and its affiliates incur in promoting, marketing, and administering the Contract and, in its role as intermediary, the Investment Portfolios. The Company may profit from the Low Cost Fund Platform Fee, and may use any profit derived from this fee for any lawful
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purpose. A listing of the Sub-accounts for which the Company imposes a Low Cost Fund Platform Fee is listed below, and is also available on the Company’s Website or upon request. Some of the indicated Sub-accounts may not be available due to the date your Contract was issued. Refer to "Appendix A: More Information About the Investment Portfolios" for more information regarding Sub-account availability.
Sub-accounts with a Low Cost Fund Platform Fee of 0.25%:
• BNY Mellon Stock Index Fund, Inc.: Initial Shares
• DFA Investment Dimensions Group Inc. - VA Equity Allocation Portfolio: Institutional Class
• DFA Investment Dimensions Group Inc. - VA Global Bond Portfolio
• DFA Investment Dimensions Group Inc. - VA Global Moderate Allocation Portfolio: Institutional Class
• DFA Investment Dimensions Group Inc. - VA International Small Portfolio
• DFA Investment Dimensions Group Inc. - VA International Value Portfolio
• DFA Investment Dimensions Group Inc. - VA Short-Term Fixed Portfolio
• DFA Investment Dimensions Group Inc. - VA U.S. Large Value Portfolio
• DFA Investment Dimensions Group Inc. - VA U.S. Targeted Value Portfolio
• Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class Y
• Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class Y
• Nationwide Variable Insurance Trust - NVIT International Index Fund: Class Y
• Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class Y
• Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class Y
• Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class Y
• Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class Y
• Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class Y
• Vanguard Variable Insurance Fund - Balanced Portfolio
• Vanguard Variable Insurance Fund - Capital Growth Portfolio
• Vanguard Variable Insurance Fund - Diversified Value Portfolio
• Vanguard Variable Insurance Fund - Equity Income Portfolio
• Vanguard Variable Insurance Fund - Equity Index Portfolio
• Vanguard Variable Insurance Fund - Global Bond Index Portfolio
• Vanguard Variable Insurance Fund - Growth Portfolio
• Vanguard Variable Insurance Fund - High Yield Bond Portfolio
• Vanguard Variable Insurance Fund - International Portfolio
• Vanguard Variable Insurance Fund - Mid-Cap Index Portfolio
• Vanguard Variable Insurance Fund - Real Estate Index Portfolio
• Vanguard Variable Insurance Fund - Short-Term Investment-Grade Portfolio
• Vanguard Variable Insurance Fund - Total Bond Market Index Portfolio
• Vanguard Variable Insurance Fund - Total International Stock Market Index Portfolio
• Vanguard Variable Insurance Fund - Total Stock Market Index Portfolio
• Vanguard Variable Insurance Fund - Vanguard Conservative Allocation Portfolio
• Vanguard Variable Insurance Fund - Vanguard Moderate Allocation Portfolio
Sub-accounts with a Low Cost Fund Platform Fee of 0.10%:
• ProFunds - ProFund VP Small-Cap Growth
This list may change at any time; however, if a Sub-account which was previously offered without this fee is added to this list, the Low Cost Fund Platform Fee will not be charged on existing dollars invested in such Sub-account without your consent. Please note, the $20 per month Subscription Fee is waived if on the day the Subscription Fee would be levied your entire Contract Value is invested in Sub-accounts for which the Company charges the Low Cost Fund Platform Fee.
Investment Portfolio Operating Expenses
There are deductions from and expenses paid out of the assets of the various Investment Portfolios, which are described in the Investment Portfolio prospectuses. The Investment Portfolio operating expenses are included as part of Our calculation of the value of the Accumulation Units. We reserve the right to charge transfer fees imposed by the Investment Portfolios for excessive transfers. The investment advisory fees and other expenses, if any, which are more fully described in the Investment Portfolio prospectus, are not specified or fixed under the terms of the Contract, and may vary from year to year.
Transfer Fee
We impose no transfer fee for transfers made during the Accumulation Period.
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Income Taxes
Jefferson National may deduct from the Contract for any income taxes which we incur because of the Contract. At the present time, we are not making any such deductions.
Contract Value
Your Contract Value is the sum of your assets in the Sub-accounts of the Separate Account. The value of any assets in the Sub-accounts(s) will vary depending upon the investment performance of the Investment Portfolio(s) you choose. In order to keep track of your Contract Value in a Sub-account, we use a unit of measure called an Accumulation Unit. During the Annuity Period of your Contract we call the unit an Annuity Unit. Your Contract Value is affected by the investment performance of the Investment Portfolios, the expenses of the Investment Portfolios and the deduction of fees and charges under the Contract. If your Contract Value is zero, we reserve the right to surrender your Contract.
Accumulation Units
Every Business Day, we determine the value of an Accumulation Unit for each of the Sub-accounts by multiplying the Accumulation Unit value for the previous Business Day by a factor for the current Business Day. The factor for any particular Sub-account is determined by dividing (a) by (b), and then subtracting (c) from the result, where:
(a) is the sum of:
(1) the net asset value of the Investment Portfolio as of the end of the current Business Day; and
(2) the per share amount of any dividend or income distributions made by the Investment Portfolio (if the date of the dividend or income distribution occurs during the current Business Day).
(b) is the net asset value of the Investment Portfolio as of the end of the preceding Business Day.
(c) is a factor representing any Contract charges that are deducted from the Sub-account, which will include any applicable Low Cost Fund Platform Fees.
  Note: The factor in (c) above reflects only those Contract charges that are assessed daily as part of the daily Accumulation Unit calculation. It does not reflect other charges that are assessed via the redemption of Accumulation Units (e.g., Subscription Fee).
The value of an Accumulation Unit may go up or down from Business Day to Business Day.
When you make a Purchase Payment, we credit your Contract with Accumulation Units. The number of Accumulation Units credited is determined by dividing the amount of the Purchase Payment allocated to a Sub-account by the value of the Accumulation Unit for that Sub-account on that Business Day. When you make a withdrawal, we deduct Accumulation Units from your Contract representing the withdrawal. We also deduct Accumulation Units when we deduct certain charges under the Contract (including the Subscription Fee). Whenever we use an Accumulation Unit value, it will be based on the value next determined after receipt of the request or the Purchase Payment.
We calculate the value of an Accumulation Unit for each Sub-account at the close of regular trading on the New York Stock Exchange each Business Day and then credit your Contract.
EXAMPLE: On Wednesday we receive an additional Purchase Payment of $10,000 from you. You have told Us you want this to go to the Balanced Portfolio Investment Portfolio. When the New York Stock Exchange closes on that Wednesday, we determine that the value of an Accumulation Unit for the Balanced Portfolio Sub-account is $12.50. We then divide $10,000 by $12.50 and credit your Contract on Wednesday night with 800 Accumulation Units for the Balanced Portfolio Sub-account.
Access To Your Money
You can have access to the money in your Contract:
(1) by making a withdrawal (either a partial or a complete withdrawal);
(2) by electing to receive Annuity Payments; or
(3) when a death benefit is paid to your Beneficiary.
Withdrawals can only be made during the Accumulation Period.
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When you make a complete withdrawal, you will receive the Contract Value on the Business Day you made the withdrawal, less any pro rata Subscription Fees.
All partial withdrawals will be withdrawn from the Investment Portfolios on a pro-rata basis unless you instruct Us otherwise.
Jefferson National will pay the amount of any withdrawal from the Investment Portfolios within 7 days of your request in good order unless the "Suspension of Payments or Transfers" provision (see below) is in effect.
A withdrawal may result in tax consequences (including an additional 10% tax penalty under certain circumstances).
Systematic Withdrawal Program
The Systematic Withdrawal Program allows you to receive automatic payments either monthly, quarterly, semi-annually or annually. Unless you instruct us otherwise, the systematic withdrawals will be processed on a monthly basis. Subject to Our administrative procedures, you can instruct Us to withdraw a specific amount, which can be a percentage of the Contract Value, or a dollar amount. All systematic withdrawals will be withdrawn from the Investment Portfolios on a pro-rata basis, unless you instruct Us otherwise.
You may elect to end the Systematic Withdrawal Program by notifying Us prior to the next systematic withdrawal. The Systematic Withdrawal Program will terminate automatically when the Contract Value is exhausted. Once the Contract Value is exhausted, we reserve the right to fully surrender the Contract. We do not currently charge for the Systematic Withdrawal Program, but reserve the right to do so in the future.
Income taxes, tax penalties and certain restrictions may apply to systematic withdrawals.
Suspension of Payments or Transfers
We may be required to suspend or postpone withdrawals or transfers for any period when:
(1) the New York Stock Exchange is closed (other than customary weekend and holiday closings);
(2) trading on the New York Stock Exchange is restricted;
(3) an emergency exists as a result of which disposal of shares of the Investment Portfolios is not reasonably practicable or we cannot reasonably value the shares of the Investment Portfolios;
(4) during any other period when the SEC, by order, so permits for the protection of Owners.
If mandated under applicable law, we may be required to reject a Purchase Payment and/or otherwise block access to an Owner’s Contract and thereby refuse to pay any request for transfers, partial withdrawals, surrenders, or death benefits. Once blocked, monies would be held in that Contract until instructions are received from the appropriate regulator.
Death Benefit
Upon Your Death During the Accumulation Period
If you, or your Joint Owner, die before Annuity Payments begin, we will pay a death benefit to your Beneficiary. If you have a Joint Owner, the surviving Joint Owner will be treated as the primary Beneficiary. Any other Beneficiary designation on record at the time of death will be treated as a contingent Beneficiary. Our death distributions for both qualified and nonqualified contracts will follow the tax rules in the Code and its regulations.
The Contract Value for purposes of calculating any Death Benefit Amount will be determined as of the Business Day we receive in good order due proof of death and an election for the payment method (see below). After the Death Benefit Amount is calculated, it will remain in the Investment Portfolios until distribution begins. Until we distribute the Death Benefit Amount, the Death Benefit Amount in the Investment Portfolios will be subject to investment risk, which is borne by the Beneficiary. The Death Benefit Amount will remain invested in the Investment Portfolios in accordance with the allocation instructions given by You until We pay the Death Benefit Amount or until new instructions are given by the Beneficiary.
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Restricted Beneficiary
In accordance with Company procedures, You may preselect a restricted stretch option that will force the Beneficiary to take required minimum distributions over the Beneficiary’s life expectancy. You can change this restricted option at any time before death. Upon death, the Beneficiary will not be permitted to change the selected option. If the Beneficiary predeceases you, the contingent beneficiary may choose a different death option as provided in your Contract.
For Qualified Contracts, the SECURE Act that was enacted on December 20, 2019 generally eliminated the option to take required minimum distributions over an individual Beneficiary’s life expectancy. In the case of an Owner who dies on or after January 1, 2020, an individual Beneficiary under a Qualified Contract must now distribute the entire balance of the Contract by December 31 of the tenth year following the Owner’s death. There are limited exceptions to this rule and a prospective Owner contemplating a restricted option should consult a qualified tax advisor.
Death Benefit Amount During the Accumulation Period
The Death Benefit Amount will be the Contract Value, less the applicable portion of the Subscription Fee, at the time we receive due proof of death and a payment election.
Payment of the Death Benefit During the Accumulation Period
Unless already selected by you, a Beneficiary must elect to have the Death Benefit Amount paid under one of the options described below in the event of the death of the Owner or Joint Owner during the Accumulation Period. If an election for the payment method is not received, the Company will pay the proceeds under Option 2.
OPTION 1 - lump sum payment of the Death Benefit Amount; or
OPTION 2 - the payment of the entire Death Benefit Amount within 5 years of the date of death of the Owner or Joint Owner; or
OPTION 3 - payment of the Death Benefit Amount under an Annuity Option over the lifetime of the Beneficiary, or over a period not extending beyond the life expectancy of the Beneficiary, with distribution at least annually, beginning within 1 year of the date of the death of the Owner or any Joint Owner; or
OPTION 4 – in any other manner permitted by law and approved by Jefferson National.
Unless you have previously designated one of the payment options above, a Beneficiary who is a spouse of the deceased Owner may elect to:
• continue the Contract in his or her own name at the then current Death Benefit Amount;
• elect a lump sum payment of the Death Benefit Amount; or
• apply the Death Benefit Amount to an Annuity Option (see Beneficially Owned Contracts for additional information).
If a lump sum payment is requested, the Death Benefit Amount will be paid within 7 days, unless the Suspension of Payments provision is in effect. Payment to the Beneficiary, in any other form than a lump sum, may only be elected during the 60 day period beginning with the date of receipt by Us of due proof of death.
For Qualified Contracts, the SECURE Act that was enacted on December 20, 2019 generally eliminated the option to receive a Death Benefit Amount under an Annuity Option over a Beneficiary’s life expectancy (Option 1). In the case of an Owner who dies on or after January 1, 2020, an individual Beneficiary under a Qualified Contract must now distribute the entire balance of the Contract by December 31 of the tenth year following the Owner’s death. There are limited exceptions to this rule and a prospective Owner considering a purchase of the Contract should consult with a qualified tax advisor.
Death of Contract Owner During the Annuity Period
If you or a Joint Owner, who is not the Annuitant, dies during the Annuity Period, any remaining Annuity Payments under the Annuity Option elected will continue at least as rapidly as under the method of distribution in effect at the time of the Owner’s or Joint Owner’s death. Upon the Owner’s death during the Annuity Period, the Beneficiary becomes the Owner. Upon the death of any Joint Owner during the Annuity Period, the surviving Owner, if any, will be treated as the primary Beneficiary. Any other Beneficiary designation on record at the time of death will be treated as a contingent Beneficiary.
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Death of Annuitant
If the Annuitant, who is not an Owner or Joint Owner, dies during the Accumulation Period, you, the Owner, will automatically become the Annuitant. A change of Annuitant by the Owner may result in a taxable event. You may designate a new Annuitant subject to Our approval. If the Owner is a non-natural person (for example, a corporation), then the death of the Annuitant will be treated as the death of the Owner, and a new Annuitant may not be named.
Upon the death of the Annuitant during the Annuity Period, the death benefit, if any, will be as provided for in the Annuity Option selected. The death benefit will be paid at least as rapidly as under the method of distribution in effect at the Annuitant’s death.
For Qualified Contracts, the SECURE Act that was enacted on December 20, 2019 generally eliminated the at least as rapidly method of distribution. In the case of an Owner who established an Annuity Period on or after January 1, 2020, an individual Beneficiary under a Qualified Contract must now distribute the entire balance of the Contract by December 31 of the tenth year following the Owner’s death. There are limited exceptions to this rule and a prospective Owner considering purchase of the Contract should first consult a qualified tax advisor.
Annuity Payments (The Annuity Period)
Under the Contract you can receive regular income payments. We call these payments Annuity Payments. You can choose the date on which the Annuity Payments begin. We call that date the Annuity Date. The Annuitant is the person whose life we look to when we determine Annuity Payments.
You can select any Annuity Date provided it is at least thirteen (13) months after the Contract issue date, but may not be later than the Maximum Maturity Date.
The Contract will automatically be forced into a fixed annuitization for a guaranteed period of ten years if you do not select an Annuity Date on or before the Annuitant attaining the Maximum Maturity Date. For a Contract held as an IRA, once you attain age 70½ (age 72 for Contract Owners who turn age 72 on or after January 1, 2020), you are required to either annuitize the Contract or take the required minimum distribution under the Code.
You can also choose among income plans. We call those Annuity Options. You can select an Annuity Option. You can change it at any time prior to 30 days before the Annuity Date. If you do not choose an Annuity Option, we will assume that you selected Option 2 which provides a life annuity with 10 years of guaranteed payments.
During the Annuity Period, you may only choose to have fixed Annuity Payments. These payments will come from Jefferson National’s general account and are subject to the Company’s financial strength and claims paying ability. If you choose an Annuity Option, your Account Value, minus any applicable fees, is placed in our general account. Our general account is not registered under the federal securities laws and it is generally not subject to its provisions. See your Contract for more information regarding the general account.
Annuity Payment Amount
On the Annuity Date, the Contract Value, less the Subscription Fee, will be applied under the Annuity Option you selected.
Annuity Payments are made monthly unless you have less than $2,000 to apply toward purchasing an Annuity Option. In that case, we may make a single lump sum payment to you instead of Annuity Payments. Likewise, if your Annuity Payments would be less than $20 a month, we have the right to change the frequency of payments so that your Annuity Payments are at least $20.
Unless you notify Us otherwise, we will pay the Annuity Payments to you. You can change the payee at any time prior to the Annuity Date. Income from any distribution will be reported to you for tax purposes.
Annuity Options
You can choose one of the following Annuity Options or any other Annuity Option which is acceptable to Us. After Annuity Payments begin, you cannot change the Annuity Option.
OPTION 1. INCOME FOR LIFE. We will pay monthly Annuity Payments during the lifetime of the Annuitant. We will stop making payments when the Annuitant dies. Accordingly, if you select this option and die after the first annuity payment is made but before the second annuity payment is made, you will only receive one annuity payment. If you die after you elect this option but before the first annuity payment is made, you will not receive any payments.
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OPTION 2. INCOME FOR LIFE WITH PAYMENT GUARANTEED FOR A FIXED NUMBER OF YEARS. We will make monthly Annuity Payments so long as the Annuitant is alive. However, when the Annuitant dies, if we have made Annuity Payments for less than the guaranteed period you selected (5, 10 or 20 years), we will then continue to make Annuity Payments to the Beneficiary for the rest of the guaranteed period. Annuity Payments to the Beneficiary will be made at least as rapidly as under the method of payment being used at the time of the Annuitant’s death. However, after the Annuitant dies, the Beneficiary may elect to receive a single lump sum payment which will be equal to the present value of the remaining Annuity Payments (as of the date of proof of death).
OPTION 3. INCOME FOR A SPECIFIED PERIOD. We will make monthly Annuity Payments for a fixed period of time (3 to 20 years). When the Annuitant dies, any amount remaining will be paid to the Beneficiary. Annuity Payments to the Beneficiary will be made at least as rapidly as under the method of payment being used at the time of the Annuitant’s death. However, the Beneficiary may elect to receive a single lump sum payment which will be equal to the present value of the remaining Annuity Payments (as of the date of proof of death).
OPTION 4. JOINT AND SURVIVOR INCOME FOR LIFE. We will make monthly Annuity Payments so long as the Annuitant and a joint Annuitant are both alive. When either of these people dies, the amount of the Annuity Payments we will make to the survivor will be calculated based on the option chosen at the time of annuitization. Please note, the higher the elected payment to the survivor is, the lower the amount of each payment will be when both join Annuitants are alive.
Taxes
NOTE: Jefferson National has prepared the following information on federal taxes as a general discussion of the subject. Further information on taxes is contained in the Statement of Additional Information. It is not intended as tax advice to any individual. No attempt is made to consider any applicable state tax or other tax laws, or to address any federal estate, or state and local estate, inheritance and other tax consequences of ownership or receipt of distributions under a Contract. You should consult your tax adviser about your own circumstances.
The Company does not make any guarantee regarding the tax status of, or tax consequences arising from, any Contract or any transaction involving the Contract. In addition, as provided in IRS regulations, we inform you that this material is not intended and cannot be referred to or used (1) to avoid tax penalties, or (2) to promote, sell or recommend any tax plan or arrangement.
Annuity Contracts in General
When you invest in an annuity contract, you usually do not pay taxes on your investment gains until you withdraw the money—generally for retirement purposes. If you invest in a variable annuity as part of a pension plan or employer-sponsored retirement program, your Contract is called a Qualified Contract. If your annuity is independent of any formal retirement or pension plan, it is termed a Non-Qualified Contract. The tax rules applicable to Qualified Contracts vary according to the type of retirement plan and the terms and conditions of the plan.
Tax Status of the Contracts
Tax law imposes several requirements that variable annuities must satisfy in order to receive the tax treatment normally accorded to annuity contracts.
Diversification Requirements. The Code requires that the investments of each investment division of the variable account underlying the Contracts be "adequately diversified" in order for the Contracts to be treated as annuity contracts for Federal income tax purposes. It is intended that each investment division, through the Investment Portfolio in which it invests, will satisfy these diversification requirements.
Owner Control. In certain circumstances, owners of variable annuity contracts have been considered for Federal income tax purposes to be the owners of the assets of the variable account supporting their contracts due to their ability to exercise investment control over those assets. When this is the case, the Contract owners have been currently taxed on income and gains attributable to the variable account assets. While We believe that the Contracts do not give owners investment control over variable account assets, We reserve the right to modify the Contracts as necessary to prevent an owner from being treated as the owner of the variable account assets supporting the Contract.
Required Distributions. In order to be treated as an annuity contract for Federal income tax purposes, Section 72(s) of the Code requires any Non-Qualified Contract to contain certain provisions specifying how your interest in the Contract will be distributed in the event of the death of an Owner of the Contract. The Non-Qualified Contracts contain provisions that
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are intended to comply with these Code requirements, although no regulations interpreting these requirements have yet been issued. We intend to review such provisions and modify them if necessary to assure that they comply with the applicable requirements when such requirements are clarified by regulation or otherwise.
For Contract Owners who reach age 70 1/2 prior to January 1, 2020, distributions from an Individual Retirement Annuity, SEP IRA or SIMPLE IRA must begin no later than April 1 of the calendar year following the calendar year in which the contract owner reaches age 70 1/2. The SECURE Act raised the age that distributions from an IRA, SEP IRA, or Simple IRA must begin. For those Contract Owners who attain age 70 1/2 on or after January 1, 2020, distributions must begin no later than April 1 of the calendar year in which the Contract Owner turns age 72. Distributions may be paid in a lump sum or in payments over periods of time specified in the Code and applicable Treasury Regulations. The rules for Roth IRAs do not require distributions to begin during the Owner’s lifetime; therefore, the required beginning date is not applicable to Roth IRAs.
If the Owner dies on or before January 1, 2020 and before the required beginning date (in the case of a Tax Sheltered Annuity, Individual Retirement Annuity, SEP IRA or SIMPLE IRA) or before the entire contract value is distributed (in the case of Roth IRAs), any remaining interest in the Contract must be distributed over a period not exceeding the applicable distribution periods, which are discussed in the Statement of Additional Information.
The SECURE Act that was enacted on December 20, 2019 generally eliminated the option to take required minimum distributions over an individual Beneficiary’s life expectancy. If the Contract Owner dies on or after January 1, 2020 and the individual Beneficiary is not an eligible designated beneficiary as defined under the Code, then the entire interest in the Contract must be distributed by December 31 of the tenth year following the Owner’s death. There are limited exceptions to this rule and a prospective Owner considering purchase of the Contract should consult a qualified tax advisor.
If the Contract Owner dies on or after January 1, 2020 and the designated beneficiary is not an eligible designated beneficiary as defined under Code Section 401(a)(9), then the entire balance of the Contract must be distributed by December 31 of the tenth year following the Contract Owner’s death. In the case of an eligible designated beneficiary, which includes (1) the contract owner’s surviving spouse, (2) a minor child of the contract owner, (3) a disabled individual, (4) a chronically ill individual, or (5) an individual not more than 10 years younger than the contract owner, the entire balance of the Contract may be distributed over the life or a period not exceeding the life expectancy of the eligible designated beneficiary, provided such distributions begin within one year of death. Purchasers and prospective purchasers should consult a financial professional, tax advisor or legal counsel to discuss the taxation and use of the Contracts.
For Individual Retirement Annuities, SEP IRAs and SIMPLE IRAs, all or a portion of each distribution will be included in the recipient’s gross income and taxed at ordinary income tax rates. The portion of a distribution which is taxable is based on the ratio between the amount by which non-deductible purchase payments exceed prior non-taxable distributions and total account balances at the time of the distribution. The owner of an Individual Retirement Annuity, SEP IRA or SIMPLE IRA must annually report the amount of non-deductible purchase payments, the amount of any distribution, the amount by which non-deductible purchase payments for all years exceed non-taxable distributions for all years, and the total balance of all Individual Retirement Annuities, SEP IRAs or SIMPLE IRAs. Distributions from Roth IRAs may be either taxable or nontaxable, depending upon whether they are "qualified distributions" or "non-qualified distributions."
Other rules may apply to Qualified Contracts.
Same-Sex Marriages, Domestic Partnership, and Other Similar Relationships
The Treasury issued final regulations that address what relationships are considered marriages for federal tax purposes. The final regulations definition of a marriage reflects the United States Supreme Court holdings in Windsor and Obergefell, as well as Rev. Proc. 2017-13.
The final regulations define the terms "spouse", "husband", "wife", and "husband and wife" to be gender neutral so that such terms can apply equally to same sex couples and opposite sex couples. In addition, the regulations adopt the "place of celebration" rule to determine marital status for federal tax purposes. A marriage of two individuals is recognized for federal tax purposes if the marriage is recognized by a state, possession, or territory of the US in which the marriage was entered into, regardless of the couples place of domicile.
Consistent with Rev. Proc. 2013-17 the final regulations provide that relationships entered into as civil unions, or registered domestic partnerships that are not denominated as marriages under state law are not marriages for federal tax purposes. Therefore, the favorable income-tax deferral options afforded by federal tax law to a married spouse under Code Sections 72 and 401(a)(9) are not available to individuals who have entered into these formal relationships.
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Taxation of Non-Qualified Contracts
Non-Natural Person. If a non-natural person (e.g., a corporation or certain trusts) owns a Non-Qualified Contract, the taxpayer generally must include in income any increase in the excess of the Contract value over the investment in the Contract (generally, the Purchase Payments or other consideration paid for the Contract) during the taxable year. There are some exceptions to this rule and a prospective Owner that is not a natural person should discuss these with a tax adviser.
The following discussion generally applies to Contracts owned by natural persons.
Withdrawals. In general, when a withdrawal from a Non-Qualified Contract occurs, the amount received will be treated as ordinary income subject to tax up to an amount equal to the excess (if any) of the Contract value immediately before the withdrawal over the Owner’s investment in the Contract (generally, the Purchase Payments or other consideration paid for the Contract, reduced by any amount previously distributed from the Contract that was not subject to tax) at that time. For information on the tax consequences of Advisor Fee withdrawals, please see "Taxation of Non-Qualified Contracts – Advisor Fees." In the case of a surrender under a Non-Qualified Contract, the amount received generally will be taxable only to the extent it exceeds the Owner’s investment in the Contract.
Penalty Tax on Certain Withdrawals. In the case of a distribution from a Non-Qualified Contract, there may be imposed a federal tax penalty equal to ten percent of the amount treated as income. In general, however, there is no penalty on distributions:
• made on or after the taxpayer reaches age 59 1/2;
• made on or after the death of an Owner;
• attributable to the taxpayer’s becoming disabled; or
• made as part of a series of substantially equal periodic payments for the life (or life expectancy) of the taxpayer and the Beneficiary. If the series of substantially equal periodic payments is modified before the later of the Owner attaining age 59 1/2 or five years from the date of the first periodic payment, then the tax for the year of the modification is increased by an amount equal to the tax which would have been imposed (the 10% penalty tax) but for the exception, plus interest for the tax years in which the exception was used.
Other exceptions may be applicable under certain circumstances and special rules may be applicable in connection with the exceptions enumerated above. Also, additional exceptions apply to distributions from a Qualified Contract. You should consult a tax adviser with regard to exceptions from the penalty tax.
Advisor Fees. In a private letter ruling issued to the Company in 2019, the IRS ruled that the payment of Advisor Fees will not be treated as distributions from Non-Qualified Contracts, will not be taxable to the Owner, are not reportable to the IRS as distributions from the Contract, and are not subject to the 10% penalty for early withdrawal by Owners who are under age 59 ½ if all of the following requirements are met:
• the annuity contract is designed for Owners who will receive ongoing investment advice from an Investment Advisor who is appropriately licensed and in the business of providing investment advice;
• the Contract Owner authorizes Advisor Fees to be paid periodically to the advisor from the Contract’s cash value;
• the Advisor Fees will be determined based on an arms-length transaction between the Owner and Investment Advisor;
• the Advisor Fees will not exceed an amount equal to an annual rate of 1.5% of the Contract’s cash value determined at the time and in the manner provided by the fee authorization, but in all events based on the cash value during the period to which the Advisor Fees relate ("PLR Permitted Amount");
• the Advisor Fees will compensate the Investment Advisor only for investment advice that the Investment Advisor provides to the Owner with respect to the Contract and not for any other services or accounts;
• while the fee agreement is in place, the Contract will be solely liable for the payment of Advisor Fees directly to the Investment Advisor;
• the Owner may not pay the fees to the Investment Advisor from any other accounts or assets nor can the Owner direct the payment of fees for any other purpose or to any other person; and
• the Investment Advisor will not receive a commission for the sale of the Contract.
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It is unclear how an Advisor Fee in excess of the 1.5% limit will be treated by the IRS. The IRS may take the position that it is entirely subject to the standard tax treatment for withdrawals or it may treat only the amount in excess of the 1.5% amount as a taxable distribution to the Owner. Although the tax treatment is unclear, Nationwide will report to the IRS the amount of any Advisor Fee in excess of the 1.5% as a taxable distribution.
Beginning in 2020, the PLR Permitted Amount for each eligible Contract as follows.
Systematic Advisor Fees. "Systematic Advisor Fees" are Advisor Fees that are automatically withdrawn according to our designated form that specifies the frequency and basis (e.g. contract value or average daily contract value). If either the frequency or the basis is changed during a calendar year, then the Non-Systematic Advisor Fee calculation will apply for that calendar year. Systematic Advisor Fees withdrawn will be within the PLR Permitted Amount if:
• The amount of the Systematic Advisor Fee being withdrawn is less than or equal to (1.5% / frequency of withdrawals ) x basis on the date of withdrawal; or
• The annual cumulative total of Systematic Advisor Fees withdrawn is less than or equal to (1.5% x basis on the date of withdrawal).
If the amount of the Systematic Advisor Fee exceeds the PLR Permitted Amount, then the amount in excess of the PLR Permitted Amount will be reported as taxable.
Non-Systematic Advisor Fees. "Non-Systematic Advisor Fees" are Advisor Fees that do not meet the definition of Systematic Advisor Fees. Non-Systematic Advisor Fees withdrawn will be within the PLR Permitted Amount if the annual cumulative total of the Non-Systematic Advisor Fees withdrawn from an eligible Contract is less than or equal to 1.5% multiplied by the year-to-date average daily asset value on the date of the withdrawal.
Annuity Payments. Although tax consequences may vary depending on the payout option elected under an annuity contract, a portion of each Annuity Payment is generally not taxed and the remainder is taxed as ordinary income. The non-taxable portion of an Annuity Payment is generally determined in a manner that is designed to allow you to recover your investment in the Contract ratably on a tax-free basis over the expected stream of Annuity Payments, as determined when Annuity Payments start. Once your investment in the Contract has been fully recovered, however, the full amount of each Annuity Payment is subject to tax as ordinary income.
Taxation of Death Benefit Proceeds. Amounts may be distributed from a Contract because of your death or the death of the Annuitant. Generally, such amounts are includible in the income of the recipient as follows: (i) if distributed in a lump sum, they are taxed in the same manner as surrender of the Contract, or (ii) if distributed under a payout option, they are taxed in the same way as annuity payments.
Transfers, Assignments or Exchanges of a Contract. A transfer or assignment of ownership of a Contract, the designation of an Annuitant, the selection of certain maturity dates, or the exchange of a contract may result in certain tax consequences to you that are not discussed herein. An Owner contemplating any such transfer, assignment or exchange, should consult a tax advisor as to the tax consequences.
Withholding. Annuity distributions are generally subject to withholding for the recipient’s federal income tax liability. Recipients can generally elect, however, not to have tax withheld from distributions.
Multiple Contracts. All Non-Qualified deferred annuity contracts that are issued by Us (or Our affiliates) to the same Owner during any calendar year may be treated as one annuity contract for purposes of determining the amount includible in such Owner’s income when a taxable distribution occurs.
Partial 1035 Exchanges. The Internal Revenue Service issued Rev. Proc. 2011-38 that indicates that in the case of a Non-Qualified Contract, if a withdrawal is taken from either the original annuity contract or the receiving annuity contract within a 180 day period following a partial 1035 exchange that the partial 1035 exchange will not receive tax-free treatment. The IRS will apply general tax principles to determine the substance and treatment of the transfer. There are some exceptions to this rule and a prospective Owner should discuss any contemplated partial 1035 for a Non-Qualified Contract with a tax adviser.
Owner (Investor) Control. For variable contracts, tax deferral depends on the insurance company and not you having control of the assets held in the separate accounts. You can allocate some or all of your Account Values from one Investment Portfolio to another but you cannot direct the investments each Investment Portfolio makes. If you have too much "investor control" of the assets supporting the Investment Portfolio, then you will be taxed on the gain in the contract as it is earned rather than when it is withdrawn.
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In 2003, the Internal Revenue Service ("IRS") in Revenue Ruling 2003-91, issued formal guidance that indicates that if the number of underlying mutual funds available in a variable insurance product does not exceed 20, the number of underlying mutual funds alone would not cause the contract to not qualify for the desired tax treatment. The IRS has also indicated that exceeding 20 investment options may be considered a factor along with other factors, including the number of transfer opportunities available under the contract, when determining whether the contract qualifies for the desired tax treatment. The Revenue Ruling did not indicate the actual number of underlying mutual funds that would cause the contract to not provide the desired tax treatment but stated that whether the owner of a variable contract is to be treated as the owner of the assets held by the insurance company under the contract will depend on all of the facts and circumstances. In describing the acceptability of the 20 fund options in the ruling, the IRS indicated that each fund had a different investment strategy and that the investment strategies of each fund was sufficiently broad to prevent the policyholder from making particular investment decisions through investment in a fund.
The Revenue Ruling considered certain variable annuity and variable life insurance contracts and held that the types of actual and potential control that the contract owners could exercise over the investment assets held by the insurance company under the variable contracts was not sufficient to cause the contract owners to be treated as the owners of those assets and thus to be subject to current income tax on the income and gains produced by those assets. Under this Contract, like the contracts described in the Revenue Ruling, there will be no arrangement, plan, contract, or agreement between the Contract Owner and the Company regarding the availability of a particular investment option and, other than the Contract Owner’s right to allocate Purchase Payments and transfer funds among the available Sub-accounts, all investment decisions concerning the Sub-accounts will be made by Us or an advisor in its sole and absolute discretion.
Contracts such as this one, with more than 20 fund options, raise investor control concerns. It is possible that the IRS may determine that due to the number of different fund options and the fact that some funds may have the same investment strategy, there is an investor control issue with this Contract. However, at this time We believe that due to the lack of any arrangement, plan, contract or agreement between the contract holder and Us concerning the availability of particular options, based on the totality of the facts and circumstances, this contract satisfies the current IRS requirements.
At this time, it cannot be determined whether additional guidance will be provided by the U.S. Treasury on this issue and what standards may be contained in such guidance. Should the U.S. Treasury issue additional rules or regulations limiting the number of underlying mutual funds, transfers between or among underlying mutual funds, exchanges of underlying mutual funds or changes in investment objectives of underlying mutual funds such that the Contract would no longer qualify for tax deferred treatment under section 72 of the Internal Revenue Code, the Company reserves the right to modify the Contract to the extent required to maintain favorable tax treatment.
Taxation of Qualified Contracts
The tax rules applicable to Qualified Contracts vary according to the type of retirement plan and the terms and conditions of the plan. Your rights under a Qualified Contract may be subject to the terms of the retirement plan itself, regardless of the terms of the Qualified Contract. Adverse tax consequences may result if you do not ensure that contributions, distributions and other transactions with respect to the Contract comply with the law. The Statement of Additional Information contains a summary discussion of certain tax rules generally applicable to Individual Retirement Accounts (IRAs), as defined in Section 408 of the Code, Roth IRAs, as described in Code Section 408A, corporate pension and profit-sharing plans under Section 401(a) of the Code, and certain deferred compensation plans under Code Section 457.
CARES Act. The CARES Act was enacted on March 27, 2020. The CARES Act made numerous changes to the Internal Revenue Code effective January 1, 2020, including the following:
• Waiving the 2020 lifetime and post death minimum distribution requirement (RMD) from defined contribution plans and IRAs, including the 2019 RMD taken in 2020 for those individuals turning 70 1/2 in 2019. Additionally, 2020 will not be counted in measuring the five-year distribution period requirement for post death RMDs, with the result that the five-year period is extended by one year.
• Relief for coronavirus-related distributions and loans from qualified plans and IRAs, which includes an exception from the 10% penalty for early distribution and an exemption from the 20% mandatory withholding requirement.
Along with the passage of the CARES Act, the IRS extended the deadline to make a 2019 IRA or Roth IRA contribution to July 15, 2020 in order to coincide with the extended deadline for filing an individual’s income tax return.
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Required Minimum Distributions
Generally, distributions from a qualified plan must commence no later than April 1 of the calendar year following the later of: (a) the year in which the employee attains age 70 1/2 (age 72 for those employees who turn age 72 on or after January 1, 2020) or (b) the calendar year in which the employee retires. The date set forth in (b) does not apply to a traditional SEP or SIMPLE IRAs, or to a 5% or more owner of the employer sponsoring the plan, and the required distribution rules do not apply to Roth IRAs. Required distributions must be over a period not exceeding the life expectancy of the individual or the joint lives or life expectancies of the individual and his or her designated beneficiary. If the required minimum distributions are not made, a 50% penalty tax is imposed as to the amount not distributed.
Medicare Tax
A 3.8% Medicare contribution tax will be imposed on the "net investment income" of certain individuals whose income exceeds certain threshold amounts. For purposes of this tax, net investment income will include income from Non-Qualified Contracts (as well as interest, dividends and certain other items). The 3.8% Medicare tax is imposed on the lesser of:
(1) the taxpayer’s "net investment income" (from non-qualified annuities, interest, dividends, etc., offset by specified allowable deductions); or
(2) the taxpayer’s modified adjusted gross income in excess of a specified income threshold ($250,000 for married couples filing jointly, $125,000 for married couples filing separately and $200,000 otherwise).
"Net investment income" in item 1 does not include distributions from tax-qualified plans (i.e. IRAs, Roth IRAs or arrangements described in Code Sections 401(a), 403(a), 403(b) or 457(b)), but such income will increase modified adjusted gross income in item 2. The IRS has issued proposed guidance regarding this income surtax. You should consult your tax advisor regarding the applicability of this tax to income you would receive under the Contract.
Seek Tax Advice
The above description of federal income tax consequences is only a brief summary meant to alert you to the issues and is not intended as tax advice. Anything less than full compliance with the applicable rules, all of which are subject to change, may have adverse tax consequences. A prospective Contract Owner considering purchase of a Contract should first consult a qualified tax adviser.
Possible Tax Law Changes
Although the likelihood of legislative changes is uncertain, there is always the possibility that the tax treatment of the Contract could change by legislation or otherwise. Consult a tax adviser with respect to legislative developments and their effect on the Contract.
We have the right to modify the Contract in response to legislative changes that could otherwise diminish the favorable tax treatment that Contract Owners currently receive. We make no guarantee regarding the tax status of any Contract and do not intend the above discussion as tax advice.
Other Information
Legal Proceedings
Jefferson National Life Insurance Company of New York ("the Company")
The Company is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope, and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company’s financial condition.
The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Office of the Comptroller of the Currency, and state insurance
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authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.
Jefferson National Securities Corporation ("JNSC")
The general distributor, JNSC, is not engaged in any litigation that is likely to have a material adverse effect on its ability to perform its contract with the Variable Account.
Abandoned Property Requirements
Every state has unclaimed property laws that generally declare non-qualified annuity contracts to be abandoned after a period of inactivity of three to five years from the contract’s maturity date or the date the Death Benefit Amount is due and payable. For example, if the payment of the Death Benefit Amount has been triggered, but, if after a thorough search, we are still unable to locate the Beneficiary of the Death Benefit Amount, or the Beneficiary does not come forward to claim the Death Benefit Amount in a timely manner, the Death Benefit Amount will be paid to the abandoned property division or unclaimed property office of the state in which the Beneficiary or you last resided, as shown on our books and records, or to our state of domicile. Escheatment is the formal, legal name for this process. However, the state is obligated to pay the Death Benefit Amount (without interest) if your Beneficiary steps forward to claim it with proper documentation. To prevent your Contract’s proceeds from being paid to the state abandoned or unclaimed property office, it is important that you update your Beneficiary designations, including addresses, if and as they change. Please contact us to make such changes.
Proof of Age and Survival
The Company may require proof of age or survival of any person on whose life annuity payments depend.
Misstatements
If you misstate the age or sex of an Annuitant or age of an Owner, the correct amount paid or payable by the Company under the Contract shall be such as the Contract Value would have provided for the correct age or sex (unless unisex rates apply). The Company reserves the right to adjust future payments to offset any prior overpayments or underpayments.
Changes to Comply with Law and Amendments
The Company reserves the right, without the consent of Owners, to suspend sales of the Contract and to make any change to the provisions of the Contract to comply with, or give Owners the benefit of, any federal or state statute, rule or regulation, including but not limited to requirements for annuity contracts and retirement plans under the Internal Revenue Code and regulations thereunder or any state statute or regulation.
The Separate Account
We established a separate account to hold the assets that underlie the Contracts. Jefferson National Life of New York Annuity Account 1 serves the variable annuity portion of the Contract. The Board of Directors of Jefferson National adopted a resolution to establish the Separate Account under New York Insurance law on June 20, 2014. Jefferson National Life of New York Annuity Account 1 is registered with the Securities and Exchange Commission as a unit investment trust under the Investment Company Act of 1940. Jefferson National Life of New York Annuity Account 1 is divided into Sub-accounts. Registration under the 1940 Act does not involve the supervision by the SEC of the management or investment policies or practices of the variable account. The Separate Account is regulated by the New York Department of Financial Services. Regulation by the state, however, does not involve any supervision of the Separate Account, except to determine compliance with broad statutory criteria.
The assets of the Separate Account are held in Our name on behalf of the Separate Account and legally belong to Us. However, those assets that underlie the Contract are not chargeable with liabilities arising out of any other business we may conduct. All the income, gains and losses (realized or unrealized) resulting from these assets are credited to or charged against the Contracts and not against any other Contracts we may issue.
Where permitted by law, we may:
• create new Separate Accounts;
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• combine separate accounts, including combining the Separate Account with another separate account established by the Company;
• transfer assets of the Separate Account, which we determine to be associated with the class of policies to which this policy belongs, to another separate account;
• transfer the Separate Account to another insurance company;
• add new Sub-accounts to or remove Sub-accounts from the Separate Account, or combine Sub-accounts;
• make the Sub-accounts available under other policies we issue;
• add new Investment Portfolios or remove existing Investment Portfolios;
• substitute new Investment Portfolios for any existing Investment Portfolio which we determine is no longer appropriate in light of the purposes of the Separate Account;
• deregister the Separate Account under the Investment Company Act of 1940; and
• operate the Separate Account under the direction of a committee or in another form.
Distributor
Jefferson National Securities Corporation (JNSC), 10350 Ormsby Park Place, Louisville, Kentucky 40223, acts as the distributor of the Contracts. JNSC is a broker-dealer registered under the Securities Exchange Act of 1934 and a member of FINRA. Sales of the Contracts may be made by registered representatives of broker-dealers authorized to sell the Contracts. See the Statement of Additional Information for more information.
We pay no Commissions to broker-dealers who sell the Contracts. Under certain circumstances, payments may be made to certain broker-dealers, sellers, third party money managers, third party marketing organizations or investment advisors for other services such as platform access fees, marketing support, and/or reimbursement of conference expenses. Certain employees of the Company may receive incentive compensation based on efforts assisting the Company in the sale of Contracts.
Financial Statements
Our financial statements and schedules have been included in the Statement of Additional Information and should be considered only as bearing on the ability of the Company to meet its obligations under the Contracts. They should not be considered as bearing on the investment performance of the Investment Portfolios. The value of the Investment Portfolios is affected primarily by the performance of the underlying investments.
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APPENDIX A: More Information About the Investment Portfolios
This appendix contains information about the Investment Portfolios in which the Sub-Accounts invest. The Investment Portfolios in which the Sub-Accounts invest are designed primarily as investments for variable annuity contracts and variable life insurance policies issued by insurance companies. There is no guarantee that the investment objectives will be met. Refer to the prospectus for each Investment Portfolio for more detailed information. Underlying prospectuses for the Investment Portfolios are available online or through your Secure Online Account and by contacting the Jefferson National Service Center.
   
Designations Key:
EC: The Investment Portfolio imposes an early cut-off time for transfer requests (see Transfers – Early Cut-off Times).
FF: The Investment Portfolio primarily invests in other mutual funds. Therefore, a proportionate share of the fees and expenses of any acquired funds are indirectly borne by investors. As a result, investors in this Sub-Account may incur higher charges than if the assets were invested in an Investment Portfolio that does not invest in other mutual funds. Refer to the prospectus for this Investment Portfolio for more information.
LCFF: Nationwide assesses a Low Cost Fund Fee on allocations to this Sub-Account because the Investment Portfolio does not provide the Company with sufficient revenue (see Expenses - Low Cost Fund Platform Fee). The revenue (12b-1 fees) compensates the Company for promoting, marketing, and administering the contract and the Investment Portfolios.
VOL: The Investment Portfolio uses a volatility management strategy to reduce a Contract Owner’s exposure to equity investments when equity markets are volatile which may limit investment losses in a down market. However, use of such a strategy may also limit the growth of Contract Value. Allocation to this type of Investment Portfolio may result in foregone investment gains that could otherwise be realized by investing in riskier Investment Portfolios.
Advisors Preferred Trust - Gold Bullion Strategy Portfolio
Investment Advisor: Advisors Preferred, LLC
Sub-advisor: Flexible Plan Investments, Ltd.
Investment Objective: The Fund seeks returns that reflect the performance of the price of Gold bullion.
Designation: EC: 3:30 PM EST
Alger Capital Appreciation Portfolio: Class I-2 Shares
Investment Advisor: Fred Alger Management, LLC
Investment Objective: Seeks long-term capital appreciation
Alger Large Cap Growth Portfolio: Class I-2 Shares
Investment Advisor: Fred Alger Management, LLC
Investment Objective: Seeks long-term capital appreciation.
Alger Mid Cap Growth Portfolio: Class I-2 Shares
Investment Advisor: Fred Alger Management, LLC
Investment Objective: Seeks long-term capital appreciation.
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Global Thematic Growth Portfolio: Class B
Investment Advisor: AllianceBernstein L.P.
Investment Objective: Long-term growth of capital
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Growth and Income Portfolio: Class A
Investment Advisor: AllianceBernstein L.P.
Investment Objective: Long-term growth of capital.
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS International Growth Portfolio: Class B
Investment Advisor: AllianceBernstein L.P.
Investment Objective: Long-term growth of capital
AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Small/Mid Cap Value Portfolio: Class B
Investment Advisor: AllianceBernstein L.P.
Investment Objective: Long-term growth of capital.
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ALPS Variable Investment Trust - ALPS/Alerian Energy Infrastructure Portfolio: Class III
Investment Advisor: ALPS Advisors, Inc.
Investment Objective: Seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Alerian Energy Infrastructure Index (the "Index").
ALPS Variable Investment Trust - ALPS/Red Rocks Global Opportunity Portfolio: Class III
Investment Advisor: ALPS Advisors, Inc.
Sub-advisor: Red Rocks Capital LLC
Investment Objective: Seeks to maximize total return, which consists of appreciation on its investments and a variable income stream.
ALPS Variable Investment Trust - Morningstar Aggressive Growth ETF Asset Allocation Portfolio: Class II
Investment Advisor: ALPS Advisors, Inc.
Sub-advisor: Morningstar Investment Management LLC
Investment Objective: The Portfolio seeks to provide investors with capital appreciation.
ALPS Variable Investment Trust - Morningstar Balanced ETF Asset Allocation Portfolio: Class II
Investment Advisor: ALPS Advisors, Inc.
Sub-advisor: Morningstar Investment Management LLC
Investment Objective: Capital appreciation and some current income.
ALPS Variable Investment Trust - Morningstar Conservative ETF Asset Allocation Portfolio: Class II
Investment Advisor: ALPS Advisors, Inc.
Sub-advisor: Morningstar Investment Management LLC
Investment Objective: Current income and preservation of capital.
ALPS Variable Investment Trust - Morningstar Growth ETF Asset Allocation Portfolio: Class II
Investment Advisor: ALPS Advisors, Inc.
Sub-advisor: Morningstar Investment Management LLC
Investment Objective: Capital appreciation.
ALPS Variable Investment Trust - Morningstar Income & Growth ETF Asset Allocation Portfolio: Class II
Investment Advisor: ALPS Advisors, Inc.
Sub-advisor: Morningstar Investment Management LLC
Investment Objective: Current income and capital appreciation
American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: The fund pursues long-term total return using a strategy that seeks to protect against U.S. inflation.
American Century Variable Portfolios, Inc. - American Century VP Balanced Fund: Class I
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: Long-term capital growth and current income by investing approximately 60% of its assets in equity securities and the remainder in bonds and other fixed-income securities.
American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: Capital growth by investing in common stocks. Income is a secondary objective.
American Century Variable Portfolios, Inc. - American Century VP International Fund: Class I
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: Capital growth.
American Century Variable Portfolios, Inc. - American Century VP Large Company Value Fund: Class I
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: The fund seeks long-term capital growth. Income is a secondary objective.
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American Century Variable Portfolios, Inc. - American Century VP Ultra® Fund: Class I
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: Long-term capital growth.
American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class I
Investment Advisor: American Century Investment Management, Inc.
Investment Objective: Long-term capital growth with income as a secondary objective.
American Funds Insurance Series® - American Funds Mortgage Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide current income and preservation of capital.
American Funds Insurance Series® - American High-Income Trust: Class 4 (formerly, American Funds Insurance Series® - High-Income Bond Fund: Class 4)
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide a high level of current income and, secondarily, capital appreciation.
American Funds Insurance Series® - Asset Allocation Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide high total return consistent with preservation of capital over the long term.
American Funds Insurance Series® - Capital Income Builder®: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Has two primary investment objectives. It seeks (1) to provide a level of current income that exceeds the average yield on U.S. stocks generally and (2) to provide a growing stream of income over the years. The fund's secondary objective is to provide growth of capital.
American Funds Insurance Series® - Capital World Bond Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide, over the long term, a high level of total return consistent with prudent investment management.
American Funds Insurance Series® - Capital World Growth & Income Fund: Class 4 (formerly, American Funds Insurance Series® - Global Growth & Income Fund: Class 4)
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide long-term growth of capital while providing current income.
American Funds Insurance Series® - Global Growth Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide long-term growth of capital.
American Funds Insurance Series® - Global Small Capitalization Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide long-term growth of capital.
American Funds Insurance Series® - Growth Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide growth of capital.
American Funds Insurance Series® - Growth-Income Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to achieve long-term growth of capital and income.
American Funds Insurance Series® - International Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide long-term growth of capital.
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American Funds Insurance Series® - International Growth & Income Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide long-term growth of capital while providing current income
American Funds Insurance Series® - Managed Risk Asset Allocation Fund: Class P2
Investment Advisor: Capital Research and Management Company
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: Seeks to provide high total return consistent with preservation of capital over the long term while seeking to manage volatility and provide downside protection.
Designation: FF, VOL
American Funds Insurance Series® - Managed Risk Washington Mutual Investors Fund: Class P2 (formerly, American Funds Insurance Series® - Managed Risk Blue Chip Income & Growth Fund: Class P2)
Investment Advisor: Capital Research and Management Company
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: The fund’s investment objectives are to produce income exceeding the average yield on U.S. stocks generally and to provide an opportunity for growth of principal consistent with sound common stock investing, in each case while seeking to manage volatility and provide downside protection.
American Funds Insurance Series® - New World Fund®: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks long-term capital appreciation.
American Funds Insurance Series® - The Bond Fund of America: Class 4 (formerly, American Funds Insurance Series® - Bond Fund: Class 4
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide as high a level of current income as is consistent with the preservation of capital.
American Funds Insurance Series® - U.S. Government Securities Fund: Class 4 (formerly, American Funds Insurance Series® - U.S. Government/AAA-Rated Securities Fund: Class 4)
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to provide a high level of current income consistent with preservation of capital.
American Funds Insurance Series® - Washington Mutual Investors Fund: Class 4 (formerly, American Funds Insurance Series® - Blue Chip Income and Growth Fund: Class 4)
Investment Advisor: Capital Research and Management Company
Investment Objective: Seeks to produce income exceeding the average yield on U.S. stocks generally and to provide an opportunity for growth of principal consistent with sound common stock investing.
BlackRock Variable Series Funds II, Inc. - BlackRock High Yield V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Financial Management, Inc.
Investment Objective: The Fund seeks to maximize total return, consistent with income generation and prudent investment management.
BlackRock Variable Series Funds II, Inc. - BlackRock Total Return V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Financial Management, Inc.
Investment Objective: To maximize total return, consistent with income generation and prudent investment management.
BlackRock Variable Series Funds II, Inc. - BlackRock U.S. Government Bond V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The investment objective of the Fund is to seek to maximize total return, consistent with income generation and prudent investment management.
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BlackRock Variable Series Funds, Inc. - BlackRock Advantage Large Cap Core V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Investment Objective: The investment objective of the Fund is to seek high total investment return.
BlackRock Variable Series Funds, Inc. - BlackRock Advantage Large Cap Value V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Investment Objective: To seek long-term capital appreciation.
BlackRock Variable Series Funds, Inc. - BlackRock Equity Dividend V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: To seek long-term total return and current income.
BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: Seeks high total investment return.
BlackRock Variable Series Funds, Inc. - BlackRock Large Cap Focus Growth V.I. Fund: Class III
Investment Advisor: BlackRock Advisors, LLC
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The investment objective of the Fund is to seek long-term capital growth.
BNY Mellon Investment Portfolios - Small Cap Stock Index Portfolio: Service Shares
Investment Advisor: BNY Mellon Investment Adviser, Inc.
Investment Objective: The fund seeks to match the performance of the Standard & Poor's® SmallCap 600 Index (S&P SmallCap 600 Index).
BNY Mellon Stock Index Fund, Inc.: Initial Shares
Investment Advisor: BNY Mellon Investment Adviser, Inc.
Sub-advisor: Mellon Investments Corporation
Investment Objective: The fund seeks to match the total return of the S&P 500® Index.
Designation: LCFF
BNY Mellon Sustainable U.S. Equity Portfolio, Inc.: Initial Shares
Investment Advisor: BNY Mellon Investment Adviser, Inc.
Sub-advisor: Newton Investment Management Limited
Investment Objective: The fund seeks long-term capital appreciation.
Calvert Variable Products, Inc. - Calvert VP SRI Balanced Portfolio: Class F
Investment Advisor: Calvert Research and Management
Investment Objective: Provide a competitive total return through an actively managed portfolio of stocks, bonds, and money market instruments which offer income and capital growth opportunity.
Columbia Funds Variable Insurance Trust - Columbia Variable Portfolio - Strategic Income Fund: Class 2
Investment Advisor: Columbia Management Investment Advisors, LLC
Investment Objective: Seeks total return, consisting of current income and capital appreciation.
Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - Select Large Cap Value Fund: Class 1
Investment Advisor: Columbia Management Investment Advisors, LLC
Investment Objective: Seeks to provide shareholders with long-term growth of capital.
Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - Select Small Cap Value Fund: Class 1
Investment Advisor: Columbia Management Investment Advisors, LLC
Investment Objective: Seeks to provide shareholders with long-term growth of capital.
Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - Seligman Global Technology Fund: Class 2
Investment Advisor: Columbia Management Investment Advisors, LLC
Investment Objective: Seeks to provide shareholders with long-term capital appreciation.
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Credit Suisse Trust - Commodity Return Strategy Portfolio: Class 1 (formerly, Credit Suisse Trust - Commodity Return Strategy Portfolio)
Investment Advisor: Credit Suisse Asset Management, LLC
Investment Objective: Total Return.
Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Service Class
Investment Advisor: Delaware Management Company, Inc.
Investment Objective: The fund seeks capital appreciation.
DFA Investment Dimensions Group Inc. - VA Equity Allocation Portfolio: Institutional Class
Investment Advisor: Dimensional Fund Advisors LP
Sub-advisor: Dimensional Fund Advisors LTD, DFA Australia Limited
Investment Objective: To achieve long-term capital appreciation.
Designation: FF, LCFF
DFA Investment Dimensions Group Inc. - VA Global Bond Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Sub-advisor: Dimensional Fund Advisors LTD, DFA Australia Limited
Investment Objective: To provide a market rate of return for a fixed income portfolio with low relative volatility of returns.
Designation: LCFF
DFA Investment Dimensions Group Inc. - VA Global Moderate Allocation Portfolio: Institutional Class (formerly, DFA Investment Dimensions Group Inc. - DFA VA Global Moderate Allocation Portfolio: Institutional Class)
Investment Advisor: Dimensional Fund Advisors LP
Investment Objective: To seek total return consisting of capital appreciation and current income.
Designation: FF, LCFF
DFA Investment Dimensions Group Inc. - VA International Small Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Sub-advisor: Dimensional Fund Advisors LTD, DFA Australia Limited
Investment Objective: To achieve long-term capital appreciation.
Designation: LCFF
DFA Investment Dimensions Group Inc. - VA International Value Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Sub-advisor: Dimensional Fund Advisors LTD, DFA Australia Limited
Investment Objective: To achieve long-term capital appreciation.
Designation: LCFF
DFA Investment Dimensions Group Inc. - VA Short-Term Fixed Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Sub-advisor: Dimensional Fund Advisors LTD, DFA Australia Limited
Investment Objective: To achieve a stable real return in excess of the rate of inflation with a minimum of risk.
Designation: LCFF
DFA Investment Dimensions Group Inc. - VA U.S. Large Value Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Investment Objective: To achieve long-term capital appreciation.
Designation: LCFF
DFA Investment Dimensions Group Inc. - VA U.S. Targeted Value Portfolio
Investment Advisor: Dimensional Fund Advisors LP
Investment Objective: To achieve long-term capital appreciation.
Designation: LCFF
Eaton Vance Variable Trust - Eaton Vance VT Floating-Rate Income Fund: Initial Class
Investment Advisor: Eaton Vance Management
Investment Objective: The fund seeks to provide a high level of current income.
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Federated Hermes Insurance Series - Federated Hermes High Income Bond Fund II: Primary Shares
Investment Advisor: Federated Investment Management Company
Investment Objective: High current income.
Federated Hermes Insurance Series - Federated Hermes Kaufmann Fund II: Service Shares
Investment Advisor: Federated Equity Management Company of Pennsylvania
Sub-advisor: Federated Global Investment Management Corp.
Investment Objective: Capital appreciation.
Federated Hermes Insurance Series - Federated Hermes Managed Volatility Fund II: Primary Shares
Investment Advisor: Federated Equity Management Company of Pennsylvania
Sub-advisor: Federated Investment Management Company, Federated Advisory Services Company, Fed Global
Investment Objective: To achieve high current income and moderate capital appreciation.
Designation: VOL
Fidelity Variable Insurance Products Fund - Fidelity VIP Freedom Income Fund Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Seeks high total return with a secondary objective of principal preservation.
Designation: FF
Fidelity Variable Insurance Products Fund - VIP Balanced Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Income and capital growth consistent with reasonable risk.
Fidelity Variable Insurance Products Fund - VIP Contrafund® Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Long-term capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Disciplined Small Cap Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Sub-advisor: Geode Capital Management, LLC
Investment Objective: The fund seeks capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Energy Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Reasonable income.
Fidelity Variable Insurance Products Fund - VIP Growth & Income Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: High total return through a combination of current income and capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Growth Opportunities Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: The fund seeks to provide capital growth.
Fidelity Variable Insurance Products Fund - VIP Growth Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Capital appreciation.
Fidelity Variable Insurance Products Fund - VIP High Income Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: High level of current income while also considering growth of capital.
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Fidelity Variable Insurance Products Fund - VIP International Capital Appreciation Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Seeks capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Investment Grade Bond Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: High level of current income.
Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Long-term growth of capital.
Fidelity Variable Insurance Products Fund - VIP Overseas Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Sub-advisor: FMR Co., Inc. (FMRC), FMR Investment Management (UK) Limited (FMR UK), and other investment advisers serve as sub-advisers for the fund.
Investment Objective: Long-term growth of capital.
Fidelity Variable Insurance Products Fund - VIP Real Estate Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: The fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund seeks to provide a yield that exceeds the composite yield of the S&P 500® Index.
Fidelity Variable Insurance Products Fund - VIP Strategic Income Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Sub-advisor: FIL Investment Advisors (UK) Limited (FIA(UK)), and other investment advisers serve as sub-advisers for the fund
Investment Objective: The fund seeks a high level of current income. The fund may also seek capital appreciation.
Fidelity Variable Insurance Products Fund - VIP Value Portfolio: Service Class 2
Investment Advisor: Fidelity Management & Research Company (FMR)
Investment Objective: Capital appreciation.
First Eagle Variable Funds - Overseas Variable Fund
Investment Advisor: First Eagle Investment Management, LLC
Investment Objective: The fund seeks long-term growth of capital by investing primarily in equities, including common and preferred stocks, warrants or other similar rights, and convertible securities, issued by non-U.S. companies.
Franklin Templeton Variable Insurance Products Trust - Franklin Global Real Estate VIP Fund: Class 2
Investment Advisor: Franklin Templeton Institutional, LLC
Investment Objective: Seeks high total return.
Franklin Templeton Variable Insurance Products Trust - Franklin Income VIP Fund: Class 2
Investment Advisor: Franklin Advisers, Inc.
Investment Objective: Seeks to maximize income while maintaining prospects for capital appreciation.
Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Shares VIP Fund: Class 2
Investment Advisor: Franklin Mutual Advisers, LLC
Investment Objective: Seeks capital appreciation, with income as a secondary goal.
Designation: FF
Franklin Templeton Variable Insurance Products Trust - Franklin Rising Dividends VIP Fund: Class 2
Investment Advisor: Franklin Advisers, Inc.
Investment Objective: Seeks long-term capital appreciation, with preservation of capital as an important consideration.
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Franklin Templeton Variable Insurance Products Trust - Franklin Strategic Income VIP Fund: Class 2
Investment Advisor: Franklin Advisers, Inc.
Investment Objective: Seeks high level of current income, with capital appreciation over the long term as a secondary goal.
Franklin Templeton Variable Insurance Products Trust - Franklin U.S. Government Securities VIP Fund: Class 2
Investment Advisor: Franklin Advisers, Inc.
Investment Objective: Seeks income.
Franklin Templeton Variable Insurance Products Trust - Templeton Global Bond VIP Fund: Class 2
Investment Advisor: Franklin Advisers, Inc.
Investment Objective: Seeks high current income, consistent with preservation of capital, with capital appreciation as a secondary consideration.
Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Advisor Shares
Investment Advisor: Goldman Sachs Asset Management, L.P.
Investment Objective: Seeks long-term growth of capital.
Guggenheim Variable Fund - Global Managed Futures Strategy
Investment Advisor: Guggenheim Investments
Investment Objective: The Global Managed Futures Strategy Fund (the "Fund") seeks to generate positive total returns over time.
Guggenheim Variable Fund - Long Short Equity Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Long-term capital appreciation.
Guggenheim Variable Fund - Multi-Hedge Strategies
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation consistent with the return and risk characteristics of the hedge fund universe and, secondarily, to achieve these returns with low correlation to and less volatility than equity indices.
Guggenheim Variable Funds Trust - Series E (Total Return Bond Series)
Investment Advisor: Guggenheim Investments
Investment Objective: Seeks to provide total return, comprised of current income and capital appreciation.
Guggenheim Variable Funds Trust - Series F (Floating Rate Strategies Series)
Investment Advisor: Guggenheim Investments
Investment Objective: To provide a high level of current income while maximizing total return.
Guggenheim Variable Funds Trust - Series J (StylePlus Mid Growth Series)
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation.
Guggenheim Variable Funds Trust - Series P (High Yield Series)
Investment Advisor: Guggenheim Investments
Investment Objective: High current income and capital appreciation as a secondary objective.
Guggenheim Variable Funds Trust - Series Q (Small Cap Value Series)
Investment Advisor: Guggenheim Investments
Investment Objective: Long-term capital appreciation.
Guggenheim Variable Funds Trust - Series Y (StylePlus - Large Growth Series)
Investment Advisor: Guggenheim Investments
Investment Objective: Long-term growth of capital.
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Invesco - Invesco V.I. Balanced-Risk Allocation Fund: Series II Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund’s investment objective is total return with a low to moderate correlation to traditional financial market indices.
Invesco - Invesco V.I. Comstock Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: To seek capital growth and income through investments in equity securities, including common stocks, preferred stocks and securities convertible into common and preferred stocks.
Invesco - Invesco V.I. Core Bond Fund: Series II (formerly, Invesco Oppenheimer V.I. Total Return Bond Fund: Series II)
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Seeks total return.
Invesco - Invesco V.I. Core Equity Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Long-term growth of capital.
Invesco - Invesco V.I. Core Plus Bond Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Total return, comprised of current income and capital appreciation.
Invesco - Invesco V.I. Diversified Dividend Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: To provide reasonable current income and long-term growth of income and capital.
Invesco - Invesco V.I. Equity and Income Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Both capital appreciation and current income
Invesco - Invesco V.I. Global Fund: Series II (formerly, Invesco Oppenheimer V.I. Global Fund: Series II)
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund seeks capital appreciation.
Invesco - Invesco V.I. Global Real Estate Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Sub-advisor: Invesco Asset Management Limited
Investment Objective: Total return through growth of capital and current income.
Invesco - Invesco V.I. Global Strategic Income Fund: Series II (formerly, Invesco Oppenheimer V.I. Global Strategic Income Fund: Series II)
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund seeks total return.
Invesco - Invesco V.I. Government Money Market Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: To provide current income consistent with preservation of capital and liquidity.
Invesco - Invesco V.I. Government Securities Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund's objective is total return, comprised of current income and capital appreciation.
Invesco - Invesco V.I. Growth and Income Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: To seek long-term growth of capital and income.
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Invesco - Invesco V.I. Health Care Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Long term growth of capital.
Invesco - Invesco V.I. High Yield Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Sub-advisor: Invesco Canada Ltd.
Investment Objective: Total return, comprised of current income and capital appreciation.
Invesco - Invesco V.I. International Growth Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Long-term growth of capital.
Invesco - Invesco V.I. Main Street Fund: Series II (formerly, Invesco Oppenheimer V.I. Main Street Fund: Series II)
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund seeks capital appreciation.
Invesco - Invesco V.I. Main Street Mid Cap Fund: Series II Shares (formerly, Invesco - Invesco V.I. Mid Cap Core Equity Fund: Series II Shares)
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Long-term growth of capital.
Invesco - Invesco V.I. Technology Fund: Series I Shares
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: Long-term growth of capital.
Invesco Oppenheimer V.I. International Growth Fund: Series II
Investment Advisor: Invesco Advisers, Inc.
Investment Objective: The Fund seeks capital appreciation.
Ivy Variable Insurance Portfolios - Asset Strategy: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide total return.
Ivy Variable Insurance Portfolios - Balanced: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide total return through a combination of capital appreciation and current income.
Ivy Variable Insurance Portfolios - Corporate Bond: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide current income consistent with preservation of capital.
Ivy Variable Insurance Portfolios - Energy: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide capital growth and appreciation.
Ivy Variable Insurance Portfolios - Global Bond: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide a high level of current income. Capital appreciation is a secondary objective.
Ivy Variable Insurance Portfolios - High Income: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide total return through a combination of high current income and capital appreciation.
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Ivy Variable Insurance Portfolios - Limited-Term Bond: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide current income consistent with preservation of capital.
Ivy Variable Insurance Portfolios - Mid Cap Growth: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide growth of capital.
Ivy Variable Insurance Portfolios - Natural Resources: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide capital growth and appreciation.
Ivy Variable Insurance Portfolios - Science and Technology: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide growth of capital.
Ivy Variable Insurance Portfolios - Value: Class II
Investment Advisor: Ivy Investment Management Company
Investment Objective: To seek to provide capital appreciation.
Janus Aspen Series - Janus Henderson Balanced Portfolio: Institutional Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Seeks long-term capital growth, consistent with preservation of capital and balanced by current income.
Janus Aspen Series - Janus Henderson Enterprise Portfolio: Institutional Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Long-term growth of capital.
Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Maximum total return, consistent with preservation of capital.
Janus Aspen Series - Janus Henderson Forty Portfolio: Institutional Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Seeks long-term growth of capital.
Janus Aspen Series - Janus Henderson Global Research Portfolio: Institutional Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Seeks long-term growth of capital.
Janus Aspen Series - Janus Henderson Mid Cap Value Portfolio: Institutional Shares
Investment Advisor: Janus Capital Management LLC
Sub-advisor: Perkins Investment Management LLC ("Perkins")
Investment Objective: Seeks capital appreciation.
Janus Aspen Series - Janus Henderson Overseas Portfolio: Institutional Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Long-term growth of capital.
Janus Aspen Series - Janus Henderson Research Portfolio: Institutional Shares
Investment Advisor: Janus Capital Management LLC
Investment Objective: Seeks long-term growth of capital.
Janus Aspen Series - Janus Henderson U.S. Low Volatility Portfolio: Service Shares
Investment Advisor: Janus Capital Management LLC
Sub-advisor: Intech Investment Management LLC
Investment Objective: Seeks capital appreciation.
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John Hancock Variable Insurance Trust - Emerging Markets Value Trust: Series NAV
Investment Advisor: John Hancock Variable Trust Advisers LLC
Sub-advisor: Dimensional Fund Advisors LP
Investment Objective: To seek long-term capital appreciation
Designation: LCFF
JPMorgan Insurance Trust - JPMorgan Insurance Trust Global Allocation Portfolio: Class 2
Investment Advisor: J.P. Morgan Investment Management Inc.
Investment Objective: The Portfolio seeks to maximize long-term total return.
JPMorgan Insurance Trust - JPMorgan Insurance Trust Income Builder Portfolio: Class 2
Investment Advisor: J.P. Morgan Investment Management Inc.
Investment Objective: The Portfolio seeks to maximize income while maintaining prospects for capital appreciation.
Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Service Shares
This Sub-Account is only available in contracts issued before May 1, 2021
Investment Advisor: Lazard Asset Management LLC
Investment Objective: Long-term capital appreciation.
Lazard Retirement Series, Inc. - Lazard Retirement Global Dynamic Multi-Asset Portfolio: Service Shares
Investment Advisor: Lazard Asset Management LLC
Investment Objective: The Portfolio seeks total return.
Lazard Retirement Series, Inc. - Lazard Retirement International Equity Portfolio: Service Shares
Investment Advisor: Lazard Asset Management LLC
Investment Objective: The Portfolio seeks long-term capital appreciation.
Lazard Retirement Series, Inc. - Lazard Retirement U.S. Small-Mid Cap Equity Portfolio: Service Shares
Investment Advisor: Lazard Asset Management LLC
Investment Objective: Seeks long-term capital appreciation.
Legg Mason Partners Variable Equity Trust - ClearBridge Variable Aggressive Growth Portfolio: Class I
Investment Advisor: Legg Mason Partners Fund Advisor, LLC
Sub-advisor: ClearBridge Investments, LLC
Investment Objective: Seeks capital appreciation.
Legg Mason Partners Variable Equity Trust - ClearBridge Variable Dividend Strategy Portfolio: Class I
Investment Advisor: Legg Mason Partners Fund Advisor, LLC
Sub-advisor: ClearBridge Investments, LLC
Investment Objective: Seeks dividend income, growth of dividend income and long-term capital appreciation.
Legg Mason Partners Variable Equity Trust - ClearBridge Variable Large Cap Growth Portfolio: Class I
Investment Advisor: Legg Mason Partners Fund Advisor, LLC
Sub-advisor: ClearBridge Investments, LLC
Investment Objective: The fund seeks long-term growth of capital.
Legg Mason Partners Variable Equity Trust - ClearBridge Variable Small Cap Growth Portfolio: Class II
Investment Advisor: Legg Mason Partners Fund Advisor, LLC
Sub-advisor: ClearBridge Investments, LLC
Investment Objective: The fund seeks long-term growth of capital.
Legg Mason Partners Variable Equity Trust - QS Legg Mason Dynamic Multi-Strategy VIT Portfolio: Class II
Investment Advisor: Legg Mason Partners Fund Advisor, LLC
Sub-advisor: QS Investors, LLC and Western Asset Management Company
Investment Objective: The fund seeks the highest total return (that is, a combination of income and long-term capital appreciation) over time consistent with its asset mix. The fund will seek to reduce volatility as a secondary objective.
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Legg Mason Partners Variable Income Trust - Western Asset Variable Global High Yield Bond Portfolio: Class I
Investment Advisor: Legg Mason Partners Fund Advisor, LLC
Sub-advisor: Western Asset Management Company and Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd.
Investment Objective: Seeks to maximize total return.
Lord Abbett Series Fund, Inc. - Bond Debenture Portfolio: Class VC
Investment Advisor: Lord, Abbett & Co. LLC
Investment Objective: To seek high current income and the opportunity for capital appreciation to produce a high total return.
Lord Abbett Series Fund, Inc. - Dividend Growth Portfolio: Class VC
Investment Advisor: Lord, Abbett & Co. LLC
Investment Objective: Current income and capital appreciation.
Lord Abbett Series Fund, Inc. - Growth and Income Portfolio: Class VC
Investment Advisor: Lord, Abbett & Co. LLC
Investment Objective: Long-term growth of capital and income without excessive fluctuations in market value.
MainStay VP Funds Trust - MainStay VP MacKay Convertible Portfolio: Service Class
Investment Advisor: New York Life Investment Management LLC
Sub-advisor: MacKay Shields LLC
Investment Objective: The Fund seeks capital appreciation together with current income.
MFS® Variable Insurance Trust - MFS Growth Series: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek capital appreciation.
MFS® Variable Insurance Trust - MFS New Discovery Series: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek capital appreciation.
MFS® Variable Insurance Trust - MFS Value Series: Service Class
Investment Advisor: Massachusetts Financial Services Company
Investment Objective: To seek capital appreciation.
Mutual Fund and Variable Insurance Trust - Rational Trend Aggregation VA Fund: Class A
Investment Advisor: Rational Advisors, Inc.
Sub-advisor: Tuttle Tactical Management, LLC
Investment Objective: To seek total return on investment, with dividend income as an important component of that return.
Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: AQR Capital Management, LLC
Investment Objective: The Fund seeks total return through a flexible combination of capital appreciation and current income.
Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks to match the performance of the Bloomberg Barclays U.S. Aggregate Bond Index as closely as possible before the deduction of Fund expenses.
Designation: LCFF
Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Columbia Management Investment Advisers, LLC
Investment Objective: The fund seeks to maximize total return consisting of capital appreciation and/or current income.
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Nationwide Variable Insurance Trust - NVIT DoubleLine Total Return Tactical Fund: Class Y (formerly, Nationwide Variable Insurance Trust - DoubleLine NVIT Total Return Tactical Fund: Class Y)
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: DoubleLine Capital LP
Investment Objective: The Fund seeks to maximize total return.
Designation: LCFF
Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Federated Investment Management Company
Investment Objective: The Fund seeks as high a level of current income as is consistent with preserving capital and maintaining liquidity. The Fund is a money market fund that seeks to maintain a stable net asset value of $1.00 per share
Nationwide Variable Insurance Trust - NVIT International Index Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks to match the performance of the MSCI EAFE® Index as closely as possible before the deduction of Fund expenses.
Designation: LCFF
Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class P
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks growth of capital, but also seeks income consistent with a less aggressive level of risk as compared to other NVIT Investor Destinations Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class P
Investment Advisor: Nationwide Fund Advisors
Investment Objective: The Fund seeks a high level of total return consistent with a moderate level of risk as compared to other Investor Destinations Funds.
Designation: FF
Nationwide Variable Insurance Trust - NVIT iShares® Fixed Income ETF Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The fund seeks total return.
Designation: FF, LCFF
Nationwide Variable Insurance Trust - NVIT iShares® Global Equity ETF Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks long-term capital appreciation.
Designation: FF, LCFF
Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic℠ Multi-Asset Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: J.P. Morgan Investment Management Inc.
Investment Objective: The Fund seeks a high level of total return.
Nationwide Variable Insurance Trust - NVIT Mid Cap Index Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks capital appreciation.
Designation: LCFF
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Nationwide Variable Insurance Trust - NVIT Multi-Manager Mid Cap Value Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: American Century Investment Management, Inc. and Thompson, Siegel & Walmsley LLC
Investment Objective: The fund seeks long-term capital appreciation.
Nationwide Variable Insurance Trust - NVIT Newton Sustainable U.S. Equity Fund: Class I
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Newton Investment Management Limited
Investment Objective: The Fund seeks long-term growth of capital by investing primarily in securities of companies that meet the fund's financial criteria and social policy.
Nationwide Variable Insurance Trust - NVIT S&P 500® Index Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks long-term capital appreciation.
Designation: LCFF
Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class Y
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: BlackRock Investment Management, LLC
Investment Objective: The Fund seeks to match the performance of the Russell 2000® Index as closely as possible before the deduction of Fund expenses.
Designation: LCFF
Nationwide Variable Insurance Trust - NVIT Wells Fargo Discovery Fund: Class II
Investment Advisor: Nationwide Fund Advisors
Sub-advisor: Wells Capital Management, Inc.
Investment Objective: The Fund seeks long-term capital growth. The fund invests at least 80% of its net assets in equity securities issued by small- and medium-sized companies with market capitalization similar to those of companies included in the Russell 2500 index.
Neuberger Berman Advisers Management Trust - Mid Cap Intrinsic Value Portfolio: I Class Shares
Investment Advisor: Neuberger Berman Investment Advisers LLC
Investment Objective: The fund seeks growth of capital.
Neuberger Berman Advisers Management Trust - Mid-Cap Growth Portfolio: I Class Shares
Investment Advisor: Neuberger Berman Investment Advisers LLC
Investment Objective: The fund seeks growth of capital.
Neuberger Berman Advisers Management Trust - Short Duration Bond Portfolio: I Class Shares
Investment Advisor: Neuberger Berman Investment Advisers LLC
Investment Objective: The Fund seeks the highest available current income consistent with liquidity and low risk to principal; total return is a secondary goal.
Neuberger Berman Advisers Management Trust - U.S. Equity Index PutWrite Strategy Portfolio: S Class Shares
This Sub-Account is only available in contracts issued before May 1, 2021
Investment Advisor: Neuberger Berman Investment Advisers LLC
Investment Objective: The Fund seeks long-term growth of capital and income generation.
Northern Lights Variable Trust - 7Twelve Balanced Portfolio: Class 3
Investment Advisor: 7Twelve Advisors, LLC
Investment Objective: The Portfolio seeks to provide superior volatility risk-adjusted returns when compared to the bond and equity markets in general.
Northern Lights Variable Trust - BTS Tactical Fixed Income VIT Fund: Class 2
Investment Advisor: BTS Asset Management, Inc.
Investment Objective: Seeks to provide total return.
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Northern Lights Variable Trust - Power Dividend Index Fund: Class 1
Investment Advisor: W. E. Donoghue & Co., LLC
Investment Objective: The primary investment objective is total return from income and capital appreciation. Capital Preservation is a secondary objective of the Fund.
Northern Lights Variable Trust - Power Momentum Index Fund: Class 1
Investment Advisor: W. E. Donoghue & Co., LLC
Investment Objective: Capital growth and income.
Northern Lights Variable Trust - Probabilities VIT Fund: Class 1
This Sub-Account is only available in contracts issued before May 1, 2021
Investment Advisor: Probabilities Fund Management, LLC
Investment Objective: Capital appreciation.
Northern Lights Variable Trust - TOPS® Aggressive Growth ETF Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: The Portfolio seeks capital appreciation.
Northern Lights Variable Trust - TOPS® Balanced ETF Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: Seeks income and capital appreciation.
Northern Lights Variable Trust - TOPS® Conservative ETF Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: The Portfolio seeks to preserve capital and provide moderate income and moderate capital appreciation.
Northern Lights Variable Trust - TOPS® Growth ETF Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: The Portfolio seeks capital appreciation.
Northern Lights Variable Trust - TOPS® Managed Risk Balanced ETF Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: The Portfolio seeks to provide income and capital appreciation with less volatility than the fixed income and equity markets as a whole.
Northern Lights Variable Trust - TOPS® Managed Risk Growth ETF Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: The Portfolio seeks capital appreciation with less volatility than the equity markets as a whole.
Northern Lights Variable Trust - TOPS® Managed Risk Moderate Growth ETF Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: The Portfolio seeks capital appreciation with less volatility than the equity markets as a whole.
Northern Lights Variable Trust - TOPS® Moderate Growth ETF Portfolio: Class 2
Investment Advisor: ValMark Advisers, Inc.
Sub-advisor: Milliman Financial Risk Management, LLC
Investment Objective: Capital Appreciation.
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PIMCO Variable Insurance Trust - All Asset Portfolio: Administrative Class
Investment Advisor: PIMCO
Sub-advisor: Research Affiliates, LLC
Investment Objective: The Portfolio seeks maximum real return, consistent with preservation of real capital and prudent investment management.
Designation: FF
PIMCO Variable Insurance Trust - CommodityRealReturn® Strategy Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum real return, consistent with prudent investment management.
PIMCO Variable Insurance Trust - Dynamic Bond Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum long-term return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Global Bond Opportunities Portfolio (Unhedged): Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Global Core Bond (Hedged) Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks total return which exceeds that of its benchmark.
PIMCO Variable Insurance Trust - Global Managed Allocation Portfolio: Administrative Class (formerly, PIMCO Variable Insurance Trust - Global Managed Asset Allocation Portfolio: Administrative Class)
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks total return which exceeds that of a blend of 60% MSCI World Index/40% Bloomberg Barclays U.S. Aggregate Index.
PIMCO Variable Insurance Trust - High Yield Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Income Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio's primary investment objective is to maximize current income. Long-term capital appreciation is a secondary objective.
PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - International Bond Portfolio (Unhedged): Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
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PIMCO Variable Insurance Trust - Low Duration Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
PIMCO Variable Insurance Trust - Real Return Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum real return, consistent with preservation of real capital and prudent investment management.
PIMCO Variable Insurance Trust - Short-Term Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum current income, consistent with preservation of capital and daily liquidity.
PIMCO Variable Insurance Trust - Total Return Portfolio: Administrative Class
Investment Advisor: PIMCO
Investment Objective: The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
Pioneer Variable Contracts Trust - Pioneer Bond VCT Portfolio: Class II
Investment Advisor: Amundi Pioneer Asset Management, Inc.
Investment Objective: The portfolio seeks current income and total return.
Pioneer Variable Contracts Trust - Pioneer Equity Income VCT Portfolio: Class II
Investment Advisor: Amundi Pioneer Asset Management, Inc.
Investment Objective: Current income and long-term growth of capital from a portfolio consisting primarily of income producing equity securities of U.S. corporations.
Pioneer Variable Contracts Trust - Pioneer Fund VCT Portfolio: Class II
Investment Advisor: Amundi Pioneer Asset Management, Inc.
Investment Objective: Reasonable income and capital growth.
Pioneer Variable Contracts Trust - Pioneer High Yield VCT Portfolio: Class II
Investment Advisor: Amundi Pioneer Asset Management, Inc.
Investment Objective: Maximize total return through a combination of income and capital appreciation. Normally, the portfolio invests at least 80% of its total assets in below investment grade (high yield) debt securities and preferred stocks.
Pioneer Variable Contracts Trust - Pioneer Mid Cap Value VCT Portfolio: Class II
Investment Advisor: Amundi Pioneer Asset Management, Inc.
Investment Objective: Capital appreciation by investing in a diversified portfolio of securities consisting primarily of common stocks.
Pioneer Variable Contracts Trust - Pioneer Strategic Income VCT Portfolio: Class II
Investment Advisor: Amundi Pioneer Asset Management, Inc.
Investment Objective: A high level of current income.
ProFunds - ProFund Access VP High Yield Fund
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks to provide investment results that correspond generally to the total return of the high yield market consistent with maintaining reasonable liquidity.
ProFunds - ProFund VP Asia 30
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the ProFunds Asia 30 Index.
Designation: EC: 3:55 PM EST
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ProFunds - ProFund VP Banks
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. BanksSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Basic Materials
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Basic MaterialsSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Biotechnology
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. BiotechnologySM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Bull
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P 500® Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Consumer Goods
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Consumer GoodsSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Consumer Services
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Consumer ServicesSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Emerging Markets
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P/BNY Mellon Emerging 50 ADR Index (USD).
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Europe 30
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the ProFunds Europe 30 Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Financials
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. FinancialsSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Health Care
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Health CareSM Index.
Designation: EC: 3:55 PM EST
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ProFunds - ProFund VP Industrials
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. IndustrialsSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP International
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the MSCI EAFE Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Internet
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones InternetSM Composite Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Japan
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Nikkei 225 Stock Average.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Large-Cap Growth
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P 500® Growth Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Large-Cap Value
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P 500® Value Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Mid-Cap
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P MidCap 400® Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Mid-Cap Growth
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P MidCap 400® Growth Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Mid-Cap Value
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P MidCap 400® Value Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP NASDAQ-100
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the NASDAQ-100® Index.
Designation: EC: 3:55 PM EST
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ProFunds - ProFund VP Oil & Gas
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Oil & GasSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Pharmaceuticals
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Select Pharmaceuticals Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Precious Metals
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones Precious MetalsSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Real Estate
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Real EstateSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Semiconductor
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. SemiconductorsSM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Small-Cap
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Russell 2000® Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Small-Cap Growth
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P SmallCap 600® Growth Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Small-Cap Value
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the S&P SmallCap 600® Value Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Technology
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. TechnologySM Index.
Designation: EC: 3:55 PM EST
ProFunds - ProFund VP Telecommunications
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. Select Telecommunications Index.
Designation: EC: 3:55 PM EST
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ProFunds - ProFund VP Utilities
Investment Advisor: ProFund Advisors LLC
Investment Objective: The Fund seeks investment results, before fees and expenses, that correspond to the performance of the Dow Jones U.S. UtilitiesSM Index.
Designation: EC: 3:55 PM EST
Putnam Variable Trust - Putnam VT Diversified Income Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited
Investment Objective: Seeks as high a level of current income as Putnam Investment Management, LLC believes is consistent with preservation of capital.
Putnam Variable Trust - Putnam VT High Yield Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited
Investment Objective: Seeks high current income. Capital growth is a secondary goal when consistent with achieving high current income.
Putnam Variable Trust - Putnam VT Income Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited
Investment Objective: Seeks high current income consistent with what Putnam Investment Management, LLC believes to be prudent risk.
Putnam Variable Trust - Putnam VT International Value Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited and The Putnam Advisory Company, LLC
Investment Objective: Seeks capital growth. Current income is a secondary objective.
Putnam Variable Trust - Putnam VT Large Cap Value Fund: Class IB (formerly, Putnam Variable Trust - Putnam VT Equity Income Fund: Class IB)
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited
Investment Objective: Seeks capital growth and current income.
Putnam Variable Trust - Putnam VT Mortgage Securities Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited
Investment Objective: High current income with preservation of capital as its secondary objective.
Putnam Variable Trust - Putnam VT Multi-Asset Absolute Return Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited and The Putnam Advisory Company, LLC
Investment Objective: Seeks positive total return.
Putnam Variable Trust - Putnam VT Sustainable Leaders Fund: Class IB
Investment Advisor: Putnam Investment Management, LLC
Sub-advisor: Putnam Investments Limited
Investment Objective: Long-term capital appreciation.
Royce Capital Fund - Royce Micro-Cap Portfolio: Investment Class
Investment Advisor: Royce & Associates, LP
Investment Objective: Long-term capital growth.
Designation: FF
Royce Capital Fund - Royce Small-Cap Portfolio: Investment Class
Investment Advisor: Royce & Associates, LP
Investment Objective: Long-term capital growth.
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Rydex Variable Trust - Banking Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that are involved in the banking sector, including commercial banks (and their holding companies) and savings and loan institutions.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Basic Materials Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies engaged in the mining, manufacture, or sale of basic materials, such as lumber, steel, iron, aluminum, concrete, chemicals and other basic building and manufacturing materials.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Biotechnology Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that are involved in the biotechnology industry, including companies involved in research and development, genetic or other biological engineering, and in the design, manufacture, or sale of related biotechnology products or services.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Commodities Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Seeks to provide investment results that correlate to the performance of the Goldman Sachs Commodity Total Return Index ("GSCI® Index").
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Consumer Products Fund
This Sub-Account is only available in contracts issued before May 1, 2021
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies engaged in manufacturing finished goods and services both domestically and internationally.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Electronics Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that are involved in the electronics sector, including semiconductor manufacturers and distributors, and makers and vendors of other electronic components and devices.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Energy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies involved in the energy field, including the exploration, production, and development of oil, gas, coal and alternative sources of energy.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Energy Services Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that are involved in the energy services field, including those that provide services and equipment in the areas of oil, coal, and gas exploration and production.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Financial Services Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that are involved in the financial services sector.
Designation: EC: 3:50 PM EST
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Rydex Variable Trust - Health Care Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that are involved in the health care industry.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - High Yield Strategy Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Seeks to provide investment results that correlate, before fees and expenses, to the performance of the high yield bond market.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Internet Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that provide products or services designed for or related to the Internet.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Leisure Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies engaged in leisure and entertainment businesses.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - NASDAQ-100® Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the NASDAQ 100 Index®.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Precious Metals Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in U.S. and foreign companies that are involved in the precious metals sector, including exploration, mining, production and development, and other precious metals-related services.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Real Estate Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that are involved in the real estate industry including real estate investment trusts.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Retailing Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies engaged in merchandising finished goods and services, including department stores, restaurant franchises, mail order operations and other companies involved in selling products to consumers.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - S&P 500 Pure Growth Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the S&P 500/Pure Growth Index.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - S&P 500 Pure Value Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the S&P 500/Pure Value Index.
Designation: EC: 3:50 PM EST
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Rydex Variable Trust - S&P MidCap 400 Pure Growth Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the S&P MidCap 400/Pure Growth Index.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - S&P MidCap 400 Pure Value Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the S&P MidCap 400/Pure Value Index.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - S&P SmallCap 600 Pure Growth Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the S&P SmallCap 600/Pure Growth Index.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - S&P SmallCap 600 Pure Value Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Investment results that correspond to the daily performance of the S&P SmallCap 600/Pure Value Index.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Technology Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that are involved in the technology sector, including computer software and service companies, semiconductor manufacturers, networking and telecommunications equipment manufacturers, PC hardware and peripherals companies.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Telecommunications Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies engaged in the development, manufacture, or sale of communications services or communications equipment.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Transportation Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies engaged in providing transportation services or companies engaged in the design, manufacture, distribution, or sale of transportation equipment.
Designation: EC: 3:50 PM EST
Rydex Variable Trust - Utilities Fund
Investment Advisor: Guggenheim Investments
Investment Objective: Capital appreciation by investing in companies that operate public utilities.
Designation: EC: 3:50 PM EST
T. Rowe Price Equity Series, Inc. - T. Rowe Price Blue Chip Growth Portfolio: II
Investment Advisor: T. Rowe Price Associates, Inc.
Investment Objective: The fund seeks to provide long-term capital growth. Income is a secondary objective.
T. Rowe Price Equity Series, Inc. - T. Rowe Price Equity Income Portfolio: II
Investment Advisor: T. Rowe Price Associates, Inc.
Investment Objective: The fund seeks a high level of dividend income and long-term capital growth primarily through investments in stocks.
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T. Rowe Price Equity Series, Inc. - T. Rowe Price Health Sciences Portfolio: II
Investment Advisor: T. Rowe Price Associates, Inc.
Investment Objective: The fund seeks long-term capital appreciation.
T. Rowe Price Fixed Income Series, Inc. - T. Rowe Price Limited-Term Bond Portfolio: II
Investment Advisor: T. Rowe Price Associates, Inc.
Investment Objective: The fund seeks a high level of income consistent with moderate fluctuations in principal value.
The Merger Fund VL - The Merger Fund VL
Investment Advisor: Westchester Capital Management, LLC
Investment Objective: Seeks to achieve capital growth by engaging in merger arbitrage.
The Timothy Plan - Conservative Growth Portfolio Variable Series
Investment Advisor: Timothy Partners, Ltd.
Investment Objective: The investment objective of the Portfolio is to generate moderate levels of long-term capital growth.
The Timothy Plan - Strategic Growth Portfolio Variable Series
Investment Advisor: Timothy Partners, Ltd.
Investment Objective: The investment objective of the Portfolio is to generate medium to high levels of long-term capital growth.
Third Avenue Variable Series Trust - Third Avenue Value Portfolio (formerly, Third Avenue Variable Series Trust - FFI Strategies Portfolio)
Investment Advisor: Third Avenue Management LLC
Investment Objective: Long-term capital appreciation.
Two Roads Shared Trust - Redwood Managed Volatility Portfolio: Class I
Investment Advisor: Redwood Investment Management, LLC
Investment Objective: Seeks a combination of total return and prudent management of portfolio downside volatility and downside loss.
VanEck VIP Trust - Emerging Markets Bond Fund: Initial Class
Investment Advisor: Van Eck Associates Corporation
Investment Objective: Seeks high total return - income plus capital appreciation - by investing globally, primarily in a variety of debt securities.
VanEck VIP Trust - Emerging Markets Fund: Initial Class
Investment Advisor: Van Eck Associates Corporation
Investment Objective: Seeks long-term capital appreciation by investing primarily in equity securities in emerging markets around the world.
VanEck VIP Trust - Global Resources Fund: Initial Class (formerly, VanEck VIP Trust - Global Hard Assets Fund: Initial Class)
Investment Advisor: Van Eck Associates Corporation
Investment Objective: Seeks long-term capital appreciation by investing primarily in global resource securities. Income is a secondary consideration.
VanEck VIP Trust - VanEck VIP Global Gold Fund: Class S
Investment Advisor: Van Eck Associates Corporation
Investment Objective: Seeks long-term capital appreciation by investing in common stocks of gold-mining companies. The Fund may take current income into consideration when choosing investments.
Vanguard Variable Insurance Fund - Balanced Portfolio
Investment Advisor: Wellington Management Company, LLP
Investment Objective: Seeks to provide long-term capital appreciation and reasonable current income.
Designation: LCFF, EC: 2:30 PM EST
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Vanguard Variable Insurance Fund - Capital Growth Portfolio
Investment Advisor: PRIMECAP Management Company
Investment Objective: Seeks to provide long-term capital appreciation.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Diversified Value Portfolio
Investment Advisor: Barrow, Hanley, Mewhinney & Strauss, LLC
Investment Objective: Seeks to provide long-term capital appreciation and income.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Equity Income Portfolio
Investment Advisor: Wellington Management Company, LLP; Vanguard Quantitative Equity Group
Investment Objective: Seeks to provide an above average level of current income and reasonable long-term capital appreciation.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Equity Index Portfolio
Investment Advisor: Vanguard Equity Index Group
Investment Objective: Seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Global Bond Index Portfolio
Investment Advisor: Vanguard Fixed Income Group
Investment Objective: Seeks to track the performance of a benchmark index that measures the investment return of the global, investment-grade, fixed income market.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Growth Portfolio
Investment Advisor: Jackson Square Partners, LLC; Wellington Management Company LLP
Investment Objective: Seeks to provide long-term capital appreciation.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - High Yield Bond Portfolio
Investment Advisor: Wellington Management Company, LLP
Investment Objective: Seeks to provide a high level of current income.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - International Portfolio
Investment Advisor: Baillie Gifford Overseas Ltd.; Schroder Investment Management North America, Inc.
Investment Objective: Seeks to provide long-term capital appreciation.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Mid-Cap Index Portfolio
Investment Advisor: Vanguard Equity Index Group
Investment Objective: Seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization stocks.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Real Estate Index Portfolio
Investment Advisor: Vanguard Equity Index Group
Investment Objective: Seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs and other real estate-related investments.
Designation: LCFF, EC: 2:30 PM EST
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Vanguard Variable Insurance Fund - Short-Term Investment-Grade Portfolio
Investment Advisor: Vanguard Fixed Income Group
Investment Objective: Seeks to provide current income while maintaining limited price volatility.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Total Bond Market Index Portfolio
Investment Advisor: Vanguard Fixed Income Group
Investment Objective: Seeks to track the performance of a broad, market-weighted bond index.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Total International Stock Market Index Portfolio
Investment Advisor: Vanguard Equity Index Group
Investment Objective: Seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in developed and emerging markets, excluding the United States.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Total Stock Market Index Portfolio
Investment Advisor: Vanguard Equity Index Group
Investment Objective: Seeks to track the performance of a benchmark index that measures the investment return of the overall stock market.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Vanguard Conservative Allocation Portfolio
Investment Advisor: The Vanguard Group, Inc.
Investment Objective: Seeks to provide current income and low to moderate capital appreciation.
Designation: LCFF, EC: 2:30 PM EST
Vanguard Variable Insurance Fund - Vanguard Moderate Allocation Portfolio
Investment Advisor: The Vanguard Group, Inc.
Investment Objective: Seeks to provide capital appreciation and a low to moderate level of current income.
Designation: LCFF, EC: 2:30 PM EST
Virtus Variable Insurance Trust - Virtus Duff & Phelps Real Estate Securities Series: Class A
Investment Advisor: Virtus Investment Advisers, Inc.
Sub-advisor: Duff & Phelps Investment Management Co.
Investment Objective: Capital appreciation and income with approximately equal emphasis.
Virtus Variable Insurance Trust - Virtus Newfleet Multi-Sector Intermediate Bond Series: Class A
Investment Advisor: Virtus Investment Advisers, Inc.
Sub-advisor: Newfleet Asset Management, LLC
Investment Objective: Long-term total return.
Virtus Variable Insurance Trust - Virtus SGA International Growth Series: Class A
Investment Advisor: Virtus Investment Advisers, Inc.
Sub-advisor: Sustainable Growth Advisers, LP
Investment Objective: High total return consistent with reasonable risk.
Wells Fargo Variable Trust - VT Discovery Fund: Class 2
This Sub-Account is only available in contracts issued before May 1, 2021
Investment Advisor: Wells Fargo Funds Management, LLC
Sub-advisor: Wells Capital Management, Inc.
Investment Objective: Seeks long-term capital appreciation.
Wells Fargo Variable Trust - VT Opportunity Fund: Class 2
Investment Advisor: Wells Fargo Funds Management, LLC
Sub-advisor: Wells Capital Management, Inc.
Investment Objective: Seeks long-term capital appreciation.
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APPENDIX B: Condensed Financial Information
This annuity contract was not available for sale as of December 31, 2020. Therefore, no Condensed Financial Information is available.
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Jefferson National Life Insurance Company of New York
P.O. Box 36840
Louisville, Kentucky 40233
TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION
General Information
General Information Regarding Jefferson National Life Insurance Company of New York
Jefferson National Life of New York Annuity Account 1
Certain Federal Income Tax Consequences
Published Ratings
Administration
Annuity Provisions
Distribution
Arrangements Regarding Frequent Purchases and Redemptions
Financial Statements
Custodian
    
(cut along dotted line)
If you would like a free copy of the Statement of Additional Information (Form # JNLNY-MNTADV-SAI-1-0520) dated May 1, 2021 for this Prospectus, please complete this form, detach, and mail to the following address. Or, visit the website at www.nationwideadvisory.com:
Jefferson National Life Insurance Company of New York
Administrative Office
P.O. Box 36840
Louisville, Kentucky 40233
Please send me a free copy of the Statement of Additional Information for the Jefferson National Life of New York Annuity Account 1 (Monument Advisor Select NY) variable annuity at the following address:
Name:
Mailing Address:
Sincerely,
(Signature)
© 2020, Jefferson National Life Insurance Company of New York JNLNY-MNTADV-PROS-05-20

Monument Advisor® NY
Monument Advisor SelectSM NY
STATEMENT OF ADDITIONAL INFORMATION
May 1, 2021
Individual Variable Annuity
Issued by Jefferson National Life Insurance Company of New York
through its Jefferson National Life of New York Annuity Account 1
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This Statement of Additional Information is not a prospectus and should be read in conjunction with the current prospectus for Jefferson National Life of New York Annuity Account 1 (the "Separate Account"), dated May 1, 2021. You may obtain a copy of the current prospectus on our Website, by writing to us at our Administrative Office: P.O. Box 36840, Louisville, Kentucky 40233, or by calling 1-866-667-0561.
General Information
General Information Regarding Jefferson National Life Insurance Company of New York:
Jefferson National Life Insurance Company of New York ("Jefferson National", "Company", "we", "our" or "us") is a direct wholly-owned subsidiary of Jefferson National Life Insurance Company, a Texas stock life insurance company, and an indirect subsidiary of Jefferson National Financial Corp., a Delaware Corporation. We are organized as a New York stock life insurance company, and are subject to New York law governing insurance companies. Our business address is 10350 Ormsby Park Place, Louisville, KY 40223.
On March 1, 2017, Jefferson Financial Corp was acquired by Nationwide Life Insurance Company, a stock life insurance company organized under Ohio law in March 1929. Nationwide Life Insurance Company is a member of the Nationwide group of companies. Nationwide Mutual Insurance Company and Nationwide Mutual Fire Insurance Company (organized under Ohio law) are the ultimate controlling persons of the Nationwide group of companies and engage in general insurance and reinsurance business, except life insurance.
Jefferson National Life of New York Annuity Account 1:
Jefferson National Life of New York Annuity Account 1, also referred to as the "Separate Account", was established on June 20, 2014 pursuant to New York law. The Separate Account meets the definition of a "separate account" under the federal securities laws and is registered with the Securities and Exchange Commission (the "SEC") as a unit investment trust under the Investment Company Act of 1940 ("Investment Company Act"). This registration does not involve supervision of the management of the separate account or the Company by the SEC.
The assets of the Separate Account are the property of the Company. However, the assets of the Separate Account, equal to its reserves and other contract liabilities, are not chargeable with liabilities arising out of any other business the Company may conduct. Income, gains, and losses, whether or not realized, from assets allocated to the Separate Account are credited to or charged against the Separate Account without regard to other income, gains, or losses of the Company.
The Separate Account holds assets of annuities issued by us with values and benefits that vary according to the investment performance of the underlying Investment Portfolios offered as Sub-accounts of the Separate Account. Each Sub-account invests exclusively in an Investment Portfolio. You will find additional information about the Investment Portfolios in their respective prospectuses. We do not guarantee the investment results of any Sub-account. You bear the entire investment risk.
We offer a number of Sub-accounts.
A brief summary of the investment objectives and policies of each Investment Portfolio is found in the Prospectus. More detailed information about the investment objectives, policies, risks, costs and management of the Investment Portfolios are found in the summary prospectuses, prospectuses and statements of additional information for the Investment Portfolios. There can be no guarantee that any Investment Portfolio will meet its investment objectives.
Each underlying Investment Portfolio is registered under the Investment Company Act, as amended, as an open-end management investment company. Each underlying Investment Portfolio thereof may or may not be diversified as defined by the Investment Company Act. The trustees or directors, as applicable, of an underlying Investment Portfolio may add, eliminate or substitute Investment Portfolios from time to time.
Certain Federal Income Tax Consequences
The following summary does not constitute tax advice. It is a general discussion of certain expected federal income tax consequences of investment in and distributions with respect to a Contract, based on the Internal Revenue Code of 1986, as amended (the "Code"), proposed and final Treasury regulations thereunder, judicial authority, and current administrative rulings and practice. This summary discusses only certain federal income tax consequences to "United States Persons," and does not discuss state, local, or foreign tax consequences. United States Persons means citizens or residents of the United States, domestic corporations, domestic partnerships, trusts with respect to which a court within the United States
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is able to exercise primary supervision over such trusts’ administration and with respect to which one or more United States Persons (as defined herein) have the authority to control such trusts’ substantial decisions and estates that are subject to United States federal income tax regardless of the source of their income.
Tax Status of the Contract
The following discussion is based on the assumption that the Contract qualifies as an annuity contract for federal income tax purposes.
Diversification Requirements
Section 817(h) of the Code provides that in order for a variable contract which is based on a segregated asset account to qualify as an annuity contract under the Code, the investments made by such account must be "adequately diversified" in accordance with Treasury regulations. The Treasury regulations issued under Section 817(h) (Treas. Reg. Section 1.817-5) apply a diversification requirement to each of the Sub-accounts of the Separate Account. The Separate Account, through the funds and their Investment Portfolios, intends to comply with the diversification requirements of the Treasury.
Section 817(h) applies to variable annuity contracts other than pension plan contracts. The regulations reiterate that the diversification requirements do not apply to pension plan contracts. All of the qualified retirement plans (described below) are defined as pension plan contracts for these purposes. Notwithstanding the exclusion of Qualified Contracts from application of the diversification rules, the investment vehicle for Jefferson National’s Qualified Contracts (i.e., the funds) will be structured to comply with the diversification standards because it serves as the investment vehicle for Nonqualified Contracts as well as Qualified Contracts.
Owner Control
In certain circumstances, owners of variable annuity contracts may be considered the owners, for federal income tax purposes, of the assets of the Separate Account used to support their contracts. In those circumstances, income and gains from the separate account assets would be includable in the variable annuity contract owner’s gross income. The IRS has stated in published rulings that a variable contract owner will be considered the owner of Separate Account assets if the contract owner possesses incidents of ownership in those assets, such as the ability to exercise investment control over the assets. The Treasury Department subsequently announced, in connection with the issuance of regulations concerning investment diversification, that those regulations "do not provide guidance concerning the circumstances in which investor control of the investments of a segregated asset account may cause the investor, rather than the insurance company, to be treated as the owner of the assets in the account." This announcement also stated that guidance would be issued by way of regulations or rulings on the "extent to which contract owners may direct their investments to particular Sub-accounts without being treated as owners of underlying assets." The IRS has issued Revenue Ruling 2003-91 in which it ruled that the ability to choose among 20 Sub-accounts and make not more than one transfer per month without charge did not result in the owner of the Contract being treated as the owner of the assets in the Sub-accounts under the investor control doctrine.
The revenue ruling did not indicate the actual number of underlying mutual funds that would cause the contract to not provide the desired tax treatment. Should the U.S. Secretary of the Treasury issue additional rules or regulations limiting the number of underlying mutual funds, transfers between underlying mutual funds, exchanges of underlying mutual funds or changes in investment objectives of underlying mutual funds such that the contract would no longer qualify for tax deferred treatment under Section 72 of the Code, we reserve the right to take whatever steps are available to remain in compliance.
Based on the above, the contract should be treated as an annuity contract for federal income tax purposes.
Distribution Requirements
The Code also requires that Nonqualified Contracts contain specific provisions for distribution of contract proceeds upon the death of an owner. In order to be treated as an annuity contract for federal income tax purposes, the Code requires that such contracts provide that if any owner dies on or after the maturity date and before the entire interest in the contract has been distributed, the remaining portion must be distributed at least as rapidly as under the method in effect on such owner’s death. If any owner dies before the maturity date, the entire interest in the contract must generally be distributed within five years after such owner’s date of death or be applied to provide an immediate annuity under which payments will begin within one year of such owner’s death and will be made for the life of the beneficiary or for a period not extending beyond the life expectancy of the beneficiary. However, if such owner’s death occurs prior to the maturity date, and such owner’s surviving spouse is named beneficiary, then the contract may be continued with the surviving spouse as
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the new owner. If any owner is not a natural person, then for purposes of these distribution requirements, the primary annuitant shall be treated as an owner and any death or change of such primary annuitant shall be treated as the death of the owner. The Contract contains provisions intended to comply with these requirements of the Code. No regulations interpreting these requirements of the Code have yet been issued and thus no assurance can be given that the provisions contained in the Contracts satisfy all such Code requirements. The provisions contained in the Contracts will be reviewed and modified if necessary to maintain their compliance with the Code requirements when clarified by regulation or otherwise.
If the Owner dies before January 1, 2020 and before the required beginning date (in the case of a Tax Sheltered Annuity, Individual Retirement Annuity, SEP IRA or Simple IRA) or before the entire contract value is distributed (in the case of Roth IRAs), any remaining interest in the Contract must be distributed over a period not exceeding the applicable distribution period, which is determined as follows:
(a) if the only designated beneficiary is the Owner’s spouse, the applicable distribution period is the surviving spouse’s life expectancy using the surviving spouse’s birthday for each distribution calendar year after the calendar year of the Owner’s death. For calendar years after the death of the Owner’s surviving spouse that occurs before January 1, 2020, the applicable distribution period is the spouse’s remaining life expectancy using the spouse’s age in the calendar year of the spouse’s death, reduced by one for each calendar year that elapsed since the calendar year immediately following the calendar year of the spouse’s death. If the Owner’s surviving spouse dies on or after January 1, 2020, the entire balance of the Contract must be withdrawn by December 31 of the tenth year following the death of the Owner’s surviving spouse.
(b) if the designated beneficiary is not solely the Owner’s surviving spouse, or if the Owner did not designate a surviving spouse at all, the applicable distribution period is the designated beneficiary’s life expectancy using the designated beneficiary’s birthday in the calendar year immediately following the calendar year of the Owner’s death, reduced by one for each calendar year that elapsed thereafter. If the designated beneficiary dies on or after January 1, 2020, the entire value of the contract must be withdrawn by December 31 of the tenth year following the death of the designated beneficiary; or
(c) if there is no designated beneficiary, the entire balance of the contract must be distributed by December 31 of the fifth year following the Owner’s death. If the Owner dies before January 1, 2020 and on or after the required beginning date, the interest in the Tax Sheltered Annuity, Individual Retirement Annuity, SEP IRA or Simple IRA must be distributed over a period not exceeding the applicable distribution period measured by the contract owner's remaining life expectancy using the contract owner's birthday in the calendar year of the contract owner's death, reduced by one for each year thereafter.
If the contract owner dies on or after January 1, 2020 and the designated beneficiary is not an eligible designated beneficiary as defined under Code Section 401(a)(9)(E)(ii), then the entire balance of the contract must be distributed by December 31 of the tenth year following the Owner's death. In the case of an eligible designated beneficiary as defined under Code Section 401(a)(9)(E)(ii), the entire balance of the contract will be distributed by December 31 of the tenth year following the Owner's death, unless otherwise permitted by law and approved by the Company. Purchasers and prospective purchasers should consult a financial professional, tax advisor, or legal counsel to discuss the taxation and use of the contracts.
Withholding
The portion of any distribution under a Contract that is includable in gross income will be subject to federal income tax withholding unless the recipient of such distribution elects not to have federal income tax withheld and properly notifies us. For certain Qualified Contracts, certain distributions are subject to mandatory withholding. The withholding rate varies according to the type of distribution and the owner’s tax status. For Qualified Contracts, "eligible rollover distributions" from section 401(a) plans, section 403(a) annuities, section 403(b) tax-sheltered annuities and governmental section 457 deferred compensation plans are subject to a mandatory federal income tax withholding of 20%. An eligible rollover distribution is a distribution from such a plan, except certain distributions such as distributions required by the Code, hardship distributions, certain after-tax contributions, or distributions in a specified annuity form. The 20% withholding does not apply, however, to certain nontaxable distributions if the owner chooses a "direct rollover" from the plan to another tax-qualified plan or IRA.
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Under Sections 1471 through 1474 of the Internal Revenue Code (commonly referred to as FATCA), distributions from a contract to a foreign financial institution or to a nonfinancial foreign entity, each as described by FATCA, may be subject to United States tax withholding at a flat rate equal to 30% of the taxable amount of the distribution, irrespective of the status of any beneficial owner of the contract or of the distribution. We may require a contract owner to provide certain information or documentation (e.g., Form W-9 or Form W-8BEN) to determine its withholding requirements under FATCA.
Qualified Contracts
The Qualified Contract is designed for use with several types of tax-qualified retirement plans. The tax rules applicable to participants and beneficiaries in tax-qualified retirement plans vary according to the type of plan and the terms and conditions of the plan. Special favorable tax treatment may be available for certain types of contributions and distributions. Adverse tax consequences may result from contributions in excess of specified limits; distributions prior to age 59 1/2 (subject to certain exceptions); distributions that do not conform to specified commencement and minimum distribution rules; and in other specified circumstances. Some retirement plans are subject to distribution and other requirements that are not incorporated into the Contracts and our Contract administration procedures. Owners, participants and beneficiaries are responsible for determining that contributions, distributions and other transactions with respect to the Contract comply with applicable law and the terms and conditions of the plan.
For qualified plans under sections 401(a), 403(a), 403(b), and 457, the Code requires that distributions generally must commence no later than the later of April 1 of the calendar year following the calendar year in which the owner (or plan participant) (i) reaches age 70½ (age 72 for those employees who turn age 72 on or after January 1, 2020) or (ii) retires, and must be made in a specified form or manner. If the plan participant is a "5 percent owner" (as defined in the Code), distributions generally must begin no later than April 1 of the calendar year in which the owner (or plan participant) reaches age 70½ (age 72 for those employees who turn age 72 on or after January 1, 2020). Each owner is responsible for requesting distributions under the Contract that satisfy applicable tax rules and the terms and conditions of the plan.
We make no attempt to provide more than general information about use of the Contract with the various types of retirement plans. Purchasers of Contracts for use with any retirement plan should consult their legal counsel and tax advisor regarding the suitability of the Contract.
Individual Retirement Annuities
IRAs are contracts that satisfy the provisions of Section 408(b) of the Code, including the following requirements:
• the contract is not transferable by the owner;
• the premiums are not fixed;
• if the contract owner is younger than age 50, the annual premium cannot exceed the annual contribution limit (although rollovers of greater amounts from Qualified Plans, Tax Sheltered Annuities, certain 457 governmental plans, and other IRAs can be received);
• certain minimum distribution requirements must be satisfied after the owner attains the age of 70½ (age 72 for those employees who turn age 72 on or after January 1, 2020);
• the entire interest of the owner in the contract is nonforfeitable; and
• after the death of the owner, additional distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.
Depending on the circumstance of the owner, all or a portion of the contributions made to the account may be deducted for federal income tax purposes. IRAs may receive rollover contributions from other individual retirement accounts, other individual retirement annuities, tax sheltered annuities, certain 457 governmental plans, and qualified retirement plans (including 401(k) plans).
When the owner of an IRA attains the age of 70½ prior to January 1, 2020, the Code requires that certain minimum distributions be made. The SECURE Act that was enacted on December 20, 2019 raised the age that distributions from an IRA, SEP IRA, or Simple IRA must begin. For Contract Owners who attain age 72 on or after January 1, 2020, distributions must begin no later than April 1 of the calendar year in which the Contract Owner turns 72. In addition, upon the death of the owner of an IRA, mandatory distribution requirements are imposed by the Code to ensure distribution of the entire contract value within the required statutory period. Due to recent changes in Treasury Regulations, the amount used to compute the mandatory distributions may exceed the contract value.
Failure to make the mandatory distributions can result in an additional penalty tax of 50% of the excess of the amount required to be distributed over the amount that was actually distributed.
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For further details regarding IRAs, refer to the disclosure statement provided when the IRA was established and the annuity contract’s IRA endorsement.
As used herein, the term "individual retirement plans" shall refer to both individual retirement annuities and individual retirement accounts that are described in Section 408 of the Code.
One-Rollover-Per-Year Limitation
A contract owner can receive a distribution from an IRA and roll it into another IRA within 60 days from the date of the distribution and not have the amount of the distribution included in taxable income. Only one rollover per year from a contract owner’s IRA is allowed. The one year period begins on the date the contract owner receives the IRA distribution, and not on the date the IRA was rolled over. The Internal Revenue Service ("IRS") has interpreted this one-rollover-per-year limitation as applying separately to each IRA a contract owner owns.
However, on March 20, 2014, the IRS issued Announcement 2014-15 in which it decided to follow the Tax Court’s interpretation of the one rollover per year rule in the Bobrow case. In Bobrow, the Tax Court interpreted the one-rollover-per-year limitation as applying in the aggregate to all the IRAs that a taxpayer owns. This means that a contract owner cannot make an IRA rollover distribution if, within the previous one year period, an IRA rollover distribution was taken from any other IRAs owned. Also, rollovers between an individual’s Roth IRAs would prevent a separate rollover within the 1-year period between the individual’s traditional IRAs, and vice versa.
Direct transfers of IRA funds between IRA trustees are not subject to the one rollover per year limitation because such transfers are not considered rollover distributions. Also, a rollover from a traditional IRA to a Roth IRA (a conversion) is not subject to the one roll over per year limitation, and such a rollover is disregarded in applying the one rollover per year limitation with respect to other IRA rollovers.
ROTH Individual Retirement Annuities (ROTH IRA)
Roth IRA contracts are contracts that satisfy the provisions of Section 408A of the Code, including the following requirements:
• the contract is not transferable by the owner;
• the premiums are not fixed;
• if the contract owner is younger than age 50, the annual premium cannot exceed the annual contribution limit (although rollovers of greater amounts from other Roth IRAs and other individual retirement plans can be received);
• the entire interest of the owner in the contract is nonforfeitable; and
• after the death of the owner, certain distribution requirements may be imposed to ensure distribution of the entire balance in the contract within the statutory period of time.
A Roth IRA can receive a rollover from an individual retirement plan or another eligible retirement plan; however, the amount rolled over from the individual retirement plan or other eligible retirement plan to the Roth IRA is required to be included in the owner's federal gross income at the time of the rollover, and will be subject to federal income tax.
A Roth IRA owner was able to recharacterize ("undo") the rollover or conversion of an amount from an IRA or qualified retirement plan to a Roth IRA if they later determined that the rollover or conversion was not to their advantage. However, the Tax Cuts and Jobs Act of 2017 eliminated the ability to recharacterize a rollover or conversion of an amount from an IRA or eligible retirement plan that occurs after December 31, 2017. Purchasers of Contracts should consult their legal counsel and tax advisor.
For further details regarding Roth IRAs, please refer to the disclosure statement provided when the Roth IRA was established and the annuity contract’s IRA endorsement.
Section 403(b) Plans
Under section 403(b) of the Code, payments made by public school systems and certain tax exempt organizations to purchase Contracts for their employees are excludable from the gross income of the employee, subject to certain limitations. However, such payments may be subject to FICA (Social Security) taxes. In accordance with the requirements of the Code, section 403(b) annuities generally may not permit distribution of (i) elective contributions made in years beginning after December 31, 1988, (ii) earnings on those contributions, and (iii) earnings on amounts attributed to
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elective contributions held as of the end of the last year beginning before January 1, 1989. Distributions of such amounts will be allowed only upon the death of the employee, on or after attainment of age 59 1/2, severance from employment, disability, or financial hardship, except that income attributable to elective contributions may not be distributed in the case of hardship.
Corporate Pension, Profit Sharing Plans and H.R. 10 Plans
Sections 401(a) and 403(a) of the Code permit corporate employers to establish various types of retirement plans for employees and self-employed individuals to establish qualified plans for themselves and their employees. Such retirement plans may permit the purchase of the Contracts to accumulate retirement savings. Adverse tax consequences to the plan, the participant or both may result if the Contract is assigned or transferred to any individual as a means to provide benefit payments.
Deferred Compensation Plans
Section 457 of the Code, while not actually providing for a qualified plan (as that term is used in the Code), provides for certain deferred compensation plans with respect to service for state governments, local governments, political subdivisions, agencies, instrumentalities and certain affiliates of such entities, and tax exempt organizations. The Contracts can be used with such plans. Under such plans a participant may specify the form of investment in which his or her participation will be made. For non-governmental section 457 plans, all such investments, however, are owned by the sponsoring employer, and are subject to the claims of the general creditors of the sponsoring employer. Depending on the terms of the particular plan, a non-governmental employer may be entitled to draw on deferred amounts for purposes unrelated to its section 457 plan obligations.
Taxation of Jefferson National
Jefferson National at present is taxed as a life insurance company under Part I of Subchapter L of the Code. The separate account is treated as part of us and, accordingly, will not be taxed separately as a "regulated investment company" under Subchapter M of the Code. At present, we do not expect to incur any federal income tax liability with respect to investment income and net capital gains arising from the activities of the separate account retained as part of the reserves under the Contract. Based on this expectation, it is anticipated that no charges will be made against the separate account for federal income taxes. If, in future years, any federal income taxes are incurred by us with respect to the separate account, we may make charges to the separate account.
Published Ratings
We may from time to time publish in advertisements, sales literature and reports to owners, the ratings and other information assigned to the Company by one or more independent rating organizations, such as A.M. Best Company, Standard and Poor’s Insurance Rating Services, Moody’s Investors Service, Inc. and Fitch Ratings. These ratings are opinions of an operating insurance company’s financial strength and capacity to meet its obligations to Contract owners. These ratings do not apply to the separate account, its Sub-accounts, the Investment Portfolios or to their performance.
Administration
Jefferson National Financial Corp. performs administrative services for the Contracts. These services include issuance of the Contracts, maintenance of the records concerning the contracts and certain valuation services.
Annuity Provisions
The Company makes available several fixed annuity options.
Fixed Annuity Payout
A fixed annuity is an annuity with payments which are guaranteed as to dollar amount by the Company and do not vary with the investment experience of the investment portfolios. The dollar amount of each fixed annuity payment is determined in accordance with Annuity Tables contained in the Contract.
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Distribution
Jefferson National Securities Corporation, a registered broker-dealer and a member of the Financial Industry Regulatory Authority ("Distributor"), acts as the principal underwriter of the Contracts. The Distributor’s address is 10350 Ormsby Park Place, Louisville, Kentucky 40223. The Distributor is an affiliate of Jefferson National Life Insurance Company of New York. We offer the Contracts for sale on a continuous basis through the Distributor. No compensation was paid to the Distributor during the last fiscal year related to the sale of the Contracts.
We make payments in the form of expense reimbursements or marketing allowances to certain broker-dealers that distribute our Contracts in exchange for privileges, including additional or special access to broker-dealers’ sales staff, opportunities to provide and attend training and other conferences, and marketing access for our product. The method for calculating any additional compensation may include consideration of the level of sales or assets attributable to the firm. Not all broker-dealers receive additional compensation and the amount of compensation varies by firm. These payments could be significant to a firm, and could be a conflict of interest. We generally choose to compensate broker-dealers that have a strong capability to distribute the Contracts and that are willing to cooperate with our promotional efforts.
The following list includes the names of firms that received expense reimbursement or marketing allowance payments of more than $5,000 with respect to variable annuities sold for Jefferson National Life Insurance Company of New York, during the last calendar year.
Advisor Group
Cambridge
Centarus
Cetera Financial Group
H Beck
Kestra
Ladenburg Thalmann
Raymond James
Arrangements Regarding Frequent Purchases and Redemptions
The Company has no arrangements with any contract owners, financial advisors or other individuals or entities to permit purchases and redemptions other than in accordance with the administrative rules described in the prospectus for Jefferson National Life of New York Annuity Account 1, dated May 1, 2020.
Financial Statements
The financial statements and schedules of the Company and the Separate Account included in this Statement of Additional Information should be considered only as bearing upon the ability of the Company to meet its obligations under the Contracts.
Independent Registered Public Accounting Firm
The financial statements of Jefferson National Life of New York Annuity Account 1 and the statutory financial statements and schedules of Jefferson National Life Insurance Company of New York for the periods indicated have been included herein in reliance upon the reports of KPMG LLP, independent registered public accounting firm, appearing elsewhere herein, and upon the authority of said firm as experts in accounting and auditing. KPMG LLP is located at 191 West Nationwide Blvd., Suite 500, Columbus, Ohio 43215.
The KPMG LLP report dated April 21, 2021 of Jefferson National Life Insurance Company of New York, includes explanatory language that states that the financial statements are prepared by Jefferson National Life Insurance Company of New York using statutory accounting practices prescribed or permitted by the New York State Department of Financial Services, which is a basis of accounting other than U.S. generally accepted accounting principles. Accordingly, the KPMG LLP audit report states that the financial statements are not intended to be and, therefore, are not presented fairly in accordance with U.S. generally accepted accounting principles and further states that those statements are presented fairly, in all material respects, in accordance with the statutory accounting practices prescribed or permitted by the New York State Department of Financial Services.
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Custodian
The Company is the custodian of the assets of the Separate Account. The shares are held in book-entry form. The Company maintains a record of all purchases and redemptions of shares of the underlying portfolios.
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10

JEFFERSON

NATIONAL LIFE OF

NY ANNUITY

ACCOUNT 1

Annual Report

To

Contract Owners

December 31, 2020

 

LOGO

JEFFERSON NATIONAL LIFE INSURANCE COMPANY

HOME OFFICE: LOUISVILLE, KENTUCKY

Report of Independent Registered Public Accounting Firm

The Board of Directors of Jefferson National Life Insurance Company and

Contract Owners of Jefferson National Life of New York Annuity Account 1:

Opinion on the Financial Statements

We have audited the accompanying statement of assets, liabilities and contract owners’ equity of the sub-accounts listed in the Appendix that comprise the Jefferson National Life of New York Annuity Account 1 (the Separate Account) as of the date listed in the Appendix, the related statements of operations for the year or period listed in the Appendix and changes in contract owners’ equity for each of the years or periods listed in the Appendix, and the related notes including the financial highlights in Note 6 for each of the years or periods in the four-year period ended December 31, 2020 (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of each sub-account as of the date listed in the Appendix, the results of its operations for the year or period listed in the Appendix and changes in its contract in its owners’ equity for each of the years or periods listed in the Appendix, and the financial highlights for each of the years or periods in the four-year period ended December 31, 2020, in conformity with U.S. generally accepted accounting principles. The financial highlights in Note 6 for the year ended December 31, 2016, were audited by other independent registered public accountants whose report, dated April 24, 2017, expressed an unqualified opinion on those financial highlights.

Basis for Opinion

These financial statements are the responsibility of the Separate Account’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Separate Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Such procedures also included confirmation of securities owned as of December 31, 2020, by correspondence with the transfer agent of the underlying mutual funds. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/    KPMG LLP

We have not been able to determine the specific year that we began serving as the auditor of one or more of Nationwide Life Insurance Company’s separate accounts, however we are aware that we have served as the auditor of one or more of Nationwide Life Insurance Company’s separate accounts since at least 1981.

Columbus, Ohio

April 2, 2021

Appendix

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, the related statements of operations for the year then ended, and the statements changes in contract owners’ equity for each of the years in the two-year period then ended.

ADVISORS PREFERRED TRUST

Advisors Preferred Trust Gold Bullion Strategy (APTGBS)

ALGER PORTFOLIOS

Alger Capital Appreciation Class I-2 (ALCAI2)

Alger Large Cap Growth Class I-2 (ALCGI2)

Alger Mid Cap Growth (ALMGI2)

ALLIANCE VAR PRODUCTS SERIES

AB Growth and Income Class A (ALVGIA)

AB International Value Class B (ALVIVB)

AB Small-Mid Cap Value – Class B (ALVSVB)

ALPS VARIABLE INVESTMENT TRUST

ALPS Alerian Energy Infrastructure Class III (AAEIP3)

ALPS Aggressive Growth ETF Asset Allocation II (AAGEA2)

ALPS Balanced ETF Asset Allocation II (ABEAA2)

ALPS Conservative ETF Asset Allocation II (ACEAA2)

ALPS Growth ETF Asset Allocation II (AGEAA2)

ALPS Red Rocks Global Opportunity Cl III (ARLPE3) (1)

ALPS Income and Growth ETF Asset Allocation II (AUGEA2)

AMERICAN CENTURY VARIABLE PORT

American Century VP Balanced – Class I (ACVB)

American Century VP International I (ACVI)

American Century VP Disciplined Core Value I (ACVIG) (1)

American Century VP Inflation Protection Class II (ACVIP2)

American Century VP Ultra I (ACVU1)

American Century VP Value I (ACVV)

AMERICAN FUNDS INS SERIES

American Funds Asset Allocation Class 4 (AMVAA4)

American Funds Blue Chip Income and Growth 4 (AMVBC4)

American Funds Bond Class 4 (AMVBD4)

American Funds Capital Income Builder Class 4 (AMVCB4)

American Funds Capital World Bond Class 4 (AMVGB4) (1)

American Funds Global Growth Class 4 (AMVGG4)

American Funds Growth-Income Class 4 (AMVGI4)

American Funds Growth Class 4 (AMVGR4)

American Funds Global Small Cap Class 4 (AMVGS4)

American Funds Global Growth and Income Class 4 (AMVGW4)

American Funds High-Income Bond Class 4 (AMVHI4)

American Funds International Class 4 (AMVI4)

American Funds International Growth and Income Class 4 (AMVIG4)

American Funds Mortgage Class 4 (AMVM4)

American Funds New World (AMVNW4)

American Funds US Government/AAA Rated Securities 4 (AMVUA4)

American Funds Mngd Rsk Asset Allocation P-2 (AVPAP2)

American Funds Mngd Rsk Blue Chp Inc & Gr P-2 (AVRBP2)

 

A-1

AMUNDI PIONEER ASSET MGMNT

Amundi Pioneer Bond VCT II (PIVB2)

Amundi Pioneer Equity Income VCT Class II (PIVEI2)

Amundi Pioneer Mid Cap Value VCT Class II (PIVMV2)

Amundi Pioneer Strategic Income VCT Class II (PIVSI2)

BLACKROCK VAR SERIES TRST FNDS

BlackRock Equity Dividend V.I. Cl3 (BRVED3)

BlackRock High Yield V.I. Cl3 (BRVHY3)

BlackRock Total Return V.I. Cl3 (BRVTR3)

BlackRock U.S. Government Bond V.I. Cl3 (BRVUG3)

BlackRock Advantage Large Cap Core V.I. Cl3 (BVLCC3)

BlackRock Large Cap Focus Growth V.I. Cl3 (BVLFG3)

BlackRock Global Allocation V.I. Cl3 (MLVGA3)

BNY MELLON FUNDS

BNY Mellon Stock Index (DSIF)

BNY Mellon Sustainable U.S. Equity (DSRG)

BNY Mellon Small Cap Stock Index – Serv (DVSCS)

CALVERT VARIABLE SERIES

Calvert VP SRI Balanced Class F (CVSBF)

COLUMBIA VARIABLE PORTFOLIO

CVP Seligman Global Technology – Class 2 (CLVGT2)

CVP Select Large Cap Value (CLVLV1)

CVP Strategic Income 2 (CLVSI2)

CVP Select Small Cap Value (CLVSV1)

CREDIT SUISSE TRUST

Credit Suisse Trust Commodity Return Strategy (CSCRS)

DELAWARE VIP TRUST

Delaware VIP Small Cap Value – Service (DWVSVS)

DFA INVESTMENT DIMENSIONS

DFA VA Equity Allocation (DFVEA)

DFA VA Global Bond (DFVGB)

DFA VA Global Moderate Allocation (DFVGMI)

DFA VA International Small (DFVIS)

DFA VA International Value (DFVIV)

DFA VA Short-Term Fixed (DFVSTF)

DFA VA U.S. Large Value (DFVULV)

DFA VA U.S. Targeted Value (DFVUTV)

EATON VANCE VP

Eaton Vance VT Floating-Rate Income (ETVFR)

FEDERATED HERMES INSURANCE SERIES

Federated Hermes High Income Bond II (FHIB) (1)

Federated Hermes Kaufmann II (FVK2S) (1)

Federated Hermes Managed Volatility II (FVU2) (1)

FIDELITY VIP

Fidelity VIP Balanced – Serv II (FB2)

Fidelity VIP Contrafund – Serv II (FC2)

Fidelity VIP Disciplined Small Cap – Serv II (FDSCS2)

Fidelity VIP Equity-Income – Serv II (FEI2)

Fidelity VIP Growth – Serv II (FG2)

Fidelity VIP Growth & Income – Serv II (FGI2)

Fidelity VIP Growth Opportunities – Serv II (FGO2)

 

A-2

Fidelity VIP High Income – Serv II (FHI2)

Fidelity VIP Investment Grade Bond – Serv II (FIGBP2)

Fidelity VIP Mid Cap – Serv II (FMC2)

Fidelity VIP Overseas – Serv II (FO2)

Fidelity VIP Real Estate – Serv II (FRESS2)

Fidelity VIP Value –Serv II (FV2)

Fidelity VIP Freedom Income Serv II (FVFI2)

Fidelity VIP Intl Capital Apprec – Serv II (FVICA2)

Fidelity VIP Strategic Income – Serv II (FVSIS2)

FIRST EAGLE

First Eagle Overseas (FEOVF)

FRANKLIN TEMPLETON VIP TRUST

Franklin Templeton Global Bond II (FTVGI2)

Franklin Global Real Estate II (FTVGR2)

Franklin Income II (FTVIS2)

Franklin Mutual Shares II (FTVMS2)

Franklin Rising Dividends II (FTVRD2)

Franklin Strategic Income II (FTVSI2)

Franklin U.S. Government Securities II (FTVUG2)

GOLDMAN SACHS VAR INS TRUST

Goldman Sachs VIT Multi-Strategy Alternatives (GVMSA)

GUGGENHEIM VARIABLE TRUST

Guggenheim Var Ser Floating Rate Strategies Ser F (GVFRB)

Guggenheim Var Ser U.S. Total Return Bond Ser E (GVTRBE)

Guggenheim Rydex Inverse NASDAQ-100 Strategy (RAF)

Guggenheim Rydex Biotechnology (RBF)

Guggenheim Rydex Banking (RBKF)

Guggenheim Rydex Consumer Products (RCPF)

Guggenheim Rydex Electronics (RELF)

Guggenheim Rydex Energy (RENF)

Guggenheim Rydex Energy Services (RESF)

Guggenheim Rydex Health Care (RHCF)

Guggenheim Rydex Internet (RINF)

Guggenheim Rydex Inverse Gov’t Long Bond Strtgy (RJNF)

Guggenheim Rydex Leisure (RLF)

Guggenheim Rydex Nova (RNF)

Guggenheim Rydex NASDAQ-100 (ROF)

Guggenheim Rydex Precious Metals (RPMF)

Guggenheim Rydex Real Estate (RREF)

Guggenheim Rydex Retailing (RRF)

Guggenheim Long Short Equity (RSRF)

Guggenheim Rydex Technology (RTEC)

Guggenheim Rydex S&P 500 2X Strategy (RTF)

Guggenheim Rydex Transportation (RTRF)

Guggenheim Rydex Inverse S&P 500 Strategy (RUF)

Guggenheim Rydex Gov’t Long Bond 1.2X Strtgy (RUGB)

Guggenheim Rydex Utilities (RUTL)

Guggenheim Multi-Hedge Strategies (RVARS)

Guggenheim Rydex NASDAQ-100 2X Strategy (RVF)

Guggenheim Rydex Inverse Russell 2000 Strategy (RVISC)

Guggenheim Rydex S&P 500 Pure Growth (RVLCG)

 

A-3

Guggenheim Rydex S&P 500 Pure Value (RVLCV)

Guggenheim Rydex Dow 2X Strategy (RVLDD)

Guggenheim Rydex S&P MidCap 400 Pure Value (RVMCV)

Guggenheim Global Managed Futures Strategy (RVMFU)

Guggenheim Rydex S&P SmallCap 600 Pure Growth (RVSCG)

Guggenheim Rydex S&P SmallCap 600 Pure Value (RVSCV)

Guggenheim Var Ser StylePlus Mid Growth Ser J (SBLJ)

Guggenheim Var Ser High Yield Ser P (SBLP)

Guggenheim Var Ser Small Cap Value Ser Q (SBLQ)

Guggenheim Var Ser StylePlus Large Growth Ser Y (SBLY)

INVESCO V. I.

Invesco V.I. High Yield I (AVHY1)

Invesco V.I. International Growth I (AVIE)

Invesco V.I. Balanced Risk Allocation II (IVBRA2)

Invesco V.I. Core Plus Bond I (IVCPBI)

Invesco V.I. Diversified Dividend I (IVDDI)

Invesco V.I. Government Money Market I (IVGMMI)

Invesco V.I. Government Securities I (IVGS1)

Invesco V.I. Health Care I (IVHS)

Invesco V.I. Equity and Income I (IVKEI1)

Invesco V.I. Mid Cap Core Equity II (IVMCC2)

Invesco V.I. Global Real Estate I (IVRE)

Invesco V.I. Technology I (IVT)

Invesco Oppenheimer V.I. Main Street – S2 (OVGIS)

Invesco Oppenheimer V.I. Global – S2 (OVGSS)

Invesco Oppenheimer V.I. International Growth – S2 (OVIGS)

Invesco Oppenheimer V.I. Global Strategic Inc – S2 (OVSBS)

Invesco Oppenheimer V.I. Total Return Bond – S2 (OVTRBS)

IVY VIP

Ivy VIP Corporate Bond (WRBDP)

Ivy VIP Balanced (WRBP)

Ivy VIP Energy (WRENG)

Ivy VIP Global Bond (WRGBP)

Ivy VIP Natural Resources (WRGNR)

Ivy VIP High Income (WRHIP)

Ivy VIP Limited-Term Bond (WRLTBP)

Ivy VIP Mid Cap Growth (WRMCG)

Ivy VIP Science and Technology (WRSTP)

Ivy VIP Value (WRVP)

JANUS ASPEN SERIES (1)

Janus Henderson Balanced – Inst (JABIN)

Janus Henderson Enterprise – Inst (JAEI)

Janus Henderson Flexible Bond – Serv (JAFBS)

Janus Henderson Forty – Inst (JAFRIN)

Janus Henderson Global Research – Inst (JAGRIN)

Janus Henderson Overseas – Inst (JAIG)

Janus Henderson Research – Inst (JARIN)

Janus Henderson US Low Volatility – Serv (JIULVV)

Janus Henderson Mid Cap Value – Inst (JMCVIN)

 

A-4

JOHN HANCOCK

JHancock Emerging Markets Value Trust NAV (JHEVTN)

JPMORGAN

JPMorgan Global Allocation Class 2 (JPIGA2)

JPMorgan Income Builder Class 2 (JPIIB2)

LAZARD RETIREMENT SERIES FUND

Lazard Retirement Emerging Markets Equity (LZREMS)

Lazard Retirement Global Dynamic Multi-Asset (LZRGDM)

Lazard Retirement International Equity (LZRIES)

Lazard Retirement US Small-Mid Cap Equity (LZRUSM)

LMPV EQUITY TRUST

LMCBV Aggressive Growth I (LPVCAI)

LMCBV Dividend Strategy I (LPVCII)

LM QS Dynamic Multi Strategy II (LPVQD2)

LMCBV Large Cap Growth I (LVCLGI)

LMCBV Small Cap Growth II (SBVSG2)

LMPV INCOME TRUST

LMWAV Global High Yield Bond I (SBVHY)

LORD ABBETT SERIES FUND, INC.

Lord Abbett Bond Debenture (LOVBD)

Lord Abbett Dividend Growth (LOVCDG) (1)

MAINSTAY VP FUNDS TRUST

MainStay VP MacKay Convertible Service (MNCPS)

MFS VARIABLE INSURANCE TRUST

MFS Growth Series – Service (MEGSS)

MFS Value Series – Service (MVFSC)

NATIONWIDE VARIABLE INSURANCE

NW DoubleLine NVIT Total Return Tactical Cl Y (DTRTFY)

NVIT S&P 500 Index – Class Y (GVEXD)

NVIT International Index – Class Y (GVIXY)

NVIT Mid Cap Index – Class Y (MCIFD)

NVIT Bond Index – Class Y (NVBXD)

NVIT Multi-Manager Mid Cap Value I (NVMMV1)

NVIT Small Cap Index – Class Y (NVSIXD)

NEUBERGER BERMAN ADV MGT TRUST

Neuberger Berman AMT Mid Cap Growth Class I (AMCG)

Neuberger Berman AMT Mid Cap Intrinsic Value I (AMRI)

Neuberger Berman AMT Short Duration Bond (AMTB)

Neuberger Berman AMT US Equity Index PutWrite Strategy (NBARMS)

NORTHERN LIGHTS VARIABLE TRUST

Ntrn Lts 7Twelve Balanced Cl 3 (NO7TB3)

Ntrn Lts BTS Tactical Fixed Income VIT CL 2 (NOTBBA)

Ntrn Lts Power Dividend Index (NOVPDI)

Ntrn Lts Power Momentum (NOVPM)

PIMCO VARIABLE INSURANCE TRUST

PIMCO VIT Dynamic Bond – Admin (PMUBAM)

PIMCO VIT All Asset – Admin (PMVAAA)

PIMCO VIT Emerging Markets Bond – Admin (PMVEBA)

PIMCO VIT International Bond (US Dollar Hedged) – Admin (PMVFHA)

PIMCO VIT Global Bond Opportunities Unhedged – Admin (PMVGBA)

PIMCO VIT High Yield – Admin (PMVHYA)

 

A-5

PIMCO VIT Income – Admin (PMVID)

PIMCO VIT Low Duration – Admin (PMVLDA)

PIMCO VIT Long Term US Government – Admin (PMVLGA)

PIMCO VIT Real Return – Admin (PMVRRA)

PIMCO VIT CommodityRealReturn Strategy – Admin (PMVRSA)

PIMCO VIT Total Return – Admin (PMVTRA)

PIMCO VIT Short-Term – Admin (PVSTA)

PROFUNDS VP

ProFunds VP Asia 30 (PROA30)

ProFunds VP Biotechnology (PROBIO)

ProFunds VP Bull (PROBL)

ProFunds VP Consumer Services (PROCS)

ProFunds VP Emerging Markets (PROEM)

ProFunds VP Financials (PROFIN)

ProFunds VP Government Money Market (PROGMM)

ProFunds VP U.S. Government Plus (PROGVP)

ProFunds VP Health Care (PROHC)

ProFunds VP Industrials (PROIND)

ProFunds VP Japan (PROJP)

ProFunds VP Large-Cap Growth (PROLCG)

ProFunds VP Mid-Cap (PROMC)

ProFunds VP Mid-Cap Value (PROMCV)

ProFunds VP NASDAQ-100 (PRON)

ProFunds VP Internet (PRONET)

ProFunds VP Precious Metals (PROPM)

ProFunds VP Real Estate (PRORE)

ProFunds VP Small Cap (PROSC)

ProFunds VP Small-Cap Growth (PROSCG)

ProFunds VP Semiconductor (PROSCN)

ProFunds VP Small-Cap Value (PROSCV)

ProFunds VP Technology (PROTEC)

ProFunds VP Telecommunications (PROTEL)

ProFunds VP UltraNASDAQ-100 (PROUN)

ProFunds VP UltraSmall-Cap (PROUSC)

ProFunds VP Utilities (PROUTL)

PUTNAM VARIABLE TRUST

Putnam VT Mortgage Securities Cl IB (PVAGIB)

Putnam VT Diversified Income Cl IB (PVDIB)

Putnam VT Equity Income Cl IB (PVEIB)

Putnam VT High Yield Cl IB (PVHYB)

Putnam VT Income Cl IB (PVIB)

REDWOOD

Redwood Managed Volatility Class N (RWMVN)

ROYCE CAPITAL FUND

Royce Micro-Cap (ROCMC)

Royce Small-Cap (ROCSC)

T. ROWE PRICE VIP II

T. Rowe Price Blue Chip Growth II (TRBCG2)

T. Rowe Price Equity Income II (TREI2)

T. Rowe Price Health Sciences II (TRHS2)

T. Rowe Price Limited-Term Bond II (TRLT2)

 

A-6

TIMOTHY PLAN VARIABLE SERIES

Timothy Plan Strategic Growth VS (TPVSGP)

VANECK VIP

VanEck VIP Global Gold Class S (VVGGS)

VanEck Emerging Markets Bond (VWBF) (1)

VanEck VIP Emerging Markets (VWEM)

VanEck VIP Global Hard Assets Initial Cl (VWHA)

VANGUARD VARIABLE INS FUNDS

Vanguard VIF Balanced (VVB)

Vanguard VIF Capital Growth (VVCG)

Vanguard VIF Diversified Value (VVDV)

Vanguard VIF Equity Income (VVEI)

Vanguard VIF Equity Index (VVEIX)

Vanguard VIF Growth (VVG)

Vanguard VIF Total Bond Market Index (VVHGB)

Vanguard VIF High Yield Bond (VVHYB)

Vanguard VIF International (VVI)

Vanguard VIF Mid-Cap Index (VVMCI)

Vanguard VIF REIT Index (VVREI)

Vanguard VIF Small Company Growth (VVSCG)

Vanguard VIF Short-Term Investment Grade (VVSTC)

Vanguard VIF Total Stock Market Index (VVTSM)

VIRTUS VAR INSURANCE TRUST

Virtus Duff & Phelps Real Estate Securities Class A (VRVDRA)

Virtus Newfleet Multi-Sector Intermediate Bond Class A (VRVNMA)

WELLS FARGO VARIABLE TRUST

Wells Fargo VT Discovery (SVDF)

WESTCHESTER CAPITAL MGMT

Westchester Merger Fund VL (MGRFV)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from February 7, 2020 (inception) to December 31, 2020.

GUGGENHEIM VARIABLE TRUST

Guggenheim Rydex Russell 2000 2X Strategy (GVR2XS)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from April 7, 2020 (inception) to December 31, 2020.

GUGGENHEIM VARIABLE TRUST

Guggenheim Rydex Basic Materials (RBMF)

 

A-7

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from April 6, 2020 (inception) to December 31, 2020.

GUGGENHEIM VARIABLE TRUST

Guggenheim Rydex High Yield Strategy (RHYS)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from March 27, 2020 (inception) to December 31, 2020.

INVESCO V. I.

Invesco V.I. Comstock I (ACC1)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from December 30, 2020 (inception) to December 31, 2020.

NATIONWIDE VARIABLE INSURANCE

Nationwide NVIT AQR Large Cap Defensive Style Class 1 (TRF) (1)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from February 24, 2020 (inception) to December 31, 2020.

NORTHERN LIGHTS VARIABLE TRUST

Ntrn Lts TOPS Managed Risk Balanced ETF – Class 2 (NOTB2)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from March 10, 2020 (inception) to December 31, 2020.

PROFUNDS VP

ProFunds VP Oil & Gas (PROOG)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from May 19, 2020 (inception) to December 31, 2020.

VIRTUS VAR INSURANCE TRUST

Virtus SGA International Class A (VRVDIA)

 

A-8

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from October 23, 2020 (inception) to December 31, 2020.

NATIONWIDE VARIABLE INSURANCE

NVIT Investor Destinations Capital Appreciation Class P (NVDCAP)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, and the related statements of operations and changes in contract owners’ equity for the period from May 1, 2020 (inception) to December 31, 2020.

MFS VARIABLE INSURANCE TRUST

MFS VIT New Discovery Series – Service (MNDSC)

NATIONWIDE VARIABLE INSURANCE

NVIT iShares ETF Fixed Income Fund Y (NVFIY)

PUTNAM VARIABLE TRUST

Putnam VT Sustainable Leaders Class IB (PVNOB)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2020 and the period from May 1, 2019 (inception) to December 31, 2019.

NATIONWIDE VARIABLE INSURANCE

NVIT Government Money Market (SAMY)

VANGUARD VARIABLE INS FUNDS

Vanguard VIF Conservative Allocation (VVCA)

Vanguard VIF Global Bond Index (VVGBI)

Vanguard VIF Total International Stock Market Index (VVTISI)

Statement of operations for the period from January 1, 2020 to April 30, 2020 (liquidation) and the statements of changes in contract owners’ equity for the period from January 1, 2020 to April 30, 2020 (liquidation) and the year ended December 31, 2019.

BNY MELLON FUNDS

BNY Mellon Variable Investment Fund – International Value Portfolio: Initial Shares (DVIV)

Statement of operations for the period from January 1, 2020 to April 23, 2020 (liquidation) and the statements of changes in contract owners’ equity for the period from January 1, 2020 to April 23, 2020 (liquidation) and the year ended December 31, 2019.

COLUMBIA VARIABLE PORTFOLIO

Columbia Funds Variable Insurance Trust – CTIVP – AQR Managed Futures Strategy Fund: Class 2 (CLVQF2)

 

A-9

Statement of changes in contract owners’ equity for the period from January 1, 2019 to July 31, 2019 (liquidation).

LORD ABBETT SERIES FUND, INC.

Lord Abbett International Opportunities (LOIOVC)

Statement of changes in contract owners’ equity for the period from January 1, 2019 to April 30, 2019 (liquidation).

NEUBERGER BERMAN ADV MGT TRUST

Neuberger Berman Advisers Management Trust – Large Cap Value Portfolio: Class I (AMTP)

Statement of changes in contract owners’ equity for the period from January 1, 2019 to April 26, 2019 (liquidation).

INVESCO V. I.

Invesco Oppenheimer V.I. Global Multi-Alternatives – Cl 2 (OVGMAS)

Statement of changes in contract owners’ equity for the period from January 1, 2019 to March 6, 2019 (liquidation).

TORTOISE VARIABLE INSURANCE PORTFOLIO

Tortoise VIP MLP & Pipeline Class II (TTVMP2)

 

Statement of changes in contract owners’ equity for the period from January 1, 2019 to February 27, 2019 (liquidation).

JANUS ASPEN SERIES

Janus Henderson Global Unconstrained Bond – Serv (JGUBSV)

 

Statement of operations for the period from January 1, 2020 to October 23, 2020 (liquidation) and the statements of changes in contract owners’ equity for the period from January 1, 2020 to October 23, 2020 (liquidation) and the year ended December 31, 2019.

NATIONWIDE VARIABLE INSURANCE

Nationwide Variable Insurance Trust – NVIT DFA Capital Appreciation Fund: Class P (NVLCAP)

Statement of operations for the period from January 1, 2020 to June 1, 2020 (liquidation) and the statements of changes in contract owners’ equity for the period from January 1, 2020 to June 1, 2020 (liquidation) and the year ended December 31, 2019.

PIMCO VARIABLE INSURANCE TRUST

PIMCO VIT All Asset All Authority – Admin (PVAAAD)

 

A-10

Statement of assets, liabilities and contract owners’ equity as of December 31, 2020 and the related statements of changes in contract owners’ equity for each of the years in the two-year period then ended.

GUGGENHEIM VARIABLE TRUST

Guggenheim Rydex Financial Services (RFSF)

Guggenheim Rydex Mid-Cap 1.5X Strategy (RMED)

Guggenheim Rydex Russell 2000 1.5X Strategy (RMEK)

Guggenheim Rydex Telecommunications (RTEL)

Guggenheim Rydex S&P MidCap 400 Pure Growth (RVMCG)

Guggenheim Rydex Strengthening Dollar 2X Strategy (RVSDL)

INVESCO V. I.

Invesco V.I. Core Equity I (AVGI)

NEUBERGER BERMAN ADV MGT TRUST

Neuberger Berman AMT Sustainable Equity Class I (AMSRS)

PIMCO VARIABLE INSURANCE TRUST

PIMCO VIT International Bond (Unhedged) – Admin (PMVFBA)

PIMCO VIT Global Managed Allocation Adm (PVGMAA) (1)

 

(1) 

See Note 1 to the financial statements for the former name of the sub-account.

 

A-11

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

 

Subaccount*,**    Shares      Cost      Investments, at
fair value		      Accounts
Receivable		      Total Assets      Accounts
Payable		      Contract
Owners’
Equity		      Accumulation
Units		      Contracts in
Payout		      Contract
Owners’
Equity		  

APTGBS

      20,791      $ 548,946      $ 553,674      $ 4      $ 553,678      $ -          $ 553,678      $ 553,678      $ -          $ 553,678  

ALCAI2

      5,337        467,717        533,479        14        533,493        -            533,493        533,493        -            533,493  

ALCGI2

      9,594        942,472        896,204        8        896,212        -            896,212        896,212        -            896,212  

ALMGI2

      14,742        437,847        490,010        -            490,010        9        490,001        490,001        -            490,001  

ALVGIA

      6,542        195,567        189,511        -            189,511        3        189,508        189,508        -            189,508  

ALVIVB

      3,345        46,572        47,962        2        47,964        -            47,964        47,964        -            47,964  

ALVSVB

      13,065        198,199        224,580        9        224,589        -            224,589        224,589        -            224,589  

AAEIP3

      23,450        152,735        153,125        2        153,127        -            153,127        153,127        -            153,127  

AAGEA2

      1,716        20,238        22,276        5        22,281        -            22,281        22,281        -            22,281  

ABEAA2

      36,903        391,390        414,787        8        414,795        -            414,795        414,795        -            414,795  

ACEAA2

      2,595        30,255        30,080        -            30,080        4        30,076        30,076        -            30,076  

AGEAA2

      26,792        304,134        307,040        -            307,040        3        307,037        307,037        -            307,037  

AUGEA2

      15,271        160,597        168,287        1        168,288        -            168,288        168,288        -            168,288  

ACVB

      97,053        727,294        847,275        -            847,275        7        847,268        847,268        -            847,268  

ACVI

      39,627        456,613        558,734        12        558,746        -            558,746        558,746        -            558,746  

ACVIG

      75,771        740,304        778,922        -            778,922        14        778,908        778,908        -            778,908  

ACVIP2

      17,536        186,644        194,480        -            194,480        5        194,475        194,475        -            194,475  

ACVU1

      7,907        204,492        217,275        -            217,275        22        217,253        217,253        -            217,253  

AMVAA4

      42,855        978,897        1,116,812        6        1,116,818        -            1,116,818        1,116,818        -            1,116,818  

AMVBC4

      7,319        96,019        102,905        3        102,908        -            102,908        102,908        -            102,908  

AMVBD4

      34,349        376,743        401,544        1        401,545        -            401,545        401,545        -            401,545  

AMVCB4

      24,330        245,842        263,978        -            263,978        1        263,977        263,977        -            263,977  

AMVGB4

      14,802        169,244        188,132        5        188,137        -            188,137        188,137        -            188,137  

AMVGG4

      647        22,405        26,191        3        26,194        -            26,194        26,194        -            26,194  

AMVGI4

      10,001        460,726        539,931        5        539,936        -            539,936        539,936        -            539,936  

AMVGR4

      8,611        685,516        1,009,596        14        1,009,610        -            1,009,610        1,009,610        -            1,009,610  

AMVGS4

      1,176        28,308        37,243        -            37,243        4        37,239        37,239        -            37,239  

AMVGW4

      827        9,842        13,520        2        13,522        -            13,522        13,522        -            13,522  

AMVHI4

      17,217        181,383        181,468        -            181,468        6        181,462        181,462        -            181,462  

AMVI4

      25,275        504,566        587,651        -            587,651        1        587,650        587,650        -            587,650  

AMVIG4

      612        9,966        11,520        4        11,524        -            11,524        11,524        -            11,524  

AMVM4

      3,290        34,114        36,095        3        36,098        -            36,098        36,098        -            36,098  

AMVNW4

      45,325        1,121,992        1,406,883        4        1,406,887        -            1,406,887        1,406,887        -            1,406,887  

AMVUA4

      35,725        464,431        460,137        -            460,137        3        460,134        460,134        -            460,134  

AVPAP2

      24,158        307,923        324,926        -            324,926        3        324,923        324,923        -            324,923  

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

 

Subaccount*,**    Shares      Cost      Investments, at
fair value		      Accounts
Receivable		      Total Assets      Accounts
Payable		      Contract
Owners’
Equity		      Accumulation
Units		      Contracts in
Payout		      Contract
Owners’
Equity		  

AVRBP2

      5,766        69,082        64,468        -            64,468        2        64,466        64,466        -            64,466  

PIVB2

      58,536        651,312        690,719        -            690,719        10        690,709        690,709        -            690,709  

PIVEI2

      2,127        41,279        33,580        -            33,580        -            33,580        33,580        -            33,580  

PIVMV2

      348        6,037        6,181        -            6,181        2        6,179        6,179        -            6,179  

PIVSI2

      8,209        81,508        87,590        -            87,590        11        87,579        87,579        -            87,579  

BRVED3

      18,405        203,883        214,414        -            214,414        9        214,405        214,405        -            214,405  

BRVHY3

      143,372        1,055,724        1,082,461        4,416        1,086,877        -            1,086,877        1,086,877        -            1,086,877  

BRVTR3

      80,249        982,919        982,243        1,437        983,680        -            983,680        983,680        -            983,680  

BRVUG3

      54,332        562,231        585,703        505        586,208        -            586,208        586,208        -            586,208  

BVLCC3

      1,713        47,376        50,678        -            50,678        2        50,676        50,676        -            50,676  

BVLFG3

      5,976        124,351        126,096        23        126,119        -            126,119        126,119        -            126,119  

MLVGA3

      51,919        739,367        845,755        -            845,755        1        845,754        845,754        -            845,754  

DSIF

      3,214        182,947        206,587        3        206,590        -            206,590        206,590        -            206,590  

DSRG

      1,269        48,580        59,969        -            59,969        14        59,955        59,955        -            59,955  

DVSCS

      63,601        1,093,146        1,212,236        -            1,212,236        16        1,212,220        1,212,220        -            1,212,220  

CVSBF

      29,783        68,838        75,053        -            75,053        3        75,050        75,050        -            75,050  

CLVGT2

      20,784        396,504        587,349        -            587,349        7        587,342        587,342        -            587,342  

CLVLV1

      9,467        233,078        280,512        -            280,512        3        280,509        280,509        -            280,509  

CLVSI2

      99,160        401,679        432,338        -            432,338        2        432,336        432,336        -            432,336  

CLVSV1

      6,507        102,570        177,779        -            177,779        5        177,774        177,774        -            177,774  

CSCRS

      6,876        26,381        23,242        2        23,244        -            23,244        23,244        -            23,244  

DWVSVS

      9,171        317,904        311,643        -            311,643        5        311,638        311,638        -            311,638  

DFVEA

      120,830        1,246,847        1,558,706        -            1,558,706        2        1,558,704        1,558,704        -            1,558,704  

DFVGB

      133,915        1,428,865        1,423,512        4        1,423,516        -            1,423,516        1,423,516        -            1,423,516  

DFVGMI

      162,755        1,993,723        2,358,314        4        2,358,318        -            2,358,318        2,358,318        -            2,358,318  

DFVIS

      115,877        1,393,778        1,530,740        -            1,530,740        2        1,530,738        1,530,738        -            1,530,738  

DFVIV

      296,460        3,433,158        3,492,299        5        3,492,304        -            3,492,304        3,492,304        -            3,492,304  

DFVSTF

      238,680        2,448,519        2,434,537        -            2,434,537        3        2,434,534        2,434,534        -            2,434,534  

DFVULV

      132,651        3,184,840        3,517,915        6        3,517,921        -            3,517,921        3,517,921        -            3,517,921  

DFVUTV

      108,514        1,627,424        1,997,739        -            1,997,739        5        1,997,734        1,997,734        -            1,997,734  

ETVFR

      53,985        487,490        487,487        4        487,491        -            487,491        487,491        -            487,491  

FHIB

      66,225        402,542        424,505        6        424,511        -            424,511        424,511        -            424,511  

FVK2S

      37,437        722,545        885,387        4        885,391        -            885,391        885,391        -            885,391  

FVU2

      35,851        360,108        397,592        -            397,592        1        397,591        397,591        -            397,591  

FB2

      52,789        1,144,165        1,195,145        -            1,195,145        4        1,195,141        1,195,141        -            1,195,141  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

 

Subaccount*,**    Shares      Cost      Investments, at
fair value		      Accounts
Receivable		      Total Assets      Accounts
Payable		      Contract
Owners’
Equity		      Accumulation
Units		      Contracts in
Payout		      Contract
Owners’
Equity		  

FC2

      65,154        2,885,122        3,044,649        -            3,044,649        -            3,044,649        3,044,649        -            3,044,649  

FDSCS2

      5,691        79,883        98,447        15        98,462        -            98,462        98,462        -            98,462  

FG2

      12,560        1,048,145        1,263,256        20        1,263,276        -            1,263,276        1,263,276        -            1,263,276  

FGI2

      3,176        65,155        68,992        -            68,992        13        68,979        68,979        -            68,979  

FGO2

      35,525        2,356,250        2,703,071        -            2,703,071        2        2,703,069        2,703,069        -            2,703,069  

FHI2

      76,796        387,819        390,891        -            390,891        -            390,891        390,891        -            390,891  

FIGBP2

      154,306        2,016,546        2,117,077        1        2,117,078        -            2,117,078        2,117,078        -            2,117,078  

FMC2

      4,495        152,643        167,629        5        167,634        -            167,634        167,634        -            167,634  

FO2

      9,175        189,929        240,833        -            240,833        5        240,828        240,828        -            240,828  

FRESS2

      2,011        35,006        34,411        -            34,411        4        34,407        34,407        -            34,407  

FV2

      19,496        199,792        306,083        8        306,091        -            306,091        306,091        -            306,091  

FVFI2

      11,189        138,220        141,879        -            141,879        2        141,877        141,877        -            141,877  

FVICA2

      18,766        361,531        428,055        -            428,055        4        428,051        428,051        -            428,051  

FVSIS2

      28,634        322,999        334,449        7        334,456        -            334,456        334,456        -            334,456  

FEOVF

      5,290        132,884        135,327        -            135,327        11        135,316        135,316        -            135,316  

FTVGI2

      47,577        769,281        657,518        -            657,518        4        657,514        657,514        -            657,514  

FTVGR2

      527        8,508        7,495        2        7,497        -            7,497        7,497        -            7,497  

FTVIS2

      8,767        138,368        131,850        -            131,850        4        131,846        131,846        -            131,846  

FTVMS2

      706        13,071        11,712        -            11,712        7        11,705        11,705        -            11,705  

FTVRD2

      6,453        163,651        188,046        -            188,046        2        188,044        188,044        -            188,044  

FTVSI2

      42,076        443,128        435,903        -            435,903        -            435,903        435,903        -            435,903  

FTVUG2

      3,703        45,412        44,736        3        44,739        -            44,739        44,739        -            44,739  

GVMSA

      6,331        59,053        59,640        -            59,640        1        59,639        59,639        -            59,639  

GVFRB

      87,188        2,112,541        2,128,263        -            2,128,263        3        2,128,260        2,128,260        -            2,128,260  

GVTRBE

      114,044        1,896,840        2,064,197        -            2,064,197        5        2,064,192        2,064,192        -            2,064,192  

RBF

      672        68,171        71,845        -            71,845        20        71,825        71,825        -            71,825  

RBKF

      165        14,375        14,486        -            14,486        4        14,482        14,482        -            14,482  

RELF

      1,839        214,302        298,518        -            298,518        8        298,510        298,510        -            298,510  

RENF

      3        266        341        -            341        -            341        341        -            341  

RESF

      45        12,095        8,392        1        8,393        -            8,393        8,393        -            8,393  

RHCF

      866        70,155        74,837        10        74,847        -            74,847        74,847        -            74,847  

RHYS

      2,030        157,529        163,395        -            163,395        1        163,394        163,394        -            163,394  

RJNF

      125        8,355        8,378        1        8,379        -            8,379        8,379        -            8,379  

RLF

      137        13,554        16,816        -            16,816        5        16,811        16,811        -            16,811  

RNF

      1,369        184,669        198,146        14        198,160        -            198,160        198,160        -            198,160  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

 

Subaccount*,**    Shares      Cost      Investments, at
fair value		      Accounts
Receivable		      Total Assets      Accounts
Payable		      Contract
Owners’
Equity		      Accumulation
Units		      Contracts in
Payout		      Contract
Owners’
Equity		  

ROF

      9,568        553,155        600,869        16        600,885        -            600,885        600,885        -            600,885  

RPMF

      3,892        183,562        183,927        -            183,927        -            183,927        183,927        -            183,927  

RREF

      1,112        48,612        42,592        -            42,592        10        42,582        42,582        -            42,582  

RRF

      110        12,415        14,167        17        14,184        -            14,184        14,184        -            14,184  

RTEC

      3,381        469,683        622,074        14        622,088        -            622,088        622,088        -            622,088  

RTRF

      553        52,582        60,441        -            60,441        10        60,431        60,431        -            60,431  

RVARS

      2,399        58,352        61,445        -            61,445        2        61,443        61,443        -            61,443  

RVF

      9,563        1,161,548        1,353,195        -            1,353,195        23        1,353,172        1,353,172        -            1,353,172  

RVLCG

      1,343        68,327        74,115        16        74,131        -            74,131        74,131        -            74,131  

RVLCV

      2,739        117,685        128,052        -            128,052        11        128,041        128,041        -            128,041  

RVMCV

      13,027        503,969        563,152        -            563,152        14        563,138        563,138        -            563,138  

RVMFU

      4,943        80,782        80,619        4        80,623        -            80,623        80,623        -            80,623  

RVSCG

      4,038        204,062        245,478        11        245,489        -            245,489        245,489        -            245,489  

RVSCV

      4,285        228,256        255,850        -            255,850        3        255,847        255,847        -            255,847  

SBLQ

      536        22,604        20,006        7        20,013        -            20,013        20,013        -            20,013  

SBLY

      2,413        44,128        62,237        -            62,237        14        62,223        62,223        -            62,223  

ACC1

      19,980        254,931        322,272        -            322,272        7        322,265        322,265        -            322,265  

AVIE

      2,644        95,940        112,416        -            112,416        7        112,409        112,409        -            112,409  

IVBRA2

      36,542        382,391        376,018        -            376,018        7        376,011        376,011        -            376,011  

IVCPBI

      146,027        968,319        1,011,964        2        1,011,966        -            1,011,966        1,011,966        -            1,011,966  

IVDDI

      7,508        191,253        193,104        7        193,111        -            193,111        193,111        -            193,111  

IVGMMI

      4,585,263        4,585,258        4,585,263        -            4,585,263        1        4,585,262        4,585,262        -            4,585,262  

IVGS1

      324        3,774        3,903        -            3,903        5        3,898        3,898        -            3,898  

IVHS

      2,997        77,269        100,953        18        100,971        -            100,971        100,971        -            100,971  

IVKEI1

      44,616        785,797        799,962        -            799,962        2        799,960        799,960        -            799,960  

IVMCC2

      2,185        24,041        22,377        -            22,377        14        22,363        22,363        -            22,363  

IVRE

      18,064        302,692        265,366        7        265,373        -            265,373        265,373        -            265,373  

IVT

      12,092        369,875        441,977        27        442,004        -            442,004        442,004        -            442,004  

OVGSS

      4,134        144,899        212,311        -            212,311        9        212,302        212,302        -            212,302  

OVIGS

      42,662        104,263        129,691        -            129,691        11        129,680        129,680        -            129,680  

OVSBS

      26,893        134,052        134,465        3        134,468        -            134,468        134,468        -            134,468  

OVTRBS

      15,996        126,290        132,926        3        132,929        -            132,929        132,929        -            132,929  

WRBDP

      248,243        1,440,018        1,502,295        -            1,502,295        1        1,502,294        1,502,294        -            1,502,294  

WRBP

      13,326        107,601        116,065        -            116,065        2        116,063        116,063        -            116,063  

WRENG

      654        1,606        1,622        -            1,622        2        1,620        1,620        -            1,620  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

 

Subaccount*,**    Shares      Cost      Investments, at
fair value		      Accounts
Receivable		      Total Assets      Accounts
Payable		      Contract
Owners’
Equity		      Accumulation
Units		      Contracts in
Payout		      Contract
Owners’
Equity		  

WRGBP

      42,498        214,667        223,450        -            223,450        3        223,447        223,447        -            223,447  

WRGNR

      14,678        69,420        48,443        -            48,443        -            48,443        48,443        -            48,443  

WRHIP

      135,798        455,262        461,063        -            461,063        1        461,062        461,062        -            461,062  

WRLTBP

      6,663        32,642        33,378        5        33,383        -            33,383        33,383        -            33,383  

WRMCG

      5,144        79,134        89,938        -            89,938        3        89,935        89,935        -            89,935  

WRSTP

      10,239        303,157        367,309        -            367,309        22        367,287        367,287        -            367,287  

WRVP

      5,363        32,308        34,317        -            34,317        1        34,316        34,316        -            34,316  

JABIN

      60,546        2,375,878        2,638,608        -            2,638,608        12        2,638,596        2,638,596        -            2,638,596  

JAEI

      9,167        710,118        863,653        22        863,675        -            863,675        863,675        -            863,675  

JAFBS

      15,044        196,285        210,313        -            210,313        1        210,312        210,312        -            210,312  

JAFRIN

      25,014        1,043,060        1,425,789        -            1,425,789        10        1,425,779        1,425,779        -            1,425,779  

JAGRIN

      1,218        67,455        77,497        8        77,505        -            77,505        77,505        -            77,505  

JAIG

      2,143        75,088        81,901        6        81,907        -            81,907        81,907        -            81,907  

JARIN

      1,185        42,543        58,492        17        58,509        -            58,509        58,509        -            58,509  

JIULVV

      31,812        597,069        582,162        7        582,169        -            582,169        582,169        -            582,169  

JMCVIN

      18,281        279,615        293,235        -            293,235        7        293,228        293,228        -            293,228  

JHEVTN

      64,214        565,563        620,311        -            620,311        6        620,305        620,305        -            620,305  

JPIGA2

      28,128        476,505        554,967        -            554,967        4        554,963        554,963        -            554,963  

JPIIB2

      24,048        252,881        271,498        4        271,502        -            271,502        271,502        -            271,502  

LZREMS

      12,746        255,589        269,330        -            269,330        5        269,325        269,325        -            269,325  

LZRIES

      21,624        207,380        229,649        -            229,649        1        229,648        229,648        -            229,648  

LZRUSM

      11,266        172,670        183,297        15        183,312        -            183,312        183,312        -            183,312  

LPVCAI

      787        21,743        23,655        -            23,655        3        23,652        23,652        -            23,652  

LPVCII

      12,736        214,929        281,465        12        281,477        -            281,477        281,477        -            281,477  

LPVQD2

      1,246        16,236        15,301        -            15,301        1        15,300        15,300        -            15,300  

LVCLGI

      17,724        480,567        668,560        3        668,563        -            668,563        668,563        -            668,563  

SBVSG2

      39,489        1,125,229        1,360,783        -            1,360,783        14        1,360,769        1,360,769        -            1,360,769  

SBVHY

      10,269        74,502        76,302        -            76,302        4        76,298        76,298        -            76,298  

LOVBD

      223,807        2,792,766        2,795,344        -            2,795,344        5        2,795,339        2,795,339        -            2,795,339  

LOVCDG

      22,071        356,478        395,742        -            395,742        3        395,739        395,739        -            395,739  

MNCPS

      68,517        1,161,340        1,232,926        5        1,232,931        -            1,232,931        1,232,931        -            1,232,931  

MEGSS

      5,995        353,292        421,056        -            421,056        5        421,051        421,051        -            421,051  

MNDSC

      2,673        58,234        63,113        4        63,117        -            63,117        63,117        -            63,117  

MVFSC

      18,453        359,500        368,313        6        368,319        -            368,319        368,319        -            368,319  

DTRTFY

      153,765        1,557,609        1,566,865        -            1,566,865        -            1,566,865        1,566,865        -            1,566,865  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

 

Subaccount*,**    Shares      Cost      Investments, at
fair value		      Accounts
Receivable		      Total Assets      Accounts
Payable		     

Contract
Owners’

Equity

      Accumulation
Units		      Contracts in
Payout		      Contract
Owners’
Equity		  

GVEXD

      160,649        3,300,358        3,598,531        -            3,598,531        3        3,598,528        3,598,528        -            3,598,528  

GVIXY

      169,815        1,624,610        1,771,166        5        1,771,171        -            1,771,171        1,771,171        -            1,771,171  

MCIFD

      32,721        732,802        751,610        8        751,618        -            751,618        751,618        -            751,618  

NVBXD

      29,005        305,616        324,857        -            324,857        2        324,855        324,855        -            324,855  

NVMMV1

      28,024        281,354        216,624        1        216,625        -            216,625        216,625        -            216,625  

NVSIXD

      167,867        1,318,282        1,554,451        -            1,554,451        5        1,554,446        1,554,446        -            1,554,446  

SAMY

      7,853,013        7,853,012        7,853,013        -            7,853,013        6        7,853,007        7,853,007        -            7,853,007  

TRF

      174        4,058        4,089        -            4,089        7        4,082        4,082        -            4,082  

AMCG

      11,730        308,138        466,837        7        466,844        -            466,844        466,844        -            466,844  

AMRI

      3,789        62,152        58,343        -            58,343        2        58,341        58,341        -            58,341  

AMTB

      6,584        67,848        70,314        5        70,319        -            70,319        70,319        -            70,319  

NBARMS

      3,295        32,222        33,970        3        33,973        -            33,973        33,973        -            33,973  

NO7TB3

      20,550        240,342        256,670        4        256,674        -            256,674        256,674        -            256,674  

NOTB2

      17,890        204,709        211,102        -            211,102        6        211,096        211,096        -            211,096  

NOTBBA

      881        9,342        8,041        -            8,041        2        8,039        8,039        -            8,039  

NOVPDI

      519        8,930        6,756        5        6,761        -            6,761        6,761        -            6,761  

NOVPM

      240        6,727        6,087        11        6,098        -            6,098        6,098        -            6,098  

PMUBAM

      1,666        17,012        17,639        -            17,639        4        17,635        17,635        -            17,635  

PMVAAA

      3,785        36,414        41,905        -            41,905        -            41,905        41,905        -            41,905  

PMVEBA

      24,576        320,020        330,306        -            330,306        -            330,306        330,306        -            330,306  

PMVFHA

      49,178        544,280        552,764        -            552,764        10        552,754        552,754        -            552,754  

PMVGBA

      11,669        131,499        142,242        1        142,243        -            142,243        142,243        -            142,243  

PMVHYA

      50,871        400,071        407,480        4        407,484        -            407,484        407,484        -            407,484  

PMVID

      351,406        3,752,534        3,868,984        4        3,868,988        -            3,868,988        3,868,988        -            3,868,988  

PMVLDA

      140,247        1,431,310        1,455,767        -            1,455,767        -            1,455,767        1,455,767        -            1,455,767  

PMVLGA

      34,397        532,611        508,047        1        508,048        -            508,048        508,048        -            508,048  

PMVRRA

      98,200        1,337,646        1,366,949        -            1,366,949        -            1,366,949        1,366,949        -            1,366,949  

PMVRSA

      3,930        24,806        23,775        4        23,779        -            23,779        23,779        -            23,779  

PMVTRA

      399,363        4,515,923        4,628,615        -            4,628,615        1        4,628,614        4,628,614        -            4,628,614  

PVSTA

      97,393        1,005,772        1,014,830        -            1,014,830        6        1,014,824        1,014,824        -            1,014,824  

PROA30

      266        17,815        20,172        -            20,172        2        20,170        20,170        -            20,170  

PROBIO

      476        39,990        39,065        -            39,065        3        39,062        39,062        -            39,062  

PROCS

      1,328        100,546        101,152        -            101,152        9        101,143        101,143        -            101,143  

PROEM

      504        16,204        18,477        4        18,481        -            18,481        18,481        -            18,481  

PROGMM

      434        434        434        2        436        -            436        436        -            436  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

 

Subaccount*,**    Shares      Cost      Investments, at
fair value		      Accounts
Receivable		      Total Assets      Accounts
Payable		     

Contract
Owners’

Equity

      Accumulation
Units		      Contracts in
Payout		      Contract
Owners’
Equity		  

PROHC

      249        18,685        18,754        18        18,772        -            18,772        18,772        -            18,772  

PROIND

      275        20,084        24,967        -            24,967        13        24,954        24,954        -            24,954  

PROJP

      498        27,247        31,680        -            31,680        9        31,671        31,671        -            31,671  

PROLCG

      7,520        543,829        580,751        -            580,751        4        580,747        580,747        -            580,747  

PROMC

      3,599        65,219        65,319        5        65,324        -            65,324        65,324        -            65,324  

PROMCV

      2,676        108,229        105,325        -            105,325        9        105,316        105,316        -            105,316  

PRON

      2,525        158,559        178,615        -            178,615        21        178,594        178,594        -            178,594  

PRONET

      6,296        334,432        368,608        25        368,633        -            368,633        368,633        -            368,633  

PROPM

      1,155        40,693        35,676        3        35,679        -            35,679        35,679        -            35,679  

PROSC

      1,194        36,970        47,561        -            47,561        13        47,548        47,548        -            47,548  

PROSCG

      496        16,286        18,121        7        18,128        -            18,128        18,128        -            18,128  

PROSCN

      1,742        94,588        143,786        3        143,789        -            143,789        143,789        -            143,789  

PROSCV

      382        15,985        16,196        8        16,204        -            16,204        16,204        -            16,204  

PROUTL

      514        24,230        19,191        -            19,191        7        19,184        19,184        -            19,184  

PVDIB

      6,905        41,059        39,428        1        39,429        -            39,429        39,429        -            39,429  

PVEIB

      27,237        644,185        694,819        1        694,820        -            694,820        694,820        -            694,820  

PVHYB

      17,133        105,540        106,739        -            106,739        8        106,731        106,731        -            106,731  

PVIB

      50,304        574,005        576,488        5        576,493        -            576,493        576,493        -            576,493  

PVNOB

      75        3,079        3,323        5        3,328        -            3,328        3,328        -            3,328  

RWMVN

      875        8,983        8,946        5        8,951        -            8,951        8,951        -            8,951  

ROCMC

      12,642        130,395        150,565        -            150,565        11        150,554        150,554        -            150,554  

ROCSC

      13,422        109,042        99,460        5        99,465        -            99,465        99,465        -            99,465  

TRBCG2

      74,869        2,797,952        3,629,670        -            3,629,670        16        3,629,654        3,629,654        -            3,629,654  

TREI2

      3,598        89,823        93,916        10        93,926        -            93,926        93,926        -            93,926  

TRHS2

      16,116        772,905        934,105        37        934,142        -            934,142        934,142        -            934,142  

TRLT2

      72,410        350,817        360,604        7        360,611        -            360,611        360,611        -            360,611  

TPVSGP

      1,495        16,705        17,867        4        17,871        -            17,871        17,871        -            17,871  

VVGGS

      2,634        33,719        30,769        3        30,772        -            30,772        30,772        -            30,772  

VWBF

      867        7,420        7,654        4        7,658        -            7,658        7,658        -            7,658  

VWEM

      34,463        499,407        582,077        -            582,077        11        582,066        582,066        -            582,066  

VWHA

      3,450        67,692        77,558        4        77,562        -            77,562        77,562        -            77,562  

VVB

      174,917        4,021,998        4,491,862        4        4,491,866        -            4,491,866        4,491,866        -            4,491,866  

VVCA

      18,438        476,258        523,651        1        523,652        -            523,652        523,652        -            523,652  

VVCG

      36,506        1,262,295        1,650,455        -            1,650,455        9        1,650,446        1,650,446        -            1,650,446  

VVDV

      73,700        813,914        1,012,631        -            1,012,631        1        1,012,630        1,012,630        -            1,012,630  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2020

 

Subaccount*,**    Shares      Cost      Investments, at
fair value		      Accounts
Receivable		      Total Assets      Accounts
Payable		     

Contract
Owners’

Equity

      Accumulation
Units		      Contracts in
Payout		      Contract
Owners’
Equity		  

VVEI

      105,995        2,335,126        2,445,301        6        2,445,307        -            2,445,307        2,445,307        -            2,445,307  

VVEIX

      105,863        4,405,900        5,691,191        5        5,691,196        -            5,691,196        5,691,196        -            5,691,196  

VVG

      83,564        2,203,316        3,003,287        4        3,003,291        -            3,003,291        3,003,291        -            3,003,291  

VVGBI

      9,278        201,282        207,836        3        207,839        -            207,839        207,839        -            207,839  

VVHGB

      889,879        10,760,574        11,399,349        6        11,399,355        -            11,399,355        11,399,355        -            11,399,355  

VVHYB

      193,502        1,491,049        1,571,232        -            1,571,232        3        1,571,229        1,571,229        -            1,571,229  

VVI

      171,153        4,783,166        7,457,143        -            7,457,143        -            7,457,143        7,457,143        -            7,457,143  

VVMCI

      99,736        2,210,316        2,570,193        1        2,570,194        -            2,570,194        2,570,194        -            2,570,194  

VVREI

      105,336        1,294,941        1,309,331        -            1,309,331        3        1,309,328        1,309,328        -            1,309,328  

VVSCG

      27,463        594,582        672,569        -            672,569        6        672,563        672,563        -            672,563  

VVSTC

      726,060        7,807,065        8,073,786        -            8,073,786        4        8,073,782        8,073,782        -            8,073,782  

VVTISI

      51,685        1,014,671        1,187,713        -            1,187,713        5        1,187,708        1,187,708        -            1,187,708  

VVTSM

      193,402        7,565,841        9,391,592        8        9,391,600        -            9,391,600        9,391,600        -            9,391,600  

VRVDRA

      6,500        122,919        115,122        4        115,126        -            115,126        115,126        -            115,126  

VRVNMA

      52,477        488,570        502,202        5        502,207        -            502,207        502,207        -            502,207  

SVDF

      6,398        220,434        311,760        -            311,760        37        311,723        311,723        -            311,723  

MGRFV

      37,767        436,950        461,137        -            461,137        4        461,133        461,133        -            461,133  
        

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total (unaudited)

 

    $ 199,806,409      $ 7,163      $ 199,813,572      $ 827      $ 199,812,745      $ 199,812,745      $ -          $ 199,812,745  
        

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

*

Represents abbreviation of investment name. For full investment name and related abbreviation, see note 1(b).

**

For all subaccounts not included herein but listed as an investment option in note 1(b), Total Assets and Contract Owners’ Equity at the end of the period are $0. See note 1(b) for all investments available for which no contract owners were invested at December 31, 2020, if applicable.

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    Total (unaudited)     APTGBS     ALCAI2     ALCGI2     ALMGI2     ALVGIA     ALVIVB     ALVSVB  

Reinvested dividends

    $ 2,887,546       27,076       -           1,207       -           2,633       640       970  

Mortality and expense risk charges (note 2)

      (178,674 )      -           -           -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      2,708,872       27,076       -           1,207       -           2,633       640       970  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      1,293,693       49,957       15,045       350,618       39,139       (588 )      (107,453 )      (23,105 ) 

Change in unrealized gain (loss) on investments

      14,418,204       2,695       66,933       (47,331 )      52,164       (6,756 )      43,087       47,189  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      15,711,897       52,652       81,978       303,287       91,303       (7,344 )      (64,366 )      24,084  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      3,467,867       251       68,095       107,870       51,778       8,905       -           5,973  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 21,888,636       79,979       150,073       412,364       143,081       4,194       (63,726 )      31,027  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    AAEIP3     AAGEA2     ABEAA2     ACEAA2     AGEAA2     ARLPE3     AUGEA2     ACVB  

Reinvested dividends

    $ 4,338       362       10,038       5,938       5,626       -           3,323       9,561  

Mortality and expense risk charges (note 2)

      -           -           -           -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      4,338       362       10,038       5,938       5,626       -           3,323       9,561  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (81,797 )      (10 )      (4,659 )      3,789       (55 )      61       923       11,584  

Change in unrealized gain (loss) on investments

      2,926       1,244       43,309       (518 )      14,122       (113 )      8,646       58,306  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (78,871 )      1,234       38,650       3,271       14,067       (52 )      9,569       69,890  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           401       6,427       1,900       8,049       -           1,866       22,971  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ (74,533 )      1,997       55,115       11,109       27,742       (52 )      14,758       102,422  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    ACVI     ACVIG     ACVIP2      ACVU1      ACVV     AMVAA4      AMVBC4     AMVBD4  

Reinvested dividends

    $ 3,370       5,579       2,911        -            2       14,922        1,633       7,283  

Mortality and expense risk charges (note 2)

      -           -           -            -            -           -            -           -      
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Net investment income (loss)

      3,370       5,579       2,911        -            2       14,922        1,633       7,283  
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Realized gain (loss) on investments

      (12,275 )      (2,038 )      12,854        1,552        (251 )      1,691        (11,203 )      3,142  

Change in unrealized gain (loss) on investments

      120,175       33,021       3,260        11,372        (283 )      108,249        7,952       14,511  
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Net gain (loss) on investments

      107,900       30,983       16,114        12,924        (534 )      109,940        (3,251 )      17,653  
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Reinvested capital gains

      10,164       7,920       -            1,045        64       4,769        1,722       3,135  
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 121,434       44,482       19,025        13,969        (468 )      129,631        104       28,071  
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  
Investment Activity:    AMVCB4     AMVGB4     AMVGG4      AMVGI4      AMVGR4     AMVGS4      AMVGW4     AMVHI4  

Reinvested dividends

    $ 6,474       1,861       38        5,655        1,604       46        130       17,235  

Mortality and expense risk charges (note 2)

      -           -           -            -            -           -            -           -      
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Net investment income (loss)

      6,474       1,861       38        5,655        1,604       46        130       17,235  
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Realized gain (loss) on investments

      8       164       4,645        340        21,402       959        2       27,452  

Change in unrealized gain (loss) on investments

      3,838       11,339       1,172        39,824        297,338       6,870        3,678       2,084  
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Net gain (loss) on investments

      3,846       11,503       5,817        40,164        318,740       7,829        3,680       29,536  
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Reinvested capital gains

      -           3,013       688        13,080        18,668       2,229        301       -      
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 10,320       16,377       6,543        58,899        339,012       10,104        4,111       46,771  
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    AMVI4     AMVIG4     AMVM4     AMVNW4     AMVUA4     AVPAP2     AVRBP2     PIVB2  

Reinvested dividends

    $ 2,194       140       594       310       6,136       5,151       1,557       21,247  

Mortality and expense risk charges (note 2)

      -           -           -           -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      2,194       140       594       310       6,136       5,151       1,557       21,247  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (67,869 )      (357 )      3,730       (41,925 )      11,833       959       (4,042 )      28,790  

Change in unrealized gain (loss) on investments

      97,217       (825 )      1,291       170,488       (6,506 )      (1,389 )      (3,110 )      16,471  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      29,348       (1,182 )      5,021       128,563       5,327       (430 )      (7,152 )      45,261  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           -           184       8,681       5,709       13,414       2,856       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 31,542       (1,042 )      5,799       137,554       17,172       18,135       (2,739 )      66,508  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    PIVEI2     PIVMV2     PIVSI2     BRVED3     BRVHY3     BRVTR3     BRVUG3     BVLCC3  

Reinvested dividends

    $ 742       52       2,580       4,064       28,111       18,844       11,042       382  

Mortality and expense risk charges (note 2)

      -           -           -           -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      742       52       2,580       4,064       28,111       18,844       11,042       382  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (1,551 )      -           (3,186 )      (12,950 )      (1,010 )      17,597       17,364       -      

Change in unrealized gain (loss) on investments

      730       (113 )      5,230       5,336       15,333       (7,420 )      15,421       3,415  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (821 )      (113 )      2,044       (7,614 )      14,323       10,177       32,785       3,415  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      1,215       175       250       7,125       -           47,945       -           3,902  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 1,136       114       4,874       3,575       42,434       76,966       43,827       7,699  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    BVLFG3      MLVGA3     DSIF     DSRG     DVSCS     CVSBF     CLVGT2     CLVLV1  

Reinvested dividends

    $ -            9,673       3,180       318       13,020       1,031       -           -      

Mortality and expense risk charges (note 2)

      -            -           (559 )      -           -           -           -           -      
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      -            9,673       2,621       318       13,020       1,031       -           -      
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      97,716        138       (16,937 )      (499 )      (125,392 )      (40,818 )      39,075       -      

Change in unrealized gain (loss) on investments

      36,037        88,914       15,898       8,995       116,252       (4,820 )      97,860       18,549  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      133,753        89,052       (1,039 )      8,496       (9,140 )      (45,638 )      136,935       18,549  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      8,987        46,552       18,009       345       74,137       2,128       37,671       -      
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 142,740        145,277       19,591       9,159       78,017       (42,479 )      174,606       18,549  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    CLVSI2      CLVSV1     CSCRS     DWVSVS     DFVEA     DFVGB     DFVGMI     DFVIS  

Reinvested dividends

    $ 13,796        -           1,163       2,695       24,986       386       24,442       27,737  

Mortality and expense risk charges (note 2)

      -            -           -           -           (2,525 )      (3,394 )      (5,095 )      (2,948 ) 
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      13,796        -           1,163       2,695       22,461       (3,008 )      19,347       24,789  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      174        (15,723 )      (344 )      (3,736 )      8,976       (9,160 )      36,672       (105,258 ) 

Change in unrealized gain (loss) on investments

      13,095        75,951       (763 )      820       250,416       28,027       152,430       167,668  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      13,269        60,228       (1,107 )      (2,916 )      259,392       18,867       189,102       62,410  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -            -           -           15,368       3,789       -           26,435       24,431  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 27,065        60,228       56       15,147       285,642       15,859       234,884       111,630  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    DFVIV     DFVSTF     DFVULV     DFVUTV     ETVFR     FHIB      FVK2S      FVU2  

Reinvested dividends

    $ 75,220       14,458       70,486       29,259       25,314       24,593        -            6,457  

Mortality and expense risk charges (note 2)

      (6,678 )      (4,731 )      (7,331 )      (3,147 )      -           -            -            -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Net investment income (loss)

      68,542       9,727       63,155       26,112       25,314       24,593        -            6,457  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Realized gain (loss) on investments

      (120,730 )      3,679       (221,875 )      (94,435 )      (70,845 )      121        10,330        1,552  

Change in unrealized gain (loss) on investments

      101,887       (9,094 )      197,000       410,398       3,802       13,573        130,646        8,445  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Net gain (loss) on investments

      (18,843 )      (5,415 )      (24,875 )      315,963       (67,043 )      13,694        140,976        9,997  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Reinvested capital gains

      -           -           -           -           -           -            65,064        -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 49,699       4,312       38,280       342,075       (41,729 )      38,287        206,040        16,454  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  
Investment Activity:    FB2     FC2     FDSCS2     FEI2     FG2     FGI2      FGO2      FHI2  

Reinvested dividends

    $ 6,936       388       582       54       346       323        -            3,631  

Mortality and expense risk charges (note 2)

      -           -           -           -           -           -            -            -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Net investment income (loss)

      6,936       388       582       54       346       323        -            3,631  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Realized gain (loss) on investments

      97,547       22,011       (35,029 )      (3,532 )      232,509       3,419        288,704        (21,148 ) 

Change in unrealized gain (loss) on investments

      12,502       141,672       13,798       (2,443 )      183,343       3,544        295,340        (343 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Net gain (loss) on investments

      110,049       163,683       (21,231 )      (5,975 )      415,852       6,963        584,044        (21,491 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Reinvested capital gains

      7,647       2,649       -           821       84,593       174        57,715        -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 124,632       166,720       (20,649 )      (5,100 )      500,791       7,460        641,759        (17,860 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    FIGBP2     FMC2     FO2     FRESS2     FV2     FVFI2     FVICA2     FVSIS2  

Reinvested dividends

    $ 39,136       543       467       642       2,507       1,462       509       9,834  

Mortality and expense risk charges (note 2)

      -           -           -           -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      39,136       543       467       642       2,507       1,462       509       9,834  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      53,741       (318 )      424       (1,887 )      (52 )      7,274       325       (14,558 ) 

Change in unrealized gain (loss) on investments

      79,462       25,474       30,263       (2,312 )      106,066       1,007       40,371       19,160  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      133,203       25,156       30,687       (4,199 )      106,014       8,281       40,696       4,602  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      709       -           871       1,396       158       2,614       14,494       3,207  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 173,048       25,699       32,025       (2,161 )      108,679       12,357       55,699       17,643  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    FEOVF     FTVGI2     FTVGR2     FTVIS2     FTVMS2     FTVRD2     FTVSI2     FTVUG2  

Reinvested dividends

    $ 3,417       51,369       343       7,023       299       1,854       15,235       1,320  

Mortality and expense risk charges (note 2)

      -           -           -           -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      3,417       51,369       343       7,023       299       1,854       15,235       1,320  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (4,155 )      (11,351 )      (1,192 )      (11,516 )      (6,124 )      (10,121 )      (10,645 )      42  

Change in unrealized gain (loss) on investments

      672       (73,520 )      (1,202 )      (7,043 )      232       17,459       7,925       135  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (3,483 )      (84,871 )      (2,394 )      (18,559 )      (5,892 )      7,338       (2,720 )      177  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      6,042       -           1,102       99       415       7,864       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 5,976       (33,502 )      (949 )      (11,437 )      (5,178 )      17,056       12,515       1,497  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    GVMSA     GVFRB     GVR2XS      GVTRBE     RAF     RBF     RBKF     RBMF  

Reinvested dividends

    $ 1,004       75,896       -            30,062       -           -           -           -      

Mortality and expense risk charges (note 2)

      -           -           -            -           -           -           -           -      
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      1,004       75,896       -            30,062       -           -           -           -      
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (1 )      (34,497 )      4,888        27,012       (99,629 )      (2,815 )      4,749       8,716  

Change in unrealized gain (loss) on investments

      2,678       20,309       -            164,647       -           (4,772 )      (5,325 )      -      
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      2,677       (14,188 )      4,888        191,659       (99,629 )      (7,587 )      (576 )      8,716  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           -           -            -           -           4,769       -           -      
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 3,681       61,708       4,888        221,721       (99,629 )      (2,818 )      (576 )      8,716  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    RCPF     RELF     RENF      RESF     RHCF     RHYS     RINF     RJNF  

Reinvested dividends

    $ -           -           4        92       -           -           -           52  

Mortality and expense risk charges (note 2)

      -           -           -            -           -           -           -           -      
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      -           -           4        92       -           -           -           52  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (12,934 )      28,486       224        (4,621 )      1,718       (12,451 )      18,230       (397 ) 

Change in unrealized gain (loss) on investments

      (29,588 )      48,304       18        (4,841 )      2,789       5,866       -           (13 ) 
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (42,522 )      76,790       242        (9,462 )      4,507       (6,585 )      18,230       (410 ) 
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           2,214       -            -           917       -           951       -      
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ (42,522 )      79,004       246        (9,370 )      5,424       (6,585 )      19,181       (358 ) 
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    RLF     RNF     ROF      RPMF     RREF     RRF     RSRF     RTEC  

Reinvested dividends

    $ -           1,332       2,720        19,283       1,213       -           -           -      

Mortality and expense risk charges (note 2)

      -           -           -            -           -           -           -           -      
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      -           1,332       2,720        19,283       1,213       -           -           -      
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      11,293       547       30,053        36,512       (1,272 )      (665 )      (7,949 )      110,416  

Change in unrealized gain (loss) on investments

      3,262       14,201       15,656        365       (7,881 )      1,752       3,867       87,988  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      14,555       14,748       45,709        36,877       (9,153 )      1,087       (4,082 )      198,404  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      2,252       15,625       108,529        -           1,124       -           -           8,608  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 16,807       31,705       156,958        56,160       (6,816 )      1,087       (4,082 )      207,012  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    RTF     RTRF     RUF      RUGB     RUTL     RVARS     RVF     RVISC  

Reinvested dividends

    $ -           -           -            219       -           782       2,382       -      

Mortality and expense risk charges (note 2)

      -           -           -            -           -           -           -           -      
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      -           -           -            219       -           782       2,382       -      
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (55,110 )      (6,867 )      232        (8,875 )      (16,274 )      2       277,305       (4,321 ) 

Change in unrealized gain (loss) on investments

      (33,413 )      6,788       -            256       (430 )      3,446       40,739       -      
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (88,523 )      (79 )      232        (8,619 )      (16,704 )      3,448       318,044       (4,321 ) 
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           -           -            -           -           -           171,586       -      
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ (88,523 )      (79 )      232        (8,400 )      (16,704 )      4,230       492,012       (4,321 ) 
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    RVLCG      RVLCV     RVLDD      RVMCV     RVMFU     RVSCG      RVSCV     SBLJ  

Reinvested dividends

    $ -            414       -            -           3,079       -            -           -      

Mortality and expense risk charges (note 2)

      -            -           -            -           -           -            -           -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net investment income (loss)

      -            414       -            -           3,079       -            -           -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Realized gain (loss) on investments

      11,006        (9,290 )      12,443        (65,177 )      289       3,691        (39,819 )      (1,075 ) 

Change in unrealized gain (loss) on investments

      5,169        (595 )      -            59,183       (1,861 )      41,417        27,595       (1,822 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net gain (loss) on investments

      16,175        (9,885 )      12,443        (5,994 )      (1,572 )      45,108        (12,224 )      (2,897 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Reinvested capital gains

      12,618        1,593       -            -           451       -            -           -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 28,793        (7,878 )      12,443        (5,994 )      1,958       45,108        (12,224 )      (2,897 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  
Investment Activity:    SBLP      SBLQ     SBLY      ACC1     AVHY1     AVIE      IVBRA2     IVCPBI  

Reinvested dividends

    $ -            181       649        5,947       -           2,081        24,012       17,387  

Mortality and expense risk charges (note 2)

      -            -           -            -           -           -            -           -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net investment income (loss)

      -            181       649        5,947       -           2,081        24,012       17,387  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Realized gain (loss) on investments

      5,140        (6 )      3        16,665       24,706       60        (4,090 )      2,786  

Change in unrealized gain (loss) on investments

      4,496        (1,682 )      14,222        67,341       -           12,837        (7,633 )      36,818  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net gain (loss) on investments

      9,636        (1,688 )      14,225        84,006       24,706       12,897        (11,723 )      39,604  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Reinvested capital gains

      -            1,307       2,224        6,524       -           2,005        16,041       4,956  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 9,636        (200 )      17,098        96,477       24,706       16,983        28,330       61,947  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    IVDDI     IVGMMI     IVGS1     IVHS     IVKEI1     IVMCC2     IVRE     IVT  

Reinvested dividends

    $ 6,808       22,064       94       283       17,406       95       12,313       -      

Mortality and expense risk charges (note 2)

      -           -           -           -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      6,808       22,064       94       283       17,406       95       12,313       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (51,364 )      -           4       7       (302 )      (19 )      (6,864 )      443  

Change in unrealized gain (loss) on investments

      (9,248 )      -           137       10,306       43,659       (2,364 )      (47,152 )      54,920  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (60,612 )      -           141       10,313       43,357       (2,383 )      (54,016 )      55,363  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      5,662       -           -           2,154       32,064       4,113       6,878       31,622  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ (48,142 )      22,064       235       12,750       92,827       1,825       (34,825 )      86,985  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    OVGIS     OVGSS     OVIGS     OVSBS     OVTRBS     WRBDP     WRBP     WRENG  

Reinvested dividends

    $ 468       779       721       1,126       2,210       21,702       -           25  

Mortality and expense risk charges (note 2)

      -           -           -           -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      468       779       721       1,126       2,210       21,702       -           25  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (13,834 )      (22,201 )      (185 )      (15 )      6,796       54,836       (4,145 )      (4,411 ) 

Change in unrealized gain (loss) on investments

      -           64,988       25,375       688       (786 )      50,403       8,071       16  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (13,834 )      42,787       25,190       673       6,010       105,239       3,926       (4,395 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      3,959       6,461       1,514       -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ (9,407 )      50,027       27,425       1,799       8,220       126,941       3,926       (4,370 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    WRGBP      WRGNR     WRHIP     WRLTBP      WRMCG      WRSTP      WRVP     JABIN  

Reinvested dividends

    $ 7,807        1,017       46,864       776        -            -            602       49,440  

Mortality and expense risk charges (note 2)

      -            -           -           -            -            -            -           -      
  

 

 

     

 

 

    

 

 

    

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Net investment income (loss)

      7,807        1,017       46,864       776        -            -            602       49,440  
  

 

 

     

 

 

    

 

 

    

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Realized gain (loss) on investments

      2,702        (12 )      (24,066 )      17        59        4,647        24       (26,029 ) 

Change in unrealized gain (loss) on investments

      5,433        (7,610 )      5,127       380        10,803        49,519        (1,209 )      120,083  
  

 

 

     

 

 

    

 

 

    

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Net gain (loss) on investments

      8,135        (7,622 )      (18,939 )      397        10,862        54,166        (1,185 )      94,054  
  

 

 

     

 

 

    

 

 

    

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Reinvested capital gains

      -            -           -           -            246        37,419        1,258       21,342  
  

 

 

     

 

 

    

 

 

    

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 15,942        (6,605 )      27,925       1,173        11,108        91,585        675       164,836  
  

 

 

     

 

 

    

 

 

    

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  
Investment Activity:    JAEI      JAFBS     JAFRIN     JAGRIN      JAIG      JARIN      JIULVV     JMCVIN  

Reinvested dividends

    $ 806        4,446       8,472       519        379        263        10,502       3,058  

Mortality and expense risk charges (note 2)

      -            -           -           -            -            -            -           -      
  

 

 

     

 

 

    

 

 

    

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Net investment income (loss)

      806        4,446       8,472       519        379        263        10,502       3,058  
  

 

 

     

 

 

    

 

 

    

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Realized gain (loss) on investments

      29,318        23       9,806       294        1,246        47        (703 )      (5,819 ) 

Change in unrealized gain (loss) on investments

      26,462        12,259       297,890       8,720        4,453        10,386        (22,737 )      6,124  
  

 

 

     

 

 

    

 

 

    

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Net gain (loss) on investments

      55,780        12,282       307,696       9,014        5,699        10,433        (23,440 )      305  
  

 

 

     

 

 

    

 

 

    

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Reinvested capital gains

      50,343        -           79,779       3,259        -            3,833        34,762       4,810  
  

 

 

     

 

 

    

 

 

    

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 106,929        16,728       395,947       12,792        6,078        14,529        21,824       8,173  
  

 

 

     

 

 

    

 

 

    

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    JHEVTN     JPIGA2     JPIIB2     LZREMS     LZRGDM     LZRIES     LZRUSM     LPVCAI  

Reinvested dividends

    $ 12,768       7,948       8,267       5,815       -           3,412       293       166  

Mortality and expense risk charges (note 2)

      (510 )      -           -           -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      12,258       7,948       8,267       5,815       -           3,412       293       166  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (38,151 )      (4,967 )      22,077       (42,707 )      (2,525 )      (20,246 )      (1,363 )      (36 ) 

Change in unrealized gain (loss) on investments

      39,106       54,466       (17,597 )      12,005       (7,048 )      19,972       6,923       1,464  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      955       49,499       4,480       (30,702 )      (9,573 )      (274 )      5,560       1,428  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           4,260       -           -           -           5,000       11,204       1,955  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 13,213       61,707       12,747       (24,887 )      (9,573 )      8,138       17,057       3,549  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    LPVCII     LPVQD2     LVCLGI     SBVSG2     SBVHY     LOVBD     LOVCDG     MNCPS  

Reinvested dividends

    $ 3,633       254       97       -           2,979       101,486       3,489       3,706  

Mortality and expense risk charges (note 2)

      -           -           -           -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      3,633       254       97       -           2,979       101,486       3,489       3,706  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      131       (12 )      688       (35,093 )      36,152       38,739       -           227,416  

Change in unrealized gain (loss) on investments

      66,535       (1,647 )      161,126       252,428       2,041       16,485       41,239       89,580  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      66,666       (1,659 )      161,814       217,335       38,193       55,224       41,239       316,996  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      2,248       -           23,977       89,492       -           -           6,507       8,751  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 72,547       (1,405 )      185,888       306,827       41,172       156,710       51,235       329,453  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    MEGSS     MNDSC     MVFSC     DTRTFY     GVEXD     GVIXY     MCIFD     NVBXD  

Reinvested dividends

    $ -           -           1,442       39,791       42,667       44,104       8,256       7,282  

Mortality and expense risk charges (note 2)

      -           -           -           (3,613 )      (4,698 )      (4,510 )      (1,487 )      (824 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      -           -           1,442       36,178       37,969       39,594       6,769       6,458  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      21,336       6       8,572       7,140       98,136       (70,242 )      (57,358 )      7,967  

Change in unrealized gain (loss) on investments

      36,057       4,878       (2,961 )      9,885       195,956       68,425       90,714       8,319  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      57,393       4,884       5,611       17,025       294,092       (1,817 )      33,356       16,286  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      13,573       523       4,847       -           43,102       56,503       30,654       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 70,966       5,407       11,900       53,203       375,163       94,280       70,779       22,744  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    NVDCAP     NVFIY     NVMMV1     NVSIXD     SAMY     TRF     AMCG     AMRI  

Reinvested dividends

    $ -           -           4,155       14,924       4,961       -           -           591  

Mortality and expense risk charges (note 2)

      -           (26 )      -           (2,442 )      -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      -           (26 )      4,155       12,482       4,961       -           -           591  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (6,966 )      410       (51 )      (92,740 )      -           -           1,506       (38,482 ) 

Change in unrealized gain (loss) on investments

      -           -           (6,436 )      361,983       -           31       146,641       12,451  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (6,966 )      410       (6,487 )      269,243       -           31       148,147       (26,031 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           -           -           54,109       -           -           18,933       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ (6,966 )      384       (2,332 )      335,834       4,961       31       167,080       (25,440 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    AMTB     NBARMS      NO7TB3     NOTB2     NOTBBA      NOVPDI     NOVPM     PMUBAM  

Reinvested dividends

    $ 1,620       261        4,653       5,311       180        353       10       1,407  

Mortality and expense risk charges (note 2)

      -           -            -           -           -            -           -           -      
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      1,620       261        4,653       5,311       180        353       10       1,407  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (8,443 )      -            (2,327 )      943       -            (23,326 )      -           (188 ) 

Change in unrealized gain (loss) on investments

      1,622       179        1,185       6,393       5        10,507       (559 )      666  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (6,821 )      179        (1,142 )      7,336       5        (12,819 )      (559 )      478  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           2,151        6,137       3,261       -            -           475       -      
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ (5,201 )      2,591        9,648       15,908       185        (12,466 )      (74 )      1,885  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  
Investment Activity:    PMVAAA     PMVEBA      PMVFHA     PMVGBA     PMVHYA      PMVID     PMVLDA     PMVLGA  

Reinvested dividends

    $ 1,907       17,635        32,988       2,866       16,654        174,771       16,300       7,770  

Mortality and expense risk charges (note 2)

      -           -            -           -           -            -           -           -      
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      1,907       17,635        32,988       2,866       16,654        174,771       16,300       7,770  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (891 )      1,524        494       (1,452 )      9,208        (10,080 )      1,525       26,305  

Change in unrealized gain (loss) on investments

      5,474       45        (5,003 )      10,528       1,713        48,486       25,168       (23,208 ) 
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      4,583       1,569        (4,509 )      9,076       10,921        38,406       26,693       3,097  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           -            -           -           -            11,514       -           5,088  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 6,490       19,204        28,479       11,942       27,575        224,691       42,993       15,955  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    PMVRRA      PMVRSA     PMVTRA      PVSTA     PROA30     PROBIO     PROBL     PROCS  

Reinvested dividends

    $ 8,920        1,725       50,470        12,170       99       8       -           -      

Mortality and expense risk charges (note 2)

      -            -           -            -           -           -           -           -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      8,920        1,725       50,470        12,170       99       8       -           -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      29,101        (4,394 )      13,438        (3,225 )      24,084       60       926       -      

Change in unrealized gain (loss) on investments

      23,375        2,312       92,309        10,113       (3,723 )      (924 )      -           (4,609 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      52,476        (2,082 )      105,747        6,888       20,361       (864 )      926       (4,609 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -            -           27,144        -           906       3,155       -           27,651  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 61,396        (357 )      183,361        19,058       21,366       2,299       926       23,042  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    PROEM      PROFIN     PROGMM      PROGVP     PROHC     PROIND     PROJP     PROLCG  

Reinvested dividends

    $ 46        -           38        -           -           50       46       -      

Mortality and expense risk charges (note 2)

      -            -           -            -           -           -           -           -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      46        -           38        -           -           50       46       -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      52        (13,810 )      -            (2,968 )      -           625       (3,000 )      81,132  

Change in unrealized gain (loss) on investments

      2,054        (10,866 )      -            -           69       2,420       (1,414 )      (24,803 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      2,106        (24,676 )      -            (2,968 )      69       3,045       (4,414 )      56,329  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -            -           -            -           1,139       549       -           12,894  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 2,152        (24,676 )      38        (2,968 )      1,208       3,644       (4,368 )      69,223  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    PROMC     PROMCV     PRON     PRONET     PROOG     PROPM     PRORE     PROSC  

Reinvested dividends

    $ 552       364       -           -           -           67       60       28  

Mortality and expense risk charges (note 2)

      -           -           -           -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      552       364       -           -           -           67       60       28  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (1,644 )      (3,635 )      8,521       42,533       1,903       158,186       (801 )      1,304  

Change in unrealized gain (loss) on investments

      (4,929 )      (3,646 )      14,947       40,807       -           (91,240 )      (352 )      7,813  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (6,573 )      (7,281 )      23,468       83,340       1,903       66,946       (1,153 )      9,117  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      17,057       7,285       3,824       85,029       -           -           211       1,772  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 11,036       368       27,292       168,369       1,903       67,013       (882 )      10,917  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    PROSCG     PROSCN     PROSCV     PROTEC     PROTEL     PROUN     PROUSC     PROUTL  

Reinvested dividends

    $ -           377       4       -           -           -           -           293  

Mortality and expense risk charges (note 2)

      -           -           -           -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      -           377       4       -           -           -           -           293  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (420 )      -           (549 )      2,618       (2,119 )      3,053       1,175       522  

Change in unrealized gain (loss) on investments

      470       37,374       (3,415 )      (1,085 )      1,815       -           -           (5,192 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      50       37,374       (3,964 )      1,533       (304 )      3,053       1,175       (4,670 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      1,975       7,330       1,815       1,048       -           -           -           4,091  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 2,025       45,081       (2,145 )      2,581       (304 )      3,053       1,175       (286 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    PVAGIB     PVDIB     PVEIB     PVHYB     PVIB     PVNOB     RWMVN     ROCMC  

Reinvested dividends

    $ 8,661       3,408       11,187       -           22,347       -           330       -      

Mortality and expense risk charges (note 2)

      -           -           -           -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      8,661       3,408       11,187       -           22,347       -           330       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (2,692 )      (893 )      (37,668 )      11,852       1,136       6       -           38  

Change in unrealized gain (loss) on investments

      (10,343 )      (3,381 )      (12,072 )      (350 )      (333 )      245       546       27,305  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (13,035 )      (4,274 )      (49,740 )      11,502       803       251       546       27,343  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      -           -           45,044       -           4,147       -           -           1,936  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ (4,374 )      (866 )      6,491       11,502       27,297       251       876       29,279  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    ROCSC     TRBCG2     TREI2     TRHS2     TRLT2     TPVSGP     VVGGS     VWBF  

Reinvested dividends

    $ 916       -           1,471       -           6,893       85       2,364       498  

Mortality and expense risk charges (note 2)

      -           -           -           -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      916       -           1,471       -           6,893       85       2,364       498  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (32,378 )      111,619       (2,207 )      97,808       12,071       (4 )      13,570       (885 ) 

Change in unrealized gain (loss) on investments

      (7,588 )      703,696       2,503       122,824       (1,314 )      630       (2,950 )      212  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      (39,966 )      815,315       296       220,632       10,757       626       10,620       (673 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      1,668       117,572       1,999       53,326       -           784       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ (37,382 )      932,887       3,766       273,958       17,650       1,495       12,984       (175 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    VWEM     VWHA     VVB     VVCA     VVCG     VVDV     VVEI     VVEIX  

Reinvested dividends

    $ 9,534       67       107,697       2,696       16,912       8,681       58,652       72,104  

Mortality and expense risk charges (note 2)

      -           -           (10,760 )      (789 )      (3,258 )      (1,648 )      (5,525 )      (11,732 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      9,534       67       96,937       1,907       13,654       7,033       53,127       60,372  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      (4,344 )      (6 )      2,980       281       21,224       (41,648 )      (70,886 )      268,986  

Change in unrealized gain (loss) on investments

      72,469       11,943       149,700       45,624       194,065       182,704       (16,858 )      575,939  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      68,125       11,937       152,680       45,905       215,289       141,056       (87,744 )      844,925  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      14,319       -           131,340       1,656       36,007       56,158       73,203       84,587  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 91,978       12,004       380,957       49,468       264,950       204,247       38,586       989,884  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
Investment Activity:    VVG     VVGBI     VVHGB     VVHYB     VVI     VVMCI     VVREI     VVSCG  

Reinvested dividends

    $ 5,883       2,053       232,428       76,049       57,901       28,069       31,352       3,441  

Mortality and expense risk charges (note 2)

      (5,321 )      (350 )      (25,736 )      (3,371 )      (12,778 )      (4,756 )      (3,173 )      (1,383 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income (loss)

      562       1,703       206,692       72,678       45,123       23,313       28,179       2,058  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Realized gain (loss) on investments

      16,690       328       90,473       (23,118 )      51,119       (30,995 )      (24,298 )      (55,651 ) 

Change in unrealized gain (loss) on investments

      702,806       6,109       357,698       7,036       2,336,009       255,074       (94,579 )      89,802  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net gain (loss) on investments

      719,496       6,437       448,171       (16,082 )      2,387,128       224,079       (118,877 )      34,151  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Reinvested capital gains

      83,579       499       -           -           105,825       105,097       19,716       49,730  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 803,637       8,639       654,863       56,596       2,538,076       352,489       (70,982 )      85,939  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2020

 

Investment Activity:    VVSTC     VVTISI     VVTSM     VRVDIA     VRVDRA     VRVNMA     SVDF      MGRFV  

Reinvested dividends

    $ 132,043       7,366       97,452       -           1,246       16,166       -            -      

Mortality and expense risk charges (note 2)

      (14,330 )      (1,445 )      (17,801 )      -           -           -           -            -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Net investment income (loss)

      117,713       5,921       79,651       -           1,246       16,166       -            -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Realized gain (loss) on investments

      15,217       4,883       216,069       4,212       (1,058 )      (20,828 )      3,234        (172 ) 

Change in unrealized gain (loss) on investments

      157,345       158,349       1,033,506       -           (2,695 )      16,957       104,943        29,984  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Net gain (loss) on investments

      172,562       163,232       1,249,575       4,212       (3,753 )      (3,871 )      108,177        29,812  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Reinvested capital gains

      -           2,081       188,005       -           1,962       -           20,210        1,180  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

    $ 290,275       171,234       1,517,231       4,212       (545 )      12,295       128,387        30,992  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  
Investment Activity:    DVIV     CLVQF2     NVLCAP     PVAAAD                           

Reinvested dividends

    $ 1,900       4,370       872       2,092           

Mortality and expense risk charges (note 2)

      -           -           -           -               
  

 

 

    

 

 

    

 

 

    

 

 

           

Net investment income (loss)

      1,900       4,370       872       2,092           
  

 

 

    

 

 

    

 

 

    

 

 

           

Realized gain (loss) on investments

      (23,398 )      (11,168 )      (5,304 )      (41,461 )          

Change in unrealized gain (loss) on investments

      (5,620 )      11,277       (5,926 )      6,342           
  

 

 

    

 

 

    

 

 

    

 

 

           

Net gain (loss) on investments

      (29,018 )      109       (11,230 )      (35,119 )          
  

 

 

    

 

 

    

 

 

    

 

 

           

Reinvested capital gains

      -           -           3,100       -               
  

 

 

    

 

 

    

 

 

    

 

 

           

Net increase (decrease) in contract owners’ equity resulting from operations

    $ (27,118 )      4,479       (7,258 )      (33,027 )          
  

 

 

    

 

 

    

 

 

    

 

 

           

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     Total
(unaudited)		     APTGBS     ALCAI2     ALCGI2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 2,708,872       2,323,348       27,076       365       -           -           1,207       -      

Realized gain (loss) on investments

      1,293,693       320,679       49,957       (92 )      15,045       (4,639 )      350,618       25,643  

Change in unrealized gain (loss) on investments

      14,418,204       12,739,832       2,695       15,209       66,933       37,523       (47,331 )      1,214  

Reinvested capital gains

      3,467,867       3,288,258       251       -           68,095       40,194       107,870       231  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      21,888,636       18,672,117       79,979       15,482       150,073       73,078       412,364       27,088  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      47,737,707       36,323,505       9       56,038       -           41,030       89,817       16,465  

Transfers between funds

      -           -           300,408       32,478       16,635       128,770       472,363       (42,442 ) 

Redemptions (notes 2, 3, and 4)

      (12,893,511 )      (8,373,789 )      (5,534 )      (3,077 )      (3,438 )      (1,613 )      (90,892 )      (1,430 ) 

Adjustments to maintain reserves

      1,545       (195 )      5       (8 )      13       -           8       1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      34,845,741       27,949,521       294,888       85,431       13,210       168,187       471,296       (27,406 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      56,734,377       46,621,638       374,867       100,913       163,283       241,265       883,660       (318 ) 

Contract owners’ equity at beginning of period

      143,078,368       96,456,730       178,811       77,898       370,210       128,945       12,552       12,870  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 199,812,745       143,078,368       553,678       178,811       533,493       370,210       896,212       12,552  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      8,959,961       7,275,011       16,920       8,694       6,024       2,803       338       441  

Units purchased

      16,591,248       9,372,834       51,698       8,780       3,772       10,364       77,945       19,833  

Units redeemed

      (14,367,552 )      (7,687,884 )      (24,844 )      (554 )      (3,672 )      (7,143 )      (63,853 )      (19,936 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      11,183,657       8,959,961       43,774       16,920       6,124       6,024       14,430       338  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     ALMGI2     ALVGIA     ALVIVB     ALVSVB  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ -           -           2,633       2,220       640       1,927       970       530  

Realized gain (loss) on investments

      39,139       9       (588 )      228       (107,453 )      (6,856 )      (23,105 )      (4,259 ) 

Change in unrealized gain (loss) on investments

      52,164       -           (6,756 )      16,261       43,087       41,751       47,189       19,220  

Reinvested capital gains

      51,778       -           8,905       18,851       -           -           5,973       18,304  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      143,081       9       4,194       37,560       (63,726 )      36,822       31,027       33,795  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      4,841       -           -           -           3,834       -           4       8,136  

Transfers between funds

      345,264       (9 )      2       -           (139,227 )      (9,689 )      26,737       (34,047 ) 

Redemptions (notes 2, 3, and 4)

      (3,176 )      -           (5,874 )      (6,175 )      (1,317 )      (2,845 )      (5,757 )      (3,707 ) 

Adjustments to maintain reserves

      (9 )      -           1       -           3       (1 )      10       (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      346,920       (9 )      (5,871 )      (6,175 )      (136,707 )      (12,535 )      20,994       (29,619 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      490,001       -           (1,677 )      31,385       (200,433 )      24,287       52,021       4,176  

Contract owners’ equity at beginning of period

      -           -           191,185       159,800       248,397       224,110       172,568       168,392  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 490,001       -           189,508       191,185       47,964       248,397       224,589       172,568  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      -           -           6,907       7,154       30,305       31,932       6,362       7,443  

Units purchased

      15,504       104       38       40       720       2,606       7,643       2,640  

Units redeemed

      (6,088 )      (104 )      (280 )      (287 )      (25,300 )      (4,233 )      (5,971 )      (3,721 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      9,416       -           6,665       6,907       5,725       30,305       8,034       6,362  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     AAEIP3     AAGEA2     ABEAA2     ACEAA2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 4,338       5,966       362       299       10,038       7,286       5,938       558  

Realized gain (loss) on investments

      (81,797 )      (81 )      (10 )      4       (4,659 )      (168 )      3,789       (178 ) 

Change in unrealized gain (loss) on investments

      2,926       29,732       1,244       794       43,309       37,334       (518 )      1,727  

Reinvested capital gains

      -           -           401       686       6,427       7,286       1,900       218  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (74,533 )      35,617       1,997       1,783       55,115       51,738       11,109       2,325  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      1,926       10,080       -           18,861       -           4,251       -           9,984  

Transfers between funds

      (145,725 )      205,900       -           -           (14,498 )      5,831       (6,052 )      (12,732 ) 

Redemptions (notes 2, 3, and 4)

      (8,192 )      (834 )      (256 )      (109 )      (1,031 )      (2,616 )      (3,350 )      (197 ) 

Adjustments to maintain reserves

      2       1       6       (1 )      8       1       (3 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (151,989 )      215,147       (250 )      18,751       (15,521 )      7,467       (9,405 )      (2,945 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (226,522 )      250,764       1,747       20,534       39,594       59,205       1,704       (620 ) 

Contract owners’ equity at beginning of period

      379,649       128,885       20,534       -           375,201       315,996       28,372       28,992  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 153,127       379,649       22,281       20,534       414,795       375,201       30,076       28,372  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      37,417       15,295       1,103       -           21,681       21,229       1,966       2,201  

Units purchased

      10,232       22,209       -           1,109       6,844       611       43,713       712  

Units redeemed

      (27,493 )      (87 )      (15 )      (6 )      (6,559 )      (159 )      (43,722 )      (947 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      20,156       37,417       1,088       1,103       21,966       21,681       1,957       1,966  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     AGEAA2     ARLPE3     AUGEA2     ACVB  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 5,626       4,075       -           -           3,323       5,943       9,561       9,057  

Realized gain (loss) on investments

      (55 )      (3 )      61       -           923       (530 )      11,584       1,164  

Change in unrealized gain (loss) on investments

      14,122       25,162       (113 )      113       8,646       1,173       58,306       77,505  

Reinvested capital gains

      8,049       10,477       -           24       1,866       6,620       22,971       11,146  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      27,742       39,711       (52 )      137       14,758       13,206       102,422       98,872  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      15,823       23,389       -           -           -           126,220       -           114,099  

Transfers between funds

      -           1,071       (2,226 )      2,146       (138,658 )      151,104       86,604       (4,616 ) 

Redemptions (notes 2, 3, and 4)

      (919 )      (442 )      (2 )      (3 )      (3,003 )      (13,784 )      (3,444 )      (4,117 ) 

Adjustments to maintain reserves

      (1 )      (1 )      -           -           2       (1 )      (9 )      2  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      14,903       24,017       (2,228 )      2,143       (141,659 )      263,539       83,151       105,368  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      42,645       63,728       (2,280 )      2,280       (126,901 )      276,745       185,573       204,240  

Contract owners’ equity at beginning of period

      264,392       200,664       2,280       -           295,189       18,444       661,695       457,455  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 307,037       264,392       -           2,280       168,288       295,189       847,268       661,695  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      14,477       13,159       149       -           18,660       1,316       25,287       20,952  

Units purchased

      859       1,344       -           150       1,384       18,253       6,795       4,686  

Units redeemed

      (53 )      (26 )      (149 )      (1 )      (10,233 )      (909 )      (3,308 )      (351 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      15,283       14,477       -           149       9,811       18,660       28,774       25,287  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     ACVI     ACVIG     ACVIP2     ACVU1  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 3,370       5,431       5,579       2,930       2,911       3,881       -           -      

Realized gain (loss) on investments

      (12,275 )      (4,662 )      (2,038 )      (356 )      12,854       2       1,552       (5,265 ) 

Change in unrealized gain (loss) on investments

      120,175       120,317       33,021       16,914       3,260       9,750       11,372       12,752  

Reinvested capital gains

      10,164       32,621       7,920       8,600       -           -           1,045       9,664  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      121,434       153,707       44,482       28,088       19,025       13,633       13,969       17,151  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           35       14,267       26,047       -           9,173       -           -      

Transfers between funds

      (268,324 )      13,313       517,252       59,762       (1,589 )      9,446       204,459       1,082  

Redemptions (notes 2, 3, and 4)

      (254 )      (193 )      (1,500 )      (385 )      (405 )      (106 )      (11,291 )      (86,558 ) 

Adjustments to maintain reserves

      12       1       (17 )      -           (6 )      (2 )      (22 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (268,566 )      13,156       530,002       85,424       (2,000 )      18,511       193,146       (85,476 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (147,132 )      166,863       574,484       113,512       17,025       32,144       207,115       (68,325 ) 

Contract owners’ equity at beginning of period

      705,878       539,015       204,424       90,912       177,450       145,306       10,138       78,463  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 558,746       705,878       778,908       204,424       194,475       177,450       217,253       10,138  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      29,261       28,694       6,828       3,764       10,959       9,773       276       2,875  

Units purchased

      987       1,769       18,980       3,570       8,901       1,194       4,106       35  

Units redeemed

      (11,848 )      (1,202 )      (2,540 )      (506 )      (8,897 )      (8 )      (435 )      (2,634 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      18,400       29,261       23,268       6,828       10,963       10,959       3,947       276  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     ACVV     AMVAA4     AMVBC4     AMVBD4  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 2       226       14,922       14,657       1,633       3,068       7,283       7,186  

Realized gain (loss) on investments

      (251 )      336       1,691       1,015       (11,203 )      (6,290 )      3,142       537  

Change in unrealized gain (loss) on investments

      (283 )      1,851       108,249       84,390       7,952       15,065       14,511       13,648  

Reinvested capital gains

      64       1,565       4,769       39,458       1,722       12,937       3,135       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (468 )      3,978       129,631       139,520       104       24,780       28,071       21,371  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           204,048       -           11,848       93,100       14,012  

Transfers between funds

      (2,367 )      (25,298 )      69,097       (2,346 )      (65,228 )      25,822       (11,353 )      184,057  

Redemptions (notes 2, 3, and 4)

      (9 )      (28 )      (6,822 )      (14,899 )      (3,134 )      (2,402 )      (3,407 )      (22,351 ) 

Adjustments to maintain reserves

      (1 )      1       5       1       4       -           2       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (2,377 )      (25,325 )      62,280       186,804       (68,358 )      35,268       78,342       175,718  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (2,845 )      (21,347 )      191,911       326,324       (68,254 )      60,048       106,413       197,089  

Contract owners’ equity at beginning of period

      2,845       24,192       924,907       598,583       171,162       111,114       295,132       98,043  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ -           2,845       1,116,818       924,907       102,908       171,162       401,545       295,132  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      94       1,015       58,336       45,654       9,699       7,621       24,657       8,935  

Units purchased

      -           1       6,878       13,826       -           6,434       9,875       17,630  

Units redeemed

      (94 )      (922 )      (2,410 )      (1,144 )      (4,323 )      (4,356 )      (3,862 )      (1,908 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           94       62,804       58,336       5,376       9,699       30,670       24,657  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     AMVCB4     AMVGB4     AMVGG4     AMVGI4  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 6,474       3,880       1,861       2,674       38       196       5,655       7,042  

Realized gain (loss) on investments

      8       37       164       39       4,645       3       340       3,058  

Change in unrealized gain (loss) on investments

      3,838       14,645       11,339       10,427       1,172       3,077       39,824       43,708  

Reinvested capital gains

      -           -           3,013       -           688       1,127       13,080       54,926  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      10,320       18,562       16,377       13,140       6,543       4,403       58,899       108,734  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           232,451       3,343       13,957       -           -           24,312       62,806  

Transfers between funds

      -           -           (31,787 )      32,502       (3,324 )      9,144       (56,946 )      (10,677 ) 

Redemptions (notes 2, 3, and 4)

      (1,987 )      (877 )      (2,897 )      (3,562 )      (32 )      (32 )      (7,931 )      (34,219 ) 

Adjustments to maintain reserves

      (2 )      -           6       (1 )      4       1       7       (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (1,989 )      231,574       (31,335 )      42,896       (3,352 )      9,113       (40,558 )      17,909  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      8,331       250,136       (14,958 )      56,036       3,191       13,516       18,341       126,643  

Contract owners’ equity at beginning of period

      255,646       5,510       203,095       147,059       23,003       9,487       521,595       394,952  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 263,977       255,646       188,137       203,095       26,194       23,003       539,936       521,595  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      22,726       576       18,165       14,145       1,928       1,073       26,740       25,482  

Units purchased

      -           22,231       697       4,531       1,121       859       2,038       40,453  

Units redeemed

      (187 )      (81 )      (3,511 )      (511 )      (1,362 )      (4 )      (4,336 )      (39,195 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      22,539       22,726       15,351       18,165       1,687       1,928       24,442       26,740  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     AMVGR4     AMVGS4     AMVGW4      AMVHI4  
     2020     2019     2020     2019     2020     2019      2020     2019  

Investment activity:

                  

Net investment income (loss)

    $ 1,604       4,006       46       3       130       -            17,235       9,177  

Realized gain (loss) on investments

      21,402       (1,154 )      959       62       2       -            27,452       32,012  

Change in unrealized gain (loss) on investments

      297,338       97,865       6,870       2,065       3,678       -            2,084       3,685  

Reinvested capital gains

      18,668       82,845       2,229       1,896       301       -            -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      339,012       183,562       10,104       4,026       4,111       -            46,771       44,874  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Equity transactions:

                  

Purchase payments received from contract owners (note 4)

      38,934       11,848       1,917       15,575       -           -            3,582       23,696  

Transfers between funds

      (91,062 )      (42,726 )      (7,198 )      17,174       9,422       -            (37,620 )      42,688  

Redemptions (notes 2, 3, and 4)

      (15,443 )      (48,148 )      (1,837 )      (2,517 )      (14 )      -            (2,161 )      (2,201 ) 

Adjustments to maintain reserves

      15       (2 )      (5 )      -           3       -            (6 )      1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net equity transactions

      (67,556 )      (79,028 )      (7,123 )      30,232       9,411       -            (36,205 )      64,184  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net change in contract owners’ equity

      271,456       104,534       2,981       34,258       13,522       -            10,566       109,058  

Contract owners’ equity at beginning of period

      738,154       633,620       34,258       -           -           -            170,896       61,838  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 1,009,610       738,154       37,239       34,258       13,522       -            181,462       170,896  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

CHANGE IN UNITS:

                  

Beginning units

      33,897       37,953       2,980       -           -           -            13,310       5,407  

Units purchased

      4,479       6,085       234       3,212       1,072       -            190,907       119,480  

Units redeemed

      (7,817 )      (10,141 )      (710 )      (232 )      (1 )      -            (191,099 )      (111,577 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Ending units

      30,559       33,897       2,504       2,980       1,071       -            13,118       13,310  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     AMVI4     AMVIG4     AMVM4     AMVNW4  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 2,194       7,653       140       631       594       2,102       310       7,916  

Realized gain (loss) on investments

      (67,869 )      (17,680 )      (357 )      2       3,730       -           (41,925 )      (24,919 ) 

Change in unrealized gain (loss) on investments

      97,217       118,300       (825 )      2,378       1,291       1,744       170,488       205,557  

Reinvested capital gains

      -           16,150       -           187       184       -           8,681       32,974  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      31,542       124,423       (1,042 )      3,198       5,799       3,846       137,554       221,528  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      2,139       35,469       2,162       27,612       -           2,340       97,193       203,832  

Transfers between funds

      (88,887 )      (27,999 )      (19,747 )      -           (63,944 )      10,642       44,629       51,552  

Redemptions (notes 2, 3, and 4)

      (9,546 )      (65,591 )      (602 )      (62 )      (1,119 )      (673 )      (59,481 )      (25,097 ) 

Adjustments to maintain reserves

      34       (1 )      5       -           2       -           (194 )      (2 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (96,260 )      (58,122 )      (18,182 )      27,550       (65,061 )      12,309       82,147       230,285  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (64,718 )      66,301       (19,224 )      30,748       (59,262 )      16,155       219,701       451,813  

Contract owners’ equity at beginning of period

      652,368       586,067       30,748       -           95,360       79,205       1,187,186       735,373  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 587,650       652,368       11,524       30,748       36,098       95,360       1,406,887       1,187,186  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      46,304       51,028       2,866       -           8,361       7,278       83,333       66,492  

Units purchased

      6,325       6,736       230       2,872       28       1,142       38,095       33,380  

Units redeemed

      (15,931 )      (11,460 )      (2,080 )      (6 )      (5,414 )      (59 )      (41,331 )      (16,539 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      36,698       46,304       1,016       2,866       2,975       8,361       80,097       83,333  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     AMVUA4     AVPAP2     AVRBP2     PIVB2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 6,136       2,145       5,151       7,668       1,557       1,493       21,247       23,812  

Realized gain (loss) on investments

      11,833       21       959       392       (4,042 )      (154 )      28,790       (473 ) 

Change in unrealized gain (loss) on investments

      (6,506 )      2,106       (1,389 )      32,065       (3,110 )      6,121       16,471       34,664  

Reinvested capital gains

      5,709       -           13,414       14,072       2,856       4,773       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      17,172       4,272       18,135       54,197       (2,739 )      12,233       66,508       58,003  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      21,494       23,696       -           -           -           -           4,992       11,700  

Transfers between funds

      312,416       82,269       (35,252 )      -           (31,834 )      -           (498,336 )      549,900  

Redemptions (notes 2, 3, and 4)

      (12,033 )      (424 )      (7,067 )      (8,199 )      (231 )      (2,102 )      (19,421 )      (54,822 ) 

Adjustments to maintain reserves

      (5 )      -           (3 )      -           (1 )      1       (43 )      42  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      321,872       105,541       (42,322 )      (8,199 )      (32,066 )      (2,101 )      (512,808 )      506,820  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      339,044       109,813       (24,187 )      45,998       (34,805 )      10,132       (446,300 )      564,823  

Contract owners’ equity at beginning of period

      121,090       11,277       349,110       303,112       99,271       89,139       1,137,009       572,186  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 460,134       121,090       324,923       349,110       64,466       99,271       690,709       1,137,009  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      11,201       1,097       24,269       24,861       6,956       7,113       62,434       34,211  

Units purchased

      66,738       10,178       -           -           -           -           5,104       31,319  

Units redeemed

      (39,063 )      (74 )      (2,936 )      (592 )      (2,382 )      (157 )      (32,557 )      (3,096 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      38,876       11,201       21,333       24,269       4,574       6,956       34,981       62,434  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     PIVEI2     PIVMV2     PIVSI2     BRVED3  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 742       1,634       52       572       2,580       2,920       4,064       1,576  

Realized gain (loss) on investments

      (1,551 )      (28,032 )      -           (3,962 )      (3,186 )      (151 )      (12,950 )      140  

Change in unrealized gain (loss) on investments

      730       38,991       (113 )      10,211       5,230       5,901       5,336       5,195  

Reinvested capital gains

      1,215       11,823       175       3,411       250       -           7,125       8,952  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      1,136       24,416       114       10,232       4,874       8,670       3,575       15,863  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           -           28,631       -           -           7,790  

Transfers between funds

      3,847       (141,687 )      -           -           (31,225 )      (15,970 )      80,305       124,072  

Redemptions (notes 2, 3, and 4)

      (1,641 )      (1,339 )      (2 )      (49,942 )      (367 )      (427 )      (15,694 )      (1,497 ) 

Adjustments to maintain reserves

      -           1       (4 )      -           (5 )      (5 )      (9 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      2,206       (143,025 )      (6 )      (49,942 )      (2,966 )      (16,402 )      64,602       130,365  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      3,342       (118,609 )      108       (39,710 )      1,908       (7,732 )      68,177       146,228  

Contract owners’ equity at beginning of period

      30,238       148,847       6,071       45,781       85,671       93,403       146,228       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 33,580       30,238       6,179       6,071       87,579       85,671       214,405       146,228  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      925       5,703       237       2,291       4,465       5,331       5,835       -      

Units purchased

      164       1,413       -           -           2,028       699       6,384       5,896  

Units redeemed

      (59 )      (6,191 )      -           (2,054 )      (2,242 )      (1,565 )      (3,959 )      (61 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      1,030       925       237       237       4,251       4,465       8,260       5,835  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     BRVHY3     BRVTR3     BRVUG3     BVLCC3  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 28,111       27,057       18,844       8,256       11,042       6,942       382       343  

Realized gain (loss) on investments

      (1,010 )      17,547       17,597       (109 )      17,364       (9,623 )      -           (13,478 ) 

Change in unrealized gain (loss) on investments

      15,333       20,571       (7,420 )      16,928       15,421       23,007       3,415       6,503  

Reinvested capital gains

      -           -           47,945       1,278       -           -           3,902       1,422  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      42,434       65,175       76,966       26,353       43,827       20,326       7,699       (5,210 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      9,609       (1 )      44,510       23,289       -           212,789       -           -      

Transfers between funds

      155,187       546,932       533,800       83,064       212,982       (207,732 )      15,552       11,344  

Redemptions (notes 2, 3, and 4)

      (11,180 )      (53,393 )      (45,061 )      (20,488 )      (6,262 )      (42,889 )      (6 )      (40 ) 

Adjustments to maintain reserves

      1,323       (2 )      714       (1 )      44       1       (2 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      154,939       493,536       533,963       85,864       206,764       (37,831 )      15,544       11,304  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      197,373       558,711       610,929       112,217       250,591       (17,505 )      23,243       6,094  

Contract owners’ equity at beginning of period

      889,504       330,793       372,751       260,534       335,617       353,122       27,433       21,339  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 1,086,877       889,504       983,680       372,751       586,208       335,617       50,676       27,433  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      55,262       23,605       29,541       22,536       29,920       33,414       966       966  

Units purchased

      179,659       101,664       67,555       9,877       40,987       29,630       527       31,385  

Units redeemed

      (171,836 )      (70,007 )      (25,280 )      (2,872 )      (21,621 )      (33,124 )      -           (31,385 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      63,085       55,262       71,816       29,541       49,286       29,920       1,493       966  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     BVLFG3     MLVGA3     DSIF     DSRG  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ -           -           9,673       7,338       2,621       5,351       318       779  

Realized gain (loss) on investments

      97,716       (29,950 )      138       109       (16,937 )      54,169       (499 )      27  

Change in unrealized gain (loss) on investments

      36,037       (3,297 )      88,914       54,685       15,898       24,928       8,995       11,545  

Reinvested capital gains

      8,987       54,962       46,552       22,694       18,009       21,942       345       1,725  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      142,740       21,715       145,277       84,826       19,591       106,390       9,159       14,076  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           14,316       27,641       -           -           -           -      

Transfers between funds

      (535,207 )      426,326       89,329       70,478       10,992       40,132       22,427       (1,639 ) 

Redemptions (notes 2, 3, and 4)

      (13,113 )      (53,081 )      (4,073 )      (42,210 )      (122,804 )      (4,185 )      (60 )      (31,506 ) 

Adjustments to maintain reserves

      22       1       (2 )      -           4       (1 )      (15 )      1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (548,298 )      373,246       99,570       55,909       (111,808 )      35,946       22,352       (33,144 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (405,558 )      394,961       244,847       140,735       (92,217 )      142,336       31,511       (19,068 ) 

Contract owners’ equity at beginning of period

      531,677       136,716       600,907       460,172       298,807       156,471       28,444       47,512  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 126,119       531,677       845,754       600,907       206,590       298,807       59,955       28,444  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      15,261       5,193       36,866       33,244       15,539       10,648       805       1,807  

Units purchased

      23,564       45,808       9,808       8,357       7,729       79,345       672       -      

Units redeemed

      (36,301 )      (35,740 )      (3,688 )      (4,735 )      (14,141 )      (74,454 )      (110 )      (1,002 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      2,524       15,261       42,986       36,866       9,127       15,539       1,367       805  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     DVSCS     CVSBF     CLVGT2     CLVLV1  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 13,020       6,428       1,031       1,062       -           -           -           -      

Realized gain (loss) on investments

      (125,392 )      (21,294 )      (40,818 )      5,728       39,075       9,597       -           23,262  

Change in unrealized gain (loss) on investments

      116,252       137,120       (4,820 )      17,105       97,860       129,361       18,549       65,241  

Reinvested capital gains

      74,137       61,340       2,128       2,444       37,671       66,520       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      78,017       183,594       (42,479 )      26,339       174,606       205,478       18,549       88,503  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      8,891       131,509       42,947       -           -           -           -           -      

Transfers between funds

      (175,707 )      423,618       (251,384 )      304,839       (362,400 )      304,570       -           (167,944 ) 

Redemptions (notes 2, 3, and 4)

      (95,038 )      (9,345 )      (9,561 )      (55,068 )      (11,567 )      (7,746 )      (55 )      (79 ) 

Adjustments to maintain reserves

      (15 )      1       (1 )      (1 )      (6 )      (1 )      (2 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (261,869 )      545,783       (217,999 )      249,770       (373,973 )      296,823       (57 )      (168,023 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (183,852 )      729,377       (260,478 )      276,109       (199,367 )      502,301       18,492       (79,520 ) 

Contract owners’ equity at beginning of period

      1,396,072       666,695       335,528       59,419       786,709       284,408       262,017       341,537  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 1,212,220       1,396,072       75,050       335,528       587,342       786,709       280,509       262,017  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      37,235       21,731       22,184       4,883       10,962       6,141       10,198       16,850  

Units purchased

      6,104       19,973       27,358       28,109       1,011       7,544       -           138  

Units redeemed

      (14,116 )      (4,469 )      (45,218 )      (10,808 )      (6,360 )      (2,723 )      (2 )      (6,790 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      29,223       37,235       4,324       22,184       5,613       10,962       10,196       10,198  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     CLVSI2     CLVSV1     CSCRS     DWVSVS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 13,796       9,757       -           -           1,163       179       2,695       1,740  

Realized gain (loss) on investments

      174       3,542       (15,723 )      32       (344 )      (35 )      (3,736 )      (5,726 ) 

Change in unrealized gain (loss) on investments

      13,095       19,439       75,951       10,573       (763 )      1,098       820       42,555  

Reinvested capital gains

      -           -           -           -           -           -           15,368       17,938  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      27,065       32,738       60,228       10,605       56       1,242       15,147       56,507  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           3,573       -           -           -           1,943       4,550  

Transfers between funds

      68,654       (16,970 )      45,674       -           2,579       1,448       28,449       13,870  

Redemptions (notes 2, 3, and 4)

      (4,409 )      (15,385 )      (1,055 )      (1,133 )      (260 )      (180 )      (2,951 )      (3,515 ) 

Adjustments to maintain reserves

      (2 )      1       (5 )      (1 )      3       (1 )      (5 )      (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      64,243       (32,354 )      48,187       (1,134 )      2,322       1,267       27,436       14,904  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      91,308       384       108,415       9,471       2,378       2,509       42,583       71,411  

Contract owners’ equity at beginning of period

      341,028       340,644       69,359       59,888       20,866       18,357       269,055       197,644  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 432,336       341,028       177,774       69,359       23,244       20,866       311,638       269,055  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      28,252       31,103       3,318       3,374       3,876       3,638       18,458       17,318  

Units purchased

      5,820       5,271       8,136       -           708       273       3,984       9,608  

Units redeemed

      (481 )      (8,122 )      (3,665 )      (56 )      (201 )      (35 )      (587 )      (8,468 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      33,591       28,252       7,789       3,318       4,383       3,876       21,855       18,458  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     DFVEA     DFVGB     DFVGMI     DFVIS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 22,461       10,262       (3,008 )      29,994       19,347       41,085       24,789       29,690  

Realized gain (loss) on investments

      8,976       584       (9,160 )      (4,948 )      36,672       11,790       (105,258 )      (3,342 ) 

Change in unrealized gain (loss) on investments

      250,416       81,578       28,027       19,447       152,430       251,997       167,668       187,017  

Reinvested capital gains

      3,789       4,480       -           -           26,435       15,132       24,431       14,353  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      285,642       96,904       15,859       44,493       234,884       320,004       111,630       227,718  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      578,925       132,818       36,466       88,694       181,471       24,097       117,502       169,610  

Transfers between funds

      99,007       290,550       75,669       147,418       (5,014 )      662       33,328       45,359  

Redemptions (notes 2, 3, and 4)

      (48,298 )      (1,853 )      (14,833 )      (24,772 )      (166,434 )      (18,024 )      (45,254 )      (62,571 ) 

Adjustments to maintain reserves

      (1 )      (1 )      4       -           16       -           59       (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      629,633       421,514       97,306       211,340       10,039       6,735       105,635       152,397  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      915,275       518,418       113,165       255,833       244,923       326,739       217,265       380,115  

Contract owners’ equity at beginning of period

      643,429       125,011       1,310,351       1,054,518       2,113,395       1,786,656       1,313,473       933,358  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 1,558,704       643,429       1,423,516       1,310,351       2,358,318       2,113,395       1,530,738       1,313,473  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      55,746       13,603       115,700       96,766       157,417       156,808       96,743       84,963  

Units purchased

      71,803       43,872       26,330       28,939       23,861       6,161       34,541       34,049  

Units redeemed

      (6,842 )      (1,729 )      (17,835 )      (10,005 )      (23,042 )      (5,552 )      (27,981 )      (22,269 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      120,707       55,746       124,195       115,700       158,236       157,417       103,303       96,743  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     DFVIV     DFVSTF     DFVULV     DFVUTV  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 68,542       87,524       9,727       24,519       63,155       58,665       26,112       12,072  

Realized gain (loss) on investments

      (120,730 )      23,547       3,679       1,918       (221,875 )      64,004       (94,435 )      10,503  

Change in unrealized gain (loss) on investments

      101,887       223,150       (9,094 )      (2,463 )      197,000       499,343       410,398       133,682  

Reinvested capital gains

      -           -           -           -           -           33,600       -           25,380  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      49,699       334,221       4,312       23,974       38,280       655,612       342,075       181,637  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      154,655       301,147       382,492       44,661       41,076       126,447       9,538       106,604  

Transfers between funds

      502,021       213,388       855,002       321,654       142,629       44,972       626,739       (47,557 ) 

Redemptions (notes 2, 3, and 4)

      (43,261 )      (54,997 )      (66,482 )      (85,346 )      (31,692 )      (47,236 )      (24,744 )      (27,340 ) 

Adjustments to maintain reserves

      35       (2 )      (10 )      -           8       (3 )      14       1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      613,450       459,536       1,171,002       280,969       152,021       124,180       611,547       31,708  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      663,149       793,757       1,175,314       304,943       190,301       779,792       953,622       213,345  

Contract owners’ equity at beginning of period

      2,829,155       2,035,398       1,259,220       954,277       3,327,620       2,547,828       1,044,112       830,767  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 3,492,304       2,829,155       2,434,534       1,259,220       3,517,921       3,327,620       1,997,734       1,044,112  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      251,014       208,706       120,203       93,152       204,544       196,501       74,659       72,622  

Units purchased

      131,497       69,882       163,825       47,861       95,927       39,951       83,436       22,783  

Units redeemed

      (66,303 )      (27,574 )      (52,436 )      (20,810 )      (80,666 )      (31,908 )      (20,377 )      (20,746 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      316,208       251,014       231,592       120,203       219,805       204,544       137,718       74,659  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     ETVFR     FHIB     FVK2S     FVU2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 25,314       92,156       24,593       12,555       -           -           6,457       5,001  

Realized gain (loss) on investments

      (70,845 )      (11,023 )      121       (2,710 )      10,330       (1,054 )      1,552       270  

Change in unrealized gain (loss) on investments

      3,802       42,265       13,573       16,412       130,646       39,466       8,445       40,479  

Reinvested capital gains

      -           -           -           -           65,064       2,147       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (41,729 )      123,398       38,287       26,257       206,040       40,559       16,454       45,750  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           62,905       12,569       10,786       1,681       16,954       -           4,251  

Transfers between funds

      (1,512,108 )      728,739       231,823       32,397       50,832       458,079       101,997       9,253  

Redemptions (notes 2, 3, and 4)

      (13,420 )      (27,624 )      (60,282 )      (260 )      (745 )      (57 )      (129 )      (1,662 ) 

Adjustments to maintain reserves

      25       (2 )      5       -           2       1       (1 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (1,525,503 )      764,018       184,115       42,923       51,770       474,977       101,867       11,842  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (1,567,232 )      887,416       222,402       69,180       257,810       515,536       118,321       57,592  

Contract owners’ equity at beginning of period

      2,054,723       1,167,307       202,109       132,929       627,581       112,045       279,270       221,678  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 487,491       2,054,723       424,511       202,109       885,391       627,581       397,591       279,270  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      143,944       87,557       7,317       5,513       18,590       4,432       9,681       9,240  

Units purchased

      8,011       96,842       42,289       24,982       3,786       17,834       4,263       505  

Units redeemed

      (118,473 )      (40,455 )      (35,050 )      (23,178 )      (1,963 )      (3,676 )      (288 )      (64 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      33,482       143,944       14,556       7,317       20,413       18,590       13,656       9,681  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     FB2     FC2     FDSCS2     FEI2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 6,936       7,625       388       778       582       1,029       54       291  

Realized gain (loss) on investments

      97,547       (8,334 )      22,011       (1,202 )      (35,029 )      (312 )      (3,532 )      20  

Change in unrealized gain (loss) on investments

      12,502       85,519       141,672       50,718       13,798       10,829       (2,443 )      2,443  

Reinvested capital gains

      7,647       21,828       2,649       26,881       -           2,688       821       38  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      124,632       106,638       166,720       77,175       (20,649 )      14,234       (5,100 )      2,792  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           150,048       2,472,197       148,643       -           105,675       -           -      

Transfers between funds

      554,300       (137,364 )      11,897       17,831       (43,229 )      16,010       (14,002 )      18,745  

Redemptions (notes 2, 3, and 4)

      (11,601 )      (8,513 )      (42,937 )      (13,062 )      (1,382 )      (1,390 )      (2,143 )      (292 ) 

Adjustments to maintain reserves

      (7 )      -           1       (1 )      14       1       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      542,692       4,171       2,441,158       153,411       (44,597 )      120,296       (16,145 )      18,453  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      667,324       110,809       2,607,878       230,586       (65,246 )      134,530       (21,245 )      21,245  

Contract owners’ equity at beginning of period

      527,817       417,008       436,771       206,185       163,708       29,178       21,245       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 1,195,141       527,817       3,044,649       436,771       98,462       163,708       -           21,245  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      23,395       22,941       15,421       9,557       6,528       1,436       827       -      

Units purchased

      45,589       9,850       76,936       6,372       340       5,158       -           839  

Units redeemed

      (25,608 )      (9,396 )      (9,813 )      (508 )      (3,544 )      (66 )      (827 )      (12 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      43,376       23,395       82,544       15,421       3,324       6,528       -           827  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     FG2     FGI2     FGO2     FHI2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 346       761       323       831       -           -           3,631       9,904  

Realized gain (loss) on investments

      232,509       (19,136 )      3,419       (6,336 )      288,704       10,734       (21,148 )      18,590  

Change in unrealized gain (loss) on investments

      183,343       172,583       3,544       293       295,340       52,763       (343 )      442  

Reinvested capital gains

      84,593       86,546       174       3,426       57,715       10,732       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      500,791       240,754       7,460       (1,786 )      641,759       74,229       (17,860 )      28,936  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      82,277       62,700       15,847       3,277       276,669       98,015       39,204       148,643  

Transfers between funds

      408,064       (1,121,236 )      42,298       2,379       1,270,095       426,798       (414,173 )      132,970  

Redemptions (notes 2, 3, and 4)

      (78,233 )      (18,002 )      (264 )      (218 )      (42,587 )      (61,131 )      (1,024 )      (514 ) 

Adjustments to maintain reserves

      21       (1 )      (13 )      (1 )      13       -           1       (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      412,129       (1,076,539 )      57,868       5,437       1,504,190       463,682       (375,992 )      281,098  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      912,920       (835,785 )      65,328       3,651       2,145,949       537,911       (393,852 )      310,034  

Contract owners’ equity at beginning of period

      350,356       1,186,141       3,651       -           557,120       19,209       784,743       474,709  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 1,263,276       350,356       68,979       3,651       2,703,069       557,120       390,891       784,743  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      9,856       44,706       126       -           12,467       604       47,649       33,081  

Units purchased

      55,640       33,974       3,693       36,910       58,854       23,132       83,082       86,195  

Units redeemed

      (40,739 )      (68,824 )      (1,601 )      (36,784 )      (35,364 )      (11,269 )      (107,558 )      (71,627 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      24,757       9,856       2,218       126       35,957       12,467       23,173       47,649  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     FIGBP2     FMC2     FO2     FRESS2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 39,136       22,021       543       921       467       2,996       642       534  

Realized gain (loss) on investments

      53,741       (536 )      (318 )      (118 )      424       137       (1,887 )      (50 ) 

Change in unrealized gain (loss) on investments

      79,462       44,137       25,474       11,801       30,263       34,766       (2,312 )      3,650  

Reinvested capital gains

      709       -           -           14,347       871       6,304       1,396       510  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      173,048       65,622       25,699       26,951       32,025       44,203       (2,161 )      4,644  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      240,239       255,507       -           3,277       -           -           25,483       -      

Transfers between funds

      567,227       260,533       4,137       (2,478 )      110       11,817       (19,347 )      11,327  

Redemptions (notes 2, 3, and 4)

      (34,151 )      (14,296 )      (3,012 )      (3,510 )      (2,318 )      (1,887 )      (5,324 )      (687 ) 

Adjustments to maintain reserves

      2       -           5       -           (5 )      -           (6 )      (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      773,317       501,744       1,130       (2,711 )      (2,213 )      9,930       806       10,639  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      946,365       567,366       26,829       24,240       29,812       54,133       (1,355 )      15,283  

Contract owners’ equity at beginning of period

      1,170,713       603,347       140,805       116,565       211,016       156,883       35,762       20,479  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 2,117,078       1,170,713       167,634       140,805       240,828       211,016       34,407       35,762  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      86,062       48,525       6,645       6,776       12,625       11,968       1,537       1,082  

Units purchased

      104,064       39,365       352       197       25       793       1,236       486  

Units redeemed

      (47,558 )      (1,828 )      (285 )      (328 )      (157 )      (136 )      (1,187 )      (31 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      142,568       86,062       6,712       6,645       12,493       12,625       1,586       1,537  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     FV2     FVFI2     FVICA2     FVSIS2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 2,507       54       1,462       2,598       509       918       9,834       14,286  

Realized gain (loss) on investments

      (52 )      -           7,274       (48 )      325       (3,088 )      (14,558 )      (261 ) 

Change in unrealized gain (loss) on investments

      106,066       226       1,007       5,656       40,371       46,292       19,160       14,438  

Reinvested capital gains

      158       38       2,614       1,364       14,494       2,566       3,207       3,382  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      108,679       318       12,357       9,570       55,699       46,688       17,643       31,845  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           4,077       -           58,486       129,309       214,072       -           154,467  

Transfers between funds

      193,593       -           (11,597 )      22,758       (180,945 )      36,064       (141,256 )      15,782  

Redemptions (notes 2, 3, and 4)

      (572 )      (11 )      (4,727 )      (2,873 )      (5,704 )      (2,584 )      (10,730 )      (10,358 ) 

Adjustments to maintain reserves

      7       -           -           1       (6 )      2       5       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      193,028       4,066       (16,324 )      78,372       (57,346 )      247,554       (151,981 )      159,891  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      301,707       4,384       (3,967 )      87,942       (1,647 )      294,242       (134,338 )      191,736  

Contract owners’ equity at beginning of period

      4,384       -           145,844       57,902       429,698       135,456       468,794       277,058  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 306,091       4,384       141,877       145,844       428,051       429,698       334,456       468,794  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      165       -           12,111       5,368       19,489       8,167       32,199       21,057  

Units purchased

      10,739       166       15,018       6,998       7,656       17,727       8,180       11,880  

Units redeemed

      (23 )      (1 )      (16,446 )      (255 )      (11,220 )      (6,405 )      (18,942 )      (738 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      10,881       165       10,683       12,111       15,925       19,489       21,437       32,199  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     FEOVF     FTVGI2     FTVGR2     FTVIS2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 3,417       443       51,369       49,471       343       231       7,023       10,389  

Realized gain (loss) on investments

      (4,155 )      (1,449 )      (11,351 )      5,217       (1,192 )      711       (11,516 )      100  

Change in unrealized gain (loss) on investments

      672       8,165       (73,520 )      (49,099 )      (1,202 )      635       (7,043 )      6,059  

Reinvested capital gains

      6,042       4,801       -           -           1,102       181       99       3,140  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      5,976       11,960       (33,502 )      5,589       (949 )      1,758       (11,437 )      19,688  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      18,457       25,836       -           31,778       -           3,555       2,882       26,542  

Transfers between funds

      (30,462 )      68,731       63,188       181,415       (3,187 )      (396 )      (91,478 )      96,728  

Redemptions (notes 2, 3, and 4)

      (2,864 )      (5,366 )      (7,316 )      (44,400 )      (531 )      (352 )      (530 )      (383 ) 

Adjustments to maintain reserves

      (12 )      1       (7 )      1       1       -           (4 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (14,881 )      89,202       55,865       168,794       (3,717 )      2,807       (89,130 )      122,887  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (8,905 )      101,162       22,363       174,383       (4,666 )      4,565       (100,567 )      142,575  

Contract owners’ equity at beginning of period

      144,221       43,059       635,151       460,768       12,163       7,598       232,413       89,838  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 135,316       144,221       657,514       635,151       7,497       12,163       131,846       232,413  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      6,201       2,173       35,321       26,139       470       359       8,511       3,818  

Units purchased

      918       5,402       7,833       18,314       -           507       126       4,836  

Units redeemed

      (1,674 )      (1,374 )      (4,551 )      (9,132 )      (164 )      (396 )      (3,842 )      (143 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      5,445       6,201       38,603       35,321       306       470       4,795       8,511  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     FTVMS2     FTVRD2     FTVSI2     FTVUG2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 299       644       1,854       2,508       15,235       39,119       1,320       1,042  

Realized gain (loss) on investments

      (6,124 )      (291 )      (10,121 )      764       (10,645 )      (4,178 )      42       -      

Change in unrealized gain (loss) on investments

      232       5,029       17,459       15,638       7,925       (6,949 )      135       794  

Reinvested capital gains

      415       3,446       7,864       31,100       -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (5,178 )      8,828       17,056       50,010       12,515       27,992       1,497       1,836  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           11,622       -           8,134       84,732       8       -           -      

Transfers between funds

      (20,006 )      (24,673 )      (116,534 )      76,804       (320,048 )      463,883       6,320       -      

Redemptions (notes 2, 3, and 4)

      (156 )      (748 )      (3,128 )      (6,415 )      (18,091 )      (51,983 )      (19 )      (10 ) 

Adjustments to maintain reserves

      (9 )      1       (2 )      1       2       (2 )      4       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (20,171 )      (13,798 )      (119,664 )      78,524       (253,405 )      411,906       6,305       (10 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (25,349 )      (4,970 )      (102,608 )      128,534       (240,890 )      439,898       7,802       1,826  

Contract owners’ equity at beginning of period

      37,054       42,024       290,652       162,118       676,793       236,895       36,937       35,111  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 11,705       37,054       188,044       290,652       435,903       676,793       44,739       36,937  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      1,293       1,797       17,559       12,657       33,749       12,765       2,778       2,779  

Units purchased

      -           439       1,398       5,352       11,457       31,652       1,389       -      

Units redeemed

      (863 )      (943 )      (9,161 )      (450 )      (24,190 )      (10,668 )      (926 )      (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      430       1,293       9,796       17,559       21,016       33,749       3,241       2,778  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     GVMSA     GVFRB     GVR2XS      GVTRBE  
     2020     2019     2020     2019     2020     2019      2020     2019  

Investment activity:

                  

Net investment income (loss)

    $ 1,004       1,399       75,896       19,065       -           -            30,062       37,452  

Realized gain (loss) on investments

      (1 )      -           (34,497 )      (3,198 )      4,888       -            27,012       42  

Change in unrealized gain (loss) on investments

      2,678       1,979       20,309       22,611       -           -            164,647       22,116  

Reinvested capital gains

      -           -           -           -           -           -            -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      3,681       3,378       61,708       38,478       4,888       -            221,721       59,610  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Equity transactions:

                  

Purchase payments received from contract owners (note 4)

      -           -           -           -           -           -            129,929       281,706  

Transfers between funds

      -           13,207       1,730,051       (168,545 )      (4,888 )      -            355,626       146,034  

Redemptions (notes 2, 3, and 4)

      (28 )      (21 )      (54,365 )      (82,835 )      -           -            (189,140 )      (100,265 ) 

Adjustments to maintain reserves

      -           (1 )      (1 )      -           -           -            (5 )      2  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net equity transactions

      (28 )      13,185       1,675,685       (251,380 )      (4,888 )      -            296,410       327,477  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net change in contract owners’ equity

      3,653       16,563       1,737,393       (212,902 )      -           -            518,131       387,087  

Contract owners’ equity at beginning of period

      55,986       39,423       390,867       603,769       -           -            1,546,061       1,158,974  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 59,639       55,986       2,128,260       390,867       -           -            2,064,192       1,546,061  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

CHANGE IN UNITS:

                  

Beginning units

      5,610       4,290       30,849       51,275       -           -            104,593       81,923  

Units purchased

      -           1,322       169,028       4,609       13,527       -            76,790       32,429  

Units redeemed

      (3 )      (2 )      (31,919 )      (25,035 )      (13,527 )      -            (59,111 )      (9,759 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Ending units

      5,607       5,610       167,958       30,849       -           -            122,272       104,593  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     RAF     RBF     RBKF     RBMF  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ -           -           -           -           -           -           -           -      

Realized gain (loss) on investments

      (99,629 )      (1,949 )      (2,815 )      1,249       4,749       (1,869 )      8,716       -      

Change in unrealized gain (loss) on investments

      -           (220 )      (4,772 )      21,946       (5,325 )      5,435       -           -      

Reinvested capital gains

      -           -           4,769       2,008       -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (99,629 )      (2,169 )      (2,818 )      25,203       (576 )      3,566       8,716       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           -           -           -           -           -      

Transfers between funds

      103,560       (27,272 )      (22,105 )      4,315       (42,907 )      54,756       (8,502 )      -      

Redemptions (notes 2, 3, and 4)

      (3,929 )      (2 )      (605 )      (626 )      (213 )      (142 )      (214 )      -      

Adjustments to maintain reserves

      (2 )      -           (20 )      1       (3 )      1       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      99,629       (27,274 )      (22,730 )      3,690       (43,123 )      54,615       (8,716 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      -           (29,443 )      (25,548 )      28,893       (43,699 )      58,181       -           -      

Contract owners’ equity at beginning of period

      -           29,443       97,373       68,480       58,181       -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ -           -           71,825       97,373       14,482       58,181       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      -           22,203       1,738       1,524       5,741       -           -           -      

Units purchased

      1,310,838       24,178       6,283       4,196       7,242       10,314       2,669       -      

Units redeemed

      (1,310,838 )      (46,381 )      (6,964 )      (3,982 )      (11,422 )      (4,573 )      (2,669 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           -           1,057       1,738       1,561       5,741       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     RCPF     RELF     RENF     RESF  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ -           2,994       -           -           4       44       92       -      

Realized gain (loss) on investments

      (12,934 )      1,983       28,486       (2,483 )      224       3,260       (4,621 )      (18,566 ) 

Change in unrealized gain (loss) on investments

      (29,588 )      57,803       48,304       42,262       18       58       (4,841 )      1,138  

Reinvested capital gains

      -           723       2,214       163       -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (42,522 )      63,503       79,004       39,942       246       3,362       (9,370 )      (17,428 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           (93 )      -           -           -           -           -      

Transfers between funds

      (301,589 )      4,953       (87,814 )      240,501       (431 )      5,159       (896 )      43,750  

Redemptions (notes 2, 3, and 4)

      (30 )      (306 )      (156 )      (142 )      (12 )      (7,982 )      (2,842 )      (4,823 ) 

Adjustments to maintain reserves

      -           1       (8 )      1       (1 )      -           3       (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (301,619 )      4,648       (88,071 )      240,360       (444 )      (2,823 )      (3,735 )      38,926  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (344,141 )      68,151       (9,067 )      280,302       (198 )      539       (13,105 )      21,498  

Contract owners’ equity at beginning of period

      344,141       275,990       307,577       27,275       539       -           21,498       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ -           344,141       298,510       307,577       341       539       8,393       21,498  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      10,110       9,919       8,245       1,165       48       -           3,859       -      

Units purchased

      -           3,233       6,931       9,084       3,525       11,031       -           29,327  

Units redeemed

      (10,110 )      (3,042 )      (10,045 )      (2,004 )      (3,527 )      (10,983 )      (1,455 )      (25,468 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           10,110       5,131       8,245       46       48       2,404       3,859  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     RHCF     RHYS      RINF     RJNF  
     2020     2019     2020     2019      2020     2019     2020     2019  

Investment activity:

                  

Net investment income (loss)

    $ -           -           -           -            -           -           52       -      

Realized gain (loss) on investments

      1,718       (7,943 )      (12,451 )      -            18,230       291       (397 )      (2,156 ) 

Change in unrealized gain (loss) on investments

      2,789       3,700       5,866       -            -           -           (13 )      272  

Reinvested capital gains

      917       1,186       -           -            951       -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      5,424       (3,057 )      (6,585 )      -            19,181       291       (358 )      (1,884 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                  

Purchase payments received from contract owners (note 4)

      -           -           -           -            -           -           -           -      

Transfers between funds

      50,830       6,704       170,009       -            (19,017 )      (225 )      4,288       1,324  

Redemptions (notes 2, 3, and 4)

      (148 )      (210 )      (28 )      -            (165 )      (67 )      (142 )      (144 ) 

Adjustments to maintain reserves

      9       1       (2 )      -            1       1       1       -      
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      50,691       6,495       169,979       -            (19,181 )      (291 )      4,147       1,180  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      56,115       3,438       163,394       -            -           -           3,789       (704 ) 

Contract owners’ equity at beginning of period

      18,732       15,294       -           -            -           -           4,590       5,294  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 74,847       18,732       163,394       -            -           -           8,379       4,590  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                  

Beginning units

      494       494       -           -            -           -           1,376       1,376  

Units purchased

      1,882       16,552       51,741       -            3,915       541       96,162       33,532  

Units redeemed

      (714 )      (16,552 )      (39,507 )      -            (3,915 )      (541 )      (94,356 )      (33,532 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      1,662       494       12,234       -            -           -           3,182       1,376  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     RLF     RNF     ROF     RPMF  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ -           142       1,332       -           2,720       319       19,283       -      

Realized gain (loss) on investments

      11,293       (1,515 )      547       -           30,053       76,924       36,512       5  

Change in unrealized gain (loss) on investments

      3,262       -           14,201       (724 )      15,656       149,912       365       -      

Reinvested capital gains

      2,252       570       15,625       -           108,529       5,761       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      16,807       (803 )      31,705       (724 )      156,958       232,916       56,160       5  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           -           15,325       33,744       -           -      

Transfers between funds

      157       1,008       10,607       156,585       59,367       (922,644 )      127,767       (5 ) 

Redemptions (notes 2, 3, and 4)

      (147 )      (206 )      (25 )      (2 )      (22,615 )      (12,334 )      -           -      

Adjustments to maintain reserves

      (6 )      1       13       1       16       (2 )      -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      4       803       10,595       156,584       52,093       (901,236 )      127,767       (5 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      16,811       -           42,300       155,860       209,051       (668,320 )      183,927       -      

Contract owners’ equity at beginning of period

      -           -           155,860       -           391,834       1,060,154       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 16,811       -           198,160       155,860       600,885       391,834       183,927       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      -           -           3,734       -           6,859       25,398       -           -      

Units purchased

      3,515       2,633       447       3,734       53,994       28,904       40,124       53  

Units redeemed

      (3,070 )      (2,633 )      (226 )      -           (53,597 )      (47,443 )      (30,034 )      (53 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      445       -           3,955       3,734       7,256       6,859       10,090       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     RREF     RRF     RSRF     RTEC  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 1,213       842       -           -           -           196       -           -      

Realized gain (loss) on investments

      (1,272 )      5,507       (665 )      553       (7,949 )      (100 )      110,416       18,179  

Change in unrealized gain (loss) on investments

      (7,881 )      4,689       1,752       -           3,867       1,222       87,988       67,149  

Reinvested capital gains

      1,124       415       -           -           -           -           8,608       17,494  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (6,816 )      11,453       1,087       553       (4,082 )      1,318       207,012       102,822  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           -           -           15,048       29,760       -      

Transfers between funds

      4,173       (2,474 )      13,155       (487 )      (31,087 )      956       (275,385 )      605,004  

Redemptions (notes 2, 3, and 4)

      (78 )      (153 )      (74 )      (65 )      (210 )      (328 )      (15,872 )      (56,417 ) 

Adjustments to maintain reserves

      (11 )      (1 )      16       (1 )      -           -           15       (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      4,084       (2,628 )      13,097       (553 )      (31,297 )      15,676       (261,482 )      548,586  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (2,732 )      8,825       14,184       -           (35,379 )      16,994       (54,470 )      651,408  

Contract owners’ equity at beginning of period

      45,314       36,489       -           -           35,379       18,385       676,558       25,150  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 42,582       45,314       14,184       -           -           35,379       622,088       676,558  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      2,089       2,093       -           -           2,041       1,119       16,819       874  

Units purchased

      1,981       5,869       670       430       258       941       14,517       39,186  

Units redeemed

      (1,986 )      (5,873 )      (355 )      (430 )      (2,299 )      (19 )      (20,974 )      (23,241 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      2,084       2,089       315       -           -           2,041       10,362       16,819  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     RTF     RTRF      RUF      RUGB  
     2020     2019     2020     2019      2020     2019      2020     2019  

Investment activity:

                   

Net investment income (loss)

    $ -           -           -           -            -           -            219       153  

Realized gain (loss) on investments

      (55,110 )      (1,631 )      (6,867 )      -            232       -            (8,875 )      139  

Change in unrealized gain (loss) on investments

      (33,413 )      118,260       6,788       1,071        -           -            256       (731 ) 

Reinvested capital gains

      -           -           -           -            -           -            -           -      
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (88,523 )      116,629       (79 )      1,071        232       -            (8,400 )      (439 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Equity transactions:

                   

Purchase payments received from contract owners (note 4)

      -           -           -           -            -           -            -           -      

Transfers between funds

      (135,721 )      (244,268 )      12,689       46,936        (230 )      -            (29,854 )      26,990  

Redemptions (notes 2, 3, and 4)

      (7 )      (36 )      (176 )      -            (2 )      -            (1,954 )      (145 ) 

Adjustments to maintain reserves

      -           1       (10 )      -            -           -            304       -      
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Net equity transactions

      (135,728 )      (244,303 )      12,503       46,936        (232 )      -            (31,504 )      26,845  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Net change in contract owners’ equity

      (224,251 )      (127,674 )      12,424       48,007        -           -            (39,904 )      26,406  

Contract owners’ equity at beginning of period

      224,251       351,925       48,007       -            -           -            39,904       13,498  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ -           224,251       60,431       48,007        -           -            -           39,904  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

CHANGE IN UNITS:

                   

Beginning units

      4,424       11,284       1,579       -            -           -            1,857       734  

Units purchased

      3,106       572       8,925       1,579        7,439       -            110,894       10,137  

Units redeemed

      (7,530 )      (7,432 )      (9,091 )      -            (7,439 )      -            (112,751 )      (9,014 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

Ending units

      -           4,424       1,413       1,579        -           -            -           1,857  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     RUTL     RVARS     RVF     RVISC  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ -           14       782       1,039       2,382       927       -           -      

Realized gain (loss) on investments

      (16,274 )      4,951       2       624       277,305       (99,413 )      (4,321 )      -      

Change in unrealized gain (loss) on investments

      (430 )      430       3,446       3,079       40,739       341,096       -           -      

Reinvested capital gains

      -           -           -           -           171,586       -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (16,704 )      5,395       4,230       4,742       492,012       242,610       (4,321 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           -           -           -           -           -      

Transfers between funds

      (68,586 )      80,077       -           (103,570 )      187,678       40,414       4,321       -      

Redemptions (notes 2, 3, and 4)

      (140 )      (43 )      (48 )      (39 )      (37,565 )      (19,941 )      -           -      

Adjustments to maintain reserves

      -           1       (2 )      -           (964 )      -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (68,726 )      80,035       (50 )      (103,609 )      149,149       20,473       4,321       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (85,430 )      85,430       4,180       (98,867 )      641,161       263,083       -           -      

Contract owners’ equity at beginning of period

      85,430       -           57,263       156,130       712,011       448,928       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ -           85,430       61,443       57,263       1,353,172       712,011       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      2,838       -           5,377       15,397       4,443       5,057       -           -      

Units purchased

      4,679       6,876       -           1,233       9,816       6,855       56,936       -      

Units redeemed

      (7,517 )      (4,038 )      (4 )      (11,253 )      (9,740 )      (7,469 )      (56,936 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           2,838       5,373       5,377       4,519       4,443       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     RVLCG     RVLCV     RVLDD     RVMCV  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ -           -           414       450       -           -           -           -      

Realized gain (loss) on investments

      11,006       3,924       (9,290 )      (2,905 )      12,443       125       (65,177 )      261  

Change in unrealized gain (loss) on investments

      5,169       620       (595 )      12,466       -           -           59,183       -      

Reinvested capital gains

      12,618       982       1,593       675       -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      28,793       5,526       (7,878 )      10,686       12,443       125       (5,994 )      261  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      95       -           95       -           -           -           160       -      

Transfers between funds

      31,539       32,506       (70,351 )      219,859       (12,200 )      (125 )      570,771       (162 ) 

Redemptions (notes 2, 3, and 4)

      (5,386 )      (18,959 )      (11,986 )      (20,403 )      (243 )      -           (1,784 )      (99 ) 

Adjustments to maintain reserves

      17       -           (11 )      1       -           -           (15 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      26,265       13,547       (82,253 )      199,457       (12,443 )      (125 )      569,132       (261 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      55,058       19,073       (90,131 )      210,143       -           -           563,138       -      

Contract owners’ equity at beginning of period

      19,073       -           218,172       8,029       -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 74,131       19,073       128,041       218,172       -           -           563,138       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      536       -           7,629       346       -           -           -           -      

Units purchased

      9,672       4,452       43,388       12,160       5,863       174       37,059       4,803  

Units redeemed

      (8,572 )      (3,916 )      (46,011 )      (4,877 )      (5,863 )      (174 )      (17,472 )      (4,803 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      1,636       536       5,006       7,629       -           -           19,587       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     RVMFU     RVSCG      RVSCV     SBLJ  
     2020     2019     2020     2019      2020     2019     2020     2019  

Investment activity:

                  

Net investment income (loss)

    $ 3,079       619       -           -            -           -           -           121  

Realized gain (loss) on investments

      289       267       3,691       -            (39,819 )      7,020       (1,075 )      228  

Change in unrealized gain (loss) on investments

      (1,861 )      4,264       41,417       -            27,595       -           (1,822 )      2,490  

Reinvested capital gains

      451       -           -           -            -           -           -           1,334  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      1,958       5,150       45,108       -            (12,224 )      7,020       (2,897 )      4,173  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                  

Purchase payments received from contract owners (note 4)

      833       1,950       11,520       -            -           -           -           -      

Transfers between funds

      2,388       12,116       189,474       -            268,848       (6,018 )      (481 )      (184 ) 

Redemptions (notes 2, 3, and 4)

      (784 )      (8,728 )      (624 )      -            (773 )      (1,002 )      (12,718 )      (107 ) 

Adjustments to maintain reserves

      3       1       11       -            (4 )      -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      2,440       5,339       200,381       -            268,071       (7,020 )      (13,199 )      (291 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      4,398       10,489       245,489       -            255,847       -           (16,096 )      3,882  

Contract owners’ equity at beginning of period

      76,225       65,736       -           -            -           -           16,096       12,214  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 80,623       76,225       245,489       -            255,847       -           -           16,096  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                  

Beginning units

      10,219       9,531       -           -            -           -           555       559  

Units purchased

      1,690       3,305       17,725       -            29,892       12,196       -           53  

Units redeemed

      (1,374 )      (2,617 )      (10,828 )      -            (16,952 )      (12,196 )      (555 )      (57 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      10,535       10,219       6,897       -            12,940       -           -           555  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     SBLP     SBLQ     SBLY     ACC1  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ -           12,460       181       148       649       788       5,947       -      

Realized gain (loss) on investments

      5,140       (945 )      (6 )      (2 )      3       1       16,665       -      

Change in unrealized gain (loss) on investments

      4,496       6,039       (1,682 )      2,485       14,222       7,214       67,341       -      

Reinvested capital gains

      -           -           1,307       1,097       2,224       3,439       6,524       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      9,636       17,554       (200 )      3,728       17,098       11,442       96,477       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           76,512       -           -           -           -           336,331       -      

Transfers between funds

      (217,839 )      (930 )      -           -           -           -           (109,504 )      -      

Redemptions (notes 2, 3, and 4)

      -           (8,411 )      (18 )      (22 )      (19 )      (17 )      (1,032 )      -      

Adjustments to maintain reserves

      -           (1 )      7       (1 )      (15 )      (1 )      (7 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (217,839 )      67,170       (11 )      (23 )      (34 )      (18 )      225,788       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (208,203 )      84,724       (211 )      3,705       17,064       11,424       322,265       -      

Contract owners’ equity at beginning of period

      208,203       123,479       20,224       16,519       45,159       33,735       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ -           208,203       20,013       20,224       62,223       45,159       322,265       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      12,643       8,376       918       919       1,424       1,425       -           -      

Units purchased

      79,458       4,849       -           -           -           -           22,450       -      

Units redeemed

      (92,101 )      (582 )      (1 )      (1 )      (1 )      (1 )      (10,032 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           12,643       917       918       1,423       1,424       12,418       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     AVHY1     AVIE     IVBRA2     IVCPBI  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ -           -           2,081       37       24,012       -           17,387       8,796  

Realized gain (loss) on investments

      24,706       42,545       60       2,475       (4,090 )      (2,407 )      2,786       (476 ) 

Change in unrealized gain (loss) on investments

      -           -           12,837       4,657       (7,633 )      44,299       36,818       22,853  

Reinvested capital gains

      -           -           2,005       150       16,041       -           4,956       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      24,706       42,545       16,983       7,319       28,330       41,892       61,947       31,173  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           40,027       14,316       (6,940 )      -           80,054  

Transfers between funds

      (24,686 )      (42,476 )      34,795       (2,064 )      11,480       6,578       531,290       40,263  

Redemptions (notes 2, 3, and 4)

      (20 )      (68 )      (1,276 )      (1,981 )      (2,265 )      (12,127 )      (2,831 )      (4,017 ) 

Adjustments to maintain reserves

      -           (1 )      (6 )      1       (8 )      1       2       (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (24,706 )      (42,545 )      33,513       35,983       23,523       (12,488 )      528,461       116,299  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      -           -           50,496       43,302       51,853       29,404       590,408       147,472  

Contract owners’ equity at beginning of period

      -           -           61,913       18,611       324,158       294,754       421,558       274,086  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ -           -           112,409       61,913       376,011       324,158       1,011,966       421,558  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      -           -           4,184       1,617       23,199       24,234       35,688       25,770  

Units purchased

      78,221       81,943       2,567       4,325       3,928       833       45,237       14,465  

Units redeemed

      (78,221 )      (81,943 )      (87 )      (1,758 )      (2,661 )      (1,868 )      (2,845 )      (4,547 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           -           6,664       4,184       24,466       23,199       78,080       35,688  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     IVDDI     IVGMMI     IVGS1     IVHS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 6,808       9,580       22,064       155,981       94       813       283       33  

Realized gain (loss) on investments

      (51,364 )      5,983       -           -           4       20,594       7       (456 ) 

Change in unrealized gain (loss) on investments

      (9,248 )      50,419       -           -           137       897       10,306       15,817  

Reinvested capital gains

      5,662       17,779       -           -           -           -           2,154       1,853  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (48,142 )      83,761       22,064       155,981       235       22,304       12,750       17,247  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      1,426       13,957       8,927,888       18,447,357       -           -           -           -      

Transfers between funds

      (116,447 )      (61,545 )      (4,005,731 )      (22,728,411 )      -           (499,851 )      -           58,270  

Redemptions (notes 2, 3, and 4)

      (1,139 )      (18,830 )      (5,982,190 )      (2,297,409 )      (89 )      (487 )      (194 )      (156 ) 

Adjustments to maintain reserves

      7       (1 )      (14 )      (36 )      (6 )      1       19       2  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (116,153 )      (66,419 )      (1,060,047 )      (6,578,499 )      (95 )      (500,337 )      (175 )      58,116  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (164,295 )      17,342       (1,037,983 )      (6,422,518 )      140       (478,033 )      12,575       75,363  

Contract owners’ equity at beginning of period

      357,406       340,064       5,623,245       12,045,763       3,758       481,791       88,396       13,033  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 193,111       357,406       4,585,262       5,623,245       3,898       3,758       100,971       88,396  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      15,005       17,860       539,441       1,177,433       253       34,418       2,322       454  

Units purchased

      3,581       3,671       3,480,438       3,172,229       -           1,984       -           1,959  

Units redeemed

      (10,490 )      (6,526 )      (3,581,287 )      (3,810,221 )      (6 )      (36,149 )      (5 )      (91 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      8,096       15,005       438,592       539,441       247       253       2,317       2,322  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     IVKEI1     IVMCC2     IVRE     IVT  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 17,406       14,363       95       16       12,313       7,765       -           -      

Realized gain (loss) on investments

      (302 )      1,091       (19 )      (820 )      (6,864 )      723       443       (3,270 ) 

Change in unrealized gain (loss) on investments

      43,659       51,733       (2,364 )      2,495       (47,152 )      24,417       54,920       71,427  

Reinvested capital gains

      32,064       40,098       4,113       821       6,878       199       31,622       26,511  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      92,827       107,285       1,825       2,512       (34,825 )      33,104       86,985       94,668  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           4,251       -           11,848       71,812       62,750       -           2,330  

Transfers between funds

      117,984       (54,793 )      -           -           (10,356 )      10,020       29,929       88,341  

Redemptions (notes 2, 3, and 4)

      (3,011 )      (4,475 )      (120 )      (36 )      (2,516 )      (2,153 )      (52,704 )      (51,411 ) 

Adjustments to maintain reserves

      (2 )      (2 )      (12 )      -           8       (2 )      28       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      114,971       (55,019 )      (132 )      11,812       58,948       70,615       (22,747 )      39,260  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      207,798       52,266       1,693       14,324       24,123       103,719       64,238       133,928  

Contract owners’ equity at beginning of period

      592,162       539,896       20,670       6,346       241,250       137,531       377,766       243,838  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 799,960       592,162       22,363       20,670       265,373       241,250       442,004       377,766  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      27,526       30,208       775       298       9,657       6,772       9,079       7,963  

Units purchased

      6,440       527       -           845       3,799       3,327       4,068       4,304  

Units redeemed

      (146 )      (3,209 )      (5 )      (368 )      (1,341 )      (442 )      (5,877 )      (3,188 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      33,820       27,526       770       775       12,115       9,657       7,270       9,079  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     OVGIS     OVGSS     OVIGS     OVSBS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 468       334       779       661       721       610       1,126       699  

Realized gain (loss) on investments

      (13,834 )      (5,124 )      (22,201 )      (261 )      (185 )      (171 )      (15 )      (1 ) 

Change in unrealized gain (loss) on investments

      -           3,911       64,988       10,221       25,375       12,491       688       1,357  

Reinvested capital gains

      3,959       6,621       6,461       14,939       1,514       4,219       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (9,407 )      5,742       50,027       25,560       27,425       17,149       1,799       2,055  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           82,532       -           6,019       100       -      

Transfers between funds

      9,562       (41,871 )      (30,351 )      74,374       38,879       15,203       111,477       -      

Redemptions (notes 2, 3, and 4)

      (155 )      (254 )      (22,927 )      (422 )      (1,220 )      (30,096 )      (324 )      (24 ) 

Adjustments to maintain reserves

      -           (1 )      (8 )      -           (11 )      1       2       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      9,407       (42,126 )      (53,286 )      156,484       37,648       (8,873 )      111,255       (24 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      -           (36,384 )      (3,259 )      182,044       65,073       8,276       113,054       2,031  

Contract owners’ equity at beginning of period

      -           36,384       215,561       33,517       64,607       56,331       21,414       19,383  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ -           -           212,302       215,561       129,680       64,607       134,468       21,414  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      -           1,671       8,510       1,739       3,445       3,843       1,592       1,594  

Units purchased

      2,877       1,584       2,994       6,885       2,705       1,314       8,137       -      

Units redeemed

      (2,877 )      (3,255 )      (4,922 )      (114 )      (437 )      (1,712 )      (24 )      (2 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           -           6,582       8,510       5,713       3,445       9,705       1,592  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     OVTRBS     WRBDP     WRBP     WRENG  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 2,210       6,311       21,702       -           -           -           25       -      

Realized gain (loss) on investments

      6,796       (52 )      54,836       -           (4,145 )      -           (4,411 )      111  

Change in unrealized gain (loss) on investments

      (786 )      10,622       50,403       11,873       8,071       394       16       -      

Reinvested capital gains

      -           -           -           -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      8,220       16,881       126,941       11,873       3,926       394       (4,370 )      111  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           34,751       58,687       -           -           -           -      

Transfers between funds

      (63,471 )      7,518       550,947       720,197       111,890       39,474       5,992       (111 ) 

Redemptions (notes 2, 3, and 4)

      (424 )      (17,908 )      (1,100 )      (1 )      (39,618 )      -           -           -      

Adjustments to maintain reserves

      2       -           -           (1 )      (2 )      (1 )      (2 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (63,893 )      (10,390 )      584,598       778,882       72,270       39,473       5,990       (111 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (55,673 )      6,491       711,539       790,755       76,196       39,867       1,620       -      

Contract owners’ equity at beginning of period

      188,602       182,111       790,755       -           39,867       -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 132,929       188,602       1,502,294       790,755       116,063       39,867       1,620       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      13,619       14,367       54,390       -           1,650       -           -           -      

Units purchased

      5,568       1,840       122,733       54,390       5,808       1,650       12,235       3,981  

Units redeemed

      (10,415 )      (2,588 )      (84,002 )      -           (3,248 )      -           (11,927 )      (3,981 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      8,772       13,619       93,121       54,390       4,210       1,650       308       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     WRGBP     WRGNR     WRHIP     WRLTBP  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 7,807       2,699       1,017       528       46,864       6,916       776       499  

Realized gain (loss) on investments

      2,702       1,061       (12 )      (7 )      (24,066 )      5,741       17       1  

Change in unrealized gain (loss) on investments

      5,433       4,310       (7,610 )      4,238       5,127       3,155       380       644  

Reinvested capital gains

      -           -           -           -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      15,942       8,070       (6,605 )      4,759       27,925       15,812       1,173       1,144  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      83,207       62,804       -           -           -           -           -           -      

Transfers between funds

      (4,987 )      (31,343 )      -           -           399,768       (80,679 )      4,110       -      

Redemptions (notes 2, 3, and 4)

      (3,903 )      (12,177 )      (19 )      (26 )      (697 )      (43 )      (47 )      (85 ) 

Adjustments to maintain reserves

      (2 )      -           1       -           (2 )      -           5       (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      74,315       19,284       (18 )      (26 )      399,069       (80,722 )      4,068       (86 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      90,257       27,354       (6,623 )      4,733       426,994       (64,910 )      5,241       1,058  

Contract owners’ equity at beginning of period

      133,190       105,836       55,066       50,333       34,068       98,978       28,142       27,084  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 223,447       133,190       48,443       55,066       461,062       34,068       33,383       28,142  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      10,344       8,994       7,970       7,974       1,629       5,262       2,559       2,567  

Units purchased

      12,966       8,544       -           -           70,837       36,406       445       -      

Units redeemed

      (7,265 )      (7,194 )      (3 )      (4 )      (51,676 )      (40,039 )      (89 )      (8 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      16,045       10,344       7,967       7,970       20,790       1,629       2,915       2,559  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     WRMCG     WRSTP     WRVP     JABIN  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ -           -           -           -           602       -           49,440       44,527  

Realized gain (loss) on investments

      59       (6,438 )      4,647       115       24       1       (26,029 )      196,524  

Change in unrealized gain (loss) on investments

      10,803       -           49,519       28,224       (1,209 )      3,219       120,083       107,174  

Reinvested capital gains

      246       -           37,419       29,784       1,258       -           21,342       62,407  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      11,108       (6,438 )      91,585       58,123       675       3,220       164,836       410,632  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      2,999       -           -           -           -           31,669       127,014       186,859  

Transfers between funds

      76,042       6,465       (72,776 )      249,773       186       -           298,045       800,594  

Redemptions (notes 2, 3, and 4)

      (212 )      (27 )      (120 )      (1,590 )      (1,399 )      (33 )      (487,570 )      (263,227 ) 

Adjustments to maintain reserves

      (2 )      -           (21 )      (1 )      (2 )      -           (10 )      (20 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      78,827       6,438       (72,917 )      248,182       (1,215 )      31,636       (62,521 )      724,206  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      89,935       -           18,668       306,305       (540 )      34,856       102,315       1,134,838  

Contract owners’ equity at beginning of period

      -           -           348,619       42,314       34,856       -           2,536,281       1,401,443  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 89,935       -           367,287       348,619       34,316       34,856       2,638,596       2,536,281  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      -           -           8,082       1,466       1,247       -           90,904       61,576  

Units purchased

      1,585       7,200       580       7,949       8       1,248       44,347       148,214  

Units redeemed

      (4 )      (7,200 )      (2,372 )      (1,333 )      (51 )      (1 )      (52,520 )      (118,886 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      1,581       -           6,290       8,082       1,204       1,247       82,731       90,904  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     JAEI     JAFBS     JAFRIN     JAGRIN  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 806       1,628       4,446       4,472       8,472       1,551       519       129  

Realized gain (loss) on investments

      29,318       39,320       23       (61 )      9,806       (610 )      294       (2,980 ) 

Change in unrealized gain (loss) on investments

      26,462       129,750       12,259       9,431       297,890       206,494       8,720       4,802  

Reinvested capital gains

      50,343       45,694       -           -           79,779       70,001       3,259       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      106,929       216,392       16,728       13,842       395,947       277,436       12,792       1,951  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      88,742       50,197       33,978       -           9,983       97,698       5,705       55,827  

Transfers between funds

      (279,659 )      209,120       -           -           (332,427 )      352,855       107       (20,102 ) 

Redemptions (notes 2, 3, and 4)

      (21,869 )      (48,131 )      (1,623 )      (2,734 )      (58,827 )      (7,224 )      (165 )      (71 ) 

Adjustments to maintain reserves

      22       -           (1 )      (1 )      (10 )      -           8       (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (212,764 )      211,186       32,354       (2,735 )      (381,281 )      443,329       5,655       35,653  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (105,835 )      427,578       49,082       11,107       14,666       720,765       18,447       37,604  

Contract owners’ equity at beginning of period

      969,510       541,932       161,230       150,123       1,411,113       690,348       59,058       21,454  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 863,675       969,510       210,312       161,230       1,425,779       1,411,113       77,505       59,058  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      21,224       16,073       12,979       13,206       36,580       24,546       2,508       1,175  

Units purchased

      4,353       9,078       2,504       -           923       18,067       734       3,207  

Units redeemed

      (9,752 )      (3,927 )      (127 )      (227 )      (10,989 )      (6,033 )      (501 )      (1,874 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      15,825       21,224       15,356       12,979       26,514       36,580       2,741       2,508  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     JAIG     JARIN     JIULVV     JMCVIN  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 379       400       263       489       10,502       1,519       3,058       1,730  

Realized gain (loss) on investments

      1,246       (1,515 )      47       21,293       (703 )      15,992       (5,819 )      (34 ) 

Change in unrealized gain (loss) on investments

      4,453       5,956       10,386       (3,420 )      (22,737 )      9,020       6,124       22,806  

Reinvested capital gains

      -           -           3,833       16,259       34,762       1,516       4,810       8,623  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      6,078       4,841       14,529       34,621       21,824       28,047       8,173       33,125  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract

owners (note 4)

      51,656       -           -           -           247,034       135,699       20,455       60,517  

Transfers between funds

      (782 )      3,374       -           (121,001 )      (7,828 )      170,021       60,950       18,082  

Redemptions (notes 2, 3, and 4)

      (307 )      (137 )      (182 )      (34 )      (44,454 )      (1,761 )      (1,522 )      (1,967 ) 

Adjustments to maintain reserves

      4       1       18       1       6       (1 )      (8 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      50,571       3,238       (164 )      (121,034 )      194,758       303,958       79,875       76,632  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      56,649       8,079       14,365       (86,413 )      216,582       332,005       88,048       109,757  

Contract owners’ equity at beginning of period

      25,258       17,179       44,144       130,557       365,587       33,582       205,180       95,423  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 81,907       25,258       58,509       44,144       582,169       365,587       293,228       205,180  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      1,661       1,435       1,314       5,267       24,975       2,938       8,401       5,093  

Units purchased

      3,977       1,419       -           -           17,072       97,351       5,149       3,396  

Units redeemed

      (1,007 )      (1,193 )      (4 )      (3,953 )      (3,623 )      (75,314 )      (1,433 )      (88 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      4,631       1,661       1,310       1,314       38,424       24,975       12,117       8,401  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     JHEVTN     JPIGA2     JPIIB2     LZREMS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 12,258       14,137       7,948       6,828       8,267       6,900       5,815       2,728  

Realized gain (loss) on investments

      (38,151 )      (18,512 )      (4,967 )      88       22,077       4,846       (42,707 )      (31,059 ) 

Change in unrealized gain (loss) on investments

      39,106       52,510       54,466       44,994       (17,597 )      40,034       12,005       78,941  

Reinvested capital gains

      -           -           4,260       -           -           581       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      13,213       48,135       61,707       51,910       12,747       52,361       (24,887 )      50,610  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      43,792       178,328       -           152,893       -           5,711       -           18,767  

Transfers between funds

      5,454       (21,275 )      (35,088 )      116,034       (428,179 )      485,265       59,508       (13,517 ) 

Redemptions (notes 2, 3, and 4)

      (10,733 )      (938 )      (2,938 )      (18,100 )      (476 )      (51,760 )      (103,586 )      (19,066 ) 

Adjustments to maintain reserves

      (7 )      1       (4 )      1       2       (1 )      (4 )      1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      38,506       156,116       (38,030 )      250,828       (428,653 )      439,215       (44,082 )      (13,815 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      51,719       204,251       23,677       302,738       (415,906 )      491,576       (68,969 )      36,795  

Contract owners’ equity at beginning of period

      568,586       364,335       531,286       228,548       687,408       195,832       338,294       301,499  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 620,305       568,586       554,963       531,286       271,502       687,408       269,325       338,294  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      40,756       28,931       40,314       20,217       54,410       17,712       11,731       12,352  

Units purchased

      11,984       20,063       26,007       21,582       2,642       51,959       7,680       7,045  

Units redeemed

      (9,830 )      (8,238 )      (29,830 )      (1,485 )      (36,627 )      (15,261 )      (9,951 )      (7,666 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      42,910       40,756       36,491       40,314       20,425       54,410       9,460       11,731  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     LZRGDM     LZRIES     LZRUSM     LPVCAI  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ -           30       3,412       840       293       -           166       190  

Realized gain (loss) on investments

      (2,525 )      -           (20,246 )      (10,982 )      (1,363 )      (8,285 )      (36 )      (33 ) 

Change in unrealized gain (loss) on investments

      (7,048 )      7,048       19,972       55,989       6,923       55,633       1,464       3,809  

Reinvested capital gains

      -           88       5,000       -           11,204       3,629       1,955       358  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (9,573 )      7,166       8,138       45,847       17,057       50,977       3,549       4,324  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           -           555       1,300       -           -      

Transfers between funds

      (59,197 )      61,610       67,221       13,458       8,453       (39,277 )      -           -      

Redemptions (notes 2, 3, and 4)

      -           (8 )      (107,312 )      (36,653 )      (3,979 )      (22,842 )      (702 )      (1,250 ) 

Adjustments to maintain reserves

      -           2       3       1       16       -           (2 )      (2 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (59,197 )      61,604       (40,088 )      (23,194 )      5,045       (60,819 )      (704 )      (1,252 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (68,770 )      68,770       (31,950 )      22,653       22,102       (9,842 )      2,845       3,072  

Contract owners’ equity at beginning of period

      68,770       -           261,598       238,945       161,210       171,052       20,807       17,735  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ -           68,770       229,648       261,598       183,312       161,210       23,652       20,807  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      3,947       -           12,786       14,132       5,089       7,016       750       799  

Units purchased

      -           3,948       9,580       3,366       687       25,835       -           -      

Units redeemed

      (3,947 )      (1 )      (11,996 )      (4,712 )      (356 )      (27,762 )      (28 )      (49 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           3,947       10,370       12,786       5,420       5,089       722       750  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     LPVCII     LPVQD2     LVCLGI     SBVSG2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 3,633       -           254       333       97       788       -           -      

Realized gain (loss) on investments

      131       4,458       (12 )      1       688       244       (35,093 )      (64,016 ) 

Change in unrealized gain (loss) on investments

      66,535       -           (1,647 )      1,943       161,126       23,609       252,428       76,726  

Reinvested capital gains

      2,248       -           -           -           23,977       10,927       89,492       52,464  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      72,547       4,458       (1,405 )      2,277       185,888       35,568       306,827       65,174  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           -           -           -           84,298       21,648  

Transfers between funds

      209,431       (4,458 )      -           -           234,859       152,797       123,917       301,335  

Redemptions (notes 2, 3, and 4)

      (513 )      -           (141 )      (153 )      (1,796 )      (903 )      (15,469 )      (6,984 ) 

Adjustments to maintain reserves

      12       -           (2 )      -           3       1       (15 )      1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      208,930       (4,458 )      (143 )      (153 )      233,066       151,895       192,731       316,000  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      281,477       -           (1,548 )      2,124       418,954       187,463       499,558       381,174  

Contract owners’ equity at beginning of period

      -           -           16,848       14,724       249,609       62,146       861,211       480,037  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 281,477       -           15,300       16,848       668,563       249,609       1,360,769       861,211  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      -           -           1,139       1,150       6,900       2,271       34,350       24,231  

Units purchased

      9,984       8,977       -           -           7,282       4,671       15,112       40,863  

Units redeemed

      (19 )      (8,977 )      (11 )      (11 )      (45 )      (42 )      (11,483 )      (30,744 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      9,965       -           1,128       1,139       14,137       6,900       37,979       34,350  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     SBVHY     LOVBD     LOVCDG     MNCPS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 2,979       3,665       101,486       67,890       3,489       4,854       3,706       5,504  

Realized gain (loss) on investments

      36,152       4,541       38,739       15,575       -           -           227,416       2,591  

Change in unrealized gain (loss) on investments

      2,041       4,423       16,485       (1,978 )      41,239       (1,975 )      89,580       (5,175 ) 

Reinvested capital gains

      -           -           -           -           6,507       11,030       8,751       61,570  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      41,172       12,629       156,710       81,487       51,235       13,909       329,453       64,490  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           24,016       -           -           46,021       10,475  

Transfers between funds

      (35,832 )      (3,489 )      890,750       1,539,548       15,013       315,586       201,988       503,077  

Redemptions (notes 2, 3, and 4)

      (301 )      (76 )      (32,120 )      (7,357 )      (1 )      -           (63,768 )      (72,493 ) 

Adjustments to maintain reserves

      (4 )      -           (5 )      1       (3 )      -           4       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (36,137 )      (3,565 )      858,625       1,556,208       15,009       315,586       184,245       441,059  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      5,035       9,064       1,015,335       1,637,695       66,244       329,495       513,698       505,549  

Contract owners’ equity at beginning of period

      71,263       62,199       1,780,004       142,309       329,495       -           719,233       213,684  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 76,298       71,263       2,795,339       1,780,004       395,739       329,495       1,232,931       719,233  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      2,984       2,979       82,505       7,477       9,575       -           56,967       20,674  

Units purchased

      99,279       23,389       180,974       135,558       389       9,575       133,377       46,169  

Units redeemed

      (99,286 )      (23,384 )      (142,732 )      (60,530 )      -           -           (118,383 )      (9,876 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      2,977       2,984       120,747       82,505       9,964       9,575       71,961       56,967  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     MEGSS     MNDSC      MVFSC     DTRTFY  
     2020     2019     2020     2019      2020     2019     2020     2019  

Investment activity:

                  

Net investment income (loss)

    $ -           -           -           -            1,442       3,334       36,178       42,409  

Realized gain (loss) on investments

      21,336       3,913       6       -            8,572       10,519       7,140       3,649  

Change in unrealized gain (loss) on investments

      36,057       20,482       4,878       -            (2,961 )      17,095       9,885       6,289  

Reinvested capital gains

      13,573       12,237       523       -            4,847       8,012       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      70,966       36,632       5,407       -            11,900       38,960       53,203       52,347  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                  

Purchase payments received from contract owners (note 4)

      7,159       31,970       12,717       -            52,273       20,340       114,665       109,175  

Transfers between funds

      212,488       10,685       45,212       -            126,966       68,694       113,480       911,335  

Redemptions (notes 2, 3, and 4)

      (19,108 )      (10,716 )      (222 )      -            (10,046 )      (41,618 )      (115,400 )      (133,005 ) 

Adjustments to maintain reserves

      (7 )      -           3       -            5       (1 )      -           (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      200,532       31,939       57,710       -            169,198       47,415       112,745       887,504  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      271,498       68,571       63,117       -            181,098       86,375       165,948       939,851  

Contract owners’ equity at beginning of period

      149,553       80,982       -           -            187,221       100,846       1,400,917       461,066  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 421,051       149,553       63,117       -            368,319       187,221       1,566,865       1,400,917  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                  

Beginning units

      8,008       5,975       -           -            12,594       8,785       130,915       46,005  

Units purchased

      15,859       2,676       3,849       -            21,013       10,090       37,366       98,080  

Units redeemed

      (6,726 )      (643 )      (14 )      -            (9,604 )      (6,281 )      (27,265 )      (13,170 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      17,141       8,008       3,835       -            24,003       12,594       141,016       130,915  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     GVEXD     GVIXY     MCIFD     NVBXD  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 37,969       25,837       39,594       61,674       6,769       8,024       6,458       7,341  

Realized gain (loss) on investments

      98,136       28,730       (70,242 )      16,091       (57,358 )      (3,914 )      7,967       1,053  

Change in unrealized gain (loss) on investments

      195,956       238,720       68,425       247,175       90,714       24,698       8,319       16,433  

Reinvested capital gains

      43,102       59,353       56,503       3,345       30,654       88,326       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      375,163       352,640       94,280       328,285       70,779       117,134       22,744       24,827  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      930,657       212,789       18,730       246,452       33,940       136,418       -           69,083  

Transfers between funds

      865,911       (125,534 )      (238,654 )      71,381       (29,464 )      63,798       (29,469 )      (25,858 ) 

Redemptions (notes 2, 3, and 4)

      (31,476 )      (97,464 )      (117,440 )      (29,976 )      (15,563 )      (39,557 )      (1,134 )      (47,796 ) 

Adjustments to maintain reserves

      64       -           6       1       9       (2 )      (3 )      1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      1,765,156       (10,209 )      (337,358 )      287,858       (11,078 )      160,657       (30,606 )      (4,570 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      2,140,319       342,431       (243,078 )      616,143       59,701       277,791       (7,862 )      20,257  

Contract owners’ equity at beginning of period

      1,458,209       1,115,778       2,014,249       1,398,106       691,917       414,126       332,717       312,460  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 3,598,528       1,458,209       1,771,171       2,014,249       751,618       691,917       324,855       332,717  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      75,474       75,655       163,518       137,994       41,967       31,543       27,759       28,246  

Units purchased

      127,245       28,670       35,693       40,513       8,138       14,259       4,764       7,348  

Units redeemed

      (44,798 )      (28,851 )      (65,318 )      (14,989 )      (9,761 )      (3,835 )      (7,209 )      (7,835 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      157,921       75,474       133,893       163,518       40,344       41,967       25,314       27,759  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     NVDCAP      NVFIY      NVMMV1     NVSIXD  
     2020     2019      2020     2019      2020     2019     2020     2019  

Investment activity:

                   

Net investment income (loss)

    $ -           -            (26 )      -            4,155       4,645       12,482       5,956  

Realized gain (loss) on investments

      (6,966 )      -            410       -            (51 )      (11 )      (92,740 )      (3,967 ) 

Change in unrealized gain (loss) on investments

      -           -            -           -            (6,436 )      1,510       361,983       (63,933 ) 

Reinvested capital gains

      -           -            -           -            -           30,650       54,109       152,456  
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (6,966 )      -            384       -            (2,332 )      36,794       335,834       90,512  
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                   

Purchase payments received from contract owners (note 4)

      -           -            -           -            1,943       4,550       235,165       254,601  

Transfers between funds

      6,986       -            224       -            -           28,042       405,611       47,769  

Redemptions (notes 2, 3, and 4)

      (20 )      -            (608 )      -            (67 )      (27 )      (78,090 )      (4,206 ) 

Adjustments to maintain reserves

      -           -            -           -            1       -           (4 )      1  
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      6,966       -            (384 )      -            1,877       32,565       562,682       298,165  
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      -           -            -           -            (455 )      69,359       898,516       388,677  

Contract owners’ equity at beginning of period

      -           -            -           -            217,080       147,721       655,930       267,253  
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ -           -            -           -            216,625       217,080       1,554,446       655,930  
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                   

Beginning units

      -           -            -           -            18,587       15,680       42,912       21,871  

Units purchased

      23,849       -            14,271       -            171       2,909       56,952       23,169  

Units redeemed

      (23,849 )      -            (14,271 )      -            (9 )      (2 )      (14,704 )      (2,128 ) 
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           -            -           -            18,749       18,587       85,160       42,912  
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     SAMY     TRF      AMCG     AMRI  
     2020     2019     2020     2019      2020     2019     2020     2019  

Investment activity:

                  

Net investment income (loss)

    $ 4,961       6,091       -           -            -           -           591       1,272  

Realized gain (loss) on investments

      -           -           -           -            1,506       13,544       (38,482 )      (6,337 ) 

Change in unrealized gain (loss) on investments

      -           -           31       -            146,641       16,622       12,451       11,598  

Reinvested capital gains

      -           -           -           -            18,933       7,566       -           20,697  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      4,961       6,091       31       -            167,080       37,732       (25,440 )      27,230  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                  

Purchase payments received from contract owners (note 4)

      20,127,573       1,291,601       -           -            -           -           962       5,040  

Transfers between funds

      (12,674,935 )      (642,545 )      4,059       -            190,468       (36,615 )      (27,073 )      (64,755 ) 

Redemptions (notes 2, 3, and 4)

      (212,330 )      (47,219 )      (1 )      -            (2,445 )      (3,441 )      (10,557 )      (3,647 ) 

Adjustments to maintain reserves

      (190 )      -           (7 )      -            7       1       (5 )      1  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      7,240,118       601,837       4,051       -            188,030       (40,055 )      (36,673 )      (63,361 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      7,245,079       607,928       4,082       -            355,110       (2,323 )      (62,113 )      (36,131 ) 

Contract owners’ equity at beginning of period

      607,928       -           -           -            111,734       114,057       120,454       156,585  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 7,853,007       607,928       4,082       -            466,844       111,734       58,341       120,454  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                  

Beginning units

      60,063       -           -           -            2,563       3,473       4,325       6,563  

Units purchased

      4,658,275       576,068       288       -            5,199       589       285       884  

Units redeemed

      (3,944,731 )      (516,005 )      (1 )      -            (112 )      (1,499 )      (2,459 )      (3,122 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      773,607       60,063       287       -            7,650       2,563       2,151       4,325  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     AMTB     NBARMS     NO7TB3     NOTB2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 1,620       2,416       261       46       4,653       3,865       5,311       -      

Realized gain (loss) on investments

      (8,443 )      -           -           -           (2,327 )      104       943       -      

Change in unrealized gain (loss) on investments

      1,622       1,918       179       4,110       1,185       24,018       6,393       -      

Reinvested capital gains

      -           -           2,151       -           6,137       5,390       3,261       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (5,201 )      4,334       2,591       4,156       9,648       33,377       15,908       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           -           -           -           232,458       -      

Transfers between funds

      7,861       3,274       -           -           (9,899 )      14,059       10,957       -      

Redemptions (notes 2, 3, and 4)

      (54,992 )      (55 )      (2 )      (7 )      (3,621 )      (2,346 )      (48,222 )      -      

Adjustments to maintain reserves

      4       1       3       (1 )      4       (1 )      (5 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (47,127 )      3,220       1       (8 )      (13,516 )      11,712       195,188       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (52,328 )      7,554       2,592       4,148       (3,868 )      45,089       211,096       -      

Contract owners’ equity at beginning of period

      122,647       115,093       31,381       27,233       260,542       215,453       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 70,319       122,647       33,973       31,381       256,674       260,542       211,096       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      9,443       9,188       2,975       2,976       22,546       21,463       -           -      

Units purchased

      41,838       259       -           -           -           1,298       16,922       -      

Units redeemed

      (46,048 )      (4 )      -           (1 )      (1,473 )      (215 )      (3,340 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      5,233       9,443       2,975       2,975       21,073       22,546       13,582       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     NOTBBA     NOVPDI     NOVPM     PMUBAM  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 180       315       353       804       10       47       1,407       10,511  

Realized gain (loss) on investments

      -           -           (23,326 )      (116 )      -           -           (188 )      (567 ) 

Change in unrealized gain (loss) on investments

      5       (105 )      10,507       (2,360 )      (559 )      403       666       5,882  

Reinvested capital gains

      -           -           -           -           475       -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      185       210       (12,466 )      (1,672 )      (74 )      450       1,885       15,826  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           -           -           -           -           4,681  

Transfers between funds

      524       -           (37,263 )      -           -           -           (3,042 )      (461,219 ) 

Redemptions (notes 2, 3, and 4)

      -           -           (112 )      (506 )      (1 )      (4 )      (484 )      (2,250 ) 

Adjustments to maintain reserves

      (2 )      -           5       -           10       -           (5 )      1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      522       -           (37,370 )      (506 )      9       (4 )      (3,531 )      (458,787 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      707       210       (49,836 )      (2,178 )      (65 )      446       (1,646 )      (442,961 ) 

Contract owners’ equity at beginning of period

      7,332       7,122       56,597       58,775       6,163       5,717       19,281       462,242  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 8,039       7,332       6,761       56,597       6,098       6,163       17,635       19,281  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      673       673       3,804       3,838       304       304       1,546       38,888  

Units purchased

      48       -           -           -           -           -           9,274       430  

Units redeemed

      -           -           (3,314 )      (34 )      -           -           (9,471 )      (37,772 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      721       673       490       3,804       304       304       1,349       1,546  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     PMVAAA     PMVEBA     PMVFHA     PMVGBA  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 1,907       25       17,635       17,636       32,988       8,709       2,866       1,261  

Realized gain (loss) on investments

      (891 )      3       1,524       40,786       494       1,222       (1,452 )      (176 ) 

Change in unrealized gain (loss) on investments

      5,474       17       45       7,733       (5,003 )      18,056       10,528       2,230  

Reinvested capital gains

      -           -           -           -           -           3,449       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      6,490       45       19,204       66,155       28,479       31,436       11,942       3,315  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      15,823       25,729       7,155       79,349       37,177       5,590       -           44,719  

Transfers between funds

      (5,542 )      -           (22,094 )      (17,852 )      (58,254 )      152,521       21,227       33,035  

Redemptions (notes 2, 3, and 4)

      (454 )      (187 )      (6,466 )      (49,832 )      (5,147 )      (8,874 )      (2,834 )      (5,600 ) 

Adjustments to maintain reserves

      1       -           5       (142 )      (9 )      (1 )      -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      9,828       25,542       (21,400 )      11,523       (26,233 )      149,236       18,393       72,154  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      16,318       25,587       (2,196 )      77,678       2,246       180,672       30,335       75,469  

Contract owners’ equity at beginning of period

      25,587       -           332,502       254,824       550,508       369,836       111,908       36,439  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 41,905       25,587       330,306       332,502       552,754       550,508       142,243       111,908  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      1,336       -           14,729       12,949       26,500       19,050       6,476       2,238  

Units purchased

      7,815       1,345       123,321       97,684       5,496       11,289       3,279       4,570  

Units redeemed

      (7,126 )      (9 )      (124,338 )      (95,904 )      (6,789 )      (3,839 )      (2,280 )      (332 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      2,025       1,336       13,712       14,729       25,207       26,500       7,475       6,476  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     PMVHYA     PMVID     PMVLDA     PMVLGA  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 16,654       21,045       174,771       75,250       16,300       12,190       7,770       2,573  

Realized gain (loss) on investments

      9,208       22,845       (10,080 )      (346 )      1,525       (205 )      26,305       (311 ) 

Change in unrealized gain (loss) on investments

      1,713       13,373       48,486       94,675       25,168       2,238       (23,208 )      12,955  

Reinvested capital gains

      -           -           11,514       -           -           -           5,088       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      27,575       57,263       224,691       169,579       42,993       14,223       15,955       15,217  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      5,705       90,630       51,198       382,489       3,565       51,160       -           -      

Transfers between funds

      (65,535 )      (14,145 )      (488,110 )      2,734,050       350,396       800,515       365,369       (18 ) 

Redemptions (notes 2, 3, and 4)

      (2,195 )      (3,855 )      (178,982 )      (41,918 )      (2,345 )      (460 )      (2,548 )      (33 ) 

Adjustments to maintain reserves

      (17 )      -           10       (6 )      -           (3 )      (15 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (62,042 )      72,630       (615,884 )      3,074,615       351,616       851,212       362,806       (51 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (34,467 )      129,893       (391,193 )      3,244,194       394,609       865,435       378,761       15,166  

Contract owners’ equity at beginning of period

      441,951       312,058       4,260,181       1,015,987       1,061,158       195,723       129,287       114,121  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 407,484       441,951       3,868,988       4,260,181       1,455,767       1,061,158       508,048       129,287  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      19,248       15,592       342,844       88,768       71,338       13,688       5,490       5,491  

Units purchased

      77,515       42,250       42,557       261,831       35,118       59,001       35,486       225  

Units redeemed

      (79,980 )      (38,594 )      (93,074 )      (7,755 )      (11,431 )      (1,351 )      (22,599 )      (226 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      16,783       19,248       292,327       342,844       95,025       71,338       18,377       5,490  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     PMVRRA     PMVRSA     PMVTRA     PVSTA  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 8,920       5,007       1,725       1,443       50,470       43,762       12,170       36,781  

Realized gain (loss) on investments

      29,101       31       (4,394 )      (1,864 )      13,438       834       (3,225 )      (3,747 ) 

Change in unrealized gain (loss) on investments

      23,375       19,149       2,312       4,157       92,309       67,693       10,113       6,277  

Reinvested capital gains

      -           -           -           -           27,144       -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      61,396       24,187       (357 )      3,736       183,361       112,289       19,058       39,311  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      1,882       2,340       -           -           2,145,445       201,228       44,909       59,551  

Transfers between funds

      1,000,120       (4,316 )      (6,688 )      (9,647 )      601,221       114,613       (421,073 )      1,281,312  

Redemptions (notes 2, 3, and 4)

      (4,735 )      (1,038 )      (563 )      (757 )      (14,700 )      (9,904 )      (26,525 )      (1,209,271 ) 

Adjustments to maintain reserves

      6       -           3       -           (5 )      -           (7 )      2  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      997,273       (3,014 )      (7,248 )      (10,404 )      2,731,961       305,937       (402,696 )      131,594  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      1,058,669       21,173       (7,605 )      (6,668 )      2,915,322       418,226       (383,638 )      170,905  

Contract owners’ equity at beginning of period

      308,280       287,107       31,384       38,052       1,713,292       1,295,066       1,398,462       1,227,557  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 1,366,949       308,280       23,779       31,384       4,628,614       1,713,292       1,014,824       1,398,462  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      18,051       18,229       4,721       6,378       85,647       70,149       99,307       89,609  

Units purchased

      82,966       596       744       20       148,370       21,490       27,387       106,688  

Units redeemed

      (29,370 )      (774 )      (1,936 )      (1,677 )      (21,052 )      (5,992 )      (56,210 )      (96,990 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      71,647       18,051       3,529       4,721       212,965       85,647       70,484       99,307  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     PROA30     PROBIO     PROBL     PROCS  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 99       390       8       -           -           -           -           -      

Realized gain (loss) on investments

      24,084       (1,607 )      60       2       926       273       -           808  

Change in unrealized gain (loss) on investments

      (3,723 )      38,783       (924 )      -           -           -           (4,609 )      11,835  

Reinvested capital gains

      906       -           3,155       -           -           -           27,651       2,730  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      21,366       37,566       2,299       2       926       273       23,042       15,373  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           -           -           -           -           -      

Transfers between funds

      (164,727 )      (16,402 )      36,921       (2 )      (922 )      (273 )      10,172       -      

Redemptions (notes 2, 3, and 4)

      -           -           (153 )      -           (4 )      -           -           (19,947 ) 

Adjustments to maintain reserves

      (3 )      1       (5 )      -           -           -           (8 )      (2 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (164,730 )      (16,401 )      36,763       (2 )      (926 )      (273 )      10,164       (19,949 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (143,364 )      21,165       39,062       -           -           -           33,206       (4,576 ) 

Contract owners’ equity at beginning of period

      163,534       142,369       -           -           -           -           67,937       72,513  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 20,170       163,534       39,062       -           -           -           101,143       67,937  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      12,177       13,389       -           -           -           -           1,994       2,653  

Units purchased

      2,390       1,002       1,358       17       3,190       658       319       -      

Units redeemed

      (13,459 )      (2,214 )      (472 )      (17 )      (3,190 )      (658 )      -           (659 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      1,108       12,177       886       -           -           -           2,313       1,994  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     PROEM     PROFIN     PROGMM     PROGVP  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 46       35       -           573       38       1,560       -           4  

Realized gain (loss) on investments

      52       (598 )      (13,810 )      3,768       -           -           (2,968 )      (1,111 ) 

Change in unrealized gain (loss) on investments

      2,054       2,252       (10,866 )      18,535       -           -           -           -      

Reinvested capital gains

      -           -           -           5,380       -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      2,152       1,689       (24,676 )      28,256       38       1,560       (2,968 )      (1,107 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      3,582       -           -           -           (2 )      493,711       -           -      

Transfers between funds

      5,420       (2,429 )      (76,545 )      (18,837 )      (11,196 )      (848,981 )      2,968       1,181  

Redemptions (notes 2, 3, and 4)

      (726 )      (383 )      (7 )      (19,000 )      (109,157 )      (4,301 )      -           (73 ) 

Adjustments to maintain reserves

      4       (2 )      2       (2 )      2       -           -           (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      8,280       (2,814 )      (76,550 )      (37,839 )      (120,353 )      (359,571 )      2,968       1,107  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      10,432       (1,125 )      (101,226 )      (9,583 )      (120,315 )      (358,011 )      -           -      

Contract owners’ equity at beginning of period

      8,049       9,174       101,226       110,809       120,751       478,762       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 18,481       8,049       -           101,226       436       120,751       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      730       1,033       4,082       5,821       11,915       47,604       -           -      

Units purchased

      786       76       1,177       -           10,729       99,249       3,528       758  

Units redeemed

      (194 )      (379 )      (5,259 )      (1,739 )      (22,601 )      (134,938 )      (3,528 )      (758 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      1,322       730       -           4,082       43       11,915       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     PROHC     PROIND     PROJP     PROLCG  
     2020      2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                  

Net investment income (loss)

    $ -            -           50       -           46       86       -           -      

Realized gain (loss) on investments

      -            (1,720 )      625       (28,647 )      (3,000 )      7       81,132       22,778  

Change in unrealized gain (loss) on investments

      69        4,867       2,420       4,952       (1,414 )      9,775       (24,803 )      61,725  

Reinvested capital gains

      1,139        -           549       33,989       -           -           12,894       81,706  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      1,208        3,147       3,644       10,294       (4,368 )      9,868       69,223       166,209  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                  

Purchase payments received from contract owners (note 4)

      -            -           -           -           -           -           -           -      

Transfers between funds

      17,546        (58,280 )      (1,496 )      53,914       (31,237 )      15,734       (521,809 )      873,490  

Redemptions (notes 2, 3, and 4)

      -            -           (7,075 )      (50,455 )      (772 )      (324 )      (6,326 )      (35 ) 

Adjustments to maintain reserves

      18        -           (13 )      1       (8 )      -           (4 )      (1 ) 
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      17,564        (58,280 )      (8,584 )      3,460       (32,017 )      15,410       (528,139 )      873,454  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      18,772        (55,133 )      (4,940 )      13,754       (36,385 )      25,278       (458,916 )      1,039,663  

Contract owners’ equity at beginning of period

      -            55,133       29,894       16,140       68,056       42,778       1,039,663       -      
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 18,772        -           24,954       29,894       31,671       68,056       580,747       1,039,663  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                  

Beginning units

      -            1,894       1,056       744       3,657       2,758       32,402       -      

Units purchased

      472        -           -           22,573       613       917       39,109       83,486  

Units redeemed

      -            (1,894 )      (301 )      (22,261 )      (2,802 )      (18 )      (57,687 )      (51,084 ) 
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      472        -           755       1,056       1,468       3,657       13,824       32,402  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     PROMC     PROMCV     PRON     PRONET  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 552       85       364       223       -           -           -           -      

Realized gain (loss) on investments

      (1,644 )      (17,479 )      (3,635 )      (38 )      8,521       16,159       42,533       5,247  

Change in unrealized gain (loss) on investments

      (4,929 )      28,739       (3,646 )      5,842       14,947       27,906       40,807       (2,649 ) 

Reinvested capital gains

      17,057       -           7,285       3,689       3,824       2,181       85,029       2,981  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      11,036       11,345       368       9,716       27,292       46,246       168,369       5,579  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           -           (50 )      -           -           -      

Transfers between funds

      (4,747 )      (26,413 )      (19,455 )      97,462       114,735       (219,496 )      65,189       98,839  

Redemptions (notes 2, 3, and 4)

      (452 )      (830 )      (28 )      (228 )      (10,289 )      (31,560 )      (1,969 )      (38 ) 

Adjustments to maintain reserves

      6       (1 )      (9 )      (1 )      (22 )      1       25       1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (5,193 )      (27,244 )      (19,492 )      97,233       104,374       (251,055 )      63,245       98,802  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      5,843       (15,899 )      (19,124 )      106,949       131,666       (204,809 )      231,614       104,381  

Contract owners’ equity at beginning of period

      59,481       75,380       124,440       17,491       46,928       251,737       137,019       32,638  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 65,324       59,481       105,316       124,440       178,594       46,928       368,633       137,019  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      2,525       3,953       5,280       921       1,161       8,513       3,600       1,012  

Units purchased

      4,299       2,017       -           4,370       4,408       22,734       14,396       7,915  

Units redeemed

      (4,320 )      (3,445 )      (912 )      (11 )      (2,534 )      (30,086 )      (11,575 )      (5,327 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      2,504       2,525       4,368       5,280       3,035       1,161       6,421       3,600  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     PROOG      PROPM     PRORE     PROSC  
     2020     2019      2020     2019     2020     2019     2020     2019  

Investment activity:

                  

Net investment income (loss)

    $ -           -            67       73       60       690       28       -      

Realized gain (loss) on investments

      1,903       -            158,186       6,153       (801 )      769       1,304       (1 ) 

Change in unrealized gain (loss) on investments

      -           -            (91,240 )      78,520       (352 )      352       7,813       2,777  

Reinvested capital gains

      -           -            -           -           211       325       1,772       -      
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      1,903       -            67,013       84,746       (882 )      2,136       10,917       2,776  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                  

Purchase payments received from contract owners (note 4)

      -           -            -           -           -           -           -           -      

Transfers between funds

      (1,784 )      -            (412,641 )      236,168       (7,090 )      5,835       (5,315 )      39,712  

Redemptions (notes 2, 3, and 4)

      (119 )      -            (1,719 )      (11,079 )      -           -           (418 )      (111 ) 

Adjustments to maintain reserves

      -           -            1       (1 )      -           1       (13 )      -      
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (1,903 )      -            (414,359 )      225,088       (7,090 )      5,836       (5,746 )      39,601  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      -           -            (347,346 )      309,834       (7,972 )      7,972       5,171       42,377  

Contract owners’ equity at beginning of period

      -           -            383,025       73,191       7,972       -           42,377       -      
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ -           -            35,679       383,025       -           7,972       47,548       42,377  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                  

Beginning units

      -           -            68,134       19,005       352       -           1,897       -      

Units purchased

      4,523       -            18,788       55,957       -           4,265       463       1,902  

Units redeemed

      (4,523 )      -            (81,808 )      (6,828 )      (352 )      (3,913 )      (542 )      (5 ) 
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           -            5,114       68,134       -           352       1,818       1,897  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     PROSCG     PROSCN     PROSCV     PROTEC  
     2020     2019     2020      2019     2020     2019     2020     2019  

Investment activity:

                  

Net investment income (loss)

    $ -           -           377        205       4       -           -           -      

Realized gain (loss) on investments

      (420 )      (7,520 )      -            -           (549 )      (1,260 )      2,618       253  

Change in unrealized gain (loss) on investments

      470       16,011       37,374        23,257       (3,415 )      7,172       (1,085 )      1,085  

Reinvested capital gains

      1,975       17,974       7,330        5,962       1,815       -           1,048       233  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      2,025       26,465       45,081        29,424       (2,145 )      5,912       2,581       1,571  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                  

Purchase payments received from contract owners (note 4)

      -           -           -            -           -           -           -           -      

Transfers between funds

      -           (131,480 )      10,172        -           (10,728 )      2,157       (11,294 )      7,142  

Redemptions (notes 2, 3, and 4)

      (2,258 )      (2,004 )      -            (9 )      (2,174 )      (2,135 )      -           -      

Adjustments to maintain reserves

      5       1       2        -           6       (1 )      -           -      
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (2,253 )      (133,483 )      10,174        (9 )      (12,896 )      21       (11,294 )      7,142  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (228 )      (107,018 )      55,255        29,415       (15,041 )      5,933       (8,713 )      8,713  

Contract owners’ equity at beginning of period

      18,356       125,374       88,534        59,119       31,245       25,312       8,713       -      
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 18,128       18,356       143,789        88,534       16,204       31,245       -           8,713  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                  

Beginning units

      649       5,280       2,240        2,241       1,349       1,339       229       -      

Units purchased

      -           1,711       272        -           -           1,780       122       520  

Units redeemed

      (103 )      (6,342 )      -            (1 )      (657 )      (1,770 )      (351 )      (291 ) 
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      546       649       2,512        2,240       692       1,349       -           229  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     PROTEL     PROUN     PROUSC     PROUTL  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ -           352       -           -           -           -           293       -      

Realized gain (loss) on investments

      (2,119 )      (24 )      3,053       2,551       1,175       (105 )      522       71  

Change in unrealized gain (loss) on investments

      1,815       1,103       -           -           -           -           (5,192 )      153  

Reinvested capital gains

      -           -           -           -           -           -           4,091       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (304 )      1,431       3,053       2,551       1,175       (105 )      (286 )      224  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           -           -           -           -           -           19,522  

Transfers between funds

      (10,712 )      -           (1,356 )      (2,551 )      (1,175 )      111       (183 )      (37 ) 

Redemptions (notes 2, 3, and 4)

      (10 )      (117 )      (1,696 )      -           -           (7 )      (3 )      (47 ) 

Adjustments to maintain reserves

      -           -           (1 )      -           -           1       (6 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (10,722 )      (117 )      (3,053 )      (2,551 )      (1,175 )      105       (192 )      19,438  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (11,026 )      1,314       -           -           -           -           (478 )      19,662  

Contract owners’ equity at beginning of period

      11,026       9,712       -           -           -           -           19,662       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ -           11,026       -           -           -           -           19,184       19,662  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      664       671       -           -           -           -           734       -      

Units purchased

      -           1       1,264       1,589       876       5,433       254       987  

Units redeemed

      (664 )      (8 )      (1,264 )      (1,589 )      (876 )      (5,433 )      (254 )      (253 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           664       -           -           -           -           734       734  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     PVAGIB     PVDIB     PVEIB     PVHYB  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 8,661       2,743       3,408       1,500       11,187       10,719       -           -      

Realized gain (loss) on investments

      (2,692 )      441       (893 )      27       (37,668 )      2,493       11,852       2,607  

Change in unrealized gain (loss) on investments

      (10,343 )      10,964       (3,381 )      3,795       (12,072 )      93,407       (350 )      1,550  

Reinvested capital gains

      -           -           -           -           45,044       45,809       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (4,374 )      14,148       (866 )      5,322       6,491       152,428       11,502       4,157  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           114,365       -           -           27,004       48,033       -           -      

Transfers between funds

      (128,516 )      (32,717 )      (7,197 )      7,163       (92,868 )      111,457       25,360       65,893  

Redemptions (notes 2, 3, and 4)

      (488 )      (1,149 )      (550 )      (20,327 )      (5,357 )      (34,662 )      (83 )      (90 ) 

Adjustments to maintain reserves

      -           1       2       1       40       (1 )      (8 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (129,004 )      80,500       (7,745 )      (13,163 )      (71,181 )      124,827       25,269       65,803  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (133,378 )      94,648       (8,611 )      (7,841 )      (64,690 )      277,255       36,771       69,960  

Contract owners’ equity at beginning of period

      133,378       38,730       48,040       55,881       759,510       482,255       69,960       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ -           133,378       39,429       48,040       694,820       759,510       106,731       69,960  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      10,522       3,458       3,372       4,363       25,493       21,109       4,160       -      

Units purchased

      437       9,995       -           538       6,280       7,998       125,097       74,829  

Units redeemed

      (10,959 )      (2,931 )      (579 )      (1,529 )      (9,730 )      (3,614 )      (123,225 )      (70,669 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           10,522       2,793       3,372       22,043       25,493       6,032       4,160  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     PVIB     PVNOB      RWMVN     ROCMC  
     2020     2019     2020     2019      2020      2019     2020     2019  

Investment activity:

                   

Net investment income (loss)

    $ 22,347       2,211       -           -            330        77       -           -      

Realized gain (loss) on investments

      1,136       (1 )      6       -            -            -           38       (706 ) 

Change in unrealized gain (loss) on investments

      (333 )      4,708       245       -            546        423       27,305       7,446  

Reinvested capital gains

      4,147       487       -           -            -            -           1,936       10,888  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      27,297       7,405       251       -            876        500       29,279       17,628  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

Equity transactions:

                   

Purchase payments received from contract owners (note 4)

      227,359       138,393       -           -            -            -           -           -      

Transfers between funds

      4,934       109,200       3,204       -            1,836        -           1,961       31,074  

Redemptions (notes 2, 3, and 4)

      (3,899 )      (111 )      (131 )      -            -            -           (1,831 )      (4,567 ) 

Adjustments to maintain reserves

      5       -           4       -            5        (1 )      (11 )      (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

Net equity transactions

      228,399       247,482       3,077       -            1,841        (1 )      119       26,506  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      255,696       254,887       3,328       -            2,717        499       29,398       44,134  

Contract owners’ equity at beginning of period

      320,797       65,910       -           -            6,234        5,735       121,156       77,022  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 576,493       320,797       3,328       -            8,951        6,234       150,554       121,156  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                   

Beginning units

      21,307       4,898       -           -            528        528       5,090       3,868  

Units purchased

      17,466       16,417       246       -            159        -           119       1,999  

Units redeemed

      (2,557 )      (8 )      (9 )      -            -            -           (100 )      (777 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

Ending units

      36,216       21,307       237       -            687        528       5,109       5,090  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     ROCSC     TRBCG2     TREI2     TRHS2  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 916       1,252       -           -           1,471       1,069       -           -      

Realized gain (loss) on investments

      (32,378 )      (115 )      111,619       1,629       (2,207 )      (10,033 )      97,808       (22,890 ) 

Change in unrealized gain (loss) on investments

      (7,588 )      1,859       703,696       295,339       2,503       20,164       122,824       93,047  

Reinvested capital gains

      1,668       22,462       117,572       50,236       1,999       4,742       53,326       16,483  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (37,382 )      25,458       932,887       347,204       3,766       15,942       273,958       86,640  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      3,361       23,525       229,072       207,263       10,396       20,552       81,204       91,391  

Transfers between funds

      (29,668 )      92,999       588,887       410,832       2,425       (33,869 )      245,934       (225,850 ) 

Redemptions (notes 2, 3, and 4)

      (30,947 )      (6,128 )      (51,532 )      (78,545 )      (2,727 )      (2,110 )      (43,138 )      (6,655 ) 

Adjustments to maintain reserves

      5       -           46       -           10       -           35       1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (57,249 )      110,396       766,473       539,550       10,104       (15,427 )      284,035       (141,113 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (94,631 )      135,854       1,699,360       886,754       13,870       515       557,993       (54,473 ) 

Contract owners’ equity at beginning of period

      194,096       58,242       1,930,294       1,043,540       80,056       79,541       376,149       430,622  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 99,465       194,096       3,629,654       1,930,294       93,926       80,056       934,142       376,149  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      6,934       2,469       47,006       32,929       3,282       4,110       5,855       8,622  

Units purchased

      597       9,004       42,929       49,127       1,543       2,146       11,742       3,717  

Units redeemed

      (3,704 )      (4,539 )      (23,932 )      (35,050 )      (1,011 )      (2,974 )      (6,349 )      (6,484 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      3,827       6,934       66,003       47,006       3,814       3,282       11,248       5,855  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     TRLT2     TPVSGP     VVGGS     VWBF  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 6,893       12,799       85       117       2,364       -           498       86  

Realized gain (loss) on investments

      12,071       657       (4 )      (1 )      13,570       (14,343 )      (885 )      (1,452 ) 

Change in unrealized gain (loss) on investments

      (1,314 )      9,927       630       2,473       (2,950 )      9,199       212       1,997  

Reinvested capital gains

      -           -           784       158       -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      17,650       23,383       1,495       2,747       12,984       (5,144 )      (175 )      631  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      3,834       120,081       -           -           (993 )      -           -           -      

Transfers between funds

      (376,276 )      42,572       -           -           19,032       (35,189 )      1,480       1,019  

Redemptions (notes 2, 3, and 4)

      (14,294 )      (17,085 )      (149 )      (150 )      (253 )      (1,686 )      (2 )      (19,102 ) 

Adjustments to maintain reserves

      -           (1 )      5       -           2       -           5       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (386,736 )      145,567       (144 )      (150 )      17,788       (36,875 )      1,483       (18,083 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (369,086 )      168,950       1,351       2,597       30,772       (42,019 )      1,308       (17,452 ) 

Contract owners’ equity at beginning of period

      729,697       560,747       16,520       13,923       -           42,019       6,350       23,802  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 360,611       729,697       17,871       16,520       30,772       -           7,658       6,350  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      56,621       45,295       1,016       1,026       -           5,534       411       1,735  

Units purchased

      6,303       14,260       -           -           26,529       7,586       1,887       1,814  

Units redeemed

      (36,137 )      (2,934 )      (9 )      (10 )      (24,422 )      (13,120 )      (1,843 )      (3,138 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      26,787       56,621       1,007       1,016       2,107       -           455       411  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     VWEM     VWHA     VVB     VVCA  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 9,534       1,923       67       -           96,937       93,846       1,907       (49 ) 

Realized gain (loss) on investments

      (4,344 )      (24,367 )      (6 )      (2 )      2,980       (6,201 )      281       16  

Change in unrealized gain (loss) on investments

      72,469       126,098       11,943       851       149,700       433,227       45,624       1,769  

Reinvested capital gains

      14,319       9,530       -           -           131,340       207,407       1,656       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      91,978       113,184       12,004       849       380,957       728,279       49,468       1,736  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      10,737       -           -           -           164,947       (15,997 )      28,959       48,906  

Transfers between funds

      36,497       (941 )      57,594       -           (257,544 )      1,497,780       359,172       45,008  

Redemptions (notes 2, 3, and 4)

      (5,847 )      (55,408 )      (41 )      (5 )      (373,836 )      (148,923 )      (7,943 )      (1,655 ) 

Adjustments to maintain reserves

      61       1       4       -           4       -           2       (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      41,448       (56,348 )      57,557       (5 )      (466,429 )      1,332,860       380,190       92,258  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      133,426       56,836       69,561       844       (85,472 )      2,061,139       429,658       93,994  

Contract owners’ equity at beginning of period

      448,640       391,804       8,001       7,157       4,577,338       2,516,199       93,994       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 582,066       448,640       77,562       8,001       4,491,866       4,577,338       523,652       93,994  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      13,505       15,403       471       471       280,365       188,301       8,780       -      

Units purchased

      4,789       5,926       3,361       -           94,439       151,338       35,830       8,939  

Units redeemed

      (3,350 )      (7,824 )      (2 )      -           (125,600 )      (59,274 )      (722 )      (159 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      14,944       13,505       3,830       471       249,204       280,365       43,888       8,780  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     VVCG     VVDV     VVEI     VVEIX  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 13,654       11,114       7,033       12,549       53,127       29,049       60,372       53,499  

Realized gain (loss) on investments

      21,224       79,231       (41,648 )      (11,761 )      (70,886 )      2,235       268,986       67,788  

Change in unrealized gain (loss) on investments

      194,065       162,322       182,704       59,831       (16,858 )      237,664       575,939       698,994  

Reinvested capital gains

      36,007       34,456       56,158       26,890       73,203       80,110       84,587       81,224  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      264,950       287,123       204,247       87,509       38,586       349,058       989,884       901,505  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      8,346       46,317       -           -           287,479       560,506       408,923       606,659  

Transfers between funds

      153,536       (225,625 )      459,119       (117,533 )      (200,952 )      294,363       341,810       4,887  

Redemptions (notes 2, 3, and 4)

      (29,742 )      (4,023 )      (29,298 )      (6,413 )      (52,551 )      (57,659 )      (190,754 )      (77,077 ) 

Adjustments to maintain reserves

      (8 )      (2 )      (1 )      -           7       (1 )      49       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      132,132       (183,333 )      429,820       (123,946 )      33,983       797,209       560,028       534,469  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      397,082       103,790       634,067       (36,437 )      72,569       1,146,267       1,549,912       1,435,974  

Contract owners’ equity at beginning of period

      1,253,364       1,149,574       378,563       415,000       2,372,738       1,226,471       4,141,284       2,705,310  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 1,650,446       1,253,364       1,012,630       378,563       2,445,307       2,372,738       5,691,196       4,141,284  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      58,515       67,721       24,467       33,630       134,508       86,295       213,966       183,067  

Units purchased

      17,080       5,056       41,994       817       43,745       55,754       110,647       53,698  

Units redeemed

      (9,839 )      (14,262 )      (7,764 )      (9,980 )      (43,657 )      (7,541 )      (75,225 )      (22,799 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      65,756       58,515       58,697       24,467       134,596       134,508       249,388       213,966  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     VVG     VVGBI     VVHGB     VVHYB  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 562       88       1,703       (81 )      206,692       111,355       72,678       38,684  

Realized gain (loss) on investments

      16,690       17,189       328       121       90,473       (12,491 )      (23,118 )      (4,778 ) 

Change in unrealized gain (loss) on investments

      702,806       124,268       6,109       445       357,698       358,380       7,036       109,153  

Reinvested capital gains

      83,579       55,895       499       -           -           -           -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      803,637       197,440       8,639       485       654,863       457,244       56,596       143,059  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      288,854       585,070       34,874       97,029       1,931,637       2,155,257       236,473       121,810  

Transfers between funds

      681,610       200,621       32,701       40,435       886,430       1,638,240       (162,295 )      639,801  

Redemptions (notes 2, 3, and 4)

      (129,417 )      (97,409 )      (2,309 )      (4,018 )      (459,919 )      (303,736 )      (74,463 )      (23,749 ) 

Adjustments to maintain reserves

      20       -           3       -           38       2       (4 )      (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      841,067       688,282       65,269       133,446       2,358,186       3,489,763       (289 )      737,861  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      1,644,704       885,722       73,908       133,931       3,013,049       3,947,007       56,307       880,920  

Contract owners’ equity at beginning of period

      1,358,587       472,865       133,931       -           8,386,306       4,439,299       1,514,922       634,002  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 3,003,291       1,358,587       207,839       133,931       11,399,355       8,386,306       1,571,229       1,514,922  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      64,371       29,907       12,751       -           697,348       400,159       111,672       53,926  

Units purchased

      52,570       45,071       6,472       13,135       341,021       400,214       48,554       74,813  

Units redeemed

      (17,248 )      (10,607 )      (626 )      (384 )      (155,071 )      (103,025 )      (50,346 )      (17,067 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      99,693       64,371       18,597       12,751       883,298       697,348       109,880       111,672  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     VVI     VVMCI     VVREI     VVSCG  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 45,123       33,114       23,313       11,771       28,179       25,102       2,058       1,701  

Realized gain (loss) on investments

      51,119       37,710       (30,995 )      876       (24,298 )      (13,916 )      (55,651 )      (8,686 ) 

Change in unrealized gain (loss) on investments

      2,336,009       722,808       255,074       194,673       (94,579 )      198,621       89,802       85,509  

Reinvested capital gains

      105,825       90,352       105,097       75,436       19,716       50,605       49,730       73,712  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      2,538,076       883,984       352,489       282,756       (70,982 )      260,412       85,939       152,236  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      527,465       472,466       418,878       419,381       22,529       115,828       -           -      

Transfers between funds

      270,271       731,333       163,866       271,736       37,501       127,190       (97,746 )      41,530  

Redemptions (notes 2, 3, and 4)

      (344,838 )      (108,443 )      (110,490 )      (37,098 )      (14,845 )      (15,481 )      (14,627 )      (55,291 ) 

Adjustments to maintain reserves

      (5 )      (2 )      26       2       4       2       (8 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      452,893       1,095,354       472,280       654,021       45,189       227,539       (112,381 )      (13,761 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      2,990,969       1,979,338       824,769       936,777       (25,793 )      487,951       (26,442 )      138,475  

Contract owners’ equity at beginning of period

      4,466,174       2,486,836       1,745,425       808,648       1,335,121       847,170       699,005       560,530  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 7,457,143       4,466,174       2,570,194       1,745,425       1,309,328       1,335,121       672,563       699,005  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      289,901       211,283       100,321       60,675       73,928       60,271       41,682       42,713  

Units purchased

      90,016       103,636       47,012       44,312       25,524       34,176       1,170       4,950  

Units redeemed

      (71,976 )      (25,018 )      (21,904 )      (4,666 )      (23,064 )      (20,519 )      (10,213 )      (5,981 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      307,941       289,901       125,429       100,321       76,388       73,928       32,639       41,682  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     VVSTC     VVTISI     VVTSM     VRVDIA  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 117,713       87,101       5,921       (220 )      79,651       50,793       -           -      

Realized gain (loss) on investments

      15,217       3,862       4,883       (35 )      216,069       68,521       4,212       -      

Change in unrealized gain (loss) on investments

      157,345       106,822       158,349       14,693       1,033,506       964,263       -           -      

Reinvested capital gains

      -           -           2,081       -           188,005       112,012       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      290,275       197,785       171,234       14,438       1,517,231       1,195,589       4,212       -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      1,378,544       524,133       176,613       87,466       1,105,541       637,273       -           -      

Transfers between funds

      2,120,007       693,464       578,336       166,889       1,060,963       1,395,735       (3,888 )      -      

Redemptions (notes 2, 3, and 4)

      (162,496 )      (198,182 )      (4,954 )      (2,302 )      (709,180 )      (129,985 )      (324 )      -      

Adjustments to maintain reserves

      (1 )      (1 )      (14 )      2       58       (3 )      -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      3,336,054       1,019,414       749,981       252,055       1,457,382       1,903,020       (4,212 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      3,626,329       1,217,199       921,215       266,493       2,974,613       3,098,609       -           -      

Contract owners’ equity at beginning of period

      4,447,453       3,230,254       266,493       -           6,416,987       3,318,378       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 8,073,782       4,447,453       1,187,708       266,493       9,391,600       6,416,987       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      392,036       300,204       24,759       -           342,110       230,737       -           -      

Units purchased

      339,490       129,100       79,725       24,989       197,763       139,626       3,013       -      

Units redeemed

      (55,215 )      (37,268 )      (4,987 )      (230 )      (123,506 )      (28,253 )      (3,013 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      676,311       392,036       99,497       24,759       416,367       342,110       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     VRVDRA     VRVNMA     SVDF     MGRFV  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 1,246       1,759       16,166       10,292       -           -           -           3,332  

Realized gain (loss) on investments

      (1,058 )      (3,909 )      (20,828 )      44       3,234       30,568       (172 )      19,266  

Change in unrealized gain (loss) on investments

      (2,695 )      14,618       16,957       4,523       104,943       (6,509 )      29,984       (16,111 ) 

Reinvested capital gains

      1,962       10,552       -           -           20,210       45,100       1,180       14,739  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (545 )      23,020       12,295       14,859       128,387       69,159       30,992       21,226  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      -           -           135,100       223,853       -           -           -           46,618  

Transfers between funds

      7,470       13,430       724       21,690       (53,292 )      20,990       101,572       (496,188 ) 

Redemptions (notes 2, 3, and 4)

      (710 )      (8,662 )      (4,299 )      (21,029 )      (5,616 )      (39,199 )      (1,201 )      (3,798 ) 

Adjustments to maintain reserves

      5       -           5       -           (36 )      (1 )      (5 )      -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      6,765       4,768       131,530       224,514       (58,944 )      (18,210 )      100,366       (453,368 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      6,220       27,788       143,825       239,373       69,443       50,949       131,358       (432,142 ) 

Contract owners’ equity at beginning of period

      108,906       81,118       358,382       119,009       242,280       191,331       329,775       761,917  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ 115,126       108,906       502,207       358,382       311,723       242,280       461,133       329,775  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      4,762       4,519       24,049       8,822       4,374       4,802       24,725       60,648  

Units purchased

      494       810       23,960       18,055       219       7,314       8,307       5,078  

Units redeemed

      (143 )      (567 )      (16,375 )      (2,828 )      (1,133 )      (7,742 )      (834 )      (41,001 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      5,113       4,762       31,634       24,049       3,460       4,374       32,198       24,725  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     DVIV     CLVQF2     NVLCAP     PVAAAD  
     2020     2019     2020     2019     2020     2019     2020     2019  

Investment activity:

                 

Net investment income (loss)

    $ 1,900       1,853       4,370       -           872       3,942       2,092       4,856  

Realized gain (loss) on investments

      (23,398 )      5,066       (11,168 )      (83 )      (5,304 )      (60,902 )      (41,461 )      (3,985 ) 

Change in unrealized gain (loss) on investments

      (5,620 )      12,532       11,277       831       (5,926 )      127,093       6,342       11,814  

Reinvested capital gains

      -           -           -           -           3,100       1,460       -           -      
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      (27,118 )      19,451       4,479       748       (7,258 )      71,593       (33,027 )      12,685  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Equity transactions:

                 

Purchase payments received from contract owners (note 4)

      4,473       24       -           -           -           234,423       -           74,321  

Transfers between funds

      (76,348 )      (6,360 )      (153,196 )      18,087       (238,491 )      (684,718 )      (181,640 )      (40,130 ) 

Redemptions (notes 2, 3, and 4)

      (1,213 )      (6,054 )      (3 )      (251 )      -           -           (367 )      (211 ) 

Adjustments to maintain reserves

      -           -           -           1       (2 )      (1 )      -           (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net equity transactions

      (73,088 )      (12,390 )      (153,199 )      17,837       (238,493 )      (450,296 )      (182,007 )      33,979  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change in contract owners’ equity

      (100,206 )      7,061       (148,720 )      18,585       (245,751 )      (378,703 )      (215,034 )      46,664  

Contract owners’ equity at beginning of period

      100,206       93,145       148,720       130,135       245,751       624,454       215,034       168,370  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Contract owners’ equity at end of period

    $ -           100,206       -           148,720       -           245,751       -           215,034  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CHANGE IN UNITS:

                 

Beginning units

      6,226       7,083       17,849       15,684       20,417       62,200       20,631       17,263  

Units purchased

      392       1,171       -           2,489       -           20,417       580       8,722  

Units redeemed

      (6,618 )      (2,028 )      (17,849 )      (324 )      (20,417 )      (62,200 )      (21,211 )      (5,354 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending units

      -           6,226       -           17,849       -           20,417       -           20,631  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     RFSF     RMED     RMEK     RVMCG  
     2020      2019     2020      2019     2020      2019     2020      2019  

Investment activity:

                     

Net investment income (loss)

    $ -            102       -            -           -            -           -            -      

Realized gain (loss) on investments

      -            730       -            526       -            (75,039 )      -            3,056  

Change in unrealized gain (loss) on investments

      -            -           -            -           -            76,434       -            -      

Reinvested capital gains

      -            476       -            -           -            -           -            -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      -            1,308       -            526       -            1,395       -            3,056  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Equity transactions:

                     

Purchase payments received from contract owners (note 4)

      -            -           -            -           -            -           -            -      

Transfers between funds

      -            (1,118 )      -            19,043       -            (172,278 )      -            (3,056 ) 

Redemptions (notes 2, 3, and 4)

      -            (190 )      -            (19,569 )      -            -           -            -      

Adjustments to maintain reserves

      -            -           -            -           -            -           -            -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Net equity transactions

      -            (1,308 )      -            (526 )      -            (172,278 )      -            (3,056 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Net change in contract owners’ equity

      -            -           -            -           -            (170,883 )      -            -      

Contract owners’ equity at beginning of period

      -            -           -            -           -            170,883       -            -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Contract owners’ equity at end of period

    $ -            -           -            -           -            -           -            -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

CHANGE IN UNITS:

                     

Beginning units

      -            -           -            -           -            6,860       -            -      

Units purchased

      -            2,583       -            734       -            -           -            1,410  

Units redeemed

      -            (2,583 )      -            (734 )      -            (6,860 )      -            (1,410 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Ending units

      -            -           -            -           -            -           -            -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     RVSDL     RTEL     AVGI     AMSRS  
     2020      2019     2020      2019     2020      2019     2020      2019  

Investment activity:

                     

Net investment income (loss)

    $ -            -           -            -           -            -           -            599  

Realized gain (loss) on investments

      -            (67 )      -            177       -            3,870       -            (3,831 ) 

Change in unrealized gain (loss) on investments

      -            56       -            -           -            -           -            (133 ) 

Reinvested capital gains

      -            -           -            -           -            -           -            7,982  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      -            (11 )      -            177       -            3,870       -            4,617  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Equity transactions:

                     

Purchase payments received from contract owners (note 4)

      -            -           -            -           -            -           -            -      

Transfers between funds

      -            (2,291 )      -            (118 )      -            (3,870 )      -            (24,524 ) 

Redemptions (notes 2, 3, and 4)

      -            -           -            (59 )      -            -           -            (14 ) 

Adjustments to maintain reserves

      -            -           -            -           -            -           -            1  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Net equity transactions

      -            (2,291 )      -            (177 )      -            (3,870 )      -            (24,537 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Net change in contract owners’ equity

      -            (2,302 )      -            -           -            -           -            (19,920 ) 

Contract owners’ equity at beginning of period

      -            2,302       -            -           -            -           -            19,920  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Contract owners’ equity at end of period

    $ -            -           -            -           -            -           -            -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

CHANGE IN UNITS:

                     

Beginning units

      -            275       -            -           -            -           -            743  

Units purchased

      -            -           -            800       -            14,003       -            9,898  

Units redeemed

      -            (275 )      -            (800 )      -            (14,003 )      -            (10,641 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Ending units

      -            -           -            -           -            -           -            -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     PVGMAA     PMVFBA     LOIOVC     OVGMAS  
     2020      2019     2020      2019     2020      2019     2020      2019  

Investment activity:

                     

Net investment income (loss)

    $ -            -           -            48       -            283       -            249  

Realized gain (loss) on investments

      -            (925 )      -            (2,092 )      -            (50,922 )      -            (582 ) 

Change in unrealized gain (loss) on investments

      -            2,509       -            2,516       -            65,562       -            1,092  

Reinvested capital gains

      -            -           -            -           -            -           -            -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      -            1,584       -            472       -            14,923       -            759  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Equity transactions:

                     

Purchase payments received from contract owners (note 4)

      -            -           -            -           -            -           -            -      

Transfers between funds

      -            (23,203 )      -            -           -            (118,832 )      -            (22,680 ) 

Redemptions (notes 2, 3, and 4)

      -            (41 )      -            (18,966 )      -            (22,887 )      -            (75 ) 

Adjustments to maintain reserves

      -            (1 )      -            1       -            (1 )      -            -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Net equity transactions

      -            (23,245 )      -            (18,965 )      -            (141,720 )      -            (22,755 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Net change in contract owners’ equity

      -            (21,661 )      -            (18,493 )      -            (126,797 )      -            (21,996 ) 

Contract owners’ equity at beginning of period

      -            21,661       -            18,493       -            126,797       -            21,996  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Contract owners’ equity at end of period

    $ -            -           -            -           -            -           -            -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

CHANGE IN UNITS:

                     

Beginning units

      -            1,835       -            1,358       -            10,913       -            2,285  

Units purchased

      -            -           -            -           -            4,612       -            -      

Units redeemed

      -            (1,835 )      -            (1,358 )      -            (15,525 )      -            (2,285 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Ending units

      -            -           -            -           -            -           -            -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2020 AND DECEMBER 31, 2019

 

     TTVMP2     JGUBSV     AMTP  
     2020      2019     2020      2019     2020      2019  

Investment activity:

                

Net investment income (loss)

    $ -            3,469       -            363       -            5,945  

Realized gain (loss) on investments

      -            (23,564 )      -            (4,300 )      -            (64,813 ) 

Change in unrealized gain (loss) on investments

      -            63,848       -            3,347       -            -      

Reinvested capital gains

      -            -           -            -           -            63,763  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Net increase (decrease) in contract owners’ equity resulting from operations

      -            43,753       -            (590 )      -            4,895  
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Equity transactions:

                

Purchase payments received from contract owners (note 4)

      -            -           -            -           -            -      

Transfers between funds

      -            (308,539 )      -            (90,459 )      -            (4,895 ) 

Redemptions (noes 2, 3, and 4)

      -            (9 )      -            -           -            -      

Adjustments to maintain reserves

      -            -           -            -           -            -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Net equity transactions

      -            (308,548 )      -            (90,459 )      -            (4,895 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Net change in contract owners’ equity

      -            (264,795 )      -            (91,049 )      -            -      

Contract owners’ equity at beginning of period

      -            264,795       -            91,049       -            -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Contract owners’ equity at end of period

    $ -            -           -            -           -            -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

CHANGE IN UNITS:

                

Beginning units

      -            35,711       -            9,116       -            -      

Units purchased

      -            9,903       -            -           -            11,657  

Units redeemed

      -            (45,614 )      -            (9,116 )      -            (11,657 ) 
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Ending units

      -            -           -            -           -            -      
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

 

See accompanying notes to financial statements.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

(1) Background and Summary of Significant Accounting Policies

(a) Organization and Nature of Operations

The Jefferson National Life of NY Annuity Account 1 (the Separate Account) was established pursuant to a resolution of the Board of Directors of Jefferson National Life Insurance Company of New York (the Company) on June 20, 2014. The Separate Account is registered as a unit investment trust under the Investment Company Act of 1940. The Separate Account is an Investment Company and follows accounting and reporting guidance under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 946, Financial Services – Investment Companies. The Company offers tax qualified and non-tax qualified Individual Deferred Variable Annuity Contracts through the Separate Account. The Separate Account offers an interest-only variable annuity product.

(b) The Contracts

The Separate Account offers variable annuity insurance benefits intended to serve the long-term saving needs of investors. The primary distribution for the contracts is through the brokerage community; however, other distributors are utilized. Contract features are described in the applicable prospectus.

With certain exceptions, contract owners in either the accumulation or payout phase may invest in any of the following:

ADVISORS PREFERRED TRUST

Advisors Preferred Trust Gold Bullion Strategy (APTGBS)

ALGER PORTFOLIOS

Alger Capital Appreciation Class I-2 (ALCAI2)

Alger Large Cap Growth Class I-2 (ALCGI2)

Alger Mid Cap Growth (ALMGI2)

ALLIANCE VAR PRODUCTS SERIES

AB International Growth Class B (ABIGB)*

AB Global Thematic Growth Cl B (ABTGB)*

AB Dynamic Asset Allocation Class B (ALVDAB)*

AB Growth and Income Class A (ALVGIA)

AB International Value Class B (ALVIVB)

AB Small-Mid Cap Value - Class B (ALVSVB)

ALPS VARIABLE INVESTMENT TRUST

ALPS Alerian Energy Infrastructure Class III (AAEIP3)

ALPS Aggressive Growth ETF Asset Allocation II (AAGEA2)

ALPS Balanced ETF Asset Allocation II (ABEAA2)

ALPS Conservative ETF Asset Allocation II (ACEAA2)

ALPS Growth ETF Asset Allocation II (AGEAA2)

ALPS Red Rocks Global Opportunity Cl III (ARLPE3)*

ALPS Income and Growth ETF Asset Allocation II (AUGEA2)

AMERICAN CENTURY VARIABLE PORT

American Century VP Balanced - Class I (ACVB)

American Century VP International I (ACVI)

American Century VP Disciplined Core Value I (ACVIG)

American Century VP Inflation Protection Class II (ACVIP2)

American Century VP Large Company Value I (ACVLVI)*

American Century VP Ultra I (ACVU1)

American Century VP Value I (ACVV)*

AMERICAN FUNDS INS SERIES

American Funds Asset Allocation Class 4 (AMVAA4)

American Funds Blue Chip Income and Growth 4 (AMVBC4)

American Funds Bond Class 4 (AMVBD4)

American Funds Capital Income Builder Class 4 (AMVCB4)

American Funds Capital World Bond Class 4 (AMVGB4)

American Funds Global Growth Class 4 (AMVGG4)

American Funds Growth-Income Class 4 (AMVGI4)

American Funds Growth Class 4 (AMVGR4)

American Funds Global Small Cap Class 4 (AMVGS4)

American Funds Global Growth and Income Class 4 (AMVGW4)

American Funds High-Income Bond Class 4 (AMVHI4)

American Funds International Class 4 (AMVI4)

American Funds International Growth and Income Class 4 (AMVIG4)

American Funds Mortgage Class 4 (AMVM4)

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

American Funds New World (AMVNW4)

American Funds US Government/AAA Rated Securities 4 (AMVUA4)

American Funds Mngd Rsk Asset Allocation P-2 (AVPAP2)

American Funds Mngd Rsk Blue Chp Inc & Gr P-2 (AVRBP2)

AMUNDI PIONEER ASSET MGMNT

Amundi Pioneer High Yield VCT Class II (PIHYB2)*

Amundi Pioneer Bond VCT II (PIVB2)

Amundi Pioneer Equity Income VCT Class II (PIVEI2)

Amundi Pioneer Fund VCT Class II (PIVF2)*

Amundi Pioneer Mid Cap Value VCT Class II (PIVMV2)

Amundi Pioneer Strategic Income VCT Class II (PIVSI2)

BLACKROCK VAR SERIES TRST FNDS

BlackRock Equity Dividend V.I. Cl3 (BRVED3)

BlackRock High Yield V.I. Cl3 (BRVHY3)

BlackRock Total Return V.I. Cl3 (BRVTR3)

BlackRock U.S. Government Bond V.I. Cl3 (BRVUG3)

BlackRock Advantage Large Cap Core V.I. Cl3 (BVLCC3)

BlackRock Advantage Large Cap Value V.I. Cl3 (BVLCV3)*

BlackRock Large Cap Focus Growth V.I. Cl3 (BVLFG3)

BlackRock Global Allocation V.I. Cl3 (MLVGA3)

BNY MELLON FUNDS

BNY Mellon Stock Index (DSIF)

BNY Mellon Sustainable U.S. Equity (DSRG)

BNY Mellon Small Cap Stock Index - Serv (DVSCS)

CALVERT VARIABLE SERIES

Calvert VP SRI Balanced Class F (CVSBF)

COLUMBIA VARIABLE PORTFOLIO

CVP Seligman Global Technology - Class 2 (CLVGT2)

CVP Select Large Cap Value (CLVLV1)

CVP Strategic Income 2 (CLVSI2)

CVP Select Small Cap Value (CLVSV1)

CREDIT SUISSE TRUST

Credit Suisse Trust Commodity Return Strategy (CSCRS)

DELAWARE VIP TRUST

Delaware VIP Small Cap Value - Service (DWVSVS)

DFA INVESTMENT DIMENSIONS

DFA VA Equity Allocation (DFVEA)

DFA VA Global Bond (DFVGB)

DFA VA Global Moderate Allocation (DFVGMI)

DFA VA International Small (DFVIS)

DFA VA International Value (DFVIV)

DFA VA Short-Term Fixed (DFVSTF)

DFA VA U.S. Large Value (DFVULV)

DFA VA U.S. Targeted Value (DFVUTV)

EATON VANCE VP

Eaton Vance VT Floating-Rate Income (ETVFR)

FEDERATED HERMES INSURANCE SERIES

Federated Hermes High Income Bond II (FHIB)

Federated Hermes Kaufmann II (FVK2S)

Federated Hermes Managed Volatility II (FVU2)

FIDELITY VIP

Fidelity VIP Balanced - Serv II (FB2)

Fidelity VIP Contrafund - Serv II (FC2)

Fidelity VIP Disciplined Small Cap - Serv II (FDSCS2)

Fidelity VIP Equity-Income - Serv II (FEI2)*

Fidelity VIP Growth - Serv II (FG2)

Fidelity VIP Growth & Income - Serv II (FGI2)

Fidelity VIP Growth Opportunities - Serv II (FGO2)

Fidelity VIP High Income - Serv II (FHI2)

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

Fidelity VIP Investment Grade Bond - Serv II (FIGBP2)

Fidelity VIP Mid Cap - Serv II (FMC2)

Fidelity VIP Energy Service Class 2 (FNRS2)*

Fidelity VIP Overseas - Serv II (FO2)

Fidelity VIP Real Estate - Serv II (FRESS2)

Fidelity VIP Value -Serv II (FV2)

Fidelity VIP Freedom Income Serv II (FVFI2)

Fidelity VIP Intl Capital Apprec - Serv II (FVICA2)

Fidelity VIP Strategic Income - Serv II (FVSIS2)

FIRST EAGLE

First Eagle Overseas (FEOVF)

FRANKLIN TEMPLETON VIP TRUST

Franklin Templeton Global Bond II (FTVGI2)

Franklin Global Real Estate II (FTVGR2)

Franklin Income II (FTVIS2)

Franklin Mutual Shares II (FTVMS2)

Franklin Rising Dividends II (FTVRD2)

Franklin Strategic Income II (FTVSI2)

Franklin U.S. Government Securities II (FTVUG2)

GOLDMAN SACHS VAR INS TRUST

Goldman Sachs VIT Multi-Strategy Alternatives (GVMSA)

GUGGENHEIM VARIABLE TRUST

Guggenheim Var Ser Floating Rate Strategies Ser F (GVFRB)

Guggenheim Rydex Russell 2000 2X Strategy (GVR2XS)*

Guggenheim Var Ser U.S. Total Return Bond Ser E (GVTRBE)

Guggenheim Rydex Inverse NASDAQ-100 Strategy (RAF)*

Guggenheim Rydex Biotechnology (RBF)

Guggenheim Rydex Banking (RBKF)

Guggenheim Rydex Basic Materials (RBMF)*

Guggenheim Rydex Consumer Products (RCPF)*

Guggenheim Rydex Electronics (RELF)

Guggenheim Rydex Energy (RENF)

Guggenheim Rydex Energy Services (RESF)

Guggenheim Rydex Financial Services (RFSF)*

Guggenheim Rydex Health Care (RHCF)

Guggenheim Rydex High Yield Strategy (RHYS)

Guggenheim Rydex Internet (RINF)*

Guggenheim Rydex Inverse Gov’t Long Bond Strtgy (RJNF)

Guggenheim Rydex Europe 1.25X Strategy (RLCE)*

Guggenheim Rydex Japan 2X Strategy (RLCJ)*

Guggenheim Rydex Leisure (RLF)

Guggenheim Rydex Mid-Cap 1.5X Strategy (RMED)*

Guggenheim Rydex Russell 2000 1.5X Strategy (RMEK)*

Guggenheim Rydex Nova (RNF)

Guggenheim Rydex NASDAQ-100 (ROF)

Guggenheim Rydex Precious Metals (RPMF)

Guggenheim Rydex Real Estate (RREF)

Guggenheim Rydex Retailing (RRF)

Guggenheim Long Short Equity (RSRF)*

Guggenheim Rydex Technology (RTEC)

Guggenheim Rydex Telecommunications (RTEL)*

Guggenheim Rydex S&P 500 2X Strategy (RTF)*

Guggenheim Rydex Transportation (RTRF)

Guggenheim Rydex Inverse S&P 500 Strategy (RUF)*

Guggenheim Rydex Gov’t Long Bond 1.2X Strtgy (RUGB)*

Guggenheim Rydex Utilities (RUTL)*

Guggenheim Multi-Hedge Strategies (RVARS)

Guggenheim Rydex Commodities Strategy (RVCMD)*

Guggenheim Rydex NASDAQ-100 2X Strategy (RVF)

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

Guggenheim Rydex Inverse Dow 2X Strategy (RVIDD)*

Guggenheim Rydex Inverse Mid-Cap Strategy (RVIMC)*

Guggenheim Rydex Inverse Russell 2000 Strategy (RVISC)*

Guggenheim Rydex S&P 500 Pure Growth (RVLCG)

Guggenheim Rydex S&P 500 Pure Value (RVLCV)

Guggenheim Rydex Dow 2X Strategy (RVLDD)*

Guggenheim Rydex S&P MidCap 400 Pure Growth (RVMCG)*

Guggenheim Rydex S&P MidCap 400 Pure Value (RVMCV)

Guggenheim Global Managed Futures Strategy (RVMFU)

Guggenheim Rydex S&P SmallCap 600 Pure Growth (RVSCG)

Guggenheim Rydex S&P SmallCap 600 Pure Value (RVSCV)

Guggenheim Rydex Strengthening Dollar 2X Strategy (RVSDL)*

Guggenheim Rydex Weakening Dollar 2X Strategy (RVWDL)*

Guggenheim Var Ser StylePlus Mid Growth Ser J (SBLJ)*

Guggenheim Var Ser High Yield Ser P (SBLP)*

Guggenheim Var Ser Small Cap Value Ser Q (SBLQ)

Guggenheim Var Ser StylePlus Large Growth Ser Y (SBLY)

INVESCO V. I.

Invesco V.I. Comstock I (ACC1)

Invesco V.I. Growth and Income I (ACGI)*

Invesco V.I. Core Equity I (AVGI)*

Invesco V.I. High Yield I (AVHY1)*

Invesco V.I. International Growth I (AVIE)

Invesco V.I. Balanced Risk Allocation II (IVBRA2)

Invesco V.I. Core Plus Bond I (IVCPBI)

Invesco V.I. Diversified Dividend I (IVDDI)

Invesco V.I. Government Money Market I (IVGMMI)

Invesco V.I. Government Securities I (IVGS1)

Invesco V.I. Health Care I (IVHS)

Invesco V.I. Equity and Income I (IVKEI1)

Invesco V.I. Mid Cap Core Equity II (IVMCC2)

Invesco V.I. Global Real Estate I (IVRE)

Invesco V.I. Technology I (IVT)

Invesco Oppenheimer V.I. Main Street - S2 (OVGIS)*

Invesco Oppenheimer V.I. Global - S2 (OVGSS)

Invesco Oppenheimer V.I. International Growth - S2 (OVIGS)

Invesco Oppenheimer V.I. Global Strategic Inc - S2 (OVSBS)

Invesco Oppenheimer V.I. Total Return Bond - S2 (OVTRBS)

IVY VIP

Ivy VIP Asset Strategy (WRASP)*

Ivy VIP Corporate Bond (WRBDP)

Ivy VIP Balanced (WRBP)

Ivy VIP Energy (WRENG)

Ivy VIP Global Bond (WRGBP)

Ivy VIP Natural Resources (WRGNR)

Ivy VIP High Income (WRHIP)

Ivy VIP Limited-Term Bond (WRLTBP)

Ivy VIP Mid Cap Growth (WRMCG)

Ivy VIP Science and Technology (WRSTP)

Ivy VIP Value (WRVP)

JANUS ASPEN SERIES

Janus Henderson Balanced - Inst (JABIN)

Janus Henderson Enterprise - Inst (JAEI)

Janus Henderson Flexible Bond - Serv (JAFBS)

Janus Henderson Forty - Inst (JAFRIN)

Janus Henderson Global Research - Inst (JAGRIN)

Janus Henderson Overseas - Inst (JAIG)

Janus Henderson Research - Inst (JARIN)

Janus Henderson US Low Volatility - Serv (JIULVV)

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

Janus Henderson Mid Cap Value - Inst (JMCVIN)

JOHN HANCOCK

JHancock Emerging Markets Value Trust NAV (JHEVTN)

JPMORGAN

JPMorgan Global Allocation Class 2 (JPIGA2)

JPMorgan Income Builder Class 2 (JPIIB2)

LAZARD RETIREMENT SERIES FUND

Lazard Retirement Emerging Markets Equity (LZREMS)

Lazard Retirement Global Dynamic Multi-Asset (LZRGDM)*

Lazard Retirement International Equity (LZRIES)

Lazard Retirement US Small-Mid Cap Equity (LZRUSM)

LMPV EQUITY TRUST

LMCBV Aggressive Growth I (LPVCAI)

LMCBV Dividend Strategy I (LPVCII)

LM QS Dynamic Multi Strategy II (LPVQD2)

LMCBV Large Cap Growth I (LVCLGI)

LMCBV Small Cap Growth II (SBVSG2)

LMPV INCOME TRUST

LMWAV Global High Yield Bond I (SBVHY)

LORD ABBETT SERIES FUND, INC.

Lord Abbett Bond Debenture (LOVBD)

Lord Abbett Dividend Growth (LOVCDG)

Lord Abbett Growth and Income (LOVGI)*

MAINSTAY VP FUNDS TRUST

MainStay VP MacKay Convertible Service (MNCPS)

MFS VARIABLE INSURANCE TRUST

MFS Growth Series - Service (MEGSS)

MFS VIT New Discovery Series - Service (MNDSC)

MFS Value Series - Service (MVFSC)

NATIONWIDE VARIABLE INSURANCE

NW DoubleLine NVIT Total Return Tactical Cl Y (DTRTFY)

NVIT S&P 500 Index - Class Y (GVEXD)

NVIT International Index - Class Y (GVIXY)

NVIT Mid Cap Index - Class Y (MCIFD)

NVIT JP Morgan Mozaic Multi-Asset Class Y (NJMMAY)*

NVIT Bond Index - Class Y (NVBXD)

NVIT Investor Destinations Capital Appreciation Class P (NVDCAP)*

NVIT iShares ETF Fixed Income Fund Y (NVFIY)*

NVIT iShares ETF Global Equity Fund Y (NVGEY)*

NVIT Investor Destinations Moderate Class P (NVIDMP)*

NVIT Columbia Overseas Value Class X (NVMIVX)*

NVIT Multi-Manager Mid Cap Value I (NVMMV1)

Nationwide Newton NVIT Sustainable U.S. Equity I (NVNSR1)*

NVIT Small Cap Index - Class Y (NVSIXD)

NVIT Government Money Market (SAMY)

Nationwide NVIT AQR Large Cap Defensive Style Class 1 (TRF)

NEUBERGER BERMAN ADV MGT TRUST

Neuberger Berman AMT Mid Cap Growth Class I (AMCG)

Neuberger Berman AMT Mid Cap Intrinsic Value I (AMRI)

Neuberger Berman AMT Sustainable Equity Class I (AMSRS)*

Neuberger Berman AMT Short Duration Bond (AMTB)

Neuberger Berman AMT US Equity Index PutWrite Strategy (NBARMS)

NORTHERN LIGHTS VARIABLE TRUST

Ntrn Lts Rational Trend Aggregation VA (HVDCT)*

Ntrn Lts 7Twelve Balanced Cl 3 (NO7TB3)

Ntrn Lts TOPS Aggressive Growth ETF - Class 2 (NOTAG2)*

Ntrn Lts TOPS Managed Risk Balanced ETF - Class 2 (NOTB2)

Ntrn Lts BTS Tactical Fixed Income VIT CL 2 (NOTBBA)

Ntrn Lts TOPS Balanced ETF - Class 2 (NOTBE2)*

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

Ntrn Lts TOPS Conservative ETF - Class 2 (NOTC2)*

Ntrn Lts TOPS Managed Risk Growth ETF - Class 2 (NOTG2)*

Ntrn Lts TOPS Growth ETF - Class 2 (NOTGR2)*

Ntrn Lts TOPS Moderate Growth ETF - Class 2 (NOTMD2)*

Ntrn Lts TOPS Managed Risk Moderate Growth ETF -2 (NOTMG2)*

Ntrn Lts Probabilities Class 1 (NOVPB1)*

Ntrn Lts Power Dividend Index (NOVPDI)

Ntrn Lts Power Income Class 2 (NOVPI2)*

Ntrn Lts Power Momentum (NOVPM)

PIMCO VARIABLE INSURANCE TRUST

PIMCO VIT Dynamic Bond - Admin (PMUBAM)

PIMCO VIT All Asset - Admin (PMVAAA)

PIMCO VIT All Asset - Inst (PMVAAI)*

PIMCO VIT Emerging Markets Bond - Admin (PMVEBA)

PIMCO VIT International Bond (Unhedged)- Admin (PMVFBA)*

PIMCO VIT International Bond (US Dollar Hedged)- Admin (PMVFHA)

PIMCO VIT Global Bond Opportunities Unhedged - Admin (PMVGBA)

PIMCO VIT High Yield - Admin (PMVHYA)

PIMCO VIT Income - Admin (PMVID)

PIMCO VIT Low Duration - Admin (PMVLDA)

PIMCO VIT Long Term US Government - Admin (PMVLGA)

PIMCO VIT Real Return - Admin (PMVRRA)

PIMCO VIT CommodityRealReturn Strategy - Admin (PMVRSA)

PIMCO VIT Total Return - Admin (PMVTRA)

PIMCO VIT Global Core Bond (Hedged) Adm (PVGCBA)*

PIMCO VIT Global Managed Allocation Adm (PVGMAA)*

PIMCO VIT Short-Term - Admin (PVSTA)

PROFUNDS VP

ProFunds VP Asia 30 (PROA30)

ProFunds Access VP High Yield (PROAHY)*

ProFunds VP Biotechnology (PROBIO)

ProFunds VP Bull (PROBL)*

ProFunds VP Basic Materials (PROBM)*

ProFunds VP Banks (PROBNK)*

ProFunds VP Bear (PROBR)*

ProFunds VP Consumer Goods (PROCG)*

ProFunds VP Consumer Services (PROCS)

ProFunds VP Europe 30 (PROE30)*

ProFunds VP Emerging Markets (PROEM)

ProFunds VP Financials (PROFIN)*

ProFunds VP Falling US Dollar (PROFUD)*

ProFunds VP Government Money Market (PROGMM)

ProFunds VP U.S. Government Plus (PROGVP)*

ProFunds VP Health Care (PROHC)

ProFunds VP Industrials (PROIND)

ProFunds VP International (PROINT)*

ProFunds VP Japan (PROJP)

ProFunds VP Large-Cap Growth (PROLCG)

ProFunds VP Large-Cap Value (PROLCV)*

ProFunds VP Mid-Cap (PROMC)

ProFunds VP Mid-Cap Growth (PROMCG)*

ProFunds VP Mid-Cap Value (PROMCV)

ProFunds VP NASDAQ-100 (PRON)

ProFunds VP Internet (PRONET)

ProFunds VP Oil & Gas (PROOG)*

ProFunds VP Pharmaceuticals (PROPHR)*

ProFunds VP Precious Metals (PROPM)

ProFunds VP Real Estate (PRORE)*

ProFunds VP Rising Rates Opportunity (PRORRO)*

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

ProFunds VP Small Cap (PROSC)

ProFunds VP Small-Cap Growth (PROSCG)

ProFunds VP Semiconductor (PROSCN)

ProFunds VP Small-Cap Value (PROSCV)

ProFunds VP Short Emerging Markets (PROSEM)*

ProFunds VP Short International (PROSIN)*

ProFunds VP Short Mid-Cap (PROSMC)*

ProFunds VP Short NASDAQ-100 (PROSN)*

ProFunds VP Short Small-Cap (PROSSC)*

ProFunds VP Technology (PROTEC)*

ProFunds VP Telecommunications (PROTEL)*

ProFunds VP UltraBull (PROUB)*

ProFunds VP UltraMid-Cap (PROUMC)*

ProFunds VP UltraNASDAQ-100 (PROUN)*

ProFunds VP UltraSmall-Cap (PROUSC)*

ProFunds VP UltraShort NASDAQ-100 (PROUSN)*

ProFunds VP Utilities (PROUTL)

PUTNAM VARIABLE TRUST

Putnam VT Mortgage Securities Cl IB (PVAGIB)*

Putnam VT Multi Asset Absolute Return Cl B (PVAR5B)*

Putnam VT Diversified Income Cl IB (PVDIB)

Putnam VT Equity Income Cl IB (PVEIB)

Putnam VT High Yield Cl IB (PVHYB)

Putnam VT Income Cl IB (PVIB)

Putnam VT International Value Class IB (PVIGIB)*

Putnam VT Sustainable Leaders Class IB (PVNOB)

REDWOOD

Redwood Managed Volatility Class I (RWMVI)*

Redwood Managed Volatility Class N (RWMVN)

ROYCE CAPITAL FUND

Royce Micro-Cap (ROCMC)

Royce Small-Cap (ROCSC)

T. ROWE PRICE VIP II

T. Rowe Price Blue Chip Growth II (TRBCG2)

T. Rowe Price Equity Income II (TREI2)

T. Rowe Price Health Sciences II (TRHS2)

T. Rowe Price Limited-Term Bond II (TRLT2)

THIRD AVENUE FFI STRATEGIES

Third Avenue FFI Strategies Portfolio (TAVV)*

TIMOTHY PLAN VARIABLE SERIES

Timothy Plan Conservative Growth VS (TPVCGP)*

Timothy Plan Strategic Growth VS (TPVSGP)

VANECK VIP

VanEck VIP Global Gold Class S (VVGGS)

VanEck Emerging Markets Bond (VWBF)

VanEck VIP Emerging Markets (VWEM)

VanEck VIP Global Hard Assets Initial Cl (VWHA)

VANGUARD VARIABLE INS FUNDS

Vanguard VIF Balanced (VVB)

Vanguard VIF Conservative Allocation (VVCA)

Vanguard VIF Capital Growth (VVCG)

Vanguard VIF Diversified Value (VVDV)

Vanguard VIF Equity Income (VVEI)

Vanguard VIF Equity Index (VVEIX)

Vanguard VIF Growth (VVG)

Vanguard VIF Global Bond Index (VVGBI)

Vanguard VIF Total Bond Market Index (VVHGB)

Vanguard VIF High Yield Bond (VVHYB)

Vanguard VIF International (VVI)

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

Vanguard VIF Moderate Allocation (VVMA)*

Vanguard VIF Mid-Cap Index (VVMCI)

Vanguard VIF REIT Index (VVREI)

Vanguard VIF Small Company Growth (VVSCG)

Vanguard VIF Short-Term Investment Grade (VVSTC)

Vanguard VIF Total International Stock Market Index (VVTISI)

Vanguard VIF Total Stock Market Index (VVTSM)

VIRTUS VAR INSURANCE TRUST

Virtus SGA International Class A (VRVDIA)*

Virtus Duff & Phelps Real Estate Securities Class A (VRVDRA)

Virtus Newfleet Multi-Sector Intermediate Bond Class A (VRVNMA)

WELLS FARGO VARIABLE TRUST

Wells Fargo VT Discovery (SVDF)

Wells Fargo VT Opportunity (SVOF)*

WESTCHESTER CAPITAL MGMT

Westchester Merger Fund VL (MGRFV)

 

  *

At December 31, 2020, contract owners were not invested in this fund.

The contract owners’ equity is affected by the investment results of each fund, equity transactions by contract owners and certain contract expenses (see note 2). The accompanying financial statements include only contract owners’ purchase payments pertaining to the variable portions of their contracts and exclude any purchase payments for fixed dollar benefits, the latter being included in the accounts of the Company.

A contract owner may choose from among a number of different underlying mutual fund options. The underlying mutual fund options are not available to the general public directly. The underlying mutual funds are available as investment options in variable life insurance policies or variable annuity contracts issued by life insurance companies or, in some cases, through participation in certain qualified pension or retirement plans.

Some of the underlying mutual funds have been established by investment advisers which manage publicly traded mutual funds having similar names and investment objectives. While some of the underlying mutual funds may be similar to, and may in fact be modeled after, publicly traded mutual funds, the underlying mutual funds are not otherwise directly related to any publicly traded mutual fund. Consequently, the investment performance of publicly traded mutual funds and any corresponding underlying mutual funds may differ substantially.

A purchase payment could be presented as a negative equity transaction in the Statements of Changes in Contract Owners’ Equity if a prior period purchase payment is refunded to a contract owner due to a contract cancellation during the free look period, and/or if a gain is realized by the contract owner during the free look period.

The Company allocates purchase payments to subaccounts and/or the fixed account as instructed by the contract owner. Shares of the subaccounts are purchased at Net Asset Value, then converted into accumulation units. Certain transactions may be subject to conditions imposed by the underlying mutual funds, as well as those set forth in the contract.

Unless listed below, the financial statements presented are as of December 31, 2020 and for each of the years in the two-year period ended December 31, 2020. For the subaccounts listed below with inception or liquidation dates in 2020, the financial statements are as of December 31, 2020 and for the period from the inception date to December 31, 2020 or from January 1, 2020 to the liquidation date. For the subaccounts listed below with inception or liquidation dates in 2019, the financial statements are as of December 31, 2020 and for the period from inception date to December 31, 2019 or from January 1, 2019 to the liquidation date:

 

     Inception Date      Liquidation Date  

Guggenheim Rydex Russell 2000 2X Strategy (GVR2XS)

      2/7/2020     

Guggenheim Rydex Basic Materials (RBMF)

      4/7/2020     

Guggenheim Rydex High Yield Strategy (RHYS)

      4/6/2020     

Invesco V.I. Comstock I (ACC1)

      3/27/2020     

NVIT AQR Large Cap Defensive Style Class 1 (TRF)

      12/30/2020     

Ntrn Lts TOPS Managed Risk Balanced ETF - Class 2 (NOTB2)

      2/24/2020     

ProFunds VP Oil & Gas (PROOG)

      3/10/2020     

Virtus SGA International Growth - Class A (VRVDIA)

      5/19/2020     

Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class P (NVDCAP)

      10/23/2020     

MFS VIT New Discovery Series - Service (MNDSC)

      5/1/2020     

Putnam VT Sustainable Leaders Class IB (PVNOB)

      5/1/2020     

NVIT iShares ETF Fixed Income Fund Y (NVFIY)

      5/1/2020     

NVIT Government Money Market (SAMY)

      5/1/2019     

Vanguard VIF Conservative Allocation (VVCA)

      5/1/2019     

Vanguard VIF Global Bond Index (VVGBI)

      5/1/2019     

Vanguard VIF Total International Stock Market Index (VVTISI)

      5/1/2019     

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

BNY Mellon Variable Investment Fund - International Value Portfolio: Initial Shares (DVIV)

      4/30/2020  

Columbia Funds Variable Insurance Trust - CTIVP - AQR Managed Futures Strategy Fund: Class 2 (CLVQF2)

      4/23/2020  

Lord Abbett International Opportunities (LOIOVC)

      7/31/2019  

Neuberger Berman Advisers Management Trust - Large Cap Value Portfolio: Class I (AMTP)

      4/30/2019  

Invesco Oppenheimer V.I. Global Multi-Alternatives - Cl 2 (OVGMAS)

      4/26/2019  

Tortoise VIP MLP & Pipeline Class II (TTVMP2)

      3/6/2019  

Janus Henderson Global Unconstrained Bond - Serv (JGUBSV)

      2/27/2019  

For the one-year period ended December 31, 2020, the following subaccount mergers occurred. The subaccounts that were acquired during the year are no longer available as of December 31, 2020.

 

Acquired
Subaccount
Abbreviation

   

Acquired Subaccount

   

Acquiring
Subaccount
Abbreviation

   

Acquiring Subaccount

    Effective Date  

PVAAAD

    PIMCO VIT All Asset All Authority - Admin    PMVAAI    PIMCO VIT All Asset - Inst      6/1/2020  

PVAAAI

    PIMCO VIT All Asset All Authority - Inst    PMVAAI    PIMCO VIT All Asset - Inst      6/1/2020  

GVDIVI

    Nationwide Variable Insurance Trust - NVIT Multi-Manager International Value Fund: Class I (GVDIVI)    NVMIVX    Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class X      10/16/2020  

NVLCAP

    Nationwide Variable Insurance Trust - NVIT DFA Capital Appreciation Fund: Class P (NVLCAP)    NVDCAP    Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class P      10/23/2020  

NVLMP

    Nationwide Variable Insurance Trust - NVIT DFA Moderate Fund: Class P (NVLMP)    NVIDMP    Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class P      10/23/2020  

For the one-year period ended December 31, 2020, the following subaccount name changes occurred:

 

Subaccount
Abbreviation

   

Current Legal Name

   

Prior Legal Name

    Effective Date  

AMVGB4

    American Funds Capital World Bond Class 4    American Funds Global Bond Class 4      4/29/2020  

ARLPE3

    ALPS Red Rocks Global Opportunity Cl III    ALPS/Red Rocks Listed Private Equity Cl III      5/1/2020  

FHIB

    Federated Hermes High Income Bond II    Federated High Income Bond II      5/1/2020  

FVK2S

    Federated Hermes Kaufmann II    Federated Kaufmann II      5/1/2020  

FVU2

    Federated Hermes Managed Volatility II    Federated Managed Volatility II      5/1/2020  

LOVCDG

    Lord Abbett Dividend Growth    Lord Abbett Calibrated Dividend Growth      5/1/2020  

NVNSR1

    Nationwide Newton NVIT Sustainable U.S. Equity I    NW Neuberger Berman NVIT Socially Responsible I      5/1/2020  

PVGMAA

    PIMCO VIT Global Managed Allocation Adm    PIMCO VIT Global Multi-Asset Managed Allocation Adm      5/1/2020  

TAVV

    Third Avenue FFI Strategies Portfolio    Third Avenue Variable Annuity Trust Value      5/1/2020  

TRF

    Nationwide NVIT AQR Large Cap Defensive Style Class 1    NVIT Nationwide Fund Class 1      5/1/2020  

VWBF

    VanEck Emerging Markets Bond    VanEck VIP Unconstrained Emerging Markets Bond      5/1/2020  

ACVIG

    American Century VP Disciplined Core Value I    American Century VP Income & Growth I      9/25/2020  

Effective May 1, 2020, the trust name Janus Henderson VIT Funds was changed to Janus Aspen Series.

(c) Security Valuation, Transactions and Related Investment Income

Investments in underlying mutual funds are valued at the closing Net Asset Value per share at December 31, 2020 of such funds. The cost of investments sold is determined on a first in - first out basis. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed), and dividends and capital gain distributions are accrued as of the ex-dividend date and are reinvested in the underlying mutual funds.

(d) Federal Income Taxes

Operations of the Separate Account form a part of, and are taxed with, operations of the Company which is taxed as a life insurance company under the Internal Revenue Code. The Company does not provide for income taxes within the Separate Account. Taxes are generally the responsibility of the contract owner upon termination or withdrawal.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

(e) Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with U.S. generally accepted accounting principles may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

(f) Calculation of Annuity Reserves

At each financial reporting date, the Separate Account financial statements include an aggregate amount of net assets allocated to future contract benefits for the contracts in the payout (annuitization) period. The payout (annuitization) period begins when amounts accumulated under the contract (the contract value) are applied according to the payment method selected by the contract owner.

Annuity reserves are computed for contracts in the variable payout stage according to industry standard mortality tables. The assumed investment return is 3.5% unless the annuitant elects otherwise, in which case the rate may vary from 3.5% to 6%, as regulated by the laws of the respective states. The mortality risk is fully borne by the Company and may result in additional amounts being transferred into the Separate Account by the Company to cover greater longevity of annuitants than expected. Conversely, if reserves exceed amounts required, transfers may be made to the Company.

(g) COVID-19

Equity and financial markets have experienced significant volatility and interest rates have experienced significant declines primarily driven by the COVID-19 pandemic. These conditions have and may continue to impact the Company’s operations and financial condition. The extent to which the COVID-19 pandemic may impact the Company’s operations and financial condition will depend on future developments which are evolving and uncertain.

(h) Subsequent Events

The company evaluated subsequent events through the date the financial statements were available to be issued with the Securities and Exchange Commission, and no subsequent events have occurred requiring accrual or disclosures.

(2) Expenses

The Company deducts a monthly subscription charge of $20 to issue and administer each Monument Advisor NY contract. These fees were $87,971 and $69,876 for the years ended December 31, 2020 and 2019, respectively. This charge is recorded as a redemption in the accompanying Statements of Changes in Contract Owners’ Equity.

The Company deducts a total daily charge from certain low-cost investments of Monument Advisor NY, which is equivalent to the effective annual rate of 0.25% of the daily total net assets. This fee is charged on the low-cost investments that do not provide the Company with the amount of revenue it requires to meet its revenue targets. These fees were $178,605 and $128,439 for the year ended December 31, 2020 and 2019, respectively. This charge is recorded as a redemption in the accompanying Statements of Changes in Contract Owners’ Equity.

Pursuant to an agreement between the Separate Account and the Company (which may be terminated by the Company at any time), the Company provides sales and administrative services to the Separate Account.

(3) Annuity Benefits

Annuity benefit proceeds result in a redemption of the policy value from the Separate Account and payment of those proceeds, less any outstanding policy loans (and policy charges), to the legal beneficiary. For last survivor flexible premium policies, the proceeds are payable on the death of the last surviving insured. In the event that the guaranteed death benefit exceeds the policy value on the date of death, the excess is paid by the Company’s general account.

(4) Related Party Transactions

The Company performs various services on behalf of the mutual fund companies in which the Separate Account invests and may receive fees for the services performed. These services include, among other things, shareholder communications, postage, fund transfer agency and various other record keeping and customer service functions. These fees are paid to an affiliate of the Company.

(5) Fair Value Measurement

FASB ASC 820, Fair Value Measurements and Disclosures, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Separate Account generally uses the market approach as the valuation technique due to the nature of the mutual fund investments offered in the Separate Account. This technique maximizes the use of observable inputs and minimizes the use of unobservable inputs.

In accordance with FASB ASC 820, the Separate Account categorized its financial instruments into a three-level hierarchy based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument in its entirety.

The Separate Account categorizes financial assets recorded at fair value as follows:

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

  •  

Level 1 – Unadjusted quoted prices accessible in active markets and mutual funds where the value per share (unit) is determined and published and is the basis for current transactions for identical assets or liabilities at the measurement date.

 

  •  

Level 2 – Unadjusted quoted prices for similar assets or liabilities in active markets or inputs (other than quoted prices) that are observable or that are derived principally from or corroborated by observable market data through correlation or other means.

 

  •  

Level 3 – Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Inputs reflect management’s best estimate about the assumptions market participants would use at the measurement date in pricing the asset or liability. Consideration is given to the risk inherent in both the method of valuation and the valuation inputs.

The following table summarizes assets measured at fair value on a recurring basis as of December 31, 2020:

 

     Level 1      Level 2      Level 3      Total  

Separate Account Investments

    $ 199,806,409      $ -          $ -          $ 199,806,409  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

The cost of purchases and proceeds from sales of Investments for the year ended December 31, 2020 are as follows:

 

Subaccount Abbreviation*

    Purchases of
Investments		      Sales of
Investments		  

APTGBS

    $ 597,817      $ 275,607  

ALCGI2

      3,686,806        3,106,443  

ALMGI2

      536,554        137,846  

ALCAI2

      319,009        237,716  

ALVGIA

      11,541        5,870  

ALVIVB

      4,474        140,544  

ALVSVB

      106,654        78,728  

AAGEA2

      763        255  

ABEAA2

      122,699        121,763  

ACEAA2

      665,395        666,958  

AGEAA2

      29,439        860  

AUGEA2

      27,124        163,596  

AAEIP3

      53,509        201,161  

ARLPE3

      -            2,228  

ACVB

      204,688        88,997  

ACVIG

      591,411        47,896  

ACVIP2

      155,091        154,175  

ACVI

      39,084        294,128  

ACVU1

      206,318        12,103  

ACVV

      65        2,375  

AMVM4

      1,122        65,406  

AVRBP2

      4,413        32,064  

AMVHI4

      2,427,883        2,446,845  

AMVGI4

      55,830        77,658  

AMVGR4

      140,360        187,656  

AMVGB4

      12,815        39,280  

AMVBD4

      137,661        48,903  

AMVAA4

      120,370        38,405  

AMVGS4

      4,192        9,035  

AVPAP2

      18,565        42,320  

AMVI4

      71,074        165,139  

AMVBC4

      3,355        68,360  

AMVNW4

      572,983        481,852  

AMVGW4

      9,853        13  

AMVGG4

      16,533        19,162  

AMVUA4

      717,171        383,451  

AMVIG4

      2,302        20,349  

AMVCB4

      6,474        1,988  

PIVB2

      36,224        527,773  

PIVEI2

      5,804        1,641  

PIVMV2

      227        2  

PIVSI2

      40,065        40,189  

BRVUG3

      462,788        245,023  

BVLFG3

      949,657        1,488,989  

BVLCC3

      19,836        6  

BRVHY3

      2,925,645        2,743,962  

BRVTR3

      933,213        333,161  

BRVED3

      158,610        82,810  

MLVGA3

      208,880        53,082  

DVSCS

      146,728        321,425  

DSIF

      46,210        137,391  

DSRG

      26,583        3,554  

CVSBF

      417,332        632,171  

CLVSI2

      83,715        5,673  

CLVGT2

      104,077        440,377  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

CLVSV1

      84,275        36,082  

CLVLV1

      -            56  

CLVQF2

      4,370        153,200  

CSCRS

      4,483        1,000  

DWVSVS

      51,891        6,389  

DFVEA

      744,511        88,626  

DFVGMI

      357,278        301,462  

DFVGB

      280,964        186,670  

DFVIS

      433,914        279,058  

DFVIV

      1,214,591        532,606  

DFVSTF

      1,715,750        535,017  

DFVULV

      1,286,302        1,071,132  

DFVUTV

      856,246        218,582  

ETVFR

      133,092        1,633,284  

FVK2S

      195,617        78,785  

FVU2

      116,484        8,159  

FHIB

      1,117,575        908,872  

FVICA2

      189,451        231,788  

FVFI2

      195,877        208,124  

FDSCS2

      9,089        53,118  

FC2

      2,739,057        294,862  

FB2

      1,204,420        647,140  

FEI2

      875        16,145  

FGI2

      100,443        42,065  

FGO2

      3,193,560        1,631,657  

FG2

      2,134,717        1,637,667  

FHI2

      1,313,392        1,685,753  

FIGBP2

      1,426,463        613,303  

FMC2

      7,517        5,850  

FO2

      1,766        2,635  

FV2

      196,258        571  

FRESS2

      27,891        25,041  

FVSIS2

      126,981        265,927  

FEOVF

      28,365        33,778  

FTVMS2

      714        20,161  

FTVIS2

      10,276        92,279  

FTVGR2

      1,445        3,719  

FTVRD2

      28,492        138,436  

FTVUG2

      20,369        12,748  

FTVGI2

      183,432        76,195  

FTVSI2

      248,234        486,405  

GVMSA

      1,004        27  

GVR2XS

      154,491        159,379  

GVTRBE

      1,102,177        775,702  

RVMFU

      15,438        9,472  

RSRF

      4,268        35,564  

RBKF

      64,824        107,944  

RBMF

      49,679        58,395  

RBF

      367,900        385,841  

RCPF

      -            301,618  

RVLDD

      232,505        244,948  

RELF

      216,845        302,694  

RENF

      20,004        20,442  

RESF

      92        3,737  

RUGB

      2,790,369        2,821,653  

RHCF

      78,857        27,258  

RINF

      237,477        255,707  

RJNF

      261,162        256,964  

RAF

      1,200,701        1,101,072  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

RVISC

      115,000        110,679  

RUF

      15,000        15,232  

RLF

      94,026        91,765  

RVARS

      782        48  

RVF

      1,966,602        1,643,461  

ROF

      3,338,418        3,175,094  

RNF

      38,763        11,225  

RPMF

      643,518        496,468  

RREF

      46,435        40,005  

RRF

      26,616        13,536  

RTF

      149,644        285,372  

RVLCG

      389,861        350,994  

RVLCV

      910,280        990,517  

RVMCV

      909,509        340,363  

RVSCG

      447,200        246,829  

RVSCV

      499,767        231,692  

RTEC

      608,510        861,397  

RTRF

      277,720        265,207  

RUTL

      139,170        207,896  

GVFRB

      2,140,245        388,664  

SBLJ

      -            13,198  

SBLP

      1,197,239        1,415,079  

SBLQ

      1,488        19  

SBLY

      2,873        19  

RHYS

      644,665        474,685  

ACC1

      430,080        191,814  

IVKEI1

      167,454        3,009  

IVHS

      2,438        194  

IVRE

      102,615        24,480  

AVHY1

      1,832,294        1,857,000  

IVBRA2

      96,718        33,135  

AVIE

      38,882        1,276  

IVDDI

      91,289        194,977  

IVT

      242,000        233,150  

IVMCC2

      4,208        120  

IVGS1

      94        91  

IVCPBI

      587,433        36,631  

IVGMMI

      26,273,496        27,311,483  

OVTRBS

      81,235        142,922  

OVIGS

      48,143        8,249  

OVGSS

      62,665        108,702  

OVGIS

      90,926        77,092  

OVSBS

      112,702        324  

WRBP

      147,182        74,910  

WRBDP

      1,914,364        1,308,064  

WRENG

      60,246        54,229  

WRGBP

      177,337        95,213  

WRGNR

      1,017        19  

WRHIP

      1,454,103        1,008,169  

WRLTBP

      5,822        981  

WRMCG

      79,287        212  

WRSTP

      63,388        98,865  

WRVP

      2,041        1,394  

JABIN

      1,072,225        1,063,951  

JAFRIN

      115,222        408,242  

JAGRIN

      21,487        12,063  

JIULVV

      292,639        52,625  

JMCVIN

      113,920        26,170  

JARIN

      4,096        183  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

JAEI

      189,023        350,661  

JAFBS

      38,416        1,615  

JAIG

      66,116        15,172  

JHEVTN

      151,909        101,139  

JPIGA2

      350,959        376,777  

JPIIB2

      39,009        459,398  

LZRGDM

      -            59,197  

LZRUSM

      24,857        8,328  

LZREMS

      98,395        136,657  

LZRIES

      78,431        110,105  

LPVCAI

      2,121        704  

LPVCII

      215,312        514  

SBVSG2

      532,571        250,337  

SVDF

      31,582        70,282  

LPVQD2

      254        140  

LVCLGI

      258,932        1,795  

SBVHY

      2,303,910        2,337,063  

LOVCDG

      25,009        1  

LOVBD

      4,077,992        3,117,874  

MNCPS

      1,910,582        1,713,883  

MNDSC

      58,268        40  

MEGSS

      260,254        46,142  

MGRFV

      112,645        11,095  

MVFSC

      318,707        143,226  

SAMY

      39,192,636        31,947,552  

NVFIY

      160,949        161,359  

DTRTFY

      442,924        294,000  

DVIV

      6,373        77,560  

TRF

      4,059        1  

GVIXY

      392,914        634,182  

NVMMV1

      6,097        66  

NVBXD

      67,495        91,643  

NVDCAP

      238,491        231,525  

NVSIXD

      764,053        134,775  

NVLCAP

      3,971        238,492  

MCIFD

      161,482        135,147  

GVEXD

      2,715,876        869,645  

NBARMS

      2,412        2  

AMTB

      477,915        523,426  

AMCG

      212,470        5,513  

AMRI

      8,118        44,196  

NOTB2

      254,972        51,206  

NOVPM

      485        -      

NOVPDI

      353        37,376  

NO7TB3

      10,791        13,520  

NOTBBA

      703        -      

PVSTA

      277,877        668,396  

PMUBAM

      116,210        118,330  

PMVAAA

      139,916        128,182  

PMVRSA

      6,125        11,650  

PMVHYA

      1,739,380        1,784,770  

PMVID

      614,748        1,044,344  

PMVLGA

      1,018,275        642,612  

PMVLDA

      541,571        173,657  

PMVRRA

      1,547,639        541,448  

PMVTRA

      3,088,726        279,151  

PMVEBA

      2,670,842        2,674,607  

PMVGBA

      59,714        38,452  

PMVFHA

      147,111        140,344  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

PROGMM

      38        120,355  

PROLCG

      1,419,807        1,935,048  

PROMC

      99,495        87,083  

PROMCV

      7,649        19,485  

PROSC

      8,971        12,905  

PROSCG

      1,975        2,258  

PROSCV

      1,818        12,901  

PROUB

      10,000        9,813  

PROUSC

      15,000        16,175  

PROA30

      30,374        194,097  

PROBIO

      61,014        21,084  

PROBL

      82,140        83,066  

PROCS

      37,823        1  

PROEM

      9,048        725  

PROFIN

      24,594        101,146  

PROHC

      18,685        -      

PROIND

      599        8,571  

PRONET

      717,093        568,844  

PROJP

      12,557        44,520  

PRON

      141,125        32,903  

PROOG

      24,823        26,726  

PROPM

      132,280        546,576  

PRORE

      271        7,090  

PROSCN

      17,878        -      

PROTEC

      6,048        16,294  

PROTEL

      -            10,720  

PROGVP

      88,775        85,807  

PROUN

      139,001        142,054  

PROUTL

      11,542        7,343  

PVAGIB

      13,083        133,426  

PVAAAD

      6,739        186,654  

PVDIB

      3,408        7,747  

PVEIB

      218,100        233,053  

PVHYB

      2,087,636        2,062,359  

PVIB

      295,250        40,362  

PVNOB

      3,204        131  

RWMVN

      2,166        -      

ROCMC

      4,596        2,529  

ROCSC

      17,022        71,693  

TRBCG2

      1,862,629        978,566  

TREI2

      35,537        21,976  

TRHS2

      747,169        409,842  

TRLT2

      89,648        469,498  

VRVDIA

      39,100        43,312  

VRVDRA

      13,155        3,186  

VRVNMA

      373,509        225,817  

TPVSGP

      869        149  

VVGGS

      189,374        169,225  

VWBF

      30,477        28,500  

VWEM

      172,279        106,963  

VWHA

      57,662        40  

VVCA

      392,471        8,720  

VVB

      1,447,710        1,685,865  

VVCG

      323,878        142,078  

VVDV

      600,899        107,887  

VVEI

      775,734        615,430  

VVEIX

      1,700,535        995,552  

VVG

      1,255,889        330,683  

VVGBI

      72,522        5,053  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

VVHYB

      689,585        617,188  

VVI

      1,466,748        862,907  

VVMCI

      906,942        306,254  

VVREI

      445,965        352,879  

VVSTC

      3,957,807        504,038  

VVSCG

      73,760        134,344  

VVHGB

      4,135,712        1,570,839  

VVTISI

      814,141        56,153  

VVTSM

      3,698,539        1,973,508  
  

 

 

     

 

 

  
   $ 197,804,389      $ 156,783,771  
  

 

 

     

 

 

  

 

  *

Represents abbreviation of investment name. For full investment name and related abbreviation, see note 1(b).

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

(6) Financial Highlights

The Company offers several variable annuity products through the Separate Account that have unique combinations of features and fees that are assessed to the contract owner. Differences in fee structures result in a variety of contract expense rates, unit fair values and total returns. The following tabular presentation is a summary of units, unit fair values, contract owners’ equity outstanding and contract expense rates for variable annuity contracts as of December 31, 2020, and the investment income ratio and total return for each of the periods in the five-year period ended December 31, 2020. The information is presented as a range of minimum to maximum values based upon product grouping. The range is determined by identifying the lowest and the highest contract expense rate for contracts with units outstanding as of the balance sheet date. The unit fair values and total returns related to these identified contract expense rates are also disclosed as a range below. Accordingly, some individual contract amounts may not be within the ranges presented. Total return and investment income ratio for periods with no ending Contract Owners’ Equity were considered to be irrelevant, and therefore are not presented. Contract Owners’ Equity presented below may not agree to the Contract Owners’ Equity presented in the Statements of Changes due to reserves for annuity contracts in payout.

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’ Equity*****		     Investment
Income
Ratio**		     Total Return***  

Advisors Preferred Trust Gold Bullion Strategy (APTGBS)

 

  

2020

     0.00%       43,774       $12.65     $ 553,678       6.88%       19.69%  

2019

     0.00%       17       10.57       179       0.35%       17.94%  

2018

     0.00%       9       8.96       78       10.76%       -4.38%  

2017

     0.00%       to       0.15%       3       9.37       to       10.19       26       0.00%       1.90%       to       11.28%  

2016

     0.00%       3       8.42       24       0.00%       6.85%  

Alger Capital Appreciation Class I-2 (ALCAI2)

 

  

2020

     0.00%       6,124       87.12       533,493       0.00%       41.75%  

2019

     0.00%       6       61.46       370       0.00%       33.58%  

2018

     0.00%       3       46.01       129       0.08%       -0.09%  

2017

     0.00%       to       0.15%       2       11.41       to       46.05       109       0.26%       14.10%       to       31.08%  

2016

     0.00%       1       35.13       47       0.24%       0.49%  

Alger Large Cap Growth Class I-2 (ALCGI2)

 

  

2020

     0.00%       14,430       62.11       896,212       0.16%       67.03%  

2019

     0.00%       -           37.18       13       0.00%       27.43%  

2018

     0.00%       -           29.18       13       0.00%       2.21%  

2017

     0.00%       to       0.15%       -           11.22       to       28.55       12       0.00%       12.20%       to       28.49%  

2016

     0.00%       -           22.22       10       0.00%       -0.85%  

Alger Mid Cap Growth (ALMGI2)

 

  

2020

     0.00%       9,416       52.04       490,001       0.00%       64.63%  

AB Growth and Income Class A (ALVGIA)

 

  

2020

     0.00%       6,665       28.43       189,508       1.58%       2.72%  

2019

     0.00%       7       27.68       191       1.25%       23.91%  

2018

     0.00%       7       22.34       160       0.97%       -5.62%  

2017

     0.00%       to       0.15%       9       11.46       to       23.67       222       1.44%       14.60%       to       18.94%  

2016

     0.00%       8       19.90       163       1.27%       11.30%  

AB International Value Class B (ALVIVB)

 

  

2020

     0.00%       5,725       8.38       47,964       0.78%       2.21%  

2019

     0.00%       30       8.20       248       0.82%       16.79%  

2018

     0.00%       32       7.02       224       1.25%       -22.94%  

2017

     0.00%       to       0.15%       3       9.11       to       11.20       27       2.61%       12.00%       to       25.14%  

2016

     0.00%       2       7.28       16       2.77%       -0.82%  

AB Small-Mid Cap Value – Class B (ALVSVB)

 

  

2020

     0.00%       8,034       27.95       224,589       0.69%       3.05%  

2019

     0.00%       6       27.13       173       0.30%       19.90%  

2018

     0.00%       7       22.62       168       0.23%       -15.31%  

2017

     0.00%       to       0.15%       9       11.09       to       26.71       252       0.26%       10.90%       to       12.84%  

2016

     0.00%       4       23.67       99       0.39%       24.78%  

ALPS Alerian Energy Infrastructure Class III (AAEIP3)

 

  

2020

     0.00%       20,156       7.60       153,127       1.98%       -25.12%  

2019

     0.00%       37       10.15       380       1.84%       20.41%  

2018

     0.00%       15       8.43       129       1.00%       -18.94%  

2017

     0.00%       to       0.15%       22       9.82       to       10.40       233       1.93%       -1.80%       to       -0.86%  

2016

     0.00%       37       10.49       392       2.63%       40.81%  

ALPS Aggressive Growth ETF Asset Allocation II (AAGEA2)

 

  

2020

     0.00%       1,088       20.48       22,281       1.90%       9.96%  

2019

     0.00%       1       18.62       21       1.54%       22.17%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’ Equity*****		     Investment
Income
Ratio**		     Total Return***  

ALPS Balanced ETF Asset Allocation II (ABEAA2)

 

  

2020

     0.00%       21,966       18.88       414,795       2.29%       9.12%  

2019

     0.00%       22       17.31       375       2.09%       16.26%  

2018

     0.00%       21       14.88       316       2.27%       -6.24%  

2017

     0.00%       to       0.15%       8       10.75       to       15.87       130       2.44%       7.50%       to       13.28%  

2016

     0.00%       4       14.01       52       3.01%       8.52%  

ALPS Conservative ETF Asset Allocation II (ACEAA2)

 

  

2020

     0.00%       1,957       15.37       30,076       7.92%       6.49%  

2019

     0.00%       2       14.43       28       2.05%       9.53%  

2018

     0.00%       2       13.18       29       3.12%       -2.37%  

ALPS Growth ETF Asset Allocation II (AGEAA2)

 

  

2020

     0.00%       15,283       20.09       307,037       2.12%       10.01%  

2019

     0.00%       14       18.26       264       1.83%       19.77%  

2018

     0.00%       13       15.25       201       2.12%       -8.02%  

2017

     0.00%       to       0.15%       2       10.98       to       16.58       35       1.38%       9.80%       to       17.26%  

2016

     0.00%       2       14.14       30       0.00%       9.70%  

ALPS Red Rocks Global Opportunity Cl III (ARLPE3)

 

  

2019

     0.00%       -           15.26       2       0.00%       39.84%  

ALPS Income and Growth ETF Asset Allocation II (AUGEA2)

 

  

2020

     0.00%       9,811       17.15       168,288       1.22%       8.43%  

2019

     0.00%       19       15.82       295       5.22%       12.90%  

2018

     0.00%       1       14.01       18       1.91%       -4.24%  

2017

     0.00%       to       0.15%       1       10.54       to       14.63       19       1.78%       5.40%       to       9.92%  

2016

     0.00%       1       13.31       18       2.23%       6.39%  

American Century VP Balanced – Class I (ACVB)

 

  

2020

     0.00%       28,774       29.45       847,268       1.27%       12.53%  

2019

     0.00%       25       26.17       662       1.54%       19.85%  

2018

     0.00%       21       21.83       457       1.50%       -3.83%  

2017

     0.00%       to       0.15%       14       10.81       to       22.70       311       1.73%       8.10%       to       13.90%  

2016

     0.00%       3       19.93       52       1.95%       6.98%  

American Century VP International I (ACVI)

 

  

2020

     0.00%       18,400       30.37       558,746       0.59%       25.88%  

2019

     0.00%       29       24.12       706       0.87%       28.42%  

2018

     0.00%       29       18.78       539       1.26%       -15.25%  

2017

     0.00%       to       0.15%       29       11.64       to       22.16       636       0.00%       16.40%       to       31.20%  

American Century VP Disciplined Core Value I (ACVIG)

 

  

2020

     0.00%       23,268       33.48       778,908       2.28%       11.81%  

2019

     0.00%       7       29.94       204       2.30%       23.95%  

2018

     0.00%       4       24.16       91       1.95%       -6.86%  

2017

     0.00%       to       0.15%       4       11.28       to       25.94       99       2.56%       12.80%       to       20.48%  

2016

     0.00%       2       21.53       42       2.38%       13.49%  

American Century VP Inflation Protection Class II (ACVIP2)

 

  

2020

     0.00%       10,963       17.74       194,475       1.35%       9.55%  

2019

     0.00%       11       16.19       177       2.34%       8.90%  

2018

     0.00%       10       14.87       145       2.45%       -2.81%  

2017

     0.00%       to       0.15%       9       10.21       to       15.30       137       2.65%       2.10%       to       3.66%  

2016

     0.00%       8       14.76       122       0.96%       4.38%  

American Century VP Ultra I (ACVU1)

 

  

2020

     0.00%       3,947       55.04       217,253       0.00%       49.85%  

2019

     0.00%       -           36.73       10       0.00%       34.58%  

2018

     0.00%       3       27.29       78       0.03%       0.74%  

2017

     0.00%       to       0.15%       -           11.65       to       27.09       7       0.00%       16.50%       to       32.21%  

American Century VP Value I (ACVV)

 

  

2019

     0.00%       -           30.29       3       2.13%       27.03%  

2018

     0.00%       1       23.84       24       1.70%       -9.18%  

2017

     0.00%       to       0.15%       1       10.74       to       26.25       24       1.97%       7.40%       to       8.74%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’ Equity*****		     Investment
Income
Ratio**		     Total Return***  

American Funds Asset Allocation Class 4 (AMVAA4)

 

  

2020

     0.00%       62,804       17.78       1,116,818       1.52%       12.16%  

2019

     0.00%       58       15.85       925       1.92%       20.93%  

2018

     0.00%       46       13.11       599       1.54%       -4.86%  

2017

     0.00%       to       0.15%       36       10.89       to       13.78       495       1.87%       8.90%       to       15.90%  

2016

     0.00%       11       11.89       127       1.90%       9.18%  

American Funds Blue Chip Income and Growth 4 (AMVBC4)

 

  

2020

     0.00%       5,376       19.14       102,908       1.33%       8.47%  

2019

     0.00%       10       17.65       171       1.87%       21.03%  

2018

     0.00%       8       14.58       111       2.04%           -8.93% **** 

2017

     0.00%       to       0.15%       5       11.21       to       16.01       77       2.43%       12.10%       to       16.69%  

2016

     0.00%       3       13.72       36       12.86%       18.48%  

American Funds Bond Class 4 (AMVBD4)

 

  

2020

     0.00%       30,670       13.09       401,545       2.33%       9.38%  

2019

     0.00%       25       11.97       295       2.73%       9.08%  

2018

     0.00%       9       10.97       98       0.96%       -0.90%  

2017

     0.00%       to       0.15%       62       10.17       to       11.07       682       2.08%       1.70%       to       3.26%  

2016

     0.00%       54       10.72       574       2.02%       2.78%  

American Funds Capital Income Builder Class 4 (AMVCB4)

 

  

2020

     0.00%       22,539       11.71       263,977       2.67%       4.11%  

2019

     0.00%       23       11.25       256       2.57%       17.62%  

2018

     0.00%       1       19.56       6       2.30%         -4.40% **** 

American Funds Capital World Bond Class 4 (AMVGB4)

 

  

2020

     0.00%       15,351       12.26       188,137       0.98%       9.62%  

2019

     0.00%       18       11.18       203       1.47%       7.54%  

2018

     0.00%       14       10.40       147       1.20%       -1.61%  

2017

     0.00%       to       0.15%       10       10.32       to       10.57       103       1.52%       3.20%       to       6.66%  

2016

     0.00%       -           9.91       -           0.00%       2.38%  

American Funds Global Growth Class 4 (AMVGG4)

 

  

2020

     0.00%       1,687       15.53       26,194       0.16%       30.17%  

2019

     0.00%       2       11.93       23       1.11%       34.87%  

2018

     0.00%       1       18.84       9       5.04%         -11.60% **** 

American Funds Growth-Income Class 4 (AMVGI4)

 

  

2020

     0.00%       24,442       22.09       539,936       1.18%       13.25%  

2019

     0.00%       27       19.51       522       1.47%       25.85%  

2018

     0.00%       25       15.50       395       1.32%       -2.02%  

2017

     0.00%       to       0.15%       22       11.31       to       15.82       351       1.53%       13.10%       to       22.07%  

2016

     0.00%       15       12.96       199       1.26%       11.24%  

American Funds Growth Class 4 (AMVGR4)

 

  

2020

     0.00%       30,559       33.04       1,009,610       0.20%       51.71%  

2019

     0.00%       34       21.78       738       0.56%       30.44%  

2018

     0.00%       38       16.69       634       0.27%       -0.54%  

2017

     0.00%       to       0.15%       31       11.38       to       16.78       518       0.47%       13.80%       to       27.99%  

2016

     0.00%       8       13.11       101       0.49%       9.25%  

American Funds Global Small Cap Class 4 (AMVGS4)

 

  

2020

     0.00%       2,504       14.87       37,239       0.13%       29.39%  

2019

     0.00%       3       11.49       34       0.01%       31.24%  

American Funds Global Growth and Income Class 4 (AMVGW4)

 

  

2020

     0.00%       1,071       12.63       13,522       1.13%       8.55%  

American Funds High-Income Bond Class 4 (AMVHI4)

 

  

2020

     0.00%       13,118       13.83       181,462       5.89%       7.74%  

2019

     0.00%       13       12.84       171       2.10%       12.27%  

2018

     0.00%       5       11.44       62       1.97%       -2.64%  

2017

     0.00%       to       0.15%       54       10.29       to       11.75       637       5.58%       2.90%       to       6.62%  

2016

     0.00%       84       11.02       931       4.40%       17.36%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’ Equity*****		     Investment
Income
Ratio**		     Total Return***  

American Funds International Class 4 (AMVI4)

 

  

2020

     0.00%       36,698       16.01       587,650       0.42%       13.66%  

2019

     0.00%       46       14.09       652       1.27%       22.67%  

2018

     0.00%       51       11.49       586       1.48%       -13.35%  

2017

     0.00%       to       0.15%       57       11.59       to       13.26       762       1.66%       15.90%       to       31.81%  

2016

     0.00%       35       10.06       357       1.30%       3.29%  

American Funds International Growth and Income Class 4 (AMVIG4)

 

  

2020

     0.00%       1,016       11.34       11,524       0.83%       5.73%  

2019

     0.00%       3       10.73       31       3.23%       22.46%  

American Funds Mortgage Class 4 (AMVM4)

 

  

2020

     0.00%       2,975       12.13       36,098       0.69%       6.38%  

2019

     0.00%       8       11.41       95       2.45%       4.80%  

2018

     0.00%       7       10.88       79       0.78%       0.00%  

2017

     0.00%       to       0.15%       46       9.98       to       10.88       500       1.13%       -0.20%       to       1.02%  

2016

     0.00%       63       10.77       678       1.54%       1.99%  

American Funds New World (AMVNW4)

 

  

2020

     0.00%       80,097       17.56       1,406,887       0.03%       23.29%  

2019

     0.00%       83       14.25       1,187       0.87%       28.82%  

2018

     0.00%       66       11.06       735       0.86%       -14.26%  

2017

     0.00%       to       0.15%       39       11.40       to       12.90       504       1.33%       14.00%       to       29.13%  

2016

     0.00%       5       9.99       51       0.46%       5.05%  

American Funds US Government/AAA Rated Securities 4 (AMVUA4)

 

  

2020

     0.00%       38,876       11.84       460,134       2.10%       9.48%  

2019

     0.00%       11       10.81       121       2.49%       5.14%  

2018

     0.00%       1       20.28       11       2.75%       2.80%  

American Funds Mngd Rsk Asset Allocation P-2 (AVPAP2)

 

  

2020

     0.00%       21,333       15.23       324,923       1.57%       5.88%  

2019

     0.00%       24       14.38       349       2.32%       17.99%  

2018

     0.00%       25       12.19       303       1.35%       -4.91%  

2017

     0.00%       to       0.15%       22       10.83       to       12.82       287       0.98%       8.30%       to       14.77%  

2016

     0.00%       9       11.17       98       1.32%       7.30%  

American Funds Mngd Rsk Blue Chp Inc & Gr P-2 (AVRBP2)

 

  

2020

     0.00%       4,574       14.09       64,466       1.94%       -1.25%  

2019

     0.00%       7       14.27       99       1.59%       13.88%  

2018

     0.00%       7       12.53       89       3.47%       -7.39%  

2017

     0.00%       to       0.15%       5       11.08       to       13.53       62       1.48%       10.80%       to       15.05%  

2016

     0.00%       2       11.76       25       4.93%       13.40%  

Amundi Pioneer Bond VCT II (PIVB2)

 

  

2020

     0.00%       34,981       19.75       690,709       2.80%       8.42%  

2019

     0.00%       62       18.21       1,137       3.03%       8.89%  

2018

     0.00%       34       16.73       572       3.04%       -0.95%  

2017

     0.00%       to       0.15%       13       10.22       to       16.89       224       2.60%       2.20%       to       3.62%  

2016

     0.00%       10       16.30       166       2.54%       3.95%  

Amundi Pioneer Equity Income VCT Class II (PIVEI2)

 

  

2020

     0.00%       1,030       32.60       33,580       2.49%       -0.26%  

2019

     0.00%       1       32.69       30       2.11%       25.23%  

2018

     0.00%       6       26.10       149       1.81%       -8.77%  

2017

     0.00%       to       0.15%       11       11.16       to       28.61       329       4.16%       11.60%       to       15.18%  

2016

     0.00%       -           24.84       11       2.59%       19.54%  

Amundi Pioneer Mid Cap Value VCT Class II (PIVMV2)

 

  

2020

     0.00%       237       26.07       6,179       0.96%       1.87%  

2019

     0.00%       -           25.59       6       1.40%       28.08%  

2018

     0.00%       2       19.98       46       0.11%       -19.50%  

2017

     0.00%       to       0.15%       -           10.96       to       24.82       6       0.75%       9.60%       to       12.87%  

2016

     0.00%       -           21.99       6       0.00%       16.23%  

Amundi Pioneer Strategic Income VCT Class II (PIVSI2)

 

  

2020

     0.00%       4,251       20.60       87,579       3.26%       7.37%  

2019

     0.00%       4       19.19       86       3.11%       9.52%  

2018

     0.00%       5       17.52       93       3.00%       -1.96%  

2017

     0.00%       to       0.15%       6       10.25       to       17.87       99       3.32%       2.50%       to       4.75%  

2016

     0.00%       1       17.06       19       3.24%       7.36%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’ Equity*****		     Investment
Income
Ratio**		     Total Return***  

BlackRock Equity Dividend V.I. Cl3 (BRVED3)

 

  

2020

     0.00%       8,260       25.96       214,405       2.11%       3.57%  

2019

     0.00%       6       25.06       146       1.69%       27.46%  

BlackRock High Yield V.I. Cl3 (BRVHY3)

 

  

2020

     0.00%       63,085       17.23       1,086,877       4.96%       7.04%  

2019

     0.00%       55       16.10       890       5.13%       14.86%  

2018

     0.00%       24       14.01       329       5.23%       -2.91%  

2017

     0.00%       to       0.15%       36       10.32       to       14.43       517       4.91%       3.20%       to       7.05%  

2016

     0.00%       19       13.48       251       5.23%       12.80%  

BlackRock Total Return V.I. Cl3 (BRVTR3)

 

  

2020

     0.00%       71,816       13.70       983,680       1.79%       8.55%  

2019

     0.00%       30       12.62       373       2.60%       9.15%  

2018

     0.00%       23       11.56       260       2.43%       -0.69%  

2017

     0.00%       to       0.15%       72       10.17       to       11.64       832       2.21%       1.70%       to       3.19%  

2016

     0.00%       70       11.28       794       1.77%       2.45%  

BlackRock U.S. Government Bond V.I. Cl3 (BRVUG3)

 

  

2020

     0.00%       49,286       11.89       586,208       1.51%       6.03%  

2019

     0.00%       30       11.22       336       2.02%       6.14%  

2018

     0.00%       33       10.57       353       1.91%       0.00%  

2017

     0.00%       to       0.15%       32       10.03       to       10.57       340       1.78%       0.30%       to       1.25%  

2016

     0.00%       33       10.44       341       1.43%       0.97%  

BlackRock Advantage Large Cap Core V.I. Cl3 (BVLCC3)

 

  

2020

     0.00%       1,493       33.94       50,676       1.10%       19.50%  

2019

     0.00%       1       28.40       27       0.41%       28.56%  

2018

     0.00%       1       22.09       21       0.58%       -5.52%  

2017

     0.00%       to       0.15%       1       11.20       to       23.38       34       3.08%       12.00%       to       21.96%  

BlackRock Large Cap Focus Growth V.I. Cl3 (BVLFG3)

 

  

2020

     0.00%       2,524       49.97       126,119       0.00%       43.43%  

2019

     0.00%       15       34.84       532       0.00%       32.33%  

2018

     0.00%       5       26.33       137       0.00%       2.77%  

BlackRock Global Allocation V.I. Cl3 (MLVGA3)

 

  

2020

     0.00%       42,986       19.68       845,754       1.42%       20.71%  

2019

     0.00%       37       16.30       601       1.37%       17.76%  

2018

     0.00%       33       13.84       460       0.89%       -7.61%  

2017

     0.00%       to       0.15%       27       10.73       to       14.98       410       1.36%       7.30%       to       13.74%  

2016

     0.00%       27       13.17       358       1.31%       3.78%  

BNY Mellon Stock Index (DSIF)

 

  

2020

     0.25%       9,127       22.64       206,590       1.43%       17.71%  

2019

     0.25%       16       19.23       299       1.54%       30.86%  

2018

     0.25%       11       14.69       156       1.24%       -4.92%  

2017

     0.25%       to       0.40%       93       11.30       to       15.45       1,439       1.76%       13.00%       to       21.27%  

2016

     0.25%       81       12.74       1,038       3.34%       11.36%  

BNY Mellon Sustainable U.S. Equity (DSRG)

 

  

2020

     0.00%       1,367       43.86       59,955       0.82%       24.14%  

2019

     0.00%       1       35.33       28       1.57%       34.36%  

2018

     0.00%       2       26.29       48       1.73%       -4.43%  

2017

     0.00%       to       0.15%       2       10.74       to       27.51       50       0.93%       7.40%       to       15.35%  

2016

     0.00%       1       23.85       24       0.00%       10.37%  

BNY Mellon Small Cap Stock Index – Serv (DVSCS)

 

  

2020

     0.00%       29,223       41.48       1,212,220       1.18%       10.64%  

2019

     0.00%       37       37.49       1,396       0.68%       22.21%  

2018

     0.00%       22       30.68       667       0.70%       -8.96%  

2017

     0.00%       to       0.15%       8       10.98       to       33.70       259       0.44%       9.80%       to       12.41%  

2016

     0.00%       4       29.98       117       0.63%       25.70%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’ Equity*****		     Investment
Income
Ratio**		     Total Return***  

Calvert VP SRI Balanced Class F (CVSBF)

 

  

2020

     0.00%       4,324       17.36       75,050       0.59%       14.76%  

2019

     0.00%       22       15.12       336       0.94%       24.28%  

2018

     0.00%       5       12.17       59       1.78%       -2.64%  

2017

     0.00%       to       0.15%       5       10.73       to       12.50       61       2.02%       7.30%       to       11.31%  

2016

     0.00%       5       11.23       55       5.37%       7.36%  

CVP Seligman Global Technology - Class 2 (CLVGT2)

 

  

2020

     0.00%       5,613       104.64       587,342       0.00%       45.80%  

2019

     0.00%       11       71.77       787       0.00%       54.97%  

2018

     0.00%       6       46.31       284       0.00%       -8.46%  

2017

     0.00%       4       11.31       to       50.59       220       0.00%       13.10%       to       34.94%  

CVP Select Large Cap Value (CLVLV1)

 

  

2020

     0.00%       10,196       27.51       280,509       0.00%       7.08%  

2019

     0.00%       10       25.69       262       0.00%       26.75%  

2018

     0.00%       17       20.27       342       0.00%       -12.21%  

2017

     0.00%       17       11.56       to       23.09       385       0.00%       15.60%       to       20.95%  

CVP Strategic Income 2 (CLVSI2)

 

  

2020

     0.00%       33,591       12.87       432,336       3.53%       6.62%  

2019

     0.00%       28       12.07       341       3.03%       10.22%  

2018

     0.00%       31       10.95       341       2.25%       -0.64%  

2017

     0.00%       7       10.30       to       11.02       78       0.00%       3.00%       to       5.86%  

CVP Select Small Cap Value (CLVSV1)

 

  

2020

     0.00%       7,789       22.82       177,774       0.00%       9.19%  

2019

     0.00%       3       20.90       69       0.00%       17.74%  

2018

     0.00%       3       17.75       60       0.00%       -12.60%  

2017

     0.00%       1       11.01       to       20.31       10       0.00%       10.10%       to       12.27%  

Credit Suisse Trust Commodity Return Strategy (CSCRS)

 

  

2020

     0.00%       4,383       5.30       23,244       5.64%       -1.48%  

2019

     0.00%       4       5.38       21       0.89%       6.69%  

2018

     0.00%       4       5.05       18       2.84%       -11.56%  

2017

     0.00%       1       5.71       to       10.45       8       0.00%       1.42%       to       4.50%  

2016

     0.00%       1       5.63       8       0.00%       12.15%  

Delaware VIP Small Cap Value - Service (DWVSVS)

 

  

2020

     0.00%       21,855       14.26       311,638       1.10%       -2.18%  

2019

     0.00%       18       14.58       269       0.74%       27.72%  

2018

     0.00%       17       11.41       198       0.60%       -16.96%  

2017

     0.00%       19       10.77       to       13.74       257       0.00%       7.70%       to       11.71%  

2016

     0.00%       6       12.30       79       0.65%       31.13%  

DFA VA Equity Allocation (DFVEA)

 

  

2020

     0.25%       120,707       12.91       1,558,704       2.46%       11.88%  

2019

     0.25%       56       11.54       643       2.66%       25.60%  

2018

     0.25%       14       9.19       125       4.24%       -11.38%  

DFA VA Global Bond (DFVGB)

 

  

2020

     0.25%       124,195       11.46       1,423,516       0.03%       1.21%  

2019

     0.25%       116       11.33       1,310       2.77%       3.93%  

2018

     0.25%       97       10.90       1,055       4.50%       1.49%  

2017

     0.00%       92       10.04       to       10.74       991       0.00%       40.00%       to       1.90%  

2016

     0.25%       73       10.54       766       4.59%       1.44%  

DFA VA Global Moderate Allocation (DFVGMI)

 

  

2020

     0.25%       158,236       14.90       2,358,318       1.20%       11.01%  

2019

     0.25%       157       13.43       2,113       2.34%       17.83%  

2018

     0.25%       157       11.39       1,787       2.13%       -7.17%  

2017

     0.00%       140       10.88       to       12.27       1,713       0.00%       8.80%       to       14.25%  

2016

     0.25%       111       10.74       1,192       1.80%       8.81%  

DFA VA International Small (DFVIS)

 

  

2020

     0.25%       103,303       14.82       1,530,738       2.35%       9.14%  

2019

     0.25%       97       13.58       1,313       3.06%       23.59%  

2018

     0.25%       85       10.99       933       1.60%       -19.96%  

2017

     0.00%       65       11.60       to       13.73       887       0.00%       16.00%       to       29.65%  

2016

     0.25%       29       10.59       307       3.18%       6.01%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’ Equity*****		     Investment
Income
Ratio**		     Total Return***  

DFA VA International Value (DFVIV)

 

  

2020

     0.25%       316,208       11.04       3,492,304       2.81%       -2.01%  

2019

     0.25%       251       11.27       2,829       3.98%       15.57%  

2018

     0.25%       209       9.75       2,035       3.08%       -17.30%  

2017

     0.25%       to       0.40%       101       11.66       to       11.79       1,188       3.05%       16.60%       to       25.43%  

2016

     0.25%       80       9.40       751       4.26%       8.92%  

DFA VA Short-Term Fixed (DFVSTF)

 

  

2020

     0.25%       231,592       10.51       2,434,534       0.76%       0.35%  

2019

     0.25%       120       10.48       1,259       2.50%       2.26%  

2018

     0.25%       93       10.24       954       1.98%       1.49%  

2017

     0.25%       to       0.40%       34       10.02       to       10.09       340       1.04%       20.00%       to       0.60%  

2016

     0.25%       13       10.03       126       1.50%       0.50%  

DFA VA U.S. Large Value (DFVULV)

 

  

2020

     0.25%       219,805       16.00       3,517,921       2.41%       -1.62%  

2019

     0.25%       205       16.27       3,328       2.19%       25.47%  

2018

     0.25%       197       12.97       2,548       2.49%       -12.31%  

2017

     0.25%       to       0.40%       78       11.39       to       14.79       1,149       2.91%       13.90%       to       18.80%  

2016

     0.25%       43       12.45       536       2.60%       18.57%  

DFA VA U.S. Targeted Value (DFVUTV)

 

  

2020

     0.25%       137,718       14.51       1,997,734       2.32%       3.72%  

2019

     0.25%       75       13.99       1,044       1.52%       22.25%  

2018

     0.25%       73       11.44       831       1.01%       -16.07%  

2017

     0.25%       to       0.40%       62       10.96       to       13.63       847       1.45%       9.48%       to       9.60%  

2016

     0.25%       35       12.45       438       1.63%       27.17%  

Eaton Vance VT Floating-Rate Income (ETVFR)

 

  

2020

     0.00%       33,482       14.56       487,491       3.59%       2.00%  

2019

     0.00%       144       14.27       2,055       4.28%       7.07%  

2018

     0.00%       88       13.33       1,167       3.80%       -0.07%  

2017

     0.00%       to       0.15%       97       10.19       to       13.34       1,294       3.28%       1.90%       to       3.49%  

2016

     0.00%       95       12.89       1,227       3.39%       8.87%  

Federated Hermes High Income Bond II (FHIB)

 

  

2020

     0.00%       14,556       29.16       424,511       5.41%       5.59%  

2019

     0.00%       7       27.62       202       6.30%       14.54%  

2018

     0.00%       6       24.11       133       6.46%       -3.29%  

2017

     0.00%       to       0.15%       3       10.29       to       24.93       77       3.40%       2.90%       to       6.95%  

2016

     0.00%       1       23.31       30       0.16%       14.77%  

Federated Hermes Kaufmann II (FVK2S)

 

  

2020

     0.00%       20,413       43.37       885,391       0.00%       28.48%  

2019

     0.00%       19       33.76       628       0.00%       33.52%  

2018

     0.00%       4       25.28       112       0.00%       3.56%  

2017

     0.00%       to       0.15%       1       11.48       to       24.41       19       0.00%       14.80%       to       27.94%  

2016

     0.00%       -           19.08       9       0.00%       3.41%  

Federated Hermes Managed Volatility II (FVU2)

 

  

2020

     0.00%       13,656       29.11       397,591       1.94%       0.93%  

2019

     0.00%       10       28.85       279       1.99%       20.23%  

2018

     0.00%       9       23.99       222       3.10%       -8.50%  

2017

     0.00%       to       0.15%       5       11.08       to       26.22       139       2.69%       10.80%       to       18.11%  

2016

     0.00%       3       22.20       58       2.51%       7.71%  

Fidelity VIP Balanced – Serv II (FB2)

 

  

2020

     0.00%       43,376       27.55       1,195,141       1.21%       22.13%  

2019

     0.00%       23       22.56       528       1.43%       24.11%  

2018

     0.00%       23       18.18       417       1.22%       -4.42%  

2017

     0.00%       to       0.15%       30       10.87       to       19.02       572       1.34%       8.70%       to       16.12%  

2016

     0.00%       1       16.38       18       2.55%       6.99%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’ Equity*****		     Investment
Income
Ratio**		     Total Return***  

Fidelity VIP Contrafund – Serv II (FC2)

 

  

2020

     0.00%       82,544       36.89       3,044,649       0.06%       30.23%  

2019

     0.00%       15       28.32       437       0.27%       31.27%  

2018

     0.00%       10       21.57       206       0.48%       -6.66%  

2017

     0.00%       to       0.15%       9       11.11       to       23.11       196       1.15%       11.10%       to       21.57%  

2016

     0.00%       3       19.01       59       0.61%       7.77%  

Fidelity VIP Disciplined Small Cap – Serv II (FDSCS2)

 

  

2020

     0.00%       3,324       29.62       98,462       0.66%       18.12%  

2019

     0.00%       7       25.08       164       1.56%       23.37%  

2018

     0.00%       1       20.33       29       0.25%       -13.27%  

2017

     0.00%       to       0.15%       5       10.46       to       23.44       124       0.67%    

 

4.60%

 

     to       6.79%  

2016

     0.00%       1       21.95       14       0.86%       22.28%  

Fidelity VIP Equity-Income – Serv II (FEI2)

 

  

2019

     0.00%       1       25.70       21       1.48%       27.11%  

Fidelity VIP Growth – Serv II (FG2)

 

  

2020

     0.00%       24,757       51.03       1,263,276       0.03%       43.55%  

2019

     0.00%       10       35.55       350       0.09%       33.98%  

2018

     0.00%       45       26.53       1,186       0.01%       -0.45%  

2017

     0.00%       to       0.15%       4       11.56       to       26.65       109       0.06%       15.60%       to       34.80%  

2016

     0.00%       2       19.77       40       0.00%       0.56%  

Fidelity VIP Growth & Income – Serv II (FGI2)

 

  

2020

     0.00%       2,218       31.10       68,979       1.48%       7.59%  

2019

     0.00%       -           28.90       4       1.03%       29.68%  

Fidelity VIP Growth Opportunities – Serv II (FGO2)

 

  

2020

     0.00%       35,957       75.18       2,703,069       0.00%       68.23%  

2019

     0.00%       12       44.69       557       0.00%       40.49%  

2018

     0.00%       1       31.81       19       0.00%       12.20%  

Fidelity VIP High Income – Serv II (FHI2)

 

  

2020

     0.00%       23,173       16.87       390,891       2.78%       2.42%  

2019

     0.00%       48       16.47       785       4.40%       14.77%  

2018

     0.00%       33       14.35       475       0.00%       -3.63%  

2017

     0.00%       to       0.15%       2       10.29       to       14.89       34       3.82%       2.90%       to       6.89%  

Fidelity VIP Investment Grade Bond – Serv II (FIGBP2)

 

  

2020

     0.00%       142,568       14.85       2,117,078       1.89%       9.16%  

2019

     0.00%       86       13.60       1,171       2.87%       9.40%  

2018

     0.00%       49       12.43       603       2.09%       -0.80%  

2017

     0.00%       to       0.15%       40       10.21       to       12.53       495       2.69%       2.10%       to       3.98%  

2016

     0.00%       26       12.05       310       3.24%       4.51%  

Fidelity VIP Mid Cap – Serv II (FMC2)

 

  

2020

     0.00%       6,712       24.98       167,634       0.41%       17.87%  

2019

     0.00%       7       21.19       141       0.69%       23.17%  

2018

     0.00%       7       17.20       117       0.43%       -14.77%  

2017

     0.00%       to       0.15%       3       11.29       to       20.18       57       0.52%       12.90%       to       20.48%  

2016

     0.00%       3       16.75       44       0.39%       11.97%  

Fidelity VIP Overseas – Serv II (FO2)

 

  

2020

     0.00%       12,493       19.28       240,828       0.23%       15.33%  

2019

     0.00%       13       16.71       211       1.60%       27.50%  

2018

     0.00%       12       13.11       157       1.27%       -15.04%  

2017

     0.00%       to       0.15%       13       11.37       to       15.43       193       1.78%       13.70%       to       29.99%  

2016

     0.00%       8       11.87       92       1.40%       -5.27%  

Fidelity VIP Real Estate – Serv II (FRESS2)

 

  

2020

     0.00%       1,586       21.69       34,407       2.87%       -6.79%  

2019

     0.00%       2       23.27       36       2.16%       22.95%  

2018

     0.00%       1       18.93       20       2.52%       -6.47%  

2017

     0.00%       to       0.15%       1       10.28       to       20.24       25       1.74%       2.80%       to       3.79%  

2016

     0.00%       -           19.50       9       0.38%       5.46%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’ Equity*****		     Investment
Income
Ratio**		     Total Return***  

Fidelity VIP Value -Serv II (FV2)

 

  

2020

     0.00%       10,881       28.13       306,091       1.43%       6.02%  

2019

         0.00%       -           26.53       4       1.26%       31.88%  

Fidelity VIP Freedom Income Serv II (FVFI2)

 

  

2020

         0.00%       10,683         13.28       141,877       0.96%       10.29%  

2019

         0.00%       12         12.04       146       2.59%       11.63%  

2018

         0.00%       5         10.79       58       1.72%       -2.26%  

2017

     0.00%       to       0.15%       4       10.44       to       11.04       49       5.90%       4.40%       to       8.34%  

Fidelity VIP Intl Capital Apprec – Serv II (FVICA2)

 

  

2020

         0.00%       15,925         26.88       428,051       0.13%       21.91%  

2019

         0.00%       19         22.05       430       0.53%       32.93%  

2018

         0.00%       8         16.59       135       0.53%       -12.96%  

2017

     0.00%       to       0.15%       8       11.76       to       19.06       153       1.04%       17.60%       to       36.05%  

Fidelity VIP Strategic Income – Serv II (FVSIS2)

 

  

2020

         0.00%       21,437       15.60       334,456       2.63%       7.16%  

2019

         0.00%       32       14.56       469       4.19%       10.66%  

2018

         0.00%       21       13.16       277       3.13%       -2.81%  

2017

     0.00%       to       0.15%       18       10.38       to       13.54       244       4.90%       3.80%       to       7.55%  

2016

         0.00%       5       12.59       63       3.82%       7.98%  

First Eagle Overseas (FEOVF)

 

  

2020

         0.00%       5,445       24.85       135,316       2.75%       6.85%  

2019

         0.00%       6       23.26       144       0.46%       17.38%  

2018

         0.00%       2       19.81       43       1.08%       -10.56%  

2017

     0.00%       to       0.15%       1       10.66       to       22.15       33       0.26%       6.60%       to       14.59%  

Franklin Templeton Global Bond II (FTVGI2)

 

  

2020

         0.00%       38,603       17.03       657,514       8.28%       -5.28%  

2019

         0.00%       35       17.98       635       7.87%       2.01%  

2018

         0.00%       26       17.63       461       0.00%       1.97%  

2017

     0.00%       to       0.15%       29       9.79       to       17.29       500       0.00%       -2.10%       to       1.89%  

2016

         0.00%       19       16.97       321       0.00%       2.97%  

Franklin Global Real Estate II (FTVGR2)

 

  

2020

         0.00%       306       24.50       7,497       3.69%       -5.39%  

2019

         0.00%       -           25.90       12       2.22%       22.37%  

2018

         0.00%       -           21.16       8       3.33%       -6.78%  

2017

     0.00%       to       0.15%       -           10.66       to       22.70       9       3.96%       6.60%       to       10.46%  

Franklin Income II (FTVIS2)

 

  

2020

         0.00%       4,795       27.50       131,846       4.66%       0.69%  

2019

         0.00%       9       27.31       232       5.94%       16.06%  

2018

         0.00%       4       23.53       90       5.27%       -4.31%  

2017

     0.00%       to       0.15%       3       10.60       to       24.59       74       4.62%       6.00%       to       9.68%  

2016

         0.00%       1       22.42       27       5.44%       14.04%  

Franklin Mutual Shares II (FTVMS2)

 

  

2020

         0.00%       430       27.22       11,705       2.02%       -5.04%  

2019

         0.00%       1       28.67       37       1.39%       22.57%  

2018

         0.00%       2       23.39       42       2.49%       -9.06%  

2017

     0.00%       to       0.15%       1       10.33       to       25.72       38       1.18%       3.30%       to       8.34%  

2016

         0.00%       2       23.74       57       2.30%       16.09%  

Franklin Rising Dividends II (FTVRD2)

 

  

2020

         0.00%       9,796       19.20       188,044       0.93%       15.97%  

2019

         0.00%       18       16.55       291       1.24%       29.23%  

2018

         0.00%       13       12.81       162       1.29%       -5.04%  

2017

     0.00%       to       0.15%       17       11.27       to       13.49       224       1.69%       12.70%       to       20.55%  

2016

         0.00%       11       11.19       128       1.53%       16.08%  

Franklin Strategic Income II (FTVSI2)

 

  

2020

         0.00%       21,016         20.74       435,903       4.97%       3.43%  

2019

         0.00%       34         20.05       677       7.63%       8.05%  

2018

         0.00%       13         18.56       237       2.65%       -2.11%  

2017

     0.00%       to       0.15%       9       10.19       to       18.96       162       2.81%       1.90%       to       4.52%  

2016

         0.00%       3         18.14       56       4.19%       7.98%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

Franklin U.S. Government Securities II (FTVUG2)

 

        

2020

     0.00%       3,241       13.80       44,739       3.25%       3.83%  

2019

     0.00%       3       13.29       37       2.88%       5.23%  

2018

     0.00%       3       12.63       35       2.73%       0.32%  

2017

     0.00%       to       0.15%       3       10.05       to       12.59       36       2.70%       50.00%       to       1.29%  

2016

     0.00%       5       12.43       57       2.70%       0.73%  

Goldman Sachs VIT Multi-Strategy Alternatives (GVMSA)

 

        

2020

     0.00%       5,607       10.64       59,639       1.80%       6.58%  

2019

     0.00%       6       9.98       56       3.33%       8.60%  

2018

     0.00%       4       9.19       39       2.26%       -7.08%  

2017

     0.00%       to       0.15%       4       9.89       to       10.21       42       4.64%       2.10%       to       5.10%  

2016

     0.00%       1       9.41       10       0.71%       0.32%  

Guggenheim Var Ser Floating Rate Strategies Ser F (GVFRB)

 

        

2020

     0.00%       167,958       12.67       2,128,260       8.06%       0.01%  

2019

     0.00%       31       12.67       391       3.92%       7.60%  

2018

     0.00%       51       11.78       604       2.68%       -0.76%  

2017

     0.00%       to       0.15%       38       10.22       to       11.87       451       2.03%       2.20%       to       3.49%  

2016

     0.00%       88       11.47       1,015       3.83%       8.51%  

Guggenheim Var Ser U.S. Total Return Bond Ser E (GVTRBE)

 

        

2020

     0.00%       122,272       16.88       2,064,192       1.80%       14.21%  

2019

     0.00%       105       14.78       1,546       2.70%       4.49%  

2018

     0.00%       82       14.15       1,159       4.47%       1.14%  

2017

     0.00%       to       0.15%       69       10.39       to       13.99       959       3.08%       3.90%       to       6.71%  

2016

     0.00%       3       13.11       35       0.00%       6.85%  

Guggenheim Rydex Inverse NASDAQ-100 Strategy (RAF)

 

        

2018

     0.00%       22       1.33       29       0.00%       -2.21%  

Guggenheim Rydex Biotechnology (RBF)

 

        

2020

     0.00%       1,057       67.95       71,825       0.00%       21.31%  

2019

     0.00%       2       56.01       97       0.00%       24.67%  

2018

     0.00%       2       44.93       68       0.00%       -9.45%  

2017

     0.00%       to       0.15%       -           11.16       to       49.62       16       0.00%       11.60%       to       29.45%  

Guggenheim Rydex Banking (RBKF)

 

        

2020

     0.00%       1,561       9.28       14,482       0.00%       -8.46%  

2019

     0.00%       6       10.13       58       0.00%       28.39%  

2017

     0.00%       to       0.15%       5       9.77       to       11.24       46       0.00%       12.40%       to       12.56%  

Guggenheim Rydex Basic Materials (RBMF)

 

        

2017

     0.00%       to       0.15%       1       11.38       to       23.85       25       0.24%       13.80%       to       21.44%  

2016

     0.00%       6       19.64       121       0.00%       30.85%  

Guggenheim Rydex Consumer Products (RCPF)

 

        

2019

     0.00%       10       34.04       344       0.91%       22.33%  

2018

     0.00%       10       27.82       276       0.47%       -12.13%  

2017

     0.00%       to       0.15%       10       10.49       to       31.66       313       0.97%       4.90%       to       11.52%  

2016

     0.00%       10       28.39       274       0.79%       5.42%  

Guggenheim Rydex Electronics (RELF)

 

        

2020

     0.00%       5,131       58.18       298,510       0.00%       55.96%  

2019

     0.00%       8       37.30       308       0.00%       59.28%  

2018

     0.00%       1       23.42       27       0.00%       -12.71%  

2017

     0.00%       to       1.50%       1       11.82       to       26.83       35       0.00%       18.20%       to       31.07%  

Guggenheim Rydex Energy (RENF)

 

        

2020

     0.00%       46       7.41       341       0.85%       -34.17%  

2019

     0.00%       -           11.26       1       0.40%       6.81%  

2017

     0.00%       to       0.15%       2       10.70       to       14.15       30       0.58%       -6.29%       to       7.00%  

2016

     0.00%       1       15.10       20       0.40%       31.42%  

Guggenheim Rydex Energy Services (RESF)

 

        

2020

     0.00%       2,404       3.49       8,393       0.87%       -37.33%  

2019

     0.00%       4       5.57       21       0.00%       -0.07%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

Guggenheim Rydex Financial Services (RFSF)

 

        

2017

     0.00%       to       0.15%       2       11.22       to       14.62       28       1.13%       12.20%       to       15.57%  

2016

     0.00%       1       12.65       17       0.00%       15.84%  

Guggenheim Rydex Health Care (RHCF)

 

        

2020

     0.00%       1,662       45.03       74,847       0.00%       18.68%  

2019

     0.00%       -           37.95       19       0.00%       22.57%  

2018

     0.00%       -           30.96       15       0.00%       1.24%  

2017

     0.00%       to       0.15%       1       10.91       to       30.58       39       0.00%       9.10%       to       22.86%  

2016

     0.00%       1       24.89       15       0.00%       -9.69%  

Guggenheim Rydex High Yield Strategy (RHYS)

 

        

2020

     0.00%       12,234       13.36       163,394       0.00%           -0.47% **** 

Guggenheim Rydex Internet (RINF)

 

        

2017

     0.00%       to       0.15%       1       11.59       to       39.59       38       0.00%       15.90%       to       33.98%  

Guggenheim Rydex Inverse Gov’t Long Bond Strtgy (RJNF)

 

        

2020

     0.00%       3,182       2.63       8,379       0.50%       -21.09%  

2019

     0.00%       1       3.34       5       0.00%       -13.29%  

2018

     0.00%       1       3.85       5       0.00%       3.77%  

2017

     0.00%       to       0.15%       6       3.71       to       9.30       22       0.00%       -8.85%       to       -7.00%  

Guggenheim Rydex Leisure (RLF)

 

        

2020

     0.00%       445       37.78       16,811       0.00%       21.01%  

Guggenheim Rydex Russell 2000 1.5X Strategy (RMEK)

 

        

2018

     0.00%       7       24.91       171       0.00%       -19.57%  

Guggenheim Rydex Nova (RNF)

 

        

2020

     0.00%       3,955       50.10       198,160       0.88%       20.03%  

2019

     0.00%       4       41.74       156       0.00%       45.04%  

2017

     0.00%       to       0.15%       9       11.91       to       32.09       282       0.05%       19.10%       to       31.79%  

2016

     0.00%       9       24.35       214       0.00%       15.73%  

Guggenheim Rydex NASDAQ-100 (ROF)

 

        

2020

     0.00%       7,256       82.81       600,885       0.46%       44.96%  

2019

     0.00%       7       57.13       392       0.05%       36.86%  

2018

     0.00%       25       41.74       1,060       0.00%       -1.81%  

2017

     0.00%       to       0.15%       1       11.34       to       42.51       60       0.00%       13.40%       to       31.12%  

2016

     0.00%       1       32.42       17       0.00%       5.98%  

Guggenheim Rydex Precious Metals (RPMF)

 

        

2020

     0.00%       10,090       18.23       183,927       13.72%       34.30%  

2016

     0.00%       8       9.99       78       0.00%       65.67%  

Guggenheim Rydex Real Estate (RREF)

 

        

2020

     0.00%       2,084       20.43       42,582       2.92%       -5.82%  

2019

     0.00%       2       21.69       45       1.52%       24.43%  

2018

     0.00%       2       17.43       36       0.65%       -7.34%  

2017

     0.00%       to       0.15%       3       10.27       to       18.81       63       3.42%       2.70%       to       6.63%  

2016

     0.00%       1       17.64       16       0.00%       10.18%  

Guggenheim Rydex Retailing (RRF)

 

        

2020

     0.00%       315       45.03       14,184       0.00%       43.67%  

2017

     0.00%       to       0.15%       1       10.79       to       26.02       25       0.00%       7.90%       to       12.84%  

2016

     0.00%       1       23.06       16       0.00%       0.30%  

Guggenheim Long Short Equity (RSRF)

 

        

2019

     0.00%       2       17.34       35       0.60%       5.54%  

2018

     0.00%       1       16.43       18       0.00%       -12.93%  

Guggenheim Rydex Technology (RTEC)

 

        

2020

     0.00%       10,362       60.04       622,088       0.00%       49.25%  

2019

     0.00%       17       40.23       677       0.00%       39.75%  

2018

     0.00%       1       28.78       25       0.00%       -1.51%  

2017

     0.00%       to       0.15%       1       11.67       to       29.22       40       0.00%       16.70%       to       32.64%  

2016

     0.00%       1       22.03       16       0.00%       11.04%  

Guggenheim Rydex Telecommunications (RTEL)

 

        

2017

     0.00%       to       0.15%       2       10.42       to       15.02       24       1.26%       4.20%       to       5.85%  

2016

     0.00%       1       14.19       19       0.00%       17.37%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

Guggenheim Rydex S&P 500 2X Strategy (RTF)

 

        

2019

     0.00%       4       50.69       224       0.00%       62.52%  

2018

     0.00%       11       31.19       352       0.05%           -15.41%  

2017

     0.00%       to       0.15%       6       12.57       to       36.87       223       0.00%       25.70%       to       43.52%  

Guggenheim Rydex Transportation (RTRF)

 

        

2020

     0.00%       1,413       42.77       60,431       0.00%           40.62%  

2019

     0.00%       2       30.41       48       0.00%           22.24%  

2017

     0.00%       to       0.15%       1       11.66       to       31.12       43       0.00%       16.60%       to       22.04%  

Guggenheim Rydex Gov’t Long Bond 1.2X Strtgy (RUGB)

 

        

2019

     0.00%       2       21.48       40       0.85%           16.78%  

2018

     0.00%       1       18.40       13       1.65%           -5.30%  

Guggenheim Rydex Utilities (RUTL)

 

        

2019

     0.00%       3       30.11       85       0.04%           19.01%  

2017

     0.00%       to       0.15%       1       10.49       to       24.37       23       1.39%       4.90%       to       10.97%  

2016

     0.00%       1       21.96       16       0.00%           16.38%  

Guggenheim Multi-Hedge Strategies (RVARS)

 

        

2020

     0.00%       5,373       11.44       61,443       1.30%           7.39%  

2019

     0.00%       5       10.65       57       1.57%           5.01%  

2018

     0.00%       15       10.14       156       0.00%           -5.06%  

2017

     0.00%       to       0.15%       14       10.28       to       10.68       146       0.00%       280.00%       to       3.69%  

2016

     0.00%       7       10.30       68       0.10%           -0.48%  

Guggenheim Rydex NASDAQ-100 2X Strategy (RVF)

 

        

2020

     0.00%       4,519       299.44       1,353,172       0.27%           86.87%  

2019

     0.00%       4       160.24       712       0.19%           80.50%  

2018

     0.00%       5       88.78       449       0.00%           -9.31%  

2017

     0.00%       to       0.15%       4       12.70       to       97.89       385       0.00%       27.00%       to       69.48%  

2016

     0.00%       3       57.76       196       0.00%           9.60%  

Guggenheim Rydex S&P 500 Pure Growth (RVLCG)

 

        

2020

     0.00%       1,636       45.31       74,131       0.00%           27.32%  

2019

     0.00%       1       35.59       19       0.00%           26.60%  

Guggenheim Rydex S&P 500 Pure Value (RVLCV)

 

        

2020

     0.00%       5,006       25.58       128,041       0.49%           -10.56%  

2019

     0.00%       8       28.60       218       0.75%           23.27%  

2018

     0.00%       -           23.20       8       0.41%           -13.30%  

2017

     0.00%       to       0.15%       2       11.31       to       26.76       51       0.47%       13.10%       to       15.84%  

2016

     0.00%       1       23.10       18       1.41%           17.38%  

Guggenheim Rydex S&P MidCap 400 Pure Value (RVMCV)

 

        

2020

     0.00%       19,587       28.75       563,138       0.00%           7.42%  

Guggenheim Global Managed Futures Strategy (RVMFU)

 

        

2020

     0.00%       10,535       7.65       80,623       3.75%           2.60%  

2019

     0.00%       10       7.46       76       0.86%           8.14%  

2018

     0.00%       10       6.90       66       0.00%           -8.97%  

2017

     0.00%       to       0.15%       9       7.58       to       10.55       65       1.87%       5.50%       to       8.75%  

2016

     0.00%       1       6.97       8       3.85%           -14.79%  

Guggenheim Rydex S&P SmallCap 600 Pure Growth (RVSCG)

 

        

2020

     0.00%       6,897       35.59       245,489       0.00%           15.76%  

2016

     0.00%       -           25.87       3       0.00%           18.72%  

Guggenheim Rydex S&P SmallCap 600 Pure Value (RVSCV)

 

        

2020

     0.00%       12,940       19.77       255,847       0.00%           -5.97%  

2016

     0.00%       1       22.00       30       0.00%           31.74%  

Guggenheim Rydex Strengthening Dollar 2X Strategy (RVSDL)

 

        

2018

     0.00%       -           8.38       2       0.00%           11.73%  

Guggenheim Var Ser StylePlus Mid Growth Ser J (SBLJ)

 

        

2019

     0.00%       1       28.98       16       0.81%           32.70%  

2018

     0.00%       1       21.84       12       1.30%           -7.10%  

2017

     0.00%       to       0.15%       1       11.44       to       23.51       15       1.02%       14.40%       to       24.66%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

Guggenheim Var Ser High Yield Ser P (SBLP)

 

            

2019

     0.00%       13       16.47       208       7.36%       11.71%  

2018

     0.00%       8       14.74       123       5.79%       -4.10%  

2017

     0.00%       to       0.15%       10       10.29       to       15.37       160       7.93%       2.90%       to       6.22%  

Guggenheim Var Ser Small Cap Value Ser Q (SBLQ)

 

        

2020

     0.00%       917       21.82       20,013       1.07%       -0.97%  

2019

     0.00%       1       22.04       20       0.80%       22.58%  

2018

     0.00%       1       17.98       17       0.32%       -12.68%  

2017

     0.00%       to       0.15%       1       10.32       to       20.59       19       0.00%       3.20%       to       3.73%  

Guggenheim Var Ser StylePlus Large Growth Ser Y (SBLY)

 

        

2020

     0.00%       1,423       43.73       62,223       1.29%       37.87%  

2019

     0.00%       1       31.72       45       1.96%       33.92%  

2018

     0.00%       1       23.68       34       1.59%       -3.66%  

2017

     0.00%       to       0.15%       1       11.64       to       24.58       35       1.57%       16.40%       to       30.12%  

Invesco V.I. Comstock I (ACC1)

 

        

2020

     0.00%       12,418       25.95       322,265       0.00%           -0.85% **** 

Invesco V.I. International Growth I (AVIE)

 

        

2020

     0.00%       6,664       16.87       112,409       2.72%       14.00%  

2019

     0.00%       4       14.80       62       0.14%       28.57%  

2018

     0.00%       2       11.51       19       2.07%       -14.99%  

2017

     0.00%       to       0.15%       2       11.12       to       13.54       22       1.43%       11.20%       to       23.09%  

2016

     0.00%       1       11.00       13       0.00%       -0.45%  

Invesco V.I. Balanced Risk Allocation II (IVBRA2)

 

        

2020

     0.00%       24,466       15.37       376,011       7.86%       9.99%  

2019

     0.00%       23       13.97       324       0.00%       14.88%  

2018

     0.00%       24       12.16       295       2.22%       -6.75%  

2017

     0.00%       to       0.15%       6       10.69       to       13.04       72       6.40%       6.90%       to       9.86%  

2016

     0.00%       -           11.87       -           1.53%       11.56%  

Invesco V.I. Core Plus Bond I (IVCPBI)

 

        

2020

     0.00%       78,080       12.96       1,011,966       2.44%       9.72%  

2019

     0.00%       36       11.81       422       2.77%       11.06%  

2018

     0.00%       26       10.64       274       3.71%       -2.30%  

2017

     0.00%       to       0.15%       17       10.31       to       10.89       184       0.00%       3.10%       to       6.35%  

Invesco V.I. Diversified Dividend I (IVDDI)

 

        

2020

     0.00%       8,096       23.85       193,111       3.00%       0.14%  

2019

     0.00%       15       23.82       357       2.54%       25.09%  

2018

     0.00%       18       19.04       340       2.34%       -7.57%  

2017

     0.00%       to       0.15%       14       10.59       to       20.60       290       1.72%       5.90%       to       8.59%  

2016

     0.00%       10       18.97       193       1.29%       14.76%  

Invesco V.I. Government Money Market I (IVGMMI)

 

        

2020

     0.00%       438,592       10.45       4,585,262       0.26%       0.29%  

2019

     0.00%       539       10.42       5,623       1.93%       1.89%  

2018

     0.00%       1,177       10.23       12,046       1.57%       1.59%  

2017

     0.00%       to       0.15%       798       10.03       to       10.07       8,035       0.61%       0.30%       to       0.50%  

2016

     0.00%       328       10.02       3,286       0.10%       0.10%  

Invesco V.I. Government Securities I (IVGS1)

 

        

2020

     0.00%       247       15.78       3,898       2.43%       6.27%  

2019

     0.00%       -           14.85       4       0.32%       6.07%  

2018

     0.00%       34       14.00       482       2.64%       0.57%  

2017

     0.00%       to       0.15%       -           10.10       to       13.92       4       2.34%       1.00%       to       1.98%  

2016

     0.00%       1       13.65       8       2.12%       1.19%  

Invesco V.I. Health Care I (IVHS)

 

        

2020

     0.00%       2,317       43.58       100,971       0.32%       14.46%  

2019

     0.00%       2       38.07       88       0.05%       32.50%  

2018

     0.00%       -           28.73       13       0.00%       0.88%  

2017

     0.00%       to       0.15%       -           10.34       to       28.48       13       0.85%       3.40%       to       15.87%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

Invesco V.I. Equity and Income I (IVKEI1)

 

        

2020

     0.00%       33,820       23.65       799,960       2.69%       9.95%  

2019

     0.00%       28       21.51       592       2.43%       20.36%  

2018

     0.00%       30       17.87       540       2.38%       -9.52%  

2017

     0.00%       to       0.15%       23       10.78       to       19.75       458       2.37%       7.80%       to       11.02%  

2016

     0.00%       5       17.79       94       3.28%       15.15%  

Invesco V.I. Mid Cap Core Equity II (IVMCC2)

 

        

2020

     0.00%       770       29.04       22,363       0.50%       8.94%  

2019

     0.00%       1       26.66       21       0.17%       25.04%  

2018

     0.00%       -           21.32       6       0.04%       -11.61%  

2017

     0.00%       to       0.15%       -           10.79       to       24.12       7       0.17%       7.90%       to       14.64%  

2016

     0.00%       -           21.04       6       0.00%       13.18%  

Invesco V.I. Global Real Estate I (IVRE)

 

        

2020

     0.00%       12,115       21.90       265,373       5.24%       -12.32%  

2019

     0.00%       10       24.98       241       4.44%       23.00%  

2018

     0.00%       7       20.31       138       3.73%       -6.15%  

2017

     0.00%       to       0.15%       3       10.78       to       21.64       71       3.61%       7.80%       to       13.06%  

2016

     0.00%       1       19.14       24       1.60%       2.03%  

Invesco V.I. Technology I (IVT)

 

        

2020

     0.00%       7,270       60.80       442,004       0.00%       46.11%  

2019

     0.00%       9       41.61       378       0.00%       35.88%  

2018

     0.00%       8       30.62       244       0.00%       -0.46%  

2017

     0.00%       to       0.15%       3       11.47       to       30.76       101       0.00%       14.70%       to       35.15%  

2016

     0.00%       -           22.76       5       0.00%       -0.78%  

Invesco Oppenheimer V.I. Main Street - S2 (OVGIS)

 

        

2018

     0.00%       2       21.78       36       1.84%       -8.10%  

Invesco Oppenheimer V.I. Global - S2 (OVGSS)

 

        

2020

     0.00%       6,582       32.25       212,302       0.41%       27.34%  

2019

     0.00%       9       25.33       216       0.57%       31.45%  

2018

     0.00%       2       19.27       34       0.53%       -13.39%  

2017

     0.00%       to       0.15%       3       11.79       to       22.25       62       0.61%       17.90%       to       36.34%  

Invesco Oppenheimer V.I. International Growth - S2 (OVIGS)

 

        

2020

     0.00%       5,713       22.70       129,680       0.70%       21.04%  

2019

     0.00%       3       18.75       65       0.79%       27.95%  

2018

     0.00%       4       14.66       56       0.61%       -19.54%  

2017

     0.00%       to       0.15%       3       11.23       to       18.22       51       0.95%       12.30%       to       26.44%  

2016

     0.00%       2       14.41       22       0.78%       -2.70%  

Invesco Oppenheimer V.I. Global Strategic Inc - S2 (OVSBS)

 

        

2020

     0.00%       9,705       13.86       134,468       4.43%       2.99%  

2019

     0.00%       2       13.45       21       3.38%       10.61%  

2018

     0.00%       2       12.16       19       4.54%       -4.55%  

2017

     0.00%       to       0.15%       2       10.29       to       12.74       20       0.00%       2.90%       to       5.99%  

Invesco Oppenheimer V.I. Total Return Bond - S2 (OVTRBS)

 

        

2020

     0.00%       8,772       15.15       132,929       2.03%       9.43%  

2019

     0.00%       14       13.85       189       3.32%       9.25%  

2018

     0.00%       14       12.68       182       2.98%       -1.25%  

2017

     0.00%       to       0.15%       9       10.25       to       12.84       117       1.96%       2.50%       to       4.31%  

2016

     0.00%       3       12.31       38       4.01%       3.10%  

Ivy VIP Asset Strategy (WRASP)

 

        

2016

     0.00%       4       12.67       50       0.00%       -2.54%  

Ivy VIP Corporate Bond (WRBDP)

 

        

2020

     0.00%       93,121       16.13       1,502,294       1.83%       10.97%  

2019

     0.00%       54       14.54       791       0.00%       12.18%  

Ivy VIP Balanced (WRBP)

 

        

2020

     0.00%       4,210       27.57       116,063       0.00%       14.11%  

2019

     0.00%       2       24.16       40       0.00%       22.09%  

Ivy VIP Energy (WRENG)

 

        

2020

     0.00%       308       5.26       1,620       0.88%       -36.83%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

Ivy VIP Global Bond (WRGBP)

 

        

2020

     0.00%       16,045       13.93       223,447       3.79%       8.15%  

2019

     0.00%       10       12.88       133       3.07%       9.42%  

2018

     0.00%       9       11.77       106       2.56%       -0.17%  

2017

     0.00%       to       0.15%       3       10.21       to       11.79       38       1.63%       2.10%       to       4.24%  

2016

     0.00%       1       11.31       15       0.00%       7.10%  

Ivy VIP Natural Resources (WRGNR)

 

        

2020

     0.00%       7,967       6.08       48,443       2.29%       -11.99%  

2019

     0.00%       8       6.91       55       0.98%       9.46%  

2018

     0.00%       8       6.31       50       0.31%       -23.24%  

Ivy VIP High Income (WRHIP)

 

        

2020

     0.00%       20,790       22.18       461,062       71.26%       6.03%  

2019

     0.00%       2       20.92       34       5.35%       11.19%  

2018

     0.00%       5       18.81       99       4.86%       -2.13%  

2017

     0.00%       to       0.15%       1       10.30       to       19.22       15       3.03%       3.00%       to       6.72%  

2016

     0.00%       -           18.01       1       7.26%       16.19%  

Ivy VIP Limited-Term Bond (WRLTBP)

 

        

2020

     0.00%       2,915       11.45       33,383       2.58%       4.14%  

2019

     0.00%       3       11.00       28       1.80%       4.23%  

2018

     0.00%       3       10.55       27       1.66%       0.76%  

2017

     0.00%       to       0.15%       3       10.04       to       10.47       27       0.77%       0.40%       to       1.45%  

2016

     0.00%       -           10.32       5       0.00%       1.88%  

Ivy VIP Mid Cap Growth (WRMCG)

 

        

2020

     0.00%       1,581       56.89       89,935       0.00%       49.00%  

Ivy VIP Science and Technology (WRSTP)

 

        

2020

     0.00%       6,290       58.39       367,287       0.00%       35.36%  

2019

     0.00%       8       43.14       349       0.00%       49.48%  

2018

     0.00%       1       28.86       42       0.00%       -5.22%  

2017

     0.00%       to       0.15%       1       11.58       to       30.45       45       0.00%       15.80%       to       32.10%  

Ivy VIP Value (WRVP)

 

        

2020

     0.00%       1,204       28.50       34,316       1.98%       1.98%  

2019

     0.00%       1       27.95       35       0.00%       26.33%  

Janus Henderson Balanced - Inst (JABIN)

 

        

2020

     0.00%       82,731       31.89       2,638,596       2.40%       14.31%  

2019

     0.00%       91       27.90       2,536       1.92%       22.59%  

2018

     0.00%       62       22.76       1,401       2.27%       0.66%  

2017

     0.00%       to       0.15%       51       11.13       to       22.61       1,157       1.79%       11.30%       to       18.44%  

2016

     0.00%       30       19.09       576       2.37%       4.60%  

Janus Henderson Enterprise - Inst (JAEI)

 

        

2020

     0.00%       15,825       54.58       863,675       0.11%       19.47%  

2019

     0.00%       21       45.68       970       0.20%       35.49%  

2018

     0.00%       16       33.72       542       0.24%       -0.41%  

2017

     0.00%       to       0.15%       17       11.61       to       33.86       572       0.60%       16.10%       to       27.44%  

2016

     0.00%       9       26.57       245       0.91%       12.35%  

Janus Henderson Flexible Bond - Serv (JAFBS)

 

        

2020

     0.00%       15,356       13.70       210,312       2.56%       10.25%  

2019

     0.00%       13       12.42       161       2.85%       9.28%  

2018

     0.00%       13       11.37       150       2.54%       -1.30%  

2017

     0.00%       to       0.15%       30       10.16       to       11.52       341       2.54%       1.60%       to       3.41%  

2016

     0.00%       26       11.14       290       2.97%       2.20%  

Janus Henderson Forty - Inst (JAFRIN)

 

        

2020

     0.00%       26,514       53.77       1,425,779       0.67%       39.40%  

2019

     0.00%       37       38.58       1,411       0.16%       37.16%  

2018

     0.00%       25       28.12       690       0.00%       1.96%  

2017

     0.00%       to       0.15%       20       11.26       to       27.58       545       0.00%       12.60%       to       30.34%  

2016

     0.00%       2       21.16       39       1.01%       2.17%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

Janus Henderson Global Research - Inst (JAGRIN)

 

        

2020

     0.00%       2,741       28.28       77,505       0.80%       20.06%  

2019

     0.00%       3       23.55       59       1.38%       29.04%  

2018

     0.00%       1       18.25       21       1.74%       -6.89%  

2017

     0.00%       to       0.15%       -           11.39       to       19.60       5       0.00%       13.90%       to       27.03%  

Janus Henderson Overseas - Inst (JAIG)

 

        

2020

     0.00%       4,631       17.69       81,907       1.28%       16.30%  

2019

     0.00%       2       15.21       25       1.80%       27.02%  

2018

     0.00%       1       11.97       17       1.93%       -14.99%  

2017

     0.00%       to       0.15%       1       11.44       to       14.08       20       1.70%       14.40%       to       31.10%  

Janus Henderson Research - Inst (JARIN)

 

        

2020

     0.00%       1,310       44.66       58,509       0.54%       32.95%  

2019

     0.00%       1       33.59       44       0.45%       35.52%  

2018

     0.00%       5       24.79       131       0.55%       -2.56%  

2017

     0.00%       to       0.15%       6       11.28       to       25.44       146       0.43%       12.80%       to       27.84%  

2016

     0.00%       5       19.90       93       0.57%       0.51%  

Janus Henderson US Low Volatility - Serv (JIULVV)

 

        

2020

     0.00%       38,424       15.15       582,169       2.03%       3.51%  

2019

     0.00%       25       14.64       366       1.17%       28.05%  

2018

     0.00%       3       11.43       34       1.84%       -4.59%  

2017

     0.00%       to       0.15%       1       10.98       to       11.98       17       2.14%       9.80%       to       15.41%  

Janus Henderson Mid Cap Value - Inst (JMCVIN)

 

        

2020

     0.00%       12,117       24.20       293,228       1.29%       -0.92%  

2019

     0.00%       8       24.42       205       1.36%       30.35%  

2018

     0.00%       5       18.74       95       1.13%       -13.64%  

2017

     0.00%       to       0.15%       4       11.01       to       21.70       85       0.83%       10.10%       to       13.97%  

2016

     0.00%       2       19.04       46       1.03%       19.00%  

JHancock Emerging Markets Value Trust NAV (JHEVTN)

 

        

2020

     0.10%       42,910       14.46       620,305       2.50%       3.62%  

2019

     0.10%       41       13.95       569       3.65%       10.78%  

2018

     0.10%       29       12.59       364       4.76%       -13.59%  

2017

     0.10%       to       0.25%       3       11.57       to       14.57       42       1.54%       15.70%       to       32.58%  

2016

     0.10%       3       10.99       30       4.11%       17.92%  

JPMorgan Global Allocation Class 2 (JPIGA2)

 

        

2020

     0.00%       36,491       15.21       554,963       1.54%       15.40%  

2019

     0.00%       40       13.18       531       1.89%       16.58%  

2018

     0.00%       20       11.30       229       0.00%       -6.38%  

2017

     0.00%       to       0.15%       42       10.94       to       12.07       510       1.52%       9.40%       to       16.84%  

2016

     0.00%       8       10.33       81       4.05%       5.84%  

JPMorgan Income Builder Class 2 (JPIIB2)

 

        

2020

     0.00%       20,425       13.29       271,502       2.66%       5.21%  

2019

     0.00%       54       12.63       687       1.41%       14.27%  

2018

     0.00%       18       11.06       196       0.00%       -4.90%  

2017

     0.00%       to       0.15%       18       10.71       to       11.63       206       3.54%       7.10%       to       11.72%  

2016

     0.00%       18       10.41       185       8.97%       6.22%  

Lazard Retirement Emerging Markets Equity (LZREMS)

 

        

2020

     0.00%       9,460       28.47       269,325       2.28%       -1.27%  

2019

     0.00%       12       28.84       338       0.80%       18.14%  

2018

     0.00%       12       24.41       301       1.78%       -18.55%  

2017

     0.00%       to       0.15%       7       11.32       to       29.97       221       2.43%       13.20%       to       27.80%  

2016

     0.00%       3       23.45       78       1.21%       20.81%  

Lazard Retirement Global Dynamic Multi-Asset (LZRGDM)

 

        

2019

     0.00%       4       17.42       69       0.05%       17.79%  

Lazard Retirement International Equity (LZRIES)

 

        

2020

     0.00%       10,370       22.15       229,648       1.66%       8.24%  

2019

     0.00%       13       20.46       262       0.34%       21.00%  

2018

     0.00%       14       16.91       239       0.58%       -13.90%  

2017

     0.00%       to       0.15%       55       11.25       to       19.64       1,088       2.99%       12.50%       to       22.37%  

2016

     0.00%       35       16.05       565       1.55%       -4.29%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

Lazard Retirement US Small-Mid Cap Equity (LZRUSM)

 

        

2020

     0.00%       5,420       33.82       183,312       0.19%       6.76%  

2019

     0.00%       5       31.68       161       0.00%       29.93%  

2018

     0.00%       7       24.38       171       0.03%       -13.24%  

2017

     0.00%       to       0.15%       7       11.22       to       28.10       208       0.31%       12.20%       to       13.95%  

2016

     0.00%       7       24.66       170       0.00%       15.77%  

LMCBV Aggressive Growth I (LPVCAI)

 

        

2020

     0.00%       722       32.76       23,652       0.84%       18.02%  

2019

     0.00%       1       27.76       21       0.98%       25.07%  

2018

     0.00%       1       22.19       18       0.70%       -8.34%  

2017

     0.00%       to       0.15%       -           10.59       to       24.21       8       0.88%       5.80%       to       16.28%  

LMCBV Dividend Strategy I (LPVCII)

 

        

2020

     0.00%       9,965       28.25       281,477       2.16%       7.67%  

LM QS Dynamic Multi Strategy II (LPVQD2)

 

        

2020

     0.00%       1,128       13.56       15,300       1.68%       -8.31%  

2019

     0.00%       1       14.79       17       2.09%       15.51%  

2018

     0.00%       1       12.81       15       2.17%       -7.24%  

LMCBV Large Cap Growth I (LVCLGI)

 

        

2020

     0.00%       14,137       47.29       668,563       0.02%       30.74%  

2019

     0.00%       7       36.17       250       0.43%       32.16%  

2018

     0.00%       2       27.37       62       0.29%       0.00%  

2017

     0.00%       to       0.15%       3       11.43       to       27.37       76       0.30%       14.30%       to       25.78%  

2016

     0.00%       2       21.76       42       0.56%       7.40%  

LMCBV Small Cap Growth II (SBVSG2)

 

        

2020

     0.00%       37,979       35.83       1,360,769       0.00%       42.91%  

2019

     0.00%       34       25.07       861       0.00%       26.55%  

2018

     0.00%       24       19.81       480       0.00%       3.18%  

2017

     0.00%       to       0.15%       6       11.48       to       19.20       109       0.00%       14.80%       to       23.95%  

2016

     0.00%       5       15.49       79       0.00%       5.52%  

LMWAV Global High Yield Bond I (SBVHY)

 

        

2020

     0.00%       2,977       25.63       76,298       1.70%       7.32%  

2019

     0.00%       3       23.88       71       4.55%       14.39%  

2018

     0.00%       3       20.88       62       4.35%       -3.91%  

2017

     0.00%       to       0.15%       5       10.36       to       21.73       99       9.60%       3.60%       to       8.65%  

2016

     0.00%       -           20.00       3       4.04%       15.61%  

Lord Abbett Bond Debenture (LOVBD)

 

        

2020

     0.00%       120,747       23.15       2,795,339       11.29%       7.30%  

2019

     0.00%       83       21.57       1,780       6.19%       13.35%  

2018

     0.00%       7       19.03       142       1.77%       -4.03%  

2017

     0.00%       to       0.15%       54       10.51       to       19.83       1,068       5.85%       5.10%       to       9.20%  

2016

     0.00%       10       18.16       176       0.95%       12.17%  

Lord Abbett Dividend Growth (LOVCDG)

 

        

2020

     0.00%       9,964       39.72       395,739       1.06%       15.42%  

2019

     0.00%       10       34.41       329       1.52%       26.45%  

2017

     0.00%       to       0.15%       12       11.31       to       28.55       348       1.76%       13.10%       to       19.11%  

2016

     0.00%       12       23.97       292       7.62%       15.13%  

MainStay VP MacKay Convertible Service (MNCPS)

 

        

2020

     0.00%       71,961       17.13       1,232,931       0.45%       35.70%  

2019

     0.00%       57       12.63       719       1.19%       22.15%  

2018

     0.00%       21       10.34       214       1.37%       -2.45%  

2017

     0.00%       to       0.15%       8       10.59       to       10.60       87       3.98%       5.90%       to       6.00% **** 

MFS Growth Series - Service (MEGSS)

 

        

2020

     0.00%       17,141       24.56       421,051       0.00%       31.54%  

2019

     0.00%       8       18.67       150       0.00%       37.78%  

2018

     0.00%       6       13.55       81       0.00%       2.34%  

2017

     0.00%       to       0.15%       18       11.50       to       13.24       236       0.00%       15.00%       to       31.09%  

2016

     0.00%       19       10.10       196       0.00%       2.23%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

MFS VIT New Discovery Series - Service (MNDSC)

 

        

2020

     0.00%       3,835       16.46       63,117       0.00%         64.58% **** 

MFS Value Series - Service (MVFSC)

 

        

2020

     0.00%       24,003       15.34       368,319       1.00%       3.22%  

2019

     0.00%       13       14.87       187       2.04%       29.51%  

2018

     0.00%       9       11.48       101       1.31%       -10.38%  

2017

     0.00%       to       0.15%       18       11.16       to       12.81       233       1.72%       11.60%       to       17.42%  

2016

     0.00%       20       10.91       221       2.13%       13.76%  

NW DoubleLine NVIT Total Return Tactical Cl Y (DTRTFY)

 

        

2020

     0.25%       141,016       11.11       1,566,865       2.75%       3.83%  

2019

     0.25%       131       10.70       1,401       4.75%       6.77%  

2018

     0.25%       46       10.02       461       3.15%       0.30%  

2017

     0.25%       to       0.40%       12       9.99       118       3.95%         -0.10% **** 

NVIT S&P 500 Index - Class Y (GVEXD)

 

        

2020

     0.25%       157,921       22.79       3,598,528       2.29%       17.94%  

2019

     0.25%       75       19.32       1,458       2.17%       31.00%  

2018

     0.25%       76       14.75       1,116       2.24%       -4.78%  

2017

     0.25%       to       0.40%       64       11.31       to       15.49       996       3.46%       13.10%       to       21.30%  

2016

     0.25%       2       12.77       24       2.27%       11.53%  

NVIT International Index - Class Y (GVIXY)

 

        

2020

     0.25%       133,893       13.23       1,771,171       2.45%       7.39%  

2019

     0.25%       164       12.32       2,014       3.87%       21.58%  

2018

     0.25%       138       10.13       1,398       3.60%       -13.86%  

2017

     0.25%       to       0.40%       83       11.26       to       11.76       978       4.20%       12.60%       to       24.84%  

2016

     0.25%       30       9.42       282       3.61%       0.75%  

NVIT Mid Cap Index - Class Y (MCIFD)

 

        

2020

     0.25%       40,344       18.63       751,618       1.39%       13.00%  

2019

     0.25%       42       16.49       692       1.71%       25.58%  

2018

     0.25%       32       13.13       414       1.59%       -11.52%  

2017

     0.25%       to       0.40%       15       11.01       to       14.84       222       1.95%       10.10%       to       15.67%  

2016

     0.25%       4       12.83       49       1.86%       20.24%  

NVIT Bond Index - Class Y (NVBXD)

 

        

2020

     0.25%       25,314       12.83       324,855       2.21%       7.07%  

2019

     0.25%       28       11.99       333       2.64%       8.35%  

2018

     0.25%       28       11.06       312       3.78%       -0.54%  

2017

     0.25%       to       0.40%       6       10.17       to       11.12       66       5.76%       1.70%       to       3.06%  

2016

     0.25%       2       10.79       25       2.75%       2.08%  

NVIT Multi-Manager Mid Cap Value I (NVMMV1)

 

        

2020

     0.00%       18,749       11.55       216,625       2.24%       -1.07%  

2019

     0.00%       19       11.68       217       2.60%       23.97%  

2018

     0.00%       16       9.42       148       2.98%       -13.10%  

2017

     0.00%       to       0.15%       5       10.83       to       10.84       49       0.00%       8.30%       to       8.40% **** 

NVIT Small Cap Index - Class Y (NVSIXD)

 

        

2020

     0.25%       85,160       18.25       1,554,446       1.52%       19.42%  

2019

     0.25%       43       15.29       656       1.68%       25.09%  

2018

     0.25%       22       12.22       267       2.03%       -11.32%  

2017

     0.25%       to       0.40%       11       10.98       to       13.78       145       2.42%       9.80%       to       14.26%  

2016

     0.25%       2       12.06       19       1.64%       20.96%  

NVIT Government Money Market (SAMY)

 

        

2020

     0.00%       773,607       10.15       7,853,007       0.12%       0.29%  

2019

     0.00%       60       10.12       608       1.06%         1.21% **** 

Nationwide NVIT AQR Large Cap Defensive Style Class 1 (TRF)

 

        

2020

     0.00%       287       14.22       4,082       0.00%         10.35% **** 

Neuberger Berman AMT Mid Cap Growth Class I (AMCG)

 

        

2020

     0.00%       7,650       61.03       466,844       0.00%       39.98%  

2019

     0.00%       3       43.60       112       0.00%       32.75%  

2018

     0.00%       3       32.84       114       0.00%       -6.41%  

2017

     0.00%       to       0.15%       4       11.46       to       35.09       129       0.00%       14.60%       to       25.28%  

2016

     0.00%       2       28.01       68       0.00%       4.40%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

Neuberger Berman AMT Mid Cap Intrinsic Value I (AMRI)

 

          

2020

     0.00%       2,151       27.12       58,341       0.95%       -2.62%  

2019

     0.00%       4       27.85       120       0.75%       16.74%  

2018

     0.00%       7       23.86       157       0.44%       -15.27%  

2017

     0.00%       to       0.15%       8       10.89       to       28.16       232       0.85%       8.90%       to       16.75%  

2016

     0.00%       7       24.12       169       0.76%       16.18%  

Neuberger Berman AMT Sustainable Equity Class I (AMSRS)

 

        

2018

     0.00%       1       26.80       20       0.49%       -5.73%  

2017

     0.00%       1       28.43       21       0.53%       18.41%  

2016

     0.00%       1       24.01       18       1.45%       9.89%  

Neuberger Berman AMT Short Duration Bond (AMTB)

 

        

2020

     0.00%       5,233       13.44       70,319       1.65%       3.46%  

2019

     0.00%       9       12.99       123       2.01%       3.69%  

2018

     0.00%       9       12.53       115       1.58%       1.05%  

2017

     0.00%       to       0.15%       7       10.02       to       12.40       87       1.29%       0.20%       to       0.90%  

2016

     0.00%       4       12.29       44       1.12%       1.24%  

Neuberger Berman AMT US Equity Index PutWrite Strategy (NBARMS)

 

        

2020

     0.00%       2,975       11.42       33,973       0.86%       8.26%  

2019

     0.00%       3       10.55       31       0.16%       15.26%  

2018

     0.00%       3       9.15       27       0.00%       -6.82%  

2017

     0.00%       to       0.15%       3       9.82       to       10.57       29       0.00%       5.70%       to       6.74%  

2016

     0.00%       3       9.20       27       0.00%       -0.65%  

Ntrn Lts 7Twelve Balanced Cl 3 (NO7TB3)

 

        

2020

     0.00%       21,073       12.18       256,674       2.00%       5.40%  

2019

     0.00%       23       11.56       261       1.57%       15.12%  

2018

     0.00%       21       10.04       215       1.00%       -8.48%  

2017

     0.00%       to       0.15%       19       10.70       to       10.97       213       0.83%       7.00%       to       10.58%  

Ntrn Lts TOPS Managed Risk Balanced ETF - Class 2 (NOTB2)

 

        

2020

     0.00%       13,582       15.54       211,096       2.34%       5.90% ****  

Ntrn Lts BTS Tactical Fixed Income VIT CL 2 (NOTBBA)

 

        

2020

     0.00%       721       11.15       8,039       2.29%       2.42%  

2019

     0.00%       1       10.89       7       4.33%       2.95%  

2018

     0.00%       1       10.57       7       1.83%       -6.13%  

2017

     0.00%       to       0.15%       1       10.04       to       11.26       13       1.48%       0.40%       to       2.93%  

2016

     0.00%       3       10.94       27       0.02%       13.13%  

Ntrn Lts Power Dividend Index (NOVPDI)

 

        

2020

     0.00%       490       13.80       6,761       2.16%       -7.25%  

2019

     0.00%       4       14.88       57       1.42%       -2.84%  

2018

     0.00%       4       15.31       59       1.94%       -8.05%  

Ntrn Lts Power Momentum (NOVPM)

 

        

2020

     0.00%       304       20.06       6,098       0.18%       -1.20%  

2019

     0.00%       -           20.30       6       0.80%       7.87%  

2018

     0.00%       -           18.82       6       0.31%       -2.64%  

2017

     0.00%       to       0.15%       -           11.30       to       19.33       6       1.37%       13.00%       to       20.89%  

2016

     0.00%       -           15.99       5       0.00%       5.41%  

PIMCO VIT Dynamic Bond - Admin (PMUBAM)

 

        

2020

     0.00%       1,349       13.07       17,635       4.84%       4.81%  

2019

     0.00%       2       12.47       19       5.17%       4.93%  

2018

     0.00%       39       11.89       462       2.97%       1.02%  

2017

     0.00%       to       0.15%       5       10.24       to       11.77       58       1.75%       2.40%       to       5.09%  

2016

     0.00%       3       11.20       39       1.69%       4.67%  

PIMCO VIT All Asset - Admin (PMVAAA)

 

        

2020

     0.00%       2,025       20.69       41,905       5.02%       8.01%  

2019

     0.00%       1       19.16       26       0.65%       11.90%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

PIMCO VIT Emerging Markets Bond - Admin (PMVEBA)

 

                

2020

     0.00%       13,712       24.09       330,306       5.26%       6.71%  

2019

     0.00%       15       22.58       333       4.53%       14.77%  

2018

     0.00%       13       19.67       255       4.07%       -4.75%  

2017

     0.00%       to       0.15%       16       10.38       to       20.65       333       5.05%       3.80%       to       9.90%  

2016

     0.00%       10       18.79       181       5.29%       13.33%  

PIMCO VIT International Bond (Unhedged) - Admin (PMVFBA)

 

          

2018

     0.00%       1       13.62       18       4.46%       -3.95%  

PIMCO VIT International Bond (US Dollar Hedged) - Admin (PMVFHA)

 

          

2020

     0.00%       25,207       21.93       552,754       6.02%       5.56%  

2019

     0.00%       26       20.77       551       1.77%       7.01%  

2018

     0.00%       19       19.41       370       1.34%       2.10%  

2017

     0.00%       to       0.15%       11       10.18       to       19.01       211       5.04%       1.80%       to       2.76%  

2016

     0.00%       10       18.50       176       1.59%       6.51%  

PIMCO VIT Global Bond Opportunities Unhedged - Admin (PMVGBA)

 

          

2020

     0.00%       7,475       19.03       142,243       2.39%       10.12%  

2019

     0.00%       6       17.28       112       2.39%       6.12%  

2018

     0.00%       2       16.28       36       8.07%       -4.24%  

2017

     0.00%       to       0.15%       2       10.49       to       17.00       39       1.98%       4.90%       to       8.63%  

2016

     0.00%       2       15.65       35       1.55%       4.06%  

PIMCO VIT High Yield - Admin (PMVHYA)

 

            

2020

     0.00%       16,783       24.28       407,484       4.84%       5.75%  

2019

     0.00%       19       22.96       442       4.98%       14.72%  

2018

     0.00%       16       20.01       312       5.20%       -2.68%  

2017

     0.00%       to       0.15%       10       10.30       to       20.56       204       4.84%       3.00%       to       6.64%  

2016

     0.00%       1       19.28       26       5.21%       12.42%  

PIMCO VIT Income - Admin (PMVID)

 

            

2020

     0.00%       292,327       13.24       3,868,988       4.64%       6.51%  

2019

     0.00%       343       12.43       4,260       3.47%       8.57%  

2018

     0.00%       89       11.45       1,016       3.19%       0.44%  

2017

     0.00%       to       0.15%       60       10.47       to       11.40       684       2.61%       4.70%       to       8.06%  

2016

     0.00%       22       20.55       230       11.88%           5.50% **** 

PIMCO VIT Low Duration - Admin (PMVLDA)

 

            

2020

     0.00%       95,025       15.32       1,455,767       1.15%       2.99%  

2019

     0.00%       71       14.87       1,061       2.56%       4.03%  

2018

     0.00%       14       14.30       196       1.85%       0.35%  

2017

     0.00%       to       0.15%       21       10.07       to       14.25       296       1.34%       70.00%       to       1.35%  

2016

     0.00%       21       14.06       292       1.49%       1.37%  

PIMCO VIT Long Term US Government - Admin (PMVLGA)

 

            

2020

     0.00%       18,377       27.65       508,048       1.58%       17.39%  

2019

     0.00%       5       23.55       129       2.06%       13.32%  

2018

     0.00%       5       20.78       114       2.40%       -2.40%  

2017

     0.00%       to       0.15%       5       10.59       to       21.29       117       2.18%       5.90%       to       8.96%  

2016

     0.00%       6       19.54       126       2.00%       0.67%  

PIMCO VIT Real Return - Admin (PMVRRA)

 

            

2020

     0.00%       71,647       19.08       1,366,949       1.38%       11.71%  

2019

     0.00%       18       17.08       308       1.67%       8.44%  

2018

     0.00%       18       15.75       287       2.55%       -2.23%  

2017

     0.00%       to       0.15%       18       10.16       to       16.11       294       2.43%       1.60%       to       3.67%  

2016

     0.00%       13       15.54       205       2.55%       5.21%  

PIMCO VIT CommodityRealReturn Strategy - Admin (PMVRSA)

 

            

2020

     0.00%       3,529       6.74       23,779       6.66%       1.35%  

2019

     0.00%       5       6.65       31       4.17%       11.43%  

2018

     0.00%       6       5.97       38       2.12%       -14.10%  

2017

     0.00%       to       0.15%       8       6.95       to       10.54       58       11.01%       2.21%       to       5.40%  

2016

     0.00%       4       6.80       26       1.12%       15.06%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

PIMCO VIT Total Return - Admin (PMVTRA)

 

            

2020

     0.00%       212,965       21.73       4,628,614       2.09%       8.65%  

2019

     0.00%       86       20.00       1,713       3.00%       8.36%  

2018

     0.00%       70       18.46       1,295       2.52%       -0.54%  

2017

     0.00%       to       0.15%       97       10.27       to       18.56       1,803       2.02%       2.70%       to       4.92%  

2016

     0.00%       65       17.69       1,149       2.07%       2.67%  

PIMCO VIT Global Managed Allocation Adm (PVGMAA)

 

        

2018

     0.00%       2       11.81       22       1.71%       -5.44%  

2017

     0.00%       to       1.50%       2       10.78       to       12.49       23       2.72%       7.80%       to       14.06%  

PIMCO VIT Short-Term - Admin (PVSTA)

 

        

2020

     0.00%       70,484       14.40       1,014,824       1.25%       2.24%  

2019

     0.00%       99       14.08       1,398       2.45%       2.80%  

2018

     0.00%       90       13.70       1,228       2.24%       1.56%  

2017

     0.00%       to       0.15%       23       10.15       to       13.49       306       1.72%       1.50%       to       2.35%  

2016

     0.00%       11       13.18       145       1.62%       2.41%  

ProFunds VP Asia 30 (PROA30)

 

        

2020

     0.00%       1,108       18.20       20,170       0.11%       35.55%  

2019

     0.00%       12       13.43       164       0.25%       26.31%  

2018

     0.00%       13       10.63       142       0.45%       -18.61%  

ProFunds VP Biotechnology (PROBIO)

 

        

2020

     0.00%       886       44.09       39,062       0.02%       15.38%  

ProFunds VP Bull (PROBL)

 

        

2017

     0.00%       to       0.15%       -           11.19       to       22.74       7       0.00%       11.90%       to       19.37%  

ProFunds VP Basic Materials (PROBM)

 

        

2016

     0.00%       1       13.58       8       0.98%       18.50%  

ProFunds VP Bear (PROBR)

 

        

2016

     0.00%       41       3.54       146       0.00%       -13.02%  

ProFunds VP Consumer Services (PROCS)

 

        

2020

     0.00%       2,313       43.73       101,143       0.00%       28.34%  

2019

     0.00%       2       34.07       68       0.00%       24.64%  

2018

     0.00%       3       27.34       73       0.00%       0.63%  

ProFunds VP Europe 30 (PROE30)

 

        

2017

     0.00%       to       0.15%       2       10.91       to       14.48       35       3.36%       9.10%       to       19.77%  

ProFunds VP Emerging Markets (PROEM)

 

        

2020

     0.00%       1,322       13.98       18,481       0.57%       26.72%  

2019

     0.00%       1       11.03       8       0.42%       24.23%  

2018

     0.00%       1       8.88       9       0.12%       -15.27%  

2017

     0.00%       to       0.15%       2       10.48       to       11.64       24       0.02%       16.40%       to       33.33%  

2016

     0.00%       2       7.86       17       0.00%       11.02%  

ProFunds VP Financials (PROFIN)

 

        

2019

     0.00%       4       24.80       101       0.55%       30.27%  

2018

     0.00%       6       19.04       111       0.39%       -10.40%  

2017

     0.00%       to       0.15%       5       11.47       to       21.25       105       0.46%       14.70%       to       18.19%  

ProFunds VP Government Money Market (PROGMM)

 

        

2020

     0.00%       43       10.14       436       0.07%       0.04%  

2019

     0.00%       12       10.13       121       0.85%       0.77%  

2018

     0.00%       48       10.06       479       0.44%       0.40%  

2017

     0.00%       to       0.15%       9       9.99       to       10.02       86       0.02%       -0.10%       to       0.10%  

2016

     0.00%       48       10.01       484       0.02%       0.00%  

ProFunds VP Health Care (PROHC)

 

        

2020

     0.00%       472       39.77       18,772       0.00%       14.44%  

2018

     0.00%       2       29.11       55       0.00%       4.41%  

ProFunds VP Industrials (PROIND)

 

        

2020

     0.00%       755       33.05       24,954       0.19%       16.76%  

2019

     0.00%       1       28.31       30       0.00%       30.49%  

2018

     0.00%       1       21.69       16       0.09%       -12.79%  

2017

     0.00%       to       0.15%       1       11.42       to       24.87       24       0.18%       14.80%       to       22.39%  

2016

     0.00%       1       20.32       17       0.00%       17.59%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

ProFunds VP Japan (PROJP)

 

2020

     0.00%       1,468       21.57       31,671       0.14%       15.93%  

2019

     0.00%       4       18.61       68       0.16%       20.00%  

2018

     0.00%       3       15.51       43       0.00%       -11.62%  

2017

     0.00%       to       0.15%       3       11.70       to       17.55       48       0.00%       17.00%       to       18.42%  

ProFunds VP Large-Cap Growth (PROLCG)

 

        

2020

     0.00%       13,824       42.01       580,747       0.00%       30.93%  

2019

     0.00%       32       32.09       1,040       0.00%       28.89%  

2017

     0.00%       to       0.15%       9       11.33       to       25.37       216       0.00%       13.30%       to       25.28%  

ProFunds VP Mid-Cap (PROMC)

 

        

2020

     0.00%       2,504       26.09       65,324       0.95%       10.76%  

2019

     0.00%       3       23.55       59       0.11%       23.53%  

2018

     0.00%       4       19.07       75       0.00%       -12.84%  

2017

     0.00%       to       0.15%       2       10.87       to       21.88       38       0.00%       8.70%       to       13.43%  

2016

     0.00%       1       19.29       18       0.00%       18.20%  

ProFunds VP Mid-Cap Value (PROMCV)

 

        

2020

     0.00%       4,368       24.11       105,316       0.41%       2.30%  

2019

     0.00%       5       23.57       124       0.25%       24.08%  

2018

     0.00%       1       18.99       17       0.10%       -13.33%  

2017

     0.00%       to       0.15%       1       10.80       to       21.91       20       0.57%       8.00%       to       10.60%  

ProFunds VP NASDAQ-100 (PRON)

 

        

2020

     0.00%       3,035       58.84       178,594       0.00%       45.57%  

2019

     0.00%       1       40.42       47       0.00%       36.70%  

2018

     0.00%       9       29.57       252       0.00%       -1.86%  

2017

     0.00%       to       0.15%       -           11.29       to       30.13       10       0.00%       12.90%       to       30.38%  

2016

     0.00%       1       23.11       34       0.00%       5.24%  

ProFunds VP Internet (PRONET)

 

        

2020

     0.00%       6,421       57.41       368,633       0.00%       50.82%  

2019

     0.00%       4       38.07       137       0.00%       18.03%  

2018

     0.00%       1       32.25       33       0.00%       4.95%  

2017

     0.00%       to       0.15%       3       11.69       to       30.73       79       0.00%       16.90%       to       36.03%  

ProFunds VP Precious Metals (PROPM)

 

        

2020

     0.00%       5,114       6.98       35,679       0.03%       24.10%  

2019

     0.00%       68       5.62       383       0.03%       45.98%  

2018

     0.00%       19       3.85       73       0.00%       -13.48%  

ProFunds VP Real Estate (PRORE)

 

        

2019

     0.00%       -           22.65       8       1.24%       26.76%  

ProFunds VP Small Cap (PROSC)

 

        

2020

     0.00%       1,818       26.15       47,548       0.06%       17.06%  

2019

     0.00%       2       22.34       42       0.00%       23.60%  

ProFunds VP Small-Cap Growth (PROSCG)

 

        

2020

     0.00%       546       33.20       18,128       0.00%       17.39%  

2019

     0.00%       1       28.28       18       0.00%       19.12%  

2018

     0.00%       5       23.74       125       0.00%       -5.76%  

2017

     0.00%       to       0.15%       5       10.87       to       25.19       134       0.00%       8.70%       to       12.96%  

ProFunds VP Semiconductor (PROSCN)

 

        

2020

     0.00%       2,512       57.24       143,789       0.35%       44.85%  

2019

     0.00%       2       39.52       89       0.28%       49.77%  

2018

     0.00%       2       26.38       59       0.00%       -10.24%  

2017

     0.00%       to       0.15%       2       12.60       to       29.39       66       0.36%       26.00%       to       35.56%  

ProFunds VP Small-Cap Value (PROSCV)

 

        

2020

     0.00%       692       23.42       16,204       0.03%       1.06%  

2019

     0.00%       1       23.17       31       0.00%       22.56%  

2018

     0.00%       1       18.90       25       0.00%       -14.25%  

2017

     0.00%       to       0.15%       1       10.98       to       22.04       33       0.02%       9.71%       to       9.80%  

2016

     0.00%       1       20.09       24       0.00%       28.78%  

ProFunds VP Technology (PROTEC)

 

        

2019

     0.00%       -           38.02       9       0.00%       45.18%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

ProFunds VP Telecommunications (PROTEL)

 

2019

     0.00%       1       16.61       11       3.27%       14.77%  

2018

     0.00%       1       14.48       10       5.55%       -15.07%  

2017

     0.00%       to       0.15%       1       10.54       to       17.05       12       9.31%       -2.12%       to       5.40%  

ProFunds VP UltraMid-Cap (PROUMC)

 

        

2017

     0.00%       to       0.15%       2       11.84       to       42.85       66       0.00%       18.40%       to       28.83%  

ProFunds VP UltraSmall-Cap (PROUSC)

 

        

2016

     0.00%       8       28.67       222       0.00%       39.58%  

ProFunds VP Utilities (PROUTL)

 

        

2020

     0.00%       734       26.14       19,184       1.55%       -2.40%  

2019

     0.00%       1       26.78       20       0.00%       22.88%  

Putnam VT Mortgage Securities Cl IB (PVAGIB)

 

        

2019

     0.00%       11       12.68       133       2.28%       13.20%  

2018

     0.00%       3       11.20       39       2.80%       -0.88%  

Putnam VT Diversified Income Cl IB (PVDIB)

 

        

2020

     0.00%       2,793       14.12       39,429       7.98%       -0.90%  

2019

     0.00%       3       14.25       48       3.18%       11.23%  

2018

     0.00%       4       12.81       56       2.51%       -0.93%  

2017

     0.00%       to       0.15%       3       10.38       to       12.93       38       0.00%       3.80%       to       7.13%  

Putnam VT Equity Income Cl IB (PVEIB)

 

        

2020

     0.00%       22,043       31.52       694,820       1.90%       5.80%  

2019

     0.00%       25       29.79       760       1.84%       30.40%  

2018

     0.00%       21       22.85       482       0.75%       -8.49%  

2017

     0.00%       to       0.15%       19       11.35       to       24.97       483       0.80%       13.50%       to       18.79%  

2016

     0.00%       6       21.02       127       1.76%       13.62%  

Putnam VT High Yield Cl IB (PVHYB)

 

        

2020

     0.00%       6,032       17.69       106,731       0.00%       5.21%  

2019

     0.00%       4       16.82       70       0.00%       14.40%  

2017

     0.00%       to       0.15%       35       10.36       to       15.33       542       0.00%       3.60%       to       6.98%  

Putnam VT Income Cl IB (PVIB)

 

        

2020

     0.00%       36,216       15.92       576,493       4.39%       5.73%  

2019

     0.00%       21       15.06       321       3.05%       11.89%  

2018

     0.00%       5       13.46       66       3.23%       0.22%  

2017

     0.00%       to       0.15%       6       10.26       to       13.43       77       3.69%       2.60%       to       5.58%  

2016

     0.00%       3       12.72       43       4.89%       2.00%  

Putnam VT Sustainable Leaders Class IB (PVNOB)

 

        

2020

     0.00%       237       14.04       3,328       0.00%           40.44% **** 

Redwood Managed Volatility Class N (RWMVN)

 

        

2020

     0.00%       687       13.03       8,951       4.29%       10.26%  

2019

     0.00%       1       11.82       6       1.29%       8.72%  

2018

     0.00%       1       10.87       6       6.60%       -2.86%  

2017

     0.00%       to       0.15%       1       10.38       to       11.19       10       5.50%       3.80%       to       7.49%  

Royce Micro-Cap (ROCMC)

 

        

2020

     0.00%       5,109       29.47       150,554       0.00%       23.79%  

2019

     0.00%       5       23.80       121       0.00%       19.55%  

2018

     0.00%       4       19.91       77       0.00%       -9.05%  

2017

     0.00%       to       0.15%       1       10.53       to       21.89       14       0.68%       5.19%       to       5.30%  

2016

     0.00%       1       20.81       14       1.92%       19.67%  

Royce Small-Cap (ROCSC)

 

        

2020

     0.00%       3,827       25.99       99,465       0.78%       -7.15%  

2019

     0.00%       7       27.99       194       1.11%       18.67%  

2018

     0.00%       2       23.59       58       0.94%       -8.35%  

2017

     0.00%       to       0.15%       3       10.77       to       25.74       69       1.05%       5.41%       to       7.70%  

T. Rowe Price Blue Chip Growth II (TRBCG2)

 

        

2020

     0.00%       66,003       54.99       3,629,654       0.00%       33.92%  

2019

     0.00%       47       41.06       1,930       0.00%       29.58%  

2018

     0.00%       33       31.69       1,044       0.00%       1.64%  

2017

     0.00%       to       0.15%       32       11.79       to       31.18       989       0.00%       17.90%       to       35.86%  

2016

     0.00%       19       22.95       433       0.00%       0.53%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

T. Rowe Price Equity Income II (TREI2)

 

2020

     0.00%       3,814       24.63       93,926       2.20%       0.96%  

2019

     0.00%       3       24.39       80       2.12%       26.04%  

2018

     0.00%       4       19.35       80       2.04%       -9.71%  

2017

     0.00%       to       0.15%       2       11.16       to       21.43       48       1.97%       11.60%       to       15.71%  

2016

     0.00%       1       18.52       12       2.53%       18.87%  

T. Rowe Price Health Sciences II (TRHS2)

 

        

2020

     0.00%       11,248       83.05       934,142       0.00%       29.27%  

2019

     0.00%       6       64.25       376       0.00%       28.63%  

2018

     0.00%       9       49.95       431       0.00%       0.87%  

2017

     0.00%       to       0.15%       2       11.12       to       49.52       92       0.00%       11.20%       to       27.30%  

2016

     0.00%       -           38.90       13       0.00%       -10.72%  

T. Rowe Price Limited-Term Bond II (TRLT2)

 

        

2020

     0.00%       26,787       13.46       360,611       1.78%       4.46%  

2019

     0.00%       57       12.89       730       2.14%       4.10%  

2018

     0.00%       45       12.38       561       1.99%       0.90%  

2017

     0.00%       to       0.15%       3       10.01       to       12.27       39       1.22%       10.00%       to       0.82%  

2016

     0.00%       3       12.17       38       1.12%       1.16%  

Timothy Plan Strategic Growth VS (TPVSGP)

 

        

2020

     0.00%       1,007       17.75       17,871       0.54%       9.18%  

2019

     0.00%       1       16.25       17       0.75%       19.78%  

2018

     0.00%       1       13.57       14       1.42%       -11.88%  

VanEck VIP Global Gold Class S (VVGGS)

 

        

2020

     0.00%       2,107       14.60       30,772       4.57%       38.62%  

2018

     0.00%       6       7.59       42       3.32%       -16.59%  

2017

     0.00%       to       0.15%       6       9.10       to       10.88       54       7.49%       8.80%       to       12.76%  

2016

     0.00%       7       8.07       56       0.00%       48.07%  

VanEck Emerging Markets Bond (VWBF)

 

        

2020

     0.00%       455       16.83       7,658       6.05%       8.92%  

2019

     0.00%       -           15.45       6       0.79%       12.62%  

2018

     0.00%       2       13.72       24       3.26%       -6.16%  

2017

     0.00%       to       0.15%       1       10.58       to       14.62       11       0.00%       5.80%       to       12.29%  

VanEck VIP Emerging Markets (VWEM)

 

        

2020

     0.00%       14,944       38.95       582,066       2.11%       17.25%  

2019

     0.00%       14       33.22       449       0.45%       30.60%  

2018

     0.00%       15       25.44       392       0.28%       -23.47%  

2017

     0.00%       to       0.15%       32       12.63       to       33.24       1,056       0.26%       26.30%       to       51.02%  

2016

     0.00%       14       22.01       299       0.34%       0.09%  

VanEck VIP Global Hard Assets Initial Cl (VWHA)

 

        

2020

     0.00%       3,830       20.25       77,562       0.42%       19.11%  

2019

     0.00%       -           17.00       8       0.00%       11.87%  

2018

     0.00%       -           15.20       7       0.00%       -28.27%  

2017

     0.00%       to       0.15%       -           10.81       to       21.19       10       0.00%       -1.72%       to       8.10%  

2016

     0.00%       1       21.56       12       0.00%       43.73%  

Vanguard VIF Balanced (VVB)

 

        

2020

     0.25%       249,204       18.02       4,491,866       2.50%       10.40%  

2019

     0.25%       280       16.33       4,577       2.76%       22.18%  

2018

     0.25%       188       13.36       2,516       2.28%       -3.68%  

2017

     0.25%       to       0.40%       211       10.98       to       13.87       2,929       1.45%       9.80%       to       14.44%  

2016

     0.25%       96       12.12       1,163       0.61%       10.79%  

Vanguard VIF Conservative Allocation (VVCA)

 

        

2020

     0.25%       43,888       11.93       523,652       0.85%       11.45%  

2019

     0.25%       9       10.71       94       0.00%         7.06% **** 

2016

     0.00%       -           -           -           0.00%       0.00%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

Vanguard VIF Capital Growth (VVCG)

 

2020

     0.25%       65,756       25.10       1,650,446       1.30%       17.18%  

2019

     0.25%       59       21.42       1,253       1.18%       26.18%  

2018

     0.25%       68       16.98       1,150       0.91%       -1.39%  

2017

     0.25%       to       0.40%       77       11.69       to       17.22       1,320       0.93%       16.90%       to       28.51%  

2016

     0.25%       35       13.40       476       0.79%       10.56%  

Vanguard VIF Diversified Value (VVDV)

 

        

2020

     0.25%       58,697       17.25       1,012,630       1.31%       11.50%  

2019

     0.25%       24       15.47       379       3.40%       25.38%  

2018

     0.25%       34       12.34       415       2.91%       -9.33%  

2017

     0.25%       to       0.40%       52       10.86       to       13.61       710       2.70%       8.60%       to       12.85%  

2016

     0.25%       46       12.06       554       1.84%       12.71%  

Vanguard VIF Equity Income (VVEI)

 

        

2020

     0.25%       134,596       18.17       2,445,307       2.66%       2.99%  

2019

     0.25%       135       17.64       2,373       2.09%       24.12%  

2018

     0.25%       86       14.21       1,226       2.13%       -6.20%  

2017

     0.25%       to       0.40%       74       11.29       to       15.15       1,121       1.74%       12.90%       to       17.90%  

2016

     0.25%       32       12.85       406       0.85%       14.83%  

Vanguard VIF Equity Index (VVEIX)

 

        

2020

     0.25%       249,388       22.82       5,691,196       1.53%       17.91%  

2019

     0.25%       214       19.35       4,141       1.81%       30.97%  

2018

     0.25%       183       14.78       2,705       1.37%       -4.71%  

2017

     0.25%       to       0.40%       174       11.31       to       15.51       2,702       1.59%       13.10%       to       21.36%  

2016

     0.25%       110       12.78       1,404       1.42%       11.52%  

Vanguard VIF Growth (VVG)

 

        

2020

     0.25%       99,693       30.13       3,003,291       0.28%       42.74%  

2019

     0.25%       64       21.11       1,359       0.26%       33.48%  

2018

     0.25%       30       15.81       473       0.25%       -0.06%  

2017

     0.25%       to       0.40%       14       11.64       to       15.82       219       0.16%       16.40%       to       30.64%  

2016

     0.25%       1       12.11       7       1.69%       -1.38%  

Vanguard VIF Global Bond Index (VVGBI)

 

        

2020

     0.25%       18,597       11.18       207,839       1.46%       6.40%  

2019

     0.25%       13       10.50       134       0.00%       5.03%  

Vanguard VIF Total Bond Market Index (VVHGB)

 

        

2020

     0.25%       883,298       12.91       11,399,355       2.25%       7.31%  

2019

     0.25%       697       12.03       8,386       2.03%       8.40%  

2018

     0.25%       400       11.09       4,439       2.21%       -0.45%  

2017

     0.25%       to       0.40%       338       10.17       to       11.14       3,767       2.08%       1.70%       to       3.24%  

2016

     0.25%       208       10.79       2,246       1.76%       2.27%  

Vanguard VIF High Yield Bond (VVHYB)

 

        

2020

     0.25%       109,880       14.30       1,571,229       5.64%       5.41%  

2019

     0.25%       112       13.57       1,515       3.50%       15.39%  

2018

     0.25%       54       11.76       634       4.12%       -2.97%  

2017

     0.25%       to       0.40%       79       10.30       to       12.12       951       2.12%       3.00%       to       6.78%  

2016

     0.25%       14       11.35       155       3.95%       11.06%  

Vanguard VIF International (VVI)

 

        

2020

     0.25%       307,941       24.22       7,457,143       1.13%       57.19%  

2019

     0.25%       290       15.41       4,466       1.24%       30.89%  

2018

     0.25%       211       11.77       2,487       0.69%       -12.81%  

2017

     0.25%       to       0.40%       173       12.07       to       13.50       2,332       0.85%       20.70%       to       42.26%  

2016

     0.25%       75       9.49       713       0.28%       1.61%  

Vanguard VIF Mid-Cap Index (VVMCI)

 

        

2020

     0.25%       125,429       20.49       2,570,194       1.47%       17.78%  

2019

     0.25%       100       17.40       1,745       1.27%       30.55%  

2018

     0.25%       61       13.33       809       0.98%       -9.57%  

2017

     0.25%       to       0.40%       39       11.05       to       14.74       572       0.85%       10.50%       to       18.78%  

2016

     0.25%       12       12.41       154       1.35%       10.90%  

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

    Contract
Expense Rate*		     Units*****     Unit
Fair Value		     Contact
Owners’  Equity*****		     Investment
Income
Ratio**		     Total Return***  

Vanguard VIF REIT Index (VVREI)

 

  

2020

     0.25%       76,388       17.14       1,309,328       2.47%       -5.09%  

2019

     0.25%       74       18.06       1,335       2.41%       28.48%  

2018

     0.25%       60       14.06       847       2.71%       -5.57%  

2017

     0.25%       to       0.40%       48       10.28       to       14.89       707       2.48%       2.80%       to       4.56%  

2016

     0.25%       45       14.24       638       2.05%       8.04%  

Vanguard VIF Small Company Growth (VVSCG)

 

  

2020

     0.25%       32,639       20.61       672,563       0.62%       22.88%  

2019

     0.25%       42       16.77       699       0.50%       27.79%  

2018

     0.25%       43       13.12       561       0.31%       -7.54%  

2017

     0.25%       to       0.40%       18       11.25       to       14.19       252       0.14%       12.50%       to       23.18%  

2016

     0.25%       2       11.52       24       0.19%       14.63%  

Vanguard VIF Short-Term Investment Grade (VVSTC)

 

  

2020

     0.25%       676,311       11.94       8,073,782       2.30%       5.23%  

2019

     0.25%       392       11.34       4,447       2.51%       5.43%  

2018

     0.25%       300       10.76       3,230       1.48%       0.75%  

2017

     0.25%       to       0.40%       260       10.06       to       10.68       2,777       1.29%       60.00%       to       1.91%  

2016

     0.25%       95       10.48       1,001       0.91%       2.44%  

Vanguard VIF Total International Stock Market Index (VVTISI)

 

  

2020

     0.25%       99,497       11.94       1,187,708       1.26%       10.90%  

2019

     0.25%       25       10.76       266       0.00%           7.64% **** 

Vanguard VIF Total Stock Market Index (VVTSM)

 

  

2020

     0.25%       416,367       22.56       9,391,600       1.37%       20.25%  

2019

     0.25%       342       18.76       6,417       1.33%       30.42%  

2018

     0.25%       231       14.38       3,318       1.40%       -5.58%  

2017

     0.25%       to       0.40%       171       11.27       to       15.23       2,604       1.55%       12.70%       to       20.68%  

2016

     0.25%       76       12.62       963       1.41%       12.28%  

Virtus Duff & Phelps Real Estate Securities Class A (VRVDRA)

 

  

2020

     0.00%       5,113       22.52       115,126       1.24%       -1.55%  

2019

     0.00%       5       22.87       109       1.72%       27.42%  

2018

     0.00%       5       17.95       81       3.04%       -6.51%  

2017

     0.00%       to       0.15%       2       10.47       to       19.20       36       1.62%       4.70%       to       5.96%  

2016

     0.00%       1       18.12       24       1.88%       6.84%  

Virtus Newfleet Multi-Sector Intermediate Bond Class A (VRVNMA)

 

  

2020

     0.00%       31,634       15.88       502,207       4.14%       6.53%  

2019

     0.00%       24       14.90       358       6.00%       10.47%  

2018

     0.00%       9       13.49       119       3.38%       -2.67%  

2017

     0.00%       to       0.15%       10       10.29       to       13.86       133       5.84%       2.90%       to       6.70%  

2016

     0.00%       -           -           -           0.00%       0.00%  

Wells Fargo VT Discovery (SVDF)

 

  

2020

     0.00%       3,460       90.09       311,723       0.00%       62.65%  

2019

     0.00%       4       55.39       242       0.00%       39.02%  

2018

     0.00%       5       39.84       191       0.00%       -7.07%  

2017

     0.00%       to       0.15%       6       11.35       to       42.87       251       0.00%       13.50%       to       29.13%  

2016

     0.00%       6       33.20       188       0.00%       7.65%  

2017

     0.00%       -           -           -           0.00%       0.00%  

Westchester Merger Fund VL (MGRFV)

 

  

2020

     0.00%       32,198       14.32       461,133       0.00%       7.38%  

2019

     0.00%       25       13.34       330       0.95%       6.17%  

2018

     0.00%       61       12.56       762       1.38%       7.08%  

2017

     0.00%       to       0.15%       23       10.09       to       11.73       268       0.00%       90.00%       to       2.53%  

2016

     0.00%       14       11.44       162       0.89%       2.51%  

 

*

This represents the range of annual contract expense rates of the variable account at the period end indicated and includes only those expenses that are charged through a reduction in the unit values. Excluded are expenses of the underlying mutual funds and charges made directly to contract owner accounts through the redemption of units.

JEFFERSON NATIONAL LIFE OF NY ANNUITY ACCOUNT 1 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2020

 

**

This represents the ratio of dividends for the period indicated, excluding distributions of capital gains, received by the subaccount from the underlying mutual fund, net of management fees assessed by the fund manager, divided by monthly average net assets (excluding months where net assets are zero). The investment income ratio for subaccounts initially funded during the period presented has not been annualized. The ratios exclude those expenses that result in direct reductions to the contract owner accounts through reductions in unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the subaccounts invest.

***

This represents the range of minimum and maximum total returns for the period indicated, including changes in the value of the underlying mutual fund, which reflects the reduction of unit values for expenses assessed. The total returns do not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return is not annualized if the underlying mutual fund option was initially added and funded during the period presented. Minimum and maximum ranges are not shown for underlying mutual fund options for which a single contract expense rate (product option) exists. In such cases, the total return presented is representative of all units issued and outstanding at period end.

****

Subaccounts denoted indicate the underlying mutual fund option was initially added and funded during the period presented.

*****

Units and Contract Owners’ Equity is presented rounded in (000’s) for the years 2016 – 2019 and is presented unrounded for 2020, as applicable.

LOGO

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(A Wholly Owned Subsidiary of Jefferson National Life Insurance Company)

2020 Statutory Financial Statements and Supplemental Schedules

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

FOR THE YEAR ENDED DECEMBER 31, 2020

TABLE OF CONTENTS

 

     Page  
  

Independent Auditors’ Report

      1  
  

Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus

     3  
  

Statutory Statements of Operations

      4  
  

Statutory Statements of Changes in Capital and Surplus

      5  
  

Statutory Statements of Cash Flow

      6  
  

Notes to Statutory Financial Statements

      7  
  

Schedule I – Summary of Investments – Other Than Investments in Related Parties

      25  
  

Schedule IV – Reinsurance

      26  
  

Schedule V – Valuation and Qualifying Accounts

      27  

LOGO

Independent Auditors’ Report

Board of Directors

Jefferson National Life Insurance Company of New York:

We have audited the accompanying financial statements of Jefferson National Life Insurance Company of New York (the Company), which comprise the statutory statements of admitted assets, liabilities, capital and surplus as of December 31, 2020 and 2019, and the related statutory statements of operations, changes in capital and surplus, and cash flow for each of the years in the three-year period ended December 31, 2020, and the related notes to the statutory financial statements (“statutory financial statements”).

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with statutory accounting practices prescribed or permitted by the New York State Department of Financial Services (“NYSDFS”). Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditors’ Responsibility

Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles

As described in Note 2 to the financial statements, the financial statements are prepared by the Company using statutory accounting practices prescribed or permitted by the NYSDFS, which is a basis of accounting other than U.S. generally accepted accounting principles. Accordingly, the financial statements are not intended to be presented in accordance with U.S. generally accepted accounting principles.

The effects on the financial statements of the variances between the statutory accounting practices described in Note 2 and U.S. generally accepted accounting principles, although not reasonably determinable, are presumed to be material.

 

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LOGO

Adverse Opinion on U.S. Generally Accepted Accounting Principles

In our opinion, because of the significance of the variances between statutory accounting practices and U.S. generally accepted accounting principles discussed in the Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles paragraph, the financial statements referred to above do not present fairly, in accordance with U.S. generally accepted accounting principles, the financial position of the Company as of December 31, 2020 and 2019, or the results of its operations, or its cash flows for each of the years in the three-year period ended December 31, 2020.

Opinion on Statutory Basis of Accounting

In our opinion, the financial statements referred to above present fairly, in all material respects, the admitted assets, liabilities, capital and surplus of the Company as of December 31, 2020 and 2019, and the results of its operations and its cash flow for each of the years in the three-year period ended December 31, 2020, in accordance with statutory accounting practices prescribed or permitted by the NYSDFS described in Note 2.

Other Matter

Our audits were conducted for the purpose of forming an opinion on the financial statements as a whole. The supplementary information included in Schedule I Summary of Investments – Other Than Investments in Related Parties, Schedule IV Reinsurance, and Schedule V Valuation and Qualifying Accounts is presented for purposes of additional analysis and is not a required part of the financial statements but is supplementary information required by the Securities and Exchange Commission’s Regulation S-X. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audits of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole.

 

LOGO

Columbus, Ohio

April 21, 2021

 

2

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus

 

      December 31,  
(in thousands, except share amounts)    2020      2019  
     

Admitted assets

      

Invested assets

      

Bonds

    $ 4,982      $ 5,017  

Stocks

      -        103  

Cash, cash equivalents and short-term investments

      1,614        1,860  

Total invested assets

    $ 6,596      $ 6,980  

Accrued investment income

      13        33  

Deferred federal income tax assets, net

      147        167  

Other assets

      726        380  

Separate account assets

      199,813        143,078  

Total admitted assets

    $ 207,295      $ 150,638  
     

Liabilities, capital and surplus

      

Liabilities

      

Future policy benefits and claims

    $ 465      $ 617  

Due to parent and affiliates

      163        11  

Asset valuation reserve

      4        13  

Other liabilities

      145        207  

Separate account liabilities

      199,813        143,078  

Total liabilities

    $ 200,590      $ 143,926  
     

Capital and surplus

      

Capital shares ($1.00 par value; authorized - 2,000,000 shares, issued and outstanding - 2,000,000 shares)

    $ 2,000      $ 2,000  

Additional paid-in capital

      5,649        5,649  

Unassigned deficit

      (944 )       (937 ) 

Total capital and surplus

    $ 6,705      $ 6,712  

Total liabilities, capital and surplus

    $ 207,295      $ 150,638  

See accompanying notes to statutory financial statements.

 

3

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

 

 

 

Statutory Statements of Operations

 

      Year ended December 31,  
(in thousands)    2020     2019     2018  
      

Revenues

       

Premiums and annuity considerations

    $ 47,731     $ 36,425     $ 26,740  

Net investment income

      104       135       141  

Amortization of interest maintenance reserve

      4       (3 )      (4 ) 

Other revenue

      267       198       156  

Total revenues

    $ 48,106     $ 36,755     $ 27,033  
      

Benefits and expenses

       

Benefits to policyholders and beneficiaries

    $ 12,810     $ 8,306     $ 6,386  

General, administrative and other expenses

      206       191       399  

Taxes, licenses and fees

      135       31       27  

Net transfers to separate accounts

      34,937       28,121       20,351  

Total benefits and expenses

    $     48,088     $     36,649     $     27,163  
      

Income (loss) before federal income tax expense and net realized capital losses on investments

    $ 18     $ 106     $ (130 ) 

Federal income tax expense

      17       -       115  
      

Income (loss) before net realized capital losses on investments

    $ 1     $ 106     $ (245 ) 

Net realized capital losses on investments, net of federal income tax expense of $19, $0 and $16 in 2020, 2019 and 2018 respectively, and excluding $57, $0 and $(4) of net realized capital gains (losses) transferred to the interest maintenance reserve in 2020, 2019 and 2018, respectively

      (3 )      -       (17 ) 

Net (loss) Income

    $ (2 )    $ 106     $ (262 ) 

See accompanying notes to statutory financial statements.

 

4

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

 

Statutory Statements of Changes in Capital and Surplus

 

(in thousands)    Capital
shares		      Additional
paid-in
capital		      Unassigned
deficit		     Capital and
surplus		  

Balance as of December 31, 2017

    $ 2,000      $ 5,649      $ (870 )    $ 6,779  
          

Net loss

      -        -        (262 )      (262 ) 

Change in asset valuation reserve

      -        -        1       1  

Change in deferred income taxes

      -        -        109       109  

Change in nonadmitted assets

      -        -        (65 )      (65 ) 

Balance as of December 31, 2018

    $ 2,000      $ 5,649      $ (1,087 )    $ 6,562  
          

Net income

      -        -        106       106  

Change in asset valuation reserve

      -        -        2       2  

Change in deferred income taxes

      -        -        86       86  

Change in nonadmitted assets

      -        -        (44 )      (44 ) 

Balance as of December 31, 2019

    $ 2,000      $ 5,649      $ (937 )    $ 6,712  
          

Net loss

      -        -        (2 )      (2 ) 

Change in asset valuation reserve

      -        -        9       9  

Change in deferred income taxes

      -        -        (275 )      (275 ) 

Change in nonadmitted assets

      -        -        261       261  

Balance as of December 31, 2020

    $ 2,000      $ 5,649      $ (944 )    $ 6,705  

See accompanying notes to statutory financial statements.

 

5

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

 

 

 

Statutory Statements of Cash Flow

 

      Year ended December 31,  
(in thousands)    2020     2019     2018  
      

Cash flows from operating activities:

       

Premiums collected

    $ 47,731     $ 36,425     $ 26,740  

Net investment income

      154       175       192  

Other revenue

      267       198       157  

Policy benefits and claims paid

      (12,810 )      (8,306 )      (6,386 ) 

Commissions, operating expenses and taxes, other than federal income tax

      (341 )      (221 )      (502 ) 

Net transfers to separate accounts

      (34,937 )      (28,122 )      (20,352 ) 

Federal income taxes (paid) recovered

      (40 )      48       (147 ) 

Net cash provided by (used in) operating activities

    $ 24     $ 197     $ (298 ) 
      

Cash flows from investing activities:

       

Proceeds from investments sold, matured or paid:

       

Bonds

    $ 3,404     $ 1,019     $ 1,099  

Stocks

      103       -       -  

Total Investment proceeds

    $ 3,507     $ 1,019     $ 1,099  

Cost of investments acquired:

       

Bonds

    $ (3,325 )    $ -     $ (974 ) 

Total Investments acquired

    $ (3,325 )    $ -     $ (974 ) 

Net cash provided by investing activities

    $ 182     $ 1,019     $ 125  
      

Cash flows from financing activities and miscellaneous sources:

       

Net change in deposits on deposit-type contract funds and other insurance liabilities

    $ (152 )    $ 617     $ -  

Other cash (used) provided

      (300 )      (781 )      466  

Net cash (used in) provided by financing activities and miscellaneous sources

    $ (452 )    $ (164 )    $ 466  
      

Net (decrease) increase in cash, cash equivalents and short-term investments

    $ (246 )    $ 1,052     $ 293  

Cash, cash equivalents and short-term investments at beginning of year

      1,860       808       515  

Cash, cash equivalents and short-term investments at end of year

    $ 1,614     $ 1,860     $ 808  

See accompanying notes to statutory financial statements.

 

6

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

(1)

Nature of Operations

Jefferson National Life Insurance Company of New York (“JNLNY” or “the Company”) was incorporated in 2014 and is a New York domiciled stock life insurance company. The Company is a member of the Nationwide group of companies (“Nationwide”), which is comprised of Nationwide Mutual Insurance Company (“NMIC”) and all of its subsidiaries and affiliates.

The Company is licensed only in New York and is a wholly-owned subsidiary of Jefferson National Life Insurance Company (“JNL”), an insurance company incorporated and domiciled in the State of Texas and a wholly-owned subsidiary of Jefferson National Financial Corporation (“JN Financial”), a holding company incorporated in the state of Delaware. On March 1, 2017, Nationwide Life Insurance Company (“NLIC”) acquired all of the stock of JN Financial which resulted in JN Financial becoming a wholly-owned subsidiary of NLIC. NLIC is a wholly-owned subsidiary of Nationwide Financial Services, Inc. (“NFS”), a holding company formed by Nationwide Corporation, a majority-owned subsidiary of NMIC.

The Company markets one product, a flat insurance fee variable annuity called Monument Advisor to the New York market, primarily sold by independent registered investment advisors and other fee-based advisors.

The Company is subject to regulation by New York, the state in which it is domiciled and transacts business. The Company is subject to periodic examinations by the New York State Department of Financial Services (“NYSDFS”).

As of December 31, 2020, and 2019, the Company did not have a significant concentration of financial instruments in a single investee, industry or geographic region. Also, the Company did not have a concentration of business transactions with a particular customer, lender, or distribution source in which a single event could cause a severe impact on the Company’s financial position after considering insurance risk that has been transferred to external reinsurers.

 

(2)

Summary of Significant Accounting Policies

Use of Estimates

The preparation of the statutory financial statements requires the Company to make estimates and assumptions that affect the amounts reported in the statutory financial statements and accompanying notes. Significant estimates include certain investment valuations, provision for income taxes and valuation of deferred tax assets. Actual results could differ significantly from those estimates.

Basis of Presentation

The statutory financial statements of the Company are presented on the basis of accounting practices prescribed or permitted by the NYSDFS. Insurance companies domiciled in New York are required to prepare statutory basis financial statements in accordance with the National Association of Insurance Commissioners’ (“NAIC”) Accounting Practices and Procedures manual (“NAIC SAP”), subject to certain modifications prescribed or permitted by NYSDFS (“NY SAP”). There were no significant differences between NY SAP and NAIC SAP that affected the financial statements of JNLNY. NYSDFS has the right to permit specific practices that deviate from prescribed practices. There were no such permitted practice waivers requested by JNLNY in 2020 and 2019.

Statutory accounting practices vary in some respects from U.S. generally accepted accounting principles (“GAAP”), including the following practices:

Financial Statements

 

  ●  

Statutory financial statements are prepared using language and groupings substantially the same as the annual statements of the Company filed with the NAIC and state regulatory authorities;

 

  ●  

assets must be included in the statutory statements of admitted assets, liabilities, capital and surplus at net admitted asset value and nonadmitted assets are excluded through a charge to capital and surplus;

 

  ●  

an asset valuation reserve (“AVR”) is established in accordance with the NAIC Annual Statement Instructions for Life and Accident and Health Insurance Companies and is reported as a liability, and changes in the AVR are reported directly in capital and surplus;

 

  ●  

an interest maintenance reserve (“IMR”) is established in accordance with the NAIC Annual Statement Instructions for Life and Accident and Health Insurance Companies and is reported as a liability, and the amortization of the IMR is reported as revenue;

 

  ●  

the expense allowance associated with statutory reserving practices for investment contracts held in the separate accounts is reported in the general account as a negative liability;

 

  ●  

accounting for contingencies requires recording a liability at the midpoint of a range of estimated possible outcomes when no better estimate in the range exists;

 

7

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

  ●  

costs related to successful policy acquisitions are charged to operations in the year incurred;

 

  ●  

negative cash balances are reported as negative assets;

 

  ●  

certain income and expense items are charged or credited directly to capital and surplus;

 

  ●  

the statutory statements of cash flows are presented on the basis prescribed by the NAIC; and

 

  ●  

the statutory financial statements do not include accumulated other comprehensive income.

Future Policy Benefits and Claims

 

  ●  

Deposits to investment contracts and limited payment contracts are included in revenue; and

 

  ●  

future policy benefit reserves are based on statutory requirements.

Investments

 

  ●  

Investments in bonds are generally stated at amortized cost, except those with an NAIC designation of “6”, which are stated at the lower of amortized cost or fair value;

 

  ●  

investments in preferred stocks are generally stated at amortized cost, except those with an NAIC designation of “4” through “6”, which are stated at the lower of amortized cost or fair value;

 

  ●  

other-than-temporary impairments on bonds, excluding loan-backed and structured securities, are measured based on fair value and are not reversible; and

 

  ●  

gains on sales of investments between affiliated companies representing economic transactions are deferred at the parent level until the related assets are paid down or an external sale occurs.

Separate Accounts

 

  ●  

Assets and liabilities of guaranteed separate accounts are reported as separate account assets and separate account liabilities, respectively.

Federal Income Taxes

 

  ●  

Changes in deferred federal income taxes are recognized directly in capital and surplus with limitations on the amount of deferred tax assets that can be reflected as an admitted asset (15% of surplus); and

 

  ●  

uncertain tax positions are subject to a “more likely than not” standard for federal and foreign income tax loss contingencies only.

Nonadmitted Assets

 

  ●  

In addition to the nonadmitted assets described above, certain other assets are nonadmitted and charged directly to capital and surplus. These include prepaid assets, certain software, disallowed IMR and other receivables outstanding for more than 90 days.

The financial information included herein is prepared and presented in accordance with SAP prescribed or permitted by NYSDFS. Certain differences exist between SAP and GAAP, which are presumed to be material.

Revenues and Benefits

Annuity considerations are recognized as revenue when received. Policy benefits and claims that are expensed include interest credited to policy account balances, benefits and claims incurred in the period in excess of related policy reserves and other changes in future policy benefits.

Future Policy Benefits and Claims

Future policy benefits for annuity products have been established based on contract term, interest rates and various contract provisions.

Separate Accounts

Separate account assets represent contractholders’ funds that have been legally segregated into accounts with specific investment objectives. Separate account assets are recorded at fair value, with the value of separate account liabilities set to equal the fair value of separate account assets. Separate account assets are primarily comprised of public and privately-registered and non-registered mutual funds, whose fair value is primarily based on the funds’ net asset value. Other separate account assets are recorded at fair value based on the methodology that is applicable to the underlying assets.

 

8

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

Investments

Bonds and stocks of unaffiliated companies. Bonds are generally stated at amortized cost, except those with an NAIC designation of “6”, which are stated at the lower of amortized cost or fair value. Preferred stocks are generally stated at amortized cost, except those with an NAIC designation of “4” through “6”, which are stated at the lower of amortized cost or fair value. Common stocks are stated at fair value. Changes in the fair value of bonds and stocks stated at fair value are charged to capital and surplus.

Loan-backed and structured securities, which are included in bonds in the statutory financial statements, are stated in a manner consistent with the bond guidelines, but with additional consideration given to the special valuation rules implemented by the NAIC applicable to residential mortgage-backed securities that are not backed by U.S. government agencies, commercial mortgage-backed securities and certain other structured securities. Under these guidelines, an initial and adjusted NAIC designation is determined for each security. The initial NAIC designation, which takes into consideration the security’s amortized cost relative to an NAIC-prescribed valuation matrix, is used to determine the reporting basis (i.e., amortized cost or lower of amortized cost or fair value).

Interest income is recognized when earned, while dividends are recognized when declared. The Company nonadmits investment income due and accrued when amounts are over 90 days past due.

For investments in loan-backed and structured securities, the Company recognizes income and amortizes discounts and premiums using the effective-yield method based on prepayment assumptions, generally obtained using a model provided by a third-party vendor, and the estimated economic life of the securities. When actual prepayments differ significantly from estimated prepayments, the effective-yield is recalculated to reflect actual payments to date and anticipated future payments. Any resulting adjustment is included in net investment income in the period the estimates are revised. All other investment income is recorded using the effective-yield method without anticipating the impact of prepayments.

Purchases and sales of bonds and stocks are recorded on the trade date, with the exception of private placement bonds, which are recorded on the funding date. Realized gains and losses are determined on a specific identification method on the trade date.

Independent pricing services are most often utilized, and compared to pricing from additional sources, to determine the fair value of bonds and stocks for which market quotations or quotations on comparable securities are available. For these bonds and stocks, the Company obtains the pricing services’ methodologies and classifies the investments accordingly in the fair value hierarchy.

A corporate pricing matrix is used in valuing certain corporate bonds. The corporate pricing matrix was developed using publicly available spreads for privately-placed corporate bonds with varying weighted average lives and credit quality ratings. The weighted average life and credit quality rating of a particular bond to be priced using the corporate pricing matrix are important inputs into the model and are used to determine a corresponding spread that is added to the appropriate U.S. Treasury yield to create an estimated market yield for that bond. The estimated market yield and other relevant factors are then used to estimate the fair value of the particular bond.

For all bonds, the Company considers its ability and intent to hold the security for a period of time sufficient to allow for the anticipated recovery in value, the expected recovery of principal and interest and extent to which the fair value has been less than amortized cost. If the decline in fair value to below amortized cost is determined to be other-than- temporary, a realized loss is recorded equal to the difference between the amortized cost of the investment and its fair value.

The Company periodically reviews loan-backed and structured securities in an unrealized loss position by comparing the present value of cash flows, including estimated prepayments, expected to be collected from the security to the amortized cost basis of the security. If the present value of cash flows expected to be collected, discounted at the security’s effective interest rate, is less than the amortized cost basis of the security, the impairment is considered other-than-temporary and a realized loss is recorded.

All other bonds in an unrealized loss position are periodically reviewed to determine if a decline in fair value to below amortized cost is other-than-temporary. Factors considered during this review include timing and amount of expected cash flows, ability of the issuer to meet its obligations, financial condition and future prospects of the issuer, amount and quality of any underlying collateral and current economic and industry conditions that may impact an issuer.

Stocks may experience other-than-temporary impairment based on the prospects for full recovery in value in a reasonable period of time and the Company’s ability and intent to hold the stock to recovery. If a stock is determined to be other-than-temporarily impaired, a realized loss is recorded equal to the difference between the cost basis of the investment and its fair value.

Cash and cash equivalents. Cash and cash equivalents include highly liquid investments with original maturities of less than three months.

 

9

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

Short-term investments. Short-term investments consist primarily of highly liquid mutual funds. The Company carries short- term investments at amortized cost which approximates fair value.

Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources while unobservable inputs reflect the Company’s view of market assumptions in the absence of observable market information. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. In determining fair value, the Company uses various methods, including market, income and cost approaches.

The Company categorizes its financial instruments into a three-level hierarchy based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument in its entirety.

The Company categorizes assets and liabilities held at fair value in the statutory statements of admitted assets, liabilities, capital and surplus as follows:

Level 1. Unadjusted quoted prices accessible in active markets for identical assets or liabilities at the measurement date and mutual funds where the value per share (unit) is determined and published daily and is the basis for current transactions.

Level 2. Unadjusted quoted prices for similar assets or liabilities in active markets or inputs (other than quoted prices) that are observable or that are derived principally from or corroborated by observable market data through correlation or other means. Primary inputs to this valuation technique may include comparative trades, bid/asks, interest rate movements, U.S. Treasury rates, London Interbank Offered Rate (“LIBOR”), prime rates, cash flows, maturity dates, call ability, estimated prepayments and/or underlying collateral values.

Level 3. Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Inputs reflect management’s best estimates of the assumptions market participants would use at the measurement date in pricing the asset or liability. Consideration is given to the risk inherent in both the method of valuation and the valuation inputs. Primary inputs to this valuation technique include broker quotes and comparative trades.

The Company reviews its fair value hierarchy classifications for assets and liabilities quarterly. Changes in observability of significant valuation inputs identified during these reviews may trigger reclassifications. Reclassifications are reported as transfers at the beginning of the period in which the change occurs.

Asset Valuation Reserve

The Company maintains an AVR as prescribed by the NAIC for the purpose of offsetting potential credit related investment losses on each invested asset category, excluding cash and income receivable. The AVR contains a separate component for each category of invested assets. The change in AVR is charged or credited directly to capital and surplus.

Interest Maintenance Reserve

The Company records an IMR as prescribed by the NAIC, which represents the net deferral for interest-related gains or losses arising from the sale of certain investments, such as bonds and loan-backed and structured securities sold. The IMR is applied as follows:

 

  •  

For bonds, the designation from the NAIC Capital Markets and Investments Analysis Office must not have changed more than one designation between the beginning of the holding period and the date of sale;

 

  •  

the bond must never have been classified as a default security; and

 

  •  

for loan-backed and structured securities, all interest-related other-than-temporary impairments and interest-related realized gains or losses on sales of the securities.

The realized gains or losses, net of related federal income tax, from the applicable bonds sold, have been removed from the net realized gain or loss amounts and established as a net liability. This liability is amortized into income such that the amount of each capital gain or loss amortized in a given year is based on the excess of the amount of income which would have been reported that year, if the asset had not been disposed of over the amount of income which would have been reported had the asset been repurchased at its sale price. In the event the unamortized IMR liability balance is negative, the balance is reclassified as an asset and fully nonadmitted. The Company utilizes the grouped method for amortization. Under the grouped method, the liability is amortized into income over the remaining period to expected maturity based on the groupings of the individual securities into five-year bands.

 

10

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

Federal Income Taxes

The Company utilizes the asset and liability method of accounting for income taxes. Under this method, deferred tax assets, net of any nonadmitted portion and statutory valuation allowance, and deferred tax liabilities, are recognized for the expected future tax consequences attributable to differences between the statutory financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income or loss in the years in which those temporary differences are expected to be recovered or settled. The change in deferred taxes, excluding the impact of taxes on unrealized capital gains or losses and nonadmitted deferred taxes, is charged directly to capital and surplus. Valuation allowances are recorded to reduce a deferred tax asset to the amount expected to be realized.

The Company provides for federal income taxes based on amounts the Company believes it ultimately will owe. Inherent in the provision for federal income taxes are estimates regarding the deductibility of certain items and the realization of certain tax credits. In the event the ultimate deductibility of certain items or the realization of certain tax credits differs from estimates, the Company may be required to change the provision for federal income taxes recorded in the statutory financial statements, which could be significant.

Tax reserves are reviewed regularly and are adjusted as events occur that the Company believes impact its liability for additional taxes, such as lapsing of applicable statutes of limitations, conclusion of tax audits or substantial agreement with taxing authorities on the deductibility/nondeductibility of uncertain items, additional exposure based on current calculations, identification of new issues, release of administrative guidance or rendering of a court decision affecting a particular tax issue. The Company believes its tax reserves reasonably provide for potential assessments that may result from Internal Revenue Service (“IRS”) examinations and other tax-related matters for all open tax years.

COVID-19

On March 11, 2020, the World Health Organization declared the novel coronavirus (“COVID-19”) a pandemic. The COVID-19 pandemic conditions create financial market volatility and uncertainty regarding whether and when certain customer behaviors will return to historical patterns, including sales of new and retention of existing policies, life insurance mortality and credit allowance exposure. Although impacting certain sales and revenues, none of the aforementioned items have had a material impact on the overall financial condition of the Company. The extent to which the COVID-19 pandemic may impact the Company’s ongoing operations and financial condition will depend on future developments that are evolving and uncertain.

Subsequent Events

The Company evaluated subsequent events through April 21, 2021, the date the statutory financial statements were issued.

 

11

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

(3)

Analysis of Annuity Actuarial Reserves and Deposit Liabilities by Withdrawal Characteristics

The following table summarizes the analysis of individual annuities actuarial reserves by withdrawal characteristics, as of the dates indicated:

 

                                                                                                                            
(in thousands)    General
account		      Separate
account with
guarantees		     

Separate
account non-

guaranteed

      Total      % of
Total		  

December 31, 2020

               

Subject to discretionary withdrawal:

               

At fair value

    $ -      $ -      $ 199,813      $ 199,813        100 % 

Total with market value
adjustment or at fair value

    $ -      $ -      $ 199,813      $ 199,813        100 % 

At book value without adjustment
(minimal or no charge or adjustment)

      -        -        -        -        0 % 

Total, gross

    $ -      $ -      $ 199,813      $ 199,813        100 % 

Less: Reinsurance ceded

      -        -        -        -           

Total, net

    $ -      $ -      $ 199,813      $ 199,813           

December 31, 2019

               

Subject to discretionary withdrawal:

               

At fair value

    $ -      $ -      $ 143,078      $ 143,078        100 % 

Total with market value
adjustment or at fair value

    $ -      $ -      $ 143,078      $ 143,078        100 % 

At book value without adjustment
(minimal or no charge or adjustment)

      -        -        -        -        0 % 

Total, gross

    $ -      $ -      $ 143,078      $ 143,078        100 % 

Less: Reinsurance ceded

      -        -        -        -           

Total, net

    $ -      $ -      $ 143,078      $ 143,078           

 

12

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

The following table summarizes the analysis of deposit-type contracts and other liabilities without life or disability contingencies by withdrawal characteristics, as of the dates indicated:

 

                                                                                                                            
(in thousands)    General
account		      Separate
account with
guarantees		     

Separate
account non-

guaranteed

      Total      % of
Total		  

December 31, 2020

               

Subject to discretionary withdrawal:

               

At fair value

    $ -      $ -      $ -      $ -        0 % 

Total with market value adjustment or at fair value

    $ -      $ -      $ -      $ -        0 % 

At book value without adjustment (minimal or no charge or adjustment)

      465        -        -        465        100 % 

Total, gross

    $ 465      $ -      $ -      $ 465        100 % 

Less: Reinsurance ceded

      -        -        -        -           

Total, net

    $ 465      $ -      $ -      $ 465           
                                              

December 31, 2019

               

At fair value

    $ -      $ -      $ -      $ -        0 % 

Total with market value adjustment or at fair value

    $ -      $ -      $ -      $ -        0 % 

At book value without adjustment (minimal or no charge or adjustment)

      617        -        -        617        100 % 

Total, gross

    $ 617      $ -      $ -      $ 617        100 % 

Less: Reinsurance ceded

      -        -        -        -           

Total, net

    $ 617      $ -      $ -      $ 617           

The following table is a reconciliation of total annuity actuarial reserves and deposit fund liabilities, as of the dates indicated:

 

      December 31,  
(in thousands)    2020      2019  

Life, accident and health annual statement:

      

Deposit-type contracts

    $ 465      $ 617  

Subtotal

    $ 465      $ 617  

Separate accounts annual statement:

      

Annuities, net (excluding supplemental contracts with life contingencies)

      199,813        143,078  

Subtotal

    $ 199,813      $ 143,078  

Total annuity actuarial reserves and deposit fund liabilities, net

    $ 200,278      $ 143,695  

 

13

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

(4)

Separate Accounts

The Company’s separate account statement includes assets legally insulated from the general account as of the dates indicated, attributed to the following product lines:

 

      December 31, 2020      December 31, 2019  
(in thousands)    Legally insulated
assets		      Separate account
assets (not legally
insulated)		      Legally insulated
assets		      Separate account
assets (not legally
insulated)		  

Product / Transaction:

            

Individual Annuities

    $ 199,813      $ -      $ 143,078      $ -  

Total

    $ 199,813      $ -      $ 143,078      $ -  

The Company does not engage in securities lending transactions within its separate accounts.

All separate accounts held by the Company relate to individual variable annuity of a non-guaranteed return nature. The net investment experience of the separate accounts is credited directly to the contractholder and can be positive or negative. The assets and liabilities of these separate accounts are carried at fair value and are non-guaranteed. No guaranteed benefits were offered on the variable annuity contracts in 2020 and 2019.

The following tables summarize the separate account reserves of the Company, as of the dates indicated:

 

              Nonindexed     Nonindexed                 
            guarantee     guarantee     Nonguaranteed         
            less than or     more than     separate         

(in thousands)

      Indexed        equal to 4%       4%       accounts        Total  

December 31, 2020

             

Premiums, considerations or deposits

    $ -      $ -     $ -     $ 47,726      $ 47,726  

Reserves

             

For accounts with assets at:

             

Fair value

    $ -      $ -     $ -     $ 199,813      $ 199,813  

Total reserves

    $ -      $ -     $ -     $ 199,813      $ 199,813  

By withdrawal characteristics:

             

At fair value

    $ -      $ -     $ -     $ 199,813        199,813  

Total reserves

    $ -      $ -     $ -     $ 199,813      $ 199,813  

 

              Nonindexed     Nonindexed                 
            guarantee     guarantee     Nonguaranteed         
            less than or     more than     separate         

(in thousands)

      Indexed        equal to 4%       4%       accounts        Total  

December 31, 2019

             

Premiums, considerations or deposits

    $ -      $ -     $ -     $ 36,324      $ 36,324  

Reserves

             

For accounts with assets at:

             

Fair value

    $ -      $ -     $ -     $ 143,078      $ 143,078  

Total reserves

    $ -      $ -     $ -     $ 143,078      $ 143,078  

By withdrawal characteristics:

             

At fair value

      -        -       -       143,078        143,078  

Total reserves

    $ -      $ -     $ -     $ 143,078      $ 143,078  

 

14

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

The following table is a reconciliation of net transfers to separate accounts, as of the dates indicated:

 

      December 31,  

(in thousands)

      2020        2019        2018  

Transfers as reported in the statutory statements of operations of
the separate accounts:

         

Transfers to separate accounts

    $ 47,726      $ 36,324      $ 26,842  

Transfers from separate accounts

      12,794        8,305        6,388  

Net transfers to separate accounts

    $ 34,932      $ 28,019      $ 20,454  

Reconciling adjustments:

         

Fees not included in general account transfers

      (10 )       -        2  

Exchange accounts offsetting in the general account

      15        102        (105 ) 

Transfers as reported in the statutory statements of operations

    $ 34,937      $ 28,121      $ 20,351  

 

(5)

Investments

Bonds

The following table summarizes the carrying value, the excess of fair value over carrying value, the excess of carrying value over fair value and the fair value of bonds and stocks, as of the dates indicated:

 

(in thousands)    Carrying
value		      Fair value in
excess of
carrying value		      Carrying value
in excess of
fair value		      Fair value  

December 31, 2020

            

Bonds:

            

U.S. Government

    $ 3,787      $ 232      $ -      $ 4,019  

Loan-backed and structured securities

      1,195        31        -        1,226  

Total bonds

    $ 4,982      $ 263      $ -      $ 5,245  

Total bonds and stocks

    $ 4,982      $ 263      $ -      $ 5,245  
                                     

December 31, 2019

            

Bonds:

            

U.S. Government

    $ 2,992      $ 52      $ 1      $ 3,043  

Special revenues

      100        1        -        101  

Industrial and miscellaneous

      1,721        58        -        1,779  

Loan-backed and structured securities

      204        9        -        213  

Total bonds

    $ 5,017      $ 120      $ 1      $ 5,136  

Preferred stocks

      103        -        1        102  

Total stocks

      103        -        1        102  

Total bonds and stocks

    $ 5,120      $ 120      $ 2      $ 5,238  

The carrying value of bonds on deposit with various states as required by law or special escrow agreement was $195 as of December 31, 2020 and 2019.

 

15

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

The following table summarizes the carrying value and fair value of bonds, by contractual maturity, as of December 31, 2020. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without early redemption penalties.

 

(in thousands)    Carrying value      Fair value  

Bonds:

      

Due in one year or less

    $ 1,003      $ 1,006  

Due after one year through five years

      993        1,059  

Due after five years through ten years

      1,791        1,954  

Due after ten years

      -        -  

Total bonds excluding loan-backed and structured securities

    $ 3,787      $ 4,019  

Loan-backed and structured securities

      1,195        1,226  

Total bonds

    $ 4,982      $ 5,245  

There were no bonds or stocks in an unrealized loss position as of December 31, 2020. The following table summarizes the fair value and unrealized losses on bonds and stock (amount by which cost or amortized cost exceeds fair value), for which other-than-temporary declines in value have not been recognized, based on the amount of time each type of bond or stock has been in an unrealized loss position, as of December 31, 2019:

 

     

Less than or equal to

one year

      More than one year      Total  
(in thousands)   

Fair

value

      Unrealized
losses		     

Fair

value

     

Unrealized

losses

     

Fair

value

     

Unrealized

losses

  

Bonds:

                  

U.S Government

    $ -      $ -      $ 1,011      $ 1      $ 1,011      $ 1  

Total bonds

    $ -      $ -      $ 1,011      $ 1      $ 1,011      $ 1  

Preferred stock

    $ 103      $ 1        -            -      $ -      $ 103      $ 1  

Total bonds and stocks

    $ 103      $ 1      $ 1,011      $ 1      $ 1,114      $ 2  

Management evaluates securities in an unrealized loss position and all non-marketable securities for impairment. As of the December 31, 2019, the Company had the intent and ability to hold these securities until the fair value recovers, which may be maturity, and therefore, does not consider the securities to be other-than-temporarily impaired.

There was no intent to sell other-than-temporary impairments on loan-backed and structured securities for the years ended December 31, 2020 and 2019.

 

16

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

Net Investment Income

The following table summarizes net investment income by investment type, for the years ended:

 

      December 31,  
(in thousands)    2020      2019      2018  

Bonds

    $ 106      $ 128      $ 135  

Preferred stocks

      -        5        5  

Other

              1                6                6  

Gross investment income

    $ 107      $ 139      $ 146  

Investment expenses

      (3 )       (4 )       (5 ) 

Net investment income

    $ 104      $ 135      $ 141  

There was no investment income due and accrued that was nonadmitted as of December 31, 2020 and 2019.

Net Realized Capital Gains and Losses

The following table summarizes net realized capital gains and losses for the years ended:

 

      December 31,  
(in thousands)    2020      2019      2018  

Gross gains on sales

    $ 74      $ -      $ -  

Gross losses on sales

      (1 )       -        (5 ) 

Net realized gains (losses) on sales

    $ 73      $ -      $ (5 ) 

Tax expense

      19        -        16  

Net realized capital gains (losses), net of tax

    $ 54      $ -      $ (21 ) 

Less: Realized gains (losses) transferred to the IMR

      57        -        (4 ) 

Net realized capital losses, net of tax and transfers to the IMR

    $ (3 )     $ -      $ (17 ) 

For the year ended December 31, 2020, the gross realized gains on sales of bonds were $74 and there were no gross realized losses on sales of bonds. For the year ended December 31, 2018, all gross realized gains and losses on sales were related to bonds.

The Company did not enter into any repurchase transactions that would be considered wash sales during the years ended December 31, 2020, 2019 and 2018.

 

17

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

(6)

Fair Value Measurements

The following table summarizes assets held at fair value as of December 31, 2020 and 2019:

 

(in thousands)    Level 1      Level 2      Level 3      Total  

December 31, 2020

            

Assets

            

Separate account assets

    $ 199,813      $ -      $ -      $ 199,813  

Assets at fair value

    $ 199,813      $ -      $ -      $ 199,813  

December 31, 2019

            

Assets

            

Separate account assets

    $ 143,078      $ -      $ -      $ 143,078  

Assets at fair value

    $ 143,078      $ -      $ -      $ 143,078  

The following table summarizes the carrying value and fair value of the Company’s assets and liabilities not held at fair value as of the dates indicated. The valuation techniques used to estimate these fair values are described in Note 2.

 

     Fair value         
(in thousands)    Level 1      Level 2      Level 3      Total fair
value		      Carrying
value		  

December 31, 2020

               

Assets

               

Bonds

    $ 5,245      $ -      $ -      $ 5,245      $ 4,982  

Cash, cash equivalents and short-term investments

      1,614        -        -        1,614        1,614  

Total assets

    $ 6,859      $ -      $ -      $ 6,859      $ 6,596  
                                              

December 31, 2019

               

Assets

               

Bonds

    $ 3,043      $ 2,093      $ -      $ 5,136      $ 5,017  

Stocks

      -        102        -        102        103  

Total assets

    $ 3,043      $ 2,195      $ -      $ 5,238      $ 5,120  

 

18

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

(7)

Federal Income Taxes

The following tables summarize the net admitted deferred tax assets, as of the dates indicated:

 

                                                                          
      December 31, 2020  
(in thousands)    Ordinary      Capital      Total  

Total gross deferred tax assets

    $ 570      $ -      $ 570  

Statutory valuation allowance adjustment

      420        -        420  

Adjusted gross deferred tax assets

    $ 150      $ -      $ 150  

Less: Deferred tax assets nonadmitted

      -        -        -  

Net admitted deferred tax assets

    $ 150      $ -      $ 150  

Less: Deferred tax liabilities

      -        3        3  

Net admitted deferred tax assets

    $ 150      $ (3 )     $ 147  
                            
     December 31, 2019  
(in thousands)    Ordinary      Capital      Total  

Total gross deferred tax assets

    $ 428      $ -      $ 428  

Statutory valuation allowance adjustment

      -        -        -  

Adjusted gross deferred tax assets

    $ 428      $ -      $ 428  

Less: Deferred tax assets nonadmitted

      255        -        255  

Net admitted deferred tax assets

    $ 173      $ -      $ 173  

Less: Deferred tax liabilities

      -        6        6  

Net admitted deferred tax assets

    $ 173      $ (6 )     $ 167  

The following table summarizes components of the change in deferred income taxes reported in capital and surplus before consideration of nonadmitted assets and changes from the prior year, as of the dates indicated:

 

                                                                          
      December 31,          
(in thousands)    2020      2019      Change  

Adjusted gross deferred tax assets

    $ 150      $ 428      $ (278 ) 

Total deferred tax liabilities

      3        6        (3 ) 

Net deferred tax assets

    $ 147      $ 422      $ (275 ) 

Less: Tax effect of unrealized gains

                        -  

Change in deferred income tax

                      $ (275 ) 

 

19

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

The following tables summarize components of the admitted deferred tax assets calculation, as of the dates indicated:

 

      December 31, 2020  
(in thousands)    Ordinary      Capital      Total  

Adjusted gross deferred tax assets expected to be realized1

    $ 147      $ -      $ 147  

Adjusted gross deferred tax assets offset against existing gross deferred tax liabilities

      3        -        3  

Admitted deferred tax assets

    $ 150      $ -      $ 150  

 

      December 31, 2019  
(in thousands)    Ordinary      Capital      Total  

Adjusted gross deferred tax assets expected to be realized1

    $ 167      $ -      $ 167  

Adjusted gross deferred tax assets offset against existing gross deferred tax liabilities

      6        -        6  

Admitted deferred tax assets

    $ 173      $ -      $ 173  
  1

Note that this amount is calculated as the lesser of the adjusted gross deferred tax assets expected to be realized following the balance sheet due date or the adjusted gross deferred tax assets allowed per the limitation threshold. For the years ended December 31, 2020 and 2019, the threshold limitation for adjusted capital and surplus was $984 and $982, respectively.

The adjusted capital and surplus used to determine the recovery period and adjusted gross deferred tax assets allowed per the limitation threshold was $6,558 and $6,545 as of December 31, 2020 and 2019, respectively. The ratio percentage used to determine the recovery period and adjusted gross deferred tax assets allowed per the limitation threshold was 10,646% and 10,758% as of December 31, 2020 and 2019, respectively.

The following tables summarize the impact of tax planning strategies, as of the dates indicated:

 

      December 31, 2020  
      Ordinary     Capital     Total  

Adjusted gross deferred tax assets

      18.31 %      0.00 %      18.31 % 

Net admitted adjusted gross deferred tax assets

      18.31 %      0.00 %      18.31 % 

 

      December 31, 2019  
      Ordinary     Capital     Total  

Adjusted gross deferred tax assets

      0.00 %      0.00 %      0.00 % 

Net admitted adjusted gross deferred tax assets

      0.00 %      0.00 %      0.00 % 

The Company’s tax planning strategies do not include the use of reinsurance.

There were no temporary differences for which deferred tax liabilities were not recognized for the years ended December 31, 2020 and 2019.

 

20

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

The following table summarizes the tax effects of temporary differences and the change from the prior year, for the years ended:

 

       December 31,           
(in thousands)    2020      2019      Change  

Deferred tax assets

         

Ordinary:

         

Deferred acquisition costs

    $ 458      $ 365      $ 93  

Tax credit carry-forward

      112        63        49  

Subtotal

    $ 570      $ 428      $ 142  

Statutory valuation allowance adjustment

    $ 420      $ -      $ 420  

Nonadmitted

      -        255        (255 ) 

Admitted ordinary deferred tax assets

    $ 150      $ 173      $ (23 ) 

Admitted deferred tax assets

    $ 150      $ 173      $ (23 ) 

Deferred tax liabilities

         

Capital:

         

Investments

    $ 3      $ 6      $ (3 ) 

Subtotal

    $ 3      $ 6      $ (3 ) 

Deferred tax liabilities

    $ 3      $ 6      $ (3 ) 

Net deferred tax assets

    $ 147      $ 167      $ (20 ) 

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion of the total deferred tax assets will not be realized. Valuation allowances are established when necessary to reduce the deferred tax assets to amounts expected to be realized. Based on management’s analysis on a standalone company basis, it is not likely the Company will be able to generate sufficient taxable income to realize all deferred tax assets. Therefore, the Company reported a valuation allowance as of December 31, 2020. As of December 31, 2019 the Company did not report a valuation allowance as management’s analysis supported the realization of the Company’s deferred tax assets on a standalone company basis.

The following table summarizes the Company’s income tax incurred and change in deferred income tax. The total income tax and change in deferred income tax differs from the amount obtained by applying the federal statutory rate to income before tax as follows, for the years ended:

 

      December 31,  
(in thousands)    2020     2019     2018  

Current income tax expense

    $ 36     $ -     $ 131  

Change in deferred income tax (without tax on unrealized gains and losses)

      275       (86 )      (109 ) 

Total income tax expense (benefit) reported

    $ 311     $ (86 )    $ 22  

Income (loss) before income and capital gains taxes

    $ 34     $ 106     $ (131 ) 

Federal statutory tax rate

      21 %      21 %      21 % 

Expected income tax expense (benefit) at statutory tax rate

    $ 7     $ 22     $ (28 ) 

Decrease (increase) in actual tax reported resulting from:

       

Initial ceding commission and expense allowance

       

Dividends received deduction

      (62 )      (39 )      (35 ) 

Tax credit

      (65 )      (67 )      (47 ) 

Tax adjustment for IMR

      11       -       -  

Change in valuation allowance

      420       -       -  

Other

      -       (2 )      132  

Total income tax expense (benefit) reported

    $ 311     $ (86 )    $ 22  

 

21

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

The Company incurred $18 in federal income tax expense in 2020 and $11 in 2018 which is available for recoupment in the event of future net losses.

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law and includes certain income tax provisions relevant to businesses. The Company is required to recognize the effect on the financial statements in the period the law was enacted. For year ended December 31, 2020, the CARES Act did not have a material impact on the Company’s financial statements.

The following table summarizes operating loss or tax credit carry-forwards available as of December 31, 2020:

 

(in thousands)    Amount      Origination      Expiration  

Foreign tax credit

    $ 34        2018        2028  

Foreign tax credit

    $ 57        2019        2029  

Foreign tax credit

    $             21        2020        2030  

The Company did not have any protective tax deposits under Section 6603 of the Internal Revenue Code as of December 31, 2020 and 2019.

The Company does not have any tax loss contingencies for which it is reasonably possible that the total liability will significantly increase within twelve months of the reporting date.

The Company files a consolidated income tax return with its parent, JNL. The method of allocation among the companies is based upon separate return calculations with current benefit for tax losses and credits utilized in the consolidated return.

 

22

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

(8)

Transactions with Affiliates

Effective April 1, 2015, the Company entered into a service agreement with JN Financial, which covered certain general and administrative expenses. As of July 1, 2019, the Company entered into an Administrative Services Agreement with NMIC, covering certain expenses included within general, administrative and other expenses on the statements of operations. During 2020, 2019 and 2018, the Company’s operating expenses allocated under this agreement was $669, $417 and $613, respectively.

Effective April 1, 2015, the Company entered into a Distribution Agreement with its affiliate, Jefferson National Securities Corporation (“JNSC”). The Distribution Agreement stipulates that JNSC agrees to be the distributor of variable contracts for the Company and the Company agrees that it will reimburse the costs it incurs to distribute these contracts. The total amount reimbursed in 2020, 2019 and 2018 under this agreement was $33, $35 and $19, respectively.

Jefferson National Financial Advisors, Inc. (“JNA”), a subsidiary of JN Financial, has served as the advisor for certain variable insurance trust mutual funds offered by the Company through its variable annuity products. Effective December 31, 2019, JNA was merged into the parent company, JN Financial.

The Company has not made any other guarantees or undertakings for the benefit of an affiliate which would result in a material contingent exposure of the Company’s or any affiliated insurer’s assets or liabilities.

During 2020 and 2019, the Company did not own any common shares of an upstream intermediate or ultimate parent, either directly or indirectly via a downstream subsidiary, controlled or affiliated company.

On February 11, 2020, the Company entered into an unsecured promissory note and revolving line of credit agreement with NLIC whereby the Company can borrow up to $5,000. As of December 31, 2020, no amounts were drawn on the note.

 

(9)

Contingencies

Legal and Regulatory Matters

The Company is subject to legal and regulatory proceedings in the ordinary course of its business. These include proceedings specific to the Company and proceedings generally applicable to business practices in the industries in which the Company operates. The outcomes of these proceedings cannot be predicted due to their complexity, scope, and many uncertainties. The Company believes, however, that based on currently known information, the ultimate outcome of all pending legal and regulatory proceedings is not likely to have a material adverse effect on the Company’s financial condition.

The various businesses conducted by the Company are subject to oversight by numerous federal and state regulatory entities, including but not limited to the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the IRS, office of the Comptroller of the Currency and state insurance authorities. Such regulatory entities may, in the normal course of business, be engaged in general or targeted inquiries, examinations and investigations of the Company and/or its affiliates. With respect to all such scrutiny directed at the Company or its affiliates, the Company is cooperating with regulators.

Indemnifications

In the normal course of business, the Company provides standard indemnifications to contractual counterparties. The types of indemnifications typically provided include breaches of representations and warranties, taxes and certain other liabilities, such as third-party lawsuits. The indemnification clauses are often standard contractual terms and are entered into in the normal course of business based on an assessment that the risk of loss would be remote. The terms of the indemnifications vary in duration and nature. In many cases, the maximum obligation is not explicitly stated, and the contingencies triggering the obligation to indemnify have not occurred and are not expected to occur. Consequently, the amount of the obligation under such indemnifications is not determinable. Historically, the Company has not made any material payments pursuant to these obligations.

 

23

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

Notes to December 31, 2020, 2019 and 2018 Statutory Financial Statements (in thousands)

 

 

 

(10)

Regulatory Risk-Based Capital, Dividend Restrictions and Unassigned Surplus

The NAIC Risk-Based Capital (“RBC”) model law requires every insurer to calculate its total adjusted capital and RBC requirement to ensure insurer solvency. Regulatory guidelines provide for an insurance commissioner to intervene if the insurer experiences financial difficulty, as evidenced by a company’s total adjusted capital falling below established relationships to required RBC. The model includes components for asset risk, liability risk, interest rate exposure and other factors. The State of New York, where the Company is domiciled, imposes minimum RBC requirements that are developed by the NAIC. The formulas in the model for determining the amount of RBC specify various weighting factors that are applied to financial balances or various levels of activity based on the perceived degree of risk. Regulatory compliance is determined by a ratio of total adjusted capital to authorized control level RBC, as defined by the NAIC. Companies below specific trigger points or ratios are classified within certain levels, all of which require specified corrective action. The Company exceeded the minimum RBC requirements for all periods presented.

Dividends to shareholders are limited by state insurance laws. Under New York insurance laws, the Company may pay dividends only out of its earnings and surplus, subject to at least thirty days prior notice to the New York Insurance Superintendent and no disapproval from the Superintendent prior to the date of such dividend. The Company’s statutory capital and surplus as of December 31, 2020 was $6,705, and the statutory net gain from operations before realized capital gains or losses and federal income taxes for 2020 was $18. Due to the Company’s unassigned deficit as of December 31, 2020, any dividend paid by the Company in 2021 would require regulatory approval.

 

24

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

 

 

 

Schedule I    Summary of Investments – Other Than Investments in Related Parties

As of December 31, 2020 (in thousands)

 

Column A    Column B      Column C      Column D  
Type of investment    Cost      Fair value     

Amount at which
is
shown in the
statutory
statements of
admitted
assets,  liabilities,
capital

and surplus

  

Bonds:

         

U.S. Treasury securities and obligations of U.S. Government corporations

    $ 3,787      $ 4,019      $ 3,787  

All other corporate, mortgage-backed and asset-backed securities

      1,195        1,226        1,195  

Total bonds

    $ 4,982      $             5,245      $ 4,982  

Cash, cash equivalents and short-term investments

    $ 1,614               $ 1,614  

Total invested assets

    $             6,596               $ 6,596  

See accompanying notes to statutory financial statements and report of independent registered public accounting firm.

 

25

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

 

 

 

Schedule IV    Reinsurance

As of December 31, 2020, 2019 and 2018 and for each of the years then ended (in thousands)

 

Column A    Column B    Column C      Column D      Column E      Column F  
                               Percentage  
          Ceded to      Assumed             of amount  
     Gross    other      from other      Net      assumed  
      amount    companies      companies      amount      to net  

2020

               

Life insurance in force

    $        -    $ -      $ -      $ -        -  

Life insurance premiums

    $        -    $ -      $ -      $ -        -  
                                          

2019

               

Life insurance in force

    $        -    $ -      $ -      $ -        -  

Life insurance premiums

    $        -    $ -      $ -      $ -        -  
                                          

2018

               

Life insurance in force

    $        -    $ -      $ -      $ -        -  

Life insurance premiums

    $        -    $ -      $ -      $ -        -  

See accompanying notes to statutory financial statements and report of independent registered public accounting firm.

 

26

JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK

(a wholly owned subsidiary of Jefferson National Life Insurance Company)

 

 

 

Schedule V    Valuation and Qualifying Accounts

Years ended December 31, 2020, 2019 and 2018 (in thousands)

 

Column A    Column B      Column C      Column D      Column E  
     Balance at      Charged to      Charged to             Balance at  
     beginning      costs and      other             end of  
Description    of period      expenses      accounts      Deductions      period  

2020

               

Valuation allowances - mortgage loans

    $ -      $ -      $ -      $ -      $ -  

Valuation allowances - net deferred tax assets

    $ -      $ 420      $ -      $ -      $ 420  
                                              

2019

               

Valuation allowances - mortgage loans

    $ -      $ -      $ -      $ -      $ -  

Valuation allowances - net deferred tax assets

    $ -      $ -      $ -      $ -      $ -  
                                              

2018

               

Valuation allowances - mortgage loans

    $ -      $ -      $ -      $ -      $ -  

Valuation allowances - net deferred tax assets

    $ -      $ -      $ -      $ -      $ -  

See accompanying notes to statutory financial statements and report of independent registered public accounting firm.

 

27

PART C. OTHER INFORMATION
Item 24. Financial Statements and Exhibits
(A) Financial Statements
(1) Jefferson National Life of New York Annuity Account 1:
  Report of Independent Registered Public Accounting Firm.
  Statements of Assets, Liabilities and Contract Owners’ Equity as of December 31, 2020.
  Statements of Operations for the year ended December 31, 2020.
  Statements of Changes in Contract Owners’ Equity for the years ended December 31, 2020and 2019.
  Notes to Financial Statements.
(2) Jefferson National Life Insurance Company of New York:
  Independent Auditors’ Report.
  Statutory Statements of Admitted Assets, Liabilities, Capital and Surplus as of December 31, 2020 and 2019.
  Statutory Statements of Operations for the years ended December 31, 2020, 2019 and 2018.
  Statutory Statements of Changes in Capital and Surplus for the years ended December 31, 2020, 2019 and 2018.
  Statutory Statements of Cash Flow for the years ended December 31, 2020, 2019 and 2018.
  Notes to Statutory Financial Statements.
(B) Exhibits
(1) Resolutions of the Board of Directors
(a) Resolution of Board of Directors of the Company authorizing the establishment of the Separate Account – Filed previously with initial registration statement (333-198590) on September 5, 2014 and hereby incorporated by reference.
(2) Not Applicable.
(3) Underwriting or Distribution Contracts.
(a) Distribution Agreement.
(i) Distribution Agreement dated April 1, 2015 between Jefferson National Life Insurance Company of New York and Jefferson National Securities Corporation – Filed previously with Post-Effective Amendment No. 5 on April 29, 2019 (333-198590) and hereby incorporated by reference.
(4) Variable Annuity Contracts.
(a) Form of Policy Form - Filed previously with initial registration statement (333-198590) on September 5, 2014 and hereby incorporated by reference.
(b) Form of IRA Endorsement - Filed previously with initial registration statement (333-198590) on September 5, 2014 and hereby incorporated by reference.
(c) Form of Roth IRA Endorsement - Filed previously with initial registration statement (333-198590) on September 5, 2014 and hereby incorporated by reference.
(5) Applications.
(a) Form of Annuity Application - Filed previously with Post-Effective Amendment No. 3 on April 28, 2017 (333-198590) and hereby incorporated by reference.
(6) Certificates of Incorporation.
(a) Certified Declaration of Intention and Charter of Jefferson National Life Insurance Company of New York – Filed previously with Post-Effective Amendment No. 5 on April 29, 2019 (333-198590) and hereby incorporated by reference.
1

 

b) Amended and Restated By-Laws of Jefferson National Life Insurance Company of New York – Filed previously with Post-Effective Amendment No. 5 on April 29, 2019 (333-198590) and hereby incorporated by reference.
(7) Not Applicable.
(8) Participation Agreements.
(a) Form of Amendment dated January 1, 2015 to Participation Agreement among The Alger American Fund, Fred Alger & and Jefferson National Life Insurance Company – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(b) Form of Amendment dated January 1, 2015 to Participation Agreement dated January 1, 2015 by and among Jefferson National Securities Corporation, Jefferson National Life Insurance Company, Jefferson National Life Insurance Company of New York, AllianceBernstein L.P. and AllianceBernstein Investments, Inc. – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(c) Form of Amendment dated November 10, 2014 to Participation Agreement dated May 1, 2008 by and among Jefferson National Life Insurance Company, ALPS Variable Investment Trust, ALPS Portfolio Solutions Distributor, Inc. And ALPS Advisors, Inc. – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(d) Form of Amendment dated October 1, 2014 to Participation Agreement dated November 15, 1997 by and between Jefferson National Life Insurance Company, Jefferson National Life Insurance Company of New York and American Century Investment Services, Inc. – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(e) Form of Amendment dated December 2, 2014 to Participation Agreement dated November 13, 2013 between Jefferson National Life Insurance Company, American Funds Distributors, American Funds Services Company and American Funds Insurance series – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(f) Form of Participation Agreement dated Dec 17, 2014 by and among Blackrock Variable Series Funds, Blackrock Investments, and Jefferson National Life Insurance Company of New York – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(g)
(i) Form of Amendment dated January 1, 2015 to Participation Agreement dated May 1, 2014 between Jefferson National Life Insurance Company, Calvert Variable Series, Inc., Calvert Variable Products, Inc. and Calvert Investment Distributors – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(ii) Form of Participation Agreement dated May 1, 2014 between Jefferson National Life Insurance Company, Calvert Variable Series, Inc., Calvert Variable Products, Inc. and Calvert Investment Distributors, Inc – Filed previously with Post-Effective Amendment No. 3 on April 28, 2017 (333-198590) and hereby incorporated by reference.
(h) Form of Amendment dated January 1, 2015 to Participation Agreement dated May 1, 2000 between Jefferson National Life Insurance Company, Columbia Funds Variable Series Trust, and Columbia Management Investment Advisers – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(i) Form of Amendment dated December 9, 2014 to Participation Agreement dated May 1, 2006 by and among Jefferson National Life Insurance Company, Credit Suisse Trust, and Credit Suisse Asset Management Securities Inc. – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(j) Form of Amendment dated January 1, 2015 to Participation Agreement dated May 1, 2005 among The Direxion Insurance Trust, Rafferty Asset Management, and Jefferson National Life Insurance Company – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
2

 

(k) Form of Amendment dated November 20, 2014 to Participation Agreement dated August 27, 2010 by and among Jefferson National Life Insurance Company, Jefferson National Life Insurance Company of New York, DFA Investment Dimensions Group, Inc., and DFA Securities LLC – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(l) Form of Participation Agreement dated January 12, 2015 between Jefferson National Life Insurance Company of New York and the Dreyfus Corporation – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(m) Form of Participation Agreement dated December 1, 2014 by and between Eaton Vance Variable Trust, Eaton Vance Distributors, and Jefferson National Life Insurance Company of New York – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(n) Form of Participation Agreement dated February 1, 2015 among Federated Insurance Series, Federated Securities Corp, and Jefferson National Life Insurance Company of New York – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(o) Form of Participation Agreement dated November 10, 2014 among Variable Insurance Products Funds, Fidelity Distributors Corporation and Jefferson National Life Insurance Company of New York – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(p) Form of Participation Agreement dated January 1, 2015 by and among Jefferson National Life Insurance Company of New York, First Eagle Variable Funds, and FEP Distributors, LLC – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(q) Form of Participation Agreement dated January 1, 2015 among Franklin Templeton Variable Insurance Products Trust, Franklin Templeton Distributors, Inc., Jefferson National Life Insurance Company, and Jefferson National Life Insurance Company of New York – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(r) Form of Amendment dated December 2014 to Participation Agreement dated November 13, 2013 by and between Goldman Sachs Variable Insurance Trust, and Jefferson National Life Insurance Company – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(s) Form of Participation Agreement dated January 1, 2015 by and among Invesco Variable Insurance Funds, Invesco Distributors, Inc., Jefferson National Life Insurance Company, Jefferson National Life Insurance Company NY, and Jefferson National Securities Corporation – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(t)
(i) Form of Participation Agreement dated December 2014 by and between Jefferson National Life Insurance Company of New York, Waddell & Reed, Inc., and Ivy Funds Variable Insurance Portfolios – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(ii) Form of Amendment dated October 1, 2016 to Participation Agreement dated October 5, 2009 among Ivy Funds Variable Insurance Portfolios, Inc. and Jefferson National Life Insurance Company – Filed previously with Post-Effective Amendment No. 3 on April 28, 2017 (333-198590) and hereby incorporated by reference.
(u) Form of Amendment dated January 1, 2015 to Participation Agreement dated February 1, 2001 between Janus Aspen Series, Janus Distributors, Jefferson National Life Insurance Company, and Jefferson National Life Insurance Company of New York – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(v) Form of Participation Agreement dated January 1, 2014 by and among Jefferson National Life Insurance Company of New York, Lazard Asset Management Securities, and Lazard Retirement Series – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(w)
3

 

(i) Form of Amendment dated January 1, 2015 to Participation Agreement dated May 1, 2004 by and among Legg Mason Investor Services, and Jefferson National Life Insurance Company – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(ii) Form of Amendment dated March 15, 2016 to Form of Participation Agreement dated April 2004 between Jefferson National Life Insurance Company, Jefferson National Life Insurance Company of New York and Legg Mason Investor Services, LLC – Filed previously with Post-Effective Amendment No. 2 on April 25, 2016 (333-198590) and hereby incorporated by reference.
(x) Form of Participation Agreement dated December 1, 2014 by and between Lord Abbett Series Fund, Lord Abbett Distributor, and Jefferson National Life Insurance Company of New York – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(y) Form of Amendment dated December 1, 2014 among The Merger Fund VL, Westchester Capital Management, Inc. and Jefferson National Life Insurance Company – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(z)
(i) Form of Amendment dated January 1, 2015 to Participation Agreement dated May 1, 2007 among Jefferson National Life Insurance Company, Nationwide Variable Trust, and Nationwide Fund Distributors – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(ii) Form of Participation Agreement between Nationwide Variable Insurance Trust, Nationwide Fund Distributors LLC, Jefferson National Life Insurance Company and Jefferson National Life Insurance Company of New York dated May 1, 2017 – Filed previously with Post-Effective Amendment No. 3 on April 28, 2017 (333-198590) and hereby incorporated by reference.
(aa) Form of Amendment dated January 1, 2015 to Participation Agreement dated April 30, 1997 among Neuberger Berman Advisers Management Trust, Neuberger Berman Management LLC, and Jefferson National Life Insurance Company – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(bb)
(i) Form of Amendment dated December 2014 to Participation Agreement dated July 1, 2007 between Northern Lights Variable Trust and Jefferson National Life Insurance Company – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(ii) Form of Amendment dated September 30, 2015 to Participation Agreement dated July 1, 2007 between Northern Lights Variable Trust and Jefferson National Life Insurance Company – Filed previously with Post-Effective Amendment No. 2 on April 25, 2016 (333-198590) and hereby incorporated by reference.
(cc) Form of Amendment dated December 5, 2014 to Participation Agreement dated November 16, 2011 by and among Oppenheimer Variable Account Funds, Oppenheimer Funds, and Jefferson National Life Insurance Company – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(dd) Form of Amendment dated January 1, 2015 to Participation Agreement by and among Jefferson National Life Insurance Company and Jefferson National Life Insurance Company of New York, Pacific Investment Management Company, PIMCO Variable Insurance Trust and PIMCO Investments – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(ee) Form of Amendment dated December 2014 to Participation Agreement dated May 1, 2003 by and among Jefferson National Life Insurance Company, Pioneer Variable Contracts Trust, Pioneer Investment Management, Inc., and Pioneer Funds Distributor, Inc. – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
4

 

(ff) Form of Amendment dated January 1, 2015 to Participation Agreement dated May 1, 2010 among Jefferson National Life Insurance Company, Profunds, Access One Trust, and Profund Advisors – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(gg) Form of Amendment dated November 10, 2014 to Participation Agreement dated November 12, 2010 by and among Jefferson National Life Insurance Company, Jefferson National Life Insurance Company of New York, Putnam Retail Management Limited Partnership and Putnam Variable Trust. – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(hh) Form of Amendment dated January 1, 2015 to Participation Agreement dated May 1, 2003 by and among Jefferson National Life Insurance Company, Royce Capital Fund, and Royce & Associates, LLC – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(ii) Form of Amendment dated November 18, 2014 to Participation Agreement dated July 27, 2011 among Rydex Variable Trust, SBL Fund, Rydex Distributors, and Jefferson National Life Insurance Company – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(jj) Form of Amendment dated November 2014 to Participation Agreement dated November 1, 2013 by and among SEI Insurance Products Trust, SEI Investments Distribution Co., and Jefferson National Life Insurance Company – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(kk)) Form of Amendment dated January 1, 2015 to Participation Agreement dated May 1, 2006 by and among Jefferson National Life Insurance Company and T. Rowe Price Investment Services – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(ll) Form of Amendment dated January 1, 2015 to Participation Agreement dated May 1, 2003 among Third Avenue Management LLC and Jefferson National Life Insurance Company – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(mm) Form of Amendment dated January 1, 2015 to Participation Agreement dated September 2010 among Timothy Plan, Timothy Partners, and Jefferson National Life Insurance Company – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(nn) Form of Amendment dated January 1, 2015 to Participation Agreement dated February 29, 2000 among Van Eck VIP Trust, Van Eck Associates, and Jefferson National Life Insurance Company – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(oo) Form of Participation Agreement dated February 2015 among Vanguard Variable Insurance Fund, The Vanguard Group, Inc., Vanguard Marketing Corporation, and Jefferson National Life Insurance Company of New York – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(pp) Form of Participation Agreement dated January 1, 2015 among Jefferson National Life Insurance Company of New York, Virtus Variable Insurance Trust and VP Distributors, LLC – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(qq) Form of Participation Agreement dated January 1, 2015 among Wells Fargo Variable Trust, and Jefferson National Life Insurance Company of New York – Filed previously with Pre-Effective Amendment No. 1 on April 9, 2015 (333-198590) and hereby incorporated by reference.
(rr) Form of Participation Agreement dated June 1, 2015 among Jefferson National Life Insurance Company of New York, Delaware VIP Trust, Delaware Management Company, and Delaware Distributors, L.P. – Filed previously with Post-Effective Amendment No. 2 on April 25, 2016 (333-198590) and hereby incorporated by reference.
(ss) Form of Participation Agreement dated December 11, 2015 among Jefferson National Life Insurance Company, Jefferson National Life Insurance Company of New York, Columbia Funds Variable Trust,

 

5
  Columbia Management Investment Advisers, LLC and Columbia Management Investment Distributors, Inc. – Filed previously with Post-Effective Amendment No. 2 on April 25, 2016 (333-198590) and hereby incorporated by reference.
(tt) Form of Participation Agreement dated September 30, 2015 between Jefferson National Life Insurance Company of New York, Jefferson National Securities Corporation, John Hancock Variable Insurance Trust, and John Hancock Distributors, LLC – Filed previously with Post-Effective Amendment No. 2 on April 25, 2016 (333-198590) and hereby incorporated by reference.
(uu) Form of Participation Agreement dated October 1, 2015 among Jefferson National Life Insurance Company of New York, JPMorgan Insurance Trust, J. P. Morgan Investment Management Inc., and JPMorgan Funds Management – Filed previously with Post-Effective Amendment No. 2 on April 25, 2016 (333-198590) and hereby incorporated by reference.
(vv) Form of Participation Agreement dated July 1, 2015 among MFS Variable Insurance Trust, MFS Variable Insurance Trust II, MFS Variable Insurance Trust III, Jefferson National Life Insurance Company of New York, and MFS Fund Distributors, Inc. – Filed previously with Post-Effective Amendment No. 2 on April 25, 2016 (333-198590) and hereby incorporated by reference.
(ww) Form of Participation Agreement dated October 31, 2016 between Northern Lights Fund Trust IV and Jefferson National Life Insurance Company of New York – Filed previously with Post-Effective Amendment No. 3 on April 28, 2017 (333-198590) and hereby incorporated by reference.
(xx) Form of Participation Agreement dated May 1, 2017 among Jefferson National Life Insurance Company, Jefferson National Life Insurance Company of New York, Mainstay VP Funds Trust, and New York Life Investment Management LLC – Filed previously with Post-Effective Amendment No. 3 on April 28, 2017 (333-198590) and hereby incorporated by reference.
(9) Opinion and Consent of Counsel – Filed previously with Post-Effective Amendment No. 3 on April 28, 2017 (333-198590) and hereby incorporated by reference.
(10) Consent of Independent Registered Public Accounting Firm – Attached hereto
(11) Not Applicable.
(12) Not Applicable.
(13) Power of Attorney – Attached hereto
Item 25. Directors and Officers of the Depositor
The business address of the Directors and Officers of the Depositor is:
One Nationwide Plaza, Columbus, Ohio 43215, unless otherwise noted.
President and Director Craig A. Hawley (1)
Senior Vice President and Chief Financial Officer, Nationwide Financial and Director Steven A. Ginnan
Senior Vice President and Secretary Denise L. Skingle
Vice President – Head of Taxation Pamela A. Biesecker
Vice President - Marketing Operations - Data, Process & Technology Robert C. Borgert
Vice President and Assistant Treasurer Timothy J. Dwyer
Associate Vice President – Business Strategy – Nationwide Advisory Solutions James K. Cameron (1)
Associate Vice President and Assistant Treasurer David A. Connor
Associate Vice President and Assistant Treasurer Hope C. Hacker
Associate Vice President and Assistant Secretary Mark E. Hartman
Associate Vice President – Business Development – Nationwide Advisory Solutions Ann M. Raible (1)
Associate Vice President and Treasurer and Director John A. Reese
Associate Vice President – Sales – Nationwide Advisory Solutions Kevin P. Sullivan (1)
Assistant Secretary Keith W. Hinze
Director John L. Carter
Director Timothy G. Frommeyer
Director Eric S. Henderson
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Director John S. Lopes
(1) The business address of these Directors and Officers of the Depositor is: 10350 Ormsby Park Place, Louisville, Kentucky 40223.
Item 26. Persons Controlled by or Under Common Control with the Depositor or Registrant.
Following is a list of entities directly or indirectly controlled by or under common control with the depositor or registrant. Ownership is indicated through indentation. Unless otherwise indicated, each subsidiary is either wholly-owned or majority-owned by the parent company immediately preceding it. (For example, Nationwide Fund Distributors, LLC is either wholly-owned or majority owned by NFS Distributors, Inc.) Separate accounts that have been established pursuant to board resolution but are not, and have never been, active are omitted.
Company Jurisdiction
of Domicile 		Brief Description of Business
Nationwide Financial Services, Inc. Delaware The company acts primarily as a holding company for companies within the Nationwide organization that offer or distribute life insurance, long-term savings and retirement products.
NFS Distributors, Inc. Delaware The company acts primarily as a holding company for Nationwide Financial Services, Inc. companies.
Nationwide Financial General Agency, Inc. Pennsylvania The company is a multi-state licensed insurance agency.
Nationwide Fund Distributors, LLC Delaware The company is a limited purpose broker-dealer.
Nationwide Fund Management, LLC Delaware The company provides administration, transfer and dividend disbursing agent services to various mutual fund entities.
Nationwide Retirement Solutions, Inc. Delaware The company markets and administers deferred compensation plans for public employees.
Nationwide Securities, LLC Delaware The company is a general purpose broker-dealer and investment adviser registered with the Securities and Exchange Commission.
Nationwide Trust Company, FSB Federal This is a federal savings bank chartered by the Office of Thrift Supervision in the United States Department of Treasury to exercise deposit, lending, agency, custody and fiduciary powers and to engage in activities permissible for federal savings banks under the Home Owners’ Loan Act of 1933.
Nationwide Financial Services Capital Trust Delaware The trust’s sole purpose is to issue and sell certain securities representing individual beneficial interests in the assets of the trust
Nationwide Life Insurance Company 2 Ohio The corporation provides individual life insurance, group and health insurance, fixed and variable annuity products and other life insurance products.
Jefferson National Financial Corporation3 Delaware A stock corporation. The corporation is the holding company of Jefferson National Life Insurance Company, Jefferson National Life Insurance Company of New York, Jefferson National Securities Corporation, and JNF Advisors, Inc., offering annuity products and services.
Jefferson National Life Insurance Company2,3 Texas The company provides life, health and annuity products.
Jefferson National Life Annuity Company C2,3   A separate account issuing variable annuity products.
Jefferson National Life Annuity Account E2,3   A separate account issuing variable annuity products.
Jefferson National Life Annuity Account F2,3   A separate account issuing variable annuity products.
Jefferson National Life Annuity Account G2,3   A separate account issuing variable annuity products.
Jefferson National Life Insurance Company of New York2,3 New York The company provides variable annuity products.
Jefferson National Life of New York Annuity Account 12,3   A separate account issuing variable annuity products.
Jefferson National Securities Corporation3 Delaware The company is a limited purpose broker-dealer and distributor of variable annuities for Jefferson National Life Insurance Company and Jefferson National Life Insurance Company of New York.
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Company Jurisdiction
of Domicile 		Brief Description of Business
MFS Variable Account2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Multi-Flex Variable Account2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-II2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-32,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-42,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-52,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-62,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-72,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-82,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-92,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-102,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-112,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-122,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-132,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-142,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Variable Account-152,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Provident VA Separate Account 12,3 Pennsylvania A separate account issuing variable annuity contracts.
Nationwide VLI Separate Account2,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-22,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-32,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-42,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-52,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-62,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VLI Separate Account-72,3 Ohio A separate account issuing variable life insurance policies.
Nationwide Provident VLI Separate Account 12,3 Pennsylvania A separate account issuing variable life insurance policies.
Nationwide Investment Services Corporation3 Oklahoma This is a limited purpose broker-dealer and distributor of variable annuities and variable life products for Nationwide Life Insurance Company and Nationwide Life and Annuity Insurance Company. The company also provides educational services to retirement plan sponsors and its participants.
Nationwide Financial Assignment Company3 Ohio The company is an administrator of structured settlements.
Nationwide Investment Advisors, LLC3 Ohio The company provides investment advisory services.
Eagle Captive Reinsurance, LLC3 Ohio The company is engaged in the business of insurance
Nationwide Life and Annuity Insurance Company2,3 Ohio The company engages in underwriting life insurance and granting, purchasing and disposing of annuities.
Nationwide VA Separate Account-A2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide VA Separate Account-B2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide VA Separate Account-C2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide VA Separate Account-D2,3 Ohio A separate account issuing variable annuity contracts.
Nationwide Provident VA Separate Account A2,3 Delaware A separate account issuing variable annuity contracts.
Nationwide VL Separate Account-C2,3 Ohio A separate account issuing variable life insurance policies.
Nationwide VL Separate Account-D2,3 Ohio A separate account issuing variable life insurance policies.
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Company Jurisdiction
of Domicile 		Brief Description of Business
Nationwide VL Separate Account-G2,3 Ohio A separate account issuing variable life insurance policies.
Nationwide Provident VLI Separate Account A2,3 Delaware A separate account issuing variable life insurance policies.
Olentangy Reinsurance, LLC3 Vermont The company is a captive life reinsurance company.
Nationwide SBL, LLC Ohio The company is a lender offering securities-back lines of credit.
Registered Investment Advisors Services, Inc. Texas The company is a technology company that facilitates third-party money management services for registered investment advisors
Nationwide Fund Advisors4 Delaware The trust acts as a registered investment advisor.
1 This subsidiary/entity is controlled by its immediate parent through contractual association.
2 This subsidiary/entity files separate financial statements.
3 Information for this subsidiary/entity is included in the consolidated financial statements of its immediate parent.
4 This subsidiary/entity is a business trust.
Item 27. Number of Contract Owners
The number of Contract Owners of Qualified and Non-Qualified Contracts as of February 28, 2021, was 19 and 554 respectively.
Item 28. Indemnification
Provision is made in Nationwide’s Amended and Restated Code of Regulations and expressly authorized by the General Corporation Law of the State of Ohio, for indemnification by Nationwide of any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative by reason of the fact that such person is or was a director, officer or employee of Nationwide, against expenses, including attorneys fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding, to the extent and under the circumstances permitted by the General Corporation Law of the State of Ohio.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 ("Act") may be permitted to directors, officers or persons controlling Nationwide pursuant to the foregoing provisions, Nationwide has been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
Item 29. Principal Underwriter
Jefferson National Securities Corporation ("JNSC")
a) Jefferson National Securities Corporation serves as principal underwriter and general distributor for the following separate investment accounts of Nationwide or its affiliates:
   
Jefferson National Life Annuity Account C Jefferson National Life Annuity Account G
Jefferson National Life Annuity Account E Jefferson National Life of New York Annuity Account 1
Jefferson National Life Annuity Account F  
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b) Directors and Officers of JNSC:
JNSC's principal business address is 10350 Ormsby Park Place Louisville, KY 40223, except as indicated.
President and Director Craig A. Hawley
Senior Vice President - Head of Taxation Pamela A. Biesecker*
Vice President - Tax Daniel P. Eppley*
Associate Vice President and Treasurer John A. Reese*
Associate Vice President and Assistant Secretary Mark E. Hartman*
Associate Vice President and Assistant Treasurer David E. Connor*
Associate Vice President and Assistant Treasurer Hope C. Hacker*
Associate Vice President - Finance Controllership Ewan T. Roswell*
* The principal business address for these designated individuals is One Nationwide Plaza, Columbus, Ohio 43215.
c)
Name of Principal Underwriter   Net Underwriting
Discounts and
Commissions 		  Compensation on
Redemption or
Annuitization 		  Brokerage
Commissions 		  Compensation
Jefferson National Securities Corporation
   $0   $0   $0   $0
Item 30. Location of Accounts and Records
Steven A. Ginnan
Nationwide Life Insurance Company
One Nationwide Plaza
Columbus, OH 43215
Item 31. Management Services
Not Applicable
Item 32. Undertakings
The Registrant hereby undertakes to:
a) file a post-effective amendment to this registration statement as frequently as is necessary to ensure that the audited financial statements in the registration statement are never more than 16 months old for so long as payments under the variable annuity contracts may be accepted;
b) include either (1) as part of any application to purchase a contract offered by the prospectus, a space that an applicant can check to request a Statement of Additional Information, or (2) a post card or similar written communication affixed to or included in the prospectus that the applicant can remove to send for a Statement of Additional Information; and
c) deliver any Statement of Additional Information and any financial statements required to be made available under this form promptly upon written or oral request.
The Registrant represents that any of the contracts which are issued pursuant to Section 403(b) of the Internal Revenue Code, are issued by Nationwide through the Registrant in reliance upon, and in compliance with, a no-action letter issued by the Staff of the Securities and Exchange Commission to the American Council of Life Insurance (publicly available November 28, 1988) permitting withdrawal restrictions to the extent necessary to comply with Section 403(b)(11) of the Internal Revenue Code.
Jefferson National Life Insurance Company of New York represents that the fees and charges deducted under the contract in the aggregate are reasonable in relation to the services rendered, the expenses expected to be incurred and risks assumed by Jefferson National Life Insurance Company of New York.
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SIGNATURES
As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets the requirements of Rule 485(b) under the Securities Act of 1933 for effectiveness of the Registration Statement and has caused this Registration Statement to be signed by the undersigned, duly authorized, in the City of Columbus, and State of Ohio, on April 27, 2021.
Jefferson National Life of New York Annuity Account 1
(Registrant)
Jefferson National Life Insurance Company of New York
(Depositor)
By: /s/ Craig A. Hawley
Craig A. Hawley
Attorney-in-Fact
As required by the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated, on April 27, 2021.
TIMOTHY G. FROMMEYER  
Timothy G. Frommeyer, Director  
JOHN L. CARTER  
John L. Carter, Director  
ERIC S. HENDERSON  
Eric S. Henderson, Director  
CRAIG A. HAWLEY  
Craig A. Hawley, Director  
JOSEPH F. VAP  
Joseph F. Vap, Director  
STEVEN A. GINNAN  
Steven A. Ginnan, Director  
JOHN S. LOPES  
John S. Lopes, Director  
  By /s/ Craig A. Hawley
  Craig A. Hawley
Attorney-in-Fact
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Consent of Independent Registered Public Accounting Firm
Consent of Independent Registered Public Accounting Firm
The Board of Directors of Jefferson National Life Insurance Company of New York and
Contract Owners of Jefferson National Life of New York Annuity Account 1:
We consent to the use of our report dated April 2, 2021, with respect to the financial statements of the sub-accounts that comprise the Jefferson National Life of New York Annuity Account 1, and the related notes (collectively, the financial statements), included herein and to the reference to our firm as experts under the heading "Independent Registered Public Accounting Firm" in the Statement of Additional Information on Form N-4 (File No. 333-198590).
/s/ KPMG LLP
Columbus, Ohio
April 26, 2021
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Consent of Independent Registered Public Accounting Firm
Audit Committee of the Board of Directors
Jefferson National Life Insurance Company of New York:
We consent to the use of our report on the statutory financial statements and financial statement schedules of Jefferson National Life Insurance Company of New York (the Company), dated April 21, 2021, included herein. We also consent to the reference to our firm under the heading "Independent Registered Public Accounting Firm" in the Statement of Additional Information on Form N-4. (File No. 333-198590)
Our report relating to the Company’s statutory financial statements, dated April 21, 2021, states that the Company prepared its financial statements using statutory accounting practices prescribed or permitted by the New York State Department of Financial Services, which is a basis of accounting other than U.S. generally accepted accounting principles. Accordingly, our report states that the Company’s financial statements are not intended to be and, therefore, are not presented fairly in accordance with U.S. generally accepted accounting principles and further states that those statements are presented fairly, in all material respects, in accordance with statutory accounting practices prescribed or permitted by the New York State Department of Financial Services.
/s/ KPMG LLP
Columbus, Ohio
April 26, 2021
2
Power of Attorney
POWER OF ATTORNEY
Each of the undersigned as directors and/or officers of JEFFERSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK, a New York corporation, which have filed or will file with the U.S. Securities and Exchange Commission under the provisions of the Securities Act of 1933, as amended; the Investment Company Act of 1940, as amended; and, if applicable, the Securities Exchange Act of 1934, various registration statements and amendments thereto for the registration of current, as well as any future, separate accounts established by said corporation for the purpose of registering under said Act(s) immediate or deferred variable annuity contracts in connection with the separate accounts and contracts listed below:
Variable Annuity Contracts    
Separate Account (1940 Act File No.)   1933 Act File Nos.
Jefferson National Life of New York Annuity Account 1 (811-22994)   333-198590  
hereby constitute and appoint Craig A. Hawley, William M. Stobart, and Jamie Ruff Casto and each of them with power to act without the others, as his/her attorney, with full power of substitution for and in his/her name, place and stead, in any and all capacities, to approve, and sign such Registration Statements, and any and all amendments thereto, with power to affix the corporate seal of said corporation thereto and to attest said seal and to file the same, with all exhibits thereto and other documents in connection therewith, with the U.S. Securities and Exchange Commission, hereby granting unto said attorneys, and each of them, full power and authority to do and perform all and every act and thing requisite to all intents and purposes as he/she might or could do in person, hereby ratifying and confirming that which said attorneys, or any of them, may lawfully do or cause to be done by virtue hereof. This instrument may be executed in one or more counterparts.
IN WITNESS WHEREOF, the undersigned have herewith set their names as of this 23rd day of March, 2021.
/s/ John L. Carter   /s/ Timothy G. Frommeyer
JOHN L. CARTER, Director   TIMOTHY G. FROMMEYER, Director
/s/ Steven A. Ginnan   /s/ Craig A. Hawley
STEVEN A. GINNAN, Director   CRAIG A. HAWLEY, Director
/s/ Eric S. Henderson   /s/ John S. Lopes
ERIC S. HENDERSON, Director   JOHN S. LOPES, Director
/s/ John A. Reese    
JOHN A. REESE, Director