Common use of FIXED ACCOUNT Clause in Contracts

FIXED ACCOUNT. The Fixed Account is funded by the General Account of the Company. The Fixed Account is credited with interest as described under the Nonforfeiture Provisions. In addition to allocating your Net Premiums to one or more of the Subaccounts described above, you may direct all or part of your Net Premiums into the Fixed Account.

Appears in 6 contracts

Samples: Life Insurance Policy (Nationwide Vli Separate Account 4), Last Survivor Flexible Premium Variable Universal Life Insurance Policy (Nationwide Vli Separate Account 4), Life Insurance Policy (Nationwide Vli Separate Account 5)

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FIXED ACCOUNT. The Fixed Account is Accounts are funded by the General Account of the Company. The Fixed Account is Accounts are credited with interest as described under the Nonforfeiture ProvisionsProvisions but the crediting rate may vary among Fixed Accounts. In addition to allocating your Net Premiums to one or more of the Subaccounts described above, you may direct all or part of your Net Premiums into one or more of the Fixed AccountAccounts identified on the Policy Data Page.

Appears in 3 contracts

Samples: Flexible Premium Variable Universal Life Insurance Policy (Nationwide VLI Separate Account-7), Life Insurance Policy (Nationwide VLI Separate Account-7), Flexible Premium Variable Universal Life Insurance Policy (Nationwide VL Separate Account-G)

FIXED ACCOUNT. The Fixed Account is funded by the General Account of the Company. The Fixed Account is credited with interest as described under the Nonforfeiture Provisions. In addition to allocating your Net Premiums premiums to one or more of the Subaccounts described above, you may direct all or part of your Net Premiums premiums into the Fixed Account.

Appears in 3 contracts

Samples: Flexible Premium Variable Universal Life Insurance Policy (Nationwide Vli Separate Account 5), Flexible Premium Variable Universal Life Insurance Policy (Nationwide Vli Separate Account 4), Flexible Premium Variable Universal Life Insurance Policy (Nationwide Vli Separate Account 4)

FIXED ACCOUNT. The Fixed Account is funded by part of the General Account of the Company. The Fixed Account is credited with interest as described under the Nonforfeiture Provisions. In addition to allocating your Net Premiums to one or more of the Variable Subaccounts described above, you may direct all or part of your Net Premiums into the Fixed Account. Except as outlined in the Exchange of Policy Provisions, we reserve the right to limit the allocations to the Fixed Account to no more than 25% of the Cash Value.

Appears in 1 contract

Samples: Insurance Policy (Nationwide Vli Separate Account 4)

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FIXED ACCOUNT. The Fixed Account is funded by the General Account of the Company. The Fixed Account is credited with interest as described under the Nonforfeiture Provisions. When interest above the guaranteed rate is credited to the Fixed Account, it is non-forfeitable. In addition to allocating your Net Premiums to one or more of the Subaccounts described above, you may direct all or part of your Net Premiums into the Fixed Account.

Appears in 1 contract

Samples: Flexible Premium Variable Universal Life Insurance Policy (Nationwide VLI Separate Account-7)

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