Common use of FIXED INCOME FOR VARYING PERIODS Clause in Contracts

FIXED INCOME FOR VARYING PERIODS. The Proceeds may be left on deposit with us at interest with payments of a fixed amount being paid at specified intervals until principal and interest have been exhausted. The last payment will be for the balance only. The total amount payable each year may not be less than 5% of the original proceeds. (i.e., not less than $50 per annum of each $1,000 of original proceeds.)

Appears in 5 contracts

Samples: Nationwide Vli Separate Account 4, Nationwide Vli Separate Account 5, Nationwide Vli Separate Account 5

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