Common use of INCOME FOR A FIXED PERIOD Clause in Contracts

INCOME FOR A FIXED PERIOD. Proceeds remaining with us will be paid over a specified number of years (not exceeding 30 years). Each payment consists of a portion of the Proceeds plus a portion of the interest credited on the outstanding balance. The amount payable monthly for each $1,000 left with us will be at least the amount shown in the Option 2 Table, located on the policy data page.

Appears in 3 contracts

Samples: Life Insurance Policy (Nationwide Vli Separate Account 4), Life Insurance Policy (Nationwide Vli Separate Account 5), Life Insurance Policy (Nationwide Vli Separate Account 5)

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INCOME FOR A FIXED PERIOD. Proceeds remaining with us will be paid over a specified number of years (not exceeding 30 years). Each payment consists of a portion of the Proceeds plus a portion of the interest credited on the outstanding balance. The amount payable monthly for each $1,000 left with us will be at least the amount shown in the Option 2 Table, located on the policy data page.. VLO-0600 16

Appears in 2 contracts

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

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