Common use of JOINT AND SURVIVOR LIFE INCOME Clause in Contracts

JOINT AND SURVIVOR LIFE INCOME. Equal payments will be made for the longer of the lives of two named payees. In other words, when one payee dies, the same payment continues to be paid for the remainder of the surviving payee's life. We will furnish values for other age combinations (than those shown in Option 5 Table) upon request.

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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JOINT AND SURVIVOR LIFE INCOME. Equal payments will be made for the longer of the lives of two named payees. In other words, when one payee dies, the same payment continues to be paid for the remainder of the surviving payee's life. We will furnish values for other age combinations (than those shown in Option 5 Table-located on the policy data page) upon request.

Appears in 2 contracts

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

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JOINT AND SURVIVOR LIFE INCOME. Equal payments will be made for the longer of the lives of two named payees. In other words, when one payee dies, the same payment continues to be paid for the remainder of the surviving payee's life. We will furnish values for other age combinations (than those shown in Option 5 Table-located on the policy date page) upon request.

Appears in 1 contract

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

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