Common use of Right of Exchange Clause in Contracts

Right of Exchange. Within 24 months from the Policy Date, you may exchange this Policy for a new fixed benefit life insurance policy on the life of the Insured. We will not require evidence of insurability for this exchange. CONDITIONS: Your right to make this exchange is subject to the following conditions:

Appears in 3 contracts

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

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Right of Exchange. Within 24 months from the Policy Date, you may exchange this Policy policy for a new fixed benefit life insurance policy on the life of the Insured. We will not require evidence of insurability for this exchange. CONDITIONS: Your right to make this exchange is subject to the following conditions:

Appears in 1 contract

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

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