CONTINUES. The reinsurance benefit for an approved Waiver of Premium claim will be the Reinsurer's proportionate share of the annual gross premium waived on the policy. The Company will continue to pay the life reinsurance premium; however, it will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. The Reinsurer will pay waiver benefits consistent with the Company's mode of premium payment specified in the policy.
Appears in 2 contracts
Sources: Reinsurance Agreement (Nationwide Vli Separate Account 4), Reinsurance Agreement (Nationwide VLI Separate Account-7)