Separate Account Assets. For the assets underlying the separate account portion of the modified coinsurance reserves, the investment income shall be equal to the sum of the daily investment experience for each of the sub-accounts within the separate account. The account value increases or decreases daily depending on the gross investment experience of the sub-accounts to which the amounts are allocated at the direction of the policyowner. Such separate accounts are operated as unit investment trusts registered under the Investment Company Act of 1940. Such investment income shall be equal to the sum of:
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Sources: Reinsurance Agreement (Nationwide VL Separate Account-G), Reinsurance Agreement (Nationwide VLI Separate Account-7)
Separate Account Assets. For the assets underlying the separate account portion of the modified coinsurance reservesModified Coinsurance Reserves, the investment income Investment Income shall be equal to the sum of the daily investment experience for each of the sub-accounts within the separate accountaccounts. The account value increases or decreases daily depending on the gross investment experience of the sub-accounts to which the amounts are allocated at the direction of the policyownercontract holder. Such separate accounts are operated as unit investment trusts trust registered under the Investment Company Act of 1940. Such investment income Investment Income shall be equal to the sum of:
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