Common use of ALLOCATION OF PURCHASE PAYMENTS INTO THE FIXED ACCOUNT Clause in Contracts

ALLOCATION OF PURCHASE PAYMENTS INTO THE FIXED ACCOUNT. Any Purchase Payment paid into this Contract may be allocated to the Fixed Account of the Contract. The Owner may allocate Purchase Payments to the Fixed Account subject to the following limitations: a. The minimum amount which may be allocated to the Fixed Account is $300. b. If the Owner elects to allocate any Purchase Payment to the Fixed Account and the Fixed Account was not previously selected, that election must be made in writing to LNL or through voice or electronic instructions, provided LNL has received the appropriate authorization from the Owner for voice or electronic instructions in accordance with LNL procedures.

ALLOCATION OF PURCHASE PAYMENTS INTO THE FIXED ACCOUNT. Any Purchase Payment paid into this Contract may be allocated to the Fixed Account of the Contract. The Owner may allocate Purchase Payments to the Fixed Account subject to the following limitations: a. The minimum amount which may be allocated to the Fixed Account is $3002000. b. If the Owner elects to allocate any Purchase Payment to the Fixed Account and the Fixed Account was not previously selected, that election must be made in writing to LNL or through voice or electronic instructions, provided LNL has received the appropriate authorization from the Owner for voice or electronic instructions in accordance with LNL procedures.