Common use of CHANGE IN ANNUITY PAYMENT OPTION Clause in Contracts

CHANGE IN ANNUITY PAYMENT OPTION. The Annuity Payment Option may not be changed after the Annuity Commencement Date. Contract Number: XX-0123456 Contract Date: December 20, 2025 Owner(s): ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Annuitant: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Age at Issue: 76 Maximum Issue Age: 85 Single Purchase Payment: $50,000 Maturity Date: June 20, 2048 Beneficiary Designation on the Contract Date: Refer to the Client Information Profile Death Benefit Option on the Contract Date: Guarantee of Principal Death Benefit Guarantee of Principal Death Benefit Rider Charge Rate: 1.00%

Appears in 2 contracts

Sources: Individual Single Purchase Payment Index Linked Deferred Variable Annuity Contract (Lincoln National Life Insurance Co /In/), Individual Single Purchase Payment Index Linked Deferred Variable Annuity Contract (Lincoln National Life Insurance Co /In/)