Dollar Cost Averaging Program. Prior to the Annuity Commencement Date, the Owner may enroll in a Dollar Cost Averaging program by instructing Us to automatically make periodic allocations, on a frequency permitted by Us, of all or part of a Purchase Payment or Transfers of Contract Value to an available Dollar Cost Averaging Holding Account. Enrollment in a Dollar Cost Averaging program will begin once We have received, in Good Order, all necessary information on a form provided by Us and the minimum required amount. Any amount allocated will be transferred from the Dollar Cost Averaging Holding Account to the designated Variable Subaccount in regular installments over a period the Owner chooses. Transfers will occur at the same interval until the end of the chosen period or, if sooner, until the value in the Dollar Cost Averaging Holding Account has been exhausted or the Owner gives Notice to Us to discontinue the enrollment in the Dollar Cost Averaging program.
Appears in 3 contracts
Sources: Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Lincoln Life Variable Annuity Account N), Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Lincoln Life Variable Annuity Account N), Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Lincoln Life Variable Annuity Account N)