Common use of FIXED SUBACCOUNT Clause in Contracts

FIXED SUBACCOUNT. That portion of the Fixed Account which accepts allocations for a Guaranteed Period at a Guaranteed Interest Rate. There is a separate Fixed Subaccount for each Guaranteed Period. FUND -- Any of the underlying investment options available in the Variable Account. GENERAL ACCOUNT -- An account consisting of all assets owned by Lincoln National other than those assets in segregated investment accounts. GUARANTEED INTEREST RATE -- The effective annual rate of interest Lincoln National guarantees to credit on assets in each Fixed Subaccount. GUARANTEED PERIOD -- The length of the period during which an initial or subsequent Guaranteed Interest Rate will be credited. The Guaranteed Period is selected by the Owner from those made available by Lincoln National at the time of selection. HOME OFFICE -- The principal office of Lincoln National located at ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, Indiana, 46802, or an institution designated by Lincoln National. LIFETIME INCOME PERIOD -- The period that begins after the Access Period, provided the Annuitant, or in the case of a joint life payout the Annuitant or the Secondary Life, is still living and the Contract has not been surrendered. This period will then continue for as long as the Annuitant, or the case of a joint life payout the Annuitant or the Secondary Life, is living. LINCOLN NATIONAL -- The Lincoln National Life Insurance Company. NET ASSET VALUE PER SHARE -- The market value of a Fund share calculated each day. NOTICE -- Any form of communication providing information as required by Lincoln National, either in signed writing or another manner, that ▇▇▇▇▇▇▇ National approves in advance. All Notices must be received by Lincoln National in the Administrative Office and must include all required information necessary to process the request. To be effective for any Valuation Date, a Notice must be received in good order prior to the end of that Valuation Date. OWNER -- The one person, two persons or entity who exercises rights of ownership under this Contract. If two persons are named as Owner, all references to Owner means joint Owner. PERIODIC INCOME COMMENCEMENT DATE -- The Valuation Date on which the Initial Periodic Income Payment is calculated. The due date of the Initial Periodic Income Payment will be no more than 14 calendar days after the Periodic Income Commencement Date. The Periodic Income Commencement Date is shown on the Contract Specifications. PERIODIC INCOME PAYMENT -- The variable, periodic income amounts paid to an Owner, or an Owner's designee, during the Access Period and the Lifetime Income Period which vary in amount with the investment experience of each applicable Variable Subaccount and the Fixed Subaccounts. Prior to the Contract Date an Owner must select one of the following Periodic Income Payment Modes: monthly, quarterly, semi-annually or annually. The Initial Periodic Income Payment Mode is shown on the Contract Specifications.