Market Value Adjustment Clause Samples

Market Value Adjustment. This transaction is allowed only once for each maturity date, regardless of whether the transfer or withdrawal is partial or full.

Market Value Adjustment. An adjustment to any withdrawal made from the AG Account before the end of a guaranteed term as stated in Section 7.11.

Market Value Adjustment. If you make a withdrawal, a Withdrawal Charge and any applicable taxes may apply. If we receive notification of your election to make a transfer or withdrawal from an expiring Guarantee Period Account on or before the New Account Start Date, the transfer or withdrawal will be deemed to have occurred on the New Account Start Date. If we receive notification of your election to make a transfer or withdrawal from an expiring Guarantee Period Account after the New Account Start Date, but before expiration of the 30 day period, (i) the transfer or withdrawal will be deemed to have occurred on the day we receive such notice; and (ii) the amount transferred or withdrawn will earn interest for the period beginning on the New Account Start Date and ending on the day we receive notification of your election. Any remaining balance not withdrawn or transferred will earn interest for the term of the new Guarantee Period Account, at the interest rate declared for such Account. If we do not receive notification from you within the 30 day period, you will be deemed to have elected to transfer the amount in the expiring Guarantee Period Account to establish a new Guarantee Period Account with the same term length, and the amount in the new Guarantee Period Account will continue to earn interest at the interest rate declared for the new Guarantee Period Account, and will be subject to all restrictions of the Market Value Adjusted Fixed Account. If we no longer offer the term length of the expiring Guarantee Period Account, the term length of the new Guarantee Period Account will be the next shortest term length we offer for the Market Value Adjusted Fixed Account at that time, and the interest rate will be the rate declared by us at that time for such term.

Market Value Adjustment. Any transfer (except as noted below), withdrawal, or surrender of value from a Fixed Sub-account, unless effective on the Expiration Date of a Guaranteed Period, the Annuity Commencement Date, or at the death of the Owner, Joint Owner or Annuitant, will be increased or decreased by the Market Value Adjustment described in the following paragraphs. The Market Value Adjustment will not apply to any Contract Value being transferred as part of a DCA program. The amount of the Market Value Adjustment is calculated by multiplying the dollar amount of any transfer, withdrawal, or surrender of value from a Fixed Sub-account by the following amount: (1 + A)/n/ divided by (1 + B) /n/ , the result reduced by 1.0, where: A = the yield rate for a Treasury security (U.S. Treasury Bonds, Notes, or Bills) with time to maturity equal to the applicable Guaranteed Period, determined at the beginning of the Guaranteed Period. B = the yield rate for a Treasury security (U.S. Treasury Bonds, Notes, or Bills) with time to maturity equal to the applicable Guaranteed Period, determined at the time of cash withdrawal or transfer, plus the Percentage Adjustment to Index Rate "B". The Percentage Adjustment to Index Rate "B" is [0.50%] If rates "A" and "B" are within 0.25% of each other, the Percentage Adjustment to Index Rate "B" will not be applied. N = the number of years remaining in the applicable Guaranteed Period (e.g. 1 year and 73 days = 1 + (73 divided by 365) = 1.2 years) Straight-line interpolation is used to determine the yield rate for a Treasury security with time to maturity for the applicable Guaranteed Period if such yield rate is not quoted. A positive Market Value Adjustment increases the amount transferred, withdrawn, or surrendered while a negative Market Value Adjustment decreases it. If such yields are no longer published, LNL will substitute an appropriate index of publicly traded obligations.

Market Value Adjustment. Annuity Provisions When annuity payments begin; Different ways to receive annuity Page 16 payments; Determination of payment amounts Tables of Annuity Rates Tables showing the amount of the first variable annuity payment Page 18 and the guaranteed fixed annuity payments for the various payment plans

Market Value Adjustment. You may withdraw all or a part of your assets from the Investment Options. A Market Value Adjustment may apply to withdrawals from the Fixed Account.

Market Value Adjustment. Withdrawals in excess of the Free Withdrawal Amount, transfers, death benefits, and amounts applied to an income plan from a Sub- account of the Guaranteed Maturity Fixed Account other than during the 30 day period after a Guarantee Period expires are subject to a Market Value Adjustment. A Market Value Adjustment is an increase or decrease in the amount reflecting changes in the level of interest rates since the Sub-account was established. As used in this provision, "Treasury Rate" means the U. S. Treasury Note Constant Maturity yield as reported in Federal Reserve Bulletin Release H.15. The Market Value Adjustment is based on the following: I = the Treasury Rate for a maturity equal to the Sub-account's Guarantee Period for the week preceding the establishment of the Sub-account; N = the number of whole and partial years from the date we receive the withdrawal, transfer, or death benefit request, or from the Payout Start Date, to the end of the Sub- account's Guarantee Period; J = the Treasury Rate for a maturity equal to the Sub-account's Guarantee Period for the week preceding the receipt of the withdrawal request, transfer request, death benefit request, or Income Payment request. An adjustment factor is determined from the following formula: .9 x (I - J) x N The amount subject to a Market Value Adjustment that is deducted from a Sub- account of the Guaranteed Maturity Fixed Account is multiplied by the adjustment factor to determine the amount of the Market Value Adjustment. The amount deducted from the Sub-account includes the transfer amount or the amount we pay you, income tax we withhold for you, the Withdrawal Charge, any applicable premium tax charge, and the Market Value Adjustment.

Market Value Adjustment. Except as noted below, an MVA will apply to a withdrawal from the MG Account before the end of a Guaranteed Term when the withdrawal is: (a) A Transfer; except for Transfers from the one-year MG Account Guaranteed Term under the Dollar Cost Averaging program or, as specified in 1.23, MG Account Matured Term Value Transfer; (b) A full or partial surrender (including a 10% free withdrawal under 3.14), except for a partial withdrawal under the Systematic Withdrawal Option (see 3.10); or (c) An election of Annuity option 2 (see 4.07). Full and partial surrenders and Transfers made within six months after the date of the Annuitant's death will be the greater of: (a) The aggregate MVA amount which is the sum of all market value adjusted amounts calculated due to a withdrawal of amounts. This total may be greater or less than the Current Value of those amounts; or (b) The applicable portion of the Current Value in the MG Account.

Market Value Adjustment. An adjustment that is charged or credited by the Company if all or a portion of the Accumulation Value is withdrawn or transferred from a Multi-Year Guaranteed Interest Fund. MATURITY DATE. The date upon which contract benefits will become payable. NET PURCHASE PAYMENT. A Purchase Payment less all applicable deductions. Deductions may include a Premium Tax.