Common use of THE INDEXED ACCOUNTS Clause in Contracts

THE INDEXED ACCOUNTS. Indexed Account options are shown on the Indexed Accounts Specifications. The Indexed Accounts available under this Contract are supported by the assets of a non-registered, non-insulated Separate Account which We established to support Our obligations with respect to the Indexed Accounts. The Indexed Account options are not invested in any underlying fund. The Separate Account supporting the Indexed Accounts available under this Contract is shown on the Contract Specifications. We offer each Indexed Account at Our discretion and reserve the right to offer additional Indexed Accounts after the Contract Date. We reserve the right to withdraw an Indexed Account, but We will always make at least one Indexed Account available under this Contract. If an Indexed Account is added or withdrawn, We will notify the Owner. Should We withdraw an Indexed Account and a Segment of that Indexed Account has not yet reached its End Date, the Segment will not terminate until its End Date, but such Indexed Account will not be available under this Contract thereafter.

Appears in 2 contracts

Sources: Indexed Link Deferred Annuity Contract (Lincoln National Life Insurance Co /In/), Indexed Link Deferred Annuity Contract (Lincoln National Life Insurance Co /In/)