Common use of ANNUITY ACCOUNT FEE Clause in Contracts

ANNUITY ACCOUNT FEE. An Annuity Account Fee of [$35] per Contract Year will be deducted on the next Valuation Date following the last day of each Contract Year. If the Contract is surrendered prior to the last day of a Contract Year, the full Annuity Account Fee will be deducted upon the surrender. The Annuity Account Fee will be deducted from each Variable Sub-account and Fixed Sub-account on a pro-rata basis. The Annuity Account Fee will be waived for any Contract Year in which the Contract Value equals or exceeds [$100,000.00] as of the Valuation Date on which the Annuity Account Fee would otherwise be deducted. The Annuity Account Fee will also be waived on and after the Annuity Commencement Date.

Appears in 1 contract

Samples: Lincoln Life Variable Annuity Account N

AutoNDA by SimpleDocs

ANNUITY ACCOUNT FEE. An Annuity Account Fee of [$35] 30 per Contract Year will be deducted on the next Valuation Date following the last day of each Contract Year. If the Contract is surrendered prior to the last day of a Contract Year, the full Annuity Account Fee will be deducted upon the surrender. The Annuity Account Fee will be deducted from each Variable Sub-account and Fixed Sub-account on a pro-rata basis. Form 30422 Page 13 The Annuity Account Fee will be waived for any Contract Year in which the Contract Value equals or exceeds [$100,000.00] 50,000.00 as of the Valuation Date on which the Annuity Account Fee would otherwise be deducted. The Annuity Account Fee will also be waived on and after the Annuity Commencement Date.

Appears in 1 contract

Samples: Lincoln Life Variable Annuity Account W

ANNUITY ACCOUNT FEE. An Annuity Account Fee of [$35] 40 per Contract Year will be deducted on the next Valuation Date following the last day of each Contract Year. If the Contract is surrendered prior to the last day of a Contract Year, the full Annuity Account Fee will be deducted upon the surrender. The Annuity Account Fee will be deducted from each Variable Sub-account and Fixed Sub-account on a pro-rata basis. The Annuity Account Fee will be waived for any Contract Year in which the Contract Value equals or exceeds [$100,000.00] 100,000.00 as of the Valuation Date on which the Annuity Account Fee would otherwise be deducted. The Annuity Account Fee will also be waived on and after the Annuity Commencement Date.

Appears in 1 contract

Samples: Lincoln Life Variable Annuity Account W

ANNUITY ACCOUNT FEE. An Annuity Account Fee of [$35] 40 per Contract Year will be deducted on the next Valuation Date following the last day of each Contract Year. If the Contract is surrendered prior to the last day of a Contract Year, the full Annuity Account Fee will be deducted upon the surrender. The Annuity Account Fee will shall be deducted from each Variable Sub-account and Fixed Sub-account on a pro-rata basis. The Annuity Account Fee will be waived for any Contract Year in which the Contract Account Value equals or exceeds [$100,000.00] 50,000.00 as of the Valuation Date on which the Annuity Account Fee would otherwise be deducted. The Annuity Account Fee will also be waived on and after the Annuity Commencement Date.

Appears in 1 contract

Samples: Joint And (Lincoln Life Variable Annuity Account T)

AutoNDA by SimpleDocs

ANNUITY ACCOUNT FEE. An Annuity Account Fee of [$35] 35 per Contract Year will be deducted on the next Valuation Date following the last day of each Contract Year. If the Contract is surrendered prior to the last day of a Contract Year, the full Annuity Account Fee will be deducted upon the surrender. The Annuity Account Fee will be deducted from each Variable Sub-account and Fixed Sub-account on a pro-rata basis. , The Annuity Account Fee will be waived for any Contract Year in which the Contract Value equals or exceeds [$100,000.00] 100,000.00 as of the Valuation Date on which the Annuity Account Fee would otherwise be deducted. The Annuity Account Fee will also be waived on and after the Annuity Commencement Date.

Appears in 1 contract

Samples: Joint and Survivor Annuities (Lincoln Life Variable Annuity Account N)

Time is Money Join Law Insider Premium to draft better contracts faster.