BASIS OF ANNUITY CONVERSION FACTORS. Annuity benefits at their time of commencement will not be less than those that would be provided by the application of an amount to purchase any single consideration immediate annuity contract offered by LL&A at the time to the same class of Annuitants.
Appears in 4 contracts
Samples: Lincoln Life & Annuity Var Ann Sep Acct L Group Var Ann Ii, Lincoln Life & Annuity Var Ann Sep Acct L Group Var Ann Iii, Lincoln Life & Annuity Var Ann Sep Acct L Group Var Ann Ii