Common use of CHANGE IN OPERATION Clause in Contracts

CHANGE IN OPERATION. We reserve the right to transfer assets of the Variable Account to another separate account, and to modify the structure or operation of the Variable Account, subject to obtaining any necessary regulatory approvals. We guarantee that such modification will not affect the Contract Value. We will at all times maintain in the Separate Account(s) assets with a value at least equal to the amount accumulated in accordance with the applicable agreements with respect to such separate account and the reserves for annuities in the course of payment that vary with investment experience of such separate account. ALLOCATION OF PURCHASE PAYMENTS INTO A DCA FIXED ACCOUNT. We reserve the right to offer a DCA Fixed Account at any time prior to the Annuity Commencement Date. If We offer a DCA Fixed Account under this Contract, prior to the Annuity Commencement Date, any portion or all of a Purchase Payment or Transfers of Contract Value may be allocated to the DCA Fixed Account. A DCA Fixed Account will only be available under a Dollar Cost Averaging program. We reserve the right to discontinue accepting allocations of Purchase Payments or Transfers of Contract Value to a DCA Fixed Account at any time. You may allocate or Transfer amounts to a DCA Fixed Account, if available, subject to the following limitations:

Appears in 2 contracts

Samples: Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Lincoln Life Variable Annuity Account N), Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Lincoln Life Variable Annuity Account N)

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CHANGE IN OPERATION. We reserve the right to transfer assets of the Variable Account to another separate account, and to modify the structure or operation of the Variable Account, subject to obtaining any necessary regulatory approvals. We guarantee that such modification will not affect the Contract Value. We will at all times maintain in the Separate Account(s) assets with a value at least equal to the amount accumulated in accordance with the applicable agreements with respect to such separate account and the reserves for annuities in the course of payment that vary with investment experience of such separate account. ALLOCATION OF PURCHASE PAYMENTS INTO A DCA FIXED ACCOUNT. We reserve the right to offer a DCA Fixed Account at any time prior to the Annuity Commencement Date. If We offer a DCA Fixed Account under this Contract, prior to the Annuity Commencement Date, any portion or all of a Purchase Payment or Transfers of Contract Value may be allocated to the DCA Fixed Account. A DCA Fixed Account will only be available under a Dollar Cost Averaging program. We reserve the right to discontinue accepting allocations of Purchase Payments or Transfers of Contract Value to a DCA Fixed Account at any time. You The Owner may allocate or Transfer amounts to a DCA Fixed Account, if available, subject to the following limitations:

Appears in 2 contracts

Samples: Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Lincoln Life Variable Annuity Account N), Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Lincoln Life Variable Annuity Account N)

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