Common use of Crediting of Interest Clause in Contracts

Crediting of Interest. Interest shall be credited daily on all Purchase Payments that are allocated to the fixed portion of this Contract. Prior to the time the Annuitant elects to receive Benefit Payments or the death of the Annuitant, whichever occurs first, LNL guarantees that it will credit interest on fixed allocations at an effective annual rate not less than 4.5% during the first five contract years, 4.0% for the next five contract years, and 3.5% after that. A table of guaranteed values for the fixed allocations may be found in Article 7. LNL may credit interest at rates in excess of the guaranteed rates at any time and guarantee higher rates for shorter periods of time.

Crediting of Interest. Interest shall be credited daily on all Purchase Payments that are allocated to the fixed portion of this Contract. Prior to the time the Annuitant elects to receive Benefit Payments or the death of the Annuitant, whichever occurs first, LNL guarantees that it will credit interest on fixed allocations at an effective annual rate not less than 4.5% during the first five contract years, 4.0% for during the next five contract years, and 3.5% after that. A table of guaranteed values for the fixed allocations may be found in Article 7. LNL may credit interest at rates in excess of the guaranteed rates at any time and guarantee higher rates for shorter periods of time.

Crediting of Interest. Interest shall be credited daily on all Purchase Payments that are allocated to the fixed portion of this Contract. Prior to the time the Annuitant elects to receive Benefit Payments or the death of the Annuitant, whichever occurs first, LNL guarantees that it will credit interest on fixed allocations at an effective annual rate not less than 4.5% during the first five contract years, 4.0% for the next five contract years, and 3.5% after that. A table of guaranteed values for the fixed allocations may be found in Article 7. LNL may credit interest at rates in excess of the guaranteed rates at any time and guarantee higher rates for shorter periods of time.

Crediting of Interest. Interest shall be credited daily on all the Net Purchase Payments Payment that are is allocated to the fixed portion of this Contract. Prior to the time the Annuitant elects to receive Benefit Payments or the death of the Annuitant, whichever occurs first, LNL guarantees that it will credit interest on fixed allocations at an effective annual rate not less than 4.5% during the first five contract years, 4.0% for the next five contract years, and 3.5% after that. A table of guaranteed values for the fixed allocations may be found in Article 7. LNL may credit interest at rates in excess of the guaranteed rates at any time and guarantee higher rates for shorter periods of time.