Common use of DAY RIGHT TO EXAMINE CONTRACT Clause in Contracts

DAY RIGHT TO EXAMINE CONTRACT. Within 10 days after this Contract is first received, it may be cancelled for any reason without penalty (e.g. no Contingent Deferred Sales Charge will apply) by delivering or mailing it to the representative through whom it was purchased or to the Home Office of LNL. Upon cancellation, LNL will return the Contract Value as of the Valuation Date on which LNL receives the cancellation request, plus any premium taxes and mortality and expense risk charges previously deducted from the Contract Value, minus any Bonus Credits paid into the Contract. If the Contract Value on the date of cancellation is less than the sum of Purchase Payments minus withdrawals, LNL will also return the investment loss and fund management fees proportionately attributable to the Bonus Credits. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED UPON INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE (THE AMOUNT MAY INCREASE OR DECREASE) AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT (SEE PAGES 7 AND 17). Signed for The Lincoln National Life Insurance Company at its Home Office located at 0000 Xxxxx Xxxxxxx Xxxxxx, Xxxx Xxxxx, Indiana 46802. /s/ Xxx X. Xxxxxx Xxx X. Xxxxxx, President Xxxxx X. Xxxxxx, Vice President Form 30293 Table of Contents Article Page 1 Definitions................................................................................................ 4

DAY RIGHT TO EXAMINE CONTRACT. Within 10 days after this Contract is first received, it may be cancelled for any reason without penalty (e.g. no Contingent Deferred Sales Charge will apply) and without any Market Value Adjustment by delivering or mailing it to the representative through whom it was purchased or to the Home Office of LNL. Upon cancellation, LNL will return the Contract Value as of the Valuation Date on which LNL receives the cancellation request. UPON A TRANSFER, plus any premium taxes and mortality and expense risk charges previously deducted from the Contract ValueWITHDRAWAL, minus any Bonus Credits paid into the Contract. If the Contract Value on the date of cancellation is less than the sum of Purchase Payments minus withdrawalsOR SURRENDER, LNL will also return the investment loss and fund management fees proportionately attributable to the Bonus CreditsPAYMENTS AND VALUES FROM THE FIXED ACCOUNT MAY BE SUBJECT TO A MARKET VALUE ADJUSTMENT WHICH MAY RESULT IN UPWARD OR DOWNWARD ADJUSTMENTS IN AMOUNTS TRANSFERRED, WITHDRAWN, OR SURRENDERED BY THE OWNER. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED UPON ON INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE (THE AMOUNT MAY INCREASE OR DECREASE) DECREASE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT (SEE PAGES 7 ARTICLE 3 AND 17Section 7.05). Signed for The Lincoln National Life Insurance Company at its Home Office located at 0000 Xxxxx X. Xxxxxxx Xxxxxx, Xxxx St. in Fort Xxxxx, Indiana 46802. /s/ Xxx X. Xxxxxx /s/ Xxxxx X. Xxxxxx Xxx X. Xxxxxx, President Xxxxx X. Xxxxxx, Vice President Form 30293 Table of Contents Article Page 1 Definitions................................................................................................ ..................................................... 4

DAY RIGHT TO EXAMINE CONTRACT. Within 10 days after this Contract is first received, it may be cancelled for any reason without penalty (e.g. e.g., no Contingent Deferred Sales Charge and no Market Value Adjustment will apply) by delivering or mailing it to the representative through whom it was purchased or to the Home Office of LNL. Upon cancellation, LNL will return the Contract Value as of the Valuation Date on which LNL receives the cancellation request. UPON A TRANSFER, plus any premium taxes and mortality and expense risk charges previously deducted from the Contract ValueWITHDRAWAL, minus any Bonus Credits paid into the Contract. If the Contract Value on the date of cancellation is less than the sum of Purchase Payments minus withdrawalsOR SURRENDER, LNL will also return the investment loss and fund management fees proportionately attributable to the Bonus CreditsPAYMENTS AND VALUES FROM THE FIXED ACCOUNT MAY BE SUBJECT TO A MARKET VALUE ADJUSTMENT WHICH MAY RESULT IN UPWARD OR DOWNWARD ADJUSTMENTS IN AMOUNTS TRANSFERRED, WITHDRAWN, OR SURRENDERED BY THE OWNER. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED UPON ON INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE (THE AMOUNT MAY INCREASE OR DECREASE) DECREASE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT (SEE PAGES 7 AND 17ARTICLE 3 and Section 7.05). Signed for The Lincoln National Life Insurance Company at its Home Office located at 0000 Xxxxx X. Xxxxxxx Xxxxxx, Xxxx St. in Fort Xxxxx, Indiana 46802. /s/ Xxx X. Xxxxxx /s/ Xxxxx X. Xxxxxx Xxx X. Xxxxxx, President Xxxxx X. Xxxxxx, Vice President Form 30293 30422 Table of Contents Article Page 1 Definitions................................................................................................ ............................................................................................. 4

DAY RIGHT TO EXAMINE CONTRACT. Within 10 days after this Contract is first received, it may be cancelled for any reason without penalty (e.g. e.g., no Contingent Deferred Sales Charge Market Value Adjustment will apply) by delivering or mailing it to the representative through whom it was purchased or to the Home Office of LNL. Upon cancellation, LNL will return the Contract Value value of the Variable Account as of the Valuation Date on which LNL receives the cancellation request, request plus any premium taxes and mortality and expense risk charges previously deducted from Purchase Payments made to the Contract Value, minus any Bonus Credits paid into Fixed Account of the Contract. If the Contract Value on the date of cancellation is less than the sum of Purchase Payments minus withdrawalsUPON A TRANSFER, LNL will also return the investment loss and fund management fees proportionately attributable to the Bonus CreditsWITHDRAWAL, OR SURRENDER, PAYMENTS AND VALUES ALLOCATED TO THE FIXED ACCOUNT MAY BE SUBJECT TO A MARKET VALUE ADJUSTMENT WHICH MAY RESULT IN UPWARD OR DOWNWARD ADJUSTMENTS IN AMOUNTS TRANSFERRED, WITHDRAWN, OR SURRENDERED BY THE OWNER. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED UPON ON INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE (THE AMOUNT MAY INCREASE OR DECREASE) AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT (SEE PAGES 7 AND 17). Signed for The Lincoln National Life Insurance Company at its Home Office located at 0000 Xxxxx Xxxxxxx Xxxxxx, Xxxx in Fort Xxxxx, Indiana 46802Indiana. /s/ Xxx X. Xxxxxx /s/ Xxxxx X. Xxxxxx Xxx X. Xxxxxx, President Xxxxx X. Xxxxxx, Vice President Form 30293 Table of Contents Article Page 1 Definitions................................................................................................ 4Page

DAY RIGHT TO EXAMINE CONTRACT. Within 10 days after this Contract is first received, it may be cancelled for any reason without penalty (e.g. e.g., no Contingent Deferred Sales Charge and no Market Value Adjustment will apply) by delivering or mailing it to the representative through whom it was purchased or to the Home Office of LNL. Upon Up on cancellation, LNL will return the Contract Value as of the Valuation Date on which LNL receives the cancellation request, plus any premium taxes and mortality and expense risk charges and daily administrative charges proportionately attributable to the Bonus Credits, plus any premium taxes previously deducted from the Contract Value, minus any Bonus Credits paid into the this Contract. If the Contract Value on the date of cancellation is less than the sum of Purchase Payments minus withdrawals, LNL will also return the net investment loss on this Contract and fund management fees each in an amount that is proportionately attributable to the Bonus Credits. UPON A TRANSFER, WITHDRAWAL, OR SURRENDER, PAYMENTS AND VALUES ALLOCATED TO THE FIXED ACCOUNT MAY BE SUBJECT TO A MARKET VALUE ADJUSTMENT WHICH MAY RESULT IN UPWARD OR DOWNWARD ADJUSTMENTS IN AMOUNTS TRANSFERRED, WITHDRAWN, OR SURRENDERED BY THE OWNER. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED UPON ON INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE (THE AMOUNT MAY INCREASE OR DECREASE) AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT (SEE PAGES 7 AND 1720). Signed for The Lincoln National Life Insurance Company at its Home Office located at 0000 Xxxxx X. Xxxxxxx Xxxxxx, Xxxx St. in Fort Xxxxx, Indiana 4680246602. /s/ Xxxx X. Xxxxxxxx /s/ Xxx X. Xxxxxx Xxxx X. Xxxxxxxx Xxx X. Xxxxxx, President Xxxxx X. Xxxxxx, Vice President Form 30293 SVP & Chief Administrative Officer Table of Contents Article Page 1 Definitions................................................................................................ Definitions .......................................................................... 4

DAY RIGHT TO EXAMINE CONTRACT. Within 10 days after this Contract is first received, it may be cancelled for any reason without penalty (e.g. no Contingent Deferred Sales Charge will apply) by delivering or mailing it to the representative through whom it was purchased or to the Home Office of LNL. Upon cancellation, LNL will return the Contract Value as of the Valuation Date on which LNL receives the cancellation request, plus any premium taxes and mortality and expense risk charges and daily administrative charges proportionately attributable to the Bonus Credits, plus any premium taxes previously deducted from the Contract Value, minus any Bonus Credits paid into the this Contract. If the Contract Value on the date of cancellation is less than the sum of Purchase Payments minus withdrawals, LNL will also return both the net investment loss on this Contract and the fund management fees fees, each in an amount that is proportionately attributable to the Bonus Credits. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED UPON INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE (THE AMOUNT MAY INCREASE OR DECREASE) AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT (SEE PAGES 7 AND 17). Signed for The Lincoln National Life Insurance Company at its Home Office located at 0000 Xxxxx Xxxxxxx Xxxxxx, Xxxx Xxxxx, Indiana 46802. /s/ Xxx X. Xxxxxx /s/ Xxxxx X. Xxxxxx Xxx X. Xxxxxx, President Xxxxx X. Xxxxxx, Vice President Form 30293 Table of Contents Article Page 1 Definitions................................................................................................ ........................................................ 4