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 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, WITHDRAWAL, OR SURRENDER, PAYMENTS 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MAY BE SUBJECT TO A MARKET VALUE ADJUSTMENT WHICH MAY RESULT IN UPWARD OR DOWNWARD ADJUSTMENTS IN AMOUNTS TRANSFERRED, WITHDRAWN, OR SURRENDERED BY THE OWNER.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 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 ARTICLE 3 AND Section 7.05). Signed for The Lincoln National Life Insurance Company at its Home Office located at 0000 X. Xxxxxxx St. in Fort Xxxxx, Indiana 46802. /s/ Xxx X. Xxxxxx /s/ Xxxxx X. Xxxxxx Xxx X. Xxxxxx, President Xxxxx X. Xxxxxx, Vice President 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 and without any Market Value Adjustment (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. UPON A TRANSFERIf the Contract Value on the date of cancellation is less than the sum of Purchase Payments minus withdrawals, WITHDRAWAL, OR SURRENDER, PAYMENTS 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MAY BE SUBJECT TO A MARKET VALUE ADJUSTMENT WHICH MAY RESULT IN UPWARD OR DOWNWARD ADJUSTMENTS IN AMOUNTS TRANSFERRED, WITHDRAWN, OR SURRENDERED BY THE OWNERLNL will also return the investment loss and fund management fees proportionately attributable to the Bonus Credits.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 ON UPON 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 ARTICLE 3 PAGES 7 AND Section 7.0517). Signed for The Lincoln National Life Insurance Company at its Home Office located at 0000 X. Xxxxx Xxxxxxx St. in Fort 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

DAY RIGHT TO EXAMINE CONTRACT. Within 10 days after this Contract is first received, it may be cancelled for any reason without penalty 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 value of the Variable Account as of the Valuation Date on which LNL receives the cancellation request. UPON A TRANSFER, WITHDRAWAL, OR SURRENDER, PAYMENTS 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 OWNERrequest plus any Purchase Payments made to the DCA Fixed Account of the Contract. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON UPON 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 ARTICLE 3 PAGES 7 AND Section 7.0515). Signed for The Lincoln National Life Insurance Company at its Home Office located at 0000 X. Xxxxx Xxxxxxx St. in Fort Xxxxxx, Xxxx Xxxxx, Indiana 46802. /s/ Xxx X. Xxxxxx /s/ Xxxxx X. Xxxxxx Xxx X. Xxxxxx, President Xxxxx X. Xxxxxx, Vice President Form 30294 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 and without any Market Value Adjustment (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 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 this Contract. UPON A TRANSFERIf the Contract Value on the date of cancellation is less than the sum of Purchase Payments minus withdrawals, WITHDRAWALLNL will also return both the net investment loss on this Contract and the fund management fees, OR SURRENDER, PAYMENTS 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 OWNEReach in an amount that is proportionately attributable to the Bonus Credits. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON UPON 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 ARTICLE 3 PAGES 7 AND Section 7.0517). Signed for The Lincoln National Life Insurance Company at its Home Office located at 0000 X. Xxxxx Xxxxxxx St. in Fort Xxxxxx, Xxxx Xxxxx, Indiana 46802. /s/ Xxx X. Xxxxxx /s/ Xxxxx X. Xxxxxx Xxx X. Xxxxxx, President Xxxxx X. Xxxxxx, Vice President 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 and without any 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, WITHDRAWAL, OR SURRENDER, PAYMENTS 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 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 ARTICLE 3 AND and Section 7.05). Signed for The Lincoln National Life Insurance Company at its Home Office located at 0000 X. Xxxxxxx St. in Fort Xxxxx, Indiana 46802. /s/ Xxx X. Xxxxxx /s/ Xxxxx X. Xxxxxx Xxx X. Xxxxxx, President Xxxxx X. Xxxxxx, Vice President Form 30422 Table of Contents Article Page 1 Definitions..................................................... ............................................................................................. 4