DEFERRAL PERIODS. If a withdrawal is to be made from the Guaranteed Interest Division, LL&A may defer the payment for the period permitted by the law of the state in which this Contract was delivered but not more than six (6) months after a written election is received by LL&A. During the period of deferral, interest at the then current interest rate(s) will continue to be credited to a Participant's Account in the Guaranteed Interest Division.
Appears in 4 contracts
Samples: Group Variable Annuity Contract (Lincoln Life & Annuity Var Ann Sep Acct L Group Var Ann Ii), Group Variable Annuity Contract (Lincoln Life & Annuity Var Ann Sep Acct L Group Var Ann Ii), Group Variable Annuity Contract (Lincoln Life & Annuity Var Ann Sep Acct L Group Var Ann Iii)
