DETERMINATION OF THE AMOUNT OF THE FIRST ANNUITY PAYMENT. The amount of annuity payment will depend on the age of the Annuitant as of the Annuity Commencement Date. The first annuity payment amount depends on the Annuity Payment Option, payment frequency, and whether the Owner selects a Variable Annuity Payment and/or a Fixed Annuity Payment. A choice may be made to receive annuity payments on a monthly, quarterly, semi-annual or annual basis.
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Samples: Lincoln Life Variable Annuity Account N, Lincoln Life Variable Annuity Account N
DETERMINATION OF THE AMOUNT OF THE FIRST ANNUITY PAYMENT. The amount of annuity payment will depend on the age of the Annuitant as of the Annuity Commencement Date. The first annuity payment amount depends on the Annuity Payment Option, payment frequency, and whether the Owner selects a Variable Annuity Payment and/or a Fixed Annuity Payment. A choice may be made to receive annuity payments on a monthly, quarterly, semi-annual annual, or annual basis.
Appears in 2 contracts
Samples: Lincoln National Variable Annuity Account C, Lincoln National Variable Annuity Acct L
DETERMINATION OF THE AMOUNT OF THE FIRST ANNUITY PAYMENT. The amount of annuity payment will depend on the age of the Annuitant as of the Annuity Commencement Date. The first annuity payment Annuity Payment amount depends on the Annuity Payment Option, payment frequency, and whether the Owner selects a Variable Annuity Payment and/or a Fixed Annuity Payment. A choice may be made to receive annuity payments on a monthly, quarterly, semi-annual or annual basis.
Appears in 2 contracts
Samples: Lincoln Life Variable Annuity Account N, Lincoln Life Variable Annuity Account N
DETERMINATION OF THE AMOUNT OF THE FIRST ANNUITY PAYMENT. The amount of annuity payment will depend on the age of the Annuitant as of the Annuity Commencement Date. The first annuity payment Annuity Payment amount depends on the Annuity Payment Option, payment frequency, and whether the Owner selects a Variable Annuity Payment and/or a Fixed Annuity Payment. A choice may be made to receive annuity payments on a monthly, quarterly, semi-annual or annual basis.. ICC23-60021 Page 12 ANNUITY PAYMENT OPTIONS (continued)
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