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 and the payment frequency elected. A choice may be made to receive Annuity Payments on a monthly, quarterly, semi-annual, or annual basis. The minimum payment amounts that will be used to determine the monthly payments for an Annuity Payment are shown on the Contract Specifications under the PAYMENT OPTION TABLES. The Payment Option Tables show the dollar amount of the guaranteed monthly payments which can be purchased with each $1,000 of Contract Value, after deduction of any applicable Taxes. Determination of the first Annuity Payment Date is shown on the Contract Specifications under Annuity Payment Requirements.
Appears in 5 contracts
Samples: Individual Single Purchase Payment Index Linked Deferred Annuity Contract (Lincoln National Life Insurance Co /In/), Individual Single Purchase Payment Index Linked Deferred Annuity Contract (Lincoln National Life Insurance Co /In/), Individual Single Purchase Payment Index Linked Deferred Annuity Contract (Lincoln National Life Insurance Co /In/)
