Common use of DETERMINATION OF THE AMOUNT OF VARIABLE ANNUITY Clause in Contracts

DETERMINATION OF THE AMOUNT OF VARIABLE ANNUITY. PAYMENTS AFTER THE FIRST PAYMENT The first variable annuity benefit payment is sub-divided into components, each of which represents the product of: a. the percentage elected by the Owner of a specific Variable Sub- account, the performance of which will determine future variable annuity benefit payments; and b. the entire first variable annuity benefit payment. Each variable annuity benefit payment after the first payment attributable to a specific Variable Sub-account will be determined by multiplying the Annuity Unit value for the Variable Sub-account for the date each payment is due by a constant number of Annuity Units. This constant number for each specific Variable Sub-account is determined by dividing the component of the first payment attributable to such Variable Sub-account as described above by the Annuity Unit value for that Variable Sub-account on the Annuity Commencement Date. The total variable annuity benefit payment will be the sum of the payments attributable to each Variable Sub-account. In absence of transfers between Variable Sub-accounts, the number of Annuity Units attributable to each Variable Sub-account remains constant, although the Annuity Unit values will vary with the investment performance of the Funds. The Annuity Unit value may increase or decrease the dollar value of benefits under the Contract. The Annuity Unit value for any Valuation Period for any Variable Sub-account is determined by multiplying the Annuity Unit value for the immediately preceding Valuation Period by the product of (a) the daily factor raised to a power equal to the number of days in the current Valuation Period and (b) the Accumulation Unit value of the same Variable Sub-account for this Valuation Period divided by the Accumulation Unit value of the same Variable Sub-account for the immediately preceding Valuation Period. The daily factor is equal to 0.999919020 for a 3% assumed interest rate, 0.999892552 for a 4% assumed interest rate, 0.999866337 for a 5% assumed interest rate, and 0.999840372 for a 6% assumed interest rate. The valuation of all assets in the Variable Sub-account will be determined in accordance with the provisions of applicable laws, rules, and regulations. The method of determination by LNL of the value of an Accumulation Unit and of any Annuity Unit will be conclusive upon the Owner and any Beneficiary. LNL guarantees that the dollar amount of each installment after the first will not be affected by variations in mortality experience from mortality assumptions on which the first installment is based. After the Annuity Commencement Date, if any portion of the annuity benefit payment is a variable annuity benefit payment, the Owner may direct a transfer of assets from one Variable Sub-account to another Variable Sub-account or to a fixed annuity benefit payment. Such transfers will be limited to three (3) times per Contract Year. Assets may not be transferred from a fixed annuity benefit payment to a variable annuity benefit payment. A transfer from one Variable Sub-account to another Variable Sub-account will result in the purchase of Annuity Units in one Variable Sub-account and the redemption of Annuity Units in the other Variable Sub-account. Such a transfer will be accomplished at relative Annuity Unit values as of the Valuation Date the transfer request is received by LNL. The valuation of Annuity Units is described above. A transfer from a Variable Sub-account to a fixed annuity benefit payment will result in the redemption of Annuity Units in that Variable Sub-account and the purchase of a minimum fixed annuity benefit payment based on the tables in Article 11.

DETERMINATION OF THE AMOUNT OF VARIABLE ANNUITY. PAYMENTS AFTER THE FIRST PAYMENT The first variable annuity benefit payment is sub-divided into components, each of which represents the product of: a. the percentage elected by the Owner of a specific Variable Sub- Sub-account, the performance of which will determine future variable annuity benefit payments; , and b. the entire first variable annuity benefit payment. Each variable annuity benefit payment after the first payment attributable to a specific Variable Sub-account will be determined by multiplying the Annuity Unit value for the Variable Sub-account for the date each payment is due by a constant number of Annuity Units. This constant number for of each specific Variable Sub-account is determined by dividing the component of the first payment attributable to such Variable Sub-account as described above by the Annuity Unit value for that Variable Sub-account on the Annuity Commencement Date. The total variable annuity benefit payment will be the sum of the payments attributable to each Variable Sub-account. In absence of transfers between Variable Sub-accounts, the number of Annuity Units attributable to each Variable Sub-account remains constant, although the Annuity Unit values will vary with the investment performance of the Funds. The Annuity Unit value may increase or decrease the dollar value of benefits under the Contract. The Annuity Unit value for any Valuation Period for any Variable Sub-account is determined by multiplying the Annuity Unit value for the immediately preceding Valuation Period by the product of (a) the daily factor raised to a power equal to the number of days in the current Valuation Period and (b) the Accumulation Unit value of the same Variable Sub-account for this Valuation Period divided by the Accumulation Unit value of the same Variable Sub-account for the immediately preceding Valuation Period. The daily factor is equal to 0.999919020 for a 3% assumed interest rate, 0.999892552 for a 4% assumed interest rate, 0.999866337 for a 5% assumed interest rate, and 0.999840372 for a 6% assumed interest rate. The valuation of all assets in the Variable Sub-account will be determined in accordance with the provisions of applicable laws, rules, and regulations. The method of determination by LNL of the value of an Accumulation Unit and of any Annuity Unit will be conclusive upon the Owner and any Beneficiary. LNL guarantees that the dollar amount of each installment after the first will not be affected by variations in mortality experience from mortality assumptions on which the first installment is based. After the Annuity Commencement Date, if any portion of the annuity benefit payment is a variable annuity benefit payment, the Owner may direct a transfer of assets from one Variable Sub-account to another Variable Sub-account or to a fixed annuity benefit payment. Such transfers will be limited to three (3) times per Contract Year. Assets may not be transferred from a fixed annuity benefit payment to a variable annuity benefit payment. A transfer from one Variable Sub-account to another Variable Sub-account will result in the purchase of Annuity Units in one Variable Sub-account and the redemption of Annuity Units in the other Variable Sub-account. Such a transfer will be accomplished at relative Annuity Unit values as of the Valuation Date the transfer request is received by LNL. The valuation of Annuity Units is described above. A transfer from a Variable Sub-account to a fixed annuity benefit payment will result in the redemption of Annuity Units in that Variable Sub-account and the purchase of a minimum fixed annuity benefit payment based on the tables in Article 11.

DETERMINATION OF THE AMOUNT OF VARIABLE ANNUITY. PAYMENTS AFTER THE FIRST PAYMENT The first variable annuity benefit payment is sub-divided into components, each of which represents the product of: a. the percentage elected by the Owner of a specific Variable Sub- Sub-account, the performance of which will determine future variable annuity benefit payments; and b. the entire first variable annuity benefit payment. Each variable annuity benefit payment after the first payment attributable to a specific Variable Sub-account will be determined by multiplying the Annuity Unit value for the Variable Sub-account for the date each payment is due by a constant number of Annuity Units. This constant number for each specific Variable Sub-account is determined by dividing the component of the first payment attributable to such Variable Sub-account as described above by the Annuity Unit value for that Variable Sub-account on the Annuity Commencement Date. The total variable annuity benefit payment will be the sum of the payments attributable to each Variable Sub-account. In absence of transfers between Variable Sub-accounts, the number of Annuity Units attributable to each Variable Sub-account remains constant, although the Annuity Unit values will vary with the investment performance of the Funds. The Annuity Unit value may increase or decrease the dollar value of benefits under the Contract. The Annuity Unit value for any Valuation Period for any Variable Sub-account is determined by multiplying the Annuity Unit value for the immediately preceding Valuation Period by the product of (a) the daily factor raised to a power equal to the number of days in the current Valuation Period and (b) the Accumulation Unit value of the same Variable Sub-account for this Valuation Period divided by the Accumulation Unit value of the same Variable Sub-account for the immediately preceding Valuation Period. The daily factor is equal to 0.999919020 for a 3% assumed interest rate, 0.999892552 for a 4% assumed interest rate, and 0.999866337 for a 5% assumed interest rate, and 0.999840372 for a 6% assumed interest rate. The valuation of all assets in the Variable Sub-account will be determined in accordance with the provisions of applicable laws, rules, and regulations. The method of determination by LNL LNY of the value of an Accumulation Unit and of any Annuity Unit will be conclusive upon the Owner and any Beneficiary. LNL LNY guarantees that the dollar amount of each installment after the first will not be affected by variations in mortality experience from mortality assumptions on which the first installment is based. After the Annuity Commencement Date, if any portion of the annuity benefit payment is a variable annuity benefit payment, the Owner may direct a transfer of assets from one Variable Sub-account to another Variable Sub-account or to a fixed annuity benefit payment. Such transfers will be limited to three (3) times per Contract Year. Assets may not be transferred from a fixed annuity benefit payment to a variable annuity benefit payment. A transfer from one Variable Sub-account to another Variable Sub-account will result in the purchase of Annuity Units in one Variable Sub-account and the redemption of Annuity Units in the other Variable Sub-account. Such a transfer will be accomplished at relative Annuity Unit values as of the Valuation Date the transfer request is received by LNLLNY at its Servicing Office. The valuation of Annuity Units is described above. A transfer from a Variable Sub-account to a fixed annuity benefit payment will result in the redemption of Annuity Units in that Variable Sub-account and the purchase of a minimum fixed annuity benefit payment based on the tables in Article 1112.

DETERMINATION OF THE AMOUNT OF VARIABLE ANNUITY. PAYMENTS AFTER THE FIRST PAYMENT The first variable annuity benefit payment is sub-divided into components, each of which represents the product of: a. the percentage elected by the Owner of a specific Variable Sub- account, the performance of which will determine future variable annuity benefit payments; , and b. the entire first variable annuity benefit payment. Each variable annuity benefit payment after the first payment attributable to a specific Variable Sub-account will be determined by multiplying the Annuity Unit value for the Variable Sub-account for the date each payment is due by a constant number of Annuity Units. This constant number for of each specific Variable Sub-account is determined by dividing the component of the first payment attributable to such Variable Sub-account as described above by the Annuity Unit value for that Variable Sub-account on the Annuity Commencement Date. The total variable annuity benefit payment will be the sum of the payments attributable to each Variable Sub-accountSubaccount. In absence of transfers between Variable Sub-accounts, the number of Annuity Units attributable to each Variable Sub-account remains constant, although the Annuity Unit values will vary with the investment performance of the Funds. The Annuity Unit value may increase or decrease the dollar value of benefits under the Contract. The Annuity Unit value for any Valuation Period for any Variable Sub-account is determined by multiplying the Annuity Unit value for the immediately preceding Valuation Period by the product of (a) the daily factor raised to a power equal to the number of days in the current Valuation Period and (b) the Accumulation Unit value of the same Variable Sub-account for this Valuation Period divided by the Accumulation Unit value of the same Variable Sub-account for the immediately preceding Valuation Period. The daily factor is equal to 0.999919020 for a 3% assumed interest rate, 0.999892552 for a 4% assumed interest rate, 0.999866337 for a 5% assumed interest rate, and 0.999840372 for a 6% assumed interest rate. The valuation of all assets in the Variable Sub-account will be determined in accordance with the provisions of applicable laws, rules, and regulations. The method of determination by LNL of the value of an Accumulation Unit and of any Annuity Unit will be conclusive upon the Owner and any Beneficiary. LNL guarantees that the dollar amount of each installment after the first will not be affected by variations in mortality experience from mortality assumptions on which the first installment is based. After the Annuity Commencement Date, if any portion of the annuity benefit payment is a variable annuity benefit payment, . the Owner may direct a transfer of assets from one Variable Sub-account to another Variable Sub-account or to a fixed annuity benefit payment. Such transfers will be limited to three (3) times per Contract Year. Assets may not be transferred from a fixed annuity benefit payment to a variable annuity benefit payment. A transfer from one Variable Sub-account to another Variable Sub-account will result in the purchase of Annuity Units in one Variable Sub-account and the redemption of Annuity Units in the other Variable Sub-account. Such a transfer will be accomplished at relative Annuity Unit values as of the Valuation Date the transfer request is received by LNL. The valuation of Annuity Units is described above. A transfer from a Variable Sub-account to a fixed annuity benefit payment will result in the redemption of Annuity Units in that Variable Sub-account and the purchase of a minimum fixed annuity benefit payment based on the tables in Article 11.

DETERMINATION OF THE AMOUNT OF VARIABLE ANNUITY. PAYMENTS AFTER THE FIRST PAYMENT The first variable annuity benefit payment is sub-divided into components, each of which represents the product of:: Form 30294-NY Page 14 a. the percentage elected by the Owner of a specific Variable Sub- account, Sub-account the performance of which will determine future variable annuity benefit payments; and b. the entire first variable annuity benefit payment. Each variable annuity benefit payment after the first payment attributable to a specific Variable Sub-account will be determined by multiplying the Annuity Unit value for the Variable Sub-account for the date each payment is due by a constant number of Annuity Units. This constant number for each specific Variable Sub-account is determined by dividing the component of the first payment attributable to such Variable Sub-account as described above by the Annuity Unit value for that Variable Sub-account on the Annuity Commencement Date. The total variable annuity benefit payment will be the sum of the payments attributable to each Variable Sub-account. In absence of transfers between Variable Sub-accounts, the number of Annuity Units attributable to each Variable Sub-account remains constant, although the Annuity Unit values will vary with the investment performance of the Funds. The Annuity Unit value may increase or decrease the dollar value of benefits under the Contract. The Annuity Unit value for any Valuation Period for any Variable Sub-account is determined by multiplying the Annuity Unit value for the immediately preceding Valuation Period by the product of (a) the daily factor raised to a power equal to the number of days in the current Valuation Period and (b) the Accumulation Unit value of the same Variable Sub-account for this Valuation Period divided by the Accumulation Unit value of the same Variable Sub-account for the immediately preceding Valuation Period. The daily factor is equal to 0.999919020 for a 3% assumed interest rate, 0.999892552 for a 4% assumed interest rate, and 0.999866337 for a 5% assumed interest rate, and 0.999840372 for a 6% assumed interest rate. The valuation of all assets in the Variable Sub-account will be determined in accordance with the provisions of applicable laws, rules, and regulations. The method of determination by LNL LNY of the value of an Accumulation Unit and of any Annuity Unit will be conclusive upon the Owner and any Beneficiary. LNL LNY guarantees that the dollar amount of each installment after the first will not be affected by variations in mortality experience from mortality assumptions on which the first installment is based. After the Annuity Commencement Date, if any portion of the annuity benefit payment is a variable annuity benefit payment, the Owner may direct a transfer of assets from one Variable Sub-account to another Variable Sub-account or to a fixed annuity benefit payment. Such transfers will be limited to three (3) times per Contract Year. Assets may not be transferred from a fixed annuity benefit payment to a variable annuity benefit payment. A transfer from one Variable Sub-account to another Variable Sub-account will result in the purchase of Annuity Units in one Variable Sub-account and the redemption of Annuity Units in the other Variable Sub-account. Such a transfer will be accomplished at relative Annuity Unit values as of the Valuation Date the transfer request is received by LNLreceived. The valuation of Annuity Units is described above. A transfer from a one Variable Sub-account to a fixed annuity benefit payment will result in the redemption of Annuity Units in that one Variable Sub-Sub- account and the purchase of a minimum fixed annuity benefit payment based on the tables in Article 11.

DETERMINATION OF THE AMOUNT OF VARIABLE ANNUITY. PAYMENTS AFTER THE FIRST PAYMENT The first variable annuity benefit payment is sub-divided into components, each of which represents the product of: a. the percentage elected by the Owner of a specific Variable Sub- account, account the performance of which will determine future variable annuity benefit payments; and b. the entire first variable annuity benefit payment. Each variable annuity benefit payment after the first payment attributable to a specific Variable Sub-account will be determined by multiplying the Annuity Unit value for the Variable Sub-account for the date each payment is due by a constant number of Annuity Units. This constant number for each specific Variable Sub-account is determined by dividing the component of the first payment attributable to such Variable Sub-account as described above by the Annuity Unit value for that Variable Sub-account on the Annuity Commencement Date. The total variable annuity benefit payment will be the sum of the payments attributable to each Variable Sub-account. In absence of transfers between Variable Sub-accounts, the number of Annuity Units attributable to each Variable Sub-account remains constant, although the Annuity Unit values will vary with the investment performance of the Funds. The Annuity Unit value may increase or decrease the dollar value of benefits under the Contract. The Annuity Unit value for any Valuation Period for any Variable Sub-account is determined by multiplying the Annuity Unit value for the immediately preceding Valuation Period by the product of (a) the daily factor raised to a power equal to the number of days in the current Valuation Period and (b) the Accumulation Unit value of the same Variable Sub-account for this Valuation Period divided by the Accumulation Unit value of the same Variable Sub-account for the immediately preceding Valuation Period. The daily factor is equal to 0.999919020 for a 3% assumed interest rate, 0.999892552 for a 4% assumed interest rate, and 0.999866337 for a 5% assumed interest rate, and 0.999840372 for a 6% assumed interest rate. The valuation of all assets in the Variable Sub-account will be determined in accordance with the provisions of applicable laws, rules, and regulations. The method of determination by LNL LNY of the value of an Accumulation Unit and of any Annuity Unit will be conclusive upon the Owner and any Beneficiary. LNL LNY guarantees that the dollar amount of each installment after the first will not be affected by variations in mortality experience from mortality assumptions on which the first installment is based. After the Annuity Commencement Date, if any portion of the annuity benefit payment is a variable annuity benefit payment, the Owner may direct a transfer of assets from one Variable Sub-account to another Variable Sub-account or to a fixed annuity benefit payment. Such transfers will be limited to three (3) times per Contract Year. Assets may not be transferred from a fixed annuity benefit payment to a variable annuity benefit payment. A transfer from one Variable Sub-account to another Variable Sub-account will result in the purchase of Annuity Units in one Variable Sub-account and the redemption of Annuity Units in the other Variable Sub-account. Such a transfer will be accomplished at relative Annuity Unit values as of the Valuation Date the transfer request is received by LNLreceived. The valuation of Annuity Units is described above. A transfer from a one Variable Sub-account to a fixed annuity benefit payment will result in the redemption of Annuity Units in that one Variable Sub-account and the purchase of a minimum fixed annuity benefit payment based on the tables in Article 1112.

DETERMINATION OF THE AMOUNT OF VARIABLE ANNUITY. PAYMENTS AFTER THE FIRST PAYMENT The first variable annuity benefit payment is sub-divided into components, each of which represents the product of: a. the percentage elected by the Contract Owner of a specific Variable Sub- account, account the performance of which will determine future variable annuity benefit payments; , and b. the entire first variable annuity benefit payment. Each variable annuity benefit payment after the first payment attributable to a specific Variable Sub-account will be determined by multiplying the Annuity Unit value for the Variable Sub-account for the date each payment is due by a constant number of Annuity Units. This constant number for of each specific Variable Sub-account is determined by dividing the component of the first payment attributable to such Variable Sub-account as described above by the Annuity Unit value for that Variable Sub-account on the Annuity Commencement Date. The total variable annuity benefit payment will be the sum of the payments attributable to each Variable Sub-account. In absence of transfers between Variable Sub-accounts, the number of Annuity Units attributable to each Variable Sub-account remains constant, although the Annuity Unit values will vary with the investment performance of the Funds. The Annuity Unit value may increase or decrease the dollar value of benefits under the Contract. The Annuity Unit value for any Valuation Period for any Variable Sub-account is determined by multiplying the Annuity Unit value for the immediately preceding Valuation Period by the product of (a) the daily factor raised to a power equal to the number of days in the current Valuation Period and (b) the Accumulation Unit value of the same Variable Sub-account for this Valuation Period divided by the Accumulation Unit value of the same Variable Sub-account for the immediately preceding Valuation Period. The daily factor is equal to 0.999919020 for a 3% assumed interest rateAssumed Interest Rate, 0.999892552 for a 4% assumed interest rateAssumed Interest Rate, 0.999866337 for a 5% assumed interest rateAssumed Interest Rate, and 0.999840372 for a 6% assumed interest rateAssumed Interest Rate. The valuation of all assets in the Variable Sub-account will shall be determined in accordance with the provisions of applicable laws, rules, and regulations. The method of determination by LNL of the value of an Accumulation Unit and of any Annuity Unit will be conclusive upon the Owner and any Beneficiary. LNL guarantees that the dollar amount of each installment after the first will shall not be affected by variations in mortality experience from mortality assumptions on which the first installment is based. After the Annuity Commencement Date, if any portion of the annuity benefit payment is a variable annuity benefit payment, Date the Owner may direct a transfer of assets from one Variable Sub-account to another Variable Sub-account or to a fixed annuity benefit payment. Such transfers will be limited to three (3) times per Contract Year. Assets may not be transferred from a fixed annuity benefit payment to a variable annuity benefit payment. A transfer from one Variable Sub-account to another Variable Sub-account will result in the purchase of Annuity Units in one Variable Sub-account and the redemption of Annuity Units in the other Variable Sub-account. Such a transfer will be accomplished at relative Annuity Unit values as of the Valuation Date the transfer request is received by LNLreceived. The valuation of Annuity Units is described above. A transfer from a Variable Sub-account to a fixed annuity benefit payment will result in the redemption of Annuity Units in that Variable Sub-account and the purchase of a minimum fixed annuity benefit payment based on the tables in Article 11.

DETERMINATION OF THE AMOUNT OF VARIABLE ANNUITY. PAYMENTS AFTER THE FIRST PAYMENT The first variable annuity benefit payment is sub-divided into components, each of which represents the product of: a. the percentage elected by the Owner of a specific Variable Sub- Sub-account, the performance of which will determine future variable annuity benefit payments; , and b. the entire first variable annuity benefit payment. Each variable annuity benefit payment after the first payment attributable to a specific Variable Sub-account will be determined by multiplying the Annuity Unit value for the Variable Sub-account for the date each payment is due by a constant number of Annuity Units. This constant number for of each specific Variable Sub-account is determined by dividing the component of the first payment attributable to such Variable Sub-account as described above by the Annuity Unit value for that Variable Sub-account on the Annuity Commencement Date. The total variable annuity benefit payment will be the sum of the payments attributable to each Variable Sub-accountSubaccount. In absence of transfers between Variable Sub-accounts, the number of Annuity Units attributable to each Variable Sub-account remains constant, although the Annuity Unit values will vary with the investment performance of the Funds. The Annuity Unit value may increase or decrease the dollar value of benefits under the Contract. The Annuity Unit value for any Valuation Period for any Variable Sub-account is determined by multiplying the Annuity Unit value for the immediately preceding Valuation Period by the product of (a) the daily factor raised to a power equal to the number of days in the current Valuation Period and (b) the Accumulation Unit value of the same Variable Sub-account for this Valuation Period divided by the Accumulation Unit value of the same Variable Sub-account for the immediately preceding Valuation Period. The daily factor is equal to 0.999919020 for a 3% assumed interest rate, 0.999892552 for a 4% assumed interest rate, 0.999866337 for a 5% assumed interest rate, and 0.999840372 for a 6% assumed interest rate. The valuation of all assets in the Variable Sub-account will be determined in accordance with the provisions of applicable laws, rules, and regulations. The method of determination by LNL of the value of an Accumulation Unit and of any Annuity Unit will be conclusive upon the Owner and any Beneficiary. LNL guarantees that the dollar amount of each installment after the first will not be affected by variations in mortality experience from mortality assumptions on which the first installment is based. After the Annuity Commencement Date, if any portion of the annuity benefit payment is a variable annuity benefit payment, the Owner may direct a transfer of assets from one Variable Sub-account to another Variable Sub-account or to a fixed annuity benefit payment. Such transfers will be limited to three (3) times per Contract Year. Assets may not be transferred from a fixed annuity benefit payment to a variable annuity benefit payment. A transfer from one Variable Sub-account to another Variable Sub-account will result in the purchase of Annuity Units in one Variable Sub-account and the redemption of Annuity Units in the other Variable Sub-account. Such a transfer will be accomplished at relative Annuity Unit values as of the Valuation Date the transfer request is received by LNL. The valuation of Annuity Units is described above. A transfer from a that Variable Sub-account to a fixed annuity benefit payment will result in the redemption of Annuity Units in that a Variable Sub-account and the purchase of a minimum fixed annuity benefit payment based on the tables in Article 11.

DETERMINATION OF THE AMOUNT OF VARIABLE ANNUITY. PAYMENTS AFTER THE FIRST PAYMENT The first variable annuity benefit payment is sub-divided into components, each of which represents the product of: a. the percentage elected by the Owner of a specific Variable Sub- Sub-account, the performance of which will determine future variable annuity benefit payments; and b. the entire first variable annuity benefit payment. Each variable annuity benefit payment after the first payment attributable to a specific Variable Sub-account will be determined by multiplying the Annuity Unit value for the Variable Sub-account for the date each payment is due by a constant number of Annuity Units. This constant number for each specific Variable Sub-account is determined by dividing the component of the first payment attributable to such Variable Sub-account as described above by the Annuity Unit value for that Variable Sub-account on the Annuity Commencement Date. The total variable annuity benefit payment will be the sum of the payments attributable to each Variable Sub-account. In absence of transfers between Variable Sub-accounts, the number of Annuity Units attributable to each Variable Sub-account remains constant, although the Annuity Unit values will vary with the investment performance of the Funds. The Annuity Unit value may increase or decrease the dollar value of benefits under the Contract. The Annuity Unit value for any Valuation Period for any Variable Sub-account is determined by multiplying the Annuity Unit value for the immediately preceding Valuation Period by the product of (a) the daily factor raised to a power equal to the number of days in the current Valuation Period and (b) the Accumulation Unit value of the same Variable Sub-account for this Valuation Period divided by the Accumulation Unit value of the same Variable Sub-account for the immediately preceding Valuation Period. The daily factor is equal to 0.999919020 for a 3% assumed interest rate, 0.999892552 for a 4% assumed interest rate, 0.999866337 for a 5% assumed interest rate, and 0.999840372 for a 6% assumed interest rate. The valuation of all assets in the Variable Sub-account will be determined in accordance with the provisions of applicable laws, rules, and regulations. The method of determination by LNL of the value of an Accumulation Unit and of any Annuity Unit will be conclusive upon the Owner and any Beneficiary. LNL guarantees that the dollar amount of each installment after the first will not be affected by variations in mortality experience from mortality assumptions on which the first installment is based. After the Annuity Commencement Date, if any portion of the annuity benefit payment is a variable annuity benefit payment, the Owner may direct a transfer of assets from one Variable Sub-account to another Variable Sub-account or to a fixed annuity benefit payment. Such transfers will be limited to three (3) times per Contract Year. Assets may not be transferred from a fixed annuity benefit payment to a variable annuity benefit payment. A transfer from one Variable Sub-account to another Variable Sub-account will result in the purchase of Annuity Units in one Variable Sub-account and the redemption of Annuity Units in the other Variable Sub-account. Such a transfer will be accomplished at relative Annuity Unit values as of the Valuation Date the transfer request is received by LNL. The valuation of Annuity Units is described above. A transfer from a Variable Sub-account to a fixed annuity benefit payment will result in the redemption of Annuity Units in that Variable Sub-account and the purchase of a minimum fixed annuity benefit payment based on the tables in Article 11.