Common use of LIFE ANNUITY WITH PERIOD CERTAIN Clause in Contracts

LIFE ANNUITY WITH PERIOD CERTAIN. Annuity Payments will be made for the greater of the lifetime of the Annuitant and a specified period the Owner selected. If the Annuitant dies prior to the end of this specified period, the Beneficiary will receive the remaining guaranteed payments at least as rapidly as under the method of distribution being used as of the date of the Annuitant's death. The guaranteed payments will automatically cease as of the end of the specified period.

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/)

AutoNDA by SimpleDocs

LIFE ANNUITY WITH PERIOD CERTAIN. Fixed and/or Variable Annuity Payments will be made for the greater of the lifetime of the Annuitant and a specified period the Owner selectedselects. If the Annuitant dies prior to the end of this specified period, the Beneficiary will receive the remaining guaranteed payments at least as rapidly as under the method of distribution being used as of the date of the Annuitant's death. The guaranteed payments will automatically cease as of the end of the specified period.

Appears in 3 contracts

Samples: Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Lincoln Life Variable Annuity Account N), Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Lincoln Life Variable Annuity Account N), Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Lincoln Life Variable Annuity Account N)

LIFE ANNUITY WITH PERIOD CERTAIN. Fixed and/or Variable Annuity Payments will be made for the greater of the lifetime of the Annuitant and a specified period the Owner selectedYou select. If the Annuitant dies prior to the end of this specified period, the Beneficiary will receive the remaining guaranteed payments at least as rapidly as under the method of distribution being used as of the date of the Annuitant's death. The guaranteed payments will automatically cease as of the end of the specified period.

Appears in 2 contracts

Samples: Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Lincoln Life Variable Annuity Account N), Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Lincoln Life Variable Annuity Account N)

AutoNDA by SimpleDocs

LIFE ANNUITY WITH PERIOD CERTAIN. Fixed and/or Variable Annuity Payments will be made for the greater of the lifetime of the Annuitant and a specified period the Owner selected. If the Annuitant dies prior to the end of this specified period, the Beneficiary will receive the remaining guaranteed payments at least as rapidly as under the method of distribution being used as of the date of the Annuitant's death. The guaranteed payments will automatically cease as of the end of the specified period.

Appears in 2 contracts

Samples: Individual Single Purchase Payment Deferred Variable Annuity Contract (Lincoln National Variable Annuity Account C), Individual Single Purchase Payment Deferred Variable Annuity Contract (Lincoln National Variable Annuity Acct L)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!