Common use of NOTICE OF RIGHT TO EXAMINE CONTRACT Clause in Contracts

NOTICE OF RIGHT TO EXAMINE CONTRACT. Within 10 days after this Contract is first received, it may be cancelled for any reason without penalty (e.g., no Sales Charge will be deducted) by delivering or mailing it to the representative through whom it was purchased or to the Home Office of LNL. Upon cancellation, LNL will return the value of the Variable Account as of the Valuation Date on which LNL receives the cancellation request and any Sales Charge deducted from the Gross Purchase Payments. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE. THE AMOUNTS MAY INCREASE OR DECREASE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT (SEE ARTICLE 4 AND ARTICLE 7). Signed for The Lincoln National Life Insurance Company at its Home Office located at 0000 Xxxxx Xxxxxxx Xxxxxx xx Xxxx Xxxxx, Indiana 46802. S P E C I M E N /s/ Xxxxxx X Xxxxx /s/ X. Xxxxxxx Xxxxxx ----------------------- -------------------------------------- Xxxxxx Xxxxx, President X. Xxxxxxx Xxxxxx, Corporate Secretary Form 30070-A 8/03 American Legacy Shareholders Table of Contents Article Page 1 Definitions ........................................................ 4

NOTICE OF RIGHT TO EXAMINE CONTRACT. Within 10 [10] days after this Contract is first received, it may be cancelled for any reason without penalty (e.g., no Contingent Deferred Sales Charge will be deducted) by delivering or mailing it to the representative through whom it was purchased or to the Home Office of LNL. Upon cancellation, LNL will return the value of the Variable Account Contract Value as of the Valuation Date on which LNL receives the cancellation request and any Sales Charge deducted from the Gross Purchase Paymentsrequest. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE. THE AMOUNTS MAY INCREASE OR DECREASE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT (SEE ARTICLE 4 AND ARTICLE 7). Signed for The Lincoln National Life Insurance Company at its Home Office located at [0000 Xxxxx X. Xxxxxxx Xxxxxx xx Xxxx St. in Fort Xxxxx, Indiana 46802. S P E C I M E N .] /s/ Xxx X. Xxxxxx X Xxxxx /s/ Xxxx X. Xxxxxxx Xxxxxx ----------------------- -------------------------------------- Xxxxxx XxxxxXxxxxxxx ------------------------ ---------------------------------- Xxx X. Xxxxxx, President Xxxx X. Xxxxxxx Xxxxxx, Corporate Secretary Xxxxxxxx SVP & Chief Administrative Officer Form 30070-A 8/03 American Legacy Shareholders CD-B 5/03 Table of Contents Article Page ---- 1 Definitions ........................................................ 44 3 Contract Value 7 4 Variable Account 8 5 Transfers, Withdrawals and Surrenders 10 7 Annuity Payment Options 15 8 Beneficiary 18 9 Suspension or Deferral of Payments 19 10 General Provisions 20 CONTRACT SPECIFICATIONS Contract Number: [XX-0123456] Annuitant: [Xxxxxxx Xxxxxxx] Age at Issue: [35] Contract Date: [May 1, 2001] Initial Purchase Payment: [$5,000] Maturity Date: [May 1, 2056] Owner(s): [Xxxxxxx Xxxxxxx] [Xxxx Xxxxxxx]

NOTICE OF RIGHT TO EXAMINE CONTRACT. Within 10 [10] days after this Contract is first received, it may be cancelled for any reason without penalty (e.g., no Sales Charge will be deducted) by delivering or mailing it to the representative through whom it was purchased or to the Home Office of LNL. Upon cancellation, LNL will return the value of the Variable Account as of the Valuation Date on which LNL receives the cancellation request and any Sales Charge deducted from the Gross Purchase Payments. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE. THE AMOUNTS MAY INCREASE OR DECREASE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT (SEE ARTICLE 4 AND ARTICLE 7). Signed for The Lincoln National Life Insurance Company at its Home Office located at [0000 Xxxxx X. Xxxxxxx Xxxxxx xx Xxxx St. in Fort Xxxxx, Indiana 46802. S P E C I M E N /s/ Xxxxxx X Xxxxx /s/ X. Xxxxxxx Xxxxxx ----------------------- -------------------------------------- Xxxxxx Xxxxx, President X. Xxxxxxx Xxxxxx, Corporate Secretary Form 30070-A 8/03 American Legacy Shareholders Table of Contents Article Page .] 1 Definitions ........................................................ 44 2 Gross Purchase Payments 6 3 Contract Value 7 4 Variable Account 8 5 Transfers, Withdrawals and Surrenders 10 6 Death Benefits 12 7 Annuity Payment Options 15 8 Beneficiary 18 9 Suspension or Deferral of Payments 19 10 General Provisions 20

NOTICE OF RIGHT TO EXAMINE CONTRACT. Within 10 [10] days after this Contract is first received, it may be cancelled for any reason without penalty (e.g., no Contingent Deferred Sales Charge will be deducted) by delivering or mailing it to the representative through whom it was purchased or to the Home Office of LNL. Upon cancellation, LNL will return the value of the Variable Account Contract Value as of the Valuation Date on which LNL receives the cancellation request and any Sales Charge deducted from the Gross Purchase Paymentsrequest. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE. THE AMOUNTS MAY INCREASE OR DECREASE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT (SEE ARTICLE 4 AND ARTICLE 7). Signed for The Lincoln National Life Insurance Company at its Home Office located at [0000 Xxxxx X. Xxxxxxx Xxxxxx xx Xxxx St. in Fort Xxxxx, Indiana 46802. S P E C I M E N /s/ Xxxxxx X Xxxxx /s/ X. Xxxxxxx Xxxxxx ----------------------- -------------------------------------- Xxxxxx Xxxxx, President X. Xxxxxxx Xxxxxx, Corporate Secretary Form 30070-A 8/03 American Legacy Shareholders Table of Contents .] Article Page 1 Definitions ........................................................ 44 2 Purchase Payments 6 3 Contract Value 7 4 Variable Account 8 5 Transfers, Withdrawals and Surrenders 10 6 Death Benefits 12 7 Annuity Payment Options 15 8 Beneficiary 18 9 Suspension or Deferral of Payments 19 10 General Provisions 20

NOTICE OF RIGHT TO EXAMINE CONTRACT. Within 10 [10] days after this Contract is first received, it may be cancelled for any reason without penalty (e.g., no Contingent Deferred Sales Charge will be deducted) by delivering or mailing it to the representative through whom it was purchased or to the Home Office of LNL. Upon cancellation, LNL will return the value of the Variable Account Contract Value as of the Valuation Date on which LNL receives the cancellation request and any Sales Charge deducted from the Gross Purchase Paymentsrequest. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE. THE AMOUNTS MAY INCREASE OR DECREASE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT (SEE ARTICLE 4 AND ARTICLE 7). Signed for The Lincoln National Life Insurance Company at its Home Office located at [0000 Xxxxx X. Xxxxxxx Xxxxxx xx Xxxx St. in Fort Xxxxx, Indiana 46802. S P E C I M E N .] /s/ Xxx X. Xxxxxx X Xxxxx /s/ Xxxx X. Xxxxxxx Xxxxxx ----------------------- -------------------------------------- Xxxxxx XxxxxXxxxxxxx ------------------------ ---------------------------------- Xxx X. Xxxxxx, President Xxxx X. Xxxxxxx Xxxxxx, Corporate Secretary Form 30070-A 8/03 American Legacy Shareholders Xxxxxxxx SVP & Chief Administrative Officer Table of Contents Article Page 1 Definitions ........................................................ 43 Contract Value 7 4 Variable Account 8 5 Transfers, Withdrawals and Surrenders 10 7 Annuity Payment Options 15 8 Beneficiary 18 9 Suspension or Deferral of Payments 19

NOTICE OF RIGHT TO EXAMINE CONTRACT. Within 10 [10] days after this Contract is first received, it may be cancelled for any reason without penalty (e.g., no Contingent Deferred Sales Charge will be deducted) by delivering or mailing it to the representative through whom it was purchased or to the Home Office of LNL. Upon cancellation, LNL will return the value of the Variable Account Contract Value as of the Valuation Date on which LNL receives the cancellation request and any Sales Charge deducted from the Gross Purchase Paymentsrequest. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE. THE AMOUNTS MAY INCREASE OR DECREASE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT (SEE ARTICLE 4 AND ARTICLE 7). Signed for The Lincoln National Life Insurance Company at its Home Office located at [0000 Xxxxx X. Xxxxxxx Xxxxxx xx Xxxx St. in Fort Xxxxx, Indiana 46802. S P E C I M E N .] /s/ Xxx X. Xxxxxx X Xxxxx /s/ Xxxx X. Xxxxxxx Xxxxxx ----------------------- -------------------------------------- Xxxxxx XxxxxXxxxxxxx ------------------------ ---------------------------------- Xxx X. Xxxxxx, President Xxxx X. Xxxxxxx Xxxxxx, Corporate Secretary Form 30070-A 8/03 American Legacy Shareholders Xxxxxxxx SVP & Chief Administrative Officer Table of Contents Article Page 1 Definitions ........................................................ 43 Contract Value 7 4 Variable Account 8 5 Transfers, Withdrawals and Surrenders 10 7 Annuity Payment Options 15 8 Beneficiary 18 9 Suspension or Deferral of Payments 19 10 General Provisions 20 CONTRACT SPECIFICATIONS

NOTICE OF RIGHT TO EXAMINE CONTRACT. Within 10 [10] days after this Contract is first received, it may be cancelled for any reason without penalty (e.g., no Sales Charge will be deducted) by delivering or mailing it to the representative through whom it was purchased or to the Home Office of LNL. Upon cancellation, LNL will return the value of the Variable Account as of the Valuation Date on which LNL receives the cancellation request and any Sales Charge deducted from the Gross Purchase Payments. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE. THE AMOUNTS MAY INCREASE OR DECREASE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT (SEE ARTICLE 4 AND ARTICLE 7). Signed for The Lincoln National Life Insurance Company at its Home Office located at [0000 Xxxxx X. Xxxxxxx Xxxxxx xx Xxxx St. in Fort Xxxxx, Indiana 46802. S P E C I M E N .] /s/ Xxx X. Xxxxxx X Xxxxx /s/ Xxxx XxXxxx Xxx X. Xxxxxxx Xxxxxx ----------------------- -------------------------------------- Xxxxxx XxxxxXxxxxx, President X. Xxxxxxx Xxxxxx, Corporate Secretary Xxxx XxXxxx SVP & Chief Operating Officer Form 30070-A 8/03 American Legacy Shareholders Table of Contents Article Page 1 Definitions ........................................................ 42 Gross Purchase Payments 6 3 Contract Value 7 4 Variable Account 8 5 Transfers, Withdrawals and Surrenders 10 7 Annuity Payment Options 15 8 Beneficiary 18 9 Suspension or Deferral of Payments 19

NOTICE OF RIGHT TO EXAMINE CONTRACT. Within 10 [10] days after this Contract is first received, it may be cancelled for any reason without penalty (e.g., no Contingent Deferred Sales Charge will be deducted) by delivering or mailing it to the representative through whom it was purchased or to the Home Office of LNL. Upon cancellation, LNL will return the value of the Variable Account Contract Value as of the Valuation Date on which LNL receives the cancellation request and any Sales Charge deducted from the Gross Purchase Paymentsrequest. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT, ARE VARIABLE. THE AMOUNTS MAY INCREASE OR DECREASE AND ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT (SEE ARTICLE 4 AND ARTICLE 7). Signed for The Lincoln National Life Insurance Company at its Home Office located at [0000 Xxxxx X. Xxxxxxx Xxxxxx xx Xxxx St. in Fort Xxxxx, Indiana 46802. S P E C I M E N .] /s/ Xxx X. Xxxxxx X Xxxxx /s/ Xxxx X. Xxxxxxx Xxxxxx ----------------------- -------------------------------------- Xxxxxx XxxxxXxxxxxxx Xxx X. Xxxxxx, President Xxxx X. Xxxxxxx Xxxxxx, Corporate Secretary Form 30070-A 8/03 American Legacy Shareholders Xxxxxxxx SVP & Chief Administrative Officer Table of Contents Article Page 1 Definitions ........................................................ 42 Purchase Payments 6 3 Contract Value 7 5 Transfers, Withdrawals and Surrenders 10 7 Annuity Payment Options 15 8 Beneficiary 18 9 Suspension or Deferral of Payments 19 10 General Provisions 20 CONTRACT SPECIFICATIONS