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 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 Contract Value as of the Valuation Date on which LNL receives the cancellation request. 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 X. Xxxxxxx St. in Fort Xxxxx, Indiana 46802.] /s/ Xxx X. Xxxxxx /s/ Xxxx X. Xxxxxxxx ------------------------ ---------------------------------- Xxx X. Xxxxxx, President Xxxx X. Xxxxxxxx SVP & Chief Administrative Officer Form 30070-CD-B 5/03 Table of Contents Article Page ---- 1 Definitions 4 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] 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 Contract Value as of the Valuation Date on which LNL receives the cancellation request. 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 X. Xxxxxxx St. in Fort Xxxxx, Indiana 46802.] /s/ Xxx X. Xxxxxx /s/ Xxxx X. Xxxxxxxx ------------------------ ---------------------------------- Xxx X. Xxxxxx, President Xxxx X. Xxxxxxxx SVP & Chief Administrative Officer Form 30070-CD-B 5/03 Table of Contents Article Page ---- 1 Definitions 4 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]19

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 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 Contract Value as of the Valuation Date on which LNL receives the cancellation request. 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 X. Xxxxxxx St. in Fort Xxxxx, Indiana 46802.] /s/ Xxx X. Xxxxxx /s/ Xxxx X. Xxxxxxxx ------------------------ ---------------------------------- Xxx X. Xxxxxx, President Xxxx X. Xxxxxxxx SVP & Chief Administrative Officer Form 30070-CD-B 5/03 Table of Contents Article Page ---- 1 Definitions 4 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]SPECIFICATIONS

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 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 Contract Value as of the Valuation Date on which LNL receives the cancellation request. 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 X. Xxxxxxx St. in Fort Xxxxx, Indiana 46802.] /s/ Xxx X. Xxxxxx /s/ Xxxx X. Xxxxxxxx ------------------------ ---------------------------------- Xxx X. Xxxxxx, President Xxxx X. Xxxxxxxx SVP & Chief Administrative Officer Form 30070-CD-B 5/03 Table of Contents Article Page ---- 1 Definitions 4 2 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 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]SPECIFICATIONS