Prior to the Annuity Commencement Date. The Owner may name only one Annuitant. If the Owner is a tax-exempt entity, the Owner may name one Annuitant or two Joint Annuitants. If the Owner is a natural person, the Owner has the right to change the Annuitant at any time by sending Notice of change to LNY at its Servicing Office; once received by LNY, the change will be effective as of the date the request was sent. For purposes of determining on which date a written change of Annuitant is sent, the postmark date will be used. If the Owner is a non-natural person, the Annuitant may not be changed. The new Annuitant must be under the age of 90 as of the effective date of the change. Change of Annuitant may affect the Death Benefit (refer to Article 7, Death Benefits).
Appears in 11 contracts
Samples: Lincoln New York Account N for Variable Annuities, Lincoln Life & Annuity Variable Annuity Account H, Lincoln New York Account N for Variable Annuities
Prior to the Annuity Commencement Date. The Owner may name only one Annuitant. If the Owner is a tax-exempt entity, the Owner may name one Annuitant or two Joint Annuitants. If the Owner is a natural person, the Owner has the right to change the Annuitant at any time by sending Notice of change to LNY at its Servicing Office; once received by LNY, the change will be effective as effectiveas of the date the request was sent. For purposes of determining on which date whichdate a written change of Annuitant is sent, the postmark date will be used. If the Owner is a non-natural person, the Annuitant may not be changed. The new Annuitant must be under the age of 90 86 as of the effective date of the change. Change of Annuitant may affect the Death Benefit (refer to Article 7, Death Benefits).
Appears in 4 contracts
Samples: Lincoln Life & Annuity Variable Annuity Account H, Lincoln Life & Annuity Variable Annuity Account H, Lincoln New York Account N for Variable Annuities
Prior to the Annuity Commencement Date. The Owner may name only one Annuitant. If the Owner is a tax-exempt entity, the Owner may name one Annuitant or two Joint Annuitants. If the Owner is a natural person, the Owner has the right to change the Annuitant at any time by sending Notice of change to LNY at its Servicing Office; once received by LNY, the change will be effective as of the date the request was sent. For purposes of determining on which date a written change of Annuitant is sent, the postmark date will be used. If the Owner is a non-natural person, the Annuitant may not be changed. The new Annuitant must be under the age of 90 86 as of the effective date of the change. Change of Annuitant may affect the Death Benefit (refer to Article 7, Death Benefits).
Appears in 2 contracts
Samples: Lincoln Life & Annuity Variable Annuity Account H, Lincoln Life & Annuity Variable Annuity Account H
Prior to the Annuity Commencement Date. The Owner may name only one Annuitant. If if the Owner is a tax-exempt entity, the Owner may name one Annuitant or two Joint Annuitants. If if the Owner is a natural person, the Owner has the right to change the Annuitant at any time by sending Notice of change to LNY at its Servicing Office; once received by LNY, the change will be effective as effectiveas of the date the request was sent. For purposes of determining on which date whichdate a written change of Annuitant is sent, the postmark date will be used. If the Owner is a non-natural person, the Annuitant may not be changed. The new Annuitant must be under the age of 90 86 as of the effective date of the change. Change of Annuitant may affect the Death Benefit (refer to Article 7, Death Benefits).
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