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 LNL. If the Owner is a non-natural person, the Annuitant may not be changed. The new Annuitant must be under the age of [91] as of the effective date of the change. Change of Annuitant may affect the Death Benefit (refer to Article 6, Death Benefit).
Appears in 2 contracts
Samples: Annuity Contract (Lincoln National Variable Annuity Account C), Annuity Contract (Lincoln National Variable Annuity Account H)
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 LNL. If the Owner is a non-non- natural person, the Annuitant may not be changed. The new Annuitant must be under the age of [91] as of the effective date of the change. Change of Annuitant may affect the Death Benefit (refer to Article 6, Death Benefit).
Appears in 2 contracts
Samples: Annuity Contract (Lincoln Life Variable Annuity Account W), Annuity Contract (Lincoln Life Variable Annuity Account N)
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 notifying LNL in writing of change to LNL. If the Owner is a non-natural person, the Annuitant may not be changedchange. The new Annuitant must be under the age of [91] as of the effective date of the change. Change of Annuitant may affect the Death Benefit (refer to Article 6, Death Benefit).
Appears in 1 contract
Samples: Annuity Contract (Lincoln Life Variable Annuity Account W)
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 LNL. If the Owner is a non-natural person, the Annuitant may not be changed. The new Annuitant must be under the age of [91] 91 as of the effective date of the change. Change of Annuitant may affect the Death Benefit (refer to Article 6, Death Benefit).
Appears in 1 contract
Samples: Annuity Contract (Lincoln Life Variable Annuity Account N)