Common use of SURRENDER OPTION Clause in Contracts

SURRENDER OPTION. The Owner may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on the Valuation Date on which LNL receives a written request at its Home Office. The surrender value will be the value of all of the variable Accumulation Units attributable to this Contract plus the value of the DCA Fixed Account. Any cash payment will be mailed from LNL's Home Office within seven days after the date of surrender; however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received by LNL. The Surrender Option is not available after the Annuity Commencement Date.

SURRENDER OPTION. The Owner may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on the Valuation Date on which LNL receives a written request at its Home Office. The surrender value will be the value of all of total Contract Value on the variable Accumulation Units attributable to this Contract plus the value of the DCA Fixed AccountValuation Date, less a Contingent Deferred Sales Charge. Any cash payment will be mailed from LNL's Home Office within seven days after the date of surrender; however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received by LNLin its Home Office. The Surrender Option is not available after the Annuity Commencement Date.

SURRENDER OPTION. The Owner may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on the Valuation Date on which LNL receives a written request at its Home Office. The surrender value will be the value of all of the variable Accumulation Units attributable to this Contract plus the value of the Guaranteed Interest Account adjusted by any applicable Market Value Adjustments (see Section 2.12) and the value of the DCA Fixed Account. Any cash payment will be mailed from LNL's Home Office within seven days after the date of surrender; however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received by LNL. The Surrender Option is not available avail-able after the Annuity Commencement Commence-ment Date.

SURRENDER OPTION. The Owner may surrender this Contract for its surrender value. On surrender, this Contract terminates. Surrender will be effective on the Valuation Date on which LNL receives a written request at its Home OfficeOffice or a request through the Internet Service Center. The surrender value Contract Surrender Value will be the value of all of total Contract Value on the variable Accumulation Units attributable to this Contract plus the value of the DCA Fixed AccountValuation Date, less any Surrender Charge. Any cash payment Payment will be mailed from LNL's Home Office made within seven days after the date of surrender; however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time a request for surrender is received by LNLat its Home Office. The Surrender Option surrender option is not available after the Annuity Commencement Date.. Form 28977