Common use of VALUATION OF THE VARIABLE ACCOUNT ALLOCATIONS Clause in Contracts

VALUATION OF THE VARIABLE ACCOUNT ALLOCATIONS. The value of this Contract at any time prior to the Annuity Commencement Date is equal to the sum of the values allocated under this Contract to the Variable Sub-accounts. The value of the portion of this Contract allocated to a Variable Sub-account at any time prior to the Annuity Commencement Date is equal to the Accumulation Units credited under this Contract to a Variable Sub-account multiplied by the value of the Accumulation Unit for the respective Variable Sub-account. Accumulation Units for each Variable Sub-account are valued separately. Initially, the value of an Accumulation Unit was arbitrarily established at the inception of the Variable Sub-account. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. The Accumulation Unit value for a Variable Sub-account for any later Valuation Period is determined as follows: a. the total value of Fund shares held in the Variable Sub-account is calculated by multiplying the number of Fund shares owned by the Variable Sub-account at the beginning of the Valuation Period by the Net Asset Value Per Share of the Fund at the end of the Valuation Period, and adding any dividend or other distribution of the Fund if an ex-dividend date occurs during the Valuation Period; minus b. the liabilities of the Variable Sub-account at the end of the Valuation Period (such liabilities include daily charges imposed on the Variable Sub- account and may include a charge or credit with respect to any taxes paid or reserved for by LNL that LNL determines as a result of the operation from the Variable Account); the result divided by c. the outstanding number of Accumulation Units in the Variable Sub-account at the beginning of the Valuation Period. The daily charge imposed on a Variable Sub-account for any Valuation Period represents the daily mortality and expense risk charge and the daily administrative charge adjusted for the number of calendar days in the Valuation Period. On an annual basis, this daily charge will not exceed the level as determined by the Death Benefit option (see Section 5.01) in effect: for any Valuation Period the Account Value Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.35% of the average daily net assets of the Variable Sub-account; for any Valuation Period the Return of Premium Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.40% of the average daily net assets of the Variable Sub-account; for any Valuation Period the Annual Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.50% of the average daily net assets of the Variable Sub-account; for any Valuation Period the 5% Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.65% of the average daily net assets of the Variable Sub-account. The Accumulation Unit value may increase or decrease the dollar value of benefits under the Contract. Expenses incurred by LNL will not adversely affect the dollar value of benefits.

VALUATION OF THE VARIABLE ACCOUNT ALLOCATIONS. The value of the portion of this Contract allocated to the Variable Account at any time prior to the Annuity Commencement Date is equal to the sum of the values allocated under this Contract to the Variable Sub-accounts. The value of the portion of this Contract allocated to a Variable Sub-account at any time prior to the Annuity Commencement Date is equal to the Accumulation Units credited under this Contract to a Variable Sub-account multiplied by the value of the Accumulation Unit for the respective Variable Sub-account. Accumulation Units for each Variable Sub-account are valued separately. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. Initially, the value of an Accumulation Unit was arbitrarily established at the inception of the Variable Sub-account. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. The Accumulation Unit value for a Variable Sub-account for any later Valuation Period is determined as follows: a. the total value of Fund shares held in the Variable Sub-account is calculated by multiplying the number of Fund shares owned by the Variable Sub-account at the beginning of the Valuation Period by the Net Asset Value Per Share of the Fund at the end of the Valuation Period, and adding any dividend or other distribution of the Fund if an ex-dividend date occurs during the Valuation Period; minus b. the liabilities of the Variable Sub-account at the end of the Valuation Period (such liabilities include daily charges imposed on the Variable Sub- Sub-account and may include a charge or credit with respect to any taxes paid or reserved for by LNL that LNL determines as a result of the operation from the Variable Account); the result divided by c. the outstanding number of Accumulation Units in the Variable Sub-Sub- account at the beginning of the Valuation Period. The daily charge imposed on a Variable Sub-account for any Valuation Period represents the daily mortality and expense risk charge and the daily administrative charge adjusted for the number of calendar days in the Valuation Period. On an annual basis, this daily charge will not exceed the level as determined by the Death Benefit option (see Section 5.016.01) in effect: for any Valuation Period the Account Value Enhanced Guaranteed Minimum Death Benefit (EGMDB) is in effect, on an annual basis the daily charge will not exceed 1.35% [1.65%] of the average daily net assets of the Variable Sub-account; for any Valuation Period the Return Guarantee of Premium Principal Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.40% [1.55%] of the average daily net assets of the Variable Sub-account; for . For any Valuation Period on or after the Annual Step-up Death Benefit is in effectAnnuity Commencement Date, on an annual basis the daily charge will not exceed 1.50% of the average daily net assets of the Variable Sub-account; for any Valuation Period the 5% Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.65% [1.25%] of the average daily net assets of the Variable Sub-account. The Accumulation Unit value may increase or decrease the dollar value of benefits under the Contract. Expenses incurred by LNL will not adversely affect the dollar value of benefits.

VALUATION OF THE VARIABLE ACCOUNT ALLOCATIONS. The value of the portion of this Contract allocated to the Variable Account at any time prior to the Annuity Commencement Date is equal to the sum of the values allocated under this Contract to the Variable Sub-accounts. The value of the portion of this Contract allocated to a Variable Sub-account at any time prior to the Annuity Commencement Date is equal to the Accumulation Units credited under this Contract to a Variable Sub-account multiplied by the value of the Accumulation Unit for the respective Variable Sub-account. Accumulation Units for each Variable Sub-account are valued separately. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. Initially, the value of an Accumulation Unit was arbitrarily established at the inception of the Variable Sub-account. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. The Accumulation Unit value for a Variable Sub-account for any later Valuation Period is determined as follows: a. the total value of Fund shares held in the Variable Sub-account is calculated by multiplying the number of Fund shares owned by the Variable Sub-account at the beginning of the Valuation Period by the Net Asset Value Per Share of the Fund at the end of the Valuation Period, and adding any dividend or other distribution of the Fund if an ex-dividend date occurs during the Valuation Period; minus b. the liabilities of the Variable Sub-account at the end of the Valuation Period (such liabilities include daily charges imposed on the Variable Sub- account and may include a charge or credit with respect to any taxes paid or reserved for by LNL that LNL determines as a result of the operation from the Variable Account); the result divided by c. the outstanding number of Accumulation Units in the Variable Sub-account at the beginning of the Valuation Period. The daily charge imposed on a Variable Sub-account for any Valuation Period represents the daily mortality and expense risk charge and the daily administrative charge adjusted for the number of calendar days in the Valuation Period. On an annual basis, this daily charge will not exceed the level as determined by the Death Benefit option (see Section 5.016.01) in effect: for any Valuation Period the Account Value Enhanced Guaranteed Minimum Death Benefit (EGMDB) is in effect, on an annual basis the daily charge will not exceed 1.35% [1.60%] of the average daily net assets of the Variable Sub-account; for any Valuation Period the Return Guarantee of Premium Principal Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.40% [1.50%] of the average daily net assets of the Variable Sub-account; for . For any Valuation Period on or after the Annual Step-up Death Benefit is in effectAnnuity Commencement Date, on an annual basis the daily charge will not exceed 1.50% of the average daily net assets of the Variable Sub-account; for any Valuation Period the 5% Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.65% [1.40%] of the average daily net assets of the Variable Sub-account. The Accumulation Unit value may increase or decrease the dollar value of benefits under the Contract. Expenses incurred by LNL will not adversely affect the dollar value of benefits.

VALUATION OF THE VARIABLE ACCOUNT ALLOCATIONS. The value of the portion of this Contract allocated to the Variable Account at any time prior to the Annuity Commencement Date is equal to the sum of the values allocated under this Contract to the Variable Sub-accountsSubaccounts. The value of the portion of this Contract allocated to a Variable Sub-account at any time prior to the Annuity Commencement Date is equal to the Accumulation Units credited under this Contract to a Variable Sub-account multiplied by the value of the Accumulation Unit for the respective Variable Sub-account. Accumulation Units for each Variable Sub-account are valued separately. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. Initially, the value of an Accumulation Unit was arbitrarily established at the inception of the Variable Sub-account. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. The Accumulation Unit value for a Variable Sub-account for any later Valuation Period is determined as follows: a. the total value of Fund shares held in the Variable Sub-account is calculated by multiplying the number of Fund shares owned by the Variable Sub-account at the beginning of the Valuation Period by the Net Asset Value Per Share of the Fund at the end of the Valuation Period, and adding any dividend or other distribution of the Fund if an ex-dividend date occurs during the Valuation Period; minus b. the liabilities of the Variable Sub-account at the end of the Valuation Period (such liabilities include daily charges imposed on the Variable Sub- Sub-account and may include a charge or credit with respect to any taxes paid or reserved for by LNL that LNL determines as a result of the operation from the Variable Account); the result divided by c. the outstanding number of Accumulation Units in the Variable Sub-Sub- account at the beginning of the Valuation Period. The daily charge imposed on a Variable Sub-account for any Valuation Period represents the daily mortality and expense risk charge and the daily administrative charge adjusted for the number of calendar days in the Valuation Period. On an annual basis, this daily charge will not exceed the level as determined by the Death Benefit option (see Section 5.016.01) in effect: for any Valuation Period the Account Value Enhanced Guaranteed Minimum Death Benefit (EGMDB) is in effect, on an annual basis the daily charge will not exceed 1.35% [1.65%] of the average daily net assets of the Variable Sub-account; . for any Valuation Period the Return of Premium Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.40% of the average daily net assets of the Variable Sub-account; for any Valuation Period the Annual [5%] Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.50% [1.80%] of the average daily net assets of the Variable Sub-account; for . For any Valuation Period on or after the 5% Step-up Death Benefit is in effectAnnuity Commencement Date, on an annual basis the daily charge will not exceed 1.65% [1.40%] of the average daily net assets of the Variable Sub-account. The Accumulation Unit value may increase or decrease the dollar value of benefits under the Contract. Expenses incurred by LNL will not adversely affect the dollar value of benefits.

VALUATION OF THE VARIABLE ACCOUNT ALLOCATIONS. The value of the portion of this Contract allocated to the Variable Account at any time prior to the Annuity Commencement Date is equal to the sum of the values allocated under this Contract to the Variable Sub-accounts. The value of the portion of this Contract allocated to a Variable Sub-account at any time prior to the Annuity Commencement Date is equal to the Accumulation Units credited under this Contract to a Variable Sub-account multiplied by the value of the Accumulation Unit for the respective Variable Sub-account. Accumulation Units for each Variable Sub-account are valued separately. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. Initially, the value of an Accumulation Unit was arbitrarily established at the inception of the Variable Sub-account. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. The Accumulation Unit value for a Variable Sub-account for any later Valuation Period is determined as follows:; a. the total value of Fund shares held in the Variable Sub-account is calculated by multiplying the number of Fund shares owned by the Variable Sub-account at the beginning of the Valuation Period by the Net Asset Value Per Share of the Fund at the end of the Valuation Period, and adding any dividend or other distribution of the Fund if an ex-dividend date occurs during the Valuation Period; minus b. the liabilities of the Variable Sub-account at the end of the Valuation Period (such liabilities include daily charges imposed on the Variable Sub- Sub-account and may include a charge or credit with respect to any taxes paid or reserved for by LNL that LNL determines as is a result of the operation from of the Variable Account); the result divided by c. the outstanding number of Accumulation Units in the Variable Sub-account at the beginning of the Valuation Period. The daily charge imposed on a Variable Sub-account for any Valuation Period represents the daily mortality and expense risk charge and the daily administrative charge adjusted for the number of calendar days in the Valuation Period. On an annual basis, this daily charge will not exceed the level as determined by the Death Benefit option (see Section 5.016.01) in effect: for any Valuation Period the Account Value Enhanced Guaranteed Minimum Death Benefit (EGMDB) is in effect, on an annual basis the daily charge will not exceed 1.35% of the average daily net assets of the Variable Sub-account; for any Valuation Period the Return of Premium Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.40% of the average daily net assets of the Variable Sub-account; for any Valuation Period the Annual Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.501.60% of the average daily net assets of the Variable Sub-account; for any Valuation Period the 5% Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.651.75% of the average daily net assets of the Variable Sub-account. For any Valuation Period on or after the Annuity Commencement Date, on an annual basis the daily charge will not exceed 1.40% of the average daily net assets of the Variable Sub-account. The Accumulation Unit value may increase or decrease the dollar value of benefits under the Contract. Expenses incurred by LNL will not adversely affect the dollar value of benefits.

VALUATION OF THE VARIABLE ACCOUNT ALLOCATIONS. The value of the portion of this Contract allocated to the Variable Account at any time prior to the Annuity Commencement Date is equal to the sum of the values allocated under this Contract to the Variable Sub-accounts. The value of the portion of this Contract allocated to a Variable Sub-account at any time prior to the Annuity Commencement Date is equal to the Accumulation Units credited under this Contract to a Variable Sub-account multiplied by the value of the Accumulation Unit for the respective Variable Sub-account. Accumulation Units for each Variable Sub-account are valued separately. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. Initially, the value of an Accumulation Unit was arbitrarily established at the inception of the Variable Sub-account. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. The Accumulation Unit value for a Variable Sub-account for any later Valuation Period is determined as follows: a. the total value of Fund shares held in the Variable Sub-account is calculated by multiplying the number of Fund shares owned by the Variable Sub-account at the beginning of the Valuation Period by the Net Asset Value Per Share of the Fund at the end of the Valuation Period, and adding any dividend or other distribution of the Fund if an ex-dividend date occurs during the Valuation Period; minus b. the liabilities of the Variable Sub-account at the end of the Valuation Period (such liabilities include daily charges imposed on the Variable Sub- Sub-account and may include a charge or credit with respect to any taxes paid or reserved for by LNL that LNL determines as a result of the operation from the Variable Account); the result divided by c. the outstanding number of Accumulation Units in the Variable Sub-Sub- account at the beginning of the Valuation Period. The daily charge imposed on a Variable Sub-account for any Valuation Period represents the daily mortality and expense risk charge and the daily administrative charge adjusted for the number of calendar days in the Valuation Period. On an annual basis, this daily charge will not exceed the level as determined by the Death Benefit option (see Section 5.016.01) in effect: for any Valuation Period the Account Value Enhanced Guaranteed Minimum Death Benefit (EGMDB) is in effect, on an annual basis the daily charge will not exceed 1.35% [1.60%] of the average daily net assets of the Variable Sub-account; . for any Valuation Period the Return of Premium Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.40% of the average daily net assets of the Variable Sub-account; for any Valuation Period the Annual [5%] Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.50% [1.75%] of the average daily net assets of the Variable Sub-account; for . For any Valuation Period on or after the 5% Step-up Death Benefit is in effectAnnuity Commencement Date, on an annual basis the daily charge will not exceed 1.65% [1.40%] of the average daily net assets of the Variable Sub-account. The Accumulation Unit value may increase or decrease the dollar value of benefits under the Contract. Expenses incurred by LNL will not adversely affect the dollar value of benefits.

VALUATION OF THE VARIABLE ACCOUNT ALLOCATIONS. The value of the portion of this Contract allocated to the Variable Account at any time prior to the Annuity Commencement Date is equal to the sum of the values allocated under this Contract to the Variable Sub-accounts. The value of the portion of this Contract allocated to a Variable Sub-account at any time prior to the Annuity Commencement Date is equal to the Accumulation Units credited under this Contract to a Variable Sub-account multiplied by the value of the Accumulation Unit for the respective Variable Sub-account. Accumulation Units for each Variable Sub-account are valued separately. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. Initially, the value of an Accumulation Unit was arbitrarily established at the inception of the Variable Sub-account. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. The Accumulation Unit value for a Variable Sub-account for any later Valuation Period is determined as follows: a. the total value of Fund shares held in the Variable Sub-account is calculated by multiplying the number of Fund shares owned by the Variable Sub-account at the beginning of the Valuation Period by the Net Asset Value Per Share of the Fund at the end of the Valuation Period, and adding any dividend or other distribution of the Fund if an ex-dividend date occurs during the Valuation Period; minusminus Form 30422 Page 7 b. the liabilities of the Variable Sub-account at the end of the Valuation Period (such liabilities include daily charges imposed on the Variable Sub- Sub-account and may include a charge or credit with respect to any taxes paid or reserved for by LNL that LNL determines as is a result of the operation from of the Variable Account); the result divided by c. the outstanding number of Accumulation Units in the Variable Sub-Sub- account at the beginning of the Valuation Period. The daily charge imposed on a Variable Sub-account for any Valuation Period represents the daily mortality and expense risk charge and the daily administrative charge adjusted for the number of calendar days in the Valuation Period. On an annual basis, this daily charge will not exceed the level as determined by the Death Benefit option (see Section 5.01) in effect: for any Valuation Period the Account Value Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.35% of the average daily net assets of the Variable Sub-account; for any Valuation Period the Return of Premium Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.40% of the average daily net assets of the Variable Sub-account; for . For any Valuation Period on or after the Annual Step-up Death Benefit is in effectAnnuity Commencement Date, on an annual basis the daily charge will not exceed 1.50% of the average daily net assets of the Variable Sub-account; for any Valuation Period the 5% Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.651.40% of the average daily net assets of the Variable Sub-account. The Accumulation Unit value may increase or decrease the dollar value of benefits under the Contract. Expenses incurred by LNL will not adversely affect the dollar value of benefits.

VALUATION OF THE VARIABLE ACCOUNT ALLOCATIONS. The value of the portion of this Contract allocated to the Variable Account at any time prior to the Annuity Commencement Date is equal to the sum of the values allocated under this Contract to the Variable Sub-accounts. The value of the portion of this Contract allocated to a Variable Sub-account at any time prior to the Annuity Commencement Date is equal to the Accumulation Units credited under this Contract to a Variable Sub-account multiplied by the value of the Accumulation Unit for the respective Variable Sub-account. Accumulation Units for each Variable Sub-account are valued separately. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. Initially, the value of an Accumulation Unit was arbitrarily established at the inception of the Variable Sub-account. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. The Accumulation Unit value for a Variable Sub-account for any later Valuation Period is determined as follows: a. the total value of Fund shares held in the Variable Sub-account is calculated by multiplying the number of Fund shares owned by the Variable Sub-account at the beginning of the Valuation Period by the Net Asset Value Per Share of the Fund at the end of the Valuation Period, and adding any dividend or other distribution of the Fund if an ex-dividend date occurs during the Valuation Period; minus b. the liabilities of the Variable Sub-account at the end of the Valuation Period (such liabilities include daily charges imposed on the Variable Sub- account and may include a charge or credit with respect to any taxes paid or reserved for by LNL LNY that LNL LNY determines as is a result of the operation from of the Variable Account); the result divided by c. the outstanding number of Accumulation Units in the Variable Sub-account at the beginning of the Valuation Period. The daily charge imposed on a Variable Sub-account for any Valuation Period represents the daily mortality and expense risk charge and the daily administrative charge adjusted for the number of calendar days in the Valuation Period. On an annual basis, this daily charge will not exceed the level as levels determined by the Death Benefit option (see Section 5.016.01) in effect: for any Valuation Period the Account Value Enhanced Guaranteed Minimum Death Benefit (EGMDB) is in effect, on an annual basis the daily charge will not exceed 1.351.65% of the average daily net assets of the Variable Sub-account; for any Valuation Period the Return Guarantee of Premium Principal Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.401.55% of the average daily net assets of the Variable Sub-account; for . For any Valuation Period on or after the Annual Step-up Death Benefit is in effectAnnuity Commencement Date, on an annual basis the daily charge will not exceed 1.50% of the average daily net assets of the Variable Sub-account; for any Valuation Period the 5% Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.651.40% of the average daily net assets of the Variable Sub-account. The Accumulation Unit value may increase or decrease the dollar value of benefits under the Contract. Expenses incurred by LNL LNY will not adversely affect the dollar value of benefits.

VALUATION OF THE VARIABLE ACCOUNT ALLOCATIONS. The value of the portion of this Contract allocated to the Variable Account at any time prior to the Annuity Commencement Date is equal to the sum of the values allocated under this Contract to the Variable Sub-accounts. The value of the portion of this Contract allocated to a Variable Sub-account at any time prior to the Annuity Commencement Date is equal to the Accumulation Units credited under this Contract to a Variable Sub-account multiplied by the value of the Accumulation Unit for the respective Variable Sub-account. Accumulation Units for each Variable Sub-account are valued separately. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. Initially, the value of an Accumulation Unit was arbitrarily established at the inception of the Variable Sub-account. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. The Accumulation Unit value for a Variable Sub-account for any later Valuation Period is determined as follows: a. the total value of Fund shares held in the Variable Sub-account is calculated by multiplying the number of Fund shares owned by the Variable Sub-account at the beginning of the Valuation Period by the Net Asset Value Per Share of the Fund at the end of the Valuation Period, and adding any dividend or other distribution of the Fund if an ex-dividend date occurs during the Valuation Period; minus b. the liabilities of the Variable Sub-account at the end of the Valuation Period (such liabilities include daily charges imposed on the Variable Sub- account and may include a charge or credit with respect to any taxes paid or reserved for by LNL LNY that LNL LNY determines as a result of the operation from the Variable Account); the result divided by c. the outstanding number of Accumulation Units in the Variable Sub-account at the beginning of the Valuation Period. The daily charge imposed on a Variable Sub-account for any Valuation Period represents the daily mortality and expense risk charge and the daily administrative charge adjusted for the number of calendar days in the Valuation Period. On an annual basis, this daily charge will not exceed the level as determined by the Death Benefit option (see Section 5.01) in effect: for any Valuation Period the Account Value Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.351.65% of the average daily net assets of the Variable Sub-account; for . For any Valuation Period on or after the Return of Premium Death Benefit is in effectAnnuity Commencement Date, on an annual basis the daily charge will not exceed 1.40% of the average daily net assets of the Variable Sub-account; for any Valuation Period the Annual Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.50% of the average daily net assets of the Variable Sub-account; for any Valuation Period the 5% Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.65% of the average daily net assets of the Variable Sub-account. The Accumulation Unit value may increase or decrease the dollar value of benefits under the Contract. Expenses incurred by LNL LNY will not adversely affect the dollar value of benefits.

VALUATION OF THE VARIABLE ACCOUNT ALLOCATIONS. The value of the portion of this Contract allocated to the Variable Account at any time prior to the Annuity Commencement Date is equal to the sum of the values allocated under this Contract to the Variable Sub-accounts. The value of the portion of this Contract allocated to a Variable Sub-account at any time prior to the Annuity Commencement Date is equal to the Accumulation Units credited under this Contract to a Variable Sub-account multiplied by the value of the Accumulation Unit for the respective Variable Sub-account. Accumulation Units for each Variable Sub-account are valued separately. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. Initially, the value of an Accumulation Unit was arbitrarily established at the inception of the Variable Sub-account. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. The Accumulation Unit value for a Variable Sub-account for any later Valuation Period is determined as follows: a. the total value of Fund shares held in the Variable Sub-account is calculated by multiplying the number of Fund shares owned by the Variable Sub-account at the beginning of the Valuation Period by the Net Asset Value Per Share of the Fund at the end of the Valuation Period, and adding any dividend or other distribution of the Fund if an ex-dividend date occurs during the Valuation Period; minus b. the liabilities of the Variable Sub-account at the end of the Valuation Period (such liabilities include daily charges imposed on the Variable Sub- Sub-account and may include a charge or credit with respect to any taxes paid or reserved for by LNL that LNL determines as is a result of the operation from of the Variable Account); the result divided by c. the outstanding number of Accumulation Units in the Variable Sub-Sub- account at the beginning of the Valuation Period. The daily charge imposed on a Variable Sub-account for any Valuation Period represents the daily mortality and expense risk charge and the daily administrative charge adjusted for the number of calendar days in the Valuation Period. On an annual basis, this daily charge will not exceed the level as determined by the Death Benefit option (see Section 5.01) in effect: for any Valuation Period the Account Value Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.351.45% of the average daily net assets of the Variable Sub-account; for . For any Valuation Period on or after the Return of Premium Death Benefit is in effectAnnuity Commencement Date, on an annual basis the daily charge will not exceed 1.40% of the average daily net assets of the Variable Sub-account; for any Valuation Period the Annual Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.50% of the average daily net assets of the Variable Sub-account; for any Valuation Period the 5% Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.651.45% of the average daily net assets of the Variable Sub-account. The Accumulation Unit value may increase or decrease the dollar value of benefits under the Contract. Expenses incurred by LNL will not adversely affect the dollar value of benefits.

VALUATION OF THE VARIABLE ACCOUNT ALLOCATIONS. The value of the portion of this Contract allocated to the Variable Account at any time prior to the Annuity Commencement Date is equal to the sum of the values allocated under this Contract to the Variable Sub-accounts. The value of the portion of this Contract allocated to a Variable Sub-account at any time prior to the Annuity Commencement Date is equal to the Accumulation Units credited under this Contract to a Variable SubForm 30296-account NY 8 multiplied by the value of the Accumulation Unit for the respective Variable Sub-account. Accumulation Units for each Variable Sub-account are valued separately. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. Initially, the value of an Accumulation Unit was arbitrarily established at the inception of the Variable Sub-account. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. The Accumulation Unit value for a Variable Sub-account for any later Valuation Period is determined as follows: a. the total value of Fund shares held in the Variable Sub-account is calculated by multiplying the number of Fund shares owned by the Variable Sub-account at the beginning of the Valuation Period by the Net Asset Value Per Share of the Fund at the end of the Valuation Period, and adding any dividend or other distribution of the Fund if an ex-dividend date occurs during the Valuation Period; minus b. the liabilities of the Variable Sub-account at the end of the Valuation Period (such liabilities include daily charges imposed on the Variable Sub- account and may include a charge or credit with respect to any taxes paid or reserved for by LNL LNY that LNL LNY determines as a result of the operation from the Variable Account); the result divided by c. the outstanding number of Accumulation Units in the Variable Sub-account at the beginning of the Valuation Period. The daily charge imposed on a Variable Sub-account for any Valuation Period represents the daily mortality and expense risk charge and the daily administrative charge adjusted for the number of calendar days in the Valuation Period. On an annual basis, this daily charge will not exceed the level as levels determined by the Death Benefit option (see Section 5.016.01) in effect: for any Valuation Period the Account Value Enhanced Guaranteed Minimum Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.35% of the average daily net assets of the Variable Sub-account; for any Valuation Period the Return of Premium Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.40% of the average daily net assets of the Variable Sub-account; for any Valuation Period the Annual Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.50% of the average daily net assets of the Variable Sub-account; for any Valuation Period the 5% Step-up Death Benefit (EGMDB) is in effect, on an annual basis the daily charge will not exceed 1.65% of the average daily net assets of the Variable Sub-account. For any Valuation Period on or after the Annuity Commencement Date, on an annual basis the daily charge will not exceed 1.40% of the average daily net assets of the Variable Sub-account. The Accumulation Unit value may increase or decrease the dollar value of benefits under the Contract. Expenses incurred by LNL LNY will not adversely affect the dollar value of benefits.

VALUATION OF THE VARIABLE ACCOUNT ALLOCATIONS. The value of the portion of this Contract allocated to the Variable Account at any time prior to the Annuity Commencement Date is equal to the sum of the values allocated under this Contract to the Variable Sub-accounts. The value of the portion of this Contract allocated to a Variable Sub-account at any time prior to the Annuity Commencement Date is equal to the Accumulation Units credited under this Contract to a Variable Sub-account multiplied by the value of the Accumulation Unit for the respective Variable Sub-account. Accumulation Units for each Variable Sub-account are valued separately. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. Initially, the value of an Accumulation Unit was arbitrarily established at the inception of the Variable Sub-account. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. The Accumulation Unit value for a Variable Sub-account for any later Valuation Period is determined as follows: a. the total value of Fund shares held in the Variable Sub-account is calculated by multiplying the number of Fund shares owned by the Variable Sub-account at the beginning of the Valuation Period by the Net Asset Value Per Share of the Fund at the end of the Valuation Period, and adding any dividend or other distribution of the Fund if an ex-dividend date occurs during the Valuation Period; minus b. the liabilities of the Variable Sub-account at the end of the Valuation Period (such liabilities include daily charges imposed on the Variable Sub- account and may include a charge or credit with respect to any taxes paid or reserved for by LNL that LNL determines as is a result of the operation from of the Variable Account); the result divided by c. the outstanding number of Accumulation Units in the Variable Sub-account at the beginning of the Valuation Period. The daily charge imposed on a Variable Sub-account for any Valuation Period represents the daily mortality and expense risk charge and the daily administrative charge adjusted for the number of calendar days in the Valuation Period. On an annual basis, this daily charge will not exceed the level as determined by the Death Benefit option (see Section 5.016.01) in effect: for any Valuation Period the Account Value Enhanced Guaranteed Minimum Death Benefit (EGMDB) is in effect, on an annual basis the daily charge will not exceed 1.35% [1.60%] of the average daily net assets of the Variable Sub-account; for any Valuation Period the Return Guarantee of Premium Principal Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.40% [1.50%] of the average daily net assets of the Variable Sub-account; for . For any Valuation Period on or after the Annual Step-up Death Benefit is in effectAnnuity Commencement Date, on an annual basis the daily charge will not exceed 1.50% of the average daily net assets of the Variable Sub-account; for any Valuation Period the 5% Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.65% [1.40%] of the average daily net assets of the Variable Sub-account. The Accumulation Unit value may increase or decrease the dollar value of benefits under the Contract. Expenses incurred by LNL will not adversely affect the dollar value of benefits.

VALUATION OF THE VARIABLE ACCOUNT ALLOCATIONS. The value of the portion of this Contract allocated to the Variable Account at any time prior to the Annuity Commencement Date is equal to the sum of the values allocated under this Contract to the Variable Sub-accounts. The value of the portion of this Contract allocated to a Variable Sub-account at any time prior to the Annuity Commencement Date is equal to the Accumulation Units credited under this Contract to a Variable Sub-account multiplied by the value of the Accumulation Unit for the respective Variable Sub-account. Accumulation Units for each Variable Sub-account are valued separately. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. Initially, the value of an Accumulation Unit was arbitrarily established at the inception of the Variable Sub-account. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. The Accumulation Unit value for a Variable Sub-account for any later Valuation Period is determined as follows: a. the total value of Fund shares held in the Variable Sub-account is calculated by multiplying the number of Fund shares owned by the Variable Sub-account at the beginning of the Valuation Period by the Net Asset Value Per Share of the Fund at the end of the Valuation Period, and adding any dividend or other distribution of the Fund if an ex-dividend date occurs during the Valuation Period; minus b. the liabilities of the Variable Sub-account at the end of the Valuation Period (such liabilities include daily charges imposed on the Variable Sub- Sub-account and may include a charge or credit with respect to any taxes paid or reserved for by LNL LNY that LNL LNY determines as is a result of the operation from of the Variable Account); the result divided by c. the outstanding number of Accumulation Units in the Variable Sub-Sub- account at the beginning of the Valuation Period. The daily charge imposed on a Variable Sub-account for any Valuation Period represents the daily mortality and expense risk charge and the daily administrative charge adjusted for the number of calendar days in the Valuation Period. On an annual basis, this daily charge will not exceed the level as levels determined by the Death Benefit option (see Section 5.016.01) in effect: for any Valuation Period the Account Value Enhanced Guaranteed Minimum Death Benefit (EGMDB) is in effect, on an annual basis the daily charge will not exceed 1.351.65% of the average daily net assets of the Variable Sub-account; for any Valuation Period the Return Guarantee of Premium Principal Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.401.55% of the average daily net assets of the Variable Sub-account; for . For any Valuation Period on or after the Annual Step-up Death Benefit is in effectAnnuity Commencement Date, on an annual basis the daily charge will not exceed 1.50% of the average daily net assets of the Variable Sub-account; for any Valuation Period the 5% Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.651.40% of the average daily net assets of the Variable Sub-account. The Accumulation Unit value may increase or decrease the dollar value of benefits under the Contract. Expenses incurred by LNL LNY will not adversely affect the dollar value of benefits.

VALUATION OF THE VARIABLE ACCOUNT ALLOCATIONS. The value of the portion of this Contract allocated to the Variable Account at any time prior to the Annuity Commencement Date is equal to the sum of the values allocated under this Contract to the Variable Sub-accounts. The value of the portion of this Contract allocated to a Variable Sub-account at any time prior to the Annuity Commencement Date is equal to the Accumulation Units credited under this Contract to a Variable Sub-account multiplied by the value of the Accumulation Unit for the respective Variable Sub-account. Accumulation Units for each Variable Sub-account are valued separately. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. Initially, the value of an Accumulation Unit was arbitrarily established at the inception of the Variable Sub-account. The value of a Variable Sub-account Accumulation Unit may increase or decrease from Valuation Period to Valuation Period. The Accumulation Unit value for a Variable Sub-account for any later Valuation Period is determined as follows: a. the total value of Fund shares held in the Variable Sub-account is calculated by multiplying the number of Fund shares owned by the Variable Sub-account at the beginning of the Valuation Period by the Net Asset Value Per Share of the Fund at the end of the Valuation Period, and adding any dividend or other distribution of the Fund if an ex-dividend date occurs during the Valuation Period; minus b. the liabilities of the Variable Sub-account at the end of the Valuation Period (such liabilities include daily charges imposed on the Variable Sub- account and may include a charge or credit with respect to any taxes paid or reserved for by LNL that LNL determines as is a result of the operation from of the Variable Account); the result divided by c. the outstanding number of Accumulation Units in the Variable Sub-account at the beginning of the Valuation Period. The daily charge imposed on a Variable Sub-account for any Valuation Period represents the daily mortality and expense risk charge and the daily administrative charge adjusted for the number of calendar days in the Valuation Period. On an annual basis, this daily charge will not exceed the level as determined by the Death Benefit option (see Section 5.016.01) in effect: for any Valuation Period the Account Value Enhanced Guaranteed Minimum Death Benefit (EGMDB) is in effect, on an annual basis the daily charge will not exceed 1.35% [1.65%] of the average daily net assets of the Variable Sub-account; for any Valuation Period the Return Guarantee of Premium Principal Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.40% [1.55%] of the average daily net assets of the Variable Sub-account; for . For any Valuation Period on or after the Annual Step-up Death Benefit is in effectAnnuity Commencement Date, on an annual basis the daily charge will not exceed 1.50% of the average daily net assets of the Variable Sub-account; for any Valuation Period the 5% Step-up Death Benefit is in effect, on an annual basis the daily charge will not exceed 1.65% [1.40%] of the average daily net assets of the Variable Sub-account. The Accumulation Unit value may increase or decrease the dollar value of benefits under the Contract. Expenses incurred by LNL will not adversely affect the dollar value of benefits.