Common use of WITHDRAWAL OPTION Clause in Contracts

WITHDRAWAL OPTION. The Owner may withdraw a part of the surrender value of this Contract at any time prior to the earlier of: a. the Annuity Commencement Date; b. termination of this Contract upon payment of any Death Benefit; c. surrender of this Contract; or d. the Maturity Date. The minimum withdrawal is $300. A withdrawal will be effective on the Valuation Date on which LNL receives a written request for withdrawal at its Home Office. The request may specify from which Sub-account the withdrawal will be made. If no Sub-account is specified, LNL will withdraw the amount requested on a pro- rata basis from each Variable Sub-account and/or Fixed Sub-account. Any payment from the Variable Account will be mailed from LNL's Home Office within seven days after the date of withdrawal; however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time such request for withdrawal is received at its Home Office. Any payment from the Fixed Account may be deferred for a period not to exceed six months after receipt of the withdrawal request. Withdrawals from a Variable Sub-account will result in the redemption of Accumulation Units from that Variable Sub-account. Such withdrawals will be accomplished at Accumulation Unit values as of the Valuation Date the withdrawal request is received in the Home Office. Withdrawals from a Fixed Sub-account will be subject to a Market Value Adjustment (as described in Section 4.06) unless the withdrawal is effective on the Expiration Date of the Guaranteed Period or at the death of the Owner, Joint Owner or Annuitant. If a request for a withdrawal from a Fixed Sub-account is received during the 60-day period immediately preceding the Expiration Date of that Guaranteed Period, the withdrawal will be effective as of the Expiration Date unless an immediate withdrawal is requested. If an immediate withdrawal is requested, the withdrawal request will occur on the Valuation Date the withdrawal is received in the Home Office. If a withdrawal request is received at any time other than during this 60-day period, the withdrawal will be accomplished as of the Valuation Date the withdrawal request is received in the Home Office. The Withdrawal Option is not available after the Annuity Commencement Date.

WITHDRAWAL OPTION. The Owner may withdraw a part of the surrender value of this Contract Value at any time prior to the earlier of: a. the Annuity Commencement Date; b. termination of this Contract upon payment of any Death Benefit; c. surrender of this Contract; or d. the Maturity Date. The minimum withdrawal is $300. A withdrawal will be effective on the Valuation Date on which LNL receives a written request for withdrawal at its Home Office. The request may specify from which Sub-account the withdrawal will be made. If no Sub-account is specified, LNL will withdraw the amount requested on a pro- rata basis from each Variable Sub-account and/or Fixed Sub-account. Any payment from the Variable Account will be mailed from LNL's Home Office within seven days after the date of withdrawal; however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time such request for withdrawal is received at in its Home Office. Any payment from the Fixed Account may be deferred for a period not to exceed six months after receipt of the withdrawal request. Withdrawals from a Variable Sub-account will result in the redemption of Accumulation Units from that Variable Sub-account. Such withdrawals will be accomplished at Accumulation Unit values as of the Valuation Date the withdrawal request is received in the Home Office. Withdrawals from a Fixed Sub-account will be subject to a Market Value Adjustment (as described in Section 4.06) unless the withdrawal is effective on the Expiration Date of the Guaranteed Period or at the death of the Owner, Joint Owner or Annuitant. If a request for a withdrawal from a Fixed Sub-account is received during the 60-day period immediately preceding the Expiration Date of that Guaranteed Period, the withdrawal will be effective as of the Expiration Date unless an immediate withdrawal is requested. If an immediate withdrawal is requested, the withdrawal request will occur on the Valuation Date the withdrawal is received in the Home Office. If a withdrawal request is received at any time other than during this 60-day period, the withdrawal will be accomplished as of the Valuation Date the withdrawal request is received in the Home Office. The minimum withdrawal is $300. LNL reserves the right to surrender this Contract if any withdrawal reduces the total Contract Value to a level at which this Contract may be surrendered in accordance with the terms set forth in the standard nonforfeiture law, applicable in your state in which this Contract was purchased, for individual deferred annuities. LNL may surrender the Contract for its surrender value. The Withdrawal Option is not available after the Annuity Commencement Date.

WITHDRAWAL OPTION. The Owner may withdraw a part of the surrender value of this Contract at any time prior to the earlier of: a. the Annuity Commencement Date; b. termination of this Contract upon payment of any Death Benefit; c. surrender of this Contract; or d. the Maturity Date. Withdrawals will be subject to the CDSC (see Sections 5.03 and 5.04). However, the Owner may withdraw up to the Free Amount during a Contract Year without incurring a CDSC. The remaining value will be subject to the charges as provided under CDSC (see Section 5.04). The Free Amount is equal to 15% of the total Purchase Payments, where the percentages are based upon the total Purchase Payments to the Contract at the time of the current withdrawal, to the extent that the sum of the percentages of the Purchase Payments withdrawn does not exceed this 15% maximum. The Free Amount does not apply to a surrender of this Contract. For purposes of calculating the CDSC on withdrawals, LNL assumes that: a. The Free Amount will be withdrawn from Purchase Payments on a "first in-first out" basis. b. Prior to the seventh anniversary of the Contract Date, any amount withdrawn above the Free Amount during a Contract Year will be withdrawn in the following order: 1. from Purchase Payments (FIFO) until exhausted; then 2. from Earnings until exhausted. c. On or after the seventh anniversary of the Contract Date, any amount withdrawn above the Free Amount during a Contract Year will be withdrawn in the following order: 1. from Purchase Payments (FIFO) to which a CDSC no longer applies until exhausted; then 2. from Earnings until exhausted; then 3. from Purchase Payments (FIFO) to which a CDSC still applies until exhausted. The minimum withdrawal is $300. A withdrawal will be effective on the Valuation Date on which LNL receives a written request for withdrawal at its Home Office. The request may specify from which Sub-account the withdrawal will be made. If no Sub-account is specified, LNL will withdraw the amount requested on a pro- rata basis from each Variable Sub-account and/or Fixed Sub-account. Any payment from the Variable Account will be mailed from LNL's Home Office within seven days after the date of withdrawal; however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time such request for withdrawal is received at its Home Office. Any payment from the Fixed Account may be deferred for a period not to exceed six months after receipt of the withdrawal request. Withdrawals from a Variable Sub-account will result in the redemption of Accumulation Units from that Variable Sub-account. Such withdrawals will be accomplished at Accumulation Unit values as of the Valuation Date the withdrawal request is received in the Home Office. Withdrawals from a Fixed Sub-account will be subject to a Market Value Adjustment (as described in Section 4.06) unless the withdrawal is effective on the Expiration Date of the Guaranteed Period or at the death of the Owner, Joint Owner or Annuitant. If a request for a withdrawal from a Fixed Sub-account is received during the 60-day period immediately preceding the Expiration Date of that Guaranteed Period, the withdrawal will be effective as of the Expiration Date unless an immediate withdrawal is requested. If an immediate withdrawal is requested, the withdrawal request will occur on the Valuation Date the withdrawal is received in the Home Office. If a withdrawal request is received at any time other than during this 60-day period, the withdrawal will be accomplished as of the Valuation Date the withdrawal request is received in the Home Office. The Withdrawal Option is not available after the Annuity Commencement Date.

WITHDRAWAL OPTION. The Owner may withdraw a part of the surrender value of this Contract Value at any time prior to the earlier of: a. the Annuity Commencement Date; b. termination of this Contract upon payment of any Death Benefit; c. surrender of this Contract; or d. the Maturity Date. The minimum withdrawal is $300. A withdrawal will be effective on the Valuation Date on which LNL LNY receives a written request for withdrawal at its Home Servicing Office. The request may specify from which Sub-account the withdrawal will be made. If no Sub-account is specified, LNL LNY will withdraw the amount requested on a pro- rata basis from each Variable Sub-account and/or Fixed Sub-account. Any payment from the Variable Account will be mailed from LNLLNY's Home Servicing Office within seven days after the date of withdrawal; however, LNL LNY may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time such request for withdrawal is received at its Home Servicing Office. Any payment from the Fixed Account may be deferred for a period not to exceed six months after receipt of the withdrawal request. Withdrawals from a Variable Sub-account will result in the redemption of Accumulation Units from that Variable Sub-account. Such withdrawals will be accomplished at Accumulation Unit values as of the Valuation Date the withdrawal request is received in the Home Servicing Office. Withdrawals from a Fixed Sub-account will be subject to a Market Value Adjustment (as described in Section 4.06) unless the withdrawal is effective on the Expiration Date of the Guaranteed Period or at the death of the Owner, Joint Owner or Annuitant. If a request for a withdrawal from a Fixed Sub-account is received during the 60-day period immediately preceding the Expiration Date of that Guaranteed Period, the withdrawal will be effective as of the Expiration Date unless an immediate withdrawal is requested. If an immediate withdrawal is requested, the withdrawal request will occur on the Valuation Date the withdrawal is received in the Home Servicing Office. If a withdrawal request is received at any time other than during this 60-day period, the withdrawal will be accomplished as of the Valuation Date the withdrawal request is received in the Home Servicing Office. The minimum withdrawal is $300. LNY reserves the right to surrender this Contract if any withdrawal reduces the total Contract Value to less than $2,000, and Purchase Payments have stopped for a period of three full years. By payment of the Contract Value, LNY shall be relieved of any further obligation under this Contract. A partial withdrawal will result in a proportional reduction in any Death Benefit payable under the Contract. The Withdrawal Option is not available after the Annuity Commencement Date.

WITHDRAWAL OPTION. The Owner may withdraw a part of the surrender value of this Contract Value at any time prior to the earlier of: a. the Annuity Commencement Date; b. termination of this Contract upon payment of any Death Benefit; c. surrender of this Contract; or d. the Maturity Date. The minimum withdrawal is $300. A withdrawal will be effective on the Valuation Date on which LNL receives a written request for withdrawal at its Home Office. The request may specify from which Sub-account the withdrawal will be made. If no Sub-account is specified, LNL will withdraw the amount requested on a pro- rata basis from each Variable Sub-account and/or DCA Fixed Sub-accountAccount. Any cash payment from the Variable Account will be mailed from LNL's Home Office within seven days after the date of withdrawal; however, LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time such request for of withdrawal is received at its Home Officereceived. Any payment from the DCA Fixed Account may be deferred for a period not to exceed six months after receipt of the withdrawal request. Withdrawals from a Variable Sub-account will result in the redemption of Accumulation Units from that this Variable Sub-account. Such withdrawals will be accomplished at Accumulation Unit values as of the Valuation Date the withdrawal request is received in the Home Office. Withdrawals from a Fixed Sub-account will be subject The minimum withdrawal is $300. LNL reserves the right to surrender this Contract if any withdrawal reduces the total Contract Value to a Market Value Adjustment (as described level at which this Contract may be surrendered in Section 4.06) unless accordance with the withdrawal is effective on the Expiration Date of the Guaranteed Period or at the death of the Owner, Joint Owner or Annuitant. If a request for a withdrawal from a Fixed Sub-account is received during the 60-day period immediately preceding the Expiration Date of that Guaranteed Period, the withdrawal will be effective as of the Expiration Date unless an immediate withdrawal is requested. If an immediate withdrawal is requested, the withdrawal request will occur on the Valuation Date the withdrawal is received terms set forth in the Home Office. If a withdrawal request is received at any time other than during this 60-day period, the withdrawal will be accomplished as of the Valuation Date the withdrawal request is received standard nonforfeiture law applicable in the Home Officestate in which this Contract was purchased, for individual deferred annuities. LNL may surrender the Contract for its surrender value. The Withdrawal Option is not available after the Annuity Commencement Date.

WITHDRAWAL OPTION. The Owner may withdraw a part of the surrender value of this Contract Value at any time prior to the earlier of: a. the Annuity Commencement Date; b. termination of this Contract upon payment of any Death Benefit; c. surrender of this Contract; oror Form 30296-NY 12 d. the Maturity Date. ; The minimum withdrawal is $300. A withdrawal will be effective on the Valuation Date on which LNL LNY receives a written request for withdrawal at its Home Servicing Office. The request may specify from which Sub-account the withdrawal will be made. If no Sub-account is specified, LNL LNY will withdraw the amount requested on a pro- rata basis from each Variable Sub-account and/or Fixed Sub-account. Any payment from the Variable Account will be mailed from LNLLNY's Home Servicing Office within seven days after the date of withdrawal; however, LNL LNY may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time such request for withdrawal is received at its Home Servicing Office. Any payment from the Fixed Account may be deferred for a period not to exceed six months after receipt of the withdrawal request. Withdrawals from a Variable Sub-account will result in the redemption of Accumulation Units from that Variable Sub-account. Such withdrawals will be accomplished at Accumulation Unit values as of the Valuation Date the withdrawal request is received in the Home Servicing Office. Withdrawals from a Fixed Sub-account will be subject to a Market Value Adjustment (as described in Section 4.06) unless the withdrawal is effective on the Expiration Date of the Guaranteed Period or at the death of the Owner, Joint Owner or Annuitant. If a request for a withdrawal from a Fixed Sub-account is received during the 60-day period immediately preceding the Expiration Date of that Guaranteed Period, the withdrawal will be effective as of the Expiration Date unless an immediate withdrawal is requested. If an immediate withdrawal is requested, the withdrawal request will occur on the Valuation Date the withdrawal is received in the Home Servicing Office. If a withdrawal request is received at any time other than during this 60-day period, the withdrawal will be accomplished as of the Valuation Date the withdrawal request is received in the Home Servicing Office. The minimum withdrawal is $300. LNY reserves the right to surrender this Contract if any withdrawal reduces the total Contract Value to less than $2,000, and Purchase Payments have stopped for a period of three full years. By payment of the Contract Value, LNY shall be relieved of any further obligation under this Contract. A partial withdrawal will result in a proportional reduction in any Death Benefit payable under the Contract. The Withdrawal Option is not available after the Annuity Commencement Date.