Common use of WITHDRAWAL OPTION Clause in Contracts

WITHDRAWAL OPTION. The Owner may withdraw a part of the 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 LNY receives a written request at its Servicing Office. The request may specify from which Sub-account the withdrawal will be made. If no Sub-account is specified, LNY will withdraw the amount requested on a pro- rata basis from each Variable Sub-account and/or DCA Fixed Account. Any payment from the Variable Account will be mailed from LNY's Servicing Office within seven days after the date of withdrawal; however, LNY may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time such request of withdrawal is received. 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 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 Servicing Office. The Withdrawal Option is not available after the Annuity Commencement Date. A partial withdrawal will result in a proportional reduction in any Death Benefit payable under this Contract.

WITHDRAWAL OPTION. The Owner may withdraw a part of the 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 LNY LNL receives a written request at its Servicing Home Office. The request may specify from which Sub-account the withdrawal will be made. If no Sub-account is specified, LNY LNL will withdraw the amount requested on a pro- rata basis from each Variable Sub-account and/or DCA Fixed Account. Any payment from the Variable Account will be mailed from LNYLNL's Servicing Home Office within seven days after the date of withdrawal; however, LNY LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time such request of withdrawal is received. 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 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 Servicing Home Office. The Withdrawal Option is not available after the Annuity Commencement Date. A partial withdrawal will result in a proportional reduction in any Death Benefit payable under this Contract.

WITHDRAWAL OPTION. The Owner may withdraw a part of the 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 LNY receives a written request at its Servicing Office. The request may specify from which Sub-account the withdrawal will be made. If no Sub-account is specified, LNY will withdraw the amount requested on a pro- pro-rata basis from each Variable Sub-account and/or DCA Fixed Account. Any payment from the Variable Account will be mailed from LNY's Servicing Office within seven days after the date of withdrawal; however, LNY may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time such request of withdrawal is received. 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 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 Servicing Office. The Withdrawal Option is not available after the Annuity Commencement Date. A partial withdrawal will result in a proportional reduction in any Death Benefit payable under this Contract.

WITHDRAWAL OPTION. The Owner may withdraw a part of the Contract Value at any time prior Prior to the earlier of: a. the Annuity Commencement Date; b. termination of this the 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 LNY receives Owner may withdraw a written request at its Servicing Officepart of the Account Value. The request may specify from which Sub-account the withdrawal will be made. If no Sub-account is specified, LNY LNL will withdraw the amount requested on a pro- pro-rata basis from each Variable Sub-account and/or DCA Fixed Accountaccount. Any cash payment from the Variable Account will be mailed from LNYLNL's Servicing Home Office within seven days after the date of withdrawal; however, LNY LNL may be permitted to defer such payment under the Investment Company Act of 1940, as in effect at the time such request of withdrawal is received. 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 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 Servicing Home Office. The valuation of Accumulation Units is described in Section 3.02. The minimum withdrawal is $300. LNL reserves the right to surrender this Contract if any withdrawal reduces the total Account 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, for individual deferred annuities. The Withdrawal Option is not available after the Annuity Commencement Date. A partial withdrawal will result in a proportional reduction in any Death Benefit payable under this Contract.