XXXX REFUND LIFE ANNUITY. Annuity Payments will be made for the lifetime of the Annuitant with the guarantee that upon death, if: 1. the total dollar amount applied to purchase this option is greater than; 2. the Annuity Payment multiplied by the number of annuity benefit payments paid prior to death; then a refund payment equal to the dollar amount of (1) minus (2) will be made. The refund payment will be paid upon Our approval, after We are in receipt of Due Proof of death and all claim forms fully completed.
Appears in 4 contracts
Samples: Individual Single Purchase Payment Index Linked Deferred Annuity Contract (Lincoln National Life Insurance Co /In/), Individual Single Purchase Payment Index Linked Deferred Annuity Contract (Lincoln National Life Insurance Co /In/), Indexed Link Deferred Annuity Contract (Lincoln National Life Insurance Co /In/)
XXXX REFUND LIFE ANNUITY. Fixed Annuity Payments will be made for the lifetime of the Annuitant with the guarantee that upon death, if:
1. the total dollar amount applied to purchase this option is greater than;
2. the Fixed Annuity Payment multiplied by the number of annuity benefit payments paid prior to death; then a refund payment equal to the dollar amount of (1) minus (2) will be made. The refund payment will be paid upon Our approval, after We are in receipt of Due Proof of death and all claim forms fully completed.
Appears in 2 contracts
Samples: Individual Single Purchase Payment Deferred Variable Annuity Contract (Lincoln National Variable Annuity Account C), Individual Single Purchase Payment Deferred Variable Annuity Contract (Lincoln National Variable Annuity Acct L)
