VARIABLE ANNUITY AMENDMENT
Made a part of the Contract to which it is attached ("this Contract").
For purposes of this Amendment, Earnings shall be defined as the excess of the
Contract Value over Purchase Payments which have not yet been withdrawn from
this Contract.
The second sentence of the second paragraph of Section 2.11, Surrender Option,
shall be deleted.
The following shall replace the first three sentences of the first paragraph of
Section 2.12, WITHDRAWAL OPTION:
The Owner may withdraw a part of the surrender value of this Contract,
subject to the charges outlined under Surrender Option (see Section 2.11).
However, the Owner may withdraw up to the Free Amount once during a
Contract Year without incurring a Contingent Deferred Sales Charge (CDSC).
The Free Amount is equal to 10% of the total Purchase Payments.
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a. The Free Amount will be withdrawn from Purchase Payments on a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 (FIFO)" basis.
b. Any amount withdrawn above the Free Amount during a Contract Year
will be withdrawn in the following order:
1. from Purchase Payments (on a FIFO basis) to which a CDSC no
longer applies until exhausted; then
2. from Earnings until exhausted; then
3. from Purchase Payments (on a FIFO basis) to which a CDSC
still applies.
The Lincoln National Life Insurance Company
/s/ Xxxxxxxx Xxxxxxxx
Xxxxxxxx Xxxxxxxx, Second Vice President
[Effective Date: March 1, 2000]
