VARIABLE ANNUITY AMENDMENT
This Amendment is made part of the Contract to which it is attached (this
Contract).
The following definition shall be added to ARTICLE 1:
1.33
PERSISTENCY CREDIT - The additional amount credited to this Contract by LNL
beginning three months after the 14/th/ anniversary of the Contract Date
and each subsequent three-month period thereafter. Persistency Credits are
not considered Purchase Payments.
The following provision shall be added to ARTICLE 2:
2.04 PERSISTENCY CREDIT
A Persistency Credit, if one is determined to be payable according to the
calculation described below, is paid into this Contract beginning three
months after the 14th anniversary of the Contract Date and at the end of
each subsequent three-month period thereafter. The amount of the
Persistency Credit is calculated by multiplying the Contract Value, less
any Purchase Payments that have not been invested in this Contract for a
minimum of 14 years, by the quarterly Persistency Credit percentage of
[0.05%].
No additional charge will be assessed for the Persistency Credit. The
Persistency Credit will be allocated to the Variable Sub-accounts and to
the Fixed Account of this Contract in proportion to the value in each
Variable Sub-account and in the Fixed Account at the time the Persistency
Credit is paid into this Contract. The Persistency Credits will purchase
Accumulation Units from the Variable Sub-accounts at the Accumulation Unit
values as of the Valuation Date the Persistency Credits are paid into this
Contract.
If, upon the death of the Owner, the surviving spouse elects to continue
this Contract as the new Owner, as described in Section 6.01 of this
Contract, the Persistency Credit will be paid into this Contract as though
the surviving spouse were the original Owner.
The following shall replace the language in part c.2. of the fourth paragraph of
Section 5.02:
c.2. from Earnings and Persistency Credits (if any) until exhausted; then
The Lincoln National Life Insurance Company
/s/ Xxxxx X. Xxxxxx
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Xxxxx X. Xxxxxx, Vice President
