Amendment No. 15 to Fund Participation Agreement
Exhibit 8(b)(i-a)
Amendment No. 15 to Fund Participation Agreement
This Amendment No 15 (“Amendment”), dated as of January 21, 2020, is to the Fund Participation Agreement dated July 1, 2003, as amended (“Agreement”),
between THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (“Lincoln National”), a life insurance company organized under the laws of the State of Indiana, LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK ( “LNY”), a life insurance company organized under
the laws of the State of New York on behalf of itself and on behalf of the Separate Accounts as listed on Appendix B of the Agreement, and AMERICAN FUNDS INSURANCE SERIES (the “Series”), an open-end management investment company organized under the
laws of the Commonwealth of Massachusetts, and CAPITAL RESEARCH AND MANAGEMENT COMPANY (“CRMC”) a corporation organized under the laws of the State of Delaware. The term “Company” used in this Agreement refers to the respective undersigned life
insurance company whose products are being solicited and sold. Unless otherwise stated in this Agreement, any rights, obligations and liabilities of the undersigned companies are separate and distinct. All capitalized terms used herein and not
otherwise defined shall have the meaning ascribed to such term in the Agreement.
WHEREAS, Lincoln National, LNY, Series, and CRMC desire to amend the Agreement.
NOW, THERFORE, the Agreement is amended as follows:
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1.
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The second section in Section 5 is hereby deleted in its entirety and replaced by the following:
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Company agrees to give the Series and CRMC at least 30 days’ notice prior to adding any additional Funds as underlying investment options
to the Contracts.
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2.
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Section 20 is hereby deleted in its entirety and replaced by the following:
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All notices under this Agreement, unless otherwise specified in the Agreement shall be given in writing and delivered via overnight
delivery (postage prepaid, return receipt requested), facsimile transmission, electronic mail submission (including PDF) or registered or certified mail, as follows:
If to Lincoln National:
The Lincoln National Life Insurance Company
0000 Xxxxx Xxxxxxx Xxxxxx
Xx. Xxxxx, XX 00000
Attention: Risé X.X. Xxxxxx, vice President
Facsimile No.: (000) 000-0000
If to Lincoln New York:
Lincoln Life & Annuity Company of New York
c/o The Lincoln National Life Insurance Company
0000 Xxxxx Xxxxxxx Xxxxxx
Xx. Xxxxx, XX 00000
Attention: Risé X.X. Xxxxxx, vice President
Facsimile No.: (000) 000-0000
If to CRMC or to the Series:
Xxxxxxx Xxxxxxx
Capital Research and Management Company
000 Xxxxx Xxxx Xxxxxx
00xx Xxxxx
Xxx Xxxxxxx, XX 00000
email: Xxxxxxx_Xxxxxxx@xxxxxxxx.xxx
with a copy to:
Xxxxxxx X. Xxxxx
000 Xxxxx Xxxx Xxxxxx
00xx Xxxxx
Xxx Xxxxxxx, XX 00000
email: Xxxxx_Xxxxx@xxxxxxxx.xxx
And:
American Funds Service Company
Attn: Contract Administration
0000 Xxxxxxx Xxxx.
Xxx Xxxxxxx, XX 00000-0000
email: xxxxxxxx_xxxxx@xxxxxxxx.xxx
facsimile: 210/474-4088
3. Appendix B is hereby amended and replaced with the attached Appendix B.
4. Except as specifically set forth herein, all other
provisions of the Agreement shall remain in full force and effect.
(This section intentionally left blank.)
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
first written above.
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
By: /s/ Xxxxxx Xxxxxxxxxx
Name: Xxxxxx Xxxxxxxxxx
Title: Senior Vice President
LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK
By: /s/ Xxxxxx Xxxxxxxxxx
Name: Xxxxxx Xxxxxxxxxx
Title: Senior Vice President
AMERICAN FUNDS INSURANCE SERIES
By: /s/ Xxxxxx X. Xxxxxxxx
Name: Xxxxxx X. Xxxxxxxx
Title: Secretary
CAPITAL RESEARCH AND MANAGEMENT COMPANY
By: /s/ Xxxxxxx X. Xxxxxxx
Name: Xxxxxxx X. Xxxxxxx
Title: Senior Vice President
Appendix B
Effective January 21, 2020
American Legacy Variable Annuity**
American Legacy II Variable Annuity**
American Legacy III/(B Class) Variable Annuity*
American Legacy III C Share Variable Annuity*
American Legacy III Plus Variable Annuity*
American Legacy III View Variable Annuity*
American Legacy Shareholder’s Advantage/(A Class)*
American Legacy Design*
American Legacy Group
American Legacy Retirement Income Plan
American Legacy Life**
American Legacy Estate Builder
American Legacy Variable Life**
American Legacy VULDB II*
American Legacy VULDB IV*
American Legacy VULCV III*
American Legacy VULCV IV*
American Legacy SVUL III*
American Legacy SVUL IV*
American Legacy PreservationEdge SVUL*
American Legacy® Signature*
American Legacy® Series*
American Legacy® Target Date Advisory
American Legacy® Target Date B-Share
Lincoln VULONE * Elite
Lincoln VULONE 2010
Lincoln Momentum VULONE * Elite
Lincoln Momentum SVULONE * Elite
Lincoln VULCV*
Lincoln VULCV II*
Lincoln VULCV II Elite
Lincoln VULCV III* Elite
Lincoln VULCV IV* Elite
Lincoln VULDB*
Lincoln VULDB* Elite
Lincoln VULDB II* Elite
Lincoln VULDB IV* Elite
Lincoln VUL III**
Lincoln VUL MoneyGuard
Lincoln CVUL Series III*
Lincoln Corporate Variable 4*
Lincoln Corporate Variable 5*
Lincoln Corporate Variable Private Solution*
Lincoln VUL Flex Elite*
Lincoln SVUL Elite***
Lincoln SVUL IV Elite*
Lincoln VULone 2005 Elite*
Lincoln Momentum VULone 2005 Elite*
Lincoln VULone 2007 Elite*
Lincoln Momentum VULone 2007 Elite*
Lincoln SVULone 2007 Elite*
Lincoln Momentum SVULone 2007 Elite*
Lincoln AssetEdge VUL Elite*
Lincoln ChoicePlus*
Lincoln ChoicePlus Access*
Lincoln ChoicePlus Bonus*
Lincoln ChoicePlus II*
Lincoln ChoicePlus II Access*
Lincoln ChoicePlus II Bonus*
Lincoln ChoicePlus II Advance*
Lincoln ChoicePlus Assurance (B Share)*
Lincoln ChoicePlus Assurance (C Share)*
Lincoln ChoicePlus Assurance (L Share)*
Lincoln ChoicePlus Assurance (Bonus)*
Lincoln ChoicePlus Assurance (A Share/Class)*
Lincoln ChoicePlus Assurance (B Class)*
Lincoln ChoicePlus Design*
Lincoln ChoicePlus Fusion*
Lincoln InvestmentSolutionsSM *
Lincoln Investor AdvantageSM*
Lincoln Investor AdvantageSM Fee Based*
Lincoln Investor AdvantageSM RIA*
MultiFund® 1-4 Individual Variable Annuity
MultiFund® 5 Individual Variable Annuity
MultiFund® Select Individual Variable Annuity
MultiFund® Group Variable Annuity
Lincoln SVUL*
Lincoln SVUL II*
Lincoln SVUL III*
Lincoln SVULONE *
Group Variable Annuity (GVA)*
Xxxxx Fargo New Directions Core***
Xxxxx Fargo New Directions Access***
Xxxxx Fargo New Directions Access 4***
Director™ *
Lincoln Corporate Commitment Private Placement BOLI
Lincoln Corporate Commitment Variable Universal Life
Private Placement Variable Universal Life
*Includes both the Lincoln National and LNY versions of this product.
**Class 1 shares are offered in these products.
***In connection with Xxxxx Fargo New Directions Core, Xxxxx Fargo New Directions Access and Xxxxx Fargo New Directions Access 4 Contracts, Lincoln National, as
the issuer of these Contracts, agrees to make shares of American Funds Insurance Series available through these Contracts only so long as they are sold exclusively through registered representatives of Lincoln Financial Advisors and Xxxxx Fargo
Investments LLC. In the event that Xxxxx Fargo undergoes a change in control or assigns its responsibilities with respect to the Contracts to a third party, American Funds Insurance Series reserves the right to discontinue making its shares
available for purchase through these Contracts.
