Exhibit 3(b)
MODIFICATION OF
THE AMERICAN LEGACY III SELLING GROUP AGREEMENT
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
EFFECTIVE MAY 18, 2005
The Lincoln National Life Insurance Company (hereinafter "Lincoln
National"), member of NASD, entered into a Selling Group Agreement ("SGA") with
Xxxxxx X. Xxxxx & Company, L.P. and its Affiliates (hereinafter "Broker/Dealer")
on or about November 3, 2003.
Pursuant to the terms of Section 20 of the SGA, Lincoln National does
hereby exercise its authority to extend Broker/Dealer in its activities related
to the servicing of Lincoln National's ChoicePlus Assurance Variable Annuity
("CPA"). As such, Broker/Dealer is prohibited from selling CPA business,
including taking applications for new CPA business, but may service existing CPA
business in force as of the effective date of this Modification. Servicing will
include, but not be limited to answering contractholders' questions about the
contract, such as the meaning of its terms and the nature of its investment
options.
Lincoln National reserves the right to provide further clarification of
the servicing duties to be performed by Broker/Dealer pursuant to the SGA.
In all other respects the terms of the SGA will remain the same.
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
By: /s/ Xxxxx Xxxxx
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Title: Assistant Secretary
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XXXXXX X. XXXXX & COMPANY L.P. AND ITS AFFILIATES AS LISTED ON SCHEDULE A
By: /s/ Xxxxx Xxxxxxxxx
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Title: Principal Insurance Marketing
Schedule A
Xxxxxx X. Xxxxx & Co., L.P.
Insurance Agency Affiliates as of May 18, 2005
|X| Xxxxxx Xxxxx Insurance Agency Holding, L.L.C.
|X| Xxxxxx Xxxxx Insurance Agency of California, L.L.C.
|X| California Agency Holding, L.L.C.
|X| Xxxxxx Xxxxx Insurance Agency of Massachusetts, L.L.C.
|X| Xxxxxx Xxxxx Insurance Agency of Michigan, L.L.C.
|X| Xxxxxx Xxxxx Insurance Agency New Mexico, L.L.C.
|X| Xxxxxx Xxxxx Insurance Agency of Wyoming, L.L.C.
