Loan Endorsement Sample Contracts

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CONTRACT LOAN ENDORSMENT Made a part of the Contract to which it is attached ("this Contract") While this Contract is in force prior to the Annuity Commencement Date, Lincoln Life will loan, upon written application and assignment of this Contract's...
Loan Endorsement • April 8th, 2003 • Lincoln National Variable Annuity Account C

While this Contract is in force prior to the Annuity Commencement Date, Lincoln Life will loan, upon written application and assignment of this Contract's value as the only security for the loan, a sum which shall not be less than $2,500. The maximum loan amount is generally equal to 50% of your annuity account value, not to exceed $50,000 on all contracts involved. However, if 50% of the total account value is less than $10,000, you can borrow the lesser of $10,000 or 100% of the vested account value. If there has been a loan in the preceding 12-month period, the $50,000 maximum loan limit is reduced by the excess of the highest outstanding balance of loans during the preceding 12-month period over the outstanding current loan balance.

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