CREDITING OF INTEREST ON FIXED ACCOUNT. LNY will establish the applicable effective annual Guaranteed Interest Rate for each Fixed Subaccount at the beginning of that Guaranteed Period. The Guaranteed Interest Rate will be guaranteed for the duration of the applicable Guaranteed Period. Subsequent Guaranteed Interest Rate(s) will be determined at the beginning of subsequent Guaranteed Period(s) and may be higher or lower than the previous interest rate. A Guaranteed Interest Rate will never be less than the effective annual Minimum Guaranteed Interest Rate shown on the Contract Specifications. A table of guaranteed values for fixed allocations may be found in Article 15. LNY may credit interest at effective annual rates in excess of the Minimum Guaranteed Interest Rate at any time. Prior to the earlier of:
Appears in 3 contracts
Samples: Lincoln New York Account N for Variable Annuities, Lincoln New York Account N for Variable Annuities, Lincoln New York Account N for Variable Annuities
CREDITING OF INTEREST ON FIXED ACCOUNT. LNY will establish the applicable effective annual Guaranteed Interest Rate for each the Fixed Subaccount at the beginning of that the one-year Guaranteed Period. The Guaranteed Interest Rate will be guaranteed for the duration of the applicable one-year Guaranteed Period. Subsequent Guaranteed Interest Rate(s) will be determined at the beginning of subsequent Guaranteed Period(s) and may be higher or lower than the previous interest rate. A Guaranteed Interest Rate will never be less than the effective annual Minimum Guaranteed Interest Rate shown on the Contract Specifications. A table of guaranteed values for fixed allocations may be found in Article 15. LNY may credit interest at effective annual rates in excess of the Minimum Guaranteed Interest Rate at any time. Prior to the earlier of:
Appears in 2 contracts
Samples: Joint And (Lincoln New York Account N for Variable Annuities), Lincoln New York Account N for Variable Annuities
