Common use of DOLLAR COST AVERAGING Clause in Contracts

DOLLAR COST AVERAGING. All or part of a Purchase Payment may be allocated to the DCA Fixed Account or any other subaccount made available for the purpose of Dollar Cost Averaging. Any amount so allocated will be transferred from the subaccount used for Dollar Cost Averaging to the designated Variable Subaccount in regular installments over a period chosen by the Owner. Transfers will occur at the same interval until the end of the chosen period or, if sooner, until the account value in the subaccount used for Dollar Cost Averaging has been exhausted. Transfers from the DCA Fixed Account are not subject to any interest adjustment.

Appears in 5 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

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