Common use of MINIMUM ANNUITY BENEFIT PAYMENT REQUIREMENTS Clause in Contracts

MINIMUM ANNUITY BENEFIT PAYMENT REQUIREMENTS. If the Annuity Payment Option chosen results in payments of less than $50 from any Variable Sub-account and/or a fixed annuity benefit payment of less than $50, the frequency will be changed so that payments will be at least $50.

Appears in 13 contracts

Samples: Joint and Survivor Annuities (Lincoln Life Variable Annuity Account N), Joint And (Lincoln Life Variable Annuity Account T), Joint and Survivor Annuities (Lincoln National Variable Annuity Account H)

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MINIMUM ANNUITY BENEFIT PAYMENT REQUIREMENTS. If the Annuity Payment Option chosen results in annuity benefit payments of less than $50 from any per Variable Sub-account and/or a fixed annuity benefit payment of less than $50account, the frequency will be changed so that annuity benefit payments will be at least $50. For the purposes of this Section 3.07, the fixed annuity benefit payment of the Contract is considered a Variable Sub-account.

Appears in 1 contract

Samples: Lincoln National Variable Annuity Account H

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MINIMUM ANNUITY BENEFIT PAYMENT REQUIREMENTS. If the Annuity Payment Option chosen results in annuity benefit payments of less than $50 from any per Variable Sub-account and/or a fixed annuity benefit payment of less than $50account, the frequency will be changed so that annuity benefit payments will be at least $50. For the purposes of this Section, the fixed annuity benefit payment of the Contract is considered a Variable Sub-account.

Appears in 1 contract

Samples: Lincoln National Variable Annuity Account H

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