Minimum Benefits. Any paid-up annuity, Surrender Value or Death Benefit that may be available under this Contract will never be less than the minimum benefits required by the state in which this Contract is delivered or issued for delivery. Minimum benefits will be increased to reflect any guaranteed additional amounts credited to this Contract and will be decreased by prior Withdrawals.
Appears in 6 contracts
Sources: Annuity Contract (Lincoln Life & Annuity Co of New York), Individual Single Purchase Payment Index Linked Deferred Annuity Contract (Lincoln National Life Insurance Co /In/), Individual Single Purchase Payment Index Linked Deferred Annuity Contract (Lincoln National Life Insurance Co /In/)
Minimum Benefits. Any paid-up annuity, Surrender Value or Death Benefit that may be available under this Contract will never be less than the minimum benefits required by Section 7 of the state in which this Contract is delivered National Association of Insurance Model Variable Annuity Regulation, model #250, or issued for deliveryapplicable successor provision, as amended. Minimum benefits will be increased to reflect any guaranteed additional amounts credited to this Contract and will be decreased by prior Withdrawals.
Appears in 6 contracts
Sources: Individual Single Purchase Payment Index Linked Deferred Variable Annuity Contract (Lincoln National Life Insurance Co /In/), Individual Single Purchase Payment Index Linked Deferred Variable Annuity Contract (Lincoln National Life Insurance Co /In/), Individual Single Purchase Payment Index Linked Deferred Variable Annuity Contract (Lincoln National Life Insurance Co /In/)
Minimum Benefits. Any paid-up annuity, Surrender Value or Death Benefit that may be available under this Contract will never be less than the minimum benefits required by the state in which this Contract is delivered or issued for delivery. Minimum benefits will be increased to reflect any guaranteed additional amounts credited to this Contract and will be decreased by prior Withdrawals.. 24-50090 12
Appears in 1 contract
Sources: Annuity Contract (Lincoln Life & Annuity Co of New York)