Prior to the Annuity Commencement Date. The Owner may name only one Annuitant. If the Owner is a tax-exempt entity, the Owner may name one Annuitant or two Joint Annuitants. If the Owner is a natural person, the Owner has the right to change the Annuitant at any time by sending Notice of change to LNL. If the Owner is a non- natural person, the Annuitant may not be changed. The new Annuitant must be under the age of [91] as of the effective date of the change. Change of Annuitant may affect the Death Benefit (refer to Article 6, Death Benefit).
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Samples: Lincoln Life Variable Annuity Account N, Lincoln Life Variable Annuity Account W
Prior to the Annuity Commencement Date. The Owner may name only one Annuitant. If the Owner is a tax-exempt entity, the Owner may name one Annuitant or two Joint Annuitants. If the Owner is a natural person, the Owner has the right to change the Annuitant at any time by sending Notice of change to LNL. If the Owner is a non- non-natural person, the Annuitant may not be changed. The new Annuitant must be under the age of [91] as of the effective date of the change. Change of Annuitant may affect the Death Benefit (refer to Article 6, Death Benefit).
Appears in 2 contracts
Samples: Lincoln National Variable Annuity Account H, Lincoln National Variable Annuity Account C
Prior to the Annuity Commencement Date. The Owner may name only one Annuitant. If the Owner is a tax-exempt entity, the Owner may name one Annuitant or two Joint Annuitants. If the Owner is a natural person, the Owner has the right to change the Annuitant at any time by sending Notice of change to LNL. If the Owner is a non- non-natural person, the Annuitant may not be changed. The new Annuitant must be under the age of [91] 91 as of the effective date of the change. Change of Annuitant may affect the Death Benefit (refer to Article 6, Death Benefit).
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Prior to the Annuity Commencement Date. The Owner may name only one Annuitant. If the Owner is a tax-exempt entity, the Owner may name one Annuitant or two Joint Annuitants. If the Owner is a natural person, the Owner has the right to change the Annuitant at any time by sending Notice notifying LNL in writing of change to LNL. If the Owner is a non- natural person, the Annuitant may not be changedchange. The new Annuitant must be under the age of [91] as of the effective date of the change. Change of Annuitant may affect the Death Benefit (refer to Article 6, Death Benefit).
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