Common use of RIGHT TO EXAMINE CONTRACT Clause in Contracts

RIGHT TO EXAMINE CONTRACT. The Owner may cancel this Contract for any reason without penalty within 10 days after the date the Owner received it (30 days if this is a replacement Contract). Simply return it to Our Administrative Office or to the financial professional through whom it was purchased. Canceling this Contract will void it from the beginning and upon cancellation, We will refund the Contract Value as of the Valuation Date on which We receive the cancellation Request. ALL CONTRACT VALUES AND BENEFITS PROVIDED BY THIS CONTRACT ARE VARIABLE, MAY INCREASE OR DECREASE BASED IN PART ON THE VALUE OF AN EXTERNAL INDEX AND ARE NOT GUARANTEED AS TO A FIXED DOLLAR AMOUNT. WHILE THE VALUES AND BENEFITS OF THIS CONTRACT MAY BE AFFECTED BY THE EXTERNAL INDEX, THIS CONTRACT DOES NOT DIRECTLY PARTICIPATE IN ANY STOCK OR EQUITY INVESTMENTS. Signed for The Lincoln National Life Insurance Company at Our Home Office. TABLE OF CONTENTS PROVISIONS Page Number CONTRACT SPECIFICATIONS 3 DEFINITIONS 4 GENERAL PROVISIONS 6 CONTRACT VALUE 8 INDEXED ACCOUNTS 8 REALLOCATIONS 9 WITHDRAWALS 10 ADVISORY FEE WITHDRAWALS 10 SURRENDERS 10 DEATH BENEFITS 11 BENEFICIARY 13 ANNUITY PAYMENT OPTIONS 13

RIGHT TO EXAMINE CONTRACT. The Owner may cancel this Contract for any reason without penalty within 10 days after the date the Owner received it (30 days if this is a replacement Contract). Simply return it to Our Administrative Office or to the financial professional through whom it was purchased. Canceling this Contract will void it from the beginning and upon cancellation, We will refund the Contract Value as of the Valuation Date on which We receive the cancellation Request. ALL CONTRACT VALUES AND BENEFITS PROVIDED BY THIS CONTRACT ARE VARIABLE, MAY INCREASE OR DECREASE BASED IN PART ON THE VALUE OF AN EXTERNAL INDEX AND ARE NOT GUARANTEED AS TO A FIXED DOLLAR AMOUNT. WHILE THE VALUES AND BENEFITS OF THIS CONTRACT MAY BE AFFECTED BY THE EXTERNAL INDEX, THIS CONTRACT DOES NOT DIRECTLY PARTICIPATE IN ANY STOCK OR EQUITY INVESTMENTS. D Signed for The Lincoln National Life Insurance Company at Our Home Office. TABLE OF CONTENTS PROVISIONS Page Number CONTRACT SPECIFICATIONS 3 INTEREST RATE ADJUSTMENT PROVISIONS 3 DEFINITIONS 4 GENERAL PROVISIONS 6 CONTRACT VALUE 8 INDEXED ACCOUNTS 8 REALLOCATIONS 9 WITHDRAWALS 10 ADVISORY FEE WITHDRAWALS 10 SURRENDERS 10 11 DEATH BENEFITS 11 BENEFICIARY 13 ANNUITY PAYMENT OPTIONS 1314

RIGHT TO EXAMINE CONTRACT. The Owner may cancel this Contract for any reason without penalty within 10 days after the date the Owner received it (30 days if this is a replacement Contract). Simply return it to Our Administrative Office or to the financial professional through whom it was purchased. Canceling this Contract will void it from the beginning and upon cancellation, We will refund the Contract Value as of the Valuation Date on which We receive the cancellation Request. ALL CONTRACT VALUES AND BENEFITS PROVIDED BY THIS CONTRACT ARE VARIABLE, MAY INCREASE OR DECREASE BASED IN PART ON THE VALUE OF AN EXTERNAL INDEX AND ARE NOT GUARANTEED AS TO A FIXED DOLLAR AMOUNT. WHILE THE VALUES AND BENEFITS OF THIS CONTRACT MAY BE AFFECTED BY THE EXTERNAL INDEX, THIS CONTRACT DOES NOT DIRECTLY PARTICIPATE IN ANY STOCK OR EQUITY INVESTMENTS. Signed for The Lincoln National Life Insurance Company at Our Home Office. TABLE OF CONTENTS PROVISIONS Page Number CONTRACT SPECIFICATIONS 3 DEFINITIONS 4 GENERAL PROVISIONS 6 CONTRACT VALUE 8 INDEXED ACCOUNTS 8 9 REALLOCATIONS 9 WITHDRAWALS 10 ADVISORY FEE WITHDRAWALS 10 SURRENDERS 10 DEATH BENEFITS 11 BENEFICIARY 13 12 ANNUITY PAYMENT OPTIONS 13

RIGHT TO EXAMINE CONTRACT. The Owner may cancel this Contract for any reason without penalty within 10 days after the date the Owner received it (30 days if this is a replacement Contract). Simply return it to Our Administrative Office or to the financial professional through whom it was purchased. Canceling this Contract will void it from the beginning and upon cancellation, We will refund the Contract Value as of the Valuation Date on which We receive the cancellation Request. ALL CONTRACT VALUES AND BENEFITS PROVIDED BY THIS CONTRACT ARE VARIABLE, MAY INCREASE OR DECREASE BASED IN PART ON THE VALUE OF AN EXTERNAL INDEX AND ARE NOT GUARANTEED AS TO A FIXED DOLLAR AMOUNT. WHILE THE VALUES AND BENEFITS OF THIS CONTRACT MAY BE AFFECTED BY THE EXTERNAL INDEX, THIS CONTRACT DOES NOT DIRECTLY PARTICIPATE IN ANY STOCK OR EQUITY INVESTMENTS. Signed for The Lincoln National Life Insurance Company at Our Home Office. TABLE OF CONTENTS PROVISIONS Page Number CONTRACT SPECIFICATIONS 3 INTEREST RATE ADJUSTMENT PROVISIONS 3 DEFINITIONS 4 GENERAL PROVISIONS 6 CONTRACT VALUE 8 INDEXED ACCOUNTS 8 9 REALLOCATIONS 9 WITHDRAWALS 10 ADVISORY FEE WITHDRAWALS 10 SURRENDERS 10 DEATH BENEFITS 11 BENEFICIARY 13 12 ANNUITY PAYMENT OPTIONS 13