ANNUITY COMMENCEMENT DATE. The Valuation Date on which the Contract Value is withdrawn for payment of annuity benefits under the Annuity Payment Option selected.
ANNUITY COMMENCEMENT DATE. The Annuity Commencement Date is shown on Page 3. You may change the date by notifying Us prior to the Annuity Commencement Date. This date will not be deferred beyond the Valuation Day immediately following the later of:
ANNUITY COMMENCEMENT DATE. The date upon which Annuity Payments begin, as determined in accordance with the Plan.
ANNUITY COMMENCEMENT DATE. The Annuity Commencement Date is the Payout Election Date or the Annuitant’s 99th birthday, if no Payout Election Date has been established. Beginning on the Payout Election Date, only the Investment Segment will be Annuitized; the Rider will not terminate. If Annuity Payouts begin at age 99, because no Payout Election Date has been established and guaranteed annual withdrawals under the rider have not begun, the entire Account Value will be Annuitized at that time and any benefit under the Rider will terminate.
ANNUITY COMMENCEMENT DATE. Annuity Commencement Date" means the date on which annuity payments are to commence as described in Section 7.03. Such date is the date shown in the Data pages and is subject to change as described in Section 7.03.
ANNUITY COMMENCEMENT DATE. On the Effective Date, the Annuity Commencement Date is the oldest Owner's or Annuitant's {95th} birthday and is shown on the Schedule. The Owner may change the Annuity Commencement Date by Written Notice. The proposed Annuity Commencement Date must be at least 30 days beyond the date the request is received by the Company, and at least {3} years after the last Purchase Payment. You may not select an Annuity Commencement Date that occurs after the oldest Owner or Annuitant attains Age {95}. On the Annuity Commencement Date, we apply the Contract Value, less any applicable premium tax, to the Annuity Option you select and establish annuity income payments. Annuity Income Payments—You may elect to receive fixed income payments, variable income payments, or a combination of both using the same Annuity Option and certain period.
ANNUITY COMMENCEMENT DATE. Annuity payouts will begin no later than the Annuitant’s 99th birthday if no Payout Election Date has been established. If Installments have begun under the Rider, only the Investment Strategy will be annuitized. If Installments have not begun under the Rider, then the entire Account Value will be annuitized at that time and any benefit under the Rider will terminate. Variable Life Annuity Table FEMALE Monthly Payout for Each $1,000 of Annuity Account Value Without With Guaranteed Period Without With Guaranteed Period Age of Guaranteed Age of Guaranteed Annuitant period 5 years 10 years 15 years Annuitant period 5 years 10 years 15 years 45 $ 3.09 $ 3.09 $ 3.09 $ 3.08 71 $ 5.14 $ 5.11 $ 5.01 $ 4.83 46 $ 3.13 $ 3.13 $ 3.13 $ 3.12 72 $ 5.31 $ 5.27 $ 5.15 $ 4.94 47 $ 3.17 $ 3.17 $ 3.17 $ 3.16 73 $ 5.48 $ 5.44 $ 5.30 $ 5.05 48 $ 3.21 $ 3.21 $ 3.21 $ 3.20 74 $ 5.68 $ 5.62 $ 5.46 $ 5.16 49 $ 3.26 $ 3.26 $ 3.25 $ 3.24 75 $ 5.88 $ 5.82 $ 5.62 $ 5.27 50 $ 3.30 $ 3.30 $ 3.30 $ 3.29 76 $ 6.11 $ 6.03 $ 5.79 $ 5.38 51 $ 3.35 $ 3.35 $ 3.34 $ 3.33 77 $ 6.35 $ 6.25 $ 5.97 $ 5.49 52 $ 3.40 $ 3.40 $ 3.39 $ 3.38 78 $ 6.61 $ 6.49 $ 6.15 $ 5.59 53 $ 3.46 $ 3.45 $ 3.45 $ 3.43 79 $ 6.89 $ 6.74 $ 6.33 $ 5.69 54 $ 3.51 $ 3.51 $ 3.50 $ 3.48 80 $ 7.19 $ 7.01 $ 6.52 $ 5.78 55 $ 3.57 $ 3.57 $ 3.56 $ 3.54 81 $ 7.52 $ 7.30 $ 6.71 $ 5.87 56 $ 3.63 $ 3.63 $ 3.62 $ 3.60 82 $ 7.88 $ 7.61 $ 6.90 $ 5.95 57 $ 3.70 $ 3.70 $ 3.68 $ 3.66 83 $ 8.27 $ 7.94 $ 7.09 $ 6.03 58 $ 3.77 $ 3.76 $ 3.75 $ 3.72 84 $ 8.70 $ 8.28 $ 7.27 $ 6.09 59 $ 3.84 $ 3.83 $ 3.82 $ 3.78 85 $ 9.17 $ 8.64 $ 7.45 $ 6.15 60 $ 3.92 $ 3.91 $ 3.89 $ 3.85 86 $ 9.67 $ 9.01 $ 7.61 $ 6.21 61 $ 4.00 $ 3.99 $ 3.97 $ 3.92 87 $ 10.20 $ 9.39 $ 7.77 $ 6.25 62 $ 4.08 $ 4.07 $ 4.05 $ 4.00 88 $ 10.76 $ 9.76 $ 7.92 $ 6.29 63 $ 4.17 $ 4.16 $ 4.13 $ 4.08 89 $ 11.36 $ 10.14 $ 8.06 $ 6.33 64 $ 4.27 $ 4.26 $ 4.22 $ 4.16 90 $ 11.97 $ 10.52 $ 8.18 $ 6.36 65 $ 4.37 $ 4.36 $ 4.32 $ 4.24 91 $ 12.62 $ 10.89 $ 8.30 $ 6.38 66 $ 4.48 $ 4.46 $ 4.42 $ 4.33 67 $ 4.60 $ 4.58 $ 4.52 $ 4.43 68 $ 4.72 $ 4.70 $ 4.64 $ 4.52 69 $ 4.85 $ 4.83 $ 4.76 $ 4.62 70 $ 4.99 $ 4.96 $ 4.88 $ 4.72 Variable Life Annuity Table MALE Monthly Payout for Each $1,000 of Annuity Account Value Without With Guaranteed Period Without With Guaranteed Period Age of Guaranteed Age of Guaranteed Annuitant period 5 years 10 years 15 years Annuitant period 5 years 10 years 15 years 45 $ 3.17 $ 3.17 $ 3.16 $ 3.16 71 $ 5.43 $ 5.38 $ 5.24 $ 4.99 46 $ 3.21 $ 3.21 $ 3.20 $ 3.19 72 $ 5.61 $ 5.55 $ 5.39...
ANNUITY COMMENCEMENT DATE. On the Effective Date, the Annuity Commencement Date is the oldest Owner’s or Annuitant’s 95th birthday and is shown on the Schedule. The Owner may change the Annuity Commencement Date by Written Notice. The proposed Annuity Commencement Date must be at least 30 days beyond the date we receive it and at least 1 year after the Effective Date. You may not select an Annuity Commencement Date that occurs after the oldest Owner or Annuitant attains Age 95 without our consent. On the Annuity Commencement Date, we apply the Contract Value, less any applicable premium tax, to the Annuity Option you select and establish annuity income payments. Annuity Income Payments - You may elect to receive fixed income payments, variable income payments, or a combination of both using the same Annuity Option and certain period. Fixed Income Payments - Fixed income payments are periodic payments from the Company to the designated Payee, the amount of which is fixed and guaranteed by the Company. Fixed income payments are not in any way dependent upon the investment experience of the Variable Account. Variable Income Payments - Variable income payments are periodic payments from the Company to the designated Payee, the amount of which varies from one payment to the next as a reflection of the net investment experience of the Sub-Account(s) you select to support the payments. Using an Assumed Investment Return of 5%, we determine the dollar value of a variable income payment as of the Annuity Commencement Date. However, no payment is actually made on that date. We then allocate that dollar amount among the Sub-Accounts you selected to support your variable income payments. Based on the Annuity Unit values of the selected Sub-Accounts on that date, we determine the number of Annuity Units attributable to each Sub-Account. The number of Annuity Units attributable to each Sub-Account remains constant unless there is a transfer of Annuity Units between Sub-Accounts. To calculate the amount of each variable income payment, we multiply the number of Annuity Units attributable to each Sub-Account by the Annuity Unit value for that Sub-Account as of the Valuation Period on which the payment is being determined. We then total results of these calculations for each Sub-Account.
ANNUITY COMMENCEMENT DATE. The Valuation Date on which the Contract Value is withdrawn for payment of annuity benefits under the Annuity Payment Option selected. ANNUITY PAYMENT DATE -- The date on which the Owner is entitled to the first Annuity Payment. Subsequent Annuity Payments will be due on the same day of the month as the first Annuity Payment, at the applicable frequency. ANNUITY PAYMENTS -- Periodic payments made to the Owner or the Owner’s designee by Us on or after the Annuity Commencement Date which We guarantee as to the dollar amount. BENEFICIARY -- The Natural Person or Natural Persons or an entity designated by the Owner to receive the Death Benefit, if any. CODE -- The Internal Revenue Code of 1986, as amended. COMPANY, OUR, US, WE -- The Lincoln National Life Insurance Company. CONTINGENT ANNUITANT -- Prior to the Annuity Commencement Date, the individual who will become the Annuitant upon the death of the Annuitant.
ANNUITY COMMENCEMENT DATE. The date on which annuity payments under the Basic Contract begin. The Annuity Commencement Date is shown on the Contract Data page. Basic Contract: This contract excluding any additional benefit riders or endorsements.
