NONPARTICIPATING. The Contract is nonparticipating and will not share in the surplus earnings of LNL.
NONPARTICIPATING. This contract will not participate in any of our profits, losses or surplus earnings.
NONPARTICIPATING. This Contract is nonparticipating. It will not share in the surplus earnings of the Company.
NONPARTICIPATING. The contract does not share in our profits or surplus. No dividends are paid under this contract.
NONPARTICIPATING. This contract is nonparticipating, which means that it will not participate in any of our profits, losses, or surplus earnings.
NONPARTICIPATING. This Contract is nonparticipating. This means we do not pay dividends on it. The Contract will not share in our profits or surplus. Protection of Proceeds and Payments To the extent permitted by law, neither the proceeds nor any payments under this Contract shall be subject to the claims of creditors or legal process. Annual Statement You will receive an annual statement once each year. It will show such things as the beginning and ending account values, as well as any Additional Purchase Payments, withdrawals, exchanges, or charges for the year that apply to this Contract. The statement may contain other information required by law or regulation.
NONPARTICIPATING. The Contract is nonparticipating and will not share in any profits or surplus earnings of the Company, and therefore no dividends are payable.
NONPARTICIPATING. This is not a participating policy. No dividends are payable. THE POLICY AND ITS PARTS The Policy with any attached application(s), and any riders and endorsements is a legal contract. It is the entire contract between you and us. An agent cannot change this contract. Any change to it must be in writing and approved by us. Only an authorized officer of the Company can give our approval. We will not use any statement in the original application to deny a claim unless a copy of that application was attached to this Policy when issued or delivered. We will not use any statement in a supplemental application to deny a claim unless a copy of that application was sent to you when the change in coverage went into effect. We will not use any statement in a reinstatement application to deny a claim unless a copy of the reinstatement application was sent to you when the Policy was reinstated. SUICIDE If either Insured commits suicide within two years of the Policy Date, all coverage under the Policy will end, and we will pay a limited amount of proceeds. The limited amount of proceeds will equal all premiums paid on the Policy, less Policy Debt and partial surrenders. We will also provide a single life policy to the surviving Insured. The single life policy will have the same Policy Date as this Policy. The rating class of the single life policy will be the rating class of the surviving Insured under this Policy. We may require increased premiums under the single life policy. The policy or policies we offer will be one offered by us or by an affiliate. If the first Insured to die commits suicide more than two years after the Policy Date and within two years after an increase in the Specified Amount became effective, the Specified Amount will be reduced to the amount in effect prior to the increase. Monthly deductions that were made with respect to the increase will be refunded in a lump sum to the Owner. If the second Insured to die commits suicide more than two years after the Policy Date and within two years after an increase in the Specified Amount became effective, the Specified Amount will be reduced to the amount in effect prior to the increase. The amount payable with respect to the increase will equal the monthly deductions that were made for that increase. The amount payable will be treated as Death Proceeds and paid to the Beneficiary under the same conditions as the original Specified Amount. Any limited amount payable will be treated as Death Proceeds an...
NONPARTICIPATING. This contract is not eligible for dividends and will not share in the surplus earnings of GIAC.
NONPARTICIPATING. This contract is not eligible for dividends and will not share in the surplus earnings of GIAC. Ownership of the Assets GIAC shall have ownership and control of its assets, including all assets allocated to Account R and the Fixed-Rate Option. GENERAL PROVISIONS, cont'd Inactive Contract GIAC may terminate the contract by paying the owner the Accumulation Value in one sum, if prior to the Annuity Commencement Date: o the owner makes no premium payments for two consecutive years; o the total amount of premium payments made, less any partial withdrawals, is less than $2,000; and o the Accumulation Value on or after the end of such two year period is less than $2,000. Taxes GIAC will not be responsible for any tax consequences arising out of any transactions or ownership of this contract. Deferment GIAC will ordinarily pay any partial withdrawals or surrender proceeds within seven (7) days after the date the owner's request for withdrawal or surrender is received in Good Order by GIAC at its Customer Service Office. However, when permitted by law, GIAC may defer payment of any partial withdrawals or surrender proceeds for up to 6 months after written request for such withdrawal or surrender is received in Good Order by GIAC at its Customer Service Office. The amount payable will be determined as of the date written request is received by GIAC in Good Order at its Customer Service Office. Interest will accrue daily, starting on the date deferment begins, at the rate of 3% on any amount deferred 30 days or more. GIAC may defer calculation or payment of any partial withdrawals or surrender proceeds or the transfer of amounts based on separate account performance if: o the New York Stock Exchange is closed for trading or trading has been suspended; or o the Securities and Exchange Commission restricts trading or determines that a state of emergency exists which may make such calculation, payment, or transfer impracticable. Reports to the Owner GIAC will provide a written report to the owner once each contract year while this contract has an Accumulation Value. GIAC will also provide a written confirmation to the owner when any annuity payments are made under this contract. The annual report will include the following information as of the most recent Contract Anniversary: o the Accumulation Value; o the surrender value; and o the annual interest rate credited on amounts held in the Fixed-Rate Option on the Contract Anniversary during the current contract year, if...
