The Illinois Participation Agreement between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York is a legal document that outlines the terms and conditions for the participation of the variable insurance products fund in the state of Illinois. This agreement ensures compliance with Illinois regulations and provides details on the relationship between the fund and the insurance company. Keywords: Illinois, Participation Agreement, Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York There are several types of Illinois Participation Agreements between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York, namely: 1. General Illinois Participation Agreement: This agreement establishes the overall framework for the participation of the variable insurance products fund in the state of Illinois. It covers the principal terms and conditions applicable to all types of variable insurance products offered by the fund and sold through Lincoln Life and Annuity Company of New York. 2. Illinois Participation Agreement for Variable Annuities: Specifically focuses on variable annuity products offered by the fund in Illinois. This agreement outlines the specific terms and conditions related to variable annuities, including surrender charges, withdrawal options, death benefits, and any state-specific requirements or limitations. 3. Illinois Participation Agreement for Variable Life Insurance: This agreement pertains to variable life insurance products offered by the fund in Illinois. It includes provisions related to policy loans, premium payments, policyholder rights, and any necessary disclosures specific to variable life insurance products in the state. 4. Illinois Participation Agreement for Variable Universal Life Insurance: This type of agreement addresses the participation of the variable insurance products fund in variable universal life insurance products offered in Illinois. It lays out the terms and conditions related to policy flexibility, investment options, cash value accumulation, and any relevant state-specific regulations. These various types of Illinois Participation Agreements ensure that the fund and the insurance company operate within the legal framework of Illinois. They provide clarity and transparency regarding the rights and obligations of both parties, and the terms under which the variable insurance products are offered to Illinois residents.