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Mississippi Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York

State:
Multi-State
Control #:
US-EG-9362
Format:
Word; 
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Description

Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York and Fidelity Distributors Corporation regarding the permission of shares of the Fund to be sold and held by variable annuity and variable

The Mississippi 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 of the participation of the Variable Insurance Products Fund, III (the "Fund") in the state of Mississippi, with specific involvement from Lincoln Life and Annuity Company of New York. The agreement establishes a framework for the relationship between the Fund and the company, ensuring compliance with relevant laws and regulations in the state of Mississippi. It details the responsibilities and obligations of each party involved, aiming to protect the interests of both the Fund and Lincoln Life and Annuity Company of New York. Key terms and provisions within the Mississippi Participation Agreement may include: 1. Participation Details: The agreement will outline the specifics of the Fund's participation in Mississippi, such as the types of variable insurance products covered, the investment strategies, and any limitations or restrictions. 2. Compliance and Regulation: The agreement will address the legal and regulatory requirements of operating within Mississippi, ensuring that both the Fund and Lincoln Life and Annuity Company of New York adhere to all applicable laws, statutes, and regulations. 3. Reporting and Disclosures: The agreement will establish the reporting and disclosure obligations of both parties. It will outline the frequency and content of reports that the Fund must provide to Lincoln Life and Annuity Company of New York, as well as any requirements for disclosure to the state authorities or investors. 4. Compensation and Fees: The agreement may address the compensation structure between the Fund and Lincoln Life and Annuity Company of New York, including any fees associated with the participation in Mississippi. This section will clarify how and when payments will be made, ensuring transparency and fairness. 5. Termination and Amendment: The agreement may include provisions for the termination or amendment of the agreement. This ensures that both parties have the ability to modify or cease their participation if circumstances change or if it becomes necessary to comply with new regulations. It's important to note that while there may be different agreements between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York, these will likely pertain to separate jurisdictions or specific products. The Mississippi Participation Agreement specifically focuses on the Fund's participation in Mississippi and serves as a legally binding document for compliance purposes in that state.

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Lincoln Level Advantage® is a long-term investment product that offers tax-deferred growth, access to a lifetime income stream and death benefit protection.

Trigger?A stated rate is received as long as the index return is not negative over a specific time, such as one year. Example?If the stated rate is 4% and the index return is zero or greater, your contract would receive 4%.

Allianz Index Advantage+? Variable Annuity. Index Advantage+?, our core registered index-linked annuity (RILA), is designed to help you accumulate money for retirement. It can give you long-term growth potential ? plus a level of protection through multiple index options.

With the performance trigger strategy, your account is credited a set amount, called a trigger rate, if the index change is positive or flat at the end of the term. If the index return is negative, you can help protect it with a protection level or floor protection.

A variable annuity is a contract between you and an insurance company, under which the insurer agrees to make periodic pay- ments to you, beginning either immediately or at some future date. You purchase a variable annuity contract by making either a single purchase payment or a series of purchase payments.

Lincoln Level Advantage® indexed-linked variable annuity is a long-term investment product designed for retirement purposes. There are no explicit fees associated with the indexed-linked account options available.

Index variable annuities are designed to help you accumulate assets for retirement and provide some protection for a portion of your retirement assets. An index variable annuity may be a good choice if you're willing to take on some level of risk with the opportunity to grow your assets.

Variable life insurance is a permanent life insurance policy with an investment component. The policy has a cash-value account with money that is invested, typically in mutual funds. As a permanent life insurance policy, variable life insurance pays a death benefit to your beneficiaries when you die.

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An option contract is an agreement between a buyer and seller that gives the purchaser of the option the right to buy or sell a particular reference asset at a ... Shares of the Fund are available only through the purchase of variable contracts issued by certain life insurance companies. Parties related to the Fund (such ...Form instructions. Follow this checklist to submit your form. Select the appropriate form; Download and then fill out electronically, or print and fill it ... You have the support and strength of Lincoln by your side during this time of uncertainty. Log in to access your account information 24/7. Need help? Find the right variable annuity to meet your retirement goals. Explore Lincoln Financial's indexed, variable index, and variable annuity options today. Protect and build your future with comprehensive one-on-one guidance from New York Life. Learn about our life insurance and financial product offerings. There is no guarantee that a variable annuity with an add-on living benefit will provide sufficient supplemental retirement income. *Refers to GAAP basis ... ... variable contracts issued by certain life insurance companies ... The use of the Fund by both annuity and life insurance variable accounts is called mixed funding ... The book begins with basic information on the various types of insurance, including auto, home, life, annuities and long-term care. A glossary section contains. You are entitled to the benefits described in this Certificate only if you are eligible, become and remain insured under the provisions of the Policy.

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Mississippi Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York