A Nebraska Participation Agreement is a legally binding contract between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York. This agreement outlines the terms, conditions, and guidelines for participating in the fund as a variable insurance product. Under this agreement, Variable Insurance Products Fund, III allows Lincoln Life and Annuity Company of New York to offer their customers access to the fund's investment options. The participation agreement details the obligations and rights of both parties involved, ensuring a clear understanding of their roles and responsibilities. Keywords: Nebraska Participation Agreement, Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York, variable insurance product, contract, terms, conditions, guidelines, investment options, obligations, rights. Different Types of Nebraska Participation Agreements: 1. Nebraska Participation Agreement for Variable Life Insurance: This type of agreement focuses on variable life insurance products offered by Lincoln Life and Annuity Company of New York. It outlines how these insurance policies will participate in Variable Insurance Products Fund, III, providing policyholders with investment opportunities and potential growth. 2. Nebraska Participation Agreement for Variable Annuities: This agreement pertains to variable annuity products provided by Lincoln Life and Annuity Company of New York. It defines how these annuities participate in Variable Insurance Products Fund, III, allowing annuitants to choose from various investment options to fund their annuity and potentially increase its value over time. 3. Nebraska Participation Agreement for Variable Universal Life Insurance: This type of agreement specifically addresses variable universal life insurance products. It outlines how these policies participate in Variable Insurance Products Fund, III, giving policyholders flexibility in managing their investments within the policy while ensuring potential growth for the cash value component. These multiple types of participation agreements cater to the diverse needs of customers seeking variable insurance products from Lincoln Life and Annuity Company of New York.
Nebraska Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York
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