The Washington Participation Agreement between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York is a contractual agreement that outlines the terms and conditions of the investment participation options for policyholders in Washington state. This agreement allows policyholders to participate in the Variable Insurance Products Fund, III offered by Lincoln Life and Annuity Company of New York. The Washington Participation Agreement provides policyholders with the opportunity to allocate their investments among various investment options within the Variable Insurance Products Fund, III. These investment options may include stocks, bonds, money market instruments, and other investment vehicles, providing policyholders with the flexibility to customize their investment portfolios according to their risk tolerance and investment objectives. Furthermore, the agreement also specifies the details of the participation options available to policyholders, such as the minimum and maximum allocation percentages for each investment option, any applicable fees and charges associated with the participation, and the frequency of investment option changes permitted. It is crucial to note that while there may be different types of Washington Participation Agreements available between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York, they all aim to provide policyholders in Washington state with investment participation options within the Variable Insurance Products Fund, III. These agreements may differ in terms of specific terms, conditions, and investment options available, catering to the varying needs and preferences of policyholders. In conclusion, the Washington Participation Agreement between Variable Insurance Products Fund, III and Lincoln Life and Annuity Company of New York offers policyholders in Washington state the opportunity to participate in the Variable Insurance Products Fund, III and customize their investment portfolios. By understanding the terms and conditions outlined in the agreement, policyholders can make informed decisions and effectively manage their investments within the fund.