Collin Texas Participation Agreement is a legally binding contract between the Variable Insurance Products Fund, III (VIP III), and the Lincoln Life and Annuity Company of New York (LACEY). This agreement outlines the terms and conditions under which LACEY can participate in the VIP III investment program specifically for residents or entities located in Collin County, Texas. By signing this agreement, LACEY agrees to abide by the rules and regulations set forth by the VIP III and to fulfill their obligations as a participant. The Collin Texas Participation Agreement is designed to offer residents and entities in Collin County an opportunity to invest and grow their financial assets through the exclusive investment program offered by VIP III. As a participant, LACEY gains access to a variety of different investment options, such as mutual funds, variable annuity contracts, and variable life insurance policies. These investment vehicles allow participants to potentially earn substantial returns over time through a diversified portfolio managed by VIP III. The agreement outlines the rights and responsibilities of both VIP III and LACEY. It may specify the initial investment required, the minimum ongoing contributions, and any maximum limits for participation. LACEY must also agree to comply with all applicable laws and regulations, including those laid out by regulatory bodies such as the Securities and Exchange Commission (SEC), ensuring a transparent and compliant investment process. In addition, the Collin Texas Participation Agreement may include provisions regarding fees and expenses associated with the investment program. These fees may include management fees, administrative charges, and any other costs related to the management and operation of VIP III. It is important for LACEY to thoroughly review and understand the fee structure before entering into the agreement to ensure transparency and avoid any surprises. While the primary objective of the Collin Texas Participation Agreement remains the same across all participants, there might be different types of agreements available based on the specific investment goals or risk tolerance of LACEY. These variations could include customized investment strategies, different levels of investment flexibility, or additional benefits tailored to the unique needs of each participant. LACEY can work closely with VIP III to determine the most suitable agreement based on their financial objectives and risk appetite. In conclusion, the Collin Texas Participation Agreement between VIP III and LACEY provides an inclusive and transparent opportunity for residents and entities in Collin County to participate in a professionally managed investment program. Through this agreement, LACEY gains access to a diverse range of investment options and benefits, ultimately aiming to grow their financial assets over time. It is essential for LACEY to carefully review and understand the terms and conditions outlined in the agreement, ensuring compliance and maximizing the potential benefits of their participation.
Collin Texas Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York
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