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

• Category: Corporations - Public - Participation
• State: Multi-State
• County: Queens
• Control #: US-EG-9362
• Format: Word; Rich Text

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 Queens, New York Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York is a legal document that outlines the terms and conditions of participation in a variable insurance product fund offered by Lincoln Life and Annuity Company of New York. This agreement establishes the rights and responsibilities of both parties involved and ensures a transparent and mutually beneficial relationship. The Queens, New York Participation Agreement covers various aspects related to the investment and management of the variable insurance products fund. It typically includes provisions regarding the investment options available, the calculation and distribution of returns, fees and expenses associated with the fund, and the rights and obligations of the policyholders. One of the key features of the Queens, New York Participation Agreement is the availability of different types of participation options. These options may include: 1. Accumulation Phase Participation: This type of participation agreement allows policyholders to accumulate funds over a specified period by allocating their premiums to various investment options offered by the variable insurance products fund. The returns achieved during this phase will depend on the performance of the chosen investment options. 2. Income Phase Participation: Once the policyholder reaches a specified date or age, they can transition from the accumulation phase to the income phase. In this type of participation agreement, the policyholder can convert their accumulated funds into regular income payments, either as a fixed annuity or with the potential for variable payments based on the fund's performance. 3. Death Benefit Participation: This type of participation agreement ensures that the policyholder's beneficiaries receive a predetermined death benefit in case of the policyholder's untimely demise. The agreement may define the formula or calculation method used to determine the death benefit payout. Additionally, the Queens, New York Participation Agreement may incorporate provisions for withdrawals, loans, and surrender charges related to the variable insurance products fund. It may also outline the process for making changes to the investment options, reallocating funds, or transferring between different participation agreements. In summary, the Queens, New York Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York is a comprehensive legal document that governs the relationship between the insurer and policyholders. It provides clarity on investment options, returns, fees, and the rights and obligations of the participants. The different types of participation agreements offered allow policyholders to tailor their involvement based on their financial goals and requirements.

Queens, New York Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York is a legal document that outlines the terms and conditions of participation in a variable insurance product fund offered by Lincoln Life and Annuity Company of New York. This agreement establishes the rights and responsibilities of both parties involved and ensures a transparent and mutually beneficial relationship. The Queens, New York Participation Agreement covers various aspects related to the investment and management of the variable insurance products fund. It typically includes provisions regarding the investment options available, the calculation and distribution of returns, fees and expenses associated with the fund, and the rights and obligations of the policyholders. One of the key features of the Queens, New York Participation Agreement is the availability of different types of participation options. These options may include: 1. Accumulation Phase Participation: This type of participation agreement allows policyholders to accumulate funds over a specified period by allocating their premiums to various investment options offered by the variable insurance products fund. The returns achieved during this phase will depend on the performance of the chosen investment options. 2. Income Phase Participation: Once the policyholder reaches a specified date or age, they can transition from the accumulation phase to the income phase. In this type of participation agreement, the policyholder can convert their accumulated funds into regular income payments, either as a fixed annuity or with the potential for variable payments based on the fund's performance. 3. Death Benefit Participation: This type of participation agreement ensures that the policyholder's beneficiaries receive a predetermined death benefit in case of the policyholder's untimely demise. The agreement may define the formula or calculation method used to determine the death benefit payout. Additionally, the Queens, New York Participation Agreement may incorporate provisions for withdrawals, loans, and surrender charges related to the variable insurance products fund. It may also outline the process for making changes to the investment options, reallocating funds, or transferring between different participation agreements. In summary, the Queens, New York Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York is a comprehensive legal document that governs the relationship between the insurer and policyholders. It provides clarity on investment options, returns, fees, and the rights and obligations of the participants. The different types of participation agreements offered allow policyholders to tailor their involvement based on their financial goals and requirements.