gibrider.htm


    
      Exhibit 4hhh

       

      Guaranteed
Income Benefit Rider

       

       

      This rider is made a part of the
Contract to which it is attached.  Except as stated in this rider, it is
subject to the provisions contained in the Contract.  Coverage under this
rider begins on the Rider Date as shown on the Contract Benefit Data
pages.

       

      This optional rider provides
variable Periodic Income Payments payable under the Variable Annuity Payment
Option Rider (“VAPOR”) are guaranteed not to fall below the Guaranteed Income
Benefit.

       

      Allocation

       

      
        While this Rider is in effect, the
Fixed Account and/or Variable Subaccounts available for allocation may be
limited if the Allocation Amendment is attached to this Rider and the
Contract.

      

      Definitions

       

      Guaranteed
Income Benefit (“GIB”)

       

      The minimum amount payable for each
Periodic Income Payment made under the VAPOR.

       

      Step-up
Date

       

      The date on which a GIB Step-up may
occur, pursuant to the Automatic Step-up of the GIB provision.

       

      For Non-qualified contracts, a
Step-up Date is the first Valuation Date on or after the Periodic Income
Commencement Date anniversary of each [3 year] period measured from the Periodic
Income Commencement Date.  

       

      For Qualified contracts, the first
Step-up Date is the Valuation Date of the first Periodic Income Payment in the
[third] calendar year following the Rider Date.  Subsequent Step-up Dates
will be the Valuation Date of the first Periodic Income Payment in the calendar
year, every subsequent [3 year] period.

       

      General

       

      If this rider is in effect on the
Valuation Date the Periodic Income Payment is determined, then the amount that
will be paid will be the greater of:

       

      a.      
the Periodic Income Payment determined under the VAPOR; or

      b.      
the Guaranteed Income Benefit.

       

      On the Rider Date, the initial
Guaranteed Income Benefit amount is shown on the Contract Benefit Data
pages.

       

      Automatic
Step-up of the Guaranteed Income Benefit (GIB Step-up)

       

      On each Step-up Date, a GIB Step-up
will occur only if [75%] of the Periodic Income Payment determined on the
Step-up Date is greater than the Guaranteed Income Benefit on the Valuation Date
immediately prior to the Step-up Date.  Upon a GIB Step-up, the Guaranteed
Income Benefit will automatically step-up to [75%] of the Periodic Income
Payment.  If the Guaranteed Income Benefit on the Valuation Date
immediately prior to the Step-up Date is greater than or equal to [75%] of the
Periodic Income Payment, no GIB Step-up will occur.

       

      On each GIB Step-up, the Rider
Charge may be adjusted pursuant to the Rider Charge provision.  If the
Rider Charge is increased, the Owner may decline the GIB Step-up by Notice to
the Company within 30 days of the effective date of the GIB Step-up.  If
the Owner does decline the GIB Step-up, the Guaranteed Income Benefit will be
reduced to the Guaranteed Income Benefit on the Valuation Date immediately prior
to the Step-up Date, subject to adjustments for Withdrawals.  If the Owner
does not decline the GIB Step-up, the GIB Step-up will be deemed accepted by the
Owner.

       

      The Automatic Step-up of the
Guaranteed Income Benefit will occur whether or not the Owner has previously
declined a GIB Step-up.

       

       

      Adjustments
to the Guaranteed Income Benefit

       

      Each Withdrawal will reduce the
Guaranteed Income Benefit in the same proportion as the amount withdrawn reduces
the Account Value on the Valuation Date of the Withdrawal.  Payment of a
Periodic Income Payment, whether equal to the Guaranteed Income Benefit or the
Periodic Income Payment determined under VAPOR, is not a
Withdrawal.

       

      An increase in the length of the
Access Period may not result in an adjustment to the Guaranteed Income Benefit.
 Any increase in the length of the Access Period is subject to a [5] year
minimum increase.

       

      Effect
of Guaranteed Income Benefit during Access Period

       

      During the Access Period, payment of
the Periodic Income Payment, whether equal to the Guaranteed Income Benefit or
the Periodic Income Payment determined under the VAPOR, reduces the Account
Value.

       

      If the Account Value is reduced to
zero, the Access Period will end and the Lifetime Income Period will begin on
the Valuation Date the Account Value equals zero, and each subsequent Periodic
Income Payment during the Lifetime Income Period will be equal to the Guaranteed
Income Benefit.

       

      Effect
of Guaranteed Income Benefit during Lifetime Income Period

       

      During the Lifetime Income Period,
if a Periodic Income Payment determined under the VAPOR is less than the GIB,
the excess of the GIB attributable to the Variable Account over the Periodic
Income Payment attributable to the Variable Account determined under the VAPOR
will reduce the number of Annuity Units per Variable Subaccount payable in each
subsequent Periodic Income Payment.  The reduction to the number of Annuity
Units per payment will be determined by: (a) divided by (b) then the result
further divided by (c): where:

       

      (a)  is the amount of the
excess of the GIB attributable to the Variable Account over the Periodic Income
Payment attributable to the Variable Account; and

      (b)  is the applicable Annuity
Factor; and

      (c)  is the Annuity Unit value
as of the Valuation Date of the Periodic Income Payment.

       

      During the Lifetime Income Period,
if a Periodic Income Payment determined under the VAPOR is less than the GIB,
the excess of the GIB attributable to the Fixed Account over the Periodic Income
Payment attributable to the Fixed Account determined under VAPOR will reduce the
resulting annual amount determined for the Fixed Account payable in each
subsequent Periodic Income Payment.  The reduction in the resulting annual
amount determined for the Fixed Account (prior to multiplying by the Interest
Adjustment Factor and dividing by the Daily Factor) will be determined by: (a)
divided by (b) where:

       

      (a)  is the amount of the
excess of the GIB attributable to the Fixed Account over the Periodic Income
Payment attributable to the Fixed Account; and

      (b)  is the applicable Annuity
Factor.

       

      If payment of the GIB reduces both
the number of Annuity Units per Variable Subaccount to zero and the resulting
annual amount determined for the Fixed Account to zero during the Lifetime
Income Period, then each subsequent Periodic Income Payment during the remainder
of the Lifetime Income Period will be equal to the GIB.

       

      Additional Purchase
Payments

       

      While this rider is in effect,
additional Purchase Payments to the Contract may not be made.

       

      Rider
Charge

       

      The annual Rider Charge is subject
to a guaranteed maximum rider charge of [2.00%].  While this rider is in
effect, the Rider Charge will be added to the Contract Mortality and Expense
Risk and Administrative Charge as shown on the Contract Benefit Data pages,
which is deducted from the Variable Account.

       

      On each GIB Step-up, the Rider
Charge will be adjusted to the Rider Charge currently in effect, subject to the
guaranteed maximum rider charge.  Any such adjustment will change the total
Mortality and Expense Risk and Administrative Charge.  The Mortality and
Expense Risk and Administrative Charge rates shown on the Contract Benefit Data
pages are as of the Rider Date.

       

      Pursuant to the Automatic Step-up of
the Guaranteed Income Benefit provision, the Owner may decline a GIB Step-up if
the Rider Charge is increased.  Upon our receipt of Notice from the Owner
to decline a GIB Step-up, the Rider Charge will decrease to the Rider Charge in
effect on the Valuation Date immediately prior to the Step-up Date.

       

      Termination
of this Rider

       

      This rider will terminate for any of
the following reasons:

      a.      
termination of the Contract to which this rider is attached;

      b.      
the death of the Annuitant, or the later of the death of the Annuitant or
Secondary Life if a joint payout was elected;

      c.      
a decrease in the length of the Access Period;

      d.      
a change in the Periodic Income Payment Mode; or

      e.      
Written Request from an Owner.

       

      Termination of this rider due to
termination of the Contract or death of the Annuitant or Secondary Life as
described above, will be effective on the Valuation Date on which such event
occurs.  Termination of this rider due to a decrease in the Access Period,
change in the Periodic Income Payment Mode, or Written Request from an Owner
will be effective on the Valuation Date of the Periodic Income Commencement Date
anniversary following such event.

       

       AR-528(8-10)

       

       

      The Lincoln National Life
Insurance Company

       

      /s/
Charles A. Brawley, III, Secretary

      Charles A.
Brawley, III, Secretary