Document:

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The Lincoln National Life Insurance Company

(the "Company")

A Stock Company

Home Office Location:                                                                                        [Fort Wayne, Indiana]

Administrator Mailing Address:                                                                                        The Lincoln National Life Insurance Company

[350 Church Street

Hartford, CT 06103-1106]

The Lincoln National Life Insurance Company agrees to pay the Death Benefit Proceeds to the Beneficiary after receipt of Due Proof of Death of the Insured while this Policy is In Force and to provide the other rights and benefits according to the terms of this Policy.

Read this Policy Carefully

This is a legal contract between you and us.  This Policy is issued and accepted subject to the terms set forth on the following pages, which are made a part of this Policy.  In consideration of the application and the payment of premiums as provided, this Policy is executed by us as of the Policy Date at the Administrator Mailing Address shown above.  Pay particular attention to the Policy Specifications as they are specific to you and may contain important terms and conditions.

Right to Examine this Policy

You may return this Policy for any reason to the insurance agent through whom it was purchased, to any other insurance agent of the Company or to us at the Administrator Mailing Address listed above within [10] days after its receipt ([30] after its receipt where required by law if this Policy is issued in replacement of other insurance).  If returned, this Policy will be considered void from the Policy Date and we will refund, as of the date the returned Policy is received by us, the Accumulation Value less Debt plus any charges and fees taken under the Policy's terms.

ANY BENEFITS, INCLUDING DEATH BENEFITS, AND VALUES PROVIDED BY THIS POLICY BASED ON THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT ARE VARIABLE, MAY INCREASE OR DECREASE DAILY, AND ARE NOT GUARANTEED AS TO DOLLAR AMOUNT.

The Death Benefit Proceeds on the Policy Date equal the Initial Specified Amount of this Policy. Thereafter, the Death Benefit Proceeds may vary under the conditions described in the "Insurance Coverage and Death Benefit Provisions" of this Policy.

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[President]                                                                                                                [Secretary]

	
Insured:

	
[INSURED NAME]

	
Policy Number:

	
[SPECIMEN]

INDIVIDUAL FLEXIBLE PREMIUM VARIABLE ADJUSTABLE LIFE INSURANCE POLICY

Death Benefit Proceeds are payable if the Insured dies while this Policy is In Force.  Investment results are reflected in Policy benefits.  The Surrender Value is payable upon surrender of this Policy.  Flexible premiums are payable to the earlier of the Insured's Attained Age 121 or the Insured's death. Planned Premium payments and additional Riders and/or benefits are shown in the Policy Specifications.  This Policy is non-participating; it is not eligible for dividends.

For information or assistance regarding this Policy call: [800-444-2363]

Table of Contents

Provision Page*

Summary of Policy Features...............................................................................................................................................2a Individual Flexible Premium Variable Adjustable Life Insurance; Coverage Duration; Accumulation Value; Interest; Separate Account Performance; No-Lapse Provision; Monitoring Your Policy's Performance

Policy Specifications...........................................................................................................................................................3

Summarizes benefits that you purchased including charges and expenses.

Riders and Benefits Charges........................................................................................................................................ 3a

Table of Surrender Charges........................................................................................................................................ 3b

Surrender Charge as of Beginning of Policy Year; Calculation of Charge for Decrease in Specified Amount

Table of Expense Charges and Fees.......................................................................................................................... 3c Guaranteed Maximum Premium Load; Cost of Insurance; Guaranteed Maximum Monthly Administrative Fee; Guaranteed Maximum Mortality and Expense ("M&E") Risk Charge Rate; Transfer Fee

Table of Guaranteed Maximum Cost of Insurance Rates......................................................................................... 3d

Corridor Percentages Table........................................................................................................................................ 3e

Death Benefit Qualification Test

No-Lapse Provision........................................................................................................................3f

Definitions............................................................................................................................................................................. 5

The Contract..........................................................................................................................................................................7

Entire Contract; Changes to Contract Terms; Non-Participating; Misstatement of Age or Sex; Incontestability

Ownership............................................................................................................................................................................. 7

Rights of Owner; Transfer of Ownership; Assignment; Some Important Things You Should Do

Beneficiary............................................................................................................................................................................ 8

Beneficiary; Change of Beneficiary

Insurance Coverage and Death Benefit Provisions.......................................................................................................... 8

Date of Coverage; Termination of Coverage; Death Benefit Proceeds; Death Benefit Options; Accumulated Premium for Death Benefit Option 3; Notice of Claim; Income Tax on Death Benefits; Suicide; Method of Payment; Interest on Death Benefit; Continuation of Coverage After Insured's Attained Age 121

Changes in Insurance Coverage....................................................................................................................................... 10

Increases in Specified Amount; Decreases in Specified Amount; Changes in Death Benefit Option; Premium Class Changes; Rider and/or Benefit Additions; Change of Plan; Policy Split Prohibition

Premium and Allocation Provisions................................................................................................................................. 11

Payment of Premiums; Planned Premiums; Additional Premiums; No-Lapse Provision; Premium Refund at Death; Premium Allocation Instructions; Account Allocation Instructions; Optional Sub-Account Allocation Programs

Grace Period, Continuation of Insurance and Reinstatement Provisions.................................................................... 13

Grace Period; Continuation of Insurance; Reinstatement

Policy Values Provisions................................................................................................................................................... .14

Accumulation Value; Fixed Account Value; Separate Account Value; Variable Accumulation Unit Value; Loan Account Value; Interest Credited Under Fixed Account; Interest Credited Under Loan Account; Mortality and Expense Risk ("M&E") Charge; Fees Associated with the Underlying Funds; Persistency Bonus; Monthly Deduction; Cost of Insurance; Cost of Insurance Rates; Basis of Values; Changes in Rates and Charges

Separate Account Provisions............................................................................................................................................ 17

Separate Account; Sub-Accounts; Investments of the Sub-Accounts; Investment Risk; Underlying Fund Withdrawal and Substituted Securities

Transfer Privilege Provisions............................................................................................................................................ 18

Transfer Privilege; Transfer Fees; Transfers from the Fixed Account; Transfers from a Sub-Account; Change of Terms and Conditions

Surrender Provisions......................................................................................................................................................... 18

Surrender; Surrender Charges; Charge for Decrease in Specified Amount; Surrender Charge for Full Surrender; Partial Surrender (i.e. Withdrawal); Effect of Partial Surrenders on Accumulation Value and Specified Amount

Loan Provisions.................................................................................................................................................................. 20

Loans; Fixed Loan; Loan Account; Loan Repayment; Interest Rate Charged on Fixed Loan; Loan Repayment; Debt

General Provisions............................................................................................................................................................. 21

Annual Report; Compliance with the Internal Revenue Code; Deferment of Payments; Modified Endowment; Payment of Proceeds; Projection of Benefits and Values

Effect of Policy on Riders Provisions............................................................................................................................... 22

Effect of Riders on Policy Provisions............................................................................................................................... 22

Settlement Options............................................................................................................................................................. 23

*Page 4 is intentionally blank.

Amendments, Endorsements, or Riders, if any, and a copy of the application follow Page 24.

Summary of Policy Features

This summary is an overview of the important features and operations of your Policy.  It is meant to give you a basic understanding of your Policy.   Specific details regarding these features are only provided in the Policy provisions and cannot fully be described in a summary.  This summary is not a substitute for reading the entire Policy carefully.

Individual Flexible Premium Variable Adjustable Life Insurance   This title is our generic name for variable universal life insurance. "Flexible premium" means that you may pay premiums by any method agreeable to us, at any time prior to the Insured's Attained Age 121 and in any amount subject to certain limitations.  It is important to maintain the payment(s) of your Planned Premium, as shown on the Policy Specifications, in order to keep your Policy In Force.  "Adjustable life insurance" means that you, with our agreement, can change the death benefit to meet your changing needs.

The Policy provides for a Fixed Account and a Separate Account.  Based on the allocation instructions you provide, we will direct any Net Premium Payment into one or both of these accounts.

The Fixed Account is part of the Company's general assets, is not subject to market fluctuation and interest is credited subject to a minimum rate.

The investment performance of Separate Account assets is kept separate from the Company's general assets and will fluctuate based on the performance of the Sub-Accounts you invest in.  Please see the "Separate Account Provisions" and Policy Specifications for more details.

Coverage Duration   The duration of coverage will vary based upon changes in the amount, timing and frequency of your premium payments, changes to the coverage under your Policy and any Riders attached to your Policy, and the other factors described in the following sections.

Accumulation Value   The Accumulation Value is a key component of your Policy.  The Accumulation Value is the total of the Fixed Account, Separate Account, and the Loan Account.  We apply a charge to each premium you pay and then add the balance to the Fixed Account and Separate Account in accordance with your allocation instructions.

On a monthly basis, we deduct the cost of providing the coverage (the Cost of Insurance) and the cost of any additional benefits and/or Riders and administrative charges.  This charge is known as the "Monthly Deduction" and is taken from the Fixed Account and any Separate Account in the same proportion as the balances invested in the total of such account(s).

We will deduct a daily Mortality and Expense Risk Charge, if any, from each Sub-Account.

Subject to the guaranteed maximums and guaranteed minimums shown in the Policy Specifications, we can change these charges based on certain contractually identified factors.  We can also change interest rates credited to this Policy at any time based on certain contractually identified factors subject to a minimum rate.

Simply put, premium, interest additions, and positive Separate Account performance increase the Accumulation Value. Both our charges and negative Separate Account performance decrease the Accumulation Value.  If additions exceed deductions, your Accumulation Value increases; if deductions exceed additions, your Accumulation Value decreases.  If the Surrender Value (Accumulation Value, less surrender charge, less Debt) becomes so small that we cannot take an entire Monthly Deduction, your Policy may terminate; see, however, the "Grace Period" provision and the "No-Lapse Provision".

The length of time your Policy remains In Force will vary based on changes in the following factors:

	


	
Frequency, timing, and amount of any premium payment(s).

	


	
Policy changes such as loans, partial surrenders, Death Benefit Option changes, increases or decreases in Specified Amount and the addition or removal of Riders.

	


	
Interest credited to your Accumulation Value from the Fixed Account.

	


	
Separate Account performance.

	


	
Monthly Deductions.

	


	
If the "No-Lapse Provision" is In Force and the No Lapse Test is met.

Interest   Do not assume that interest rates will remain constant for any extended period of time. We may change interest rates at any time on the Fixed Account and Persistency Bonus based on certain contractually identified factors subject to a guaranteed minimum rate.

Separate Account Performance   Separate Account performance can vary greatly, may increase or decrease on a daily basis, and is not guaranteed.  You are able to select, monitor and change Sub-Account choices to meet your objectives or investment conditions.

No-Lapse Provision   Your Policy provides for a "No-Lapse Provision" which can ensure that your coverage will continue regardless of Surrender Value as long as the required No-Lapse Premium is paid during the No-Lapse Period.  The length of the No-Lapse Period is shown in the Policy Specifications.

Note conditions that can impact whether the "No-Lapse Provision" will remain In Force include:

	


	
Partial Surrenders taken;

	


	
Debt; and

	


	
Continued payment of required No-Lapse Premium.

Monitoring Your Policy's Performance   We will send you an Annual Report (Statement of Account) of your Policy to help you monitor your Policy Values and compare it to your objectives when you purchased your Policy.  Ask your life insurance agent to explain anything you do not understand.  You may need to adjust your premiums to achieve your insurance objectives.  You may Request from us, at any time while your Policy is In Force, an in force projection of future death benefits and Policy Values.  We encourage you to Request an in force projection at least once each Policy Year, subject to the terms of the "Projection of Benefits and Values" provision of this Policy.  We are also available to answer your questions and assist you in making changes to your Policy.

(This Page Left Intentionally Blank)

Definitions

Accumulation Value   The sum of (1) the Fixed Account Value plus (2) the Separate Account Value plus (3) the Loan Account Value under this Policy, as described in the "Policy Values Provisions".

Administrator Mailing Address   The Administrator Mailing Address for this Policy is shown on the front cover.

Attained Age (Age)   The Insured's Issue Age plus the number of completed Policy Years that have elapsed since the Policy Date.  The Insured's Attained Age increases by one on each Policy Anniversary.  For purposes of this Policy, the Insured's Attained Age increase will always occur on the Policy Anniversary regardless of when the Insured's actual birthday occurs.

Beneficiary   The person(s) or entity(ies) named in the application for this Policy, unless later changed as provided for by this Policy, to whom we will pay the Death Benefit Proceeds upon the death of the Insured.

Cost of Insurance   The monthly cost of providing life insurance under this Policy.

Date of Issue   The date from which Suicide and Incontestability periods are measured.  The Date of Issue is shown in the Policy Specifications.

Death Benefit Proceeds   The amount payable upon the death of the Insured as described in the "Death Benefit Proceeds" provision.

Debt   The total of any outstanding loans against this Policy, including loan interest accrued but not yet charged.  May also be referred to as "Indebtedness".

Due Proof of Death   A certified copy of an official death certificate, a certified copy of a decree of a court of competent jurisdiction as to the finding of death, or any other proof of death satisfactory to us.

Evidence of Insurability   Evidence satisfactory to us related to the health, lifestyle, and financial and other circumstances that may impact the insurability of the Insured.

Fixed Account   An account to which you may allocate your Net Premium Payments and transfer values.  The Fixed Account is a part of the Company's general account, and Fixed Account assets are general assets of the Company. Fixed Account principal is not subject to market fluctuation and interest is credited at a rate not less than the Guaranteed Minimum Fixed Account Interest Rate as shown in the Policy Specifications.

In Force   Not terminated for any reason.

Insured   The person whose life is insured under this Policy.

Irrevocable Beneficiary   A Beneficiary named by you as irrevocable.  Any Beneficiary that you designate as irrevocable must provide consent for you to exercise certain ownership rights as specified in this Policy.

Issue Age   The Insured's age nearest birthday on the Policy Date.

Lapse   Terminate without value.

Loan Account   The account in which amounts equal to amounts loaned under this Policy for a Fixed Loan, including charged loan interest, accrue once transferred out of the Fixed Account and Sub-Accounts, as applicable.  The Loan Account is part of our general account.

Monthly Anniversary Day   The day of the month shown in the Policy Specifications when we deduct the Monthly Deduction, or the next Valuation Day if the Monthly Anniversary Day is not a Valuation Day.

Monthly Deduction  The amount deducted on each Monthly Anniversary Day from the Surrender Value for certain expenses and the Cost of Insurance, as described in the "Monthly Deduction" provision.

Net Premium Payment   The portion of a premium payment, after deduction of the Premium Load shown in the Table of Expense Charges and Fees in the Policy Specifications, available for allocation to the Fixed Account and any of the Sub- Account(s).

No-Lapse Premium   The required premium which must be paid to guarantee that this Policy will not Lapse during the specified No-Lapse Period as described in the "No-Lapse Provision", if applicable.

1940 Act   The Investment Company Act of 1940, as amended.

Notice, Election, Request (In Writing)   With respect to any Notice, Election or Request to us, this term means a written form of communication satisfactory to us and received at our Service Office. We retain the right to agree in advance to accept communication by telephone or some other form of transmission, in a manner we prescribe. We will not be responsible for any action we take or allow before we receive a communication at our Service Office. With respect to any Notice, Election or Request from us to you or any other person, this term means a written form of communication by ordinary mail to such person at the most recent address in our records. If agreed to in advance by you, we may also send communication to you by some other form of transmission.

Owner   The person(s) or entity(ies) shown in the Policy Specifications who may exercise rights under this Policy, unless later changed as provided for by this Policy.  If no Owner is designated, the Insured will be the Owner.

Policy Anniversary   The same date (month and day) each Policy Year equal to the Policy Date, or the next Valuation Day if the Policy Anniversary is not a Valuation Day.

Policy Date   The date on which life insurance begins if the necessary premium has been paid.  This is also the date from which Monthly Anniversary Days, Policy Anniversaries, Policy Months, Policy Years, and Planned Premium due dates are determined.

Policy Month   The period from one Monthly Anniversary Day up to, but not including, the next Monthly Anniversary Day.

Policy Specifications   The pages of this Policy which show your benefits, premium, costs, and other Policy information.

Policy Year(s)   The one year period beginning on the Policy Date and ending one day before the Policy Anniversary and each subsequent one year period beginning on a Policy Anniversary.

Premium Class   The Insured's classification for this Policy, determined by our underwriting evaluation, as shown in the Policy Specifications.

SEC   The Securities and Exchange Commission.

Separate Account   A segregated account including the Sub-Account(s) thereunder, to which Net Premium Payments are, or have been allocated, or amounts may be transferred to.  Separate Account assets are not chargeable with the Company's general liabilities.  The investment performance of Separate Account assets is kept separate from the Company's general assets.

Specified Amount   The amount you chose which is used to determine the amount of death benefit and the amount of Rider benefits, if any.  The Minimum Specified Amount allowable under this Policy and the Specified Amount at issue ("Initial Specified Amount") are shown in the Policy Specifications.  The Specified Amount may be increased or decreased as described in this Policy.

Sub-Account(s)   Divisions of the Separate Account created by the Company to which you may allocate your Net Premium Payments and among which amounts may be transferred.

Surrender Value   The Accumulation Value on the date of surrender or partial surrender, less any Debt, and less any applicable surrender charge shown in the Table of Surrender Charges in the Policy Specifications.

Underlying Fund(s)   The Underlying Funds are the investments within the Sub-Account(s) to which the Net Premium Payments may be allocated.  See "Investments of the Sub-Accounts" provision for additional details.

Valuation Day   Any day on which the New York Stock Exchange is open for business, except a day during which trading on the New York Stock Exchange is restricted or on which an SEC-determined emergency exists or on which the valuation or disposal of securities is not reasonably practicable, as determined under applicable law.

Valuation Period   The period beginning immediately after the close of business on a Valuation Day and ending at the close of business on the next Valuation Day.

Variable Accumulation Unit   A unit of measure used to calculate the value of a Sub-Account as described in the "Variable Accumulation Unit Value" provision.

You, your   The Owner(s) of this Policy.

We, our, us   The Company.

The Contract

Entire Contract   This Policy, the application for this Policy, and any Amendment(s), Endorsement(s), Rider(s), and supplemental application(s) that may be attached are the entire contract between you and us.  All statements made in the application will, in the absence of fraud, be deemed representations and not warranties.  We will not use any statement to contest this Policy unless it is contained in an application and a copy of the application is attached to this Policy when issued.

Changes to Contract Terms   Only an authorized Officer of the Company may make or modify the terms of the Policy or any of its Amendments, Endorsements or Riders.  Any such changes must be provided in a Notice in order to be effective.

We reserve the right to make changes in this Policy or to make distributions from this Policy to the extent we deem necessary, in our sole discretion, to continue to qualify this Policy as life insurance.  Any such changes will apply uniformly to all Policies that are affected. You will be given advance Notice of such changes.

Non-Participating   This Policy is not entitled to share in surplus distribution.

Misstatement of Age or Sex   If the date of birth or sex of the Insured is misstated, we will adjust the Death Benefit Proceeds to the amounts that would have been purchased by the most recent Cost of Insurance deduction at the correct Issue Age and sex. No adjustment will be made to the Accumulation Value of the Policy.

Incontestability   Except for nonpayment of premium, this Policy will be incontestable after it has been In Force for 2 years from the Date of Issue shown in the Policy Specifications.  This means that we will not use any misstatement in the application to challenge a claim or contest liability after that time.

Any increase in the Specified Amount effective after the Date of Issue will be incontestable only after such increase has been In Force for 2 years.  The basis for contesting an increase in Specified Amount will be limited to material misrepresentations made in the supplemental application for the increase.

If this Policy is reinstated, the basis for contesting after reinstatement will be:

	
a.

	
limited to the remainder of the original contestable period, if any, for material misrepresentations made in the original application; and

	
b.

	
limited for a period of 2 years from the date of reinstatement for material misrepresentations made in the reinstatement application.

Ownership

Rights of Owner   While an Insured is living except as provided below and subject to any applicable state law, you may exercise all rights under this Policy including, but not limited to, the right to:

	
a.

	
return this Policy under the "Right to Examine this Policy" provision;

	
b.

	
surrender this Policy;

	
c.

	
agree with us to any change in or amendment to this Policy;

	
d.

	
transfer all your rights to another person or entity;

	
e.

	
change the Beneficiary (unless you specifically submit a Request to not to reserve this right);

	
f.

	
assign this Policy;

	
g.

	
effect a loan;

	
h.

	
effect a transfer to or from the Fixed Account or Sub-Account(s);

	
i.

	
make premium payments that are to be allocated to the Fixed Account or Sub-Account(s);

	
j.

	
effect a partial surrender (i.e. withdrawal); and

	
k.

	
effect a reinstatement.

You must have the consent of any assignee recorded with us to exercise your rights under this Policy.  You may exercise your rights subject to the consent of any Irrevocable Beneficiary, subject to any applicable law.

Unless provided otherwise, if you are not the Insured and you die before the Insured, all of your rights under this Policy will transfer and vest in your executors, administrators or assigns.

Transfer of Ownership   You may transfer all of your rights under this Policy by submitting a Request.  The Request does not need to be signed by the Beneficiary unless you have designated an Irrevocable Beneficiary.  You may revoke any transfer prior to its effective date by submitting a Request.  A transfer of ownership, or a revocation of transfer, will not take effect until recorded by us.  Once we have recorded the transfer or revocation of transfer, unless a future date is specified by you, it will take effect as of the date of the latest signature on the Request.  Any payment made or any action taken or allowed by us before we receive the transfer or revocation of transfer will be without prejudice to us.

On the effective date of transfer, the transferee will become the Owner and will have all the rights and be subject to the limitations of the Owner as described under the "Rights of Owner" provision of this Policy.  Unless you direct us otherwise, a transfer will not affect the interest of any Beneficiary designated prior to the effective date of transfer.

Assignment   Assignment of this Policy must be submitted by Request and will take effect as of the date the assignment is signed.  We will not be responsible for any action we take or allow before we receive a communication at our Administrator Mailing Address.   We will not be responsible for the validity or sufficiency of any assignment.  While an assignment is in effect, to the extent provided under the terms of the assignment, an assignment will:

	
a.

	
transfer the interest of any designated transferor; and

	
b.

	
transfer the interest of any Beneficiary, unless an Irrevocable Beneficiary has been designated.

Some Important Things You Should Do

	
a.

	
Provide us with any change in your mailing address in a timely manner.

	
b.

	
Pay sufficient premiums on time to keep your Policy In Force.

	
c.

	
Notify us of any change in Beneficiary.

Beneficiary

Beneficiary   You may designate more than one Beneficiary.  If you designate more than one Beneficiary, any Death Benefit Proceeds payable will be paid in equal shares to the survivors in the appropriate Beneficiary class, unless you submit a Request otherwise.  If no Beneficiary is alive when the Death Benefit Proceeds become payable or in the absence of any Beneficiary designation, the Death Benefit Proceeds will transfer and vest in you or in your executors, administrators or assigns.

Change of Beneficiary   While the Insured is alive, you may change the Beneficiary by submitting a Request.  Any change will take effect as of the date the Request is signed.  The Insured need not be living when the requested change is recorded by us, however the requested change must be delivered to us prior to the death of the Insured. The Beneficiary does not have to sign the Request unless you have designated an Irrevocable Beneficiary.  Any payment made or any action taken or allowed by us before we record the change of Beneficiary will be without prejudice to us.

Insurance Coverage and Death Benefit Provisions

Date of Coverage   The dates of coverage under this Policy will be as follows:

	
a.

	
For all coverages provided in the original application, the effective date of coverage will be the Policy Date provided the initial premium has been paid and the Policy has been accepted by you (1) while the Insured is living and (2) prior to any change in the Insured's health or any other factor affecting insurability of the Insured as represented in the application for this Policy.

	
b.

	
For any increase, decrease, or addition to coverage, the effective date of coverage will be the Monthly Anniversary Day on or next following the day we approve the application for the increase, decrease, or addition to coverage, and the first month's Cost of Insurance for the increase, if applicable, is deducted as described in the "Increase to Specified Amount" provision, provided the Insured is living on such day.

	
c.

	
For any insurance that has been reinstated, the effective date of coverage will be the date as described in the "Reinstatement" provision.

Termination of Coverage   All coverage under this Policy terminates on the first of the following to occur:

	
a.

	
a full surrender of this Policy;

	
b.

	
the Insured's death; or

	
c.

	
failure to pay the amount of premium necessary to avoid termination before the end of any applicable grace period.

No action by us after this Policy has terminated, including any Monthly Deduction made effective after termination of coverage, will constitute a reinstatement of this Policy or waiver of the termination.  Any such deduction will be refunded.

Death Benefit Proceeds   If the Insured dies while this Policy is In Force and upon Notice of Claim, we will pay Death Benefit Proceeds equal to the greater of:

	
a.

	
the amount determined under the Death Benefit Option in effect on the date of the Insured's death, less any Debt; or

	
b.

	
an amount equal to the Accumulation Value on the date of the Insured's death multiplied by the applicable percentage shown in the Corridor Percentages Table in the Policy Specifications, less any Debt.

Death Benefit Options   The Death Benefit Option on the Policy Date is shown in the Policy Specifications.  This Policy provides for the following Death Benefit Options:

	
a.

	
Death Benefit Option 1 (Level): The Specified Amount on the date of the Insured's death less any partial surrenders after the date of death.

	
b.

	
Death Benefit Option 2 (Increasing): The greater of: 1) the Specified Amount on the date of the Insured's death plus the Accumulation Value on the date of death, less any partial surrenders after the date of death; or 2) the Specified Amount on the date of death, multiplied by the Death Benefit Option 2 Factor as shown in the Policy Specifications, if Death Benefit Option 2 is elected, less any partial surrenders after the date of death.

	
c.

	
Death Benefit Option 3 (Increase by Premium): The Specified Amount on the date of the Insured's death plus the Accumulated Premium as described below on the date of death, less any partial surrenders on the date of death. The Death Benefit Option 3 Limit shown in the Policy Specifications is the maximum death benefit under this option, if Death Benefit Option 3 was elected at issue.

Accumulated Premium for Death Benefit Option 3   The Accumulated Premium is determined on each Monthly Anniversary Day and equals the sum of all premiums paid less any partial surrenders.  The Accumulated Premium will never be less than zero.  Any premium paid that will cause the death benefit to exceed the Death Benefit Option 3 Limit will be applied to this Policy, but will only increase the death benefit up to the Death Benefit Option 3 Limit.

Notice of Claim   You or someone on your behalf must provide us with Notice of Due Proof of Death of the Insured within 30 days or as soon as reasonably possible after the death of the Insured.

Income Tax on Death Benefits   This Policy is intended to qualify as life insurance under the Internal Revenue Code so that the Death Benefit Proceeds, not including interest from the date of the Insured's death, will not be taxable as income to the Beneficiary(ies).  To do so, this Policy must qualify under one of two tests, the Cash Value Accumulation Test or the Guideline Premium Test as defined in the Internal Revenue Code Section 7702.  The Death Benefit Qualification Test for this Policy is shown in the Policy Specifications and cannot be changed.  Unless you Elect otherwise when applying for this Policy, the Death Benefit Qualification Test is the Guideline Premium Test.

Suicide   If the Insured commits suicide, whether sane or insane, within 2 years from the Date of Issue, the Death Benefit Proceeds will be limited to a refund of the premiums paid less any Debt and any partial surrenders.

If the Insured commits suicide, whether sane or insane, within 2 years from the date of any increase in the Specified Amount, the Death Benefit Proceeds with respect to such increase will be limited to a refund of the monthly charges paid for the cost of the increase in the Specified Amount.

Method of Payment   Upon the Insured's death while the Policy is In Force, Death Benefit Proceeds may be paid in a lump sum or left with us for payment under a settlement option that we make available.

Interest on Death Benefit   We will pay interest on any Death Benefit Proceeds payable only as required by applicable law.

Continuation of Coverage After Insured's Attained Age 121   Unless otherwise agreed to by you and us, if this Policy is In Force at the Insured's Attained Age 121 (but not in the grace period), the Separate Account Value, if any, will be transferred to the Fixed Account on the next Policy Anniversary Day after the Insured's Attained Age 121.  No further premium payments will be allowed and we will:

	
a.

	
continue to credit interest to the Fixed Account as described in the "Interest Credited Under Fixed Account" provision;

	
b.

	
no longer charge Monthly Deductions under this Policy;

	
c.

	
not allow any changes to the Specified Amount;

	
d.

	
change the Death Benefit Option to Death Benefit Option I, if applicable, and not allow any more changes;

	
e.

	
allow loans and partial surrenders to be taken.  Loan interest rates will apply as shown in the Policy Specifications and loan repayments can continue to be made.  You may repay all or part of a loan at any time while this Policy is In Force; and

	
f.

	
continue this Policy In Force until it is surrendered or the Death Benefit Proceeds become payable.

This provision will not continue any Rider attached to this Policy beyond the date for such Rider's termination, as provided in the Rider.

If this Policy is in the grace period at the Insured's Attained Age 121, you will need to pay the minimum amount required to remove this Policy from the grace period in order to guarantee continuation of this Policy beyond the Insured's Attained Age 121.

With regards to the changes in benefits detailed under this provision, there is some uncertainty whether this Policy would continue to qualify as life insurance in the year the Insured reaches Attained Age 121. There is also some uncertainty whether you would be viewed as constructively receiving the Accumulation Value at any time when this Policy's Accumulation Value is equal to the death benefit. You should consult a tax advisor concerning these issues.

Changes in Insurance Coverage

Upon your Request while the Insured is living, the insurance coverage may be changed as described in this section.

Changes in insurance coverage will be effective on the Monthly Anniversary Day on or next following the date we approve your Request for the change, unless another date acceptable to us is requested.

Increases in Specified Amount   Subject to you providing us with Evidence of Insurability, the Specified Amount may be increased. There is a minimum as to how much it may be increased and a maximum number of times it may be increased.  The Minimum Specified Amount Increase, Maximum Number of Specified Amount Increases per Policy Year, and the Maximum Attained Age for a Specified Amount Increase are shown on the Policy Specifications. If you increase the Specified Amount, there will be additional Surrender Charges in the event you request a surrender of this Policy.  Please refer to the "Surrender Charge for Full Surrender" provision of this Policy.  Other charges, such as the Cost of Insurance and other charges that are calculated based on the Policy's Specified Amount will also be increased.

Decreases in Specified Amount   A decrease in Specified Amount may be made subject to the Minimum Specified Amount Decrease and Maximum Number of Specified Amount Decreases per Policy Year as shown in the Policy Specifications. The Specified Amount may not be decreased below the Minimum Specified Amount shown in the Policy Specifications.  Any decrease in Specified Amount will be deducted in the following order: (a) from the most recent Specified Amount increase, if any; (b) successively from the next most recent Specified Amount increase, if any; and (c) from the initial Policy Specified Amount.  At least 12 months must elapse after an increase before a decrease in Specified Amount can be made.  If you choose to decrease the Specified Amount, a surrender charge, based on the Table of Surrender Charges shown in the Policy Specifications, will be applied as described in the "Surrender Provisions" under the "Charge for Decrease in Specified Amount" provision. Please note that we will not allow a decrease in Specified Amount below the minimum Specified Amount required to maintain the qualification of this Policy as life insurance under the Internal Revenue Code.

Changes in Death Benefit Option   After the first Policy Year, you may change the Death Benefit Option as described below.  You may change from Death Option 2 to Death Benefit Option 1.  If you do, the Specified Amount will be increased by the greater of the Accumulation Value or the Specified Amount multiplied by the Death Benefit Option 2 Factor. You may change from Death Benefit Option 3 to Death Benefit Option 1.  If you do, the Specified Amount will be increased by an amount equal to the Accumulated Premium, up to the Death Benefit Option 3 Limit. We will not allow a change to Death Benefit Option 2 or to Death Benefit Option 3.

Premium Class Changes   Premium Class changes (such as a change in Tobacco User status) may occur upon your Request at any time after the first Policy Year, subject to Evidence of Insurability, and prior to the Insured's Attained Age 121.

Rider and/or Benefit Additions   If available, and subject to any underwriting guidelines and Evidence of Insurability requirements, you may submit a Request that Rider(s) and/or Benefits be added to this Policy after the Policy Date.

Change of Plan   This Policy may be exchanged for another Policy only if we consent to the exchange and all requirements for the exchange as determined by us are met.

Policy Split Prohibition   This Policy may not be split to create more than one individual life insurance policy on the life of the Insured.

Premium and Allocation Provisions

Payment of Premiums   The initial premium is due on the Policy Date and is payable on or before delivery of this Policy. All subsequent premium payments may be made at any time before the Insured's Attained Age 121 and in any amount, subject to the following provisions, unless we agree by us by Notice. However, sufficient premium must be paid to keep this Policy In Force.  Your premiums are payable in United States currency. We will provide a premium receipt signed by an officer of the Company upon Request as required by the laws of the state in which this Policy is delivered.  Please see "Planned Premiums" provision below.

Premium payments, after the first, can be made as follows:

	
a.

	
through prearranged withdrawals from a checking account or other designated account by contacting the Service Office; or

	
b.

	
sent to any premium address designated by us.

Sufficient premium payments must be paid in order to keep this Policy In Force.  A change in the frequency, timing and amount of any premium payment(s) may decrease or increase the length of time this Policy will remain In Force and additional premium payments may be required.

Planned Premiums    You choose how much premium you will pay and the frequency of such payments (the "Planned Premiums"). The Planned Premium you elected is shown in the Policy Specifications. You may change the amount and frequency of premium payments.  Changes in the amounts or frequency of such payments are subject to our approval. Any change in the Planned Premiums may impact the Policy values and benefits.  We will send premium reminder notices for the amounts and frequency of payments you establish.

Additional Premiums   You may make additional premium payments in an amount no less than the Minimum Additional Premium Payment Amount as shown on the Policy Specifications at any time before the Insured reaches Attained Age 121.  We reserve the right to limit the amount or frequency of any such additional premium payments in accordance with the "Compliance with the Internal Revenue Code" and "Modified Endowment" provisions. We also reserve the right to require Evidence of Insurability for any premium payment that would result in an immediate increase in the difference between the death benefit and the Accumulation Value.  If Evidence of Insurability is not received, the premium, or any portion of the premium, may be returned. Any additional payment we receive will be applied as premium and not to repay any outstanding loans, unless you submit a Request otherwise.

No-Lapse Provision   During the No-Lapse Period and subject to the limitations described in this provision, this Policy will not enter the grace period and Lapse if the No-Lapse Test is met.  The No-Lapse Period is shown in the Policy Specifications and varies by your Issue Age.  The No-Lapse Test and No-Lapse Premium are shown in the Policy Specifications.  As long as you have satisfied the No-Lapse Test, the No-Lapse Period applies for the entire length of the period but no longer.  Continuing to pay the No-Lapse Premium beyond the expiration of the No-Lapse Period does not guarantee that this Policy will not Lapse.

Increases in Specified Amount will increase the amount of No-Lapse Premium required to satisfy the No-Lapse Test. You will be notified of the increase in No-Lapse Premium required. Any such increase in Specified Amount will not extend the length of the No-Lapse Period.  Death Benefit Option changes, Premium Class changes, and the removal of any Riders may decrease the No-Lapse Premium required.  Decreases in Specified Amount will have no effect on the No-Lapse Premium required.

Premium Refund at Death   Any premium paid after the Insured's date of death will be refunded as part of the Death Benefit Proceeds, unless you submit a Request otherwise prior to our payment.

Premium Allocation Instructions   You must provide us with Notice of your premium allocation instructions.  These instructions direct how the Net Premiums will be allocated between the Fixed Account and Separate Account under this Policy.  One hundred percent of each Net Premium Payment must be allocated to these accounts.  Allocations must be made in whole percentages.

All Net Premium Payments received before the end of the Right to Examine Period will be allocated as described in the "Right to Examine this Policy" provision.

Subsequent Net Premium Payments will be allocated on the same basis as the most recent Net Premium Payment unless you submit a Request otherwise.

Account Allocation Instructions   You must provide us with Notice of your account allocation instructions to give further direction for allocating Separate Account Net Premiums among the Sub- Account(s).  These allocations must be made in whole percentages, and each set of allocations must total one hundred percent. Your allocations may be changed at any time.

Optional Sub-Account Allocation Programs

Program Participation   You may elect to participate in programs providing for Dollar Cost Averaging or Automatic Rebalancing, but may participate in only one program at a time. Transfers made in conjunction with either of these programs do not count against the free transfers available.

We reserve the right to modify the terms and conditions of, or suspend, these programs upon ninety (90) days advance Notice to you.

Dollar Cost Averaging   Dollar Cost Averaging systematically transfers specified dollar amounts from the account(s) specified by you.  The Account(s) available from which to transfer funds for Dollar Cost Averaging are shown in the Policy Specifications.  Transfer allocations may be made to 1 or more of the other Sub-Account(s) on a monthly basis or quarterly basis.  Allocations may not be made to the same account from which amounts are to be transferred.  Dollar Cost Averaging terminates automatically:

	
a.

	
if the value in the account(s) specified by you is insufficient to complete the next transfer;

	
b.

	
7 calendar days after we receive your Request for termination of Dollar Cost Averaging;

	
c.

	
after 12 or 24 months, as elected by you; or

	
d.

	
if this Policy is terminated.

Automatic Rebalancing   Automatic Rebalancing periodically restores the percentage of Accumulation Value allocated to each Sub-Account to a level pre-determined by you.  The pre-determined level is the allocation initially selected at the time of application, until changed by you. The Fixed Account is not subject to rebalancing.  If Automatic Rebalancing is elected, all Net Premium Payments allocated to the Sub-Accounts will be subject to Automatic Rebalancing.  Automatic Rebalancing will occur on a quarterly, semi-annual or annual basis, as elected by you. If Dollar Cost Averaging is also elected, the first rebalancing will occur after the Dollar Cost Averaging process terminates.

Grace Period, Continuation of Insurance and Reinstatement Provisions

Grace Period   This Policy will enter the grace period if on any Monthly Anniversary Day:

	
a.

	
The Surrender Value is less than the required Monthly Deduction due on the Monthly Anniversary Day for the current Policy Month; and

	
b.

	
The No-Lapse Test is not met during the No-Lapse Period or the No-Lapse Period has expired.

If on any Monthly Anniversary Day, the No-Lapse Test is met, this Policy will not enter the grace period and will not be subject to termination under this provision.

We allow a grace period of 61 days, beginning on the Monthly Anniversary Day this Policy enters the grace period, for payment of applicable required Net Premium Payment as follows:

	
1.

	
If the No-Lapse Period has not expired, we will require payment sufficient to satisfy the No-Lapse Test on the Monthly Anniversary Day immediately following the end of the grace period; or

	
2.

	
If the No-Lapse Period has expired, payment sufficient to maintain coverage for three Policy Months from the date this Policy enters the grace period (this would include the cost of Monthly Deductions due and unpaid during the grace period plus an amount sufficient to restore the Surrender Value to cover the cost of the Monthly Deduction due on the Monthly Anniversary Day immediately following the end of the grace period).

If the total amount paid to us during the grace period is not sufficient, all coverage under this Policy will Lapse.  However a greater amount will be accepted, as additional premium will be due after the end of this period to maintain coverage for additional Policy Months.

We will send a Notice to you and to any assignee of record at least 31 days before the end of the grace period. The Notice will state the amount of premium as noted above.  All coverage under this Policy will Lapse if you do not pay this amount on or before 61 days beginning on the date this Policy enters the grace period.  If the Insured dies within the grace period, we will deduct any overdue Monthly Deductions from the Death Benefit Proceeds.

As described in the "Loan Provisions", Debt reduces the Surrender Value.  Any increase in Debt, including loan interest due but not yet charged, may reduce the Surrender Value, and cause this Policy to enter the grace period.

Continuation of Insurance   If premiums are discontinued on any date, the Surrender Value on that date will be used to provide insurance under this provision. This Policy and all Amendments, Endorsements, and Riders will continue In Force according to their terms for as long as the Surrender Value is sufficient to cover the Monthly Deduction. If the Surrender Value is insufficient, the Policy will terminate according to the "Grace Period" provision except as provided under the "No-Lapse Provision".

Reinstatement   If this Policy has Lapsed as described in the "Grace Period" provision, you may reinstate this Policy within 5 years from the date of Lapse provided:

	
a.

	
this Policy has not been surrendered;

	
b.

	
the Insured has not died since the date of Lapse;

	
c.

	
you submit a Request and an application for reinstatement while the Insured is living;

	
d.

	
you submit Evidence of Insurability;

	
e.

	
you pay Net Premium equal to the Monthly Deductions due and unpaid during the grace period;

	
f.

	
you pay the lesser of the following:

	
i.

	
if the No-Lapse Period has not expired, Net Premium sufficient to satisfy the No-Lapse Test for at least 2 Policy Months after the date of reinstatement; or

	
ii.

	
if the No-Lapse Period has expired, Net Premium sufficient to keep this Policy and any reinstated Riders In Force for at least 2 Policy Months after the date of reinstatement.

	
g.

	
any accrued loan interest is paid, and any remaining Debt is either paid or reinstated.

If this Policy is reinstated within the No-Lapse Period, the "No-Lapse Provision" will also be reinstated.

In addition to the minimum required payment to keep this Policy In Force as stated in e. and f. above, we recommend that you resume your Planned Premium to provide coverage beyond the initial period following the date of reinstatement.  Please contact us if you need assistance in determining an updated Planned Premium.

The reinstated Policy will be effective as of the Monthly Anniversary Day on or next following the date on which we approve the application for reinstatement.  At the time of reinstatement, the surrender charge will be based on the duration from the original Policy Date as though this Policy had never Lapsed.

Policy Values Provisions

This Policy provides Policy Values which may be available to you for partial surrender, loans or full surrender. They are also used to calculate your Death Benefit Proceeds.  The following provisions describe how these values are calculated.

Accumulation Value   The Accumulation Value on the Policy Date will be equal to all Net Premium Payments made for this Policy as of the Policy Date, minus the Monthly Deduction for the current Policy Month.  The Accumulation Value of this Policy is the sum of the Fixed Account Value, Separate Account Value, and Loan Account Value.  Each of these is defined below.

At any point in time, we adjust the Accumulation Value by:

	
a.

	
adding the amount of Net Premium Payments made.

	
b.

	
subtracting the amount of any partial surrenders.

	
c.

	
adding any increases or subtracting any decreases as a result of market performance in the Sub-Account(s).

	
d.

	
adding interest credited under the Fixed Account and Loan Account.

	
e.

	
adding any Persistency Bonus(es).

	
f.

	
subtracting Monthly Deductions.

	
g.

	
subtracting all other expenses and fees as shown in the Table of Expense Charges and Fees in the Policy Specifications.

Fixed Account Value   At any point in time, we adjust the Fixed Account Value by:

	
a.

	
adding the amount of the Net Premium Payments allocated or other amounts transferred to the Fixed Account;

	
b.

	
subtracting the amount of any transfer from the Fixed Account;

	
c.

	
subtracting any portion of the Monthly Deduction deducted for the current Policy Month;

	
d.

	
subtracting any portion of a partial surrender deducted;

	
e.

	
subtracting any portion of the surrender charges due to any decrease in Specified Amount;

	
f.

	
adding any portion of Fixed Loan interest crediting;

	
g.

	
adding any portion of the Persistency Bonus credited;

	
h.

	
adding daily interest credited as explained in the "Interest Credited Under Fixed Account" provision.

Separate Account Value   The Separate Account Value, if any, for any Valuation Period is equal to the sum of the then stated values of all Sub-Account(s) under this Policy.  The stated value of each Sub-Account is equal to:

	
a.

	
the number of Variable Accumulation Units, if any, credited or debited to such Sub-Account with respect to this Policy;

	
b.

	
multiplied by the Variable Accumulation Unit Value of the particular Sub-Account for such Valuation Period.

Variable Accumulation Unit Value   Net Premium Payments, or any portion of Net Premium Payments, allocated, or amounts transferred, to each Sub-Account are converted into Variable Accumulation Units by dividing the amount allocated or transferred by the unit value of the applicable Sub-Account on the date of the conversion.

The Variable Accumulation Unit Value for a Sub-Account for any Valuation Period after the inception of the Sub-Account is equal to (a) minus (b), divided by (c), where:

	
(a)

	
is the total value of Underlying Fund shares held in the Sub-Account, (calculated as (a) the number of Underlying Fund shares owned by the Sub-Account at the beginning of the Valuation Period multiplied by (b) the net asset value per share of the Underlying Fund at the end of the Valuation Period, plus (c) any dividend or other distribution of the Underlying Fund made during the Valuation Period);

	
(b)

	
is the liabilities of the Sub-Account at the end of the Valuation Period.  Such liabilities include a daily charge imposed on the Sub-Account, if any, and may also include a charge or credit with respect to any taxes paid or reserved for by the Company that we determine result from the operations of the Separate Account; and

	
(c)

	
is the number of Variable Accumulation Units for that Sub-Account outstanding at the beginning of the Valuation Period.

The daily charge imposed on a Sub-Account for any Valuation Period is equal to the M&E, if any, charge described in the "Mortality and Expense Risk ("M&E") Charge" provision, multiplied by the number of calendar days in the Valuation Period.  The Variable Accumulation Unit value may increase or decrease from Valuation Period to Valuation Period.

Loan Account Value   The Loan Account Value, if any, with respect to this Policy, is the amount of any Fixed Loan(s), including any interest charged on the loan(s), less any amounts as described under the "Loan Repayment" provision taking into account the amounts described in the "Interest Credited Under Loan Account" provision.

Interest Credited Under Fixed Account   We will credit interest to the Fixed Account daily. The interest rate applied to the Fixed Account will never be less than the Guaranteed Minimum Fixed Account Interest Rate shown in the Policy Specifications.  Interest in excess of the guaranteed rate may be applied as determined by us. Such interest is referred to in this Policy as excess interest and is not guaranteed.  Interest will begin to accumulate as of the date the Net Premium Payment or any value is directed to the Fixed Account.

Interest Credited Under Loan Account   We will credit interest to the Loan Account daily.  The interest rate applied to the Loan Account is shown in the Policy Specifications.  Such loan interest amount will be transferred on each Monthly Anniversary Day on the same basis as the most recent Net Premium Payment allocations.

Mortality and Expense Risk ("M&E") Charge   We will subtract a mortality and expense risk ("M&E") charge, if any, from each Sub-Account at the end of each Valuation Period.  This charge will not exceed the following:

	
a.

	
the Guaranteed Maximum Mortality and Expense Risk Daily Charge Rate;

	
b.

	
multiplied by the value of the Sub-Account; and

	
c.

	
multiplied by the number of calendar days in the Valuation Period.

The rate used to calculate this charge is guaranteed not to exceed the Guaranteed Maximum M&E Charge Rate shown in the Table of Expense Charges and Fees in the Policy Specifications.

Fees Associated with the Underlying Funds   Underlying Fund operating expenses may be deducted by each Underlying Fund as set forth in its prospectus.

Persistency Bonus   Beginning with the Policy Year shown in the Policy Specifications and on each Monthly Anniversary Day thereafter, we will credit a Persistency Bonus to the Fixed Account and any of the Sub-Account(s) in the same proportion as the balances invested in the total of such account(s) as of the date the credit is applied.  The Persistency Bonus for a Policy Month will no less than:

	
a.

	
the monthly Guaranteed Minimum Persistency Bonus Rate Credited to Fixed Account and Sub-Account(s) shown in the Policy Specifications;

	
b.

	
multiplied by the Fixed Account Value plus the Separate Account Value.

A higher Persistency Bonus Rate may be applied as determined by us.

Monthly Deduction   Each Policy Month, beginning with the Policy Date and on each Monthly Anniversary Day thereafter, we will subtract the Monthly Deduction from the Fixed Account and any Sub-Account(s) in the same proportion as the balances invested in the total of such account(s) as of the date on which the deduction is made, unless otherwise agreed to by you and us In Writing.

The Monthly Deduction for a Policy Month equals:

	
a.

	
the Monthly Administrative Fee not to exceed the Guaranteed Maximum Monthly Administrative Fee as described in the Table of Expense Charges and Fees in the Policy Specifications;

	
b.

	
plus the Cost of Insurance as described in the "Cost of Insurance" provision;

	
c.

	
plus the monthly cost of any Riders and optional benefits.

Cost of Insurance   This Policy's monthly Cost of Insurance will be equal to (a) multiplied by the result of (b) minus (c), where:

	
(a)

	
is the Cost of Insurance rate as described in the "Cost of Insurance Rates" provision;

	
(b)

	
is the death benefit at the beginning of the Policy Month, divided by the Net Amount at Risk Discount Factor shown in the Policy Specifications, divided by 1,000; and

	
(c)

	
is the Accumulation Value at the beginning of the Policy Month after the deduction of the Monthly Administrative Fee but prior to the deduction for the monthly Cost of Insurance, divided by 1,000.

Cost of Insurance Rates   The monthly Cost of Insurance Rates are determined by us.  The Cost of Insurance Rates will not exceed the amounts described in the Policy Specifications.  We may use rates lower than the guaranteed maximum rates.

If the Insured is in a rated Premium Class, the monthly Cost of Insurance rates equal:

	
a.

	
the then applicable Cost of Insurance Rate;

	
b.

	
multiplied by the Risk Factor, if any, shown in the Policy Specifications;

	
c.

	
plus the applicable Flat Extra charge, if any, shown in the Policy Specifications.

Basis of Values   Minimum Policy values are based on the mortality assumptions and interest rates shown in the Policy Specifications.  The values of this Policy are at least equal to the minimum required by law.  If required, a detailed statement of the method used to determine Policy Values and reserves has been filed with the state in which this Policy is delivered.

Changes in Rates and Charges   Subject to the guaranteed maximums and guaranteed minimums shown in the Policy Specifications, we may change the rates and charges that apply to your Policy.  Among the rates and charges that can change are the monthly Cost of Insurance Rates, excess interest rates credited to the Fixed Account, Persistency Bonus Rate, mortality and expense charges and administrative fees. We will not make any changes to these rates and charges in order to distribute past gains or recoup past losses.

If a change in Cost of Insurance Rates is made, it will be based on our expectations at that time as to future cost factors, which may include, but are not limited to mortality, investment earnings, persistency, expenses (including reinsurance costs and taxes), policy funding, net amount at risk, loan utilization, capital requirements, and reserve requirements.  Any change will apply uniformly to all individuals of the same Premium Class and policy duration as the Insured.

Separate Account Provisions

Separate Account   You may allocate your Net Premium Payments and Accumulation Value (except for Loan Account Value) to the Sub-Account(s), which are divisions of the Separate Account shown in the Policy Specifications.  The Separate Account was established by a resolution of our Board of Directors as a "separate account" under the insurance law of our state of domicile. The Separate Account under which there are Sub-Accounts is registered as a unit investment trust under the 1940 Act.  The assets of the Separate Account (except assets in excess of the reserves and other contract liabilities of the Separate Account) will not be chargeable with liabilities arising out of any other business conducted by us. The income, gains or losses from the Separate Account's assets will be credited or charged against the Separate Account without regard to the income, gains or losses of the Company.  Separate Account assets are owned and controlled exclusively by us, and we are not a trustee with respect to such assets.

We may change the investment policy of the Separate Account at any time. If required by the Insurance Commissioner, we will file any such change for approval with the Department of Insurance in our state of domicile, and in any other state or jurisdiction where this Policy is issued.

Sub-Accounts   The Separate Account is divided into Sub-Accounts.  The assets of each Sub-Account will be invested fully and exclusively in shares of the appropriate Underlying Fund for such Sub-Account. The investment performance of each Sub-Account will reflect the investment performance of the appropriate Underlying Fund.  For each Sub-Account, we will maintain Variable Accumulation Units as a measure of the investment performance of the Underlying Fund shares held in such Sub-Account. We may add or delete Sub-Accounts at any time.

Investments of the Sub-Accounts   All amounts allocated or transferred to a Sub-Account will be used to purchase shares of the appropriate Underlying Fund.  Each Underlying Fund will at all times be registered under the 1940 Act as an open-end management investment company.  After due consideration of appropriate factors, we may eliminate or substitute Underlying Funds in accordance with the "Underlying Fund Withdrawal and Substituted Securities" provision. Any and all distributions made by an Underlying Fund will be reinvested in additional shares of that Underlying Fund at net asset value.  Deductions by us from a Sub-Account will be made by redeeming a number of Underlying Fund shares at a net asset value equal in total value to the amount to be deducted.

Investment Risk   Underlying Fund share values fluctuate, reflecting the risks of changing economic conditions and the ability of an Underlying Fund's investment adviser or sub-adviser to manage that Underlying Fund and anticipate changes in economic conditions.  You bear the entire investment risk of gain or loss of the Separate Account assets under this Policy.

Underlying Fund Withdrawal and Substituted Securities   If a particular Underlying Fund ceases to be available for investment, or if we determine that further investment in a particular Underlying Fund is not appropriate in view of the purposes of the Separate Account (including without limitation that it is not appropriate in light of legal, regulatory or Federal income tax considerations), we  may withdraw that particular Underlying Fund as a possible investment under the Separate Account and may substitute shares of a new or different Underlying Fund for shares of the withdrawn Underlying Fund.  We will obtain any necessary regulatory or other approvals prior to taking this action.  We may make appropriate Endorsements to this Policy to the extent reasonably required to reflect any withdrawal or substitution.

Transfer Privilege Provisions

Transfer Privilege   At any time while this Policy is In Force, other than during the Right to Examine Period, you have the right to transfer amounts among the Fixed Account and Sub-Account(s) available under this Policy, subject to the "Rights of Owner" provision.  All such transfers are subject to the following:

	
a.

	
Transfers may be made by Request, subject to our consent.  Our consent is revocable upon Notice to you.

	
b.

	
Transfer Requests must be received in a form acceptable to us at the Administrator Mailing Address prior to the time of day set forth in the prospectus and on a Valuation Day in order to be processed as of the close of business on the date the request is received; otherwise, the transfer will be processed on the next Valuation Day.

	
c.

	
We will not be responsible for (1) any liability for acting in good faith upon any transfer instructions given by internet or telephone, or (2) the authenticity of such instructions.

	
d.

	
A single transfer Request may consist of multiple transactions.

	
e.

	
The amount being transferred may not exceed the maximum transfer amount limit, if any then in effect as established by an Underlying Fund to which you have premium allocated.

	
f.

	
The amount being transferred may not be less than the Minimum Transfer Amount shown in the Policy Specifications unless the entire value of the Fixed Account or Sub-Account is being transferred.

	
g.

	
Any value remaining in the Fixed Account or a Sub-Account following a transfer may not be less than the Minimum Remaining Value of the Fixed Account or any Sub-Account(s) After a Transfer as shown in the Policy Specifications.

	
h.

	
Transfers involving Sub-Account(s) will reflect the purchase or cancellation of Variable Accumulation Units having an aggregate value equal to the dollar amount being transferred to or from a particular Sub-Account. The purchase or cancellation of such units will be made using Variable Accumulation Unit Values of the applicable Sub-Account for the Valuation Period during which the transfer is effective. Transfers involving Sub-Accounts will be subject to such additional terms and conditions as may be imposed by the corresponding Underlying Funds.

Transfer Fees   We reserve the right to charge a fee for each transfer request in excess of the Policy Year's maximum number of transfers as shown in Policy Specifications. The Transfer Fee will not exceed the Transfer Fee shown in the Table of Expense Charges and Fees of the Policy Specifications. Transfer fees may be deducted on a pro-rata basis from the Fixed Account and/or Sub-Account(s) from which the transfer is being made.

Transfers from the Fixed Account   Transfers from the Fixed Account will not be made prior to the first Policy Anniversary except as provided under the Dollar Cost Averaging or Automatic Rebalancing programs.  The amount of all transfers in any Policy Year will not exceed the amount shown under the Limitations on Transfers from the Fixed Account in the Policy Specifications.  We reserve the right to waive this limit.

Transfers from a Sub-Account   Transfers which request that amounts be transferred from one or more Sub-Account(s) may be:

	
a.

	
refused if the Underlying Fund refuses a transfer request from us; or

	
b.

	
restricted or prohibited, based upon instructions received from the Underlying Fund as a result of the review of information about your trading activity which we have provided to the Underlying Fund.

Change of Terms and Conditions   We reserve the right to change the terms and conditions of the "Transfer Privilege Provisions" in response to changes in legal or regulatory requirements.  Further, we reserve, at our sole discretion, the right to limit or modify transfers that may have an adverse effect on other Policy Owners.   Transfer rights may be restricted in any manner or terminated until the beginning of the next Policy Year if we determine that your use of the transfer right may disadvantage other Policy Owners.

Surrender Provisions

Surrender   Upon Request, you may surrender this Policy for its Surrender Value while this Policy is In Force and the Insured is living.  Surrender of this Policy is effective on the Valuation Day we receive both this Policy and your Request for surrender.  All coverage under this Policy will terminate upon surrender for its Surrender Value.

The Surrender Value will be paid in a lump sum unless you choose a settlement option we make available.  Any deferment of payments will be subject to the "Deferment of Payments" provision.

Surrender Charges   If you submit a Request for either a full surrender of this Policy or a decrease in Specified Amount, a charge will be assessed based on the Table of Surrender Charges shown in the Policy Specifications, subject to the conditions described in the provisions below.

Charge for Decrease in Specified Amount   For decreases in Specified Amount, excluding full surrender of this Policy, the surrender charge, if any, will be calculated as described in the Table of Surrender Charges in the Policy Specifications.

The amount of any charge for a decrease in Specified Amount will be deducted from the Fixed Account and any Sub- Account(s) in the same proportion as the balances invested in the total of such account(s) as of the date on which the deduction is made.

We may limit Requests for decreases in Specified Amount to the extent there is insufficient Surrender Value to cover the necessary charges.

Surrender Charge for Full Surrender   Upon full surrender of this Policy, the surrender charge equals:

	
a.

	
the entire amount shown in the Table of Surrender Charges in the Policy Specifications;

	
b.

	
multiplied by one minus the percentage of Initial Specified Amount for which a surrender charge was previously assessed, if any.

In no event will the charge assessed upon a full surrender exceed the then current Accumulation Value less any Debt.

A new schedule of surrender charges will apply with respect to each increase in Specified Amount.  For purposes of calculating charges for full surrenders of, or decreases in, such increased Specified Amounts, the amount of the increase will be considered a new "Initial Specified Amount".

Partial Surrender (i.e. Withdrawal)   Upon Request and subject to our consent, you may make a partial surrender from this Policy on any Valuation Day while this Policy is In Force.  Our consent is revocable upon Notice to you.  Any deferment of payment of a partial surrender will be subject to the "Deferment of Payments" provision.

The amount of the partial surrender Requested is subject to the Amount of Partial Surrenders as shown in the Policy Specifications.

The Specified Amount remaining after the partial surrender must be greater than the Minimum Specified Amount shown in the Policy Specifications.  The amount of the partial surrender will be withdrawn from the Fixed Account and/or Sub- Account(s) in the same proportion as the balances invested in the total of such account(s) as of the date on which the deduction is made.

Any surrender from Sub-Account(s) will result in the cancellation of Variable Accumulation Units which have an aggregate value on the date of the surrender equal to the total amount by which each Sub-Account is reduced.  The cancellation of such units will be based on the Variable Accumulation Unit Value of each Sub-Account determined at the close of the Valuation Period during which the surrender is effective.

Effect of Partial Surrenders on Accumulation Value and Specified Amount   As of the end of the Valuation Day on which there is a partial surrender, the Accumulation Value will be reduced by the amount of the partial surrender.

If Death Benefit Option 1 is in effect, the Death Benefit Proceeds will be reduced.  The Specified Amount may also be reduced.  The amount of the reduction will be equal to the greater of:

	
a.

	
zero; or

	
b.

	
an amount equal to the amount of the partial surrender minus the greater of i) zero or ii) the result of [(1) minus (2)] divided by (3), where:

	
(1)

	
is an amount equal to the Accumulation Value on the Valuation Day immediately prior to the partial surrender multiplied by the applicable percentage shown in the Corridor Percentages Table in the Policy Specifications;

	
(2)

	
is the Specified Amount immediately prior to the partial surrender; and

	
(3)

	
is the applicable percentage shown in the Corridor Percentages Table in the Policy Specifications.

If Death Benefit Option 2 is in effect, the Death Benefit Proceeds will be reduced by the amount of the partial surrender. The Specified Amount will not be reduced.

If Death Benefit Option 3 is in effect, the Accumulated Premium and the Death Benefit Proceeds will be reduced by the amount of the partial surrender.  If the amount of the partial surrender exceeds the Accumulated Premium, the Specified Amount will be reduced by the excess amount.

Loan Provisions

Loans   If this Policy has Surrender Value available, we will grant a loan against the Policy provided:

	
a.

	
a loan agreement is properly executed; and

	
b.

	
you make a satisfactory assignment of this Policy to us.

A Fixed Loan may be for any amount up to the then current Surrender Value.  We reserve the right to limit the amount on any loan to 90% of the current Surrender Value.  The amount borrowed will be paid within 7 calendar days of our receipt of your loan Request, except as specified in the "Deferment of Payments" provision.

Surrender Value enhancements provided under any Rider that may be attached to your Policy are not included in the amounts available for a loan.

The Minimum Loan Amount is shown in the Policy Specifications.  We reserve the right to modify this amount in the future.

Fixed Loan   We will withdraw an amount equal to the Fixed Loan from the Fixed Account and/or the Sub-Account(s) in the same proportion as the balances invested in the total of such account(s), unless you instruct us otherwise by Request. Such amounts will become part of the Loan Account. The outstanding loan balance at any time includes accrued interest on the Fixed Loan.

Loan Account   An amount equal to the amount of any Fixed Loan will be transferred out of the Fixed Account and/or Sub-Account(s), as described in the "Fixed Loan" provision, and into the Loan Account. Interest will be credited to the Loan Account as described in the "Interest Credited Under Loan Account" provision.  Please refer to the "Loan Account Value" provision.

Interest Rate Charged on Fixed Loan   Interest charged on the Fixed Loan will be at an annual rate as shown in the Policy Specifications, payable in arrears.  Interest charged on the Fixed Loan accrues daily and is payable on each Policy Anniversary or as otherwise agreed to In Writing by you and us.  If you do not pay the interest when it is due, the loan interest amount will be transferred out of the Fixed Account and any Sub-Account(s) in the same proportion as the balances invested in the total of such account(s) and into the Loan Account, unless both you and we agree otherwise by Request.

Loan Repayment   Debt may be repaid at any time during the lifetime of the Insured.  The minimum loan repayment is the Minimum Loan Repayment Amount shown in the Policy Specifications or the amount of the outstanding Debt, if less.

For a Fixed Loan, the Debt and the Loan Account Value will be reduced by the amount of any loan repayment. Any repayment of Debt, other than loan interest, will be allocated to the Fixed Account and/or Sub-Account(s) in the same proportion in which Net Premium Payments are currently allocated.

Debt   A loan against this Policy, unless repaid, will have an effect on the Surrender Value.  A loan reduces the then Surrender Value while repayment of a loan increases the Surrender Value.  Any Debt at time of settlement will reduce the Death Benefit Proceeds payable under this Policy.

If at any time the total Debt against this Policy, including interest accrued but not due, equals or exceeds the then current Accumulation Value less any applicable surrender charge, the Policy will enter the grace period as described in the "Grace Period" provision.

General Provisions

Annual Report   We will send you a report at least once a year without charge showing the activity of this Policy for the past Policy Year. The report will show:

	
a.

	
the Accumulation Value as of the reporting date;

	
b.

	
premiums paid, interest and amount credited to the Accumulation Value since the last report;

	
c.

	
the current death benefit;

	
d.

	
the current Policy values;

	
e.

	
any Premium Load, Administrative Fees, Monthly Deductions, Cost of Insurance, and partial surrenders deducted since the last report; and

	
f.

	
outstanding Debt.

This report will also include any other information required under the laws and regulations of the state in which this Policy is delivered.

Compliance with the Internal Revenue Code   This Policy is intended to qualify as life insurance under the Internal Revenue Code.  The Death Benefit Proceeds provided by this Policy are intended to qualify for the tax treatment accorded to life insurance under Federal law.   If at any time the premium paid under this Policy exceeds the amount allowable for such qualification, we will refund the premium to you with interest within 60 days after the end of the Policy Year in which the premium was received.  The interest rate used on any refund will be the excess premium's pro rata rate of return on the contract until the date we notify you that the excess premium and the earnings on such excess premium have been removed from this Policy.  Any interest may be taxable to you.

We reserve the right to increase the Death Benefit (which may result in larger charges under this Policy) or to take any other action deemed necessary to maintain this Policy's compliance with the federal tax definition of life insurance. We also reserve the right to refuse to make any change in the Specified Amount or any other change if such change would cause this Policy to fail to qualify as life insurance under the Internal Revenue Code.

Deferment of Payments   Any amounts payable as a result of loans, full surrender, or partial surrenders (i.e. withdrawals) will be paid within 7 calendar days after we receive your Request.  However, payment of amounts from the Sub-Account(s) may be postponed until the next Valuation Day.  Additionally, we reserve the right to defer the payment of such amounts from the Fixed Account for up to 6 months from the date we receive your Request. During any such deferred period, the amount payable will bear interest as required by law.  However, a loan or partial surrender for payment of premium to us will not be deferred.

Modified Endowment   Only with your Election, provided at the time of application or a later date, will this Policy be allowed to become a modified endowment contract under the Internal Revenue Code. Otherwise, if at any time the premiums paid under this Policy exceed the limit for avoiding modified endowment contract status, the excess premium will be held in a separate deposit fund, credited with interest, and will be used to pay future premium payments. The funds held in the separate deposit fund are not considered part of your Accumulation Value, and any interest may be taxable and you should consult a tax advisor if you have questions regarding this. If you instead elect to have the excess premium refunded to you, we will refund the excess premium to you with interest within sixty days after the end of the Policy Year in which the premium was received. The interest rate used on any refund or credited to the separate deposit fund created by this provision will be a rate of interest that we declare from time to time.  Any interest may be taxable to you.

Payment of Proceeds   Proceeds mean the amount payable:

	
a.

	
upon the full surrender of this Policy; or

	
b.

	
upon the Insured's death.

Upon the Insured's death, while this Policy is still In Force, the Proceeds payable will be the Death Benefit Proceeds.  Such Death Benefit Proceeds are payable subject to receipt of Due Proof of Death of the Insured.  If the Insured dies within the grace period, we will deduct any overdue Monthly Deductions from the Death Benefit Proceeds plus interest, if applicable.

If this Policy is surrendered before the Insured's death, the Proceeds payable upon full surrender will be the Surrender Value.

The Proceeds payable under this Policy are subject to the adjustments described in the following provisions:

	
a.

	
"Misstatement of Age or Sex";

	
b.

	
"Incontestability";

	
c.

	
"Suicide";

	
d.

	
"Effect of Partial Surrenders on Accumulation Value and Specified Amount";

	
e.

	
"Grace Period";

	
f.

	
"Debt"; and

	
g.

	
"Premium Refund" at the Insured's Death.

We may require return of this Policy when settlement is made.  Proceeds will be paid in a lump sum unless you choose a settlement option we make available.

Projection of Benefits and Values   Upon your Request, we will provide a projection of illustrative future Death Benefit Proceeds and Policy values once a year without charge.  Additional projections are available at any time upon Request. If you Request more than one projection in a year, we reserve the right to charge a reasonable fee for each additional projection.

Effect of Policy on Riders Provisions

Effect of Policy on Riders   Any reference to the following terms contained in any Rider attached to this Policy will be modified as follows:

	
a.

	
"Variable Account" will mean "Separate Account" as defined in this Policy;

	
b.

	
"Date of Issue" will mean "Policy Date" as defined in this Policy;

	
c.

	
"Schedule 1" will mean "Table of Surrender Charges shown in the Policy Specifications"; and

	
d.

	
"Schedule 4" will mean "Corridor Percentages Table shown in the Policy Specifications".

If any of the following Riders or Endorsements are attached to this Policy, the Riders and Endorsements will be amended as follows:

Accelerated Benefits Rider: "Cash Value" will mean "Accumulation Value" as defined in this Policy.  In addition, item (4) of the "Termination" provision is revised to read "Upon the Insured's Attained Age 121".

Change of Insured Benefit Rider: "Net Accumulation Value" will mean "Surrender Value" as defined in this Policy.

Effect of Riders on Policy Provisions

Effect of Riders on Policy Provisions   If any Riders are attached to and made part of this Policy, Policy provisions and definitions may be impacted, including those concerning premiums and Policy values.  READ YOUR POLICY AND RIDERS CAREFULLY.

Settlement Options

Payment  When the Insured dies while this Policy is In Force, the Death Benefit Proceeds may be paid in a lump sum or left with us for payment under a settlement option that we make available.

The amount applied under an option for the benefit of any Beneficiary must be at least $2,500.00.  The amount of each payment under an option must be at least $25.00.

You may make, change or revoke an Election at any time prior to the Insured's death. Following the Insured's death, a Beneficiary may elect an option if you have not elected one or if Death Benefit Proceeds are payable in one sum. A Beneficiary will always have the option to receive a lump sum payment, but otherwise may make a change in payment under a settlement option you elect only if you provided for it in your Election.

A change of Beneficiary automatically cancels a previous Election of a settlement option.

If this Policy is assigned, the assignee's portion of Death Benefit Proceeds will be paid in one sum. Any balance of Death Benefit Proceeds may be applied under a settlement option.

Claims of Creditors   The Death Benefit Proceeds and any income payments under this Policy will be exempt from the claims of creditors to the extent permitted by law.

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The Lincoln National Life Insurance Company

INDIVIDUAL FLEXIBLE PREMIUM VARIABLE ADJUSTABLE LIFE INSURANCE POLICY

Death Benefit Proceeds are payable if the Insured dies while this Policy is In Force. Investment results are reflected in Policy benefits.  The Surrender Value is payable upon surrender of this Policy.  Flexible premiums are payable to the earlier of the Insured's Attained Age 121 or the Insured's death. Planned Premium payments and additional Riders and/or benefits are shown in the Policy Specifications.  This Policy is non-participating; it is not eligible for dividends.

 

 

[]

The Lincoln National Life Insurance Company

(the "Company")

A Stock Company

Home Office Location:                                                                                        [Fort Wayne, Indiana]

Administrator Mailing Address:                                                                                        The Lincoln National Life Insurance Company

[350 Church Street

Hartford, CT 06103-1106]

The Lincoln National Life Insurance Company agrees to pay the Death Benefit Proceeds to the Beneficiary after receipt of Due Proof of Death of the Insured while this Policy is In Force and to provide the other rights and benefits according to the terms of this Policy.

Read this Policy Carefully

This is a legal contract between you and us.  This Policy is issued and accepted subject to the terms set forth on the following pages, which are made a part of this Policy.  In consideration of the application and the payment of premiums as provided, this Policy is executed by us as of the Policy Date at the Administrator Mailing Address shown above.  Pay particular attention to the Policy Specifications as they are specific to you and may contain important terms and conditions.

Right to Examine this Policy

You may return this Policy for any reason to the insurance agent through whom it was purchased, to any other insurance agent of the Company or to us at the Administrator Mailing Address listed above within [10] days after its receipt ([30] after its receipt where required by law if this Policy is issued in replacement of other insurance).  If returned, this Policy will be considered void from the Policy Date and we will refund, as of the date the returned Policy is received by us, the Accumulation Value less Debt plus any charges and fees taken under the Policy's terms.

ANY BENEFITS, INCLUDING DEATH BENEFITS, AND VALUES PROVIDED BY THIS POLICY BASED ON THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT ARE VARIABLE, MAY INCREASE OR DECREASE DAILY, AND ARE NOT GUARANTEED AS TO DOLLAR AMOUNT.

The Death Benefit Proceeds on the Policy Date equal the Initial Specified Amount of this Policy. Thereafter, the Death Benefit Proceeds may vary under the conditions described in the "Insurance Coverage and Death Benefit Provisions" of this Policy.

            []                                                                                                                []

[President]                                                                                                                [Secretary]

	
Insured:

	
[INSURED NAME]

	
Policy Number:

	
[SPECIMEN]

INDIVIDUAL FLEXIBLE PREMIUM VARIABLE ADJUSTABLE LIFE INSURANCE POLICY WITH OPTIONAL INDEXED FEATURES

Death Benefit Proceeds are payable if the Insured dies while this Policy is In Force.  Investment results are reflected in Policy benefits.  The Surrender Value is payable upon surrender of this Policy.  Flexible premiums are payable to the earlier of the Insured's Attained Age 121 or the Insured's death. Planned Premium payments and additional Riders and/or benefits are shown in the Policy Specifications.  Accumulation Value allocated to the Indexed Account may be affected by an external Index; however, the Indexed Account does not directly participate in any stock or equity investment.  This Policy is non-participating; it is not eligible for dividends.

For information or assistance regarding this Policy call: [800-444-2363]

Table of Contents

Provision Page*

Summary of Policy Features...............................................................................................................................................2a Individual Flexible Premium Variable Adjustable Life Insurance; Coverage Duration; Accumulation Value; Interest; Separate Account Performance; No-Lapse Provision; Monitoring Your Policy's Performance

Policy Specifications...........................................................................................................................................................3

Summarizes benefits that you purchased including charges and expenses.

Riders and Benefits Charges........................................................................................................................................ 3a

Table of Surrender Charges........................................................................................................................................ 3b

Surrender Charge as of Beginning of Policy Year; Calculation of Charge for Decrease in Specified Amount

Table of Expense Charges and Fees.......................................................................................................................... 3c Guaranteed Maximum Premium Load; Cost of Insurance; Guaranteed Maximum Monthly Administrative Fee; Guaranteed Maximum Mortality and Expense ("M&E") Risk Charge Rate; Transfer Fee

Table of Guaranteed Maximum Cost of Insurance Rates......................................................................................... 3d

Corridor Percentages Table........................................................................................................................................ 3e

Death Benefit Qualification Test

No-Lapse Provision........................................................................................................................................................ 3f

Holding Account Specifications................................................................................................................................... 3g

Indexed Account Specifications.................................................................................................................................. 3g

Definitions............................................................................................................................................................................. 5

The Contract..........................................................................................................................................................................7

Entire Contract; Changes to Contract Terms; Non-Participating; Misstatement of Age or Sex; Incontestability

Ownership............................................................................................................................................................................. 8

Rights of Owner; Transfer of Ownership; Assignment; Some Important Things You Should Do

Beneficiary............................................................................................................................................................................ 8

Beneficiary; Change of Beneficiary

Insurance Coverage and Death Benefit Provisions.......................................................................................................... 9

Date of Coverage; Termination of Coverage; Death Benefit Proceeds; Death Benefit Options; Accumulated Premium for Death Benefit Option 3; Notice of Claim; Income Tax on Death Benefits; Suicide; Method of Payment; Interest on Death Benefit; Continuation of Coverage After Insured's Attained Age 121

Changes in Insurance Coverage....................................................................................................................................... 11

Increases in Specified Amount; Decreases in Specified Amount; Changes in Death Benefit Option, Premium Class Changes; Rider and/or Benefit Additions; Change of Plan; Policy Split Prohibition

Premium and Allocation Provisions................................................................................................................................. 12

Payment of Premiums; Planned Premiums; Additional Premiums; No-Lapse Provision; Premium Refund at Death; Premium Allocation Instructions; Account Allocation Instructions; Maturing Segment Allocation; Optional Sub-Account Allocation Programs

Grace Period, Continuation of Insurance and Reinstatement Provisions.................................................................... 14

Grace Period; Continuation of Insurance; Reinstatement

Policy Values Provisions................................................................................................................................................... 15

Accumulation Value; Fixed Account Value; Separate Account Value; Variable Accumulation Unit Value; Holding Account Value; Indexed Account Value; Loan Account Value; Interest Credited Under Fixed Account; Interest Credited Under Holding Account; Interest Credited Under Loan Account; Mortality and Expense Risk ("M&E") Charge; Fees Associated with the Underlying Funds; Persistency Bonus; Monthly Deduction; Indexed Account Asset Charge; Cost of Insurance; Cost of Insurance Rates; Basis of Values; Changes in Rates and Charges

Separate Account Provisions............................................................................................................................................ 18

Separate Account; Sub-Accounts; Investments of the Sub-Accounts; Investment Risk; Underlying Fund Withdrawal and Substituted Securities

Holding Account Provisions................................................................................................................................. 19

Holding Account

Indexed Account Provisions................................................................................................................................. 19

Indexed Account and Indexed Account Options; Discontinuation of or Substantial Change to an Index; Segment; Segment Date

Transfer Privilege Provisions............................................................................................................................................ 20

Transfer Privilege; Transfer Fees; Transfers from the Fixed Account; Transfers from a Sub-Account; Change of Terms and Conditions

Surrender Provisions......................................................................................................................................................... 21

Surrender; Surrender Charges; Charge for Decrease in Specified Amount; Surrender Charge for Full Surrender; Partial Surrender (i.e. Withdrawal); Effect of Partial Surrenders on Accumulation Value and Specified Amount

Loan Provisions.................................................................................................................................................................. 22

Loans; Fixed Loan; Participating Loan; Loan Account; Loan Repayment; Interest Rate Charged on Fixed Loan; Interest Rate Charged on Participating Loan; Loan Repayment; Debt; Annual Rebalancing of Holding Account and Indexed Account Due to Participating Loan; Converting from One Loan Option to the Other; Participating Loan to Fixed Loan Conversion; Fixed Loan to Participating Loan Conversion

General Provisions............................................................................................................................................................. 24

Annual Report; Compliance with the Internal Revenue Code; Deferment of Payments; Modified Endowment; Payment of Proceeds; Projection of Benefits and Values

Effect of Policy on Riders Provisions............................................................................................................................... 25

Effect of Riders on Policy Provisions............................................................................................................................... 2 6

Settlement Options............................................................................................................................................................. 26

*Page 4 is intentionally blank.

Amendments, Endorsements, or Riders, if any, and a copy of the application follow Page 26.

Summary of Policy Features

This summary is an overview of the important features and operations of your Policy.  It is meant to give you a basic understanding of your Policy.   Specific details regarding these features are only provided in the Policy provisions and cannot fully be described in a summary.  This summary is not a substitute for reading the entire Policy carefully.

Individual Flexible Premium Variable Adjustable Life Insurance   This title is our generic name for variable universal life insurance. "Flexible premium" means that you may pay premiums by any method agreeable to us, at any time prior to the Insured's Attained Age 121 and in any amount subject to certain limitations.  It is important to maintain the payment(s) of your Planned Premium, as shown on the Policy Specifications, in order to keep your Policy In Force.  "Adjustable life insurance" means that you, with our agreement, can change the death benefit to meet your changing needs.

The Policy provides for a Fixed Account, Separate Account, and Indexed Account.  Based on the allocation instructions you provide, we will direct any Net Premium Payment into one or more of these accounts.

The Fixed Account is part of the Company's general assets, is not subject to market fluctuation and interest is credited subject to a minimum rate.

The investment performance of Separate Account assets is kept separate from the Company's general assets and will fluctuate based on the performance of the Sub-Accounts you invest in.  Please see the "Separate Account Provisions" and Policy Specifications for more details.

The Indexed Account uses the gains and losses of an outside financial Index to calculate the annual crediting rate, subject to a minimum guarantee.  Indexed Credits, if any, are not applied to the Indexed Account until the Segment Maturity Date.  Please see the "Indexed Account Provisions" and Policy Specifications for more details.  This policy provides for a Holding Account when there is an allocation made to the Indexed Account.  Please see the Holding Account Provisions and Policy Specifications for more details.

Coverage Duration   The duration of coverage will vary based upon changes in the amount, timing and frequency of your premium payments, changes to the coverage under your Policy and any Riders attached to your Policy, and the other factors described in the following sections.

Accumulation Value   The Accumulation Value is a key component of your Policy.  The Accumulation Value is the total of the Fixed Account, Separate Account, Holding Account, Indexed Account, and the Loan Account.  We apply a charge to each premium you pay and then add the balance to the Fixed Account, Separate Account, and/or Indexed Account in accordance with your allocation instructions. Any allocations to the Indexed Account will remain in the Holding Account until the Indexed Account Allocation Date.

On a monthly basis, we deduct the cost of providing the coverage (the Cost of Insurance) and the cost of any additional benefits and/or Riders and administrative charges.  This charge is known as the "Monthly Deduction" and is taken from the Fixed Account and any Separate Account in the same proportion as the balances invested in the total of such account(s).  If insufficient value exists in the Fixed Account and any Sub-Account(s) to cover the Monthly Deduction, we will apply the charge in successive order to the Holding Account, and then to the most recently opened Indexed Account Segment(s), until the entire charge has been paid.

We will deduct a daily Mortality and Expense Risk Charge, if any, from each Sub-Account.

Subject to the guaranteed maximums and guaranteed minimums shown in the Policy Specifications, we can change these charges based on certain contractually identified factors.  We can also change interest rates credited to this Policy at any time based on certain contractually identified factors subject to a minimum rate.

Simply put, premium, interest additions, positive Separate Account performance, and Indexed Credits increase the Accumulation Value. Both our charges and negative Separate Account performance decrease the Accumulation Value.  If additions exceed deductions, your Accumulation Value increases; if deductions exceed additions, your Accumulation Value decreases.  If the Surrender Value (Accumulation Value, less surrender charge, less Debt) becomes so small that we cannot take an entire Monthly Deduction, your Policy may terminate; see, however, the "Grace Period" provision and the "No-Lapse Provision".

The length of time your Policy remains In Force will vary based on changes in the following factors:

	


	
Frequency, timing, and amount of any premium payment(s).

	


	
Policy changes such as loans, partial surrenders, Death Benefit Option changes, increases or decreases in Specified Amount and the addition or removal of Riders.

	


	
Interest credited to your Accumulation Value from the Fixed Account, the Indexed Account and the Holding Account.

	


	
Separate Account performance.

	


	
Monthly Deductions.

	


	
If the "No-Lapse Provision" is In Force and the No Lapse Test is met.

Interest   Do not assume that interest rates will remain constant for any extended period of time. We may change interest rates at any time on the Fixed Account, Persistency Bonus, and Holding Account based on certain contractually identified factors subject to a guaranteed minimum rate. Indexed Credits on the Indexed Account are linked to an outside financial Index and are applied to an Indexed Account Segment's Average Monthly Segment Balance on its Segment Maturity Date.

Separate Account Performance   Separate Account performance can vary greatly, may increase or decrease on a daily basis, and is not guaranteed.  You are able to select, monitor and change Sub-Account choices to meet your objectives or investment conditions.

No-Lapse Provision   Your Policy provides for a "No-Lapse Provision" which can ensure that your coverage will continue regardless of Surrender Value as long as the required No-Lapse Premium is paid during the No-Lapse Period.  The length of the No-Lapse Period is shown in the Policy Specifications.

Note conditions that can impact whether the "No-Lapse Provision" will remain In Force include:

	


	
Partial Surrenders taken;

	


	
Debt; and

	


	
Continued payment of required No-Lapse Premium.

Monitoring Your Policy's Performance   We will send you an Annual Report (Statement of Account) of your Policy to help you monitor your Policy Values and compare it to your objectives when you purchased your Policy.  Ask your life insurance agent to explain anything you do not understand.  You may need to adjust your premiums to achieve your insurance objectives.  You may Request from us, at any time while your Policy is In Force, an in force projection of future death benefits and Policy Values.  We encourage you to Request an in force projection at least once each Policy Year, subject to the terms of the "Projection of Benefits and Values" provision of this Policy.  We are also available to answer your questions and assist you in making changes to your Policy.

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Definitions

Accumulation Value   The sum of (1) the Fixed Account Value plus (2) the Separate Account Value plus (3) the Holding Account Value plus (4) the Indexed Account Value plus (5) the Loan Account Value under this Policy, as described in the "Policy Values Provisions".

Administrator Mailing Address   The Administrator Mailing Address for this Policy is shown on the front cover.

Attained Age (Age)   The Insured's Issue Age plus the number of completed Policy Years that have elapsed since the Policy Date.  The Insured's Attained Age increases by one on each Policy Anniversary.  For purposes of this Policy, the Insured's Attained Age increase will always occur on the Policy Anniversary regardless of when the Insured's actual birthday occurs.

Beneficiary   The person(s) or entity(ies) named in the application for this Policy, unless later changed as provided for by this Policy, to whom we will pay the Death Benefit Proceeds upon the death of the Insured.

Closing Value of an Index   The value of an Index as of the close of the New York Stock Exchange, which is usually 4:00 p.m. Eastern Time.  If no closing value is published, we will use the closing value for the next day for which a closing value is published.

Cost of Insurance   The monthly cost of providing life insurance under this Policy.

Date of Issue   The date from which Suicide and Incontestability periods are measured.  The Date of Issue is shown in the Policy Specifications.

Death Benefit Proceeds   The amount payable upon the death of the Insured as described in the "Death Benefit Proceeds" provision.

Debt   The total of any outstanding loans against this Policy, including loan interest accrued but not yet charged.  May also be referred to as "Indebtedness".

Due Proof of Death   A certified copy of an official death certificate, a certified copy of a decree of a court of competent jurisdiction as to the finding of death, or any other proof of death satisfactory to us.

Evidence of Insurability   Evidence satisfactory to us related to the health, lifestyle, and financial and other circumstances that may impact the insurability of the Insured.

Fixed Account   An account to which you may allocate your Net Premium Payments and transfer values.  The Fixed Account is a part of the Company's general account, and Fixed Account assets are general assets of the Company. Fixed Account principal is not subject to market fluctuation and interest is credited at a rate not less than the Guaranteed Minimum Fixed Account Interest Rate as shown in the Policy Specifications.

Holding Account   An account from which value is systematically transferred to an Indexed Account Option according to your account allocation instructions on each Monthly Indexed Account Allocation Date.  This account is part of the Accumulation Value and is credited with interest daily as explained in the "Holding Account" provision.  The Holding Account is a part of the Company's general account and Holding Account assets are general assets of the Company. Interest is credited at a rate not less than the Guaranteed Minimum Holding Account Interest Rate as shown in the Policy Specifications.

Index   An external index used as a basis to determine the Index Credits.  The Index(es) are shown in the Policy Specifications.

Indexed Account   The Indexed Account is part of the general account assets of the Company and consists of Indexed Account Option(s) that are eligible for interest based on an outside Index subject to the terms of this Policy.  Interest is credited at a rate not less than the Guaranteed Minimum Annual Interest Rate Credited to a Maturing Segment as shown in the Policy Specifications.

Indexed Account Option(s)   An allocation option available under the Indexed Account.  The Indexed Account Option(s) available as of the Policy Date are shown in the Indexed Account Specifications section of the Policy Specifications.

In Force   Not terminated for any reason.

Insured   The person whose life is insured under this Policy.

Irrevocable Beneficiary   A Beneficiary named by you as irrevocable.  Any Beneficiary that you designate as irrevocable must provide consent for you to exercise certain ownership rights as specified in this Policy.

Issue Age   The Insured's age nearest birthday on the Policy Date.

Lapse   Terminate without value.

Loan Account   The account in which amounts equal to amounts loaned under this Policy for a Fixed Loan, including charged loan interest, accrue once transferred out of the Fixed Account, Sub-Account(s), Holding Account, and the Indexed Account, as applicable.  The Loan Account is part of our general account.

Monthly Anniversary Day   The day of the month shown in the Policy Specifications when we deduct the Monthly Deduction, or the next Valuation Day if the Monthly Anniversary Day is not a Valuation Day.

Monthly Deduction   The amount deducted on each Monthly Anniversary Day from the Surrender Value for certain expenses and the Cost of Insurance, as described in the "Monthly Deduction" provision.

Net Premium Payment   The portion of a premium payment, after deduction of the Premium Load shown in the Table of Expense Charges and Fees in the Policy Specifications, available for allocation to the Fixed Account, any of the Sub- Account(s), or any Indexed Account Option.

No-Lapse Premium   The required premium which must be paid to guarantee that this Policy will not Lapse during the specified No-Lapse Period as described in the "No-Lapse Provision", if applicable.

1940 Act   The Investment Company Act of 1940, as amended.

Notice, Election, Request (In Writing)   With respect to any Notice, Election or Request to us, this term means a written form of communication satisfactory to us and received at our Service Office. We retain the right to agree in advance to accept communication by telephone or some other form of transmission, in a manner we prescribe. We will not be responsible for any action we take or allow before we receive a communication at our Service Office. With respect to any Notice, Election or Request from us to you or any other person, this term means a written form of communication by ordinary mail to such person at the most recent address in our records. If agreed to in advance by you, we may also send communication to you by some other form of transmission.

Owner   The person(s) or entity(ies) shown in the Policy Specifications who may exercise rights under this Policy, unless later changed as provided for by this Policy.  If no Owner is designated, the Insured will be the Owner.

Policy Anniversary   The same date (month and day) each Policy Year equal to the Policy Date, or the next Valuation Day if the Policy Anniversary is not a Valuation Day.

Policy Date   The date on which life insurance begins if the necessary premium has been paid.  This is also the date from which Monthly Anniversary Days, Policy Anniversaries, Policy Months, Policy Years, and Planned Premium due dates are determined.

Policy Month   The period from one Monthly Anniversary Day up to, but not including, the next Monthly Anniversary Day.

Policy Specifications   The pages of this Policy which show your benefits, premium, costs, and other Policy information.

Policy Year(s)   The one year period beginning on the Policy Date and ending one day before the Policy Anniversary and each subsequent one year period beginning on a Policy Anniversary.

Premium Class   The Insured's classification for this Policy, determined by our underwriting evaluation, as shown in the Policy Specifications.

SEC   The Securities and Exchange Commission.

Separate Account   A segregated account including the Sub-Account(s) thereunder, to which Net Premium Payments are, or have been allocated, or amounts may be transferred to.  Separate Account assets are not chargeable with the Company's general liabilities.  The investment performance of Separate Account assets is kept separate from the Company's general assets.

Specified Amount   The amount you chose which is used to determine the amount of death benefit and the amount of Rider benefits, if any.  The Minimum Specified Amount allowable under this Policy and the Specified Amount at issue ("Initial Specified Amount") are shown in the Policy Specifications.  The Specified Amount may be increased or decreased as described in this Policy.

Sub-Account(s)   Divisions of the Separate Account created by the Company to which you may allocate your Net Premium Payments and among which amounts may be transferred.

Surrender Value   The Accumulation Value on the date of surrender or partial surrender, less any Debt, and less any applicable surrender charge shown in the Table of Surrender Charges in the Policy Specifications.

Underlying Fund(s)   The Underlying Funds are the investments within the Sub-Account(s) to which the Net Premium Payments may be allocated.  See "Investments of the Sub-Accounts" provision for additional details.

Valuation Day   Any day on which the New York Stock Exchange is open for business, except a day during which trading on the New York Stock Exchange is restricted or on which an SEC-determined emergency exists or on which the valuation or disposal of securities is not reasonably practicable, as determined under applicable law.

Valuation Period   The period beginning immediately after the close of business on a Valuation Day and ending at the close of business on the next Valuation Day.

Variable Accumulation Unit   A unit of measure used to calculate the value of a Sub-Account as described in the "Variable Accumulation Unit Value" provision.

You, your   The Owner(s) of this Policy.

We, our, us   The Company.

The Contract

Entire Contract   This Policy, the application for this Policy, and any Amendment(s), Endorsement(s), Rider(s), and supplemental application(s) that may be attached are the entire contract between you and us.  All statements made in the application will, in the absence of fraud, be deemed representations and not warranties.  We will not use any statement to contest this Policy unless it is contained in an application and a copy of the application is attached to this Policy when issued.

Changes to Contract Terms   Only an authorized Officer of the Company may make or modify the terms of the Policy or any of its Amendments, Endorsements or Riders.  Any such changes must be provided in a Notice in order to be effective.

We reserve the right to make changes in this Policy or to make distributions from this Policy to the extent we deem necessary, in our sole discretion, to continue to qualify this Policy as life insurance.  Any such changes will apply uniformly to all Policies that are affected. You will be given advance Notice of such changes.

Non-Participating   This Policy is not entitled to share in surplus distribution.

Misstatement of Age or Sex   If the date of birth or sex of the Insured is misstated, we will adjust the Death Benefit Proceeds to the amounts that would have been purchased by the most recent Cost of Insurance deduction at the correct Issue Age and sex. No adjustment will be made to the Accumulation Value of the Policy.

Incontestability   Except for nonpayment of premium, this Policy will be incontestable after it has been In Force for 2 years from the Date of Issue shown in the Policy Specifications.  This means that we will not use any misstatement in the application to challenge a claim or contest liability after that time.

Any increase in the Specified Amount effective after the Date of Issue will be incontestable only after such increase has been In Force for 2 years.  The basis for contesting an increase in Specified Amount will be limited to material misrepresentations made in the supplemental application for the increase.

If this Policy is reinstated, the basis for contesting after reinstatement will be:

	
a.

	
limited to the remainder of the original contestable period, if any, for material misrepresentations made in the original application; and

	
b.

	
limited for a period of 2 years from the date of reinstatement for material misrepresentations made in the reinstatement application.

Ownership

Rights of Owner   While an Insured is living except as provided below and subject to any applicable state law, you may exercise all rights under this Policy including, but not limited to, the right to:

	
a.

	
return this Policy under the "Right to Examine this Policy" provision;

	
b.

	
surrender this Policy;

	
c.

	
agree with us to any change in or amendment to this Policy;

	
d.

	
transfer all your rights to another person or entity;

	
e.

	
change the Beneficiary (unless you specifically submit a Request to not to reserve this right);

	
f.

	
assign this Policy;

	
g.

	
effect a loan;

	
h.

	
effect a transfer to or from the Fixed Account, Sub-Account(s), or a transfer to the Holding Account for allocation to an Indexed Account Option(s);

	
i.

	
make premium payments that are to be allocated to the Fixed Account, Sub-Account(s), or the Holding Account for allocation to an Indexed Account Option(s);

	
j.

	
effect a partial surrender (i.e. withdrawal); and

	
k.

	
effect a reinstatement.

You must have the consent of any assignee recorded with us to exercise your rights under this Policy.  You may exercise your rights subject to the consent of any Irrevocable Beneficiary, subject to any applicable law.

Unless provided otherwise, if you are not the Insured and you die before the Insured, all your rights under this Policy will transfer and vest in your executors, administrators or assigns.

Transfer of Ownership   You may transfer all your rights under this Policy by submitting a Request.  The Request does not need to be signed by the Beneficiary unless you have designated an Irrevocable Beneficiary.  You may revoke any transfer prior to its effective date by submitting a Request.  A transfer of ownership, or a revocation of transfer, will not take effect until recorded by us.  Once we have recorded the transfer or revocation of transfer, it will take effect as of the date of the latest signature on the Request.  Any payment made or any action taken or allowed by us before we record the transfer or revocation of transfer will be without prejudice to us.

On the effective date of transfer, the transferee will become the Owner and will have all the rights and be subject to the limitations of the Owner as described under the "Rights of Owner" provision of this Policy.  Unless you direct us otherwise, a transfer will not affect the interest of any Beneficiary designated prior to the effective date of transfer.

Assignment   Assignment of this Policy must be submitted by Request and will take effect as of the date the assignment is signed.  We will not be responsible for any action we take or allow before we receive a communication at our Administrator Mailing Address.  We will not be responsible for the validity or sufficiency of any assignment.  While an assignment is in effect, to the extent provided under the terms of the assignment, an assignment will:

	
a.

	
transfer the interest of any designated transferor; and

	
b.

	
transfer the interest of any Beneficiary, unless an Irrevocable Beneficiary has been designated.

Some Important Things You Should Do

	
a.

	
Provide us with any change in your mailing address in a timely manner.

	
b.

	
Pay sufficient premiums on time to keep your Policy In Force.

	
c.

	
Notify us of any change in Beneficiary.

Beneficiary

Beneficiary   You may designate more than one Beneficiary.  If you designate more than one Beneficiary, any Death Benefit Proceeds payable will be paid in equal shares to the survivors in the appropriate Beneficiary class, unless you submit a Request otherwise.  If no Beneficiary is alive when the Death Benefit Proceeds become payable or in the absence of any Beneficiary designation, the Death Benefit Proceeds will transfer and vest in you or in your executors, administrators or assigns.

Change of Beneficiary   While the Insured is alive, you may change the Beneficiary by submitting a Request.  Any change will take effect as of the date the Request is signed.  The Insured need not be living when the requested change is recorded by us, however the requested change must be delivered to us prior to the death of the Insured. The Beneficiary does not have to sign the Request unless you have designated an Irrevocable Beneficiary.  Any payment made or any action taken or allowed by us before we record the change of Beneficiary will be without prejudice to us.

Insurance Coverage and Death Benefit Provisions

Date of Coverage   The dates of coverage under this Policy will be as follows:

	
a.

	
For all coverages provided in the original application, the effective date of coverage will be the Policy Date provided the initial premium has been paid and the Policy has been accepted by you (1) while the Insured is living and (2) prior to any change in the Insured's health or any other factor affecting insurability of the Insured as represented in the application for this Policy.

	
b.

	
For any increase, decrease, or addition to coverage, the effective date of coverage will be the Monthly Anniversary Day on or next following the day we approve the application for the increase, decrease, or addition to coverage, and the first month's Cost of Insurance for the increase, if applicable, is deducted as described in the "Increase to Specified Amount" provision, provided the Insured is living on such day.

	
c.

	
For any insurance that has been reinstated, the effective date of coverage will be the date as described in the "Reinstatement" provision.

Termination of Coverage   All coverage under this Policy terminates on the first of the following to occur:

	
a.

	
a full surrender of this Policy;

	
b.

	
the Insured's death; or

	
c.

	
failure to pay the amount of premium necessary to avoid termination before the end of any applicable grace period.

No action by us after this Policy has terminated, including any Monthly Deduction made effective after termination of coverage, will constitute a reinstatement of this Policy or waiver of the termination.  Any such deduction will be refunded.

Death Benefit Proceeds   If the Insured dies while this Policy is In Force and upon Notice of Claim, we will pay Death Benefit Proceeds equal to the greater of:

	
a.

	
the amount determined under the Death Benefit Option in effect on the date of the Insured's death, less any Debt; or

	
b.

	
an amount equal to the Accumulation Value on the date of the Insured's death multiplied by the applicable percentage shown in the Corridor Percentages Table in the Policy Specifications, less any Debt.

Death Benefit Options   The Death Benefit Option on the Policy Date is shown in the Policy Specifications.  This Policy provides for the following Death Benefit Options:

	
a.

	
Death Benefit Option 1 (Level): The Specified Amount on the date of the Insured's death less any partial surrenders after the date of death.

	
b.

	
Death Benefit Option 2 (Increasing): The greater of: 1) the Specified Amount on the date of the Insured's death plus the Accumulation Value on the date of death, less any partial surrenders after the date of death; or 2) the Specified Amount on the date of death, multiplied by the Death Benefit Option 2 Factor as shown in the Policy Specifications, if Death Benefit Option 2 is elected, less any partial surrenders after the date of death.

	
c.

	
Death Benefit Option 3 (Increase by Premium): The Specified Amount on the date of the Insured's death plus the Accumulated Premium as described below on the date of death, less any partial surrenders on the date of death. The Death Benefit Option 3 Limit shown in the Policy Specifications is the maximum death benefit under this option, if Death Benefit Option 3 was elected at issue.

Accumulated Premium for Death Benefit Option 3   The Accumulated Premium is determined on each Monthly Anniversary Day and equals the sum of all premiums paid less any partial surrenders.  The Accumulated Premium will never be less than zero.  Any premium paid that will cause the death benefit to exceed the Death Benefit Option 3 Limit will be applied to this Policy, but will only increase the death benefit up to the Death Benefit Option 3 Limit.

Notice of Claim   You or someone on your behalf must provide us with Notice of Due Proof of Death of the Insured within 30 days or as soon as reasonably possible after the death of the Insured.

Income Tax on Death Benefits   This Policy is intended to qualify as life insurance under the Internal Revenue Code so that the Death Benefit Proceeds, not including interest from the date of the Insured's death, will not be taxable as income to the Beneficiary(ies).  To do so, this Policy must qualify under one of two tests, the Cash Value Accumulation Test or the Guideline Premium Test as defined in the Internal Revenue Code Section 7702.  The Death Benefit Qualification Test for this Policy is shown in the Policy Specifications and cannot be changed.  Unless you Elect otherwise when applying for this Policy, the Death Benefit Qualification Test is the Guideline Premium Test.

Suicide   If the Insured commits suicide, whether sane or insane, within 2 years from the Date of Issue, the Death Benefit Proceeds will be limited to a refund of the premiums paid less any Debt and any partial surrenders.

If the Insured commits suicide, whether sane or insane, within 2 years from the date of any increase in the Specified Amount, the Death Benefit Proceeds with respect to such increase will be limited to a refund of the monthly charges paid for the cost of the increase in the Specified Amount.

Method of Payment   Upon the Insured's death while the Policy is In Force, Death Benefit Proceeds may be paid in a lump sum or left with us for payment under a settlement option that we make available.

Interest on Death Benefit   We will pay interest on any Death Benefit Proceeds payable only as required by applicable law.

Continuation of Coverage After Insured's Attained Age 121   Unless otherwise agreed to by you and us, if this Policy is In Force at the Insured's Attained Age 121 (but not in the grace period), the Separate Account Value and Holding Account Value, if any, will be transferred to the Fixed Account on the next Policy Anniversary Day after the Insured's Attained Age 121.  No further premium payments will be allowed and we will:

	
a.

	
continue to credit interest to the Fixed Account as described in the "Interest Credited Under Fixed Account" provision;

	
b.

	
not allow any new Segments to be opened and the value of each Maturing Segment will be transferred to the Fixed Account on the Segment Maturity Date;

	
c.

	
no longer charge Monthly Deductions under this Policy;

	
d.

	
not allow any changes to the Specified Amount;

	
e.

	
change the Death Benefit Option to Death Benefit Option I, if applicable, and not allow any more changes;

	
f.

	
convert a Participating Loan to a Fixed Loan;

	
g.

	
allow loans and partial surrenders to be taken.  Loan interest rates will apply as shown in the Policy Specifications and loan repayments can continue to be made.  You may repay all or part of a loan at any time while this Policy is In Force; and

	
h.

	
continue this Policy In Force until it is surrendered or the Death Benefit Proceeds become payable.

This provision will not continue any Rider attached to this Policy beyond the date for such Rider's termination, as provided in the Rider.

If this Policy is in the grace period at the Insured's Attained Age 121, you will need to pay the minimum amount required to remove this Policy from the grace period in order to guarantee continuation of this Policy beyond the Insured's Attained Age 121.

With regards to the changes in benefits detailed under this provision, there is some uncertainty whether this Policy would continue to qualify as life insurance in the year the Insured reaches Attained Age 121. There is also some uncertainty whether you would be viewed as constructively receiving the Accumulation Value at any time when this Policy's Accumulation Value is equal to the death benefit. You should consult a tax advisor concerning these issues.

Changes in Insurance Coverage

Upon your Request while the Insured is living, the insurance coverage may be changed as described in this section.

Changes in insurance coverage will be effective on the Monthly Anniversary Day on or next following the date we approve your Request for the change, unless another date acceptable to us is requested.

Increases in Specified Amount   Subject to you providing us with Evidence of Insurability, the Specified Amount may be increased. There is a minimum as to how much it may be increased and a maximum number of times it may be increased.  The Minimum Specified Amount Increase, Maximum Number of Specified Amount Increases per Policy Year, and the Maximum Attained Age for a Specified Amount Increase are shown on the Policy Specifications. If you increase the Specified Amount, there will be additional Surrender Charges in the event you request a surrender of this Policy.  Please refer to the "Surrender Charge for Full Surrender" provision of this Policy.  Other charges, such as the Cost of Insurance and other charges that are calculated based on the Policy's Specified Amount will also be increased.

Decreases in Specified Amount   A decrease in Specified Amount may be made subject to the Minimum Specified Amount Decrease and Maximum Number of Specified Amount Decreases per Policy Year as shown in the Policy Specifications. The Specified Amount may not be decreased below the Minimum Specified Amount shown in the Policy Specifications.  Any decrease in Specified Amount will be deducted in the following order: (a) from the most recent Specified Amount increase, if any; (b) successively from the next most recent Specified Amount increase, if any; and (c) from the initial Policy Specified Amount.  At least 12 months must elapse after an increase before a decrease in Specified Amount can be made.  If you choose to decrease the Specified Amount, a surrender charge, based on the Table of Surrender Charges shown in the Policy Specifications, will be applied as described in the "Surrender Provisions" under the "Charge for Decrease in Specified Amount" provision. Please note that we will not allow a decrease in Specified Amount below the minimum Specified Amount required to maintain the qualification of this Policy as life insurance under the Internal Revenue Code.

Changes in Death Benefit Option   After the first Policy Year, you may change the Death Benefit Option as described below.  You may change from Death Option 2 to Death Benefit Option 1.  If you do, the Specified Amount will be increased by the greater of the Accumulation Value or the Specified Amount multiplied by the Death Benefit Option 2 Factor. You may change from Death Benefit Option 3 to Death Benefit Option 1.  If you do, the Specified Amount will be increased by an amount equal to the Accumulated Premium, up to the Death Benefit Option 3 Limit. We will not allow a change to Death Benefit Option 2 or to Death Benefit Option 3.

Premium Class Changes   Premium Class changes (such as a change in Tobacco User status) may occur upon your Request at any time after the first Policy Year, subject to Evidence of Insurability, and prior to the Insured's Attained Age 121.

Rider and/or Benefit Additions   If available, and subject to any underwriting guidelines and Evidence of Insurability requirements, you may submit a Request that Rider(s) and/or Benefits be added to this Policy after the Policy Date.

Change of Plan   This Policy may be exchanged for another Policy only if we consent to the exchange and all requirements for the exchange as determined by us are met.

Policy Split Prohibition   This Policy may not be split to create more than one individual life insurance policy on the life of the Insured.

Premium and Allocation Provisions

Payment of Premiums   The initial premium is due on the Policy Date and is payable on or before delivery of this Policy. All subsequent premium payments may be made at any time before the Insured's Attained Age 121 and in any amount, subject to the following provisions, unless we agree by Notice. However, sufficient premium must be paid to keep this Policy In Force.  Your premiums are payable in United States currency. We will provide a premium receipt signed by an officer of the Company upon Request as required by the laws of the state in which this Policy is delivered.  Please see "Planned Premiums" provision below.

Premium payments, after the first, can be made as follows:

	
a.

	
through prearranged withdrawals from a checking account or other designated account by contacting the Service Office; or

	
b.

	
sent to any premium address designated by us.

Sufficient premium payments must be paid in order to keep this Policy In Force.  A change in the frequency, timing and amount of any premium payment(s) may decrease or increase the length of time this Policy will remain In Force and additional premium payments may be required.

Planned Premiums    You choose how much premium you will pay and the frequency of such payments (the "Planned Premiums"). The Planned Premium you elected is shown in the Policy Specifications. You may change the amount and frequency of premium payments.  Changes in the amounts or frequency of such payments are subject to our approval. Any change in the Planned Premiums may impact the Policy values and benefits.  We will send premium reminder notices for the amounts and frequency of payments you establish.

Additional Premiums   You may make additional premium payments in an amount no less than the Minimum Additional Premium Payment Amount as shown on the Policy Specifications at any time before the Insured reaches Attained Age 121.  We reserve the right to limit the amount or frequency of any such additional premium payments in accordance with the "Compliance with the Internal Revenue Code" and "Modified Endowment" provisions. We also reserve the right to require Evidence of Insurability for any premium payment that would result in an immediate increase in the difference between the death benefit and the Accumulation Value.  If Evidence of Insurability is not received, the premium, or any portion of the premium, may be returned. Any additional payment we receive will be applied as premium and not to repay any outstanding loans, unless you submit a Request otherwise.

No-Lapse Provision   During the No-Lapse Period and subject to the limitations described in this provision, this Policy will not enter the grace period and Lapse if the No-Lapse Test is met.  The No-Lapse Period is shown in the Policy Specifications and varies by your Issue Age.  The No-Lapse Test and No-Lapse Premium are shown in the Policy Specifications.  As long as you have satisfied the No-Lapse Test, the No-Lapse Period applies for the entire length of the period but no longer.  Continuing to pay the No-Lapse Premium beyond the expiration of the No-Lapse Period does not guarantee that this Policy will not Lapse.

Increases in Specified Amount will increase the amount of No-Lapse Premium required to satisfy the No-Lapse Test. You will be notified of the increase in No-Lapse Premium required. Any such increase in Specified Amount will not extend the length of the No-Lapse Period.  Death Benefit Option changes, Premium Class changes, and the removal of any Riders may decrease the No-Lapse Premium required.  Decreases in Specified Amount will have no effect on the No-Lapse Premium required.

Premium Refund at Death   Any premium paid after the Insured's date of death will be refunded as part of the Death Benefit Proceeds, unless you submit a Request otherwise prior to our payment.

Premium Allocation Instructions   You must provide us with Notice of your premium allocation instructions.  These instructions direct how the Net Premiums will be allocated between the Fixed Account, Separate Account, and Indexed Account under this Policy.  One hundred percent of each Net Premium Payment must be allocated to these accounts.  Allocations must be made in whole percentages.

All Net Premium Payments received before the end of the Right to Examine Period will be allocated as described in the "Right to Examine this Policy" provision.

Subsequent Net Premium Payments will be allocated on the same basis as the most recent Net Premium Payment unless you submit a Request otherwise.

Account Allocation Instructions    You must provide us with Notice of your account allocation instructions to give further direction for allocating Separate Account Net Premiums among the Sub- Account(s) and Indexed Account Net Premiums among the Indexed Account Option(s).  These allocations must be made in whole percentages, and each set of allocations must total one hundred percent. Your allocations may be changed at any time.

Indexed Account Allocation changes received one business day prior to, or on a Monthly Indexed Account Allocation Date will require allocation changes to be delayed until the next available Monthly Indexed Account Allocation Date.  Any Net Premium Payment allocated to the Indexed Account will be held in the Holding Account until the next Indexed Account Allocation Date.

Maturing Segment Allocation   Except as noted below, the Segment Maturity Value will be allocated to the Fixed Account, Separate Account, and/or Indexed Account as directed by you.  These allocations must be made in whole percentages, and each set of allocations must total one hundred percent of the Segment Maturity Value as described in the "Premium Allocation Instructions" and "Account Allocation Instructions" provisions.  If a Segment had a Monthly Segment Balance of zero for any Segment Month, the Segment Maturity Value will be allocated to the Fixed Account.

Indexed Account Allocation Dates   The Initial Indexed Account Allocation Date is the first date on which transfers from the Holding Account to the Indexed Account may occur.  The Initial Indexed Account Allocation Date and Indexed Account Allocation Date are shown in the Policy Specifications. All subsequent Indexed Account Allocation Dates are the dates on which transfers from the Holding Account to the Indexed Account may occur.

Optional Sub-Account Allocation Programs

Program Participation   You may elect to participate in programs providing for Dollar Cost Averaging or Automatic Rebalancing, but may participate in only one program at a time. Transfers made in conjunction with either of these programs do not count against the free transfers available.

We reserve the right to modify the terms and conditions of, or suspend, these programs upon ninety (90) days advance Notice to you.

Dollar Cost Averaging   Dollar Cost Averaging systematically transfers specified dollar amounts from the account(s) specified by you.  The Account(s) available from which to transfer funds for Dollar Cost Averaging are shown in the Policy Specifications.  Transfer allocations may be made to 1 or more of the other Sub-Account(s) on a monthly basis or quarterly basis.  Allocations may not be made to the same account from which amounts are to be transferred.  Dollar Cost Averaging terminates automatically:

	
a.

	
if the value in the account(s) specified by you is insufficient to complete the next transfer;

	
b.

	
7 calendar days after we receive your Request for termination of Dollar Cost Averaging;

	
c.

	
after 12 or 24 months, as elected by you; or

	
d.

	
if this Policy is terminated.

Automatic Rebalancing   Automatic Rebalancing periodically restores the percentage of Accumulation Value allocated to each Sub-Account to a level pre-determined by you.  The pre-determined level is the allocation initially selected at the time of application, until changed by you. The Fixed Account and Indexed Account are not subject to rebalancing.  If Automatic Rebalancing is elected, all Net Premium Payments allocated to the Sub-Accounts will be subject to Automatic Rebalancing.  Automatic Rebalancing will occur on a quarterly, semi-annual or annual basis, as elected by you. If Dollar Cost Averaging is also elected, the first rebalancing will occur after the Dollar Cost Averaging process terminates.

Grace Period, Continuation of Insurance and Reinstatement Provisions

Grace Period   This Policy will enter the grace period if on any Monthly Anniversary Day:

	
a.

	
The Surrender Value is less than the required Monthly Deduction due on the Monthly Anniversary Day for the current Policy Month; and

	
b.

	
The No-Lapse Test is not met during the No-Lapse Period or the No-Lapse Period has expired.

If on any Monthly Anniversary Day, the No-Lapse Test is met, this Policy will not enter the grace period and will not be subject to termination under this provision.

We allow a grace period of 61 days, beginning on the Monthly Anniversary Day this Policy enters the grace period, for payment of applicable required Net Premium Payment as follows:

	
1.

	
If the No-Lapse Period has not expired, we will require payment sufficient to satisfy the No-Lapse Test on the Monthly Anniversary Day immediately following the end of the grace period; or

	
2.

	
If the No-Lapse Period has expired, payment sufficient to maintain coverage for three Policy Months from the date this Policy enters the grace period (this would include the cost of Monthly Deductions due and unpaid during the grace period plus an amount sufficient to restore the Surrender Value to cover the cost of the Monthly Deduction due on the Monthly Anniversary Day immediately following the end of the grace period).

If the total amount paid to us during the grace period is not sufficient, all coverage under this Policy will Lapse.  However a greater amount will be accepted, as additional premium will be due after the end of this period to maintain coverage for additional Policy Months.

We will send a Notice to you and to any assignee of record at least 31 days before the end of the grace period. The Notice will state the amount of premium as noted above.  All coverage under this Policy will Lapse if you do not pay this amount on or before 61 days beginning on the date this Policy enters the grace period.  If the Insured dies within the grace period, we will deduct any overdue Monthly Deductions from the Death Benefit Proceeds.

As described in the "Loan Provisions", Debt reduces the Surrender Value.  Any increase in Debt, including loan interest due but not yet charged, may reduce the Surrender Value, and cause this Policy to enter the grace period.

Continuation of Insurance   If premiums are discontinued on any date, the Surrender Value on that date will be used to provide insurance under this provision. This Policy and all Amendments, Endorsements, and Riders will continue In Force according to their terms for as long as the Surrender Value is sufficient to cover the Monthly Deduction. If the Surrender Value is insufficient, the Policy will terminate according to the "Grace Period" provision except as provided under the "No-Lapse Provision".

Reinstatement   If this Policy has Lapsed as described in the "Grace Period" provision, you may reinstate this Policy within 5 years from the date of Lapse provided:

	
a.

	
this Policy has not been surrendered;

	
b.

	
the Insured has not died since the date of Lapse;

	
c.

	
you submit a Request and an application for reinstatement while the Insured is living;

	
d.

	
you submit Evidence of Insurability;

	
e.

	
you pay Net Premium equal to the Monthly Deductions due and unpaid during the grace period;

	
f.

	
you pay the lesser of the following:

	
i.

	
if the No-Lapse Period has not expired, Net Premium sufficient to satisfy the No-Lapse Test for at least 2 Policy Months after the date of reinstatement; or

	
ii.

	
if the No-Lapse Period has expired, Net Premium sufficient to keep this Policy and any reinstated Riders In Force for at least 2 Policy Months after the date of reinstatement.

	
g.

	
any accrued loan interest is paid, and any remaining Debt is either paid or reinstated.

If this Policy is reinstated within the No-Lapse Period, the "No-Lapse Provision" will also be reinstated.

In addition to the minimum required payment to keep this Policy In Force as stated in e. and f. above, we recommend that you resume your Planned Premium to provide coverage beyond the initial period following the date of reinstatement.  Please contact us if you need assistance in determining an updated Planned Premium.

The reinstated Policy will be effective as of the Monthly Anniversary Day on or next following the date on which we approve the application for reinstatement.   At the time of reinstatement, the surrender charge will be based on the duration from the original Policy Date as though this Policy had never Lapsed.

For the purposes of resuming allocations to the Indexed Account following the effective date of reinstatement, transfers may resume on the first monthly Indexed Account Allocation Date following the effective date of reinstatement.

Policy Values Provisions

This Policy provides Policy Values which may be available to you for partial surrender, loans or full surrender. They are also used to calculate your Death Benefit Proceeds.  The following provisions describe how these values are calculated.

Accumulation Value   The Accumulation Value on the Policy Date will be equal to all Net Premium Payments made for this Policy as of the Policy Date, minus the Monthly Deduction for the current Policy Month.  The Accumulation Value of this Policy is the sum of the Fixed Account Value, Separate Account Value, Holding Account Value, Indexed Account Value, and Loan Account Value.  Each of these is defined below.

At any point in time, we adjust the Accumulation Value by:

	
a.

	
adding the amount of Net Premium Payments made.

	
b.

	
subtracting the amount of any partial surrenders.

	
c.

	
adding any increases or subtracting any decreases as a result of market performance in the Sub-Account(s).

	
d.

	
adding interest credited under the Fixed Account, Holding Account, Indexed Account and Loan Account.

	
e.

	
adding any Persistency Bonus(es).

	
f.

	
subtracting Monthly Deductions.

	
g.

	
subtracting all other expenses and fees as shown in the Table of Expense Charges and Fees in the Policy Specifications.

Fixed Account Value   At any point in time, we adjust the Fixed Account Value by:

	
a.

	
adding the amount of the Net Premium Payments allocated or other amounts transferred to the Fixed Account;

	
b.

	
subtracting the amount of any transfer from the Fixed Account;

	
c.

	
subtracting any portion of the Monthly Deduction deducted for the current Policy Month;

	
d.

	
subtracting any portion of a partial surrender deducted;

	
e.

	
subtracting any portion of the surrender charges due to any decrease in Specified Amount;

	
f.

	
adding any portion of Fixed Loan interest crediting;

	
g.

	
adding any portion of the Persistency Bonus credited;

	
h.

	
adding daily interest credited as explained in the "Interest Credited Under Fixed Account" provision.

Separate Account Value   The Separate Account Value, if any, for any Valuation Period is equal to the sum of the then stated values of all Sub-Account(s) under this Policy.  The stated value of each Sub-Account is equal to:

	
a.

	
the number of Variable Accumulation Units, if any, credited or debited to such Sub-Account with respect to this Policy;

	
b.

	
multiplied by the Variable Accumulation Unit Value of the particular Sub-Account for such Valuation Period.

Variable Accumulation Unit Value   Net Premium Payments, or any portion of Net Premium Payments, allocated, or amounts transferred, to each Sub-Account are converted into Variable Accumulation Units by dividing the amount allocated or transferred by the unit value of the applicable Sub-Account on the date of the conversion.

The Variable Accumulation Unit Value for a Sub-Account for any Valuation Period after the inception of the Sub-Account is equal to (a) minus (b), divided by (c), where:

	
(a)

	
is the total value of Underlying Fund shares held in the Sub-Account, (calculated as (a) the number of Underlying Fund shares owned by the Sub-Account at the beginning of the Valuation Period multiplied by (b) the net asset value per share of the Underlying Fund at the end of the Valuation Period, plus (c) any dividend or other distribution of the Underlying Fund made during the Valuation Period);

	
(b)

	
is the liabilities of the Sub-Account at the end of the Valuation Period.  Such liabilities include a daily charge imposed on the Sub-Account, if any, and may also include a charge or credit with respect to any taxes paid or reserved for by the Company that we determine result from the operations of the Separate Account; and

	
(c)

	
is the number of Variable Accumulation Units for that Sub-Account outstanding at the beginning of the Valuation Period.

The daily charge imposed on a Sub-Account for any Valuation Period is equal to the M&E, if any, charge described in the "Mortality and Expense Risk ("M&E") Charge" provision, multiplied by the number of calendar days in the Valuation Period.  The Variable Accumulation Unit value may increase or decrease from Valuation Period to Valuation Period.

Holding Account Value   At any point in time, we adjust the Holding Account Value by:

	
a.

	
adding the amount of the Net Premium Payments allocated or other amounts transferred to the Indexed Account being held in the Holding Account until the next Indexed Account Allocation Date;

	
b.

	
subtracting the amount of any transfer from the Holding Account;

	
c.

	
subtracting any portion of a Monthly Deduction deducted for the current Policy Month;

	
d.

	
subtracting any portion of a partial surrender deducted;

	
e.

	
subtracting any portion of the surrender charges due to any decrease in Specified Amount;

	
f.

	
adding daily interest credited as explained in the "Interest Credited Under Holding Account" provision.

Indexed Account Value   The Indexed Account Value is the sum of the value of all open Segments.  The value of a Segment at any point in time is equal to:

	
a.

	
the amount of any transfer from the Holding Account;

	
b.

	
subtracting the amount of any transfer from the Indexed Account;

	
c.

	
subtracting any portion of the Monthly Deduction deducted for the current Policy Month;

	
d.

	
subtracting any portion of a partial surrender deducted;

	
e.

	
subtracting any portion of the surrender charges due to any decrease in Specified Amount.

Loan Account Value   The Loan Account Value, if any, with respect to this Policy, is the amount of any Fixed Loan(s), including any interest charged on the loan(s), less any amounts as described under the "Loan Repayment" provision taking into account the amounts described in the "Interest Credited Under Loan Account" provision.

Interest Credited Under Fixed Account   We will credit interest to the Fixed Account daily. The interest rate applied to the Fixed Account will never be less than the Guaranteed Minimum Fixed Account Interest Rate shown in the Policy Specifications.  Interest in excess of the guaranteed rate may be applied as determined by us. Such interest is referred to in this Policy as excess interest and is not guaranteed.  Interest will begin to accumulate as of the date the Net Premium Payment or any value is directed to the Fixed Account.

Interest Credited Under Holding Account   We will credit interest to the Holding Account daily.  The interest rate applied to the Holding Account will be no less than the Guaranteed Minimum Holding Account Interest Rate shown in the Policy Specifications.  Interest in excess of the guaranteed rate may be applied as determined by Us. Such interest is referred to in this policy as excess interest and is not guaranteed.  Interest will begin to accumulate as of the date the Net Premium or any value is directed to the Holding Account.

Interest Credited Under Loan Account   We will credit interest to the Loan Account daily.  The interest rate applied to the Loan Account is shown in the Policy Specifications.  Such loan interest amount will be transferred on each Monthly Anniversary Day on the same basis as the most recent Net Premium Payment allocations.

Mortality and Expense Risk ("M&E") Charge   We will subtract a mortality and expense risk ("M&E") charge, if any, from each Sub-Account at the end of each Valuation Period.  This charge will not exceed the following:

	
a.

	
the Guaranteed Maximum Mortality and Expense Risk Daily Charge Rate;

	
b.

	
multiplied by the value of the Sub-Account; and

	
c.

	
multiplied by the number of calendar days in the Valuation Period.

The rate used to calculate this charge is guaranteed not to exceed the Guaranteed Maximum M&E Charge Rate shown in the Table of Expense Charges and Fees in the Policy Specifications.

Fees Associated with the Underlying Funds   Underlying Fund operating expenses may be deducted by each Underlying Fund as set forth in its prospectus.

Persistency Bonus   Beginning with the Policy Year shown in the Policy Specifications and on each Monthly Anniversary Day thereafter, we will credit a Persistency Bonus to the Fixed Account and any of the Sub-Account(s) in the same proportion as the balances invested in the total of such account(s) as of the date the credit is applied.  The Persistency Bonus for a Policy Month will be no less than:

	
a.

	
the monthly Guaranteed Minimum Persistency Bonus Rate Credited to Fixed Account and Sub-Account(s) shown in the Policy Specifications;

	
b.

	
multiplied by the Fixed Account Value plus the Separate Account Value.

A higher Persistency Bonus Rate may be applied as determined by us.

Monthly Deduction   Each Policy Month, beginning with the Policy Date and on each Monthly Anniversary Day thereafter, we will subtract the Monthly Deduction from the Fixed Account and any Sub-Account(s) in the same proportion as the balances invested in the total of such account(s) as of the date on which the deduction is made, unless otherwise agreed to by you and us In Writing.  If insufficient value exists in the Fixed Account and any Sub-Account(s) to cover the cost of the Monthly Deduction, value will be deducted from the Holding Account.  If insufficient value exists in the Holding Account, value will be deducted from the most recently opened Segment in the Indexed Account and will continue in successive order on a last in – first out basis until the cost of the Monthly Deduction has been satisfied.  If multiple Segments were opened on the same Indexed Account Allocation Date, a prorated portion will be taken from each Segment.

The Monthly Deduction for a Policy Month equals:

	
a.

	
the Monthly Administrative Fee not to exceed the Guaranteed Maximum Monthly Administrative Fee as described in the Table of Expense Charges and Fees in the Policy Specifications;

	
b.

	
plus the Cost of Insurance as described in the "Cost of Insurance" provision;

	
c.

	
plus the monthly cost of any Riders and optional benefits.

Indexed Account Asset Charge   We will deduct an Indexed Account Asset Charge as part of the Monthly Administrative Fee as described in the Table of Expense Charges and Fees in the Policy Specifications.

Cost of Insurance   This Policy's monthly Cost of Insurance will be equal to (a) multiplied by the result of (b) minus (c), where:

	
(a)

	
is the Cost of Insurance rate as described in the "Cost of Insurance Rates" provision;

	
(b)

	
is the death benefit at the beginning of the Policy Month, divided by the Net Amount at Risk Discount Factor shown in the Policy Specifications, divided by 1,000; and

	
(c)

	
is the Accumulation Value at the beginning of the Policy Month after the deduction of the Monthly Administrative Fee but prior to the deduction for the monthly Cost of Insurance, divided by 1,000.

Cost of Insurance Rates   The monthly Cost of Insurance Rates are determined by us.  The Cost of Insurance Rates will not exceed the amounts described in the Policy Specifications.  We may use rates lower than the guaranteed maximum rates.

If the Insured is in a rated Premium Class, the monthly Cost of Insurance rates equal:

	
a.

	
the then applicable Cost of Insurance Rate;

	
b.

	
multiplied by the Risk Factor, if any, shown in the Policy Specifications;

	
c.

	
plus the applicable Flat Extra charge, if any, shown in the Policy Specifications.

Basis of Values   Minimum Policy Values are based on the mortality assumptions and interest rates shown in the Policy Specifications.  The values of this Policy are at least equal to the minimum required by law.  If required, a detailed statement of the method used to determine Policy Values and reserves has been filed with the state in which this Policy is delivered.

Changes in Rates and Charges   Subject to the guaranteed maximums and guaranteed minimums shown in the Policy Specifications, we may change the rates and charges that apply to your Policy.  Among the rates and charges that can change are the monthly Cost of Insurance Rates, excess interest rates credited to the Fixed Account, Persistency Bonus Rate, mortality and expense charges and administrative fees. We will not make any changes to these rates and charges in order to distribute past gains or recoup past losses.

If a change in Cost of Insurance Rates is made, it will be based on our expectations at that time as to future cost factors, which may include, but are not limited to mortality, investment earnings, persistency, expenses (including reinsurance costs and taxes), policy funding, net amount at risk, loan utilization, capital requirements, and reserve requirements.  Any change will apply uniformly to all individuals of the same Premium Class and policy duration as the Insured.

Separate Account Provisions

Separate Account   You may allocate your Net Premium Payments and Accumulation Value (except for Holding Account Value, Indexed Account Value, and Loan Account Value) to the Sub-Account(s), which are divisions of the Separate Account shown in the Policy Specifications.  The Separate Account was established by a resolution of our Board of Directors as a "separate account" under the insurance law of our state of domicile. The Separate Account under which there are Sub-Accounts is registered as a unit investment trust under the 1940 Act.  The assets of the Separate Account (except assets in excess of the reserves and other contract liabilities of the Separate Account) will not be chargeable with liabilities arising out of any other business conducted by us. The income, gains or losses from the Separate Account's assets will be credited or charged against the Separate Account without regard to the income, gains or losses of the Company.  Separate Account assets are owned and controlled exclusively by us, and we are not a trustee with respect to such assets.

We may change the investment policy of the Separate Account at any time. If required by the Insurance Commissioner, we will file any such change for approval with the Department of Insurance in our state of domicile, and in any other state or jurisdiction where this Policy is issued.

Sub-Accounts   The Separate Account is divided into Sub-Accounts.  The assets of each Sub-Account will be invested fully and exclusively in shares of the appropriate Underlying Fund for such Sub-Account. The investment performance of each Sub-Account will reflect the investment performance of the appropriate Underlying Fund.  For each Sub-Account, we will maintain Variable Accumulation Units as a measure of the investment performance of the Underlying Fund shares held in such Sub-Account. We may add or delete Sub-Accounts at any time.

Investments of the Sub-Accounts   All amounts allocated or transferred to a Sub-Account will be used to purchase shares of the appropriate Underlying Fund.  Each Underlying Fund will at all times be registered under the 1940 Act as an open-end management investment company.  After due consideration of appropriate factors, we may eliminate or substitute Underlying Funds in accordance with the "Underlying Fund Withdrawal and Substituted Securities" provision. Any and all distributions made by an Underlying Fund will be reinvested in additional shares of that Underlying Fund at net asset value.  Deductions by us from a Sub-Account will be made by redeeming a number of Underlying Fund shares at a net asset value equal in total value to the amount to be deducted.

Investment Risk   Underlying Fund share values fluctuate, reflecting the risks of changing economic conditions and the ability of an Underlying Fund's investment adviser or sub-adviser to manage that Underlying Fund and anticipate changes in economic conditions.  You bear the entire investment risk of gain or loss of the Separate Account assets under this Policy.

Underlying Fund Withdrawal and Substituted Securities   If a particular Underlying Fund ceases to be available for investment, or if we determine that further investment in a particular Underlying Fund is not appropriate in view of the purposes of the Separate Account (including without limitation that it is not appropriate in light of legal, regulatory or Federal income tax considerations), we may withdraw that particular Underlying Fund as a possible investment under the Separate Account and may substitute shares of a new or different Underlying Fund for shares of the withdrawn Underlying Fund.  We will obtain any necessary regulatory or other approvals prior to taking this action.  We may make appropriate Endorsements to this Policy to the extent reasonably required to reflect any withdrawal or substitution.

Holding Account Provisions

Holding Account   Any portion of a Net Premium Payment allocated to the Indexed Account and and all funds for transfer to the Indexed Account will first be deposited into the Holding Account.  On each Indexed Account Allocation Date, the Holding Account Value will be transferred to the Indexed Account in accordance with your Account Allocation instructions or Maturing Segment Allocation instructions.  The Holding Account Value is determined as described in the "Holding Account Value" provision.  We will credit interest daily to the Holding Account as shown on the Policy Specifications.

Indexed Account Provisions

Indexed Account and Indexed Account Option(s)   The Indexed Account is part of the general account assets of the Company and consists of Indexed Account Option(s) that are eligible for interest based on an outside Index ("Indexed Credits") subject to the terms of this Policy.  This Policy provides for one or more Indexed Account Option(s). Indexed Account Option(s) available under your Policy as of the Policy Date are shown in the Policy Specifications.  We reserve the right, in our sole discretion, to add one or more Indexed Account Options. We also reserve the right, in our sole discretion, to withdraw one or more Indexed Account Option(s), but at least one Indexed Account Option will be available to you.  If an Indexed Account Option is added or withdrawn, we will notify you.

If the Indexed Account becomes subject to registration under the Securities Act of 1933, we reserve the right, in our sole discretion, to terminate the Indexed Account.  In such case, any money in a Segment will be moved to the Fixed Account and you will not be allowed to make any transfers to the Indexed Account.  We will notify you if the Indexed Account is terminated and request Premium Allocation instructions.

Discontinuation of or Substantial Change to an Index   If an Index is discontinued, or if an Index calculation changes substantially, we will select an alternative Index and will notify you and any assignee.

Segment    Each time a transfer is made from the Holding Account to the Indexed Account a new Segment is created. The new Segment is credited with any Index Credits on the Segment Maturity Date.  You may establish more than one Segment on the same date if we provide more than one Indexed Account Option.  Please refer to the Indexed Account Option(s) Specifications section(s) of the Policy Specifications for detailed information regarding the calculation of Index Credits.

Segment Date   The date a Segment is created.  Each Segment has its own Segment Date.  Segment Months, Segment Durations, and Segment Maturity Dates are measured from this date.  If a Segment Date, Segment Month, or Segment Maturity Date coincides with a weekend, customary holiday, or a date on which the New York Stock Exchange is closed, the value at the close of the next business day will be used.

Transfer Privilege Provisions

Transfer Privilege   At any time while this Policy is In Force, other than during the Right to Examine Period, you have the right to transfer amounts among the Fixed Account and Sub-Account(s) available under this Policy and from the Fixed Account and Sub-Account(s) to the Indexed Account, subject to the "Rights of Owner" provision.  Transfers from the Indexed Account can only be made on an Indexed Account Allocation Date through the Maturing Segment Allocation instructions that you have provided.  All such transfers are subject to the following:

	
a.

	
Transfers may be made by Request, subject to our consent.  Our consent is revocable upon Notice to you.

	
b.

	
Transfer Requests must be received in a form acceptable to us at the Administrator Mailing Address prior to the time of day set forth in the prospectus and on a Valuation Day in order to be processed as of the close of business on the date the request is received; otherwise, the transfer will be processed on the next Valuation Day.

	
c.

	
We will not be responsible for (1) any liability for acting in good faith upon any transfer instructions given by internet or telephone, or (2) the authenticity of such instructions.

	
d.

	
A single transfer Request may consist of multiple transactions.

	
e.

	
The amount being transferred may not exceed the maximum transfer amount limit, if any then in effect as established by an Underlying Fund to which you have premium allocated.

	
f.

	
The amount being transferred may not be less than the Minimum Transfer Amount shown in the Policy Specifications unless the entire value of the Fixed Account or Sub-Account is being transferred.

	
g.

	
Any value remaining in the Fixed Account or a Sub-Account following a transfer may not be less than the Minimum Remaining Value of the Fixed Account or any Sub-Account(s) After a Transfer as shown in the Policy Specifications.

	
h.

	
Transfers involving Sub-Account(s) will reflect the purchase or cancellation of Variable Accumulation Units having an aggregate value equal to the dollar amount being transferred to or from a particular Sub-Account. The purchase or cancellation of such units will be made using Variable Accumulation Unit Values of the applicable Sub-Account for the Valuation Period during which the transfer is effective. Transfers involving Sub-Accounts will be subject to such additional terms and conditions as may be imposed by the corresponding Underlying Funds.

	
i.

	
Transfers cannot be made from an open Segment.

	
j.

	
We reserve the right to restrict the ability to reallocate all or part of a Segment Maturity Value to Sub- Account(s).

Transfer Fees   We reserve the right to charge a fee for each transfer request in excess of the Policy Year's maximum number of transfers as shown in Policy Specifications. The Transfer Fee will not exceed the Transfer Fee shown in the Table of Expense Charges and Fees of the Policy Specifications. Transfer fees may be deducted on a pro-rata basis from the Fixed Account and/or Sub-Account(s) from which the transfer is being made. Transfers from indexed account matured segments do not count against free transfers available.

Transfers from the Fixed Account   Transfers from the Fixed Account will not be made prior to the first Policy Anniversary except as provided under the Dollar Cost Averaging or Automatic Rebalancing programs.  The amount of all transfers in any Policy Year will not exceed the amount shown under the Limitations on Transfers from the Fixed Account in the Policy Specifications.  We reserve the right to waive this limit.

Transfers from a Sub-Account   Transfers which request that amounts be transferred from one or more Sub-Account(s) may be:

	
a.

	
refused if the Underlying Fund refuses a transfer request from us; or

	
b.

	
restricted or prohibited, based upon instructions received from the Underlying Fund as a result of the review of information about your trading activity which we have provided to the Underlying Fund.

Change of Terms and Conditions   We reserve the right to change the terms and conditions of the "Transfer Privilege Provisions" in response to changes in legal or regulatory requirements.  Further, we reserve, at our sole discretion, the right to limit or modify transfers that may have an adverse effect on other Policy Owners.   Transfer rights may be restricted in any manner or terminated until the beginning of the next Policy Year if we determine that your use of the transfer right may disadvantage other Policy Owners.

Surrender Provisions

Surrender   Upon Request, you may surrender this Policy for its Surrender Value while this Policy is In Force and the Insured is living.  Surrender of this Policy is effective on the Valuation Day we receive both this Policy and your Request for surrender.  All coverage under this Policy will terminate upon surrender for its Surrender Value.  The payment of a full surrender prior to the Segment Maturity Date will result in the Guaranteed Minimum Annual Interest Rate Credited to a Maturing Segment being applied on a prorated basis to an open Segment on the date of surrender.

The Surrender Value will be paid in a lump sum unless you choose a settlement option we make available.  Any deferment of payments will be subject to the "Deferment of Payments" provision.

Surrender Charges   If you submit a Request for either a full surrender of this Policy or a decrease in Specified Amount, a charge will be assessed based on the Table of Surrender Charges shown in the Policy Specifications, subject to the conditions described in the provisions below.

Charge for Decrease in Specified Amount   For decreases in Specified Amount, excluding full surrender of this Policy, the surrender charge, if any, will be calculated as described in the Table of Surrender Charges in the Policy Specifications.

The amount of any charge for a decrease in Specified Amount will be deducted from the Fixed Account and any Sub- Account(s) in the same proportion as the balances invested in the total of such account(s) as of the date on which the deduction is made.  If insufficient value exists from in Fixed Account and any Sub-Account(s) to cover the charge for a decrease in Specified Amount, value will be deducted from the Holding Account.  If insufficient value exists in the Holding Account, value will be deducted from the most recently opened Segment in the Indexed Account and will continue in successive order on a last in – first out basis until the cost of the charge for decrease in Specified Amount has been satisfied.  If multiple Segments were opened on the same Indexed Account Allocation Date, a prorated portion will be taken from each Segment.

We may limit Requests for decreases in Specified Amount to the extent there is insufficient Surrender Value to cover the necessary charges.

Surrender Charge for Full Surrender   Upon full surrender of this Policy, the surrender charge equals:

	
a.

	
the entire amount shown in the Table of Surrender Charges in the Policy Specifications;

	
b.

	
multiplied by one minus the percentage of Initial Specified Amount for which a surrender charge was previously assessed, if any.

In no event will the charge assessed upon a full surrender exceed the then current Accumulation Value less any Debt.

A new schedule of surrender charges will apply with respect to each increase in Specified Amount.  For purposes of calculating charges for full surrenders of, or decreases in, such increased Specified Amounts, the amount of the increase will be considered a new "Initial Specified Amount".

Partial Surrender (i.e. Withdrawal)   Upon Request and subject to our consent, you may make a partial surrender from this Policy on any Valuation Day while this Policy is In Force.  Our consent is revocable upon Notice to you.  Any deferment of payment of a partial surrender will be subject to the "Deferment of Payments" provision.

The amount of the partial surrender Requested is subject to the Amount of Partial Surrenders as shown in the Policy Specifications.

The Specified Amount remaining after the partial surrender must be greater than the Minimum Specified Amount shown in the Policy Specifications.  The amount of the partial surrender will be withdrawn from the Fixed Account and/or Sub- Account(s) in the same proportion as the balances invested in the total of such account(s) as of the date on which the deduction is made.  If insufficient value exists in the Fixed Account and any Sub-Account(s) to cover the partial surrender, value will be deducted from the Holding Account.  If insufficient value exists in the Holding Account, value will be deducted from the most recently opened Segment in the Indexed Account and will continue in successive order on a last in – first out basis until the amount of the partial surrender has been satisfied.  If multiple Segments were opened on the same Indexed Account Allocation Date, a prorated portion will be taken from each Segment.

Any surrender from Sub-Account(s) will result in the cancellation of Variable Accumulation Units which have an aggregate value on the date of the surrender equal to the total amount by which each Sub-Account is reduced.  The cancellation of such units will be based on the Variable Accumulation Unit Value of each Sub-Account determined at the close of the Valuation Period during which the surrender is effective.

Effect of Partial Surrenders on Accumulation Value and Specified Amount   As of the end of the Valuation Day on which there is a partial surrender, the Accumulation Value will be reduced by the amount of the partial surrender.

If Death Benefit Option 1 is in effect, the Death Benefit Proceeds will be reduced.  The Specified Amount may also be reduced.  The amount of the reduction will be equal to the greater of:

	
a.

	
zero; or

	
b.

	
an amount equal to the amount of the partial surrender minus the greater of i) zero or ii) the result of [(1) minus (2)] divided by (3), where:

	
(1)

	
is an amount equal to the Accumulation Value on the Valuation Day immediately prior to the partial surrender multiplied by the applicable percentage shown in the Corridor Percentages Table in the Policy Specifications;

	
(2)

	
is the Specified Amount immediately prior to the partial surrender; and

	
(3)

	
is the applicable percentage shown in the Corridor Percentages Table in the Policy Specifications.

If Death Benefit Option 2 is in effect, the Death Benefit Proceeds will be reduced by the amount of the partial surrender. The Specified Amount will not be reduced.

If Death Benefit Option 3 is in effect, the Accumulated Premium and the Death Benefit Proceeds will be reduced by the amount of the partial surrender.  If the amount of the partial surrender exceeds the Accumulated Premium, the Specified Amount will be reduced by the excess amount.

Loan Provisions

Loans   If this Policy has Surrender Value available, we will grant a loan against the Policy provided:

	
a.

	
a loan agreement is properly executed; and

	
b.

	
you make a satisfactory assignment of this Policy to us.

There are two loan options available, a Fixed Loan or a Participating Loan.  When Requesting a loan, you must select either a Fixed Loan or a Participating Loan option.  If there is an existing loan on your Policy and you Request an additional loan, the new loan will be the same option as the existing loan unless you Request to switch loan options.  If you choose to switch loan options, the existing and new loans will be the new loan option selected.

A Fixed Loan may be for any amount up to the then current Surrender Value.  A Participating Loan may be for any amount up to the lesser of the current Surrender Value or the Accumulation Value allocated to the Holding Account and Indexed Account.

We reserve the right to limit the amount on any loan to 90% of the current Surrender Value.  The amount borrowed will be paid within 7 calendar days of our receipt of your loan Request, except as specified in the "Deferment of Payments" provision.

Surrender Value enhancements provided under any Rider that may be attached to your Policy are not included in the amounts available for a loan.

The Minimum Loan Amount is shown in the Policy Specifications.  We reserve the right to modify this amount in the future.

Fixed Loan   We will withdraw an amount equal to the Fixed Loan from the Fixed Account and/or the Sub-Account(s) in the same proportion as the balances invested in the total of such account(s), unless you instruct us otherwise by Request. Such amounts will become part of the Loan Account. If the Fixed Account and Sub-Account(s) do not have sufficient value, additional value will be transferred out of the Holding Account and out of the Indexed Account.  Any amount transferred from the Indexed Account will be from the most recently opened Segment(s) and will continue in successive order on a last in – first out basis.  If multiple Segments were opened on the same Indexed Account Allocation Date, a prorated portion will be taken from each Segment.  The outstanding loan balance at any time includes accrued interest on the Fixed Loan.

If an amount is transferred out of the Indexed Account for a Fixed Loan and within a 12 month period from the date of that transaction, either a premium payment or loan repayment is made, we reserve the right to:

	
a.

	
allocate the Net Premium Payment and/or Loan Repayment to the Fixed Account, and

	
b.

	
restrict transfers from the Fixed Account and/or the Sub-Account(s) into the Holding Account for allocation to the Indexed Account.

Participating Loan   A loan against the Holding Account Value and Indexed Account Value where an amount equal to the Debt remains in the Holding Account and Indexed Account as allocated at the time the loan is taken, and not transferred to the Loan Account.  The amount available for a Participating Loan is determined as the minimum of:

	
a.

	
this Policy's Surrender Value; or

	
b.

	
the sum of the Holding Account Value plus Indexed Account Value.

Loan Account   An amount equal to the amount of any Fixed Loan will be transferred out of the Fixed Account and/or Sub-Account(s), and if necessary from the Holding Account and the Indexed Account as described in the "Fixed Loan" provision, and into the Loan Account. Interest will be credited to the Loan Account as described in the "Interest Credited Under Loan Account" provision.  Please refer to the "Loan Account Value" provision.

Interest Rate Charged on Fixed Loan   Interest charged on the Fixed Loan will be at an annual rate as shown in the Policy Specifications, payable in arrears.  Interest charged on the Fixed Loan accrues daily and is payable annually on each Policy Anniversary or as otherwise agreed to In Writing by you and us.  If you do not pay the interest when it is due, the loan interest amount will be transferred out of the Fixed Account and any Sub-Account(s) in the same proportion as the balances invested in the total of such account(s) and into the Loan Account, unless both you and we agree otherwise by Request.  If the Fixed Account and Sub-Account(s) do not have sufficient value, additional value will be transferred out of the Holding Account and out of the Indexed Account.  Any amount transferred from the Indexed Account will be from the most recently opened Segment(s) and will continue in successive order on a last in – first out basis.  If multiple Segments were opened on the same Indexed Account Allocation Date, a prorated portion will be taken from each Segment.

Interest Rate Charged on Participating Loan   Interest charged on the Participating Loan will be at an annual rate as shown on the Policy Specifications, payable in arrears.  Interest charged on the Participating Loan accrues daily and is payable annually on each Policy Anniversary or as otherwise agreed to In Writing by you and us.  If you do not pay the interest when it is due, we will add the amount of interest to the loan.

Loan Repayment   Debt may be repaid at any time during the lifetime of the Insured.  The minimum loan repayment is the Minimum Loan Repayment Amount shown in the Policy Specifications or the amount of the outstanding Debt, if less.  For a Participating Loan, Debt will be reduced by the amount of the loan repayment.

For a Fixed Loan, the Debt and the Loan Account Value will be reduced by the amount of any loan repayment. Any repayment of Debt, other than loan interest, will be allocated to the Fixed Account and/or Sub-Account(s), and/or Indexed Account in the same proportion in which Net Premium Payments are currently allocated.

Debt   A loan against this Policy, unless repaid, will have an effect on the Surrender Value.  A loan reduces the then Surrender Value while repayment of a loan increases the Surrender Value.  Any Debt at time of settlement will reduce the Death Benefit Proceeds payable under this Policy.

If at any time the total Debt against this Policy, including interest accrued but not due, equals or exceeds the then current Accumulation Value less any applicable surrender charge, the Policy will enter the grace period as described in the "Grace Period" provision.

Annual Rebalancing of Holding Account and Indexed Account Due to Participating Loan   On each Policy Anniversary, if Debt is greater than the Holding Account Value and Indexed Account Value, amounts will be withdrawn from the Fixed Account and any Sub-Account(s) in the same proportion as the balances invested in the total of such account(s) and transferred to the Holding Account until Debt equals the Holding Account Value and Indexed Account Value.

Converting from One Loan Option to the Other   A conversion from one loan option to the other can be done only once in a twelve-month period and only after twelve months have elapsed from the date of the most recent loan, and the entire loan must be converted.  When a loan is converted, interest will be charged at the interest rate in effect for the current loan option until the date of the conversion.  From the date of conversion, interest is charged at the interest rate in effect under the new loan option.

Participating Loan to Fixed Loan Conversion   On the day the Participating Loan is converted to a Fixed Loan, an amount equal to the loan principal will be transferred from the Fixed Account and/or Sub-Account(s) in the same proportion as the balances invested in the total of such account(s) into the Loan Account.  If the Fixed Account and Sub-Account(s) do not have sufficient value, additional value will be transferred out of the Holding Account and out of the Indexed Account.  Any amount transferred from the Indexed Account will be from the most recently opened Segment(s) and will continue in successive order on a last in – first out basis.  If multiple Segments were opened on the same Indexed Account Allocation Date, a prorated portion will be taken from each Segment.

Fixed Loan to Participating Loan Conversion   Unless otherwise Requested by you and agreed to by us, when a Fixed Loan is converted to a Participating Loan, the Loan Account Value will be transferred to the Indexed Account according to the Indexed Account Allocations that you have provided.

General Provisions

Annual Report   We will send you a report at least once a year without charge showing the activity of this Policy for the past Policy Year. The report will show:

	
a.

	
the Accumulation Value as of the reporting date;

	
b.

	
premiums paid, interest and amount credited to the Accumulation Value since the last report;

	
c.

	
the current death benefit;

	
d.

	
the current Policy values;

	
e.

	
any Premium Load, Administrative Fees, Monthly Deductions, Cost of Insurance, and partial surrenders deducted since the last report; and

	
f.

	
outstanding Debt.

This report will also include any other information required under the laws and regulations of the state in which this Policy is delivered.

Compliance with the Internal Revenue Code   This Policy is intended to qualify as life insurance under the Internal Revenue Code.  The Death Benefit Proceeds provided by this Policy are intended to qualify for the tax treatment accorded to life insurance under Federal law.   If at any time the premium paid under this Policy exceeds the amount allowable for such qualification, we will refund the premium to you with interest within 60 days after the end of the Policy Year in which the premium was received.  The interest rate used on any refund will be the excess premium's pro rata rate of return on the contract until the date we notify you that the excess premium and the earnings on such excess premium have been removed from this Policy.  Any interest may be taxable to you.

We reserve the right to increase the Death Benefit (which may result in larger charges under this Policy) or to take any other action deemed necessary to maintain this Policy's compliance with the federal tax definition of life insurance. We also reserve the right to refuse to make any change in the Specified Amount or any other change if such change would cause this Policy to fail to qualify as life insurance under the Internal Revenue Code.

Deferment of Payments   Any amounts payable as a result of loans, full surrender, or partial surrenders (i.e. withdrawals) will be paid within 7 calendar days after we receive your Request.  However, payment of amounts from the Sub-Account(s) may be postponed until the next Valuation Day.  Additionally, we reserve the right to defer the payment of such amounts from the Fixed Account, Holding Account, and Indexed Account for up to 6 months from the date we receive your Request. During any such deferred period, the amount payable will bear interest as required by law.  However, a loan or partial surrender for payment of premium to us will not be deferred.

Modified Endowment   Only with your Election, provided at the time of application or a later date, will this Policy be allowed to become a modified endowment contract under the Internal Revenue Code. Otherwise, if at any time the premiums paid under this Policy exceed the limit for avoiding modified endowment contract status, the excess premium will be held in a separate deposit fund, credited with interest, and will be used to pay future premium payments. The funds held in the separate deposit fund are not considered part of your Accumulation Value, and any interest may be taxable and you should consult a tax advisor if you have questions regarding this. If you instead elect to have the excess premium refunded to you, we will refund the excess premium to you with interest within sixty days after the end of the Policy Year in which the premium was received. The interest rate used on any refund or credited to the separate deposit fund created by this provision will be a rate of interest that we declare from time to time.  Any interest may be taxable to you.

Payment of Proceeds   Proceeds mean the amount payable:

	
a.

	
upon the full surrender of this Policy; or

	
b.

	
upon the Insured's death.

Upon the Insured's death, while this Policy is still In Force, the Proceeds payable will be the Death Benefit Proceeds.  Such Death Benefit Proceeds are payable subject to receipt of Due Proof of Death of the Insured.  If the Insured dies within the grace period, we will deduct any overdue Monthly Deductions from the Death Benefit Proceeds plus interest, if applicable.

If this Policy is surrendered before the Insured's death, the Proceeds payable upon full surrender will be the Surrender Value.

The Proceeds payable under this Policy are subject to the adjustments described in the following provisions:

	
a.

	
"Misstatement of Age or Sex";

	
b.

	
"Incontestability";

	
c.

	
"Suicide";

	
d.

	
"Effect of Partial Surrenders on Accumulation Value and Specified Amount";

	
e.

	
"Grace Period";

	
f.

	
"Debt"; and

	
g.

	
"Premium Refund" at the Insured's Death.

We may require return of this Policy when settlement is made.  Proceeds will be paid in a lump sum unless you choose a settlement option we make available.

Projection of Benefits and Values   Upon your Request, we will provide a projection of illustrative future Death Benefit Proceeds and Policy values once a year without charge.  Additional projections are available at any time upon Request. If you Request more than one projection in a year, we reserve the right to charge a reasonable fee for each additional projection.

Effect of Policy on Riders Provisions

Effect of Policy on Riders   Any reference to the following terms contained in any Rider attached to this Policy will be modified as follows:

	
a.

	
"Variable Account" will mean "Separate Account" as defined in this Policy;

	
b.

	
"Date of Issue" will mean "Policy Date" as defined in this Policy;

	
c.

	
"Schedule 1" will mean "Table of Surrender Charges shown in the Policy Specifications"; and

	
d.

	
"Schedule 4" will mean "Corridor Percentages Table shown in the Policy Specifications".

If any of the following Riders or Endorsements are attached to this Policy, the Riders and Endorsements will be amended as follows:

Accelerated Benefits Rider: "Cash Value" will mean "Accumulation Value" as defined in this Policy.  In addition, item (4) of the "Termination" provision is revised to read "Upon the Insured's Attained Age 121".

Change of Insured Benefit Rider: "Net Accumulation Value" will mean "Surrender Value" as defined in this Policy.

Effect of Riders on Policy Provisions

Effect of Riders on Policy Provisions   If any Riders are attached to and made part of this Policy, Policy provisions and definitions may be impacted, including those concerning premiums and Policy values.  READ YOUR POLICY AND RIDERS CAREFULLY.

Settlement Options

Payment  When the Insured dies while this Policy is In Force, the Death Benefit Proceeds may be paid in a lump sum or left with us for payment under a settlement option that we make available.

The amount applied under an option for the benefit of any Beneficiary must be at least $2,500.00.  The amount of each payment under an option must be at least $25.00.

You may make, change or revoke an Election at any time prior to the Insured's death. Following the Insured's death, a Beneficiary may elect an option if you have not elected one or if Death Benefit Proceeds are payable in one sum. A Beneficiary will always have the option to receive a lump sum payment, but otherwise may make a change in payment under a settlement option you elect only if you provided for it in your Election.

A change of Beneficiary automatically cancels a previous Election of a settlement option.

If this Policy is assigned, the assignee's portion of Death Benefit Proceeds will be paid in one sum. Any balance of Death Benefit Proceeds may be applied under a settlement option.

Claims of Creditors   The Death Benefit Proceeds and any income payments under this Policy will be exempt from the claims of creditors to the extent permitted by law.

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The Lincoln National Life Insurance Company

INDIVIDUAL FLEXIBLE PREMIUM VARIABLE ADJUSTABLE LIFE INSURANCE POLICY WITH OPTIONAL INDEXED FEATURES

Death Benefit Proceeds are payable if the Insured dies while this Policy is In Force. Investment results are reflected in Policy benefits.  The Surrender Value is payable upon surrender of this Policy.  Flexible premiums are payable to the earlier of the Insured's Attained Age 121 or the Insured's death. Planned Premium payments and additional Riders and/or benefits are shown in the Policy Specifications.  Accumulation Value allocated to the Indexed Account may be affected by an external Index; however, the Indexed Account does not directly participate in any stock or equity investment.  This Policy is non-participating; it is not eligible for dividends.The Lincoln National Life Insurance Company

Accelerated Death Benefit for Long-Term Care Services Rider

(Lincoln Care CoverageSM Accelerated Benefits Rider)

This Accelerated Death Benefit for Long-Term Care Services Rider ("Rider") is a long-term care insurance rider that provides benefits for the following Qualified Long-Term Care Services as described in the "Covered Services" section of this Rider: Adult Day Care Services, Assisted Living Facility Services, Bed Reservation, Care Planning Services, Caregiver Training, Home Health Care Services, Hospice Services, Nursing Home Care Services, Respite Care Services, Alternative Care Services, and Non-Continual Services. All Covered Services are subject to the terms and conditions of this Rider.

This Rider is a part of the Policy to which it is attached (the "Policy"). The effective date of this Rider is the Policy Date.  Except as provided below, this Rider is subject to the terms and conditions of the Policy. We agree to provide the benefits described in this Rider for Qualified Long-Term Care Services received by the Insured in accordance with all the terms and conditions of this Rider.

This Rider modifies certain terms in your Policy. Certain values under your Policy will be reduced if you receive benefits under this Rider, as described in the "Impact of Benefit Payments on Policy" section. YOU CANNOT RECEIVE BENEFITS UNDER MORE THAN ONE ACCELERATION OF BENEFITS RIDER ATTACHED TO THIS POLICY, even if multiple acceleration of benefits riders are attached. Receipt of benefits under this Rider will automatically terminate certain other riders attached to the Policy, and receipt of benefits under certain other riders attached to the Policy will automatically terminate this Rider, as described in the "Interaction of Rider with Other Riders and Endorsements" section. READ YOUR POLICY AND RIDER CAREFULLY AND IN THEIR ENTIRETY.

30 DAY RIGHT TO EXAMINE THIS RIDER

You may return this Rider for any reason to the insurance agent through whom it was purchased, to any other insurance agent of the Company, or to us at the Service Office address shown on the cover of your Policy within 30 days after its receipt.  If returned, this Rider will be considered void from the Policy Date and we will refund all charges deducted for this Rider as a credit to the Policy within 30 days of the return. This Rider cannot be added to the Policy at a later date.

TAXATION

This Rider is intended to be a qualified long-term care insurance policy under Section 7702B(b) of the Internal Revenue Code, as amended.

CAUTION

The issuance of this Rider is based on the responses to the questions on your application for this Rider and the Policy to which it is attached.  A copy of your application is attached to your Policy.  If any answers in your application are incorrect or untrue, we have the right to deny benefits or rescind this Rider.  The best time to clear up any questions as to the accuracy of any answers in your application is now, before a claim arises.  If, for any reason, any answers are incorrect, contact us at the Service Office address shown on the cover of your Policy.

NOTICE TO OWNER

This Rider may not cover all of the costs associated with long-term care incurred by the Insured during the period of coverage.  The Owner is advised to carefully review all Policy and Rider limitations. THIS RIDER IS NOT A MEDICARE SUPPLEMENT PRODUCT.

Renewability

This Rider is guaranteed renewable.  We cannot change any of the terms of this Rider on our own, and it will remain In Force for as long as the Policy remains In Force, subject to the "Termination of Rider" and "Incontestability" provisions.  However, we may increase the current rates used to calculate the Monthly LTC Rider Charge, as described in the "Cost of Rider" section.

Table of Contents

Definitions                                                                                                                                                                                    3

Cost of Rider                                                                                                                                                                                    10

Eligibility for the Payment of Benefits                                                                                                                                                                                    10

Long-Term Care Benefits                                                                                                                                                                                    12

Covered Services                                                                                                                                                                                    13

General Exclusions and Limitations                                                                                                                                                                                    15

Impact of Policy Transactions on Rider Benefits                                                                                                                                                                                    16

Interaction of Rider with Other Riders and Endorsements                                                                                                                                                                                    17

Impact of Debt on Benefit Payments                                                                                                                                                                                    17

Impact of Benefit Payments on Policy....................................................................................18

Lapse and Lapse Protection.................................................................................................19

Claims                                                                                                                                                                                    20

General Rider Information                                                                                                                                                                                    23

DEFINITIONS

This Rider uses terms found in the Policy.  Those terms have the same meaning as in the Policy unless we have indicated a change.  The Rider also contains terms that are not used in the Policy.  Such terms may be defined within the sentences where they appear or may be found in the "Definitions" section below.

Activities of Daily Living

The 6 Activities of Daily Living are:

	
a.

	
Bathing:  The Insured's ability to wash himself or herself in a tub or shower (including the task of getting into or out of the tub or shower), or else to wash himself or herself by sponge bath.

	
b.

	
Continence:  The Insured's ability to maintain control of bowel and bladder function; or, when unable to maintain control of bowel or bladder function, the Insured's ability to perform associated personal hygiene (including caring for a catheter or colostomy bag).

	
c.

	
Dressing:  The Insured's ability to put on and take off all essential items of clothing and any necessary braces, fasteners or artificial limbs.

	
d.

	
Eating:  The Insured's ability to feed himself or herself by getting food into the body from a receptacle (such as a plate, cup, or table) or by a feeding tube or intravenously.

	
e.

	
Toileting:  The Insured's ability to get to and from the toilet, get on and off the toilet, and perform personal hygiene associated with the use of the toilet.

	
f.

	
Transferring:  The Insured's ability to get into or out of a typical bed, chair, or wheelchair.

Assisted Living Facility

A facility (or a distinctly separate section of a facility) which is licensed or certified to operate as an Assisted Living Facility under the laws of the state or jurisdiction in which it is located and provides care for Chronically Ill individuals in exchange for monetary compensation.  If the state or jurisdiction in which the facility operates does not license or certify Assisted Living Facilities, then the facility must meet all of the following criteria in order to qualify as an Assisted Living Facility under this Rider:

	
a.

	
it must maintain daily records of all care and services provided to each Chronically Ill resident (including the Insured, who must be a full-time resident of the facility);

	
b.

 

 

c.

	
it must provide room, board, housekeeping, linens, laundry, and all of the services required to support the personal, residential and safety needs of its residents;

it must be in the business of providing, and must actually provide, Substantial Assistance and Substantial Supervision to its residents in a custodial setting;

	
d.

	
it must provide care to the Insured under the direction of a licensed physician and pursuant to the Insured's Plan of Care;

	
e.

	
it must provide care to at least 10 full-time residents (including the Insured);

	
f.

	
it must have full-time on-site staff capable of providing care 24 hours per day, 7 days per week;

	
g.

	
it must have formal written procedures for obtaining appropriate aid in the event of a medical emergency; and

	
h.

	
it must have a licensed physician on staff and available at all times in person or on call.

An Assisted Living Facility is not: a hospital (including sub-acute care and rehabilitation hospital); a clinic; a facility operated primarily for the treatment of alcoholism, drug addiction, or Mental or Nervous Disorders; a Nursing Home; an independent living facility or unit; a hospice; the Insured's or any other individual's Home; or any other facility or residential setting, except as specifically described in the criteria above, that caters to or exists for the purpose of providing or facilitating care for elderly or physically or mentally infirm individuals in exchange for monetary compensation, whether such facility or setting is licensed or unlicensed.

If a facility has multiple licenses, a portion, wing, ward or unit of such facility will qualify as an Assisted Living Facility under this Rider only if it is primarily engaged in providing care and services that meet all of the criteria stated above and the Insured is confined to such portion, wing, ward or unit of the facility.

Care Planning Agency

An agency or organization which is primarily engaged in providing care planning on behalf of its clients.  The agency or organization must be licensed as a Care Planning Agency by the appropriate licensing agency in the state or jurisdiction in which care is to be received, if the state or jurisdiction licenses such agencies.  If the state or jurisdiction does not license Care Planning Agencies, then the agency must meet all of the following criteria in order to qualify as a Care Planning Agency under this Rider:

	
a.

	
it must operate at least 5 days per week for a minimum of 8 hours per day;

	
b.

	
it must have an employee on call to provide emergency care planning assistance during non-operating hours;

	
c.

	
it must have at least one full-time nurse and one full-time social worker on staff; and

	
d.

	
it must maintain a daily written record for each client of all services provided.

Chronically Ill (Chronic Illness)

A state of health where the Insured:

	
a.

	
is unable to perform (without Substantial Assistance from another individual) at least 2 Activities of Daily Living:

1. for a period of at least 90 days; and

2. as a result of loss of functional capacity; or

	
b.

	
requires Substantial Supervision to protect the Insured from threats to health and safety caused by a Severe Cognitive Impairment.

The term "Chronically Ill" shall not include an Insured who otherwise meets the requirements stated above unless, within the preceding 12 month period, a Licensed Health Care Practitioner has certified that the Insured meets the requirements of this provision.

With respect to the definition of Chronically Ill, the Insured shall be deemed to be capable of performing an Activity of Daily Living without Substantial Assistance if the Insured can perform the Activity of Daily Living while using an assistive device.

Covered Services

The Qualified Long-Term Care Services covered by this Rider.  These services are listed in the "Covered Services" section of this Rider.

Death Benefit Proceeds

The death benefit as described in the Policy; may also be referred to as "Proceeds" in the Policy.

Debt

Debt as defined in the Policy; may also be referred to as "Indebtedness" in the Policy.

Elimination Period

The number of days shown in the Policy Specifications on which this Rider does not provide benefits (other than Caregiver Training), as described in the "Elimination Period" provision. The Elimination Period must be satisfied within the timeframe specified in that provision before benefits (other than Caregiver Training) become payable under this Rider.

Hands-on Assistance

Physical assistance by another person without which the Insured would be unable to perform an Activity of Daily Living.

Home

An individual's primary and permanent residence. "Home" does not include: a Nursing Home; an Assisted Living Facility; an Alzheimer's facility; an adult day care center; a hospital facility; a hospice; a facility operated primarily for the treatment of alcoholism, drug addiction, or Mental or Nervous Disorders; or any other facility or residential setting that caters to or exists for the purpose of providing or facilitating care for elderly or physically or mentally infirm individuals in exchange for monetary compensation, whether such facility or setting is licensed or unlicensed, except as follows:

The independent living area, ward, wing, apartment, house, or other space of a facility that meets the definition of an Assisted Living Facility or Nursing Home under this Rider by virtue of its licensure or otherwise, shall be deemed to be the Insured's Home for purposes of this Rider, provided such independent living area is the Insured's primary and permanent residence.

Home Health Care

Qualified Long-Term Care Services covered by this Rider which are provided to a Chronically Ill individual in his or her Home in exchange for monetary compensation, including: professional nursing care by or under the supervision of a registered nurse or other licensed nurse; care by a certified home health aide; and therapeutic care services by an occupational, physical or respiratory therapist licensed or certified under the laws of the state or jurisdiction in which care is received.

Home Health Care Agency

An entity that is in the business of providing Home Health Care. The entity must meet at least one of the following three criteria in order to qualify as a Home Health Care Agency under this Rider:

	
a.

	
it must be licensed or certified as a Home Health Care Agency in the state or jurisdiction in which Home Health Care Services are provided to the Chronically Ill Insured;

	
b.

	
it must be accredited as a Home Health Care Agency or as a provider of Home Health Care by the National League of Nursing, American Public Health Association, or Joint Commission on Accreditation of Health Care Organizations or their successor organization; or

	
c.

	
it must be certified by Medicare as a Home Health Care Agency.

If an entity does not meet one or more of the three criteria described above, it will still qualify as a Home Health Care Agency under this Rider provided all of the following conditions are satisfied:

	
a.

	
the entity and the Insured's individual care provider must both be primarily engaged in the business of providing Home Health Care in exchange for monetary compensation;

	
b.

	
the Insured's individual care provider must have an ongoing, regular and formal business relationship with the entity, such as that of employee or independent contractor;

	
c.

	
the Insured's individual care provider must be licensed or certified as one of the following in the state or jurisdiction in which care is provided:

	 	
1. registered nurse;

2. licensed practical nurse;

3. licensed vocational nurse;

4. occupational therapist;

5. physical therapist;

6. licensed or certified social worker;

	 	
7. certified home health aide; or

	 	
8. certified nursing assistant;

	
d.

	
the entity must maintain daily records of all services provided to the Insured;

	
e.

	
the Insured's individual care provider must have appropriate training and experience to provide the care prescribed in the Insured's Plan of Care; and

	
f.

	
the entity and the Insured's individual care provider must provide care under formal, written policies and procedures which are developed, reviewed and executed by a group of Licensed Health Care Practitioners and other professionals, including at least one licensed physician and one licensed nurse.

Immediate Family Member

"Immediate Family Member" means:

	
a.

	
the Owner;

	
b.

	
the Insured;

	
c.

	
the children, grandchildren, brothers, sisters, aunts, uncles, nieces, nephews, step-relatives, and parents of the Insured or the Owner;

	
d.

	
a person who shares living expenses with any of the above; or

	
e.

	
the Spouse of any of the forgoing individuals, if not already listed above.

For purposes of this Rider, "Spouse" means the legally married spouse, or the partner in a civil union, domestic partnership, or common law marriage, as recognized by laws of the State of Issue or the state in which care is received.

In Writing, Written

See "Notice, Election, Request".

Insured

The person named in the Policy Specifications who may receive Covered Services under this Rider.

Licensed Health Care Practitioner

A physician, as defined in Section 1861(r)(1) of the Social Security Act, a registered professional nurse, licensed social worker, or other individual who meets such requirements as may be prescribed by the Secretary of the Treasury.  The health care practitioner must be acting within the scope of his or her license when providing any Covered Service or performing necessary functions or actions under this Rider.

For purposes of this Rider, the Licensed Health Care Practitioner cannot be an Immediate Family Member.

LTC Specified Amount

The maximum amount that can be accelerated under this Rider to reimburse the costs incurred by the Insured for Covered Services. The LTC Specified Amount you chose at issue ("Initial LTC Specified Amount") is shown in the Policy Specifications. The LTC Specified Amount cannot increase, and you cannot request to decrease the LTC Specified Amount on its own. However, the LTC Specified Amount may decrease as a result of certain actions taken against the Policy, as described in the "Impact of Policy Transactions on Rider Benefits" section.

Maintenance or Personal Care Services

Any care for which the primary purpose is the provision of necessary assistance to help the Insured perform the Activities of Daily Living while Chronically Ill. This includes protection from threats to his or her health and safety due to a Severe Cognitive Impairment.

Maximum Monthly LTC Benefit Amount

The maximum dollar amount that can be accelerated each Policy Month under this Rider. The Maximum Monthly LTC Benefit Amount equals the Initial LTC Specified Amount, adjusted for any decreases described in the "Impact of Policy Transactions on Rider Benefits" section, multiplied by the Maximum Monthly LTC Benefit Percentage. The Maximum Monthly LTC Benefit Amount as of the Policy Date is shown in the Policy Specifications.

Maximum Monthly LTC Benefit Percentage

The Maximum Monthly LTC Benefit Percentage you chose at issue is shown in the Policy Specifications and is used to calculate the Maximum Monthly LTC Benefit Amount. This Election cannot be changed.

Medicaid

Title XIX of the Federal Social Security Act, as amended.

Medicare

Title XVIII of the Federal Social Security Act, as amended.

Mental or Nervous Disorders

Neurosis, psychoneurosis, psychopathy, psychosis, or mental or emotional disease or disorder including, but not limited to, anxiety or depression.

Notice, Election, Request

May also be referred to as "In Writing", "Written", or "Written Request". With respect to any notice, election or request to us, this term means a written form of communication satisfactory to us and received at our Service Office. We retain the right to agree in advance to accept communication by telephone or some other form of transmission, in a manner we prescribe. We will not be responsible for any action we take or allow before we receive a communication at our Service Office. With respect to any notice, election or request from us to you or any other person, this term means a written form of communication by ordinary mail to such person at the most recent address in our records. If agreed to in advance by you, we may also send communication to you by some other form of transmission.

Nursing Home

A facility or distinctly separate area, section or wing of a hospital or other institution which is licensed or certified to operate as a Nursing Home under the laws of the state or jurisdiction in which is it located and does so in exchange for monetary compensation.  If the state or jurisdiction does not license or certify Nursing Homes, then the facility must meet all of the following criteria in order to qualify as a Nursing Home under this Rider:

	
a.

	
it must provide nursing care in exchange for monetary compensation. Such care must be provided 24 hours per day, 7 days per week under a formal, written program of policies and procedures which are developed, reviewed and executed by a group of Licensed Health Care Practitioners and other professionals, including at least one licensed physician and one licensed nurse;

	
b.

	
it must employ or contract with a licensed physician who is available in person or on call at all times to furnish medical care in case of emergency;

	
c.

	
it must have at least one professional nurse who is a full time employee of the facility and who is present at the facility at least 30 hours per week;

	
d.

	
it must have a professional nurse on duty or on call at all times;

	
e.

	
it must maintain written daily clinical records for all residents (including the Insured, who must be a full-time resident);

	
f.

	
it must have appropriate written policies and procedures for handling and administering medications and biologicals to residents; and

	
g.

	
it must provide nursing care to at least 10 full-time residents (including the Insured).

A Nursing Home is not: a hospital (including sub-acute care and rehabilitation hospital); a clinic; a facility operated primarily for the treatment of alcoholism, drug addiction, or Mental or Nervous Disorders; an Assisted Living Facility or adult residential care facility; an independent living facility or unit; a hospice; the Insured's or any other individual's Home; or any other facility or residential setting, except as specifically described in the criteria above, that caters to or exists for the purpose of providing or facilitating care for elderly or physically or mentally infirm individuals in exchange for monetary compensation, whether such facility or setting is licensed or unlicensed.

Plan of Care

A written document which is prescribed by a Licensed Health Care Practitioner which outlines the individualized medical treatment (including medication and therapy) and non-medical assistance and services which are prescribed for the Insured because the Insured is Chronically Ill.  The Plan of Care must specify the agency or facility that will provide the prescribed care; the type, frequency, and duration of all medication, therapy, and services required by the Insured; and the identity and title of the provider who is to perform each service. The Plan of Care must also describe the likelihood of improvement or deterioration of the Insured's condition within the next 12 months from the date the Plan of Care was prepared, and must state all supporting evidence upon which the Licensed Health Care Practitioner who has developed the Plan of Care has based his or her evaluation, conclusions and prognosis.  Such supporting evidence may include documents and other information relevant to the certification that the Insured is Chronically Ill.

Some services prescribed in a Plan of Care may not be covered under this Rider. Additionally, Covered Services prescribed in a Plan of Care must be necessary and appropriate to the care needs of the Chronically Ill Insured and must be tailored to specifically address those care needs. We may seek clarification for or seek to modify a Plan of Care in which the prescribed services are not necessary, appropriate and tailored to the care needs of the Chronically Ill Insured. A Plan of Care may not be developed by an Immediate Family Member.

Pre-Existing Condition

A condition of the Insured for which medical advice or treatment was discussed with, recommended by, or received from, any provider of health, psychological or other care services within 6 months preceding the Date of Issue or the date this Rider is reinstated (unless the Insured was Chronically Ill on the date of Lapse, as described in the "Reinstatement of Rider" provision).

Qualified Long-Term Care Services

Services that meet the requirements of Section 7702B(c)(1) of the Internal Revenue Code of 1986, as amended, as follows: necessary diagnostic, preventive, therapeutic, curing, treating, mitigating and rehabilitative services, and Maintenance or Personal Care Services, which are:

	
a.

	
required by the Insured because he or she is Chronically Ill; and

	
b.

	
provided pursuant to a Plan of Care prescribed by a Licensed Health Care Practitioner.

Remaining LTC Specified Amount

The amount of LTC Specified Amount available to accelerate under this Rider after the Policy Date. The Remaining LTC Specified Amount is equal to the Initial LTC Specified Amount shown in the Policy Specifications adjusted for any decreases to the Policy's Specified Amount and partial surrenders (withdrawals), minus the sum of any benefits (other than benefits for Caregiver Training) paid under this Rider.

Service Office

In terms of address or mailing address, may also be referred to as "Administrator" in the Policy.

Severe Cognitive Impairment

Severe deterioration or severe loss in the Insured's intellectual capacity that is measured and confirmed by objective clinical evidence and standardized tests that reliably identify and measure severe impairment in the following areas:

	
a.

	
the Insured's short- or long-term memory;

	
b.

	
the Insured's orientation as to person (such as who they are), place (such as their location), and time (such as day, date, and year); and

	
c.

	
the Insured's deductive or abstract reasoning, including judgment as it relates to safety awareness.

The need for Substantial Supervision due to the presence of a Severe Cognitive Impairment must also be established by such objective clinical evidence and standardized tests.

State of Issue

The jurisdiction in which the Policy and this Rider were delivered or issued for delivery.

Substantial Assistance

Hands-on Assistance, or the presence of another person within arm's reach, which is necessary to assist the Chronically Ill Insured with the performance of an Activity of Daily Living by physical intervention, and to prevent injury to the Insured while the Insured is performing an Activity of Daily Living.

Substantial Supervision

Continual supervision (which may include cueing by verbal prompting, gestures, or other demonstrations) by another person who is physically present with the Chronically Ill Insured that is necessary to protect the Insured from death or serious threats to the Insured's health or safety arising from the Insured's Severe Cognitive Impairment.

Valuation Day

Any day on which the New York Stock Exchange is open for business, except a day during which trading on the New York Stock Exchange is restricted or on which an SEC-determined emergency exists or on which the valuation or disposal of securities is not reasonably practicable, as determined under applicable law.

we, our, us

The Lincoln National Life Insurance Company.

you, your

The Owner(s) of this Policy.

COST OF RIDER

Monthly Deduction

The Monthly LTC Rider Charge and Monthly Administrative LTC Rider Fee described below are part of the Monthly Deduction described in the Policy.

Monthly LTC Rider Charge

The Monthly LTC Rider Charge will be equal to (1) multiplied by the result of [(2) divided by (3) minus (4)], where:

	
(1)

	
is the Rider Cost of Insurance Rate as described in the "Rider Cost of Insurance Rates" provision;

	
(2)

	
is the Remaining LTC Specified Amount;

	
(3)

	
is the LTC Net Amount at Risk Discount Factor shown in the Policy Specifications; and

	
(4)

	
is the Accumulation Value (Policy Value) at the beginning of the Policy Month after the deduction of the Policy's Monthly Administrative Fee (Charges) but prior to the deduction for the Policy's monthly Cost of Insurance, multiplied by the result of the Remaining LTC Specified Amount divided by the following:

	
a.

	
If Death Benefit Option 1 is in effect, the Policy's current Specified Amount; or

	
b.

	
If Death Benefit Option 2 is in effect, the Policy's current Specified Amount plus Accumulation Value (Policy Value).

Rider Cost of Insurance Rates

The monthly Rider Cost of Insurance Rates are determined by us, but will not exceed the rates shown in the Table of Guaranteed Maximum LTC Rider Cost of Insurance Rates shown in the Policy Specifications. We reserve the right to charge less than the maximum rates on a current basis. Any change to the current rates following the Policy Date will apply to all Riders in the same rider class and duration, and is subject to the guaranteed maximum rates described in the Policy Specifications. We will provide you with at least 60 days' Notice prior to implementing any such change.

Monthly Administrative LTC Rider Fee

The Monthly Administrative LTC Rider Fee and duration are shown in the Policy Specifications, and will not increase.

ELIGIBILITY FOR THE PAYMENT OF BENEFITS

Benefit Conditions

The following Benefit Conditions must be met to qualify for benefits under this Rider:

	
a.

	
For all benefits other than Caregiver Training, the Elimination Period described in the "Elimination Period" provision must be satisfied.

	
b

	
The total benefits paid to date under this Rider must not have reduced the Remaining LTC Specified Amount to zero.

	
c.

	
The Insured must be Chronically Ill as defined in this Rider, due to either being unable to perform (without Substantial Assistance from another individual) at least 2 Activities of Daily Living for a period of at least 90 days as a result of loss of functional capacity, or requiring Substantial Supervision to protect the Insured from threats to health and safety caused by Severe Cognitive Impairment.

	
d.

	
A Licensed Health Care Practitioner must certify to us that the Insured is Chronically Ill and that the Chronic Illness is expected to continue for at least 90 days. We reserve the right to verify that the Insured is, in fact, Chronically Ill and to evaluate the veracity of any certification made by any Licensed Health Care Practitioner as a precondition to the payment of benefits under this Rider.

	
e.

	
A Licensed Health Care Practitioner must develop and prescribe a written Plan of Care in accordance with this Rider's definition of "Plan of Care". The Insured must receive the Covered Services prescribed under the Plan of Care while this Rider is In Force. We will not pay benefits for Covered Services beyond or in excess of those prescribed in the Plan of Care. Covered Services prescribed in the Plan of Care must be necessary and appropriate to the care needs of the Insured, and must be tailored to specifically address those care needs, in order to be covered under this Rider. Some services prescribed in the Plan of Care may not be covered by this Rider.

	 	 
	
f.

	
At least once every 12 months after a Licensed Health Care Practitioner initially certifies that the Insured is Chronically Ill, and for as long as the Insured continues to be Chronically Ill, a Licensed Health Care Practitioner must again:

	
1.

	
certify to us that the Insured is Chronically Ill and that the Insured's Chronic Illness is expected to continue for at least 90 days. Such certification is subject to verification by us; and

	
2.

	
either prescribe a new Plan of Care, or reconfirm the existing Plan of Care.

Once we confirm that the Insured has been certified as Chronically Ill for an expected period of at least 90 days, certification may not be rescinded and additional certifications may not be performed until after the expiration of the 90 day period.

Benefits will be paid under this Rider for as long as:

	
a.

	
the Benefit Conditions of this Rider are met;

	
b.

	
the requirements of the "Claims" section of this Rider are satisfied;

	
c.

	
any claim for reimbursement under this Rider is for costs incurred and actually paid by the Insured for Covered Services which are Qualified Long-Term Care Services prescribed in the Plan of Care and which have not already been reimbursed by us; and

	
d.

	
this Rider remains In Force. This condition does not apply to benefits received under the "Extension of Benefits" provision.

	
If we determine that the Insured no longer meets the requirements of being Chronically Ill, all benefit payments will stop.  Should the Insured later be recertified as being Chronically Ill and meet all conditions for the payment of benefits under this Rider, benefit payments will resume subject to the Remaining LTC Specified Amount.

Elimination Period

The Elimination Period for this Rider is shown in the Policy Specifications. No benefits, other than benefits for Caregiver Training, are payable under this Rider during the Elimination Period. Benefits will not be retroactively paid for Covered Services received during the Elimination Period.

The Elimination Period must be satisfied only once while this Rider is In Force. The Elimination Period is satisfied by calendar days on which the Insured receives Covered Service(s) which would otherwise be eligible for reimbursement under this Rider or by Medicare. A calendar day on which only Caregiver Training is received does not count towards satisfying the Elimination Period. After satisfying the first day of the Elimination Period, any calendar days on which the Insured is hospitalized will count towards satisfying the remaining Elimination Period.

Covered Services are often received on an intermittent basis; therefore, we do not require that the Elimination Period be satisfied by consecutive days. However, the required number of days of the Elimination Period must be accumulated within the timeframe shown in the Policy Specifications.

LONG-TERM CARE BENEFITS

Benefits Available

We will pay an amount not to exceed the Maximum Monthly LTC Benefit Amount no less frequently than once each Policy Month until the Remaining LTC Specified Amount equals zero to reimburse costs incurred and actually paid by the Insured for any Covered Service or combination of Covered Services, subject to the terms and conditions of this Rider.

With the exception of Caregiver Training, any amounts paid in a Policy Month for any Covered Service or combination of Covered Services will reduce that month's available Maximum Monthly LTC Benefit Amount and the Remaining LTC Specified Amount dollar for dollar.  Benefits paid for Caregiver Training do not reduce the Maximum Monthly LTC Benefit Amount or Remaining LTC Specified Amount. Benefits under this Rider while this Rider is In Force will continue as long as the Remaining LTC Specified Amount is greater than zero.

In any Policy Month in which you are eligible to receive benefits under this Rider, the maximum amount available as a benefit under this Rider is equal to the least of:

	
a.

	
the sum of costs incurred and actually paid by the Insured for Covered Services for the Policy Month which have not already been reimbursed by us;

	
b.

	
the amount you request;

	
c.

	
the Maximum Monthly LTC Benefit Amount; or

	
d.

	
the Remaining LTC Specified Amount.

A benefit paid under this Rider will be first used to repay a portion of any outstanding Debt under the Policy, as described in the "Reduction of Benefit Payments Due to Debt" provision.

This Rider will pay benefits for Covered Services received in a state or jurisdiction other than the State of Issue if benefits would have been paid in the State of Issue, irrespective of any differences in facility licensing, certification, or registration requirements (or similar requirements) between the State of Issue and the state or jurisdiction in which care is received.

If a Death Benefit Option other than Death Benefit Option I is in effect, the Death Benefit Option will be changed to Death Benefit Option I prior to the first benefit payment.  After the first benefit payment, no further Death Benefit Option changes are permitted. The LTC Specified Amount will not be affected by this change in Death Benefit Option.

International Benefits

If the Insured is confined to a Nursing Home or Assisted Living Facility outside of the United States or its territories and possessions (collectively, "United States"), the amount payable each Policy Month to reimburse costs incurred and actually paid by the Insured for such Nursing Home Care Services or Assisted Living Facility Services and which have not already been reimbursed by us is limited to the available Maximum Monthly LTC Benefit Amount.  No benefits are payable for Covered Services, other than Nursing Home Care Services or Assisted Living Facility Services, that are received outside of the United States.

Any benefits payable under this "International Benefits" provision are subject to the following terms and conditions:

	
a.

	
Benefits are not payable under this provision if it is prohibited by the laws, rules, regulations or orders of the United States Government and its officials, or sanctions established by the United States Department of the Treasury's Office of Foreign Asset Control, its successor organization, or any authorized agency or department of the United States.

	
b.

	
Benefits for Covered Services received within the United States which are otherwise provided under this Rider are not payable while benefits are being paid for Nursing Home Care Services or Assisted Living Facility Services under this provision.

	
c.

	
We must receive proof In Writing satisfactory to us that the Insured is confined in a Nursing Home or Assisted Living Facility outside of the United States and has met all of the Benefit Conditions of the Rider and this provision.  Such proof and all supporting documentation must be furnished in English at no expense to us.

	
d.

	
Payments will be made in United States currency at the then-current exchange rate as published by Bloomberg L.P. or its successors, or an equivalent service of our choice. We will not cover the cost of currency exchanges or conversions, wire transfers, administrative fees, or other fees, costs, taxes, customs, duties, services or expenses of any kind arising from or relating to the Insured's receipt of care in any country other than the United States, unless such costs would necessarily have been incurred and covered under this Rider if the Insured had received care within the United States instead of a foreign country.

	
e.

	
While benefits are being paid under this provision, we reserve the right to verify as often as we deem necessary and appropriate that all of the Benefit Conditions and other criteria for eligibility for benefits under the Rider and this provision have been satisfied.

COVERED SERVICES

If the Insured has met all of the Benefit Conditions listed in the "Eligibility for the Payment of Benefits" section of this Rider, the following Covered Services may be available for reimbursement to the extent that such services are prescribed in the Insured's Plan of Care and are Qualified Long-Term Care Services as defined in this Rider, subject to the terms and conditions of this Rider and the Policy to which it is attached.

Adult Day Care Services

Care provided by a state licensed or certified program, for a specified number of individuals, providing social or health-related services, or both, during the day in a community group setting for the purpose of supporting frail, impaired elderly or other disabled adults who can benefit from care in a group setting outside the Home.

Assisted Living Facility Services

Qualified Long-Term Care Services, including room and board, provided to the Insured while he or she is confined to an Assisted Living Facility.

Bed Reservation

The expense incurred by the Insured to reserve the Insured's bed in a Nursing Home while he or she is temporarily absent during a stay in a Nursing Home and is charged to reserve accommodations.  The temporary absence can be for any reason with the exception of discharge.  This includes, but is not limited to, a hospital stay or spending holidays or other time with family.

This benefit is limited to no more than a total of 30 days each calendar year.  The amount payable for Bed Reservation cannot exceed 1/30th of the Maximum Monthly LTC Benefit Amount for each day that the bed is reserved.

Care Planning Services

Services provided for the Insured by a Care Planning Agency under the direction of a Licensed Health Care Practitioner. Care Planning Services may include:

	
a.

	
evaluation of the circumstances in the Insured's Home which relate to his or her ability to live independently;

	
b.

	
evaluation of the Insured's Chronic Illness and the level of assistance needed for each Activity of Daily Living;

	
c.

	
preparation of a Plan of Care for the Insured in coordination with the Licensed Health Care Practitioner;

	
d.

	
coordination and monitoring of the Covered Services provided to the Insured; and

	
e.

	
monitoring any changes in the Insured's functional and/or cognitive abilities, and updating the Plan of Care accordingly.

Caregiver Training

Training given to the Insured's unpaid caregiver to provide him or her with the knowledge and skills necessary to care for the Chronically Ill Insured.  Such training must be provided by a properly accredited medical or instructional institution or by an individual, such as a licensed nurse, who is qualified to provide such training, and must be reasonable in scope, duration and cost, given the Chronically Ill Insured's health condition and expected care needs.

Caregivers who qualify to receive Caregiver Training under this provision must not be eligible or paid care providers under other Covered Services provisions of this Rider.

The Elimination Period described in the "Elimination Period" provision does not apply to Caregiver Training. The total amount payable for Caregiver Training is limited to no more than the Caregiver Training Benefit Limit shown in the Policy Specifications.

Caregiver Training may include:

	
a.

	
the proper use and care of therapeutic devices or disposable medical aids, including, but not limited to, catheters, colostomy bags, or suctioning tubes;

	
b.

	
the performance of care-giving procedures such as changing wound dressings or repositioning the Insured in bed; or

	
c.

	
other therapeutic or care-giving procedures needed to enable the Chronically Ill Insured to continue to reside in his or her Home.

Home Health Care Services

Necessary and appropriate Home Health Care services which are prescribed in the Insured's Plan of Care and which are provided by a Home Health Care Agency to the Chronically Ill Insured at the Insured's Home in exchange for monetary compensation, including part-time and intermittent skilled nursing services, Substantial Assistance with the Activities of Daily Living, and Substantial Supervision required due to a Severe Cognitive Impairment.

Hospice Services

Services given to provide palliative care to alleviate the physical, emotional, social, and spiritual discomforts of the Insured who is in the terminal phases of life.  Hospice Services must be provided by an organization that meets Federal certification requirements as a hospice, or is licensed, certified or registered to provide such care according to the laws of the state or jurisdiction in which it operates.

Nursing Home Care Services

Qualified Long-Term Care Services, including room and board, provided to the Insured while he or she is confined to a Nursing Home.

Respite Care Services

Short-term care services provided for the Insured in an institution, in the Insured's Home, or in a community-based program to provide temporary relief for the Insured's unpaid caregiver while the caregiver is unavailable to provide care (such as while the Insured's caregiver is on vacation).

This benefit is limited to no more than a total of 21 days each calendar year.  The amount payable for each day of Respite Care Services cannot exceed 1/30th of the Maximum Monthly LTC Benefit Amount.

Alternative Care Services

Qualified Long-Term Care Services that are not covered under any of the above provisions, but which are prescribed in the Insured's Plan of Care and which the Insured, the Insured's Licensed Health Care Practitioner and we mutually agree would be the most appropriate and cost-effective way to meet the Insured's long-term care needs.  Any such agreement must be In Writing in order to take effect, and must be signed by us and the Insured as a precondition to the payment of benefits under this provision. Any such Written agreement will be implemented for the specific and defined period of time that is stated in the Written agreement, and will be subject to periodic reconsideration and renewal by us, at our discretion. Alternative Care Services, and any Written agreement describing the Alternative Care Services that we agree to cover, are subject to all terms and conditions of this Rider.

We reserve the right to decline to authorize benefits and services under this "Alternative Care Services" provision.  Our denial of Alternative Care Services under this provision does not affect your right to seek benefits for other Covered Services under this Rider.  Alternative Care Services must be provided as an alternative to services otherwise covered by this Rider, meaning you cannot receive benefits under any other provision of this Rider while the Insured is receiving Alternative Care Services under this provision.

Non-Continual Services

Services which are received by the Insured on a non-recurring basis (such as expenses for durable medical equipment or for modifications to the Insured's Home to accommodate a wheelchair or other device), which are prescribed in the Insured's Plan of Care, and which the Insured, the Insured's Licensed Health Care Practitioner and we mutually agree would be the most appropriate and cost-effective way to meet the Insured's long-term care needs. Any such agreement must be In Writing in order to take effect, and must be signed by us and the Insured as a precondition to the payment of benefits under this provision. Non-Continual Services, and any Written agreement describing the Non-Continual Services that we agree to cover, are subject to all terms and conditions of this Rider.

We reserve the right to decline to authorize benefits and services under this "Non-Continual Services" provision.  Our denial of Non-Continual Services under this provision does not affect your right to seek benefits for other Covered Services under this Rider.

The total amount payable for Non-Continual Services in any calendar year cannot exceed the Maximum Monthly LTC Benefit Amount.

GENERAL EXCLUSIONS AND LIMITATIONS

This Rider will not provide benefits for:

	
a.

	
treatment or care due to alcoholism or drug addiction;

	
b.

	
treatment arising out of an attempt (whether sane, mentally or psychologically impaired or insane) at suicide or an intentionally self-inflicted injury;

	
c.

	
treatment provided in a Veteran's Administration or government facility, unless the Insured or the Insured's estate is charged for the confinement or services or unless otherwise required by law;

	
d.

	
loss to the extent that benefits are payable under any of the following:

1. Medicare (including that which would have been payable but for the application of a deductible or a coinsurance amount). This means that this Rider does not pay for the Insured's Medicare deductibles or coinsurance;

2. other governmental programs (except Medicaid);

3. state or federal workers' compensation laws;

4. employer's liability laws;

5. occupational disease laws; and

6. any motor vehicle no-fault laws;

	
e.

	
 

confinement or care received outside the United States or its territories and possessions, other than benefits for Nursing Home Care Services and Assisted Living Facility Services as described in the "International Benefits" provision;

	
f.

	
 

services provided by a facility or an agency that does not meet the Rider definition for such facility or agency as described in the "Covered Services" section of this Rider, except as provided in the "Alternative Care Services" provision above;

	
g.

	
services provided by an Immediate Family Member, unless:

1. the Immediate Family Member is a regular employee of the service or care provider furnishing the service or care;

2. the service or care provider receives the payment for the service or care; and

3. the Immediate Family Member receives no compensation other than the normal compensation for an employee in his or her job category; and

	
h.

	
services for which no charge is or would normally be made in the absence of insurance.

IMPACT OF POLICY TRANSACTIONS ON RIDER BENEFITS

Increase to Policy Specified Amount

An increase to the Policy's Specified Amount after the Policy Date will not increase the LTC Specified Amount.

You cannot request to increase the LTC Specified Amount.

Decrease to Policy Specified Amount

A request to decrease the Policy's Specified Amount will reduce the Remaining LTC Specified Amount only if the Policy's Specified Amount following the decrease is less than the Remaining LTC Specified Amount. In this situation, the Remaining LTC Specified Amount will be reduced to equal the Policy's Specified Amount following the decrease.

You cannot request to decrease the LTC Specified Amount on its own.

Partial Surrender (Withdrawal)

A partial surrender under the Policy will reduce the Remaining LTC Specified Amount dollar for dollar.

Addition of Riders or Increase to Benefits of Existing Riders

Once a benefit payment has been made under this Rider, you may not add any riders or increase the benefits under any rider already attached to the Policy as long as this Rider remains In Force.

INTERACTION OF RIDER WITH OTHER RIDERS AND ENDORSEMENTS

If any of the following riders or endorsements are attached to your Policy, this Rider may have an impact on any benefits provided under such rider or endorsement:

Accelerated Benefits Rider

YOU CANNOT RECEIVE BENEFITS UNDER MORE THAN ONE ACCELERATION OF BENEFITS RIDER ATTACHED TO THIS POLICY, EVEN IF MULTIPLE ACCELERATION OF BENEFITS RIDERS ARE ATTACHED. Therefore, receipt of a benefit under this Rider will be considered a request to terminate any other Accelerated Benefits Rider attached to this Policy. Likewise, receipt of a benefit under any Accelerated Benefits Rider attached to this Policy will be considered a request to terminate this Rider.

Children's Term Insurance Rider

If this Rider and the Policy terminate as a result of item g. of the "Termination of Rider" provision, the Children's Term Insurance Rider's benefit will become paid-up insurance as described in that rider's "Nonforfeiture Values" provision.

Enhanced Surrender Value Rider

Upon receipt of a benefit under this Rider, the Enhanced Surrender Value Rider will terminate.

Exec Enhanced Surrender Value Rider

Upon receipt of a benefit under this Rider, the Exec Enhanced Surrender Value Rider will terminate.

Extended No-Lapse Minimum Premium Rider

Any decrease in the Specified Amount due to acceleration of the death benefit will be treated as a decrease in Specified Amount under the "No-Lapse Benefit" provision of the rider.

Overloan Protection Rider

While this Rider is In Force, election of the Overloan Protection Feature described in the Overloan Protection Rider will be considered a request to terminate this Rider. If this Rider terminates other than in accordance with items b., d. or h. of this Rider's "Termination of Rider" provision, the Overloan Protection Feature will be available, subject to the terms and conditions of the Overloan Protection Rider.

Waiver of Monthly Deduction Rider; Disability Waiver of Monthly Deduction Benefit Rider

If the Insured is on Total Disability as provided and defined under any waiver of monthly deduction rider attached to the Policy, we will continue to waive the Monthly Deductions falling due under the Policy once payment of benefits begin under this Rider, subject to the Insured's continued Total Disability. If not already on Total Disability, the Insured may qualify for benefits under any waiver of monthly deduction rider after payment of benefits have already begun under this Rider.

IMPACT OF DEBT ON BENEFIT PAYMENTS

Reduction of Benefit Payments Due to Debt

A benefit paid under this Rider will be first used to repay a portion of any outstanding Debt under the Policy. The portion to be repaid will equal the sum of (1), divided by (2), then multiplied by (3), where:

	
(1)

	
is the Debt;

	
(2)

	
is the Policy's Specified Amount immediately prior to the benefit payment; and

	
(3)

	
is the amount of the benefit payment prior to the reduction to repay Debt.

If there is value in the Loan Account (Collateral Account), the Loan Account (Collateral Account) will be reduced by the amount of the benefit payment used to repay Debt.

IMPACT OF BENEFIT PAYMENTS ON POLICY

Policy and Rider Values

Benefit payments under this Rider will reduce certain Policy and rider values by multiplying such values by the Reduction Ratio described in the "Reduction Ratio" provision below. The following values will be reduced:

	
1.

	
Specified Amount;

	
2.

	
If this Rider is attached to a variable life insurance policy that offers indexed accounts, the Reduction Ratio will be applied to the Accumulation Value in the following order:

	
i.

	
The Fixed Account Value and/or Sub-Account(s) will be reduced in the same proportion as the balances are invested in such account(s);

	
ii.

	
If insufficient value exists in the Fixed Account and Sub-Accounts to cover the reduction in Accumulation Value, the Holding Account Value, if any, will be reduced;

	
iii.

	
If insufficient value exists in the Holding Account to cover the reduction in Accumulation Value, the most recently opened Segment in the Indexed Account, if any, will be reduced and will continue in successive order on a last in – first out basis.  If multiple Segments were opened on the same Indexed Account Allocation Date, a prorated portion will be taken from each Segment.

	
3.

	
If this Rider is attached to a variable life insurance policy that does not offer indexed accounts, the Reduction Ratio will be applied to the Accumulation Value in the following order:

	
i.

	
The Fixed Account Value and/or Sub-Account(s) will be reduced in the same proportion as the balances are invested in such account(s).

	
4.

	
If this Rider is not attached to a variable life insurance policy, the Policy Value will be reduced;

	
a.

	
If your Policy includes any of the following accounts, the account values will be reduced in the following order:

	
i.

	
The Fixed Account Value will be reduced;

	
ii.

	
If insufficient value exists in the Fixed Account to cover the reduction in Policy Value, the Holding Account Value will be reduced;

	
iii.

	
If insufficient value exists in the Holding Account to cover the reduction in Policy Value, the Dollar Cost Averaging Account Value, if any, will be reduced;

	
iv.

	
If insufficient value exists in the Dollar Cost Averaging Account to cover the reduction in Policy Value, the most recently opened Segment in the Indexed Account(s) will be reduced and will continue in successive order on a last in – first out basis.  If multiple Segments were opened on the same Allocation Date, a prorated portion will be taken from each Segment; and

	
v.

	
If insufficient value exists in the Indexed Account(s) Segment(s), the Collateral Account Value, if any, will be reduced

Debt will be reduced as described in the "Reduction in Benefit Payments Due to Debt" provision.

Additionally, if a "No-Lapse" provision is included in the Policy (not by Rider), each accelerated death benefit payment will reduce the No-Lapse Premium required to satisfy the terms of the Policy's provision.

Reduction Ratio

The Reduction Ratio used in the "Policy and Rider Values" provision is equal to (1) minus (2), then divided by (1), where:

	
(1)

	
is the Policy's Specified Amount immediately prior to the benefit payment; and

	
(2)

	
is the amount of the benefit payment.

New Loans and Partial Surrenders (Withdrawals)

In any Policy Month in which a benefit under this Rider is paid, we will not grant a new loan or allow a partial surrender against the Policy.

Availability of Policy Death Benefit Proceeds

If the Insured dies while receiving benefits under this Rider, we reserve the right to withhold payment of any Death Benefit Proceeds that would otherwise be payable until we have verified that we have received all remaining claims for Covered Services. Any Death Benefit Proceeds paid will include interest as provided under the Policy.

LAPSE AND LAPSE PROTECTION

Waiver of Rider Charges and Fees

The Monthly LTC Rider Charge and Monthly Administrative LTC Rider Fee will not be deducted on the Monthly Anniversary Day immediately following the date a benefit under this Rider is paid. Monthly Deductions for the Policy and any other riders will continue, subject to the "Policy and Rider Lapse Protection" provision below.

Policy and Rider Lapse Protection

If the Policy would otherwise enter the grace period on any Monthly Anniversary Day immediately following the date a benefit under this Rider is paid, the entire Monthly Deduction described in the Policy will be waived, and the Policy and this Rider will not Lapse.

The Death Benefit Proceeds available while the Policy is kept In Force under this provision will be limited to no more than the Remaining LTC Specified Amount minus Debt.

Once benefits under this Rider are no longer being paid, you may have to pay additional premium and/or repay outstanding Debt to prevent your Policy from Lapsing.

Grace Period

The Policy and this Rider will enter the grace period as described in the Policy's "Grace Period" provision, subject to any no-lapse guarantee provision under the Policy and this Rider's "Waiver of Rider Charges and Fees" and "Policy and Rider Lapse Protection" provisions.

If the Policy and Rider enter the grace period, we will send the Notice required by the Policy's "Grace Period" provision to you and to your designee, if any, at least 30 days before the effective date of the Lapse or termination by first class United States mail, postage prepaid, at the address provided by you for the purpose of receiving Notice of Lapse or termination.  Notice will not be given until 30 days after a premium is due and unpaid.  Notice will be deemed to have been given as of 5 days after the date of mailing. The Policy and this Rider will remain In Force to the end of the grace period.

You have the right to change your designee at any time by providing us with a Request for such change. We will notify you no less often than once every two Policy Years of your right to change this designation.

Extension of Benefits

If the Policy Lapses, terminating this Rider while the Insured is confined to a Nursing Home or Assisted Living Facility and receiving benefits under this Rider for Nursing Home Care Services or Assisted Living Facility Services, we will continue to reimburse costs incurred for such services subject to the terms and conditions of this Rider if the confinement began while this Rider was In Force and continues without interruption after the Policy and Rider terminate.

Benefits under this provision will continue to be paid subject to the terms and conditions of this Rider, including the requirements of the "Eligibility for the Payment of Benefits" section, until the earliest of:

	
a.

	
the date the Insured is discharged from the Nursing Home or Assisted Living Facility, as applicable;

	
b.

	
the date the Remaining LTC Specified Amount has been reduced to zero; or

	
c.

	
the date the Insured dies.

No Death Benefit Proceeds are payable under the Policy if costs for Covered Services have been reimbursed under this provision.

Reinstatement of Rider

If the Policy to which this Rider is attached is reinstated within 6 months after the date of Lapse, this Rider may also be reinstated according to the terms and conditions of the Policy's "Reinstatement" provision if this Rider was In Force at the time of Lapse. The reinstatement of the Policy and this Rider will be subject to satisfactory evidence of insurability.  After reinstatement, this Rider will only provide benefits for Covered Services which begin on or after the date of reinstatement, subject to the terms and conditions of this Rider.

If, however, the Insured was Chronically Ill when this Rider Lapsed, you may Request to reinstate the Policy and this Rider without evidence of insurability within 6 months after the date of Lapse, regardless of the Attained Age of the Insured on the date of Lapse, by submitting a Written statement from a Licensed Health Care Practitioner certifying that the Insured was Chronically Ill on the date of Lapse.  The Specified Amount of the reinstated Policy will be limited to an amount equal to the Remaining LTC Specified Amount on the date of Lapse. After reinstatement, this Rider will provide benefits for Covered Services received at any time since the Policy Date, including Covered Services received during the period of Lapse, subject to the terms and conditions of this Rider.

This Rider will not be reinstated if the Policy Lapses and is reinstated more than 6 months after the date of Lapse.

CLAIMS

Assistance with Making a Claim

Assistance may be provided by a Long-Term Care Claims Specialist who is available to answer questions about Rider benefits and to explain how to file a claim.  You or the Insured's Licensed Health Care Practitioner, if the Insured has authorized such Licensed Health Care Practitioner to speak with us, may contact the Long-Term Care Claims Specialist at any time to:

	
a.

	
discuss which types of care may be covered under this Rider;

	
b.

	
determine in advance if a particular provider of a Covered Service, such as a Nursing Home or a Home Health Care Agency, meets Rider conditions; or

	
c.

	
discuss the process for filing a claim, and obtain the necessary forms.

Your Long-Term Care Claims Specialist's toll-free number is shown in the Policy Specifications.

The claims process involves four steps:

	
1.

	
Start the Process: You must provide us with Notice of your intent to file a claim. This notification can be either In Writing or by phone.

	
2.

	
Claim Forms and Other Information: Once you have notified us of your intent to file a claim, we will provide the forms you need to complete to file the claim. You must return the completed, signed forms to us to the address provided on the forms.

	
3.

	
Evaluation of Claim: We will review the claim forms and other proofs of loss that we have requested and you have provided to verify that all conditions under the Rider have been met.

	
4.

	
Payment of Claims: If we determine that the claim is eligible for payment, including satisfaction of the Elimination Period, we will pay the claim directly to you, or if requested, directly to the service provider. Claim payments under this Rider will be made no less frequently than once per Policy Month.

Start the Process

To start the claim submission process, you or your representative can contact us either by phone at the number shown on the cover of your Policy, or In Writing at the Service Office address shown on the cover of your Policy, to provide us with the following:

	


	
your name;

	


	
the Insured's name;

	


	
your Policy number; and

	


	
the address to which our claim form packet should be sent.

You should provide us with Notice of an anticipated claim as soon as possible. We must receive Notice by phone or In Writing within 60 days after the date the covered loss starts, or, if later, as soon as reasonably possible.  Claims submitted more than 60 days after the date on which a covered loss starts may be subject to additional review and may take longer to process and pay, or may be denied, if your delay is unreasonable or prejudicial to our claims review or other processes. If you are unable to give us Notice of your own claim, your legal representative may act on your behalf, provided that we have on file the Power of Attorney or authorization In Writing to release information to such legal representative. You will not be deemed to have opened a claim with us until we receive your completed claim forms.

Claim Forms and Other Information

Once you start the claim submission process, we will provide you with a claim form packet.  The packet, and all other forms, information and submissions we require in connection with the claims process, may be sought by us in a paper, electronic or other format, at our reasonable discretion. You must return the claim forms and other information we request completed in their entirety. This will open your claim and will allow us to begin the process of determining the Insured's eligibility for the payment of benefits. Please read the forms carefully.  Answer all questions and send all required information to the address provided on the forms.

If the claim form packet has not been received by you within 15 days after you have provided us with Notice by phone or In Writing of your desire to open a new claim, proof of loss can be filed without the claim forms by providing us details of the claim In Writing, including the occurrence, the character and the extent of the loss for which claim is made.  Details should include, but may not be limited to, the list of Covered Services for which benefits are being claimed; the names and addresses of the Insured's Licensed Health Care Practitioner(s); the facility or other location where care was provided to the Insured; the Insured's diagnosis; and the dates, periods of time on each date, and services provided on each date for which benefits are being claimed.  This notification must be sent to us within the time period stated in the "Proof of Loss" provision.

Evaluation of Claim

After our receipt of all information from you, we will verify that the Insured has met all of the Benefit Conditions listed in the "Eligibility for the Payment of Benefits" section of this Rider and that the Covered Services for which you are seeking reimbursement are necessary and appropriate Qualified Long-Term Care Services that are prescribed in the Plan of Care, and that the Insured meets all other terms and conditions for the payment of benefits under this Rider.

At least once every 12 months from the date on which your claim is opened, but no more frequently than once every 90 days, we reserve the right to verify that the Insured and the Insured's care providers meet all eligibility requirements of this Rider. Our review and verification may include requests for, and consideration of, all information concerning your claim, including, but not limited to, the Insured's medical records and in-person physical, psychological or other examination or assessment by a Licensed Health Care Practitioner of our choice.  We may also review your claim for other purposes attendant to the claims process, such as avoiding fraud, waste and abuse. Such review, examination or assessment would be performed at our expense.

If we discover any fraudulent act or acts in connection with a claim under this Rider, we shall have the right to recover any payments and/or to decline to continue paying benefits that result from such fraudulent act or acts.

At least once every 12 months following the date on which your claim is opened, the Insured must be reassessed by his or her Licensed Health Care Practitioner, who must certify to us that the Insured remains Chronically Ill.

Proof of Loss

We must receive Notice of proof of loss within 30 days following the end of each Policy Month in which benefits are sought.  Proof of loss includes all information reasonably determined by us to be necessary and appropriate to our evaluation of any aspect of your claim. Proof of loss may also include information requested by us for the purpose of avoiding fraud, waste and abuse. We will not reduce or deny a claim for being late if proof of loss is filed as soon as reasonably possible, provided you exercise diligence and good faith in connection with the marshalling and prompt submission of the information we require. You and any care providers utilized by the Insured shall have a duty to cooperate with us in the submission of proof of loss and through the claims process generally. It shall be your duty to ensure the cooperation of the Insured's care provider(s), which shall be a precondition to the payment of benefits under this Rider.  Unless you are deemed to be legally incompetent, the required proof of loss must always be given to us no later than 1 year after the date of the loss. We reserve the right to seek proof of loss in the format we reasonably deem to be appropriate, including, but not limited to, completion of paper forms or submission of information via electronic mail, via a website, via mobile device application, or via such other format, platform or tool as we deem appropriate.

We will deem your proof of loss to have been submitted to us once in each Policy Month in which you claim for benefits under this Rider, even if you provide us with proof of loss more often than monthly. Our reciept of your monthly proof of loss submission will trigger our monthly obligation to pay benefits under the "Payment of Claims" provision below, subject to all terms and conditions of this Rider.

Payment of Claims

If we determine that a claim is eligible for payment, including satisfaction of the Elimination Period, if applicable, we will pay the claim directly to you no less frequently than once each Policy Month. Upon your Request, we may pay benefits directly to the Insured's care provider.  This request should be submitted no later than the time your proof of loss is submitted.

For any Policy Month in which benefits under this Rider are being paid, we will send you a monthly statement showing the amount of benefits paid, the change, if any, to the Policy's Death Benefit and other Policy values caused by the benefit payment, and any Remaining LTC Specified Amount.

Claim Review and Appeal

After our receipt of all information we require to evaluate your claim, we will inform you In Writing if your claim or any part of your claim is denied and provide you with an explanation In Writing of the reasons for the denial as soon as reasonably possible. If you do not agree with our claim decision, you have the right to appeal our decision.  If we notify you that your claim or any part of your claim has been denied, we will also provide you with information regarding the process for internal and, if applicable in the State of Issue, external review of benefit determinations and resolving benefit disputes.

Any Request to appeal should be made In Writing and must include any and all information you believe necessary to our consideration of the appeal. Your Request to appeal should be sent to the Service Office address shown on the cover of your Policy. If you are unable to participate in this appeal process, your legal representative may act on your behalf.

Legal Actions

You cannot sue or initiate any legal action or proceeding against us until 60 days following the date on which you submitted complete proof of loss to us In Writing as required by this Rider, or any longer period as may be required by the applicable laws in the State of Issue.  You cannot sue or initiate any legal action or proceeding against us after the greater of:

	
a.

	
the shortest applicable statute of limitation or other limit of time permitted by the laws of the State of Issue; or

	
b.

	
1 year from the date on which complete proof of loss is submitted to us In Writing.

GENERAL RIDER INFORMATION

Termination of Rider

This Rider and all rights under it will terminate upon the earliest of the following:

	
a.

	
the date we receive your Request to return this Rider under the "30 Day Right to Examine This Rider" provision;

	
b.

	
if this Rider is attached to a variable life insurance policy, the Valuation Day on or next following the date we receive your Request to terminate the Policy;

	
c.

	
if this Rider is not attached to a variable life insurance policy, the Monthly Anniversary Day on or next following the date we receive your Request to terminate the Policy;

	
d.

	
the Monthly Anniversary Day on or next following the date we receive your Election of the Overloan Protection Feature under the Overloan Protection Rider, if attached;

	
e.

	
the Monthly Anniversary Day on or next following the date you receive a benefit under any other Acceleration of Benefits Rider attached to this Policy;

	
f.

	
the date the Remaining LTC Specified Amount is reduced to zero;

	
g.

	
the date the Policy's Specified Amount and the Remaining LTC Specified Amount are both reduced to zero, which will cause the termination of both this Rider and the Policy; or

	
h.

	
the date the Insured dies, which will cause the Death Benefit Proceeds to become payable under the Policy.

Charges and fees deducted for this Rider on the Monthly Anniversary Day immediately preceding the date the Policy and this Rider terminate in accordance with items b. or h. above will be returned as a credit to the Policy.

Misstatement of Age or Sex

If the Insured's date of birth or sex has been misstated, Rider benefits will be those that the Monthly LTC Rider Charges and Monthly Administrative LTC Rider Fees paid would have purchased at the correct Issue Age and sex, subject to any LTC Specified Amount limitations.

Incontestability

A misstatement by you or by the Insured in any application for the Policy or this Rider may be used to void and rescind this Rider.  For a Rider that has been In Force for less than 6 months, we may take this action only if the misstatement was material to the issuance of this Rider.  For a Rider that has been In Force for at least 6 months but less than 24 months, we may take this action only if the misstatement was material to both the issuance of this Rider and the claim for which benefits are being sought.  After this Rider has been In Force for 24 months, we can take this action only if we can show that the Insured knowingly and intentionally misrepresented relevant facts relating to his or her health.  No benefits will be paid under this Rider if it is voided.

Suicide

If at any time this Rider was attached to the Policy, and the Insured, while sane or insane, commits suicide within 2 years from the Date of Issue or the date the Policy and this Rider are reinstated, the Death Benefit Proceeds payable will be the amount described in the Policy's "Suicide" provision, less the amount of any payments made for Covered Services under this Rider.

Pre-existing Conditions Not Excluded

We will not deny benefits for Pre-Existing Conditions. This provision does not preclude us from exercising other remedies available at law, in equity or in contract because of misrepresentations.

Conformity With State Statutes

If on the Policy Date any provision of this Rider is in conflict with the statutes of the State of Issue, such provision is automatically amended to meet the minimum requirements of such statutes.

Conformity With Federal Statutes

If any provision of this Rider is found not be in compliance with Federal statutes that determine if a policy is a qualified long-term care insurance policy under Federal law, we will amend the Rider if required to do so to meet the minimum requirements necessary to comply with the Federal laws, rules, and regulations.  We will provide you with a copy of such amendment. You may reject any such amendment of this Rider by providing us with Notice that you reject it; however, rejection of the changes contained in the amendment may adversely affect the tax qualified status of this Rider and any benefits received under it. You should consult a qualified tax advisor before deciding to reject such an amendment.

Right to Recovery

If we make benefit payments in a total amount which is, at any time, in excess of the benefits properly payable under this Rider, we shall have the right to recover such excess payments from:

a.            any person or persons to, for, or with respect to whom, such payments were made; and

b.            any entity or organization which should have made such payments.

The Lincoln National Life Insurance Company

President

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