|
Single
Life
|
Joint
Life
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
Single Life PAI Rate
|
Joint Life PAI Rate
|
||
Age
|
PAI Rate
|
Age
|
PAI Rate
|
59 – 64
|
4.25%
|
59 – 64
|
4.10%
|
65 – 69
|
6.00%
|
65 – 69
|
5.50%
|
70 – 74
|
6.15%
|
70 – 74
|
5.60%
|
75+
|
6.30%
|
75+
|
5.85%
|
Single Life PAI Rate
|
Joint Life PAI Rate
|
||
Age
|
PAI Rate
|
Age
|
PAI Rate
|
59 – 64
|
4.75%
|
59 – 64
|
4.35%
|
65 – 69
|
6.10%
|
65 – 69
|
5.60%
|
70 – 74
|
6.30%
|
70 – 74
|
5.85%
|
75+
|
6.55%
|
75+
|
6.10%
|
TABLE A
|
TABLE B
|
||||
Age
|
Single Life
Option
|
Joint Life
Option
|
Age
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.70%
|
5.20%
|
59 – 64
|
3.00%
|
3.00%
|
65 – 69
|
7.65%
|
7.10%
|
65 – 69
|
4.50%
|
4.25%
|
70 – 74
|
7.90%
|
7.15%
|
70 – 74
|
4.50%
|
4.25%
|
75+
|
8.00%
|
7.40%
|
75+
|
4.50%
|
4.25%
|
TABLE A
|
TABLE B
|
||||
Age
|
Single Life
Option
|
Joint Life
Option
|
Age
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.65%
|
5.25%
|
59 – 64
|
3.50%
|
3.25%
|
65 – 69
|
7.50%
|
7.10%
|
65 – 69
|
5.00%
|
4.50%
|
70 – 74
|
7.75%
|
7.15%
|
70 – 74
|
5.00%
|
4.50%
|
75+
|
7.85%
|
7.50%
|
75+
|
5.00%
|
4.50%
|
TABLE A
|
TABLE B
|
||||
Age
|
Single Life
Option
|
Joint Life
Option
|
Age
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.70%
|
5.20%
|
59 – 64
|
3.00%
|
3.00%
|
65 – 69
|
8.30%
|
7.90%
|
65 – 69
|
3.50%
|
3.25%
|
70 – 74
|
8.55%
|
8.10%
|
70 – 74
|
3.50%
|
3.25%
|
75+
|
8.80%
|
8.30%
|
75+
|
3.50%
|
3.25%
|
TABLE A
|
TABLE B
|
||||
Age
|
Single Life
Option
|
Joint Life
Option
|
Age
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.65%
|
5.25%
|
59 – 64
|
3.50%
|
3.25%
|
65 – 69
|
8.50%
|
8.10%
|
65 – 69
|
3.50%
|
3.25%
|
70 – 74
|
8.75%
|
8.30%
|
70 – 74
|
3.50%
|
3.25%
|
75+
|
9.00%
|
8.50%
|
75+
|
3.50%
|
3.25%
|
i4LIFE® Advantage Select Guaranteed Income Benefit for Contractowners who transition from
Lincoln
ProtectedPay Select Core®
|
Single
Life
|
Joint
Life
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) for Contractowners who transition
from Lin-
coln ProtectedPay Secure Core®
|
Single
Life
|
Joint
Life
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
|
|
|
Single Life GIB %
|
Joint Life GIB %
|
||
Age
|
GIB %
|
Age
|
GIB %
|
Under 40
|
2.15%
|
Under 40
|
2.15%
|
40 – 54
|
2.50%
|
40 – 54
|
2.25%
|
55 – 58
|
2.50%
|
55 – 58
|
2.25%
|
59 – 64
|
3.25%
|
59 – 64
|
2.75%
|
65 – 69
|
4.25%
|
65 – 69
|
3.25%
|
70 – 74
|
4.50%
|
70 – 74
|
3.75%
|
75 – 79
|
4.75%
|
75 – 79
|
4.00%
|
80+
|
4.75%
|
80+
|
4.25%
|
Single Life GIB %
|
Joint Life GIB %
|
||
Age
|
GIB %
|
Age
|
GIB %
|
Under 40
|
2.25%
|
Under 40
|
2.25%
|
40 – 54
|
2.75%
|
40 – 54
|
2.50%
|
55 – 58
|
3.00%
|
55 – 58
|
2.75%
|
59 – 64
|
3.75%
|
59 – 64
|
3.25%
|
65 – 69
|
4.75%
|
65 – 69
|
4.00%
|
70 – 74
|
5.25%
|
70 – 74
|
4.25%
|
75 – 79
|
5.50%
|
75 – 79
|
4.50%
|
80+
|
5.50%
|
80+
|
4.75%
|
|
Single
Life
|
Joint
Life
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
Single Life PAI Rate
|
Joint Life PAI Rate
|
||
Age
|
PAI Rate
|
Age
|
PAI Rate
|
55 – 58
|
2.50%
|
55 – 58
|
2.25%
|
59 – 64
|
4.35%
|
59 – 64
|
3.85%
|
65 – 69
|
5.50%
|
65 – 69
|
4.75%
|
70 – 74
|
5.50%
|
70 – 74
|
4.85%
|
75+
|
5.65%
|
75+
|
5.15%
|
i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) for Contractowners who transition
from Lin-
coln Lifetime IncomeSM Advantage 2.0 (Managed Risk)
|
Single
Life
|
Joint
Life
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
Single Life GIB %
|
Joint Life GIB %
|
||
Age
|
GIB %
|
Age
|
GIB %
|
Under 40
|
2.00%
|
Under 40
|
2.00%
|
40 – 54
|
2.50%
|
40 – 54
|
2.20%
|
55 – 58
|
2.50%
|
55 – 58
|
2.20%
|
Single Life GIB %
|
Joint Life GIB %
|
||
Age
|
GIB %
|
Age
|
GIB %
|
59 – 64
|
3.25%
|
59 – 64
|
2.75%
|
65 – 69
|
4.25%
|
65 – 69
|
3.50%
|
70 – 74
|
4.75%
|
70 – 74
|
3.75%
|
75 – 79
|
5.00%
|
75 – 79
|
4.00%
|
80+
|
5.00%
|
80+
|
4.25%
|
|
Single
Life
|
Joint
Life
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
Single Life PAI Rate
|
Joint Life PAI Rate
|
||
Age
|
PAI Rate
|
Age
|
PAI Rate
|
55 – 58
|
2.25%
|
55 – 58
|
2.00%
|
59 – 64
|
3.75%
|
59 – 64
|
3.25%
|
65 – 69
|
5.00%
|
65 – 69
|
4.35%
|
70 – 74
|
5.10%
|
70 – 74
|
4.45%
|
75+
|
5.25%
|
75+
|
4.75%
|
i4LIFE® Advantage Select Guaranteed Income Benefit for Contractowners who transition from
Lincoln Market
Select® Advantage
|
Single
Life
|
Joint
Life
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
Single Life GIB %
|
Joint Life GIB %
|
||
Age
|
GIB %
|
Age
|
GIB %
|
Under 40
|
2.00%
|
Under 40
|
2.00%
|
40-54
|
2.25%
|
40-54
|
2.00%
|
55-58
|
2.25%
|
55-58
|
2.00%
|
Single Life GIB %
|
Joint Life GIB %
|
||
Age
|
GIB %
|
Age
|
GIB %
|
59-64
|
3.00%
|
59-64
|
2.50%
|
65-69
|
3.75%
|
65-69
|
2.75%
|
70-74
|
4.00%
|
70-74
|
3.25%
|
75-79
|
4.25%
|
75-79
|
3.50%
|
80+
|
4.25%
|
80+
|
3.75%
|
|
Single
Life
|
Joint
Life
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
TABLE A
|
TABLE B
|
||||
Age
|
Single Life
Option
|
Joint Life
Option
|
Age
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.00%
|
4.50%
|
59 – 64
|
3.00%
|
2.75%
|
65 – 69
|
7.50%
|
7.00%
|
65 – 69
|
3.00%
|
2.75%
|
70 – 74
|
8.00%
|
7.50%
|
70 – 74
|
3.00%
|
2.75%
|
75 – 79
|
8.00%
|
7.50%
|
75 – 79
|
3.00%
|
2.75%
|
80 +
|
8.00%
|
7.50%
|
80 +
|
3.00%
|
2.75%
|
OPTION 1
|
||||
TABLE A
|
TABLE B
|
|||
Age
|
Single Life
Option
|
Joint Life
Option
|
Age
|
Single Life
|
70+
|
6.25%
|
N/A*
|
70+
|
5.00%
|
OPTION 2
|
||||
TABLE A
|
TABLE B
|
|||
Age
|
Single Life
Option
|
Joint Life
Option
|
Age
|
Single Life
|
70+
|
7.00%
|
N/A*
|
70+
|
4.00%
|
Age at Issue 0 – 65
|
|
1.00%
|
Age at Issue 66 – 80
|
|
1.25%
|
Age
|
PAI Rate
|
0 – 54
|
4.50%
|
55 – 58
|
5.00%
|
59 – 69
|
5.50%
|
70+
|
6.00%
|
|
Single
Life
|
Joint
Life
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
i4LIFE® Advantage Select Guaranteed Income Benefit for Contractowners who transition from
4LATER®
Select Advantage
|
Single
Life
|
Joint
Life
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
Single Life GIB %
|
Joint Life GIB %
|
||
Age
|
GIB %
|
Age
|
GIB %
|
Under 40
|
2.15%
|
Under 40
|
2.15%
|
40-54
|
2.50%
|
40-54
|
2.25%
|
55-58
|
2.50%
|
55-58
|
2.25%
|
59-64
|
3.25%
|
59-64
|
2.75%
|
65-69
|
4.25%
|
65-69
|
3.25%
|
70-74
|
4.50%
|
70-74
|
3.75%
|
75-79
|
4.75%
|
75-79
|
4.00%
|
80+
|
4.75%
|
80+
|
4.25%
|
|
Single Life
|
Joint Life
|
Current Initial Annual Charge*
|
1.35%
|
1.55%
|
Single Life GIB Percentage
|
Joint Life GIB Percentage
|
||
Age
|
GIB Percentage
|
Age
|
GIB Percentage
|
Under 40
|
2.25%
|
Under 40
|
2.25%
|
40 – 54
|
2.75%
|
40 – 54
|
2.50%
|
55 – 58
|
3.00%
|
55 – 58
|
2.75%
|
59 – 64
|
3.75%
|
59 – 64
|
3.25%
|
65 – 69
|
4.75%
|
65 – 69
|
4.00%
|
70 – 74
|
5.25%
|
70 – 74
|
4.25%
|
75 – 79
|
5.50%
|
75 – 79
|
4.50%
|
80+
|
5.50%
|
80+
|
4.75%
|
Item
|
Page
|
3
|
|
6
|
|
8
|
|
10
|
|
13
|
|
15
|
|
17
|
|
24
|
|
25
|
|
26
|
|
29
|
|
30
|
|
35
|
|
38
|
|
39
|
|
46
|
|
51
|
|
55
|
|
61
|
|
69
|
|
70
|
|
71
|
|
77
|
|
77
|
|
77
|
|
77
|
|
78
|
|
78
|
|
A-1
|
|
B-1
|
|
C-1
|
|
D-1
|
|
E-1
|
|
F-1
|
|
G-1
|
|
FEES AND EXPENSES
|
Location in
Prospectus
|
||
Charges for Early
Withdrawals
|
If you make a withdrawal in excess of the free withdrawal amount before the 7th
anniversary since your last Purchase Payment, you may be assessed a surrender charge
of up to 6% of the amount withdrawn, declining to 0% over that time period. For
example, if you make a withdrawal of $100,000 during the first year after your Purchase
Payment, you could be assessed a charge of up to $6,000 on the Purchase Payment
withdrawn.
|
•Fee Tables
•Examples
•Charges and
Other
Deductions –
Surrender
Charge
|
||
Transaction
Charges
|
None, other than surrender charges.
|
•Charges and
Other
Deductions
|
||
Ongoing Fees and
Expenses (annual
charges)
|
Minimum and Maximum Annual Fee Table. The table below describes the fees and
expenses that you may pay each year, depending on the options you choose. Please
refer to your contract specifications page for information about the specific fees
you will
pay each year based on the options you have elected.
|
•Fee Tables
•Examples
•Charges and
Other
Deductions
|
||
Annual Fee
|
Minimum
|
Maximum
|
||
|
Base Contract – Guarantee of Principal
Death Benefit
|
1.27%1
|
1.27%1
|
|
|
Base Contract – Enhanced Guaranteed
Minimum Death Benefit
|
1.42%1
|
1.42%1
|
|
|
Investment options (fund fees and
expenses)
|
0.28%1
|
1.20%1
|
|
|
Optional benefits available for an
additional charge (for a single optional
benefit, if elected)
|
0.45%1
|
2.75%2
|
|
|
1 As a percentage of average Account Value in the Subaccounts.
|
|
||
|
2 As an annualized percentage of the Protected Income Base.
|
|
||
|
Lowest and Highest Annual Cost Table. Because your Contract is customizable, the
choices you make affect how much you will pay. To help you understand the cost of
owning your Contract, the following table shows the lowest and highest cost you could
pay each year. This estimate assumes that you do not take withdrawals from the
Contract, which could add surrender charges that substantially increase costs.
|
|
||
|
Lowest Annual Cost: $1,824
|
Highest Annual Cost: $6,015
|
|
|
|
Assumes:
|
Assumes:
|
|
|
|
•Investment of $100,000
•5% annual appreciation
•Least expensive fund fees and
expenses
•No optional benefits
•No surrender charges
•No additional Purchase Payments,
transfers, or withdrawals
|
•Investment of $100,000
•5% annual appreciation
•Most expensive combination of
optional benefits, fund fees and
expenses
•No surrender charges
•No additional Purchase Payments,
transfers, or withdrawals
|
|
|
RISKS
|
Location in
Prospectus
|
||
Risk of Loss
|
•You can lose money by investing in this Contract, including loss of principal.
|
•Principal Risks
•Investments of
the Variable
Annuity
Account
|
||
Not a Short-Term
Investment
|
•This Contract is not designed for short-term investing and is not appropriate for
the
investor who needs ready access to cash.
•Withdrawals may result in surrender charges. If you take a withdrawal, any surrender
charge will reduce the value of your Contract or the amount of money that you
actually receive.
•The benefits of tax deferral, long-term income, and living benefit protections mean
the Contract is more beneficial to investors with a long-term investment horizon.
•Withdrawals are subject to ordinary income tax and may be subject to tax penalties.
|
•Principal Risks
•Surrender and
Withdrawals
•Fee Tables
•Charges and
Other
Deductions
•Living Benefit
Riders
|
||
Risks Associated
with Investment
Options
|
•An investment in this Contract is subject to the risk of poor investment performance
of the investment options you choose. Performance can vary depending on the
performance of the investment options available under the Contract.
•Each investment option (including the fixed account option) has its own unique risks.
•You should review the investment options before making an investment decision.
|
•Principal Risks
•Investments of
the Variable
Annuity
Account
|
||
Insurance
Company Risks
|
•An investment in the Contract is subject to the risks related to Lincoln Life. Any
obligations (including under the fixed account option), guarantees, or benefits of
the
Contract are subject to our claims-paying ability. If we experience financial distress,
we may not be able to meet our obligations to you. More information about Lincoln
Life, including our financial strength ratings, is available upon request by calling
1-
800-942-5500 or visiting www.LincolnFinancial.com.
|
•Principal Risks
|
||
|
RESTRICTIONS
|
Location in
Prospectus
|
||
Investments
|
•The frequency of transfers between investment options is restricted. There are also
restrictions on the minimum amount that may be transferred from a variable option
and the maximum amount that may be transferred from the fixed account option.
•We reserve the right to remove or substitute any funds as investment options that
are available under the Contract.
•You are generally restricted to no more than 12 transfers between investment options
per Contract Year. Your ability to transfer between investment options may also be
restricted as a result of Investment Requirements if you have elected an optional
benefit.
|
•Principal Risks
•Investments of
the Variable
Annuity
Account
|
||
Optional Benefits
|
•Optional benefits may limit or restrict the investment options that you may select
under the Contract. We may change these restrictions in the future.
•Optional benefit availability may vary by state of issue or selling broker-dealer.
•Excess Withdrawals may reduce the value of an optional benefit by an amount
greater than the value withdrawn or result in termination of the benefit.
•You are required to have a certain level of Contract Value for some new rider
elections.
•We may modify or stop offering an optional benefit that is currently available at
any
time.
•If you elect certain optional benefits, you may be limited in the amount of Purchase
Payments that you can make (and when).
|
•The Contracts
•Living Benefit
Riders
•Appendix B –
Investment
Requirements
•Appendix C –
Discontinued
Living Benefit
Riders
|
|
TAXES
|
Location in
Prospectus
|
||
Tax Implications
|
•Consult with a tax professional to determine the tax implications of an investment
in
and payments received under this Contract.
•If you purchase the Contract through a tax-qualified plan or IRA, you do not get any
additional tax benefit under the Contract.
•Earnings on your Contract are taxed at ordinary income tax rates when you withdraw
them, and you may have to pay a penalty if you take a withdrawal before age 59½.
|
•Federal Tax
Matters
|
||
|
CONFLICTS OF INTEREST
|
Location in
Prospectus
|
||
Investment
Professional
Compensation
|
•Your registered representative may receive compensation for selling this Contract
to
you, both in the form of commissions and because we may share the revenue it
earns on this Contract with the professional’s firm. (Your investment professional
may be your broker, investment adviser, insurance agent, or someone else).
•This potential conflict of interest may influence your investment professional to
recommend this Contract over another investment.
|
•Distribution of
the Contracts
•Principal Risks
|
||
Exchanges
|
•If you already own a contract, some investment professionals may have a financial
incentive to offer you a new Contract in place of the one you own. You should only
exchange your contract if you determine, after comparing the features, fees, and
risks of both contracts, that it is better for you to purchase the new Contract rather
than continue to own your existing contract.
|
•The Contracts -
Replacement
of Existing
Insurance
|
Surrender charge (as a percentage of Purchase Payments surrendered/withdrawn):1
|
6.00%
|
Payout Phase:
|
|
Maximum Lincoln SmartIncomeSM Inflation Unscheduled Payment charge (as a percentage of the Unscheduled
Payment):2
|
7.00%
|
Administrative Expense (Annual Account Fee):1
|
|
$35
|
|
|
|
Base Contract Expenses (as a percentage of average Account Value in the Subaccounts)2
|
|
|
Guaranteed Minimum Death Benefit
|
|
1.25%
|
Enhanced Guaranteed Minimum Death Benefit (EGMDB)
|
|
1.40%
|
Optional Benefit Expenses (Protected Lifetime Income Fees)
|
Single
Life
|
Joint
Life
|
Lincoln ProtectedPay® lifetime income suite:3, 4
|
|
|
Guaranteed Maximum Annual Charge
|
2.75%
|
2.75%
|
Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk) riders elected on and after May 21, 2018:3, 4
|
|
|
Guaranteed Maximum Annual Charge
|
2.25%
|
2.45%
|
Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk) riders elected prior to May 21, 2018:3, 4, 5
|
|
|
Guaranteed Maximum Annual Charge
|
2.00%
|
2.00%
|
Current Initial Annual Charge
|
1.25%
|
1.50%
|
Lincoln Market Select® Advantage:3, 4
|
|
|
Guaranteed Maximum Annual Charge
|
2.25%
|
2.50%
|
Lincoln Max 6 SelectSM Advantage:3, 4
|
|
|
Guaranteed Maximum Annual Charge
|
2.25%
|
2.45%
|
Lincoln IRA Income PlusSM:3, 4
|
|
|
Guaranteed Maximum Annual Charge
|
2.25%
|
N/A
|
Lincoln Wealth PassSM:6
|
|
|
Guaranteed Maximum Annual Charge
|
|
|
Age at Issue 0 – 65
|
2.25%
|
N/A
|
Age at Issue 66 - 80
|
2.25%
|
N/A
|
4LATER® Select Advantage riders elected on or after November 28, 2022:3, 7
|
|
|
Guaranteed Maximum Annual Charge
|
2.75%
|
2.75%
|
4LATER® Select Advantage riders elected prior to November 28, 2022:3, 7
|
|
|
Guaranteed Maximum Annual Charge
|
2.25%
|
2.45%
|
Lincoln Lifetime IncomeSM Advantage 2.0:4, 8
|
|
|
Guaranteed Maximum Annual Charge
|
2.00%
|
2.00%
|
Current Charge
|
1.25%
|
1.50%
|
Lincoln Lifetime IncomeSM Advantage:9
|
|
|
Guaranteed Maximum Annual Charge
|
1.50%
|
1.50%
|
Current Charge
|
1.25%
|
1.25%
|
Additional Charge for Lincoln Lifetime IncomeSM Advantage Plus
|
0.15%
|
0.15%
|
Lincoln SmartSecurity® Advantage – 1 Year Automatic Step-up option:10
|
|
|
Guaranteed Maximum Annual Charge
|
1.50%
|
1.50%
|
Current Charge
|
1.00%
|
1.25%
|
Lincoln SmartSecurity® Advantage – 5 Year Elective Step-up option:10
|
|
|
Guaranteed Maximum Annual Charge
|
0.95%
|
N/A
|
Current Charge
|
0.95%
|
N/A
|
4LATER® Advantage:11
|
|
|
Guaranteed Maximum Annual Charge
|
1.50%
|
N/A
|
Current Charge
|
0.90%
|
N/A
|
i4LIFE® Advantage:12
|
|
|
Current Charge
|
0.45%
|
0.45%
|
i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) riders elected on or after May
21, 2018:3, 13
|
|
|
Guaranteed Maximum Annual Charge
|
2.25%
|
2.45%
|
i4LIFE® Advantage Select Guaranteed Income Benefit:13
|
|
|
Guaranteed Maximum Annual Charge
|
2.25%
|
2.45%
|
Current Charge
|
1.10%
|
1.30%
|
i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) riders elected prior to May 21,
2018 and
i4LIFE® Advantage Guaranteed Income Benefit (version 4) riders:13
|
|
|
Guaranteed Maximum Annual Charge
|
2.00%
|
2.00%
|
Current Charge
|
0.95%
|
1.15%
|
i4LIFE® Advantage Guaranteed Income Benefit (version 3):14
|
|
|
Guaranteed Maximum Annual Charge
|
1.50%
|
1.50%
|
Current Charge
|
0.95%
|
0.95%
|
i4LIFE® Advantage Guaranteed Income Benefit (version 2):14
|
|
|
Guaranteed Maximum Annual Charge
|
1.50%
|
1.50%
|
Current Charge
|
0.75%
|
0.75%
|
i4LIFE® Advantage Guaranteed Income Benefit (version 1):14
|
|
|
Current Charge
|
0.50%
|
0.50%
|
Annual Fund Expenses
|
Minimum
|
Maximum
|
Expenses that are deducted from the fund assets, including
management fees, distribution and/or service (12b-1) fees, and other
expenses before reimbursements.
|
0.28
%
|
1.20
%
|
Expenses that are deducted from the fund assets, including
management fees, distribution and/or service (12b-1) fees, and other
expenses after any waivers or expense reimbursements.1
|
0.23
%
|
1.10
%
|
1 year
|
3 years
|
5 years
|
10 years
|
$11,354
|
$21,587
|
$31,392
|
$60,148
|
1 year
|
3 years
|
5 years
|
10 years
|
$5,354
|
$16,587
|
$28,392
|
$60,148
|
1 year
|
3 years
|
5 years
|
10 years
|
$11,486
|
$21,443
|
$30,284
|
$53,885
|
1 year
|
3 years
|
5 years
|
10 years
|
$5,486
|
$16,443
|
$27,284
|
$53,885
|
|
Enhanced Guaranteed
Minimum Death
Benefit (EGMDB)
|
Guaranteed
Minimum Death
Benefit (GMDB)
|
Mortality and expense risk charge
|
1.25
%
|
1.25
%
|
Enhanced Death Benefit charge
|
0.15
%
|
N/A
|
Total base contract expense
|
1.40
%
|
1.25
%
|
|
Number of contract anniversaries since
Purchase Payment was invested
|
|||||||
|
0
|
1
|
2
|
3
|
4
|
5
|
6
|
7+
|
Surrender charge as a percentage of the surrendered or
withdrawn Purchase Payments
|
6
%
|
6
%
|
5
%
|
4
%
|
3
%
|
2
%
|
1
%
|
0
%
|
If your Prior Rider is...
|
you will transition to...
|
Lincoln ProtectedPay Secure Core®
Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk)
|
i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk)
|
Lincoln ProtectedPay Select Core®
Lincoln Market Select® Advantage; or
4LATER® Select Advantage
|
i4LIFE® Advantage Select Guaranteed Income Benefit
|
1/1/24 Initial i4LIFE® Advantage Account Value
|
$100,000
|
1/1/24 Protected Income Base as of the last Valuation Date under the Prior Rider
|
$125,000
|
1/1/24 Initial Annual Charge for i4LIFE® Advantage Guaranteed Income Benefit ($125,000 x 1.50%). The protected
lifetime income fee for the Prior Rider is assessed against the Protected Income Base
since it is larger than the
Account Value
|
$1,875
|
1/2/24 Amount of initial i4LIFE® Advantage Regular Income Payment (an example of how the Regular Income Payment is
calculated is shown in the SAI)
|
$5,173
|
1/2/24 Initial Guaranteed Income Benefit (4% x $125,000 Protected Income Base)
|
$5,000
|
1/2/25 Recalculated Regular Income Payment (due to market gain in Account Value)
|
$6,900
|
1/2/25 New Guaranteed Income Benefit (75% x $6,900 Regular Income Payment)
|
$5,175
|
1/2/25 Annual Charge for i4LIFE® Advantage Guaranteed Income Benefit ($1,875 x ($5,175/$5,000)) Prior charge x [ratio
of increased Guaranteed Income Benefit to prior Guaranteed Income Benefit]
|
$1,940.63
|
1/2/25 Annual Charge for i4LIFE® Advantage Guaranteed Income Benefit
|
$1,940.63
|
1/2/26 Recalculated Regular Income Payment (due to Account Value increase)
|
$7,400
|
1/2/26 New Guaranteed Income Benefit (75% x $7,400 Regular Income Payment)
|
$5,550
|
Assume the Prior Rider fee rate increases from 1.50% to 1.60%.
|
|
1/2/26 Annual Charge for i4LIFE® Advantage Guaranteed Income Benefit ($1,940.63 x ($5,550/$5,175) x
(1.60%/1.50%))
|
$2,220.01
|
|
Rider Year
|
|||||||
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
Charge
|
7
%
|
7
%
|
7
%
|
6
%
|
5
%
|
4
%
|
3
%
|
0
%
|
Standard Benefits
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
Guaranteed Minimum
Death Benefit
|
Provides a Death Benefit equal to the
greatest of (1) Contract Value; (2) all
Purchase Payments plus attributable gain on
the Contract’s seventh anniversary (if under
age 81), adjusted for withdrawal.
|
•1.25%
|
•Withdrawals could significantly reduce
the benefit.
|
Enhanced Guaranteed
Minimum Death
Benefit (EGMDB)
|
Provides a Death Benefit equal to the
greatest of (1) Contract Value; (2) all
Purchase Payments, adjusted for
withdrawals; (3) the highest Contract Value
on any contract anniversary prior to age 81
as adjusted for withdrawals.
|
•1.40%
|
•Not available if age 80 or older at the
time of issuance.
•Withdrawals could significantly reduce
the benefit.
•Poor investment performance could
significantly reduce and limit potential
increases to the highest Contract Value.
|
Dollar-Cost Averaging
|
Allows you to automatically transfer
amounts between certain investment
options on a monthly basis.
|
None
|
•Minimum amount to be dollar cost
averaged is $1,500 over any time period
between 3 and 60 months.
•Cannot be used simultaneously with
portfolio rebalancing.
|
Portfolio Rebalancing
|
Allows you to automatically reallocate your
Contract Value among investment options
on a periodic basis based on your standing
allocation instructions.
|
None
|
•Cannot be used simultaneously with
dollar cost averaging.
|
Cross-Reinvestment
|
When the amount invested in an investment
option exceeds a baseline amount, allows
you to automatically transfer the excess
amount to another investment option.
|
None
|
•Cannot be used simultaneously with
dollar cost averaging or portfolio
rebalancing.
•Not available for new participants.
|
Automatic Withdrawal
Service
|
Allows you to take periodic withdrawals
from your Contract automatically.
|
None
|
•Automatically terminates once i4LIFE®
Advantage begins.
|
Optional Benefits – Available for Election
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
Lincoln ProtectedPay®
lifetime income suite
|
Provides:
•Varying income options;
•Guaranteed lifetime periodic withdrawals;
•An Enhancement that may increase the
Protected Income Base;
•Account Value Step-ups of the Protected
Income Base; and
•Age-based increases to the Protected
Annual Income amount.
|
•2.75% Single and
Joint Life Options
(as a percentage of
the Protected
Income Base)
|
•Investment Requirements apply.
•Excess Withdrawals could significantly
reduce or terminate the benefit.
•Any withdrawal may negatively impact or
eliminate the potential for enhancements
or step-ups.
•Subject to a $10 million maximum
Protected Income Base across all Living
Benefit Riders.
•The fee rate may increase with additional
Purchase Payments, step-ups, and at any
time after ten years from the rider
effective date.
•Additional Purchase Payments may be
limited.
|
Optional Benefits – Available for Election
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
4LATER® Select
Advantage
|
Provides:
•Protected Income Base which will be
used to establish the amount of the
Guaranteed Income Benefit upon the
election of i4LIFE® Advantage;
•An Enhancement to the Protected
Income Base;
•Account Value Step-ups of the Protected
Income Base.
Must later transition to i4LIFE®
Advantage Select Guaranteed Income
Benefit in order to receive a benefit from
4LATER® Select Advantage.
|
•2.75% Single and
Joint Life Options
(as a percentage of the
Protected Income
Base)
|
•Investment Requirements apply.
•Withdrawals could significantly reduce or
terminate the benefit.
•Not available for purchase with a
qualified contract.
•Subject to a $10 million maximum
Protected Income Base across all Living
Benefit Riders.
•Purchase Payments and step-ups may
increase fee rate.
•Additional Purchase Payments may be
limited.
|
i4LIFE® Advantage
|
Provides:
•Variable periodic Regular Income
Payments for life.
•The ability to make additional
withdrawals and surrender the Contract
during the Access Period.
•The optional Guaranteed Income Benefit,
which provides a minimum payout floor
for those Regular Income Payments.
|
•i4LIFE® Advantage:
0.45% in addition to
the base contract
expense for the
Death Benefit you
have elected.
•Guaranteed Income
Benefit (Managed
Risk): 2.25%*
(single life option);
2.45%* (joint life
option)
*The Guaranteed
Income Benefit
charge is in addition
to the i4LIFE®
Advantage charge
and your base
contract expense.
|
•Guaranteed Income Benefit limits
available investment options (Investment
Requirements apply).
•Withdrawals could significantly reduce or
terminate the benefit.
•Restrictions apply to the length of the
Access Period.
•Additional Purchase Payments may be
subject to restrictions.
|
Optional Benefits – No Longer Available for Election1
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
Lincoln Lifetime
IncomeSM Advantage
2.0 (Managed Risk)
|
Provides:
•Guaranteed lifetime periodic withdrawals;
•An Enhancement to the Protected
Income Base;
•Account Value Step-ups of the Protected
Income Base;
•Age-based increases to the Protected
Annual Income amount; and
•Nursing Home Enhancement.
|
•2.25% Single Life
Option
•2.45% Joint Life
Option
(as a percentage of
the Protected
Income Base)
|
•Investment Requirements apply.
•Excess Withdrawals could significantly
reduce or terminate the benefit.
•Any withdrawal may negatively impact or
eliminate the potential for enhancements
or step-ups.
•Subject to a $10 million maximum
Protected Income Base across all Living
Benefit Riders.
•Purchase Payments and step-ups may
increase fee rate.
•Additional Purchase Payments may be
limited.
|
Optional Benefits – No Longer Available for Election1
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
Lincoln Lifetime
IncomeSM Advantage
2.0
|
Provides:
•Guaranteed lifetime periodic withdrawals;
•An Enhancement to the Protected
Income Base;
•Account Value Step-ups of the Protected
Income Base;
•Age-based increases to the Protected
Annual Income amount
|
•2.00%
(as a percentage of
Protected Income
Base)
|
•Investment Requirements apply.
•Subject to a $10 million maximum
across all Living Benefit Riders.
•Excess withdrawals could significantly
reduce or terminate the benefit.
•Any withdrawal may negatively impact or
eliminate the potential for enhancements
or step-ups.
•Purchase Payments and step-ups may
increase fee rate.
•Additional Purchase Payments may be
limited.
|
Lincoln Lifetime
IncomeSM Advantage
|
Provides:
•Guaranteed lifetime periodic withdrawals
for you and any joint life regardless of
investment performance.
•Includes step-up and enhancement
features that may result in a higher
guaranteed minimum at certain points in
time.
|
•1.50%
(as a percentage of
Protected Income
Base)
|
•Investment Requirements apply.
•Subject to a $10 million maximum
across all Living Benefit Riders.
•Must be at least age 59 (single life
option) or age 65 (joint life option) to
begin taking guaranteed withdrawals.
•Excess and early withdrawals may
significantly reduce or terminate the
benefit.
•Any withdrawal may negatively impact or
eliminate the potential for enhancements
or step-ups.
•Purchase Payments and step-ups may
increase fee rate.
•Purchase Payments subject to additional
restrictions.
|
Lincoln Market
Select® Advantage
|
Provides:
•Guaranteed lifetime periodic withdrawals;
•An Enhancement to the Protected
Income Base;
•Account Value Step-ups of the Protected
Income Base; and
•Age-based increases to the Protected
Annual Income amount.
|
•2.25% Single Life
Option
•2.45% Joint Life
Option
(as a percentage of
the Protected
Income Base)
|
•Investment Requirements apply.
•Excess Withdrawals could significantly
reduce or terminate the benefit.
•Any withdrawal may negatively impact or
eliminate the potential for enhancements
or step-ups.
•Subject to a $10 million maximum
Protected Income Base across all Living
Benefit Riders.
•Purchase Payments and step-ups may
increase fee rate.
•Additional Purchase Payments may be
limited.
|
Optional Benefits – No Longer Available for Election1
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
Lincoln Max 6
SelectSM Advantage
|
Provides:
•Guaranteed lifetime periodic withdrawals;
•An Enhancement to the Protected
Income Base;
•Account Value Step-ups of the Protected
Income Base; and
•Age-based increases to the Protected
Annual Income amount.
|
•2.25% Single Life
Option
•2.45% Joint Life
Option
(as a percentage of
the Protected
Income Base)
|
•Investment Requirements apply.
•Excess Withdrawals could significantly
reduce or terminate benefits.
•Any withdrawal may negatively impact or
eliminate the potential for enhancements
or step-ups.
•Subject to a $10 million maximum
Protected Income Base across all Living
Benefit Riders.
•Purchase Payments and step-ups may
increase fee rate.
•Additional Purchase Payments may be
limited.
•The guaranteed payments will be
reduced if your Contract Value is reduced
to zero.
•Your Protected Income Base will not
carry over to i4LIFE® Advantage.
|
Lincoln IRA Income
PlusSM
|
Provides:
•Guaranteed lifetime periodic withdrawals;
•An Enhancement to the Protected
Income Base;
•Account Value Step-ups of the Protected
Income Base; and
•Age-based increases to the Protected
Annual Income amount.
|
•2.25%
(as a percentage of
Protected Income
Base)
|
•Investment Requirements apply.
•Excess Withdrawals could significantly
reduce or terminate the benefit.
•Subject to a $10 million maximum
Protected Income Base across all Living
Benefit Riders.
•Additional Purchase Payments may be
limited.
•The guaranteed payments will be
reduced if your Contract Value is reduced
to zero.
•Your Protected Income Base will not
carry over to i4LIFE® Advantage.
|
Lincoln Wealth
PassSM
|
•Provides income payments that
guarantee a return of principal over your
life expectancy.
•Designed for a Beneficiary with Death
Benefit proceeds from another
nonqualified contract, or from a qualified
(IRA and Roth IRA) contract or a
qualified retirement plan if the original
Contractowner died on or before
December 31, 2019.
|
•2.25%
(as an annualized
percentage of
Protected Amount)
|
•Investment Requirements apply.
•Excess Withdrawals could significantly
reduce or terminate the benefit.
•Subject to $10 million maximum
Protected Income Base across all Living
Benefit Riders.
•Additional Purchase Payments may be
limited.
|
Lincoln
SmartSecurity®
Advantage
|
Provides:
•A minimum guaranteed amount that you
can withdraw, in installments, from your
Contract. Lifetime periodic withdrawals
may also be available if certain
conditions are met.
|
•1.50%
(as an annualized
percentage of the
Guaranteed
Amount)
|
•Withdrawals could significantly reduce or
terminate the benefit.
•Investment Requirements apply.
•Subject to a $10 million maximum
across all Living Benefit Riders.
•Additional Purchase Payments may be
limited.
•A step-up of the Guaranteed Amount
may increase the fee rate.
|
Optional Benefits – No Longer Available for Election1
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
4LATER® Advantage
|
•Establishes a benefit base used to
calculate a guaranteed income benefit
under i4LIFE® Advantage when you are
ready to elect it.
•The benefit base has the potential for
enhancements and resets. Guaranteed
income benefit after election of i4LIFE®
Advantage has a step-up feature that
may result in a higher guaranteed
minimum at certain points in time.
|
•1.50%
(as a percentage of
Protected Income
Base)
|
•Investment Requirements apply.
•Withdrawals may significantly reduce or
terminate the benefit.
•Any withdrawal may negatively impact or
eliminate the potential for enhancements,
resets, or step-ups.
•Resets may increase current fee rate.
•Purchase Payments subject to additional
restrictions.
|
i4LIFE® Advantage
Guaranteed Income
Benefit
|
•Provides a minimum payout floor for
Regular Income Payments under i4LIFE®
Advantage.
|
•Select Guaranteed
Income Benefit:
2.25%* (single life
option); 2.45%*
(joint life option)
•Guaranteed Income
Benefit (Managed
Risk) riders elected
prior to 5/21/2018
and Guaranteed
Income Benefit
(version 4) riders:
2.00%* (single/joint
life option)
•Guaranteed Income
Benefit (versions 1,
2 and 3): 1.50%*
(single/joint life
option)
*The Guaranteed
Income Benefit
charge is in addition
to the i4LIFE®
Advantage charge
and your base
contract expense.
|
•Guaranteed Income Benefit limits
available investment options (Investment
Requirements apply).
•Withdrawals could significantly reduce or
terminate the benefit.
•Restrictions apply to the length of the
Access Period.
•Additional Purchase Payments can be
subject to restrictions.
|
7/3/2024 Initial Deposit / Contract Value
|
$10,000
|
7/3/2024 Contract Value
|
$25,000
|
7/3/2039 Contract Value
|
$23,500
|
|
Contract
Value
|
Protected Income Base
|
Enhancement Base
|
Enhancement Value
|
At issue
|
$100,000
|
$100,000
|
$100,000
|
$100,000
|
1st Benefit Year
anniversary
|
$104,000
|
$106,000
|
$100,000
|
$106,000
|
2nd Benefit Year
anniversary
|
$115,000
|
$115,000
|
$100,000
|
$112,000
|
3rd Benefit Year
anniversary
|
$116,000
|
$118,000
|
$100,000
|
$118,000
|
Contract Value on the rider's effective date
|
$200,000
|
Protected Income Base, Enhancement Base and Enhancement
Value on the rider's effective date
|
$200,000
|
Initial Protected Annual Income amount on the rider's effective
date ($200,000 x 5%)
|
$10,000
|
Contract Value six months after rider's effective date
|
$210,000
|
Protected Income Base, Enhancement Base and Enhancement
Value six months after rider's effective date
|
$200,000
|
Withdrawal six months after rider's effective date
|
$10,000
|
Contract Value after withdrawal ($210,000 - $10,000)
|
$200,000
|
Protected Income Base, Enhancement Base and Enhancement
Value after withdrawal ($200,000 - $0)
|
$200,000
|
Contract Value on first Benefit Year anniversary
|
$205,000
|
Protected Income Base first Benefit Year anniversary
|
$205,000
|
Enhancement Value and Enhancement Base on first Benefit Year
anniversary
|
$200,000
|
Protected Annual Income amount on first Benefit Year anniversary
($205,000 x 5%)
|
$10,250
|
|
Contract
Value
|
Protected Income Base
|
At issue
|
$50,000
|
$50,000
|
1st Benefit Year anniversary
|
$54,000
|
$54,000
|
2nd Benefit Year anniversary
|
$53,900
|
$56,700
|
|
Minimum Access Period
|
Maximum Access Period
|
i4LIFE® Advantage (without a Guaranteed Income
Benefit) for new elections on and after November 20,
2023
|
10 years
|
The length of time between
your age and age 115 for
nonqualified contracts; age
100 for qualified contracts
|
i4LIFE® Advantage (without a Guaranteed Income
Benefit) for elections prior to November 20, 2023
|
5 years
|
The length of time between
your age and age 115 for
nonqualified contracts; age
100 for qualified contracts
|
Select Guaranteed Income Benefit
Guaranteed Income Benefit (Managed Risk)
|
Longer of 20 years or the difference between your age
(nearest birthday) and age 90
|
To age 115 for nonqualified
contracts; to age 100 for
qualified contracts
|
Guaranteed Income Benefit (version 4) elections on or
after May 21, 2012
|
Longer of 20 years or the difference between your age
(nearest birthday) and age 100
|
To age 115 for nonqualified
contracts; to age 100 for
qualified contracts
|
Guaranteed Income Benefit (version 4) elections prior to
May 21, 2012
|
Longer of 20 years or the difference between your age
(nearest birthday) and age 90
|
To age 115 for nonqualified
contracts; to age 100 for
qualified contracts
|
Guaranteed Income Benefit (version 2 and 3)
|
Longer of 15 years or the difference between your age
(nearest birthday) and age 85
|
To age 115 for nonqualified
contracts; to age 100 for
qualified contracts
|
|
Tier 1
|
Tier 2
|
Minimum Threshold Value
|
$500,000
|
$1,000,000
|
Credit Percentage (Annually)
|
0.10%
|
0.20%
|
Credit Percentage (Quarterly)
|
0.025%
|
0.050%
|
Account Value (equals Contract Value on date i4LIFE® Advantage
Guaranteed Income Benefit is elected)
|
$100,000
|
|
Guaranteed Amount/Protected Income Base on date i4LIFE®
Advantage Guaranteed Income Benefit is elected:
|
$140,000
|
|
Initial Regular Income Payment
|
$5,411
|
|
Initial Guaranteed Income Benefit (4.5% x $140,000 Guaranteed
Amount/Protected Income Base which is greater than $100,000
Account Value)
|
$6,300
|
|
i4LIFE® Account Value before market decline
|
$135,000
|
i4LIFE® Account Value after market decline
|
$100,000
|
Monthly Guaranteed Income Benefit
|
$810
|
Monthly Regular Income Payment after market decline
|
$769
|
Account Value after market decline and Guaranteed Income Benefit
payment
|
$99,190
|
8/1/2024 Amount of initial Regular Income Payment
|
$4,801
|
8/1/2024 Account Value at election of Guaranteed Income Benefit
|
$100,000
|
8/1/2024 Initial Guaranteed Income Benefit (4% x $100,000 Account Value)
|
$4,000
|
8/1/2025 Recalculated Regular Income Payment
|
$6,000
|
8/1/2025 Guaranteed Income Benefit after step-up (75% of $6,000)
|
$4,500
|
If your Prior Rider is...
|
you will transition to…
|
•Lincoln ProtectedPay Select Core®
•Lincoln Market Select® Advantage
•4LATER® Select Advantage
|
Select Guaranteed Income Benefit
|
•Lincoln ProtectedPay Secure Core®
•Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk)
|
Guaranteed Income Benefit (Managed Risk)
|
If your Prior Rider is...
|
you will transition to…
|
•Lincoln Lifetime IncomeSM Advantage 2.0
|
Guaranteed Income Benefit (version 4)
|
Minimum Access Period
|
||
|
Elections of i4LIFE® Advantage prior
to the 5th Benefit Year anniversary
|
Elections of i4LIFE® Advantage on and
after the 5th Benefit Year anniversary
|
Purchasers of:
•Lincoln Lifetime IncomeSM Advantage
2.0 on or after April 2, 2012
|
Longer of 20 years or the difference
between your age and age 100
|
Longer of 20 years or the difference
between your age and age 95
|
Purchasers of:
•Lincoln Lifetime IncomeSM Advantage
2.0 (Managed Risk) prior to May 18,
2020
•Lincoln Lifetime IncomeSM Advantage
2.0 prior to April 2, 2012
|
Longer of 20 years or the difference
between your age and age 90
|
Longer of 15 years or the difference
between your age and age 85
|
Purchasers of:
•Lincoln ProtectedPay Secure Core®
•Lincoln ProtectedPay Select Core®
•Lincoln Lifetime IncomeSM Advantage
2.0 (Managed Risk) on or after May 18,
2020
•Lincoln Market Select® Advantage
•4LATER® Select Advantage
|
Longer of 20 years or the difference
between your age and age 90
|
N/A
|
i4LIFE® Regular Income Payment before additional withdrawal
|
$1,200
|
|
Guaranteed Income Benefit before additional withdrawal
|
$900
|
|
Account Value at time of additional withdrawal
|
$150,000
|
|
Additional withdrawal
|
$15,000
|
(a 10% withdrawal)
|
|
|
|
Reduction in Guaranteed Income Benefit for additional withdrawal = $900 x 10% = $90
|
||
Guaranteed Income Benefit after additional withdrawal = $900 - $90 = $810
|
Initial Reserve Value on Rider Date 4/15/2012
|
$150,000
|
Initial Scheduled Payment on 4/15/2012
|
$8,000
|
Initial CPI Value published in March 2012
|
150
|
CPI Value published in December 2012
|
155
|
Adjustment percentage (155/150)
|
1.033333
|
Reserve Value After 1/1/2013 Adjustment ($150,000 x 1.033333)
|
$155,000
|
Scheduled Payment After 1/1/2013 Adjustment ($8,000 x 1.033333)
|
$8,266.67
|
Annual Scheduled Payment for calendar year 2012
|
$5,000
|
Guaranteed Minimum Scheduled Payment for calendar year 2012
|
$4,800
|
Reserve Value 12/31/2012
|
$100,000
|
CPI Value published in December 2012
|
120
|
CPI Value published in December 2011
|
115
|
Adjustment percentage (120/115)
|
1.043782
|
Reserve Value after 1/1/2013 adjustment ($100,000 x 1.043782)
|
$104,378
|
Annual Scheduled Payment for calendar year 2013 after 1/1/2013 adjustment
($5,000 x 1.043782)
|
$5,217.39
|
Annual Scheduled Payment for calendar year 2012
|
$5,000
|
Guaranteed Minimum Scheduled Payment for calendar year 2012
|
$4,800
|
Reserve Value 12/31/2012
|
$100,000
|
CPI Value published in December 2012
|
120
|
CPI Value published in December 2011
|
130
|
Adjustment percentage (120/130)
|
0.9230769
|
Reserve Value after 1/1/2013 adjustment ($100,000 x 0.9230769)
|
$92,308
|
Annual Scheduled Payment for calendar year 2013 after 1/1/2013 adjustment
($5,000 x 0.9230769)
|
$4,615.38
|
Annual Scheduled Payment for calendar year 2013
|
$4,800
|
Guaranteed Minimum Scheduled Payment for calendar year 2013
|
$4,800
|
Reserve Value 12/31/2013 ($92,308 - $4,800)
|
$87,508
|
CPI Value published in December 2013
|
140
|
CPI Value published in December 2012
|
120
|
Adjustment percentage (140/120)
|
1.16666
|
Reserve Value after 1/1/2014 adjustment ($87,508 x 1.166666)
|
$102,093
|
Annual Scheduled Payment for calendar year 2014 after 1/1/2014 adjustment
($4,615.38 x 1.166666)
|
$5,384.61
|
Reserve Value 1/1/2013
|
$100,000
|
Guaranteed Minimum Scheduled Payment 1/1/2013
|
$15,000
|
Unscheduled Payment 1/2/2013
|
$2,000
|
Proportional reduction percentage ($2,000/$100,000)
|
.02
|
Proportional reduction to the Guaranteed Minimum Scheduled Payment (.02 x
$15,000)
|
$300
|
New Guaranteed Minimum Scheduled Payment
|
$14,700
|
Reserve Value 1/1/2013
|
$10,000
|
Guaranteed Minimum Scheduled Payment
|
$15,000
|
Unscheduled Payment 1/2/2013
|
$2,000
|
Proportional reduction percentage ($2,000/$10,000)
|
.20
|
Proportional reduction to the Guaranteed Minimum Scheduled Payment (.20 x
$15,000)
|
$3,000
|
New Guaranteed Minimum Scheduled Payment ($15,000 - $3,000)
|
$12,000
|
Guaranteed Minimum Scheduled Payment for calendar year 2013
|
$4,800
|
Annual Scheduled Payment for calendar year 2013 paid 1/1/2013
|
$5,000
|
Reserve Value 1/1/2013 before Scheduled Payment
|
$515,000
|
Reserve Value 1/2/2013 after Scheduled Payment ($515,000 - $5,000)
|
$510,000
|
Unscheduled Payment charge percent
|
7
%
|
Then current Reserve Value before Unscheduled Payment on 1/15/2013
|
$510,000
|
Free amount on 1/15/2013 (10% x $510,000)
|
$51,000
|
Unscheduled Payment 1/15/2013
|
$10,000
|
[since Unscheduled Payment is within the 10% free amount ($10,000 ˂ = $51,000) there is no Unscheduled Payment
charge]
|
|
Reserve Value 1/15/2013 after Unscheduled Payment ($510,000 - $10,000)
|
$500,000
|
Proportional reduction percentage due to Unscheduled Payment ($10,000/$510,000)
|
1.96078
%
|
Scheduled Payment after proportional reduction for Unscheduled Payment [$5,000 - ($5,000
x .0196078)]
|
$4,902
|
Guaranteed Scheduled Payment after proportional reduction [$4,800 - ($4,800 x .0196078)]
|
$4,706
|
Then current Reserve Value 2/1/2013 before second Unscheduled Payment
|
$500,000
|
2nd Unscheduled Payment 2/1/2013
|
$75,000
|
Free amount on 2/1/2013 (10% x $500,000)
|
$50,000
|
Remaining free amount ($50,000 - $10,000 prior Unscheduled Payment)
|
$40,000
|
Unscheduled Payment charge [($75,000 - $40,000) x .07]
|
$2,450
|
Unscheduled Payment paid (minus Unscheduled Payment charge ($75,000 - $2,450)
|
$72,550
|
Proportional reduction percentage due to Unscheduled Payment ($75,000/$500,000)
|
15
%
|
Scheduled Payment after proportional reduction for Unscheduled Payment [$5,000 - ($5,000
x .15)]
|
$4,250
|
Guaranteed Minimum Scheduled Payment after proportional reduction for Unscheduled
Payment [$4,800 - ($4,800 x
.15)]
|
$4,000
|
Reserve Value after 2/2/2013 Unscheduled Payment and Unscheduled Payment charge ($500,000
- $75,000)
|
$425,000
|
7/15/2012 Initial Reserve Value
|
$100,000
|
1/10/2013 Reserve Value is adjusted due to negative CPI Value of -.10
($100,000 x .10 = $10,000 Adjustment)
($100,000 - $10,000 = $90,000 Reserve Value)
|
$90,000
|
2/1/2013 Scheduled Payment of $45,000 reduces the Reserve Value
Reserve Value is reduced by the amount of the Scheduled Payment
($90,000 - $45,000 = $45,000)
|
$45,000
|
8/6/2013 Death of a Contractowner
Death Benefit is greater of
a) current Reserve Value ($45,000); or
b) initial Reserve Value minus Scheduled Payment
($100,000 - $45,000 = $55,000)
|
|
8/5/2013 Death Benefit paid
|
$55,000
|
7/15/2012 Initial Reserve Value
|
$100,000
|
1/10/2013 Reserve Value is adjusted due to negative CPI Value of -.10
($100,000 x .10 = $10,000 Adjustment)
($100,000 - $10,000 = $90,000 Reserve Value)
|
$90,000
|
2/1/2013 Scheduled Payment of $45,000 reduces the Reserve Value
Reserve Value is reduced by the amount of the Scheduled Payment ($90,000 - $45,000
= $45,000)
|
$45,000
|
8/6/2013 Unscheduled Payment
|
$45,000
|
Reserve Value
|
$0
|
Reserve Value is reduced to zero which results in termination of the rider
Initial Reserve Value is greater than payments received
[$100,000 ˃ ($45,000 + $45,000) = $90,000]
|
|
Final payment made to holder of rights of ownership
|
$10,000
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
High total return (including income and
capital gains) consistent with
preservation of capital over the long
term.
|
American Funds Asset Allocation Fund -
Class 1
|
0.30%
|
14.55%
|
9.47%
|
7.51%
|
Seeks to provide a level of current
income that exceeds the average yield
on U.S. stocks generally and to provide
a growing stream of income over the
years.
|
American Funds Capital Income
Builder® - Class 4
|
0.78%2
|
8.75%
|
7.18%
|
N/A
|
To provide, over the long term, with a
high level of total return consistent with
prudent investment management.
|
American Funds Capital World Bond
Fund - Class 1
|
0.48%
|
6.39%
|
-0.07%
|
0.62%
|
Long-term growth of capital while
providing current income.
|
American Funds Capital World Growth
and Income Fund - Class 1
|
0.41%2
|
21.22%
|
10.60%
|
7.90%
|
The balanced accomplishment of three
objectives: long-term growth of capital,
conservation of principal and current
income.
|
American Funds Global Balanced Fund -
Class 2
|
0.77%2
|
13.83%
|
7.44%
|
5.40%
|
Long-term growth of capital.
|
American Funds Global Growth Fund -
Class 1
|
0.41%2
|
22.91%
|
13.93%
|
9.85%
|
Long-term growth of capital. A fund of
funds.
|
American Funds Global Growth
PortfolioSM - Class 4
|
0.97%
|
23.03%
|
11.36%
|
N/A
|
Long-term capital growth.
|
American Funds Global Small
Capitalization Fund - Class 1
|
0.66%2
|
16.45%
|
8.57%
|
6.04%
|
To provide long-term growth of capital
while providing current income. A fund
of funds.
|
American Funds Growth and Income
PortfolioSM - Class 4
|
0.82%
|
15.86%
|
8.53%
|
N/A
|
Growth of capital.
|
American Funds Growth Fund - Class 1
|
0.34%
|
38.81%
|
18.97%
|
14.64%
|
Long-term growth of capital and income.
|
American Funds Growth-Income Fund -
Class 1
|
0.28%
|
26.47%
|
13.65%
|
11.19%
|
To provide investors with a high level of
current income; capital appreciation is
the secondary objective.
|
American Funds High-Income Trust -
Class 1
|
0.32%2
|
12.69%
|
6.36%
|
4.67%
|
Long-term growth of capital.
|
American Funds International Fund -
Class 1
|
0.53%
|
16.12%
|
5.10%
|
3.67%
|
Long-term growth of capital while
providing current income.
|
American Funds International Growth
and Income Fund - Class 1
|
0.56%
|
16.08%
|
6.38%
|
3.57%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
To provide high total return (including
income and capital gains) consistent
with preservation of capital over the long
term while seeking to manage volatility
and provide downside protection. A fund
of funds.
|
American Funds Managed Risk Asset
Allocation Fund - Class P2
|
0.90%2
|
10.23%
|
5.91%
|
4.74%
|
High total return (including income and
capital gains) consistent with
preservation of capital over the long
term while seeking to manage volatility
and provide downside protection. A fund
of funds.
|
American Funds Managed Risk Global
Allocation PortfolioSM - Class P2
|
1.04%2
|
10.52%
|
4.56%
|
N/A
|
Long-term growth of capital and current
income while seeking to manage
volatility and provide downside
protection. A fund of funds.
|
American Funds Managed Risk Growth
and Income PortfolioSM - Class P2
|
0.91%2
|
11.71%
|
5.66%
|
N/A
|
To provide growth of capital while
seeking to manage volatility and provide
downside protection. A fund of funds.
|
American Funds Managed Risk Growth
Fund - Class P2
|
0.94%2
|
23.50%
|
10.98%
|
8.30%
|
Long-term growth of capital while
seeking to manage volatility and provide
downside protection. A fund of funds.
|
American Funds Managed Risk Growth
PortfolioSM - Class P2
|
0.94%2
|
15.57%
|
6.73%
|
N/A
|
To achieve long-term growth of capital
and income while seeking to manage
volatility and provide downside
protection. A fund of funds.
|
American Funds Managed Risk Growth-
Income Fund - Class P2
|
0.87%2
|
15.90%
|
7.60%
|
6.15%
|
To provide long-term growth of capital
while seeking to manage volatility and
provide downside protection. A fund of
funds.
|
American Funds Managed Risk
International Fund - Class P2
|
1.10%2
|
6.22%
|
0.79%
|
0.24%
|
To produce income and to provide an
opportunity for growth of principal
consistent with sound common stock
investing while seeking to manage
volatility and provide downside
protection. A fund of funds.
|
American Funds Managed Risk
Washington Mutual Investors Fund -
Class P2
|
0.89%2
|
9.73%
|
5.59%
|
4.73%
|
To provide current income and
preservation of capital.
|
American Funds Mortgage Fund - Class
2
|
0.57%2
|
3.68%
|
0.80%
|
1.48%
|
Long-term capital appreciation.
|
American Funds New World Fund® -
Class 1
|
0.57%2
|
16.22%
|
8.90%
|
4.95%
|
To provide as high a level of current
income as is consistent with the
preservation of capital.
|
American Funds The Bond Fund of
America - Class 1
|
0.23%2
|
5.21%
|
2.14%
|
2.33%
|
To provide a high level of current income
consistent with prudent investment risk
and preservation of capital.
|
American Funds U.S. Government
Securities Fund - Class 1
|
0.26%2
|
3.21%
|
1.31%
|
1.78%
|
To provide the investors with current
income, consistent with the maturity and
quality standards applicable to the fund,
and preservation of capital and liquidity.
|
American Funds Ultra-Short Bond Fund -
Class 1
|
0.31%
|
4.94%
|
1.63%
|
1.00%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
To produce income and to provide an
opportunity for growth of principal
consistent with sound common stock
investing.
|
American Funds Washington Mutual
Investors Fund - Class 1
|
0.27%2
|
17.66%
|
12.90%
|
10.19%
|
A balance between a high level of
current income and growth of capital,
with an emphasis on growth of capital. A
fund of funds.
|
LVIP American Balanced Allocation Fund
- Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.58%2
|
13.68%
|
8.01%
|
6.09%
|
A balance between a high level of
current income and growth of capital. A
fund of funds.
|
LVIP American Global Balanced
Allocation Managed Risk Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
0.95%
|
11.41%
|
5.39%
|
4.14%
|
A balance between a high level of
current income and growth of capital,
with a greater emphasis on growth of
capital. A fund of funds.
|
LVIP American Global Growth Allocation
Managed Risk Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.97%
|
13.57%
|
5.82%
|
4.14%
|
A balance between a high level of
current income and growth of capital,
with a greater emphasis on growth of
capital. A fund of funds.
|
LVIP American Growth Allocation Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.59%2
|
14.95%
|
8.55%
|
6.49%
|
A high level of current income with
some consideration given to growth of
capital. A fund of funds.
|
LVIP American Income Allocation Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.58%2
|
10.77%
|
6.10%
|
4.87%
|
Current income, consistent with the
preservation of capital. A fund of funds.
|
LVIP American Preservation Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.86%2
|
3.74%
|
0.98%
|
1.00%
|
If you elect...
|
and the date of election is...
|
you will be subject to
Investment Requirements
|
Lincoln ProtectedPay Secure Core®, Lincoln
ProtectedPay Secure Plus®, Lincoln ProtectedPay
Secure Max®
|
On or after November 28, 2022
|
Option 3 for Managed Risk
riders
|
Lincoln ProtectedPay Select Core®, Lincoln
ProtectedPay Select Plus®, Lincoln ProtectedPay Select
Max®
|
On or after November 28, 2022
|
Option 3
|
Lincoln Lifetime IncomeSM Advantage 2.0 (Managed
Risk)
|
On or after April 2, 2012
|
Option 3 for Managed Risk
riders
|
i4LIFE® Advantage Guaranteed Income Benefit
(Managed Risk)
|
On or after May 21, 2012
|
Option 3 for Managed Risk
riders
|
Lincoln Max 6 SelectSM Advantage
|
On or after May 20, 2019
|
Option 3
|
Lincoln IRA Income PlusSM
|
On or after May 20, 2019
|
Option 3
|
4LATER® Select Advantage
|
On or after May 20, 2019
|
Option 3
|
i4LIFE® Advantage Select Guaranteed Income Benefit
|
On or after October 3, 2016
|
Option 3
|
Lincoln Market Select® Advantage
|
On or after October 3, 2016
|
Option 3
|
If you elect...
|
and the date of election is...
|
you will be subject to
Investment Requirements
|
Lincoln Lifetime IncomeSM Advantage 2.0
|
On or after November 15, 2010
|
Option 3
|
Lincoln Lifetime IncomeSM Advantage
|
February 19, 2008 through January 19, 2009
On or after January 20, 2009
|
Option 2
Option 3
|
Lincoln SmartSecurity® Advantage
|
Prior to April 10, 2006
April 10, 2006 through January 19, 2009
On or after January 20, 2009
|
N/A
Option 1
Option 3
|
4LATER® Advantage
|
April 10, 2006 through January 19, 2009
On or after January 20, 2009
|
Option 1
Option 3
|
i4LIFE® Advantage Guaranteed Income Benefit (v.1)
|
Prior to April 10, 2006
On or after April 10, 2006
|
N/A
Option 1
|
i4LIFE® Advantage Guaranteed Income Benefit (v.2)
|
April 10, 2006 through January 19, 2009
On or after January 20, 2009
|
Option 1
Option 3
|
i4LIFE® Advantage Guaranteed Income Benefit (v.3)
|
October 6, 2008 through January 19, 2009
On or after January 20, 2009
|
Option 2
Option 3
|
i4LIFE® Advantage Guaranteed Income Benefit (v.4)
|
On or after November 15, 2010
|
Option 3
|
Group 1
Investments must be at least 25% of Contract
Value or Account Value
|
Group 2
Investments cannot exceed 75% of Contract
Value or Account Value
|
Group 3
Investments cannot exceed 10% of Contract
Value or Account Value
|
American Funds Capital World Bond Fund
American Funds High-Income Trust
American Funds Mortgage Fund
American Funds The Bond Fund of America
American Funds U.S. Government Securities
LVIP American Preservation Fund
|
All other investment options except as discussed
below.
|
No Subaccounts at this time.
|
Group 1
Investments must be at least 20% of Contract
Value or Account Value
|
Group 2
Investments cannot exceed 80% of Contract
Value or Account Value
|
Group 3
Investments cannot exceed 10% of Contract
Value or Account Value
|
American Funds Mortgage Fund*
American Funds The Bond Fund of America*
American Funds U.S. Government Securities
Fund*
LVIP American Preservation Fund
|
American Funds Managed Risk Asset Allocation
Fund
American Funds Managed Risk Global Allocation
PortfolioSM
American Funds Managed Risk Growth and
Income PortfolioSM
American Funds Managed Risk Growth Fund
American Funds Managed Risk Growth
PortfolioSM
American Funds Managed Risk Growth-Income
Fund
American Funds Managed Risk International
Fund
American Funds Managed Risk Washington
Mutual Investors Fund
LVIP American Global Balanced Allocation
Managed Risk Fund
LVIP American Global Growth Allocation
Managed Risk Fund
|
No Subaccounts at this time.
|
Group 1
Investments must be at least 30% of Contract
Value or Account Value
|
Group 2
Investments cannot exceed 70% of Contract
Value or Account Value
|
Group 3
Investments cannot exceed 10% of Contract
Value or Account Value
|
American Funds Capital World Bond Fund
American Funds Mortgage Fund
American Funds The Bond Fund of America
American Funds U.S. Government Securities
Fund
LVIP American Preservation Fund
|
American Funds Asset Allocation Fund
American Funds Capital Income Builder®
American Funds Capital World Growth and
Income Fund
American Funds Global Balanced Fund
American Funds Global Growth Fund
American Funds Global Growth PortfolioSM
American Funds Growth and Income PortfolioSM
American Funds Growth Fund
American Funds Growth-Income Fund
American Funds High-Income Trust
American Funds International Fund
American Funds International Growth and
Income Fund
American Funds Ultra-Short Bond Fund
American Funds Washington Mutual Investors
Fund
LVIP American Balanced Allocation Fund
LVIP American Growth Allocation Fund
LVIP American Income Allocation Fund
|
American Funds Global Small Capitalization Fund
American Funds New World Fund®
|
Group 1
Investments must be at least 30% of Contract
Value or Account Value
|
Group 2
Investments cannot exceed 70% of Contract
Value or Account Value
|
Group 3
Investments cannot exceed 10% of Contract
Value or Account Value
|
American Funds Capital World Bond Fund
American Funds Mortgage Fund
American Funds The Bond Fund of America
American Funds U.S. Government Securities
Fund
LVIP American Preservation Fund
|
All other Subaccounts, except as described
below.
|
No Subaccounts at this time.
|
|
Guaranteed Maximum Annual Fee Rate*
|
|
Single
Life
|
Joint
Life
|
|
Lincoln Lifetime IncomeSM Advantage 2.0
(Managed Risk) on or after May 21, 2018
|
2.25%
|
2.45%
|
Lincoln Market Select® Advantage riders
elected on or after October 3, 2016
|
2.25%
|
2.45%
|
Lincoln Max 6 SelectSM Advantage
|
2.25%
|
2.45%
|
|
Current Annual Fee Rate
|
Guaranteed Maximum Annual Fee Rate
|
||
Single
Life
|
Joint
Life
|
Single
Life
|
Joint
Life
|
|
Lincoln Lifetime
IncomeSM Advantage 2.0
(Managed Risk) riders
elected prior to May 21,
20181
|
1.25%
|
1.50%
|
2.00%
|
2.00%
|
Lincoln Lifetime
IncomeSM Advantage
2.0*
|
1.25%
(0.3125% quarterly)
|
1.50%
(0.3750% quarterly)
|
2.00%
|
2.00%
|
Lincoln Market Select®
Advantage riders elected
on or after May 16, 2016
and prior to October 3,
2016
|
0.95%
|
1.15%
|
2.25%
|
2.45%
|
Lincoln IRA Income
PlusSM
|
1.35%
(0.3375% quarterly)
|
N/A
|
2.25%
|
N/A
|
If your Prior Rider is...
|
you will transition to...
|
Lincoln Lifetime IncomeSM Advantage 2.0
|
i4LIFE® Advantage Guaranteed Income Benefit
(version 4)
|
|
Current Fee
|
Beginning January 11, 2021
|
1.25%
|
January 20, 2009 through January 10, 2021
|
0.90%
|
Prior to January 20, 2009
|
0.75%
|
|
Current Fee
|
Beginning January 11, 2021
|
0.95%
|
December 3, 2012 through January 10, 2021
|
0.85%
|
January 20, 2009 through December 2, 2012
|
0.65%
|
Prior to January 20, 2009
|
0.45%
|
|
Current Fee
|
|
|
Single
Life
|
Joint
Life
|
Beginning January 11, 2021
|
1.00%
|
1.25%
|
December 3, 2012 through January 10, 2021
|
0.85%
|
1.00%
|
Prior to December 3, 2012
|
0.65%
|
0.80%
|
|
Current Fee
|
Beginning January 11, 2021
|
0.90%
|
January 20, 2009 through January 10, 2021
|
0.65%
|
Prior to January 20, 2009
|
0.50%
|
|
Contract
Value
|
Protected Income Base
|
At issue
|
$50,000
|
$50,000
|
1st Benefit Year anniversary
|
$54,000
|
$54,000
|
2nd Benefit Year anniversary
|
$53,900
|
$56,700
|
Contract Value on the rider's effective date
|
$200,000
|
Protected Income Base and Enhancement Base on the rider's
effective date
|
$200,000
|
Initial Protected Annual Income amount on the rider's effective
date ($200,000 x 4.00%)
|
$8,000
|
Contract Value six months after rider's effective date
|
$210,000
|
Protected Income Base and Enhancement Base six months after
rider's effective date
|
$200,000
|
Withdrawal six months after rider's effective date
|
$8,000
|
Contract Value after withdrawal ($210,000 - $8,000)
|
$202,000
|
Protected Income Base and Enhancement Base after withdrawal
($200,000 - $0)
|
$200,000
|
Contract Value on first Benefit Year anniversary
|
$205,000
|
Protected Income Base and Enhancement Base on first Benefit
Year anniversary
|
$205,000
|
Protected Annual Income amount on first Benefit Year anniversary
($205,000 x 4.00%)
|
$8,200
|
Initial Purchase Payment
|
$100,000
|
|
Additional Purchase Payment in Year 2
|
$95,000
|
No change to charge
|
Additional Purchase Payment in Year 3
|
$50,000
|
Charge will be the then current charge
|
Additional Purchase Payment in Year 4
|
$25,000
|
Charge will be the then current charge
|
|
Contract
Value
|
Guaranteed
Amount
|
Potential for
Charge to
Change
|
Length of 5%
Enhancement
Period
|
Initial Purchase Payment $50,000
|
$50,000
|
$50,000
|
No
|
10
|
1st Benefit Year anniversary
|
$54,000
|
$54,000
|
Yes
|
10
|
2nd Benefit Year anniversary
|
$53,900
|
$56,700
|
No
|
9
|
3rd Benefit Year anniversary
|
$57,000
|
$59,535
|
No
|
8
|
4th Benefit Year anniversary
|
$64,000
|
$64,000
|
Yes
|
10
|
|
Contract
Value
|
Guaranteed
Amount
|
Maximum Annual
Withdrawal Amount
|
Initial Purchase Payment $50,000
|
$50,000
|
$50,000
|
$2,500
|
1st Benefit Year anniversary
|
$54,000
|
$54,000
|
$2,700
|
2nd Benefit Year anniversary
|
$51,000
|
$51,300
|
$2,700
|
3rd Benefit Year anniversary
|
$57,000
|
$57,000
|
$2,850
|
4th Benefit Year anniversary
|
$64,000
|
$64,000
|
$3,200
|
|
Contract
Value
|
Protected Income Base
|
At issue
|
$50,000
|
$50,000
|
1st Benefit Year anniversary
|
$54,000
|
$54,000
|
2nd Benefit Year anniversary
|
$53,900
|
$56,700
|
Contract Value on the rider’s effective date
|
$200,000
|
Protected Income Base and Enhancement Base on the rider’s
effective date
|
$200,000
|
Initial Protected Annual Income amount on the rider’s effective
date ($200,000 x 4%)
|
$8,000
|
Contract Value six months after rider’s effective date
|
$210,000
|
Protected Income Base and Enhancement Base six months after
rider’s effective date
|
$200,000
|
Withdrawal six months after the rider’s effective date
|
$8,000
|
Contract Value after withdrawal ($210,000 - $8,000)
|
$202,000
|
Protected Income Base and Enhancement Base after withdrawal
($200,000 - $0)
|
$200,000
|
Contract Value on the first Benefit Year anniversary
|
$205,000
|
Protected Income Base and Enhancement Base on the first Benefit
Year anniversary
|
$205,000
|
Protected Annual Income amount on the first Benefit Year
anniversary ($205,000 x 4%)
|
$8,200
|
|
Contract
Value
|
Protected Income Base
|
At issue
|
$50,000
|
$50,000
|
1st Benefit Year anniversary
|
$54,000
|
$54,000
|
2nd Benefit Year anniversary
|
$53,900
|
$56,700
|
Contract Value on the rider’s effective date
|
$200,000
|
Protected Income Base and Enhancement Base on the rider’s
effective date
|
$200,000
|
Initial Protected Annual Income amount on the rider’s effective
date ($200,000 x 4%)
|
$8,000
|
Contract Value six months after rider’s effective date
|
$210,000
|
Protected Income Base and Enhancement Base six months after
rider’s effective date
|
$200,000
|
Withdrawal six months after rider’s effective date
|
$8,000
|
Contract Value after withdrawal ($210,000 - $8,000)
|
$202,000
|
Protected Income Base and Enhancement Base after withdrawal
($200,000 - $0)
|
$200,000
|
Contract Value on the first Benefit Year anniversary
|
$205,000
|
Protected Income Base and Enhancement Base on the first Benefit
Year anniversary
|
$205,000
|
Protected Annual Income amount on the first Benefit Year
anniversary ($205,000 x 4%)
|
$8,200
|
|
Contract
Value
|
Guaranteed
Amount
|
Initial Purchase Payment $50,000
|
$50,000
|
$50,000
|
1st Benefit Year anniversary
|
$54,000
|
$54,000
|
2nd Benefit Year anniversary
|
$53,900
|
$54,000
|
3rd Benefit Year anniversary
|
$57,000
|
$57,000
|
|
Contract
Value
|
Protected Income Base
|
Enhancement Base
|
Enhancement amount
added to Protected Income Base
|
At issue
|
$100,000
|
$100,000
|
$100,000
|
-
|
1st Benefit
Year
anniversary
|
$104,000
|
$106,000
|
$100,000
|
$6,000
|
2nd Benefit
Year
anniversary
|
$115,000
|
$115,000
|
$115,000
|
N/A
|
Contract Value on the rider’s effective date
|
$200,000
|
Protected Income Base and Enhancement Base on the rider’s
effective date
|
$200,000
|
Initial Protected Annual Income amount on the rider’s effective
date ($200,000 x 5%)
|
$10,000
|
Contract Value six months after rider’s effective date
|
$212,000
|
Protected Income Base and Enhancement Base six months after
rider’s effective date
|
$200,000
|
Withdrawal six months after rider’s effective date
|
$10,000
|
Contract Value after withdrawal ($212,000 - $10,000)
|
$202,000
|
Protected Income Base and Enhancement Base after withdrawal
($200,000 - $0)
|
$200,000
|
Contract Value on the first Benefit Year anniversary
|
$205,000
|
Protected Income Base and Enhancement Base on the first Benefit
Year anniversary
|
$205,000
|
Protected Annual Income amount on the first Benefit Year
anniversary ($205,000 x 5%)
|
$10,250
|
Contract Value on the rider’s effective date
|
$200,000
|
Protected Amount on the rider’s effective date
|
$200,000
|
Initial Protected Annual Income amount on the rider’s effective
date
|
$10,000
|
Contract Value six months after rider’s effective date
|
$212,000
|
Protected Amount six months after rider’s effective date
|
$200,000
|
Withdrawal six months after rider’s effective date
|
$10,000
|
Contract Value after withdrawal ($212,000 - $10,000)
|
$202,000
|
Protected Amount after withdrawal ($200,000 - $10,000)
|
$190,000
|
Contract Value on the first Benefit Year anniversary
|
$205,000
|
Protected Amount on the first Benefit Year anniversary
|
$190,000
|
Protected Annual Income amount on the first Benefit Year
anniversary
|
$10,000
|
Age
|
Final GMWB Payment Year
|
Age
|
Final GMWB Payment Year
|
Age
|
Final GMWB Payment Year
|
0
|
82
|
28
|
55
|
56
|
28
|
1
|
81
|
29
|
54
|
57
|
27
|
2
|
80
|
30
|
53
|
58
|
27
|
3
|
79
|
31
|
52
|
59
|
26
|
4
|
78
|
32
|
51
|
60
|
25
|
5
|
77
|
33
|
50
|
61
|
24
|
6
|
76
|
34
|
49
|
62
|
23
|
7
|
75
|
35
|
48
|
63
|
22
|
8
|
74
|
36
|
47
|
64
|
21
|
9
|
73
|
37
|
46
|
65
|
21
|
10
|
72
|
38
|
45
|
66
|
20
|
11
|
71
|
39
|
44
|
67
|
19
|
12
|
70
|
40
|
43
|
68
|
18
|
13
|
69
|
41
|
42
|
69
|
17
|
14
|
68
|
42
|
41
|
70
|
17
|
15
|
67
|
43
|
40
|
71
|
16
|
16
|
66
|
44
|
39
|
72
|
15
|
17
|
66
|
45
|
38
|
73
|
14
|
18
|
65
|
46
|
37
|
74
|
14
|
19
|
64
|
47
|
37
|
75
|
13
|
20
|
63
|
48
|
36
|
76
|
12
|
21
|
62
|
49
|
35
|
77
|
12
|
22
|
61
|
50
|
34
|
78
|
11
|
23
|
60
|
51
|
33
|
79
|
10
|
24
|
59
|
52
|
32
|
80
|
10
|
25
|
58
|
53
|
31
|
81
|
9
|
26
|
57
|
54
|
30
|
|
|
27
|
56
|
55
|
29
|
|
|
Initial Purchase Payment
|
$100,000
|
|
Purchase Payment 60 days later
|
$10,000
|
|
Protected Income Base
|
$110,000
|
|
Future Protected Income Base (during the 1st Waiting Period)
|
$126,500
|
($110,000 x 115%)
|
Protected Income Base (after 1st Waiting Period)
|
$126,500
|
|
New Future Protected Income Base (during 2nd Waiting Period)
|
$145,475
|
($126,500 x 115%)
|
Protected Income Base
|
$100,000
|
|
Purchase Payment in Year 2
|
$10,000
|
|
New Protected Income Base
|
$110,000
|
|
Future Protected Income Base (during 1st Waiting Period-Year 2)
|
$125,500
|
($100,000 x 115%) +
|
|
|
($10,000 x 100%) +
|
|
|
($10,000 x 15% x 1/3)
|
Protected Income Base (after 1st Waiting Period)
|
$125,500
|
|
New Future Protected Income Base (during 2nd Waiting Period)
|
$144,325
|
(125,500 x 115%)
|
Protected Income Base
|
$100,000
|
Maximum Protected Income Base
|
$200,000
|
Purchase Payment in Year 2
|
$10,000
|
Increase to Maximum Protected Income Base
|
$20,000
|
New Protected Income Base
|
$110,000
|
New Maximum Protected Income Base
|
$220,000
|
Future Protected Income Base after Purchase
Payment
|
$125,500
|
Maximum Protected Income Base
|
$220,000
|
Protected Income Base (after 1st Waiting
Period)
|
$125,500
|
|
|
Future Protected Income Base (during 2nd
Waiting Period)
|
$144,325
|
Maximum Protected Income Base
|
$220,000
|
Contract Value in Year 4
|
$112,000
|
|
|
Withdrawal of 10%
|
$11,200
|
|
|
After Withdrawal (10% adjustment)
|
|
|
|
Contract Value
|
$100,800
|
|
|
Protected Income Base
|
$112,950
|
|
|
Future Protected Income Base
|
$129,893
|
Maximum Protected Income Base
|
$198,000
|
i4LIFE® Account Value before market decline
|
$135,000
|
i4LIFE® Account Value after market decline
|
$100,000
|
Guaranteed Income Benefit
|
$810
|
Regular Income Payment after market decline
|
$769
|
Account Value after market decline and Guaranteed Income Benefit
payment
|
$99,190
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate
|
59 – 64
|
4.25%
|
59 – 64
|
4.10%
|
65 – 69
|
6.00%
|
65 – 69
|
5.50%
|
70 – 74
|
6.15%
|
70 – 74
|
5.60%
|
75+
|
6.30%
|
75+
|
5.85%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate
|
59 – 64
|
4.25%
|
59 – 64
|
4.10%
|
65 – 69
|
5.85%
|
65 – 69
|
5.50%
|
70 – 74
|
6.15%
|
70 – 74
|
5.60%
|
75+
|
6.30%
|
75+
|
5.85%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate
|
59 – 64
|
4.25%
|
59 – 64
|
4.10%
|
65 – 69
|
6.00%
|
65 – 69
|
5.50%
|
70 – 74
|
6.05%
|
70 – 74
|
5.60%
|
75+
|
6.30%
|
75+
|
5.85%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate
|
59 – 64
|
4.25%
|
59 – 64
|
4.10%
|
65 – 69
|
5.65%
|
65 – 69
|
5.20%
|
70 – 74
|
6.05%
|
70 – 74
|
5.60%
|
75+
|
6.30%
|
75+
|
5.85%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate
|
59 – 64
|
4.00%
|
59 – 64
|
3.60%
|
65 – 69
|
5.50%
|
65 – 69
|
5.00%
|
70 – 74
|
5.60%
|
70 – 74
|
5.10%
|
75+
|
5.75%
|
75+
|
5.25%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate
|
59 – 64
|
4.75%
|
59 – 64
|
4.35%
|
65 – 69
|
6.10%
|
65 – 69
|
5.60%
|
70 – 74
|
6.30%
|
70 – 74
|
5.85%
|
75+
|
6.55%
|
75+
|
6.10%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate
|
59 – 64
|
4.75%
|
59 – 64
|
4.35%
|
65 – 69
|
6.00%
|
65 – 69
|
5.60%
|
70 – 74
|
6.30%
|
70 – 74
|
5.85%
|
75+
|
6.55%
|
75+
|
6.10%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate
|
59 – 64
|
4.75%
|
59 – 64
|
4.35%
|
65 – 69
|
6.10%
|
65 – 69
|
5.60%
|
70 – 74
|
6.30%
|
70 – 74
|
5.85%
|
75+
|
6.55%
|
75+
|
6.10%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate
|
59 – 64
|
4.75%
|
59 – 64
|
4.35%
|
65 – 69
|
5.90%
|
65 – 69
|
5.45%
|
70 – 74
|
6.30%
|
70 – 74
|
5.85%
|
75+
|
6.55%
|
75+
|
6.10%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate
|
59 – 64
|
4.50%
|
59 – 64
|
4.00%
|
65 – 69
|
5.75%
|
65 – 69
|
5.25%
|
70 – 74
|
5.85%
|
70 – 74
|
5.35%
|
75+
|
6.00%
|
75+
|
5.50%
|
TABLE A
|
TABLE B
|
||||
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.70%
|
5.20%
|
59 – 64
|
3.00%
|
3.00%
|
65 – 69
|
7.65%
|
7.10%
|
65 – 69
|
4.50%
|
4.25%
|
70 – 74
|
7.90%
|
7.15%
|
70 – 74
|
4.50%
|
4.25%
|
75+
|
8.00%
|
7.40%
|
75+
|
4.50%
|
4.25%
|
TABLE A
|
TABLE B
|
||||
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.30%
|
4.80%
|
59 – 64
|
3.00%
|
3.00%
|
65 – 69
|
7.25%
|
6.60%
|
65 – 69
|
4.00%
|
4.00%
|
70 – 74
|
7.50%
|
6.75%
|
70 – 74
|
4.00%
|
4.00%
|
75+
|
7.60%
|
7.00%
|
75+
|
4.00%
|
4.00%
|
TABLE A
|
TABLE B
|
||||
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.30%
|
4.80%
|
59 – 64
|
3.00%
|
3.00%
|
65 – 69
|
7.00%
|
6.35%
|
65 – 69
|
4.00%
|
4.00%
|
70 – 74
|
7.15%
|
6.50%
|
70 – 74
|
4.00%
|
4.00%
|
75+
|
7.25%
|
6.75%
|
75+
|
4.00%
|
4.00%
|
TABLE A
|
TABLE B
|
||||
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.65%
|
5.25%
|
59 – 64
|
3.50%
|
3.25%
|
65 – 69
|
7.50%
|
7.10%
|
65 – 69
|
5.00%
|
4.50%
|
70 – 74
|
7.75%
|
7.15%
|
70 – 74
|
5.00%
|
4.50%
|
75+
|
7.85%
|
7.50%
|
75+
|
5.00%
|
4.50%
|
TABLE A
|
TABLE B
|
||||
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.65%
|
5.15%
|
59 – 64
|
3.00%
|
3.00%
|
65 – 69
|
7.50%
|
6.85%
|
65 – 69
|
4.00%
|
4.00%
|
70 – 74
|
7.75%
|
7.00%
|
70 – 74
|
4.00%
|
4.00%
|
75+
|
7.85%
|
7.25%
|
75+
|
4.00%
|
4.00%
|
TABLE A
|
TABLE B
|
||||
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.65%
|
5.15%
|
59 – 64
|
3.00%
|
3.00%
|
65 – 69
|
7.25%
|
6.85%
|
65 – 69
|
4.00%
|
4.00%
|
70 – 74
|
7.40%
|
7.00%
|
70 – 74
|
4.00%
|
4.00%
|
75+
|
7.50%
|
7.25%
|
75+
|
4.00%
|
4.00%
|
TABLE A
|
TABLE B
|
||||
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.70%
|
5.20%
|
59 – 64
|
3.00%
|
3.00%
|
65 – 69
|
8.30%
|
7.90%
|
65 – 69
|
3.50%
|
3.25%
|
70 – 74
|
8.55%
|
8.10%
|
70 – 74
|
3.50%
|
3.25%
|
75+
|
8.80%
|
8.30%
|
75+
|
3.50%
|
3.25%
|
TABLE A
|
TABLE B
|
||||
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.30%
|
4.80%
|
59 – 64
|
3.00%
|
3.00%
|
65 – 69
|
8.30%
|
7.90%
|
65 – 69
|
3.50%
|
3.25%
|
70 – 74
|
8.55%
|
8.10%
|
70 – 74
|
3.50%
|
3.25%
|
75+
|
8.80%
|
8.30%
|
75+
|
3.50%
|
3.25%
|
TABLE A
|
TABLE B
|
||||
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.30%
|
4.80%
|
59 – 64
|
3.00%
|
3.00%
|
65 – 69
|
8.30%
|
7.90%
|
65 – 69
|
3.00%
|
3.00%
|
70 – 74
|
8.55%
|
8.10%
|
70 – 74
|
3.00%
|
3.00%
|
75+
|
8.80%
|
8.30%
|
75+
|
3.00%
|
3.00%
|
TABLE A
|
TABLE B
|
||||
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.30%
|
4.80%
|
59 – 64
|
3.00%
|
3.00%
|
65 – 69
|
8.00%
|
7.70%
|
65 – 69
|
3.00%
|
3.00%
|
70 – 74
|
8.25%
|
7.85%
|
70 – 74
|
3.00%
|
3.00%
|
75+
|
8.40%
|
8.00%
|
75+
|
3.00%
|
3.00%
|
TABLE A
|
TABLE B
|
||||
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.65%
|
5.25%
|
59 – 64
|
3.50%
|
3.25%
|
65 – 69
|
8.50%
|
8.10%
|
65 – 69
|
3.50%
|
3.25%
|
70 – 74
|
8.75%
|
8.30%
|
70 – 74
|
3.50%
|
3.25%
|
75+
|
9.00%
|
8.50%
|
75+
|
3.50%
|
3.25%
|
TABLE A
|
TABLE B
|
||||
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.65%
|
5.15%
|
59 – 64
|
3.00%
|
3.00%
|
65 – 69
|
8.50%
|
8.10%
|
65 – 69
|
3.50%
|
3.25%
|
70 – 74
|
8.75%
|
8.30%
|
70 – 74
|
3.50%
|
3.25%
|
75+
|
9.00%
|
8.50%
|
75+
|
3.50%
|
3.25%
|
TABLE A
|
TABLE B
|
||||
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.65%
|
5.15%
|
59 – 64
|
3.00%
|
3.00%
|
65 – 69
|
8.50%
|
8.10%
|
65 – 69
|
3.00%
|
3.00%
|
70 – 74
|
8.75%
|
8.30%
|
70 – 74
|
3.00%
|
3.00%
|
75+
|
9.00%
|
8.50%
|
75+
|
3.00%
|
3.00%
|
TABLE A
|
TABLE B
|
||||
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
Age
(younger of you and
your spouse’s age)
|
Single Life
Option
|
Joint Life
Option
|
59 – 64
|
5.65%
|
5.15%
|
59 – 64
|
3.00%
|
3.00%
|
65 – 69
|
8.25%
|
8.00%
|
65 – 69
|
3.00%
|
3.00%
|
70 – 74
|
8.50%
|
8.15%
|
70 – 74
|
3.00%
|
3.00%
|
75+
|
8.65%
|
8.30%
|
75+
|
3.00%
|
3.00%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
55 – 58
|
2.50%
|
55 – 58
|
2.25%
|
59 – 64
|
4.35%
|
59 – 64
|
3.85%
|
65 – 69
|
5.50%
|
65 – 69
|
4.75%
|
70 – 74
|
5.50%
|
70 – 74
|
4.85%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
75+
|
5.65%
|
75+
|
5.15%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
55 – 58
|
2.50%
|
55 – 58
|
2.25%
|
59 – 64
|
4.35%
|
59 – 64
|
3.85%
|
65 – 69
|
5.40%
|
65 – 69
|
4.65%
|
70 – 74
|
5.50%
|
70 – 74
|
4.75%
|
75+
|
5.65%
|
75+
|
5.15%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
55 – 58
|
2.50%
|
55 – 58
|
2.25%
|
59 – 64
|
3.50%
|
59 – 64
|
3.00%
|
65+
|
5.15%
|
65+
|
4.65%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
55 – 58
|
2.50%
|
55 – 58
|
2.25%
|
59 – 64
|
3.50%
|
59 – 64
|
3.00%
|
65+
|
5.00%
|
65+
|
4.50%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
55 – 58
|
2.50%
|
55 – 58
|
2.25%
|
59 – 64
|
3.50%
|
59 – 64
|
3.00%
|
65+
|
4.75%
|
65+
|
4.25%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
55 – 58
|
2.75%
|
55 – 58
|
2.50%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
59 – 64
|
3.75%
|
59 – 64
|
3.25%
|
65 – 69
|
5.00%
|
65 – 69
|
4.50%
|
70 – 74
|
5.00%
|
70 – 74
|
4.50%
|
75+
|
5.00%
|
75+
|
4.50%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
55 – 58
|
3.20%
|
55 – 58
|
2.90%
|
59 – 64
|
4.10%
|
59 – 64
|
4.00%
|
65 – 69
|
5.35%
|
65 – 69
|
5.00%
|
70 – 74
|
5.45%
|
70 – 74
|
5.10%
|
75+
|
5.60%
|
75+
|
5.20%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
55 – 58
|
3.50%
|
55 – 58
|
3.20%
|
59 – 64
|
4.40%
|
59 – 64
|
4.10%
|
65 – 69
|
5.50%
|
65 – 69
|
5.20%
|
70 – 74
|
5.60%
|
70 – 74
|
5.30%
|
75+
|
5.70%
|
75+
|
5.40%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
55 – 58
|
3.75%
|
55 – 58
|
3.75%
|
59 – 64
|
4.50%
|
59 – 64
|
4.25%
|
65 – 69
|
5.60%
|
65 – 69
|
5.50%
|
70 – 74
|
5.75%
|
70 – 74
|
5.60%
|
75+
|
6.00%
|
75+
|
5.75%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
55 – 58
|
3.75%
|
55 – 58
|
3.75%
|
59 – 64
|
4.50%
|
59 – 64
|
4.25%
|
65 – 69
|
5.75%
|
65 – 69
|
5.50%
|
70 – 74
|
5.80%
|
70 – 74
|
5.60%
|
75+
|
6.00%
|
75+
|
5.75%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
55 – 58
|
3.75%
|
55 – 58
|
3.75%
|
59 – 64
|
4.50%
|
59 – 64
|
4.25%
|
65 – 69
|
5.60%
|
65 – 69
|
5.50%
|
70 – 74
|
5.75%
|
70 – 74
|
5.60%
|
75+
|
6.00%
|
75+
|
5.75%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
55 – 58
|
3.75%
|
55 – 58
|
3.75%
|
59 – 64
|
4.50%
|
59 – 64
|
4.25%
|
65 – 74
|
5.60%
|
65 – 74
|
5.35%
|
75+
|
6.00%
|
75+
|
5.75%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
55 – 58
|
3.50%
|
55 – 58
|
3.50%
|
59 – 64
|
4.50%
|
59 – 64
|
4.25%
|
65 – 74
|
5.50%
|
65 – 74
|
5.25%
|
75+
|
5.85%
|
75+
|
5.60%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
55 – 58
|
3.50%
|
55 – 58
|
3.50%
|
59 – 64
|
4.25%
|
59 – 64
|
4.00%
|
65+
|
5.25%
|
65+
|
5.00%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate
|
55 – 58
|
3.50%
|
55 – 58
|
3.50%
|
59 – 64
|
4.00%
|
59 – 64
|
4.00%
|
65+
|
5.00%
|
65 – 74
|
4.50%
|
|
|
75+
|
5.00%
|
Single & Joint Life Option*
|
Single & Joint Life Option
|
Age
|
Protected Annual
Income rate
|
55 – 58
|
3.50%
|
59 – 64
|
4.00%
|
65+
|
5.00%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
55 – 58
|
4.00%
|
55 – 64
|
4.00%
|
59+
|
5.00%
|
65+
|
5.00%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income
rate
|
55 – 58
|
3.00%
|
55 – 58
|
3.00%
|
59 – 64
|
3.50%
|
59 – 64
|
3.50%
|
65 – 69
|
4.50%
|
65 – 69
|
4.00%
|
70+
|
5.00%
|
70+
|
4.50%
|
Single & Joint Life Option*
|
Single & Joint Life Option
|
Age
|
Protected Annual
Income rate
|
55 – 58
|
3.00%
|
59 – 64
|
3.50%
|
65 – 69
|
4.50%
|
70+
|
5.00%
|
Single Life Option
|
Joint Life Option*
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income rate
|
55 – 58
|
3.50%
|
55 – 64
|
3.50%
|
59 – 64
|
4.00%
|
65 – 69
|
4.50%
|
65 – 69
|
4.50%
|
70+
|
5.00%
|
70+
|
5.00%
|
|
|
Single Life Option
|
Joint Life Option*
|
||
Age
|
Protected Annual Income
rate
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual Income rate
|
55 – 58
|
4.00%
|
55 – 64
|
4.00%
|
59+
|
5.00%
|
65+
|
5.00%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate*
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate*
|
55 – 58
|
2.25%
|
55 – 58
|
2.00%
|
59 – 64
|
3.75%
|
59 – 64
|
3.25%
|
65 – 69
|
5.00%
|
65 – 69
|
4.35%
|
70 – 74
|
5.10%
|
70 – 74
|
4.45%
|
75+
|
5.25%
|
75+
|
4.75%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate*
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate*
|
55 – 58
|
2.25%
|
55 – 58
|
2.00%
|
59 – 64
|
3.75%
|
59 – 64
|
3.25%
|
65 – 69
|
5.00%
|
65 – 69
|
4.25%
|
70 – 74
|
5.10%
|
70 – 74
|
4.35%
|
75+
|
5.25%
|
75+
|
4.75%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate*
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate*
|
55 – 58
|
2.25%
|
55 – 58
|
2.00%
|
59 – 64
|
3.25%
|
59 – 64
|
3.00%
|
65 – 74
|
4.75%
|
65 – 74
|
4.15%
|
75+
|
5.00%
|
75+
|
4.50%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate*
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate*
|
55 – 58
|
2.25%
|
55 – 58
|
2.00%
|
59 – 64
|
3.25%
|
59 – 64
|
3.00%
|
65+
|
4.75%
|
65+
|
4.15%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate*
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate*
|
55 – 58
|
2.25%
|
55 – 58
|
2.00%
|
59 – 64
|
3.25%
|
59 – 64
|
3.00%
|
65+
|
4.50%
|
65+
|
4.00%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate*
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate*
|
55 – 58
|
2.50%
|
55 – 58
|
2.25%
|
59 – 64
|
3.50%
|
59 – 64
|
3.00%
|
65 – 69
|
4.75%
|
65 – 69
|
4.25%
|
70 – 74
|
4.75%
|
70 – 74
|
4.25%
|
75+
|
4.75%
|
75+
|
4.25%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate*
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate*
|
55 – 58
|
3.10%
|
55 – 58
|
2.85%
|
59 – 64
|
4.00%
|
59 – 64
|
3.65%
|
65 – 69
|
5.10%
|
65 – 69
|
4.65%
|
70 – 74
|
5.15%
|
70 – 74
|
4.75%
|
75+
|
5.55%
|
75+
|
5.00%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate*
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate*
|
55 – 58
|
3.25%
|
55 – 58
|
3.00%
|
59 – 64
|
4.15%
|
59 – 64
|
3.85%
|
65 – 69
|
5.15%
|
65 – 69
|
4.85%
|
70 – 74
|
5.35%
|
70 – 74
|
5.00%
|
75+
|
5.55%
|
75+
|
5.25%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate*
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate*
|
55 – 58
|
3.50%
|
55 – 58
|
3.50%
|
59 – 64
|
4.25%
|
59 – 64
|
4.00%
|
65 – 69
|
5.25%
|
65 – 69
|
5.15%
|
70 – 74
|
5.50%
|
70 – 74
|
5.25%
|
75+
|
5.75%
|
75+
|
5.50%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate*
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate*
|
55 – 58
|
3.50%
|
55 – 58
|
3.50%
|
59 – 64
|
4.25%
|
59 – 64
|
4.00%
|
65 – 74
|
5.25%
|
65 – 74
|
5.00%
|
75+
|
5.75%
|
75+
|
5.50%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate*
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate*
|
55 – 58
|
3.50%
|
55 – 58
|
3.50%
|
59 – 64
|
4.00%
|
59 – 64
|
4.00%
|
65 – 74
|
5.00%
|
65 – 74
|
4.50%
|
75+
|
5.50%
|
75+
|
5.00%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Protected Annual
Income rate*
|
Age
(younger of you and
your spouse’s age)
|
Protected Annual
Income rate*
|
55 – 58
|
3.50%
|
55 – 58
|
3.50%
|
59 – 64
|
4.00%
|
59 – 64
|
4.00%
|
65+
|
5.00%
|
65 – 74
|
4.50%
|
|
|
75+
|
5.00%
|
TABLE A
|
TABLE B
|
||||
Age
|
Single Life
Option
|
Joint Life
Option*
|
Age
|
Single Life
Option
|
Joint Life
Option*
|
59 – 64
|
5.00%
|
4.50%
|
59 – 64
|
3.00%
|
2.75%
|
65 – 69
|
7.50%
|
7.00%
|
65 – 69
|
3.00%
|
2.75%
|
70 – 74
|
8.00%
|
7.50%
|
70 – 74
|
3.00%
|
2.75%
|
75 – 79
|
8.00%
|
7.50%
|
75 – 79
|
3.00%
|
2.75%
|
80 +
|
8.00%
|
7.50%
|
80 +
|
3.00%
|
2.75%
|
TABLE A
|
TABLE B
|
||||
Age
|
Single Life
Option
|
Joint Life
Option*
|
Age
|
Single Life
Option
|
Joint Life
Option*
|
59 – 64
|
4.50%
|
3.60%
|
59 – 64
|
3.00%
|
2.75%
|
65 – 69
|
7.25%
|
6.00%
|
65 – 69
|
3.00%
|
2.75%
|
70 – 74
|
7.25%
|
6.25%
|
70 – 74
|
3.00%
|
2.75%
|
75 – 79
|
7.75%
|
6.50%
|
75 – 79
|
3.00%
|
2.75%
|
80 +
|
7.75%
|
6.50%
|
80 +
|
3.00%
|
2.75%
|
TABLE A
|
TABLE B
|
||||
Age
|
Single Life
Option
|
Joint Life
Option*
|
Age
|
Single Life
Option
|
Joint Life
Option*
|
55 – 58
|
N/A
|
N/A
|
55 – 58
|
N/A
|
N/A
|
59 – 64
|
4.25%
|
3.10%
|
59 – 64
|
3.00%
|
2.75%
|
65 – 69
|
7.00%
|
5.50%
|
65 – 69
|
3.00%
|
2.75%
|
70 – 74
|
7.00%
|
5.75%
|
70 – 74
|
3.00%
|
2.75%
|
75 +
|
7.50%
|
6.00%
|
75 +
|
3.00%
|
2.75%
|
TABLE A
|
TABLE B
|
||||
Age
|
Single Life
Option
|
Joint Life
Option*
|
Age
|
Single Life
Option
|
Joint Life
Option*
|
55 – 58
|
N/A
|
N/A
|
55 - 58
|
N/A
|
N/A
|
59 – 64
|
4.25%
|
3.10%
|
59 – 64
|
3.00%
|
2.75%
|
65 – 69
|
6.75%
|
5.50%
|
65 – 69
|
3.00%
|
2.75%
|
70 – 74
|
7.00%
|
5.75%
|
70 – 74
|
3.00%
|
2.75%
|
75 +
|
7.00%
|
6.00%
|
75 +
|
3.00%
|
2.75%
|
TABLE A
|
TABLE B
|
|||
Age
|
Single Life
Option
|
Joint Life
Option*
|
Age
|
Single Life & Joint Life
Option*
|
55 – 58
|
N/A
|
N/A
|
55 – 58
|
N/A
|
59 – 64
|
5.25%
|
3.00%
|
59+
|
3.00%
|
65 – 69
|
6.50%
|
5.50%
|
|
|
70 – 74
|
6.75%
|
5.75%
|
|
|
75 +
|
7.00%
|
6.00%
|
|
|
TABLE A
|
TABLE B
|
|||
Age
|
Single Life
Option
|
Joint Life
Option*
|
Age
|
Single Life & Joint Life
Option*
|
55 – 58
|
N/A
|
N/A
|
55 – 58
|
N/A
|
TABLE A
|
TABLE B
|
|||
Age
|
Single Life
Option
|
Joint Life
Option*
|
Age
|
Single Life & Joint Life
Option*
|
59 – 64
|
5.25%
|
3.00%
|
59+
|
3.00%
|
65 – 69
|
6.25%
|
5.75%
|
|
|
70 – 74
|
6.50%
|
6.00%
|
|
|
75 +
|
6.75%
|
6.25%
|
|
|
TABLE A
|
TABLE B
|
|||
Age
|
Single Life
Option
|
Joint Life
Option*
|
Age
|
Single Life & Joint Life
Option*
|
55 – 58
|
4.50%
|
4.00%
|
55+
|
3.00%
|
59 – 64
|
5.50%
|
5.00%
|
|
|
65 – 69
|
6.50%
|
6.00%
|
|
|
70 – 74
|
6.75%
|
6.25%
|
|
|
75 +
|
7.00%
|
6.50%
|
|
|
TABLE A
|
TABLE B
|
|||
Age
|
Single Life
Option
|
Joint Life
Option*
|
Age
|
Single Life
|
70+
|
6.25%
|
N/A%
|
70+
|
5.00%
|
TABLE A
|
TABLE B
|
|||
Age
|
Single Life
Option
|
Joint Life
Option*
|
Age
|
Single Life & Joint Life
Option
|
70+
|
7.00%
|
N/A
|
70+
|
4.00%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
Under age 40
|
2.15%
|
Under age 40
|
2.15%
|
40 – 54
|
2.50%
|
40 – 54
|
2.25%
|
55 – 58
|
2.50%
|
55 – 58
|
2.25%
|
59 – 64
|
3.25%
|
59 – 64
|
2.75%
|
65 – 69
|
4.25%
|
65 – 69
|
3.25%
|
70 – 74
|
4.50%
|
70 – 74
|
3.75%
|
75 – 79
|
4.75%
|
75 – 79
|
4.00%
|
80+
|
4.75%
|
80+
|
4.25%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
Under age 40
|
2.00%
|
Under age 40
|
2.00%
|
40 – 54
|
2.25%
|
40 – 54
|
2.00%
|
55 – 58
|
2.25%
|
55 – 58
|
2.00%
|
59 – 64
|
3.00%
|
59 – 64
|
2.50%
|
65 – 69
|
3.75%
|
65 – 69
|
2.75%
|
70 – 74
|
4.00%
|
70 – 74
|
3.25%
|
75 – 79
|
4.25%
|
75 – 79
|
3.50%
|
80+
|
4.25%
|
80+
|
3.75%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
Under age 40
|
2.00%
|
Under age 40
|
2.00%
|
40 – 54
|
2.25%
|
40 – 54
|
2.00%
|
55 – 58
|
2.25%
|
55 – 58
|
2.00%
|
59 – 64
|
3.25%
|
59 – 64
|
2.50%
|
65 – 69
|
4.00%
|
65 – 69
|
2.75%
|
70 – 74
|
4.25%
|
70 – 74
|
3.25%
|
75 – 79
|
4.50%
|
75 – 79
|
3.50%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
80+
|
4.50%
|
80+
|
3.75%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
Under age 40
|
2.50%
|
Under age 40
|
2.50%
|
40 – 54
|
3.00%
|
40 – 54
|
2.75%
|
55 – 58
|
3.25%
|
55 – 58
|
3.00%
|
59 – 64
|
3.75%
|
59 – 64
|
3.50%
|
65 – 69
|
4.25%
|
65 – 69
|
4.00%
|
70 – 74
|
5.00%
|
70 – 74
|
4.25%
|
75 – 79
|
5.00%
|
75 – 79
|
4.75%
|
80+
|
5.25%
|
80+
|
5.00%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
Under age 40
|
2.50%
|
Under age 40
|
2.50%
|
40 – 54
|
3.00%
|
40 – 54
|
3.00%
|
55 – 58
|
3.50%
|
55 – 58
|
3.50%
|
59 – 64
|
4.00%
|
59 – 69
|
4.00%
|
65 – 69
|
4.50%
|
70 – 74
|
4.50%
|
70 – 79
|
5.00%
|
75 – 79
|
5.00%
|
80+
|
5.50%
|
80+
|
5.50%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
Under age 40
|
2.25%
|
Under age 40
|
2.25%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
40 – 54
|
2.75%
|
40 – 54
|
2.50%
|
55 – 58
|
3.00%
|
55 – 58
|
2.75%
|
59 – 64
|
3.75%
|
59 – 64
|
3.25%
|
65 – 69
|
4.75%
|
65 – 69
|
4.00%
|
70 – 74
|
5.25%
|
70 – 74
|
4.25%
|
75 – 79
|
5.50%
|
75 – 79
|
4.50%
|
80+
|
5.50%
|
80+
|
4.75%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
Under age 40
|
2.00%
|
Under age 40
|
2.00%
|
40 – 54
|
2.50%
|
40 – 54
|
2.20%
|
55 – 58
|
2.50%
|
55 – 58
|
2.20%
|
59 – 64
|
3.25%
|
59 – 64
|
2.75%
|
65 – 69
|
4.25%
|
65 – 69
|
3.50%
|
70 – 74
|
4.75%
|
70 – 74
|
3.75%
|
75 – 79
|
5.00%
|
75 – 79
|
4.00%
|
80+
|
5.00%
|
80+
|
4.25%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
Under age 40
|
2.00%
|
Under age 40
|
2.00%
|
40 – 54
|
2.50%
|
40 – 54
|
2.20%
|
55 – 58
|
2.50%
|
55 – 58
|
2.20%
|
59 – 64
|
3.25%
|
59 – 64
|
2.75%
|
65 – 69
|
4.00%
|
65 – 69
|
3.25%
|
70 – 74
|
4.50%
|
70 – 74
|
3.50%
|
75 – 79
|
4.50%
|
75 – 79
|
3.75%
|
80+
|
4.50%
|
80+
|
4.00%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
Under age 40
|
2.00%
|
Under age 40
|
2.00%
|
40 – 54
|
2.50%
|
40 – 54
|
2.20%
|
55 – 58
|
2.50%
|
55 – 58
|
2.20%
|
59 – 64
|
3.50%
|
59 – 64
|
2.75%
|
65 – 69
|
4.25%
|
65 – 69
|
3.25%
|
70 – 74
|
4.75%
|
70 – 74
|
3.50%
|
75 – 79
|
4.75%
|
75 – 79
|
3.75%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
80+
|
4.75%
|
80+
|
4.00%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
Under age 40
|
2.50%
|
Under age 40
|
2.50%
|
40 – 54
|
3.00%
|
40 – 54
|
3.00%
|
55 – 58
|
3.50%
|
55 – 58
|
3.25%
|
59 – 64
|
4.00%
|
59 – 64
|
3.75%
|
65 – 69
|
5.00%
|
65 – 69
|
4.25%
|
70 – 74
|
5.25%
|
70 – 74
|
4.50%
|
75 – 79
|
5.50%
|
75 – 79
|
5.00%
|
80+
|
5.50%
|
80+
|
5.25%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Percentage of Account
Value or Protected Income Base*
|
Age
(younger of you and
your spouse’s age)
|
Percentage of Account
Value or Protected Income Base*
|
Under age 40
|
2.50%
|
Under age 40
|
2.50%
|
40 – 54
|
3.00%
|
40 – 54
|
2.75%
|
55 – 58
|
3.25%
|
55 – 58
|
3.00%
|
59 – 64
|
3.75%
|
59 – 64
|
3.50%
|
65 – 69
|
4.25%
|
65 – 69
|
4.00%
|
70 – 74
|
5.00%
|
70 – 74
|
4.25%
|
75 – 79
|
5.00%
|
75 – 79
|
4.75%
|
80+
|
5.25%
|
80+
|
5.00%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
Under age 40
|
2.50%
|
Under age 40
|
2.50%
|
40 – 54
|
3.00%
|
40 – 54
|
3.00%
|
55 – 58
|
3.50%
|
55 – 58
|
3.50%
|
59 – 64
|
4.00%
|
59 – 64
|
4.00%
|
65 – 69
|
5.00%
|
65 – 69
|
4.50%
|
70 – 74
|
5.25%
|
70 – 74
|
5.00%
|
75 – 79
|
5.50%
|
75 – 79
|
5.25%
|
80+
|
5.50%
|
80+
|
5.50%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
Percentage of Account
Value or Protected Income Base*
|
Age
(younger of you and
your spouse’s age)
|
Percentage of Account
Value or Protected Income Base*
|
Under age 40
|
2.50%
|
Under age 40
|
2.50%
|
40 – 54
|
3.00%
|
40 – 54
|
3.00%
|
55 – 58
|
3.50%
|
55 – 58
|
3.50%
|
59 – 64
|
4.00%
|
59 – 69
|
4.00%
|
65 – 69
|
4.50%
|
70 – 74
|
4.50%
|
70 – 79
|
5.00%
|
75 – 79
|
5.00%
|
80+
|
5.50%
|
80+
|
5.50%
|
Single Life Option
|
Joint Life Option**
|
||
Age
|
Percentage of Account
Value, Protected Income Base or
Guaranteed Amount*
|
Age
(younger of you and
your spouse’s age)
|
Percentage of Account
Value, Protected Income Base or
Guaranteed Amount*
|
Under age 40
|
2.00%
|
Under age 40
|
2.00%
|
40 – 54
|
2.50%
|
40 – 54
|
2.50%
|
55 – 58
|
3.00%
|
55 – 58
|
3.00%
|
59 - 64
|
3.50%
|
59 – 69
|
3.50%
|
65 – 69
|
4.00%
|
70 – 74
|
4.00%
|
70 – 74
|
4.50%
|
75+
|
4.50%
|
75+
|
5.00%
|
|
|
Single & Joint Life Option*
|
Single & Joint Life Option*
|
Age
|
Percentage of Account
Value or Protected Income Base**
|
Under age 40
|
2.50%
|
40 – 54
|
3.00%
|
55 – 58
|
3.50%
|
59 – 64
|
4.00%
|
65 – 69
|
4.50%
|
70 – 79
|
5.00%
|
80+
|
5.50%
|
Single & Joint Life Option*
|
Single & Joint Life Option*
|
Age
|
Percentage of Account Value,
Protected Income Base or Guaranteed Amount**
|
Under age 40
|
2.00%
|
Single & Joint Life Option*
|
Single & Joint Life Option*
|
Age
|
Percentage of Account Value,
Protected Income Base or Guaranteed Amount**
|
40 – 54
|
2.50%
|
55 – 58
|
3.00%
|
59 – 64
|
3.50%
|
65 – 69
|
4.00%
|
70 – 74
|
4.50%
|
75+
|
5.00%
|
Single & Joint Life Option*
|
Single & Joint Life Option*
|
Age
|
Percentage of Account Value,
Protected Income Base or Guaranteed Amount**
|
Under age 40
|
2.50%
|
40 – 54
|
3.00%
|
55 – 58
|
3.50%
|
59 – 64
|
4.00%
|
65 – 69
|
4.50%
|
70 – 79
|
5.00%
|
80+
|
5.50%
|
If your rider was purchased:
|
The Enhancement is…
|
The Enhancement is…
|
Prior to April 30, 2024
|
Equal to the Enhancement Value (initial Enhancement
Value = Protected Income Base, and is increased by
Enhancement Base x Enhancement Rate)
|
6%
|
If your rider was purchased:
|
The Enhancement is based on the…
|
…multiplied by the
Enhancement Rate of…
|
On or after July 18, 2022, but prior to December 18,
2023
|
Enhancement Base
|
6%
|
On or after May 18, 2020, but prior to July 18, 2022
|
Enhancement Base
|
5%
|
On or after February 20, 2018 (April 2, 2018, if your
rider was elected after the contract issue date), but prior
to May 18, 2020, subject to state availability
|
Enhancement Base
|
6%
|
Prior to February 20, 2018 (April 2, 2018, if your rider
was elected after the contract issue date)
|
Protected Income Base
|
5%
|
If your rider was purchased:
|
The Enhancement is based on the…
|
…multiplied by the
Enhancement Rate of…
|
On or after July 18, 2022, but prior to December 18,
2023
|
Enhancement Base
|
6%
|
On or after May 18, 2020, but prior to July 18, 2022
|
Enhancement Base
|
5%
|
On or after February 20, 2018 (April 2, 2018 if your rider
was elected after the contract issue date) but prior to
May 18, 2020, subject to state availability
|
Enhancement Base
|
6%
|
Between August 29, 2016 (October 3, 2016 if your rider
was elected after the contract issue date) and February
20, 2018 (April 2, 2018 if your rider was elected after
the contract issue date)
|
Protected Income Base
|
5%
|
Prior to August 29, 2016 (October 3, 2016, if your rider
was elected after the contract issue date)
|
N/A
|
N/A
|
If your rider was purchased:
|
The Enhancement is based on the…
|
…multiplied by the
Enhancement Rate of…
|
On or after July 18, 2022, but prior to December 18,
2023
|
Enhancement Base
|
6%
|
On or after May 18, 2020, but prior to July 18, 2022
|
Enhancement Base
|
5%
|
Prior to May 18, 2020
|
Enhancement Base
|
6%
|
If your rider was purchased:
|
The Enhancement is based on the…
|
…multiplied by the
Enhancement Rate of…
|
On or after November 28, 2022, but prior to April 30,
2024
|
Equal to the Enhancement Value (initial Enhancement
Value = Protected Income Base, and is increased by
Enhancement Base x Enhancement Rate)
|
6%
|
On or after August 22, 2022, but prior to November 28,
2022
|
Enhancement Base
|
6%
|
On or after May 18, 2020, but prior to August 22, 2022
|
Enhancement Base
|
5%
|
On or after June 11, 2018, but prior to May 18, 2020,
subject to state availability
|
Enhancement Base
|
6%
|
Prior to June 11, 2018
|
Protected Income Base
|
5%
|
|
Single
Life
|
Joint
Life
|
Riders elected between November 28, 2022 and April 30, 2024
|
1.50%
|
1.60%
|
|
Single
Life
|
Joint
Life
|
Riders elected between December 14, 2020 and December 18, 2023
|
1.50%
|
1.60%
|
Riders elected on or after May 21, 2018 and on or prior to December 13, 2020
|
1.25%
|
1.50%
|
|
Single
Life
|
Joint
Life
|
Riders elected between December 14, 2020 and December 18, 2023
|
1.50%
|
1.60%
|
Riders elected on or prior to December 13, 2020
|
1.25%
|
1.50%
|
|
Single
Life
|
Joint
Life
|
Riders elected between December 14, 2020 and December 18, 2023
|
1.50%
|
1.60%
|
Riders elected on or after August 29, 2016 (October 3, 2016 for existing Contractowners)
and on or prior to
December 13, 2020
|
1.25%
|
1.50%
|
|
Single
Life
|
Joint
Life
|
Riders elected between December 14, 2020 and April 30, 2024
|
1.50%
|
1.60%
|
Riders elected on or prior to December 13, 2020
|
1.25%
|
1.50%
|
|
Single
Life
|
Joint
Life
|
i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) riders elected on or after December
14,
2020
|
1.35%
|
1.55%
|
|
|
|
i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) riders elected on or after May
21, 2018 and
prior to December 14, 2020
|
0.95%
|
1.15%
|
|
|
|
|
|
|
|
|
|
|
Single
Life
|
Joint
Life
|
i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) for Lincoln Lifetime IncomeSM Advantage 2.0
(Managed Risk) riders elected between December 14, 2020 and December 18, 2023
|
1.50%
|
1.60%
|
|
|
|
i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) for Lincoln Lifetime IncomeSM Advantage 2.0
(Managed Risk) riders elected on or after May 21, 2018 and on or prior to December
13, 2020
|
1.25%
|
1.50%
|
|
|
|
i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) for Lincoln Lifetime IncomeSM Advantage 2.0
(Managed Risk) riders elected prior to May 21, 2018 and for all 4LATER® Advantage (Managed Risk) riders
|
1.05%
|
1.25%
|
|
Single
Life
|
Joint
Life
|
i4LIFE® Advantage Select Guaranteed Income Benefit for Lincoln Market Select® Advantage riders elected
between December 14, 2020 and December 18, 2023 and 4LATER® Select Advantage riders elected between
December 14, 2020 and April 30, 2024
|
1.50%
|
1.60%
|
|
|
|
i4LIFE® Advantage Select Guaranteed Income Benefit for Lincoln Market Select® Advantage riders elected on
or after August 29, 2016 (October 3, 2016 for existing Contractowners) and on or prior
to December 13,
2020 and 4LATER® Select Advantage riders on or prior to December 13, 2020
|
1.25%
|
1.50%
|
|
|
|
i4LIFE® Advantage Guaranteed Income Benefit (version 4) for Lincoln Market Select® Advantage riders
elected prior to August 29, 2016 (October 3, 2016 for existing Contractowners)
|
0.95%
|
1.15%
|
Contents
|
Page
|
B-2
|
|
B-2
|
|
B-2
|
|
B-2
|
|
B-3
|
|
B-3
|
|
B-3
|
|
B-3
|
|
B-4
|
Contents
|
Page
|
B-4
|
|
B-4
|
|
B-5
|
|
B-5
|
|
B-5
|
|
B-6
|
|
B-6
|
|
B-6
|
|
B-7
|
Name
|
Positions and Offices with Depositor
|
Craig T. Beazer*
|
Executive Vice President, General Counsel and Director
|
Jayson R. Bronchetti*
|
Executive Vice President, Chief Investment Officer and Director
|
Adam M. Cohen*
|
Senior Vice President, Chief Accounting Officer and Treasurer
|
Ellen G. Cooper*
|
President and Director
|
Stephen B. Harris*
|
Senior Vice President and Chief Ethics and Compliance Officer
|
Christopher M. Neczypor*
|
Executive Vice President, Chief Financial Officer and Director
|
Nancy A. Smith*
|
Senior Vice President and Secretary
|
Joseph D. Spada**
|
Vice President and Chief Compliance Officer for Separate Accounts
|
Eric B. Wilmer***
|
Assistant Vice President and Director
|
Name
|
Positions and Offices with Underwriter
|
Adam M. Cohen*
|
Senior Vice President and Treasurer
|
Jason M. Gibson**
|
Vice President and Chief Compliance Officer
|
Claire H. Hanna*
|
Secretary
|
John C. Kennedy*
|
President, Chief Executive Officer and Director
|
Jared M. Nepa*
|
Senior Vice President and Director
|
Thomas P. O'Neill*
|
Senior Vice President, Chief Operating Officer and Head of Financial
Institutions Group
|
Timothy J. Seifert Sr*
|
Senior Vice President and Director
|
SIGNATURES
(a) | As required by the Securities Act of 1933 and the Investment Company Act of 1940, each Registrant certifies that it meets the requirements of Securities Act Rule 485(b) for effectiveness of these registration statements and has caused these Post-Effective Amendments to the registration statements to be signed on its behalf, in the City of Fort Wayne, and the State of Indiana on this 10th day of April, 2024 at 3:21 pm. |
Lincoln National Variable Annuity Account E
Lincoln National Variable Annuity Account H
Lincoln Life Variable Annuity Account N
(Registrants)
By: | /s/ Daniel P. Herr | |
Daniel P. Herr | ||
Senior Vice President, The Lincoln National Life Insurance Company |
Signed on its behalf, in the City of Hartford, and the State of Connecticut on this 10th day of April, 2024 at 2:32 pm.
The Lincoln National Life Insurance Company
(Depositor)
By: | /s/ Michelle L. Grindle | |
Michelle L. Grindle | ||
(Signature-Officer of Depositor) | ||
Vice President, The Lincoln National Life Insurance Company |
Lincoln National Variable Annuity Account E (File No. 811-04882; CIK: 0000804223)
033-26032 (Amendment No. 78)
Lincoln National Variable Annuity Account H (File No. 811-05721; CIK: 0000847552)
033-27783 (Amendment No. 77) | 333-63505 (Amendment No. 86) | 333-181615 (Amendment No. 43) | ||
333-18419 (Amendment No. 80) | 333-135219 (Amendment No. 59) | 333-212681 (Amendment No. 23) | ||
333-35780 (Amendment No. 60) | 333-170695 (Amendment No. 53) | 333-233762 (Amendment No. 10) | ||
333-35784 (Amendment No. 75) | 333-175888 (Amendment No. 29) | 333-233764 (Amendment No. 16) | ||
333-61592 (Amendment No. 77) |
Lincoln Life Variable Annuity Account N (File No. 811-08517; CIK: 0001048606)
333-36316 (Amendment No. 98) | 333-172328 (Amendment No. 47) | 333-214143 (Amendment No. 28) | ||
333-36304 (Amendment No. 86) | 333-174367 (Amendment No. 35) | 333-214144 (Amendment No. 17) | ||
333-40937 (Amendment No. 92) | 333-181612 (Amendment No. 41) | 333-214235 (Amendment No. 16) | ||
333-61554 (Amendment No. 92) | 333-186894 (Amendment No. 44) | 333-236907 (Amendment No. 12) | ||
333-135039 (Amendment No. 59) | 333-193272 (Amendment No. 31) | 333-239288 (Amendment No. 9) | ||
333-138190 (Amendment No. 70) | 333-193273 (Amendment No. 23) | 333-252473 (Amendment No. 17) | ||
333-149434 (Amendment No. 42) | 333-193274 (Amendment No. 20) | 333-252653 (Amendment No. 12) | ||
333-170529 (Amendment No. 44) | 333-212680 (Amendment No. 26) | 333-252654 (Amendment No. 12) | ||
333-170897 (Amendment No. 48) | 333-212682 (Amendment No. 19) |
(b) | As required by the Securities Act of 1933, these Amendments to the registration statements have been signed by the following persons in their capacities indicated on April 10, 2024 at 3:21 pm. |
Signature | Title | |
*/s/ Ellen G. Cooper | President and Director | |
Ellen G. Cooper | (Principal Executive Officer) | |
*/s/ Christopher M. Neczypor | Executive Vice President, Chief Financial Officer, and Director | |
Christopher M. Neczypor | ||
*/s/ Craig T. Beazer | Executive Vice President and Director | |
Craig T. Beazer | ||
*/s/ Jayson R. Bronchetti | Executive Vice President, Chief Investment Officer, and Director | |
Jayson R. Bronchetti | ||
*/s/ Adam M. Cohen | Senior Vice President and Chief Accounting Officer | |
Adam M. Cohen | (Principal Accounting Officer) | |
*/s/ Eric B. Wilmer | Assistant Vice President and Director | |
Eric B. Wilmer |
* By | /s/ Daniel P. Herr, Pursuant to a Power of Attorney | |
Daniel P. Herr |