Prospectus 1
|
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
|
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5
|
|
7
|
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10
|
|
13
|
|
15
|
|
17
|
|
24
|
|
25
|
|
26
|
|
27
|
|
30
|
|
31
|
|
36
|
|
40
|
|
41
|
|
48
|
|
53
|
|
57
|
|
64
|
|
65
|
|
68
|
|
69
|
|
75
|
|
75
|
|
76
|
|
76
|
|
76
|
|
76
|
|
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 4th
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
|
1.62%1
|
1.62%1
|
|
|
Base Contract – Enhanced Guaranteed
Minimum Death Benefit
|
1.72%1
|
1.72%1
|
|
|
Base Contract - 5% Step-up Death Benefit
|
1.87%1
|
1.87%1
|
|
|
Base Contract – Estate Enhancement
Benefit
|
1.92%1
|
1.92%1
|
|
|
Base Contract – Estate Enhancement
Benefit with 5% Step-up Death Benefit
|
1.97%1
|
1.97%1
|
|
|
Investment options (fund fees and
expenses)
|
0.27%1
|
4.08%1
|
|
|
Optional benefits available for an
additional charge (for a single optional
benefit, if elected)
|
0.40%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.
|
|
|
FEES AND EXPENSES
|
Location in
Prospectus
|
||
|
Lowest Annual Cost: $2,191
|
Highest Annual Cost: $8,330
|
|
|
|
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-
888-868-2583 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
|
|
RESTRICTIONS
|
Location in
Prospectus
|
||
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
Death Benefits
and 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%
|
We may also apply an Interest Adjustment to amounts being withdrawn, surrendered or
transferred from a Guaranteed
Period account (except for dollar cost averaging, cross-reinvestment, withdrawals
up to the Maximum Annual
Withdrawal amount under Lincoln SmartSecurity® Advantage and Regular Income Payments under i4LIFE® Advantage).
See Fixed Side of the Contract.
|
|
Administrative Expense (Annual Account Fee):1
|
|
$35
|
|
|
|
Base Contract Expenses (as a percentage of average Account Value in the Subaccounts)2
|
|
|
Guarantee of Principal Death Benefit
|
|
1.60%
|
Enhanced Guaranteed Minimum Death Benefit (EGMDB)
|
|
1.70%
|
5% Step-up Death Benefit
|
|
1.85%
|
Estate Enhancement Benefit Rider (EEB) without 5% Step-up
|
|
1.90%
|
Estate Enhancement Benefit Rider (EEB) in Combination with 5% Step-up
|
|
1.95%
|
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 or 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: 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%
|
2.45%
|
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
|
0.40%
|
0.40%
|
i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) riders purchased 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 purchased 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%
|
1.15%
|
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.
|
0.27
%
|
4.08
%
|
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
|
0.25
%
|
1.58
%
|
1 year
|
3 years
|
5 years
|
10 years
|
$14,687
|
$29,925
|
$42,836
|
$83,298
|
1 year
|
3 years
|
5 years
|
10 years
|
$8,687
|
$25,925
|
$42,836
|
$83,298
|
1 year
|
3 years
|
5 years
|
10 years
|
$14,472
|
$28,571
|
$39,515
|
$72,351
|
1 year
|
3 years
|
5 years
|
10 years
|
$8,472
|
$24,571
|
$39,515
|
$72,351
|
|
Estate Enhancement
Benefit rider (EEB)
in combination
with 5% Step-up
|
Estate Enhancement
Benefit rider (EEB)
without 5%
Step-up
|
5% Step-up
Death Benefit
|
Enhanced
Guaranteed
Minimum Death
Benefit (EGMDB)
|
Guarantee of
Principal Death
Benefit (GOP)
|
Mortality and expense risk charge
|
1.80
%
|
1.75
%
|
1.70
%
|
1.55
%
|
1.45
%
|
Administrative charge
|
0.15
%
|
0.15
%
|
0.15
%
|
0.15
%
|
0.15
%
|
Total base contract expenses
|
1.95
%
|
1.90
%
|
1.85
%
|
1.70
%
|
1.60
%
|
|
Number of contract anniversaries since
Purchase Payment was invested
|
||||
|
0
|
1
|
2
|
3
|
4+
|
Surrender charge as a percentage of the surrendered or
withdrawn Purchase Payments
|
6
%
|
5
%
|
4
%
|
3
%
|
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
|
Standard Benefits
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
Guarantee of Principal
Death Benefit
|
Provides a Death Benefit equal to the
greatest of (1) Contract Value; (2) all
Purchase Payments, adjusted for
withdrawals.
|
•1.60%
|
•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.
|
•1.70%
|
•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.
|
Standard Benefits
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
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.
|
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:
0.40% 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
|
5% Step-up Death
Benefit
|
Provides a Death Benefit equal to the
greatest of (1) Contract Value; (2) all
Purchase Payments; (3) the highest
Contract Value on any contract anniversary
prior to age 81 as adjusted for withdrawals;
(4) Purchase Payments and withdrawals are
accumulated at an annual rate of 5% from
the date of the transaction to the earlier of
the date of death of the deceased person or
the contract anniversary immediately
preceding the deceased person’s 81st
birthday.
|
•1.85%
|
•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.
•Each transaction is accumulated
separately to a maximum of 200% of the
transaction.
|
Estate Enhancement
Benefit Rider
|
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
(decreased proportionately by subsequent
withdrawals); (4) current Contract Value
plus an amount based on earnings under the
Contract.
|
•1.90% (without 5%
Step-up)
•1.95% (with 5%
Step-up)
|
•If there are no contract earnings, the
calculations of the Death Benefit using
contract earnings will not be available.
•Withdrawals could significantly reduce
the benefit.
|
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.
|
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.
|
Optional Benefits – No Longer Available for Election1
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
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.
|
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.
|
Optional Benefits – No Longer Available for Election1
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
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.
|
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.
|
Optional Benefits – No Longer Available for Election1
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
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.
|
upon death of:
|
and...
|
and...
|
Death Benefit proceeds pass to:
|
Contractowner
|
There is a surviving joint owner
|
The Annuitant is living or deceased
|
Joint owner
|
Contractowner
|
There is no surviving joint owner
|
The Annuitant is living or deceased
|
Designated Beneficiary
|
Contractowner
|
There is no surviving joint owner
and the Beneficiary predeceases the
Contractowner
|
The Annuitant is living or deceased
|
Contractowner's estate
|
Annuitant
|
The Contractowner is living
|
There is no contingent Annuitant
|
The youngest Contractowner
becomes the contingent Annuitant
and the Contract continues. The
Contractowner may waive* this
continuation and receive the Death
Benefit proceeds.
|
Annuitant
|
The Contractowner is living
|
The contingent Annuitant is living
|
Contingent Annuitant becomes the
Annuitant and the Contract
continues
|
Annuitant
|
The Contractowner is a trust or
other non-natural person**
|
No contingent Annuitant allowed
with non-natural Contractowner
|
Designated Beneficiary
|
7/3/24 Initial Deposit / Contract Value
|
$10,000
|
7/3/28 Contract Value
|
$25,000
|
7/3/29 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
•4LATER® Advantage (Managed Risk)
•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® Advantage Guarantee of Principal Death Benefit
|
$200,000
|
|
Regular Income Payment
|
$25,000
|
|
Account Value at the time of additional withdrawal
|
$150,000
|
|
Additional withdrawal
|
$15,000
|
($15,000/$150,000=10% withdrawal)
|
|
|
|
Death Benefit Value after Regular Income Payment = $200,000 - $25,000 = $175,000
|
||
Reduction in Death Benefit value for withdrawal = $175,000 x 10% = $17,500
|
||
Death Benefit Value after additional withdrawal = $175,000 - $17,500 = $157,500
|
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
|
(1+A)n
|
–1
|
(1+B+K)n
|
where:
|
||
A
|
=
|
yield rate for a U.S. Treasury security with time to maturity equal to the Subaccount’s Guaranteed Period, determined at
the beginning of the Guaranteed Period.
|
B
|
=
|
yield rate for a U.S. Treasury security with time to maturity equal to the time remaining
in the Guaranteed Period if greater
than one year, determined at the time of surrender, withdrawal or transfer. For remaining
periods of one year or less, the
yield rate for a one year U.S. Treasury security is used.
|
K
|
=
|
a 0.25% adjustment (unless otherwise limited by applicable state law). This adjustment
builds into the formula a factor
representing direct and indirect costs to us associated with liquidating general account
assets in order to satisfy
surrender requests. This adjustment of 0.25% has been added to the denominator of
the formula because it is anticipated
that a substantial portion of applicable general account portfolio assets will be
in relatively illiquid securities. Thus, in
addition to direct transaction costs, if such securities must be sold (e.g., because
of surrenders), the market price may be
lower. Accordingly, even if interest rates decline, there will not be a positive adjustment
until this factor is overcome, and
then any adjustment will be lower than otherwise, to compensate for this factor. Similarly,
if interest rates rise, any
negative adjustment will be greater than otherwise, to compensate for this factor.
If interest rates stay the same, there will
be no Interest Adjustment.
|
n
|
=
|
The number of years remaining in the Guaranteed Period (e.g., 1 year and 73 days =
1 + (73 divided by 365) = 1.2 years).
|
|
|
Straight-Line interpolation is used for periods to maturity not quoted.
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term growth of capital.
|
AB VPS Discovery Value Portfolio -
Class B
advised by AllianceBernstein L.P.
|
1.06%
|
16.86%
|
10.51%
|
7.29%
|
Long-term growth of capital.
|
AB VPS Large Cap Growth Portfolio -
Class B
advised by AllianceBernstein L.P.
This fund is not offered in contracts
issued on or after June 6, 2005.
|
0.91%2
|
34.78%
|
17.56%
|
14.60%
|
Long-term growth of capital.
|
AB VPS Sustainable Global Thematic
Portfolio - Class B
advised by AllianceBernstein L.P.
|
1.17%2
|
15.70%
|
13.27%
|
9.33%
|
Long-term growth of capital.
|
American Funds Global Growth Fund -
Class 2
|
0.66%2
|
22.60%
|
13.65%
|
9.58%
|
Long-term capital growth.
|
American Funds Global Small
Capitalization Fund - Class 2
|
0.91%2
|
16.17%
|
8.31%
|
5.78%
|
Growth of capital.
|
American Funds Growth Fund - Class 2
|
0.59%
|
38.49%
|
18.68%
|
14.36%
|
Long-term growth of capital and income.
|
American Funds Growth-Income Fund -
Class 2
|
0.53%
|
26.14%
|
13.36%
|
10.91%
|
Long-term growth of capital.
|
American Funds International Fund -
Class 2
|
0.78%
|
15.84%
|
4.83%
|
3.41%
|
Long-term growth of capital.
|
ClearBridge Variable Large Cap Growth
Portfolio - Class II
advised by Legg Mason Partners Fund
Advisor, LLC
|
1.01%
|
43.66%
|
15.22%
|
N/A
|
Long-term growth of capital.
|
ClearBridge Variable Mid Cap Portfolio -
Class II
advised by Legg Mason Partners Fund
Advisor, LLC
|
1.08%
|
12.62%
|
10.46%
|
6.83%
|
Capital Appreciation. A fund of funds.
|
DWS Alternative Asset Allocation VIP
Portfolio - Class B
advised by DWS Investment
Management Americas, Inc.
|
1.21%
|
5.67%
|
5.70%
|
2.63%
|
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 replicate, as closely as possible,
before the deduction of expenses, the
performance of the Standard & Poor's
500 Composite Stock Price Index (the
“S&P 500( (Reg. TM)) Index”), which
emphasizes stocks of large US
companies.
|
DWS Equity 500 Index VIP Portfolio -
Class A
advised by DWS Investment
Management Americas, Inc.
|
0.25%2
|
26.00%
|
15.40%
|
11.74%
|
To replicate, as closely as possible,
before the deduction of expenses, the
performance of the Russell 2000((Reg.
TM)) Index, which emphasizes stocks of
small US companies.
|
DWS Small Cap Index VIP Portfolio -
Class A
advised by DWS Investment
Management Americas, Inc.
|
0.38%2
|
16.76%
|
9.67%
|
6.89%
|
Income and capital growth consistent
with reasonable risk.
|
Fidelity® VIP Balanced Portfolio -
Service Class 2
|
0.69%
|
21.29%
|
12.16%
|
8.81%
|
Long-term capital appreciation.
|
Fidelity® VIP Contrafund® Portfolio -
Service Class 2
|
0.81%
|
33.12%
|
16.36%
|
11.33%
|
High total return. A fund of funds.
|
Fidelity® VIP FundsManager® 50%
Portfolio - Service Class 2, †
|
0.85%2
|
12.65%
|
7.36%
|
5.35%
|
To achieve capital appreciation.
|
Fidelity® VIP Growth Portfolio - Service
Class 2
|
0.83%
|
35.89%
|
19.34%
|
14.51%
|
Long-term growth of capital.
|
Fidelity® VIP Mid Cap Portfolio - Service
Class 2
|
0.82%
|
14.80%
|
12.17%
|
7.85%
|
To provide long-term capital
appreciation.
|
First Trust Capital Strength Hedged
Equity Portfolio – Class I
|
1.25%2
|
N/A
|
N/A
|
N/A
|
To provide capital appreciation.
|
First Trust Capital Strength Portfolio –
Class I
|
1.10%2
|
7.75%
|
N/A
|
N/A
|
To provide long-term capital
appreciation.
|
First Trust Growth Strength Portfolio –
Class I
|
1.20%2
|
N/A
|
N/A
|
N/A
|
To provide capital appreciation.
|
First Trust International Developed
Capital Strength Portfolio – Class I
|
1.20%2
|
16.90%
|
N/A
|
N/A
|
To provide total return by allocating
among dividend-paying stocks and
investment grade bonds.
|
First Trust/Dow Jones Dividend &
Income Allocation Portfolio - Class I6, †
|
1.19%
|
10.51%
|
7.23%
|
6.53%
|
Capital appreciation with income as a
secondary objective.
|
Franklin Allocation VIP Fund - Class 4
|
0.92%2
|
14.62%
|
7.44%
|
4.64%
|
To maximize income while maintaining
prospects for capital appreciation.
|
Franklin Income VIP Fund - Class 2
|
0.71%2
|
8.62%
|
6.98%
|
5.01%
|
Balance of growth of capital and income.
A fund of funds.
|
Franklin Multi-Asset Variable
Conservative Growth - Class II
advised by Legg Mason Partners Fund
Advisor, LLC
|
0.97%
|
14.28%
|
7.10%
|
N/A
|
Capital appreciation; income is a
secondary consideration.
|
Franklin Mutual Shares VIP Fund - Class
2
|
0.93%
|
13.46%
|
7.81%
|
5.43%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Capital growth.
|
Invesco V.I. American Franchise Fund -
Series II Shares
This fund is not offered in contracts
issued on or after May 24, 2004.
|
1.11%
|
40.60%
|
15.88%
|
11.42%
|
Long-term growth of capital.
|
Invesco V.I. Core Equity Fund - Series II
Shares
This fund is not offered in contracts
issued on or after May 24, 2004.
|
1.05%
|
23.08%
|
12.67%
|
7.53%
|
To seek to achieve a high level of total
return on its assets through a
combination of capital appreciation and
current income.
|
Invesco V.I. Equally-Weighted S&P 500
Fund - Series II Shares5, †
|
0.59%
|
13.43%
|
13.17%
|
9.76%
|
Long-term growth of capital.
|
Invesco V.I. EQV International Equity
Fund - Series II Shares
|
1.15%
|
17.86%
|
8.15%
|
4.07%
|
Long-term capital growth, consistent
with preservation of capital and balanced
by current income.
|
Janus Henderson Balanced Portfolio -
Service Shares
This fund is not offered in contracts
issued on or after June 6, 2005.
|
0.87%
|
15.13%
|
9.37%
|
7.73%
|
Long-term growth of capital.
|
Janus Henderson Enterprise Portfolio -
Service Shares
This fund is not offered in contracts
issued on or after June 6, 2005.
|
0.97%
|
17.78%
|
13.14%
|
11.82%
|
Long-term growth of capital.
|
Janus Henderson Global Research
Portfolio - Service Shares
This fund is not offered in contracts
issued on or after May 24, 2004.
|
0.86%
|
26.47%
|
13.05%
|
8.74%
|
Seeks, over a specified annual period
(an “Outcome Period”), to provide
returns that track those of the Invesco
QQQ TrustSM , Series 1 up to a cap,
while providing a buffer against losses.
A fund of funds.
|
Lincoln Hedged Nasdaq-100 Fund -
Service Class
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.20%2
|
36.33%
|
N/A
|
N/A
|
Over a specified annual period (an
“Outcome Period”), to provide returns
that track those of the S&P 500 Price
Return Index (“Index”) up to a cap, while
providing a buffer against losses. A fund
of funds.
|
Lincoln Hedged S&P 500 Conservative
Fund - Service Class4
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.05%2
|
13.00%
|
N/A
|
N/A
|
Over a specified annual period (an
“Outcome Period”), to provide returns
that track those of the S&P 500 Price
Return Index (“Index”) up to a cap, while
providing a buffer against losses. A fund
of funds.
|
Lincoln Hedged S&P 500 Fund - Service
Class4
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.05%2
|
16.63%
|
N/A
|
N/A
|
Seeks, over a specified annual period
(an “Outcome Period”), to provide
returns that track those of the Invesco
QQQ TrustSM , Series 1 up to a cap,
while providing a buffer against losses.
A fund of funds.
|
Lincoln Opportunistic Hedged Equity
Fund - Service Class
|
1.05%2
|
N/A
|
N/A
|
N/A
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term capital growth.
|
LVIP AllianceBernstein Large Cap
Growth Fund - Service Class
(formerly LVIP T. Rowe Price Growth
Stock Fund)
advised by Lincoln Financial Investments
Corporation
|
0.88%2
|
45.95%
|
13.04%
|
11.39%
|
Long-term capital growth and current
income by investing approximately 60%
of its assets in equity securities and the
remainder in bonds and other fixed-
income securities.
|
LVIP American Century Balanced Fund -
Service Class
(formerly American Century VP
Balanced Fund)
advised by Lincoln Financial Investments
Corporation
|
1.02%2
|
16.12%
|
8.20%
|
N/A
|
Capital growth.
|
LVIP American Century Capital
Appreciation Fund - Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.94%2
|
20.55%
|
13.09%
|
N/A
|
Capital growth; income is a secondary
consideration.
|
LVIP American Century Disciplined Core
Value Fund - Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.96%2
|
8.24%
|
9.92%
|
7.92%
|
Long-term total return using a strategy
that seeks to protect against U.S.
inflation.
|
LVIP American Century Inflation
Protection Fund - Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.77%2
|
3.40%
|
2.65%
|
1.90%
|
Capital growth.
|
LVIP American Century International
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.10%2
|
12.43%
|
8.12%
|
3.91%
|
Long-term capital growth, income is
secondary objective.
|
LVIP American Century Large Company
Value Fund - Service Class
(formerly American Century VP Large
Company Value Fund)
advised by Lincoln Financial Investments
Corporation
|
0.85%2
|
3.78%
|
10.37%
|
7.58%
|
Long-term capital growth, income is
secondary objective.
|
LVIP American Century Mid Cap Value
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.01%2
|
6.03%
|
10.90%
|
8.61%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Capital Appreciation.
|
LVIP American Century Select Mid Cap
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.17%2
|
9.13%
|
10.18%
|
N/A
|
Long-term capital growth.
|
LVIP American Century Ultra Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.90%2
|
43.27%
|
19.07%
|
14.47%
|
Long-term capital growth; income is a
secondary consideration.
|
LVIP American Century Value Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.86%2
|
9.02%
|
11.71%
|
8.36%
|
Capital Appreciation.
|
LVIP Baron Growth Opportunities Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.15%2
|
17.81%
|
13.66%
|
9.35%
|
Reasonable income.
|
LVIP BlackRock Dividend Value
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.91%2
|
9.12%
|
9.27%
|
6.16%
|
High total investment return.
|
LVIP BlackRock Global Allocation Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.98%2
|
13.35%
|
N/A
|
N/A
|
Capital Appreciation. A fund of funds.
|
LVIP BlackRock Global Allocation
Managed Risk Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.18%2
|
11.25%
|
4.66%
|
2.44%
|
A balance between current income and
growth of capital, with a greater
emphasis on growth of capital. A fund of
funds.
|
LVIP BlackRock Global Growth ETF
Allocation Managed Risk Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
0.77%2
|
11.29%
|
4.45%
|
N/A
|
To maximize real return, consistent with
preservation of real capital and prudent
investment management.
|
LVIP BlackRock Inflation Protected Bond
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.88%
|
4.81%
|
2.90%
|
1.93%
|
Total return through a combination of
current income and long-term capital
appreciation.
|
LVIP BlackRock Real Estate Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.07%2
|
12.79%
|
4.50%
|
3.59%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
A balance between current income and
growth of capital, with a greater
emphasis on growth of capital. A fund of
funds.
|
LVIP BlackRock U.S. Growth ETF
Allocation Managed Risk Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
0.74%2
|
11.96%
|
5.36%
|
N/A
|
Long-term growth of capital in a manner
consistent with the preservation of
capital.
|
LVIP Blended Large Cap Growth
Managed Volatility Fund - Standard
Class
advised by Lincoln Financial Investments
Corporation
|
0.67%2
|
34.15%
|
13.82%
|
9.28%
|
Capital Appreciation.
|
LVIP Blended Mid Cap Managed
Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.98%2
|
17.46%
|
9.94%
|
6.14%
|
Seeks long-term capital appreciation.
|
LVIP Channing Small Cap Value Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.13%
|
19.65%
|
N/A
|
N/A
|
Capital Appreciation.
|
LVIP ClearBridge Franklin Select Large
Cap Managed Volatility Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
1.01%2
|
22.11%
|
10.71%
|
N/A
|
Long-term capital appreciation.
|
LVIP Dimensional International Core
Equity Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.87%2
|
15.72%
|
7.72%
|
N/A
|
Long-term capital appreciation. A fund
of funds.
|
LVIP Dimensional International Equity
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.01%
|
16.40%
|
5.24%
|
2.03%
|
Long-term capital appreciation.
|
LVIP Dimensional U.S. Core Equity 1
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.75%2
|
22.36%
|
14.59%
|
10.69%
|
Long-term capital appreciation.
|
LVIP Dimensional U.S. Core Equity 2
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.74%
|
21.35%
|
14.45%
|
N/A
|
Long-term capital appreciation. A fund
of funds.
|
LVIP Dimensional U.S. Equity Managed
Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.86%2
|
21.64%
|
12.58%
|
7.75%
|
Capital Appreciation. A fund of funds.
|
LVIP Fidelity Institutional AM® Select
Core Equity Managed Volatility Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.99%2
|
24.81%
|
12.84%
|
8.06%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term capital growth.
|
LVIP Franklin Templeton Global Equity
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.98%2
|
16.95%
|
8.71%
|
4.32%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton Multi-Factor
Emerging Markets Equity Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
0.75%2
|
9.76%
|
2.86%
|
1.34%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton Multi-Factor
International Equity Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.66%2
|
18.62%
|
6.47%
|
4.13%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton Multi-Factor
Large Cap Equity Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.61%2
|
17.09%
|
12.53%
|
9.79%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton Multi-Factor
SMID Cap Equity Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.64%2
|
15.25%
|
11.14%
|
6.89%
|
Capital appreciation. A fund of funds.
|
LVIP Global Aggressive Growth
Allocation Managed Risk Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
1.04%2
|
13.80%
|
5.40%
|
N/A
|
A high level of current income with
some consideration given to growth of
capital. A fund of funds.
|
LVIP Global Conservative Allocation
Managed Risk Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.02%2
|
9.45%
|
3.97%
|
3.26%
|
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 Global Growth Allocation Managed
Risk Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.01%2
|
13.05%
|
4.71%
|
3.46%
|
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 Global Moderate Allocation
Managed Risk Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.00%2
|
11.56%
|
4.30%
|
3.30%
|
Current income while (i)maintaining a
stable value of your shares (providing
stability of net asset value) and (ii)
preserving the value of your initial
investment (preservation of capital).
|
LVIP Government Money Market Fund -
Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.39%2
|
4.75%
|
1.61%
|
0.99%
|
Capital Appreciation.
|
LVIP Invesco Select Equity Income
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.93%2
|
11.79%
|
9.71%
|
N/A
|
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 maximize total return by investing
primarily in a diversified portfolio of
intermediate- and long-term debt
securities.
|
LVIP JPMorgan Core Bond Fund -
Service Class, †
advised by Lincoln Financial Investments
Corporation
|
0.74%
|
5.66%
|
1.04%
|
1.56%
|
A high level of current income; capital
appreciation is the secondary objective.
|
LVIP JPMorgan High Yield Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.93%2
|
11.49%
|
4.69%
|
3.73%
|
Capital appreciation with the secondary
goal of achieving current income by
investing in equity securities.
|
LVIP JPMorgan Mid Cap Value Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.99%
|
N/A
|
N/A
|
N/A
|
Current income and some capital
appreciation. A fund of funds.
|
LVIP JPMorgan Retirement Income Fund
- Service Class
advised by Lincoln Financial Investments
Corporation
|
0.93%2
|
11.32%
|
4.75%
|
3.68%
|
Long-term capital appreciation.
|
LVIP JPMorgan Select Mid Cap Value
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.03%2
|
11.80%
|
8.97%
|
5.35%
|
Capital growth over the long term.
|
LVIP JPMorgan Small Cap Core Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.03%
|
12.80%
|
9.12%
|
6.81%
|
High total return.
|
LVIP JPMorgan U.S. Equity Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.94%
|
26.84%
|
16.86%
|
12.15%
|
Maximum current income (yield)
consistent with a prudent investment
strategy.
|
LVIP Macquarie Bond Fund - Standard
Class3
(formerly LVIP Delaware Bond Fund)
advised by Lincoln Financial Investments
Corporation
|
0.37%
|
5.93%
|
1.50%
|
1.99%
|
Total return.
|
LVIP Macquarie Diversified Floating Rate
Fund - Service Class3
(formerly LVIP Delaware Diversified
Floating Rate Fund)
advised by Lincoln Financial Investments
Corporation
|
0.88%2
|
5.31%
|
2.13%
|
1.43%
|
Maximum long-term total return
consistent with reasonable risk.
|
LVIP Macquarie Diversified Income Fund
- Service Class3
(formerly LVIP Delaware Diversified
Income Fund)
advised by Lincoln Financial Investments
Corporation
|
0.84%2
|
5.94%
|
1.75%
|
1.80%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Total return and, as a secondary
objective, high current income.
|
LVIP Macquarie High Yield Fund -
Service Class3
(formerly LVIP Delaware High Yield
Fund)
advised by Lincoln Financial Investments
Corporation
|
1.04%2
|
12.34%
|
5.19%
|
3.25%
|
Maximum total return, consistent with
reasonable risk.
|
LVIP Macquarie Limited-Term Diversified
Income Fund - Service Class3
(formerly LVIP Delaware Limited-Term
Diversified Income Fund)
advised by Lincoln Financial Investments
Corporation
|
0.83%2
|
4.68%
|
1.56%
|
1.36%
|
To maximize long-term capital
appreciation.
|
LVIP Macquarie Mid Cap Value Fund -
Service Class3
(formerly LVIP Delaware Mid Cap Value
Fund)
advised by Lincoln Financial Investments
Corporation
|
0.78%
|
10.86%
|
11.49%
|
8.24%
|
Long-term capital appreciation.
|
LVIP Macquarie SMID Cap Core Fund -
Service Class3
(formerly LVIP Delaware SMID Cap Core
Fund)
advised by Lincoln Financial Investments
Corporation
|
1.10%2
|
16.10%
|
11.91%
|
8.06%
|
To maximize long-term capital
appreciation.
|
LVIP Macquarie Social Awareness Fund -
Standard Class3
(formerly LVIP Delaware Social
Awareness Fund)
advised by Lincoln Financial Investments
Corporation
|
0.45%
|
30.17%
|
15.86%
|
11.32%
|
Long-term capital appreciation.
|
LVIP Macquarie U.S. Growth Fund -
Service Class3
(formerly LVIP Delaware U.S. Growth
Fund)
advised by Lincoln Financial Investments
Corporation
|
1.02%
|
47.90%
|
18.02%
|
12.22%
|
Maximum long-term total return, with
capital appreciation as a secondary
objective.
|
LVIP Macquarie U.S. REIT Fund -
Service Class3
(formerly LVIP Delaware U.S. REIT
Fund)
advised by Lincoln Financial Investments
Corporation
|
1.13%2
|
12.24%
|
6.14%
|
5.94%
|
Long-term capital appreciation.
|
LVIP Macquarie Value Fund - Service
Class3
(formerly LVIP Delaware Value Fund)
advised by Lincoln Financial Investments
Corporation
|
0.98%
|
3.18%
|
7.78%
|
7.54%
|
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 a responsible level of income
and the potential for capital appreciation.
|
LVIP Macquarie Wealth Builder Fund -
Standard Class3
(formerly LVIP Delaware Wealth Builder
Fund)
advised by Lincoln Financial Investments
Corporation
|
0.71%2
|
9.91%
|
5.95%
|
4.45%
|
Capital Appreciation. A fund of funds.
|
LVIP MFS International Equity Managed
Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.18%2
|
13.59%
|
6.52%
|
3.94%
|
Long-term capital appreciation.
|
LVIP MFS International Growth Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.05%2
|
14.42%
|
9.55%
|
6.31%
|
Capital Appreciation.
|
LVIP MFS Value Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.87%2
|
7.80%
|
11.10%
|
8.30%
|
Current income consistent with the
preservation of capital.
|
LVIP Mondrian Global Income Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.90%2
|
3.76%
|
-1.16%
|
0.01%
|
Long-term capital appreciation as
measured by the change in the value of
fund shares over a period of three years
or longer.
|
LVIP Mondrian International Value Fund
- Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.75%2
|
20.11%
|
6.03%
|
3.45%
|
Long-term growth of capital. A fund of
funds.
|
LVIP Multi-Manager Global Equity
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.14%2
|
25.58%
|
10.25%
|
N/A
|
To seek a high level of current income
consistent with preservation of capital.
|
LVIP PIMCO Low Duration Bond Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.93%2
|
4.61%
|
1.04%
|
N/A
|
To match as closely as practicable,
before fees and expenses, the
performance of the Bloomberg U.S.
Aggregate Index.
|
LVIP SSGA Bond Index Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
0.62%2
|
5.03%
|
0.52%
|
1.23%
|
A high level of current income, with
some consideration given to growth of
capital. A fund of funds.
|
LVIP SSGA Conservative Index
Allocation Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.76%2
|
10.46%
|
5.02%
|
3.83%
|
To provide investment results that,
before fees and expenses, correspond
generally to the total return of the MSCI
Emerging Markets Index that tracks
performance of emerging market equity
securities.
|
LVIP SSGA Emerging Markets Equity
Index Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.75%2
|
8.56%
|
2.48%
|
N/A
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term growth of capital. A fund of
funds.
|
LVIP SSGA Global Tactical Allocation
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.84%2
|
13.22%
|
6.02%
|
3.65%
|
To approximate as closely as practicable,
before fees and expenses, the
performance of a broad market index of
non-U.S. foreign securities.
|
LVIP SSGA International Index Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.64%2
|
17.27%
|
7.70%
|
3.76%
|
Capital Appreciation. A fund of funds.
|
LVIP SSGA International Managed
Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.88%2
|
17.15%
|
4.68%
|
N/A
|
Capital Appreciation. A fund of funds.
|
LVIP SSGA Large Cap Managed Volatility
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.72%2
|
24.13%
|
12.94%
|
8.64%
|
Seek to approximate as closely as
practicable, before fees and expenses,
the performance of a broad market index
that emphasizes stocks of mid-sized
U.S. companies.
|
LVIP SSGA Mid-Cap Index Fund -
Service Class, †
advised by Lincoln Financial Investments
Corporation
|
0.60%2
|
15.75%
|
11.94%
|
N/A
|
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 SSGA Moderate Index Allocation
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.76%
|
13.28%
|
7.11%
|
5.07%
|
A balance between high level of current
income and growth of capital, with a
greater emphasis on growth of capital. A
fund of funds.
|
LVIP SSGA Moderately Aggressive Index
Allocation Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.76%
|
14.54%
|
7.77%
|
5.45%
|
To approximate as closely as practicable,
before fees and expenses, the total rate
of return of common stocks publicly
traded in the United States, as
represented by the S&P 500 Index.
|
LVIP SSGA S&P 500 Index Fund -
Service Class4
advised by Lincoln Financial Investments
Corporation
|
0.48%
|
25.70%
|
15.12%
|
11.49%
|
To provide investment results that,
before fees and expenses, correspond
generally to the price and yield
performance of an index that tracks the
short-term U.S. corporate bond market.
|
LVIP SSGA Short-Term Bond Index Fund
- Service Class
advised by Lincoln Financial Investments
Corporation
|
0.61%2
|
4.91%
|
1.62%
|
N/A
|
To approximate as closely as practicable,
before fees and expenses, the
performance of the Russell 2000®
Index, which emphasizes stocks of small
U.S. companies.
|
LVIP SSGA Small-Cap Index Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.63%2
|
16.21%
|
9.25%
|
6.47%
|
Capital Appreciation. A fund of funds.
|
LVIP SSGA SMID Cap Managed Volatility
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.86%2
|
13.41%
|
6.71%
|
3.95%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
A high level of current income, with
some consideration given to growth of
capital. A fund of funds.
|
LVIP Structured Conservative Allocation
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.85%
|
9.99%
|
4.80%
|
3.71%
|
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 Structured Moderate Allocation
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.82%
|
12.81%
|
6.86%
|
4.96%
|
A balance between high level of current
income and growth of capital, with a
greater emphasis on growth of capital. A
fund of funds.
|
LVIP Structured Moderately Aggressive
Allocation Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.84%
|
13.98%
|
7.42%
|
5.28%
|
The highest total return over time
consistent with an emphasis on both
capital growth and income. A fund of
funds.
|
LVIP T. Rowe Price 2020 Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
0.91%2
|
13.27%
|
7.15%
|
4.64%
|
The highest total return over time
consistent with an emphasis on both
capital growth and income. A fund of
funds.
|
LVIP T. Rowe Price 2030 Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
0.93%2
|
15.84%
|
8.80%
|
5.20%
|
The highest total return over time
consistent with an emphasis on both
capital growth and income. A fund of
funds.
|
LVIP T. Rowe Price 2040 Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
0.95%2
|
18.89%
|
10.44%
|
5.85%
|
To maximize capital appreciation.
|
LVIP T. Rowe Price Structured Mid-Cap
Growth Fund - Standard Class
advised by Lincoln Financial Investments
Corporation
|
0.72%2
|
21.17%
|
13.50%
|
10.81%
|
Capital appreciation. A fund of funds.
|
LVIP U.S. Aggressive Growth Allocation
Managed Risk Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.06%2
|
15.52%
|
6.37%
|
N/A
|
High level of current income and growth
of capital, with an emphasis on growth
of capital. A fund of funds.
|
LVIP U.S. Growth Allocation Managed
Risk Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.04%2
|
14.72%
|
5.88%
|
N/A
|
Total return consistent with the
preservation of capital. A fund of funds.
|
LVIP Vanguard Bond Allocation Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.62%
|
5.73%
|
0.33%
|
1.02%
|
Long-term capital appreciation. A fund
of funds.
|
LVIP Vanguard Domestic Equity ETF
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.57%2
|
24.91%
|
14.55%
|
10.81%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term capital appreciation. A fund
of funds.
|
LVIP Vanguard International Equity ETF
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.59%2
|
15.07%
|
6.84%
|
3.74%
|
Capital growth.
|
LVIP Wellington Capital Growth Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.95%2
|
38.35%
|
16.68%
|
13.63%
|
Long-term capital appreciation.
|
LVIP Wellington SMID Cap Value Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.04%2
|
16.95%
|
12.17%
|
7.44%
|
Maximize total return.
|
LVIP Western Asset Core Bond Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.78%
|
6.19%
|
0.79%
|
N/A
|
Long-term capital appreciation.
|
Macquarie VIP Emerging Markets Series
- Service Class3
(formerly Delaware VIP® Emerging
Markets Series)
advised by Delaware Management
Company
|
1.48%2
|
13.45%
|
3.87%
|
2.38%
|
Capital Appreciation.
|
Macquarie VIP Small Cap Value Series -
Service Class3
(formerly Delaware VIP® Small Cap
Value Series)
advised by Delaware Management
Company
|
1.08%
|
9.10%
|
9.87%
|
6.77%
|
Capital Appreciation.
|
MFS® VIT Growth Series - Service Class
advised by Massachusetts Financial
Services Company
|
0.98%2
|
35.51%
|
15.59%
|
12.69%
|
Capital Appreciation.
|
MFS® VIT II Core Equity Portfolio -
Service Class
advised by Massachusetts Financial
Services Company
This fund is not offered in contracts
issued on or after June 6, 2005.
|
1.06%2
|
22.79%
|
14.79%
|
11.33%
|
Total return.
|
MFS® VIT Total Return Series - Service
Class
advised by Massachusetts Financial
Services Company
|
0.86%2
|
10.22%
|
8.27%
|
6.27%
|
Total return.
|
MFS® VIT Utilities Series - Service Class
advised by Massachusetts Financial
Services Company
|
1.04%2
|
-2.33%
|
8.05%
|
6.13%
|
Growth of capital.
|
Neuberger Berman AMT Mid Cap
Intrinsic Value Portfolio - I Class
|
1.02%
|
11.00%
|
8.63%
|
6.13%
|
Maximum real return, consistent with
prudent investment management.
|
PIMCO VIT CommodityRealReturn®
Strategy Portfolio - Advisor Class
advised by Pacific Investment
Management Company, LLC
|
1.58%2
|
-7.93%
|
8.46%
|
-0.90%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Balanced investment composed of a
well-diversified portfolio of stocks and
bonds which produce both capital
growth and current income.
|
Putnam VT George Putnam Balanced
Fund - Class IB, †
|
0.92%
|
19.90%
|
10.43%
|
8.03%
|
Capital Appreciation.
|
Putnam VT Global Health Care Fund -
Class IB
This fund is not offered in contracts
issued on or after May 24, 2004.
|
1.01%
|
9.13%
|
13.48%
|
10.16%
|
Capital growth and current income.
|
Putnam VT Large Cap Value Fund - Class
IB
|
0.82%
|
15.67%
|
14.50%
|
10.26%
|
Long-term capital appreciation.
|
Putnam VT Sustainable Future Fund -
Class IB
|
1.07%2
|
28.52%
|
12.28%
|
8.44%
|
Long-term capital appreciation.
|
Putnam VT Sustainable Leaders Fund -
Class IB
|
0.90%
|
26.11%
|
16.09%
|
12.59%
|
High current income consistent with
preservation of capital; capital
appreciation is a secondary objective.
|
Templeton Global Bond VIP Fund - Class
2
|
0.75%2
|
2.88%
|
-2.13%
|
-0.66%
|
Long-term capital growth.
|
Templeton Growth VIP Fund - Class 2
|
1.12%2
|
21.01%
|
6.47%
|
3.24%
|
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
|
LVIP American Century Inflation Protection Fund
LVIP BlackRock Inflation Protected Bond Fund
LVIP JPMorgan Core Bond Fund
LVIP Macquarie Bond Fund
LVIP Macquarie Diversified Floating Rate Fund
LVIP Macquarie Diversified Income Fund
LVIP Macquarie Limited-Term Diversified Income
Fund
LVIP Mondrian Global Income Fund
LVIP PIMCO Low Duration Bond Fund
LVIP SSGA Bond Index Fund
LVIP SSGA Short-Term Bond Index Fund
LVIP Vanguard Bond Allocation Fund
LVIP Western Asset Core Bond Fund
Templeton Global Bond VIP Fund
|
All other Subaccounts except those in Group 3
and as discussed below.
|
DWS Alternative Asset Allocation VIP Portfolio
LVIP Franklin Templeton Multi-Factor Emerging
Markets Equity Fund
LVIP Macquarie U.S. REIT Fund
|
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
|
LVIP American Century Inflation Protection Fund
LVIP BlackRock Inflation Protected Bond Fund
LVIP JPMorgan Core Bond Fund
LVIP Macquarie Bond Fund
LVIP Macquarie Diversified Floating Rate Fund
LVIP Macquarie Diversified Income Fund
LVIP Macquarie Limited-Term Diversified Income
Fund
LVIP Mondrian Global Income Fund (not available
for riders purchased on or after May 21, 2018)
LVIP PIMCO Low Duration Bond Fund
LVIP SSGA Bond Index Fund
LVIP SSGA Short-Term Bond Index Fund
LVIP Vanguard Bond Allocation Fund
LVIP Western Asset Core Bond Fund
|
LVIP American Century Select Mid Cap Managed
Volatility Fund
LVIP BlackRock Dividend Value Managed
Volatility Fund
LVIP BlackRock Global Allocation Managed Risk
Fund
LVIP BlackRock Global Growth ETF Allocation
Managed Risk Fund
LVIP BlackRock U.S. Growth ETF Allocation
Managed Risk Fund
LVIP Blended Large Cap Growth Managed
Volatility Fund
LVIP Blended Mid Cap Managed Volatility Fund
LVIP ClearBridge Franklin Select Large Cap
Managed Volatility Fund
LVIP Dimensional International Equity Managed
Volatility Fund
LVIP Dimensional U.S. Equity Managed Volatility
Fund
LVIP Fidelity Institutional AM® Select Core Equity
Managed Volatility Fund
LVIP Franklin Templeton Global Equity Managed
Volatility Fund
LVIP Global Aggressive Growth Allocation
Managed Risk Fund
LVIP Global Conservative Allocation Managed
Risk Fund
LVIP Global Growth Allocation Managed Risk
Fund
LVIP Global Moderate Allocation Managed Risk
Fund
LVIP Invesco Select Equity Income Managed
Volatility Fund
LVIP JPMorgan Select Mid Cap Value Managed
Volatility Fund
LVIP MFS International Equity Managed Volatility
Fund
LVIP Multi-Manager Global Equity Managed
Volatility Fund
LVIP SSGA Global Tactical Allocation Managed
Volatility Fund
LVIP SSGA International Managed Volatility Fund
LVIP SSGA Large Cap Managed Volatility Fund
LVIP SSGA SMID Cap Managed Volatility Fund
LVIP U.S. Aggressive Growth Allocation Managed
Risk Fund
LVIP U.S. Growth Allocation Managed Risk Fund
|
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.
|
LVIP American Century Inflation Protection Fund
LVIP BlackRock Inflation Protected Bond Fund
LVIP JPMorgan Core Bond Fund
LVIP Macquarie Bond Fund
LVIP Macquarie Diversified Floating Rate Fund
LVIP Macquarie Diversified Income Fund
LVIP Macquarie Limited-Term Diversified Income Fund
LVIP PIMCO Low Duration Bond Fund
LVIP SSGA Bond Index Fund
LVIP SSGA Short-Term Bond Index Fund
LVIP Vanguard Bond Allocation Fund
LVIP Western Asset Core Bond Fund
|
AB VPS Discovery Value Portfolio
American Funds Global Growth Fund
American Funds Growth Fund
American Funds Growth-Income Fund
American Funds International Fund
ClearBridge Variable Large Cap Growth Portfolio
Fidelity® VIP Balanced Portfolio
Fidelity® VIP Contrafund® Portfolio
Fidelity® VIP FundsManager® 50% Portfolio
Fidelity® VIP Mid Cap Portfolio
First Trust Capital Strength Portfolio
First Trust Growth Strength Portfolio
First Trust International Developed Capital Strength Portfolio
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Franklin Allocation VIP Fund
Franklin Income VIP Fund
Franklin Multi-Asset Variable Conservative Growth Fund
Franklin Mutual Shares VIP Fund
Invesco V.I. Equally-Weighted S&P 500 Fund
Invesco V.I. EQV International Equity Fund
Lincoln Hedged S&P 500 Conservative Fund
Lincoln Hedged S&P 500 Fund
Lincoln Opportunistic Hedged Equity Fund
LVIP AllianceBernstein Large Cap Growth Fund
LVIP American Century Balanced Fund
LVIP American Century Capital Appreciation Fund
LVIP American Century Disciplined Core Value Fund
LVIP American Century International Fund
LVIP American Century Large Company Value Fund
LVIP American Century Mid Cap Value Fund
LVIP American Century Ultra Fund
LVIP American Century Value Fund
LVIP Baron Growth Opportunities Fund
LVIP BlackRock Global Allocation Fund
LVIP BlackRock Global Allocation Managed Risk Fund
LVIP BlackRock Global Growth ETF Allocation Managed Risk Fund
LVIP BlackRock U.S. Growth ETF Allocation Managed Risk Fund
LVIP Channing Small Cap Value Fund
LVIP Dimensional International Core Equity Fund
LVIP Dimensional U.S. Core Equity 1 Fund
LVIP Dimensional U.S. Core Equity 2 Fund
LVIP Franklin Templeton Multi-Factor International Equity Fund
LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund
LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund
LVIP Global Aggressive Growth Allocation Managed Risk Fund
LVIP Global Conservative Allocation Managed Risk Fund
LVIP Global Growth Allocation Managed Risk Fund
LVIP Global Moderate Allocation Managed Risk Fund
LVIP Government Money Market Fund
LVIP JPMorgan High Yield Fund
|
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.
|
|
LVIP JPMorgan Mid Cap Value Fund
LVIP JPMorgan Retirement Income Fund
LVIP JPMorgan Small Cap Core Fund
LVIP JPMorgan U.S. Equity Fund
LVIP Macquarie High Yield Fund
LVIP Macquarie Mid Cap Value Fund
LVIP Macquarie SMID Cap Core Fund
LVIP Macquarie Social Awareness Fund
LVIP Macquarie U.S. Growth Fund
LVIP Macquarie Value Fund
LVIP Macquarie Wealth Builder Fund
LVIP MFS International Growth Fund
LVIP MFS Value Fund
LVIP Mondrian International Value Fund
LVIP SSGA Conservative Index Allocation Fund
LVIP SSGA Global Tactical Allocation Managed Volatility Fund
LVIP SSGA International Index Fund
LVIP SSGA Mid-Cap Index Fund
LVIP SSGA Moderate Index Allocation Fund
LVIP SSGA Moderately Aggressive Index Allocation Fund
LVIP SSGA S&P 500 Index Fund
LVIP SSGA Small-Cap Index Fund
LVIP Structured Conservative Allocation Fund
LVIP Structured Moderate Allocation Fund
LVIP Structured Moderately Aggressive Allocation Fund
LVIP T. Rowe Price Structured Mid-Cap Growth Fund
LVIP U.S. Aggressive Growth Allocation Managed Risk Fund
LVIP U.S. Growth Allocation Managed Risk Fund
LVIP Vanguard Domestic Equity ETF Fund
LVIP Vanguard International Equity ETF Fund
LVIP Wellington Capital Growth Fund
LVIP Wellington SMID Cap Value Fund
Macquarie VIP Small Cap Value Series
MFS® VIT Growth Series
MFS® VIT Total Return Series
Putnam VT George Putnam Balanced Fund
Putnam VT Large Cap Value Fund
Putnam VT Sustainable Leaders 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
|
LVIP American Century Inflation Protection Fund
LVIP BlackRock Inflation Protected Bond Fund
LVIP JPMorgan Core Bond Fund
LVIP Macquarie Bond Fund
LVIP Macquarie Diversified Floating Rate Fund
LVIP Macquarie Diversified Income Fund
LVIP Macquarie Limited-Term Diversified Income
Fund
LVIP Mondrian Global Income Fund
LVIP PIMCO Low Duration Bond Fund
LVIP SSGA Bond Index Fund
LVIP SSGA Short-Term Bond Index Fund
LVIP Vanguard Bond Allocation Fund
LVIP Western Asset Core Bond Fund
|
AB VPS Discovery Value Portfolio
American Funds Global Growth Fund
American Funds Growth Fund
American Funds Growth-Income Fund
American Funds International Fund
ClearBridge Variable Large Cap Growth Portfolio
Fidelity® VIP Balanced Portfolio
Fidelity® VIP Contrafund® Portfolio
Fidelity® VIP FundsManager® 50% Portfolio
Fidelity® VIP Mid Cap Portfolio
First Trust Capital Strength Portfolio
First Trust Growth Strength Portfolio
First Trust International Developed Capital
Strength Portfolio
First Trust/Dow Jones Dividend & Income
Allocation Portfolio
Franklin Allocation VIP Fund
Franklin Income VIP Fund
Franklin Multi-Asset Variable Conservative
Growth Fund
Franklin Mutual Shares VIP Fund
Invesco V.I. Equally-Weighted S&P 500 Fund
Invesco V.I. EQV International Equity Fund
LVIP AllianceBernstein Large Cap Growth Fund
LVIP American Century Balanced Fund
LVIP American Century Capital Appreciation Fund
LVIP American Century Disciplined Core Value
Fund
LVIP American Century International Fund
LVIP American Century Large Company Value
Fund
LVIP American Century Mid Cap Value Fund
LVIP American Century Ultra Fund
LVIP American Century Value Fund
LVIP Baron Growth Opportunities Fund
LVIP BlackRock Global Allocation Fund
LVIP Channing Small Cap Value Fund
LVIP Dimensional International Core Equity Fund
LVIP Dimensional U.S. Core Equity 1 Fund
LVIP Dimensional U.S. Core Equity 2 Fund
|
AB VPS Sustainable Global Thematic Portfolio
American Funds Global Small Capitalization Fund
DWS Alternative Asset Allocation VIP Portfolio
LVIP BlackRock Real Estate Fund
LVIP Franklin Templeton Multi-Factor Emerging
Markets Equity Fund
LVIP Macquarie U.S. REIT Fund
LVIP SSGA Emerging Markets Equity Index Fund
Macquarie VIP Emerging Markets Series
MFS® VIT Utilities Series
|
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
|
|
LVIP Franklin Templeton Multi-Factor
International Equity Fund
LVIP Franklin Templeton Multi-Factor Large Cap
Equity Fund
LVIP Franklin Templeton Multi-Factor SMID Cap
Equity Fund
LVIP Government Money Market Fund
LVIP JPMorgan High Yield Fund
LVIP JPMorgan Mid Cap Value Fund
LVIP JPMorgan Retirement Income Fund
LVIP JPMorgan Small Cap Core Fund
LVIP JPMorgan U.S. Equity Fund
LVIP Macquarie High Yield Fund
LVIP Macquarie Mid Cap Value Fund
LVIP Macquarie SMID Cap Core Fund
LVIP Macquarie Social Awareness Fund
LVIP Macquarie U.S. Growth Fund
LVIP Macquarie Value Fund
LVIP Macquarie Wealth Builder Fund
LVIP MFS International Growth Fund
LVIP MFS Value Fund
LVIP Mondrian International Value Fund
LVIP SSGA Conservative Index Allocation Fund
LVIP SSGA International Index Fund
LVIP SSGA Mid-Cap Index Fund
LVIP SSGA Moderate Index Allocation Fund
LVIP SSGA Moderately Aggressive Index
Allocation Fund
LVIP SSGA S&P 500 Index Fund
LVIP SSGA Small-Cap Index Fund
LVIP Structured Conservative Allocation Fund
LVIP Structured Moderate Allocation Fund
LVIP Structured Moderately Aggressive
Allocation Fund
LVIP T. Rowe Price Structured Mid-Cap Growth
Fund
LVIP Vanguard Domestic Equity ETF Fund
LVIP Vanguard International Equity ETF Fund
LVIP Wellington Capital Growth Fund
LVIP Wellington SMID Cap Value Fund
Macquarie VIP Small Cap Value Series
MFS® VIT Growth Series
MFS® VIT Total Return Series
Putnam VT George Putnam Balanced Fund
Putnam VT Large Cap Value Fund
Putnam VT Sustainable Leaders 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
|
LVIP American Century Inflation Protection Fund
LVIP BlackRock Inflation Protected Bond Fund
LVIP JPMorgan Core Bond Fund
LVIP Macquarie Bond Fund
LVIP Macquarie Diversified Floating Rate Fund
LVIP Macquarie Diversified Income Fund
LVIP Macquarie Limited-Term Diversified Income
Fund
LVIP Mondrian Global Income Fund
LVIP PIMCO Low Duration Bond Fund
LVIP SSGA Bond Index Fund
LVIP SSGA Short-Term Bond Index Fund
LVIP Vanguard Bond Allocation Fund
LVIP Western Asset Core Bond Fund
|
All other Subaccounts offered under the
Contract, except for Subaccounts in Group 3,
and as described below.
|
AB VPS Sustainable Global Thematic Portfolio
DWS Alternative Asset Allocation VIP Portfolio
LVIP BlackRock Real Estate Fund
LVIP Franklin Templeton Multi-Factor Emerging
Markets Equity Fund
LVIP Macquarie U.S. REIT Fund
LVIP SSGA Emerging Markets Equity Index Fund
Macquarie VIP Emerging Markets Series
MFS® VIT Utilities Series
|
Contract Value on the Valuation Date the death claim is approved
|
$120,000
|
Contract earnings
|
$20,000 ($120,000 - $100,000)
|
Covered earnings limit
|
$200,000 ($100,000 x 2)
|
The enhancement rate is multiplied by the lesser of the contract earnings amount ($20,000)
or the
covered earnings limit amount ($200,000)
|
$8,000 (40% x $20,000)
|
Total Death Benefit amount
|
$128,000 ($120,000 + $8,000)
|
|
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
|
Age
|
Final GMWB Payment Year
|
Age
|
Final GMWB Payment Year
|
Age
|
Final GMWB Payment Year
|
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 & Joint Life
Option*
|
55 – 58
|
4.50%
|
4.00%
|
55+
|
3.00%
|
59 – 64
|
5.50%
|
5.00%
|
|
|
65 – 74
|
6.50%
|
6.00%
|
|
|
75 +
|
7.00%
|
6.50%
|
|
|
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 – 74
|
6.50%
|
6.00%
|
|
|
75 +
|
7.00%
|
6.50%
|
|
|
TABLE A
|
TABLE B
|
|||
Age
|
Single Life
Option
|
Joint Life
Option*
|
Age
|
Single Life & Joint Life
Option*
|
55 – 58
|
4.00%
|
3.50%
|
55+
|
3.00%
|
59 – 64
|
5.00%
|
4.50%
|
|
|
65 – 74
|
6.00%
|
5.50%
|
|
|
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%
|
Age
|
PAI Rate
|
0 – 54
|
4.50%
|
55 – 58
|
5.00%
|
59 – 69
|
5.50%
|
70+
|
6.00%
|
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%
|
40 – 54
|
2.75%
|
40 – 54
|
2.50%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
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%
|
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%
|
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*
|
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%
|
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 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 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 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 between May 21,
2018 and
April 30, 2024
|
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%
|
SAI 1
Contents
|
Page
|
B-2
|
|
B-2
|
|
B-2
|
|
B-2
|
|
B-3
|
|
B-3
|
|
B-4
|
|
B-4
|
|
B-5
|
Contents
|
Page
|
B-5
|
|
B-5
|
|
B-5
|
|
B-7
|
|
B-8
|
|
B-8
|
|
B-8
|
|
B-9
|
Single Premium
|
$50,000
|
Premium taxes
|
None
|
Withdrawals
|
None
|
Guaranteed Period
|
5 years
|
Guaranteed Interest Rate
|
3.50%
|
Annuity Date
|
Age 70
|
Index Rate A
|
3.50%
|
Index Rate B
|
4.00% End of Contract Year 1
3.50% End of Contract Year 2
3.00% End of Contract Year 3
2.00% End of Contract Year 4
|
Percentage adjustment to B
|
0.50%
|
Interest Adjustment Formula
|
(1 + Index A)n
|
-1
|
n = Remaining Guaranteed Period
|
(1 + Index B + % Adjustment)n
|
Contract Year
|
(1)
Annuity
Value
|
(2)
1 + Interest
Adjustment Formula
|
(3)
Adjusted
Annuity
Value
|
(4)
Minimum
Value
|
(5)
Greater of
(3) & (4)
|
(6)
Surrender
Charge
|
(7)
Surrender
Value
|
1
|
$51,710
|
0.962268
|
$49,759
|
$50,710
|
$50,710
|
$4,250
|
$46,460
|
2
|
$53,480
|
0.985646
|
$52,712
|
$51,431
|
$52,712
|
$4,250
|
$48,462
|
3
|
$55,312
|
1.000000
|
$55,312
|
$52,162
|
$55,312
|
$4,000
|
$51,312
|
4
|
$57,208
|
1.009756
|
$57,766
|
$52,905
|
$57,766
|
$3,500
|
$54,266
|
5
|
$59,170
|
N/A
|
$59,170
|
$53,658
|
$59,170
|
$3,000
|
$56,170
|
Contract Year
|
BOY*
Annuity
Value
|
|
Guaranteed
Interest Rate
|
|
Annual
Account
Fee
|
|
EOY**
Annuity
Value
|
1
|
$50,000
|
x
|
1.035
|
-
|
$40
|
=
|
$51,710
|
2
|
$51,710
|
x
|
1.035
|
-
|
$40
|
=
|
$53,480
|
3
|
$53,480
|
x
|
1.035
|
-
|
$40
|
=
|
$55,312
|
4
|
$55,312
|
x
|
1.035
|
-
|
$40
|
=
|
$57,208
|
5
|
$57,208
|
x
|
1.035
|
-
|
$40
|
=
|
$59,170
|
Contract Year
|
Surrender
Charge
Factor
|
|
Deposit
|
|
Surrender
Charge
|
1
|
8.5%
|
x
|
$50,000
|
=
|
$4,250
|
2
|
8.5%
|
x
|
$50,000
|
=
|
$4,250
|
3
|
8.0%
|
x
|
$50,000
|
=
|
$4,000
|
4
|
7.0%
|
x
|
$50,000
|
=
|
$3,500
|
5
|
6.0%
|
x
|
$50,000
|
=
|
$3,000
|
Contract Year
|
Index A
|
Index B
|
Adj Index B
|
N
|
Result
|
1
|
3.50
%
|
4.00
%
|
4.50
%
|
4
|
0.962268
|
2
|
3.50
%
|
3.50
%
|
4.00
%
|
3
|
0.985646
|
3
|
3.50
%
|
3.00
%
|
3.50
%
|
2
|
1.000000
|
4
|
3.50
%
|
2.00
%
|
2.50
%
|
1
|
1.009756
|
5
|
3.50
%
|
N/A
|
N/A
|
N/A
|
N/A
|
Contract Year
|
|
|
Minimum
Guaranteed
Interest Rate
|
|
Annual
Account
Fee
|
|
Minimum
Value
|
1
|
$50,000
|
x
|
1.015
|
-
|
$40
|
=
|
$50,710
|
2
|
$50,710
|
x
|
1.015
|
-
|
$40
|
=
|
$51,431
|
3
|
$51,431
|
x
|
1.015
|
-
|
$40
|
=
|
$52,162
|
4
|
$52,162
|
x
|
1.015
|
-
|
$40
|
=
|
$52,905
|
5
|
$52,905
|
x
|
1.015
|
-
|
$40
|
=
|
$53,658
|
Prospectus 2
|
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
|
|
5
|
|
7
|
|
9
|
|
13
|
|
14
|
|
17
|
|
24
|
|
25
|
|
25
|
|
26
|
|
29
|
|
31
|
|
36
|
|
40
|
|
41
|
|
48
|
|
53
|
|
58
|
|
65
|
|
66
|
|
69
|
|
71
|
|
77
|
|
77
|
|
77
|
|
77
|
|
77
|
|
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 4th
anniversary since your last Purchase Payment, you may be assessed a surrender charge
of up to 7% 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 $7,000 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 – Account Value Death
Benefit
|
1.67%1
|
1.67%1
|
|
|
Base Contract – Guarantee of Principal
Death Benefit
|
1.72%1
|
1.72%1
|
|
|
Base Contract – Enhanced Guaranteed
Minimum Death Benefit
|
1.97%1
|
1.97%1
|
|
|
Base Contract – Estate Enhancement
Benefit
|
2.17%1
|
2.17%1
|
|
|
Investment options (fund fees and
expenses)
|
0.48%1
|
4.08%1
|
|
|
Optional benefits available for an
additional charge (for a single optional
benefit, if elected)
|
0.40%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: $2,462
|
Highest Annual Cost: $8,437
|
|
|
|
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-
888-868-2583 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
Death Benefit
and 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
|
7.00%
|
We may also apply an Interest Adjustment to amounts being withdrawn, surrendered or
transferred from a Guaranteed
Period account (except for dollar cost averaging, cross-reinvestment, withdrawals
up to the Maximum Annual
Withdrawal amount under Lincoln SmartSecurity® Advantage and Regular Income Payments under i4LIFE® Advantage).
See Fixed Side of the Contract.
|
|
Administrative Expense (Annual Account Fee):1
|
|
$35
|
|
|
|
Base Contract Expenses (as a percentage of average Account Value in the Subaccounts)2,3
|
|
|
Account Value Death Benefit
|
|
1.65%
|
Guarantee of Principal Death Benefit
|
|
1.70%
|
Enhanced Guaranteed Minimum Death Benefit (EGMDB)
|
|
1.95%
|
Estate Enhancement Benefit (EEB)
|
|
2.15%
|
Optional Benefit Expenses (Protected Lifetime Income Fees)
|
Single
Life
|
Joint
Life
|
Lincoln ProtectedPay® lifetime income suite:4, 5
|
|
|
Guaranteed Maximum Annual Charge
|
2.75%
|
2.75%
|
Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk) riders elected on or after May 21, 2018:4, 5
|
|
|
Guaranteed Maximum Annual Charge
|
2.25%
|
2.45%
|
Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk) riders elected prior to May 21, 2018: 5, 6
|
|
|
Guaranteed Maximum Annual Charge
|
2.00%
|
2.00%
|
Current Initial Annual Charge
|
1.25%
|
1.50%
|
Lincoln Market Select® Advantage:4, 5
|
|
|
Guaranteed Maximum Annual Charge
|
2.25%
|
2.45%
|
Lincoln Max 6 SelectSM Advantage:4, 5
|
|
|
Guaranteed Maximum Annual Charge
|
2.25%
|
2.45%
|
Lincoln IRA Income PlusSM:4, 5
|
|
|
Guaranteed Maximum Annual Charge
|
2.25%
|
N/A
|
Lincoln Wealth PassSM:7
|
|
|
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, 2022:4, 8
|
|
|
Guaranteed Maximum Annual Charge
|
2.75%
|
2.75%
|
4LATER® Select Advantage riders elected prior to November 28, 2022:4, 8
|
|
|
Guaranteed Maximum Annual Charge
|
2.25%
|
2.45%
|
Lincoln Lifetime IncomeSM Advantage 2.0:5, 9
|
|
|
Guaranteed Maximum Annual Charge
|
2.00%
|
2.00%
|
Current Charge
|
1.25%
|
1.50%
|
Lincoln Lifetime IncomeSM Advantage:10
|
|
|
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:11
|
|
|
Guaranteed Maximum Annual Charge
|
1.50%
|
1.50%
|
Current Charge
|
1.00%
|
1.25%
|
Lincoln SmartSecurity® Advantage – 5 Year Elective Step-up option:11
|
|
|
Guaranteed Maximum Annual Charge
|
0.95%
|
N/A
|
Current Charge
|
0.95%
|
N/A
|
4LATER® Advantage:12
|
|
|
Guaranteed Maximum Annual Charge
|
1.50%
|
N/A
|
Current Charge
|
0.90%
|
N/A
|
4LATER® Advantage (Managed Risk):6, 8
|
|
|
Guaranteed Maximum Annual Charge
|
2.00%
|
2.00%
|
Current Charge
|
1.25%
|
1.50%
|
Lincoln Long-Term CareSM Advantage:
|
|
|
Acceleration Benefit Charge:13
|
|
|
Guaranteed Maximum Charge Level Benefit or Growth Benefit
|
1.50%
|
N/A
|
Current Charge Growth Benefit
|
0.50%
|
N/A
|
Current Charge Level Benefit
|
0.35%
|
N/A
|
Extension Benefit Charge:14
|
|
|
Guaranteed Maximum Annual Charge
|
N/A
|
N/A
|
Current Charge (Contractowners ages 70-74)
|
0.76%
|
N/A
|
Optional Nonforfeiture Benefit Charge:15
|
|
|
Guaranteed Maximum Annual Charge
|
N/A
|
N/A
|
Current Charge (Contractowners ages 70-74)
|
0.12%
|
N/A
|
i4LIFE® Advantage:16
|
|
|
Current Charge
|
0.40%
|
0.40%
|
i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) riders elected on or after May
21, 2018:4, 17
|
|
|
Guaranteed Maximum Annual Charge
|
2.25%
|
2.45%
|
i4LIFE® Advantage Select Guaranteed Income Benefit:17
|
|
|
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:17
|
|
|
Guaranteed Maximum Annual Charge
|
2.00%
|
2.00%
|
Current Charge
|
0.95%
|
1.15%
|
i4LIFE® Advantage Guaranteed Income Benefit (version 3):18
|
|
|
Guaranteed Maximum Annual Charge
|
1.50%
|
1.50%
|
Current Charge
|
0.95%
|
0.95%
|
i4LIFE® Advantage Guaranteed Income Benefit (version 2):18
|
|
|
Guaranteed Maximum Annual Charge
|
1.50%
|
1.50%
|
Current Charge
|
0.75%
|
0.75%
|
i4LIFE® Advantage Guaranteed Income Benefit (version 1):18
|
|
|
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.
|
0.48
%
|
4.08
%
|
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
|
0.48
%
|
1.58
%
|
1 year
|
3 years
|
5 years
|
10 years
|
$15,878
|
$32,438
|
$43,596
|
$84,367
|
1 year
|
3 years
|
5 years
|
10 years
|
$8,878
|
$26,438
|
$43,596
|
$84,367
|
1 year
|
3 years
|
5 years
|
10 years
|
$15,707
|
$31,184
|
$40,402
|
$73,541
|
1 year
|
3 years
|
5 years
|
10 years
|
$8,707
|
$25,184
|
$40,402
|
$73,541
|
|
Estate
Enhancement
Benefit rider (EEB)
|
Enhanced Guaranteed
Minimum Death
Benefit (EGMDB)
|
Guarantee of
Principal Death
Benefit
|
Account Value
Death Benefit
|
Mortality and expense risk
charge
|
2.05
%
|
1.85
%
|
1.60
%
|
1.55
%
|
Administrative charge
|
0.10
%
|
0.10
%
|
0.10
%
|
0.10
%
|
Total base contract
expense*
|
2.15
%
|
1.95
%
|
1.70
%
|
1.65
%
|
|
Number of contract anniversaries since
Purchase Payment was invested
|
||||
|
0
|
1
|
2
|
3
|
4+
|
Surrender charge as a percentage of the surrendered or
withdrawn Purchase Payments
|
7
%
|
7
%
|
6
%
|
6
%
|
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)
|
If your Prior Rider is...
|
you will transition to...
|
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
|
Standard Benefits
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
Account Value Death
Benefit
|
Provides a Death Benefit equal to the
Contract Value.
|
•1.65%
|
•Poor investment performance could
significantly reduce the benefit.
•Withdrawals could significantly reduce
the benefit.
|
Guarantee of Principal
Death Benefit
|
Provides a Death Benefit equal to the
greatest of (1) Contract Value; (2) all
Purchase Payments, adjusted for
withdrawals.
|
•1.70%
|
•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.
|
•1.95%
|
•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.
|
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:
0.40% 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
|
Estate Enhancement
Benefit Rider
|
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
(decreased proportionately by subsequent
withdrawals); (4) current Contract Value
plus an amount based on earnings under the
Contract.
|
•2.15%
|
•If there are no contract earnings, the
calculations of the Death Benefit using
contract earnings will not be available.
•Withdrawals could significantly reduce
the benefit.
|
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.
|
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.
|
Optional Benefits – No Longer Available for Election1
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
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.
|
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.
|
Optional Benefits – No Longer Available for Election1
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
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.
|
4LATER® Advantage
(Managed Risk)
|
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.
You must later transition to i4LIFE®
Advantage Guaranteed Income Benefit
(Managed Risk) in order to receive a
benefit from 4LATER® Advantage
(Managed Risk).
|
•2.00% (as a
percentage of
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.
•Additional Purchase Payments may be
limited.
•Purchase Payments and step-ups may
increase fee rate.
|
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.
|
Optional Benefits – No Longer Available for Election1
|
|||
Name of Benefit
|
Purpose
|
Maximum Fee
|
Brief Description of Restrictions /
Limitations
|
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.
|
Lincoln Long-Term
CareSM Advantage
(LTC Rider)
|
The LTC Rider provides the potential to
receive as LTC Benefits your Purchase
Payments plus an additional amount equal
to two times your Purchase Payments.
These benefits are paid to you income tax-
free. In addition, you have the opportunity to
increase your tax-free long-term care
benefits if there is investment gain in your
Contract.
The LTC Rider includes an Acceleration
Benefit (paid out of your Contract Value),
and Extension Benefit (which we pay out of
our general account) and an optional Growth
Benefit (for an additional charge).
|
•Acceleration Benefit
Charge: up to
1.50%
of LTC Guaranteed
Amount
•Extension Benefit
Charge: up to
0.76% of the
Extension Benefit
•Optional
Nonforfeiture
Benefit Charge: up
to 0.14% of the
Extension Benefit.
|
•Investment Requirements apply.
•Excess Withdrawals could significantly
reduce or terminate the benefit.
•Additional Purchase Payments may not
be made.
|
upon death of:
|
and...
|
and...
|
Death Benefit proceeds pass to:
|
Contractowner
|
There is a surviving joint owner
|
The Annuitant is living or deceased
|
Joint owner
|
Contractowner
|
There is no surviving joint owner
|
The Annuitant is living or deceased
|
Designated Beneficiary
|
Contractowner
|
There is no surviving joint owner
and the Beneficiary predeceases the
Contractowner
|
The Annuitant is living or deceased
|
Contractowner's estate
|
upon death of:
|
and...
|
and...
|
Death Benefit proceeds pass to:
|
Annuitant
|
The Contractowner is living
|
There is no contingent Annuitant
|
The youngest Contractowner
becomes the contingent Annuitant
and the Contract continues. The
Contractowner may waive* this
continuation and receive the Death
Benefit proceeds.
|
Annuitant
|
The Contractowner is living
|
The contingent Annuitant is living
|
Contingent Annuitant becomes the
Annuitant and the Contract
continues
|
Annuitant
|
The Contractowner is a trust or
other non-natural person**
|
No contingent Annuitant allowed
with non-natural Contractowner
|
Designated Beneficiary
|
7/3/2024 Initial Deposit / Contract Value
|
$10,000
|
7/3/2028 Contract Value
|
$25,000
|
7/3/2029 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
|
|
Minimum Access Period
|
Maximum Access Period
|
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)
•4LATER® Advantage (Managed Risk)
|
Guaranteed Income Benefit (Managed Risk)
|
•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
•4LATER® Advantage (Managed Risk)
•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® Advantage Guarantee of Principal Death Benefit
|
$200,000
|
|
Regular Income Payment
|
$25,000
|
|
Account Value at the time of additional withdrawal
|
$150,000
|
|
Additional withdrawal
|
$15,000
|
($15,000/$150,000=10% withdrawal)
|
|
|
|
Death Benefit Value after Regular Income Payment = $200,000 - $25,000 = $175,000
|
||
Reduction in Death Benefit value for withdrawal = $175,000 x 10% = $17,500
|
||
Death Benefit Value after additional withdrawal = $175,000 - $17,500 = $157,500
|
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
|
(1+A)n
|
–1
|
(1+B+K)n
|
where:
|
||
A
|
=
|
yield rate for a U.S. Treasury security with time to maturity equal to the Subaccount’s Guaranteed Period, determined at
the beginning of the Guaranteed Period.
|
B
|
=
|
yield rate for a U.S. Treasury security with time to maturity equal to the time remaining
in the Guaranteed Period if greater
than one year, determined at the time of surrender, withdrawal or transfer. For remaining
periods of one year or less, the
yield rate for a one year U.S. Treasury security is used.
|
K
|
=
|
a 0.25% adjustment (unless otherwise limited by applicable state law). This adjustment
builds into the formula a factor
representing direct and indirect costs to us associated with liquidating general account
assets in order to satisfy
surrender requests. This adjustment of 0.25% has been added to the denominator of
the formula because it is anticipated
that a substantial portion of applicable general account portfolio assets will be
in relatively illiquid securities. Thus, in
addition to direct transaction costs, if such securities must be sold (e.g., because
of surrenders), the market price may be
lower. Accordingly, even if interest rates decline, there will not be a positive adjustment
until this factor is overcome, and
then any adjustment will be lower than otherwise, to compensate for this factor. Similarly,
if interest rates rise, any
negative adjustment will be greater than otherwise, to compensate for this factor.
If interest rates stay the same, there will
be no Interest Adjustment.
|
n
|
=
|
The number of years remaining in the Guaranteed Period (e.g., 1 year and 73 days =
1 + (73 divided by 365) = 1.2 years).
|
|
|
Straight-Line interpolation is used for periods to maturity not quoted.
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term growth of capital.
|
AB VPS Discovery Value Portfolio -
Class B
advised by AllianceBernstein L.P.
|
1.06%
|
16.86%
|
10.51%
|
7.29%
|
Long-term growth of capital.
|
AB VPS Large Cap Growth Portfolio -
Class B
advised by AllianceBernstein L.P.
This fund is not available in contracts
issued on or after June 6, 2005.
|
0.91%2
|
34.78%
|
17.56%
|
14.60%
|
Long-term growth of capital.
|
AB VPS Sustainable Global Thematic
Portfolio - Class B
advised by AllianceBernstein L.P.
|
1.17%2
|
15.70%
|
13.27%
|
9.33%
|
Long-term growth of capital.
|
American Funds Global Growth Fund -
Class 2
This fund is not available in contracts
issued on or after November 15, 2010.
|
0.66%2
|
22.60%
|
13.65%
|
9.58%
|
Long-term capital growth.
|
American Funds Global Small
Capitalization Fund - Class 2
This fund is not available in contracts
issued on or after November 15, 2010.
|
0.91%2
|
16.17%
|
8.31%
|
5.78%
|
Growth of capital.
|
American Funds Growth Fund - Class 2
This fund is not available in contracts
issued on or after November 15, 2010.
|
0.59%
|
38.49%
|
18.68%
|
14.36%
|
Long-term growth of capital and income.
|
American Funds Growth-Income Fund -
Class 2
This fund is not available in contracts
issued on or after November 15, 2010.
|
0.53%
|
26.14%
|
13.36%
|
10.91%
|
Long-term growth of capital.
|
American Funds International Fund -
Class 2
This fund is not available in contracts
issued on or after November 15, 2010.
|
0.78%
|
15.84%
|
4.83%
|
3.41%
|
Long-term growth of capital.
|
ClearBridge Variable Large Cap Growth
Portfolio - Class II
advised by Legg Mason Partners Fund
Advisor, LLC
|
1.01%
|
43.66%
|
15.22%
|
N/A
|
Long-term growth of capital.
|
ClearBridge Variable Mid Cap Portfolio -
Class II
advised by Legg Mason Partners Fund
Advisor, LLC
|
1.08%
|
12.62%
|
10.46%
|
6.83%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Capital Appreciation. A fund of funds.
|
DWS Alternative Asset Allocation VIP
Portfolio - Class B
advised by DWS Investment
Management Americas, Inc.
|
1.21%
|
5.67%
|
5.70%
|
2.63%
|
Income and capital growth consistent
with reasonable risk.
|
Fidelity® VIP Balanced Portfolio -
Service Class 2
|
0.69%
|
21.29%
|
12.16%
|
8.81%
|
Long-term capital appreciation.
|
Fidelity® VIP Contrafund® Portfolio -
Service Class 2
|
0.81%
|
33.12%
|
16.36%
|
11.33%
|
High total return. A fund of funds.
|
Fidelity® VIP FundsManager® 50%
Portfolio - Service Class 2
|
0.85%2
|
12.65%
|
7.36%
|
5.35%
|
To achieve capital appreciation.
|
Fidelity® VIP Growth Portfolio - Service
Class 2
|
0.83%
|
35.89%
|
19.34%
|
14.51%
|
Long-term growth of capital.
|
Fidelity® VIP Mid Cap Portfolio - Service
Class 2
|
0.82%
|
14.80%
|
12.17%
|
7.85%
|
To provide long-term capital
appreciation.
|
First Trust Capital Strength Hedged
Equity Portfolio – Class I
|
1.25%2
|
N/A
|
N/A
|
N/A
|
To provide capital appreciation.
|
First Trust Capital Strength Portfolio –
Class I
|
1.10%2
|
7.75%
|
N/A
|
N/A
|
To provide long-term capital
appreciation.
|
First Trust Growth Strength Portfolio –
Class I
|
1.20%2
|
N/A
|
N/A
|
N/A
|
To provide capital appreciation.
|
First Trust International Developed
Capital Strength Portfolio – Class I
|
1.20%2
|
16.90%
|
N/A
|
N/A
|
To provide total return by allocating
among dividend-paying stocks and
investment grade bonds.
|
First Trust/Dow Jones Dividend &
Income Allocation Portfolio - Class I6
|
1.19%
|
10.51%
|
7.23%
|
6.53%
|
Capital appreciation with income as a
secondary objective.
|
Franklin Allocation VIP Fund - Class 4
|
0.92%2
|
14.62%
|
7.44%
|
4.64%
|
To maximize income while maintaining
prospects for capital appreciation.
|
Franklin Income VIP Fund - Class 2
|
0.71%2
|
8.62%
|
6.98%
|
5.01%
|
Balance of growth of capital and income.
A fund of funds.
|
Franklin Multi-Asset Variable
Conservative Growth - Class II
advised by Legg Mason Partners Fund
Advisor, LLC
|
0.97%
|
14.28%
|
7.10%
|
N/A
|
Capital appreciation; income is a
secondary consideration.
|
Franklin Mutual Shares VIP Fund - Class
2
|
0.93%
|
13.46%
|
7.81%
|
5.43%
|
Capital growth.
|
Invesco V.I. American Franchise Fund -
Series II Shares
This fund is not available in contracts
issued on or after May 24, 2004.
|
1.11%
|
40.60%
|
15.88%
|
11.42%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term growth of capital.
|
Invesco V.I. Core Equity Fund - Series II
Shares
This fund is not available in contracts
issued on or after May 24, 2004.
|
1.05%
|
23.08%
|
12.67%
|
7.53%
|
To seek to achieve a high level of total
return on its assets through a
combination of capital appreciation and
current income.
|
Invesco V.I. Equally-Weighted S&P 500
Fund - Series II Shares5
|
0.59%
|
13.43%
|
13.17%
|
9.76%
|
Long-term growth of capital.
|
Invesco V.I. EQV International Equity
Fund - Series II Shares
|
1.15%
|
17.86%
|
8.15%
|
4.07%
|
Long-term capital growth, consistent
with preservation of capital and balanced
by current income.
|
Janus Henderson Balanced Portfolio -
Service Shares
This fund is not available in contracts
issued on or after June 6, 2005.
|
0.87%
|
15.13%
|
9.37%
|
7.73%
|
Long-term growth of capital.
|
Janus Henderson Enterprise Portfolio -
Service Shares
This fund is not available in contracts
issued on or after June 6, 2005.
|
0.97%
|
17.78%
|
13.14%
|
11.82%
|
Long-term growth of capital.
|
Janus Henderson Global Research
Portfolio - Service Shares
This fund is not available in contracts
issued on or after May 24, 2004.
|
0.86%
|
26.47%
|
13.05%
|
8.74%
|
Seeks, over a specified annual period
(an “Outcome Period”), to provide
returns that track those of the Invesco
QQQ TrustSM , Series 1 up to a cap,
while providing a buffer against losses.
A fund of funds.
|
Lincoln Hedged Nasdaq-100 Fund -
Service Class
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.20%2
|
36.33%
|
N/A
|
N/A
|
Over a specified annual period (an
“Outcome Period”), to provide returns
that track those of the S&P 500 Price
Return Index (“Index”) up to a cap, while
providing a buffer against losses. A fund
of funds.
|
Lincoln Hedged S&P 500 Conservative
Fund - Service Class4
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.05%2
|
13.00%
|
N/A
|
N/A
|
Over a specified annual period (an
“Outcome Period”), to provide returns
that track those of the S&P 500 Price
Return Index (“Index”) up to a cap, while
providing a buffer against losses. A fund
of funds.
|
Lincoln Hedged S&P 500 Fund - Service
Class4
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.05%2
|
16.63%
|
N/A
|
N/A
|
Seeks, over a specified annual period
(an “Outcome Period”), to provide
returns that track those of the Invesco
QQQ TrustSM , Series 1 up to a cap,
while providing a buffer against losses.
A fund of funds.
|
Lincoln Opportunistic Hedged Equity
Fund - Service Class
|
1.05%2
|
N/A
|
N/A
|
N/A
|
Long-term capital growth.
|
LVIP AllianceBernstein Large Cap
Growth Fund - Service Class
(formerly LVIP T. Rowe Price Growth
Stock Fund)
advised by Lincoln Financial Investments
Corporation
|
0.88%2
|
45.95%
|
13.04%
|
11.39%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term capital growth and current
income by investing approximately 60%
of its assets in equity securities and the
remainder in bonds and other fixed-
income securities.
|
LVIP American Century Balanced Fund -
Service Class
(formerly American Century VP
Balanced Fund)
advised by Lincoln Financial Investments
Corporation
|
1.02%2
|
16.12%
|
8.20%
|
N/A
|
Capital growth.
|
LVIP American Century Capital
Appreciation Fund - Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.94%2
|
20.55%
|
13.09%
|
N/A
|
Capital growth; income is a secondary
consideration.
|
LVIP American Century Disciplined Core
Value Fund - Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.96%2
|
8.24%
|
9.92%
|
7.92%
|
Long-term total return using a strategy
that seeks to protect against U.S.
inflation.
|
LVIP American Century Inflation
Protection Fund - Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.77%2
|
3.40%
|
2.65%
|
1.90%
|
Capital growth.
|
LVIP American Century International
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.10%2
|
12.43%
|
8.12%
|
3.91%
|
Long-term capital growth, income is
secondary objective.
|
LVIP American Century Large Company
Value Fund - Service Class
(formerly American Century VP Large
Company Value Fund)
advised by Lincoln Financial Investments
Corporation
|
0.85%2
|
3.78%
|
10.37%
|
7.58%
|
Long-term capital growth, income is
secondary objective.
|
LVIP American Century Mid Cap Value
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
1.01%2
|
6.03%
|
10.90%
|
8.61%
|
Capital Appreciation.
|
LVIP American Century Select Mid Cap
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.17%2
|
9.13%
|
10.18%
|
N/A
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term capital growth.
|
LVIP American Century Ultra Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.90%2
|
43.27%
|
19.07%
|
14.47%
|
Long-term capital growth; income is a
secondary consideration.
|
LVIP American Century Value Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
This fund will be available on or about
May 20, 2024. Please consult your
registered representative.
|
0.86%2
|
9.02%
|
11.71%
|
8.36%
|
Long-term growth of capital. A master-
feeder fund.
|
LVIP American Global Growth Fund -
Service Class II
advised by Lincoln Financial Investments
Corporation
This fund is not available in contracts
issued before November 15, 2010.
|
1.03%
|
22.16%
|
13.24%
|
9.17%
|
Long-term growth of capital. A master-
feeder fund.
|
LVIP American Global Small
Capitalization Fund - Service Class II
advised by Lincoln Financial Investments
Corporation
This fund is not available in contracts
issued before November 15, 2010.
|
1.30%2
|
15.72%
|
7.88%
|
5.36%
|
Growth of capital. A master-feeder fund.
|
LVIP American Growth Fund - Service
Class II
advised by Lincoln Financial Investments
Corporation
This fund is not available in contracts
issued before November 15, 2010.
|
0.95%
|
37.99%
|
18.26%
|
13.94%
|
Long-term growth of capital and income.
A master-feeder fund.
|
LVIP American Growth-Income Fund -
Service Class II
advised by Lincoln Financial Investments
Corporation
This fund is not available in contracts
issued before November 15, 2010.
|
0.89%
|
25.72%
|
12.97%
|
10.53%
|
Long-term growth of capital. A master-
feeder fund.
|
LVIP American International Fund -
Service Class II
advised by Lincoln Financial Investments
Corporation
This fund is not available in contracts
issued before November 15, 2010.
|
1.15%
|
15.41%
|
4.45%
|
3.03%
|
Capital Appreciation.
|
LVIP Baron Growth Opportunities Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.15%2
|
17.81%
|
13.66%
|
9.35%
|
Reasonable income.
|
LVIP BlackRock Dividend Value
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.91%2
|
9.12%
|
9.27%
|
6.16%
|
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 investment return.
|
LVIP BlackRock Global Allocation Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.98%2
|
13.35%
|
N/A
|
N/A
|
Capital Appreciation. A fund of funds.
|
LVIP BlackRock Global Allocation
Managed Risk Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.18%2
|
11.25%
|
4.66%
|
2.44%
|
A balance between current income and
growth of capital, with a greater
emphasis on growth of capital. A fund of
funds.
|
LVIP BlackRock Global Growth ETF
Allocation Managed Risk Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
0.77%2
|
11.29%
|
4.45%
|
N/A
|
To maximize real return, consistent with
preservation of real capital and prudent
investment management.
|
LVIP BlackRock Inflation Protected Bond
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.88%
|
4.81%
|
2.90%
|
1.93%
|
Total return through a combination of
current income and long-term capital
appreciation.
|
LVIP BlackRock Real Estate Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.07%2
|
12.79%
|
4.50%
|
3.59%
|
A balance between current income and
growth of capital, with a greater
emphasis on growth of capital. A fund of
funds.
|
LVIP BlackRock U.S. Growth ETF
Allocation Managed Risk Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
0.74%2
|
11.96%
|
5.36%
|
N/A
|
Long-term growth of capital in a manner
consistent with the preservation of
capital.
|
LVIP Blended Large Cap Growth
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.92%2
|
33.81%
|
13.53%
|
9.01%
|
Capital Appreciation.
|
LVIP Blended Mid Cap Managed
Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.98%2
|
17.46%
|
9.94%
|
6.14%
|
Seeks long-term capital appreciation.
|
LVIP Channing Small Cap Value Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.13%
|
19.65%
|
N/A
|
N/A
|
Capital Appreciation.
|
LVIP ClearBridge Franklin Select Large
Cap Managed Volatility Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
1.01%2
|
22.11%
|
10.71%
|
N/A
|
Long-term capital appreciation.
|
LVIP Dimensional International Core
Equity Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.87%2
|
15.72%
|
7.72%
|
N/A
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term capital appreciation. A fund
of funds.
|
LVIP Dimensional International Equity
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.01%
|
16.40%
|
5.24%
|
2.03%
|
Long-term capital appreciation.
|
LVIP Dimensional U.S. Core Equity 1
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.75%2
|
22.36%
|
14.59%
|
10.69%
|
Long-term capital appreciation.
|
LVIP Dimensional U.S. Core Equity 2
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.74%
|
21.35%
|
14.45%
|
N/A
|
Long-term capital appreciation. A fund
of funds.
|
LVIP Dimensional U.S. Equity Managed
Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.86%2
|
21.64%
|
12.58%
|
7.75%
|
Capital Appreciation. A fund of funds.
|
LVIP Fidelity Institutional AM® Select
Core Equity Managed Volatility Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.99%2
|
24.81%
|
12.84%
|
8.06%
|
Long-term capital growth.
|
LVIP Franklin Templeton Global Equity
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.98%2
|
16.95%
|
8.71%
|
4.32%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton Multi-Factor
Emerging Markets Equity Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
0.75%2
|
9.76%
|
2.86%
|
1.34%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton Multi-Factor
International Equity Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.66%2
|
18.62%
|
6.47%
|
4.13%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton Multi-Factor
Large Cap Equity Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.61%2
|
17.09%
|
12.53%
|
9.79%
|
To maximize long-term capital
appreciation.
|
LVIP Franklin Templeton Multi-Factor
SMID Cap Equity Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.64%2
|
15.25%
|
11.14%
|
6.89%
|
Capital appreciation. A fund of funds.
|
LVIP Global Aggressive Growth
Allocation Managed Risk Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
1.04%2
|
13.80%
|
5.40%
|
N/A
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
A high level of current income with
some consideration given to growth of
capital. A fund of funds.
|
LVIP Global Conservative Allocation
Managed Risk Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.02%2
|
9.45%
|
3.97%
|
3.26%
|
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 Global Growth Allocation Managed
Risk Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.01%2
|
13.05%
|
4.71%
|
3.46%
|
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 Global Moderate Allocation
Managed Risk Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.00%2
|
11.56%
|
4.30%
|
3.30%
|
Current income while (i)maintaining a
stable value of your shares (providing
stability of net asset value) and (ii)
preserving the value of your initial
investment (preservation of capital).
|
LVIP Government Money Market Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.64%2
|
4.48%
|
1.46%
|
0.87%
|
Capital Appreciation.
|
LVIP Invesco Select Equity Income
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.93%2
|
11.79%
|
9.71%
|
N/A
|
To maximize total return by investing
primarily in a diversified portfolio of
intermediate- and long-term debt
securities.
|
LVIP JPMorgan Core Bond Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.74%
|
5.66%
|
1.04%
|
1.56%
|
A high level of current income; capital
appreciation is the secondary objective.
|
LVIP JPMorgan High Yield Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.93%2
|
11.49%
|
4.69%
|
3.73%
|
Capital appreciation with the secondary
goal of achieving current income by
investing in equity securities.
|
LVIP JPMorgan Mid Cap Value Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.99%
|
N/A
|
N/A
|
N/A
|
Current income and some capital
appreciation. A fund of funds.
|
LVIP JPMorgan Retirement Income Fund
- Service Class
advised by Lincoln Financial Investments
Corporation
|
0.93%2
|
11.32%
|
4.75%
|
3.68%
|
Long-term capital appreciation.
|
LVIP JPMorgan Select Mid Cap Value
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.03%2
|
11.80%
|
8.97%
|
5.35%
|
Capital growth over the long term.
|
LVIP JPMorgan Small Cap Core Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.03%
|
12.80%
|
9.12%
|
6.81%
|
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.
|
LVIP JPMorgan U.S. Equity Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.94%
|
26.84%
|
16.86%
|
12.15%
|
Maximum current income (yield)
consistent with a prudent investment
strategy.
|
LVIP Macquarie Bond Fund - Service
Class3
(formerly LVIP Delaware Bond Fund)
advised by Lincoln Financial Investments
Corporation
|
0.72%
|
5.57%
|
1.14%
|
1.64%
|
Total return.
|
LVIP Macquarie Diversified Floating Rate
Fund - Service Class3
(formerly LVIP Delaware Diversified
Floating Rate Fund)
advised by Lincoln Financial Investments
Corporation
|
0.88%2
|
5.31%
|
2.13%
|
1.43%
|
Maximum long-term total return
consistent with reasonable risk.
|
LVIP Macquarie Diversified Income Fund
- Service Class3
(formerly LVIP Delaware Diversified
Income Fund)
advised by Lincoln Financial Investments
Corporation
|
0.84%2
|
5.94%
|
1.75%
|
1.80%
|
Total return and, as a secondary
objective, high current income.
|
LVIP Macquarie High Yield Fund -
Service Class3
(formerly LVIP Delaware High Yield
Fund)
advised by Lincoln Financial Investments
Corporation
|
1.04%2
|
12.34%
|
5.19%
|
3.25%
|
Maximum total return, consistent with
reasonable risk.
|
LVIP Macquarie Limited-Term Diversified
Income Fund - Service Class3
(formerly LVIP Delaware Limited-Term
Diversified Income Fund)
advised by Lincoln Financial Investments
Corporation
|
0.83%2
|
4.68%
|
1.56%
|
1.36%
|
To maximize long-term capital
appreciation.
|
LVIP Macquarie Mid Cap Value Fund -
Service Class3
(formerly LVIP Delaware Mid Cap Value
Fund)
advised by Lincoln Financial Investments
Corporation
|
0.78%
|
10.86%
|
11.49%
|
8.24%
|
Long-term capital appreciation.
|
LVIP Macquarie SMID Cap Core Fund -
Service Class3
(formerly LVIP Delaware SMID Cap Core
Fund)
advised by Lincoln Financial Investments
Corporation
|
1.10%2
|
16.10%
|
11.91%
|
8.06%
|
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 maximize long-term capital
appreciation.
|
LVIP Macquarie Social Awareness Fund -
Service Class3
(formerly LVIP Delaware Social
Awareness Fund)
advised by Lincoln Financial Investments
Corporation
|
0.80%
|
29.72%
|
15.45%
|
10.93%
|
Long-term capital appreciation.
|
LVIP Macquarie U.S. Growth Fund -
Service Class3
(formerly LVIP Delaware U.S. Growth
Fund)
advised by Lincoln Financial Investments
Corporation
|
1.02%
|
47.90%
|
18.02%
|
12.22%
|
Maximum long-term total return, with
capital appreciation as a secondary
objective.
|
LVIP Macquarie U.S. REIT Fund -
Service Class3
(formerly LVIP Delaware U.S. REIT
Fund)
advised by Lincoln Financial Investments
Corporation
|
1.13%2
|
12.24%
|
6.14%
|
5.94%
|
Long-term capital appreciation.
|
LVIP Macquarie Value Fund - Service
Class3
(formerly LVIP Delaware Value Fund)
advised by Lincoln Financial Investments
Corporation
|
0.98%
|
3.18%
|
7.78%
|
7.54%
|
To provide a responsible level of income
and the potential for capital appreciation.
|
LVIP Macquarie Wealth Builder Fund -
Service Class3
(formerly LVIP Delaware Wealth Builder
Fund)
advised by Lincoln Financial Investments
Corporation
|
0.96%2
|
9.64%
|
5.69%
|
4.19%
|
Capital Appreciation. A fund of funds.
|
LVIP MFS International Equity Managed
Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.18%2
|
13.59%
|
6.52%
|
3.94%
|
Long-term capital appreciation.
|
LVIP MFS International Growth Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.05%2
|
14.42%
|
9.55%
|
6.31%
|
Capital Appreciation.
|
LVIP MFS Value Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.87%2
|
7.80%
|
11.10%
|
8.30%
|
Current income consistent with the
preservation of capital.
|
LVIP Mondrian Global Income Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.90%2
|
3.76%
|
-1.16%
|
0.01%
|
Long-term capital appreciation as
measured by the change in the value of
fund shares over a period of three years
or longer.
|
LVIP Mondrian International Value Fund
- Service Class
advised by Lincoln Financial Investments
Corporation
|
1.00%2
|
19.81%
|
5.77%
|
3.19%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term growth of capital. A fund of
funds.
|
LVIP Multi-Manager Global Equity
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.14%2
|
25.58%
|
10.25%
|
N/A
|
To seek a high level of current income
consistent with preservation of capital.
|
LVIP PIMCO Low Duration Bond Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.93%2
|
4.61%
|
1.04%
|
N/A
|
To match as closely as practicable,
before fees and expenses, the
performance of the Bloomberg U.S.
Aggregate Index.
|
LVIP SSGA Bond Index Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
|
0.62%2
|
5.03%
|
0.52%
|
1.23%
|
A high level of current income, with
some consideration given to growth of
capital. A fund of funds.
|
LVIP SSGA Conservative Index
Allocation Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.76%2
|
10.46%
|
5.02%
|
3.83%
|
To provide investment results that,
before fees and expenses, correspond
generally to the total return of the MSCI
Emerging Markets Index that tracks
performance of emerging market equity
securities.
|
LVIP SSGA Emerging Markets Equity
Index Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.75%2
|
8.56%
|
2.48%
|
N/A
|
Long-term growth of capital. A fund of
funds.
|
LVIP SSGA Global Tactical Allocation
Managed Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.84%2
|
13.22%
|
6.02%
|
3.65%
|
To approximate as closely as practicable,
before fees and expenses, the
performance of a broad market index of
non-U.S. foreign securities.
|
LVIP SSGA International Index Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.64%2
|
17.27%
|
7.70%
|
3.76%
|
Capital Appreciation. A fund of funds.
|
LVIP SSGA International Managed
Volatility Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.88%2
|
17.15%
|
4.68%
|
N/A
|
Capital Appreciation. A fund of funds.
|
LVIP SSGA Large Cap Managed Volatility
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.72%2
|
24.13%
|
12.94%
|
8.64%
|
Seek to approximate as closely as
practicable, before fees and expenses,
the performance of a broad market index
that emphasizes stocks of mid-sized
U.S. companies.
|
LVIP SSGA Mid-Cap Index Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.60%2
|
15.75%
|
11.94%
|
N/A
|
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 SSGA Moderate Index Allocation
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.76%
|
13.28%
|
7.11%
|
5.07%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
A balance between high level of current
income and growth of capital, with a
greater emphasis on growth of capital. A
fund of funds.
|
LVIP SSGA Moderately Aggressive Index
Allocation Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.76%
|
14.54%
|
7.77%
|
5.45%
|
To approximate as closely as practicable,
before fees and expenses, the total rate
of return of common stocks publicly
traded in the United States, as
represented by the S&P 500 Index.
|
LVIP SSGA S&P 500 Index Fund -
Service Class4
advised by Lincoln Financial Investments
Corporation
|
0.48%
|
25.70%
|
15.12%
|
11.49%
|
To provide investment results that,
before fees and expenses, correspond
generally to the price and yield
performance of an index that tracks the
short-term U.S. corporate bond market.
|
LVIP SSGA Short-Term Bond Index Fund
- Service Class
advised by Lincoln Financial Investments
Corporation
|
0.61%2
|
4.91%
|
1.62%
|
N/A
|
To approximate as closely as practicable,
before fees and expenses, the
performance of the Russell 2000®
Index, which emphasizes stocks of small
U.S. companies.
|
LVIP SSGA Small-Cap Index Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.63%2
|
16.21%
|
9.25%
|
6.47%
|
Capital Appreciation. A fund of funds.
|
LVIP SSGA SMID Cap Managed Volatility
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.86%2
|
13.41%
|
6.71%
|
3.95%
|
A high level of current income, with
some consideration given to growth of
capital. A fund of funds.
|
LVIP Structured Conservative Allocation
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.85%
|
9.99%
|
4.80%
|
3.71%
|
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 Structured Moderate Allocation
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.82%
|
12.81%
|
6.86%
|
4.96%
|
A balance between high level of current
income and growth of capital, with a
greater emphasis on growth of capital. A
fund of funds.
|
LVIP Structured Moderately Aggressive
Allocation Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.84%
|
13.98%
|
7.42%
|
5.28%
|
The highest total return over time
consistent with an emphasis on both
capital growth and income. A fund of
funds.
|
LVIP T. Rowe Price 2020 Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
This fund is not available in contracts
issued on or after June 30, 2009.
|
0.91%2
|
13.27%
|
7.15%
|
4.64%
|
The highest total return over time
consistent with an emphasis on both
capital growth and income. A fund of
funds.
|
LVIP T. Rowe Price 2030 Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
This fund is not available in contracts
issued on or after June 30, 2009.
|
0.93%2
|
15.84%
|
8.80%
|
5.20%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
The highest total return over time
consistent with an emphasis on both
capital growth and income. A fund of
funds.
|
LVIP T. Rowe Price 2040 Fund - Service
Class
advised by Lincoln Financial Investments
Corporation
This fund is not available in contracts
issued on or after June 30, 2009.
|
0.95%2
|
18.89%
|
10.44%
|
5.85%
|
To maximize capital appreciation.
|
LVIP T. Rowe Price Structured Mid-Cap
Growth Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.97%2
|
20.87%
|
13.22%
|
10.54%
|
Capital appreciation. A fund of funds.
|
LVIP U.S. Aggressive Growth Allocation
Managed Risk Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.06%2
|
15.52%
|
6.37%
|
N/A
|
High level of current income and growth
of capital, with an emphasis on growth
of capital. A fund of funds.
|
LVIP U.S. Growth Allocation Managed
Risk Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
1.04%2
|
14.72%
|
5.88%
|
N/A
|
Total return consistent with the
preservation of capital. A fund of funds.
|
LVIP Vanguard Bond Allocation Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.62%
|
5.73%
|
0.33%
|
1.02%
|
Long-term capital appreciation. A fund
of funds.
|
LVIP Vanguard Domestic Equity ETF
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.57%2
|
24.91%
|
14.55%
|
10.81%
|
Long-term capital appreciation. A fund
of funds.
|
LVIP Vanguard International Equity ETF
Fund - Service Class
advised by Lincoln Financial Investments
Corporation
|
0.59%2
|
15.07%
|
6.84%
|
3.74%
|
Capital growth.
|
LVIP Wellington Capital Growth Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.95%2
|
38.35%
|
16.68%
|
13.63%
|
Long-term capital appreciation.
|
LVIP Wellington SMID Cap Value Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
1.04%2
|
16.95%
|
12.17%
|
7.44%
|
Maximize total return.
|
LVIP Western Asset Core Bond Fund -
Service Class
advised by Lincoln Financial Investments
Corporation
|
0.78%
|
6.19%
|
0.79%
|
N/A
|
Long-term capital appreciation.
|
Macquarie VIP Emerging Markets Series
- Service Class3
(formerly Delaware VIP® Emerging
Markets Series)
advised by Delaware Management
Company
|
1.48%2
|
13.45%
|
3.87%
|
2.38%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Capital Appreciation.
|
Macquarie VIP Small Cap Value Series -
Service Class3
(formerly Delaware VIP® Small Cap
Value Series)
advised by Delaware Management
Company
|
1.08%
|
9.10%
|
9.87%
|
6.77%
|
Capital Appreciation.
|
MFS® VIT Growth Series - Service Class
advised by Massachusetts Financial
Services Company
|
0.98%2
|
35.51%
|
15.59%
|
12.69%
|
Capital Appreciation.
|
MFS® VIT II Core Equity Portfolio -
Service Class
advised by Massachusetts Financial
Services Company
This fund is not available in contracts
issued on or after June 6, 2005.
|
1.06%2
|
22.79%
|
14.79%
|
11.33%
|
Total return.
|
MFS® VIT Total Return Series - Service
Class
advised by Massachusetts Financial
Services Company
|
0.86%2
|
10.22%
|
8.27%
|
6.27%
|
Total return.
|
MFS® VIT Utilities Series - Service Class
advised by Massachusetts Financial
Services Company
|
1.04%2
|
-2.33%
|
8.05%
|
6.13%
|
Growth of capital.
|
Neuberger Berman AMT Mid Cap
Intrinsic Value Portfolio - I Class
This fund is not available in contracts
issued on or after June 4, 2007.
|
1.02%
|
11.00%
|
8.63%
|
6.13%
|
Maximum real return, consistent with
prudent investment management.
|
PIMCO VIT CommodityRealReturn®
Strategy Portfolio - Advisor Class
advised by Pacific Investment
Management Company, LLC
|
1.58%2
|
-7.93%
|
8.46%
|
-0.90%
|
Balanced investment composed of a
well-diversified portfolio of stocks and
bonds which produce both capital
growth and current income.
|
Putnam VT George Putnam Balanced
Fund - Class IB
|
0.92%
|
19.90%
|
10.43%
|
8.03%
|
Capital Appreciation.
|
Putnam VT Global Health Care Fund -
Class IB
This fund is not available in contracts
issued on or after May 24, 2004.
|
1.01%
|
9.13%
|
13.48%
|
10.16%
|
Capital growth and current income.
|
Putnam VT Large Cap Value Fund - Class
IB
|
0.82%
|
15.67%
|
14.50%
|
10.26%
|
Long-term capital appreciation.
|
Putnam VT Sustainable Future Fund -
Class IB
|
1.07%2
|
28.52%
|
12.28%
|
8.44%
|
Long-term capital appreciation.
|
Putnam VT Sustainable Leaders Fund -
Class IB
|
0.90%
|
26.11%
|
16.09%
|
12.59%
|
High current income consistent with
preservation of capital; capital
appreciation is a secondary objective.
|
Templeton Global Bond VIP Fund - Class
2
|
0.75%2
|
2.88%
|
-2.13%
|
-0.66%
|
Investment Objective
|
Fund and
Adviser/Sub-adviser1
|
Current Expenses
|
Average Annual Total
Returns (as of 12/31/2023)
|
||
|
|
|
1 year
|
5 year
|
10 year
|
Long-term capital growth.
|
Templeton Growth VIP Fund - Class 2
This fund is not available in contracts
issued on or after June 4, 2007.
|
1.12%2
|
21.01%
|
6.47%
|
3.24%
|
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
|
4LATER® Advantage (Managed Risk)
|
On or after July 16, 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 January 9, 2017
|
Option 3
|
If you elect...
|
and the date of election is...
|
you will be subject to
Investment Requirements
|
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
|
Lincoln Long-Term CareSM Advantage
|
On or after April 11, 2011
|
Option 3
|
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
|
LVIP American Century Inflation Protection Fund
LVIP BlackRock Inflation Protected Bond Fund
LVIP JPMorgan Core Bond Fund
LVIP Macquarie Bond Fund
LVIP Macquarie Diversified Floating Rate Fund
LVIP Macquarie Diversified Income Fund
LVIP Macquarie Limited-Term Diversified Income
Fund
LVIP Mondrian Global Income Fund
LVIP PIMCO Low Duration Bond Fund
LVIP SSGA Bond Index Fund
LVIP SSGA Short-Term Bond Index Fund
LVIP Vanguard Bond Allocation Fund
LVIP Western Asset Core Bond Fund
Templeton Global Bond VIP Fund
|
All other Subaccounts except those in Group 3
and as discussed below.
|
DWS Alternative Asset Allocation VIP Portfolio
LVIP Franklin Templeton Multi-Factor Emerging
Markets Equity Fund
LVIP Macquarie U.S. REIT Fund
|
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
|
LVIP American Century Inflation Protection Fund
LVIP BlackRock Inflation Protected Bond Fund
LVIP JPMorgan Core Bond Fund
LVIP Macquarie Bond Fund
LVIP Macquarie Diversified Floating Rate Fund
LVIP Macquarie Diversified Income Fund
LVIP Macquarie Limited-Term Diversified Income
Fund
LVIP Mondrian Global Income Fund (not available
for riders purchased on or after May 21, 2018)
LVIP PIMCO Low Duration Bond Fund
LVIP SSGA Bond Index Fund
LVIP SSGA Short-Term Bond Index Fund
LVIP Vanguard Bond Allocation Fund
LVIP Western Asset Core Bond Fund
|
LVIP American Century Select Mid Cap Managed
Volatility Fund
LVIP BlackRock Dividend Value Managed
Volatility Fund
LVIP BlackRock Global Allocation Managed Risk
Fund
LVIP BlackRock Global Growth ETF Allocation
Managed Risk Fund
LVIP BlackRock U.S. Growth ETF Allocation
Managed Risk Fund
LVIP Blended Large Cap Growth Managed
Volatility Fund
LVIP Blended Mid Cap Managed Volatility Fund
LVIP ClearBridge Franklin Select Large Cap
Managed Volatility Fund
LVIP Dimensional International Equity Managed
Volatility Fund
LVIP Dimensional U.S. Equity Managed Volatility
Fund
LVIP Fidelity Institutional AM® Select Core Equity
Managed Volatility Fund
LVIP Franklin Templeton Global Equity Managed
Volatility Fund
LVIP Global Aggressive Growth Allocation
Managed Risk Fund
LVIP Global Conservative Allocation Managed
Risk Fund
LVIP Global Growth Allocation Managed Risk
Fund
LVIP Global Moderate Allocation Managed Risk
Fund
LVIP Invesco Select Equity Income Managed
Volatility Fund
LVIP JPMorgan Select Mid Cap Value Managed
Volatility Fund
LVIP MFS International Equity Managed Volatility
Fund
LVIP Multi-Manager Global Equity Managed
Volatility Fund
LVIP SSGA Global Tactical Allocation Managed
Volatility Fund
LVIP SSGA International Managed Volatility Fund
LVIP SSGA Large Cap Managed Volatility Fund
LVIP SSGA SMID Cap Managed Volatility Fund
LVIP U.S. Aggressive Growth Allocation Managed
Risk Fund
LVIP U.S. Growth Allocation Managed Risk Fund
|
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.
|
LVIP American Century Inflation Protection Fund
LVIP BlackRock Inflation Protected Bond Fund
LVIP JPMorgan Core Bond Fund
LVIP Macquarie Bond Fund
LVIP Macquarie Diversified Floating Rate Fund
LVIP Macquarie Diversified Income Fund
LVIP Macquarie Limited-Term Diversified Income Fund
LVIP PIMCO Low Duration Bond Fund
LVIP SSGA Bond Index Fund
LVIP SSGA Short-Term Bond Index Fund
LVIP Vanguard Bond Allocation Fund
LVIP Western Asset Core Bond Fund
|
AB VPS Discovery Value Portfolio
American Funds Global Growth Fund
American Funds Growth Fund
American Funds Growth-Income Fund
American Funds International Fund
ClearBridge Variable Large Cap Growth Portfolio
Fidelity® VIP Balanced Portfolio
Fidelity® VIP Contrafund® Portfolio
Fidelity® VIP FundsManager® 50% Portfolio
Fidelity® VIP Mid Cap Portfolio
First Trust Capital Strength Portfolio
First Trust Growth Strength Portfolio
First Trust International Developed Capital Strength Portfolio
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Franklin Allocation VIP Fund
Franklin Income VIP Fund
Franklin Multi-Asset Variable Conservative Growth Fund
Franklin Mutual Shares VIP Fund
Invesco V.I. Equally-Weighted S&P 500 Fund
Invesco V.I. EQV International Equity Fund
Lincoln Hedged S&P 500 Conservative Fund
Lincoln Hedged S&P 500 Fund
Lincoln Opportunistic Hedged Equity Fund
LVIP AllianceBernstein Large Cap Growth Fund
LVIP American Century Balanced Fund
LVIP American Century Capital Appreciation Fund
LVIP American Century Disciplined Core Value Fund
LVIP American Century International Fund
LVIP American Century Large Company Value Fund
LVIP American Century Mid Cap Value Fund
LVIP American Century Ultra Fund
LVIP American Century Value Fund
LVIP American Global Growth Fund
LVIP American Growth Fund
LVIP American Growth-Income Fund
LVIP American International Fund
LVIP Baron Growth Opportunities Fund
LVIP BlackRock Global Allocation Fund
LVIP BlackRock Global Allocation Managed Risk Fund
LVIP BlackRock Global Growth ETF Allocation Managed Risk Fund
LVIP BlackRock U.S. Growth ETF Allocation Managed Risk Fund
LVIP Channing Small Cap Value Fund
|
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.
|
|
LVIP Dimensional International Core Equity Fund
LVIP Dimensional U.S. Core Equity 1 Fund
LVIP Dimensional U.S. Core Equity 2 Fund
LVIP Franklin Templeton Multi-Factor International Equity Fund
LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund
LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund
LVIP Global Aggressive Growth Allocation Managed Risk Fund
LVIP Global Conservative Allocation Managed Risk Fund
LVIP Global Growth Allocation Managed Risk Fund
LVIP Global Moderate Allocation Managed Risk Fund
LVIP Government Money Market Fund
LVIP JPMorgan High Yield Fund
LVIP JPMorgan Mid Cap Value Fund
LVIP JPMorgan Retirement Income Fund
LVIP JPMorgan Small Cap Core Fund
LVIP JPMorgan U.S. Equity Fund
LVIP Macquarie High Yield Fund
LVIP Macquarie Mid Cap Value Fund
LVIP Macquarie SMID Cap Core Fund
LVIP Macquarie Social Awareness Fund
LVIP Macquarie U.S. Growth Fund
LVIP Macquarie Value Fund
LVIP Macquarie Wealth Builder Fund
LVIP MFS International Growth Fund
LVIP MFS Value Fund
LVIP Mondrian International Value Fund
LVIP SSGA Conservative Index Allocation Fund
LVIP SSGA Global Tactical Allocation Managed Volatility Fund
LVIP SSGA International Index Fund
LVIP SSGA Mid-Cap Index Fund
LVIP SSGA Moderate Index Allocation Fund
LVIP SSGA Moderately Aggressive Index Allocation Fund
LVIP SSGA S&P 500 Index Fund
LVIP SSGA Small-Cap Index Fund
LVIP Structured Conservative Allocation Fund
LVIP Structured Moderate Allocation Fund
LVIP Structured Moderately Aggressive Allocation Fund
LVIP T. Rowe Price Structured Mid-Cap Growth Fund
LVIP U.S. Aggressive Growth Allocation Managed Risk Fund
LVIP U.S. Growth Allocation Managed Risk Fund
LVIP Vanguard Domestic Equity ETF Fund
LVIP Vanguard International Equity ETF Fund
LVIP Wellington Capital Growth Fund
LVIP Wellington SMID Cap Value Fund
Macquarie VIP Small Cap Value Series
MFS® VIT Growth Series
MFS® VIT Total Return Series
Putnam VT George Putnam Balanced Fund
Putnam VT Large Cap Value Fund
Putnam VT Sustainable Leaders 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
|
LVIP American Century Inflation Protection Fund
LVIP BlackRock Inflation Protected Bond Fund
LVIP JPMorgan Core Bond Fund
LVIP Macquarie Bond Fund
LVIP Macquarie Diversified Floating Rate Fund
LVIP Macquarie Diversified Income Fund
LVIP Macquarie Limited-Term Diversified Income
Fund
LVIP Mondrian Global Income Fund
LVIP PIMCO Low Duration Bond Fund
LVIP SSGA Bond Index Fund
LVIP SSGA Short-Term Bond Index Fund
LVIP Vanguard Bond Allocation Fund
LVIP Western Asset Core Bond Fund
|
AB VPS Discovery Value Portfolio
American Funds Global Growth Fund
American Funds Growth Fund
American Funds Growth-Income Fund
American Funds International Fund
ClearBridge Variable Large Cap Growth Portfolio
Fidelity® VIP Balanced Portfolio
Fidelity® VIP Contrafund® Portfolio
Fidelity® VIP FundsManager® 50% Portfolio
Fidelity® VIP Mid Cap Portfolio
First Trust Capital Strength Portfolio
First Trust Growth Strength Portfolio
First Trust International Developed Capital
Strength Portfolio
First Trust/Dow Jones Dividend & Income
Allocation Portfolio
Franklin Allocation VIP Fund
Franklin Income VIP Fund
Franklin Multi-Asset Variable Conservative
Growth Fund
Franklin Mutual Shares VIP Fund
Invesco V.I. Equally-Weighted S&P 500 Fund
Invesco V.I. EQV International Equity Fund
LVIP AllianceBernstein Large Cap Growth Fund
LVIP American Century Balanced Fund
|
AB VPS Sustainable Global Thematic Portfolio
American Funds Global Small Capitalization Fund
DWS Alternative Asset Allocation VIP Portfolio
LVIP American Global Small Capitalization Fund
LVIP BlackRock Real Estate Fund
LVIP Franklin Templeton Multi-Factor Emerging
Markets Equity Fund
LVIP Macquarie U.S. REIT Fund
LVIP SSGA Emerging Markets Equity Index Fund
Macquarie VIP Emerging Markets Series
MFS® VIT Utilities Series
|
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
|
|
LVIP American Century Capital Appreciation Fund
LVIP American Century Disciplined Core Value
Fund
LVIP American Century International Fund
LVIP American Century Large Company Value
Fund
LVIP American Century Mid Cap Value Fund
LVIP American Century Ultra Fund
LVIP American Century Value Fund
LVIP American Global Growth Fund
LVIP American Growth Fund
LVIP American Growth-Income Fund
LVIP American International Fund
LVIP Baron Growth Opportunities Fund
LVIP BlackRock Global Allocation Fund
LVIP Channing Small Cap Value Fund
LVIP Dimensional International Core Equity Fund
LVIP Dimensional U.S. Core Equity 1 Fund
LVIP Dimensional U.S. Core Equity 2 Fund
LVIP Franklin Templeton Multi-Factor
International Equity Fund
LVIP Franklin Templeton Multi-Factor Large Cap
Equity Fund
LVIP Franklin Templeton Multi-Factor SMID Cap
Equity Fund
LVIP Government Money Market Fund
LVIP JPMorgan High Yield Fund
LVIP JPMorgan Mid Cap Value Fund
LVIP JPMorgan Retirement Income Fund
LVIP JPMorgan Small Cap Core Fund
LVIP JPMorgan U.S. Equity Fund
LVIP Macquarie High Yield Fund
LVIP Macquarie Mid Cap Value Fund
LVIP Macquarie SMID Cap Core Fund
LVIP Macquarie Social Awareness Fund
LVIP Macquarie U.S. Growth Fund
LVIP Macquarie Value Fund
LVIP Macquarie Wealth Builder Fund
LVIP MFS International Growth Fund
LVIP MFS Value Fund
LVIP Mondrian International Value Fund
LVIP SSGA Conservative Index Allocation Fund
LVIP SSGA International Index Fund
LVIP SSGA Mid-Cap Index Fund
LVIP SSGA Moderate Index Allocation Fund
LVIP SSGA Moderately Aggressive Index
Allocation Fund
LVIP SSGA S&P 500 Index Fund
LVIP SSGA Small-Cap Index Fund
LVIP Structured Conservative Allocation Fund
LVIP Structured Moderate Allocation Fund
LVIP Structured Moderately Aggressive
Allocation Fund
LVIP T. Rowe Price Structured Mid-Cap Growth
Fund
LVIP Vanguard Domestic Equity ETF Fund
LVIP Vanguard International Equity ETF Fund
LVIP Wellington Capital Growth Fund
LVIP Wellington SMID Cap Value Fund
Macquarie VIP Small Cap Value Series
MFS® VIT Growth Series
MFS® VIT Total Return Series
Putnam VT George Putnam Balanced Fund
Putnam VT Large Cap Value Fund
Putnam VT Sustainable Leaders 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
|
LVIP American Century Inflation Protection Fund
LVIP BlackRock Inflation Protected Bond Fund
LVIP JPMorgan Core Bond Fund
LVIP Macquarie Bond Fund
LVIP Macquarie Diversified Floating Rate Fund
LVIP Macquarie Diversified Income Fund
LVIP Macquarie Limited-Term Diversified Income
Fund
LVIP Mondrian Global Income Fund
LVIP PIMCO Low Duration Bond Fund
LVIP SSGA Bond Index Fund
LVIP SSGA Short-Term Bond Index Fund
LVIP Vanguard Bond Allocation Fund
LVIP Western Asset Core Bond Fund
|
All other Subaccounts offered under the
Contract, except for Subaccounts in Group 3,
and as described below.
|
AB VPS Sustainable Global Thematic Portfolio
DWS Alternative Asset Allocation VIP Portfolio
LVIP BlackRock Real Estate Fund
LVIP Franklin Templeton Multi-Factor Emerging
Markets Equity Fund
LVIP Macquarie U.S. REIT Fund
LVIP SSGA Emerging Markets Equity Index Fund
Macquarie VIP Emerging Markets Series
MFS® VIT Utilities Series
|
Contract Value on the Valuation Date the death claim is approved
|
$120,000
|
Contract earnings
|
$20,000 ($120,000 - $100,000)
|
Covered earnings limit
|
$200,000 ($100,000 x 2)
|
The enhancement rate is multiplied by the lesser of the contract earnings amount ($20,000)
or the
covered earnings limit amount ($200,000)
|
$8,000 (40% x $20,000)
|
Total Death Benefit amount
|
$128,000 ($120,000 + $8,000)
|
|
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%
|
4LATER® Advantage
(Managed Risk) 3
|
1.05%
(0.2625% quarterly)
|
1.25%
(0.3125% quarterly)
|
2.00%
|
2.00%
|
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)
|
4LATER® Advantage (Managed Risk)
|
i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk)
|
|
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%
|
The LTC Charge will be higher if you choose the Growth Benefit option because the
Acceleration Benefit Charge annual charge rate
is higher for the Growth Benefit option than it is for the Level Benefit option and
the LTC Guaranteed Amount against which the
Acceleration Benefit Charge annual charge rate is assessed may be higher due to automatic
step-ups.
|
Extension Benefit Charge: 50% Benefit for Assisted Living Services
|
|
States: AK, AL, AR, AZ, DC, DE, GA, IA, KY, LA, MD, ME, MI, MO, MS,
MT, NC, ND, NE, NM, OK, OR, RI, SC, SD, WV, WY
|
|
Age on
Contract Date
|
Extension
Benefit Charge
|
45-49
|
0.26%
|
50-54
|
0.30%
|
55-59
|
0.32%
|
60-64
|
0.38%
|
65-69
|
0.50%
|
70-74
|
0.68%
|
Extension Benefit Charge: 100% Benefit for Assisted Living Services
|
|
All other states
|
|
Age on
Contract Date
|
Extension
Benefit Charge
|
45-49
|
0.28%
|
50-54
|
0.32%
|
55-59
|
0.36%
|
60-64
|
0.40%
|
65-69
|
0.54%
|
70-74
|
0.76%
|
Optional Nonforfeiture Benefit Charge: 50% Benefit for Assisted Living
Services
|
|
States: AK, AL, AR, AZ, DC, DE, GA, IA, KY, LA, MD, ME, MI, MO, MS,
MT, NC, ND, NE, NM, OK, OR, RI, SC, SD, WV, WY
|
|
Age on
Contract Date
|
Optional Nonforfeiture
Benefit Charge
|
45-49
|
0.04%
|
50-54
|
0.05%
|
55-59
|
0.05%
|
60-64
|
0.06%
|
65-69
|
0.08%
|
70-74
|
0.11%
|
Optional Nonforfeiture Benefit Charge: 100% Benefit for Assisted Living
Services
|
|
All other states
|
|
Age on
Contract Date
|
Optional Nonforfeiture
Benefit Charge
|
45-49
|
0.05%
|
50-54
|
0.05%
|
55-59
|
0.06%
|
60-64
|
0.06%
|
65-69
|
0.09%
|
70-74
|
0.12%
|
Example: The following example illustrates the calculation of the LTC Benefit Charge for a
60 year old who lives in Georgia. The
example assumes the Level Benefit option and the Optional Nonforfeiture Benefit have
been chosen.
|
||
Acceleration Benefit:
|
$100,000
|
|
LTC Guaranteed Amount:
|
$100,000
|
|
Extension Benefit:
|
$200,000
|
|
Acceleration Benefit Charge Annual Charge Rate:
|
0.35%
|
|
Extension Benefit Charge Annual Charge Rate:
|
0.38%
|
|
Optional Nonforfeiture Benefit Charge Annual Percentage Rate:
|
0.06%
|
|
LTC Charge (Annual)*:
|
$1,230
|
|
|
* $350 Acceleration Benefit Charge (0.35% x $100,000 LTC Guaranteed Amount) + $760
Extension Benefit
Charge (0.38% x $200,000 Extension Benefit) + $120 Optional Nonforfeiture Charge (0.06%
x $200,000
Extension Benefit) = $1,230 annual LTC Charge
|
|
Example: The following example illustrates the calculation of the LTC Benefit Charge for a
60 year old who lives in Georgia. The
example assumes the Growth Benefit option and the Optional Nonforfeiture Benefit have
been chosen.
|
||
Acceleration Benefit:
|
$100,000
|
|
LTC Guaranteed Amount:
|
$100,000
|
|
Extension Benefit:
|
$200,000
|
|
Growth Benefit:
|
$0
|
|
Acceleration Benefit Charge Annual Charge Rate:
|
0.50%
|
|
Extension Benefit Charge Annual Charge Rate:
|
0.38%
|
|
Optional Nonforfeiture Benefit Charge Annual Percentage Rate:
|
0.06%
|
|
LTC Charge (Annual)*:
|
$1,380
|
|
*$500 Acceleration Benefit Charge (0.50% x $100,000 LTC Guaranteed Amount) + $760
Extension Benefit
Charge (0.38% x $200,000 Extension Benefit) + $120 Optional Nonforfeiture Benefit
Charge (0.06% x
$200,000 Extension Benefit)= $1,380 annual LTC Charge
|
|
|
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
|
|
|
|
Contract Value
|
Protected Income Base with 5% Enhancement
|
Protected Income Base
|
|
Initial Purchase Payment $50,000
|
$50,000
|
N/A
|
$50,000
|
|
1st Benefit Year anniversary
|
$54,000
|
$52,500
|
$54,000
|
|
2nd Benefit Year anniversary
|
$53,900
|
$56,700
|
$56,700
|
|
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
|
PLEASE NOTE: The process to request LTC Benefits is involved and you should carefully consider
that you may need substantial
assistance from a family member or other trusted person to claim and obtain LTC Benefits
once you are receiving long-term care.
In this regard, our claims-processing department can help you if necessary. You should
plan ahead to ensure that a person you
trust has agreed to be responsible for completing the initial process, as well as
the ongoing requirements, discussed below.
|
Step 1:
|
You must first notify us by phone at 800-487-1485, or send written notice to: PO Box
21008, Dept. 0514, Greensboro, NC
27420-1008 of your intent to request LTC Benefits. We will process any notifications
or requests for LTC Benefits submitted
by you, or on your behalf by your legally authorized representative, which may include
a court-appointed conservator or an
individual acting under a valid power of attorney. Before starting the eligibility
process we will verify that the first contract
anniversary has passed.
|
Step 2:
|
Once we receive notification of your intent to request LTC Benefits, we will provide
you with claims forms which will be
used to determine your initial eligibility to receive LTC Benefits.
|
Step 3:
|
You must complete and submit the claims forms. This requires that you have a Licensed
Health Care Practitioner certify in a
written assessment that you are Chronically Ill and complete a Plan of Care for you,
which is a written plan of care that is
developed based on your written assessment and specifies the type, frequency and duration
of all Long-Term Care Services
you will need.
|
Step 4:
|
We will determine your eligibility based on the 1) assessment; 2) Plan of Care; and
3) whether you have been or will be
receiving Long-Term Care Services covered by the LTC Rider due to you being Chronically
Ill. Once we have determined
your eligibility for benefits, we will send you a Request for Benefits form to be
completed by you in order to receive LTC
Benefits.
|
Step 5:
|
You must submit a Request for Benefits form within 90 days after we have determined
that you are eligible for LTC Benefits.
The Request for Benefits form will be used to pay LTC Benefits for a period of up
to three months.
|
Step 6:
|
You must satisfy the 90 day deductible period before any LTC Benefits will be paid.
The 90-day deductible period is
measured from the date you first receive Long-Term Care Services. See the Deductible
Period paragraph later in this
section.
|
A Licensed Health Care Practitioner is a physician (as defined in Section 1861(r)(1)
of the Social Security Act, as amended); a
registered professional nurse; a licensed social worker; or another professional individual
who meets the requirements prescribed
by the United States Secretary of the Treasury.
|
The six Activities of Daily Living are:
|
|
1.
|
Bathing – the ability to wash oneself by sponge bath, or in either a tub or shower, including the task of getting into or out of
the tub or shower.
|
2.
|
Continence – the ability to maintain control of bowel and bladder function, the ability to perform associated personal
hygiene (including caring of a catheter or colostomy bag).
|
3.
|
Dressing – the ability to put on or take off all items of clothing and any necessary braces, fasteners or artificial limbs.
|
4.
|
Eating – the ability to feed oneself by getting food into the body from a receptacle (such as plate, cup or table) or by a
feeding tube or intravenously.
|
5.
|
Toileting – the ability to get to and from the toilet, get on or off the toilet, and perform associated personal hygiene.
|
6.
|
Transferring – the ability to move oneself into or out of a bed, chair or wheelchair.
|
Please Note: The amount you request in LTC Benefits may be more or less that your actual expenses
for Long-Term Care
Services. The LTC Rider is not a reimbursement plan and does not depend on your actual
expenses. However, if you receive
amounts in excess of the IRS limit, those amounts may be taxable unless you have actually
incurred long-term care expenses of
that amount. See General Provisions – Federal Taxation.
|
Every Three Months:
|
You must submit a new Request for Benefits form, which must be received by us no earlier
than 30 days prior
to the end of the current three-month period for which you are receiving LTC Benefits.
We will provide you
with a new Request for Benefits form prior to the end of the current three-month period.
If a new Request for
Benefits form is not submitted prior to the end of the current three-month period
for which you are receiving
LTC Benefits, we will automatically pay the LTC Benefit that you are receiving for
an additional month. If you
do not want to receive this payment you must contact us either by phone or in writing
at the address or
phone number provided above. LTC Benefits paid during that month will be equal to
the amount of the most
recent LTC Benefit payment paid to you. If we do not receive a Request for Benefits
form within 90 days after
the three-month period for which LTC Benefits were previously requested, you will
have to reestablish your
eligibility to receive benefits. Request for Benefits form are always available by
contacting us at 800-487-
1485.
|
Every Year:
|
At least once every 12 months after we have established your initial benefit eligibility,
a Licensed Health Care
Practitioner must (1) complete a new assessment on a form provided by us and again
certify that you are
Chronically Ill, and that you are expected to remain Chronically Ill for at least
90 days, and (2) either prescribe
a new Plan of Care, or reconfirm the existing Plan of Care. We will provide you with
a new assessment form
prior to the end of the current twelve-month period. The appropriate forms are always
available by contacting
us at 800-487-1485.
|
Acceleration Benefit
|
|
•
|
First payments made under the LTC Rider
|
•
|
Deducted from your Contract Value
|
•
|
Equals your initial Purchase Payment and any subsequent Purchase Payments made in
the first 90 days
|
•
|
Paid monthly up to a monthly maximum amount (referred to as Maximum Monthly Level
Benefit which is described in the
Determining LTC Benefits-Maximum Monthly Level Benefit section)
|
•
|
Payments reduce the LTC Guaranteed Amount and Acceleration Benefit
|
•
|
If the Contract Value is reduced to zero, benefits are paid by us from our general
account
|
•
|
Not affected by investment results
|
•
|
No surrender charges, although LTC Benefit payments will be applied against the Contract’s free withdrawal provision reducing
the amount you may otherwise withdraw without a surrender charge
|
Extension Benefit
|
|
•
|
Second payments made under the LTC Rider once Acceleration Benefit is reduced to zero
|
•
|
Paid by us from our general account
|
•
|
Equals double the Acceleration Benefit as of the 90th day after the contract date
|
•
|
Paid monthly up to a monthly maximum amount (referred to as Maximum Monthly Level
Benefit which is described in the
Determining LTC Benefits-Maximum Monthly Level Benefit section)
|
•
|
Payments reduce the Extension Benefit
|
•
|
Not affected by investment results
|
Growth Benefit
|
|
•
|
May be purchased for an additional cost
|
•
|
Increases the LTC Guaranteed Amount annually by the amount of investment gain, if
any, in the Subaccounts and any fixed
account
|
•
|
Payments made in addition to Acceleration Benefit and Extension Benefit payments
|
•
|
Deducted from your Contract Value
|
•
|
Paid monthly up to a monthly maximum amount that is different from the monthly maximum
amounts applicable to the
Acceleration Benefit and Extension Benefit and that may increase but will never decrease
based upon investment performance
|
•
|
Payments reduce the LTC Guaranteed Amount and Growth Benefit
|
•
|
If the Contract Value is reduced to zero, LTC benefits are paid by us from our general
account
|
•
|
Each annual step-up is not affected by subsequent investment results
|
•
|
No surrender charges, although LTC Benefit payments will be applied against the Contract’s free withdrawal provision reducing
the amount you may otherwise withdraw without a surrender charge
|
Withdrawals
|
|
•
|
Permitted any time in addition to LTC Benefit payments
|
Withdrawals
|
|
•
|
Unless the Growth Benefit has been elected, will not decrease LTC Benefits (but will
reduce Contract Value) to the extent annual
withdrawals are less than or equal to 5% of the excess amount, if any, of the Contract
Value over the LTC Guaranteed Amount as
of the immediately preceding contract anniversary
|
•
|
The amount of any withdrawal that exceeds 5% of the excess amount of the Contract
Value over the LTC Guaranteed Amount
will be an Excess Withdrawal (i.e., if the LTC Guaranteed Amount is greater than or
equal to the Contract Value on any contract
anniversary, any withdrawal will be an Excess Withdrawal)
|
•
|
If the Growth Benefit has been elected, ANY withdrawal is an Excess Withdrawal
|
•
|
Excess Withdrawals result in proportional reductions to all LTC Benefits by the same
percentage that the Excess Withdrawal
reduces the Contract Value
|
•
|
Thus, if you purchase the Growth Benefit option, any withdrawal will be an Excess
Withdrawal (unless you are age 76 or the
maximum LTC Guaranteed Amount limit of $800,000 has been reached, and your Contract
Value on the immediately preceding
contract anniversary exceeds the LTC Guaranteed Amount)
|
Acceleration Benefit Duration = the period of time over which Acceleration Benefits are paid. If you have not received
LTC Benefits
prior to the fifth contract anniversary, the minimum Acceleration Benefit Duration
will be 24 months (i.e., 2 years).
|
Acceleration Benefit = the initial Purchase Payment, plus each subsequent Purchase Payment made within
the first 90 days after
the contract date, less Excess Withdrawals (adjusted as described in this discussion),
less Acceleration Benefit payments. If you
have not elected the Growth Benefit, the LTC Guaranteed Amount equals the Acceleration
Benefit.
|
Excess Withdrawals will reduce the LTC Guaranteed Amount and Acceleration Benefit
by the same percentage that the Excess
Withdrawal reduces the Contract Value.
|
Extension Benefit Duration = the period of time over which Extension Benefits are paid. The Extension Benefit
Duration is initially
twice the length of the Acceleration Benefit Duration. If you have not received LTC
Benefits prior to the fifth contract anniversary,
the minimum Extension Benefit Duration will be 48 months (i.e., 4 years).
|
Extension Benefit = twice the initial Acceleration Benefit ( Purchase Payments within the first 90
days after the contract date), less
Excess Withdrawals (adjusted as described in this discussion), less Extension Benefit
payments.
|
Excess Withdrawals will reduce the LTC Guaranteed Amount and Extension Benefit by
the same percentage that the Excess
Withdrawal reduces the Contract Value.
|
Example: The following example shows the calculation of the LTC Guaranteed Amount, the Acceleration
Benefit and the Extension
Benefit as of the contract date, and the recalculation of those amounts after a subsequent
Purchase Payment is made prior to the
90th day after the contract date.
|
||
Initial Purchase Payment January 1 (contract date equals January 1):
|
$100,000
|
|
Contract Value January 1:
|
$100,000
|
|
LTC Guaranteed Amount January 1 (equals initial Purchase Payment):
|
$100,000
|
|
Acceleration Benefit January 1 (equals LTC Guaranteed Amount):
|
$100,000
|
|
Extension Benefit January 1 (2 x $100,000 Acceleration Benefit):
|
$200,000
|
|
Contract Value February 1 prior to subsequent Purchase Payment:
|
$110,000
|
|
Subsequent Purchase Payment received February 1:
|
$100,000
|
|
LTC Guaranteed Amount after subsequent Purchase Payment
|
|
|
|
($100,000 LTC Guaranteed Amount + $100,000 subsequent Purchase Payment made within
90 days of
contract date):
|
$200,000
|
Acceleration Benefit after subsequent Purchase Payment:
|
$200,000
|
|
Extension Benefit after subsequent Purchase Payment
|
|
|
|
(2 x $200,000 Acceleration Benefit):
|
$400,000
|
Contract Value after additional Purchase Payment:
|
$210,000
|
Maximum Monthly Level Benefit = the remaining Acceleration Benefit divided by the number of months of remaining
Acceleration
Benefit Duration. For example, if the Acceleration Benefit is $200,000 and the Acceleration
Benefit Duration as of the fifth contract
anniversary was 24 months, the Maximum Monthly Level Benefit would be $8,333.33 ($200,000/24).
|
IMPORTANT NOTE:
|
We designed the LTC Rider to function most optimally if you do not start receiving
LTC Benefits until on or after the fifth contract
anniversary. After the fifth contract anniversary, you can maximize your monthly LTC
Benefit payments and receive those
payments over the shortest period of time (which means you will have a shorter period
of time to access the money we pay from
our general account during the Extension Benefit period). This discussion assumes that you do not begin taking LTC Benefit
payments until after the fifth contract anniversary. However, because we wanted to provide you with the flexibility to begin
taking LTC Benefit payments prior to the fifth contract anniversary if the need arises,
we will highlight the impact of taking LTC
Benefit payments earlier in a later section. See “Determining LTC Benefits – Electing to Receive LTC Benefits Before the Fifth
Contract Anniversary.”
|
Type of Long-Term Care Services
|
Amount of Monthly Benefit You Can Request
|
If you are residing in a nursing home or are receiving hospice care:
|
You may request an amount up to the Maximum Monthly Level
Benefit amount. Contractowners with contracts issued in certain
states not listed below may also request up to the Maximum
Monthly Level Benefit amount if they are in an assisted living
facility.
|
If you are eligible and qualify for other qualified Long-Term Care
Services (such as but not limited to home health care, adult day
care, assisted living services), but are not residing in a nursing
home or receiving hospice care:
|
You may request only up to 50% of the Maximum Monthly Level
Benefit amount*. If upon commencement of a month you qualify to
receive up to 50% of the Maximum Monthly Level Benefit amount
and during that month you enter a nursing home or start to receive
hospice care, you will qualify to receive up to 100% of the
Maximum Monthly Level Benefit amount the following month.
|
Example: The following is an example of how taking less than the Maximum Monthly Level Benefit
impacts future Maximum
Monthly Level Benefit amounts and extends the Acceleration Benefit Duration and Extension
Benefit Duration. This example also
illustrates how the Maximum Monthly Level Benefit does not change after the fifth
Contract Year. Assume LTC Benefit payments
begin after the fifth contract anniversary and the owner receives 50% of the Maximum
Monthly Level Benefit each month.
|
||
On fifth contract anniversary:
|
|
|
Acceleration Benefit:
|
$100,000
|
|
Acceleration Benefit Duration:
|
24 months
|
|
Extension Benefit:
|
$200,000
|
|
Extension Benefit Duration:
|
48 months
|
|
Maximum Monthly Level Benefit ($100,000/24):
|
$4,166.67
|
|
Monthly LTC Benefit payment (50% of $4,166.67):
|
$2,083.33
|
|
On the sixth contract anniversary:
|
|
|
Remaining Acceleration Benefit:
|
|
|
|
($100,000 – LTC Benefit payments of $25,000 ($2,083.33 x 12))
|
$75,000
|
Remaining Acceleration Benefit Duration
|
|
|
(assuming the Contractowner continues to receive 50% of the Maximum Monthly Level
Benefit): ($75,000 /
$2,083.33)
|
36 months
|
Remaining Acceleration Benefit Duration
|
|
|
|
(if the Contractowner begins receiving 100% of the Maximum Monthly Level Benefit):
($75,000 / $4,166.67)
|
18 months
|
Remaining Extension Benefit:
|
$200,000
|
|
Remaining Extension Benefit Duration
|
|
|
|
(assuming the Contractowner continues to receive 50% of the Maximum Monthly Level
Benefit each year):
($200,000 / $2,083.33)
|
96 months
|
Remaining Acceleration Benefit Duration
|
|
|
|
(if the Contractowner begins receiving 100% of the Maximum Monthly Level Benefit):
($200,000 /
$4,166.67)
|
48 months
|
Automatic Step-Ups = On each contract anniversary, the LTC Guaranteed Amount will automatically step
up to the Contract Value
as of the contract anniversary if:
|
•
|
The Covered Life is still living and under age 76;
|
•
|
The Contract Value on that contract anniversary is greater than the LTC Guaranteed
Amount; and
|
•
|
The maximum LTC Guaranteed Amount limit has never been reached.
|
Excess Withdrawals will reduce the LTC Guaranteed Amount and Growth Benefit by the
same percentage that the Excess
Withdrawal reduces the Contract Value.
|
Example: Following is an example of how the automatic step-ups will work through the first
three contract anniversaries
(assuming no withdrawals).
|
||
Total Purchase Payments added to the Contract as of 90th day after the contract date:
|
$200,000
|
|
LTC Guaranteed Amount as of 90th day after the contract date equals total Purchase Payments made into the
Contract:
|
$200,000
|
|
Acceleration Benefit as of 90th day after the contract date:
|
$200,000
|
|
Total Contract Value on first contract anniversary reflecting investment gain:
|
$225,000
|
|
New LTC Guaranteed Amount on first contract anniversary:
|
|
|
|
(LTC Guaranteed Amount steps up since $225,000 is greater than LTC Guaranteed Amount
of $200,000)
|
$225,000
|
Growth Benefit on first contract anniversary
|
|
|
|
($225,000 LTC Guaranteed Amount - $200,000 Acceleration Benefit):
|
$ 25,000
|
Total Contract Value on second contract anniversary reflecting investment loss from
previous contract anniversary
|
|
|
|
($225,000 LTC Guaranteed Amount does not change as the Contract Value of $218,000
is less; $25,000
Growth Benefit does not change):
|
$218,000
|
Total Contract Value on third contract anniversary reflecting investment gain from
previous contract anniversary:
|
$240,000
|
|
New LTC Guaranteed Amount on third contract anniversary
|
|
|
|
(LTC Guaranteed Amount steps up as $240,000 is greater than LTC Guaranteed Amount
of $225,000):
|
$240,000
|
Growth Benefit on third contract anniversary
|
|
|
|
($240,000 LTC Guaranteed Amount - $200,000 Acceleration Benefit):
|
$ 40,000
|
The Maximum Monthly Growth Benefit amount = [i ÷ ((ii + iii) ÷ iv)] where:
|
|
(i)
|
equals the Growth Benefit on the contract anniversary;
|
(ii)
|
equals any remaining Acceleration Benefit on the contract anniversary;
|
(iii)
|
equals any remaining Extension Benefit on the contract anniversary; and
|
(iv)
|
equals the Maximum Monthly Level Benefit amount on the contract anniversary.
|
Maximum Monthly LTC Benefit amount = the Maximum Monthly Level Benefit amount plus the Maximum Monthly Growth Benefit
amount
|
Type of Long-Term Care Services
|
Amount of Monthly Benefit You Can Request
|
If you are residing in a nursing home or are receiving hospice care:
|
You may request an amount up to the Maximum Monthly LTC
Benefit amount. Contractowners with contracts issued in certain
states not listed below may also request up to the Maximum
Monthly LTC Benefit amount if they are in an assisted living facility.
|
If you are eligible and qualify for other qualified Long-Term Care
Services (such as but not limited to home health care, adult day
care, assisted living services), but are not residing in a nursing
home or receiving hospice care:
|
You may request only up to 50% of the Maximum Monthly LTC
Benefit amount*. If upon commencement of a month you qualify to
receive up to 50% of the Maximum Monthly LTC Benefit amount
and during that month you enter a nursing home or start to receive
hospice care, you will qualify to receive up to 100% of the
Maximum Monthly LTC Benefit amount the following month.
|
Example: The following is an example of how the Maximum Monthly Growth Benefit amount, Maximum
Monthly Level Benefit
amount and the Maximum Monthly LTC Benefit are calculated on the fifth contract anniversary
with growth of the Contract Value
from investment gains of $20,000 and assuming $100,000 Purchase Payments were made
prior to 90th day after the contract date.
|
||
Acceleration Benefit on fifth contract anniversary:
|
$100,000
|
|
Extension Benefit on fifth contract anniversary:
|
$200,000
|
|
Contract Value on fifth contract anniversary:
|
$120,000
|
LTC Guaranteed Amount on fifth contract anniversary steps-up to Contract Value of
$120,000:
|
$120,000
|
|
Growth Benefit
|
|
|
|
($120,000 LTC Guaranteed Amount - $100,000 Acceleration Benefit):
|
$20,000
|
Maximum Monthly Level Benefit
|
|
|
|
($100,000 ÷ 24 months of Acceleration Benefit Duration left):
|
$4,166.67
|
Maximum Monthly Growth Benefit
|
|
|
|
[$20,000 Growth Benefit ÷ (($100,000 Acceleration Benefit + $200,000 Extension Benefit) ÷ $4,166.67
Maximum Monthly Level Benefit)]:
|
$277.78
|
Maximum Monthly LTC Benefit ($4,166.67 + $277.78):
|
$4,444.45
|
Example: Continuing the prior example if, during the first six months of the Contract Year,
you requested that you be paid the
entire Maximum Monthly Growth Benefit each month and then for the other six months
you requested no Growth Benefit, there
will be unused Growth Benefit for that Contract Year of $1,666.68 ($277.78 Maximum
Monthly Growth Benefit x 6 months). On the
next contract anniversary, the Maximum Monthly Growth Benefit will increase because
there was unused Growth Benefit during
the current Contract Year.
|
LTC Benefit Duration Chart
|
|||
Contract Year of First
Request for Maximum
Level Benefit amounts
|
Acceleration
Benefit
Duration
|
Extension
Benefit
Duration
|
Total LTC
Benefit
Duration
|
1*
|
84 months
|
168 months
|
252 months
|
2
|
72 months
|
144 months
|
216 months
|
3
|
60 months
|
120 months
|
180 months
|
4
|
48 months
|
96 months
|
144 months
|
5
|
36 months
|
72 months
|
108 months
|
6+
|
24 months
|
48 months
|
72 months
|
Maximum Monthly Level Benefit (annualized)
based on when Acceleration Benefit payments begin
|
||||||
LTC Benefit
Duration
|
Contract
Year
|
Acceleration
Benefit
payments
Begin in
Year 2
|
Acceleration
Benefit payments
Begin in
Year 3
|
Acceleration
Benefit payments
Begin in
Year 4
|
Benefit payments
Begin in
Year 5
|
Acceleration
Benefit payments
Begin in
Year 6
|
Acceleration Benefit
|
1*
|
|
|
|
|
|
|
2
|
$16,667
|
|
|
|
|
|
3
|
$16,667
|
$20,000
|
|
|
|
|
4
|
$16,667
|
$20,000
|
$25,000
|
|
|
|
5
|
$16,667
|
$20,000
|
$25,000
|
$33,000
|
|
|
6
|
$16,667
|
$20,000
|
$25,000
|
$33,000
|
$50,000
|
|
7
|
$16,667
|
$20,000
|
$25,000
|
$33,000
|
$50,000
|
Extension Benefits
|
8
|
$16,667
|
$20,000
|
$25,000
|
$33,000
|
$50,000
|
|
9
|
$16,667
|
$20,000
|
$25,000
|
$33,000
|
$50,000
|
|
10
|
$16,667
|
$20,000
|
$25,000
|
$33,000
|
$50,000
|
|
11
|
$16,667
|
$20,000
|
$25,000
|
$33,000
|
$50,000
|
|
12
|
$16,667
|
$20,000
|
$25,000
|
$33,000
|
|
|
13
|
$16,667
|
$20,000
|
$25,000
|
$33,000
|
|
|
14
|
$16,667
|
$20,000
|
$25,000
|
|
|
|
15
|
$16,667
|
$20,000
|
$25,000
|
|
|
|
16
|
$16,667
|
$20,000
|
|
|
|
|
17
|
$16,667
|
$20,000
|
|
|
|
|
18
|
$16,667
|
|
|
|
|
|
19
|
$16,667
|
|
|
|
|
Example: Continuing the example illustrated by the chart, if you started to receive Acceleration
Benefit payments during the third
Contract Year, the Maximum Monthly Level Benefit would be calculated as follows:
|
||
LTC Guaranteed Amount as of second contract anniversary:
|
$100,000
|
|
Acceleration Benefit (equals LTC Guaranteed Amount):
|
$100,000
|
|
Extension Benefit (2 x Acceleration Benefit):
|
$200,000
|
|
Acceleration Benefit Duration (from LTC Benefit Duration chart):
|
60 months
|
|
Maximum Monthly Level Benefit
|
|
|
|
($100,000 Acceleration Benefit ÷ 60 months):
|
$1,666.67 or $20,000 per year
|
Extension Benefit Duration (from LTC Benefit Duration chart):
|
120 months
|
By electing to start receiving Acceleration Benefit payments in the third Contract
Year, the Maximum Monthly Level Benefit
(annualized) would be $20,000. If the Maximum Monthly Level Benefit were requested
and paid out each month, the Acceleration
Benefit Duration would be 60 months (5 years) followed by an Extension Benefit Duration
of 120 months (10 years). The total
available Acceleration and Extension Benefits would still be $300,000 ($100,000 Acceleration
Benefit plus $200,000 Extension
Benefit). If you waited to start receiving the Acceleration Benefit payments on or
after the fifth contract anniversary, the annual
benefit would have been $50,000 paid out over the minimum Acceleration and Extension
Benefit Durations of 24 and 48 months
respectively.
|
||
If you are receiving the Maximum Monthly Level Benefit each month, the Maximum Monthly
Level Benefit will not change the
following Contract Year. If you receive less than the Maximum Monthly Level Benefit
amount in any Contract Year prior to the
fifth contract anniversary, the Maximum Monthly Level Benefit will be recalculated
on the contract anniversary and will increase.
In addition, the minimum Extension Benefit Duration will be recalculated on the contract
anniversary and will decrease due to the
higher Maximum Monthly Level Benefit amount. The Extension Benefit Duration will be
recalculated to equal the Extension
Benefit divided by the recalculated Maximum Monthly Level Benefit.
|
Example: Continuing the previous example, the following is an example of how the Maximum Monthly
Level Benefit amount and
the minimum Extension Benefit Duration are recalculated on the third contract anniversary
where less than the Maximum Monthly
Level Benefit amount has been requested. The example assumes the Level Benefit option
has been chosen. The $100,000 LTC
Guaranteed Amount as of the second contract anniversary has been reduced by Acceleration
Benefit payments of only $10,000
(paid in the third Contract Year) of the available annual amount of $20,000.
|
||
LTC Guaranteed Amount as of the third contract anniversary
|
|
|
|
($100,000 - $10,000 LTC Benefit payment in prior Contract Year):
|
$90,000
|
Acceleration Benefit (equals the LTC Guaranteed Amount):
|
$90,000
|
|
Extension Benefit (has not been reduced as no Extension Benefits have been paid):
|
$200,000
|
|
Acceleration Benefit Duration:
|
48 months
|
|
Maximum Monthly Level Benefit
|
|
|
|
($90,000 Acceleration Benefit ÷ 48 months):
|
$1,875.00 or $22,500 per year
|
Extension Benefit Duration
|
|
|
|
($200,000 Extension Benefit ÷ $1,875 Maximum Monthly Level Benefit):
|
107 months
|
The remaining Acceleration Benefit Duration after the third contract anniversary is
48 months. The new Maximum Monthly Level
Benefit amount increases to $22,500 (annualized) and the Extension Benefit Duration
decreases to 107 months due to receiving
less than the Maximum Monthly Level Benefit amount. Only one-half of the Maximum Monthly
Level Benefit amount ($937.50) will
be available to you if you are not confined to a nursing home or are not receiving
hospice care.
|
||
On the fifth contract anniversary, we will recalculate the Maximum Monthly Level Benefit
amount for the last time and it will not
change thereafter unless you make an Excess Withdrawal. If after the fifth contract
anniversary, you receive less than the
Maximum Monthly Level Benefit amount in any given month, the Maximum Monthly Level
Benefit amount will not be increased;
but the Acceleration Benefit Duration or Extension Benefit Duration will be increased
and will equal the remaining Acceleration
Benefit or Extension Benefit divided by the Maximum Monthly Level Benefit amount.
|
Conforming Withdrawal = any withdrawal that does not exceed during a Contract Year the greater of $0 and
(a) minus (b) where:
|
|
(a)
|
equals 5% of the difference of the Contract Value over the LTC Guaranteed Amount as
of the most recent contract
anniversary (or, prior to the first contract anniversary, the contract date); and
|
(b)
|
equals all prior withdrawals in that Contract Year.
|
More specifically, Excess Withdrawals reduce various benefits in accordance with the
following formula:
|
|
•
|
Multiply the benefit being affected (i.e., the Acceleration Benefit) before the Excess Withdrawal by (1 – the Reduction
Percentage due to Excess Withdrawal).
|
•
|
The Reduction Percentage due to Excess Withdrawal = Excess Withdrawal ÷ Contract Value before the Excess Withdrawal.
|
Importantly, this means that the reduction could be more than the dollar amount withdrawn.
|
Example: The following example shows how an Excess Withdrawal, in a declining market, reduces
the Acceleration Benefit, LTC
Guaranteed Amount, Maximum Monthly Level Benefit, Extension Benefit, Maximum Monthly
Growth Benefit and Growth Benefit.
The example assumes you have chosen the Growth Benefit option. Since the LTC Guaranteed
Amount is greater than the Contract
Value, any withdrawal is an Excess Withdrawal and there is no Conforming Withdrawal
amount.
|
||
LTC Guaranteed Amount:
|
$320,000
|
|
Acceleration Benefit:
|
$120,000
|
|
Extension Benefit:
|
$240,000
|
|
Maximum Monthly Level Benefit:
|
$5,000
|
|
Growth Benefit:
|
$200,000
|
|
Maximum Monthly Growth Benefit:
|
$2,778
|
|
Excess Withdrawal from Contract Value:
|
$4,000
|
|
Contract Value immediately prior to Excess Withdrawal:
|
$85,000
|
|
Reduction Percentage due to Excess Withdrawal
|
|
|
|
[$4,000 Excess Withdrawal ÷ $85,000 Contract Value]:
|
4.71%
|
LTC Guaranteed Amount after Excess Withdrawal
|
|
|
|
[$320,000 LTC Guaranteed Amount x (1-4.71%)]:
|
$304,928
|
Extension Benefit after Excess Withdrawal
|
|
|
|
[$240,000 x (1-4.71%)]:
|
$228,696
|
Maximum Monthly Level Benefit after Excess Withdrawal
|
|
|
|
[$5,000 Maximum Monthly Level Benefit x (1-4.71%)]:
|
$4,765
|
Growth Benefit after Excess Withdrawal [$200,000 Growth Benefit x (1-4.71%)]:
|
$190,580
|
|
Maximum Monthly Growth Benefit after Excess Withdrawal
|
|
|
[$2,778 Maximum Monthly Growth Benefit x (1-4.71%)]:
|
$2,647
|
Age on
Contract Date
|
Percent Over Initial
Charge
|
Age
|
Percent Over Initial
Charge
|
45 – 49
|
130%
|
66
|
48%
|
50 – 54
|
110%
|
67
|
46%
|
55 – 59
|
90%
|
68
|
44%
|
60
|
70%
|
69
|
42%
|
61
|
66%
|
70
|
40%
|
62
|
62%
|
71
|
38%
|
63
|
58%
|
72
|
36%
|
64
|
54%
|
73
|
34%
|
65
|
50%
|
74
|
32%
|
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 & Joint Life
Option*
|
55 – 58
|
4.50%
|
4.00%
|
55+
|
3.00%
|
59 – 64
|
5.50%
|
5.00%
|
|
|
65 – 74
|
6.50%
|
6.00%
|
|
|
75 +
|
7.00%
|
6.50%
|
|
|
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 – 74
|
6.50%
|
6.00%
|
|
|
75 +
|
7.00%
|
6.50%
|
|
|
TABLE A
|
TABLE B
|
|||
Age
|
Single Life
Option
|
Joint Life
Option*
|
Age
|
Single Life & Joint Life
Option*
|
55 – 58
|
4.00%
|
3.50%
|
55+
|
3.00%
|
59 – 64
|
5.00%
|
4.50%
|
|
|
65 – 74
|
6.00%
|
5.50%
|
|
|
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%
|
Age
|
PAI Rate
|
0 – 54
|
4.50%
|
55 – 58
|
5.00%
|
59 – 69
|
5.50%
|
70+
|
6.00%
|
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%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
75 – 79
|
4.50%
|
75 – 79
|
3.50%
|
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%
|
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%
|
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%
|
Single Life Option
|
Joint Life Option
|
||
Age
|
GIB Percentage*
|
Age
(younger of you and
your spouse’s age)
|
GIB Percentage*
|
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%
|
Single & Joint Life Option*
|
Single & Joint Life Option*
|
Age
|
Percentage of Account
Value or Protected Income Base**
|
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%
|
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 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 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 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 between May 21,
2018 and
April 30, 2024
|
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%
|
SAI 2
Contents
|
Page
|
B-2
|
|
B-2
|
|
B-2
|
|
B-2
|
|
B-3
|
|
B-3
|
|
B-4
|
|
B-4
|
|
B-5
|
Contents
|
Page
|
B-5
|
|
B-5
|
|
B-5
|
|
B-7
|
|
B-8
|
|
B-8
|
|
B-8
|
|
B-9
|
Single Premium
|
$50,000
|
Premium taxes
|
None
|
Withdrawals
|
None
|
Guaranteed Period
|
5 years
|
Guaranteed Interest Rate
|
3.50%
|
Annuity Date
|
Age 70
|
Index Rate A
|
3.50%
|
Index Rate B
|
4.00% End of Contract Year 1
3.50% End of Contract Year 2
3.00% End of Contract Year 3
2.00% End of Contract Year 4
|
Percentage adjustment to B
|
0.50%
|
Interest Adjustment Formula
|
(1 + Index A)n
|
-1
|
n = Remaining Guaranteed Period
|
(1 + Index B + % Adjustment)n
|
Contract Year
|
(1)
Annuity
Value
|
(2)
1 + Interest
Adjustment Formula
|
(3)
Adjusted
Annuity
Value
|
(4)
Minimum
Value
|
(5)
Greater of
(3) & (4)
|
(6)
Surrender
Charge
|
(7)
Surrender
Value
|
1
|
$51,710
|
0.962268
|
$49,759
|
$50,710
|
$50,710
|
$4,250
|
$46,460
|
2
|
$53,480
|
0.985646
|
$52,712
|
$51,431
|
$52,712
|
$4,250
|
$48,462
|
3
|
$55,312
|
1.000000
|
$55,312
|
$52,162
|
$55,312
|
$4,000
|
$51,312
|
4
|
$57,208
|
1.009756
|
$57,766
|
$52,905
|
$57,766
|
$3,500
|
$54,266
|
5
|
$59,170
|
N/A
|
$59,170
|
$53,658
|
$59,170
|
$3,000
|
$56,170
|
Contract Year
|
BOY*
Annuity
Value
|
|
Guaranteed
Interest Rate
|
|
Annual
Account
Fee
|
|
EOY**
Annuity
Value
|
1
|
$50,000
|
x
|
1.035
|
-
|
$40
|
=
|
$51,710
|
2
|
$51,710
|
x
|
1.035
|
-
|
$40
|
=
|
$53,480
|
3
|
$53,480
|
x
|
1.035
|
-
|
$40
|
=
|
$55,312
|
4
|
$55,312
|
x
|
1.035
|
-
|
$40
|
=
|
$57,208
|
5
|
$57,208
|
x
|
1.035
|
-
|
$40
|
=
|
$59,170
|
Contract Year
|
Surrender
Charge
Factor
|
|
Deposit
|
|
Surrender
Charge
|
1
|
8.5%
|
x
|
$50,000
|
=
|
$4,250
|
2
|
8.5%
|
x
|
$50,000
|
=
|
$4,250
|
3
|
8.0%
|
x
|
$50,000
|
=
|
$4,000
|
4
|
7.0%
|
x
|
$50,000
|
=
|
$3,500
|
5
|
6.0%
|
x
|
$50,000
|
=
|
$3,000
|
Contract Year
|
Index A
|
Index B
|
Adj Index B
|
N
|
Result
|
1
|
3.50
%
|
4.00
%
|
4.50
%
|
4
|
0.962268
|
2
|
3.50
%
|
3.50
%
|
4.00
%
|
3
|
0.985646
|
3
|
3.50
%
|
3.00
%
|
3.50
%
|
2
|
1.000000
|
4
|
3.50
%
|
2.00
%
|
2.50
%
|
1
|
1.009756
|
5
|
3.50
%
|
N/A
|
N/A
|
N/A
|
N/A
|
Contract Year
|
|
|
Minimum
Guaranteed
Interest Rate
|
|
Annual
Account
Fee
|
|
Minimum
Value
|
1
|
$50,000
|
x
|
1.015
|
-
|
$40
|
=
|
$50,710
|
2
|
$50,710
|
x
|
1.015
|
-
|
$40
|
=
|
$51,431
|
3
|
$51,431
|
x
|
1.015
|
-
|
$40
|
=
|
$52,162
|
4
|
$52,162
|
x
|
1.015
|
-
|
$40
|
=
|
$52,905
|
5
|
$52,905
|
x
|
1.015
|
-
|
$40
|
=
|
$53,658
|
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 |