N-4
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May 01, 2025
USD ($)
yr
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| Prospectus: |
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| Document Type |
N-4
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| Entity Registrant Name |
LINCOLN LIFE & ANNUITY VARIABLE ANNUITY ACCOUNT H
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| Entity Central Index Key |
0001045008
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| Entity Investment Company Type |
N-4
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| Document Period End Date |
May 01, 2025
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| Amendment Flag |
false
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| NY American Legacy Signature 1 2025 |
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| Prospectus: |
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| Fees and Expenses [Text Block] |
Charges for Early
Withdrawals |
A surrender charge may apply to a surrender or withdrawal of a Purchase Payment prior
to the 7th anniversary since the Purchase Payment was invested, 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amount withdrawn, declining to 0% over that time period.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assessed a charge of up to $7,000 on the Purchase Payment withdrawn. A surrender
charge will not apply if your withdrawal is made after the 7th anniversary since a
Purchase Payment was invested. |
●Charges and
Other
Deductions –
Surrender
Charge |
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There is currently no charge for a transfer. We reserve the right to charge a $25 fee for
each transfer if you make more than 12 transfers in one Contract Year. |
●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. |
●Charges and
Other
Deductions |
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Base Contract – Account Value Death
Benefit |
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Base Contract – Guarantee of Principal
Death Benefit |
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Base Contract – Enhanced Guaranteed
Minimum Death Benefit |
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Investment options (fund fees and
expenses) |
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Optional benefits available for an
additional charge (for a single optional
benefit, if elected) |
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1 As a percentage of average Account Value in the Subaccounts. |
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2 As an annualized percentage of the Protected Income Base. |
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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.
Current fees for optional benefits are stated on a Rate Sheet supplement to this
prospectus. |
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Lowest Annual Cost: $2,359 |
Highest Annual Cost: $5,807 |
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●Least expensive fund fees and
expenses
●No additional Purchase Payments,
transfers, or withdrawals |
●Most expensive combination of
optional benefits, fund fees and
expenses
●No additional Purchase Payments,
transfers, or withdrawals |
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| Charges for Early Withdrawals [Text Block] |
Charges for Early
Withdrawals |
A surrender charge may apply to a surrender or withdrawal of a Purchase Payment prior
to the 7th anniversary since the Purchase Payment was invested, 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. A surrender
charge will not apply if your withdrawal is made after the 7th anniversary since a
Purchase Payment was invested. |
●Charges and
Other
Deductions –
Surrender
Charge |
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| Surrender Charge Phaseout Period, Years | yr |
7
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| Surrender Charge (of Purchase Payments) Maximum [Percent] |
7.00%
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| Surrender Charge Example Maximum [Dollars] |
$ 7,000
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| Transaction Charges [Text Block] |
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There is currently no charge for a transfer. We reserve the right to charge a $25 fee for
each transfer if you make more than 12 transfers in one Contract Year. |
●Charges and
Other
Deductions |
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| Ongoing Fees and Expenses [Table Text Block] |
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. |
●Charges and
Other
Deductions |
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Base Contract – Account Value Death
Benefit |
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Base Contract – Guarantee of Principal
Death Benefit |
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Base Contract – Enhanced Guaranteed
Minimum Death Benefit |
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Investment options (fund fees and
expenses) |
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Optional benefits available for an
additional charge (for a single optional
benefit, if elected) |
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1 As a percentage of average Account Value in the Subaccounts. |
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2 As an annualized percentage of the Protected Income Base. |
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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.
Current fees for optional benefits are stated on a Rate Sheet supplement to this
prospectus. |
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Lowest Annual Cost: $2,359 |
Highest Annual Cost: $5,807 |
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●Least expensive fund fees and
expenses
●No additional Purchase Payments,
transfers, or withdrawals |
●Most expensive combination of
optional benefits, fund fees and
expenses
●No additional Purchase Payments,
transfers, or withdrawals |
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| Base Contract (N-4) Footnotes [Text Block] |
1 As a percentage of average Account Value in the Subaccounts.
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| Investment Options (of Average Annual Net Assets) Minimum [Percent] |
0.78%
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| Investment Options (of Average Annual Net Assets) Maximum [Percent] |
1.20%
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| Investment Options Footnotes [Text Block] |
1 As a percentage of average Account Value in the Subaccounts.
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| Optional Benefits Minimum [Percent] |
0.40%
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| Optional Benefits Maximum [Percent] |
2.45%
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| Optional Benefits Footnotes [Text Block] |
1 As a percentage of average Account Value in the Subaccounts.2 As an annualized percentage of the Protected Income Base.
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| Lowest and Highest Annual Cost [Table Text Block] |
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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.
Current fees for optional benefits are stated on a Rate Sheet supplement to this
prospectus. |
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Lowest Annual Cost: $2,359 |
Highest Annual Cost: $5,807 |
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●Least expensive fund fees and
expenses
●No additional Purchase Payments,
transfers, or withdrawals |
●Most expensive combination of
optional benefits, fund fees and
expenses
●No additional Purchase Payments,
transfers, or withdrawals |
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| Lowest Annual Cost [Dollars] |
$ 2,359
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| Highest Annual Cost [Dollars] |
$ 5,807
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| Risks [Table Text Block] |
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●You can lose money by investing in this Contract, including loss of principal. |
●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. |
●Surrender and
Withdrawals
●Charges and
Other
Deductions
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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. |
●Investments of
the Variable
Annuity
Account |
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●An investment in the Contract is subject to the risks related to Lincoln New York. 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
New York, including our financial strength ratings, is available upon request by
calling 1-800-942-5500 or visiting www.LincolnFinancial.com. |
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| Investment Restrictions [Text Block] |
●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 charge a $25 fee for each transfer if you make more than 12 transfers in one Contract Year. ●We reserve the right to remove or substitute any funds as investment options that are available under the Contract.●Additional Purchase Payments are not allowed after 90 days from the date the application is received by us.●Your ability to transfer between investment options may also be restricted as a result of Investment Requirements if you have elected an optional benefit.
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| Optional Benefit Restrictions [Text Block] |
●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 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.
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| Tax Implications [Text Block] |
●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.
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| Investment Professional Compensation [Text Block] |
●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.
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| Exchanges [Text Block] |
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.
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| Item 4. Fee Table [Text Block] |
Fee TablesThe following tables describe the fees and expenses that you will pay when buying, owning, and surrendering or making withdrawals from the Contract. 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. The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender or make withdrawals from the Contract, or transfer Contract Value between investment options, and/or the fixed account (if available). State premium taxes may also be deducted. Currently there is no premium tax levied for New York residents.
TRANSACTION EXPENSES
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Maximum Surrender Charge (as a percentage of Purchase Payments surrendered/withdrawn):1 |
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| 1The surrender charge percentage is reduced over a 7-year period at the following rates: 7%, 7%, 6%, 6%, 5%, 4%, 3% (7%, 6%, 6%, 5%, 4%, 3%, 2%.2The transfer charge will not be imposed on the first 12 transfers during a Contract Year. We reserve the right to charge a $25 fee for the 13th and each additional transfer during any Contract Year, excluding automatic dollar cost averaging, portfolio rebalancing and cross-reinvestment transfers.The next table describes the fees and expenses that you will pay each year during the time that you own the Contract (not including fund fees and expenses). If you choose to purchase an optional benefit, you will pay additional charges, as shown below.
ANNUAL CONTRACT EXPENSES
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Administrative Expense (Annual Account Fee):1 |
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Base Contract Expenses (as a percentage of average Account Value in the Subaccounts)2
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Account Value Death Benefit |
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Guarantee of Principal Death Benefit |
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Enhanced Guaranteed Minimum Death Benefit (EGMDB) |
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Optional Benefit3 Expenses (Protected Lifetime Income Fees) |
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Lincoln Market Select® Advantage:4, 5
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Guaranteed Maximum Annual Charge |
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| 1During the accumulation phase, the account fee will be deducted from your Contract Value on each contract anniversary, or upon surrender of the Contract. The account fee will be waived if your Contract Value is $100,000 or more on the contract anniversary (or date of surrender).2Each base contract expense includes an administrative charge of 0.10%.3i4LIFE® Advantage cannot be held concurrently with another Living Benefit Rider.4The current charge for new elections of this rider is disclosed in a Rate Sheet. 5As an annualized percentage of the Protected Income Base, as increased for subsequent Purchase Payments, Account Value Step-ups and Enhancements, and decreased by Excess Withdrawals. This fee is deducted from the Contract Value proportionately on a quarterly basis. This same fee applies when transitioning to the i4LIFE® Advantage Select Guaranteed Income Benefit. See Charges and Other Deductions – Protected Lifetime Income Fees for more information about your Living Benefit Rider.6As an annualized percentage of average Account Value, computed daily. This charge is assessed only on and after the effective date of i4LIFE® Advantage and is added to your base contract expense. These charges continue during the Access Period. During the Lifetime Income Period, the i4LIFE® Advantage charge rate of 0.40% is added to the Account Value Death Benefit base contract expense. See Charges and Other Deductions – i4LIFE® Advantage Charge for more information. The next item shows the minimum and maximum total annual operating expenses charged by the funds that you may pay periodically during the time that you own the Contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of funds available under the Contract, including their annual expenses, may be found in an appendix to this prospectus. See Appendix A: Funds Available Under the Contract.
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Expenses that are deducted from the fund assets, including
management fees, distribution and/or service (12b-1) fees, and other
expenses before reimbursements. |
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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 |
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| 1Any expense waivers or reimbursements will remain in effect until at least April 30, 2026, and can only be terminated early with approval by the fund’s board of directors.Appendix F — Current Rider Charges for Previous ElectionsThe following tables reflect the current charge for optional Living Benefit Riders by election date. The current charges for new elections are disclosed in a Rate Sheet supplement. Optional Protected Lifetime Income Fees:
Lincoln Market Select® Advantage
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Riders elected between February 18, 2025 and April 30, 2025 |
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i4LIFE® Advantage Guaranteed Income Benefit for Contractowners who Transition from Lincoln Market Select® Advantage
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i4LIFE® Advantage Select Guaranteed Income Benefit for Lincoln Market Select® Advantage riders elected
between February 18, 2025 and April 30, 2025 |
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| Transaction Expenses [Table Text Block] |
TRANSACTION EXPENSES
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Maximum Surrender Charge (as a percentage of Purchase Payments surrendered/withdrawn):1 |
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| 1The surrender charge percentage is reduced over a 7-year period at the following rates: 7%, 7%, 6%, 6%, 5%, 4%, 3% (7%, 6%, 6%, 5%, 4%, 3%, 2%.2The transfer charge will not be imposed on the first 12 transfers during a Contract Year. We reserve the right to charge a $25 fee for the 13th and each additional transfer during any Contract Year, excluding automatic dollar cost averaging, portfolio rebalancing and cross-reinvestment transfers.
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| Deferred Sales Load (of Purchase Payments), Maximum [Percent] |
7.00%
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| Deferred Sales Load, Footnotes [Text Block] |
The surrender charge percentage is reduced over a 7-year period at the following rates: 7%, 7%, 6%, 6%, 5%, 4%, 3% (7%, 6%, 6%, 5%, 4%, 3%, 2%.
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| Exchange Fee, Maximum [Dollars] |
$ 25
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| Exchange Fee, Footnotes [Text Block] |
The transfer charge will not be imposed on the first 12 transfers during a Contract Year. We reserve the right to charge a $25 fee for the 13th and each additional transfer during any Contract Year, excluding automatic dollar cost averaging, portfolio rebalancing and cross-reinvestment transfers.
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| Annual Contract Expenses [Table Text Block] |
ANNUAL CONTRACT EXPENSES
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Administrative Expense (Annual Account Fee):1 |
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Base Contract Expenses (as a percentage of average Account Value in the Subaccounts)2
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Account Value Death Benefit |
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Guarantee of Principal Death Benefit |
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Enhanced Guaranteed Minimum Death Benefit (EGMDB) |
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Optional Benefit3 Expenses (Protected Lifetime Income Fees) |
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Lincoln Market Select® Advantage:4, 5
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Guaranteed Maximum Annual Charge |
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| 1During the accumulation phase, the account fee will be deducted from your Contract Value on each contract anniversary, or upon surrender of the Contract. The account fee will be waived if your Contract Value is $100,000 or more on the contract anniversary (or date of surrender).2Each base contract expense includes an administrative charge of 0.10%.3i4LIFE® Advantage cannot be held concurrently with another Living Benefit Rider.4The current charge for new elections of this rider is disclosed in a Rate Sheet. 5As an annualized percentage of the Protected Income Base, as increased for subsequent Purchase Payments, Account Value Step-ups and Enhancements, and decreased by Excess Withdrawals. This fee is deducted from the Contract Value proportionately on a quarterly basis. This same fee applies when transitioning to the i4LIFE® Advantage Select Guaranteed Income Benefit. See Charges and Other Deductions – Protected Lifetime Income Fees for more information about your Living Benefit Rider.6As an annualized percentage of average Account Value, computed daily. This charge is assessed only on and after the effective date of i4LIFE® Advantage and is added to your base contract expense. These charges continue during the Access Period. During the Lifetime Income Period, the i4LIFE® Advantage charge rate of 0.40% is added to the Account Value Death Benefit base contract expense. See Charges and Other Deductions – i4LIFE® Advantage Charge for more information.
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| Administrative Expense, Maximum [Dollars] |
$ 35
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| Administrative Expense, Footnotes [Text Block] |
During the accumulation phase, the account fee will be deducted from your Contract Value on each contract anniversary, or upon surrender of the Contract. The account fee will be waived if your Contract Value is $100,000 or more on the contract anniversary (or date of surrender).
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| Base Contract Expense, Footnotes [Text Block] |
Each base contract expense includes an administrative charge of 0.10%.
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| Annual Portfolio Company Expenses [Table Text Block] |
The next item shows the minimum and maximum total annual operating expenses charged by the funds that you may pay periodically during the time that you own the Contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of funds available under the Contract, including their annual expenses, may be found in an appendix to this prospectus. See Appendix A: Funds Available Under the Contract.
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Expenses that are deducted from the fund assets, including
management fees, distribution and/or service (12b-1) fees, and other
expenses before reimbursements. |
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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 |
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| 1Any expense waivers or reimbursements will remain in effect until at least April 30, 2026, and can only be terminated early with approval by the fund’s board of directors.
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| Portfolio Company Expenses [Text Block] |
Expenses that are deducted from the fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses before reimbursements.
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| Portfolio Company Expenses Minimum [Percent] |
0.78%
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| Portfolio Company Expenses Maximum [Percent] |
1.20%
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| Portfolio Company Expenses, Footnotes [Text Block] |
Any expense waivers or reimbursements will remain in effect until at least April 30, 2026, and can only be terminated early with approval by the fund’s board of directors.
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| Surrender Example [Table Text Block] |
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| Annuitize Example [Table Text Block] |
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| No Surrender Example [Table Text Block] |
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| Item 5. Principal Risks [Table Text Block] |
Principal RisksThe principal risks of investing in the Contract include:Risk of Loss. You can lose money by investing in this Contract, including loss of principal. Neither the U.S. Government nor any federal agency insures or guarantees your investment in the Contract.Short-Term Investment Risk. This Contract is not designed for short-term investing and is not appropriate for an investor who needs ready access to cash. The benefits of tax deferral, long-term income, and living benefit protections also mean that the Contract is more beneficial to investors with a long-term horizon.Variable Option Risk. You take all the investment risk on the Contract Value and the retirement income for amounts placed into one or more of the Subaccounts, which invest in corresponding underlying funds. If the Subaccounts you select make money, your Contract Value goes up; if they lose money, your Contract Value goes down. How much it goes up or down depends on the performance of the Subaccounts you select. Each underlying fund is subject to its own investment risks. When you invest in a Subaccount, you are exposed to the investment risks of the underlying fund.Investment Requirements Risk. If you elect an optional benefit, you may be subject to Investment Requirements, which means you may not be permitted to invest in certain investment options or you may be permitted to invest in certain investment options only to a limited extent. Failing to satisfy applicable Investment Requirements may result in the termination of your optional benefit. We impose Investment Requirements to reduce the risk of investment losses that may require us to use our own assets to make guaranteed payments under an optional benefit. In turn, your compliance with the Investment Requirements could limit your participation in market gains. This may conflict with your investment objectives by limiting your ability to maximize potential growth of your Contract Value and the value of your guaranteed benefits. Managed Volatility Fund Risk. Certain underlying funds may employ risk management strategies to provide for downside protection during sharp downward movements in equity markets. These funds usually, but not always, have “Managed Risk” or “Managed Volatility” in the name of the fund. These strategies could limit the upside participation of the fund in rising equity markets relative to other funds. The optional Death Benefits and Living Benefit Riders offered under the Contract also provide protection in the event of a market downturn. Likewise, there are additional costs associated with these Death Benefits and Living Benefit Riders, which can limit the Contract’s upside participation in the markets. Many of these funds are included in the Investment Requirements associated with certain Living Benefit Riders. Risk management strategies, in periods of high market volatility, could limit your participation in market gains. This may conflict with your investment objectives by limiting your ability to maximize potential growth of your Contract Value and the value of your guaranteed benefits. For more information on these funds and their risk management strategies, please see the funds’ prospectuses.Withdrawal Risk (Illiquidity Risk). You should carefully consider the risks associated with taking a withdrawal or surrender under the Contract. If you take a withdrawal or surrender the Contract, any applicable surrender charges will reduce the value of your Contract or the amount of money that you ultimately receive. The proceeds of your withdrawal or surrender may be subject to ordinary income taxes, including a tax penalty if you are younger than age 59½. You should also consider the impact that a withdrawal may have on the standard and optional benefits under your Contract. For example, under certain Living Benefit Riders, excess or early withdrawals may reduce the value of the guaranteed benefit by an amount greater than the amount withdrawn and could result in termination of the benefit.Transfer Risk. Your ability to transfer amounts between investment options is subject to restrictions. You are generally restricted to no more than 12 transfers per Contract Year. 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. If permitted by your Contract, we may discontinue accepting transfers into the fixed side of the contract at any time. Your ability to transfer between investment options may also be restricted as a result of Investment Requirements if you have elected an optional benefit.Purchase Payment Risk. No Purchase Payments will be accepted after 90 days from the date the application is received. After that time, you will be unable to increase your Contract Value or Death Benefit by making subsequent Purchase Payments. Purchase Payments totaling $2 million or more are subject to Servicing Office approval. This amount takes into consideration the total Purchase Payments for all variable annuity contracts issued by the Company (or its affiliates) (excluding any version of Lincoln Level Advantage® and Lincoln Level Advantage 2® contracts) for the same Contractowner, joint owner, and/or Annuitant.Beginning May 19, 2025, Purchase Payments totaling $5 million or more are subject to Servicing Office approval ($2 million or more where a Living Benefit Rider or Death Benefit rider was elected excluding the Account Value Death Benefit and/or i4LIFE® Advantage without the Guaranteed Income Benefit). Both amounts take into consideration the total Purchase Payments for all variable annuity contracts issued by the Company (or its affiliates) (excluding all Lincoln Level Advantage® and Lincoln Level Advantage 2® contracts) for the same Contractowner, joint owner, and/or Annuitant. For more information about these restrictions and limitations, see The Contracts – Purchase Payments.Election of Optional Benefit Risk. There are a variety of optional benefits under the Contract that are designed for different financial goals and to protect against different financial risks. There is a risk that you may not choose the benefit or benefits that are best suited for you based on your present or future needs and circumstances. In addition, if you elect an optional benefit and do not use it, or if the contingencies upon which the benefit depend never occur, you will have paid for a benefit that did not provide a financial return. There is also a risk that a financial return of an optional benefit, if any, will ultimately be less than the amount you paid for the benefit. You should consult with your registered representative to determine which optional benefits (if any) are appropriate for you.Fee and Expense Risk. You are subject to the risk that we may increase certain contract fees and charges, and that underlying fund expenses may increase.Financial Strength and Claims-Paying Ability Risk. An investment in the Contract is subject to the risks related to us, Lincoln New York. 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.Cybersecurity and Business Interruption Risks. We rely heavily on our computer systems and those of our business partners and service providers to conduct our business. As such, our business is vulnerable to cybersecurity risks and business interruption risks. These risks include, among other things, the theft, loss, misuse, corruption and destruction of data; interference with or denial of service; attacks on websites or systems; operational disruptions; and unauthorized release of confidential customer or business information. Cybersecurity risks affecting us, any third-party administrators, underlying funds, index providers, intermediaries, and service providers may adversely affect us and/or your Contract. For instance, systems failures and cyberattacks may interfere with our processing of Contract transactions, including order processing; impact our ability to calculate Accumulation Unit values or other Contract values; cause the release and possible destruction of confidential customer or business information; and/or subject us to regulatory fines, litigation, financial losses or reputational damage. Cybersecurity risks may also impact the issuers of securities in which the underlying funds invest (or the securities that compose an Index), which may cause your Contract to lose value. There can be no assurance that systems disruptions, cyberattacks and information security breaches will always be detected, prevented, or avoided in the future. In addition to cybersecurity risks, we are exposed to risks related to natural and man-made disasters, such as (but not limited to) storms, fires, floods, earthquakes, public health crises, malicious acts, and terrorist acts. Any such disasters could interfere with our business and our ability to administer the Contract. For example, they could lead to delays in our processing of Contract transactions, including orders from Contract owners, or could negatively impact our ability to calculate Accumulation Unit values or other Contract Values. They may also impact the issuers of securities in which the underlying funds invest (or the securities that compose an Index), which may cause your Contract to lose value. There can be no assurance that negative impacts associated with natural and man-made disasters will always be avoided.
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| Item 10. Benefits Available (N-4) [Text Block] |
Benefits Available Under the ContractThe following tables summarize information about the benefits available under the Contract. A detailed description of each benefit follows the table.
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Brief Description of Restrictions /
Limitations |
Account Value Death
Benefit |
Provides a Death Benefit equal to the
Contract Value. |
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●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. |
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●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. |
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●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. |
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Allows you to automatically transfer
amounts between certain investment
options on a monthly basis. |
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●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 or cross
reinvestment. |
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Allows you to automatically reallocate your
Contract Value among investment options
on a periodic basis based on your standing
allocation instructions. |
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●Cannot be used simultaneously with
dollar cost averaging or cross
reinvestment. |
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When the amount invested in an investment
option exceeds a baseline amount, allows
you to automatically transfer the excess
amount to another investment option. |
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●Cannot be used simultaneously with
dollar cost averaging or portfolio
rebalancing. |
Automatic Withdrawal
Service |
Allows you to take periodic withdrawals
from your Contract automatically. |
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●Automatically terminates once i4LIFE®
Advantage begins. |
Optional Benefits – Available for Election |
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Brief Description of Restrictions /
Limitations |
Lincoln Market
Select® Advantage
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●Guaranteed lifetime periodic withdrawals
up to the Protected Annual Income
amount;
●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
(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,
which includes the total guaranteed
amounts across all Living Benefit Riders.
●Step-ups may increase fee rate. |
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●Variable periodic Regular Income
Payments for life.
●The ability to make additional
withdrawals and surrender the Contract
during the Access Period. |
●0.40% in addition to
the base contract
expense for the
Death Benefit you
have elected. |
●Withdrawals could significantly reduce or
terminate the benefit.
●Restrictions apply to the length of the
Access Period. |
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| Benefits Available [Table Text Block] |
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Brief Description of Restrictions /
Limitations |
Account Value Death
Benefit |
Provides a Death Benefit equal to the
Contract Value. |
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●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. |
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●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. |
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●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. |
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Allows you to automatically transfer
amounts between certain investment
options on a monthly basis. |
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●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 or cross
reinvestment. |
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Allows you to automatically reallocate your
Contract Value among investment options
on a periodic basis based on your standing
allocation instructions. |
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●Cannot be used simultaneously with
dollar cost averaging or cross
reinvestment. |
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When the amount invested in an investment
option exceeds a baseline amount, allows
you to automatically transfer the excess
amount to another investment option. |
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●Cannot be used simultaneously with
dollar cost averaging or portfolio
rebalancing. |
Automatic Withdrawal
Service |
Allows you to take periodic withdrawals
from your Contract automatically. |
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●Automatically terminates once i4LIFE®
Advantage begins. |
Optional Benefits – Available for Election |
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Brief Description of Restrictions /
Limitations |
Lincoln Market
Select® Advantage
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●Guaranteed lifetime periodic withdrawals
up to the Protected Annual Income
amount;
●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
(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,
which includes the total guaranteed
amounts across all Living Benefit Riders.
●Step-ups may increase fee rate. |
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●Variable periodic Regular Income
Payments for life.
●The ability to make additional
withdrawals and surrender the Contract
during the Access Period. |
●0.40% in addition to
the base contract
expense for the
Death Benefit you
have elected. |
●Withdrawals could significantly reduce or
terminate the benefit.
●Restrictions apply to the length of the
Access Period. |
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| Guaranteed Minimum Withdrawal [Text Block] |
Provides a Death Benefit equal to the greatest of (1) Contract Value; (2) all Purchase Payments, adjusted for withdrawals.
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| Guaranteed Minimum Income [Text Block] |
Provides a Death Benefit equal to the Contract Value.
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| Fees and Costs of Benefit [Text Block] |
Protected Annual Income RatesThe Protected Annual Income amount is calculated when you elect the rider. Upon the first Protected Annual Income withdrawal, the Protected Annual Income rate will be based on your age (or the younger of you and your spouse under the joint life option) as of the date of that withdrawal, and thereafter may not change unless an Account Value Step-up occurs.
Guaranteed Income Benefit PercentagesThe Guaranteed Income Benefit will be an amount equal to a specified percentage of your Account Value or Protected Income Base, based on your age (or the age of the youngest life under a joint life option) at the time the Guaranteed Income Benefit is elected. The rates listed below are for i4LIFE® Advantage Select Guaranteed Income Benefit elections for Contractowners who transition from Lincoln Market Select® Advantage.
Appendix C — Protected Annual Income Rates for Previous Rider ElectionsLincoln Market Select® Advantage applications or rider election forms signed between February 18, 2025 and April 30, 2025
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Protected Annual
Income rate* |
Age
(younger of you and
your spouse’s age) |
Protected Annual
Income rate* |
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| *For additional Rate Sheet information see Living Benefit Riders – Rate Sheets.Appendix D — Guaranteed Income Benefit Percentages for Previous Rider Elections
i4LIFE® Advantage Select Guaranteed Income BenefitGuaranteed Income Benefit Percentages by Ages:
i4LIFE® Advantage Select Guaranteed Income Benefit for prior purchasers of Lincoln Market Select® Advantage with applications and/or rider election forms signed between February 18, 2025 and April 30, 2025
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Age
(younger of you and
your spouse’s age) |
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| *In order to have received the percentage indicated, your application or rider election form must have been signed or dated on or before the last day of the effective period noted above. Purchasers of Lincoln Market Select® Advantage may use any remaining Protected Income Base reduced by all Protected Annual Income payments since the last Account Value Step-up, if any, or the rider’s effective date (if there have not been any Account Value Step-ups) if greater than the Account Value to establish the initial Guaranteed Income Benefit.Appendix E — Enhancement Rates for Previous Rider Elections
Lincoln Market Select® Advantage Enhancement Rates:
If your rider was purchased: |
The Enhancement is based on the… |
…multiplied by the
Enhancement Rate of… |
On or after February 18, 2025, but prior to April 30,
2025 |
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| Item 17. Portfolio Companies (N-4) [Text Block] |
Appendix A — Funds Available Under The ContractThe following is a list of funds currently available under the Contract. Depending on the optional benefits you choose, you may not be able to invest in certain funds. Current performance of the Subaccounts can be found at www.lfg.com/VAprospectus. More information about the funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at www.lfg.com/VAprospectus. You can also request this information and current fund performance at no cost by calling 1-800-942-5500 or by sending an email request to CustServSupportTeam@lfg.com.The current expenses and performance information below reflects fees and expenses of the Fund, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each fund’s past performance is not necessarily an indication of future performance.
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Average Annual Total
Returns (as of 12/31/2024) |
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The balanced accomplishment of three
objectives: long-term growth of capital,
conservation of principal and current
income. |
American Funds® IS American Funds
Global Balanced Fund - Class 4
advised by Capital Research and
Management Company |
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To provide current income and
preservation of capital. |
American Funds® IS American Funds
Mortgage Fund - Class 4
advised by Capital Research and
Management Company |
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To provide investors with a high level of
current income; capital appreciation is
the secondary objective. |
American Funds® IS American High-
Income Trust - Class 4
advised by Capital Research and
Management Company |
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High total return (including income and
capital gains) consistent with
preservation of capital over the long
term. |
American Funds® IS Asset Allocation
Fund - Class 4
advised by Capital Research and
Management Company |
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Seeks to provide a level of current
income that exceeds the average yield
on U.S. stocks generally and to provide
a growing stream of income over the
years. |
American Funds® IS Capital Income
Builder - Class 4
advised by Capital Research and
Management Company |
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To provide, over the long term, with a
high level of total return consistent with
prudent investment management. |
American Funds® IS Capital World Bond
Fund - Class 4
advised by Capital Research and
Management Company |
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Long-term growth of capital while
providing current income. |
American Funds® IS Capital World
Growth and Income Fund - Class 4
advised by Capital Research and
Management Company |
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Long-term growth of capital. |
American Funds® IS Global Growth
Fund - Class 4
advised by Capital Research and
Management Company |
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Fund and
Adviser/Sub-adviser1 |
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Average Annual Total
Returns (as of 12/31/2024) |
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Long-term capital growth. |
American Funds® IS Global Small
Capitalization Fund - Class 4
advised by Capital Research and
Management Company |
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American Funds® IS Growth Fund -
Class 4
advised by Capital Research and
Management Company |
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Long-term growth of capital and income. |
American Funds® IS Growth-Income
Fund - Class 4
advised by Capital Research and
Management Company |
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Long-term growth of capital. |
American Funds® IS International Fund -
Class 4
advised by Capital Research and
Management Company |
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Long-term growth of capital while
providing current income. |
American Funds® IS International
Growth and Income Fund - Class 4
advised by Capital Research and
Management Company |
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To provide high total return (including
income and capital gains) consistent
with preservation of capital over the long
term while seeking to manage volatility
and provide downside protection. A fund
of funds. |
American Funds® IS Managed Risk
Asset Allocation Fund - Class P2
advised by Capital Research and
Management Company |
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To provide growth of capital while
seeking to manage volatility and provide
downside protection. A fund of funds. |
American Funds® IS Managed Risk
Growth Fund - Class P2
advised by Capital Research and
Management Company |
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To achieve long-term growth of capital
and income while seeking to manage
volatility and provide downside
protection. A fund of funds. |
American Funds® IS Managed Risk
Growth-Income Fund - Class P2
advised by Capital Research and
Management Company |
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To provide long-term growth of capital
while seeking to manage volatility and
provide downside protection. A fund of
funds. |
American Funds® IS Managed Risk
International Fund - Class P2
advised by Capital Research and
Management Company |
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To produce income and to provide an
opportunity for growth of principal
consistent with sound common stock
investing while seeking to manage
volatility and provide downside
protection. A fund of funds. |
American Funds® IS Managed Risk
Washington Mutual Investors Fund -
Class P2
advised by Capital Research and
Management Company |
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Fund and
Adviser/Sub-adviser1 |
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Average Annual Total
Returns (as of 12/31/2024) |
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Long-term capital appreciation. |
American Funds® IS New World Fund -
Class 4
advised by Capital Research and
Management Company |
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Long-term growth of capital. A fund of
funds. |
American Funds® IS Portfolio Series -
American Funds Global Growth Portfolio
- Class 4
advised by Capital Research and
Management Company |
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To provide long-term growth of capital
while providing current income. A fund
of funds. |
American Funds® IS Portfolio Series -
American Funds Growth and Income
Portfolio - Class 4
advised by Capital Research and
Management Company |
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High total return (including income and
capital gains) consistent with
preservation of capital over the long
term while seeking to manage volatility
and provide downside protection. A fund
of funds. |
American Funds® IS Portfolio Series -
American Funds Managed Risk Global
Allocation Portfolio - Class P2
advised by Capital Research and
Management Company |
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Long-term growth of capital and current
income while seeking to manage
volatility and provide downside
protection. A fund of funds. |
American Funds® IS Portfolio Series -
American Funds Managed Risk Growth
and Income Portfolio - Class P2
advised by Capital Research and
Management Company |
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Long-term growth of capital while
seeking to manage volatility and provide
downside protection. A fund of funds. |
American Funds® IS Portfolio Series -
American Funds Managed Risk Growth
Portfolio - Class P2
advised by Capital Research and
Management Company |
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To provide as high a level of current
income as is consistent with the
preservation of capital. |
American Funds® IS The Bond Fund of
America - Class 4
advised by Capital Research and
Management Company |
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To provide a high level of current income
consistent with prudent investment risk
and preservation of capital. |
American Funds® IS U.S. Government
Securities Fund - Class 4
advised by Capital Research and
Management Company |
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To provide the investors with current
income, consistent with the maturity and
quality standards applicable to the fund,
and preservation of capital and liquidity. |
American Funds® IS Ultra-Short Bond
Fund - Class 4
advised by Capital Research and
Management Company |
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Fund and
Adviser/Sub-adviser1 |
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Average Annual Total
Returns (as of 12/31/2024) |
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To produce income and to provide an
opportunity for growth of principal
consistent with sound common stock
investing. |
American Funds® IS Washington Mutual
Investors Fund - Class 4
advised by Capital Research and
Management Company |
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A balance between a high level of
current income and growth of capital,
with an emphasis on growth of capital. A
fund of funds. |
LVIP American Balanced Allocation Fund
- Service Class
advised by Lincoln Financial Investments
Corporation |
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A balance between a high level of
current income and growth of capital. A
fund of funds. |
LVIP American Global Balanced
Allocation Managed Risk Fund - Service
Class
advised by Lincoln Financial Investments
Corporation |
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A balance between a high level of
current income and growth of capital,
with a greater emphasis on growth of
capital. A fund of funds. |
LVIP American Global Growth Allocation
Managed Risk Fund - Service Class
advised by Lincoln Financial Investments
Corporation |
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A balance between a high level of
current income and growth of capital,
with a greater emphasis on growth of
capital. A fund of funds. |
LVIP American Growth Allocation Fund -
Service Class
advised by Lincoln Financial Investments
Corporation |
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A high level of current income with
some consideration given to growth of
capital. A fund of funds. |
LVIP American Income Allocation Fund -
Service Class
advised by Lincoln Financial Investments
Corporation |
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Current income, consistent with the
preservation of capital. A fund of funds. |
LVIP American Preservation Fund -
Service Class
advised by Lincoln Financial Investments
Corporation |
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| 1The name of the adviser or sub-adviser is not listed if the name is incorporated into the name of the fund or the fund company. 2This fund is subject to an expense reimbursement or fee waiver arrangement. As a result, this fund’s annual expenses reflect temporary expense reductions. See the fund prospectus for additional information.
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| Prospectuses Available [Text Block] |
The following is a list of funds currently available under the Contract. Depending on the optional benefits you choose, you may not be able to invest in certain funds. Current performance of the Subaccounts can be found at www.lfg.com/VAprospectus. More information about the funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at www.lfg.com/VAprospectus. You can also request this information and current fund performance at no cost by calling 1-800-942-5500 or by sending an email request to CustServSupportTeam@lfg.com.The current expenses and performance information below reflects fees and expenses of the Fund, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each fund’s past performance is not necessarily an indication of future performance.
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| Portfolio Companies [Table Text Block] |
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Average Annual Total
Returns (as of 12/31/2024) |
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The balanced accomplishment of three
objectives: long-term growth of capital,
conservation of principal and current
income. |
American Funds® IS American Funds
Global Balanced Fund - Class 4
advised by Capital Research and
Management Company |
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To provide current income and
preservation of capital. |
American Funds® IS American Funds
Mortgage Fund - Class 4
advised by Capital Research and
Management Company |
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To provide investors with a high level of
current income; capital appreciation is
the secondary objective. |
American Funds® IS American High-
Income Trust - Class 4
advised by Capital Research and
Management Company |
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High total return (including income and
capital gains) consistent with
preservation of capital over the long
term. |
American Funds® IS Asset Allocation
Fund - Class 4
advised by Capital Research and
Management Company |
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Seeks to provide a level of current
income that exceeds the average yield
on U.S. stocks generally and to provide
a growing stream of income over the
years. |
American Funds® IS Capital Income
Builder - Class 4
advised by Capital Research and
Management Company |
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To provide, over the long term, with a
high level of total return consistent with
prudent investment management. |
American Funds® IS Capital World Bond
Fund - Class 4
advised by Capital Research and
Management Company |
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Long-term growth of capital while
providing current income. |
American Funds® IS Capital World
Growth and Income Fund - Class 4
advised by Capital Research and
Management Company |
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Long-term growth of capital. |
American Funds® IS Global Growth
Fund - Class 4
advised by Capital Research and
Management Company |
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Fund and
Adviser/Sub-adviser1 |
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Average Annual Total
Returns (as of 12/31/2024) |
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Long-term capital growth. |
American Funds® IS Global Small
Capitalization Fund - Class 4
advised by Capital Research and
Management Company |
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American Funds® IS Growth Fund -
Class 4
advised by Capital Research and
Management Company |
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Long-term growth of capital and income. |
American Funds® IS Growth-Income
Fund - Class 4
advised by Capital Research and
Management Company |
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Long-term growth of capital. |
American Funds® IS International Fund -
Class 4
advised by Capital Research and
Management Company |
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Long-term growth of capital while
providing current income. |
American Funds® IS International
Growth and Income Fund - Class 4
advised by Capital Research and
Management Company |
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To provide high total return (including
income and capital gains) consistent
with preservation of capital over the long
term while seeking to manage volatility
and provide downside protection. A fund
of funds. |
American Funds® IS Managed Risk
Asset Allocation Fund - Class P2
advised by Capital Research and
Management Company |
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To provide growth of capital while
seeking to manage volatility and provide
downside protection. A fund of funds. |
American Funds® IS Managed Risk
Growth Fund - Class P2
advised by Capital Research and
Management Company |
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To achieve long-term growth of capital
and income while seeking to manage
volatility and provide downside
protection. A fund of funds. |
American Funds® IS Managed Risk
Growth-Income Fund - Class P2
advised by Capital Research and
Management Company |
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To provide long-term growth of capital
while seeking to manage volatility and
provide downside protection. A fund of
funds. |
American Funds® IS Managed Risk
International Fund - Class P2
advised by Capital Research and
Management Company |
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To produce income and to provide an
opportunity for growth of principal
consistent with sound common stock
investing while seeking to manage
volatility and provide downside
protection. A fund of funds. |
American Funds® IS Managed Risk
Washington Mutual Investors Fund -
Class P2
advised by Capital Research and
Management Company |
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Fund and
Adviser/Sub-adviser1 |
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Average Annual Total
Returns (as of 12/31/2024) |
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Long-term capital appreciation. |
American Funds® IS New World Fund -
Class 4
advised by Capital Research and
Management Company |
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Long-term growth of capital. A fund of
funds. |
American Funds® IS Portfolio Series -
American Funds Global Growth Portfolio
- Class 4
advised by Capital Research and
Management Company |
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To provide long-term growth of capital
while providing current income. A fund
of funds. |
American Funds® IS Portfolio Series -
American Funds Growth and Income
Portfolio - Class 4
advised by Capital Research and
Management Company |
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High total return (including income and
capital gains) consistent with
preservation of capital over the long
term while seeking to manage volatility
and provide downside protection. A fund
of funds. |
American Funds® IS Portfolio Series -
American Funds Managed Risk Global
Allocation Portfolio - Class P2
advised by Capital Research and
Management Company |
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Long-term growth of capital and current
income while seeking to manage
volatility and provide downside
protection. A fund of funds. |
American Funds® IS Portfolio Series -
American Funds Managed Risk Growth
and Income Portfolio - Class P2
advised by Capital Research and
Management Company |
|
|
|
|
Long-term growth of capital while
seeking to manage volatility and provide
downside protection. A fund of funds. |
American Funds® IS Portfolio Series -
American Funds Managed Risk Growth
Portfolio - Class P2
advised by Capital Research and
Management Company |
|
|
|
|
To provide as high a level of current
income as is consistent with the
preservation of capital. |
American Funds® IS The Bond Fund of
America - Class 4
advised by Capital Research and
Management Company |
|
|
|
|
To provide a high level of current income
consistent with prudent investment risk
and preservation of capital. |
American Funds® IS U.S. Government
Securities Fund - Class 4
advised by Capital Research and
Management Company |
|
|
|
|
To provide the investors with current
income, consistent with the maturity and
quality standards applicable to the fund,
and preservation of capital and liquidity. |
American Funds® IS Ultra-Short Bond
Fund - Class 4
advised by Capital Research and
Management Company |
|
|
|
|
|
|
Fund and
Adviser/Sub-adviser1 |
|
Average Annual Total
Returns (as of 12/31/2024) |
|
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|
To produce income and to provide an
opportunity for growth of principal
consistent with sound common stock
investing. |
American Funds® IS Washington Mutual
Investors Fund - Class 4
advised by Capital Research and
Management Company |
|
|
|
|
A balance between a high level of
current income and growth of capital,
with an emphasis on growth of capital. A
fund of funds. |
LVIP American Balanced Allocation Fund
- Service Class
advised by Lincoln Financial Investments
Corporation |
|
|
|
|
A balance between a high level of
current income and growth of capital. A
fund of funds. |
LVIP American Global Balanced
Allocation Managed Risk Fund - Service
Class
advised by Lincoln Financial Investments
Corporation |
|
|
|
|
A balance between a high level of
current income and growth of capital,
with a greater emphasis on growth of
capital. A fund of funds. |
LVIP American Global Growth Allocation
Managed Risk Fund - Service Class
advised by Lincoln Financial Investments
Corporation |
|
|
|
|
A balance between a high level of
current income and growth of capital,
with a greater emphasis on growth of
capital. A fund of funds. |
LVIP American Growth Allocation Fund -
Service Class
advised by Lincoln Financial Investments
Corporation |
|
|
|
|
A high level of current income with
some consideration given to growth of
capital. A fund of funds. |
LVIP American Income Allocation Fund -
Service Class
advised by Lincoln Financial Investments
Corporation |
|
|
|
|
Current income, consistent with the
preservation of capital. A fund of funds. |
LVIP American Preservation Fund -
Service Class
advised by Lincoln Financial Investments
Corporation |
|
|
|
| 1The name of the adviser or sub-adviser is not listed if the name is incorporated into the name of the fund or the fund company. 2This fund is subject to an expense reimbursement or fee waiver arrangement. As a result, this fund’s annual expenses reflect temporary expense reductions. See the fund prospectus for additional information.
|
| Portfolio Company Objective [Text Block] |
Investment Objective
|
| Some Portfolio Companies not Available for All Benefits [Text Block] |
Appendix B — Investment RequirementsIf you purchase a Living Benefit Rider (except i4LIFE® Advantage without the Guaranteed Income Benefit), you will be subject to Investment Requirements. This means you will be limited in your choice of Subaccount investments and may be limited in how much you can invest in certain Subaccounts. This also means you will not be able to allocate Contract Value to all of the Subaccounts that are available to Contractowners who have not elected a Living Benefit Rider. We impose Investment Requirements to reduce the risk of investment losses that may require us to use our own assets to make guaranteed payments under a Living Benefit Rider.If you elect a Living Benefit Rider, you must allocate your Contract Value or Account Value among one or more of the Subaccounts listed in the Investment Requirements the Living Benefit Riders section below. Currently, if you purchase i4LIFE® Advantage without the Guaranteed Income Benefit, you will not be subject to any Investment Requirements, although we reserve the right to impose Investment Requirements for this rider in the future. If we do exercise our right to do so, you will have to reallocate your Account Value subject to such requirements. If you elect a Living Benefit Rider, Investment Requirements apply whether you purchase the rider at contract issue, or add it to an existing Contract. You must hold the rider for a minimum period of time after election (the minimum time is specified under the Termination section of each rider). During this time, you will be required to adhere to the Investment Requirements. After this time, failure to adhere to the Investment Requirements will result in termination of the rider.Certain Living Benefit Riders guarantee you the right to transition to a version of i4LIFE® Advantage Guaranteed Income Benefit even if that version is no longer available for purchase. If you transition to i4LIFE® Advantage Guaranteed Income Benefit, the Investment Requirements under your Prior Living Benefit Rider continue to apply. See i4LIFE® Advantage – i4LIFE® Advantage Guaranteed Income Benefit Transitions for a discussion of this transition.Certain underlying funds that are included in the Investment Requirements, including funds managed by an adviser affiliated with us, employ risk management strategies that are intended to control the funds’ overall volatility, and for some funds, to also reduce the downside exposure of the funds during significant market downturns. These funds are included under Investment Requirements (particularly in the Investment Requirements for the Managed Risk riders) in part because the reduction in volatility helps us to reduce the risk of investment losses that may require us to use our own assets to make guaranteed payments under a Living Benefit Rider. At the same time, risk management strategies in periods of high market volatility or other market conditions, could limit your participation in market gains. This may conflict with your investment objectives by limiting your ability to maximize potential growth of your Contract Value and, in turn, the value of any guaranteed benefit that is tied to investment performance. You should consult with your registered representative to determine whether these funds align with your investment objectives. For more information about the funds and the investment strategies they employ, please refer to the funds’ current prospectuses. Fund prospectuses are available by contacting us.If you purchase a Living Benefit Rider (except i4LIFE® Advantage without the Guaranteed Income Benefit), you agree to be automatically enrolled in the portfolio rebalancing option under your Contract and thereby authorize us to automatically rebalance your Contract Value on a periodic basis. (This portfolio rebalancing will continue while a death claim is being settled, if the Living Benefit Rider could continue on an additional measuring life.) On each quarterly anniversary of the effective date of the rider, we will rebalance your Contract Value in accordance with your allocation instructions in effect at the time of the rebalancing. Any reallocation of Contract Value among the Subaccounts made by you prior to a rebalancing date will become your allocation instructions for rebalancing purposes. Confirmation of the rebalancing will appear on your quarterly statement. Some investment options are not available to you if you purchase certain riders. The Investment Requirements may not be consistent with an aggressive investment strategy. You should consult with your registered representative to determine if the Investment Requirements are consistent with your investment objectives.Investment Requirements for other Living Benefit Riders. If you elected Lincoln Market Select® Advantage, or you are transitioning to i4LIFE® Advantage Select Guaranteed Income Benefit from this rider, you must currently allocate your Contract Value among one or more of the following Subaccounts.
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 |
American Funds® IS American Funds Mortgage Fund
American Funds® IS The Bond Fund of America
American Funds® IS U.S. Government Securities Fund
LVIP American Preservation Fund |
American Funds® IS American High-Income Trust
American Funds® IS Asset Allocation Fund
American Funds® IS Capital Income Builder
American Funds® IS Capital World Growth and Income Fund
American Funds® IS Global Balanced Fund
American Funds® IS Global Growth Fund
American Funds® IS American Funds Global Growth Portfolio
American Funds® IS American Funds Growth and Income Portfolio
American Funds® IS Growth Fund
American Funds® IS Growth-Income Fund
American Funds® IS International 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 |
|
|
American Funds® IS International Growth and Income Fund
American Funds® IS Managed Risk Asset Allocation Fund
American Funds® IS Portfolio Series – American Managed Risk Global
Allocation Portfolio
American Funds® IS Portfolio Series – American Funds Managed Risk Growth
and Income Portfolio
American Funds® IS Portfolio Series – American Funds Managed Risk Growth
Portfolio
American Funds® IS Ultra-Short Bond Fund
American Funds® IS Washington Mutual Investors Fund
LVIP American Balanced Allocation Fund
LVIP American Global Balanced Allocation Managed Risk Fund
LVIP American Global Growth Allocation Managed Risk Fund
LVIP American Growth Allocation Fund
LVIP American Income Allocation Fund | The fixed account is only available for dollar cost averaging.As an alternative, to satisfy these Investment Requirements, you may allocate 100% of your Contract Value or i4LIFE® Advantage Account Value among the Subaccounts listed below. If you allocate less than 100% of Contract Value or i4LIFE® Advantage Account Value among these Subaccounts, then the Subaccounts listed below that are also listed in Group 1 will be subject to the Group 1 restrictions. Any remaining Subaccounts listed below that are not listed in Group 1 will fall into Group 2 and be subject to Group 2 restrictions.●American Funds® IS American Funds Mortgage Fund●American Funds® IS Asset Allocation Fund●American Funds® IS Global Balanced Fund●American Funds® IS Managed Risk Asset Allocation Fund●American Funds® IS Portfolio Series – American Funds Growth and Income Portfolio●American Funds® IS Portfolio Series – American Funds Managed Risk Global Allocation Portfolio●American Funds® IS Portfolio Series – American Funds Managed Risk Growth and Income Portfolio●American Funds® IS Portfolio Series – American Funds Managed Risk Growth Portfolio●American Funds® IS The Bond Fund of America●American Funds® IS U.S. Government Securities Fund●LVIP American Balanced Allocation Fund●LVIP American Global Balanced Allocation Managed Risk Fund●LVIP American Global Growth Allocation Managed Risk Fund●LVIP American Growth Allocation Fund●LVIP American Income Allocation Fund●LVIP American Preservation FundThe fixed account, if available, is only available for dollar cost averaging.Additionally, Contract Value may be allocated in accordance with certain asset allocation models made available to you by your broker-dealer. If so, currently 100% of the Contract Value can be allocated to one of the following models, if available: ●American Funds Balanced Model Portfolio ●American Funds Conservative Model Portfolio ●American Funds Asset Allocation Fund & American Funds U.S. Government/AAA-Rated Securities Fund Model●American Funds IS TRICAP Global Moderate Growth Portfolio ●American Funds IS TRICAP Moderate Growth Portfolio●American Funds Select Growth Model You may only choose one asset allocation model at a time, though you may change to a different asset allocation model available in your Contract that meets the Investment Requirements or reallocate Contract Value according to the Investment Requirements listed above. If you terminate an asset allocation model, you must follow the Investment Requirements applicable to your rider. We may exclude an asset allocation model from being available for investment at any time, in our sole discretion. You will be notified prior to the date of such a change.
Lincoln Market Select® Advantage Protected Annual Income Rates by Ages:
|
| Temporary Fee Reductions, Current Expenses [Text Block] |
This fund is subject to an expense reimbursement or fee waiver arrangement. As a result, this fund’s annual expenses reflect temporary expense reductions. See the fund prospectus for additional information.
|
| NY American Legacy Signature 1 2025 | ShortTermInvestmentRiskMember |
|
| Prospectus: |
|
| Principal Risk [Text Block] |
Short-Term Investment Risk. This Contract is not designed for short-term investing and is not appropriate for an investor who needs ready access to cash. The benefits of tax deferral, long-term income, and living benefit protections also mean that the Contract is more beneficial to investors with a long-term horizon.
|
| NY American Legacy Signature 1 2025 | VariableOptionRiskMember |
|
| Prospectus: |
|
| Principal Risk [Text Block] |
Variable Option Risk. You take all the investment risk on the Contract Value and the retirement income for amounts placed into one or more of the Subaccounts, which invest in corresponding underlying funds. If the Subaccounts you select make money, your Contract Value goes up; if they lose money, your Contract Value goes down. How much it goes up or down depends on the performance of the Subaccounts you select. Each underlying fund is subject to its own investment risks. When you invest in a Subaccount, you are exposed to the investment risks of the underlying fund.
|
| NY American Legacy Signature 1 2025 | InvestmentRequirementsRiskMember |
|
| Prospectus: |
|
| Principal Risk [Text Block] |
Investment Requirements Risk. If you elect an optional benefit, you may be subject to Investment Requirements, which means you may not be permitted to invest in certain investment options or you may be permitted to invest in certain investment options only to a limited extent. Failing to satisfy applicable Investment Requirements may result in the termination of your optional benefit. We impose Investment Requirements to reduce the risk of investment losses that may require us to use our own assets to make guaranteed payments under an optional benefit. In turn, your compliance with the Investment Requirements could limit your participation in market gains. This may conflict with your investment objectives by limiting your ability to maximize potential growth of your Contract Value and the value of your guaranteed benefits.
|
| NY American Legacy Signature 1 2025 | ManagedVolatilityFundRiskMember |
|
| Prospectus: |
|
| Principal Risk [Text Block] |
Managed Volatility Fund Risk. Certain underlying funds may employ risk management strategies to provide for downside protection during sharp downward movements in equity markets. These funds usually, but not always, have “Managed Risk” or “Managed Volatility” in the name of the fund. These strategies could limit the upside participation of the fund in rising equity markets relative to other funds. The optional Death Benefits and Living Benefit Riders offered under the Contract also provide protection in the event of a market downturn. Likewise, there are additional costs associated with these Death Benefits and Living Benefit Riders, which can limit the Contract’s upside participation in the markets. Many of these funds are included in the Investment Requirements associated with certain Living Benefit Riders. Risk management strategies, in periods of high market volatility, could limit your participation in market gains. This may conflict with your investment objectives by limiting your ability to maximize potential growth of your Contract Value and the value of your guaranteed benefits. For more information on these funds and their risk management strategies, please see the funds’ prospectuses.
|
| NY American Legacy Signature 1 2025 | WithdrawalRiskIlliquidityRiskMember |
|
| Prospectus: |
|
| Principal Risk [Text Block] |
Withdrawal Risk (Illiquidity Risk). You should carefully consider the risks associated with taking a withdrawal or surrender under the Contract. If you take a withdrawal or surrender the Contract, any applicable surrender charges will reduce the value of your Contract or the amount of money that you ultimately receive. The proceeds of your withdrawal or surrender may be subject to ordinary income taxes, including a tax penalty if you are younger than age 59½. You should also consider the impact that a withdrawal may have on the standard and optional benefits under your Contract. For example, under certain Living Benefit Riders, excess or early withdrawals may reduce the value of the guaranteed benefit by an amount greater than the amount withdrawn and could result in termination of the benefit.
|
| NY American Legacy Signature 1 2025 | TransferRiskMember |
|
| Prospectus: |
|
| Principal Risk [Text Block] |
Transfer Risk. Your ability to transfer amounts between investment options is subject to restrictions. You are generally restricted to no more than 12 transfers per Contract Year. 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. If permitted by your Contract, we may discontinue accepting transfers into the fixed side of the contract at any time. Your ability to transfer between investment options may also be restricted as a result of Investment Requirements if you have elected an optional benefit.
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| NY American Legacy Signature 1 2025 | PurchasePaymentRiskMember |
|
| Prospectus: |
|
| Principal Risk [Text Block] |
Purchase Payment Risk. No Purchase Payments will be accepted after 90 days from the date the application is received. After that time, you will be unable to increase your Contract Value or Death Benefit by making subsequent Purchase Payments. Purchase Payments totaling $2 million or more are subject to Servicing Office approval. This amount takes into consideration the total Purchase Payments for all variable annuity contracts issued by the Company (or its affiliates) (excluding any version of Lincoln Level Advantage® and Lincoln Level Advantage 2® contracts) for the same Contractowner, joint owner, and/or Annuitant.Beginning May 19, 2025, Purchase Payments totaling $5 million or more are subject to Servicing Office approval ($2 million or more where a Living Benefit Rider or Death Benefit rider was elected excluding the Account Value Death Benefit and/or i4LIFE® Advantage without the Guaranteed Income Benefit). Both amounts take into consideration the total Purchase Payments for all variable annuity contracts issued by the Company (or its affiliates) (excluding all Lincoln Level Advantage® and Lincoln Level Advantage 2® contracts) for the same Contractowner, joint owner, and/or Annuitant. For more information about these restrictions and limitations, see The Contracts – Purchase Payments.
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| NY American Legacy Signature 1 2025 | ElectionofOptionalBenefitRiskMember |
|
| Prospectus: |
|
| Principal Risk [Text Block] |
Election of Optional Benefit Risk. There are a variety of optional benefits under the Contract that are designed for different financial goals and to protect against different financial risks. There is a risk that you may not choose the benefit or benefits that are best suited for you based on your present or future needs and circumstances. In addition, if you elect an optional benefit and do not use it, or if the contingencies upon which the benefit depend never occur, you will have paid for a benefit that did not provide a financial return. There is also a risk that a financial return of an optional benefit, if any, will ultimately be less than the amount you paid for the benefit. You should consult with your registered representative to determine which optional benefits (if any) are appropriate for you.
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| NY American Legacy Signature 1 2025 | FeeandExpenseRiskMember |
|
| Prospectus: |
|
| Principal Risk [Text Block] |
Fee and Expense Risk. You are subject to the risk that we may increase certain contract fees and charges, and that underlying fund expenses may increase.
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| NY American Legacy Signature 1 2025 | FinancialStrengthandClaimsPayingAbilityRiskMember |
|
| Prospectus: |
|
| Principal Risk [Text Block] |
Financial Strength and Claims-Paying Ability Risk. An investment in the Contract is subject to the risks related to us, Lincoln New York. 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.
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| NY American Legacy Signature 1 2025 | CybersecurityandBusinessInteruptionRiskMember |
|
| Prospectus: |
|
| Principal Risk [Text Block] |
Cybersecurity and Business Interruption Risks. We rely heavily on our computer systems and those of our business partners and service providers to conduct our business. As such, our business is vulnerable to cybersecurity risks and business interruption risks. These risks include, among other things, the theft, loss, misuse, corruption and destruction of data; interference with or denial of service; attacks on websites or systems; operational disruptions; and unauthorized release of confidential customer or business information. Cybersecurity risks affecting us, any third-party administrators, underlying funds, index providers, intermediaries, and service providers may adversely affect us and/or your Contract. For instance, systems failures and cyberattacks may interfere with our processing of Contract transactions, including order processing; impact our ability to calculate Accumulation Unit values or other Contract values; cause the release and possible destruction of confidential customer or business information; and/or subject us to regulatory fines, litigation, financial losses or reputational damage. Cybersecurity risks may also impact the issuers of securities in which the underlying funds invest (or the securities that compose an Index), which may cause your Contract to lose value. There can be no assurance that systems disruptions, cyberattacks and information security breaches will always be detected, prevented, or avoided in the future. In addition to cybersecurity risks, we are exposed to risks related to natural and man-made disasters, such as (but not limited to) storms, fires, floods, earthquakes, public health crises, malicious acts, and terrorist acts. Any such disasters could interfere with our business and our ability to administer the Contract. For example, they could lead to delays in our processing of Contract transactions, including orders from Contract owners, or could negatively impact our ability to calculate Accumulation Unit values or other Contract Values. They may also impact the issuers of securities in which the underlying funds invest (or the securities that compose an Index), which may cause your Contract to lose value. There can be no assurance that negative impacts associated with natural and man-made disasters will always be avoided.
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| NY American Legacy Signature 1 2025 | Risk of Loss [Member] |
|
| Prospectus: |
|
| Risk [Text Block] |
You can lose money by investing in this Contract, including loss of principal.
|
| Principal Risk [Text Block] |
Risk of Loss. You can lose money by investing in this Contract, including loss of principal. Neither the U.S. Government nor any federal agency insures or guarantees your investment in the Contract.
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| NY American Legacy Signature 1 2025 | Not Short Term Investment Risk [Member] |
|
| Prospectus: |
|
| Risk [Text Block] |
●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.
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| NY American Legacy Signature 1 2025 | Investment Options Risk [Member] |
|
| Prospectus: |
|
| Risk [Text Block] |
●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.
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| NY American Legacy Signature 1 2025 | Insurance Company Risk [Member] |
|
| Prospectus: |
|
| Risk [Text Block] |
An investment in the Contract is subject to the risks related to Lincoln New York. 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 New York, including our financial strength ratings, is available upon request by calling 1-800-942-5500 or visiting www.LincolnFinancial.com.
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| NY American Legacy Signature 1 2025 | AmericanFundsISAmericanFundsGlobalBalancedFundClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
The balanced accomplishment of three objectives: long-term growth of capital, conservation of principal and current income.
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| Portfolio Company Name [Text Block] |
American Funds® IS American Funds Global Balanced Fund - Class 4
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| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
1.01%
|
| Average Annual Total Returns, 1 Year [Percent] |
6.32%
|
| Average Annual Total Returns, 5 Years [Percent] |
4.56%
|
| Average Annual Total Returns, 10 Years [Percent] |
5.65%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISAmericanFundsMortgageFundClass4Member |
|
| Prospectus: |
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| Portfolio Company Objective [Text Block] |
To provide current income and preservation of capital.
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| Portfolio Company Name [Text Block] |
American Funds® IS American Funds Mortgage Fund - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.81%
|
| Average Annual Total Returns, 1 Year [Percent] |
0.35%
|
| Average Annual Total Returns, 5 Years [Percent] |
(0.30%)
|
| Average Annual Total Returns, 10 Years [Percent] |
0.78%
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| NY American Legacy Signature 1 2025 | AmericanFundsISAmericanHighIncomeTrustClass4Member |
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| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
To provide investors with a high level of current income; capital appreciation is the secondary objective.
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| Portfolio Company Name [Text Block] |
American Funds® IS American High-Income Trust - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.83%
|
| Average Annual Total Returns, 1 Year [Percent] |
9.39%
|
| Average Annual Total Returns, 5 Years [Percent] |
5.29%
|
| Average Annual Total Returns, 10 Years [Percent] |
5.06%
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| NY American Legacy Signature 1 2025 | AmericanFundsISAssetAllocationFundClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
High total return (including income and capital gains) consistent with preservation of capital over the long term.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Asset Allocation Fund - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.79%
|
| Average Annual Total Returns, 1 Year [Percent] |
16.11%
|
| Average Annual Total Returns, 5 Years [Percent] |
8.04%
|
| Average Annual Total Returns, 10 Years [Percent] |
8.05%
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| NY American Legacy Signature 1 2025 | AmericanFundsISCapitalIncomeBuilderClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
Seeks to provide a level of current income that exceeds the average yield on U.S. stocks generally and to provide a growing stream of income over the years.
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| Portfolio Company Name [Text Block] |
American Funds® IS Capital Income Builder - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.78%
|
| Average Annual Total Returns, 1 Year [Percent] |
9.93%
|
| Average Annual Total Returns, 5 Years [Percent] |
5.75%
|
| Average Annual Total Returns, 10 Years [Percent] |
5.17%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISCapitalWorldBondFundClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
To provide, over the long term, with a high level of total return consistent with prudent investment management.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Capital World Bond Fund - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.98%
|
| Average Annual Total Returns, 1 Year [Percent] |
(3.32%)
|
| Average Annual Total Returns, 5 Years [Percent] |
(2.65%)
|
| Average Annual Total Returns, 10 Years [Percent] |
(0.33%)
|
| NY American Legacy Signature 1 2025 | AmericanFundsISCapitalWorldGrowthandIncomeFundClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
Long-term growth of capital while providing current income.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Capital World Growth and Income Fund - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.92%
|
| Average Annual Total Returns, 1 Year [Percent] |
13.70%
|
| Average Annual Total Returns, 5 Years [Percent] |
7.04%
|
| Average Annual Total Returns, 10 Years [Percent] |
8.17%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISGlobalGrowthFundClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
Long-term growth of capital.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Global Growth Fund - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.91%
|
| Average Annual Total Returns, 1 Year [Percent] |
13.39%
|
| Average Annual Total Returns, 5 Years [Percent] |
9.49%
|
| Average Annual Total Returns, 10 Years [Percent] |
10.46%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISGlobalSmallCapitalizationFundClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
Long-term capital growth.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Global Small Capitalization Fund - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
1.15%
|
| Average Annual Total Returns, 1 Year [Percent] |
2.12%
|
| Average Annual Total Returns, 5 Years [Percent] |
2.74%
|
| Average Annual Total Returns, 10 Years [Percent] |
5.54%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISGrowthFundClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
Growth of capital.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Growth Fund - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.84%
|
| Average Annual Total Returns, 1 Year [Percent] |
31.29%
|
| Average Annual Total Returns, 5 Years [Percent] |
18.53%
|
| Average Annual Total Returns, 10 Years [Percent] |
16.29%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISGrowthIncomeFundClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
Long-term growth of capital and income.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Growth-Income Fund - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.78%
|
| Average Annual Total Returns, 1 Year [Percent] |
23.93%
|
| Average Annual Total Returns, 5 Years [Percent] |
12.73%
|
| Average Annual Total Returns, 10 Years [Percent] |
11.93%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISInternationalFundClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
Long-term growth of capital.
|
| Portfolio Company Name [Text Block] |
American Funds® IS International Fund - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
1.03%
|
| Average Annual Total Returns, 1 Year [Percent] |
2.93%
|
| Average Annual Total Returns, 5 Years [Percent] |
0.97%
|
| Average Annual Total Returns, 10 Years [Percent] |
3.75%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISInternationalGrowthandIncomeFundClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
Long-term growth of capital while providing current income.
|
| Portfolio Company Name [Text Block] |
American Funds® IS International Growth and Income Fund - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
1.06%
|
| Average Annual Total Returns, 1 Year [Percent] |
3.11%
|
| Average Annual Total Returns, 5 Years [Percent] |
2.28%
|
| Average Annual Total Returns, 10 Years [Percent] |
3.73%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISManagedRiskAssetAllocationFundClassP2Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
To provide high total return (including income and capital gains) consistent with preservation of capital over the long term while seeking to manage volatility and provide downside protection. A fund of funds.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Managed Risk Asset Allocation Fund - Class P2
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.90%
|
| Average Annual Total Returns, 1 Year [Percent] |
14.63%
|
| Average Annual Total Returns, 5 Years [Percent] |
5.30%
|
| Average Annual Total Returns, 10 Years [Percent] |
5.88%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISManagedRiskGrowthFundClassP2Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
To provide growth of capital while seeking to manage volatility and provide downside protection. A fund of funds.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Managed Risk Growth Fund - Class P2
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.94%
|
| Average Annual Total Returns, 1 Year [Percent] |
23.50%
|
| Average Annual Total Returns, 5 Years [Percent] |
11.30%
|
| Average Annual Total Returns, 10 Years [Percent] |
10.42%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISManagedRiskGrowthIncomeFundClassP2Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
To achieve long-term growth of capital and income while seeking to manage volatility and provide downside protection. A fund of funds.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Managed Risk Growth-Income Fund - Class P2
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.88%
|
| Average Annual Total Returns, 1 Year [Percent] |
17.69%
|
| Average Annual Total Returns, 5 Years [Percent] |
7.39%
|
| Average Annual Total Returns, 10 Years [Percent] |
7.43%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISManagedRiskInternationalFundClassP2Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
To provide long-term growth of capital while seeking to manage volatility and provide downside protection. A fund of funds.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Managed Risk International Fund - Class P2
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
1.10%
|
| Average Annual Total Returns, 1 Year [Percent] |
(0.45%)
|
| Average Annual Total Returns, 5 Years [Percent] |
(2.52%)
|
| Average Annual Total Returns, 10 Years [Percent] |
0.78%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISManagedRiskWashingtonMutualInvestorsFundClassP2Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
To produce income and to provide an opportunity for growth of principal consistent with sound common stock investing while seeking to manage volatility and provide downside protection. A fund of funds.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Managed Risk Washington Mutual Investors Fund - Class P2
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.88%
|
| Average Annual Total Returns, 1 Year [Percent] |
13.99%
|
| Average Annual Total Returns, 5 Years [Percent] |
5.61%
|
| Average Annual Total Returns, 10 Years [Percent] |
5.28%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISNewWorldFundClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
Long-term capital appreciation.
|
| Portfolio Company Name [Text Block] |
American Funds® IS New World Fund - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
1.07%
|
| Average Annual Total Returns, 1 Year [Percent] |
6.33%
|
| Average Annual Total Returns, 5 Years [Percent] |
4.29%
|
| Average Annual Total Returns, 10 Years [Percent] |
5.96%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISPortfolioSeriesAmericanFundsGlobalGrowthPortfolioClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
Long-term growth of capital. A fund of funds.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Portfolio Series - American Funds Global Growth Portfolio - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.96%
|
| Average Annual Total Returns, 1 Year [Percent] |
13.64%
|
| Average Annual Total Returns, 5 Years [Percent] |
8.13%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISPortfolioSeriesAmericanFundsGrowthandIncomePortfolioClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
To provide long-term growth of capital while providing current income. A fund of funds.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Portfolio Series - American Funds Growth and Income Portfolio - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.82%
|
| Average Annual Total Returns, 1 Year [Percent] |
12.37%
|
| Average Annual Total Returns, 5 Years [Percent] |
7.19%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISPortfolioSeriesAmericanFundsManagedRiskGlobalAllocationPortfolioClassP2Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
High total return (including income and capital gains) consistent with preservation of capital over the long term while seeking to manage volatility and provide downside protection. A fund of funds.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Portfolio Series - American Funds Managed Risk Global Allocation Portfolio - Class P2
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
1.03%
|
| Average Annual Total Returns, 1 Year [Percent] |
8.05%
|
| Average Annual Total Returns, 5 Years [Percent] |
2.31%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISPortfolioSeriesAmericanFundsManagedRiskGrowthandIncomePortfolioClassP2Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
Long-term growth of capital and current income while seeking to manage volatility and provide downside protection. A fund of funds.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Portfolio Series - American Funds Managed Risk Growth and Income Portfolio - Class P2
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.91%
|
| Average Annual Total Returns, 1 Year [Percent] |
12.26%
|
| Average Annual Total Returns, 5 Years [Percent] |
4.39%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISPortfolioSeriesAmericanFundsManagedRiskGrowthPortfolioClassP2Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
Long-term growth of capital while seeking to manage volatility and provide downside protection. A fund of funds.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Portfolio Series - American Funds Managed Risk Growth Portfolio - Class P2
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.95%
|
| Average Annual Total Returns, 1 Year [Percent] |
13.84%
|
| Average Annual Total Returns, 5 Years [Percent] |
5.74%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISTheBondFundofAmericaClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
To provide as high a level of current income as is consistent with the preservation of capital.
|
| Portfolio Company Name [Text Block] |
American Funds® IS The Bond Fund of America - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.73%
|
| Average Annual Total Returns, 1 Year [Percent] |
0.98%
|
| Average Annual Total Returns, 5 Years [Percent] |
0.07%
|
| Average Annual Total Returns, 10 Years [Percent] |
1.42%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISUSGovernmentSecuritiesFundClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
To provide a high level of current income consistent with prudent investment risk and preservation of capital.
|
| Portfolio Company Name [Text Block] |
American Funds® IS U.S. Government Securities Fund - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.75%
|
| Average Annual Total Returns, 1 Year [Percent] |
0.44%
|
| Average Annual Total Returns, 5 Years [Percent] |
(0.13%)
|
| Average Annual Total Returns, 10 Years [Percent] |
0.84%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISUltraShortBondFundClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
To provide the investors with current income, consistent with the maturity and quality standards applicable to the fund, and preservation of capital and liquidity.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Ultra-Short Bond Fund - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.81%
|
| Average Annual Total Returns, 1 Year [Percent] |
4.62%
|
| Average Annual Total Returns, 5 Years [Percent] |
1.76%
|
| Average Annual Total Returns, 10 Years [Percent] |
1.03%
|
| NY American Legacy Signature 1 2025 | AmericanFundsISWashingtonMutualInvestorsFundClass4Member |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
To produce income and to provide an opportunity for growth of principal consistent with sound common stock investing.
|
| Portfolio Company Name [Text Block] |
American Funds® IS Washington Mutual Investors Fund - Class 4
|
| Portfolio Company Adviser [Text Block] |
Capital Research and Management Company
|
| Current Expenses [Percent] |
0.75%
|
| Average Annual Total Returns, 1 Year [Percent] |
18.85%
|
| Average Annual Total Returns, 5 Years [Percent] |
11.92%
|
| Average Annual Total Returns, 10 Years [Percent] |
9.99%
|
| NY American Legacy Signature 1 2025 | LVIPAmericanBalancedAllocationFundServiceClassMember |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
A balance between a high level of current income and growth of capital, with an emphasis on growth of capital. A fund of funds.
|
| Portfolio Company Name [Text Block] |
LVIP American Balanced Allocation Fund - Service Class
|
| Portfolio Company Adviser [Text Block] |
Lincoln Financial Investments Corporation
|
| Current Expenses [Percent] |
0.92%
|
| Average Annual Total Returns, 1 Year [Percent] |
10.74%
|
| Average Annual Total Returns, 5 Years [Percent] |
6.41%
|
| Average Annual Total Returns, 10 Years [Percent] |
6.24%
|
| NY American Legacy Signature 1 2025 | LVIPAmericanGlobalBalancedAllocationManagedRiskFundServiceClassMember |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
A balance between a high level of current income and growth of capital. A fund of funds.
|
| Portfolio Company Name [Text Block] |
LVIP American Global Balanced Allocation Managed Risk Fund - Service Class
|
| Portfolio Company Adviser [Text Block] |
Lincoln Financial Investments Corporation
|
| Current Expenses [Percent] |
0.94%
|
| Average Annual Total Returns, 1 Year [Percent] |
9.49%
|
| Average Annual Total Returns, 5 Years [Percent] |
4.19%
|
| Average Annual Total Returns, 10 Years [Percent] |
4.56%
|
| NY American Legacy Signature 1 2025 | LVIPAmericanGlobalGrowthAllocationManagedRiskFundServiceClassMember |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
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.
|
| Portfolio Company Name [Text Block] |
LVIP American Global Growth Allocation Managed Risk Fund - Service Class
|
| Portfolio Company Adviser [Text Block] |
Lincoln Financial Investments Corporation
|
| Current Expenses [Percent] |
0.98%
|
| Average Annual Total Returns, 1 Year [Percent] |
11.87%
|
| Average Annual Total Returns, 5 Years [Percent] |
4.88%
|
| Average Annual Total Returns, 10 Years [Percent] |
5.08%
|
| NY American Legacy Signature 1 2025 | LVIPAmericanGrowthAllocationFundServiceClassMember |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
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.
|
| Portfolio Company Name [Text Block] |
LVIP American Growth Allocation Fund - Service Class
|
| Portfolio Company Adviser [Text Block] |
Lincoln Financial Investments Corporation
|
| Current Expenses [Percent] |
0.94%
|
| Average Annual Total Returns, 1 Year [Percent] |
11.61%
|
| Average Annual Total Returns, 5 Years [Percent] |
6.76%
|
| Average Annual Total Returns, 10 Years [Percent] |
6.74%
|
| NY American Legacy Signature 1 2025 | LVIPAmericanIncomeAllocationFundServiceClassMember |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
A high level of current income with some consideration given to growth of capital. A fund of funds.
|
| Portfolio Company Name [Text Block] |
LVIP American Income Allocation Fund - Service Class
|
| Portfolio Company Adviser [Text Block] |
Lincoln Financial Investments Corporation
|
| Current Expenses [Percent] |
0.92%
|
| Average Annual Total Returns, 1 Year [Percent] |
8.09%
|
| Average Annual Total Returns, 5 Years [Percent] |
4.63%
|
| Average Annual Total Returns, 10 Years [Percent] |
4.73%
|
| NY American Legacy Signature 1 2025 | LVIPAmericanPreservationFundServiceClassMember |
|
| Prospectus: |
|
| Portfolio Company Objective [Text Block] |
Current income, consistent with the preservation of capital. A fund of funds.
|
| Portfolio Company Name [Text Block] |
LVIP American Preservation Fund - Service Class
|
| Portfolio Company Adviser [Text Block] |
Lincoln Financial Investments Corporation
|
| Current Expenses [Percent] |
0.86%
|
| Average Annual Total Returns, 1 Year [Percent] |
2.88%
|
| Average Annual Total Returns, 5 Years [Percent] |
0.75%
|
| Average Annual Total Returns, 10 Years [Percent] |
1.11%
|
| NY American Legacy Signature 1 2025 | CurrentInitialProtectedLifetimeIncomeFeeRateSingleLifeMember |
|
| Prospectus: |
|
| Optional Benefit Expense (of Benefit Base), Current [Percent] |
1.50%
|
| Optional Benefit Expense (of Benefit Base), Current [Percent] |
1.50%
|
| NY American Legacy Signature 1 2025 | CurrentInitialProtectedLifetimeIncomeFeeRateJointLifeMember |
|
| Prospectus: |
|
| Optional Benefit Expense (of Benefit Base), Current [Percent] |
1.60%
|
| Optional Benefit Expense (of Benefit Base), Current [Percent] |
1.60%
|
| NY American Legacy Signature 1 2025 | i4LIFEAdvantageSelectGuaranteedIncomeBenefitContractownersfromLincolnMarketSelectAdvantageSingleMember |
|
| Prospectus: |
|
| Optional Benefit Expense (of Benefit Base), Current [Percent] |
1.50%
|
| Optional Benefit Expense (of Benefit Base), Current [Percent] |
1.50%
|
| NY American Legacy Signature 1 2025 | i4LIFEAdvantageSelectGuaranteedIncomeBenefitContractownersfromLincolnMarketSelectAdvantageJointMember |
|
| Prospectus: |
|
| Optional Benefit Expense (of Benefit Base), Current [Percent] |
1.60%
|
| Optional Benefit Expense (of Benefit Base), Current [Percent] |
1.60%
|
| NY American Legacy Signature 1 2025 | AccountValueDeathBenefitMember |
|
| Prospectus: |
|
| Base Contract (of Average Annual Net Assets) (N-4) Minimum [Percent] |
1.27%
|
| Base Contract (of Average Annual Net Assets) (N-4) Maximum [Percent] |
1.27%
|
| Base Contract Expense (of Average Account Value), Maximum [Percent] |
1.25%
|
| Name of Benefit [Text Block] |
Account Value Death Benefit
|
| Purpose of Benefit [Text Block] |
Provides a Death Benefit equal to the Contract Value.
|
| Standard Benefit Expense (of Benefit Base), Maximum [Percent] |
1.25%
|
| Brief Restrictions / Limitations [Text Block] |
Poor investment performance could significantly reduce the benefit.●Withdrawals could significantly reduce the benefit.
|
| Name of Benefit [Text Block] |
Account Value Death Benefit
|
| Calculation Method of Benefit [Text Block] |
Account Value Death Benefit. The Account Value Death Benefit provides a Death Benefit equal to the Contract Value on the Valuation Date the Death Benefit is approved by us for payment. No additional Death Benefit is provided. Once you have selected this Death Benefit option, it cannot be changed. (Your Contract may refer to this benefit as the Contract Value Death Benefit.) For example, assume an initial deposit into the Contract of $10,000. The Contract Value increases and equals $12,000 on the Valuation Date the death claim is approved. The amount of Death Benefit paid equals $12,000.
|
| NY American Legacy Signature 1 2025 | GuaranteeOfPrincipalDeathBenefitMember |
|
| Prospectus: |
|
| Base Contract (of Average Annual Net Assets) (N-4) Minimum [Percent] |
1.32%
|
| Base Contract (of Average Annual Net Assets) (N-4) Maximum [Percent] |
1.32%
|
| Base Contract Expense (of Average Account Value), Maximum [Percent] |
1.30%
|
| Name of Benefit [Text Block] |
Guarantee of Principal Death Benefit
|
| Purpose of Benefit [Text Block] |
Provides a Death Benefit equal to the greatest of (1) Contract Value; (2) all Purchase Payments, adjusted for withdrawals.
|
| Standard Benefit Expense (of Benefit Base), Maximum [Percent] |
1.30%
|
| Brief Restrictions / Limitations [Text Block] |
Withdrawals could significantly reduce the benefit.
|
| Name of Benefit [Text Block] |
Guarantee of Principal Death Benefit
|
| Operation of Benefit [Text Block] |
Guarantee of Principal Death Benefit. The Guarantee of Principal Death Benefit is the default Death Benefit under this Contact; this means that if you do not select a Death Benefit, the Guarantee of Principal Death Benefit will be automatically selected for you at contract issue. There is an additional charge for this Death Benefit, and it may only be elected when the contract is issued. The Guarantee of Principal Death Benefit may be discontinued by completing the Change of Death Benefit form and sending it to our Servicing Office. The benefit will be discontinued as of the Valuation Date we receive the request and the Account Value Death Benefit will apply. We will begin deducting the charge for the Account Value Death Benefit as of that date. See Charges and Other Deductions.
|
| Calculation Method of Benefit [Text Block] |
The Guarantee of Principal Death Benefit provides a Death Benefit equal to the greater of:●the current Contract Value as of the Valuation Date we approve the payment of the claim; or●the sum of all Purchase Payments decreased by withdrawals in the same proportion that withdrawals reduced the Contract Value. Withdrawals less than or equal to the Protected Annual Income amount under applicable Living Benefit Riders may reduce the sum of all Purchase Payments amount on a dollar-for-dollar basis. See Living Benefit Riders –Lincoln Market Select® Advantage.For example, assume an initial deposit into the Contract of $10,000, and no withdrawals have been taken. The Contract Value decreases and equals $8,000 on the Valuation Date the death claim is approved. Since your principal is guaranteed, the amount of Death Benefit paid equals $10,000.In a declining market, withdrawals reduce the Death Benefit in the same proportion the Contract Value is reduced, which has a magnified effect on the reduction of the Death Benefit payable. This is because the reduction in the benefit may be more than the dollar amount withdrawn from the Contract Value. All references to withdrawals include deductions for any applicable charges associated with those withdrawals (surrender charges for example) and premium taxes, if any.
|
| NY American Legacy Signature 1 2025 | EnhancedGuaranteedMinimumDeathBenefitEGMDBMember |
|
| Prospectus: |
|
| Base Contract (of Average Annual Net Assets) (N-4) Minimum [Percent] |
1.57%
|
| Base Contract (of Average Annual Net Assets) (N-4) Maximum [Percent] |
1.57%
|
| Base Contract Expense (of Average Account Value), Maximum [Percent] |
1.55%
|
| Name of Benefit [Text Block] |
Enhanced Guaranteed Minimum Death Benefit (EGMDB)
|
| Purpose of Benefit [Text Block] |
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.
|
| Standard Benefit Expense (of Benefit Base), Maximum [Percent] |
1.55%
|
| Brief Restrictions / Limitations [Text Block] |
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.
|
| Name of Benefit [Text Block] |
Enhanced Guaranteed Minimum Death Benefit (EGMDB)
|
| Operation of Benefit [Text Block] |
Enhanced Guaranteed Minimum Death Benefit (EGMDB). The EGMDB is available for an additional charge and may only be elected when the Contract is issued. There is an additional charge for this Death Benefit. You may discontinue the EGMDB at any time by completing the Change of Death Benefit form and sending it to our Servicing Office. The benefit will be discontinued as of the Valuation Date we receive the request, and the Guarantee of Principal Death Benefit or the Account Value Death Benefit will apply. We will begin deducting the applicable charge for the new Death Benefit as of that date. See Charges and Other Deductions.The EGMDB is only available under nonqualified, IRA or Roth IRA contracts if the Contractowner, joint owner and Annuitant are under age 80 at the time of issuance.
|
| Calculation Method of Benefit [Text Block] |
The EGMDB provides a Death Benefit equal to the greatest of:●the current Contract Value as of the Valuation Date we approve the payment of the claim; or●the sum of all Purchase Payments decreased by withdrawals in the same proportion that withdrawals reduced the Contract Value. Withdrawals less than or equal to the Protected Annual Income amount under applicable Living Benefit Riders may reduce the sum of all Purchase Payments amount on a dollar-for-dollar basis. See Living Benefit Riders –Lincoln Market Select® Advantage; or●the highest Contract Value on any contract anniversary (including the inception date) (determined before the allocation of any Purchase Payments on that contract anniversary) prior to the 81st birthday of the deceased Contractowner, joint owner (if applicable), or Annuitant and prior to the death of the Contractowner, joint owner (if applicable) or Annuitant for whom a death claim is approved for payment. The highest Contract Value is increased by Purchase Payments and is decreased by withdrawals subsequent to that anniversary date in the same proportion that withdrawals reduced the Contract Value.The following example shows how the Death Benefit amount is calculated under the EGMDB:
7/3/2025 Initial Deposit / Contract Value |
|
|
|
|
|
|
| The EGMDB provides a Death Benefit equal to the highest Contract Value on any contract anniversary, so the amount of Death Benefit paid equals $25,000 on the date the death claim is approved.In a declining market, withdrawals reduce the Death Benefit in the same proportion the Contract Value is reduced, which has a magnified effect on the reduction of the Death Benefit payable. This is because the reduction in the benefit may be more than the dollar amount withdrawn from the Contract Value. All references to withdrawals include deductions for any applicable charges associated with those withdrawals(surrender charges for example) and premium taxes, if any.
|
| NY American Legacy Signature 1 2025 | DollarCostAveragingMember |
|
| Prospectus: |
|
| Name of Benefit [Text Block] |
Dollar-Cost Averaging
|
| Purpose of Benefit [Text Block] |
Allows you to automatically transfer amounts between certain investment options on a monthly basis.
|
| Standard Benefit Expense (of Other Amount), Maximum [Percent] |
0.00%
|
| Brief Restrictions / Limitations [Text Block] |
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 or cross reinvestment.
|
| Name of Benefit [Text Block] |
Dollar-Cost Averaging
|
| Operation of Benefit [Text Block] |
Dollar-Cost Averaging. Dollar-cost averaging allows you to transfer amounts from the DCA fixed account, if available, or certain Subaccounts into the Subaccounts on a monthly basis or in accordance with other terms we make available. You may elect to participate in the DCA program at the time of application or at any time before the selection of an Annuity Payout option by completing our election form, by calling our Servicing Office, or by other electronic means. The minimum amount to be dollar cost averaged (DCA’d) is $1,500 over any time period between three and 60 months. Once elected, the program will remain in effect until the earlier of: ●the selection of an Annuity Payout option;●the value of the amount being DCA’d is depleted; or ●you cancel the program by written request or by telephone if we have your telephone authorization on file.We reserve the right to limit certain time periods or to restrict access to this program at any time.A transfer made as part of this program is not considered a transfer for purposes of limiting the number of transfers that may be made, or assessing any charges which may apply to transfers. Upon receipt of an additional Purchase Payment allocated to the DCA fixed account, the existing program duration will be extended to reflect the end date of the new DCA program. However, the existing interest crediting rate will not be extended. The existing interest crediting rate will expire at its originally scheduled expiration date and the value remaining in the DCA account from the original amount will be credited with interest at the standard DCA rate at the time. If you cancel the DCA program, your remaining Contract Value in the DCA program will be allocated to the Subaccounts according to your allocation instructions. We reserve the right to discontinue or modify this program at any time. If you have chosen DCA from one of the Subaccounts, only the amount allocated to that DCA program will be transferred. Investment gain, if any, will remain in that Subaccount unless you reallocate it to one of the other Subaccounts. If you are enrolled in automatic rebalancing, this amount may be automatically rebalanced based on your allocation instructions in effect at the time of rebalancing. DCA does not assure a profit or protect against loss.
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| NY American Legacy Signature 1 2025 | PortfolioRebalancingMember |
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| Prospectus: |
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| Name of Benefit [Text Block] |
Portfolio Rebalancing
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| Purpose of Benefit [Text Block] |
Allows you to automatically reallocate your Contract Value among investment options on a periodic basis based on your standing allocation instructions.
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| Standard Benefit Expense (of Other Amount), Maximum [Percent] |
0.00%
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| Brief Restrictions / Limitations [Text Block] |
Cannot be used simultaneously with dollar cost averaging or cross reinvestment.
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| Name of Benefit [Text Block] |
Portfolio Rebalancing
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| Operation of Benefit [Text Block] |
Portfolio Rebalancing. Portfolio rebalancing is an option that restores to a pre-determined level the percentage of Contract Value allocated to each Subaccount. The rebalancing may take place monthly, quarterly, semi-annually or annually. Rebalancing events will be noted on your quarterly statement. The fixed account is not available for portfolio rebalancing. Only one of the three additional services (DCA, cross-reinvestment and portfolio rebalancing) may be used at one time. For example, you cannot have DCA and cross-reinvestment running simultaneously. We reserve the right to discontinue any or all of these administrative services at any time.
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| NY American Legacy Signature 1 2025 | CrossReinvestmentMember |
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| Prospectus: |
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| Name of Benefit [Text Block] |
Cross-Reinvestment
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| Purpose of Benefit [Text Block] |
When the amount invested in an investment option exceeds a baseline amount, allows you to automatically transfer the excess amount to another investment option.
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| Standard Benefit Expense (of Other Amount), Maximum [Percent] |
0.00%
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| Brief Restrictions / Limitations [Text Block] |
Cannot be used simultaneously with dollar cost averaging or portfolio rebalancing.
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| Name of Benefit [Text Block] |
Cross-Reinvestment
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| Operation of Benefit [Text Block] |
Cross-Reinvestment Service. The cross-reinvestment service automatically transfers the Contract Value in a designated Subaccount that exceeds a baseline amount to another specific Subaccount at specific intervals. You specify the applicable Subaccounts, the baseline amount and the interval period.
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| NY American Legacy Signature 1 2025 | AutomaticWithdrawalServiceMember |
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| Prospectus: |
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| Name of Benefit [Text Block] |
Automatic Withdrawal Service
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| Purpose of Benefit [Text Block] |
Allows you to take periodic withdrawals from your Contract automatically.
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| Standard Benefit Expense (of Other Amount), Maximum [Percent] |
0.00%
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| Brief Restrictions / Limitations [Text Block] |
Automatically terminates once i4LIFE® Advantage begins.
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| Name of Benefit [Text Block] |
Automatic Withdrawal Service
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| Operation of Benefit [Text Block] |
Automatic Withdrawal Service. The automatic withdrawal service (AWS) provides for an automatic periodic withdrawal of your Contract Value. Withdrawals under AWS are subject to applicable surrender charges. See Charges and Other Deductions – Surrender Charge. Withdrawals under AWS will be noted on your quarterly statement. AWS is also available for amounts allocated to the fixed account, if applicable.
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| NY American Legacy Signature 1 2025 | LincolnMarketSelectAdvantageSingleLifeMember |
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| Prospectus: |
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| Optional Benefit Expense (of Benefit Base), Maximum [Percent] |
2.25%
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| Optional Benefit Expense (of Benefit Base), Maximum [Percent] |
2.25%
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| NY American Legacy Signature 1 2025 | LincolnMarketSelectAdvantageJointLIfeMember |
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| Prospectus: |
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| Optional Benefit Expense (of Benefit Base), Maximum [Percent] |
2.45%
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| Optional Benefit Expense (of Benefit Base), Maximum [Percent] |
2.45%
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| NY American Legacy Signature 1 2025 | i4LIFEAdvantageMember |
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| Prospectus: |
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| Optional Benefit Expense (of Benefit Base), Maximum [Percent] |
0.40%
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| Optional Benefit Expense, Footnotes [Text Block] |
As an annualized percentage of average Account Value, computed daily. This charge is assessed only on and after the effective date of i4LIFE® Advantage and is added to your base contract expense. These charges continue during the Access Period. During the Lifetime Income Period, the i4LIFE® Advantage charge rate of 0.40% is added to the Account Value Death Benefit base contract expense. See Charges and Other Deductions – i4LIFE® Advantage Charge for more information.
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| Name of Benefit [Text Block] |
i4LIFE® Advantage
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| Purpose of Benefit [Text Block] |
Provides:●Variable periodic Regular Income Payments for life.●The ability to make additional withdrawals and surrender the Contract during the Access Period.
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| Optional Benefit Expense (of Benefit Base), Maximum [Percent] |
0.40%
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| Optional Benefit Expense, Footnotes [Text Block] |
As an annualized percentage of average Account Value, computed daily. This charge is assessed only on and after the effective date of i4LIFE® Advantage and is added to your base contract expense. These charges continue during the Access Period. During the Lifetime Income Period, the i4LIFE® Advantage charge rate of 0.40% is added to the Account Value Death Benefit base contract expense. See Charges and Other Deductions – i4LIFE® Advantage Charge for more information.
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| Brief Restrictions / Limitations [Text Block] |
●Withdrawals could significantly reduce or terminate the benefit.●Restrictions apply to the length of the Access Period.
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| Name of Benefit [Text Block] |
i4LIFE® Advantage
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| Operation of Benefit [Text Block] |
i4LIFE® Advantagei4LIFE® Advantage (the Variable Annuity Payout Option Rider in your Contract) is an optional Annuity Payout rider you may purchase at an additional cost and is separate and distinct from other Annuity Payout options offered under your Contract and described later in this prospectus. See Charges and Other Deductions – i4LIFE® Advantage Charge.i4LIFE® Advantage provides variable, periodic Regular Income Payments for life subject to certain conditions. The optional Guaranteed Income Benefit, if available, provides a minimum payout floor for those Regular Income Payments. These payments are made during two time periods; an Access Period and a Lifetime Income Period, which are discussed in further detail below. If your Account Value is reduced to zero (except by additional withdrawals as described below), these payments will continue for your life (or the lives of you and your Secondary Life under the joint lifetime option) during the Lifetime Income Period. i4LIFE® Advantage is different from other Annuity Payout options provided by Lincoln because with i4LIFE® Advantage, you have the ability to make additional withdrawals or surrender the Contract during the Access Period. If your Account Value is reduced to zero due to any additional withdrawals, i4LIFE® Advantage will end and your Contract will terminate. The Guaranteed Income Benefit is described in further detail below.When you elect i4LIFE® Advantage, you must choose the Annuitant and Secondary Life (if applicable). The Annuitant and Secondary Life may not be changed after i4LIFE® Advantage is elected. For qualified contracts, the Secondary Life must be the spouse. See i4LIFE® Advantage Death Benefits regarding the impact of a change to the Annuitant prior to the i4LIFE® Advantage election. If i4LIFE® Advantage is selected, the applicable transfer provisions among Subaccounts and the fixed account will continue to be those specified in your annuity contract for transfers on or before the selection of an Annuity Payout option. However, once i4LIFE® Advantage begins, any automatic withdrawal service will terminate. See The Contracts – Transfers on or Before the Selection of an Annuity Payout Option.Additional Purchase Payments may be made during the Access Period for an IRA annuity contract. Additional Purchase Payments will not be accepted after the Periodic Income Commencement Date for a nonqualified annuity contract. Availability. i4LIFE® Advantage is available for contracts with a Contract Value of at least $50,000 and may be elected after the effective date of the Contract and before any other Annuity Payout option under this Contract is elected by sending a completed i4LIFE® Advantage election form to our Servicing Office. Additionally, if you previously elected Lincoln Market Select® Advantage, you may transition to i4LIFE® Advantage Select Guaranteed Income Benefit. See i4LIFE® Advantage Guaranteed Income Benefit Transitions. If you intend to use the Protected Income Base from you Lincoln Market Select® Advantage rider to establish the Guaranteed Income Benefit, you must elect the Guaranteed Income Benefit at the time you elect i4LIFE® Advantage. i4LIFE® Advantage and the Guaranteed Income Benefit are available on nonqualified annuities, IRAs and Roth IRAs (check with your registered representative regarding availability in the SEP market). i4LIFE® Advantage for IRA contracts is only available if the Annuitant and Secondary Life, if applicable, are age 59½ or older at the time the rider is elected. i4LIFE® Advantage without the Guaranteed Income Benefit must be elected by age 90 on IRA contracts or age 99 on nonqualified contracts. i4LIFE® Advantage Guaranteed Income Benefit must be elected by age 80 on IRA contracts or age 95 on nonqualified contracts. i4LIFE® Advantage is not available to beneficiaries of IRA contracts. Additional limitations on issue ages and features may be necessary to comply with the IRC provisions for required minimum distributions. Access Period. The Access Period begins on the Periodic Income Commencement Date and is a defined period of time during which we pay variable, periodic Regular Income Payments and provide a Death Benefit. During this period, you may surrender the Contract and make withdrawals from your Account Value (defined below). The Lifetime Income Period begins immediately at the end of the Access Period and the remaining Account Value is used to make Regular Income Payments for the rest of your life (or the Secondary Life if applicable). During the Lifetime Income Period, you will no longer be able to make withdrawals or surrenders or receive a Death Benefit. If your Account Value is reduced to zero because of Regular Income Payments or market loss, your Access Period ends.The minimum and maximum Access Periods are established at the time you elect i4LIFE® Advantage. The current Access Period requirements are outlined in the following chart:
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i4LIFE® Advantage (without a Guaranteed Income
Benefit) |
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To age 115 for nonqualified
contracts; to age 100 for
qualified contracts | The minimum Access Period requirements may vary if you transition to i4LIFE® Advantage Guaranteed Income Benefit from another rider. See i4LIFE® Advantage Guaranteed Income Benefit Transitions below. Generally, shorter Access Periods will produce a higher initial Regular Income Payment than longer Access Periods. At any time during the Access Period, you may extend or shorten the length of the Access Period subject to Servicing Office approval. Additional restrictions may apply if you are under age 59½ when you request a change to the Access Period. Currently, if you extend the Access Period, it must be extended at least 5 years. If you change the Access Period, subsequent Regular Income Payments will be adjusted accordingly, and the Account Value remaining at the end of the new Access Period will be applied to continue Regular Income Payments for your life. Currently, changes to the Access Period can only be made on Periodic Income Commencement Date anniversaries.Additional limitations on issue ages and features may be necessary to comply with the IRC provisions for required minimum distributions. We may reduce or terminate the Access Period for IRA i4LIFE® Advantage contracts in order to keep the Regular Income Payments in compliance with IRC provisions for required minimum distributions. If we lower the Access Period to comply with IRC provisions, there is no impact to the Guaranteed Income Benefit. Account Value. The initial Account Value is the Contract Value on the Valuation Date i4LIFE® Advantage is effective, less any applicable premium taxes. During the Access Period, the Account Value on a Valuation Date will equal the total value of all of the Contractowner's Accumulation Units plus the Contractowner’s value in the fixed accounts, and will be reduced by Regular Income Payments made as well as any withdrawals taken. You will have access to your Account Value during the Access Period. After the Access Period ends, the remaining Account Value will be applied to continue Regular Income Payments for your life (and the Secondary Life under the joint life option) and the Account Value will be reduced to zero.Regular Income Payments during the Access Period. i4LIFE® Advantage provides for variable, periodic Regular Income Payments for as long as an Annuitant (or Secondary Life, if applicable) is living. When you elect i4LIFE® Advantage, you will make several choices that will impact the amount of your Regular Income Payments: ●single or joint life option;●the date you will receive the initial Regular Income Payment;●the frequency of the payments (monthly, quarterly, semi-annually or annually);●the frequency the payment is recalculated; ●the assumed investment return (AIR); and●the date the Access Period ends and the Lifetime Income Period begins.Some of the choices will not be available if you elect the Guaranteed Income Benefit. If you do not choose a payment frequency, the default is a monthly payment frequency. You may also elect to have Regular Income Payments from nonqualified contracts recalculated only once each year rather than recalculated at the time of each payment. This results in level Regular Income Payments between recalculation dates. Qualified contracts are only recalculated once per year, on December 31st (if not a Valuation Date, then on the first Valuation Date of the calendar year). For nonqualified contracts, the Contractowner must elect the levelized option for Regular Income Payments if Guaranteed Income Benefit is elected. AIR rates of 3% or 4% may be available for Regular Income Payments under i4LIFE® Advantage. The higher the AIR you choose, the higher your initial Regular Income Payment will be and the higher the return must be to increase subsequent Regular Income Payments. 4% AIR will be used to calculate the Regular Income Payments under elections of Select Guaranteed Income Benefit elections.The AIR used to calculate the Regular Income Payments if transitioning from a Prior Rider may be different. See i4LIFE® Advantage Guaranteed Income Benefit Transitions below.Regular Income Payments must begin within one year of the date you elect i4LIFE® Advantage and will continue until the death of the Annuitant or Secondary Life, if applicable, or surrender. Regular Income Payments are not subject to any applicable surrender charges. See Charges and Other Deductions. For information regarding income tax consequences of Regular Income Payments, see Federal Tax Matters.The initial Regular Income Payment is calculated from the Account Value on a date no more than 14 days prior to the date you select to begin receiving Regular Income Payments. This calculation date is called the Periodic Income Commencement Date, and is the same date the Access Period begins. The amount of the initial Regular Income Payment is determined by dividing the Contract Value, less applicable premium taxes by 1,000 and multiplying the result by an annuity factor. The annuity factor is based upon:●the age of the Annuitant and Secondary Life, if applicable;●the length of the Access Period selected;●the frequency of the payments;●the AIR selected; and●the Individual Annuity Mortality table.The annuity factor used to determine the Regular Income Payments reflects the fact that, during the Access Period, you have the ability to withdraw the entire Account Value and that a Death Benefit will be paid to your Beneficiary upon your death. These benefits during the Access Period result in a slightly lower Regular Income Payment, during both the Access Period and the Lifetime Income Period, than would be payable if this access was not permitted and no lump-sum Death Benefit was payable. (The Contractowner must elect an Access Period of no less than the minimum Access Period which is currently set at 10 years.) The annuity factor also reflects the requirement that there be sufficient Account Value at the end of the Access Period to continue your Regular Income Payments for the remainder of your life (and/or the Secondary Life if applicable), during the Lifetime Income Period, with no further access or Death Benefit.The amount of your Regular Income Payment will be impacted by the length of the Access Period you have chosen. For example, if a 70-year old makes a $100,000 initial Purchase Payment, elects monthly payments, a 4% AIR, and a 20-year Access Period, the initial Regular Income Payment will be $502.46 per month ($6,029.60 annually). Using the same assumptions, but with a 30-year Access Period, the initial Regular Income Payment will be $447.09 per month ($5,365.10 annually).The Account Value will vary with the actual net investment return of the Subaccounts selected and the interest credited on the fixed account, which then determines the subsequent Regular Income Payments during the Access Period. Each subsequent Regular Income Payment (unless the levelized option is selected) is determined by dividing the Account Value on the applicable Valuation Date by 1,000 and multiplying this result by an annuity factor revised to reflect the declining length of the Access Period. As a result of this calculation, the actual net returns in the Account Value are measured against the AIR to determine subsequent Regular Income Payments. If the actual net investment return (annualized) for the Contract exceeds the AIR, the Regular Income Payment will increase at a rate approximately equal to the amount of such excess. Conversely, if the actual net investment return for the Contract is less than the AIR, the Regular Income Payment will decrease. For example, if net investment return is 3% higher (annualized) than the AIR, the Regular Income Payment for the next year will increase by approximately 3%. Conversely, if actual net investment return is 3% lower than the AIR, the Regular Income Payment will decrease by approximately 3%.Withdrawals made during the Access Period will also reduce the Account Value that is available for Regular Income Payments, and subsequent Regular Income Payments will be recalculated and could be increased or reduced, based on the Account Value following the withdrawal. For a joint life option, if either the Annuitant or Secondary Life dies during the Access Period, Regular Income Payments will be recalculated using a revised annuity factor based on the single surviving life, if doing so provides a higher Regular Income Payment. On a joint life option, the Secondary Life must be either the primary Beneficiary or joint owner in order to receive the remaining payments after the first life’s death. For nonqualified contracts, if the Annuitant and Secondary Life, if applicable, both die during the Access Period, the Guaranteed Income Benefit (if any) will terminate and the annuity factor will be revised for a non-life contingent Regular Income Payment and Regular Income Payments will continue until the Account Value is fully paid out and the Access Period ends. For qualified contracts, if the Annuitant and Secondary Life, if applicable, both die during the Access Period, i4LIFE® Advantage (and any Guaranteed Income Benefit) will terminate.Regular Income Payments during the Lifetime Income Period. The Lifetime Income Period begins at the end of the Access Period if either the Annuitant or Secondary Life is living. Your earlier elections regarding the frequency of Regular Income Payments, AIR and the frequency of the recalculation do not change. The initial Regular Income Payment during the Lifetime Income Period is determined by dividing the Account Value on the last Valuation Date of the Access Period by 1,000 and multiplying the result by an annuity factor revised to reflect that the Access Period has ended. The annuity factor is based upon:●the age of the Annuitant and Secondary Life (if living);●the frequency of the Regular Income Payments;●the AIR selected; and●the Individual Annuity Mortality table.The impact of the length of the Access Period and any withdrawals made during the Access Period will continue to be reflected in the Regular Income Payments during the Lifetime Income Period. To determine subsequent Regular Income Payments, the Contract is credited with a fixed number of Annuity Units equal to the initial Regular Income Payment (during the Lifetime Income Period) divided by the Annuity Unit value (by Subaccount). Subsequent Regular Income Payments are determined by multiplying the number of Annuity Units per Subaccount by the Annuity Unit value. Your Regular Income Payments will vary based on the value of your Annuity Units. If your Regular Income Payments are adjusted on an annual basis, the total of the annual payment is transferred to Lincoln New York's general account to be paid out based on the payment mode you selected. Your payment(s) will not be affected by market performance during that year. Your Regular Income Payment(s) for the following year will be recalculated at the beginning of the following year based on the current value of the Annuity Units.Regular Income Payments will continue for as long as the Annuitant or Secondary Life, if applicable, is living, and will continue to be adjusted for investment performance of the Subaccounts your Annuity Units are invested in. Regular Income Payments vary with investment performance.During the Lifetime Income Period, there is no longer an Account Value; therefore, no withdrawals are available and no Death Benefit is payable. In addition, transfers are not allowed from a fixed annuity payment to a variable annuity payment.i4LIFE® Advantage Credit. A quarterly i4LIFE® Advantage Credit is available if you select a minimum Access Period that is the longer of 20 years or the difference between your age and age 85, and you maintain a minimum threshold value. The threshold values and applicable credit percentages are outlined in the chart below. The i4LIFE® Advantage Credit is only available if you elect i4LIFE® Advantage on and after May 19, 2025, and is not applied to Contracts with the Guaranteed Income Benefit.The first i4LIFE® Advantage Credit will apply three months from the first Regular Income Payment. Thereafter, it will apply every three months, if all conditions are met. The i4LIFE® Advantage Credit will end at the end of the Access Period. If the Contract is terminated for any reason, including death, no further i4LIFE® Advantage Credit will be paid. Proportionate credits will not be applied. The amount of the i4LIFE® Advantage Credit is calculated on each quarterly Valuation Date by multiplying:●the variable Account Value on that date; by ●the quarterly i4LIFE® Advantage Credit percentage (determined by the applicable tier).
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Credit Percentage (Annually) |
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Credit Percentage (Quarterly) |
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| The initial threshold value equals the Account Value on the first Regular Income Payment date. The threshold value will be increased by additional Purchase Payments (qualified contracts only), which may cause your Contract to move into a Tier 1 threshold, or to move from a Tier 1 to a Tier 2 threshold and receive the applicable credit. Conversely, additional withdrawals (exclusive of i4LIFE® Advantage payments and required minimum distributions) will reduce your threshold value on a dollar-for-dollar basis, potentially dropping a Tier 2 contract to a Tier 1 contract, or to become ineligible for the credit. The i4LIFE® Advantage Credit will not be applied when the minimum threshold value is not met at the time of the quarterly evaluation.If you shorten the Access Period so that it no longer meets the stated requirement, the i4LIFE® Advantage Credit will end. However, if you subsequently extend the Access Period to meet the requirement, the i4LIFE® Advantage Credit will resume if the minimum threshold value requirement is met. The i4LIFE® Advantage Credit will be allocated to the Subaccounts in proportion to the Contract Value in each variable Subaccount on the quarterly Valuation Date. There is no additional charge to receive this i4LIFE® Advantage Credit, and in no case will the i4LIFE® Advantage Credit be less than zero. The amount of any i4LIFE® Advantage Credit received will be noted on your quarterly statement. Confirmation statements for each individual transaction will not be issued. i4LIFE® Advantage Credits are not considered Purchase Payments.i4LIFE® Advantage Death BenefitsWhen you elect i4LIFE® Advantage, the Death Benefit option that you previously elected will become the Death Benefit election under i4LIFE® Advantage, unless you elect a less expensive Death Benefit option. Existing Contractowners with the Account Value Death Benefit, who elect i4LIFE® Advantage must choose the i4LIFE® Advantage Account Value Death Benefit. The amount paid under the new Death Benefit may be less than the amount that would have been paid under the Death Benefit provided before i4LIFE® Advantage began (if premium taxes have been deducted from the Contract Value).i4LIFE® Advantage Account Value Death Benefit. The i4LIFE® Advantage Account Value Death Benefit is only available during the Access Period and is equal to the Account Value as of the Valuation Date on which we approve the payment of the death claim. You may not change this Death Benefit once it is elected.i4LIFE® Advantage Guarantee of Principal Death Benefit. The i4LIFE® Advantage Guarantee of Principal Death Benefit is only available during the Access Period and is equal to the greater of:●the Account Value as of the Valuation Date we approve the payment of the claim; or●the sum of all Purchase Payments, less the sum of Regular Income Payments and other withdrawals where:●Regular Income Payments, including withdrawals to provide the Guaranteed Income Benefit and withdrawals under a Prior Rider that are not Excess Withdrawals, reduce the Death Benefit by the dollar amount of the payment; and●all other withdrawals, if any, reduce the Death Benefit in the same proportion that withdrawals reduce the Contract Value or Account Value. References to Purchase Payments and withdrawals include Purchase Payments and withdrawals made prior to the election of i4LIFE® Advantage if your Contract was in force with the Guarantee of Principal or greater Death Benefit option prior to that election. Withdrawals that were not treated as Excess Withdrawals under a Prior Rider will reduce the Death Benefit by the dollar amount of the withdrawal.In a declining market, withdrawals which are deducted in the same proportion that withdrawals reduce the Contract Value or Account Value, may have a magnified effect on the reduction of the Death Benefit payable. This is because the reduction in the benefit may be more than the dollar amount withdrawn from the Contract Value. All references to withdrawals include deductions for any applicable charges associated with those withdrawals (surrender charges for example) and premium taxes, if any.The following example demonstrates the impact of a proportionate withdrawal on your Death Benefit:
i4LIFE® Advantage Guarantee of Principal Death Benefit |
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Account Value at the time of additional withdrawal |
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($15,000/$150,000=10% withdrawal) |
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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 | The Regular Income Payment reduced the Death Benefit by $25,000 and the additional withdrawal caused a 10% reduction in the Death Benefit, the same percentage that the withdrawal reduced the Account Value.During the Access Period, contracts with the i4LIFE® Advantage Guarantee of Principal Death Benefit may elect to change to the i4LIFE® Advantage Account Value Death Benefit by contacting us in writing at our Servicing Office. This change will be effective on the Valuation Date we receive the request, at our Servicing Office, and we will begin deducting the lower i4LIFE® Advantage charge at that time. Once the change is effective, you may not elect to return to the i4LIFE® Advantage Guarantee of Principal Death Benefit.i4LIFE® Advantage EGMDB. The i4LIFE® Advantage EGMDB is only available during the Access Period and is the greatest of:●the Account Value as of the Valuation Date on which we approve the payment of the claim; or●the sum of all Purchase Payments, less the sum of Regular Income Payments and other withdrawals where:●Regular Income Payments, including withdrawals to provide the Guaranteed Income Benefit and withdrawals under a Prior Rider that are not Excess Withdrawals, reduce the Death Benefit by the dollar amount of the payment; and●all other withdrawals, if any, reduce the Death Benefit in the same proportion that withdrawals reduce the Contract Value or Account Value. References to Purchase Payments and withdrawals include Purchase Payments and withdrawals made prior to the election of i4LIFE® Advantage if your Contract was in force with the Guarantee of Principal or greater Death Benefit option prior to that election; or●the highest Account Value or Contract Value on any contract anniversary date (including the inception date of the Contract) after the EGMDB is effective prior to the 81st birthday of the deceased and prior to the date of death. The highest Account Value or Contract Value is increased by Purchase Payments and is decreased by Regular Income Payments, including withdrawals to provide the Guaranteed Income Benefit and all other withdrawals subsequent to the anniversary date on which the highest Account Value or Contract Value is obtained. Regular Income Payments, including Guaranteed Income Benefit payments, and withdrawals are deducted in the same proportion that Regular Income Payments, Guaranteed Income Benefit payments, and withdrawals reduce the Contract Value or Account Value. When determining the highest anniversary value, if you elected the EGMDB in the base contract and this Death Benefit was in effect when you purchased i4LIFE® Advantage, we will look at the Contract Value before i4LIFE® Advantage and the Account Value after the i4LIFE® Advantage election to determine the highest anniversary value. We will look at such values on the contract annual anniversary date.In a declining market, withdrawals which are deducted in the same proportion that withdrawals reduce the Account Value, may have a magnified effect on the reduction of the Death Benefit payable. This is because the reduction in the benefit may be more than the dollar amount withdrawn from the Contract Value. All references to withdrawals include deductions for any applicable charges associated with those withdrawals (surrender charges for example) and premium taxes, if any.Contracts with the i4LIFE® Advantage EGMDB may elect to change to the i4LIFE® Advantage Guarantee of Principal or the i4LIFE® Advantage Account Value Death Benefit by contacting us in writing at the Servicing Office. This change will be effective on the Valuation Date we receive the request, at our Servicing Office, and we will begin deducting the lower i4LIFE® Advantage charge at that time. Once the change is effective, you may not elect to return to the i4LIFE® Advantage EGMDB.General Death Benefit Provisions. These Death Benefit options are only available during the Access Period and will terminate when the Account Value equals zero, because the Access Period terminates.If there is a change in the Contractowner, joint owner or Annuitant during the life of the Contract, for any reason other than death, the only Death Benefit payable for the new person will be the i4LIFE® Advantage Account Value Death Benefit. On a joint life option, the Secondary Life must be either the primary Beneficiary or joint owner in order to receive the remaining payments after the first life’s death.For nonqualified contracts, upon the death of the Contractowner, joint owner or Annuitant, the Contractowner (or Beneficiary) may elect to terminate the Contract and receive full payment of the Death Benefit or may elect to continue the Contract and receive Regular Income Payments. Upon the death of the Secondary Life, who is not also an owner, only the surrender value is paid.If you are the owner of an IRA annuity contract, and there is no Secondary Life, and you die during the Access Period, the i4LIFE® Advantage will terminate. A spouse Beneficiary may start a new i4LIFE® Advantage program.If a death occurs during the Access Period, the value of the Death Benefit will be determined as of the Valuation Date we approve the payment of the claim. Approval of payment will occur upon our receipt of all the following:1.an original certified death certificate or any other proof of death satisfactory to us; and2.written authorization for payment; and3.all required claim forms, fully completed (including selection of a settlement option).Notwithstanding any provision of this Contract to the contrary, the payment of Death Benefits provided under this Contract must be made in compliance with Code Section 72(s) or 401(a)(9) as applicable, as amended from time to time. Death Benefits may be taxable. See Federal Tax Matters.Upon notification to us of the death, Regular Income Payments may be suspended until the death claim is approved by us. Upon approval, a lump sum payment for the value of any suspended payments will be made as of the date the death claim is approved, and Regular Income Payments will continue, if applicable. The excess, if any, of the Death Benefit over the Account Value will be credited into the Contract at that time.If a lump sum settlement is elected, the proceeds will be mailed within seven days of approval by us of the claim subject to the laws, regulations and tax code governing payment of Death Benefits. This payment may be postponed as permitted by the Investment Company Act of 1940.i4LIFE® Advantage General ProvisionsWithdrawals. You may request a withdrawal at any time during the Access Period. We reduce the Account Value by the amount of the withdrawal, and all subsequent Regular Income Payments and Guaranteed Income Benefit payments, if applicable, will be recalculated. The Guaranteed Income Benefit is reduced proportionately. Withdrawals may have tax consequences. See Federal Tax Matters. Withdrawals are subject to any applicable surrender charges except when amounts may be withdrawn free of surrender charges. See Charges and Other Deductions. The following example demonstrates the impact of a withdrawal on the Guaranteed Income Benefit payments:
i4LIFE® Regular Income Payment before additional withdrawal |
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Guaranteed Income Benefit before additional withdrawal |
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Account Value at time of additional withdrawal |
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Reduction in Guaranteed Income Benefit for additional withdrawal = $900 x 10% = $90 |
Guaranteed Income Benefit after additional withdrawal = $900 - $90 = $810 | Surrender. At any time during the Access Period, you may surrender the Contract by withdrawing the surrender value. If the Contract is surrendered, the Contract terminates and no further Regular Income Payments will be made. Withdrawals are subject to any applicable surrender charges except when amounts may be withdrawn free of surrender charges. See Charges and Other Deductions. Termination. You may terminate i4LIFE® Advantage prior to the end of the Access Period by notifying us in writing. The termination will be effective on the next Valuation Date after we receive the notice. For IRA annuity contracts, upon termination, the i4LIFE® Advantage charge will end and your base contract expense will resume. Your Contract Value upon termination will be equal to the Account Value on the Valuation Date we terminate i4LIFE® Advantage.For nonqualified contracts, your i4LIFE® Advantage Death Benefit will terminate, and the Account Value Death Benefit will be in effect. The i4LIFE® Advantage charge will end, and the charge for the Account Value Death Benefit will begin. All earnings in the Contract will be subject to income taxation in the year of the termination. A termination will be treated as a surrender for income tax purposes. If you choose to keep your underlying contract in force, this transaction will be treated as a repurchase for purposes of calculating future income taxes. Your Contract Value upon termination will be equal to the Account Value on the Valuation Date we terminate i4LIFE® Advantage.i4LIFE® Advantage will terminate due to any of the following events:●the death of the Annuitant (or the later of the death of the Annuitant or Secondary Life if a joint payout was elected); or●a Contractowner requested a decrease in the Access Period or a change to the Regular Income Payment frequency; or●upon written notice from the Contractowner to us; or●assignment of the Contract; or●failure to comply with Investment Requirements. A termination of i4LIFE® Advantage Guaranteed Income Benefit due to a decrease in the Access Period, a change in the Regular Income Payment frequency, or upon written notice from the Contractowner will be effective as of the Valuation Date on the next Periodic Income Commencement Date anniversary. Termination will be only for the i4LIFE® Advantage Guaranteed Income Benefit and not the i4LIFE® Advantage election, unless otherwise specified. However, if you used the greater of the Account Value, Protected Income Base, or Guaranteed Amount under a previously held Living Benefit Rider to establish the Guaranteed Income Benefit, any termination of the Guaranteed Income Benefit will also result in a termination of the i4LIFE® Advantage election. If you terminate the i4LIFE® Advantage Guaranteed Income Benefit you may be able to re-elect it, if available, after one year. The election will be treated as a new purchase, subject to the terms and charges in effect at the time of election and the i4LIFE® Advantage Regular Income Payment will be recalculated. The i4LIFE® Advantage Guaranteed Income Benefit will be based on the Account Value at the time of the election.
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| NY American Legacy Signature 1 2025 | i4LIFEAdvantageSingleLifeMember |
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| Prospectus: |
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| Optional Benefit Expense (of Benefit Base), Current [Percent] |
0.40%
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| Optional Benefit Expense (of Benefit Base), Current [Percent] |
0.40%
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| NY American Legacy Signature 1 2025 | i4LIFEAdvantageJointLIfeMember |
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| Prospectus: |
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| Optional Benefit Expense (of Benefit Base), Current [Percent] |
0.40%
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| Optional Benefit Expense (of Benefit Base), Current [Percent] |
0.40%
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| NY American Legacy Signature 1 2025 | EGMDBDeathBenefitandLincolnMarketSelectAdvantageMember |
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| Prospectus: |
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| Surrender Expense, 1 Year, Maximum [Dollars] |
$ 12,205
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| Surrender Expense, 3 Years, Maximum [Dollars] |
22,098
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| Surrender Expense, 5 Years, Maximum [Dollars] |
32,510
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| Surrender Expense, 10 Years, Maximum [Dollars] |
58,067
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| Annuitized Expense, 1 Year, Maximum [Dollars] |
5,205
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| Annuitized Expense, 3 Years, Maximum [Dollars] |
16,098
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| Annuitized Expense, 5 Years, Maximum [Dollars] |
27,510
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| Annuitized Expense, 10 Years, Maximum [Dollars] |
58,067
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| No Surrender Expense, 1 Year, Maximum [Dollars] |
5,205
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| No Surrender Expense, 3 Years, Maximum [Dollars] |
16,098
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| No Surrender Expense, 5 Years, Maximum [Dollars] |
27,510
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| No Surrender Expense, 10 Years, Maximum [Dollars] |
$ 58,067
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| NY American Legacy Signature 1 2025 | LincolnMarketSelectAdvantageMember |
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| Prospectus: |
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| Optional Benefit Expense, Footnotes [Text Block] |
The current charge for new elections of this rider is disclosed in a Rate Sheet. 5As an annualized percentage of the Protected Income Base, as increased for subsequent Purchase Payments, Account Value Step-ups and Enhancements, and decreased by Excess Withdrawals. This fee is deducted from the Contract Value proportionately on a quarterly basis. This same fee applies when transitioning to the i4LIFE® Advantage Select Guaranteed Income Benefit. See Charges and Other Deductions – Protected Lifetime Income Fees for more information about your Living Benefit Rider.
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| Name of Benefit [Text Block] |
Lincoln Market Select® Advantage
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| Purpose of Benefit [Text Block] |
Provides:●Guaranteed lifetime periodic withdrawals up to the Protected Annual Income amount;●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.
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| Optional Benefit Expense, Footnotes [Text Block] |
The current charge for new elections of this rider is disclosed in a Rate Sheet. 5As an annualized percentage of the Protected Income Base, as increased for subsequent Purchase Payments, Account Value Step-ups and Enhancements, and decreased by Excess Withdrawals. This fee is deducted from the Contract Value proportionately on a quarterly basis. This same fee applies when transitioning to the i4LIFE® Advantage Select Guaranteed Income Benefit. See Charges and Other Deductions – Protected Lifetime Income Fees for more information about your Living Benefit Rider.
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| Brief Restrictions / Limitations [Text Block] |
●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, which includes the total guaranteed amounts across all Living Benefit Riders.●Step-ups may increase fee rate.
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| Name of Benefit [Text Block] |
Lincoln Market Select® Advantage
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| Operation of Benefit [Text Block] |
Lincoln Market Select® AdvantageLincoln Market Select® Advantage is a Living Benefit Rider available for purchase that provides: ●Guaranteed lifetime periodic withdrawals for you (and the Secondary Life if the joint life option is selected) up to the Protected Annual Income amount which is based upon a Protected Income Base; ●An Enhancement amount added to the Protected Income Base if certain criteria are met, as set forth below;●Account Value Step-ups of the Protected Income Base to the Contract Value if the Contract Value is equal to or greater than the Protected Income Base after the Enhancement; and●Age-based increases to the Protected Annual Income amount (after reaching a higher age-band and after an Account Value Step-up).Protected Annual Income payments are based upon specified percentages of the Protected Income Base which are age-based and may increase over time. You may consider purchasing Lincoln Market Select® Advantage if you want a guaranteed income payment that may grow as you get older and may increase through the Account Value Step-up and Enhancement. Please note any withdrawals made prior to the youngest age on the Rate Sheet, withdrawals that exceed the Protected Annual Income amount, or amounts that are payable to any assignee or assignee’s bank account are considered Excess Withdrawals. Excess Withdrawals may significantly reduce your Protected Income Base and Enhancement Base by an amount greater than the dollar amount of the Excess Withdrawal, and will terminate the rider if the Protected Income Base if reduced to zero. As a result, the Protected Income Amount would be reduced as well. Withdrawals will also negatively impact the availability of an Enhancement. The Contractowner, Annuitant or Secondary Life may not be changed while this rider is in effect (except if the Secondary Life assumes ownership of the Contract upon death of the Contractowner), including any sale or assignment of the Contract as collateral. Under the Lincoln Market Select® Advantage rider, the Secondary Life must be the spouse.Availability. The Lincoln Market Select® Advantage rider is available for election on all new contracts and beginning May 19, 2025, on all existing contracts. If you elect the rider at contract issue, it will be effective on the Contract's effective date. If you elected the rider after the Contract is issued, the rider will be effective on the next Valuation Date following approval by us and will be the rider version available at that time. We reserve the right to discontinue offering post-issue elections of this rider at any time upon advanced written notice to you. This means that there is a chance that you may not be able to elect it in the future. The Purchase Payment must be at least $25,000. Rider elections are subject to Servicing Office approval if your Contract Value totals $2 million or more.Lincoln Market Select® Advantage is available with nonqualified and qualified (IRAs and Roth IRAs) annuity contracts. The Contractowner/Annuitant (as well as the spouse if the joint life option is in effect) must under age 86 at the time the Contract is issued. This rider is not available to non-spouse beneficiaries of IRAs or nonqualified contracts.Benefit Year. The Benefit Year is the 12-month period starting with the effective date of the rider and starting with each anniversary of the rider effective date after that. If your Benefit Year anniversary falls on a day that the New York Stock Exchange is closed, any benefit calculations scheduled to occur on that anniversary will occur on the next Valuation Date.Protected Income Base and Enhancement Base. The Protected Income Base is a value used to calculate your Protected Annual Income amount. The initial Protected Income Base varies based on when you elect the rider. If you elect the rider at the time you purchase the Contract, the initial Protected Income Base will equal your initial Purchase Payment. If you elect the rider after we issue the Contract, the initial Protected Income Base will equal the Contract Value on the effective date of the rider. The Protected Income Base is increased by subsequent Purchase Payments, Enhancements, and Account Value Step-ups, and decreased by Excess Withdrawals in accordance with the provisions set forth below. The maximum Protected Income Base is $10 million, which includes the total guaranteed amounts under the Living Benefit Riders of all Lincoln New York contracts (or contracts issued by our affiliates) in which you (and/or Secondary Life if joint life option) are the covered lives.The Enhancement Base is the value used to calculate the amount that may be added to the Protected Income Base upon an Enhancement. The Enhancement Base is equal to the Protected Income Base on the effective date of the rider, increased by subsequent Purchase Payments and Account Value Step-ups, and decreased by Excess Withdrawals in accordance with the provisions set forth below. The Enhancement Base is not increased by an Enhancement. Neither the Protected Income Base nor the Enhancement Base is available to you as a lump sum withdrawal or as a Death Benefit. Additional Purchase Payments received after the rider effective date automatically increase the Protected Income Base (not to exceed the maximum Protected Income Base) and Enhancement Base by the amount of the Purchase Payment. For example, a $10,000 additional Purchase Payment will increase the Protected Income Base and Enhancement Base by $10,000. No Purchase Payments will be accepted after 90 days from the date the application is received.Excess Withdrawals reduce the Protected Income Base and Enhancement Base as discussed below. The reduction to the Protected Income Base and the Enhancement Base could be more than the dollar amount of the withdrawal. Withdrawals less than or equal to the Protected Annual Income amount will not reduce the Protected Income Base or Enhancement Base.Enhancement. You are eligible for an increase in the Protected Income Base through an Enhancement on each Benefit Year anniversary if: a. the Contractowner/Annuitant (as well as the Secondary Life if the joint life option is in effect) is under age 86; b. there were no withdrawals in the preceding Benefit Year and the first Protected Annual Income withdrawal has not occurred; c. the rider is within the Enhancement Period (described below);d. the Protected Income Base after the Enhancement amount is added would be greater than the Contract Value on the same Benefit Year anniversary; ande. the Enhancement Base, if applicable, is greater than zero.The Enhancement equals the Enhancement Base multiplied by the Enhancement Rate. The current Enhancement rate applicable to new rider elections is determined in our sole discretion based on current economic factors including interest rates and equity market volatility. Generally, the rate may increase or decrease based on changes in equity market volatility, prevailing interest rates, or as a result of other economic conditions. The rate structure is intended to help us provide the guarantees under the rider. The Enhancement rate for new rider elections may be higher or lower than prior rates, but for existing Contractowners that have elected the rider, your rate will not change as a result.The Enhancement rate applicable to new rider elections is set forth in a Rate Sheet prospectus supplement. The Rate Sheet indicates the Enhancement rate and the date by which your application or rider election form must be signed and dated for a rider to be issued with this rate. The rate may be superseded at any time, in our sole discretion, and may be higher or lower than the rate on the previous Rate Sheet.The effective date of a subsequent Rate Sheet will be at least 10 days after it is filed. In order to get the rate indicated in a Rate Sheet, your application or rider election form must be sent to us, and must be signed and dated on or after the effective date of the Rate Sheet. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your registered representative, online at www.lfg.com/VAprospectus or by calling us at 1-800-942-5500. Enhancement rates for previous effective periods are included in Appendix E to this prospectus.During the first ten Benefit Years, an increase in the Protected Income Base as a result of the Enhancement will not cause an increase in the annual protected lifetime income fee rate but will increase the dollar amount of the fee. After the tenth Benefit Year anniversary, if the Enhancement Period has renewed, the annual rate may increase each time the Protected Income Base increases as a result of the Enhancement. If you decline an Enhancement, you will continue to be eligible for an Enhancement starting on the next Benefit Year anniversary as long as you meet the conditions listed above. Note: The Enhancement is not available on any Benefit Year anniversary if an Account Value Step-up to the Protected Income Base occurs, or where there has been a withdrawal of Contract Value (including a Protected Annual Income payment) in the preceding Benefit Year. If you are eligible (as defined above) for the Enhancement in the next Benefit Year, the Enhancement will not occur until the Benefit Year anniversary of that year. Enhancements are not available once the first Protected Annual Income withdrawal occurs.Enhancement Period. The original Enhancement Period is up to a 10-year period that begins on the effective date of the rider. A new Enhancement Period begins immediately following an Account Value Step-up. If during any Enhancement Period there are no Account Value Step-ups, the Enhancements will stop at the end of the Enhancement Period and will not restart until the next Benefit Year anniversary following the Benefit Year anniversary upon which an Account Value Step-up occurs. Account Value Step-ups. The Protected Income Base and Enhancement Base will automatically step up to the Contract Value on each Benefit Year anniversary if: a.the Contractowner/Annuitant (single life option), or the Contractowner/Annuitant and Secondary Life (joint life option) are under age 86; andb.the Contract Value on that Benefit Year anniversary, after the deduction of any withdrawals (including surrender charges, the protected lifetime income fee and account fee), is equal to or greater than the Protected Income Base after an Enhancement (if any). Each time the Account Value Step-up occurs, a new Enhancement Period begins. The Account Value Step-up is available even in those years when a withdrawal has occurred.The fee rate can change each time there is an Account Value Step-up. That means if the current fee rate has increased, this would cause an increase in your annual fee rate for this rider. If your fee rate is increased, you may opt out of the Account Value Step-up. See Charges and Other Deductions – Protected Lifetime Income Fees for details. If you decline an Account Value Step-up, you will continue to be eligible for an Enhancement through the end of the Enhancement Period, including in the year you declined the Account Value Step-up, as long as you meet the conditions listed above. Withdrawal Amount. Protected Annual Income withdrawals are available at the youngest age on the Rate Sheet. The Protected Annual Income amount may be withdrawn from the Contract each Benefit Year. As long as the Protected Annual Income amount is not reduced to zero, these withdrawals may be taken for your lifetime (single life option) or the lifetimes of you and the Secondary Life (joint life option). The Protected Annual Income amount is determined by multiplying the Protected Income Base by the applicable rate, based on your age and whether the single or joint life option has been elected. Under the joint life option, the younger age of you or the Secondary Life will be used. The Protected Annual Income amount will change upon an Account Value Step-up, an Enhancement, additional Purchase Payments, and Excess Withdrawals, as described below.The Protected Annual Income rates applicable to new rider elections are set forth in a supplement to this prospectus, called a Rate Sheet. The Rate Sheet indicates the Protected Annual Income rates and the date by which your application or rider election form must be signed and dated for a rider to be issued with those rates. The rates may be superseded at any time, in our sole discretion, and may be higher or lower than the rates on the previous Rate Sheet. The effective date of a subsequent Rate Sheet will be at least 10 days after it is filed. In order to get the rates indicated in a Rate Sheet, your application or rider election form must be sent to us, and must be signed and dated on or after the effective date of the Rate Sheet. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your registered representative, online at www.lfg.com/VAprospectus or by calling us at 1-800-942-5500. Rate information for previous effective periods is included in an Appendix to this prospectus. After your first Protected Annual Income withdrawal, the Protected Annual Income rate will only increase on a Benefit Year anniversary on or after you have reached an applicable higher age band and after there has also been an Account Value Step-up. If you have reached an applicable higher age band and there has not also been a subsequent Account Value Step-up, then the Protected Annual Income rate will not increase until the next Account Value Step-up occurs. If you do not withdraw the entire Protected Annual Income amount during a Benefit Year, there is no carryover of the remaining amount into the next Benefit Year.If your Contract Value is reduced to zero for any reason other than for an Excess Withdrawal, the remaining Protected Annual Income amounts for that Benefit Year will be paid in a lump sum. On the next rider anniversary, the scheduled amount will automatically resume and continue for your life (and the Secondary Life’s life if the joint life option is chosen) under the Protected Annual Income Payout Option. You may not withdraw the remaining Protected Income Base or Enhancement Base in a lump sum. You will not be entitled to the Protected Annual Income amount if the Protected Income Base is reduced to zero as a result of an Excess Withdrawal. If either the Contract Value or the Protected Income Base is reduced to zero due to an Excess Withdrawal, the rider will terminate.Cumulative withdrawals during a Benefit Year that are equal to or less than the Protected Annual Income amount will not reduce the Protected Income Base or Enhancement Base. All withdrawals will decrease the Contract Value. Surrender charges are waived on cumulative withdrawals less than or equal to the Protected Annual Income amount.Excess Withdrawals. Excess Withdrawals are: 1.the cumulative amounts withdrawn from the Contract during the Benefit Year (including the current withdrawal) that exceed the Protected Annual Income amount at the time of the withdrawal; 2.withdrawals made prior to the youngest age on the Rate Sheet; or 3.withdrawals that are payable to any assignee or assignee’s bank account.When an Excess Withdrawal occurs:1.the Protected Income Base and Enhancement Base are reduced by the same proportion that the Excess Withdrawal reduces the Contract Value. This means that the reduction in the Protected Income Base and Enhancement Base could be more than the dollar amount of the withdrawal; and 2.the Protected Annual Income amount will be recalculated to equal the applicable Protected Annual Income rate multiplied by the new (reduced) Protected Income Base (after the proportionate reduction for the Excess Withdrawal). Your quarterly statements will include the Protected Annual Income amount (as adjusted for Protected Annual Income amount payments in a Benefit Year and Excess Withdrawals) available to you for the Benefit Year, if applicable, in order for you to determine whether a withdrawal may be an Excess Withdrawal. We encourage you to either consult with your registered representative or call us at the number provided in this prospectus if you have any questions about Excess Withdrawals.In a declining market, Excess Withdrawals may significantly reduce your Protected Income Base, Enhancement Base, and Protected Annual Income amount. This is because the reduction in the benefit may be more than the dollar amount withdrawn from the Contract Value. If the Protected Income Base is reduced to zero due to an Excess Withdrawal, the rider will terminate. If the Contract Value is reduced to zero due to an Excess Withdrawal, the rider and Contract will terminate. Surrender charges are waived on cumulative withdrawals less than or equal to the Protected Annual Income amount. Excess Withdrawals will be subject to surrender charges unless one of the waivers of surrender charge provisions set forth in this prospectus is applicable. Continuing with the prior example of the $12,000 withdrawal: the $4,250 Protected Annual Income amount is not subject to surrender charges: the $7,750 Excess Withdrawal may be subject to surrender charges according to the surrender charge schedule in this prospectus. See Charges and Other Deductions – Surrender Charge.Withdrawals from IRA contracts will not be considered Excess Withdrawals (even if they exceed the Protected Annual Income amount) only if the withdrawals are taken as systematic installments of the amount needed to satisfy the required minimum distribution (RMD) rules under Internal Revenue Code Section 401(a)(9). In addition, in order for this exception for RMDs to apply, the following must occur:1.Lincoln’s automatic withdrawal service is used to calculate and pay the RMD; 2.The RMD calculation must be based only on the value in this Contract; 3.No withdrawals other than the RMD are made within the Benefit Year (except as described in the next paragraph);4.This Contract is not a beneficiary IRA; and5.The younger of you or the Secondary Life (joint life option) reach the youngest age on the Rate Sheet.If your RMD withdrawals during a Benefit Year are less than the Protected Annual Income amount, an additional amount up to the Protected Annual Income amount may be withdrawn and will not be subject to surrender charges. If a withdrawal, other than an RMD is made during the Benefit Year, then all amounts withdrawn in excess of the Protected Annual Income amount, including amounts attributable to the RMD, will be treated as Excess Withdrawals.Distributions from qualified contracts are generally taxed as ordinary income. Distributions from nonqualified contracts that are includable in gross income are also generally taxed as ordinary income. See Federal Tax Matters for information on determining what amounts are includable in gross income.Protected Annual Income Payout Option. The Protected Annual Income Payout Option (“PAIPO”) is an Annuity Payout option under which the Contractowner (and joint life if applicable) will receive annuity payments equal to the Protected Annual Income amount for life. This option is different from other Annuity Payout options, including i4LIFE® Advantage Select Guaranteed Income Benefit, which are based on your Contract Value. If you are required to take annuity payments because you have reached the Annuity Commencement Date, you have the option of electing the PAIPO. If the Contract Value is reduced to zero and you have a remaining Protected Income Base, you will receive the PAIPO. Contractowners may decide to choose the PAIPO over i4LIFE® Advantage Select Guaranteed Income Benefit if they feel this may provide a higher final payment over time and they place more importance on this payment over access to the Account Value. Payment frequencies other than annual may be available. You will have no other contract features other than the right to receive annuity payments equal to the Protected Annual Income amount for your life or the life of you and the Secondary Life for the joint life option.If you are receiving the PAIPO, the Beneficiary may be eligible to receive final payment upon death of the single life or surviving joint life. If the Account Value Death Benefit option was in effect immediately prior to electing the PAIPO, the Beneficiary will not be eligible to receive the final payment(s). The final payment is a one-time lump-sum payment and will be equal to the Contract Value on the effective date of the rider increased for Purchase Payments received after the rider effective date and decreased by withdrawals. Excess Withdrawals reduce the final payment in the same proportion as the withdrawals reduce the Contract Value; withdrawals less than or equal to the Protected Annual Income amount and payments under the PAIPO will reduce the final payment dollar for dollar.Death Prior to the Selection of an Annuity Payout Option. Lincoln Market Select® Advantage has no provision for a payout of the Protected Income Base or Enhancement Base upon death of the Contractowner or Annuitant and provides no increase in the Death Benefit value over and above what the Death Benefit provides in the base contract. At the time of death, if the Contract Value equals zero, no Death Benefit options (as described earlier in this prospectus) will be in effect. Election of Lincoln Market Select® Advantage does not impact the Death Benefit options available for purchase with your annuity contract. All Death Benefit payments must be made in compliance with Internal Revenue Code Sections 72(s) or 401(a)(9) as applicable as amended from time to time. See Benefits Available Under the Contract – Death Benefit.Upon the death of the single life, this rider will end and no further Protected Annual Income amounts are available (even if there was a Protected Income Base in effect at the time of the death). Upon the first death under the joint life option, withdrawals up to the Protected Annual Income amount continue to be available for the life of the surviving spouse. The Enhancement and Account Value Step-up will continue, if applicable, as discussed above. Upon the death of the surviving spouse, Lincoln Market Select® Advantage will end and no further Protected Annual Income amounts are available (even if there was a Protected Income Base in effect at the time of the death). As an alternative, after the first death, the surviving spouse, if under age 86, may choose to terminate the joint life option and purchase a new single life option, if available, under the terms and charge in effect at the time for a new purchase (depending on rider availability). In deciding whether to make this change, the surviving spouse should consider whether the change will cause the Protected Income Base and the Protected Annual Income amount to decrease. Termination. After the fifth Benefit Year anniversary, the Contractowner may terminate the rider by notifying us in writing of the request to terminate or by failing to adhere to Investment Requirements. Lincoln Market Select® Advantage will automatically terminate:●on the selection of an Annuity Payout option (except payments under the Protected Annual Income Payout Option will continue if applicable); ●upon death under the single life option or the death of the Secondary Life under the joint life option; ●when the Protected Income Base or Contract Value is reduced to zero due to an Excess Withdrawal; ●if the Contractowner or Annuitant is changed (except if the surviving Secondary Life assumes ownership of the Contract upon death of the Contractowner) including any sale or assignment of the Contract or any pledge of the Contract as collateral;●on the date the Contractowner is changed pursuant to an enforceable divorce agreement or decree; or●upon surrender or termination of the underlying annuity contract.The termination will not result in any increase in Contract Value equal to the Protected Income Base or Enhancement Base. Upon effective termination of this rider, the benefits and charges within this rider will terminate. If you terminate the rider, we reserve the right to require a 12-month wait after this termination before you can elect any Living Benefit Rider available for purchase at that time.i4LIFE® Advantage Guaranteed Income Benefit option. Contractowners who elect Lincoln Market Select® Advantage may decide to later transition to i4LIFE® Advantage Select Guaranteed Income Benefit. This transition must be made prior to the maximum age limit and prior to the selection of an Annuity Payout option. You cannot have both i4LIFE® Advantage and another Living Benefit Rider in effect on your Contract at the same time. See i4LIFE® Advantage Guaranteed Income Benefit Transitions for a discussion of this transition.
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| Calculation Method of Benefit [Text Block] |
The following is an example of the impact of a 5% Enhancement on the Protected Income Base and assumes that no withdrawals have been made:Initial Purchase Payment = $100,000; Protected Income Base = $100,000; Enhancement Base = $100,000
Additional Purchase Payment on day 30 = $15,000; Protected Income Base = $115,000; Enhancement Base = $115,000On the first Benefit Year anniversary the Protected Income Base will not be less than $120,750 (= $100,000 x 1.05 + $15,000 x 1.05).As explained below, an Enhancement and Account Value Step-up will not occur in the same year. If the Account Value Step-up provides an increase equal to or greater than what the Enhancement provides, you will not receive the Enhancement. It is possible that this could happen each Benefit Year (because the Account Value Step-up provided a larger increase each year), and therefore the Enhancement would not apply. The Enhancement or the Account Value Step-up cannot increase the Protected Income Base above the maximum Protected Income Base of $10 million.An example of the impact of a withdrawal on the Enhancement is included in the Withdrawal Amount section below.Following is an example of how the Account Value Step-up and the 5% Enhancements impact the Protected Income Base (assuming no withdrawals):
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1st Benefit Year anniversary |
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2nd Benefit Year anniversary |
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| On the first Benefit Year anniversary, the Account Value Step-up increased the Protected Income Base to the Contract Value of $54,000 since the increase in the Contract Value is greater than the 5% Enhancement amount of $2,500 (5% of $50,000). On the second Benefit Year anniversary, the 5% Enhancement provided a larger increase (5% of $54,000 = $2,700). The 5% Enhancement or an Account Value Step-up cannot increase the Protected Income Base beyond the maximum Protected Income Base of $10 millionThe following example shows the calculation of the Protected Annual Income amount and how withdrawals less than or equal to the Protected Annual Income amount impact the Protected Income Base, the Enhancement Base and the Contract Value. The example assumes a 5% Enhancement, a 4% Protected Annual Income rate, and a Contract Value of $200,000:
Contract Value on the rider’s effective date |
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Protected Income Base and Enhancement Base on the rider’s
effective date |
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Initial Protected Annual Income amount on the rider’s effective
date ($200,000 x 4%) |
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Contract Value six months after rider’s effective date |
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Protected Income Base and Enhancement Base six months after
rider’s effective date |
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Withdrawal six months after the rider’s effective date |
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Contract Value after withdrawal ($210,000 - $8,000) |
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Protected Income Base and Enhancement Base after withdrawal
($200,000 - $0) |
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Contract Value on the first Benefit Year anniversary |
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Protected Income Base and Enhancement Base on the first Benefit
Year anniversary |
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Protected Annual Income amount on the first Benefit Year
anniversary ($205,000 x 4%) |
| Since there was a withdrawal during the first year, an Enhancement is not available, but the Account Value Step-up was available and increased the Protected Income Base and the Enhancement Base to the Contract Value of $205,000. On the first Benefit Year anniversary, the Protected Annual Income amount is $8,200 (4% x $205,000).Purchase Payments added to the Contract subsequent to the initial Purchase Payment will increase the Protected Annual Income amount by an amount equal to the applicable Protected Annual Income rate multiplied by the amount of the subsequent Purchase Payment. For example, assuming a Contractowner has a Protected Annual Income amount of $8,000 (4% of $200,000 Protected Income Base), an additional Purchase Payment of $10,000 increases the Protected Annual Income amount that Benefit Year to $8,400 ($8,000 + 4% of $10,000). The Protected Annual Income payment amount will be recalculated immediately after a Purchase Payment is added to the Contract. Enhancements and Account Value Step-ups will increase the Protected Income Base and thus the Protected Annual Income amount. The Protected Annual Income amount, after the Protected Income Base is adjusted by an Enhancement or an Account Value Step-up will be equal to the adjusted Protected Income Base multiplied by the applicable Protected Annual Income rate. The following example demonstrates the impact of an Excess Withdrawal on the Protected Income Base, the Enhancement Base, the Protected Annual Income amount, and the Contract Value. The example assumes a 5% Protected Annual Income rate and a $10,940 withdrawal, which causes a $10,200 reduction in the Protected Income Base and Enhancement Base.Prior to Excess Withdrawal:
Contract Value = $60,000
Protected Income Base = $85,000
Enhancement Base = $85,000
Protected Annual Income amount = $4,250 (5% of the Protected Income Base of $85,000)After a $10,940 withdrawal ($4,250 is within the Protected Annual Income amount, $6,690 is the Excess Withdrawal):
The Contract Value is reduced by the amount of the Protected Annual Income amount of $4,250 and the Protected Income Base and Enhancement Base are not reduced:
Contract Value = $55,750 ($60,000 - $4,250)
Protected Income Base = $85,000
Enhancement Base = $85,000The Contract Value is also reduced by the $6,690 Excess Withdrawal and the Protected Income Base and Enhancement Base are reduced by approximately 12%, the same proportion by which the Excess Withdrawal reduced the $55,750 Contract Value ($6,690 / $55,750).Contract Value = $49,060 ($55,750 - $6,690)
Protected Income Base = $74,800 ($85,000 x 12% = $10,200; $85,000 - $10,200 = $74,800)
Enhancement Base = $74,800 ($85,000 x 12% = $10,200; $85,000 - $10,200 = $74,800)
Protected Annual Income amount = $3,740 (5% of $74,800 Protected Income Base)On the following Benefit Year anniversary, the Contract Value has been reduced due to a declining market, but the Protected Income Base and Enhancement Base are unchanged:Contract Value = $48,000
Protected Income Base = $74,800
Enhancement Base = $74,800
Protected Annual Income amount = $3,740 (5% x $74,800)
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| NY American Legacy Signature 1 2025 | GuaranteedBenefitMember |
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| Prospectus: |
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| Operation of Benefit [Text Block] |
If a Contractowner, joint owner or Annuitant was added or changed subsequent to the effective date of the Contract (unless the change occurred because of the death of a prior Contractowner, joint owner or Annuitant), upon death, we will only pay the Contract Value as of the Valuation Date we approve the payment of the death claim.If your Contract Value equals zero, no Death Benefit will be paid.
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| NY American Legacy Signature 1 2025 | EstateEnhancementBenefitRiderMember |
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| Prospectus: |
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| Operation of Benefit [Text Block] |
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| NY American Legacy Signature 1 2025 | GeneralDeathBenefitInformationMember |
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| Prospectus: |
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| Operation of Benefit [Text Block] |
General Death Benefit InformationOnly one of these Death Benefits may be in effect at any one time. Your Death Benefit terminates on and after the selection of an Annuity Payout option. i4LIFE® Advantage only provides Death Benefit options during the Access Period. There are no Death Benefits during the Lifetime Income Period. Please see the i4LIFE® Advantage – i4LIFE® Advantage Death Benefit section of this prospectus for more information.If there are joint owners, upon the death of the first Contractowner, we will pay a Death Benefit to the surviving joint owner. The surviving joint owner will be treated as the primary, designated Beneficiary. Any other Beneficiary designation on record at the time of death will be treated as a contingent Beneficiary. If the surviving joint owner is the spouse of the deceased joint owner, he/she may continue the Contract as sole Contractowner. Upon the death of the spouse who continued the Contract, we will pay a Death Benefit to the designated Beneficiary(s).If the Beneficiary is the spouse of the Contractowner, then the spouse may elect to continue the Contract as the new Contractowner. All Contract provisions relating to spousal continuation are available only to a person who meets the definition of “spouse” under federal law. The U.S. Supreme Court has held that same-sex marriages must be permitted under state law and that marriages recognized under state law will be recognized for federal law purposes. Domestic partnerships and civil unions that are not recognized as legal marriages under state law, however, will not be treated as marriages under federal law. You are strongly encouraged to consult a tax advisor before electing spousal rights under the Contract. Should the surviving spouse elect to continue the Contract, a portion of the Death Benefit may be credited to the Contract. Any portion of the Death Benefit that would have been payable (if the Contract had not been continued) that exceeds the current Contract Value on the Valuation Date we approve the claim will be added to the Contract Value. A portion of the Death Benefit credited to the Contract will be allocated to the variable Subaccounts in proportion to the Contract Value in each variable Subaccount. If the Contract is continued in this way the Death Benefit in effect at the time the Beneficiary elected to continue the Contract will remain as the Death Benefit.The value of the Death Benefit will be determined as of the Valuation Date we approve the payment of the claim. Approval of payment will occur upon our receipt of a claim submitted in Good Order. To be in Good Order, we require all the following:1.an original certified death certificate or other proof of death satisfactory to us; and2.written authorization for payment; and3.all required claim forms, fully completed (including selection of a settlement option).Notwithstanding any provision of this Contract to the contrary, the payment of Death Benefits provided under this Contract must be made in compliance with Code Section 72(s) or 401(a)(9) as applicable, as amended from time to time. Death Benefits may be taxable. See Federal Tax Matters.Unless otherwise provided in the Beneficiary designation, one of the following procedures will take place on the death of a Beneficiary:●if any Beneficiary dies before the Contractowner, that Beneficiary’s interest will go to any other Beneficiaries named, according to their respective interests; and/or●if no Beneficiary survives the Contractowner, the proceeds will be paid to the Contractowner’s estate.If the Beneficiary is a minor, court documents appointing the guardian/custodian may be required.The Beneficiary may choose the method of payment of the Death Benefit unless the Contractowner has already selected a settlement option. If the Contract is a nonqualified contract, the Death Benefit payable to the Beneficiary or joint owner must be distributed within five years of the Contractowner’s date of death unless the Beneficiary begins receiving, within one year of the Contractowner’s death, the distribution in the form of a life annuity or an annuity for a designated period not extending beyond the Beneficiary’s life expectancy. If the Death Benefit is not distributed within five years of the Contractowner’s date of death, for any reason, including the claim was not presented in Good Order, then the Company will pay the proceeds to the Beneficiary. If the Contract is a qualified contract or IRA, then according to the IRC, the Death Benefit payable to the Beneficiary or joint owner must be distributed within ten years of the Contractowner’s date of death unless the Beneficiary is an “eligible designated beneficiary”. An eligible designated beneficiary may take the Death Benefit distribution in the form of a life annuity or an annuity for a designated period not extending beyond the Beneficiary’s life expectancy, subject to certain additional exceptions. If the Contract is not distributed within the ten-year deadline, for any reason, including that the claim was not presented in Good Order, the balance is treated as a required minimum distribution under the Internal Revenue Code and subject to a 50% tax. Upon the death of the Annuitant, Federal tax law requires that an annuity election be made no later than 60 days after we have approved the death claim for payment.The recipient of a Death Benefit may elect to receive payment either in the form of a lump sum settlement or an Annuity Payout. If a lump sum settlement is elected, the proceeds will be mailed within seven days of approval by us of the claim subject to the laws, regulations and tax code governing payment of Death Benefits. This payment may be postponed as permitted by the Investment Company Act of 1940.
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| NY American Legacy Signature 1 2025 | LivingBenefitsMember |
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| Prospectus: |
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| Operation of Benefit [Text Block] |
Living Benefit RidersThe Living Benefit Riders described in this section provide different methods to take income from your Contract Value or receive lifetime payments and provide certain guarantees, regardless of the investment performance of the Contract. These guarantees are subject to certain conditions, as set forth below. There are differences between the riders in the features provided, income rates, investment options, charge rates, and charge structure. Additionally, the age at which you may begin receiving a benefit from your rider may vary between riders. In addition, the purchase of one rider may impact the availability of another rider. Not all riders will be available at all times. Before you elect a rider, or terminate your existing rider to elect a new rider, you should carefully review the terms and conditions of each rider. Riders elected at contract issue will be effective on the Contract’s effective date. Riders elected after the Contract is issued will be effective on the next Valuation Date following approval by us. You cannot elect more than one Living Benefit Rider or payout option offered in your Contract at any one time. Your registered representative will help you determine which Living Benefit Rider best suits your financial goals. The benefits and features of the optional Living Benefit Riders are separate and distinct from the downside protection strategies that may be employed by the funds offered under the Contract. The riders do not guarantee the investment results of the funds. There is no guarantee that any Living Benefit Rider (except i4LIFE® Advantage) will be available in the future, as we reserve the right to discontinue them at any time. In addition, we may make different versions of a rider available to new purchasers. Excess Withdrawals under certain Living Benefit Riders may result in a reduction or premature termination of those benefits or of those riders. If you are not certain how an Excess Withdrawal will reduce your future guaranteed amounts, you should contact either your registered representative or us prior to requesting a withdrawal to find out what impact, if any, the Excess Withdrawal will have on any guarantees under the Living Benefit Rider. If you purchase a Living Benefit Rider (except i4LIFE® Advantage), you will be required to adhere to Investment Requirements, which will limit your ability to invest in certain Subaccounts offered in your Contract. In addition, the fixed account is not available except for use with dollar cost averaging. See Appendix B – Investment Requirements for more information.From time to time, we relax our rules that apply to dropping certain riders and subsequently adding certain new ones. For example, we may waive the waiting period and instead permit you to add a new rider immediately after dropping your old one. We may also let you drop a rider before it has been in effect for the required holding period. When you drop your old rider, your old rider and charge will be terminated. If you drop a rider for a new one during a period of time when we do not have an offer in place or have a different offer, you will not be eligible for any future offers related to the rider you previously dropped, even if such future offer would have included a greater or different benefit. Rate SheetsThe current Enhancement rate, Protected Annual Income rates, and Guaranteed Income Benefit percentages available under certain Living Benefit Riders are declared in a Rate Sheet prospectus supplement. The Rate Sheet indicates the current rates and/or current percentages and the date by which your application or rider election form must be signed and dated for a rider to be issued with those rates and/or percentages. The rates and/or percentages may be superseded at any time, in our sole discretion, and may be higher or lower than the rates and/or percentages on the previous Rate Sheet. The effective date of a subsequent Rate Sheet will be at least 10 days after it is filed. In order to get the rate and/or percentage indicated in a Rate Sheet, your application or rider election form must be sent to us, and must be signed and dated on or after the effective date of the Rate Sheet. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your registered representative, online at www.lfg.com/VAprospectus or by calling us at 1-800-942-5500.
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| NY American Legacy Signature 1 2025 | i4LifeAdvantageGuaranteedIncomeBenefitMember |
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| Prospectus: |
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| Operation of Benefit [Text Block] |
Guaranteed Income Benefit The Guaranteed Income Benefit is an optional benefit that is available for an additional charge. It provides that your Regular Income Payments will never be less than a minimum payout floor, regardless of the actual investment performance of your Contract. If you have elected Lincoln Market Select® Advantage, you are guaranteed the right to transition to i4LIFE® Advantage Select Guaranteed Income Benefit even if it is no longer available for purchase.
If you purchase any version of i4LIFE® Advantage Guaranteed Income Benefit, you will be required to adhere to Investment Requirements, which will limit your ability to invest in certain Subaccounts offered in your Contract. In addition, the fixed account is not available except for use with dollar cost averaging. See Appendix B – Investment Requirements for more information. You will be subject to those Investment Requirements for the entire time you own the rider. Failure to comply with the Investment Requirements will result in the termination of the rider. We may make different versions of the Guaranteed Income Benefit available to new purchasers or may create different versions for use with various Living Benefit Riders. However, certain Living Benefit Riders may guarantee a Contractowner the right to transition from that Prior Rider to a version of i4LIFE® Advantage Guaranteed Income Benefit that may no longer be offered. The transition rules are set forth below.The total annual Guaranteed Income Benefit that would otherwise be payable may be subject to a maximum amount. Please refer to your Contract or contact your registered representative for more information.Guaranteed Income Benefit Amount. The Guaranteed Income Benefit will be based on the greater of A and B:A.the Account Value immediately prior to electing Guaranteed Income Benefit; or B.the Protected Income Base under the Prior Rider reduced by all Protected Annual Income payments since the last Account Value Step-up (or inception date if no step-ups have occurred). The initial Guaranteed Income Benefit will be an amount equal to a specified percentage of the above, based on your age (or the age of the younger life under a joint life option) at the time the Guaranteed Income Benefit is elected or, if transitioning from a Prior Rider, the date of the first Regular Income Payment. Guaranteed Income Benefit Percentages and Age-Bands. The specific percentages and applicable age-bands for calculating the initial Guaranteed Income Benefit are discussed below. The initial Guaranteed Income Benefit percentages applicable to new rider elections are determined in our sole discretion based on current economic factors including interest rates and equity market volatility. Generally, the percentages may increase or decrease based on changes in equity market volatility, prevailing interest rates, or as a result of other economic conditions. This percentage structure is intended to help us provide the guarantees under the rider. The initial Guaranteed Income Benefit percentages for new rider elections may be higher or lower than prior percentages, but for existing Contractowners that have elected the rider, your Guaranteed Income Benefit percentages will not change as a result.Select Guaranteed Income Benefit. The initial Guaranteed Income Benefit percentages applicable to transitions from a Prior Rider, are set forth in a Rate Sheet prospectus supplement. The Rate Sheet indicates the Guaranteed Income Benefit percentage and the date by which your application must be signed and dated for a Contract to be issued with that percentage. The Guaranteed Income Benefit percentages in the Rate Sheet can be superseded. The effective date of a subsequent Rate Sheet will be at least 10 days after it is filed. The Guaranteed Income Benefit percentages in any subsequent Rate Sheet may be higher or lower than the percentages on the previous Rate Sheet. Your application or rider election form must be sent to us, and must be signed and dated on after the effective date of the Rate Sheet in order to get the percentage indicated in a Rate Sheet. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your registered representative, online at www.lfg.com/VAprospectus or by calling us at 1-800-942-5500. Guaranteed Income Benefit General ProvisionsFor all versions of the Guaranteed Income Benefit, if the amount of your i4LIFE® Advantage Regular Income Payment has fallen below the Guaranteed Income Benefit because of poor investment results, a payment equal to the i4LIFE® Advantage Guaranteed Income Benefit is the minimum payment you will receive. If the market performance in your Contract is sufficient to provide Regular Income Payments at a level that exceeds the Guaranteed Income Benefit, the Guaranteed Income Benefit will never come into effect. If the Guaranteed Income Benefit is paid, it will be paid with the same frequency as your Regular Income Payment. If your Regular Income Payment is less than the Guaranteed Income Benefit, we will reduce the Account Value by the Regular Income Payment plus an additional amount equal to the difference between your Regular Income Payment and the Guaranteed Income Benefit (in other words, Guaranteed Income Benefit payments reduce the Account Value by the entire amount of the Guaranteed Income Benefit payment). This payment will be made from the variable Subaccounts and the fixed account proportionately, according to your investment allocations.If your Account Value reaches zero as a result of payments to provide the Guaranteed Income Benefit, we will continue to pay you an amount equal to the Guaranteed Income Benefit. If your Account Value reaches zero, your Access Period will end and your Lifetime Income Period will begin. Additional amounts withdrawn from the Account Value to provide the Guaranteed Income Benefit may terminate your Access Period earlier than originally scheduled, and will reduce your Death Benefit. If your Account Value equals zero, no Death Benefit will be paid. See i4LIFE® Advantage Death Benefits. After the Access Period ends, we will continue to pay the Guaranteed Income Benefit for as long as the Annuitant (or the Secondary Life, if applicable) is living.i4LIFE® Advantage Guaranteed Income Benefit TransitionsCertain Living Benefit Riders (“Prior Rider”) allow you to transition to the applicable version of i4LIFE® Advantage Guaranteed Income Benefit.
If your Prior Rider is... |
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●Lincoln Market Select® Advantage |
Select Guaranteed Income Benefit | The following discussion applies to all of these transitions. If you have elected one of the Prior Riders listed above, you are guaranteed the right to transition to the applicable version of the Guaranteed Income Benefit even if that version is no longer available for purchase. You are also guaranteed that the Guaranteed Income Benefit percentage and Access Period requirements will be at least as favorable as those in effect at the time you purchased your Prior Rider. The Investment Requirements under your Prior Rider continue to apply after you transition to the Guaranteed Income Benefit. See Appendix B – Investment Requirements for a description of these investment requirements. The initial Guaranteed Income Benefit will be an amount equal to a specified percentage of the greater of your Account Value or Protected Income Base or Guaranteed Amount, as applicable, based on your age (or the younger life under a joint life option) at the time of the first Regular Income Payment.If the decision to elect i4LIFE® Advantage Guaranteed Income Benefit is made because it is your last day of eligibility to elect i4LIFE® Advantage Guaranteed Income Benefit, you may also use the current Protected Annual Income amount, if higher, to establish the initial Guaranteed Income Benefit. This decision must be made by the maximum age to elect i4LIFE® Advantage Guaranteed Income Benefit, which is age 95 for nonqualified contracts and age 80 for qualified contracts. If you have the single life option under your Prior Rider, you must transition to the single life option under i4LIFE® Advantage Guaranteed Income Benefit; joint life option must transition to the joint life option. The minimum Access Period requirements may are specifically listed in the chart below.While i4LIFE® Advantage Guaranteed Income Benefit is in effect, the Contractowner cannot change the payment mode elected or decrease the length of the Access Period.The minimum Access Period requirements are set forth below:
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Elections of i4LIFE® Advantage prior
to the 5th Benefit Year anniversary |
Elections of i4LIFE® Advantage on and
after the 5th Benefit Year anniversary |
●Lincoln Market Select® Advantage |
Longer of 20 years or the difference
between your age (nearest birthday) and
age 85 |
Longer of 20 years or the difference
between your age (nearest birthday) and
age 85 | A 4% AIR will be used to calculate Regular Income Payments for all transitions to i4LIFE® Advantage Select Guaranteed Income Benefit from Lincoln Market Select® Advantage riders. When deciding whether to transition from your Prior Rider to i4LIFE® Advantage Guaranteed Income Benefit, you should consider that depending on your age (and the age of your Secondary Life under the joint life option) and the selected length of the Access Period, i4LIFE® Advantage may provide a higher payout than the Protected Annual Income amounts from your Prior Rider. You should consider electing i4LIFE® Advantage when you are ready to immediately start receiving i4LIFE® Advantage payments, whereas with your Prior Rider, you may defer taking withdrawals until a later date. Payments from a nonqualified contract that a person receives under the i4LIFE® Advantage rider are treated as “amounts received as an annuity” under section 72 of the Internal Revenue Code because the payments occur after the annuity starting date. These payments are subject to an “exclusion ratio” as provided in section 72(b) of the Code, which means a portion of each Annuity Payout is treated as income (taxable at ordinary income rates), and the remainder is treated as a nontaxable return of Purchase Payments. In contrast, withdrawals under your Prior Rider are not treated as amounts received as an annuity because they occur prior to the annuity starting date. As a result, such withdrawals are treated first as a return of any existing gain in the Contract (which is the measure of the extent to which the Contract Value exceeds Purchase Payments), and then as a nontaxable return of Purchase Payments.
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| Calculation Method of Benefit [Text Block] |
The following is an example of how the Guaranteed Amount or the Protected Income Base from another Living Benefit Rider may be used to calculate the i4LIFE® Advantage Guaranteed Income Benefit. The example assumes that a 4.5% Guaranteed Income Benefit percentage is used to calculate the initial Guaranteed Income Benefit.
Account Value (equals Contract Value on date i4LIFE® Advantage
Guaranteed Income Benefit is elected) |
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Guaranteed Amount/Protected Income Base on date i4LIFE®
Advantage Guaranteed Income Benefit is elected: |
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Initial Regular Income Payment |
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Initial Guaranteed Income Benefit (4.5% x $140,000 Guaranteed
Amount/Protected Income Base which is greater than $100,000
Account Value) |
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| The following example illustrates how poor investment performance, which results in a Guaranteed Income Benefit payment, affects the i4LIFE® Account Value:
i4LIFE® Account Value before market decline |
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i4LIFE® Account Value after market decline |
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Monthly Guaranteed Income Benefit |
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Monthly Regular Income Payment after market decline |
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Account Value after market decline and Guaranteed Income Benefit
payment |
| The Contractowner receives an amount equal to the Guaranteed Income Benefit. The entire amount of the Guaranteed Income Benefit is deducted from the Account Value.Guaranteed Income Benefit Step-upsSelect Guaranteed Income Benefit. The Guaranteed Income Benefit will automatically step up every year to 65% of the current Regular Income Payment, if that result is greater than the immediately prior Guaranteed Income Benefit For nonqualified contracts, the step-up will occur annually on the first Valuation Date on or after each Periodic Income Commencement Date anniversary starting on the first Periodic Income Commencement Date anniversary. For qualified contracts, the step-up will occur annually on the first Valuation Date of the first periodic income payment of each calendar year. The following example illustrates how the initial Guaranteed Income Benefit is calculated for a Contractowner with a nonqualified contract, and how a step-up would increase the Guaranteed Income Benefit in a subsequent year. The example assumes 4% was used to calculate the Guaranteed Income Benefit, and that the Account Value has increased due to positive investment returns resulting in a higher recalculated Regular Income Payment. See Living Benefit Riders – i4LIFE® Advantage – Regular Income Payments during the Access Period for a discussion of recalculation of the Regular Income Payment.
8/1/2025 Amount of initial Regular Income Payment |
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8/1/2025 Account Value at election of Guaranteed Income Benefit |
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8/1/2025 Initial Guaranteed Income Benefit (4% x $100,000 Account Value) |
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8/1/2026 Recalculated Regular Income Payment |
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8/1/2026 Guaranteed Income Benefit after step-up (65% of $7,000) |
| The Guaranteed Income Benefit was increased to 65% of the recalculated Regular Income Payment.
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| NY American Legacy Signature 1 2025 | Standard Death Benefit [Member] |
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| Prospectus: |
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| Operation of Benefit [Text Block] |
Death BenefitsThe chart below provides a brief overview of how the Death Benefit proceeds will be distributed if death occurs prior to i4LIFE® Advantage elections or prior to the selection of an Annuity Payout option. Refer to your Contract for the specific provisions applicable upon death.
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Death Benefit proceeds pass to: |
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There is a surviving joint owner |
The Annuitant is living or deceased |
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There is no surviving joint owner |
The Annuitant is living or deceased |
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There is no surviving joint owner
and the Beneficiary predeceases the
Contractowner |
The Annuitant is living or deceased |
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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. |
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The Contractowner is living |
The contingent Annuitant is living |
Contingent Annuitant becomes the
Annuitant and the Contract
continues |
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The Contractowner is a trust or
other non-natural person** |
No contingent Annuitant allowed
with non-natural Contractowner |
| *Notification from the Contractowner to receive the Death Benefit proceeds must be received within 75 days of the death of the Annuitant.**Death of Annuitant is treated like death of the Contractowner.A Death Benefit may be payable if the Contractowner (or a joint owner) or Annuitant dies prior to the selection of an Annuity Payout option. You can choose the Death Benefit. Only one Death Benefit may be in effect at any one time and this Death Benefit terminates if you elect i4LIFE® Advantage or elect any other annuitization option. Generally, the more expensive the Death Benefit is, the greater the protection. While utilizing an Automatic Withdrawal Service to satisfy the requirements of the Annuity Commencement Date, the Death Benefit continues until otherwise terminated as noted in the discussion below.You should consider the following provisions carefully when designating the Beneficiary, Annuitant, any contingent Annuitant and any joint owner, as well as before changing any of these parties. The identity of these parties under the Contract may significantly affect the amount and timing of the Death Benefit or other amount paid upon a Contractowner's or Annuitant's death.You may designate a Beneficiary during your lifetime and change the Beneficiary by filing a written request with our Servicing Office. Each change of Beneficiary revokes any previous designation. We reserve the right to request that you send us the Contract for endorsement of a change of Beneficiary.Upon the death of the Contractowner, a Death Benefit will be paid to the Beneficiary. Upon the death of a joint owner, the Death Benefit will be paid to the surviving joint owner. If the Contractowner is a corporation or other non-individual (non-natural person), the death of the Annuitant will be treated as death of the Contractowner.If an Annuitant who is not the Contractowner or joint owner dies, then the contingent Annuitant, if named, becomes the Annuitant and no Death Benefit is payable on the death of the Annuitant. If no contingent Annuitant is named, the Contractowner (or younger of joint owners) becomes the Annuitant. Alternatively, a Death Benefit may be paid to the Contractowner (and joint owner, if applicable, in equal shares). Notification of the election of this Death Benefit must be received by us within 75 days of the death of the Annuitant. The Contract terminates when any Death Benefit is paid due to the death of the Annuitant.
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