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LINCOLN OPTICHOICESM FIXED INDEXED ANNUITY



Account Access

With Lincoln OptiChoiceSM, you have access to your money at any time. However, depending on how long the money has been in the contract, you may have to pay a penalty, called a "surrender charge," for taking it out. A market value adjustment may also apply. In addition, federal income taxes are due when withdrawals are made, and if you are under age 59 1/2, you may have to pay a 10% premature distribution penalty.

Free Partial Surrenders: 10% of your contract value is available to you each contract year during the surrender charge period, without incurring charges. This is referred to as the 10% annual free withdrawal (income taxes will apply).

Note: If the Guaranteed Lifetime Withdrawal Benefit Rider has been elected, withdrawals under the rider will count towards the 10% amount. Withdrawals above the annual amount allowed by the rider will significantly reduce future income payments under the rider. Carefully consider this before making any withdrawals if you have purchased the rider.  This rider is not available in New York.

Surrender Charge Schedule: During the surrender charge period, withdrawals above the 10% annual free withdrawal amount are subject to a Market Value Adjustment (MVA) - which is an adjustment, positive or negative, applied to the contract's Accumulation Value - and a surrender charge, which depends on the product selected and contract year. The surrender charge schedule may vary by state, and all product versions may not be available in every state. Talk to your financial representative for more information.

Lincoln OptiChoiceSM 5 Fixed Indexed Annuity:

Contract Year Surrender Charge
Year 1 9%
Year 2 8%
Year 3 7%
Year 4 6%
Year 5 5%
Years 6 + 0%

Lincoln OptiChoiceSM 7 Fixed Indexed Annuity:

Contract Year Surrender Charge
Year 1 9%
Year 2 8%
Year 3 7%
Year 4 6%
Year 5 5%
Year 6 4%
Year 7 3%
Years 8 + 0%

Lincoln OptiChoiceSM 9 Fixed Indexed Annuity:

Contract Year Surrender Charge
Year 1 9%
Year 2 8%
Year 3 7%
Year 4 6%
Year 5 5%
Year 6 4%
Year 7 3%
Year 8 2%
Year 9 1%
Years 10 + 0%

Planning ahead with withdrawals: The Guaranteed Lifetime Withdrawal Benefit Rider helps you plan for your retirement income needs. This optional rider, available at an additional cost, provides the opportunity for a guaranteed payment amount available for the rest of your life. The guaranteed withdrawal amount is based on a payment percentage which is determined by your age at the first withdrawal. The payment percentage is higher for older ages. This rider is not available in New York.

      Planning ahead also has its rewards:  A bonus rate will be added to your payment percentage if the Guaranteed Lifetime Withdrawal Benefit Rider has been in effect for at least five years before taking any withdrawals. If the Rider has been in effect for at least ten years prior to taking any withdrawal, there is a higher bonus rate. Planning ahead pays off.

Talk to your representative for more information.

Access to Money Due to a Health Concern: Lincoln OptiChoiceSM offers nursing home and terminal illness benefits (provided through riders). These benefits offer access to your money without charges after the first contract year, if a contractowner meets one of the following conditions (see your financial representative for full details about the terms and conditions; not available in all states):

  • First diagnosed with a terminal illness after the contract issue date; or
  • Confined to a nursing home or hospital for at least 30 consecutive days, beginning after the first contract anniversary.

Important Disclosures. Please Read.

All features may not be available in all states.

Taxes are due upon withdrawal, and if withdrawn before age 59 1/2, may be subject to a 10% IRS penalty. There is no additional tax deferral benefit for contracts purchased in an IRA or other tax-qualified plan, since these are already afforded tax-deferred status. Therefore, an annuity should only be purchased in an IRA or qualified plan if the client values some of the other features of the annuity.

Lincoln OptiChoiceSM flexible premium deferred annuity (contract form 05-606, or state variation) is a fixed indexed annuity issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, and distributed by Lincoln Financial Distributors, Inc., a broker-dealer, and may not be available in all states (may be referred to as "equity indexed annuity" in certain states). The Lincoln National Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so. Contractual obligations are backed by the claims-paying ability of The Lincoln National Life Insurance Company. The contract may be subject to a Market Value Adjustment.

Lincoln OptiChoiceSM NY flexible premium deferred annuity (contract form 05-606LNY1) is a fixed indexed annuity issued by Lincoln Life & Annuity Company of New York, Syracuse, NY, and distributed by Lincoln Financial Distributors, Inc., a broker/dealer, and is only available in New York. Contractual obligations are backed by the claims-paying ability of Lincoln Life & Annuity Company of New York.

Waiver of surrender charges for Nursing Home Confinement Rider and Waiver of Surrender Charges for Terminal Illness Rider (form AE-119 and form AE-170, respectively, or state variation) may not be available in all states. The Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider (Form AE-217 or Form AE-245 and state variations) may not be available with all Lincoln fixed indexed annuities. Subject to rider issue age limits, which may differ from the issue age limits of the fixed indexed annuity product. May not be available in all states. Limitations and exclusions may apply.

The exact terms of the annuity are contained in the contracts and any attached riders, which will control The Lincoln National Life Insurance Company's contractual obligations. For complete information about the annuity, please also read the Disclosure Statement and Facts-At-A-Glance, or contact your Lincoln National Life Insurance Company representative.

This material was prepared to support the promotion and marketing of an insurance product. Neither the insurance company, its distributors, nor their respective employees and representatives provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. federal, state, or local tax penalties. Clients should consult their own independent advisor as to any tax, accounting, or legal statements made herein.

Not a deposit.

May go down in value.

Not FDIC-insured - Not insured by any federal agency.

Not guaranteed by any bank or savings association.

LCN-759210-110413

Hello future.
Lincoln Financial Group is the marketing name for Lincoln National Corporation and insurance
company affiliates, including The Lincoln National Life Insurance Company, Fort Wayne, IN,
and in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY. Variable products
distributed by broker/dealer-affiliate Lincoln Financial Distributors, Inc., Radnor, PA. Securities
and investment advisory services offered through other affiliates. Explore Lincoln.



LCN-2008251fia