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LINCOLN OPTICHOICESM NY FIXED INDEXED ANNUITY



indexed account (New York contracts)

(Click on the "Indexed Accounts" link for Indexed Account information for contracts issued in states other than New York.)

Lincoln OptiChoiceSM NY fixed indexed annuity offers one indexed account along with the Fixed Account.  Each year, on your contract anniversary, you can choose to reallocate to or move money out of, any eligible account.

The indexed account offers the ability to earn interest based on the performance of the S&P 500 Index®. However, Lincoln OptiChoiceSM NY is a fixed annuity and does not participate in any equity investing. It simply uses the value of the S&P 500 Index on specific beginning and end dates in order to determine interest payments, if any. Unlike equity investments, negative performance will not impact your account value; if the change in value is negative, your account will be credited with a minimum interest rate of between 1% and 3%.

The following is a brief description of the Performance Triggered Account. For more detailed information, please contact your financial representative.

1-Year Performance Triggered Indexed Account:

Indexed interest earnings consist of two different components:  Base indexed interest and the indexed credit percentage.

  • Base indexed interest is credited and compounded daily to the Performance Triggered Indexed Account.  The base indexed interest is a minimum amount of interest of between 1% and 3%.
  • The indexed credit percentage is determined by comparing the S&P 500 Index values at the beginning of the 1-year term to the end of that term. If the ending S&P 500 Index value is equal to or greater than the beginning S&P 500 Index value, the account will earn interest at the specified rate set at the beginning of the term.
    • The specified rate is declared annually, and will never be less than 0%.
    • Overall negative performance will not impact the account value; if the ending S&P 500 Index value is less than the beginning S&P 500 Index value, the indexed credit percentage is 0%.
    • The indexed credit percentage (if any) will be credited at the end of the 1-year indexed term. Withdrawals made before the end of a term will not receive any interest for that term.

Important Disclosures. Please Read.

Taxes are due upon withdrawal, and if withdrawn before age 59 1/2, may be subject to a 10% IRS penalty.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 OptiChoiceSMflexible 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, andapay 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. The contract may be referred to as a "certificate" in certain states. The certificate is a group annuity certificate issued under a group annuity contract issued by The Lincoln National Life Insurance Company to a group annuity trust. 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.

Lincoln OptiChoiceSMNY 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.

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.

"Standard & Poor's®" and "S&P 500®" are trademarks of Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. and have been licensed for use by The Lincoln National Life Insurance Company. Lincoln's products are not sponsored, endorsed, sold or promoted by Standard & Poor's, and Standard & Poor's makes no representation regarding the advisability of purchasing this product. The S&P 500 Index is a price index aly does not reflect dividends paid on the underlying stocks.

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.

LCN201105-2055097-b

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.



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