LINCOLN CHOICEPLUS ROLLOVERSM VARIABLE ANNUITY
Lincoln ChoicePlus RolloverSM variable annuity is a rollover option available exclusively to individuals who currently participate in employer-sponsored retirement plans with Lincoln. This option is designed for participants who are nearing retirement and/or transitioning from a former employer's plan.
If you currently participate in an employer-sponsored retirement plan with Lincoln and you're interested in this rollover option, read more, speak with a financial professional, and consider whether it may be right for you. If you do not currently participate in an employer-sponsored retirement plan with Lincoln or are not ready to roll over your retirement plan assets, you may instead wish to consider Lincoln ChoicePlus AssuranceSM B-share variable annuity, which offers similar available features, benefits, and options.
Options for growth potential: Variable annuities can potentially help you to outpace inflation and meet your financial goals by providing a variety of investment options with which to create a customized portfolio. A Lincoln ChoicePlus RolloverSM variable annuity gives you access to the Lincoln Elite Series of Funds - a selection of professionally managed investment options, with choices from a range of asset classes and styles, from some of the nation's top investment managers.
Continued tax deferral: Lincoln ChoicePlus RolloverSM variable annuity allows you to maintain the tax deferral you currently have in your retirement plan. You do not have any tax consequences until you take money from your contract, which offers greater growth potential. The longer your money stays invested, the longer it remains tax-deferred, which can help maximize its growth potential. All withdrawals are subject to ordinary income taxes and if taken before age 59 1/2, may be subject to a 10% IRS penalty.
Reduced fees: When you roll over assets from your Lincoln retirement plan, we offer reduced mortality and expense fees, giving you one more way to maximize your investment growth potential. Additionally, there are no surrender charges for rollover money.1
Income: A Lincoln ChoicePlus RolloverSM variable annuity offers you many choices when you are ready to retire and begin taking income, including options that provide income for the rest of your life.
Asset protection: A Lincoln ChoicePlus RolloverSM variable annuity also offers optional protection, for an additional cost, against market volatility for both you and your beneficiaries. This allows you to take advantage of any potential gains from your investment options while receiving downside protection from market downturns. For more information about these features, see the "optional features" box.
Control and flexibility: With a Lincoln ChoicePlus RolloverSM variable annuity, you have the ability to meet your unique needs by aligning your contract with the investment options, withdrawals/income, optional benefits and level of risk that you want to assume.
Death Benefit: You can select the level of protection for your beneficiaries. Multiple death benefit options are available.
Considerations: Variable annuities are long-term contracts designed for retirement purposes. Costs for a variable annuity contract include the mortality and expense risk charge, annual contract and administrative fees and charges for the underlying funding options. A surrender charge may also apply. Election of optional features may be at an additional cost. These additional charges and expenses should be considered carefully before purchasing. The value of the annuity will fluctuate and when withdrawn, it may be worth more or less than the original premiums paid.
1New money added to the contract (not rolled over from the Lincoln retirement plan) will be subject to the following surrender charge schedule: 7%, 7%, 6%, 6%, 5%, 4%, 3% (7 years).
There is no additional tax-deferral benefit for assets rolled over from your retirement plan. Therefore, you should only purchase an annuity if you value some of the other features of the annuity and are willing to incur any additional costs associated with the annuity to receive such benefits.
This material was prepared to support the promotion and marketing of a variable annuity product. Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives and/or insurance agents do not 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. You should consult your own independent advisor as to any tax, accounting or legal statements made herein.
Lincoln ChoicePlus RolloverSMvariable annuity (contract form 30070-B and state variations) is issued by The Lincoln National Life Insurance Company (Lincoln), Fort Wayne, IN, and distributed by Lincoln Financial Distributors, Inc., a broker/dealer. 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.
Products and features are subject to state availability. Limitations and exclusions may apply.
This product is not available in Florida, Nevada, or New York.
Investors are advised to consider the investment objectives, risks, charges and expenses of a variable annuity and its underlying investment options carefully before investing. The applicable variable annuity prospectus contains this and other important information about the variable annuity and its underlying investment options. A prospectus is available on LincolnFinancial.com or you may request one from your registered representative. Read it carefully before investing or sending money.