LINCOLN LIFETIME INCOMESM ADVANTAGE 2.0
Lincoln Lifetime Income Advantage 2.0, an optional living benefit rider available for an additional charge,* provides a comprehensive strategy to help you protect your assets from market volatility and other challenges.
Lincoln Lifetime Income Advantage 2.0 provides
- Guaranteed lifetime income through 5% withdrawals starting at age 65 (4.5% for joint life)†
- Guaranteed growth of income through 5% compounded step-ups or market step-ups†
- Protection for you and your family through a nursing home benefit and guaranteed death benefit‡
The Lincoln Lifetime Income Advantage guaranteed Income Base feature locks in the greater of 5% annual compounded step-ups or annual market performance. All guarantees, including those for optional features, are subject to the claims-paying ability of the issuing company. Limitations and conditions apply.
You can transition from Lincoln Lifetime Income Advantage 2.0 to i4LIFE® Advantage Guaranteed Income Benefit for an additional income option.
Variable annuities are long-term investment products that offer a lifetime income stream, access to leading investment managers, options for guaranteed growth and income (available for an additional charge), and death benefit protection.
To decide if a variable annuity is right for you, consider that its value will fluctuate; it is subject to investment risk and possible loss of principal; and there are costs associated such as mortality and expenses, administrative and advisory fees.
Lincoln Lifetime IncomeSM Advantage (Managed Risk) is the currently available version of this rider. All other versions are no longer available for sale.
*Lincoln Lifetime Income Advantage 2.0 is available for an additional annual charge of 1.05%, or 1.25% for joint coverage, above standard contract expenses (maximum annual charge of 2.00%). As your Income Base increases, your cost will increase proportionately.
†The Income Base is used to calculate the guaranteed withdrawals or Guaranteed Income Benefit (GIB) if you elect i4LIFE Advantage. It is not available as a lump sum withdrawal or a death benefit. Withdrawals in excess of the allowable amount will adversely impact lifetime income. Investment restrictions apply. You will be limited in your availability to invest within subaccounts in the contract. See prospectus for details.
‡You must be age 70, cannot be in a nursing home the year prior to election or for five years after, and must have a minimum 90-day consecutive stay.
THE LINCOLN MANAGED RISK STRATEGIES ARE NOT GUARANTEED OR INSURED BY LINCOLN OR ANY OTHER INSURANCE COMPANY OR ENTITY, AND SHAREHOLDERS MAY EXPERIENCE LOSSES. THE STRATEGIES USED ARE SEPARATE AND DISTINCT FROM ANY ANNUITY OR INSURANCE CONTRACT RIDER OR FEATURES.
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. Please consult your own independent advisor as to any tax, accounting, or legal statements made herein.
Variable annuities are long-term investment products designed for retirement purposes and are subject to market fluctuation, investment risk, and possible loss of principal. Variable annuities contain both investment and insurance components and have fees and charges, including mortality and expense, administrative, and advisory fees. Optional features are available for an additional charge. The annuity's value fluctuates with the market value of the underlying investment options, and all assets accumulate tax-deferred. Withdrawals of earnings are taxable as ordinary income and, if taken prior to age 59½, may be subject to an additional 10% federal tax. Withdrawals will reduce the death benefit and cash surrender value.
Investors are advised to consider the investment objectives, risks, and charges and expenses of the 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. Please call 888-868-2583 for a free prospectus. Read it carefully before investing or sending money. Products and features are subject to state availability.
Lincoln variable annuities and American Legacy® variable annuities are issued by The Lincoln National Life Insurance Company, 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.
Contracts sold in New York are issued by Lincoln Life & Annuity Company of New York, Syracuse, NY, and distributed by Lincoln Financial Distributors, Inc., a broker-dealer.
All contract and rider guarantees, including those for optional benefits, fixed subaccount crediting rates, or annuity payout rates, are subject to the claims-paying ability of the issuing insurance company. They are not backed by the broker-dealer or insurance agency from which this annuity is purchased, or any affiliates of those entities other than the issuing company affiliates, and none makes any representations or guarantees regarding the claims-paying ability of the issuer.
There is no additional tax-deferral benefit for an annuity contract purchased in an IRA or other tax-qualified plan.