Lincoln Covered Choice SM fixed indexed annuity

Lincoln Covered ChoiceSM fixed indexed annuity is a single premium deferred annuity that offers several features to help meet accumulation and income needs.

Key features include:

  • A Fixed Account offers a guaranteed interest rate for the first five or seven contract years. Subsequent interest rates are declared annually.
  • Two indexed accounts have potential to earn interest tied to the performance of an outside index. The indexed accounts are: One Year Performance Triggered; and One Year Point-to-Point (with cap).
  • Two living benefit riders, available at an additional cost, available only on Lincoln Covered ChoiceSM 7 contracts. On Lincoln Covered ChoiceSM 7 contracts, a living benefit rider must be elected at contract issue. 
  • A five-year or seven-year surrender charge schedule matching the duration of the initial interest rate guarantee period, subject to state availability.

If you have questions or for more information, please contact an advisor.

Lincoln Covered ChoiceSM fixed indexed annuities  (contract form ICC17-622 and state variations) is 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. Contractual obligations are subject to the claims-paying ability of The Lincoln National Life Insurance Company.

Not for use in New York.

All features may not be available in all states.

Taxes are due upon withdrawal, and if withdrawn before age 591/2, may be subject to an additional 10% federal tax penalty. Withdrawals and surrenders may be subject to surrender charges and a Market Value Adjustment. 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.

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

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 Lifetime IncomeSM Edge is an optional Guaranteed Lifetime Withdrawal Benefit (GLWB) rider (form AE-245 or state variations) available for an additional charge and subject to rider issue age limits, which may differ from the contract issue age limits. May not be available in all states. Not available in New York. Limitations and exclusions may apply.

Guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. Products and features are subject to state availability.

Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives and/or insurance agents do not provide tax, accounting or legal advice. 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.