Lincoln OptiChoice SM fixed indexed annuity

Lincoln OptiChoiceSM fixed indexed annuity is a flexible premium annuity that offers several features to help meet accumulation and income needs.

Key features include:

  • A Fixed Account offers a set interest rate for one year. Subsequent interest rates are declared annually.
  • Three indexed accounts have the potential to earn interest tied to the performance of an outside index; in New York, there’s one indexed account. The indexed accounts include: One Year Performance Triggered; One Year Monthly Average (not available in New York) and One Year Monthly Cap (not available in New York).
  • An optional rider, available at an additional cost, with a guaranteed withdrawal amount for life (not available in New York)
  • A five-year, seven-year or nine-year surrender charge schedule, subject to state availability

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

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.  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.

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 is only available in New York. Contractual obligations are backed by the claims-paying ability of Lincoln Life & Annuity Company of 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Taxes are due upon withdrawal, and if withdrawn before age 591/2, may be subject to an additional 10% federal tax penalty.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.