Maximum tax-efficient lifetime income potential with i4LIFE® Advantage Select GIB
i4LIFE® Advantage Select Guaranteed Income Benefit (GIB), a patented living benefit rider available only with Lincoln variable annuities, gives investors:
Maximum lifetime income potential
- More after-tax income when investing nonqualified money
- Opportunity for increasing income payments every year when the account value grows greater than 3%
- Continued access to your account value with control of your investments1
- Protection for beneficiaries with a dollar-for-dollar Guarantee of Principal death benefit
- Build up to a 80/20 equity/fixed income portfolio
- Choose from 45 individual funds or 12 check the box options from leading asset managers
- Active and passive options are available
If it can be tax efficient, it should be
If you’ve invested after-tax money you can save a portion of your income from taxes to help make the most of your money. Each payment returns a portion of the original investment (or cost basis) with a portion of the gains, reducing the overall tax burden.
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’s subject to investment risk and possible loss of principal; and there are costs associated, such as mortality and expenses, administrative and advisory fees.
i4LIFE® Advantage Select GIB is available for an additional charge of 1.35% above standard contract expenses, or 1.55% for joint coverage (maximum GIB charge of 2.25% for single, or 2.45% for joint). Investment requirements apply. i4LIFE® can be elected with a minimum Access Period for the greater of 20 years or to age 90. The Assumed Investment Return (AIR) is 3%.
1 For a defined period of time based on the Access Period chosen.
4 For systematic withdrawals, if there are no gains all withdrawals are considered principal and are not taxed. For i4LIFE, if the contract experiences no gains or is down, a portion of your payment is treated as a taxable gain and a portion is treated as principal. Once the principal has been paid out, each payment is fully taxable.
Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives, and/or insurance agents do not provide tax, accounting, or legal advice. Please consult an 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.