Lincoln IRA Income Plus SM
6% Growth, plus two options to start retirement with higher income
Lincoln IRA Income PlusSM is an optional living benefit rider available only with Lincoln variable annuities. It’s designed to help maximize income on qualified money—that’s the money you’ve saved in tax-deferred retirement accounts.
Lincoln IRA Income PlusSM is for investors ready to move from saving to spending because it features:
- Guaranteed growth for future income – Income Base increases annually by the greater of 6% simple or account value growth
- Choose from Managed Risk Asset Allocation Funds and allocate 40% - 80% equity
- Two options for income starting at age 70 or later (single life only)
- 7% income (4% if AV falls to zero) or 6.25% income (5% of AV falls to zero)
- Protection for loved ones: Dollar-for-dollar GOP death benefit1 – beneficiaries receive the initial investment, adjusted for withdrawals even if the account value falls to zero
1Dollar-for-dollar reduction for allowable withdrawals (GAI). Otherwise it is a pro-rata reduction.
Lincoln IRA Income PlusSM is available for an additional charge of 1.35% single life; not available for joint life. Investment requirements apply.
A variable annuity is a long-term investment product that offers tax-deferred growth, access to leading investment managers and a lifetime income stream. 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. All guarantees, including those for optional features, are subject to the claims-paying ability of the issuer. Limitations and conditions apply.
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 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.