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Variable Annuity
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Nirmala
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Lincoln National Life Insurance Company
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Death Benefits
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Account Value Death Benefit
Edit Death Benefit
Death Benefit
Benefit Name
Internal Benefit Name
Inception Date
Closed Date
Rider Select Rule
Default
Mandatory
Optional
Based On Life
Annuitant
Owner
Owner (or Annuitant if owner is a natural entity)
Owner (or Annuitant if owner is a non-natural person)
Owner and Annuitant
Min Age
Max Age
Waiting Period
Waiting Term
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Age
Contract year
Days
Months
Years
Version Begin Date
Maximum Benefit Base
Maximum Benefit Base %
With Reduce Benefit Base
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Dollar for Dollar
Proportionally
DTCC Rider ID
Notes
Version Note
Benefit Description
Only accessible during the accumulation phase, this policy guarantees that upon the owner's demise, the death benefit will match the contract's value. Opting for the Account Value DB reduces the Base Contract Expense to 1.65%. If the owner selects the i4LIFE Advantage rider, the Account Value Death Benefit is only accessible alongside i4LIFE Advantage and is payable during the Access period exclusively. Consequently, regular income payments under i4LIFE Advantage might pause until the death claim gets approved. Once approved, a lump sum settlement will be disbursed as of the claim approval date, after which remaining regular income payments (if applicable) will recommence as usual. Furthermore, the Base contract expenses under the AVDB rider will rise by 0.40% due to i4LIFE Advantage rider charges, resulting in new contract charges of 2.05%, assessed on a daily basis.
Other Info
Cancellation
Benefit may automatically terminate under certain conditions.
Termination
Benefit will automatically terminates upon earlier of 1)annuitization; or 2) contract termination. If selected with i4LIFE Advantage, rider terminates upon the earliest of 1)annuitization; 2)contract termination; or 3)termination of i4LIFE Advantage rider.
Available When Added
No longer available for new purchases.
Effect Change Ownership
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
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