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Nirmala
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Lincoln Life & Annuity Company of New York
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Death Benefits
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i4LIFE Advantage - Enhanced Guaranteed Minimum 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
Select
Age
Contract year
Days
Months
Years
Version Begin Date
Maximum Benefit Base
Maximum Benefit Base %
With Reduce Benefit Base
Select
Dollar for Dollar
Proportionally
DTCC Rider ID
Notes
Version Note
Benefit Description
Benefit is only available in conjunction with i4LIFE Advantage. Available during Access Period. Upon death of owner, benefit will be greatest of - 1) contract value, 2) purchase payments adjusted for regular income payments and withdrawals, or 3) highest contract value calculated at any contract anniversary, prior to earlier of - 1) 81st birthday, or 2) death, increased by purchase payments made and reduced for withdrawals. Regular income payments, including withdrawals to provide Guaranteed Income Benefits, reduce death benefit by dollar amount and withdrawals reduce death benefit in same proportion. Withdrawals will reduce highest contract value in same proportion. After Access Period ends, charge will be same as i4LIFE Advantage - Account Value death benefit.
Other Info
Cancellation
May be cancelled any time after election.
Termination
May be terminated any time after election.
Available When Added
No longer available for new purchases.
Effect Change Ownership
Issuer will recalculate benefit amount upon change in ownership.
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
Exception
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