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Variable Annuity
Death benefits
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Lincoln Life & Annuity Company of New York
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Death Benefits
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Guarantee of Principal 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
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Dollar for Dollar
Proportionally
DTCC Rider ID
Notes
Version Note
Benefit Description
The Guarantee of Principal Death Benefit is the default Death Benefit and is included as part of the base contract Upon death of owner or annuitant, benefit will be greater of - 1) contract value, or 2) total purchase payments adjusted for withdrawals. The benefit is available as default death benefit upon election no other death benefit at issue. The Guarantee of Principal Death Benefit will automatically terminate at any time all Contract owners or Annuitants are changed. If this happens, the Contract Value Death Benefit will be in effect, and the Product Charge of 0.55% for the Contract Value Death Benefit will apply. If Contract Value equals zero, no Death Benefit will be paid.
Other Info
Cancellation
May not be cancelled once elected.
Termination
will automatically terminate if all Contract owners and Annuitants are changed.
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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