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Variable Annuity
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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
Select
Dollar for Dollar
Proportionally
DTCC Rider ID
Notes
Version Note
Benefit Description
If elected individually, will be available in accumulation phase only, if elected in combination with i4LIFE Advantage, will be available in Access Period only. 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. Upon Death of owner, if death benefit elected in combination with i4LIFE Advantage, Regular Income Payments under the i4LIFE Advantage may be suspended until the death claim is approved. Upon approval, a lump sum payment for suspended payments will be made on the date and remaining will be continued as Regular Income Payments. If lump sum option is elected, proceeds will be mailed within 7 days of approval of death claim.
Other Info
Cancellation
May be cancelled any time after election.
Termination
The current Basic Benefit will automatically terminate upon election of i4LIFE Advantage, and thereafter the benefit will be available in conjunction with i4LIFE.
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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