EG
● Terminated
Enhanced Guaranteed Minimum Death Benefit
Lincoln Life & Annuity Company of New York
DTCC ID
—
COMPANY
Lincoln Life & Annuity Company of New York
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Enhanced Guaranteed Minimum Death Benefit
Internal benefit name
Enhanced Guaranteed Minimum Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
3
Inception date
—
Closed date
—
DTCC Rider ID
—
Last modified
Jun 10, 2025
Life & Age
Based on life
Owner (or Annuitant if owner is a non-natural person)
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Regular income payment reduces death benefit amount on dollar-for-dollar basis, whereas other withdrawals reduces death benefit proportionally to the contract value.
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase only. Upon death of owner or annuitant, benefit will be greatest of - 1) contract value, 2) purchase payments adjusted for 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.
Lifecycle Events
Cancellation
May be cancelled any time after election.
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
Change of owner, may result in termination of the rider.