SD
● Terminated
Standard 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
Standard Death Benefit
Internal benefit name
Standard Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
1
Inception date
—
Closed date
Sep 01, 2014
DTCC Rider ID
—
Last modified
Sep 09, 2022
Life & Age
Based on life
Annuitant
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Mandatory
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
—
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
No
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of annuitant, benefit will be greater of - 1) Net contributions, or 2) Participant's account balance less any outstanding loan (including principal due and accrued interest).
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
Only at contract issue.