Beacon Data Entry
i4LIFE Advantage - Enhanced Guaranteed Minimum Death Benefit with Bonus Credit
⌘K
IA
● Terminated

i4LIFE Advantage - Enhanced Guaranteed Minimum Death Benefit with Bonus Credit

Lincoln National Life Insurance Company
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DTCC ID —
COMPANY Lincoln National Life Insurance Company
TYPE Variable Annuity
INCEPTION —
Identity
Benefit name
i4LIFE Advantage - Enhanced Guaranteed Minimum Death Benefit with Bonus Credit
Internal benefit name
i4LIFE Advantage - Enhanced Guaranteed Minimum Death Benefit with Bonus Credit
Company
Lincoln National Life Insurance Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
7
Inception date
—
Closed date
Jun 30, 2009
DTCC Rider ID
—
Last modified
Aug 05, 2010
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
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
Issuer will recalculate benefit base upon partial withdrawal.
Required min distributions
Contact Issuer for details.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Contact Issuer for details.
State Availability
Exception flag
No
Available in states
—
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.

Lifecycle Events
Cancellation
May be cancelled any time after election.
Termination
May be terminated any time after election. Benefit will automatically terminate upon termination of i4LIFE Advantage or Access Period.
Available when added
No longer available for new purchases.
Effect change ownership
Issuer will recalculate benefit amount as i4LIFE Advantage - Account Value Death Benefit, upon change in ownership.