IA
● Terminated
i4LIFE Advantage - Account Value 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
i4LIFE Advantage - Account Value Death Benefit
Internal benefit name
i4LIFE Advantage - Account Value Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
—
Closed date
Jan 09, 2017
DTCC Rider ID
—
Last modified
Sep 28, 2020
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
—
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
Benefit is only available in conjunction with i4LIFE Advantage. Available during Access Period. Upon death of owner, benefit will be equal to account value. For NQ contracts, owner & annuitant must be under age 91. If your Contract Value had reached the $1 million threshold immediately prior to the beginning of the Lifetime Income Period under i4LIFE® Advantage, this charge will be reduced by 0.15%.
Lifecycle Events
Cancellation
Benefit may automatically terminate under certain conditions.
Termination
Benefit will automatically terminate upon termination of i4LIFE Advantage or Access Period.
Available when added
No longer available for new purchases.
Effect change ownership
Change in ownership will not change benefit base.