CV
● Terminated
Contract Value Death Benefit
Lincoln Life & Annuity Company of New York
DTCC ID
—
COMPANY
Lincoln Life & Annuity Company of New York
TYPE
Variable Annuity
INCEPTION
Jan 21, 2020
Identity
Benefit name
Contract Value Death Benefit
Internal benefit name
Contract Value Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
1
Inception date
Jan 21, 2020
Closed date
Dec 18, 2023
DTCC Rider ID
—
Last modified
Dec 24, 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
Mandatory
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Contact issuer for details.
Partial withdrawals
Contact issuer for details.
Required min distributions
Contact issuer for details.
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 in accumulation phase only. Upon death of owner, death benefit value will be equal to contract value. If i4LIFE Advantage is elected, Account Value Death Benefit will be available only in Access Period and in conjunction with i4LIFE Advantage only. 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.
Lifecycle Events
Cancellation
Benefit may automatically terminate under certain conditions.
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.