● Terminated

Contract Value Death Benefit

Lincoln National Life Insurance Company

Edit

DTCC ID —

COMPANY Lincoln National Life Insurance Company

TYPE Variable Annuity

INCEPTION Jan 21, 2020

Identity

Benefit name

Contract Value Death Benefit

Internal benefit name

Contract Value Death Benefit

Company

Lincoln National Life Insurance Company

Product policy type

Variable Annuity

Status

● Terminated

Sequence

Inception date

Jan 21, 2020

Closed date

Feb 17, 2026

DTCC Rider ID

—

Last modified

Feb 17, 2026

Life & Age

Based on life

Owner (or Annuitant if owner is a non-natural person)

Single life

Joint life

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

Not Applicable.

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

Not Applicable.

Coverage Flags

Exclude premium bonus

Spousal continuation option

Yes

Spousal continuation detail

Surviving spouse may elect to continue benefit after death of owner.

State Availability

Exception flag

Available in states

—

Benefit Description

Only accessible during the accumulation phase, this policy guarantees that upon the owner's demise, the death benefit will match the contract's value. If the owner selects the i4LIFE Advantage rider, the Contract Value Death Benefit is only accessible alongside i4LIFE Advantage and is payable during the Access period exclusively. Consequently, regular income payments under i4LIFE Advantage might pause until the death claim gets approved. Once approved, a lump sum settlement will be disbursed as of the claim approval date, after which remaining regular income payments (if applicable) will recommence as usual. Furthermore, the Base contract expenses under the AVDB rider will rise by 0.40% due to i4LIFE Advantage rider charges, resulting in new contract charges of 1.3%, assessed on a daily basis.

Lifecycle Events

Cancellation

May not be cancelled.

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.