GO
● Active
Guarantee of Principal Death Benefit
Lincoln National Life Insurance Company
DTCC ID
—
COMPANY
Lincoln National Life Insurance Company
TYPE
RILA
INCEPTION
Nov 26, 2019
Identity
Benefit name
Guarantee of Principal Death Benefit
Internal benefit name
Guarantee of Principal Death Benefit
Product policy type
RILA
Status
● Active
Sequence
2
Inception date
Nov 26, 2019
Closed date
—
DTCC Rider ID
—
Last modified
May 06, 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
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
—
Partial withdrawals
Withdrawal reduces the purchase payments on proportionate basis.
Required min distributions
RMD reduces the purchase payments on dollar-for-dollar basis.
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 during accumulation phase. Upon death of owner or annuitant, benefit will be greater of - 1) contract value, or 2) total purchase payments adjusted for withdrawals. Upon Death of owner, if death benefit elected in combination with i4LIFE Indexed Advantage, Death Benefit will be equal to the greater of the 1) Account Value as of the Valuation Date; or 2) the sum of all purchase payments, reduced by Periodic Income Payments under the i4LIFE Indexed Advantage rider, RMDs and all other withdrawals. Periodic Income Payment reduces the purchase payments on dollar-for-dollar basis.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
The benefit will automatically terminate upon 1) annuitization; 2) death; 3) change in ownership; or 4) Lifetime Income Period begins under i4LIFE Indexed Advantage rider.
Available when added
Only at contract issue, regardless of when i4LIFE Indexed Advantage is elected.
Effect change ownership
Change in all contract owners or annuitant may terminate the rider.