CUSIP Number:
53404B882
CUSIP Name:
10 and 9 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
01 Jun 2015
Close Date:
CUSIP Note:
Scrap Book:
The Lincoln OptiBlend 10 is a flexible premium deferred indexed annuity with a market value adjustment. The minimum initial premium is $10,000. Additional premium payments can be made for $50 or more, but the company reserves the right to limit additional premiums to $25,000 in any policy year. 10% of the accumulated value may be withdrawn each policy year without a surrender charge or MVA. Systematic Withdrawal is an option. There are 10 years of surrender charges (9 years in CA) which are waived in the event of annuitization after the 5th policy year (in FL, after the first policy year), death, entrance into a nursing home, special nursing unit of a hospital beginning after the first policy anniversary or diagnosis of a terminal illness after the first policy anniversary (subject to terms and conditions of the rider). Withdrawals may be subject to Federal/State income tax, and if taken prior to age 59 1/2, a 10% Federal Penalty tax. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not securities or bank products protected by the FDIC.
Last Modified:
16 Dec 2025 10:14