CUSIP Number:
53407L374
CUSIP Name:
10 and 9 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
21 May 2018
Close Date:
CUSIP Note:
Scrap Book:
The Lincoln Impact Advantage 10 is a fixed indexed annuity with a market value adjustment. The minimum initial premium is $10,000 for nonqualified and qualified. 10% of the accumulated value may be withdrawn each policy year without a surrender charge or MVA. There are ten years of surrender charges which vary by state and are waived in the event of annuitization after the 5th policy year ((state variations apply), death, entrance into a nursing home or special nursing unit of a hospital beginning after the first policy anniversary (subject to terms and conditions of the rider). i4Life Indexed Advantage is an optional annuity payout option 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 the claims-paying ability of the 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:
22 Sep 2023 06:54