CUSIP Number:
53404C195
CUSIP Name:
7 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
Close Date:
CUSIP Note:
7 Year Annuity
Scrap Book:
The Lincoln FlexAdvantage Income 7 Access is a single with additional premium deferred indexed annuity with a market value adjustment. The minimum single premium is $75,000 for qualified and non-qualified money. 10% of the accumulated value may be withdrawn each policy year without a surrender charge or MVA. There is seven years of surrender charges which vary by state and are waived in the event of death, entrance into a nursing home or diagnosis of a terminal illness. Additional rider includes Guaranteed Lifetime Withdrawal rider and an optional death benefit. 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:
30 Apr 2026 09:36