Beacon Data Entry

CUSIP Basic Info

CUSIP Number *

CUSIP Name *

Inception Date *

Close Date

CUSIP Note

Scrap Book

The Lincoln Covered Choice 7 is a single premium deferred indexed annuity with a market value adjustment. The minimum single premium is $10,000 for qualified and non-qualified money.  10% of the accumulated value may be withdrawn each policy year without a surrender charge or MVA.  Systematic Withdrawal is an option. There are seven years of surrender charges which vary by state and are waived in the event of annuitization after the 2nd policy year (in FL, after the first policy year), death, entrance into a nursing home or special nursing unit of a hospital beginning after the first policy anniversary (subject to the terms and conditions of the rider), 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.

Contribution / Waiver / Withdrawal

Contributions

Contribution #2578

Waivers

Waiver #8625

Waiver #8626

Waiver #8627

Waiver #8628

Withdrawals

Transaction Transfers

No Transactions available for this product.

Systematic Transfers

No Systematic Transfers available for this product.

Bonuses

No Bonuses available for this product.

Charge Initial Sales

No Charge Initial Sales available for this product.

M&E Charges

No M&E Charges available for this product.

Surrender Charges

Surrender #4131

Higher Standard Index Annuity 6

CUSIP Basic Info

Contribution / Waiver / Withdrawal