American Legacy Design 2 (NY)
Status:
Terminated
Group:
Lincoln
Product Type:
Variable Annuity
Product Status:
Approved
Version:
0
Inception Date:
August 21, 2006
Closed Date:
May 23, 2022
Last Modified:
December 23, 2025 12:20
Description:
Age when taking Required Minimum Distributions (âRMDsâ) from tax-qualified contracts, including Individual Retirement Accounts (âIRAsâ), has increased from 70½ to 72.
Fee Based:
No
Free Look:
Yes
Plan Types:
Non-Qualified, IRA, SEP IRA, Roth IRA
Premium Types:
Flexible
States Available:
NY
States Exception:
Version Note:
Changes in underlying fund options - New Addition.; Rate Sheet Supplement for optional riders - changes in ABP percentages.
Scrap Book:
Product closed as per the email of Stephanie "ANNOUNCEMENT: Lincoln Variable Annuity Share Class Closures (Monday, May 9, 2022 9:39 AM)"
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Account Value Death Benefit | Account Value Death Benefit | 1 | |
| Guarantee of Principal Death Benefit | Guarantee of Principal Death Benefit | 2 | |
| Enhanced Guaranteed Minimum Death Benefit | Enhanced Guaranteed Minimum Death Benefit | 3 |
Riders
| Name | Rider type | Internal name | Sequence | Inception date |
|---|---|---|---|---|
| 4LATER Advantage | GMIB | 4LATER Advantage | ||
| 4LATER Advantage Managed Risk | GMIB | 4LATER Advantage Managed Risk | 12 May 2014 | |
| 4LATER Advantage Protected Funds | GMIB | 4LATER Advantage Protected Funds | 02 Jul 2012 | |
| 4LATER Guaranteed Income Benefit | GMIB | 4LATER Guaranteed Income Benefit | ||
| 4LATER Select Advantage | GMIB | 4LATER Select Advantage | 09 Jan 2017 | |
| Lincoln Lifetime Income Advantage | GLWB | Lincoln Lifetime Income Advantage | ||
| Lincoln Lifetime Income Advantage 2.0 | GLWB | Lincoln Lifetime Income Advantage 2.0 | 13 Sep 2010 | |
| Lincoln Lifetime Income Advantage 2.0 - Managed Risk | GLWB | Lincoln Lifetime Income Advantage 2.0 - Managed Risk | 12 May 2014 | |
| Lincoln Lifetime Income Advantage 2.0 - Protected Funds | GLWB | Lincoln Lifetime Income Advantage 2.0 - Protected Funds | 02 Apr 2012 | |
| Lincoln Lifetime Income Advantage Guaranteed Income Benefit | GMIB | Lincoln Lifetime Income Advantage Guaranteed Income Benefit | ||
| Lincoln Market Select Advantage | GLWB | Lincoln Market Select Advantage | 16 May 2016 | |
| Lincoln Max 6 Select Advantage | GLWB | Lincoln Max 6 Select Advantage | 22 May 2017 | |
| Lincoln SmartSecurity Advantage - 1 Year Automatic Step-up | GLWB | Lincoln SmartSecurity Advantage - 1 Year Automatic Step-up | ||
| Lincoln SmartSecurity Advantage - 5 Year Elective Step-up option | GLWB | Lincoln SmartSecurity Advantage - 5 Year Elective Step-up option | ||
| i4LIFE Advantage | GMIB | i4LIFE Advantage | ||
| i4LIFE Advantage Guaranteed Income Benefit (Version 3) | GMIB | i4LIFE Advantage Guaranteed Income Benefit (Version 3) | ||
| i4LIFE Advantage Guaranteed Income Benefit (Version 4) | GMIB | i4LIFE Advantage Guaranteed Income Benefit (Version 4) | 20 Jan 2015 | |
| i4LIFE Advantage Guaranteed Income Benefit (Version 4) (Closed) | GMIB | i4LIFE Advantage Guaranteed Income Benefit (Version 4) (Closed) | 13 Sep 2010 | |
| i4LIFE Advantage Guaranteed Income Benefit (Version 4) - Protected Funds | GMIB | i4LIFE Advantage Guaranteed Income Benefit (Version 4) - Protected Funds | 21 May 2012 | |
| i4LIFE Advantage Guaranteed Income Benefit - Managed Risk | GMIB | i4LIFE Advantage Guaranteed Income Benefit - Managed Risk | 12 May 2014 | |
| i4LIFE Advantage Select Guaranteed Income Benefit | GMIB | i4LIFE Advantage Select Guaranteed Income Benefit | 29 Sep 2016 |