i4LIFE Advantage Guaranteed Income Benefit - (Managed Risk)

Benefit guarantees lifetime future income regardless of investment performance of underlying investment options. The initial Guaranteed Income Benefit Amount is an amount equal to the specified percentage of the Account Value for single life ranges from 2.25% to 5.5% (for aged 39 to 85) and for joint life ranges from 2.0% to 4.75% (for aged 39 to 85), or if transitioning from a Lincoln ProtectedPay Select Core the initial payment amount equal to the specified percentage of the Account Value for single life ranges from 2.25% to 5.25% (for aged 39 to 85) and for joint life ranges from 2.0% to 4.75% (for aged 39 to 85), based on the age of annuitant at rider issue. If the amount of regular income payment has fallen below the Guaranteed Income Benefit, because of poor investment performance, owner will receive the payment equal to i4LIFE Advantage Guaranteed Income Benefit amount. If regular income payment is less than the Guaranteed Income Benefit, issuer will reduce the Account Value by the Regular Income Payment plus an additional amount equal to the difference between the regular income payment and the guaranteed income benefit. Issuer will establish Access Period (min as longer of 20 years or the difference between owner’s age and age 90 and max to owner's aged 115 for NQ and 100 for QP). Guaranteed Income Benefit will automatically step-up every year to 75% of the current Regular Income Payment if that result is greater than the immediately prior Guaranteed Income Benefit. For NQ contracts, step-up will occur annually on the first valuation date on or after each periodic commencement date, for QP contracts, step-up will occur annually on the first valuation date of the first periodic income payment of each calendar year.