i4LIFE Advantage Select Guaranteed Income Benefit

Benefit guarantees minimum level of future income regardless of investment performance of underlying investment options. Initial Guaranteed Income Benefit will be an amount equal to a specified percentage of contract value ranges from 2.25% to 5.25% (for aged 39 to 85) for single life and for joint life ranges from 2.00% to 4.75% (for aged 39 to 85), or if transitioning from a Lincoln ProtectedPay Select Core or 4Later Select Advantage, 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. After Access Period, remaining contract value will applied to continue regular income payments for life of annuitant and contract value will be reduced to zero. If benefit is elected, certain restrictions will apply - 1) 4% AIR will be used to calculate regular income payments, 2) the minimum Access Period is the longer of 20 years or the difference between owner’s age and age 85) and maximum access period is the length between owner’s age and age 115 for NQ and 100 for QP. Access periodic income. If amount of i4LIFE Advantage regular income payment has fallen below Guaranteed Income Benefit, because of poor investment results, a payment equal to i4LIFE Advantage Guaranteed Income Benefit is minimum payment owner will receive. A 65% step-up applies to the Guaranteed Income Benefit.