4LATER Select Advantage

Rider provides a Protected Income Base (PIB) equals to initial Purchase Payment (PP) if rider elected at contract issue. Thereafter, or at the time of transition Initial PIB will be equal to the contract value on the rider effective date and Enhancement Base is equal to the initial PP or the Contract Value on the effective date of the rider. Rider if transitioned from prior living benefit rider, the prior PIB and EB will be no longer available and prior rider will be terminated. However, to transition from 4Later Advantage (Managed Risk), issuer currently, waives of the waiting term requirements, to cancel the prior rider and elect new rider. PIB, used to determine Guaranteed Income Benefit amount under i4LIFE Advantage Select Guaranteed Income Benefit at later date. Contract owners, electing this rider have an option to later transition of this rider to i4LIFE Advantage Select Guaranteed Income Benefit. PIB is increased by subsequent PP, Enhancements, and AV (Account Value) Step-Ups and decreased by all withdrawals. Maximum PIB is $10 million, including the guaranteed amount under all Living Benefit Riders of all Lincoln Life Contracts, where the owner (and/or the secondary life if joint option) are the covered lives. On each benefit year anniversary, PIB, will be increased by Enhancement Rate of 6% if - 1) contract owner or annuitant is under age 86, 2) there were no withdrawals in the preceding year, 3) rider is in enhancement period, 4) Enhancement Value is greater than PIB immediately prior to Benefit Year anniversary adjustment, 5) EV is greater than an Account Value Step-up that may have occurred on the same Benefit Year anniversary; and 6) EB is greater than zero. Enhancement period is a 10-year period begins on rider date. The Enhancement Period does not reset, and Enhancements are not available once the Enhancement Period has expired.