Edit Lincoln SmartSecurity - 1 year Automatic Step-up

Identity

COMPANY *

RIDER TYPE *

NAME *

INTERNAL NAME

DTCC RIDER ID *

PRODUCT POLICY TYPE *

Rules & Limits

RIDER SELECT RULE

BASED ON LIFE

MIN AGE

MAX AGE

ELIGIBLE PP

ELIGIBLE PP TERM

MAX BENEFIT BASE

MAX BENEFIT BASE %

WITH REDUCE BENEFIT BASE

FORMULA

Dates

INCEPTION DATE *

CLOSED DATE

State Availability

Exception

Not available in states

Status Flags

Terminated

Exclude Premium Bonus

Single Life

Joint Life

Spousal Continuation Option

Formula Case Available

Notes & Descriptions

BENEFIT DESCRIPTION

The rider provides a guaranteed return of principal. It also provides a guaranteed lifetime benefit if the age at first withdrawal is 65 or older.,The Guaranteed Amount (GA) is a value used to calculate withdrawal benefit under this rider. If rider is elected on the base policy contract date, initial GA is equal to initial purchase payment. If rider is elected after the base policy contract date, initial GA is equal to Contract Value on effective date of the rider. Under 1 Year Automatic Step-Up option, GA will automatically step-up to contract value on each rider year anniversary up to and including 10th rider year, after the 10th benefit year anniversary, another 10-year period of automatic step-ups can be initiated (in writing) if each contract owner and annuitant is under age 81. There is no change in the percentage charge when automatic annual step-ups occur during a 10 year period. After the first rider anniversary, cumulative additional purchase payments into the contract will be limited to an amount equal to $100,000.

RIDER CANCELLATION

RIDER TERMINATION

AVAILABLE WHEN ADDED

SUBSEQUENT PREMIUM

WITHDRAWAL NOTES

PARTIAL WITHDRAWALS

REQUIRED MIN DISTRIBUTIONS

SPOUSAL CONTINUATION OPTION

EFFECT CHANGE OWNERSHIP

OTHER INFO

VERSION NOTES

INTERNAL NOTES

SCRAP BOOK

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