● Terminated

Lincoln Lifetime Income Advantage 2.0 - Protected Funds

Modified over 3 years ago

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DTCC ID —

RIDER TYPE GLWB

COMPANY —

INCEPTION May 21, 2012

Details BBE Reset EEB Multiplier Bonus Vesting Rollup Floor Charge ABP

Identity

NAME *

INTERNAL RESET NAME

RIDER TYPE *

PRODUCT POLICY TYPE *

RESET TYPE *

Dates

INCEPTION DATE *

CLOSED DATE

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HAV APPLIES YEARS

NO. OF YEARS

HAV TERM

STEP UP %

STEP UP % BASIS

SIMPLE / COMPOUND

NO. OF RESET

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FORMULA

Notes

DESCRIPTION

On each rider year anniversary within the Enhancement Period, the Income Base, minus purchase payments in that rider year, will be enhanced by 5% if the owner/annuitant (single life) and the owner and spouse (joint life) are alive and under age 86. Purchase payments in a rider year earn the enhancement in the next rider year, except that purchase payments within 90 days of the rider effective date receive the first rider year Enhancement. The 5% Enhancement is not available in any rider year that there is a withdrawal including a Guaranteed Annual Income payment. The 5% Enhancement is in effect for 10 years from the rider effective date. A new 10-year period begins each time there is an Automatic Annual Step-Up. The Enhancement and Automatic Annual Step-Up will not occur in the same year. If the Automatic Annual Step-Up provides a greater increase in the Income Base, the 5% Enhancement will not be received. During the first 10 rider years, the percentage charge for the rider will not change for increases in the IB due to the 5% Enhancement. After the 10th rider anniversary, the percentage charge for the rider may increase to the current charge if the Income Base increases as a result of the 5% Enhancement. The owner may opt out of the 5% Enhancement by giving written notice within 30 days of the rider anniversary. The opt out will only apply to that particular Enhancement. Written notice will be required each time an Enhancement is declined.

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Lincoln Lifetime Income Advantage 2.0 - Protected Funds

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