Lincoln Lifetime Income Advantage 2.0 - Managed Risk

The rider provides a guaranteed lifetime income.,Rider is available for purchase with a variable annuity contract if the purchase payment or contract value (if purchased after the contract is issued) is at least $25,000. After the first rider anniversary, cumulative additional purchase payments into the contract will be limited to an amount equal to $100,000. The owner/annuitant as well as the spouse under the joint life option must be under age 86 for NQ (age 76 for QP) at the time this rider is elected. To continue the payments under this rider, an annuity payout option must be elected by the last day of the owner's 85th birthday for QP and 99th birthday for NQ.

The PAI percent will be increased to 10% during a rider year when owner is age 70 or older, or owner and spouse (joint life) are both age 70 or older, and one is admitted into qualified nursing home or equivalent health care facility. Nursing Home Enhancement applies if admittance to such facility occurs 60 months or more after effective date of the rider, individual was not in the nursing home in year prior to effective date of rider, and upon entering nursing home, has been confined at least 90 consecutive days.