LP
● Active
Lincoln ProtectedPay Select Core
Modified about 1 year ago
DTCC ID
—
RIDER TYPE
GLWB
COMPANY
—
INCEPTION
Nov 28, 2022
Identity
Name
Lincoln ProtectedPay Select Core
Internal name
Lincoln ProtectedPay Select Core
Company
—
Rider type
GLWB
DTCC Rider ID
—
Product policy type
—
Status
● Active
Inception date
Nov 28, 2022
Age range
0 – 85
Benefit description
The rider provides a consistent lifetime income with growth potential through set of investment choices.,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, once cumulative purchase payments exceeds $100,000, additional Purchase Payments will be limited to $50,000 per benefit year without home office approval.
Scrap book
For contracts issued in Maryland, the issue age must be 58. However, if the Estate Lock death benefit rider is purchased, the issue age of owner/annuitant can be between 35 and 75 years.