Lincoln ProtectedPay Secure Core
The rider provides a consistent protected lifetime income with less risky investment choices. Protected Lifetime Income amount is a percentage of Protected Income Base, determined by the income option chosen and age when income starts.,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.
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.