LP
● Terminated
Lincoln ProtectedPay Secure Plus
Modified 3 months ago · Lincoln National Life Insurance Company
DTCC ID
—
RIDER TYPE
GLWB
COMPANY
Lincoln National Life Insurance Company
INCEPTION
Nov 28, 2022
Identity
Name
Lincoln ProtectedPay Secure Plus
Internal name
Lincoln ProtectedPay Secure Plus
Rider type
GLWB
DTCC Rider ID
—
Product policy type
—
Status
● Terminated
Inception date
Nov 28, 2022
Closed date
Feb 17, 2026
Age range
0.0 – 85.0
Benefit description
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, cumulative additional purchase payments into the contract will be limited to an amount equal to $100,000.
Scrap book
Issue age must be 58 for the contracts issued in the state of Maryland.