LP
● Terminated
Lincoln ProtectedPay Secure Core
Modified 4 months ago
DTCC ID
—
RIDER TYPE
GLWB
COMPANY
—
INCEPTION
Nov 28, 2022
Identity
Name
Lincoln ProtectedPay Secure Core
Internal name
Lincoln ProtectedPay Secure Core
Company
—
Rider type
GLWB
DTCC Rider ID
—
Product policy type
—
Status
● Terminated
Inception date
Nov 28, 2022
Age range
0 – 85
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
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.