Beacon Data Entry
Variable Annuity Lincoln ProtectedPay Secure Core
LP
● Terminated

Lincoln ProtectedPay Secure Core

Modified 12 months ago
DTCC ID
RIDER TYPE GLWB
COMPANY
INCEPTION Jun 26, 2023
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
Jun 26, 2023
Closed date
Feb 18, 2025
Age range
0 – 85

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.

Issue age must be 58 for the contracts issued in the state of Maryland.