Lincoln Life & Annuity Variable Annuity Account H

07/24/2024 | Press release | Distributed by Public on 07/24/2024 12:12

Post Effective Amendment to Registration Statement by Investment Company Form 485BPOS

EDGAR HTML
As filed with the Securities and Exchange Commission on July 24, 2024
1933 Act Registration No. 333-141763
1940 Act Registration No. 811-08441
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-4
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
POST-EFFECTIVE AMENDMENT NO. 48
and
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
AMENDMENT NO. 483
Lincoln Life & Annuity Variable Annuity Account H
(Exact Name of Registrant)
American Legacy Shareholder's Advantage®
American Legacy Shareholder's Advantage®(A-Class)
LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK
(Name of Depositor)
120 Madison Street, Suite 1310
Syracuse, New York 13202
(Address of Depositor's Principal Executive Offices)
Depositor's Telephone Number, Including Area Code: (315) 428-8400
Sarah Sheldon, Esquire
Lincoln Life & Annuity Company of New York
120 Madison Street, Suite 1310
Syracuse, New York 13202
(Name and Address of Agent for Service)
Copy to:
Carolyn E. Augur, Esquire
The Lincoln National Life Insurance Company
350 Church Street
Hartford, Connecticut 06103
Approximate Date of Proposed Public Offering: Continuous
It is proposed that this filing will become effective:
/X/ immediately upon filing pursuant to paragraph (b) of Rule 485
/ / on _____________, pursuant to paragraph (b) of Rule 485
/ / 60 days after filing pursuant to paragraph (a)(1) of Rule 485
/ / on _____________ pursuant to paragraph (a)(1) of Rule 485
Title of Securities being registered:
Interests in a separate account under individual flexible
payment deferred variable annuity contracts.
Lincoln Life & Annuity Company of New York
Lincoln Life & Annuity Variable Annuity Account H
American Legacy®Shareholder's Advantage, American Legacy®Signature, American Legacy®Series, American Legacy®Design, American Legacy®Advisory
Lincoln New York Account N for Variable Annuities
ChoicePlus AssuranceSMA Share, ChoicePlus AssuranceSMSeries, ChoicePlus AssuranceSMPrime, ChoicePlusSMDesign, ChoicePlusSMSignature, ChoicePlusSMAdvisory
Rate Sheet Prospectus Supplement dated July 24, 2024
This Rate Sheet Prospectus Supplement ("Rate Sheet") provides the rates and percentages for the Lincoln Market Select®Advantage rider. This Rate Sheet must be retained with the current prospectus.
The rates below apply for applications and/or election forms signed on or after August 19, 2024.
The rates in this Rate Sheet can be superseded. In the event we change our rates, the new rate sheet will become effective at least 10 days after it is filed. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your financial professional, or online at www.lfg.com/VAprospectus. This Rate Sheet has been filed with the Securities and Exchange Commission and can be viewed at www.sec.gov.
Current Initial Protected Lifetime Income Fee Rate
Single
Life
Joint
Life
Current Initial Annual Charge
1.50%
1.60%
Enhancement Rate
6%
Protected Annual Income Rates
The Protected Annual Income amount is calculated when you elect the rider. Upon the first Protected Annual Income withdrawal, the Protected Annual Income rate will be based on your age (or the younger of you and your spouse under the joint life option) as of the date of that withdrawal, and thereafter may not change unless an Account Value Step-up occurs.
Single Life PAI Rate
Joint Life PAI Rate
Age
PAI Rate
Age
PAI Rate
59
4.00%
59
3.50%
60 - 64
4.50%
60 - 64
4.00%
65 - 69
5.70%
65 - 69
5.20%
70 - 74
6.15%
70 - 74
5.65%
75 - 79
6.65%
75 - 79
6.15%
80 - 84
7.25%
80 - 84
6.80%
85 - 89
8.00%
85 - 89
7.55%
i4LIFE®Advantage Select Guaranteed Income Benefit Charge Rate
i4LIFE®Advantage Select Guaranteed Income Benefit for Contractowners who transition from Lincoln Market
Select®Advantage
Single
Life
Joint
Life
Current Initial Annual Charge
1.50%
1.60%
Guaranteed Income Benefit Percentages
The Guaranteed Income Benefit will be an amount equal to a specified percentage of your Account Value or Protected Income Base, based on your age (or the age of the youngest life under a joint life option) at the time the Guaranteed Income Benefit is elected. The rates listed below are for i4LIFE®Advantage Select Guaranteed Income Benefit elections for Contractowners who transition from Lincoln Market Select®Advantage.
Single Life GIB %
Joint Life GIB %
Age
GIB %
Age
GIB %
Under 40
2.25%
Under 40
2.00%
40 - 54
3.00%
40 - 54
2.50%
55 - 58
3.25%
55 - 58
2.75%
59 - 64
4.00%
59 - 64
3.50%
65 - 69
5.00%
65 - 69
4.50%
70 - 79
5.25%
70 - 79
4.75%
80+
5.25%
80+
4.75%
In order to receive the percentages and rates indicated in this Rate Sheet, your application or rider election form must be signed on and after August 19, 2024. We must receive your application or rider election form in Good Order within 10 days from the date you sign your application or rider election form, and the annuity must be funded within 60 calendar days. Good Order means the actual receipt by Lincoln at its Home Office of the requested transaction in writing, or by other means accepted by Lincoln, along with all the information and supporting legal documentation necessary to complete the transaction. Additional paperwork may be required if these conditions are not met and you still wish to purchase the annuity in order to receive the applicable rates in effect at that time.

LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK

Lincoln Life & Annuity Variable Annuity Account H

American Legacy® Advisory, American Legacy® Design

American Legacy® Series, American Legacy® Signature

American Legacy® Shareholder's Advantage

Lincoln New York Account N for Variable Annuities

Lincoln ChoicePlusSM Advisory, Lincoln ChoicePlusSM Design

Lincoln ChoicePlus AssuranceSM Series, Lincoln ChoicePlusSM Signature

Lincoln ChoicePlus AssuranceSM (A-Share), Lincoln ChoicePlus AssuranceSM (Prime)

Supplement dated July 24, 2024 to the prospectus dated May 1, 2024

This supplement to the prospectus for your individual variable annuity contract describes revisions that apply to new elections of Lincoln Market Select® Advantage on and after August 19, 2024. All other provisions in your prospectus remain unchanged. The changes discussed in this supplement apply tonew Contractowners only and do not impact existing Contractowners.

ForLincoln Market Select® Advantage riders elected on and after August 19, 2024:

● The rider is available for new Contractowners only.
● The Contractowner/Annuitant (as well as the spouse if the joint life option is in effect) must be 59 to 79 years of age at the time the Contract is issued.
● The original Enhancement Period is up to a 3-year period that begins on the effective date of the rider.
● After the third Benefit Year anniversary, if the Enhancement Period has renewed, the protected lifetime income fee may increase each time the Protected Income Base increases as a result of the Enhancement. See the prospectus for details on how you may opt out of this fee increase.

Please keep this supplement for future reference.

Part A
The Prospectuses for the American Legacy Shareholder's Advantage®(A Share) and American Legacy Shareholder's Advantage® (A-Class) variable annuity contracts, as supplemented, are incorporated herein by reference to Post-Effective Amendment No. 47(File No. 333-141763) filed on April 18, 2024.
Part B
The Statement of Additional Information for the American Legacy Shareholder's Advantage®(A Share) and American Legacy Shareholder's Advantage®(A-Class) variable annuity contract, including the financial statements of Lincoln New York and the financial statement of Lincoln Life & Annuity Variable Annuity Account H, are incorporated herein by reference to Post-Effective Amendment No. 47(File No. 333-141763) filed on April 18, 2024.
Lincoln Life & Annuity Variable Annuity Account H
PART C - OTHER INFORMATION
Item 27. Exhibits
(b) Not applicable
B-2
B-3
(h) Fund Participation Agreements among Lincoln Life & Annuity Company of New York and:
(j) Rule 22c-2 Agreement between Lincoln Life & Annuity Company of New York and:
(l)(1) Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm filed herein.
(2) Power of Attorney - Principal Officers and Directors of Lincoln Life & Annuity Company of New York filed herein.
(m) Not applicable
(n) Not applicable
(o) Not applicable
EX-101.SCH XBRL Taxonomy Extension Schema Document
Item 28. Directors and Officers of the Depositor
The following list contains the officers and directors of Lincoln Life & Annuity Company of New York who are engaged directly or indirectly in activities relating to Lincoln Life & Annuity Variable Annuity Account H as well as the contracts. The list also shows Lincoln Life & Annuity Company of New York's executive officers.
B-4
Name
Positions and Offices with Depositor
Jayson R. Bronchetti*
Executive Vice President, Chief Investment Officer and Director
Adam M. Cohen*
Senior Vice President, Chief Accounting Officer and Treasurer
Ellen G. Cooper*
President and Director
Stephen B. Harris*
Senior Vice President and Chief Ethics and Compliance Officer
Mark E. Konen
4901 Avenue G
Austin, TX 78751
Director
M. Leanne Lachman
870 United Nations, Plaza, #19-E
New York, NY 10017
Director
Dale LeFebvre
2710 Foxhall Road NW
Washington, DC 20007
Director
Louis G. Marcoccia
Senior Vice President
Syracuse University
Crouse-Hinds Hall, Suite 620
900 S. Crouse Ave.
Syracuse, NY 13244
Director
Christopher M. Neczypor*
Executive Vice President, Chief Financial Officer and Director
Nancy A. Smith*
Secretary
Joseph D. Spada**
Vice President and Chief Compliance Officer for Separate Accounts
*Principal business address is 150 N. Radnor-Chester Road, Radnor, PA 19087
**Principal business address is 350 Church Street, Hartford, CT 06096
Item 29. Persons Controlled by or Under Common Control with the Depositor or Registrant
Item 30. Indemnification
a) Brief description of indemnification provisions.
In general, Article VII of the By-Laws of Lincoln Life & Annuity Company of New York provides that Lincoln New York will indemnify certain persons against expenses, judgments and certain other specified costs incurred by any such person if he/she is made a party or is threatened to be made a party to a suit or proceeding because he/she was a director, officer, or employee of Lincoln New York, as long as he/she acted in good faith and in a manner he/she reasonably believed to be in the best interests of, or act opposed to the best interests of, Lincoln New York. Certain additional conditions apply to indemnification in criminal proceedings.
In particular, separate conditions govern indemnification of directors, officers, and employees of Lincoln New York in connection with suits by, or in the right of, Lincoln New York.
Please refer to Article VII of the By-Laws of Lincoln New York (Exhibit no. f hereto) for the full text of the indemnification provisions. Indemnification is permitted by, and is subject to the requirements of, New York law.
b) Undertaking pursuant to Rule 484 of Regulation C under the Securities Act of 1933:
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the provisions described in Item 28(a) above or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer, or controlling person of the Registrant in the successful defense of any such action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
B-5
Item 31. Principal Underwriter
(a) Lincoln Financial Distributors, Inc. ("LFD") currently serves as Principal Underwriter for: Lincoln National Variable Annuity Account C; Lincoln National Flexible Premium Variable Life Account D; Lincoln National Variable Annuity Account E; Lincoln National Flexible Premium Variable Life Account F; Lincoln National Flexible Premium Variable Life Account G; Lincoln National Variable Annuity Account H; Lincoln Life & Annuity Variable Annuity Account H; Lincoln Life Flexible Premium Variable Life Account J; Lincoln Life Flexible Premium Variable Life Account K; Lincoln National Variable Annuity Account L; Lincoln Life & Annuity Variable Annuity Account L; Lincoln Life Flexible Premium Variable Life Account M; Lincoln Life & Annuity Flexible Premium Variable Life Account M; Lincoln Life Variable Annuity Account N; Lincoln New York Account N for Variable Annuities; Lincoln Life Variable Annuity Account Q; Lincoln Life Flexible Premium Variable Life Account R; LLANY Separate Account R for Flexible Premium Variable Life Insurance; Lincoln Life Flexible Premium Variable Life Account S; LLANY Separate Account S for Flexible Premium Variable Life Insurance; Lincoln Life Variable Annuity Account T; Lincoln Life Variable Annuity Account W; and Lincoln Life Flexible Premium Variable Life Account Y and Lincoln Life & Annuity Flexible Premium Variable Life Account Y; Lincoln Life Variable Annuity Account JF-H; Lincoln Life Variable Annuity Account JF-I; Lincoln Life Flexible Premium Variable Life Account JF-A; Lincoln Life Flexible Premium Variable Life Account JF-C; Lincoln Life Variable Annuity Account JL-A; Lincoln Life & Annuity Flexible Premium Variable Life Account JA-B; Lincoln Variable Insurance Products Trust; Lincoln Advisors Trust.
(b) Officers and Directors of Lincoln Financial Distributors, Inc.:
Name
Positions and Offices with Underwriter
Adam M. Cohen*
Senior Vice President and Treasurer
Jason M. Gibson**
Vice President and Chief Compliance Officer
Claire H. Hanna*
Secretary
John C. Kennedy*
President, Chief Executive Officer and Director
Jared M. Nepa*
Senior Vice President and Director
Thomas P. O'Neill*
Senior Vice President, Chief Operating Officer and Head of Financial
Institutions Group
Timothy J. Seifert Sr*
Senior Vice President and Director
*Principal business address is 150 N. Radnor-Chester Road, Radnor, PA 19087
**Principal business address is 1301 South Harrison Street, Fort Wayne, IN 46802
(c) N/A
Item 32. Location of Accounts and Records
This information is provided in the Registrant's most recent report on Form N-CEN.
Item 33. Management Services
Not Applicable.
Item 34. Fee Representation
Lincoln New York represents that the fees and charges deducted under the contracts, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by Lincoln New York.
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SIGNATURES

(a) As required by the Securities Act of 1933 and the Investment Company Act of 1940, each Registrant certifies that it meets the requirements of Securities Act Rule 485(b) for effectiveness of these registration statements and has caused these Post-Effective Amendments to the registration statements to be signed on its behalf, in the City of Fort Wayne, and the State of Indiana on this 17th day of July, 2024 at 9:17 am.

Lincoln Life & Annuity Variable Annuity Account H

Lincoln New York Account N for Variable Annuities

(Registrants)

By: /s/ Delson R. Campbell
Delson R. Campbell
Vice President, Lincoln Life & Annuity Company of New York

Signed on its behalf, in the City of Hartford, and the State of Connecticut on this 18th day of July, 2024 at 7:13 am.

Lincoln Life & Annuity Company of New York

(Depositor)

By: /s/ Emily S. Li
Emily S. Li
(Signature-Officer of Depositor)
Assistant Vice President, Lincoln Life & Annuity Company of New York

Lincoln Life & Annuity Variable Annuity Account H (File No. 811-08441; CIK: 0001045008)

333-141763 (Amendment No. 48) 333-181617 (Amendment No. 27)
333-141766 (Amendment No. 43) 333-214112 (Amendment No. 15)
333-171097 (Amendment No. 34)

Lincoln New York Account N for Variable Annuities (File No. 811-09763; CIK: 0001093278)

333-141762 (Amendment No. 47) 333-181616 (Amendment No. 40)
333-145531 (Amendment No. 54) 333-186895 (Amendment No. 35)
333-171096 (Amendment No. 36) 333-214111 (Amendment No. 19)

(b) As required by the Securities Act of 1933, these Amendments to the registration statements have been signed by the following persons in their capacities indicated on July 17, 2024 at 9:17 am.

Signature Title
* /s/ Ellen G. Cooper President and Director
Ellen G. Cooper
* /s/ Christopher M. Neczypor Executive Vice President, Chief Financial Officer, and Director
Christopher M. Neczypor
* /s/ Jayson R. Bronchetti Executive Vice President, Chief Investment Officer, and Director
Jason R. Bronchetti
* /s/ Adam M. Cohen Senior Vice President and Chief Accounting Officer
Adam M. Cohen
* /s/ Mark E. Konen Director
Mark E. Konen
* /s/ M. Leanne Lachman Director
M. Leanne Lachman
* /s/ Louis G. Marcoccia Director
Louis G. Marcoccia
* /s/ Dale LeFebvre Director
Dale LeFebvre
* /s/ Delson R. Campbell, pursuant to a Power of Attorney
Delson R. Campbell