Lincoln Life Variable Annuity Account N
Lincoln Life Variable Annuity Account N
08/08/2024 | Press release | Distributed by Public on 08/08/2024 11:00
Prospectus by Investment Company - Form 497
EDGAR HTML
The Lincoln National Life Insurance Company
Lincoln National Variable Annuity Account E
The American Legacy®
Lincoln National Variable Annuity Account H
American Legacy®II, American Legacy®III, American Legacy®III C Share, American Legacy®III View, American Legacy®Shareholder's Advantage, American Legacy®Signature, American Legacy®Series, American Legacy®Design, American Legacy®Advisory
Lincoln Life Variable Annuity Account N
ChoicePlusSM, ChoicePlusSMAccess, ChoicePlusSMII, ChoicePlusSMII Access, ChoicePlusSMII Advance, ChoicePlus AssuranceSMA Share, ChoicePlus AssuranceSMB Share, ChoicePlus AssuranceSMC Share, ChoicePlus AssuranceSML Share, ChoicePlus AssuranceSMPrime, ChoicePlus AssuranceSMSeries, ChoicePlusSMDesign, ChoicePlusSMRollover, ChoicePlusSMSignature, ChoicePlusSMAdvisory, InvestmentSolutionsSMRIA
Rate Sheet Prospectus Supplement dated August 8, 2024
This Rate Sheet Prospectus Supplement ("Rate Sheet") provides the rates and percentages for the Lincoln ProtectedPay®lifetime income suite. 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The rates in this Rate Sheet can be superseded.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 for Lincoln ProtectedPay Select Core®and Lincoln ProtectedPay Secure Core®
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 after reaching a new age band.
Lincoln ProtectedPay Select Core®
|
Single Life PAI Rate
|
Joint Life PAI Rate
|
||
|
Age
|
PAI Rate
|
Age
|
PAI Rate
|
|
59 - 64
|
4.25%
|
59 - 64
|
4.10%
|
|
65 - 69
|
6.00%
|
65 - 69
|
5.50%
|
|
70 - 74
|
6.15%
|
70 - 74
|
5.60%
|
|
75+
|
6.30%
|
75+
|
5.85%
|
Lincoln ProtectedPay Secure Core®
|
Single Life PAI Rate
|
Joint Life PAI Rate
|
||
|
Age
|
PAI Rate
|
Age
|
PAI Rate
|
|
59 - 64
|
4.75%
|
59 - 64
|
4.35%
|
|
65 - 69
|
6.10%
|
65 - 69
|
5.60%
|
|
70 - 74
|
6.30%
|
70 - 74
|
5.85%
|
|
75+
|
6.55%
|
75+
|
6.10%
|
Protected Annual Income Rates for Lincoln ProtectedPay Select Plus®, Lincoln ProtectedPay Secure Plus®, Lincoln ProtectedPay Select Max®and Lincoln ProtectedPay Secure Max®
The initial Protected Annual Income rate is based on your age as of the date of the first Protected Annual Income withdrawal. Under the joint life option, the age of the younger of you or your spouse will be used. Thereafter the Protected Annual Income rate will only increase upon an Account Value Step-up after reaching a new age band and will decrease once the Contract Value reaches zero.
The rates in Table A apply prior to the Contract Value reaching zero. When the Contract Value reaches zero, Table B will always be used and, the Protected Annual Income amount will be immediately recalculated to equal the Protected Income Base multiplied by the applicable rate shown in Table B. The rate in Table B will be based on the later of (a) your age at the time the first Protected Annual Income withdrawal occurred, or (b) your age as of the Valuation Date of the most recent Account Value Step-up. If no withdrawals have been taken prior to the Contract Value reaching zero, then your current age (single life option) or the younger of you and your spouse (joint life option) will be used to determine the Protected Annual Income rate in Table B.
Lincoln ProtectedPay Select Plus®
|
TABLE A
|
TABLE B
|
||||
|
Age
|
Single Life
Option
|
Joint Life
Option
|
Age
|
Single Life
Option
|
Joint Life
Option
|
|
59 - 64
|
5.70%
|
5.20%
|
59 - 64
|
3.00%
|
3.00%
|
|
65 - 69
|
7.65%
|
7.10%
|
65 - 69
|
4.50%
|
4.25%
|
|
70 - 74
|
7.90%
|
7.15%
|
70 - 74
|
4.50%
|
4.25%
|
|
75+
|
8.00%
|
7.40%
|
75+
|
4.50%
|
4.25%
|
Lincoln ProtectedPay Secure Plus®
|
TABLE A
|
TABLE B
|
||||
|
Age
|
Single Life
Option
|
Joint Life
Option
|
Age
|
Single Life
Option
|
Joint Life
Option
|
|
59 - 64
|
5.65%
|
5.25%
|
59 - 64
|
3.50%
|
3.25%
|
|
65 - 69
|
7.50%
|
7.10%
|
65 - 69
|
5.00%
|
4.50%
|
|
70 - 74
|
7.75%
|
7.15%
|
70 - 74
|
5.00%
|
4.50%
|
|
75+
|
7.85%
|
7.50%
|
75+
|
5.00%
|
4.50%
|
Lincoln ProtectedPay Select Max®
|
TABLE A
|
TABLE B
|
||||
|
Age
|
Single Life
Option
|
Joint Life
Option
|
Age
|
Single Life
Option
|
Joint Life
Option
|
|
59 - 64
|
5.70%
|
5.20%
|
59 - 64
|
3.00%
|
3.00%
|
|
65 - 69
|
8.30%
|
7.90%
|
65 - 69
|
3.50%
|
3.25%
|
|
70 - 74
|
8.55%
|
8.10%
|
70 - 74
|
3.50%
|
3.25%
|
|
75+
|
8.80%
|
8.30%
|
75+
|
3.50%
|
3.25%
|
Lincoln ProtectedPay Secure Max®
|
TABLE A
|
TABLE B
|
||||
|
Age
|
Single Life
Option
|
Joint Life
Option
|
Age
|
Single Life
Option
|
Joint Life
Option
|
|
59 - 64
|
5.65%
|
5.25%
|
59 - 64
|
3.50%
|
3.25%
|
|
65 - 69
|
8.50%
|
8.10%
|
65 - 69
|
3.50%
|
3.25%
|
|
70 - 74
|
8.75%
|
8.30%
|
70 - 74
|
3.50%
|
3.25%
|
|
75+
|
9.00%
|
8.50%
|
75+
|
3.50%
|
3.25%
|
i4LIFE®Advantage Guaranteed Income Benefit Charge Rate
|
i4LIFE®Advantage Select Guaranteed Income Benefit for Contractowners who transition from Lincoln
ProtectedPay Select Core®
|
Single
Life
|
Joint
Life
|
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
|
i4LIFE®Advantage Guaranteed Income Benefit (Managed Risk) for Contractowners who transition from Lin-
coln ProtectedPay Secure Core®
|
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 following rates apply to i4LIFE®Advantage Guaranteed Income Benefit elections for Contractowners who transition from Lincoln ProtectedPay Select Core®and Lincoln ProtectedPay Secure Core®.
i4LIFE®Advantage Select Guaranteed Income Benefit Percentages For Contractowners Who Transition From Lincoln ProtectedPay Select Core®
|
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%
|
i4LIFE®Advantage Guaranteed Income Benefit (Managed Risk) Percentages For Contractowners Who Transition From Lincoln ProtectedPay Secure Core®
|
Single Life GIB %
|
Joint Life GIB %
|
||
|
Age
|
GIB %
|
Age
|
GIB %
|
|
Under 40
|
2.25%
|
Under 40
|
2.25%
|
|
40 - 54
|
2.75%
|
40 - 54
|
2.50%
|
|
55 - 58
|
3.00%
|
55 - 58
|
2.75%
|
|
59 - 64
|
3.75%
|
59 - 64
|
3.25%
|
|
65 - 69
|
4.75%
|
65 - 69
|
4.00%
|
|
70 - 74
|
5.25%
|
70 - 74
|
4.25%
|
|
75 - 79
|
5.50%
|
75 - 79
|
4.50%
|
|
80+
|
5.50%
|
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.
The Lincoln National Life Insurance Company
Lincoln National Variable Annuity Account E
The American Legacy®
Lincoln National Variable Annuity Account H
American Legacy®II, American Legacy®III, American Legacy®III C Share, American Legacy®III View, American Legacy®Shareholder's Advantage, American Legacy®Signature, American Legacy®Series, American Legacy®Design, American Legacy®Advisory
Lincoln Life Variable Annuity Account N
ChoicePlusSM, ChoicePlusSMAccess, ChoicePlusSMII, ChoicePlusSMII Access, ChoicePlusSMII Advance, ChoicePlus AssuranceSMA Share, ChoicePlus AssuranceSMB Share, ChoicePlus AssuranceSMC Share, ChoicePlus AssuranceSML Share, ChoicePlusSMSelect B Share, ChoicePlus AssuranceSMSeries, ChoicePlusSMDesign, ChoicePlusSMSignature, ChoicePlusSMAdvisory, InvestmentSolutionsSMRIA
Rate Sheet Prospectus Supplement dated August 8, 2024
This Rate Sheet Prospectus Supplement ("Rate Sheet") provides the rates and percentages for the 4LATER®Select Advantagerider. This Rate Sheet must be retained with the current prospectus.
The rates below apply for applications and/or election forms signed on and 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%
i4LIFE®Advantage Select Guaranteed Income Benefit Charge Rate
|
i4LIFE®Advantage Select Guaranteed Income Benefit for Contractowners who transition from 4LATER®
Select Advantage
|
Single
Life
|
Joint
Life
|
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
i4LIFE®Advantage Select Guaranteed Income Benefit
|
Single Life GIB Percentage
|
Joint Life GIB Percentage
|
||
|
Age
|
GIB Percentage
|
Age
|
GIB Percentage
|
|
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 rate indicated in this Rate Sheet, your 4LATER®Select Advantage application or rider election form must be signed and dated 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.