07/24/2024 | Press release | Distributed by Public on 07/24/2024 12:14
|
Single
Life
|
Joint
Life
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
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 for Contractowners who transition from Lincoln Market
Select®Advantage
|
Single
Life
|
Joint
Life
|
Current Initial Annual Charge
|
1.50%
|
1.60%
|
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%
|
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.
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
|
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
|
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 |