09/08/2024 | Press release | Distributed by Public on 09/08/2024 14:35
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a higher current annual charge;
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a change in the Access Period requirements;
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a lower Guaranteed Income Benefit step-up percentage;
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a higher AIR for transitions to Select Guaranteed Income Benefit; and
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higher Select Guaranteed Income Benefit percentages.
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Single Life
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Joint Life
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i4LIFE® Advantage Select Guaranteed Income Benefit riders elected on
and after August 19, 2024 ……………………………………………………….
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Guaranteed Maximum Annual Charge ………………………………………
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2.75%
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2.75%
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Name of Benefit
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Purpose
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Maximum Fee
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Brief Description of Restrictions/ Limitations
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i4LIFE® Advantage Select Guaranteed Income Benefit elections on and after August 19, 2024
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Provides a minimum payout floor for Regular Income Payments under i4LIFE® Advantage.
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2.75% Single and Joint Life Options
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•Investment Requirements apply.
•Withdrawals could significantly reduce or terminate the benefit.
•Restrictions apply to the length of the Access Period.
•Additional Purchase Payments may be limited.
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Group 1
Investments must be at least 20% of Contract Value or Account Value |
Group 2
Investments cannot exceed 80% of Contract Value or Account Value |
American Funds Mortgage Fund
American Funds The Bond Fund of America
American Funds U.S. Government Securities Fund
LVIP American Century Inflation Protection Fund
LVIP BlackRock Inflation Protected Bond Fund
LVIP JPMorgan Core Bond Fund
LVIP Macquarie Diversified Floating Rate Fund
LVIP Macquarie Diversified Income Fund LVIP Macquarie Limited-Term Diversified Income Fund LVIP PIMCO Low Duration Bond Fund LVIP SSGA Bond Index Fund LVIP SSGA Short-Term Bond Index Fund LVIP Vanguard Bond Allocation Fund LVIP Western Asset Core Bond Fund |
American Funds Asset Allocation Fund
American Funds Capital Income Builder®
American Funds Capital World Growth and Income Fund
American Funds Global Balanced Fund
American Funds Global Growth Fund
American Funds Growth Fund
American Funds Growth-Income Fund
American Funds High-Income Trust
American Funds International Fund
American Funds International Growth and Income Fund
American Funds Managed Risk Asset Allocation Fund
American Funds Washington Mutual Investors Fund
ClearBridge Variable Large Cap Growth Portfolio
Fidelity® VIP BalancedPortfolio Fidelity® VIP FundsManager® 50% Portfolio First Trust Capital Strength Portfolio
First Trust Growth Strength Portfolio
First Trust International Developed Capital Strength Portfolio
First Trust/Dow Jones Dividend & Income Allocation Portfolio Franklin Multi-Asset Variable Conservative Growth Fund Invesco V.I. EQV International Equity Fund Lincoln Hedged S&P 500 Conservative Fund
Lincoln Hedged S&P 500 Fund
Lincoln Opportunistic Hedged Equity Fund
LVIP American Balanced Allocation Fund
LVIP American Century Balanced Fund
LVIP American Century Capital Appreciation Fund
LVIP American Century Disciplined Core Value Fund
LVIP American Century International Fund
LVIP American Century Large Company Value Fund
LVIP American Century Mid Cap Value Fund
LVIP American Century Ultra Fund
LVIP American Century Value Fund
LVIP American Growth Allocation Fund
LVIP American Income Allocation Fund LVIP BlackRock Global Allocation Fund LVIP Channing Small Cap Value Fund LVIP Dimensional International Core Equity Fund LVIP Dimensional U.S. Core Equity 1 Fund LVIP Dimensional U.S. Core Equity 2 Fund LVIP Franklin Templeton Multi-Factor International Equity Fund
LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund
LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund
LVIP Global Aggressive Growth Allocation Managed Risk Fund
LVIP Global Conservative Allocation Managed Risk Fund
LVIP Global Growth Allocation Managed Risk Fund LVIP Global Moderate Allocation Managed Risk Fund LVIP Government Money Market Fund LVIP JPMorgan High Yield Fund
LVIP JPMorgan Mid Cap Value Fund
LVIP JPMorgan Retirement Income Fund
LVIP JPMorgan Small Cap Core Fund
LVIP JPMorgan U.S. Equity Fund
LVIP Macquarie High Yield Fund
LVIP Macquarie Wealth Builder Fund
LVIP SSGA Conservative Index Allocation Fund
LVIP SSGA Global Tactical Allocation Managed Volatility Fund LVIP SSGA International Index Fund LVIP SSGA Mid-Cap Index Fund LVIP SSGA Moderate Index Allocation Fund LVIP SSGA Moderately Aggressive Index Allocation Fund LVIP SSGA S&P 500 Index Fund LVIP SSGA Small-Cap Index Fund
LVIP Structured Conservative Allocation Fund
LVIP Structured Moderate Allocation Fund
LVIP Structured Moderately Aggressive Allocation Fund
LVIP U.S. Aggressive Growth Allocation Managed Risk Fund
LVIP U.S. Growth Allocation Managed Risk Fund
LVIP Vanguard Domestic Equity ETF Fund LVIP Vanguard International Equity ETF Fund Macquarie VIP High Income Series
Macquarie VIP Mid Cap Growth Series
MFS® VIT Total Return Series
Putnam VT George Putnam Balanced Fund
Putnam VT Large Cap Value Fund
Putnam VT Sustainable Future Fund
Putnam VT Sustainable Leaders Fund
TOPS® Balanced ETF Portfolio
TOPS® Moderate Growth ETF Portfolio
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Guaranteed lifetime periodic withdrawals up to the Protected Annual Income amount which is based upon a Protected Income Base;
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An Enhancement amount added to the Protected Income Base if certain criteria are met;
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Account Value Step-ups of the Protected Income Base to the Contract Value if the Contract Value is equal to or greater than the Protected Income Base after the Enhancement; and
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Age-based increases to the Protected Annual Income amount (after reaching a higher age-band and after an Account Value Step-up); and
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a Death Benefit payable to the Beneficiary of your Contract upon the death of the Annuitant.
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Lincoln ProtectedPaySelect Core® and Estate LockSM,
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Lincoln ProtectedPaySecure Core® and Estate LockSM.
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Lowest Annual Cost: $906
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Highest Annual Cost: $8,410
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Estate LockSM Death Benefit*
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Guaranteed Maximum Annual Charge …………………………….
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1.60%
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Lincoln ProtectedPay®with Estate LockSM**
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Guaranteed Maximum Annual Charge ………………………………
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2.75%
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1)
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If you surrender your contract at the end of the applicable time period:
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1 year
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3 years
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5 years
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10 years
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$8,430
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$25,336
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$42,245
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$84,101
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2)
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If you annuitize or do not surrender your contract at the end of the applicable time period:
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1 year
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3 years
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5 years
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10 years
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$8,430
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$25,336
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$42,245
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$84,101
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Name of Benefit
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Purpose
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Maximum Fee
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Brief Description of Restrictions/ Limitations
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Estate LockSM Death Benefit
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Works in conjunction with the Lincoln ProtectedPay® and Estate LockSM rider to provide a Death Benefit equal to the greatest of (1) Contract Value; (2) all Purchase Payments, as adjusted for Excess Withdrawals
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1.60%
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•Available only at issue, and only in conjunction with the Lincoln ProtectedPay® and Estate LockSM rider.
•Available only if 35 to 75 years of age at the time of issuance.
•Joint life option is not available.
•Excess Withdrawals could significantly reduce or terminate the benefit.
•Additional Purchase Payments may be limited
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Lincoln ProtectedPay®and Estate LockSM
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Provides:
•A combination Death Benefit and Living Benefit Rider.
•Varying income options.
•Guaranteed lifetime periodic withdrawals.
•An Enhancement to the Protected Income Base.
•Account Value Step-ups of the Protected Income Base.
•Age-based increases to the Protected Annual Income amount.
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2.75%
(as a percentage of the Fee Amount Basis)
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•Available only at issue, and only in conjunction with the Estate LockSM Death Benefit.
•Investment Requirements apply.
•Excess Withdrawals could significantly reduce or terminate the benefit.
•Any withdrawal may negatively impact or eliminate the potential for enhancements or step-ups.
•Subject to a $10 million maximum Protected Income Base across all Living Benefit Riders.
•Purchase Payments and step-ups may increase fee rate.
•Additional Purchase Payments may be limited.
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Group 1
Investments must be at least 20% of Contract Value or Account Value |
Group 2
Investments cannot exceed 80% of Contract Value or Account Value |
Group 3
Investments cannot exceed 10% of Contract Value or Account Value |
American Funds Mortgage Fund
American Funds The Bond Fund of America
American Funds U.S. Government Securities Fund
LVIP American Century Inflation Protection Fund
LVIP BlackRock Inflation Protected Bond Fund
LVIP JPMorgan Core Bond Fund
LVIP Macquarie Diversified Floating Rate Fund
LVIP Macquarie Diversified Income Fund LVIP Macquarie Limited-Term Diversified Income Fund LVIP PIMCO Low Duration Bond Fund LVIP SSGA Bond Index Fund LVIP SSGA Short-Term Bond Index Fund LVIP Vanguard Bond Allocation Fund LVIP Western Asset Core Bond Fund |
American Funds Managed Risk Asset Allocation Fund
American Funds Managed Risk Growth Fund
American Funds Managed Risk Growth-Income Fund
American Funds Managed Risk International Fund
American Funds Managed Risk Washington Mutual Investors Fund
LVIP Dimensional International Equity Managed Volatility Fund LVIP Dimensional U.S. Equity Managed Volatility Fund LVIP Global Aggressive Growth Allocation Managed Risk Fund LVIP Global Conservative Allocation Managed Risk Fund LVIP Global Growth Allocation Managed Risk Fund LVIP Global Moderate Allocation Managed Risk Fund LVIP SSGA Global Tactical Allocation Managed Volatility Fund LVIP U.S. Aggressive Growth Allocation Managed Risk Fund LVIP U.S. Growth Allocation Managed Risk Fund |
No subaccounts at this time.
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American Funds Managed Risk Asset Allocation Fund
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LVIP Macquarie Diversified Income Fund
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American Funds Mortgage Fund
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LVIP Macquarie Limited-Term Diversified Income Fund
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American Funds The Bond Fund of America
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LVIP PIMCO Low Duration Bond Fund
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American Funds U.S. Government Securities Fund
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LVIP SSGA Bond Index Fund
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LVIP American Century Inflation Protection Fund
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LVIP SSGA Global Tactical Allocation Managed Volatility Fund
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LVIP BlackRock Inflation Protected Bond Fund
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LVIP SSGA Short-Term Bond Index Fund
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LVIP Global Aggressive Growth Allocation Managed Risk Fund
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LVIP U.S. Aggressive Growth Allocation Managed Risk Fund
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LVIP Global Conservative Allocation Managed Risk Fund
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LVIP U.S. Growth Allocation Managed Risk Fund
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LVIP Global Growth Allocation Managed Risk Fund
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LVIP Vanguard Bond Allocation Fund
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LVIP Global Moderate Allocation Managed Risk Fund
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LVIP Western Asset Core Bond Fund
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LVIP JPMorgan Core Bond Fund
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LVIP Macquarie Diversified Income Fund
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LVIP Macquarie Diversified Floating Rate Fund
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LVIP Macquarie Limited-Term Diversified Income Fund
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Group 1
Investments must be at least 20% of Contract Value or Account Value |
Group 2
Investments cannot exceed 80% of Contract Value or Account Value |
American Funds Mortgage Fund
American Funds The Bond Fund of America
American Funds U.S. Government Securities Fund
LVIP American Century Inflation Protection Fund
LVIP BlackRock Inflation Protected Bond Fund
LVIP JPMorgan Core Bond Fund
LVIP Macquarie Diversified Floating Rate Fund
LVIP Macquarie Diversified Income Fund LVIP Macquarie Limited-Term Diversified Income Fund LVIP PIMCO Low Duration Bond Fund LVIP SSGA Bond Index Fund LVIP SSGA Short-Term Bond Index Fund LVIP Vanguard Bond Allocation Fund LVIP Western Asset Core Bond Fund |
American Funds Asset Allocation Fund
American Funds Capital Income Builder®
American Funds Capital World Growth and Income Fund
American Funds Global Balanced Fund
American Funds Global Growth Fund
American Funds Growth Fund
American Funds Growth-Income Fund
American Funds High-Income Trust
American Funds International Fund
American Funds International Growth and Income Fund
American Funds Managed Risk Asset Allocation Fund
American Funds Washington Mutual Investors Fund
ClearBridge Variable Large Cap Growth Portfolio
Fidelity® VIP BalancedPortfolio Fidelity® VIP FundsManager® 50% Portfolio First Trust Capital Strength Portfolio
First Trust Growth Strength Portfolio
First Trust International Developed Capital Strength Portfolio
First Trust/Dow Jones Dividend & Income Allocation Portfolio Franklin Multi-Asset Variable Conservative Growth Fund Invesco V.I. EQV International Equity Fund Lincoln Hedged S&P 500 Conservative Fund
Lincoln Hedged S&P 500 Fund
Lincoln Opportunistic Hedged Equity Fund
LVIP American Balanced Allocation Fund
LVIP American Century Balanced Fund
LVIP American Century Capital Appreciation Fund
LVIP American Century Disciplined Core Value Fund
LVIP American Century International Fund
LVIP American Century Large Company Value Fund
LVIP American Century Mid Cap Value Fund
LVIP American Century Ultra Fund
LVIP American Century Value Fund
LVIP American Growth Allocation Fund
LVIP American Income Allocation Fund LVIP BlackRock Global Allocation Fund LVIP Channing Small Cap Value Fund LVIP Dimensional International Core Equity Fund LVIP Dimensional U.S. Core Equity 1 Fund LVIP Dimensional U.S. Core Equity 2 Fund LVIP Franklin Templeton Multi-Factor International Equity Fund
LVIP Franklin Templeton Multi-Factor Large Cap Equity Fund
LVIP Franklin Templeton Multi-Factor SMID Cap Equity Fund
LVIP Global Aggressive Growth Allocation Managed Risk Fund
LVIP Global Conservative Allocation Managed Risk Fund
LVIP Global Growth Allocation Managed Risk Fund LVIP Global Moderate Allocation Managed Risk Fund LVIP Government Money Market Fund LVIP JPMorgan High Yield Fund
LVIP JPMorgan Mid Cap Value Fund
LVIP JPMorgan Retirement Income Fund
LVIP JPMorgan Small Cap Core Fund
LVIP JPMorgan U.S. Equity Fund
LVIP Macquarie High Yield Fund
LVIP Macquarie Wealth Builder Fund
LVIP SSGA Conservative Index Allocation Fund
LVIP SSGA Global Tactical Allocation Managed Volatility Fund LVIP SSGA International Index Fund LVIP SSGA Mid-Cap Index Fund LVIP SSGA Moderate Index Allocation Fund LVIP SSGA Moderately Aggressive Index Allocation Fund LVIP SSGA S&P 500 Index Fund LVIP SSGA Small-Cap Index Fund
LVIP Structured Conservative Allocation Fund
LVIP Structured Moderate Allocation Fund
LVIP Structured Moderately Aggressive Allocation Fund
LVIP U.S. Aggressive Growth Allocation Managed Risk Fund
LVIP U.S. Growth Allocation Managed Risk Fund
LVIP Vanguard Domestic Equity ETF Fund LVIP Vanguard International Equity ETF Fund Macquarie VIP High Income Series
Macquarie VIP Mid Cap Growth Series
MFS® VIT Total Return Series
Putnam VT George Putnam Balanced Fund
Putnam VT Large Cap Value Fund
Putnam VT Sustainable Future Fund
Putnam VT Sustainable Leaders Funds
TOPS® Balanced ETF Portfolio
TOPS® Moderate Growth ETF Portfolio
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a.)
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Limits to maximum Purchase Payments;
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b.)
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Appendix A - Funds Available Under The Contract; and
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c.)
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Appendix B - Investment Requirements.
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Investment Objective
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Fund and Adviser/Sub-adviser
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Current Expenses
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Average Annual Total
Returns (as of 12/31/2023)
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1 year
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5 year
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10 year
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Long-term capital growth.
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LVIP American Century Ultra Fund - Standard Class
advised by Lincoln Financial Investments Corporation |
0.65%1
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N/A
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N/A
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N/A
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