Lincoln Covered Choice 5 II
In the complex world of retirement planning, annuities stand out as a popular choice for those seeking steady income streams in their golden years. Amidst a crowded market, a few annuity companies have distinguished themselves through their robust financial strength, customer service excellence, and diverse product offerings.
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Lincoln Covered Choice 5 II fixed indexed annuity is a flexible premium deferred annuity that offers several features to help meet accumulation and income needs.
Scheduled maturity date
The later of the 10th contract anniversary or the anniversary on or immediately following the annuitant’s 95th birthday. Maturity date may be changed to any date after the fifth contract year.
Scheduled maturity date
The later of the 10th contract anniversary or the anniversary on or immediately following the annuitant’s 95th birthday. Maturity date may be changed to any date after the fifth contract year.
Available in states:
AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
4%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8%
Cap
|
1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
7.6%
Performance triggered
|
1-Year Fixed Account |
Fixed
|
4.75%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9%
Cap
|
1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
8.9%
Performance triggered
|
1-Year S&P 500 Dual Performance Triggered |
Dual Performance Trigger (FIA)
Annual
|
6.25%
Performance triggered
|
1-Year S&P 500 Dual Performance Triggered |
Dual Performance Trigger (FIA)
Annual
|
7.65%
Performance triggered
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 |
---|---|---|---|---|---|
Penalty | 8% | 8% | 7% | 6% | 5% |