Lincoln Level Advantage 2 Income Advisory with ProtectedPay Select and Estate Lock

The Lincoln National Life Insurance Company, created in 1905, finds itself within the life insurance and retirement planning market. Above all, they seek to provide a variety of retirement solutions, including annuities and life insurance in particular. By selling a vast array of investment products, such as various forms of life insurance (term, universal, and variable) and annuities (fixed, indexed, and variable), the company strives to make retirees as financially secure as possible. Their services can go from short-term protection to long-term wealth accumulation, an example of their customizability. Over the years, they have acquired various insurance companies, like American State and Safeco, to inflate its geographic reach.

Lincoln Level Advantage 2 Income Advisory with ProtectedPay Select and Estate Lock

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About Product

Type

Registered Index-Linked

Purpose

Lifetime Income & Legacy

Surrender schedule

No Surrender Charge

Fee withdrawal:

100%

Market Value Adjustment

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$2,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, Traditional IRA, IRA-Roth, Roth Conversion (Partial), and Roth Conversion (Full)

Launch Date

09/15/2025

Lincoln Level Advantage 2 Income is an index-linked annuity. Annuities are long-term investment products that offer tax-deferred growth, lifetime income, and death benefit protection. To decide if Lincoln Level Advantage 2 Income is right for you, consider that its value will fluctuate; it is subject to investment risk and possible loss of principal. All guarantees, including those for optional features, are subject to the claims-paying ability of the issuer.

Secure Lock+
The Secure Lock+ feature allows you to lock in your current account value each year of an indexed term. The locked in account value of your indexed account will not move due to any market fluctuations, positive or negative, until your next monthly contract anniversary. At your next monthly contract anniversary date, your indexed account will reset with a new protection level and rate and a new starting index value. Or you can opt to delay the reset until the next indexed anniversary.
Secure Lock+ is not available on dual plus or annual lock accounts or during the income phase of the Lincoln ProtectedPay rider.

Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, GU, 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, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
6-Year S&P 500 Dual10 Plus with Cap	Dual10 Plus 6-Year
6-Year Russell 2000 Dual15 Plus with Cap	Dual15 Plus 6-Year	150% Cap
6-Year Capital Strength Net Fee Dual15 Plus with Cap	Dual15 Plus 6-Year	200% Cap
6-Year First Trust American Leadership Dual15 Plus with Cap	Dual15 Plus 6-Year	200% Cap
6-Year S&P 500 Dual15 Plus with Cap	Dual15 Plus 6-Year	200% Cap
1-Year Russell 2000 Dual Performance Triggered 10% Buffer	Dual Performance Trigger (RILA) Annual	8.5% Performance triggered
1-Year Capital Strength Net Fee Index Dual Performance Triggered 10% Buffer	Dual Performance Trigger (RILA) Annual	7.5% Performance triggered
1-Year First Trust American Leadership Dual Performance Triggered 10% Buffer	Dual Performance Trigger (RILA) Annual	7.75% Performance triggered
1-Year Capital Group Growth ETF Dual Performance Triggered 10% Buffer	Dual Performance Trigger (RILA) Annual	9.5% Performance triggered
1-Year Capital Group Global Growth Equity ETF Dual Performance Triggered 10% Buffer	Dual Performance Trigger (RILA) Annual	8.5% Performance triggered
1-Year S&P 500 Dual Performance Triggered 10% Buffer	Dual Performance Trigger (RILA) Annual	7.75% Performance triggered
6-Year S&P 500 Annual Lock Cap 10% Buffer	Annual Lock 6-Year	15% Cap
6-Year Russell 2000 Annual Lock Cap 10% Buffer	Annual Lock 6-Year	16.5% Cap
1-Year First Trust American Leadership PTP Cap 10% Buffer	Point to Point Annual	21% Cap
6-Year Russell 2000 PTP Cap 20% Buffer	Point to Point 6-Year	500% Cap
1-Year Capital Strength Net Fee PTP Cap 15% Buffer	Point to Point Annual	12.25% Cap
1-Year Russell 2000 PTP Cap 10% Buffer	Point to Point Annual	23% Cap
1-Year S&P 500 PTP Cap 100% Buffer	Point to Point Annual	8% Cap
1-Year S&P 500 PTP Cap 20% Buffer	Point to Point Annual	13.25% Cap
1-Year S&P 500 PTP Cap 15% Buffer	Point to Point Annual	15.5% Cap
1-Year S&P 500 PTP Cap 10% Buffer	Point to Point Annual	18% Cap
6-Year S&P 500 PTP Cap 25% Buffer	Point to Point 6-Year	350% Cap
6-Year S&P 500 PTP Cap 15% Buffer	Point to Point 6-Year
6-Year S&P 500 PTP Cap 20% Buffer	Point to Point 6-Year	500% Cap
6-Year S&P 500 PTP Cap 30% Buffer	Point to Point 6-Year	250% Cap
6-Year First Trust American Leadership PTP Cap 25% Buffer	Point to Point 6-Year	350% Cap
6-Year First Trust American Leadership PTP Cap 15% Buffer	Point to Point 6-Year
6-Year First Trust American Leadership PTP Cap 30% Buffer	Point to Point 6-Year	250% Cap
6-Year First Trust American Leadership PTP Cap 20% Buffer	Point to Point 6-Year	500% Cap
6-Year Capital Strength Net Fee PTP Cap 25% Buffer	Point to Point 6-Year	350% Cap
6-Year Capital Strength Net Fee PTP Cap 30% Buffer	Point to Point 6-Year	250% Cap
6-Year Russell 2000 PTP Cap 15% Buffer	Point to Point 6-Year
1-Year Capital Strength Net Fee PTP Cap 10% Buffer	Point to Point Annual	18.5% Cap
6-Year Capital Strength Net Fee PTP Cap 15% Buffer	Point to Point 6-Year
6-Year Russell 2000 PTP Cap 30% Buffer	Point to Point 6-Year	250% Cap
6-Year Russell 2000 PTP Cap 25% Buffer	Point to Point 6-Year	350% Cap
1-Year MSCI EAFE PTP Cap 10% Buffer	Point to Point Annual	23% Cap
3-Year Capital Strength Net Fee PTP Participation Rate 10% Buffer	Point to Point Triennial	115% Participation
3-Year First Trust American Leadership PTP Participation Rate 10% Buffer	Point to Point Triennial	115% Participation
3-Year S&P 500 PTP Participation Rate 10% Buffer	Point to Point Triennial	110% Participation
6-Year Russell 2000 PTP Participation Rate 10% Buffer	Point to Point 6-Year	120% Participation
6-Year MSCI EAFE PTP Participation Rate 10% Buffer	Point to Point 6-Year	115% Participation
6-Year Capital Strength Net Fee PTP Participation Rate 10% Buffer	Point to Point 6-Year	130% Participation
6-Year First Trust American Leadership PTP Participation Rate 10% Buffer	Point to Point 6-Year	120% Participation
6-Year S&P 500 PTP Participation Rate 10% Buffer	Point to Point 6-Year	115% Participation
1-Year Capital Group Global Growth Equity ETF PTP Cap 15% Buffer	Point to Point Annual	15% Cap
1-Year Capital Group Growth ETF PTP Cap 10% Buffer	Point to Point Annual	19.5% Cap
1-Year Capital Group Growth ETF PTP Cap 15% Buffer	Point to Point Annual	16.5% Cap
1-Year Capital Group Global Growth Equity ETF PTP Cap 10% Buffer	Point to Point Annual	17% Cap
1-Year First Trust American Leadership PTP Cap 15% Buffer	Point to Point Annual	17% Cap
6-Year Capital Strength Net Fee PTP Cap 20% Buffer	Point to Point 6-Year	500% Cap
1-Year S&P 500 Performance Triggered 10% Buffer	Performance Triggered Annual	12.75% Performance triggered
1-Year S&P 500 Performance Triggered 15% Buffer	Performance Triggered Annual	10.5% Performance triggered
1-Year S&P 500 Performance Triggered 20% Buffer	Performance Triggered Annual	10% Performance triggered
1-Year Capital Group Global Growth Equity ETF Performance Triggered 10% Buffer	Performance Triggered Annual	12.25% Performance triggered
1-Year Capital Group Growth ETF Performance Triggered 15% Buffer	Performance Triggered Annual	12.25% Performance triggered
1-Year Capital Group Growth ETF Performance Triggered 10% Buffer	Performance Triggered Annual	13.75% Performance triggered
1-Year Capital Group Global Growth Equity ETF Performance Triggered 15% Buffer	Performance Triggered Annual	11% Performance triggered

Riders

Name	Inbuilt	Fee
Estate Lock Death Benefit	Yes	0.45% annually (1.60% max)
Lincoln ProtectedPay Select (Single) with Estate Lock Death Benefit	Yes	1.45% annually (2.75% max)

Waivers

RMD

RMD withdrawals are not treated as excess withdrawals when taken as systematic payments under the insurer’s program and subject to specific conditions; otherwise, amounts exceeding the permitted limit, including RMDs, may incur charges.

Premium Notes

Issue ages

Minimum issue age 45
Maximum issue age 85
Minimum age for starting lifetime income is age 59

With Estate Lock, the minimum issue age is 45, maximum age is 75 and it’s available for single life only.

Withdrawal Provisions

Accessing your moneyDuring the Accumulation Phase you can surrender the Contract or withdraw part of the Contract Value. If you make an early withdrawal, including the deduction of advisory fees, you may have to pay taxes and a tax penalty if you are younger than 59½. No interest will be credited to funds withdrawn or surrendered before the end of an Indexed Term. Additionally, if you withdraw from an Indexed Segment prior to its End Date, you will be subject to a Contract Adjustment based on the Interim Value.

Company Founded: 1905

Excellent Rated Company

Lincoln Financial

Company Ratings