Lincoln Flex Advantage 5 (CA Only)
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Highlights
One of the unique advantages of Lincoln FlexAdvantage is the flexibility it offers to adapt to your needs and goals. You can allocate your money between six different account options, with the ability to reallocate every year on your contract anniversary. And whether your retirement is years away or just around the corner, you’ll be able to add money anytime you want. By adding more money, you’ll have the opportunity to accelerate your account growth throughout your journey.
Available in states:
CA
|
Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation |
|
Term
|
5 Years |
|
Surrender schedule
|
9.25%8.25%7.25%6.25%5.2% |
|
Free withdrawal
|
10% |
| Flexible premium | Product Life |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
03/16/2020 |
|
Minimum contribution
|
$10,000 |
|
Maximum contribution
|
$2,000,000 |
|
Max Age Qualified
|
85 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, 1035 Exchange, Stretch IRA, and NQ Stretch |
Brochure
|
Open brochure |
Find out if the Lincoln Flex Advantage 5 (CA Only) is the right product for you.
Premium Notes
Initial Premium
Minimum: $10,000;
Additional premiums
Up to $25,000 each contract year (minimum $50, Maximum of $100,000 cumulative additional premiums.). Additional premiums are applied to the Fixed Account and can be moved during the reallocation period. Additions are allowed any time until the maturity date.
Minimum: $10,000;
Additional premiums
Up to $25,000 each contract year (minimum $50, Maximum of $100,000 cumulative additional premiums.). Additional premiums are applied to the Fixed Account and can be moved during the reallocation period. Additions are allowed any time until the maturity date.
Withdrawal Provisions
Partial surrenders
Beginning in the first contract year, up to 10% of your account value may be withdrawn each contract year without incurring charges. Withdrawals are subject to income taxes, and if withdrawn before age 59 1⁄2, an additional 10% federal tax may apply. In addition, a surrender charge and a Market Value Adjustment will apply during the surrender charge period.
Market Value Adjustment (MVA)
A positive or negative adjustment based on the current interest rate environment at the time of the surrender. The MVA does not apply to withdrawals after the surrender charge period, 10% annual free withdrawal, the death benefit or annuitized contracts.
Beginning in the first contract year, up to 10% of your account value may be withdrawn each contract year without incurring charges. Withdrawals are subject to income taxes, and if withdrawn before age 59 1⁄2, an additional 10% federal tax may apply. In addition, a surrender charge and a Market Value Adjustment will apply during the surrender charge period.
Market Value Adjustment (MVA)
A positive or negative adjustment based on the current interest rate environment at the time of the surrender. The MVA does not apply to withdrawals after the surrender charge period, 10% annual free withdrawal, the death benefit or annuitized contracts.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.8%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.25%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
| 1-Year S&P 500 DRC 5% PTP Spread |
Point to Point
Annual
|
1%
Spread
|
| 1-Year Fidelity AIM Dividend PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
|
| 1-Year BlackRock Dynamic Allocation PTP Participation Rate |
Point to Point
Annual
|
165%
Participation
|
| 1-Year BlackRock Dynamic Allocation PTP Participation Plus |
Point to Point
Annual
|
165%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
7.65%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
4.4%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.75%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
55%
Participation
|
| 1-Year S&P 500 DRC 5% PTP Spread |
Point to Point
Annual
|
0.75%
Spread
|
| 1-Year Fidelity AIM Dividend PTP Participation Rate |
Point to Point
Annual
|
175%
Participation
|
| 1-Year BlackRock Dynamic Allocation PTP Participation Rate |
Point to Point
Annual
|
190%
Participation
|
| 1-Year BlackRock Dynamic Allocation PTP Participation Plus |
Point to Point
Annual
|
190%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
8.15%
Performance triggered
|
| 1-Year S&P 500 Dual Trigger |
Dual Performance Trigger (FIA)
Annual
|
6%
Performance triggered
|
| 1-Year S&P 500 Daily Risk Control 10% ER Performance Trigger |
Performance Triggered
Annual
|
9.25%
Performance triggered
|
| 1-Year S&P 500 Dual Trigger |
Dual Performance Trigger (FIA)
Annual
|
7.25%
Performance triggered
|
| 1-Year S&P 500 Daily Risk Control 10% ER Performance Trigger |
Performance Triggered
Annual
|
10.5%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% |
Riders
No Riders for Lincoln Flex Advantage 5 (CA Only) annuity.
Waivers
Nursing Home
Unavailable in states: MA
Allows access to account value without a surrender charge or MVA if certain conditions are met. Please see the Disclosure Statement for necessary criteria and conditions. The nursing home waiver does not include home health care.
Terminal Illness
Unavailable in states: MA
Allows access to account value without a surrender charge or MVA if certain conditions are met. Please see the Disclosure Statement for necessary criteria and conditions.
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