Lincoln Core Capital
Highlights
|
Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation |
|
Term
|
5 Years |
|
Surrender schedule
|
2%2%2%2%2% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
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, and 1035 Exchange |
Brochure
|
Open brochure |
Find out if the Lincoln Core Capital is the right product for you.
Withdrawal Provisions
Beginning in the first contract year, up to 10% of the contract value may be withdrawn each contract year without incurring a charge. Withdrawals are subject to income taxes, and if withdrawn before age 59½, an additional 10% federal tax may apply.
Systematic withdrawals
Withdrawals can be taken annually, semiannually, quarterly or monthly, and are taken from the Fixed Account first.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 5-Year Fixed Account |
Fixed
|
4.5%
Fixed
|
| 5-Year Fixed Account (CA Only) |
Fixed
|
4.5%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.75%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
8%
Performance triggered
|
| 5-Year Fixed Account |
Fixed
|
5.45%
Fixed
|
| 5-Year Fixed Account (CA Only) |
Fixed
|
5.45%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.75%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
9.25%
Performance triggered
|
| 1-Year S&P 500 Dual Trigger |
Dual Performance Trigger (FIA)
Annual
|
6.75%
Performance triggered
|
| 1-Year S&P 500 Dual Trigger |
Dual Performance Trigger (FIA)
Annual
|
8.25%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 2% | 2% | 2% | 2% | 2% |
Riders
No Riders for Lincoln Core Capital annuity.
Waivers
Death
Death Benefit available. Upon Death of the, Owner, or Joint Owner, if any, die before annuity payments begin, a death benefit may be payable to the beneficiary consisting of an amount equal to the greater of the accumulation value or the guaranteed minimum non-surrender value.
Nursing Home
Unavailable in states: MA
Allows access to accumulation value without surrender charge or MVA if certain conditions are met.
Terminal Illness
Unavailable in states: MA
Allows access to accumulation value without surrender charge or MVA if certain conditions are met.
Annuitization
You have the option, after the second contract year, to annuitize your full contract value without an MVA or surrender charge utilizing a number of income payment options, including an income that cannot be outlived.
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