Lincoln Covered Choice 5 II Advisory
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Highlights
Lincoln Covered Choice Advisory 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
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
5 Years |
|
Surrender schedule
|
2%2%2%2%2% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$10,000 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, 1035 Exchange, Stretch IRA, and NQ Stretch |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.25%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
8%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
5.15%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10.5%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
9.15%
Performance triggered
|
| 1-Year S&P 500 Dual Performance Triggered |
Dual Performance Trigger (FIA)
Annual
|
6.5%
Performance triggered
|
| 1-Year S&P 500 Dual Performance Triggered |
Dual Performance Trigger (FIA)
Annual
|
7.9%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 2% | 2% | 2% | 2% | 2% |