Lincoln Select
Highlights
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Premium Type
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Single Premium
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|---|---|
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Max age Qualified
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85
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Minimum Contribution
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$10,000
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Maximum Contribution
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$2,000,000
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Market value adjustment
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Return of premium
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|
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Free withdrawal
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10% |
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Launch date
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09/14/2020 |
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Types of funds
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Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, 1035 Exchange, Stretch IRA, and NQ Stretch |
Brochure
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Open brochure |
Combined with a tax-deferred advantage
Lincoln Select combines predictable growth and protection with a tax-deferred advantage. Since you won’t be taxed until you make withdrawals from the contract, there’s potential to earn more than you might with taxable products, like a CD.
Partial surrender
During the surrender charge period, 10% of the accumulation value is available per contract year. This partial surrender can be taken without a Market Value Adjustment (MVA) or surrender charge.
If the withdrawal takes the accumulation value below $5,000, it may be treated as a full surrender.
Market Value Adjustment (MVA)
An MVA and a surrender charge will apply if you access more than the 10% free withdrawal before the end of the initial interest rate guarantee period. The MVA is a positive or negative adjustment based on the current interest rate environment at the time of surrender. The MVA does not apply to withdrawals after the surrender charge period, 10% free withdrawals, the death benefit, or when the contract is annuitized.
Death benefit
Once the contract owner or annuitant dies, beneficiaries receive the accumulation value. The death benefit is only available before the contract is annuitized. The death benefit is subject to any applicable taxes.
Find out if the Lincoln Select is the right product for you.
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 5 years | 4.45% |
| 7 years | 4.55% |
Traditional Fixed Annuity Interest Rates
| Surrender Years | First Year Yield | Term Guaranteed Yield | Term Current Yield |
|---|---|---|---|
| 7 | 3.25% | 3.25% | 3.25% |
Riders
No Riders for Lincoln Select annuity.
Waivers
Nursing Home
Unavailable in states: MA
If you have a qualifying medical need, Lincoln Select has a nursing home and terminal illness provision that allows you to access your money without charges, after the first contract year.
Terminal Illness
If you have a qualifying medical need, Lincoln Select has a nursing home and terminal illness provision that allows you to access your money without charges, after the first contract year.
Annuitization
Before the maturity date and after the fifth contract anniversary (state variations apply), the contractowner may choose from the payment options offered with the contract or from any of the standard income payment options then offered by Lincoln. The amount available for annuitization is equal to the accumulation value (MVA and surrender charge do not apply).
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