Fixed Annuities

FOR INCOME Fixed and Fixed Indexed Annuities

Fixed Annuities

Products At-A-Glance

The Lincoln National Life Insurance Company Advisor Guide
Lincoln Life & Annuity Company of New York
For agent or broker use only. Not for use with the public.
Not a deposit Not FDIC-insured May go down in value
Not insured by any federal government agency
Not guaranteed by any bank or savings association

2063983

For more information, Fixed indexed annuities 
please contact Lincoln
Financial Distributors: Premium bonus Guaranteed minimum fixed Issue ages
credited to interest rate (nonqualifie
Fixed Annuity sales paid premium and qualifie
888 895-4830, option 2 Premium Available accounts During surrender After surrender 0 – 85
[email protected] (Call for current rates.) charge period charge period

Lincoln New Directions® 6 and 8 (six-year and eight-year fixed interest rate guarantee)

All applicable N/A Fixed Account 1.00% 1% – 3%
premiums 2-Year Point-To-Point Indexed
Performance Triggered Indexed3

Lincoln OptiChoiceSM 5, 7 and 9 and Lincoln OptiChoiceSM NY 5, 7 and 9

All applicable N/A Fixed Account 1.00% 1% – 3% 0 – 85
Performance Triggered Indexed3 9-year 0 – 80
premiums 1-Year Monthly Cap Indexed

(not available in NY)
1-Year Monthly Average Indexed
(not available in NY)

Lincoln OptiPoint ® 8 and 10

All applicable 8-year: <$100K years 1–3 = 2% Fixed Account 1.00% 1% – 3% 8-year 0–8
premiums ≥ $100K years 1–3 = 3% 2-Year Point-To-Point Indexed 10-year 0–8
2-Year Monthly Cap Indexed
10-year: <$100K years 1–4 = 3% Performance Triggered Indexed3
≥ $100K years 1–4 = 4%

Fixed annuities with long-term care (LTC) benefits

Guaranteed minimum interest rate

During surrender charge period After Issue Minimum Surrender charges
guaranteed ages premium
Premium non-NY NY period non-NY NY Death benefit

Lincoln Long-Term CareSM (seven-year fixed interest rate guarantee)

All applicable 1.00% N/A 1%–3% 45–74 $50,000 non- 7 years: N/A A death benefit w
premiums qualified only, 8, 8, 7, 6, 5, 4, 3% be an amount equ
no additional to the accumulatio
value.

For agent or broker use Fixed annuities
only. Not for use with
the public. First-year Guaranteed minimum interest rate
interest rate bonus
1 A vailable for qualified (IRA and Roth non-NY & NY During surrender charge period After surrender Issue ages
IRA) and nonqualified money. charge period (nonqualified
Premium non-NY NY and qualified)
2 MVA and rider availability will vary Life only: 15 – 80
by state. Both do not apply in the state Lincoln Insured IncomeSM Immediate Annuity SPIA Life with period certain: 15
of NY Period certain: 0 – 95

3 This account is not available for First-year Guaranteed minimum interest rate
contracts issued in WA. interest rate
Premium bonus During guaranteed period NY After Issue ages Minimum premium1
4 Available at an additional annual charge non-NY NY non-NY guaranteed (nonqualified
(0.65%). Not available in New York period and qualified)

5  Interest rate guarantee periods may Lincoln MYGuaranteeSM Plus (3- to 10-year fixed interest rate guarantee5)
not all be available at the same time
and are subject to state availability. All applicable N/A N/A All guarantee All guarantee 1% – 3% 0 – 85 $10,000 nonqualifie
premiums periods 1.00% periods 1.00% and qualified;
6  U nscheduled payments not available in no additional
New York. Unscheduled payments will
reduce subsequent scheduled payments Lincoln SmartIncome SM Inflation Annuity
and the guaranteed minimum scheduled
payment in proportion to the amount Access Income Guarantee Issue ages (nonqualified
of reduction of the Reserve Value. First income payment and qualified)
Amounts withdrawn in excess of 10% Account Value is available Guaranteed to track annually with inflation. received equals the
of the Reserve Value are subject to after seven years, free of any Payments are adjusted annually based on the CPI-U lowest payment. Nonqualified:
unscheduled payment charges and may penalties or unscheduled Index. Guarantees are backed by the claims-paying 50–85 single or joint an
reduce the Reserve Value by more than payment charges6 ability of The Lincoln National Life Insurance Company. Qualified:
the actual withdrawal amount. 50–85 single annuitants
50–75 joint annuitants
For state availability, access
www.LFD.com.

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ed Surrender charges Death benefit Features/benefits2
ed) Minimum premium1 (MVA may apply)2

$10,000 nonqualified and qualified; no additional 6 years: 9 , 8, 7, 6, 4.75, Equal to the greater of 10% free withdrawal without MVA or surrender charge for each
3.5% the accumulation value or contract year, beginning year one; systematic withdrawals from
the guaranteed minimum Fixed Account; Nursing Home and Terminal Illness Riders; Lincoln
8 years: 9 , 8, 7, 6, 4.75, nonsurrender value Lifetime IncomeSM Edge4
3.5, 2, 0.75%

$5,000 nonqualified; $2,000 qualified; minimum of 5 years: 9, 8, 7, 6, 5% Equal to the greater of 10% free withdrawal without MVA (MVA does not apply in New
$50 additional; maximum of $25,000 each policy 7 years: 9, 8, 7, 6, 5, 4, 3% the accumulation value or York) or surrender charge for eachcontract year, beginning year one;
0 year might be enforced — will be automatically 9 years: 9, 8, 7, 6, 5, 4, 3, the guaranteed minimum systematic withdrawals from Fixed Account; Nursing Home and

allocated to the Fixed Account until the end of the 2, 1% nonsurrender value. Terminal Illness Riders; Lincoln Lifetime IncomeSM Edge4
contract year, when money can be reallocated. Equal to accumulation
value in New York

85 $5,000 nonqualified; $2,000 qualified; minimum of 8 years: 9 , 8, 7, 6, 5, 4, Equal to the greater of 10% free withdrawal without MVA or surrender charge for each
$50 additional; maximum of $25,000 each policy 3, 2% the accumulation value or contract year, beginning year one; systematic withdrawals from
80 year may be enforced — will be automatically 10 years: 1 0, 9, 8, 7, 6, 5, 4, the guaranteed minimum Fixed Account; Nursing Home and Terminal Illness Riders; Lincoln

allocated to the Fixed Account until the end of the 3, 2, 1% nonsurrender value Lifetime IncomeSM Edge4
contract year, when money can be reallocated.

Features/benefits

will 10% free withdrawal without surrender charge available each contract year, beginning year one; systematic withdrawals available (Withdrawals taken for purposes other than for
ual LTC benefits will reduce total LTC benefits.)
on LTC benefits

Double leverage or triple leverage option available. Provides two or three times your premium in long-term care benefits, depending on which option you choose. Contract growth
will also be added to your long-term care benefit.
Total LTC benefits are paid over a minimum of six years. Maximum monthly LTC benefits are available after the fifth contract anniversary. Lower monthly LTC benefits payments
may be received after the first contract anniversary for an extended duration to still get the Total LTC benefits. Additionally, before LTC benefit payments are received, a 90-day
deductible period must first be satisfied.
Refer to Client Guide and Facts At-A-Glance for information regarding charges and eligibility requirements for LTC benefits.

5 – 85 Minimum premium1 Surrender charges NY Death benefit Features/benefits2
Life: $25,000; (MVA may apply)2 N/A N/A Up to 12-month payment deferral; payment amounts fixed for chosen term; no extra liquidity
Period certain: non-NY provisions
$10,000
N/A

Surrender charges NY Death benefit Features/benefits2
(MVA may apply)2 10% free withdrawal without MVA or surrender charge available each contract year,
1 non-NY beginning year one; systematic withdrawals available

ed 3 — 7, 7, 6% 3 — 7, 6, 5% A death benefit will be
4 — 7, 7, 6, 5% 4 — 7, 6, 5, 4% an amount equal to the
5 — 7, 7, 6, 5, 4% 5 — 7, 6, 5, 4, 3% accumulation value.
6 — 7, 7, 6, 5, 4, 3% 6 — 7, 6, 5, 4, 3, 2%
7–10 — 7, 7, 6, 5, 4, 3, 2% 7–10 — 7, 6, 5, 4, 3, 2, 1%

d Minimum premium1 Unscheduled payment Death benefit Features/benefits2
$50,000 nonqualified/ charges Reserve Value or single premium paid, Trail compensation available. Emergency withdrawals of up to 10% of the
nnuitants qualified 7 years: less all scheduled and unscheduled Reserve Value can be taken as an unscheduled payment each contract year
s 7, 7, 7, 6, 5, 4, 3% payments (including unscheduled without contract-imposed charges, as long as the Reserve Value is greater
payment charges), and less any than $0.6 Nursing Home and Terminal Illness Riders.
deduction for taxes.

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For more information, please contact Lincoln Financial Distributors:

Fixed Annuity sales
888 895-4830, option 2
[email protected]

Not a deposit Important disclosures. Please read. AE-227, or state variation), Long-Term Care Coverage
Not FDIC-insured Endorsement (form AE-235, or state variation) and Contract
Not insured by any federal This material was prepared to support the Amendment for Long-Term Care Benefits (form AE-236, or
government agency promotion and marketing of insurance prod- state variation) are issued by The Lincoln National Life Insurance
Not guaranteed by any bank ucts. Lincoln Financial Group® affiliates, their Company, Fort Wayne, IN, and distributed by Lincoln Financial
or savings association distributors, and their respective employees, Distributors, Inc., a broker/dealer. The Lincoln National Life
May go down in value representatives, and/or insurance agents do Insurance Company does not solicit business in the state
not provide tax, accounting, or legal advice. of New York, nor is it authorized to do so.
©2012 Lincoln National Corporation Any tax statements contained herein were not
intended or written to be used, and cannot be Lincoln MYGuaranteeSM Plus (contract form 09-612MYNY), Lincoln
www.LincolnFinancial.com used for the purpose of avoiding U.S. federal, SmartIncomeSM Inflation Annuity (contract form 07-611NY), and
state, or local tax penalties. Please consult Lincoln Insured IncomeSM Immediate Annuity SPIA (contract
Lincoln Financial Group is the your own independent advisor as to any tax, form 94-512NY), Lincoln OptiChoiceSM NY (contract form
marketing name for Lincoln National accounting, or legal statements made herein. 05-606NY)contracts sold in New York are issued by Lincoln Life &
Corporation and its affiliates. Annuity Company of New York, Syracuse, NY, and distributed by
Fixed and fixed indexed annuities are insurance products intended Lincoln Financial Distributors, Inc., a broker/dealer. Contractual
Affiliates are separately for retirement or other long-term needs. They are intended for obligations are backed by the claims-paying ability of
responsible for their own financial people who have sufficient cash or other liquid assets for living Lincoln Life & Annuity Company of New York.
and contractual obligations. expenses and unexpected emergencies, such as medical expenses.
Fixed indexed annuities are not registered securities or stock market Contract may be referred to as “certificate” in certain states. The
LCN1202-2063983 investments and do not directly participate in any stock or equity certificate is a group annuity certificate issued under a group
POD 8/12 Z10 investments, or index. The index used, the S&P 500® Index, is a price annuity contract issued by The Lincoln National Life Insurance
Order code: FA-GDE1-BRC001 index and does not reflect dividends paid on the underlying stocks. Company to a group annuity trust.

Contract also known as policy. Contract value also known as Waiver of Surrender Charges for Nursing Home Confinement Rider
accumulation value. and Waiver of Surrender Charges for Terminal Illness Rider (forms
AE-119, AE-119NY, and forms AE-170, AE-170NY, respectively, or
Fixed interest rates, specified rates, indexed interest caps, monthly state variation). Nursing home rider is not available in MA.
indexed caps, and indexed interest spreads are declared by
The Lincoln National Life Insurance Company at its discretion. Lincoln Lifetime IncomeSM Edge is provided through the
Subsequent fixed interest rates, specified rates, indexed interest Guaranteed Lifetime Withdrawal Benefit (GLWB) rider (form
caps, monthly indexed caps, and indexed interest spreads may be AE-245 or state variation) for an additional charge and is subject
higher or lower than the initial and may differ from those used to rider issue age limits, which may differ from the annuity
for new contracts or for other contracts issued at different times contract issue age limits.
during the surrender charge period. After the surrender charge
period, Lincoln reserves the right not to offer any of the indexed Products and features may not be available in all states.
accounts. For Lincoln OptiChoiceSM only: During the surrender Limitations and exclusions may apply.
charge period, we reserve the right not to offer any one of the
indexed accounts, leaving at least two indexed accounts available. Unlike income payments received with a traditional annuitization,
Guaranteed Payment Amounts provided by Lincoln Lifetime
Lincoln OptiChoiceSM flexible premium deferred annuity IncomeSM Advantage are treated as withdrawals.
(contract form 05-606, or state variation), Lincoln OptiPoint®
flexible premium deferred annuity (contract form 06-610, Any withdrawal in excess of the 10% free withdrawal will be
or state variation), Lincoln New Directions® single premium subject to applicable surrender charges and a Market Value
deferred annuity (contract form 94-523, or state variation), Adjustment. The Market Value Adjustment is a positive or negative
Lincoln MYGuaranteeSM Plus single premium deferred fixed adjustment, based on the current interest rate environment at the
annuity (contract form 09-612MY, or state variation), Lincoln time of the surrender. The MVA does not apply to: withdrawals
SmartIncomeSM Inflation Annuity (contract form 07-611 or state after the surrender charge period, 10% free withdrawals, the
variation), and Lincoln Insured IncomeSM Immediate Annuity death benefit, annuitized contracts, and contracts issued in
SPIA (contract form 94-512, or state variation) are issued by The certain states. All withdrawals are subject to income taxes and, if
Lincoln National Life Insurance Company, Fort Wayne, IN, and withdrawn before age 59½, a 10% federal penalty tax may apply.
distributed by Lincoln Financial Distributors, Inc., a broker/dealer.
Products may not be available in all states (fixed indexed annuities The exact terms of the annuity are contained in the contracts and
may be referred to as “equity indexed annuities” in certain any attached riders, amendments and endorsements which will
states). The Lincoln National Life Insurance Company does control the issuer’s contractual obligations. For complete information
not solicit business in the state of New York, nor is it about an annuity, please also read its Disclosure Statement, Client
authorized to do so. Contractual obligations are backed Guide, and Facts At-A-Glance.
by the claims-paying ability of The Lincoln National Life
Insurance Company. There is no additional tax-deferral benefit for annuity contracts
purchased in an IRA or other tax-qualified plan, since these are
Lincoln Long-Term CareSM Fixed Annuity (contract form 06-608, or already afforded tax-deferred status. Therefore, an annuity should
state variation) with Long-Term Care Benefits Rider (form only be purchased in an IRA or qualified plan if the client values
some of the other features of the annuity.

For agent or broker use only.
Not for use with the public.

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