The Lincoln National Life Insurance Co.The Lincoln Lincoln, city and district, England Lincoln, city (1991 pop. 79,980) and district, Lincolnshire, E England, in the Parts of Kesteven, on the Witham River. National Life Insurance Co. has introduced Lincoln SmartSecurity Advantage, a guaranteed minimum withdrawal benefit that offers both downside protection Downside Protection Generally used in connection with covered call writing, this is the cushion against loss, in case of a price decline by the underlying security, that is afforded by the written call option. and the ability to lock in market gains automatically on an annual basis. Available for an additional fee, the benefit offers a choice of Lincoln's traditional five-year step-up step-up A scheduled increase in the exercise or conversion price at which a warrant, an option, or a convertible security may be used to acquire shares of common stock. option, which allows withdrawals up to 7% of the guaranteed amount a year, or the new annual option, which steps-up the guaranteed amount if the account value is greater than the previous guaranteed amount and allows 5% withdrawals annually. |
|
||||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion