What is the i2Live Annuity?
The i2Live annuity is part of the innovative range of i2Live retirement products
from Lincoln. It is a flexible annuity which has a unique guaranteed income option.
We describe a flexible annuity as an annuity policy with the following features:
- income flexibility
- control over investments
- choice of death benefits
Special Features
- Guaranteed income option
- Old Broad Street Research select and monitor funds on an on-going basis.
- Mortality credits
Guaranteed income option
This is calculated as 75% of the calculated sustainable income. Lincoln will calculate the level of sustainable income taking into account various financial factors.
Every 5 years any gains will be locked in (what gains.
With i2Live Annuity you can select the guarantee at
outset, or after the annuity has commenced, if you are
aged between 70 and 74 inclusive.the guarantee can be added
at any time up to your 75th birthday.
Death Benefits
There is a joint life option so your partner can continue with all or part of your
fund if you predecease them
There is also the option for a guarantee period, whichmeans that income will continue to be paid for a 5 or 10 year period, if you die beforehand.
Investment options
The i2Live fund range includes a comprehensive range of funds across all major asset classes. Specialist fund research company, Old Broad Street Research
selects and monitor funds on an on-going basis with the aim of selecting funds that will perform well over the longer term.
If you select the Income Guarantee Option you will still
have access to the same wide range of funds from
some of the world’s best known fund managers, but
you may not invest more than 70% of your fund to
which the income guarantee applies, in Equity Funds
Mortality credits
By investing in real assets you will have the opportunity to benefit from any future
investment growth.
The Risks
The only risk with a guaranteed income option is that the insurance company will
be not be able to meet the guarantee promise. However Lincoln use sophisticated
hedging techniques to ensure that the any guarantees will be met.
If both you and your partner die soon after taking the annuity there will no funds
available for other family members. However it is possible to have joint life option or a guarantee period
The value of investments may go up as well as down and there is no
guarantee on the value of the investments, but there is an income guarantee
Suitability
About Lincoln
We are part of Lincoln National Corporation which
is listed as LNC on the New York Stock Exchange.
Based in Philadelphia in the USA, Lincoln National
Corporation was founded in 1905 and has a
proud heritage of over 100 years’ financial strength
and security, with long term credit ratings of A+
from Standard & Poor’s, A from AM Best, A from
Fitch** and total assets of over £119 billion***
under management.
In the UK, Lincoln Financial Group includes Lincoln
Assurance Limited, Lincoln Investment Management
Limited and Lincoln Unit Trust Managers Limited, which
are each authorised and regulated by the Financial
Services Authority.
Key Facts
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i2Live Annuity |
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Overview |
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DD and variable annuity with option of an income guarantee and death benefits.
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Income Guarantee |
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Guaranteed income based on 75% of Maximum Supportable Income (MSI). Lock in gains
every 5 years. Flexibility to turn on or off within DD.
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Income options |
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Death Benefits |
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Investment Links |
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Charges |
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