The Arkansas Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York is a legal document that outlines the terms and conditions for participation in a variable insurance product offered by Lincoln Life and Annuity Company of New York in the state of Arkansas. This agreement establishes the rights and responsibilities of both the policyholder and the insurance company, ensuring transparency and protection for all parties involved. By signing the Arkansas Participation Agreement, the policyholder becomes eligible to invest in variable insurance products offered by Lincoln Life and Annuity Company of New York. These products typically allow policyholders to allocate their premiums into various investment options, such as mutual funds or separate accounts, with the potential for growth based on the performance of these investments. One of the key components of the Arkansas Participation Agreement is the disclosure of fees and expenses associated with the variable insurance product. Policyholders are provided with detailed information on any applicable charges, including sales charges, management fees, and surrender charges. This transparency allows individuals to make informed decisions about their investments and understand the overall cost structure of the product. Additionally, the Arkansas Participation Agreement outlines the surrender provisions, which specify the conditions under which policyholders can surrender their policy and receive a surrender value. These provisions may include surrender charges or waiting periods, which vary depending on the specific agreement and product type. It's important to note that there may be different types of Arkansas Participation Agreements between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York. These variations can be attributed to different product offerings, investment options, or specific requirements dictated by Arkansas state regulations. It is recommended that policyholders carefully review the terms and conditions outlined in their specific Arkansas Participation Agreement, ensuring that it aligns with their investment goals and preferences. In conclusion, the Arkansas Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York establishes the guidelines and conditions for participation in variable insurance products in Arkansas. This legally binding document ensures transparency and protection for policyholders, and it is essential for individuals considering investing in these products to carefully review and understand the terms and conditions specified in their agreement.
Arkansas Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York
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FAQ
Variable annuities are essentially an insurance contract combined with an investment product. Through a professionally managed "subaccount" (similar to a mutual fund portfolio) within your variable annuity, you invest in stocks, bonds or money market funds or a combination thereof.
Traditional fixed annuities offer tax-deferred earnings with an initial interest rate guaranteed for a set number of years. Upon renewal, interest rates may be subject to change. You have access to your cash values, if any, and may be subject to surrender charges during the contract's early years.
Lincoln Level Advantage® indexed-linked variable annuity is a long-term investment product designed for retirement purposes. There are no explicit fees associated with the indexed-linked account options available.
A variable annuity is a contract between you and an insurance company, under which the insurer agrees to make periodic pay- ments to you, beginning either immediately or at some future date. You purchase a variable annuity contract by making either a single purchase payment or a series of purchase payments.
Index variable annuities are designed to help you accumulate assets for retirement and provide some protection for a portion of your retirement assets. An index variable annuity may be a good choice if you're willing to take on some level of risk with the opportunity to grow your assets.
Trigger?A stated rate is received as long as the index return is not negative over a specific time, such as one year. Example?If the stated rate is 4% and the index return is zero or greater, your contract would receive 4%.
With the performance trigger strategy, your account is credited a set amount, called a trigger rate, if the index change is positive or flat at the end of the term. If the index return is negative, you can help protect it with a protection level or floor protection.
Allianz Index Advantage+? Variable Annuity. Index Advantage+?, our core registered index-linked annuity (RILA), is designed to help you accumulate money for retirement. It can give you long-term growth potential ? plus a level of protection through multiple index options.
Long-Term Care Customer Service: 888-503-8110. Variable Annuities (Prudential): 800-457-7617. Licensing and Commissions: 844-768-6777. LBL Home Office (for non-service related questions): 888-674-3667.
If I complete the form I received in the mail, how long will it take to get a check? It may take up to eight weeks once all required documentation is received. However, if you are the beneficiary claiming funds, it may take longer and additional documentation may be requested at a later date.