0.00% 

The guaranteed minimum interest rate is 1.5% applied to the cash surrender value over the term based on 100% of the original contribution, less withdrawals.  The current fixed rate is guaranteed for the first year.

A 2% Premium Bonus is credited to each premium received in the first 3 policy years. 

Initial minimum is $5000 NQ(0-85) and $2,000 Q(0-85) and additional premiums are subject to $50 minimums.  The Company reserves the right to limit additional premiums to $25,000 each policy year.  The maximum premium without Home Office approval is $2,000,000, per owner, for ages 0-65 and $500,000 for ages over 65.   

8 

0 - 85 

The surrender penalties in years 1 through 8 of the contract are expressed as a percent of accumulation value after Market Value Adjustment (“MVA”):
9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%

The Death Benefit is the greater of:
Sum of the premiums paid less surrenders received; or Accumulation value without a MVA, but less surrender charge; or Guaranteed minimum cash surrender value. Alternatively, the accumulation value without a MVA or surrender charge can be paid out at the guaranteed payment option rates over at least 5 years. 

10% of the accumulation value each policy year.  Partial surrenders are taken first from the Fixed Account, and then pro-rata from the indexed accounts.  The remaining accumulation value after any partial surrender must be at least $2,000. Systematic withdrawals can be made monthly, quarterly, semiannually, or annually, subject to a minimum accumulation value of $20,000 for monthly and $10,000 for other frequencies.

A MVA will apply to surrenders from the fixed and indexed accounts during the surrender charge period, and will be applied on the date of surrender.  A MVA will not apply after the surrender charge period.  A MVA will not apply to any free partial surrender amount, if your client begins receiving lifetime income payments after the fifth policy anniversary, or to a death benefit.  In no event will the MVA reduce the cash surrender value below the guaranteed minimum cash surrender value.
 

The product offers an option of four investment choices:
Fixed Account (annual reset)
Performance TriggeredSM Indexed Account (specified rate, annual reset)
2-Year Point-to-Point Indexed Account (resets each indexed term)
2-Year Monthly Cap Indexed Account (resets each indexed term)

Interest already credited to prior indexed terms is locked in regardless of any subsequent S&P 500 index decrease.  Regardless of what happens to the S&P 500 Index, indexed interest credited at the end of an indexed term is guaranteed never to be less than zero.  This guarantee provides valuable downside protection.

Amounts can be allocated without surrender charge or MVA into or out of the Fixed Account on any policy anniversary.  Amounts can be allocated without surrender charge or MVA into an indexed account on the policy anniversary but each new allocation will begin a new indexed term.  Amounts can only be allocated out of an indexed account at the end of the indexed term.  Initial account allocations are made on the application but a portion of the accumulation value may be reallocated each policy anniversary to any of the four interest accounts.

The Performance Triggered Indexed Account (1-year indexed term) is credited with the specified rate if the S&P 500 Index value at the end of the indexed term is greater than or equal to the S&P 500 Index value at the beginning of the indexed term. If the percentage change is negative, then the account is credited with zero.  The amount of indexed interest does not depend on how much the S&P 500 Index goes up, only that it does not go down.  

2-Year Point-to-Point Index Account (2-year indexed term) is credited with indexed interest based on the full percentage increase, if any, of the S&P 500 Index value over the indexed term, subject to the indexed interest cap.  

2-Year Monthly Cap Indexed Account (2-year indexed term) is credited with indexed interest based on the sum of the twenty-four (24) consecutive monthly change percentages in the S&P 500 Index values during the indexed term.  Each monthly change percentage is subject to a monthly indexed cap.
 

Lincoln_Rates.pdf 

There is no indexed account rate holds for 1035(a) exchanges or qualified transfers.  A 60-day rate hold applies only to amounts allocated to the Fixed Account.  If the transfer money is received before the end of the 60-day hold period, the policy’s Fixed Account interest rate will be the greater of (a) the Fixed Account interest rate assigned at the beginning of the 60-day hold period, or (b) the “new money” Fixed Account interest rate in effect on the day the policy is issued.

The indexed accounts of a Jefferson Pilot OptiPoint annuity are protected by two features known as “reset” and “ratchet”.  The annuity resets the S&P 500 Index value to a fresh stating point at the beginning of each indexed term. Each indexed term’s S&P 500 Index change is measured from the S&P 500 Index value as of the beginning of that indexed term, so a S&P 500 Index decline in one indexed term has no detrimental effect on the indexed interest credited in the next indexed term.  Also, interest already credited in prior indexed terms is never affected by any subsequent S&P 500 Index decreases. This characteristic is referred to as a “ratchet effect” and locks in your indexed interest gains. 
 

If the client cancels their policy under the free look provision, the client may not purchase another Jefferson-Pilot Life annuity during the next 6 months. 

Commission
Age	Commission     
0-75             6.0%		
76-80           4.0%		
81-85           2.0%		

A commission chargeback applies to full or partial surrenders and deaths in the first policy year. The amount of commission chargeback varies by the policy month in which the surrender of death occurs:
	Policy months 1-6 = 100%
	Policy months 7-12 = 50%
 

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