0.00% 

The guaranteed minimum interest rate is 1.75% 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 six years.  This guaranteed rate is for the initial term of the annuity and  applies whether or not moneys have been allocated to the Fixed Account. 

Initial minimum is $10,000 NQ and Q(0-85).  Additional premiums are not allowed as this is a single premium annuity. The maximum premium without Home Office approval is $2,000,000, per owner, for ages 0-65 and $500,000 for ages over 65.   

6 

0 - 85 

The surrender penalties in years 1 through 6 of the contract are expressed as a percent of accumulation value after Market Value Adjustment (“MVA”):
9%, 8%, 7%, 6%, 4.75%, 3.5%

The Death Benefit is the greater of:
Accumulation value; or Guaranteed minimum cash surrender value.
 

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 $5,000. Systematic surrenders are available from the fixed account only.  A 30-day waiting period is required to process the first systematic surrender payment. Systematic surrenders in excess of the free partial surrender amount will be subject to the MVA and surrender charges. 

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 second 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 three 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)

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 and the Performance Triggered Account on any policy anniversary.  Amounts can be allocated without surrender charge or MVA into the 2-year Point-to-Point Index account on the even policy anniversary.  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 three 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.  
 

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 New Directions 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 asa “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	NQ/Q   Commission     
0-75	NQ&Q	3.5%		
76-80	NQ&Q	2.75%		
81-85	NQ&Q	1.75%		

A commission chargeback applies to death 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%
 

New York