Term Life Insurance

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Company/Policy Information

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Lincoln Life & Annuity Company Of New York

120 Madison Street Suite 1700
Syracuse, NY 13202-2802

Lincoln Life and Annuity Company of New York was incorporated in 1996 and is a wholly owned subsidiary of Lincoln National Life Insurance Company and its parent, Lincoln National Corporation. At year end 2002, Lincoln National Corporation has approximately $119 billion in total assets under management. Lincoln NY is licensed and conducts operations in the state of New York.

Lincoln Life & Annuity Company Of New York is rated:

A+ Superior by A.M. Best Company, 2nd highest of 16 ratings for financial strength (as of 12/18/2008)
AA- Very Strong by Standard & Poor's, 3rd highest of 21 ratings for financial strength (as of 12/18/2008)
AA Very Strong by Fitch, 3rd highest of 22 (as of 12/18/2008)
Aa3 Good by Moody's, 4th highest of 21 (as of 12/18/2008)
These ratings are opinions of the rating agencies and are not warranties of the company’s ability to perform its financial obligations.

Policy Description LifeElement (SM) Level Term - 15 Year

LifeElements is a term insurance with guaranteed level premiums for 10, 15, 20, 25 and 30 years. After the guaranteed level premium period, premiums will increase annually to age 95 (except in New York, where they will increase to age 80). Policy Form TRM5060 and state variations. Minimum face amount is $100,000. Premiums shown include a $75 policy fee. Some state variations may apply. New York limits issue ages. Check policy for terms and conditions.

Conversion Feature

Before the end of your level term period, or to attained age 70, whichever is earlier, you can convert the policy to a permanent life insurance policy that Lincoln makes available, without going through the underwriting process again. New York policyholders will have the ability to convert until the later of the end of the 5th policy year or to attained age 60.

Available Options

Spousal Discount
For spouses, business partners/owners who submitted and paid for term insurance together, the $75 annual policy fee will be reduced to $37.50 on the term policy.

Children's Insurance Option (Additional Cost)
Available at an additional cost, provides level term coverage for all children of the insured.

Accelerated Death Benefit
Pays out a portion of the death benefit if you were to develop a terminal illness likely to result in death within 6 months.

Waiver of Premium Option (Additional Cost)
Available at an additional cost, waives premium payments during the disability period of an insured who becomes totally disabled. Not available with Disability Income Rider.

Accidental Death Benefit Option (Additional Cost)
Not Available