Lincoln ChoicePlus Assurance B Share offered by Lincoln Financial

Introduction
Type of Product Variable Annuity
Product NameLincoln ChoicePlus Assurance B Share
Offered byLincoln Financial
Company Info

Lincoln Financial Group is ... read more

Contract and Purchasing
Minimum Premium Payment10000
Maximum Premium Payment2000000
Minimum Additional Premium Payment100
Maximum Age at Start of Contract86
Investments
Ability to Select Asset AllocationYes
Total Number of Investment Options100 [Find annuities with more investment options]
Fixed Account
Minimum Fixed Account Rate Guarantee1.5 [Find annuities with higher fixed account minimum rate guarantees]
Features and Benefits
Free WithdrawalsYes
Free Withdrawal Limit10
Waiver of Withdrawal ChargesAvailable
Inflation Adjustment for Guaranteed IncomeYes
Guaranteed Death BenefitAvailable
Are Telephone Transactions AllowedYes
Fees and Expenses
Minimum Total Fees and Expenses1.79 [Find annuities with lower fees and expenses]
Maximum Total Fees and Expenses3.59 [Find annuities with lower fees and expenses]
Minimum Mortality and Expense Risk Charge "M&E Fee"1.15 [Find annuities with lower mortality and expense fees]
Maximum Mortality and Expense Risk Charge "M&E Fee"1.65 [Find annuities with lower mortality and expense fees]
Administrative Fee35.00 [Find annuities with lower administrative fees]
Contract Maintenance Fee0.1 [Find annuities with lower contract maintenance fees]
Early Withdrawal Charges / Surrender Fees
Minimum Investment Management Fee0.54 [Find annuities with lower investment management fees]
Maximum Investment Management Fee1.84 [Find annuities with lower investment management fees]
Sales Compensation
Maximum Commissions7.5 [Find annuities with lower commissions] [Find annuities with higher commissions]
Contact Information
Company OfferingLincoln Financial
Company TypeInsurance Company
Phone Number
Websitewww.lfg.com
Talk to a Financial Advisor
Contact Information Connect with a Financial Advisor
Reviews and Ratings
Average Review

3/5 from 1 Reviews


Key Phrases:
Annuity Product Types: 

Product Ratings and Reviews

Rating:
3
Average: 3 (1 vote)

When including a guaranteed income benefit and an enhanced guaranteed minimum death benefit, the Choice Plus VA from Lincoln has a maximum M&E fee of 3.95 percent.

Yes, that's right, 3.95 percent "guaranteed maximum charge."

How on earth can anyone actually consider a product with an expense structure like this?

Granted, the "current" charge (rather than the maximum guaranteed charge) is 2.6 percent for the "i4Life" living benefit feature and the enchanced death benefit.

Let's take the 2.6 percent as the likely charge.  Add to this an investment management fee that ranges from .53 to 2.22 percent and you're right back where you started around 4 percent.

I'm sure the product features are fine and compare well with similar VAs, but 3-4 percent right off the top of any gross investment returns in the subaccounts would seemingly present an insurmountable financial hurdle, no? 

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