Lincoln Life and Annuity Company of New York
One of the Few Licensed Insurers in New York State
Lincoln Life and Annuity Company of New York is a wholly-owned subsidiary of Lincoln Financial Group. It and its sister companies, including Lincoln National Life Insurance Company, forms one of the largest financial services organizations in the US. Lincoln Life and Annuity Company of New York alone has total assets of $3.2 billion., Because of the strict rules on licensing, only 10 percent of all insurance companies may sell insurance in New York State.
The Lincoln Life and Annuity Company of New York offers a full line of life insurance and annuity products, including universal life, variable life, whole life and term life insurance. Two of their plans are Lincoln Level Term and Lincoln Pro Term.
Lincoln Level Term Life Insurance Features
- Convert two individual term policies to a single survivorship policy
- Renewable to age100
- Convertible to age 75 or the first ten years without the need for a medical exam.
- 10 and 15 year guaranteed, level premiums
- Preferred non-smoker coverage between ages 20 and 70
- Convertible to permanent life minimum face value of $100,000
- Waiver of premium rider through age 55
Lincoln PRO Term Life Insurance Features
- Return of premium term insurance with competitive surrender values
- Minimum face value of $100,000
- Initial terms of 15, 20, 25, and 30 years
- Optional Accelerated death benefit rider.
- Optional Waiver of premium rider
- Optional children’s term insurance rider
- Conversion options to age 70 or after ten years of coverage
- Issue ages vary, but are based on tobacco use and length of term, i.e., for a 15 year term, a non-tobacco user may enroll between the ages of 20 and 65, but for a 30 year term, a smoker must enroll before the age of 45.
Financial ratings for Lincoln Life Annuity of NY
A.M. Best: A+
Standard and Poor’s: AA-
The financial strength of a company and potential for prolonged survival are represented by the above ratings.
Lincoln Life and Annuity Company Information
100 Madison Street, Suite 1860
Syracuse, NY 13202-2802
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