Get Automatic Withdrawal Service Election Lincoln Financial

Filling out the Automatic Withdrawal Service Election form from Lincoln Financial can seem overwhelming. This guide will provide clear, step-by-step instructions to ensure that you complete the form accurately and efficiently, making the process straightforward for all users.

Follow the steps to complete the Automatic Withdrawal Service Election form

1. Press the ‘Get Form’ button to acquire the Automatic Withdrawal Service Election form and display it in your editing tool.
2. Begin by entering your contract information. This includes your contract number, the contract owner's name, social security number, daytime and evening telephone numbers, and date of birth.
3. Review the important information section. Familiarize yourself with the statements about surrender charges, withdrawal methods, and withdrawal timing.
4. Proceed to select one of the automatic withdrawal options. You can choose from distribution amounts, free amount, percentage of the total contract value, earnings only, or maximum withdrawal amount.
5. Next, indicate the requested start date for the withdrawals and select the payment frequency from monthly, quarterly, semi-annually, or annually.
6. Specify the date of withdrawal within the months, which can be the 5th, 10th, or 20th, if no dates are marked.
7. Complete the federal/state income tax withholding section according to your preferences and state requirements. Select your federal tax withholding choice and provide necessary tax percentages.
8. Fill in the direct deposit information section. Include your financial institution's name and telephone number, the type of account, account number, and ABA/transit routing number.
9. Review the authorization and signatures section. By signing, you confirm your understanding and authorization of the withdrawal and tax processes as described.
10. Finally, save your changes, then download, print, or share the completed Automatic Withdrawal Service Election form as needed.

Take action today and complete your Automatic Withdrawal Service Election form online.