Washington Participation Agreement between Variable Insurance Products Fund, III, Lincoln Life and Annuity Company of New York
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FAQ
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A variable annuity is a contract between you and an insurance company, under which the insurer agrees to make periodic pay- ments to you, beginning either immediately or at some future date. You purchase a variable annuity contract by making either a single purchase payment or a series of purchase payments.
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Lincoln Level Advantage® is a long-term investment product that offers tax-deferred growth, access to a lifetime income stream and death benefit protection.
With the performance trigger strategy, your account is credited a set amount, called a trigger rate, if the index change is positive or flat at the end of the term. If the index return is negative, you can help protect it with a protection level or floor protection.
