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Registered index-linked annuity · SEC-registered · defined downside design

Lincoln Level Advantage 2 Advisory

Issued by The Lincoln National Life Insurance Company

AM Best ACan lose value
Segment terms1-year · 3-year · 6-year
Downside choices0% buffer · 10% buffer · 15% buffer · 20% buffer · 25% buffer · 30% buffer · 100% buffer
FeeNot published
Surrender periodNone
Free withdrawalNot published
Issue ages0–90 (annuitant and owner) · age limits based on the older person
Available jurisdictions52published in the feed
Market value adj.None
Get my rate reportAll 116 rate rowsVerified Sep 15, 2026 · CANNEX via AdvisorWorld
Headline segment · S&P 500 Index · 1-year · 10% buffer17.5% cap · 10% buffer

The upside term is shown with its index, term, downside rule, and fee status. This indexed segment can lose value.

The buffer absorbs the first 10% of segment loss; losses beyond it can still apply. This is not an FIA.

Every segment, by index and downside design

Read across a row to compare the upside term under each published downside design. Current rates for the selected state and $100,000 premium; every percentage identifies what it is.

Strategy fee is not published; outcome figures are suppressed unless another published fee applies.

Swipe horizontally to compare every protection level.

Index · term10% buffer15% buffer20% buffer25% buffer30% buffer100% buffer
S&P 500
1-yearPoint-to-point
17.5% cap
Segment detailsMinimum cap: 1%Minimum participation: 100%Minimum buffer: 10%
17% cap
Segment detailsMinimum cap: 1%Minimum participation: 100%Minimum buffer: 10%
15% cap
Segment detailsMinimum cap: 1%Minimum participation: 100%Minimum buffer: 15%
14.75% cap
Segment detailsMinimum cap: 1%Minimum participation: 100%Minimum buffer: 15%
12.75% cap
Segment detailsMinimum cap: 1%Minimum participation: 100%Minimum buffer: 20%
12.25% cap
Segment detailsMinimum cap: 1%Minimum participation: 100%Minimum buffer: 20%
7.5% cap
Segment detailsMinimum cap: 0.1%Minimum participation: 100%Minimum buffer: 100%
7.75% cap
Segment detailsMinimum cap: 0.1%Minimum participation: 100%Minimum buffer: 100%
1-yearPerformance trigger
11.25% trigger rate
Segment detailsMinimum trigger rate: 1%Minimum participation: 100%Minimum buffer: 10%
11% trigger rate
Segment detailsMinimum trigger rate: 1%Minimum participation: 100%Minimum buffer: 10%
10% trigger rate
Segment detailsMinimum trigger rate: 1%Minimum participation: 100%Minimum buffer: 15%
9.75% trigger rate
Segment detailsMinimum trigger rate: 1%Minimum participation: 100%Minimum buffer: 15%
9.75% trigger rate
Segment detailsMinimum trigger rate: 1%Minimum participation: 100%Minimum buffer: 20%
9.5% trigger rate
Segment detailsMinimum trigger rate: 1%Minimum participation: 100%Minimum buffer: 20%
1-yearDual performance trigger
7.75% trigger rate
Segment detailsMinimum trigger rate: 1%Minimum participation: 100%Minimum buffer: 10%
7.5% trigger rate
Segment detailsMinimum trigger rate: 1%Minimum participation: 100%Minimum buffer: 10%
3-yearPoint-to-point
110% participation
Segment detailsMinimum participation: 15%Minimum buffer: 10%
105% participation
Segment detailsMinimum participation: 15%Minimum buffer: 10%
6-yearPoint-to-point
115% participation
Segment detailsMinimum participation: 15%Minimum buffer: 10%
110% participation
Segment detailsMinimum participation: 15%Minimum buffer: 10%
Not published
Segment detailsMinimum cap: 1%Minimum participation: 100%Minimum buffer: 15%
500% cap
Segment detailsMinimum cap: 10%Minimum participation: 100%Minimum buffer: 15%
500% cap
Segment detailsMinimum cap: 10%Minimum participation: 100%Minimum buffer: 20%
300% cap
Segment detailsMinimum cap: 10%Minimum participation: 100%Minimum buffer: 20%
350% cap
Segment detailsMinimum cap: 1%Minimum participation: 100%Minimum buffer: 25%
250% cap
Segment detailsMinimum cap: 10%Minimum participation: 100%Minimum buffer: 25%
250% cap
Segment detailsMinimum cap: 10%Minimum participation: 100%Minimum buffer: 30%
200% cap
Segment detailsMinimum cap: 10%Minimum participation: 100%Minimum buffer: 30%
6-yearAnnual lock cap
14% cap
Segment detailsMinimum cap: 1%Minimum participation: 100%Minimum buffer: 10%
13.25% cap
Segment detailsMinimum cap: 1%Minimum participation: 100%Minimum buffer: 10%

Showing 30 of 116 indexed segments.

Menu combined from 3 published rate instances (57 + 58 + 1 segments). Published share classes: I Share; the source does not map each rate instance to a share class.

Outcome simulator unavailable

The current feed does not publish a strategy fee for every eligible segment. No zero fee is assumed, so outcome figures are suppressed.

What the carrier can change at renewal

Upside rates and downside-protection terms are declared for each segment. These are the contractual minimums published with the live rows.

Annual lock cap · 6-year1%Minimum cap
Annual lock cap · 6-year100%Minimum participation rate
Dual performance trigger · 1-year100%Minimum participation rate
Dual performance trigger · 1-year1%Minimum trigger rate
Performance trigger · 1-year100%Minimum participation rate
Performance trigger · 1-year1%Minimum trigger rate
Point-to-point · 1-year0.1%Minimum cap
Point-to-point · 1-year100%Minimum participation rate
Point-to-point · 3-year15%Minimum participation rate
Point-to-point · 6-year1%Minimum cap
Point-to-point · 6-year15%Minimum participation rate
Minimum published buffer0%Lowest value across the published segment limits

Read the minimum buffer twice. A renewed segment may carry no buffer at all. Today’s buffer is a declared term and is not fixed for the life of the contract.

Open “Segment details” in the matrix to see the contractual minimum attached to that exact row.

Getting money out

No surrender charge

Free withdrawalNot published
Systematic withdrawalsAvailable
Nursing-home / terminal-illness waiverNot published
BailoutNot available
Return of premiumNot available
Death benefitAccount Value Death Benefit

Analyst notes

Where it stands out

  • The advisory contract offers annual and multi-year indexed terms across broad-market and rules-based indexes.
  • Its menu includes cap, participation, performance-trigger, annual-lock, and dual-performance designs.
  • This advisory version has no published surrender charge in the current contract ledger.

What to confirm

  • This registered index-linked annuity can lose value when an index decline exceeds the selected buffer.
  • Strategy fees are not published for the current indexed rows, so outcome figures remain unavailable instead of treating the missing fee as zero.
  • Interim withdrawals can receive a negative contract adjustment even though the advisory contract has no published surrender charge.
  • Current segment terms can change when a new segment begins; compare them with the separately displayed renewal limits.
Best fitFee-based advisory clients who can accept market-linked losses and want several index, term, and buffer combinations.
Not ideal forBuyers who cannot accept loss, require a fixed return, or need outcome estimates when the strategy fee is unpublished.

Expanded contract facts

Contract details beyond the headline rate

Fresh CANNEX source

Key facts published in the versioned CANNEX contract ledger. Gaps are labeled, not guessed.

Contract ledger statusAvailable · version 2.0
Product familyRILA
Share classesI Shareapplicable_rule · product_profile
PremiumNot published in feed
Issue ages0–90 (annuitant and owner) · age limits based on the older person
Joint age rulesannuitant: minimum age uses the younger person, maximum age uses the older person, maximum age difference not published · owner: minimum age uses the younger person, maximum age uses the older person, maximum age difference not published
Funding typesNon-qualified · Qualified
Annuitant typesSingle
OwnershipJoint · Single · Trust
Joint contractAvailable
Free-look periodAvailable
Annuitization maximum age99 years
Annuitization optionsJoint life · Single life
Profile feesNot published
Premium bonusNot published
Systematic withdrawalsYes
Minimum-withdrawals rule appliesYes
BailoutNo
Market value adjustmentNone
Return of premiumNot available
Free-withdrawal tiersNot published
CDSC schedule0 years · applies to the selected contract
Surrender ledger statusAvailable
Contract sourceCANNEXNormalized public contract facts; source XML and internal identifiers are not displayed.
Source vintagefreshObserved Sep 15, 2026 · generated Sep 15, 2026
Income rider optionsNone published — accumulation only
Death benefitAccount Value Death Benefit
Contract open dateMay 20, 2024

Source and vintage: normalized public product facts from CANNEX, observed Sep 15, 2026. Raw licensed XML and internal identifiers are not included. Terms can vary by state, premium, age, share class, and contract version; confirm the current carrier contract and illustration before purchase.

Prospectus and SEC filings

A RILA is a registered security. The prospectus governs interim value, performance lock, death benefit, and fees.

RegistrantThe Lincoln National Life Insurance Company

SEC CIK0000726865

File numbers333-267670

Open filings on EDGAR ↗

No verified carrier document link is published in the product feed. Rate-sheet supplements will appear only after their product and carrier match is verified.

State availability

52 published jurisdictions. Not available in New York or the U.S. Virgin Islands; New York uses the separate Advisory NY contract.

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Rates are sourced from CANNEX via AdvisorWorld and updated daily. Rates vary by state, premium band, and issue age. A registered index-linked annuity can lose value; a buffer, floor, or downside-participation rule limits specified losses but does not guarantee principal or surrender value. Upside rates and downside-protection terms can change on new segments. Educational only — not advice, a quote, or a carrier-approved illustration. Guarantees are backed by the issuing carrier’s claims-paying ability and are not FDIC-insured.

Machine-readable citation contract

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