485BPOS 1 pea42.htm

As filed with the Securities and Exchange Commission on August 14, 2020
1933 Act Registration No. 333-141763
1940 Act Registration No. 811-08441
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-4
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
POST-EFFECTIVE AMENDMENT NO. 42
and
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
AMENDMENT NO. 413
Lincoln Life & Annuity Variable Annuity Account H
(Exact Name of Registrant)
American Legacy Shareholder's Advantage®
American Legacy Shareholder's Advantage® (A Class)
LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK
(Name of Depositor)
120 Madison Street, Suite 1310
Syracuse, New York 13202
(Address of Depositor’s Principal Executive Offices)
Depositor’s Telephone Number, Including Area Code: (315) 428-8400
Robert O. Sheppard, Esquire
Lincoln Life & Annuity Company of New York
120 Madison Street, Suite 1310
Syracuse, New York 13202
(Name and Address of Agent for Service)
Copy to:
Carolyn E. Augur, Esquire
The Lincoln National Life Insurance Company
350 Church Street
Hartford, Connecticut 06103
Approximate Date of Proposed Public Offering: Continuous
It is proposed that this filing will become effective:
/ / immediately upon filing pursuant to paragraph (b) of Rule 485
/X/ on August 17, 2020, pursuant to paragraph (b) of Rule 485
/ / 60 days after filing pursuant to paragraph (a)(1) of Rule 485
/ / on _____________ pursuant to paragraph (a)(1) of Rule 485
Title of Securities being registered:
Interests in a separate account under individual flexible
payment deferred variable annuity contracts.


Lincoln Life & Annuity Company of New York
Lincoln Life & Annuity Variable Annuity Account H

Rate Sheet Prospectus Supplement dated August 14, 2020

This Rate Sheet Prospectus Supplement (“Rate Sheet”) provides the rates and percentages for the Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk) rider. This supplement is for informational purposes and requires no action on your part. This Rate Sheet must be retained with the current prospectus.

The rates below apply for applications and/or election forms signed on or after August 17, 2020.

The rates in this Rate Sheet can be superseded. In the event we change our rates, the new rate sheet will become effective at least 10 days after it is filed. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your financial professional, or online at LincolnFinancial.com. This Rate Sheet has been filed with the Securities and Exchange Commission and can be viewed at www.sec.gov.

Current Initial Protected Lifetime Income Fee Rate

 
Single Life
Joint Life
Current Initial Annual Charge …………………………………………………
1.25%
1.50%

Enhancement Rate

5%

Protected Annual Income Rates
The Protected Annual Income amount is calculated when you elect the rider. Upon the first Protected Annual Income withdrawal, the Protected Annual Income rate will be based on your age (or the younger of you and your spouse under the joint life option) as of the date of that withdrawal, and thereafter may not change unless an Account Value Step-up occurs.


Single Life PAI Rate
 
Joint Life PAI Rate
 
Age
 
PAI Rate
 
Age
 
PAI Rate
 
55-58
2.75%
55-58
2.50%
59-64
3.75%
59-64
3.25%
65-69
5.00%
65-69
4.50%
70-74
5.00%
70-74
4.50%
75+
5.00%
75+
4.50%


i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) Charge Rate

i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) for Contractowners who transition from Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk)
Single Life
Joint Life
Current Initial Annual Charge………………………………………………………………
1.25%
1.50%

Guaranteed Income Benefit Percentages
The Guaranteed Income Benefit will be an amount equal to a specified percentage of your Account Value or Protected Income Base, based on your age (or the age of the youngest life under a joint life option) at the time the Guaranteed Income Benefit is elected. The following rates apply to i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) elections for Contractowners who transition from Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk).


Single Life GIB %
 
Joint Life GIB %
 
Age
 
GIB %
 
Age
 
GIB %
 
Under 40
2.00%
Under 40
2.00%
40-54
2.50%
40-54
2.20%
55-58
2.50%
55-58
2.20%
59-64
3.50%
59-64
2.75%
65-69
4.25%
65-69
3.25%
70-74
4.75%
70-74
3.50%
75-79
4.75%
75-79
3.75%
80+
4.75%
80+
4.00%


In order to receive the percentages and rates indicated in this Rate Sheet, your application or rider election form must be signed on and after August 17, 2020. We must receive your application or rider election form in Good Order within one day from the date you sign your application or rider election form, and the annuity must be funded within one calendar day. Good Order means the actual receipt by Lincoln at its Home Office of the requested transaction in writing, or by other means accepted by Lincoln, along with all the information and supporting legal documentation necessary to complete the transaction. Additional paperwork may be required if these conditions are not met and you still wish to purchase the annuity in order to receive the applicable rates in effect at that time.


Lincoln Life & Annuity Company of New York
Lincoln Life & Annuity Variable Annuity Account H

Rate Sheet Prospectus Supplement dated August 14, 2020

This Rate Sheet Prospectus Supplement (“Rate Sheet”) provides the rates and percentages for the Lincoln Market Select® Advantage rider. This supplement is for informational purposes and requires no action on your part. This Rate Sheet must be retained with the current prospectus.

The rates below apply for applications and/or election forms signed on or after August 17, 2020.

The rates in this Rate Sheet can be superseded. In the event we change our rates, the new rate sheet will become effective at least 10 days after it is filed. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your financial professional, or online at LincolnFinancial.com. This Rate Sheet has been filed with the Securities and Exchange Commission and can be viewed at www.sec.gov.

Current Initial Protected Lifetime Income Fee Rate

 
Single Life
Joint Life
Current Initial Annual Charge …………………………………………………
1.25%
1.50%

Enhancement Rate

5%

Protected Annual Income Rates
The Protected Annual Income amount is calculated when you elect the rider. Upon the first Protected Annual Income withdrawal, the Protected Annual Income rate will be based on your age (or the younger of you and your spouse under the joint life option) as of the date of that withdrawal, and thereafter may not change unless an Account Value Step-up occurs.


Single Life PAI Rate
 
Joint Life PAI Rate
 
Age
 
PAI Rate
 
Age
 
PAI Rate
 
55-58
2.50%
55-58
2.25%
59-64
3.50%
59-64
3.00%
65-69
4.75%
65-69
4.25%
70-74
4.75%
70-74
4.25%
75+
4.75%
75+
4.25%


i4LIFE® Advantage Guaranteed Income Benefit Charge Rate

i4LIFE® Select Advantage Guaranteed Income Benefit for
Contractowners who transition from Lincoln Market Select® Advantage
Single Life
Joint Life
Current Initial Annual Charge…………………………………………………
1.25%
1.50%



Guaranteed Income Benefit Percentages
The Guaranteed Income Benefit will be an amount equal to a specified percentage of your Account Value or Protected Income Base, based on your age (or the age of the youngest life under a joint life option) at the time the Guaranteed Income Benefit is elected. The rates listed below are for i4LIFE® Advantage Select Guaranteed Income Benefit elections for Contractowners who transition from Lincoln Market Select® Advantage.



Single Life GIB %
 
Joint Life GIB %
 
Age
 
GIB %
 
Age
 
GIB %
 
Under 40
2.00%
Under 40
2.00%
40-54
2.25%
40-54
2.00%
55-58
2.25%
55-58
2.00%
59-64
3.25%
59-64
2.50%
65-69
4.00%
65-69
2.75%
70-74
4.25%
70-74
3.25%
75-79
4.50%
75-79
3.50%
80+
4.50%
80+
3.75%


In order to receive the percentages and rates indicated in this Rate Sheet, your application or rider election form must be signed on and after August 17, 2020. We must receive your application or rider election form in Good Order within one day from the date you sign your application or rider election form, and the annuity must be funded within one calendar day. Good Order means the actual receipt by Lincoln at its Home Office of the requested transaction in writing, or by other means accepted by Lincoln, along with all the information and supporting legal documentation necessary to complete the transaction. Additional paperwork may be required if these conditions are not met and you still wish to purchase the annuity in order to receive the applicable rates in effect at that time.



Lincoln Life & Annuity Company of New York
Lincoln Life & Annuity Variable Annuity Account H

Rate Sheet Prospectus Supplement dated August 14, 2020

This Rate Sheet Prospectus Supplement (“Rate Sheet”) provides the rates for the Lincoln Max 6 SelectSM Advantage rider. This supplement is for informational purposes and requires no action on your part. This Rate Sheet must be retained with the current prospectus.

The rates below apply for applications and/or election forms signed on and after August 17, 2020.

The rates in this Rate Sheet can be superseded. In the event we change our rates, the new rate sheet will become effective at least 10 days after it is filed. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your financial professional, or online at LincolnFinancial.com. This Rate Sheet has been filed with the Securities and Exchange Commission and can be viewed at www.sec.gov.

Current Initial Protected Lifetime Income Fee Rate

 
Single Life
Joint Life
Current Initial Annual Charge …………………………………………………
1.25%
1.50%

Enhancement Rate

5%

Protected Annual Income Rates
The initial Protected Annual Income rate is based on your age as of the date of the first Protected Annual Income withdrawal. Under the joint life option, the age of the younger of you or your spouse will be used. Thereafter the Protected Annual Income rate will only increase upon an Account Value Step-up and will decrease once the Contract Value reaches zero.

The rates in Table A apply prior to the Contract Value reaching zero. When the Contract Value reaches zero, Table B will always be used and, the Protected Annual Income amount will be immediately recalculated to equal the Protected Income Base multiplied by the applicable rate shown in Table B. The rate in Table B will be based on the later of (a) your age at the time the first Protected Annual Income withdrawal occurred, or (b) your age as of the Valuation Date of the most recent Account Value Step-up. If no withdrawals have been taken prior to the Contract Value reaching zero, then your current age (single life option) or the younger of you and your spouse (joint life option) will be used to determine the Protected Annual Income rate in Table B.


TABLE A
 
TABLE B
 
Age
 
Single Life
Option
 
Joint Life
Option
 
Age
 
Single Life & Joint Life Option
 
55 – 58
N/A
N/A
55 - 58
N/A
59 – 64
5.25%
3.00%
59+
3.00%
65 – 69
6.25%
5.75%
    
70 – 74
6.50%
6.00%
    
75 +
6.75%
6.25%
    

In order to receive the rates indicated in this Rate Sheet, your application and/or election forms must be signed and dated on and after August 17, 2020. We must receive your application and/or election forms in Good Order within one day from the date you sign your application and/or election forms, and the annuity must be funded within one calendar day. Good Order means the actual receipt by Lincoln at its Home Office of the requested transaction in writing, or by other means accepted by Lincoln, along with all the information and supporting legal documentation necessary to complete the transaction. Additional paperwork may be required if these conditions are not met and you still wish to purchase the annuity in order to receive the applicable rates in effect at that time.




Lincoln Life & Annuity Company of New York
Lincoln Life & Annuity Variable Annuity Account H

Rate Sheet Prospectus Supplement dated August 14, 2020

This Rate Sheet Prospectus Supplement (“Rate Sheet”) provides the rates and percentages for the 4LATER® Select Advantage rider. This supplement is for informational purposes and requires no action on your part. This Rate Sheet must be retained with the current prospectus.

The rates below apply for applications and/or election forms signed on and after August 17, 2020.

The rates in this Rate Sheet can be superseded. In the event we change our rates, the new rate sheet will become effective at least 10 days after it is filed. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your financial professional, or online at LincolnFinancial.com. This Rate Sheet has been filed with the Securities and Exchange Commission and can be viewed at www.sec.gov.

Current Initial Protected Lifetime Income Fee Rate

 
Single Life
Joint Life
Current Initial Annual Charge …………………………………………………
1.25%
1.50%

Enhancement Rate

5%

i4LIFE® Advantage Select Guaranteed Income Benefit Charge Rate

i4LIFE® Select Advantage Guaranteed Income Benefit for
Contractowners who transition from 4LATER® Select Advantage
Single Life
Joint Life
Current Initial Annual Charge ……………………………………………………
1.25%
1.50%

i4LIFE ® Advantage Select Guaranteed Income Benefit


Single Life GIB %
 
Joint Life GIB %
 
Age
 
GIB %
 
Age
 
GIB %
 
Under 40
2.00%
Under 40
2.00%
40-54
2.25%
40-54
2.00%
55-58
2.25%
55-58
2.00%
59-64
3.25%
59-64
2.50%
65-69
4.00%
65-69
2.75%
70-74
4.25%
70-74
3.25%
75-79
4.50%
75-79
3.50%
80+
4.50%
80+
3.75%

In order to receive the rate indicated in this Rate Sheet, your 4LATER® Select Advantage application or rider election form must be signed and dated on and after August 17, 2020. We must receive your application or rider election form in Good Order within one day from the date you sign your application or rider election form and the annuity must be funded within one calendar day. Good Order means the actual receipt by Lincoln at its Home Office of the requested transaction in writing, or by other means accepted by Lincoln, along with all the information and supporting legal documentation necessary to complete the transaction. Additional paperwork may be required if these conditions are not met and you still wish to purchase the annuity in order to receive the applicable rates in effect at that time.

Lincoln Life & Annuity Company of New York
Lincoln Life & Annuity Variable Annuity Account H
American Legacy® III, American Legacy® III C Share, American Legacy® III View,
American Legacy® Shareholder’s Advantage, American Legacy® Signature, American Legacy® Series, American Legacy® Design, American Legacy® Advisory

Rate Sheet Prospectus Supplement dated August 14, 2020


This Rate Sheet Prospectus Supplement (“Rate Sheet”) provides the i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) rate and percentages that we are currently offering. This supplement is for informational purposes and requires no action on your part. This Rate Sheet must be retained with the current prospectus.

The rates below apply for applications and/or election forms signed on and after August 17, 2020.

The rates in this Rate Sheet can be superseded. In the event we change our rates, the new rate sheet will become effective at least 10 days after it is filed. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your financial professional, or online at LincolnFinancial.com. This Rate Sheet has been filed with the Securities and Exchange Commission and can be viewed at www.sec.gov.

i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) Charge Rate

i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk)
Single Life
Joint Life
Current Initial Annual Charge* …………………………………………………
1.35%
1.55%
*This charge is added to the product charge which includes the mortality and expense risk charge for the death benefit you have elected.




i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk)


Single Life GIB Percentage
 
Joint Life GIB Percentage
 
Age
 
GIB Percentage
 
Age
 
GIB Percentage
 
Under 40
2.00%
Under 40
2.00%
40-54
2.50%
40-54
2.20%
55-58
2.50%
55-58
2.20%
59-64
3.50%
59-64
2.75%
65-69
4.25%
65-69
3.25%
70-74
4.75%
70-74
3.50%
75-79
4.75%
75-79
3.75%
80+
4.75%
80+
4.00%

In order to receive the rate indicated in this Rate Sheet, your application or rider election form must be signed and dated on and after August 17, 2020. We must receive your application or rider election form in Good Order within one day from the date you sign your application or rider election form and the annuity must be funded within one calendar day. Good Order means the actual receipt by Lincoln at its Home Office of the requested transaction in writing, or by other means accepted by Lincoln, along with all the information and supporting legal documentation necessary to complete the transaction. Additional paperwork may be required if these conditions are not met and you still wish to purchase the annuity in order to receive the applicable rates in effect at that time.

*Purchasers of Lincoln SmartSecurity® Advantage (regardless of the rider effective date) may use any remaining Guaranteed Amount (if greater than the Account Value) to calculate the initial Guaranteed Income Benefit for i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk).



Lincoln Life & Annuity Company of New York
Lincoln Life & Annuity Variable Annuity Account H
American Legacy® III B Class, American Legacy Shareholder’s Advantage® A Class
American Legacy® Fusion


Rate Sheet Prospectus Supplement dated August 14, 2020

This Rate Sheet Prospectus Supplement (“Rate Sheet”) provides the rates and percentages for the Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk) rider. This supplement is for informational purposes and requires no action on your part. This Rate Sheet must be retained with the current prospectus.

The rates below apply for applications and/or election forms signed on or after August 17, 2020.

The rates in this Rate Sheet can be superseded. In the event we change our rates, the new rate sheet will become effective at least 10 days after it is filed. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your financial professional, or online at LincolnFinancial.com. This Rate Sheet has been filed with the Securities and Exchange Commission and can be viewed at www.sec.gov.

Current Initial Protected Lifetime Income Fee Rate

 
Single Life
Joint Life
Current Initial Annual Charge …………………………………………………
1.25%
1.50%

Enhancement Rate

5%

Protected Annual Income Rates
The Protected Annual Income amount is calculated when you elect the rider. Upon the first Protected Annual Income withdrawal, the Protected Annual Income rate will be based on your age (or the younger of you and your spouse under the joint life option) as of the date of that withdrawal, and thereafter may not change unless an Account Value Step-up occurs.


Single Life PAI Rate
 
Joint Life PAI Rate
 
Age
 
PAI Rate
 
Age
 
PAI Rate
 
65+
5.00%
65+
4.50%




i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) Charge Rate

i4LIFE® Select Advantage Guaranteed Income Benefit for Contractowners who transition from Lincoln Lifetime Income® Advantage 2.0 (Managed Risk)
Single Life
Joint Life
Current Initial Annual Charge………………………………………………………………
1.25%
1.50%

Guaranteed Income Benefit Percentages
The Guaranteed Income Benefit will be an amount equal to a specified percentage of your Account Value or Protected Income Base, based on your age (or the age of the youngest life under a joint life option) at the time the Guaranteed Income Benefit is elected. The following rates apply to i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) elections for Contractowners who transition from Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk).


Single Life GIB %
 
Joint Life GIB %
 
Age
 
GIB %
 
Age
 
GIB %
 
Under 40
2.00%
Under 40
2.00%
40-54
2.25%
40-54
2.00%
55-58
2.25%
55-58
2.00%
59-64
3.25%
59-64
2.50%
65-69
4.00%
65-69
3.00%
70-74
4.50%
70-74
3.25%
75-79
4.50%
75-79
3.50%
80+
4.50%
80+
3.75%


In order to receive the percentages and rates indicated in this Rate Sheet, your application or rider election form must be signed on and after August 17, 2020. We must receive your application or rider election form in Good Order within one day from the date you sign your application or rider election form, and the annuity must be funded within one calendar day. Good Order means the actual receipt by Lincoln at its Home Office of the requested transaction in writing, or by other means accepted by Lincoln, along with all the information and supporting legal documentation necessary to complete the transaction. Additional paperwork may be required if these conditions are not met and you still wish to purchase the annuity in order to receive the applicable rates in effect at that time.




Lincoln Life & Annuity Company of New York
Lincoln Life & Annuity Variable Annuity Account H
American Legacy® III B Class
American Legacy Shareholder’s Advantage® A Class
American Legacy® Fusion

Rate Sheet Prospectus Supplement dated August 14, 2020


This Rate Sheet Prospectus Supplement (“Rate Sheet”) provides the i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) rate and percentages that we are currently offering. This supplement is for informational purposes and requires no action on your part. This Rate Sheet must be retained with the current prospectus.

The rates below apply for applications and/or election forms signed on and after August 17, 2020.

The rates in this Rate Sheet can be superseded. In the event we change our rates, the new rate sheet will become effective at least 10 days after it is filed. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your financial professional, or online at LincolnFinancial.com. This Rate Sheet has been filed with the Securities and Exchange Commission and can be viewed at www.sec.gov.

i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk) Charge Rate

i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk)
Single Life
Joint Life
Current Initial Annual Charge* …………………………………………………
1.05%
1.25%
*This charge is added to the product charge which includes the mortality and expense risk charge for the death benefit you have elected.


i4LIFE® Advantage Guaranteed Income Benefit (Managed Risk)


Single Life GIB Percentage
 
Joint Life GIB Percentage
 
Age
 
GIB Percentage
 
Age
 
GIB Percentage
 
Under 40
2.50%
Under 40
2.50%
40-54
3.00%
40-54
3.00%
55-58
3.50%
55-58
3.50%
59-64
4.00%
59-64
4.00%
65-69
4.50%
65-69
4.00%
70-74
5.00%
70-74
4.50%
75-79
5.00%
75-79
5.00%
80+
5.50%
80+
5.50%

In order to receive the rate indicated in this Rate Sheet, your application or rider election form must be signed and dated on and after August 17, 2020. We must receive your application or rider election form in Good Order within one day from the date you sign your application or rider election form and the annuity must be funded within one calendar day. Good Order means the actual receipt by Lincoln at its Home Office of the requested transaction in writing, or by other means accepted by Lincoln, along with all the information and supporting legal documentation necessary to complete the transaction. Additional paperwork may be required if these conditions are not met and you still wish to purchase the annuity in order to receive the applicable rates in effect at that time.

*Purchasers of Lincoln SmartSecurity® Advantage (regardless of the rider effective date) may use any remaining Guaranteed Amount (if greater than the Account Value) to calculate the initial Guaranteed Income Benefit for i4LIFE® Advantage Guaranteed Income Benefit (version 4).


LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK
Lincoln Life & Annuity Variable Account H
American Legacy® III, American Legacy® III B Class
American Legacy® III C Share, American Legacy® III View, American Legacy® III Plus
American Legacy® Design, American Legacy® Series, American Legacy® Fusion
American Legacy® Advisory, American Legacy® Signature
American Legacy Shareholder’s Advantage®, American Legacy Shareholder’s Advantage® A Class

Prospectus Supplement dated August 14, 2020

This supplement to the prospectus for your individual variable annuity contract discusses changes that will be effective on and after August 17, 2020. This supplement is for informational purposes and requires no action on your part.

OVERVIEW
Beginning August 17, 2020 for the Living Benefit Riders listed below, the current fee rate or charge, and the current Enhancement Rate (if applicable) are disclosed on the rate sheet. Please note that your contract may not include every rider discussed in this supplement.

•
Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk);
•
Lincoln Market Select® Advantage;
•
Lincoln Max 6 SelectSM Advantage;
•
Lincoln IRA Income PlusSM,
•
4LATER® Select Advantage; and
•
i4LIFE® Advantage Guaranteed Income Benefit.

DESCRIPTION OF CHANGES

The current protected lifetime income fee rate for the following riders elected on and after August 17, 2020 is disclosed in the Rate Sheet prospectus supplement:

•
Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk);
•
Lincoln Market Select® Advantage;
•
Lincoln Max 6 SelectSM Advantage;
•
Lincoln IRA Income PlusSM; and
•
4LATER® Select Advantage.
Additionally, the current annual charge rate for new elections of i4LIFE® Advantage Guaranteed Income Benefit (including transitions from prior riders) on and after August 17, 2020 is disclosed in the Rate Sheet.
The following discussion describes changes that are incorporated into the specified sections of your prospectus.

Expense Tables. The current protected lifetime income fee rate or charge rate for the Living Benefit Riders listed above elected on and after August 17, 2020, will be disclosed in a Rate Sheet prospectus supplement. The current initial annual fee rate or charge rate will be less than or equal to the stated guaranteed maximum annual charge.

Charges and Other Deductions – Protected Lifetime Income Fees. The following information is added to this section of your prospectus.

The current protected lifetime income fee rate for new rider elections is disclosed in a Rate Sheet prospectus supplement. The Rate Sheet indicates the current rider fee rate and the date by which your application or rider election form must be signed and dated for a rider to be issued with that rates. The rate may be superseded at any time in our sole discretion and may be higher or lower than the rate on the previous Rate Sheet.

Any change to the protected lifetime income fee rate will be disclosed in a new rate sheet before that rate becomes effective. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your financial professional, online at www.LincolnFinancial.com or by calling us at number listed in your prospectus.
Charges and Other Deductions – i4LIFE® Advantage Guaranteed Income Benefit Charge. The following information is added to this section of your prospectus.

The current annual charge rate for new rider elections (including transitions from prior riders) is disclosed in a Rate Sheet prospectus supplement. The Rate Sheet indicates the current rider charge rate and the date by which your application or rider election form must be signed and dated for a rider to be issued with that rates. The rate may be superseded at any time in our sole discretion and may be higher or lower than the rate on the previous Rate Sheet.

Any change to the annual charge rate will be disclosed in a new rate sheet before that rate becomes effective. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your financial professional, online at www.LincolnFinancial.com or by calling us at number listed in your prospectus.

The Enhancement rate for the following riders elected on and after August 17, 2020 will be disclosed in the Rate Sheet:
•
Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk);
•
Lincoln Market Select® Advantage;
•
Lincoln Max 6 SelectSM Advantage;
•
Lincoln IRA Income PlusSM; and
•
4LATER® Select Advantage.
The following discussion describes changes that are incorporated into the specified sections of your prospectus.

Living Benefit Riders – Rate Sheets.  The following paragraphs replace the current Rate Sheet section of the prospectus for riders elected on and after August 17, 2020.
The current Enhancement rate, Protected Annual Income rates, and Guaranteed Income Benefit percentages available under certain Living Benefit Riders are disclosed in a Rate Sheet prospectus supplement. The Rate Sheet indicates the current rate and/or current percentages and the date by which your application or rider election form must be signed and dated for a rider to be issued with those rates and/or percentages. The rates and/or percentages may be superseded at any time, in our sole discretion, and may be higher or lower than the rates and/or percentages on the previous Rate Sheet.
The effective date of a subsequent Rate Sheet will be at least 10 days after it is filed. In order to get the rate and/or percentage indicated in a Rate Sheet, your application or rider election form must be sent to us and must be signed and dated on or after the effective date of the Rate Sheet. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your registered representative, online at www.LincolnFinancial.com or by calling us at the number listed in the front of this prospectus. The rates and/or percentages from previous effective periods will be included in an appendix to the prospectus.
Living Benefit Riders – Lincoln Lifetime IncomeSM Advantage 2.0 (Managed Risk), Lincoln Market Select® Advantage, Lincoln Max 6 SelectSM Advantage, Lincoln IRA Income PlusSM, and 4LATER® Select Advantage - Enhancement.  The following disclosure is added to the Enhancement section for each Living Benefit Rider listed here and applies to riders elected on and after August 17, 2020.
The Enhancement rate applicable to new rider elections is determined in our sole discretion based on current economic factors including interest rates and equity market volatility. Generally, the rate may increase or decrease based on changes in equity market volatility, prevailing interest rates, or as a result of other economic conditions. The rate structure is intended to help us provide the guarantees under the rider. The Enhancement rate for new rider elections may be higher or lower than the prior rate, but for existing Contractowners that have elected the rider, your Enhancement rate will not change as a result.

The Enhancement rate applicable to new rider elections is disclosed in a Rate Sheet prospectus supplement. The Rate Sheet indicates the current Enhancement rate and the date by which your application or rider election form must be signed and dated for a rider to be issued with that rate. The Enhancement rate may be superseded at any time in our sole discretion and may be higher or lower than the rate on the previous Rate Sheet.

The effective date of a subsequent Rate Sheet will be at least 10 days after it is filed. In order to get the Enhancement rate indicated in a Rate Sheet, your application or rider election form must be sent to us and must be signed and dated on or after the effective date of the Rate Sheet. Current Rate Sheets will be included with the prospectus. You can also obtain the most current Rate Sheet by contacting your financial professional, online at www.LincolnFinancial.com or by calling us at number listed in your prospectus.




Please keep this supplement for future reference.








Lincoln Life & Annuity Variable Annuity Account H
PART C - OTHER INFORMATION
Item 24. Financial Statements and Exhibits
(a) List of Financial Statements
1. Part A
2. Part B
Statement of Assets and Liabilities - December 31, 2019
Statement of Operations - Year ended December 31, 2019
Statements of Changes in Net Assets - Years ended December 31, 2019 and 2018
Notes to Financial Statements - December 31, 2019
Report of Independent Registered Public Accounting Firm
3. Part B
Balance Sheets - Years ended December 31, 2019 and 2018
Statements of Comprehensive Income (Loss) - Years ended December 31, 2019, 2018 and 2017
Statements of Stockholder’s Equity - Years ended December 31, 2019, 2018 and 2017
Statements of Cash Flows - Years ended December 31, 2019, 2018 and 2017
Notes to Financial Statements - December 31, 2019
Report of Independent Registered Public Accounting Firm
(b) List of Exhibits
(2) Not Applicable

 

B-2

 

B-3

 

(b) Fund Participation Agreements among Lincoln Life & Annuity Company of New York and:
(c) Rule 22c-2 Agreement between Lincoln Life & Annuity Company of New York and:
(11) Not Applicable
B-4

 

(12) Not Applicable
Item 25. Directors and Officers of the Depositor
The following list contains the officers and directors of Lincoln Life & Annuity Company of New York who are engaged directly or indirectly in activities relating to Lincoln Life & Annuity Variable Annuity Account H as well as the contracts. The list also shows Lincoln Life & Annuity Company of New York's executive officers.
Name   Positions and Offices with Depositor
Lisa M. Buckingham**   Director
Ellen Cooper**   Executive Vice President, Chief Investment Officer and Director
Randal J. Freitag**   Executive Vice President, Chief Financial Officer and Director
Christopher A. Giovanni**   Senior Vice President and Treasurer
Dennis R. Glass**   President and Director
Stephen B. Harris**   Senior Vice President and Chief Ethics and Compliance Officer
George W. Henderson, III
Granville Capital
300 N. Greene Street
Greensboro, NC 27401 		  Director
Christine Janofsky**   Senior Vice President, Chief Accounting Officer and Controller
Mark E. Konen
4901 Avenue G
Austin, TX 78751 		  Director
M. Leanne Lachman
870 United Nations, Plaza, #19-E
New York, NY 10017 		  Director
Louis G. Marcoccia
Senior Vice President
Syracuse University
Crouse-Hinds Hall, Suite 620
900 S. Crouse Ave.
Syracuse, NY 13244 		  Director
Patrick S. Pittard
20 Cates Ridge
Atlanta, GA 30327 		  Director
Leon E. Roday**   Executive Vice President
Robert O. Sheppard*   Assistant Vice President, General Counsel and Secretary
Joseph D. Spada***   Vice President and Chief Compliance Officer for Separate Accounts
*Principal business address is 120 Madison Street, Suite 1310, Syracuse, NY 13202
**Principal business address is Radnor Financial Center, 150 Radnor Chester Road, Radnor, PA 19087
***Principal business address is 350 Church Street, Hartford, Connecticut 06096
Item 26. Persons Controlled by or Under Common Control with the Depositor or Registrant
See Exhibit 13 above: Lincoln National Corporation Organizational Chart.
Item 27. Number of Contractowners
As of May 31, 2020 there were 7,836 contract owners under Account H.
Item 28. Indemnification
a) Brief description of indemnification provisions.
B-5

 

In general, Article VII of the By-Laws of Lincoln Life & Annuity Company of New York provides that Lincoln New York will indemnify certain persons against expenses, judgments and certain other specified costs incurred by any such person if he/she is made a party or is threatened to be made a party to a suit or proceeding because he/she was a director, officer, or employee of Lincoln New York, as long as he/she acted in good faith and in a manner he/she reasonably believed to be in the best interests of, or act opposed to the best interests of, Lincoln New York. Certain additional conditions apply to indemnification in criminal proceedings.
In particular, separate conditions govern indemnification of directors, officers, and employees of Lincoln New York in connection with suits by, or in the right of, Lincoln New York.
Please refer to Article VII of the By-Laws of Lincoln New York (Exhibit no. 6 hereto) for the full text of the indemnification provisions. Indemnification is permitted by, and is subject to the requirements of, New York law.
b) Undertaking pursuant to Rule 484 of Regulation C under the Securities Act of 1933:
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the provisions described in Item 28(a) above or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer, or controlling person of the Registrant in the successful defense of any such action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
Item 29. Principal Underwriter
(a) Lincoln Financial Distributors, Inc. (“LFD”) currently serves as Principal Underwriter for: Lincoln National Variable Annuity Account C; Lincoln National Flexible Premium Variable Life Account D; Lincoln National Variable Annuity Account E; Lincoln National Flexible Premium Variable Life Account F; Lincoln National Flexible Premium Variable Life Account G; Lincoln National Variable Annuity Account H; Lincoln Life & Annuity Variable Annuity Account H; Lincoln Life Flexible Premium Variable Life Account J; Lincoln Life Flexible Premium Variable Life Account K; Lincoln National Variable Annuity Account L; Lincoln Life & Annuity Variable Annuity Account L; Lincoln Life Flexible Premium Variable Life Account M; Lincoln Life & Annuity Flexible Premium Variable Life Account M; Lincoln Life Variable Annuity Account N; Lincoln New York Account N for Variable Annuities; Lincoln Life Variable Annuity Account Q; Lincoln Life Flexible Premium Variable Life Account R; LLANY Separate Account R for Flexible Premium Variable Life Insurance; Lincoln Life Flexible Premium Variable Life Account S; LLANY Separate Account S for Flexible Premium Variable Life Insurance; Lincoln Life Variable Annuity Account T; Lincoln Life Variable Annuity Account W; and Lincoln Life Flexible Premium Variable Life Account Y and Lincoln Life & Annuity Flexible Premium Variable Life Account Y; Lincoln Life Variable Annuity Account JF-H; Lincoln Life Variable Annuity Account JF-I; Lincoln Life Flexible Premium Variable Life Account JF-A; Lincoln Life Flexible Premium Variable Life Account JF-C; Lincoln Life Variable Annuity Account JL-A; Lincoln Life & Annuity Flexible Premium Variable Life Account JA-B; Lincoln Variable Insurance Products Trust; Lincoln Advisors Trust.
(b) Officers and Directors of Lincoln Financial Distributors, Inc.:
Name   Positions and Offices with Underwriter
Andrew J. Bucklee*   Senior Vice President and Director
Wilford H. Fuller*   President, Chief Executive Officer and Director
Christopher A. Giovanni*   Senior Vice President and Treasurer
John C. Kennedy*   Senior Vice President, Head of Retirement Solutions Distribution, and Director
MacGregor B. Maitland*   Vice President and Chief Compliance Officer
Thomas P. O'Neill*   Senior Vice President and Chief Operating Officer
Christopher P. Potochar*   Senior Vice President and Director, Head of Finance and Strategy
Claire H. Hanna*   Secretary
*Principal Business address is Radnor Financial Center, 150 Radnor Chester Road, Radnor, PA 19087
(c) N/A
B-6

 

Item 30. Location of Accounts and Records
All accounts, books, and other documents, required to be maintained by Section 31a of the 1940 Act and the Rules promulgated thereunder are maintained by The Lincoln National Life Insurance Company (“Lincoln Life”), 1300 South Clinton Street, Fort Wayne, Indiana 46802 pursuant to an administrative services agreement with Lincoln Life & Annuity Company of New York. Lincoln Life has entered into an agreement with State Street Bank and Trust Company, 801 Pennsylvania Avenue, Kansas City, MO 64105, to provide accounting services for the VAA.
Item 31. Management Services
Not Applicable.
Item 32. Undertakings
(a) Registrant undertakes that it will file a post-effective amendment to this registration statement as frequently as necessary to ensure that the audited financial statements in the registration statement are never more than 16 months old for so long as payments under the variable annuity contracts may be accepted.
(b) Registrant undertakes that it will include either (1) as part of any application to purchase a Certificate or an Individual Contract offered by the Prospectus, a space that an applicant can check to request a Statement of Additional Information, or (2) a post card or a similar written communication affixed to or included in the Prospectus that the applicant can remove to send for a Statement of Additional Information.
(c) Registrant undertakes to deliver any Statement of Additional Information and any financial statements required to be made available under this Form promptly upon written or oral request to Lincoln New York at the address or phone number listed in the Prospectus.
(d) Lincoln Life & Annuity Company of New York hereby represents that the fees and charges deducted under the contract, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by Lincoln Life & Annuity Company of New York.
(e) Registrant hereby represents that it is relying on the American Council of Life Insurance (avail. Nov. 28, 1988) no-action letter with respect to Contracts used in connection with retirement plans meeting the requirements of Section 403(b) of the Internal Revenue Code, and represents further that it will comply with the provisions of paragraphs (1) through (4) set forth in that no-action letter.

SIGNATURES

(a)
As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets the requirements of Securities Act Rule 485(b) for effectiveness of these Registration Statements and has caused these Post-Effective Amendments to the registration statements to be signed on its behalf, in the City of Fort Wayne, and the State of Indiana on this 6th day of August, 2020 at 4:00 pm.

Lincoln Life & Annuity Variable Annuity Account H (File No: 811-08441; CIK:0001045008)

333-141754 (Amendment No. 43)
333-171097 (Amendment No. 28)
333-141756 (Amendment No. 39)
333-176216 (Amendment No. 20)
333-141758 (Amendment No. 40)
333-181617 (Amendment No. 21)
333-141761 (Amendment No. 31)
333-214112 (Amendment No. 9)
333-141763 (Amendment No. 42)
333-234169 (Amendment No. 2)
333-141766 (Amendment No. 37)
333-234170 (Amendment No. 2)

Lincoln New York Account N for Variable Annuities (File No:811-09763; CIK:0001093278)

333-141752 (Amendment No. 43)
333-171096 (Amendment No. 28)
333-141757 (Amendment No. 42)
333-175691 (Amendment No. 24)
333-141759 (Amendment No. 41)
333-176213 (Amendment No. 25)
333-141760 (Amendment No. 33)
333-181616 (Amendment No. 27)
333-141762 (Amendment No. 39)
333-186895 (Amendment No. 24)
333-145531 (Amendment No. 45)
333-214111 (Amendment No. 11)
333-149449 (Amendment No. 31)
  

Lincoln Life & Annuity Variable Annuity Account H
Lincoln New York Account N for Variable Annuities
(Registrant)

By: /s/ Delson R. Campbell                                                                      
Delson R. Campbell
Vice President, Lincoln Life & Annuity Company of New York



Signed on its behalf, in the City of Hartford, and the State of Connecticut on this 7th day of August, 2020 at 3:00 pm.

Lincoln Life & Annuity Company of New York
(Depositor)

By:  /s/ Michelle L. Grindle                                                                      
Michelle L. Grindle
(Signature-Officer of Depositor)
Assistant Vice President, Lincoln Life & Annuity Company of New York


(b) As required by the Securities Act of 1933, these Amendments to the registration statements have been signed by the following persons in their capacities indicated on August 6, 2020 at 4:00 pm.


Signature
Title
   
*/s/ Dennis R. Glass  
Dennis R. Glass
 
President and Director
 
 
*/s/ Ellen Cooper  
Ellen Cooper
 
Executive Vice President, Chief Investment Officer, and Director
 
*/s/ Randal J. Freitag  
Randal J. Freitag
 
Executive Vice President, Chief Financial Officer, and Director
 
*/s/ Lisa M. Buckingham  
Lisa M. Buckingham
 
Director
*/s/ George W. Henderson, III  
George W. Henderson, III
 
 
Director
*/s/ Mark E. Konen  
Mark E. Konen
 
Director
*/s/ M. Leanne Lachman  
M. Leanne Lachman
 
Director
*/s/ Louis G. Marcoccia  
Louis G. Marcoccia
 
Director
* /s/ Patrick S. Pittard  
Patrick S. Pittard
 
Director
 
*    /s/ Delson R. Campbell, pursuant to a Power of Attorney
Delson R. Campbell







B-7