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fixed annuities

Multi-Year Guarantee Annuity Details

Lincoln MYGuarantee Plus 10 (NY)

This annuity product is no longer offered by AnnuityAdvantage. Displayed information is likely outdated.

Product Name

Lincoln MYGuarantee Plus 10 (NY)

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

A
(3rd of 15 ratings)
A+
(5th of 20 ratings)
A1
(5th of 21 ratings)
A+
(5th of 21 ratings)
82
(percentile of rated companies)

Product Information

The Lincoln MYGuarantee Plus 10 is a deferred multi-year guarantee annuity issued by Lincoln Financial Group - Lincoln Life of NY.

This annuity is a premium banded product. The interest rate you earn will vary depending on the amount of premium you deposit (see Rate Details below). Currently, the highest 10 year guarantee period annual yield is 1.00% on premium amounts of $10,000 - $2,000,000.  This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The Lincoln MYGuarantee Plus 10 has a full penalty free withdrawal window after 10 years.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning with the first contract year, and each year thereafter, this annuity provides up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

Lincoln Financial Group - Lincoln Life of NY is rated “A” by A.M. Best, was founded in 1897, and has over $8.7 billion in total assets.

Rate Details

Premium Amount: $100,000 - $2,000,000 High-Band

Current
10 Year Guarantee Period Annual Yield: 1.00%
Interest rate start of year 1 through end of year 10: 1.00%

Premium Amount: $10,000 - $99,999 Low-Band

Current
10 Year Guarantee Period Annual Yield: 1.00%
Interest rate start of year 1 through end of year 10: 1.00%
This annuity product is no longer offered by AnnuityAdvantage. Displayed information is likely outdated.

Initial Surrender Charge and MVA Periods

7 years

10 years

10 years

State variations may exist, refer to product disclosure for details.

Policy Details

Penalty Free Withdrawal Provisions

Death

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Available only in:  NY (as of 04/15/2019)

Notes

After the initial guarantee period, surrender and MVA charges will no longer apply and the interest rate will be declared annually by the company.