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Multi-Year Guarantee Annuity Details

Lincoln MYGuarantee Plus 5

Product Name

Lincoln MYGuarantee Plus 5

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

A+
(2nd of 15 ratings)
AA-
(4th of 20 ratings)
A1
(5th of 21 ratings)
A+
(5th of 21 ratings)
91
(percentile of rated companies)

Product Information

The Lincoln MYGuarantee Plus 5 is a deferred multi-year guarantee annuity issued by Lincoln Financial Group - Lincoln National.

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 5 year guarantee period annual yield is 1.45% on premium amounts of $100,000 - $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 5 has a full penalty free withdrawal window after 5 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contract year, and each year thereafter, this annuity provides up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.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 National is rated “A+” by A.M. Best, was founded in 1905, and has over $123.5 billion in total assets.

Rate Details

Sep 15th, 2021
Not Scheduled
5 years

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

Current
5 Year Guarantee Period Annual Yield: 1.45%
Interest rate start of year 1 through end of year 5: 1.45%

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

Current
5 Year Guarantee Period Annual Yield: 1.25%
Interest rate start of year 1 through end of year 5: 1.25%

Initial Surrender Charge and MVA Periods

5 years

5 years

5 years

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

Other Guarantee Periods Available

Policy Details

$10,000
$10,000
$2,000,000
$2,000,000
85
85
60 days
Yes
Accumulation Value
No

Penalty Free Withdrawal Provisions

10%
10%
No
Yes
Death

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

State Variations

Not available in:  AK, CA, MN, MO and NY (as of 12/10/2018)

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.