Lincoln MYGuarantee Plus 7
Multi-Year Guarantee Annuity
The Lincoln MYGuarantee Plus 7 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 7 year guarantee period annual yield is 3.25% 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 7 has a full penalty free withdrawal window after 7 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contract year, and each year thereafter, this annuity provides up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.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 $126.7 billion in total assets.
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May 1st, 2023
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7 years
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| Current | |
|---|---|
| 7 Year Guarantee Period Annual Yield: | 3.25% |
| Interest rate start of year 1 through end of year 7: | 3.25% |
| Current | |
|---|---|
| 7 Year Guarantee Period Annual Yield: | 2.75% |
| Interest rate start of year 1 through end of year 7: | 2.75% |
7 years
7 years
7 years
State variations may exist, refer to product disclosure for details.
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$10,000
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$10,000
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$2,000,000
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$2,000,000
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85
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85
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60 days
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Yes
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Accumulation Value
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No
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10%
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10%
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No
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Yes
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See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.
Not available in: CA and NY (as of 03/15/2022)
After the initial guarantee period, surrender and MVA charges will no longer apply and the interest rate will be declared annually by the company.
