Lincoln Financial | Fixed Annuity Rates Effective 11/29/23

Note that the My Guaranteed Plus Fixed Rate Annuity is not available in CA and NY, submission is electronic only.

We have updated our rate lock procedures.  Please see attached for details. 

In an effort to simplify the differences between our Lincoln MYGuarantee^SMPlus rate lock procedures, and that of our fixed-indexed annuities, I wanted to make sure you have this for reference. Thank you!

• Lincoln MYGuarantee^SM Plus (MYGA) is received date, FIA is still signed date
• 7 (calendar days) for “cash” (and business treated like cash, see attached for details) on both, but different start dates

• • • MYGA: To lock in rates before a rate change, the submitted e-application must be received in Annuity New Business by 4pm ET on the business day  (“received date”) prior to the effective date of the rate change. Note that business day means a Lincoln Financial Group regularly scheduled work day.  The contract must be issued on or prior to the 7th calendar day from the received date to receive the rate hold interest rate.
    • FIA: To “lock in” rates before a rate change, the signed application must be received in Annuity New Business within 7 calendar days from the application signed date. These rates will be held for 7 calendar days from the application signed date. Applications received beyond 7 calendar days from the application signed date will receive the rates in effect at that time.

• • 45 days/60 days for transfers

• • • MYGA: 1035 Exchange/Qualified Trustee-to-Trustee transfer: A 45-day rate hold will apply to Lincoln-initiated 1035 exchanges and qualified trustee-to-trustee transfers beginning on the date the application is received, and the contract must be issued within 45 calendar days from the received date.
    • FIA: A 60-day rate hold will apply to 1035 exchanges or qualified trustee-to-trustee transfers. Rates will be locked for 60 calendar days from the date the application is signed. The exchange or transfer must be initiated by Lincoln. A rate hold will not apply to a 60-day rollover

As always, thank you for your business. I hope you and your family have a safe and happy Thanksgiving!