Important Lincoln Annuity Rate Update Effective 11/29/2023
We’re having a slight rate deduction on 11/29 for OptiBlend Index Annuity and our MyGuarantee Plus Fixed Annuity (MYGA). See attached rate sheets for details.
(MYGA) MYGuarantee Plus *$100K Premium Tier
5 Year Rate: 5.4%
7 Year Rate: 5.4%
(FIA) OptiBlend Index Annuity * $100K Premium Tier
OptiBlend 5
1 Yr. Fixed Bucket: 5.15%
1 Yr. S&P 500 Trigger: 9.75%
1 Yr. S&P 500 Cap: 10.75%
1 Yr. S&P 500 PAR: 55%
OptiBlend 7
1 Yr. Fixed Bucket: 5.20%
1 Yr. S&P 500 Trigger: 10%
1 Yr. S&P 500 Cap: 11%
1 Yr. S&P 500 PAR: 60%
OptiBlend 10
1 Yr. Fixed Bucket: 5%
1 Yr. S&P 500 Trigger: 9.10%
1 Yr. S&P 500 Cap: 10.40%
1 Yr. S&P 500 PAR: 60%
Please note updated rate lock procedures for Lincoln MYGuaranteeSM Plus, and our fixed-indexed annuities. See attached for details.
- Lincoln MYGuaranteeSM Plus (MYGA) is received date, FIA is still signed date
- 7 (calendar days) for “cash” (and business treated like cash, see attached) 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 workday. 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