Lincoln MYGA Rates are Going Up Effective 02/27/2024
*$100K+ Premium
5 Year Rate
5.15%
7 Year Rate
5%
- No 30-Day Renewal Window
- 10% Free Withdrawal in 1st Year
- For NEW Fixed (MYGA, SPIA, DIA) rate lock procedures click here
- 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 links above for details. In an effort to simplify the differences between our Lincoln MYGuaranteeSM Plus rate lock procedures, and that of our fixed-indexed annuities, I wanted to make sure you have this for reference. Thank you!
Lincoln MYGuaranteeSM 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 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.
- 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.