Fixed index annuity review and rates

Lincoln Covered Choice 5 II Advisory

Lincoln Covered Choice Advisory 5 II fixed indexed annuity is a flexible premium deferred annuity that offers several features to help meet accumulation and income needs.

Scheduled maturity date 
The later of the 10th contract anniversary or the anniversary on or immediately following the annuitant’s 95th birthday. Maturity date may be changed to any date after the fifth contract year. 
Available in states: AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4.35% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
9% Cap
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
7.5% Performance triggered
1-Year Fixed Account
Fixed
4.6% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.5% Cap
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
8% Performance triggered

Surrender schedule

Year 1 2 3 4 5
Penalty 2% 2% 2% 2% 2%
Lincoln National Life Insurance Company
Founded: 1905
A.M. Best: A+
Fitch: A+
S&P: A+
Moody's: A1
Carrier details
Free withdrawal
10%
Surrender schedule
5 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA-Roth, Stretch IRA, and NQ Stretch