Lincoln MYGuarantee Plus
Highlights
Premium Type
|
Single Premium
|
---|---|
Max age Qualified
|
85
|
Minimum Contribution
|
$10,000
|
Maximum Contribution
|
$2,000,000
|
Market value adjustment
|
|
Return of premium
|
|
Free withdrawal
|
1st year: -100% 2nd+ year: 10% |
Launch date
|
11/16/2020 |
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, 1035 Exchange, Stretch IRA, and NQ Stretch |
Brochure
|
Open brochure |
The value of this fixed product cannot go down unless the contract owner takes a withdrawal. The product has an initial interest rate guarantee period, with subsequent interest rates renewing annually on the contract anniversary. 5, 7, and 10 year guarantee periods currently offered.
The death benefit is equal to the greater of the accumulation value or the Guaranteed Minimum Cash Surrender Value.
No return of premium feature.
Free Withdrawals
During the surrender charge period, 10% of the accumulation value is available per contract year. This partial surrender can be taken without a Market Value Adjustment (MVA) or surrender charge. If the withdrawal takes the accumulation value below $5,000, it may be treated as a full surrender.
Market Value Adjustment (MVA)
An MVA and a surrender charge will apply if you access more than the 10% free withdrawal before the end of the initial interest rate guarantee period. The MVA is a positive or negative adjustment based on the current interest rate environment at the time of surrender. The MVA does not apply to withdrawals after the surrender charge period, 10% free withdrawals, the death benefit, or when the contract is annuitized.
Find out if the Lincoln MYGuarantee Plus is the right product for you.
MYGA Interest Rates
Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
---|---|
5 years | 4.4% |
7 years | 4.4% |
Traditional Fixed Annuity Interest Rates
Surrender Years | First Year Yield | Term Guaranteed Yield | Term Current Yield |
---|---|---|---|
7 | 3.2% | 3.2% | 3.2% |
Riders
No Riders for Lincoln MYGuarantee Plus annuity.
Waivers
Death
This contract provides a death benefit equal to the accumulation value if the owner’s or annuitant’s death occurs before the annuity payments begin. The death benefit is subject to any applicable taxes.
Nursing Home
Unavailable in states: MA
The nursing home waiver does not include home health care.
Terminal Illness
Contact us to get more information about this waiver.
Annuitization
Available after the 5th policy year. In FL, available after the 1st policy year.
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