Lincoln Financial Group, Philadelphia, has introduced its new single premium product, Lincoln MYGuaranteeSM Plus deferred fixed annuity. The solution is available for qualified (IRA and Roth IRA) and non-qualified money available for retail distribution to Managing General Agent (MGA) partner firms as well as Lincoln Financial Network.

This new retirement solution helps people secure their financial futures by offering a steady, tax-deferred fixed rate of return without equity risk. The solution also offers interest rate guarantee periods for a specific number of years up to a full decade allowing clients to choose a time period suited to their financial goals.

Lincoln MYGuaranteeSM Plus Fixed Annuity includes:

Growth — The product provides guaranteed, predictable growth over a specific time period and clients can choose one of eight interest rate periods, ranging from three to 10 years.

Protection — Should a client die before the annuity payments begin, the contract’s accumulation value will be paid to the beneficiary they designate. Since some or all of the death benefit may be taxable to the beneficiary, a tax advisor should be consulted about possible tax implications.

Tax-Deferral — The annuity offers tax-deferral enabling people to defer paying taxes until money is withdrawn, allowing assets to earn more.

Emergency Access to Assets — In the event people need emergency access to cash, the product features access to income each year with a 10 percent withdrawal allowed, free of charge, before the interest guarantee period ends. If a withdrawal is made in excess of 10%, a surrender charge and market value adjustment (MVA) are applied. The MVA may be a positive or negative adjustment depending on the interest rates at the time of the withdrawal.

For more information, visit www.LincolnFinancial.com.