Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Financial Planning > Tax Planning

Lincoln Financial Group launches Lincoln MYGuarantee Plus Fixed Annuity

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

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Tax-Deferral — The annuity offers tax-deferral enabling people to defer paying taxes until money is withdrawn, allowing assets to earn more.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

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.