Ranked as a Best Annuity Company of 2025
Lincoln Financial

Key Company Metrics
AM Best Rating: A (Excellent)
Years in Business: 120 Years
Direct Premiums Sold: $14.4 billion
Product Availability: Fixed, fixed index, deferred, immediate and variable annuities
“Trusted, dependable, and income-focused — Lincoln is a safe choice for retirees seeking long-term security.”
– Annuity.org Agent Poll Insight
Lincoln Financial Product Types & Features
Lincoln Financial stands out for the breadth of its annuity portfolio, offering fixed, fixed index, deferred, immediate, and variable annuities. This diversity allows customers to select from virtually every major annuity type, rather than focusing on just one or two categories.
Lincoln MYGuarantee℠ Plus Fixed Annuity
The Lincoln MYGuarantee℠ Plus Fixed Annuity is a single premium product available in five, seven, or 10-year terms. It offers predictable growth with a guaranteed interest rate for the selected term. In addition, you can expect a number of income payout options as well as a terminal illness and nursing home waiver.
Who It Works Best For: Buyers seeking a straightforward, low-maintenance fixed annuity with guaranteed returns.
Lincoln Insured Income℠ Immediate Annuity
The Lincoln Insured Income℠ Immediate Annuity (SPIA) is a single premium product that allows customers to customize their payout frequency and choose between single life, joint-and-survivor, or term certain income options. You can also opt for an optional annual compounded increase of 1%, 2%, or 3%.
Who It Works Best For: Retirees wanting immediate guaranteed income with flexible payout structures.
Lincoln Deferred Income Solutions℠ Annuity
The Lincoln Deferred Income Solutions℠ Annuity is a flexible deferred product that allows multiple payment options to meet future income needs. Single life, joint-and-survivor, and term income are all available. You may also accelerate six monthly payments into one payment as you need to, up to three times during the income phase.
Who It Works Best For: Buyers planning ahead for retirement income starting at a future date.
Comparing Lincoln Financial Fixed, Deferred and Immediate Annuities
Product | Type | Premium Type | Minimum Premium | Key Features | Best Fit |
---|---|---|---|---|---|
Lincoln MYGuarantee℠ Plus | Fixed | Single Premium | Varies | Five, seven, or 10 year terms, guaranteed fixed rate | Buyers seeking stability and predictable returns |
Lincoln Insured Income℠ | Immediate (SPIA) | Single Premium | Varies | Customizable payout frequency; single life, joint-and-survivor, or term certain | Retirees wanting immediate income with flexible payout options |
Lincoln Deferred Income Solutions℠ | Deferred Income | Flexible | Varies | Multiple payment options, tailored future income | Buyers planning for income at a later date |
Lincoln Financial Fixed Index Annuities
Lincoln offers four base fixed index annuities, each designed to provide index-linked growth with downside protection.
- Lincoln OptiBlend® – Surrender charge schedules of five, seven, or 10 years.
- Lincoln Covered Choice® 5 II – Updated version with additional features.
- Lincoln Covered Choice Advisory® 5 II – Advisory platform option.
- Lincoln FlexAdvantage® – Flexible index-linked structure.
These annuities guarantee that you will never earn less than 0% in a crediting period. Most have a five-year surrender period, with annual rate resets after the surrender term ends. Access to the S&P 500 is standard, though index variety is more limited compared to some competitors.
Who They Work Best For: Buyers wanting protection from market losses with modest growth potential tied to a major market index.
Comparing Lincoln Financial Fixed Index Annuities
Product | Surrender Schedule | Index Access | Key Features | Best Fit |
---|---|---|---|---|
Lincoln OptiBlend® | 5, 7, or 10 years | S&P 500 | Annual interest rate reset after surrender period; guaranteed minimum crediting of 0% | Buyers wanting protection and moderate growth potential |
Lincoln Covered Choice® 5 II | 5 years | S&P 500 | Updated features; similar structure to Covered Choice® 5 | Buyers seeking an updated version of the Covered Choice product |
Lincoln Covered Choice Advisory® 5 II | 5 years | S&P 500 | Advisory platform option | Clients working through an advisor |
Lincoln FlexAdvantage® | Varies | S&P 500 | Flexible structure with protection from market losses | Buyers wanting customization within indexed products |
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Lincoln Financial Variable Annuities
Lincoln offers five base variable annuity options, each with multiple variations, providing one of the largest variable annuity lineups in the industry.
- American Legacy® Series – Seven versions available, each with different investment and benefit structures.
Lincoln variable annuities allow a wide selection of benefits, including multiple income and death benefit rider options. The range of products and customizability allows buyers to tailor a contract to their specific needs.
Who They Work Best For: Investors seeking growth potential with extensive flexibility in customizing benefits and investment options.
Comparing Lincoln Financial Variable Annuities
Product | Key Features | Best Fit |
---|---|---|
American Legacy® Series | Multiple variations with customizable investment and income benefits | Investors seeking a wide range of variable annuity options and flexibility |
Other VA Offerings | Multiple income and death benefit rider options; broad investment menu | Buyers wanting to tailor a variable annuity to their personal retirement goals |
Today’s Best Lincoln Financial Annuity Rates
Term | Product | AM Best Rating | Rate |
---|---|---|---|
7 Years | Lincoln Select | A | 5.50 % |
10 Years | Lincoln Select | A | 5.55 % |
10 Years | MyGuarantee Plus | A | 5.50 % |
Buy an Annuity From Lincoln Financial Today
If you’d like to see how Lincoln Financial’s annuities compare, our side-by-side guide makes it easy. In clear, straightforward terms, you can review details like contract terms, guarantees, and payout options so you can confidently choose the product that best supports your retirement goals.
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Product |
Rate
|
Guarantee Period
|
Surrender Period
|
AM Best Rating
|
---|---|---|---|---|
Lincoln Financial Lincoln Select |
5.50% | 7 Years | 7 Years | A |
Lincoln Financial Lincoln Select |
5.25% | 5 Years | 5 Years | A |
Lincoln Financial Lincoln Select |
5.55% | 10 Years | 10 Years | A |
Lincoln Financial MyGuarantee Plus |
5.25% | 7 Years | 7 Years | A |
Lincoln Financial MyGuarantee Plus |
5.05% | 5 Years | 5 Years | A |
Customer Satisfaction and Complaint History
While large companies sometimes struggle to maintain strong customer service, Lincoln Financial has demonstrated consistently high satisfaction levels. The company appeared in both the 2023 and 2024 J.D. Power U.S. Individual Annuity Studies, which measure the experiences of annuity buyers. Lincoln scored above the industry average in 2023 and improved further in 2024, earning the fifth-highest score among all providers. 2025 ratings have yet to be released.
Industry experts also recognize Lincoln Financial for its product quality and growth protection features.
Another strong company that uses the traditional S and P Index in its products and offers all different kinds of annuities for the traditional long term investor. String ratings and massive sales makes Lincoln a choice for many investors.
Lincoln Financial also holds a strong NAIC Complaint Index.NAIC Complaint IndexDetermined by dividing the company’s share of complaints in the U.S. market by the company’s share of premiums in the U.S. market. The National Complaint Index is always 1.00, so a score of 2.00, for example, is twice as high as expected in the market. of 0.00, meaning it receives slightly fewer complaints than expected for a company of its size. The National Association of Insurance Commissioners (NAIC) compiles this index annually based on consumer complaints reported to state insurance departments, offering an objective measure of a provider’s service quality.
NAIC Complaint Index for Lincoln Financial
Individual Annuities Only | 0.21 |
Manage Your Lincoln Financial Annuity Online
Lincoln Financial’s secure online account portal allows you to view your contract details, track performance, and manage your annuity anytime, from anywhere. Logging in is the fastest way to stay informed about your policy and make the most of your retirement plan. You can also access your account through the Lincoln Financial mobile app, available for both iPhone and Android devices.
Log into your provider account or connect with customer service at (877) 275-5462.
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