Lincoln Financial Group

Lincoln Financial Group has provided insurance products for over a century. The company helps consumers meet their retirement goals with a variety of fixed, variable, fixed index and income annuity products.

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    Jennifer Schell

    Jennifer Schell

    Financial Writer

    Jennifer Schell joined Annuity.org in 2022. She is a professional writer with more than three years of experience creating content for a variety of industries ranging from travel to tax accounting. She combines her strong writing skills and her passion for educating others to write engaging and informative financial content for Annuity.org.

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    Savannah Hanson
    Savannah Hanson, financial editor for Annuity.org

    Savannah Hanson

    Financial Editor

    Savannah Hanson is an accomplished writer, editor and content marketer. She joined Annuity.org as a financial editor in 2021 and uses her passion for educating readers on complex topics to guide visitors toward the path of financial literacy.

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  • Updated: August 22, 2022
  • This page features 10 Cited Research Articles
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How to Cite Annuity.org's Article

APA Schell, J. (2022, August 22). Lincoln Financial Group. Annuity.org. Retrieved September 22, 2022, from https://www.annuity.org/annuities/providers/lincoln-financial-group/

MLA Schell, Jennifer. "Lincoln Financial Group." Annuity.org, 22 Aug 2022, https://www.annuity.org/annuities/providers/lincoln-financial-group/.

Chicago Schell, Jennifer. "Lincoln Financial Group." Annuity.org. Last modified August 22, 2022. https://www.annuity.org/annuities/providers/lincoln-financial-group/.

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Our Partnerships, Vision and Goals

We pride ourselves on partnering with professionals like those from Senior Market Sales (SMS) — a market leader with over 30 years of experience in the insurance industry — who offer personalized retirement solutions for consumers across the country. Our relationships with partners including SMS and Insuractive, the company’s consumer-facing branch, allow us to facilitate the sale of annuities and other retirement-oriented financial products to consumers who are looking to purchase safe and reliable solutions to fill gaps in their retirement income. We are compensated when we produce legitimate inquiries, and that compensation helps make Annuity.org an even stronger resource for our audience. We may also, at times, sell lead data to partners in our network in order to best connect consumers to the information they request. Readers are in no way obligated to use our partners’ services to access the free resources on Annuity.org.

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About Lincoln Financial Group

Lincoln Financial Group (LFG) was founded as the Lincoln National Corporation in 1905. By 1933, the company had over $1 billion of active insurance policies. LFG managed to survive the trials of the Great Depression and continued to grow, becoming the ninth-largest insurance company in the U.S. by 1955.

The company has kept up this growth over time, and today remains one of the largest insurance companies in the country. According to their website, Lincoln Financial Group “has helped millions of people find peace of mind while planning their finances, buying insurance, choosing employee benefits and saving through workplace retirement plans.”

In addition to providing annuities, Lincoln Financial Group offers life insurance, retirement plans and employee benefit plans for businesses.

Current Lincoln Financial Group annuity holders can reach out to the company with questions using one of the following toll-free numbers (depending on the type of annuity product):

For American Legacy® variable annuities: 800-942-5500

For Lincoln Choice PlusSM and individual variable annuities: 888-868-2583

For Lincoln Level AdvantageSM indexed variable annuities: 877-737-6872

For fixed and indexed annuities issued April 1, 2011 or after: 888-916-4900

For fixed and indexed annuities issued prior to April 1, 2011: 800-950-2454

Credit Ratings

Before you purchase an annuity, check the credit ratings of the company you wish to purchase from. These ratings tell you how financially stable the provider is, giving you confidence in the company’s ability to fulfill its end of the annuity contract.

Lincoln Financial Group holds high credit ratings from the four major credit rating agencies. Three of these agencies categorized the company’s outlook as stable, while one scored the company’s outlook as negative.

Lincoln Financial Group Credit Ratings
Credit AgencyRatingOutlook
AM BestA+Stable
FitchA+Stable
Moody'sA1Stable
S&P Global RatingsAA-Negative

Annuity Products Offered by Lincoln Financial Group

Lincoln Financial Group offers consumers one of the broadest portfolios of annuity products available in the country. The types of annuities LFG issues include fixed, income, multi-year guaranteed, fixed indexed and variable annuities. Each annuity’s rates may vary depending on the product type and location.

Fixed Annuities

LFG’s Lincoln MYGuaranteeSM Plus single premium deferred annuity converts a lump sum of savings into a guaranteed income stream that pays out monthly. Like most fixed annuities, this product earns a fixed interest rate that the annuity holder agrees to when the contract is signed.

Income Annuities

The Lincoln Insured IncomeSM single premium immediate fixed annuity is what’s known as an income annuity. This product differs from other types of fixed annuities in that it immediately converts a large sum of cash into annuity payments. Annuity holders can choose to structure the annuity’s payments over one life, two lives or a specific timeframe. They can also choose the frequency of the payments and can receive them monthly, quarterly, annually or semi-annually.

Multi-Year Guaranteed Annuities

Another type of fixed annuity offered by LFG, the Lincoln MYGuaranteeSM Plus single premium deferred annuity, is what’s known as a multi-year guaranteed annuity (MYGA). This annuity offers a guaranteed initial interest rate for five to 10 years, with interest rates set annually after the initial interest period. The subsequent interest rates will never be lower than the initial rate. The fixed account interest paid by this MYGA is credited and compounded daily.

Fixed Indexed Annuities

LFG’s fixed indexed annuity offerings combine the security of fixed annuities with the growth potential of variable annuities. These products pay a guaranteed fixed interest rate and can earn additional money based on the equity market index they’re tied to.

Lincoln Financial Group’s fixed-indexed annuity products include:
  • Lincoln OptiBlend®
  • Lincoln Covered Choice® 5
  • Lincoln Covered Choice® 5 II
  • Lincoln Covered Choice® Advisory 5 II
  • Lincoln FlexAdvantage®

Variable Annuities

LFG’s options for variable annuities give customers the opportunity to participate in equity market growth while guaranteeing a monthly income stream in retirement. The range of variable annuity products offered allows customers to choose from different features and benefits to find the plan that best suits their needs.

Lincoln Financial Group offers the following variable annuity products:
  • American Legacy®
  • American Legacy® Target Date Income
  • Lincoln Investor Advantage®
  • Lincoln Level Advantage®
  • Lincoln ChoicePlus℠
Interested in Buying an Annuity?
Learn about the different types of annuities and find out which one is right for you.

Client Resources

Lincoln Financial Group annuity holders can view and update their annuity accounts online. If you need to file a claim for an annuity, you can do so online using LFG’s Lincoln i-Claim Process.

LFG provides online access to annuity forms including those for:
  • Additional Deposit
  • Authorization for Disclosure of Information
  • Authorization for Release of Information
  • Change of Beneficiary
  • Power of Attorney Affidavit
  • Qualified Annuity Claimants Statement
If you have an annuity with Lincoln Financial Group, you can log into your account at:

 


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Last Modified: August 22, 2022

10 Cited Research Articles

Annuity.org writers adhere to strict sourcing guidelines and use only credible sources of information, including authoritative financial publications, academic organizations, peer-reviewed journals, highly regarded nonprofit organizations, government reports, court records and interviews with qualified experts. You can read more about our commitment to accuracy, fairness and transparency in our editorial guidelines.

  1. Lincoln Financial Group. (2022, February 1). Ratings. Retrieved from https://www.lincolnfinancial.com/public/aboutus/investorrelations/financialinformation/ratings
  2. Lincoln Financial Group. (n.d.) Annuity Resources. Retrieved from https://www.lincolnfinancial.com/public/individuals/support/customerservice/annuityresources#startaclaim
  3. Lincoln Financial Group. (n.d.) Annuity Solutions for Advisors. Retrieved from https://www.lfg.com/ss/Satellite?c=Page&cid=1427931868574&d=Touch&pagename=LFG%2FPage%2FSubTopicPageTwoLevel%28D2%29
  4. Lincoln Financial Group. (n.d.) Fixed Annuities. Retrieved from https://www.lincolnfinancial.com/public/individuals/products/annuities/fixedannuities
  5. Lincoln Financial Group. (n.d.) Fixed Indexed Annuities. Retrieved from https://www.lincolnfinancial.com/public/individuals/products/annuities/fixedindexedannuities
  6. Lincoln Financial Group. (n.d.) History and Timeline. Retrieved from https://www.lincolnfinancial.com/public/aboutus/companyoverview/whoweare/historyandtimeline
  7. Lincoln Financial Group (n.d.) Lincoln Insured IncomeSM Immediate Annuity (SPIA). Retrieved from https://www.lincolnfinancial.com/public/individuals/products/annuities/fixedannuities/lincolninsuredincomeimmediateannuityspia
  8. Lincoln Financial Group. (n.d.) Lincoln MYGuaranteeSM Plus Fixed Annuity. Retrieved from https://www.lincolnfinancial.com/public/individuals/products/annuities/fixedannuities/lincolnmyguaranteeplusfixedannuity
  9. Lincoln Financial Group. (n.d.) Our Strategy. Retrieved from https://www.lincolnfinancial.com/public/aboutus/companyoverview/ourstrategy
  10. Lincoln Financial Group. (n.d.) Variable Annuities. Retrieved from https://www.lincolnfinancial.com/public/individuals/products/annuities/variableannuities