Lincoln Financial Group (LFG), founded in 1905 as Lincoln National Corporation, has grown to become one of the largest insurance companies in the United States. With a history that includes weathering the Great Depression, Lincoln Financial has continually evolved to meet the needs of its customers.
Lincoln Financial Group offers a broad range of annuity products, including fixed annuities, income annuities, multi-year guaranteed annuities, fixed index annuities, and variable annuities. Each of these products caters to different financial goals and preferences:
Fixed Annuities: The Lincoln MYGuarantee Plus single premium deferred annuity is designed to convert a lump sum into a guaranteed income stream, earning a fixed interest rate agreed upon at the contract's inception.
Income Annuities: Products like the Lincoln Insured Income immediate fixed annuity convert a large sum into annuity payments immediately. These can be structured over various timeframes and for single or joint lives, with different payment frequencies.
Multi-Year Guaranteed Annuities (MYGAs): The Lincoln MYGuarantee Plus offers a guaranteed initial interest rate for five to ten years. The rates for subsequent years are set annually and will not be lower than the initial rate.
Fixed Index Annuities: These combine the security of fixed annuities with the growth potential of variable annuities. LFG's offerings in this category include Lincoln OptiBlend®, Lincoln Covered Choice®, and Lincoln FlexAdvantage®.
Variable Annuities: LFG provides a range of variable annuity products like American Legacy®, Lincoln Investor Advantage®, and Lincoln ChoicePlus℠. These offer the opportunity to participate in equity market growth while providing a guaranteed income stream in retirement.
It is rated as follows by the rating agencies:
| Rating Agency | Rating |
|---|---|
| AM Best | A (3rd of 13 ratings) |
| S&P | A+ (5th of 21 ratings) |
| Fitch Ratings | A+ (5th of 19 ratings) |
| Moody's Investors Service | A2 (6th of 21 ratings) |
Lincoln National Life Insurance Company has managed to maintain decent ratings for many years. It is considered to be strong and stable financially. In 2025, the company paid out nearly $7.76 billion in claims and benefits. As of year-end 2025, some of the other financial highlights for Lincoln National Life Insurance Company include its:
- $18.21 billion in total sales$10.91 billion of stockholders' equity$1.18 billion in net income$417.2 billion in total assets
As part of our effort to provide unbiased, data-driven analysis, we have carefully reviewed several Lincoln Financial annuity products. Our reviews take a deep dive into the key components of each product, evaluating factors such as the indexes used, crediting methods, cap and participation rates, surrender charge schedules, available rider options, the company’s overall financial strength, and more.
We understand that choosing the right annuity can be a complex decision, influenced by a myriad of factors such as market conditions, individual financial goals, and evolving life circumstances. To better serve you in this critical decision-making process, we regularly conduct in-depth reviews of various annuity products, examining features, costs, and potential benefits. Delve deeper into our extensive reviews here.
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