• Written By
    Jennifer Schell

    Jennifer Schell

    Financial Writer

    Jennifer Schell is a professional writer focused on demystifying annuities and other financial topics including banking, financial advising and insurance. She is proud to be a member of the National Association for Fixed Annuities (NAFA) as well as the National Association of Insurance and Financial Advisors (NAIFA).

    Read More
  • Edited By
    Savannah Pittle
    Savannah Pittle, senior financial editor for Annuity.org

    Savannah Pittle

    Senior Financial Editor

    Savannah Pittle 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.

    Read More
  • Financially Reviewed By
    Thomas J. Brock, CFA®, CPA
    headshot of Thomas J. Brock, CFA, CPA

    Thomas J. Brock, CFA®, CPA

    Investment, Corporate Finance and Accounting Expert

    Thomas Brock, CFA®, CPA, is a financial professional with over 20 years of experience in investments, corporate finance and accounting. He currently oversees the investment operation for a $4 billion super-regional insurance carrier.

    Read More
  • Updated: July 4, 2023
  • 5 min read time
  • This page features 10 Cited Research Articles
Fact Checked
Fact Checked

Annuity.org partners with outside experts to ensure we are providing accurate financial content.

These reviewers are industry leaders and professional writers who regularly contribute to reputable publications such as the Wall Street Journal and The New York Times.

Our expert reviewers review our articles and recommend changes to ensure we are upholding our high standards for accuracy and professionalism.

Our expert reviewers hold advanced degrees and certifications and have years of experience with personal finances, retirement planning and investments.

Why Trust Annuity.org
Why You Can Trust Annuity.org
Annuity.org has provided reliable, accurate financial information to consumers since 2013. We adhere to ethical journalism practices, including presenting honest, unbiased information that follows Associated Press style guidelines and reporting facts from reliable, attributed sources. Our objective is to deliver the most comprehensive explanation of annuities and financial literacy topics using plain, straightforward language.

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.

Annuity.org carefully selects partners who share a common goal of educating consumers and helping them select the most appropriate product for their unique financial and lifestyle goals. Our network of advisors will never recommend products that are not right for the consumer, nor will Annuity.org. Additionally, Annuity.org operates independently of its partners and has complete editorial control over the information we publish.

Our vision is to provide users with the highest quality information possible about their financial options and empower them to make informed decisions based on their unique needs.

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

Lincoln Financial Group is a massive financial institution, with revenues approximating $20 billion for the year 2021. This includes nearly $12 billion in annuity sales, a figure that underscores the firm’s experience in this space.

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 Agency Rating Outlook
AM Best A+ Stable
Fitch A+ Stable
Moody’s A1 Stable
S&P Global Ratings AA- Negative
Source: Lincoln Financial Group

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 index 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 Index Annuities

LFG’s fixed index 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℠
Annuity rates on a phone

Purchase an Annuity Today

Learn how an investment today can provide guaranteed income for life.

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:

Lincoln Financial Group’s Account Login Page

About Annuity.org

Annuity.org has provided reliable, accurate and trustworthy financial information to readers since 2013. We partner with professionals like those from Senior Market Sales (SMS), a market leader with over 30 years of experience in the insurance industry, to offer personalized retirement solutions for consumers across the country.

Any information offered about the company above is provided free of charge and individual product offerings are verified and accurate as of publication.

Our partners work with each of the provider companies mentioned on our site. However, Annuity.org is not a service provider. Actual products, terms and rates offered through the above company are subject to in-state availability and a variety of other factors. Visit the Our Partners page for additional information.

Please seek the advice of a qualified professional before making financial decisions.
Last Modified: July 4, 2023