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What is an annuity?

An annuity is a financial product that can offer tax-advantaged options to protect or grow your initial investment while providing protected income in retirement.

Here's how annuities work

You can fund an annuity in a few different ways, including with a rollover from your existing IRA or 401(k). In some cases, you can also add money over time. You choose how your money is invested. Some annuities invest in the market. Other annuities offer a fixed rate or an interest rate linked to the performance of a market index. When you and your financial professional decide the time is right, you can begin taking income payments. 

Know your options

With an annuity from Lincoln Financial, you may be able to choose from a range of benefit options, available for an additional cost, to help customize your annuity to best suit your family’s needs. Benefit options can address things like how and when you take income, whether your spouse or loved ones are covered as well, how much income you get, and what it costs.

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Know what you're paying for

Annuities may cost less than you think. Some annuities have no direct costs, and other annuities have costs that reflect the benefits they provide.

Learn more about costs


See how people like you benefit from annuities

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Retire on your timeline 
See how annuities provide protected growth
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Maintain your lifestyle
Learn about income you can't outlive
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Provide for your loved ones
See how to leave a legacy

How much money will I need to save in retirement?

Try the retirement calculator

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What's an annuity?
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