Lincoln Insured Income SM Immediate Annuity (SPIA)

This single premium immediate fixed annuity can help address the challenges of creating an adequate source of income for retirement. Lincoln Insured IncomeSM Immediate Annuity provides regular, guaranteed income investors can count on.

Payment options

Consumers can choose from several payment options, based on one life, two lives or a specific timeframe. They choose the frequency of income payments: monthly, quarterly, semi-annual or annual.

Single life options

With these payment options, Lincoln pays income for life. Several options offer a provision for a certain/guaranteed minimum amount of income to be paid, regardless of the timing of death.

Joint-and-survivor options

With these payment options, Lincoln pays income over two lifetimes. Several options offer a provision for a certain/guaranteed minimum amount of income to be paid, regardless of the timing of the last person’s death.

Period certain option

Lincoln pays income for a guaranteed number of payments.

If you have questions or for more information, please contact an advisor.


Contracts are issued by The Lincoln National Life Insurance Company, Fort Wayne, IN. Guarantees are subject to the financial strength and claims-paying ability of The Lincoln National Life Insurance Company. In New York, contracts are issued by Lincoln Life & Annuity Company of New York, Syracuse, NY. For New York residents, guarantees are subject to the claims-paying ability of Lincoln Life & Annuity Company of New York. All features may not be available in all states.

Lincoln Insured IncomeSM Immediate Annuity (SPIA) (contract form ICC16-621, or state variation) is issued by The Lincoln National Life Insurance Company and may not be available in all states. The contract may be referred to as a "certificate" in certain states. The certificate is a group annuity certificate issued under a group annuity contract issued by The Lincoln National Life Insurance Company to a group annuity trust. Waiver of surrender charges for Nursing Home Confinement Rider and Waiver of Surrender Charges for Terminal Illness Rider (form AE-119 and form AE-170, respectively, or state variation) may not be available in all states.

The exact terms of the annuity are contained in the contracts and any attached riders, which will control The Lincoln National Life Insurance Company's contractual obligations. For complete information about the annuity, please also read the Disclosure Statement and Facts-At-A-Glance, or contact your Lincoln National Life Insurance Company representative.

Guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. Products and features are subject to state availability.

Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives and/or insurance agents do not provide tax, accounting or legal advice. Clients should consult their own independent advisor as to any tax, accounting or legal statements made herein.

Not a deposit.

May go down in value.

Not FDIC-insured — Not insured by any federal agency.

Not guaranteed by any bank or savings association.