Elder people looking happily into the distance

What type is right for me?

The two main types of annuities are fixed and variable. While both options provide guaranteed income in retirement, they each offer different features and benefits.  

Fixed annuities

With a fixed annuity, premiums go toward predictable returns, growth potential and the possibility of a lifetime income stream. 

We offer three types of fixed annuities:

Variable annuities

A variable annuity is a flexible income solution designed for retirement that provides a guaranteed lifetime income stream. Consumers can also capture growth potential over time through the performance of underlying investment options.

To decide if a variable annuity is right for you, consider that its value will fluctuate; it’s subject to investment risk and possible loss of principal; and there are costs associated. All guarantees, including those for optional features, are subject to the claims-paying ability of the issuer. Limitations and conditions apply.

Fixed Indexed Annuity and Variable Annuity Optional Benefits

  Fixed Annuities Variable Annuities
Tax-Deferred Growth Yes Yes
Guaranteed Death Benefits Yes Yes
Optional Riders (additional cost) Lincoln Lifetime IncomeSM Edge

i4LIFE® Indexed Advantage
i4LIFE® Advantage
4LATER® Advantage
Lincoln Lifetime IncomeSM Advantage
Lincoln Market Select® Advantage
Lincoln Long-Term CareSM Advantage
Invested Directly in the Market No Yes
Professionally Managed Investment Portfolios No Yes
Options for a Guaranteed Income Stream Yes Yes
Unlimited Growth Potential No Yes
Principal Protection Yes No
  Read more about Fixed Annuities Read more about Variable Annuities

Investors are advised to consider the investment objectives, risks, and charges and expenses of the variable annuity and its underlying investment options carefully before investing. The applicable variable annuity prospectuses contains this and other important information about the variable annuity and its underlying investment options. Please call 888-868-2583 for a free prospectus. Read it carefully before investing or sending money. Products and features are subject to state availability.

A fixed annuity is intended for retirement or other long-term needs. It is intended for a person who has sufficient cash or other liquid assets for living expenses and other unexpected emergencies, such as medical expenses. A fixed indexed annuity is not a registered security or stock market investment and does not directly participate in any stock or equity investments, or index. The index used is a price index and does not reflect dividends paid on the underlying stocks.

What are the tax advantages of an annuity?
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