Income built to last a lifetime
Designed to create income you can count on —
no matter what tomorrow brings
Take out the guesswork with a Lincoln fixed indexed annuity and its built-in income benefit, Lincoln ProtectedPay® Select.1 Here's a closer look at how lifetime income works in a FIA.
Protected retirement savings and growth
- Grow future income by 9% each year2
- Capture upside potential for your account value
- Stay 100% protected from market losses
Protected lifetime income
- Count on income that will never go down
- Plan for certainty with lifetime income payments
- Add protection for a spouse
Protected legacy for loved ones
- Plan for both income and a meaningful legacy
- Leave beneficiaries the full purchase amount3
- Available for an additional cost of 0.45%
Click through each tab to see how it works in each phase of retirement.
- Protected savings and growth
- Protected lifetime income
- Protected legacy for loved ones
Sam, age 65, worked with his financial professional to allocate $500,000 to a fixed indexed annuity with Lincoln ProtectedPay® Select and the Estate LockSM Death Benefit. Since he’s not retiring right away, his Protected Income Base (the amount used to calculate his lifetime income) grows by 9% each year he waits to take income.
At the same time, his account value grew to over $600,000, based on the performance of the growth strategies he selected.
This chart is for illustrative purposes only. It does not reflect a specific allocation. Past performance does not guarantee future results. Guarantees are subject to the claims-paying ability of the issuer.
When Sam is ready to take income at age 70, his Protected Income Base has grown to $725,000. With a withdrawal rate of 6.10% based on his Protected Income Base, his Protected Annual Income payments will be $44,225 guaranteed for life.
This chart is for illustrative purposes only. It does not reflect a specific allocation. Past performance does not guarantee future results. Guarantees are subject to the claims-paying ability of the issuer.
When Sam passed away ten years later, the Estate LockSM Death Benefit allowed him to leave his full purchase amount of $500,000 to his daughter since his account value was greater than zero1 — even after taking $442,250 in income — bringing the total payout in this example to $942,250. He would have passed on the account value any year it was higher than $500,000.
This chart is for illustrative purposes only. It does not reflect a specific allocation. Past performance does not guarantee future results. Guarantees are subject to the claims-paying ability of the issuer.
Explore our fixed indexed annuity income products
The products below are subject to firm and state approvals:
Lincoln ProtectedPay® Select
See income rates
Estate LockSM Death Benefit
Take a closer look1Lincoln ProtectedPay® Select is automatically included at issue for an annual cost of 1.10% single or joint (maximum annual charge is 2.25%).
2The 9% simple annual growth will continue for the earlier of 10 years or through age 85 (based on the oldest life for joint) and is not available in any year a withdrawal is taken. The Protected Income Base is not available as a separate benefit upon surrender, death or annuitization.
3There is a cap for the Estate LockSM Death Benefit equal to the greater of (a) 125% of the contract’s cash surrender value, and (b) the lesser of premium(s) minus the sum of all withdrawals accumulated at an annualized interest rate of 10% or 250% of premium(s) minus the sum of all withdrawals. FL and SC contracts are not subject to the cap. If your account value reaches $0, your income will continue for life but the Estate LockSM Death Benefit will terminate.
Date last updated: 03/13/2026