MYGuarantee Plus 10 review

For the right buyer, yes. This is a solid annuity for someone who wants a guaranteed fixed rate for ten years, does not need the money during that window, and values simplicity over upside potential. It is less attractive for someone who wants flexibility, expects to take more than 10% per year from the contract, or is shopping primarily on rate competitiveness in the MYGA space — there are longer-term MYGAs from other carriers that may offer higher yields, depending on the market environment.

As of October 2025, the credited rates are 3.70% for premiums under $100,000 and 4.95% for premiums of $100,000 or more, guaranteed for the full ten-year term. Those figures are snapshots and will vary with market conditions at the time of purchase.

The main reason to buy Lincoln MYGuarantee Plus 10 is certainty. You know the rate, you know the term, and you know the carrier. For a buyer who has experienced market losses and wants a portion of their retirement savings protected from any further volatility, a decade-long guaranteed rate from a carrier with A.M. Best's A rating can be genuinely comforting.

A secondary reason is the death benefit. The full account value passes to beneficiaries before annuitization, subject to applicable taxes, with no haircut. That is what most buyers expect from a basic annuity death benefit, and this product delivers it cleanly.

I think Lincoln MYGuarantee Plus 10 is best for the conservative buyer who has a meaningful sum — ideally at or above $100,000 to access the higher rate band — and does not expect to need that money for a full decade. It is also a reasonable fit for someone who wants to complement a broader retirement portfolio with a guaranteed-return anchor and is comfortable that the annuity handles no investment risk management on their behalf.

It is less appealing for someone who wants market-linked growth potential, expects to need liquidity beyond the 10% annual free-withdrawal amount, or is sensitive to the MVA risk that comes with early surrenders.

You are buying a guaranteed interest rate for ten years, issued by a large, established insurance company. There is no index participation, no upside sharing, and no variable component. The contract credits a fixed rate each year, and that rate does not change for the term. In exchange, you are locking up principal for a decade. The value of the contract comes entirely from the certainty of the rate and the creditworthiness of the carrier — not from market performance.

Lincoln MYGuarantee Plus 10 credits interest at a fixed rate guaranteed for the entire ten-year term. As of October 2025, that rate is 3.70% for premiums below $100,000 and 4.95% for premiums of $100,000 or more. Interest compounds annually inside the contract. At the end of the surrender period, the full accumulated value is available without charge.

Rate banding is worth understanding before buying. The difference between 3.70% and 4.95% compounds meaningfully over ten years. A buyer investing $90,000 versus $100,000 is not just crossing a threshold — they are locking in a materially different return for a decade. If your premium is close to $100,000, it may be worth considering whether topping up to that level makes sense.

The most relevant secondary features here are the waiver provisions. The Nursing Home Confinement Rider and Terminal Illness Waiver allow access to account value without surrender charges or the market value adjustment if the owner is confined to a nursing home or diagnosed with a terminal illness, subject to contract terms. These are not available in Massachusetts, and the terminal illness waiver is generally available in most other approved states.

These waivers are meaningful because one of the biggest concerns with a 10-year MYGA is the what-if scenario — what if circumstances change? The waiver provisions do not eliminate illiquidity risk, but they do provide a practical safety valve in serious health events, which makes the long commitment more defensible for many buyers.

This is a 10-year contract, and the surrender schedule is active for all ten years. The schedule steps down from 7% in years one and two through 1% in years eight, nine, and ten. In addition, a market value adjustment applies to surrenders beyond the free withdrawal amount during the charge period. The MVA can increase or decrease the surrender value depending on interest rate conditions at the time — in a rising-rate environment, the MVA is typically negative, which means buyers could receive less than expected if they exit early.

The 10% annual free withdrawal is available beginning in the first contract year and helps manage ordinary cash-flow needs. Required minimum distributions are generally workable within that framework, though RMD treatment is not explicitly detailed in available materials.

Lincoln MYGuarantee Plus 10 has no stated base contract fee and no rider fee for standard features. That simplicity is appealing. The real cost of the product is the illiquidity — you are accepting a 10-year commitment in exchange for the guaranteed rate, and the MVA makes the cost of early exit unpredictable.

The rate banding is a structural tradeoff worth calling out directly. If you are a buyer below the $100,000 threshold, the lower rate of 3.70% may make you more competitive with shorter-term MYGAs from other carriers. At that yield, the 10-year commitment starts to look less compelling, and it is worth comparing alternatives before committing.

Legal Entity: The Lincoln National Life Insurance Company

Parent: Lincoln Financial Group

A.M. Best Rating: A

Lincoln Financial Group is one of the larger and more established life insurance and annuity carriers in the United States. The A rating from A.M. Best reflects strong financial capacity and stable outlook. For buyers for whom carrier strength and name recognition matter, Lincoln is a credible choice.