Key Takeaways:
- Lincoln Life has extended the maturity dates on their annuity contracts to age 99.
- No action is required on the part of annuity owners or annuitants.
Many of you have begun receiving notices that Lincoln Life has extended the maturity dates on your Lincoln annuity contract(s).
Insurance companies generally include a provision in their annuity contracts that specify an age by which annuitization must begin. Historically this age has been in the area of 85-90. Lincoln has recently extended this age across all of their active annuity contracts to age 99.
No action is required on the part of the annuity owner.
Please contact our offices at 623-977-9823 with any questions. Thank you for being our clients!