RADNOR, Pa.–(BUSINESS WIRE)–As economic uncertainty leaves investors feeling lost in the woods, pre-retirees are bracing for the bear market, with 78% worried about being able to retire in time2. Today, Lincoln Financial Group (NYSE: LNC) announced its latest annuity innovation to help deliver financial confidence to consumers as they plan for retirement and other financial needs. From November 21 Lincoln Protected PaySM The Lifetime Income Suite, available at an additional cost with Lincoln Annuities, includes six protected lifetime income options that provide predictable growth and investment flexibility.
Available exclusively with Lincoln Financial variable annuities through registered broker-dealers and investment advisers, Lincoln Protected Pay is a simplified approach to help provide a protected retirement income that can never be exceeded – no matter how the market performs.
Variable annuities are long-term investment products that offer a lifetime income stream, access to top-tier investment managers, guaranteed growth and income options (available for an additional fee), and protection at death.
Recent research also shows that only 31% of respondents (and 21% of baby boomers) are very confident that their savings will last into retirement.3 Through Lincoln ProtectedPay, retirees receive reliable and protected payments throughout their lives.
“Facing the 2022 bear market, investors may feel uneasy about the impact of portfolio losses on their retirement dreams,” said Tim Seifert, senior vice president and head of distribution business. of retirement solutions, Lincoln Financial Distributors. “Yet, thanks to protective products like the new Lincoln Protected Pay suite, investors can help protect the retirement they envision.
The Lincoln Protected Pay the lifetime income suite offers investors customizable options that best suit their needs. Product features include:
Guaranteed 6% growth for future income. If account performance is higher, the highest amount is blocked.4
Investment choice and flexibility by building a portfolio that matches individual goals and preferences.
Protected payments at retirement.
“Lincoln Financial is committed to manufacturing and distributing annuities and other financial protection products to help Americans retire with confidence,” said Stephen Turer, senior vice president and head of the Annuity Solutions business. of Lincoln Financial. “Our latest innovation, Lincoln Protected Payis a continuation of this proud heritage, and we are pleased to offer pre-retirees the protection and growth that will help them thrive in any market.
This is just the latest addition to Lincoln Financial’s broad and innovative portfolio of annuity solutions., that offers more product choices than any other annuity insurer5.
Payment protected by Lincoln the lifetime income suite is not available in all states, including New York. BENEFITS ARE BASED ON THE CLAIMS-PAYING CAPACITY OF THE INSURANCE COMPANY.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. Today, approximately 16 million customers trust our expertise in retirement, insurance and wealth protection to help them achieve their lifestyle, savings and income goals, and protect themselves. against long-term care costs. Based in Radnor, Pennsylvania, Lincoln Financial Group is the trading name of Lincoln National Corporation (NYSE: LNC) and its subsidiaries. The company had $270 billion in account value at the end of the period September 30, 2022. Lincoln Financial Group is a committed corporate citizen that is listed in major sustainability indices, including the Dow Jones Sustainability Index North America and FTSE4Good, and ranks among Newsweek’s Most Responsible Companies. . Dedicated to diversity, equity and inclusion, we are listed on transparency benchmarking tools such as the Corporate Equality Index, Disability Equality Index and the Bloomberg Gender Equality Index. Committed to providing our employees with flexible working arrangements, we have been named to the FlexJobs list of 100 Best Companies to Watch for Remote Jobs in 2022. With a long and rich tradition of acting ethically, speaking the truth and to stand up for what is right, Lincoln was recognized as one of the World’s Most Ethical Companies by Ethisphere in 2022®. We create opportunities for early-career talent through our Intern Development Program, which is one of WayUp and Yello’s annual Top 100 Internship Programs list. For more information: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn and Instagram. Sign up for email alerts at http://newsroom.lfg.com.
Lincoln Financial Group® subsidiaries, their distributors and their respective employees, representatives and/or insurance agents do not provide tax, accounting or legal advice. Please consult an independent professional for any tax, accounting or legal declaration made here.
Variable annuities have fees and expenses, including mortality and expense fees, administrative fees and advisory fees. The value of the annuity fluctuates with the market value of the underlying investment options, and all assets accumulate on a tax-deferred basis. Income withdrawals are taxable as ordinary income and, if made before age 59.5, may be subject to an additional 10% federal tax. Withdrawals will reduce the death benefit and cash surrender value.
Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the variable annuity and its underlying investment options before investing. The applicable prospectuses for the variable annuity and its underlying investment options contain this and other important information. Please call 888-868-2583 for free flyers. Read them carefully before investing or sending money.
Products and features are subject to state availability.
Lincoln variable annuities are issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, and distributed by Lincoln Financial Distributors, Inc., a broker. Lincoln National Life Insurance Company does not solicit business in the State of New York and is not authorized to do so.
Contracts sold in New York are issued by Lincoln Life & Annuity Company of New York, Syracuse, NY, and distributed by Lincoln Financial Distributors, Inc., a broker.
All policy and rider coverages, including those for optional benefits, fixed sub-account credit rates, or annuity payout rates, are subject to the insurance company’s claims-paying ability. issuer. They are not endorsed by the insurance broker or agency from which this annuity is purchased, or any affiliates of such entities other than affiliates of the issuing company, and no one makes any representation or warranty regarding the issuer’s ability to pay claims.
There is no additional tax-deferral benefit for an annuity contract purchased in an IRA or other tax plan.
Lincoln Financial Group is the trading name of Lincoln National Corporation and its subsidiaries. Affiliates are separately responsible for their own financial and contractual obligations
© 2022 Lincoln National Corporation. All rights reserved.
1 Source: Lincoln Financial, Monthly Consumer Sentiment Omnibus, June 2022
2 Source: Lincoln Financial, Monthly Consumer Sentiment Omnibus, June 2022
3 New York Life,”Wealth Watch: A survey exploring Americans’ financial goals, progress, and feelings about their ability to secure their financial future, 2022.
4 The [6%] single annual growth will continue for the first of 10 years or until 85 years (based on the oldest life for the joint). The [6%] the bonus is not available in a year in which a withdrawal is made. In New York, the [6%] the bonus is not available after the first withdrawal of the protected annual income is made, but the value of the account can be locked in until age 85.
5 Based on the total amount of deferred annuities and riders actively marketed by each Top 10 carrier through March 31, 2022, according to Wink, Inc.
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