As financial uncertainty has traders feeling misplaced in the woods, pre-retirees are bracing for the bear market, with 78% anxious they’ll be capable of retire on time2. Today, Lincoln Financial Group (NYSE: LNC) introduced its newest annuity innovation to assist provide monetary confidence for customers as they plan for retirement and different monetary wants. Beginning Nov. 21, Lincoln ProtectedPaySM lifetime revenue suite, obtainable for a further value with Lincoln annuities, options six protected lifetime revenue choices which supply predictable progress and funding flexibility.
Available solely with Lincoln Financial’s variable annuities by means of broker-dealer and registered funding advisor channels, Lincoln ProtectedPay is a simplified method to assist present protected revenue in retirement that may by no means be outlived – regardless of how the market performs.
Variable annuities are long-term funding merchandise that provide a lifetime revenue stream, entry to main funding managers, choices for assured progress and revenue (obtainable for a further cost) and demise profit safety.
Recent analysis additionally reveals that solely 31% of respondents (and 21% of Baby Boomers) really feel very assured that their financial savings will final by means of retirement.3 Through Lincoln ProtectedPay, retirees obtain dependable, protected funds all through their lives.
“In the face of 2022’s bear market, traders might really feel uneasy about how portfolio losses are impacting their retirement desires,” mentioned Tim Seifert, senior vp and head of the Retirement Solutions (*7*) enterprise, Lincoln Financial Distributors. “Yet, by means of safety merchandise like the new Lincoln ProtectedPay suite, traders may help defend the retirement they envision.”
The Lincoln ProtectedPay lifetime revenue suite presents customizable choices to traders that greatest go well with their wants. Product options embrace:
Guaranteed progress of 6% for future revenue. If account efficiency is larger, the larger quantity is locked in.4
Investment alternative and suppleness by constructing a portfolio that matches particular person targets and preferences.
Protected funds in retirement.
“Lincoln Financial is dedicated to manufacturing and distributing annuities and different monetary safety merchandise to assist Americans retire with confidence,” Stephen Turer, senior vp and head of Lincoln Financial’s Annuity Solutions enterprise mentioned. “Our newest innovation, Lincoln ProtectedPay, is a continuation of that proud legacy, and we’re happy to supply pre-retirees the safety and progress that can assist them thrive in any market.”
This is simply the newest addition to Lincoln Financial’s broad+and+modern+portfolio+of+annuity+options, which options extra product alternative than every other annuity carrier5.Lincoln Protected Pay lifetime revenue suite is just not obtainable in all states together with New York. GUARANTEES ARE BASED UPON THE CLAIMS PAYING ABILITY OF THE INSURANCE COMPANY.About Lincoln Financial Group
Lincoln Financial Group supplies recommendation and options that assist individuals take cost of their monetary lives with confidence and optimism. Today, roughly 16 million clients belief our retirement, insurance coverage and wealth safety experience to assist tackle their way of life, financial savings and revenue targets, and guard in opposition to long-term care bills. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the advertising and marketing title for Lincoln National Corporation (NYSE:LNC, Financial) and its associates. The firm had $270 billion in end-of-period account values as of September 30, 2022. Lincoln Financial Group is a dedicated company citizen included on main sustainability indices together with the Dow Jones Sustainability Index North America and FTSE4Good and ranks amongst Newsweek’s Most Responsible Companies. Dedicated to range, fairness and inclusion, we’re included on transparency benchmarking instruments resembling the Corporate Equality Index, the Disability Equality Index and the Bloomberg Gender-Equality Index. Committed to offering our staff with versatile work preparations, we have been named to FlexJobs’ record of the Top 100 Companies to Watch for Remote Jobs in 2022. With a protracted and wealthy legacy of performing ethically, telling the fact and talking up for what is correct, Lincoln was acknowledged as certainly one of Ethisphere’s 2022+World%26rsquopercent3Bs+Most+Ethical+Companies®. We create alternatives for early profession expertise by means of our intern growth program, which ranks amongst WayUp and Yello’s annual record of Top 100 Internship Programs. Learn extra at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for electronic mail alerts at httppercent3Apercent2Fpercent2Fnewsroom.lfg.com.
Important Information:
Lincoln Financial Group® associates, their distributors, and their respective staff, representatives, and/or insurance coverage brokers don’t present tax, accounting, or authorized recommendation. Please seek the advice of an unbiased skilled as to any tax, accounting, or authorized statements made herein.
Variable annuities have charges and costs, together with mortality and expense, administrative, and advisory charges. The annuity’s worth fluctuates with the market worth of the underlying funding choices, and all belongings accumulate tax-deferred. Withdrawals of earnings are taxable as bizarre revenue and, if taken previous to age 59½, could also be topic to a further 10% federal tax. Withdrawals will cut back the demise profit and money give up worth.
Investors are suggested to think about the funding goals, dangers, and costs and bills of the variable annuity and its underlying funding choices rigorously earlier than investing. The relevant prospectuses for the variable annuity and its underlying funding choices include this and different essential info. Please name 888-868-2583 for free prospectuses. Read them rigorously earlier than investing or sending cash.Products and options are topic 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-dealer. The Lincoln National Life Insurance Company doesn’t solicit enterprise in the state of New York, neither is it approved to take action.
Contracts bought in New York are issued by Lincoln Life & Annuity Company of New York, Syracuse, NY, and distributed by Lincoln Financial Distributors, Inc., a broker-dealer.
All contract and rider ensures, together with these for non-compulsory advantages, fastened subaccount crediting charges, or annuity payout charges, are topic to the claims-paying means of the issuing insurance coverage firm. They aren’t backed by the broker-dealer or insurance coverage company from which this annuity is bought, or any associates of these entities apart from the issuing firm associates, and none makes any representations or ensures relating to the claims-paying means of the issuer.
There is not any extra tax-deferral profit for an annuity contract bought in an IRA or different tax-qualified plan.
Lincoln Financial Group is the advertising and marketing title for Lincoln National Corporation and its associates. Affiliates are individually accountable for their very own monetary and contractual obligations
© 2022 Lincoln National Corporation. All rights reserved.
LCN-5077795-110222
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’ monetary targets, progress and emotions about their means to safe their monetary futures,” 2022.
4 The [6%] easy annual progress will proceed for the earlier of 10 years or by means of age 85 (primarily based on the oldest life for joint). The [6%] enhancement is just not obtainable in any yr a withdrawal is taken. In New York, the [6%] enhancement is just not obtainable as soon as the first Protected Annual Income withdrawal happens, however account worth will be locked in by means of age 85.
5 Based on whole quantity of deferred annuities and riders actively marketed per every Top 10 service by means of March 31, 2022, based on Wink, Inc.
View supply model on businesswire.com: https://www.businesswire.com/news/home/20221117005131/en/
https://news.google.com/__i/rss/rd/articles/CBMixwFodHRwczovL3d3dy5ndXJ1Zm9jdXMuY29tL25ld3MvMTg5NTM0Mi9icmFjaW5nLWZvci10aGUtYmVhci1tYXJrZXQtNzgtb2YtcHJlcmV0aXJlZXMtd29ycnktdGhhdC1tYXJrZXQtdm9sYXRpbGl0eS13aWxsLWltcGFjdC10aGVpci1hYmlsaXR5LXRvLXJldGlyZS1vbi10aW1lMS1saW5jb2xuLWZpbmFuY2lhbC1ncm91cC1yZXNlYXJjaC1yZXBvcnRz0gEA?oc=5
