RADNOR, Pa.–(BUSINESS WIRE)–First paragraph, third sentence of launch ought to learn: Beginning Nov. 28, Lincoln ProtectedPaySM lifetime revenue suite, accessible for an extra price with Lincoln annuities, options six protected lifetime revenue choices which provide predictable development and funding flexibility. (as an alternative of Beginning Nov. 21, Lincoln ProtectedPaySM lifetime revenue suite, accessible for an extra price with Lincoln annuities, options six protected lifetime revenue choices which provide predictable development and funding flexibility).
The up to date launch reads:
BRACING FOR THE BEAR MARKET: 78% OF PRE-RETIREES WORRY THAT MARKET VOLATILITY WILL IMPACT THEIR ABILITY TO RETIRE ON TIME1, LINCOLN FINANCIAL GROUP RESEARCH REPORTS
Lincoln Financial Group introduces the new Lincoln ProtectedPaySM lifetime revenue suite, providing involved traders revenue for life, safety from market loss, assured development for future revenue and funding
As financial uncertainty has traders feeling misplaced in the woods, pre-retirees are bracing for the bear market, with 78% anxious they will find a way to retire on time2. Today, Lincoln Financial Group (NYSE: LNC) introduced its newest annuity innovation to assist supply monetary confidence for customers as they plan for retirement and different monetary wants. Beginning Nov. 28, Lincoln ProtectedPaySM lifetime revenue suite, accessible for an extra price with Lincoln annuities, options six protected lifetime revenue choices which provide predictable development and funding flexibility.
Available solely with Lincoln Financial’s variable annuities by broker-dealer and registered funding advisor channels, Lincoln ProtectedPay is a simplified method to assist present protected revenue in retirement that can by no means be outlived – irrespective of how the market performs.
Variable annuities are long-term funding merchandise that supply a lifetime revenue stream, entry to main funding managers, choices for assured development and revenue (accessible for an extra cost) and loss of life profit safety.
Recent research additionally exhibits that solely 31% of respondents (and 21% of Baby Boomers) really feel very assured that their financial savings will final by retirement.3 Through Lincoln ProtectedPay, retirees obtain dependable, protected funds all through their lives.
“In the face of 2022’s bear market, traders could really feel uneasy about how portfolio losses are impacting their retirement goals,” stated Tim Seifert, senior vice chairman and head of the Retirement Solutions Distribution enterprise, Lincoln Financial Distributors. “Yet, by safety merchandise like the new Lincoln ProtectedPay suite, traders can assist defend the retirement they envision.”
The Lincoln ProtectedPay lifetime revenue suite affords customizable choices to traders that finest swimsuit their wants. Product options embrace:
Guaranteed development of 6% for future revenue. If account efficiency is larger, the larger quantity is locked in.4
Investment selection and flexibility by constructing a portfolio that suits particular person objectives 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 vice chairman and head of Lincoln Financial’s Annuity Solutions enterprise stated. “Our newest innovation, Lincoln ProtectedPay, is a continuation of that proud legacy, and we’re happy to supply pre-retirees the safety and development that will assist them thrive in any market.”
This is simply the newest addition to Lincoln Financial’s broad and progressive portfolio of annuity options, which options extra product selection than some other annuity carrier5.
Lincoln Protected Pay lifetime revenue suite is just not accessible 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 gives recommendation and options that assist folks take cost of their monetary lives with confidence and optimism. Today, roughly 16 million prospects belief our retirement, insurance coverage and wealth safety experience to assist handle their way of life, financial savings and revenue objectives, and guard towards long-term care bills. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the advertising and marketing title for Lincoln National Corporation (NYSE:LNC) 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 variety, fairness and inclusion, we’re included on transparency benchmarking instruments equivalent to the Corporate Equality Index, the Disability Equality Index and the Bloomberg Gender-Equality Index. Committed to offering our workers with versatile work preparations, we had been named to FlexJobs’ checklist of the Top 100 Companies to Watch for Remote Jobs in 2022. With an extended and wealthy legacy of performing ethically, telling the fact and talking up for what is correct, Lincoln was acknowledged as one of Ethisphere’s 2022 World’s Most Ethical Companies®. We create alternatives for early profession expertise by our intern growth program, which ranks amongst WayUp and Yello’s annual checklist of Top 100 Internship Programs. Learn extra at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for e mail alerts at http://newsroom.lfg.com.
Important Information:
Lincoln Financial Group® associates, their distributors, and their respective workers, representatives, and/or insurance coverage brokers don’t present tax, accounting, or authorized recommendation. Please seek the advice of an impartial skilled as to any tax, accounting, or authorized statements made herein.
Variable annuities have charges and fees, 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 peculiar revenue and, if taken prior to age 59½, could also be topic to an extra 10% federal tax. Withdrawals will cut back the loss of life profit and money give up worth.
Investors are suggested to contemplate the funding aims, dangers, and fees and bills of the variable annuity and its underlying funding choices fastidiously earlier than investing. The relevant prospectuses for the variable annuity and its underlying funding choices comprise this and different necessary data. Please name 888-868-2583 for free prospectuses. Read them fastidiously 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 licensed to achieve this.
Contracts offered 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-obligatory advantages, mounted subaccount crediting charges, or annuity payout charges, are topic to the claims-paying ability 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 aside from the issuing firm associates, and none makes any representations or ensures relating to the claims-paying ability of the issuer.
There isn’t 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 personal 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 objectives, progress and emotions about their ability to safe their monetary futures,” 2022.
4 The [6%] easy annual development will proceed for the earlier of 10 years or by age 85 (based mostly on the oldest life for joint). The [6%] enhancement is just not accessible in any 12 months a withdrawal is taken. In New York, the [6%] enhancement is just not accessible as soon as the first Protected Annual Income withdrawal happens, however account worth could be locked in by age 85.
5 Based on whole quantity of deferred annuities and riders actively marketed per every Top 10 service by March 31, 2022, in accordance to Wink, Inc.
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