Solution combines a tax-smart strategy with a robust investment platform, with annuity fees waived for accounts over $250,000

14 September 2020

RADNOR, Pa., September 14, 2020 – Recent events have pre-retirees reconsidering just how prepared they are for retirement – with more than half rethinking their current retirement plan and only a third feeling confident they’ll have the income they need in retirement[1]. To help investors lower the costs on their retirement portfolio while keeping more money invested for long-term growth, Lincoln Financial Group announced a new option to its investment-focused variable annuity, Lincoln Investor Advantage® Advisory Choice.

Recognized by Barron’s in 2020 as a leading solution for tax-deferred savings, the investment-only variable annuity now offers investors a flat contract fee option of $20 per month. The fee is waived for contracts at or above $250,000, and provides investors with options for retirement income and beneficiary protection.

“This solution can help financial professionals and their clients create a portfolio with a diverse range of investments in a tax-deferred account, where a simplified, transparent approach to fees is valued,” said Brian Kroll, head of Annuity Solutions for Lincoln Financial Group. “The annuity includes a highly-regarded investment lineup and is a compelling option to help diversify a retirement portfolio with greater tax efficiency.”

Lincoln Investor Advantage Advisory Choice provides access to a wide range of investments through a fund lineup of over 140 individual investment options covering more than 50 categories and offered by a variety of known and reputable fund managers. Investors have the ability to build their own custom-fit portfolios or opt for a pre-packaged model that aligns to their individual goals and investment preferences. The solution also minimizes the tax impact on investors by offering tax-deferred growth and tax-free account exchanges and rebalancing. Additional product features include a unique death benefit and income rider. For more information about Lincoln Investor Advantage Advisory Choice can be found here.

Important information:

Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives and/or insurance agents do not provide tax, accounting or legal advice. Please consult an independent advisor as to any tax, accounting or legal statements made herein.

Variable annuities are long-term investment products designed for retirement purposes and are subject to market fluctuation, investment risk, and possible loss of principal. Variable annuities contain both investment and insurance components and have fees and charges, including mortality and expense, administrative, and advisory fees. Optional features are available for an additional charge. The annuity’s value fluctuates with the market value of the underlying investment options, and all assets accumulate tax-deferred. Withdrawals of earnings are taxable as ordinary income and, if taken prior to age 59½, may be subject to an additional 10% federal tax. Withdrawals will reduce the cash surrender value.

Investors are advised to consider the investment objectives, risks, and charges and expenses of the variable annuity and its underlying investment options carefully 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 prospectuses. Read them carefully before investing or sending money. Products and features are subject to state availability.

Lincoln Investor Advantage® Advisory Choice variable annuities (contract forms form 30070-A and state variations) 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 does not solicit business in the state of New York, nor is it authorized to do so.

Contracts sold in New York (contract forms 30070-A-NY and 30070-B-NY) 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 guarantees, including those for optional benefits, fixed subaccount crediting rates, or annuity payout rates, are subject to the claimspaying ability of the issuing insurance company. They are not backed by the broker-dealer or insurance agency from which this annuity is purchased, or any affiliates of those entities other than the issuing company affiliates, and none makes any representations or guarantees regarding the claims-paying ability of the issuer.

There is no additional tax-deferral benefit for an annuity contract purchased in an IRA or other tax-qualified plan. Some distributors require that, at the annuitant’s age 95, the contract must annuitize.

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, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, and guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $270 billion in end-of-period account values as of June 30, 2020. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Dedicated to diversity and inclusion, we earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index, and rank among Forbes’ World’s Best Employers, Best Large Employers, Best Employers for Diversity, Best Employers for Women and JUST 100, and Newsweek’s Most Responsible Companies. Learn more at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at http://newsroom.lfg.com.
 

Media Contact:
Amy Norcini
Amy.Norcini@lfg.com
484-538-8575

LCN-3235431-090920


[1] Alliance for Lifetime Income, “COVID-19 Retirement Reset Tracker Survey,” May 2020.