Lincoln Financial Group Celebrates One-Year Anniversary of Lincoln Level Advantage® Indexed Variable Annuity

Category:

Tuesday, May 21, 2019 9:00 am EDT

Dateline:

RADNOR

RADNOR, Pa., May 21, 2019 – This month, Lincoln Financial Group (NYSE: LNC) celebrates the one-year anniversary of Lincoln Level Advantage® indexed variable annuity. The retirement income planning solution offers clients options for protecting their assets and opportunities to grow them, with the ability to take income in retirement when they’re ready. Since its launch on May 21, 2018, nearly 3,000 advisors have sold the indexed variable annuity solution.

A Financial Planning and Advisor Satisfaction study recently released by Lincoln shows that as investors get closer to retirement, their focus on both investment growth and ensuring that their income will last through retirement increases. Among their top concerns is knowing that their retirement income plans can stay on track and withstand any surprises.[1] Lincoln Level Advantage® is designed to help this group of pre-retirees protect a portion of their assets from some of the toughest challenges in today’s market such as volatility and sequence of returns, while allowing them to continue to build their savings.

“We are committed to meeting the retirement and income planning needs of our customers, and the success of this product is a clear indication of the need for this type of solution in the marketplace and a great addition to Lincoln’s broad annuity portfolio,” said John Kennedy, head of Retirement Solutions Distribution, Lincoln Financial Group. “Lincoln Level Advantage® has been our most successful product launch ever, and we continue to experience significant momentum with expanded advisor reach and the addition of new distribution partners for this product in 2019.”

According to LIMRA Secure Retirement Institute, registered indexed-linked annuity quarterly sales have grown seven-fold over the last five years to $3.5B. With increased market volatility and continued low interest rates, this product provides an attractive alternative to consumers looking for investment growth with downside protection from equity market losses. In the first quarter, registered indexed-linked annuities continue to grow market share, now accounting for 15 percent of the overall variable annuity market.

Lincoln Level Advantage® provides investors the ability to tailor a combination of indexed account options, terms, and levels of protection to help meet their unique and individual investment style, risk tolerance and retirement income planning goals. When savers are ready for retirement, the option to get guaranteed income is available, with i4LIFE® Indexed Advantage, Lincoln’s patented income benefit available for an additional charge. Advisors recently recognized Lincoln annuities among the best retirement income solutions for their guaranteed income benefits and simple design.[2]

For more information about Lincoln Level Advantage®, visit www.LFG.com/LevelAdvantage

Lincoln Level Advantage® is an indexed variable annuity. Annuities are long-term investment products that offer tax-deferred growth, access to a lifetime income stream, and death benefit protection. To decide if Lincoln Level Advantage® is right for you, consider that its value will fluctuate; it is subject to investment risk and possible loss of principal; and there are costs associated with the variable investment options such as product charges. All guarantees, including those for optional features, and all amounts invested into the indexed accounts are subject to the claims-paying ability of the issuer. Limitations and conditions apply.
 

About Lincoln Financial Group

Lincoln Financial Group provides advice and solutions that help empower people to 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, as well as to 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 $253 billion in assets under management as of March 31, 2019. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices, including the Dow Jones Sustainability Index North America and FTSE4Good. Additionally, Lincoln is dedicated to upholding a diverse and inclusive organization and was recognized by Forbes as one of the Best Large Employers, Best Employers for Diversity, and Best Employers for Women, and received a perfect score of 100 percent on both the Corporate Equality Index and Disability Equality Index. 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
Lincoln Financial Group
T: 484-583-1860
Amy.Norcini@LFG.com


[1] Lincoln Financial Group, Financial Planning and Advisor Satisfaction study, April 2019.

[2] Market Strategies International, Cogent ReportsTM Annuity BrandscapeTM, December 2018.
 

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.

Lincoln Level Advantage® indexed variable annuity is a long-term investment product designed for retirement purposes. There are no explicit fees associated with the indexed-linked account options available. There are associated fees with the variable annuity subaccounts, which include a product charge, and administrative fees. Annuities are subject to market risk including loss of principal. Withdrawals are subject to ordinary income tax treatment and, if taken prior to age 59½ in nonqualified contracts, may be subject to an additional 10% federal tax.

Indexed-linked variable annuity products are complex insurance and investment vehicles and are subject to surrender charges for early withdrawals. Please reference the prospectus for information about the levels of protection available and other important product information.

The risk of loss occurs each time you move into a new indexed account after the end of an indexed term. The protection level option selected in the indexed account helps protect you from some downside risk. If the negative return is in excess of the protection level selected, there is a risk of loss of principal. Protection levels that vary based on the index and term selected are subject to change and may not be available with every option. Please see the prospectus for details.

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 Level Advantage® indexed variable annuities (contract form 30070-B 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.

All contract and rider guarantees, including those for optional benefits, payment from the indexed accounts, or annuity payout rates, are subject to the claims-paying 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.

This product and the components and features contained within are not available in all states or firms. Please reach out to your registered representative for more details on state approvals and firm guidelines.

There is no additional tax-deferral benefit for an annuity contract purchased in an IRA or other tax-qualified plan.

Not available in New York.

LCN-2547915-052019