15 June 2022

RADNOR, Pa., June 15, 2022 – No matter your age, you have looked to your parents or guardian for guidance through life’s ups and downs, including the importance of protecting and growing personal finances. According to a recent study by Lincoln Financial Group (NYSE: LNC), younger people are making financial decisions based on their life experiences. In recognition of Father’s Day, which falls in June during Annuity Awareness Month, Lincoln Financial asked business leaders to share their favorite financial advice – from protection products to saving strategies – from their dads or father figures or what they hope to pass down to their children.

  1. Research now for a better future

"As someone who isn’t digitally savvy, I tell my children, ‘Don’t be like dad.’ My children are millennials and Gen Zs who thrive on the digital age, so they have the advantage of understanding the value of research – something Baby Boomers like myself didn’t have the resources to do at their age. As a father, I encourage them to be prepared and do the work by doing their own research on annuity products and how they can help protect their retirement income down the line. When they’re ready to purchase, they’ll know the top choices," said Tim Seifert, senior vice president and head of Retirement Solutions Distribution, Lincoln Financial Distributors.

  1. Plan for rainy days

"I was in high school during the 2008 financial crisis, with a sick mother. My father spent the night on our computer going over spreadsheets and the financial impact the crisis would have on our family in the long-term. He said, ‘We have no choice but to ride this out and start over.’ The feeling of helplessness that hit multiple families in 2008 is one of the reasons why I own an annuity that provides contractual downside protection. It’s also why I’m passionate about my work, helping to bring protection and financial security to Americans who need it," said Jacob Hutchinson, regional marketing director, Lincoln Financial Distributors.

  1. Don’t delay – start saving today

“I’ve always tried to impress upon my kids to live within their means and start saving early in their careers. Not only does this make saving easier by making it a habit early on, but the impact of long-term saving will help them achieve the retirement they envision and help ensure they won’t outlive their savings. This is a concern of many working Americans and why we offer retirement plans with in-plan guaranteed income options,  to help our participants face the future with confidence, knowing they will receive a monthly check for life,” said Ralph Ferraro, senior vice president, Workplace Solutions Product and Underwriting, Lincoln Financial Group.

"As a father, I try to instill the importance of saving for a better future into my kids. Putting away the money they might want to spend on an extra pair of shoes into a savings account goes a long way towards a healthy future. Once the wealth is built, an annuity is a safer opportunity to protect those assets. I’ve shown my son what $100 saved today could grow into over the next 30-40 years when investing the correct and safe way," said Adam Lalla, vice president of Competitive Market Solutions, Lincoln Financial Distributors.

Visit the Lincoln Financial Newsroom for more educational content throughout Annuity Awareness Month. 

Lincoln Financial offers a broad and innovative portfolio of annuity solutions, which were recognized in 2021 by Barron’s for the fifth consecutive year in its "The 100 Best Annuities for Today’s Market" feature.  


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 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 $308 billion in end-of-period account values as of March 31, 2022. Lincoln Financial Group is a committed corporate citizen included on 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 included on transparency benchmarking tools such as the Corporate Equality Index, the Disability Equality Index and the Bloomberg Gender-Equality Index. Committed to providing our employees with flexible work arrangements, we were named to FlexJobs’ list of the Top 100 Companies to Watch for Remote Jobs in 2022. With a long and rich legacy of acting ethically, telling the truth and speaking up for what is right, Lincoln was recognized as one of Ethisphere’s 2022 World’s Most Ethical 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:  

Julie Costa

Julianne.costa@lfg.com

Important Information:  

Annuities are long-term investment products designed for retirement purposes and are subject to market fluctuation, investment risk, and possible loss of principal. 

Lincoln annuities are issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, and contracts sold in New York are issued by Lincoln Life & Annuity Company of New York, Syracuse, NY; 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 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 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. There is no additional tax-deferral benefit for an annuity contract purchased in an IRA or other tax-qualified plan

Lincoln Financial Group is the marketing name for Lincoln National Corporation and insurance company affiliates, including The Lincoln National Life Insurance Company, Fort Wayne, IN, and in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY. Variable products distributed by broker-dealer/affiliate Lincoln Financial Distributors, Inc., Radnor, PA. Securities and investment advisory services offered through other affiliates.  

© 2022 Lincoln National Corporation. All rights reserved.  

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