Annuity option provides market protection and tax-deferred growth for inheritance recipients while ensuring clients receive their full inheritance
16 September 2019
Lincoln Financial introduces new estate planning solution to help beneficiaries stretch and protect their full inheritance

RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE: LNC) today announced the introduction of Lincoln Wealth Pass SM, a new withdrawal rider that is specifically designed to help beneficiaries stretch and protect the money they’ve inherited. Lincoln Wealth Pass SM is available with American Legacy® , Lincoln ChoicePlus Assurance SM and Lincoln InvestmentSolutions SM variable annuities for an additional cost, and offers an opportunity for beneficiaries to guarantee they receive their full inheritance by stretching distributions over their life expectancy. Lincoln Wealth Pass SM is designed to help financial advisors and their clients efficiently transition wealth from generation to generation.

“This estate planning strategy is a compelling option to help clients guarantee their inheritance through the protection and market growth potential an annuity can help provide,” says John Kennedy, head of Retirement Solutions Distribution at Lincoln Financial Distributors. “We continue to build out our broad portfolio of annuity solutions to help meet the needs any saver might face during and approaching retirement. Lincoln Wealth Pass SM adds to the depth and breadth of our offering, providing a unique option for wealth transfer.”

According to LIMRA Secure Retirement Institute1, more than $7 trillion will be inherited by Baby Boomers and younger generations in the next several years. Nearly three quarters of these investible assets are held in taxable accounts.

With Lincoln Wealth Pass SM, protected annual income begins immediately, and continues until the full investment is returned over the annuity owner’s life expectancy, provided they are still living. If there is account value remaining upon the death of the owner, any remaining protected annual income payments can continue to their beneficiary, until the initial protected inheritance amount is zero.

Lincoln Wealth Pass SM is the latest addition to Lincoln’s broad portfolio of annuity solutions, developed to help meet a diverse range of client needs for protected income in retirement. In 2019, Lincoln’s annuity solutions were recognized 15 times in Barron’s “Top 100 Annuities,” more times than any other carrier reflecting both the depth and breadth of solutions as well as Lincoln’s A+ financial strength rating* from A.M. Best. For more information about Lincoln Wealth Pass SM and for resources about how Lincoln’s broad suite of annuity solutions can help clients meet their income goals in retirement, please visit

Variable annuities are long-term investment products that offer a lifetime income stream, options for guaranteed growth and income (available for an additional charge), and death benefit protection. They are subject to market fluctuation, investment risk, and possible loss of principal, and have fees and charges.


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 long­term 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.

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 contain this and other important information about the variable annuity and its underlying investment options. 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 variable annuities are issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, and distributed by Lincoln Financial Distributors, Inc., a broker­dealer. 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, are backed by the claims-paying ability of the issuing insurance company. They are not backed by any entity 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 tax­deferral benefit for an annuity contract purchased in an IRA or other tax­qualified plan.

All features and products may not be available in all states or through all firms.

Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Affiliates are separately responsible for their own financial and contractual obligations.

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 $260 billion in assets under management as of June 30, 2019. 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, Lincoln was recognized by Forbes as one of the Best Large Employers, Best Employers for Diversity, and Best Employers for Women. Lincoln also earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index. Learn more at: Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at


1 LIMRA Secure Retirement Institute analysis of 2016 Survey of Consumer Finances, U.S. Federal Reserve Board, 2017.

*These ratings apply only to the claims-paying ability as of May 1, 2019. All ratings are subject to revision or withdrawal at any time by the rating agencies. The ratings are not recommendations to buy, sell or hold our securities. For more information on ratings, including rating agency outlooks, see


Amy Norcini
Lincoln Financial Group
T: 484-583-1860