Lincoln Financial Group introduces the new
Lincoln ProtectedPaySM lifetime income suite, offering concerned
investors income for life, protection from market loss, guaranteed
growth for future income and investment flexibility.
As economic uncertainty has investors feeling lost in the woods,
pre-retirees are bracing for the bear market, with 78% worried they
will be able to retire on time2. Today, Lincoln Financial Group
(NYSE: LNC) announced its latest annuity innovation to help offer
financial confidence for consumers as they plan for retirement and
other financial needs. Beginning Nov. 21, Lincoln ProtectedPaySM
lifetime income suite, available for an additional cost with
Lincoln annuities, features six protected lifetime income options
which offer predictable growth and investment flexibility.
Available exclusively with Lincoln Financial's variable
annuities through broker-dealer and registered investment advisor
channels, Lincoln ProtectedPay is a simplified approach to help
provide protected income in retirement that can never be outlived –
no matter how the market performs.
Variable annuities are long-term investment products that offer
a lifetime income stream, access to leading investment managers,
options for guaranteed growth and income (available for an
additional charge) and death benefit protection.
Recent research also shows that only 31% of respondents (and 21%
of Baby Boomers) feel very confident that their savings will last
through retirement.3 Through Lincoln ProtectedPay, retirees receive
reliable, protected payments throughout their lives.
“In the face of 2022’s bear market, investors may feel uneasy
about how portfolio losses are impacting their retirement dreams,”
said Tim Seifert, senior vice president and head of the Retirement
Solutions Distribution business, Lincoln Financial Distributors.
“Yet, through protection products like the new Lincoln ProtectedPay
suite, investors can help protect the retirement they
envision.”
The Lincoln ProtectedPay lifetime income suite offers
customizable options to investors that best suit their needs.
Product features include:
- Guaranteed growth of 6% for future income. If account
performance is higher, the higher amount is locked in.4
- Investment choice and flexibility by building a portfolio that
fits individual goals and preferences.
- Protected payments in retirement.
“Lincoln Financial is committed to manufacturing and
distributing annuities and other financial protection products to
help Americans retire with confidence,” Stephen Turer, senior vice
president and head of Lincoln Financial’s Annuity Solutions
business said. “Our latest innovation, Lincoln ProtectedPay, is a
continuation of that proud legacy, and we are pleased to offer
pre-retirees the protection and growth that will help them thrive
in any market.”
This is just the latest addition to Lincoln Financial’s broad
and innovative portfolio of annuity solutions, which features more
product choice than any other annuity carrier5.
Lincoln Protected Pay lifetime income suite is not
available in all states including New York. GUARANTEES ARE BASED
UPON THE CLAIMS PAYING ABILITY OF THE INSURANCE COMPANY.
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 $270 billion in end-of-period account values as of
September 30, 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®. We create opportunities for
early career talent through our intern development program, which
ranks among WayUp and Yello’s annual list of Top 100 Internship
Programs. Learn more at: www.LincolnFinancial.com. Follow us on
Facebook, Twitter, LinkedIn, and Instagram. Sign up for email
alerts at http://newsroom.lfg.com.
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 professional as to any tax, accounting, or
legal statements made herein.
Variable annuities have fees and charges, including mortality
and expense, administrative, and advisory fees. 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 death benefit and 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 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 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 its affiliates. Affiliates are separately
responsible for their own financial 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’ financial goals, progress and feelings about
their ability to secure their financial futures,” 2022. 4 The [6%]
simple annual growth will continue for the earlier of 10 years or
through age 85 (based on the oldest life for joint). The [6%]
enhancement is not available in any year a withdrawal is taken. In
New York, the [6%] enhancement is not available once the first
Protected Annual Income withdrawal occurs, but account value can be
locked in through age 85. 5 Based on total amount of deferred
annuities and riders actively marketed per each Top 10 carrier
through March 31, 2022, according to Wink, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20221117005131/en/
Media: Sarah Boxler Sarah.Boxler@lfg.com
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