Lincoln Financial continues to elevate its
flagship indexed variable annuity, Lincoln Level Advantage®,
by introducing a new spread crediting strategy featuring un-capped
options to offer investors opportunities to earn more while
protecting their assets
Lincoln Financial Group (NYSE: LNC)
today announced the upcoming launch of a new crediting strategy
within its highly recognized indexed variable annuity, Lincoln
Level Advantage®. Beginning Nov. 22, 2021, new contracts with
Lincoln Level Advantage will offer a spread crediting strategy, in
addition to several existing investing options, providing investors
with a new option for portfolio growth opportunities, balanced with
added protection. Lincoln Financial’s latest launch demonstrates
its continued commitment to innovation within the registered index
linked annuity (RILA) space.
This new option could be impactful for pre-retirees, who are
working longer and may be facing changes in savings habits and
strategies.1
“As investors worry that they won’t have enough money to fund
the life they want in retirement, many are now looking for diverse
investment strategies that can both grow and protect their savings
to help support their lifestyle in their golden years,” says Brian
Kroll, senior vice president and head of Annuity Solutions, Lincoln
Financial.
“Lincoln Level Advantage has helped more than 76,000 clients2
safeguard the assets they’ve worked hard to save, stay positioned
for growth and feel more confident about their financial futures,”
says Kroll. “Now, this new spread indexed account further expands
the product’s optionality and flexibility to best suit clients’
diverse investment needs.”
About the Lincoln Level Advantage
Spread Account Option
The Lincoln Level Advantage spread account provides an added
option for clients who value protection, but also have a strong
desire to maximize earning potential. If the index performance is
positive, the account begins earning uncapped growth once the
performance exceeds the spread. If the index performance is
negative, the account is protected up to the amount of the
protection level.
The spread indexed account option is currently available for new
contracts with a six-year indexed account and a 15% protection
level. Spread rates for new indexed segments will be declared five
business days in advance of the beginning of a segment. A spread
rate is the percentage of the index’s return deducted from the
indexed account when the index return is positive, which means a
return could be lower than if invested directly in a fund based on
the applicable index. There is risk of loss of principal if
negative returns exceed the selected protection level, as well as a
risk of future availability as the indexed accounts with applicable
spread rates will vary over time.
Additionally, investment instructions must be received by the
end of an indexed term or a new indexed segment will be selected on
behalf of the policy holder. The available indexed account with
applicable spread rates will vary over time. Investors should speak
with their financial professionals to evaluate benefits and risks
and select an option that best suits their investment goals.
About Lincoln Level Advantage
Since its launch in May 2018, Lincoln Level Advantage has been
Lincoln’s most successful product launch to-date with more than $12
billion in lifetime sales. Lincoln’s RILA provides investors the
ability to tailor a combination of protection levels with indexed
account options to help meet their risk tolerance, individual
investment style and retirement income planning goals.
The product has been lauded by investors and the industry alike,
earning recognition from Structured Retail Products, was the number
one selling RILA in the industry for 20203 and named in Barron’s
“The 100 Best Annuities for Today’s Market” feature.
For more information about Lincoln Level Advantage indexed
variable annuity, visit www.LFG.com/LevelAdvantage.
About Lincoln Financial
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 $322 billion in end-of-period account values as of
September 30, 2021. 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 Newsweek’s Most
Responsible Companies. Learn more at: www.LincolnFinancial.com.
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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.
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 vary based on the index, crediting strategy and
term selected are subject to change and may not be available with
every option. Please see the prospectus for details.
Guarantee of Principal (also know as return of principal, or
ROP) death benefit is available for an additional charge of 0.20%
(applied to assets in variable investment options only). Adjusted
performance cap, participation and performance trigger rates will
apply to indexed accounts. The GOP is adjusted proportionately for
withdrawals and dollar-for-dollar for i4LIFE® Advantage payments.
The spread rate may be higher for contracts with the GOP
benefit.
Investors are advised to consider the investment objectives,
risks, and charges and expenses of the 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
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 or 30070-A and state variations) are issued by The
Lincoln National Life Insurance Company, Fort Wayne, IN,
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 of the amount from the indexed accounts,
or annuity payout rates, are backed by the claims-paying ability of
the issuing insurance company. They are not subject to 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.
For use with the general public.
LCN-3901408-110421
__________________________ 1 Urban Institute, Preparing for
Retirement Reforms, October 2021. 2 Lincoln Financial Group,
October 2021. 3 LIMRA Fact Tank, March 9, 2021
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version on businesswire.com: https://www.businesswire.com/news/home/20211115005088/en/
Media: Sarah Boxler Sarah.Boxler@lfg.com
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