Lincoln Financial launches two new FIAs

Lincoln Financial today announced the launch of two new fixed indexed annuities — Lincoln FlexAdvantage Income and Lincoln OptiBlend Income — further expanding the company's suite of retirement income solutions. The products are designed to offer consumers guaranteed growth for future income, guaranteed lifetime income and first-of-its-kind legacy planning through a FIA with the optional Estate Lock Death Benefit, while providing 100% downside protection.

"Lincoln’s research shows that 92% of Americans are concerned about having enough income in retirement, and many also express concerns around principal protection and market volatility,"¹ said Tim Seifert, SVP, Head of Retirement Solutions Distribution at Lincoln Financial. "To help address these concerns, Lincoln’s new FIA income solutions expand choice, extend the success of the Lincoln ProtectedPay suite including Estate Lock to the FIA market and support the needs of today’s consumers seeking confidence in retirement."

Lincoln FlexAdvantage Income and Lincoln OptiBlend Income FIAs include the following features:

• Protected lifetime income: A built-in income benefit, Lincoln ProtectedPay^® Select, allows consumers to convert a portion of their retirement savings into guaranteed lifetime income that never decreases.
• Innovative legacy protection: The optional Estate Lock^SM Death Benefit allows consumers to protect their initial payment amount for beneficiaries with no reduction due to lifetime income withdrawals.²
• Protected savings and growth: In addition to guaranteed growth for future income, consumers continue to receive 100% downside protection and access to unique upside opportunities through a range of S&P indexed account options, as well as options exclusive to Lincoln, including:
  • 1 Year Capital Group Dividend Value (CGDV) ETF Participation account, linked to an actively managed strategy focused on larger established U.S. companies that pay dividends or have the potential to pay dividends. CGDV holds a current Morningstar Medalist Gold³ rating and has outperformed the S&P 500 and 99% of ETFs in the Large Value category since inception.⁴
  • 1 Year Nasdaq Priva^TM Participation account, linked to the performance of a core equity-only strategy that offers exposure to innovative, growth-oriented companies with the ability to get tactical between three Nasdaq components.

"By expanding access to the CGDV ETF and Nasdaq Priva^TM indexed accounts across our FIA suite, Lincoln is creating more opportunities for consumers to pursue meaningful growth with the protection of an FIA," said Seifert. "Lincoln continues to strengthen its FIA portfolio while also enhancing our digital tools that help simplify annuity conversations and make it easier for financial professionals and their clients to do business with us at every step."

Enhanced digital tools

Lincoln is also introducing a FIA income calculator, enabling financial professionals and clients to model customized income scenarios and visualize projected outcomes. Additional enhancements include digitized rates and statement on demand capabilities for FIAs, allowing clients and financial professionals to generate real-time account snapshots, including account activity and up-to-date values.