Portfolio

Lincoln Financial Group Launches Lincoln Level Advantage 2SM

Lincoln Level Advantage 2 offers investors more opportunities for growth with industry-exclusive Capital Group ETF options and control with first-of-its-kind Secure Lock+SM feature

May 16, 2024 09:00 AM Eastern Daylight Time–RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Financial Group (NYSE: LNC) today announced a new version of its award-winning Lincoln Level Advantage® indexed variable annuity with the launch of Lincoln Level Advantage 2SM index-linked annuity. Building on the innovations of the first generation, Lincoln Level Advantage 2 offers investors even more opportunities for protection and growth with the industry’s first indexed accounts that track the performance of Capital Group active ETFs. Lincoln Level Advantage 2, with its newest feature Secure Lock+SM, is also the first Registered Index Linked Annuity (RILA) in the industry to offer a lock-in feature that allows investors to reset protection within their existing term.

“Lincoln Financial consistently enhances its product suite to help meet investor needs and provide features they can’t find anywhere else,” said Tim Seifert, senior vice president, Head of Retirement Solutions Distribution. “With Lincoln Level Advantage 2, we’ve tailored the product to offer what consumers are looking for: more choice for investors seeking growth with Capital Group active ETFs, better protection and control with Secure Lock+ and the same award-winning client experience offered by Lincoln Financial.”

Lincoln Level Advantage 2 provides investors with expanded diversification and growth opportunities as the only RILA to track Capital Group active ETF strategies. For the first time, investors will have access to indexed accounts that track the performance of Capital Group Growth ETF (CGGR), a flexible approach to growth investing and Capital Group Global Growth Equity ETF (CGGO), a global strategy focused on long-term capital growth. In 2023, CGGR was named the “Best New U.S. Equity ETF” by etf.com1. Voted one of the most trusted investment managers among financial professionals2, Capital Group is a brand that advisors and clients have had confidence in for more than 90 years.

“Being a partner of choice means continually evolving to help meet our clients’ needs, including expanding access to our investment capabilities with our insurance partners,” said Melissa Buccilli, Head of Insurance Strategy and Product at Capital Group. “We are excited to collaborate with Lincoln to offer active ETFs – Capital Group Growth ETF and Capital Group Global Growth Equity ETF – in a RILA annuity solution. This innovation will bring Capital Group’s investment capabilities to the annuity marketplace to help even more investors pursue their long-term investment goals.”

Lincoln Financial’s new offering comes as RILA sales continue to reach record highs3. Demand is expected to remain strong as consumers express concerns about inflation and having enough income in retirement, according to a recent study from Lincoln Financial4. The study also found that consumers who work with financial professionals look for investment/insurance products that protect their initial investment from losing value (50%), provide income or cash flow (44%) and protect from market volatility (34%).

Being a partner of choice means continually evolving to help meet our clients’ needs, including expanding access to our investment capabilities with our insurance partners...

Lincoln Level Advantage 2’s first-of-its-kind Secure Lock+ feature lets investors adjust their strategy in the near term without undermining long-term plans, helping them feel more in control and confident about staying in the market through volatility. This new feature allows investors to:

  • Lock in performance: Investors have the flexibility and control to capture gains in their indexed accounts any time and as often as once per year.
  • Reset growth potential and downside protection: Continue the current indexed account term with a new crediting rate and reset the full protection level on the next monthly anniversary after a lock-in.
  • Hold and reallocate: Investors also have the option to hold the locked in indexed account value until the next yearly anniversary if they prefer to reallocate to a different indexed account.

Building On The Success Of Lincoln Level Advantage

Lincoln Level Advantage indexed variable annuity has earned recognition from Structured Retail Products in 2023, 2021 and 2019, was named in Barron’s annual “100 Best Annuities for Today’s Market” feature more times than any other RILA and is consistently one of the top selling RILAs in the industry.

Since launching in 2018, Lincoln Level Advantage indexed variable annuity has been Lincoln Financial’s most successful product launch to-date, with more than $23 billion in lifetime sales. The 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.

For more information about Lincoln Level Advantage 2, visit here.

 

 

 

About Lincoln Financial Group
Lincoln Financial Group helps people to plan, protect and retire with confidence. As of December 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection, and retirement plan services. As of March 31, 2024, the company had $310 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. Learn more at LincolnFinancial.com.
About Capital Group
Capital Group, home of American Funds, has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research, and individual accountability since 1931.
As of March 31, 2024, Capital Group manages more than $2.6 trillion in equity and fixed income assets for millions of individuals and institutional investors around the world. Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.
For more information, visit capitalgroup.com.
1 etf.com awards, Best New U.S. Equity ETF, May 2023
2 Escalent, Cogent Syndicated, Retail Advisor Brandscape® June 2023
3 LIMRA, U.S. Individual Annuity Sales Survey, April 2024
4 Lincoln Financial Group, Consumer Sentiment Tracker, January 2024

 

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