Will help boost retirement savings through immediate S6% bonusNew solution offers protection and investment growth potential to help savers counter volatile market conditions while meeting their retirement income needs
November 19, 2018 — RADNOR, Pa.–(BUSINESS WIRE)–To help quell client concerns over market volatility and its impact on retirement portfolios, Lincoln Financial Group (NYSE: LNC) today announced the introduction of Lincoln OptiBlend® Plus fixed indexed annuity. This new solution helps clients jump start their retirement savings with an immediate account bonus of six percent, added to their account value at the time the annuity is purchased. An optional lifetime income rider, Lincoln Lifetime IncomeSM Edge, is also available with Lincoln OptiBlend® Plus and can be elected at issue or added on a contract anniversary for an additional cost.
“Lincoln OptiBlend® Plus builds on the success we’ve seen with our top-selling Lincoln OptiBlend 10 fixed indexed annuity, and provides customers with the opportunity to achieve higher income during retirement,” said Tad Fifer, head of Fixed Annuity Sales and RIA Sales & Strategy at Lincoln Financial Distributors. “We are committed to our fixed business – an area where Lincoln has seen significant growth — and offering solutions that provide clients with even greater value through protected lifetime income.”
Market Volatility a Top Concern
A recent study from Lincoln Financial Group shows that market volatility is a top concern for pre-retirees. In fact, 70 percent claim they can only afford to lose 10 percent or less of their savings before having to adjust their retirement plan or savings goals1. And among those closest to retirement (less than 3 years away), 87 percent are concerned with protecting the wealth they have accumulated.2 LIMRA Secure Retirement Institute research shows fixed indexed annuities sales hit record levels in the second quarter of 2018. They offer protection for principal and investment growth potential which is attractive to consumers in volatile market conditions. Expansion in the fixed indexed annuity market has contributed to Lincoln’s fixed annuity sales more than doubling, to nearly $900 million in the third quarter.
Lincoln OptiBlend® Plus is a flexible premium deferred annuity that offers the same fixed and indexed accounts as Lincoln OptiBlend 10, plus the added benefits of a premium bonus. The solution’s three index-linked interest crediting strategies offer the potential for earnings tied to the performance of an outside index, in addition to a fixed account option for accumulation. You cannot directly invest in any index. Past performance does not guarantee future results.
For more information about Lincoln OptiBlend® Plus, please visit: www.LFG.com/income.
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 $262 billion in assets under management as of September 30, 2018. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Additionally, Lincoln is dedicated to upholding a diverse and inclusive organization and was recognized by Forbes as one of the Best Large Employers, Best Employers for Diversity, and Best Employers for Women in 2018 and received a perfect score of 100 percent in 2018 on both the Corporate Equality Index and Disability Equality Index. Learn more at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at http://newsroom.lfg.com.
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.
1 Protect and Grow Study, Lincoln Financial Group, April 2018
2 Retirement Top of Mind Study, Lincoln Financial Group and Phoenix Marketing International Wealth & Affluent Market program, October 2018