Lincoln Financial has launched two new fixed indexed annuities (FIAs) — 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 full 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,” 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.”
“By expanding access to the CGDV ETF and Nasdaq Priva™ 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.”
Lincoln also announced the introduction of a FIA income calculator, enabling financial professionals and clients to model customized income scenarios and visualize projected outcomes.