RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE:LNC) today announced the launch of i4LIFE®Indexed Advantage, a fixed-indexed annuity benefit rider providing dependable, tax efficient income for life, with continued account value access. Available for an additional cost through Lincoln Financial’s New Directions 8, OptiBlend 7 and 10, and OptiChoice 5, 7 and 9 fixed indexed annuities, i4LIFE®Indexed Advantage helps consumers meet their needs for guaranteed lifetime income.
Lincoln Financial first introduced i4LIFE® in the variable annuity space more than 15 years ago to help clients maximize income, maintain access and control of their investment, and live their retirement years more comfortably.
“We’re thrilled to now launch this proven solution within our fixed indexed annuity portfolio – giving consumers a tax efficient stream of lifetime income without giving up access to their investment, and with the added protection of a death benefit for their beneficiaries,” said John Kennedy, head of Retirement Solutions Distribution for Lincoln Financial Distributors. “i4LIFE® Indexed Advantage is a powerful financial tool, providing a combination of features and benefits that cannot be found in any other investment option within the FIA industry.”
“With i4LIFE®Indexed Advantage, clients now have access to these benefits along with the lower cost and principal protection of a fixed indexed annuity,” said Brian Kroll, head of Annuity Solutions for Lincoln Financial Group. “And, unlike other living benefit options in the industry, i4LIFE®offers favorable tax treatment with nonqualified money to help savers maximize retirement income.”
Since its introduction in 2000, the company has seen more than 150,000 elections of i4LIFE® – representing more than $30 billion of i4LIFE® Advantage assets purchased through Lincoln variable annuity products. For more information about i4LIFE®and Lincoln’s suite of fixed, fixed indexed and variable annuity solutions, visit www.lfg.com/public/individual/exploreinsuranceannuities/annuities.
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 $241 billion in assets under management as of June 30, 2017. Learn more at: www.LincolnFinancial.com. Find us on Facebook, Twitter, LinkedIn, and Instagram. To sign up for email alerts, please visit our Newsroom at http://newsroom.lfg.com.
About Lincoln Financial Group Annuity Solutions
Lincoln Financial’s Annuity Solutions business offers a diverse suite of fixed, fixed indexed and variable annuity products designed to give consumers a known source of income for as long as they live. Lincoln first introduced its variable annuity to the marketplace 50 years ago in 1967. Since then, the business has focused on product innovation, distribution excellence, risk management and ease of doing business. Today, Lincoln’s diverse portfolio of lifetime income solutions are distributed by nearly 45,000 advisors, and offer distinct features that give Lincoln’s one million policy holders the power to choose the type of income that makes the most sense for their individual retirement income strategy.
