Lincoln National Adds Fee-based Annuities To Its Portfolio

Lincoln National Corp. LNC recently announced that it has introduced new fee-based variable and fixed indexed annuities products to expand its suite of lifetime income solutions.

These new annuities are Lincoln National’s core commission-based solutions – Lincoln ChoicePlus Assurance, American Legacy and Lincoln Investor Advantage – that primarily aim to help advisors solve their clients’ retirement income needs.

These new products also provide savers with a known source of income at a lower cost but with a wide range of investment choices and no surrender charges. The new solutions give advisors more fee-based choices, and the variable annuities offer the same guaranteed lifetime income riders.

Lincoln National remains focused on changing its product and business mix in order to keep pace with the varying needs of customers. Addition of innovative product lines in its portfolio has been a frequently opted business strategy of the company to grow its top line.

These efforts not only have helped the company to strengthen its customer base, but also facilitated it in retaining shareholders’ confidence on the stock. In the last one year, the company’s shares have gained 118%, significantly higher than 46.5% gained by the Zacks categorized Life Insurance industry.

Notably, Lincoln National is the first company in the industry to launch a fee-based fixed indexed annuity developed exclusively to cater to the business needs of registered investment advisors. Lincoln Core Capital offers principal protection and growth opportunities based on market performance. Since its launch, the company has added, extended and updated fee-based versions to provide more options for fee-based advisors.

The new solutions bolster Lincoln National’s offering of fee-based products by demonstrating the company’s commitment to providing a full portfolio of commission- and fee-based guaranteed lifetime income solutions.

Variable annuities are designed for retirement as these offer lifetime income, tax-deferred growth and death benefit protection for loved ones of the policyholders. Aon allows advisors and consumers to select the models best suited for their retirement income objectives. Lincoln National’s commitment to providing transparent and flexible options for guaranteed lifetime income is complemented by these new solutions.

Zacks Rank and Stocks to Consider

Lincoln National presently has a Zacks Rank #3 (Hold).

Some better-ranked stocks from the insurance space include  Blue CapitalReinsurance Holdings Ltd. BCRH, Old Republic International Corporation ORI and James River Group Holdings, Ltd. JRVR. Both these stocks carry a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.

Leading insurance broker Blue Capital Reinsurance delivered positive surprise in three of the last four quarters with an average beat of 27.34%

On the other hand, multi line insurer James River Group delivered positive surprise in last four quarters with an average beat of 3.60%

Another multi line insurer Old Republic International delivered positive surprise in two of the last four quarters with an average beat of 12.71%

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