Lincoln Financial Group Expands Suite of In-Plan Guaranteed Lifetime Income Products to Offer More Flexibility, Choice and Customization in Retirement
Lincoln Financial Group (NYSE: LNC) has expanded its Lincoln PathBuilder Income® powered by YourPath® product line, adding a lifetime income guarantee to an underlying asset allocation investment fund. This expansion addresses the growing demand for guaranteed retirement income options, as evidenced by Lincoln's 2023 Wellness@Work study. The study revealed that 35% of participants would increase contributions if offered a guaranteed retirement income option, and 72% of non-participants would be encouraged to join a plan with such an option.
The new lifetime income balanced fund option offers participants guaranteed lifetime payments, market protection, potential for higher income in rising markets, and flexibility to access their underlying account value. This addition enhances Lincoln's suite of in-plan guaranteed lifetime income products, providing more flexibility, choice, and customization for plan sponsors and participants.
Lincoln Financial Group (NYSE: LNC) ha ampliato la sua linea di prodotti Lincoln PathBuilder Income® alimentata da YourPath®, aggiungendo una garanzia di reddito a vita a un fondo di investimento con allocazione di attivi sottostante. Questa espansione risponde alla crescente domanda di opzioni di reddito pensionistico garantito, come evidenziato dallo studio Wellness@Work 2023 di Lincoln. Lo studio ha rivelato che il 35% dei partecipanti aumenterebbe i contributi se fosse offerta un'opzione di reddito pensionistico garantito, e il 72% dei non partecipanti sarebbe incoraggiato a unirsi a un piano con tale opzione.
La nuova opzione di fondo bilanciato con reddito a vita offre ai partecipanti pagamenti garantiti a vita, protezione dal mercato, potenziale per un reddito più elevato in mercati in crescita e flessibilità per accedere al valore sottostante del conto. Questa aggiunta migliora la suite di prodotti garantiti a vita in piano di Lincoln, fornendo maggiore flessibilità, scelta e personalizzazione per gli sponsor dei piani e i partecipanti.
Lincoln Financial Group (NYSE: LNC) ha ampliado su línea de productos Lincoln PathBuilder Income® impulsada por YourPath®, añadiendo una garantía de ingresos de por vida a un fondo de inversión con asignación de activos subyacentes. Esta expansión responde a la creciente demanda de opciones de ingresos garantizados para la jubilación, como lo evidencia el estudio Wellness@Work 2023 de Lincoln. El estudio reveló que el 35% de los participantes aumentaría sus contribuciones si se ofreciera una opción de ingresos garantizados para la jubilación, y el 72% de los no participantes estaría motivado a unirse a un plan con tal opción.
La nueva opción de fondo equilibrado con ingresos de por vida ofrece a los participantes pagos garantizados de por vida, protección del mercado, potencial para mayores ingresos en mercados en alza y flexibilidad para acceder al valor de su cuenta subyacente. Esta adición enriquece la oferta de productos garantizados de ingresos vitalicios de Lincoln, proporcionando más flexibilidad, opciones y personalización para los patrocinadores y participantes del plan.
린컨 파이낸셜 그룹 (NYSE: LNC)은 YourPath®로 강화된 Lincoln PathBuilder Income® 제품 라인을 평생 소득 보장을 추가하여 확장했습니다. 이러한 확장은 린컨의 2023 Wellness@Work 연구에서 확인된 보장된 퇴직 소득 옵션에 대한 증가하는 수요에 대응합니다. 연구에 따르면 참가자의 35%가 보장된 퇴직 소득 옵션이 제공되면 기부금을 늘릴 의사가 있으며, 비참가자의 72%가 그러한 옵션이 있는 계획에 참여하도록 유도될 것이라고 합니다.
새로운 평생 소득 균형 기금 옵션은 참가자에게 보장된 평생 지급, 시장 보호, 상승 시장에서의 높은 수익 잠재성 및 기초 계좌 가치를 접근할 수 있는 유연성을 제공합니다. 이 추가는 린컨의 계획 내 보장된 평생 소득 제품군을 강화하여 계획 후원자와 참가자를 위한 더 많은 유연성, 선택 및 맞춤화를 제공합니다.
Lincoln Financial Group (NYSE: LNC) a élargi sa gamme de produits Lincoln PathBuilder Income® alimentée par YourPath®, en ajoutant une garantie de revenu à vie à un fonds d'investissement à allocation d'actifs sous-jacents. Cette expansion répond à la demande croissante pour des options de revenu de retraite garanties, comme le révèle l'étude Wellness@Work 2023 de Lincoln. L'étude a montré que 35 % des participants augmenteraient leurs contributions s'ils se voyaient proposer une option de revenu de retraite garanti, et 72 % des non-participants seraient encouragés à rejoindre un plan avec une telle option.
La nouvelle option de fonds équilibré à revenu à vie propose aux participants des paiements garantis à vie, une protection contre le marché, un potentiel de revenus plus élevés sur les marchés en hausse, et une flexibilité pour accéder à la valeur sous-jacente de leur compte. Cette ajout renforce la gamme de produits de revenu de retraite garantie à vie de Lincoln, offrant plus de flexibilité, de choix et de personnalisation pour les sponsors et les participants.
Lincoln Financial Group (NYSE: LNC) hat seine Produktlinie Lincoln PathBuilder Income® powered by YourPath® erweitert und eine Lebenslange Einkommensgarantie zu einem zugrunde liegenden Anlagefonds hinzugefügt. Diese Erweiterung ist eine Antwort auf die steigende Nachfrage nach garantierten Altersvorsorgeoptionen, wie die Wellness@Work-Studie 2023 von Lincoln zeigt. Die Studie ergab, dass 35 % der Teilnehmer ihre Beiträge erhöhen würden, wenn ihnen eine garantierte Altersvorsorgeoption angeboten wird, und 72 % der Nicht-Teilnehmer würden ermutigt, sich einem Plan mit einer solchen Option anzuschließen.
Die neue Option des Lebenslangen Einkommens-Vermögensfonds bietet den Teilnehmern garantierte lebenslange Zahlungen, Marktschutz, das Potenzial für höhere Einkünfte in aufsteigenden Märkten und Flexibilität beim Zugriff auf den zugrunde liegenden Kontowert. Diese Hinzufügung verbessert das Portfolio der garantierten lebenslangen Einkommensprodukte von Lincoln und bietet mehr Flexibilität, Auswahl und Anpassungsmöglichkeiten für Plan-Sponsoren und -Teilnehmer.
- Expansion of Lincoln PathBuilder Income® product line with new lifetime income guarantee option
- 35% of participants would increase contributions if offered guaranteed retirement income option
- 72% of non-participants would be encouraged to join a plan with guaranteed income option (up from 52% in 2021)
- New option offers guaranteed lifetime payments, market protection, and potential for higher income in rising markets
- None.
Insights
Lincoln Financial Group's expansion of its Lincoln PathBuilder Income® powered by YourPath® product is a strategic move in the competitive retirement services market. The addition of a lifetime income guarantee to an underlying asset allocation investment fund addresses a growing demand in the industry.
The company's 2023 Wellness@Work study reveals compelling data:
However, while this product expansion may attract more clients, it also increases Lincoln's long-term financial obligations. The guaranteed lifetime income feature exposes the company to longevity risk and potential market volatility impacts. Investors should closely monitor how this affects Lincoln's risk profile and capital requirements in future financial reports.
Lincoln Financial's product expansion aligns with a significant market trend: the growing demand for retirement income security. The
This move positions Lincoln competitively in the $22.8 trillion US retirement market. By offering more flexibility and customization, Lincoln is addressing the diverse needs of an aging workforce seeking financial stability. The product's ability to provide market participation with downside protection is particularly attractive in today's volatile economic environment.
However, success will depend on effective marketing and education, as many consumers still struggle to understand complex financial products. Lincoln's ability to simplify and communicate the benefits of these offerings will be important for market penetration and growth.
Most recent expansion is a result of increased need for guaranteed income option
Lincoln continues to see a need for guaranteed retirement income products, which can help create a foundation for security, providing monthly income that continues for as long as the participant lives. In Lincoln’s 2023 Wellness@Work study, stating
This newly added lifetime income balanced fund option is available within managed accounts and as a stand-alone option in retirement plans, and will allow participants to:
- Receive guaranteed payments for the rest of their lives;
- Enjoy protection in times of declining markets;
- Participate in rising markets with potentially higher income levels;
- Have flexibility and access to their underlying account value should their needs change.
“After the success of our current guaranteed lifetime income products, we saw the opportunity to develop additional options to be used in a variety of other settings,” says Matt Condos, senior vice president, Retirement Plan Services Product Solutions. “We engaged the best and brightest investment managers to innovate a new solution. Our full suite of Lincoln PathBuilder Income® powered by YourPath® products are truly a differentiator for Lincoln clients when it comes to flexibility, choice and customization in the guaranteed lifetime income space.”
To learn more about Lincoln’s broad suite of guaranteed income products, click 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 June 30, 2024, the company had
YourPath® conservative, moderate, aggressive, and lifetime income portfolios are target-date + risk portfolios available as investment options in the Lincoln Alliance® program and the Lincoln Director℠ group variable annuity contract. Lincoln PathBuilder Income® powered by YourPath® solution consists of YourPath® portfolios along with a guarantee.
Solutions are offered as a group annuity. The guarantee is provided by a contract with The Lincoln National Life Insurance Company that provides a plan participant with guaranteed annual retirement income. All contract and rider guarantees, including those for optional benefits, guaranteed income, or annuity payout rates, are subject to the claims-paying ability of the issuing insurance company. They are not backed by the broker-dealer or insurance agency this annuity is purchased from or any affiliates of those entities other than the issuing company affiliates, and none makes any representations or guarantees regarding the claims-paying ability of the issuer. A group variable annuity is a long-term investment product designed particularly for retirement purposes and may not be suitable for all investors. Group annuities contain insurance components and have fees and expenses, including administrative fees. The group annuity is paired with an investment option that fluctuates with the market value. Withdrawals may carry tax consequences, including possible tax penalties.
Lincoln PathBuilder Income® group contingent deferred annuity contract (contract form AN-745 and state variations) is issued by The Lincoln National Life Insurance Company,
Investors are advised to consider carefully the investment objectives, risks, and charges and expenses of the group variable annuity and its underlying investment option before investing. For this and other additional information, please contact Lincoln Financial. Please read this information carefully before investing or sending money. Products and features are subject to state availability.
LCN-6786375-071224
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Source: Lincoln Financial Group
FAQ
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