Welcome to our dedicated page for Lincoln National news (Ticker: LNC), a resource for investors and traders seeking the latest updates and insights on Lincoln National stock.
Lincoln National Corp. (LNC) is a multifaceted financial services organization focusing on insurance and retirement solutions. Established in 1990, the company has a rich heritage and extensive industry experience, which enables it to offer comprehensive services tailored to meet diverse client needs.
Core Business Segments:
- Annuities: LNC provides a range of annuity products, including fixed and indexed annuities, as well as variable annuities.
- Retirement Plan Services: The company offers employer-sponsored retirement plans, along with associated services designed to help clients achieve their retirement goals.
- Life Insurance: Lincoln National Corp. offers various life insurance products, including universal life (UL), variable universal life (VUL), indexed universal life (IUL), and term life insurance.
- Group Protection: Group life, disability, and dental insurance products are available for employers looking to provide comprehensive benefits to their employees.
Recent Achievements and Projects:
Lincoln National Corp. is committed to innovation and customer satisfaction. Recent projects include the enhancement of digital platforms to improve customer interaction and the introduction of new insurance products that offer more flexibility and coverage options. The company has also expanded its global partnerships, ensuring a robust distribution network and service support in various locations, including Slovenia, Croatia, and Italy.
Financial Condition:
The company maintains a strong financial standing, supported by consistent revenue generation and a well-diversified product portfolio. The latest financial reports indicate stable growth, with significant investments in technology and customer service enhancements.
Partnerships and Collaborations:
Lincoln National Corp. has built long-standing relationships with key industry players. Through a network of trusted partners, the company ensures the delivery of high-quality services and products. Notably, the firm proudly represents Zodiac Milpro, catering to professionals working on the water.
Overall, Lincoln National Corp. stands as a reliable and innovative leader in the insurance and retirement sectors, continually adapting to meet the evolving needs of its clients.
A recent study by Lincoln Financial Group reveals that 72% of women are actively setting financial goals this year, focusing on areas like income increase (48%), debt reduction (45%), budgeting (42%), and emergency savings (40%). The research emphasizes that women should adopt a holistic approach to financial wellness, evaluating their overall financial health rather than isolating individual goals. Furthermore, 71% of women are seeking financial advice, with interests in retirement savings (33%) and budgeting (29%). This indicates a growing awareness and commitment among women to enhance their financial security.
Lincoln Financial Group (NYSE: LNC) announced the appointment of Heather Deichler as senior vice president of Group Benefit Product and Underwriting in its Workplace Solutions division. With a commitment to delivering innovative product offerings, Deichler aims to enhance customer and claimant experiences while managing profit and loss. Previously, she led MoneyGuard® Business Management at Lincoln and has extensive experience in the insurance industry, including significant roles at New York Life. This strategic appointment is expected to strengthen Lincoln's market position and product development capabilities.
Lincoln Financial Network (LFN) has announced the addition of financial planners Andy Andrews and Joe Dankowski from Heritage Financial Consultants (HFC), enhancing its wealth management capabilities. With over $200 million in client assets managed throughout their careers, the duo aims to leverage LFN's resources to improve client service. Andrews, based in Naples, Florida, brings 8 years of experience managing approximately $100 million in assets, while Dankowski, located in Hunt Valley, Maryland, offers 23 years of experience with $105 million managed. This expansion reflects LFN's commitment to growing its advisory network.
Lincoln Financial Group (NYSE: LNC) has enhanced its MoneyGuard® suite with Real-Time Approval for underwriting, allowing clients to receive approval in as little as 20 minutes. This feature is available for customers aged 60 and under applying for MoneyGuard Market Advantage® and MoneyGuard Fixed Advantage® policies. Additionally, MoneyGuard Market Advantage® has expanded its availability to
Lincoln Financial Group has released findings from its Consumer Sentiment Tracker, revealing that only 2% of Americans understand tax-efficient financial solutions, despite a third prioritizing tax-reducing investments. To address this knowledge gap, Lincoln outlines five strategies: 1) Contributing to workplace retirement accounts; 2) Understanding annuities for lifetime income; 3) Preparing for unexpected long-term care costs; 4) Diversifying portfolios with life insurance; and 5) Collaborating with financial professionals. David Berkowitz highlights the importance of tax-efficient investing amid market volatility and inflation, emphasizing the need for clear financial planning.
Lincoln Financial Group (NYSE:LNC) declared a quarterly cash dividend of $0.45 per share, payable on May 1, 2023, to shareholders of record by April 10, 2023. As of December 31, 2022, the company reported $282 billion in end-of-period account values, reflecting its robust financial management. This dividend highlights Lincoln's commitment to delivering value to its shareholders amidst a stable financial backdrop.
Lincoln Financial Group (NYSE: LNC) and BPAS have announced a strategic partnership to introduce PensionEase, an integrated defined benefit (DB) administration solution. This initiative aims to enhance the customer experience for employers and their employees with both defined contribution (DC) and DB plans. BPAS will manage DB administration including recordkeeping and participant services, benefiting over 45,000 participants currently served by Lincoln Financial. This collaboration highlights Lincoln's commitment to comprehensive retirement solutions and superior customer experiences.
Lincoln Financial Group (NYSE: LNC) announced the appointment of Christen White as senior vice president of Group Benefit Claims. With over 20 years of experience, White previously held a similar role at MetLife, overseeing claims and call center operations. Her focus at Lincoln will be on enhancing customer service and implementing best practices in claim management. This leadership change aims to strengthen the claims team's effectiveness, as highlighted by James Reid, executive vice president. Lincoln Financial serves approximately 16 million customers, managing $282 billion in account values as of December 31, 2022.
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