Lincoln National Corp. - LNC STOCK NEWS

On March 18, 2021, SS&C Technologies Holdings announced that a consortium of top retirement firms has chosen SS&C Retirement Solutions to facilitate their in-plan guaranteed income product, "Income America™ 5ForLife." This solution ensures retirement participants receive guaranteed monthly income. The consortium includes American Century Investments, Lincoln Financial Group, Nationwide, and others. SS&C’s Retirement Income Clearing & Calculation Platform will streamline the product distribution across various record-keeping platforms.

Lincoln Financial Group (NYSE:LNC) announced the appointment of John Kennedy as executive vice president and president of Lincoln Financial Distributors (LFD). Kennedy joins the Senior Management Committee and reports to CEO Dennis R. Glass. Ellen Cooper expands her role to oversee the company’s Annuities business, alongside her duties as chief investment officer and head of Risk. Both executives succeed Will Fuller and Lisa Buckingham, who left for other positions. Kennedy's extensive experience in distribution is highlighted as a key asset for LFD's growth.

Lincoln Financial Group's Lincoln Level Advantage has achieved over $5 billion in sales, ranking as the top registered index-linked annuity (RILA) for 2020. Amid market volatility, 70% of investors prioritized loss protection combined with growth potential. Enhancements to the product include a new 15% protection level option and various features aimed at reducing risk and offering predictability. The overall RILA market saw a 38% increase in sales, indicating strong demand. The product is recognized for providing tailored investment strategies aligned with clients' needs.

Lincoln Financial Group (NYSE: LNC) highlights that one-third of women are struggling financially, exacerbated by the COVID-19 pandemic. The January 2021 Consumer Sentiment Tracker indicates women prioritize daily finances (71%) over long-term planning. Women faced more significant job impacts (35% vs. 28% for men) and are more likely to lack emergency savings (45%). Lincoln emphasizes the need for financial education and resources tailored to women to empower them financially.

A consortium of leading retirement firms, including Lincoln Financial Group, has launched the Income America 5ForLife, a new in-plan target date series offering guaranteed income for life. This solution aims to assist retirement plan participants in transitioning from accumulation to decumulation stages. A recent consumer study shows over 70% of workers favor guaranteed income products in employer-sponsored plans. The initiative addresses concerns about outliving retirement funds, with a projected annual payment based on a guaranteed income base upon reaching age 65. The solution is designed to meet regulatory compliance and provide lower fees.

Lincoln Financial Group (NYSE:LNC) announced that CFO Randy J. Freitag will present at the RBC Capital Markets Virtual Global Financials Conference on March 9, 2021, at 9:20 a.m. ET. The session will include Q&A on various industry and company-specific topics. Interested participants are encouraged to visit www.lfg.com/webcast at least 15 minutes early to register and download necessary software. A replay will be available for 30 days after the event. Lincoln Financial serves over 17 million customers and had $303 billion in account values as of December 31, 2020.

Lincoln Financial Group (NYSE: LNC) announced partnerships with The HistoryMakers and UNCF as part of its $1-million commitment to advance racial equity. The initiative includes preserving African American historical records and creating internship programs for Black students. Key actions include enhancing minority recruitment through HBCUs, launching leadership development aimed at increasing minority representation, and developing a framework to tie leadership compensation to diversity goals. Lincoln aims to foster discussions on race within the organization and support Black communities through philanthropic efforts.

Lincoln Financial Group (NYSE: LNC) has introduced two new variable universal life insurance products: Lincoln VUL^ONE and Lincoln Survivorship VUL^ONE. These offerings feature customizable guaranteed minimum death benefit options, allowing clients to tailor policies to their needs, including a new Bonus Rider for enhanced cash value growth. The suite includes over 75 market-driven investment options and an optional Long-Term Care Rider for those concerned about future expenses. This initiative aligns with Lincoln's strategy to provide flexible financial solutions for diverse client needs.

Lincoln Financial Group (NYSE:LNC) reports a shift in U.S. financial engagement due to COVID-19, with 79% of full-time employed adults changing their financial planning approach. 93% are motivated to improve their finances. To meet this demand, Lincoln introduces WellnessPATH®, a financial wellness tool for Group Benefits customers, facilitating employee financial management. The tool includes personalized assessments and resources, addressing financial stress, which impacts employee productivity. As 39% of workers cite money concerns hindering performance, financial wellness programs are now essential for employers.