We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lincoln National's (LNC) Solution to Boost Clients' Returns
Read MoreHide Full Article
Lincoln National Corporation (LNC - Free Report) recently introduced a variable annuity solution named Lincoln Investor Advantage Pro. The solution integrated with Lincoln Defined Outcome Funds offers a platform equipped with over 125 funds, which will be of great use to financial professionals in devising suitable portfolios per clients’ needs.
Following the COVID-19 pandemic induced market volatilities, there are clear indications of gradual economic recovery. However, a steady demand for financial products to safeguard retirement assets against market losses remains. The new solution introduced by Lincoln Financial intends to bank on the prevailing scenario with the customized levels of tax-deferred protection offered by it.
Lincoln Investor Advantage Pro enables investors to adjust protection levels either to tap maximum growth opportunity amid a well-performing market or to provide a buffer against market losses. This is expected to lead to enhanced investment outcomes for customers. Their investment decisions will be influenced positively as customers are free to choose or exit funds, which are priced on a regular basis.
Moreover, the solution comes at an opportune time as an aging U.S. population reinforces the dire need for investment products that provide bundled covers of retirement income, life and healthcare. It is worth mentioning, variable annuities have been gaining popularity as a means to address retirement needs, attributable to several factors such as lifetime periodic payments, tax-deferred income growth and several guaranteed benefits often linked with these products.
Notably, the recent addition is likely to bolster the annuity portfolio of Lincoln National through which it has been offering a suite of variable and fixed annuities as well as indexed fixed and variable annuities. The insurer has several variable annuities in place including Lincoln Investor Advantage, Lincoln Level Advantage indexed variable annuity and Lincoln ChoicePlus. The Lincoln Investor Advantage Advisory Choice offers a lifetime income stream and even includes an option for beneficiary protection.
The Annuity business of Lincoln National performed well during the first quarter of 2021, courtesy of increased account values stemming from robust equity market performance and favorable returns from the company’s alternative investment portfolio. Variable annuity sales received an impetus in the quarter driven by higher variable annuity sales without guaranteed living benefits.
Recently, another insurer Prudential Financial (PRU - Free Report) launched an indexed variable annuity product FlexGuard Income in a bid to accelerate retirement income growth and offer protection to their assets in case of any market downturn.
Zacks Rank & Price Performance
Shares of this Zacks Rank #3 (Hold) life insurer have surged 59.7% in a year compared with the industry’s growth of 20.2%.
Manulife and Alleghany have a trailing four-quarter earnings surprise of 13.01% and 128.63%, on average, respectively.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Image: Bigstock
Lincoln National's (LNC) Solution to Boost Clients' Returns
Lincoln National Corporation (LNC - Free Report) recently introduced a variable annuity solution named Lincoln Investor Advantage Pro. The solution integrated with Lincoln Defined Outcome Funds offers a platform equipped with over 125 funds, which will be of great use to financial professionals in devising suitable portfolios per clients’ needs.
Following the COVID-19 pandemic induced market volatilities, there are clear indications of gradual economic recovery. However, a steady demand for financial products to safeguard retirement assets against market losses remains. The new solution introduced by Lincoln Financial intends to bank on the prevailing scenario with the customized levels of tax-deferred protection offered by it.
Lincoln Investor Advantage Pro enables investors to adjust protection levels either to tap maximum growth opportunity amid a well-performing market or to provide a buffer against market losses. This is expected to lead to enhanced investment outcomes for customers. Their investment decisions will be influenced positively as customers are free to choose or exit funds, which are priced on a regular basis.
Moreover, the solution comes at an opportune time as an aging U.S. population reinforces the dire need for investment products that provide bundled covers of retirement income, life and healthcare. It is worth mentioning, variable annuities have been gaining popularity as a means to address retirement needs, attributable to several factors such as lifetime periodic payments, tax-deferred income growth and several guaranteed benefits often linked with these products.
Notably, the recent addition is likely to bolster the annuity portfolio of Lincoln National through which it has been offering a suite of variable and fixed annuities as well as indexed fixed and variable annuities. The insurer has several variable annuities in place including Lincoln Investor Advantage, Lincoln Level Advantage indexed variable annuity and Lincoln ChoicePlus. The Lincoln Investor Advantage Advisory Choice offers a lifetime income stream and even includes an option for beneficiary protection.
The Annuity business of Lincoln National performed well during the first quarter of 2021, courtesy of increased account values stemming from robust equity market performance and favorable returns from the company’s alternative investment portfolio. Variable annuity sales received an impetus in the quarter driven by higher variable annuity sales without guaranteed living benefits.
Recently, another insurer Prudential Financial (PRU - Free Report) launched an indexed variable annuity product FlexGuard Income in a bid to accelerate retirement income growth and offer protection to their assets in case of any market downturn.
Zacks Rank & Price Performance
Shares of this Zacks Rank #3 (Hold) life insurer have surged 59.7% in a year compared with the industry’s growth of 20.2%.
Stocks to Consider
Some better-ranked stocks in the insurance space include Manulife Financial Corporation (MFC - Free Report) and Alleghany Corporation , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Manulife and Alleghany have a trailing four-quarter earnings surprise of 13.01% and 128.63%, on average, respectively.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>