RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Financial Group (NYSE: LNC) has been named the 2023 “Best Variable Index Annuity Carrier” by Structured Retail Products (SRP) Americas, a leading provider of structured products data and intelligence, for a third time.
Lincoln was recognized for its best-selling registered indexed-linked annuity (RILA), Lincoln Level Advantage ®, which also earned the award in 2019 and 2021. The “Best Variable Index Annuity Carrier” award recipient was determined based on product innovation, understanding of client needs and after sales service and product data.
“We are honored to, once again, be recognized by SRP with this award,” said Tim Seifert, senior vice president and head of Retirement Solutions Distribution at Lincoln Financial. “Our team works very hard to meet client and advisor expectations by simplifying all aspects of the Lincoln Level Advantage service experience. These service innovations have led us to help more than 115,000 investors protect and grow their portfolios since the product’s launch more than five years ago.”
Since launching in May 2018, Lincoln Level Advantage has been Lincoln’s most successful product launch to-date, with more than $20 billion in lifetime sales. The RILA provides investors the ability to tailor a combination of protection levels with indexed account options to help meet their risk tolerance, individual investment style and retirement income planning goals. Over the past five years, the product has evolved to help protect their assets against market declines while enabling them to accumulate growth on the upside.
“Lincoln Level Advantage has continually evolved with enhancements to meet the changing market environment and investor needs. Today, we offer a broad range of indexed account options with innovative crediting strategies to help protect investors’ assets in a way that aligns with their personal risk levels,” said Dan Herr, senior vice president, annuity product management at Lincoln Financial. “Congratulations to everyone on Team Lincoln who helped make Lincoln Level Advantage a three-time winner of this award!”
Lincoln Level Advantage has been lauded by investors and the industry alike, previously earning recognition from Structured Retail Products in 2019 and 2021, regarded the number one selling registered index-linked annuity in the industry for 2020 and named in Barron’s annual “The 100 Best Annuities for Today’s Market” feature more times than any other RILA.
For more information about Lincoln Level Advantage indexed variable annuity, visit www.LFG.com/LevelAdvantage.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. As of December 31, 2022, approximately 16 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, and guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $299.2 billion in end-of-period account balances, net of reinsurance as of June 30, 2023. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and ranks among Newsweek’s Most Responsible Companies. Dedicated to diversity, equity and inclusion, we are included on transparency benchmarking tools such as the Corporate Equality Index, the Disability Equality Index and the Bloomberg Gender-Equality Index. Committed to providing our employees with flexible work arrangements, we were named to FlexJobs’ list of the Top 100 Companies to Watch for Remote Jobs in 2022. With a long and rich legacy of acting ethically, telling the truth and speaking up for what is right, Lincoln was recognized as one of Ethisphere’s 2023 World’s Most Ethical Companies®. Learn more at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at http://newsroom.lfg.com.
