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Lincoln National (LNC) Launches i4LIFE to Benefit Retirees
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Lincoln National Corporation (LNC - Free Report) recently launched i4LIFE Indexed Advantage which is a fixed-indexed annuity benefit rider. The new product would provide dependable, tax efficient income for life along with continuous access to account value. This would ensure consumers a guaranteed lifetime income.
Variable annuities are mainly long-term investment products that offer a lifetime income stream, access to leading investment managers, options for guaranteed growth and income and death benefit protection. These are designed for retirement purposes and are subject to market fluctuations, investment risks and possible loss of principal. Lincoln National will make this product available at an additional cost through its New Directions 8, OptiBlend 7 and 10, and OptiChoice 5, 7 and 9 fixed indexed annuities.
Lincoln National has always been proactive in meeting its customers’ varying needs through several product upgrades, new product launches etc. The company’s shares have gained 48% in the last one year, outperforming the industry’s rally of 34%. This reflects shareholders’ confidence in this Zacks Rank #3 (Hold) stock.
This product was initially launched in the variable annuity space in 2000 primarily aiming at helping clients maximize their income, maintain access and control of their investment, and live their retired lives with more ease and comfort. Since its introduction, the company has seen more than 150,000 elections ofthis product — accounting for more than $30 billion of i4LIFE Advantage assets.
The product also aims at providing more after-tax income in return of investing nonqualified money. In addition, it provides opportunities for increasing income payments every year when the account value grows greater than 3%. Apart from offering continued access to account value with control on investments, it further provides protection for beneficiaries with a dollar-for-dollar guarantee of Principal death benefit.
i4LIFE Indexed Advantage not only provides clients access to all its exotic benefits but also lowers their expenses. Also, as an exception to other living benefit options in the industry, this new product offers favorable tax treatment with nonqualified money to help savers maximize retirement income. This is basically a powerful financial tool, providing a combination of features and benefits that cannot be found in any other investment option within the industry.
First American Corporation provides financial services. The company delivered positive surprises in all the last four quarters with an average beat of 12.64%.
CNO Financial develops, markets and administers health insurance, annuity, individual life insurance and other insurance products for senior and middle-income markets in the United States. The company delivered positive surprises in three of the last four quarters with an average beat of 6.69%.
Argo Group underwrites specialty insurance and reinsurance products in the property and casualty market worldwide. The company delivered positive surprises in all the last four quarters with an average beat of 26.51%.
4 Surprising Tech Stocks to Keep an Eye on
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really takes off.
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Lincoln National (LNC) Launches i4LIFE to Benefit Retirees
Lincoln National Corporation (LNC - Free Report) recently launched i4LIFE Indexed Advantage which is a fixed-indexed annuity benefit rider. The new product would provide dependable, tax efficient income for life along with continuous access to account value. This would ensure consumers a guaranteed lifetime income.
Variable annuities are mainly long-term investment products that offer a lifetime income stream, access to leading investment managers, options for guaranteed growth and income and death benefit protection. These are designed for retirement purposes and are subject to market fluctuations, investment risks and possible loss of principal. Lincoln National will make this product available at an additional cost through its New Directions 8, OptiBlend 7 and 10, and OptiChoice 5, 7 and 9 fixed indexed annuities.
Lincoln National has always been proactive in meeting its customers’ varying needs through several product upgrades, new product launches etc. The company’s shares have gained 48% in the last one year, outperforming the industry’s rally of 34%. This reflects shareholders’ confidence in this Zacks Rank #3 (Hold) stock.
This product was initially launched in the variable annuity space in 2000 primarily aiming at helping clients maximize their income, maintain access and control of their investment, and live their retired lives with more ease and comfort. Since its introduction, the company has seen more than 150,000 elections ofthis product — accounting for more than $30 billion of i4LIFE Advantage assets.
The product also aims at providing more after-tax income in return of investing nonqualified money. In addition, it provides opportunities for increasing income payments every year when the account value grows greater than 3%. Apart from offering continued access to account value with control on investments, it further provides protection for beneficiaries with a dollar-for-dollar guarantee of Principal death benefit.
i4LIFE Indexed Advantage not only provides clients access to all its exotic benefits but also lowers their expenses. Also, as an exception to other living benefit options in the industry, this new product offers favorable tax treatment with nonqualified money to help savers maximize retirement income. This is basically a powerful financial tool, providing a combination of features and benefits that cannot be found in any other investment option within the industry.
Stocks to Consider
Some better-ranked stocks in the insurance industry are First American Corporation (FAF - Free Report) , CNO Financial Group, Inc. (CNO - Free Report) and Argo Group International Holdings, Ltd. , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
First American Corporation provides financial services. The company delivered positive surprises in all the last four quarters with an average beat of 12.64%.
CNO Financial develops, markets and administers health insurance, annuity, individual life insurance and other insurance products for senior and middle-income markets in the United States. The company delivered positive surprises in three of the last four quarters with an average beat of 6.69%.
Argo Group underwrites specialty insurance and reinsurance products in the property and casualty market worldwide. The company delivered positive surprises in all the last four quarters with an average beat of 26.51%.
4 Surprising Tech Stocks to Keep an Eye on
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really takes off.
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