Products May 10, 2011

Lincoln Offering Annuity Product New Sales through TPAs

May 10, 2011 (PLANSPONOR.com) - Lincoln Financial Group announced that its Lincoln Director group variable annuity-based retirement solution will be available for new sales exclusively through a service model supported by the Third-Party-Administrator (TPA) channel.
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The Lincoln Director solution will continue to offer plan sponsors fiduciary assistance, employee retirement education and communications, and additional opportunities for plan enhancements through value-added services.  

The announcement said TPAs offering Lincoln Director can rely on an ongoing partnership with Lincoln that couples superior relationship and account management support with excellent customer service. As a plan provider, Lincoln Financial’s offering also features fiduciary support, funds management, and accumulation strategies. Current Lincoln Director full-service retirement plan cases will not be affected by the change.   

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The Lincoln Director investment lineup provides plan participants with an opportunity to choose from 90 investment options from 15 fund families. The program also offers a range of distribution options, including Lincoln’s patented i4LIFE Advantage solution that ensures a lifetime of income, with a minimum guarantee and control over assets.  

“While TPA exclusivity for Lincoln Director is the ideal model for the micro-to-small markets, we will continue to offer a suite of competitive, full-service solutions that address the needs of the mid-and-large end of the market,” said Eric Levy, Head of Products, Defined Contribution.

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