RADNOR, PA — In response to growing concerns over market volatility, inflation, and investment losses, Lincoln Financial Group (NYSE: LNC) has unveiled a novel approach within its fixed indexed annuity offerings. The introduction of the 1 Year S&P 500® Dual Trigger (Dual Trigger) account option marks a significant stride towards providing investors with a versatile tool designed to harness growth potential in varying market conditions, including upward, flat, or even downward trends, all the while ensuring 100% protection against downside risks.
This strategic move aligns with recent findings from Lincoln Financial, which indicate a pronounced consumer demand for investment solutions that balance growth opportunities with principal protection. Amidst a backdrop of heightened concern for inflation, affecting 66% of consumers, alongside fears of investment losses and market fluctuations, a majority of investors are shifting towards products that offer a blend of security and growth potential.
Daniel Herr, Senior Vice President of Annuity Product Management at Lincoln Financial Group, highlights the anticipated longevity of this demand, citing industry forecasts that project fixed indexed annuity sales to approach the $100 billion mark by 2025. “Lincoln Financial’s product enhancements are tailored to cater to these market needs, simplifying strategies to empower investors to grow their account value securely amidst volatility,” Herr stated.
In addition to the Dual Trigger option, Lincoln Financial is also rolling out the 1 Year S&P 500® 10% Daily Risk Control Trigger for its Lincoln OptiBlend® fixed indexed annuity. This feature aims to leverage the S&P 500® 10% Daily Risk Control index to potentially offer higher crediting rates compared to those associated with the traditional S&P 500® index, thus promising more growth opportunities in stable or ascending markets.
The unveiling of these innovative crediting strategies comes at a critical juncture, as approximately 4.1 million Americans are set to reach retirement age annually through 2027. Tim Seifert, Senior Vice President and Head of Retirement Solutions Distribution at Lincoln Financial Group, emphasized the company’s commitment to supporting retirees in safeguarding their savings against market uncertainties. “With these new crediting strategies, financial professionals can equip clients with diversified options to build wealth confidently, irrespective of market dynamics,” Seifert remarked.
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