RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE:LNC) announces an exclusive strategic collaboration with BlackRock (NYSE:BLK) to help fee-based advisors solve their clients’ retirement income challenges with the development of a new variable annuity, Lincoln Core Income(SM), built with iShares. Designed with an investment selection comprised exclusively of ETFs, this lower-cost strategy built specifically for fee-based advisors provides guaranteed income for life that can increase each year.
“Retirement savers are facing unprecedented challenges. People are living longer, equity markets are volatile and interest rates remain low, putting more pressure on their savings to work harder for longer to provide adequate income," said Will Fuller, President, Annuity Solutions, Lincoln Financial Distributors and Lincoln Financial Network. "Annuities can provide income for life that is guaranteed and an essential strategy for savers who want to know they have predictable income."
"A shift by advisors towards fee-based models is a growing trend," said Salim Ramji, Head of BlackRock's U.S. Wealth Advisory business. “Lincoln and BlackRock are collaborating to meet the need of advisors looking for simpler ways to help clients meet their retirement income goals with more low-cost, quality options using ETFs.”
This exclusive strategic collaboration combines Lincoln’s expertise in building annuities that deliver guaranteed lifetime income with BlackRock’s iShares portfolio construction and investment management expertise. Lincoln Core Income(SM),built with iShares,which is anticipated to be available in the first quarter of 2017, will have several notable features:
- No surrender charge;
- Lower cost, all in under 2.0%;
- Guaranteed income that increases each year;
- Underlying funds comprised entirely of iShares ETFs; and
- Return of investment death benefit.
“Fee-based advisors want a simple, transparent and lower cost strategy without a surrender charge that fits the way they serve their clients,” concluded Fuller. "Lincoln Core Income(SM), built with iShares can provide savers with the equivalent of a paycheck for life that increases every year. We fully expect this product to be welcomed by retiring baby boomers and the advisors that serve them.”
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to 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 $228 billion in assets under management as of September 30, 2016. Learn more at: www.LincolnFinancial.com. Find us on Facebook, Twitter, LinkedIn and YouTube. To sign up for email alerts, please visit our Newsroom at http://newsroom.lfg.com.
