Lincoln Financial Group has launched new set of single-managed funds, American Funds Insurance Series (AFIS)– Portfolio Series, expanding its Legacy suite of variable annuities.
Lincoln has designed the new Portfolio Series for investors to address their specific retirement needs, including building savings, planning for distributions, and preserving long-term assets.
The new series includes three managed risk funds, American funds managed risk growth portfolio, American funds managed risk global allocation portfolio and American funds managed risk growth and income portfolio.
It also comprises two traditional funds, including American funds global growth portfolio and American funds growth and income portfolio.
Lincoln annuity solutions business head Brian Kroll said: "The American Funds Portfolio Series of objective-based funds has been popular with retail investors, and we believe variable annuity retirement investors will benefit from similar options.
"American Funds are highly regarded throughout the industry, and they have one of the longest track records in helping investors pursue long-term investment success."
The AFIS Portfolio Series when combined together with Lincoln’s patented i4LIFE Advantage income distribution method, offers advisors with several options to help clients develop an effective income distribution plan for retirement.
The i4LIFE Advantage is a living benefit rider that will be available at an additional fee with Lincoln’s variable annuities. It has been designed to provide lifetime income along with the potential to increase payments during retirement.
Image: Lincoln Financial has added new set of single-managed funds for investors to address their specific retirement needs. Photo: courtesy of Vichaya Kiatying-Angsulee/ FreeDigitalPhotos.net.