Lincoln Financial

Lincoln Financial Group is a large, diversified provider of life insurance, annuities and other retirement-related products and services.

Lincoln Financial has existed for over a century, and the company is consistently considered as one of the leading life and health insurers in the United States based on revenues.

Having started in Fort Wayne, Indiana in 1905, Lincoln Financial is now one of the top providers of life insurance in the U.S. The company is also a leading provider of annuities and group disability coverage.

The annuities offered by Lincoln National include fixed annuities, fixed indexed annuities and variable annuities. 

The Lincoln National Corporation is a publicly listed company on the New York Stock Exchange.

Lincoln Financial Product Reviews
When including a guaranteed income benefit and an enhanced guaranteed minimum...
Products Offered

General Information
TypeInsurance Company
Contact Information
Radnor, PA 19087

Information & Articles about Lincoln Financial

Variable annuity sales in the United States increased 9.7 percent to total $34 billion during the third quarter of 2010.

Variable annuity revenue figures continue to be concentrated among a handful of leading companies:

  1. Prudential Financial: $15.5 billion year to date.
  2. MetLife: $13.2 billion year to date.
  3. Jackson National Life: $10.47 billion year to date.
  4. TIAA-CREF: $10.42 billion year to date.
  5. Lincoln Financial: $6.6 billion.

The total amount of variable annuity sales in the first 9 months of 2010 is $102.8 billion.  Variable annuity assets under management total $1.41 trillion.

As indicated above, the top 5 insurance companies comprise almost 55 percent of total sales.

LIMRA, an industry trade group, also indicated that 89 percent of variable annuity sales are accompanied by a guaranteed living benefit rider.

Source: Trading Markets

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A very good article in Forbes magazine discusses the many downsides of using group annuity contracts as a wrapper for 401k plans.

This is not to be confused with 401k or defined contribution plans that offer  an annuity option within their plans or an annuity option outside of the plans to participants who are retiring or leaving the company. 

In fact, most of the group annuity wrappers provide no ability to annuitize.

The practice is especially common among 401k plans offered by smaller employers.

There are tax benefits for the insurance companies providing the products, but very few benefits for the plan participants.

Companies offering such products include Axa Equitable, John Hancock and Lincoln Financial.  Some companies such as New York Life refuse to offer group annuity products.

Very high fees and surrender charges are among the negatives that accompany this approach to offering a 401k plan.

Source: Forbes

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