Lincoln Financial Group has recently unveiled an upgraded version of its renowned indexed variable annuity, Lincoln Level Advantage, called Lincoln Level Advantage 2. This new release further expands on the innovative features of the original product, providing investors with enhanced opportunities for both protection and growth. Notably, Lincoln Level Advantage 2 introduces the industry’s first indexed accounts that track the performance of Capital Group’s active ETFs.
The Lincoln Level Advantage annuity series has garnered significant acclaim for its ability to safeguard investments while offering potential for growth. With the launch of Lincoln Level Advantage 2, Lincoln Financial Group aims to cater to evolving investor needs and capture a larger market share.
By incorporating Capital Group’s active ETFs into the indexed accounts, Lincoln Level Advantage 2 provides investors with a distinct advantage. These indexed accounts enable investors to benefit from the performance of Capital Group’s actively managed ETFs, which have a strong track record. This strategic collaboration between Lincoln Financial Group and Capital Group enhances the growth potential of the annuity and opens new avenues for investors to diversify their portfolios.
Lincoln Financial Group’s commitment to customer satisfaction is further illustrated by its latest financial results. According to the recently released sales data, Lincoln National’s suppliers recorded a remarkable 24.85% increase in sales in Q1 2024 compared to the previous year. Sequentially, sales grew by 20.88%. This substantial growth in sales demonstrates the positive market response to Lincoln National’s offerings, including the Lincoln Level Advantage annuity series.
Furthermore, while there was a year-on-year increase of 4.71% in the cost of sales for Lincoln National, there has been a slight decrease of -0.24% in the cost of sales for Q1 compared to the previous quarter. These figures indicate Lincoln National’s ability to optimize operational efficiency and maintain profitability amidst market fluctuations.
The introduction of Lincoln Level Advantage 2 strengthens Lincoln Financial Group’s position in the annuity market by offering prospective and existing clients an improved annuity product with enhanced growth potential and robust protection features. With the industry’s first indexed accounts tracking Capital Group’s active ETFs, investors now have access to an innovative tool for diversifying their portfolios and achieving their long-term financial goals.
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