A large insurer is releasing a new version of an asset-protection rider.
Lincoln National Corp., Philadelphia, says it is rolling out an improved version of its Lincoln SmartSecurity Advantage variable annuity rider.
The rider offers purchasers a choice between a 1-year or 5-year “step-up” based on market growth for that time period. For purchasers who meet the contract terms, the rider can protect purchasers from losing principal, Lincoln says.