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Lincoln launches new lifetime product

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Lincoln Financial Group has launched an optional benefit rider, Lincoln Lifetime Income Advantage. The rider offers several features to provide more flexibility and control for advisors and their clients.

It offers pre-retirees guaranteed minimum lifetime income that is guaranteed to grow as they approach their retirement date, while brokers and clients retain full control – income amounts can be adjusted to offset unexpected costs or to protect assets if supplemental retirement income is no longer needed. Clients can opt to receive income by partial or systematic withdrawals, as well as through an option to maximize client income and tax efficiency.