Lincoln Financial Group has introduced a new annuity, the Lincoln Level Advantage indexed annuity.
The Radnor, Pennsylvania-based company has filed the product as a variable annuity.
The product index menu includes the S&P 500, Russell 2000, MSCI EAFE Index and Lincoln’s Capital Strength Index.
A purchaser can also choose from a menu of several different contract terms, including a one-year term option and a six-year term option.
Options for the level of protection against index-related losses range from protection against 10% of losses to protection against 100% of losses.
A contract purchaser who wants a lifetime income stream can buy an optional i4LIFE Indexed Advantage income rider.
The minimum investment is $25,000.
— Read How 7 Annuity Issuers Are Really Doing Now on ThinkAdvisor.